Sports Directs sales hike fuelled by World Cup

first_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishUndo Tuesday 7 September 2010 3:08 am whatsapp John Dunne Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proofcenter_img Share Sports Directs sales hike fuelled by World Cup Show Comments ▼ Sporting goods retailer ports Direct posted an 8.8 per cent rise in first-quarter sales – fuelled by the World Cup in South AfricaThe firm, in which Newcastle United club owner Mike Ashley has a 71 per cent stake, said on Tuesday sales were £408m in the 13 weeks to July 25, up from £375m in the same period last year.Gross profit increased 17.8 per cent to £185m.“Despite the performance of the England team during the World Cup, these results clearly show that Sports Direct had a good World Cup, although with better team results it could have been even stronger,” said the firm.Sports Direct, which owns Sports World and Lillywhites stores as well as brands including Slazenger, Lonsdale and Dunlop, said that since the end of July its underlying performance has remained strong.The firm said it was maintaining its target of underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of around £195m for the year to end-April 2011, up from £160.4m made in 2009-10.Sports Direct fared better than most retailers during the recession thanks to its discount pricing and the weakness of its main rival JJB Sports, which came close to administration in 2009 and is still struggling.Shares in Sports Direct, which floated at 300 pence in 2007, have increased by 27 per cent over the last year, Tags: NULLlast_img read more

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HSBC to pick new chair

first_img More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: NULL Share 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 ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity 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.com HSBC will choose and announce a replacement for outgoing chairman Stephen Green at a board meeting in Shanghai next Tuesday.Current chief executive Michael Geoghegan is understood to be hopeful of his imminent appointment, given the company’s track record of elevating chief executives to the role of chairman. However, former Goldman Sachs investment banker John Thornton is also thought to be in the running. The bank is also considering promoting senior independent director Sir Simon Robertson to the role on a temporary basis, with a view to choosing a permanent successor in a few years’ time, people close to the bank have said. It is unclear whether Geoghegan will stay with the bank if he does not clinch the job of chairman. HSBC was unavailable for comment yesterday. HSBC to pick new chair KCS-content center_img whatsapp whatsapp Show Comments ▼ Tuesday 21 September 2010 8:35 pmlast_img read more

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Accenture to buy Ariba’s assets in $51m cash deal

first_imgWednesday 6 October 2010 7:51 pm Tags: NULL whatsapp KCS-content TECHNOLOGY outsourcing and consulting firm Accenture said it would buy Ariba consulting services and BPO assets for $51m in cash.Ariba, which provides procurement software and consulting services, said the businesses will account for about $40m of 2010 revenue and seven cents a share in adjusted earnings, it said in a regulatory filing.Accenture, which will absorb 160 employees from Ariba, will enter into a four-year non-competition agreement with the latter.The deal is expected to close in Ariba’s first quarter of fiscal 2011, ending 31 December 2010, the companies said in a statement.Shares of Dublin, Ireland-based Accenture were trading almost flat at $45.19 yesterday morning on the New York Stock Exchange.Ariba’s stock was down as much as 4 percent at $18.92 on Nasdaq.At their Tuesday close of $19.65, shares of the Sunnyvale, California-based Ariba, which have climbed consistently over the last couple of years, were at the highest in more than six years.The company press release suggests “approximately 160 Ariba employees are expected to join Accenture upon the closing of the transaction.” The deal is not yet closed, but Ariba forecasts closing by the end of the December quarter. Accenture to buy Ariba’s assets in $51m cash deal More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp Show Comments ▼ Sharelast_img read more

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Cuts to public sector spending set for delay

first_img whatsapp KCS-content Tags: NULL whatsapp Cuts to public sector spending set for delay Show Comments ▼ PROPOSED public spending cuts are set to be delayed to enable the coalition government to spread the pain of the deficit reduction more evenly over the next few years.The forthcoming spending review on 20 October is expected to outline the revised timetable for cuts, although the Treasury has insisted it will still eliminate the deficit within a parliament as David Cameron outlined yesterday in his speech. Ahead of chancellor George Osborne’s review the government is looking at contracts and redundancy costs, according to the Financial Times. The government refused yesterday to confirm it would maintain the £23bn spending cuts in 2011-12, rising to £83bn a year cuts by 2014-15, that it has already outlined. center_img Wednesday 6 October 2010 8:59 pm 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 PastNoteabley25 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.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times 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 Sharelast_img read more

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North Korea adds fuel to global fears

first_img whatsapp North Korea adds fuel to global fears 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 PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was Famous, Now She Works In {State}MoneyPailJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCuteBizarre Hells Angels Rules, #10 Is MandatoryAlphaCuteRest WowCouple Enacts Revenge Towards Neighbor Who Made Their Life HellRest Wow Tuesday 23 November 2010 9:12 pm Show Comments ▼ Sharecenter_img KCS-content AS if a sovereign debt crisis were not enough, along comes North Korea, the roguest of rogue states, and suddenly it seems as if South East Asia could be on the brink of war. North Korea is the single most evil regime in the world, a despotic, idiotic and inhumane communist totalitarian state which has reduced its people to a state of almost complete misery. Nobody can predict Pyongyang next move, which is why there is now such nervousness; a weakened President Obama is unlikely to be able to do much so the ball is in China’s court. Whether or not this dispute is resolved in a sensible way – and the maniacs in North Korea suitably slapped down – will tell us a lot about Beijing’s maturity as an emerging superpower.Markets always underestimate geopolitical risk; economists, analysts and traders always seem to believe that rationality will prevail. If only. So yesterday’s events sent shivers down everybody’s spine, especially given that nobody believes Europe’s sovereign debt crisis to be over. The assumption instead is that it has just started and that the euro’s survival is now at risk. Ireland’s government is teetering; it remains unclear whether the deal that has been agreed – an €85bn bailout, with a plan of action to be unveiled today – will ever even see the light of day. At least Brian Cowen survived a motion of no confidence last night. The Irish public and opposition politicians may yet decide that they would rather play hardball with the country’s creditors – after all, their position is not as weak as some may think given that the EU is desperate to halt contagion to other nations.When the possibility of war in the Korean peninsula is added to this horrid mix – an event which, apart from its horrific impact on human lives, could dramatically derail the Asian growth engine – one understands immediately why everybody is suddenly so jittery. Geopolitics had already started rearing its ugly head recently, with various failed attempts at terror attacks and several high alerts in Germany and France. So far, none of this has hit the real economy – yesterday’s purchasing managers index from the Eurozone was strong – but with bond yields constantly rising in several European countries there is bound to be some sort of impact. Spain’s risk premia hit their most elevated levels since the creation of the euro yesterday; this won’t be good for growth. Arturo De Frias of Evolution Securities has crunched the numbers. Under his worst case scenario in Ireland, with unprecedented write-offs, RBS could lose up to £7bn; Santander and BBVA would suffer lesser hits from Portugal (just €4.5bn in the case of Santander under the Armageddon scenario). This wouldn’t be that bad. So the behaviour of banks across the continent – share prices have slumped – confirms that investors are pricing in a much wider disaster, with contagion to Spain. Bailing out Greece, Ireland and Portugal would cost €300bn; doing the same with Spain would add €350bn to the bill. While in theory the EU’s economy is big enough to shoulder such a sum, there is no way it would be palatable to German voters. We are living in an increasingly strange dual world: on the one hand, the global economy is continuing to recover, with growth in the US accelerating and Asia booming; on the other, there are huge sovereign and geopolitical dangers. Let us hope the former force swamps the [email protected] whatsapp More From Our Partners A 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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: NULLlast_img read more

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CITY MOVES| WHO’S SWITCHING JOBS

first_img Share HSBCHSBC?has announced the appointment of Hossam Alsaady as head of its Saudi Arabia team within the London-based Middle East and North Africa division of its private banking business. Alsaady is moving over from his role at NCB Capital in Jeddah, where he has held several senior positions, most recently head of strategy. At HSBC, he will be reporting to Bassem Snaije in London and Sobhi Tabbara in Geneva.Cushman & WakefieldReal estate services firm Cushman & Wakefield has announced the appointment of Tony Edwards and Simon Wild as partners in its southern retail agency team. They both move over from Churston Heard, which was bought by Jones Lang LaSalle in 2008. MGM AdvantageRetirement specialist and mutual society MGM Advantage has appointed Brian Harrison and Isabel Hudson as non-executive directors. Harrison will be the firm’s new chairman of the risk committee while Hudson will sit on the investment committee among other duties.Harrison has over 30 years’ experience in the pensions business, having begun his career at the Gresham Group and worked at Friends Provident. Hudson also has 30 years’ experience, but in insurance. She has worked at Prudential UK?and set up a specialist annuity company Synesis Life in 2006. Generation InvestmentGeneration Investment Management, the investment management firm, has appointed Mike Ramsay a partner in its London office. Ramsay moves from the Carlyle Group, where he was global head of leveraged finance. He has also worked at Prudential M&G.Aviva InvestorsBart Coenraads has joined Aviva Investors as head of real estate multi-manager, Asia-Pacific. He will be responsible for the development of the firm’s strategy in this area and will be reporting to Ed Casal. PricewaterhouseCoopersPwC has hired Nigel Vooght as head of its financial services business, replacing Jeremy Scott. Vooght will lead PwC’s global banking and capital market services. Metro BankMark Price has been appointed managing director of commercial banking at new high-street bank Metro Bank. Price will be responsible for building up the firm’s business clients. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center KCS-content whatsapp whatsappcenter_img Wednesday 1 December 2010 7:23 pm Show Comments ▼ Tags: NULL More From Our Partners Native 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.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.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.com CITY MOVES| WHO’S SWITCHING JOBS last_img read more

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ANGER OVER COST OF SNOW FIASCO

first_img KCS-content whatsapp Share whatsapp Tags: NULL Thursday 2 December 2010 8:55 pmcenter_img ANGER OVER COST OF SNOW FIASCO THE COST to the UK economy of the mounting chaos bought by the snow and unseasonally cold temperatures could be as much as £1.2bn a day, it was claimed yesterday. As the seventh day of the cold snap saw the disruption reach the south-east of England, with more than six inches of snow falling overnight, Labour’s shadow transport secretary Maria Eagle used the figure, estimated by insurer RSA, to accuse the government of “complacency” amid the freezing weather conditions.For the capital, the London Chamber of Commerce, forecast the cost of the disruption caused by the snow, through missed days at work and lost retail trade, would “now undoubtedly be in the millions.”As many as two in five people were unable to get into work yesterday, a survey by law firm Peninsula found, as Gatwick Airport remained shut, commuter rail services were suspended and road conditions remained treacherous.While many chose to work from home, law firm Kingsley Napley warned the lack of a policy on weather-related absence left employers vulnerable to discrimination claims.Head of employment law Richard Fox said such a policy, clarifying the expectations of an absent employee and whether that worker would get paid if not able to work from home, would ensure even treatment of all employees and prevent possible discrimination claims from an ad hoc system implemented by day-to-day managers. Transport secretary Philip Hammond, who yesterday ordered an urgent review of how the transport system has coped, insisted that the government was doing everything possible “to keep Britain moving”, but that “the scale of the weather event” had to be taken into account.Travellers are expected to face further misery today with heavy snow warnings for London and the South East last night and widespread icy roads expected. Gatwick Airport will remain closed until at least 6.00am and train companies in the south-east Southern, the London-to-Brighton operator, and Southeastern, paralysed by snowfall in Kent, are both expected to have more delays and cancellations into London.One beneficiary of the weather however were the big shopping chains. Marks & Spencer said there had been a 121 per cent increase in demand for thermal clothing in the past week, while Asda said it had sold about 100,000 units of de-icer and Waitrose said sales for the past week were up 11 per cent overall on the previous year as shoppers stocked up. However, Waitrose parent John Lewis said the past week had seen sales level with this time last year due to lower customer numbers in the poor conditions. Show Comments ▼last_img read more

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London misses rates ballot

first_img whatsapp Share KCS-content More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp 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 PastNoteabley25 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 TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today Tags: NULLcenter_img RETAILERS across the UK will be balloted on whether they want to pay extra on their business rates to help bankroll local projects – but London has missed out because a rate has already been imposed.The government – under pressure from the British Retail Consortium (BRC) – has made it a legal requirement for rate-setting local authorities to gain the agreement of firms under its Localism Bill, published on Monday.However, businesses in the capital have already been hit with a Business Rates Supplement (BRS) of 2p in the pound, primarily as a contribution to the Crossrail scheme.Retailers are obliged to pay the supplement, which has been set for at least the next 20 years. The argument was made that the £16bn east-west London rail scheme would help boost commerce across the capital, so making it of overall benefit to London businesses. A BRC spokesman said: “The argument in London is not relevant now because the rate has already been set.” The BRC said the rest of the UK faces rate hikes totalling £125m a year which can now only be slapped on them after they agree in a vote.BRC director general Stephen Robertson said: “Compulsory business ballots are a major victory for the BRC on behalf of vulnerable retailers big and small. “It would be fundamentally undemocratic to put extra taxes on local businesses without establishing their views first and assessing the potential impact on jobs.”A spokesman for the London Chamber of Commerce said it had supported the rate supplement for Crossrail. Show Comments ▼ Tuesday 14 December 2010 8:17 pm London misses rates ballot last_img read more

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Euro worries push banks down, leave FTSE flat

first_imgWednesday 15 December 2010 4:52 pm whatsapp THE FTSE tipped up to 5897 briefly this afternoon but sank again to close flat at 5882, dogged by Eurozone worries and poor performances by the banks. Barclays was the top FTSE100 faller, down 3.7 per cent as worries resurfaced over European sovereign debt, caused by Moody’s announcement that it was reviewing Spain’s credit rating, and fears over Belgium.RBS also slipped on reports that more of the FSA inquiry into its near collapse may be made public.And British Airways lost two per cent on news that its cabin crew union would ballot members next week over fresh strike action.But analysts said markets may find it hard to break into further gains as the year comes to an end.“There is some fairly significant resistance on the FTSE coming up around 5,930 and that might provide a bit of a barrier,” said David Morrison, market strategist at GFT Global.“The December doldrums have officially arrived,” said Spreadex trader Christopher Purdy. Capital Shopping Centres was the top FTSE 100 riser, up 4.9 per cent after it rejected a 425p per share offer by US mall owner Simon Property. Travel operator Experian rose 2.65 per cent to close at 812.5p and Weir Group closed up 2.1 per cent at 1,801p.Whitbread added 1.95 per cent to finish at 1,774p after a positive update from Nomura, which raised its earnings forecast, said Michael Hewson, market analyst at CMC Markets.In the FTSE250 the largest faller was Supergroup, the makers of Superdry clothing, despite announcing pre tax profit of £14.6m, as it indicated a tough retail outlook.“This could well be setting the scene for retailers this Christmas,” Hewson said.Upbeat US economic data helped the FTSE gain ground in the afternoon though could not fend off a drop at market close.US markets also ended low after another late-day sell off, suggesting it may be difficult to chalk further gains as the year comes to a close.“The biggest fallers have been commodity stocks with Alcoa and ExxonMobil falling on lower commodity prices, while the key risers have been industrials like Caterpillar,” Hewson said.The Dow Jones industrial average dropped 19.07 points, to end at 11,457. The S&P 500 fell 6.35 points to finish at 1,235 and the Nasdaq Composite slipped 10.50 points to close at 2,617. Show Comments ▼ alison.lock More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp Share Euro worries push banks down, leave FTSE flat Tags: NULLlast_img read more

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FRESH HOPE FOR PONTIN’S

first_img whatsapp Share Tags: NULL KCS-content FRESH HOPE FOR PONTIN’S Show Comments ▼center_img Wednesday 5 January 2011 7:48 pm whatsapp UK HOLIDAY camp firm Pontin’s has attracted ten offer approaches since going into administration, accountants KPMG said yesterday. KPMG, appointed as administrators in November, said the majority of the offers were from parties keen to continue operating the business as a going concern. But in a blow to unsecured creditors, KMPG said there would be insufficient funds from the sale to pay them the £3.6m owed. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack 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 Prooflast_img read more

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