Morrisons in move towards online sales

first_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 SUPERMARKET giant Morrisons has reported pre-tax profit of £412m for the first half of the year – as it confirmed that it was considering a move into retail.The profit was eight per cent down on the same period last year, but in line with forecasts.Underlying profit was up taking into account a one-off payment in the same period last time.The company said it had served a record average of customers per week over the period while like-for-like sales – excluding VAT and fuel – were up 0.9 per cent.Revenues were £8.1bn from £7.5bn, a rise of nine per cent.Meanwhile, it reported that the interim dividend was up 14 per cent to 1.23p.The company said it was assessing a possible move into online groceries with a trial scheme, as well as opening three pilot convenience stores. whatsapp Tags: NULL Show Comments ▼ KCS-content whatsapp Morrisons in move towards online sales 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan Thursday 9 September 2010 8:29 pm Share Morrisons new chief executive Dalton Philips said of the results for the six months to August: “There are many opportunities ahead to drive our top line, increase efficiencies in the business and to capture growth.” The company said it expected low market growth to continue in the second half of the year, with further pressure on the consumer. Philips joined Morrisons in March from Canadian grocer Loblaw and took over the reins from Marc Bolland, who is now chief executive at Marks & Spencer. last_img read more

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Lancashire to return £213m in dividends

first_img whatsapp Show Comments ▼ Share whatsapp Lancashire to return £213m in dividends INSURER Lancashire yesterday blew expectations out of the water with its third-quarter pre-tax profit of $107.6m (£67m) versus a consensus forecast of $82m.On the back of its success it has decided to return £213m to investors in a special 86p per share dividend, making it the first major non-life insurance firm in London this year to return capital to shareholders.Most insurance companies have instead been sitting on growing piles of cash as they mull their spending options. But in addition to issuing the dividend, Lancashire says it has been buying back shares. Its stock has risen 23 per cent since 1 June.The insurance industry is in a period of intense competition due to a build-up of capital sparking aggressive pricing pressure.However, Lancashire’s third-quarter gross written premiums growth also confounded expectations, coming in at $135m against $129m consensus. This was, however, a decline on last year of 2.8 per cent.Investment returns were two per cent versus 1.6 per cent last year. The firm has also named its new chief financial officer as Elaine Whelan. Lancashire shares closed up 1.4 per cent at 586p. KCS-content Monday 8 November 2010 9:17 pm 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 Tags: NULL last_img read more

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Irish: We don’t need a bailout

first_img Share whatsapp KCS-content Tags: NULL Irish: We don’t need a bailout Sunday 14 November 2010 11:33 pmcenter_img whatsapp THE Irish government yesterday continued to deny that the country is insolvent, but admitted that “ongoing contacts” continue with international officials “in light of current market conditions”.The admission from the Ministry of Finance yesterday marks a striking shift of tone from earlier statements which dismissed reports that Ireland was discussing a bailout package.Justice minister Dermot Ahern told RTE News earlier in the day that media stories suggesting that talks had begun over a rescue worth €60bn-€80bn (£51bn-£68bn) were “a fiction”. “There are no negotiations going on. If there were, the government would be aware of it and we are not aware of it,” he claimed. The finance department has also stated that Ireland has enough funding to last “well into 2011”, meaning it will not have to borrow at current yields of 8.1 per cent on ten-year gilts. But economists are sceptical that an austerity budget next month can solve the republic’s debt crisis, even if it is funded for now. Official estimates suggest that its deficit will soar to an eye-watering 32 per cent of GDP this year and the government has refused to deny that it might need rescuing.If Ireland does need help, the British taxpayer could be on the hook for up to £15bn under a deal signed by Alistair Darling just before the formation of the coalition government.The republic is under huge pressure internationally to announce that it will seek a bailout before the meeting of Eurozone members tomorrow, in part from larger members of the single currency. The 16 countries are due to discuss reforms of the European Financial Stability Facility, a bailout fund created after Greece’s international rescue. Attempting to calm the markets, Germany denied that it is pushing for Ireland to accept a bailout in order to stabilise the Eurozone and enable a freer discussion of sovereign debt crises at tomorrow’s meeting. But it was German chancellor Angela Merkel’s remarks that private bondholders should accept a “haircut” on their investment if a country defaults that sent Irish ten-year gilt yields to nine per cent on Thursday.Whatever bailout plans the Eurozone adopts should not come into effect until 2013, but this has not stopped bond yields rising across the Eurozone periphery. Portuguese ten-year yields hit seven per cent and Spanish hit 4.6 per cent on Thursday.Ireland is fighting vehemently to avoid a bailout, with O’Keeffe admitting that it would mean giving up its “hard-won sovereignty”. Show Comments ▼last_img read more

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Glazer’s to repay Man Utd loans

first_img 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 Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Health Share Glazer’s to repay Man Utd loans Monday 15 November 2010 9:06 pm KCS-content 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 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 The Glazer family is believed to be preparing to pay off around £220m in high-interest “payment-in-kind” loans borrowed to fund the purchase of Manchester United. In a letter to the holders of the loans, Joel Glazer is thought to have committed to pay off the loans on 22 November. It is unclear how the Glazers have raised the funds to pay off the loans but club funds will not be used. Show Comments ▼last_img read more

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Punch plans to clear debt

first_img whatsapp Show Comments ▼ 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 PastZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAdventure CrunchHere Are the Most Famous Pro Wrestlers From the Past TodayAdventure CrunchFinance BLVDThis Star from ‘Gilligan’s Island’ is 101 & lives a humble life nowFinance BLVDArticles StoneLittle Boy Brings $2 Painting To Antiques Road Show, Not Realizing Its WorthArticles StoneReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerthedelite.comNetflix Cancellations And Renewals: 2021 Updatethedelite.com whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proofcenter_img Punch plans to clear debt PUNCH Taverns is considering a range of options as part of massive restructuring plans designed to battle its £3.1bn debt.The pub chain is believed to be considering hiving off a portion of its loans and freeholds, a debt-for-equity swap or more pub sales, according to sources who said “all options were on the table”. A more radical plan to hand over 6,000 pubs, which Punch owns but leases to independent landlords, to its bondholders is also being considered. New chief executive Ian Dyson is said to want to concentrate on the 800 pubs that Punch directly manages and has appointed Goldman Sachs and Blackstone to help the group prepare for a restructure.Were Punch to spin off its leased pub network it would eliminate most of its debt almost immediately. Sunday 28 November 2010 7:46 pm KCS-content Tags: NULLlast_img read more

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IG Group revenue on the rise

first_img Show Comments ▼ Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com whatsapp whatsapp British spread-betting company IG Group said it expected higher first-half revenue and had won market share amid ongoing economic uncertainty which has led to subdued trading volumes.IG, which says it is the world’s biggest spread-better by revenue, forecast first-half turnover of £157m ($249m), up nine per cent. It said costs were in line with management’s expectations.IG competes with unlisted rivals such as CMC Markets and City Index, and all three companies have targeted retail investors looking to gamble on the world’s financial markets.IG said it had higher turnover in its core domestic market as well as at its overseas businesses, such as Australia, Germany, Japan and Singapore. Thursday 9 December 2010 3:27 amcenter_img John Dunne 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 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 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 IG Group revenue on the rise last_img read more

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Obama to talk to US bosses on economy

first_img whatsapp Obama to talk to US bosses on economy KCS-content US President Barack Obama will hold a one-day summit of chief executives on Wednesday as part of a renewed effort by the White House to build support from among business leaders for his economic agenda.The administration expects bosses from Google, Cisco Systems, International Business Machines, American Express, Dow Chemical and Pepsico to attend the meeting to discuss trade, tax, regulatory issues and the deficit.The Obama administration wants to persuade US firms to release some of the $1.93 trillion (£1.22 trillion) in cash and other liquid assets they are thought to be hording.The Federal Reserve said last week that cash as a share of total assets is at the highest level it has been in a half-century. President Obama is keen for America’s biggest companies to invest that money in expansion and job creation.The summit will include substantial discussions on overhauling the tax code and cutting the budget deficit as well as discussions over providing “a balanced approach to regulations.” The meeting will be held in private in contrast with some previous White House meetings involving business leaders. It is expected that holding the meeting in private will allow business leaders to speak more candidly than the have felt able to in previous more public meetings.While Obama has met with chief executives since the start of his administration some have complained he has ignored their views. Business leaders have also expressed concern at the President’s occasional sharp criticism of multi-national companies, and his administration’s regulatory and tax policies. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.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.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.com Share whatsapp Sunday 12 December 2010 10:32 pm Tags: NULL Show Comments ▼last_img read more

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Evening snow storms set to cause more havoc on trains

first_img whatsapp Sunday 19 December 2010 10:23 pm FREEZING conditions and further snowfall are threatening to leave commuters stranded this evening.“The forecast is for continuing freezing weather and for more snow on Monday evening which will have an effect on services,” said a spokesman for Southeastern trains.Late evening delays are more likely than delays in the morning, he said. If track temperatures stay below zero degrees then any moisture will freeze, threatening services in and out of London.The Met Office has issued a severe weather warning for the South East of heavy snow and widespread icy roads. “We strongly advise customers to check our website for the latest information,” said First Capital Connect.South West are running “ghost trains” through the night to stop lines freezing. Employees will be redeployed to stations near their homes, in order to keep the network staffed, said Corinne O’Loughlin of South West trains.Tube and bus services are in “pretty good stead,” according to a spokesman for Transport for London. Overground trains are carrying de-icing spray to apply to the rails, he said. Some battery locomotives are sent over lines throughout the night to prevent freezing. Out of 700 bus routes, only 90 are being diverted, he said.Yet Tube services were affected on Saturday, disrupting weekend shoppers. Strike actions added to frustrations, bringing down a section of the Bakerloo line.Flights in and out of the capital are facing severe delays, causing misery for thousands.No planes were allowed to land at Heathrow airport yesterday, with further cancelations expected today.Delays will spill into the rest of the week, the airport said. “As airlines move diverted aircraft and crew back to their normal positions, there will be further cancellations and delays in the days that follow,” a Heathrow spokesman said.Passengers are advised to check all flights with their airlines, and can check Heathrow updates on the airport’s Twitter page.Meanwhile, the snow has provoked a political storm in Westminster, with shadow chancellor Alan Johnson accusing the coalition government of harming the economy by being unprepared for the weather.“It is a big issue,” Johnson said, “when people believe the government has left them to it: ‘get a shovel or stay at home.’”But William Hague dismissed the claims as “the heavy snowfall of political opportunism”.TRANSPORT | MONDAY SERVICES ON TRAINS AND PLANES● Southeastern trainsWe expect services will be disrupted throughout the day. Passengers with Mainline tickets can use the High Speed services at no extra cost.● South West trainsA revised timetable is running. We are going to try to run a very robust service, as much as possible.● Southern railwaysRunning a normal service. Services may be subject to short notice alterations and cancellations. We are in some cases running longer trains.● National Express East AngliaRunning an amended timetable on Monday to mitigate the impact of the very low air temperature.● First Capital ConnectWe are planning to operate our normal timetable on Monday. Expect cancellations between Peterborough and London.● Heathrow airportThere will be further cancellations and delays.● Gatwick airportKnock-on delays and cancellations are likely. Evening snow storms set to cause more havoc on trains Share KCS-content center_img whatsapp Tags: NULL Show Comments ▼ More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat Newslast_img read more

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Pessimism reigns but FTSE is set to disagree

first_img KCS-content Monday 3 January 2011 10:43 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp Share Pessimism reigns but FTSE is set to disagree So hello and welcome to 2011. On the first day of the year I spent a few hours watching the Back to the Future trilogy, and having seen the predictions for the months ahead I wondered if I shouldn’t jump in the DeLorean and fly straight to 2012, just in time for the Olympics.It’s not all David Cameron’s fault but he’s been leading from the front. His New Year podcast was full of warnings about the struggles we face as austerity begins to bite. In his words this is when “a lot of the heavy lifting” will be done. The retailers are also on their annual Cassandra soapboxes. Raking it in at the sales while telling us how hard it’s going to be for consumers in the future. Unions are talking tough about strikes and protests, and commuters have woken up to inflation-busting rises in rail fares and petrol prices.Homeowners, meanwhile, are met with bearish forecasts for house prices and warnings from the likes of the CBI of big rate hikes to come.Naturally, the FTSE being a discount mechanism means this is all priced in, except that we start 2011 with the FTSE 100 near 30-month highs, just shy of the 6,000 mark it passed on Christmas Eve.The FTSE 100 is not a UK index but a global one. Remarkably, however, the British mid caps of the FTSE 250 did even better, up 24 per cent versus nine per cent for the global giants that make up the FSE 100..So what’s going on? There’s always a disconnect between the stock market and the real economy and it’s probably justified. As long as there is some overall expansion, lean, fit companies will deliver profit gains and stock prices will be supported by a pickup in mergers as firms look to buy growth. And despite all the doomsayers, I believe there’s a sense the economy may well turn out better than everyone fears. The forecasters were generally too pessimistic in 2010 and probably are again in 2011. There is a lot to worry about but we know what the risks are, and stocks are good at climbing walls of worry.Another conundrum rose over New Year, and I fear it could take much longer to work out. In the Back to the Future series, Doc is always warning Marty that to meet himself in another time zone would have disastrous consequences for the space time continuum. But when I watched the latest Star Trek film, Spock met his younger self with no consequences. Doc versus Spock – where’s your money?Ross Westgate is co-anchor of CNBC’s Worldwide Exchange. whatsapp Tags: NULL Show Comments ▼ last_img read more

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RBS offloads its stake in rehab clinic owner Priory

first_imgTuesday 18 January 2011 7:55 pm 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Tags: NULL whatsapp Royal Bank of Scotland (RBS) will finally part company with the Priory Group, the care homes operator famous for its celebrity clientele.The 84 per cent state-owned bank will sell the firm to buyout company Advent International in a deal worth up to £925m.However, RBS will only receive around £133m in cash for its stake in the group after the settlement of debt.RBS had been in talks with several private equity and buyout firms over much of last year, and the sale marks a further step in the bank’s plans to sell non-core assets and shore up its balance sheet.Advent International beat out competition from the likes of Bain Capital, Blackstone and Cinven to win the Priory Group auction.RBS said the Priory Group sale carried an enterprise value of up to £925m. whatsapp Show Comments ▼ RBS offloads its stake in rehab clinic owner Priory KCS-content Sharelast_img read more

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