China Construction Bank boosts profit but growth slows

first_img whatsapp China Construction Bank boosts profit but growth slows Show Comments ▼ PROFITS at China Construction Bank (CCB) rose by a fifth in the second quarter as the world’s second-biggest lender by market value seeks to raise 75bn yuan (£7.1bn) to fuel growth.Profit growth at CCB, China’s biggest lender to home buyers and construction projects, beat market expectations, but slowed from a rise of more than a third in the last quarter.China has stepped up efforts in recent months to curb property and infrastructure lending, conducted stress tests on mortgage loans and increased scrutiny over banks’ loan books. This has triggered investor concerns over banks’ asset quality after a lending binge last year.CCB, which is 11 per cent owned by Bank of America, said it earned a net profit of 35.6bn yuan (£3.38bn) during the April-June period, compared with 29.6bn yuan a year earlier.The results beat the expectations of seven analysts polled by Reuters, who forecast on average that CCB’s quarterly profit would rise 16 per cent to 34.3bn yuan.In the first half, CCB’s profit rose 27 per cent. That compares with a 60 per cent jump at China Merchants Bank and a doubling in earnings at newly-listed Everbright Bank.“The growth is higher than I expected,” said Jin Lin, analyst at Orient Securities in Shanghai. “Loan expansion will be the main driver of profit growth for banks in the future.”CCB plans to sell 75bn yuan (£7.1bn) worth of shares in Shanghai and Hong Kong as early as the fourth quarter to replenish capital. whatsapp KCS-content More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Sunday 22 August 2010 10:00 pm Share Tags: NULLlast_img read more

Read More »

Metro Bank vows to employ 500 staff by next year as it opens second branch

first_imgThursday 2 September 2010 8:37 pm whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden 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.orgFlorida 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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Share 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 ScottsdaleMoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity 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.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Metro Bank vows to employ 500 staff by next year as it opens second branch center_img whatsapp Tags: NULL Show Comments ▼ KCS-content HIGH STREET upstart Metro Bank said it would employ more than 500 staff by the end of next year as it opened its second branch in the UK.Chief executive Craig Donaldson told City A.M. the retail deposit taker, which aims to attract disillusioned customers from other major lenders, would have 200 employees by Christmas. It aims to more than double the number in 2011.“We’ve been overwhelmed by customer interest, and we’re recruiting staff aggressively to meet the number of savers joining,” Donaldson said. Metro met its one-year target for account openings within a month of launching, he added.Metro opened an outlet in Earl’s Court today to complement its existing site in Holborn. The institution plans to unveil branches in Fulham Broadway and Borehamwood this year before opening a further eight in 2011. Within a decade it could have 200 branches on high streets across the?UK. Although Metro admits its interest rates will not top newspapers’ “best buy” tables, it sells itself on seven-days-a-week availability and a late 8pm closing time. last_img read more

Read More »

BEST OF THE BROKERS

first_imgWednesday 8 September 2010 8:07 pm STHREESeymour Pierce upgraded the recruiter to a “buy” from “outperform” ahead of tomorrow’s trading update, with a target price of 330p. The broker notes SThree’s peers have indicated the jobs market is improving.OCADOShore Capital maintains a “sell” rating on the grocer, with a target selling price of 157p. The broker says Ocado’s flotation in July has not boosted sales, and the lack of other figures makes forecasting risky.PREZZONumis Securities rates the restaurant chain an “add” following its first-half results, with a target price of 58p. The broker has upgraded its forecasts by an average of 17 per cent, with EPS forecast at 4.4p. KCS-content Show Comments ▼ BEST OF THE BROKERS whatsappcenter_img 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 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 TimesBetterBe20 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.comFolliboost Haircare SerumThinning Hair? Use this For 1 Month and See What HappensFolliboost Haircare SerumFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm Oracle Share Tags: NULLlast_img read more

Read More »

Hope for hedgies as vote on controversial law postponed

first_img More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Show Comments ▼ The European Commission and European Parliament have been unable to agree a final draft of the Alternative Investment Fund Managers (AIFM) directive, which is set to clamp down heavily on the two industries. The parliament is pushing for softer treatment of private equity-backed companies and a compromise on the controversial “third countries” law, which would stop EU investors putting money into non-EU funds.Resistance by the council means a crucial parliamentary ballot on AIFM has been moved back from 21 September to some point in October.Syed Kamall, a Conservative MEP who is fighting to lighten the directive, said: “I look forward to seeing what compromises the Belgian presidency comes up with before then. But my concern is, how balanced is the majority position in parliament?”Simon Walker of the British Venture Capital Association said: “The terribly important thing is there should be no discrimination against companies owned by funds.” PRIVATE EQUITY dealmakers and hedge fund traders are hoping for a last-minute reprieve after a crunch vote on tough new European rules was delayed until next month. Tags: NULL Hope for hedgies as vote on controversial law postponed Share 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 AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Monday 13 September 2010 8:55 pm KCS-content whatsapplast_img read more

Read More »

Profits hit record high at Arsenal

first_img Show Comments ▼ whatsapp KCS-content Share ARSENAL will today announce record pre-tax profits of around £55m, an increase of £10m, as the football club continues to reap the rewards of moving to the Emirates Stadium.City A.M. understands that the strong performance of Arsenal Holdings’ property development arm has driven an increase in revenue. The north Londoners’ continued success off the field will see them record an increase in turnover for the fourth successive year since leaving Highbury for their new home.Pre-tax profit is significantly up on last year’s figure of £45.5m for the year ending 31 May. That improvement has been aided by strong sales of apartments in the group’s Highbury Square Development. It is understood that only a very small number of the 655 residences in the club’s former stadium remain unsold.The success of that project is thought to have enabled the club to pay off the remaining debt on the development, which at one stage totalled £133m, six months early.Revenue has also been boosted by on-field results, with a Champions League run earning the club £27m in prize money and revenue. Premier League income rose past £51m, while player trading is expected to show a profit of around £30m.Manchester United reported pre-tax profits of £48.2m in January while league champions Chelsea announced a £44.4m loss in December. Thursday 23 September 2010 8:40 pmcenter_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity 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 Profits hit record high at Arsenal whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comlast_img read more

Read More »

Alan Johnson will be a tough political rival

first_img whatsapp Tags: NULL Share Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Show Comments ▼ KCS-content whatsapp Alan Johnson will be a tough political rival Sunday 10 October 2010 11:38 pm THE knives are already out for Alan Johnson, Labour’s new shadow chancellor, who was welcomed by his opposite number with a thinly-veiled jibe. “I haven’t come across him directly because he’s never held any economic portfolio before,” George Osborne said on learning of his appointment. Tory MPs, along with a few Labour ones, are queuing up to say he cannot possibly master the brief because he hasn’t got a university degree – let alone an economics one – and left school at 15 with no qualifications. Others point out, with a wry smile and raised eyebrow, that he used to be a postman, as if this somehow renders him incapable of being chancellor. It’s true that Johnson’s poor knowledge of economics will be his Achilles heel. Just as Osborne, a history graduate, struggled to land blows on Gordon Brown and Alistair Darling, Johnson won’t be able catch his sparring partner out as much as he’d like. But Labour’s best economist, Ed Balls, would have been a toxic choice; the Tories were desperate for Ed Miliband to give him the job. Aside from his rather crucial weakness, Johnson will be a formidable opponent. His time as home secretary passed without a hitch, with none of the disasters that destroyed his predecessors, as did his swift ascent through the ministerial ranks. A former trade unionist, he is loved by the left, but is as Blairite as they come. He is also undoubtedly the Labour party’s best media performer, with a knack of making the most ridiculous policy sound entirely reasonable.Johnson does, of course, have flaws. He follows the Ken Clarke approach to hard work, believing there is more to life than politics. That’s fine when you’re in government, with armies of officials to support you, but opposition – something Johnson has never known – is a tough slog.The Tories used to have sleepless nights at the thought of Johnson challenging Brown, and leading Labour into the election. They can’t now pretend that he’s not a serious threat. last_img read more

Read More »

Home repossessions tumble

first_img Show Comments ▼ Home repossessions tumble Share Thursday 11 November 2010 7:41 pm THE number of homes repossessed by lenders in Britain fell to a two and a half year low in the third quarter, data showed yesterday, but courts issued more orders to reclaim homes, suggesting there may be a rise ahead.Figures from the Council of Mortgage Lenders showed that 8,900 homes were repossessed in the third quarter, down from 9,400 in the second quarter and the lowest since the first quarter of 2008.Separate data from the Ministry of Justice showed that courts in England and Wales issued five per cent more repossession orders compared with the previous quarter at 14,138 – the first quarterly rise in a year.Court orders for repossessions do not always result in a person losing their home, and almost half of the orders were suspended, giving homeowners more time to repay their debts, but the third-quarter may signal a reversal of the recent downtrend.Repossessions have been falling since early 2009 when they peaked at 13,000, but analysts reckon they could rise again once government spending cuts – expected to cost half a million public sector jobs over the next five years — kick in.“The substantial fiscal squeeze will increasingly hit public sector jobs and consumers’ pockets, while households already face high unemployment, muted earnings growth and elevated debt levels,” said Howard Archer, economist at IHS Global Insight.“There will also be a lagged impact from the recession as relatively gradual recovery overall will mean that many people who have lost their jobs will be unemployed for a long time and this will weigh heavily on their finances.”The CML said home repossessions in the first nine months of this year totalled 28,400, and was trending below its forecast for 2010 as a whole. 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 Timesmoneycougar.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 FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comKansas coach fired for using N-word toward Black playerthegrio.comcenter_img Tags: NULL whatsapp whatsapp KCS-content last_img read more

Read More »

Madoff trustee sues JPMorgan for $6.4bn

first_img whatsapp Madoff trustee sues JPMorgan for $6.4bn Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Thursday 2 December 2010 8:32 pm Tags: NULL whatsapp THE trustee seeking money for defrauded former clients of Bernard Madoff said he filed a $6.4bn (£4.1bn) lawsuit accusing JPMorgan Chase of aiding the imprisoned Ponzi schemer’s fraud as his main banker yesterday.The lawsuit is the second largest that trustee Irving Picard has filed against former Madoff clients or others he believes assisted in the estimated $65bn Ponzi scheme.JPMorgan, the second-largest US bank, was for more than 20 years the main banker for Bernard L. Madoff Investment Securities, which the trustee is liquidating following its 11 December 2008 collapse. Picard must file “clawback” lawsuits to recover money lost in the fraud by the two-year anniversary of the Madoff firm’s demise. “While many financial institutions enabled Madoff’s fraud, JPMorgan was at the very center of that fraud, and thoroughly complicit in it,” David Sheehan, a lawyer representing the trustee.JPMorgan said it will defend itself against Picard’s lawsuit. “Any suggestion that JPMorgan supported Madoff’s fraud is utterly baseless and demonstrably false,” spokesman Brian Marchiony said. “Contrary to the trustee’s allegations, JPMorgan did not know about or in any way assist in the fraud orchestrated by Bernard Madoff.” KCS-content Sharelast_img read more

Read More »

Coalition is failing to control red tape

first_imgMonday 13 December 2010 9:34 pm Share KCS-content THANKS to John Redwood, the Tory MP, we now know that the coalition’s supposed commitment to deregulation is a sham. Small business owners – which are most affected by red tape as they can’t afford vast HR departments – already knew this, of course, and all firms in the country, not just the finance sector, are being hit by new regulations. These include the ill-thought through ban on compulsory retirement which – while well-intentioned – actually means that many workers will end up being sacked instead, triggering huge litigation. The coalition’s official policy is “one in, one out” when it comes to regulation, which would imply no net increase. Redwood tested this with Parliamentary questions to see how government departments are getting on. He compiled figures for statutory instruments introduced and removed over the past six months, and discovered that only two departments have actually reduced red tape. These figures obviously don’t give the whole picture but provide the best indication so far of what is happening.Communities and Local Government has added 21 regulations and abolished 40, cutting a net 19; Environment has added 31 and abolished 45, cutting a net 14. These figures don’t clarify whether regulations abolished will make any difference, or whether only disused, irrelevant bits of legislation are being jettisoned. But the two departments are nevertheless to be congratulated – they account for 80 per cent of the 106 regulations abolished.The Cabinet Office, International Development and the Foreign Office have neither added not cut rules. But the remaining ten in the survey have added more than they have taken away, breaching the coalition’s own policies. They have introduced a total of 155 regulations and abolished just 21. Energy and Climate change has added 14 and repealed none; Transport added 15 and repealed none; Health added 19 and abolished two; Work and Pensions added 31 and cut 11; Business has added 20 and abolished none; and Justice, the worst offender, has added a 22 and eliminated only one. In many cases the UK government is merely implementing EU regulation, albeit often with its very own gold-plating. The House of Commons Library’s October report How much legislation comes from Europe? is a good place to start to work out who is at fault, though it highlights how hard it is to find a definitive answer. It proposes several different estimates of the EU’s impact. One of its metrics – which seems about right to me – estimates what proportion EU regulations and EU-related UK laws form out of the total volume of UK laws. It finds a figure of 53 per cent for last year, with the answer ranging from 37 per cent to 65 per cent between 1997 and 2009. It is hard to know for sure. But while the EU accounts for a large chunk of all UK laws and regulations, it remains the case that most departments ought to have been able to cut – or at least not increase – the burden of red tape. The fact that they are actually still adding to it demonstrates that they don’t really understand the challenges facing the private sector and how passionately small firms feel about the burden of red tape. Until we get a pro-growth policy that encourages small firms to hire staff and invest, the UK economy will continue to under-perform. It’s hardly rocket science but some officials evidently never [email protected] whatsapp whatsapp Coalition is failing to control red tape Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.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.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Tags: NULLlast_img read more

Read More »

Lloyds insurers hit as disaster costs balloon

first_img KCS-content Lloyds insurers hit as disaster costs balloon by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm FOUR Lloyds insurers saw their profit forecasts slashed by RBS analysts yesterday due to ballooning losses from natural disasters. Chaucer, Catlin, Hiscox and Lancashire saw their full-year pre-tax profit estimates cut by up to a fifth due to losses from the earthquake that devastated Christchurch in New Zealand last September. And insurers, already hit by losses of $5.5bn to $6bn from that quake alone, are likely to be further hurt by fresh losses from the floods in Queensland, Australia, RBS analyst Joanna Parsons warned. “It seems likely that there will be some notable claims arising from the disaster, especially regarding business interruption and potentially from flooded mines,” she said. The Queensland floods, which have killed nine people and seen thousands evacuated, are estimated to have cost the Australian economy $6bn so far and the coal industry alone $2bn from mine closures. Analysts are already speculating about insured losses running into billions of dollars.RBS expects Chaucer’s profit to drop 21 per cent to £34.1m in 2010, after it almost doubled its estimated net loss from the earthquake to $20m from $12.5m last month. Both Catlin, which upped its estimated loss from the quake by $10m to $45m in December, and Hiscox, had three per cent cut from their RBS profit forecasts, while Lancashire lost two per cent.Hiscox is one of several reinsurers expected to pay claims from the New Zealand Earthquake Commission’s reinsurance programme, which is expected to lodge claims totalling up to N$3.5bn (£1.71bn) resulting from the quake.Amlin, another of the commission’s reinsurers, also yesterday admitted it lost $160m – more than double its initial estimate of $75m. Tuesday 11 January 2011 9:13 pm More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comcenter_img Show Comments ▼ whatsapp Tags: NULL Share whatsapplast_img read more

Read More »

Service sector morale plummets

first_img whatsapp Business confidence slipped in January, membership group BDO revealed today. BDO’s optimism index fell to 92, from 94.8 in December, further below the 95 mark that signals growth. Service sector confidence fell to 88.4 in the month. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut KCS-content Service sector morale plummets Tags: NULL Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBeWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam whatsapp Sunday 13 February 2011 11:01 pm Show Comments ▼last_img read more

Read More »

Traders still shorting Ocado stock as online grocer hits near-record high

first_img 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.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Traders still shorting Ocado stock as online grocer hits near-record high whatsapp Share Tuesday 22 February 2011 7:45 pm ONLINE grocer Ocado’s shares are still being shorted aggressively despite enjoying record highs this month, according to figures seen by City A.M. The firm, which floated at 180p in July, closed at 224p yesterday after spiking at 290p on 10 February.But figures from Data Explorer, which monitors stock loan and short selling activity, show that more than 40 per cent of shares available for borrowing in order to short the company were being used yesterday. In total, 8.2 per cent of Ocado shares covered by Data Explorer are on loan to hedge funds and traders betting on a collapse in the share price. One company insider suggested that the real sum could be even higher. The number of short positions on Ocado is more than double the average for a FTSE-listed company, which would normally see between two and three per cent of its shares used for shorting. Investors owning around 20 per cent of Ocado’s shares make their stock available for short-selling.The outlook for Ocado shares is better than last year, when more than 72 per cent of the shares available for loan, or 11.5 per cent of the total shares, were being used to bet on a slump. A US hedge fund, Blue Ridge Capital, is thought to have lost up to £40m by shorting the stock last year as it bottomed out at 120.9p. While Ocado bosses blamed hedge funds for partially keeping the stock price low after flotation, Data Explorer figures suggest that only two per cent of the shares were used for shorting in the first month after the IPO. Ocado declined to comment yesterday. whatsapp Show Comments ▼ KCS-content Tags: NULLlast_img read more

Read More »

WHAT DO YOU EXPECT FROM THE FEBRUARY PMIs?

first_img Share WHAT DO YOU EXPECT FROM THE FEBRUARY PMIs? whatsapp Tags: NULL Show Comments ▼ Sunday 27 February 2011 11:31 pm whatsapp ANDREW GOODWIN | ERNST AND YOUNG ITEM CLUB“The January PMI suggested that the economy had rebounded strongly after the snow. Given that January was boosted by this catch up effect, we wouldn’t be surprised to see the headline balances come in a little lower in February, as this effect fades. We should, however, continue to see some healthy growth.”HOWARD ARCHER | IHS GLOBAL INSIGHT“Survey evidence for February for the services, manufacturing and construction sectors will offer key evidence as to whether the bounce back in activity in January from December’s severe weather-related hit is being sustained. We expect growth to moderate appreciably after the likely first quarter rebound.”VICKY REDWOOD | CAPITAL ECONOMICS“February’s PMIs will be important in showing whether the rises in January just reflected the temporary boost from activity postponed during the snow, or suggest that the recovery is fully back on track. We suspect that the surveys might edge down a bit, indicating the underlying pace of growth is actually pretty sluggish.” Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap KCS-content last_img read more

Read More »

Second explosion at Japan nuclear reactor

first_img 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 TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald John Dunne Show Comments ▼ whatsapp A second explosion has hit the nuclear plant in Japan that was damaged in Friday’s earthquake – but officials said it had resisted the blast.Japan’s nuclear safety agency said the explosion was believed to have been caused by the build-up of hydrogen.Experts said the reactor core was still intact, and that radiation levels were below legal limits.Technicians have been battling to cool three reactors at the Fukushima Daiichi plant since Friday, when the quake and tsunami ruined the the cooling system.The government said an operation pumping seawater into the reactors to help lower the temperature was still going on despite the explosion. Sharecenter_img Second explosion at Japan nuclear reactor whatsapp Tags: NULL 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Monday 14 March 2011 3:51 amlast_img read more

Read More »

Sales up at bid target ProStrakan

first_img Share Sales up at bid target ProStrakan Show Comments ▼ ProStrakan, the pharmaceutical firm that has agreed to be bought by Japan’s Kyowa Hakko Kirin, narrowed its full-year loss after bouncing back from manufacturing problems. The Scottish firm reported a pre-tax loss of £600,000 against a loss of £15m a year ago, after a 27 per cent jump in revenues. ProStrakan reiterated that the £292m takeover bid fully valued the business. KCS-content 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap whatsapp whatsapp Thursday 17 March 2011 8:42 pm Tags: NULLlast_img read more

Read More »

William Hill upbeat on full year

first_img whatsapp Tags: NULL Britain’s biggest bookmaker William Hill said it was confident for the full year after posting a 21 per cent jump in first quarter operating profit led by demand for its onling gambling sites.The company, which has around 2,350 betting shops in the UK and Ireland, said it had also seen increased amounts wagered in its over-the-counter business and through gaming machines.William Hill, which takes over a million bets a day, said the strong performance resulted in group net revenue being up by 11 per cent, with retail revenues up eight per cent and online net revenues up 26 per cent.“We have seen excellent growth across our business in the first quarter, enabling us to remain confident in our expectations for the full year,” chief executive Ralph Topping said in a statement.William Hill said it had seen an over-the-counter gross win margin above the top end of the expected trading range of 17 to 18 per cent.Rival Ladbrokes said earlier in April operating profit rose by 1.9 per cent to £49.2m in the first quarter but warned of an uncertain outlook with the economic climate in Britain set to remaining challenging throughout 2011.Last week, William Hill said it would move into the US gaming market for the first time after agreeing to buy two American sports betting businesses for $39m. Thursday 21 April 2011 3:01 am Share Show Comments ▼ John Dunne whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org William Hill upbeat on full year last_img read more

Read More »