Banking stocks are rock bottom, which could mean it’s time to buy July 18, 2008 Financials are at bargain basement prices and it could be time to get involved, reports Esther Shaw Northern Rock has been one of the most spectacular victims of the credit crisis, but much of the banking sector has experienced some stormy weather over the last year. Even large institutions like Barclays and Royal Bank of [...]
Money can still be made during bear market slump July 9, 2008 Even as the market yesterday dipped its toe into official bear territory, there’s still money to be made. Equities may be falling out of favour but currencies, commodities and good old-fashioned cash are still in demand as investments likely to weather the current financial storm. “Depending on your time scale, banking stocks look cheap if [...]
HBOS City advisers rights issue storm July 22, 2008 Investment bankers at Morgan Stanley and Dresdner Kleinwort will have breathed a collective sign of relief yesterday when they managed to find buyers for 29 per cent of the HBOS rights issue rump. The whole experience has been an unnerving one for the bank and its advisers, left holding billions of pounds worth of HBOS [...]
Using CFDs to jazz up a DIY pension July 1, 2008 New rules on Sipps mean that there are even more ways to plan for the future, says Katie Hope Last week, the government announced that as of October, the estimated 10 million people holding money in protected rights pension pots will be able to transfer it into a Self Invested Personal Pension, otherwise known as [...]
Communisis in new talks of a takeover October 28, 2005 Printing company Communisis yesterday confirmed that it was in its second set of takeover talks this year. The Leeds-based group said the discussions are at an early stage with what it described as “a small number of other parties”. But, the group said, “it is far from certain that they will lead to an offer [...]
Prudential decides to keep Egg October 27, 2005 The CEO of Prudential yesterday vowed to work on closer integration of three key businesses as he revealed results of a long-awaited strategy review. Mark Tucker said the insurer planned to integrate M&G more closely with online bank Egg and the British insurance business, raising the prospect of job cuts. He said that closer integration [...]
Brussels meddlers will ruin the Premiership October 28, 2005 The Barclays Premiership is widely regarded as the best football league in the world. A key ingredient of the Premier League’s success has been its ability to attract the top players. Top stars cost big bucks, and the money that the media companies have pumped in has helped the clubs to compete in the market [...]
Smith & Nephew hit by rejection October 28, 2005 Europe’s largest seller of orthopaedic devices saw its shares tumble to a two-year low after it abandoned producing a key leg ulcer treatment when America turned it down, but its sales are up. Smith & Nephew has abandoned production of a key leg ulcer treatment after it failed to win approval for the American market. [...]
Do the banks have a Plan B? October 28, 2005 Now that consumer spending is slowing down, the banking sector needs to look for new sources of growth. British banks have investors worried. Not because of their current profitability, which is healthy, but because a slowdown in the economy may hit this industry harder than most. The banking sector still continues to make profits. In [...]
Violet Hue October 18, 2005 Tchenguiz is the last man standing in the race for Somerfield. Another one bites the dust. Amid talk of a high-street bloodbath in the run-up to Christmas, Somerfield has joined the lengthening list of retailers opting to leave the glare of the stock market. Of course, the announcement surprised no one. Somerfield has been on [...]