Posts Tagged ‘debt collection’

London Scottish quits lending March 1st, 2008

London Scottish Bank is to quit lending and focus on debt collection following continued scrutiny from the Financial Services Authority (FSA). The Bank has insufficient regulatory capital to the tune of £12.7m but has been working closely with the FSA to devise a plan that will rectify the issue. London Scottish Bank is to focus on debt collection.

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Compulsory Acquisition of SPG Media Shares 21 Nov 2008 14:53, The Financial Mail
... under Rule 8, you should consult the Panel. The company news service from the London Stock Exchange Note 1 Company names will not be displayed for announcements relating to international companies. ...

Placing and EGM Notice 21 Nov 2008 14:53, The Financial Mail
... The Placing has not been underwritten by Arbuthnot. Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected ...

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Woolworths falls on concern it won't sell stores 21 Nov 2008 14:34, News Times Live
... downturn, lost 0.6 pence ($0.01)—or 29 percent—to 1.5 pence ($0.023) in trading on the London Stock Exchange at midday. The fall came after a newspaper report that a syndicate of Woolworths' ...

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    • Rights Issue
      A rights issue provides an opportunity for companies to raise additional finance, either to fund growth or restructure it's finances, the former normally being seen as a positive step. Rights issues are so called because they give existing shareholders the right to buy shares. This offer will include an incentive in the form of a lower price compared to the current share price. As a result, the post-issue price will be lower than the pre-issue price due to the increased number of shares in issue. The issue will allow the shareholder to buy shares in proportion to their existing holding. For example a 1:5 issue entitles the shareholder to buy one new share for every five currently held. If the shareholder does not wish to take up the rights, they can be sold.