Director out as Aero’s bank calls in KPMG November 11, 2009 AERO Inventory, a parts supplier for the airline industry that was contemplating a move from the junior market to a full listing less than two months ago, yesterday ended up in the hands of the administrators. Accounting group KPMG yesterday took control of the group on behalf of a group of banks led by Lloyds [...]
Lloyds directors face new ire May 27, 2009 Three directors involved in Lloyds Banking Group’s takeover of HBOS face increased criticism from investors at next week’s annual general meeting, after proxy voting agency Manifest expressed “significant concerns” about the re-election of chairman Sir Victor Blank, Archie Kane and Sandy Leitch.
Lloyds directors face new ire May 27, 2009 Three directors involved in Lloyds Banking Group’s takeover of HBOS face increased criticism from investors at next week’s annual general meeting, after proxy voting agency Manifest expressed “significant concerns” about the re-election of chairman Sir Victor Blank, Archie Kane and Sandy Leitch.
Blankfein: we do God’s work November 8, 2009 Goldman Sachs chairman and chief executive Lloyd Blankfein has launched a dramatic defence of his profession, telling a newspaper that bankers are “doing God’s work”. “We’re very important. We help companies to grow by helping them to raise capital. Companies that grow create wealth. This, in turn, allows people to have jobs that create more [...]
Aviva to offer shares in Dutch arm at a discount October 18, 2009 INSURER Aviva is to offer shares in its Dutch subsidiary Delta Lloyd at a discount, sources familiar with the matter said yesterday, giving the unit a market value of about £2.7bn. The group, which aims to list 30 to 40 percent of Delta Lloyd, is likely to receive 1bn euros (£913m) to 1.3bn euros from [...]
Aviva to offer shares in Dutch arm at a discount October 18, 2009 INSURER Aviva is to offer shares in its Dutch subsidiary Delta Lloyd at a discount, sources familiar with the matter said yesterday, giving the unit a market value of about £2.7bn. The group, which aims to list 30 to 40 percent of Delta Lloyd, is likely to receive 1bn euros (£913m) to 1.3bn euros from [...]
Mining stocks lead weaker banking and power firms December 2, 2009 Britain’s leading share index ended 0.3 per cent higher yesterday as mining firms gained on the back of higher commodity prices, outpacing some weakness in banks and energy stocks. The FTSE 100 closed 15.22 points higher at 5,327.39, adding to Tuesday’s strength when the index recorded its biggest one-day gain in more than four months [...]
Banks launch overdraft bid in the Lords June 23, 2009 A LEGAL case to determine whether banking overdraft fees can be challenged on grounds of fairness kicked off in the House of Lords yesterday, with seven banks and one building society fighting to overturn an earlier ruling against them. The lenders are contesting a judgement by the Court of Appeal that charges imposed by the [...]
Supermarket sweep pushes FTSE to seventh rise in a row July 21, 2009 BRITAIN’S top share index rose for a seventh-straight day yesterday, boosted by supermarkets after a trading update from Wm Morrison, and after strong US quarterly results, with miners also lending support. The FTSE 100 closed 37.55 points higher, or 0.9 per cent, at 4,481.17, following a gain of 1.3 per cent on Monday. The index [...]
Autonomy slips on missed forecasts but banks lift FTSE July 16, 2009 UPBEAT results from JP Morgan boosted banks while energy and pharmaceutical stocks also gained, leading Britain’s top share index to close at a one-month high, up for a fourth session yesterday. The index was trading in slightly negative territory in early trade but the JP Morgan results which were announced around mid-session lifted the FTSE [...]