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Lloyds Banking Group’s £21bn fundraising got off to a good start today, with the part-nationalised lender’s offer to swap existing debt for contingent capital encountering “strong investor demand”. Offers to exchange £12.51bn of existing securities were received, of which £8.78bn have been accepted, said the bank ... Read more
Use Research plus to explore what is really going on in the markets. Research Plus users have access to live prices, streaming charts and unlimited Level 2 real-time data as well as exclusive expert insight into the market and tools to build and test investment strategies.
Monday 23 Nov 2009
With the water regulator OFWAT due to publish its final determination on the 2010 – 2015 regulatory regime for the water companies on Thursday, Severn Trent’s results on Tuesday will certainly be topical, though probably unexciting.
The utility company said back in July that the decline in consumption across its measured income base had continued at similar levels to 2008/09. It estimated this would impact revenues by around £15-£20m the current financial year. Read more...
Monday 23 Nov 2009
Water will continue hitting the headlines this week, not just because of the floods submerging much of Britain, but as the regu... Read more
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