Cosalt suspends its offshore chief sending shares plummeting 25pc

first_imgMonday 6 September 2010 8:16 pm whatsapp COSALT, a provider of safety equipment to the oil industry, has lost a quarter of its value after the head of its offshore division was suspended from day to day duties. The company, which makes things like lifejackets, First Aid gear and fire extinguishers, said Calum Melville had also resigned as a director. An internal review of the operating practices of the group’s businesses in Aberdeen is underway, a statement confirmed yesterday.Melville joined Cosalt when it bought GTC Group, a supplier of lifting equipment to the oil and gas industry he owned with his brother Stuart, in 2008 for £30m. Cosalt’s shares closed 22.4 per cent lower yesterday at 3.88p. Show Comments ▼ Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’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 ProofTortilla Mango Cups: Recipes Worth CookingFamily 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 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 Sharecenter_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was 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.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Cosalt suspends its offshore chief sending shares plummeting 25pc whatsapplast_img read more

Japan moves to weaken yen

first_imgWednesday 15 September 2010 3:04 am Share whatsapp More From Our Partners Sidney Crosby, Alex Ovechkin are graying and frayingnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.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.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Japan sold the yen in the market on Wednesday for the first time in six years, trying to stop the currency’s relentless climb from hurting exporters and threatening a fragile economic recovery.Fresh after a victory in party leadership contest, Japan’s Prime Minister Naoto Kan appeared to be stepping up efforts to wrench the country out of deflation by targeting yen strength, which has weighed on stock prices and corporate profits.Estimates vary on how much Japan has spent so far in its first intervention in the foreign exchange market since spending 35 trillion yen in 2003-2004. Dealers talk about 300-500bn yen (£2.34-£3.9bn) though some reports put it closer to 100bn yen.The US dollar extended its gains against the yen after an official at Japan’s Ministry of Finance said intervention was not finished, climbing more than two per cent on the day above 85 yen and nearly two yen above a 15-year low.Wednesday’s action pleased its target audience: major Japanese exporters.“We applaud the move by the government and the Bank of Japan to correct the yen’s strength.” Japan’s No. 2 automaker Honda Motor Co. said in a statement. Honda has pencilled in the yen at 87 to the dollar in its financial estimates for the 2010/2011 business year.The Bank of Japan will not drain the money flowing into the economy as a result of the yen selling, sources familiar with the matter said, indicating coordinated efforts with the government to support the economy.The central bank may follow up with additional steps, such as buying more government debt, economists said.Analysts doubt other countries would help Japan tamp down the yen since they also need weaker currencies to boost exports and growth. Intense pressure from Washington on China to let its currency strengthen also makes any attempts by major economies to weaken their currencies particularly sensitive. Show Comments ▼ Japan moves to weaken yen center_img John Dunne Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoTotal 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 HeraldUndo Tags: NULL whatsapp last_img read more

CIC Mining lists on Aim

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 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 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 Sunday 31 October 2010 11:07 pm KCS-content Tags: NULL whatsapp Share CIC Mining lists on Aim whatsapp Show Comments ▼ CIC Mining Resources is to list on the Alternative Investment Market (Aim) this morning. The company, which advises and invests in energy and mining infrastructure, is currently working on a number of projects in South Africa, China and Australia, which it intends to bring to the public markets.One of the companies CIC Mining Resources is currently advising is SL Minerals, which is looking to develop an iron ore project in western Africa. CIC is advising on the development of that project and the intended flotation of the business. In return it has taken a 48 per cent interest in the company.CIC chairman Stuart Bromley said an Aim listing provided the ideal platform for the company to develop its consulting and advisory business. last_img read more

Figures sweeter for Tate & Lyle

first_img Thursday 4 November 2010 10:53 pm Show Comments ▼ 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 Raider Tate & Lyle yesterday beat forecasts with a 21 per cent rise in half-year profit and said it was confident for the full-year. The sweeteners firm posted adjusted pre-tax profit of £136m for the six months to the end of September. Chief executive Javed Ahmed said: “In addition to good operational performance and steady demand growth in a number of our markets, we benefited from strong seasonal demand and improved product income.” Tate is bouncing back from the global recession which forced it into price cuts for its sweeteners, while its sugar cane business is also facing increase competition. Figures sweeter for Tate & Lyle whatsappcenter_img KCS-content 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 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 Share Tags: NULLlast_img read more

Gartmore in new blow as top manager steps down

first_imgMonday 8 November 2010 3:10 am whatsapp Show Comments ▼ John Dunne Share whatsapp Gartmore’s top European fund manager Roger Guy is to leave the firm, the company has announced – sending the share price tumbling.The decision comes after Guy’s co-manager Guillaume Rambourg resigned over an FSA investigation into his dealings.The news wiped 15 per cent off the company’s share price after the FTSE opened.Meanwhile chief executive Jeffrey Meyer said the process was designed to rebuild the troubled company as well as kickstart discussions with potential buyers.He said the company was “beginning to have discussions with other firms … to see whether a business combination is in the best interest of our clients and our shareholders.”Meyer added the firm has not yet had material discussions with potential buyers.“This is very much the beginning of the process for us,” he said.Gartmore, which also announced a £10m cost-cutting programme, added in a statement: “He (Roger Guy) has informed the Board that he wishes to retire from day-to-day fund management. Consequently,the Company has put in place a process to ensure an orderly handover of Roger’s responsibilities and will combine the European Large Cap and All-Cap teams into a single European Equities Team.”John Bennett will take over his duties the firm after a handover period the firm said. center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach RaiderUndo Gartmore in new blow as top manager steps down Tags: NULL More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comlast_img read more

CSC closes in on Trafford Centre mall

first_img Show Comments ▼ 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.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comColin Kaepernick to publish book on abolishing the policethegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Tags: NULL KCS-content whatsapp CSC plans to issue £750m in new shares and convertible bonds to Peel, as well as taking on £800m net debt from the firm if the deal goes ahead. Peel, which is privately owned by property billionaire John Whittaker, will own 19.9 per cent of CSC as part of the deal. Peel could also convert bonds it receives through the sale into shares, giving it a 24.9 per cent stake and making Whittaker the largest investor in CSC. He will become a non-executive director and deputy chairman of the CSC board, the firm said. CSC announced that it was also considering an equity placing worth up to 9.9 per cent of existing shares, worth £221m at yesterday’s closing price, to help fund the purchase and pay down debt. However, the total amount raised is likely to be lower as the stock becomes diluted by the two share issues. Seymour Pierce analyst Sue Munden, who currently has a “sell” rating on CSC, told City A.M. yesterday: “This move is to be welcomed. Obviously the share placing is going to have a dilutive effect, but it is a way for the company to attract investors at a time when they are acquiring a high profile asset.“We have always believed that the operational management of the group is strong but they have been held back, in our view, by a weak financial structure.”Shares closed 5.1 per cent lower yesterday at 337.4p.SIMON MACKENZIE-SMITHMERRILL LYNCHCAPITAL Shopping Centres (CSC) has taken on Bank of America Merrill Lynch and UBS to advise on its planned share placing. Simon Mackenzie-Smith and Simon Fraser are heading the team at BAML. Mackenzie-Smith has been with Merrill Lynch since 1996, when he joined as managing director of investment banking. He is credited with being instrumental in establishing the bank’s UK franchise, and has been involved in a wide range of mergers and acquisitions and restructurings – including Punch’s acquisition of managed pubs operation Spirit in 2006.Co-head of corporate broking Simon Fraser has spent 14 years at the bank, working alongside Mackenzie-Smith on the Segro, Debenhams and Liberty deals, as well as Inchcape, Natex and SSE.UBS corporate broking managing director Jonathan Bewes and head of investment banking Hew Glyn Davies are also advising. Davies has several retailers among his client list including Sainsbury’s and Northern Foods, as well as Bank of Ireland, which completed a €1.7bn rights issue in June.Bewes worked with Davies to advise Capital Shopping Centres when it split from Liberty in March this year. He has also worked with AMEC, chemicals firm ICI and broadcaster Carlton during its £4bn merger with Granada. whatsapp CSC closes in on Trafford Centre mall Share Wednesday 24 November 2010 8:41 pm 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center CAPITAL Shopping Centres (CSC) confirmed yesterday it was close to buying the Trafford Centre in Manchester for a total of £1.6bn. The retail property group said it was in advanced talks with current owner Peel Holdings, which has held the shopping centre since it was built in 1998 at a cost of £600m. last_img read more

Germany will say auf wiedersehen to euro

first_img Germany will say auf wiedersehen to euro whatsapp Sunday 28 November 2010 7:56 pm KCS-content GERMAN DEPARTURE HAS BENEFITSOnce this episode is over, almost everybody will be much happier. The Germans will no longer have to grind their teeth about bailing out the rest of Europe and the rest of Europe will find that growth is now possible with a more competitive currency. Indeed, many countries might be in for a period of strong growth and improved employment similar to that seen when the UK left the European exchange rate mechanism.It must be noted that it’s likely that the euro won’t break down fully. There will remain a group of countries that are close enough economically to remain linked. This is the group of nations, with Germany as the hegemonic power, which from the outset should have pursued integration but critically should also have been brave enough to say “no” to those that did not measure up. In the end they were doing nobody any favours by allowing countries to fudge their entry criteria.The only problem that lies in the way of this rational outcome is that much of Europe is currently burdened by a political elite that can’t admit that it was wrong. There seems to be no desire amongst these politicians to recognise that a single currency was a mistake for many nations and that it’s time to find an exit strategy. The people of Europe need better leadership and they need it now.Guy Johnson co-anchors European Closing Bell weekdays on CNBC NEXT year will see the first member of the single currency starting to talk seriously about leaving the Eurozone. That country will be the nation with the strongest and the most dynamic economy in Europe. That country will be Germany.The survival of the euro is no longer up for debate. If 2010 has proved anything it is that the productivity divide between core and periphery is too great to be spanned by a single currency. The only real question is how does the breakdown happen and which countries Berlin is prepared to take with it?Labelling countries “winners” and “losers” in this process would though be a mistake. Germany may initially look like a “winner” but there will be considerable pain for the country’s exporters as its new/old currency appreciates rapidly. On the other hand, a country like Ireland will feel much better about its prospects once the pain of separation has passed. Though it must be admitted that the actual breakdown will not be an easy process. Every country in the region has the bulk of its debts in euros. Consequently, for many nations there will need to be a debt restructuring. This will not be a pleasant experience for debtors or creditors, though many are increasingly aware that it is on the horizon.center_img Show Comments ▼ 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 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 TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Share Tags: NULLlast_img read more

Private equity firms to sell a third of Denmark’s TDC

first_img whatsapp Private equity firms to sell a third of Denmark’s TDC THE FIVE private equity owners of Danish telecoms player TDC will bank up to £2.35bn from the sale of a third of the group through a share buyback and public offering. The partial exit of Apax Partners, Blackstone Group, Kohlberg Kravis Roberts, Permira Advisers and Providence Equity Partners effectively relaunches TDC on the Copenhagen bourse in one of the biggest European public offerings of 2010.The firms originally bought TDC in 2005 in what was then the largest European leveraged buyout in history.The majority owners said they had priced the offering of 210 million shares at 51 krone per share, the middle of an earlier narrowed range of 50-52 krone per share.The share sale is the latest example of private equity firms making the most of a relative resurgence in demand for equity offerings in Europe to cash in on investments they made several years ago.It follows a successful debut offering by Danish jeweller Pandora in October.The private equity consortium stand to raise 12.3 billion krone (£1.38bn) from the sale if an over-allotment option of 31.5 million shares is exercised.They will also pocket 8.7 billion krone from a share buyback by TDC, expected to settle on Dec. 13-15, which is part of a plan to re-leverage the company.Together the sale and share buyback by TDC will cut the stake held by the consortium to about 55.4 per cent from 87.9 per cent – if the overallotment is fully exercised. They are expected to sell down their remaining stakes in the future.Around 10,000 investors bought shares in the offering, the company said, with 16 per cent being sold to retail investors.A source close to the deal said it saw good demand from both Nordic and international institutions, and investors were attracted by the stock’s high dividend yield of 8.5 per cent. Thursday 9 December 2010 7:46 am Share whatsapp Tags: NULL alison.lock 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼last_img read more

Industry growth in Eurozone

first_img Show Comments ▼ Tags: NULL Industry growth in Eurozone Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Share whatsapp whatsapp Wednesday 12 January 2011 7:41 pm INDUSTRIAL production rose across the Eurozone in November, it was announced yesterday, on a day of good economic data for the single currency area.Production increased by 1.2 per cent on the previous month, a far greater jump than had been expected by economists.The annual rate of production growth rose from 7.1 per cent to 7.4 per cent, as the euro area looks to recover.“The industrial sector will have made a decent contribution to Eurozone GDP growth in the fourth quarter of 2010,” said Howard Archer of IHS Global Insight.In France, industrial production jumped 2.3 per cent after strike action affected October’s results. Meanwhile, there were also monthly gains in Italy (1.1 per cent) and Spain (1.2 per cent).Germany experienced a surprise fall, dropping 0.7 per cent on the previous month, although 11.4 per cent year on year.And the outlook for the German economy remains extremely positive as official figures showed a 3.6 per cent uptick in GDP growth for 2010.The boom represents the sharpest annual growth rate since German reunification.The rapid recovery follows the previous year’s slump, when the German economy contracted by 4.7 per cent.And the upturn may have been even sharper if not for harsh winter conditions towards the end of the year. Growth in the fourth quarter probably slowed to around 0.6 per cent, compared to the third quarter, according to ING’s Carsten Brzeski. KCS-content last_img read more

Firms attack changes to paternity law

first_img Show Comments ▼ whatsapp KCS-content Firms attack changes to paternity law 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 Ads DEPUTY Prime Minister Nick Clegg was accused of risking a bureaucratic nightmare yesterday, after outlining plans to expand impending paternity leave regulations.Clegg wants to “transform” paternity leave so that fathers can take regular chunks of their wives’ or partners’ maternity leave – yet the policy was attacked as unworkable by business groups and employment lawyers.“This will be nightmare for employers,” said Anthony Fincham of law firm CMS Cameron McKenna. “Without becoming unacceptably intrusive, how will even sophisticated HR functions be able to police the division of parental leave?”The coalition is pushing through the former Labour government’s paternity leave regulations, which come into force from April and enable a mother to transfer six months of her maternity leave to the child’s father.“Of course there may be cases where the identity of the father is disputed,” McKenna added.Clegg wants couples to be able to swap chunks of their entitlement with each other during their child’s first year,“Business is not against the principle of shared parental leave, but this is too difficult for small businesses to deal with, and could prevent them from taking on staff,” said David Frost of the British Chambers of Commerce (BCC).“The problem with chopping and changing is that companies will struggle to put a replacement in place,” said employment lawyer Adrian Crawford of Kingsley Napley.As statutory payment is capped at £130 a week, most parents will try to keep the better paid half of the couple at work, Crawford explained.“It’s notable that Nick Clegg is married to a very well paid prominent lawyer,” Crawford quipped.The government has promised to consult widely, with a view to introducing the extra measures in 2015. whatsappcenter_img Share 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 Monday 17 January 2011 8:55 pm Tags: NULLlast_img read more