Month: September 2021


first_img KCS-content Pru hires City fixer as profit eases tension More From Our Partners Astounding 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.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.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.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com whatsapp Share Show Comments ▼center_img whatsapp Tags: NULL PRUDENTIAL has hired a troubleshooter to help repair its tattered relations with City investors after the collapse of its $35.5bn (£22bn) attempt to buy AIG’s Asian arm.After a wave of criticism over its handling of shareholders, the FTSE 100 titan has poached insurance industry veteran Steve Riley from Clive Cowdery’s Resolution business. Riley started at Prudential this week with the special remit of liaising with fund managers and sell-side analysts.Institutional investors repeatedly blasted Prudential and boss Tidjane Thiam for “shambolic” communication during the aborted bid. Finance director Nic Nicandrou said Riley would be an important go-between for the company and its holders.“One of the lessons we’ve learned is, while we felt we were having a good dialogue with investors, it was clear there was more we could have done in that regard,” he told City A.M.But some shareholders were critical. The head of equities at a funds house said: “It doesn’t really wash. It might help around the edges but it will take a lot more than that to rebuild confidence.”The news came as Prudential smashed forecasts with first-half operating profits boosted 41 per cent by soaring Asian performance to £968m. Group sales rose 28 per cent to £1.7bn. Prudential upped its dividend five per cent to 6.6p per share. Thursday 12 August 2010 8:28 pm Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndolast_img read more


first_imgMonday 23 August 2010 8:43 pm whatsapp Share WHEN I had breakfast with Robert Swannell, the newly appointed chairman of Marks & Spencer recently, it was clear that the former investment banker was in anything but wind down mode.After three decades of working on mergers and acquisitions, sometimes over seven-day weeks involving late nights, Swannell could have been forgiven for putting his feet up, helping his charming wife with her art career and concentrating on his role on the board of governors at Rugby School where he is an active member.After recently retiring from Citigroup, Swannell set up his own office in the West End from where he would co-ordinate his new life, that until yesterday comprised directorships at HMV, British Land and 3i. His first day there he dubbed: “The first day of the rest of my life.”Now the latter two roles will go and Swannell will take over as chairman of Marks & Spencer, where he played a pivotal role keeping Sir Philip Green at bay not that many years ago.In Swannell M&S have recruited a man whose integrity has never been in doubt. At 59 years of age, he is also an experienced businessman but one who has a youthful enthusiasm for gadgets, such as the iPad, which he was showing me enthusiastically ahead of breakfast. At M&S he will have the task of helping the new management team under Marc Bolland of overcoming a couple of years of stuttering sales. He is joining just as retailers face up to an imminent hike in VAT and possibly a difficult period if consumer confidence slides in the run up to the public spending cuts.Whatever the obstacles thrown into the path of M&S, Swannell will welcome the challenge. Of that there is no doubt.TO CAP IT ALL“Just when we are pulling ourselves out of a crippling recession, imposing this cap now will strangle City law firms and in turn hit the businesses they act for,” says Des Hudson, the chief executive of the Law Society. Lawyers are only the latest City professionals to warn about the detrimental consequences of a cap on immigration.There is currently a consultation process under way into the introduction of a migrant cap after a number of pressure groups as well as a few ministers warned of the consequences of taking too tough a line on migrants.The Law Society says the cap may lead to firms and their clients relocating offices and transactional work disappearing to other jurisdictions, damaging London’s competitiveness as a global financial centre.That’s exactly what we don’t want at a time when President Nicolas Sarkozy is believed to be trying to woo bankers and the like to Paris with tax breaks and other financial incentives.The Law Society, like many other employer organisations would rather see a points based system that would allow the UK to bring in skills. “If there are skills that we need that we cannot meet from indigenous resources, we would all be better off if we could get people in from overseas,” says Hudson.Somehow the government has to square these concerns with those of the Mrs Duffys of the world, the woman who embarrassed Gordon Brown on the subject of immigration during the election campaign. [email protected] Allister Heath is away. whatsapp KCS-content Swannell is the right man for M&S Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirrorautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd Show Comments ▼ last_img read more


first_imgThursday 23 September 2010 8:16 pm Tags: NULL More From Our Partners Brave 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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com KCS-content PUBS and restaurants group Mitchells & Butlers yesterday reported a surge in food sales in recent weeks and said it was looking to make acquisitions as it re-shapes itself into a food-led business.M&B, which has over 2,000 pubs and restaurants and whose brands include Harvester, All Bar One and Toby Carvery, reported a 4.4 per cent increase in sales at outlets open for more than a year in the nine weeks to 18 September, with food sales rising by 7.1 per cent and drink sales up 2.2 per cent.“This is a very encouraging performance, particularly given the present consumer economy, and underlines the strength of the Mitchells & Butlers business,” said chief executive Adam Fowle.The switch towards higher-margin food sales has enabled the company to improve its operating margin which it expects will have risen by 1.2 percentage points to 16.5 per cent in the year to 25 September.M&B, whose chains also include the Sizzling Pub company, O’Neills and Ember Inns, said it was planning to invest about £200m next year on acquisitions of single sites and small packages of sites, as well as maintenance and conversions of existing pubs.Fowle said the group planned to spend £90m on expansion with £110m being invested in maintenance and conversions. Fowle said the company will spend about £50m purchasing single sites, small groups of pubs and new build sites in retail parks and town centres.He added: “We’re keeping our options open although we feel no pressure to do larger transactions.”Clapham House and Carluccio’s have recently received bids. In Carluccio’s case the offer came form the Middle East. 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 ScottsdaleMoneyPailWork from Home | Search AdWork From Home for a USA company Might Be More Fun Than You ThinkWork from Home | Search AdGadgetheoryAirport Security Couldn’t Believe These Jaw-Dropping MomentsGadgetheoryBig Data Courses | Search AdBig Data Online Courses Might Be Cheaper Than You ThinkBig Data Courses | Search AdGardensTricks.comThis House Looks Small But Look Inside!GardensTricks.comLovesobserverThis Is Monica Lewinsky’s Bank Balance NowLovesobservercenter_img whatsapp whatsapp Show Comments ▼ M&B profit fed by food sales last_img read more


first_imgWednesday 6 October 2010 7:40 pm KCS-content 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 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.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times “Things have not been coming together as expected,” he said. “It throws into question its longer-term growth potential. I’m guessing the downgrade to consensus will be somewhere in the neighbourhood of six per cent in terms of earnings, and that will extrapolate into 2011 in a higher percentage downgrade.”Goldman Sachs removed the company from its “conviction buy” list, but retained its “buy” rating, saying it believed the stock would be in the “penalty box” in the short to medium term.“Apart from M&A support and prospects of an accretive acquisition, we believe predictability of growth has become more uncertain in the short term,” Goldman said. More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼ whatsapp software firm Autonomy said it would cut its full-year revenue guidance by about three per cent after weaker-than-expected demand, sending its stock sharply lower.Shares in the group, whose meaning-based search software is used by multinationals and governments, plunged as much as 21 per cent to an eight-month low of 1,464p, the largest FTSE 100 faller, after a trading update yesterday. The stock closed at 1,551p, a fall of 16 per cent.Autonomy said it expected full-year revenue growth of about 17 per cent and said its third quarter would meet but not beat its own expectations. Analysts had pencilled in full-year growth of about 21 per cent, according to a Thomson Reuters poll.Chief executive Mike Lynch blamed customer volatility due to the current macroeconomic situation for a cut in the company’s revenue forecast of three per cent.Analyst Bob Liao at Canaccord Genuity, who rates the firm a “hold”, said Autonomy was expected to rebound after one-off events clouded the second quarter, when the group’s margin slipped. whatsapp Autonomy shares rocked by cut in profits forecast Sharelast_img read more


first_img KCS-content Show Comments ▼ More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapp Government launches junior ISA for children Share THE government yesterday said it would introduce a new tax free savings account for children, to replace the child trust fund it scrapped when it came into office. Funds in the so-called “Junior ISA” will be deposited by parents, but the account will be owned by the child and will be locked until they reach adulthood. The accounts are expected to be available from autumn 2011. Investments can be made in both cash and stocks and all returns will be tax free, but annual contributions will be capped. The government has not yet decided the annual contribution cap, although Treasury sources indicated it would likely be the same as that for an adult individual savings account (ISA).In 2011-12, adult investors will be able to put £10,680 in an ISA, after the limit rose by £480 in line with inflation. Unlike the child trust fund, which will be scrapped in January 2011, the government will not make any contributions to the account. Mark Hoban, financial secretary to the Treasury, said: “The introduction of this new account means that we can still offer people a clear way of saving for their children, while saving the half a billion pounds a year that we currently spend on Child Trust Funds.” center_img Tuesday 26 October 2010 8:32 pm 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 Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan 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 Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp Tags: NULLlast_img read more


first_img CORPORATE TAX REFORMS Show Comments ▼ whatsapp Q.HOW LONG BEFORE ANY CONCRETE PROPOSALS?A.The consultation is likely to last for around six months. The Treasury then intends to bring forward permanent reforms to the CFC?regime in 2012. In the meantime the Treasury is proposing to put forward interim measures regarding the CFC regime in a Finance Bill next year. Q.WHAT IS BEING PROPOSED BY THE GOVERNMENT?A.The discussion paper puts forward proposals for foreign branch opt-in exemptions which it says will simplify the current tax regime. Currently UK companies are subject to corporation tax on the profits of their foreign branches, with credit given for foreign tax paid on the same profits, in order to relieve double taxation. Under the new proposals The Treasury proposes to exempt foreign branch profits in a similar way to the way in which foreign branch dividends were exempted in 2009. However the ABI has already raised concerns the transitional proposals – they will only be effective for one year – will be too complicated and drive more businesses overseas. Q. WILL THE UK REMAIN A SAFE PLACE FOR CORPORATE ASSETS?A.It would appear the answer is yes. Despite the move to a more territorial tax regime, the proposals do not apply to everything. So, tax deductions for debt taken out in the UK and invested offshore, in a foreign branch, will not be reformed. Currently, a company can claim a tax deduction in the UK for the interest paid on debt but the UK receives no taxable return on that investment. 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 StrangersNoteableyHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald KCS-content center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking 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 Proof Share whatsapp Monday 29 November 2010 8:43 pm Tags: NULLlast_img read more


first_img whatsapp IF GOOGLE pays $6bn for Groupon, it will be a staggering achievement for the start-up’s founders. The firm, which was valued at $1.35bn in Spring of this year, is expected to pull in revenues of $500m this year: that means Google’s offer is worth a staggering twelve times sales. But normal rules don’t apply in the world of fast-growing start-ups; with $500m of sales in its second full-year, Groupon is expanding at a scorching rate. Even the titans of the web industry, like eBay and Google, didn’t have such impressive revenues in such a short space of time. Nor were any of them in the black, as Groupon is. The real question is whether Google can make the acquisition work. YouTube, bought by the web giant for $1.65bn in November 2006, still hasn’t turned a profit. In fact, outside of search, Google has struggled to make money. Its laudable projects in mapping, books and voice recognition might have pleased consumers and geeks alike – but they barely make a dime. Tuesday 30 November 2010 8:18 pm Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.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.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com whatsapp Tags: NULL KCS-content Show Comments ▼ Google last_img read more


first_img Share KCS-content Sunday 5 December 2010 11:49 pm whatsapp Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Show Comments ▼ THE Eurozone’s second biggest economy could be next on the hit list for bond markets, according to London Stock Exchange chief executive Xavier Rolet. “It won’t be long before bond investors turn to France after they have finished with Portugal and Spain,” he said over the weekend. “The country’s deficit is much, much higher than anyone realises. No one, not even France, can hide any more.”Rolet’s comments were supported by bond investors, who said that markets could lose confidence in the euro entirely if it becomes clear that France cannot abide by Eurozone fiscal rules.Matrix Group’s Bill Blain said: “To get into the euro, France put all its borrowing state agencies off-balance sheet. When the crisis reopens, it’s certainly possible that it will become a focus.”The warning comes as the IMF puts pressure on the Eurozone to increase the size of its €440bn bailout facility. A report by Dominique Strauss-Kahn, head of the IMF, says that there is a “strong case for increasing the resources available for this safety net”.However, any increase is likely to face strong opposition from Germany, where taxpayers are already incensed at paying for the Greek and Irish bailouts. The Irish parliament will vote tomorrow on the emergency budget that it must pass in order to qualify for the emergency funding. center_img 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 Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald France is next in euro crisis whatsapp Tags: NULLlast_img read more


first_img Tags: NULL MYSTERY OVER £140M FLAT IN ONE HYDE PARK Share There was at least one hot topic of conversation at yesterday lunch-time’s launch of One Hyde Park, the world’s most expensive apartments, and that was the identity of the buyers of the three Penthouse flats, the most expensive of which sold for £140m.Around 350 guests, including Simon Cowell, Arcadia boss Philip Green and Formula One supremo Bernie Ecclestone, were invited to the launch party at the Knightsbridge development, where they were shown a selection of the 86 units in the complex.The prices, averaging about £6,000 a square foot, are the highest ever paid for residential space, according to property experts. The development, which is the Candy brothers’ most ambitious project yet, is a joint venture between their Guernsey-based vehicle, CPC Group, and Waterknights, a company owned by the Qatari Prime Minister, Sheikh Hamad bin Jassim bin Jabr Al Thani.Some say that the backers of the project liked the investment so much that they’ve put some of their money into the pot though this seems to be wide of the mark, at least as far as the top £140m penthouse is concerned. “The buyer of that is definitely not anybody associated with the project,” says David Forbes at Savills, one of the agents on the project. “There’s been a lot of speculation but we’re not allowed to comment on any of the sales,” he added.The Candys’ own spokesman said the buyer of the most expensive penthouse came through an enquiry from the official web-site. There’s no confirmation of who he or she is and nor does the purchase appear yet on the Land Registry.A CAUTIONARY TALESean Dilley (pictured top right), the blind parliamentary lobby hack whose guide-dog Chip became a staple of rolling election coverage, found himself in a sticky situation earlier this week. He was engaged in a conversation about disgraced Labour MP Eric Illsley, who recently pleaded guilty to three charges of false accounting over his expense claims. Under archaic parliamentary law an MP cannot resign unless they are appointed to a “royal office of profit” – a decorative title held until another MP resigns. “I cannot believe that Eric Illsley, a convicted thief, is to be given a royal office of profit,” said Dilley. “And not only a royal office of profit, but the bailiff of the chiltern hundreds! He’d nick everything!” Of course, standing right behind Dilley was none other that Illsley himself, who sheepishly made himself scarce.BAGEL MANIAAnyone travelling through St Pancras this afternoon will be greeted by defeated US Presidential candidate Robert Burck performing country and western songs wearing only a pair of Y-fronts. The “Naked Cowboy”, a New York street entertainer, will be performing an “official bagel jingle” – Ode to the Bagel – to promote a new range at the New York Bakery. Look out!ACKERMANN PAYS OUTJosef Ackermann was in London yesterday to celebrate Deutsche Bank’s victory as the Bank of the Year at IFR’s 16th awards dinner at the Grosvenor House hotel.Ackermann’s bank also won the now customary auction to head up the interactive tombstone with a £500,000 donation to Save the Children. The auction, compered by DJ Johnnie Vaughan and Melanie Sykes, raised a total of £1.4m. Bank of America Merrill Lynch chipped in with £125,000. Show Comments ▼ whatsapp 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 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 Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Wednesday 19 January 2011 8:21 pm KCS-content last_img read more


first_img Show Comments ▼ European buyouts up 169pc KCS-content Wednesday 26 January 2011 9:02 pm Tags: NULL THE VALUE of private equity backed buyouts in Europe rocketed 169 per cent to €63.1bn (£54.3bn) last year.The number of deals last year also saw a 43 per cent increase on the previous year to 367 deals, according to research commissioned by private equity house Candover.Overall, European private equity increased by a whopping 143 per cent on 2009 to 1,029 deals worth €71.5bn.The purchase of a 42.5 per cent stake in global chemical distribution company Univar by private equity group Clayton Dubilier & Rice for over €3bn was among several big deals last year that helped boost the figure.However, the report by research provider unquote.com found that the value and number of private equity deals slipped across Europe during the final three months of last year, hit by macroeconomic concerns.Private equity managers usually look to tie up deals before the end of the year, normally giving the final quarter a boost.However, the report said caution had come to “reign supreme again” fuelled by fears over the Eurozone crisis and government austerity packages. Yet the UK still managed to maintain its position as the most active private equity market in Europe in volume terms, with 23 deals completed during the last three months of last year. The Benelux region was the largest with transactions amounting to €5.2bn.Managing partner of Candover John Arney said: “As we move into 2011 we are likely to see an element of caution prevail until the economic situation becomes clearer. At that time, all the signs indicate that recovery in the European private equity sector will continue to accelerate.” center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.commoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmGameday NewsNFL Hall Of Famers Who Probably Don’t Deserve To Be In CantonGameday NewsMovie JewelExperts Draining Niagara Falls Never Expected This Dark DiscoveryMovie Jewelthedelite.comNetflix Cancellations And Renewals: 2021 Updatethedelite.com whatsapp Share More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comlast_img read more