NEWS IN BRIEF February 27, 2011 TEUCRIUM LAUNCHES NATURAL GAS ETF Teucrium has announced a new exchange-traded fund (ETF), the WTI Crude Oil Fund (CRUD), which offers exposure to futures contracts for WTI crude oil, also known as Texas Light Sweet Crude Oil, traded on the NYMEX. Launching the fund, they claim that unlike many of the ETFs in the Oil [...]
Government seals deal over bank lending and bonuses February 9, 2011 The government has reached an agreement with the largest UK banks on lending and bonuses. Under Project Merlin, banks will lend about £190bn to businesses this year. Of that £76bn will go to small firms, starved of lending. The Bank of England will assess whether the loans targets are met met. Chancellor George Osborne formally [...]
ABN AMRO profit seven times higher March 4, 2011 Dutch state-owned bank ABN AMRO, which is being readied for a stock market listing in 2014, said operating profit surged sevenfold in 2010 after loan losses fell. The Dutch state nationalised the local ABN AMRO and Fortis entities in 2008 after the dramatic failure of a three-pronged hostile takeover of ABN AMRO by Royal Bank [...]
ABN AMRO profit seven times higher March 4, 2011 Dutch state-owned bank ABN AMRO, which is being readied for a stock market listing in 2014, said operating profit surged sevenfold in 2010 after loan losses fell. The Dutch state nationalised the local ABN AMRO and Fortis entities in 2008 after the dramatic failure of a three-pronged hostile takeover of ABN AMRO by Royal Bank [...]
Moulton’s Better Capital buys parts of Connaught February 1, 2011 VENTURE capitalist Jon Moulton has bought parts of collapsed housing repair group Connaught, as administrator KPMG nears the end of dismantling the firm. Moulton’s private equity group Better Capital said yesterday is will pay £15m to buy and restructure Connaught’s risk management subsidiary, which did not collapse but was held by KPMG as one of [...]
Novus toasts Xmas party lift as revellers splash out January 17, 2011 CHRISTMAS revellers helped the owner of the Tiger Tiger bar chain to a boom in sales. Novus Leisure, the privately owned bar and restaurant operator – it also has Babble, Jewel and the Zoo Bar in Leicester Square – enjoyed an almost eight per cent surge in revenues in December and late November. Chief executive [...]
Novus toasts Xmas party lift as revellers splash out January 17, 2011 CHRISTMAS revellers helped the owner of the Tiger Tiger bar chain to a boom in sales. Novus Leisure, the privately owned bar and restaurant operator – it also has Babble, Jewel and the Zoo Bar in Leicester Square – enjoyed an almost eight per cent surge in revenues in December and late November. Chief executive [...]
RBS offloads its stake in rehab clinic owner Priory January 18, 2011 Royal Bank of Scotland (RBS) will finally part company with the Priory Group, the care homes operator famous for its celebrity clientele. The 84 per cent state-owned bank will sell the firm to buyout company Advent International in a deal worth up to £925m. However, RBS will only receive around £133m in cash for its [...]
RBS offloads its stake in rehab clinic owner Priory January 18, 2011 Royal Bank of Scotland (RBS) will finally part company with the Priory Group, the care homes operator famous for its celebrity clientele. The 84 per cent state-owned bank will sell the firm to buyout company Advent International in a deal worth up to £925m. However, RBS will only receive around £133m in cash for its [...]
RBS sells Priory Group for £925m January 18, 2011 Royal Bank of Scotland has announced the long-awaited sale of the Priory Group, the care homes operator famous for its celebrity clientele, to buyout firm Advent International in a deal worth up to £925m. RBS had been in talks with several private equity and buyout firms over much of last year, and the sale marks [...]