Lloyds withdraws from Rosneft-BP deal
3rd Jun 2014 22:40
Lloyds Banking Group has reportedly withdrawn from a $1.5-$2bn trade finance deal involving Russian oil company Rosneft. The part-government owned lender, as well as Deutsche Bank, HSBC and Bank of China, was a mandated lead arranger on the loan to finance BP's purchase of crude oil and refined pro
Read moreSunday newspaper round-up: Lloyds Banking, Tesco, AstraZeneca
1st Jun 2014 14:03
Lloyds Banking Group has given TSB a £450m "dowry" as part of its £15bn initial public offering, the Sunday Telegraph reported. The small print of the TSB offer document reveals that Lloyds will pay up to £450m of integration costs if TSB changes its technology platform or is taken over. The unusual
Read moreBroker tips: Lloyds, Smith & Nephew, IMI, Imagination Technologies
29th May 2014 12:47
Broker Oriel said Lloyds Banking Group's offloading of TSB should enhance net interest margin for the bank and, with a rising dividend yield, has reiterated its 'buy' recommendation on the bank. "This improvement should become apparent once TSB is deconsolidated, which will depend on how quickly Ll
Read moreOriel says buy Lloyds on TSB IPO and improving yield
29th May 2014 11:32
Broker Oriel said Lloyds Banking Group's offloading of TSB should enhance net interest margin (NIM) for Lloyds and, with a rising dividend yield, has reiterated its 'buy' recommendation on the bank. With a Tier 1 capital (CET1) ratio of 10.7% and leverage ratio of 4.5% at the end of the first quart
Read moreFTSE 100 movers: Royal Mail slides on broker rating cut
28th May 2014 14:58
Cantor Fitzgerald reiterated its 'sell' rating on Royal Mail, and cut its target price from 500p to 480p, pushing the stock into the bottom spot. Engineering group Weir fell after announcing it has dropped its pursuit to merge with Metso after continued rejections from the board of the Finnish riva
Read moreLondon midday: Stocks rangebound as investors turn cautious
28th May 2014 11:38
- Eurozone data comes in mixed, German unemployment weak - Markets cautious after recent highs - RBS, LSE lead financials high - GSK to be investigated by UK fraud body techMARK 2,788.03 +0.06% FTSE 100 6,849.21 +0.06% FTSE 250 15,890.88 +0.30% UK stocks were trading in a narrow range on Wednesday
Read moreLondon close: Investors ponder merits of TSB float
27th May 2014 16:58
- FTSE 100 catches up after long weekend - Euroscepticism tempered by election results in Italy, Greece - IHG gains on bid interest - Lloyds to float TSB division - Pfizer walks away from AstraZeneca proposal techMARK 2,786.31 +1.03% FTSE 100 6,844.94 +0.43% FTSE 250 15,843.93 +0.88% Equities ende
Read moreFTSE 100 movers: IHG leads markets higher on bid rumours
27th May 2014 14:05
InterContinental Hotels Group shares surged on Tuesday after Sky News reported that the the company rejected a 6bn-pound takeover bid on the grounds that it was too low. While the identity of the bidder has not been confirmed, analysts have suggested that the proposal could have come from Starwood H
Read moreLondon midday: IHG, Lloyds lead markets high post European elections
27th May 2014 11:36
- FTSE 100 catches up after long weekend - Euroscepticism tempered by elections results in Italy, Greece - IHG gains on bid interest - Lloyds to float TSB division - Pfizer walks away from AstraZeneca proposal techMARK 2,788.40 +1.10% FTSE 100 6,849.22 +0.49% FTSE 250 15,836.22 +0.83% UK stocks po
Read moreLondon open: UK stocks rise after European elections, IHG jumps
27th May 2014 08:29
- Eurosceptism tempered by strong election results in Italy, Greece - FTSE 100 tracks gains made in Europe on Monday - IHG rises strongly on takeover rumours - Lloyds to float TSB - Pfizer walks away from AstraZeneca techMARK 2,779.89 +0.79% FTSE 100 6,830.41 +0.22% FTSE 250 15,824.59 +0.75% UK st
Read moreLondon pre-open: FTSE to play catch up after strong gains in Europe
27th May 2014 07:31
The UK stock market is expected to open strongly on Tuesday morning as traders return to their desks in a bullish mood following an impressive performance on European bourses the day before. City sources predict the FTSE 100 will open around 24 points higher than Friday's close of 6,815.75. While
Read moreTuesday newspaper round-up: TSB, Ukraine, Mario Draghi
27th May 2014 07:27
TSB will today attempt to sweeten the pill of a three-year dividend blackout by offering free loyalty shares to retail investors. Lloyds Banking Group will promise one free TSB share for every 20 bought and held for a year by retail investors as it formally sets out the intention to float announceme
Read moreLloyds confirms TSB flotation with focus on growth not yield - UPDATE
27th May 2014 07:11
- Lloyds floating 25 per cent of TSB - Lloyds to protect from potential legacy issues - TSB says no dividend targeted until 2017 - Analysts predict discount to book Lloyds Banking Group has confirmed it will float a quarter of shares in TSB on the London Stock Exchange in June and is required to li
Read moreSunday newspaper round-up: Intercontinental Hotels, George Osborne, AstraZeneca
25th May 2014 09:42
Intercontinental Hotels has turned down a 6bn pounds takeover approach from an unnamed investment fund, the Sunday Times reported. The approach is said to have been made in the last three weeks but the board thought it was too low to consider. City sources think the group could now be a target for a
Read moreFriday newspaper round-up: UKip, IPOs, Royal Mail
23rd May 2014 06:59
Labour admitted Ukip had caused "mayhem" last night as early results in council elections pointed to a big swing towards Nigel Farage's party in its heartlands. The Eurosceptics made huge gains across the country, halting Labour's hoped for gains and taking seats off the Conservatives. Ed Miliband's
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