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Archive for March 20th, 2008Barclays sees $100 oil in 2008Posted by UK Economy News
In UK financial news
20Mar 08 Investment bank Barclays Capital has raised its crude oil price forecast for 2008 to more than $100 a barrel, citing lower-than expected supply growth from countries outside OPEC.
Read full story Bank of England offers more liquidity for money marketsPosted by UK Economy News
In UK financial news
20Mar 08 The Bank of England said on Thursday it would inject 5.0 billion pounds into short-term money markets every week until April 9.
Read full story Comments Off Visa IPO raised to 19.1 bln dlrs with optionPosted by UK Economy News
In UK financial news
20Mar 08 Underwriters of the share offering of credit card payments group Visa exercised an option for another 40.6 million shares, boosting the record IPO to 19.1 billion dollars, the company said Thursday.
Read full story Comments Off Investors nervous after police raid Russia’s TNK-BPPosted by UK Economy News
In UK financial news
20Mar 08 Unease spread among investors on Thursday after security officers and police raided TNK-BP, BP's joint oil venture with local oligarchs and one of Russia's biggest foreign-backed companies.
Read full story Comments Off Dollar climbs against euroPosted by UK Economy News
In UK financial news
20Mar 08 The dollar climbed further away from its record low point against the euro on Thursday, lifted by negative eurozone data, analysts said.
Read full story Comments Off US teeters on recession, eurozone could weather crisis: OECDPosted by UK Economy News
In UK financial news
20Mar 08 The US economy is teetering on the brink of recession but eurozone countries could pull through the global financial crisis without special measures, the OECD said on Thursday
Read full story Comments Off Allianz insurance issues profit warning, with focus on banking unitPosted by UK Economy News
In UK financial news
20Mar 08 The German insurance group Allianz issued a profit warning for this year and next on Thursday.
Read full story Comments Off Siemens says it will sell or merge electronics assembly unitPosted by UK Economy News
In UK financial news
20Mar 08 German industrial giant Siemens plans to sell its electronic components and circuit boards division or merge it with a competitor owing to tough market conditions, a spokesman said on Thursday.
Read full story Comments Off Shares leap as Rentokil recruits ICI turnaround teamPosted by UK Economy News
In UK financial news
20Mar 08 Rentokil Initial has hired the management team that turned around chemicals group ICI, sending its shares over 25 percent higher on hopes of a break-up of the troubled pest control to parcel delivery firm.
Read full story Comments Off Banks meet BoE as industry jitters persistPosted by UK Economy News
In UK financial news
20Mar 08 Liquidity, rumour-mongering and housing market troubles top the list of subjects for discussion when Britain's top bankers meet senior officials from the Bank of England on Thursday.
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