SPEARMINT RHINO BOSS RETURNS TO CLUB SCENE

first_img whatsapp Share whatsapp SPEARMINT RHINO BOSS RETURNS TO CLUB SCENE KCS-content More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding 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.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgcenter_img Show Comments ▼ Tuesday 7 September 2010 10:29 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 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 Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia AMID all the talk of a strict clampdown on City jaunts to strip clubs, it comes as something of a surprise for The Capitalist to learn that another such den of iniquity popped up this week claiming to be the classiest table dancing joint in town.That’s right, folks, it’s back – courtesy of founder Simon Warr, the former managing director of Spearmint Rhino, who split from the chain’s founder John Gray recently, taking control of its out-of-London clubs and rebranding them as Platinum Lace.The new club, on the former site of the CC Club, next to the Trocadero centre at Piccadilly Circus, aims to be “the very best and most exclusive” that London has to offer, and it’s not shy about tapping a market of which predecessors steered well clear: the ladies.On board to help raise awareness of the venue among female punters is Emma Sayle, she of orgy-organiser Killing Kittens fame, as a consultant. “We’ve themed it as a crossover club, with themed nights, entertainment and burlesque as well as the usual dancers,” she tells me. “We’d love the ladies to come along too – the idea that strip clubs are a primarily male domain is outdated.”BEAR NECESSITYSocGen’s lovable über-bear strategist Albert Edwards was back on top form yesterday predicting his usual decline into the icy depths of recession.No optimism over market prospects in this camp: Edwards believes we’re firmly back in the same situation as we were prior to the financial crisis in 2007.“Investors then were content to stick their heads into very deep sand and ignore the fact that The Great Unwind had clearly begun. But in August and September 2007, even though the wheels were clearly falling off the global economy, the S&P still managed to rally 15 per cent!” Edwards notes, incredulously.“The recent reaction to data suggests the market is in a similar deluded state of mind. Yet again, equity investors refuse to accept they are now locked in a Vulcan death grip and are about to fall unconscious…”Will the Star Trek indicator of market volatility soon catch on?NEWS HOUNDRivalry bubbles over on Twitter between the two doyens of financial television journalism, the Beeb’s Robert Peston and Sky’s Mark Kleinman.“BBC appears to have ‘learned’ how to read output of other news organisations. Stephen Green appointment as trade minister now imminent,” tweeted Kleinman, hours after Pesto had picked up on the story first broken by his rival. Should it be briefcases at dawn, gentlemen?SHARK ATTACKBrokering million-dollar deals or fishing human remains from the stomachs of the world’s deadliest sharks? It’s all in a day’s work for Bahamian investment banker Humphrey Simmons, who wins the prize for daredevil of the week after his eye-popping tale of terror on the high seas.Simmons tells the local Tribune paper that he was out deep sea fishing when he reeled in a tiger shark – but as he was about to cut the creature free, it spat out a human foot.Later investigations on land revealed the headless remains of a man, though officials believe he had drowned before coming to his grisly rest. Quite the most unusual extra-curricular achievement The Capitalist has ever heard from the banking sector.LOVE BOATValentine’s Day may be half a year away, but if any City gentlemen want inspiration for a romantic treat for their better halves, look no further.St Katherine’s Dock reckons it’s housing a true slice of history in the form of classic yacht the Flamont Rose, which it believes was once the “love boat” of French songstress Edith Piaf and French boxing champion Marcel Cerdan.At £1,500 a pop for a weekly rental, the old gal sure wants to get her money’s worth, though.MONKEY BUSINESSAs City runners prepare for the ever-popular Bloomberg Square Mile Relay tomorrow, word reaches The Capitalist of a slightly more off-the-wall fun run offering coming to the Square Mile. On 26 September, I’m told, 750 people will take to the streets to run 7km… and every single one of them dressed up as a gorilla, in order to raise money for the endangered creatures in West Africa. “It is ideal for those who want to do something that little bit different and push themselves physically,” say the organisers. “7k may not be far, but 7k in a gorilla suit is a lot harder…” I’ll say.SEX SELLSPing! In pops an email from merchandise group Icons.com, which clearly hasn’t been reading the papers of late.“The 2010 World Cup may not have lived up to expectations, but Friday’s 4-0 defeat of Bulgaria at Wembley showed the future may be brighter for the passionate England following,” the firm shouts, excitedly, proceeding to offer unique signed football memorabilia at a discount.“With £60 off a hand-signed Wayne Rooney England shirt, now could be the time to make that special purchase,” it adds, seemingly without irony. Tags: NULLlast_img read more

Goldman hit with £17.5m fine from FSA

first_img GOLDMAN SACHS has been slapped with a £17.5m fine for failing to tell the City regulator about a US investigation into Fabrice Tourre, the trader at the heart of a derivatives scandal.The Financial Services Authority (FSA) criticised the Wall Street titan for a breakdown in internal communication that meant Goldman’s American branch did not warn its UK office of the Securities and Exchange Commission (SEC) probe into Tourre’s role putting together a mortgage-backed security called Abacus. In turn, the UK division did not inform the watchdog. Tourre moved from New York to London midway through the SEC’s inquiry.The SEC accused Goldman of defrauding investors in Abacus by allowing John Paulson, a hedge fund manager, to help design its portfolio while planning to sell it short. Buyers including German bank IKB lost an estimated $1bn (£648m) when Abacus’ property loans turned toxic.Goldman settled the case for $550m in July, although Tourre denied any wrongdoing.Yesterday, the FSA said it did not find out Tourre had been served with a Wells Notice – which signifies US authorities’ intention to prosecute – until the SEC went public with its charges in April. The regulator chastised Goldman for “weaknesses” in its compliance routine.Enforcement director Margaret Cole said: “Goldman Sachs did not set out to hide anything, but its defective systems and controls meant the level and quality of its communications with the FSA fell far below what we expect of an authorised firm.”A Goldman spokesperson said: “We are pleased the matter is resolved.”The strength of the penalty, the second-largest the FSA has issued, was designed to embarrass the controversial investment bank. But analysts said it would have little impact on Goldman’s image in the UK.Stefano Harney, professor of strategy at Queen Mary, University of London, said: “This won’t do much damage. Just as Goldman’s huge bonus pools perversely enhance their reputation, judgements against them prove they’re at the cutting edge.”Shares in Goldman closed 1.1 per cent up at $149.14 in New York. Thursday 9 September 2010 8:42 pm KCS-content Show Comments ▼ whatsapp whatsapp Goldman hit with £17.5m fine from FSA Share Tags: NULL 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 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 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 Herald last_img read more

Daron Lee lists investment bank XCAP on AIM market for £17.5m

first_img Share KCS-content Daron Lee lists investment bank XCAP on AIM market for £17.5m More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp Thursday 16 September 2010 9:03 pmcenter_img INVESTMENT bank XCAP will list on the Alternative Investment Market today with a market capitalisation value of around £17.5m. The firm has already raised £5m ahead of the listing. XCAP received approval to act as an investment bank from the FSA in May and the corporate team have already completed five fundraisings for AIM companies since then. They have also been appointed as broker to eight AIM companies.Established by Chris Potts and Daron Lee in 2009, XCAP was created to provide investment banking services to small and mid cap companies. Daron Lee is the man behind the development of trading system Proquote, which he sold to the London Stock Exchange in 2003 for between £10.9m and £22m. Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More 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.comUndoPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-TodayUndo Show Comments ▼ whatsapp Tags: NULLlast_img read more

UBS

first_imgTuesday 26 October 2010 8:28 pm KCS-content whatsapp whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.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.orgA 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.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com UBS center_img 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 PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity 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 HeraldZen 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.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Show Comments ▼ Tags: NULL WHEN Oswald Grübel took the helm at UBS in February 2009, he quickly made a rod for his own back by setting gruelling targets. The bank would be booking at least SwFr15bn (£9.7bn) in annual profits sometime between 2012 to 2014, he said. After yesterday’s disastrous results, such a target seems laughably bullish.There were few glimmers of hope in the Swiss bank’s third quarter numbers. According to analysts at Merrill Lynch, underlying pre-tax profit excluding non-recurring items came in at SwFr986m, compared to analyst consensus of SwFr1,888m. That is a simply staggering miss of 48 per cent. The main culprit was the investment bank, which missed pre-tax profit consensus by SwFr600m. Trouble in the Fixed Income Currencies and Commodities (FICC) arm saw revenues of SwFr969m against expectations of around SwFr1,379m. The Corporate division also put in a lacklustre performance, with pre-tax profits coming in around SwFr200m.There was some good news at the wealth management division, where UBS hailed a recovery in new inflows. The Swiss bank pulled in SwFr900m of net new money compared to outflows of SwFr5.5bn in the previous quarter, while the Americas bank secured SwFr300m of new money, against SwFr2.6bn of outflows a quarter earlier. It’s worth remembering that UBS will struggle to keep this up in future quarters, however, as the UK and others line up to extract tax revenues from Swiss bank account holders. This new money also came at the expense of weaker margins, which fell from 94 basis points in the second quarter to 88 basis points. Consequently, wealth management missed expectations for pre-tax profit by SwFr100m.Excepting a remarkable turnaround in its fortunes, Grübel’s targets look more elusive than ever. He should start trying to manage expectations as soon as he can. last_img read more

Serco makes humiliating rebate U-turn

first_img Share Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach RaiderUndo Monday 1 November 2010 9:36 pm Serco makes humiliating rebate U-turn whatsapp center_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.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.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com SERCO, the FTSE 100 outsourcing firm, was forced into a grovelling apology yesterday for demanding money back from suppliers, despite promising the government it would not do so.In September Serco financial director Andrew Jenner wrote to the company’s 193 biggest suppliers saying that “like the government, we are looking to determine who our real partners are that we can rely upon. “Your response will no doubt indicate your commitment to our partnership but will also be something I will seriously consider in our working relationship as Serco continues to grow,” Jenner went on, and asked for a rebate of 2.5 per cent for contracts in the first half of 2010.However, in the face of bemusement and fury from the cabinet office over the weekend, Serco said yesterday that its plans have “evolved”and it withdrew the demands for a rebate. “We deeply regret this action and apologise unreservedly,” it said in a statement.Serco insisted that it had not attempted to mislead the government, which is its biggest client. Global CEO Chris Hyman agreed with cabinet office minister Francis Maude in October that Serco would not make savings by cutting costs with suppliers, but the firm says that by that time it had already ditched the plan. Its only error was not communicating the change of heart to its suppliers, said a spokesman.The City was unimpressed by the episode, with Serco’s share price losing 4.4 per cent during the day to close down 27p at 587p.Mike Murphy from broker Numis said in a note that the group may suffer “some reputational damage”, and that the firm will now have to find another way to make savings. SERCOCHRIS HYMAN, CEOANDREW JENNER, FDTHE two men at the heart of the Serco row are both high-fliers who have reached the heights of the company at an early age. CEO Chris Hyman, 47, is a South African-born Christian who has been described as “combining the zeal of Cliff Richard with the determination of Seb Coe”.He says that his faith is a central part of his business life and that “what I am successful for is listening to God.” He fasts every Tuesday and donates 10 per cent of his income to his local Pentecostal church in Surrey, where he lives with his wife, a fellow South African and their two children. He is also a keen sportsman, who considered pursuing a career in athletics after running a 10.8 second 100m, and used to race Formula 3 cars. He joined Serco in 1994 after working at Arthur Andersen and Ernst & Young and became group finance director in 1999 and then CEO three years later. He was awarded a CBE earlier this year. At 41, Andrew Jenner was recently described as one of a “young, hungry and dynamic breed of FDs”. He was appointed to the role in 2003, having joined the firm in 1997 after beginning his career working at Deloitte and then Unilever. He was also appointed a non-executive director of Galliford Try in early 2009. whatsapp KCS-content Tags: NULLlast_img read more

AB InBev tips profit surge

first_img whatsapp AB InBev tips profit surge 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 ScottsdaleMoneyPailGloriousaDrone Captures What No One Was Supposed to SeeGloriousaStuff AnsweredBest Meal Delivery for SeniorsStuff AnsweredSportinal25 Famous Female Gymnasts And How They’re Looking These DaysSportinalBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushFacty Fashion”This Fashion Advice Made Sense – 20 Years Ago” Says Fashion DesignerFacty FashionFlight 10Stranger Doesn’t Let Soldier Sit As She Board The PlaneFlight 10Film OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm Oracle Wednesday 3 November 2010 3:44 am John Dunne Show Comments ▼ Anheuser-Busch InBev, the world’s largest brewer, forecast profit would grow at an even faster pace in the fourth quarter than the third after beer consumption shot up in growth markets Brazil, China and Russia.The brewer of Budweiser, Stella Artois and Beck’s said growth of its much-watched core profit (EBITDA) would be “materially” higher than that of the third as cost fell, such as on marketing for this year’s soccer World Cup.AB InBev, which produces almost 20 per cent of the world’s beer, said EBITDA in the third quarter rose 9.1 percent on a like-for-like basis to $3.53bn (£2.20bn) , little different from the $3.54bn forecast in a Reuters poll of 17 brokers.AB InBev said in August it expected core profit growth in the third quarter to be stronger than the 5.4 per cent of the first half, with a further increase in the fourth quarter.This reflected a rebound in revenues from a weak second half last year, especially in the United States where prices rose, and also the timing of marketing costs this year, with more in the first half linked to the World Cup. center_img Share whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Tags: NULLlast_img read more

GM ups stock offer by 30pc

first_imgTuesday 16 November 2010 9:17 pm Share 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 Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterMovie JewelInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeMovie JewelTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For Itbonvoyaged.comYour IQ Is 142 If You Get 15/20 On This General Knowledge Quizbonvoyaged.comDaily FunnyFunny Notes You Don’t Want To Get From Your NeighborDaily FunnyNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceMaternity WeekThis Was Found Hiding In An Oil Painting – Take A Closer LookMaternity Weekcenter_img whatsapp KCS-content GENERAL Motors (GM) is boosting the size of its common stock offering by more than 30 per cent to $15.5bn, potentially making its landmark IPO the largest US offering ever.The expansion is in response to surging demand from investors, who had put in orders worth $70bn for GM’s common shares by late on yesterday.GM’s initial public offering, which will reduce the US Treasury to a minority shareholder in the top US automaker, could raise nearly $23bn if underwriters exercise the full overallotment option. The largest US IPO so far is Visa’s $19.7bn stock sale in 2008. The increased size of the IPO reflects renewed investor confidence in the world’s second largest automaker less than a year and a half after dwindling cash and falling sales pushed it into a bankruptcy funded by the Obama administration.GM plans to sell 478m common shares for $32 to $33 each, raising about $15.5bn at the mid-point.GM earlier yesterday increased the size of its preferred stock offering by $1bn to $4bn in a move that will strengthen its balance sheet by paying down pension debt – one of the concerns investors had cited heading into the IPO.Including an overallotment provision for both common and preferred shares, the GM deal is now set to raise about $22.7bn n if it prices at the high end of the new price range.The final terms for GM’s IPO are expected today. The stock is set to begin trading on the New York and Toronto stock exchanges on Thursday.GM, which lost $88bn from 2005 to its 2009 bankruptcy, earned a $4.1bn net profit in the first nine months of the year. GM ups stock offer by 30pc Tags: NULLlast_img read more

China succumbs to inflation rise

first_img Show Comments ▼ China succumbs to inflation rise Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof 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 TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center Wednesday 24 November 2010 8:39 pmcenter_img Share whatsapp whatsapp KCS-content The Chinese government may rise the target rate of inflation in spite of saying that prices are under control, it was reported yesterday. Inflation was recorded at 4.4 per cent in October, dragged upwards by escalating food prices, which rose by 10.1 per cent.But now the government may have to increase its target rate of inflation to four per cent for 2011. China’s central bank hiked interest rates in October for the first time in nearly three years. last_img read more

Ingenico dips after deal fails

first_img Show Comments ▼ Share whatsapp Ingenico dips after deal fails More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org KCS-content center_img Monday 20 December 2010 8:06 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem whatsapp FRENCH payment services provider Ingenico’s shares fell yesterday after a takeover offer from a US buyer was scuppered by opposition from its top shareholder, state-backed defence group Safran.Safran, 30 per cent owned by the French government, holds 22.5 per cent of Ingenico. It blocked the €1.44bn (£1.22bn) offer as a result of political pressure to prevent the company passing into foreign hands, analysts said. French industry minister Eric Besson said it was a “strategic” business. Shares closed six per cent off at €26.05. Tags: NULLlast_img read more

How a tax hike increased the deficit

first_img Share Show Comments ▼ SLOWLY but surely, the real cost of the return to the politics of envy is becoming clear. Figures out last night confirmed yet again that crippling tax hikes are driving people and economic activity away from Britain. Rather than raising extra tax receipts to plug Britain’s budget deficit, there is growing evidence that the raids are actually reducing the amount of money collected by the taxman, thus inflicting even greater debt on the rest of us. Our predicament is depressing almost beyond words.The number of non-doms living in the UK collapsed by 16,000 in 2008-09, the most recent year for which data is available, according to yesterday’s figures. This is a dramatic decline: an 11.6 per cent drop from 139,000 in 2007-08 to 123,000. When in April 2008 Labour – egged on by the Conservatives – introduced an annual levy of £30,000 for those who had claimed non-dom status for seven years, pundits dismissed the tax as too low to make a difference. City A.M. never bought this – unfortunately, we were right. Non-doms are people who originated overseas and pay UK tax on their UK earnings but no tax on their foreign income. The original non-doms were Greek shipping moguls who fled their socialist country to base themselves (and their businesses) in London. Until recently, the UK fought to attract such people; they pay a lot of UK tax and are often employers or high spenders. Yesterday’s figures actually underplay the true extent of the exodus: the departure of non-doms is bound to have accelerated in 2009-10 and will continue in the coming years as a result of the 50p tax rate, the hike in capital gains tax, the extra national insurance contributions and the near-hysterical war on financiers and myriad other attacks on wealth-creators and foreign investors that are now routine in this country. Not all of the decline in non-doms can be blamed on higher taxes. Part of it will have been due to the recession. Some non-doms – those with relatively modest foreign incomes – will have decided that it simply wasn’t worth paying £30,000 and will have opted instead to become regular taxpayers. But many will have left – and many more who would otherwise have settled here will have decided it was no longer worth it, especially given the constant fears that the fee could be hiked further.The Treasury told us 5,400 non-doms opted to pay the fee. This means that the taxman raised an extra £162m. The Treasury wouldn’t or couldn’t give us any more information, so I’ve made a few guesstimates to work out the net cost of the tax raid. Being over-generous to the government, it might be that half the missing non-doms are now full taxpayers. Let’s assume they are paying an extra £15,000 in tax each. That would make another £120m in tax, taking the total to £282m. Let’s then assume that the 8,000 missing non-doms would have paid £50,000 each in UK income tax, capital gains tax, VAT and stamp duty – the gross loss jumps to £400m, which means that the Treasury is £118m worse off. The real loss is almost certainly much higher. Once again, Arthur Laffer’s adage that increases in tax rates can lead to a reduction in tax receipts has come true. In years to come, Britain’s short-sighted stupidity will be used as a case study in introductory economics courses. In the meantime, the rest of us will have to pay even more tax to plug the [email protected] me on twitter: @allisterheath whatsapp whatsapp Tags: NULL Wednesday 12 January 2011 9:10 pm How a tax hike increased the deficit KCS-content More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 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.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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comlast_img read more