Minerva calls EGM following KiFin bust-up

first_imgWednesday 11 August 2010 8:21 pm Minerva calls EGM following KiFin bust-up Show Comments ▼ KCS-content whatsapp whatsappcenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleUndo PROPERTY developer Minerva has called an emergency meeting to drum up support following demands for a boardroom shake-up from rebel investor KiFin, owned by billionaire Nathan Kirsh. In the latest chapter of an extended power struggle at Minerva, KiFin has proposed the sacking of chairman Oliver Whitehead and chief executive Salmaan Hasan and called for more transparency on terms of its recent restructuring and profit share agreements.KiFin plans to install London property veteran Philip Lewis as interim chief executive, along with former Investec boss Bradley Fried as a non-executive director, if the moves win shareholder approval at an emergency meeting on 8 September. Minerva has hit back at the proposals, accusing leading shareholder KiFin of trying to take control of its activities without paying, after its 50p per share takeover bid collapsed earlier this year.“It’s a pretence to say they don’t want to take control, given their actions over a period of time,” Whitehead told City A.M. “We have no problem with them taking over as long as they pay a proper price. By trying to install Lewis, they are trying to gain control without the hassle of a takeover.” “Besides the demands set out, we have no idea what KiFin has planned for the company. They are just making mischief, putting out negative tittle-tattle,” Whitehead added. Lewis called yesterday for Minerva’s other board members to get involved and calm the dispute. “They have got three good non-executive directors who should be making an effort to find a solution to this problem,” Lewis said. “Kirsh is not seeking control of the company. We simply want management to understand the importance of full disclosure of the key financial information that we are requesting.” More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Share Tags: NULLlast_img read more

Unemployment drops to 2.47m

first_imgWednesday 15 September 2010 4:41 am Unemployment drops to 2.47m whatsapp 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comConnecticut man dies after crashing Harley into live bearnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapp Sharecenter_img 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 PastMoneyPailShe 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 HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlush John Dunne Show Comments ▼ Unemployment fell by 8,000 to 2.47m in the three months to July, figures from the Office for National Statistics have shown.The overall UK unemployment rate remained at 7.8 per cent.However, the figures also showed the claimant count – those out of work and seeking unemployment benefit – rose by 2,300 in August to 1.47m.Many economists fear unemployment will rise later in the year when government cuts to the public sector take their toll. last_img read more

Goldman sees its profits fall

first_img KCS-content Goldman sees its profits fall Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.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.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com US INVESTMENT bank Goldman Sachs said yesterday that net profit fell during the third quarter of this year after lower than expected trading volumes during the summer dragged on earnings.Goldman reported a net profit of $1.9bn (£1.2bn), or $2.98 per share, for the three months to 30 September, down more than 40 per cent on the previous year’s $3.19bn profit haul, or $5.25 per share. Net revenues were also down 28 per cent on the previous quarter to $8.9bn, the bank said.Revenues from the bank’s trading desks were $6.38bn, 36 per cent lower than a year earlier and three per cent lower than the previous quarter. But the fall in trading volume was offset by growth in the bank’s investment banking division, which saw revenues increase to $1.12bn, 24 per cent higher than a year earlier, on the back of a 40 per cent increase in revenues from equity and bond underwriting.Goldman also revealed it had put $3.8bn (£2.4bn) aside in the third quarter to cover employee pay and bonuses. For the year to date it has set aside $13.1bn to cover staff pay and bonuses, or £268,000 per employee. Overall, the staff pay and bonus pool is down 21 per cent from the $16.7bn set aside at this time last year.Chairman and chief executive Lloyd Blankfein said the bank’s results reflect solid performance.“While economic conditions continue to be challenging in a number of important markets, our focus is on helping our clients achieve their goals,” he said. 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 Tags: NULLcenter_img Tuesday 19 October 2010 8:03 pm whatsapp whatsapp Sharelast_img read more

UK service sector growth slows in November

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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald GROWTH in UK service sector activity slipped back slightly in November, suggesting a slowdown in overall fourth-quarter economic output and no change to monetary policy anytime soon.The headline business activity index in the Markit/CIPS PMI index eased to 53.0 in November from October’s four-month high of 53.2 and bang in line with the forecast, as new business picked up at its fastest rate since June.But analysts said the figure was slightly disappointing following a run of better-than-expected manufacturing and construction growth and implied a slowdown in overall GDP growth for the final three months of the year.“It’s not disastrous but it’s definitely sub-trend,” said Ross Walker of RBS. “It’s in the services sector where the recovery is more vulnerable, and there are some sectors which are vulnerable to weaker consumer and domestic demand.“It’s mildly disappointing and is just going to reinforce the near-term policy inertia.”The new business index rose to 52.4 from 52.0 in October, the highest reading since June, and business confidence also improved. However, employment fell at a faster rate than October and firms also ran down backlogs of work, suggesting a build-up of spare capacity.The figures are therefore unlikely to alter expectations that the Bank of England will keep policy loose as it waits to see how planned government spending cuts hit demand.“(It’s) perhaps a bit disappointing after the recent run of improved news on the economy,” said Vicky Redwood of Capital Economics.“Given the sharp pick-up in the manufacturing PMI earlier this week, a composite measure of the CIPS surveys still rose in November. But, on the face of it, it points to quarterly GDP growth of just 0.3 per cent or so.”The headline services activity index has been above the 50-level which separates contraction from expansion for more than a year-and-a-half but November’s pace of growth was again below the survey average.Markit economist Paul Smith said the growth in the UK service sector activity was solid but described the rise in new work as still lacklustre as economic uncertainties undermined business and consumer spending.“With the survey’s data on backlogs and confidence pointing to sluggish expansion in the near-term, we expect the sector to make a reduced contribution to UK economic growth in Q4,” he said.“Moreover, the sector’s present growth profile suggests it is unlikely to generate any meaningful job creation and help to offset expected employment cuts in the public sector.”Employment in the sector declined at a slightly faster rate than in October as a number of respondents chose not to replace leavers or to implement redundancies.Markit said business expectations had improved since October although the degree of business confidence in the UK service sector remained historically low due to fears over government spending cuts.And inflation pressures eased last month, with firms raising prices at a slower pace than in October, in line with a slight slowdown in their own costs.Overall, Friday’s survey suggests the services sector is not expanding as quickly as the manufacturing sector, where activity picked up at its fastest pace in 16 years in November due in part to strong exports. Friday 3 December 2010 5:34 am whatsapp Share whatsapp UK service sector growth slows in November Show Comments ▼ alison.lock Tags: NULLlast_img read more

Game Group profit hit as price promotions weigh

first_imgWednesday 8 December 2010 7:19 pm Game Group profit hit as price promotions weigh whatsapp KCS-content COMPUTER games retailer Game Group said its profit margins would fall by more than expected as it steps up promotions to lure cash-strapped shoppers and maintain share in a cut-throat competitive market.Game, which has been hit by the absence of new games console launches this year, said yesterday sales trends had improved in recent weeks, helped by new title launches such as “Call of Duty: Black Ops” and “FIFA 11.”It also has high hopes for Microsoft’s Kinect motion-sensitive gaming product, which Britain’s biggest retailer Tesco tipped to be a top-seller this Christmas.However, Game said hard-pressed shoppers were becoming ever more focused on bargains, and it remained cautious about the outlook for 2011 amid a continued lack of new console launches.“Consumers appear to be more deal hungry, more value-seeking than perhaps they were even last year,” chief executive Ian Shepherd said. Britain’s retailers are worried that higher taxes and public spending cuts aimed at reducing government borrowing will hit consumer demand in the months ahead. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldcenter_img Tags: NULL Show Comments ▼ Share Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Prooflast_img read more

JPMorgan moves its HQ to the Wharf

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal 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 HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Monday 20 December 2010 9:15 pm JPMORGAN confirmed yesterday it will base its European headquarters at the former Lehman Brothers tower in Canary Wharf from 2012.The decision is a major vote of confidence in London as one of the world’s top finance hubs and follows concerns that the government was not supportive enough of the banking sector. JPMorgan will not build a new block for its use as had been hoped, instead paying £495m for the 31-floor block at 25 Bank Street. “This acquisition is a long-term investment and represents part of our continued commitment to London as one of the world’s most important financial centres,” said Jamie Dimon, the bank’s chairman and chief executive. The towering steel and glass block will host JP Morgan’s entire 8,000-strong investment banking division, which is currently spread between four offices. The move will relieve policymakers, who reportedly met with Dimon to discuss JP Morgan’s concerns over policies such as the bank levy and bonus tax. Mayor of London Boris Johnson said it was “a tremendous coup for London and for the UK, which rightly reflects the prevailing confidence in the capital.”“Banking is one of the few global industries in which we truly excel,” he said. “JPMorgan’s commitment to London will help ensure the capital retains its position as a banking powerhouse.”The move also pleased the Treasury, which received £550m from JPMorgan from last year’s bonus tax alone. Mark Hoban, financial secretary to the Treasury, said the decision would “help to ensure the City’s position as the pre-eminent global financial centre.” “This is excellent news for the City of London, and indeed the UK,” he said.The bank had planned to build a £1.5bn complex on the Riverside South site but will now just manage the development and pay £74.5m to exit the contract. TIME LINE | JPMORGAN CAZENOVEJPMORGAN’S decision to move its 8,000-strong team of investment bankers east to a new European headquarters at Canary Wharf marks a historic break with the past for one part of the business. As part of the move, JPMorgan is to relocate its stockbroking arm, JP Morgan Cazenove, a firm that has maintained its illustrious City roots for nearly 200 years.The historic Cazenove stockbroking business traces its roots back to 1819, when Phillip Cazenove joined his brother-in-law John Menet’s company. The two men decided to go into business together four years later, and in 1823 the stockbroking partnership was established.Cazenove has maintained its blue-blooded credentials since, not least thanks to its ongoing reputation as the Queen’s stockbroker. It is famed for its respect for tradition too, from the discreet brass plate outside its Tokenhouse Yard offices to the separate doors for different staff members, from brokers to butlers. But the highly-regarded broker has undergone fundamental change over the past decade. In April 2001 it officially ended its partnership structure and began preparations to float, but pulled the plan and eventually sold 50 per cent to JPMorgan in 2004 and the remaining half, for £1bn, in 2009. It has never yet left the City, though it has moved around: from Tokenhouse Yard it moved to Moorgate in 2003 and following the takeover, it moved again to the bank’s offices on Aldermanbury. JPMorgan moves its HQ to the Wharf whatsapp Tags: NULL whatsapp Show Comments ▼ KCS-content last_img read more

Irish government takes control of Allied Irish

first_imgThursday 23 December 2010 8:40 am Tags: NULL Irish government takes control of Allied Irish whatsapp whatsapp Share IRELAND’S government is to pump €3.7bn (£3.14bn) into Allied Irish Banks, setting it on course for nearly 93 per cent ownership of what was once the country’s largest publicly-traded lender.AIB will be required to raise a further €6.1bn of core Tier 1 capital before the end of February to get its capital ratio up to 14 per cent, under the terms of Ireland’s bailout from the European Union and the IMF.AIB, a former stock market darling, will have to cancel its listing on the main Irish and British stock markets and will apply instead for a listing on the enterprise securities market of the Irish exchange to give shareholders access to a trading facility for their stock.“This capital is essential to allow AIB to fulfil its role in supporting the Irish economy,” Finance Minister Brian Lenihan said in a statement.AIB’s aggressive courtship of property developers proved its undoing when Ireland’s real estate market bubble burst, triggering huge industry-wide losses that forced the government to seek an €85bn bailout from the EU and the IMF.Shares in Allied Irish Banks dropped 19 per cent to 32 euro cents following the announcement. The stock hit a peak of more than €24 in 2007, when Ireland’s property boom was at its height.The government is using funds from the National Pension Reserve Fund (NPRF) to bulk up AIB’s core Tier 1 capital ratio, a key measure of financial strength, to eight per cent ahead of a year-end deadline set by the central bank.In return, the NPRF will get ordinary shares boosting its current 19 per cent stake in the bank to nearly 50 per cent.The NPRF will also get convertible non-voting shares which will be converted into ordinary stock, giving it a near 93 per cent holding, once AIB completes the sale of its Polish interests to Spain’s Santander.AIB has sold off prized overseas assets to strengthen its balance sheet but spiralling loan losses kept raising its additional capital requirements from €7.4bn in March to €10.4bn in September to €15.7bn in November when Ireland agreed to “overcapitalise” its banks in return for EU/IMF assistance. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute alison.lock Show Comments ▼last_img read more

Simon set to sign £3bn loan to fund Capital Shopping Centres takeover

first_imgTuesday 4 January 2011 12:13 am Simon set to sign £3bn loan to fund Capital Shopping Centres takeover Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapp Show Comments ▼ Tags: NULLcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com ALL EYES will be on US real estate firm Simon Property this week as it signs loan agreements to fund a formal bid for UK mall owner Capital Shopping Centres worth around £3bn. Simon has until 12 January to formalise its 425p per share offer for the FTSE 100-listed firm after the City”s Takeover Panel issued a “put up or shut up” notice last month. America’s biggest retail property group Simon said last week it had agreed terms for a loan of around £3bn with Citigroup, Deutsche Bank, Goldman Sachs and Morgan Stanley. The loan facility announced would more than cover a bid at 425p per share, excluding Simon’s existing 5.1 per cent stake, though the exact terms of the loan are not finalised.Analysts have previously voiced concerns that a bid at the current price would not be enough to persuade CSC investors to sell their stakes. Simon first approached Capital in November, in an attempt to frustrate the firm’s £1.6bn deal to buy the Trafford Centre near Manchester.Simon has said it will not make a deal unless the Trafford purchase from Peel Holdings is scrapped, and it has access to CSC’s books to undertake due diligence. Capital has so far rejected Simon’s requests. Capital is due to hold a shareholder meeting on 26 January to approve the takeover of the Trafford Centre, after delaying the vote in the wake of Simon’s advances. whatsapp KCS-content Sharelast_img read more

Japan to buy a fifth of euro bonds at sale

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 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’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Japan to buy a fifth of euro bonds at sale Tags: NULL whatsapp Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap KCS-content center_img whatsapp Share JAPAN says it will buy a fifth of the gilts on offer at a planned auction of region-wide Eurozone bonds (or “e-bonds”) later this month.The comments, made by finance minister Yoshihiko Noda, sparked a rally in the euro versus the yen, with traders speculating that Japan would have to load up on the single currency to make the purchases.However, analysts expect the relief for the euro to be short-lived. Japan has $1 trillion in foreign reserves already and will only require a few million to make its purchase.The e-bonds are going on sale to fund the European Financial Stability Facility in an attempt to boost confidence in politicians’ commitment to the Eurozone. But with a rescue for Portugal looming, likely to cost a similar amount to Ireland’s €85bn (£70.6bn) package, the region’s bailout resources will also be grateful for the boost.E-bonds are seen to be good investments because they deliver higher yields than French or German gilts but have the backing of Europe’s most stable economies.Despite Japan’s move, economists are pessimistic. An update from Capital Economics said yesterday that even if Portugal agrees to take a bailout, “we fear… this will signal the start of a new, more dangerous, phase” in the crisis.Worries continue despite Japan being the second non-European country to state interest in Eurozone debt. Show Comments ▼ Tuesday 11 January 2011 8:24 pmlast_img read more

Bank of Italy warns on deficit

first_img KCS-content Show Comments ▼ Tags: NULL whatsapp Share Italy’s central bank – the Bank of Italy – yesterday forecast a below-target budget deficit for 2010. Bank of Italy expects real GDP to have expanded one per cent last year and then looks for it to grow 0.9 per cent in 2011 and 1.1 per cent in 2012. The Bank of Italy’s bulletin shows that general government debt grew €106.4bn in the first 11 months of 2010, mainly due to the central government borrowing requirement. center_img whatsapp Thursday 20 January 2011 7:39 pm Bank of Italy warns on deficit by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition 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 Prooflast_img read more

Recent Comments