Eurozone GDP grows by 1pc

first_img Show Comments ▼ Share Eurozone GDP grows by 1pc whatsapp Friday 13 August 2010 5:36 am EUROZONE gross domestic product (GDP) grew at its fastest pace in more than three years in the second quarter, boosted by a strong performance by Germany and France, but concerns remain that the rebound could falter.European Union statistics agency Eurostat said GDP in the 16-nation currency zone expanded by one per cent in the second quarter from the first, and by 1.7 per cent versus the second quarter of 2009, matching a revised Reuters poll.Economists said the figures were the strongest in at least 3-1/2 years and showed euro zone growth outpacing that of the United States in the March-June period.A revised Reuters poll of economists taken on Friday, after strong national figures from Germany and France were released, forecast the growth to come in as it did at 1.0 percent quarter-on-quarter and 1.7 per cent year-on-year.Germany proved the engine of the euro zone growth figures, with data released earlier on Friday showing the German economy expanded by 2.2 percent in the second quarter, the fastest rate since German reunification, with companies stepping up investment and exports surging.France also recorded strong growth of 0.6 percent quarter-on-quarter. The main drag on the euro zone was Greece, where GDP contracted 1.5 percent in the period.While the euro zone’s second quarter figures were encouraging, and the European Central Bank has said that signs are encouraging for growth in the current quarter, the longer term prospects are dimmed by stalling growth in the United States and China, the world’s two largest economies.Business and consumer confidence surveys in the euro zone have been encouraging in recent weeks and inflation remains in check, but there is scarce evidence of that confidence filtering through to domestic consumption, which will be the long-term driver in any sustained pick up in the economic growth.With unemployment in the euro zone hovering at a 12-year high of ten per cent and most governments looking to impose ever tighter austerity measures to get their finances back in check, the prospects for an increase in consumer spending are slight.Exports may be helped by a slightly weaker euro against the dollar, but that will not be enough to keep the region buoyant.“The recovery still looks worryingly lop-sided,” said Jennifer McKeown, senior economist at Capital Economics, speaking after German data were released.“In all, then, while the surveys suggest that the euro-zone’s strong performance might continue into the third quarter, it seems unlikely to last much beyond that.” John Dunne Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo whatsapp Tags: NULLlast_img read more

King tells the unions cuts are only option

first_img Share Wednesday 15 September 2010 8:41 pm King tells the unions cuts are only option More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.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.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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com MERVYN King launched a broadside against bankers’ bonuses yesterday, telling unions they were right to be angry at the industry – but he warned there was no alternative to swingeing spending cuts to reduce the deficit. Speaking at the Trades Union Congress annual conference in Manchester, the Bank of England governor said the economic crisis rested squarely on the shoulders of the banking industry. He said: “Remuneration, especially the structure of financial sector bonuses, encouraged excessive risk-taking… your members, and indeed the businesses which employ them, are entitled to be angry.”However, King – who will soon have overall responsibility for bank regulation – said that clamping down on bonuses was not the answer, because “if banks want to pay this money to those individuals they will find a way to do it”. 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp whatsapp The governor also fired a warning shot across the bow of the unions, insisting that savage spending cuts and public sector job losses were essential if Britain is to reduce its “unsustainable” deficit. He said: “It is vital for any government to set out and commit to a clear and credible plan for reducing the deficit. The current plan is to reduce the deficit steadily over five years – a more gradual fiscal tightening than in some other countries. As a result of a failure to put such a plan in place sooner, some euro-area countries have found… a much more rapid adjustment being forced upon them.”Unions reacted angrily to King’s comments. Paul Kenny, GMB general secretary, said: “His analysis of the excesses of the banking system reminds me of Jessie James warning people in the Wild West about the dangers of train robberies.” Show Comments ▼ KCS-content Tags: NULLlast_img read more

Rok drafts in PwC ahead of refinance talks

first_img More From Our Partners Astounding 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.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.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.comConnecticut man dies after crashing Harley into live bearnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Rok drafts in PwC ahead of refinance talks KCS-content whatsapp ROK is understood to be setting up refinancing discussions with its lenders, a month after the building group issued its second profit warning of the year.A company spokesman said it was not at risk of breaching its covenants, and said the move to renegotiate its debt was an indication it was confident of meeting market expectations of profits for the year to 31 December.“We have commenced discussions with our banks with a view to renewing our banking facilities,” the company said. “The timing of that refinancing is in line with the requirement to put new facilities in place in the early part of 2011.”The group’s banks are drafting in PricewaterhouseCoopers (PWC) to verify Rok’s accounts ahead of the talks. whatsapp Sharecenter_img Show Comments ▼ 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 PastBetterBe20 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 Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comFolliboost Haircare SerumThinning Hair? Use this For 1 Month and See What HappensFolliboost Haircare SerumMaternity WeekThis Was Found Hiding In An Oil Painting – Take A Closer LookMaternity WeekJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo! JustPerfact USA Wednesday 15 September 2010 9:05 pmlast_img read more

Fallon named as deputy chair of Tory party

first_img KCS-content whatsapp MICHAEL Fallon, a former government minister under John Major, was last night appointed as the deputy chairman of the Conservative party. He will replace Lord Ashcroft, the peer who resigned from the post earlier this week after publishing a withering critique of the Tory election campaign.Fallon, a well-respected MP who served as a whip for Margaret Thatcher, has been tipped for a big job since missing out in the race to become chairman of the Treasury select committee. Tory party sources said Fallon would be expected to defend the Conservative party in the media, now that government ministers are forced to tow a coalition line that has been pre-agreed with the Liberal Democrats. Fallon will work alongside Lady Warsi and Andrew Feldman, the joint chairmen of the Conservative party, who have both struggled to raise their profile in the media. “Michael’s experience across a range of government policy areas and political life will make him a real asset,” said David Cameron. Fallon stepped down as chairman of the Tullett Prebon remuneration committee in December last year. Wednesday 22 September 2010 8:23 pm 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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity 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.comcenter_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Share Fallon named as deputy chair of Tory party last_img read more

Irish banks in crunch week

first_img CRUNCH talks were underway last night to thrash out the details of an announcement on Anglo Irish bank, which could have far-reaching repercussions for the Irish economy.Ministers are expected to release details of the cost of winding up the stricken lender and plans to restructure the bank’s bond debt.The reaction of the markets to the announcement will be key to securing the financial stability of the Irish economy, which is struggling to contain the largest budget deficit in Europe.Dublin’s borrowing costs soared to fresh highs over fears the burden of saving its banks from the disastrous property bubble, in which Anglo is heavily implicated, will tip Ireland into financial meltdown.Ministers hope the markets will react positively and prevent the country from having to resort to a bailout from the IMF or the EU. Show Comments ▼ KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal 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 whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proofcenter_img whatsapp Irish banks in crunch week Sunday 26 September 2010 10:53 pm Tags: NULL Sharelast_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULL KCS-content FINANCIAL TIMESGOLD SALES AT EUROPEAN CENTRAL BANKS DRAW TO HALTEurope’s central banks have all but halted sales of their gold reserves, ending a run of large disposals each year for more than a decade. The central banks of the eurozone plus Sweden and Switzerland are bound by the Central Bank Gold Agreement, which caps their collective sales. LOCAL TV NEEDS FINANCIAL LIFELINEA government-backed plan to set up a network of local television stations will probably fail unless it secures funding beyond advertising revenue, an expert panel studying the idea has warned ministers. The panel, headed by the investment banker Nicholas Shott, said the network is likely to have to be rolled out in two phases – the first in about a dozen urban areas and the second in the rest of the country.LLOYD’S INSURERS TURNED DOWN GAMESInsurers in the Lloyd’s of London market said they would not provide cover to ticket sellers, broadcasters or merchandise producers for cancellation or disruption of the Commonwealth Games in New Delhi due to a lack of information about infrastructure and security threats, according to underwriters.MILIBAND HINTS AT TAX FOR GRADUATESGraduates could face having to pay up to 2 per cent of their income to fund degrees under a future government led by Ed Miliband, it has emerged, in spite of Alan Johnson, the former home secretary, condemning the idea. The new Labour leader said on Sunday he could envisage a system in which graduates paid 0.3-2 per cent of their income for 15-20 years in return for a university education, insisting that this was a “fairer” system of funding than simply increasing fees.THE TIMESHANDS AND CITIGROUP PREPARE FOR BATTLECitigroup will seek to portray Guy Hands as a corporate raider when the two sides meet in what promises to be a bitter fight in a New York courtroom. The chairman of Terra Firma filed a claim alleging that the American bank had committed fraud when it bankrolled a £4.2bn buyout of EMI by Terra Firma in 2007.CROSSRAIL WILL SAVE ON EVERYTHING, FROM STATIONS TO LIGHTSCrossrail has identified potential savings worth hundreds of millions of pounds, The Times has learnt. The company building a new line across London will reveal today that it can point to significant possible savings over the construction of stations in the West End and the City as well as the main tunnels, due to be built from late next year.The Daily TelegraphDAYLESFORD ORGANIC SIGNS HARRODS DEALDaylesford Organic, the upmarket food retailer owned by the family of Sir Anthony Bamford, the JCB entrepreneur, will open a shop-in-shop in Harrods and a franchise store in Tokyo in the coming weeks as it embarks on an expansion drive. The retailer is also in talks with major supermarkets about supplying them with organic ready meals.JOHN LEWIS AD AIMS TO COVER THE CHRISTMAS NO. 1 SLOTThe reformed Take That face some stiff competition for the Christmas number one slot in the shape of John Lewis, the department store retailer. The chain is hoping the song used on its Christmas television advertisement, which has just been filmed, will make it to the festive number one slot.WALL STREET JOURNALUNICREDIT CONSIDERS SPLITTING CEO ROLEThe board of UniCredit SpA is expected to discuss the fundamental outlines of the bank’s future this week, including the structure of its corporate leadership and a new chief executive—or a duo of top executives. The discussions follow the resignation last week of CEO Alessandro Profumo amid concerns by shareholders that he wielded too much power. AIG LAYS OUT PROFIT FORECAST FOR AIA UNITAmerican International Group Inc. said it expects its AIA Group Ltd. life-insurance business will likely have an operating profit of at least $2bn in the fiscal year ending 30 November. Premium income at AIA, which AIG plans to list on the Hong Kong stock exchange in October, increased by 11 per cent in the first nine months. Sunday 26 September 2010 10:51 pm whatsapp Show Comments ▼ whatsapp Share WHAT THE OTHER PAPERS SAY THIS MORNING last_img read more

BHP and Rio go to EU for tie-up BHP

first_img 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 whatsapp KCS-content Billiton and Rio Tinto will meet EU antitrust regulators by the end of this month to help the European Commission decide whether to clear their proposed joint venture, sources said yesterday. The Commission is examining the miners’ planned $116bn (£73.54bn) iron ore production joint venture in western Australia to determine whether it is anti-competitive. Rio Tinto, the world’s second-largest iron ore producer, and BHP, the third-largest, have said that retaining separate marketing operations under the joint venture should ease regulatory concerns. Steelmakers oppose the deal. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsappcenter_img BHP and Rio go to EU for tie-up BHP Show Comments ▼ Share Tuesday 12 October 2010 9:23 pm Tags: NULLlast_img read more

Boris Johnson re-selected

first_img whatsapp Boris Johnson re-selected 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 Share KCS-content Boris Johnson was officially picked as the Conservative candidate for the 2012 London Mayoral elections yesterday. Incumbent mayor Johnson had already spoken publicly about his desire to run for re-election, and his official nomination was widely expected. He will now face Labour candidate and ex-mayor Ken Livingstone on the campaign trail. Johnson said after his selection by the Conservative Constituency Associations: “[W]e must ensure Ken Livingstone does not get the chance to take the city back to those miserable times.” Thursday 14 October 2010 9:45 pmcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Show Comments ▼ whatsapp Tags: NULLlast_img read more

Wetherspoon gives upbeat view for new year as investments pay off

first_img 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼ whatsapp whatsapp Sharecenter_img KCS-content Wetherspoon gives upbeat view for new year as investments pay off JD Wetherspoon said it will make a profit this year, thanks to strong sales and investments in new and existing pubs.The pub chain, which has almost 800 pubs in Britain, reported a rise in profit before tax of 7.3 per cent to £71m, with total sales of nearly £1bn. Wetherspoon is making significant investment in new pubs and systems. The group plans to open 50 new pubs a year throughout the UK in 2011, and invest in new till systems and staffing. The company cited a government crackdown on underage drinking as its biggest long-term risk.Chairman Tim Martin said that the government’s measures would only force drinking elsewhere. “Pubs provide a supervised drinking environment, while beaches and parties don’t.”Analysts said they were confident Wetherspoon’s new pubs and systems will pay off in the long run. “JD Wetherspoon is always looking to the long-term for its investments,” says Nigel Parson of Evolution Securities. “These investments can bring short-term pain, but they should pay off in the long run.” Wetherspoon last month announced that finance director Keith Down and chief operating officer Paul Harbotttle were to leave the company. However, the firm said there had been little change since the last trading statement on 7 October. Thursday 4 November 2010 10:54 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 TimesMisterStoryWoman 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 FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raiderlast_img read more

Irish banks require extra €8bn to boost capital levels

first_img whatsapp whatsapp Sunday 28 November 2010 9:20 pm IRISH banks require an additional €8bn to be injected in order to meet tough new capital requirements, the country’s central bank indicated yesterday night.Allied Irish Bank, 19 per cent owned by the state, will need almost €5.3bn (£4.5bn) before March in order to achieve a core Tier 1 capital ratio of 14 per cent.Bank of Ireland, 36 per cent government owned, will require €2.2bn of capital to be injected to hit its target of 12 per cent.The Irish central bank has raised its core Tier 1 capital ratio targets, a measure of financial strength, from eight per cent. If the banks’ capital ratios dip below 10.5 per cent the government says it will inject more cash.Irish Prime Minister Brian Cowen yesterday announced €35bn of the €85bn bailout package will be used to recapitalise the stricken banks.Around €10m of this will be injected immediately.A Bank of Ireland spokesman said: “The bank intends to seek to generate the required capital through a combination of internal capital management initiatives, support from existing shareholders and other capital markets sources.”The bank is 36 per cent owned by Irish taxpayers.Around €3bn of the €7.9bn total UK contribution will go directly to prop up the Irish banking system. Tags: NULL Share Irish banks require extra €8bn to boost capital levels Show Comments ▼ More From Our Partners I 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org KCS-content last_img read more