Senior buys US rival for $13.3m

first_img Senior buys US rival for $13.3m Tags: NULL whatsapp whatsapp 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 MirrorBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img KCS-content Manufacturing firm Senior said yesterday it had bought US rival WahlcoMetroflex (WMX) for $13.3m (£8.5m). WMX manufactures exhaust gas systems and other parts for the energy industry. WMX reported sales of $9.7m and profit before interest and tax of $1.1m in the first half of the year. The acquisition is expected to be immediately earnings enhancing. Show Comments ▼ Share Tuesday 17 August 2010 7:49 pmlast_img read more

Car sales plunge by 17.5pc

first_imgMonday 6 September 2010 4:19 am Car sales plunge by 17.5pc John Dunne by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp Sharecenter_img 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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.com UK Car sales plunged by 17.5 per cent in August compared with the same month last year.The Society of Motor Manufacturers (SMMT) data showed that sales had dropped for a second consecutive month after a 13.2 per cent fall in July.Howard Archer of Global Insight said: “In contrast, new car registrations had increased 19.9 per cent year-on-year in the first half of 2010, reflecting the fact that sales were still being lifted in the early months of the year by the car scrappage scheme that finished at the end of March. “Some car sales in the second quarter reflected the lagged impact of the scrappage scheme.” Show Comments ▼ Tags: NULL whatsapplast_img read more

Shore Capital eyes potential acquisitions after profit lift

first_img Shore Capital eyes potential acquisitions after profit lift KCS-content Tags: NULL Share 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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp whatsapp BOUTIQUE investment bank Shore Capital yesterday said pre-tax profits doubled over the first half, despite a challenging period for the markets that included the election uncertainty and sovereign debt crisis in Europe. Shore posted a pre-tax profit of £4.73m for the six months to June, boosted by comparison with £2.92m of balance sheet losses in the same period last year. Comparing the earnings of the operating businesses, profit dipped 11.7 per cent to £4.59m.Managing director Graham Shore warned that the tough market conditions would continue for some time.“The government has started to make its moves on cutting the deficit, which we wholly agree with, but it is not going to make for an easy ride in the short term,” he said.He added that tricky conditions would make life difficult for competitors and that Shore was “keeping an eye out” for acquisition opportunities.Shore said its equity capital markets arm, where revenue was broadly flat on last year, had been driven by a strong performance from the market making team, the second largest on Aim. The fund management arm saw funds under management drop slightly to £1.28bn over the period. Show Comments ▼ Tuesday 14 September 2010 8:37 pm last_img read more

Treasury will back benefit pay revolution

first_imgThursday 30 September 2010 11:07 pm whatsapp Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgBiden 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com KCS-content whatsapp Treasury will back benefit pay revolution THE GOVERNMENT has reached a truce over the welfare system, which will see most benefits scrapped and replaced with a single payment, the Times reports this morning. The work and pensions secretary Iain Duncan Smith has persuaded the Treasury that the overhaul would be affordable, the report claimed. Duncan Smith and the Treasury have spent the summer trying to hammer out a way to reduce the bill for the welfare system. Duncan Smith said in July that a “universal credit” encompassing housing benefit, jobseekers’ allowance and income support would simplify the benefits system and help guarantee that those in work would be better off. However, the Treasury has pushed on the minister to find around £5 of savings for every £1 the department spends on changing the system, constraining plans for wide-ranging reform. The current blueprint will allow Duncan Smith to declare billions of pounds in cuts up front, by counting the savings expected in the new system such as a drop in fraud, the Times said. An announcement on the transformation is expected at the Tory conference next week, while details of the £83bn of public sector cuts planned by the coalition will be published as part of chancellor George Osborne’s spending review on 20 October. A spokesperson for the Treasury declined to comment on the story last night. FAST FACTS | LOOMING CUTS● Chancellor George Osborne will spell out plans to slash £83bn from the public sector budget in a spending review on 20 October● The coalition has already cut £6.2bn after delaying contracts and reducing other costs Show Comments ▼ Tags: NULLlast_img read more

Prisoners set to work 40-hour week

first_img whatsapp KCS-content Show Comments ▼ 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe 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 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 Prisoners set to work 40-hour week KEN Clarke, the justice secretary, will today unveil plans to make prisoners work a 40-hour week and hand their wages over to victimsupport groups.Currently, relatively few prisoners work in real, salaried employment, but the government is planning to make it easier for private companies to employ prisoners in regular nine-to-five jobs.Prisoners will be allowed to keep a small stipend of around £10 a week, with the rest of their earnings providing compensation for the victims of crime.“I want to revive a policy of John Major’s government and make deductions from the earnings of working prisoners to provide compensation for victims of crime,” Clarke will tell delegates at the Tory party conference in Birmingham today.He is expected to say: “If we want to boost the amount that can be provided for victim support, we need as many prisoners as possible to work. In order to raise those funds, we need to instil in our jails a regime of hard work.”An aide to the justice secretary said it was hoped industries with labour shortages would take advantage of prison workers. Most of their earnings will go to victims, but companies will still have to pay prison workers the national minimum wage. Initially, the scheme is expected to raise about £1.1m-a-year for victim support groups. Sharecenter_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 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 whatsapp Tags: NULL Monday 4 October 2010 9:10 pmlast_img read more

Sportech in £51m deal for US bets firm

first_imgTuesday 5 October 2010 7:59 pm whatsapp whatsapp Share 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.comUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndo KCS-content 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.comI 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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgcenter_img Sportech in £51m deal for US bets firm Show Comments ▼ FOOTBALL pools operator Sportech yesterday completed a £51.4m acquisition of US-based gaming group Scientific Games Racing (SRG) and said it was looking to further expand its presence in the country.SGR’s parent company, Scientific Games Corporation, now holds a 19.9 per cent stake in Sportech, under the terms of the deal. The acquisition will transform the Liverpool-based group into one of the world’s leading pool and tote betting operators.It will now have a significant foothold in football and horseracing, across Europe and North America.The completion of the deal has taken almost a year as regulators in the US and Europe have been scrutinising the details. Sportech will now operate from bases in the Hague, in the Netherlands, Essen in Germany, and Connecticut and Atlanta in North America. But the Liverpool operation will remain the headquarters of the new group which will process more than £8.2bn in bets. Chief executive Ian Penrose said that the US offered a gateway to more sales both online and in the more traditional method of betting on paper forms. He said: “This is a massively important move for us and makes us very well placed in a changing US market. Over the past three years Sportech has undergone significant restructuring, culminating in the completion of the SGR acquisition. This acquisition creates a world-leading pools betting company with international reach.“As well as significant growth potential in our existing main markets of Europe and North America, the enlarged Sportech will have the scale and capability to compete in the new and emerging regulated global gaming markets.” The company said it was not taking on any debt to finance the acquisition which had been carried out with a number of partners. Penrose added: “This is a solid investment.” Tags: NULLlast_img read more

Tesco

first_img Tags: NULL 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap whatsapp Sharecenter_img whatsapp SIR Terry Leahy effectively signs off with yet another set of results which shows Tesco is negotiating choppy economic waters in a calm and assured way. While UK sales growth of three per cent is far from stellar, growing Asian markets have helped to keep the ship moving forward. Analysts point to the surprise forecast that the company’s US Fresh & Easy chain will be profitable by 2012/13.Meanwhile James Grzinic, retail analyst at Jeffries International, said UK profits before financial charges of £1.22bn – compared with his forecast of £1.2bn – was “remarkable” given the headwind from petrol mix, clubcard initiatives and property charges.Full-year net debt guidance of £7bn was better than consensus expectations of £7.8bn, while earnings per share jumped by 14 per cent. Leahy, who is planning to dedicate time to private investments, charity and watching his beloved Everton, when he leaves in March, can be more than satisfied with his legacy.Under him the company has diversified and become more international. Whether the momentum can be maintained remains to be seen, but for now Tesco is a “Buy”. KCS-content Tesco Tuesday 5 October 2010 8:25 pmlast_img read more

Eurozone economic recovery slowing

first_img Eurozone economic recovery slowing 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 AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Show Comments ▼ whatsapp whatsapp ECONOMIC recovery in the 16-country Eurozone continued to lose momentum at the start of the fourth quarter, preliminary purchasing managers’ indices (PMI) showed yesterday.Markit’s composite output indicator for the Eurozone manufacturing and service sector fell to a 12-month low of 53.4 in October from 54.1 in September and a 32-month high of 57.3 in April.Eurozone manufacturing activity improved slightly in October after slowing to an eight-month low in September but the services PMI weakened even further to an eight-month low. The more forward-looking indicators in the surveys also pointed to softer activity ahead. center_img Thursday 21 October 2010 9:03 pm KCS-content Share Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky 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 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

Nationwide profits up after cost cuts

first_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 The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity 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 FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo NATIONWIDE Building Society’s profits rose 26 per cent to £147m in the first half of 2010, from £117m the previous year, as it cut costs and reduced loan impairment charges.Pre-tax profits rose 83 per cent to £259m in the six months to 30 September 2010, from £143m in the same period in 2009.Impairment charges on loans and advances to customers fell 44 per cent to £179m from £317m a year earlier, while bad commercial property loans fell 47 per cent to £95m.But the group has admitted the current low interest rates have hit margins and honouring its low mortgage rate cost it £300m in the past six months compared to other market rates.Chief executive Graham Beale said “the majority” of its existing mortgage customers are still on a rate capped at two per cent above the Bank of England base rate.Nationwide said it continued to lend despite a weak mortgage market, achieving an 8.5 per cent market share and gross residential mortgage lending of £6bn.And it reported a significant recovery in savings deposits, with £400m in net retail deposits compared to £6.1b outflows the previous year. It also diversified its income base into non-mortgage and savings products.It opened 260,000 new current accounts and 120,000 new credit card accounts in the first half, 61 per cent up from last year and 88 per cent up on the one before.Meanwhile Nationwide’s cost cutting drive has seen it close its network of agency offices and a number of branches.Beale said customer demand for equity-linked alternatives to traditional savings products, plus innovative products, drove a 14 per cent increase in sales of investment and protection products and an overall increase in non-interest income of more than 20 per cent.“These results… demonstrate both the resilience of our business model and the strength of our customer franchise,” he said. whatsapp Show Comments ▼ Tags: NULL Sharecenter_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Nationwide profits up after cost cuts whatsapp Tuesday 23 November 2010 8:50 pmlast_img read more

Flowers cold on bank investment

first_img whatsapp Tags: NULL Show Comments ▼ whatsapp Flowers cold on bank investment KCS-content Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proofcenter_img Sunday 5 December 2010 11:37 pm A deal between US private equity investor Christopher Flowers and one of Spain’s troubled saving’s banks is close to the rocks.Flowers is believed to have gone cold on a deal in principle to snap up €420m (£357m) of convertible bonds in Banca Cívica. The bank failed a crunch stress test after the agreement had been struck and Flowers insists he is not obliged to continue with the investment, according to the Financial Times.The threat of a Spanish debt crisis has also made Flowers reluctant to forge ahead with the investment. Share 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 TimesBetterBe20 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’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmlast_img read more