Lloyds TSB unveils 5.5 per cent bond for retail investors March 8, 2011 LLOYDS TSB launched a five-year corporate bond for retail investors yesterday, following its first offering to private bond investors last June. The bonds will pay 5.5 per cent interest at a fixed rate until the notes mature in September 2016. Lloyds and Royal Bank of Canada are underwriting the scheme. Lloyds expects to raise at [...]
Lloyds TSB unveils 5.5 per cent bond for retail investors March 8, 2011 LLOYDS TSB launched a five-year corporate bond for retail investors yesterday, following its first offering to private bond investors last June. The bonds will pay 5.5 per cent interest at a fixed rate until the notes mature in September 2016. Lloyds and Royal Bank of Canada are underwriting the scheme. Lloyds expects to raise at [...]
Deutsche to advise UKFI March 10, 2011 DEUTSCHE Bank has won the government’s biggest advisory mandate since it bailed out failing banks during the financial crisis, with UK Financial Investments (UKFI) bringing the bank on board to secure the privatisation of Northern Rock. UKFI, which manages the government’s stake in nationalised banks, chose Deutsche ahead of Morgan Stanley, which had been considered [...]
‘It would be an injustice if Paula Radcliffe never won Olympic gold’ April 12, 2011 HIS ANSWERS come as quickly as the hurdles he repeatedly conquered over 110m when Colin Jackson is asked which British Olympians he believes will capture gold next summer. Triple jumper Phillips Idowu, heptathlete Jessica Ennis, long jumper Greg Rutherford, Dai Greene, the Welsh 400m hurdler – all get a namecheck. And then the one he [...]
FTSE flat as investors await news of Fed’s monetary policy April 27, 2011 BRITAIN’S top share index ended flat yesterday ahead of Federal Reserve Chairman Ben Bernanke’s news conference which could provide clues on the Fed’s future plans for its monetary policy. The blue-chip FTSE 100 was down 1.2 points or 0.02 per cent at 6,068.16, having hit a 9-week closing high on Tuesday. Volume was only 87.6 [...]
Lancashire to announce debts January 27, 2011 CRICKET: Lancashire have alerted members they are set to announce losses of around £2m, the worst ever recorded by a county cricket club, and conceded that unless the Tesco-funded redevelopment of Old Trafford is finally cleared within the next two months, their future existence could be under threat. “If we don’t develop, there is no [...]
FTSE buoyed by upbeat corporate results April 26, 2011 Strong corporate results and positive broker research buoyed the FTSE today, leading the market to its highest close in more than two months. The FTSE 100 closed 0.9 per cent higher at 6.069.36 in low volumes following the long Easter weekend and ahead of a second four-day weekend to celebrate the Royal wedding and Mayday. [...]
Supermarket sales slowing as shoppers rein in spending March 1, 2011 SALES growth at grocers slowed in February, despite higher prices, according to market research published yesterday, adding to signs of growing caution among consumers since the start of the year. Kantar Worldpanel said grocery sales rose 3.9 per cent year-on-year in the 12 weeks to 20 February, down from 4.2 per cent growth for the [...]
FTSE falls with investors still cautious ahead of US results April 14, 2011 BRITAIN’S top share index fell yesterday, led by Reckitt Benckiser after the company said its chief executive was retiring, and with banks weaker on renewed worries about sovereign debt levels. The FTSE 100 fell 46.64 points, or 0.8 per cent, to 5,963.80, its lowest close since 31 March. The index is up 1.1 per cent [...]
Micro Focus sees sales stall February 15, 2011 BRITISH IT firm Micro Focus International lost some large deals in the US in its third quarter and said it would not be able to make up the shortfall, sending its shares plunging. The group said US government departments and major corporations on the east coast had scrapped deals to update applications running on mainframe [...]