BEST OF THE BROKERS

first_imgThursday 12 August 2010 7:34 pm INTERSERVEUBS downgrades Interserve to “sell” from “neutral” with an 180p price target warning it faces “serious headwinds” going forward. Expects significant revenue drop in UK construction of 32 per cent from peak to trough resulting in an 85 per cent fall in divisional profit. Believes support services margin pressure will also persist.INGDeutsche Bank reiterates its “buy” rating on ING saying its second quarter results indicate it is back on track towards normality. Says its ability to generate “substantial” amounts of capital organically is “abundantly clear”, yet says the shares’ valuation does not reflect this noting it currently trades at 0.7 times net asset value.PREMIER FOODSRBS reiterates its “Buy” rating on Premier Foods saying its current valuation of four times price to earnings ratio for 2010 is unjustified. Notes its first half results beat market expectations yet the shares have failed to react accordingly. Believes that the shares could double in value between the next 12 to 18 months. 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 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot KCS-content whatsapp whatsapp Show Comments ▼ BEST OF THE BROKERS Tags: NULLlast_img read more


Eurozone lending up in August

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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Tags: NULL whatsapp Eurozone lending up in August Show Comments ▼ KCS-content center_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com LENDING in the Eurozone increased in August by the fastest rate in more than a year, the European Central Bank (ECB) said yesterday.Loans to the private sector were 1.2 per cent higher in August than a year earlier, the fifth monthly rise in a row and the fastest growth since June last year, the ECB said. Meanwhile, loans to companies also rose in August but remained negative over the year down 1.1 per cent. The ECB stressed loans to companies typically lag the economic cycle but added it was keen to see a sustained resumption in lending to firms, especially after banks had benefitted from two years of cheap and generous liquidity supply.Loans to households rose at an annual rate of 2.9 per cent in August up from 2.7 per cent the previous month, with loans for house purchase up 3.5 per cent over the year.Overall, money supply growth also jumped, although it remained short of the level the ECB sees as a warning of inflation.M3 money supply, the amount of cash readily available to spend, which is a leading indicator of inflation, jumped 1.1 per cent in August compared with a year earlier and against expectations of a 0.3 per cent rise. It was also the strongest growth in a year. At 0.5 per cent, the three-month moving average of M3 growth remains well below the ECB’s reference rate of 4.5 per cent, above which the bank would see a danger to medium-term price stability. Societe Generale economist James Nixon warned: “If this kind of growth is sustained month after month, then maybe in six months time the ECB will start thinking about raising interest rates, but it is still early days.” Monday 27 September 2010 8:28 pm whatsapplast_img read more


Rolls-Royce gets new chief

first_img Rolls-Royce gets new chief KCS-content whatsapp whatsapp BRITISH engine maker, Rolls-Royce has confirmed that the Royal Ahold boss is to become new chief executive as Sir John Rose prepares to retire. John Rishton, who is currently chief executive at the Dutch supermarket group, will take up the post next March when Rose stands down. Rose will leave Rolls-Royce after 26 years, of which he served 14 years as the group’s chief executive.Rishton, who spent four years as chief financial officer at British Airways (BA), will be faced with the tough challenge of driving Rolls-Royce forward amid expected cuts to the defence budget and ongoing problems with its engines.“John [Rishton] has a proven track record as a chief executive of a global company and has a background in aerospace and manufacturing,” said chairman Simon Robertson.Rishton already holds a spot as a non-executive director on Rolls-Royce’s board and is chair of the group’s audit committee. He joined Ahold in 2006 from BA as executive vice-president and was later promoted into the chief executive position.Rishton is to be replaced by Ahold’s chief operating officer, Dick Boer who will take over the chief executive role once Rishton leaves next year. Meanwhile, Ian Strachan will takeover Rishton’s job as audit chair on an interim basis until Rolls-Royce finds a replacement. JOHN RISHTONCHIEF EXECUTIVE, ROLLS-ROYCEDESPITE a five-year posting in the Dutch supermarket industry, John Rishton is no stranger to the auto and aviation sectors having spent the majority of his career at both Ford Europe and British Airways (BA).The newly appointed Rolls-Royce chief executive began his career at Ford in 1979 and held a number of senior positions during his 15-year tenure at the carmaker.Rishton joined BA in 1994 and moving up the ranks, eventually took over the role of chief financial officer. He retained that post for four years until his late 2005 departure for Amsterdam based, Royal Ahold. Rishton officially joined Ahold on 1 January 2006 as the group’s executive vice-president and chief financial officer but was promoted a year later to president and chief executive.That same year Rishton also took up a non-executive director role on Rolls-Royce’s board. In April Rishton was appointed to a second term at the top of Ahold, but tendered his resignation yesterday to return back to his transport roots. Show Comments ▼ 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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Thursday 30 September 2010 10:44 pm Tags: NULLlast_img read more


Juror dismissed in Terra Firma battle

first_img Juror dismissed in Terra Firma battle More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com KCS-content Show Comments ▼ Tags: NULL Tuesday 2 November 2010 10:03 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 TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.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.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMartha Stewart CBDShop Martha Stewart’s CBD Products NowMartha Stewart CBD A JUROR in the civil fraud legal battle between Citigroup and private equity group Terra Firma was dismissed yesterday after the bank complained about her involvement in an anti-capitalist film.Citibank cited Donna Gianell’s name in credits for filmmaker Michael Moore’s “Capitalism: A Love Story”. Trial lawyer Ted Wells displayed on a screen in a Manhattan federal court the “special thanks” the juror received for her contribution. Terra Firma sued the bank, which was bailed out with taxpayer money in the financial crisis, accusing it of fraud in the May 2007 bidding process for music company EMI. The private equity firm bought EMI for £4bn. Citigroup provided £2.6bn in loans for the acquisition. Share whatsapp whatsapplast_img read more


Supermarket chains halt Xmas orders in Scotland after weather takes its toll

first_img SUPERMARKETS and online shops – including Tesco, Sainsbury’s and Asda – have halted orders or suspended deliveries, after last week’s heavy snow weather brought the transport network to a standstill.Many are struggling to cope with a backlog of deliveries after strong downfalls. Couriers including Parcel Force and Home Delivery Network have also been affected, as well as Boots and M&S. Christmas is the busiest time of the year for online shopping, with an estimated £6.4bn spent over the festive period. Retailers are relying on a sales pick-up after a tough year.The Tesco Direct website has stopped taking orders from customers in Scotland, saying it could not guarantee Christmas deliveries, while Sainsbury’s suspended deliveries for Scotland. Tesco said its priority was to deliver goods which had already been ordered. Grocery deliveries are not affected. Sainsbury’s has suspended deliveries Asda Direct not delivering large items and has stopped orders for in-store collection before ChristmasParcel Force has suspended deliveries, Boots has suspended next-day deliveries, Asda Direct warned it was unable to deliver large items, such as furniture, before Christmas, and said it had stopped taking orders for in-store collection in the run up to 25 December. 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 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.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 FarmZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Supermarket chains halt Xmas orders in Scotland after weather takes its toll KCS-content center_img whatsapp Share whatsapp Tags: NULL Monday 13 December 2010 8:10 pmlast_img read more


Coalition swings the axe

first_img More From Our Partners Astounding 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.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Coalition swings the axe whatsapp THE coalition started to embark on the biggest spending cuts in a generation yesterday, as a line of government ministers detailed where the axe will fall. Local councils will see the amount of cash they get from central government slashed by 17 per cent, or around £6.5bn, next year.Communities secretary Eric Pickles said that no council would suffer a reduction in its total spending power of more than 8.9 per cent, once council tax receipts and NHS funding for social care is taken into account. The average reduction will be 4.4 per cent. Meanwhile, Pickles unveiled his localism bill, which gives councils more control over local planning decisions. It also paves the way for communities to take over libraries and other services that are threatened with closure. Local authorities have a statutory duty to protect some services, such as child protection and support for the disabled, meaning more widely-used services like libraries and swimming pools will bear the brunt of cuts. Meanwhile, policing minister Nick Herbert said police forces in England and Wales would face cuts in central funding of four per cent next year, and five per cent in the year after.Herbert acknowledged that the savings would be “challenging”, but said front-line services could be shielded by efficiencies and back-office savings. Meanwhile, the Department for Education admitted that schools in England and Wales would not see their budgets rise in real terms over the next four years, due to rising prices. A Department for Education spokesman said: “Spending totals were based on its best forecast of inflation at the time, produced by independent Office for Budget Responsibility.“We always knew these were forecasts of inflation and subject to change – undoubtedly these will change again.“We have not cut the schools budget totals – cash limits remain as announced in the Spending Review.” whatsapp Tags: NULLcenter_img Show Comments ▼ Share Monday 13 December 2010 8:59 pm 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 TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemlast_img read more


UK subsidised by City: report

first_img Tags: NULL KCS-content whatsapp Monday 24 January 2011 9:05 pm LONDON contributes far more to the Exchequer than it receives in public spending, a report will say today.The capital is estimated to have made a £1.4bn net contribution to the public purse in 2009-10, according to new research published by the City of London Corporation.The report said no other region makes a net positive contribution – the UK in the aggregate has a huge budget deficit as a result. And 21 per cent of all the UK’s economic growth is driven by business activity in the city, researchers at Oxford Economics found.London’s contribution is forecast to rise substantially by 2015-16 with the financial and business services sector a core driver of growth.“This report demonstrates London’s ongoing importance for wealth generation at a time when the government is attempting to reduce the overall UK budget deficit and promote growth across the economy,” said Stuart Fraser of the City of London Corporation.“However, concerns over higher taxation, increased regulation, infrastructure issues and immigration need to be addressed if we are to sustain London’s pre-eminence in global financial and business services,” he added. UK subsidised by City: report center_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity 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 FarmLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads whatsapp 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Sharelast_img read more


PRICE OF LOVE RUNS HIGH FOR ST VALENTINE

first_img PRICE OF LOVE RUNS HIGH FOR ST VALENTINE WITH heart-strewn cards and lavish bouquets lining the shelves of the City’s shops, it seems even the most business-focused of postcodes can’t escape the romantic distractions of St Valentine’s Day. So it’s lucky that bonus season is in full flow, as the VAT hike and inflation combine to push the expected Valentine spend up from £550 to £595 this year. But it appears that rising prices can’t dissuade romantic Brits from splashing out, with long-haul destinations New York and Las Vegas reappearing on the top five Valentine’s 2011 destinations, according to travel website Expedia. For those more focused on purse string than heart strings though, the ever-prudent Institute of Chartered Accountants of England and Wales, which has been busy adding up the cost or the romantic day, has a few suggestions for how to cut the cost of romance. Unfortunately The Capitalist can’t imagine many bankers’ wives will be overly impressed with a frozen ready meal and second-hand jewellery – both of which are included in a list of VAT-free tips from the industry body.OWN GOALA record afternoon of scoring in the English premier league usually comes with few repercussions beyond some particularly painful heads come Sunday morning. But for Sporting Index this Saturday’s tally of 41 goals in eight games meant a rather higher price as it notched up a £500m payout. The problem wasn’t so much the volume of goals but the early scoring by top teams – both Arsenal and Manchester City had goal-heavy first halves that left Sporting Index turning out its pockets after 45 minutes. “We knew the writing was on the wall at half-time,” said a spokesman for the firm. If only Arsene Wenger had such foresight…LIFE BEGINS AT 50There were doubtless a few tired souls in the City yesterday in the aftermath of the 50th birthday celebrations of Bob Wigley (right), the former Merrill Lynch banker who chairs Yell, among other posts.Wigley took over the luxury Limewood Hotel in Hampshire, owned by Ineos owner Jim Ratcliffe (a client of his from his Merrill days), and entertained guests including Lastminute.com founder Brent Hoberman, “dragon” Peter Jones and Greg Barker, the minister from the Department of Energy and Climate Change. The Capitalist is reliably informed that all ages were catered for at the weekend-long festivities, with singer James Morrison of ‘You Give Me Something’ fame (pictured above) performing on Saturday night, and the English Chamber Orchestra providing musical accompaniment. The orchestra even played a Wigley-composed tune, which The Capitalist can’t help hoping might pop up on iTunes.A SHOT AT ROMANCEFor singles in the City, how better to spend the money you’ve saved on chocolates and flowers over the year than by investing it in the search for everlasting love? On Saturday, lonely hearts can enjoy an open bar and a chance of romance at London’s first pre-matched singles ball at the Hurlingham Club in Fulham. To avoid the usual awkward moments, organisers Antipodate are putting attendees in touch with a compatible ‘date’ before the evening. At least that way potential Casanovas are saved the trouble of coming up with that perfect chat-up line. whatsapp Show Comments ▼ Monday 7 February 2011 8:59 pm Sharecenter_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.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.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com KCS-content whatsapp 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 PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULLlast_img read more


Sir John Bond to chair Xstrata as miner cuts some ties to Glencore

first_img Sir John Bond to chair Xstrata as miner cuts some ties to Glencore Share KCS-content SIR John Bond, one-time chairman of HSBC and outgoing chairman of Vodafone, hopes to extend his stay in the FTSE 100 after agreeing to chair mining group Xstrata. Sir John will join Xstrata’s board as a consultant with immediate effect, ahead of his departure from Vodafone in July.Sir John will eventually replace Willy Strothotte, the Glencore chairman who retires from the Xstrata chair at its AGM on 4 May. The move is something of a surprise for many Xstrata investors, who had assumed that Strothotte would stay on until Glencore, which owns 34 per cent of Xstrata, officially launches its much talked about IPO.But Bond has plenty of ties to China, one of Xstrata’s fastest-growing customers, thanks to some 40 years at HSBC and involvement with the China Development Forum and the Tsinghua School of Economics and Management. He began his career in a Hong Kong branch of HSBC at 21, becoming chief executive in 1993 and chairman in 1998. Some expect Sir John’s tenure at Xstrata to be short. Whether or not Glencore decides to IPO (the firm has never publicly confirmed that a float is imminent), its next move could be a merger with Xstrata to help strengthen its exposure to commodity exploration. There has been speculation that a combined group would ultimately be chaired by Xstrata chief executive Mick Davis, leaving Strothotte outside the top flight and giving Sir John, aged 70, another chance to retire from the boardroom. 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The 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 WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Monday 7 March 2011 8:34 pm Show Comments ▼ whatsapp whatsapp Tags: NULLlast_img read more


Portugal PM forced to quit

first_img Share KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap PORTUGUESE Prime Minister Jose Socrates resigned yesterday after his latest austerity budget was thrown out by parliament.The defeat leaves Portugal teetering on the bring of an EU?bailout, without a government and without a credible plan to address its debt problems. Socrates had threatened to resign if the cuts – the fourth package of reforms designed to help the country avoid a rescue – were rejected. But all five opposition parties voted against the measures and the primary opposition Social Democrat party called for an election. “This political crisis has very grave consequences for the confidence Portugal needs from institutions and the financial markets,” Socrates said.He presented his resignation two hours after the vote to President Anibal Cavaco da Silva, who said he would meet all political parties on Friday but the government would continue to hold authority until then.Socrates said he would remain in power in a caretaker capacity but the country faces weeks of political uncertainty until an election can be held in two months’ time.The yield on Portuguese government bonds shot to euro lifetime highs of 8.18 per cent preceeding the vote, a level the market views as unsustainable and that makes a bailout almost inevitable.The collapse of the government leaves Portugal without permanent leadership for a crucial two-day summit starting today in Brussels, where the EU?will hammer out a solution to the bloc’s debt problems. whatsapp Show Comments ▼ Wednesday 23 March 2011 10:04 pm whatsapp Portugal PM forced to quit Tags: NULLlast_img read more