Unions set Tube strike dates

first_img Tags: NULL Unions set Tube strike dates whatsapp More From Our Partners Police 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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Sharecenter_img KCS-content whatsapp Wednesday 25 August 2010 9:06 pm Transport unions RMT and the Transport Salaried Staffs’ Association (TSSA) yesterday confirmed dates for a series of 24-hour strikes to be launched by 10,000 London Underground staff in what will bring severe disruption to London’s commuters. The unions said the first staff walk out will start at 5pm on 6 September, with similar action planned for 3 October, 2 November and 28 November. The dispute between the unions and London Underground is over plans to axe up to 800 jobs. London Underground urged union leaders Bob Crow and Gerry Doherty to call off the strike, which is expected to cost the city up to £48m a day. RMT said yesterday that London Underground has failed to answer requests to meet with Acas, the conciliation service provider. Show Comments ▼last_img read more

Kesa in sales lift thanks to World Cup TV boost

first_img whatsapp whatsapp Thursday 16 September 2010 8:34 pm Tags: NULL Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Kesa in sales lift thanks to World Cup TV boost KCS-content Share ELECTRICALS retailer Kesa beat forecasts for first-quarter sales, with trade boosted by robust demand for televisions in the run-up to the World Cup and more sales over the internet.“After a positive first quarter we still anticipate that our markets will remain challenging for the remainder of this financial year,” the firm said yesterday.Kesa, which runs market leader Darty in France and Comet in the UK, said sales at stores open over a year rose 4.3 per cent in the three months to 31 July. That compares with analysts’ consensus forecast of growth of two per cent, according to a company poll.Like-for-like sales at Darty France increased 5.1 per cent and were up 4.3 per cent at Comet. Shares in Kesa have risen by nearly a quarter over the last three months. last_img read more

FTSE led lower as Smiths Group and banks fall despite gains by Unilever

first_img Share whatsapp KCS-content whatsapp Monday 27 September 2010 8:22 pm THE FTSE 100 closed down 25.06 points, or 0.5 per cent, at 5,573.42, after gaining 1.6 per cent last week, with Smiths Group out of favour while Unilever rose after a US acquisition.Broker recommendation and target price changes were behind some of the individual equity moves. Smiths shed 1.6 per cent after Bank of America Merrill Lynch cut its rating for the engineering group to “neutral” from “buy” in a review of the UK Capital Goods sector.The broker said it downgraded Smiths due to the stock’s re-rating and high US but low emerging market sales exposure, while leaving its target price unchanged at 1,350p.Software firm Sage Group, meanwhile, topped the blue-chip leader board, while peer Autonomy was another good gainer after Barclays Capital initiated coverage on the European Software/IT services sector with a 1-Positive view.Sage, which BarCap started as “equal-weight,” and Autonomy, which the broker initiated as “overweight” and counts among its top picks, advanced 3.1 per cent and 1.6 pe rcent respectively.A price target hike from Goldman Sachs helped miner Kazakhmys climb 1.5 per cent.Unilever climbed 1.3 per cent after the consumer goods group agreed to buy United States-based hair care group Alberto Culver for $3.7bn in cash to boost its personal care business.On the downside, Wolseley, the world’s biggest plumbing, heating and building materials company, lost 0.7 per cent after it posted flat year profit. It plans to move its tax status to Switzerland in search of tax savings. Banks were also weaker, down 0.8 per cent. center_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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof FTSE led lower as Smiths Group and banks fall despite gains by Unilever Show Comments ▼ 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 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.com Tags: NULLlast_img read more

Gymboree hires Goldman Sachs to consider float

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.com Show Comments ▼ Share Tags: NULL KCS-content Tuesday 5 October 2010 7:35 pmcenter_img 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 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.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Children’s apparel retailer Gymboree is understood to have hired Wall Street investment bank Goldman Sachs to begin a formal auction of the company, which could fetch more than $1bn (£628m).Sources close to the deal, who declined to be identified by name because they were not authorised to speak with the media, confirmed the move yesterday.Gymboree, which runs retail stores and play centres in the United States, hired Goldman last month after it was approached by at least two firms – one of which was Apollo Management, according to the New York Post newspaper.Billionaire Leon Black’s Apollo Management – whose recent unsolicited approach to Gymboree helped spur the auction that’s now under way, according to one source – is expected to be among the leading bidders, the newspaper said.Other buyout firms such as Bain Capital, KKR, Apax Partners and Irving Place Capital have also shown interest in the San Francisco-based retailer, the paper said.Gymboree was founded by Joan Barnes in 1976 when she couldn’t find a safe place for new parents and children to play together. whatsapp Gymboree hires Goldman Sachs to consider float last_img read more

RBS to quit its 199 Bishopsgate office by end of the year

first_img whatsapp RBS to quit its 199 Bishopsgate office by end of the year by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal 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 AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times KCS-content Share Sunday 10 October 2010 11:53 pmcenter_img ROYAL Bank of Scotland will vacate its Bishopsgate office, while a second lease on its Regent’s House building hangs in the balance.The bank is scaling back its property portfolio as it prepares to shed thousands of jobs. It is understood RBS will leave 199 Bishopsgate before the end of the year. It will keep its remaining offices at 135, 250 and 280 Bishopsgate. The 1,300 staff who work at the property will be relocated to the bank’s other offices.It is not clear when the bank will leave Regent’s House, with sources claiming it could take years to finalise a deal to quit the property.RBS last night insisted a final decision has yet to be made. It said: “We are constantly reviewing our property portfolio to ensure we manage it as efficiently as possible.”It is understood relatively few staff work in the Regent’s House office.The move from the Bishopsgate office will signal a break with the most turbulent period in the bank’s history. It took control of the building after its disastrous acquisition of Dutch lender ABN Amro. Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap whatsapp Show Comments ▼ Tags: NULLlast_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_img 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 TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan 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.com whatsapp WALL STREET JOURNALEUROPE’S DEBT WORRIES RETURNBorrowing costs of weaker European countries are again on the rise amid a steady stream of bad news. Several factors are contributing to the misery of bond markets in countries on the geographic edge of the 16-nation euro bloc. Ireland’s bank bailout is getting ever more costly, and it looks like taxpayers may have to take control of another large bank. Officials in heavily indebted Greece are talking more openly about potential debt restructuring. In Portugal, political opponents have had a tough time finding a convincing budget compromise.RUSSIA BACKS A RENAULT-NISSAN STAKE IN AVTOVAZRussia yesterday gave its backing to French car maker Renault and its Japanese alliance partner Nissan building up a 50 per cent stake in car maker OAO AvtoVAZ. Tuesday 2 November 2010 10:00 pm WHAT THE OTHER PAPERS SAY THIS MORNING Tags: NULL KCS-content center_img whatsapp Show Comments ▼ Share FINANCIAL TIMESITV BLAMES REGIME FOR NEED TO CHASE RATINGSITV could invest more in arts, factual programming and drama were it not for regulations, its managers told a Lords committee. Archie Norman, chairman of the UK’s largest commercial broadcaster, and Adam Crozier, chief executive, told the communications committee that ITV had been driven into a “ratings rat race” by regulations, particularly the contract rights renewal measure.LAWYERS CAUTION ON COSTS TO JUSTICEThe fairness of trials could be undermined by court closures and greater use of video links and telephone legal advice under plans to slash funding of the £23bn criminal justice system, legal experts say. The coalition is being urged to ensure that its plans do not threaten fundamental rights for suspects to be properly represented and to answer their accusers in person.US BANKS SEEK FORECLOSURE EXPERTSUS banks are beefing up their mortgage departments in response to growing pressure and concern over the use of “robo-signers”, employees who rubber-stamped thousands of foreclosure documents without checking the accuracy of the information they contained, as required by law. Recent job postings indicate that banks are recruiting “foreclosure specialists” and “bankruptcy documentation” experts.CHINA’S BANKS IN DRIVE TO BOOST FUNDSChina’s biggest banks plan to raise more than a combined 190bn yuan ($28.4bn) in the coming weeks through rights issues in Shanghai and Hong Kong as they seek to shore up their balance sheets in the aftermath of a record lending spree.THE TIMESTALKTALK ORDERED TO CLEAN UP ITS ACTOfcom has given TalkTalk 30 days to resolve a problem that triggered adeluge of complaints from former customers who received bills despitecancelling contracts. The regulator said it had issued a stinging rebuke to Britain’s second-largest internet provider and Tiscali, which the company acquired in May last year, for breaching consumer protection rules after more than 1,000 customers wrote in with their protests. LESOTHO MINE OFFERS SECOND GIANT DIAMONDA giant diamond worth about $10m has been unearthed in southern Africa. The find by the London-listed miner Gem Diamonds is the second exceptionalrough diamond to come from the Letseng mine in Lesotho in the past two months.The Daily TelegraphWESTFIELD SET TO REVEAL DEMERGER PLANSWestfield, the world’s largest shopping centre owner, is expected to announce the spin-off of its Antipodean assets in a move that could pave the way for development plans in the UK. The Australian group issued a statement requesting that trading in its shares be halted “pending a further announcement about a possible transaction”HOME OWNERS INCREASINGLY OVER 40Britons who own their own homes will increasingly be in their 40s, 50s and 60s, lenders said yesterday. The Council of Mortgage Lenders said the shift follows the first significant decline in home-ownership since 2003. Owner-occupation peaked at 70.9 per cent in 2003 but had declined to 67.9 per cent by 2008/9, it said. last_img read more

OECD downgrades US growth for next year but says Europe remains on target

first_img OECD downgrades US growth for next year but says Europe remains on target Share KCS-content whatsapp Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img whatsapp THE Organisation for Economic Cooperation and Development (OECD) has significantly downgraded its growth projections for the US in 2011, but predicts that the Euro area will meet its June forecasts. The OECD’s economic outlook for October claims that the US will grow 1.75-2.25 per cent next year, revised downwards from the 3.2 per cent it predicted in June. But the Euro area should grow 1.5-2 per cent, in line with its June forecast of 1.8 per cent. Specific country-by-country figures will be released on 23 November after the G20 meeting in Seoul, which takes place next week.The organisation does not give a specific reason for the large downgrade in US growth, but it is likely that disappointing GDP figures for the third quarter – coming in at two per cent annualised growth – forced a revision. OECD secretary general Angel Gurría admitted that the organisation had been surprised by the extent of the recovery’s slowdown: “Although expected, it is more pronounced than previously thought,” he said. He cited slowdowns in the US housing market and the possibility of a flare-up in currency wars as major risks for the recovery in developed economies. But the US and Euro area are expected to speed up in 2012, with Japan still straggling: “The present soft patch in output growth is not project to persist for long,” said Gurría in a statement yesterday. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan 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.com Tags: NULL Wednesday 3 November 2010 9:14 pmlast_img read more

PINNACLE APPEALS TO KEEP ICONIC TOWER ALIVE

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp KCS-content PINNACLE APPEALS TO KEEP ICONIC TOWER ALIVE Thursday 25 November 2010 8:50 pm Developer could be forced to halt work next year unless it can secure extra fundingTHE DEVELOPER of the Pinnacle skyscraper is scrambling to secure extra funding to avoid being forced to halt construction on the 945-foot tower.Arab Investments (AI) has made a plea to some of the Pinnacle’s 60 original investors for extra cash to help complete the tower on Bishopsgate, after lending conditions for speculative building projects in the UK failed to recover. AI has tapped investors for £330m so far – enough to complete just three floors of the proposed 64-storey, 1m square foot tower, according to several sources.City A.M. understands that HSBC had agreed in principle to provide a £600m loan to complete the £1bn project several months ago, but pressured AI to secure a pre-let tenant to take up at least 300,000 square feet in the building before it would release the funds. Several property sources said the bank might offer a smaller loan if AI can lock down a pre-let deal for more than 150,000 feet.AI’s managing director Khalid Affara said it made sense to return to its original investors rather than accept the terms. “We are currently in discussions with the banks about the major investor SEDCO behind the project, with other investors, injecting a substantial further equity investment so that we can dramatically reduce the amount of debt necessary for the Pinnacle to be completed,” he said. “If this offer is accepted then the full works will be approved much more quickly and without completing a major pre-let prior to development finance getting into the project.”Several companies including Schroders, Aon and Jardine Lloyd Thompson are currently in the market for offices of more than 100,000 square feet. However, restarted work on the Cheesegrater and the Walkie Talkie towers by listed firms leaves the Pinnacle in an increasingly crowded market when it is ready for tenants in early 2013. “They’ve got a very unique building on their hands – which makes it incredibly expensive,” said one property insider. “They’re going to be very reliant on generating very high rents to pay for construction.”The company brought in CB Richard Ellis as a second leasing agent alongside Savills in September to try and pursue all potential tenants. Davies Arnold Cooper, the law firm advising AI on the project, agreed in 2009 to take up 100,000 square feet. Serviced offices provider Regus has also taken 80,000 square feet.“Arab does have opportunities for pre-lets, but there are not that many companies out there looking for vast amounts of space. Firms like Schroders might decide to stay put in the current climate,” said a person familiar with the City market.HSBC, CB Richard Ellis and Savills declined to comment. center_img Show Comments ▼ whatsapp More From Our Partners Brave 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.comAstounding 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Tags: NULLlast_img read more

UK service sector growth slows in November

first_img GROWTH in UK service sector activity slipped back slightly in November, suggesting a slowdown in overall fourth-quarter economic output and no change to monetary policy anytime soon.The headline business activity index in the Markit/CIPS PMI index eased to 53.0 in November from October’s four-month high of 53.2 and bang in line with the forecast, as new business picked up at its fastest rate since June.But analysts said the figure was slightly disappointing following a run of better-than-expected manufacturing and construction growth and implied a slowdown in overall GDP growth for the final three months of the year.“It’s not disastrous but it’s definitely sub-trend,” said Ross Walker of RBS. “It’s in the services sector where the recovery is more vulnerable, and there are some sectors which are vulnerable to weaker consumer and domestic demand.“It’s mildly disappointing and is just going to reinforce the near-term policy inertia.”The new business index rose to 52.4 from 52.0 in October, the highest reading since June, and business confidence also improved. However, employment fell at a faster rate than October and firms also ran down backlogs of work, suggesting a build-up of spare capacity.The figures are therefore unlikely to alter expectations that the Bank of England will keep policy loose as it waits to see how planned government spending cuts hit demand.“(It’s) perhaps a bit disappointing after the recent run of improved news on the economy,” said Vicky Redwood of Capital Economics.“Given the sharp pick-up in the manufacturing PMI earlier this week, a composite measure of the CIPS surveys still rose in November. But, on the face of it, it points to quarterly GDP growth of just 0.3 per cent or so.”The headline services activity index has been above the 50-level which separates contraction from expansion for more than a year-and-a-half but November’s pace of growth was again below the survey average.Markit economist Paul Smith said the growth in the UK service sector activity was solid but described the rise in new work as still lacklustre as economic uncertainties undermined business and consumer spending.“With the survey’s data on backlogs and confidence pointing to sluggish expansion in the near-term, we expect the sector to make a reduced contribution to UK economic growth in Q4,” he said.“Moreover, the sector’s present growth profile suggests it is unlikely to generate any meaningful job creation and help to offset expected employment cuts in the public sector.”Employment in the sector declined at a slightly faster rate than in October as a number of respondents chose not to replace leavers or to implement redundancies.Markit said business expectations had improved since October although the degree of business confidence in the UK service sector remained historically low due to fears over government spending cuts.And inflation pressures eased last month, with firms raising prices at a slower pace than in October, in line with a slight slowdown in their own costs.Overall, Friday’s survey suggests the services sector is not expanding as quickly as the manufacturing sector, where activity picked up at its fastest pace in 16 years in November due in part to strong exports. whatsapp Share UK service sector growth slows in November whatsapp Friday 3 December 2010 5:34 am alison.lock 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Show Comments ▼ Tags: NULLlast_img read more

Alpha snaps up Massey in £4.5bn deal

first_img Alpha snaps up Massey in £4.5bn deal KCS-content whatsapp Show Comments ▼ whatsapp ALPHA Natural Resources has agreed to a $7.1bn (£4.5bn) deal to buy Massey Energy, which was rocked by a deadly coal mining accident last year.The deal – the latest in a wave of consolidation sweeping the industry – creates the second largest US coal miner by market value, holding 110 mines and combined coal reserves of 5bn tonnes. The deal is expected to be completed in mid-2011.Massey shareholders will receive 1.025 Alpha share for each Massey share in addition to $10 a share in cash, for a value of about $69.33 a share, the companies said. That represents a 21 per cent premium over Massey’s closing share price of $57.23 on Friday.Surging Asian demand for coal to fuel steel mills and power plants has made the sector one of the hottest for dealmaking over the past year. After the acquisition, Alpha will be the largest supplier of metallurgical coal, which is used in steel making, in the US.Alpha chief executive Kevin Crutchfield said the deal would create a global player in metallurgical coal – a commodity the company believes should continue to generate profits for some time.“In terms of the next decade, the world is going to remain structurally undersupplied in high-quality metallurgical coal. There’s just not going to be any massive new supply coming on,” Crutchfield said.Massey, based in Richmond, Virginia, put itself on the block in November after posting a wider-than-expected third-quarter loss as a result of the explosion that killed 29 miners at its Upper Big Branch mine in West Virginia in April. center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory Sunday 30 January 2011 10:32 pm Share Tags: NULLlast_img read more