TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 BST

TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 BST

	Published : Tue, 05 Jun 2007 09:32 By : Agencies Print this Story

2007-06-05 08:53:42

Vedanta's Sterlite Industries launches ADS offer of 125 mln shares

LONDON (Thomson Financial) - Sterlite Industries Ltd, a unit of copper and

zinc miner Vedanta Resources PLC, has launched a global offering of 125 mln

shares in the form of American depositary shares.

2007-06-05 08:42:57

China Q1 IT consulting market 2.17 bln yuan, down 10.33 pct vs Q4 - Analysys

BEIJING (XFN-ASIA) - The China IT consulting market was 2.17 bln yuan in the

first quarter, falling 10.33 pct quarter-on-quarter, but rising 30.72 pct

year-on-year, technology consulting firm Analysis International said.

2007-06-05 08:33:13

Shariah Capital FY net loss 644,188 usd; says encouraged by demand for products

LONDON (Thomson Financial) - US-based advisory company Shariah Capital Inc

made a net loss of 644,188 usd for year to end-December, but said it is

encouraged by the demand for its Shariah compliant products and future

opportunities.

2007-06-05 08:07:35

BROKERWATCH EcoSecurities upgraded to 'buy' from 'add' by ABN Amro

LONDON (Thomson Financial) - Shares in EcoSecurities PLC have been upgraded

to 'buy' from 'add' by ABN Amro after the group announced a positive AGM

statement on 25 May, a dealer said.

2007-06-05 07:56:03

BROKERWATCH IG Group cut to 'neutral' vs 'buy' at Merrill Lynch on valuation

LONDON (Thomson Financial) - Merrill Lynch has downgraded its recommendation

on IG Group Holdings PLC to 'neutral' from 'buy', with an unchanged price target

of 310 pence on valuation grounds, dealers said.

2007-06-05 07:54:29

Intermediate Capital 12 mths pretax profit at 224 mln stg; starts year 'well'

LONDON (Thomson Financial) - Mezzanine finance company Intermediate Capital

Group PLC posted a pretax profit of 224 mln stg for the year ended March 31

2007, against 190 mln stg for the 14 months to March 31 2006, and said it has

started the new financial year well.