Car sales slip for first time this year

first_img Car sales slip for first time this year Thursday 19 August 2010 8:52 pm whatsapp Tags: NULL whatsapp KCS-content More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPuffer fish snaps a selfie with lucky divernypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com CAR production in Britain dropped by 8.9 per cent in July as the end of the scrappage scheme hit demand, the Society of Motor Manufacturers and Traders (SMMT) said yesterday.Production for the year-to-date was still 41.7 per cent higher than in the same period in 2009, SMMT said.Last month’s drop – with 98,000 cars produced – was the first since October.Engine production fell 3.4 per cent while total vehicle production was down by 7.5 per cent to 107,578.Commercial vehicle output grew 10.7 per cent in July and by 43.2 per cent per cent in first seven months of the year.SMMT chief executive Paul Everitt said: “UK vehicle production is more than 40 per cent up on last year’s levels and while we expect some challenging conditions, economic growth has returned in all major markets around the world.”The government scrappage scheme offered new buyers a £2,000 discount if they scrapped a car that was more than ten years old, which helped to boost demand. This scheme ended in March.The car industry in Britain still accounts for a large chunk of the country’s manufacturing output even though most car manufacturers operating in the UK are foreign-owned. Share Show Comments ▼last_img read more

SABMiller to examine £7bn Foster’s deal

first_img Show Comments ▼ whatsapp SABMiller to examine £7bn Foster’s deal Share Tags: NULL More From Our Partners I 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.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.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com center_img KCS-content whatsapp Sunday 22 August 2010 10:20 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 HeraldBetterBe20 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 PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald SABMILLER, the acquisitive drinks company, will look at a £7bn takeover of Australian brewer Foster’s Group’s beer-making arm when it demerges its businesses next year.SABMiller would be likely to come up against competition for Carlton & United Breweries from Asahi, the Japanese beer manufacturer, and America’s Molson Coors. Carlton & United is seen as Foster’s prize asset and generates around 85 per cent of the group’s earnings. It boasts a juicy profit margin of 38.5 per cent.Foster’s sparked talk of a bidding war in May when it said it would split off its beer operation from its troubled wine unit. The separation, expected in the first half of next year, would provide an opportunity for SABMiller to pounce.SABMiller chief executive Graham Mackay has made no secret of his desire to consolidate the brewing industry. When he moved the company’s main listing from Johannesburg to London in 1999, Mackay said: “There will be a lot of deals in this industry and we either have to take part or be a spectator.”Since then he has proven true to his word, transforming SABMiller into the world’s second-largest brewer by buying Pilsner Urquell, Peroni of Italy, Miller of the US, Colombia’s Bavaria and Holland’s Grolsch.Buying Carlton & United would give it control of Australia’s most popular beer, Victoria Bitter, as well as a platform from which to expand in south east Asia. SABMiller would be able to challenge Anheuser-Busch InBev for global pole position.SABMiller recently made Morgan Stanley joint house broker, although the move is not related to a deal. last_img read more

Fed loses bank disclosure appeal

first_imgMonday 23 August 2010 8:40 pm whatsapp Share The Federal Reserve will have to appeal to the Supreme Court if it wants to avoid having to disclose details of its emergency lending programmes to banks bailed out with taxpayer money during the financial crisis. The US Court of Appeals denied the Fed’s motion on Friday to rehear the case in which Bloomberg, the parent of Bloomberg News, and News Corp’s Fox News Network sought information on the US central bank’s emergency lending programmes that began in late 2007. Show Comments ▼ 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 HeraldBetterBe20 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 PastTrading 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 whatsappcenter_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content Fed loses bank disclosure appeal Tags: NULLlast_img read more

British bankers ask Hague to help fight Bahrain travel ban

first_img whatsapp whatsapp Tags: NULL Share KCS-content Show Comments ▼ Sunday 5 September 2010 10:06 pm THREE BRITISH bankers who are banned from leaving Bahrain as part of a financial investigation have called on foreign secretary William Hague to intervene in their case. The three men, along with several others from Ireland and Canada, have been prevented from leaving the Arab state since 2009 while authorities look into the financial activities of Awal Bank, their previous employer.Ex-chief executive Alistair Macleod, ex-chief operating officer Anthony James and former head of operations Cliff Giddings have not been charged with any offence, but officials have rejected nine separate attempts to have the travel ban overturned. The restrictions have had “an extremely serious effect on [the men] personally”, according to the letter sent to Hague by barristers at Matrix Chambers and seen by City A.M. The trio wrote to previous foreign secretary David Miliband but were told he could not intervene with private legal matters. A spokesman for the Foreign Office said: “We are aware of the case and are providing consular assistance to three British nationals in Bahrain.” He could not confirm yesterday whether Hague had seen the letter. 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 British bankers ask Hague to help fight Bahrain travel ban last_img read more

We must unleash the private sector

first_img Share Show Comments ▼ whatsapp KCS-content IF you want to know why the looming cutbacks to the public sector will be so painful, look no further than what is happening to wage bills. It is extraordinary that at a time when savings are desperately needed, state sector wages are still growing much faster than those in the private sector. In the year to July, total pay growth in the private sector stood at 1.2 per cent, compared with 2.7 per cent in the public sector. This makes no sense: a pay freeze in the public sector would allow tens of thousands of jobs to be saved. What matters is the total wage bill, the number of staff multiplied by all of their costs – and the fact that this is still going up means that job-cutting will have to be even harsher. State jobs are starting to go down but not yet by much. Public sector employment peaked at 6.097m – on the official payroll, omitting contractors, agency workers, GPs, freelancers and others who are state sector employees in all but name – in the fourth quarter of last year. The subsequent two quarters have seen declines; the number now stands at 6.051m. So far, the private sector has easily compensated for this: yesterday’s figures from the Office for National Statistics show a huge jump in private employment. Despite the small cuts in the state sector, total jobs increased at the fastest quarterly rate since May 1989, when the economy was in an other unsustainable bubble. Private jobs increased by 308,000 (1.4 per cent), a very healthy number, on the face of it at least. This easily compensated for the 22,000 (or 0.4 per cent) drop in public sector employment. The main caveat is that the quarterly increase in employment was mainly driven by part-time workers, which increased by 166,000 on the quarter to reach 7.93m, the highest figure on record. However, full-time workers increased by 121,000 on the quarter to reach 21.23m, not a bad result. Part-time workers now account for 27.2 per cent of total employment.In the second quarter of 2010, the public sector accounted for 20.8 per cent of total employment in the United Kingdom, down from 21.0 per cent in the first quarter (these figures probably underestimate the real reach of the public sector by around three percentage points or so).Those who claim that there is no way that the private sector can create jobs to replace the 600,000 or so that will probably be lost in the public sector over the next five years are too pessimistic. It will be tough but it is perfectly possible (and in fact likely). The economy will probably grow by just 1.7 per cent this year yet we will finish the year with more full-time private jobs than we started it. But that’s hardly a great result. We need much greater private sector job creation than we are likely to get. The problem is not that the public sector is being cut (that is essential to avoid national bankruptcy). The problem is that the private sector is too weak, too burdened by ever more costly rules and costs. Shrinking the state will liberate some resources for the private sector; but what we also need is an ambitious supply-side, pro-entrepreneur programme of marginal tax cuts, deregulation and vigorous welfare reform to jolt the private sector and labour market out of their stupor. The private sector needs an injection of fresh capitalist energy to perform to its true potential. Let us hope somebody is listening in Downing [email protected] More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comcenter_img Wednesday 15 September 2010 9:07 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayNoteabley25 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.com Tags: NULL whatsapp We must unleash the private sector last_img read more

Unions accused of foul play in Labour campaign

first_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Show Comments ▼ KCS-content whatsapp Unions accused of foul play in Labour campaign whatsapp Sharecenter_img Sunday 26 September 2010 10:38 pm 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com CHARLIE Whelan, the outgoing political director of the Unite union, yesterday claimed he delivered a victory for Ed Miliband by pressuring six Labour MPs to change their vote. The former Gordon Brown spin doctor said he convinced the MPs, who rely on trade union funding, to put Ed Miliband as their second preference. Under Labour’s electoral college, an MP’s vote is worth about 600 ordinary party member votes. The claim will come as an embarassment to Ed Miliband, who won the election by sweeping up the votes of trade union members. His brother David was more popular with both MPs and members. Tags: NULLlast_img read more

Ex-Hawkpoint boss Briance joins Edmond de Rothschild

first_img whatsapp Ex-Hawkpoint boss Briance joins Edmond de Rothschild KCS-content Share Show Comments ▼ Monday 11 October 2010 8:49 pm whatsappcenter_img INVESTMENT banker Richard Briance has ambitious plans for the expansion of the Edmond de Rothschild group’s UK operations, after taking his new role at the helm of the firm.Briance, who was formerly chief executive and then deputy chairman of corporate finance advisory boutique Hawkpoint, has joined Edmond de Rothschild as its new UK chief executive, overseeing its current operations in corporate finance, fixed income, emerging market country funds and a fund of hedge funds arm.“The blindingly obvious opportunity is in building up a UK-located private banking operation,” Briance said, citing the group’s strength in the private banking market in Europe and the reassuring pull of the Rothschild family name.But the firm, which employs around 50 people in London, may also look to add to its strengths in other areas, Briance said. One possible option would be the addition of a specialist asset management business, perhaps focused on the emerging markets or on specialised credit.Briance was also previously chief executive of WestMerchant Bank, global head of fixed income at UBS and a managing director at Credit Suisse First Boston. 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 PastUndoBrilliant TravelerHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeBrilliant TravelerUndoThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsUndo 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 Tags: NULLlast_img read more

A tip for regulators: no risk means no gain

first_imgSunday 7 November 2010 8:25 pm Share KCS-content This time last year, in my first column for City A.M., I cautioned that efforts to restore public confidence in parts of the financial services industry would be a marathon, not a sprint.Now that I approach the finish line marking the end of my tenure as Lord Mayor, I am glad to see the City has taken major strides towards addressing the lessons of the financial crisis.A keenly contested general election, relatively high unemployment and a patchy global economic recovery have made for a difficult political environment over the past year.The industry has nonetheless worked in close partnership with policymakers on macro-prudential reform to examine how we can serve our clients – and ultimately the nation – better. Our task, together with regulators, is to be the best at managing the risks we take. In this light, it is positive that British banks are already well placed to meet their Basel III capital requirements. Regulation and oversight are part of the solution. What the City needs in this area is certainty, clarity and consistency. That is good for business and the country. It is worth remembering, however, that we are actually capitalists. And this means taking risks, because no risk means no gain. A typical response to previous crises has been to increase the number of regulators and reams of regulations. This approach has not worked in the past and nor will it this time. Law and regulation in themselves cannot drive the actions of financial institutions and their staff. That can only come from the culture of individual organisations.This has been a recurring theme during my time in office. I started this year with an event on ethical investing, took part in an event on corporate governance and ethics in the Square Mile, and then hosted a lecture by Stephen Green.And last month, City leaders came together at Mansion House for a debate on how institutions can promote strong internal cultures and engage with the wider community as part of an industry-wide effort to rebuild trust. We must be sensitive to these issues, and others like bonuses. But the City operates in an increasingly competitive international marketplace and policymakers should look to secure consensus with major G20 rivals rather than act in isolation.My overseas business visits as Lord Mayor – 35 cities, in 21 countries – have shown me that the City continues to be held in high esteem globally. We cannot, however, afford to be complacent. The danger is that rapidly developing markets in Asia and Latin America could edge ahead of us if we get reform wrong.So as I prepare to pass on the baton to the 683rd holder of this great office, Alderman Michael Bear, we must continue sprinting towards the line in order to defend the City’s status as a national and international asset.Nick Anstee is Lord Mayor of the City of London by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory A tip for regulators: no risk means no gain Show Comments ▼ whatsapp whatsapp Tags: NULLlast_img read more

No deal on pay transparency

first_img KCS-content 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 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 Proof Show Comments ▼ THE government is unlikely to win concessions on pay transparency for banks but will instead secure a promise to increase lending to small and medium-sized businesses.Despite a campaign by some politicians, who have called for banks to reveal how many employees receive over £1m in pay, divisions among banks make it unlikely that an agreement will be reached. Banks with a high portion of their revenues drawn from abroad – including HSBC, Barclays and Standard Chartered – have argued that revealing how many employees receive over a certain threshold would cause less well-paid employees to demand pay rises, causing wage inflation. They say that such rules should only be implemented if they are global to ensure “a level playing field”.Instead, banks will commit to increase their lending to small businesses by some £10bn.However, a lack of cooperation on pay transparency is likely to stir divisions within the coalition government. The Liberal Democrats have championed transparency.Lib Dem Treasury spokesman Lord Oakeshott said yesterday: “We are not going to be blackmailed.” He added that “the bonus problem… is the number one item in our coalition agreement”.He also emphasised the difference between the Tories’ position and that of his party, saying: “David Cameron is a Conservative prime minister, but that doesn’t mean we’re not going to implement the coalition agreement.”Further action on bankers’ pay has been championed by business secretary Vince Cable, but he is keeping a low profile after making unguarded statements about Rupert Murdoch to undercover reporters in December. whatsapp Sharecenter_img No deal on pay transparency 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 Sunday 9 January 2011 11:05 pm Tags: NULLlast_img read more

Interserve shares gain on positive outlook for 2011

first_img Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsapp Tuesday 11 January 2011 7:27 pm whatsapp 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 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.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldcenter_img Interserve shares gain on positive outlook for 2011 KCS-content Show Comments ▼ BRITISH maintenance and outsourcing firm Interserve said it expected a stable 2011 on a strong order book and better margins, sending its shares up 14.7 per cent to 268.5p.“The consensus that is emerging for 2011 is very much stable in terms of revenue, which should be somewhere around the £1.8-1.9bn level,” said chief executive Adrian Ringrose.The company said yesterday that trading in the second half was in line with its estimates, helped by a margin-expansion drive at its support services business and strength in project services.“We would expect to see continued growth in our support services division,” Ringrose said. “And we’d probably expect to see our project services division come back a bit in 2011.”Interserve said it won more than £500m worth of contracts in recent months. It has a future workload of more than £5bn, around £1.5bn of which relates to 2011. Tags: NULLlast_img read more