COMPANY OF THE YEAR | The Shortlist

first_img Show Comments ▼ Sunday 12 September 2010 10:31 pm whatsapp IT has been another tough year for business. The sovereign debt crisis rocked already shaky market confidence, while uncertainty has kept consumers from splashing out. It is in hard times that reputations are made, though, and over the past year the best have bounced back. Both retailers on our list have, in their different ways, grabbed the opportunities presented by globalisation. Burberry has transformed a British brand into one that is now familiar from Bogota to Beijing, while Tesco is a model for expansion and is sure to reap the benefits from its American and Far Eastern arms in the coming years. Similarly, HSBC has an explicitly Asian focus and Barclays is expanding its operations there. Sky has done the opposite, and through sheer determination squashed the opposition in a fiercely competitive market. Don’t miss the City event of the year – get online now and book your table for the City A.M. Awards on Thursday 28 October 2010 at Grange St Paul’s Hotel, London EC4. www.CityAMAwards.com. BARCLAYSHAVING avoided a tax-payer bailout during the financial crisis, Barclays has only enhanced its image of respectable solidity in the past year. Weathering the sovereign debt storm and slow economic conditions, its results for the first half of the 2010 were 13 per cent ahead of the City predictions, at £3.95bn. Much of that came from the investment banking arm Barcap – hence its boss Bob Diamond’s promotion to the group’s CEO and inclusion on the Personality of the Year shortlist. But those profits have helped the bank to lend £18bn to British households and businesses in the same period, something which has allowed current CEO John Varley to become an outspoken defender of universal banks.Last month Varley reiterated banks’ “wider social responsibility as an enabler of economic growth and prosperity” and their “duty” to pursue these ends. At a tricky time for the City, Barclays has continued to make solid profits and to defend the industry. More power to it. BURBERRYIT’S often said that Britain’s creative industries are its strongest suit, and Burberry is one of the most successful examples. The fashion house’s expansion beyond these shores has proved an object lesson in building a luxury brand. Despite deserted high streets in the UK, it made a 24 per cent rise in first quarter revenue, posting pre-tax profits of £215m on sales of £1.2bn. Good management helped too, of course. It responded quickly to the recession by cutting jobs and ranges and has bounced back so quickly that it plans to open 20-30 new stores in America and Asia Pacific this year, while also extending its presence in emerging markets such as Brazil, Mexico and India. Since she took over in 2006, CEO Angela Ahrendts has changed the label’s image and with the help of creative director Christopher Bailey turned a 154-year-old brand into a global icon, proving along the way that style and substance need not be strangers. HSBCWHEN HSBC boss Michael Geoghegan opened the bank’s sparkly new Shanghai office earlier this year, the symbolism was lost on nobody. While some were still paralysed by the banking crisis, HSBC immediately and publicly switched its focus to the emerging markets of Asia, with Geoghegan making Hong Kong his base.HSBC said that profits from Asian markets were the “bedrock” of the bank’s 121 per cent rise in pre-tax profits for the first half of 2010, to £6.98bn, which came despite the Eurozone’s woes in the second quarter.Well perhaps. As shrewd observers have pointed out, the best thing that HSBC has done in the past 12 months is to turn around the losses it made on its ill-fated North American home loans adventure. That it did so quickly is impressive. Now that it has turned around that arm of its business, it is perfectly positioned to turn its gaze east to China and India. For a banking behemoth, HSBC has proved itself not only forward-looking, but able to sort out problems efficiently and admirably nimble. A class act. BSKYBRUPERT Murdoch’s satellite television station is one of the jewels in his empire’s crown. It constantly leads the market – nobody thought that HD could work, until BSkyB did it. Now it is leading the way with 3D as well. Its movie and football offerings are the market standard and with the launch of Sky Arts it has shown that it is not afraid to indulge in some loss-making brand-building that can entice snooty middle class viewers to make the switch to satellite. CEO Jeremy Darroch has proved that he is willing to battle to keep Sky ahead of its competitors, blocking Virgin from buying ITV. When BT offered Sky sports channels for lower prices than Sky was offering, it fought back and looks sure to win the tussle. All this toughness is getting results too; Sky is inching close to 10m subscribers, its HD offering pulled in almost half a million in its first three months, and this year its profit trebled to almost £1.9bn. A lesson in how to make television pay. TESCOSIR Terry Leahy’s departure from the company he guided for the past decade and a half might be seen as a blow. But the business he passes on to his successor, Tesco lifer Phil Clarke, is in the rudest of health. A few numbers show just how perky this company is. An astonishing 28 per cent of Tesco’s floor space is less than three years old. And 65 per cent of its floor-space is now abroad. At the moment, just 23 per cent of sales come from the overseas stores, but as those move into profitability over the next five years Tesco’s bottom line is going to rocket. Already Asian stores are starting to motor – profits were up 24 per cent to £440m, on sales of £9bn. American operations, while still losing money at the moment, should come into profitability by 2014. Even better, all of this has been built slowly and safely. One proof is that the company’s property portfolio is worth almost exactly the same as its market capitalisation. This is a retailer that is built to last. KCS-content More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.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.orgcenter_img whatsapp 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.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.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 Herald Tags: NULL Share COMPANY OF THE YEAR | The Shortlist last_img read more

Women missing out on careers

first_img 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 Show Comments ▼ Sunday 10 October 2010 11:52 pm Women missing out on careers Middle-aged women are sacrificing their careers because they are acting as unpaid carers, according to a new study by the Equality and Human Rights Commission. Often women go straight from caring for children to looking after an elderly parent, effectively crushing any hopes for a successful career. It also has a negative impact on women’s health, according to the study. The work they carry out saves the NHS an estimated £87bn a year in carer and nursing fees. Despite this, most women in this bracket will see this work as rewarding. Sharecenter_img whatsapp whatsapp KCS-content Tags: NULL 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 Timeslast_img read more

Terry Smith stands aside to focus on fund business

first_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 AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com KCS-content whatsapp Tags: NULL City veteran Terry Smith is retiring as a director and deputy chairman of stockbroker Collins Stewart to focus on his new asset management venture Fundsmith.Smith, one of the UK’s best-known investment bankers who led the management buyout of Collins Stewart after becoming chief executive in 2000, will remain chief executive of inter-dealer broker Tullett Prebon. Smith will leave on 6 December after almost two decades at the firm. He was its chairman from 2006-2010.“I have enjoyed my 18 years at Collins Stewart. However, all good things must come to an end and I will now focus on Tullett Prebon and new challenges, in particular my new fund management venture Fundsmith. I wish the management and staff of Collins Stewart well and hope to see the business continue to succeed in the years to come,” Smith said.The move into fund management will open another chapter in Smith’s varied 35-year career. He shot to fame when the top-rated banking analyst in the late 1980s, famously issuing a “sell” recommendation on Barclays while working for the bank’s own investment banking arm BZW.He was sacked from UBS Phillips & Drew in 1992 after publishing “Accounting for Growth”, a best-selling book that criticised the accounting practices used by some of the biggest companies – including clients of UBS.Collins Stewart chairman Tim Ingram said: “Terry Smith has been synonymous with Collins Stewart for many years and has been hugely influential in the development of the company and the creation of shareholder value. On behalf of the board, I would like to thank Terry for his contribution to the company and wish him well for the future.”TERRY SMITHDEPUTY CHAIRMANCOLLINS STEWARTTerry Smith grew up in East London, attending Stratford Grammar School before graduating with a first in History from University College Cardiff in 1974. He worked for Barclays Bank from 1974 to 1983, becoming an Associate of the Chartered Institute of Bankers and obtaining an MBA at The Management College, Henley. Smith became a stockbroker with W Greenwell & Co in 1984 and was the top-rated bank analyst in London from 1984 to 1989. In 1990 he was appointed head of UK company research at UBS Phillips & Drew, a position from which he was dismissed in 1992 following the publication of the best-selling book “Accounting for Growth”. Smith joined Collins Stewart shortly thereafter, and became a director in 1996 and chief executive in 2000, leading the management buy-out of the company, which was floated on the London Stock Exchange five months later. In 2003, Collins Stewart acquired Tullett Liberty, and then in 2004 acquired Prebon Group, creating the world’s second largest inter-dealer broker. Collins Stewart and Tullett Prebon were demerged in 2006. Smith remains chief executive of Tullett Prebon and has launched a new fund management venture, Fundsmith.A flying, sailing and shooting enthusiast, Smith is passionate about history and participates in competitive cycling and boxing. www.terrysmithblog.com Sharecenter_img More From Our Partners Police 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.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.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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com whatsapp Show Comments ▼ Terry Smith stands aside to focus on fund business Wednesday 13 October 2010 7:54 pmlast_img read more

Imaginatik forced to call a shareholder meeting

first_img Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof KCS-content Imaginatik forced to call a shareholder meeting CONSULTANCY firm Imaginatik has been forced to call a general meeting after its former chief executive demanded the right to air a string of embarrassing allegations.Mark Turrell, who the firm says left by mutual agreement in June, called the meeting as Imaginatik’s biggest shareholder, with a 35 per cent stake.He is calling for Matt Cooper and Shawn Taylor to be axed as directors. He told City A.M. he will “focus on the abysmal financial performance” of the board, who he says forced him out of the firm.Turrell says he has lined up a replacement board and will call for a vote to be reinstated as chief executive.Sources close to Imaginatik told City A.M. the firm is confident it would win a vote even given Turrell’s holding. The board has urged shareholders to reject Turrell’s motions. The meeting will take place on 22 December. Share whatsapp whatsapp Monday 6 December 2010 8:13 pm Show Comments ▼ Tags: NULLlast_img read more

Carpetright in profit blow as sales tumble

first_img KCS-content 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 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’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’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 Carpetright in profit blow as sales tumble CARPETRIGHT, the country’s biggest floor coverings retailer, said the outlook for 2011 looked poor as sluggish mortgage approvals meant housing market activity was unlikely to pick up quickly.British mortgage approvals, which are a key lead indicator for Carpetright, fell to 30,766 in October, their lowest monthly level in more than one and a half years.“The availability of mortgages, particularly for first time buyers, is significantly different from what it was three years ago (with people) needing a much higher level of deposit. “I think that’s having a knock-on impact through the rest of the housing chain at the moment,” Carpetright finance director Neil Page said.He was speaking after the firm posted a 28 per cent fall in first-half profit.Page is also concerned that the country’s prolonged cold snap could hit third-quarter trade.“If we have Arctic conditions for six to 10 weeks… I’m sure it will impact consumer demand. But it won’t just impact Carpetright, it will impact the whole of retail,” he said.However, he added that the company, which has 584 stores in the UK and Ireland, was continuing to win market share from smaller rivals, and said he has high hopes for the firm’s fast-growing beds business, which will be in 200 stores by Christmas. Tuesday 14 December 2010 8:14 pm whatsappcenter_img Share Show Comments ▼ 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 TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndo whatsapp Tags: NULLlast_img read more

N Brown upbeat despite hit from snowy weather

first_img Tags: NULL MAIL order clothing firm N Brown saw like-for-like sales lifted by just 1.2 per cent over Christmas as the poor weather took its toll.Total group revenue increased by 4.6 per cent in the 19 weeks to 8 January and Brown says trading was encouraging from late October to mid-December “but the extreme weather conditions eventually affected customers who were concerned whether their Christmas orders would be delivered on time.”It said there was also a backlog of mail to clear as a result of those weather conditions, with catalogues and statements delayed in the last four weeks. Online sales increased by 26 per cent to account for 47 per cent of group sales.The Marisota and Jacamo brands. performed well the firm said.Chief executive Alan White said despite the weather wiping off up to £3m in sales the company was well placed to make up the ground. whatsapp Share Show Comments ▼ N Brown upbeat despite hit from snowy weather whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org KCS-content Wednesday 12 January 2011 7:50 pmlast_img read more

Swiss Wikileaks banker is guilty

first_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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap A SWISS banker who publicised private client data on Wikileaks was found guilty yesterday of breaching strict banking secrecy and threatening former colleagues, but was given only a suspended fine.Judge Sebastian Aeppli acquitted Rudolf Elmer on charges he sought $50,000 for returning client data to former employer Julius Baer and that he made a bomb threat to the bank.He was sentenced to a fine of 7,200 Swiss francs (£4,270) and suspended for two years. The prosecution had demanded eight months jail and a fine of 2,000 Swiss francs. 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 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 Wednesday 19 January 2011 8:10 pm center_img Share whatsapp Show Comments ▼ Tags: NULL Swiss Wikileaks banker is guilty last_img read more

Employers must help with training to close skills gap

first_img Show Comments ▼ whatsapp Share KCS-content Wednesday 26 January 2011 8:49 pm Tags: NULLcenter_img AN educational skills gap is one of the main causes of western unemployment, according to chief executives and delegates at the World Economic Forum in Davos yesterday.Jeffrey Joerre, chief executive of employment consultancy Manpower, said in a CNBC-hosted debate: “We have high unemployment and a high number of job openings. It’s a skills gap: not having the right skills at the right time produced by universities… If we don’t fix education we will not be able to create jobs and skills required.”Unemployment in the US and Europe is 10 per cent overall, although this masks severe joblessness of 20 per cent in countries like Spain.Other delegates agreed but said that the blame does not lie wholly with universities or governments, saying that businesses need to get involved in the training of workers rather than criticising educational establishments.Indian MP and steel magnate Naveen Jindal said the gap is also a concern in India: “We need to give people employable skills. We must cater to an almost 200m new workforce and we need help from the west in building this capacity in our country.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe 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 TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Employers must help with training to close skills gap More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPuffer fish snaps a selfie with lucky divernypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapplast_img read more

Greencore delays vote at Northern

first_imgMonday 31 January 2011 9:05 pm GREENCORE successfully postponed Northern Foods’ shareholder meeting yesterday, giving it more time to put together an improved offer to rival Boparan’s £342m takeover. Northern Foods and Greencore, which agreed to merge in November before Boparan intervened, held meetings with the Takeover Panel over the weekend to decide whether to cancel their planned votes on the all-but-defunct merger deal. Northern had hoped to hold its EGM to allow its shareholders to decisively reject Greencore as a partner, leaving it clear to press on with Boparan’s plan. The shareholder votes were required under European cross-border M&A rules. Meanwhile, Greencore’s annual general meeting went ahead yesterday without a vote on the tie-in. Greencore’s management said it was continuing to examine its options to improve upon Boparan’s all-cash bid, which is thought to include adding a cash sweetener to its earlier no-premium merger package. Greencore chairman Ned Sullivan told investors in Dublin that the firm managed to increase revenues from convenience foods by 7.6 per cent compared to last year in the three months leading up to Christmas, and that it is on track for a strong performance in 2011. Greencore delays vote at Northern whatsapp whatsapp Tags: NULL Share Show Comments ▼ 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 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more

Grainger sales fall as it reshapes debt

first_imgWednesday 9 February 2011 7:57 pm Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe 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 ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBeWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut LANDLORD Grainer yesterday said its sales pipeline has dropped £20m year-on-year, and that it has taken steps to streamline its debt with a £100m facility with M&G Investments, an arm of Prudential. FTSE 250 member Grainger, the UK’s largest listed housing landlord, yesterday said that sales between October and January dropped 32 per cent by volume on last year, completing sales of 216 units for £37.4m compared with 321 houses for £54.5m. Its sales pipeline at the end of January stood at £76.2m, down from £94.8m a year ago, though its acquisitions pipeline has risen 55 per cent to £13.4m.The firm, which makes money from both rental income and property sales, has submitted planning permission for three new build projects in London as well as one in Hampshire.Grainger warned that the residential market remains challenging, in part due to a squeeze on mortgage approvals. Chief executive Andrew Cunningham said: “We continue to employ an extremely selective acquisitions policy, only seeking out opportunities that we believe will offer sustainable value.”Grainger has taken the first major step to restructure its £1.3bn debt pile by signing a long-term £100m loan with M&G, which will be used to repay part of its existing bank facility and pushes the company’s average debt maturity from 3.5 years to 4.3 years.Analysts at JP Morgan Cazenove said in a note that the firm’s sales in the period were 1.4 per cent ahead of September’s book value, and that the firm “continues to demonstrate sound operational results”. Grainger shares closed up 2.3 per cent at 102.3p yesterday. Show Comments ▼ whatsappcenter_img KCS-content Grainger sales fall as it reshapes debt whatsapp Tags: NULLlast_img read more