UPDATE: Tesco Plans Benchmark Commercial Mortgage Bond
29th Jun 2010 14:12
(Adds background.) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. retailer Tesco PLC (TSCO.LN) is planning to issue a benchmark bond backed by a commercial mortgage loan, a banker involved in the deal said Tuesday. The collateral for the loan is the leasehold intere
Read moreTesco Plans Benchmark Commercial Mortgage Bond
29th Jun 2010 13:46
LONDON (Dow Jones)--U.K. retailer Tesco PLC (TSCO.LN) is planning to issue a benchmark bond backed by a commercial mortgage loan, a banker involved in the deal said Tuesday. The collateral for the loan is the leasehold interest in 41 U.K. commercial properties, all of which are let to Tesco-rela
Read morePRESS RELEASE: Moody's Assigns Provisional Rating -2-
29th Jun 2010 12:33
WHATSOEVER. MIS, a wholly-owned credit rating agency subsidiary of Moody's Corporation ("MCO"), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MIS have, prior to assignment of any r
Read moreUPDATE: Knight Vinke Stake Continues To Buoy Kesa Shares
29th Jun 2010 12:33
(Updates and rewrites, adding detail.) By Molly Neal Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in retailer Kesa Electricals PLC (KESA.LN) continued to rise Tuesday amid speculation as to why activist investor Knight Vinke Asset Management LLC has built a stake in the company.
Read morePRESS RELEASE: Moody's Assigns Provisional Rating To Emea Cmbs Issued By Tesco Property Finance 3 Plc
29th Jun 2010 12:33
The following is a press release from Moody's Investors Service: GBP[950.15] million of EMEA CMBS rated London, 29 June 2010 -- Moody's Investors Service has assigned the following provisional long-term rating to the proposed issue of Tesco Property Finance 3 Plc: GBP[950.15] million Secured [_
Read moreKnight Vinke Stake Continues To Buoy Kesa Shares
29th Jun 2010 11:25
LONDON (Dow Jones)--Shares in retailer Kesa Electricals PLC (KESA.LN) continued to rise Tuesday amid speculation activist investor Knight Vinke Asset Management LLC could be pushing for a break-up of the company. At 1012 GMT Kesa's shares were up 2.9% at 126 pence in a lower London market, addin
Read moreBroker snap: StanChart preferred to HSBC
29th Jun 2010 08:59
Standard Chartered's recent trading statement indicated weaker revenue and cost trends than Nomura Securities was expecting but the broker continues to prefer the stock to fellow Asia-focused bank HSBC. Nomura said the underperformance was largely due to the normalisation of strong account income w
Read moreHK Bourse: Overseas Regulatory Announcement From Hsbc Hldgs Plc
29th Jun 2010 01:34
Following is the related link: http://www.hkexnews.hk/listedco/listconews/sehk/20100629/LTN20100629041.pdf Stock Code: 5 Source: Hong Kong Exchanges & Clearing (END) Dow Jones Newswires June 28, 2010 20:34 ET (00:34 GMT)
Read moreMARKET TALK: HK Short Sales Double Tuesday; 8.5% Of Mkt Total
29th Jun 2010 00:28
2328 GMT [Dow Jones] HK short-selling volume piled up yesterday afternoon amid A-shares-induced market weakness, with full-day volume at HK$5.024 billion vs HK$1.608 billion at interval. Overall volume more than doubled vs Monday, as percentage of market total sharply higher at 8.5% vs Monday's 5.5%
Read moreCORRECT(6/27): Business Leaders Urge G-20 To Focus On Sustaining Global Economy
28th Jun 2010 17:21
("=Business Leaders Urge G-20 To Focus On Sustaining Global Economy," published Sunday, incorrectly listed Archer Daniels Midland Co.'s Patricia Woertz as an attendee in paragraph 5. The correct version follows:) By Caroline Van Hasselt Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--A h
Read moreLondon close: Miners lift Footsie
28th Jun 2010 16:24
London's top stocks ended Monday's trading session with modest gains thanks to strong mining stocks. Footsie traded in and out of the blue during the day, largely mirroring the performance of BP's share price. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65
Read moreConsortium Closes In On HSBC Train Unit - Sources
28th Jun 2010 15:51
By Jessica Hodgson, Carol Dean and Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--A consortium consisting of Morgan Stanley's (MS) infrastructure fund, 3i Group's infrastructure fund (3IN.LN) and private equity fund Star Capital is the sole consortium conducting due diligence for
Read moreSector movers: Miners buoyant
28th Jun 2010 15:16
In a buoyant mining sector Kazakhmys has received a fillip from positive comment from Citigroup while FTSE 100 new entrant Essar Energy is wanted after JPMorgan Cazenove initiated coverage with an "overweight" rating. The banking sector is lower though a bullish note from Nomura is boosting Lloyds
Read moreLondon afternoon: Miners prop up Footsie
28th Jun 2010 14:16
The Footsie has been in retreat since shortly after ten this morning and dipped back into the red over the lunchtime session before limping back into positive territory, helped by the strength of mining stocks. The Footsie's performance largely mirrors that of the share price of oil giant BP, which
Read morePRESS RELEASE: HSBC Study: More U.S. Mid-Sized Companies Bolster Plans to Expand International Revenues
28th Jun 2010 13:34
***Nearly Three-Quarters of U.S. Respondents Plan to Increase Revenue Objectives*** *** Focus Shifts to Growing Sales as Cost-Cutting Slows *** NEW YORK--(BUSINESS WIRE)--June 28, 2010-- The new International Business Survey, released today by HSBC's Commercial Banking division, found that
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