Tag Archives: London
Sterling hits 5-month high vs dollar
July 27 (Reuters) – Sterling extended gains against the dollar on Tuesday, rising to a five-month high, as investors tentatively stepped into risk-taking trades. The pound rose as high as $1.5530 GBP=D4, its highest since late February. It was last at $1.5518, up 0.2 percent on the day. (Reporting by London forex team)
CNS Welcomes Go Markets to San Diego Datacenter
SAN DIEGO, CA, Jul 25 (MARKET WIRE) — Commercial Network Services is pleased to announce the arrival of Australia’s leading FOREX broker to the CNS San Diego datacenter. Go Markets has added a new server in the CNS San Diego datacenter to their global MT4 network. The new server will result in better performance for [...]
Bulk of MF Global London fuel oil team quit -industry sources
July 22 (Reuters) – Futures broker MF Global Holdings (MF.N) has lost eight brokers from their nine-man London fuel oil swaps broking desk, two industry sources said on Thursday. The eight brokers resigned earlier this month, and are currently serving out their “garden leave”, an industry source told Reuters. The remaining member of the team [...]
UPDATE 1-BP says cost of spill about $3.5 bln
LONDON, July 12 (Reuters) – BP Plc (BP.L) (BP.N), which is making progress with a new containment system for its ruptured well in the Gulf of Mexico, said on Monday the cost of the spill had risen to about $3.5 billion. It also said more than 52,000 payments have been made to claimants, totalling almost [...]
Euro adds to broad gains, hits 2-mth high vs dollar
July 9 (Reuters) – The euro hit a two-month high against the dollar and rose broadly on Friday as improving risk demand prompted European banks to pick up the currency. The euro EUR= climbed as high as $1.2723 according to electronic trading platform EBS. London traders cited demand from a Swiss bank from around $1.2680 [...]
UPDATE 1-EasyJet June passengers rise 9.4 pct
LONDON, July 6 (Reuters) – British budget airline easyJet (EZJ.L) flew 9.4 percent more passengers in June year-on-year, its largest monthly increase since before flights were interrupted by a volcanic ash cloud from Iceland in April. The airline carried 4.54 million passenger in June, up from 4.15 million a year ago, while its load factor [...]
UPDATE 1-Falkland Oil and Gas says drill results delayed
LONDON, JULY 5 (Reuters) – British oil and gas explorer Falkland Oil and Gas (FOGL.L) (FOGL) said preliminary results for its Toroa well will be delayed by one week because of operational and weather problems. “FOGL now expects to announce the preliminary results of the Toroa F61/5-1 well during the week commencing Monday 12 July [...]
EURO BONDS-BAT dual tranche bond
June 25 (Reuters) – News, details on corporate bond issues in the European markets on Friday: Stocks | Bonds | Global Markets BAT (BATS.L) Issue: Cigarette maker British American Tobacco is selling a dual-tranche bond, an official with one of the banks managing the sale said. The deal comprises a 10-year 600 million euro bond [...]
Dollar falls to one-month low vs yen
June 24 (Reuters) – The dollar fell to a one-month low against the yen on Thursday as the greenback stayed pressured by the U.S. central bank’s pledge to keep rates low for some time. The dollar fell to 89.63 yen JPY=, its lowest since late May. “Price action in the likes of dollar/yen remains poor, [...]
UPDATE 1-Resolution sets sub-underwriting fee-source
LONDON, June 24 (Reuters) – Sub-underwriters for Resolution’s (RSL.L) 2.75 billion purchase of AXA’s (AXAF.PA) British life insurance business will receive a commission fee of 1.75 percent, a person familiar with the matter said on Thursday. Resolution said in a statement that leading shareholders had already underwritten 52 percent of the cash call, around 2 [...]
EURO BONDS-Europcar plans 7-year senior secured bond
Mandate: The car rental firm is planning a 7-year 250 million euro senior secured note, callable after 4 years, according to two sources familiar with the deal. A roadshow is planned for June 22-24. Managing banks: JP Morgan, Deutsche Bank Expected ratings: Moody’s B2, S&P B+ (London Corporate Finance: +44 207 542 8389)
UPDATE 1-M&B appoints Interserve’s Tim Jones in FD rejig
LONDON, June 22 (Reuters) – British pubs and restaurant group Mitchells & Butler (MAB.L) has appointed Interserve’s (IRV.L) Tim Jones as finance director replacing Jeremy Townsend, who is joining Rentokil (RTO.L) as CFO at the end of August. Meanwhile Interserve said Tim Jones, who has tendered his resignation to take up the role at M&B, [...]
BP to raise $50 billion for oil spill costs: report
(Reuters) – BP (BP.L) is planning to raise $50 billion to cover the cost of the largest oil spill in U.S. history, London’s Sunday Times reported without citing sources. The paper said BP planned to raise $10 billion from a bond sale, $20 billion from banks and $20 billion from asset sales over the next [...]
BP to raise $50 bln for oil spill costs – report
June 20 (Reuters) – BP (BP.L) is planning to raise $50 billion to cover the cost of the largest oil spill in U.S. history, London’s Sunday Times reported without citing sources. The paper said BP planned to raise $10 billion from a bond sale, $20 billion from banks and $20 billion from asset sales over [...]
UPDATE 1-African Minerals says CRM investment completed
LONDON, June 16 (Reuters) – African Minerals Ltd (AMIq.L) said a proposed 167.8 million pound ($260 million) investment by China Railway Materials (CRM) to develop the Tonkolili iron ore project has been completed following Chinese government approval. As previously announced, CRM will take a 12.5 percent stake in African Minerals as a result of the [...]
UPDATE 1-Chaarat Gold says unaffected by Kyrgyz clashes
June 15 (Reuters) – Chaarat Gold Holdings Ltd (CGH.L), a gold exploration company in Kyrgyzstan, said its operations in Bishkek and at site in the north west of the country have been unaffected by the ethnic violence in the south. Shares in London-listed Charaat fell 7.1 percent on Monday as the number of people killed [...]
Chaarat Gold says unaffected by Kyrgyz clashes
LONDON, June 15 (Reuters) – Chaarat Gold Holdings Ltd (CGH.L), a gold exploration company in Kyrgyzstan, said its operations in Bishkek and at site in the north west of the country have been unaffected by the ethnic violence in the south. Shares in London-listed Charaat fell 7.1 percent on Monday as the number of people [...]