first_img KEITH BAIRD | ORIEL SECURITIESIn my view, Rambourg wasn’t Gartmore’s star trader – Roger Guy is the real star. With regard to the future, there is still scope for future outflows because of the whole debacle, though they are tapering off somewhat and that’s a good sign.PETER HOWARD | EDISON INVESTMENT RESEARCHIt is very difficult to quantify the future impact of the affair on the company. Gartmore itself will not incur a penalty, but clear indications of a recovery in investor sentiment are needed before the group can play to its strengths and show consistent growth in assets under management.BRUCE HAMILTON | MORGAN STANLEYThere are some signs that asset outflows are stabilising, which is encouraging. I think investors are looking for more positivity, more convincing that growth is coming back to the business. But for us, that’s probably more likely to be a 2011 event. Tuesday 17 August 2010 8:11 pm whatsapp whatsapp KCS-content Tags: NULLcenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmHero WarsBig Boss of internet games!Hero Warsmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comNinjaJournalist25 Cute Baby Animals That Will Melt Your HeartNinjaJournalistSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center 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 Share ANALYST VIEWS: WHAT DOES THE FUTURE HOLD FOR GARTMORE NOW THAT ITS STAR PORTFOLIO MANAGER HAS LEFT? last_img read more

first_imgMeanwhile manufacturing activity in the euro zone expanded in August at its slowest pace since February as the speed of recovery among member countries diverged further, a survey showed.The Markit Eurozone Manufacturing Purchasing Managers’ Index for August dropped to 55.1 from 56.7 in July but was nudged up from an earlier flash estimate of 55.0 and marked its 11th month above the 50.0 mark that divides growth from contraction.The output index slid to 57.1 last month from 58.7 in July and was revised down from a flash reading of 57.2.“The euro zone manufacturing PMI suggests that the expected cooling of the sector from the buoyant growth rates seen earlier in the year is underway,” said Rob Dobson at data provider Markit.“Expansion of output and new orders both slowed noticeably in August although, on current form, manufacturing should provide a solid contribution to third-quarter GDP.”The euro zone economy escaped from its worst post-war recession in the third quarter of last year and preliminary data showed the economy grew a faster-than-expected 1.0 percent between April and June.But growth is seen slowing to 0.4 per cent in the current quarter and then to 0.3 percent in the following three quarters.Services PMIs due on Friday are expected to confirm that the bloc’s dominant service sector also saw a slower expansion in August.Purchasing managers’ surveys released earlier showed manufacturing growth in Germany, Europe’s biggest economy, slowed in August whereas business in France accelerated. Italy and Spain saw their manufacturing indexes slip backwards, widening the gap among the euro zone’s big four economies.“Drilling down into the national data highlights just how uneven the recovery remains. August saw France, Germany and Austria stay well ahead of a subdued chasing pack including Spain and Italy, while Greece remained firmly in the grips of a deep downturn,” Dobson said.As factories struggle to maintain growth they have found it harder to raise prices.The euro zone’s input and output price indexes both fell in August from July, with the latter falling to 52.2 from 52.7 the month before – its lowest reading since March.Data released on Tuesday showed euro zone inflation slowed as expected in August to 1.6 per cent year-on-year but unemployment held steady at a near 12-year high of 10 per cent. The PMI employment index held steady just above the break even mark. John Dunne More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.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 Share GROWTH in the country’s manufacturing sector slowed more than expected last month, led by the weakest expansion in new orders for more than a year, a purchasing managers’ survey showed.The Markit/Chartered Institute of Purchasing and Supply Manufacturing PMI fell to 54.3 in August – from a downwardly revised 56.9 in July. That was the lowest level since November last year although it was still above the 50 mark which separates growth from contraction in activity.The figures support the view that Britain’s economy is losing traction after surprisingly strong growth in the second quarter. They are also likely to bolster expectations that UK interest rates will remain at a record low 0.5 per cent for many months to come.“The expected slowdown in the UK manufacturing recovery from its highs earlier in 2010 is underway,” said Rob Dobson, senior economist at Markit Economics.“Taken alongside the euro zone figures published today, it looks as if a broad industrial slowdown is occurring across much of the EU.”A euro zone purchasing managers’ index fell to a six-month low in August, data showed on Wednesday.Britain’s manufacturing sector has been expanding for just over a year but the pace has cooled steadily over the past four months.The PMI’s new orders index, a leading indicator of activity growth, fell particularly sharply to 52.0 in August from 58.5 in July. That was its lowest level since June 2009 and its biggest one-month fall in more than six years. There was a slight pick-up in export orders growth, indicating the bulk of the slowdown came from weaker domestic demand.“Some firms noted that subdued client confidence and uncertainty regarding public sector cuts had led to slower sales growth,” the survey noted.Britain’s economy expanded by a surprisingly robust 1.2 percent in the second quarter but few believe this pace can be maintained in the second half of the year in the face of huge public spending cuts and renewed jitters in global financial markets.The orders-to-inventory ratio, another forward-looking indicator, fell to its lowest in 17 months, suggesting activity is likely to slow further in the coming months.There were mixed signals regarding the inflation outlook. Input price inflation eased to its weakest since January but output price inflation gathered pace to only a whisker below peaks scaled in mid-2008. Wednesday 1 September 2010 4:29 amcenter_img whatsapp Manufacturing growth stalls Show Comments ▼ whatsapp Tags: NULLlast_img read more

first_img CVC Capital Partners, the UK buyout firm, is close to closing a deal with TDC, the private equity-backed Danish telephone company, to buy its Swiss unit Sunrise.The deal will place an enterprise value on Sunrise of about Sfr3.3bn (£2bn), making it one of the year’s largest leveraged buyouts. A deal is likely to be announced today.A sale would give CVC control of Switzerland’s second-biggest telecommunications company and clear the way for TDC’s owners to accelerate long-held plans to refloat the company.TDC dropped a plan to sell Sunrise to France Telecom’s Orange earlier this year, after competition regulators in Switzerland blocked the merger of the two units. Share Thursday 16 September 2010 9:05 pm KCS-content Tags: NULL CVC close to buying Swiss telco Sunrise whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp Show Comments ▼last_img read more

first_imgSunday 19 September 2010 10:26 pm Tags: NULL 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com MAYOR GETS A FLAVOUR OF SHANGHAI whatsapp Show Comments ▼ KCS-content center_img Share whatsapp LORD MAYOR Nick Anstee was in China this weekend to visit the Shanghai Expo as the UK pavilion passed the 6m visitor mark. The mayor led a City business delegation and discussed opportunities for closer partnership with key Chinese industry figures and regulators including the Banking Regulatory Commission, China Insurance Regulatory Commission and China Securities Regulatory Committee. 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comlast_img read more

first_img Germany outlines new landesbank consolidation plan GERMANY drew up a framework for how to consolidate its troubled public-sector landesbanks but made little headway, agreeing to meet again on the matter in November.A meeting between Berlin and regional owners of landesbanks yesterday was a constructive start to consolidation talks but all options remain open, said deputy finance minister Steffen Kampeter.“All participants committed themselves to increasing efficiency in this sector,” he said.The landesbanks account for nearly a fifth of banking market share in Europe’s largest economy, yet are seen as the weak link in the sector. Several were hammered in the financial crisis and required billions of euros of state aid in bailouts.Kampeter said Berlin had agreed with the landesbank owners — represented by finance ministers of the regional states and heads of savings banks organisations — on four criteria.Consolidation should make business sense, satisfy European Union regulatory requirements, achieve political consensus and protect taxpayers’ money, he said.Berlin is seen as having little influence on the regional, independent landesbanks, but could help moderate between them and encourage swift reforms by offering financial incentives.“A few concrete proposals were discussed,” said Kampeter, adding these were a potential merger between WestLB and BayernLB, or between WestLB, Helaba and possibly another candidate. Tuesday 28 September 2010 10:46 pm Share More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼ whatsapp whatsapp KCS-content Tags: NULLlast_img read more

first_img whatsapp KCS-content whatsapp Tuesday 26 October 2010 7:45 pm Show Comments ▼ Reckitt shares soar on takeover Sharecenter_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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Shares in Reckitt Benckiser rose 31p to 3,449p at one stage yesterday before closing 114p lower at 3,436p after EU competition watchdogs gave the green light to its takeover of Durex condoms maker SSL. The Cillit Bang to Nurofen painkiller group is disposing of SSL’s brands for mouth pain relief products in the UK and Ireland to ease regulator concerns. Reckitt announced the £2.54bn takeover in July. The decision to allow the takeover is conditional upon Reckitt Benckiser’s commitments to divest SSL’s brands for mouth pain relief products in the UK and Ireland, where the merged entity would have had a very strong market position. Tags: NULLlast_img read more

first_img KCS-content Thursday 28 October 2010 8:25 pm MIKE MITCHELL | SEYMOUR PIERCEFundamentally the position of the business, which is pharma-led, means it’s very exposed to increasing regulatory hurdles. The results continue to highlight where the business is exposed, and I don’t believe that the company’s research and development focuses mitigate the risk. JEREMY BATSTONE-CARR | CHARLES STANLEYIn our view the results have emerged very much in line with what we and the market should have been expecting. Yes, there are concerns regarding the looming off-patent challenge but that is surely reflected in the shares’ already bargain basement rating.SAVVAS NEOPHYTOU | PANMURE GORDONThere are two parts that the market has reacted to: the cost margin erosion has declined by 390bp year-on-year, though if you take into account exceptionals it’s more like 50bp. Secondly, is the fall in research and development spending growth, but this doesn’t impact much on the investment thesis. whatsapp Share ANALYST VIEWS: WHAT DO YOU MAKE OF ASTRAZENECA’S RESULTS? More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Show Comments ▼ whatsapp Tags: NULLlast_img read more

first_img Show Comments ▼ 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.comBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionTaonga: 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 For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Life whatsapp Share LORD Turner, chairman of City watchdog the Financial Services Authority, and US counterpart Mary Schapiro met yesterday to discuss co-ordinated oversight of over-the-counter derivatives trading, high-frequency- trading and other regulatory initiatives.Schapiro, chairman of the US Securities and Exchange Commission (SEC), and Turner were meeting as part of a cross-border dialogue set up in 2006. The pair restated their agencies commitment to working together to improve regulation and the oversight of securities markets, particularly over globally active regulated firms with a presence on both Wall Street and in the City.Lord Turner said: “As regulators, we all now face issues that cross borders and require international co-ordination. It is important that we are able to find common ground in approaching these issues and this continuing dialogue with the SEC forms a key part of this process.”Schapiro said the SEC and FSA were in the process of drafting vital new rules at a time of challenging problems following the recent financial crisis. The FSA is seeking to reform OTC derivatives markets to ensure greater transparency and create a harmonised approach globally. Tags: NULL KCS-content center_img whatsapp Monday 15 November 2010 8:35 pm 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 FSA’s Turner meets with US counterpart last_img read more

first_img whatsapp MARKETS remain unconvinced that the Irish government will be able to pass the €15bn (£12.6bn) cuts programme it unveiled yesterday, with Prime Minister Brian Cowen lacking the votes needed to get the measures through parliament.Cowen’s government is already teetering, with the Green Party this week demanding an immediate election once the emergency budget is passed. But the coalition, which had a majority of three, has lost the support of two independent MPs who promised to vote against the 2011 due to be published on 7 December. The cuts programme is unavoidably controversial: it slashes Ireland’s high minimum wage by one euro to €7.65 and promises to cut the public sector payroll by 24,750 back to 2005 levels. The welfare budget is to be docked €2.8bn while university tuition fees are to rise.The president of the Irish congress of trade unions, Jack O’Connor, claimed yesterday that the government is “exploiting this devastating catastrophe to re-engineer our economy and society according to an even crueller blueprint which more effectively reflects their interests”.In addition, the public will have to pay more for most goods thanks to a two per cent VAT rise to be phased in over three years. Income tax bands and tax credits will also be re-jigged to be less generous to the tune of 16.5 per cent, while the carbon tax will double, pension levies will rise and a new local services tax will be introduced. All in all, the plan is to make €7bn of services cuts, €3bn in capital expenditure reductions and €5bn in tax rises. The government aims to front-load the budget adjustment, saying that its emergency budget for 2011 will make €4.5bn of cuts and €1.5bn of tax rises. But economists have voiced scepticism over the government’s growth forecasts:?it predicts an average GDP?expansion of 2.75 per cent 2011-2014, despite the likelihood that Irish economy shrank this year. And the budget cuts are seen as all the more unpalatable because they come on top of €15bn of budget cuts already made.Nomura political analyst Alastair Newton said the programme would “probably” pass because “the Irish are resigned to their circumstances, albeit coupled with enormous resentment of the political classes”.The cost of insuring Irish sovereign debt continued upwards yesterday on political fears, with credit default swaps (CDS) rising by 16 basis points to 595bps (a cost of €595,000 to insure €10m of debt). The cost of state borrowing also rose: Irish 10-year bond yields hit 8.9 per cent yesterday. 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.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.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.orgKansas coach fired for using N-word toward Black playerthegrio.com Irish political turmoil feeds market nerves Show Comments ▼ Tags: NULL KCS-content Share whatsapp Wednesday 24 November 2010 9:04 pmlast_img read more

first_img Show Comments ▼ TROUBLED retailer JJB Sports is expected to try and raise a further £50m from shareholders, according to reports over the weekend. The company has already tapped investors for £31.5m and asked its lender Bank of Scotland to waive imminent covenant tests on a £25m loan. Shareholders including the Bill & Melinda Gates Foundation, Invesco Perpetual and GoldenPeaks Capital supported the cash injection, which involved placing ordinary shares at 5p each on Christmas Eve.JJB has agreed in principle to offer non-executive board roles to some of its investors as part of the fund-raising.A spokesperson for JJB Sports declined to comment yesterday, saying the company had nothing to add beyond its statement on 23 December. Chief executive Keith Jones said at the time that “despite the generally challenging trading conditions, we are encouraged by the performance of our six transformed stores”. The firm said stocking problems and the icy weather had dampened sales in the run-up to Christmas, but that it hoped to continue revamping its 240-odd stores. JJB replaced its chairman John Clare in December with Mike McTighe, former global chief of operations at Cable & Wireless with experience in corporate restructuring. The new management team will begin a review of the company this week to overhaul its strategy. The firm is expected to post a trading update later this month. FTSE-listed JJB Sports shares lost 81 per cent of their value over the course of 2010 and closed at 5p on 31 December. JJB Sports to ask for £50m whatsapp Tags: NULL Share Monday 3 January 2011 11:11 pmcenter_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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comlast_img read more