14,040 source-backed finance facts - each attributed to a named person and a number, linked to the original source. Page 136 of 141.
“A substantial increase in liquidity and the reduction in net debt provide further resilience in what remains a fragile environment.”
“Customers were not told that they would be unable to sell their shares, and the no net sales policy helped artificially inflate the price of the Sky Entities stocks,” the SEC said.”
“Investor funds were substantially used to enrich the defendants and others; to pay excessive undisclosed commissions to brokers and to pay off victims who had lost money through prior purported investment opportunities,” the US Attorney in…”
“Expand gilt purchases by £25bn but halve the pace to £12.5bn a month.”
“broad liquidity has risen by nine per cent annualised so far in 2009.”
“Hold rates and expand QE by another £25bn.”
“we recommend a further £25bn of asset purchases.”
“The limited success of QE suggests that the MPC should use the remaining £25bn sanctioned by the chancellor”
“I expect them to announce in August QE is being suspended.”
“The MPC may well vote for a tactical extension to QE in July”
“while seeking authorisation from the chancellor to raise QE above £150bn.”
“The bank rate should stay at 0.5 per cent”
“the Bank of England should pursue QE, asking for more than the £150bn already allocated”
“Rio Tinto last month angered China by spurning a $19.5bn (£12.1bn) investment from Chinese state-owned metals group Chinalco in favour of a rights issue and iron-ore joint venture with BHP Billiton.”
“he assumes an investor back in 1900 simultaneously placed a £100 long bet on UK financial equities together with a £100 short bet on general equities.”
“By 1985, the strategy would have delivered a capital sum of £500, an annual return of just 2 per cent per year.”
“By the end of 2006, the capital sum would have jumped to over £10,000, an annual return of over 16 per cent.”
“as financial stocks collapsed by 80 per cent, the capital sum would have slumped to £2,200 by end-2008, taking the annual return over 110 years back down to under 3 per cent.”
“since 2000, rising leverage fully accounts for higher returns on equity – both the surge to 24 per cent in 2007 and the subsequent slump.”
“dashing the bailed-out insurer’s chances of collecting $4.3bn (£2.6bn) in damages.”
“tries to repay $83bn in loans from the federal government.”
“Lear would convert $3.6bn of debt into a combination of new debt, convertible stock and equity warrants.”
“was supported by about 68 per cent of its secured lenders.”
“Lear had breached its leverage covenants at the end of 2008 after borrowing all of the $1.2bn in its main credit facility.”
“It listed total assets of about $1.27bn and total liabilities of about $4.54bn.”
“LAST week the European Central Bank (ECB) left its monetary policy unchanged, stating that the current 1 per cent repo rate is appropriate.”
“Consumer inflation has been at zero for the past two months”
“producer prices have contracted for eight consecutive months”
“Commerzbank predicts that real wages will contract this year.”
“The ECB’s recent unlimited one-year-term auction resulted in nearly a half-trillion euros of loans to the banking sector”
“€300bn of it went right back in the central banks’ ledgers as deposits”
“the euro drifts further from its yearly highs”
“earned $400,000 a year”
“worked at Goldman for a month between May 2007 and 5 June”
“Balderton Capital, the venture capital firm which had a 20 per cent stake in failed sports broadcaster Setanta”
“its $500m (£308m) target”
“raised $485m – just three per cent off target.”
“spent 15 years at Goldman Sachs”
“This fund is the group’s fourth.”
“in January this year Balderton said that there would be ‘‘some casualties’’ among the 80 or so companies it has chosen to invest in.”
“which have lost two thirds of their value over the last twelve months”
“closed last Friday up two per cent at 22p, valuing the business at £2.8m”
“fund, which has fallen just short of its $500m (£308m) target, will look for investment opportunities ... having raised $485m – just three per cent off target”
“Marston’s yesterday got the green light from shareholders for its proposed £176m rights issue”
“almost 10 per cent of shareholders voted against the plans”
“with 35.3m proxy votes cast in favour of the move, and 8.5m against”
“Marston’s announced last month a fully underwritten 11-for-10 rights issue to raise gross proceeds of around £176m, through the issue of 298,865,230 new shares at 59p each”
“Greene King which tapped investors for £200m and Punch Taverns, which raised £375m to cut its £4.2bn debt”
“Net banking income would be hit by a negative impact of €1.3bn resulting from credit default swaps used to hedge its loan portfolio and debt instruments used by the group, the bank added.”
“20 per cent stake”
“$500m (£308m) target”
“$485m – just three per cent off target”
“fourth”
“The fund, which has fallen just short of its $500m (£308m) target, will look for investment opportunities in the telecoms and technology sectors.”
“BALDERTON Capital, the venture capital firm which had a 20 per cent stake in failed sports broadcaster Setanta, is about to close the biggest venture fund raised in the UK in the last 12 months.”
“Balderton founder Barry Maloney is expected to announce imminently that he has closed the fund to new investment having raised $485m – just three per cent off target.”
“£100,000 minimum fine”
“20 per cent of their incomes from the products linked with the fine”
“£10m”
“£30m”
“40 per cent of their income”
“£25,515”
“21 October”
“February 2010”
“The Portugal star, who joined in an £80m deal from Manchester United earlier this month, was greeted by 80,000 fans”
“AMR ZAKI claims Aston Villa failed with an £11m bid to sign him in the January transfer window.”
“JJB SPORTS yesterday suffered a 25 per cent plunge in its share price to 23p after investors were rattled by a confirmation of a £50m rights issue and a controversial row involving executive chairman Sir David Jones.”
“The ailing sportswear chain yesterday said it is looking to raise working capital in a placing and open offer of shares at around 12p each – a 61 per cent discount to Friday’s closing price of 30.75p.”
“Meanwhile, allegations emerged that Jones borrowed £1.5m from Mike Ashley, the billionaire boss of arch-rival Sports Direct.”
“Under Chris Ronnie, the former chief executive, JJB had run up debts of £75m to Barclays, HBOS and Kaupthing, which asked for their cash back, forcing Jones to sell off JJB’s profitable gym division.”
“called for individuals caught insider dealing to face a £100,000 minimum fine.”
“proposes a beefed-up regime in which the most serious abuses could land companies with fines of up to 20 per cent of their incomes from the products linked with the fine.”
“As well as the minimum fine for market abuses like insider dealing, individuals carrying out FSA-regulated activities face fines of up to 40 per cent of their income for failing to properly enforce regulatory controls.”
“Alliance & Leicester was recently fined £10m for failings on its payment-protection insurance, but that figure would have been closer to £30m under the new regime.”
“In a case study provided by the FSA, an executive is charged £25,515 for failings in which customers of his firm were put at risk of financial losses on a product it sold them.”
“The consultation ends on 21 October and the rules are likely to take effect from February 2010.”
“3,600 UK employees, including 2,000 former Lehman Brothers staff”
“will pay around £40 per sq ft for the 11 storey office”
“Nomura House will continue to house 1,000 staff”
“since its British launch in 1985”
“lost the company £6m last week”
“bought crude futures equal to around 9m barrels in his eight hours of trading frenzy”
“caused the price of Brent crude to go up by $1.50 (£0.90) a barrel to $73.5, its highest level this year”
“contracts for 16m barrels of oil were traded, 32 times the normal level, and the equivalent to twice Saudi Arabia’s daily production”
“The company is the world’s largest independent broker, trading more than 100m barrels of over-the-counter and oil futures a day on average”
“PVM’s £6m loss is relatively small compared to some recent rogue trading”
“French bank Societe Generale said in January last year that unauthorised trades by a single dealer had caused it a €4.9bn (£4.1bn) loss”
“investigating whether Perkins was inebriated when he used his home computer to make trades from 2am, in the early hours of Tuesday morning last week”
“Glass, who joined RBS as deputy finance director three months ago from Standard Chartered, is believed to be heading the race to succeed Whittaker, who will part company with the 70 per cent state-owned bank before October.”
“He officially retired from Hoare Govett in 2007, but returned to the City in May as one of a string of high-profile advisers to niche investment boutique Hanson Westhouse, which is coming to Aim via a reverse takeover of Jersey-based Chine…”
“The firm is jointly owned by its 80-plus staff and offers corporate finance, corporate broking, research and sales and trading services.”
“He previously worked on the spin-off of Vodafone and the merger to create pharma giant GlaxoSmithKline, as well as having been behind the break-up of building materials firm Hanson.”
“At Hoare Govett, Meinertzhagen worked for a decade with Oriel chief executive Simon Bragg, before the latter left in 2002 to set up Oriel with HSBC’s Adrian McMillan and former Blue Oar boss Andrew Monk.”
“Last December it said its profits for the year to April 2008 were down seven per cent to £59.2m, from the year before”
“This means the group’s 46 partners – a number which has subsequently grown to 65 due to restructuring in its European network – took home an average of £780,000, 29 per cent less than a year ago”
“the firm had £53m of cash in the bank last year”
“The freezing of the credit markets in this recession makes it very different to the last one the firm faced in early 1990s”
“Then interest rates were around 10 per cent and people were really bleeding”
“HEINEKENBroker JP Morgan yesterday raised its price target for beer brewer Heineken from €23.00 (£19.70) to €26.00”
“JP Morgan said it now believes Heineken’s earnings for 2009 to be in line with its peers”
