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Rowland in U-turn over Tory role

first_img Share whatsapp Rowland in U-turn over Tory role Thursday 19 August 2010 9:09 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo DAVID Rowland, the property tycoon who was set to take up the role of Tory party treasurer, has decided to sacrifice the role to concentrate on his business interests. whatsapp Show Comments ▼ Rowland, who donated millions of pounds to the Conservative party in the run up to the general election, returned to the UK from the Channel Islands last year to allow him to become Tory treasurer in October. But yesterday he said he would not be able to give the role “the focus and attention it deserves” due to “developing business interests”.Stanley Fink, the hedge fund icon, will now become treasurer instead. Fink, who is currently co-treasurer along with Icap chief Michael Spencer, will take up the role after the October Tory conference. The Tories insisted Rowland’s last-minute volte-face had nothing to do with controversy over his status as a former tax exile nor criticism of his past business interests. Rowland’s decision comes amid a coalition split over the appointment of Sir Philip Green as an efficiency tsar. Last week, City A.M. revealed that Liberal Democrat business secretary Vince Cable, a vocal opponent of tax avoidance, had not been consulted over the appointment of Green. The Topshop tycoon has been criticised for saving a significant amount of tax on a £1.14bn dividend in 2005, which was paid by his retail empire Arcadia to Taveta Investments, a firm controlled by his Monaco-based wife. 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content Tags: NULLlast_img read more

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IMF: Europe and US face weak growth

first_img Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULL whatsapp ECONOMIC growth will likely remain weak both in Europe and the United States, despite recent strong growth figures in Europe, and Germany in particular, IMF chief economist Olivier Blanchard said in remarks published yesterday.A US slowdown would have an automatic impact on growth in Asia in the short term but “decoupling” between emerging market and rich economies is possible in the medium term as Asian and Latin American countries shift to a greater degree of internal demand, Blanchard told French daily Le Figaro.“If the American economy slows, that would have an impact on Asia automatically, not an enormous one but significant nonetheless,” the newspaper quoted Blanchard as having said.He also said Eurozone governments should produce credible plans to reduce deficits over the medium term and that financial markets would be reassured more by the content of theplans than precise end-dates.“Whether it’s 2013 or 2014 is not important,” he said.Asked if the G20 group of economic powers should broach thequestion of undervalued currencies, Blanchard said yesterday that an appreciation of the yuan was one but only one part of the shift towards a greater level of internal demand in China over time. Monday 6 September 2010 8:13 pm Sharecenter_img 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.com whatsapp KCS-content IMF: Europe and US face weak growth Show Comments ▼last_img read more

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ANALYST VIEWS: WILL THE GULF SPILL COST LESS THAN $20BN?

first_img Share Tags: NULL whatsapp ANALYST VIEWS: WILL THE GULF SPILL COST LESS THAN $20BN? Monday 13 September 2010 8:48 pm ALEXANDRE ANDLAUER | ALPHAVILLEI believe that costs would hardly reach $20bn, even I integrated this amount in my model to be conservative on such events ?– $15bn could be more realistic. The Obama government will probably use this disaster to give a strong signal to other oil majors.MARK PRIEST | ETX CAPITALThe $20bn figure for the total costs is realistic but whether BP will take responsibility for all of that is a different story. It does seem to be sharing the blame and if it can share the blame then perhaps it will try to share the costs.GEORGE GODBER | CHARLES STANLEYAs it stands, BP’s estimates are realistic based on what it has already spent. However, we are still a long way off any certainty on the financial impact because we still don’t know whether there will be any criminal charges related to the spill. center_img More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org KCS-content Show Comments ▼ Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More 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 PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-TodayUndo whatsapplast_img read more

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CITY VIEWS: WHAT ARE THE PROSPECTS FOR THE JOB MARKET IN THE NEXT YEAR?

first_img Share CITY VIEWS: WHAT ARE THE PROSPECTS FOR THE JOB MARKET IN THE NEXT YEAR? 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 PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo KCS-content DAVID SAHNER | HEATH LAMBERT“I think it’s picking up slowly; I’m not convinced it will have improved much by the end of the year. If you want a job now you have to accept a lower salary and worse conditions generally, but we’ll have to get used to that.”JAMES PARRATT | MILLER INSURANCE“I think unemployment rates in the City are relatively stable, at least for this year. I don’t think it will get a huge amount worse. Currently the banking sector seems to be rejuvenated, and is employing more people, but it’s not the same everywhere.”MARK ABBOTT | PCR LTD“I work in recruitment, and the markets are getting stronger. After cutbacks during the recession, some sectors are hiring again, and as long as there isn’t a double-dip it will continue. But nationally things might get worse before they get better.” whatsapp Show Comments ▼center_img Tags: NULL Wednesday 15 September 2010 8:43 pm whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com last_img read more

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WOLF WHISTLES FOLLOW STYLISH CITY LADIES DRESSED FOR SUCCESS

first_img Show Comments ▼ WOLF WHISTLES FOLLOW STYLISH CITY LADIES DRESSED FOR SUCCESS KCS-content Tags: NULL Sunday 17 October 2010 10:00 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo WHERE does a City woman go when she needs to out-dress her TM-Lewin-clad male counterparts? Designer Britt Lintner – who is also still a full-time professional at hedge fund GLG – is making a new bid to make her clothes the ultimate go-to items, and she has recruited a line-up of swanky femme fatales from the City to help her.The women to be featured include Alexandra Palace MD Rebecca Kane, British Property Foundation chief executive Liz Peace and Boster Group founder Susan Boster.But first up is Rothschild Debt Advisory MD Ranjit Munro, pictured, who agreed to a profile to promote the designs for high net-worth working ladies. Munro reportedly keeps a wardrobe of more than a dozen Britt Lintner dresses on hand and claims that one of them has even garnered her wolf whistles on the way in to the office: “It proves that age-appropriate dressing can be alluring, which I find rather reassuring now that I am the wrong side of 40,” she claims. As to how she balances the pressures of three kids with life in the City: “I like being busy and productive and I also have a really supportive husband, who has never expected cooked meals and is a great believer in outsourcing domestic tasks.” Here’s to outsourcing. But Munro needn’t attribute the wolf whistles wholly to her dress sense.BACCHUS JOHNSONThe Wine Investment Fund held an art auction for charity last week, with an unusual set of paintings on offer. Unfortunately not everything was in order: one painting by Terence Gilbert entitled Wines of Bordeaux shocked wine aficionados with its unrealistic depiction of a rather-too-ancient 1963 Chateau Haut Brion and a red, instead of a white, Cheval Blanc. The offending painting was swiftly retouched.But the star attraction included a most bizarre proposition: a colourful oil depicting none other than London mayor Boris Johnson as Bacchus, Roman god of wine, ecstasy and general partying. Alas, Boris was not available to view the portrait, pictured, but he would doubtless approve, having once labelled the Tories “the funkiest, most jiving party on Earth”.SCHOOL’S OUTPower down at Barclays on Churchill Place, where the office was preparing for a full switch-off of electricity on Friday to allow for maintenance. The power down was due to take place at 6pm, giving Barclays’ busy bees ample time to finish off their week’s number crunching.But one sly worker just couldn’t wait another two hours to troop over to All Bar One. Logging on to his outlook email, he created a fake email that seemed to be forwarded from IT support, informing computer users across several floors that they had exceeded their electricity use and that if they did not turn their machine off for the weekend by 4pm, it would start losing data.Surely no tech-savvy Barclays professional could fall for such a trick? Not so, according to The Capitalist’s eyes and ears in the building. Several confused – but rather happy – folks were spotted bar-bound at four, leaving their station’s lights on, but nobody home. Just in time to start the weekend in style.SLIPPERY MATTERSA mixed blessing for square mile commuters – already used to regular shut-downs on the Tube (and, apparently, on their computer systems). The bad news is that the millennium bridge will be closed to pedestrians today and everyday until Friday this week between 10am and 4pm – for “routine maintenance”. The good news is that one very civic-minded individual at a local wealth manager has been on the city of London’s case to fix the real problem with the ill-fated bridge: its slippery panels that have a tendency to dump innocent City folk on their arses at the slightest touch of rain. Our hero’s persistent – and rather wry – emails to the City finally won him a response after a fortnight. He has been promised a rigorous run of “grip and slip testing on the bridge” (which we assume means more than repeated falling over) alongside the “deep clean” of the structure and some added “texturing” of the steps. Hopefully enough to keep commuters’ brogue-clad feet firmly on the ground.DAILY GRINDRRed faces all round in one City bank due to a far-too-clever mobile app called Grindr. The helpful programme lets gay and bi men connect to other similarly oriented individuals in the area – you just download the app and set your availability to whatever you’re looking for, whether it’s a relationship or just sex. The app uses Bluetooth to find other like-minded individuals in the area and hey presto. Unfortunately, according to The Capitalist’s sources, the device proved a little too helpful in one City bank client meeting, where the electronic matchmaker tried to pair up one guy from each side. But what happened to the lovebirds after they left the meeting? Do get in touch with this column [email protected] if you know… whatsapp whatsapp Sharelast_img read more

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CITY MOVES | WHO’S SWITCHING JOBS

first_imgMonday 13 December 2010 8:04 pm KCS-content Tags: NULL CITY MOVES | WHO’S SWITCHING JOBS LogicaSeamus Keating, currently Logica’s chief operations and finance officer, has been announced as the firm’s chief executive for the Benelux countries. He will take up his new job as soon as a successor for his role as CFO has been found, replacing Wilbert Kieboom, who has decided to leave the group. Kieboom will, however, stay with Logica until next year for the transition period. Keating is also a non-executive director of Mouchel Group.Standard Chartered Private BankTim Hinton has been promoted at Standard Chartered Private Bank to regional head of private banking for the UK and Jersey. In this role he will be reporting to Stephen Richards Evans.Hinton has worked at Standard Chartered for more than 24 years, mostly in wholesale banking. He will contonue to represent the bank in the Business Growth Fund, a new equity fund to be formed by the UK’s largest six banks.Bank of America Merill Lynch Wealth ManagementTom Wicks has joined BoA/ML Wealth Management as a portfolio manager and will be based in London, reporting to Simon Miles. He will be managing the portfolios of ultra-high net work clients, working with the wealth structuring and advisory teams.He joins the bank from Neos Capital, where he was a fund manager and has also previously worked at New Star Asset Management and HSBC Investment Management.Rexiter Capital ManagmentChristopher Vale has been promoted at the London-based affiliate of State Street Global Alliance to its chief executive officer, a role he will take over in January.He is currently the firm’s chief investment officer for Asia and will succeed Rexitor founder Kenneth King as Rexiter’s CEO. Vale has previously worked at Kleinwort Benson Investment Management.In addition, Jared Chase, a senior managing director at State Street Global Advisors, will take up the role of chairman of Rexiter. Centaur Fund ServicesGavan McGuire has joined the alternative investment administrator as its new head of business development. McGuire, who has 13 years’ experience in fund administration, will be in charge of driving business from London and will be joining a team that includes Ronan Daly, Karen Malone and Eric Bertrand. RBC Capital MarketsRoyal Bank of Canada has added Mike Carter and Robin Mackie to its Capital Markets division via the acquisition of their boutique financial advisory firm, Loudoun Capital Partners.Mackie and Carter will be in charge of the European financial instruments group. Previously, they have both worked at Lehman Brothers Europe for over a decade each.In addition, RBC Capital Markets has made six hires in its equity analysts division, increasing its coverage to nine sectors. The hires are Gordon Aitken, Olivio Peters, David Greenall, Andrew Brooke, Andrew Carter and Damian Brewer. Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableySerendipity 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 TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp Sharelast_img read more

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Fifth Third Bancorp repays TARP

first_img 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.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA 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.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Show Comments ▼ Tags: NULL Share Fifth Third Bancorp joined the ranks of regional banks repaying US government bailout money yesterday, through a $1.7bn (£1.1bn) share offering. The bank sold 121.4m shares for $14 each and said it would use the proceeds, along with those from a senior debt offering and other funds, to repurchase preferred shares it sold to the US Treasury under the Troubled Asset Relief Programme. KCS-content whatsapp Thursday 20 January 2011 7:48 pm whatsapp Fifth Third Bancorp repays TARP last_img read more

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Spain ups retirement age as unemployment soars

first_img Spain’s cabinet is to approve an increase in the retirement age today, raising it to one of the highest levels in Europe, to reassure investors it can tackle economic reform.The government reached a deal in principle with unions under which most Spaniards will retire at 67 rather than 65 at present yesterday.While the reforms will have no effect on the budget before 2015, they mark progress in restructuring an economy with the highest unemployment rate in the euro zone and weak growth prospects.Spain’s jobless rate rose above 20 per cent again in the last quarter of 2010 and hit its highest rate since mid-1997.It now stands at more than double the European Union average.Unemployment remains Spain’s key concern and with weak growth prospects, especially consumer spending, it is likely to stick close to 20 per cent all year, economists said.“The problem now is that household disposable income is collapsing, and the corporate balance sheet isn’t in a very healthy position either. “In this environment you would expect the unemployment rate to continue high, or in fact rise. Spain’s problems really aren’t going away,” said David Owen, an economist at Jefferies.Owen said that if the trend continues, forecasters will be revising down their estimates for GDP growth, and raising their estimates for government debt to GDP. Unemployment rose to 20.3 per cent in the fourth quarter, rising from 19.8 per cent the previous quarter, and coming in even worse than economists’ forecasts of 19.9 per cent. The rate had fallen in the third quarter for the first time since 2007, but was above 20 per cent in the first half of last year.The number of jobless rose to 4.7 million people.Prime Minister Jose Luis Rodriguez Zapatero is under pressure to show investors he is committed to introducing structural reforms and cutting a public deficit that totalled just over nine per cent of gross domestic product (GDP) in 2010.It is hoped the retirement age reform will prevent Spain from being forced into a bailout like Ireland and Greece. Spain ups retirement age as unemployment soars alison.lock Friday 28 January 2011 3:52 am Tags: NULL whatsapp Show Comments ▼ More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp Sharelast_img read more

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NEW COMMITTEE: THE BASICS

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsFactableThis Is What Historical Figures May Have Really Looked LikeFactablePost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunGundry MD Total Restore SupplementWhat Rice Does to the Human BodyGundry MD Total Restore SupplementMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutItsTheVibeThe Cutest 1980’s Stars Are Now In Their 60s, This Is Them NowItsTheVibe whatsapp Thursday 17 February 2011 8:49 pm Q.WHAT IS THE FINANCIAL POLICY COMMITTEE (FPC)?A.The Financial Policy Committee is one of three bodies the coalition government is creating to replace the Financial Services Authority (FSA) and the tripartite regulatory system. The new system will be introduced in 2013, when the FPC will sit inside the Bank of England, opposite the Monetary Policy Committee. It will be in charge of crafting macro-economic policy to prevent another financial crisis by monitoring systemic risk, including problems to do with market transparency, illiquidity, contagion, information problems and misaligned incentives. Q.WHAT OTHER COMMITTEES WILL REPLACE THE FSA?A.The FSA’s other responsibilities will be divvied up between the Prudential Regulatory Authority (PRA), to be led by FSA chief executive Hector Sants, and the Financial Conduct Authority. The first will look at the soundness of individual financial institutions, while the latter will play a policing role in prosecuting misdeeds and will supervise capital markets and the UK Listing Authority.Q.WHAT WILL THE INTERIM FINANCIAL POLICY COMMITTEE’S ROLE BE?A.The members announced yesterday will join an interim FPC, which will pave the way for the establishment of a permanent version of itself in 2013, whose board will be recruited in the same way as the MPC’s members. As well as monitoring systemic risk, the interim FPC will determine what kind of tools the task requires and will review and approve a new publication required of the Bank of England: a biannual Financial Stability Report.Q.WHAT ARE THE NEW INTERIM FPC MEMBERS GOING TO DO?A.They are meant to add an outsider perspective to an interim FPC otherwise staffed wholly by regulators. However, only one (Michael Cohrs) has business experience. The other three are all economists or former regulators.Q.HOW WILL THE NEW FPC HELP TO PREVENT A NEW CRASH?A.Many observers are sceptical that it can actually prevent another crash. The new model gives a raft of new powers to the Bank of England, whose MPC has a dubious record when it comes to spotting and defusing credit bubbles. In addition, the FPC will be required to take into account the impact of its measures on economic growth, which could effectively prevent it from halting excessive credit growth. whatsapp Show Comments ▼center_img Tags: NULL NEW COMMITTEE: THE BASICS More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKansas coach fired for using N-word toward Black playerthegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.com KCS-content last_img read more

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Debenhams upbeat despite tough market

first_imgTuesday 15 March 2011 4:45 am Debenhams said it was well placed to cope with a worsening consumer market by focussing on growing profit margins rather than chasing sales.The department store chain, which trades from 166 stores in Britain, Ireland and Denmark and about 60 franchised outlets in 23 countries, forecast first half pre-tax profit in line with a market consensus of about £128m but said trading across the high street was likely to be difficult in its second half.“Rises in taxation, alongside inflation and the wider economic issues will undoubtedly continue to have a negative impact on consumer disposable income. In the short term we believe retailers are not going to get much help from the macro economy,” chief executive Rob Templeman told reporters.“We believe that our focus on driving cash margin rather than just chasing sales will continue to benefit our P&L (profit and loss) over the next few years,” he said.Templeman said Debenhams would continue to press “self-help levers,” such as driving up the proportion of higher margin own bought products in its sales mix to offset the impact of input cost pressures, particularly cotton prices and Asian wage inflation.But he said he expected clothing prices across the high street to rise 6 to 8 percent this year as input cost inflation was passed on.The firm would also invest in new store openings and store refits, as well as growth online and overseas.Last week a survey showed retail sales in February fell at their fastest annual pace in ten months, while Home Retail, owner of Argos and Homebase, issued a profit warning. whatsapp Debenhams upbeat despite tough market John Dunne 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 Wrapcenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todaymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp Sharelast_img read more