Lloyds In Talks To Sell GBP140M Of Retail Assets - Report
25th Jul 2010 14:14
LONDON (Dow Jones)--Lloyds Banking Group PLC (LLOY.LN) is in talks to sell GBP140 million of retail assets, the Mail on Sunday reports, without citing sources. It adds that Legal & General Property may buy the assets, but says other parties have also held talks over the assets sale. The 'LXB
Read moreBroker tips: Insurers, Domino's Pizza, Falkland Oil
12th Jul 2010 13:27
With the results season for insurers about to kick off now might be a good time to invest in Legal and General (L&G) and Aviva, suggests Nomura Securities, with both companies likely to report strong cash generation and earnings to support their handsome dividend yields. Nomura is forecasting that
Read moreBroker snap: Nomura sees L&G and Aviva divi growth
12th Jul 2010 10:57
With the results season for insurers about to kick off now might be a good time to invest in Legal and General (L&G) and Aviva, suggests Nomura Securities, with both companies likely to report strong cash and earnings to support their handsome dividend yields. Nomura is forecasting that L&G will bu
Read morePermira Takes A Look At Vue Cinemas - Source
9th Jul 2010 17:10
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--London-based buyout firm Permira is interested in buying Vue Entertainment, the cinema chain that forms part of the assets sold earlier this week by Lloyds Banking Group PLC (LYG) to Coller Capital, a person familiar with the situ
Read moreUPDATE: Fulcrum Eyes Bigger Slice Of Connections Market
9th Jul 2010 14:11
(Adds detail.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Fulcrum Utility Services Ltd. (FCRM.LN) Friday said it intends to use GBP11 million raised in its recent admission to London's junior Alternative Investment Market to boost its share of the market for connecting b
Read moreFTSE 100 movers: Banks move higher
23rd Jun 2010 14:13
The banks are rising again today even though they were hit by a new tax yesterday. Royal Bank of Scotland and Lloyds are both higher. BP is also heading higher now that Bob Dudley is taking control of the day-to-day handling of the Gulf of Mexico oil leak crisis from chief executive Tony Hayward.
Read moreFidelity To Demand Prudential Chairman Resignation -Newspaper
20th Jun 2010 12:19
LONDON (Dow Jones)--U.S. fund management group Fidelity is to demand Monday the resignation of Harvey McGrath, Chairman of U.K. insurance group Prudential PLC (PRU.LN), the Sunday Times reports without citing sources. The newspaper says a group of shareholders are also thought to be sounding out
Read moreBP Shares Gain In Mildly Higher FTSE 100
18th Jun 2010 11:55
By Sarah Turner Of MARKETWATCH BP shares gained in British share trading on Friday, paring a fraction of the steep losses made since the explosion that sparked a massive oil spill in the Gulf of Mexico. BP (BP) climbed 4% to 374 pence, taking losses since the explosion on April 20 to 4
Read moreMarwyn Buys Gas Transport Business From National Grid
17th Jun 2010 09:03
LONDON (Dow Jones)--Investor Marwyn Investment Management LLP Thursday said it has bought a loss-making gas transport business from National Grid PLC (NG.LN) and intends to bring it to London's junior Alternative Investment Market with a GBP11 million fundraising. Marwyn said it plans to turn th
Read moreBroker tips: Pru, BSkyB, N. Brown
16th Jun 2010 13:10
The determination by the management of Prudential to boost the company's presence in Asia may pay off in the long term for the insurer but Nomura Securities thinks that insurers with a greater UK focus than the Pru may do better in the near to medium term. Although Nomura agrees with the convention
Read moreBroker snap: Nomura neutral on the Pru
16th Jun 2010 11:47
The determination by the management of Prudential to boost its presence in Asia may pay off in the long term for the insurer but Nomura Securities thinks that insurers with a greater UK focus than the Pru may do better in the near to medium term. Although Nomura agrees with the conventional wisdom
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
16th Jun 2010 10:29
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0929 GMT [Dow Jones] Nomura reinitiates coverage of Prudential (PRU.LN) at neutral and raises the price target to 700p fro
Read moreMARKET TALK: Nomura Reinitiates Pru At Neutral; Lifts Target
16th Jun 2010 10:29
0929 GMT [Dow Jones] Nomura reinitiates coverage of Prudential (PRU.LN) at neutral and raises the price target to 700p from 680p. Continues to view its Asian franchise as highly attractive but thinks the market already recognizes this. In contrast, thinks Legal & General (LGEN.LN) and Aviva (AV.LN)
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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