IMF to review Pakistan budget

first_img whatsapp whatsapp Sunday 22 August 2010 10:16 pm THE International Monetary Fund (IMF) said it will review Pakistan’s budget and economic prospects following catastrophic flooding during talks with senior Pakistani government officials starting today.Pakistani finance minister Abdul Hafeez Shaikh and other senior Pakistani finance officials are traveling to Washington for the talks with the IMF, which will also be an opportunity to speak directly to the Obama administration about aid.The IMF talks are set to focus on the future of Pakistan’s $10bn (£6.4bn) IMF program agreed upon in 2008. KCS-content IMF to review Pakistan budget center_img Share Tags: NULL Show Comments ▼ 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 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 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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comConnecticut man dies after crashing Harley into live bearnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comlast_img read more

Vodafone and National Grid chairs to leave

first_img Show Comments ▼ 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 ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeUpWellNess30 Second Method to Near-Instant Relief from “Bone on Bone” Joint PainUpWellNessFameleyAt 56, Marjorie Elaine Harvey Lives HereFameleyBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadalivestly.comThis Is What The Black Diamond On A Measuring Tape Meanslivestly.comGrowitchRemember Cameron Diaz? Take A Deep Breath Before You See How She Looks Now Growitch Share KCS-content Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsappcenter_img whatsapp Sunday 5 September 2010 10:23 pm Tags: NULL Vodafone and National Grid chairs to leave SEVERAL blue chip managers are awaiting calls from headhunters as two of the FTSE 100’s best-known chairmen prepare to step down.Vodafone has appointed City recruiter Anna Mann to seek out a replacement for Sir John Bond, who is expected to depart toward the end of next year. Bond, who has chaired the mobile phone operator since 2006, said at July’s annual general meeting (AGM) a succession plan would be worked out as a matter of course.Potential candidates for the role are thought to include Roger Carr, the former Cadbury boss and current Centrica chairman, ex-Standard Chartered man Lord Davies and renowned banker John Thornton. Cable & Wireless’ Sir Richard Lapthorne has also been suggested.Bond came under fire in the run-up to the AGM from a minority group of investors led by the Ontario Teachers’ Pension Plan, which accused him and deputy John Buchanan of presiding over a “disastrous” acquisition strategy. But Bond easily won the vote for his re-election and said he had no intention of stepping down imminently.Meanwhile, Sir John Parker has decided to begin preparations for his exit from National Grid in late 2011 or early 2012. By that point Parker will have chaired the company for 11 years, counting his time at the helm of Lattice Group, which merged with National Grid in 2002. He is understood to feel the time is right to lay the groundwork for his departure.Both Bond and Parker have decades of top-level corporate experience prior to their existing roles, the former at HSBC and the latter at engineering firms including Babcock. Vodafone and National Grid’s hunts for successors are likely to be complex and will draw attention to the common complaint of a dearth of FTSE-quality talent in Britain. last_img read more

Europe lager sales tumble at SABMiller

first_imgMonday 18 October 2010 7:59 pm Europe lager sales tumble at SABMiller KCS-content Share whatsapp Show Comments ▼center_img whatsapp 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 BREWER SABMiller yesterday reported a recovery in beer sales boosted by the emerging markets of Africa and Asia – sales of lager dipped by five per cent in Europe.Overall the company beat forecasts with a slim one per cent rise in half-year volumes.The London-based brewer of Peroni, Grolsch and Miller Lite said yesterday growth in these markets and also in South Africa helped offset volume dips in Europe and North America in April to September.On Europe SABMiller said: “The industry continued to be affected by weak economic conditions across the region. Poland, the Czech Republic and Romania suffered particularly poor sales.Beer volume growth, price rises in the prior year, some raw material cost cuts and the strengthening of key operating currencies against the US dollar helped SABMiller’s results to meet its own expectations.“We see this statement as a small positive for SABMiller and retain our ‘overweight’ recommendation,” said analyst Matthew Webb at JP Morgan Cazenove, the company’s own broking adviser. Webb left his earnings per share forecast unchanged at 186 cents for the year to March 2011.The brewer, which earns over 80 per cent of its profits in emerging markets Colombia, South Africa, Poland and China, is seen by analysts as interested in buying Foster’s Group’s beer interests or the African beer business of France’s Castel.Meanwhile, the company said it had resumed reporting results from its 36 per cent stake in Delta Corp, the biggest brewer and soft drinks bottler in Zimbabwe. SABMiller had stopped including Zimbabwe results in 2006 because of the country’s shattered economy. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI 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.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: NULLlast_img read more

Reckitt looks to Asia as SSL joins the fold

first_img Reckitt looks to Asia as SSL joins the fold KCS-content Tags: NULL RECKITT Benckiser predicts it will increase profits by 16 per cent in the next year as rising sales in Brazil, India and East Asia drive the company forward despite tough UK and North American markets.The Slough-based company posted a 19 per cent rise in profit to £426m for the three months to September. Revenue rose 11 per cent to £2.11bn – ahead of City forecasts.The firm said it was hoping the the acquisition of Durex condom-maker SSL, which it completed this week, would help to drive sales up by six per cent.Chief executive Bart Becht said the company, which makes products as wide-ranging as Cillit Bang, Dettol and Nurofen, will prosper as new products such as Airwick Aqua Mist take off. Becht said: “The consumer environment is challenging, especially in western Europe and North America where there is little or no growth, but we are seeing good growth in developing markets.”The developing markets, which account for nearly a quarter of Reckitt’s sales, saw third-quarter revenue up 18 per cent, led by strong growth of its Dettol soaps, Strepsil throat lozenges, Vanish stain removers and Mortein pest control aerosol sprays.Reckitt said third-quarter underlying sales, excluding its pharmaceutical products, rose five per cent and operating profit 10 per cent, both in line with its targets, helped by the launch of products such as its Lysol/Dettol no-touch hand soap system.Reckitt sets targets for its core business, excluding its drugs arm whose main revenue generator is heroin substitute Suboxone. The pharmaceutical arm had a 33 per cent increase in currency adjusted revenue to £195m. However, it lost its exclusive licence for Suboxone in October 2009 and expects generic competition to eventually emerge and hit the division’s healthy profit.Analysts expected competition to intensify with Procter and Gamble’s Actilift stain remover being rolled out in Europe, while the US giant keeps up the pressure with its Fairy dishwash products and AmbiPur air freshener acquisition.ANDREW WOOD SANFORD BERNSTEINCITY A.M.ANALYST OF THE YEAR AWARD WINNERRECKITT Benckiser’s (RB’s) spectacular stock performance over the last decade (from below £6 in early 2000 to £36 today) has been predicated on very strong top-line growth (well above its markets) and equally strong margin growth (from 14 per cent in 2000 to 24 per cent today) driving excellent earnings growth, well above expectations and targets. This model has been somewhat lacking year-to-date in 2010 as tough markets in Europe and the US have held back growth to “only” in line with FY targets. The third quarter reporting yesterday saw more of a return to the RB of “old”…with top-line growth well ahead of the markets and profit growth ahead of expectations. Although the full-year 2010 targets were maintained, it is more likely that RB will beat those targets when it reports full-year results in February. We await more details of the SSL acquisition in the investor presentation…but overall the third quarter reporting confirms our thesis that RB remains a well-managed company despite the market pressures. However, at 16 times 2011 earning per share we see the stock as reasonably valued and continue to see few major catalysts to drive the stock forward from here. We believe that RB should over-deliver guidance, especially on EBIT/Net income. whatsapp Sharecenter_img Tuesday 2 November 2010 9:41 pm 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 More From Our Partners Native 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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.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.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼last_img read more

Serco forecasts revenue jump

first_img Serco forecasts revenue jump whatsapp Outsourcing firm Serco said it expected revenues to increase to about £5bn by the end of 2012, buoyed by strong demand from cost-cutting governments and local authorities.Serco, which runs London’s cycle hire scheme, several prisons in Britain and Dubai’s recently-opened metro, said it had signed £3.7bn worth of contracts over the course of the year, including contracts with the United States Navy.Last week Serco said it had struck a deal with the British government to cut the cost of its contracts after an earlier attempt to make its smaller suppliers shoulder the burden of savings backfired on the group.Shares in Serco climbed 4.3 per cent after the announcement.“In the current economic environment, there remains strong global demand for the efficient delivery of essential services,” Serco said. “We continue to expect an increase in revenue to approximately £5bn and in adjusted operating profit margin to approximately 6.3 per cent by the end of 2012,” the firm added.Execution Noble analyst David Brockton said the statement, as well as last week’s memorandum of understanding with the government, should help plough confidence back into the firm. John Dunne Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img Tags: NULL whatsapp Monday 15 November 2010 5:14 am Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Lifelast_img read more

Reed Elsevier halts private equity talks

first_img KCS-content Monday 22 November 2010 5:49 am PUBLISHING group Reed Elsevier has broken off early-stage talks with private equity groups Cinven and Apax over the disposal of its events branch, it emerged over the weekend, following takeover rumours on Friday that sent the shares up sharply. Cinven and Apax are thought to have approached the firm several months ago about buying the Reed Exhibitions business, which runs almost 500 events a year including property conference MIPIM and the Global Gaming Expo in Las Vegas. Shares jumped 10 per cent on Friday following talk of an unnamed suitor, with the shares eventually closing 6.5p up at 535.5p. However, a source close to the company said the talks with the private equity groups had been at a preliminary stage, and were “almost certainly over” thanks to Reed’s reluctance to sell. Dutch publisher Wolters Kluwer was also named in reports as a possible bidder, after it agreed buy Reed’s Lexis Nexis Deutschland legal database earlier this month.Reed, which publishes hundreds of consumer and trade magazines including New Scientist and Computer Weekly, said last week in an update that Exhibitions had returned to sales growth in the second half of the year, with an encouraging number of forward bookings for next year. The division made an adjusted operating profit of £478.7m in the first half of the year, a rise of four per cent on 2009. However, group margins were down, and the market for biennial conferences is expected to reach a cyclical low in 2011. Reed Elsevier declined to comment, while spokespeople for Apax and Cinven did not return calls for comment yesterday. whatsapp Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamSerendipity 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 HeraldHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldcenter_img Share Reed Elsevier halts private equity talks Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img read more

No bonus cut at Stan Chart

first_img KCS-content EMERGING markets bank Standard Chartered yesterday distanced itself from talks between the UK’s biggest banks over limiting bonus payouts.RBS, HSBC and Barclays are reportedly in discussions with each other and the government over potentially cutting 2010 bonuses as well as lending more to businesses. The UK’s five biggest banks may also contribute up to £1.5bn over two years to the government’s Big Society Bank for social projects from their own funds as well as dormant accounts.Standard Chartered is not prepared to limit benefits to its 85,000 employees as just three per cent are UK-based, head of media relations, Jon Tracey, said. “We can confirm we are not part of any pact,” he said. “It would be unfair to the vast majority of our staff to curtail compensation arrangements.” British Bankers Association chief executive Angela Knight confirmed the banks were talking to the government about pay and other issues. It is believe that an agreement signed by bank chief executives could be issued before Christmas. While, many of the banks are resisting a cap on individual bonuses, it is likely that weaker overall performances this year will naturally reduce some banks’ bonus pools. Share Thursday 25 November 2010 8:41 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalMisterStoryWoman files for divorce after seeing this photoMisterStoryZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comJournalistateCanal Drained For First Time And They Find ThisJournalistateElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCuteBizarre Hells Angels Rules, #10 Is MandatoryAlphaCute whatsappcenter_img Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼ whatsapp No bonus cut at Stan Chart last_img read more

Carlyle snaps up testing group Velosi for £87.8m

first_img Share PRIVATE equity firm Carlyle Group is buying UK testing and inspection company Velosi for about £87.8m, paving the way for Velosi to expand into new markets.Carlyle’s testing and inspection company Applus+ has made the 165p per share offer for Velosi, which supplies quality control services to oil and gas companies. The price per share represents a 61 per cent premium to Velosi’s closing price on Wednesday. KCS-content whatsapp Malaysia-based Velosi, which operates in 39 countries in Asia, the Middle East, Africa, Europe and North America, has customers including BP, Exxon Mobil and Royal Dutch Shell.Carlyle’s Applus Technologies, which serves energy industry clients in Europe and South America, may restructure AIM-listed Velosi and turn it into one of its own businesses after the deal closes.“As a result of the acquisition, the Applus+ Group will have reinforced its presence in emerging markets and broadened its service portfolio to the energy industry,” Carlyle said.Velosi’s independent directors have recommended Carlyle’s offer and investors representing about 53 per cent of Velosi shares have accepted it.JOHN LLEWELLYN-LLOYDEXECUTION NOBLEJOHN Llewellyn-Lloyd, the head of corporate advisory at Execution Noble, advised Carlyle on the acquisition of Velosi.After graduating from Oxford University, Llewellyn-Lloyd qualified as a barrister in 1984.He joined Hill Samuel Merchant Bank and became head of corporate finance and a member of the bank executive committee.The team moved to Close Brothers and Llewellyn-Lloyd became chief executive of the enlarged corporate finance group and founded its international business.He was also an executive director of Close Brothers Group.He joined Noble in 2002 and since 2003 has led the development of Noble into a growth market investment bank.At Execution Noble he heads up M&A. He has been involved in deals involving bookmaker William Hill, pub group Pubmaster, Brent Walker and brewer Scottish & Newcastle.Llewellyn-Lloyd said the acquisition of Velosi would open up opportunities for Carlyle and Applus+ in the oil and gas sector.“It’s a pretty attractive strategic deal for them,” he said.“It gets them into a new business area and gives them much broader geographical coverage.” Thursday 9 December 2010 7:24 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndo whatsapp Show Comments ▼ Carlyle snaps up testing group Velosi for £87.8m Tags: NULL last_img read more

Half of bank staff say they will quit if their bonuses are reduced

first_img KCS-content Show Comments ▼ Sunday 19 December 2010 10:49 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald ALMOST half of bank employees expect their bonus to be bigger this year than last, according to a survey – even as regulators impose draconian new bonus rules.Around the same proportion (48 per cent) say they will consider quitting if their variable remuneration is cut. Meanwhile, basic pay has gone up by an average of 17 per cent this year as financial services firms adjust their remuneration structures to compensate for tougher bonus regulations, the survey by recruiter Astbury Marsden found. “This year bonus expectations are much more at odds with reality than usual,” said Astbury Marsden managing director Jonathan Nicholson. whatsapp Half of bank staff say they will quit if their bonuses are reduced center_img Share whatsapp Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more

BC eyes Phones 4U deal

first_img KCS-content PHONES 4U could soon be snapped up by BC Partners after talks were resumed despite an earlier stalemate.It is thought BC could offer in the region of £700m to take control of the firm from Providence Equity Partners.Providence has been mulling a sale since September after a number of firms signalled their interest in the company. Talks with BC are understood to have dragged on for several months before being put on ice.BC Partners and Phones 4U were unavailable for comment last night.Providence bought Phones 4U from founder John Caudwell in 2006. A sale would result in a second windfall for Caudwell. He kept a small stake in the business after raking in £1.5bn from selling his empire four years ago. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap whatsapp Tags: NULL whatsapp Sharecenter_img Show Comments ▼ BC eyes Phones 4U deal Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Sunday 20 February 2011 11:15 pm last_img read more