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Sarkozy holds pre-Budget meeting to avoid downgrade

first_img whatsapp Sarkozy holds pre-Budget meeting to avoid downgrade Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Thursday 19 August 2010 8:58 pm FRENCH President Nicholas Sarkozy will today attend an emergency meeting with finance minister Christine Lagarde and Prime Minister Francois Fillon to discuss the state of the French economy.The meeting comes ahead of the September Budget and shortly after Moody’s reaffirmed France’s Aaa rating but said that its “distance to downgrade” was shorter than it had been.The government has said it will lay out plans to cut the deficit from 8.2 per cent to six per cent of GDP, partly through raising the retirement age from 60 to 62 and delaying the onset of full benefits two years to age 67. In the context of what Moody’s calls “brittle market confidence”, sending a strong and credible signal on deficit reduction will be vital. But economists are sceptical about Sarkozy’s ability to deliver. Dismissing today’s meeting as “PR exercise”, Lombard Street Research’s Gabriel Stein adds: “It’s politically fraught and Sarkozy has not shown he’s prepared to move strongly with unpopular measures. He’s a wimp.”Like the rest of Europe, France has to choose between stimulating the economy and reducing spending. It is widely expected to experience a slowdown in the second half of 2010 and into 2011, resulting in a consensus growth forecast of 1.4 per cent for 2010. whatsappcenter_img KCS-content 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 AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo Share Tags: NULLlast_img read more

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Crystal: Grade still the wrong leader

first_img Show Comments ▼ whatsapp KCS-content 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 Crystal: Grade still the wrong leader Tags: NULL Rogue shareholder Crystal Amber has continued its campaign against Pinewood chairman Michael Grade despite the film-studio upgrading its expectations for the year.Crystal Amber has waged a campaign against Grade, whose stewardship of the firm and track record has been called into question.Yesterday a spokesman told City A.M.: “We are pleased to see there are encouraging signs for the second half but our underlying concerns remain. Our views as the largest shareholder remain valid.”Michael Grade declined to comment when contacted by City A.M. yesterday but chief executive Ivan Dunleavy defended the board’s performance.He said: “We’re pleased with a resilient performance. We’re sure all of our shareholders are pleased that our revenue is expected to rise.“We’re enthusiastic about the business. With Michael Grade as chairman we are running the business for shareholders. It is not appropriate to comment on individual personalities.“We meet all of our shareholders individually on a regular basis and take their views into account.”Crystal Amber recently increased its stake in the studio behind the Bond films from 16 to 27 per cent, making it the firm’s largest shareholder. January to June pre-tax profit for the group was £1.5m, down from £1.7m last year. Wednesday 25 August 2010 8:50 pm whatsapp Sharelast_img read more

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City recruiter says bankers aren’t leaving

first_img Share City recruiter says bankers aren’t leaving whatsapp whatsapp KCS-content Thursday 26 August 2010 8:05 pm center_img More From Our Partners Kamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldAll Things Auto | Search AdsMost Affordable Camper VansAll Things Auto | Search AdsBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comComedyThe U.S. Navy Just Built A Ship That Caught Veterans By SurpriseComedyOpulent ExpressNewborn Quadruplets Left Doctors Staggered — They Are One In A MillionOpulent ExpressElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Show Comments ▼ ROBERT WALTERS, the chief executive at one of the City’s largest recruitment agencies, yesterday backtracked on comments he made earlier this year suggesting there would be an exodus of bankers from London. Walters told City A.M. that his recruitment business, Robert Walters, had yet to see the mass exit of bankers from the City that he predicted in March and suggested that a change in government meant that “people were sitting tight”.“The coalition government is doing all of the right things at the moment. I don’t think we’ve seen a massive exit of bankers yet as people are waiting to see what the government is going to do,” said Walters. His comments come as the recruiter saw a return to profitability during the first six month of its financial year after posting £5.2m in profits. During the same period last year Robert Walters reported losses of £2.3m as the recruitment market dried up. The group saw revenue for the period come to £188.8m, marking a 33 per cent hike on last year when the group reported £141.7m in income. Walters said the group’s positive financial results were directly linked to the success of the company’s Asia Pacific business.Fee income in the region rose by 81 per cent to £34.4m from £19m.Trading conditions continued to be difficult in the UK and Europe, said the recruiter, and the outlook remained uncertain.Up to 70 per cent of Robert Walter’s fees come from outside the UK. Tags: NULLlast_img read more

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S&P downgrades Bank of Ireland

first_imgTuesday 14 September 2010 9:12 pm S&P downgrades Bank of Ireland Show Comments ▼ Tags: NULL Credit rating agency Standard & Poor’s downgraded its outlook on Bank of Ireland to negative yesterday, on the back of worries about the Irish economy and large state support. S&P has kept its rating as A- / A-2 but said it was revising its outlook from stable to negative due to the “considerable challenges” the bank faces. whatsapp Sharecenter_img whatsapp KCS-content More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA 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.com Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo last_img read more

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Debenhams profit surges by 20pc

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndo More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org John Dunne whatsapp whatsapp Show Comments ▼ Share Debenhams profit surges by 20pc Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Thursday 21 October 2010 3:10 am Debenhams met expectations with a 21 per cent rise in year profit and predicted more growth in 2010-11 as it benefits from a shift to higher margin own-bought products.Debenhams, with 167 stores in Britain, Ireland and Denmark, and 60 franchised outlets in 23 countries said it expected to resume dividend payments when it publishes interim results.“Although we remain concerned about the general retail environment, we are encouraged by the start to the new financial year which has seen positive like-for-like sales and gross margin in the early weeks,” said chief executive Rob Templeman.Profit before tax and one-off items rose to £151m in the year to 28 August, in line with company guidance, from £125.2m in 2008-09.Debenhams, number two to employee-owned department store group John Lewis by sales, said revenue increased 9.6 percent to £2.56bn, as the firm won market share in menswear and childrenswear.Sales at stores open at least a year were flat compared with the previous 12-month period, while gross profit margins were up 70 basis points as the firm moved over 530,000 square feet of trading space from concessions to own bought products.Debenhams ended the period with net debt of £516.8m, down £73.5m from a year ago. Tags: NULLlast_img read more

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UK economic growth rate now trimmed

first_img Share Monday 22 November 2010 5:34 am whatsapp UK economic growth rate now trimmed whatsapp Show Comments ▼ OFFICIAL data published on Wednesday is expected to reveal slower economic growth in the three months to June, after UK construction growth was slower than previously thought. Weaker business confidence is also casting a shadow over the outlook for future growth. The UK economy was originally seen expanding by 1.2 per cent in the second quarter but this could be trimmed to just one per cent following a sharp downgrade of construction growth in this period. The Office for National Statistics (ONS) cut its estimates to 6.8 per cent from 9.6 per cent quarter-on-quarter and also revealed that the sector contracted more than earlier reported in the first three months of 2010. Although the ONS is expected to leave third-quarter quarterly growth at a resilient 0.8 per cent, the annualised growth rate could be trimmed from the previous figure of 2.8 per cent to 2.6 per cent, barring any other revisions to the components of GDP. Business investment is expected to have recovered for a third successive quarter in the three months to September after spending was slashed in 2008/09 but recent evidence suggests this will not last. UK businesses have lowered expectations for 2011 according to the latest ICAEW/Grant Thornton UK Business Confidence Monitor (BCM), which suggests that economic growth next year will be slower than forecast with companies reluctant to invest and back the recovery. Business confidence has fallen to 11.9 from 21.5 since the third quarter of 2009, with the pace of decline accelerating. Michael Izza, chief executive of ICAEW, said: “The steady decline in confidence over recent quarters reflects ongoing uncertainty about the UK economy over the next twelve months. Companies are still cautious to invest – a crucial factor in helping growth and creating a strong recovery.”Although the BCM revealed continued improvement in companies’ financial results with business turnover, profit and exports all increasing in the fourth quarter, expectations for future growth have been revised as companies become more pessimistic about 2011. Expected turnover growth over the next 12 months dropped to 3.5 per cent in the final three months of 2010 from 4.9 per cent the previous quarter while forecast gross profit growth for the year ahead has also fallen to 3.3 per cent from 4.4 per cent. 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 PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity 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 HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald KCS-content last_img read more

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Swan buys Gartmore stake

first_img whatsapp Swan buys Gartmore stake THE mystery buyer of shares in takeover target Gartmore was revealed yesterday as a vehicle linked to hedge fund tycoon John Zwaanstra.Swan Street Partners LLP said yesterday it owns a 4.91 per cent stake in Gartmore, making it the fourth-biggest shareholder. The firm built up its stake anonymously through a British Virgin Islands-based company called United Industrial Services last week, leading to speculation about the ultimate buyer. Swan Street has been named in a US regulatory filing as a family trust for Zwaanstra, who founded Asia-focused hedge fund manager Penta Investment Advisers and once worked for George Soros. Gartmore was put on the block earlier this month in an attempt to stem losses linked to the departure of star manager Roger Guy. Tuesday 23 November 2010 9:12 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.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.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Sharecenter_img whatsapp KCS-content 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 PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam Tags: NULLlast_img read more

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Earnings up at Optimum Coal

first_img South African miner Optimum Coal Holdings reported a surge in first-half earnings, boosted by higher production and output from the Koornfontein mine it bought last year. Optimum Coal, one of South Africa’s largest producers, said outlook for thermal coal remained robust, as global supply was constrained due to severe weather in other regions. Optimum said headline earnings per share for the six months to end-December totalled 139.22 cents (86p), compared with 6.59 cents a year earlier. Earnings up at Optimum Coal Show Comments ▼ whatsapp whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Share Thursday 3 February 2011 7:23 pm KCS-content Tags: NULLlast_img read more

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Caution rules on high street as borrowers look to repay debts

first_img whatsapp Caution rules on high street as borrowers look to repay debts KCS-content Tuesday 1 March 2011 8:06 pm Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky 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’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap APPETITE for borrowing has dropped in 2011, data from the Bank of England revealed yesterday.Consumer credit showed a net repayment of £333m in January, appearing to reflect caution on the high street, and people’s desire to reduce personal debts.Net borrowing had averaged around £200m over the previous six months, while in December credit had risen by £793m.“December’s rise in credit likely reflected people borrowing modestly to buy Christmas presents and celebrate the festive season,” commented Howard Archer of IHS Global Insight.Credit card lending increased by £75m in the first month of the year, but other loans saw a net repayment of £407m.The decline caused the 12-month growth rate in consumer credit to slip to £0.8bn, from £1.1bn in December. center_img Share whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndo Show Comments ▼ Tags: NULLlast_img read more

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Investors clash over AssetCo

first_img Investors clash over AssetCo More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Monday 21 March 2011 8:42 pm KCS-content whatsapp SHAREHOLDERS at fire enginemaker AssetCo clashed with former owner Pelham Olive over raising cash for the business yesterday. Three of Assetco’s large shareholders said they were willing to provide it with new funding via a share placement if it appoints a new executive chairman, but its existing chief executive, John Shannon, and Olive opposed the move, saying better options are on the table.AssetCo needs £3-4m in working capital after raising £16m in a share sale it announced earlier this month. Shareholders North Atlantic Value, Gartmore Investment and Utilico Investments said they can provide up to £3.33m in additional funding each, in exchange for new ordinary shares at a price of 10p per share.But Olive, who still holds a 1.5 per cent stake, objected to the placement’s large discount to AssetCo’s current 15.5p share price. In a letter to Richard Day at Arden Partners, AssetCo’s nominated adviser, Olive complained of being “kept almost completely in the dark during the whole process of emergency fundraising during the last two or three weeks.”Olive added he was “mystified” why shareholders had not progressed a bid by investment group Arcapita, which is in advanced talks to buy AssetCo. Day did not respond to a request for comment. center_img whatsapp Tags: NULL 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 AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today Show Comments ▼last_img read more

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