WHAT THE OTHER PAPERS SAY THIS MORNING

first_img KCS-content FINANCIAL TIMESPATERNOSTER IS PUT UP FOR SALEPaternoster, the specialist pensions business set up by former Prudential executive Mark Wood, has been put up for sale, with its original backers facing the potential loss of more than half their £500m equity investment. The majority of its backers are seeking an exit from a company that was forced to close to new business in the depths of the financial crisis. The company hopes to receive initial expressions of interest by September.US BANKS GET BUY-BACK WINDOWThe Dodd-Frank financial reform bill has opened a 90-day window for banks to buy back $118bn (£76bn) in high-cost securities, a move that would enable them to replace the instruments with cheaper capital but is likely to cause tensions with regulators and investors.theguardianMYNERS: LABOUR SHOULD RETURN TO GOLDEN RULELabour should return to the “golden rule” that current government expenditure should be covered by taxation, Lord Myners has argued. He said: “I am essentially arguing for the golden rule which Gordon so passionately believed in, but grew to forget. Through the economic cycle government expenditure should be covered by taxation and borrowing should be used for investment purposes.”THOUSANDS OF AIR PASSENGERS AWAIT ASH CLOUD COMPENSATIONAlmost four months after volcanic ash wreaked havoc for air passengers, thousands of frustrated flyers are still trying to claw back refunds from airlines. BA says it has already paid out millions of pounds in compensation to thousands of customers who were affected.THE TIMESBIG HITTERS STAKE THEIR CLAIMS IN BATTLE FOR TOP LAW JOBSThree of Britain’s elite law firms face leadership contests this year. The most closely watched battle is likely to be at Freshfields Bruckhaus Deringer where the chief executive Ted Burke has been challenged by William Lawes. Partners at Clifford Chance will elect a successor to Stuart Popham and Linklaters will seek a replacement for David Cheyne.BAE MUST WAIT AS JUDGE PUTS £30M BRIBERY PLEA DEAL AT RISKA landmark £30 million deal to settle corruption allegations against BAE Systems has been delayed amid fears that it could be thrown out in court. The plea agreement with the Serious Fraud Office, which brought an end to a six-year investigation into suspected bribery, is unlikely to come before the courts before November.The Daily TelegraphNATWEST BANKER CLAIMS HE WAS “TORTURED” INTO PLEADING GUILTY OVER THEFT OF $7.3M FROM RBSTwo of the “NatWest Three” bankers convicted in the US of stealing $7.3m (£4.7m) from Royal Bank of Scotland claim to have been pressured into making guilty pleas. In a video, Mr Mulgrew said the pressure from the US trial process was like “torture”.LONDON’S NEW AIRPORT COULD BE IN BIRMINGHAMLondon’s newest airport could be in Birmingham, thanks to improved rail links that will cut the journey time to London down to 38 minutes. With the coalition Government blocking expansion at Gatwick, Heathrow and Stansted, the West Midlands airport says it is “the solution” to the lack of capacity in the South East. Birmingham Airport boss Paul Kehoe said regional airports were a solution.WALL STREET JOURNALBOA MAY REDUCE BLACKROCK STAKEBank of America has concluded that its 34 per cent share of BlackRock isn’t a core asset and is weighing a possible reduction of its holdings in the influential New York asset manager, said people familiar with the situation. No talks have been held about when or how this might happen, and Bank of America still could decide to keep the 64.7m common and preferred shares that it owns. APPLE MANAGER ARRESTEDAn employee of Apple was arrested on charges tied to his allegedly receiving at least $1m (£640m) in kickbacks from six companies in Asia that serve as suppliers to the firm. Paul Shin Devine, a global supply manager at Apple, was charged with offenses that include wire fraud, money laundering and unlawful monetary transactions. whatsapp Share Sunday 15 August 2010 11:04 pm center_img Show Comments ▼ WHAT THE OTHER PAPERS SAY THIS MORNING whatsapp Tags: NULLlast_img read more

Britain is moving back to the old Left

first_img Tags: NULL Britain is moving back to the old Left KCS-content SLOWLY but surely, Britain’s political landscape and broader culture are reverting to type. Tony Blair and Margaret Thatcher’s legacies are being consigned to history. In key respects, Britain is turning back the clock. This is a hugely important development, unique to the UK; no other country appears as eager to re-embrace the nostrums of the 1970s. Under Blair, the Labour Party turned its back on hardcore socialism, class war and traditional tribal politics, becoming instead a more centrist, social-democratic party committed to social mobility, wealth-creation and enterprise as much as redistribution and increased spending. That shift was almost as important as Thatcher’s takeover of the Conservatives and her transformation of Britain’s economy and society. A new, post-1979 settlement emerged for Britain: for the first time since the 19th century, both government and opposition supported variants of capitalism; both parties accepted that private enterprise, free trade and personal ambition were the driving force of progress; both increasingly blurred the line between the state and the private sector when it came to delivering taxpayer-financed health, education and welfare. This consensus, which crumbled as Blair lost control of the domestic agenda years ago, and ran into trouble when Gordon Brown became prime minister in 2007, is now officially over. Ed Miliband, Labour’s new leader, proclaimed the death of New Labour yesterday; his policies are as incompatible with Blairism as they are with Thatcherism. He supports high tax not primarily because he thinks it will raise revenue but to punish the better-off. Ken Livingstone wants to go even further. Even though bonuses are already mostly taxed at a marginal rate of 51.5 per cent, Miliband wants to increase the bank tax, reintroduce a bonus tax and slap a Tobin tax on financial transactions. He believes in the need for the government to regulate pay levels in the private sector. He supports a new graduate tax.While some of this is inspired by the bank crisis, most of it isn’t. Financiers are being singled out – but all private firms are being hit, all entrepreneurs targeted, and nobody who is trying to work hard to better themselves, buy a larger house or educate their families will be safe from the onslaught. This is as much an anti-capitalist, anti-business and anti-wealth agenda as it is narrowly anti-City. All the old divisions will reappear, all the old voting patterns, all the old class-based hatreds. There is no place in Miliband’s intellectual framework for the idea, shared by Thatcher, John Major and Blair alike that too much tax and too much red tape is counter-productive, reduces effort and investment, chases away capital and talent, impoverishes the nation and destroys the public finances. Instead, to Miliband, the private sector can be taxed and beaten and throttled – and it will always come back for more. This view of the world is shared almost entirely by the coalition’s Vince Cable wing. The two men appear to agree on everything apart from the budget deficit, about which Miliband is in denial. The opposition hates the City and wants to tax everything that moves; Cable agrees; the Tories are too scared to resist. The public, which has not been exposed to a proper defence of capitalism for years, wants to lash out. It is therefore becoming increasingly difficult to remain optimistic about Britain’s long-term future. I hope I’m wrong, but I fear for the UK’s jobs and [email protected] whatsapp Share center_img Show Comments ▼ whatsapp More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo Sunday 26 September 2010 10:55 pmlast_img read more

Close upbeat as loan book boosts profit

first_img Show Comments ▼ Close upbeat as loan book boosts profit whatsapp MERCHANT bank Close Brothers posted a seven per cent rise in underlying profits yesterday on the back of a 23 per cent rise in its loan book and said it expects further growth in lending this year.The group said its underlying operating profit rose by £7.6m to £121.3m in the year to 31 July, before impairments totalling £21.5m related to a revaluation of two investment assets and a writedown on its asset management business, which is being restructured.But the banking division business contributed an adjusted operating profit of £79.5m, up 47 per cent as it expanded its reach in retail and commercial lending.“Although all lending has been down, there have been opportunities for specialist lenders like ourselves to step up,” chief executive Preben Prebensen said, adding he expected growth in the loan book to continue.The group’s core tier one capital adequacy ratio dipped 0.9 percentage points from a year ago to 13.9 per cent but it said a modest improvement in economic conditions saw a reduction in loan impairment losses as a percentage of the average loan book to 2.4 per cent from 2.6 per cent at the end of July 2009.The securities division saw a nine per cent drop in its operating profit to £59.3m, with the reduction attributed to a sharp fall in profits at derivatives trader Mako. The final dividend was maintained at 25.5p a share. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Sharecenter_img whatsapp KCS-content Tuesday 28 September 2010 10:16 pm More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Tags: NULLlast_img read more

CITY VIEWS: WILL YOU BE SPENDING LESS THIS CHRISTMAS BECAUSE OF WORRIES ABOUT THE ECONOMY

first_img KEVIN SKELLY | KIRKLAND“I’ll be spending more this Christmas. I have a grandchild now so it’s definitely going to be more expensive. The austerity measures won’t have any real effect. It’s just something you have to spend money on.”VIKAS SAINI | TMFI’ll be spending about the same this year. The spending cuts and the economy won’t have an effect. I don’t have any children so I don’t have to shell out loads on them. The VAT hike won’t make much difference to me.”ANNA POLLINS | RAYMOND JAMESI’ll probably be spending more but I’ve definitely budgeted for it this year. I made a decision to keep some money set aside for Christmas, where I might not have before. The VAT rise won’t affect me.” Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share whatsapp KCS-content Thursday 14 October 2010 8:39 pm CITY VIEWS: WILL YOU BE SPENDING LESS THIS CHRISTMAS BECAUSE OF WORRIES ABOUT THE ECONOMY center_img whatsapp Show Comments ▼ Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comlast_img read more

HSBC cools on Nedbank bid

first_img KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Thursday 14 October 2010 9:49 pm whatsapp HSBC cools on Nedbank bid whatsapp Show Comments ▼ HSBC is believed to be reconsidering its plans to launch a £5bn bid for a controlling stake in South African bank Nedbank, as its exclusive talks with majority owner Old Mutual draw to a close. Shares in Nedbank fell 0.9 per cent to 147.73 rand (£13.59) yesterday, after South African finance minister Pravin Gordhan said he hadn’t yet been approached by HSBC about a takeover. Gordhan said he could not estimate how long it would take to consider a bid, saying he expects to make a decision “when the letter comes”. HSBC secured a two-month period of exclusive talks with Old Mutual over its 70 per cent stake, which are due to expire this weekend. However, it is looking increasingly unlikely that the bank will make a bid before the exclusive talks end.If HSBC walks away, rivals keen to improve their presence in the rapidly-growing African market could step into the game. Standard Chartered has previously expressed an interest, though chief executive Peter Sands said on Wednesday that the bank’s £3.3bn rights issue was not for “a war chest for acquisitions”. HSBC, Nedbank and Old Mutual were not available for comment. Share Tags: NULLlast_img read more

Sentance: Raise interest rates now

first_img Show Comments ▼ Sentance: Raise interest rates now by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapp John Dunne center_img whatsapp Friday 22 October 2010 2:44 am Share The Bank of England should start to raise interest rates from a record low of 0.5 per cent because Britain’s economy and global conditions have improved, Bank policymaker Andrew Sentance has said.Sentance, who has been voting for a quarter-point rate rise since June, said the economic turnaround means the UK economy needs less stimulus from the central bank’s monetary policy.“What I am in favour of is a gradual rise in interest rates which will not destabilise the recovery and will not disrupt business and consumer confidence,” he told BBC Radio.“The global economy has turned round and the UK economy has grown by round about 2.5 per cent over the last year. So those are all the conditions where we don’t need so much stimulus from monetary policy, such a low level of interest rates.”The Bank’s rate-setting Monetary Policy Committee was split three ways at its October meeting, according to minutes released this week.Policymaker Adam Posen voted to raise the £200bn quantitative easing programme by another 50 billion pounds. Sentance, the committee’s most hawkish member, reiterated his call for a quarter-point rate rise and the remaining seven members opted for no change.Sentance added that the recovery was “a bit erratic.”“Some businesses I speak to say ‘well, we see a good month and then it’s quiet the next month. That unevenness is quite common at this stage of the recovery,” he told the BBC. last_img read more

BAA narrows losses and plans £300m bond issue

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald John Dunne whatsapp BAA narrows losses and plans £300m bond issue Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap center_img whatsapp Share Tags: NULL BAA has reported a reduction in losses for the nine months to the end of September and strong growth in passenger numbers.Pre-tax losses were £192.6m – were down from £784.7m in the same period a year ago. Meanwhile evenue was up 4.4 per cent at £1.55bn.The company reported “record passenger traffic” between July and September.It also said it hoped to raise between £250 and £325m through a bond issue to refinance the remainder of its 465.8 million pounds loan facility, which is due in 2011.BAA – which is majority-owned by Spanish firm Ferrovial – operates the airports at Heathrow, Southampton and Aberdeen, as well as Stansted, Glasgow and Edinburgh.However, earlier this month it lost an appeal hearing against a ruling that it must sell Stansted airport, as well as either Glasgow or Edinburgh airport.Chief executive Colin Matthews said: said: “BAA has delivered good results and we have strengthened our financial position through refinancing of nearly £2bn of debt.“The outlook for the remaining months of the year is positive.” Wednesday 27 October 2010 3:26 amlast_img read more

Asos in profit surge

first_img whatsapp More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com John Dunne Show Comments ▼ Asos in profit surge whatsapp Tags: NULL Share Monday 8 November 2010 3:52 am Online fashion retailer Asos today said profits were up by nearly two thirds.The firm made a pre-tax profit of £7m in the six months to September 30, up 59 per cent from £4.4m in the period last year.Revenue was up 45 per cent to £139.7m.Chief executive Nick Robertson said: “As we head into the important quarter three trading period, we remain positive about the outlook for the second half and expect our full year results to be in line with market expectations.”Asos targets 18 to 34-year-old women with clothes based on the designer looks of celebrities such as Kate Moss, Sienna Miller and Alexa Chung but at a fraction of the price.The firm launched a website in the US in September and since the first half ended has gone online in France and Germany. It sees these as key milestones in its international expansion.Shares in Asos have more than doubled over the last six months. last_img read more

Revealed: The UK’s Irish risk

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp whatsapp THREE major UK banks – RBS, Barclays and Lloyds – together havemore than €100bn (£860m) of exposure in Ireland, according to data seen by City A.M.Morgan Stanley conducted research on the levels of exposure in the three “peripheral” Eurozone countries, Ireland, Portugal and Greece. Unsurprisingly “the largest exposures are clustered in UK banks”, the report says.After the Irish bailout, which could still see bank creditors taking losses, such figures will be analysed ever more closely.In total 21 listed banks hold €347bn of exposure across the three countries. Of that, €131.5bn is held by RBS, Barclays and Lloyds BG.The exposure to sovereign risk of state-owned RBS is shown as equal to 113 per cent of the company’s Total Net Asset Value (TNVA).The report considers both sovereign bond holdings as well as direct loan exposure. The data lists Lloyds having no sovereign bond holdings in Ireland, and a Lloyds BG spokesperson said the bank has “no sovereign exposure to Portugal or Greece” and “minimal” sovereign risk exposure in Ireland.The three banks with the largest Irish sovereign bond holdings are Credit Agricole (€929m), HSBC (€596m) and RBS (€385m).In the Eurozone, Ireland (9.9 per cent), Greece (17.5 per cent) and Portugal (7.2 per cent) have the highest proportions of banking assets funded by the European Central Bank (ECB). In recent months Ireland’s level of reliance has surged upwards, resulting in ministers last night succumbing to a bailout.The report warns that Portugal could face a similar fate. While the country’s problems are more due to “low productivity and competitiveness”, its levels of government debt to GDP are similar to Ireland’s – making it an off index investment in the eyes of many investors, according to the report. Tags: NULL Monday 22 November 2010 6:47 amcenter_img Share Revealed: The UK’s Irish risk KCS-content Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comlast_img read more

German business confidence up

first_imgThursday 25 November 2010 11:12 am Show Comments ▼ alison.lock GERMAN business confidence continues to soar upwards, a survey released yesterday shows.Economists expected no improvements in the Ifo Business Survey for November, yet the index revealed an enhanced business climate for the sixth consecutive month.The indicator jumped to 109.3 points, up 16.5 per cent on the same time last year. It has now reached the highest level since the survey began almost two decades ago.Signs of a consumer recovery were supported by a 45 per cent surge in confidence in the retailing sector, while figures for manufacturing and construction were also up.Germany’s consumer revival is reflected in the survey, which recorded negative retailing figures until a sharp boost in confidence since July.On Tuesday the German economy received a boost from a similar measure of economic activity, the Purchasing Managers’ Index (PMI) which rose sharply in November.German GDP growth for the third quarter of the year had earlier been confirmed at 0.7 per cent.The positive figures for November offer some relief for German manufacturers, after the EU revealed that new manufacturing orders from the Eurozone fell by 3.8 per cent in September.However, the Eurozone’s woes are not all bad news for Germany, according to Jennifer McKeown of Capital Economics.The drop in the Euro has actually helped manufacturing in “export-reliant Germany”, she said. whatsapp German business confidence up Sharecenter_img Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comlast_img read more