BEST OF THE BROKERS

first_img KCS-content LLOYDSMorgan Stanley places an “underweight” rating on Lloyds banking group. It says first-half figures were reassuring but warns of lower improvement ahead, with a slowing down of its book re-pricing. The bank faces a funding challenge, with the world facing austerity measures and a predicted housing dip by the end of 2011, it believes.YELLYell receives a “neutral” rating from J P Morgan which emphasises the impact of poor economic sentiment on customer confidence. It thinks this may prevent strong revenue improvement in 2011 which it sees as key, but it acknowledges that the stock is trading at good value, and expects it to rise on the first sign of good news. RSACitigroup retains its “buy” rating on insurance group RSA but moves it from medium to high risk. It still sees value in the shares but thinks the stock will struggle to outperform in the near term, given it may be hard to shake-off perceptions that large-scale M&A is the focus after the failed £5bn bid for rival Aviva’s non-life operations. Share whatsapp Tuesday 17 August 2010 7:51 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comcenter_img Show Comments ▼ BEST OF THE BROKERS whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Tags: NULLlast_img read more

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Ambrian snaps up Masefield

first_img Wednesday 18 August 2010 7:27 pm KCS-content whatsapp Show Comments ▼ Share Ambrian snaps up Masefield Tags: NULL whatsapp Specialist investment bank Ambrian Capital said yesterday it had acquired Masefield Biofuels, which focuses on biodiesel produced from palm oil, from the Masefield Group. It did not reveal the price. Ambrian said it would invest $5m (£3.2m) of capital into the new company, to be called Ambrian Energy and be headed by Bernd Sturmheit who worked for Vattenfall and E.ON before joining Masefield. 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 Prooflast_img read more

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Stagecoach is on track as rail improves

first_imgWednesday 18 August 2010 7:32 pm Stagecoach is on track as rail improves 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com KCS-content STAGECOACH yesterday reported a rise in sales at its British and US transport businesses, with its rail operations performing strongly. Stagecoach, operator of the South West Trains franchise in Britain and which last year failed in an attempt to buy rival National Express, said in a statement it had significant undrawn bank facilities.The company’s chief executive Brian Souter said in June the group would continue to assess takeover opportunities, using the company’s strong balance sheet. Like-for-like revenue at Stagecoach’s UK rail business, which includes the South West Trains London commuter franchise, grew seven per cent in the 12 weeks to 25 July, while Virgin Rail, in which it owns a 49 per cent stake, achieved sales growth of 18.7 per cent.Sales at its UK bus unit rose two per cent, while its North American coaches operation posted a 6.9 per cent rise in underlying revenue in the three months to the end of July, shrugging off tough economic conditions.Shares rose by around three per cent after the trading statement. National Express walked away from talks over a takeover by Stagecoach last October, opting instead to raise cash by selling shares to cut its debts. Since then, Europe’s biggest transport group Deutsche Bahn has sealed a takeover of Britain’s Arriva and predicted a Europe-wide transport sector consolidation wave as companies look to take advantage of a more liberalised transport market.Analysts at UBS have said a new bid from Stagecoach for National Express, which has a major presence in the North American and Spanish bus markets, is a possibility.Stagecoach said the outlook for its businesses was positive despite uncertainty surrounding the effect of the change in the UK government and the sustainability of economic recovery. It added it remains on course to meet its expectations of profitability for the year. The company is expected to report a full-year pre-tax profit of between £178.6 and £202.4m. whatsappcenter_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo Show Comments ▼ Tags: NULL Sharelast_img read more

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General Electric wades into row over immigrants

first_img Show Comments ▼ Tags: NULL whatsapp ENGINEERING giant General Electric has hit out at the government over alleged recruitment problems caused by its immigration policy.General Electric, which makes jet engines, gas turbines and other heavy industrial equipment, said it had been unable to hire a stem cell research executive from India and turbine engineers from outside the European Union because of the government cap.Ministers introduced the temporary cap on non-EU immigration after the general election with a view to agreeing a permanent limit later this year.But the move has faced criticism from business leaders who have branded it a blunt instrument, while others said the cap is too tight because it was based on immigration during the economic downturn, when demand for overseas workers was lower.GE’s national executive for north Europe, Mark Elborne, told a Sunday newspaper that the group had only been given a small quota of people it could recruit from outside the EU.Elborne said the move could damage Britain’s competitiveness and make it a less attractive place in which to invest. General Electric wades into row over immigrants Share More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell 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.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org KCS-content Sunday 19 September 2010 10:35 pm whatsapplast_img read more

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IoD: New tax could drive banks abroad

first_imgMonday 4 October 2010 9:02 pm THE Institute of Directors (IoD) has warned the government that plans to introduce a banking levy could drive banking business overseas.The IoD claimed the tax is a knee-jerk reaction designed to tap into anti-bank sentiment.It said that the proportionally large UK tax – £2.5bn a year compared to €1.2bn (£1bn) in Germany – risks jeopardising the UK’s position as a premier finance centre. It also criticised taxing institutions which are largely owned by the public.While the IoD says the proposed levy of £2.5bn a year by 2013 is manageable, it believes it could pave the way for further taxes to be introduced, especially if Labour are voted in at the next election.The government hopes to avoid companies simply changing their domicile by applying the levy to banks conducting business in the UK. However, the IoD warns that corporation tax revenues would be undermined if companies are forced abroad.Miles Templeman, director-general of the IoD, said: “There is clearly public concern about how some of the banks have behaved which needs to be addressed, but this should be done in a way that doesn’t encourage the banks to move their headquarters out of the UK. “There is a risk that the bank levy, as currently designed, will drive banking business away, while doing nothing to reduce the risks that banks pose to the wider economy.”The IoD also said George Osborne has a mountain to climb on tax competitiveness.It said the coalition is heading in the right direction on tax policy, but has a “very long way” to go if it wants to stem the exodus of business and attract new investment to the UK.The UK’s corporation tax rate of 28 per cent means that 18 out of 31 OECD countries have lower rates. KCS-content Share Show Comments ▼ IoD: New tax could drive banks abroad whatsapp whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tags: NULLlast_img read more

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Mothercare steps up overseas expansion

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 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 AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Mothercare is accelerating its expansion overseas, particularly in India, and has raised its profitability target for international stores.The firm, which is taking analysts on a tour of its operations in India, said it expected total overseas network sales to double to £1bn by 2014.It will open 175 overseas stores in its 2010-11 financial year, up from previous guidance of 150, and 150 a year from 2011-12 onwards, up from a previous target of 100.That will increase overseas selling space by about 15-20 per cent a year.Mothercare, which has been battling a tough consumer backdrop in Britain, said it would have 70 stores in India by March, and would increase that to at least 200 by March 2015.It is also targeting a 20-30 basis point increase in international profit margins per year, up from its previous goal of 10-20 basis points. Mothercare steps up overseas expansion whatsapp John Dunne Thursday 9 December 2010 3:09 am Tags: NULLcenter_img whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’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 Wrap Show Comments ▼ Sharelast_img read more

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Wikileaks founder still in jail

first_imgTuesday 14 December 2010 9:33 pm Share whatsapp KCS-content Wikileaks founder Julian Assange was granted bail by Westminsters magistrates yesterday but returned to Wandsworth prison last night, after the Swedish authorities appealed against the decision. Sweden has 48 hours to convince the court that Assange is likely to flee attempts to extradite him to face allegations of sexual offences. Lawyers for Assange said he was being persecuted and that the Swedish prosecutors “clearly will not spare any expense to keep Mr Assange in jail”. Meanwhile, another tranche of diplomatic cables was released yesterday. Tags: NULL Show Comments ▼center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal 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 ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndo More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp Wikileaks founder still in jail last_img read more

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Fare hike hits commuters

first_img Fare hike hits commuters whatsapp Show Comments ▼ Tags: NULL whatsapp 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 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 Proofcenter_img Monday 3 January 2011 11:18 pm Share KCS-content COMMUTERS returning to work following the Christmas break have been hit with a fare hike of up to 13 per cent on annual rail season tickets.Rail passengers in London and the South East are facing increases as high as 12.8 per cent on some high-speed lines.Yearly tickets will increase across the country by 6.2 per cent on average, yet train operator Southeastern has been allowed to increase fares by 7.8 per cent on average to reflect extra investment in the franchise.High-speed services between Tonbridge and London will now cost £5,192, up 12.7 per cent, while services between Ashford and the capital will now costs £4,328, up 12.8 per cent. Train operators on regular commuter services have been allowed to increase regulated fares by 5.8 per cent and unregulated fares by up to 5.2 per cent.A yearly ticket from Brighton to London will rise to £3,832, up 7.76 per cent with operator Southern, while a First Capital Connect yearly pass between Huntingdon and London will cost £4,260, up 6.4 per cent.Bus and Tube fares across the capital have also risen by an average of 6.8 per cent, with a raft of changes. Amongst the adjustments is an increase in the daily cap on Oyster journeys by Tube, with fares up £1 to £6.60 during off-peak hours and up 80p at peak times to £8.Single bus journeys now cost £2.20 for cash tickets, up by 20p, and £1.30 on Oyster, up by 10p.A Department for Transport spokesman said: “Revenue from fares enables the Government to continue to deliver much needed improvements on the rail network.” 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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Starbucks hits back at McDonald’s with new cup

first_imgSunday 16 January 2011 10:29 pm 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 Show Comments ▼ Starbucks hits back at McDonald’s with new cup whatsapp KCS-content center_img Share STARBUCKS will soon introduce a new “Trenta” cup that will dwarf even its supersized Venti.The new offering will be available only for cold drinks such as iced coffee and iced tea and will cost around 30p more than Venti drinks.Seattle-based Starbucks tested the new size in several US markets last year, saying it was responding to customer demand for larger cold beverages. McDonald’s, the world’s biggest fast-food chain, has taken direct aim at Starbucks with frappes, fruit smoothies and espresso drinks such as lattes and cappuccino. It also has lured customers by selling supersized sweet tea drinks for just $1 ($63p) each.Meanwhile, Starbucks last week announced a new alliance with Indian firm Tata Coffee.The deal sent the Indian conglomerate’s share price rocketing 20 per cent. The deal could represent Starbucks’ first expansion into the rapidly growing Indian market.Starbucks is expanding rapidly in growing nations and recently announced plans to triple its number of Chinese outlets. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAmoMediaRich Guy Mocks Disabled Waiter, Regrets It ImmediatelyAmoMediaBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadaStyleVamp11 Celebs And Their Historical DoubleStyleVampcutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comFoundation FixFoundation Repair Cost In Scottsdale May Surprise YouFoundation FixBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestinationPlumbing ServicesPlumber Prices In Scottsdale might surprise YouPlumbing ServiceseSaver OrgThousands in United States Found the Device That Can Slash The Electricity BilleSaver Orgvirimi.com14 Efficient Arm Workouts To Build Might & Muscle – Virimivirimi.com whatsapp Tags: NULLlast_img read more

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Julius Baer to return £325m to shareholders in buyback

first_imgMonday 7 February 2011 9:06 pm Julius Baer to return £325m to shareholders in buyback KCS-content whatsapp Share “We would expect UBS and Credit Suisse this week to see similar trends in private banking: healthy net new money but weak revenue and higher costs,” said Nomura in a note. Show Comments ▼ Tags: NULL SWISS private bank Julius Baer will buy back up to Swfr500m (£325m) of shares and raise its dividend, returning excess capital to investors after an unsuccessful acquisition hunt.“There is nothing to say we won’t make further share repurchases unless we do an acquisition and use the capital for that,” chief financial officer Dieter Enkelmann said yesterday.Switzerland’s biggest listed pure-play private bank said it increased net profit by six per cent and attracted Swfr9bn of net new money in 2010, even as the franc’s strength against the euro ate into assets and profits. Full-year profit declined 9.3 per cent to Swfr353m in 2010 from Swfr389m a year earlier. Assets under management fell to Swfr170bn at the end of 2010 from Swfr175bn two months earlier, partly because of gains in the Swiss currency against the dollar and euro.“We have regained momentum in the second half and we are hoping to continue this momentum into 2011,” said chief executive Boris Collardi, adding that currency volatility remained one of the major challenges facing the private bank this year.The impact of Swiss franc strength on profits and on client assets will be the focus this week as results come in from Swiss banking heavyweights UBS and Credit Suisse. whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut 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 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 ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comlast_img read more

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