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BHP deal with Rio faces defeat

BHP deal with Rio faces defeat

first_img KCS-content whatsapp Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoForbes14 Richest Black Billionaires RankedForbesUndoOpulent ExpressNewborn Quadruplets Left Doctors Staggered — They Are One In A MillionOpulent ExpressUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Global miners BHP Billiton and Rio Tinto expect their $116bn iron ore joint venture will fail to gain regulatory approval. Mining executives involved in the process said yesterday that competition regulators in various jurisdictions had rejected the two miners’ arguments that the venture would not have price-setting power. “It’s dead and the coffin’s being lowered into the ground. It’s a matter of finding a face-saving way out in the coming months,” said one senior mining executive to the Sydney Morning Herald. whatsappcenter_img BHP deal with Rio faces defeat More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Show Comments ▼ Thursday 19 August 2010 8:48 pm Tags: NULLlast_img read more

Prezzo revenue rises as its new outlets pay off

Prezzo revenue rises as its new outlets pay off

first_imgWednesday 8 September 2010 8:01 pm Show Comments ▼ KCS-content More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.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‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Prezzo revenue rises as its new outlets pay off whatsappcenter_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 PIZZA restaurant chain Prezzo yesterday reported a 21 per cent rise in first-half adjusted pre-tax profit, helped by new restaurant launches and improved margins, and said it was confident for the rest of the year.The company, which opened seven new restaurants during the first half, said current trading was in line with expectations.January to June pre-tax profit was £6.2m compared with £5.1m a year ago.Revenue grew 11 per cent to £48.4m. Overall branch profit margin was 14.4 per cent, compared with 13.5 per cent last year.Prezzo, which recently agreed to buy 11 leasehold sites together with the Caffe Uno trade mark for £3.1m, said its recent trading gave it the confidence to reactivate its wider expansion plans.Prezzo chairman Michael Carlton said: “We are encouraged by the level of trading that we have seen in recent months and this has given us the confidence to reactivate our wider expansion plans. As a result, the board is confident of delivering a positive outcome for 2010 as a whole.” Prezzo shares have gained 67 per cent in value since the beginning of the year. Share Tags: NULL whatsapplast_img read more

ArcelorMittal bids for Canadian miner

ArcelorMittal bids for Canadian miner

first_img Share Monday 8 November 2010 8:03 pm Show Comments ▼ More From Our Partners A 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.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comInside 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.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com KCS-content ArcelorMittal, the world’s largest steelmaker, offered C$433m (£267m) for Canadian miner Baffinland Iron Mines yesterday, in a further move to raise self-sufficiency.Baffinland said its board had approved the offer, which values the company at C$1.10 a share, a premium of 16 per cent over the stock’s closing share price on Friday.Baffinland has been looking for partners for its C$4bn Mary River project for about two years. The project has reserves of about 365m tons of ore grading an average of 65 per cent iron, and about 500m tons of ore resources. Baffinland urged its shareholders to tender their shares. ArcelorMittal has been seeking to expand its own production of and long-term contracts for iron ore and coal, particularly as major suppliers Vale, Rio Tinto and BHP Billiton move to quarterly from annual contracts and pump up prices.The agreement marks a further push by steel majors into Canadian iron ore exploration after India’s Tata Steel increased its investment in New Millenium Capital Corp in June..Baffinland’s largest shareholder, Resource Capital Funds, which owns about 23 per cent, and board members have agreed to tender all their common shares and warrants. center_img whatsapp Tags: NULL ArcelorMittal bids for Canadian miner 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.comMisterStoryWoman 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 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 CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionlast_img read more

BEST OF THE BROKERS

BEST OF THE BROKERS

first_imgSunday 5 December 2010 10:49 pm BURBERRYSeymour Pearce rates the luxury fashion retailer a “buy”. The broker believes the company has transformed its operations since the financial crisis and reinforced its image as a “must have” brand. It now looks set to outgrow its market peers with yearly profit growth expected to be 20 per cent in future.GREENE KINGNumis is upgrading its forecasts by an average of 2 per cent for Greene King. First half profit is up 17 per cent to £73.1m with all divisions posting positive trading and margin growth. With the dividend up 6.8 per cent to 6.3p, the target price rises from 500p to 525p. Numis believes there could be further upgrades in the next six months.STHREESThree’s recovery continues and Evolution Securities recommends a 500p price target. Gross profit is down 2 per cent to £167m. But with a robust performance and slightly lower consultant numbers during the fourth quarter, Evo expects to see a slight profit outperformance when the company reports for the full year. BEST OF THE BROKERS More From Our Partners Native 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.orgA 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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp Share KCS-content Show Comments ▼ whatsapp Tags: NULLlast_img read more

Firms up in arms at £2bn tax raid

Firms up in arms at £2bn tax raid

first_img whatsapp Firms up in arms at £2bn tax raid KCS-content Monday 6 December 2010 9:28 pm Tags: NULL THE government yesterday announced a clampdown on tax avoidance which it said would raise £2bn, drawing fierce criticism from business groups.David Gauke, the Treasury minister in charge of taxation, announced a raft of measures, including two that will come into force with immediate effect. He said the changes would raise £2bn by the end of the parliament. Businesses slammed the government for failing to give them prior warning of the changes, insisting the knee-jerk action was at odds with its oft-repeated aim of providing a stable tax environment. Neal Todd, tax partner at law firm Berwin Leighton Paisner said: “What is disappointing is that the government wants to bring these changes in with immediate effect. “If you wake up in the morning and the law is not the same as when you went to bed, then it’s not good for businesses which want to plan.” In a written statement to the House of Commons, Gauke said the government was introducing legislation to crack down on firms which manipulate intra-group loans or derivatives to reduce their corporation tax bills, a procedure known as “mismatching”.The second piece of legislation, which also came into effect yesterday, will clamp down on schemes where firms do not include taxable loans or derivative contracts in their accounts. “As a result of persistent avoidance… the government is announcing that the legislation will now apply… wherever a company is a party to tax avoidance arrangements,” Gauke said. There are other measures in the pipeline, designed to crack down on:• the use of trusts to avoid paying income tax or national insurance on an employee’s pay;• the creation of foreign exchange losses or gains in the accounts of investment firms;• and the manipulation of VAT rules in so-called “supply splitting”.But it was the prospect of a new General Anti-Avoidance Rule (GAAR) that caused the most alarm. The rule, which was dismissed by the Labour government as “unworkable”, would give HMRC much more freedom to decide what constitutes tax avoidance.Will Morris, head of the CBI tax committee, said a GAAR “would introduce a very unwelcome element of uncertainty to the tax system”.Chancellor George Osborne rushed out the anti-avoidance measures as a sop to his Liberal Democrat coalition partners, who are under siege after reneging on a landmark pledge to oppose a hike in tuition fees. An aide to Clegg told City A.M.: “The tax avoidance crackdown is a Lib Dem policy through and through. It shows we are making a difference by being in government.” Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp Show Comments ▼ last_img read more

Official: CDS didn’t cause Greek tragedy

Official: CDS didn’t cause Greek tragedy

first_img whatsapp whatsapp KCS-content Tags: NULL AN EU investigation revealed yesterday that trading in sovereign credit default swaps did not cause a spike in borrowing costs for states such as Greece this year.The report, commissioned by EU finance ministers in March, found “no conclusive evidence” that developments in the CDS market affected the cost of state borrowing.It praised the “efficiency of CDS markets in sovereign debt” and said they had little influence on bond yields even where governments faced funding difficulties.“CDS spreads for the more troubled countries seem to be low relative to the corresponding bond yield spreads, which implies that CDS spreads can hardly be considered to cause high bond yields for these countries,” the report said.It follows tough new European Commission proposals published in September that aim to tighten rules on short selling and restrict trading of CDS on sovereign debt, where investors effectively take a short position on EU government bonds.But a UK member of the European Parliament, Syed Kamall, lashed out at the draft legislation.“The paper says that restrictions on credit default swaps of sovereign bonds is bad policy. Yet this is exactly what the Commission regulation is pushing for,” he said.The Conservative MEP, said a crackdown on sovereign CDS could push up yields on government borrowing.“With rapidly rising bond yields in Ireland, Portugal, Spain and Italy, we certainly should not be adopting policies that could make these yields rise further,” he said.The report concluded that CDS trading even helped lower the cost of funding sovereign deficits, as by insuring the debt they enabled institutional investors to take on more and kept yields for troubled countries “lower than otherwise would be possible,” it said. Tuesday 7 December 2010 9:04 pmcenter_img Share 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 TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Show Comments ▼ 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.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.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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Official: CDS didn’t cause Greek tragedy last_img read more

BAA chief to forego bonus amid snow chaos

BAA chief to forego bonus amid snow chaos

first_img Wednesday 22 December 2010 3:11 pm alison.lock whatsapp BAA chief executive Colin Matthews has said he will voluntarily give up his 2010 bonus as Heathrow struggles to perform in the snow and ice.BAA, which owns and runs Heathrow as well as others including Stansted, Edinburgh, Glasgow and Southampton, said his focus was on helping the thousands of passengers stranded in freezing conditions as flights have remained grounded for days.Heathrow is now running about two thirds of its services but its second runway has been closed since the weekend after heavy snowfall on Saturday. Passengers hoping to fly home for Christmas and New Year have been left stranded and told not to travel to the airport.“I have decided to give up my bonus for the current year. My focus is on getting people moving and rebuilding confidence in Heathrow,” Matthews said in a statement.BAA has been criticised by Mayor of London Boris Johnson and others for being too slow to de-ice aircraft stands and clear the runway for flights when other European airports have been functioning better.Matthews’ salary and benefits were worth an estimated £994,000 last year. He has not disclosed how much his bonus was worth. Tags: NULL Share Show Comments ▼ BAA chief to forego bonus amid snow chaos More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comA 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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapplast_img read more

Banks support FTSE amid broad-based gains

Banks support FTSE amid broad-based gains

first_img alison.lock Banks support FTSE amid broad-based gains More From Our Partners A 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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.com LONDON’S FTSE made strong gains today as bank shares surged and sovereign debt fears receded.Athough stocks gave back some of the day’s earlier gains by the market close, the leading index closed closed up 57.73 points or one per cent at 6,014.03.It ended a three-day losing streak and stayed ahead of the 6,000 mark. Banks led the gains, led by Barclays after chief executive Bob Diamond gave evidence to the Parliament Treasury Select Committee on bonuses.Barclays closed up 5.53 per cent at 292p on news that the UK will not levy any additional taxes on the expected £7bn bonus pool and banks will instead be asked to raise business lending by ten per cent, or £20bn.Societe Generale also issued a bullish note on the European banking sector, upgrading it to “overweight”; and Citigroup published upgraded HSBC to “buy” from “hold”, pushing shares in HSBC, Lloyds and RBS all higher. whatsapp whatsapp Capital Shopping Centres lost ground after Simon Property dropped its indicative bid, losing 2.75 per cent to 381.70p.And in the FTSE 250, home furnishings retailer Dunelm fell 5.78 per cent to 497p after reporting a tough time run-up to Christmas, with its out of town retail locations hit by snow.“After subdued trading for much of December, we have seen a return to more normal volatility this week – and this could be set to increase on Wednesday with the Portuguese bond auction and what this could mean for confidence in European sovereign states,” said Anthony Grech, head of research at IG Index.“Markets will be only too mindful of how quickly positive sentiment evaporated in November as the Ireland situation worsened, so the next couple of days have the potential for big swings in equities.” center_img Tags: NULL Miners also performed well, with Kazakhmys up 3.87 per cent to 1,612.00p. Chip-maker Arm Holdings was the FTSE 100’s biggest riser, back up after a bout of profit taking after its ground-breaking deal with Microsoft last week. It closed up 6.99 per cent to 497.50p. Builder supplies group Wolseley gained 5.93 per cent to hit 2,179p after both Citigroup and Deutsche Bank raised their price targets, Citi’s up to 3000p. Builders merchant Travis Perkins also rose in sympathy. 
Among smaller caps, Bluetooth chip specialist CSR closed far ahead as the main market’s biggest riser, up 16.01 per cent to 413p after settling a $67.5m patent infringement case brought against its subsidiary SiRF by Broadcom.Kitchen fitter Howden Joinery also rose 10.05 per cent to 116.10p on a strong Christmas trading update.Medical devices firm Smith & Nephew fell prey to profit takers after a share price spike yesterday on reports of a bid approach from Johnson & Johnson. It lost 5.9 per cent to close at 670p today. Share Show Comments ▼ Tuesday 11 January 2011 4:43 pm Marks & Spencer also fell after its latest trading update showed group sales rose four per cent in the final quarter of 2010. While analysts’ responses were generally favourable, its cautious 2011 outlook put some investors off.last_img read more

BILL OF THE WEEK

BILL OF THE WEEK

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof BILL OF THE WEEK Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeRest WowTry Not To Laugh At These Pets Sleeping Anywhere But Their BedRest WowDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMold Removal | Search AdsBathroom Mold Removal Tips That Might Surprise Most AmericansMold Removal | Search AdsYahoo! SearchSearch For Emergency Water Damage Service Near MeYahoo! SearchTotal Battle: Tactical War GameThis Game Can Train Your Brain To Think StrategicallyTotal Battle: Tactical War GameHigh TallyCelebrity Couples Who Are In It For The Long HaulHigh TallyMagellan TimesJada Pinkett Smith Opened Up About Her Son Saying The Words No Mom Wants To HearMagellan TimesGloriousaMother Set Up A Hidden Camera, Her Husband Was Caught In The Act…GloriousaNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For Seniors Share KCS-content center_img Sunday 23 January 2011 10:06 pm whatsapp SIX thirsty city workers indulged in a cocktail swilling session at Odette’s Restaurant in Primrose Hill last Thursday to celebrate bonus day. And their big bonus splash-out also involved a bottle of Puligny Montrachet at £90 a pop.Ironically, the wine is known as “Scabby Hill” (Mont Rachaz) but we’re not sure this was reflected in their other indulgences, which included three classy bottles of Dom Perignon at £540 in total and a bargain-value bottle of plonk, Gevrey Chambertin, at £88.For the service charge of £113, venison pie and battered fish was served as blotting paper, alongside some platters of smoked salmon and chicken wings.It must have been hard to haul their overloaded bodies from the comfy sofas at 3.09pm, when the bill was paid, amounting in total to £1,020.38. Tags: NULL whatsapplast_img read more

ABB growth forecast boosted by fourth-quarter power contracts

ABB growth forecast boosted by fourth-quarter power contracts

first_imgWednesday 26 January 2011 7:10 pm SWISS engineering group ABB expects to report double-digit net income growth after winning a large number of power infrastructure orders in Europe and the Middle East in the fourth quarter of 2010.High levels of industrial activity in most regions were supporting its short and mid-cycle businesses in the automation and power sectors, ABB said yesterday.The company said it expected a broad recovery in utility investments for power transmission equipment later in 2011.“All their guidance appears to be in line with what I was looking for,” said Helvea analyst Alessandro Migliorini.ABB shares closed 1.5 per cent up at Sfr22.61 (£15.07) in the Swiss market. The company said charges of approximately $120m (£75.6m) in the power systems division, mostly related to a cable project, will be included in fourth-quarter 2010 reported earnings before tax.“The real issue is the provision which is disappointing but I think people will be prepared to see it as a one-off. It stands on the back of a project where they had already announced that there were issues,” Migliorini said.ABB said 89.4 per cent of shares in Baldor Electric had been tendered in an offer it made for the US industrial motors company, and that it was to buy the remaining Baldor shares at $63.50. With the Baldor deal, ABB expects to capitalise on a global push for energy efficiency and boost its North American presence. Share KCS-content whatsapp Show Comments ▼ whatsapp ABB growth forecast boosted by fourth-quarter power contracts Tags: NULL More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comlast_img read more