Zetar FY10 Profit Surges On New Products; Strong Start To FY11
21st Jul 2010 08:55
LONDON (Dow Jones)--U.K. confectionery and snack foods company Zetar PLC (ZTR.LN) Wednesday announced a solid start to current year trading, as it posted a surge in 2010 fiscal-year pretax profit as a result of higher sales driven by cheaper ranges. Zetar, which makes Kinnerton chocolate and als
Read moreMARKET TALK: HK Short Sales Down 18.7% Midday; Angang Leads
21st Jul 2010 07:28
0628 GMT [Dow Jones] HK short-selling volume down 18.7% at HK$1.145 billion at interval, 3.8% of market's total volume vs 4.7% Tuesday's half-day, indicating bears reluctant to add positions as HSI extends gains (+0.6% midday). Angang Steel (0347.HK) leads with HK$84.57 million, then A50 (2823.HK) w
Read moreMARKET TALK: HK Short Sales Down 3.3% Wed; Angang Steel Tops
21st Jul 2010 00:39
2339 GMT [Dow Jones] HK short-selling volume down 3.3% at HK$2.434 billion Wednesday, 4.4% of market total volume, vs 4.9% Tuesday, suggests bears reluctant to add positions with HSI +2.0% over past 2 sessions. Angang Steel (0347.HK) leads with HK$193.22 million, China Life (2628.HK) with HK$110.02
Read moreUS Banks Pay Bulk Of GBP2.5B UK Bonus Tax, Hitting Earnings
20th Jul 2010 18:20
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.S. banks have paid the bulk of the U.K.'s GBP2.5 billion ($3.8 billion) bonus tax that was designed to curb excessive pay, hitting their second-quarter earnings while creating a windfall for the U.K.'s new government. Accordi
Read moreIDBI Bank Plans To Meet USD Bond Investors In July 26 Week - Sources
20th Jul 2010 12:41
MUMBAI (Dow Jones)--India's IDBI Bank (500116.BY) plans to meet potential investors in its U.S. dollar denominated bond program next week, three bankers involved in the matter said Tuesday, amid speculation that the bank may soon launch an issue. IDBI will hold a series of meetings with investor
Read moreMARKET TALK: HK Short Sales Down 15.3% Midday; HSBC Tops List
20th Jul 2010 07:23
0623 GMT [Dow Jones] HK short-selling volume down 15.3% at HK$1.408 billion at interval, 4.7% of market total volume, vs 7.0% Monday's half-day, as bears deterred with HSI's 1.4% rebound after recent falls. HSBC (0005.HK) leads with HK$129.51 million, then Agricultural Bank of China (1288.HK) with H
Read moreMARKET TALK: HK Short Sales Down 24.6% Tuesday; HSBC Tops List
20th Jul 2010 00:44
2344 GMT [Dow Jones] HK short-selling volume down 24.6% at HK$2.517 billion Tuesday, 4.9% of market's total volume, vs 7.6% Monday, as bears deterred by HSI's 0.9% rebound. HSBC (0005.HK) leads with HK$161.65 million, Agricultural Bank of China (1288.HK) with HK$120.56 million, A50 (2823.HK) with HK
Read moreUPDATE: UK Cable: New Bank Lending Targets Still An Option
19th Jul 2010 17:12
(Adds detail, context) By Laurence Norman and Jonathan Buck Of DOW JONES NEWSWIRES FARNBOROUGH, England (Dow Jones)--U.K. Business Secretary Vince Cable confirmed Monday the new government is still weighing up new lending targets for the part-nationalized banks but said that it is only o
Read moreUPDATE: Temasek Sets 2-Part GBP700M Sterling Bond Terms - Source
19th Jul 2010 14:55
(Updates pricing information) LONDON (Dow Jones)--Singapore's state investment company Temasek Holdings will price the GBP200 million, 12-year portion of its planned two-part sterling bond issue at 95 basis points over gilts, and the GBP500 million, 30-year portion at 90 basis points over gilts
Read moreCHINA VIEW: Picking Chinese Financial Stocks
19th Jul 2010 13:05
By Craig Stephen A DOW JONES COLUMN One spin going around on Agricultural Bank of China Ltd.'s (601288.SH, 1288.HK) underwhelming listing last week is that its inferior fundamentals to its peers are not a weakness. It just means more upside as the bank plays catch-up. No need to worry st
Read moreGETTING PERSONAL: HSBC Offshore Account Holders Get DOJ Visits
19th Jul 2010 12:36
(This article was originally published Friday.) By Arden Dale A DOW JONES NEWSWIRES COLUMN Some Americans who put their money in HSBC Holdings PLC (HBC, 0005.HK) accounts offshore can expect the Department of Justice to come knocking on the door--literally. The agency is sending its
Read moreTemasek Sets Guidance On Two-Part Sterling Bond Issue -Source
19th Jul 2010 11:59
LONDON (Dow Jones)--Singapore's state investment company Temasek Holdings has set price guidance on its two-part, sterling-denominated bond issue, a person familiar with the situation said Monday. The 12-year, GBP200 million bond is set to price between 97-100 basis points over gilts, while the
Read moreMARKET TALK: HK Short Sales +14.8% Midday; AgBank Tops List
19th Jul 2010 07:15
0615 GMT [Dow Jones] HK short-selling volume +14.8% at HK$1.663 billion at interval, 7.0% of market total vs 4.3% Friday's half-day, suggests HSI may fall more after 1.0% decline midday. Agricultural Bank of China (1288.HK) leads with HK$131.30 million, then HSBC (0005.HK) with HK$114.10 million, Ch
Read moreSpain's Santander Submits Bid For Poland's BZ WBK - Report
19th Jul 2010 06:39
WARSAW (Dow Jones)--Banco Santander SA (SAN.MC), Spain's largest bank by assets, has also submitted a bid for Poland's Bank Zachodni WBK SA (BZW.WA), a unit of Allied Irish Banks PLC (AIB), the daily Puls Biznesu reported Monday. Originally, Poland's two largest lenders--state-controlled PKO Ba
Read moreMARKET TALK: HK Short Sales Down 10.7% Monday; AgBank Leads
19th Jul 2010 00:44
2344 GMT [Dow Jones] HK short-selling volume down 10.7% at HK$3.336 billion Monday, but percentage of market's total volume higher at 7.6%, vs 6.1% Friday, as bears remain active with HSI's 0.8% fall, suggests near-term sentiment remains uncertain. Agricultural Bank of China (1288.HK) leads with HK$
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