There is no need to tap shareholders

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first_img Tags: NULL KCS-content Show Comments ▼ IN the battle to become banker to the emerging markets, HSBC has won an important victory over Standard Chartered, its closest strategic rival. Having entered exclusive talks to buy Old Mutual out of Nedbank, HSBC looks set to take control of the South African bank. The logic of such a deal is not in doubt: Africa is an important piece in the emerging markets jigsaw puzzle, thanks to strong growth potential and significant trade flows with Asia. As the continent’s most developed economy, South Africa allows HSBC – which has virtually no African presence – to begin its explorations in relative safety. HSBC is notoriously circumspect when it comes to hoarding excess capital, and rightly so in today’s regulatory climate. But investors will want it to complete this deal without any unnecessary dilution. Assuming it pays a 30 per cent premium on Nedbank’s pre-bid price, it will get a 70 per cent stake for around $8.4bn, against internal capital generation in 2010 of around $14.9bn. That means the deal will hit tier 1 equity by around 80 basis points, leaving HSBC with a more-than-comfortable ratio of 9.7 per cent. With that in mind, management should be able to bring in the goods without tapping shareholders. There is no need to tap shareholders Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.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 PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndocenter_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily 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 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 Share whatsapp Monday 23 August 2010 8:28 pmlast_img read more

Grainger is upbeat on residential

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first_img Share whatsapp whatsapp The largest quoted housing landlord, Grainger, said yesterday it expects the valuation of its cornerstone residential property portfolio to outperform the market when it issues its full-year results in late November. Chief executive Andrew Cunningham said the 13,000-property portfolio, about half of which is in London and the south east of England, would benefit from the strength of those markets. “I would say in terms of valuation it will outperform,” he said, referring to the recent annual valuation of Grainger’s portfolio for its full-year results.“You can’t be blind to the fact that broadly prices in London and the south east have remained pretty strong,” he said. Grainger’s UK residential properties were worth £1.6bn on 31 March, he said.In September, data from Hometrack showed house prices rose at their slowest annual rate in seven months in September, with prices falling monthly in all regions. The data showed house prices were up one per cent year-on-year.Cunningham also said the margin at which Grainger sells its residential properties would be up on last year, but declined to give a specific figure ahead of its full-year results.Grainger achieved a margin of 37.6 per cent on property sales in its 2009 full-year, down from 45.9 per cent in 2008. 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 KCS-content center_img Tags: NULL Tuesday 5 October 2010 7:42 pm Show Comments ▼ 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 Grainger is upbeat on residential last_img read more

A three-way split sharpens MPC tensions

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first_img Share whatsapp Tags: NULL Wednesday 20 October 2010 8:58 pm A RARE three-way split has emerged among the members of the Bank of England’s Monetary Policy Committee (MPC), which earlier this month voted to hold rates at 0.5 per cent and asset purchases at £200bn. Andrew Sentance stuck to his hawkish call of a rise in rates of 0.25 per cent while dove Adam Posen voted for a £50bn extension of quantitative easing, as expected. The remaining seven members voted to maintain the status quo, but admitted the near-term risks to inflation were higher than previously expected. Some of those voting to keep policy on hold felt that there was a growing chance of more stimulus being needed, but that “the evidence was not sufficiently compelling to imply that such a course of action was necessary at present”.Sentance reiterated his arguments that it was appropriate to withdraw some of the exceptional monetary stimulus given the strong momentum of growth in the first half of the year and that the MPC risked losing its inflation-fighting credibility. In contrast, Posen believes the spare capacity in the economy is sufficiently large that monetary policy could be used to stimulate growth without an undesirable increase in underlying inflationary pressures.City economists were unsurprised by the three-way split – the sixth since the MPC gained independence in 1997 – and many suggested that the minutes pointed to more QE, perhaps as early as next month, if the Bank feels looser monetary policy will offset tighter fiscal policy.“It could happen as early as the November MPC meeting if the third-quarter GDP data show only weak growth and other data and survey evidence point to a poor start to the fourth quarter,” said Howard Archer at IHS Global Insight, but added that he suspected most MPC members would prefer to hold fire for now. KCS-content center_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 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.com A three-way split sharpens MPC tensions More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼last_img read more

Flybe gears up for a stock market debut

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first_img BUDGET airline Flybe is close to announcing an initial public offering (IPO) on the London stock market, sources familiar with the matter confirmed yesterday. Europe’s largest domestic airline by passenger numbers has hired Investec and Merrill Lynch to advise on the float, which could value the company at £200m according to a Sunday newspaper. Flybe has toyed with the idea of a public offering for several years, but is understood to have firmed up its plans following strong results in September, when the company announced pre-tax profit of £6.8m for the year even after losing £21m in sales due to the volcanic ash cloud. Chief executive Jim French said at the time that Flybe was eyeing acquisitions in Europe, and the firm is reportedly looking to use the proceeds from a float to buy two rivals. Flybe is 69 per cent owned by late founder Jack Walker’s family trust, through the Jersey-based Rosedale Aviation Holdings, which will reportedly keep its stake following a float. Employees own 16 per cent of Flybe shares, while British Airways own 15 per cent through Flybe’s purchase of budget carrier BA Connect in 2006. The airline operates 203 routes in 13 countries, carrying 7.2m passengers in the last year alone.It signed deals this year with Finnair, Air France and Embraer to share or take over services, as part of its expansion plans.A spokesperson for Flybe said yesterday the company would not comment on speculation. Investec declined to comment, while Merrill Lynch could not be reached. Show Comments ▼ KCS-content Tags: NULL whatsapp whatsapp Flybe gears up for a stock market debut center_img Sunday 14 November 2010 10:48 pm Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Lifelast_img read more

Irish Life relaxed over capital levels if mortgage market falls

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first_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼ 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 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.com Irish Life relaxed over capital levels if mortgage market falls Sharecenter_img Wednesday 17 November 2010 8:40 pm whatsapp KCS-content IRISH LIFE & PERMANENT said yesterday it was confident Irish banks are adequately capitalised to deal with any downturn in the nation’s residential mortgage market.Investors are worried home loans could become a new black hole for Ireland’s banks, but Irish Life, whose permanent tsb banking unit is one of the biggest operators in the residential mortgage market, said it was comfortable with its capital position.“We are very confident that the regulatory stress tests for mortgages are sufficient to cover even the worst case scenario envisaged in Ireland,” chief executive Kevin Murphy said.Irish Life said mortgages over 90 days in arrears had risen by 11 per cent since July but early arrears cases had levelled off since May as unemployment levels stabilised. Tags: NULLlast_img read more

Cuts and taxes still a concern

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first_img whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Sunday 12 December 2010 10:48 pm Share THE fiscal austerity measures are a concern for most households, yet people are reluctant to actively respond to the tougher times, it was revealed yesterday.In a survey conducted for the Bank of England, the “vast majority” were concerned about higher taxes and government cuts. Just 10 per cent said they will be unaffected.Yet only 18 per cent say they will save more money, and only 14 per cent are working longer hours.Government sector workers were equally unlikely to respond, despite being vulnerable to the cutbacks. whatsappcenter_img Tags: NULL KCS-content Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableySerendipity 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 NowHealthyGem Cuts and taxes still a concern last_img read more

UK banking bailouts to break even

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first_imgTuesday 14 December 2010 9:42 pm 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content Show Comments ▼ whatsapp Sharecenter_img 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 ScottsdaleMoneyPailUndoNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropUndoJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalUndoBetterBe20 Stunning Female AthletesBetterBeUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishUndo Tags: NULL THE UK is likely to break even or make a profit on its bailout of the banking system, a report from the National Audit Office claimed today. The NAO said the country will probably suffer “no overall loss” from its £850bn injection into Britain’s struggling institutions, despite a lingering £512bn exposure to banks including Northern Rock, Lloyds and RBS. The figures are much more optimistic than the Treasury’s estimate in 2009 that taxpayers would be on the hook for between £20bn and £50bn. The government said in its latest budget that the bailout would cost £2bn.However, the report warns that the state’s 83 and 41 per cent stakes in RBS and Lloyds respectively stand to make a £12.5bn paper loss if the government were to sell its shares immediately. For every 10p increase in the share prices, taxpayers would secure an additional £9bn on RBS and £3bn on Lloyds. The sell-off is set to be six times larger than the largest European sale of already listed shares. “Banks have made real progress as the NAO update shows,” said the British Bankers’ Association. “[It] supports the view that, when the government chooses to sell its shareholding in three banks, the taxpayer will be in the black.”The report has found that the UK’s £5bn annual interest rate payments on loans used to rescue the banks are being more than covered by fees as the companies pay back the money. UK banking bailouts to break even whatsapplast_img read more

What the other papers say this morning

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first_img Show Comments ▼ What the other papers say this morning Tags: NULL Thursday 6 January 2011 9:11 pm whatsapp whatsapp Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com FINANCIAL TIMESGOLDMAN TEES UP SALE OF JAPAN GOLF COURSEGoldman Sachs is ending its long love affair with golf in Japan. The US investment bank is seeking buyers for its remaining stake in Accordia Golf, the country’s largest golf course operator. The proposed sale comes as Japan’s enthusiasm for golf is also cooling – the victim of economic woes, a shrinking population and the gradual relaxation of corporations’ grip over their employees’ leisure time.BLACKSTONE SET TO BUY OFFICE PARK FOR £480MBlackstone is in exclusive negotiations to buy one of Britain’s largest office parks for almost £500m ($773m) in its biggest UK real estate investment for more than 18 months. Chiswick Park, the 1.1m sq ft office campus in west London, has come under offer from the US private equity group for £480m following a competitive sales process before Christmas. The price includes the assumption of the debt that backs the property.OBAMA ASKS CONGRESS TO LIFT DEBT LIMITThe Obama administration has requested approval from Congress for an increase in the national debt limit of the US, setting up a showdown with newly empowered Republican lawmakers and warning of “catastrophic economic consequences for decades” if a deal is not reached. In a letter to congressional leaders from both parties, Tim Geithner, US Treasury secretary, urged them to move quickly to raise the debt ceiling from its current level of $14,290bn “well before the threat of default becomes imminent”. The Treasury estimates that the national debt will hit its upper limit between March 31 and May 16.THE TIMESASSET STRIP CLAIM OVER BUILDING SOCIETY DEALKent Reliance Building Society is in danger of having its assets stripped by an American buyout company, it was claimed yesterday. Michael Laws, a 30-year member of the society who is fighting an attempt by JC Flowers to take a stake, told a hearing at the Financial Services Authority that the two parties were “incompatible” bedfellows.BRUSSELS PLAN TO STREAMLINE EU TRADE IS UNWORKABLE, SAY CITY LAWYERSPlans to introduce a single European contract law to replace domestic regulations would be expensive and disruptive to businesses, lawyers have warned. The European Commission is considering introducing measures to improve cross-border trade between consumers and businesses.The Daily TelegraphGAZPROM “HELD BACK BY ITS CORRUPT NATURE”Russia’s state energy giant, Gazprom, is being held back from global expansion by its “inefficient, politically-driven and corrupt” nature, according to leaked US diplomatic messages. John Beyrle, the US ambassador to Moscow, gave his opinion of the gas monopoly in 2009, describing the company with international ambitions as confused.EBAY SALES ON MOBILE PHONES TRIPLE TO $2BNEBay’s global sales made on mobile devices have tripled to $2bn (£1.3bn), with the UK leading international markets. The online auction site said the popularity of its apps for gadgets such as the iPhone has demonstrated that consumers “increasingly want to be able to shop anytime, anyplace, anywhere”. The website’s apps were downloaded more than 30m times.THE WALL STREET JOURNALSARA LEE LIKELY TO SPLIT INTO TWO BUSINESSESSara Lee Corp. is moving ahead with plans to split up its meats and coffee businesses into two separate companies after it rejected Brazilian beef processor JBS SA’s takeover offer last month, people familiar with the matter said. JBS hasn’t ruled out its interest in buying the company, which has a market capitalisation of about $11bn.BORDERS IN TALKS WITH RESTRUCTURING ADVISERSAs Borders Group Inc. asks publishers for leniency on paying bills, the bookstore chain has been in discussions with restructuring advisers about ways to rework its debt-heavy balance sheet, said people familiar with the matter. Borders has been in talks with Wall Street firms that have worked on many high-profile bankruptcies, they said. KCS-content last_img read more

Caledon confirms share placing

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first_img Tags: NULL Share Thursday 13 January 2011 7:23 pm Show Comments ▼ whatsapp whatsappcenter_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal 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 AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Caledon confirms share placing Read This Next’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 WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Australia’s Caledon Resources confirmed it will propose a share placing, as the Queensland-focused coking coal producer scrambles to repay loans due by the end of February. The company said yesterday it had requested a trading halt on the Australian Stock Exchange, pending an announcement related to a proposed placement. There was market talk that Caledon was aiming to raise £48m, pitched at 90p a share, to repay £18m of loans due. last_img read more

Phone chip boost for Toshiba

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first_img KCS-content whatsapp Show Comments ▼ whatsapp Phone chip boost for Toshiba Tags: NULL Monday 31 January 2011 8:00 pmcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryDefinitionDesi 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 JAPAN’S Toshiba more than doubled its quarterly operating profit on booming sales of NAND flash memory chips and robust demand for LCD panels used in smartphones and tablets.But the sprawling conglomerate cut its full year sales forecast and left its operating profit outlook unchanged for the year to March, citing a strong yen and uncertain demand for some of its other products, which include everything from home appliances to nuclear power plants.For the three months to 31 December, Toshiba reported a 37.5bn (£286m) yen profit, compared with 14.5bn yen a year ago. In the quarter, electronic devices, including LCDs and flash memory, generated 17.2bn yen in operating income after a loss 6.6bn yen a year ago.Overall performance, however, was not as strong as analysts had expected with the profit coming in lower than the average forecast of 50.2bn yen.Toshiba’s full year profit on NAND chips is expected to be more than the company had foreseen at the start of the financial year, as profit margins improve after sagging in the third quarter, Fumio Muraoka, a senior executive at Toshiba said yesterday.But the overall outlook is less certain, the company said in a statement, with the market for system chips weak.Toshiba chief executive Norio Sasaki (pictured), who took the helm 18 months ago, has vowed to sharpen the focus of the company and has taken a hard line on costs, with rival Samsung firmly in his sights. Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more