September 4, 2021

Green belt reform drops off the agenda as ministers issue long-awaited housing proposals

whatsapp Ministers have steered away from a liberalisation of building on so-called green belt land, despite acknowledging the worsening housing crisis in many parts of the country.The government had been expected to introduce reforms to free up protected land, but proposals released today after months of delay have instead abandoned any reference to easing restrictions. Monday 6 February 2017 8:58 pm Share whatsapp Stott added “Today’s white paper offered a golden opportunity [but]… it feels like the government has chosen to listen to the petty concerns of NIMBYs rather than stand up for the priced out generation.” Mark Sands Instead, Sajid Javid’s long-awaited housing white paper says ministers will “reaffirm this government’s commitment to the green belt”.Read More: Foundations of the long-awaited housing white paper are still being laidInstitute of Economic Affairs director general Mark Littlewood said: “It’s disappointing that the government is still failing to tackle the root cause of Britain’s broken housing market – a lack of supply.“The only surefire way to bring down housing costs is to relax our highly restrictive planning laws. Not all greenbelt land need be sacrosanct so it’s a shame to see politics trump sensible economics.”And Adam Smith Institute executive director Sam Bowman added: “Only a tiny amount of the UK’s green belt would need to be freed up – less than two per cent to give us room for more than a million new homes. Britain has some of the smallest and most expensive homes in Europe, and a family-friendly Conservative government must create space for new homes to be built by the private sector.” Read More: Whisper it, but government might just take on the housing Nimbys and winThe launch of the paper was mired in delay amid rumours of concerns from Tory backbenchers around radical planning changes and potential green belt development, with one senior Tory telling City A.M. last week that cabinet members had “taken fright” at some of the earlier proposals.The paper introduces a consultation on new methods to calculate housing demand, with local authorities expected to produce a realistic plan every five years.In addition, it seeks to tackle the gap in the numbers of planning permissions granted and homes completed by requiring developers to begin work on sites within two years, not three, when planning permission is granted. Builders will also be expected to provide more information about the pace of housing delivery.Read More: Housing white paper: Deregulation and council targets are not enough Green belt reform drops off the agenda as ministers issue long-awaited housing proposals Along with widely-trailed measures to support renters, the government’s plan also references previously announced policies such as a £3bn home building fund, the ability to use savings to buy a first time home through the Lifetime ISA, and a continued drive to help local authorities utilise empty homes.Announcing the plans later today, Javid will say: “The housing market in this country is broken and the solution means building many more houses in the places that people want to live.”“The only way to halt the decline in affordability and help more people onto the housing ladder is to build more homes. Let’s get Britain building.”Labour’s shadow housing minister John Healey last night blasted the offering as “feeble beyond belief”.Duncan Stott from PricedOut, a group that campaigns for more affordable housing, said: “The green belts that choke our most unaffordable cities are in serious need of review. Much of the green belt is not beautiful, not biodiverse, and often not even green. read more

September 4, 2021

Scandal-hit Francois Fillon could gift Marine Le Pen the French presidency

Scandal-hit Francois Fillon could gift Marine Le Pen the French presidency by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeRecetas GetCheck 5 Cancer Warning SignsRecetas GetYahoo! SearchSearch For Best Home Water Delivery Service ScottsdaleYahoo! Searchfinguide.info10 smartest animalsfinguide.infoHigh TallyGerald McRaney Is Happily Married To This PersonHigh TallyibuzzsHidden Side Effects of the Most Popular DietsibuzzsFlower Delivery Near Me | Search AdsSummer Deals – Brighten Your Day With An Express Flowers Delivey.Flower Delivery Near Me | Search AdsHubcaps Unlimited LLC – WheelCovers.ComOriginal Wheel Covers, Hubcaps, and Hub Caps – New and UsedHubcaps Unlimited LLC – WheelCovers.Com10 Best Dog for Seniors10 Best Dog for Seniors – Carammello10 Best Dog for SeniorsVibrant Health NetworkWhy Doctors Prefer This Method Over MetforminVibrant Health Network whatsapp And just like the Donald, her rallies attract tens of thousands of people (the only other candidate who has that kind of pulling power is Macron).In fact, we’ve been focusing so much on why Trump became US President that we forgot to analyse why Hillary Clinton did not.I remember being in New York last September and a senior female politician I admire very much told me: “I just don’t like Hillary. I want to, but I don’t.” Sure she won the popular vote, but not enough people went to the polls for her in key states. Trump could rally. She could not.Read more: It’s time to face facts: Pandora’s Box is open and Europe is finishedMarine can rally. Fillon can not. And he’s now seen by many as deeply flawed. He was also Prime Minister of France for five years under Nicolas Sarkozy – who we now understand is under investigation for illegally exceeding his campaign spending limits. His campaign is in serious crisis, but Francois Fillon – candidate of the centre-right after a convincing victory in the primaries – said on Monday that he will continue to fight to become the next President of France despite a scandal engulfing him and his family.Trying to save his campaign, he apologised to the French people for his “errors” but denied that his wife and children were paid significant sums of public money for work in parliament they didn’t actually do. Share Le Pen has a stronger chance of becoming President of France (and what would that mean for the European Union?) if she’s up against Fillon in the second round of the presidential elections in May. This is not fanciful speculation, this is very much a possible scenario. Live with that, Monsieur Fillon.These views are not necessarily shared by Bloomberg. The polls currently don’t suggest that this scenario will arise, but, as we know, polls change, can be wrong and things can get ugly. Fillon’s Thatcherite approach to the French welfare state may not bring in the voters from the left. And this “damaged” candidate could give the French an excuse to vote for “not phoney” Le Pen.Le Pen may stand for ideals far removed from the French triumvirate of “Liberte, Egalite, Fraternite” but she keeps it real. She speaks in plain, concise French that appeals to citizens outside Paris. She wants to curb immigration, eradicate terrorism and get France out of the euro – and that’s the same nationalistic tone that got President Trump elected.Read more: Is the Francois Fillon scandal good news for Marine Le Pen?Using rhetoric which was so convincing to many in the US presidential campaign, she believes France is under threat from globalisation and Islamic fundamentalism.She re-branded her campaign as “Marine” in an attempt to be perceived as the person next door who looks after you. When our Paris correspondent interviewed her a couple of years ago, she made a point of putting on her make-up in the toilet of the National Front HQ, as if on a girls night out. whatsapp Well he didn’t deny that he had paid them significant sums of public money, but insisted that what he had done – jobs for the family, please! – was legal, even though he acknowledged that it was no longer seen as acceptable.Many French have taken objection to Fillon as a result of the saga, and his popularity has crashed. From a 60 per cent probability he would become President in January, that chance only stands at 22 per cent today. As I write, independent centre-left candidate Emmanuel Macron beats him in the polls.Read more: A French Presidentital hopeful has welcomed entrepreneurs mad at TrumpIf you look at the numbers, Fillon may actually not make it past the first round of the presidential elections.But here’s the rub which is alarming the markets: what if he makes it through to the second round and faces the leader of the far right Marine Le Pen in a face-off? Francine Lacqua Thursday 9 February 2017 4:15 am read more

September 4, 2021

Heathrow tunnel leading into airport blocked due to demonstration

A spokesman for the Met Police said the male drivers of two of the vehicles had been arrested for obstructing a highway, and the others – two men and a woman – were arrested once removed from the third car.One man has been taken to hospital as a precaution, the police said, while the remaining man and woman have been taken into custody, also at a west London police station.A contra-flow is in place in the outbound tunnel to facilitate the movement of traffic around the blocked tunnel (which is now empty), but motorists are advised possible delays to their journey as this incident is dealt with. “Earlier this morning protestors staged a demonstration in the in-bound tunnel to Terminals 2 and 3 – the protestors have now been removed by the Police and the tunnel has re-opened,” a Heathrow spokesperson said.“Whilst Heathrow supports the right to peaceful protest within the law, the safety and security of our passengers, aircraft and colleagues together with the smooth running of the operation is paramount. Caitlin Morrison by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRelated ArticlesBanana Fritters: Delicious Recipes Worth Cooking5 Shockingly Simple Ways To Clean White Shoes And Make Them Like NewThe Best 80 Inch 4k TV For Under $2,000 “Contraflow traffic measures were quickly instituted to keep traffic flowing and there were no significant impacts on flights from the airport today. We apologise to passengers whose journeys may have taken a bit longer because of this unlawful protest.”Heathrow tweeted the following advice to motorists trying to reach the airport:https://twitter.com/HeathrowAirport/status/833974292635385856Climate change protest group Rising Up is behind the demo, and activists have chained themselves to a car in the tunnel.Rising Up posted the following video on Facebook:  Heathrow tunnel leading into airport blocked due to demonstration Tuesday 21 February 2017 9:42 am whatsapp A spokesperson for Back Heathrow, a campaign group in favour of expanding the west London airport, said: “The actions of these protestors are selfish, short-sighted and counter-productive. Most local communities living near Heathrow support expansion and passengers simply want to be able to use the airport in peace.“This pointless protest will merely aggravate thousands of ordinary people, many of whom simply want to get to work or catch a flight.” Access to Heathrow Airport has been disrupted due to an impromptu climate change demonstration this morning, with five activists arrested for their part in the protest. The police were called at around 08:25AM to reports that a tunnel near the airport had been blocked to traffic by protesters. Three cars were obstructing the tunnel, with three protestors locked to one of them. Share whatsapp More From Our Partners Connecticut man dies after crashing Harley into live bearnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org read more

September 4, 2021

Another shareholder spring? Execs, companies and institutional investors under pressure ahead of AGM season

Sunday 12 March 2017 4:26 pm Another shareholder spring? Execs, companies and institutional investors under pressure ahead of AGM season 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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden 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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.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.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 Any increase that the companies are contemplating… the timing of this vote, after the Brexit vote, where there’s a lot of focus on pay inequality within the market, it’s probably not a year that you would want to go and propose a significant pay rise. William Turvill The directors of companies are incredibly keen not to put forward policies that will attract a lot of controversy, and certainly they’re really nervous about putting out policies that would get rejected. Highly-paid executives, companies and institutional investors are expected to come under increased scrutiny in the upcoming AGM season, with remuneration policies in the firing line.Bosses at Shell, Glaxosmithkline and BAE Systems came under pressure last week, and experts are expecting plenty more investor challenges in the coming months. In January, the world’s largest asset manager, BlackRock, warned companies it will use its weight to vote down excessive executive pay. Meanwhile, a group of UK fund managers has agreed to club together to combat excessive pay. Research by corporate governance and shareholder services company Morrow Sodali found that executive pay is going to be top of the agenda for shareholders going into this year’s AGM season.“I would think that there is a lot more concern because of the political climate,” Kiran Vasantham, the firm’s head of investor engagement, told City A.M. Share Many firms are facing the added complication this year of holding binding votes on remuneration policies. This is the first AGM season most firms will hold the votes since 2014, the year the government introduced rules stating that they must be held every three years.Read more: Martin Sorrell’s share scheme pay is down more than 30 per cent (to £42m)Catherine Howarth, the chief executive of fund manager industry watchdog ShareAction, told City A.M.: She added that, with the government scrutinising corporate governance, institutional investors are also “jumpy” and want to “avoid looking… too weak to stand up to corporate management and vote in favour”. whatsapp whatsapp read more

September 4, 2021

Avoiding the financial perils of divorce

Avoiding the financial perils of divorce Protect your credit scoreYou might be surprised at how many financial products and agreements you share with your ex-partner.“The longer you have been together, the more tightly wound up even your basic finances will be,” says Zurich’s partnerships boss.Once you divorce, you will therefore need to build up your own credit report. Make sure you look at your independent score, and improve it if you need to, so you don’t get turned down for any future loans.Think about your pension   If your marriage has broken down, the emotional strain can take its toll. But splitting your finances can make the divorce process a lot tougher.Last year, the number of divorces among opposite sex couples increased by 5.8 per cent compared to 2015, according to figures from the Office for National Statistics. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHistory 10Vintage Toys That Can Be Worth ThousandsHistory 10UndoArticles SkillWorkers Uncovered A Secret Under The Washington MonumentArticles SkillUndoSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictUndoAuto carTop 5 best grand tourers 2021 | AutocarAuto carUndoBedtimezBaby Keeps Waking Up With Scratches, Mom Checks Camera And Makes A Phone CallBedtimezUndoHealthline: Medical information and health adviceAvoid These Bad Sleep Habits For A Better Night’s RestHealthline: Medical information and health adviceUndoHealthy GeorgeRobert Redford’s Daughter Is Probably The Most Beautiful Girl In The WorldHealthy GeorgeUndoDaily Finance StoriesRemember Monica Lewinsky? Take A Look At Her Net Worth At Age 47Daily Finance StoriesUndoFitSavage10 Stretches You Can Do at Home to Lose WeightFitSavageUndo But worryingly, stats from insurer Zurich indicate that adults who are divorced are twice as likely to have no savings or investments compared to those who are married.From a legal perspective, the divorce process is fairly straightforward, says Wendy Hopkins, head of family law at Gordon Dadds.“The law is quite simple in the sense that it deals with the income and housing needs of the person who is needy; it actually divides things equally, unless there is such a huge issue in which case a representation is made as to the inequality of contributions.”Hopkins says you should try to reach some kind of outline agreement with your spouse early on in the divorce process. Of course, emotions often run high, and if an agreement can’t be reached, it’s sensible to find a solicitor who can be objective on your behalf, she adds.While some people will hire expensive lawyers to go down the standard litigation route through the court, there are other ways you can save yourself from this huge cost burden by opting for mediation or collaborative law routes instead. whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.com If you are going through a divorce, thinking about your pension is probably going to be the last thing on your mind. However, consider that after property, the pension fund built up by one or both partners is often the second largest financial asset owned by a married couple.With such a huge asset at stake, it’s crucial to consider how this will be divided.Currie says it’s important that the fund is split fairly. This is particularly the case for women who depend on their husband’s provisions. Women are still more likely to be paid less than men and are more likely to take career breaks, which means there is a gap between the amount men and women receive in employer pension contributions. This could lead to a huge shortfall by the end of a woman’s working life.Where the main pension holder and breadwinner is the husband, ex-wives are often awarded a one-off lump sum or matrimonial home to manage. But the Fidelity director says substituting a regular pension income for a house might not be the wisest move given the volatility of property prices.“There are various ways of splitting a pension, and it’s important that you understand each of the options available, along with the repercussions they could have on the financial situation going forward.”It’s also worth contacting your pension provider to find out what you could be entitled to, and to make any necessary changes to payments into your pension fund.Don’t neglect protectionLife insurance is designed to give your loved ones a financial safety net if you die. But if you divorce, it’s unlikely you’ll want your ex-spouse to get a cash lump sum on your death, so make sure you check the policy terms of your life insurance cover.Some “joint life” policies include a separation option, which means that the contract can be amended to cover both parties individually.Hamilton points out that many policies also include options which allow you to increase the amount of cover you have following life events, including divorce or separation, without needing further underwriting.Taxing issuesIf you are married or in a civil partnership, you can transfer assets between you without being hit by capital gains tax (CGT). Of course, the same tax relief does not apply if you are divorced, but you have a window of time to make any adjustments to an investment portfolio.If you and your spouse have lived together, you can transfer assets between you at any time in that tax year without incurring a CGT charge.So if you’re splitting up with your partner, make sure you transfer any assets within the same tax year that you separate in order to avoid a capital gains tax liability, Currie warns, adding: “leave it too late and you will face a tax charge.”Willing to changeAny will you had in place prior to getting hitched becomes null and void. But the same rule does not apply when you divorce.This means that your existing will is unlikely to be appropriate to your new circumstances. Therefore make sure you update your will as soon as possible to ensure that your wishes will be carried out when you die.Hamilton says the first step in this process is to consider what assets are yours to pass down, and then to decide how you want these to be distributed. You might, for example, have a new partner you want to include.Splitting your assets might not be at the top of your agenda during this difficult period, but it’s important not to overlook any of these elements, because they could affect your financial security going forward.There’s no doubt that divorce can be a long and painful process. Don’t make it harder for yourself by not getting your finances in order. Katherine Denham Here are some other steps you can take to avoid a financial sting in the tail as you go through the divorce process.Seek closureFirst, you should close any joint accounts and open new ones in your name. Not doing this could complicate matters, or could even lead to your ex-spouse using your savings, warns Peter Hamilton, head of strategic partnerships at Zurich.But unravelling the various savings and investments you both hold can be tricky. Maike Currie, investment director for personal investing at Fidelity, points out that you can incur charges by selling your joint holdings and sharing the proceeds. And, of course, you incur costs again when you come to reinvest your share.However, on a positive note, Currie says this gives you an opportunity to reassess and rebalance your savings and investments. Share Wednesday 29 November 2017 12:25 pm whatsapp read more

September 4, 2021

Up the blockchain beanstalk in search of a golden goose

So how do we cut through the hype and create a real use case for the technology in specific industries such as healthcare, law, or fintech?I chatted to a healthcare blockchain entrepreneur Alessandra Sollberger. She sees genuine potential in blockchain.“It can allow patients to share their health records when and how they prefer. It can enable pharma companies to track their whole supply chain and offer transparency.”However, she also advises caution, as the technology is still very young, noting that “it will take time to get to the standards that will allow us to build mainstream applications”.Kaidi Ruusalepp, chief executive of fintech platform Funderbeam that uses blockchain to record transactions, also believes that it is still very early days.But she observes that blockchain has already succeeded in making the financial sector question the efficiency of its business models and open minds about alternatives, like Initial Coin Offerings which are a new way to raise capital.So the potential benefits exist, they just haven’t been realised yet.What does that mean from an investment perspective? James Roy Poulter, chief executive of blockchain advisory The Reserve, summarises it succinctly: “The great minds in blockchain are building the future of governance, economics, politics, and money. This doesn’t mean that they – or the tokens tied to them – are worth trading the ‘invaluable family cow’ in for, but they will absolutely change the world more than we can imagine.”It seems that there is no shortage of people buying into the belief of the capability of magic blockchain beans – but we’ve still a long way to go before that goose can deliver us an endless supply of golden eggs.Now where do I find me some of those magic beans?Read more: Why are Premier League clubs now doing deals in Bitcoin? Up the blockchain beanstalk in search of a golden goose Bindi KariaBindi Karia is founder and chief executive of boutique advisory firm Bindi Ventures and an ambassador for Innovate Finance. Remember the tale of Jack and the Beanstalk, when the hero traded his very last asset – the valuable family cow – for a handful of magic beans, and by some miracle of climbing the resulting beanstalk he ended up living happily ever after, thanks to proceeds from a bag of gold, a golden goose, and a harp stolen from the evil ogre’s castle in the sky?In the world that I run in, one of the main technology waves I continuously hear about from my community of entrepreneurs, investors and corporates is the 2018 version of the magic beans: the “blockchain”. Share Friday 31 August 2018 9:06 am So how exactly does one define blockchain, and why am I comparing it to a fairytale?Read more: World Bank issues the world’s first blockchain ‘Bondi’ securityTo answer the first question I reached out to the community. And, unsurprisingly, every person I spoke to had a differing definition.This in itself is telling.The Wikipedia definition is a good start: “A blockchain is a growing list of records, called blocks, which are linked using cryptography. Blockchains which are readable by the public are widely used by cryptocurrencies (i.e. bitcoin or ethereum). Private blockchains have been proposed for business use.” “We are still working out the principles of photosynthesis, let alone cultivating magic beans or sustaining bean crops. You have to invest in the underlying chemicals, factories of biochemistry, petri dishes, hydroponic watering systems, and greenhouses before you can actually grow the beanstalk.”But blockchain has become more than an investable technology. People are betting the farm and the last surviving family bovine for the sake of the idealistic pursuit of decentralisation and equality – but also for that bag of gold in the sky.The future is uncertain, the risks are high, but the potential payoff makes it seem worth it.Toby Lewis, chief executive and founder of Novum Insights, a market monitor for blockchain and emerging technologies, notes that there’s an awareness of this even within the industry.“People in blockchain certainly joke about how they are working for magic beans – a.k.a. tokens.” He’s tracked 5,800 tokens and blockchain startups, and even the fledgling ones can often raise eye-watering sums of capital. Magic beans indeed. From a Silicon Valley perspective, it all gets a bit more enthusiastic. Tweets from Naval Ravikant, chief executive and founder of AngelList, call blockchain “a new invention that allows meritorious participants in an open network to govern without a ruler and without money”.And if you want even more exuberance, prominent Silicon Valley investor and blockchain enthusiast Tim Draper stated during a recent debate: “the magnitude and importance of bitcoin and the technology behind it – blockchain – surpass major technological epochs such as the Iron Age, the Renaissance, and the Industrial Revolution”.At a fundamental level, blockchain is an emerging technology infrastructure for a nascent new economy, underpinning trends such as cryptocurrencies.However, much like the internet in the late nineties, we are at the stage where the real potential of the magic beans is still an unknown, so people are investing in the building blocks of the technology.Richard Muirhead, founding partner of Fabric Ventures which invests in blockchain technologies, takes the fairytale analogy further to explain where we’re at now. whatsapp whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoVitaminewsShe Had No Clue Why The Crowd Started Cheering HerVitaminewsUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndo read more

September 4, 2021

Credit Suisse shares slump despite heading for first annual profit in four years

first_img Tags: Trading Archive whatsapp Credit Suisse shares slump despite heading for first annual profit in four years Credit Suisse shares have slumped after its results failed to meet expectations despite the Swiss bank edging closer to its first annual profit in four years.The bank said its net profit for the third quarter rose 74 per cent year-on-year to Sfr 424m (£327m) and revenue was Sfr 4.9bn – down 1.6 per cent from Sfr 4.97bn the previous year. Analysts had forecast net profit of Sfr 449m for the Swiss lender, which confirmed on Thursday it would make a profit for 2018 for the first time in four years, following a three-year restructuring programme.The bank’s trading division, which has been the focus of cuts, posted a pre-tax loss of Sfr 96m as market conditions hit client activity and chief executive Tidjane Thiam ditched the $6bn net revenue target for its global markets unit.Credit Suisse shares dropped four per cent in early trading before recouping some of those losses.Chief executive Tidjane Thiam said the environment in the summer was “challenging” due to volatile emerging markets, trade tensions and political uncertainties, leading to a drop in client activity, which compounded the expected summer slowdown.But he said the bank’s third quarter performance, its eighth consecutive quarter of profit increase, was notable given the challenges faced. The bank said it was on course to achieve its cost savings target of Sfr 4.2bn for 2018 but warned the negative sentiment that impacted the third quarter to continue to the end of the year.Analysts at Citi said the reaction and dramatic share drop was over the top.They said: “We understand the poor sentiment towards Credit Suisse today on the weakness in global markets [division], but this needs to be put into the perspective of the achievements at the wider group,” keeping a “buy” rating on the stock.center_img Thursday 1 November 2018 3:52 pm Callum Keown by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryCrowdy FanCouple Who Waits 9 Years To Open Their Wedding Present Gets A Rude AwakeningCrowdy FanBridesBlushWhat The Harry Potter Stars Look Like Out Of CostumeBridesBlushAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorGundry MD Bio Complete 3 SupplementTop Heart Surgeon: This Simple Trick Helps Empty Your Bowels Every MorningGundry MD Bio Complete 3 SupplementJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp Sharelast_img read more

September 4, 2021

To restore public trust, it’s time for finance to find its purpose

first_img Our collective failure to address this lack of trust can have severe consequences. In my experience, this can mean anything from younger employees being reluctant to admit that they work in the City, which in turn impacts our ability to recruit the best and brightest, to layers of new regulation and oversight that drain productivity from the sector.This is a problem we need to tackle. So over the past two years, Pension Insurance Corporation has been sponsoring a project on the Purpose of Finance.The aim has been to facilitate a debate, from a position of support, about how best to repair the disconnect between society and financial services. That debate by necessity needs to include politicians, regulators, and the industry itself.We have just launched the third paper in the series, which asks whether efficiency has improved in the European finance industry.In it, Dr Guillaume Bazot presents ground-breaking research on the cost of finance to the end user in the UK, US, France, and Germany over a period of 70 years. Despite how crucial the UK’s financial services sector is to the economy, no one has ever before sought to measure its aggregate cost to the end user (the cost of intermediation).The good news is that the UK has consistently had a significant competitive advantage, even over the US.However, what is perhaps surprising is that the cost of intermediation today in the UK, US and Germany is similar to what it was 70 years ago. Only in France, which had a period of deregulation from the 1950s onwards, has the cost of intermediation come down.This measure should be of vital importance to all of us. First, it is impossible to know how regulation and oversight of the industry impact the wider economy without it. Second, history shows that lowering aggregate costs to the end user has significant benefits for the real economy.Dr Bazot’s paper raises important questions about reinvigorating the economy post-Brexit, and in the long-term about how to power the next industrial revolution. whatsapp Tracy Blackwell There has been vigorous debate, both in the City and in Westminster, about the factors shaping this measure.The use of technology, financial innovation and competition are believed to bring intermediation costs down. But equally, they may be counteracted by the abuse of asymmetric information, increased regulation and consumer protections, as well as risk aversion and short-termism in the markets.Another factor is likely to be the increased number of charges that have been a natural outcome of the huge growth in financial services over the 70 years covered by his study. This is not really surprising, given the massive increase in the number of savings and investment products and the complexity of finance that we have seen over that period.While it is unclear what the right level of cost efficiency is, the prize for getting this number right is potentially huge, and very much feeds into increasing levels of public trust in the finance sector.A vital part of this debate should focus on how best to get financial services companies to focus on their purpose, and then be held accountable to that purpose. This should naturally lead to a more cost-efficient financial services industry, creating jobs and growth, and helping to repair the rift with society. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Wednesday 21 November 2018 7:06 am whatsapp City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. To restore public trust, it’s time for finance to find its purpose More than 10 years on from the collapse of Lehman Brothers, the finance industry still has much work to do to rebuild society’s trust.Given the centrality of financial services to the UK’s economy – whether through the tax revenues it pays, the two million jobs it supports, or the basic functions of our economy which are dependent on it – this work is long overdue. Opinion Share Tags: Brexit Taxlast_img read more

September 4, 2021

Inflows give profit boost to Brewin Dolphin

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostUndoAffluent TimesLily From The AT&T Ads Is Causing A Stir For One ReasonAffluent TimesUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndo Inflows give profit boost to Brewin Dolphin whatsapp Share “We are well positioned to withstand market-wide stresses triggered by Brexit,” he said. Its total funds stood at £42.8bn, an increase of 6.7 per cent.Brewin Dolphin increased its full year dividend 9.3 per cent to 16.4p with its final dividend increasing 11.6 per cent to 12p per share.Chief executive David Nicol said: “2018 was another successful year for the group, proving the continued value of our personalised advice-led model. Above target organic fund inflows have led to strong earnings and dividend growth.“The investment in our services, people and technology are delivering results and we have broadened our range of services so we can capture future growth opportunities. At a time of uncertainty we remain confident in our growth prospects.”Nicol said the company was “prepared to take all necessary and appropriate measures to address any eventualities that emerge” with respect to Brexit. whatsapp Wednesday 28 November 2018 8:29 am James Booth Tags: Brexit More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Asset manager Brewin Dolphin today reported a profit jump as it was boosted by strong inflows.The company said adjusted profit before tax for the year to 30 September was £77.5m, a 10.7 per cent increase on the previous year.last_img read more

September 4, 2021

Private equity giant Bain Capital drops out of race to buy FTSE 250 plastic-maker RPC

first_img Share US private equity giant Bain Capital has dropped out of the race to buy FTSE 250-listed plastic maker RPC.RPC said this morning that the pair had “mutually agreed to terminate discussions”. James Booth whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoAffluent TimesLily From The AT&T Ads Is Causing A Stir For One ReasonAffluent TimesUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndoFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndo RPC said its adjusted profit before tax fell two per cent to £188.9m in the six months to September 2018.Revenue for the six months was £1.892bn, a seven per cent increase on the same period last year. Read This NextRatings: Networks Stalemate With 4-Way Tie Despite ABC’s ‘Holey Moley’ andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamour’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?Vegamour’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap whatsapp Private equity giant Bain Capital drops out of race to buy FTSE 250 plastic-maker RPC Discussions with Apollo Global Management “remain ongoing”, RPC said this morning.RPC’s share price fell 4.1 per cent to 687p this morning.According to takeover rules Bain and Apollo had until 5pm today to either announce a firm intention to make an offer for RPC or announce that they do not intend to make an offer.RPC have asked the takeover panel for a deadline extension in the light of ongoing talks with Apollo, which now has until 5pm on 21 December to make a firm offer or walk away.Last week RPC announced its profits had dipped slightly. Tags: Private equity Monday 3 December 2018 7:43 amlast_img read more