Citywire for Financial Professionals
Stay connected:

View the article online at http://citywire.co.uk/money/article/a467483

Monday Papers: BP partners eye pay­out block - money and other news

And dividend payments from listed UK companies will rise 11.5% this year after two years of shrinking, according to anew study.

 

Financial Times

* BP’s Russian billionaire partners in TNK-BP have called an extraordinary board meeting to discuss withholding the
payment of last year’s final dividend as they step up their fight against the UK group’s proposed Rosneft alliance.

* Dividend payments from listed UK companies will rise 11.5% this year after two years of shrinking, according to a
new study.

* Europe’s banking system is returning to health amid signs that financial institutions are no longer hoarding cash,
according to indicators that show overnight lending rates returning to normal.

* Chris Huhne is at loggerheads with the Treasury over the size and scope of the green investment bank, as officials seek to thwart his attempts to ensure it operates as a fully fledged bank.

* Big banks on both sides of the Atlantic are weighing whether to follow Barclays as it pushes ahead with a plan to pay bonuses with innovative bonds, dubbed cocos.

* Man Group will on Monday launch a new exchange-traded fund designed to outperform stock markets by trading on broker’s tips using computer algorithms.

* Calunius Capital has raised £40 million for a Guernsey-based fund that will invest in commercial legal battles and arbitration.

* Leading oil companies are drawing up a plan to create a safety organisation for deepwater drilling that could
be launched within week.

* New CBI chief John Cridland has promised that Britain’s employers’ group will keep putting pressure on the
coalition government over growth strategy.

* The richest tenth of the population will lose an average 3% of their net income from tax and benefit changes
in April compared with an average of 1% for the population as a whole, according to Institute for Fiscal Studies data.

* Trade tensions between Brazil and China are expected to increase after the Asian country emerged as the biggest
foreign direct investor in Latin America’s largest economy.

Sign in / register to view full article on one page

1 comment so far. Why not have your say?

Jem Cooper

Jan 31, 2011 at 20:02

TNK's reaction to BP's proposed partnership with Rosneft only demonstrates yet again why BP should be looking for real partners in Russia.

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

The Citywire guide to investment trusts

In association with Aberdeen Asset Management

Henderson Global Investors: 2014 looks set to be another strong year for UK commercial property


Andrew Friend, acting co-manager*, and Marcus Langlands Pearse, co-manager of the Henderson UK Property Unit Trust (HUKPUT), provide an overview of the key risks and opportunities for the UK commercial property market.

More about this:

Archive

Today's articles

Tools from Citywire Money

From the Forums

+ Start a new discussion

Weekly email from The Lolly

Get simple, easy ways to make more from your money. Just enter your email address below

An error occured while subscribing your email. Please try again later.

Thank you for registering for your weekly newsletter from The Lolly.

Keep an eye out for us in your inbox, and please add noreply@emails.citywire.co.uk to your safe senders list so we don't get junked.

Sorry, this link is not
quite ready yet