Provident

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp PROVIDENT’S update has confounded expectations. Peer Cattles, which is in restructuring talks, warned just last week that creditors should brace themselves for heavy losses, yet Provident has managed to remain profitable – with Home Credit finally growing again – up seven per cent year-on-year. Its statement directly reassures on the fears that have hit the shares recently – the impact of welfare cuts on customer cash flows is insignificant – the capping of benefits that family households can receive at around £500 per week will affect less than one per cent of households served by Home Credit. Its balance sheet is strong – with £300m headroom on its debt facilities, and its gearing ratio below 3.5 times. An 8.2 per cent dividend yield this year and a ten times price to earnings ratio make the shares attractive. whatsapp 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proofcenter_img Share KCS-content Provident Wednesday 24 November 2010 9:04 pm Tags: NULLlast_img read more

Germany will say auf wiedersehen to euro

first_img NEXT year will see the first member of the single currency starting to talk seriously about leaving the Eurozone. That country will be the nation with the strongest and the most dynamic economy in Europe. That country will be Germany.The survival of the euro is no longer up for debate. If 2010 has proved anything it is that the productivity divide between core and periphery is too great to be spanned by a single currency. The only real question is how does the breakdown happen and which countries Berlin is prepared to take with it?Labelling countries “winners” and “losers” in this process would though be a mistake. Germany may initially look like a “winner” but there will be considerable pain for the country’s exporters as its new/old currency appreciates rapidly. On the other hand, a country like Ireland will feel much better about its prospects once the pain of separation has passed. Though it must be admitted that the actual breakdown will not be an easy process. Every country in the region has the bulk of its debts in euros. Consequently, for many nations there will need to be a debt restructuring. This will not be a pleasant experience for debtors or creditors, though many are increasingly aware that it is on the horizon. GERMAN DEPARTURE HAS BENEFITSOnce this episode is over, almost everybody will be much happier. The Germans will no longer have to grind their teeth about bailing out the rest of Europe and the rest of Europe will find that growth is now possible with a more competitive currency. Indeed, many countries might be in for a period of strong growth and improved employment similar to that seen when the UK left the European exchange rate mechanism.It must be noted that it’s likely that the euro won’t break down fully. There will remain a group of countries that are close enough economically to remain linked. This is the group of nations, with Germany as the hegemonic power, which from the outset should have pursued integration but critically should also have been brave enough to say “no” to those that did not measure up. In the end they were doing nobody any favours by allowing countries to fudge their entry criteria.The only problem that lies in the way of this rational outcome is that much of Europe is currently burdened by a political elite that can’t admit that it was wrong. There seems to be no desire amongst these politicians to recognise that a single currency was a mistake for many nations and that it’s time to find an exit strategy. The people of Europe need better leadership and they need it now.Guy Johnson co-anchors European Closing Bell weekdays on CNBC Share whatsapp More From Our Partners Astounding 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.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPuffer fish snaps a selfie with lucky divernypost.com whatsapp Tags: NULL KCS-content Germany will say auf wiedersehen to euro Show Comments ▼ Sunday 28 November 2010 7:56 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldlast_img read more

EU blocks ING call for early debt redemption

first_imgTuesday 30 November 2010 2:59 am alison.lock Tags: NULL 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 TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach RaiderUndo whatsappcenter_img EU blocks ING call for early debt redemption Show Comments ▼ 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 THE European Commission has rejected a request by Dutch bank ING to repay a $1.5bn (£960m) debt instrument because the financial group has not yet repaid its state aid.ING had wanted to call the instrument on 31 December as the hybrid will not qualify as Tier I capital under Basel III solvency rules.“ING cannot repay its private hybrid capital holders until it has repaid the capital it received from the Dutch State in full. This is to ensure a fair distribution of the rescue burden in the first place,” said Joaquin Almunia, Commission vice-president in charge of competition policy.ING received a €10bn capital injection from the Dutch State in October 2008, of which €5bn was repaid a year later.It also received €12bn in liquidity guarantees.The Dutch government, at the beginning of 2009, also provided ING with a back-up facility covering 80 per cent of a portfolio of $39bn in illiquid assets.“It remains our ambition to repay the state before the end of next year,” ING spokesman Frans Middendorff said.“We are not surprised but deplore the (Commission’s) decision,” he added.It will now have to pay an interest rate of 3.9 per cent on the 8.439 percent non-cumulative guaranteed trust preferred securities paper, made up of three-month LIBOR plus 360 basis points.ING will be able to call the hybrid loan after repaying the state or after 18 November 2010. last_img read more

HMV cuts dividend as losses widen

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 PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 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 Farm whatsapp Tags: NULL whatsapp John Dunne HMV cuts dividend as losses widen center_img 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Share Show Comments ▼ Thursday 9 December 2010 3:35 am Music, DVD, games and books retailer HMV posted a worse than expected widening in first-half losses, blaming a sharp fall in sales on weak entertainment markets.The group said it was cutting its dividend and cautioned that despite more encouraging trading at the beginning of its second half, the start to Christmas trading had been undermined by the severe weather of the last two weeks.“The outcome of our full financial year will be largely determined by the next four weeks of the key Christmas trading period, which together with the final four months of our financial year, account for 60 percent of our full year sales,” said the firm.The group, which trades from over 730 HMV, Fopp and Waterstone’s stores, made an underlying pretax loss of £41.3m for the six months to 23 October.That compares with analysts’ consensus forecast of a loss of £38-39m, according to a company poll, and a loss of £24.9m in the same period last year.HMV traditionally makes all its profit in its second-half, which includes the crucial Christmas trading period.Sales fell 6 percent to £749.5m, with sales at stores open over a year down 11.5 per cent.The firm, which ended the period with net debt of £151.6m, said it had reviewed its dividend policy and halved the interim payout to 0.9 pence last_img read more

Go-Ahead sees profit growth in train travel

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 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 NowHealthyGem Tuesday 14 December 2010 9:10 pm Share whatsapp TRANSPORT group Go-Ahead said yesterday that it expects first-half operating profit to nudge ahead of its expectations, driven by its rail unit, but will not move its full-year targets given the economic uncertainty.The company, which operates commuter rail franchises including Southeastern and London Midland, said yesterday its bus division is expected to remain robust, with second-half revenue in its unregulated businesses returning to last year’s levels. However, revenue in its regulated London bus services is likely to be around seven per cent below last year due to lower contract prices.Turnover in its rail unit Southern is expected to be around six per cent higher than last year due to a four per cent growth in passenger journeys.“We continue to anticipate challenging economic conditions in the near term and therefore believe it is prudent to maintain our full-year expectations as previously reported,” it said in a statement.Go-Ahead also said that it continues to look for bolt-on acquisitions in the UK and will continue its cautious expansion in North America.Shares closed up 5.5 per cent at £12.80 yesterday. whatsappcenter_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 Go-Ahead sees profit growth in train travel Show Comments ▼ Tags: NULLlast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img KCS-content whatsapp CITY MOVES | WHO’S SWITCHING JOBS Show Comments ▼ Share Thursday 16 December 2010 7:43 pm whatsapp Bluefin Wealth ManagementBluefin Wealth Management, a subsidiary of AXA, has appointed two new financial planners in its London office. Geoffrey Winchester (pictured) joins the firm from St James’s Place Wealth Management, where he was consulting on wealth management and has previously worked at Edward Jones and HSBC as a stockbroker. Paul Bradley joins Bluefin from SEI Private Banking, where he was a relationship manager.AXA Investment ManagersAXA’s wealth management division has appointed Susan Sternglass Noble as a portfolio manager. She will be in charge of AXA Framlington’s equities portolio, management and research and will be based in the London office. Sternglass Noble is moving over from CQS and has over 23 years’ experience in the industry, having worked for Goldman Sachs and JP Morgan.She will be reporting to Mark Beveridge and will begin in this role in January. Pinsent MasonsInternational law firm Pinsent Masons has hired Neil McInnes and Benjamin Long for its corporate criminal practice, in preparation for April 2011, when the Bibery Act comes into effect. They will both report to Simon Joyston-Bechal. McInnes joins from Blindmans, while Long moves over from Furnival Chambers.White & CaseFollowing its two hires announced in this column yesterday, global law firm White & Case has appointed an additional partner in its London office. David Crook will join the English law mergers and acquisitions practice, moving from Freshfields Bruckhaus Deringer, where he has been a partner for ten years. He has worked on both domestic and cross-border deals, including deals in emerging markets.Evolution SecuritiesEvolution has announced the apointment of two new hires: Simon Strong and Matt Judge.Strong is joining the research team, starting immediately, and will be covering UK software and IT. He joins the firm from Peel Hunt and brings over 17 years’ experience in financial services. He has previouskly worked at KBC Peel Hunt and Panmure Gordon.Judge joins Evolution from EOC Partners, where he was an executive director. He has formerly worked at Nomura International and JP Morgan. GLGGLG, an investment manager division of Man Group, has added Simon Freeman to its event-driven team. Freeman will be reporting to Gerard Griffin, who joined the company earlier this year. Freeman comes to GLG from Credit Suisse, where was a managing director for event-driven strategies. Previoulsy, he has worked at Bear Sterns as well as for UBS. 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 NowHealthyGem Tags: NULLlast_img read more

Judge casts doubt on BAE’s deal with SFO

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 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 NowHealthyGem Show Comments ▼ A DEAL between arms group BAE Systems and the Serious Fraud Office to settle a long-running investigation into allegations linked to an arms sale to Tanzania looked in doubt yesterday after a judge challenged it.BAE and the SFO had agreed under the terms of the deal that BAE would not have to admit to allegations that it made payments to secure a radar deal with the Tanzanian government.BAE had acknowledged paying commission money to a Tanzanian marketing adviser linked to the group’s sale of a radar to Tanzania in 1999, but denies corruption.It is understood to have agreed to an ex-gratia payment of up to £30m to Tanzania and admitted failing to keep accurate records of the payment to the agent.BAE had agreed to plead guilty to one charge of breach of duty to keep accounting records linked to payments “made to a former marketing adviser in Tanzania” and the judge had been expected to sentence the defence company on that basis.BAE said in February: “In connection with the sale of a radar system by the company to Tanzania in 1999, the company made commission payments to a marketing adviser and failed to accurately record such payments in its accounting records.” The firm added: “The company failed to scrutinise these records adequately to ensure they were reasonably accurate and permitted them to remain uncorrected.“The company very much regrets and accepts full responsibility for these past shortcomings.”BAE said it had improved its compliance policies to avoid a repetition of such issues. But the judge at a hearing at Southwark Crown Court  said he was unable to pass sentence without hearing more evidence and said he wanted to call witnesses to testify.He questioned why the payments to the businessman had been made and also whether some of the payments had been channelled to officials in Tanzania. whatsapp KCS-content Judge casts doubt on BAE’s deal with SFO center_img Share Monday 20 December 2010 9:34 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapp Tags: NULLlast_img read more

Barclays wins dismissal of US risky debt suit

first_imgWednesday 5 January 2011 9:21 pm KCS-content Show Comments ▼ Tags: NULL whatsapp Barclays wins dismissal of US risky debt suit Sharecenter_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 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 Farm whatsapp BARCLAYS won the dismissal of a lawsuit brought by US investors seeking to recover losses from the British bank’s alleged failure to disclose and properly account for its real estate exposure.US District Judge Paul Crotty found yesterday an “absence of ample allegations that Barclays did not truly believe” how it valued its subprime and other real estate assets, and offered “substantial risk disclosures” regarding its valuations to investors who bought its securities.The judge also dismissed dozens of additional defendants. Among these were Barclays directors, including current chief executive Bob Diamond and his predecessor John Varley, and more than one dozen underwriters such as Bank of America, Citigroup and Goldman Sachs.The lawsuit is one of many to accuse major banks of being too slow to report credit deterioration on their balance sheets. More From Our Partners Brave 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.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com last_img read more

LSE takes on rivals with new platform

first_img Show Comments ▼ whatsapp Share whatsapp LSE takes on rivals with new platform Thursday 24 February 2011 8:47 pmcenter_img THE LONDON Stock Exchange (LSE) is to launch a new pan-European derivatives trading platform in a bid to crack the dominance of rivals NYSE Euronext and Deutsche Boerse.The European futures market has traditionally been dominated by the New York and Frankfurt-based exchanges, which announced plans to merge earlier this month.Yet the LSE yesterday revealed it would launch a rival trading venue, named Turquoise Derivatives, as early as June this year.Based on technology provided by TMX Group, the Canadian exchange it plans to merge with, the new business will allow institutional investors and hedge funds to trade across Europe.The platform, developed aside from the merger deal, will offer the trading of futures and options contracts on companies.Trading of LSE derivatives would take place on Turquoise Derivatives, formed through the acquisition by Turquoise – the LSE’s existing pan-European equities trading platform, operated with 12 shareholder banks – of a 19.9 per cent stake in the LSE’s existing EDX derivatives platform held by TMX Group, operator of the Toronto and Montreal bourses.EDX London already uses TMX’s Sola trading technology, which will be used on the platform.Europe’s largest clearing house LCH.Clearnet will operate as clearer, despite LSE owning a clearing facility operated by Borsa Italiana – the Italian exchange it bought in 2007.Chief executive of Turquoise David Lester said: “Turquoise Derivatives, combined with the proven operating and clearing model already enjoyed by EDX customers, will be the start of the process that turns the sector on its head.”In a separate development, the Chicago Board Options Exchange (CBOD) became the latest market operator to join a global frenzy of boerse mergers. Chief executive William Brodsky said yesterday CBOD’s focus on equity derivatives had kept it competitive against larger rivals, but said remaining a niche player “may not be the only way that we will succeed.”His comments leave the door open to joining the consolidation wave that has swept the industry. Tags: NULL 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.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org KCS-content last_img read more

TalkTalk refunds £2.5m

first_img KCS-content whatsapp Share Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap TalkTalk refunds £2.5m Ofcom says its investigation into TalkTalk and Tiscali has resulted in almost £2.5m in refunds and good will payments after thousands of consumers were incorrectly billed for cancelled services. Ofcom opened an investigation into TalkTalk and Tiscali UK in July last year following complaints from over 1,000 consumers. Ofcom is now pushing for changes that will allow it to issue a financial penalty for breaches of its regulations, regardless of whether a company subsequently took action to address the problem. whatsappcenter_img Monday 28 February 2011 7:37 pm 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 PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity 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 Herald Show Comments ▼ Tags: NULLlast_img read more