Vodafone may sell minority assets after investor pressure

first_imgThursday 9 September 2010 8:38 pm Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share KCS-content Vodafone may sell minority assets after investor pressure whatsapp whatsapp VODAFONE, the world’s largest mobile operator by revenue, is to simplify its structure following a drive to overhaul its portfolio after investor complaints.The company had said in July it would reconsider its strategy and look to “maximise shareholder value”, with analysts expecting it to seek to sell certain minority-owned assets. Vodafone, which this week sold its 3.2 per cent stake in China Mobile for $6.5bn (£4.2bn), said yesterday it would cut its operating regions to two from three and hold outside the regional structure its main minority stakes in other operators.Its stakes in US operator Verizon Wireless, France’s SFR, Polkomtel in Poland and India’s Bharti would now be held separately, it said, but added that this did not mean it had decided what to do with these assets.Vodafone said from 1 October it would remove management layers and have two operating regions compared with the three it has previously used. Europe will comprise one unit and Africa, Middle East and Asia Pacific the other.Chief executive Vittorio Colao and his finance director will work together to maximise value from minority investments including Verizon Wireless, SFR, Polkomtel and Bharti Holding, the company said. Show Comments ▼ Tags: NULLlast_img read more

Kier forges ahead with healthy order book

first_img whatsapp Construction firm Kier said it had entered the new financial year with healthy order books after posting full-year pre-tax profit up 11 per cent.The firm said it had a strong order book for its construction and support services units at £4.2bn, and a record net cash position of £175.2m.It posted full-year pre-tax profit of £58.4m and revenue of £2.1bn. Analysts were expecting pre-tax profit of £55.5m and revenues of £2.1bn. “Market conditions in 2011 will remain challenging for all our businesses,” it said. “However, with our strong track record of delivery and our innovative financing and planning skills, we expect to continue to grow our UK market share, particularly in construction and support services.”The construction and support services sector was hit hard by the financial crisis and more cuts in contracts loom when the full extent of the Government’s belt-tightening becomes clear.Kier, however, said in July that it had seen a rebound in private sector work and would manage public spending cuts by investing in non-discretionary areas such as power and utilities.It posted full-year pre-tax profit of £58.4m and revenue of £2.1bn. Analysts were expecting pre-tax profit of £55.5m and revenues of £2.1bn. Thursday 16 September 2010 4:12 am Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULL Show Comments ▼center_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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Kier forges ahead with healthy order book John Dunne last_img read more

Kingfisher in warning over tough times

first_imgThursday 16 September 2010 8:26 pm Share KCS-content KINGFISHER yesterday said that it had beaten its first half profit forecast – but the home improvement giant warned that consumer confidence would not be fully restored until at least 2012.The B&Q owner made a pre-tax profit of £354m in the 26 weeks to 31 July, which it achieved through cost cutting rather than shifting more goods. Sales in the UK have been flat while the company’s Castorama and Brico Depot chains in France have performed better, according to the company. But B&Q, which makes up just over 40 per cent of Kingfisher’s turnover, saw like-for-like sales fall 3.7 per cent to £2.3bn in the six months to the end of July.Chief executive Ian Cheshire said that things were not “catastrophically negative” in the UK but that things were “bumping along the bottom”.He added: “In the UK the political uncertainty did not help. What happens now with people’s jobs is the most important thing for consumer confidence. “We expect 2011 to be difficult with things picking up in 2012. Our continued profit growth will come from our well-established self-help initiatives.”Those measures include saving money by looking at the way the company sources its products. Customers will also feel the impact as Kingfisher expects to raises prices by an average of two per cent across its product ranges. whatsapp Kingfisher in warning over tough times center_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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-Today Show Comments ▼ Tags: NULL More From Our Partners Killer 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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapplast_img read more

IMF warns that global economy growing less than forecast

first_img John Dunne IMF warns that global economy growing less than forecast Wednesday 6 October 2010 11:02 am whatsapp Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap whatsapp Sharecenter_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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Show Comments ▼ The global economy will grow more slowly than previously expected next year, the International Monetary Fund (IMF) has said.It forecast GDP would increase rise by 4.2 per cent in 2011, down from an earlier estimate of 4.3 per cent.The IMF warned that the global recovery was tentative.Earlier in the week it said that the global financial system remained the weak link in the economic recovery. Tags: NULLlast_img read more

BEST OF THE BROKERS

first_imgWednesday 20 October 2010 7:27 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Share WHITBREADEvolution Securities has upgraded Whitbread to “buy” from “hold” following the publication of its interim results on Tuesday. The broker said it had emerged from the recession in good condition with a strong platform for growth. It upgraded its EPS forecasts by 4.5 per cent and 5.1 per cent for FY11 and FY12 respectively increasing its target price to 1,850p.CARETECH HOLDINGSNumis has reiterated its “buy” recommendation and 530p price target on Care Tech. The broker said this was because of the move to protect the social care budget in the Comprehensive Spending Review. The fact the government will, over time, become a purchaser of services rather than a provider also suggested local authority care homes will be privatised.SCHNEIDER ELECTRICS&P Equity Research has upgraded its rating on Schneider Electric from “hold” to “buy” following the release of its third quarter sales figures. It has also raised its h target price to €113 from €97 on solid growth, and raised full year earnings guidance. Group sales rose 12 per cent year-on-year in the third quarter driven by emerging markets and recovery in Europe. whatsapp BEST OF THE BROKERS center_img Tags: NULL whatsapp More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.org KCS-content Show Comments ▼last_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_imgMonday 1 November 2010 9:37 pm whatsapp Tags: NULL FINANCIAL TIMESLEASE FEARS FOR OFFSHORE WIND FARMSWind farm operators building offshore risk having their leases terminated without compensation if oil and gas companies decide they need the seabed plot for exploration, drilling or pipelines. Industry executives are warning that the lease terms, issued by the Queen’s Crown Estate, could threaten the funding of future projects and undermine the pledge by David Cameron, prime minister, to be a “world leader” in the industry.PET SHOP BUYSCognetas, a London-based private equity group, will announce its first new deal for more than two years today with the purchase of Arca Planet, Italy’s leading pet accessories store. Cognetas has suffered a string of setbacks in recent years, losing control of several companies that fell victim to the economic downturn.DEFENCE GROUPS URGE FRANCE-UK TIE-UPLeading defence contractors in Britain and France want today’s summit between David Cameron, the UK premier, and Nicolas Sarkozy, the French president, to boost bilateral industrial collaboration to help create a new generation of surveillance and combat aircraft. BAE Systems and Dassault have told both leaders collaboration is essential if both countries are to develop the aircraft.DEMAND FOR BOLTON FUND DRIVES PREMIUMDemand for Anthony Bolton’s new fund has been so strong that the board has said it is considering ways to make the shares less expensive. Shares in the Fidelity China Special Situations fund hit a premium of nearly 13 per cent to their net asset value in trading on Monday.THE TIMESDEAR VINCE, WE HAVE A SERIOUS GROWTH PROBLEMA flagship coalition policy to promote economic growth could be a “failure in large parts of England”, a leaked letter from the minister in charge has warned. The introduction of local economic partnerships (LEPs) has caused “strong concerns” among business leaders and could be “in danger of failing to aid economic growth”, according to Mark Prisk, the Business and Enterprise Minister. PREMIUMS ARE RISING, BUT NOT ENOUGH FOR THE CAR INSURERSBritain’s car insurers are set to suffer a second year of heavy losses, despite pushing up some premiums by as much as 20 per cent. In a report published today, Deloitte predicts the industry will continue to haemorrhage cash until 2011 because it is not raising premiums quickly enough.The Daily TelegraphPICKENS BACKS $4BN BUY-OUT OF BG PARTNER EXCOT Boone Pickens, the Texan oil billionaire, is one of three major shareholders backing a $4.4bn (£2.7bn) management buy-out at Exco Resources. The US shale gas giant last year formed a partnership with Britain’s BG Group, but its share price has fallen 30 per cent since then on weak prices. TRADE CREDIT INSURANCE FOR SMALL BUSINESSES LAUNCHEDTowergate is offering trade credit cover aimed at small businesses and is letting them self-police customers over late payment. The insurance designed specially for small businesses product costs almost half the typical annual premium and covers up to £350,000 of turnover from the risk that a customer becomes insolvent and cannot pay.WALL STREET JOURNALGM IPO TO CUT US STAKE BELOW 50%General Motors . plans to sell $10 billion worth of stock, or 24 per cent of its total shares, in its initial public offering later this month. The plan would see the US Treasury sell $7bn of its shares in the car maker. That would cut the government’s stake, which it obtained in last year’s bailout, below the symbolically important 50 per cent from its current 61 per cent.PROBE IN TURKEY FOLLOWS TV REMARKSTurkey’s stock market watchdog opened an investigation yesterday into Mark Mobius, a major investor in Turkish assets, after his remarks last week predicting a sharp correction in the Turkish market. In the interview, he said Turkish assets faced a correction by the end of the year amounting to 15 per cent to 20 per cent. The next day shares fell 3.1 per cent. Share WHAT THE OTHER PAPERS SAY THIS MORNING 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 Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider KCS-content Show Comments ▼ whatsapplast_img read more

CITY VIEWS: HAVE YOU NOTICED THE RISE IN THE COST OF CLOTHES?

first_imgWednesday 3 November 2010 9:27 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan 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 Share STUART ESSEX | XL INSURANCE“I don’t think prices have gone up, or at least I haven’t noticed any massive change. There’s a lot of competition between clothes shops in the City, so there tends to be lots of special deals. But I have seen the price of food rising.” PHIL SPRATT | ACCENTURE“Not that I have noticed. I don’t tend to shop that much for clothes, though. I hadn’t heard anything about the price of cotton rising, but I would have thought it would only affect the price of a piece of clothing in a small way.” DEAN O’CONNOR | AVIVA“I would say prices have gone up in the last couple of months. It feels like there are fewer special offers around. I tend to buy clothes in batches, and when I bought some work clothes recently I felt some difference. I had heard the price of cotton had risen quite a lot.” More From Our Partners Astounding 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.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.orgFlorida 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.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com KCS-content center_img Show Comments ▼ Tags: NULL whatsapp CITY VIEWS: HAVE YOU NOTICED THE RISE IN THE COST OF CLOTHES? whatsapplast_img read more

Merkel’s comments test EU patience

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Merkel’s comments test EU patience whatsapp KCS-content Thursday 25 November 2010 8:09 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.comcenter_img Share whatsapp Show Comments ▼ GERMAN chancellor Angela Merkel’s repeated interventions in the euro crisis have prompted anger among EU officials, who fear that Germany is turning its back on the Eurozone’s interests in favour of its own. Eurogroup chairman Jean-Claude Juncker said yesterday that he is “concerned that in Germany, the federal (government) and local authorities are slowly losing sight of the European common good”. European Central Bank official Ewald Nowotny has admitted that he is “irritated” with Merkel.Merkel has made several proclamations seen as unhelpful by EU officials, in particular her insistence on reiterating that private bond traders must share the burden of bailouts by accepting haircuts on their investments.TIMELINE | ANGELA MERKEL’S INTERVENTIONS29 October: Angela Merkel proposes that the new EU bailout mechanism include haircuts for private bond traders. 10 November: Merkel reiterates her position, followed by a reassurance that it would only apply after 2013. 18 November: Merkel says she is “completely convinced” that the measure must be adopted.23 November: Merkel says the euro’s situation is “exceptionally serious”.24 November: Merkel asks in Reichstag: “Have politicians got the courage to make those who earn money share in the risk as well?”25 November: Merkel rows back, saying “this is about a future crisis mechanism”, and won’t apply to current investors. Tags: NULLlast_img read more

US markets cheer in the new year

first_img KCS-content US MARKETS reached two-year highs yesterday, buoyed by a strong performance from the manufacturing sector.The S&P 500 closed up 1.13 per cent at 1271.87, while the Dow Jones Industrial Average finished up 0.8 per cent at 11670.75. The Nasdaq Composite added 1.46 per cent to 2691.52. Apple was one of the biggest winners, as its shares hit new record highs and Bank of America saw its shares leap 6.4 per cent.Manufacturing grew for the 17th straight month in December and the Institute for Supply Management report showed new orders rose, but factory sector employment slipped to a nine-month low.Oil prices also hit a 27 month high after predictions for colder weather. whatsapp Show Comments ▼ US markets cheer in the new year Monday 3 January 2011 11:25 pm Sharecenter_img whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com 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 Tags: NULLlast_img read more

Airport snow chaos costs BAA £24m

first_img KCS-content Tags: NULL Airport snow chaos costs BAA £24m whatsapp whatsapp Wednesday 12 January 2011 8:10 pm Share AIPORTS operator BAA said yesterday its handling of the heavy snowfall in December will cost the firm at least £24m in lost revenues and added costs. This figure could rise as airlines including Virgin Atlantic, Lufthansa and BMI pressure the company to compensate them for cancelled flights and widespread disruption, mainly at Heathrow. “Anyone who says we don’t have the financial incentives to do the right thing for passengers can see the extraordinarily painful cost to us,” said BAA chief executive Colin Matthews. He declined to comment on Virgin withholding its airport fees until at least March because of BAA’s performance during the snow storms.Matthews forfeited his bonus and set up an enquiry into BAA’s handling of the travel chaos at the end of December, which is due to report in March. BAA said around 40 per cent of its £24m hit came from supporting stranded customers, with most of the money spent on emergency accommodation. Most of the other 60 per cent was caused by lost revenue from cancelled flights.British Airways, Heathrow’s largest airline by number of flights, said last week it had lost £50m throughout the eight days of snow-stricken services. Passenger numbers at BAA’s six UK airports were down 10.9 per cent to 7.2m in December compared to last year, which the firm said was almost entirely due to the weather. Its annual passenger figures fell 2.8 per cent to 103.9m, as industrial action and volcanic ash disruption led to more cancelled flights. Shares in BAA’s parent firm, Spanish-based Ferrovial, closed three per cent up at €7.95 (£6.61). 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 Show Comments ▼last_img read more