UK's Great Rolling Stock Company Prices GBP800M 2-Part Bond
14th Jul 2010 09:39
LONDON (Dow Jones)--The Great Rolling Stock Company has priced a GBP300 million bullet bond and a GBP500 million amortizing bond via lead managers Lloyds Banking Group PLC, Goldman Sachs Group Inc. and the Royal Bank of Scotland Group PLC, one of the banks leading the deal said Wednesday. Terms
Read moreADR REPORT: Shares Climb On Strong Start To Earnings Season
13th Jul 2010 21:28
By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York ended broadly higher Tuesday after better-than-expected earnings from early bellwethers boosted sentiment. Upbeat quarterly results from aluminium giant Alcoa Inc. (AA) and railroad o
Read more2nd UPDATE: Lloyds Sells GBP550M Worth Of UK SME CLO Bonds
13th Jul 2010 18:03
(Adds detail, background) by Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Lloyds Banking Group PLC (LLOY.LN) of the U.K. has sold bonds worth nearly GBP550 million backed by loans to U.K. small and medium-sized enterprises, in the latest sign that the market for bonds backed by
Read moreBuyers Offered EUR850M Finance In Picard Surgeles Sale-Sources
13th Jul 2010 18:00
By Carol Dean Of Dow Jones Newswires LONDON (Dow Jones)--Potential buyers of BC Partners' French frozen food company, Picard Surgeles, are being offered staple finance of EUR850 million in the sale of the business that is likely to be valued around EUR1.5 billion, said people familiar with t
Read moreUPDATE:Lloyds Sells EUR235M,GBP350M Of Bonds Backed By UK SME Loans
13th Jul 2010 16:58
(Adds details) by Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Lloyds TSB Bank PLC, part of Lloyds Banking Group PLC (LLOY.LN) of the U.K., has sold bonds worth nearly GBP550 million backed by loans to U.K. small and medium-sized enterprises, a Lloyds spokeswoman said Tuesday.
Read moreLloyds 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
Read moreUK'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
Read moreLondon 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
Read moreLondon 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
Read moreLondon 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
Read moreLondon 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
Read moreKent 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
Read moreSunday 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
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 moreHydroDec: 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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