London afternoon: Pick-up at Penguin boosts Pearson
26th Jul 2010 14:37
Leading shares remain mixed ahead of the deluge of big company announcements later in the week that includes oil giants BP, Shell and BG. Tullow Oil may be smaller than the aforementioned triumvirate but its shares are outperforming all of them and the rest of the Footsie constituents today after i
Read moreFinancial News: The Average Bonus At UKFI Last Year GBP16,500
26th Jul 2010 14:04
By Liam Vaughan Of FINANCIAL NEWS Staff at U.K. Financial Investments, the body managing government stakes in the banking sector, picked up average bonuses of GBP16,500 each last year. This marks the first time the body has paid out bonuses since it was set-up at the end of 2008. Accordi
Read moreLondon midday: Updates fail to move Footsie
26th Jul 2010 12:13
Footsie is still seeking direction despite a stream of company news updates that have moved share prices Banks Lloyds, Royal Bank of Scotland and Barclays are all strongly ahead after they sailed through the tests last week. BP is ahead after the oil giant confirmed it will t will hold a board me
Read moreAT A GLANCE: A Roundup Of Analyst Opinion On EU Stress Tests
26th Jul 2010 11:44
THE EVENT: The European Union's Committee of European Banking Supervisors, or CEBS, on Friday released results showing E.U. banks largely passed a round of government stress tests, with just a few institutions found to need further capital as a buffer against further economic and sovereign risks.
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
26th Jul 2010 09:56
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] 0856 GMT [Dow Jones] Lloyds Banking (LYG) and Royal Bank of Scotland (RBS) could be biggest gainers among U.K. banks from
Read moreMARKET TALK: RBS, Lloyds May Be Biggest Stress-Test Gainers
26th Jul 2010 09:56
0856 GMT [Dow Jones] Lloyds Banking (LYG) and Royal Bank of Scotland (RBS) could be biggest gainers among U.K. banks from stress test results, which could provide a lift to debt markets, says Exane BNP Paribas. "The bigger issue for U.K. banks is the extent [if any] to which the CEBS stress test exe
Read moreLondon open: Solid start to week
26th Jul 2010 08:49
Relief at the relatively benign results of the European banking system stress test has encouraged buyers into the market. Lloyds, Royal Bank of Scotland and Barclays are all strongly ahead after they sailed through the tests last week. Tony Hayward, the embattled BP chief executive, will collect
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
26th Jul 2010 08:46
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] 0746 GMT [Dow Jones] The European bank stress tests should have been tougher, says Evolution Securities, and the whole exerci
Read moreMARKET TALK: Selection Key In Banking Sector - Evolution
26th Jul 2010 08:46
0746 GMT [Dow Jones] The European bank stress tests should have been tougher, says Evolution Securities, and the whole exercise lacks credibility. "We don't see the Tests as a strong positive catalyst for equity investors, although we do expect them to help in the gradual normalisation process of fu
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
26th Jul 2010 08:16
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] 0716 GMT [Dow Jones] All UK banks included in the EU-wide bank stress tests--Barclays (BCS), HSBC (HBC), Royal Bank of Sc
Read moreMARKET TALK: UK Banks Up; Stress Tests Provide Comfort -Shore
26th Jul 2010 08:16
0716 GMT [Dow Jones] All UK banks included in the EU-wide bank stress tests--Barclays (BCS), HSBC (HBC), Royal Bank of Scotland (RBS.LN), Lloyds Banking Group (LYG)--passed, as expected, says Shore Capital, with tier 1 ratios comfortably above 6% under the adverse scenario. Takes comfort, in isolat
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
26th Jul 2010 08:11
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] 0711 GMT [Dow Jones] UK banks all passed the EU-wide stress tests Friday. However, "the static balance sheet limitations a
Read moreMARKET TALK: UK Banks Open Up After Passing EU Stress Tests
26th Jul 2010 08:11
0711 GMT [Dow Jones] UK banks all passed the EU-wide stress tests Friday. However, "the static balance sheet limitations along with the absence of important factors such as regulatory changes make the results less meaningful, especially for UK banks that will see significant restructuring," says JPM
Read moreVirgin Active In Talks Over GBP1 billion Sale - Report
25th Jul 2010 13:39
LONDON (Dow Jones)--Richard Branson's Virgin Active is in talks with private equity groups over a potential sale of the health and fitness chain that could amount to GBP1 billion, The Sunday Telegraph reports, citing unnamed sources. Kohlberg, Kravis Roberts & Co., Blackstone Group LP, Advent In
Read moreDubai World $23.5B Debt Talks End, No Deal In View
25th Jul 2010 04:47
(This item was originally published Thursday.) By Oliver Klaus, Summer Said and Tahani Karrar-Lewsley Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--A long awaited meeting between Dubai World and its creditors ended Thursday with little hope of an immediate agreement to restructure $23.5
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