Provident thrives amid crisis July 28, 2009 SUB-PRIME lender Provident Financial reported a 3.5 per cent rise in half-year profit and predicted ongoing growth yesterday, despite the effects of the recession. Pre-tax profit in the first six months of the year reached £53.1m, up from £51.3m in the same period last year. Provident, which lends to borrowers who cannot secure credit from [...]
Provident thrives amid crisis July 28, 2009 SUB-PRIME lender Provident Financial reported a 3.5 per cent rise in half-year profit and predicted ongoing growth yesterday, despite the effects of the recession. Pre-tax profit in the first six months of the year reached £53.1m, up from £51.3m in the same period last year. Provident, which lends to borrowers who cannot secure credit from [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 22, 2010 THE SUNDAYS THE SUNDAY TELEGRAPH TORIES’ ENERGY PAPER MONTHS LATE The Conservatives’ flagship energy paper may not appear until April – six months after its original planned publication – leading to industry fears of policy disagreements in the run-up to the election. One senior figure who has seen a draft of the paper said that [...]
Myners to turn back on City over moral concerns July 19, 2009 CITY minister Lord Myners is so disgusted by arrogance and greed in the financial services sector that he will become a theology student rather than return to the City full-time. The minister, who was brought into Gordon Brown’s government as part of a series of “national service” recruitments from the private sector, said there was [...]
Myners to turn back on City over moral concerns July 19, 2009 CITY minister Lord Myners is so disgusted by arrogance and greed in the financial services sector that he will become a theology student rather than return to the City full-time. The minister, who was brought into Gordon Brown’s government as part of a series of “national service” recruitments from the private sector, said there was [...]
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 [...]
A PRODUCT WHATEVER YOUR VIEW August 5, 2009 ALEXANDRE HOUPERTHEAD OF LISTED PRODUCTS UK, SG CORPORATE & INVESTMENT BANKING WHEN markets are choppy, clever traders look for new ways to diversify their tactics. One of the great things about covered warrants is their adaptability, which makes them a good addition to your trading armoury right now. For example, there are plenty of new [...]
RBS Asia to be sold in chunks July 1, 2009 ROYAL Bank of Scotland’s Asian assets look set to be divided up between Standard Chartered and Australia’s ANZ, despite the bank’s desire to offload the unit in one go. Standard Chartered, led by chief executive Peter Sands, is in talks to wrap up a deal for RBS’ units in China and India and is also [...]
GLOBAL MARKETS SURGE ON STRONG EARNINGS AND DATA July 23, 2009 INVESTORS were cheered yesterday as stocks on both sides of the Atlantic made healthy gains on largely positive corporate and economic news. In the UK, the FTSE 100 rose for a ninth day in a row by 1.5 per cent to 4,559.80, the highest closing level since early January. It was the longest winning run [...]