Tag Archive
Friends Forever – US-FOREX.US
Like they say, fourth time’s a charm. The British investment firm Resolution has made another attempt to bid for the money-losing insurer Friends Provident, and this time a deal just might happen. The new terms stipulate that investors in Friends could receive 0.9 Resolution shares for each of their own; alternatively, the insurer’s 750,000 retail… »
Reality Check From The Bank Of – US-FOREX.US
Britain has recently been reveling in positive economic data that gave the impression its economy was suddenly and inexplicably on the mend. But the Bank of England smartly put a stop to all that on Thursday. The British central bank is expanding its quantitative easing program by a larger-than-expected 50 billion pounds , to further… »
Should Lloyds Bulk Up On Investment Banking – US-FOREX.US
It’s been a rather tragic, double whammy for Lloyds Banking Group: Not only does the lender’s deep involvement in domestic retail banking mean its fortunes are dangerously tied to Britain’s economic ups and downs, it has had to deal with billions of dollars worth of bad assets brought on from its controversial takeover of mortgage… »
Prudence Pains Lloyds – US-FOREX.US
Like a few other European banks reporting this week, Lloyds Banking Group is doing its best to put a positive spin on a stunningly bad set of results. The British bank explained Wednesday that it was being “prudent” by marking down billions of dollars worth of legacy assets it had taken on after its controversial… »
Labor Pains For British Airways – US-FOREX.US
When the dispute between British Airways and its staff to cut jobs and salaries was passed to ACAS on Wednesday, fears of another summer of strike action cast a shadow over thousands of holiday plans. But the airline’s problems with striking staff are nothing new. They began in July 2003, when an unofficial strike… »
Something Rotten In U.K. Businesses – US-FOREX.US
Nobody likes to admit to being duped-especially businesses when they fall victim to fraud. But according to a report published on Thursday, it’s happening more than ever before in the United Kingdom. In the first six months of 2009, reported cases of business fraud cost British companies 1.5 billion. And with 2008’s total reported business… »
Summer Of Love For MS – US-FOREX.US
Brits have not been the only ones benefiting from the U.K.’s unusually hot weather this summer. It also apparently helped British mid-market retailer Marks & Spencer get more goods off the shelves and post a smaller-than-expected drop in first-quarter underlying sales.And while its chief executive, Stuart Rose, said he was “cautious about the outlook for… »
Vodafones T-Mobile Play – US-FOREX.US
Britain’s crowded mobile phone sector has been great for consumers, but terrible for the margins of its five big players. That’s why reports on Monday that Vodafone was exploring a bid to buy T-Mobile U.K., the British mobile network unit belonging to Deutsche Telekom, came as little surprise. Not only had Deutsche Telekom booked a… »