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Barclays was facing renewed shareholder anger in spite of moves aimed at heading off a revolt over its plans to raise more than £7bn in fresh capital from Middle Eastern investors
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Legal ? General may vote against the bank's 7bn fundraising due to concerns about the high dilution of existing investors and the cost of the funding.
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A MAJOR row has broken out between Barclays and shareholders over the terms of its 7billion fundraising that will result in two major Middle Eastern investors holding more than one-third of the bank.
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Middle East investors planning to buy almost one third of Barclays have refused to reduce their return on the deal.
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BARCLAYS is increasingly confident it has seen off a major shareholder revolt and will get the go-ahead for a 7billion fundraising that will leave the bank one-third owned by Middle Eastern investors.
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Nov 18 - Barclays offers slice of capital injection and cancels bonuses after shareholders complain terms of the injection were too generous for the Middle East investors.
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British bank shares slumped yesterday after Barclays confirmed it was looking at capital raising and fears rose about credit insurance pay-outs as investors absorbed massive losses on Lehman Brothers' debt.
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The president and chief executive of CareFirst BlueCross BlueShield defended the regional insurance giant as a "generous" benefactor to the community at a D.C. Council committee hearing yesterday, and a parade of nonprofit organizations backed up his claim.
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BARCLAYS said it was considering raising cash from money markets rather than the taxpayer in response to Govern-ment plans to bolster balance sheets across the banking sector.
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If the television technology is quick enough the game can only benefit.
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Two-time world champion Fernando Alonso has secured his second successive Formula One victory in winning the Japanese Grand Prix. Massa cut Hamilton's lead in the World Championship to six points with two races remaining.
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San Francisco WR Isaac Bruce caught two passes for 28 yards against the Eagles in Week 6.
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A strike in Iran's traditional bazaars expanded on Sunday despite an order by President Mahmoud Ahmadinejad to suspend a new tax on sales that ignited the protest more than a week ago.
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A strike in Iran’s traditional bazaars expanded on Sunday despite an order by President Mahmoud Ahmadinejad to suspend a new tax on sales that ignited the protest more than a week ago.
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"The womenfolk are doing nicely, thank you." The opening line of a news story in Colliers magazine written on Nov. 4, 1950, is a lead I doubt would appear in today's media. Especially under the headline "She-Town."
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World Cup dream in tatters as George Burley chooses to stake Scotland's fortunes on the football equivalent of a subprime mortgage.
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When the Government said last week that banks taking part in its rescue scheme would have to support lending to small businesses and home buyers and limit executive pay many in the City thought this was just window dressing to justify bailing out the financial system. How wrong they were.
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Barclays said today that it will not turn to the Government for emergency funding as the bank unveiled plans to raise more than £6.5 billion from investors to help shore up its balance sheet.
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The British bank is getting the chance to put together a £10 billion recapitalization plan without taxpayer funds, while three of its biggest rivals are left tied up in government knots.
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Why ministers will not try to force through 42 days
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King of the Mountains Bernhard Kohl, who finished third overall, is the latest Tour de France competitor to fail a doping test.
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AUSTRIA'S Bernhard Kohl, the best climber at this year's Tour de France and third overall, has tested positive for third-generation drug EPO Cera, France's national anti-doping agency (AFLD) said.
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Hurricanes G Cam Ward couldn't outperform G Ty Conklin in his Detroit debut Monday as Carolina fell 3-1 to the Red Wings. Ward made 33 saves for Carolina, but a second-period power-play goal from Tomas Holmstrom proved to be the difference and Henrik Zetterberg iced the game with an empty net goal. Conklin made 27 saves.
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Plans to hold terror suspects for up to 42 days without charge were dramatically abandoned last night after the proposals were overwhelmingly defeated in the House of Lords.
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Barclays' decision to reject the Government's offer of a capital injection surprised banking experts yesterday, with critics sceptical about the bank's claims to have steered a better course than its rivals through the credit crunch.
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The austrian cyclist Bernhard Kohl, who won the King of the Mountains competition in this year's Tour de France, has tested positive for a banned blood booster in a rechecking of his samples from the race.
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Barclays, the UK’s second-biggest bank, yesterday said that it would not turn to the government for emergency funding but that it would go ahead with plans to raise more than £6.5bn from investors to help shore up its balance sheet.
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Barclays is sued over claims it moved loss-making investments from its own accounts to outside investors.