Dell to challenge HP with an improved bid for 3PAR

whatsapp KCS-content 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 HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd Wednesday 25 August 2010 8:11 pm Dell to challenge HP with an improved bid for 3PAR Share More From Our Partners Police 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.com DELL is planning to submit a more competitive bid for data storage firm 3PAR, challenging Hewlett-Packard’s offer of $24 per share, a source familiar with the talks said yesterday. 3PAR said on Tuesday it would start merger talks with HP after HP’s $1.6bn offer topped Dell’s previous, $1.15bn bid. HP has more cash and cash equivalents than Dell but with $15bn and $11bn, respectively, both could easily afford to buy 3Par.Dell is following HP’s expansion into services and is increasing its foray into smartphones.Analysts are expecting a fierce bidding war between the two firms for 3PAR.Dell and HP?both declined to comment yesterday. Show Comments ▼ whatsapp Tags: NULL read more

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RBS to issue new securities

first_imgMonday 13 September 2010 9:02 pm ROYAL Bank of Scotland (RBS) yesterday marked the clearest sign yet that the UK banking sector is emerging from the financial crisis.The banking giant will issue £4.7bn of securities backed by mortgages in the first move of its kind since the onset of the financial crisis.The issuance is a vital step for the economic recovery as it allows banks to take loans off their balance sheets, freeing up capital for new lending.It also shows the bank is confident that investor appetite for mortgage-backed securities has increased. The market – in which loans are bundled together into new bonds, secured by their repayments – was devastated by the sub-prime crisis in the US. Tags: NULL RBS to issue new securities 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 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 RBS was particularly tarnished as it relied heavily on securitisation markets prior to its near-collapse, when the government was forced to buy-up an 84 per cent stake in the bank.But as the government prepares to cut back its interest in the bank, it is desperate to exploit new funding streams. It must hike its supply of loans by the end of the year if it is to meet government targets.The bank also announced yesterday it has sold £1.3bn of five-year global senior unsecured notes. The 3.95 per cent notes were priced at 99.973 to yield 250 basis points over US Treasuries. center_img Show Comments ▼ whatsapp Share whatsapp KCS-content last_img read more

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PETTIGREW CALLS ALL ABOARD FOR STEAM RIDE

first_img IT was all aboard at Tower Pier last night as City bigwig Jim Pettigrew added an unusual venture to his impressive CV, which includes stints at Marks and Spencer, CMC Markets, Icap and, in his current role, Aberdeen Investment Managers. Pettigrew played host as fellow City figures arrived to experience his latest venture: the relaunch of the world’s last seagoing paddle steamer, The Waverley. Pettigrew had the steamer paddle its way down from Scotland to take up residence in the Thames for its grand opening cruise during which guests admired its fully restored steam engines and supped on canapés. “Hopefully corporates around London will start to use it as an events space for charities,” he told The Capitalist as he readied himself for its glamorous voyage. With the 100-strong guest list including former Treasury select committee head Labour MP John McFall, as well as representatives from the Royal Bank of Canada, Lloyds and Invesco Perpetual, and with the addition of an impromptu bagpipe solo from an enthused Alistair Campbell as the party wound down — the boat could hardly have hoped for a more auspicious launch. Bon voyage.STICK IN THE MUDOver a hundred competitors will brave the mud this weekend at the 100% 10km Run, organised by Steven Tredget. Readers might already know Tredget, who is known variously as the City’s Iron Man, “the Tredge” and Liberum Capital’s head of equity sales. The event is being held in aid of Kids Company, a charity that helps 14,000 kids from deprived backgrounds in the City. The idea is that instead of going through the hassle of getting sponsors, runners will pay £20 each to enter the race, with 100 per cent of profits going to the cause.“I thought if you just put all the profits to charity, it would avoid the hassle of sponsorship forms and so on,” says Tredget.The race is set to include runners from Liberum, Barclays Capital and Citigroup, with a fierce rivalry developing between the brokers and rival fund managers from Octopus Investment Managers. But Tredget thinks they might both be outdone by the soldiers taking part: “I love the idea of a few pinstripes up against a few paras,” he says. And he has left no detail ignored: runners will get goodie bags courtesy of Zetar and For Goodness Shakes and can look forwards to being greeted by a band of bagpipers after they slave up the biggest hill.And with the Surrey course – which is on Ministry of Defence land – having recently hosted a horse trial, muddy runners could well feel they have earned the serenade. Of course, City joggers know that mud is good for you, and Tredget is inviting anyone tempted to take part to show up on Sunday. Look up the logistics at www.race100percent.comSOLDIER, SAILORTo deepest Essex, where The Capitalist recently caught up with Simon Moore, intrepid chief executive of the London Gateway port development at the mouth of the Thames. An ex-Navy man, Moore was keen to impress his nautical prowess upon a boatload of hacks during a tour of the still-waterlogged site. “I’ve sailed on ships around the world – and I’ve not once worn a coat on deck,” boasted Moore, who donned nothing but a crisp shirt and appropriate navy blue tie under his life jacket. “I’ve spent 90 per cent of my working life in the sunshine, so Essex is a bit of a challenge – but I don’t intend to start wearing coats now.” Brrr. whatsapp 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times PETTIGREW CALLS ALL ABOARD FOR STEAM RIDE KCS-content Tuesday 5 October 2010 8:04 pm whatsapp Share Tags: NULLlast_img read more

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Cabin crew in threat to strike again as Unite ballots members

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoFactableThis Is What Historical Figures May Have Really Looked LikeFactableUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoQuizscapeThe Irish Can’t Handle This Slang QuizQuizscapeUndoNext RefinanceThis Is Why The Roy Rogers Museum Has Been Closed For GoodNext RefinanceUndoTaco Relish20 Southern Phrases Northerners Don’t UnderstandTaco RelishUndoUnify Health Labs Multi-GI 5 SupplementRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health Labs Multi-GI 5 SupplementUndoZen HeraldShe Inspired Three Of The Most Popular Songs EverZen HeraldUndomoneywise.comThe Most Neglected College Football Stadiums In The U.S.moneywise.comUndo Show Comments ▼ Monday 29 November 2010 8:18 pm whatsapp THE UNITE union is getting ready to ballot 11,000 British Airways cabin crew on further strikes, it announced yesterday after the merger with Iberia was passed by shareholders. The industrial action is over staff travel concessions and disciplinary action linked to previous strikes. Unite joint general secretary Tony Woodley said yesterday BA’s “vicious war against its workforce” was harming passengers and the company. “We will not stand by while this airline bullies our members out of their jobs, and if it takes strike action to bring BA management to its senses, then that is the road we must, regretfully, travel.”The union said the ballot should be concluded in early January, meaning flights over Christmas will not be affected by cabin crew strikes. KCS-content center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share whatsapp Cabin crew in threat to strike again as Unite ballots members Tags: NULLlast_img read more

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Boxing Day travel chaos

first_img Monday 13 December 2010 9:35 pm Boxing Day travel chaos Share KCS-content whatsapp 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 PastNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 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 Show Comments ▼ Tags: NULL whatsapp More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org LONDON could grind to a halt on one of the busiest shopping days of the year after Tube drivers agreed to yet another strike if they are not paid an extra £50 for working on Boxing Day.Members of Tube drivers’ union Aslef voted 1,025 to 127 in favour of the 24 hour action.London Underground claims to have maintained 40 per cent of trains during the last strikes but the sheer volume of passengers on Boxing day could buckle the transport network.Drivers are paid up to £45,000 a year and as part of the deal they are expected to work for a flat rate, including on national holidays. Aslef says drivers are busier than they used to be and says the deal should be renegotiated.The two sides have not come face to face in a month, with London Underground accusing the union of holding London to ransom.Union boss Bob Crow fanned the flames, saying his only loyalty is to his members and he “couldn’t care less if we had a million strikes”.To add to the travel misery, train drivers on London Midland trains will strike on 23 December in a row over pay and conditions. They are angry that drivers are earning different wages for the same jobs after the firm was formed in a merger. last_img read more

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BP deal with Russia sparks controversy

first_img BP deal with Russia sparks controversy Sunday 16 January 2011 10:46 pm Share Show Comments ▼ Tags: NULL whatsappcenter_img whatsapp CONCERNS grew yesterday about the political implications of BP’s $16bn (£10bn) share swap with Russia’s state-owned oil firm Rosneft.Shadow justice minister Chris Bryant said in an interview that BP needs “a strong anti-corruption” strategy to work with the company.Labour leader Ed Miliband said he was “pretty worried” about the environmental aspect of the deal, saying in a BBC interview: “I think that the lesson of the Deepwater Horizon, the Gulf oil spill, should be that… the task for all of us, private companies, government and so on, is not to just keep digging and digging deeper and deeper for oil.”The UK government was not involved in negotiating the deal, though energy secretary Chris Huhne spoke at BP’s announcement on Friday night.Russian prime minister Vladimir Putin met with BP’s board and has offered tax concessions to smooth the venture’s path.Criticism from the US, where 39 per cent of BP shareholders are based, has been particularly fierce in light of the Gulf of Mexico disaster and last year’s uncovering of suspected Russian spies across the country.Democratic congressman Ed Markey and Republican Michael Burgess called for the US government to look into the deal amid fears of a security risk from Russian involvement in the firm.“BP once stood for British Petroleum,” said Markey. “With this deal, it now stands for Bolshoi Petroleum.”BGC Capital strategist David Buik sounded a more positive note. “The oil in Russia will be significantly easier to get at than in other fields as the water is much shallower. The only hurdles BP will face are political.” BP18bn barrels of oil in reservegiving away 988m shares worth $7.8bngaining access to 125,000km squared oil fieldSHAREHOLDERS:39% are in the US40% are in the UKROSNEFT:22.9bn barrels of oil in reservegiving away 1bn shares worth $8.2bn75% owned by the Russian government. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel 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.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.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com 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’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adslast_img read more

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The game’s not over for the West, and Dambisa Moyo wants us to win

first_img whatsapp The game’s not over for the West, and Dambisa Moyo wants us to win IMAGINE if the top Premiership team, instead of honing its football skills, became obsessed by the performance of another, lower-ranking but fast-improving side. Distracted from practice, heads craned over their shoulders to gawp at the new phenomenon, the players’ advantage would dwindle not so much from the growing skill of the newcomers but from their lack of focus on their own performance. Out of shape and badly managed, they would rapidly find themselves relegated. That is the metaphor that Dambisa Moyo suggests to me captures the current predicament of the West.We have met to discuss her new book, “How The West Was Lost”, which argues that we are losing ground to China and other emerging economies, not so much because they are doing well as because of our own failing performance. And like those forgetful but fundamentally talented players, Moyo believes that if we will only pay attention to ourselves, and institute the economic equivalent of a tough new training regime, all is not yet lost.Moyo is already controversial as the author of Dead Aid, which dared to suggest that fifty years of aid to Africa may have done more harm than good. Its success still surprises her. She admits that before its release, “I had a couple of conversations with my publisher about pulling it” – in January 2009, with the financial crisis dominating the news, it seemed that few would be interested in discussing the politics of aid. And yet it became an immediate sensation, perhaps because “people were actually questioning everything”.With her new book, Moyo is hoping to push that questioning spirit even further. She calls herself something of an “accidental” writer, driven by irritation over the treatment of the issues rather than longstanding literary ambitions. And she is certainly a passionate defender of her analysis, her hands reaching out to emphasise her points. If her two books seem on the surface far apart from one another in subject matter, for her they are deeply connected by the power of unintended consequences – the dangerous way good intentions can lead to bad outcomes. Often, as she points out, these problems can be traced to the choices of the same actors, the same generations of policymakers encouraging huge government to government aid flows into Africa and calling for subsidised house purchasing and unfunded pension entitlements at home.What has happened to the West? When Moyo turns her gaze from the rising stars of the East she sees a civilisation that has failed to take good care of its capital, building up a pension liability “that smells of a Ponzi scheme” and driving unsustainable investment in property, not only creating a disastrous bubble but also leaving ordinary citizens in the West overinvested in a troubled asset class instead of exposed to the upside of globalisation occurring in emerging markets. Meanwhile our human capital, she argues, is poorly educated and blinded by unwise ambitions – too many would-be celebrities and not enough engineers.So far so troubling, but with the coalition government in the process of cutting public spending and working hard to improve the quality of national education, Moyo’s criticisms are at least in line with some current anxieties. And yet her most extreme solutions are truly explosive – as she says, “nuclear options”. While she stresses that she remains “a free trader”, Moyo argues that the westerner in the street has seen little benefit from globalisation. If Moyo still prefers free trade, she reluctantly concludes that the boldest, surest way for the West to save itself might be to retreat behind trade barriers. She quotes to me from FDR’s first inaugural, delivered in 1933: “Our international trade relations, though vastly important, are in point of time and necessity secondary to the establishment of a sound national economy. I favor as a practical policy the putting of first things first. I shall spare no effort to restore world trade by international economic readjustment, but the emergency at home cannot wait on that accomplishment.”This is an alarming call to all those, including Moyo, who see the clear benefits of free trade, and she stresses that this is not her preferred answer. Instead, she hopes to see Western nations taking more notice of the problems they have incurred than the success of others, and developing a strategy for sustained growth, while confronting the legacy of a half century of policy mistakes.It isn’t over for us yet, but if Moyo is right, the West has taken its eye off the ball and is in danger of unnecessarily conceding the game: “It’s the West’s to lose,” she says, a voice of clarity continuing to challenge the conventional wisdom.“How The West Was Lost” is published by Allen Lane, £14.99.CV | DAMBISA MOYOBorn: Lusaka, ZambiaLives: LondonEducation: BA in chemistry and an MBA in finance, American University, Washington DC; PhD in economics, Oxford University; Masters, Kennedy School of Government, Harvard University Career: World Bank consultant and Goldman SachsAward: Named by Time Magazine as one of the “100 Most Influential People in the World” in 2009Davos honoree: Nominated to the World Economic Forum’s Young Global Leaders Forum in 2009 Books: “Dead Aid: Why Aid is Not Working and How there is a Better Way for Africa” (2009). “How the West Was Lost: Fifty Years of Economic Folly and the Stark Choices Ahead“ (2011) Tuesday 25 January 2011 8:33 pm whatsapp KCS-content Show Comments ▼ Tags: NULL Share More From Our Partners Texas governor said he plans to strip the Legislature’s paybusinessinsider.comlast_img read more

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John Lewis sales fall as shoppers feel pinch

first_imgFriday 28 January 2011 3:22 am Show Comments ▼ Share whatsapp alison.lock Tags: NULL whatsapp Department store John Lewis suffered a decline in sales last week, a sign that an increase in VAT sales tax has further weakened already fragile UK consumer spending.The retailer, which also owns supermarket chain Waitrose, said its department store sales fell 2.2 per cent to £50.1m in the week to January 22.Sales in the previous two weeks had increased 4.1 per cent and 38.7 per cent respectively.“It was a quieter week for John Lewis but the comparisons against last year are difficult to read due to periods of heavy snowfall in the first week of January last year and the resulting uplift in trade over the following two weeks,” it said in a statement.It said taking the week ending January 15 and the week ending January 22 together provides a more realistic comparison with last year, and this gave an overall increase of one per cent.The John Lewis data, published as a survey, said British consumer confidence tumbled to its lowest in almost two years in January.“The slowdown in John Lewis sales is particularly notable as the company has been clearly out-performing the retail sector as a whole,” said IHS Global Insight economist Howard Archer.“The John Lewis figures suggest that consumers are becoming increasingly less prepared, or less able, to spend as higher inflation and muted earnings growth squeezes their purchasing power.” More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com John Lewis sales fall as shoppers feel pinch last_img read more

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WHAT DO YOU THINK OF RYANAIR’S RESULTS?

first_img KCS-content DAVID BUIK | BGC CAPITALI thought the results were good. Ryanair is excellent at cutting costs when sales are lower, and the fact that the firm has hedged its fuel costs for the next year is pretty smart. The company does what it does very well, and under the circumstances of the snow and other disruption the balance sheet looks fairly strong.GREG SMITH | FAT PROPHETSWhile some of the figures are disappointing, the fact that the overall transaction rates have gone up is an advantage for Ryanair. The firm’s policy of ancilliary charges might not be popular with everyone, but it’s a way of pushing up its profit per seat. It has also hedged nearly all of its fuel costs next year, avoiding what could have been a huge problem.GERT ZONNEVELD | PANMURE GORDONSolid third-quarter numbers. Next year will provide some challenges as economic conditions remain uncertain. Over the medium term, the capacity growth deceleration [and eventual standstill] should translate into attractive and sustainable profit growth. Cash generation should be strong, possibly around €1bn [£854m) per annum once aircraft deliveries come to an end, making further returns of capital likely in the coming years. whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapp Show Comments ▼ Share WHAT DO YOU THINK OF RYANAIR’S RESULTS? Monday 31 January 2011 8:31 pm Tags: NULLlast_img read more

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Kraft hit by Cadbury and commodities

first_img 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Kraft hit by Cadbury and commodities KRAFT FOODS saw its quarterly income drop 24 per cent on last year as the cost of taking over UK confectioner Cadbury began to bite. Net income at the owner of Oreo cookies and Philadelphia cheese fell to $540m (£335.5m) from $710m a year ago, in part due to costs linked to Cadbury and to the rising price of corn, sugar and cocoa. Revenues rose 30 per cent to $13.8bn, slightly ahead of consensus estimates, including a 26.2 percentage point gain from acquiring Cadbury in a controversial deal last February. Cadbury fared badly in North America in the fourth quarter, with net revenues dropping 6.1 per cent after lower sales of Trident and Stride chewing gum.Cadbury turnover in Europe was flat, with a decline in southern Europe offsetting what Kraft said were strong sales in the UK. Operating income in Europe fell 27.7 per cent to $159m, as costs linked to integrating Cadbury wiped out half of the division’s profit.In emerging markets, where Kraft hopes to grow through its takeover of Cadbury, the group saw revenues rise 73.5 per cent with 61 percentage points coming through Cadbury.Kraft forecast profit growth of between 11 and 13 per cent excluding integration costs this year, which has been scaled back from predictions of “mid-teens” growth in November’s update. Tags: NULL whatsapp Thursday 10 February 2011 8:45 pm Sharecenter_img whatsapp 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 ItUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 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 FarmUndo Show Comments ▼ KCS-content last_img read more

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