Dyke snubs top job at Channel Five

first_img GREG Dyke has snubbed a move to Channel Five, which is undergoing a major shake-up under new owner Richard Desmond, according to industry sources.City A.M. understands Desmond had sounded out Dyke for the top job after chief executive Dawn Airey announced she would quit the broadcaster.But Dyke, who helped launch Five in 1997, told the Express owner he is not interested in the position, according to the source.Desmond is in no rush to fill the position, with Airey remaining for “a few months” to oversee the transition before enabling a clause in her contract that will see her take a senior role at former Five owner RTL.Industry analyst Claire Enders told City A.M. she expects Desmond to appoint a new chief executive from within his media empire.Airey will be joined on the way out of the firm by six other directors from the nine-strong board. Up to 80 jobs will also go from the workforce of 300. Show Comments ▼ whatsapp whatsapp Sunday 15 August 2010 10:38 pm Tags: NULL Sharecenter_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot KCS-content Dyke snubs top job at Channel Five by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmlast_img read more

Thomas Cook in meter deal

first_imgTuesday 17 August 2010 7:49 pm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp whatsapp Bglobal, the smart metering and energy data firm, has signed a contract with travel firm Thomas Cook. It will install 800 electricity smart meters and provide associated data services across Thomas Cook UK’s stores. Bglobal’s other retail clients include JD Sports Fashion, Schuh and Superdrug. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comNinjaJournalist25 Cute Baby Animals That Will Melt Your HeartNinjaJournalistFlight 10Secret Car Features Most Don’t Realize Their Car Is HidingFlight 10Serendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comcenter_img Thomas Cook in meter deal Share KCS-content Show Comments ▼ Tags: NULLlast_img read more

S&P CASTS DOUBT ON BANK REVIVAL

first_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell 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.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com S&P CASTS DOUBT ON BANK REVIVAL whatsapp Tags: NULL Share KCS-content whatsapp Show Comments ▼ Thursday 26 August 2010 9:03 pm RATING agency Standard & Poor’s (S&P) cast doubt on the strength of the UK banking sector’s recovery yesterday, saying lenders had been buoyed by a rising economic tide.The claim, made after this month’s bumper first-half earnings season, was immediately rebuffed by banking industry figures. While institutions realise they have been helped by an improving trading environment, they argue they have made strenuous efforts to shrink their balance sheets and sell off non-essential assets.S&P said a sustained upturn in UK banking performance remained “far from certain” despite a series of forecast-smashing results earlier in August. Stronger players Barclays and HSBC generated pre-tax gains of £4bn and £7bn respectively, while state-owned Lloyds Banking Group earned £1.6bn and Royal Bank of Scotland made a profit of £1.1bn.But the fortunes of banks are closely tied to an uncertain economy, S&P said, with several lenders still deeply reliant on government-guaranteed wholesale funding and in need of further refinancing in the coming years.The report concludes that the future credit ratings of British banks are likely to largely remain out of the hands of their management teams. S&P’s key concern is government economic policy, which it expects to squeeze incomes.Analysts wrote: “While a range of management actions have contributed to the improved performance, in our view, the more important contributory factors were the developments beyond the control of banks’ management… We expect economic and market developments that are largely beyond the control of banks’ management teams will continue to disproportionately influence UK bank ratings throughout the remainder of 2010.”Angela Knight, chief executive of the British Bankers’ Association, said: “The UK banks have done substantial capital raisings and have been repairing their balance sheets, writing off bad loans and so on. That has been widely recognised – a lot of work has taken place.”A source close to one of the part-nationalised banks emphasised the efforts being made by Lloyds and RBS’ management teams to shed non-core units to comply with European Union rules on accepting state aid. RBS has sold its share of a commodities trading joint venture, Sempra, to JPMorgan and offloaded 318 high street branches to Santander.“Banks are working on their core businesses too, trying to attract more deposits,” the source said. last_img read more

Lehman bank units set for sale or closure

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof LEHMAN Brothers Holdings, the bankrupt US investment bank, needs at least $550m (£357.4m) to keep its two bank units going as it prepares to sell them or shut them down in 18 months, court documents show.Lehman asked a Federal bankruptcy court judge in Manhattan yesterday to approve the capital commitments and sale plans, which are part of Lehman’s blueprint for unwinding its operations after filing for bankruptcy protection nearly two years ago.The sale of the bank units could bring in $1bn to $2bn, Lehman has said, and are among the largest single assets Lehman has left to sell.In the filing with a US bankruptcy court, Lehman said it was faced with a choice of either allowing the units to fail or injecting capital into their balance sheets to recover significant value for its creditors.It asked the court to approve settlements with the banks and wants to be allowed to sell Aurora Bank FSB, formerly known as Lehman Brothers Bank, within 18 months or shut it down if unable to find a buyer.Aurora has struggled to meet capital requirements as regulators have limited its ability to offer new certificates of deposit.It also asked the court to approve a settlement agreement that would allow it to sell or dissolve its other banking unit, Woodlands Commercial Bank. It faces similar restrictions from regulators due to capital requirements.Failure to resolve the capital issues at the banks would result in estimated losses of between $1.2bn and $3.6bn, Lehman said.Lehman said that based on 30 June 2010, regulatory reports, the values of its equity interest in Aurora and Woodlands were at $677.6m and $741.6m, respectively, for a combined value of $1.42bn.Lehman said it would transfer $477m in cash to Aurora and would need to put $75m into Woodlands.It noted that since February 2009, Lehman has taken steps to support the banks’ capital levels, including making a $200m cash contribution to Woodlands. It said there was an additional $72m capital commitment that has not yet been drawn upon. Thursday 2 September 2010 7:54 pm KCS-content Lehman bank units set for sale or closure Share whatsapp Show Comments ▼ whatsapp Tags: NULLlast_img read more

Barnier takes on UK with bank tax plan

first_img KCS-content whatsapp Monday 6 September 2010 8:43 pm EUROPEAN finance commissioner Michel Barnier will take on the UK today when he advocates setting up a series of liquidation vehicles funded through a region-wide bank tax.Chancellor George Osborne has refused to back the use of tax revenues to create funds to wind down failed institutions, arguing that ring-fencing the proceeds of banking levies would encourage risk-taking.But Barnier will present a working paper to a meeting of European Union finance ministers arguing for the establishment of several “resolution” funds financed by a pan-EU tax on lenders’ balance sheets. A briefing paper said the system would remove moral hazard, whereby banks know they can take risks because they are effectively insured by taxpayers, and “encourage responsible behaviour”.The proposal has been taking shape since the financial crisis saw the likes of Lloyds Banking Group and Royal Bank of Scotland in the UK, and Fortis in the Netherlands, propped up with governments’ cash. Barnier is expected to recognise the tax will come in at a time when banks are under pressure to hold more capital.“The rate of the levy must not be set so high that it damages prospects for economic growth,” he will say.Like Osborne, Barnier believes the levy should be based on banks’ liabilities minus their guaranteed deposits. However, it is understood the UK will strongly oppose the plan to plough the proceeds into wind-down funds.A Treasury source said: “We have been very clear that revenues should go to the Exchequer and should not be ring-fenced nationally or at a European level.” whatsapp Barnier takes on UK with bank tax plan center_img Show Comments ▼ 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 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULL Sharelast_img read more

Bayer’s Xarelto anti-clotting drug targets potential $15bn market

first_img KCS-content Germany’s Bayer yesterday said it was targeting a market worth as much as $15bn (£9.6bn) with its anti-blood-clotting pill Xarelto, setting the stage for decisive study results to be released later this year.Chief executive Werner Wenning, who will hand over to Marijn Dekkers next month, said the new generation of experimental anticoagulants such as Xarelto – designed to replace problematic existing treatment warfarin – could have combined annual sales of $12-$15bn.Industry analysts believe the market eyed by Bayer and its development partner Johnson & Johnson could eventually be worth more than $10bn a year and possibly as much as $20bn.Wenning also reconfirmed an estimate for Xarelto, based on the active ingredient rivaroxaban, to have peak annual sales of more than €2bn (£1.7m). A key study on Xarelto will be presented at the American Heart Association meeting in November. Wednesday 15 September 2010 7:54 pm Show Comments ▼ whatsapp Bayer’s Xarelto anti-clotting drug targets potential $15bn market Sharecenter_img 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com last_img read more

Philippines GDP data disappoints

first_img Growth in the Philippines was lower than expected, it was announced yesterday. GDP for the three months to September rose by 6.5 per cent, yet economists had expected growth of 7.3 per cent or above. The news came in the same week as disappointing figures also emerged from Thailand and Taiwan. The economy in Thailand contracted by 0.2 per cent in the third quarter of the year, while industrial output slumped in Taiwan. Philippines GDP data disappoints whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndo whatsapp Tags: NULL Sharecenter_img Thursday 25 November 2010 7:55 pm Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com KCS-content last_img read more

CNOOC reaches $1.3bn shale deal

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe 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 AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsautooverload.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 CarsDrivepedia whatsapp CNOOC will pay $1.3bn (£817m) in its second shale deal with America’s Chesapeake Energy, the latest move by China’s top offshore oil producer in its aggressive drive for overseas acquisitions. In line with CNOOC’s strategy to expand into the oil-rich shale deposits in North America, the state-owned company will buy a 33.3 per cent stake in Chesapeake’s leasehold acres in northeast Colorado and Southeast Wyoming for $570m, the US natural gas producer has said. KCS-content More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comcenter_img whatsapp CNOOC reaches $1.3bn shale deal Show Comments ▼ Monday 31 January 2011 7:55 pm Tags: NULLlast_img read more

Diageo misses target and pins hopes on new markets

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Share Diageo misses target and pins hopes on new markets by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe 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 ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBeWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam Diageo, the world’s biggest spirits group, expects higher profit growth this year due to a growing recovery in its key emerging markets after it missed forecasts with a nine per cent rise in half-year earnings.The maker of Smirnoff vodka, Johnnie Walker whisky and Guinness beer said despite a weaker performance in Europe, it is being helped by better trading in Latin America, Africa and Asia and an improved performance in North America.“Despite the economic weakness in much of Europe, our first half performance gives me increased confidence that we will improve on the organic operating profit growth we deliver in fiscal 2010,” Chief Executive Paul Walsh said in a results statement.The group posted earnings up 9 percent at 48.2 pence a share for the half-year to end-December, missing a consensus of 50.6 pence according to a company-compiled consensus of 49.6p, compared with 44.2p the previous first-half.The half-year dividend rose 6 percent to 15.5 pence a share. Tags: NULL John Dunne center_img Thursday 10 February 2011 2:54 am whatsapp Show Comments ▼ whatsapp last_img read more

UK market for cocos to be worth £44bn

first_img Show Comments ▼ Tuesday 22 February 2011 8:11 pm UK market for cocos to be worth £44bn whatsapp whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo More From Our Partners Russell 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comcenter_img Share KCS-content THE market for contingent convertible bonds (cocos) in the UK alone is worth at least £44bn, according to analysis by Bank of America/Merrill Lynch.The figure is equivalent to two per cent of risk-weighted assets at the UK’s five largest banks, which is a low-ball estimate of the extra capital buffer that systemically important banks will be required to hold. It could be as high as five per cent, or £110bn.Banks are being forced to consider unprecedented means of raising cash due to higher capital requirements. Basel III’s limited definition of qualifying capital could make cocos, which are bonds that turn into equity if a bank’s capital ratio falls below a trigger threshold, the cheapest option.“If cocos are less expensive for the bank than other forms of capital, shareholders would probably want the board to have at least considered them,” says BoA/ML’s Daniel Bell. Basel III demands a minimum core tier one capital ratio of seven per cent by 2019. On top of this, systemically important financial institutions (SIFIs), which will include a country’s largest banks, will have to have to hold two to five per cent extra.Credit Suisse’s public issuance of €2bn in cocos last week was heavily over-subscribed, with yield-hungry investors snapping up the five year notes at a 7.88 per cent coupon rate.The high demand is likely to encourage other banks to issue the notes as soon as the European Commission approves them. Tags: NULLlast_img read more