FTSE 100 movers: International Power tops risers
19th Jul 2010 14:57
Footsie has made a strong start to the week helped by financials and miners. Standard Chartered and RBS are strong as are a number of miners including Xstrata and Rio Tinto. International Power is the best performer after French energy giant GDF Suez revived talks with the international electric
Read moreUPDATE: Temasek Sets 2-Part GBP700M Sterling Bond Terms - Source
19th Jul 2010 14:55
(Updates pricing information) LONDON (Dow Jones)--Singapore's state investment company Temasek Holdings will price the GBP200 million, 12-year portion of its planned two-part sterling bond issue at 95 basis points over gilts, and the GBP500 million, 30-year portion at 90 basis points over gilts
Read moreAIR SHOW: UK Cable: New Bank Lending Targets Still An Option
19th Jul 2010 14:34
FARNBOROUGH, England (Dow Jones)--U.K. Business Secretary Vince Cable confirmed Monday that the new government is considering imposing lending targets on the part nationalized banks from next year but said that is only one option available. In comments to Dow Jones Newswires on the sidelines of
Read moreFiat Agrees EUR4B Loan Terms, Two Banks Still To Commit-Source
19th Jul 2010 12:48
By Carol Dean Of Dow Jones Newswires LONDON (Dow Jones)--Fiat SpA (F.MI) has agreed terms to its EUR4 billion loan financing with a group of eight banks, a prerequisite to the company's demerger plans, with two of the banks still to receive internal approval to commit to the deal, said one p
Read moreCable lambasts banks again
19th Jul 2010 12:33
Business secretary Vince Cable has launched another broadside at the UK banks, accusing them of ripping off their customers and misleading comments over small business borrowers. In an interview with the BBC, Cable said customers were suffering as competition between the banks had had been affected
Read moreTemasek Sets Guidance On Two-Part Sterling Bond Issue -Source
19th Jul 2010 11:59
LONDON (Dow Jones)--Singapore's state investment company Temasek Holdings has set price guidance on its two-part, sterling-denominated bond issue, a person familiar with the situation said Monday. The 12-year, GBP200 million bond is set to price between 97-100 basis points over gilts, while the
Read moreUPDATE: UKFI Hires BofA Merrill's O'Neil To Oversee Bank Stakes
19th Jul 2010 10:50
(Adds details.) By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. Financial Investments Ltd., the U.K. government body that manages the state's financial sector holdings, Monday said Jim O'Neil is joining from Bank of America Merrill Lynch to oversee its 41% stake in Ll
Read moreUKFI Hires BofA Merrill's O'Neil To Oversee Lloyds,RBS Stakes
19th Jul 2010 10:24
LONDON (Dow Jones)--U.K. Financial Investments Ltd., the U.K. government body that manages the state's financial sector holdings, Monday said Jim O'Neil is joining from Bank of America Merrill Lynch to be head of market investments. In the job, he will be responsible for overseeing UKFI's 41% st
Read moreDebenhams Refinances Debt With New GBP650M Credit Facility
19th Jul 2010 07:29
By Lilly Vitorovich Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. department store chain Debenhams PLC (DEB.LN) said Monday it has completed its debt refinancing with a new GBP650 million credit facility, which was well received by investors. Debenhams said "demand for the facility wa
Read moreADR REPORT: Shares Fall Broadly On Economic Outlook
16th Jul 2010 21:51
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York tumbled across the board on discouraging U.S. earnings reports and growing concerns about the economic outlook. The Bank of New York index of ADRs sank 3.1% to 119.61. The fina
Read moreUK DMO Plans Syndicated Linker For Week Commencing July 26
16th Jul 2010 15:47
LONDON (Dow Jones)--The UK Debt Management Office plans to tap the existing 0.625% 2040 index-linked gilt for a yet-to-be-determined amount during the week commencing July 26, the DMO said Friday. Deutsche Bank AG, Goldman Sachs International, HSBC Holdings PLC and the Royal Bank of Scotland Gro
Read moreEurobonds: DFS To Roadshow, Inaer Sets Guidance, IG Supply Low
16th Jul 2010 15:12
By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--High-yield issuers continue to look to the bond market for funding, with another new deal announced Friday. U.K. furniture retailer DFS Furniture Holdings PLC announced plans for a GBP240 million, senior, secured 2017-dated high-yi
Read moreFTSE 100 movers: BP rise tempers overall decline
16th Jul 2010 15:00
Footsie remains lower despite good news from BP. BP appears to have succeeded in stopping the flow of oil pouring into the Gulf of Mexico for the first time in three months. The shutdown is part of an "integrity test" to see if the leaking wellhead can finally be contained. The test started last ni
Read moreUPDATE:TPG Splits With Clayton Dubilier For RBS Unit -Sources
16th Jul 2010 14:46
(Adds detail, comment.) By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--TPG Inc and Clayton Dubilier and Rice are no longer pursuing a joint bid for Royal Bank of Scotland PLC's (RBS) Global Merchant Division, including profitable Worldpay, people familiar with the situat
Read moreUPDATE: Europe Banks Mull Lawsuits Against Goldman - Sources
16th Jul 2010 12:57
(Adds IKB detail.) By Jessica Hodgson and Madeleine Nissen Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Goldman Sachs Group Inc. (GS) is facing possible lawsuits from two European banks over its role in marketing the controversial mortgage-backed debt security which prompted a Securities &
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