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BAE eyes $2bn US assets sale

first_imgSunday 12 September 2010 10:48 pm Show Comments ▼ Tags: NULL KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof BAE SYSTEMS, Britain’s largest defence contractor, has put parts of its US commercial aerospace operation on the block in a move that could raise up to $2bn (£1.3bn).In a step to trim its none-core operations ahead of government defence spending cuts in London and Washington, BAE is understood to be soliciting bids for segments of its “platform solutions” subsidiary. One of the units up for sale makes aircraft engine controls and cockpit avionics, while the other manufactures hybrid engines for buses.Investment bankers from JPMorgan and Wells Fargo are said to be advising on the potential disposals. First-round bids are expected within the next four weeks. As well as private equity firms, rivals Moog, Honeywell and Hamilton Sundstrand are expected to show an interest.The news comes amid signs of dire times approaching for companies exposed to reductions western governments’ defence budgets.Last week, BAE chief executive Ian King said he had been asked by ministers to provide detailed financial costs on cancelling both of the planned Royal Navy aircraft carriers. King warned the defence select committee axing the £5bn programme would put Britain’s entire shipbuilding industry at risk. The company also said it would shed 1,000 jobs, mostly in its military air division.BAE declined to comment on any plans to divest assets in the US. center_img whatsapp BAE eyes $2bn US assets sale by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Share whatsapplast_img read more


September 4, 2021 0

Thorntons profit slumps with rising cocoa price taking its toll

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo KCS-content Share Tags: NULL whatsapp Wednesday 6 October 2010 7:54 pmcenter_img CHOCOLATE maker and seller Thorntons posted a 2.4 per cent fall in full-year profit as own store sales fell and said it expected market conditions to remain tough.The firm, which issued a profit warning in May, said yesterday it made a profit before tax of £6.1m in the year to 26 June. That compares with analysts’ consensus forecast of £6.5m.The group, which trades from around 600 stores, said overall revenue was flat at £214.6m.Thorntons said its key challenge continues to be the own stores channel, which saw a 3.6 per cent fall in sales. It also warned of the impact of spiralling cocoa prices causing possible price rises.“We have strengthened our senior retail management team and we believe that this, together with extensive product innovation and changes to the promotional and marketing programmes, should have a positive impact on trading in the lead up to Christmas,” it said in a statement.The firm said trading since the year-end had been in line with internal expectations. Thorntons, which cut net debt to £26m during the year, maintained its total dividend payout at 6.05p.The traditional chocolate maker was founded 99 years ago. 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 Thorntons profit slumps with rising cocoa price taking its toll whatsapp Show Comments ▼last_img read more


September 4, 2021 0

Calvert walks free after just seven months

first_img MALCOLM Calvert, the ex-Cazenove partner jailed earlier this year for insider dealing, has been released from jail after serving under a third of his 21-month sentence, City A.M. can reveal.His early release comes as a smack in the face for the Financial Services Authority, which has gone all out this year in its efforts to convince the City it is getting tough on financial crime.At the time of Calvert’s conviction in March, FSA enforcement director Margaret Cole said the sentence was proof the regulator would “take the strongest action” against anyone involved in insider dealing, describing it as “another milestone” in the FSA’s fight against market abuse.Sidney Myers, head of the financial services regulatory practice at Berwin Leighton Paisner, stressed that prison authorities, not the FSA, would have called the shots on Calvert’s early release. But he said: “Given the FSA’s desire to be seen to crack down on this type of financial crime, it will clearly be disappointed Calvert was not required to serve a longer sentence”.Calvert, 65, known as “Streaky”, will have to wear an electronic tagging device so that officials can monitor his movements.Sources close to the process said he was eligible for a shortened sentence because he was a low-risk “Category D” prisoner due to his age, the type of offence and an impeccable behaviour record while behind bars.It is unclear whether his lawyers will elect to proceed with an appeal against his sentence, which is still pending even after his release. whatsapp 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 whatsapp Thursday 7 October 2010 9:47 pmcenter_img Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Share Show Comments ▼ Calvert walks free after just seven months KCS-content last_img read more


September 4, 2021 0

RBC makes £963m offer for Bluebay

first_img BLUEBAY Asset Management has accepted a takeover offer from Royal Bank of Canada (RBC), it said yesterday, in a deal which values the fixed income investment firm at £963m ($1.5bn). Bluebay shareholders, if they agree to the deal, will receive 485p per share representing a premium of 29.1 per cent on the fund manager’s closing price of 375.70p on 15 October and a 57.7 per cent rise on the average closing price of Bluebay shares of 307.63p for the previous three months.Investors that register for Bluebay shares by 5 November will also receive the proposed dividend of 7.5p per share for the financial year ending 30 June 2010 meaning the total price per share would be 492.5p.Bluebay’s share price shot up nearly 30 per cent, or 111.6p per share, on the announcement to 487.30p per share.The fund manager’s directors, who collectively own 20.5 per cent of the company, have given RBC irrevocable undertakings to vote in favour of the deal. Assuming the other shareholders accept the offer at the company’s annual general meeting on 23 November, RBC should take ownership of the fund manager in early December. George Lewis, group head of RBC wealth management, said: “This acquisition will further RBC’s strategy to leverage our position as a top 10 global wealth manager, and continue to expand our asset management solutions for the benefit of our clients around the world. Bluebay is an ideal fit with RBC’s growing asset management business.”Separately, Bluebay reported pre-tax profit increased some 118 per cent to £50m on assets under management (AUM) which increased 41 per cent to $34.3bn for the year ending 30 June.It also reported a 17 per cent – or $5.7bn – increase in AUM to $40bn for the three-month period to the end of September.JEREMY SILLEMCO-FOUNDERSPENCER HOUSE PARTNERSSpencer House Partners (SHP) has acted as Bluebay’s financial adviser for over four years. During this time it advised Bluebay on strategic direction including the decision to list on the London stock exchange in 2006. It has also advised on talks with Royal Bank of Canada. SHP was established in 2006 by Lord Rothschild and Jeremy Sillem to provide banking services to companies in the financial services industry, with a particular focus on asset management businesses. The firm offers strategic advice and will often take equity stakes in companies. Prior to establishing SHP, Sillem was the chairman of Bear Stearns International from May 2000 until January 2004. Before joining Bear Stearns, he spent a 28-year career with investment bank Lazard. In 2007 SHP advised a consortium including Crestview Partners, RIT Capital Partners and interests of Lord Rothschild, on the acquisition of a 24.9 per cent interest in fund manager Martin Currie with Sillem appointed to the board as a non-executive director. A year earlier SHP acquired a minority stake in investment advisers Partners Capital. It still plays an active role assisting the management with the strategic development of the company. Sillem is a member of the advisory board of Partners Capital.BLUEBAY’S FOUNDERS SET FOR BUMPER PAYDAY FROM DEAL WITH ROYAL BANK OF CANADATHE founders of BlueBay Asset Management stand to make £81m each from their remaining 8.5 per cent stakes in the business if the sale of the fund manager goes through as expected.Chief executive Hugh Willis, and chief investment officer Mark Poole are already very wealthy men featuring in the Sunday Times Rich List regularly. Prior to founding Bluebay Willis, 51,spent eight years at JP Morgan, where he was co-head of its European credit arbitrage group. He also held senior positions within the global credit arbitrage group of Kleinwort Benson and the fixed income management groups of both Banca della Svizzera and Daiwa Securities Trust and Banking.Poole, 49, spent several years at Credit Suisse First Boston and JP Morgan. He also held senior positions within the global credit arbitrage group of Kleinwort Benson.Willis and Poole cut their stakes in Bluebay in February this year when they each raised £21m by selling 6.5m shares at 325p, although the firm said the proceeds of that sale have been ploughed back into the company through new fund launches.Today’s cash takeover bid at 485p a share, is at a 29 per cent premium on Friday’s closing price and a 49 per cent premium on the founders’ previous share placing in February. The two directors will be obliged to reinvest a quarter of the money they receive as part of the RBC deal – after tax – back into Bluebay’s funds. Following the deal, if either man leaves the company within three years, 40 per cent of the money they have invested under the agreement will be “subject to forfeiture”. Both men have also agreed to increase the proportion of their future pay that will be deferred in bonuses from 40 per cent to 60 per cent.Other investors likely to do well from the sale include Aegon Asset Management, which owns over 4 per cent of Bluebay and stands to make around £39m from the sale, and Ignis Investment Securities, which owns over 3 per cent and stands to make at least £29m. Willis and Poole founded the company in 2001 and floated it on the London stock exchange in 2006 with an initial valuation of £517m making their stakes then worth £30m each. Tags: NULL More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.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.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsapp RBC makes £963m offer for Bluebay Monday 18 October 2010 8:27 pmcenter_img Share KCS-content whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Show Comments ▼last_img read more


September 4, 2021 0

General Electric healthcare up

first_imgTuesday 9 November 2010 7:43 pm whatsapp KCS-content General Electric’s healthcare arm can grow operating profit at 10 per cent per year over the long term, its top executive said yesterday. The US conglomerate has also seen US demand for medical equipment and services pick up following the landmark US healthcare reform law. Show Comments ▼ whatsappcenter_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 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 FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.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 General Electric healthcare up Share More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.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.orgKansas coach fired for using N-word toward Black playerthegrio.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Tags: NULLlast_img read more


September 4, 2021 0

France’s Iliad hit as price competition gets tougher

first_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 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 FollowAlphaCuteBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter 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 Life FRENCH telecoms group Iliad, struggling to keep market share as larger rivals go on marketing offensives, yesterday reported a five per cent rise in third-quarter revenue as growth at its Free brand offset weakness in Alice.Iliad, which sells low-cost bundles of TV, internet and fixed-line telephony in France, said yesterday that third-quarter revenue rose to €511m (£432.4m).The company, which does not offer mobile phone services, has been struggling against larger rivals Bouygues Telecom France Telecom, and Vivendi unit SFR which have all started selling “quadruple-play” bundles with mobile, fixed-line, broadband and TV.Over the period, Iliad signed 36,000 new clients, a slowdown from 125,000 in the first half. Iliad said it had 4.53m broadband subscribers as of the end of September, with nearly 4m on Free. Its Alice broadband unit continued to struggle. Monday 15 November 2010 7:49 pm whatsapp Share Show Comments ▼center_img whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tags: NULL France’s Iliad hit as price competition gets tougher KCS-content last_img read more


September 4, 2021 0

Arcadia looks overseas to grow profit

first_img ARCADIA, the owner of retail chains including Topshop and BHS, is planning further international expansionafter posting a 6.4 per cent rise in pre-tax profit to £213.2m for the year to the end of August yesterday. Arcadia Group’s operating profits increased 10.4 per cent to £279.6m in the year, on sales up 40 per cent to £2.8bn.Total sales were £2.8bn with sales at UK stores open at least a year up 1.3 per cent, and up one per cent in the first 11 weeks of the new financial year. However, UK like-for-like sales growth at the group – which also includes Miss Selfridge, Burton, Dorothy Perkins, Wallis and Evans – has declined in recent weeks.Sir Philip Green said he was eyeing South Africa, Australia and Asia to expand his chains, which include Top Shop and BHS. Arcadia already has 2,542 owned and 579 franchised outlets in 37 countries. The group has just agreed to open five stores in Brazil, and is in discussions to set up in South Africa and Australia. Green said: “We also have get to go to Asia. We’ve got to sit down and draw up a business plan. I remain cautious about the year ahead, with increases in VAT, rates, raw materials and some wage inflation. But I look to grow the business both at home and overseas.”The company said that Green will not receive a dividend. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULL Thursday 18 November 2010 7:45 pm Share whatsapp whatsapp Show Comments ▼ KCS-content Arcadia looks overseas to grow profit last_img read more


September 4, 2021 0

BEST OF THE BROKERS

first_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 PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity 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 DIXONSSeymour Pierce rates the retailer “buy” with a target price of 37p. The broker is looking for progress in the Nordic countries and the UK in the firm’s results on Thursday, with a first-half loss of £8m. It forecasts 37 per cent growth in 2011 pre-tax profit as the firm’s new strategy takes effect and new products boost sales.AUTONOMYDeutsche Bank rates the IT firm “hold” with a target price of £16. The broker believes the firm’s recent acquisitions can deliver incremental revenue, though it must invest in sales infrastructure to deliver real growth. Deutsche adds that it still has concerns about the maturity of the business model, given the large size of the company.PARAGON GROUPUBS rates the mortgage provider “buy” with an upgraded target price of 235p. The broker expects the firm to rapidly restart new lending thanks to improving demand and a new £200m warehouse facility. UBS has raised its pre-tax profit estimate for 2010 by 14 per cent to £69.8m, and by three and nine per cent for 2011 and 2012. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share KCS-content Show Comments ▼center_img Monday 22 November 2010 7:15 pm BEST OF THE BROKERS whatsapp whatsapp Tags: NULLlast_img read more


September 4, 2021 0

The UK will pay for US net neutrality rules

first_img whatsapp Wednesday 22 December 2010 7:14 pm Share KCS-content The UK will pay for US net neutrality rules Show Comments ▼ 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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.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.comColin Kaepernick to publish book on abolishing the policethegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKansas coach fired for using N-word toward Black playerthegrio.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFort Bragg soldier accused of killing another servicewoman over exthegrio.com whatsapp THE US Federal Communications Commission (FCC) announced on Tuesday that it would enforce the controversial principle of net neutrality in the US. The issue of whether or not it has the legal mandate for this statement will no doubt bring on a multitude of lawsuits, as Republican federal communications commissioner Robert McDowell said over the weekend. But what, if anything, does this mean for the UK and the EU in general?Net neutrality is a confused term that means all internet traffic should be treated equally by internet service providers (ISP). That sounds like a good idea, but in practice ISPs use traffic management every day to ensure timely delivery of email to one customer and video streaming to another. Without traffic management, the internet as we know it today would suffer from greater congestion and issues with content delivery. Net neutrality attempts to regulate the internet, but by imposing limits on the way ISPs do business it risks making it harder to use.Both the EU and UK support a light touch approach to internet regulation. They believe transparency in both business offerings and practices will leave room for innovation and investment in next generation internet technology. That stance isn’t expected to change immediately, but the FCC’s announcement will inevitably influence decisions and discussions as the 2009 Telecom Directive is implemented next year for all EU member states.Meanwhile, US ISPs changing how they do business will impact the UK in a variety of ways. First, content creators like the BBC and ITV (which use many small production companies from London) won’t be able to strike deals with ISPs in the US because the FCC has banned ISPs from doing so to differentiate their content offerings. There is also now no guarantee that the BBC’s international iPlayer, due to launch next year, will not face programmes delivered with delays or severe buffering because all content will have to be treated the same.Major ISPs with an international presence in the UK and the EU will now have to invest in managing the FCC rules in the US. This will mean slower innovation, fewer jobs created and less investment in their international business, as ISPs review their internal processes and put more time and effort into achieving “neutrality”.Though this might sound grim, the good news is that the FCC hasn’t applied such strict measures to wireless broadband. So in the US we will see more investment in wireless broadband, the fruits of which will benefit their businesses in the UK and the EU as well.Dominique Lazanski is technology policy analyst for the Taxpayers’ Alliance Tags: NULLlast_img read more


September 4, 2021 0

High demand for first euro bailout bonds

first_img Share Show Comments ▼ Tags: NULL AN auction of the first region-wide Eurozone bonds was concluded within the hour yesterday, as the European Commission found itself inundated with demand for the five-year notes. It sold the targeted amount of €5bn (£4.3bn), with the proceeds going to prop up the European Financial Stabilisation Mechanism (ESFM), the bailout fund that is part-funding Ireland’s rescue to the tune of €22.5bn.The bonds were sold with a 2.5 per cent yield, compared to 1.8 per cent for equivalent German debt. Investors snapped up the new notes, which are perceived to be high-quality paper backed by Europe’s most stable economies but offered at a premium to reflect high yields in peripheral Eurozone nations such as Portugal and Greece. The plan to issue region-wide bonds was announced last year in an attempt to slow the heady rise of bond yields across countries after Ireland was forced to apply for a bailout in November.But the idea of introducing a more permanent region-wide eurobond, or “e-bond”, has proved controversial, with German chancellor Angela Merkel strongly opposing the idea. Analysts at BNP Paribas said: “We believe that an e-bond is the right thing to do if linked with fiscal harmonisation within the EU.” But they admitted that it “could be interpreted as a permanent subsidy for peripheral countries”. A series of region-wide Eurozone bond auctions is expected this year.FAST FACTS | E-BONDSEurope last year announced plans to issue €34bn in region-wide bonds this year in order to fund the Eurozone’s bailout funds.Analysts expect a yield premium of one to two per cent over European Union debt. 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof High demand for first euro bailout bonds whatsapp KCS-content Wednesday 5 January 2011 8:28 pm whatsapplast_img read more


September 4, 2021 0