September 2021

Grainger set to gain from slump

first_img Britain’s biggest residential landlord Grainger said yesterday it plans to cash in on the wilting housing market by buying up discount real estate. The firm, which has around £2.8bn of assets under management, bought £154.8m of properties in the past ten months, with a further £67.6m of buys in the pipeline. It sold 593 vacant units at a sales margin of 42.6 per cent. The firm also completed its purchase of Sovereign Reversions, snapping up the equity release adviser for £34.6m. Tags: NULL Show Comments ▼ 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Grainger set to gain from slump whatsapp center_img Wednesday 11 August 2010 8:17 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailCrowdy 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.comTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmHero WarsBig Boss of internet games!Hero WarsDo It Houses[Pic] The Most Remarkable Dress Outfits EverDo It Housesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com KCS-content whatsapp Sharelast_img read more

Rules for reverse takeovers are made easier

first_imgWednesday 18 August 2010 8:34 pm Share More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.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.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com REVERSE takeovers are likely to become more common after the UK Listing Authority (UKLA) yesterday changed the rules to make them easier.The watchdog has made the financial requirements for the process, where a company buys a larger unlisted or foreign firm, less stringent.One of the most fundamental changes is a simplification of a rule where listed companies had their shares suspended until they could provide fully audited data for the last three years. Now this information, a factor that made reverse takeovers unpalatable for many firms, is not required to be so exhaustive.The UKLA will also stop firms from avoiding the rules by creating a new holding company, or “topco”, as the Pru did in its failed AIA bid. whatsapp whatsappcenter_img Show Comments ▼ Rules for reverse takeovers are made easier KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 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 BlvdUndo Tags: NULLlast_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_img WHAT THE OTHER PAPERS SAY THIS MORNING Tags: NULL KCS-content FINANCIAL TIMESCOMPANIES NOW TURN TO PRIVATE PLACEMENTS FOR FUNDINGPrivate placement deals – whereby companies tap investors directly for loans – are on track for one of their strongest years, highlighting the extent to which companies are seeking to diversify their funding sources away from banks. Companies tapped the market for $27.4bn in the first half of the year, only just shy of the $28.5bn raised in the whole of 2009, according to data from Reuters.DEUTSCHE BANK FUNDING TAKE-UP SLOWA €300m ($380m) fund set up to provide equity for undercapitalised German companies has still to make its first investment six months after it was announced by Deutsche Bank as a way to stave off a credit crunch for Europe’s biggest economy. Concerns have eased over smaller companies.TPG PLANS LAUNCH OF RENMINBI FUNDTPG has joined the queue of western private equity groups rushing to raise renminbi-denominated funds from Chinese investors that will allow them to make local currency investments across the country. Unveiling a partnership with the local government of Shanghai’s Pudong district on Monday, San Francisco-based TPG said it planned to start raising its debut renminbi fund later this year with a Rmb5bn ($735m) target.MOBILE MARKET SHOWS SIGNS OF REVIVAL AFTER DOLDRUMSThe UK’s mobile handset market has bounced back after nearly two years in the doldrums, according to figures from GfK. Using data collected at the point of sale, GfK found that second-quarter sales were up 5.15 per cent to 7.5m handsets, compared with the same period in 2009, thanks to a rebound in pay-as-you-go phones and continuing demand for smartphones. Share THE TIMESFINANCIAL CRISIS COULD SAVE EUROCOPTER WORK FOR BRITAINThe world’s largest manufacturer of helicopters has suggested that work could return to the UK from Romania as the two countries were on a par for costs in the aftermath of the financial crisis. Eurocopter is understood to have told the Ministry of Defence that it could move a £300m contract to the UK with little impact on price.MERKEL STANDS UP TO POWER GIANTS ON URANIUM TAXTwo German power giants supplying gas and electricity to millions of British homes face a levy on the fuel they use in their nuclear power plants after Angela Merkel refused to back down on plans for a new tax. RWE and E.ON have been pressing the German Chancellor to drop a plan to tax companies by the amount of uranium they use.The Daily TelegraphCULLUM: SMALL FIRMS PARALYSED BY RECESSION “TRAUMA”Peter Cullum, the multi-millionaire owner of insurance broker Towergate, has warned that too many businesses are still “traumatised” by the recession and are failing to prepare for the future. Mr Cullum said he thought now was the time in the economic cycle when businesses should be planning a series a “transformational changes” from which they could profit when the economy recovers.RBS HEAD OFFICE DAMAGED BY GOLF BALLS IN CLIMATE PROTESTWindows at the Royal Bank of Scotland headquarters in Edinburgh have been smashed by golf balls during an ongoing climate change protest, it is claimed. Activists have been gathering at the RBS head offices at Gogarburn since Thursday and an estimated 500 were on site.WALL STREET JOURNALHOW WIKILEAKS KEEPS ITS FUNDING SECRETThe controversial website WikiLeaks, which argues the cause of openness in leaking classified or confidential documents, has set up an elaborate global financial network to protect a big secret of its own—its funding. The site has established a complex system for collecting and disbursing its donations to obscure their origin and use, founder Julian Assange said.EX-SPRINT EXECUTIVE JOINS HUAWEI PARTNERHuawei Technologies is turning to a start-up staffed by a number of former Sprint Nextel executives to help the Chinese telecom equipment maker win long-sought contracts with top US wireless carriers. The firm, Amerilink Telecom, started last year in Overland Park, Kansas with Huawei as its first customer. center_img whatsapp Show Comments ▼ Monday 23 August 2010 8:40 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.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 whatsapplast_img read more

Hargreaves Lansdown sees profit surge in record year

first_img whatsapp whatsapp Wednesday 1 September 2010 2:37 am Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramUndoAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUndoBetterBe20 Stunning Female AthletesBetterBeUndoOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo BROKER Hargreaves Lansdown has seen pre-tax profit up 18 per cent while assets under management also surged. The company’s figures, covering the year to the end of June, showed growth in every category as it emerged strongly from the recession.Pre-tax profit was £86.3m while total assets under administration rose by 47 per cent to £17.5bn, in the record year for the companyNet business inflows reached £3.3bn – a 65 per cent rise on the £2bn recorded in the previous year.Chief executive Peter Hargreaves said: “Even though we continue to face economic uncertainty, I believe that the company is extremely well placed to build on the momentum that has been generated so far.”Hargreaves, who founded the company with Stephen Lansdown in 1981, will step down as Chief executive tomorrow and repaced by Ian Gorham. The company announced last week that Lansdown will become a non executive director. The pair sterted the business from a Brsitol flat before building it up to b e the UK’s largest retail broker. center_img Hargreaves Lansdown sees profit surge in record year Show Comments ▼ Tags: NULL John Dunne last_img read more

BEST OF THE BROKERS

first_img KCS-content BEST OF THE BROKERS Sunday 19 September 2010 9:50 pm Show Comments ▼ Tags: NULL whatsappcenter_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 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 whatsapp BLUEBAYSinger Research rates the asset manager a “buy” with an upgraded target price of 400p. The broker sees a second leg of growth available in the emerging markets, and views performance in this region as already ahead of rivals. Overall operating margins should improve from 36 per cent to 40 per cent this year.WILMINGTON GROUPNumis Securities rates the training company a “buy” with a target price of 178p. The broker says that the firm’s training and events division has now stabilised following the downturn. Numis predicts pre-tax profit to rise slightly above estimates in 2011 to £13.5m, with earnings per share of 10.6p.CLAPHAM HOUSE GROUPSeymour Pierce has upgraded the restaurant chain from “sell” to “hold”, and suggests investors should accept Nando’s cash offer at 74p. The broker says the bid looks likely to succeed, and that preliminary analysis suggest the offer values the group at 7.6 times historic enterprise value. More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Sharelast_img read more

Posen: We need QE to start again

first_imgTuesday 28 September 2010 11:37 pm 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Posen: We need QE to start again QUANTITATIVE EASING (QE) must be restarted if Britain is to avoid persistent high unemployment and economic stagnation, Bank of England Monetary Policy Committee (MPC) member Adam Posen said yesterday.In a speech delivered in Hull yesterday, Posen was the first MPC member to call explicitly for a second round of QE. His comments put him on a collision course with fellow policymaker Andrew Sentance, who has been calling for higher interest rates since June. Posen argued: “It is right for both long-term stability and short-term performance for central banks to do more now.”He warned that policymakers’ misplaced fears of inflation should not lead them to settle for weak growth: “The risks that I believe we face now are the far more serious ones of sustained low growth turning into a self-fulfilling prophecy, and/or inducing a political reaction that could undermine our long-run stability and prosperity.”Posen has not yet voted for further monetary loosening and said that his vote at the next meeting was not a foregone conclusion. “Although we find Mr Posen’s analysis sobering and plausible, we believe it will take further downside news on the economy if a majority of MPC members is to support a QE extension,” said Barclays Capital’s Simon Hayes. 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 AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todaymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Show Comments ▼center_img KCS-content whatsapp Share Tags: NULL last_img read more

BP to develop gas fields in Azerbaijan

first_img BP to develop gas fields in Azerbaijan Show Comments ▼ Share Tags: NULL 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 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 TimesBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlush BP is expected to close a deal with Azerbaijan’s national oil company today to explore and develop a huge natural-gas field in the Caspian Sea. The field, Shafag-Asiman, has estimated reserves of 17 trillion cubic feet, according to the State Oil Company of the Azerbaijan Republic (Socar). If confirmed, that would make it almost as large as Azerbaijan’s massive Shah Deniz gas field, where BP is already operating.The deal is BP’s first since Bob Dudley took over as chief executive of the energy giant. Dudley is currently visiting BP’s operations in Azerbaijan along with his predecessor, Tony Hayward.The deal is a 50-50 production-sharing agreement over 30 years and would cement BP’s position in the oil-rich former Soviet republic, where it is one of the country’s biggest foreign investors.BP is the largest producer in Azerbaijan and one of the largest investors in the country, having played a key role in opening it to international oil companies after the fall of the Soviet Union. Developing the Shafag-Asiman gas field would also reinforce Azerbaijan’’ role as a rising gas producer and exporter. Meanwhile, Russian joint venture TNK-BP has stepped up its efforts to buy BP’s assets in Algeria, which the company is selling as part of a $30bn asset disposal plan.TIME LINE | IRELAND’S MISERY6 October 2010 Fitch cuts Ireland’s credit rating to A+ from AA-, citing the huge cost of cleaning up its banks. Fitch also put its rating on a negative outlook.30 September 2010 Ireland discloses a worst case price tag of over €50bn (£44bn) for bailing out its banks and announces it will have to make more budget savings.28 September 2010 Standard & Poor’s and Fitch warn Ireland’s rating is at risk of further downgrades triggering a fresh leap in borrowing costs and calls for the beleaguered government to bring forward its budget from December. 9 September 2010 The government outlines a compromise plan to wind down Anglo via a two-way split into an Asset Recovery Bank and a Funding Bank.24 August 2010 Standard & Poor’s cuts Ireland’s long-term rating by one notch to ‘AA-‘, and assigns the country a negative outlook. Moody’s cut its rating to Aa2 in July.10 August 2009 Anglo Irish Bank wins temporary clearance from the EU for a fresh bailout of up to €10bn, more than expected. Wednesday 6 October 2010 8:55 pm whatsapp whatsapp KCS-content last_img read more

CPI inflation holds steady in September

first_imgTuesday 12 October 2010 8:31 pm 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 CONSUMER Price Index (CPI) inflation remained at 3.1 per cent in September, unchanged from August official figures released yesterday showed, continuing the trend of above target inflation.Meanwhile, Retail Price Index (RPI) inflation was 4.6 per cent, down from 4.7 per cent in August but above analysts expectations of 4.4 per cent. The Office for National Statistics (ONS) said there were both significant upward and downward pressures on the CPI inflation rate between August and September.Airfares have seen the most dramatic fall dropping 27.8 per cent this year. Fuel prices fell by 0.8 per cent in September but were still 2.3 per cent higher than a year ago. Clothing and footwear prices rose by a record 6.4 per cent for the year to September while food prices also increased by 0.3 per cent. The September CPI figures will be closely watched by benefit claimants as they will determine the rise in all payments, save pensions, next April. CPI inflation holds steady in September whatsapp whatsappcenter_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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼ Tags: NULL Sharelast_img read more

LVMH takes Hermes stake

first_imgSunday 24 October 2010 11:05 pm Share KCS-content Show Comments ▼ Tags: NULL LVMH takes Hermes stake THE French luxury goods group behind Moet champagne, Hennessy spirits and Louis Vuitton leather goods is buying a €1.45bn (£1.3bn) stake in family controlled handbag maker Hermes, but it denied it was planning a full-blown takeover bid.LVMH has bought a 14.2 per cent interest in Hermes, which is known for its high-end leather handbags and silk scarves and is among the few luxury companies that have grown throughout the consumer spending slump.The stake will eventually rise to 17.1 per cent after it has converted certain derivatives of Hermes shares.The French group said it wanted to be a long-term player in Hermes, although it pledged not to seek to take over the group or to influence its strategy.“The objective of LVMH is to be a long-term shareholder of Hermes and to contribute to the preservation of the family and French attributes, which are at the heart of the global success of this iconic brand,” LVMH said.“LVMH fully supports the strategy implemented by the founding family and the management team, who have made the brand one of the jewels of the luxury industry.“LVMH has no intention of launching a tender offer, taking control of Hermès nor seeking board representation.”The surprising move is nevertheless likely to trigger questions over the intentions of LVMH’s chief Bernard Arnault. The French businessman took control over LVMH in 1990 after three years of internal power struggle and has often expanded its reach through acquisitions of iconic brands.TIME LINE | HERMES – A FAMILY AFFAIR● 1993 – About a fifth of Hermes’ capital floated, with rest owned by Dumas family and management.● May 2010 – Hermes’ charismatic chief Jean-Louis Dumas dies. Later in the year Hermes’ supervisory board head Jerome Guerrand sells 24,257 shares for €4.14m, or 0.02 per cent of capital.● July 2010 – Hermes posts near-23 per cent surge in first half sales and doubled annual revenue forecast.● October 2010 – LVMH becomes largest Hermes shareholder after the heirs to the family share of about 70 per cent. center_img Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap 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 PastBetterBe20 Stunning Female AthletesBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmMoneyPailBurning Money: Common Cars Rapidly DepreciatingMoneyPailthedelite.comNetflix Cancellations And Renewals: 2021 Updatethedelite.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsMaternity WeekThis Was Found Hiding In An Oil Painting – Take A Closer LookMaternity Week whatsapp whatsapp last_img read more

BILL OF THE WEEK

first_img Show Comments ▼ whatsapp whatsapp KCS-content Share BILL OF THE WEEK 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 Proofcenter_img Monday 22 November 2010 6:12 am Tags: NULL A troupe of City boys from one of the UK’s biggest financial services companies headed down to the Real Greek on bankside last week and they went to town on the restaurant’s brand new menu. They racked up the tidy sum of £1,038 but, unlike the usual features of this column, they were a bit more interested in the food than their liquid diet. They did, however, match their menu with a set of Greek wines, ranging from a couple of bottles of Silenus white to three Mitravelas bottle, two bottles of Santorini and a couple of the rose Retsorini.But beyond the wines, dinner was a sober affair. Instead, our diners sampled the spicy octopus, Greek sausages, spicy meatballs and indulged the table’s collective sweet tooth with a full complement of icecream and baklava to follow. 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 TodayWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmlast_img read more