PRESS RELEASE: Moody's Affirms Abn Amro Bank At Aa3; Upgrades Fortis Bank (Nederland) To Aa3
28th Jun 2010 21:42
The following is a press release from Moody's Investors Service: BFSR of ABN AMRO Bank N.V. downgraded to C-, in line with Fortis bank (Nederland) N.V. London, 28 June 2010 -- London, 28 June 2010 -- Moody's Investors Service has today affirmed the Aa3/Prime-1 long-term/short-term bank deposit a
Read morePRESS RELEASE: Moody's Affirms Abn Amro Bank At -2-
28th Jun 2010 21:42
warranty of any kind. Under no circumstances shall MOODY'S have any liability to any person or entity for (a) any loss or damage in whole or in part caused by, resulting from, or relating to, any error (negligent or otherwise) or other circumstance or contingency within or outside the control of MOO
Read morePRESS RELEASE: Moody's Affirms Abn Amro Bank At -2-
28th Jun 2010 21:39
warranty of any kind. Under no circumstances shall MOODY'S have any liability to any person or entity for (a) any loss or damage in whole or in part caused by, resulting from, or relating to, any error (negligent or otherwise) or other circumstance or contingency within or outside the control of MOO
Read morePRESS RELEASE: Moody's Affirms Abn Amro Bank At Aa3; Upgrades Fortis Bank (Nederland) To Aa3
28th Jun 2010 21:39
The following is a press release from Moody's Investors Service: BFSR of ABN AMRO Bank N.V. downgraded to C-, in line with Fortis bank (Nederland) N.V. London, 28 June 2010 -- London, 28 June 2010 -- Moody's Investors Service has today affirmed the Aa3/Prime-1 long-term/short-term bank deposit a
Read moreLondon close: Miners lift Footsie
28th Jun 2010 16:24
London's top stocks ended Monday's trading session with modest gains thanks to strong mining stocks. Footsie traded in and out of the blue during the day, largely mirroring the performance of BP's share price. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65
Read moreConsortium Closes In On HSBC Train Unit - Sources
28th Jun 2010 15:51
By Jessica Hodgson, Carol Dean and Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--A consortium consisting of Morgan Stanley's (MS) infrastructure fund, 3i Group's infrastructure fund (3IN.LN) and private equity fund Star Capital is the sole consortium conducting due diligence for
Read moreFTSE 100 movers: Resources companies hold up index
28th Jun 2010 15:27
Mining companies are helping to keep Footsie modestly ahead on the day. Fresnillo, Randgold Resources, Lonmin and Antofagasta are all higher. Recent index entrant Essar Energy is also strong after an initiation note from JPMorgan Cazenove was published with an overwieght rating for the Indian oi
Read moreSector movers: Miners buoyant
28th Jun 2010 15:16
In a buoyant mining sector Kazakhmys has received a fillip from positive comment from Citigroup while FTSE 100 new entrant Essar Energy is wanted after JPMorgan Cazenove initiated coverage with an "overweight" rating. The banking sector is lower though a bullish note from Nomura is boosting Lloyds
Read moreLondon afternoon: Miners prop up Footsie
28th Jun 2010 14:16
The Footsie has been in retreat since shortly after ten this morning and dipped back into the red over the lunchtime session before limping back into positive territory, helped by the strength of mining stocks. The Footsie's performance largely mirrors that of the share price of oil giant BP, which
Read moreBroker tips: Lloyds, RBS, Hyder, Taylor Wimpey...
28th Jun 2010 12:23
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreLondon midday: Oils lift indices
28th Jun 2010 12:14
Markets are higher after some better news from BP in the Gulf of Mexico and on reflection of the outcome of the latest G20 summit. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65bn (£1.75bn). The oil giant is stopping almost 23,000 barrels of oil from leakin
Read moreNew Veolia Environnement Bond To Mature January 2021
28th Jun 2010 10:10
LONDON (Dow Jones)--France-based utility group Veolia Environnement S.A. (VIE.FR) Monday said it would issue new bonds maturing January 2021. The company last week offered to exchange up to EUR1 billion of its existing bonds for the new longer-dated notes, and launched a separate cash tender.
Read moreLondon open: Hangover carries into Monday
28th Jun 2010 08:53
Markets are struggling for direction this morning, with traders still probably dissecting the disappointment of yesterday, which could take some time. Renewed pledges from the G20 meeting to force banks to keep a lot more capital have also hit sentiment while Standard Chartered's comment that inco
Read moreBroker snap: Lloyds is Nomura's preferred UK bank
28th Jun 2010 08:29
UK banks are turning the corner, according to Nomura Securities, which has named Lloyds Banking as its preferred stock in the sector. "UK banks are benefiting from a combination of declining impairments, rising margins and strengthened capital bases," reasons Nomura analyst Robert Law, adding that
Read moreMARKET TALK: Nomura Ups Lloyds; Cuts Barclays, HSBC
28th Jun 2010 08:12
0712 GMT [Dow Jones] Nomura upgrades Lloyds Banking Group (LLOY.LN) to buy from reduce and lifts the target to 80p from 53p. Says Lloyds is particularly geared to domestic margin expansion owing to the repricing of mortgage asset yields and short-term wholesale funding. Cuts Barclays (BARC.LN) to
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