Chinese consortium to bid for AIA stake

first_imgMonday 16 August 2010 3:00 am Share whatsapp Chinese consortium to bid for AIA stake Show Comments ▼ John Dunne center_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoHero WarsBig Boss of internet games!Hero WarsUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndo 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot A consortium of leading Chinese companies including Industrial and Commercial Bank of China China Life Insurance, plans to bid for a 30 per cent stake in American International Group’s Asian life insurance business, AIA, the 21st Century Business Herald has reported.That would mean an investment of about $10bn (£6bn) based on AIA’s estimated $30bn value, which was what British insurer Prudential Plc last agreed to pay for AIA before its bid collapsed earlier this year.Bailed out insurer AIG is planning to list American International Assurance (AIA) on the Hong Kong stock exchange later this year, which could raise about $15bn.AIG was set to name Citigroup, Deutsche Bank AG, Goldman Sachs Group Inc and Morgan Stanley as joint global coordinators for the IPO, sources told Reuters.Other members of the consortium include Cinda Asset Management Fosun Group, Hony Capital (an investment arm of Legend Group, parent of Lenovo Group (0992.HK)), and Alibaba.com Ltd , according to the newspaper. Tags: NULLlast_img read more

FSA bans five insurance execs and hands out £150,000 fine over fraud

first_imgTuesday 17 August 2010 7:57 pm KCS-content Show Comments ▼ whatsapp THE Financial Services Authority (FSA) has banned five individuals in relation to insurance fraud and given one director a near-record fine of £150,000.The FSA said yesterday that the five insurance executives whom it had banned had shown complete disregard for the interests of their customers.Andrew Jeffery, a director of Jeffery Flanders Limited, was fined £150,000 for failing to put in place adequate insurance policies and knowingly forging documents. The FSA described it as one of the largest ever fines against an insurance broker.Barrie Duncan Aspden of Orion Direct Limited and Peppercom was banned for using customer money to create a new company, meaning that customers were at risk of being uninsured because their premiums were being misused.Aspden’s wife Melanie and his sister-in-law Gaenor Clayton were also banned, along with Orion executive Paul Willment, for their roles in the affair. Willment was fined £50,000.The FSA has sought to toughen up its act in the wake of the financial crisis, and last month it handed out a £320,000 fine to the former finance director of Northern Rock, the first British victim of the credit crunch.Margaret Cole, director of enforcement and financial crime at the FSA, said: “Individuals holding a role such as that of director must act with integrity as well as with the necessary skill, care and diligence”. 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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com whatsappcenter_img 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 HeraldCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal Past Share FSA bans five insurance execs and hands out £150,000 fine over fraud Tags: NULLlast_img read more

BA boss eyes fresh round of merger deals

first_img Show Comments ▼ whatsapp 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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan BRITISH AIRWAYS chief executive Willie Walsh has drawn up a hit list of a dozen companies he wants to buy after he has sealed his merger with Iberia and American Airlines in a bid to become the biggest airline group in the world.Walsh said: “The mergers with Iberia and American were never meant to be an end in themselves. I have sat down with Iberia and we initially looked at 40 like-minded airlines who believe that the future of the industry lies in consolidation. We have since narrowed this down to 12. Becoming the biggest airline group in the world is not a bad ambition to have.”Currently BA is dwarfed by Germany’s Lufthansa and Anglo-Dutch outfit Air France-KLM, and is threatened by fast-growing Middle Eastern rivals like Emirates and Etihad.The BA chief, who was speaking in Mumbai after having launched an improved 777-300ER long-haul service to the Indian capital, would not be drawn on who was on the list. But sources close to the airline say possible targets include Qantas, Cathay Pacific, Air Berlin and Gulf Air. Walsh, 48, said: “This is a long-term plan and some of this won’t be completed until after I retire. But the larger group will be set up with the intention of pursuing consolidation.”Walsh will start looking at cutting his next airline deal in 18 months to two years time and his first job is to pursue €400m (£333.9m) a year worth of cost savings in the larger group within the next five years.In the summer BA, American Airlines and Iberia received approval from the EC and the US Department of Transportation to merge their operations.The merger is expected to happen by the end of the year, when BA and Iberia – who are pursuing a full-blown merger – will form International Airlines Group (IAG) which will sit above both airlines.Walsh will move from his current post to become chief executive of IAG while Antonio Vasquez will move from chairman of Iberia to become chairman of IAG. BA finance director Keith Williams will become the new chief executive of BA. Tags: NULL KCS-content center_img Share More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.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.com BA boss eyes fresh round of merger deals whatsapp Sunday 5 September 2010 10:26 pmlast_img read more

Virgin Atlantic and Balpa meet to avoid industrial action by its pilots

first_imgMonday 6 September 2010 8:33 pm Share 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 whatsapp Virgin Atlantic and Balpa meet to avoid industrial action by its pilots center_img Tags: NULL whatsapp 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.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald VIRGIN ATLANTIC management met with members from trade union Balpa yesterday in a bid to settle tensions with the airline’s pilots and avoid a possible strike. The two met last night in an attempt to smooth over a mounting dispute between Virgin Atlantic and its pilots over holiday entitlement and time off.Balpa, which represents over 75 per cent of airline and helicopter pilots in the UK, said the dispute is over the number of days pilots are allowed to take off in addition to holiday privilege.Virgin Atlantic pilots have been angered by changes to a system which guarantees them 120 days off a year, on top of holiday, in return for routinely working weekends and bank holidays.The airline is looking to trim the figure in a bid to cut costs. The airline reported a £132m loss last year.If neither side can come to an agreement, Balpa already threatened Virgin Atlantic with the possibility of launching the first strike the airline will have suffered. A spokesperson from the airline said that last month’s talks were constructive and that it awaited Balpa’s reaction.As City A.M. went to press last night, a decision had not been made. Yesterday’s discussions followed a meeting last month between the union, the airline’s pilots and senior figures at Virgin Atlantic to address the growing concerns. But talks ended early last month in a bid to avoid confrontation as no agreement was reached at that time. Show Comments ▼last_img read more

UK trade gap hits new record as imports soar

first_img UK trade gap hits new record as imports soar whatsapp Britain’s goods trade deficit with the rest of the world unexpectedly widened to a record high in July after imports of chemicals and oil surged and exports fell, data off showed.The total trade deficit, which includes services, also widened sharply to its highest in almost five years, denting hopes that exports will be able to drive growth as the government and consumers rein in spending.The Office for National Statistics said the goods trade gap widened to £8.667bn in July from £7.5bn in June, wrongfooting analysts who had expected a broadly unchanged reading.July’s deficit was the biggest since the series started in January 1998 and has not been exceeded in earlier but non-comparable records that date back to 1697.Imports rose 3.1 percent on the month, driven by an increase in imports of organic chemicals, pharmaceuticals and oil, the latter due to maintenance work on North Sea oil rigs.Exports, by contrast, fell 0.9 per cent, led again by chemicals and oil.Economists will be keen to see whether the deterioration continues or if July’s figures prove a short-term hit from oil rig maintenance work.Including services data, the total trade gap widened to 4.916 billion pounds from £3.9bnn, its widest since August 2005.The non-EU goods trade gap also widened more than expected to £4.8bn £4.3bn, its widest since January. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.com whatsapp John Dunne center_img Thursday 9 September 2010 5:31 am Show Comments ▼ Share 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.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.orgKiller 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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: NULLlast_img read more

Profit jump lifts shares in Bodycote

first_imgWednesday 13 October 2010 7:54 pm whatsapp Profit jump lifts shares in Bodycote whatsapp SHARES in Bodycote shot up more than nine per cent yesterday after the engineer revealed that full-year profit would come in at the top of analysts’ expectations. Bodycote said renewed demand from heavy truck customers such as Scania and Volvo has helped push revenue in the nine months to 30 September up 13 per cent. Sales to the aerospace and defence sectors saw some pick-up towards the end of the third quarter, while gas turbine revenues stabilised but remained at low levels. Oil and gas sales continued to be solid.Turnover during the summer was stronger than expected, as the company suffered less than feared from customer summer shut-downs. Analysts expect full-year operating profit of £38.5m to £49m on the back of sales of around £473.5m, said a Thomson Reuters poll.Bodycote said cost savings from its restructuring were in line with the £44.5m per year it predicted earlier in 2010. The company said in February it expected the economic recovery to take place over a number of years, as it posted pre-tax profit of £3.7m for the year compared to £67.6m in 2009. Shares in the FTSE 250 firm closed 9.06 per cent up at 301p yesterday. Share center_img 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 Times Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe 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 Wrap KCS-content last_img read more

Barclays warns of consolidation

first_img Barclays warns of consolidation BARCLAYS president Bob Diamond yesterday predicted that the avalanche of new financial regulation will spark a wave of consolidation across the banking sector, as struggling banks are swallowed up by more successful rivals.Diamond, answering questions from delegates at the CBI’s annual conference, said that higher capital requirements in particular would mean that banks will increasingly have to focus their efforts on generating adequate returns rather than on growing their businesses.But he said that the tougher environment would have the added effect of widening the gulf between the “winners and the losers” among the banks.“That means we’ll see significant consolidation across the European banking sector going forward,” he said.Diamond’s view was echoed by the CBI’s Richard Lambert, hosting his last conference as director-general before stepping down from the role next year.“We will increasingly see a trade-off between stability and competition in the banking sector,” Lambert told City A.M. on the sidelines of the conference. “Regulation will make it even harder for new entrants to the banking market. Only one new bank has opened on the UK high street in the past 100 years and I am not expecting any more to arrive any time soon.”Lambert’s comments come at a time when numerous potential new entrants have gone quiet on plans to enter the banking market, including Virgin Money and Walton & Co – the brainchild of Panmure Gordon banking analyst Sandy Chen.Only Metro Bank – backed by US retail banking tycoon Vernon Hill – has actually gone ahead with a high-profile opening.In addition, two of the City’s most high profile veterans, Lloyd’s of London boss Lord Levene and David Walker, who led a review of corporate governance in the bank sector last year, are also looking to set up a vehicle to buy up UK banking assets. The venture has been given the working title of “Project New Bank”. KCS-content Monday 25 October 2010 7:39 pm Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com whatsapp whatsapp Tags: NULL Sharelast_img read more

Profits plunge as Santander confirms IPO

first_imgThursday 28 October 2010 9:17 pm KCS-content whatsapp More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushcenter_img SANTANDER Group shocked the City yesterday, warning that full-year profits would not meet its target due to Spanish regulatory changes.The warning came as the CEO of Santander UK, António Horta-Osório, confirmed that the UK business will go ahead with an IPO in 2011, probably in the first half of the year.The IPO is expected to sell a 20-25 per cent stake in the UK business that will be used to recoup some of Santander Group’s £4.5bn outlay to buy 318 Royal Bank of Scotland branches. The Eurozone’s largest bank is understood to have appointed Morgan Stanley as an adviser.However, it is not clear if a 25 per cent float would be sufficient to repay the full £4.5bn investment from Banco Santander. The group’s third-quarter results, announced yesterday, showed a sharp fall-off in profits, with quarterly pre-tax profits plunging to €2.5bn, 12 per cent down on last year. Year-to-date, earnings per share (EPS) have fallen 11.3 per cent to €0.70 per share. The UK business was not affected and posted a 20 per cent rise to pre-tax profit to £619m over the period.Santander UK, which includes subsidiaries Alliance & Leicester, Bradford & Bingley and Abbey National, is showing strong growth.The number of new accounts being opened in the UK is up 166 per cent on last year’s third quarter to 786,000 and small business lending increased 23 per cent.Santander blames the group-wide overall fall on changes brought in by the Bank of Spain, claiming that without the change, EPS would have declined only 4.5 per cent. The new rules require more funds to be set aside as loan loss provisions.But analysts were sceptical. Execution Noble’s Joseph Dickerson downgraded the stock, advising investors to sell: “You have rising costs, profit and loss going backwards and an ongoing deterioration in credit.”S&P Equity Research also downgraded the stock, from “strong buy” to “buy”, with analyst Marco Troiano saying: “Excluding the regulatory, results were still slightly weaker than we expected on revenues.” Profits plunge as Santander confirms IPO Show Comments ▼ Share Tags: NULLlast_img read more

London boosts Winkworth

first_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org London boosts Winkworth KCS-content Show Comments ▼ LONDON estate agent Winkworth expects to beat its 2010 profit targetsafter growing revenues 20 per cent in the first nine months of the year, it announced yesterday. Its third quarter trading update said it saw “further strong performance” in the three months to September, despite relatively low transaction volumes and a weaker pricing environment.Broker Finncap forecasts-pre tax profits of £1.1m for the end of 2010.The franchise chain’s existing offices grew property sales by 42 per cent year-on-year from reduced levels. Six new offices were opened this year, including one in Highbury.Chief executive Dominic Agace said London remains a prime property market and Winkworth’s best performing offices were those that “leverage off London.”Winkworth has 58 London offices and is “expanding into markets that look to London for their buyers,” he said.Agace expects prices in prime markets to rise by five per cent next year due to low interest rates and a weak sterling.Currency weakness is making London attractive to international buyers, who now make up 70 per cent of applicants to buy London properties, he said.A supply shortage in the rental market, fuelled by a lack of buy-to-let mortgage approvals, is expected to increase rents by five per cent in 2011. whatsapp Tags: NULL Share Monday 22 November 2010 7:23 pm whatsapplast_img read more

Russia nears WTO?membership

first_img Russia nears WTO?membership whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Russia has entered the final stage of its 17-year-bid to join the World Trade Organisation and outstanding issues should be resolved in the coming months, economy minister Elvira Nabiullina said yesterday. The comments indicate that the largest economy still outside the 153-member WTO could join the body that regulates world trade in the course of 2011. whatsapp Sharecenter_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 Famous, Now She Works In {State}MoneyPailSerendipity 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 HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoammoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Show Comments ▼ Tuesday 23 November 2010 8:54 pm Tags: NULLlast_img read more