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No more loans in India, says Barclays
News Banking giant Barclays is to stop giving retail loans in India, a decision which those involved in the plans say could result in 200 job cuts back in the UK.
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Media Square shares suspended
News Shares in AIM-listed Media Square have been suspended after its bank refused the firm additional funding.
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Thursday preview: ECB, BoE, Mulberry, Ashtead
News In focus on Thursday will be the interest rate decisions from both the European Central Bank (ECB) and the Bank of England (BoE). With the BoE expected to freeze rates at 0.5% and leave its stimulus plans unchanged, an announcement by the ECB will likely take centre-stage given the severity of the current crisis in Europe, particularly as markets look ahead to the EU summit on Thursday evening.
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Lloyds selects Lone Star as preferred bidder
News Lone Star, a US private equity group, has been named as the exclusive bidder for £900m-worth of distressed property loans currently owned by Lloyds Banking Group, according to the Financial Times.
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Micro Focus secures new debt facility
News Micro Focus International, the acquisitive legacy software firm, has agreed a new three-year banking facility with an enlarged group of banks for $275m.
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Ladbrokes agrees new banking facilities
News Ladbrokes, the FTSE 250 bookmakers, has agreed new banking facilities worth £540m.
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RBS sells 918 pubs
News Royal Bank of Scotland (RBS) is to sell its tenanted pub business of 918 pubs to the Scottish and Newcastle Pub Company (S&NPC) for £418m.
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Petra Diamonds subsidiary gains loan facilities
News Petra Diamonds's wholly owned subsidiary Afropean Diamonds has entered into an agreement with Rand Merchant Bank for new debt facilities of ZAR400m (around $48m).
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Markets welcome £200m lifeline for Thomas Cook
News Shares in troubled tour-operator Thomas Cook shot up on Monday morning in reaction news issued late on Friday that the cash-strapped firm has reached an agreement with its bankers to provide the company with a new lending facility.
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