Reposessions are still falling

first_imgThursday 12 August 2010 7:54 pm KCS-content Tags: NULL whatsapp Share More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com THE Council of Mortgage Lenders (CML) has revised down its forecast for the number of borrowers who either fall behind in mortgage payments or lose their homes through repossession this year. The CML now expects 39,000 repossessions and 175,000 mortgages to end the year in arrears of 2.5 per cent or more, down from its previous forecast of 53,000 and 205,000 respectively.The revision comes after news that mortgage repossessions continued to fall in the second quarter. There were 9,400 repossessions, down from 11,800 in the second quarter of 2009. But the CML warned against complacency and said that yesterday’s headline figures masked differences in health between arrears bands. For example, there has been an improvement in the lowest arrears category – between 1.5 per cent and 2.5 per cent of the total balance. But the number of mortgages in arrears of 10 per cent or more has remained static, the CML said. Although yesterday’s news was welcomed, some industry analysts are still concerned about the future. “With interest rates possibly due to rise next year and some borrowers trapped on their lenders’ standard variable rates, arrears and repossessions may actually deteriorate now, even as economic recovery continues,” said David Newnes, estate agency managing director of property firm LSL. CML director general Michael Coogan said government budget cuts could reduce debt advice funding and government mortgage rescue schemes: “While we don’t want to cry wolf, it seems obvious that the ongoing prognosis for arrears and possessions is far from a healthy all-clear.” Show Comments ▼ Reposessions are still falling whatsapplast_img read more

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Ofcom could probe BSkyB

first_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com OFCOM could be asked to review News Corporation’s bid for BSkyB if a formal offer is made with business secretary Vince Cable likely to issue an “intervention notice”. The notice would order the watchdog to look at the impact of the takeover. News Corporation wants to take over the remaining 61 per cent of BSkyB it does not own. The corporation has already made two unofficial bids for BSkyB, the first valued the company at 675p per share, the second at 700p per share. Both were rejected by the broadcaster, which values itself at above 800p per share.News Corp is owned by Rupert Murdoch, and operates News International, which owns the Sun, the News of the World and the Times and Sunday Times newspapers in the UK.A Department for Business spokesperson told the BBC: “The secretary of state has not made a decision on this matter – indeed at this stage there is not even a decision for him to take. We will not be speculating on this issue.”A referral to Ofcom would charge it with looking at whether News Corp’s complete ownership of BSkyB would restrict the “plurality” and number of voices within the media. Share whatsapp Show Comments ▼ whatsapp KCS-content center_img Wednesday 15 September 2010 9:08 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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity 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 Ofcom could probe BSkyB Tags: NULLlast_img read more

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Biggest bank in Japan eyes overseas buys

first_img KCS-content whatsapp Mitsubishi UFJ Financial Group (MUFG), Japan’s biggest bank by assets, is looking to buy a 15 to 20 per cent stake in a bank in South Korea, Australia or Indonesia to tap the region’s growing economy, a senior executive has revealed.Tatsuo Tanaka, chief executive of global banking at Bank of Tokyo-Mitsubishi UFJ, the firm’s core banking unit, said yesterday that the bank was also eyeing five to seven midsize and 10-20 small US banks for possible acquisitions.He added that the bank would wait for more clarity on Basel III capital rules before it goes after a bigger bank.“In Asia, we are always looking for a target. Not necessarily to acquire but to take a stake,” Tanaka said. “We want to build relationships first as we search for a target.”MUFG and its domestic rivals Mizuho Financial Group and Sumitomo Mitsui Financial Group have been stepping up their overseas expansion in the face of weak growth prospects at home.Japanese banks emerged from the global financial crisis less scathed than some of their western rivals, but their main lending activities remain sluggish as businesses and households curtail spending amid economic uncertainty.Earlier this month, Mizuho, Japan’s second-largest bank, said it was looking to acquire commercial banks in Asia to expand in the fast-growing region, while expressing little interest in buying a US bank.Tanaka, 61, joined the Bank of Tokyo in 1973, rising through the ranks of corporate finance and overseas operations, including a stint in Hong Kong.MUFG is one of Japan’s most active lenders in overseas expansion with a sizable presence in the United States. It bought out UnionBanCal, a holding company of California-based Union Bank, in 2008 and spent $9bn (£5.8bn) for a 21 per cent stake in Morgan Stanley at the height of the financial crisis. Tuesday 21 September 2010 7:21 pm Tags: NULL 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 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 PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe 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.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndocenter_img whatsapp Share Show Comments ▼ Biggest bank in Japan eyes overseas buys last_img read more

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Ignoring the deficit would be a disaster, Darling warns party

first_img Ignoring the deficit would be a disaster, Darling warns party 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 KCS-content ALISTAIR Darling yesterday warned of “disastrous consequences” if the Labour party ignores Britain’s £160bn budget deficit. Darling, who as chancellor pledged to halve the deficit within four years, said the party needed to set out a “credible plan with conviction and confidence”.He added: “People know there is a deficit, they know it needs to come down and if you deny that, frankly, people will not listen to you, they will walk away and it will have a disastrous consequence.”The former chancellor has previously said Labour lost the election because it was dishonest about the deficit. Darling’s remarks will be seen as a thinly-veiled attack on Ed Balls, the former schools secretary who argued for a slower pace of deficit reduction in the Labour leadership campaign. His comments come as new Labour leader Ed Miliband tries to convince his brother David, who he defeated in the contest to lead the party, to become shadow chancellor.But while David Miliband is fully signed up to Darling’s deficit reduction proposals, his younger brother this week said it was a plan that needed to be “improved”. David Miliband has refused to say whether he will serve in his brother’s shadow cabinet, leading to speculation he will quit frontline politics this week. Sources close to Ed Miliband are annoyed at his brother’s refusal to set out his position. “The will he stay, will he go show is a massive distraction,” a campaign aide said yesterday. Balls and wife Yvette Cooper are being considered as contenders for the top economic brief if David Miliband does quit. Monday 27 September 2010 8:25 pm Show Comments ▼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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Share whatsapp whatsapp Tags: NULLlast_img read more

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RBS exposed to Irish debt

first_imgSunday 3 October 2010 11:15 pm Share Royal Bank of Scotland will be the biggest loser should the Ireland fail to repay its debts, it has emerged. The 84 per cent state-owned bank holds a staggering £3.3bn of Irish sovereign debt – more than any other UK lender – and the figure is set to rise even further. Industry sources defended RBS’ position, claiming it was normal for a bank with such developed Irish operations to be so exposed to government debt. The cost of bailing out the Irish banking system could rise to as much as £43.6bn, according to finance minister Brian Lenihan. 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap 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.comHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Genius RBS exposed to Irish debt center_img Show Comments ▼ Tags: NULL KCS-content whatsapp last_img read more

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A PAT ON THE BACK FOR YEAR’S BEST ASSET MANAGERS

first_img TO THE glamorous surroundings of the Banqueting House on Whitehall last night for the annual Financial News asset management awards, where the most successful industry players of the year lined up to collect their respective gongs.Taking the top spot in the European asset management firm of the year category, one of the most coveted awards of the evening, was (for the second year running) Brevan Howard. The firm also added a hedge fund manager of the year award to its haul for good measure, though the double whammy didn’t manage to lure founder Alan Howard to show his face for the event. Then again, it’s a bit of a trek to Westminster from Geneva, where he relocated for tax reasons earlier this year.Also scoring double points last night was Jupiter’s diminutive but ebullient boss Edward Bonham Carter, who took both the chief executive of the year award and the gong for deal of the year, after successfully pulling off a flotation of his business on the London Stock Exchange earlier in the year.CHILD’S PLAYNo sooner had the awards finished than Bonham Carter was off over to a table on the other side of the room to congratulate one of the only other individuals to be recognised at the ceremony – Newton Investment Management’s chief executive Helena Morrissey, who was named the year’s most influential woman in asset management.Morrissey is famed in the City both for her marked success at the helm of Newton and for managing to raise no less than nine children at the same time as holding down a demanding career.Last night, having brought a tableful of female clients and colleagues along to celebrate her nomination “whatever the outcome”, Morrissey had a message of encouragement to other women in the profession.“I’m living proof that it is possible to combine the two – and fund management is a great career for women,” she told The Capitalist. “I’m also evangelical about encouraging other women, and I’d always tell them that if you want to achieve something and believe that you can, just go for it. As long as you still enjoy what you’re doing and you can put your hand on your heart and say you’re doing it for yourself, keep persevering.”Inspiring stuff.STAR TURNAmong the other names collecting awards for their performance over the year were M&G, which won the UK asset management firm award; Partners Group, which was named the best fund of funds group of the year; Rockspring, the property manager of the year; Aberdeen Asset Management, which won the emerging markets manager of the year gong; and Mercer, which took the investment consultant of the year award. Mercer’s Boris Mikhailov was also honoured with the most promising rising star gong, though he’s clearly already too busy raking in cash for the firm to take time out to attend an evening of entertainment.BlackRock took two separate awards for Nordic asset manager of the year and best ETF provider for its iShares business, as a consolation for boss Larry Fink losing his chief executive of the year crown to Jupiter’s Bonham Carter after holding it for the past three years. KCS-content Tags: NULL More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.com Show Comments ▼ whatsapp Wednesday 13 October 2010 7:58 pmcenter_img 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 TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndo Share A PAT ON THE BACK FOR YEAR’S BEST ASSET MANAGERS last_img read more

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Irish banks will offer to restructure

first_imgWednesday 8 December 2010 8:48 pm Irish banks will offer to restructure Show Comments ▼ KCS-content 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 Sharecenter_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald NATIONALISED lenders Anglo Irish and Irish Nationwide Building Society will submit a joint restructuring plan to the European Commission proposing they be merged and run down over time.The plan, which must be completed by the end of March, was one of the demands the IMF, European Commission and European Central Bank made as a condition for bailing out Ireland with an €85bn aid package last month.Senior executives from both institutions met officials from the finance ministry and the National Asset Management Agency (Nama), which was set up to manage banks’ soured commercial property loans, to prepare the plan. The plan will detail issues such as how to transfer Anglo Irish Bank’s 14bn deposits and Irish Nationwide’s €4bn elsewhere within the banking system.The future of staff at both institutions and the fate of the building society’s 50 branches will also discussed.The newspaper said the joint plan would explain how to handle bonds issued by Nama in return for the purchase of loans worth €43bn from the two institutions.Prime Minister Brian Cowen said Anglo Irish Bank’s deposits would be transferred out of the bank by January, but would remain within the state and that loans would be wound down over several years.Anglo Irish Bank will have about €38bn of loans following the transfer of €35bn in property and associated loans to Nama. Irish Nationwide will have €2bn in residential mortgages after transferring €8.5bn to Nama.A bailout of Ireland’s crippled banking sector is costing Irish taxpayers and the IMF tens of billions of euros after lenders aggressively pursued property developers during the boom. whatsapplast_img read more

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Homeowners relaxed about negative equity

first_img Homeowners relaxed about negative equity Show Comments ▼ IN the latest YouGov SixthSense Mortgages Report, mortgage holders were asked to estimate the current value of their household and cost of their mortgage. Ninety-one per cent who were able to give these figures were in positive equity with nearly one in ten recording a no equity or negative equity score.This data is in line with figures released Monday by the Bank of England which put the scale of negative equity at between four and five per cent of all UK mortgage holders: translating into approximately half a million UK households currently operating at levels of debt outweighing the value of existing assets.In addition to those in negative equity, the YouGov report puts eight per cent of mortgage holders in the “no equity” bracket – the point at which asset value just meets debt – translating into 1.5m households teetering on the brink of negative equity.When coupled with Bank of England figures that suggest one in five mortgage holders have debts exceeding 75 per cent of the value of their properties, it makes for a bleak forecast for lenders.The average level of negative equity among those in negative equity is £52,338. On this basis, these adults will not come out of negative equity until house prices rise by 37 per cent. Meanwhile, it would appear that negative equity is most severe for people who bought a property between 2000 and 2008, especially those buying at the peak of the market in 2005 to 2007.The graph shows that the negative equity is disproportionally present amongst mortgage holders below the age of 35 while a no equity status is a rarity over the age of 55.Despite this, mortgage holders would appear to be taking it all in their stride. When asked to rate their concerns about negative equity those in negative equity or with no equity appear pretty sanguine, the majority neither overly worried nor blissfully dismissive of the consequences.Stephan Shakespeare is chief executive of YouGov Tuesday 14 December 2010 8:42 pm Tags: NULL whatsappcenter_img KCS-content 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 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 HeraldPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice 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.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Share whatsapplast_img read more

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ANALYST VIEWS: WHY DID DIAGEO’S RESULTS LEAD TO A DROP IN SHARE PRICE?

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBe whatsapp Show Comments ▼ Thursday 10 February 2011 8:35 pm Sharecenter_img ANALYST VIEWS: WHY DID DIAGEO’S RESULTS LEAD TO A DROP IN SHARE PRICE? MARTIN DEBOO | INVESTECGiven the momentum around the stock in recent months, where we sense that enthusiasm for a gradual American recovery, buoyant M&A speculation and anticipation around a compelling first-half profit story have galvanised the share price. This is a a poor result with further hangovers to come. The market had assumed there would be an upgrade to the full-year earnings guidance.PHIL CARROLL | SHORE CAPITALWe expect that there may be some disappointment on the bottom-line performance with worries on how [Diageo’s operations in] Europe may fare during the rest of the year but some comfort may be taken from the reiteration of management’s profit guidance. Overall, we expect that there maybe some disappointment with worries on how Europe may fare over the year.RICHARD HUNTER | HARGREAVES LANSDOWNThe initial share price weakness belies a progressively strong underlying story. Whilst demand in Europe remains relatively weak, Diageo has continued to benefit from its geographical diversification. In all, Diageo may have narrowly missed estimates but prospects remain positive in what is a globally difficult environment. KCS-content whatsapp Tags: NULLlast_img read more

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Inditex sees profit soar by 32pc

first_imgWednesday 23 March 2011 6:36 am 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 Tags: NULL John Dunne 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 Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Zara retail chain owner Inditex has reported a 32 per cent surge in profit, fuelled by business in India and China.Inditex, the world’s largest clothes chain, saw annual profit hit 1.73bn euros (£1.5bn).The Spanish company, which has 55,000 stores in 77 countries, targeted Asia’s fast-growing economies in 2010.Sales in Asian countries accounted for 15 per cent of turnover last year, up from 12 per cent in 2009.Spain’s sluggish economy and high unemployment raised concerns among investors that Inditex would suffer in its home market.However, the company has managed to increase its market share in Spain. center_img Inditex sees profit soar by 32pc whatsapp Show Comments ▼ whatsapp Sharelast_img read more

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