THE LONDON REPORT August 4, 2009 WEAKNESS in miners and banks sent the FTSE 100 0.2 per cent lower yesterday, retreating from the 2009 of the previous session. The index closed 11.09 points lower at 4,671.37, after ending at 4,682.46 on Monday. “When you’ve had such a strong run since March and after such a strong July, you can’t expect to [...]
THE LONDON REPORT August 4, 2009 WEAKNESS in miners and banks sent the FTSE 100 0.2 per cent lower yesterday, retreating from the 2009 of the previous session. The index closed 11.09 points lower at 4,671.37, after ending at 4,682.46 on Monday. “When you’ve had such a strong run since March and after such a strong July, you can’t expect to [...]
Delta Lloyd offering falls flat as market retreats but Aviva trousers 990m November 3, 2009 DUTCH insurer Delta Lloyd’s initial public offering (IPO), western Europe’s largest this year, fell flat yesterday amid a retreat in the insurance sector and competing calls on investors’ cash. The shares, which had been priced at €16 (£14.30) each, at the low end of a forecast range of €15.5 to €19, were trading at €15.48, [...]
Delta Lloyd offering falls flat as market retreats but Aviva trousers 990m November 3, 2009 DUTCH insurer Delta Lloyd’s initial public offering (IPO), western Europe’s largest this year, fell flat yesterday amid a retreat in the insurance sector and competing calls on investors’ cash. The shares, which had been priced at €16 (£14.30) each, at the low end of a forecast range of €15.5 to €19, were trading at €15.48, [...]
ABN Amro to sell assets to ease EC fears July 7, 2009 DUTCH state-controlled bank ABN Amro is expected to strike a deal by mid-September to sell some assets to settle European Union competition concerns, the Dutch finance ministry said yesterday. The €70bn (£48bn) purchase of ABN in 2007 by a consortium of Royal Bank of Scotland, Spain’s Santander and Belgian-Dutch group Fortis saw Fortis agree to [...]
Low pay for UKFI bosses July 13, 2009 SEVERAL board members in charge of UK Financial Investments (UKFI) – the body charged with managing the government’s stakes in Royal Bank of Scotland and Lloyds Banking Group – are earning nothing for their time, it emerged yesterday. UKFI revealed in its annual report that acting chairman Glen Moreno is not taking a salary for [...]
Low pay for UKFI bosses July 13, 2009 SEVERAL board members in charge of UK Financial Investments (UKFI) – the body charged with managing the government’s stakes in Royal Bank of Scotland and Lloyds Banking Group – are earning nothing for their time, it emerged yesterday. UKFI revealed in its annual report that acting chairman Glen Moreno is not taking a salary for [...]
BP boosts FTSE as miners, telecoms and banks surge July 30, 2009 BRITAIN’S top share index ended close to a seven-month high yesterday, as better-than-expected earnings from the likes of BT boosted sentiment, lifting miners, banks and telecoms firms. The FTSE 100 closed up 1.9 per cent, or 84.08 points at 4,631.61 points, the highest level since January 6. The index is up 9 per cent so [...]
BP boosts FTSE as miners, telecoms and banks surge July 30, 2009 BRITAIN’S top share index ended close to a seven-month high yesterday, as better-than-expected earnings from the likes of BT boosted sentiment, lifting miners, banks and telecoms firms. The FTSE 100 closed up 1.9 per cent, or 84.08 points at 4,631.61 points, the highest level since January 6. The index is up 9 per cent so [...]
Lloyd’s: equity market rally is nearing end October 27, 2009 THE stock market rally has run out of steam, according to Lloyd’s of London. The world’s oldest insurance market yesterday poured cold water over hopes that surging equity prices would continue to rise into the latter stages of the year and into 2010. Pointing out that shares had risen 50 per cent since March, Lloyd’s [...]