Aberdeen Asset Management Plc agreed to buy Lloyds Banking Group Plc’s Scottish Widows Investment Partnership unit for 560 million pounds ($903 million), a deal that will create Europe’s largest publicly traded money manager.
Treasuries rose for the first week this month as Federal Reserve Chairman-nominee Janet Yellen said she backs the central bank’s unprecedented stimulus program as long as the economy is sluggish, boosting demand for the debt.
Royal Bank of Scotland Group Plc expects to post a “substantial” full-year loss after transferring 38.3 billion pounds ($61 billion) of its worst loans to an internal bad bank under government pressure.
Mark Dixon, the billionaire founder of Regus Plc, the world’s largest operator of serviced offices, has more than doubled his fortune in the past year as increased demand for flexible office space propelled the company’s share price to an all-time high.
Bloomberg Television Debuts 'On the Move with Francine Lacqua' New Weekday Program Expands upon Bloomberg Television's Leading European and Asian Business News Coverage Business Wire NEW YORK & LONDON -- August 31, 2010 Bloomberg Television, the global 24-hour business and financial news network, today announced the launch of "On the Move with Francine Lacqua," airing weekdays from 9-10 AM CET. Hosted by Bloomberg Television anchor and senior correspondent Francine Lacqua, "On the Move" provides comprehensive coverage of market openings across Europe, breaking news from Asia, and live reporting on the stories most impacting business around the globe. "Francine's unparalleled access to top business and political leaders gives our viewers competitive insight into the markets and the business day ahead," said Brian Martinez, International Managing Director, Bloomberg Television.