London open: Solid start to week
26th Jul 2010 08:49
Relief at the relatively benign results of the European banking system stress test has encouraged buyers into the market. Lloyds, Royal Bank of Scotland and Barclays are all strongly ahead after they sailed through the tests last week. Tony Hayward, the embattled BP chief executive, will collect
Read moreMARKET TALK: UK Banks Up; Stress Tests Provide Comfort -Shore
26th Jul 2010 08:16
0716 GMT [Dow Jones] All UK banks included in the EU-wide bank stress tests--Barclays (BCS), HSBC (HBC), Royal Bank of Scotland (RBS.LN), Lloyds Banking Group (LYG)--passed, as expected, says Shore Capital, with tier 1 ratios comfortably above 6% under the adverse scenario. Takes comfort, in isolat
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
26th Jul 2010 08:16
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] 0716 GMT [Dow Jones] All UK banks included in the EU-wide bank stress tests--Barclays (BCS), HSBC (HBC), Royal Bank of Sc
Read moreMARKET TALK: UK Banks Open Up After Passing EU Stress Tests
26th Jul 2010 08:11
0711 GMT [Dow Jones] UK banks all passed the EU-wide stress tests Friday. However, "the static balance sheet limitations along with the absence of important factors such as regulatory changes make the results less meaningful, especially for UK banks that will see significant restructuring," says JPM
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
26th Jul 2010 08:11
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] 0711 GMT [Dow Jones] UK banks all passed the EU-wide stress tests Friday. However, "the static balance sheet limitations a
Read moreMARKET TALK: European Banks Unlikely To Jump For Joy -BarCap
26th Jul 2010 07:54
0654 GMT [Dow Jones] Barclays Capital does not see European bank stocks bouncing back following largely benign stress test results, in the way that their US rivals did following similar test results. "The US stress test proved the catalyst for massive equity recapitalisations, coincided with an econ
Read moreMARKET TALK: Bernstein Not Keen To Join Any Rally In Bk Stocks
26th Jul 2010 07:49
0649 GMT [Dow Jones]--Bernstein Research says it is not keen to join what may be a stress test induced rally in European banks following the EU's stress tests, and criticizes the testing methods. "The stress test was a reasonable test of banking resilience to a 'double-dip' recession but failed to
Read moreMARKET TALK: Nomura Highlights Europe Stress Test Methodology
26th Jul 2010 07:42
0642 GMT [Dow Jones] European stress tests' methodology give rise to questions, says Nomura Research. For example, the estimate of two-year profitability appears to be based on '09 earnings, with a "haircut which flatters investment banks--especially those with disposal gains--such as Barclays (BCS)
Read moreINTERVIEW: Converteam To Mull Ownership Options Next Year-CEO
26th Jul 2010 06:30
This story was originally published Friday. By Adam Mitchell Of DOW JONES NEWSWIRES PARIS (Dow Jones)--The chief executive of closely-held French power conversion engineering company Converteam will look again at the company's ownership structure next year, with a view to it changing a
Read moreChicago Parking Meters' Bond Sale Shelved Amid Covenant Spat
23rd Jul 2010 23:06
By Katy Burne and Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Chicago Parking Meters LLC shelved a $500 million private bond sale Friday after a handful of investors insisted the company meet two covenant tests at all times, whereas the borrower wanted to have to meet either
Read moreDow Jones Newswires Coverage Of EU Bank Stress Test Results
23rd Jul 2010 21:52
European authorities Friday released results showing EU banks largely passed a round of government stress tests, with just a few institutions found to need modest amounts of new capital. Out of 91 banks, just seven failed the tests: Germany's Hypo Real Estate Holding, ATEbank (ATE.AT) in Greece
Read more2nd UPDATE: European Bank ADRs Move Higher After Stress Tests
23rd Jul 2010 21:50
(Updates throughout with additional details and comments.) By Shara Tibken and Marshall Eckblad Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--U.S.-listed shares of European banks rallied on Friday, led by Irish and Spanish lenders, after regionwide stress tests showed most banks could wit
Read moreDow Jones Newswires Coverage Of EU Bank Stress Test Results
23rd Jul 2010 20:00
European authorities Friday released results showing EU banks largely passed a round of government stress tests, with just a few institutions found to need modest amounts of new capital. Out of 91 banks, just seven failed the tests: Germany's Hypo Real Estate Holding, ATEbank (ATE.AT) in Greece
Read moreUPDATE: European Bank ADRs Move Higher After Stress Tests
23rd Jul 2010 19:41
(Adds details and analyst comments.) By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of European banks trading in the U.S. moved slightly higher Friday afternoon as investors digested results of European stress tests, which, as expected, showed the large majority of b
Read moreDow Jones Newswires Coverage Of EU Bank Stress Test Results
23rd Jul 2010 19:19
European authorities Friday released results showing EU banks largely passed a round of government stress tests, with just a few institutions found to need modest amounts of new capital. Out of 91 banks, just seven failed the tests: Germany's Hypo Real Estate Holding, ATEbank (ATE.AT) in Greece
Read more