Bank lending to UK businesses remains weak

first_imgThursday 19 August 2010 8:54 pm whatsapp KCS-content Share NET lending to British businesses fell for the fourth month in a row in June while mortgage approvals slumped to their lowest level in over a year last month, figures from the Bank of England showed yesterday.In its Trends in Lending report, the central bank showed that the net monthly flow of lending to UK firms shrank by £3.5bn in June, following a £2.2bn drop the previous month. The Bank of England said in its report that net lending by the major UK lenders remained weak in July while the stock of lending contracted across all the main sectors of the economy in the second quarter of 2010. The Bank’s contacts also noted that credit conditions for smaller businesses remained tighter than for larger corporates but added that demand had weakened compared to the first quarter.But the main lenders hit back yesterday, with the British Bankers’ Association (BBA) arguing that the net lending figures did not show businesses paying back debts. “Banks want to lend. As fast as we are agreeing new lending, others are paying back,” said Angela Knight, chief executive of the BBA. According to the BBA, banks are lending out about £500m of new money every month. whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo Bank lending to UK businesses remains weak Tags: NULLlast_img read more

Phoenix rises from ashes to the FTSE 250

first_img SERIAL entrepreneur Hugh?Osmond has seen his Phoenix Group life insurance consolidation vehicle promoted to the FTSE 250.Phoenix said its £1.2bn market value would make it one of the larger players in the index.In a quarterly rejig, Home Retail Group, Segro and Cable & Wireless Worldwide will drop out of Britain’s FTSE 100 later this month. The three will be replaced in the blue-chip index by buyout group Resolution, pump manufacturer Weir Group and car parts maker Tomkins.Companies outside the FTSE 100 that grow to rank among the 90 most valuable British companies are automatically promoted, while the FTSE 100 members with the lowest value or which fall to 111th spot or below drop into the FTSE 250 index of midrange stocks.The latest review used closing prices from Tuesday but the changes were confirmed by a FTSE committee yesterday. The index changes will be brought in after the market closes on 17 September.Four other companies will enter the mid-cap index: Jupiter Fund Management, online grocer Ocado Group, miner Kenmare Resources and car rental firm Avis Europe.Moving out of the FTSE 250 were property trust Hansteen Holdings, Gem Diamonds, Eaga, Promethean World and Game Group. Wednesday 8 September 2010 8:17 pm KCS-content whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleNinjaJournalist25 Cute Baby Animals That Will Melt Your HeartNinjaJournalistcenter_img Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’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 ProofTortilla Mango Cups: Recipes Worth CookingFamily 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼ Phoenix rises from ashes to the FTSE 250 Share Tags: NULLlast_img read more

IMF says new jobs essential

first_img 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 KCS-content Share THE world’s rich countries need to extend fiscal stimulus and job growth initiatives to fix a “dire” labour market that could threaten entire societies, the International Monetary Fund (IMF) said yesterday. At a conference co-hosted by the IMF and the International Labour Organisation, visiting Spanish Prime Minister Jose Luis Rodriquez Zapatero said high unemployment may trigger a “crisis of confidence” in Europe.The IMF said more and more workers worldwide were unable to find jobs for longer periods, weakening social cohesion. Monday 13 September 2010 8:44 pm whatsapp whatsapp IMF says new jobs essential Show Comments ▼ Tags: NULLlast_img read more

Sugar hits eight-month high

first_img whatsapp Share Sugar hits eight-month high Thursday 14 October 2010 8:54 pm KCS-content Sugar futures sprang to an eight-month high for the third day running yesterday due to crop problems in leading grower Brazil and chart-based investment funds buying in the sweetener, analysts said.The rest of the complex failed to match that surge as cocoa futures ended mixed and arabica coffee rose modestly, helped by a 2010 low for the US dollar. A weaker dollar tends to boost most commodities. Raw sugar surged to a new high of 28.36 cents per pound. Show Comments ▼ whatsapp More From Our Partners Florida 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.comA 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com Tags: NULLlast_img read more

Gap looks to international shops and internet to help boost sales

first_img whatsapp Show Comments ▼ Gap looks to international shops and internet to help boost sales AMERICAN clothing retailer Gap has projected that online and international sales will account for more than one-quarter of total net sales by its fiscal year 2013 as it expands its business overseas.Gap, which operates a namesake chain of clothing stores as well as the Old Navy and Banana Republic chains, said it expects to be in 80 countries by the end of 2010, compared to 25 at the start of the current fiscal year, aided by online sales and third-party deals.In a statement released ahead of its annual meeting with investors yesterday, Gap said it was considering expanding the Old Navy chain beyond North America, and using its Gap stores opening in China and Italy this fall to spur growth through future outlet stores and online sales there. Gap is opening four flagship stores in China next month and plans to open outlets there in 2012.In his introductory remarks to investors, chief executive Glenn Murphy said the market in North America for much of the company’s business is “mature”.Gap is targeting doubling online net sales and the number of its franchise stores to 400 by 2015. In September, Gap reported like-for-like sales fell 2 per cent, missing Wall Street forecasts. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todaythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp Sharecenter_img Thursday 14 October 2010 9:31 pm Tags: NULL 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 Wrap KCS-content last_img read more

WTO enters a currency row

first_img Tags: NULL THE HEAD of the World Trade Organisation (WTO) stepped into an escalating row over currency policies yesterday, saying growing disputes about exchange rates could threaten global trade and economic recovery.WTO director-general Pascal Lamy said governments had largely resisted resorting to conventional trade measures such as higher tariffs to protect jobs in the wake of the crisis.Disorderly currency movements could damage stability in the trading system, especially if they were seen to be the pursuit of comparative advantage through exchange rates, he said. whatsapp Share KCS-content Tuesday 19 October 2010 7:59 pm Show Comments ▼ WTO enters a currency row Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapplast_img read more

Raft of City firms promise to give London Living Wage to low paid

first_img whatsapp Show Comments ▼ A RAFT of big-hitting City firms have agreed to pay their employees the London Living Wage, as part of Boris Johnson’s drive to push up wages for the low paid. Investment banking giants UBS, Bank of America Merrill Lynch?and JP Morgan yesterday added their names to the growing list of firms promising to pay all staff a minimum of £7.85 per hour. Law firms Allen & Overy, Freshfields Bruckhaus Deringer, Norton Rose and Slaughter and May also signed up to the scheme, bringing the total number of participating companies to 115. Johnson said: “There is an army of workers… who keep this city functioning, and it is only right that they are rewarded with a wage that will help keep them out of poverty.” Tuesday 16 November 2010 9:08 pm KCS-content 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 Share whatsapp Raft of City firms promise to give London Living Wage to low paid Tags: NULLlast_img read more

Fedex delivers lower profits

first_img KCS-content Thursday 16 December 2010 8:01 pm More From Our Partners Police 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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.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.com Fedex delivers lower profits Share US COURIER FedEx delivered below-expectation second quarter results as additional costs outweighed strong trading, it said yesterday.Profits fell 18 per cent to $283m (£180m) from $345m a year earlier despite revenues rising 12 per cent to $9.63bn. Asian market growth and a global economic recovery pushed overseas volumes to a record high, it said. But costs rose as it reinstated employee benefits and coped with rising fuel prices. Fedex raised its full-year profit forecast, saying holiday delivery volumes were unexpectedly strong. center_img whatsapp Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoMagellan 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 NowHealthyGemUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Tags: NULL whatsapplast_img read more

Crisis for government migration cap

first_imgWednesday 22 December 2010 7:37 pm Share whatsapp Crisis for government migration cap whatsapp NET migration will not fall by much next year despite the Conservatives’ pledge to reduce it to “tens of thousands,” the Institute for Public Policy Research (IPPR) said today.And the government’s measures to restrict immigration face legal challenges from opponents and attacks from business groups.Entrepreneurs and investors will no longer be able to enter the UK on “Tier 1” applications, the government suddenly declared yesterday.“The early closure of the current route will be an extra hurdle for business ahead of the permanent cap,” responded Baroness Jo Valentine of London First.The government wants to reduce the annual number of non EU economic migrants to 21,700.But last week the High Court upheld a challenge to the current cap on non EU immigration.And immigration from within EU peripheral countries is likely to increase, the IPPR said.“The cap on skilled migration from outside the EU could hurt the economic recovery,” it said. KCS-content center_img Show Comments ▼ Tags: NULL 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 More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.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.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comColin Kaepernick to publish book on abolishing the policethegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comlast_img read more

Travel group bosses gain after failure

first_imgMonday 3 January 2011 10:32 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald KCS-content Show Comments ▼ whatsapp Share Tags: NULLcenter_img 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 THE former finance director of Europe’s largest tour operator has pocketed a £757,000 share deal just weeks after he stepped down over a £117m black hole in the firm’s accounts.Paul Botwell, who exited TUI Travel in October, gained from a share payout to five senior directors amounting to £4.9m on 30 December.Chief executive Peter Long also gained from the arrangement, which comes on top of a £3m share payout in February and in addition to salary, cash bonuses and pension fund top-ups.The operator, which owns the Thomson and First Choice brands, said last night the deal was not linked to financial performance this year, instead forming part of a three-year reward scheme relating to 2007 performance.Botwell, 42, left the company after an IT error led to an accounting discrepancy. The glitch came following the firm’s acquisition of First Choice in 2007, when two computer systems were brought together.Although the impact was initially downplayed, the firm’s auditor KPMG found £117m of “irrecoverable balances” lost in an accounting black hole.Yet a dispute between the operator and KPMG led to the two parting ways, with PricewaterhouseCoopers expected to take over following TUI’s general meeting early next month.TUI moved to write off the amount, which resulted in a reduction in profit from £443m to £401m for the year to 30 September 2009, with a further £5m hit in the year to 30 September 2010. Travel group bosses gain after failure whatsapplast_img read more