CITY VIEWS: ARE YOU WORRIED THAT THE BANK GOT ITS FORECASTS SO BADLY WRONG?

first_img MATTHEW KING | LLOYD’S BROKER“I think it would be much worse if the situation changed and the Bank carried on being bullish regardless ?– it’s much better that it is prepared to revise these estimates. Also, they are just forecasts, the Bank does not say this is what will definitely happen.”JAMES COLERIDGE | RSA“It is very difficult to predict anything too accurately at the moment with the climate being so volatile. The rest of Europe is having a major impact on our economy, as is the news coming out of the US, and the impact of the government’s austerity measures is yet to be seen.”DANNY YIP | LLOYDS BANKING GROUP“The Bank is now being realistic. Initially when we saw positive growth, everyone jumped on the recovery bandwagon. But at least now we are prepared for the worst – it is a sign of transparency that the Bank is ready to revise down its forecasts, not one of weakness.” CITY VIEWS: ARE YOU WORRIED THAT THE BANK GOT ITS FORECASTS SO BADLY WRONG? Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Share whatsapp Tags: NULLcenter_img Wednesday 11 August 2010 8:30 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterReporter center[Photos] Meet The Man Katie Couric Is Romantically Involved With In 2021Reporter centerBetterBe20 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 Past whatsapp KCS-content last_img read more

BEST OF THE BROKERS

first_imgWednesday 18 August 2010 7:28 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Share KCS-content whatsapp INMARSATBank of America Merrill Lynch cuts its price target for Inmarsat to 700p from 725p warning it has “several structural” issues, against a deteriorating macro environment. Says Harbinger using its option to use Inmarsat’s US spectrum, worth £1.50 a share, is a possible positive, but adds this won’t happen in 2010.AMECRBS recommends buying Amec ahead of its 26 August results. Expects sales to be up three per cent year-on-year with a 13.3 per cent jump in EBITA. Is confident of upgrades for 2011 due to order book momentum. Calculates shares are trading at 12.9 times 2010 price to earnings ratio – a significant discount to peers.DIAGEOCollins Stewart advises shareholders to “sell” Diageo ahead of its full-year results on 26 August as anticipates nothing to drive the shares upwards. Says a resurgence in Diageo profit growth depends on healthier trade in markets such as Ireland and Southern Europe where unemployment remains high. center_img Show Comments ▼ BEST OF THE BROKERS by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 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 BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp Tags: NULLlast_img read more

SHAMED FORMER HP BOSS TO LEAVE NEWS CORP

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search Ads 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULL whatsapp WHEN it rains it pours. Yesterday it emerged beleaguered former HP boss Mark Hurd will not be nominated for reelection as a director at Rupert Murdoch’s News Corp. He was forced out of the top job at HP after irregular expense claims emerged following damaging allegations by former porn-star Jodie Fisher Show Comments ▼center_img Share SHAMED FORMER HP BOSS TO LEAVE NEWS CORP Tuesday 31 August 2010 8:42 pm whatsapp KCS-content last_img read more

Mortagage lending falls in August

first_img Gross mortgage lending fell six per cent year-on-year in August to £13.3bn, the Council of Mortgage Lenders has said.That was the lowest August total since 2000 and represented a drop of 14 per cent from July.The figures chimes with other surveys in showing a cooling in the housing market following a sharp recovery in the second half of 2009.Figures from the Bank of England on Monday showed major lenders approved just 45,000 mortgages in August, the lowest level in more than a year.“We face the prospect of a difficult second half of the year,” said CML chief economist Bob Pannell. “However, the Bank of England is likely to keep interest rates at record lows for longer to support the economy. This will continue to alleviate payment pressures for many borrowers.” Show Comments ▼ Mortagage lending falls in August Monday 20 September 2010 5:03 am whatsapp Share whatsapp Tags: NULL John Dunne More From Our Partners Killer 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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comlast_img read more

Why Gatwick Airport’s new chief has Heathrow lined up in his sights

first_img KCS-content Sunday 10 October 2010 10:33 pm Tags: NULL SOME people need to have a lot on their plates if they are to thrive – and Stewart Wingate, Gatwick’s newish boss, is clearly one of these. The 39-year-old took up his post last December when the airport was bought by US investment fund Global Infrastructure Partners (GIP) for £1.5bn from Ferrovial-owned airports operator BAA, which was forced to sell up for competition reasons.Wingate has £1bn to spend over five years to upgrade an airport that was opened by the Queen in 1958. His role is to quickly attract new airlines and passengers to prove to the Competition Commission, and more importantly to his US owners, that he can open up a market between London’s three major airports – Heathrow, Stansted and Gatwick – which have been publicly- or monopoly-owned for the last four decades.Gatwick, the busiest single strip airport in the world, is projected to carry 32.5m passengers this year, similar to 2009. But this is still below its pre-slump 2007 peak when it carried 35m. And this is all a far cry from the target GIP has set for the airport, to carry 45m passengers by 2018.“We are here to compete,” says Wingate, a heavy-set ebullient Geordie, who previously worked at BAA for seven years, including stints as head of Budapest and Stansted airports. “Gatwick has suffered from being the second child in BAA’s family after Heathrow,” says Wingate. “But it was never treated half as well in terms of management time and resources. But for us Gatwick is our jewel in the crown, and we have big plans for it.”Wingate is speaking in a small meeting room in the firm’s on-site corporate block, which has floor-to-ceiling windows on three sides and offers magnificent views of the airstrip, its estate and the west Sussex countryside beyond.The Gatwick boss plans to boost passengers by a variety of methods.First, he believes the air traffic control technology he uses, which currently permits 52 aircraft take-offs or landings per hour at peak, can be upgraded “to slightly increase our numbers here.”Wingate also wants to improve the consistency of take-offs and landings throughout the day. Currently Gatwick has three peak periods: between 5am and 6am, between 10.30am and lunchtime, and between 3.30pm and 6pm.He wants to attract long haul carriers from the Middle East, the Far East and the Americas because “the times they are likely to fly into London will be in our quieter periods.” Currently only around 20 per cent of the airport’s flights are long haul. Also, the firm has just spent £45m on new stands to accommodate the Airbus A380 superjumbo that will carry more passengers. And Wingate adds many of the airlines that use his airport are testing new configurations that fit more seats into the plane.This is important for Gatwick because half of its revenues come from plane charges – for things like landing, parking and the number of passengers each aircraft carries. Most of the rest of the airport’s income comes from retailing and car park charging, with a small amount coming from rents from its property portfolio.In the year to March the airport posted £475m in sales and made an underlying profit of £169m. The Gatwick boss will not make forecasts for next year, but says the airline industry in beginning to pick up after a crippling slump and thinks passenger numbers at the airport will grow three per cent next year. But before Wingate can really begin to add passengers he knows he has to boost the airport’s reputation for customer service, which like Heathrow, has flagged in recent years.When the new Gatwick boss took up his post last December he inherited a £35m upgrade of the train shuttle service between its North and South Terminals, which was due to be completed in September.He says: “That was after the school holidays had finished, missing our busiest period of the year. We got the contractors together and convinced them to finish the job 10 weeks early in July.”Wingate adds: “In the past Gatwick has usually paid penalties to its airlines because of various customer service failures. But this year we were paid a bonus by our airlines because we did what we said we were going to do.”The airport is working on a number of new infrastructure projects such as building new stands and a baggage system worth £156m in the South Terminal and a £76m extension to the North Terminal, the first phase of which is due to open next summer.Some airlines that use the airport are impressed by the start Wingate’s team have made. British Airways’ general manager at Gatwick Alan Peever said: “We are encouraged by the improvements the new team has made on customer service areas at the airport, and we have started a strong working relationship with them.”But another airline general manager says Wingate’s plans for 45m passengers by 2018 are “overly ambitious” partly because of the “unique” status of Gatwick.No other major airport in the UK has the mix of airlines Gatwick has. Its largest customer is budget carrier easyJet, which carries 10m passengers, but it also is used by full service airlines like British Airways and Virgin Atlantic, as well as a range of charter airlines like Thomas Cook and TUI. By contrast, Heathrow has no budget airlines, while low cost carrier Ryanair provides Stansted with the majority of its passengers. “The different types of airlines at Gatwick require very different levels of service,” said the airline manager. “To satisfy all of them may prove difficult as well as costly.”So far only three airlines, including budget carrier Norwegian Air Shuttle, have left their old bases for Gatwick, but the airport says more will come once its customer service changes and infrastructure improvements begin to show through.Currently, 80 per cent of Gatwick’s passengers travel for leisure, leaving only a fifth as business flyers. But GIP’s other airport in the capital, London City Airport, is by contrast dominated by business travellers. Wingate says he and his opposite number Richard Gooding at London City do not have a particularly close working relationship.The Gatwick boss says: “We don’t operate as a group. We are two competing airports, although Richard has a unique business market and quick check-in offering.”But Wingate adds: “There is a lot of attention to detail employed at London City, which we are now using here.”So much so that Wingate poached Scott Stanley from the smaller airport and made him his chief operating officer.GIP has been busy clawing back some of its investment since it bought Gatwick last year. It sold a 15 per cent stake to Abu Dhabi Investment Authority, for around £125m and a 12 per cent stake to South Korea’s National Pension Service’s for about £100m in February. More recently in June it sold a further 12 per cent stake to California Public Employees’ Retirement System for £100m.And the US fund is reportedly in new talks to sell another stake in the business.But Wingate says: “GIP have said they will keep at least a 51 per cent stake in the business and that means they will retain control, which will allow them to push ahead with their plans.”When Wingate took over Gatwick he pledged to honour an existing agreement not to push for a second runway until 2019. But after this all bets are off. “We are capacity constrained at Gatwick. And we will never rule out the option of a second runway,” Wingate says.The coalition government has torn up the previous government’s aviation commitment to build a third runway at Heathrow and a second at Stansted. This suits Wingate because when the coalition government begins to draw up a new aviation policy in 12 to 18 months time he believes he will be on a level playing field to lobby for growth.But in the meantime Wingate is knee-deep in the everyday struggle to build customers back up to their 2007 levels, let alone the 10m-plus passengers the airport wants to put on in just eight short years. Long-suffering air travellers, meanwhile, will be hoping that Wingate’s welcome extra investment – and the first real competition ever in London airports – will soon start to make their lives a little easier.CV | STEWART WINGATEAge: 39Work: Began his career as a graduate apprentice in 1988 at Black & Decker, where he worked in a variety of posts in the UK, Germany and the Czech Republic. Joined BAA in 2004 and was chief executive of Budapest Airport and managing director of Stansted Airport. Recruited by GIP in 2009 to become chief executive of Gatwick Airport.Education: University of Northumbria and University of Newcastle upon Tyne, degree in electrical and electronic engineering and an MBAFamily: Married, two daughtersHobbies: Mountain biking, skiing and golf by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Share whatsapp Show Comments ▼ Why Gatwick Airport’s new chief has Heathrow lined up in his sights whatsapplast_img read more

Google beats forecasts as profits surge

first_img Thursday 14 October 2010 9:42 pm Google comfortably beat analysts’ sales and earnings forecasts when its third quarter results were posted yesterday. The world’s biggest search engine reported 32 per cent year-on-year growth in net income to $2.17bn (£1.37bn) and earnings per share, excluding one-time expenses of $7.64, up from $5.89 in third quarter 2009. Net revenue for the three months to 30 September was $5.48bn, a 25 per cent jump from the third quarter of 2009. Analysts had forecast around $6.67 earnings per share and net revenues of $5.25bn. Chief executive Eric Schmidt said it was “an excellent quarter”.Google’s core business grew “very well” and its newer businesses, particularly display and mobile, “continued to show significant momentum”, he said.Google’s overall revenues rose 23 per cent to $7.29bn as traffic-acquisition costs, the click-through commission payments from its partners, hit $1.81bn. Both the frequency with which customers clicked on its search adverts and the average cost-per-click advertisers paid Google rose in the quarter. The growth in net income for the search engine is particularly impressive as operating expenses rose 34 per cent at the company during the quarter and it added 1,500 new staff, to reach 23,331 employees. KCS-content 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 PastSerendipity 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.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wrapcenter_img Google beats forecasts as profits surge whatsapp Show Comments ▼ Share whatsapplast_img read more

ECB’S MERSCH: IT IS TIME TO END STIMULUS

first_img Show Comments ▼ whatsapp KCS-content Wednesday 5 January 2011 7:43 pm Tags: NULL ECB’S MERSCH: IT IS TIME TO END STIMULUS whatsappcenter_img INSTEAD of timidly reducing deficits, governments should be aiming for surpluses, the European Central Bank’s (ECB) Yves Mersch said yesterday. The governing council member, who also heads Luxembourg’s central bank, said it was time to withdraw stimulus measures at “a moderate but steady pace.” “Governments will have to achieve surpluses in order to erode massive debt mountains,” he said. Share 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 AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition 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

HMV supplies hit by credit insurance cut

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.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Share HMV supplies hit by credit insurance cut TROUBLED music retailer HMV came under further fire yesterday after suppliers revealed that its credit insurers were drastically cutting the amount of sales they would insure.An internal memo from Sony showed that its credit insurers had withdrawn all cover for new sales to HMV after a meeting with HMV chief executive Simon Fox had failed to allay their concerns.Other suppliers have reportedly also confirmed they cannot access credit insurance for sales to HMV.The insurers’ decision is a sign they believe HMV is very close to becoming insolvent and may not be able to pay for stock delivered by its suppliers. It may make it hard for HMV to access the stock it needs.“I need to advise you that our credit insurers have significantly reduced our insured credit limit on all HMV entities. “Based on the current HMV balances, the limit is not sufficient to support any sales on an insured basis moving forward,” the message, sent to Sony label managers from its credit and collections department, said.Sony’s email describes the change as a “quick and drastic reduction” and says it will discuss alternative payment terms and options with HMV. But it confirms that sales made after 14 January “will be shipped at your financial risk.” An HMV spokesperson said: “HMV continues to maintain excellent relations with all of its suppliers.” The news is a further blow to HMV two weeks after it issued a profit warning over plummeting sales in the run up to Christmas. Like for like sales fell 13.6 per cent in the five weeks to 5 January, and the group has announced the closure of 60 UK stores to pay down debt, as well as a programme of cost cuts. It also said it may breach bank debt covenants. Chief executive Simon Fox said at the time that HMV “remains a profitable and cash-generative business.”HMV’s shares have lost 70 per cent of their value in the past year and yesterday traded at 26.25p. Sony declined to comment last night. whatsapp KCS-content 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Show Comments ▼ whatsapp Tuesday 18 January 2011 8:48 pm Tags: NULLlast_img read more

Vodafone beats expectations

first_imgThursday 3 February 2011 7:57 pm whatsapp Show Comments ▼ SMARTPHONE sales helped push Vodafone’s fourth-quarter ahead of expectations yesterday, with total revenues jumping 3.5 per cent to £11.89bn.Revenue in the UK grew seven per cent to £1.26bn, its highest since the second quarter of 2007.The growth was fuelled by an explosion in smartphone uptake, with 49 per cent of contract customers now using next generation handsets, compared to 43 per cent across the whole of Europe. Vodafone UK added 195,000 new customers in the quarter, with 70 per cent adopting smartphones. Data usage was up 27 per cent.Customer growth in India also grew, deflecting attention from the firm’s continuing legal troubles there. Service revenue at the Africa, Middle East and Asia Pacific division was up 9.3 per cent on an organic basis, while European service revenue was up 0.2 per cent.The improved outlook followed solid trading in the third-quarter, with strong growth in India and Turkey and improvements in the UK, Germany and South Africa. Trading stabilised in Italy but remained challenging in Spain, where Vodafone has been hurt by the economic downturn and the loss of migrant construction workers.Vodafone said yesterday the Egyptian government had forced it to withdraw network services for 24 hours and confirmed it had evacuated UK staff and their families from the crisis-hit country. KCS-content Tags: NULL Share whatsapp Vodafone beats expectations More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com last_img read more

Bets on early rate hike rise as Dale turns

first_img whatsapp whatsapp Share More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.comConnecticut man dies after crashing Harley into live bearnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com THE rift at the heart of the Bank of England deepened yesterday after its chief economist threw his weight behind calls for interest rates to rise. Spencer Dale joined independent Monetary Policy Committee (MPC) members Andrew Sentance and Martin Weale in voting for higher borrowing costs this month to bring runaway inflation back under control, according to the minutes of the Bank’s February meeting published yesterday. Dale is the first internal Bank member to break the party line, that rates should for the time being remain at their current historic low of 0.5 per cent, and it was the first effective 6-3 split on the MPC since July 2007. Sentance who has been calling for a rate rise since June, pressed harder this month by voting for a 0.5 percentage point rise to one per cent, while Weale repeated his January call for a 0.25 percentage point rise, a position now also backed by Dale.Even those who opposed an immediate increase, acknowledged in the minutes that the hawks’ argument “had grown in strength”; but said “there was merit in waiting to see” how the economy performed at the start of the year before acting.The emergence of a third hawk caused some analysts to bring forward their predictions of when a rate rise, widely expected to be May, could occur. Simon Ward, Henderson’s chief economist, said yesterday that it could now come next month “if revised fourth-quarter GDP figures and surveys for February indicate that economic recovery is continuing.”Alan Clarke at BNP Paribas said: “It is looking more likely that we get another rare meeting where the governor is out-voted.”The pound surged almost a cent against the dollar to $1.6270, the strongest this year, and yields on short-term government debt edged higher after the minutes were published as markets priced in the liklihood of an interest rate rise. Money markets are pricing in a quarter-point increase in borrowing costs from their record low of 0.5 per cent by May, with rates seen rising to 1.25 per cent by the end of this year. Tags: NULL Show Comments ▼ Bets on early rate hike rise as Dale turns Wednesday 23 February 2011 9:06 pm KCS-content last_img read more