UK MARKET TALK ROUNDUP: SHARES GAINING
28th Jun 2010 08:12
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] 0712 GMT [Dow Jones] Nomura upgrades Lloyds Banking Group (LLOY.LN) to buy from reduce and lifts the target to 80p from
Read moreOil Companies Stock Up On Cash Ahead Of An Uncertain Future
25th Jun 2010 18:17
By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Oil giants are ramping up their borrowing, braving higher interest rates in order to lock down funding as a hedge against further turmoil in their industry or in credit markets, traders and analysts said. Facing possible fur
Read moreLondon close: Resource stocks drag Footsie lower
25th Jun 2010 16:42
Weakness in the resources sector ensured that Footsie finished firmly in the red. ENRC, Lonmin and Kazkhmys were big losers in the mining sector as base metal prices retreat. BP resumed its slide following a couple days' respite. Nomura Securities has suggested that the oil giant may have to ra
Read moreUPDATE:Fiat Finalizing EUR4B Loan Details Before Demerger-Sources
25th Jun 2010 14:42
(Adds quotes, details, background) By Carol Dean and Sabrina Cohen Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Fiat SpA (F.MI) is in talks with six banks to finalize details of a EUR4 billion financing deal as the Italian industrial group prepares to split itself into two, people familiar
Read moreFiat Finalizing EUR4B Loan Details Ahead Of Demerger -Sources
25th Jun 2010 14:30
By Carol Dean and Sabrina Cohen Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Fiat SpA (F.MI) is in talks with six banks to finalize details of a EUR4 billion financing deal as the Italian industrial group prepares to split itself into two, people familiar with the situation said Friday. Th
Read moreLondon afternoon: Stuck in reverse
25th Jun 2010 14:14
BP trimmed its losses over the lunch time session but the Footsie ended the period more or less where it started it, as weak mining stocks continue to weigh on the index. ENRC, Lonmin and Kazkhmys remain the big losers in the mining sector as base metal prices retreat. BP is still under the cosh
Read moreEXTRA CREDIT: SEC Rule Change Makes Putables More Popular
25th Jun 2010 12:35
(This article was originally published Thursday.) By Anusha Shrivastava A DOW JONES NEWSWIRES COLUMN NEW YORK (Dow Jones)--A recent rule change by the Securities and Exchange Commission has led to the resurgence of a debt instrument called step-up certificates of deposit, or putables.
Read moreLondon midday: Stormy weather for BP
25th Jun 2010 12:01
Mining stocks and BP have combined to spoil what was a firm start by London's blue-chip stocks, with even the weather now appearing to have it in for the beleaguered UK oil giant. Mining stocks such as ENRC, Lonmin and Kazkhmys suffer chunky falls but these are dwarfed by BP shares, which are havin
Read moreMARKET TALK: Basel Adjustments Particularly Good For UK Banks
25th Jun 2010 10:51
0951 GMT [Dow Jones] Reports of adjustments to Basel III proposals would be particularly positive for UK banks, says Deutsche Bank. Notes reports that the Bank for International Settlements could be dropping its proposals for the net stable funding ratio at the G20 meeting, and that pension deficit
Read moreMARKET TALK: UK Bank Stocks Rise; Basel III In Focus
25th Jun 2010 09:16
0816 GMT [Dow Jones] Bank stocks lead the gains in London as speculation rises that the Basel Committee will present a modified version of Basel III at the G20 meeting, this weekend. Traders note reports that the document is likely to present watered down proposals. Commenting on the speculation, E
Read moreLondon open: Healthy start for blue chips
25th Jun 2010 08:56
London has shrugged off Dow Jones' triple-digit fall overnight and made decent headway this morning. Banks are higher after a jam-packed financial stability report from the Bank of England that covered everything from savings ratios to the threat of the eurozone. The market sems to have focused on
Read moreEXTRA CREDIT: SEC Rule Change Makes Putables More Popular
24th Jun 2010 18:44
By Anusha Shrivastava A DOW JONES NEWSWIRES COLUMN NEW YORK (Dow Jones)--A recent rule change by the Securities and Exchange Commission has led to the resurgence of a debt instrument called step-up certificates of deposit, or putables. Nearly $15 billion of step-up putables--loans that m
Read moreLender Trying To Push Titan Loan Into Involuntary Bankruptcy
24th Jun 2010 17:23
By Rachel Feintzeig Of DOW JONES DAILY BANKRUPTCY REVIEW A lender is looking to push Titan Loan Investment Fund LP into bankruptcy protection three months after suing to recover funds it says Titan owes under a $75 million loan. The Royal Bank of Scotland PLC (RBS, RBS.LN) Wednesday laun
Read moreVeolia Environnement Launches EUR1B Bond Exchange, Tender
24th Jun 2010 16:29
LONDON (Dow Jones)--France-based utility group Veolia Environnement S.A. (VIE.FR) Thursday offered to exchange up to EUR1 billion of its existing bonds for new longer dated notes and launched a separate cash tender. The exchange offer is open to holders of its EUR1 billion, 5.875%, 2012-dated no
Read more2nd UPDATE: JP Morgan To Close RBS Sempra Deal July 1 -Source
24th Jun 2010 16:29
(Adds details of LME membership changes.) By Andrea Hotter Of DOW JONES NEWSWIRES LONDON (Dow Jones)--JPMorgan Chase & Co.'s (JPM) acquisition of the European and Asian parts of RBS Sempra Commodities is scheduled to close July 1, people familiar with the matter said Thursday. The $1
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