BAA fends off strike with 2pc pay offer

BAA fends off strike with 2pc pay offer

first_img KCS-content BAA fends off strike with 2pc pay offer whatsapp Tuesday 17 August 2010 7:57 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.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 HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd Sharecenter_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA 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.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com THE UNITE union told its workers yesterday they should accept a pay offer by airport operator BAA, as strike action over the August bank holiday was averted. BAA has offered ground staff a two per cent pay rise plus a one-off payment of at least £500 depending on company results, the union said yesterday, following nine hours of last-ditch talks with mediator Acas. The deal is double a previous offer of a one per cent pay hike plus extra payments that were conditional on workers conceding their favourable sick pay arrangements. “The negotiations where tough but Unite has delivered a fair offer for BAA staff,” Unite heads Brian Boyd and Brendan Gold said in a statement.“The game is up for employers in the aviation industry. With the recession receding in the industry, Unite now expects BAA’s pay offer to set the standard.”The union will now ballot members on the pay offer, with a result expected within the next three weeks. The threatened walkout by firefighters, security staff and engineers would likely have shut BAA’s six British airports, which include Heathrow and Stansted, disrupting the plans of thousands of travellers at the height of the holiday season.“We believe this is a fair offer for staff in what remains a difficult economic environment for the aviation industry,” said BAA in a statement. “All parties brought a constructive approach to negotiations and we are sorry for the uncertainty ahead of yesterday’s discussions.”Air travellers still face disruption, however. British Airways, BAA’s largest customer, remains in dispute with Unite over cabin crew pay and conditions, which has resulted in 22 days of strike so far this year. Show Comments ▼ whatsapp Tags: NULLlast_img read more

David Miliband: The least bad option

David Miliband: The least bad option

first_img Share David Miliband: The least bad option ONE of the stories of the summer has been just how far the Labour party is moving to the left, as its leadership candidates appeal to grassroot members and trade unionists angry at the perceived betrayals of the Blair years. With the coalition’s honeymoon long since over, and the Lib Dems’ popularity in freefall, who takes over the Labour Party is a critical issue for Britain’s aspirational classes, including readers of this newspaper, as well as for London’s financial and business community. It is in this context that I recommend our interview with David Miliband on p17 – as well as our preview of Tony Blair’s explosive memoirs (see p3 opposite), where he decries his party’s return to hard-core statism.By the standards of the pre-recession economic debate, Miliband, who together with his brother and arch-rival Ed is one of the frontrunners for the leadership, is way to the left; yet in today’s anti-capitalist political atmosphere, he sounds almost (though not quite) centrist, the closest thing Labour has to an heir to Blair. He believes in some supply side reform of public services, hinting that Michael Gove, the Tory education secretary and one of the coalition’s few truly radical reformers, hasn’t gone fast enough with his support for academies. He backs Alistair Darling’s deficit reduction plan, which would halve it in four years; other candidates, including Ed Miliband, are dangerously equivocal on the matter. Like Blair, David Miliband understands that if Labour is to have any chance of winning again, it needs to appeal to the hard-working, struggling, striving middle classes won by Blair but lost by Gordon Brown. His brother Ed, by contrast, believes in returning the party to its “roots”, a neo-socialist strategy which would be electorally disastrous (especially in the private sector-dominated parts of England) as well as economically and financially destructive to the whole of the UK. Blair is right to argue in his memoirs, out today, that the previous government “could have gone on, had it not abandoned New Labour”; the only candidate who gets this, however incompletely, is David Miliband.So much for the goodish news. It remains unlikely that Miliband has the stomach for proper reform of public services – or, for that matter, for any other positive action. He is to the left of Brown’s government, and hugely to the left of Brown’s 1997 incarnation. We gave him ample opportunity during our interview to take positions to the right of the coalition on the 50p income tax rate or on returning capital gains tax to the 18 per cent it was under Labour. He wouldn’t bite. In truth, all of the Labour candidates are flawed. But anybody who cares for the future competitiveness and prosperity of this country should be hoping David Miliband becomes the next Leader of the Opposition. He is the least bad candidate – and that, after all, isbetter than nothing.KEYNES IS STILL DEADAnybody who still believes in Keynesian economics – and is therefore unduly worried about the UK’s public spending cuts – should take a look at Germany and America. The former, which at the height of the recession rejected demands by Gordon Brown to spend uncontrollably, is booming. The latter, under arch-Keynesian Barack Obama, is under-performing severely, despite (or because of) its massive budget deficit. Ever larger amounts of state spending is the problem – not the [email protected] KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropUndoAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoStudent SeaHilariously Relatable Family Photo FailsStudent SeaUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndo whatsapp Tuesday 31 August 2010 9:34 pm whatsapp Show Comments ▼ Tags: NULLlast_img read more

Q&A

Q&A

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan Q&A KCS-content Share Thursday 2 September 2010 8:51 pm whatsappcenter_img whatsapp Show Comments ▼ Q.WHAT IS BEING SET UP?A.Three agencies will be established to keep tabs on banks, markets and insurers next January. The new European Banking Authority will be based in London, Paris will be home to the European Securities and Markets Authority and the European Insurance and Occupational Pensions Authority will be in Frankfurt.The EU will also establish a European Systemic Risk Board, an agency of the European Central Bank in Frankfurt that will keep watch for threats to the economy such as property price bubbles or soaring country debts.Q.HOW MUCH POWER WILL THE NEW REGULATORS HAVE?A.To begin with, the power of the new financial sheriffs will be restricted.In limited circumstances, they will be allowed to overrule a national regulator such as Germany’s Bafin or Britain’s Financial Services Authority.They would, for example, have the final say in a tug-of-war between countries, such as that between Belgium and the Netherlands over the future of banking and insurance group Fortis, which was split up during the crisis.But countries will be allowed to veto any order if it would force them to spend money, a power which members of the European Parliament had attempted to overturn out of concern that it would give states a get-out, allowing them to undermine the new authorities.The bodies are, however, likely to gather more powers as Brussels rolls out its reform of financial services. The European executive has, for example, proposed giving the markets authority the power to impose short-selling bans. Q.HOW MUCH POLITICAL SUPPORT IS THERE FOR THE NEW REGULATORS?A. Setting up the new authorities has been one of the most contested elements of the EU’s financial reform. Coordination among national regulators was largely disbanded as capitals scrambled to protect their banks and savers during the crisis. Nonetheless Germany and Britain, two of the EU’s most important economic centres, were reluctant to surrender power to the agencies.The threat of a political veto to their rulings will likely discourage the new agencies from intervening in the regulation of banks in London or Frankfurt. The stability board is in an even weaker position as it does not have legally binding power. Instead it will rely on the power to “name and shame” to discourage behaviour that could lead to another economic crash. One source familiar with the group recently said, however, that it would be reluctant to publicly voice concerns over threats for fear that it could rattle investors.For example, a warning to a country whose borrowing is dangerously high will mostly take place behind closed doors.Q.IS THIS THE BEGINNING OF A EUROPEAN-STYLE SECURITIES AND EXCHANGE COMMISSION?A.Experts in European policy have called the setting up of the new authorities a historic development, but their power and influence is likely to fall some way short of the US Securities and Exchange Commission. The European bodies will have a legal mandate as well as the discretion to overrule a country regulator if they bend the rules that the new agencies are responsible for setting. But with a limited budget and headcount, many fear the new regulators may struggle to make their voice heard. More From Our Partners Brave 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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Tags: NULLlast_img read more

Barclays mulls new bond to boost capital

Barclays mulls new bond to boost capital

first_img Tags: NULL Show Comments ▼ whatsapp Thursday 14 October 2010 9:41 pm BARCLAYS is working on a new debt instrument to shore up its capital base ahead of the introduction of the Basel III rules. A bond that would pay out less if the bank’s core Tier 1 capital ratio dropped below the Basel threshold of seven per cent is in the works. The instrument would differ from convertible bonds in that it would not convert into equity, and would also allow the bond’s value to be written up if the bank recovers and restarts dividend payments. “The issue is how to make this kind of instrument acceptable for investors,” a source said. A person familiar with the situation stressed such a bond was one of several options being considered, but that the bank stood by chief executive Bob Diamond’s pledge two weeks ago that it would not ask shareholders for cash to help strengthen its capital base. Diamond then said that “from what we know and we can see today, we believe we have enough equity capital, and it is not our intention to turn to our shareholders for more”.The assurance has left the bank looking for alternative sources of capital to prepare for Basel before it comes into full force in 2019. Share Barclays mulls new bond to boost capital KCS-content whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orglast_img read more

Mouchel slumps to full-year loss as austerity measures bite

Mouchel slumps to full-year loss as austerity measures bite

first_img John Dunne 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 PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo Tags: NULL Show Comments ▼ Mouchel slumps to full-year loss as austerity measures bite center_img whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Share Thursday 28 October 2010 6:06 am Outsourcing and consulting firm Mouchel slumped to a full-year loss and warned of an uncertain outlook due to government austerity measures, wiping more than a quarter off its stock market value.Mouchel, which helps the government maintain highways and provides consultancy to local authorities, had already this month warned its full-year results would not meet analyst expectations.Its shares plummeted 27 per cemt – hitting their lowest in more than eight years.The group posted a £14.7m pre-tax loss for the year through July after taking £45.2m in exceptional items, on revenue which fell 15 per cent to £632m.Underlying pre-tax profit before tax and one-offs dropped 24 per cent to £30.5m, in line with what the company said earlier this month it expected.Mouchel, which also said it would skip its final dividend in order to save resources and help reduce its debt, said it would take a cautious approach to the year ahead in light of budget cuts.“There has been an extensive reassessment of spending priorities and, in consequence, the postponement or reduction in scale of various programmes,” the company said in a statement.“The timing and impact of these measures has been particularly noticeable in the more discretionary areas of capital expenditure,” it added, highlighting highway schemes and school building projects as affected areas.Mouchel said trading in the local authority market had been hit by cuts but it expected business to increase in this area in the longer term as local councils turn to outsourcers to help them make savings.“The group anticipates an increase in local authority outsourcing as a result of the economic climate and is well placed to take advantage of these opportunities and to increase its penetration into local authority markets,” Mouchel said.It said it wanted to focus on reducing costs and saving money and had starting refinancing its principal banking facilities.Analyst David Brockton at brokerage Execution Noble said the refinancing was a “silver lining” as the company is close to breaching its covenants, but retained his “sell” recommendation on the stock.“Mouchel’s full-year figures are disappointing with a pass on final dividend … We would expect the dividend cut and likely downward revisions to 2011 forecasts to weigh on the shares today,” Brockton wrote.The company also said David Tilston was appointed group finance director and said it had completed a restructuring its management consultancy arm.Its Middle East operations had also stabilised, Mouchel said, after being stung last year from fall-out from the debt crisis in Dubai, where it was working on a number of engineering projects. The firm said it would focus on Abu Dhabi. last_img read more

Slump in Japanese exports to harm GDP growth as inflation falls again

Slump in Japanese exports to harm GDP growth as inflation falls again

first_img whatsapp Thursday 25 November 2010 7:56 pm KCS-content JAPAN’S export market stalled in October, failing to grow on the previous month, it was announced yesterday.Compared to October 2009 Japanese exports grew 7.8 per cent, yet this was below the Bloomberg median projection of 10.7 per cent – and far weaker than September’s year-on-year growth of 14.3 per cent.Year-on-year improvements peaked in February, hitting a staggering 45.3 per cent. Rates of growth have been decelerating since – making October the eighth consecutive month in which export growth has decelerated. As exports fell, imports rose, growing by 8.7 per cent on the previous year, and 0.7 per cent on September. Exports fell to both of Japan’s key trading partners, China and the US. Yet the most drastic decline came in exports to the European Union. In September exports to the region increased by 11.2 per cent, yet last month they actually fell, recording a rate of -1.2 per cent.The decline could continue, and have a negative effect on Japanese GDP, according to observers. Kyohei Morita and Yuichiro Nagai of Barclays Capital Research “look for a decline in the fourth quarter as a whole. We believe exports – together with private consumption – will cause real GDP to contract during that period,” they added.Meanwhile, data yesterday revealed that Japan’s core consumer prices fell 0.6 per cent in October from a year earlier, down for the 20th consecutive month, pointing to persistent deflation. 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 TimesNoteabley25 Funny Notes Written By StrangersNoteableyWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamHistorical 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 TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Tags: NULL Sharecenter_img Slump in Japanese exports to harm GDP growth as inflation falls again Show Comments ▼ whatsapp 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Prooflast_img read more

Slump mirrors other recessions

Slump mirrors other recessions

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo THE global economic slowdown is similar to previous recessions, the Bank of England said in its quarterly report released today.And exchange rate depreciations, as seen in the recent slump, have helped economies recover, it added.Financial crises affected recessions in the 18th and 19th centuries, while international financial crises have often impacted the UK, particular after periods of globalisation.The comparison, provided to offer context for the current economic troubles, shows the recovery avoiding a 1930s style double dip. KCS-content whatsapp Sunday 12 December 2010 10:48 pm Slump mirrors other recessions center_img Tags: NULL Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com whatsapp Show Comments ▼last_img read more

Oil price hovers around two year high

Oil price hovers around two year high

first_img John Dunne Tuesday 4 January 2011 2:26 am Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapp Oil hovered near the highest price levels in more than two years, as accelerating manufacturing activity in industrialised economies and winter weather fanned expectations that US crude inventories will continue to drain.US crude for February fell 12 cents to $91.43 a barrel, about a dollar below Monday’s peak of $92.58, the highest intraday price since early October 2008.ICE Brent was unchanged at $94.84, having topped $96 on Monday for the first time since 2008.“Oil sentiment has turned decidedly bullish, partly driven by unusually cold weather, but more due to an increasingly optimistic consensus view on 2011 economic performance, especially for the US,” JPMorgan analysts led by Lawrence Eagles said.Prices rallied on Monday, stoked by accelerating manufacturing activity in industrialised economies and icy weather.Crude oil inventories in the United States, the world’s top consumer, probably fell for the fifth-straight time last week, down by 1.7m barrels, a Reuters poll ahead of weekly supply data showed on Monday.Refiners continued to use up more of their stored crude supplies while holding off on imports to lower their year-end taxes, analysts said. Tags: NULL whatsapp Show Comments ▼ Oil price hovers around two year high Sharelast_img read more

Saxo Bank confident of recovery

Saxo Bank confident of recovery

first_imgTuesday 18 January 2011 8:26 pm Show Comments ▼ 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 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 WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’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 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeStyleVamp11 Celebs And Their Historical DoubleStyleVampBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadaAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediavirimi.com14 Efficient Arm Workouts To Build Might & Muscle – Virimivirimi.comadvisor15 Plants that Repel Mosquitoes Naturallyadvisorcutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.com5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard®Health.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetMold Removal | Search AdsBathroom Mold Removal Tips That Might Surprise Most AmericansMold Removal | Search Ads KCS-content THE ECONOMIC recovery is set to continue in Britain this year as a result of the government’s fiscal austerity measures, according to Saxo Bank.The Copenhagen-based lender said “impressive” austerity measures would help the economy hit two per cent GDP growth for the year, despite tough budget cuts.The bank said the global economic recovery would continue throughout this year, yet warned governments were delaying an inevitable period of deflation needed to cleanse structural debt caused by the previous financial crisis. Sharecenter_img whatsapp whatsapp Tags: NULL Saxo Bank confident of recovery last_img read more

BlackRock sees jump in fourth quarter profit

BlackRock sees jump in fourth quarter profit

first_img BlackRock sees jump in fourth quarter profit Tuesday 25 January 2011 10:29 am Share John Dunne Show Comments ▼ 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeDefinitionDesi 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 FarmLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com center_img whatsapp whatsapp BlackRock Inc, the world’s largest asset manager, reported a big jump in fourth-quarter profit and revenue, topping analysts’ estimates, aided by the global stock market rally.With markets on an upswing, the $3.6 trillion investment unit for $15bn just over a year ago finally appears to be paying off for investors.BlackRock attracted a net inflow of $23.9bn from clients in the quarter, excluding merger-related withdrawals. Its iShares exchange-traded fund unit grabbed $13.4bn. Withdrawals related to the merger totalled $38.7bn.The results reflected solid investment performance and big inflows for iShares, Nomura analyst Glenn Schorr said. “The net new business pipeline is strong and BlackRock showed progress in the retail, defined contribution, and multi-asset spaces,” Schorr said in an initial report on the earnings.Anticipating improving results, the shares of New York-based BlackRock have gained 16 percent over the past three months, closing at $193.58 on the New York Stock Exchange on Monday. The biggest upsurge followed Fink’s comments at a conference last month that fourth-quarter profits would be “very strong.”Still, the stock remains well below $226.74, its close on 1 December, 2009, when the deal for Barclays Global Investors was completed. In contrast to the stock’s 15 percent decline since then, the Standard & Poor’s 500 Index has gained 16 per cent. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more