Thames River bosses share £26m payout

first_img Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More whatsapp Thursday 9 September 2010 8:36 pm Tags: NULL Share whatsapp KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo THAMES RIVER CAPITAL, the fund firm recently bought by rival F&C, has shared £25.9m between the partners of its main subsidiary, despite a fall in profits and big outflows from its hedge funds.The payout to the 25 members of Thames River Capital, including chief executive Charlie Porter, chief operating officer Jeremy Charles and commercial director Loudon Greenlees, came despite a near-halving of profits for the year to March, accounts filed this week show.The boutique firm shared out £41.1m between 19 members the previous year.Like many managers of hedge funds, Thames River has seen clients exit as it deals with the aftermath of a difficult credit crisis for the $1.6 trillion (£1 trillion) industry.During the year to March its $600m Hillside Apex credit fund was closed, while its Warrior funds of hedge funds paid back around $300m to clients from side pockets – separate portfolios holding hard-to-sell assets bought before the credit crisis.However, Thames River did see inflows into its credit, global bonds, multi-manager and real estate funds, investment boss Michael Warren said. F&C completed its purchase of Thames River this month, having been attracted by the group’s higher margin retail and hedge funds and the chance to rebuild asset levels as outflows from its own portfolios continue. The fall in Thames River’s operating profit over the year — to £20.5m from £36.1m — may have been due to the outflows from its hedge funds, which tend to earn higher margins than mutual funds. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Thames River bosses share £26m payout Show Comments ▼last_img read more

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Regal Petroleum chief executive steps down after Ukrainian disappointment

first_img KCS-content Tags: NULL OIL explorer Regal Petroleum said its wells in Ukraine had performed poorly and it would carry out a strategic review, adding that its chief executive David Greer was stepping down.The company said yesterday it had agreed to sell its licence in Romania to Chevron for $25m (£15.9m), as part of a move to refocus its activities solely on Ukraine announced earlier in September.“Following the poorer than anticipated production achieved from well MEX-120 and the work-over programme in Ukraine, the company is undertaking a strategic review of reservoir performance,” Regal said.Chief executive David Greer had resigned, Regal said, and chairman Keith Henry would take over his responsibilities in the meantime.Only last month Regal parted company with its financial adviser Mirabaud Securities after it emerged it was spearheading an attempt to oust Greer on behalf of its former founder. The company has proved plus probable oil reserves of around 152m barrels of oil, according to an independent report. Regal Petroleum chief executive steps down after Ukrainian disappointment Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com whatsapp Show Comments ▼ whatsapp Thursday 30 September 2010 10:04 pmlast_img read more

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FACEBOOK BOWS TO PRESSURE ON PRIVACY

first_img whatsapp Facebook will give users the ability to download all the information they have uploaded to the site and make it easier to see how individual applications are using personal information, chief executive Mark Zuckerberg said yesterday, answering two main criticisms that have dogged the site for years. The feature, called “Download your Information,” will give users a “.zip file” with all the data they have put up on the site Tags: NULL Wednesday 6 October 2010 7:52 pm Share FACEBOOK BOWS TO PRESSURE ON PRIVACY Show Comments ▼ whatsapp KCS-content 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 Wraplast_img read more

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Insurers to post upbeat numbers

first_img Insurers to post upbeat numbers KCS-content 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?MisterStoryMoneyPailShe 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 HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com whatsapp Show Comments ▼ Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comcenter_img whatsapp TWO of the UK’s biggest insurers are set to announce an upturn in business when they update the market on trading this week.Aviva is expected to unveil a £1bn increase in life and pension sales to £25bn when it reports figures for the first nine months of the year tomorrow.And Standard Life, which posts numbers for the third quarter on Wednesday, is forecast to say that group assets under administration have risen by 10 per cent to £186.9bn.Standard Life’s long term net savings are tipped to have more than doubled to £3.67bn from £1.4bn a year ago and investment management third party net inflows should have increased to £7.08bn from £4.3bn last time.However, the Edinburgh-based group’s UK individual pensions new business is thought likely to have dropped by about three per cent in the nine months to £381m, while UK investment bonds are thought to have dipped nearly a third to £133m and new business in UK annuities to have declined 17 per cent to £293m.Aviva is expected to focus on its continental European business tomorrow, although it will update on progress in its UK business.The insurer’s European business outside the UK generated £16.3bn in revenue last year, contributing more than a third of the company’s total sales as it reported profits of £2bn.Aviva is likely to point towards Europe as the region offering the best prospects rather than Asia, with forecasts showing better growth in the next five years than in the Far East outside Japan.Poland is one of the countries expected to become a core emerging market, along with Turkey. Sunday 31 October 2010 11:08 pm Tags: NULLlast_img read more

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WHAT THE OTHER PAPERS SAY THIS MORNING

first_imgMonday 22 November 2010 6:45 am Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com whatsapp Show Comments ▼ WHAT THE OTHER PAPERS SAY THIS MORNING whatsappcenter_img KCS-content 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 PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo FINANCIAL TIMESROK WAS WARNED ON OUTLOOKSenior executives at Rok, the failed building group, were warned the company’s public statements risked misleading investors by failing to identify the extent or source of its problems. The board of directors was contacted by Ashley Martin, at the time the suspended finance director, after Rok released a trading statement on August 11 that said it was “confident about the outlook” for its core maintenance and improvements business.LATIN AMERICAN BANKERS PAY SOARSThe growing demand for senior investment bankers in Latin America is driving up compensation levels.This year, a top investment banker in Brazil will earn an average $1.7m (£1.1m), according to Options Group, a global recruitment consultancy, twice as much as in China.TOP US BANKS FACE $100BN BASEL SHORTFALLThe top 35 US banks will be short of between $100bn and $150bn in equity capital after the new Basel III global bank regulations are imposed, with 90 per cent of the shortfall concentrated in the biggest six banks, according to Barclays Capital. The BarCap study assumes the banks will need to hold top quality capital equal to 8 per cent of their total assets, adjusted for risk. PENSION SCHEMES MUST TACKLE RISKFTSE 100 pension schemes could see their collective deficits increase by more than £25bn in a single month because of their exposure to interest rate, inflation and equity market risks. PensionsFirst, which has spent two years developing a “value-at-risk” model for defined benefit pension schemes, has calculated that there is a 5 per cent chance of such a large swing in the total deficit of the UK’s biggest corporate schemes.THE TIMESELECTION OF GENERAL SECRETARY FAILS TO UNITE TRADE UNIONUnite has a new general secretary today but the manner of his election — with less than seven per cent support from the membership — was sharply criticised as an indication of the disillusionment among members of Britain’s biggest and most powerful union.CIGARETTE GIANTS BREATHING FIRE OVER PLAN FOR PLAIN PACKAGINGBritain’s two biggest cigarette makers have launched a vitriolic attack on the Government’s plan to force them to use plain brown packets, saying the move would be “like Christmas” for counterfeiters. British American Tobacco, whose brands include Dunhill, Lucky Stripe and Kent, said the policy — intended to remove the glamour from smoking — may have the opposite effect.The Daily TelegraphGREEN RESTRICTIONS ON GAS “COULD ENDANGER UK SUPPLY”Power bosses from RWE and E.ON have warned that the threat of green restrictions on gas could stop new plants being built, potentially endangering Britain’s energy supply. Concerns were sparked as ministers announced that they are prepared to fund a £1bn trial project looking at “carbon capture and storage” for gas, where emissions are siphoned off and stored underground. TESCO GIVES STAFF A £55M CHRISTMAS “PRESENT” – IF THEY SPEND IN STORETesco has given its staff a £55m “Christmas thank you”. However, workers won’t actually get their hands on any cash bonus. The voucher package will cost the retailer £40m, with the remaining £15m spent on giving staff an extra day’s holiday.THE WALL STREET JOURNALCRITICISM HINDERS FED’S EASING PLANCriticism of the Federal Reserve’s latest bond-buying programme, both from insiders and from US politicians, is muting the plan’s potential benefits for the economy. Amid widely publicised skepticism about the efficacy and wisdom of the bond buying, investors and traders are questioning whether the Fed would be able to expand its bond purchases beyond $600bn – even if inflation continues falling and unemployment remains high. MERCK CHOLESTEROL DRUG IS FOUND TO HELP KIDNEY PATIENTSA new study concluded Merck & Co’s cholesterol-lowering drug Vytorin modestly reduced the risk of heart attacks and related disease among people with chronic kidney disease, when compared with a fake drug. Tags: NULLlast_img read more

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ECB may request more capital to fight Euro crisis

first_img ECB may request more capital to fight Euro crisis Share Show Comments ▼ alison.lock 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 The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndo Monday 13 December 2010 3:22 pmcenter_img whatsapp whatsapp THE European Central Bank is considering requesting an increase in its capital to help cope with the rising costs of fighting the eurozone debt crisis, Reuters sources have said.ECB policymakers have repeatedly signalled that the central bank cannot bear the brunt of fire-fighting against bond market attacks on highly indebted euro zone states.“The issue is that the ECB is worried about potential losses from its bond buying,” one source said.“At the moment we are buying very modest amounts, but what if that is increased, and what if the bonds you buy are suddenly worth 30 per cent less?” the source said, referring to the risk of a writedown on a eurozone government’s debt.The ECB declined to comment.One source said a doubling of the ECB’s capital was among the options being discussed. Another said it was not clear how much the bank would ask for. Both said the request would go to eurozone member states.The ECB’s purchases of eurozone government bonds increased to €2.667bn (£2.23bn) last week from €1.965bn a week earlier. It was the biggest weekly total since June but well below levels seen at the height of the eurozone crisis.Altogether, the ECB has bought €72bn in bonds – exclusively Greek, Irish and Portuguese, analysts believe – since it began intervening in May to stabilise markets.The Frankfurt-based central bank headed by Jean-Claude Trichet has a subscribed capital of almost €5.8bn compared to a balance sheet of €138bn, according to its latest annual report. More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Tags: NULLlast_img read more

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Oberthur plays nasty with De La Rue offer

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 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 Tuesday 4 January 2011 9:05 pm Tags: NULL FRENCH money-printer Oberthur Technologies tried yesterday to stir up a row among shareholders of its takeover target, De La Rue.On the first day for De La Rue’s new chief executive Tim Cobbold, Oberthur said the company had lost its largest client, the Reserve Bank of India, and called on the board to inform shareholders. “The tender for the supply of 16,000 tons of currency paper by the Reserve Bank of India has been awarded to four competitors of De La Rue,” Orberthur said.The four competitors in question are Arjo Wiggins, Louisenthal, Crane and Fabriano, said an industry source. The person also said that Oberthur had learned of the contract decision through the grapevine in the money-printing community.In response, De La Rue stated its contract with the client in question is still up in the air, with negotiations “ongoing”. But RBI’s decision not to invite its former printer to pitch for the new contract suggests that it is keen to replace the company.The likely loss of RBI is a severe blow for De La Rue, meaning it is would miss out on several thousand tons of business – a significant proportion of its annual banknote production of around 15,000 tons. However, since its contract with RBI was suspended in July last year, it has won new contracts to put volumes for 2010 on a par with those in the previous year.Shareholders will now be on the receiving end of a campaign of phonecalls from both Oberthur and De La Rue as they attempt to persuade them of the pros and cons of the 905p bid. De La Rue’s board is said to be set on a price over £10.The privately held Oberthur, which approached De La Rue in early December with a bid, has been courting shareholders ever since its offer of 905p was rejected as “opportunistic”. Oberthur plays nasty with De La Rue offer by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comcenter_img whatsapp Share whatsapp KCS-content Show Comments ▼last_img read more

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William Hill in lift from online betting profit

first_img Tags: NULL William Hill in lift from online betting profit Show Comments ▼ whatsapp BOOKMAKER William Hill has said its annual operating profits are set to be at the top end of forecasts.It reported strong revenue growth in the final three months of 2010, in part thanks to a big jump in online business.Web-related revenue grew by a quarter compared with a year earlier, while retail revenue rose by eight per cent despite the bad weather over the Christmas period.The bookmaker said full-year operating profits would be about £275m, up from £258.6m in 2009.Chief executive Ralph Topping said: “This is a strong performance and I am delighted that, in particular, our online business and the gaming machines in our shops continue to see encouraging revenue growth during [the period].“Our continual technological developments in what is a fast-changing industry have underpinned growth.”The group added that it would now be closing its telephone business in the UK in February, having previously said it would do so in the fourth quarter of 2010. William Hill said in June last year, it would be establishing a new telephone betting operation offshore in Gibraltar. KCS-content Sharecenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’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 Wednesday 19 January 2011 7:36 pmlast_img read more

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MPC moves closer to interest rate hike

first_img 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 AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To 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 Farm Wednesday 26 January 2011 5:03 am Bank of England policymaker Martin Weale unexpectedly joined Andrew Sentance in voting for a quarter-point rate rise this month, minutes to the Bank’s January Monetary Policy Committee meeting showed.The minutes said the MPC explicitly considered the case for a rate rise in January, and that for some members this was a finely balanced decision.“For most members, recent developments implied that the risks to inflation in the medium term had probably shifted upwards,” the minutes said.However, the MPC deliberations took place before policymakers knew that the economy unexpectedly contracted by 0.5 per cent in the last three months of 2010.The MPC opted to keep rates on hold, citing downside risks to inflation from spare capacity, fiscal austerity, a potential jolt to exports from the euro zone crisis as well as tight credit conditions.“Some members also noted that an increase in Bank Rate … might be misinterpreted as a signal that the Committee would attempt to bring inflation back to target excessively rapidly, which could cause expectations of a relatively sharp tightening of monetary policy that could have a detrimental impact.”The MPC had access to an early estimate of December’s 3.7 per cent inflation reading but did not know about the scale of the impact on growth from December’s harsh weather.Their expectation was that the economy would grow roughly in line with trend in late 2010 and early 2011, despite snow in December and a rise in value added tax in January. whatsapp MPC moves closer to interest rate hike Share center_img whatsapp John Dunne 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 ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Tags: NULLlast_img read more

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Sanofi gets ready to bid for Genzyme

first_imgTuesday 15 February 2011 8:46 pm Sanofi gets ready to bid for Genzyme whatsapp Show Comments ▼ Tags: NULL DRUGMAKER Sanofi-Aventis is ready to announce its $19.2bn-plus (£12.4bn) takeover bid for US biotech firm Genzyme, sources with knowledge of the talks said yesterday, bringing nine months of wrangling to a close. The two companies have agreed in principle to the improved offer, which could be announced to the markets as early as this morning. The bid is said to include $74 per share in cash plus a contingent value right (CVR) that will vary depending on the results of Genzyme’s experimental drug Lemtrada. Sanofi has included the CVR element to help resolve a long-running argument with Genzyme over the potential value of its new multiple sclerosis drug, which the French firm said could be worth $3.5bn a year.Sanofi’s previous offer of $69 a share, first put forward in July, expired yesterday after several extensions. The deal would be the second-biggest in biotech history and gives Sanofi a foothold in the growing market to treat rare diseases. It will also help Sanofi compensate for declining revenue from drugs that have lost, or are set to lose, patent protection.The EU gave the green light to a takeover in January, saying the hostile takeover would not reduce competition in Europe. Officials at Sanofi were not immediately available for comment, while a spokesman for Massachusetts-based Genzyme said he could not confirm that an agreement had been reached last night.Sanofi sought advice during negotiations from JP Morgan, Evercore Partners and Morgan Stanley, with Genzyme turning to Credit Suisse and Goldman Sachs. whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comColin Kaepernick to publish book on abolishing the policethegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Share KCS-content last_img read more

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