PRESS RELEASE: Moody's Investors Service Has Assigned The Rating Of Aaa/Vmig 1 To The Barclays Capital Inc. (MUNI. DERIV.) Floating Rate Trust Receipts, Series 2010-40B
8th Jun 2010 15:52
The following is a press release from Moody's Investors Service: NEW YORK, June 8, 2010 -- Moody's Investors Service has assigned the rating of Aaa/VMIG 1 to the Barclays Capital Inc. (Muni. Deriv.) Floating Rate Trust Receipts, Series 2010-40B. The long-term portion of the rating on the trust cer
Read morePRESS RELEASE: Fitch Rates Houston, TX Combined Utility Sys CP Notes, Series B-4, B-5 & B-6
8th Jun 2010 15:27
The following is a press release from Fitch Ratings: Fitch Ratings-New York-08 June 2010: Fitch Ratings assigns the following ratings to the City of Houston, Texas' combined utility system commercial paper notes, series B (the notes): --'F1' to the $100,000,000 series B-4; --'F1+' to th
Read moreRentenbank Prices EUR1 Billion Five-Year 2% Bond At 99.986
8th Jun 2010 14:52
LONDON (Dow Jones)--German agribusiness development agency Rentenbank has priced its EUR1 billion, five-year bond at four basis points below midswaps, one of the banks running the sale said Tuesday. Barclays PLC, DZ Bank and UniCredit SpA were joint lead managers. Terms are as follows: Amou
Read moreLondon afternoon: Miners revival not enough
8th Jun 2010 14:40
Footsie staged a small revival over the lunch time session, helped by a recovery by mining stocks, but the majority of FTSE 100 constituents are still in the red with laggards outnumbering leaders by three to one. BP is again among the worst performers as US president Barack Obama said he'd sack t
Read moreMARKET TALK: Fixed-Income Party Like Its 2009
8th Jun 2010 14:11
9:11 (Dow Jones) The widening of credit spreads will likely rewind the fixed-income trading "movie" in the fall of 2010 that played out for Wall Street firms in 2009, Bernstein's Brad Hintz says. With short-term rates unlikely to rise until 2011, Hintz expects fixed-income, currencies and commoditie
Read moreLondon midday: Blue chips struggle
8th Jun 2010 12:35
Blue chips struggled all morning with BP under the cosh again and investors surprised by the retirement of Tesco boss Sir Terry Leahy. BP is again among the worst performers as US president Barack Obama said he'd sack the British company's chief executive Tony Hayward. In an interview with NBC to b
Read moreCORRECT: Rentenbank Plans EUR1 Bln Five-Year Bond At Swaps -0.03 Area
8th Jun 2010 08:33
("Rentenbank Plans EUR1 Bln Five-Year Bond At Swaps -0.05 Area," at 07:26 GMT, misstated price guidance in the first paragraph. The correct version follows:) LONDON (Dow Jones)--German agribusiness development agency Rentenbank is planning to issue a EUR1 billion, five-year bond, and has set p
Read moreFTSE 100 movers: Bank shares slump
25th May 2010 15:26
Concerns about the banking sector in the EU have hit Footsie and there are no risers today. The London Interbank Offered Rate has been rising because of worries about the health of the banking system. In Spain, regulators are plotting consolidation in the Spanish banking sector. Lloyds Banking,
Read moreLondon afternoon Markets in full-scale retreat
25th May 2010 14:35
Shares are in full-scale retreat around the World with the Dow over 250 points lower soon after the opening bell. London is lower by a similar amount in percentage terms, as concerns over a possible bail-out of Spain and growing military tensions between North and South Korea. Moves by Spanish reg
Read moreLondon midday: Prices bottom out
25th May 2010 12:02
The FTSE 100 dived below the 5,000 level in the first few minutes of trading and at one point in the morning session dipped briefly below 4,900 but prices have now stabilised. Though it is scant consolation, London is not alone in shifting violently into reverse gear, as increasing fears about a p
Read moreLondon midday: Footsie under pressure amid debt worries
14th May 2010 10:40
Shares are firmly in the red amid concerns that the European debt crisis has not been staved off and could hit company earnings. Consumer spending is likely to come under pressure as European governments - including the UK's - seek to address their difficult debt positions following the economic cr
Read moreLondon open: Poor start for Footsie
14th May 2010 08:44
London's top stocks have turned down after the late gains yesterday with banks again under pressure on concerns over the plans of the new government to curb their activities. Reports that the EU is to push through controversial new hedge fund regulations next week have also cast a cloud over the fi
Read moreCommission to press ahead with PPI ban
14th May 2010 08:18
The Competition Commission is to push ahead with a ban on the sale of payment protection insurance (PPI) alongside credit cards and personal loans. PPI is most often sold when a consumer takes out credit and the watchdog says that selling insurance at this point-of-sale gives the PPI supplier an u
Read moreLondon close: Blue chips make healthy gains
13th May 2010 16:33
London's top stocks rallied near the close to finish well up on the day as traders speculated on possible measures to cut the UK's debt burden. A VAT rise to 20% is a likely measure according to a group of economists questioned by the BBC. Justin King, chief executive of supermarket Sainsbury's,
Read moreLondon afternoon: Footsie still in the blue
13th May 2010 15:06
London's top stocks are easing down towards the close after a flat start on Wall Street and some calming down of the excitement over the plans of the new Conservative-Liberal government. The focus now is on just how they new government intends to get the UK's debt levels down, with a VAT rise to 20
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