Cerca de 70.000 portugueses emigraram em 2023. Suíça foi o destino preferido

[acintra]

Segundo a Adm. do NR, as propostas entregues não avaliam o banco na sua realidade. A malta ouviu e começou a vender.
Infelizmente não me entregaram a 100Gbp conforme a minha ordem e desceu até aos 101Gbp
Já está subir 10% em relação á queda de hoje, bem podia ter havido mais umas vendas para Eu concretizar a ordem.

[Broker_Invest]

Coloquei uma OC a 100.00Gbb, porque acho que se chegar ao valor psicológico dos 100 poderá inverter a tendencia.
Até onde vai o NR? Neste momento vale cerca de 440mn£ e valia 5bn€ antes da crise.

O que se passa para ela estar a desvalorizar tento? está quase no 100GBP

[acintra]

Coloquei uma OC a 100.00Gbb, porque acho que se chegar ao valor psicológico dos 100 poderá inverter a tendencia.
Até onde vai o NR? Neste momento vale cerca de 440mn£ e valia 5bn€ antes da crise.

[acintra]

Northern Rock plunges after 'cut-price' bids
Shares of the stricken mortgage lender fall more than 15 per cent to an all-time low as Alistair Darling unveils Government optionsDearbail Jordan
Shares in Northern Rock today plunged 15.2 per cent to an all-time low after the beleaguered mortgage lender admitted that the proposals it received last Friday to rescue the heavily indebted business were "materially below" its market value.

The Newcastle-based bank, which has so far borrowed £24 billion in taxpayers' money to keep itself afloat, is believed to have received 10 expressions of interest on Friday, the deadline for bids.

However, Northern Rock said today that it "currently expects to receive further expressions of interest in the next few days".

Northern Rock said: "While further analysis and discussion of the proposals is required, based on the information it has so far, the board of Northern Rock believes that the range of values for the existing equity implied by the proposals is materially below the market price at the close of business on Friday, 16th November 2007."

Related Links
Treasury seeks way round Northern Rock rules
‘Heartbroken’ chief steps down at Rock
Taxpayers should not bail out Northern Rock
Shares in group fell 15.2 per cent to 112.4p, valuing the group at £473 million.

A spokesman at Northern Rock refused to comment on whether the bank will suspend its shares which have plunged from 672p just prior to a profit warning and the revelation it was forced to seek emergency funding from the Bank of England.

Chancellor Alistair Darling will give a statement to parliament at 3.30pm detailing a range of options on Northern Rock's future.

In a statement today, the Treasury said it has three objectives in assessing proposals for Northern Rock; to protect taxpayers, to promote financial stability and to protect consumers.

Mr Darling is under increasing pressure to clarify whether the Government will continue to bail-out Northern Rock past a February deadline, and thereby breach European Union rules on state aid.

The Treasury said today that "interested parties should not assume at this stage that the current Bank of England loan facilities will be available beyond either any sale or the expiry of the facilities in February"

But it said: "The Authorities are willing to discuss any proposals made." If the Government wants to continue funding Northern Rock past February, it will need to gain approval from the European Commission.

Last week, on the same day that Northern Rock began accepting proposals, Adam Applegarth, Northern Rock's chief executive, announced his resignation.

He will stay on until the end of January - the second phase of the Northern Rock rescue when a firm decision on the bank's future is expected to be made.

Northern Rock is now being run by Bryan Sanderson, the former chairman of the international bank Standard Chartered, who replaced Northern Rock's former chairman Matt Ridley who resigned on month ago on October 18.

[acintra]

Northern Rock Dents Shareholders' Hopes
Updated:08:02, Monday November 19, 2007

Beleaguered mortgage lender Northern Rock has warned of more shareholder misery after admitting rescue proposals are "materially below" the firm's current value.

Two firms have offered rescueThe Newcastle-based group said it had not received a full offer for the business, with would-be suitors interested in buying parts of the business or injecting cash into the lender.

Its shares fell further within moments of the London Stock Exchange opening.

Northern Rock - valued at more than £5 billion in February - is currently worth just £558m.

It said: "The value to shareholders from any of the proposals remains highly uncertain and will be dependent, among other things, on when and if there is an improvement in market conditions."

The bank was forced to seek emergency funding from the Bank of England twomonths ago after soaring costs - and has borrowed more than £20bn.

Meanwhile, Chancellor Alistair Darling is working on plans to allow Northern Rock's rescue loans to be extended to any buyer of the crisis-hit group.

His advisers are in talks with Brussels officials over ways to continue the Bank of England's emergency funding without breaking EU rules on state aid.

Advertisement

Mr Darling is to make a statement in the Commons this afternoon detailing his actions.

Two private investors - a consortium led by Richard Branson's Virgin Group and investment firm Olivant Advisers - have definitely confirmed proposals to rescue the bank.

However, Northern Rock says it is expecting more expressions of interest.

Both Virgian and Olivant have said that they would swiftly pay back a large slice of its borrowings.

But a firm offer is unlikely to be made until the Treasury makes it clear whether or not it will extend its credit lifeline beyond February.

To sidestep European Union rules which block the bank from receiving state rescue aid for more than six months, lawyers are said to be drafting documents that will change the status of the funding to restructuring aid.

The Liberal Democrats want the Government to take over control of Northern Rock, claiming that this would be the best way to safeguard taxpayers' money loaned to the bank.

The Tories are also demanding assurances that taxpayers' cash will be protected.

[JCS]

Todo o cuidado é pouco...

A Virgin já mandou para o ar que oferecia cerca de 80GBp por acção e os researchs de diversos Bancos situam-se entre os 80GBp e os 150 GBp. Dizem todos que querem ajudar mas querem é comprar o mais barato possível.

Parece a OPA da Prisa à Media Capital em que o preço foi algo abaixo do que cotava a empresa na altura (e vingou). Concordo que neste momento todos querem comprar o "Rochedo nortenho" ( ) o mais barato possivel. A ideia é sempre querer fazer o melhor negócio possivel e todos os compradores sabem como é dificil recuperar uma imagem quando ela se encontra completamente arruinada e quando a grande maioria dos clientes já foi para a concorrência (e para o colchão de casa). Posso estar enganado mas duvido que quem compre que mantenha a "imagem" do banco e o nome uma vez que está mais que fragilizado. Penso que acabará por ser absorvido noutra marca. Digo eu...

Cumprimentos

JCS

[acintra]

Então com este texto que o Incógnitus descobriu e que já foi apagado da Net por ordem de um tribunal, o risco de investir no NR é muito maior.

Northern Rock faces years of debt
By Jane Croft and Peter Thal Larsen in London

Published: November 13 2007 20:41 | Last updated: November 13 2007 20:41

Northern Rock could still owe the Bank of England billions of pounds in three years’ time, according to a confidential sales memo circulated to would-be buyers of the stricken lender.

The memorandum, obtained by the Financial Times’ Alphaville website, is now the subject of a court injunction after Northern Rock sought to prevent publication of its details. The High Court granted a limited injunction preventing further reporting of material, but it rejected a much more sweeping prohibition sought by the bank after much of the FT’s report was followed up in other media.

EDITOR’S CHOICE
Darling comments fuel Rock row - Nov-14Publish the bid details, says RAB - Nov-14Lombard: Rock could dent UK state aid halo - Nov-14State aid faces European scrutiny - Nov-14Treasury aid seen through rose-tinted spectacles - Nov-13Judge grants limited injunction - Nov-13The document suggests that even if the company was bought outright, the Bank may have to provide support to Northern Rock until 2010 when the stricken lender could still be drawing down £6bn.

The memorandum discloses that Northern Rock expects to have borrowed an estimated £24bn from the Bank of England by January 1 2008. Northern Rock is thought to have borrowed about £20bn from the Bank so far. Last night, Treasury insiders voiced surprise at the suggestion that the government, which has underwritten the Bank loan, would still be waiting to be repaid in 2010.

The memo talks about the loan being refinanced – though it is not explicit about whether such a refinancing would continue to involve government support. However, people involved in the sale process doubt whether any bidder would be able to raise the necessary financing to repay the Bank in the near future.

This could leave the government facing the political embarrassment of having agreed to a long-term guarantee that it could be forced to justify to the European Commission under rules governing state aid.

According to the sales memo, even in 2010 Northern Rock will need to be in receipt of £6bn from what it calls a replacement facility from the Bank of England.

The information memorandum has been sent to about 50 potential bidders and sets out three options for a sale of Northern Rock. As well as a sale of the whole business, the other scenarios envisage splitting up Northern Rock.

One option would see a sale of the basic infrastructure of the business – such as the branches, IT and call centre that might or might not include Northern Rock’s £13.5bn of retail deposits and matching assets.

The other option would be a sale of the infrastructure plus securitised mortgages, leaving behind some assets and liabilities for an orderly run-off. Both these scenarios would leave Northern Rock as a listed entity with assets that could be used to repay the Bank of England.

The memorandum assumes Northern Rock’s profits will plunge to £143m in 2008 but will recover to reach £643m by 2010. This would be an impressive recovery as it is more than the bank made in 2006.

Potential bidders looking at Northern Rock include a Virgin-led consortium as well as private equity groups including JC Flowers and Cerberus.

Luqman Arnold, the former Abbey National executive, is also proposing to lead a team that could turn round Northern Rock in its current form. His plan would see his private equity company, Olivant, bring a team of experienced executives into Northern Rock in return for the right to buy a minority stake.

Most of the bidders for Northern Rock are thought to have concluded that the shares are worth next to nothing. However, several hedge funds have built substantial stakes in the bank and would be expected to resist any proposal that would undermine the value of their shares.

On Tuesday it emerged that SRM Global, the hedge fund run by Jon Wood, a former UBS trader, had increased its stake in the bank from 4 per cent to 6.17 per cent. Shares in Northern Rock closed down 1.55 per cent at 152p.

[acintra]

Então com este texto que o Incógnitus descobriu e que já foi apagado da Net por ordem de um tribunal, o risco de investir no NR é muito maior.

Northern Rock faces years of debt
By Jane Croft and Peter Thal Larsen in London

Published: November 13 2007 20:41 | Last updated: November 13 2007 20:41

Northern Rock could still owe the Bank of England billions of pounds in three years’ time, according to a confidential sales memo circulated to would-be buyers of the stricken lender.

The memorandum, obtained by the Financial Times’ Alphaville website, is now the subject of a court injunction after Northern Rock sought to prevent publication of its details. The High Court granted a limited injunction preventing further reporting of material, but it rejected a much more sweeping prohibition sought by the bank after much of the FT’s report was followed up in other media.

EDITOR’S CHOICE
Darling comments fuel Rock row - Nov-14Publish the bid details, says RAB - Nov-14Lombard: Rock could dent UK state aid halo - Nov-14State aid faces European scrutiny - Nov-14Treasury aid seen through rose-tinted spectacles - Nov-13Judge grants limited injunction - Nov-13The document suggests that even if the company was bought outright, the Bank may have to provide support to Northern Rock until 2010 when the stricken lender could still be drawing down £6bn.

The memorandum discloses that Northern Rock expects to have borrowed an estimated £24bn from the Bank of England by January 1 2008. Northern Rock is thought to have borrowed about £20bn from the Bank so far. Last night, Treasury insiders voiced surprise at the suggestion that the government, which has underwritten the Bank loan, would still be waiting to be repaid in 2010.

The memo talks about the loan being refinanced – though it is not explicit about whether such a refinancing would continue to involve government support. However, people involved in the sale process doubt whether any bidder would be able to raise the necessary financing to repay the Bank in the near future.

This could leave the government facing the political embarrassment of having agreed to a long-term guarantee that it could be forced to justify to the European Commission under rules governing state aid.

According to the sales memo, even in 2010 Northern Rock will need to be in receipt of £6bn from what it calls a replacement facility from the Bank of England.

The information memorandum has been sent to about 50 potential bidders and sets out three options for a sale of Northern Rock. As well as a sale of the whole business, the other scenarios envisage splitting up Northern Rock.

One option would see a sale of the basic infrastructure of the business – such as the branches, IT and call centre that might or might not include Northern Rock’s £13.5bn of retail deposits and matching assets.

The other option would be a sale of the infrastructure plus securitised mortgages, leaving behind some assets and liabilities for an orderly run-off. Both these scenarios would leave Northern Rock as a listed entity with assets that could be used to repay the Bank of England.

The memorandum assumes Northern Rock’s profits will plunge to £143m in 2008 but will recover to reach £643m by 2010. This would be an impressive recovery as it is more than the bank made in 2006.

Potential bidders looking at Northern Rock include a Virgin-led consortium as well as private equity groups including JC Flowers and Cerberus.

Luqman Arnold, the former Abbey National executive, is also proposing to lead a team that could turn round Northern Rock in its current form. His plan would see his private equity company, Olivant, bring a team of experienced executives into Northern Rock in return for the right to buy a minority stake.

Most of the bidders for Northern Rock are thought to have concluded that the shares are worth next to nothing. However, several hedge funds have built substantial stakes in the bank and would be expected to resist any proposal that would undermine the value of their shares.

On Tuesday it emerged that SRM Global, the hedge fund run by Jon Wood, a former UBS trader, had increased its stake in the bank from 4 per cent to 6.17 per cent. Shares in Northern Rock closed down 1.55 per cent at 152p.

[acintra]

Então com este texto que o Incógnitus descobriu e que já foi apagado da Net por ordem de um tribunal, o risco de investir no NR é muito maior.

Northern Rock faces years of debt
By Jane Croft and Peter Thal Larsen in London

Published: November 13 2007 20:41 | Last updated: November 13 2007 20:41

Northern Rock could still owe the Bank of England billions of pounds in three years’ time, according to a confidential sales memo circulated to would-be buyers of the stricken lender.

The memorandum, obtained by the Financial Times’ Alphaville website, is now the subject of a court injunction after Northern Rock sought to prevent publication of its details. The High Court granted a limited injunction preventing further reporting of material, but it rejected a much more sweeping prohibition sought by the bank after much of the FT’s report was followed up in other media.

EDITOR’S CHOICE
Darling comments fuel Rock row - Nov-14Publish the bid details, says RAB - Nov-14Lombard: Rock could dent UK state aid halo - Nov-14State aid faces European scrutiny - Nov-14Treasury aid seen through rose-tinted spectacles - Nov-13Judge grants limited injunction - Nov-13The document suggests that even if the company was bought outright, the Bank may have to provide support to Northern Rock until 2010 when the stricken lender could still be drawing down £6bn.

The memorandum discloses that Northern Rock expects to have borrowed an estimated £24bn from the Bank of England by January 1 2008. Northern Rock is thought to have borrowed about £20bn from the Bank so far. Last night, Treasury insiders voiced surprise at the suggestion that the government, which has underwritten the Bank loan, would still be waiting to be repaid in 2010.

The memo talks about the loan being refinanced – though it is not explicit about whether such a refinancing would continue to involve government support. However, people involved in the sale process doubt whether any bidder would be able to raise the necessary financing to repay the Bank in the near future.

This could leave the government facing the political embarrassment of having agreed to a long-term guarantee that it could be forced to justify to the European Commission under rules governing state aid.

According to the sales memo, even in 2010 Northern Rock will need to be in receipt of £6bn from what it calls a replacement facility from the Bank of England.

The information memorandum has been sent to about 50 potential bidders and sets out three options for a sale of Northern Rock. As well as a sale of the whole business, the other scenarios envisage splitting up Northern Rock.

One option would see a sale of the basic infrastructure of the business – such as the branches, IT and call centre that might or might not include Northern Rock’s £13.5bn of retail deposits and matching assets.

The other option would be a sale of the infrastructure plus securitised mortgages, leaving behind some assets and liabilities for an orderly run-off. Both these scenarios would leave Northern Rock as a listed entity with assets that could be used to repay the Bank of England.

The memorandum assumes Northern Rock’s profits will plunge to £143m in 2008 but will recover to reach £643m by 2010. This would be an impressive recovery as it is more than the bank made in 2006.

Potential bidders looking at Northern Rock include a Virgin-led consortium as well as private equity groups including JC Flowers and Cerberus.

Luqman Arnold, the former Abbey National executive, is also proposing to lead a team that could turn round Northern Rock in its current form. His plan would see his private equity company, Olivant, bring a team of experienced executives into Northern Rock in return for the right to buy a minority stake.

Most of the bidders for Northern Rock are thought to have concluded that the shares are worth next to nothing. However, several hedge funds have built substantial stakes in the bank and would be expected to resist any proposal that would undermine the value of their shares.

On Tuesday it emerged that SRM Global, the hedge fund run by Jon Wood, a former UBS trader, had increased its stake in the bank from 4 per cent to 6.17 per cent. Shares in Northern Rock closed down 1.55 per cent at 152p.

[acintra]

Todo o cuidado é pouco...

A Virgin já mandou para o ar que oferecia cerca de 80GBp por acção e os researchs de diversos Bancos situam-se entre os 80GBp e os 150 GBp. Dizem todos que querem ajudar mas querem é comprar o mais barato possível.

Critical Day For Northern Rock
Updated:08:59, Friday November 16, 2007

Beleaguered mortgage lender Northern Rock is facing a critical day with the group having to weigh up rescue proposals for the crisis-hit business.

Customers queued for their moneyToday is the deadline for proposals, although the company has said it will make an announcement when there is "greater clarity" on its future.

The Newcastle-based group was at the centre of a financial storm in September after soaring borrowing costs forced the bank into a funding bail-out from the Bank of England.

Northern Rock's advisers, Blackstone, Citi and Merrill Lynch, have reportedly sought to drum up would-be buyers from as far afield as China in an effort to salvage the UK's first casualty of the credit crunch.

But the lender's shareholders are unlikely to gain any respite from the rescue due to the £20bn-plus debt burden racked up so far by the business.

Advertisement
Shares in the company have recently been trading at record lows as hopes of a return for investors waned.

The UK's fifth-largest mortgage lender's stock market value has now slumped to little more than a tenth of the £5.2bn it was worth in February.

A sale of the whole company is considered extremely unlikely, with only four teams so far publicly expressing interest in the lender.

They are New York-based private equity firms JC Flowers and Cerberus, Virgin Money, and Olivant, an investment group headed by former CEO of Abbey Luqman Arnold.

Whoever succeeds faces an uphill task after the lender's reputation - like its high-risk borrowing strategy - was shattered as panicking savers queued in the first run on a UK bank in nearly 150 years.

[zambezi]

Northern Rock recebe hoje entre seis a oito propostas de compra
O banco britânico Northern Rock anunciou hoje que lhe vão ser apresentadas entre seis a oito ofertas de compra, num dia em que a instituição estabeleceu como prazo limite para a apresentação de propostas.
algumas das empresas interessadas que podem lançar uma oferta sobre o banco britânico, o noticia o site 'Invertia'.
Segundo o Financial Times, a companhia de capital de risco Olivant irá propor uma equipa que manterá o Northern Rock com a sua estrutura actual.


Bom dia
Alguém a seguir este título mais atentamente? E que possa dar mais informações (ou opiniões) sobre esta operação?

Abraço
Bons Trades

[jpacarlos]

Ex-Abbey boss swoops on ailing Northern Rock - papers
(11 Nov 2007)

--------------------------------------------------------------------------------

LONDON, Nov 11 (Reuters) - Luqman Arnold, the former head of British banking group Abbey, has assembled a team and is emerging as a potential bidder for Britain's troubled mortgage bank Northern Rock <NRK.L>, British Sunday newspapers said.

Arnold is proposing a deal which does not involve a sale or break-up of the Newcastle-based bank and details of his proposal are expected to be finalised ahead of this Friday's deadline for bids to be submitted, the Sunday Times said.

The proposal is thought to involve acquiring an equity stake of between 10 and 20 percent and Arnold becoming interim chief executive to replace Adam Applegarth, who would leave the company, the paper added.

The Sunday Telegraph said Arnold has held informal talks with Northern Rock's chairman, Bryan Sanderson but Arnold's request for exclusivity in bidding for the bank was denied.

Some five years ago Arnold was brought in to rescue Abbey, Britain's fifth largest bank, after problems with its wholesale banking arm. The bank was later sold to Spanish bank Santander.

Among potential bidders for Northern Rock are Richard Branson's Virgin Group-led [VA.UL] consortium and U.S. buyout firm JC Flowers which have both confirmed their interest. Cerberus, another Wall Street powerhouse, is also interested, sources familiar with the situation have said.

No one at Northern Rock was immediately available for comment. (Reporting by David Jones; Editing by Greg Mahlich)

Bons negoios

[Broker_Invest]

:evil:

Fechei hoje a posição. Depois de estar a ganhar 35% a certa altura, fechei a perder ... nem vou dizer quanto.

Alguns me alertaram para os "disparates" que estava a fazer, mas eu decidi ir pelo caminho da casmurrice com os resultados que se viram.

Que me sirva de lição, e de chamada de atenção para quem possa precisar. Apesar de ter sido um investimento baixo, parece que me custou mais perder 1 aqui do que 10 noutra situação.

Vou continuar a acompanhar o Nortern Rock, quanto mais nao seja para vê-lo subir e ficar ainda mais

Machado, secalhar é uma acção que para o Longo prazo valhe apena esperar, a falência não vai, alguêm quer compra-lo, só te restava mesmo era esperar.

[Machado]

Fechei hoje a posição. Depois de estar a ganhar 35% a certa altura, fechei a perder ... nem vou dizer quanto.

Alguns me alertaram para os "disparates" que estava a fazer, mas eu decidi ir pelo caminho da casmurrice com os resultados que se viram.

Que me sirva de lição, e de chamada de atenção para quem possa precisar. Apesar de ter sido um investimento baixo, parece que me custou mais perder 1 aqui do que 10 noutra situação.

Vou continuar a acompanhar o Nortern Rock, quanto mais nao seja para vê-lo subir e ficar ainda mais

[Machado]

Hoje abriu a perder 5-7% ali por volta dos £1.6, e assim se manteve durante quase toda a sessão.

Acabou por fechar inalterado nos £1.72, com a recuperação a acontecer nos últimos 30 minutos.

Não sei se isto quer dizer alguma coisa ou não ... mas com o que se tem passado nas últimas semanas, só o facto de não fechar a perder já são boas noticias.

[macau5m]

Fonte Diario Económico

Crédito ao Northern Rock já ultrapassou os 33 mil milhões de euros
O crédito de emergência que o banco inglês Northern Rock tem com o Banco da Inglaterra já chegou a 23 mil milhões de libras - cerca de 33 mil milhões de euros - depois da autoridade monetária ter cedido esta semana mais 3,2 mil milhões de euros.

Segundo analistas, o Northern Rock continuará a precisar de empréstimos até que algum dos interessados em comprar o banco concretize a operação.

Entre os candidados a comprar o banco inglês estão os fundos de investimento americanos JC Flowers e Ceberus, além de um consórcio liderado pelo grupo Virgin.

Segundo o jornal 'Financial Times', é provável que o banco esteja a perder depósitos, apesar do Banco da Inglaterra garantir todo o dinheiro colocado no Northern Rock.

A crise no banco começou em Setembro, quando se tornou a primeira instituição financeira inglesa a pedir ajuda à reserva de emergência do Banco da Inglaterra devido à crise do crédito imobiliário de alto risco ("subprime").

As acções do Northern Rock - sediado em Newcastle (noroeste da Inglaterra) - já caíram mais de 75%

[Machado]

Obrigado pela informação

Isto não parece nada brilhante para o Nortern Rock ...

[acintra]

Já colocam a hipótese dos correios comprarem o NR para fazer um Banco Postal.

From The TimesNovember 1, 2007

Rock rescue could take up to six months, says DubaiSiobhan Kennedy in Dubai and Christine Seib
Dubai International Capital said yesterday that it could take as long as six months to conclude a rescue of Northern Rock and signalled it was possible that no deal would materialise for the stricken British mortgage bank.

DIC, the private equity group owned by the ruler of Dubai, is working as part of a consortium with Sir Richard Branson’s Virgin Group on a potential bid for the Rock, which was brought to it knees by this summer’s credit crunch.

Sameer al-Ansari, DIC’s executive chairman, told The Times: “There’s a tremendous amount of work to be done. It will take at least another quarter, or three to six months.”

The news casts doubt on the validity of the Virgin approach, as the Bank of England has said that it will bankroll the Newcastle bank only until February 2008.

Background
Behind Tussauds is next private equity giant
Dubai on course in golf drive
Towers reach for the sky as Dubai booms
BP offers Abu Dhabi green solution
Och-Ziff seeking cash on eastern horizon
Dubai starts to get message
Claims that such companies as DIC are not state funds but private investment vehicles for the ruler will not wash

Background
Dubai fund snaps up $1.25bn Och-Ziff stake
Baugur teams with Dubai retailer for Saks bid
Arcapita sells water company
Bahrain banks focus on going by the book
Forte trains sights on Gulf expansion

Emirates get Western bugbear
Hothouse petrodollar economy in frantic dash for gas to keep the lights on, the water desalinated and the air chilled

BP offers Abu Dhabi green solution to chronic gas shortages
Middle East can leave oily old cycle in the past
Towers reach for the sky on a daily basis as Dubai booms
Related Links
Bank director takes leave
Chancellor puts pressure on Northern Rock
DIC said that the consortium was still deep in the due diligence process. It added that the emirate could provide equity as well as debt, provided the returns met their expectations.

DIC said that it planned to launch a private equity fund in an attempt to open up to international investors. Mr al-Ansari said that DIC would begin fundraising next year with plans to have assets under management of $25 billion within two years.

Blackstone confirmed yesterday that it had been brought in as a third adviser to Northern Rock.

Representatives from the Bank of England, the FSA, the Treasury and Britain’s banks will meet at the British Bankers’ Association’s headquarters today to discuss the credit crunch.

[acintra]

Foram todos os bancos e ovelha negra caiu mais que todos...

London afternoon: Banks bash Footsie
Date: Thursday 01 Nov 2007

Market Movers
techMARK 1,618.47 -0.82%
FTSE 100 6,604.40 -1.74%
FTSE 250 11,531.20 -1.16%
LONDON (ShareCast) - London’s losses now stretch well into triple digits as banks get slammed on worries about the strength of the global economy and oil trades near a record high.

Barclays, Northern Rock, Lloyds TSB, HSBC and HBOS are among the top fallers despite last night’s cut in US interest rates.

The Telegraph reported this morning that advisers to Northern Rock are likely to knock on the door of Lloyds TSB again to try to entice the high street bank into buying the stricken Newcastle-based lender.

Royal Bank of Scotland joined the retreat as Lehman Brothers restarted coverage of the bank with an ‘underweight’ rating and 500p price target.

Housebuilders fell sharply, with Taylor Wimpey retracing some of yesterday’s gains. Barratt Developments has also taken a hit, while electricals retailer DSG International has given up some of Wednesday’s bid speculation inspired gains.

Unilever leads the Footsie risers after it said growth momentum was sustained across all regions and categories, which was broadly in line with markets.

Oil major and rumoured bid target BG delivered better than expected third quarter earnings Thursday and cheered continued progress in its long-term growth programme.

Earnings during the three month period rose to £368m from £342m a year ago, more than the £353m analysts had predicted. A 6% hike in operating profit to £672m was ahead of the £665m forecast. BP lost earlier gains as oil prices eased back from record highs.

Drug major AstraZeneca reported a better-than-feared 14% fall in third quarter pre-tax profit, but the shares slipped on worries about a generic threat to cholesterol treatment Crestor.

Medical devices firm Smith & Nephew tumbled as it saw profits hit by legal and acquisition costs, although it said its revenue outlook continues to be favourable.

British American Tobacco rose after it posted a 19% increase in operating profits to £2.304bn for the nine month to end September, but said it expects slower fourth-quarter growth. Imperial Tobacco is firmer in sympathy.

Chemicals firm ICI has edged higher. Earlier, it announced third quarter results and said fourth quarter and the year are forecast to be ahead of expectations. Pre-tax profit for the third quarter rose 18% to £177m on sales that were slightly higher at £1,265m against £1,244m before.

Kingfisher has relinquished its earlier rise. This morning it announced that its chief executive Gerry Murphy will stand down on 2 February, the end of the current financial year. The DIY retailer said it is looking for a successor inside and outside the group.

Bus and rail operator Stagecoach is predicting better than expected full year profits after confirming that its good performance continued throughout the six months to 31 October.

Miner Randgold Resources is going well after it said it increased production and contained costs in the third quarter despite operational and weather-related challenges at its Loulo mine in Mali.

[Machado]

Hoje está a cair 9% para os £1.68

Alguém sabe se saiu alguma noticia nova? Provavelmente está só a seguir os mercados ...

[Machado]

"Nortern Rock hires Blackstone for Takeover Talks"

[acintra]

A J.C. Flowers, empresa de capital de risco americana, confirmou estar em negociações para a aquisição do Northern Rock, um dos bancos mais afectados pela crise hipotecária deste Verão.

"Continuamos em conversações com a administração do Northern Rock", confirmou a J.C. Flowers num comunicado emitido hoje, citado pela agência Bloomberg. A empresa americana anunciou ainda que Paul Myner, antigo "chairman" da Marks&Spencer, ocupará o mesmo cargo no Northern Rock, enquanto o CEO será Richard Pym, antigo responsável da Alliance&Leicester.

O Northern Rock foi o espelho da crise do "subprime" na Europa e enfrenta hoje graves problemas para pagar as dívidas avultadas. Este é o quarto maior banco do Reino Unido na área de crédito à habitação. Este ano, a instituição já perdeu 84% do seu valor de mercado.

Ainda esta semana, o Northern Rock voltou a contrair um empréstimos de 4,7 mil milhões de libras no Banco de Inglaterra.

Estava tentado a entrar de novo, caso descesse aos 150,00Gbp, mas com estas noticías prevejo o pior.
Mais um empréstimo brutal e os tubarões a quererem comprar mas ao preço da chuva.
O Sir Richard Branson que dizia que lhe fez impressão as filas á porta do banco fez uma proposta de 80,00Gbp por acção. Imagino os americano e depois deste último empréstimo.

[Machado]

A J.C. Flowers, empresa de capital de risco americana, confirmou estar em negociações para a aquisição do Northern Rock, um dos bancos mais afectados pela crise hipotecária deste Verão.

"Continuamos em conversações com a administração do Northern Rock", confirmou a J.C. Flowers num comunicado emitido hoje, citado pela agência Bloomberg. A empresa americana anunciou ainda que Paul Myner, antigo "chairman" da Marks&Spencer, ocupará o mesmo cargo no Northern Rock, enquanto o CEO será Richard Pym, antigo responsável da Alliance&Leicester.

O Northern Rock foi o espelho da crise do "subprime" na Europa e enfrenta hoje graves problemas para pagar as dívidas avultadas. Este é o quarto maior banco do Reino Unido na área de crédito à habitação. Este ano, a instituição já perdeu 84% do seu valor de mercado.

Ainda esta semana, o Northern Rock voltou a contrair um empréstimos de 4,7 mil milhões de libras no Banco de Inglaterra.

[macau5m]

parece ser mais uma má noticia para este banco?
Cumps

[Keyser Soze]

Equity: Bank of England data suggests that the Northern Rock has borrowed another GBP4.6 bln or so through its lending facility.

BoE balance sheet data put Northern Rock's cumulative borrowing up to GBP20.6 bln.

(Remember, NR's market cap is only around GBP800 mln).