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BORIS LEADS LONDON PEDAL POWER

By on September 4, 2021

first_img Share BORIS LEADS LONDON PEDAL POWER whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo Tags: NULL whatsappcenter_img 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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com KELLY Brook, London Mayor Boris Johnson and Olympic cyclist Sir Chris Hoy led the bike brigade yesterday as the annual SkyRide cycling event was held over a 15km course in London. Before the event Brook said she loves cycling and it is an ideal way to keep fit. Nevertheless she had a wobbly start – perhaps as a result of her decorative but impractical high-heel, plunging top and skin tight jeans riding outfit. Show Comments ▼ Sunday 5 September 2010 9:42 pm KCS-content last_img read more

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BEST OF THE BROKERS

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first_img Show Comments ▼ WELLSTREAMCitigroup has downgraded its rating of Wellstream from “buy/high risk” to “hold/high risk” as the premium seems largely priced in and there is the potential for a takeover deal to not go through. The broker prefers to wait and see on what might happen with the British-based oil services company.DEBENHAMSGoldman Sachs has updated estimates for Debenhams. The broker hasn’t changed its “neutral” rating for the retailer but has moved its price target from 92.5p to 89.2p. The broker estimates that risks to the price target include weaker sales, higher imported costs and stronger competitive pressures in UK retail.IMPERIAL TOBACCOAfter Imperial Tobacco’s pre-close statement, UBS remains happy to be at the low end of the consensus range since cigarette volumes appear weaker than expected and revenue appears to be below the broker’s growth expectations. The broker maintain a “neutral” rating and said management need to outline an organic growth strategy. Share 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 whatsapp whatsappcenter_img BEST OF THE BROKERS 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 ScottsdaleMoneyPailPeople 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Thursday 23 September 2010 7:40 pm KCS-content Tags: NULLlast_img read more

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Bakers poaches Luxembourg law firm and E&Y team to launch new office

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first_img BAKER & McKenzie, the world’s largest law firm by revenue, is to open a new office in Luxembourg in a move that sees it take over a local 15-lawyer practice and five tax specialists from accountants Ernst & Young (E&Y). As part of the new launch, Bakers has acquired local law firm Findling Collin Fessmann, including key partners Jean-Francois Findling, Raphael Collin and Laurent Fessmann. In an unusual move for a law firm, Bakers has also poached a team of five tax specialist from E&Y led by Andre Pesch.Findling and Pesch will lead the new office, which will predominantly focus on advising funds on tax, corporate and finance related matters.“We’ve been in Europe for more than 50 years now but it has become increasingly obvious that we’ve needed to be in Luxembourg to fully respond to our clients’ needs,” said James Burdett, who leads the City funds practice at Bakers. Burdett said the new office will link back to the City as an increasing number of funds are looking to register in Luxembourg. Share Bakers poaches Luxembourg law firm and E&Y team to launch new office whatsapp KCS-content 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.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Thursday 30 September 2010 10:42 pm Show Comments ▼ Tags: NULL whatsapplast_img read more

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Harley profits move up a gear

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first_img KCS-content 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 Harley profits move up a gear Share Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky 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 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 whatsappcenter_img Motorcycle maker Harley-Davidson reported a stronger-than-expected profit yesterday – but only because improved results at its once-struggling finance arm helped offset stubbornly soft sales of its bikes. The company also said the economy in the US, its biggest market by far, continues to hurt sales there and said it was not sure when US buyers would return to dealer showrooms. Harley-Davidson reported a third-quarter net profit of $88.8m (£56.6m), up from $26.5m a year earlier. Show Comments ▼ Tuesday 19 October 2010 7:36 pm Tags: NULLlast_img read more

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China surprises markets with interest rate hike

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first_imgWednesday 20 October 2010 3:14 am More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com John Dunne whatsapp Show Comments ▼ Share China’s central bank surprised markets with its first increase of interest rates in nearly three years, a move that reflects concern about resurgent asset prices and could mark the start of a more aggressive phase of monetary tightening in the world’s fastest-growing major economy.The People’s Bank of China said it was raising benchmark rates by 25 basis points, taking one-year deposit rates to 2.5 percent and one-year lending rates to 5.56 per cent.If there was ever any doubt about China’s role in driving the stuttering global economic recovery, the impact was felt by markets across the board. Oil and gold prices tumbled, stocks turned negative in Europe and the dollar jumped.“The interest rate rise is entirely outside of market expectations,” said Zhu Jiangfang, chief economist at CITIC Securities in Beijing.“The recent rise in headline inflation has put the real rate into negative territory. And I think that’s why the central bank needs to raise interest rates in such a hasty way,” he said.Some analysts said the rate increase also suggested a deal was in place between China and the United States to strengthen the yuan and put an end to worries about a currency war of competitive devaluations ahead of upcoming Group of 20 meetings.But others said just the opposite was the case – with higher rates, Beijing can afford to rely less on currency appreciation to keep the economy on an even keel.Finance ministers of the G20 major economies will aim to tackle the currency strains in a meeting in South Korea starting on Friday. The country also hosts a G20 leaders’ summit in November.Although announced by the People’s Bank of China, the decision to increase rates would have received approval from the highest echelons of Chinese power, with Premier Wen Jiabao likely signing off on it.Once a consensus has been forged in Beijing to raise or cut rates, past experience shows that moves often come in bunches.In the view of some, it is about time for China to embark on a more aggressive tightening cycle. To date, it has relied on lending restrictions and banks’ reserve requirements to keep growth from boiling over.“Fundamentally, policy rates are just too low for an economy that’s growing around 10 percent. To avoid bigger distortions, China needs to start moving rates to more appropriate levels,” said Rob Subbaraman, an economist with Nomura in Hong Kong.“China’s economy looks as though it’s decoupling from other major economies, and its policies should as well,” he said. center_img Tags: NULL 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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity 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 China surprises markets with interest rate hike last_img read more

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Vodafone set to pay £350m in tax dispute

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first_img Show Comments ▼ Monday 15 November 2010 9:00 pm whatsapp Share VODAFONE was yesterday told it must pay £350m in relation to its Indian tax dispute within the next three weeks.The telecoms giant must also make a bank guarantee worth £1.2bn within eight weeks.Vodafone is embroiled in a legal battle with Indian authorities over a disputed capital gains tax bill relating to its 2007 purchase of Hutchison Whampoa’s mobile business.A Vodafone spokesman told City A.M.: “This is part of the legal process and Vodafone will comply with the ruling. As we understand it the money will be paid back with interest if the case goes in our favour.”He added: “We are confident there is no tax liability resulting from this transaction and all the tax and legal advice it has received remains consistent with this view.”The Supreme Court will hold its next hearing for the case on 24 February, although Vodafone is desperate to settle the matter out of court.Vodafone has placed India at the centre of its growth plans as it pursues fast-growing markets.It recently offloaded its £3.1bn stake in Japanese carrier SoftBank. It also disposed of its £4.3bn interests in China Mobile.Last week Vodafone chief executive Vittorio Colao predicted its Indian business will eventually eclipse its European ventures in terms of revenue. He pointed to the relatively low level of data penetration in the market as a potential goldmine as smartphones continue their shift to the mainstream. This year Vodafone was forced to take a £2.3bn impairment charge on the division thanks to fierce competition and rapidly escalating spectrum costs.TIME LINE | VODAFONE IN INDIA1995Hutchison Essar is founded under the name Max Touch, renaming to Orange in 2000.February 2007Vodafone acquires Hutchison Essar for $11bn (£7.5bn).December 2008An Indian court dismisses a petition against a $2bn tax bill relating to Vodafone’s purchase.February 2010Vodafone is forced to take a £2.3bn impairment charge on the division thanks to fierce competition and spectrum costs. May 2010Vodafone pays £1.74bn for a section of the Indian mobile phone spectrum to provide 3G services. The telecoms giant was involved in a fierce bidding war that pushed the price far higher than it hoped to pay – three times the predictions of some analysts.November 2010Vodafone solidifies India in its strategy when it announces it will offload its stake in Japan’s Softbank Vodafone set to pay £350m in tax dispute center_img 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.comBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionTaonga: 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.comBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center whatsapp KCS-content More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Tags: NULLlast_img read more

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CVC eyeing Punch Taverns

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first_img Tags: NULL CVC eyeing Punch Taverns 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 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 NowHealthyGem whatsapp KCS-content Sharecenter_img whatsapp Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Sunday 5 December 2010 11:25 pm Private equity group CVC is planning an to bid for British pub company Punch Taverns, according to weekend reports.CVC is also understood to be in talks with Punch Tavern’s adviser Goldman Sachs (GS.N) about a bid for part of Punch Tavern’s 6,000-strong leased pubs estate. CVC declined to comment on the report. Show Comments ▼last_img read more

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ECB takes its foot off the gas in bond purchase programme

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first_img whatsapp whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI 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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.com Tags: NULL Share Monday 20 December 2010 8:58 pm KCS-content ECB takes its foot off the gas in bond purchase programme Show Comments ▼ THE European Central Bank (ECB) slowed its rate of sovereign bond purchases significantly last week, figures out yesterday showed. The ECB bought €600m’s (£507m) worth of gilts in the week to last Friday, marking a sharp downward shift from its purchases of €2.7bn, €2bn and €1.3bn in the previous three weeks respectively. Last week also saw a disappointing auction of short-dated Spanish debt, with Spain selling less than expected and paying more for its money. The slowdown in special bond purchases in part reflects a market wind-down before Christmas, but could also signal a concession to its board’s more hawkish German membership.However, the lighter intervention is likely to be temporary. ING Bank’s Martin van Vliet said: “With the Eurozone debt crisis far from over, the ECB will probably be forced to ramp up its bond purchases again early next year.”Goldman Sachs has estimated that, between them, Spain, Belgium, Italy and Portugal will need to refinance €707bn’s worth of debt next year.With yields skyrocketing, it is likely that the ECB will be pressured to intervene in secondary markets to temper borrowing costs. last_img read more

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Persimmon in bullish mood as sales surge

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first_img Show Comments ▼ whatsapp whatsapp Persimmon in bullish mood as sales surge HOUSEBUILDER Persimmon yesterday said underlying pre-tax profit for 2010 will be at the top end of market views, despite bad weather knocking sales before Christmas.The UK’s largest homebuilder by market value, which is led by chief executive Mike Farley, said it completed 9,384 homes in the year ended 31 December, against 8,976 last year. Average prices rose six per cent to £167,000, lifting turnover by 10 per cent to £1.57bn.Analysts expect an underlying pre-tax profit of £85m for 2010 according to a poll of 21 analysts compiled by the company.House prices fell in four out of the last six months, rising slightly in December, but activity was knocked by bad weather in the month.Persimmon also added that its current chairman and former chief executive John White will step down in April. He will be replaced by Nicholas Wrigley, who is currently executive vice chairman at investment bank Rothschild. Sharecenter_img KCS-content 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Monday 10 January 2011 7:25 pm 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 AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionlast_img read more

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Small PE firms outshine the largest over returns

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first_img THE biggest private equity firms have not delivered the best returns, new research from European business school EDHEC showed yesterday.A firm’s size has a huge influence on its investments’ level of return – and this overwhelmingly seems to favour small independent firms over larger groups. Large firms which hold a large number of investments at the same time “underperform substantially”, according to the study that analysed 7,500 private equity investments worldwide over 40 years.Super-sized private equity houses such as Carlyle, with more than 400 investment managers and $98bn (£62bn) under management or KKR with $55.5bn under management and 650 staff, say they use their global reach and expertise to deliver market-leading returns. But layers of hierarchy and higher communication costs in big firms created diseconomies of scale, outweighing the benefits of pooling knowledge, the report said.Longer duration deals generated much lower returns than those held for less than two years. One in four deals achieved an internal rate of return (IRR) above 50 per cent, while the median IRR was 21 per cent. Share Monday 17 January 2011 8:54 pm Show Comments ▼ Tags: NULL whatsapp KCS-content whatsapp Small PE firms outshine the largest over returns 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 last_img read more

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