The UK’s fate: Neither boom nor bust

first_img Tags: NULL whatsapp The UK’s fate: Neither boom nor bust A PAINFUL, extended soft patch, not a disastrous hard landing: that was the message from yesterday’s batch of global economic indicators. The US manufacturing survey improved in August, spectacularly refuting widespread expectations of a collapse and fuelling a market rally; the UK’s factory sector is still growing, albeit at a slower rate. Hard-core bulls and permabears alike have been confounded; the truth is to be found in the Third Way – sluggish but positive growth.The 56.3 reading in the US was the highest since May and was driven by gains in production and employment (any reading above 50 suggests increasing output). The jobs index reached its highest level so far this cycle, suggesting that the bloodbath in private sector jobs may soon be coming to an end. The softness in leading components – new orders and inventories – cautions against exuberance but the overall index argues against a double dip, even in the US, currently the weakest of the largest Western economies. There was also good news from China: its manufacturing index rose from 51.2 to 51.7, its first increase in four months; HSBC’s own Chinese index recorded an even faster bounce. India, meanwhile, continues to boom. We are hardly out of the woods – South Korea and Taiwan, which are exposed to Western markets, suffered further declines in their rate of manufacturing growth, as did Australia. Closer to home, manufacturing in the Eurozone grew at its slowest pace for six months, confirming that the recovery is losing some steam after a strong expansion. The UK’s index fell to its lowest level for nine months – but its reading of 54.3 still points to solid, above average growth. Yet as the Ernst & Young Item Club points out, this is consistent with the experience of previous manufacturing recoveries. There is no need to panic. These are merely one batch of indicators but they do confirm my long-held view: the UK is going to suffer from an extended period of weak growth but is very unlikely to suffer an outright double-dip recession. House prices will fall back, as they have already been doing (on average in the UK, if not in London’s hotspots) which will further depress consumer sentiment and borrowing power; highly regulated markets and excessive levels of taxation will cramp the recovery and reduce private sector job creation; the war on banks will continue to limit the availability of credit. This won’t be a Japanese-style, decade-long stagnation but rather a very British period of weak growth, as households readjust to more rational property prices, a smaller state, higher taxes and – in time – to substantially higher interest rates. The biggest short-term risk is not public spending cuts (which are vital) but a slowdown in the growth of the money supply. The amount of money held (mainly in bank accounts) by households and firms stagnated in July but grew at a decent annualised rate of 5.6 per cent over the last three months, suggesting pent-up demand for goods, services and assets. Non-financial companies’ holdings rose 0.9 per cent in July, pushing annual growth to 4.0 per cent. The corporate liquidity ratio (bank deposits divided by bank borrowing) excluding the struggling property sector is at the top of its historical range, implying continued corporate spending. As long as the money supply doesn’t fall back in the Autumn, the UK’s uncertain recovery ought to continue. Fingers crossed. [email protected] whatsapp Show Comments ▼center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastHero Wars This game will keep you up all night! Hero Wars Blood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Share Wednesday 1 September 2010 8:52 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com KCS-content last_img read more

Weak rise in high street sales

first_imgMonday 6 September 2010 8:43 pm Show Comments ▼ Tags: NULL KCS-content 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 Share whatsapp Weak rise in high street sales SALES on the high street picked up slightly last month but the positive performance was flattered by an extremely weak August 2009, the British Retail Consortium (BRC) will say today.Like-for-like sales values, which strip out the effect on sales of changes in floorspace, rose one per cent in August compared to the same period a year earlier with food sales growth slowing slightly. However, it was still stronger than in both May and June and, in the three months to August, food sales rose 1.8 per cent on a like-for-like basis. Non-food sales gained 0.3 per cent but this was mostly driven by promotions, the BRC said.Stephen Robertson, director general of the BRC, said: “The good news is sales are still growing but anxiety about job cuts and tax rises is putting people off making major spending commitments.”He added: “With the government about to detail its cuts and a VAT rise in prospect, retailers will be hoping consumer confidence doesn’t slip over the next few months.”Helen Dickinson, head of retail at KPMG, said: “Overall sales performance deteriorated marginally as the month progressed, driven by a slowing in food, but all other sectors continued to show high levels of volatility.”Economists expect retail sales to be hit by waning consumer confidence, a dip in disposable income from austerity cuts and the VAT hike in January. whatsapplast_img read more

Coalition cuts are political, says Johnson

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was 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 TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Coalition cuts are political, says Johnson Show Comments ▼ KCS-content ALAN Johnson, the new shadow chancellor, yesterday dismissed claims the spending review was fair and tried to portray the coalition as ideologically-driven cutters who would squeeze the middle classes. He rounded on the coalition for “cheering the deepest cuts in public expenditure that have taken place in living memory” and warned that “spreadsheets and numbers” would translate into hundreds of thousands of job losses.The spending review represented a “reckless gamble with people’s livelihoods which runs the risk of stifling the fragile recovery,” Johnson claimed. In his first major appearance at the despatch box since becoming shadow chancellor, Johnson gave a more confident performance than many MPs expected.However, his attacks were stymied by George Osborne’s insistence he was cutting departmental spending by just 19 per cent, against Labour’s planned cuts of 20 per cent, largely due to big reductions in the welfare bill. Johnson dismissed these claims, insisting Labour would cut public spending by about half the amount the coalition is planning. Johnson taunted the chancellor for rattling off a list of international bodies who supported his austerity measures, such as the European Central Bank, the IMF and the OECD. The Irish finance minister had also boasted about getting backing for his cuts from these bodies, Johnson claimed – just four months before the country fell back into recession. The shadow chancellor also said claims Labour had been profligate in the boom years were hypocritical, pointing out the Tories had backed their tax and spending plans until well after the collapse of Lehman Brothers in 2008. And he continued to attack the Tories for axing child benefit for high earners, insisting that middle class families would end up paying more towards deficit reduction than banks. Both the child benefit cut and banking levy are worth about £2.5bn to the exchequer. center_img 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 Wednesday 20 October 2010 8:35 pm whatsapp whatsapp Tags: NULLlast_img read more

Northern Foods chief leaves after being left out of new Essenta board

first_img Show Comments ▼ THE CHIEF executive of Northern Foods will quit at the end of the week to join food wholesaler Brakes as head of UK operations, the firm said yesterday. Stefan Barden’s announcement comes a week after he was left out of the board of new company Essenta, which will be formed from a merger of Northern and Greencore next year if shareholders and regulators approve.It had previously been thought that Barden would remain at Northern as interim chief executive until the merger was complete in the second quarter of 2011. Barden would have been entitled to a years’ salary, or £477,000, as a severance package. However, it is thought he will receive a five-figure sum instead due to his early departure. Northern said finance director Simon Herrick will act as chief executive before becoming finance chief at Essenta. Herrick said yesterday that shareholder feedback to the merger plans had been positive so far. Wednesday 24 November 2010 7:25 pm Share whatsapp 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 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 HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemcenter_img KCS-content whatsapp Northern Foods chief leaves after being left out of new Essenta board Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof last_img read more

RESTLESS IN THE CITY FOR YANK BANKERS

first_img RESTLESS IN THE CITY FOR YANK BANKERS 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 A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusZen 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 Times whatsapp KCS-content Thursday 25 November 2010 7:53 pm NO rest for our American friends in the City, it seems. The Capitalist had a snoop around some of the biggest US banks’ UK branches yesterday, hoping to find them wonderfully empty due to an outflow of traders to celebrate America’s biggest holiday of the year.But no, it seems our bankers were hard at work into the evening hours yesterday. It was “business as usual” at both Goldman Sachs and Bank of America-Merrill Lynch, with one exception: the canteens of both were given over to a Thanksgiving themed lunch of turkey, cranberry sauce and pumpkin pie to offer some cheer to all the hard-working yanks. Over at Investec, however, the celebrations were on a grander scale – if somewhat cosmopolitan. Traders headed off to Canary Wharf early for a curry with their brokers. Not particularly traditional, but certainly a uniquely British style of celebration. But it wasn’t necessarily to thank the pilgrim fathers for their foresight. Instead, they were celebrating a day of thin trading and lazy markets.Each to their own.CITY VERSUS LYCRATO mark its official sponsorship of Team Sky – the pro-tour cycling team – spreadbetting firm IG Group is holding a City suits versus the cycling pros bike race at Broadgate today. City folk, including several lycra-clad IG senior traders, will be pitting their cycling skills against Britain’s cycling Olympic gold medallist and Team Sky leader Bradley Wiggins. While all slots to race against the champion himself are taken, the opportunity to watch the suits sweat it out over a one-mile course on a stationary bike – with all the huffing and puffing and sweating that it entails – is surely worth a gander. And if that’s not enough to tempt you along, perhaps Wiggin’s characteristic honesty could lure you there. After struggling up a Pyrenean mountain in this year’s Tour De France race he told reporters: “I’ve got nothing. I just don’t have the form, it’s as simple as that. I just feel consistently mediocre.” You never know, if Wiggins not on form again, then the suits could be in with a chance. To find out, turn up today between 10am and 3.30pm to witness the battle of the bikes. STELIOS STAREASYJET entrepreneur Stelios Haji-Ioannou in partnership with the Leonard Cheshire Disability charity, last night picked a businesswoman for the worthy winner of the annual Stelios Award for Disabled Entrepreneurs and a cheque for £50,000 for Tiny Mites Music. Vanessa Heywood was diagnosed with multiple sclerosis in 1995, forcing her to give up her career as a professional actress, singer and dancer. Rather than wallowing in her sorrows, she took advantage of her musical talent and set up a business offering live and recorded music sessions aimed at young children.CRYSTALLISED SOOTTIMES may be tough, but the sparklers are still pulling in the buyers. Gem Diamonds yesterday raked in a not-to-be-sniffed at $22.7m from the sale of two of its large diamonds – a generously proportioned 184 carat diamond and 196 carat diamond respectively. Not bad for a piece of crystallised soot! Show Comments ▼ Share Tags: NULLlast_img read more

US could add to EU fund

first_img whatsapp Share US could add to EU fund whatsapp US stocks leapt yesterday on news that America could be ready to support the extension of the European Financial Stability fund by providing extra money to the International Monetary Fund (IMF)The Dow Jones Industrial Average surged 249 points, or 2.27 per cent, to close at 11,255, while the Standard & Poor’s 500-stock index gained 25 points to 1,206, and the Nasdaq Composite added 55 points, or 2.05 per cent, to 2,549. A US official confirmed there had been talks with the European Commission about possibly enlarging the €750bn (£630bn) EU IMF stability fund adding that although it was a decision for Europe the US would support using the IMF in such circumstances. The remarks came before a visit to Europe this week by a US Treasury envoy who is expected to visit Berlin, Madrid and Paris to hold talks about the debt crisis. The IMF has committed €250bn to the fund already. Wednesday 1 December 2010 9:28 pm Show Comments ▼center_img KCS-content 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 Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam Tags: NULLlast_img read more

Job cuts rise as tightening begins to bite

first_img Share More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org KCS-content Show Comments ▼ whatsapp Job cuts rise as tightening begins to bite Wednesday 15 December 2010 8:36 pm UNEMPLOYMENT rose in the three months to October as government job cuts took their toll, official data showed yesterday.Unemployment crept up to 7.9 per cent, the highest rate in six months, representing an increase of 35,000 people to 2.5m in total.The news came from the Office for National Statistics (ONS), which also announced that government sector employment was down 33,000 in the third quarter of the year.Employment in the private sector remained steady, totalling 23m, the same as the previous quarter.The figures are in line with forecasts made by the government’s fiscal watchdog, which expects 7.9 per cent unemployment for this year, with a slight rise to eight per cent next year.But unemployment is projected to fall from 2012 onwards, as “private sector job creation more than offsets falling public sector employment,” the Office for Budget Responsibility (OBR) said last month.Government employment could drop by 330,000 as part of the austerity measures. Yet there are still 6m government employees in the UK, according to the ONS data, including over half a million civil servants.Unemployment benefit claimants actually fell by 1,200 in November to 1.46m. And 56,700 fewer people claimed Jobseekers’ Allowance compared to the same time last year.And in London unemployment fell by 4,000 from August to October.The coalition is trying to boost the jobs market by cutting tax, simplifying regulations, and sealing international trade deals, employment minister Chris Grayling said.“We are increasing the support available to people,” he added.But opposition leader Ed Miliband said the coalition’s confidence in the economy would “seem very hollow” to people affected by unemployment. ANALYST VIEWS: WHAT CAN WE DO TO STOP UNEMPLOYMENT RISING? INTERVIEWS BY JULIAN HARRISMATTHEW SINCLAIR | TAXPAYERS’ ALLIANCE People on benefits have little incentive to work due to high, complex taxes. The minimum wage of £5.80 an hour can be worth as little as 26p. By adopting a more realistic poverty line, the government could save enough money to lower the marginal tax rate, and tackle long-term unemployment.SIMON KIRBY | NIESRI would limit fiscal consolidation until we have robust economic growth. Under the current plans, unemployment will hit 8.6 per cent next year. Long term unemployment leaves a big scar, and we must avoid ending up with NEET [not in employment, education or training] young people.DAVID KERN | BRITISH CHAMBERS OF COMMERCEGiven the expected fall in public sector employment, it is critical that businesses are able to create new jobs. The labour market needs to remain as flexible as possible. Onerous regulation must be scrapped or suspended so that the private sector can absorb the temporary public sector job losses. whatsapp Tags: NULLlast_img read more

Insider deal banker jailed for 40 months

first_img FORMER Dresdner Kleinwort banker Christian Littlewood has been jailed for a record three years and four months for his part in an insider dealing ring that lasted almost a decade.Littlewood and his wife, Angie Lew, admitted being involved in a massive operation that illegally traded more than £2m through an intermediary, Helmy Omar Sa’aid.Lew, a Singapore national, escaped with a 12 month suspended sentence for her role in the operation. Sa’aid, also from Singapore, was jailed for two years and was deported to his home nation where he will serve the rest of his term. He was the first person to be extradited, from French Mayotte, as part of a UK insider dealing case.The sentences mark the end of a massive operation by the Financial Services Authority (FSA), which has invested thousands of man hours and hundreds of thousands of pounds in the investigation.Margaret Cole, managing director of enforcement and financial crime at the FSA, said: “This was a case of systematic abuse by an approved person of their privileged position in the market – we are determined to stamp out such abuse.“The guilty pleas and sentencing of the Littlewoods and Sa’aid shows that we can, and will, uncover insider dealing, even across borders, and that the people who commit these market offences will not go unpunished.”Simon Morris of law firm CMS Cameron McKenna said: “These characters were real City players rather than misbehaving private investors and have received real jail sentences.“This outcome is a signal achievement for the FSA and a proper warning to all securities professionals. It shows that the FSA will doggedly pursue suspicions of insider dealing right through to securing criminal convictions before a court rather than taking the easier route of fining for market abuse.” Wednesday 2 February 2011 8:12 pm Insider deal banker jailed for 40 months by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Life More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Sharecenter_img KCS-content whatsapp Tags: NULL Show Comments ▼ whatsapplast_img read more

BLACKS LEISURE CHIEF TO STEP DOWN

first_imgThursday 10 February 2011 8:51 pm BLACKS LEISURE CHIEF TO STEP DOWN whatsapp whatsapp NEIL Gillis, chief executive of Blacks Leisure, has announced he will leave his role, two weeks after the outdoors retailer said it had been unsuccessful in its search for a bidder. Gillis, who has been chief executive at Blacks since November 2007, will not receive a payoff, and will work his six months notice period. Gillis said it is “right for another individual to lead the business in the final phase of the turnaround programme”. KCS-content Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut Tags: NULL Sharelast_img read more

COMMENT: LAWYERS REACT TO THE BRIBERY ACT GUIDANCE

first_img whatsapp SATINDAR DOGRA| LINKLATERSThe guidance provides a welcome dose of common sense. The Act is not intended to subvert normal business interaction and this is now much clearer. The focus on proportionate compliance procedures may help save costs for some businesses, and foreign companies will be assured that they will not fall within the clutches of the UK regulator unless they have a demonstrable business presence.STEPHEN MORRALL| DAWSONSIt is a pity that the Act imposes absolute duties. Despite representations from businesses, the government has refused to carve out ‘facilitation payments’. This criminalises conduct for which, as Ken Clarke admits, there is no public interest to prosecute, but leaves businesses in a state of uncertainty. This is unlikely to make the UK a more attractive destination for overseas companies.HARRIET TERRITT| JONES DAYThe Bribery Act will have a big impact on M&A deals where one or more parties is subject to the Act. The possibility that a target company could be subject to a significant corruption investigation has obvious business and reputational implications, particularly given that fines are expected to be substantial and the target will likely have to disgorge any benefit received as a result of a bribe. COMMENT: LAWYERS REACT TO THE BRIBERY ACT GUIDANCE Share More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA 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.orgConnecticut man dies after crashing Harley into live bearnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsappcenter_img Show Comments ▼ Wednesday 30 March 2011 8:37 pm KCS-content 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 TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULLlast_img read more