London close: Flat finish for Footsie
23rd Jul 2010 16:58
The day that was not without excitement, but shares were little changed overall amid uncertainty ahead of European banking stress tests due after the close. The best performing blue-chip was chip designer ARM Holdings . It was already higher, helped by strong results from US tech giant Microsoft ov
Read moreFTSE 100 movers: Banks fall back
23rd Jul 2010 15:40
HSBC and Standard Chartered are among the shares pulling Footsie lower as the banks await European stress test results. TUI Travel, which was rising earlier this week on the back of bid speculation, is being hit by profit-taking. A study by Co-op Travel suggests travel companies are slashing price
Read moreLondon afternoon: KNOC ups Dana bid terms
23rd Jul 2010 14:36
Leading blue-chips continue to drift lower with investors happy to bank the week's profits ahead of the week-end and the announcement of the results of the European banking stress tests at 5:00pm today. Not surprisingly, banks feature prominently among the losers with Standard Chartered, HSBC and L
Read moreSector movers: Microsoft results lift ARM
23rd Jul 2010 12:43
The sharp rise in ARM's share price has given the technology hardware and equipment sector a lift. The chip designer, whose results are out next week, is given a boost by bumper figures from US tech giant Microsoft last night. Microsoft uses ARM's intellectual property and has recently signed a mul
Read moreLondon midday: Equities in wait and see mode
23rd Jul 2010 12:13
Investors are keeping their powder dry ahead of the release of the European bank stress tests after the close of business today. Stocks are easier on balance, despite signs that the UK economy is picking up. Gross domestic product grew by 1.1% during the quarter according the Office of National St
Read moreHSBC and Total in energy trading alliance
23rd Jul 2010 12:13
HSBC has teamed up with French oil heavyweight Total to create new energy-specific over-the-counter (OTC) derivative products for its wealthy clients. Total Oil Trading (TOTSA), the trading arm of Total, will provide the expertise on dealing, while HSBC provides the client base and credit risk man
Read moreHSBC: Forms Energy Trading Alliance With Total Oil Trading
23rd Jul 2010 11:15
LONDON (Dow Jones)--HSBC Bank PLC (HBC) Friday said it had formed a partnership in energy trading with Total Oil Trading SA, or Totsa, the trading arm of French oil major Total SA (TOT). The partnership will enable HSBC to offer over-the-counter energy derivatives to its clients, HSBC said.
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
23rd Jul 2010 11:11
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100723/LTN20100723404.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires July 23, 2010 06:11 ET (10:11 GMT)
Read moreHSBC Bank Inks Strategic Alliance In Energy Trading With TOTSA
23rd Jul 2010 10:59
LONDON (Dow Jones)--HSBC Bank PLC said Friday it establishes a strategic alliance in energy trading with Total Oil Trading SA, or TOTSA, the trading arm of Total. MAIN FACTS: -The alliance will open up new segments of the markets to both partners and will enable HSBC to offer energy-specific
Read moreDSGI Prices GBP150 Million 8.75% 5-Year Bond At 99.007
23rd Jul 2010 10:59
LONDON (Dow Jones)--Electrical and computing retailer DSG International PLC (DSGI.LN) has priced its GBP150 million, five-year bond, a bank running the sale said Thursday. Barclays Capital, BNP Paribas SA, Citigroup Inc., HSBC Holdings and the Royal Bank of Scotland PLC were leading the deal, wh
Read moreMARKET TALK: Ten Out Of 91 Banks To Fail Stress Tests - Survey
23rd Jul 2010 09:10
0810 GMT [Dow Jones] Ten out of 91 institutions will not pass the European bank stress tests, according to a survey conducted by Goldman Sachs, which closed 24 hours before the 1600 GMT release of the results. Banks in Spain, Germany and Greece are expected to raise the most fresh capital. Meanwhile
Read moreLondon open: Footsie moves higher
23rd Jul 2010 08:55
London has shrugged off an early dip and is now making progress again following on Wall Street's rise last night on the back of good US company earnings. Banks are likely to be a focus for most of the day as the results of the European stress tests are unveiled. There is some confusion over exactly
Read morePRESS RELEASE: Moody's Places On Review For -2-
22nd Jul 2010 17:10
Investors Service Pty Limited ABN 61 003 399 657, which holds Australian Financial Services License no. 336969. This document is intended to be provided only to "wholesale clients" within the meaning of section 761G of the Corporations Act 2001. By continuing to access this document from within Aust
Read morePRESS RELEASE: Moody's Places On Review For Possible Downgrade Clo Notes Of Metrix Funding
22nd Jul 2010 17:10
The following is a press release from Moody's Investors Service: GBP 190 million of debt securities affected London, 22 July 2010 -- Moody's Investors Service announced today the following rating actions on notes issued by Metrix Funding No.1 plc. Issuer: Metrix Funding No 1 Plc ....GBP32M Cla
Read moreNational Grid Plans To Put Cash Toward Bond Buybacks
22nd Jul 2010 17:04
LONDON (Dow Jones)--National Grid (NG.LN) plans to use part of its cash pile to buy back up to EUR450 million of its shorter-dated bonds, as "the group is very long cash at the moment after a recent rights issue, so retiring these bonds makes efficient use of our cash," a company spokesperson said T
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