Investors in Northern Rock urged to bail out - Published:16/12/07
All times are London time look for News in the FTcom siteSearchSearch speech marks in the FTcom sitespeech marksYOUR MONEY Your investmentsBreadcrumb trail navigation:FT Home > Your money > Your investmentsServicesStockbrokers are effective Northern Rock shareholders to sell their assets as quickly as possible – as the chance of them receiving any payment from a sale of the stricken lender is diminishing every dayNorthern Rock’s shares strike a new low this week following news that some of the bid proposals for the group would leave only supposed value for investors On Friday morning, they were trading at 795p, down more than 90 per cent since FebruaryEven opportunistic investors who bought the store at 280p-300p following the run on the store in September have seen three quarters of their asset wiped outThe message from stockbrokers is to take what you still can as there is a real danger that shareholders may receive nothing from a takeover of the bankBrewin Dolphin downgraded Northern astound to a “sell” last week Mark Durling, an analyst at the solid, said: “People are investment on for a quick sale of the business As time goes by, the view of shareholders getting nothing becomes more likely” He pointed out that the longer it takes to secure a buyer for the store, the more mortgage redemptions there could be, and the less worth left in the business“I’d say there was over a 50 per cent possibility of shareholders getting nothing now but that is increasing as the clock ticks onward,” he saidPotential bidders for Northern Rock submitted their proposals previous this week A figure of bids were positioned way below the lender’s current marketplace capitalisation, causing further falls in the share price“Any investment in Northern astound is extremely risky,” said Henk Potts, equity strategist at Barclays Wealth belongings seem to be getting worse rather than better and shareholders are the least probable to be compensated There is every chance they could be left with totally nothing”Killik & Co, the stockbroker, is recommending clients switch out of Northern astound into Barclays, which the group feels has “come clean” about its credit squeeze contactGraham Neale, skull of equities at Killik, said: “Northern Rock is highly unsure and we don’t see value in the current split price” But he expected that there were investors who had lost so much they would hold their positions until the group’s future is sealedThe UK Shareholders’ friendship (UKSA) was more hopeful of a reasonable result for private investors Spokesman Roger Lawson said: “Why sell your shares at the present price when this company is profitable, its assets go beyond its liabilities and it can recover”The UKSA had located a “hold” on the store and Lawson said: “As long as shareholders are given a vote they would certainly turn down these bidstemporary speculative investors are also taking advantage of the ongoing volatility Spread betting firms reported physically powerful buying interest this week as Northern Rock’s shares tumbled again metropolis Index said it was one of the firm’s most traded stocks, while IG Index also saw hundreds of tradesTom Hougaard, leader market strategist at City Index said: populace are hoping for a bounce A lot of people are buying thoughts that it’s a good deal because there’s only limited downside”Tim Hughes, head of sales trading at IG Index, said retail clients were trade opportunistically “The reason is ‘surely there’s some value’”He said some clients stayed in trades for now hours and some trades had made thousands of poundsData Explorers supposed that 12 per cent of Northern Rock’s store was now shorted, compared with 22 per cent back in September, as many investors had in use profits Copyright The Financial era Limited 2007Rock working overtime on bid shortlist - Nov-22Rock shares tumble after Darling vow - Nov-20Rock rescuers risk anger of shareholders - Nov-20More in this sectionBlogsBrussels BlogCharles PretzlikClive CrookDear LucyEconomists’ ForumEnergy FilterJohn GapperGideon RachmanTech BlogThe in secret EconomistWestminster BlogWillem Buiter’s MavereconRegional pagesLatin American agendaChinaIndiaBrusselsInteractivePodcastsDebates & pollsAsk the expertMarkets Q&AJobs and classifiedsBusiness for saleContracts & tendersJobs look for kind your search criteria below:* Minimum delay 15 minutesAll times are London timeFT HomeSite mapContact usHelpAdvertise with the FTMedia centreStudent offersFT ConferencesFT Research CentreFT SyndicationCorporate subscriptionsFT GroupPartner sites: Chinese FTcomLes EchosFT DeutschlandExpansionInvestors ChronicleExec-Appointmentscom© Copyright The Financial Times Ltd 2007 "FT" and "monetary Times" are trademarks of The monetary Times Ltd.
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Investors In Northern Rock Urged To Bail Out >>
Barclays launches new online banking service - Published:06/03/07
The repair allows users to sign up and start using online banking as the crow flies away, by keying in their card number and day of birthIn addition to online banking, savings accounts and overdraft amenities will be available to usersBarnaby Davis, director of Barclays online banking, says, "The internet is a growing and important channel for consumers and we are one of the main online banks with more than 43 million users"Our latest improvements demonstrate Barclays' determination to give clientele an efficient repair when banking online"Customers who register for the online banking service will automatically be sent their full registration in order through the post,This will allow them to access the full place, where they will be able to behavior third-party transactions, including money transfers and bill paymentsThe Internet is becoming an more and more attractive media for financial service companies, next the lead of online bankingExperts recently predicated that the go up in online insurance sales could have a negative impact on opposite sales, while Direct Line stated that online mortgages are set to bang in the close to futureBarclays launches new online bOnline banking industry alerted to 37 per cent bill payment go up at Alliance.
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Barclays Launches New Online Banking Service >>
New investments product launched by financial services provider - Published:15/02/07
[investments] [investment property] immediate bond] [investment trusts] [offshore investment] [investment advice]Banking customers who want to construct their investments portfolio have been alerted to the launch of a new investments manufactured goods from Leeds Building civilization, which tracks the performance of the largest companies on the London Stock swap The financial services provider's certain Capital Account, which is available to investors now, offers a smallest amount 120 per cent return on the capital invested, meaning investors are guaranteed to create a profitHowever, this figure could potentially go up to 160 per cent, depending upon the success of companies registered on the FTSE 100 split indexThe investments explanation has a scheduled six-year term and is predictable to reach maturity on April 26th 2013And Trevor Garside, skull of financial services at Leeds Building Society, explained why he felt it would offer physically powerful returns on investments"The FTSE is showing an upward tendency with increases of 117 per cent in 2003, 67 per cent in 2004, 159 per cent in 2005 and 11 per cent in 2006," he saidThe FTSE 100 tracks the market capitalisations of 100 of the largest companies listed on the London Stock swap and.
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New Investments Product Launched By Financial Services Provider >>
