WHAT THE OTHER PAPERS SAY THIS MORNING September 5, 2011 FINANCIAL TIMES LIBYA’S NEW OIL CHIEF WARNS THAT OUTPUT WILL NOT RECOVER UNTIL LATE NEXT YEAR Libyan oil production will not return to pre-war levels until late next eyar at the earliest, with many of the county’s oil facilities having suffered heavy damage and looting during the conflict, according to the newly appointed charman of [...]
Samsonite increases Hong Kong IPO by $46m to meet demand for stock July 10, 2011 SAMSONITE International, the world’s largest luggage maker, increased its Hong Kong initial public offering (IPO) by $46m (£28.6m) to nearly $1.3bn, after underwriters exercised an option to sell additional shares to meet demand for the stock. The company said late yesterday 24.66m shares were sold by its two largest shareholders at the IPO price of [...]
Samsonite increases Hong Kong IPO by $46m to meet demand for stock July 10, 2011 SAMSONITE International, the world’s largest luggage maker, increased its Hong Kong initial public offering (IPO) by $46m (£28.6m) to nearly $1.3bn, after underwriters exercised an option to sell additional shares to meet demand for the stock. The company said late yesterday 24.66m shares were sold by its two largest shareholders at the IPO price of [...]
Horta-Osorio to sound a sunnier tone for Lloyds June 26, 2011 LLOYDS chief executive Antonio Horta-Osorio will detail a plan to lead investors to “a better place” for the bank when he unveils a strategic review on Thursday. Horta-Osorio will depart from the more moribund tone of late, which has seen him accused of “kitchen-sinking” the bank’s results and being overly conservative in provisions for losses. [...]
HMV set to reveal deal with banks June 6, 2011 SHARES of HMV, the embattled music retail chain, shot up yesterday on speculation that it was on the verge of a restructuring deal with its creditors. Led by Lloyds Banking Group and Royal Bank of Scotland, the state-owned lenders, are expected to have agreed to provide the retailer with a two-year refinancing of between £210m [...]
Moody’s in threat to cut rating of 14 UK financial groups May 24, 2011 Credit rating agency Moody’s said it may cut its rating on 14 British financial groups, including Lloyds and Royal Bank of Scotland, following a reassessment of the level of systemic support they need. The companies which could be downgraded by Moody’s included Bank of Ireland UK, Co-Operative Bank, Coventry Building Society (A3); Lloyds TSB Bank [...]
RESTAURATEURS FLOCK TO RENT 1 BISHOPSGATE IN CITY’S DINING BOOM August 22, 2011 IT IS not big enough for the new headquarters of the Bank of England’s Prudential Regulation Authority, which requires a capacious 100,000 square feet. But the four vacant office units at 1 Bishopsgate have attracted a “healthy level of interest” from insurance, finance, shipping, software and law firms – even a handful of hedge funds [...]
Don’t allow politicians to read Dickens for us February 9, 2012 WHAT would Charles Dickens do? If he were alive today, support everyone’s favourite cause it seems. In the author’s bicentennial year, everyone wants a piece. Schools minister Nick Gibb announced this week, referring to shocking levels of student illiteracy, that there are “shadows of Dickens’s world in our own” and called for more ambition in [...]
Don’t allow politicians to read Dickens for us February 9, 2012 WHAT would Charles Dickens do? If he were alive today, support everyone’s favourite cause it seems. In the author’s bicentennial year, everyone wants a piece. Schools minister Nick Gibb announced this week, referring to shocking levels of student illiteracy, that there are “shadows of Dickens’s world in our own” and called for more ambition in [...]
FTSE climbs as investors pile into financial stocks June 28, 2011 FINANCIAL stocks helped Britain’s top share index climb yesterday as hopes of a resolution to Greece’s debt problems spurred appetite for riskier assets. Banks were in demand, led by part state-owned Royal Bank of Scotland as investors bet the Greek parliament will this week vote through austerity measures needed to secure more aid from international [...]