Bank Stocks
The latest news, updates and opinions on Bank Stocks from the expert team here at MoneyWeek
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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.
By moneyweek Published
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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).
By moneyweek Published
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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.
By moneyweek Published
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Rolls-Royce hedges against increased life expectancy
News Rolls-Royce, the trustees of the engine-maker's pension fund and Deutsche Bank have got together to agree a deal that will reduce the risk on around £3bn of the fund's liabilities.
By moneyweek Published
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Premier Farnell completes £200m refinancing deal
News Electronic components supplier Premier Farnell said a deal to refinance its banking debt would give the firm medium term funding security and help it pay off expensive debts.
By moneyweek Published
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Thursday preview: Dixons, Future, GDP ... but not Thos. Cook
News In some ways, Thursday's results agenda is dominated by a company which now won't be issuing its figures this week: Thomas Cook. The company yanked its results announcement scheduled for Thursday while it holds another round of emergency talks with its bankers to winkle out some more cash to tide it over the bleak mid-winter period.
By moneyweek Published
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De La Rue sees profits up but shares down
News De La Rue, the banknote and security printer, is trying to fight its way back to health after a disastrous 2010 which saw its reputation battered by a certification scandal.
By moneyweek Published
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Thomas Cook shares continue to plummet - 70% down UPDATE
News Shares in travel firm Thomas Cook have continued their downward spiral after the firm said it was in talks with its banks about borrowing more money.
By moneyweek Published
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Thomas Cook shares down 50%
News Shares in travel firm Thomas Cook plummeted this morning after the firm said it was in talks with its banks about borrowing more money.
By moneyweek Published
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