Mitchells & Butlers In Hotel Disposal Deal With Travelodge
15th Jul 2010 12:23
LONDON (Dow Jones)--Mitchells & Butlers PLC (MAB.LN) said Thursday it is selling its 52 hotels for GBP91 million, with budget hotel operator Travelodge taking on the leases in a 25 year deal. The U.K. pub group said it was selling the Inkeeper's Lodges--which comprise 2,000 rooms--to Prupim, a p
Read morePrudential Hiring Non-Executives As Board, Holder Talks Continue
15th Jul 2010 10:56
By Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Prudential PLC (PRU.LN) Thursday confirmed that it is seeking to recruit two non-executive directors, but denied a press report that one of them was being lined up to replace senior non-executive director James Ross. At least
Read morePRESS RELEASE: National Planning Holdings, Inc.(R) Launches WealthOneSM Advisory Platform
12th Jul 2010 15:06
Platform Gives Advisors Access to Investment Solutions from Eight Top Money Managers, Including Vanguard, JP Morgan and UBS SANTA MONICA, Calif.--(BUSINESS WIRE)--July 12, 2010-- National Planning Holdings, Inc. (NPH(R)), one of the nation's largest independent broker-dealer networks1, today ann
Read moreADR Report: Shares Rise As Broader Market Sees Late Surge
8th Jul 2010 22:00
By Caitlin Nish Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York ended higher Thursday as the broader market saw a late-day surge and the Dow Jones Industrial Average posted its third consecutive gain. The Bank of New York index of ADRs rose 1.1% t
Read morePrudential Investors Approach C&WC Chairman - Source
8th Jul 2010 13:16
By Vladimir Guevarra and Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Cable & Wireless Communications PLC (CWC.LN) Chairman Richard Lapthorne has been approached by some key investors in Prudential PLC (PRU.LN) to replace the insurer's current Chairman Harvey McGrath, a perso
Read moreC&W Chairman Lapthorne Eyes Post In Prudential - Report
8th Jul 2010 10:23
LONDON (Dow Jones)--Cable & Wireless Communications PLC (CWC.LN) Chairman Richard Lapthorne is keen to replace Harvey McGrath as chairman of U.K. insurer Prudential PLC (PRU.LN), U.K. newspaper The Times reports Thursday, citing key Pru shareholders. It says Lapthorne held discussions with some
Read moreLapthorne tipped to oust Pru's McGrath
8th Jul 2010 08:03
Sir Richard Lapthorne, the controversial chairman of Cable & Wireless, is being touted by leading shareholders as the man to take over from Harvey McGrath at Prudential. They think his no-nonsense approach will do the insurer some good following its clumsy handling of the failed $35.5bn takeover of
Read moreThursday newspaper round-up: Prudential, banks, BP
8th Jul 2010 06:39
Leading shareholders in the Prudential were considering last night whether to back Sir Richard Lapthorne, the controversial Cable & Wireless boss, as the insurer's next chairman. Sir Richard, who has held discussions with investors over the past three weeks, wants the job if he gets sufficient suppo
Read more2nd UPDATE: Tesco Sells 41 Stores In GBP950M Property Deal
7th Jul 2010 18:48
(Adds background, detail.) By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--British supermarket giant Tesco PLC (TSCO.LN) said Wednesday that it has sold 41 stores in a sale and leaseback deal that will generate around GBP950 million as part of its continuing program to ex
Read moreUPDATE: Tesco Sells 41 Stores In GBP950M Property Deal
7th Jul 2010 17:45
(Adds detail.) By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tesco PLC (TSCO.LN), the world's fourth-biggest retailer by sales, said Wednesday that it has sold 41 stores in a sale and leaseback deal that will generate around GBP950 million as part of its continuing prog
Read moreTesco Sells 41 Stores In GBP950M Sale And Leaseback Deal
7th Jul 2010 17:18
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Tesco PLC (TSCO.LN), the world's fourth-biggest retailer by sales, said Wednesday that it has sold 41 stores in a sale and leaseback deal that will generate some GBP950 million as part of its continuing program to extract more va
Read moreMonday newspaper round-up: Sterling, BP, KKR
5th Jul 2010 06:33
Financial betting against the pound has fallen significantly since the emergency Budget - with hedge funds and speculators closing their positions that anticipated further falls in the value of sterling. In the seven days following the emergency Budget, the number of short positions in sterling fel
Read moreFinancial News: EU's New Bonus Rules Apply To Fund Managers
1st Jul 2010 14:32
By Mark Cobley Of FINANCIAL NEWS It has been feared for a while now that the European Union's new proposals to regulate bankers' bonuses would end up snaring asset managers and hedge funds in its net too. But the detailed proposals unveiled by EU authorities yesterday contain a crucial conce
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
1st Jul 2010 10:59
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] 0959 GMT [Dow Jones] The retail asset management business of Prudential's (PRU.LN) M&G Investments unit could raise GBP1.5B-t
Read moreMARKET TALK: Prudential's M&G Retail May Raise GBP2B If Listed
1st Jul 2010 10:59
0959 GMT [Dow Jones] The retail asset management business of Prudential's (PRU.LN) M&G Investments unit could raise GBP1.5B-to-GBP2B if listed, says Panmure Gordon analyst Barrie Cornes. Cornes says GBP2B-to-GBP2.5B could be raised if M&G as a whole is listed. This follows recent speculation that Pr
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