Consumer confidence dips with age


first_imgSunday 15 August 2010 10:17 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 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 whatsapp KCS-content whatsapp Tags: NULL Consumer confidence dips with age Show Comments ▼ Share RESEARCH has shown a yawning gap in the effect of the recent austerity Budget on confidence levels among young and old people.PricewaterhouseCoopers (PwC) found 30 per cent of 18-24 year-olds think they will be better off in 12 months’ time. Confidence then dips on a declining scale, turning negative among 35-44 year-olds and bottoming out in the 55-64 age bracket, where 47 per cent of people believe they will be worse off in a year’s time.Inge Cajot, a director at PwC, said: “Ironically, the medium term fundamentals point in the opposite direction. “Younger consumers continue to be optimistic about their future disposable income but in reality it is under increasing pressure due to rising unemployment, lower pay rises and potentially higher student fees to face.” last_img read more


SEC settles insider trading case for more than $17m


first_img THE US Securities and Exchange Commission has accepted more than $17m (£11m) from two men to settle federal insider trading charges related to the takeover of biotechnology company MedImmune.Stephen Goldfield, 46, who ran the hedge fund firm Imperium Capital Management, was charged with making $13.98m (£9.05m) in illegal profit by trading in MedImmune securities before Anglo-Swiss drug giant AstraZeneca agreed in April 2007 to buy the firm for more than $15bn.The SEC also accused James Self Jr, 45, Goldfield’s friend and former Wharton School of Business classmate, of tipping him off about the MedImmune sale process with information he learned working for a New Jersey pharmaceutical firm. Goldfield agreed to settle for $16.65m, reflecting the profit plus interest, but will only pay $600,000 because he lost all the illegal profit in several aggressive put option trades. Self accepted a $50,000 civil fine. Neither admitted any wrongdoing. The settlement comes as federal regulators have brought a spate of insider trading cases after facing a wave of criticism for having missed fraud in previous years. SEC settles insider trading case for more than $17m Show Comments ▼ whatsapp Wednesday 1 September 2010 8:19 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Sharecenter_img Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsUndoOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndo whatsapp KCS-content Tags: NULLlast_img read more


Whitbread given a lift by Premier Inn business travellers


first_imgTuesday 7 September 2010 11:00 pm Whitbread given a lift by Premier Inn business travellers whatsapp WHITBREAD yesterday reported a 14 per cent sales surge across the group – fuelled by a return of business travellers to its Premier Inns and the growth of Costa Coffee. Premier Inn like-for-like sales were 10.7 per cent higher in the 24 weeks to 19 August, while Costa’s like-for-like sales in the quarter jumped another 8.1 per cent. Its hotel chain saw business travellers using its budget hotels jump by a fifth. Overall occupancy of rooms was up almost ten per cent compared with the same period last year. At their lowest rates the rooms are £29-a-night. The company has opened nine new hotels this year with a total of 795 rooms. Chief executive Alan Parker said: “We are very pleased at how well Premier Inns has been performing. The rise in business travellers shows that people want to make the trips but in this age of austerity they want a cheap room. All of our businesses have been performing well.” Whitbread created another 1,000 jobs over the period and now employs 34,000 workers in total. It also owns the Beefeater chain and its restaurant sales were up 4.3 per cent. The company has 98 Costa Coffee franchises, with total sales up 28 per cent. KCS-content Tags: NULLcenter_img whatsapp 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan Share Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’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 ProofTortilla Mango Cups: Recipes Worth CookingFamily 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼last_img read more


Halfords says finance director to take over the reins at Dunelm


first_img whatsapp HALFORDS group finance director Nick Wharton is to leave the cycle and motoring retailer to become chief executive of budget home furnishing chain Dunelm Group. KCS-content Halfords says finance director to take over the reins at Dunelm Thursday 16 September 2010 8:26 pm Wharton will leave the company on 30 November but before his departure he will present Halfords’ interim results and oversee the renewal of its banking facilities.Chief executive of Halfords, David Wild, said Wharton had “played a central role in Halfords’ transition from a subsidiary of Boots, through private equity ownership to become a growing and successful plc”.Meanwhile Dunelm yesterday reported a rise of 46 per cent in pre-tax profit to £76.8m in the year to 3 July. Dunelm is the third largest firm in the £12bn UK homewares market with 106 stores. Current chief executive Will Adderley will remain on the board of Dunelm and advise on strategy. center_img Share Show Comments ▼ whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Tags: NULLlast_img read more


Safran pens deal with BAE for L-1


first_img Tags: NULL Share KCS-content whatsapp FACE-RECOGNITION software maker L-1 Identity Solutions is being sold to Safran and BAE Systems, two top European defence firms.French group Safran confirmed a $1.09bn (£701m) cash deal to buy the US security company and its core biometric business in a move that will also see British defence company BAE Systems extend its reach in the US.L-1’s shares rose 20 per cent to be the top gainer in early New York trading after state-controlled Safran said it would offer 24 per cent more than L-1’s closing share price of $9.70 on Friday, which valued the four-year-old company at $900m. Safran pens deal with BAE for L-1 whatsappcenter_img Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding 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.com Monday 20 September 2010 9:11 pm The $12 per share deal will go ahead if L-1 completes a plan to sell its government consulting arm to BAE for $296m.The $12 per share offer from Safran, which makes aero engines, military goggles and security equipment, matched the top end of analyst forecasts seen before the announcement.“Great things come at a justified price,” said Safran finance director Ross McInnes.The shake-up is the latest sign of mid-tier security and defence firms getting snapped up by traditional arms suppliers.As major contractors face sharp cuts in defence budgets, they are steadily targeting smaller players with niche technologies in cybersecurity, civil security, surveillance and intelligence — which is a deliberate shift in corporate focus from bombs to bytes.L-1’s face-recognition and other biometric products are used by government agencies for improving security and border management and commercially at financial institutions. last_img read more


Corporate spending set to rescue UK


first_img KCS-content whatsapp Share whatsapp Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity 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 Timescenter_img THANK goodness for the private sector. With the exception of parts of the property investment industry, it is now in reasonably good shape. Contrary to what many believe, this means that Wednesday’s Comprehensive Spending Review – and the all too necessary spending cuts it will detail – won’t derail the UK economy. Sure, a chunk of public sector demand will disappear – but a raft of little-noticed data suggests that extra spending in the rest of the economy will more than compensate.The I/B/E/S equity analysts’ consensus earnings forecasts for UK companies have surged from growth of 4.2 per cent year on year 12 months ago to 15.9 per cent now. Analysts are the most optimistic since records began more than 20 years ago; this is the first time since the early 1990s that the consensus expects UK profit growth to outpace the global average. I know that equity analysts are an irrationally exuberant bunch and that UK firms are enjoying growing overseas sales. But the analysts’ mood undoubtedly reflects greater confidence among the firms they talk to.Plenty of other clues suggest that things are going all right (though certainly not superbly) for UK Plc and that it is about to spend a lot more, boosting growth and creating private sector jobs to replace those lost in the state sector. Take corporate bank accounts: many firms are flush with cash. Fewer are saying they are finding it hard to borrow. The British Chambers of Commerce quarterly survey suggests capacity use in firms continues to rise, and is above average in both manufacturing and services. It also finds that competitive pressures are not unusually severe (they tend to be pronounced when there is a lot of excess capacity around, as rivals engage in price wars). So what is happening? Firms slashed their investment spending when the crisis hit – and because so much capex nowadays is on IT on a three-year cycle, productive capacity has fallen. Recent CBI and Bank of England agents’ surveys give a similar message: plants and offices are running at much closer to full capacity than many people realise. This is great news for the economy. With profits bouncing back, investment still low, limited capacity, demand that is still growing (albeit at a weaker rate) in part because of sterling, business investment is likely to rebound. Deloitte’s most recent survey of chief financial officers (CFOs) revealed a strong rise in those who say that expanding investment is one of their top three priorities for the year ahead. Again, one shouldn’t exaggerate this positive trend. But I suspect that Michael Saunders, Citigroup’s excellent chief European economist, is right to be predicting a 10 per cent or so recovery in corporate capital spending by the end of 2011. A similar argument helps to explain why the Ernst & Young Item Club expects GDP growth of 1.4 per cent this year and 2.2 per cent next year (the latter figure still sounds a little high to me, which ought to be proof that I’m no deluded optimist, merely a realist). The simple truth is that no serious forecaster is predicting a double-dip recession in the UK as their central outcome next year, even though everybody knows that spending cuts are coming. There is plenty of evidence of an economic slowdown since the spring but none of another collapse. Economists often get it totally wrong – but not this time. [email protected] Show Comments ▼ Corporate spending set to rescue UK Sunday 17 October 2010 11:46 pm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell 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.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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comlast_img read more


Rio Tinto boss confident tax rule will be kept


first_imgSunday 24 October 2010 10:31 pm whatsapp Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky 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 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 Share RIO Tinto boss Tom Albanese says he has the “utmost confidence” that Australia’s new government, led by Julia Gillard, will honour the spirit of the modified mining tax agreement it signed with Rio, BHP Billiton and Xstrata in July.The trio of big miners have become worried that under the new tax they will not be able to claim credits for any future increase in state mining royalties, as they thought was the case in the deal thrashed out in July.Details of the tax are being worked out by a policy transition group led by the Australian resources minister, Martin Ferguson, and former BHP chairman Don Argus.Mr Albanese told the Australian Broadcast Corporation’s Inside Business programme that he had the “utmost confidence that they will work through this, and a whole range of other issues”.He said even though details needed to be sorted out, he thought the final agreement would be in the “spirit of the agreement” made in July.“The spirit of the discussions in July put us back on the path of investing in Australia,” he told the programme. Tags: NULLcenter_img Rio Tinto boss confident tax rule will be kept KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe 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 AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp Show Comments ▼last_img read more


Brit Insurance accepts £888m offer from Apollo and CVC


first_img Brit Insurance has accepted a formal offer from buyout firms Apollo Management and CVC Capital Partners after recommending an approach which values Brit at up to £888m. Lloyd’s of London insurers, which offer cover against large-scale risks such as natural disasters, have emerged as potential takeover targets because cyclically low insurance prices have weighed heavily on their shares.Brit’s chief executive Dane Douetil said conditions were now ripe within the sector for consolidation given upcoming Solvency II requirements, which may create capital issues for the smaller players, and the short-term volatility weighing on results.“Certainly, it is more likely to have more consolidation in the next 12 to 24 months than there has been in the last 5 years,” Douetil told Reuters.Earlier this month, insurer Hardy rebuffed an initial 300 pence per share approach from peer Beazley.Brit Insurance said in a separate statement on Tuesday that overall gross written premiums for the nine month period to 25 October fell nine per cent to £1.22bn as underwriting conditions remain competitive.Brit Insurance said the offer from the Apollo, CVC consortium valued the business at 10.75 pence per share, but included a provision through which shareholders would receive a further 25 pence per share should Brit’s net tangible asset value be more than £11 per share at the end of 2010.This represents a premium of 47-51 per cent to Brit’s closing share price of 729 pence on 10 June – the last day before the offer period started.“It will allow us to build the business at the right part of the cycle, to be more nimble in what we do and to have a longer term perspective,” said Douetil. Share John Dunne Show Comments ▼ whatsapp whatsapp Tuesday 26 October 2010 4:30 am Brit Insurance accepts £888m offer from Apollo and CVC 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more


Barclays sees profits tumble


first_img whatsapp Tuesday 9 November 2010 8:47 pm Share More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.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.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com KCS-content Show Comments ▼ whatsapp Tags: NULL INVESTORS reacted positively yesterday despite Barclays unveiling quarterly pre-tax profits of £1.27bn (excluding own credit), a 28 per cent drop on last year. Including own credit losses – the effect of mark-to-market write-downs – profit plunged 76 per cent to £327m.Barclays stock climbed by over three per cent throughout the day in part due to an unexpectedly speedy improvement in impairments, which fell 31 per cent. Basic earnings per share were down seven per cent to 21.3p, but the bank decided to re-issue a quarterly dividend of 1p. It reported that it has set aside £1.6bn for bonuses as outgoing CEO John Varley called the results “resilient despite a subdued economic environment and moderate volumes”.Varley is to be replaced by current Barclays Capital chief Bob Diamond, whose division was the biggest drag on profits. Pre-tax profit was wiped out, dropping 149 per cent to record a £182m loss. The bank blamed the figures on mark-to-market write-downs combined with a generally difficult climate for investment banks. There was good news on the bank’s capital ratio. It reported a core tier one ratio of 10 per cent, no change from last quarter. The bank said it estimated the costs of complying with Basel III would be £150bn, with £50bn to be absorbed by management decisions. Barclays sees profits tumble last_img read more


Incoming Lord Mayor up early to rehearse for City’s big parade


first_img Tags: NULL Incoming Lord Mayor up early to rehearse for City’s big parade More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha 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.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.comColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Alderman Michael Bear, who will become Lord Mayor of the City of London tomorrow, took part in a pre-dawn rehearsal yesterday for this year’s Lord Mayor’s Show (on Saturday 13 November) in front of St Paul’s Cathedral.He will be the 683rd Lord Mayor, whose duties include representing UK-based financial services internationally. This year’s show features a troupe of zulu warriors, samba dancers and Hong Kong acrobats. Events start from Mansion House at 11am and the three-mile long procession winds its way through the City streets, via St Paul’s Cathedral, to the Royal Courts of Justice where the Lord Mayor swears an oath of allegiance to the Monarch. The day culminates at 5pm in a spectacular firework display lit from a barge on the Thames. center_img Show Comments ▼ Wednesday 10 November 2010 7:41 pm KCS-content whatsapp Sharelast_img read more




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