London midday: Stocks tread water
5th Jul 2010 12:17
The London stock market ended the morning little changed, with the general air of lethargy reinforced by the absence of any directional input from the US market, which is closed today. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds un
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 10:35
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0935 GMT [Dow Jones] Lloyds Banking Group's (LYG) sale of a portfolio of 40 private equity investments to a joint venture wit
Read moreMARKET TALK: Lloyds Banking Group Pvt Equity Sales Welcomed
5th Jul 2010 10:35
0935 GMT [Dow Jones] Lloyds Banking Group's (LYG) sale of a portfolio of 40 private equity investments to a joint venture with Coller Capital "offers further confidence of a sharp fall in 2010e impairments," says Exane BNP Paribas analyst Ian Gordon, who expects a reduction of around 44% in 2010 imp
Read moreLondon open: Slow start for Footsie
5th Jul 2010 08:42
Early gains for Footsie have disappeared quickly in the face of a poor start for the miners and the absence later on of Wall Street, closed for Independence Day. BP is one of the gainers on reports the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 08:28
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0728 GMT [Dow Jones] Lloyds Banking Group's (LLOY.LN) disposal of a portfolio of 40 private equity investments in its Bank of
Read moreMARKET TALK: Lloyds Disposal Consistent With Strategy - Shore
5th Jul 2010 08:28
0728 GMT [Dow Jones] Lloyds Banking Group's (LLOY.LN) disposal of a portfolio of 40 private equity investments in its Bank of Scotland [BoS] Integrated Finance business is consistent with the group's strategy and is structured to allow Lloyds to share in future investment upside, says Shore Capital.
Read moreUPDATE: Lloyds Banking Sells Private Equity Portfolio
5th Jul 2010 08:19
(Adds detail.) By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Lloyds Banking Group PLC (LYG) Monday said it will receive GBP332 million by selling a portfolio of private equity investments to a new joint venture in which it will keep a minority stake, as part of the 41%-sta
Read moreLondon pre-open: Footsie targets tiny gain
5th Jul 2010 07:37
It's looking like a quiet and nervy start for London as US stocks struck a new low for 2010 in very late trade Friday. Any moves will be locally-led in the absence of Wall Street, closed for Independence Day. Futures prices indicate a 4-point gain in early trade. The Dow Jones closed down 46 on Fri
Read moreLloyds Banking To Get GBP332M Cash In Private Equity Venture
5th Jul 2010 07:32
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Lloyds Banking Group PLC (LYG) Monday said it will receive GBP332 million by selling a portfolio of private equity investments to a new joint venture in which it will keep a minority stake, as part of the 41%-state owned bank's pla
Read moreLloyds Banking Group Sells Bank Of Scotland Integrated Finance
5th Jul 2010 07:14
LONDON (Dow Jones)--Lloyds Banking Group PLC (LLOY.LN), a financial services group, said Monday it is selling a portfolio of 40 private equity investments in its Bank of Scotland Integrated Finance business to a new joint venture called Cavendish Square Partners LP. MAIN FACTS: -The new join
Read moreLloyds raises £332m through sale
5th Jul 2010 07:06
Part-nationalised lender Lloyds Banking Group is offloading a portfolio of 40 private equity investments in its Bank of Scotland Integrated Finance (BoSIF) unit to a newly formed joint venture. The new joint venture, called Cavendish Square Partners LP, will be majority owned by private equity inve
Read moreLloyds Bank Pressed To Sell Scottish Widows - Newspaper
4th Jul 2010 11:27
LONDON (Dow Jones)--Lloyds Banking Group PLC (LLOY.LN), 40%-owned by the U.K. government, is under pressure from shareholders to sell its Scottish Widows insurance business, which could raise about GBP7 billion, The Observer newspaper reports Sunday, citing some unidentified shareholders. Invest
Read morePRESS RELEASE: Moody's Downgrades The Class A Cmbs Notes Issued By Epic (Drummond) Limited To Aa3
2nd Jul 2010 15:31
The following is a press release from Moody's Investors Service: EUR 871 million of EMEA CMBS affected London, 02 July 2010 -- Moody's Investors Service has downgraded the Class A Notes issued by Epic (Drummond) Limited (amount reflects initial outstandings): EUR871.175M Class A Floating Rate N
Read morePRESS RELEASE: Moody's Downgrades The Class A -2-
2nd Jul 2010 15:31
for defaulted loans, Moody's anticipates a substantial amount of losses on the securitised portfolio. In addition, the likelihood of higher than expected losses on the portfolio has increased substantially, resulting in a downgrade of the most senior class of Notes. Country Risk. In its country ris
Read moreUK's Great Rolling Stock Company Plans Roadshow For Debut Bond
2nd Jul 2010 09:56
LONDON (Dow Jones)--The Great Rolling Stock Company Ltd. is planning a roadshow next Tuesday through Thursday for a debut bond issue under its GBP4 billion financing program, one of the banks running the sale said Friday. Lloyds Banking Group PLC, Goldman Sachs Group Inc. and the Royal Bank of S
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