Month: September 2021

Eurozone debt sales succeed

first_img Show Comments ▼ Tuesday 17 August 2010 8:28 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp KCS-content Sharecenter_img Eurozone debt sales succeed by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald whatsapp INVESTORS snapped up €1.5bn (£1.2bn) of Irish debt at auction yesterday, though the Dublin government was forced to offer high yields to tempt buyers. The auction attracted bids of €5.1bn yesterday, the strongest demand in an auction so far this year, in part due to yields far above the German gilt benchmark. Ireland will pay 3.62 per cent on four year bonds and 5.38 per cent to €1bn worth of 10 year bonds. Eurozone counterpart Spain also secured strong demand for its debt sale yesterday, offloading €5.51bn of bonds to tighten yield spreads against German government debt. Irish central bank governor Patrick Honohan warned that governments needed to convince investors they were committed to cutting budget deficits, even as he suggested in a speech yesterday that the cost of the Irish bank bailout may rise further.“There is, for these stressed sovereigns, no question as to whether national growth is best served by bringing the public finances back promptly to a convergent path,” he said yesterday. Honohan restated that Ireland was committed to reducing its deficit to an EU target of three per cent of GDP by 2014 Tags: NULLlast_img read more

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Lookers on the up in profit surge

first_img Show Comments ▼ 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.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comA 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.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.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‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: NULL Share Lookers on the up in profit surge whatsappcenter_img KCS-content whatsapp Wednesday 18 August 2010 7:31 pm CAR dealer Lookers yesterday reported a “record trading performance” as profit surged by a third. First-half pre-tax profit was £22.7m – 29 per cent up on the £17.6m it made in the same period a year earlier. Sales were £988.3m, compared with £870.4m.New car sales increased by a quarter despite fears over consumer confidence and government cuts. The parts division will help the firm weather these conditions, it added.Chief executive Peter Jones said: “We have delivered a record trading performance in the first six months of 2010 and we are very encouraged by this result.’He added: “The strong performance from both the parts and motor divisions, a reduced cost base together with significant positive operational cashflow which has strengthened the balance sheet, gives us confidence that we can continue to grow the business.”Lookers operates 120 retail outlets covering 32 brands.Earlier this month, industry figures showed monthly car sales fell in July for the first time in a year.Much of that decline was put down to the end of the vehicle scrappage scheme in which consumers were encouraged via incentives to scrap their old vehicle to replace witha new car from the showroom, in a bid to boost the ailing industry. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeTotal 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 Warsmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld Lifestylelast_img read more

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US lending drops but profit up

first_img KCS-content Tags: NULL whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comMark Eaton, former NBA All-Star, dead at 64nypost.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com US banking showed signs of improvement in the last quarter, as firms posted their biggest profit in almost three years despite a fall in lending and a jump in the number of at-risk institutions. The $21.6bn gain in the three months to 30 June was aided by lenders covering fewer expected loan losses, said the Federal Deposit Insurance Corp.However, the number of banks at risk of failure rose to 11 per cent of all covered firms, the most since 1992. Overall lending fell 1.4 per cent in the quarter. US lending drops but profit up Sharecenter_img whatsapp Tuesday 31 August 2010 9:30 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Show Comments ▼last_img read more

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MPC sticks to low interest rate policy

first_img whatsapp Share MPC sticks to low interest rate policy whatsapp Thursday 9 September 2010 8:16 pm KCS-content THE Bank of England voted to keep monetary policy on hold this month with interest rates remaining at their historic low of 0.5 per cent and asset purchases at £200bn. The decision did not surprise City economists, who had widely expected the Monetary Policy Committee (MPC) to uphold the status quo for another month. Although the economy grew relatively strongly in the second quarter, recent surveys have pointed to a slowdown in the pace of growth. Interest rates have been at 0.5 per cent since March 2009, though the central bank said it would pause asset purchases back in February 2010. However, the minutes of the MPC’s September meeting – to be published on 22 September – are anticipated to be closely watched. Tags: NULL Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative 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.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

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EU wages war on derivatives

first_img Share More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.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.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com EU wages war on derivatives 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.comPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-Today Wednesday 15 September 2010 9:11 pm whatsapp KCS-content center_img RADICAL curbs on short selling and derivatives trading proposed by the European Commission to bring the multi-trillion dollar industry in from “Wild West territory” were condemned as costly and potentially uncompetitive by hedge funds yesterday.The proposals, released to coincide with the collapse of Lehman Brothers two years ago, require increased disclosure of short selling positions against companies and government debt as well as handing the European Securities and Markets Authority, one of the EU’s newly created financial regulators, the power to temporarily ban short selling altogether. Investors will need to disclose short positions to regulators if they exceed 0.2 per cent of a company’s issued share capital, and to the rest of the market if the short position exceeds 0.5 per cent. The proposals also cover credit-default swaps and the clearing of over-the-counter derivatives – a $600 trillion (£384 trillion) market. In a bid to reduce counterparty risk, most derivatives trades will have to be routed through centralised clearing houses providing a safety net in the event of a collapse, and ensuring regulators know how much money firms owe each other. This forced transparency, will challenge the dominance of the roughly half a dozen large banks, including Deutsche Bank, Barclays, Goldman Sachs, JP Morgan, Bank of America and Citigroup, which currently design derivatives for customers and trade them among themselves. Michel Barnier, the EU’s financial services commissioner, insisted that the regulatory overhaul was vital for the future stability of Europe’s financial system. “No financial market can afford to remain a Wild West territory,” he said.Barnier also sought to dampen fears that the new rules could drive dealers away from the City, where 40 per cent of the global derivatives trade is based, saying similar measures were being brought in worldwide. Andrew Baker from the Alternative Investment Management Association welcomed the standardisation across Europe, but slammed short position reporting to the market as “uncompetitive.” Darren Fox, a partner at Simmons & Simmons, said the disclosure requirements would “potentially be very expensive” for firms and trading venues. While Kevin McNulty, head of the International Securities Lending Association, said the proposed thresholds were too low and could encourage investors to curb their trades to stay beneath those levels, reducing liquidity and ironically creating riskier trading conditions.The regulations, which still need to be approved by EU member states and the European parliament, are expected to be in place by July 2012. whatsapp Show Comments ▼ Tags: NULLlast_img read more

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Withdrawals still a drag on Man’s profits

first_img KCS-content THE WORLD’S biggest listed hedge fund, Man Group, has clocked up an eighth consecutive quarter of net withdrawals, as an improved performance from its flagship AHL fund failed to stem the outflow of private client money.Man, which in May agreed to buy GLG Partners in a $1.6bn (£1.01bn) deal, recorded net outflows of $600m in the three months to the end of September, though the rate of withdrawals slowed from the first quarter.Institutions regained confidence in Man over the quarter, injecting a net $0.1bn of money, but that was offset by private investors pulling $700m of cash from the firm’s funds.Man expects pre-tax profit for the half year to September to come in at $215m, 19.8 per cent below the second half of the prior year, due to a dip in net management fees and minimal performance fees. Though the performance of AHL, which lost 16 per cent last year, has bucked up to report gains of 7.6 per cent over the past 12 months, clients are still largely below the “high water mark” above which Man can charge performance fees.Funds under management are expected to stand at $39.5bn at the end of September, $1bn higher than at the end of June, thanks to positive currency effects. Man’s acquisition of GLG will complete in mid-October, helping the group to diversify away from its reliance on AHL, which lagged far behind its peers last year. Withdrawals still a drag on Man’s profits Share Tuesday 28 September 2010 10:54 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapp whatsapp Show Comments ▼ Tags: NULLlast_img read more

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WHAT DO YOU MAKE OF LORD HUTTON’S RECOMMENDATIONS

first_img WHAT DO YOU MAKE OF LORD HUTTON’S RECOMMENDATIONS JOHN CRIDLAND | CBI He is clear that traditional final salary defined benefit schemes are not a viable way forward. Everybody needs to understand the true scale of pension liabilities. Every year there is a £10bn gap between what public sector employees and employers contribute and the value of the benefits that the state promises to them.ANTOINE BOZIO | IFSLord Hutton’s interim report on public service pensions recommended an increase in employee contributions in the short term. Any final recommendations should consider how cost effectively public service pensions attract and retain the desired calibre of staff in the public sector.PETER BOOTH | INSTITUTE OF ECONOMIC AFFAIRSMany of the suggestions for long-term reform of the schemes are sensible but the report ducks some of the crucial issues. We must put the accounting for public sector pension schemes on a proper economic footing. Furthermore, the full costs of public sector schemes must be borne by employers and employees. Show Comments ▼ KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailalldelishHere is what happens to your body when you start eating 2 eggs every dayalldelishFood World MagazineHeart Attack Are on the Rise! Prevent it by Eating These FoodsFood World MagazineWork from Home | Search AdWork From Home for a USA company Might Be More Fun Than You ThinkWork from Home | Search AdBig Data Courses | Search AdBig Data Online Courses Might Be Cheaper Than You ThinkBig Data Courses | Search AdShop Bras Online | Search AdsTake a Look at These Bra and Panty SetsShop Bras Online | Search Ads 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 Wrapcenter_img Share whatsapp whatsapp Thursday 7 October 2010 9:46 pm Tags: NULLlast_img read more

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May eyes tight cargo rules

first_img KCS-content HOME Secretary Theresa May yesterday said security around all international air cargo arriving in Britain was being reviewed after a bomb sent from Yemen was found aboard an aircraft at East Midlands airport.However, acknowledging the massive economic and financial implications of much tighter international air cargo security rules, May stopped short of saying a much more rigorous system of checks was being planned either unilaterally or globally.“We are looking at the screening of freight. We will be looking at the processes we use. We’ll be talking with the industry about these issues,” she said.Asked if much tighter laws governing air freight security are being considered at airports around the world she said she could not talk about specific action.Tighter laws would hurt the already-struggling air cargo industry. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼ Tags: NULLcenter_img whatsapp whatsapp Sunday 31 October 2010 11:37 pm May eyes tight cargo rules Sharelast_img read more

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SSE posts dip in profits but lifts dividend

first_img Show Comments ▼ Tags: NULL whatsapp SSE posts dip in profits but lifts dividend More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.com Share KCS-content Wednesday 10 November 2010 7:28 pm ELECTRICITY firm Scottish & Southern Energy yesterday posted forecast-busting first-half profits and pledged to stick to plans to raise its dividend, boosting its shares.SSE blamed high wholesale gas prices and low renewable energy output for a 6.1 per cent fall in adjusted first-half pre-tax profit to £386m, beating market forecasts of £361m.The group’s shares rose 3.8 per cent to 1,160p as it raised its half-year dividend 6.7 per cent to 22.4p and said it was on track for a two per cent real rise in 2010/11 to at least 74.5p per share.SSE, which has 9.9m customers, will lift household gas prices by 9.4 per cent from 1 December due to “continuing losses” at its gas supply business, Southern Electric Gas,The group has put off plans to build more gas storage due to regulatory uncertainty and lower profits, but hopes to open its first nuclear plant around 2023, it said.Chairman Robert Smith said lower renewable energy production and higher gas costs had made the last six months tough, but the group’s underlying performance was good.“SSE’s key financial objective is dividend growth, and we are on course to meet our target,” he said.Bank of America Merrill Lynch said the results were slightly above expectations and underpinned medium-term growth prospects.SSE was expected to report profit of £1.27bn for the year to March 2011, against £1.29bn in 2009/10.SSE and consortium partners GDF Suez and Iberdrola, expect to decide whether to build a nuclear plant around 2015. It has put off a decision on the Aldbrough II gas storage site on the east coast, a joint venture with Norway’s Statoil, due to uncertainty about usage rules and increasing liquefied natural gas import capacity in Britain. whatsapplast_img read more

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Crozier cool on restarting ITV dividend

first_img 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 PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap BROADCASTER ITV will keep considering the possibility of paying a dividend given its newly strong balance sheet, but investing in programmes is more urgent, its chief executive said yesterday.Adam Crozier, who took over in April, said ITV needed to make more of its own content and technology to profit from coming web distribution channels such as Google TV, Apple TV or YouView in Britain.ITV makes only 45 per cent of its own programming, or 17 per cent excluding soap operas Coronation Street and Emmerdale.To cut costs, ITV ran down investments in content during the recession, buying in programmes and relying on mass-audience shows like the X Factor to attract advertisers.“We have some investments we need to make, and we’ve been upfront about that,” said Crozier. center_img Crozier cool on restarting ITV dividend Show Comments ▼ Share KCS-content Thursday 18 November 2010 7:32 pmlast_img read more

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