No giveaway in March pre-election budget
This will be the 14th Labour budget since Tony Blair’s landslide victory in May 1997 however this budget will be very political. Chancellor Alistair Darling has mentioned that he did not plan any generous giveaways in his March 24 budget.
The Red Knights approach Nomura in take over bid for Manchester United
The Red Knights who are trying to buy out Manchester United owners the Glazer family, who also own Tampa Bay Buccaneers, have approached Japanese investment bank Nomura to see if they would act as financial adviser, according to an unknown source.
AIG to sell Alico to MetLife
The US largest insurance company MetLife (NYSE:MET) is set to purchase Alico from AIG (NYSE:AIG). This is the second deal in a weak to come from AIG as they try to repay the US Government the $182.3 billion they required for their bail out.
Bank of England expected to hold base rate at 0.5%
It is believed that the bank base rate that currently stands at an all time low of 0.5% will remain at that level for the time being. The Bank of England is expected to make that announcement in its monthly monetary policy decision later today.
This will mean that the base rate will have been at [...]
Royal Bank of Scotland set April deadline for purchase of assets
Royal Bank of Scotland (LON:RBS) who is largely owed by the British government has set a date for early April, for potential buyers for over 300 of their branches and their payment processing arm.