LONDON (Reuters UK) - House builder Bovis Homes Group plans to cut about 400 jobs and slash its dividend to cope with a dire housing market, but does not as yet expect any big writedowns of its land holdings, it said on Wednesday. In a trading...
By Marc Roca LONDON (Reuters UK) - Building materials group Wolseley WOS posted a sharp drop in profits and cancelled its final dividend as it strives to stay within its borrowing limits, sending its shares to an eight-year low. The world's biggest distributor of plumbing and...
LONDON (Reuters UK) - Northern Rock, the government- owned bank, said it will not pay a dividend on 400 million pounds of preference shares owned by the Treasury, reflecting its priority to repay a Bank of England loan. The Treasury took ownership of the preference shares...
TORONTO (Reuters) - The buyers of telecoms company BCE Inc are sticking to the agreed C$42.75 per-share purchase price and have delivered the funding documents needed for the deal to go ahead, the company said on Friday. BCE expects the deal, the world's...
Ten Network Holdings Ltd has declared a second half dividend of 3.5 cents a share for fiscal 2008.The dividend is in addition to the first half dividend of 10 cents per share, paid in January, taking the total for the year to 13.5 cents.The broadcaster said the ex-dividend date...
National Australia Bank Ltd is in discussions to buy ABN Amro in Australia and New Zealand.The bank said it's participating in a process conducted by Royal Bank of Scotland.There is no certainty that a transaction will happen, and any acquisition will be subject to due diligence and regulatory approval,...
By Jonathan Stempel NEW YORK (Reuters) - U.S. banks will unleash a tide of poor quarterly results over the next two weeks, yet investors may choose to focus instead on when a recovery might be at hand and how much more capital raising...
Consumer finance company FlexiGroup Ltd will acquire interest-free credit provider Certegy Australia Ltd for $31.4 million in a cash and scrip transaction.Adelaide-headquartered Certegy is being sold by Florida-based, New York Stock Exchange-listed, financial transactions processor Fidelity National Information Services Inc FIS.The purchase will be in two tranches of $15...
By Adveith Nair BANGALORE (Reuters) - Analysts were divided on the capital position of SunTrust Banks Inc STI, after the U.S. southeast regional bank on Tuesday said it will bolster capital by unloading a big Coca-Cola Co KO stake. While analysts at Robert...
By Dan Lalor LONDON (Reuters UK) - Engine maker Rolls-Royce met forecasts with an 8 percent rise in first-half profit and promised more growth and a 10 percent dividend hike despite global economic conditions, lifting its shares on Thursday. "The youth, scale and geographical diversity of...
Logistics firm Toll Holdings Ltd announced the long-awaited disposal of its majority stake in airline Virgin Blue Holdings Ltd, thereby cutting its exposure to an aviation sector pummelled by skyrocketing fuel prices.Toll, which inherited its 62.7 per cent interest in Virgin Blue through Toll's takeover of stevedore Patrick Corp...
By Marc Roca LONDON (Reuters) - British housebuilder Taylor Wimpey TW has failed to raise the extra capital it said it would seek just two days ago, citing tough market conditions, sending its shares and those of its rivals plummeting. Taylor Wimpey also...
Toll Holdings Ltd's decision to offload almost all its majority stake in Virgin Blue is positive for the airline in the long term , analysts say.Although Toll's sale of its 63 per cent stake will increase the liquidity of Virgin Blue stock and create more ownership certainty, the analysts...
By Jonathan Stempel NEW YORK (Reuters) - Wachovia Corp WB and Washington Mutual Inc WM led several large U.S. banks in posting weak second-quarter results on Tuesday, hurt by soaring losses from mortgages and other debt. Wachovia reported a $8.86 billion loss, while...
The Board of Directors of any state-chartered bank in the State may declare and the bank may pay cash dividends on its outstanding capital stock without any requirement to notify the Department or request the approval of the Department. The aggregate amount of dividends declared or anticipated to be declared...
This article presents discussion on the proposal for eliminating the double taxation of stock dividends. The focus of discussion of this proposal is how much the change would stimulate the economy, if at all, and which sections of the US population would probably benefit most. However, this article asserts that...
The U.S. Department of Energy estimated that if church congregations incorporated environmental stewardship into their overall goals, they would save, on average, 20 percent to 30 percent on utility bills. When a church uses less energy each month, its energy bills drop, and it can spend these saved dollars to...
This article focuses on the dividends. DTC's Dividend Service facilitates the announcement, collection, allocation and reporting of dividend, interest and certain principal payments for those securities in DTC custody, as well as those foreign ordinary shares eligible at the depository but custody by DTC with local custodians or depositories. This...
This tutorial elaborates about Convertibles. Preferred Stock represents ownership in a company but usually don't have voting rights this may vary depending on the company. On preferred shares investors are guaranteed a fixed or sometimes variable dividend forever, common stocks have variable dividends. One main advantage is in the event...
A DRIP is a program, run by a public corporation that allows individuals to make cash purchases of stock and/or to reinvest dividends directly from the company. DRIP plans offer investors the option of reinvesting their cash dividends by purchasing additional shares or fractional shares. DRIPs are an excellent option...
