Sector 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
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
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