Underground workers vote to strike

first_img KCS-content Show Comments ▼ Underground workers vote to strike whatsapp Wednesday 11 August 2010 8:38 pm Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot LONDON?could be plunged into transport chaos after rail union RMT’s members voted overwhelmingly in favour of strike action.The underground workers are furious the government is pushing ahead with tough cost cuts they say could total more than £4bn over three years.It is thought station and ticket staff are likely to bear the brunt of the cuts. The union also says vital maintenance work will be affected.The union now has 28 days to decide whether it will stage a walkout that could bring the capital grinding to a halt.A spokesman for RMT said: “If you start cutting back on these key staff it will impact on the entire system. It won’t just affect our members, it will affect the transport-using public.“We also fear this is just the first wave of cuts that could badly affect the underground network. We want assurances this won’t happen.”Members of the union voted 76 per cent in favour of strike action and 88 per cent of action short of striking.It will now liaise with sister transport union TSSA, which will announce its own ballot result next week. whatsapp Tags: NULLlast_img read more

Sanofi digs in for long siege of Genzyme

first_imgMonday 30 August 2010 9:03 pm Share Tags: NULL GENZYME boss Henri Termeer has barely had time to catch his breath.Less than three months ago, the chief executive of the largest biotechnology specialist in Massachusetts saved his skin by settling a prolonged tug-of-war with activist investor Carl Icahn. Icahn, a tough character with a record of forcing management changes at portfolio companies, had demanded Termeer’s removal after a series of health and safety disasters.Termeer survived by appointing two of Icahn’s associates, Steven Burakoff and Eric Ende, to the board. But Termeer’s position remains far from comfortable. After 25 years at the helm he is unavoidably linked to Genzyme’s longstanding manufacturing difficulties, and several other shareholders – including New York-based Matrix Asset Advisors – are known to want him out.Sanofi-Aventis’ aggressive $18.4bn (£11.9bn) bid has now sent Termeer reeling again. At a time when his stock is so low with Genzyme’s investors, the top man will not relish the increasingly likely prospect of the French predator turning hostile.Sanofi may have made its name selling fast-acting drugs such as Plavix, which prevents heart attacks, but insiders say chief executive Chris Viehbacher will dig in and take his time. On Sunday, he sent Termeer a “bear hug” letter reiterating his $69-per-share offer and warning that refusal to engage would “serve only to further delay” the realisation of value for Genzyme’s shareholders. Sanofi digs in for long siege of Genzyme KCS-content center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 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 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 HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd Show Comments ▼ whatsapp whatsapplast_img read more

Canada forces BHP to extend Potash offer

first_img Canada forces BHP to extend Potash offer Tuesday 21 September 2010 8:16 pm MINER BHP Billiton was yesterday forced to extend the deadline for its offer for Canada’s PotashCorp by a month to comply with regulatory requests for extra information.PotashCorp investors now have until 18 November to accept, though analysts at Citigroup warned shareholders may prove unwilling to sell up unless BHP raises its $130-per-share offer – a move seen as unlikely unless a counter-bid emerges.“The probability of a white knight [emerging] or of BHP overpaying is low, in our view, hence we see a risk the deal may not proceed,” Citi said.However, BHP first faces the hurdle of convincing authorities in Canada and the US of the merits of its bid, which must be judged of “net benefit to Canada” before it can proceed.The Canadian Competition Bureau issued a supplementary information request on 20 September, forcing the extension of the acceptance deadline.BHP insisted it remains “confident that the offer will receive all requisite regulatory approvals in due course”, though it must also win over the US Federal Trade Commission, officials from PotashCorp’s home province of Saskatchewan and Investment Canada before it gets the green light.Liberum Capital’s Dominic O’Kane said the information request suggested BHP “remains in the driving seat” in talks with the regulator, though it will give counter-bidders extra time.PotashCorp is currently attempting to put together a white knight bid from a consortium in China. KCS-content 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Share whatsapp Show Comments ▼ whatsapp Tags: NULLlast_img read more

Banks urged to cut dividends

first_img Share Sunday 10 October 2010 11:56 pm More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org A more proactive supervisory policy forcing banks to cut dividend payouts in times of stress may help shield the economy from future credit shocks, Boston Federal Reserve Bank President Eric Rosengren said yesterday.Rosengren, speaking at an event on the sidelines of International Monetary Fund (IMF) meetings, said banks were slow to cut payouts in the early stages of the 2007-2009 financial crisis as their management did not want to signal weakness, and regulators were slow to respond. Tags: NULL whatsappcenter_img 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 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.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farminvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.com whatsapp Show Comments ▼ Banks urged to cut dividends last_img read more

Eurozone duo urge Ireland to seek aid

first_img KCS-content Portuguese finance minister warns crisis will spread across EuropeEU finance ministers set to meet today for emergency talksGreece revises deficit up for a third time as it breaches bailout termsIRELAND was under mounting pressure last night to accept a European or International Monetary Fund (IMF) bailout as both Portugal and Spain warned contagion from its crippled banking sector could spread.Portuguese finance minister Fernando Teixeira dos Santos said his country faced the real danger of requiring a bailout from Brussels after Ireland confirmed it had begun preliminary talks over its debt problems. “There is a risk of contagion. The risk is high because we are not facing only a national problem. It is the problems of Greece, Portugal and Ireland. This has to do with the Eurozone and the stability of the Eurozone, and that is why contagion in this framework is more likely.”His comments sent the euro lower against the dollar, with German chancellor Angela Merkel raising the spectre of the euro collapsing as she warned: “If the euro fails, then Europe fails.”Meanwhile, Bank of Spain governor, Miguel Ángel Fernández Ordóñez, a member of the European Central Bank, added to mounting pressure on Ireland to accept help telling a banking conference in Madrid that he expected an “appropriate reaction” by Ireland to calm markets.Ordóñez said: “The situation in the markets has been negative due in some part to the lack of a decision by Ireland. It’s not up to me to make a decision on Ireland, it’s Ireland that should take the decision at the right moment.”Both men were speaking ahead of a meeting of finance ministers, scheduled for today in Brussels to discuss the growing economic crisis.Yesterday, Irish ministers continued to insist publicly that they did not require a European bailout to help meet the cost of repaying the country’s debts. Ireland’s Europe minister said such rumours were “very, very dangerous”. But he admitted: “There is continuous talk going backwards and forwards about the level of our debt but the suggestion that constitutes going to the IMF or a bailout is just irresponsible.” And Irish minister for enterprise, trade and innovation Batt O’Keeffe, insisted the government had not discussed a bailout with the EU and had funding until mid-2011. But Michael Noonan, finance spokesman of Ireland’s opposition Fine Gael party, piled on further pressure by suggesting the rumours that the government had already sought European help were true saying: “I think there is a European intervention underway.”The Republic was also hindered by the revelation that Ireland’s banks received an additional €20bn (£17bn) in emergency liquidity funding from the Irish central bank between 27 August and 29 October. At the same time Irish banks have seen support from the European Central Bank jump to €90bn.Portugal, Spain, Greece and Italy have all seen the spreads on their bond yields widen over the last month on the back of continuing uncertainty about Ireland’s financial stability. But the reports that Ireland was holding bailout talks with the EU helped ease pressure on Irish borrowing costs yesterday, with the yield on benchmark 10-year Irish bonds easing to 8.1 per cent from a peak of over nine per cent last week. The premium that investors demand to hold Irish 10-year bonds over benchmark German bunds also fell to 545 basis points, down from a record 652 basis points last Thursday.The news came as the EU’s statistics agency Eurostat revised Greece’s 2009 deficit up for a third time, to 15.4 per cent of GDP compared with a previous 13.6 per cent estimate. Greek Prime Minister George Papandreou said the country would stick to its deficit reduction programme but also warned Germany’s insistence on a future mechanism for banks and bond markets to share the pain of any Eurozone sovereign debt default from 2013 could break some EU economies. Eurozone duo urge Ireland to seek aid whatsapp Monday 15 November 2010 9:20 pm whatsappcenter_img Show Comments ▼ Share Tags: NULLlast_img read more

CITY GENTS DON THEIR TOP HATS FOR RACES

first_img whatsapp 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 Famous, Now She Works In {State}MoneyPailSerendipity 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 HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam CITY firms will be flocking to Newbury Racecourse for its “gentlemen’s day” on Friday, with the venue reporting a 30 per cent year-on-year jump in corporate bookings from City firms. Firms signing up for the event include Cushman & Wakefield, Publicis and Arbuthnot Securities – but what, you may ask, is a “gentlemen’s day”, other than a Victorian euphemism?It is, essentially, a day for dressing in the finest of tails and having a flutter on whichever horse takes your fancy, with champagne and wine aplenty. And to add to the competitive instincts of the lucky City folk being entertained, the racecourse will be running a “best-dressed” competition, to be judged by a panel including the fashion blogger Prince Cassius – dubbed Britain’s “best-dressed man” by GQ.All participants needs do to enter the competition is show up in a spiffy outfit, since there will be designated spotters in the crowds, with preference given to “traditional” attire (time to dust off your grandfather’s top hat). Arbuthnot Securities director Rob Saunders said that he’s “sure all the guys will be keen to win the best-dressed gentleman this year for Q Club membership, which would go down very well in the bragging stakes!”Women are, alas, excluded from the dressing competition – the racecourse runs a “ladies’ day” in August due to women’s preference for faster flat-racing instead of racing with jumps. INCOMMUNICADOFinancial Services Authority head of communications Tom Kelly (picured, top right) has had a turbulent few months to settle into his role since April, what with the government partially abolishing the FSA and all. But after stints as spokesman for Tony Blair and BAA, he’s surely an old hand at handling public inquiries?Perhaps not. It seems that the FSA’s comms chief has adopted a curiously reticent policy towards… well, communicating. Attempts to reach him at his domain in the FSA – the press office – drew a blank. Couldn’t he just come to the phone? The Capitalist wondered. “You have to go through the press office,” came the peculiar reply. Would that be the press office Kelly runs?When The Capitalist did finally manage to track him down on his mobile, he had a brief summary of his position: “I don’t speak to the press.” Let’s hope he never has to communicate anything urgent!IRISH LOVETempers are on the boil in Ireland over the bailout fiasco, and the country’s tabloids are going to town with their splashes. The pictures of Prime Minister Brian Cowen giving yet another lacklustre statement in front of his Cabinet yesterday provided ample caption fodder. But while the Irish Independent went for the rather gentile “The Long Goodbye”, others weren’t so kind. The Irish Daily Star instead chose “Useless Gobshites”.But it seems that Cowen is no stranger to this cruel treatment. A friend was in touch today to point out a longstanding nickname for the PM in the Irish press, who’s from Offaly: BIFFO. We’re told the first two letters stand for “Big Ignorant”, but what in the world could come next?VETERANS’ LUNCHFor those in the mood for swapping stories of past stock market woes over a good burger today, head to the Bangers Bar & Grill, where the Stock Exchange Veterans Association will hold its annual general meeting at 12.30pm today. Stockmakers of any age and inclination are invited. Tuesday 23 November 2010 8:45 pm Share KCS-content CITY GENTS DON THEIR TOP HATS FOR RACES whatsapp Show Comments ▼last_img read more

Amazon plans LoveFilm buy for £200m

first_img Show Comments ▼ Amazon plans LoveFilm buy for £200m Monday 3 January 2011 10:15 pm whatsapp Tags: NULL KCS-content center_img Share More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com AMAZON is planning a buy-out of the online DVD rental company LoveFilm, which would value the firm at £200m. The online retail giant already owns 42 per cent of LoveFilm after a deal in 2008 when it sold its DVD rental arm to the company. The cost of a buyout would therefore be around £116m.With reports suggesting that LoveFilm chief executive Simon Calver has begun planning an initial public offering, a deal with Amazon could pre-empt the float. LoveFilm generates revenues by allowing users to rent several DVDs per month for a subscription fee: the films requested are sent by post. It also allows its customers to download some films and recently struck a deal with MGM to make the Hollywood studio’s movies available to subscribers.Its revenues soared by a third to £97m in 2009 and it boasts over 1.25m users across Europe.Aside from Amazon, its current major shareholders include Balderton Capital, Arts Alliance Media, DFJ Esprit and Index Ventures and it is partnered with several other entertainment services such as Odeon Direct and Tesco DVD.Calver claims that the company’s strategy is to expand its “hybrid model” of renting out both physical DVDs through the mail and via download. Despite its success, LoveFilm’s revenues will still be a drop in the ocean for Amazon, which generated global revenues of $7.6bn in the third quarter of last year.Amazon declined to comment.FAST FACTS | LOVEFILM● Merged with Video Island in 2006.● Has a presence in UK, Germany, Sweden, Norway and Denmark and rents out over 1m DVDs per week.● Based in Peterborough, UK. last_img read more

Sanofi-Aventis unions call for strike action in France

first_img Share KCS-content Show Comments ▼ whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comConnecticut man dies after crashing Harley into live bearnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.com UNIONS at Sanofi-Aventis have called on staff in France to strike today to fight plans to cut jobs at the French drugmaker.A group of nine trade unions representing staff at Sanofi said the company was seeking to scrap 916 jobs, adding that 2,700 jobs had been cut at the company since the merger between Sanofi and Aventis in 2005.“The reality is that these job cuts are part of a vast €2bn (£1.7bn) savings plan that group management wants to achieve by 2013. All the group’s businesses are affected,” the unions said in a statement yesterday.A spokesman for Sanofi said the group had not announced any new job cuts since unveiling a reorganisation of its French commercial division last month that would lead to 575 out of 2,800 jobs going by the end of this year.The spokesman said the unions had reached the figure of 916 by adding 260 unoccupied posts, and 81 staff who will be expected to change roles. center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal 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 AthletesBetterBeUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndo Sanofi-Aventis unions call for strike action in France Tags: NULL Tuesday 4 January 2011 7:12 pm whatsapplast_img read more

RICS calls for more help for housing in the Budget

first_img THE ROYAL Institution of Chartered Surveyors called on the government to support the construction industry and housing in particular yesterday in its pre-Budget letter to the Treasury. RICS said the sector accounted for more than 1.4m jobs in the UK, and that VAT exemptions, more affordable homes and simpler government procurement is needed in the next Budget to aid growth. RICS said the government should make an effort to attract large investors to residential property, through tax changes and also by broadening access to the real estate investment trust (REIT) structure to include housing. It estimated that the VAT rise to 20 per cent could cost the construction sector up to 34,000 jobs by 2019, adding that repair work on homes should be subject to a reduced rate.Director of external affairs Mark Goodwin said house-building is at a “desperately low level”. RICS calls for more help for housing in the Budget whatsapp THE ROYAL Institution of Chartered Surveyors called on the government to support the construction industry and housing in particular yesterday in its pre-Budget letter to the Treasury. RICS said the sector accounted for more than 1.4m jobs in the UK, and that VAT exemptions, more affordable homes and simpler government procurement is needed in the next Budget to aid growth. RICS said the government should make an effort to attract large investors to residential property, through tax changes and also by broadening access to the real estate investment trust (REIT) structure to include housing. It estimated that the VAT rise to 20 per cent could cost the construction sector up to 34,000 jobs by 2019, adding that repair work on homes should be subject to a reduced rate.Director of external affairs Mark Goodwin said house-building is at a “desperately low level”. whatsapp whatsapp KCS-content KCS-content RICS calls for more help for housing in the Budget whatsapp Share Tags: NULL,Wednesday 16 February 2011 8:41 pm Show Comments ▼ More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.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.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.comKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Wednesday 16 February 2011 8:41 pm Share Tags: NULLlast_img read more

Glencore hires eight banks to handle its IPO

first_img whatsapp More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com KCS-content COMMODITIES giant Glencore has taken on five additional banks to help it prepare for its possible float, sources yesterday told City A.M. Swiss-based Glencore now has eight banks working on its IPO plan, which analysts have said will value the firm at up to $60bn (£37.3bn). While Glencore has not officially confirmed that it will float, the firm has arranged an analyst meeting in the City next week to convince observers of the company’s value, in a move typically seen as the start of an IPO process. Goldman Sachs and Bank of America Merrill Lynch are thought to be among the five new banks recently hired by Glencore, though neither commented yesterday. Glencore’s existing banks – Citigroup, Credit Suisse and Morgan Stanley – either declined to comment or did not answer calls yesterday. Glencore also refused to comment. Sources have previously said that Glencore is looking to raise up to £10bn in the London and Hong Kong markets, but a final decision on the float, its location or a target amount has not been announced. Meanwhile, it was yesterday said that sovereign wealth funds in Qatar and China were in talks with Glencore over a possible investment role in the float. The Qatar Investment Authority declined to comment, while the China Investment Corporation was not available. Glencore posted a turnover of $106.4bn last year. It has assets valued at $66.3bn and owns a third of FTSE 100 miner Xstrata.FAST FACTS | GLENCORE FLOAT● Swiss firm Glencore is currently wholly owned by management and employees● A float could be the biggest of 2011 if it goes ahead, allowing the firm to cash in on runaway demand for exposure to commodity prices Glencore hires eight banks to handle its IPO Share whatsapp Sunday 27 February 2011 11:51 pm Show Comments ▼ Tags: NULLlast_img read more

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