LONDON: Britain’s shares should outperform Europe’s, thanks to higher exposure to fast-growing emerging markets, while a boost from central bank liquidity should help banks rally further, according to ING Investment Management.
Stocks have kicked off 2012 on a high note, but investors have been slow to buy into the rally, meaning there is still plenty of cash left on the sidelines and able to push the market higher in the coming months, said Valentijn van Nieuwenhuijzen.
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Saturday, February 11, 2012
Monday, February 6, 2012
NAB review UK operation
National Australia Bank has finally launched a review of its UK business, which is battling a market in the grip of a prolonged recession.
NAB chief executive Cameron Clyne insists the business is still profitable, but margins have been squeezed and lending losses are again on the rise.
The review comes after NAB is said to have rejected a £2 billion ($3.2 billion) offer for Clydesdale last September from private equity firm Sun Capital. Several credit-rating agencies downgraded Clydesdale late last year amid speculation NAB had been planning to offload all or part of the bank
Read more: http://www.smh.com.au/business/nab-launches-review-of-uk-business-20120207-1r2pd.html#ixzz1leTmyfe5
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