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Old Mutual agrees £2.1bn sale of Skandia - UPDATE
News Old Mutual, the FTSE 100 savings and investment group is to sell its Nordic business Skandia AB for £2.1bn in an effort to "reduce complexity" and pay down debt.
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Old Mutual agrees £2.1bn sale of Skandia
News Old Mutual, the FTSE 100 savings and investment group is to sell its Nordic business Skandia AB for £2.1bn in an effort to "reduce complexity" and pay down debt.
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Lloyds' boss to return to daily grind on January 9th
News Shares in part-nationalised lender Lloyds Banking Group rallied on Wednesday afternoon after it was announced that Group Chief Executive António Horta-Osório has been given a clean bill of health to return to his post.
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Monitise rockets on half year guidance
News Monitise, the mobile banking company, has seen its shares rocket this morning after issuing positive guidance on revenues for the six months to the end of December.
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Wednesday preview: Thomas Cook, Supergroup, Unemployment
News Results from cash-strapped package tour firm Thomas Cook were initially due to be announced on November 24th but had to be delayed because, not to put too fine a point on it, the company was up a well-known creek and was looking for a paddle at the time. Having sorted out its cash-flow difficulties after some assistance from its bankers, the full-year figures are set to be announced at 7:00am on Wednesday.
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Petrolatina refinances on better terms
News PetroLatina, an independent oil and gas exploration and production company, has tied up a refinancing deal with French bank BNP Paribas.
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FSA sees mix of factors behind the failure of RBS
News In a much awaited report published this morning, the Financial Services Authority concludes that there were seven factors which, when combined, led to the near-collapse of Royal Bank of Scotland (RBS). One such factor was the bank's poor management decisions.
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Lloyds boss has to 'reapply for own job'
News Lloyds Banking Group boss Antonio Horta-Osorio is ready to return to work, but will have to effectively reapply for his own job, according to media reports.
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Moody's downgrades biggest French banks
News Credit rating agency Moody's has downgraded France's three big banks due to their problems with borrowing money.
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