Greece starts bank sell-off

first_img Tags: NULL KCS-content Thursday 26 August 2010 8:59 pm Share Greece starts bank sell-off whatsappcenter_img whatsapp GREECE’S government took a step toward offloading its stakes in ATEbank and Hellenic Postbank yesterday when it named Deutsche Bank, HSBC and Lazard as advisers.A statement said the three investment banks would “explore and assess the Greek state’s strategic options, evaluate its holdings in the banking sector and assess the consequences of such options”.Athens needs to raise at least €1bn (£817m) each year between 2011 and 2013 as a condition of its European Union bailout in May. Its 77.3 per cent holding in troubled farm lender ATEbank and 33 per cent stake in healthier Hellenic Postbank are expected to be the first assets on the block after Piraeus Bank, Greece’s fourth-largest lender, offered €701m in cash for the shares.State-owned energy, infrastructure and utilities companies are also expected to be handed over to the private sector over the next three years.Juergen Michels, chief Eurozone economist at Citigroup, told City A.M.: “Everyone knows they’re under pressure to sell, so the worry is they may not get the right prices.”Finance minister George Papaconstantinou said there was “light at the end of the tunnel after months of complete darkness”. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comlast_img read more

Dana will be sold at £1.9bn, market says

first_img whatsapp KCS-content 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia INVESTORS and analysts said it was “game over” for Dana Petroleum last night after the state-owned Korea National Oil Corporation (KNOC) stuck with its £1.9bn takeover offer.KNOC called Dana’s bluff a day after the Aberdeen-based exploration company put out a defence document arguing for a much higher offer. Dana, led by pugnacious chief executive Tom Cross, had put the case for a bid of between £22.70 and £24.65 per share based on an independent valuation of its pipeline projects.But KNOC yesterday refused to raise its £18 per share approach. Emboldened by the absence of a counter-bidder, the Far Eastern sovereign firm gave shareholders until 23 September to accept its offer. It added: “KNOC does not require the support of the board of Dana to proceed with this transaction.”Dana shares fell 1.3 per cent to £17.85 as the market assumed a done deal at £18 per share. Investors, some of whom have been irked by Cross’ dogged refusal to engage with KNOC, said the Koreans were close to victory.One told City A.M.: “If 31 per cent of the shares are in the hands of arbs [hedge funds] and they tender their stock – which we intend to do too – it’ll quickly be more than 51 per cent and it’s game over for Dana.”Keith Morris at Evolution Securities said the market’s reaction pointed to a successful hostile buyout but suggested Cross would fight to the end. “He won’t give up easily,” Morris said. Share Dana will be sold at £1.9bn, market says center_img Thursday 9 September 2010 8:32 pm Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com whatsapp Tags: NULLlast_img read more

Jim O’Neill to take new role at Goldman

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com whatsapp Sunday 12 September 2010 10:35 pm Show Comments ▼ Tags: NULL Share whatsapp Jim O’Neill to take new role at Goldman KCS-content JIM O’Neill, chief economist at Goldman Sachs, has been appointed to the newly created role of chairman of the bank’s asset management division, the bank announced this weekend. O’Neill will advise clients on investment strategies but will also continue to comment on key economic issues. His appointment is subject to regulatory approval from the Financial Services Authority (FSA), which last week fined Goldman Sachs – which currently has $800bn (£520bn) assets under management – £17.5m for failing to warn that one of its staff was implicated in fraud charges in the US. It is understood that the firm will not name a new chief economist. Instead O’Neill will retain some of his previous responsibilities, while the rest will be shared out among the remaining economists at the bank.Earlier this year O’Neill was identified as a member of a group of wealthy investors, known as the Red Knights, who hoped to lead a buyout of Manchester United. He was also responsible for the creation of the acronym BRICs for the emerging market economies of Brazil, Russia, India and China. “Jim brings broad experience across asset classes, a track record of identifying important investment trends and strong relationships with clients around the world,” said Ed Forst and Tim O’Neill, the global co-heads of the Investment management division of Goldman Sachs, to whom O’Neill will report. “His powerful voice in the global investment community will help us continue to demonstrate the value we add for our clients.” last_img read more

Michelin aims to raise £1bn in growth bid

first_imgTuesday 28 September 2010 10:34 pm KCS-content Share whatsapp 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 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ whatsapp FRENCH tyremaker Michelin has unveiled a deeply discounted €1.2 bn (£1.02bn) rights issue to fund growth in booming emerging markets and set new long-term sales and profit goals.Michelin said yesterday it was now targeting operating profit before non-recurring items clearly above €2bn by 2015, a 25 per cent increase in sales volumes by 2015, and a 50 per cent rise in volumes by 2020.Managing partner Michel Rollier confirmed 2010 targets set in July for positive free cash flow, an operating margin close to nine per cent, and an increase of more than 10 per cent in sales volumes.Fellow managing partner Jean-Dominique Senard said sales would probably grow 10-12 per cent this year.Senard said the company saw 45 per cent of sales coming from emerging markets by 2020, compared with an estimated 33 per cent this year. The group would need the equivalent of one new factory per year in extra capacity in the coming years, he said.Michelin is already due to open three new factories in 2012.The company said it would achieve “significantly positive” free cash flow in 2010-2015 and would keep its dividend payout ratio at around 30 per cent over that period.Michelin set a subscription price of €45 per share for the capital increase and said investors were entitled to buy two new shares for every 11 they held.Citigroup has been taken on by Michelin to advise on the issue. Tags: NULL Michelin aims to raise £1bn in growth bid last_img read more

Interest rates frozen again

first_img The Bank of England has frozen UK interest rates at a record low of 0.5 per cent for the 19th consecutive month.The Monetary Policy Committee’s (MPC) decision had been expected, despite calls from one member to raise rates to combat high inflation.Andrew Sentence is the only MPC member to call for a raising of interest rates.The Bank also said it would not be expanding its £200bn quantitative easing (QE) programme. Interest rates frozen again by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Share John Dunne center_img Thursday 7 October 2010 7:44 am whatsapp whatsapp Tags: NULL Show Comments ▼last_img read more

Johnson: tax bankers to soften cuts

whatsapp That amounts to an extra £7.5bn of tax rises on top of those set out by Labour before the election, meaning the party would now only cut spending by in real terms £44.5bn compared to £52bn. The coalition is planning real terms spending cuts of £83bn. Aides to Johnson said he was agnostic about how to raise the extra revenue from banks, but that the entire £7.5bn package would be spent on capital projects. He would cut capital spending by 17 per cent, compared to the 33 per cent pencilled in by Darling. Like Darling, chancellor George Osborne has adopted a ratio of around 70 per cent cuts to 30 per cent tax rises, although he wants to achieve a much larger consolidation of £113bn by 2014-15. Johnson said his plans implied cuts to departmental expenditure of £34bn or eight per cent, almost half of the coalition’s 14 per cent or £61bn of departmental cuts.QUOTES FROM ALAN JOHNSON’S FIRST MAJOR SPEECH AS SHADOW CHANCELLOROn the deficit:“The government suggests that the deficit was avoidable and the emergency Budget unavoidable. The truth is actually the reverse. The deficit was unavoidable and the Budget was not only avoidable, but wrong.”On taxation:“We will support the rise in Capital Gains Tax in the emergency Budget. There is also a case for freezing the basic rate limit in 2013-14 as proposed. And let me be clear – we are not proposing to halve the deficit with increases in personal taxation beyond those already announced.”On another banking levy:“The government, which claims ‘fairness’, has put itself in the absurd position of saying that children should play a bigger role in getting the deficit down than the banks. The banking sector is contributing £2.4bn, while child benefit freezes and cuts will raise substantially more. So families take the strain while bankers grab the bonuses.”On Labour’s plans for cuts:“We’re not in the business of doing a shadow spending review. But we will be clear on the scale of cuts we think is necessary. And it is significantly less than the government believes is right.” whatsapp Show Comments ▼ ALAN Johnson yesterday unveiled Labour’s strategy for reducing the deficit, backing his predecessor’s plan to halve it within four years but arguing for higher taxes on banks to soften the blow of spending cuts. Speaking to an audience of accountants at KPMG’s headquarters, the shadow chancellor said Alistair Darling was right to plan to halve the deficit by 2014-15, but that he had “looked again at the way in which we deliver that reduction”. He added: “My view is that specific, targeted tax changes need to do more of the work”.Proposing a split of around 60 per cent spending cuts to 40 per cent tax hikes, Johnson said Labour would raise £7.5bn more in taxation than Darling had planned, but that it still wanted to achieve an overall fiscal consolidation of £83bn in real terms by 2014-15. Johnson said he would back the coalition’s £2.5bn banking levy, as well as £1.5bn of further tax increases, such as freezing the income tax threshold for higher rate payers from 2013 and increasing capital gains tax.But the centrepiece of his speech was a plan to raise a further £3.5bn from the banks, either through a repeat of Darling’s bonus tax or via some kind of levy on remuneration and profits. KCS-content Tags: NULL Monday 18 October 2010 8:02 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Share Johnson: tax bankers to soften cuts read more

Defensive luxury

first_img whatsapp Defensive luxury 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Show Comments ▼ KCS-content Share Sunday 24 October 2010 11:07 pmcenter_img DESPITE talk of a flight to quality, received wisdom tells us that consumers should cut back on fripperies in hard times. Yet luxury firms of all hues are doing remarkably well. Take Apple, the tech giant that only sells high-end products: it has continued to post ever-rising profits and revenues throughout the recession, smashing its own records in the process. LVMH, the luxury goods firm behind Moet champagne and Louis Vuitton handbags, is another case in point. In the three months to end of September, it grew organic revenues by 14 per cent, with all product categories notching up double digit sales growth.Burberry, a contender for company of the year in this week’s City A.M. awards, is also in fine fettle, turning its attention to the new wealthy classes in emerging markets. Hermes, now the subject of LVMH’s affections, is finding new custom among the fashionistas in China and India too; in the first half, it posted sales growth of 20 per cent, thanks in large part to these customers. Yesterday, LVMH said its 17 per cent stake in Hermes was a strategic investment in “one of the jewels of the luxury industry”. This looks like stake building, even though LVMH denies anything of the sort. LVMH trades at a well-deserved five per cent premium to the rest of the sector. This deal makes the stock an even better [email protected] whatsapp Tags: NULL Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

Coca-Cola offers $4.5bn in debt

first_img whatsapp Show Comments ▼ Tags: NULL Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA 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.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Coca-Cola Co hit the market yesterday with its largest ever debt offering of $4.5bn, including a three-year tranche at one of the lowest interest rates ever in the high grade corporate bond market. The offering comes as the soft drink company aims to take advantage of low rates. Coke is offering to buy back a range of debt securities in a tender offer, including three-year notes at a coupon of 0.75 percent, which tied it with the deal obtained last month by Wal-Mart . center_img whatsapp Friday 5 November 2010 12:29 am Coca-Cola offers $4.5bn in debt 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 CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider KCS-content last_img read more

EMC set to buy its smaller rival Isilon in $2.3bn deal

first_img EMC, the biggest maker of corporate data storage equipment, plans to buy smaller rival Isilon Systems for $2.25bn (£1.4bn) as consolidation in the technology sector gains steam.EMC’s $33.85-a-share cash offer for Isilon, announced by both companies yesterday, represents a 29 per cent premium over Isilon’s closing share price on Friday. Isilon shares were at $33.77 in afternoon Nasdaq trade, just eight cents shy of the offer price.The growing popularity of online video from media companies, and new software from industries like life sciences, particularly related to gene sequencing, are expected to generate exponentially large amounts of data.Data storage companies have been among the hottest targets in the recent round of consolidation as they play a crucial role in “cloud computing” – the use of technology to access remote computing power and data over the Internet. KCS-content whatsapp Show Comments ▼ EMC set to buy its smaller rival Isilon in $2.3bn deal Tags: NULL More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.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.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.com Share whatsapp Monday 15 November 2010 7:56 pmlast_img read more

Lloyds chief in plea to avoid a forced break-up

first_img Tags: NULL Share KCS-content Wednesday 24 November 2010 9:06 pm LLOYDS Banking chief Eric Daniels yesterday warned that forcing a break-up of the bank with its 30 per cent plus share in several retail markets would be a mistake.There is mounting speculation that Sir John Vickers independent commission, set up by the coalition government after the election, could force Lloyds to unwind its controversial takeover of rival HBOS.The commission will make its final recommendations next September, but an interim report is due out in the Spring. “Concentration does not lead to competitive outcomes. Concentration allows for safety and stability,” he told the Daily Mail. Daniels has asked the coalition to stick by Labour’s pledge to keep the bank intact. whatsapp Lloyds chief in plea to avoid a forced break-up center_img whatsapp 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 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof 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 PastSerendipity 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 Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerlast_img read more