Partner profits lifted at Baker & McKenzie

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirrorautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastWork from Home | Search AdDo You Speak English? Work a USA job from home in United StatesWork from Home | Search AdNational Penny For Seniors7 Rebates Seniors Only Get If They AskNational Penny For SeniorsJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo! JustPerfact USAHero WarsBig Boss of internet games!Hero Wars whatsapp whatsapp Baker & McKenzie said yesterday profits per equity partner at the firm jumped by 13 per cent to $1.13m for fiscal year 2010 – even as gross revenue at the 3,750-lawyer firm was essentially flat, falling 0.4 per cent to $2.104bn. While Baker’s profits reversed course from last year’s 17 per cent drop, 2010 marks the second straight year of declining revenue for the firm. Baker was able to increase profits thanks to several cost-cutting measures including reducing capacity levels and delaying some capital expenditures. Emerging markets, specifically in Asia and Latin America, were key areas of opportunity for Baker in fiscal year 2010. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Sharecenter_img Partner profits lifted at Baker & McKenzie Show Comments ▼ KCS-content Thursday 12 August 2010 7:41 pm Tags: NULLlast_img read more

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Chinese bid to block BHP Billiton tie-up

first_imgSunday 5 September 2010 9:58 pm CHINESE officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton’s $39bn (£25.3bn) bid for Potash.In response to the directive, sources say Sinochem is holding meetings with several banks, including Citigroup, HSBC and Morgan Stanley.The order from Beijing underscores the seriousness with which China is taking the potential BHP-Potash tie up and its implications for the pricing and supply of the crop nutrient, despite obstacles to launching a successful counter-bid.A Wall Street Journal report last week said Sinochem had hired HSBC to advise on options pertaining to Potash.One option being discussed is the possibility of Sinochem linking with China’s $300bn sovereign wealth fund CIC, according to a second banking source familiar with the matter.The most likely scenario is that China will consider buying a blocking stake, rather than attempt a complete takeover of Potash.Assuming a consortium pays a 20 per cent premium to Potash’s market price, a 15 per cent stake would cost about $8.3bn.Sinochem and the banks declined to comment. CIC could not immediately be reached.BHP chief executive Marius Kloppers has poured cold water on the possibility of a rival bid but another source close to the situation in Europe said the latest developments are evidence of solid interest in Potash by third parties.Chinese firms have also approached at least one big Canadian pension manager about a rival bid. Potash shares in New York closed down five cents on Friday at $148.50, while BHP’s London shares ended the day up 1.8 per cent. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitioninvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comFolliboost Haircare SerumThinning Hair? Use this For 1 Month and See What HappensFolliboost Haircare SerumFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm Oracle 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 KCS-content center_img whatsapp Tags: NULL whatsapp Chinese bid to block BHP Billiton tie-up Sharelast_img read more

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British Airways plans to boost its London City Airport service

first_img whatsapp 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.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adsautooverload.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 Tags: NULL British Airways is planning to boost its investment at London City Airport with the launch of new transatlantic services.The Flag-carrier introduced a 32-seat all-business service from the docklands airport to New York’s JFK just over a year ago. But yesterday chief executive Willie Walsh said: “This route has exceeded our expectations. We are now looking at adding capacity – or adding new cities like Boston and Washington.” Walsh, who was speaking in Mumbai after the launch of the improved 777-300ER long-haul service to the Indian commercial capital, would not be drawn on when the increased service would start. However, sources close to BA said ordering the specially modified Airbus A318 planes would mean the plans could not be put into place before the end of next year. whatsapp KCS-content center_img Share Show Comments ▼ Monday 6 September 2010 8:32 pm British Airways plans to boost its London City Airport service 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 Prooflast_img read more

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KPMG looks to hand over Connaught jobs

first_imgWednesday 8 September 2010 8:18 pm Tags: NULL KPMG looks to hand over Connaught jobs KCS-content Share More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org HOUSING repair firm Connaught formally appointed KPMG as its administrator yesterday, as rival property companies looked to take over the collapsed firm’s contracts. KPMG will keep the firm’s property maintenance arm trading until it has farmed out its contracts to other providers. Around 4,400 people face redundancy. Richard Heis, joint administrator, said the group had also received numerous expressions of interest for Connaught’s surviving operations. The smaller compliance and environmental divisions, which employ 3,500 people, are unaffected by the administration proceedings. Rival firm Mears said before the collapse it was keen to take on Connaught’s outstanding contracts. “We are watching the situation carefully and we are obviously in a position to pick up any work others are not able to complete,” chairman Bob Holt told journalists.“We have spoken to Connaught advisers. We have spoken to a number of people in the sector about it”. Shareholders are expected to be wiped out in the administration proceedings. However, reports yesterday said fund manager Tim Steer at Artemis made a handsome profit after beginning to short Connaught stock last year. The firm’s shares lost more than 90 per cent of their value after June’s profit warning.KPMG said it will decide on job cuts as soon as possible. RICHARD HEISRESTRUCTURING PARTNER, KPMGRICHARD Heis has plenty of experience in the most recent recession; he worked with Landsbanki Securities when its Icelandic parent went under in 2008, sending shockwaves through the world’s credit markets that can be felt today. He joined KPMG in 1983 (in the teeth of another global recession), and became a partner in 1997. During his time at KPMG he managed the Trocadero shopping centre in London for two years, and worked on formal insolvencies at Japan Leasing, Barings Bank, Dunfermline Building Society and the New Millenium Experience Company, which was the former owner of the Millenium Dome. Joining him from KPMG are head of middle market Richard Hill and head of personal insolvency Richard Fleming. Mark Firmin, Brian Green and David Costley-Wood are also involved with Connaught’s property subsidiary.Firmin was appointed head of restructuring in the North of England 2009, and has worked on the insolvency of catalogue retailer Empire Direct. Green has acted as administrator for Kwik Save and shoe shop Dolcis, while Costley-Wood has worked on First City Insurance and JJB Sports in recent years. Denton Wilde Sapte is providing legal advice on the administration, with Graham Paine and Nigel Barnett as lead partners. The law firm was advising Connaught’s lenders including RBS before the collapse. center_img whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo Show Comments ▼ last_img read more

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City fears new listing rules

first_img Share City fears new listing rules 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.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 GOVERNMENT proposals to place the UK Listing Authority (UKLA) under the control of the Financial Reporting Council (FRC) rather than the Consumer Protection and Markets Authority (CMPA) are causing concern in the City, with some warning that the new system will make London less competitive.The London Stock Exchange (LSE) is believed to be lobbying for a change to the proposals, published at the end of July as part of the Treasury’s consultation for a new regulatory structure for the City. The LSE has already published a briefing note, seen by City A.M., which makes the case for the UKLA to be part of the CPMA. Among the concerns outlined is a fear that the FRC will be unable to influence the newly created European Securities and Markets Authority (ESMA). Each European member state is allocated a single seat on the regulatory body, which will have responsibility for regulating listed markets across the EU. There are also fears that putting the UKLA into the FRC will create conflicting rules for primary and secondary markets.One City insider suggested the proposals would lead to a more complex regulatory structure than the existing one potentially damaging London’s competitiveness as a financial capital. James Palmer, head of global corporate markets at Herbert Smith, said the proposals were creating widespread concern. “While we see some areas of connection between the FRC and UKLA, the overwhelmingly stronger connections are between the UKLA and its role as primary market regulator and the CPMA,” he said. whatsapp whatsappcenter_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA 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.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼ Sunday 12 September 2010 11:19 pm Tags: NULLlast_img read more

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National Grid dividend up as profits soar

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 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 Wrap KCS-content National Grid dividend up as profits soar whatsapp NATIONAL Grid saw six-month pre-tax profit surge 45 per cent to £938m, with operating profit growing in every part of the business.The good performance is in part weather-related, with a warm summer in the US leading to high use of air conditioners on the east coast where National Grid’s interests are.Six-month earnings per share (EPS) have increased five per cent to 20.3p with the £2.3bn rights issue completed in June. As a result of the earnings growth, National Grid increased its interim dividend by eight per cent to 12.9p a share. The firm, which owns and operates electricity and gas networks in both the UK?and US, said that profits were flattered somewhat by earnings from previous periods being carried over into the current results, with this effect accounting for about £200m of pre-tax profit. Chief executive Steve Holliday told City A.M. that the firm is also on track with its £3.7bn investment programme, with most money being spent in the UK. It is planning for a seven per cent overall growth in its assets over the next five years, with electricity transmission expected to see 13 per cent growth. Holliday said: “We are renewing assets that are old and connecting new generators – lots of them wind and nuclear. And we have to reinforce the system so that the power can flow from where they’re located to where you and I live.” National Grid’s investment programme has been particularly affected by Britain’s increasing reliance on imported gas, meaning that energy has to be transported from different points of entry than used to be the case. As a result, it is expanding its facility on the Isle of Grain off the coast of Kent by a third, which will make it big enough to supply 20 per cent of the UK’s gas demand. whatsapp Tags: NULL Show Comments ▼ Share Thursday 18 November 2010 7:57 pm last_img read more

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Qatar attacks Boeing over Dreamliner

first_img Tags: NULL Thursday 25 November 2010 7:33 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndo whatsapp QATAR Airways has threatened to hand extra business to European aircraft giant Airbus after attacking Boeing over problems with its new 787 Dreamliner.Chief executive Akbar Al Baker said the airline was considering increasing its order for five Airbus A380 super-jumbo planes and might order a re-engined version of the A320 single-aisle jetliner. He did not say how many more A380s it might order.Qatar has expanded its fleet from four to 94 aircraft in 13 years and has orders for 200 more from Airbus and its US rival Boeing worth $40bn, including 30 Dreamliners.Al Baker said Boeing had “failed” in developing its 787 Dreamliner, which is expected to suffer further delays following a fire on a test flight.Boeing’s development of the carbon-composite 787 is running around three years late and brokers expect a further delay as it addresses the cause of a fire which led to the test flight being grounded two weeks ago.Al Baker said Qatar had been notified of some delays to 787 deliveries but declined to say whether this was before or after the test flight incident.“I was really taken aback by the [787] programme. I never expected a programme could be delayed so much with a company like Boeing, which has pride in its quality. They have very clearly failed,” he said.Boeing declined to comment on Al Baker’s comments, but said it had determined the cause of the fire and was making changes to the jet. It expects to say more about 787 deliveries in the next few weeks. The first 787 had been due for delivery in 2008 to launch customer All Nippon Airways. Qatar has not chosen engines for the 500-seat plane and the blowout of a Rolls-Royce Trent 900 engine on a Qantas A380 would not affect it, he said. 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 Sharecenter_img KCS-content Show Comments ▼ Qatar attacks Boeing over Dreamliner whatsapplast_img read more

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Republic’s banks face fresh woes

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Tags: NULL whatsapp Republic’s banks face fresh woes 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 Sharecenter_img whatsapp THE cost of recapitalising Irish banks could be even higher than the €22-27bn estimated.The potential cost of large-scale defaults in residential mortgages, currently not included in the Nama “bad bank” programme, has not been factored into recapitalisation figures by credit analysts.If Nama is forced to accept distressed residential loans for the first time it would cause a spike in contingent liabilities for the state.Meanwhile, Ireland may create a second “bad bank” by merging the remaining operations of Anglo Irish Bank and building society Irish Nationwide, and using that entity to take bad loans from other banks. Show Comments ▼ KCS-content Thursday 25 November 2010 8:07 pmlast_img read more

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Greek woes hurt Remy Cointreau

first_img whatsapp Tags: NULL KCS-content Show Comments ▼ Greek woes hurt Remy Cointreau Tuesday 30 November 2010 8:09 pm FRENCH drinks group Remy Cointreau took a blow from the Greek economic crisis yesterday, writing €45m (£37.7m) off the value of its Metaxa brand as sales of the Greek brandy declined in its home market.The Greek writedown wiped two thirds off Remy’s group net profit, which slumped to €14.1m (£11.83m) in the six months through September.Remy said there had been a “highly unfavourable impact” on operating profitability in liqueur and spirits from a decline in Metaxa sales in Greece, though it gave no numbers.However Remy chief Jean-Marie Laborde said he was confident on the second half of the group’s current year through March, partly due to a fresh round of price increases.“We’re completely confident on the second half,” Laborde said, adding the group’s loss-making champagne unit – which is anyway being sold – would be at the very least break-even at the operating level for the year.Remy Cointreau is selling its champagne operations, which include the Charles Heidsieck and Piper-Heidsieck brands, to focus more on cognac, which is a popular drink in China. The group should receive indicative offers for the champagne unit by the end of December and finalise a deal in March, Laborde said. center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla 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 PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Share whatsapplast_img read more

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Carphone in exclusive deal with Google

first_img Carphone in exclusive deal with Google CARPHONE Warehouse yesterday confirmed it will exclusively stock the new Google-phone, as revealed in City A.M. in October (see right).Industry sources say Google is experimenting with its distribution model after releasing the previous Nexus model through a deal with carrier Vodafone in the UK. Google’s initial distribution model, which sold the handset exclusively through its website, was heavily criticised by users who had nowhere to direct questions. Google found its website swamped with complaints and was eventually forced to stock the phone in carriers’ stores to overcome the problem.Carphone Warehouse chief operating officer Andrew Harrison said: “I’m absolutely delighted that the Carphone Warehouse is working with Google to offer such a strong product exclusively to our customers.”The Nexus S – the first phone to run on the latest version of Google’s Android platform – will feature a contoured screen that the firm says will fit the shape of a user’s face, as well as limiting glare.It will also come with Near Field Communication (NFC) technology, which allows the phone to read information from “smart” objects by touching the handset to anything embedded with a special microchip.The phone, manufactured by Samsung, will be available free with a contract. The Nexus One, built by HTC, failed to make a splash when it was released earlier this year, but Google’s Android software is now growing faster than phones powered by Apple or RIM.Separately, Google yesterday launched its first eBookstore in the US, in a direct attempt to challenge Amazon and Apple’s dominance of the e-books market. It said its store included all of the current New York Times bestseller list, and offered 3m books for free. The store is expected in Europe next year.ANALYSIS BYBEN WOODCCS INSIGHTThe Nexus S is positioned as a “pure Google smartphone”. It has similar specifications to the tablet Galaxy S, but runs Android 2.3 (Gingerbread). The deal with Carphone Warehouse underlines the importance of independent distributors beyond operators to Google. Despite the initial failure of the Nexus One, Google’s intent clearly remains unchanged. However, it seems like an opportunist move by Samsung, with only short-term gain potential, as more Android 2.3 devices are expected in January. Share Show Comments ▼ Tags: NULL whatsapp KCS-content Monday 6 December 2010 9:14 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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp last_img read more

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