Monthly Archives: November 2009

Lloyds reveals plans to issue new shares


Lloyds Banking Group has announced plans to sell shares at 37p in the biggest rights issue seen in the UK.

A rights issue is when a company issues new shares offering them exclusively to existing shareholders at a fraction of the listed share price, in this case 59.5% lower than Monday’s closing price.

The share sale is hoped to raise £13.5bn, which would allow the bank to avoid having to take part in the government’s banking insurance scheme – a protection scheme that many feared could end up being a form of nationalisation by stealth.

Shares in the 43% government owned bank were up 1% in morning trading.

Lloyds, the UK’s biggest mortgage lender, will be issuing a total of 36.5 billion new shares, which is the equivalent to 1.34 new shares for every one that currently exists.

The sheer amount of new shares has caused concerns among shareholders regarding the value of each share after it was suggested that, like quantitative easing in the UK caused the value of the pound to fall, this would result in share value being diluted.

Robert Talbot from Royal London Asset Management said the fate of the group lies with 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 currently has 2.8 million shareholders, together with Britain’s largest number of private investors. A meeting for shareholders will take place in Birmingham on Thursday to approve the plan.

The share sale will cost the average shareholder £336.67. Existing shareholders are not obliged to buy new shares but failing to do so would cause their current share value to be diluted.

The rights issue is only one of Lloyds’ plans to raise around £22.5bn in total.

Lloyds currently holds a dominant position in both the personal and business banking markets, offering a range of current accounts and savings accounts, as well as mortgages.

Seven Pros of Dental Equipment Leasing


Practically you can get any dental equipment on lease. This includes but not limited to : Dental chairs, Dental tables, Software, Chairs & Stools, Dental X-Ray Machine, Interior cameras, Sterilizers, Examining Room Equipment, Film Processors, Laboratory Test Equipment, Microscopes, Oxygen Equipment, Patient Chairs, vacuum systems and valves ,X Ray Film Processors, dental cabinetry/storage and more.

Dental equipment is very expensive. Buying it can be a great financial risk. You can fund any type of dental equipment without affecting your personal finances. This is the technology that keeps advancing and it become challenge to keep you stocked with the latest dental equipments. It is always better to lease equipment rather than buy it. It avoids business hassles. Whether you are new to dental practice or you are already established into it, you can benefit from updating or obtaining dental equipment leasing. The option of investigating the cost-effective dental equipment leasing provides the lessee with a cheap and effective alternative to buying.

Benefits of dental equipment

1.You stay with the current technology.

2.It requires no down payment.

3.Tax advantages

4.The equipments you were not able to buy because of the high price tagged with it, wouldn’t be a problem now.

5.Costs such as installation, freight, and training can all be included in the lease depending upon the contract, so you won’t incur any immediate out of pocket expenses.

6.Lease terms are quite flexible.

7.Always purchase the equipment later when the capital becomes available.

You get all the reimburses for your dental care expenses. But when it comes to discounts, they offer much more. To obtain a dental Insurance can be rather expensive. It becomes difficult to pay for insurance premiums. The discount plans offered by manufacturers have no yearly limits and no paperwork headaches. One can also use dental insurance and discounts for major savings on your money. It is now quite easy to get the best plan for yourself. And this is made possible by the advent of internet technology. You can get all the information from the click of a mouse. Research and Look for the cheapest one. The Plans are priced based on geographic region.

Dental equipment Leasing will enable you to obtain a much needed piece of business (medical or dental) equipment without a large outlay of cash.

Cash ISAs limits Increased


Saving enough to ensure a comfortable retirement has been an issue for many lately, especially as more company pension funds warn that they may face a shortfall in future years. So, any savings account that allows interest to accumulate without being taxed is to be welcomed, especially if the saver is a higher rate tax payer.

In the government’s latest move to encourage people nearer to retirement age to save more, anyone born on or before 5 April 1960 now qualifies to save an extra £1500 per year in a cash ISA than previously allowed. That limit changed on 6 October 2009 and now means that a total of £5100 per tax year – equivalent to £425 per month spread over 12 months – can now be invested into a cash ISA. However, from 6 April 2010 all ages will be eligible for the increased limits so those who qualify now should make the most of their increased allowances.

There is also another type of ISA – the Investment ISA – in which investors born on or before 5 April 1960 can currently pay up to £10,200 per year, or up to £5100 if they also intend in investing the maximum allowable amount of £5,100 in a cash ISA. Returns on investment ISAs are also free from any personal liability to income tax. Additionally, they are also free from capital gains tax, thus making it an extremely attractive investment option.

Individual Savings Accounts (ISAs) were introduced by the government in 1999 to encourage more Britons to save by offering tax-free benefits. For those under 50 the annual limit for investing in ISAs is currently set at £7200 per year; a maximum of £3600 of which can be invested in a cash ISA. Alternatively the entire allowable amount can be ploughed into an investment ISA. However, if any withdrawals are made the amounts invested cannot be topped up.

In a move to encourage older people to save for retirement from 6 October 2009 the government increased the limits that can be saved for those aged 50 and above for a limited time only. This incentive comes on the back of news that the pensions gap between public and private sectors is growing at an ‘alarming’ rate. In the space of one year the number of people contributing to private pension schemes dropped by more than 100,000. As a result there are now only 2.6 million workers contributing to private pensions schemes against a total of almost 5.4 million members of public sector schemes, membership of which leapt by over 200,000 during 2008 and 2009.

However, as the public sector is financed by taxpayers many believe that the pensions promised for many currently working public sector workers may be undeliverable. Therefore, as in the case of private pension contributors, individuals paying into public sector pensions are being encouraged by experts to also make additional provision for their retirement future. Paying into cash or investment ISAs certainly shouldn’t replace contributions to a recognised pension scheme, but it will help spread the risk.