Tuesday newspaper round-up: Budget, Sainsbury's, Jupiter
22nd Jun 2010 06:28
George Osborne will claim today that the harshest Budget for 30 years will squeeze the rich more than it hits the poor. The Chancellor will seek to sell his package of record spending cuts and tax rises as being stamped by fairness as he tries to win public support for a four-year austerity drive.
Read moreBridges Ventures, Chancerygate Invest In London Student Housing
21st Jun 2010 17:29
LONDON (Dow Jones)--Bridges Ventures Tuesday said it has invested in a student housing development in East London, the second investment the fund has made from its Bridges Sustainable Property Fund, which launched November. Bridges has partnered with real estate investor Chancerygate for its lat
Read moreCitic Bank Prices $500M 10-Yr Notes At 362.5 Bps Over Treasurys
21st Jun 2010 16:31
NEW YORK (Dow Jones)--Citic Bank International Ltd., the Hong Kong unit of China Citic Bank Corp. (0998.HK, 601998.SH), priced $500 million in 10-year U.S.-dollar-denominated subordinated bonds at 362.5 basis points over comparable Treasurys. That was the tight end of guidance, which was set at 362.
Read moreNorth Rhine-Westphalia Prices EUR1B 2.125% 5Y Bond At 99.667
21st Jun 2010 16:22
LONDON (Dow Jones)--The German state of North Rhine-Westphalia has priced a EUR1 billion bond offering, via joint lead-managers Barclays PLC, Deutsche Bank AG, Landesbank Baden-Wuerttemberg, UniCredit SpA, and WestLB AG, with the following terms, one of the banks said Monday: Amount: EUR1
Read moreCiti Private Bank Adds Investment Counselor in Chicago
21st Jun 2010 14:25
By Thomas Coyle Of DOW JONES NEWSWIRES Citi Private Bank has hired former Barclays Wealth private-investment manager Stacy Devine as an investment counselor in Chicago. She will report to Michael Persinski, head of investments of the private bank's eastern U.S. region. Devine was wit
Read moreResolution, AXA UK May Ink GBP2.75B Deal This Week - Source
21st Jun 2010 13:36
By Vladimir Guevarra Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Resolution Ltd (RSL.LN), the consolidation vehicle of U.K. entrepreneur Clive Cowdery, and French insurer AXA SA (CS.FR) are expected this week to announce a GBP2.75 billion deal for Resolution to buy AXA's U.K. life operations,
Read moreMARKET TALK: Bernstein Cuts Barclays Price Target
21st Jun 2010 11:00
1000 GMT [Dow Jones] Bernstein cuts Barclays (BARC.LN) price target to 370p from 410p, leaving at outperform. Says the weakness in 1Q '10 and sharp slowdown in fixed income in 2Q '10 reduces the brokerage's confidence that the bank should be able to deliver the strong revenue share growth it previou
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jun 2010 11:00
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] 1000 GMT [Dow Jones] Bernstein cuts Barclays (BARC.LN) price target to 370p from 410p, leaving at outperform. Says the wea
Read moreConsortium Raises SMK400 Bln For SABMiller's ZamBrew - I-Net
21st Jun 2010 10:57
JOHANNESBURG (I-Net Bridge)--A consortium consisting of Absa Capital/Barclays Bank Zambia PLC, Citibank N.A. and Standard Chartered Bank Zambia PLC acted as joint bookrunners and mandated lead arrangers for the raising of 400 billion Zambian kwacha term and revolving credit facilities on behalf of Z
Read moreAbbey Hires Banks For 4-Year Euro Covered Bond
21st Jun 2010 10:52
LONDON (Dow Jones)--U.K. lender Abbey PLC, part of Banco Santander SA (STD), has hired Barclays PLC, JP Morgan Chase & Co, Natixis, and Santander to act as joint-lead managers on a four-year, euro-denominated covered bond transaction, one of the banks said Monday. The size of the deal has yet to
Read moreMARKET TALK: Stress Test Results "A Positive Catalyst"- Nomura
21st Jun 2010 09:46
0846 GMT [Dow Jones] The planned publication of the results of so-called 'stress tests' on European banks could be "a positive catalyst," to increase confidence in the sector's solvency, says Nomura, assuming the exercises make sufficiently conservative loss assumptions and are transparent enough to
Read moreNorth Rhine-Westphalia Hires Banks For 5-Year Euro Benchmark Bond
21st Jun 2010 09:42
LONDON (Dow Jones)--The German state of North Rhine-Westphalia has hired Barclays PLC, Deutsche Bank AG, Landesbank Baden-Wuerttemberg, UniCredit SpA, and WestLB AG as joint-lead managers on its planned five-year, euro-denominated, benchmark bond, one of the banks said Monday. Price guidance has
Read more3rd UPDATE: Busy Day In US Corporate Debt, Led By China News
21st Jun 2010 00:02
(Updates with final deal sizes and prices.) By Katy Burne and Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Financial service businesses, including two Asian banks, led a new wave of bond offerings by investment-grade companies on Monday, as China's decision to loosen its
Read moreJudge Holds Up AbitibiBowater Financing Over Fairfax Release
18th Jun 2010 21:58
By Eric Morath Of DOW JONES DAILY BANKRUPTCY REVIEW A bankruptcy judge on Friday refused to approve a $500 million financing deal for AbitibiBowater Inc. (ABWTQ) as long as that deal grants key investor Fairfax Financial Holdings Ltd. (FRFHF) immunity from a possible legal challenge. Judg
Read moreIADB Sells $2.5B, 5Y Bonds At Midswaps Benchmark +10 BP
18th Jun 2010 18:54
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The Inter-American Development Bank sold $2.5 billion in five-year bonds with a 2.250% semi-annual coupon at a price of 99.426 to yield 2.125%, or a spread of 10 basis points over Midswaps. The joint bookrunners were J.P. Morgan, Mor
Read more