Lloyds TSB unveils 5.5 per cent bond for retail investors March 8, 2011 LLOYDS TSB launched a five-year corporate bond for retail investors yesterday, following its first offering to private bond investors last June. The bonds will pay 5.5 per cent interest at a fixed rate until the notes mature in September 2016. Lloyds and Royal Bank of Canada are underwriting the scheme. Lloyds expects to raise at [...]
Lloyds TSB unveils 5.5 per cent bond for retail investors March 8, 2011 LLOYDS TSB launched a five-year corporate bond for retail investors yesterday, following its first offering to private bond investors last June. The bonds will pay 5.5 per cent interest at a fixed rate until the notes mature in September 2016. Lloyds and Royal Bank of Canada are underwriting the scheme. Lloyds expects to raise at [...]
Retailers and mining stocks power rebound in the FTSE March 24, 2011 RETAILERS were among the top performers in a rally in Britain’s top share index yesterday that took the FTSE 100 back to levels last seen just before the earthquake in Japan. Results from Kingfisher and Next showed how some retailers can overcome tough trading conditions in the UK. Kingfisher, which hiked its dividend and reported [...]
CITY MOVES | WHO’S SWITCHING JOBS March 23, 2011 Mayer Brown The City law firm has boosted its asset finance team with the hire of former Orrick Herrington & Sutcliffe European managing partner Stuart McAlpine. McAlpine focuses on cross-border asset and project finance transactions in the shipping, offshore and energy sectors. At Orrick, he spent time in the firm’s Singapore, London and Paris offices. [...]
CITY MOVES | WHO’S SWITCHING JOBS March 23, 2011 Mayer Brown The City law firm has boosted its asset finance team with the hire of former Orrick Herrington & Sutcliffe European managing partner Stuart McAlpine. McAlpine focuses on cross-border asset and project finance transactions in the shipping, offshore and energy sectors. At Orrick, he spent time in the firm’s Singapore, London and Paris offices. [...]
ITV CREWS CATCH BANKERS ON CAMERA FOR NEW LEGAL DRAMA April 11, 2011 LUNCHBREAKS for the employees of Bank of New York Mellon Asset Management will never be the same again, after ITV rolled into the firm’s neighbourhood last Thursday to film its new legal drama The Jury. The ITV camera crews have been filming on location just a stone’s throw from BNY Mellon’s Queen Victoria Street HQ [...]
ITV CREWS CATCH BANKERS ON CAMERA FOR NEW LEGAL DRAMA April 11, 2011 LUNCHBREAKS for the employees of Bank of New York Mellon Asset Management will never be the same again, after ITV rolled into the firm’s neighbourhood last Thursday to film its new legal drama The Jury. The ITV camera crews have been filming on location just a stone’s throw from BNY Mellon’s Queen Victoria Street HQ [...]
Boris favours ring-fencing of UK banks April 10, 2011 LONDON mayor Boris Johnson, a staunch defender of the City, has said that he supports a form of ring-fencing, or subsidiarisation, of banks’ activities to promote financial stability. The mayor was speaking a day before the publication of an interim report by the Independent Commission on Banking (ICB), which will release its initial findings this [...]
FTSE rally continues despite earnings woes for retailers March 30, 2011 THE FTSE 100 closed higher for a sixth consecutive session yesterday, its best run since August 2010, as investors ditched retailers over earnings worries in favour of growth sectors such as industrials and mining. Dixons issued a profit warning and gloomy outlook as a survey from the CBI showed the underlying trend for retail sales [...]
FTSE rally continues despite earnings woes for retailers March 30, 2011 THE FTSE 100 closed higher for a sixth consecutive session yesterday, its best run since August 2010, as investors ditched retailers over earnings worries in favour of growth sectors such as industrials and mining. Dixons issued a profit warning and gloomy outlook as a survey from the CBI showed the underlying trend for retail sales [...]