Lloyds TSB and HBOS's share price rose, but the overall decline in commodity stocks led the London stock market closed moderately down. Lloyds TSB (LYG) shares rose 7%. HBOS's share price growth of 5.4 percent. As widely expected, the value of HBOS shareholders 13 billion pounds (about 19.6 billion U.S. dollars) financing scheme lukewarm, which means that the British Government to obtain newly issued HBOS shares 99 percent.
The market value of these shares has been lower than the issue price. Once Lloyd completed the acquisition of HBOS, the British Government will have after the merger the new company's shares 43.4 percent.
Credit Suisse analysts announced that Lloyd's stock rating from "market as" upward "and the market flat" on the grounds that the lower valuation and the British Government could help the banking industry to reduce high-risk assets.
Credit Suisse also said the British Ministry of Finance is expected to be carried out with the banks to cooperate more closely in order to reduce the difficulty of financing - including the expansion of the existing credit guarantee scheme will join the asset-backed securities, rather than forcing banks to raise more capital.
Higher today, shares of major banks are Royal Bank of Scotland, Barclays (BCS) and HSBC (HBC), followed by its stock rose 3.6%, 3.1% and 1.6%.
As of 4:30 pm London time Monday (Beijing Tuesday 0:30), the overall situation of Sino-British shares vane: FTSE 100 index fell 22.35 points to close at 4426.19 points, or 0.5 percent.
Other European markets were also lower, at midday the U.S. fell by about 1%. Mineral extraction are BHP Billiton (BHP) shares fell 3.3 percent, oil provider: British Petroleum (BP) shares closed down 1.9 percent.
British shares closed in New York light sweet crude oil futures fell to 40 U.S. dollars / barrel following a decrease of 3.15 U.S. dollars to 37.67 U.S. dollars. Oil prices last Friday suffered a poor U.S. employment data hit. Today, gold (180, -6.85, -3.68%,吧) also showed weakness, the most recent contract fell 30 U.S. dollars to 825 U.S. dollars / oz.
3i Group rating was raised ratings drop Aberdeen
London market today, the big losers are 3i Group, and its shares fell 4.7%. Morgan Stanley announced that it would 3i's stock rating from a "super-distribution" down to "even distribution of wealth", which is itself in the British-listed investment company for re-assessment as an integral part.
The broker pointed out: "Although 3i's shares rebounded from a low of 45 percent over, but we think that it shares the risk / return ratio has become more balanced, we have turned more optimistic about the position of the former must be with the sale of assets reduce the debt and capital stress-related information more transparent. "
At the same time, Morgan Stanley will Aberdeen Asset Management company's stock rating from "even distribution of wealth" upward "super-distribution." Aberdeen's shares rose 1.3%.
Morgan Stanley, said: "In view of the implementation of Aberdeen experience and improve the balance sheet, we believe that the company has further value-added from the transaction to benefit the best prepared to do a good job. We believe that the implementation of more experience with Aberdeen appear different people. "
The Wall Street firm also said that the issue of fundamentals still cautious stance, is expected to mutual fund sales will continue to be Schroders, Henderson and F & C Asset Management Corporation is facing a major problem. This is followed by the three company's stock closed down 5.3%, 4.1%, 2.3%.
The City AM reported that, Schroders and Henderson, as well as the Neptune, Hellman & Friedman are interested in the acquisition of New Star Asset Management (New Star Asset Management). New Star's shares rose 34.5 percent, closing price of 6 pence a breakthrough.
Rising Star this morning announced that a number of companies are considering the initial intention of the transaction, including the sale of the company. More than the media reported that the current acquisition of the fund management's offer of about 100 million pounds.
Inchcape considering the adjustment of capital structure
Automotive retailer Inchcape's stock fell 6.2 percent. The company announced, is to "adjust the capital structure of a series of options" to assess, including the issue of new shares. Inchcape reiterated its 2009 financial performance of the basic expectations, and said he would continue to implement the financing plan.
Real estate unit, Great Portland Estates shares fell 3.8%, Derwent London's shares fell 2.2 percent. JP Morgan announced that the two companies a rating from "neutral" from "underweight." The Wall Street firm noted that the study in their own real estate companies in 32 European, 70% of the companies are facing can not achieve the requirements of the credit agreement or the question of financing, 34 percent of the company is expected to need to raise new capital.
Original article reprint please specify: Reprinted from
http://mengziren.blogspot.com
Content for information purposes only and does not constitute investment advice. Accordingly investors operate your own risk.
The market value of these shares has been lower than the issue price. Once Lloyd completed the acquisition of HBOS, the British Government will have after the merger the new company's shares 43.4 percent.
Credit Suisse analysts announced that Lloyd's stock rating from "market as" upward "and the market flat" on the grounds that the lower valuation and the British Government could help the banking industry to reduce high-risk assets.
Credit Suisse also said the British Ministry of Finance is expected to be carried out with the banks to cooperate more closely in order to reduce the difficulty of financing - including the expansion of the existing credit guarantee scheme will join the asset-backed securities, rather than forcing banks to raise more capital.
Higher today, shares of major banks are Royal Bank of Scotland, Barclays (BCS) and HSBC (HBC), followed by its stock rose 3.6%, 3.1% and 1.6%.
As of 4:30 pm London time Monday (Beijing Tuesday 0:30), the overall situation of Sino-British shares vane: FTSE 100 index fell 22.35 points to close at 4426.19 points, or 0.5 percent.
Other European markets were also lower, at midday the U.S. fell by about 1%. Mineral extraction are BHP Billiton (BHP) shares fell 3.3 percent, oil provider: British Petroleum (BP) shares closed down 1.9 percent.
British shares closed in New York light sweet crude oil futures fell to 40 U.S. dollars / barrel following a decrease of 3.15 U.S. dollars to 37.67 U.S. dollars. Oil prices last Friday suffered a poor U.S. employment data hit. Today, gold (180, -6.85, -3.68%,吧) also showed weakness, the most recent contract fell 30 U.S. dollars to 825 U.S. dollars / oz.
3i Group rating was raised ratings drop Aberdeen
London market today, the big losers are 3i Group, and its shares fell 4.7%. Morgan Stanley announced that it would 3i's stock rating from a "super-distribution" down to "even distribution of wealth", which is itself in the British-listed investment company for re-assessment as an integral part.
The broker pointed out: "Although 3i's shares rebounded from a low of 45 percent over, but we think that it shares the risk / return ratio has become more balanced, we have turned more optimistic about the position of the former must be with the sale of assets reduce the debt and capital stress-related information more transparent. "
At the same time, Morgan Stanley will Aberdeen Asset Management company's stock rating from "even distribution of wealth" upward "super-distribution." Aberdeen's shares rose 1.3%.
Morgan Stanley, said: "In view of the implementation of Aberdeen experience and improve the balance sheet, we believe that the company has further value-added from the transaction to benefit the best prepared to do a good job. We believe that the implementation of more experience with Aberdeen appear different people. "
The Wall Street firm also said that the issue of fundamentals still cautious stance, is expected to mutual fund sales will continue to be Schroders, Henderson and F & C Asset Management Corporation is facing a major problem. This is followed by the three company's stock closed down 5.3%, 4.1%, 2.3%.
The City AM reported that, Schroders and Henderson, as well as the Neptune, Hellman & Friedman are interested in the acquisition of New Star Asset Management (New Star Asset Management). New Star's shares rose 34.5 percent, closing price of 6 pence a breakthrough.
Rising Star this morning announced that a number of companies are considering the initial intention of the transaction, including the sale of the company. More than the media reported that the current acquisition of the fund management's offer of about 100 million pounds.
Inchcape considering the adjustment of capital structure
Automotive retailer Inchcape's stock fell 6.2 percent. The company announced, is to "adjust the capital structure of a series of options" to assess, including the issue of new shares. Inchcape reiterated its 2009 financial performance of the basic expectations, and said he would continue to implement the financing plan.
Real estate unit, Great Portland Estates shares fell 3.8%, Derwent London's shares fell 2.2 percent. JP Morgan announced that the two companies a rating from "neutral" from "underweight." The Wall Street firm noted that the study in their own real estate companies in 32 European, 70% of the companies are facing can not achieve the requirements of the credit agreement or the question of financing, 34 percent of the company is expected to need to raise new capital.
Original article reprint please specify: Reprinted from
http://mengziren.blogspot.com
Content for information purposes only and does not constitute investment advice. Accordingly investors operate your own risk.
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