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BEST OF THE BROKERS

first_imgTuesday 14 September 2010 8:16 pm 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBetterBe20 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 Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleYeah MotorCheck Out These Car Wraps, 20 Car Wraps That Had Us LaughingYeah MotorNext RefinanceThis Is Why The Roy Rogers Museum Has Been Closed For GoodNext Refinance whatsapp Tags: NULL KCS-content center_img Share HOME RETAIL GROUPNomura has downgraded its rating on Home Retail Group to “reduce”, citing its Argos business. The broker says Argos’ product and demographic problems outweigh its core competitive advantage. The Argos business model is not broken but falling margins, low growth and a lack of product emphasis, in the broker’s view, limit the attractiveness of the stock.NOVARTISMore cash and less equity seems in the interest of Novartis’ shareholders, says JP Morgan Cazenove, which reiterates an “overweight” rating on the pharmaceutical giant. The broker says more cash should give Novartis management some flexibility to increase its offer for Alcon minorities and views a merger agreement as a positive trigger for Novartis’ shares.TULLOW OILCitigroup says confirmation of Owo as a major new oil field is a clear positive for Tullow Oil. The broker gives it a “buy” rating but notes expectations were high ahead of the announcement. Citigroup believes the issues surrounding Tullow’s Ugandan portfolio will be resolved in the near-term and views any associated weakness as an opportunity. Show Comments ▼ BEST OF THE BROKERS last_img read more

India is in Blackberry email talks

first_imgTuesday 21 September 2010 7:25 pm India is in Blackberry email talks Tags: NULL whatsapp KCS-content Show Comments ▼ A spokeswoman for RIM, which has never commented on whether the Indian government has access to BlackBerry services, was not immediately available for comment.The Indian interior ministry said on 30 August that the Canadian firm had offered several ways to allow authorities to monitor BlackBerry communications. The government said it would check their feasibility over the next 60 days.Saudi Arabia, fretful over services such as online pornography, has reached a deal with RIM on access to the BlackBerry Messenger instant messaging service, a consumer product that operates outside of the secure corporate domain, according to government sources.Meanwhile, both Kuwait and the United Arab Emirates have raised similar concerns, with the UAE setting an October 11 deadline for RIM. 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity 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.com Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof INDIA is in talks with Research In Motion (RIM) to gain access to BlackBerry corporate e-mails after securing access to instant messages sent via the devices, a senior government source said yesterday.India, which along with several other countries has expressed concerns that BlackBerry services could be used to stir political or social instability, had threatened RIM with a ban if it were denied access to data.last_img read more

Premium cake market slump hits Finsbury sales

first_img KCS-content Share BAKER Finsbury Food Group saw sales fall for the first time in its history as the recession took its toll on the premium cake market.Group revenue for the 52 weeks to 3 July 2010 was £168.3m, down 5.9 per cent year-on-year, although the company did manage to increase profits before tax by seven per cent to £5.4m, excluding one-off savings. The company’s cake operation, which accounts for 74 per cent of revenue and includes Memory Lane and Lightbody, saw sales drop by 9.7 per cent during the period, due to an overall decline in the cake market and a decision to exit low-margin business.“Current trading for the first eight weeks since the half year is in line with expectations, with revenue growth of 10 per cent in absolute terms and five per cent on a like-for-like basis, after eliminating the impact of Livwell,” Finsbury said in a statement. Thursday 30 September 2010 10:05 pm Premium cake market slump hits Finsbury sales 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img 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 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.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today Show Comments ▼ whatsapp Tags: NULLlast_img read more

IPO candidate Edwards sees stronger second half

first_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 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.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Monday 4 October 2010 8:54 pm Edwards Group, the vacuum technology firm that is preparing for a sale or flotation, said it “rapidly recovered” from the global downturn and would grow sales and profits further in the second half of the year.In a statement, the firm said first-half net sales rose 74 per cent compared to a year earlier, to £298m. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to £59.8m, from £2.2m a year earlier.“For the second half of 2010 Edwards has high levels of order coverage and anticipates underlying revenue growth over the first half with the contribution flowing through to operating profit and cashflow,” the company said.People familiar with the matter say Edwards’s private equity backers value the firm at about £1.5bn. Morgan Stanley, Goldman Sachs and Bank of America Merrill Lynch have been hired as advisers for a potential deal. center_img Share Show Comments ▼ whatsapp IPO candidate Edwards sees stronger second half KCS-content last_img read more

Prada mulls a Hong Kong listing launch

first_img ITALIAN fashion house Prada is studying an initial public offering (IPO) in Hong Kong for the first half of 2011.Prada, which has scrapped an IPO four times in the past ten years, may raise more money through a primary listing in Hong Kong than in Milan because individual investors are more active in Asia, according to experts.Prada, which owns top-selling brands Miu Miu and Church’s, may hire banks as soon as next month, a source told Bloomberg.A Prada spokesman said the Prada company is continuing to monitor market conditions.Prada is controlled by chief exexcutive Patrizio Bertelli, his wife Miuccia Prada and her family.The company ditched plans to list in 2008 because of adverse market conditions. Prada had hired Intesa Sanpaolo SpA, UniCredit SpA and Goldman Sachs Group to manage the offering at the time. Prada may fetch a valuation in excess of Louis Vuitton Moet Hennessy SA’s trading multiples, sources told Bloomberg.The world’s largest maker of luxury goods has an enterprise value of 11.65 times 2010 earnings before interest, tax, depreciation and amortisation.Prada’s Ebitda more than doubled to €225.2m (£197.3m) in the six months to 31 July. Revenue climbed 29 per cent to €936.5m, led by a 47 per cent gain in Asia. Prada’s debt was €485m at the end of 2009, the company said in March.Prada was founded by head designer Miuccia Prada’s grandfather Mario Prada in 1913.FAST FACTS | PRADAThe company was founded in Milan in 1913. It still operates from its first outlet in Milan’s 19th-century Galleria shopping. Prada also owns the Miu Miu, Car Shoe and Church’s brands. Prada mulls a Hong Kong listing launch by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports Dropmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldFamilyMindedThe Most Common Astrology Questions People AskFamilyMindedOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlush Tags: NULL Share whatsapp Wednesday 6 October 2010 7:57 pmcenter_img Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap KCS-content whatsapp Show Comments ▼last_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_img Share whatsapp whatsapp 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.comUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndo FINANCIAL TIMESUK AND FRANCE IN TALKS ON TRIDENT MAINTENANCEAn agreement being negotiated by the UK and France would see British nuclear warheads serviced by French scientists and break with half a century in which neither country has collaborated on its independent deterrent. Ahead of a summit in three weeks, the governments are close to agreeing that Britain would use a French laboratory to help maintain and service its 160 warheads.INVESTORS SEEK $12BN TO GRAB PRIVATE EQUITY ASSETSThree of Europe’s biggest investors in second-hand buy-out and venture capital assets are raising almost $12bn to scoop up a flood of private equity interests being sold at a discount by banks and financial institutions. Coller Capital has kicked off a $5bn fundraising, while Axa Private Equity wants to raise $3.5bn and Pantheon Ventures this week raised a new $3bn fund. ALCOA SEES FALL IN NET INCOMEAlcoa, the US’s biggest aluminium producer, kicked off the third-quarter earnings season by reporting a fall in net income as an uptick in demand for industrial goods failed to offset a decline in prices over the quarter. The company said that a series of facility shutdowns resulted in a spike in one-time charges, but forecast faster growth in the developing world.FIRST PERUVIAN TO WIN NOBEL LITERATURE AWARD The Swedish Academy has awarded the 2010 Nobel Prize in literature to novelist and essayist Mario Vargas Llosa. He is the first Peruvian – and the sixth Latin American – to win the prestigious literary accolade. Vargas Llosa, 74, is the author of 16 novels, three short-story volumes, seven plays and over 20 works of non-fiction.THE TIMESMULTIPLIER HELPS TO DOUBLE DYSON PROFITSA hand dryer that costs in the region of £700 and a desk fan that sells for about £200 has helped Dyson nearly to double its pre-tax profits to £163.8m last year. The Air Multiplier, which was launched in Britain, Japan and the United States this summer after going on sale in Australia late last year, has proved a hit despite its hefty price tag. FORGET ASSET BUBBLES, KRAFT OPENS £9M CHEWING GUM LABKraft has set up a new gum and candy research centre in Europe to ensure that changes in chewing gum taste, texture and packaging have the right appeal in each market. The US food giant hopes that the new €10.4m (£9m) facility at Eysins, Switzerland, will help it to cash in on the growing global demand for chewing gum.The Daily TelegraphRECESSION SEES RISE OF THE SILVER APPRENTICEThe number of over-50s taking up apprenticeships has more than doubled in two years, official statistics have revealed. The figures show that older workers have been forced to retrain and learn new skills following the recession to find jobs, according to age charities. The statistics show the number of 50-plus apprentices leapt from 2,605 in 2007-08 to 5,376 the following year. AUSTRALIAN DOLLAR HITS 27-YEAR-HIGHThe Australia dollar has hit an historic 27-year-high after stronger than expected employment figures boosted the currency’s value. This afternoon the dollar hit 98.74 US cents, the highest level since January 1983, when the currency was first floated and valued at 97.65 US cents.WALL STREET JOURNALRUSSIAN OIL GIANTS COMPLAIN OVER FIELD ACCESS Russia’s decision to restrict access to the first major oil-and gas-field tender in five years has caused outrage among the country’s industry titans, who say the Kremlin’s claimed push for transparency and fair access to the country’s energy reserves is going nowhere. Russia has tightened its control of the oil and gas sector in recent years.SPAIN’S BANESTO SEES PROFITS DECLINE 52 PER CENTBanco Español de Crédito SA reported a 52 per cent drop in third-quarter net profit, as it set aside more cash to cover souring loans and as its lending business weakened. The bank, better known as Banesto, said net profit was €68.9m (£60.4m)?in the three months ended 30 September, down from €144.1m a year earlier. Show Comments ▼center_img KCS-content Tags: NULL Thursday 7 October 2010 9:47 pm More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comKansas coach fired for using N-word toward Black playerthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.com WHAT THE OTHER PAPERS SAY THIS MORNING last_img read more

By Osborne seeks EU backing over bank bonuses

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 Wednesday 24 November 2010 9:06 pm whatsapp Tags: NULL KCS-content By Osborne seeks EU backing over bank bonuses center_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 PastSerendipity 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 FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com THE European Commission has formally agreed to consider a request from chancellor George Osborne seeking support for common rules on the disclosure of bankers’ bonuses in a move that will delay the introduction of such pay regulations in the UK.Osborne is seeking to link the introduction of rules on transparency in the UK – which would force banks to reveal details of £1m-plus bonus payments – to a European Union-wide agreement covering Frankfurt, Paris and other EU financial centres.Osborne’s request comes after pressure from banks who had warned that the strict interpretation of the rule that caps the upfront cash component of large bonuses at 20 per cent, with the rest paid in shares or deferred – could see UK banks struggle to hire as their terms were less attractive. Another fear is that the rule could leave bankers with no bonus cash at all as the 50 per cent tax rate would be applied not just to the recipient’s upfront cash award, but also to share awards.The decision means British banks will not face new disclosure rules during the bonus rounds in February and March. whatsapp Sharelast_img read more

Everyone wants piece of Asia

first_img whatsapp Thursday 9 December 2010 8:56 pm KCS-content 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 TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todaymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Everyone wants piece of Asia 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The 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 Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’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 whatsappcenter_img Share Show Comments ▼ In many ways, Standard Chartered is the perfect bank. It has unique exposure to emerging markets, is well-capitalised with high levels of liquidity, and is reassuringly disciplined when it comes to costs. But yesterday’s update suggests its prudence is less steadfast than previously thought. Peter Sands can make a good case for growing costs more quickly than income. Everybody, from small local players to giants like HSBC, wants a piece of Asia. These days, it doesn’t come cheap. Competition for business, both in retail and wholesale, is increasingly stiff. Standard Chartered has built 50 new consumer branches and 90 customer centres, as well as investing in better facilities for its bankers. Staff costs are also creeping up. In India and China, where the authorities understand that top talent must be paid top whack in a global marketplace, bankers are commanding higher salaries and bonuses than ever before. Higher investment might make shareholders nervous, but will be worth it in the end. Tags: NULLlast_img read more

Sailing on the high seas with pirates, yachts and brokers galore

first_imgSunday 9 January 2011 10:13 pm WHAT do you do when you’ve done the rounds at a clutch of investment banks and stockbroking firms? Well, write a novel about the thrilling world of super-yachts, pirates and international finance, of course.And that’s exactly how Adam Wilson, non-exec chairman of Atlantic Coal, former managing director of Hichens Harrison and founder of Teather and Greenwood, has been keeping busy recently.The fruits of his labour, a self-published novel called Short Sail, is now listed on Amazon.com. The book follows the misadventures of Ronnie Vale, who is just an ordinary woman living it up in the British Virgin Islands, when she decides to take a job on a super-yacht known at “Tough Guy”. But wait – it all goes awry when Vale “finds herself thrown into the dangerous world of Ponzi schemes, hired assassins, and international finance”. Imagine Madoff meets Somalia.Unfortunately, the 168-page book, which promises a “thrill-a-minute”, is currently listed as “limited in availability” on Amazon. Surely John Grisham never has to put up with this kind of thing.A FINE FIGURESomebody please, throw Ed Miliband a bone. Preferably in the form of Sky’s Dermot Murnaghan for shadow chancellor.Current shadow chancellor Alan Johnson was on Murnaghan’s programme yesterday, talking all things deficit. Unfortunately, the MP managed to get himself all a-fluster when it came to national insurance tax rises. Murnaghan was clearly gunning for a hit: “I am interested Mr Johnson, you were when you took the job as you said a bit of an economic novice,” he said casually. “I just wondered if the shadow chancellor knows what the current rate of employers’ national insurance is.”Johnson was quick to declare that the employers’ rate is going up from 20 per cent to 21 per cent.Uh, we’re afraid not, Mr Johnson. Murnaghan had to give him the correct rate – 12.8 per cent – before the shadow Chancellor hastily corrected himself.Still, maybe we should give Johnson a break. After all, he’s not really in charge of much except HM Opposition’s credibility at the moment. He’s not doing it many favours.RISKY BUSINESSA merry conclusion to dispatches of the adventurer Lord Forsyth, as he writes to say that he’s been gorging on fillet steak, mashed potatoes and Chilean wine after his heroic sponsored excursion to the top of Antarctica’s highest mountain, Mount Vinson.Forsyth will be better-known to most City folk as former deputy chairman of JP Morgan and previously a Cabinet member, as well as a director of various firms.But in his latest exploits he’s been hacking his way through walls of ice, pursued by frostbite, in order to raise £366,514 for Marie Curie and street child charity CINI.And the great and good were lining up to give to the cause: “The chancellor has sent me a note enclosing a donation, with comment that he was not sure he should be supporting me in my insane enterprise,” Forsyth noted.“I have replied indicating that I was supporting him with his, and that reward does not come without risk.” Here’s hoping Osborne has similar success. More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org KCS-content whatsapp Sailing on the high seas with pirates, yachts and brokers galore whatsappcenter_img Share Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo Tags: NULLlast_img read more

Takeover Panel sets deadline on De La Rue

first_img KCS-content Monday 10 January 2011 8:37 pm Tags: NULL THE Takeover Panel yesterday issued a “put up or shut up” order on Oberthur Technologies, the French smart card maker eyeing a purchase of UK money-printer De La Rue.The order gives Oberthur until 7 February to decide whether or not it will make a formal offer for the company.Oberthur made an indicative offer at 905p, or £895m in total, in early December.De La Rue refused to come to the table, dismissing the price as “opportunistic” and “preliminary”.Since then, the French firm has mounted an aggressive campaign to court De La Rue shareholders, announcing last week that its takeover target had lost an important contract with its biggest client, the Reserve Bank of India (RBI).In response, De La Rue said that negotiations have been “ongoing” since the contract was suspended in July, but industry sources suggest that the firm was not invited to pitch for the RBI’s most recent money-printing contract.Oberthur now has just four weeks to stir up more trouble for its rival, with De La Rue shareholders reportedly restless about the lack of a response from their board. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterLuxury SUVs | Search AdsGet Unsold 2020 Cars For A Fraction Of Their ValueLuxury SUVs | Search AdsZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search AdsTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionNext RefinanceThis Is Why The Roy Rogers Museum Has Been Closed For GoodNext RefinanceNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteabley whatsappcenter_img Share Takeover Panel sets deadline on De La Rue Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more