European Buyouts Power Ahead Boosted By Pass the Parcel Deals
2nd Aug 2010 13:28
LONDON (Dow Jones)--European private equity buyouts continue to gather steam with activity fueled by a string of 'pass the parcel' deals in which private equity firms sell on to each other rather than trade buyers or to the public markets in an initial public offering, according to a study released
Read moreLondon open: Strong start for Footsie
2nd Aug 2010 08:53
Banks and miners are in favour this morning, helping Footsie make a bright start. The banks' interim results season kicks off later today with HSBC's first half figures and predictions at the weekend were for strong numbers across the sector. Lloyds, Barclays and Royal Bank of Scotland are all hig
Read moreAT&T, Verizon, T-Mobile Target Visa, MasterCard In Venture - Bloomberg
2nd Aug 2010 06:26
DOW JONES NEWSWIRES AT&T Inc. (T), Verizon Communications Inc. (VZ) and T-Mobile USA are attempting to create a system to bypass credit and debit cards and allow consumers to pay for purchases by smartphones, Bloomberg News reported Monday, citing unnamed sources. The venture is a direct th
Read moreBanks chided again on small cap lending
1st Aug 2010 18:34
Britain's banks have again been warned over bonuses and lending to small and medium-sized firms (SMEs) with the top four tipped to post over £8bn in collective first half profits this week. In an interview with the Sunday Telegraph, UK chancellor George Osborne said the the government would not tol
Read moreSunday newspaper round-up: Bank profits, BP, ITV
1st Aug 2010 11:59
Royal Bank Of Scotland could break back into the black this week, boosting hopes that taxpayers could make a profitable exit from the government's bank bailouts. Analysts expect RBS to post a pre-tax profit of about £200m for the first six months of the year, ending a two-year run of multi-billion
Read moreMARKET TALK: Citigroup Cuts Barclays Price Target
30th Jul 2010 14:33
1333 GMT [Dow Jones] Citigroup cuts Barclays (BARC.LN) price target to 442p from 470p ahead of Barclays's 1H '10 results August 5. The key issue will be revenues at Barclays Capital in 2Q, says Citi. It revises down its '10 EPS forecast to 29.6p from 34.5p and '11 to 43.6p from 44.4p. However the ma
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
30th Jul 2010 14:33
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1333 GMT [Dow Jones] Citigroup cuts Barclays (BARC.LN) price target to 442p from 470p ahead of Barclays's 1H '10 results A
Read moreMARKET TALK: Citigroup Lowers Barclays Target Price
30th Jul 2010 11:00
1000 GMT [Dow Jones] Citigroup lowers Barclays (BARC.LN) target to 442p from 470p ahead of 1H results, due August 5. Brokerage lowers its FY10 EPS forecast by 14% to 33p, but says FY11- FY13 earnings forecasts have been shaved by only 5%-7%, "since we envisage a reasonable rebound in Barclays Capit
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
30th Jul 2010 11:00
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1000 GMT [Dow Jones] Citigroup lowers Barclays (BARC.LN) target to 442p from 470p ahead of 1H results, due August 5. Brokera
Read morePRESS RELEASE: Moody's Assigns Provisional Rating To Barclays Index Linked Coupon Notes
30th Jul 2010 03:58
The following is a press release from Moody's Investors Service: AUD [25] million of debt securities affected Hong Kong, July 30, 2010 -- Moody's Investors Service has assigned a provisional rating to the following notes: (P)Aa3 to the AUD [25,000,000] Index Linked Notes due [22 November 2016],
Read moreProgram Trading Fell Last Week On NYSE, Volume Down
29th Jul 2010 17:36
DOW JONES NEWSWIRES Program trading dropped slightly last week on the NYSE Euronext (NYX) as total volume also declined. The daily program trading volume average was 623.3 million, or 27.4% of the average total of 2.28 billion shares changing hands. Those figures were down from 660.5 millio
Read moreAbsa Says 1H Revenue Didn't Grow, But EPS Up As Much As 12%
29th Jul 2010 16:43
JOHANNESBURG (Dow Jones)--Absa Group Ltd. (ASA.JO), South Africa's largest retail lender, said Thursday the operating environment in the first half of the year was subdued and its revenue levels didn't grow during the period. However, the Johannesburg-based company said its earnings per share in
Read moreEARNINGS PREVIEW:UK Banks 1H Good On Charges, Hit By Mkt Woes
29th Jul 2010 15:24
By Patricia Kowsmann Of DOW JONES NEWSWIRES TAKING THE PULSE: U.K. banks will likely report higher pretax profit for the first half of the year on lower impairment charges, although investment-banking activities could disappoint following a shaky second quarter, analysts say. "Overall, t
Read moreGermany's SAP Prices Two-Part Euro Bond Issue
29th Jul 2010 15:24
LONDON (Dow Jones)--German business software provider SAP AG (SAP) has priced its two-tranche bond issue via lead managers Barlcays Capital and Deutsche Bank AG, one of the banks said Thursday. Details of the three-year bond: Amount: EUR600 million Maturity: August 6, 2013 Cou
Read moreUPDATE: SAP Two-Part Bond Capitalizes On Improved Sentiment
29th Jul 2010 14:57
(Adds comment, background) By Art Patnaude Of DOW JONES NEWSWIRES LONDON (Dow Jones)--German business software provider SAP AG (SAP) is set to price a two-part bond Thursday, capitalizing on improved market sentiment to bring the first investment-grade corporate deal in the euro market s
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