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Strong trading but the stock has had its day

first_imgWednesday 25 August 2010 8:20 pm Read This Next’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 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 ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ whatsapp Share Strong trading but the stock has had its day Tags: NULL whatsapp KCS-content WITH a moniker reserved for the highest-serving officers in the Navy, you’d expect Admiral to be sailing ahead of its competitors. At first glance, yesterday’s numbers don’t disappoint. It was UK motoring, where insurance rates grew 14 per cent, which put in the strongest performance. Customer numbers were up 23 per cent while the combined ratio – a key indicator of performance for insurers – held stable at 89 per cent (numbers under 100 indicate profitably). However, the main driver was growth in profit commission (the amount Admiral earns from sharing in the profits of the firms it underwrites for); this was up from £23m to £37m, but doesn’t reflect Admiral’s performance, just improving conditions for everyone in the industry. Elsewhere things were less rosy.?Confused.com profit fell from £11m to £9m after rival Compare the Market’s meerkat campaign won the marketing battle. Already trading on a hefty 20.3 times earnings, these shares have had their day. Investors should reduce. last_img read more

Pernod hit by weak trading in Eurozone

first_img whatsapp whatsapp KCS-content Tags: NULL 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.orgFlorida 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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative 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.org Pernod hit by weak trading in Eurozone FRENCH spirits giant Pernod Ricard said it expected a good year as emerging markets fuelled sales rises – but the upbeat statement failed to impress investors yesterday.Pernod posted net profit of €951m (£791.6m) for the year to the end of June, up one per cent on a year earlier. But shares in the world’s second-largest spirits group after Diageo closed down 2.4 per cent at €61.25 on the Paris exchange after the results missed analyst’ forecasts due to weaker-than-expected trading in Europe.The company, whose brands include Glenlivet whisky and anise drink Ricard does not give a detailed forecast for the year ahead until a shareholders meeting in November. However, chief executive Pierre Pringuet predicted a surge in sales in emerging markets, particularly in Asia. He added: “We are having a good start to the year … the world is doing better.” Pringuet also said there were “encouraging” signs in Europe but austerity measures to rein in government spending were taking their toll in Greece while Spain was still on a negative trend, he said.He added the UK is also part of that downward trend as the hangover from recession takes its toll.But the company’s Martell cognac and Chivas Regal scotch have proved popular in China and Latin America.Pernod also owns the Mumm champagne brand, which was the worst performer out of its top 14 labels. The Paris-based company has completed its €1bn asset disposal plan and was “well on track” to achieve its goal to generate free cash flow from operations of €3bn over the three years to 2010-11.Last week rival Diageo forecast slightly higher profits growth this year driven by developing markets but said the economic recovery was variable. Show Comments ▼ Thursday 2 September 2010 7:36 pm Sharelast_img read more

Next warns of 8pc hike in clothing prices

first_imgWednesday 3 November 2010 4:47 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMartha Stewart CBDShop Martha Stewart’s CBD Products NowMartha Stewart CBD whatsapp whatsapp Show Comments ▼ Next has warned customers that clothes prices could rise by as much as eight per cent in the new year as the cost of cotton continues to rise.Chief executive of the retailer Lord Wolfson said: “While there has been a 45 per cent rise in the price of cotton it accounts for only something like seven per cent or eight per cent of garment costs. But we have also seen some pressure on capacity and rising wages in the Far East.“Add those together with the rise in VAT in January and retail prices rises are likely to be at the top end of our earlier five per cent or eight per cent forecast.” center_img John Dunne Next warns of 8pc hike in clothing prices 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharelast_img read more

Pay code delay no problem, says FSA

first_img THE FSA has insisted that the coming bonus season will go smoothly despite late publication of the remuneration code which will govern payments. The guidelines have to comply with the Committee of European Banking Supervisors (CEBS) regulations, which have been delayed by a month to around 10 December. Banks will have to comply with the rules from 1 January. Concerns that this will throw the bonus season into disarray were dismissed by the FSA. A spokesman said: “It won’t change anything. There will be transitional rules for those who are currently not covered. We are working with the large firms to make sure that they are in the right shape.”Some disagree. “If banks are expected to meet their deadlines, it would be nice if CEBS and the FSA had met theirs,” said Nicholas Stretch of law firm CMS Cameron McKenna. “Reacting to changes in the middle of December is always difficult. People want a printed document that they can put on the table at remuneration meetings.” Share KCS-content Thursday 4 November 2010 10:47 pm Show Comments ▼ whatsappcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider Tags: NULL Pay code delay no problem, says FSA More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orglast_img read more

RUBENS AND CHARLES I WATCH LUXURY GONGS

first_img whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Life Monday 15 November 2010 8:32 pm KCS-content Show Comments ▼ RUBENS AND CHARLES I WATCH LUXURY GONGS Share THE great and good of the British luxury brands industry gathered for one of the biggest events of the year last night, as its lobbying group, Walpole, held its annual awards.In Whitehall’s Banqueting Hall, under the glow of a delicately lit ceiling of Rubens masterpieces and near the site where King Charles I was executed, ten brands won gongs for their success in serving an elite top slice of the market. Burberry carried the night with two awards, while other winners included Hublot, Hackett London and Six Senses Spas.Walpole CEO Julia Carrick – who assured The Capitalist that she takes a very “hands-on” approach to organising the event – opened the ceremony, speaking without notes. Wearing a sparkling, crystal-encrusted, pink gown and fending off compliments, she oversaw proceedings as Burberry scooped two prizes and Goodwood’s Lord March picked up the highest honour:?a personal award for his achievements.Speaking with him before the awards, The Capitalist asked what makes a luxury brand successful: “The authenticity of something is pretty important,” he said sagely. “Just making it up doesn’t carry weight.” As for which brands fit into which category, March was far too polite to comment. MOUTHS TO FEEDHere’s hoping the insurance brokers of Allianz Global Corporate & Specialty have been stoking up their appetites this autumn. Fresh food specialist caterer Lusso has just moved in to the atrium of the insurer’s Gracechurch Street office, stocking a café and a brand new restaurant for those who are just too busy to venture outside for their snacks. The £315,000 contract makes Allianz Lusso’s 22nd City firm, with others including financial advisory BDO and Investec.So what can lucky Allianz workers expect? The Investec canteen’s hot roast bar on Thursdays gets special praise, I’m told, and they’re reviewed overall as “generally pretty good”. Visitors to Investec’s CEO conference, meanwhile, held this week and next, can expect a kind of posh food court as the caterer ships Borough market goodies into the lobby. As for City Christmas parties, if you’re attending one in the next month, there’s a good chance that trays of delectable Lusso canapés will be sliding past your eager gaze: MD Paul Hurren says the firm is catering for thousands of City folk in just the next month.LAWS-LESS Finally! Right-wing City politicos have a home again thanks to the tireless efforts of one Alan Mak of Clifford Chance. Mak reconvened the long-dormant Conservative City networking group City Future in Canary Wharf last week, as exchequer secretary to the treasury David Gauke MP came to address a gathering of 150 young professionals.Speaking on the 30th floor of Clifford Chance, overlooking the shimmering facades of HSBC, Barclays and Citigroup, Gauke called British financials a “vital industry” and said it was good to be back inside a City law firm “without having to think about filling in a time sheet”.Despite eager curiosity from his audience, Gauke claimed that any budget secrets were “above my pay grade” – but that he definitely knew more than first secretary Danny Alexander. Alas, it seems the Treasury is still mourning the loss of short-lived first secretary David Laws.JEDWARD RETURNSEver wondered how wacky brother double act Jedward are making a quick buck these days, nearly a year after the last X Factor season ended? Well, neither did we, until an invite to the Christmas party of newly merged best pals Orange and T-Mobile popped into the inbox. The guest of honour? The indomitable tuneless twins themselves. What’s more, in order to honour the new-minted merger and to prove the strapline that “two is better than one”, they’ll be dyeing their hair: one bright orange, the other pink. The future’s trite, it seems. Tags: NULLlast_img read more

Retailers may have to eat own margins

first_imgWednesday 17 November 2010 8:47 pm KCS-content Retailers may have to eat own margins whatsapp Show Comments ▼ THE chilled convenience food market is ripe for consolidation. In recent years, the major players have lacked the scale needed to secure a decent return from powerful supermarket retailers. Investment has fallen, taking its toll on the quality of products. For that reason, the marriage of the two leading chilled players in the UK market makes perfect sense. If the almost nil premium merger goes ahead, the rest of the compeition will pale in comparison. Icelandic Bakkavor has struggled since the island’s banking woes, while RF Brookes, the chilled unit of Premier Foods, is looking tired. The pair expect to make some £40m in cost savings, 90 per cent of which will be achieved in the first two years. Crucially, these synergies are not based on a predicted surge in revenues, which might never materialise; instead, Essenta (as the new company will be known) will save £15m by cutting overheads; £20m on more efficient procurement; and £5m by moving Northern Foods’ tax domicile to Ireland (a rare piece of good news for that emerald isle). However, the main advantage is the extra clout that Northern Foods and Greencore can expect in the future. The proposed merger will create a clear number one player in private label ready meals, coupled with a handful of successful brands. With annualised sales of around £1.7bn, it will be a force to reckon with: supermarkets might have to eat into their own margins instead of their suppliers’. Shareholders should support the merger. Northern and Greencore would have a less certain future if they went it alone. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoWolf & ShepherdNFL Star Rob Gronkowski Loves These ShoesWolf & ShepherdUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoLiver HealthAdvertisement 1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoCompressaWhy Physical Therapists Are Recommending This Knee SleeveCompressaUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndo 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 whatsapp Tags: NULL Share Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead Morelast_img read more

IRISH BAILOUT FAILS TO CHEER INVESTORS

first_img whatsapp Tags: NULL Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe 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 Farm Markets fall and bond yields continue to riseCowen resists snap election call ahead of budgetUK confirms intention to offer £7bn in loansMARKET turmoil failed to subside yesterday in spite of the announcement of a multi-billion euro Irish bailout.As the Irish governing coalition threatened to fall apart and independent MPs said they would vote against the emergency budget needed to secure the aid, investors fled stocks and the yields on peripheral Eurozone sovereign debt rose.Despite initially rallying, the Eurostoxx 50 fell two per cent to close at 2,811 yesterday, while the Irish ISEQ?20 index dropped 1.9 per cent to close at 445 and the FTSE 100 closed down 1.7 per cent at 5,683.The yield on European government bonds rose, reflecting that most buyers were not reassured by Ireland’s application for cash. Irish 10-year gilt yields rose to 8.1 per cent, Spanish 10-year gilt yields closed up at 4.74 per cent and Portuguese 10-year yields closed down at 6.72 per cent having risen from a low of 6.7 per cent.The cost of insuring Eurozone debt also jumped in response to renewed uncertainty about Ireland’s fate. Five-year credit default swaps (CDS) rose 25 basis points to 530bps (a cost of €530,000 or £453,000, to insure €10m of debt) and Portuguese five-year CDS rose 40bps to 460bps. Traders also dumped the euro, with the single currency falling against sterling from 86p to 85p and against the greenback from $1.38 to $1.36.Market fears were driven by the bailout’s political fallout, which threatened to spiral out of control yesterday. Rebel independent MPs said they may withdraw support for Ireland’s austerity budget – a necessary precondition of the European bailout.With the governing coalition having a majority of just three and upcoming by-elections liable to wipe out even this advantage, the defection of several independents could threaten its ability to pass the controversial emergency budget due in early December. Failure to pass the budget for 2011, which is to make €6bn worth of cuts, would hasten the likely inevitable demise of embattled Prime Minister Brian Cowen.And in a further blow, coalition partner the Green Party dramatically announced it will walk away from the partnership, calling for a general election in January to oust the PM.The Greens say they will still back the austerity measures but even this will not guarantee their success if the government loses the impending by-elections.Analysts believe a complete collapse of the rescue package is unlikely, however, as opposition Labour and Fine Gael MPs are also desperate to see the deal go through and would almost certainly allow the austerity bill to be passed. In a worst-case scenario, in which the bill is rejected and the government collapses, it is understood Europe will allow time for a new government to be formed rather than completely withdrawing the bailout package.Last night, Cowen vowed to soldier on until the bill is passed but said he would then call an election. He said: “It has always been my intention to ensure we get the job done… It is my intention at the conclusion of this budgetary process… to seek the dissolution of [parliament] to enable the people to determine who should undertake the responsibilities of government.”The developments have left Portugal looking particularly exposed, with bears fearing it could be the next Eurozone domino to fall.Prime Minister Jose Socrates was defiant, claiming: “The country does not need any help,” but markets reacted negatively, raising the cost of insuring its debt by 40 basis points.Greece was also hit hard, with credit default swaps on Greek government debt rising to over 1,000 basis points, meaning bond-holders will have to pay more than €1m to insure €10m of its debt for five years.Chancellor George Osborne confirmed yesterday the UK would commit around £7bn to the Irish rescue. IRISH BAILOUT FAILS TO CHEER INVESTORS Share Monday 22 November 2010 8:54 pm KCS-content whatsapplast_img read more

Australia ducks rates change

first_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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Tags: NULL Interest rates were kept at 4.75 per cent yesterday, after the Reserve Bank of Australia (RBA) held its December meeting. In November, rates increased by 0.25 per cent. Bank governor Glenn Stevens cited inflation and growth in China and India in a speech that was slightly more hawkish than expected. However, he also said that trouble in some Eurozone economies is a concern. KCS-content whatsapp Tuesday 7 December 2010 8:10 pmcenter_img Show Comments ▼ Australia ducks rates change whatsapp More From Our Partners Russell 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.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Sharelast_img read more

London bounces back despite worries over economic future

first_img 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’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 whatsapp LONDON’S businesses are recovering strongly from the recession, a survey revealed yesterday.More than two in three (68 per cent) businesses in the capital plan to expand in the coming six months, while hiring intentions are rocketing.Last year only 11 per cent of employer planned on hiring at normal rates. Yet now 45 per cent will be recruiting, according to the survey conducted by the CBI with consultants KPMG.And the proportion of companies planning to make redundancies over the next six months fell to 29 per cent, from 53 per cent a year ago.This is despite lingering concerns over the state of the economy.Twice as many managers were pessimistic about the economy as optimistic.There was positive news for the coalition, though, with an extraordinary 97 per cent of respondents supporting the spending cuts. Earlier this year the Centre for Economics and Business Research showed that London has the lowest reliance on government spending out of all regions. London’s proportion of GDP reliant on the state is 15 per cent lower than the UK average, they said.Yet businesses are unhappy at levels of burdensome regulation, with 63 per cent saying this has become worse over the last year.“The government must find the right balance between maintaining essential legislation and cutting unnecessary red tape,” said Sara Parker of the CBI.And 69 per cent of respondents said the Conservatives’ proposed cap on immigration would negatively affect their recruitment from overseas. Show Comments ▼ Share 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 AthletesBetterBeElite 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 FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition London bounces back despite worries over economic future center_img KCS-content whatsapp Monday 13 December 2010 9:03 pm Tags: NULLlast_img read more

Conran narrows its losses

first_img Luxury designer and restaurant firm Terence Conran is facing better fortunes, despite reporting losses this year. The firm reduced losses to £806,000, far lower than the £8m reported in 2009. Conran Holding’s fortunes were revived after it launched a value range in its London shops. Chief executive Roger Mavity said that the new line attracts younger consumers to the stores. “So for example you can get very nice dining chairs for £80 or light fittings for £30,” Mavity said. The firm also expanded its London presence with a store on Marylebone High Street. Its flagship London store and restaurant are in Chelsea, and it has other stores in New York, Paris and Dublin. Show Comments ▼ Share whatsapp Conran narrows its losses KCS-content center_img 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute whatsapp Wednesday 15 December 2010 7:56 pm 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 Tags: NULLlast_img read more