Home
Investment
News & Views
Company News
news storage
Sunday newspaper round-up: Greece, RBS, Lloyds
Tue, 07 Feb, 2012
INVESTMENT NEWS
Company Search
Search QCK.COM
Investment Home
News & Views
Top Stories
Charting
Company Search
Watchlist
Market Reports
Market Buzz
Company News
Economic News
New Issues
Other News
Sunday newspaper round-up: Greece, RBS, Lloyds
Sun, 21 Feb 2010, 14:45:00
The Business Secretary, Peter Mandelson, has told senior colleagues that he backs plans for a state-run investment bank that would use public funds and private capital to back small business and large-scale UK infrastructure projects, says the Sunday Telegraph. Greece is close to attempting a multibillion-euro bond issue, in what will be a critical test of the country's credibility in financial markets as it battles with a spiralling debt crisis and strikes. Bankers in Athens expect a syndicated bond issue to be launched within days after the government appointed a senior commercial banker yesterday as the new head of its debt agency, writes the FT. <b>Lloyds</b> and <b>Royal Bank of Scotland</b>, Britain's two largely state-owned banks, are expected to dole out more than £1.5bn in bonuses to staff this week, despite losing more than £10bn between them in 2009, reports the Independent on Sunday. The Sunday Times adds that Stephen Hester, chief executive of Royal Bank of Scotland, is in line to collect a bonus of up to £1.6m despite the bank posting losses of several billion pounds. <b>VT Group</b> is understood to have offered to return £230m to shareholders in an attempt to ward off Babcock International's £1.25bn bid for the Ftse 250 support services company, according to the Independent on Sunday. Germany's TUI AG - Europe's biggest tour operator - has held secret talks with banks about an audacious multi-billion pound plan to bid for the 48pc of FTSE 100 holiday company<b> TUI Travel</b> that it does not already own, says the Sunday Telegraph. In the latest development in the<b> Toyota</b> recall crisis, State Farm, the US insurer, said it had reviewed its records and found it had contacted safety regulators in 2004. It was initially thought State Farm had contacted the National Highway Traffic Safety Administration in late 2007, but the insurer went back to its records in light of the widespread interest provoked by Toyota's decision to recall millions of vehicles, writes the Sunday Telegraph. Alistair Darling is said to be at odds with Gordon Brown over next month's Budget as he wants to set out a "credible" medium-term plan to reduce the deficit and calm financial markets, reports the Independent on Sunday. The UK's largest mobile operator will be created as early as this week when the combined<b> Orange/T-Mobile</b> merger is given the green light by the European Commission, according to the Sunday Telegraph. Energy company <b>EDF</b> plans to build France's biggest solar-power plant at the Euro Disney theme park resort on the outskirts of Paris. A sweeping structure would see solar cells cover huge canopies built above Euro Disney's 11,000-space car park, which is one of the biggest in Europe, says the Independent on Sunday. Britain's biggest mutual insurance company, <b>Royal London</b>, is attempting to rescue Royal Liver, the 160-year-old friendly society, writes the Sunday Times.
©2004-2009 QCK.com
