WHAT THE OTHER PAPERS SAY THIS MORNING August 22, 2011 FINANCIAL TIMES LLOYDS LOOKS TO EASE DISPOSAL Lloyds Banking Group is in early talks with the City regulator about easing the capital burden for prospective buyers of some of its branches in an effort to remove one of the biggest obstacles to the sale. It hopes to pave the way for a bidder to qualify [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 22, 2011 FINANCIAL TIMES LLOYDS LOOKS TO EASE DISPOSAL Lloyds Banking Group is in early talks with the City regulator about easing the capital burden for prospective buyers of some of its branches in an effort to remove one of the biggest obstacles to the sale. It hopes to pave the way for a bidder to qualify [...]
Lloyds sheds 420 jobs and has cut 22,500 since buying HBOS November 9, 2010 BAILED-OUT lender Lloyds Banking Group yesterday announced it would shed a further 420 jobs, taking the total number of job cuts since it bought rival HBOS two years ago to 22,500. The latest round of redundancies come as Lloyds, 41 per cent government-owned after accepting taxpayer-funded support during the financial crisis, closes personal loans unit [...]
Lloyds axes a further 420 jobs November 9, 2010 Bailed out lender Lloyds Banking Group said it would shed a further 420 jobs, taking the total number cut since it bought rival HBOS two years ago to 22,500. The latest round of redundancies come as Lloyds, 41 per cent government-owned after accepting taxpayer-funded support during the financial crisis, closes personal loans unit Black Horse [...]
Wall St rises after strong jobs data January 5, 2011 THE creation of three times as many private-sector jobs as expected turned Wall Street’s early losses into gains yesterday, extending a rally investors worried had come too far too fast. Financial stocks led gains, helped by credit-card companies such as Capital One Finance, which rose 4.2 per cent to $45.52. The S&P consumer finance index, [...]
Wall St rises after strong jobs data January 5, 2011 THE creation of three times as many private-sector jobs as expected turned Wall Street’s early losses into gains yesterday, extending a rally investors worried had come too far too fast. Financial stocks led gains, helped by credit-card companies such as Capital One Finance, which rose 4.2 per cent to $45.52. The S&P consumer finance index, [...]
THE WEEK AHEAD in association with GFT June 19, 2011 COMPANIES ● Agrekko will make a trading announcement today. The company has benefited from large temporary energy supply contracts following Japan’s earthquake. ● On Tuesday, First Property, Halma and Creston release earnings. The latter provides marketing insights and communications services. ● On the same day, Whitbread will release its interim management statement. With consumer spending [...]
Buyout group pays €2.1bn for PAI’s Spie May 31, 2011 A GROUP led by Clayton Dubilier & Rice (CD&R) has agreed to buy French engineering group Spie in a deal valuing it at €2.1bn (£1.8bn), in the biggest French leveraged buyout (LBO) since the 2008 financial crisis. French private equity group PAI Partners, which said in March it was considering a possible sale of the [...]
Interest rates on personal loans reach a 10-year high May 23, 2011 THE AVERAGE rate of interest on a personal loan has rocketed to a ten-year high, the Moneyfacts website revealed yesterday. A loan of £5,000 costs an average of 12.7 per cent, its research has found. “In a market where household finances are being stretched the risk of customers not repaying the loan increases and this [...]
Britain’s in crisis: the real causes of chaos on streets August 10, 2011 FEAR. Debilitating, widespread fear. The country held to ransom by feckless youths. Thousands of shocked Londoners cowering in their homes, with many shops, banks and offices shutting early. I cannot remember anything like it; the atrocities of the 7/7 terror attacks, the shock from 9/11 and the IRA’s repeated terrorist attacks had a chilling, devastating [...]