Lloyd’s insurers in Stanford case

first_imgMonday 23 August 2010 8:40 pm whatsapp Lloyd’s insurers in Stanford case Tags: NULL Share whatsapp Show Comments ▼ Lloyd’s of London insurers will today try to save themselves $100m (£64m) in payouts to alleged fraudster Allen Stanford and his three associates by proving they are guilty of money laundering. Establishing guilt would mean the insurance companies will be able to begin clawing back the Stanford Financial?Group executives’ legal bills. Stanford, Laura Pendergest-Holt, Gilbert Lopez and Mark?Kuhrt were last year accused by the Securities and Exchange Commission of running a $8bn Ponzi scheme by selling fake deposit papers. 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.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller 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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com KCS-content last_img read more

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WHAT THE OTHER PAPERS SAY THIS MORNING

first_img WHAT THE OTHER PAPERS SAY THIS MORNING whatsapp KCS-content Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald whatsapp Wednesday 25 August 2010 9:05 pm Share Show Comments ▼ FINANCIAL TIMES US CHAINS BEEF UP MEALS TO LIFT PROFITSFast-food chains in the US are rolling out more expensive premium products after two years of relentless focus on lower priced meals in the hope of recouping profit margins surrendered during the recession of 2008 and 2009. McDonald’s is selling a “smokehouse deluxe” burger in Canada priced at more than US$5.00 at close to 100 restaurants in the province of Ontario.UK COAL EXPECTS RETURN TO BLACKUK Coal said the end of lossmaking legacy contracts coupled with burgeoning production should return the group to profitability next year. However, pre-tax losses at the UK’s largest coal miner widened from £81.5m to £93.2m in the six months to June 26, on revenues down from £159.8m to £141.3m. OUTLOOK IMPROVES FOR FORTH PORTSOil producers’ safety concerns following April’s Deepwater Horizon accident in the Gulf of Mexico hit first-half throughput at two of the Scottish oil and gas terminals operated by Forth Ports, its chief executive said on Wednesday. Announcing interim results at the ports and property business, Charles Hammond said oil shipments through Hounds Point and gas exports through Braefoot Bay, both on the Firth of Forth, had fallen. DUBAI WORLD PLANS $19BN ASSET SALEDubai World has told lenders it could raise up to $19.4bn from selling its assets, in a bid to repay $14.4bn of the holding company’s debt, the terms of which it is looking to restructure, according to people close to the situation. In late July, the company set out its debt restructuring plan, including a time frame over which it would consider selling assets to raise funds to repay lenders.THE TIMESCONFUSED.COM FAILS TO COMPARE TO A TENORConfused.com lost the battle of the price comparison websites in the first half, ceding the market-leading position in online car insurance to its upstart rival GoCompare.com. Confused.com, owned by the Admiral Group, has been locked in a high-profile TV marketing war with GoCompare.com.IT COMPANY THAT AXED 700 JOBS HAS 700 NEW VACANCIESHewlett Packard, a global computer company that axed 700 jobs last year at its factory at Erskine, Renfrewshire, has announced that it is to create 700 new jobs there. The remarkable turnaround by Hewlett Packard exemplifies global trends in manufacturing, for while the lost jobs were in making computer equipment.The Daily TelegraphAPPLE TAKES A BITE AT HULU WITH TV SHOW RENTALApple is poised to unveil a major revamp of its Apple TV offering, a make-over which includes giving US users the option to rent – rather than buy – programmes for as little as 99 cents. The consumer technology giant is reported to be talking to a number of US television networks about its proposals, which could be announced as early as next month.ROEWE CASHES IN ON MG ROVER’S BRITISH HERITAGEFive years ago, the last car stuttered off the production line at Longbridge as MG Rover, Britain’s last major car manufacturer, collapsed ignominiously. Today, however, sales of Rover’s twin brother, the Roewe, are soaring in China. And the white gates of Longbridge are open again, producing a new MG6.WALL STREET JOURNALCOST SAVINGS, SALES HELP L’ORÉAL’S FIRST-HALF PROFITL’Oréal, the world’s largest cosmetics company by revenue, said Wednesday its first-half profit jumped 21 per cent, as a sharp sales increase and drastic cost cuts drove a rebound. The French company, owner of such brands as Maybelline, L’Oréal Paris and Lancôme, said net profit reached €1.31bn in the first six months of the year, up from €1.08bn a year earlier.RUSSIA’S AUTO MARKET PICKS UP SPEEDRussia’s car market is rebounding more quickly than expected, buoyed by a return of cheap credit and a successful government scrappage scheme, top auto makers said on Wednesday. Car sales in the country are up 9 per cent for the first seven months of the year compared to the same period in 2009. last_img read more

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Five ministers cut early deal with Treasury

first_imgThursday 23 September 2010 8:32 pm FIVE?departments have agreed budget cuts with the Treasury ahead of the comprehensive spending review (CSR), as the government gears up for the toughest fiscal tightening in Britain’s peacetime history.The foreign office, cabinet office and the Treasury itself have all reached early agreements on cuts. The department for communities and local government and the environment department have also cut an early settlement with the Treasury. The CSR?will take place on 20 October.Foreign secretary William Hague and cabinet office minster Francis Maude will now join George Osborne and chief Treasury to the secretary Danny Alexander in a “star chamber” to assess other department’s spending plans. Communities secretary Eric Pickles and environment secretary Caroline Spelman are also expected to sit in the chamber. Most government departments will have to slash their budgets by around 25 per cent in real terms over the next five years as part of spending cuts announced in the chancellor’s emergency budget in June.The five departments have relatively low annual spending compared to ministries like defence, transport and welfare, where a much fiercer battle is likely. Share 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 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Tags: NULL KCS-content Show Comments ▼ whatsapp whatsapp Five ministers cut early deal with Treasury last_img read more

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CITY VIEWS: SHOULD BANKS TONE DOWN THEIR BONUSES WHILE THE GOVERNMENT IS CUTTING PUBLIC SECTOR PAY?

first_img 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 Share KCS-content CARL PEREIRA | CS TRAVEL“They shouldn’t be entitled to a bonus at all. The rest of us are happy with just getting wages, never mind a bonus for simply doing our job. I don’t think bigger bonuses are a sign of an improving economy that we should celebrate – it’s a sign a banker’s gamble has paid off.”JANE CASSIDY | CHARTERED ACCOUNTANT“I think banks bring a lot to this country, not least the 50 per cent tax on their bonuses. They are not all to blame for the downturn, and banks are the backbone of the country’s economy. It’s also unfair to come down on the individuals.”JEREMY SCOTT | JMS FINANCIAL“Yes, I think they should reduce their bonuses. It seems like the right thing to do, particularly when the banks themselves are still in trouble. It would be a wise move too, given public opinion on flashing lots of cash at the moment. I would think twice about taking a bonus.” Wednesday 6 October 2010 7:38 pm whatsapp Show Comments ▼ CITY VIEWS: SHOULD BANKS TONE DOWN THEIR BONUSES WHILE THE GOVERNMENT IS CUTTING PUBLIC SECTOR PAY? Tags: NULLlast_img read more

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Barrick hit by criminal gang

first_img More From Our Partners Puffer fish snaps a selfie with lucky divernypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Thursday 14 October 2010 9:16 pm whatsapp KCS-content whatsapp Share Show Comments ▼ African Barrick Gold yesterday slashed its 2010 production target for the second time in three months after claiming it had discovered alleged fuel theft at its new Buzwagi mine, sending its shares down.The company said it discovered a criminal syndicate had infiltrated the open-cast pit and was allegedly stealing fuel there. It has suspended 60 employees and contractors, about 40 per cent of the mining staff at the mine. The suspension meant another delay in accessing the high-grade areas of Buzwagi, cutting 10,000 ounces from the mine’s third-quarter output and about 30,000 ounces from full-year production.The group had reduced its previous target in July from an original estimate of 800,000-850,000 ounces due to delays in accessing higher-grade ores from Buzwagi.The arm of the world’s biggest gold producer, Barrick Gold Corp, said it now expected full-year production to be similar to last year’s 716,000 ounces.Shares in the group fell nearly a tenth, or 59.5p, to 564p. The shares have shed nearly a fifth of their value since peaking in June. Barrick hit by criminal gang Tags: NULLlast_img read more

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RECORD PRODUCTION FROM RIO

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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org KCS-content Show Comments ▼ whatsapp RECORD PRODUCTION FROM RIO MINING giant Rio Tinto yesterday said it produced record quantities of iron ore in the past quarter as China’s insatiable appetite for raw materials boosted demand. The Anglo-Australian group said it produced 47.6m tonnes of the ore in the three months to September. It also reported record production of alumina and coking coal. center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Thursday 14 October 2010 9:25 pm Share whatsapp Tags: NULLlast_img read more

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WHAT THE OTHER PAPERS SAY THIS MORNING

first_imgMonday 18 October 2010 8:44 pm WHAT THE OTHER PAPERS SAY THIS MORNING KCS-content 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?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 TimesUndocenter_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp FINANCIAL TIMESCANDOVER POISED TO PULL PLUG ON THEME PARK Candover, the private equity group, is on the brink of ditching plans to sell or float Parques Reunidos, the Spanish theme park operator, after offers from rival buy-out groups came in below its €2bn ($2.8bn) price tag. Apollo Management and a consortium of Advent International and the Carlyle Group both submitted final bids for Parques on Friday. But the two offers were below Candover’s asking price for the operator of 69 theme parks in Europe and the US.TERRA FIRMA SPENDS €670M ON SOLAR ENERGYTerra Firma, the UK private equity group, has sealed its third renewable energy deal by acquiring Italy’s biggest solar power company from Terna, the Italian national grid operator, for as much as €670m (£588m).FORD TO SLASH MAZDA STAKEFord is preparing to sell most of its remaining interest in Japan’s Mazda in a move that would all but end the carmakers’ 31-year capital alliance. Ford wants to reduce its 11 per cent stake in Mazda to less than three per cent, according to people familiar with the matter. The total stake would be worth about $372m at the current market price. The US carmaker controlled 33 per cent of Mazda as recently as 2008 until collapsing motor industry sales forced it to sell assets to raise cash.GE PLANS RETURN TO US-MADE PRODUCTSGeneral Electric plans to invest $432m in four US centres that design and make refrigerators by 2014. The move will reverse a long-term trend of outsourcing its appliance manufacturing to places such as China. GE argues that a combination of US production quality and rising transport, currency and labour costs have made the moves practicable.THE TIMESPREMIER MULLS $500M BID One of Britain’s biggest independent oil explorers is mulling a $500 million bid for BP’s gas production business in Pakistan in an attempt to bolster its position in the troubled South Asian nation. Premier Oil has expressed an interest in the unit alongside Mubadala, the Abu Dhabi sovereign wealth fund, according to people familiar with the talks. OBAMA SET TO RATTLE CAMPAIGN TINAs fundraiser-in-chief for a party in dire need of money President Obama will embark tomorrow on a breakneck tour of the American West to rattle the campaign tin for five powerful allies locked in races that Democrats cannot afford to lose. Republican fundraising has surged in the third quarter of the year, erasing the financial lead that Democrats enjoyed three months ago.The Daily TelegraphCOWELL SECURES X FACTOR DEALHit reality television show The X Factor looks set to continue dominating Saturday viewing with the agreement of a new three year deal between ITV, Simon Cowell’s Syco Entertainment and the production group FremantleMedia. The broadcaster said it has also secured The X Factor and the exclusive UK broadcast rights to the American version of The X Factor and America’s Got Talent for ITV2. IPLAYER FOR RADIO COMING UK Radioplayer, the BBC-backed single online player for more than 400 UK radio stations, will be made available on YouView and other internet-connected TV set top boxes, post launch. The internet radio player, which will allow users to listen to more than 200 radio stations, is set to go live in February.WALL STREET JOURNALISRAEL DRILLS BIG GAS PROSPECT Oil companies in Israel, led by Texas-based Noble Energy Inc. this week are expected to start drilling one of the world’s most promising natural-gas prospects of recent years, according to executives. Seismic surveys show the Leviathan prospect, located 135 kilometers, or about 84 miles, off Israel’s northern coast, may hold 16 trillion cubic feet of natural gas, enough to supply all of Israel’s gas needs for 100 years. HUNGARY UNVEILS TAX PLAN Hungary’s populist leaders unveiled a new budget plan that singles out a handful of industries for large, temporary tax increases in an effort to raise funds and cut the state deficit. Prime Minister Viktor Orban acknowledged the proposed levies on telecom, energy and retail companies would send a “bad message” to investors. Share Tags: NULLlast_img read more

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Spending Review Reaction

first_imgWednesday 20 October 2010 8:18 pm whatsapp 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 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 TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald KCS-content Share Tags: NULL Show Comments ▼ Spending Review Reaction THE GILTS EXPERTKillik & Co provides advisory services to private investors of all sizes. It offers advice on a wide range of financial matters, including CFDs, equities, fixed income markets and funds of fundsINVESTMENT STRATEGISTPATRICK GORDON“The gilts market reaction has been fairly muted to the spending review although we did see a move earlier in the day in reaction to the unexpected rise in September public spending. In the background, the quantitative easing story is providing support and is keeping gilt yields low. Yesterday’s events had the potential to cause movement but they have not because expectations were largely met.”THE HEADHUNTERtaylor bennett is a leading executive search firm exclusively focused on corporate communications within the UK, continental Europe, Middle East and Asia.DIRECTORHEATHER MCGREGOR“Everybody knows these cuts are vital – nobody wants to see the country go the way of Greece or Ireland. The kind of clients we deal with at Taylor Bennett, the very high end private sector jobs, will be unaffected for the most part. However, there are going to be very few public sector jobs around so it will be very tough indeed for someone working in public sector recruitment.But if we want to avoid living in a banana republic, this is unavoidable.”THE RETAILERS’ VIEWTHE British Retail Consortium (BRC) is the lead trade association representing the whole range of retailers, from the large multiples and department stores through to independents. It is recognised for its influence within governmentDIRECTOR GENERALSTEPHEN ROBERTSON“These are serious plans to tackle the budget deficit and will remove some of the uncertainty which was driving down consumer confidence. Beginning to deal with the deficit now is right. Delays would just store up more pain for later, risking increased borrowing costs, higher taxes and more job losses. But individual households and communities will continue to be cautious until the impact on their future prospects is clear. Retailers need the government to communicate exactly how the cuts will be delivered as soon as possible so that they can make investment plans. It’s a tough judgement but the government has achieved the right balance between public spending cuts and tax increases. There are testing times ahead.”THE GOVERNMENT CONTRACTORSAS UK develops information delivery software, working on large outsourced government contracts as well as providing training and supportMANAGING DIRECTORIAN MANOCHA“Osborne’s rallying cry of ‘We must leave no stone unturned in our search for waste,’ is a positive one. If the public sector is to deliver on cuts, drive greater efficiencies, reduce fraud and error, and provide the services demanded of the public, then it must pinpoint wasteful practices and eliminate them.”THE SMALL BUSINESS CHAMPIONleading entrepreneur, champion of small business and BBC Dragon, says the government is right to follow the lead of successful companiesCHIEF EXECUTIVEJULIE MEYER“As any chief executive of any size company knows, you can and must keep costs in line, but at the end of the day, you can’t survive as a company unless you have a growth story. Countries are no different. That’s what entrepreneurs do – they build growth stories. So as the nation readjusts its costbase to the new reality, the entrepreneurs are hard at work building growth, creating jobs, and through that, channelling taxable corporate income into the Treasury.”THE TAX CAMPAIGNERTHE TaxPayers’ Alliance is Britain’s independent grassroots campaign for lower taxes, arguing that high taxation is bad for the economyDIRECTORMATTHEW SINCLAIR“It’s great news that the government is going ahead with necessary spending cuts to get the deficit under control and that politicians are finally setting out clear plans to deal with the fiscal crisis. Many wasteful programmes are being cut and that will mean savings for taxpayers now and in the future. Unfortunately a number of measures that would save significant amounts of money while minimising the impact on services haven’t been taken, like a freeze in the International Development budget or pay cuts for the best paid public sector staff. Sensible and necessary cuts have been announced today but more can be done to deliver good value for taxpayers.”THE BUSINESS LOBBYISTTHE CBI is the UK’s top business lobbying organisation, with influence over government, policymakers and legislatorsDIRECTOR GENERALRICHARD LAMBERT“The Chancellor has got the strategic direction of this spending review right. He has stayed the course outlined in the June budget, with economic growth a top priority. We particularly welcome the extra £2bn a year on capital spending, and the focus on areas that support growth. The spending cuts, though painful, are essential to balance the UK’s books and build its future prosperity.We will wait to see the legislation on taxing banks, but the Chancellor has recognised two crucial points. He said he did not want to drive banks abroad, and he recognised that hundreds of thousands of jobs in the UK depend on our competitiveness in financial services. It is essential that all policy makers recognise these important points. It is also vital that banks both rebuild their balance sheets and lend to companies, and excessive taxation would threaten both of these aims. The additional investment spending will improve the country’s critical infrastructure, create jobs and stimulate growth. The chancellor rightly emphasised the reform of public services. It is only with fundamental re-engineering that we will see the leap in productivity needed to save money and deliver high-quality services at the same time.We welcome the commitment of the coalition to tackle the spiralling cost of public sector pensions.”THE DIRECTORS’ VIEWthe Institute of Directors provides support and information for business leaders as well as political analysisDIRECTOR GENERALMILES TEMPLEMAN“We strongly support the government’s determination to stick to its overall plan of reducing public spending quickly. The only way we get a private sector recovery underway is through macro-economic stability, and this will only be achieved with sustainable public finances. Opponents of today’s spending reductions need to wake up to that fact. The alternative is a tax hike which would damage the economy in both the short and long term.If today’s spending review is to succeed the government will have to deliver fundamental root and branch reform which transforms the productivity of the public sector. We need to remember that if the public sector had matched the private sector’s productivity growth over the last decade, the deficit would now be £60bn less than it is. Less can be more.”THE TRADE UNIONISTThe tuc has 58 affiliated unions representing 6.2m workers in the UK. It holds political sway and has close ties with the Labour partyGENERAL SECRETARYBRENDAN BARBER“Right across government the Chancellor has announced eye-watering cuts that will have a desperate impact on communities, business and hard-pressed families. But he has not had the guts to spell out the detail, and instead tried to talk up a few crumbs of good news.Worst of all, to score a cheap party political point about Labour spending plans, he has loaded cuts on to benefits and welfare payments. Those who have not had a minister fighting their corner but who are most vulnerable to cuts have lost the most today. The poorest have become the victims of a political jape. But the biggest tragedy of all is that the spending review is likely to fail on its own terms. These cuts will depress the economy by causing a million job losses and undermining business and consumer confidence. There will be plenty of pain, but little to gain Public servants did nothing to cause the recession, but will pay a heavy price today. Their pay has already been frozen, now they face half a million job losses and increased pension contributions that will add up to a reduction in take home pay.With spending cuts likely to cause another half million private sector job cuts, the idea that they will all get shiny new private sector jobs is wishful thinking. And if you add all of those meant to be returned to jobs by welfare reform, you end up in the realm of fantasy.” last_img read more

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Collins Stewart sees growth despite lower trade volumes

first_imgTuesday 16 November 2010 8:29 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionmoneycougar.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 FollowAlphaCuteBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Healththedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Share whatsapp WEALTH management firm Collins Stewart yesterday said it had made steady progress since the first half of the year, as it reported total revenue increased nearly 30 per cent in the third quarter, despite difficult markets in which trading volumes in the US and UK remained subdued.The wealth manager said total revenues were £75m for the three months to 31 October compared to £58m in the second quarter. It added its net cash balance stood at £88m in the third quarter compared to £75m three months earlier.Projected financial performance for the period was 17 per cent ahead of the first half of 2010.Meanwhile, assets under management rose by almost £1bn to £7.6bn in the third quarter from £6.8bn in the previous quarter. The integration of both Corazon Capital and Andersen Charnley was also going according to plan, the firm said.Mark Brown, chief executive, of Collins Stewart said: “Markets are still pretty tough but we are now more than holding our own. We continue to strengthen the business with senior hires as we re-calibrate the group and equip ourselves for the opportunities ahead.”Shares in Collins Stewart closed 1.8 per cent lower at 80p following the announcement. whatsappcenter_img More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼ Collins Stewart sees growth despite lower trade volumes KCS-content Tags: NULLlast_img read more

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Retailers facing ill wind as weather threatens to scupper Christmas sales

first_img Retailers facing ill wind as weather threatens to scupper Christmas sales whatsapp KCS-content whatsapp Thursday 16 December 2010 7:56 pm Share Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof THE headache for retailers caused by the cold snap may get worse as a forecast return to freezing conditions threatens to keep shoppers away in the crucial run-up to Christmas.Weather experts predict a return of icy conditions this week following a brief thaw, which could force consumers to postpone festive purchases and retailers could struggle to make up any lost sales.“If there was more bad weather immediately before Christmas then that could well be more of a problem. It may not be a case of postponing the expenditure, they just may never spend the money at all,” Sam Hart, an analyst at Charles Stanley, said.The unusually cold weather, which brought snow and ice to many parts of the country and disrupted travel in the coldest November since 1993, has already hit business at retailers such as HMV and JJB Sports. About a third of all festive shopping in Britain is done in the two weeks before Christmas, according to research by GfK NOP. The market research group said the return of cold weather could plunge retailers into the red. “I think clearly this is going to impact quite severely if this [cold] weather persists,” said Richard Hyman, strategic retail adviser at Deloitte. Tags: NULLlast_img read more

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