U.K. & Ireland
Stocks Rise for First Time in Five Days on Global Growth; Rio, Lonmin Gain U.K. stocks rose for the first time
in five days, led by basic-resources and financial companies,
after a jump in existing U.S. home sales added to signs the
global economy is recovering.
Lloyds Banking Group to Issue Up to $13 Billion of Contingent Securities Lloyds Banking Group Plc, the U.K.’s
biggest mortgage lender, will issue about $13 billion of
enhanced capital notes, new bonds designed to boost the bank’s
ability to absorb losses.
Cadbury Rises to Record on Speculation of Nestle Bid, Higher Kraft Offer Cadbury Plc rose to a record in
London trading after Nestle SA was said to weigh a takeover, the
Wall Street Journal said Hershey Co.’s controlling trust wants
the U.S. company to make an offer, and Reuters reported that
Kraft Foods Inc. may raise its bid.
Chi-X Europe, Alternative Trading System, May Name Alasdair Haynes as CEO Alasdair Haynes may be named chief
executive officer of Chi-X Europe Ltd., the region’s biggest
alternative trading system, according to three people familiar
with the situation.
British Would-Be Borrowers Resist Approved Bank Credit as Loan Demand Dips A year ago, as Britain’s property
market began to collapse, housebuilder Persimmon Plc owed 960
million pounds ($1.6 billion). Today, Chief Financial Officer
Michael Killoran has slashed that debt by 58 percent.
U.K. Companies Will Rely Less on Banks After Crisis, Business Lobby Says U.K. companies plan to rely less on
banks for credit in favor of funding from bonds and equities,
according to a survey for the Confederation of British Industry.
N.M. Rothschild & Sons Appoints UKFI's John Kingman as Managing Director John Kingman, chief executive
officer of the body charged with overseeing the U.K.
government’s stakes in banks, is to join the investment bank
N.M. Rothschild & Sons Ltd. as a managing director.
Dollar Slump Persisting as Most Accurate Forecasters See No Bottom in 2010 The most accurate dollar forecasters
predict the world’s reserve currency will continue sliding even
when the Federal Reserve begins to raise interest rates, which
policy makers say is an “extended period” away.
Woman Who Sank Galleon Was Beauty-Queen-Turned-Analyst Allegedly With Tips Danielle Chiesi spent a lot of time
in hotel ballrooms and bars during the past decade.
Cameron Says Shrinking Deficit Is Key to U.K. Growth, Clashing With Brown British Conservative leader David
Cameron said curbing the budget deficit would be his
government’s highest priority if he defeats Prime Minister
Gordon Brown in elections next year.
Nomos Capital's Lowe Says He Sent Explicit Latin Poem to Woman as a Joke Nomos Capital Partners Ltd. founder
Mark Lowe said he sent a “robust” quotation of a Roman poet
to a woman seeking help finding a job as a light-hearted joke.
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