UPDATE: Autonomy's Earnings Miss Views Sending Shares Lower
22nd Jul 2010 09:13
(Rewrites, adds analyst comment) By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. software group Autonomy Corp. PLC (AU.LN) slightly missed expectations for second-quarter earnings Thursday and posted disappointing margins, sending its shares sharply lower on the Lond
Read moreBSkyB Sells Easynet Global Services For GBP100M
21st Jul 2010 16:21
LONDON (Dow Jones)--British Sky Broadcasting Group PLC (BSY.LN), a pay television provider, announced Wednesday it has reached an agreement over the proposed sale of its business-to-business telecommunications operation, Easynet Global Services, to LDC, a U.K. private equity company for GBP100 milli
Read moreUK Government Urged To Lay Basis For Low-Carbon Growth -FT
21st Jul 2010 07:45
LONDON (Dow Jones)--Business leaders from some of the U.K.'s leading companies have backed the government's drive to persuade the European Union to adopt tougher measures to cut carbon emissions, the Financial Times reports Wednesday. The chairmen and chief executives from 27 companies, includin
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 moreUK SMALLCAP ROUNDUP: PIRC Opposes Cranswick Election And Pay
20th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CRANWSICK PLC (CWK.LN) shareholders should oppose the re-election of executive chairman Martin Davey as well as the remuneration report, investor advisor
Read moreUK SMALLCAP ROUNDUP: Findel Sinks As Review Widens
20th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps FINDEL PLC (FDL.LN), a home shopping firm and supplier of education products, Tuesday said it launched a wide-ranging review of all its units after accou
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 moreAIR SHOW: UK Cable: New Bank Lending Targets Still An Option
19th Jul 2010 14:34
FARNBOROUGH, England (Dow Jones)--U.K. Business Secretary Vince Cable confirmed Monday that the new government is considering imposing lending targets on the part nationalized banks from next year but said that is only one option available. In comments to Dow Jones Newswires on the sidelines of
Read moreCable lambasts banks again
19th Jul 2010 12:33
Business secretary Vince Cable has launched another broadside at the UK banks, accusing them of ripping off their customers and misleading comments over small business borrowers. In an interview with the BBC, Cable said customers were suffering as competition between the banks had had been affected
Read moreUPDATE: UKFI Hires BofA Merrill's O'Neil To Oversee Bank Stakes
19th Jul 2010 10:50
(Adds details.) By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. Financial Investments Ltd., the U.K. government body that manages the state's financial sector holdings, Monday said Jim O'Neil is joining from Bank of America Merrill Lynch to oversee its 41% stake in Ll
Read moreUKFI Hires BofA Merrill's O'Neil To Oversee Lloyds,RBS Stakes
19th Jul 2010 10:24
LONDON (Dow Jones)--U.K. Financial Investments Ltd., the U.K. government body that manages the state's financial sector holdings, Monday said Jim O'Neil is joining from Bank of America Merrill Lynch to be head of market investments. In the job, he will be responsible for overseeing UKFI's 41% st
Read moreDebenhams Refinances Debt With New GBP650M Credit Facility
19th Jul 2010 07:29
By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. department store chain Debenhams PLC (DEB.LN) said Monday it has completed its debt refinancing with a new GBP650 million credit facility, which was well received by investors. Debenhams said "demand for the facility wa
Read moreFinancial News: Coller Plots $5B Fundraising Return
19th Jul 2010 01:01
By Paul Hodkinson Of FINANCIAL NEWS Coller Capital, one of the world's largest secondaries firms, is set to return to fundraising in the autumn with a target of about $5 billion, according to investors. The firm's existing fund passed its 75% investment threshold--the point at which firm
Read moreADR REPORT: Shares Fall Broadly On Economic Outlook
16th Jul 2010 21:51
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York tumbled across the board on discouraging U.S. earnings reports and growing concerns about the economic outlook. The Bank of New York index of ADRs sank 3.1% to 119.61. The fina
Read moreSector movers: BP lifts oil stocks
16th Jul 2010 17:54
BP lifted the oil sector after saying that it yesterday succeeded in stopping the flow of oil pouring into the Gulf of Mexico for the first time in three months. The shutdown is part of an "integrity test" to see if the leaking wellhead can finally be contained. The test started last night and will
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