RBS to slim down Asian business March 20, 2012 Royal Bank of Scotland is closing its equity capital market and corporate finance units in South Korea and cash equities businesses in Indonesia, Korea and Singapore in the latest move to cut the size of its struggling investment bank. The decision sheds light on the British lender’s recent agreement with CIMB Group Holdings Bhd for [...]
Game Group’s lenders mull a rescue deal March 25, 2012 GAME GROUP’S lenders, led by The Royal Bank of Scotland, are working on plans that could result in them buying the crisis-hit video games retailer out of administration. The company, which runs 1,274 stores worldwide and employs 10,000 workers – 6,000 of them in the UK – is expected to fall into administration as early [...]
Game Group’s lenders mull a rescue deal March 25, 2012 GAME GROUP’S lenders, led by The Royal Bank of Scotland, are working on plans that could result in them buying the crisis-hit video games retailer out of administration. The company, which runs 1,274 stores worldwide and employs 10,000 workers – 6,000 of them in the UK – is expected to fall into administration as early [...]
Hope for Game as firm poised for rescue deal March 29, 2012 GAME’S administrator PwC could announce a successful bidder for the collapsed video games retailer as early as today, much earlier than expected. Sources close to the company said the retailer’s six lenders led by the state-owned Royal Bank of Scotland were in the lead to buy the company out of administration with a lender-led offer [...]
Ryanair bows out of Stansted Airport auction October 9, 2012 RYANAIR yesterday dropped its efforts to buy a stake in Stansted, blaming the airport’s owner Ferrovial for refusing to engage. The budget carrier has written to all of its potential bidding partners to withdraw from the process, citing “Ferrovial’s decision to exclude Ryanair from the Stansted sale”. Ryanair had been looking to take a 25 [...]
UK must sell RBS and Lloyds soon says TaxPayers’ Alliance April 3, 2012 Britain must sell its Royal Bank of Scotland and Lloyds stakes as soon as possible because keeping them is allowing politicians to gamble with people’s money on bank shares, according to a lobby group representing taxpayers. “Clearly the best outcome for taxpayers would be if we don’t make a loss on those shares, but we [...]
Financials and miners lift the FTSE to a new high for 2012 March 14, 2012 BRITAIN’S FTSE 100 closed at its highest level this year yesterday as banks and miners rallied after encouraging economic data out of Europe and the US, although volumes were weak and traders said the market could be nearing its top. London’s blue chip index closed up 63.16 points, or 1.1 per cent at 5,955.91, but [...]
Hands finding green fingers in £276m deal March 26, 2012 GUY Hands has sought to move on from his troubled investment in EMI by agreeing a £276m deal to buy Garden Centre Group (GCG). His Terra Firma vehicle beat competition from several private equity rivals to take the retailer off the hands of Lloyds after the bank, 41 per cent taxpayer owned, and Sir Tom [...]
Entwhistle looks to raise £75m to launch new UK bank Scoban April 2, 2012 British financier Ray Entwistle is hoping to raise £75m to get his new private bank, Scoban, up and running although he said the process was taking longer than planned. Entwistle, who spent much of his career at private bank Adam & Co and helped sell the firm to Royal Bank of Scotland in 1993, said [...]
Entwhistle looks to raise £75m to launch new UK bank Scoban April 2, 2012 British financier Ray Entwistle is hoping to raise £75m to get his new private bank, Scoban, up and running although he said the process was taking longer than planned. Entwistle, who spent much of his career at private bank Adam & Co and helped sell the firm to Royal Bank of Scotland in 1993, said [...]