UK MARKET TALK ROUNDUP: SHARES GAINING
28th Jun 2010 08:12
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] 0712 GMT [Dow Jones] Nomura upgrades Lloyds Banking Group (LLOY.LN) to buy from reduce and lifts the target to 80p from
Read moreMARKET TALK: Nomura Ups Lloyds; Cuts Barclays, HSBC
28th Jun 2010 08:12
0712 GMT [Dow Jones] Nomura upgrades Lloyds Banking Group (LLOY.LN) to buy from reduce and lifts the target to 80p from 53p. Says Lloyds is particularly geared to domestic margin expansion owing to the repricing of mortgage asset yields and short-term wholesale funding. Cuts Barclays (BARC.LN) to
Read moreIsraeli Gas Firms Secure $430M Loans To Develop Tamar Field
27th Jun 2010 13:10
JERUSALEM (Dow Jones)--Three Israeli oil-exploration companies said Sunday they have secured $430 million in loans to develop the Tamar natural gas field, off Israel's coast. The companies, Delek Drilling Ltd. Partnership (DERD.L.TV), Avner Oil Exploration Ltd. Partnership (AVNR.L.TV) and Dor Al
Read moreEx-Lehman Creditors Attorney Grilled In Suit Against Barclays
25th Jun 2010 19:05
By Joseph Checkler Of DOW JONES NEWSWIRES Lehman Brothers Holdings Inc.'s (LEHMQ) 2008 deal to sell its broker-dealer assets to Barclays PLC (BCS) was closed so hastily that it was impossible to do the proper due diligence on valuing those assets, the former counsel to Lehman's unsecured cre
Read moreOil Companies Stock Up On Cash Ahead Of An Uncertain Future
25th Jun 2010 18:17
By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Oil giants are ramping up their borrowing, braving higher interest rates in order to lock down funding as a hedge against further turmoil in their industry or in credit markets, traders and analysts said. Facing possible fur
Read moreFirst Solar Looks Past Success To Even Brighter Future
25th Jun 2010 17:54
(This article was originally published Thursday.) By Cassandra Sweet Of DOW JONES NEWSWIRES SAN FRANCISCO (Dow Jones)--First Solar Inc. (FSLR) is the world's largest solar-panel maker. Now, it wants to compete with fossil-fuel power generators. In addition to making flat, glass pane
Read moreLondon close: Resource stocks drag Footsie lower
25th Jun 2010 16:42
Weakness in the resources sector ensured that Footsie finished firmly in the red. ENRC, Lonmin and Kazkhmys were big losers in the mining sector as base metal prices retreat. BP resumed its slide following a couple days' respite. Nomura Securities has suggested that the oil giant may have to ra
Read moreHertz Prices EUR400M 8.5% 2015 Bond At 99.477
25th Jun 2010 15:50
LONDON (Dow Jones)--Hertz Holdings Netherlands BV, part of car rental firm The Hertz Corporation (HTZ), has priced its EUR400 million, 2015 bond, one of the banks running the sale said Friday. Barclays Capital PLC and JPMorgan Chase & Co were lead managers on the deal. Terms are as follows:
Read morePRESS RELEASE: Equities Offer Value as Recovery Continues, Barclays Capital Says
25th Jun 2010 15:21
"Global Outlook" research forecast maintains a positive near-term view while cautioning on medium-term obstacles to a bull market NEW YORK--(BUSINESS WIRE)--June 25, 2010-- Barclays Capital today said in its latest flagship quarterly research publication, Global Outlook: Rebound, But No Raging B
Read moreEx-Barclays Credit Strategist McAdie To Join BNP Paribas
25th Jun 2010 14:43
LONDON (Dow Jones)--Robert McAdie, formerly Global Head of Credit Strategy at Barclays Capital, will join BNP Paribas SA (BNP.FR) in August, the French bank said Friday. McAdie will take the newly-created role of Global Head of Credit Research and Strategy. He will be based in London and report
Read moreLondon afternoon: Stuck in reverse
25th Jun 2010 14:14
BP trimmed its losses over the lunch time session but the Footsie ended the period more or less where it started it, as weak mining stocks continue to weigh on the index. ENRC, Lonmin and Kazkhmys remain the big losers in the mining sector as base metal prices retreat. BP is still under the cosh
Read moreEXTRA CREDIT: SEC Rule Change Makes Putables More Popular
25th Jun 2010 12:35
(This article was originally published Thursday.) By Anusha Shrivastava A DOW JONES NEWSWIRES COLUMN NEW YORK (Dow Jones)--A recent rule change by the Securities and Exchange Commission has led to the resurgence of a debt instrument called step-up certificates of deposit, or putables.
Read moreLondon midday: Stormy weather for BP
25th Jun 2010 12:01
Mining stocks and BP have combined to spoil what was a firm start by London's blue-chip stocks, with even the weather now appearing to have it in for the beleaguered UK oil giant. Mining stocks such as ENRC, Lonmin and Kazkhmys suffer chunky falls but these are dwarfed by BP shares, which are havin
Read moreMARKET TALK: Basel Adjustments Particularly Good For UK Banks
25th Jun 2010 10:51
0951 GMT [Dow Jones] Reports of adjustments to Basel III proposals would be particularly positive for UK banks, says Deutsche Bank. Notes reports that the Bank for International Settlements could be dropping its proposals for the net stable funding ratio at the G20 meeting, and that pension deficit
Read moreMARKET TALK: UK Bank Stocks Rise; Basel III In Focus
25th Jun 2010 09:16
0816 GMT [Dow Jones] Bank stocks lead the gains in London as speculation rises that the Basel Committee will present a modified version of Basel III at the G20 meeting, this weekend. Traders note reports that the document is likely to present watered down proposals. Commenting on the speculation, E
Read more