News Tag: terms
September 30, 2009
It has emerged that Britain's five largest banks have agreed to bonus terms set out by the world’s leading nations at last week’s G20 summit.
The five UK banks that have accepted the curbs on bonuses are Barclays, HSBC, Lloyds, RBS and Standard Chartered.
Under the new terms set out at last week’s summit, up to 60% of bonus payouts will ...
Britain’s top five banks accept bonus terms
by Kay Murchie
September 8, 2009
US food giant Kraft saw its shares fall 5% to $26.7 this morning on Wall Street as investors expressed concern about the group’s takeover approach for British confectionery giant Cadbury.
Cadbury rejected the £10.2 billion offer from Kraft, which is renowned for brands such as Kenco coffee, Oreo biscuits, Terry’s Chocolate Orange, Toblerone and cheese products such as Philadelphia and Dairylea.
When the ...
Kraft shares fall over Cadbury offer
by Kay Murchie
October 13, 2008
The terms of Lloyds TSB’s takeover for Halifax owner, HBOS, have been revised.
HBOS shareholders will now receive 0.605 shares for each HBOS share they own, revised from the original offer last month of 0.833.
The news comes as the Government announces a £37 billion rescue plan, which will see £20 billion injected into Royal Bank of Scotland (RBS) and a further £17 ...
Lloyds revises HBOS takeover offer
by Kay Murchie
