Fed should be prepared to embark on a new stimulus blitz, says ex-vice chair

first_img whatsapp Show Comments ▼ whatsapp THE Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the US economy, the former vice chairman of the central bank said.Donald Kohn, who retired as vice chairman last week, told the New York Times in an interview published yesterday that the economy was in “a slow slog out of a very deep hole,” and that the Fed should take additional measures if a recovery continued to be slow.Actions could include purchase of more government securities to keep interest rates low, he said. The Fed has pumped $1.7 trillion into the economy through steps such as purchase of longer-term securities. Share Tags: NULL Fed should be prepared to embark on a new stimulus blitz, says ex-vice chair 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm KCS-content 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 Proof “To have a substantial effect, people would have to anticipate substantial purchases,” Kohn said. “Does the Federal Reserve need to announce it’s buying $1 trillion? Not necessarily. If the Fed said, ‘We’re buying a smaller amount now but if it warrants we’ll buy more,’ that sort of would give the public and the markets a sense that somebody was out there,” he added. Monday 6 September 2010 8:12 pmlast_img read more

Petrobras raises $70bn in record share offering

first_img whatsapp whatsapp John Dunne Friday 24 September 2010 2:31 am Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Petrobras raises $70bn in record share offering center_img 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.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.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.comWhy people are finding dryer sheets in their mailboxesnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Show Comments ▼ Brazilian state oil company Petrobras raised $70bn (£44bn) on Thursday in the world’s biggest share offering, giving the company the financial muscle it needs to tap vast offshore oil reserves.The cash will help fund the world’s largest oil exploration plan, which at $224bn for the 2010-2014 period aims to turn Brazil into a major energy exporter.The Rio de Janeiro-based company sold 1.87 billion new preferred shares at 26.30 reais each, the company said in a regulatory filing. It sold 2.4 billion new common – or voting – shares at 29.65 reais each.Uncertainty that the offering might not come off had brought a prolonged sell-off of Petrobras shares that shaved more than $70 billion off its market value. But the optimism displayed by investors seeking exposure to one of the world’s largest oil finds in recent decades outweighed worries about growing state involvement in the company’s affairs.“The deal priced at a very tight discount, which is comforting to know because the market expected it to price lower,” said Marcio Macedo, who manages about $40 million of stocks for Sao Paulo-based Humaita Investimentos. “After this very successful deal, markets will be in a good tone tomorrow.” Tags: NULLlast_img read more

Anglo Irish Bank bailout price tag £29bn

first_img Show Comments ▼ Anglo Irish Bank bailout price tag £29bn Tags: NULL whatsapp whatsapp Ireland’s central bank has put a 34 billion euro (£29bn) price on bailing out stricken Anglo Irish Bank under a worst case scenario and said Allied Irish Banks needs to raise an additional three billion euros by the end of the year.The government will announce plans to recapitalise Allied Irish Banks, the central bank said. Dublin already has a near 19 per cent stake in the lender.“Today’s announcements take the Irish banking system closer to a final resolution of its restructuring, which is a prerequisite for sustained economic recovery,” Central Bank Governor Patrick Honohan said in statement.Under its base case scenario, the central bank said the Anglo Irish bill was expected to be 29.3bn euros.The euro slipped in the wake of the announcement about the nationalised lender.The central bank said the additional cost of recapitalising Anglo Irish Bank and Allied Irish Banks confirmed the need for a reprogramming of the government’s budget plans.“The additional budgetary costs – and in particular the higher debt-to-GDP ratio that is implied – confirm the need for a reprogramming of the budgetary profile, though it is important to recognise that the bulk of this reprogramming need arises from other sources,” Honohan said.Prime Minister Brian Cowen’s government has a wafer-thin majority in parliament and faces a discontented electorate, making it politically difficult to toughen up a budget in December that is already expected to be harsh.Ireland has already injected nearly 23 billion euros into Anglo Irish Bank.Irish borrowing costs have climbed to euro lifetime highs and triggered jitters across Europe over as investors craved some certainty about the bill to wind down Anglo Irish.Cowen was hailed internationally for taking early tough action to tackle Ireland’s towering deficit but that goodwill has disappeared as the burden of dealing with the nationalised lender escalated.European Union officials are pressing Dublin to come up with a detailed plan for getting its fiscal gap – the worst in the bloc – under control by 2014. Euro zone finance ministers are expected to discuss the situation when they meet in Brussels later in the day.Bond traders have said a figure of up to 35bn had been priced into the market after ratings agency S&P said the bill could be that high.Ireland has insisted the Anglo bill, which is expected to propel government debt to over 100 per cent of GDP, will be manageable because it will be spread out over at least a decade. 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 ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Thursday 30 September 2010 2:37 am John Dunne last_img read more

Non-food lifts J Sainsbury

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com whatsapp Share Wednesday 6 October 2010 7:54 pm Show Comments ▼ Non-food lifts J Sainsbury center_img whatsapp J SAINSBURY yesterday reported a sales rise in the second quarter as it pinned its hopes on catching Asda by rapidly expanding store space.The UK’s third largest chain behind Tesco and Asda, said non-food items were fuelling its performance.Sainsbury’s saw a 2.9 per cent like-for-like increase in sales in the period, which also saw the opening of its largest ever store in Kent. And a total of 266,000 sq feet of new floorspace was opened in the period.Sainsbury’s said its non-food business was growing at three times the rate of food, with its Tu clothing rage “leading the charge” in sales. Its online sales were also performing well, increasing by 25 per cent in the period.Chief executive Justin King said the boost in floorspace at the chain would help it to outstrip rival Asda, despite its rival recently acquiring the Netto chain.King said Sainsbury’s was “a good way ahead” of its rivals with its sales lift.He said the chain was performing well in a “challenging consumer climate”, and that he was not expecting any significant impact when public spending cuts kick-in because people had already prepared themselves and changed their spending habits where necessary. “Consumers are already dialled in to what is happening. They have been for a long time now,” King said.He said a reduction in petrol prices had given some relief to cash-strapped families and put more money back in their pockets. Sainsbury’s said its back to school clothes were flying off the shelves while fair trade goods were also on the march with growth of 25 per cent for the second quarter. KCS-content Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Tags: NULLlast_img read more

Factory orders in sharp fall

first_img whatsapp John Dunne More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timescenter_img Factory orders in sharp fall Share Factory orders fell at their sharpest pace since April this month, the CBI’s October industrial trends survey showed on Tuesday.The Confederation of British Industry survey’s total order book balance dropped to -28 this month from -17 in September, below expectations of a reading of -19.“The recovery in the manufacturing sector is well grounded and is expected to continue, this despite the soft patch last quarter,” said CBI chief economic advisor Ian McCafferty.“Over the next three months firms predict a strong rise in output driven by predictions of further export orders growth, while support from stock-building fades.”He added that cost pressures showed no signs of receding, putting further pressure on manufacturers profit margins. Tuesday 19 October 2010 7:33 am Show Comments ▼last_img read more

Apple rides high but iPad falters

first_img Share Monday 18 October 2010 8:50 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Show Comments ▼ KCS-content whatsappcenter_img Apple rides high but iPad falters More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Apple last night smashed expectations to post record fourth quarter profits and revenues, boosted by blockbuster sales of its new iPhone 4.However, its landmark iPad tablet device lagged behind analyst forecasts as supply issues continued to dog the world’s biggest technology firm.Apple shifted 4.2m iPads in the quarter, falling well short of analyst predictions of up to 5m. Steve Jobs’ firm now faces stiff competition in the tablet market, with rivals RIM and Samsung both having released credible alternatives in recent months. Jobs attempted to pour cold water on the iPad’s rivals, claiming their smaller size meant they fell short of both a smartphone’s convenience and an iPad’s functionality. But Apple’s stock still tumbled more than six per cent in after hours trading on news of the iPad’s disappointing sales.However, sales of its new iPhone 4 helped push the firm’s quarterly revenue up 67 per cent to $20.3bn (£13bn), ahead of Wall Street’s target of $18.9bn. And it reported profits of $4.31bn, up from $2.53bn a year ago. Both figures are a record for the fourth quarter.The firm shifted 14.1m iPhones in the period, and the Cupertino-based firm is now activating 275,000 iPhones every day. This compares to 200,000 phones a day being activated using Google’s rival Android software, according to the search giant’s latest figures. The battle is key to both firms’ plans to control the way we view the mobile internet, one of the fastest growing and most lucrative technology markets.Apple sold 9m iPods, boosted by a completely redesigned range of products, as well as 3.9m of its high-margin Mac laptop and desktop computers.It has now reported record revenues and profits for every quarter since 2007, before the onset of the recession – a remarkable feat for a firm specialising in high-end products. The latest revenue figures are an astonishing five times higher than the equivalent figure in 2005, with earnings rising 10 times in the same period.Apple now expects its first quarter revenue – traditionally its strongest – to hit $23bn as customers rush to buy its products in time for Christmas.Meanwhile, IBM reported a higher-than-expected profit and raised its outlook for the year. Its quarterly profit rose to $3.6bn on revenue of $24.3bn. It was buoyed by strong sales in its core hardware business but was hit by sluggish trading in technology services. whatsapp Tags: NULLlast_img read more

Santander UK float rocked by chief’s exit

first_imgWednesday 3 November 2010 10:08 pm Tags: NULL SANTANDER faces an uphill struggle to float its UK operations successfully on the London Stock Exchange next year, after chief executive António Horta-Osório’s shock defection to Lloyds Banking Group.Santander – which last night confirmed it had appointed Ana Patricia Botín, daughter of veteran group chairman Emilio Botín, to replace Horta-Osório – confirmed last week that it would float a 20-25 per cent stake in its UK business in a deal which could value the entire entity at up to £20bn.That valuation, and the timing of the IPO, has now come under threat from the departure of Horta-Osório, who has built up a large investor fan base while at the helm because of his smooth handling of the integration of Abbey, Alliance & Leicester and Bradford & Bingley.“This would appear poor timing for Santander, which might struggle to IPO [with] an unfamiliar chief executive,” said Bruce Packard, an analyst at Seymour Pierce.Horta-Osório confirmed yesterday in a conference call with Lloyds management that Santander was aware that he would resign prior to announcing its IPO last Thursday.Sources close to the bank yesterday said the flotation would go ahead as planned, though some hinted that it may have to be delayed in order to put the group on a more stable footing before submitting it to the mercy of nervous investors.“Santander’s board said last week that they intend to do the IPO in the early part of next year, but they were building in some flexibility anyway with regard to market conditions,” one said. “That flexibility will clearly remain in place with regard to the chief executive’s departure.”ANA PATRICIA BOTÍNINCOMING CHIEF EXECUTIVE OF SANTANDER UKWHEN Ana Patricia Botín, the Spanish ice-queen daughter of Santander’s group chairman Emilio Botín, steps up to become chief executive of Santander’s UK operations, she will become the first female boss of a large City bank.Far from using her father’s influence as a crutch to help her up the career ladder, Botín has built a reputation for being a ruthless businesswoman in her own right. Ranked 38th on this year’s Forbes list of the world’s most powerful women, she studied in the US at Harvard and spent many years working in investment banking for JP Morgan in New York, before returning to Spain to help Santander pursue its notoriously aggressive global expansion.She has been executive chairman of Banesto, a sprawling domestic Spanish bank controlled by Santander, since 2002 and has increasingly been seen as the natural successor to replace her 76-year-old father at the helm of the group when he eventually steps down.She is a scion of Spain’s most successful banking family, with her great-grandfather first taking the helm of Santander in 1909.CV | ANTONIO HORTA-OSÓRIO1993Joins the Santander group from Goldman Sachs as chief executive of Banco Santander de Negocios Portugal, the investment banking arm of Santander Totta.1999Becomes chief executive of the whole of Santander Totta.2006Joins the UK arm of Santander as chief executive, later leading its acquisitions of Abbey, Alliance & Leicester and Bradford & Bingley.2009Appointed as a non-executive director to the Court of the Bank of England.March 2011Will become chief executive of Lloyds Banking Group to replace retiring CEO Eric Daniels, having stepped down from Santander at the end of 2010. whatsapp KCS-content whatsapp Show Comments ▼ Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoMartha Stewart CBDShop Martha Stewart’s CBD Products NowMartha Stewart CBDUndo Santander UK float rocked by chief’s exit last_img read more

LSE

first_img KCS-content 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 TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp 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 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Sharecenter_img LSE has not had an easy time so far this year, after it was shuffled out of the FTSE 100 in June. Following the worst of the financial crisis, 2010 has seen nervous investors shuttle into bonds and out of equities, partly explaining why the company’s revenues saw barely any change.Its results yesterday benefited from a one-off gain of £5.6m after renegotiating VAT calculations with the Treasury, but they were otherwise right on consensus, with operating profit of £155m. Still, despite growing fragmentation in the marketplace, LSE is well-placed to compete in Europe.It maintains a dominant market share in the UK and with its move into high-frequency trading (albeit slightly marred by suspected sabotage), it has proved that, with some prodding, it is ready to move with the times. [email protected] Show Comments ▼ Tags: NULL Thursday 18 November 2010 8:33 pm LSE last_img read more

Housebuyers hit by fewest mortgage loans for 19 months

first_img KCS-content Share whatsapp Show Comments ▼ 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 TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Housebuyers hit by fewest mortgage loans for 19 months 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.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.comcenter_img whatsapp MORTGAGE approvals hit a 19-month low in October, according to figures released yesterday by the British Bankers’ Association (BBA).The number of mortgages fell for the fifth consecutive month, sinking to 30,766 – the lowest since March 2009, down from 31,058 in September.Lending for house-buyers is now half the level of before the crisis. Until August 2007, the BBA’s monthly figures would regularly hit 60,000. October’s approvals are down 26.9 per cent on the previous year, according to IHS Global Insight’s Howard Archer. The weakness of the UK housing market was further reflected by a fall in gross mortgage lending to £7.6bn, the lowest total since February 2001 and 16.1 per cent lower than a year ago.While net lending for house purchases edged up to £1.7bn (from £1.5bn in September) this is still below the monthly average for 2010, which exceeds £2bn. Prior to the credit crunch, net lending would hit £6bn in some months.The figures pour more misery on the housing market after mortgage data from earlier this month showed a similar decline. Approvals were down two per cent on September according to chartered surveyors e.surv.Yet there is not equal doom and gloom across the market. “Beneath the surface there is a real two-speed market in operation,” explained e.surv’s Richard Sexton. “Approvals are up for the most expensive properties. The flip side is that approvals for cheaper properties have fallen dramatically.” Tuesday 23 November 2010 8:48 pm Tags: NULLlast_img read more

Whitbread in boost from Premier Inns

first_imgTuesday 14 December 2010 8:22 pm KCS-content Tags: NULL Whitbread in boost from Premier Inns WHITBREAD has seen sales rise at its budget Premier Inns and Costa Coffee bars, which will help it stay on target for its full-year forecasts, the company said yesterday. Sales at Premier Inns open for more than a year grew 8.7 per cent in the third quarter to 2 December.Occupancy rose to 80 per cent in the year to date, up from 70 per cent last year while revenue per available room (RevPAR), a key industry measure, grew 9.2 per cent to £43.70. Meanwhile sales at Costa Coffee rose 11 per cent over the period, benefiting from a surge in demand for mince pies as the festive season approaches, with over 200,000 sold already this year.The average forecast for full-year pre-tax profit across the company, which also includes the Beefeater chain, stands at £279m, compared with £208m the year before.Andy Harrison, the former easyJet chief executive who succeeded Alan Parker as Whitbread chief executive last month, said the company was in good health and he would not be pursuing a change in strategy.He added: “It’s always hard to see what the new year has got in store but Whitbread has traded very well throughout the recession and I believe we’ll do well whatever the economy throws at us.” Whitbread is planning to expand its Premier Inns brand and has opened 26 new sites so far this year.More than 300 new Costa outlets will have opened by the end of the financial year.The total is now 1,200 in the UK and 650 internationally.At its restaurant business, offers such as two meals for £10 at Brewers Fayre helped the group lift sales at outlets open more than a year by 1.5 per cent while rivals have seen sales decline.ANALYST VIEWS: CAN WHITBREAD MAINTAIN GROWTH ACROSS ITS BRANDS? Interviews by John DunneSIMON FRENCH | PANMURE GORDONWe are not expecting consensus expectations to move upwards given what seems to have been a difficult start to the fourth quarter and harsh weather conditions.RICHARD HUNTER | HARGREAVES LANSDOWNDespite the company warning at the half year stage in October that the second half would be more difficult, Whitbread has maintained its impressive growth.MARK BRUMBY | LANGTON CAPITALIt’s a good company, operating in growing markets & focused on what it does best but the share price had got a little ahead of itself. Comparatives are tough and will get tougher through the fourth quarter. Share whatsapp whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldlast_img read more