Britain is not heading for a hung parliament January 19, 2010 LAST year was tough for the banking industry, but it’s interesting to see which brands fared better than others. The two graphs show the proportion of positive responses each brand received out of the total responses for the set. Graph 1 tracks the three that did relatively well: Barclays, HSBC and National Savings and Investments. [...]
Treasury may allow Lloyds exit from APS August 10, 2009 THE Treasury would consider allowing Lloyds Banking Group to exit the asset protection scheme (APS) if the bank can prove its ability to launch a successful rights issue. Lloyds is still in negotiations with the government over the terms of the APS, despite having agreed in principle to insure £260bn worth of assets at a [...]
New bidders circle Insight August 3, 2009 BANK of New York Mellon and Northern Trust have made a late entry into the race to buy the majority of Insight, the asset manager that Lloyds Banking Group inherited from HBOS, sources said yesterday. Both US banks are understood to have presented binding offers for the unit, valued at between £230m and £250m, with [...]
New bidders circle Insight August 3, 2009 BANK of New York Mellon and Northern Trust have made a late entry into the race to buy the majority of Insight, the asset manager that Lloyds Banking Group inherited from HBOS, sources said yesterday. Both US banks are understood to have presented binding offers for the unit, valued at between £230m and £250m, with [...]
RBS boss: My parents think I’m overpaid January 12, 2010 ROYAL Bank of Scotland’s chief executive yesterday admitted his parents think he is paid too much even as he staged a staunch defence of the bank’s right to hand out bonuses. Stephen Hester, who stands to make £10m if he can turn around the beleaguered lender, signalled he understood public anger over bumper payouts following [...]
THE LONDON REPORT September 2, 2009 THE benchmark share index closed flat yesterday as a retreat in financials and miners, triggered by weak US data, was offset by stronger energy stocks, after a “giant” oil find by BP. The FTSE 100 index ended down 2.15 points at 4,817.55, after it fell 1.8 per cent on Tuesday. US private employers cut 298,000 [...]
THE LONDON REPORT September 2, 2009 THE benchmark share index closed flat yesterday as a retreat in financials and miners, triggered by weak US data, was offset by stronger energy stocks, after a “giant” oil find by BP. The FTSE 100 index ended down 2.15 points at 4,817.55, after it fell 1.8 per cent on Tuesday. US private employers cut 298,000 [...]
Energy and bank stocks push FTSE 100 back below 5,000 September 10, 2009 THE FTSE 100 drifted lower yesterday, unable to stay above the 5,000 level as energy and bank stocks weighed heavily. It closed down by 16.62 points, or 0.3 per cent to 4,987.68, having closed above 5,000 for the first time since late September 2008 on Wednesday. “We’re taking a bit of a pause from what [...]
Kraft’s Cadbury bid sparks a flurry of FTSEmerger hopes September 7, 2009 THE leading share index notched back up towards the 5,000-points mark yesterday, after a proposed bid for Cadbury by Kraft raised hopes of a more general pick-up in merger activity and lifted banks and commodity shares. The FTSE 100 rose 1.7 per cent to a close of 4,933.18, up 81.48 points, as it came close [...]
CRISIS IN THE SKY FOR VETERAN BROKER February 22, 2010 SIGHS of relief all round yesterday as a veteran of the City broking community emerged unscathed from a terrifying near-death experience. Brewin Dolphin divisional director Stephen Williams – a former head of small company research at Williams de Broë – was one of 231 passengers aboard a Thomas Cook Boeing 757 jet which had to [...]