European shares lifted on the back of miners and drug firms January 24, 2011 EUROPEAN shares edged up yesterday, as heavyweight miners rose on strong metals prices and defensive drugmakers and tobacco firms gained on concerns over the impact of rising inflation on growth prospects. Gains, however, were kept in check by falls on the German DAX index, as sentiment was hit by data showing a drop in German [...]
JJB Sports to ask for £50m January 3, 2011 TROUBLED retailer JJB Sports is expected to try and raise a further £50m from shareholders, according to reports over the weekend. The company has already tapped investors for £31.5m and asked its lender Bank of Scotland to waive imminent covenant tests on a £25m loan. Shareholders including the Bill & Melinda Gates Foundation, Invesco Perpetual [...]
Fears over government loan targets January 11, 2011 THERE were growing fears over government plans to boost bank lending last night, after Santander said it might not participate in any deal as critics warned overly-ambitious targets could backfire. The government is locked in talks with Britain’s five biggest banks over plans to impose business lending targets for this year, as part of a [...]
Fears over government loan targets January 11, 2011 THERE were growing fears over government plans to boost bank lending last night, after Santander said it might not participate in any deal as critics warned overly-ambitious targets could backfire. The government is locked in talks with Britain’s five biggest banks over plans to impose business lending targets for this year, as part of a [...]
Shares take fright over Libya turmoil February 21, 2011 THE FTSE 100 closed at a two-week low yesterday after another day of chaos in Libya sent investors running for cover. The blue-chip index shed 1.1 per cent to close at 6,014.8 as fears over energy supplies sapped investor’s appetite for risk. Shares of blue-chip firms across Europe felt the bite, with banks and miners [...]
Lloyds warns over new hit from Irish portfolio December 17, 2010 Part-nationalised bank Lloyds has warned that it would take a further hit from impairments on its Irish portfolio as a result of Ireland’s economic and fiscal deficit problems. The update on its Irish exposure caused Lloyds shares to fall sharply, dragging down other banks such as Royal Bank of Scotland, which is also exposed to [...]
Lloyds warns over new hit from Irish portfolio December 17, 2010 Part-nationalised bank Lloyds has warned that it would take a further hit from impairments on its Irish portfolio as a result of Ireland’s economic and fiscal deficit problems. The update on its Irish exposure caused Lloyds shares to fall sharply, dragging down other banks such as Royal Bank of Scotland, which is also exposed to [...]
Metro Bank eyes expansion after raising £50m December 13, 2010 Metro Bank, launched in July as Britain’s first new high street retail bank in more than 100 years, said it had raised £50m of new capital from investors to further develop its business. The latest round of capital raising builds on an initial £75m raised earlier this year, and the company said the new cash [...]
FSA to reveal full RBS view December 15, 2010 THE Financial Services Authority (FSA) pledged to publish its report into the near-collapse of Royal Bank of Scotland (RBS) yesterday, following widespread political pressure. FSA chairman Lord Turner said in a letter yesterday he hoped to release “a clear description of any key failings” by the end of March RBS was not warned in advance [...]
FTSE up but investors jittery over Greek crisis June 27, 2011 The FTSE 100 was up this morning but investors remained wary ahead of yet another chapter in the Greek financial crisis. Greek MPs are due to debate a fresh package of austerity measures later. The euro slipped as confidence in the eurozone continued to be sapped by Greece’s debt pile. Meanwhile France’s Christine Lagarde was [...]