BEST OF THE BROKERS

first_img KCS-content HMVUBS rates the retailer a “buy” but has reduced its target price to 65p from 72p. The broker says markets remained weak over the summer due to the World Cup, but that competitors fared better thanks to promotions. It has cut its pre-tax profit estimates for 2011 by six per cent to £65m, and expects a dividend cut next year. MORGAN SINDALLNumis views the construction firm’s purchase of Connaught’s contracts last week as a good fit, and rates the stock a “hold” with a target price of 595p. The firm’s existing presence in the sector should smooth the transition with clients, and the broker sees a return to margins of three to four per cent in the contracts. SYNERGY HEALTHCARECharles Stanley has started coverage with a “buy” rating and a target price of 848p, based on the healthcare laundry firm’s expansion into Europe and China after success in the UK. The broker forecasts five-year earnings growth of around 12 per cent per year, and predicts a surge in the firm’s sales as outsourcing rises. whatsapp Share whatsapp More From Our Partners Brave 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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Sunday 12 September 2010 10:33 pm Show Comments ▼ BEST OF THE BROKERS Tags: NULLlast_img read more

CEBR predicts £100bn in QE and no rates change

first_img Tags: NULL whatsapp KCS-content whatsapp CEBR predicts £100bn in QE and no rates change Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Sunday 17 October 2010 10:55 pm NEW CEBR forecasts taking into account Wednesday’s Comprehensive Spending Review show growth slowing in 2011 but increasing thereafter as the recovery speeds up.It has forecast growth of 1.6 per cent in 2010, 1.3 per cent in 2011, 1.4 per cent in 2012, 1.8 per cent in 2013 and 2.4 per cent in 2014.Its forecasts include an additional £100bn in quantitative easing and the base rate of interest remaining at 0.5 per cent until at least late 2012.The CEBR says that, given the normal margin of forecasting error, these forecasts imply a one in ten chance of negative growth for the UK economy in 2011. However, it remains confident that the strength of emerging economies will prevent a double dip recession. The chance of negative growth in the first quarter of 2011, directly after the Vat hike, stands at 50 per cent, with the CEBR forecasting growth of just 0.1 per cent. Show Comments ▼last_img read more

Carlyle in $3bn bid to buy CommScope

first_img whatsapp PRIVATE equity firm Carlyle Group is in talks to buy CommScope for about $3bn (£1.9bn), the communications cable maker said. It is the latest sign of a resurgence of acquisitions by private equity firms, which are under pressure to invest billions of dollars of capital raised in the past few years.Private equity takeovers – known as leveraged buyouts – plummeted after the credit crisis limited access to debt financing. But the financing markets have since improved enough for large deals to be struck again. In July, Carlyle announced a $3.8bn deal to buy US nutritional supplements maker NBTY.Under the terms of a what CommScope called a “potential agreement,” Carlyle would buy CommScope for $31.50 per share in cash, a premium of 36 per cent to the shares’ Friday’s closing price, CommScope said.“We consider a deal price of $31.50 fair,” UBS analysts said in a research note. But they added that their “own internal analysis had produced scenarios with a potential take-out value 5-10 per cent higher.”The UBS analysts said they did not foresee any rival telecommunications companies or other logical strategic buyers emerging to counter Carlyle’s bid.Corning, and possibly 3M and Huawei, would be the most likely strategic buyers that would consider a deal, the analysts said. But “we believe either price, size of deal, cultural and regulatory hurdles, would make it difficult to consummate any deal,” they wrote.The deal values CommScope at $2.98bn, based on 94.72m shares outstanding as of 21 July. Carlyle in $3bn bid to buy CommScope Monday 25 October 2010 7:29 pm More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.com Tags: NULL Sharecenter_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 Timesmoneycougar.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 FarmDirect HealthyKate Silverton’s PartnerDirect Healthythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp Show Comments ▼ KCS-content last_img read more

AIG chief exec reveals he has cancer to staff

first_img Show Comments ▼ whatsapp whatsapp ROBERT Benmosche the chief executive of US insurance giant American International Group (AIG) has revealed he has cancer and is currently undergoing “aggressive chemotherapy” to fight the disease.The 66-year-old said in a letter to employees on Monday that he began treatment last week and felt fine, although the long-term prognosis would be clearer over the next couple of months.Benmosche, who has said he plans to retire sometime in 2012, took over as chief executive in August last year, as AIG was struggling to sell assets to repay the US government after receiving a $182.3bn (£115.4bn) taxpayer-funded bailout during the crisis. He was the fourth person to take the top job at AIG in just over a year. Since then, he has led a surprising turnaround for AIG, bringing the insurer to a point where the government has an accelerated path out of its investment in the company. Tags: NULL Sharecenter_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 Tuesday 26 October 2010 8:25 pm AIG chief exec reveals he has cancer to staff KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.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 CenterGloriousaCouple Wins Lottery, 5 Years Later, Their House Had To Be DemolishedGloriousalast_img read more

Deutsche Bank posts third quarter loss

first_img Deutsche Bank posts third quarter loss Deutsche Bank posted a third-quarter loss, weighed down by an expected 2.3bn euro (£2bn) charge on Deutsche Postbank, and stuck with a cautious outlook for 2011.By 2011, Germany’s flagship lender aims to achieve 10bn euros pre-tax profit at group level.“While some of the environmental variables are in line with or ahead of our assumptions, others have not yet reached the expected levels, particularly with respect to the normalization of interest rates,” the bank said.Although Deutsche Bank had warned in September that it would post a quarterly loss due to weaker sales and trading activity in July and August, it said there had been a “strong rebound” in September.Revenues in corporate banking and securities – the cash cow of Deutsche Bank’s investment bank – eased to 4.2bn euros in the third quarter from 4.4bn in the year-earlier period.It still accounted for the lion’s share of the group’s overall revenues of 5bn euros. Without the Postbank charge, Deutsche Bank’s revenues were 7.3bn euros. Tags: NULL whatsapp Show Comments ▼ John Dunne center_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 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 FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Share whatsapp Wednesday 27 October 2010 2:59 am 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 Wraplast_img read more

Japan’s Resona in share issue

first_img KCS-content Japan’s Resona in share issue More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory whatsapp whatsappcenter_img Friday 5 November 2010 12:32 am Share Show Comments ▼ Resona Holdings plans to raise about $6.2bn in the Japanese bank’s first public stock offering since it was effectively nationalised in 2003. Resona, Japan’s fourth-largest bank, will issue about 500bn yen worth of new shares. Tags: NULLlast_img read more

Balfour bags new contracts

first_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.comUndoTaonga: 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 CenterUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndo Balfour bags new contracts KCS-content Show Comments ▼ whatsapp Sharecenter_img Thursday 11 November 2010 7:44 pm 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.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.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.com whatsapp Balfour Beatty, Britain’s market leader in big-ticket construction projects, increased its order book in the third quarter, underscoring its resilience in a tough environment for the building sector. The FTSE 250-listed company increased its order book to more than £15bn despite the looming public sector cuts to its core operations. Tags: NULLlast_img read more

GlaxoSmithKline looks towards China with £44.4m acquisition

first_img 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 Share Tuesday 7 December 2010 8:44 pm Tags: NULL whatsapp PHARMA’S expansion to the east took another step forwards yesterday with the news that GlaxoSmithKline (GSK) is to acquire Chinese company Nanjing MeiRui Pharma (MeiRui).GSK will spend $70m (£44.4m) on the acquisition, as it continues to invest in emerging markets.China is “one of the fastest growing and most significant of the emerging markets,” the company said.MeiRui holds a wide portfolio of products, specialising in treatments for urological disorders.High quality,trusted brands are extremely important in the far east, a spokesperson for GSK added.MeiRui’s shares will be acquired from Pagoda Pharmaceuticals (90 per cent) and Allergon AB (10 per cent).The deal is expected to be completed by the end of the year. Show Comments ▼ whatsapp GlaxoSmithKline looks towards China with £44.4m acquisition KCS-content last_img read more

EU to rewrite trading rules

first_img Share Show Comments ▼ KCS-content LONDON’S pre-eminence as Europe’s leading commodity marketplace is under threat as proposed EU regulatory changes home in on derivatives trading.A new consultation on the European Commission’s markets in financial instruments directive (MiFID) is pushing for greater regulation of trading platforms for shares, bonds and derivatives.In commodity markets, it would force traders in both exchange-traded and over-the-counter derivatives to reveal their positions and give regulators the power to cap these if deemed unsafe, or even ban trading in a particular product altogether.Europe’s move follows similar US proposals to curb price spikes in key commodities such as grain, cocoa and oil, which it blames on speculators. But as the most liquid market in Europe for many commodities, London stands to lose out most from the planned restrictions in trading.Michel Barnier, the EU commissioner in charge of the reforms, said yesterday that “if someone is doing something which affects the market then he or she must be held to account. Hyper-speculation is scandalous.”The wide-ranging MiFID reforms propose making all derivatives eligible for clearing – including commodities – trade on electronic platforms, forcing bank-to-bank trading out in the open.It would give EU regulators “complete powers to manage and control positions in commodity derivatives more rigorously” to “reduce systemic risk and combat disorderly trading,” according to the consultation.Industry figures reacted with dismay.“Complaints that speculation leads to market manipulation misunderstands what drives the commodity markets, which is fundamental demand and supply,” said Andrew Moorfield, head of oil and gas at Lloyds Banking Group.Rob McIvor, communications director at the Association of Financial Markets in Europe, described the proposals as “a blunderbuss approach”. “One person’s speculation is another’s investment strategy. This definition could pick up on perfectly legitimate trading,” he said.Syed Kamall, MEP for London, said that over-regulating European financial markets could cause investors to take their money elsewhere. “If these bans are necessary – and I’m not convinced – we need to make sure the decisions stay in London and out of Brussels,” he said.In a separate consultation yesterday, Brussels proposed toughening penalties across the EU for rule breaches in the financial services sector. whatsapp Tags: NULL 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.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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Wednesday 8 December 2010 9:31 pm EU to rewrite trading rules last_img read more

OECD: Spain needs reform

first_img OECD: Spain needs reform Show Comments ▼ KCS-content SPAIN is in urgent need of far-reaching labour market and tax reform, according to an economic survey released yesterday by the Organisation for Economic Cooperation and Development (OECD). The report also said that efforts to curb the country’s budget deficit – which it predicts will hit 11 per cent this year – and improve the economy’s competitiveness need to be “broadened and deepened”.In particular, the country needs far-reaching reform to address its 18 per cent unemployment rate – a rate higher than that of Ireland or Portugal: “Labour market reform is the cornerstone to rebalance the economy,” the report said.In order to do so, the OECD suggests reforming the tax system to shift more of the burden onto consumption and property and away from employment. It also emphasises the need to de-regulate so as to make hiring people less onerous, including measures to reduce severance pay and make it easier for companies and employees to opt out of collective sector agreements. In addition, the organisation said that water management and regulation requires urgent reform so that its cost reflects its scarcity.But sweeping reform could prove difficult: Spain’s government is already struggling to maintain order after introducing a raft of measures to address its deficit, including an increase in VAT, income tax and a five per cent cut in public sector wages.The country is still in a state of emergency imposed after a strike by air traffic controllers shut down the country earlier this month. 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 Proof Monday 20 December 2010 9:00 pm whatsapp Tags: NULL Share whatsapplast_img read more