Debt fears cast a cloud over outlook for stocks August 9, 2009 The FTSE 100 hit its highest point for the year last week, boosted by big gains for the banks. But that was until Royal Bank of Scotland (RBS) chief executive Stephen Hester handed out a dose of reality. Unlike Lloyds he refused to speculate that the worst is over and pointed out the next two [...]
Debt fears cast a cloud over outlook for stocks August 9, 2009 The FTSE 100 hit its highest point for the year last week, boosted by big gains for the banks. But that was until Royal Bank of Scotland (RBS) chief executive Stephen Hester handed out a dose of reality. Unlike Lloyds he refused to speculate that the worst is over and pointed out the next two [...]
Media Square heads for tussle with investor August 9, 2009 MEDIA Square, the communications firm led by entrepreneur Roger Parry, looks set for a tussle with its largest shareholder Peter Lynch over concerns the former stockbroker might try to wrest control of the company. In a circular sent ahead of its annual meeting later this month, Media Square has urged shareholders to vote down an [...]
Media Square heads for tussle with investor August 9, 2009 MEDIA Square, the communications firm led by entrepreneur Roger Parry, looks set for a tussle with its largest shareholder Peter Lynch over concerns the former stockbroker might try to wrest control of the company. In a circular sent ahead of its annual meeting later this month, Media Square has urged shareholders to vote down an [...]
BEST OF THE BROKERS August 9, 2009 ROLLS-ROYCEGoldmach Sachs downgraded the civil aerospace company to Sell after a strong outperformance against its peers. It added that it expected the sector’s downturn to be less severe than investors anticipated, and that Rolls-Royce would benefit from this. It downgraded the company because its shares trade at a premium to rivals.FRANCE TELECOMJP Morgan upgraded France [...]
BEST OF THE BROKERS August 9, 2009 ROLLS-ROYCEGoldmach Sachs downgraded the civil aerospace company to Sell after a strong outperformance against its peers. It added that it expected the sector’s downturn to be less severe than investors anticipated, and that Rolls-Royce would benefit from this. It downgraded the company because its shares trade at a premium to rivals.FRANCE TELECOMJP Morgan upgraded France [...]
Land Rover wins debt lifeline August 9, 2009 Jaguar Land Rover (JLR) has secured a £75m finance lifeline by mortgaging its stock of Land Rover parts.Burdale Financial, Bank of Ireland’s finance division, has granted a three-year debt facility of up to £75m to the carmaker, which is owned by Tata Motors, of India.The loan is secured on the inventory of Land Rover’s parts [...]
Land Rover wins debt lifeline August 9, 2009 Jaguar Land Rover (JLR) has secured a £75m finance lifeline by mortgaging its stock of Land Rover parts.Burdale Financial, Bank of Ireland’s finance division, has granted a three-year debt facility of up to £75m to the carmaker, which is owned by Tata Motors, of India.The loan is secured on the inventory of Land Rover’s parts [...]
Razorfish bought by Publicis for $530m August 9, 2009 FRENCH advertising group Publicis yesterday agreed to buy Razorfish advertising agency from technology giant Microsoft for $530m (£317m) in cash and stock. Publicis beat off around eight interested companies for Microsoft’s unit, including the UK’s WPP plc and Japanese firm Dentsu. The Paris-based group’s chief executive Maurice Levy said the price paid was the result [...]
Razorfish bought by Publicis for $530m August 9, 2009 FRENCH advertising group Publicis yesterday agreed to buy Razorfish advertising agency from technology giant Microsoft for $530m (£317m) in cash and stock. Publicis beat off around eight interested companies for Microsoft’s unit, including the UK’s WPP plc and Japanese firm Dentsu. The Paris-based group’s chief executive Maurice Levy said the price paid was the result [...]