France ratings fears put euro under pressure

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 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULL whatsapp France ratings fears put euro under pressure John Dunne Sharecenter_img whatsapp THE Euro dropped this morning after market fears that France could face a downgrade of its AAA credit rating in the long term.Fears were triggered after credit ratings agency Moody’s found earlier this week that the country’s rating was secure for now but could be under pressure in the future as uncertainty remains over its economic revival. President Nicolas Sarkozy called an emergency summit meeting with prime minister Francois Fillon, finance minister Christine Lagarde and budget minister Francois Baroin to discuss the country’s economic problems following the Moody’s report. The meeting, tomorrow (Friday) will discuss a new package of cuts, it is understood.A market source said: “People are very jittery on the European markets. Although in the short term France’s rating looks safe it is beyond that which is causing concern.” Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo Thursday 19 August 2010 6:36 amlast_img read more

Fyffes sees profit slump after banana glut

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 Friday 3 September 2010 3:56 am whatsapp Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo Show Comments ▼center_img TROPICAL fruits supplier Fyffes saw profit dive by 28 per cent – triggered by an excess of bananas in the market and rising costs. The Dublin-based company said higher fuel costs and a stronger US dollar made for “difficult” conditions, leaving it with a profit of 13.3m euros (£11.1m) in the six months to June.Fyffes said trading conditions had “normalised” during the summer months while the company is pushing up selling prices across all its markets.The average retail price of a kilogram of bananas has risen from 95p in January to 109p in June, according to the Office for National Statistics. Tags: NULL whatsapp Fyffes sees profit slump after banana glut John Dunne last_img read more

Thomson Reuters poised to unveil social media for finance desktops

first_imgMonday 13 September 2010 7:28 pm 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 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 Share Thomson Reuters will today roll out its next-generation desktop product for financial workers, incorporating Twitter-like social media features that it hopes will help it win customers from Bloomberg and others.Thomson Reuters Eikon will knit together dozens of disparate products that provide data, news, analytics and trading tools, as well as social media applications familiar to users of Twitter, instant messaging and Facebook. Eikon accounts for the biggest part of a $1bn investment in new financial products that includes video news service Reuters Insider and data network Elektron.Along with improved search, customers will also be able to access Eikon on devices such as Apple’s iPhone and Research in Motion’s BlackBerry.“What we are trying to do is take the best learning from the consumer media world and apply that to professional tools,” said Devin Wenig, CEO of the company’s markets division. Thomson Reuters poised to unveil social media for finance desktops Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndocenter_img KCS-content whatsapp Show Comments ▼ whatsapp Tags: NULLlast_img read more

Luminar hit by another fall in revellers at clubs

first_imgThursday 23 September 2010 8:11 pm Show Comments ▼ Share Luminar hit by another fall in revellers at clubs whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp NIGHTCLUB owner Luminar yesterday reported a further slump in sales as fewer revellers went clubbing at its venues.Luminar, which issued three profit warnings in its last financial year, said sales at its 76 clubs were down 20.2 per cent in the 26 weeks to 26 August with admission revenue down by 26.5 per cent and customer numbers down 19.1 per cent.The company said, however, that it had a net operating cash inflow during the period and had made £3.7m from the sale of four properties, enabling it to continue to trade within the terms of its banking facilities.Luminar has suffered from rising unemployment within its key 18-24 customer age group.Meanwhile, the World Cup also took its toll as the nation tuned in to watch football rather than hitting nightspots. Chief executive and founder Stephen Thomas stepped down last year. KCS-content Tags: NULLlast_img read more

PwC sells remaining Rok units

first_img KCS-content Show Comments ▼ whatsapp PwC sells remaining Rok units Thursday 18 November 2010 8:13 pm ADMINISTRATORS have been forced to break up the remainder of troubled housing group Rok after a sole buyer failed to materialise. Just 500 jobs out of a workforce of 3,800 look set to be saved after PriceWaterhouseCoopers (PwC) found buyers for only parts of the firm.PwC said that it had sold parcels of the construction and social house building division to Mansell Construction Services, a subsidiary of Balfour Beatty, saving 381 jobs. The reprieved section is made up of construction operations in Milton Keynes, Gatwick and Heathrow and the social house building businesses based in the South West and North West of England.In a further development, sources close to housing maintenance firm Mears Group, claimed that it was saving more than 100 jobs in the South West.But the majority of the firm’s employees are being made redundant after earlier expressions of interest to buy the whole group collapsed. PwC are retaining a team of 200 people across the group to help wind up the business but these jobs will go once the parent group closes.According to PwC, Rok which built and maintained social housing, was a casualty of public sector cuts and the construction slump. PwC Jeremy Webb joint administrator said: “We are delighted that we have been able to secure a sale of part of the business hence preserving employment for 381 people. “This is tinged with disappointment that there was not sufficient interest in the other parts and hence the redundancies that have been made today.” whatsappcenter_img Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.com Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More 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 PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Tags: NULLlast_img read more

Facebook offer closed to US

first_img Show Comments ▼ Facebook offer closed to US Share KCS-content More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com GOLDMAN Sachs will exclude US clients from a $1.5bn (£940m) private offering of Facebook shares, citing “intense media attention”.The investment bank denied the move was heralded by the Securities and Exchange Commission examining the trading of stock in non-listed companies.However, it is thought that scrutiny of the deal in the US could leave Goldman open to regulatory obstacles. The offering attracted attention as it will circumvent rules requiring firms with more than 500 investors to publish their financial results. The Facebook offer makes use of a “special use investment vehicle” which many individuals can buy into but only counts as a single shareholder.Clients in the UK, mainland Europe and Asia have been alerted to the offer, which will value the social network at $50bn. center_img whatsapp whatsapp Monday 17 January 2011 9:32 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeStyleVamp10+ Normal People Who Astonishingly Look Like CelebsStyleVampAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediaMold Removal | Search AdsBathroom Mold Removal Tips That Might Surprise Most AmericansMold Removal | Search Adswomengetfreebies.comGet free samples sent to your home. 100% free. Sign up Nowwomengetfreebies.comCrawl Space RepairFoundation Repair Cost In Scottsdale May Surprise YouCrawl Space RepairBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestinationExpertoffers.netResearch Great 5G Senior Cell PlanExpertoffers.netDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUcutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.com Tags: NULLlast_img read more

IRISH GOVERNMENT SCRAPS 90 PER CENT BANK BONUS TAX PLAN

KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm IRISH GOVERNMENT SCRAPS 90 PER CENT BANK BONUS TAX PLAN Share Tuesday 25 January 2011 9:31 pm IRISH finance minister Brian Lenihan (pictured, left) yesterday admitted its plan to tax bank bonuses at 90 per cent may not be enforced. He said “immense legal difficulties” meant the plan may be left out of the finance bill now being fast-tracked through parliament. The bill must be passed by Friday to allow an election next month. Picture: PA Tags: NULL whatsapp 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 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 ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp read more

Diary

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm KCS-content WALKING BOOTS ARE DE RIGEURA score for good sense at the FT/HSBC breakfast event: six men were settled into white armchairs onstage for a panel debate yesterday, but only one man’s sensibly clad feet stood out. Gao Xiqing, president of China’s sovereign wealth fund, shunned the standard suede or polished leather business shoe. Not for him the peril of slipping on Davos’ icy pavements, or the inconvenience of changing shoes every time he entered the Belvedere. Instead, this free spirit and reported climbing fan sported a clunky pair of brown walking boots. It turns out that when you have $200bn in assets under management, you can wear whatever shoes you like.SHAKIRA IS THE ONEAs for free spirits of another kind, Gao’s fellow panellist Colombian finance minister Juan Carlos Echeverry was determined to add a little philosophy to the mix to spice up his remarks. Asked about what rising prices mean for commodities exporters, he took an unusual angle: “I think of Nietzsche and the trans-valuation of all values,” he said. “What used to be good is bad and what used to be bad – to be poor and resource-rich – is good.” So who is Echeverry’s modern “übermensch”? It turns out, it’s Shakira (pictured right). “If Nietzsche were born today, Shakira would be his über-frau,” he declared. We didn’t quite catch the rationale, but hell, anyone who can put Shakira and Nietsche together in a debate about capital flows deserves brownie pointsCLIMATE CHANGE IS COOLIt’s not just about networking, Davos’ most ardent supporters insist. It’s about getting together to solve the world’s problems. A plethora of events sets out to prove the point, with Climate Group holding a lunch this week for “a select group of international leaders from the finance and energy sectors to discuss the collective leadership needed to support progressive policy measures and finance solutions”, sponsored by HSBC and Standard Chartered. A sceptic might wonder how all this caviar-munching, champagne-quaffing and speech-giving helps the environment?Of course, it doesn’t do any harm – unless, that is, you count the thousands of flights delegates took to get here, the lines of traffic crowding the town, the gratuitous patio heaters on balconies that no one is occupying and the helicopters and private jets shedding their airy exhaust over the pristine Alps.One director told me she was actually getting quite tired of being ferried around in shiny Mercedes. Yesterday’s shimmering sunny weather was one for walking – if you could cross the road between the fleets of shiny executive-carriers crawling along the Promenade. It’s all in a day’s climate action. TIME TO RELAXNever to miss a chance to make extra cash off its delegates’ thirst for self-promotion, the World Economic Forum has this year invested in an entire stand-alone temporary extension to the Belvedere Hotel. The structure is a behemoth of purchased offices and lounges, with a variety of firms and media outlets setting up shop in the new building. One of the most important requirements, of course, is ample space for “lounging”, without which many of the delegates would be at a loss for large chunks of the day. Diary Show Comments ▼center_img 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.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Share Thursday 27 January 2011 8:37 pm whatsapp Tags: NULLlast_img read more

BNP Paribas misses forecast after AXA charge

first_img whatsapp whatsapp Show Comments ▼ Thursday 17 February 2011 3:34 am Share Tags: NULLcenter_img BNP Paribas misses forecast after AXA charge 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 John Dunne BNP Paribas, France’s biggest listed bank, missed forecasts for fourth-quarter profit after it booked a 534 million euro (£444.8m) charge on the value of its stake in insurer AXA.BNP blamed the surprise one-off charge on “highly volatile” post-crisis stock markets that had taken AXA shares below their book value. BNP owns 5.2 per cent of AXA, Reuters data showed.Overall 2010 results for BNP saw revenues and profits rise on the back of the bank’s strong retail bank and integration of Belgium-focused crisis acquisition Fortis. The group raised its Fortis synergy target to 1.2bn euros, from 900mFor 2011, BNP expects a “slight decline” in loan-loss provisions in key Europe markets like France, Belgium and Italy as the risk environment improves, Chief Executive Baudouin Prot told Reuters television, adding acquisitions were not a focus.“I’ll be very blunt; at the moment, we are not very acquisitive,” Baudouin Prot said in an interview. “This year we will concentrate on organic growth.”BNP reported fourth-quarter net income of 1.55 billion euros, up 13.6 per cent. Consensus forecasts had been expecting 1.73 billion, according to a Reuters poll of 11 analysts.Group revenues rose 2.6 percent in the quarter, to 10.3 billion euros, missing forecasts of 10.5 billion.Shares of BNP hit an 11-month high on Wednesday after smaller rival Societe Generale (SOGN.PA) whipped up investor enthusiasm with its own results. SocGen met forecasts with a near-quadrupling of net profit.Like SocGen, BNP said it would raise its dividend, to 2.1 euros per share, from 1.5 euros in 2009. 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 Wraplast_img read more

Morale hits record high in Germany

first_img whatsapp Monday 21 February 2011 8:13 pm Share Tags: NULL Show Comments ▼ KCS-content whatsapp More From Our Partners A 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.com GERMAN business confidence surprised observers by rising to another record high in February, the well regarded Ifo index showed yesterday.The measure of business climate in the Eurozone powerhouse upticked to 111.2, from 110.3 last month. It marked the ninth straight month of private sector pick up, and bodes well for German GDP.“After its winter dip, the German economy should return to above-trend speed very soon,” said ING’s Carsten Brzeski. “The economy will continue to fly high this year. Due to the well-balanced export mix, foreign trade will remain an important growth driver.”Manufacturing was the strongest sector according to the Ifo survey, mirroring results from Markit’s purchasing managers’ index (PMI), also released yesterday.Factory sector PMI struck a record high of 62.6 in February, according to the mid-month “flash” estimate.And the whole German private sector scored its highest rate of growth for over four-and-a-half years, reaching 61.5. PMI scores over 50 indicate economic expansion.“Today’s results confirm our view that German real GDP growth should account for at least one per cent quarter on quarter for the first three months of 2011,” Frank Engels of Barclays Capital. Meanwhile, French PMI also rose, to a six month high of 59.5. However, the rise was driven by an increase in service sector activity, with jumped over the 60 mark (from 57.8), a seven month high.“The two biggest economies of the Eurozone, accounting for around half of overall euro area GDP, are going strong,” said Ken Wattret of BNP Paribas. Morale hits record high in Germany last_img read more