News tagged with “billion pounds”. Found:
97 tagged news reports.
Your Search Returned 97 tagged news reports
Currencies: Japanese yen rallies as economic fears rise
London :: United Kingdom | 8 months ago
Credibility
The dollar dipped to 95.65 yen and traded recently at 96.22 yen, down from 97.48 yen late Wednesday. The break could point to a test of the 95-yen level in the short term, warned strategists at Lloyds TSB. "This inevitably raises the question whether...
Tags: Bloomberg, billion pounds, Bank of England
UK bank to pump money into economy
London :: United Kingdom | 8 months ago
Credibility Policymakers on the Bank's Monetary Policy Committee (MPC) have decided on the revolutionary course of quantitative easing policy, to enhance the money supply and promote lending. That will only be the first step in an asset-buying program unveiled by...
Tags: Bank of England, quantitative easing, Bank's Monetary Policy Committee, government bonds, central banks, created money, billion pounds, record low
Lloyds shares fall as government gains control
London :: United Kingdom | 8 months ago
Credibility Shares in Lloyds Banking Group fell more than 10 percent Monday as investors dumped the stock after the weekend announcement the government will take a controlling stake in the company. Under a deal reached on Saturday, the government's stake in the banking...
Tags: Lloyds Banking Group PLC, Treasury Lends Lloyds, Rebel Lloyds, pension schemes, sir victor, RBS, billion pounds, Victor Blank, UK Shareholders Association, chiefs executive
UK government takes controlling stake in Lloyds
London :: United Kingdom | 8 months ago
Credibility The British government has become a majority shareholder in Lloyds Banking Group PLC in exchange for insuring more than 260 billion pounds ($367 billion dollars) in risky assets, the bank said Saturday. The deal raises the government's interest in the...
Tags: Lloyds Banking Group PLC, banks group, lloyds banks, billion pounds, Britain, U.K, risky assets, government takes
ECB and BoE tipped to cut rates
London :: United Kingdom | 9 months ago
Credibility Europe's two leading central banks are expected to cut interest rates on Thursday, but with the scope for further reductions limited, speculation is growing that the European Central Bank and the Bank of England will effectively start printing money to...
Tags: Bank of England, European Central Bank, quantitative easing, billion pounds, MPC, central banks, cut rate
Belfast Telegraph, UK: Darling urges 'humility' over recession
London :: United Kingdom | 9 months ago
Credibility The Government needs to show "humility" over the problems which led to the financial crisis and economic recession, Chancellor Alistair Darling said tonight. In an interview with The Daily Telegraph, he said there was a "collective responsibility" for...
MarketWatch: Amlin fiscal-year net profit drops 77%
London :: United Kingdom | 9 months ago
Credibility Monday that fiscal-year profit fell to 80.4 million pounds, from 352.8 million pounds a year ago. Total income fell to 934.2 million pounds, from 1.1 billion pounds. The results reflect a satisfactory underlying underwriting performance despite major...
Tags: million pounds, net profit, billion pounds
Northern Rock to revive mortgage lending
London :: United Kingdom | 9 months ago
Credibility The plan to get Northern Rock lending again forms part of a package expected this week designed to get credit in Britain flowing again after the economy shrank by 1.5 per cent in the last three months of 2008. British house prices have slumped by nearly...
Tags: mortgage lending, Allowing Northern Rock, senior managers, billion pounds, mortgage market, credit crunch
GlaxoSmithKline to cut jobs as profits fall
London :: United Kingdom | 9 months ago
Credibility The company also unsettled the market by announcing it would no longer give specific short term numerical earnings guidance. This follows a similar decision by consumer goods giant Unilever earlier, although Glaxo maintained the change was not connected...
Tags: GlaxoSmithKline Profit Slips, GlaxoSmithKline PLC, billion pounds, net profits, GlaxoSmithkline, drug maker, Glaxo Posts Lower Net, GlaxoSmithÂKline, cut job, quarter net
RBS unveils 3 bn stg package
London :: United Kingdom | 9 months ago
Credibility Royal Bank of Scotland (RBS) will supply 3 billion pounds ($4.32 billion) of funds to smaller businesses, to help them weather a credit drought and the United Kingdom's first recession since the early 1990s. The funding is half of the extra 6 billion...
Tags: billion pounds, small businesses, RBS
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