UPDATE: UK Syndicated Gilt Attracts Nearly GBP14B Of Demand
29th Jun 2010 17:26
(Adds details of demand, distribution, DMO comment) By Michael Wilson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. Debt Management Office's new GBP8 billion gilt sale, the biggest syndicated deal to date, drew GBP13.8 billion of demand from 77 different accounts, the DMO said Tues
Read moreNew UK Syndicated 2040 4.25% Gilt Priced At 100.121
29th Jun 2010 15:17
LONDON (Dow Jones)--The U.K. Debt Management Office has priced a new conventional syndicated gilt maturing in 2040 via Barclays Capital, Morgan Stanley, Nomura Holdings Inc. and the Royal Bank of Canada, one of the banks leading the deal said Tuesday. Terms are as follows: Amount: GBP
Read moreNew UK GBP8B Syndicated Gilt Pricing At 4.25% 2039 Gilt +0.01
29th Jun 2010 14:35
LONDON (Dow Jones)--The U.K.'s new syndicated gilt issue, maturing Dec. 7, 2040, will price at one basis points over the existing 4.25% gilt maturing 2039, one of the banks running the sale said Tuesday. The transaction, which pays a 4.25% coupon, is being led by Barclays PLC, Morgan Stanley, No
Read moreUPDATE: Private & Commercial In Funding Hunt To Grow Revenue
29th Jun 2010 10:58
(Adds executive comments, analyst comment and share price.) By Rachael Gormley Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. finance house Private & Commercial Finance Group PLC (PCF.LN) Tuesday said it is on the hunt for new funding that would allow it to write more business, improve
Read moreNordenia Plans 7-Year EUR280M High Yield Bond
29th Jun 2010 10:21
LONDON (Dow Jones)--German packaging company Nordenia Holdings GmbH is planning a EUR280 million, seven-year high yield bond, to pay-down existing debt and fund a dividend for its owner, U.S. private equity firm, Oaktree Capital Management, a bank working on the deal said Tuesday. Nordenia's pla
Read moreUK Sets Guidance On 2040 Syndicated Gilt Issue
29th Jun 2010 09:27
LONDON (Dow Jones)--Guidance on the U.K.'s new syndicated gilt issue, maturing Dec. 7, 2040, has been set at one to three basis points over the existing 4.25% gilt maturing 2039, one of the banks running the sale said Tuesday. The new bond will also pay a 4.25% coupon. Barclays PLC, Morgan S
Read moreLondon close: Miners lift Footsie
28th Jun 2010 16:24
London's top stocks ended Monday's trading session with modest gains thanks to strong mining stocks. Footsie traded in and out of the blue during the day, largely mirroring the performance of BP's share price. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65
Read moreSector movers: Miners buoyant
28th Jun 2010 15:16
In a buoyant mining sector Kazakhmys has received a fillip from positive comment from Citigroup while FTSE 100 new entrant Essar Energy is wanted after JPMorgan Cazenove initiated coverage with an "overweight" rating. The banking sector is lower though a bullish note from Nomura is boosting Lloyds
Read moreUK Buyouts Already Up 67% On Whole Of 2009 But Momentum Uncertain
28th Jun 2010 14:32
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The total value of private equity-backed buyouts of U.K. companies in the first half of this year was GBP7.9 billion, already 67% higher than the transaction value of deals for the whole of 2009 but the increase was powered by act
Read moreLondon afternoon: Miners prop up Footsie
28th Jun 2010 14:16
The Footsie has been in retreat since shortly after ten this morning and dipped back into the red over the lunchtime session before limping back into positive territory, helped by the strength of mining stocks. The Footsie's performance largely mirrors that of the share price of oil giant BP, which
Read moreBroker tips: Lloyds, RBS, Hyder, Taylor Wimpey...
28th Jun 2010 12:23
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreLondon midday: Oils lift indices
28th Jun 2010 12:14
Markets are higher after some better news from BP in the Gulf of Mexico and on reflection of the outcome of the latest G20 summit. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65bn (£1.75bn). The oil giant is stopping almost 23,000 barrels of oil from leakin
Read moreLondon open: Hangover carries into Monday
28th Jun 2010 08:53
Markets are struggling for direction this morning, with traders still probably dissecting the disappointment of yesterday, which could take some time. Renewed pledges from the G20 meeting to force banks to keep a lot more capital have also hit sentiment while Standard Chartered's comment that inco
Read moreBroker snap: Lloyds is Nomura's preferred UK bank
28th Jun 2010 08:29
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreNomura Hires BarCap Fuel Oil Trader To Head Oil Trade Desk
28th Jun 2010 08:22
SINGAPORE (Dow Jones)--Japanese investment bank Nomura said Monday that it has hired Shaun Lim as head of its Asian oil and products trading team based in Singapore. Lim left Barclays Capital in Singapore, where he was a senior fuel oil trader, to join Nomura, the company said in a statement.
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