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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

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!