MARKET TALK: UK Banks Jump On Basel 3 Watered-Down Rules
27th Jul 2010 10:05
0905 GMT [Dow Jones] UK banks are sharply higher on news that Basel 3 proposals have been watered down, analysts say. Lloyds Banking (LYG) and Barclays (BCS) particularly gaining from new requirements that will see both being able to recognize some minority interest capital as Tier 1 capital. Credi
Read moreLondon open: Strong start for blue chips
27th Jul 2010 08:49
Footsie is making good gains in early trading, though BP, the big story this morning, has not joined in as yet. The oil giant BP confirmed Tony Hayward is to step down as chief executive of the group on 1 October to be succeeded by fellow executive director Bob Dudley. The group also unveiled a $
Read moreBarclays Unit Holds 90.4% Of Tricorona, Acquisition Now Closed
27th Jul 2010 07:43
DOW JONES NEWSWIRES Barclays said Tuesday the recommended cash offer by its subsidiary TAV, to acquire all the shares in Tricorona has been closed. TAV has received acceptances in respect of 90.4% of shares and votes in Tricorona. MAIN FACTS: -TAV has initiated the procedure for the comp
Read moreCORRECT: =Corporate-Bond Investors Snap Up $5 Billion In New Supply
26th Jul 2010 23:15
("=Corporate-Bond Investors Snap Up $5 Billion In New Supply," timed at 5:10 p.m. EDT, misstated the Westpac tranche size and dropped a decimal point in the guidance concerning Alcoa's bonds in paragraphs seven and eight, respectively.) By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow
Read moreCORRECT: =Corporate-Bond Investors Snap Up $5 Billion In New Supply
26th Jul 2010 23:13
("=Corporate-Bond Investors Snap Up $5 Billion In New Supply," timed at 4:55 p.m. EDT, misstated the Westpac tranche size and dropped a decimal point in the guidance concerning Alcoa's bonds in paragraphs seven and eight, respectively.) By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow
Read moreADR REPORT: Shares Gain As Strong Earnings Reports Continue
26th Jul 2010 21:42
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed higher Monday on continued enthusiasm over second-quarter earnings, though trading volumes were thin. The Bank of New York index of ADRs climbed 0.9% to 125.84. European
Read more2nd UPDATE: Bankinter Taps 2013 Covered Bond Tap For EUR400M
26th Jul 2010 16:57
(Adds pricing information) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Spain's Bankinter SA (BKT.MC) has added EUR400 million to its existing EUR1 billion April 2012, 2.625% covered bond, pricing the tap at 240 basis points over mid-swaps, bankers working on the deal said Mo
Read moreLondon close: US gives Footsie a lift
26th Jul 2010 16:42
Sentiment improved after the US open following a sluggish start, helping Footsie close with modest gains. A bigger than expected rise in US house sales reassured investors over the state of the world economy. Banks Lloyds, Royal Bank of Scotland and Barclays were all strongly ahead after they sail
Read moreMARKET TALK: Matrix Initiates Coverage Of Barclays At Sell
26th Jul 2010 15:29
1429 GMT [Dow Jones] Matrix initiates coverage of Barclays (BARC.LN) at sell with 310p price target. Says the share price has recovered strongly since the nadir of the credit crisis and is now considered one of the sector's consensual favorites. However, Matrix believes Barclays faces a number of st
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
26th Jul 2010 15:29
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1429 GMT [Dow Jones] Matrix initiates coverage of Barclays (BARC.LN) at sell with 310p price target. Says the share price
Read moreLondon afternoon: Pick-up at Penguin boosts Pearson
26th Jul 2010 14:37
Leading shares remain mixed ahead of the deluge of big company announcements later in the week that includes oil giants BP, Shell and BG. Tullow Oil may be smaller than the aforementioned triumvirate but its shares are outperforming all of them and the rest of the Footsie constituents today after i
Read moreFinra Looks At CDOs At Morgan Stanley, Barclays, Credit Suisse-Bloomberg
26th Jul 2010 13:34
DOW JONES NEWSWIRES The Financial Industry Regulatory Authority has sought information on the synthetic collateralized debt obligations created by Morgan Stanley (MS), Barclays PLC (BCS) and Credit Suisse Group (GS), with a focus on potential conflicts of interest, sales practices and how the
Read moreLondon midday: Updates fail to move Footsie
26th Jul 2010 12:13
Footsie is still seeking direction despite a stream of company news updates that have moved share prices Banks Lloyds, Royal Bank of Scotland and Barclays are all strongly ahead after they sailed through the tests last week. BP is ahead after the oil giant confirmed it will t will hold a board me
Read moreAT A GLANCE: A Roundup Of Analyst Opinion On EU Stress Tests
26th Jul 2010 11:44
THE EVENT: The European Union's Committee of European Banking Supervisors, or CEBS, on Friday released results showing E.U. banks largely passed a round of government stress tests, with just a few institutions found to need further capital as a buffer against further economic and sovereign risks.
Read moreMARKET TALK: Morgan Stanley Backs French, Swiss Bks, Barclays
26th Jul 2010 09:23
0823 GMT [Dow Jones] Morgan Stanley backs BNP Paribas (BNP.FR), Societe Generale (GLE.FR), Credit Suisse (CS), Barclays (BCS), UBS (UBS), and Julius Baer (BAER.VX) following stress tests. Large-cap banks in Europe have been pivoting around expectations from Spain, and the periphery should benefit fr
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