European Bank ADRs Little Changed After Stress Tests
23rd Jul 2010 18:09
By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of European banks trading in the U.S. were little changed following results of the European stress test, which showed the large majority of the companies passed the examinations. The stress test results, intended to rest
Read moreAT A GLANCE: Summary Of UK Bank Stress Test Results
23rd Jul 2010 17:53
LONDON (Dow Jones)--European authorities Friday released the results of stress tests on the 91 major banks in the region. The test, carried out by the European Union's Committee of European Banking Supervisors, examined the balance sheets of the banks, their compliance with capital rules and how
Read moreUK FSA: UK Banks Pass Europe-Wide Stress Test
23rd Jul 2010 17:48
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K.'s four banks that underwent a Europe-wide stress test on their balance sheets have passed, the country's financial regulator said late Friday. Barclays PLC (BCS), HSBC Holdings PLC (HBC), Royal Bank of Scotland Group P
Read moreSeven banks fail European stress test
23rd Jul 2010 17:14
EU lenders have been given a largely clean bill of health when European banking regulators released the results of their so-called stress test on Friday. According to the eagerly anticipated results, 84 out of the tested 91 European banks would be able to cope with future economic blow-ups. German
Read moreLondon 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 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 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 moreBank stress test pandemonium expected
23rd Jul 2010 08:38
No nipping off on holiday for bank analysts this weekend, as today sees the publication of the results of how ninety-one European banks would fare if another economic crisis blew-up. The Committee of European Banking Supervisors (CEBS) said the stress tests assumes a double-dip recession with the e
Read more4thUPDATE:Dubai World $23.5B Debt Talks End, No Deal In View
22nd Jul 2010 15:32
(Adds comments.) By Oliver Klaus, Summer Said and Tahani Karrar-Lewsley Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--A long awaited meeting between Dubai World and its creditors ended Thursday with little hope of an immediate agreement to restructure $23.5 billion of the conglomerate's
Read moreUPDATE: 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
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