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Stock Market & Financial Investment News

News Breaks
December 10, 2013
06:05 EDTLYGLloyds Banking selling 21% stake in St. James Place
Lloyds Banking Group yesterday announced its intention to sell approximately 109 million ordinary shares in St Jamesís Place plc, representing approximately 21% of St Jamesís Placeís existing issued ordinary share capital, and comprising Lloydsí entire remaining shareholding in the company. On completion of the placing, assuming the sale of a 21% stake, the group will realize a gain on sale of approximately GBP95M. On a pro forma fully loaded CRD IV basis, it is estimated that the placing will increase the groupís common equity tier 1 capital by approximately GBP670M, equivalent to an approximate 24 basis points benefit. Reference Link
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April 16, 2014
07:25 EDTLYGHitachi gathers $4.5B to finance Scotland-London express trains, Bloomberg says
Hitachi (HTHIY) has gathered $4.5B from an array of international institutions to fund its contract to construct 65 high-speed express trains to use on Britainís East Coast rail line between Scotland and London, according to Bloomberg, citing a company spokeswoman. Some of the lenders include the Bank of Tokyo-Mitsubishi, Japan Bank for International Cooperation, HSBC (HSBC), Lloyds Banking (LYG) and the European Investment Bank. Reference Link

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