TweetNews in today that Northern Rock branches will also be sold off in the same way that Lloyds branches are being sold. Deutsche Bank is preparing the documents to help sell of Northern Rock  and its old high street branches. There are 70 Northern Rock branches in the UK and most are in prime high street... Stock market news »

TweetBarclays Plc. was founded in 1690 and is the 4th largest UK bank and the 10th largest bank in the world and trades on both the London and New York stock exchanges. Barclays is structured into several clusters, the High Street bank which most people are familiar with is just one part of the... Stock market news »

TweetBT Group plc. is the original UK telecommunications company and the oldest telecommunications business in the world. Until 1984 it was a state run company which originally was a part of the telegraph service and then became a part of the General Post Office. In 1980 Post Office Telecommunications was renamed British Telecom. In 1984... Stock market news »

TweetThe Bank of Ireland has announced plans to carry out a rights issue to raise an estimated EUR4.35 capital. The rights issues is likely to be underwritten by the Irish government and represent a reasonable discount to market price. Full details of the rights issue will not be announced until after an agreement has... Stock market news »

TweetThe Internet bubble is still expanding at an alarming rate. The latest news is that Groupon are planning to list on the stock exchange in an IPO thought to be worth around $750 million. Groupon have always set their targets high. In 2010 they rejected an offer from Google and turned down $6 billion.... Stock market news »

TweetThe British Land Company plc (LSE: BLND) is a major property developer in the UK. It was founded in 1856 as a part of the National Freehold Land Society. The society was set up to help people to become freeholders to allow them to vote. Over half of British Land’s property is tied up in... Stock market news »

TweetYahoo! has had a rocky decade. Once the giant of Internet search it has seen almost all of its market share stripped away by the new boy, Google. Yahoo! are now looking to the mobile market by teaming up with MediaTek. On the same say we hear about how Nokia, one of the first... Stock market news »

TweetThe first big tech stock corporate takeover in a while. News in that Lenovo who are the 4th largest computer manufacturer in the world, have made a takeover bid for Medion. Medion is a German stock and Lenova is Chinese. Lenovo are looking to purchase 36.66% of Medion AG shares at EUR13 each from the... Stock market news »

TweetToday Google’s Eric Schmidt talked of the Gang of Four and the fact that Google “screwed up” (Eric Schmidts’ words) on social networking. Schmidt, Google’s chairman and previous CEO, admits that he screwed up with social networking and failed to recognise the important of Facebook early on and also failed to work with them.... Stock market news »

TweetDesire Petroleum has reported some promising results in its latest 3D seismic readings and this has push its share price up by 10% today. Desire Petroleum has been searching for oil reserves in the North Falkland Basin for decades and has recently started using new technologies to explore deeper and wider. The 3D acquisition programme... Stock market news »

TweetEsthetics International Group Bhd (EIG) has announced plans to raise RM26.4 million through a rights issue sale. EIG are hoping to release 52.8 million rights (nil paid rights shares) along with 52.8 million warrants which will be detachable (so can be trade separately). Terms of the EIG Rights Issue For every 5 shares held you are... Stock market news »

TweetForth Ports Plc has been acquired (a recommended cash offer) by Otter Ports Limited and is subject to a scheme of arrangement on the 2nd June 2011. Forth Ports (UK sedol 0347310) will be de-indexed from the FTSE250 following its sale to Otter Ports, a subsidiary of Arcus European Infrastructure Fund. The takeover saw... Stock market news »

TweetMahindra & Mahindra Ltd. is considering a Scheme of Arrangement between Mahindra & Mahindra Ltd. and Mahindra Automobile Distributor Private Limited which is a wholly owned subsidiary of Mahindra & Mahindra Ltd. The terms of the scheme are not announced yet but it may involve a demerger of Mahindra Automobile Distributor Private Limited to allow it to trade separately on... Stock market news »

TweetThe Indian film company Reliance MediaWorks has announced plans for a rights issue to raise Rs.500 crore (around £67million). The rights issue will mostly be used to raise cash to pay of debts which have built up over the last few years as a result of various projects including 550 new BIG Cinemas worldwide. Reliance... Stock market news »

TweetRajapalayam Mills (Public, BOM:532503) has announced that it plans to process a 100% bonus issue (1 new share for every share held) to increase liquidity of its stock. The bonus issue will be voted on at the next annual general meeting. They have also announced that the dividend payment for this year will be Rs.15 per share,... Stock market news »

TweetVikash Metal & Power have announced to that they plan to have a rights issue to raise funds for the development of a new plant. The rights issue is still yet to be agreed. The next board meeting on the 30th May 2011 will discuss the options further. Akkash Patni, executive director of Vikash... Stock market news »

TweetARM Holdings Plc. describes itself as “The Architecture for the Digital World” and being at the heart of home networking. Arm designs semiconductor based digital products. Rather than building the hardware it licenses its designs to technology partners. Arm received royalties on its designs and has increased efficiencies so that it can research and... Stock market news »

TweetTesco plc is the third largest retailer in the world (Wal-Mart and Carrefour being the biggest). It is now a multinational company with many products other than traditional food retailing. In 2009 Tesco has a 30.5% market share in grocery in the UK. Tesco’s Main Business Areas Tesco has embraced the Internet extremely well... Stock market news »

TweetHSBC Holdings plc. is now an international bank with its HQ in Canary Wharf. In 2010 is was the 6th largest bank in the world. In June 2010 its total assets were $2,418 trillion. HSBC Holdings plc. was created in 1991 to allow the The Hongkong and Shanghai Banking Corporation to takeover Midland Bank... Stock market news »

TweetRoyal Dutch Shell Plc. is the official name of Shell. It is a global oil and gas company. It is the largest oil company in the world. Global oil production is estimated at 3.1 million barrels per day. Royal Dutch Shell Plc. carries out all areas of oil and gas production from initial exploration through to... Stock market news »

TweetAnglo American Plc. (AGL, ISIN GB0004901517) is an international mining business which manages a large production of commidities such as diamonds, copper, nickel and iron ore as well as coal. It is also mines more platinum than any other company and controls around 40% of the global platinum market. It started as the Anglo American Corporation (AAC)... Stock market news »

TweetThe Bank of India’s board of directors have agreed that a rights issue to raise 77 billion rupees ($1.7 billion) should go ahead. The Bank of India will release 180 million new shares by offering current shareholders the right to take up new shares. They are also arranging a Placement of shares by contacting... Stock market news »

TweetUlster Bank has announced a buy back plan by way of a Modified Dutch Auction Procedure. It is hoping to buy back EUR1.7 billion of its notes from bondholders. Due to the market conditions at the moment Ulster Bank is able to buy back some of its notes below par value. It can benefit... Stock market news »

TweetJJB Sports made a pre-tax loss of £181.4 million last year. JJB has warned the market that it is not confident that a recovery will come any time soon. JJB Sports was very close to going into administration in 2010 after it incurred costs of over £100 million. JJB chairman Mike McTighe has indicated... Stock market news »

TweetBP Plc. is the 3rd largest oil company in the world, and the 4th largest company. It was founded in 1909 as the Anglo-Persian Oil Company and from 1954 until 1999 was called the British Petroleum Company. BP employ around 80,000 people globally and 2010 revenue was US $308.9 billion. It is one of the “Supermajor” oil companies, which also... Stock market news »

TweetDiageo are planning to enter the tequila market by taking over Jose Cuervo. Jose Cuervo is a family run business. Currently Diageo have the international distribution rights to market and sell Jose Cuervo tequila, however, this contract is due to expire in 2013. The FT reported that at the moment neither the Diageo spokewoman or Jose... Stock market news »

TweetNews just in that Focus DIY will not be saved by another DIY chain. We reported on the 5th May that Focus DIY went into administration. At the time it was hoped that the administrators would manage to agree a deal to save the stores from closure. Today the administrators of Focus have advised that it... Stock market news »

TweetPremier Breweries of Nigeria has announced plans to raise N800 million (about £3.14m) by way of a rights issue. The money is required to allow it to start operations again. It closed down in the 1990s due to mis-management and too much interference from government politicians. The rights issue aims to sell an additional 867,680,940 ordinary... Stock market news »

TweetIt’s been a week when all the big news has been about social websites floating on the stock exchange. Anyone would think that the social marketing was all about Facebook, Twitter, LinkedIn and Google. However, there are many other opportunities out there, as Tesco look set to prove by muscling in on the Social... Stock market news »

TweetSri Lanka’s Commercial Bank of Ceylon is planning to raise 9.7 billion rupees (equiv. $88 dollars) by way of a rights issue. It says that the purpose of the rights issue is to raise funds for business expansion. The rights issues will be followed by a stock split to lower the share price and increase the... Stock market news »