Eurobond argument ignites

first_img EUROZONE leaders are locked in a dispute about whether to issue region-wide bonds, even as the European Central Bank (ECB) steps up its intervention in the bond markets to try and stem the rise of gilt yields.Luxembourg Prime Minister Jean-Claude Juncker and Italian finance minister Giulio Tremonti yesterday called for the creation of Eurozone bonds to shore up the “irreversibility of the euro”, but the idea immediately drew heavy fire.German chancellor Angela Merkel declared that the idea would go against current EU treaties while Austrian finance minister Josef Proell said: “I am very, very critical of the eurobond idea. It can’t be that each country, which like Austria has run a disciplined economy, has to pay up.”The argument follows the announcement last week that the Eurozone’s bailout fund will issue €5bn-€8bn (£4.2bn-£6.8bn) of euro-denominatd bonds in January. Some see the action as a precursor to the creation of a single Eurozone sovereign debt market. But Germany is likely to strongly resist: its borrowing costs are currently 2.85 per cent for 10-year debt, versus 4.5 per cent for Italy, while a Eurozone bond yield would be likely to sit in between, increasing German costs.Meanwhile, the ECB continued its intervention in secondary bond markets in a desperate bid to stop the rise of peripheral Eurozone debt yields. Figures released yesterday reveal that it bought €1.97bn’s worth of bonds in the week up to 3 December.However, the intervention is a far cry from its dramatic actions in May, when it soaked up €16.5bn of bonds in one week. Economists are doubtful that the Bank can achieve anything more than a temporary respite. Show Comments ▼ KCS-content Tags: NULL whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comcenter_img Share Eurobond argument ignites by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 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 Monday 6 December 2010 9:09 pm whatsapplast_img read more

BORIS FUND BREAKFAST CLUB MEETS AT SAVOY

first_img KCS-content Show Comments ▼ whatsapp Tags: NULL LONDON mayor Boris Johnson played host to a star-studded launch for the corporate sponsors of the charitable Mayor’s Fund for London yesterday morning, with grandees of the City treated to an 8am poached egg and salmon breakfast in return for their paid-up membership of the London Business Club – an organisation for fund donors. The newly refurbished Savoy played host to the likes of ITIS and Streetcar chairman Sir Trevor Chinn, Goldman Sachs head of economics Jim O’Neill and former chief economist and deputy chairman of Man Group Stanley Fink. They were rubbing shoulders along the breakfast table with incoming Barclays chief executive Bob Diamond, who flipped open his chequebook to deliver a £50,000 donation over the meal. It certainly is a busy week for Boris, who is set to attend the illumination of the eighth Chanukah candle in the giant Trafalgar Square menorah this evening and, in a multicultural twist, to host his own Christmas carol-singing service on Monday. As for the welcome prepared for his corporate friends yesterday, Boris was effusive, and tried to put on a brave face regarding London’s prospects as a business hub: “Selling London as a financial centre is slightly easier than selling Egypt as a tourist destination,” he pointed out.After the fifth shark attack at Sharm el-Sheikh this week, he might well be right – though it’s a rather different kind of shark.EVERY-HAIREverything every-hair last night for the Christmas party of the newly merged partners T-Mobile and Orange.As revealed by The Capitalist last month, Irish entertainment duo and former X Factor wannabes Jedward were booked for the event, showing that even the most tuneless acts can eke out a career if there are enough corporates around. With the pair dutifully dyeing their hair fluorescent red and orange for the gig to match the companies’ different-coloured branding, The Capitalist had to wonder whether funereal black might have been more appropriate colour for a couple of Irish twins on the day their country voted through one of the most severe budgets in its history. Still, with one in three young Irish men out of work at present, perhaps Jedward’s continued employment is indeed something to celebrate.PANTO-HOUSE COOPERSWho said accountants were boring? The charitable Christmas pantomime team at PricewaterhouseCoopers has been proving otherwise for 25 years now, and this year is no exception. Yesterday saw the annual carol singers – who double as the panto staff – install themselves at PwC’s reception, serenading thousands of their fellow staff as they arrived at work – though their song list wasn’t necessary traditional festive fair, including Depeche Mode’s “Just Can’t Get Enough”.With retired security guard John Major coming out of retirement to shake the collection bucket, PwC staffers were feeling generous: the bucket was already half-full by 8.30am, with a fair few twenties stuffed into it. The panto staff will now be singing for two to three mornings each week to raise money for local charities, before they begin their week-long run in late January at the Peacock Theatre.Last year’s Snow White featured the delectable Niamh Anderson, from PwC’s London office, pictured above feeding a (we hope not poisoned) apple to panto director Brian Henderson. The panto last year entertained an impressive 9,000 people over the course of the week.This week’s theme? A salutory lesson for an auditing and accounting firm checking up on its clients’ numbers: Pinocchio. ART OF FINANCEThose bankers staring longingly out the window imagining their escape from the City now have an inspiring – or, perhaps, depressing – example to follow. Former VP of Citibank in Spain and Brazil Thomas Ostenberg was flying high in his finance career before he decided to chuck it all in and strike out as an artist. Now he’s bringing his new work to the heart of the City with an exhibition at the Mint Leaf on 21 December. His works, one of which is going for £100,000, are mostly bronze sculptures of horses and people on carts and in wheels with names that could have come out of his old management textbook at Citi: “Mind over Matter”, “But I Feel Fine” and – one hopes not – “Wing and a Prayer”.As for those wondering what it’s like to move from finance to art, there’s “In Search of Myself”, a sculpture of a woman doing a handstand on a moving horse. It might not be an easy journey…POCKET CHANGEPennies, the charitable scheme that last month signed up Domino’s Pizza, has gained another retailer on its books. Travelodge has said that it will adopt the system, which allows those paying for their stay by card to round up their payment, with 75 per cent of the pennies gained shared between a group of charities that includes Cancer Research UK and KidsOut. Meanwhile, since bringing on Domino’s, Pennies itself has transferred over its first donations to its chosen charity, the Special Olympics: £7,609. Not bad for a few weeks’ work. SETTLE DOWN With former prime minister Gordon Brown launching his book at the London School of Economics yesterday, it seems the Conservative press office is having a hard time letting a good thing go. “BREAKING NEWS,” came the tweet from its Twitter handle @ToryPressHQ yesterday, “Something exciting found in Brown’s book – a typo in the acknowledgements.”Now, now, kids. Share whatsapp 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 PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.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’DefinitionUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo Tuesday 7 December 2010 9:08 pm BORIS FUND BREAKFAST CLUB MEETS AT SAVOY last_img read more

Interest rates to stay at 0.5 per cent

first_img Share Interest rates to stay at 0.5 per cent Tags: NULL THE Bank of England’s Monetary Policy Committee has voted to keep interest rates unchanged and make no new quantitative easing purchases in its December monthly meeting.The decision is in line with market expectations. None of more than 60 economists polled by Reuters last week expected a change to the 0.5 per cent interest rate and £200bn of bond purchases that have been in place since February.Despite a bailout for neighbouring Ireland, the UK’s economic outlook has changed little since November’s MPC meeting.Manufacturing activity has been strong following robust overall GDP growth of 0.8 per cent in the third quarter, but consumer price inflation has risen further above its two per cent target, to 3.2 per cent. The BoE will not publish details of the MPC’s vote or discussion until December 22, but most economists expect a repeat of last month’s three-way policy split.MPC member Andrew Sentance has said since November’s meeting that he still saw a need to raise interest rates, while his dovish counterpart Adam Posen reiterated his call for an extra £50bn of asset-buying.Most economists do not expect rates to rise until late 2011, and only see more printing of new money if looming government spending cuts cause a bigger-than-expected economic slowdown next year.The BoE forecast last month that it would take until early 2012 for inflation to return to target, in part because value-added tax on most goods and services will rise by 2.5 percentage points in January. 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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan 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 Herald Thursday 9 December 2010 7:23 am center_img 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 Proof whatsapp whatsapp Show Comments ▼ alison.lock last_img read more

Obama woos JP Morgan exec

first_img Obama woos JP Morgan exec Tuesday 4 January 2011 7:17 pm whatsapp Share US PRESIDENT Barack Obama is considering tapping JP Morgan Chase executive William Daley for a senior role in the White House, such as chief of staff. Daley, who is Midwest chairman of JP Morgan Chase and head of corporate social responsibility, was also a former commerce secretary. If he were chosen, the move would help satisfy a clamour in the business community to have greater representation for private industry within the administration.Daley would bring with him a breadth of experience in business. He serves on the board of Boeing and has served in the past as director at Merck. He is also a past president of SBC Communications.A source close to the matter cautioned that no decision had been made. Obama, on the last leg of his Hawaiian vacation, has been considering an array of staffing decisions during his break.One of the biggest decisions confronting him when he returned yesterday is a replacement for top economic adviser Larry Summers. Democratic sources say senior Treasury official Gene Sperling has emerged as the leading candidate.Many businesspeople had hoped Obama would fill Summers’ job as director of the National Economic Council with a private sector figure, but Sperling’s career has been heavily focused on public policy.In another staff move, Obama is weighing whether to elevate Ron Bloom to a broader manufacturing post at the White House. The leader of Obama’s automotive task force is currently focused on overseeing the restructuring of GM and Chrysler. Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity 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 KCS-content More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort 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.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKansas coach fired for using N-word toward Black playerthegrio.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Tags: NULLlast_img read more

Royal boost for Stanley Gibbons

first_img whatsapp Show Comments ▼ More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comBrave 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Monday 17 January 2011 8:29 pm Collectibles group Stanley Gibbons is anticipating a jump in sales, fuelled by items to mark the wedding of Prince William and Kate Middleton, it said yesterday. The Royal Wedding will take place at Westminster Abbey on 29 April, and the company expects to sell lots of first day covers, stamps and other collectibles. It recently added to its portfolio by buying Benhams, a first day cover and mail order collectibles business, from Flying Brands for £1.5m. The company said: “Our recent acquisition of Benham has proved timely following the announcement of the Royal Wedding. This business stands to benefit from sales of associated first day covers and other collectibles.” Analysts expect the wedding to boost the economy by £600m. 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.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Adscenter_img KCS-content Royal boost for Stanley Gibbons Share whatsapp Tags: NULLlast_img read more

BP expected to restore dividend

first_imgThursday 27 January 2011 11:04 am whatsapp 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe 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 AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads Sharecenter_img Oil giant BP is expected to reinstate its dividend when it unveils fourth quarter earnings on Tuesday, after it cancelled the payout at the height of the oil spill last summer.Analysts predict BP will announce a payout of seven cents a share for the quarter, down from the 14 cents/share dividend for the fourth quarter of 2009.“The key announcement for BP will be whether the company restores the dividend. We expect it will be able to do so, given robust cashflows and reasonable progress on the divestment plan,” Oswald Clint, oil analyst at Bernstein, said.BP’s fourth quarter earnings are expected to be “solid” despite the impact of the spill, Gordon Gray at Collins Stewart said. Show Comments ▼ whatsapp BP expected to restore dividend John Dunne last_img read more

Aegon plans €1bn rights issue and US insurance sale to repay Dutch state aid

first_img Aegon plans €1bn rights issue and US insurance sale to repay Dutch state aid whatsapp Show Comments ▼ Tags: NULL KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp Share Thursday 24 February 2011 8:12 pm DUTCH life insurer Aegon is to raise about €1bn (£850m) from a share issue to help repay €2.25bn of state aid by the middle of the year.The repayment would free Aegon from EC restrictions imposed on companies that received government cash during the credit crisis.“After repayment the limitations that were imposed on us will disappear,” Aegon’s chief executive, Alex Wynaendts said, adding “we can put the crisis behind us”.The removal of state shackles will allow Aegon and other Dutch financial services groups to go on the prowl once again for acquisitions and give them more room to compete.The Dutch government paid nearly €40bn to rescue the domestic financial sector in 2008 when it provided capital injections for Aegon, ING, and SNS Reaal and was forced to nationalise ABN AMRO.Aegon received €3bn of state aid in 2008.The company said its share issue of 173.6m shares – about 10 per cent of its common share capital – would begin yesterday via an accelerated book build.Aegon, also one of the top 10 life insurers in the US, where it owns Transamerica, said in a statement it was in talks with one party to sell the reinsurance unit of Transamerica, a plan which it had announced last year. last_img read more

FTSE nudges higher as late rally boosts stocks

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org A late afternoon rally nudged Britain’s top share index into positive territory yesterday, as investors eyed geopolitical turmoil in the Arab world and favoured defensive stocks.The FTSE 100 closed 0.98 points firmer at 5,974.76, having flirted with the key psychological 6,000 level earlier in the session after Kuwait’s oil minister said OPEC was considering boosting production.While this helped pare crude prices, traders said investors were focused on longer-term implications as Libya threatens to dissolve into civil war, and as tensions persist elsewhere in the region.After yesterday’s short rally, analysts warned that a break above February’s highs was crucial for the index to maintain its upward momentum.“I think we could well have seen the highs at 6,100. If the FTSE doesn’t break above those highs in the next month or so, I think we could see a correction lower down to round about 5,600,” Michael Hewson, market analyst at CMC Markets, said.“Among the favoured equity plays was a move from more cyclical stocks into defensives, said Manoj Ladwa, senior trader at ETX Capital.“I know Morgan Stanley came out with a note earlier on recommending that clients move that way as well, so that’s certainly a theme that we’re seeing today.”Defensive telecommunication firms Vodafone and BT Group were among the top blue chip performers, up 1.8 per cent and 4 per cent respectively in high volumes. Traders cited Morgan Stanley upgrades on the pair.Randgold Resources was the sharpest blue-chip faller, dropping 8.2 per cent, with traders saying trouble in Ivory Coast, where it has operations, was hurting it. whatsapp Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal 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 TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndo FTSE nudges higher as late rally boosts stocks center_img Tags: NULL Share whatsapp Tuesday 8 March 2011 7:09 pm KCS-content last_img read more

Shell exec pay up as growth plan revealed

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Show Comments ▼ Share Tuesday 15 March 2011 8:25 pm Shell exec pay up as growth plan revealed OIL giant Shell laid out ambitious production growth goals yesterday, as it revealed bumper 2010 bonuses for its top executives. Shell said it aims to invest $100bn (£62.4bn) in new projects over the next four years, to help boost production by 12 per cent to 3.7m barrels of oil per day by 2014.The firm said it is scoping out more than 30 new projects with potential for more than 1m barrels per day each to try and keep up with surging demand for fuel. The firm said its asset disposals will continue this year, with up to $5bn of assets for sale.Chief executive Peter Voser made €5.5m (£4.75m) in cash, bonuses and benefits last year, up from €3.16m in 2009 when he took the top job. His €3.75m bonus was more than double that of 2009, when a shareholder rebellion forced a pay freeze.Head of upstream Malcolm Brinded saw his overall pay rise by a third to €5.05m. The firm’s “scorecard” for executive director bonuses showed that all targets apart from sustainable development, which counts towards 10 per cent of performance-related pay, were met in 2010. “Overall this update is as the market would have anticipated…2011 is a ‘transition year’ for Shell ahead of project delivery in 2012 and beyond, “ said BNP Paribas analysts in a note. Shell’s A-class shares lost 0.9 per cent in London trading yesterday. whatsapp KCS-content whatsapp Tags: NULLlast_img read more

Mothercare warns of tough times ahead

first_img More From Our Partners Police 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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com BRITISH mother and baby products firm Mothercare joined the ranks of store groups warning on the trading outlook as Britons start scrimping on spending for their children.The group, which issued a profit alert in January, said it expected continuing weak demand after sales at UK stores open over a year fell 2.4 per cent in the 12 weeks to 26 March, its fiscal fourth-quarter.Mothercare also forecast UK gross margin for the 2010-11 year would be down 2.5 per cent, 0.5 per cent lower than previous guidance, reflecting price cuts to clear autumn and winter stocks.It will target cost savings to offset input cost pressures on gross margin and look for benefits from its property strategy in addition to the £10m already identified.“Currently in the UK we have very poor consumer demand… Footfall is much lower and as a result competition is more aggressive,” chief executive Ben Gordon said.Mothercare’s UK woes overshadowed continued strong growth overseas, where franchisee retail sales increased 10 per cent in the fourth-quarter.The firm said it expected the 894-store international division to continue its rapid growth with at least 150 new stores opening in 2011-12. Thursday 31 March 2011 8:01 pm KCS-content whatsapp Share Mothercare warns of tough times ahead Show Comments ▼ Tags: NULL whatsapplast_img read more