Standard Life profit up on overseas expansion

first_img INSURER Standard Life reaped the benefits of growth at its overseas division to post higher interim profits.Operating profit before tax from continuing operations rose ten per cent from last year to £182m, helped by growth overseas in areas such as Canada and India.Net inflows rose 71 per cent to £5.3bn, while the company also raised its interim dividend by 4.8 per cent to 4.35 pence.Standard Life’s earnings follow a set of solid profit increases from Britain’s top insurers this month.Earlier this month, larger UK rivals Aviva and Legal & General posted higher first-half profits and delivered upbeat outlooks, while Prudential is also expected to report a rise in profits.“Whilst the economic background remains uncertain we believe that the underlying demographic and regulatory trends in our key markets continue to support our future growth potential,” Standard Life said in a statement. whatsapp whatsapp Share Standard Life profit up on overseas expansion John Dunne More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.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.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Tags: NULL Wednesday 11 August 2010 2:51 am Show Comments ▼last_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img Tags: NULL whatsapp Show Comments ▼ DeloitteThe accountancy firm has appointed Zahir Bokhari to lead its UK banking and capital markets audit business.Bokhari brings over 20 years of experience to the role, having provided audit, assurance and advisory services to numerous listed clients in the retail banking, inter-dealer brokers and capital markets sectors in his previous capacity as senior banking audit partner.“These are challenging times for all financial services companies, with significant demand for audit, assurance and advisory services,” said Bokhari. “I look forward to taking on this role and helping our clients to address these issues.”Brit InsuranceThe insurance group has nominated Scott Egan as its new group chief financial officer, replacing Matthew Scales, who announced his intention to step down earlier this year.Egan’s appointment will be put to a shareholder vote at the next general meeting, which the firm said would be held no later than January next year. Scales will remain at the group until Egan arrives. Egan joins from Zurich Financial Services, where he has held various roles including group financial controller, based in Switzerland, and UK chief financial officer.His appointment comes at an uncertain time for Brit, which last month finally agreed to open its books to suitor Apollo for due diligence after it submitted a third bid for the group at £10.75 a share. Two previous bids from Apollo at £10 and £10.50 a share had already been roundly rebuffed by Brit.Edison Investment ResearchIan McLelland has joined the independent investment research house to bolster its oil and gas team.McLelland has spent his 20-year career to date with oil giant BP, where he worked in the refining and petrochemicals sectors in a range of technical and engineering management positions. He later moved to the group’s London headquarters, where he advised the various executive committees on issues such as strategy development, financial planning and performance management.CapcoThe business and technology consultancy has expanded its European capital markets team with the appointment of Jonathan Davis as its UK lead. CITY MOVES | WHO’S SWITCHING JOBS Thursday 12 August 2010 7:43 pm whatsappcenter_img Share KCS-content More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.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 Davis joins from Accenture, where he spent 22 years after graduating from university. He worked in the UK financial services team, where he was latterly a member of the ten-strong UK leadership group. Davis said these are particularly interesting times for consultancy businesses, as firms reconsider their strategies, cost structures and internal controls in the aftermath of the economic crisis.MercerThe consulting and outsourcing group is to set up a new financial strategy group based in Edinburgh, providing specialist advice to Scottish and Northern Irish companies on how to manage risks in their occupational pension schemes.Mercer said the move comes in light of the raft of challenges currently facing UK pension funds, including the continuing rise in longevity, the fall in global equity market and corporate bond yields, and the current fiscal squeeze. FTSE 350 company pension deficits stood as high as £85bn at the end of June, according to Mercer.The new Edinburgh group will be headed up by Sathish Ramdayal, who has over 15 years of experience in the industry and joins from P-Solve Asset Solutions, the investment advisory and management arm of Punter Southall. RothschildThe bank said yesterday that Oliver Goetz and James Ankers have moved over to its South-east Asia office from Frankfurt and London respectively. In Singapore, Goetz will be head of transport for Asia and Ankers will be head of financial institutions in the region.Threadneedle CommunicationsThe City public relations firm has poached Terry Garrett from rival Weber Shandwick.Garrett was formerly co-head of capital markets at Weber Shandwick, which he joined in 2000. He is an ex-journalist, having spent eight years as UK company news editor at the Financial Times. last_img read more

Osborne: Labour denying deficit

first_img Tags: NULL Osborne: Labour denying deficit KCS-content whatsapp 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 PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo GEORGE Osborne will today launch a scathing attack on Labour’s approach to the deficit, insisting that a slower pace of spending cuts would lead to a credit downgrade, higher interest rates and turmoil in financial markets.The chancellor will use his speech to the Tory conference in Birmingham to round on Labour’s new leader Ed Miliband, who has said that plans to cut public spending by an average of 25 per cent by 2014-15 could tip Britain back into recession.“Imagine, if I were to stand up in the House of Commons in two weeks time and say: I’m cancelling the deficit plan. I agree with Ed Miliband. Let’s delay the tough decisions. Let’s borrow more. Let’s go on adding to our debt,” Osborne is expected to say.“Imagine what would follow. The market turmoil. The flight of investors. The dismay of business. The loss of confidence. The credit downgrade. The sharp rise in market interest rates. The extra debt interest. The lost jobs. The cancelled investment. The businesses destroyed. The recovery halted. The return of crippling economic instability.”Osborne will claim that Miliband and the trade unions, who have also called for a more leisurely pace of spending cuts, are increasingly isolated in the debate over Britain’s £109bn structural deficitHe is expected to reel off a long list of those who have backed his plan for deep cuts, including the IMF, the OECD, credit rating agencies, the European Commission, the CBI, and Bank of England governor Mervyn King.Osborne will also confirm the government’s intention to “rebalance” the economy, so it is less reliant on the financial services sector and the City. Britain cannot create “prosperity for all… by hitching the country’s entire fortunes again to the City of London,” he will say.Osborne’s decision to focus on the need for swingeing public spending cuts is seen as risky by some party strategists, who fear the government is failing to outline an optimistic vision for the economy.Sources close to Ed Miliband last night said his approach to the deficit was “near identical” to David Miliband’s, and accused the chancellor of “resorting to the politics of scaremongering and pessimism”.But an aide to Osborne told City A.M.: “This isn’t about optimism or pessimism, it’s about living in the real work. George is tackling the economic arguments head-on”. Sunday 3 October 2010 11:32 pm Share whatsapplast_img read more

iTunes puts Beatles online

first_imgMonday 15 November 2010 9:08 pm Share KCS-content whatsapp whatsapp Show Comments ▼center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Health THE Beatles are expected to make their music available for the first time on Apple’s iTunes online music store, the company is expected to announce today, suggesting its disputes with the band are finally at an end. The copyrights to the Beatles’ earliest recordings start expiring from the end of 2012, 50 years after their first single “Love Me Do” was released. Apple Corps, the Beatles’ record label, waged a trademark battle with the computer maker arguing it had agreed in 1991 not to use the Apple brand in connection with music content. Expectations of a music-related announcement from Apple’s digital store were raised yesterday by a teasing notice on its website homepage, which read: “Tomorrow is just another day that you’ll never forget. Check back here tomorrow for an exciting announcement from iTunes.” iTunes puts Beatles online 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more

Candover to sell CPL to its management

first_img CANDOVER Investments will spin off its private equity management arm to a group of its directors as part of its wider plan to wind down the firm. It will offload Candover Partners Limited (CPL) to new entity Arle Capital Partners, an investment advisory firm set up by the group of its executives, for a nominal sum and sell 29 per cent of its investment portfolio to an entity backed by Arle and private equity group Pantheon.The value of the sale is expected to come in at around £60m – a heavy discount to the carrying value of the assets. The funds will be returned to its investors as the firm seeks to claw back losses incurred during the financial crisis.Candover also announced long-standing chairman Gerry Grimstone plans to step down after the sale closes, adding “the search for a successor has begun”.Malcolm Fallen, Candover’s chief executive, said: “This is the last significant step in implementing our plans to return cash to shareholders over time.“The sale of CPL to its executives will create an independent, motivated and incentivised manager focused on maximising and realising the value in the portfolio.”Candover’s move to sell its portfolio of companies and return cash to investors follows a failed attempt to sell the business in August.The firm was undone by a series of ill-judged acquisitions at the height of the boom. But when the market went sour, Candover saw the net value of its assets fall by half and was forced to allow investors a chance to cancel outstanding commitments to the fund.The Candover Partners sale comes after an announcement in September that it had agreed the sale of its Equity Trust unit to private equity rival Doughty Hanson, in a deal valuing the business at £297m.It also said in October a deal to sell its Ontex nappy-making business to US buyout firm TPG and the private equity unit of Goldman Sachs had gained EU regulatory approval.The sale of the remainder of Candover’s assets could still take years to complete, with the firm insisting there will be no fire-sale.GERRY GRIMSTONECANDOVERCHARISMATIC chairman Gerry Grimstone will soon sever his relationship with Candover that has lasted over a decade. The 60-year-old announced yesterday he will step down when the sale of Candover Partners Limited to a group of its executives closes next year. His time at the firm has been tumultuous – for many years Candover was a roaring success story, wielding a Midas touch that was the envy of the private equity industry.But Grimstone experienced the flip side of the coin when the financial crisis hit and the value of its portfolio plummeted. He received criticism for a number of acquisitions at the firm that were deemed ill-judged.Grimstone, though, is no stranger to criticism. He came under fire from the left for his role in the privatisation drive of the early 1980s.As assistant secretary at the Treasury from 1982 to 1986, he was a key adviser to Margaret Thatcher during her landmark £5.4bn asset sales. He oversaw 20 major sell-offs including offloading the water companies and privatising BT. While the sales were lauded in the City, it was famously described as “selling off the family silver” by Harold Macmillan. He later went on to advise the Labour government as it attempted to claw back funds during the financial crisis by selling off state assets.While he made his name as a civil servant, he made his fortune as an investment banker. He joined Schroders in 1986, where he rose to vice chairman of worldwide investment banking, splitting his time between London, Hong Kong and New York.He maintains an interest in the civil service, holding the position of chairman of the Nominations Committee and member of the Remuneration Committee. He was overlooked for the chairmanship of the court of directors at the Bank of England.The physically imposing Grimstone has a reputation for being both intelligent and combative.The divorcee with three children has also been a member of the Standard Life board since 2003. 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 TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition KCS-content whatsapp Tags: NULL Candover to sell CPL to its management More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgcenter_img Show Comments ▼ Monday 6 December 2010 9:00 pm Share whatsapplast_img read more

TDC in $3.7bn share buyback

first_img whatsapp TDC in $3.7bn share buyback Tags: NULL Thursday 9 December 2010 7:31 pm Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgcenter_img KCS-content 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 PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo whatsapp Share THE private equity owners of Denmark’s TDC are banking up to $3.7bn (£2.3bn) through a share buyback and one of Europe’s biggest public offerings of 2010, as they start to cash in on their investment.Over a third of the former telecoms monopoly is being sold initially. TDC’s chief executive Henrik Poulsen said. Apax Partners, Blackstone Group, Kohlberg Kravis Roberts, Permira Advisers and Providence Equity Partners plan to sell further shares after an 180-day lock-up.“There is no doubt that this share sale is the first step to a full exit,” Poulsen said.The private equity houses yesterday priced the offering of 210m shares at 51 crowns per share, the middle of an earlier narrowed range of 50-52 crowns per share.The share sale is the latest example of private equity firms making the most of a relative resurgence in demand for equity offerings in Europe to cash in on investments they made several years ago, and follows a successful debut offering by Danish jeweller Pandora in October.While not a flotation, the offering effectively relaunches TDC on the Copenhagen bourse as its shares have been largely illiquid since the consortium bought an almost 90 per cent stake in 2005, in what was then the largest European leveraged buyout in history. Poulsen said TDC, which operates in a highly-competitive domestic market, planned to beef up its businesses in Sweden, Norway and Finland to “prove its worth”. last_img read more

Italian vote spooks bonds

first_imgSunday 12 December 2010 11:09 pm THE prospect of political turmoil in Italy is spooking sovereign debt markets, pushing the yield on Italian bonds back towards the highs seen just before Ireland agreed to apply for a bailout.With Italian prime minister Silvio Berlusconi facing a no-confidence vote tomorrow after thousands came out in protest against him over the weekend, investors are ready to flee the peripheral Eurozone country.The yield on Italian 10-year bonds closed at 4.6 per cent on Friday, up 100 basis points in just over a week. Berlusconi could be toppled from power tomorrow after a run of scandals involving young women and charges of corruption, with his fate riding on a knife-edge vote in parliament.But his political opponents said that even if he wins the vote, his authority will not be secure. Gianfranco Fini, who withdrew his support from Berlusconi in July, said: “If the no confidence motion does not pass, we will have a government that’s just trying to survive. That’s not stability, that’s vegetating.”It means that he might have trouble pursuing the over-arching reforms required to improve Italy’s competitiveness and deal with its public debt. 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com KCS-content whatsapp Share Italian vote spooks bonds whatsapp Show Comments ▼ Tags: NULLlast_img read more

Retailers hit back over BBC claims

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 ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Wednesday 22 December 2010 7:40 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 Tags: NULL Retailers hit back over BBC claims Share whatsappcenter_img whatsapp KCS-content THE British Retail Consortium (BRC) has branded a withering attack on supermarket expansion broadcast on the BBC’s Panorama last night as “misleading”.Programme makers indicate that the UK’s major grocers are growing more quickly than ever, suggesting that one of Tesco, Asda, Sainsbury’s and Morrisons effectively gets planning permission for a new store “every working day of the year”.But BRC director general Stephen Robertson said that it was “ridiculous to portray healthy business growth as something sinister” and welcomed the jobs their expansion had brought.BBC research suggests that campaigners are concerned for the health of local high streets, and reports that planning permission for 577 UK supermarkets was approved in the past two years, with at least 480 of these developments by the so-called Big Four.Sainsbury’s has dramatically increased its floor space this year.But the BRC has figures from retail research organisation Verdict, which show that overall grocery retail floor space has increased relatively slowly over the last 10 years at between one and two per cent every 12 months.“Supermarkets should be praised for the contribution they make to jobs, the economy and local communities, and the figures do not include closures,” Robertson added. Show Comments ▼last_img read more

Non-execs say regulation is their biggest challenge

first_img THE greatest challenge facing non-executive directors is regulation, according to a survey of more than a hundred board members from FTSE 350 firms. When polled on the most common tests they face, the majority of non-execs cited regulatory requirements as both their biggest challenge and the one that most hinders their role, with a greater time-commitment required as a result. The report, carried out by PricewaterhouseCoopers, also showed that non-execs are concerned about matching shareholder expectations on remuneration. Over half of respondents said that shareholder committees were too concerned with “box-ticking”, and that their expectations were overly shaped by the media. Despite the negative responses, 63 per cent of non-execs polled said their role was becoming more attractive, and that fee levels were back at 2008 standards. 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 More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com whatsapp Share Tags: NULL Non-execs say regulation is their biggest challenge center_img whatsapp Thursday 13 January 2011 7:42 pm Show Comments ▼ KCS-content last_img read more

RSA warns over payouts from bad weather

first_img Show Comments ▼ Thursday 20 January 2011 2:56 am Tags: NULL Insurer RSA said losses due to bad weather in November and December had been about £142m worse than normal after Britain suffered one of the worst winters in decades.For 2010 as a whole, the company said that the weather impact was about £255m more than it might normally expect but that RSA’s policy of increasing its dividend at least in line with inflation would not be impacted by the losses.“This is a strong result in what has been an extremely tough year for the industry, including the European freeze and Chilean earthquake in the first quarter and the coldest December in the UK for 100 years,” Chief Executive Andy Haste said in a statement on Thursday.On the upside, RSA said it expected its full year 2010 results would show net written premium growth of 11 percent and an operating profit in the range of £600m to £630m.“Given the extreme weather in 2010, this is a strong result and reflects the diversity of the portfolio and the resilience of the group’s underlying profitability,” the company said.For 2011, RSA said it expected to deliver a combined operating ratio of better than 95 percent, investment income of around 550 million pounds and total investment gains of around 50 million pounds. More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Sharecenter_img whatsapp RSA warns over payouts from bad weather Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndo whatsapp John Dunne last_img read more