Posts Tagged ‘London’

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Lloyds Prices Rights Issue at 60% Discount[Money Making]

November 24, 2009

A rights issue is when a company issues new shares and sells them to existing shareholders at a discount to the listed share price.The shares are being sold at a discount of 59.5% to Monday’s closing price in order to raise £13.5bn from the sale thus avoid taking part in the government’s banking insurance scheme – the Asset Protection Scheme.Shares in Lloyds, which is 43%-owned by the government, were up 1% in morning trading.

A total of 36.5 billion new shares will be issued – that amounts to 1.34 new shares for every one already in existence.

The sheer number of new shares has raised fears that the value of each one will be diluted.

Robert Talbot from Royal London Asset Management said the company’s fate is ultimately linked to the performance of the UK economy.

“I think it puts them into a much stronger capital position to be able to withstand whatever lies ahead. The crucial question facing the bank over the next two to three years is what happens to the UK economy,” he said.

Lloyds has 2.8 million shareholders and Britain’s largest number of private investors. Shareholders will meet on Thursday in Birmingham to approve the plan.

It will cost the average shareholder £336.67 to take part in the share sale. They do not have to buy the new shares but if they do not they will see the stock that they already own diluted in value.

The rights issue is part of Lloyds’ wider plans to raise about £22.5bn overall.

It said on Monday that it had secured over £8.8bn from a bond issue.

source BBC
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Pic of the Day

November 6, 2009

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Lady Gaga continues to dress in a———— fashion by wearing a lace dress to dinner at Balans restaurant.Well,Levi Jonhson whom is set to show it all before the camera the middle of next month “in order to get the pictures out for the holidays, could surely learn from Lady Gaga.She’s on the of her field when its comes to branding.Lesson 1: when you have nothing interesting to say, please shut your mouth and experience the city with a freaking scary outfit ; you ‘ll end up being a twitter celebrity.That’s how it works Geee !

 

 

 

 

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Janelle Monae, the New Bjork

October 31, 2009

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Janelle Monae the new black Bjork was raging all over the place during the 2009 Voodoo Experience at City Park on October 30, 2009 in New Orleans, Louisiana.I gathered all the pictures and there’s one thing that really  struck a chord: She plays the space in a violently happy kind of way, her babydoll expressions are just amazing, we only see her and nothing else.It wouldn’t suprise me at all to see her ranked one of the most influential icon along with Madonna, Andre 300, Bjork, Jean-Paul Gaultier..More Pictures

Watch : Live performance at the SWSX musical festival

Vodpod videos no longer available.

Related video : Janelle Monae Performs “Smile” Live At Cargo In London

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disconcert

October 26, 2009

INTRODUCING disconcert is the new photo series that just posted Hedi Slimane on its website. 40 photos revealing once again the attraction of Hedi Slimane for music, passionate and dreamy youth. With Alex Needham (former NME and Music Editor of The Guardian), they have followed two young Londoners musicians -Alan and Richard Pilkington Trust – whom dream only for the moment they’ll play and go on tour. Started some years ago and published initially in V Magazine, Rock Diary by Hedi Slimane is a story that allows him -and he likes it-to discover emerging rock bands.

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HediSlimane.com

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Artworks Are Unveiled At The Frieze Art Fair

October 15, 2009

An art fair like Frieze is a great barometer of what’s happening in the art world, as aside from collectors, there are several curators who have come from far afield to carry out research.Get a daily sneak peek with Dealer’s diary.

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Amy and Dionne in conversation

October 7, 2009

Watch Amy and Dionne- Amy’s goddaughter and her first signing to Lioness Records– having a natter in Amy’s back garden.

Vodpod videos no longer available.

Amy’s website

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Bespoke by Alexander Amosu [Trends]

September 28, 2009

This found video of Alexander Amosu Luxury Bespoke Suit Line ‘s presentation in the street of London caught my attention because when its comes to pick up a suit it has always been a fashion mess between a great fabric but poorly executed or a good tailored suit in a less desirable fabric.And I have to admit those ones are looking perfectly executed and the materials are as Anna Wintour will put it :” just gorgeous”.Saville Row- hands down for sure- rules !

via Justluxe.com