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

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!