Investors jittery after bleak US data

first_img whatsapp Friday 20 August 2010 6:38 am Investors jittery after bleak US data by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Investors have been avoiding riskier assets amid growing concerns about slackening growth in the US economy.Globally, equities were lower, with Europe giving up early gains. Bleak data from the US, with jobless claims at a nine-month high and the first contraction in a year in a volatile regional manufacturing index, has made the markets more jittery. “The latest data out of the US sparked a flight to quality by reviving fears of a double-dip recession, with investors seeking refuge into safer government debt,” Louis Capital analyst Bertrand Michaud said.Like others, he suggested markets would be waiting for the end of the northern hemisphere’s summer to get a clearer picture on where the world’s economy and markets were heading.World stocks were down more than half a per cent on the day, according to Thomson Reuters data.The pan-European FTSEurofirst 300 was down 0.5 per cent. Share center_img Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ whatsapp John Dunne last_img read more

Gladedale hit by £78m loss after crisis fix

first_imgMonday 30 August 2010 9:17 pm whatsapp Gladedale hit by £78m loss after crisis fix BRITAIN’S largest private housebuilder crashed to a £78m loss last year as a debt-for-equity swap and a group restructuring piled costs onto its struggling balance sheet.The Gladedale Group, whose projects include the luxury Quartermile housing development in Edinburgh, fell heavily into the red after a huge overhaul in the autumn that wiped out its founder’s shareholding. The news comes as fears grow of a second nosedive for the cornerstone construction industry. Economists are bracing themselves for a slump in second quarter new orders on Friday.Epsom-based Gladedale lost £78.4m between 10 August and 31 December 2009, accounts filed at Companies House reveal. The company generated revenues of £360m but was pushed into negative territory by interest payments on its debt and charges relating to a reorganisation that included the resurrection of its former housing brand, Bett Homes.Last September, covenant breaches by several of its subsidiaries forced Gladedale to hand lender Lloyds Banking Group a 30 per cent equity stake in return for writing off £533m of loans. Founder Remo Dipre, who quit Gladedale in April 2009, saw his shareholding in the company knocked out as a result.The debt-for-equity swap was followed by management turmoil. Chief executive David Gaffney was replaced by Neil Fitzsimmons, the ex-boss of publicly listed housebuilder Redrow. Another former Redrow man, Alan Bowkett, replaced Dipre as chairman while Colin Lewis joined as chief operating officer.Gladedale still had £569m of net debt at the end of 2009, all of it held by Lloyds. In accounts, the company’s directors said: “Although the group is financially secure following the recent restructuring, the group’s ability to comply with its banking covenants continues to represent a key risk to the business.” KCS-content 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 Tags: NULL Show Comments ▼ Share whatsapplast_img read more

BHP Billiton denies Potash break-up talk

first_imgMonday 30 August 2010 9:24 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA 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.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.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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp Show Comments ▼ Tags: NULL KCS-content BHP Billiton denies Potash break-up talk MINER BHP Billiton insisted yesterday it has no plans to sell off parts of Canadian fertiliser firm Potash, after an errant analyst note sparked a scramble for Potash’s smaller divisions. The mining giant was forced to restate its ambitions after Canadian agriculture firm Agrium told the press it was keen to buy Potash’s phosphate and nitrogen operations. The mining group said last night of its $40bn (£26bn) hostile bid: “At this stage BHP Billiton has no plans to sell any Potash Corp assets. Our offer is for the whole company, including the phosphate and nitrogen businesses.”Mark Gulley, an analyst at Soleil Securities in New York, released a note following conference call with BHP chief commercial officer Alberto Calderon on Thursday, claiming the company said it is considering offloading Potash’s nitrogen and phosphates arms. Potential buyers were quick to voice their enthusiasm. Agrium’s chief executive Mike Wilson said yesterday: “We are a global company that produce 8m metric tonnes of nitrogen, phosphate and potash and markets 16m so any assets that came on the market that fits with us we would certainly look at.”A source close to the company said the analyst had misquoted Calderon. Other notes after the conference call did not mention the remarks. Gulley was unavailable for comment. BHP added last night that its financing is strong enough to withstand the cost of the entire company, after some analysts said the firm will need to raise cash if it increases its bid. “Our financing is not dependent on asset sales and we do not require divestments to maintain balance sheet strength,” a spokesman said. whatsapp Sharelast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img Show Comments ▼ whatsapp KCS-content Share NomuraFormer RBS chief market strategist Bob Janjuah (pictured) and chief markets economist Kevin Gaynor have resurfaced at the Japanese investment bank, where they take up the roles of co-heads of cross asset allocation strategy.Perma-bear Janjuah made the headlines weeks before Lehman Brothers collapsed back in 2008, when he predicted the economic crisis.Geoff Kendrick has also joined Nomura from UBS as G10 FX strategist.F&C InvestmentsThe investment management firm has hired Randeep Grewal and Sam Cosh (pictured) to its European equity team as senior fund managers.Grewal joins from ICAP Equities and also formerly spent a decade at Tudor Capital. He is a specialist in TMT and healthcare, as well as having experience covering UK property companies, stock exchanges and asset managers.Cosh joins from BNP Investment Partners, where he was a senior portfolio manager.Quoted Companies AllianceThe quoted company body has appointed PwC partner Fiona Kelsey as its new chairman, replacing Faegre & Benson partner Donald Stewart.Kelsey has been at PwC for 20 years and particularly focuses on mid-cap and Aim companies, helping them through mergers, acquisitions and disposals and preparing private companies for IPO.She was formerly treasurer of the QCA, a role which will now be held by Baker Tilly partner Paul Watts.State StreetThe financial services group has hired Sam Cole as an executive vice president and deputy head of its e-Exchange trading solutions business.Cole, 40, joins from risk and analytics service provider BlueMountain Solutions, of which he was president. He was also chief operating officer of parent group BlueMountain, a $4bn alternative asset manager focused on the credit and derivatives markets.Covington & BurlingThe law firm has hired Christopher Walter as a partner, Chris Bracebridge as special counsel and Helena Laughrin as an associate, all in its European employment practice. All three join from Paul Hastings in London. Walter also chairs the International Committee of the Employment Lawyers Association. Tags: NULL CITY MOVES | WHO’S SWITCHING JOBS whatsapp Wednesday 6 October 2010 7:18 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comlast_img read more

Gaffe sees Babcock boss quit

first_img Gaffe sees Babcock boss quit Monday 8 November 2010 10:05 pm Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKansas coach fired for using N-word toward Black playerthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp Sharecenter_img THE deputy chairman of defence contractor Babcock International was forced to resign in embarrassing circumstances yesterday after he called the Royal Navy’s procurement of two aircraft carriers the company is building a “disaster”.Former trade minister Lord Hesketh, who has been deputy chairman of Babcock since 1996, was reported as saying the Navy’s two new aircraft carriers would make it a “laughing stock” and blamed “vested interests” at lead defence contractor BAE Systems for pushing up the price of the £5.2bn programme.“We are paying twice as much as we should to get half the capability,” he said. Lord Hesketh added the contract was a “Looney Tunes” operation that was “about to turn into a classic British disaster”.Babcock, which is part of the consortium building the two £3bn carriers, immediately distanced itself from Lord Hesketh’s comments, issuing a statement at the start of trading on the London stock exchange describing the comments as “personal” adding that they “do not in any respect reflect the views of the company”.However, the statement did little to calm investors with Babcock’s share price falling 5.5p to close at 571.5p. By mid-afternoon Babcock had issued a statement to the stock market saying Lord Hesketh had resigned from the board with immediate effect. Babcock chairman Mike Turner, who was a combative BAE chief executive for six years until 2008, said: “Lord Hesketh has been a long-standing and valued member of the Babcock board, and over this period has made a significant contribution to the development of the group. We thank him for his contribution and wish him well.”Under last month’s strategic defence review, the UK’s fleet of Harrier jump jets will be decommissioned next year. As a result one aircraft carrier currently being built by Babcock will never carry fighter jets and will only be operational for three years. The other aircraft carrier will only become fully operational in 2020, when it receives a fleet of fighter jets from BAE. TIME LINE | BABCOCK8/11/2010 – 07.30amLord Hesketh’s comments about the aircraft carriers are published.8/11/2010 – 08.00amBabcock issues statement distancing itself from Lord Hesketh’s comments.8/11/2010 – 09.00amBabcock shares edge down 5.5p to 571.5p.8/11/2010 – 02.11pmBabcock issues statement that Lord Hesketh has resigned from the board with immediate effect. 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 FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution whatsapp KCS-content Tags: NULLlast_img read more

Ireland passes record austerity budget

first_img Share Ireland passes record austerity budget Tuesday 7 December 2010 4:55 pm Show Comments ▼ 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsappcenter_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 PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald alison.lock THE IRISH government has narrowly passed the harshest budget ever proposed, to make the necessary savings for it to receive EU and IMF rescue funds. It has set out austerity measures for 2011 that impose €6bn (£5bn) of spending cuts and tax rises on the country, including cuts to child benefit and public sector pensions.But the Budget is still relying on growth forecasts that several experts including the European Commission consider overly optimistic.The Parliament passed the first in a series of votes on the budget on Tuesday evening, suggesting that enough of the budget is likely to pass to release bailout funds. The budget’s success had looked in doubt when independent politicians, on whom the government depends for support, said they might vote against it.If the initial resolutions pass this week, the IMF could seek approval from its board for its Irish loan as soon as Friday.Opposition parties slammed the government for mismanaging the economy and sacrificing Irish sovereignty.“This budget is the budget of a puppet government who are doing what they have been told to do by the IMF, the EU Commission and the European Central Bank,” said Michael Noonan, finance spokesman for the centre-right Fine Gael party.The 2011 budget is the toughest in a four-year austerity plan that aims to save €15bn – nearly 10 per cent of annual economic output – to bring the worst deficit in the Eurozone back within EU limits by 2014. Tags: NULLlast_img read more

Acquisitions boost profits at BNY Mellon

first_img Share KCS-content BANK of New York Mellon said yesterday its fourth-quarter profit from operations increased 10 per cent as acquisitions bolstered fee income.Operating earnings rose to $734m (£460m), or 59 cents per share, from $667m, or 55 cents a share, a year earlier. Analysts had expected operating earnings of 57 cents per share.The bank’s operating earnings, on which analysts and investors focus, excludes restructuring and merger costs as well as tax benefits from the year-earlier period. Income from continuing operations declined to $690m, or 55 cents per share, from $712m, or 59 cents a share, a year earlier.Revenue of $3.8bn was up 14 per cent from a year earlier and 10 per cent from the third quarter. That included a 16 per cent jump in fee income to $3.0bn, helped by the acquisitions of PNC’s Global Investment Servicing business and BHF Asset Servicing of Germany last year.BNY said it had a record $25 trillion of assets under custody at the end of 2010, a 12 per cent increase from the end of 2009 and a two per cent gain over the prior quarter.The stock, which has gained 10 per cent over the past year, got a boost in November when Warren Buffett’s Berkshire Hathaway investment firm disclosed it had bought a stake during the third quarter. Meanwhile, BNY’s chief executive Robert Kelly said the bank was looking to buy back stock and resume dividend payments in 2011, rather than pursue more large acquisitionsHe said: “We hope to be in a position where we can do dividends and buybacks again. Last year, there were some motivated sellers. I kind of view that as a one-time event.”BNY cannot resume dividends or buybacks, suspended because of the 2008 financial crisis, without regulators’ permission Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’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 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 AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Adscenter_img Tags: NULL whatsapp Acquisitions boost profits at BNY Mellon whatsapp Wednesday 19 January 2011 8:28 pmlast_img read more

Madoff case accuses JPM

first_img Tags: NULL Show Comments ▼ whatsapp Thursday 3 February 2011 8:25 pm KCS-content Sharecenter_img EXECUTIVES at JP Morgan Chase suspected that Bernard Madoff was running a Ponzi scheme almost 18 months before he was charged with defrauding his investors out of $50bn (£35bn), claims a US court filing. Bankers got blunt warnings about the convicted fraudster but ignored them to protect JPM’s own interests, claims Irving Picard, the trustee seeking to recoup $6.4bn for Madoff investors, in court papers that were unsealed yesterday.Madoff was sentenced to 150 years in jail in 2009 for masterminding the massive fraud.JP Morgan Chase said yesterday the claims were unfounded, adding: “[We] did not know about or in any way become a party to the fraud orchestrated by Bernard Madoff.” It added: “Madoff’s firm was not an important or significant customer in the context of JPMorgan’s commercial banking business.” 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 PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity 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 Madoff case accuses JPM 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapplast_img read more

FORCES, FOOD AND FINANCE

first_imgThursday 10 February 2011 7:57 pm whatsapp FORCES, FOOD AND FINANCE Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Sharecenter_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com YESTERDAY at the Square Mile Salute fundraising banquet, Boris Johnson said: “There are three things I want to share my appreciation for tonight, one – my appreciation for the armed forces, two – for Britain’s financial services and three – food.” The audience of the City’s finest chuckled while a fleet of waiters sailed round them offering canapés made by London’s best chefs. The waiters’ military-style proficiency, however, was not what the assembled guests had turned out for. The banquet, held at the Guildhall, was an event offering the City an opportunity to support troops through Help for Heroes and meet Boris, General Sir Mike Jackson, former head of the army, and, er, Jeremy Clarkson of Top Gear fame. The fundraiser was launched last year by Paul Gayler, the head chef at the Lanesborough hotel, with the help of his friends and rivals at London’s top restaurants, including Sheraton Park Lane, the Hilton and Koffmann’s among others. Gayler says they came together because his son was injured in Afghanistan: “He wasn’t too seriously hurt. He was shot in the groin after ten days and can’t go back. It just brought home to me how important it is to support our boys.” So what is the connection to the City? Gayler laughs: “It’s where the money is, of course. Plus City A.M. and others pitched in to make it happen.”Enthusiastic supporters bid a whopping £8,000 for a two-week internship at City A.M in the auction. And in after hours trading, Lawson Muncaster, City A.M.’s managing director, took another £8,000 for the worthy cause in return for a second internship for the auction’s rival bidder.Johnson showed some more love for the City by regaling the audience with stories from classical antiquity: “Boudica was this country’s first and most disastrous banker basher. It took more than a century for Britain’s economy to recover from it.” Johnson’s aide shuffled him away before he could tell City A.M. whether he thought big bonuses – if donated to Help for Heroes – were a good idea. He did say, however, that the City’s “downstream effect was vital for growth.” An effect probably also true of the guests’ stomachs after the fifth course. KCS-content whatsapp Tags: NULLlast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img Share Safestore HoldingsThe self-storage retailer has appointed Peter Gowers as chief executive, following the retirement of his predecessor Steve Williams. Gowers, 38, joins from InterContinental Hotels Group (IHG), where most recently he was chief executive, Asia Pacific. Gowers began his career at Arthur D. Little before joining the strategy group of Bass in 1999. He joined Bass’s hotel division as head of strategy in 2001, before taking up the role of head of global brand services for IHG in 2003.Barclays WealthThe global wealth manager has announced that Tony Pitcher has joined the firm as client director within its wealth advisory division in Jersey. Reporting to Martin Pollock, head of the wealth advisory business in Jersey, Tony will be responsible for client relationships as well as increasing the firm’s client base in Jersey.Renaissance CapitalThe emerging markets investment bank has hired six senior traders for its global cash equities team. The new additions are Payam Akhavan-Malayeri as global head of cash equities trading, Scott Duxbury as head of ADR trading, Stuart McSporran as head of resources trading, Cameron Macklin as equity arbitrage trader, John Seheri as equity trader, and Grant Nader as derivatives trader.Crest NicholsonHousebuilder Crest Nicholson has boosted its senior management team with the promotion of Steve Evans to the main board. In his new role as group production director, Evans will work across all the group divisions to develop a series of best-practice guidelines.Nomura CodeNomura Code has appointed Ian Mitchell as executive director, equity research analyst, covering the technology sector. Mitchell will report to Michael King, executive director, head of research. Global Investment Strategy UKThe independent stockbroker and corporate finance boutique has strengthened its equity capital markets division with the appointment of Graeme Irwin and Jeremy Austin-Olsen as directors, equity capital markets. They previously worked together at JM Sassoon, Daiwa SMBC Europe and Dawnay Day Investment Banking. They specialise in Asian private equity, capital raising and renewable energy sectors. whatsapp CITY MOVES | WHO’S SWITCHING JOBS Tuesday 1 March 2011 7:21 pm whatsapp Show Comments ▼ KCS-content Tags: NULL 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 PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepedialast_img read more