MARKET TALK: Credit Suisse Raises Lloyds Target Price To 68p
30th Jun 2010 10:10
0910 GMT [Dow Jones] Lloyds Banking Group's (LYG) target price raised to 68p from 60p by Credit Suisse on higher medium-term earnings forecast. "We remain concerned about the structural funding issues at Lloyds, but regulatory pressures appear to be easing and the additional cost of raising substant
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
30th Jun 2010 10:10
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] 0910 GMT [Dow Jones] Lloyds Banking Group's (LYG) target price raised to 68p from 60p by Credit Suisse on higher medium-te
Read moreADR Report: Shares Fall On Concerns Over Europe, China
29th Jun 2010 21:53
By Adam Cancryn Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York dropped sharply Tuesday, driven by worries over European banks and reports of a slowdown in growth worldwide. The Bank of New York index of ADRs closed down 3.33% to 113.72. Europ
Read moreLloyds Taps US Retail Market For First Time In $300M Bond Sale
29th Jun 2010 17:13
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Lloyds Banking Group PLC (LYG) is seeking to raise $300 million in senior notes from U.S. retail investors, in a move that highlights the U.K. bank's efforts to diversify funding. According to a term sheet seen by Dow Jones
Read moreLloyds Exchanges Yen Bond For 405M Shares; To Book Gain
29th Jun 2010 10:46
LONDON (Dow Jones)--Lloyds Banking Group PLC (LYG) Tuesday said it is exchanging a yen-denominated bond for 405.4 million shares, in its latest effort to book gains by buying back debt for less than face value. Lloyds Monday said it was exchanging a set of dollar-denominated bonds for shares, re
Read more2nd UPDATE: Aflac Sells Greek Debt After Stock Decline
28th Jun 2010 22:18
(Updates with details about possible issuers, analyst comments) By Erik Holm Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Aflac Inc. (AFL) unloaded its holdings of Greek debt after the insurer's stock fell more than 20% on concern about European securities in its investment portfolio.
Read moreLondon close: Miners lift Footsie
28th Jun 2010 16:24
London's top stocks ended Monday's trading session with modest gains thanks to strong mining stocks. Footsie traded in and out of the blue during the day, largely mirroring the performance of BP's share price. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65
Read moreConsortium Closes In On HSBC Train Unit - Sources
28th Jun 2010 15:51
By Jessica Hodgson, Carol Dean and Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--A consortium consisting of Morgan Stanley's (MS) infrastructure fund, 3i Group's infrastructure fund (3IN.LN) and private equity fund Star Capital is the sole consortium conducting due diligence for
Read moreLondon afternoon: Miners prop up Footsie
28th Jun 2010 14:16
The Footsie has been in retreat since shortly after ten this morning and dipped back into the red over the lunchtime session before limping back into positive territory, helped by the strength of mining stocks. The Footsie's performance largely mirrors that of the share price of oil giant BP, which
Read moreUPDATE:Lloyds Banking Group Swaps $760M Bonds For 537M Shares
28th Jun 2010 13:25
(Adds Lloyds comment, details.) By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Lloyds Banking Group PLC (LYG) Monday said bondholders have agreed to exchange $760 million in upper Tier 2 bonds for 537.2 million new shares, as part of the bank's effort to cut its debt costs.
Read moreGeneral Dynamics Buys Defense Company From Lloyds' Buyout Arm
28th Jun 2010 12:38
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--LDC Monday said it has sold defense equipment company Kylmar to General Dynamics United Kingdom Limited, part of U.S. giant General Dynamics Corp. (GD). Financial details of the transaction weren't disclosed. LDC, the mid
Read moreBroker tips: Lloyds, RBS, Hyder, Taylor Wimpey...
28th Jun 2010 12:23
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreLondon midday: Oils lift indices
28th Jun 2010 12:14
Markets are higher after some better news from BP in the Gulf of Mexico and on reflection of the outcome of the latest G20 summit. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65bn (£1.75bn). The oil giant is stopping almost 23,000 barrels of oil from leakin
Read moreLloyds Banking Group Swaps $760 Mln Bonds For 537 Mln Shares
28th Jun 2010 10:34
LONDON (Dow Jones)--Lloyds Banking Group PLC (LYG) Monday said bondholders have agreed to exchange $760 million in upper Tier 2 bonds for 537.2 million new shares, as part of the bank's effort to cut its debt costs. Analysts estimate the bond exchanges, which were made at a discount to face valu
Read moreBroker snap: Lloyds is Nomura's preferred UK bank
28th Jun 2010 08:29
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
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