Druckenmiller says he will finally retire after 30 years at the top

first_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp Wednesday 18 August 2010 8:14 pm Show Comments ▼ Stanley Druckenmiller, a key player in George Soros’ famous bet against the pound that earned him $1bn (£640m), said he is closing his firm after 30 years.In a letter sent to his 100-plus investors, Druckenmiller, chief executive officer of Duquesne Capital Management, said “competing in the markets over such a long timeframe imposes heavy personal costs.”His Duquesne Capital Management, which has never had a losing year, is down five per cent in 2010. Tags: NULL Druckenmiller says he will finally retire after 30 years at the top center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldCrowdy 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.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Share KCS-content last_img read more

BETFAIR IN THREAT TO QUIT THE UK

first_img BETFAIR may quit the UK over a proposed tax increase and government inaction over offshore gambling websites, it emerged over the weekend.City A.M. understands the online bookmaker, which only last week confirmed it would go ahead with a planned £1.5bn flotation on the stock market, has drawn up a contingency plan that could see it copy rival William Hill in moving its operations to Gibraltar. The bookmaker could save millions in tax by moving offshore as it would not be subject to the horseracing levy – a 10 per cent tax that all but the smallest bookmakers in the country have to pay on profits from betting on horse racing.Betfair feels it is being unfairly targeted by the British Horseracing Authority (BHA) in a longstanding row over the levy. The BHA argues professional bookies, who should be subject to the levy, use online exchanges like Betfair to conduct their business and avoid paying the tax, a charge the bookmaker has always refuted. However, funds raised by the levy have fallen from £115m to £75m in three years.Last year Betfair paid £6.1m in levy payments, plus another £1.25m voluntary payment in respect of its overseas customers betting on UK horse racing. While the company said it had no immediate plans to quit the country, a source said that it had made a contingency plan should it consider itself disadvantaged by the government’s failure to regulate offshore gambling websites and the BHA’s plan to raise the levy. A spokesman for the company said: “No decision has been made but like every company Betfair puts in place contigency plans for the risks facing it business.” Rival bookmaker William Hill moved its online and telephone betting business to Gibraltar in June where gross profit tax (GPT) is only three per cent compared to 15 per cent in the UK and where it is not subject to the horseracing levy. In March, the Department for Culture Media and Sport (DCMS) launched a consultation into the regulation of offshore gambling websites and betting exchanges. These have exploded since a 2005 act created the Gambling Commission to regulate betting in the UK. A source close to the situation said Betfair had heard nothing from DCMS in recent months on offshore betting regulation, despite the consultation ending in June, adding it was “the idea of the previous government.”Meanwhile the company’s listing prospectus says Betfair’s new Dublin office – which will house around 100 staff – will “provide the Betfair Group with additional flexibility as the regulatory environment evolves”, a phrase considered to be a warning to the government to take action. BETFAIR IN THREAT TO QUIT THE UK Show Comments ▼ whatsapp whatsapp KCS-content Tags: NULL Monday 11 October 2010 12:08 am More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Sharelast_img read more

Santander: UK is competitive

first_img Show Comments ▼ whatsapp More From Our Partners Astounding 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com KCS-content SANTANDER’S UK chief executive António Horta-Osório yesterday defended the competitive nature of Britain’s retail banking market, even as his peers warned that regulation may lead to a wave of consolidation in the market.Horta-Osório told the CBI conference that UK retail banking is currently “highly competitive and presents low barriers to entry”, positioning himself at odds with the government, which has appointed the Independent Commission on Banking to investigate how to inject more competition into the market, among other issues.Santander’s UK chief, who has overseen his bank’s acquisition of Abbey, Alliance & Leicester and Bradford & Bingley since the dark days of the crisis, said the success of those deals was testament to the competitive nature of the market.He said UK retail banking is more open than the market in other countries due to customers’ prevalent use of internet banking facilities, Britain’s large army of independent financial advisers and the fact that customer loans and services turn over much more quickly in the UK than the rest of Europe, meaning that new business is more important to banks.Horta-Osório added that the SME lending market has also become more competitive since the financial crisis, as companies increasingly look to build relationships with more than one banking group in order to mitigate risk. Monday 25 October 2010 7:38 pmcenter_img whatsapp Santander: UK is competitive Share 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 ScottsdaleMoneyPailSerendipity 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 HeraldDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryZen 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.com Tags: NULLlast_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_imgMonday 25 October 2010 8:34 pm WHAT THE OTHER PAPERS SAY THIS MORNING Tags: NULL Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org FIANACIAL TIMESDEBT MARKETS TAKE UNUSUAL TURNThe abnormal state of credit markets came into focus yesterday as the US Treasury sold bonds with negative interest rates for the first time and Goldman Sachs prepared to sell its first 50-year debt deal. Both sales highlighted the difficult choices facing investors at a time when interest rates are low and the Federal Reserve is moving towards another round of asset purchaes aimed at stimulating the economy and avoiding deflation.ENGLISH BUBBLY HAS CAUSE FOR CELEBRATIONEngland’s vineyards are producing record harvests this year as sparkling wine is set to account for more than half of the country’s total production for the first time. In spite of a wet August, the biggest winemakers say their harvests of champagne-variety grapes are bigger than ever, and total production of British bubbly is increasing as more smaller producers are rushing to enter the industry. COTTON’S MIDDLEMEN PINCHED BY HISTORICALLY HIGH PRICECotton’s continued rise to historic highs is hurting the middlemen that buy the fibre from farmers and export it to textile mills. In the past two days cotton has gained 7.8 per cent to a record $1.2471 a pound on New York’s ICE Futures US exchange. BERKSHIRE APPOINTMENT PAVES WAY FOR SUCCESSIONBerkshire Hathaway took a major step yesterday in its planning for the eventual departure of Warren Buffett, appointing a 39-year-old fund executive as a new investment manager. In its first public appointment related to the succession issue, Berkshire said Todd Combs, who has managed Castle Point Capital for the past five years, will start at Berkshire shortly.THE TIMESRARE ART MARKET IS A PICTURE OF HEALTHShares and property prices may rise and fall but a Picasso will always be a Picasso — and in uncertain times this is proving a boon for auctioneers.Two thirds of art surveyors report that more people have been going to auctions in the past three months, according to the Arts & Antiques Market Survey by the Royal Institution of Chartered Surveyors. SECRET MEMO PUTS LABOUR ON BACK FOOT OVER ECONOMYLabour has admitted that its economic policy lacks substance and detail, according to a strategy paper seen by The Times. The memo, written before Osborne’s spending review, shows that Ed Miliband was warned that the coalition’s cuts to public spending may not be much deeper than those proposed by Alistair Darling.The Daily TelegraphBT TO DOUBLE APPRENTICESHIPS TO HELP WITH BROADBAND ROLLOUTBT is to double the number of apprenticeships it hires this autumn to help train young people to deliver fibre optic broadband, is has been announced. The telecoms giant was swamped with a total of 24,000 candidates applying for just 221 places on its apprenticeship scheme this year, compared with 9,000 applications in 2009. GERMAN BOOM CREATES ECB POLICY NIGHTMARE AS SOUTH LAGSBlistering growth in Germany is aggravating the growing gap between the eurozone’s North and South and may force the European Central Bank to tighten monetary policy long before the high-debt states are ready, Standard & Poor’s has warned. S&P said Germany was able to lever recovery off the emerging market boom.WALL STREET JOURNALSPANISH BANKS MANOEUVRE TO SHORE UP RESULTS Spain’s banks are selling valuable branches and seeking government help to find renters for foreclosed homes as they try to prop up their bottom lines amid continuing trauma in their deteriorating loan portfolios and other problems. With profit margins tumbling, Spanish banks of all sizes are taking such steps as they feel a squeeze from high funding costs and other ills. LUXOTTICA SOARS ON US GROWTH Luxottica said yesterday its net profit in the third quarter rose 35 per cent on remarkably strong sales of luxury eyewear in Europe and a double-digit jump in US revenue from its Sunglass Hut chain. Net profit at the world’s largest eyewear maker was €101.9m (£90.4m), up from €75.8m in the third quarter of 2009. Share whatsapp KCS-content whatsapplast_img read more

JJB hit with FSA fine

first_img whatsapp JJB hit with FSA fine John Dunne Share Tags: NULL 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 whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoverySerendipity 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 Herald Sportswear retailer JJB Sports has been fined £455,000 by the Financial Services Authority.JJB said the fine follows the end of an FSA probe into the company’s compliance with the regulator’s disclosure and transparency rules in the lead up to its interim results in September 2008.The 250-store JJB, which teetered on the brink of insolvency in 2009, said it would have to pay the financial penalty at some point in 2011.JJB said it would comment further on the matter after the FSA completes the required regulatory processes and that no further investigations into the company by the FSA were ongoing.Sports Direct and JJB were earlier this month cleared by a fraud probe, although they said investigations into unidentified individuals by the Serious Fraud Office continue. Show Comments ▼ Friday 29 October 2010 8:20 amlast_img read more

ANALYST VIEWS: JUST HOW GOOD ARE BT’S LATEST RESULTS?

first_img ANALYST VIEWS: JUST HOW GOOD ARE BT’S LATEST RESULTS? Thursday 11 November 2010 8:30 pm KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution 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 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img Show Comments ▼ Share Tags: NULL WILL DRAPER | EXECUTION NOBLEAlthough this is a brighter set of results from BT, with figures ahead on most measures and full-year guidance raised, much of the increased guidance had been anticipated. The interim dividend of 2.4p was the one area of disappointment, four per cent lower than our estimate. SIMON WEEDEN | CITIBT is comfortably meeting its pension and dividend commitments while reducing debt at an accelerating rate. With the pension scheme also improving the company is probably waiting for a positive response from the credit rating agencies to its progress before stepping up its payout.CARL MURDOCK-SMITH | JP MORGANOpenreach was the key outperformer. Equity free cash flow was also strong at £535m, 11 per cent above consensus. Its dividend, up four per cent to 2.4p, may look light but we would look for more at the full-year stage. Revenues were one per cent above consensus. last_img read more

IRISH BOW OUT OF POWERSCOURT BASH AS DUBLIN FENDS OFF EU AID

first_img IRISH BOW OUT OF POWERSCOURT BASH AS DUBLIN FENDS OFF EU AID 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 TimesBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Tuesday 16 November 2010 8:59 pm CITY comunications advisory Powerscourt last night held its annual bash in Paramount, the 31st-floor bar of Centrepoint, but there were a few old favourites missing from the crowd.CEO Rory Godson, originally from Ireland, said he could only pass on his apologies from his Irish chums: “Our friends in Dublin have stayed at home to prepare for the German invasion,” he said, as Irish Prime Minister Brian Cowen tries to fend off an EU bailout. But Godson added that the past experience of his English friends had at least assured the Irish that there was little to worry about on that front.The party went on anyway, quieter than usual in the absence of its regular attendees. Usual suspects include former Bank of Ireland governor Richard Burrows, U2 manager Paul McGuinness (whose band has been criticised over its tax status) and former Irish European Commissioner Charlie McCreevy.They had apparently decided that they had more appropriate things to do than partying as Rome burns.SLEEPING OUT400 City workers and celebrities had a cold night on the tarmac in Old Spitalfields Market last week as they participated in the sixth annual Centrepoint sleep-out, a fundraiser for homeless charity Centrepoint, which helps around 70,000 homeless people a year. And the gaggle of celebrities, including singers from The Feeling and TV producer Alex Reid was joined by some business interests, as Metro Bank chairman Anthony Thompson cuddled up alongside a host of his employees to stay warm. Making their beds alongside Thompson and his colleagues were also City workers from Deloitte, BSkyB, Herbert Smith, Forsters, IFDS, King Sturge and Latham & Watkins. Whoever said Christmas is all about bonuses?ONE NIGHT ONLYThe merry fellows of Land Securities finally celebrated the opening of the One New Change mall’s roof terrace last night, with mulled wine and chestnuts aplenty. With smoking allowed on the roof for this one night only before it opens to Joe Public, they at least had something to do with their hands as they watched a chilly Alisha Dixon – braving the cold in a red strapless number – performing against the dramatic backdrop of St Paul’s.She was in high spirits despite the weather, dedicating The Boy Does Nothing “to all the men in suits”, which suited just about everyone present. Alas, Tara Palmer-Tomkinson was apparently forced to bow out for some vital royal wedding-related duties and, as the events staff hastily shepherded the chestnut roaster out of close proximity to the building’s fire alarms, the ladies and gents of Land Securities were left to drink – and smoke – the night away.LSE GIVINGThe London Stock Exchange has announced the launch of a foundation to bring together all of its charitable activities under one umbrella. It will focus its funding on children and young people, healthcare and arts and culture, with its first investment already supporting a housing project in Sri Lanka for displaced families in partnership with Habitat for Humanity. And LSE employees will be able to donate through their payroll, a group matching scheme and by helping with fundraising events. After all, it never hurts to have yet another avenue for City philanthropy. ALL YE FAITHFULWith a bonus crackdown in the works, 2010 could prove to be the year of the “significant other” (SO), as events companies report a rise in the number of firms inviting staff to bring their other halves to the Christmas party. Venturi’s Table Corporate Cookery Centre has seen a jump of 35 per cent, with more than half of its festive bookings now including an open invitation to spouses. London-based Elysium Global Events, meanwhile, has seen one in six events this year including SOs versus just one in 13 last year. Venturi’s MD Anna Venturi reports: “The atmosphere is definitely different when other halves are involved. They tend to be more civilised affairs, with people spending more time talking and less time drinking.” Well, quite! There’s nothing like the watchful eye of the boss’ spouse to keep the office culture at its more, ahem, well-behaved end.ROYAL FLUTTERAs news stations rolled out coverage from Nairobi to Angelsey and “Kate Middleton bikini” moved up the Google rankings, one dedicated industry was busy crunching numbers for the royal wedding. Top of Paddy Power’s “wedding wagers” list? The date – favourite currently being 13 August 2011.Other factoids available for a flutter include who will design Kate Middleton’s dress (Amanda Wakeley is favourite at 4/1), how long her train will be (most reckon less than two metres, at 2/1), the colour of the queen’s hat (pink at 9/2) and how many people will tune in to watch the palaver (less than 26m at 9/2).Punters on Boylesports, meanwhile, can bet on the honeymoon and stag party locations and as the odds move around going into the new year, The Capitalist is just waiting to see which spread-betting provider cracks out the royal wedding charts for some serious technical analysis. whatsapp Tags: NULL whatsapp KCS-content Show Comments ▼ Sharelast_img read more

Pru loses trio of top execs

first_img KCS-content Pru loses trio of top execs Share whatsapp A TRIO of senior executives at Prudential have resigned, it emerged yesterday, potentially unsettling the company as it tries to rebuild investor confidence. Thibaut Le Maire, chief risk officer at the financial services group, is thought to have resigned to take a senior role at HSBC after less than two years at the firm. HSBC declined to comment. The Pru’s communication director Stephen Whitehead announced his resignation yesterday, after just over three years at the group. A source close to the company said Whitehead informed chief executive Tidjane Thiam of his plan to quit several months ago, and will work until the end of the year.Whitehead said yesterday: “I have enjoyed my time at Prudential enormously. It has been a privilege to have been part of the leadership team that guided Prudential through the global financial crisis and ensured that we emerged as one of the few winners and a clear leader. “I felt that it is time for a change and I look forward to the next challenge.”Prudential recently announced internally that Priscilla Vacassin, group human resources director, has also resigned. She will continue to work until a replacement can be found. Vacassin has worked at Prudential since 2005, and has previously worked in HR roles at Abbey National and BAA. It is not clear where she will work next.Prudential has not yet found replacements for the three executives, who are not part of Prudential’s board of directors. The senior staff are not thought to have co-ordinated their departures, but the news comes less than a month after Prudential’s US chief and board member Clark Manning quit. A Pru spokesperson said the firm never comments on non-board members’ movements. Prudential provoked ire from shareholders in June after it abandoned its $35.5bn (£22.6bn) bid for AIA, the Asian life insurance arm of bailout-out US firm AIG, racking up a £400m bill for advisory and break fees. whatsapp Tags: NULLcenter_img 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAdventure CrunchHere Are the Most Famous Pro Wrestlers From the Past TodayAdventure CrunchFinance BLVDThis Star from ‘Gilligan’s Island’ is 101 & lives a humble life nowFinance BLVDArticles StoneLittle Boy Brings $2 Painting To Antiques Road Show, Not Realizing Its WorthArticles Stonethedelite.comNetflix Cancellations And Renewals: 2021 Updatethedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center Show Comments ▼ Tuesday 23 November 2010 9:05 pmlast_img read more

GOOD TIMES FOR EQUITIES MAY NOT LAST

first_img KCS-content 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.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Share 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 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 AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com whatsapp GOOD TIMES FOR EQUITIES MAY NOT LAST center_img Show Comments ▼ Monday 20 December 2010 8:21 pm Tags: NULL CFD MARKET STRATEGIST, GFTDESPITE a couple of nasty dips earlier this year, 2010 is ending on a high note for equity investors. Worries over the European debt crisis, concerns about stubbornly high US unemployment and a crippled housing market, and growing fears of inflation in emerging markets have failed to inflict serious damage to the upward trend. As we head into the home straight, the bulls continue to trample on the bears, and most investment houses are calling for further gains in 2011.But just how good has 2010 been for equities? In a crude overview of the past twelve months, the US came out top. The Nasdaq is up 18 per cent, while the Dow and S&P have both risen around 10 per cent. The tech-heavy Nasdaq outperformed as corporations preferred to invest in IT upgrades rather than take on new staff. The German Dax 30 also did well, rising 16 per cent thanks to its strong manufacturing base and high productivity. The UK’s FTSE 100 tacked on a respectable 7 per cent, benefiting from the heavy weighting of multinationals within the index – and it would have done better were it not for BP’s disastrous performance. But other European indices fared less well. The French CAC 40 looks likely to end the year down. The Italian MIB has fallen 14 per cent and Spain’s Ibex is off 18 per cent. Investors remain concerned about the unresolved debt issues in the euro zone. Surprisingly, given how bullish many brokers have been on the region, the major Asian-Pacific indices failed to shine this year. The Hang Seng is flat; the Japanese Nikkei is down 3 per cent while China’s Shanghai Composite has fallen 11 per cent. For China and other developing economies, the US Fed’s stimulus has added fuel to their overheating markets. A pick-up in inflation has led to fears that the Chinese authorities will soon tighten rates sharply. With GDP in developed economies still pointing to a pathetically weak recovery, investors may be relying too much on China. If so, then investors in the US, UK and Europe’s core could be overestimating the upside for equities in 2011. last_img read more

Analysts say Glencore could be worth $60bn

first_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Analysts say Glencore could be worth $60bn Show Comments ▼ whatsapp Tags: NULL whatsapp Share GLENCORE, the world’s biggest commodities trader, has enjoyed a surge in value and is now worth some $60bn (£38bn) as it contemplates an initial public offering (IPO), according to leading team of mining analysts.That value placed on it by Liberum Capital would place it among the 15 biggest FTSE-listed companies if it were to secure a London listing. Barclays, ranked 15th in the FTSE 100, has a market capitalisation of about £36.3bn. Glencore’s estimated value has leapt about 22 per cent since July, when it was worth $49bn, according to Liberum Capital analysts led by Michael Rawlinson. Rawlinson is a former banker at Cazenove and JPMorgan Cazenove who worked on the IPOs of BHP Billiton, Xstrata, Vedanta, Anglo American and Kazakhmys.The company’s worth has been boosted by a surge in the value of its 34 per cent stake in Xstrata and other listed holdings. Shares in the London-listed miner have gained more than a third in the last six months.The “sum of the parts” valuation suggests over a third of Glencore’s value derives from its vaunted trading operation. KCS-content Wednesday 26 January 2011 9:07 pmlast_img read more