| CATEGORY: PRESS ROUND-UP SHORT SECTOR: BANKS |
Thursday's newspaper round-up: Barclays, William Hill, Shell |
|
Thu 15 Nov 2007
|
LONDON (SHARECAST) - Barclays is expected to issue a widely anticipated update on the performance of its investment banking arm as it attempts to ease concerns about its exposure to the turmoil in the credit markets, says the FT.
Brian Wallace, finance director at Ladbrokes, withdrew from the race for the chief exec job at William Hill despite making the shortlist, says the Times.
Royal Dutch Shell is to reorganise its Nigerian units to save costs after oil production cuts due to militant attacks and shortfalls in government funding, writes the FT.
The Chancellor will reveal within days how long the Government will continue its emergency support of Northern Rock, amid concerns that a lack of detail from the Treasury had hampered bidders from finalising detailed offers, reports the Times.
Alistair Darling, is to invite some of the UK's most senior bankers to advise him on the turbulence in the financial markets, says the Telegraph.
Alliance & Leicester was forced to deny that it had run into funding problems yesterday, yet it still ended the day down more than 3 per cent, says the Sunday Times
Abbey Protection, a provider of insurance to cover legal costs relating to employment disputes, will today unveil plans for a flotation on Aim, writes the Telegraph.
Merrill Lynch has hired John Thain, the current chairman of the New York Stock Exchange, to replace the ousted Stan O'Neal as chief executive and to start repairing the damage caused by the credit crisis, reports the Independent
The Bank of England Governor has issued an extremely unusual warning on world stock markets, indicating that shares may be heading for a major fall, writes the Telegraph.
Centrica, Britain’s largest energy supplier, is planning to invest significant sums in new gas storage projects and could develop facilities in the Irish Sea, close to its main gasfields, says the Times.
Lakshmi Mittal, chief executive and major shareholder of the world’s largest steelmaker, said yesterday that the prospect of a £166 billion merger between Rio Tinto and BHP Billiton would not affect his company, reports the Times.
Half the world's fund managers think corporate earnings will fall over the next year and most suspect that emerging markets are in a bubble, yet they are piling into risky equities for fear of missing out on a late-cycle rally, says the Telegraph.
Mounting concern that Belgium could break apart after 157 days without a government has begun to hit the country's sovereign bonds, causing spreads to suddenly widen to the highest levels in five years, reports the Telegraph.
|
|
| |
|
 |
Archived Stories |
 |
|
Front Page Stories |
|
|
