North 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 moreEU to stress test 91 banks
8th Jul 2010 10:05
All four of the UK's big banks are on a list to be 'stress-tested' by the European Union to measure their ability to withstand another major financial shock in future. HSBC, Royal Bank of Scotland, Lloyds and Barclays are among 91 banks selected by the EU to face scrutiny, a much greater number tha
Read moreEuropean Banks Higher After CEBS Details Stress Tests
8th Jul 2010 09:12
By Maarten van Tartwijk Of DOW JONES NEWSWIRES AMSTERDAM (Dow Jones)--European banking shares opened higher Thursday after Europe's banking regulator gave the first details of stress tests that will examine how the sector would stand up to a renewed financial crisis. The tests will look
Read moreMARKET TALK: UK Banks Up On Stress-Test Assurance, US Bank News
8th Jul 2010 08:58
0758 GMT [Dow Jones] Expectations that a stress test on U.K. banks will show positive results, added to good banking earnings news from the U.S., are lifting banks, analysts say. "The (test) results may turn market sentiment around by increasing the visibility for the EU banking sector, where uncert
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
8th Jul 2010 08:58
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0758 GMT [Dow Jones] Expectations that a stress test on U.K. banks will show positive results, added to good banking earni
Read moreLondon open: Banks and miners lead advance
8th Jul 2010 08:17
London's top stocks got off to a flying start, up around 1% in early dealings, with banks and miners leading the way. Royal Bank of Scotland and Barclays have both added more than 4%, closely followed by Lloyds Banking, up just under 4%. Among the miners, Antofagasta, Xstrata and Kazakhmys are in d
Read moreMARKET TALK: Credit Suisse Lifts European Banks Weighting
8th Jul 2010 07:53
0653 GMT [Dow Jones] Credit Suisse increases its weighting of European banks to benchmark from 10% underweight, and stays benchmark of US banks. Upgrades European banks as macro factors are now less of a headwind. Also cites valuation, as "European Banks are trading some 20% below the historical nor
Read moreLondon close: Back above 5,000
7th Jul 2010 16:21
Britain's banks staged an impressive turnaround Wednesday that helped carry London out of the red and onto a second day of very respectable gains. High street lenders were unsettled early on as investors waited for details on the nature of European stress tests for about 100 banks. Last-minute hagg
Read moreLondon afternoon: Banks help retrace losses
7th Jul 2010 14:26
London's leading shares have retraced most of the earlier losses as Wall Street starts with some modest gains. Wall Street was expected to begin jittery but moved ahead with tech stocks leading the advance. Banks, which were lower earlier in the day, have now retraced those losses. Lloyds and HSB
Read moreLondon midday: Market struggles despite BP rally
7th Jul 2010 12:07
A cautious update from Marks & Spencer and weak banking shares are weighing on the market despite good showings from BP and Sainsbury's. M&S reported a 3.6% rise in UK like-for-like sales in the first quarter, but is cautious about the outlook for consumer confidence and spending. Like for like sal
Read moreAlkane Energy Signs 3-Year GBP5.5M Loan Pact With Lloyds
7th Jul 2010 07:43
LONDON (Dow Jones)--Alkane Energy Plc (ALK.LN), owner and operator of "Gas to Power" plants in the U.K., announced Wednesday an additional three year GBP5.5 million Revolving Credit Facility with Lloyds TSB Bank PLC (LLOY.LN) to fund the development of its new sites. MAIN FACTS: -The three y
Read morePRESS RELEASE: S&P Raises 10 Rtgs In Arran Corporate Loans No. 1 European CDO
6th Jul 2010 15:50
The following is a press release from Standard & Poor's: OVERVIEW -- These rating actions reflect the recent amortization of a number of assets in the portfolio. -- We have raised our ratings on 10 classes and affirmed our ratings on all other classes. -- Arran Corporate Loans No. 1
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