UK MARKET TALK ROUNDUP: BROKERS COMMENTS
17th Jun 2010 09:48
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] 0848 GMT [Dow Jones] UK banks should benefit from the positive tone of Chancellor George Osborne's and Bank of England Govern
Read moreMARKET TALK: Buy UK Banks After Osborne, King Speeches - RBS
17th Jun 2010 09:48
0848 GMT [Dow Jones] UK banks should benefit from the positive tone of Chancellor George Osborne's and Bank of England Governor Mervyn King's Wednesday night speeches to City executives, says RBS banks analyst, who recommends buying their shares. One particular point of interest was the apparent de-
Read moreLondon open: BP shares jump
17th Jun 2010 08:29
BP is leading London's blue chips higher in early dealings on Thursday following yesterday's meeting with the US president. BP has cancelled dividends for the rest of the year and agreed to a demand from US president Obama to put $20bn in an escrow account to cover claims resulting from the oil spi
Read moreLloyds TSB Bank Amends Deal Size Of 2018 Covered Bond
16th Jun 2010 16:09
LONDON (Dow Jones)--The U.K.'s Lloyds TSB Bank amended the issue size of its June 25, 2018, U.K.-regulated, covered bond owing to investor interest expressed while the deal was pricing, one of the lead managers on the sale said Wednesday. The size of the deal is now EUR750 million from the previ
Read moreLloyds TSB Bank Prices EUR700M 2018 4% Covered Bond At 99.196
16th Jun 2010 15:04
LONDON (Dow Jones)--The U.K.'s Lloyds TSB Bank has priced its EUR700 million, eight year, U.K.-regulated covered bond at 145 basis points over mid-swaps, one of the lead managers on the deal said Wednesday. BNP Paribas SA, HSBC Holdings Plc, Lloyds and Unicredit SpA were lead managers of the dea
Read moreLloyds TSB Bank To Price 8-Yr Covered Bond At Swaps +1.45
16th Jun 2010 13:33
LONDON (Dow Jones)--The U.K.'s Lloyds TSB Bank has set final guidance on its EUR700 million, eight year, U.K.-regulated covered bond at 145 basis points over mid-swaps, one of the lead managers on the deal said Wednesday. This is in line with earlier guidance on the deal. BNP Paribas SA, HSB
Read moreLloyds TSB Bank to Price 8-Year Covered Bond At Swaps +1.45 Area
16th Jun 2010 08:50
LONDON (Dow Jones)--The U.K.'s Lloyds TSB Bank has set price guidance on its eight year, euro-denominated, U.K.-regulated covered bond in the area of 145 basis points over mid-swaps, one of the lead managers on the deal said Wednesday. BNP Paribas SA, HSBC Holdings Plc, Lloyds and Unicredit SpA
Read morePRESS RELEASE: S&P Corrects Rtg On FRN Issued By RBS Group To 'A'
15th Jun 2010 12:17
The following is a press release from Standard & Poor's: LONDON (Standard & Poor's) June 15, 2010--Standard & Poor's Ratings Services today corrected its rating on The Royal Bank of Scotland Group PLC's (RBSG; A/Stable/A-1) $500 million series 2978 senior unsecured floating rate notes due June 20,
Read moreFOCUS: UK Banks Tap Covered Bonds, But RMBS Buyers Still Missed
15th Jun 2010 10:19
(This was originally published Monday.) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. lenders are increasingly turning to covered bonds to finance their lending activities, but some market participants caution that the instruments cannot fill the gap left by the collapse
Read moreLloyds TSB Plans Euro Covered Bond Issue
15th Jun 2010 08:57
LONDON (Dow Jones)--U.K. bank Lloyds TSB Bank PLC (LYG) plans to issue a euro-denominated covered bond issue via lead managers BNP Paribas, HSBC Holdings PLC, Lloyds Bank PLC and UniCredit SpA, one of the banks said Tuesday. The deal is expected to be rated triple-A by Moody's Investor Services
Read moreMARKET TALK: All Lloyds Exchange Subscribers Should Get Swapped
15th Jun 2010 08:34
0734 GMT [Dow Jones] All subscribers to Lloyds' recent offer to exchange four of its existing dollar-denominated upper-tier 2 bonds into common shares, should have their bonds fully exchanged, BNP Paribas analysts say. According to the take-up on the offer, 570.8 million new shares would need to be
Read moreFOCUS: UK Banks Tap Covered Bonds, But RMBS Buyers Still Missed
14th Jun 2010 17:18
By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. lenders are increasingly turning to covered bonds to finance their lending activities, but some market participants caution that the instruments cannot fill the gap left by the collapse of the market for securities backed by resid
Read moreMARKET TALK: M Stanley Cuts Lloyds Banking To Underweight
14th Jun 2010 07:31
0631 GMT [Dow Jones] Morgan Stanley downgrades Lloyds Banking Group (LLOY.LN) to underweight from equalweight, and cuts its target price to 50p from 65p. Says Lloyds faces the biggest risk among UK banks of missing consensus beyond FY'10, given pressure on net interest margin, tepid GDP growth and i
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jun 2010 07:31
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] 0631 GMT [Dow Jones] Morgan Stanley downgrades Lloyds Banking Group (LLOY.LN) to underweight from equalweight, and cuts its t
Read moreUK Business Secretary In Bid To Split Banks - Report
13th Jun 2010 13:29
LONDON (Dow Jones)--U.K. Business Secretary Vince Cable is keen on separating retail from investment banking despite assurances from the Treasury that the prospect of such a split hasn't been concluded yet, the Sunday Telegraph reported. "The coalition agreement is quite explicit ... The purpose
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