BEST OF THE BROKERS

first_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 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 BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp Monday 16 August 2010 7:51 pm whatsapp 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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Sharecenter_img KCS-content BEST OF THE BROKERS Show Comments ▼ SPORTS DIRECTNumis retains its “add” rating on sports retailer Sports Direct after a solid year, with ebitda of £160m in the year to April. But it has revised the ebitda forecast for this year down £7m to £195m due to a tougher trading environment. Nonetheless it believes the business has a strong internet sales opportunity.BSKYBInvestec has put a “hold” rating on BSkyB with a price target of 700p based on an assumed takeover at 775p in six to nine months time. Investec notes the key investment risk is if News Corp walks away from any deal, but forecasts a five per cent earnings per share increase by the end of 2011.BAE SYSTEMSJ P Morgan has raised its earnings per share forecast for BAE Systems after a strong industry performance in the first half of the year, plus growth in all divisions and a seven per cent increase in organic sales. With the seasonally stronger second half to come it maintains its “overweight” rating. last_img read more

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RBS sells loans worth €1.4bn

first_img Share RBS sells loans worth €1.4bn Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd KCS-content center_img whatsapp Tuesday 17 August 2010 8:14 pm ROYAL Bank of Scotland yesterday announced it has sold around 10 per cent of its leveraged loan book as it continues its asset sale in the wake of its government bailout.The group announced it has sold a portfolio of loans worth €1.4bn (£1.15bn) to Intermediate Capital Group (ICG). The bank did not release the value of the transaction but analysts estimate a loan value to be around 90p in the pound, making the sale worth approximately €1.27bn.The loans are predominantly European mid-market leveraged financial loans across a diversified range of sectors. The bank said more than half of the portfolio is triple-A rated and a large portion is double-A rated.ICG, which has €11bn under management, says it will fund the acquisition with a combination of equity and debt.Nitin Arora of Execution Noble said the deal looks like good news for ICG shareholders and should lead to decent capital gains.An RBS spokesman told City A.M.: “This is further evidence of our recovery story. It is part of our strategic plan to reduce our leverage, which will no longer be part of our core business moving forward.“This sale has reopened a section of the market that has been dormant since the financial crisis and the market will no doubt be following it closely.”The sale takes place against a backdrop of asset sales at RBS, which is 84 per cent owned by the government. Earlier this month it agreed a sale of its credit-card payment processing unit to private equity firms Advent International and Bain Capital for £1.7bn. It also sold 318 of its branches to Santander. whatsapp Tags: NULLlast_img read more

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JAPAN KEEPS CLOSE EYE ON YEN’S IMPACT

first_imgSunday 26 September 2010 9:56 pm Share whatsapp JAPAN KEEPS CLOSE EYE ON YEN’S IMPACT More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com JAPAN will ease monetary policy appropriately if necessary, while keeping an eye on the impact of the yen’s rise on the economy, Bank of Japan (BOJ) governor Masaaki Shirakawa (pictured) said. He also said the BOJ was watching the “downside risk” to the economy more closely. whatsappcenter_img Tags: NULL Show Comments ▼ KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comlast_img read more

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Former Iceland PM faces charges

first_img whatsapp Former Iceland PM faces charges KCS-content Share whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Iceland’s parliament voted to bring court charges for negligence against former Prime Minister Geir Haarde, who led the country during events leading to the country’s banking collapse in 2008. The parliament declined to press charges against the former foreign and finance ministers, Ingibjorg Solrun Gisladottir and Arni Mathiesen, as well as former business minister Bjorgvin Sigurdsson. A court hearing would mean the first sitting of the Landsdomur, a special chamber set up in 1905 to try government ministers accused of crimes. The next step is that parliament will appoint a special prosecutor who will bring the charges against Haarde before the court. Show Comments ▼ Wednesday 29 September 2010 11:10 pm Tags: NULLlast_img read more

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BHP Billiton takeover of Potash could cost Canada over £1bn in lost taxes

first_img whatsapp BHP BILLITON’S $39bn (£24.6bn) hostile bid for Potash cleared a hurdle yesterday, as an independent report found that BHP is a more suitable owner than potential rival Sinochem. The report, commissioned by the Canadian province of Saskatchewan, said that BHP’s takeover could cost the area at least C$2bn (£1.23bn)?in lost taxes, though the government could change its royalty structure to mitigate the loss. Potash shares jumped more than two per cent in Toronto yesterday.The report also found that BHP’s interests are more closely aligned with Saskatchewan’s than the interests of any Chinese group, most likely to be led by Sinochem, that might mount a rival bid. China is a major consumer of the fertiliser.“A producer that is unhinged from market discipline could potentially wreak havoc on Saskatchewan’s finances,” the report said.After digesting the report, the Saskatchewan government plans to present its position on the takeover later this month to Ottawa, which could veto the takeover after a review that will look at whether the deal is of net benefit to Canada.The report’s authors cautioned against Saskatchewan formally opposing the takeover bid, warning that opposition would be seen as undermining shareholder rights, depressing Potash’s share price and possibly hurting junior potash companies.LLOYD PENGILLY AND ADAM BRETTJP MORGANJP MORGAN has taken the lion’s share of the advisory work in BHP Billiton’s mammoth $39bn (£24.6bn)?bid, and has drafted in some of its most illustrious names to make sure it keeps its place at the front of the pack. As lead financial adviser, JP Morgan is coordinating its efforts for BHP Billiton between London and the US.Leading the team on this side of the pond is one of the firm’s most senior bankers, Lloyd Pengilly, who was originally made one of the executive committee members when JP Morgan struck its joint venture with Cazenove back in 2004.Pengilly is joined by Adam Brett, the head of the EMEA metals and mining group, who is a particularly busy bee at present. He also recently advised Vedanta on its proposal to acquire a majority stake in Cairn India for up to $9.6bn. Brett previously advised on the creation of the JP Morgan Cazenove joint venture before joining the UK firm in 2005. He also sits on the FSA’s Listings Authority Advisory Committee.BHP has also hired five further banking advisers – Toronto Dominion Securities, Banco Santander, Barclays Capital, BNP Paribas and Royal Bank of Scotland. Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times BHP Billiton takeover of Potash could cost Canada over £1bn in lost taxes KCS-content Monday 4 October 2010 8:25 pm Share Tags: NULL last_img read more

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Unicredit reshuffle sees Ermotti quit

first_img Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo UNICREDIT SpA’s top investment banker Sergio Ermotti will leave the bank after being passed over in a management reshuffle, the first casualty of a revamp that followed the appointment of a new chief executive.UniCredit’s board yesterday named retail chief Roberto Nicastro as sole general manager at Italy’s largest bank – a move which paved the way for the departure of Ermotti, a former Merrill Lynch executive well known in international financial circles.The revamp is the first key decision for new chief executive Federico Ghizzoni, appointed last month after former boss Alessandro Profumo quit in a row with investors. Nicastro, 45, had headed UniCredit’s vast retail network since 2007. Unicredit reshuffle sees Ermotti quit Show Comments ▼ whatsapp Sharecenter_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com KCS-content whatsapp Tuesday 26 October 2010 7:56 pmlast_img read more

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Vallar in a $3bn Asian coal deal

first_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp KCS-content Vallar in a $3bn Asian coal deal Tuesday 16 November 2010 8:37 pm whatsapp Show Comments ▼ INDONESIA’S powerful Bakrie family has joined forces with the Rothschild banking dynasty to cement its dominance of Indonesia’s booming coal exports sector through a London-listed company. The deal combines stakes in three companies. Bakrie Group, run by the family of politician and tycoon Aburizal Bakrie, is joining miner Berau Coal with prize asset PT Bumi Resources in a share swap deal with Vallar – the mining investment fund established by financier Nathaniel Rothschild earlier this year. Bakrie will gain majority control of London-listed Vallar and rename it Bumi, a symbol of a move that means Indonesia’s biggest coal producer gains a greater share of the global market. “This is a reverse takeover where the Bakrie Group is regrouping its coal mining assets,” said Norico Gaman, the head of research at Jakarta brokerage PT BNI Securities. “Vallar is only a vehicle for the Bakrie Group to consolidate its assets.” “Bumi is now aiming to become one of the biggest global players in the coal industry,” Gaman added. As part of the deal, Vallar will pay $3bn in cash and new shares to buy a 75 percent stake in Berau and 25 per cent of Bumi in its first deal since raising $1.1bn and listing in July. “We’ve announced the creation of an Indonesian coal champion… (that) is going to be the largest supplier of thermal coal to China,” Rothschild said. China’s total imports in 2009 were a record 126m tonnes, triple the 2008 level.Bakrie Group will own 43 per cent of Bumi, while 28.3 per cent will be owned by exisiting Vallar ordinary shareholders. Tags: NULL Sharelast_img read more

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Starbucks stirs up trouble over Kraft deal

first_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Starbucks stirs up trouble over Kraft deal whatsapp Share Monday 29 November 2010 7:48 pm whatsapp center_img 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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center KCS-content Show Comments ▼ Tags: NULL KRAFT Foods yesterday said it is seeking arbitration in its fight with Starbucks, which is trying to end a deal under which Kraft sells packaged Starbucks coffee to grocery stores.Starbucks accused Kraft of failing to meet certain provisions of their arrangement, including keeping Starbucks involved in major marketing initiatives.Kraft, which has overseen the growth of the packaged coffee business from $50m (£32m) to $500m in annual sales, in turn accused Starbucks of trying to walk away from their partnership without honoring its conditions.Starbucks, which is also pushing for sales growth of its Via instant coffee, has made no secret of a desire to exert more control over its consumer packaged-goods business.Yesteday, the company said it has exercised its right to end the relationship due to Kraft’s failure to fix the alleged breaches of their partnership. It expects to assume direct responsibility for the packaged-coffee business in March.Kraft said it recognised Starbucks’ right to take over the business but said the deal calls for Kraft to get sufficient time to prepare for any transition. last_img read more

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New Bank of Ireland debt offer

first_img KCS-content BANK of Ireland offered to exchange subordinated debt for government guaranteed securities yesterday in a move that could plug around €400m (£335.7m of its €2.2bn capital hole.Ireland’s central bank wants lenders to “overcapitalise” as a result of the €85bn emergency loan package agreed with the IMF and EU last month, raising its target for core Tier 1 capital ratio to 12 per cent from eight per cent.Bank of Ireland, Ireland’s biggest bank by market value, was the first major Irish bank to meet the previous capital target, raising €3bn partly through private sources earlier this year in an exercise which left the state with a 36 per cent stake plus preference shares.The bank – which is now expected to fall under majority state ownership – began a fresh round of capital raising by making an exchange offer for up to €1.5bn of Lower Tier 2 securities with a nominal value of around €3.1bn. Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute New Bank of Ireland debt offer center_img whatsapp Show Comments ▼ Wednesday 8 December 2010 8:47 pm Tags: NULL Sharelast_img read more

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BP shares fall after news of US legal fight

first_img whatsapp whatsapp OIL giant BP’s shares suffered their biggest drop in almost four months yesterday after the US government’s decision to sue the firm for $21bn (£13.5bn), prompting fears that the total cost of the Gulf of Mexico could be far higher than predicted. BP has estimated that the cost of clearing up and compensating victims of the disaster in April would be $40bn (£25bn), which some legal experts said could double if the US government lawsuit is successful. UK-traded shares closed 1.4 per cent down at 470p, 28 per cent below the price on 20 April when the Deepwater Horizon rig exploded. “It creates some fears concerning the ultimate decision on gross negligence or not,” said Societe Generale analyst Irene Himona. “There is ongoing legal uncertainty.”ETX senior trader Manoj Ladwa said that “although the oil giant will have factored in any claims for gross negligence, it may have speed up any asset sales if it is to reinstate its dividend in the New Year”.The US Justice Department has filed a civil complaint in New Orleans. Eight other companies, including oil platform owner Transocean, its insurer QBE and MOEX Offshore have also been sued in the US Justice Department’s filing. Shares in Swiss-based Transocean, the world’s largest offshore rig contractor, dropped 4.4 per cent yesterday, while Anadarko’s shares were down 1.6 per cent.The Department for Energy and Climate Change said it could not interfere with the US lawsuit. “This latest move is an expected next step in the process to evaluate the environmental damage and recover the costs of the spill.” The department added: “We must remain fair-minded and not pre-judge the outcome of this or of other enquiries underway in the US.” Thursday 16 December 2010 8:55 pm Tags: NULL Sharecenter_img KCS-content BP shares fall after news of US legal fight 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 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 AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Show Comments ▼last_img read more

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