Thu 20th Jun 13, 06:44
Chancellor George Osborne has signalled the prospect of the first stages of the privatisation of Lloyds Banking Group, The Telegraph reported. He hinted the sale of the state-backed lender's shares within months, saying the bank was in a good position for selling down the taxpayer's 39% internet. However, he warned that he would urgently look into a break-up of tax-payer backed Royal Bank of Scotland into a "good bank and bad bank".
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SDL and Micro Focus International share an odd similarity in that both software companies need to be nursed back to health by former chairmen, The Times' Tempus column reported. However, they are quite different businesses in that SDL writes its own innovative software, while Micro Focus allows customers to manage existing systems, such as those written in the computer language Cobol. SDL has released yet another profit warning this week while Micro Focus was the dog of the sector a couple of years ago, turned down for a purchase by four private equity houses. "The share price performance suggests that those bidders missed a bargain," the column said of Micro Focus. While the company is never going to be a high flier the shares represent a solid and fairly safe long-term investment, Tempus added, as revenue is expected to sustain about 5.0% per year. 33 minutes ago
US crude futures settled a touch lower on Wednesday, as the spotlight turned to the Federal Reserve's assessment of the US economy, and as investors picked through weekly oil inventories data. 44 minutes ago
Dow Jones Industrial Average: 15,112 (-206) 8 hours ago
UK markets gave back Tuesday' slight gains as traders continued to take positions, or stay on the side lines, ahead of the all-important policy decision - and accompanying market reaction - from the US Federal Reserve due out later this evening. 14 hours ago
Multinational electrical retailer Darty Group recorded a pre-tax loss during its full financial year as it booked exceptional costs of 115.3m euros following the closure of Darty Spain. 15 hours ago
A round-up of the biggest director buys today so far. 15 hours ago
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Disclaimer: This news feed is provided by Digital Look Ltd. BullBearings Ltd do not necessarily share the views expressed within the stories. The stories are for general information purposes only and not a solicitation or personal reccomendation to deal. BullBearings Ltd accepts no liability or responsibility for any of the content contained in the information provided by Digital Look Ltd.
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