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Stock Market & Financial Investment News

News Breaks
March 6, 2014
07:49 EDTLYG, BCS, RDS.AScotland warned on independence by three FTSE 100 members, Telegraph says
Three members of the U.K.'s FTSE 100 index, Royal Dutch Shell (RDS.A), Barclays (BCS) and Lloyds Banking (LYG), have spoken for the first time of the potential problems should Scotland leave the U.K., warning that the Scottish people face economic risks if they vote in favor of independence, reported The Telegraph. Reference Link
News For A;BCS;LYG From The Last 14 Days
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March 26, 2015
07:18 EDTLYGU.K. lowers stake in Lloyds Banking by 1%, WSJ reports
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March 25, 2015
18:16 EDTBCSSFX Entertainment CEO Sillerman engages Barclays Capital, Jefferies
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March 24, 2015
09:10 EDTADako announces collaboration agreement with Amgen
Dako, an Agilent Technologies (A) company, announced a new Master Collaboration Agreement with Amgen (AMGN). The expanded collaboration will allow both companies to benefit from knowledge-sharing within the field of drug-diagnostic research and development in general, and in relation to companion diagnostic products in particular. The financial details of the agreement were not disclosed.
March 20, 2015
06:21 EDTLYGLloyds Banking confirms sale of shares to Sabadel
Lloyds Banking notes the announcement by TSB Banking in relation to the agreed terms of the recommended cash offer for TSB Banking by Banco de Sabadell, pursuant to which Sabadell will acquire the entire issued and to be issued share capital of TSB. The Group has agreed to sell a 9.99% interest in TSB to Sabadell, and the Group has entered into an irrevocable undertaking to accept the Offer in respect of its entire remaining 40.01% shareholding in TSB. Under the terms of the Offer, TSB Banking Group plc shareholders will receive 340 pence per share in cash for each TSB share, which values the entire issued share capital of TSB at approximately GBP 1.7B. Reference Link
05:57 EDTLYGLloyds to sell 50% stake in TSB to Sabadell, Financial Times reports
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March 18, 2015
08:31 EDTAAgilent names president and COO Mike McMullen as CEO
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07:27 EDTBCSFreeport seeks funding from Blackstone, Apollo, Reuters says
Freeport McMoRan (FCX) has hired Goldman Sachs (GS) and Barclays (BCS) to find private equity firms willing to finance certain of its energy projects and asset developments, reports Reuters, citing people familiar with the matter. Freeport is in talks with Blackstone (BX), Apollo (APO), and Warburg Pincus about a potential partnership. The sources say the firm may be seeking "several billion dollars," though discussions are in "very early" stages. Reference Link
07:20 EDTBCSU.S. considers 'tearing up' non-prosecution deals with banks, Bloomberg says
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March 17, 2015
14:37 EDTBCSCiti, Barclays near $800M settelement of forex suit, WSJ says
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March 16, 2015
14:08 EDTBCS, LYGEU regulator says time for fine-tuning, Reuters says
The Basel Committee on Banking Supervision believes the necessary bank regulatory framework is in place though some additional work must be done to finalize leverage ratio and capital floor rules, Reuters reported yesterday, citing statements by secretary-general William Coen at a financial conference in Doha. Coen added, "We're now at the state where we can take a step back and look to see how [the regulations] fit together," cautioning that further analysis must be data-driven but admitting that both banks and regulatory bodies were feeling "regulation fatigue." Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
March 13, 2015
15:40 EDTBCSDOJ sets $1B staring point in forex settlement talks with banks, Bloomberg says
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15:22 EDTBCSDOJ starts forex manipulation settlement talks at $1B per bank, Bloomberg says
Barclays (BCS), Citi (C), JPMorgan (JPM), RBS (RBS) and UBS (UBS) are said to be probed by U.S. over currency manipulation, Bloomberg says.
09:49 EDTAUBS life science tools/diagnostics analyst has analyst/industry conference call
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07:18 EDTBCSBarclays new chairman expected to change investment bank unit, WSJ says
John McFarlane, a former restructuring professional, will become chairman of Barclays next month and may accelerate the bank's move away from investment banking, reports the Wall Street Journal, citing analysts including Chirantan Barua of Bernstein Research. However, it is not clear whether McFarlane will attempt to turn the investment bank unit profitable, or simply cut it down, notes Barua. The Journal notes that McFarlane has told friends that his goal will be to boost shareholder returns rather than changing the bank's culture. Reference Link

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