Surveys cast shadow over house pricesa

first_img whatsapp Surveys cast shadow over house pricesa HOUSE prices fell much faster than expected last month and construction activity slowed, industry surveys showed yesterday, reinforcing concerns that economic growth will fall off sharply.The strongest quarterly construction growth for decades pushed British economic growth to a nine-year high of 1.2 per cent in the second quarter, but the Markit/CIPS purchasing managers’ index (PMI) suggests this is slowing rapidly — driven partly by weaker house prices.House prices dropped a bigger-than-expected 0.9 per cent in August after a 0.5 per cent decline in July, the sharpest fall since February, according to the monthly survey from mortgage lender Nationwide.July and August marked the first two consecutive monthly house price falls since the decline in British house prices levelled off in February 2009, and the annual rate of house price growth slowed to 3.9 per cent from 6.6 per cent, well below forecast.“As fears of a double dip in the housing market take hold, builders will likely feel less urgency to begin new developments,” said Nomura UK economist Philip Rush.A fall in the rate of new home building pushed the PMI down to a six-month low of 52.1 in August from 54.1 in July.This was a sharper slowdown than economists had expected since the boost to second quarter output from projects that had been delayed because of icy winter weather faded away.CIPS chief executive David Noble said: “The most disturbing is the marked slowdown in the residential sector as this is where much of the recent sector growth has come from. The slight increase in public-sector activity disguises continuing uncertainty about the scale of spending cuts which we have yet to experience.” Show Comments ▼ Thursday 2 September 2010 8:40 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was 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.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldcenter_img whatsapp KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share Tags: NULLlast_img read more

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Consolidation is imminent as BayernLB eyes WestLB

first_imgMonday 20 September 2010 9:16 pm Consolidation is imminent as BayernLB eyes WestLB KCS-content The WestLB supervisory board discussed BayernLB’s offer to hold talks at a meeting yesterday, a source close to WestLB added.German Finance Minister Wolfgang Schaeuble recently launched a new campaign to merge publicly-owned landesbanks, which suffered in the credit crisis and could lose support more quickly under new capital rules. Show Comments ▼ Tags: NULL More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Share whatsapp whatsapp BayernLB is interested in snapping up fellow German lender WestLB, a source close to the Munich-based bank said yesterday.The move comes amid a fresh push for consolidation among state-controlled landesbanks in Europe’s biggest economy.“The considerations are at a very early stage,” the source said, adding negotiations are to be held with an open outcome.last_img read more

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Daniels quits as Lloyds boss

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 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Daniels quits as Lloyds boss Show Comments ▼ whatsapp whatsapp Monday 20 September 2010 9:38 pm LLOYDS Banking Group chief executive Eric Daniels yesterday became the third UK banking boss to quit his position in just two weeks, during a turbulent time at the top of the industry.Lloyds said Daniels would retire in a year’s time, giving it time to conduct a thorough search for his successor both externally and within the bank.Primary soundings from the banking industry have thrown up a number of high-profile potential candidates for the role, including Naguib Kheraj, the former chief executive of JP Morgan Cazenove; Fritz Seegers, who quit as head of retail and commercial banking at Barclays at the end of last year; and Douglas Flint, HSBC’s softly-spoken finance director.The name of Stuart Gulliver, HSBC’s head of investment banking, was also being touted around yesterday in the City, though some believe that an investment banker would be unpalatable to the government, particularly given the furore over Bob Diamond’s appointment to the helm of Barclays earlier this month.Lloyds’ head of retail banking Helen Weir is thought to be the most likely candidate if the bank plumps for an internal candidate.Daniels’ decision to step down comes after the bank’s chairman Sir Win Bischoff started to make enquiries in the City about a potential successor earlier this year. In May, Bischoff approached former trade minister and Standard Chartered boss Lord Davies, though he has since accepted two positions as chairman of Hong Kong’s PineBridge Investments and as a partner at US buyout group Corsair Capital. Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative 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.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.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.com Daniels has had a rocky ride at Lloyds over the last two years, having shouldered the brunt of the blame for leading the disastrous acquisition of HBOS in 2008. The deal led the bank to the brink of bankruptcy, forcing it to accept a part-bailout from the government, which still holds a 41 per cent stake.The Treasury yesterday insisted that the recruitment of Daniels’ successor would be a matter for the Lloyds board, adding that UKFI manages the taxpayer’s stake “at arm’s length”. However, government sources said the successful candidate would have to be “the right person at the right price”, suggesting the bank will come under significant political pressure not to lure a banking heavyweight with a generous pay package.Lloyds investors yesterday appeared unruffled by the upheaval, with the shares gaining 2.75 per cent to close at 77.41p. KCS-content Tags: NULLlast_img read more

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DILLER STEPS DOWN AT LIVE NATION

first_imgWednesday 29 September 2010 11:06 pm whatsapp 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 Tags: NULL Sharecenter_img whatsapp KCS-content DILLER STEPS DOWN AT LIVE NATION 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com BARRY DILLER, the US media mogul, has stepped down as chairman of Live Nation Entertainment, the world’s largest concert ticketing company. Diller, 68, became chairman after the February merger of Live Nation and Ticketmaster Entertainment. He was chairman of Ticketmaster through his role as chairman and chief executive of IAC/InterActiveCorp internet media company. He said: “I only planned to stay as chairman through the transition and integration of the two companies.” last_img read more

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UN warns of currency war threat

first_img Share Tags: NULL whatsapp WORRIES over the US economy sent the dollar tumbling against most world currencies yesterday, prompting the UN to warn countries against an all-out currency war. The dollar reached $1.41 against the euro and near-parity with the Australian dollar, while a rush to hedge against a weak US dollar sent gold prices to a record high.Weakness in the dollar, the world’s reserve currency, could encourage other nations to devalue to keep their exports cheap by comparison. The fall came as the US revealed that its trade deficit widened 8.8 per cent to $46.4bn (£29bn) in August, driven by a record level of Chinese imports. The Chinese yuan then reached 6.65 against the dollar, its strongest closing level since July 2005. The new high fuels US arguments that China is unfairly keeping its currency cheap to support its exports abroad. The UN warned yesterday that any instability in the currency market has the potential to wreck the fragile recovery of global trade.“We have seen recently fluctuations of major currencies in a significant manner. There is a danger of a currency war,” said James Zhan of the UN’s trade body. Traders have flocked to sell the dollar since Tuesday, when the US Federal Reserve gave a strong indication that it was prepared to restart quantitative easing to kickstart the flagging economy. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times KCS-content Thursday 14 October 2010 9:49 pmcenter_img whatsapp UN warns of currency war threat 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 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 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 Wraplast_img read more

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Euro at two-month low over contagion fears

first_img More From Our Partners Native 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com alison.lock Euro at two-month low over contagion fears Share whatsapp Tags: NULLcenter_img THE EURO has fallen to two-month lows against the dollar today as investors looked past the Irish rescue package to debt problems in other peripheral eurozone economies and sold the currency on any bounce.European Union finance ministers endorsed an €85bn (£72bn) rescue package for Dublin and approved outlines of a permanent crisis-resolution system that could make private bondholders share the burden of restructuring sovereign debt after 2013.Sentiment remained fragile with a sale of Italian bonds meeting lukewarm demand and highlighting investors’ unease towards euro zone debt and the risk of contagion.A key question is whether the EU has done enough to stop the crisis spreading to euro zone members such as Portugal and Spain – a problem left unresolved after Greece was bailed out in May.“The euro remains a sell on rallies and any relief is temporary,” said Ankita Dudani, G-10 currency strategist at RBS Global Banking. “Ireland is taken care of but now the question is whether Portugal needs help this year or the first thing next year. And then you have Spain.”Many traders think the European Financial Stability Facility, a joint EU-IMF fund created in May, may not have enough funds to support Spain if it needs help.The euro was down 0.56 per cent at $1.3172, having fallen to $1.3166, its lowest since Sept. 21. It fell through its 100-day moving average on Friday, a bearish signal, and the next target is its 200-day moving average currently at $1.3129.Euro/dollar implied volatilities extended a recent ascent, reflecting nervousness about the single currency. One-month vols rose to 14.55 per cent from 13.60 on Friday, while risk-reversals increasingly bid for the downside.The one-month 25-delta was trading around 2.0 for euro puts versus 1.85 on Friday.Ireland said the emergency loans would run for an average of 7.5 years, with an interest rate of around 6 per cent. Many analysts say markets are still likely to turn on Portugal and Spain, seen as the eurozone’s next weakest links.“It is going to be difficult to ringfence Ireland,” said Tom Levinson, FX strategist at ING. “The euro will continue to struggle in a week when we can expect some decent U.S. data.”Another source of uncertainty is a lack of details on a Franco-German proposal to make private bondholders share the burden of losses on sovereign debt restructuring.“The difficulty for the market is to allow itself the luxury of letting these developments get traction in a currency market where buying the euro is still akin to catching the falling knife,” Daragh Maher, deputy head of global foreign exchange research at CIB wrote.Analysts said the market would be on the lookout for whether ECB policymakers, meeting on Thursday, would go ahead and remove some of the emergency measures put in place earlier this year.While some analysts say the Irish package will reduce Irish banks’ need for ECB funding, RBS’s Dudani said euro zone banks were still grappling with funding problems and the emergency measures were needed.The euro’s losses helped the dollar index to its highest in two months. It rose to as high 80.653, up 0.3 per cent for the day. Monday 29 November 2010 7:06 am 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 NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute whatsapplast_img read more

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GM car sales jump 11pc

first_img whatsapp Show Comments ▼ GM car sales jump 11pc Tags: NULL whatsapp KCS-content center_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 TimesMagellan 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 NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com GENERAL MOTORS’ sales rose 11 per cent in the US last month, slightly less than industry-wide predictions but providing a sign of returning consumer demand. GM said yesterday its four core brands – Chevrolet, Buick, GMC and Cadillac – clawed back some market share with a 21 per cent rise in sales compared with last year. The sales figures were GM’s first since its $23bn (£14.8bn) IPO last month. GM said its average transaction prices were up $1,300 in November from a year earlier, while incentives were down. GM said growing pent-up demand for cars will be released as the economy continues to improve.Ford also reported US sales rose 24.3 per cent in November from the same period in 2009, with 147,338 vehicles sold. Share More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Wednesday 1 December 2010 8:23 pmlast_img read more

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Qantas to put more A380s back in the air after accident

first_imgWednesday 22 December 2010 7:44 pm whatsapp 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 Qantas to put more A380s back in the air after accident Qantas will have four of its older A380s in service this week and will also add a new A380 to the fleet. It added that another new superjumbo is expected to arrive in January.One of its older A380s remains under inspection while the aircraft involved in the November incident is being repaired.Qantas has threatened legal action against Rolls to secure compensation for costs incurred as a result of the engine failure on the Singapore to Sydney flight.Air regulators said that checks imposed on all A380s run by Qantas, Lufthansa and Singapore Airlines were being reduced after investigators moved closer to identifying the cause of the accident. whatsapp center_img Share KCS-content Show Comments ▼ AUSTRALIA’S Qantas Airways plans to return more of its Airbus A380 superjumbos to service after disruption caused by the blow-out of a Rolls-Royce engine on one of its jets last month.The carrier said it will have five A380s in service by the end of the week as it prepares to handle peak traffic at the start of the Southern hemisphere holiday season.Qantas was forced to ground its six superjumbos after a Rolls Trent 900 engine on one of its A380s partly disintegrated mid-flight on 4 November, forcing an emergency landing. Tags: NULLlast_img read more

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Business soars at St James’s Place

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads Thursday 20 January 2011 8:14 pm Show Comments ▼ Business soars at St James’s Place Share 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 ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img whatsapp whatsapp Wealth manager St James’s place has seen new business leap 32 per cent, pushing assets above market forecasts to a record high. The British-based business saw funds under management increase to £27bn, up by £5.6bn, beating analysts expectations of around £26.3bn.St James’s Place, 60 per cent owned by Lloyds Banking Group, saw new investments of £4.75bn, up 37 per cent. Chief executive David Bellamy said: “I am extremely pleased to report another year of record new business for St James’s Place, including a strong final quarter.“We remain committed to recruiting only the highest quality advisers into the partnership, while ensuring that we are able to offer a best in class investment proposition for clients.” Tags: NULL KCS-content last_img read more

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Dow rise fuelled by McDonald’s lift

first_img whatsapp THE Dow notched a seventhstraight day of gains yesterday, but light volume suggested that investors don’t believe the more than five-month rally has the legs to keep going. Surprisingly strong sales by McDonald’s boosted optimism on consumer spending and drove the Dow’s gains on what turned out to be the quietest day of trading so far in 2011, with total volume about 17 per cent below last year’s daily average. The light volume, “textbook wise, tells you this market is running on fumes,” said Peter Boockvar, equity strategist at Miller Tabak & Co in New York. “But that doesn’t mean it can’t continue.” Weakness in energy shares limited gains in the S&P 500 and Nasdaq after China, the world’s second-biggest energy consumer, raised interest rates for the second time in six weeks. The move pressured commodities on fears of lower demand but had little market impact outside that sector. McDonald’s shares surged 2.6 per cent to $75.36 after its January same-store sales beat expectations, led by a rebound in European demand. The S&P consumer discretionary index was up 1.2 per cent and was by far the top performer among S&P sectors. The Dow Jones industrial average was up 71.52 points, or 0.59 per cent, at 12,233.15. The Standard & Poor’s 500 Index was up 5.52 points, or 0.42 per cent, at 1,324.57. The Nasdaq Composite Index was up 13.06 points, or 0.47 per cent, at 2,797.05. Just 6.99bn shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, well below last year’s daily average of 8.47bn. In extended trading, Dow component Walt Disney shares jumped 3.2 per cent after it reported forecast-beating first-quarter earnings and revenue, as consumers travelled to its theme parks and businesses bought up ad time on its TV networks. The S&P energy sector was by far the weakest S&P sector, down 0.5 per cent. US crude for March delivery settled down 0.6 per cent. Merger activity continued for a second straight day with Kindred Healthcare’s planned acquisition of RehabCare Group to create a post-acute healthcare services company. Kindred Healthcare jumped 28.3 per cent to $25.00 and RehabCare soared 45.5 per cent to $37.05.On the downside, US-listed shares of generic drugmaker Teva Pharmaceutical Industries’ fell 5.4 per cent to $52.02 after it reported results that fell short of forecasts. Avon Products posted a steeper-than-expected drop in quarterly profit. Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndo whatsapp Tuesday 8 February 2011 7:53 pmcenter_img Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.comNative 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Dow rise fuelled by McDonald’s lift Show Comments ▼ KCS-content last_img read more

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