Lion Capital set to sell Dutch retailer Hema

first_img 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 Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Thursday 9 September 2010 8:08 pm Lion Capital set to sell Dutch retailer Hema center_img Show Comments ▼ whatsapp PRIVATE equity group Lion Capital said yesterday it had appointed Citigroup and RBS to explore selling retailer Hema, the second Dutch retailer to be placed up for sale this year.Lion Capital bought Hema, a household name in the Netherlands, for an undisclosed sum in July 2007 from Dutch retail group Maxeda, and has since expanded the number of stores to 530 in five countries from 355.The London-based private equity player said Hema has steadily grown sales since 2007, both through same-store performance and the expansion of its retail points.“A review of the next three to five years points to significant further growth potential for the brand in both existing and new markets,” said Robert Darwent, a partner of Lion Capital.“We believe that now may present an appropriate time for Lion to explore an exit from the business.” whatsapp KCS-content last_img read more

Simon Cowell in advanced talks with ITV over lock-in

first_img ITV is in advanced negotiations with Simon Cowell to tie in the X Factor and Britain’s Got Talent judge for a further three years. Last week, Cowell suggested to reporters that he might quit the UK broadcaster to focus on his US interests. But an ITV source told City A.M. Cowell had been in negotiations with the broadcaster for several weeks and that the intention was that he would continue with both shows for a further three years. It is estimated Cowell will receive £6m annually although negotiations are ongoing. “He has worked for ITV for number of years and is very loyal to ITV. He has publicly said he is very grateful to ITV for giving him his big break. Obviously he has commitments in the US but he’s also driven by what the audience want and will continue to make these shows as long as the audience still wants to watch them,” said the ITV source.Judging by Saturday’s viewing figures Cowell’s commitment to the shows looks unlikely to diminish. X Factor drew in an average audience of 10.8m viewers on Saturday night – 45 per cent of those watching television nationally at the time – and peaked at 12.3m, making the fourth episode of this year’s X Factor the most successful of all and beating last years viewing figures by 800,000. 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp whatsapp KCS-content Simon Cowell in advanced talks with ITV over lock-in Sharecenter_img Show Comments ▼ Sunday 12 September 2010 10:43 pm 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaFlight 10Secret Car Features Most Don’t Realize Their Car Is HidingFlight 10 Tags: NULLlast_img read more

Confidence is on the up in spite of cuts

first_img whatsapp More From Our Partners Russell 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comConnecticut man dies after crashing Harley into live bearnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Share whatsapp Show Comments ▼ KCS-content center_img 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.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com CONSUMER confidence rose last month bucking the downward trend of the previous three months as expectations for the future of the economy appeared to improve on the back of positive second quarter GDP growth and improving employment statistics. Nationwide’s consumer confidence index rose five points to 61 in August although the index remains significantly below the long-term average of 83. However, expectations for the future rose seven points to 84, shrugging off the impending austerity cuts, and beginning the recovery from the massive drop of 43 points in the five months from February 2010. Mark Saddleton, Nationwide’s head of economic and market analysis, said: “Consumers expressed greater optimism during August causing the index to recover some of the ground lost since its interim peak in February. It may be that the recent dip was a product of increased caution following the general election as consumers assessed what direct impact a change in government and new austerity measures would have on their individual circumstances.”However, consumers remained pessimistic about the future of the housing market. Consumers now expect the value of their home to decrease by 0.1 per cent over the next six months – a decrease of half a percentage point from July’s figure – which saw a 0.4 per cent rise. Saddleton said confidence would also be affected by speculation over public spending cuts and a difficult jobs market, but positive retail sales on the high street and continued low interest rates would help to stem any further falls. He added: “While there is still a long way to go before it can be said that confidence has returned, these figures are an encouraging sign that consumers may be starting to feel more upbeat as the UK continues to recover from its deepest recession since World War II. However, based on these results alone, it is difficult to say with any degree of certainty whether such optimism will remain for a sustained period of time forcing an upwards curve in confidence.” Confidence is on the up in spite of cuts Monday 13 September 2010 8:44 pm Tags: NULLlast_img read more

Compass serves up growth

first_img whatsapp KCS-content More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.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.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comWhy people are finding dryer sheets in their mailboxesnypost.com COMPASS Group said it expected full-year earnings to rise by around 15 per cent after sales growth accelerated in the second half boosted by new contract wins and improved retention of existing customers.The group, which counts Chelsea Football Club, London’s O2 arena, the Bank of England and the US Senate among its clients, said revenue growth, excluding acquisitions, improved to over five per cent in the second half of the year compared with 0.4 per cent in the first half.For the full-year, it expected revenue growth to be around three per cent. However, including acquisitions and, at constant currency rates, it is expected to be around four per cent.Compass, which operates in 50 countries, said its operating margin is expected to have improved by around 40 basis points over the full-year.The group said the ongoing challenging economic conditions are likely to continue to impact organic revenues in the near term but said it was encouraged by its pipeline of new business, while the strength of its balance sheet is enabling it to make acquisitions.Shares in the group, closed down 1.5 per cent yesterday at 530.5p, valuing the business at £10bn. Thursday 30 September 2010 10:30 pm Show Comments ▼center_img whatsapp Compass serves up growth Share Tags: NULL Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More 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 Timeslast_img read more

UK taxes near top in Europe

first_img whatsapp THE UK has become the fourth most highly taxed country in the whole of Europe, a report revealed yesterday while also warning there could be an exodus of high earners from the City.KPMG’s annual individual income tax and social security rate survey showed the introduction of the 50 per cent rate of tax was the highest personal income tax increase in the world last year. It also propelled the UK from 13th on the league table last year to fourth in terms of the amount of income tax high earners are expected to pay. Only Sweden, Denmark and the Netherlands have higher personal income tax rates.Income tax levels in the UK are now higher than those of key European competitors, France and Germany, KPMG found.But the survey suggests other governments in Europe and the rest of the world may be following the UK’s example by increasing the top rate of income tax as a way of dealing with their budget deficits.KPMG said income tax rates globally had risen for the first time in seven years reversing a general decline. The majority of rate movement in 2010 came from Europe. Those paying the highest income taxes in the world were still those living in the European Union where average rates went up by 0.3 per cent over the past year, although this was in line with the global increase in tax rates.Jayne Vaughan, tax partner in international executive services at KPMG in the UK, said the higher rate tax bracket could have a negative affect on Britain’s economic competitiveness.“Individuals are highly mobile and they may decide to vote with their feet. And where employers are concerned, tax is a crucial business issue when it comes to deciding where to locate workforces,” he said.Vaughan said it was still unclear what the effect of the tax increases around the world would be but added “the fact that high income earners are frequently more mobile should not be overlooked.” 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 UK taxes near top in Europe Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo KCS-content Tuesday 5 October 2010 8:37 pmcenter_img Share Show Comments ▼ whatsapp Tags: NULLlast_img read more

Standard Chartered

first_img THERE’S something that doesn’t ring quite true about Standard Chartered’s insistence that it is tapping shareholders for £3bn to boost its capital buffers. Management is adamant that cash won’t be used for acquisitions, but we’re not so sure. With a core Tier 1 capital ratio of nine per cent at the end of June, its capital levels are pretty solid.It’s true that some local private sector banks in Hong Kong, India and Singapore are better prepared for Basel III (which calls for a Tier 1 of seven), with capital ratios nearer the 11 or 12 mark. But even if it does want to improve its capital position, this is an overly cautious move: it has three years to comply with the new regulations from the Bank of International Settlements, and could easily limit the dividend slightly or marginally scale back investment. Then there’s the timing: just as rumours that JP Morgan is about to buy Standard Chartered start to take on a life of their own, the latter announces a shock rights issue. Coincidence? Perhaps. But £3bn would enable Standard Chartered to bulk up with a series of bolt-on acquisitions, employing the so-called “fat man” defence and repelling any unwanted advances. We expect Standard Chartered to hit the acquisition trail in the near future. Watch this space. KCS-content Share Standard Chartered More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼ whatsapp Wednesday 13 October 2010 8:06 pm whatsapp Tags: NULLlast_img read more

US jobless claimants fall in boost for economy

first_img Show Comments ▼ John Dunne 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 Initial claims for US jobless benefits hit a four-month low last week, while the trade gap narrowed more than expected in September, hopeful signs for an economy that has been stuck in a slow-growth rut.The number of workers filing initial claims for unemployment benefits fell to a seasonally adjusted 435,000 in the week to 6 November from a revised 459,000 for the prior week, the Labour Department announced.The bigger-than-expected dropped was underscored by the four-week moving average of claims which fell to its lowest since just before Lehman Brothers filed for bankruptcy in September 2008 in the depths of the financial crisis.Meanwhile, a separate Commerce Department report showed the US trade deficit narrowed more than expected in September, despite near record imports from China, as a weak US dollar helped American exports grow for the third consecutive month.A narrower deficit is positive for US economic growth since it suggests more demand is being met by US production.A third government report showed a jump in petroleum prices in October pushed overall import prices to their highest since April, but the rise was less than analysts expected.US stock index futures turned positive after the reports, while US Treasury debt prices added to losses. The U.S. dollar added to gains against the euro and yen.“Jobless looks a little better than expected. The trend seems to be getting better, though certainly there’s way too many as far as unemployed out there,” said Jay Suskind, senior vice president at Duncan-Williams in Jersey City, New Jersey. whatsapp Tags: NULLcenter_img whatsapp Wednesday 10 November 2010 9:52 am US jobless claimants fall in boost for economy Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Sharelast_img read more

ABN Amro profit rises on lower charges

first_img ABN AMRO, the state-owned rump of the former leading Dutch-based international bank, has reported a jump in underlying net profit thanks to higher interest income, lower charges and a gain on its debt buy-back.However, after some 1.4bn euros (£1.2bn) in costs arising from the mandatory sale of part of the Dutch commercial bank, separation, integration and restructuring, it had a net loss of 627m, compared with a profit of 325m a year ago.The group is now made up of the ABN AMRO and Fortis Dutch retail banking activities, as well as commercial and merchant banking services for Dutch firms, and private banking units in 13 countries with a growth focus on Asia.“ABN AMRO is well on its way to improve the reported and underlying profitability of the bank as synergies will start to emerge from now on and integration costs will start to decline,” chief executive Gerrit Zalm, a former finance minister, said in a statement.“ABN AMRO Bank and Fortis Bank Nederland merged on 1 July 2010. It is very encouraging to see the positive reactions so far from staff and customers alike,” he added.The bank said loan impairments fell 47 percent on the back of an improving Dutch economy, while impairments on the mortgage portfolio were marginally lower. Staff numbers were down 10 per cent.Shareholders equity increased by 2.9bn euros to 11.7bn, primarily the result of the conversions of 2.6 billion of mandatory convertible securities held by the Dutch state into equity and the remaining state capital injection of 490 million.The state has all of the ordinary shares and most of the preference shares. The banking group ABRGPA.UL has many listed and tradeable debt instruments from notes to perpetuals.The Dutch state pumped about 24 billion euros into the local ABN AMRO and Fortis entities after the dramatic failure of a three-pronged hostile takeover of ABN AMRO in 2007 by Royal Bank of Scotland (RBS.L), Fortis and Banco Santander (SAN.MC).Their bid trumped an agreed bid by Barclays backed by Bank of America, but the funding costs proved too high in the ensuing economic downturn and credit crisis.The Dutch group has roots going back to 1720 and only five years ago had a global network including a big US presence but was frustrated in efforts to expand in Italy.The bank said it carefully monitored new regulatory developments like Basel III.“Based upon the current preliminary guidelines of Basel III and the quality of ABN AMRO’s capital basis, ABN AMRO is relatively well positioned for Basel III,” it said.The bank was slated to be privatised in 2011 or later. whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA 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.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.org Show Comments ▼ ABN Amro profit rises on lower charges Sharecenter_img Friday 19 November 2010 3:09 am 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 TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamMagellan 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 John Dunne Tags: NULLlast_img read more

Freud tries to go it alone as seeks split from Publicis

first_img KCS-content Wednesday 24 November 2010 9:05 pm whatsapp whatsapp 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 TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam Freud tries to go it alone as seeks split from Publicis center_img Share Show Comments ▼ INFLUENTIAL pubic relations executive Matthew Freud is trying to wrest back control of his agency from Publicis – the French communications group that he sold a 50.1 per cent stake to in 2005.The two are locked in talks to separate, a source confirmed to City A.M. last night, but are struggling to agree a valuation for Freud Communications – the UK’s largest PR consumer firm boasting the likes of Nike and Bupa as clients. When Publicis bought the stake five years ago, the whole company was valued at around €70m-€80m, but analysts believe the figure could be higher now given that Freud has bucked the market trend with revenues continuing to rise despite the downturn. Its revenues jumped 23 per cent to £33m last year, while pre-tax profits rose 28 per cent to £6.7m. More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comColin Kaepernick to publish book on abolishing the policethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Tags: NULLlast_img read more

Peel Hunt staff buyout from KBC completes

first_imgMonday 29 November 2010 8:06 pm whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.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.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com BROKER Peel Hunt has started life as an independent entity after completing a buyout by its staff.The buyout from former owner KBC, a Belgian bancassurance firm, was completed on Friday and values the company at £74m – a third of the £218m KBC bought it for in 2001.Peel Hunt’s employees own 75 per cent of the new firm’s equity while 25 per cent is owned by private investors including entrepreneur Neil Utley.It ends months of speculation over Peel Hunt’s future after KBC put it up for sale last September.Simon Hayes, chief executive and co-managing partner at the new Peel Hunt said it was “tremendous” to have the uncertainty removed.He said it was now “business as usual” as Peel Hunt would continue to focus on small and mid-cap companies as when it was KBC-owned. The decision to sell Peel Hunt followed KBC’s €7bn (£5.94m) emergency aid bailout from the Belgian government in 2008, which it was obliged to repay by divesting assets. KBC appointed Lexicon Partners to advise on the sale. By July the management had secured the required investment and an estimated 75 per cent of the company’s 126 employees took up the offer of shares. LEXICON PARTNERSJOE CHAMBERSKBC hired corporate finance advisory firm Lexicon Partners in September 2009 to advise on the sale of broker Peel Hunt.Lexicon, which has offices in New York, Hong Kong and Aberdeen, is an independent boutique advisory firm focused on financial services, utilities, infrastructure and energy. Its client list includes Prudential, HSBC, Aviva and Schroders. Joe Chambers, a managing director at Lexicon, has specialised in mergers and acquisitions for financial institutions in the UK for the past ten years. He focuses on the asset management and stock broking sectors and has advised on deals such as F&C’s £53.6m acquisition of Thames River Capital this year. Prior to joining Lexicon in May 2001, Chambers worked at US investment bank Donaldson, Lufkin & Jenrette, which was acquired by Credit Suisse First Boston in 2000. There he specialised in mergers and acquisitions in the financial institutions sector. Prior to Donaldson, Lufkin & Jenrette, Chambers worked for the corporate finance division of Natwest Markets for two years, and at Ernst & Young for three years. He has a degree in management science from UMIST and is a chartered accountant. KCS-content Share Tags: NULL Peel Hunt staff buyout from KBC completes whatsapp Show Comments ▼last_img read more