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Rodney Baker-Bates, the former Deputy Chairman of the Co-operative Bank, said he resigned because he was against its plans to buy hundreds of branches from Lloyds Banking Group. He told the parliament's Treasury Select Committee that he believed the proposed acquisition to be a "giant step too far"
28 Jan 14 10:58LONDON, Jan 28 (Reuters) - The former deputy chairman of the Co-operative Bank said he stepped down because he opposed its plans to buy hundreds of branches from Lloyds Banking Group. Rodney Baker-Bates told parliament's Treasury Select Committee that he considered the proposed acquisition
28 Jan 14 10:22- FTSE to drop as risk appetite weakens - Japanese data comes in below expectations - All eyes on Wednesday's Fed meeting City sources predict the FTSE 100 will open 60 points below Friday's close of 6,663.7, with investors feeling risk averse ahead of a key week for markets and after Japanese data
27 Jan 14 07:00Jan 26 (Reuters) - Tens of thousands of customers of banks owned by Britain's Lloyds Banking Group were unable to use their debit and ATM cards for several hours on Sunday as an apparent technical glitch hit its system. "We apologise that earlier today, between 3 p.m. and 6 p.m., some custo
26 Jan 14 20:51US activist investors are plotting to force Tesco, Sainsbury's and Morrisons to split off their property holdings, the Sunday Times reported. The plan, led by activist fund Elliott, would require them to put their property holdings into separate companies and to sell minority stakes on the stock exc
26 Jan 14 16:51* Opposition Labour vows to deliver budget surplus if elected * Commits to raising top tax rate to 50 pence in pound * Business groups fear impact on competitiveness LONDON, Jan 25 (Reuters) - Britain's opposition Labour Party promised on Saturday to balance the government's boo
25 Jan 14 12:49LONDON, Jan 24 (Reuters) - Britain's opposition Labour Party has promised to balance the government's books - excluding investment spending - within the next parliament if it wins next year's election. Ed Balls, Labour's would-be finance minister, will make the pledge on Saturday, setting o
24 Jan 14 22:00- Markets at lowest level since December 20th - EM currency weakness hits risk appetite - Aberdeen sinks sharply on EM worries after broker downgrade techMARK 2,789.84 -1.34% FTSE 100 6,663.74 -1.62% FTSE 250 15,703.44 -1.73% The FTSE 100 suffered triple-digit falls on Friday, dropping to levels n
24 Jan 14 17:05Fund manager Aberdeen fell sharply in today's session after receiving a ratings downgrade by Morgan Stanley to 'underweight'. The bank said that a deteriorating fund performance compounds challenging emerging-market fundamentals, 'increasing the risk of negative revisions and a further multiple de-r
24 Jan 14 14:31Fund manager Aberdeen was a heavy faller on the FTSE 100 on Friday after a ratings downgrade by Morgan Stanley from 'equal weight' to 'underweight'. The bank said that a "deteriorating" fund performance at Aberdeen compounds challenging fundamentals in the emerging markets (EM). This "increases th
24 Jan 14 12:11- Aberdeen, Lloyds, easyJet, Whitbread hit by downgrades - US stock futures point to another sell-off - Carney hints at scrapping forward guidance techMARK 2,800.83 -0.95% FTSE 100 6,697.93 -1.11% FTSE 250 15,732.15 -1.55% UK markets were trading down over one per cent by Friday lunchtime with a n
24 Jan 14 11:20Investec has cut its rating for Lloyds Banking Group from 'buy' to 'hold', saying that expectations for 2013 are still "slightly frothy". The target price has been left at 85p. Analyst Ian Gordon played down concerns about Ed Milliaband's suggestion for UK banks to sell branches in an effort to li
24 Jan 14 11:05Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
24 Jan 14 08:35Jan 23 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email to moves@thomsonreuters.com. AVIVA PLC The British insurer is being forced to hunt for a new chief financial officer in the middle of a compan
23 Jan 14 20:54Jan 23 (Reuters) - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email to moves@thomsonreuters.com. AVIVA PLC The British insurer is being forced to hunt for a new chief financial officer in the middle of a compan
23 Jan 14 14:49
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