Pain must always come before gain

first_img Share KCS-content Thursday 27 January 2011 9:16 pm whatsapp CREDIT rating agencies have come in for a lot of flak, not least in this newspaper, but yesterday they proved that they can still tell the Emperor it has no clothes. The downgrade of Japan’s credit came as a stark reminder that government debt will be the new sub-prime. It certainly ought to serve as a wake-up call to any politician stupid enough to believe that a country can keep on adding to its national debt without any consequences. Standard & Poor’s, the agency that rightly downgraded Japan for the first time in nine years, blamed a lack of a “coherent strategy” to reform the economy and tackle its liabilities. Quite right – Japan’s decades-long inability to sort itself out is a depressing reminder that even great economic superpowers can go into permanent relative decline if they make the wrong choices. This issue, while fundamental, is never sufficiently reflected upon; the modern political cycle is far too short-termist and parochial for that.Fortunately, the UK is not Japan. Britain is gradually beginning to turn a corner with its budget deficit, even though the national debt is still growing at a sickening rate. The deficit has so far reached £118.4bn in the financial year to date, down £8.4bn from £126.8bn recorded in the same period a year ago. The final, full fiscal year shortfall may end up slightly under the Office for Budget Responsibility’s £148.5bn forecast. But what is starting to rattle some in the gilts markets, however, is the collapsing support for the coalition – Labour is 6 points ahead at 44 per cent in this morning’s YouGov/Sun opinion poll, while the LibDems are languishing at a disastrous 8 per cent. Elevated inflation levels are also putting upwards pressure on gilt yields. Yesterday’s poor consumer confidence figures aren’t helping sentiment towards UK assets either. There is a real risk that the four-year austerity programme mapped out by the coalition will never see the light of day. Labour’s policies are now the most left-wing they have been since the 1980s – though a Prime Minister Ed Miliband would eventually be forced to push through much of the same tightening as the coalition is planning, the rise in Labour’s political fortunes is beginning to make some large global funds nervous. All of this will push up the cost of borrowing for the government and the private sector.Huge reforms – tax, regulatory, spending, welfare, health, education, energy and transport – are needed if Britain is to be brought back to health and become competitive once again. Yet countries are not doomed to decline. One of the greatest structural recovery stories of the past few years is that of Germany. Hermes Fund Managers calculates that since the birth of the euro, unit labour costs in the Eurozone have risen 20 per cent relative to its trading partners. But Germany, almost uniquely, has bucked this trend: it has cut its relative costs by 2 per cent, while Spain and Italy allowed theirs to surge 25 and 34 per cent. This is the main reason why Germany enjoyed a veritable economic boom in 2010. The country’s post-war growth miracle slowed in the late 1970s and the 1980s, before grinding to a halt after reunification in 1989. Its return to success represents a remarkable turnaround. If Germany can do it, so can the UK – and even Japan. But it can’t be done without strong and determined political leadership – and a public that accepts that pain must come before gain. [email protected] me on Twitter: @allisterheath Pain must always come before gain center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe 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 AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads whatsapp Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.com Tags: NULLlast_img read more

Deutsche Bank’s fourth quarter hit by costs

first_img alison.lock Show Comments ▼ Monday 31 January 2011 3:35 pm Deutsche Bank’s fourth quarter hit by costs Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof Sharecenter_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 AthletesBetterBeUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoAlphaCute30 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 whatsapp Germany’s leading investment bank, Deutsche Bank, has reported fourth-quarter pre-tax profit well below estimates.Higher costs from a restructuring exercise and the integration of Deutsche Postbank and Sal. Oppenheim reduced its pre-tax profit to about €700m (£600m), according to unaudited preliminary figures.The figure falls well below a €1.29bn average profit forecast by analysts.Deutsche Bank said net income came to about €600m, down from €1.3bn in the same period a year earlier, and below the consensus estimate of €889m.It recorded a €6.4bn one-off cost from the restructuring in the quarter.The bank is due to publish full fourth-quarter results on Thursday. Tags: NULLlast_img read more

Revenue flat at TalkTalk as users leave

first_img KCS-content Revenue flat at TalkTalk as users leave whatsapp Share whatsapp TALKTALK lost 25,000 broadband subscribers in its third quarter, as problems with its labyrinthine merger continued to bite.Billing issues were at least partly responsible for the churn, which left TalkTalk with 4.22m subscribers.However, the firm said this was partly offset by an increase in average revenue per user.Customers spent an average of £24.90, up from £23.80 a year earlier, keeping revenues flat at £444m.The company reaffirmed its guidance of growing revenue for the year by six to eight per cent, helped by unbundling its customers from BT’s exchanges, which enables it to keep more revenue.Around 85 per cent of customers are now unbundled with Harding aiming for 93 per cent by 2013. Harding said the company would step up the promotion of its mobile services, which operate on Vodafone’s network, and would add YouView television when the internet-connected TV service launches later this year.Chief executive Dido Harding said: “One of the reasons why we are not focused on driving our customer base up is the opportunity to increase our revenue as customers take more products from us.“We are seeing our average revenue per user growing on the back of more customers taking our fully unbundled phone and broadband package.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBecenter_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut Show Comments ▼ Tuesday 8 February 2011 8:47 pm Tags: NULLlast_img read more

AssetCo slumps as it faces debt facility struggle

first_img KCS-content whatsapp Monday 14 February 2011 9:00 pm ASSETCO, the largest outsourcing partner to London Fire Brigade, has said it is discontinuing offer talks with a third party as it faces certain short-term funding issues, sending its shares down 21 per cent to close at 36p – their lowest in nearly two years.In December, AssetCo sold three of its businesses to restructure its balance sheet. The company said it was in advanced talks related to a short-term debt facility of £3.5m, which will be used for its immediate requirements. Share AssetCo slumps as it faces debt facility struggle Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe 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 AthletesBetterBeUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndocenter_img Show Comments ▼ More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tags: NULL whatsapplast_img read more

Clariant secures Sued-Chemie

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.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.com Show Comments ▼ KCS-content Clariant secures Sued-Chemie Swiss speciality chemicals maker Clariant has won the battle to take over Germany’s Sued-Chemie with a €1.4bn (£1.2bn) acquisition that expands its presence in high-growth sectors. The deal has an enterprise value of €2bn, or €1.4bn in equity and €600m in debt. The financing includes a SwFr400m (£257.6m) rights issue. Share Wednesday 16 February 2011 7:41 pm whatsapp Tags: NULL whatsapplast_img read more

Advertisers slam Lords’ proposal

first_imgThursday 17 February 2011 8:02 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com whatsapp KCS-content Show Comments ▼ Share Advertisers slam Lords’ proposal center_img UK advertisers and broadcasters including BSkyB, Discovery and MTV yesterday railed against proposals by a Lords committee to cut back on TV advertising, arguing that programme investment will come under threat as a result of a drop in ad revenue levels. The Lords communications committee also tabled a proposal yesterday that ITV should be freed from current restrictions on what it can charge for advertising airtime, in return for a promise to spend up to £55m more on UK-originated output. 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 ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBe whatsapp Tags: NULLlast_img read more

WPP beats forecasts after strong US performance

first_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 PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity 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 HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo A rebound in the United States advertising market allowed WPP, the world’s largest ad group, to follow its peers and post strong full-year results on Friday and a solid outlook for 2011.WPP, whose ad agencies include JWT and Ogilvy & Mather, posted fourth quarter organic revenue growth of 8.5 per cent and said the solid performance had continued into January with revenue up over 8 percent.The strong finish to the year, which had been expected after rivals Omnicom and Publicis posted better than expected results, helped WPP to post a full-year figure of 5.3 per cent, with both the fourth quarter and full-year figures ahead of forecasts.For 2011 it expects the key industry metric of like-for-like growth, which strips out the impact of acquisitions and currency moves, of five per cent and operating margins to rise 0.5 margin points to 13.7 per cent.Analysts had expected Martin Sorrell’s firm to report quarter four growth of 7.3 per cent and full-year growth of 4.9 per cent although expectations had risen after US group Omnicom and France’s Publicis reported strong trading.A solid update by another peer Interpublic and reports from media groups that ad markets were growing strongly has added to the sense in recent weeks that the industry is well into a recovery from one of the toughest downturns in recent history.WPP’s performance was boosted by the rebound in the US, continued growth in China, its strong presence in the digital market and an overall drive by fast moving consumer goods companies to increase their marketing spend.For 2011 it expects organic revenue growth of around five per cent, in line with forecasts.Overall reported revenue was up 7.4 per cent to £9.3bn, compared with an analyst forecast of £9.2bn. It also said it would target a divided pay-out ratio of around 40 per cent over the medium term from around 30 per cent whatsapp whatsapp WPP beats forecasts after strong US performance Friday 4 March 2011 2:57 am Sharecenter_img More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans 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.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Tags: NULL Show Comments ▼ John Dunne last_img read more

Job creation highest in ten months

first_img whatsapp Share Show Comments ▼ Wednesday 9 March 2011 3:27 am Recruiters, led by the private sector, filled permanent vacancies at the fastest pace in 10 months in February while wage inflation eased to a three-month low, a survey showed.Research for the Recruitment and Employment Confederation and KPMG also showed hiring of temporary staff rose at its sharpest rate since May 2007, offering hope the economy might bounce back from the shock contraction it suffered late last year.The permanent placements index – a measure of how many firms are hiring extra workers compared to the previous month – rose to 62.7 in February from an upwardly revised 58.2 in January. It has been above the 50 level, which separates growth from contraction, for 19 months.The wage inflation index for permanent staff fell to a three-month low of 53.7, down from 54.1 in January, and was below the long-run average.That is likely to cheer the Bank of England as it faces increasing pressure to bring consumer price inflation down from four per cent, double its target. Policymakers are keen to avoid the risk of a wage-price spiral but are also wary of raising interest rates against a fragile economic backdrop.Britain’s economy suffered a surprise 0.6 percent contraction in the final quarter of 2010 and the number of Britons claiming unemployment benefit rose in January for the first time in four months.REC said that, in February, increased hiring by private companies stood in sharp contrast to a weak performance in the public sector.The government is cutting £81bn from spending, around a fifth of most departmental budgets, and raising taxes to eliminate a record deficit. Its budget watchdog expects 330,000 public jobs to be lost by 2014/15.“The UK now has a two-speed labour market,” said REC chief executive Kevin Green. “The private sector continues to hire in increasing numbers while the public sector is shedding jobs.” whatsappcenter_img John Dunne Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHealthyTed Health Magazine10 Surprising Benefits of Bananas You Possibly Didn’t Know AboutHealthyTed Health MagazineUndoAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUndoTaonga: The Island FarmAdvertisement The Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoForge of Empires – Free Online GameIf You Like to Play, this City-Building Game is a Must-Have. No Install.Forge of Empires – Free Online GameUndoElvenarAdvertisement If You Need to Kill Time on Your Computer, this Fantasy Game is a Must-Have. No Install.ElvenarUndoAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search AdsUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search AdsUndoSonoviaStoreThese Amazing Pillowcases Got It Just Right!SonoviaStoreUndo Tags: NULL 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 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Job creation highest in ten months last_img read more

Collins Stewart hikes dividend

first_img Share Tags: NULL Broker and financial services group Collins Stewart raised its final dividend for the first time in four years as it posted a three per cent rise in full-year profits.Collins Stewart reported a pre-tax profit of £19m for the year to 31 December, up from £18.4m the previous year, reflecting growth in all its main businesses.The company also proposed raising its final dividend by 31 per cent to 1.7 pence the first time it had increased the dividend since 2007.“Against the backdrop of a challenging external environment, we have reported a strong set of results with growth in revenue and profits,” Chief Executive Mark Brown said in a statement.“They represent the rewards of two years of hard work and although the turnaround programme that started in late 2008 is far from complete, our business is now well positioned and has considerable momentum for continued growth,” he added. Collins Stewart hikes dividend Tuesday 15 March 2011 4:31 am Show Comments ▼ John Dunne whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com whatsapplast_img read more

Myners: more women will get on boards

first_img whatsapp Show Comments ▼ 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 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap KCS-content Myners: more women will get on boards EX-CITY Minister Lord Myners expects women to make up the majority of board members in at least five FTSE100 companies by 2021, without quotas necessary to bring about the change. Speaking at tonight’s Business Woman of the Year awards, Lord Myners will say that the failure by the private sector to recognise and mobilise female talent is the largest missed opportunity of recent history, with women’s “different, fruitful and, at times, distinctly superior style to decision making and leadership” offering the best opportunity for future growth and economic prosperity.But he will stop short of recommending compulsory measures to encourage gender diversity, insisting that board appointments should be based on merit, with companies responsible for removing internal barriers to appointing female leaders. Myners’ views contradict those expressed in last month’s government-commissioned report from Lord Davies, which said quotas to encourage female board members would have to be introduced if voluntary measures fail. According to a 2010 study by Cranfield University, women make up only 12.5 per cent of FTSE100 board members, just a 0.3 per cent rise from the previous year. Burberry is currently the FTSE100 company with the greatest number of women on its board, but still falls short of Myners’ predictions with just three out of eight female directors. Diageo is the only company with four women on its board, including recently apponted finance chief Deirdre Mahlan. Almost a fifth of the current FTSE100 – 18 companies – have no female directors at all.Lord Davies’ report called for the UK’s largest public companies to make sure female directors make up at least 25 per cent of their board members by 2015. Share whatsapp Monday 28 March 2011 12:07 am Tags: NULLlast_img read more