The City News: Old Mutual plc (OML), Lloyds Banking Group PLC (LLOY), Rexam PLC (REX) & More

Page 1 of 2

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)

Lloyds Banking Group PLC (ADR) (NYSE:LYG)

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.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!