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


Published :
Tue, 19 Jun 2007 09:33
By : Agencies
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2007-06-19 08:42:24

BROKERWATCH GIMV cut to 'accumulate' from 'buy' at KBC; target upped to 57.5 eur

BRUSSELS (Thomson Financial) - KBC Securities downgraded shares in private

equity company GIMV to 'accumulate' from 'buy' and increased its target price to

57.5 eur from 55.

2007-06-19 08:36:45

UTEK signs technology acquisition alliance with Clarient

LONDON (Thomson Financial) - Specialty finance company UTEK Corp said it has

signed a technology-acquisition agreement with Clarient Inc, a premier

technology and services resource for pathologists, oncologists and the

pharmaceutical industry.

2007-06-19 08:21:52

Europe's biggest hedge funds to study voluntary code of practice - report

LONDON (Thomson Financial) - Europe's biggest hedge funds have recruited

former Bank of England deputy governor Sir Andrew Large to lead a study into

voluntary standards for the industry in an attempt to head off pressure for

greater regulation, the Financial Times reported.

2007-06-19 07:29:02

BROKERWATCH Hellenic Exchanges downgraded to 'neutral' vs 'buy' at Merrill Lynch

LONDON (Thomson Financial) - Merrill Lynch has downgraded Hellenic Exchanges

SA to 'neutral' from 'buy' on valuation grounds, according to traders, as the

shares have now surpassed its target price of 19 eur.

2007-06-19 07:15:45

Vedanta says Sterlite unit priced global ADS offering at 13.44 usd each

LONDON (Thomson Financial) - Vedanta Resources PLC said its Indian

subsidiary, Sterlite Industries (India) Ltd, priced its 130.44 mln global

American Depositary Shares offering at 13.44 usd per ADS.

2007-06-19 06:50:01

Australia's Westpac bank receives approval to open Shanghai branch

SYDNEY (XFN-ASIA) - Westpac Banking Corp Ltd said the China Banking

Regulatory Commission (CBRC) has approved its application to open a branch in

Shanghai.




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