PRESS RELEASE: Fitch Affirms Virgin Islands -2-
7th Jul 2010 22:34
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S
Read morePRESS RELEASE: Fitch Affirms Virgin Islands Cruzan Matching Fund Bonds at 'BBB'; Outlook Stable
7th Jul 2010 22:34
The following is a press release from Fitch Ratings: Fitch Ratings-New York-07 July 2010: Fitch Ratings assigns the following ratings to the Virgin Islands Public Finance Authority's (VIPFA) subordinated revenue bonds: --$42.2 million (Virgin Islands matching fund loan note-Cruzan project)
Read moreOn Dow Jones Investment Banker Today: Asia Spirits M&A, Daimler
2nd Jul 2010 16:08
LONDON (Dow Jones Investment Banker)--The following columns have been published exclusively on Dow Jones Investment Banker in recent days. Many Dow Jones Investment Banker columns contain spreadsheets, video, PDFs and other supporting material. To arrange access to the best of Dow Jones news and opi
Read moreBroker tips: Diageo, Autonomy, Micro Focus
2nd Jul 2010 11:40
Nomura Securities has welcomed the finalisation of a 10-year funding agreement on pensions by drinks group Diageo and thinks the deal could open the door for the company to consider accelerating return of cash to shareholders. With the ratio of net debt to earnings before interest, tax, depreciatio
Read moreBroker snap: Diageo could accelerate divi growth
2nd Jul 2010 09:34
Nomura Securities has welcomed the finalisation of a 10-year funding agreement on pensions by drinks group Diageo and thinks the deal could open the door for the company to consider accelerating return of cash to shareholders. With the ratio of net debt to earnings before interest, tax, depreciatio
Read moreHEARD ON THE STREET: Diageo Boosts Pension With Liquid Gold
1st Jul 2010 19:26
By Simon Nixon A DOW JONES COLUMN Got a hole in your pension fund? Diageo has come up with an innovative solution: fill it with whisky. The U.K.-listed spirits giant is to hand over GBP430 million worth of Scotch to its U.K. pension scheme to help cover a deficit last year valued at GBP862 m
Read more3rd UPDATE: Diageo To Flood Pension Deficit With Whisky
1st Jul 2010 17:10
(Adds details, comment.) By Michael Carolan and Molly Neal Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it will flood its GBP862 million pension deficit with whisky, as it becomes the latest U.K. company to use unusual assets to solve pens
Read moreLondon close: Late slump near close
1st Jul 2010 16:34
Leading UK shares lurched downwards near the close as US markets opened poorly as concern grows over the health of Asia and the prospect of a double-dip recession. BP and satellite group Inmarsat were the only blue chips to make progress. BP shares have been on a roll ever since JPMorgan Cazenove i
Read moreLondon afternoon: BP rises again
1st Jul 2010 14:37
Leading shares moved sideways over the lunch time session, with the Footsie staying in the red despite a surge by beleaguered oil giant BP. BP is close to emulating the 5% rise it achieved yesterday. The shares have been on a roll ever since JPMorgan Cazenove indulged in what it called "fantasy M&A
Read more2nd UPDATE: Diageo To Flood Pension Deficit With Whisky
1st Jul 2010 13:28
(Adds detail and comment.) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it will flood its GBP862 million pension deficit with whisky, in the latest example of companies using existing assets to solve pension headaches.
Read moreLondon midday:Stocks pare losses
1st Jul 2010 12:11
Leading shares finished the morning session well above their low levels though the Footsie remained in arrears on lingering fears about a slowdown in economic growth in China and concerns over Spain's sovereign debt after ratings agency Moody's said it was considering lowering its rating by a notch
Read moreUPDATE: Diageo To Use Maturing Whisky To Plug Pension Gap
1st Jul 2010 11:09
(adds detail) By Michael Carolan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Global drinks giant Diageo PLC (DEO) said Thursday it's transferring more than 2 million barrels of its maturing whisky to its pension fund as it seeks to plug its GBP862 million pension deficit. The company
Read moreLondon open: Stocks deep in the red
1st Jul 2010 08:58
London's top stocks have started with hefty losses as sentiment was hit by a weak manufacturing report in China and warning by Moody's Investors Service that it may cut Spain's credit rating. Asian stocks were hit after China's purchasing managers' index fell to 52.1 in June from 53.9 a month earli
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
1st Jul 2010 08:11
Stocks on the fall 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] Diageo (DGE.LN) announces agreement with the UK Diageo Pension Scheme on a 10-year funding plan. Howe
Read moreMARKET TALK: Diageo Pension Funding Deal Cash Neutral - Shore
1st Jul 2010 08:11
0711 GMT [Dow Jones] Diageo (DGE.LN) announces agreement with the UK Diageo Pension Scheme on a 10-year funding plan. However, given that the company states that the impact of the new arrangement and the ongoing negotiations are expected to be cash neutral and for there to be no impact on the net as
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