Paul Hoskins

UK govt, Barclays shore up recapitalisation deals

LONDON (Reuters) - Barclays moved to head off a shareholder revolt over its recapitalisation plans on Tuesday, while the UK government warned that any renegotiation of its own bailout package for banks could prove costly.

Barclays capital plan rejigged and pay bonuses axed

LONDON (Reuters) - Barclays moved to head off a revolt by shareholders on Tuesday by offering them a slice of a 5.8 billion-pound capital injection from Middle East investors and scrapping this year's executive bonuses.

Darling warns on rehashing bailout

Chancellor Alistair Darling said on Tuesday that any renegotiations of last month's 37 billion-pound bailout package for the country's banks could prove costly for shareholders already angered at the extent of their losses.

Bank profits plunge but capital still the driver

LONDON (Reuters) - Banks around the world unveiled a fresh round of profit falls, job cuts and austerity measures on Tuesday but share prices fell anew as investors remained focused on whether the sector needs more capital.

Gem Diamonds may make losses in 2008

Gem Diamonds has warned that it may make a loss in 2008 due to falling diamond prices. Posted: Monday , 17 Nov 2008 Miner Gem Diamonds warned on Monday that it could make a loss this year due to a sharp fall in diamond prices...

EasyJet says Stelios ups stake

LONDON (Reuters) - Low-cost airline easyJet said on Friday its founder Stelios Haji-Ioannou had upped his stake in the firm to 27 percent, demanded two new non-executive directors and a more cautious strategy. EasyJet said in a...

UPDATE 3-Northern Foods profit down, focus on budget range

By Matthew Scuffham LONDON, Nov 11 (Reuters) - Northern Foods reported a drop in first-half profit on Tuesday but shares in the company rose as it trumpeted its new ranges of budget products aimed at cash-strapped shoppers. The...

UPDATE 2-HBOS investors unconvinced by ex-bank chiefs' plan

By Myles Neligan LONDON, Nov 10 (Reuters) - Some investors in UK lender HBOS on Monday dismissed an attempt by two Scottish bankers to derail HBOS' merger with Lloyds TSB, as one of the pair said it was pursuing talks with the...

BSkyB and Virgin Media settle channels dispute

LONDON (Reuters) - Pay-TV firms BSkyB and Virgin Media have agreed a new deal to carry each others' basic channels which will run until June 2011, they said on Tuesday. The BSkyB channels, which have carried such popular...

HBOS takes $8 billion hit, Lloyds eyes dividend restart

LONDON (Reuters) - Britain's biggest home lender HBOS Plc doubled its hit from toxic assets and bad loans to over 5 billion pounds ($8.1 billion) on Monday and its takeover partner Lloyds TSB warned of a sharp fall in profits.

1 2 3 next