Tuesday, November 2, 2010

Early Market News: Centrica plc (LON:CNA), Royal Bank of Scotland Group plc (LON:RBS), Barclays PLC (LON:BARC)

Here is another collection of breaking news stories which may affect companies as trading continues later. The following stocks should see some movement: Centrica plc (LON:CNA), Royal Bank of Scotland Group plc (LON:RBS), Barclays PLC (LON:BARC). Here is a more detailed look at the news that will affect each company when trading continues. Centrica plc (LON:CNA) Centrica plc (LON:CNA) has signed a new deal with Senergy worth more than £10 million. The deal is a five year agreement, including services like subsurface consultancy, well engineering and well operations management across Centrica plc's (LON:CNA) UK oil and gas operations. It has also decided to meet groups of directors from both companies to review progress regularly. Greg McKenna, commercial director at Centrica plc (LON:CNA),said: “The aim of the collaboration agreement with Senergy is to maximize our project execution and delivery by exploiting our collective resources and expertise." Royal Bank of Scotland Group plc (LON:RBS) Ex-Royal Bank of Scotland Group plc (LON:RBS) Director Joseph Giordano has been hired by RBC. Joseph Giordano, 37, started work last week in New York. He is responsible for selling structured notes and over-the-counter derivatives to brokerages, investment advisers and private banks, said Kait Conetta, a bank spokeswoman. In 2007, Giordano joined ABN Amro Holding NV, parts of which were acquired by RBS that year. RBC's U.S. issuance of structured notes rose to $1.4 billion this year. The Toronto-based bank sold $821 million in all of last year. Barclays PLC (LON:BARC) The target price on shares of CIT Group has been raised by Barclays PLC (LON:BARC). The company is keeping a lid on costs with a price target of $48.00, up from $46.00. CIT Group Inc. is a bank holding company, which provides commercial financing and leasing products, and management advisory services to clients in a variety of industries. CIT bank is its primary bank subsidiary. CIT Group Inc. sold its Australian and New Zealand Vendor Finance business to Bank of Queensland Limited In July 2010. We could see more movement when trading continues for Centrica plc (LON:CNA), Royal Bank of Scotland Group plc (LON:RBS) and Barclays PLC (LON:BARC).
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