Lego pieces together a strong half year’s results

first_img 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 TimesBetterBe20 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 Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleTrendscatchersRude Man On Plane Doesn’t Realize Who’s Behind HimTrendscatchers KCS-content Lego pieces together a strong half year’s results 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 Show Comments ▼ whatsapp Sharecenter_img whatsapp Wednesday 8 September 2010 8:02 pm Tags: NULL TOY manufacturer Lego, famed for its colorful building blocks, yesterday reported a 34 per cent jump in sales to 5.86bn Danish krona (£646.7m) in the first half of the year.The company said Hollywood-branded tie-ins on films like Toy Story and Prince of Persia and a new range of board games had helped to produce the healthy figures. UK boss Marko Ilincic said Lego is on track for a sixth-consecutive year of growth, with new Harry Potter products launching before Christmas.Classic ranges, including Lego City, Lego Duplo, Lego Star Wars, Lego Creator and Lego Technic maintained growth.However, the Danish-based company warned that it would be making “stringent” cuts to costs as the recovery in the wider toy market remains uncertain. last_img read more

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Citigroup profit tops expectations

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity 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 Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald John Dunne Citigroup profit tops expectations Tags: NULL More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comcenter_img Monday 18 October 2010 9:57 am Citigroup reported a better-than-expected quarterly profit on Monday as credit losses slowed and the bank set aside much less money to cover bad loans.Analysts said the results were mixed. Revenue rose slightly from a year earlier but fell from the second quarter, and the bank dipped into reserves to cover bad loans. Investors expressed concerns about how a widening foreclosure crisis could affect the bank’s earnings.“Earnings are OK and revenues are light, but the key will be their comments on foreclosures,” said Michael Holland of Holland & Co in New York.In the past month, US government officials have launched probes into the banking industry’s foreclosure practices following allegations that thousands of home foreclosures may have been illegal because they were improperly documented.Citigroup has repeatedly said its document review process is sound, and it has declined to follow large rivals, including Bank of America Corp and JPMorgan Chase and Co, in suspending foreclosures.Like stronger competitor JPMorgan, Citigroup beat third-quarter earnings expectations in part by releasing money it had set aside to cover bad loans.Analysts, who tend to discount earnings powered by reserve releases as “low-quality,” have questioned how bank profits can keep growing if a sluggish economy results in low loan demand and relatively high credit losses.“It’s a problem for all the banks now – they have trouble raising revenues,” said Matt McCormick, portfolio manager, Bahl & Gaynor Investment Counsel Inc.“Reducing loan loss reserves is not something you can do indefinitely – eventually, they’ll get to the point where they’ll say, ‘We can’t keep going down this path.’”The third-largest U.S. bank by assets posted a third-quarter profit of $2.2bn (£1.4bn), or seven cents per share, compared with a year-earlier loss to shareholders of $3.2bn, or 27 cents per share.On an ongoing basis, excluding an $800m pre-tax loss on the sale of its student lending operations, Citigroup earned $2.6bn, or eight cents per share.Revenue was the lowest of any quarter this year at $20.7bn.Citigroup, which is still 12 per cent owned by the US government, has recovered from the worst of the losses that forced it to take three bailouts in 2008 and 2009. But like its rivals, it has struggled to make new loans this year. Show Comments ▼ whatsapp whatsapplast_img read more

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CIT Group’s bounce-back accelerates

first_img whatsapp Tags: NULL 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 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 CIT Group’s bounce-back accelerates Show Comments ▼center_img 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 PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoStuff AnsweredBest Meal Delivery for SeniorsStuff AnsweredUndoArticles StoneMarine Wears Uniform To Graduation, School Ended Up Doing This To HimArticles StoneUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndo Tuesday 26 October 2010 7:39 pm CIT GROUP, the US commercial lender that last year emerged from bankruptcy, reported a forecast-beating quarterly profit yesterday, and revised upwards its profit for the first half of the year after an accounting review. The bailed-out US lender said net income for the third quarter was $131.5m (£83m), taking the total income for the nine months to the end of September to £418.3m. New York-based CIT lost $1.07bn in the run-up to the bankruptcy and financial restructuring in the comparable year-earlier period.The company said its latest third-quarter results reflect increased business activity as funded volume exceeded $1bn.“Our balance sheet remains strong and capital ratios rose, as we paid down high-cost debt, further optimised our portfolio and improved our funding flexibility,” said chief executive John Thain, who has sold off many of the firm’s non-core assets and cut jobs since joining in January 2009. CIT filed one of the largest bankruptcies in US history in November 2009, causing the government to lose $2.3bn of federal cash used to bail out the firm in December 2008. KCS-content whatsapplast_img read more

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HMV pins its hopes on DVD Xmas sales

first_img MUSIC, games and books retailer HMV says releases of films such as Sex and the City 2 and Toy Story 3 will help its key Christmas period as it tries to bounce back from a disappointing start to the year.“All I can say about Christmas is that the release schedule in particular is looking healthy,” chief executive Simon Fox said on the sidelines of the World Retail Congress in Berlin. Our like-for-likes were very disappointing in the first 18 weeks. It’s a tough year for us.” HMV, which also owns live music venues, in September reported a worse than expected 15 per cent drop in first-quarter sales in Britain and Ireland.Fox said live music bookings at its venues for the period up to Christmas were also looking healthy and that its foray into clothing sales had started well.“So far, so good, but it’s early days,” he said, pointing out that the line was only launched in September. He declined to comment on the outlook for 2011 although was looking forward to the launch of Nintendo’s D’Alema player, which he said would be a “huge product”. Nintendo had said last month that it was putting the Japan launch date for the product, which can be used without special glasses, back to late February from November, close to the US March launch date. However, Fox said: “As far as I am concerned they did not delay the launch. We always expected an Easter launch.” 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 whatsapp HMV pins its hopes on DVD Xmas sales Tuesday 26 October 2010 7:55 pm whatsapp center_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was 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.com Share KCS-content Tags: NULLlast_img read more

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CITY MOVES | WHO’S SWITCHING JOBS

first_img 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 Tags: NULL AvevaThe engineering software group has appointed James Kidd to its board as its new chief financial officer, effective from the beginning of next year. He replaces Paul Taylor, who has been finance director for the past decade.Kidd, 40, has been at Aveva since 2004, including four years as head of finance. A chartered accountant, he previously worked for Arthur Andersen and Deloitte clients on transactional and audit engagements.GE CapitalGE Capital has named Paul Scott as the new chief investment officer and head of sponsor coverage for its leveraged finance business in Europe and the Middle East.Scott has been at the firm for almost three years as head of sponsor coverage in the UK. He has also worked in the past at Merrill Lynch, Barclays and Bank of Scotland.Legal & General PropertyThe property fund management firm has hired Tom Carlton as a research analyst and Henry MacInnes as a senior asset manager of its linked pensions fund.Carlton joins from Property Market Analysis (PMA) and will focus on the retail sector. MacInnes, who will support linked pensions fund manager Will Edwards, joins from Endurance Land, where he concentrated on acquisitions, asset management and refurbishment opportunities around central London.Barclays WealthThe private bank has appointed Andrew Corlett as chairman of the board of its Barclays Private Clients International (BPCI) division, based in the Isle of Man.Corlett is managing director of legal and professional services group Cains.DLA PiperThe law firm said yesterday that Lord (Tim) Clement-Jones is to become its office managing partner in London, effective from 1 January.Clement-Jones, currently head of international business relations, has been with DLA Piper since 1999. Prior to that, he was company secretary at Kingfisher. He is also the treasurer of the Liberal Democrats until December this year, and was made a life peer in 1998. 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 FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.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 Solution4 Worst Blood Pressure MedsBlood Pressure Solution whatsappcenter_img Share CITY MOVES | WHO’S SWITCHING JOBS Show Comments ▼ KCS-content Wednesday 10 November 2010 7:25 pmlast_img read more

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Simon Property bids £3bn for mall owner CSC

first_img whatsapp Simon Property bids £3bn for mall owner CSC Wednesday 15 December 2010 3:39 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm John Dunne Simon Property Group, in a struggle for control over Capital Shopping Centres, has proposed a 425 pence per share offer valuing the British mall owner at about £3bn.The offer was at a seven percent premium to CSC’s closing price on Tuesday and a premium of 16 per cent to a separate deal in which CSC wants to issue shares to acquire the Trafford Centre shopping mall, Simon Property said.“We should work together to announce a recommended offer, and would urge you to listen to calls from your shareholders — many of whom we have spoken to — opposing the Trafford Centre transaction or asking you to adjourn your forthcoming EGM,” Simon Property said in a letter to CSC’s board.Peel Group, set to take a near 20 percent stake in CSC through its sale of the Trafford Centre mall in Manchester, had said on Monday the deal was for a long-term investment in CSC, and not for cash.The Trafford deal will be subject to a shareholder vote on 20 December. center_img Tags: NULL Show Comments ▼ whatsapp 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 Proof Sharelast_img read more

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A banker-free dystopia: affordable houses in SW3 and cut-price Astons

first_img Tags: NULL A banker-free dystopia: affordable houses in SW3 and cut-price Astons whatsapp GO on, admit it, I won’t tell anyone. Don’t you think, if you’re being honest with yourself, that London would be a better place if we weren’t the financial capital of the world? Just imagine it. Houses in Chelsea and Hampstead would become affordable to mere mortals – anyone for Cheyne Walk? The Flaming Ferraris, the £45,000 dinner bills, the red braces, basement swimming pools, inequality and even sexism itself would be banished. Bonuses would no longer make you green with envy, because they would just be a faded, painful memory, like over-the-counter derivatives. The housing crisis – permanently solved as Canary Wharf and the Gherkin are all turned into surprisingly affordable flats. Second-hand Aston Martins picked up for a song by key workers as City traders pawn them off, and tables available once more at Chez Nicos. The bankers got their just deserts, with a whole industry of spivs given the Nick Leeson lesson. A mass exodus to Frankfurt, New York or Singapore? Bring it on. Bliss would it be in that dawn to be alive. But to be young, very heaven! It is true that as a young trendy lefty economics correspondent of the Observer covering London and Frankfurt vying for the crown in the 1990s, I used to enjoy shocking people by saying that I wished Frankfurt would win so I could afford to buy a house. It was a joke, of course, but it was surprising how many people nodded vigorously in agreement. And they still would. There is no doubt that many people don’t really want London to continue to be the financial capital of the world. It is a strain of thought that underlies much debate about financial services, but is so shy it only usually comes out in polite society as a question. If you warn in a broadcast interview that London’s position as a financial services capital is threatened, then quick as a flash you are asked: “What’s the problem with that?” Only militant unions and their more green-eyed fellow travellers openly say we don’t want the bankers here. But many mainstream politicians are pretty sympathetic to the idea that we need fewer bankers. Just listen to their rhetoric – when they indulge in banker bashing, do they balance it by saying that of course we mustn’t overreact and it is in our interests that London must retain its position as a financial capital? Only a few notable exceptions – such as the Chancellor – do. I trust – gentle reader of City A.M. – that I don’t need to rehearse with you the reasons why we should want London to remain the world’s financial capital (except to mention the £60bn paid in tax, and the 1m UK jobs). But persuading the rest of the country that we should want this is fundamental to reaching a new settlement over financial services. If people secretly want bankers to leave, then they are never going to worry about bashing them too hard while they are still here. If they ain’t leaving, the medicine ain’t working, is the thinking. It is essential that the public, commentariat, and political class support the principle of London remaining a global financial capital. And that means bankers must worry about public opinion. Before the crisis it didn’t really matter if they followed the Millwall strategy – “no one likes us, but we don’t care”. Bankers may not worry about what the public think, but the politicians who dictate tax and regulation do. Financial services companies shouldn’t stick their heads in the sand, but should embrace the British public. Once we decide as a country that our clear, unequivocal long term goal is that we want London to remain as a financial services capital, then all else follows. Taxation and regulation won’t be the products of short-term domestic political tactics, but of a long term strategy of ensuring that London has a competitive and predictable regime that will encourage global financial services companies to invest here. Out goes unilateral punitive action, replaced by an internationally co-ordinated response. The global banking chiefs based in New York or Shanghai, recoiling in horror at the banker bashing in London that is unparalleled in any other financial centre, ask us this simple question when they are making their investment decisions: “Does London actually want to retain its position?” So go on: say you want London to remain a global financial capital. You know that you do. Now we just need to persuade the doubters that they should too.• Anthony Browne is policy director for the Mayor of London, Boris Johnson. His regular weekly City A.M. column starts on Thursday. Sunday 9 January 2011 10:29 pm KCS-content Share whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comlast_img read more

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No deal on pay transparency

first_img THE government is unlikely to win concessions on pay transparency for banks but will instead secure a promise to increase lending to small and medium-sized businesses.Despite a campaign by some politicians, who have called for banks to reveal how many employees receive over £1m in pay, divisions among banks make it unlikely that an agreement will be reached. Banks with a high portion of their revenues drawn from abroad – including HSBC, Barclays and Standard Chartered – have argued that revealing how many employees receive over a certain threshold would cause less well-paid employees to demand pay rises, causing wage inflation. They say that such rules should only be implemented if they are global to ensure “a level playing field”.Instead, banks will commit to increase their lending to small businesses by some £10bn.However, a lack of cooperation on pay transparency is likely to stir divisions within the coalition government. The Liberal Democrats have championed transparency.Lib Dem Treasury spokesman Lord Oakeshott said yesterday: “We are not going to be blackmailed.” He added that “the bonus problem… is the number one item in our coalition agreement”.He also emphasised the difference between the Tories’ position and that of his party, saying: “David Cameron is a Conservative prime minister, but that doesn’t mean we’re not going to implement the coalition agreement.”Further action on bankers’ pay has been championed by business secretary Vince Cable, but he is keeping a low profile after making unguarded statements about Rupert Murdoch to undercover reporters in December. whatsapp 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.comConnecticut man dies after crashing Harley into live bearnypost.com Show Comments ▼ KCS-content Share whatsapp Tags: NULL No deal on pay transparency Sunday 9 January 2011 11:05 pmlast_img read more

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UBS delays its global bonus announcement

first_img UBS delays its global bonus announcement KCS-content whatsapp Thursday 3 February 2011 8:21 pm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com THOUSANDS of UBS employees will have to wait an extra week to receive their bonuses, according to an internal memo that a spokesperson confirmed to City A.M. last night. UBS has delayed most of its bonus announcements and promotion decisions in what it said was a drive “to ensure high quality execution of the payment process” and to make sure that regulatory changes have been accounted for in every country. American staff will now learn the size of their bonuses on 16 February, rather than 9 February as planned, with payments to be made in early to mid-March. It is thought that employees in the UK will hear about their bonuses at the end of the month as originally planned. The Swiss bank declined to comment on reports that the bonus pool was being modified due to fears that the pending payouts will be insufficient to retain its top bankers. UBS is due to report its fourth-quarter and full-year results next Tuesday, with analysts predicting quarterly net profits of up to Swfr1.5bn (£983m).The bank scaled back bonuses for senior staff last year after it missed internal profit targets, following criticism from Swiss regulators. Sharecenter_img whatsapp Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndo Tags: NULLlast_img read more

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Break up the banks, says Hoenig

first_img whatsapp Show Comments ▼ KCS-content More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Break up the banks, says Hoenig Banks seen as “too big to fail” pose a danger to the American economy, outspoken Federal Reserve official Thomas Hoenig said last night. “We must break up the largest banks, and could do so by expanding the Volcker Rule,” he said, endorsing “Glass Steagall-type” provisions that aim to prevent risky activities. Wednesday 23 February 2011 8:39 pm whatsapp Share Tags: NULLlast_img read more

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