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Merger windfall for Catholic BS members
9 Jun 2008 source: thisismoney.co.uk

Alan O'Sullivan, This is Money9 June 2008 Chat | Vote | Guide Chelsea Building Society is to swallow up Catholic, which will lead to a windfall for the 4,000 members of the small, London-based mutual. Show me the money: previous building society mergers have seen savers receive over £400. WANT TO KNOW MORE? Mutual rival could pounce on Catholic Building Society AGMs: Chorley BS Darlington: the secret building society POLL: Do building society savers subsidise mortg ...


Sorrell forces TNS to show figures
9 Jun 2008 source: thisismoney.co.uk

Nick Goodway, Evening Standard9 June 2008, 10:27am Data Sir Martin Sorrell's WPP raised the stakes in the £1bn battle for market researcher Taylor Nelson Sofres today by forcing it to reveal key financial information. Hardball: Sir Martin Sorrell has turned the heat up in his pursuit of TNS WANT TO KNOW MORE? WPP ponders new bid for research firm Share data: TNS OTHER STORIES 'Mood good' at RBS as cash call gets away Market report: Monday close Sunday newspape ...


Media giants eye £3bn merger
9 Jun 2008 source: thisismoney.co.uk

Daily Mail9 June 2008, 8:04am Data Two of Britain's biggest media companies are locked in merger talks that could lead to the creation of a £3bn publishing giant. 'Early stage discussions': UBM's David Levin could become chief executive in Informa merger WANT TO KNOW MORE? Share Data: UBM Share Data: Informa OTHER STORIES 'Mood good' at RBS as cash call gets away Market report: Monday close Sunday newspaper share tips Sorrell forces TNS to show figures No  ...


Banking group warns crunch far from over
9 Jun 2008 source: thisismoney.co.uk

Sam Fleming and Karl West, Daily Mail9 June 2008, 8:49am World banking markets are still showing signs of 'extreme stress' a leading watchdog warned, suggesting the effects of the financial crisis have a long way to run. Looking bleak: Still no end of the credit crunch in sight. WANT TO KNOW MORE? Credit crunch: What it means for you Crunch time for battered banks OTHER STORIES Production costs to tip UK into 'stagflation' 'Mood good' at RBS as cash call gets away ...


Indian shares close sharply lower; Reliance, ONGC, ICCI, TCS, Wipro slump ...
9 Jun 2008 source: iii.co.uk

MUMBAI (Thomson Financial) - Indian shares witnessed the steepest fall among regional peers on Monday as United States recession fears and climbing oil prices triggered heavy selling. The market fell sharply at the opening as United States data showing increase in unemployment rate caused a 400-point fall on Wall Street on Friday. Oil prices hovering at about $140 a barrel also made investors ner ...


RBS investors take up £12bn rights issue
7 Jun 2008 source: thisismoney.co.uk

Hugo Duncan, Evening Standard6 June 2008, 9:23am Sir Fred Goodwin was offered a lifeline by the City as investors in Royal Bank of Scotland snapped up shares in the bank's £12bn rights issue. Reprieve: Sir Fred Goodwin has come under fire since announcing the rights issue WANT TO KNOW MORE? RBS poised to clinch rights vote RBS: Live share data OTHER STORIES $150 a barrel 'norm' as oil surges again Market report: Friday close Newspaper and magazine share tips ...


Warsaw bourse suspends Bank BPH until 13:45 CET on news of GE Money tie-up ...
6 Jun 2008 source: iii.co.uk

WARSAW (Thomson Financial) - The Warsaw bourse suspended trade on Bank BPH until 13:45 CET, it said in a statement after Poland's financial regulator approved General Electric Co. unit GE Money's takeover of BPH. BPH was Poland's third largest bank until the bulk of its assets were absorbed by peer Bank Pekao as part of a merger of the local unit of Italian bank UniCredit. UniCredit last Novembe ...


RBS chiefs: '95% will take up rights issue'
6 Jun 2008 source: thisismoney.co.uk

Hugo Duncan, Evening Standard6 June 2008, 9:23am Sir Fred Goodwin was offered a lifeline by the City today as investors in Royal Bank of Scotland snapped up shares in the bank's £12bn rights issue. Reprieve: Sir Fred Goodwin has come under fire since announcing the rights issue WANT TO KNOW MORE? RBS poised to clinch rights vote RBS: Live share data OTHER STORIES Market report: Friday latest Yesterday's trading: Mittal lights up Coal of Africa US deal dents ...


Australian shares end higher as oil spike lifts energy stocks - UPDATE ...
6 Jun 2008 source: iii.co.uk

SYDNEY (Thomson Financial) - Australian shares closed higher on Friday, albeit off the day's peaks, led by energy-related companies which received a boost after crude oil prices surged in response to a weaker U.S. dollar. "It is very much an energy-driven market today -- that's quite obvious," said Lucinda Chan, division director at Macquarie Private Wealth. New York's main oil futures ...


Fed approves Bank of America takeover of Countrywide Financial ...
5 Jun 2008 source: iii.co.uk

WASHINGTON (Thomson Financial) - The Federal Reserve Board has approved Bank of America's takeover of mortgage lender Countrywide Financial and its subsidiary Countrywide Bank. Bank of America, with assets of $1.7 trillion is the largest depository institution in the US and controls about 10.04% of insured bank deposits. Countrywide, with assets of $199 billion is the 17th largest bank, c ...


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