BEST OF THE BROKERS

first_imgThursday 2 September 2010 7:48 pm whatsapp whatsapp KCS-content BEST OF THE BROKERS 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.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 HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Sharecenter_img Tags: NULL Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof PERNOD RICARDStandard & Poor’s rates the drinks firm a “buy” with a target price of €72, adding the company’s recent results proved its theory of an improving trend in underlying sales. The broker has raised its earnings per share forecast for 2010 to reflect currency benefits, and said sales in emerging markets are performing well. INTERTEKMorgan Stanley downgrades Intertek to “underweight” citing its “full” valuation. Believes earnings growth is unlikely to return to its previous highs given the muted economic recovery and believes its current price to earnings ratio is unattractive. Suggests Aggreko, which it rates “buy” as a better bet.VIVENDIExecution Noble rates the media giant a “hold” with a fair value price of €20. The broker says the main obstacle to upgrading the shares is the lacklustre growth of cash-flow, which is set to decline to €1.8bn this year. However, it has raised its target price from €19.50 to factor in lower prospective liability in the firm’s US class action lawsuit. last_img read more

Severstal plans London float

first_img KCS-content Share Tags: NULL whatsapp whatsapp Tuesday 21 September 2010 8:15 pm RUSSIAN steel group Severstal is expected to launch a float of its gold mining division in London later this year.Severstal, which owns a portfolio of gold assets in Russia and west Africa, is likely to sell off around 30-35 per cent of the company, retaining a large controlling stake for itself. The float is likely to value the company at as much as $4bn (£2.56bn.Gold companies have been buoyed recently by a meteoric rise in the price of the precious metal, which has gained 25 per cent in the past year thanks to a declining trend in production and strong demand. Prices, currently well above $1,250 an ounce and rising, are widely expected by the industry to hit $1,500 an ounce by the end of 2010.Severstal has already heavily committed itself to a continued rise in gold prices, having upped its stake in Canadian gold miner Crew Gold to 93.4 per cent last week. News of Severstal’s plans comes after the flotation of African Barrick Gold earlier this year by its parent Barrick Gold, the world’s largest gold miner. ABG raised over £500m from selling off a quarter of the company.Those involved in the current plans are thought to be confident that the high gold price will shore up demand from investors, who have been wary of other IPOs so far this year.Severstal declined to comment. Show Comments ▼ Severstal plans London float More From Our Partners Police 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comlast_img read more

Sanofi goes hostile with Genzyme bid

first_img Sanofi goes hostile with Genzyme bid whatsapp 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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.comPuffer fish snaps a selfie with lucky divernypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com French drugmaker Sanofi-Aventis yesterday carried through with its threat of launching a hostile bid for rival Genzyme.The firm has taken an offer of $69 (£44) a share directly to investors, valuing the firm at $18.5bn, after Genzyme management refused to negotiate.The move comes a month after Genzyme rebuffed an approach from Sanofi at the same price. Sanofi has since been talking to Genzyme investors, who it said were frustrated by the management’s stubborn approach.Sanofi’s unsolicited offer, all in cash, will expire on 10 December.Sanofi chief executive Chris Viehbacher said: “Sanofi-Aventis has a history of being a patient, disciplined buyer. We believe the offer will be successful ultimately.”Viehbacher, who wants to buy Genzyme to boost Sanofi’s drug portfolio as sales of older medicines decline, said his strong preference was for friendly talks, but he had decided to start a tender offer because of Genzyme’s refusal to enter discussions. Viehbacher said he met with Genzyme chief executive Henri Termeer but the talks were “unproductive”. Sanofi says it has also talked with Genzyme shareholders who own more than 50 per cent of the group, and these people support the bid. Share Monday 4 October 2010 9:14 pm whatsapp Show Comments ▼ Tags: NULL KCS-content last_img read more

West LB’s bad bank records €1bn in losses

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Thursday 7 October 2010 9:45 pm West LB’s bad bank records €1bn in losses whatsapp Tags: NULL whatsapp Sharecenter_img Show Comments ▼ KCS-content More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org GERMANY’S first bad bank, WestLB’s EAA, posted risk provisions of €1.44bn (£1.2bn) for its 2010 fiscal year and expects more to come as its markets show little signs of recovery.EAA (Erste Abwicklungsanstalt) posted a net loss of €1.05bn in its shortened fiscal year from December 2009 to June 2010, co-head Matthias Wargers said yesterday.EAA expects to book provisions for possible credit losses of roughly €400m in its fiscal year 2011, which started in July, he added.Wholesale lender WestLB, which last week put itself up for sale, shifted assets worth €77bn into EAA, which will wind down the holdings. The move still needs approval from the European Union, which might have concerns the bad bank would stifle competition, and sources familiar with the situation have said Brussels could ask for hefty concessions. WestLB’s bad bank is seen as a cornerstone in the mooted merger with peer BayernLB, as it relieves the lender of heavy burdens and allows the remaining core bank to focus on financial services for midsize German companies.Landesbanks such as WestLB and BayernLB provide wholesale banking services to their local public savings banks. They lost billions of euros on risky investments in the financial crisis, forcing some to turn to the state for bailouts. By selling off some assets, EAA has shrunk the portfolio by 12 per cent to €68bn from December to August, but Wargers said he expected slower progress in future. The most toxic of EAA’s assets are held in a special-purpose vehicle called Phoenix with a book value of €23bn.It mainly consists of structured financial products related to subprime US mortgages.EAA does not expect the assets to regain value quickly, but Wargers said he was under no time pressure to sell and would rather seek to maximise returns. WestLB’s owners — the regional state of North Rhine-Westphalia and savings banks — have granted Phoenix guarantees worth €5bn. last_img read more

Cooper tops Labour MP’s poll

first_img KCS-content Share Tags: NULL More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com YVETTE Cooper has topped the ballot in Labour’s shadow cabinet elections, putting her in poll position to become the next shadow chancellor – if she decides to accept the job.Cooper’s husband Ed Balls, a key ally of Gordon Brown, has coveted the top economic brief for several years, leading to suggestions she will stand aside to help him secure the post. But Ed Miliband, the recently-elected Labour leader, has told friends he wants Cooper, the former work and pensions secretary, to become shadow chancellor. He is said to fear that Balls could prove a divisive figure, and is considering making him shadow home secretary instead.Cooper won 232 votes in the ballot of Labour MPs, which was announced last night, compared to 179 for Balls. He came in third place behind ex-housing minister John Healey, on 192.Chancellor George Osborne has told City A.M. he would prefer it if Balls were to shadow him, partly because he would relish the political challenge, but also because he thinks it would be easier to blame him for the economic errors of the Blair-Brown years.Labour stalwarts like Alan Johnson, Andy Burnham and Tessa Jowell were re-elected to Labour’s front bench, but there were big disappointments for some well-known MPs.Leadership contender Diane Abbot failed to win enough support to become one of 19 shadow cabinet ministers, as did ex-Welsh secretaryPeter Hain and Ben Bradshaw, the former culture secretary. Show Comments ▼ Cooper tops Labour MP’s poll Thursday 7 October 2010 9:47 pm whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timeslast_img read more

Petronas IPO to raise $4.2bn at $1.69 a share

first_img Share KCS-content whatsapp Wednesday 13 October 2010 7:19 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timescenter_img whatsapp Petronas IPO to raise $4.2bn at $1.69 a share Malaysia’s Petronas Chemicals is likely to raise $4.2bn (£2.6bn) in Southeast Asia’s biggest ever IPO after setting an indicative price range for the float, analysts said.The unit of Malaysian state oil giant Petronas indicated at a briefing it is likely to price its IPO at 5.05 ringgit for retail investors and 5.20 ringgit ($1.69) for institutions, analysts said. However, a spokesman said the price range for the IPO has not been set.“A price range has not yet been determined and the information will be distributed through the proper channels when it has been set,” the spokesman said, adding the process was still very much in “its early days”.The IPO comes as Asian capital markets are seeing a flurry of multi-billion deals, helped by a flood of liquidity, low interest rates and strong economic growth. Petronas Chemicals’ IPO is set to exceed Maxis’ $3.3bn IPO last year and also raise more capital than the proposed listing of another Petronas-linked vehicle, Malaysia Marine and Heavy Engineering. 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

Times digital sales may be £6m a year

first_img Share Show Comments ▼ Tuesday 2 November 2010 9:24 pm whatsapp THE Times newspaper yesterday announced it has taken 105,000 “digital sales” of its newspaper since it erected a controversial paywall in July.The number includes a series of heavily discounted “early adopter” offers and day passes, as well as iPad and monthly subscription sales.A further 100,000 existing subscribers to the print edition of the Times newspaper have activated their free digital account, taking its total digital readership to over 200,000.The numbers released did not break down how often or for how long users stayed on the site. It also failed to flag up individual users who bought multiple day passes or subscription options.Sources close to the firm said around 50,000 of users pay for either a monthly subscription at £8.66 a month or a subscription to the iPad application at £9.99 a month.This would generate revenue for digital services, including the minimal amount taken in through casual users, at around £6m a year.There are no figures for how many trialists subsequently bought a subscription to the site but the source said the “vast majority” renew subscriptions, adding the firm is “very happy” with its conversion rate of casual users.However, News International, the Times’ parent company, declined to comment on the level of churn the digital edition has experienced.Analysts have suggested the drop in advertising revenue could be as much as £10m. However, sources close to News International argue this may be partially offset by higher rates charged for more detailed data on its users. Rates and bookings are also likely to pick up as advertisers get a clearer picture of subscriber numbers.Before the paywall went up Times Online had a monthly unique readership of around 20m.Numis analyst Lorna Tilbian said she was “very encouraged” by the figures. She said: “This is good news for News International. The sales are being driven by high margin iPad users and I expect the trend to continue. It won’t be long before other papers follow suit – where Murdoch goes others soon follow.”News Corp chief executive James Murdoch said he is “excited by the progress we have made in a short space of time.”The Times is the first mainstream UK newspaper to adopt a paywall for its website. The Financial Times and Wall Street Journal both operate profitable paywalls.The FT last week reported its digital digital subscriptions had increased 50 per cent year-on-year to more than 180,00. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI 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.org980-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.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.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com KCS-content center_img 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 Famous, Now She Works In {State}MoneyPailMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity 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.com Times digital sales may be £6m a year Tags: NULLlast_img read more

Broughton lying low at chelsea matches

first_img whatsapp Thursday 4 November 2010 10:57 pm Tags: NULL whatsapp MARTIN Broughton, the Liverpool FC chairman who brokered the deal to sell the troubled club to the owners of the Boston Red Sox last month, was back where he feels most comfortable this week. Broughton was spotted walking out of Stamford Bridge after watching his beloved Chelsea beat Spartak Moscow. But Broughton, who will ease himself out of Liverpool once the new owners are fully ensconced, has a diplomatic issue to sort out before the weekend when Chelsea visit Liverpool. Last season, the wily businessman, who is also British Airways chairman, absented himself from the corresponding fixture when Chelsea needed to win to come close to tying up the Premiership. But this time Broughton can’t bring himself to stay away. The Capitalist understands that he is intent on travelling to Anfield for the Sunday afternoon fixture but he will be keeping a “low profile”. No singing Blue is the Colour for the Liverpool chairman then.VERTIGOTo the aptly named Vertigo at Tower 42, where guests of S&P Securities Evaluation’s risk-to-price cocktail party reported popped ears and slightly queasy stomachs after the whiz up the elevator deposited them so close to the bar’s stunning, wraparound view over the City. The Capitalist has to admit that swiftly refilled champagne flutes and a sparkling, vertiginous view make for a heady mix – but what better way to enjoy the sights of London than from forty floors above them? S&P Securities Evaluation MD Damian Burleigh kicked off the evening, advising the crowd of bankers and investment managers that the setting – in Vertigo’s narrow circular bar – was apt to demonstrate that “there’s always a blind spot” (one can only hope the firm’s risk pricing advice comes with the same practical twist). Economist Tim Congdon, meanwhile, was keen to regale the crowd with some poetry, reciting a work by 19th century banker Lord Overstone on economic cycles. “The problem of pricing bits of paper has been around for a long time,” he summarised. “But of course, S&P will do a great job for you.” Ever the gracious guest, Professor. EYE-POPPYINGCity folk might have noticed an unusually high number of poppies dispersed throughout the Square Mile yesterday – but it was no accident. Five years ago, Aon insurance’s Ben Hancock was fresh out of the army after 11 years’ service, having just moved to his job in the City. “The first winter, I noticed there weren’t many people wearing poppies, so I grabbed five of the old muckers [from the army] and came here to sell them,” he told The Capitalist in busy Leadenhall Market, where servicemen and women were gathered to grab a pint between shifts of poppy-selling. This year marks the fifth time that Hancock has organised for serving infantry to come into the City in uniform and sell poppies. “Seeing young guys in uniform is such a powerful message,” he says, “and seeing them standing side by side with young guys in the City – it’s the good old military principle of concentration of force.” It seems to be working. This year the poppy sellers have expanded to include those in the navy and airforce to beat last year’s record fund-raising of £60,000 in a day. With 450 sellers from Paddington to Canary Wharf, Hancock is confident: “At lunchtime we had £15,000 in Canary Wharf alone, from 120 sellers,” he said. City A.M. proudly displays a poppy on its front page. Keep buying! GIVING IT AWAYThe great and good of the City philanthropy world gathered for a three-course banquet yesterday as JM Finn launched its 2010 Charity Performance Guide. The 1,192-page guide offers the latest financial information on charity investment managers, legal advisers, auditors, trustees and funds and was launched at a meal for some 50 trustees of different charities around the UK hosted by JM Finn’s head of charities John Dale. The issue at stake was the shrinkage of charitable funds over the last year, with overall assets declining 2.5 per cent as hard-pressed philanthropists withdraw their funds for other requirements. Over salmon and steak, the various trustees and non-profit professionals heard economist Chris Watling of Longview Economics warn of a bond bubble in the wake of the Fed’s quantitative easing programme. “The hot money is running into bonds. You always want to do the opposite of what the central bank says,” he advised, to some rather disgruntled bond investors among the gathered trustees. But it was on emerging markets that he hit his stride. “South Korea has proved it can grow,” he said. “Nigeria still hasn’t proved it.” News to JM Finn’s Anthony Eaton, head of the firm’s African investments, who flashed a cheerful smile. He’s off to Nigeria in just a couple of weeks to check up on that unproven growth.JOCKEYING FOR FUNDSIrish City supremo Basil Geoghegan was on the prowl for his countrymen this week, inviting JP Morgan Cazenove employees up to the seventh floor of the firm’s Moorgate building for an event to promote the Irish Fund of Great Britain (IFGB), supported by City bankers like Goldman Sachs’ Michael Casey and Lazards’ Peter Kiernan. Geoghegan was keen to discuss the great triumphs and downfalls of Irish colleagues in the City and to promote the Irish members’ network, whose reach extends from New York to Singapore. And Irishmen and women are keeping a keen eye out for the group’s next event, featuring ex-jockey and racing commentator Mick Fitzgerald. Share Broughton lying low at chelsea matches KCS-content 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}MoneyPailSerendipity 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 HeraldMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.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 FollowAlphaCute Show Comments ▼ last_img read more

City hiring back to pre-downturn levels

first_img whatsapp Show Comments ▼ Tags: NULL City hiring back to pre-downturn levels Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharecenter_img Thursday 11 November 2010 7:36 pm 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.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution KCS-content whatsapp CITY hiring is back to pre-downturn levels, resulting in a jobseekers’ market, according to a new study by Hays, the financial recruitment firm. Basic salaries have jumped due to the regulatory crackdown on bonuses, with fast-growing demand for candidates in financial IT, compliance and risk management. The report says: “The candidate-driven recruitment market is now firmly back in full swing with almost all strong candidates having multiple offers and being counter-offered.”In investment banking, research analysts boast one of the highest starting salaries: candidates with zero to three years’ experience can now expect to receive £30,000-£45,000 plus bonuses of 15-30 per cent.Tim Ledger, deputy at City recruiting firm Marks Sattin says talented accountants of five years’ experience are particularly in demand: “The market is very much candidate-driven with salaries rising accordingly and counter-offers of up to 25-30 per cent of base salary not unheard-of. last_img read more

Church opposes Sky sale

first_imgMonday 22 November 2010 8:48 pm Church opposes Sky sale whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen 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 More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell 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.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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Sharecenter_img Show Comments ▼ Tags: NULL whatsapp KCS-content THE Church of England became embroiled in the row over News Corporation’s bid to take full control of BSkyB yesterday. The Right Reverend Nigel McCulloch, Bishop of Manchester and former member of the House of Lords Select Committee on communications, said if the bid were successful News Corp would “dominate both the television and newspaper landscape”, adding Sky News could potentially come under “subtle editorial influence” from its parent company.The Church has written to the media regulator Ofcom, saying Rupert Murdoch’s company should not be allowed to buy out the rest of BSkyB because it would threaten media plurality.News Corp rejected the Church’s argument saying: “There has been an increase in plurality in UK media with more people consuming news from more sources than ever before.” last_img read more