London afternoon: London continues drifting
5th Jul 2010 14:21
London shares are stuck in neutral, with the Footsie barely changed on the day. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf disaster. The cost
Read moreLondon midday: Stocks tread water
5th Jul 2010 12:17
The London stock market ended the morning little changed, with the general air of lethargy reinforced by the absence of any directional input from the US market, which is closed today. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds un
Read moreUPDATE: Continental AG Plans 5-Year Bond Of At Least EUR500M
5th Jul 2010 12:07
By Christoph Rauwald Of DOW JONES NEWSWIRES FRANKFURT (Dow Jones)--German auto parts and tire maker Continental AG (CON.XE) said Monday it will launch a euro benchmark bond worth at least EUR500 million with a maturity of at least five years. "[Continental] has mandated a bank consortium
Read moreGermany's Phoenix Plans EUR500M 4-Yr High Yield Bond
5th Jul 2010 10:59
LONDON (Dow Jones)--German pharmaceutical distribution company Phoenix Pharmahandel GmbH is planning a EUR500 million, four year high yield bond, with proceeds to be used for repaying debt, a bank working on the deal said Monday. Roadshows for the senior notes will begin in Frankfurt Monday, bef
Read moreRBS CEO Hopes UK Govt Starts Stake Sale In 2011 -Report
5th Jul 2010 09:16
FRANKFURT (Dow Jones)--Stephan Hester, the chief executive of U.K.'s Royal Bank of Scotland Group PLC (RBS) wants the British government to start sellingdown its stake in RBS as early as next year, Germany's Sunday newspaper Welt am Sonntag reports quoting the CEO. "It is my goal that the sale o
Read moreRBS Sets Mid-July Informal Deadline For Worldpay Unit-Sources
2nd Jul 2010 14:50
By Marietta Cauchi and Carol Dean Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) has asked the two remaining bidders for its Global Merchant Services payments-processing unit to disclose proposals by July 19, ahead of a formal final deadline at the end of
Read moreRBS: Ulster Bank CEO McCarthy To Leave Bank
2nd Jul 2010 12:17
LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) said Friday that Ulster Bank Chief Executive Cormac McCarthy will leave the bank after 10 years in the position "to seek new opportunities." McCarthy will head the Ulster Bank until a successor has been found, and will continue as deputy
Read moreUPDATE: HSBC To Buy RBS' Indian Retail, Commercial Ops
2nd Jul 2010 11:19
(Adds comment and detail.) By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC) said Friday that it will buy the Indian retail and commercial businesses of Royal Bank of Scotland Group PLC (RBS), which, as opposed to its peer, is shrinking its retail pr
Read moreCORRECT: HSBC To Buy RBS' Indian Retail, Commercial Ops
2nd Jul 2010 10:56
("HSBC To Buy RBS' Indian Retail, Commercial Ops For $95M," at 0911 GMT, misstated the acquisition amount in the first paragraph. The correct version follows:) By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--HSBC Holdings PLC (HBC) said Friday that it will buy the Indian
Read moreHsbc Holdings Plc Acquisition Of Rbs Businesses In India
2nd Jul 2010 10:00
Notes to editors: HSBC in India HSBC is one of India's leading banking and financial services institutions, with over 35,000 employees in its banking, investment banking and capital markets, asset management, life insurance, software development and global resourcing operations. In 2008, the HSBC G
Read moreUK's Great Rolling Stock Company Plans Roadshow For Debut Bond
2nd Jul 2010 09:56
LONDON (Dow Jones)--The Great Rolling Stock Company Ltd. is planning a roadshow next Tuesday through Thursday for a debut bond issue under its GBP4 billion financing program, one of the banks running the sale said Friday. Lloyds Banking Group PLC, Goldman Sachs Group Inc. and the Royal Bank of S
Read moreRBS completes $1.6bn Sempra commodities sale
2nd Jul 2010 08:32
Royal Bank of Scotland (RBS) has completed the sale of its metals, oil and European energy business to JP Morgan for $1.6bn (£1.1bn) in cash. The UK bank, 84%-owned by the taxpayer, first announced the sale by its RBS Sempra Commodities (RBSSC) business in February. “Along with JV partner, Sempra
Read moreCORRECT:RBS Asia Pays INR6M As Settlement Charge To India Regulator
1st Jul 2010 17:17
("India Regulator Fines RBS Asia For Breaching FII Regulations," at 1305 GMT, misstated in the headline that RBS Asia Ltd was fined. It also misstated in the first paragraph that RBS Asia was found guilty, and in the third paragraph that it paid a penalty. The correct version follows:) MUMBAI (
Read moreRBS May Close Sale Of Branches To Santander In August -Source
1st Jul 2010 15:36
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Royal Bank of Scotland Group PLC (RBS) could announce the sale of 318 U.K. branches to Spain's Banco Santander SA (STD) as early as Aug. 6, when it reports its second-quarter results, a person familiar with the situation said Th
Read moreCORRECT: Veolia Prices EUR834.45M 4.247% 2021 Bond At Par, Swaps +1.30
1st Jul 2010 14:55
("Veolia Prices EUR834.45M 4.247% 2021 Bond At Par, Swaps +1.30," at 1346 GMT, misstated the amount priced in the first paragraph. The correct version follows:) LONDON (Dow Jones)--France-based utility group Veolia Environnement S.A. (VIE.FR) has priced an EUR834.45 million, 2021-dated bond iss
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