Lloyds has seen a late surge in demand from investors and is selling off a much larger stake than originally planned, at the upper end of the price range.
The bank owes a vote of thanks to
TSB is being marketed as a clean and simple bank: clean, because chief executive
That is appealing for those who see the existing players, burdened with legacy issues and threats from the regulators, as virtually uninvestable. For private investors prepared to forgo a dividend until 2018, it amounts to a play on the recovering
TSB has the edge on other would-be challenger banks, including One Savings, whose stock market debut was disappointing, due to its ready-made branch network and an established brand.
With a sore need for competition, we must hope it encourages Williams & Glyn, the RBS equivalent, to follow
The return of
There have been concerns on a number of fronts that have been bubbling away after a shock profit warning in February.
These include the Serious Fraud Office investigation into its dealings in
The buy back has put the merger concerns to rest, though the SFO probe may well drag on for years.
Rolls has been at pains to bring more clarity to its accounting for TotalCare contracts, after being forced to shave pounds sterling 40m off last year's profits as a result of discussions with accountancy watchdogs.
TotalCare deals, which form a large part of after-market revenues, are also relatively low margin.
Rolls, however, has been investing heavily and is not yet seeing the full returns.
It expects production to gather pace between now and 2018 at three new factories, including one in
One striking observation is that it made 1,600 Trent engines over the past decade, but expects to make 4,000 in the coming ten years.
Rishton is up against a difficult defence climate, with military spending cuts in
The hope is that Rolls is surmounting its problems – and that the recent glasnost, in a company that sometimes appears closed and arrogant, will continue.
INSURANCE claims group
That is a remarkable fact considering people normally use the facility to check up on popular shares such as
It shows the level of interest in
Its efforts to win a premium listing have been spurned, and its share price slumped after a damning report from US outfit
But it is not helping its own cause by barring reporters from its annual meeting, or by refusing to reveal the voting numbers on the resolutions. Merely saying all the resolutions were passed is useless.
It is very, very rare for a resolution to be voted down outright. The level of dissent can be telling, but on this
An obstructive attitude towards legitimate interest in a company's affairs never sits well.
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