by | Oct 26, 2010 | Towing
HSBC (HBC) may be considering a bid for Northern Trust (NTRS), a California-based financial services group, The Daily Mail said.
Northern Trust has more than $643 billion of assets under management and counts more than 20% of the wealthiest families in the U.S. among its clients.
Sponsored Links
“Rumors persist that [HSBC] is lining up a $65 a share cash offer,” the Daily Mail said, without naming…
Continue reading HSBC May Consider Buying Northern Trust
HSBC May Consider Buying Northern Trust originally appeared on DailyFinance on Tue, 26 Oct 2010 07:30:00.
Filed Under: Company News, Investing, Credit, Stocks in the News
by | Oct 26, 2010 | Towing
The U.K. economy grew 0.8% in the third quarter, twice as fast as expected.
The construction sector helped drive the economy in the third quarter, enjoying its second straight quarter of strong growth, Reuters reported.
Economists had forecast that the economy would slow much more sharply following growth of 1.2% in the second quarter.
Sponsored Links
“It’s much stronger than expected,” Alan…
Continue reading U.K. Economy Beats Estimates, Grows by 0.8%
U.K. Economy Beats Estimates, Grows by 0.8% originally appeared on DailyFinance on Tue, 26 Oct 2010 06:53:00.
Filed Under: Economy, Taxes, Currency
by | Oct 13, 2010 | Towing
British unemployment claims rose by the most in eight months in September as the economic recovery slowed.
Jobless benefits claims rose by 5,300 to 1.47 million, Bloomberg News reported.
Sponsored Links
Consumer confidence touched an 18-month low in September as the public readied for the coalition government’s spending cuts.
“Unemployment is still on a rising trend. The fall in consumer confidence…
Continue reading UK Unemployment Rises Most in Eight Months
UK Unemployment Rises Most in Eight Months originally appeared on DailyFinance on Wed, 13 Oct 2010 06:34:00.
Filed Under: Economy, Taxes, Currency
by | Oct 12, 2010 | Towing
The U.K. economy slowed considerably in the third quarter. And to avoid a double-dip recession, the government may have to take further fiscal action.
Continue reading U.K. Economy Slowed in Third Quarter, but …
by | Oct 4, 2010 | Towing
British banks may require further taxpayer funds, with borrowing needs potentially hitting £25 billion pounds ($39.5 billion) a month, according to a think-tank.
The independent New Economics Foundation said that central bank data indicated the banks are facing major funding problems, Reuters reported.
Sponsored Links
Finance Minister George Osborne dismissed the suggestion.
“I am certainly…
Continue reading British Banks May Need More State Funds: Think Tank
British Banks May Need More State Funds: Think Tank originally appeared on DailyFinance on Mon, 04 Oct 2010 07:48:00.
Filed Under: Company News, Economy, People, Taxes, Credit, Currency
