Tag Archive
BHPs Upturn Plans – US-FOREX.US
Cost consciousness is paying off at BHP Billiton. While the mining industry is still licking the wounds from an up to 90% tumble in some metal prices and faltering growth in commodity-gobbling China, the Anglo-Aussie company is keeping its eyes peeled for acquisition opportunities.
While investment in forthcoming projects would be its priority, “we do look… »
BHPReady For The Upturn – US-FOREX.US
The past twelve months were never going to be pleasant for miners, with spot prices for metals falling by up to 90%, and commodity-gobbler China witnessing faltering economic growth this year, but all in all, BHP Billiton seems to have coped as well as it could have under the circumstances.Profits at the Anglo Australian firm… »
Rights Issue A Risk Too Far For Lloyds – US-FOREX.US
Lloyds Banking Group is facing the choice between the prudent approach that it has been long been known for and a big gamble. Should it stay within the government’s asset protection program or attempt to make a bid for independence?The bank, currently 43% in the hands of the British government, is reportedly mulling a 15… »
Beijing Woos British Homeowners – US-FOREX.US
Meet the British homeowner’s newest lender: China.Bank of China, one of the country’s four, state-owned banks, is ramping up its lending business in the U.K. as British banks remain cautious in their lending.The bank, which had already been offering loans to the Chinese community in the U.K., will begin offering mortgages for landlords, known in… »
Rough Ride For RBS Lloyds – US-FOREX.US
Britain’s Royal Bank of Scotland and Lloyds Banking Group have buckled to the muscle of Brussels, submitting proposals to restructure their businesses. But whether it will be enough to satisfy the stringent requirements of the European Commission remains to be seen. Outlining the commission’s latest guidelines on conditions that must be met by banks receiving… »
Pizza Entrepreneurs Hooked On Dominos – US-FOREX.US
It’s no secret that the recession in Britain has boosted demand for cheap thrills, whether it’s a night out at the movies or staying in with a pizza, and delivery chain Domino’s Pizza UK on Monday once again wowed market watchers with a set of strong six-month results. The recession has also led to more… »
Brit Bank Watchdog Under Threat – US-FOREX.US
The recent efforts by the chair of Britain’s Financial Services Authority to reposition the organization as a “tough” regulator could be in vain. The Conservative Party – currently clearly ahead of the government in the polls – is proposing to scrap the regulatory body created by Prime Minister Gordon Brown in 1997.They’re proposing to hand… »
BA Tries To Find Its Wings – US-FOREX.US
Will 1 billion be enough to get British Airways through a dour mix of slumping premium traffic, swine flu and staffing disputes? This was certainly the hope of investors as the beleaguered British airline announced plans to raise that amount by issuing convertible bonds and tapping funding that was set aside for its pension fund.Shares… »
Burberry Hopes For Potter Magic – US-FOREX.US
Can Harry Potter star Emma Watson inject some wizardry into British fashion label Burberry? The luxury goods maker was certainly in need of a boost on Wednesday as it unveiled quarterly sales figures that disappointed an expectant market.”Expectations have been high as Burberry has done a lot to improve its business, including opening new stores… »
Deflation Vs. Disinflation – US-FOREX.US
A big slide in the rate of British inflation might have looked worrisome on Tuesday if signs of deflation are what’s spooking you-but there may be little need to fret. U.K. consumer prices fell to 1.8% in June, below the Bank of England’s target rate of 2% for the first time in nearly two years…. »