Editor’s Note: Related tickers: Wal-Mart Stores, Inc. (NYSE:WMT), Tesco Corporation (USA) (NASDAQ:TESO), Royal Bank of Scotland Group plc (ADR) (NYSE:RBS), Rio Tinto plc (NYSE:RIO), Old Mutual plc (LON:OML), Lloyds Banking Group PLC (LON:LLOY), Rexam PLC (LON:REX), Hays plc (LON:HAS), BHP Billiton plc (LON:BLT), J Sainsbury plc (LON:SBRY)
Old Mutual plc (LON:OML)’s funds benefit from equity market boom (Reuters)
Anglo-South African insurer Old Mutual plc (LON:OML) on Thursday reported growth in funds under management for the first quarter that outpaced market forecasts, supported by buoyant financial markets. The company said funds under management rose 7 percent over the period to 288.4 billion pounds ($448.91 billion), with rising markets adding to the impact of net client cash inflows of 3.9 billion pounds. …Old Mutual plc (LON:OML) said the UK savings market has been “disrupted” while financial advisers adjusted to the new system and contributed to a 10 percent drop in the net client cash flow via its UK platform.
UK supermarket Sainsbury’s posts rising profits (Yahoo)
British supermarket chain J Sainsbury plc (LON:SBRY)‘s on Wednesday announced a rise in annual profits and said it was taking full control of the group’s banking unit after buying the stake held by bailed-out Lloyds Banking Group PLC (LON:LLOY). Britain’s third-biggest supermarket chain after Wal-Mart Stores, Inc. (NYSE:WMT)-owned Asda and the country’s largest retailer Tesco Corporation (USA) (NASDAQ:TESO) said net profit grew 3.0 percent to £614 million ($951 million, 725 million euros) in the 12 months to March 16.
Is Lloyds Banking Group an Exciting Emerging Market Play? (DailyFinance)
While crippling austerity in Europe has put the brake on growth rates in Europe, a backdrop of accommodative central bank action, elevated commodity prices, and rising personal affluence levels has created an exceptional investing opportunity in developing countries. …Bubbly activity in developing geographies can create large opportunities for many London-listed firms. Today, I am looking at Lloyds Banking Group PLC (LON:LLOY) and assessing whether its operations in these regions are likely to underpin solid earnings growth. Lloyds Banking Group PLC (LON:LLOY) announced at the end of April that pre-tax profit leapt to 2 billion pounds in the initial three months of 2013, up substantially from a profit of 280 million pounds in the same period last year.
What Price Will Lloyds Banking Group PLC And Royal Bank Of Scotland Group Plc Be Sold For? (Fool)
A few weeks ago, I asked “When will the Government Sell Shares in Lloyds Banking Group PLC (LON:LLOY) and Royal Bank of Scotland Group plc (ADR) (NYSE:RBS)?”, suggesting that David Cameron would do something before the next general election in May 2015. Since then, managers at both Lloyds Banking Group PLC (LON:LLOY) and Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) have made positive noises about being ready for privatisation in that time-scale. Speculation on the form of any privatisation has increased, too, with the Policy Exchange — said to be George Osborne’s favourite think-tank — calling for a mass share distribution along the lines of Baroness Thatcher’s era. With a strong political agenda, there’s a good chance of a retail element.
Rexam PLC : Ready, Set, Click… Rexam Healthcare Unveils All-New Web Product Catalogue (4-Traders)
Rexam Healthcare, global leader in healthcare rigid plastic packaging and medical devices, has debuted a new way for industry professionals to easily find and choose the company’s solutions, through its all-new market and application-based web site: www.rexamcatalogue.com/healthcare/. …More than 500 product references and thousands of configurations are accessible in a few clicks. In addition, complementary info, product file downloads and direct business e-mail access are accessible at all times. Further info on Rexam PLC (LON:REX) or on Rexam Healthcare’s activities and commitments is available
Rexam PLC : Rexam launches innovative new printing technology, Editions*, to customers globally (4-Traders)
Following the development of Editions* by Rexam PLC (LON:REX) in South America in July 2012, Rexam PLC (LON:REX) is now launching this innovative printing process globally. Using the latest patent pending technology, Editions* allows Rexam PLC (LON:REX) to produce 8 to 24 designs of the same label simultaneously on a single pallet. This printing innovation allows Rexam PLC (LON:REX)’s customers to deliver several designs to one single filling line, creating increased marketing opportunities for brands using beverage cans and improving efficiency in the filling process as designs are already mixed on the same pallet.