Tesco talks up economy as profit lifts
Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Share TESCO said yesterday that the UK was unlikely to slide back into recession as it reported a 12.5 per cent increase in first half profit to £1.6bn.The world’s third largest retailer said it had been boosted by the strength of Asian markets, offsetting “modest” UK sales growth in the 26 weeks to 8 August.Outgoing chief executive Sir Terry Leahy, who is leaving the company in March, said the company was in good shape in a UK supermarket sector he branded “the best in the world”. Sales across the group jumped by more than eight per cent to £32.9bn over the period.Overall UK sales were up by around three per cent. Asked if the UK economy was likely to lurch back into recession, Leahy said: “My starting point is the global economy, which is in a pretty robust recovery. If you look at the customer psychology and the pulling power of the developing markets, I think they will pull Europe and the United States into a stable and established recovery.”The company said UK like-for-like sales excluding petrol rose 1.3 per cent in the second quarter, compared with 1.1 per cent in the first quarter – but, adjusting for VAT sales, the figure was just 0.3 per cent higher over the half-year.Tesco has more than 4,800 stores in 14 countries, with two thirds of its profit and sales generated in the UK.Leahy was delivering his last set of results before handing over to international chief Phil Clarke.Kate Calvert, analyst at Seymour Pierce, said: “These results show how with good cost control in the UK and internationally, Tesco is seeing the benefits of the global economic recovery and the benefit of food inflation.” whatsapp Tags: NULL Tuesday 5 October 2010 8:26 pm
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Thursday 7 October 2010 9:46 pm Show Comments ▼ KCS-content 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 PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Tags: NULL
whatsapp THE government has agreed a new redundancy scheme with five civil service unions, ahead of a wave of public sector layoffs when spending cuts start to kick in. Firemen’s union the FDA, Prospect, the Prison Officers’ Association, GMB and Unite have all agreed to reduced terms for redundancy payouts, which will now be capped at one year’s salary for compulsory lay-offs and 21 months for voluntary redundancies. All civil servants will be given three month’s notice. The government has also agreed to protect the low paid. The minimum payoff will be calculated as if the worker is earning at least £23,000, even if their salary is considerably less. But highly-paid staff will have their salary capped at £149,820 when working out their pay-offs.Francis Maude, minister for the cabinet office, said: “In today’s tough economic climate, we would be failing in our duty to the tax-paying public if we had allowed excesses.” Cuts to civil service pay-offs Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Share
Share Wednesday 13 October 2010 7:38 pm South American precious metals producer Hochschild has doubled its interest in a gold and silver mining project in Peru, it said yesterday, paying $15m (£10m) for a 60 per cent controlling interest to joint venture partner International Minerals Corporation (IMZ). The London-listed firm also acquired a 3.2 per cent stake in IMZ through a private placing of shares for $20m. Hochschild has agreed to fund the first $100m of development costs in the Inmaculada project in Peru. whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap 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
Hochschild ups Peru stake £10m KCS-content Show Comments ▼ Tags: NULL
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Tags: NULL Thursday 25 November 2010 7:55 pm whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp
Shaftesbury shops provide profit jump Tuesday 30 November 2010 8:44 pm KCS-content whatsapp whatsapp Share WEST END property company Shaftesbury posted double-digit growth in its asset value for the full-year yesterday, and said it expected strong demand for its shops, pubs and restaurants to continue.Shaftesbury also said it was hunting for a new chief executive, after current boss Jonathan Lane announced his intention to retire in 2011 after 24 years with the firm. Lane will stay on as deputy chairman. The company posted full-year pre-tax profit of £22.3m, up from £21.3m last year. Adjusted net asset value has risen 24 per cent on last year to £948.2m, or £4.14 per share. Shaftesbury plans to pay a second-half dividend of 5.25p a share, taking the total for the year to 10.25p.Chairman John Manser said the company made good progress in 2010, having let 81 per cent of commercial space at its St Martin’s Courtyard scheme in Covent Garden. He said the firm would continue to seek acquisitions, on top of properties worth £65.3m bought last year. “We expect strong occupier demand for our properties to continue, and we are confident that we shall maintain our record of delivering out-performance in income, dividends and capital values.”Evolution Securities analyst John Cahill said in a note the results are marginally below his forecasts, adding that Lane’s retirement “has been suspected for some time, and Lane will be a hard act to follow. The choice of successor – not an obvious one – will be pivotal for the future of this company.”Shares fell 1.4 per cent to 435p. FAST FACTS | SHAFTESBURYShaftesbury was set up in 1986 by Peter Levy as a vehicle to buy properties in Chinatown.It listed on the London market in 1987 and became a real estate investment trust in 2007, and now has properties worth over £863m. Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼
whatsapp DIY RETAIL group Kingfisher said yesterday that sales in eastern Europe and France helped to bolster its business accounting for some 80 per cent of profits in the third quarter.The group said in a trading statement, total sales were broadly flat but that good international growth offset a fall in the UK where sales were down 4.2 per cent in the quarter and where it said it was facing the toughest trading conditions in around three and half years. But this was offset by sales in France, which saw 1.8 per cent growth, Poland and a recovery in sales in China. Kingfisher said the 8.2 per cent rise in retail profit to £240m was also driven by continued cost cutting measures across the group. The company’s net cash balance saw a significant improvement at £203m, up from £19m at the end of the previous quarter. Ian Cheshire, group chief executive, said the UK?DIY market was likely to shrink by two to three per cent next year as consumers worry about higher taxes and public spending cuts. But he added: “We are well prepared to trade effectively in these challenging times and we continue to lay solid foundations for sales and profit growth in the future.” Show Comments ▼ KCS-content whatsapp Kingfisher weathers storm as sales increase overseas Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell 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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Thursday 2 December 2010 7:10 pm Tags: NULL
Thursday 16 December 2010 7:47 pm Ashmore in transatlantic funds push whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp
Share EMERGING markets specialist Ashmore Investment Management has won US regulatory approval to market five funds in the United States, aiding efforts to broaden its global client base.The five funds will invest in local currencies, as well as sovereign and corporate emerging market debt, the investment manager said yesterday.“There is growing demand among US investors for emerging markets exposure with a clear trend towards the need for daily liquidity and transparency,” Christoph Hofmann, Ashmore’s global head of distribution, said in a statement.Ashmore’s funds are registered with the US Securities and Exchange Commission (SEC) and will initially be available through an institutional share class.Next year, Ashmore plans to offer additional retail share classes, subject to further regulatory approvals, extending access to retail investors and high-net-worth individuals through private banks and broker-dealers.The company wants to broaden its client base and to grow the high-net-worth and retail business in particular. Ashmore chief executive Mark Coombs said. “Our entry in to the broader US investment market furthers this goal,” he said.The five funds to be offered in the US are the emerging markets corporate debt fund, the emerging markets local currency fund, the emerging markets local currency bond fund, the emerging markets sovereign debt fund and the emerging markets total return fund. Show Comments ▼ KCS-content Tags: NULL
More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼ WITH just three days to go before F&C Asset Management’s boardroom showdown with activist shareholder Sherborne Investors on Thursday, mood in the City has swayed toward the F&C board.Early enthusiasm for Sherborne’s proposed board takeover, replacing chairman Nick MacAndrew with its founder Edward Bramson, has been replaced with caution as investors weigh their options. Sherborne is supported by key investor Aviva, and shareholder service ISS concluded Bramson’s presence on the board would benefit shareholders in the long term, despite his lack of asset management expertise. “Bramson has a very good track record as a turnaround specialist,” it said. “Relevant board experience is more important than industry experience.”Many F&C investors are keen to see what fresh blood could do – but Sherborne has raised concerns by apparent misjudgements in its view of F&C. It has come under fire for arguing that F&C’s purchases of REIT Asset Management and Thames River Capital were expensive and contributed little to assets under management and earnings. Analysts see the Thames River deal as a transformational move that should boost F&C by adding a high-growth, high-margin firm with an ambitious leader, Charlie Porter. And as a people business, Porter represents exactly the sort of talent F&C would suffer from losing. Singer Capital analyst Sarah Ing said F&C was dogged by structural challenges dating back to its divestment from Friends Provident, but the board’s strategy was sound.“F&C is constrained by its structure,” she said. “But management has invested in high margin businesses. Short of breaking the firm up, it is unclear what would help.” Sunday 30 January 2011 10:39 pm 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 AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia whatsapp Pressure rises on F&C ahead of vote 
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AN IRISH property developer, whose assets include London luxury hotels Claridges, the Connaught and the Berkeley, yesterday won a legal challenge to stop the National Asset Management Agency (NAMA) acquiring his loans, a ruling that complicates the operations of the state-run agency, dubbed the “bad bank”.Ireland’s Supreme Court said yesterday a decision to acquire €2.1bn (£1.7bn) in loans secured on Paddy McKillen’s assets was not valid because it was made before NAMA was legally established. That overturned a High Court ruling last year that found in NAMA’s favour. McKillen, wants to avoid transferring his loans to NAMA lest such a transfer damage his reputation and compromise his companies. “It is clear that the decision taken by the interim team of NAMA between 11 and 14 December had no legal effect,” chief justice John Murray said in court. whatsapp Show Comments ▼ Tags: NULL 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Thursday 3 February 2011 7:59 pm Share Claridges owner wins NAMA case KCS-content whatsapp
Sunday 13 February 2011 11:17 pm Show Comments ▼ 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 Tags: NULL HIG buys British telecoms firm Share HIG Europe, the European arm of global private equity house HIG Capital, has acquired Aircom International, the mobile phone services provider.Bought from Advent International for an undisclosed price, the Aircom investment marks HIG’s eighth new deal investment in the last 12 months.Barclays and HSBC provided a “joint debt package” to support the group going forward.Leatherhead-based Aircom is forecast to deliver more than £90m in revenues in its current financial year to June 2011. 
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