Financial News

April 22 (Reuters) - Morgan Stanley: CFO SAYS WILL LOOK AT RETAIL BANKING ACQUISITIONS THAT ARE SUPPLEMENTARY TO global wealth management unit CFO SAYS "ABSOLUTELY CONFIDENT" MERGER WITH SMITH BARNEY WILL GENERATE incremental profit margin CFO SAYS EXPECTS TO SEE SOME ATTRITION FROM SMITH BARNEY MERGER BUT "THE attrition we're seeing is not of concern to U ...

LONDON, April 22 (Reuters) - Peter Hambro Mining Plc , Russia's No. 2 gold producer, moved to the London Stock Exchange's main market on Wednesday after its takeover of Aricom received court approval. Peter Hambro's shares moved to the FTSE 250 from AIM and the company is a contender to enter the FTSE 100, a move likely to boost the share price as index-tracking funds move into the shares ...

LONDON, April 22 (Reuters) - Peter Hambro Mining Plc , Russia's No. 2 gold producer, confirmed it plans to move to the London Stock Exchange's main market on Wednesday after its takeover of Aricom received court approval. The acquisition of cash rich iron ore company Aricom, which was spun out of Peter Hambro in 2003, will give the AIM-listed gold producer access to about $257 million in c ...

LONDON, April 22 (Reuters) - Aricom PLC: ARICOM BOARD SANCTIONED PETER HAMBRO TAKEOVER ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written con ...

By James Regan SYDNEY, April 22 (Reuters) - Output from the world biggest copper mine, Escondida, will decline by 30 percent this fiscal year, BHP Billiton said on Wednesday, as it posted falls in quarterly production across its main commodities. The cut in its forecast for Escondida was part of a surprisingly large drop of 14 percent in copper output in the March quarter. Iron ore and al ...

Financial Times TESCO EXPLOITS ANGER OVER BANKS TO EXPAND ITS FINANCIAL SERVICES Tesco hopes to capitalise on public disillusionment with traditional lenders to launch an aggressive expansion into financial services and become the "people's bank". Chief executive Sir Terry Leahy said: "There will not be a better time to increase our commitment to financial services, customers are ...

By Sue Zeidler LOS ANGELES, April 21 (Reuters) - Carl Icahn has extended a tender for $316 million in Lions Gate Entertainment Corp notes after attracting only $8 million worth and two holders agreed to keep 28 percent out of his hands. The billionaire investor, who has said he may wage a proxy war for Lions Gate, pushed the expiration date to May 1 from April 20, saying he was extending ...

By Sue Zeidler LOS ANGELES, April 21 (Reuters) - Carl Icahn has extended a tender for $316 million in Lions Gate Entertainment Corp notes as the studio moves aggressively to thwart his overtures and talks with potential partners for its TV Guide cable channel, sources familiar with the discussions said on Tuesday. Icahn on Tuesday extended the expiration date for the Lions Gate debt tende ...

DEERFIELD, Ill., April 21 (Reuters) - Shareholders of fertilizer maker CF Industries Holdings Inc, which is defending itself against a hostile bid from Canada's Agrium Inc , approved the company's slate of directors at its annual meeting on Tuesday. The directors were running unopposed. Still, Agrium had asked shareholders to withhold their votes for the directors in order to press ...

Ed Monk, This is Money21 April 2009, 11:15am Expansion plans at Tesco, bolstered by record £3bn annual profits, have raised concerns that the supermarket could become too dominant on UK High Streets. Tescopoly: Tesco has already faced protests at its policies, including this demonstration in Axminster. WANT TO KNOW MORE? £3bn Tesco faces growing losses in US Tesco gets green light to build up its empire OTHER STORIES Inflation fall means some feel 'deflati ...