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ANALYST VIEWS: WHAT DO YOU MAKE OF BOVIS’ RESULT?

first_imgMonday 23 August 2010 8:05 pm ANALYST VIEWS: WHAT DO YOU MAKE OF BOVIS’ RESULT? whatsapp whatsapp KCS-content Share CHRIS MILLINGTON | NUMIS SECURITIESI believe the return to profitability is sustainable, unless housing markets drop considerably. Despite Bovis not having as much short term work planned as competitors, it is in a strong position for the future.MARK HUGHES | PANMURE GORDONFrom a headline perspective the results are a little bit behind expectations, but underlying performance remains strong. The firm has a strong strategic land bank, and land “oven-ready”?for construction is plentiful.JON BELL | SHORE CAPITALWhile we believe that Bovis has relative geographic weakness compared to its peers, the company’s strong balance sheet – net cash at the end of June was £79m – should provide some protection in a challenging market. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Tags: NULLlast_img read more

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Shire begins £358m offer for Movetis

first_img Shire begins £358m offer for Movetis whatsapp 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.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.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 KCS-content DRUGS firm Shire launched its €19-a-share offer for Belgian gastro-intestinal specialist Movetis yesterday, as the company pushes ahead with its plans for international expansion. Movetis investors have until 26 September to accept the offer, which values the firm at €428m (£358m) including its €100m cash pile. Movetis management have unanimously recommended the offer to shareholders, which represents a premium of 74 per cent on stock prices before the bid was first announced on 3 August. Institutional investors Sofinnova Partners, Sofinnova Ventures, and Life Sciences Partners, which together make up 38.9 per cent of shares, have already agreed to sell. Shire said yesterday it believes the acquisition will make money from 2012. The tender offer is being funded by existing cash resources and executed through the company’s Luxembourg-based subsidiary. The acquisition would give Shire the rights to Resolor, which treats chronic constipation in women in 27 countries of the European Union and elsewhere. Shire estimates potential annual peak sales of Resolor of more than €300m.The purchase will boost the acquisitive drugmaker’s gastro-intestinal business, which is currently the smallest of its three areas of operation. The takeover is one of several deals being thrashed out in the pharmaceutical sector. French drugs giant Sanofi-Aventis said yesterday it would be prepared to moderately raise its $69 per share (£44.7) offer for Genzyme, after the US firm rejected an all-cash $18.5bn offer last week. Shares in Shire closed 0.55 per cent up at £14.59 yesterday, while Movetis remained flat at €18.84. whatsappcenter_img Show Comments ▼ Monday 6 September 2010 8:29 pm Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding 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.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.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.com Tags: NULLlast_img read more

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BACK ON THE BOIL

first_img BACK ON THE BOIL Celebrity chef Gordon Ramsay has news to toast after doubling profits at his troubled restaurant business. Gordon Ramsay Holdings turned a £4.2m profit in the 11 months to August, up from £2.47m in the same period the previous year. Ramsay was forced to restructure and recapitalise his companies after rapid international expansion in 2008 backfired, but is now opening new restaurants again. Picture: Micha Theiner/City A.M. Share whatsapp 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald center_img whatsapp Sunday 10 October 2010 11:18 pm Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Tags: NULLlast_img read more

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Profits soar at Vertu Motors

first_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal 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 Times whatsapp Tags: NULL Car dealership group Vertu Motors saw pre-tax profits soar by three quarters to £4.9m over the first half of its financial year after acquiring a number of new sales outlets. Vertu, which will commence dividend payments in January, added that it beat management expectations for new car performance in September, gaining market share with new car retail volumes declining only 2.6 per cent versus a broader market fall of 19 per cent. 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.comKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgcenter_img Share Show Comments ▼ whatsapp Monday 18 October 2010 7:39 pm Profits soar at Vertu Motors last_img read more

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Time to rethink environmental policy

first_imgWednesday 24 November 2010 9:06 pm Share IN an age of austerity, it is vital we think outside of the box. This ought to be especially true of environmental issues, an area in which Britain remains wedded to old thinking. We desperately need a pro-growth, pro-jobs strategy to help the private sector get us out of our present mess – yet the unthinking, uncosted green consensus that all three major UK political parties have accepted wholesale is fast becoming one of the major barriers to a proper recovery.Britain’s manufacturing sector has bounced back over the past year but it remains smaller that at the previous peak. It will be hard for it to grow much more unless the government’s policies towards carbon emissions are loosened. The rules – and the pledge to slash emissions – are supported by many well-meaning people but unfortunately make no sense: an imported good that used up a lot of carbon during its production is not deemed a problem – but a good that is produced in the UK is penalised if it is carbon-intensive. What this means is that we don’t want to pollute directly, even if that means shutting down what is left of our industry – but we don’t care whether others pollute even more to produce the goods we eventually consume. That way we can buy them (at least those of us not out of work can do so) while retaining a clear conscience. It’s the usual hypocrisy – but one we can no longer afford.There are cheaper, more adaptive ways of combating any climate change. Here is a simple one which Boris Johnson should investigate. In New York, Mayor Michael Bloomberg has launched the NYC CoolRoofs initiative. The idea seems stupid but is in fact brilliant: painting roofs with light, reflective surfaces helps reduce cooling costs, cuts energy usage and lowers greenhouse gas emissions. President Barack Obama’s administration has endorsed the policy, with a cool roofs policy announced for the Department of Energy and other federal institutions. Light coloured surfaces reflect more sunlight than dark ones do, turning less of the sun’s energy into heat. Increasing the reflectiveness of buildings and paved surfaces—whether through white surfaces or reflective coloured surfaces—can reduce the temperature of buildings, cities, and even the entire planet.Hashem Akbari, a Montreal-based academic, has teamed up with other scientists to found the White Roofs Alliance. It already has the backing of New York, Taipei and even Athens. Akbari has calculated that temperatures could be cut by 2.8 degrees in localities that judiciously paint their roofs white, turn roads a concrete colour and plant trees. In a paper in the Climatic Change journal, he estimates that one ton of carbon dioxide can be offset for every 9.3 square meters of black rooftop that is painted white. Bjorn Lomborg, head of the Copenhagen Consensus Center and a professor at Copenhagen Business School, calculates that for an initial expenditure of $1bn, a sufficient number of streets and rooftops in Los Angeles could be painted to reduce temperatures in the region by more than global warming would increase them over the next 90 years. A similar strategy could be applied to parts of Britain, allowing us to preserve more of our manufacturing base. Crazy? Americans clearly don’t think so – and what is really crazy is to cripple UK Plc with unaffordable costs that will drive business to China while doing nothing to help the planet. [email protected] KCS-content 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 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 Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmcenter_img whatsapp Time to rethink environmental policy Tags: NULL 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.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.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comlast_img read more

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Service sector soars on both sides of pond

first_img Share whatsapp KCS-content Service sector soars on both sides of pond Thursday 3 February 2011 7:51 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsHero WarsThis game will keep you up all night!Hero WarsBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBe BOOMS in service sector activity were recorded in both the UK and the US last month, data revealed yesterday.After a snow-affected dip in December, Britain’s largest sector hit an eight-month high in January, jumping to 54.5 in the latest purchasing managers’ index (PMI) from 49.7 in December, well above the 51.4 reading expected.All figures over 50 point to industry growth. However, inflation also surged with the input cost index, accounting for companies’ costs and the prices they charge, leaping to 65.8 from 60.5, the biggest jump since the survey began in 1996. And the US service sector also grew in January, at its fastest pace since August 2005 – up to 59.4 from 57.1 in December – according to the widely respected Institute for Supply Management (ISM) index.The American uptick was broadly based with accelerated growth in business activity (64.6), new orders (64.9), and employment (54.5).The British data also revealed underlying strength, with incoming new business increasing from 49.3 to 54.3 – its steepest pace since April 2010. Incoming new work has now risen in eighteen of the last nineteen months.Economists said the data piled further doubt on the recent GDP statistics, which showed a contraction in the UK economy for the final three months of 2010.Yet the Office for National Statistics should still publish preliminary estimates, according to Michael Saunders of Citigroup.“They could publish perfectly accurate GDP data a year after the event, but that wouldn’t be very useful,” he said.ECONOMISTS’ VIEWS: WAS THE LAST GDP FIGURE WRONG? PHILIP SHAW | INVESTECI suspect it will be revised. Irrespective of the snow towards the end of the year, we’re concerned about services data for October and November, which was out of kilter with other surveys. In October services were judged to have dropped 0.6 per cent, yet the PMI for that month hit 53.2.ANDREW GOODWIN | ERNST AND YOUNG ITEM CLUBWhen the government releases the first estimate, there is very little data for the final month of the quarter – and when that month is an oddity, perhaps because of weather effects, it can give us a misleading reading. The real story is that manufacturing is doing very well, and services are going along ok.MICHAEL SAUNDERS | CITIGROUPYesterday’s PMI figures tell us that either the last GDP figures for the end of 2010 will be revised, or, if the economy did indeed contract, then it is bouncing back in the first quarter of this year. We publish GDP estimates sooner than any other G7 country, so users to have be careful how they interpret them. whatsapp Show Comments ▼ Tags: NULLlast_img read more

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Xstrata profit jumps 86pc

first_imgTuesday 8 February 2011 3:07 am Tags: NULL Share whatsapp Xstrata profit jumps 86pc Miner Xstrata said its full-year profit jumped 86 per cent, slightly beating expectations, on stronger prices for most of its commodities.Attributable profit surged to $5.15bn (£3.19bn), from $2.77bn last year, beating the $5.05bn consensus of 18 analysts provided by the company.Xstrata, one of the most heavily traded companies in London, said it plans to pay a final dividend of 20 cents a share, reflecting a return to pre-crisis levels.The Anglo-Swiss miner said last week that its 2010 production of thermal coal had been affected by severe weather, but that it was still assessing the damage caused by flooding and cyclones this year in Queensland where it has coal, copper and zinc operations. whatsapp Show Comments ▼ John Dunne 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’Sportsnautlast_img read more

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CITY MOVES | WHO’S SWITCHING JOBS

first_img Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap 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 ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal 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 AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp Show Comments ▼ PensionsFirstThe pensions risk management firm has hired three new assistant vice presidents: Matthew Furniss (pictured) and Robert Heathcoat, who both join from Punter Southall, and Chris Hoddman, who joins from the Pension Protection Fund. Furniss will work in the client solutions group, helping clients to manage their pension risk. Hoffman and Heathcoat will be working in the firm’s professional services team.AvivaMartin Muir has joined the insurer as an asset and liability management director, starting 11 April. The newly created role will give Muir responsibility for the asset allocation of Aviva’s investment portfolio. He will be based at the firm’s London HQ and will report to Tim Harris, the group’s deputy chief financial officer. Muir joins the firm from Goldman Sachs, where he is a managing director in the securities division. Previously, he worked for twenty years at Watson Wyatt, where he was a partner and leader of the UK life practice.DeloitteGraeme Matthews has joined the company as an associate partner in its security team, helping to improve its cyber security advisory. The cyber security team resides in the Deloitte enterprise risk service practice, which has more than 900 people.Matthews has previously spent four years as a lead client partner at Detica, focused on national and government security. Before that, he worked at Capgemini specialising in change management and organisation design in the TMT market.Haymarket FinancialHoward Rowe, Glenn Clarke and Carlos Baigorri have joined the firm. Rowe was formerly a managing director at Goldman Sachs and has joined Haymarket’s healthcare financial business.Clarke has joined from Chapdelaine in the US to drive the firm’s capital markets efforts. He previously worked at CSFB’s CLO franchise. Baigorri joins as an investment analyst from Goldman Sachs.TeachFirstThe education charity has hired John Colenutt as chief operating officer. He has left JP Morgan Cazenove after 22 years for the role. Tags: NULL Sharecenter_img CITY MOVES | WHO’S SWITCHING JOBS whatsapp Wednesday 16 February 2011 7:39 pm KCS-content last_img read more

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Shares in European gaming firms surge post US crackdown on gambling sites

first_img Show Comments ▼ Shares in European gaming firms surge post US crackdown on gambling sites 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 Tags: NULL KCS-content Sharecenter_img Monday 18 April 2011 7:46 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 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 whatsapp whatsapp SHARES in online gaming firms that have avoided the US crackdown surged yesterday, with European firms set to be the big winners.Shares in Bwin.Party, the firm formed by the recent merger between Bwin and poker site PartyGaming, jumped by almost 30 per cent.888 recouped losses suffered after merger talks with Ladbrokes broke down last week. Software provider Playtech also made big gains after the shock US action, which claimed gaming firms PokerStars, Full Tilt Poker and Absolute Poker had tricked banks into committing “elaborate criminal fraud”. The sites’ founders could face 20 years in prison if found guilty.Execution Noble analyst Geetanjali Sharma said: “The US facing operators have been a drain on the profitability of the European operators.The closure of the main competitors’ operations and the US legal proceedings initiated against them should benefit European listed operators.” last_img read more

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We need a proper education industry

first_img Tags: NULL We need a proper education industry IT is time to harness the profit motive to sort out the UK’s schools. That may sound hopelessly radical – but the seeds of a revolution have already been planted, and the green shoots they are generating remarkably promising. Britain’s current crop of private schools are not all charities. As a report out today from the Adam Smith Institute demonstrates, there are already 489 profit-making schools in England, and these are overwhelmingly non-selective, secular, and concentrated in metropolitan areas. Remarkably, 41 per cent of these schools operate on fees less than or on a par with the national average per-pupil funding in the state sector. Both this subset of inexpensive for-profit schools, and for-profit schools in general, significantly outperforms the independent sector as a whole in Ofsted inspections.It is clear that the profit motive and high educational achievement can go hand in hand, as also demonstrated in countries such as Sweden, where profit-making chains run many state-financed schools. They are seen by the Swedish political left as a way of ensuring better opportunities. The 2002-2011 profit margins at the likes of Kunskapsskolan, one top chain, or its rival Internationella Engelska Skolan, are five to eight per cent. In Britain, the larger chains include Cognita, which runs 42 schools in England (46 establishments in total across the UK, including nurseries), the Alpha Plus Group, which runs 16 schools and GEMS, which operates 12 schools. A number of overseas-based chains have also moved in to mainstream statutory-age provision. These include Beaconhouse, which acquired Newlands School, Seaford, in September 2009; International Education Systems, which bought Grantham Preparatory, and Schiller International University Group, which opened Wickham Court School, Bromley, a few years ago. The report also identifies 11 for-profit chains of between three and five schools. It is not just UK-based and global groups that are entering the market: firms that specialise in providing nurseries are also diversifying. Kent-based nursery provider Kinder Nurseries, with nine day nurseries, opened its own primary – Meredale Independent School, Rainham – a few years back. Happy Child, having opened its first prep school, Aston House School, has gone on to acquire three others. The existence of this nascent industry is a great opportunity for the government. Michael Gove, the secretary of state, is quietly introducing revolutionary and welcome changes. Large numbers of schools are being turned into academies, self-governing state schools. Over time, Gove’s excellent reforms will begin to reverse the catastrophic decline of British primary and secondary education. But while the rise of the academies is a success, the coalition needs to do more to encourage the creation of new free schools, also fully financed by the state but set up by parents, teachers and local communities, the first of which will open in September. As the report argues, the best way to achieve this is for the government to allow profit-making companies to open, build and run free schools, without the need for a charitable vehicle or trust framework, as currently required. Harnessing the profit motive – and beginning the long process of turning education into a proper, modern industry – is the only way forward. [email protected] me on twitter: @allisterheath by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads whatsapp Share whatsapp KCS-content Show Comments ▼ Wednesday 20 April 2011 9:02 pmlast_img read more

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