Lloyds Sells EUR235M Of Triple-A Bonds Backed By UK SME Loans

13th Jul 2010 16:36

LONDON (Dow Jones)--Lloyds TSB Bank PLC, part of Lloyds Banking Group PLC (LLOY.LN) of the U.K., has priced a collateralized loan obligation, or CLO, issue, backed by loans to U.K. small and medium-sized enterprises, a Lloyds spokeswoman said Tuesday. EUR235 million of triple-A rated bonds were

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UK's Great Rolling Stock Company Plans Two-Part Sterling Bond

13th Jul 2010 09:49

LONDON (Dow Jones)--The Great Rolling Stock Company Ltd. plans to sell a two-part sterling bond issue via lead managers Lloyds Banking Group PLC, Goldman Sachs Group Inc. and the Royal Bank of Scotland Group PLC, one of the banks said Tuesday. The deal will comprise a 10-year sterling bond with

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London close: BP rally lifts Footsie

12th Jul 2010 16:38

BP was in the driving seat, helping Footsie to good gains as the oil giant's shares rallied on the back of bid talk and hopes that the beginning of the end of the Gulf of Mexico oil leak is in sight. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago

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London afternoon: Resource stocks hog the action

12th Jul 2010 14:24

Footsie kicked on over the lunch time session despite mining stocks continuing to be a drag on the index. Expectations of a firm start on Wall Street boosted sentiment while speculative buying has seen BP add to the morning's gains. BP said the cost of the clean-up in the Gulf of Mexico has risen t

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London midday: BP a bright spot in lacklustre Footsie

12th Jul 2010 12:01

Shares in BP have jumped on takeover talk and hopes that it is making progress as it caps the oil leak in the Gulf of Mexico, but Footsie is little changed overall. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, alt

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London open: A struggle after bright start

12th Jul 2010 08:45

London is struggling to hold onto its bright start despite a good morning for shares in beleaguered oil giant BP. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, although some say that figure could eventually hit $70

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Kent Reliance confirms Flowers deal

12th Jul 2010 08:05

Building society Kent Reliance has confirmed talks are underway with US private equity firm JC Flowers, which intends to use it to create a new force in UK high street banking. Flowers will invest £50m for a 49% stake in a new holding company. Under the deal, the building society will remain a mutu

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Sunday newspaper round-up: BP, Lloyds, Daily Mail

11th Jul 2010 11:03

BP is in exclusive talks to sell up to $12bn (£8bn) of assets to Apache Corporation, an American rival, including a big stake in Alaska's Prudhoe Bay, the largest oil field in North America, the Sunday Times reports. Apache approached BP with the plan a few weeks ago. Negotiations are under way ove

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Permira 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

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HydroDec: Lloyds Banking Holds No Voting Rights

9th Jul 2010 16:38

LONDON (Dow Jones)--HydroDec Group PLC (HYR.LN), said Friday that Lloyds Banking Group PLC (LLOY.LN), is no longer interested in the company's voting rights -Shares traded Friday at 8.88 pence, valuing the company at GBP27.10 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9

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Ashley House: Lloyds Banking Group Holds No Voting Rights

9th Jul 2010 16:29

LONDON (Dow Jones)--Ashley House PLC (ASH.LN), said Friday that Lloyds Banking Group PLC (LLOY.LN), was no longer interested in the company's voting rights. -Shares traded Friday at 37.0 pence, valuing the company at GBP20.59 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9

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2nd UPDATE: Care UK Plans Bond To Finance Bridgepoint Buyout

9th Jul 2010 15:38

(Adds lead managers.) By Michael Wilson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Care UK Health and Social Care PLC, the parent company of Care UK Limited, plans to sell GBP250 million of seven-year senior secured bonds to finance the acquisition of the company by private-equity compan

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UPDATE: Care UK Plans Bond To Finance Bridgepoint Buyout

9th Jul 2010 11:01

(Adding roadshow timing, background.) By Michael Wilson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Care UK Health and Social Care PLC, the parent company of Care UK Limited, plans to issue GBP250 million of seven-year senior secured bonds to finance the acquisition of the company by priv

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Friday paper round-up: OBR, Pensions, British Airways

9th Jul 2010 06:35

The government's new tax and spending watchdog was plunged into fresh controversy last night after it was revealed that the Office for Budget Responsibility slashed its forecasts for expected job losses from George Osborne's austerity package in the days leading up to last month's budget, the Guardi

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CORRECT: New Venture To Bid For UK Government Bank Assets -Report

8th Jul 2010 17:33

("New Venture To Bid For UK Government Bank Assets -Report," at 1032 GMT, misstated the nature of the likely bid in the first and third paragraph. The correct version follows:) LONDON (Dow Jones)--The chairman of Lloyd's of London together with the man who last year led a review of corporate go

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