Gillard begins coalition talks after hung house

first_img Gillard begins coalition talks after hung house whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com AUSTRALIAN Prime Minister Julia Gillard last night began frantic negotiations with MPs who will decide whether her Labor party returns to power.The election looks almost certain to result in a hung parliament, with analysts claiming both Gillard and her conservative rival Tony Abbott have a chance to form a coalition.Gillard is most likely to make a pact with Green MPs, while Abbott could deal with rural independents.The negotiations have thrown the future of a proposed 30 per cent mining levy into doubt.Green MPs are likely to push for an even stricter tax on firms like Rio Tinto as they negotiate with Gillard.A victory for Abbott’s Liberal-National coalition however would almost certainly result in the tax being scrapped altogether. Tags: NULL KCS-content Sunday 22 August 2010 10:11 pm Share Show Comments ▼ whatsapplast_img read more

£53,000,000,000: how much the City paid in tax last year

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm £53,000,000,000: how much the City paid in tax last year KCS-content Tags: NULL Wednesday 15 December 2010 9:11 pm Show Comments ▼ Share whatsapp whatsapp THE City paid a staggering £53.4bn in tax last year – more than a tenth of total government tax receipts.The report carried out by PwC for the Corporation of London shows tax paid by the UK’s financial services industry is ahead of any other sector.Business leaders and industry figures lauded the City for its contribution to the UK and called for politicians to heed its importance to the public purse.Banks were the biggest tax payers in the financial services sector, with their contribution set to rise even further next year when the £3.4bn raked in through the bonus tax, which was levied from 2009 but collected after the year-end in March, is taken into account.In corporation tax alone financial services brought in £5.6bn, down from £7.6bn after a tough financial year. In contrast oil and gas firms saw their corporation tax receipts plummet from £10.3bn in 2009 to just £5.5bn as they struggled in the wake of the recession. Overall the amount of tax paid by the financial services industry fell £8bn – down from £61.4bn in 2009, which equated to 12.1 per cent of total tax receipts.The total tax paid as a percentage of profit was 48.5 per cent, down from 57.4 per cent the year before.More than 1m are employed by the sector, equivalent to 3.5 per cent of the workforce, with total employment tax of £24.5bn. The average amount of tax paid by each employee was more than £40,000, on a salary of £71,236. The number employed fell 7.9 per cent year-on-year.National insurance contributions accounted for 39.7 per cent of taxes, with VAT at 23.9 per cent and corporation tax at 16.6 per cent.Corporation of London policy chairman Stuart Fraser told City A.M. the findings prove the City is a vital contributor to the UK.He said: “This report shows the vital contribution made by the financial services industry to the Exchequer even as the effects of the crisis weighed on institutions across the City. I was surprised the drop was only £8bn, given the effects of the financial crisis. Next year, I suspect that the £8bn will be almost recovered. I’m very concerned that new bonus rules could drive talent away from the UK.”Anthony Browne, the Mayor of London’s adviser for economic development, said: “These figures are a good message for the rest of Britain. It is in everyone’s interest that there is a thriving financial services sector.”Angela Knight, chief executive of the British Bankers’ Association, said: “This shows just how significant the UK financial services industry is to the UK economy in tax and employment. “We have always maintained that the industry is a big taxpayer – it pays a lot of tax despite perceptions to the contrary. If this is what the industry is contributing, in a year like this, then imagine what it would pay in better years.” Luke Johnson, who founded Pizza Express and is a former Channel 4 chairman, added: “This is a tangible demonstration of the vital role that financial services and the Square Mile plays in the UK economy. It is the engine of growth for the capital city and, to put it bluntly, the UK as a whole. If we demonise the City and the key players emigrate, then the nation as a whole will be losers. last_img read more

Facebook may be forced to trade publicly

first_img FACEBOOK could be forced to go public by the US Securities and Exchange Commission (SEC) after Goldman’s $500m (£320m) investment, which valued the online giant at around $50bn. Goldman’s cash injection is to be structured as an investment vehicle and sold on to clients, who can then trade their stakes on secondary markets. Goldman has given clients until the end of the week to decide whether they want to invest in the social networking firm, with an expected minimum investment of $2m. The SEC watchdog is looking closely at secondary trading markets to see whether Facebook falls under a rule stipulating that firms with more than 499 shareholders must go public. Experts are divided on whether Goldman’s vehicle will count as a single investor or create hundreds of new Facebook shareholders. Facebook gained an exemption from this rule in November 2008 by arguing that most of its shares are held by staff, but it has not released details of all its investors. SecondMarket, a platform that allows traders to exchange stakes in private companies, admitted yesterday that the SEC had requested information linked to secondary trading. “We have now received a voluntary request for information from the SEC regarding ‘pre-IPO pooled investment funds’”, said Mark Murphy, a spokesman for the New York-based broker. “We are fully cooperating.”The SEC declined to comment. FAST FACTS | US PUBLIC TRADING LAWThe Exchange Act forces a company with $10m or more in assets to go public if it has 500 or more shareholders.The rules allow some groups such as trusts to count as a single investor. Facebook may be forced to trade publicly More From Our Partners Brave 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKansas coach fired for using N-word toward Black playerthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com 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 whatsapp Sharecenter_img Show Comments ▼ KCS-content whatsapp Tuesday 4 January 2011 8:33 pm Tags: NULLlast_img read more

Obama’s chief of staff is JP Morgan’s Daley

first_img PRESIDENT Barack Obama yesterday said he had chosen JP Morgan Chase executive William Daley to be his new White House chief of staff, retooling his team with a politically savvy businessman at the helm.“He possesses a deep understanding of how jobs are created and how to grow our economy,” Obama said.Daley is head of corporate and social responsibility at JP Morgan, where he sits on the executive board. He will replace Rahm Emanuel, who left the administration last year. Show Comments ▼ whatsapp KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack 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 Proof Thursday 6 January 2011 7:33 pm Obama’s chief of staff is JP Morgan’s Daley Share whatsapp Tags: NULLlast_img read more

From NHS nurse to AIM star

first_img More From Our Partners Texas governor said he plans to strip the Legislature’s paybusinessinsider.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp Show Comments ▼ Tags: NULL KCS-content From NHS nurse to AIM star center_img SERIAL entreprener Kate Bleasdale stands to lose more than her job if HCL flatlines – she has amassed more than 18 per cent of HCL’s shares through her personal stake and holding company Healthmark UK.Bleasdale graduated as a nurse in 1983 but left the NHS in 1987 to found recruitment agency Match Healthcare, which had revenues of £185m by the time Bleasdale was dismissed in 2001. She filed a sex discrimination claim against chairman Sir Tim Chessells, and hit headlines in 2002 when she walked away with a £2.2m payout. Bleasdale used the money to start rival recruiter Healthcare Locums in 2003, which floated on AIM in 2005 with the help of nominated adviser Fairfax IS.She was named entrepreneur of the year at the 2008 AIM Awards. Share whatsapp Tuesday 25 January 2011 9:10 pmlast_img read more

How the sexism row hurt Sky’s brand

first_img More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.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.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.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.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com KCS-content whatsapp Share Show Comments ▼ How the sexism row hurt Sky’s brand whatsapp Tuesday 1 February 2011 8:39 pm FOLLOWING last week’s sexism scandal that saw Andy Gray and Richard Keys leave Sky Sports we’ve taken a look at how the controversy has impacted on perceptions of their former employer’s brand. On the Friday before the Wolves versus Liverpool match Sky Sports had a buzz score of -3.2. The initial story barely impacted on that with a drop to -5.6 on Monday but as the story gathered pace so did the decline in the Sky Sports buzz score and by Thursday it was as low as -47. The parent brand was also impacted with Sky dropping from -1 to -17. Both have started the recovery already with a pick-up at the end of last week continuing on Monday to see Sky Sports return to -30 and Sky to -8. Buzz tends to be a leader of general perceptions and Sky will hope that realising it had a problem and acting fast will mitigate the damage to its brand. The recovery in the buzz scores is positive news on that front as is the fact that despite the high levels of awareness of the bad publicity it had a very limited impact on overall perceptions and the decline was reversed before it had had time to gather pace. Sky Sports did drop on the overall index but much less dramatically, from +3 to -10 and is now back at -5 and Sky continued to fluctuate either side of the +5 line. Spontaneous TellYouGov comments reveal how tricky a problem this was for Sky. There was a clear split between those that believed the Grey/Keys comments were disgraceful and those who thought there had been an over-reaction. The next couple of weeks will be important for Sky, but early indications are that this was an effective piece of crisis management.Stephan Shakespeare is founder and chief executive of YouGov. Tags: NULLlast_img read more

Murphy hoping to make it Big at the Festival again

first_img KCS-content Murphy hoping to make it Big at the Festival again More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com whatsapp Show Comments ▼ Share 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 TimesBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Adscenter_img Sunday 13 March 2011 9:17 pm whatsapp Colm Murphy trains 50 horses in Ballinadrummin, Killena, Gorey – an address more Harry Potter than Dick Francis, but apparently it’s in the heart of County Wexford. We didn’t meet face-to-face and only spoke on the phone – he was too busy finalising his Festival plans and I couldn’t find platform nine and three quarters.The former amateur rider, who has a degree in accountancy, is no stranger to Cheltenham success, with three wins already under his belt, and his Big Zeb is looking to defend his crown in Wednesday’s sportingbet.com Champion Chase. As the name may imply, Big Zeb is big. He is 16.3h (that’s 16 hands and 3 inches measured from the highest point of the withers, where the neck meets the back). Named after his owner Patrick Redmond (nicknamed ‘Big Zeb’), he (the equine version) is apparently “very shy” and “doesn’t really enjoy the big occasion. He just gets on with the job.” Well, he has got on with the job pretty well so far in a career that has seen him win 24 races and over £500,000 in prize money.“He’s in grand order,” Murphy assures me. “Things have gone a lot smoother than last year when we had all kinds of problems after Sandown. I’m really happy with him.” There is almost a tone of confidence in his voice, but he is certainly not complacent. “He is a year older, a year wiser and I’m not going to tempt fate by saying that he is a better jumper,” he continues. “He fell in this race two years ago and you are only one mistake from hitting the deck again. However, we’ve mirrored last year’s routine and its gone well – if it ain’t broken it doesn’t need fixing.”The eerily calm Murphy acknowledges that this will almost certainly be Big Zeb’s last year at the top level and the pair, with two other stablemates, will have begun their journey across the Irish Sea by the time you read this. “We’ll leave the yard at about 6pm on Sunday night, drive for about an hour to the port, then make the crossing in around three-and-a-half hours. That means we should arrive just before 1am and reach Cheltenham by 5.30am.” I will never complain about my 90-minute drive to the Cotswolds again.Murphy and his team will spend every minute of the pilgrimage with the horses, that is except for the actual ferry crossing itself when nobody is allowed down below. Yet, that’s not a worry as the horses are “as calm as anything and have done it all before”. It all means that the meticulous trainer can exercise his string when they reach Prestbury Park and they won’t miss out on their routine.All three runners are scheduled to strut their stuff on Wednesday and the stable’s unknown quantity Raise The Beat is certainly not without a chance in the Champion Bumper. However, Quito De La Roque will only run in the RSA Chase if the rain arrives. Murphy tells me that his potential star of tomorrow will travel over, but definitely won’t take part unless the word ‘soft’ appears in the going description. One feels that the word ‘soft’ would never appear in any description of his trainer. Murphy is set to stay in the same B&B he stayed at last year with his partner Louise and doesn’t yet know whether he’ll be travelling home on Wednesday night. “Cheltenham is the last place on earth I want to be if things go pear-shaped on Wednesday. I’ll be the first to leave the course if they do.” However, if any of his three runners are successful, he won’t be in quite such a hurry. I asked him if there was any particular bar, restaurant or club he’d be visiting if they were to toast success. He told me it’d be easier to list those they won’t visit.“We’ve had plenty of success, but wouldn’t have had that success if we hadn’t been lucky enough to be sent good Grade One horses in the first place,” says an unbelievably grounded Murphy in answering how important Cheltenham is to a man who has only been training for a decade. Success on National Hunt racing’s biggest stage certainly fills the boxes, which in turn pay the bills. It’s as simple as that. Is it really life or death? Of course not, it’s much more important than that! Tags: NULLlast_img read more

Oil explorers rage at 32pc North Sea tax

first_img Show Comments ▼ Wednesday 23 March 2011 9:55 pm whatsapp whatsapp Tags: NULL Sharecenter_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Oil explorers rage at 32pc North Sea tax KCS-content NORTH SEA oil firms were left aghast by the chancellor’s surprise tax hike on offshore fuel explorations yesterday, which has been imposed immediately to fund the fuel duty cut. North Sea-focused oil explorers saw their shares hammered by the news yesterday that an existing levy on profits from UK production will rise from 20 to 32 per cent from today.George Osborne said the duty is to compensate for soaring oil costs, and that it would be scaled back if oil prices dip below $75 a barrel. While the Treasury will now consult with oil companies, industry bodies reacted furiously to the levy. “Oil companies make long-term investment decisions on a stable and predictable tax regime. This is not helpful,” Steve Jenkins, chief executive of Nautical and head of the Oil and Gas Independents’ Association, told City A.M. “It goes against the idea of growth, jobs and exports.”Analysts at Numis Securities said the unexpected tax jump could cut Aim-listed Xcite’s net asset value by as much as 40 per cent to 370p.Premier Oil, which has nearly two-thirds of its assets away from the North Sea, could see net asset values drop by 2.5 per cent, Numis said. “This one size fits all approach to increasing the tax rates will affect some fields more than others,” Alan McCrae, head of energy tax at PwC, told City A.M. “Unfortunately there might be a number of projects where companies decide that the risks of making further investments aren’t worth it any 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 PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldlast_img read more

Nomos prices share offer to raise £443m

first_img Share Nomos prices share offer to raise £443m Monday 18 April 2011 8:54 pm whatsapp RUSSIAN private bank Nomos has priced its London share offer at the higher end of expectations, as the faltering market for listings in the capital begins to show signs of life.Nomos will look to sell ordinary shares in Moscow for $35 (£21) apiece, while it will sell global depository receipts (GDRs) for $17.50 per unit in London, valuing the business at $3.2bn.The combined proceeds from the initial public offering (IPO) for the bank will be $718m (£443m) before the exercise of an over-allotment option.The bank, which is Russia’s eighth biggest by total assets, had initially looked for between $32 and $37 per ordinary share and $16 to $18.50 per GDR.Demand for the offer quickly filled the order books of bankers at Deutsche, Credit Suisse, Citi and VTB Capital, leading to a tightening of the price range late last week.Slovakian businessman Roman Korbacka will sell down almost all of his stake in the bank, and could exit Nomos completely if he exercises his over-allotment option.Meanwhile, billionaire oligarch Alexander Mamut, who is best known in Britain as the backer of blogging site Livejournal, will become a cornerstone investor in the firm when its shares start trading early next week.The deal could help to kick-start London’s IPO market, following a torrid few weeks for stock market listings in the capital.Several floats, including those of fellow Russian firm Euroset and British vacuum technology group Edwards, have been put on hold due to uncertain market conditions.Observers are also hoping a successful listing by commodities colossus Glencore could bolster investor appetite for IPOs. The Swiss firm unveiled its $11bn blockbuster offering last week, and is set to complete next month. Show Comments ▼ Tags: NULLcenter_img whatsapp 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald last_img read more

Jupiter funds enjoy fresh investment

first_imgMonday 18 April 2011 8:47 pm Share whatsapp 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Jupiter funds enjoy fresh investment JUPITER, the fund management firm run by Edward Bonham Carter (pictured), brother of actress Helena, has seen £333m of net inflows over the first three months of this year despite volatile market conditions.The strong inflows, helped by demand from international investors, boosted assets under management (AUM) to £24.5bn.Mutual funds contributed fresh investments worth £397m, driven by the asset manager’s fund of fund range.It suffered outflows of £71m, caused by a single client who decided to redeem part of their portfolio. Jupiter had attracted £772m of new money in the last quarter of 2010 and £509m in the corresponding quarter a year ago.Bonham Carter’s firm said it expected its business to continue “in line with management expectations”. Chief executive Bonham Carter added:?“Against a backdrop of volatile markets and falling UK consumer disposable income, Jupiter has had a steady start to 2011.”Numis analyst James Hamilton said: “We believe another positive quarter for mutual fund flows, despite a slowdown across the industry, underlines the quality and resilience of the business.” KCS-content Show Comments ▼ Tags: NULL whatsapplast_img read more