Think-tank wary on UK growth

first_img whatsapp Show Comments ▼ BRITAIN’S economic recovery softened in the quarter to August and the pace of growth will decelerate further in the coming months, a leading economic think-tank warned yesterday.The National Institute for Economic and Social Research (Niesr) said that output only expanded by 0.7 per cent on the previous quarter. The pace of growth may have eased from the 1.3 per cent in the three months to July, but the think-tank noted that this was still a robust rate for the UK. Niesr does not expect output to pass the peak it reached in early 2008 until at least 2012. Wednesday 8 September 2010 8:14 pm Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comConnecticut man dies after crashing Harley into live bearnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timesautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat News Tags: NULL KCS-content Think-tank wary on UK growth last_img read more

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William Hill eyes Tote sale and dismisses competition rules

first_imgSunday 19 September 2010 10:24 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.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.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.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Tags: NULL Show Comments ▼ William Hill eyes Tote sale and dismisses competition rules whatsappcenter_img BRITAIN’S biggest bookmaker William Hill yesterday said it would consider buying state-owned betting firm the Tote, dismissing current UK competition rules which could rule it out as a buyer as “archaic”.“We would be very interested in looking at any opportunity to expand our UK retail footprint through acquisition, including the sale of the Tote,” the company said in a statement emailed yesterday.William Hill added that current competition rules governing bookmakers in Britain did not take account of the global nature of the betting market and called on the UK’s regulator to rethink its approach.“We believe that the Office of Fair Trading needs to revisit the archaic competition tests which have looked at the market in terms of betting shops – the true market is a global one that includes online and betting exchanges.”The government said on Wednesday that the sale of the Tote would be launched in late autumn, as part of a wider sale of government assets, and that the sale would be “an open market process” inviting proposals from “all interested parties”.Paddy Power and Ladbrokes, both rivals of William Hill, have previously said they could be interested in buying the Tote. Share whatsapp KCS-content 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.comlast_img read more

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China bid for UB gives Cable a headache

first_img Share United Biscuits could be the next iconic British firm to be snapped up by a foreign buyer, posing a fresh problem for embattled business secretary Vince Cable.China’s Bright Food Group has its eye on a $3.2bn (£2bn) bid for the maker of Jaffa Cakes and McVities biscuits.Cable has campaigned for tougher regulation to make it more difficult for foreign firms to buy UK companies after Kraft’s controversial takeover of Cadbury earlier this year.However, he appears to be powerless to stop the deal going through if owners Blackstone and PAI Partners decide to cash in on the business they bought for £1.6bn four years ago.It would be the first time a Chinese firm has taken outright control of a major European food firm. Bright Food has hired Rothschild to help broker the deal, although both firms declined to comment.It is understood US-based Blackstone and French PAI had been planning an auction for the firm but are now in exclusive talks with Bright Food. Other parties linked with the group included Kraft and Campbell Soup.United Biscuits has struggled in recent years, with analysts criticising it for failing to take the initiative in emerging markets.The Chinese firm, which recently lost a bidding war for Australian sugar refiner CSR, has a diverse portfolio that includes a taxi business in Shanghai, ham and milk production facilities, a property empire and a tourism business.Despite being formed just four years ago, Bright Food now has sales topping £4.3bn and profits of £200m.United Biscuits employs 7,000 people in Britain at 11 factories.The company, which has been in business for over 100 years, has other of well-known brands including Jacob’s, Carr’s, McCoy’s and Hula Hoops.United Biscuits grew its profit for a fifth straight year in 2009, when its earnings grew by 13.7 per cent to £223.4m. That year, the firm notched a 5.1 per cent rise in its revenues to £1.3bn. The food firm in recent years has made inroads to the US and Australian markets. whatsapp 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 Tags: NULL China bid for UB gives Cable a headache center_img Show Comments ▼ Monday 27 September 2010 8:09 pm 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 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 whatsapplast_img read more

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Regal looks for new partners in Ukraine

first_img KCS-content Tags: NULL Share Show Comments ▼ REGAL Petroleum could seek a larger partner to help tackle substantial problems with a number of gas wells it has drilled in the Ukraine after admitting yesterday it had suspended drilling while it carried out a strategic review. Regal said that two wells in the Ukraine had reached their target depth on 29 September. However, having drilled to the target depth Regal has been unable to retrieve the drill bit on its SV-69 well due to “hole stability problems and equipment failures.” Chief executive David Greer stood down the following day without giving clear reasons for doing so, while former chief executive Frank Timis cut his stake in the company from around six per cent to 3.93 per cent on 15 October. The Aim-listed oil and gas group could now seek a deal with a company with “the financial muscle and technical expertise” to complete the job it started in the Ukraine, a person familiar with the company’s position told City A.M. Two potential partners could be Shell and BP both of which already have substantial interests in the region.One of Regal’s non-executive directors is Alastair Graham, a former senior BP executive with over 29 years experience of the oil and gas industry. Graham has been given responsibility for carrying out the strategic review, which is expected to be completed in a matter of weeks.Meanwhile, Shell has been linked with a deal with Regal in the past. Most recently two years ago. Wednesday 20 October 2010 7:26 pm whatsapp whatsapp Regal looks for new partners in Ukraine More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.com last_img read more

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US government plans exit from AIG

first_img alison.lock Tuesday 21 December 2010 1:24 pm Show Comments ▼ Share whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.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.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com 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 ScottsdaleMoneyPailSerendipity 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 HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemcenter_img whatsapp US government plans exit from AIG Tags: NULL THE US Treasury department plans to sell a large part of its stake in nationalised insurance giant American International Group in two stock offerings next year, officials told Reuters.It would sell any remaining stock in AIG in 2012, the sources said.The government will own 92.1 per cent of AIG after a recapitalisation plan closes by the end of first quarter, and perhaps as soon as December 31.The sale would mark a major step in getting the government out of its investment in AIG, which received a $182.3bn (£117.4bn) bailout package during the financial crisis.The Treasury plans to sell about one-fifth of AIG in the first offering, which is expected in the first half of 2011 and perhaps as soon as March, sources said.AIG and the Treasury would sell stock in that offering, which could exceed $10bn, sources have said, placing it among the largest secondary share offerings in history. The stock sale will help the government make a profit on the bailout if the offering is roughly $30 per share or higher. The Treasury’s stake is worth about $90bn at the current share price. It spent $49.1bn for that stake.AIG’s shares were up 2.4 per cent at $54.69 during morning trading on the New York Stock Exchange.The US government has seen strong market appetite for stock in bailed-out companies in the past few months, allowing it to be more aggressive in winding down its stakes in companies like Citigroup and General Motors.The AIG bailout was arguably more controversial and risky than either of those deals as the headline number was higher and the company teetered on the brink of bankruptcy and a fire-sale breakup after the last-minute rescue.Since then, AIG, under Chief Executive Robert Benmosche, has sold several businesses, leaving property-casualty and US life insurance operations at its core. last_img read more

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ArcelorMittal won’t raise bid in fight for Baffinland

first_img ArcelorMittal won’t raise bid in fight for Baffinland whatsapp Show Comments ▼ Share ARCELORMITTAL has said it will not raise its C$550m (£352m) bid for miner Baffinland, which owns vast iron ore deposits in the Canada.“We don’t intend to raise the offer for Baffinland,” spokesman Giles Read said. “We are confident we have the superior bid.”ArcelorMittal and private-equity backed Nunavut Iron have been battling for control of Baffinland Iron Mines, which has recommended ArcelorMittal’s bid, since September.Both suitors have upped their bids in recent days, despite an ArcelorMittal source quoted in September as saying it would not go above C$1.25 per share. The steelmaker also said it would not extend its earlier offer past 29 December, but then extended it to 10 January.ArcelorMittal boosted its bid to C$1.40 per share, which was followed by Nunavut offering C$1.45 per share. Nunavut’s bid values Baffinland at C$570m.Nunavut’s bid is for only 60 per cent of Baffinland shares, meaning the other 40 per cent would be priced according to the market. Wednesday 5 January 2011 7:14 pm More From Our Partners Astounding 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.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.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.orgColin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: NULL KCS-content whatsapplast_img read more

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House prices drop in December

first_imgMonday 10 January 2011 4:15 am House prices drop in December 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 PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndo 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.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp Show Comments ▼ UK house prices fell by 1.3 per cent in December from the previous month, according to figures from the Halifax.The lender said the average property ended the year 1.6 per cent lower than at the beginning of 2010.But it said the decline was less than falls seen in the second half of 2008.Halifax said it expected “limited movement in house prices during 2011” as interest rates were “likely to remain very low for some time”.The average UK house price now stands at £162,435, Halifax said.The three-month on three-month comparison in prices, showed that prices were down 0.9 per cent in the three months to December compared with the previous quarter.Halifax housing economist Martin Ellis said: “Current signs that homeowners are becoming more reluctant to sell would, if continued, help reverse the imbalance between buyers and sellers.“Nonetheless, uncertainty about the economy, weak earnings growth and higher taxes could put some downward pressure on demand.” center_img Tags: NULL Share whatsapp John Dunne last_img read more

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London is still at forefront of business world

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Share THERE is no doubt in my mind that despite the uncertainty surrounding taxation and regulation and despite the continuing public anger, unfavourable media reports and a degree of political point-scoring, the City of London remains – in the eyes of the international business community at least – one of the most attractive financial centres in the world to do business.This point was made clear last week when the City of London Corporation hosted high profile delegations from two of our key international partners.On Monday, as part of his European tour, the Chinese vice-premier, Li Keqiang, visited Mansion House to meet the chancellor and leading figures from the City, while on Thursday, French Prime Minister François Fillon addressed an audience of more than 200 people at Guildhall.The one thing both of these distinguished guests had in common was a commitment to developing closer links with the City.London’s pre-eminence as a business hub places it firmly at the centre of an increasingly globalised marketplace and positions it to be a driving force behind the global economic recovery.The Chinese vice-premier was particularly interested in the lessons he could take back about developing a world-class business environment.Shanghai and Beijing are already huge centres for international finance and trade but, as world focus inevitably shifts towards the emerging markets in Asia, the potential for further growth is huge. Through meetings such as the one last week, the City of London is working to ensure UK-based firms are at the forefront of this growth.The City of London is not just outward looking; it is also one of the 32 boroughs of Greater London, providing services for workers and tourists as well as for our 9,000 residents.Last Thursday, Mansion House hosted more than 300 guests – including the leaders of the vast majority of these 32 Boroughs – at the London Government Dinner, where the mayor of London, Boris Johnson, the leader of London councils, mayor Jules Pipe, and of course our own lord mayor all spoke about the challenges we are facing.Again, there was a common thread in all of these speeches. Everyone involved in running London recognises that it is a fantastic place to live, to work and to visit and is determined to ensure this remains the case.Judging from the conversations I have had this week, reports of the demise of the City are certainly premature.It is clear however there is much work to do if London as a whole is to keep its competitive position in a fast-changing world economy and if it is to remain somewhere in which people – whatever their business background – continue to want to visit and to live.Stuart Fraser is the policy chairman at the City of London Corporation Sunday 16 January 2011 10:01 pm KCS-content whatsapp Show Comments ▼ whatsapp London is still at forefront of business world Tags: NULL last_img read more

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Decline in small business morale

first_img Decline in small business morale Monday 17 January 2011 8:46 pm KCS-content whatsapp 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Show Comments ▼ Share whatsapp Tags: NULL Small companies ended 2010 less confident than they were at the beginning of the year, the Federation of Small Businesses (FSB) announced yesterday. “Pressures on small businesses, such as the increase in VAT and fuel duty, are beginning to come to a head,” said the FSB’s John Walker. “This combined with the severe weather at the end of 2010 has meant that small firms are not as confident about their prospects in 2011,” he added. last_img read more

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Starwood and Paulson bid on Taylor Wimpey US arm

first_img Housebuilder Taylor Wimpey has received at least three bids for its North American arm, Taylor Morrison, which could be worth up to $950m (£595m).Rain Tree Investment, one of hedge fund billionaire John Paulson’s vehicles; Starwood Capital and a private US homebuilder have submitted bids for Taylor Morrison, several sources have said.Both Rain Tree and Starwood bid the North American operations’ book value, which analysts put at about £600m, two sources told Reuters.A separate source briefed on the matter said the deal had attracted five bids.Taylor Wimpey hired JPMorgan Chase last year to sell its US and Canadian units. JPMorgan told potential bidders it preferred to receive offers on the two businesses as a package but it would accept separate bids as well.Starwood, Paulson and the private builder all bid on the package, sources said.Taylor Morrison has focused on Florida and Arizona, which have both been hit hard by the property crash, but it also builds in California, Colorado and Texas.The current management team of Taylor Morrison also sought private equity backing to evaluate a potential offer, but was not bidding independently, a fourth source said.The sources all requested anonymity because they were not authorized to speak with the media.Representatives of JPMorgan, Taylor Wimpey, Paulson’s Rain Tree and Starwood declined to comment.Taylor Wimpey has put the value of its US land at $559.6m for 18,841 lots, and its Canadian land at $226.8m for 6,166 lots. 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 Show Comments ▼ alison.lock 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.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgcenter_img whatsapp Share Starwood and Paulson bid on Taylor Wimpey US arm Wednesday 19 January 2011 11:18 am Tags: NULLlast_img read more

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