London afternoon: Resource stocks hog the action
12th Jul 2010 14:24
Footsie kicked on over the lunch time session despite mining stocks continuing to be a drag on the index. Expectations of a firm start on Wall Street boosted sentiment while speculative buying has seen BP add to the morning's gains. BP said the cost of the clean-up in the Gulf of Mexico has risen t
Read moreLondon midday: BP a bright spot in lacklustre Footsie
12th Jul 2010 12:01
Shares in BP have jumped on takeover talk and hopes that it is making progress as it caps the oil leak in the Gulf of Mexico, but Footsie is little changed overall. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, alt
Read moreStandard Chartered buys SME finance business
12th Jul 2010 07:31
Asia-focused bank Standard Chartered has agreed to buy GE Commercial Financing, a specialist in SME factoring and hire purchase financing in Singapore. Standard Chartered didn't comment on the price but said all necessary regulatory approvals have already been obtained. The deal is expected to be
Read moreStandard Chartered To Buy GE Commercial Financing
12th Jul 2010 06:59
HONG KONG (Dow Jones)--Standard Chartered PLC (STAN.LN) has signed an agreement to acquire GE Commercial Financing (Singapore) Ltd. to bolster its small and medium enterprises business, the bank said in a statement Monday. GE Commercial Financing had assets totaling S$183 million (US$132 million
Read moreMARKET TALK: StanChart Eyes Shanghai IPO -WSJ/THE SOURCE
9th Jul 2010 08:33
0733 GMT [Dow Jones] Standard Chartered (2888.HK) is planning a Shanghai listing. StanChart's rationale when it doesn't especially need the capital? Marketing its brand there. StanChart's May offering of Indian Depositary Receipts supports rationale; bank was first foreign company to offer IDRs, INR
Read moreNedbank Share Price Rises On Takeover Report - I-Net
8th Jul 2010 12:21
JOHANNESBURG (I-Net Bridge)--Shares in South African banking company Nedbank Group Ltd. (NED.JO) rose more than 5% Thursday following a report Europe's biggest bank, HSBC Holdings PLC (HBC), is in the early stages of evaluating a bid for it. Sky News reported Thursday that HSBC has appointed inv
Read moreMARKET TALK: UK Banks Up On Stress-Test Assurance, US Bank News
8th Jul 2010 08:58
0758 GMT [Dow Jones] Expectations that a stress test on U.K. banks will show positive results, added to good banking earnings news from the U.S., are lifting banks, analysts say. "The (test) results may turn market sentiment around by increasing the visibility for the EU banking sector, where uncert
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
8th Jul 2010 08:58
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] 0758 GMT [Dow Jones] Expectations that a stress test on U.K. banks will show positive results, added to good banking earni
Read moreMARKET TALK: Credit Suisse Lifts European Banks Weighting
8th Jul 2010 07:53
0653 GMT [Dow Jones] Credit Suisse increases its weighting of European banks to benchmark from 10% underweight, and stays benchmark of US banks. Upgrades European banks as macro factors are now less of a headwind. Also cites valuation, as "European Banks are trading some 20% below the historical nor
Read moreOn Dow Jones Investment Banker Today: Genmab, Standard Chartered
6th Jul 2010 17:36
LONDON (Dow Jones Investment Banker)--The following columns have been published exclusively on Dow Jones Investment Banker in recent days. Many Dow Jones Investment Banker columns contain spreadsheets, video, PDFs and other supporting material. To arrange access to the best of Dow Jones news and opi
Read moreMARKET TALK: Citigroup Raises Standard Chartered Price Target
5th Jul 2010 10:10
0910 GMT [Dow Jones] Citigroup raises Standard Chartered (STAN.LN) price target to 2100p from 2000p to reflect peer multiples and updated estimates. Notes the group's wholesale bank in Asia has reported stellar growth in recent years. Says while it's only the third largest international bank in Asia
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 10:10
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] 0910 GMT [Dow Jones] Citigroup raises Standard Chartered (STAN.LN) price target to 2100p from 2000p to reflect peer multiples
Read moreCORRECT: STREET MOVES: Nomura Hires Lehman Vet Lasser
1st Jul 2010 18:30
("STREET MOVES: Nomura Names Lehman Vet Lasse To Lead Segment," published at 10:17 a.m. EDT, misspelled Lasser's last name in the headline, and the first and second paragraphs. The correct version follows.) DOW JONES NEWSWIRES Nomura Holdings Inc. (NMR, 8604.TO) announced Alexis Lasser has
Read moreUK Banks Cautiously Welcome EU Bonus Rules After 2009 Changes
1st Jul 2010 12:54
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. banks could gain from a new set of rules on banker bonuses being discussed by European Union governments, after the country unilaterally applied stricter rules on pay last year, people familiar with the situation said Thurs
Read moreLondon close: Flat finish
30th Jun 2010 15:56
A jumpy start on Wall Street did nothing to steady a volatile Footsie, but despite all the fluctuations the leading index finished hardly changed on the day. London lost 272 points in June, the third monthly decline in a row, and traded a range of well over 400 points. Miners ENRC, Kazakhmys and A
Read more