RBS, Barclays, Lloyds Near Deal On Connaught Cash Injection - FT

29th Jul 2010 01:43

DOW JONES NEWSWIRES RBS, Barclays and Lloyds Banking Group are close to a deal that would inject cash into U.K. support services firm Connaught PLC (CNT.LN), the Financial Times reported Wednesday, citing unnamed sources. Terms for the injection were unclear, the paper said on its web site. The banks and Connaught declined comment, according to the report. Connaught's shares fell 69 pence Monday after it warned it will breach its banking covenants because its year-end net debt will be "significantly in excess" of the GBP120 million it forecast less than a month ago. Full story: http://www.ft.com/cms/s/0/0d003438-9a7e-11df-87fd-00144feab49a.html (END) Dow Jones Newswires July 28, 2010 20:43 ET (00:43 GMT)