Ferrovial revives plan to sell off BAA stake January 13, 2011 Spanish group Ferrovial is pushing ahead with a plan to sell a ten per cent stake in British airport operator BAA, operator of London’s Heathrow, a move aimed at halving its 24.5bn euro (£20.46bn) debt. The company said it would seek offers for the stake, estimated last year to be worth about 200M euros, in [...]
HSBC to offload private equity arms June 4, 2010 HSBC is in talks that could lead to five separate management buyouts of its private equity fund management businesses, as banks go back to focusing on core operations. Europe’s biggest bank said talks are underway over units in Hong Kong, Britain, the United States, Canada and the Middle East. HSBC’s regional private equity businesses focus [...]
THE WEEK AHEAD January 30, 2011 COMPANY NEWS ● Rupert Murdoch’s News Corp will launch the first iPad only newspaper on Wednesday, The Daily. ● The oil giant Exxon Mobil reports earnings today. ● As does budget airline RyanAir, which releases its third quarter earnings results today. ● Tomorrow the iPhone chip manufacturer ARM Holdings releases its fourth quarter results, which [...]
THE WEEK AHEAD January 30, 2011 COMPANY NEWS ● Rupert Murdoch’s News Corp will launch the first iPad only newspaper on Wednesday, The Daily. ● The oil giant Exxon Mobil reports earnings today. ● As does budget airline RyanAir, which releases its third quarter earnings results today. ● Tomorrow the iPhone chip manufacturer ARM Holdings releases its fourth quarter results, which [...]
Banks support FTSE amid broad-based gains January 11, 2011 LONDON’S FTSE made strong gains today as bank shares surged and sovereign debt fears receded. Athough stocks gave back some of the day’s earlier gains by the market close, the leading index closed closed up 57.73 points or one per cent at 6,014.03. It ended a three-day losing streak and stayed ahead of the 6,000 [...]
Banks support FTSE amid broad-based gains January 11, 2011 LONDON’S FTSE made strong gains today as bank shares surged and sovereign debt fears receded. Athough stocks gave back some of the day’s earlier gains by the market close, the leading index closed closed up 57.73 points or one per cent at 6,014.03. It ended a three-day losing streak and stayed ahead of the 6,000 [...]
Politicians should not rush into reform of the banking system, says HSBC boss June 24, 2010 BANKS in Britain and elsewhere have urged G20 leaders to coordinate implementation of regulatory changes and not rush into “an unrealistic artificial timetable” for reform, ahead of a key meeting this weekend. “The progress made by the G20 has been impressive but it has now reached a critical juncture,” Stephen Green, chairman of HSBC and [...]
Politicians should not rush into reform of the banking system, says HSBC boss June 24, 2010 BANKS in Britain and elsewhere have urged G20 leaders to coordinate implementation of regulatory changes and not rush into “an unrealistic artificial timetable” for reform, ahead of a key meeting this weekend. “The progress made by the G20 has been impressive but it has now reached a critical juncture,” Stephen Green, chairman of HSBC and [...]
Worries over banks and oil weigh on FTSE February 21, 2011 Nervousness over oil supply as violent crackdowns on protests in Libya continued combined with worries over banks’ liquidity to keep the FTSE in the red today. The FTSE 100 declined from about 9:00am and it finished 1.12 per cent down at 6,014.8. “Only a handful of blue-chips registered a positive change for the day – [...]
No deal on pay transparency January 9, 2011 THE government is unlikely to win concessions on pay transparency for banks but will instead secure a promise to increase lending to small and medium-sized businesses. Despite a campaign by some politicians, who have called for banks to reveal how many employees receive over £1m in pay, divisions among banks make it unlikely that an agreement [...]