lhhyhhvv

PM’s father dies in France

first_img Prime Minister David Cameron’s father has died after falling ill during a holiday in southern France.Conservative leader Cameron had flown to his 77-year-old father Ian’s hospital bedside earlier after the former stockbroker suffered a stroke and heart problems.The Prime Minister, who rushed to Toulon after being alerted by his mother, will remain in France overnight with his mother and other close members of the family. Cameron, who took office in May, said his father had been an inspiration to him.Ian Cameron overcame the handicap of being born with both legs deformed and went on to prosper, sending the future Prime Minister to Eton, an elite fee-paying school.The Prime Minister had only just returned to work after taking time off following the birth of daughter Florence two weeks ago. Tags: NULL whatsapp KCS-content More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comConnecticut man dies after crashing Harley into live bearnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comcenter_img Share PM’s father dies in France whatsapp Wednesday 8 September 2010 8:28 pm Show Comments ▼last_img read more

Read More

nhmuezlj

CPI remains at 3.1pc

first_img Consumer price inflation held steady in August, after unexpectedly strong rises in airfares, clothes and food prices offset falling fuel costs, official data showed.The Office for National Statistics (ONS) said consumer price inflation came in at 3.1 per cent last month in contrast to economists’ expectations for a fall to 2.9 per cent. On the month, inflation jumped by 0.5 per cent, compared to a 0.2 per cent fall in July and forecasts for a 0.3 per cent increase.The largest upward effect on CPI came from air transport, with fares rising at their fastest pace for a month of August on record. Clothing and footwear prices saw their sharpest August rise since 2001, with a big impact from the cost of women’s outerwear at the start of the autumn season.Seasonal discounting occurred earlier in 2010 than in previous years, adding to the upward pressure in August.Food prices rose at their fastest annual pace since July 2009, with strong monthly rises in the cost of bread, cereals and vegetables.Producer price data earlier this month showed sharp increases in the cost of wheat due to drought in Russia pushing up global commodity prices.The alternate retail price index measure, which has a longer history and includes more housing costs, was also higher than expected in August. The measure fell to 4.7 per cent from 4.8 per cent, against expectations of a drop to 4.6 per cent.The figures are likely to be a concern to the Bank of England, which has blamed the rise of inflation above its two per cent target largely on one-off factors such as sterling weakness and a rise in value-added tax at the start of the year.Bank Governor Mervyn King had to write a public letter last month explaining why inflation had persisted above three per cent. New member of the Monetary Policy Committee Martin Weale faces a hearing before legislators later.Howard Archer of global Insight said: “Consumer price inflation disappointingly only held steady at 3.1 per cent in August, thereby bringing at least a temporary end to the gradual downward trend from the peak of 3.7 per cent in April.” John Dunne Show Comments ▼ Tuesday 14 September 2010 4:41 am whatsapp CPI remains at 3.1pc Share 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.comPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-Today Tags: NULLlast_img read more

Read More

dwhpsbmc

Record yields to hit Ireland bond auction

first_img Show Comments ▼ Record yields to hit Ireland bond auction Share STRICKEN Ireland is poised to re-enter the debt markets today but record yields on its government bonds mean it will have to pay a steep price for failing to convince investors that it can meet the escalating cost of bailing out its banks.The extra yield premium demanded by investors to hold Irish 10-year bonds over German bunds widened to 423 basis points yesterday, the greatest since the euro was introduced in 1999.Central bank governor Patrick Honohan warned yesterday that the Irish government would need to take even tougher fiscal action over the next few years but this did little to calm the market’s nerves.Against this backdrop, the National Treasury Management Agency (NTMA), which manages Ireland’s debt, is set to raise €1.5bn (£1.26bn) with the issue of a four-year and eight-year bond. However, it will be forced to pay investors greater compensation for holding Irish government debt. The auction is seen as a key test of investor sentiment towards Ireland. “After all the rumours and speculation last week I think it’s going to be quite tough for them. [We are] certainly going to see people demanding much higher yields on the auction. I think it could be tricky,” said Melanie Bowler at Moody’s Analytics.When Ireland last issued an eight-year bond in June it achieved a yield of 5.088 per cent. Secondary market yields, which are seen as the best guide to today’s auction, were yesterday 6.13 per cent. It sold four-year bonds at a yield of 3.11 per cent in May. These are now trading around 4.875 per cent.The biggest concern for investors is the lack of clarity regarding the cost of recapitalising nationalised Anglo Irish Bank and the country’s Budget deficit which is forecast to be 11.6 per cent of GDP this year, the biggest in the Eurozone. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative 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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com whatsappcenter_img Monday 20 September 2010 9:22 pm Tags: NULL KCS-content whatsapp irish debt crisis | a timelineOctober 2008 Ireland officially becomes the first country in western Europe to fall into recession as the global economic downturn gathers speed.February 2009 Unemployment rate reaches 11 per cent, the highest in over a decade. Protests take place in Dublin against Prime Minister Brian Cowen and his government’s fumbled handling of the crisis. March 2009 Public finances quickly deteriorate amid a deep recession. The Irish Republic loses its AAA debt rating, in a massive blow for finance minister Brian Lenihan. GDP falls 8.5 per cent from previous quarter.April 2009 Government is forced to present its second budget in six months to deal with a fiscal shortfall of over €4.5bn and a rapidly shrinking economy.October 2009 Economy exits recession with GDP growing by 0.3 per cent, but GNP continued to contract by 1.4 per cent.July 2010 According to the National Treasury Management Agency, Ireland successfully meets its debt servicing requirements for 2010 and into the second quarter of 2011.September 2010 Irish officials prepare to sell up to €1.5bn of debt. last_img read more

Read More

ccpbullv

Financial services industry must aid economy

first_img Show Comments ▼ whatsapp whatsapp KCS-content Sunday 3 October 2010 10:25 pmcenter_img Tags: NULL Share TODAY I will be speaking at the City of London’s Conservative Party Conference fringe event entitled “The Challenge for Financial Services – Helping the UK Economy Grow.”Having already spoken at the Labour and Liberal Democrat Conferences, this is the third time I have attempted to address this issue in as many weeks.The focus of the City’s fringe event neatly and deliberately encapsulates the inherent conundrum facing the UK financial services industry at the present time.If our industry is to restore its reputation and win back the public’s trust then it must help the UK economy to grow and help people to understand the role it plays in wider society.At the same time, our ability to realise this goal is being constrained; the public’s negative perception of firms and individuals working in financial services means that politicians simply cannot be seen to be conferring any kind of benefits or advantages on the industry at this time. If we want to diversify the UK economy in order to tackle our fiscal deficit – the UK government’s oft-stated “top priority” – and to help us better withstand future economic downturns, it will require substantial amounts of capital, the provision of which will be largely down to the financial services industry. Inadvertently limiting the size of the financial services industry through poor regulation will inevitably result in much lower growth and will also increase the possibility of a double dip recession.Not only would we see a huge loss of income, leading to much higher taxes, but jobs would also be lost throughout the UK and would by no means be restricted to those working in financial services.If the financial services industry is to play its full and proper role in helping secure our future prosperity, we need better regulation on a global basis. Unfortunately the last few weeks have offered little in the way of encouragement for potential overseas investors, many of whom are already nervous about current and future regulatory and legislative reforms in the UK and the wider European Union.I fully understand that speeches given at Party Conferences are necessarily designed to appeal to a party political audience but our political leaders must remember that every time they speak, the international business community will be listening and judging.Let us hope that when Parliament is back in session, we can move past this anti-City rhetoric and start to deal with these important issues in a rational way that will benefit the financial services industry and thus the whole of the UK. I know our industry wants to play its part in the recovery and demonstrate that Britain is indeed “open for business” – we now need to agree on a course of action to make this happen.Stuart Fraser is the Policy Chairman at the City of London Corporation Financial services industry must aid economy last_img read more

Read More

roizcghx

No graduate tax, says Vince Cable

first_imgSunday 10 October 2010 11:39 pm Show Comments ▼ VINCE CABLE has performed a remarkable volte-face over plans to replace university tuition fees with a graduate tax.The business secretary – a long-time proponent of such a scheme – has written to Liberal Democrat members insisting “an additional tax on graduates” is not the way forward. Cable said the tax would unfairly see some high earners pay more than the price of their course, while favouring foreign students who wouldn’t have to pay for their tuition if they left Britain. Scrapping tuition fees would also cost the government billions in foregone revenue at a time when it is grappling with a huge budget deficit, Cable warned.Lord Browne, the former BP chief, will today publish his report into university fees. He will recommend a big hike in upfront tuition fees, to up to £12,000 for some students. whatsapp Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap whatsapp Tags: NULLcenter_img KCS-content Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times No graduate tax, says Vince Cable last_img read more

Read More

myptdtqd

US White & Case continues to expand its presence in the City

first_img Show Comments ▼ WALL STREET law firm White & Case has promoted 35 lawyers into its partnership, with seven in London reaching the top.The promotions, which take effect from the start of next year, will see the firm welcome seven London counsel and associates into its partnership.White & Case, which is based in New York, said the promotions represent continued investment in its City office. The firm has already hired four new partners this year and transferred one partner from New York to London. A further 16 lawyers in Europe, the Middle East and Africa have been promoted. “Our new partners are all outstanding lawyers, with diverse experience and expertise,” said White & Case chairman Hugh Verrier. More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.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.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp Share US White & Case continues to expand its presence in the City center_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadaFoundation ExpertFoundation Repair Cost In Scottsdale May Surprise YouFoundation ExpertMike HistoryAt 66, This Is Bruce Willis’ Private CarMike Historycutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetScalp Psoriasis SearchWhat Exactly is Scalp Psoriasis? See the SymptomsScalp Psoriasis SearchPlumbing ServicesPlumber Prices In Scottsdale might surprise YouPlumbing ServicesAmoMediaRich Guy Mocks Disabled Waiter, Regrets It ImmediatelyAmoMediaeSaver OrgThousands in United States Found the Device That Can Slash The Electricity BilleSaver Org Tuesday 12 October 2010 9:03 pm whatsapp Tags: NULLlast_img read more

Read More

jrlnnddo

British Land teams up with Canadians for City skyscraper

first_img John Dunne British Land is teaming up with Canada’s Oxford Properties to develop the Leadenhall Building in the City, in the second of two crisis-hit skyscraper projects to be revived within a week.Britain’s second largest property company said it had agreed terms to build the 47-storey tall scheme in a 50:50 joint venture with the real estate arm of the OMERS Worldwide Group of Companies, one of Canada’s largest pension plans.The total development cost is estimated at £338.5m.Last week, British Land’s biggest rival Land Securities announced it would resume construction work on a 37-storey building known as the Walkie Talkie Building at nearby 20 Fenchurch Street after striking a similar tie-up with Canary Wharf Group.The Leadenhall Building is expected to inject 610,000 square feet of space into London’s supply-starved office market, while the Land Securities project will add around 690,000 square feet of commercial space.Construction on both schemes is due to resume in January, with completion due on the Leadenhall Building in the second quarter of 2014, the quarter after Land Securities aims to complete its project. 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 British Land teams up with Canadians for City skyscraper Share Show Comments ▼ 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 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.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp whatsapp Monday 25 October 2010 2:54 am Tags: NULLlast_img read more

Read More

bmseebkt

Coalition splits over plans to cap housing benefit at £400 a week

first_img Coalition splits over plans to cap housing benefit at £400 a week 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 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.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm KCS-content 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.comKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Share Wednesday 27 October 2010 8:53 pmcenter_img whatsapp COALITION tensions over plans to reduce Britain’s ballooning welfare bill threatened to turn into a full-scale split last night, after Vince Cable said the government was “open to suggestions” on how to improve the proposals just hours after the Prime Minister insisted they were non-negotiable. Some Liberal Democrats have indicated they will vote against plans to cap housing benefit at £400-a-week, because some claimants will inevitably be forced to leave their homes. Bob Russell, the Liberal Democrat MP for Colchester, raised the issue after a tetchy session of Prime Minister’s Questions that saw Labour leader Ed Miliband and David Cameron trade blows over the issue. “The Prime Minister and the Leader of the Opposition have had their fun and games over housing benefit. But this is not a laughing matter for the thousands of children who could become homeless,” Russell said, which reflects a strong view in his party. Show Comments ▼ Tags: NULLlast_img read more

Read More

hbukrngt

Yoplait owners reject £1.2bn Lactalis bid

first_img 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 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 Show Comments ▼ KCS-content whatsapp Share Yoplait owners reject £1.2bn Lactalis bid THE owners of French yoghurt maker Yoplait rejected a €1.4bn (£1.19bn) unsolicited bid from Europe’s largest dairy group, Lactalis yesterday, saying it was too low and would force out a major shareholder.Unlisted Yoplait, which competes with food giant Danone, has been in the spotlight since the summer when private equity fund PAI Partners said it wanted to sell its 50 per cent stake.The other half of Yoplait is owned by Sodiaal, a dairy co-operative, which wants to keep its participation.Lactalis’ offer, made on 16 November, was for all of Yoplait.“The price proposed by Lactalis neither reflects the intrinsic nor strategic value of Yoplait, nor its growth potential,” Sodiaal and PAI said in a joint press release.The sale process, which officially started a few days ago, could also draw interest from food giants such as Nestle, General Mills, which distributes the Yoplait brand in the United States, Asian food groups and private equity groups.Lucien Fa, who had been with Danone for 21 years, came on board as chief executive in 2002. Following a restructuring plan, the loss-making Yoplait returned to profit. Thursday 18 November 2010 8:15 pm whatsapplast_img read more

Read More

rnnuplfj

BA and Iberia set to merge

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org BA and Iberia set to merge KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmCuteness56 Animal Puns For a Quick LaughCutenessReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo! JustPerfact USAElvenarIf You Need to Kill Time on Your Computer, this Fantasy Game is a Must-Have. No Install.ElvenarMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadaFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm Oracle Share Monday 29 November 2010 8:20 pm whatsappcenter_img Show Comments ▼ SHAREHOLDERS at British Airways (BA) and Spanish carrier Iberia rubber-stamped a £5m merger yesterday, allowing the pair to create a major player that will compete with rivals Lufthansa and Air France-KLM. More than 99 per cent of BA’s shareholders at a meeting in London yesterday backed the deal, meaning the new International Airlines Group is on track to start trading on the London Stock Exchange on 24 January as well as listing in Madrid. The two airlines recently said they had already identified 12 possible acquisition targets to pursue once they have merged, with Asia seen as a key region for expansion.“I think we have a magnificent vehicle to be in the driving seat of sector consolidation,” Iberia chairman Antonio Vazquez told reporters after its shareholders’ meeting in Madrid, but said the company was not yet in talks with any potential partners.BA chief executive Willie Walsh also said the enlarged firm would pursue further consolidation in the industry. The new firm will have more than 400 aircraft on 205 routes, with a staff of more than 60,000. The two companies carry close to 60m passengers a year, with joint revenue of around £12bn. The airlines also estimate they can make €400m (£337m) of synergy savings within five years, while keeping the separate carrier brands. The firm will be headquartered in London and registered in Madrid. Walsh will head the combined group, with chief financial officer Keith Williams moving up to become chief executive of BA.Shares in BA closed down 3.9 per cent yesterday at 261.2p.TIME LINE | BRITISH AIRWAYS’ MERGER WITH IBERIA● 18 July 1997Iberia confirms preliminary deal on a co-operation pact with BA.● 27 October 1998BA takes a stake in Iberia alongside American Airlines parent AMR Corp. Spanish state holding company SEPI, which owned Iberia at the time, says the deal was for BA to buy a stake of 8.2 to 9.1 per cent.● 10 December 2003BA and Iberia win European Commission approval to operate a proposed alliance in the EU.● 15 November 2006BA buys American Airlines’ stake in Iberia for €19m raising its stake in the Spanish carrier to about 10 per cent.● 30 March 2007Texas Pacific Group makes a €3.4bn bid approach for Iberia, which BA says it will not contend, but withdraws eight months later.● 14 August 2008BA, American Airlines and Iberia announce they have agreed to a transatlantic tie-up. ● 9 July 2009Antonio Vazquez replaces Fernando Conte as Iberia chairman, an appointment seen as boosting the chances for a merger.● 12 November 2009BA and Iberia announce a preliminary agreement and look to close the deal by the end of 2010. ● 14 December 2009BA reveals a £3.7bn pension deficit, which becomes a stumbling block in the merger talks.● 8 April 2010BA and Iberia sign a £5bn merger to create the world’s biggest airline, after agreeing to tackle BA’s pension problem.● 29 November 2010BA and Iberia shareholders agree the merger at separate extraordinary general meetings. Tags: NULL whatsapplast_img read more

Read More