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
Read more2nd 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
Read moreUPDATE: 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
Read moreFriday 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
Read moreCORRECT: 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
Read moreIPO WATCH: Ocado, New UK Bank Investment Fund Stoke Interest
8th Jul 2010 17:02
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Europe's market for initial public offerings was off to a slow start for the second half, as the approach of the traditional summer lull kept most potential issuers on the sidelines. Existing deals moving through the IPO proce
Read moreLondon close: Footsie powers forward
8th Jul 2010 16:59
Footsie's strong recovery continued for a third day with the blue chip index closing above 5,100 driven by buoyant financial services companies. The index is up by more than 300 points this week and to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's
Read moreFTSE 100 movers: Banks move higher
8th Jul 2010 15:21
Financials are pushing Footsie higher. Growing optimism about the European bank stress tests and yesterday's forecast upgrade by American peer State Street had buyers all over Lloyds Banking, Royal Bank of Scotland and Barclays. All three banks will be stress tested by the EU. Royal Dutch Shell
Read moreLondon afternoon: Footsie on fire
8th Jul 2010 14:13
Bullish banks and rising commodity prices have sparked a fresh rally, taking this week's recovery near to 300 points and the leading index to its highest in nine days. Growing optimism about the European bank stress tests and yesterday's forecast upgrade by American peer State Street had buyers all
Read moreNew Bank Bid Vehicle To List On LSE In Weeks - Source
8th Jul 2010 12:48
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Two city heavyweights are behind a new bank bid vehicle expected to list on the London Stock Exchange within weeks and buy up banking assets being sold by U.K. banks, a person familiar with the situation told Dow Jones Newswires
Read moreLondon midday: Banks buoyed by IMF report
8th Jul 2010 12:03
Leading shares resumed their upward trek late in the morning session, with banks leading the advance ahead of the announcement of the Bank of England's rate decision announcement. The Bank kept interest rates unchanged at 0.5%, as expected Buyers have been chasing bank prices higher after the Inter
Read moreNorth Atlantic Smaller: Lloyds Banking Holds No Voting Rights
8th Jul 2010 11:55
LONDON (Dow Jones)-- North Atlantic Smaller Companies Investment Trust PLC(NAS.LN, said Thursday that Lloyds Banking Group PLC (LLOY.LN), is no longer interested in the company's voting rights. -Shares at 1055 GMT up 12.50 pence, or 1.32%, at GBP960 pence, valuing the company at GBP143.27 milli
Read moreMARKET TALK: EU Banks Sentiment Seen Upbeat Ahead Of Tests
8th Jul 2010 10:34
0934 GMT [Dow Jones] Market sentiment toward the European banking sector is likely to continue to be supported in the run-up to the July 23 publication of the results of stress tests, as banks will obviously been keen to leak early if they know they have passed, says TD Securities strategist Richard
Read moreNew Venture To Bid For UK Government Bank Assets - Report
8th Jul 2010 10:32
LONDON (Dow Jones)--The chairman of Lloyd's of London together with the man who last year led a review of corporate governance in the banking sector are backing plans by institutions to buy one of the banks owned by U.K. taxpayers, Sky News reports Thursday. Lord Peter Levene and Sir David Walke
Read moreEuropean Banks Facing Stress Tests Named
8th Jul 2010 10:27
LONDON (Dow Jones)--The Committee of European Banking Supervisors has released the list of 91 European Union banks subject to stress tests. Results of the tests, both in aggregate and on a bank-by-bank basis, will be released July 23. The banks are: Erste Group Bank AG (EBS.VI) Raiff
Read more