LONDON (Alliance News) - Smith & Nephew PLC said Monday it will acquire medical devices company ArthroCare Corp for USD1.7 billion Smith & Nephew will pay USD48.25 per share for the Texas-based firm, which it said is a 20% premium over ArthroCare's 90-day volume-weighted average share price Read More
LONDON (Alliance News) - Barclays PLC Friday said it has appointed Head of Internal Audit Mike Roemer as its new compliance boss, meaning he joins the bank's executive committee and reports directly to Chief Executive Antony Jenkins. Roemer will be directly accountable to Jenkins for the pe Read More
LONDON (Alliance News) - Barclays PLC Wednesday said it will set aside an additional GBP330 million provision in the fourth quarter to cover the costs of litigation and financial penalties, as it also denied press reports that it was about to embark on major branch closures in the UK. It sa Read More
LONDON (Alliance News) - Barclays PLC Wednesday said it will book additional charges in the fourth quarter as a result of litigation and financial penalties. "Compared to previous guidance, including the 2013 cost target of GBP18.5 billion excluding GBP1.2 billion costs to achieve Transform Read More
LONDON (Alliance News) - Scapa Group PLC said Wednesday that it had secured a GBP40 million debt finance facility with a three-bank club consisting of Lloyds Banking Group PLC, HSBC Holdings PLC and Barclays PLC. The four-and-a-half-year revolving credit facility also provides access to an Read More
LONDON (Alliance News) - Barclays PLC has put employee travel restrictions in place across the world, as part of a cost-cutting drive which may includes hundreds of job cuts in the near future, Sky News reported Tuesday. The financial services provider has authorised a ban on all employee t Read More
LONDON (Alliance News) - Both the FTSE 100 and the FTSE 250 closed slightly higher Monday, despite being weighed upon by banking stocks, which fell in the aftermath of disappointing results from German lender Deutsche Bank. Meanwhile, trading volumes were low as Wall Street is closed for th Read More
LONDON (Alliance News) - UK stock lack direction Monday, with no data drivers ahead and the US markets closed for Martin Luther King Day. Banks continue to underperform, while precious metal miners have been boosted by a firmer gold price. With a quiet afternoon expected, investors are looking ah Read More
LONDON (Alliance News) - <strong>Royal Dutch Shell</strong> Monday said it will sell its interests in the Australian Wheatstone gas projects in a USD1.14 billion deal, just a trading day after Friday's profit warning that caused its shares to tumble. <br /><br />The stock is again near the bot Read More
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.<br /><br />-------<br /><br /><strong>FTSE 100 - LOSERS</strong><br /><br /><strong>Royal Bank of Scotland</strong>, down 2.2%, and <strong>Barclays</strong>, down 1.2 Read More
LONDON (Alliance News) - UK stocks are trading mixed Monday, with UK banks suffering a read across from a profit warning from Deutsche Bank. The International Monetary Fund is said to be on the brink of upgrading its growth forecasts for the UK economy, while gold is adding to recent gains and oi Read More
LONDON (Alliance News) - Ed Miliband, leader of the UK's opposition Labour party, Friday followed up his recent attack on the big energy companies in the UK by calling for a breakup of the country's biggest banks, saying they were still failing to serve the real economy and small businesses. < Read More
LONDON (Alliance News) - The following is a summary of top news stories Friday.<br />----------<br /><strong>COMPANIES</strong><br />----------<br />Oil major<strong> Royal Dutch Shell</strong> PLC issued a profit warning, saying its fourth quarter results are expected to be significantly lowe Read More