Investors jittery after bleak US data

first_img Investors have been avoiding riskier assets amid growing concerns about slackening growth in the US economy.Globally, equities were lower, with Europe giving up early gains. Bleak data from the US, with jobless claims at a nine-month high and the first contraction in a year in a volatile regional manufacturing index, has made the markets more jittery. “The latest data out of the US sparked a flight to quality by reviving fears of a double-dip recession, with investors seeking refuge into safer government debt,” Louis Capital analyst Bertrand Michaud said.Like others, he suggested markets would be waiting for the end of the northern hemisphere’s summer to get a clearer picture on where the world’s economy and markets were heading.World stocks were down more than half a per cent on the day, according to Thomson Reuters data.The pan-European FTSEurofirst 300 was down 0.5 per cent. John Dunne whatsapp More From Our Partners A 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.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com Share Investors jittery after bleak US data whatsapp Show Comments ▼ Friday 20 August 2010 6:38 am Tags: NULLlast_img read more

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The old guard offers Osborne advice

first_img whatsapp The old guard offers Osborne advice Share whatsapp Economies are pretty resilient things. Of course output can decline extremely sharply as a result of negative shocks – and the British economy shrunk 6.4 per cent in 2008-9 as a result of the world financial crisis and subsequent recession. But at some point they do usually bounce back to decent growth rates, particularly if you are lucky enough to get decent employment rates. That is the good news.The trouble is that the length of time it takes and the pace of that recovery is very uncertain, and is not under the control of anyone. And that is news to make you nervous not only if you are tending to a business on the edge or searching for a job, but if you are the chancellor tasked with making sure the economy comes right in time to win you the next election.Of course this last is never explicitly stated, but that is what all George Osborne’s colleagues are expecting of him. Indeed he needs to pull it off a lot faster if the Coalition is to hold. Bewitched by the lure of power, the Liberal Democrats have supported very tough fiscal policies despite having stood full square against them in the general election. But that support won’t hold for ever if there are no visible signs that the pain is going to be worth it.IT’S ABOUT THE WORLD NOT THE UKSo much can go wrong with economic recoveries. The world economy is the most important factor for a medium sized, open economy like the UK. So if the US falters, if the German obsession with fiscal consolidation rather than growth is too strong, if the Greek crisis does spill-over to Portugal and Spain, if China stalls, then however low our exchange rate, a booming export led recovery to save the day will not materialise. And then there is that elusive driver of domestic demand that Keynes called animal spirits, and that business and the city usually call “confidence”. Osborne staked the house on some old fashioned, pre Keynesian economics in his first Budget. He bet that getting down spending fast to reduce the deficit would allow interest rates to stay low, would get the thumbs up from international markets and would convince business decision makers that now was the time to invest, to expand, to hire. In other words he bet that this strategy would boost not dent confidence.For Osborne this course of action was not a risk at all. Broadly speaking most Conservative economic thinking sees the deficit and debt as the root of virtually all our economic problems. In the Tory version of history the harsh Budget of 1981 was not an event that prolonged and deepened the degree of recession, but the vital ingredient in the strong growth later on in that decade. The lesson is cut and cut fast whatever the external circumstances.The trouble is that while the public have never bought into the concepts of Keynesian economics (every mythical housewife knows you pull in your belt when in debt, you don’t spend more), they know bad times coming when they stare them in the face and that is what they seem to feel the first Osborne Budget offered them.CUTTING FOR RECOVERY?It was a categorical rejection of the idea that the state has any role in supporting demand through fiscal policy. Instead, to bring down the deficit swiftly, thousands of jobs are to go – directly in the public sector and indirectly from the firms which supply them and from the consequent fall in spending power. And VAT is to go up steeply.And to add to that this week Martin Weale, the newest member of the MPC, has said there is still a real risk of a double dip recession while centre-right think tank, Policy Exchange, has claimed that inflation may take off forcing interest rates to rise to eight per cent. No wonder confidence indicators are not looking healthy.George Osborne and his team will be sweating over each and every economic statistic, looking for signs of life and momentum. They may pull through and he will be a hero. Or he may just prove that you cannot cut your way out of a recession. Both the economy and the future politics of Britain will be heavily influenced by the gamble he has taken and by events he cannot control. That indeed is the lot of a chancellor.Dan Corry, ex-senior adviser on the economy to former Prime Minister Gordon Brown KCS-content center_img Wednesday 25 August 2010 8:42 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell 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.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Show Comments ▼ Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoHero WarsBig Boss of internet games!Hero WarsUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndoWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUndolast_img read more

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Fresh appetite for mini-metal LME contracts

first_img Major London Metal Exchange brokers are taking a belated interest in the previously dormant LME mini metal contracts, metals industry sources said yesterday, adding the contracts may yet take off.The news comes ahead of plans by the LME and the Singapore Exchange (SGX) to launch copper and zinc cash-settled minis cleared through SGX by the first quarter of next year – part of the LME’s bid to increase its footprint in Asia.The LME originally launched small-size, cash-settled, monthly copper, aluminium and zinc futures contracts in December 2006, with one contract or lot equivalent to five tonnes as opposed to 25 tonnes for the parent contracts. They traded on the LME Select system.According to one source, the uptick in interest in the original mini contracts is primarily due to changes in trading conditions and rules since then.“For the initial launch of LME minis in 2006, only a very few clients plus traders could access mini prices on LME Select, [so] critical mass was not reached,” he said. “The situation today is different – the inclusion of electronic market-makers, proliferation of client access… it’s likely the LME mini will take off.”Another reason for renewed interest is that brokers have become aware of certain advantages to trading the contracts that were not in place before, the source said.For example, the LME recently removed the “order execution limit”, or the limit on the ratio of orders to trades for the minis, he said.FAST FACTS | LME Established more than 130 years ago, the LME is the world’s premier non-ferrous metals market offering futures and options contracts.In 2009 the LME achieved volumes of 111.9m lots, equivalent to $7.41 trillion annually. Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo whatsappcenter_img Share whatsapp Fresh appetite for mini-metal LME contracts KCS-content Monday 1 November 2010 7:43 pmlast_img read more

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Theo Fennell narrows losses

first_img Share whatsapp KCS-content Show Comments ▼ Tuesday 9 November 2010 8:29 pm Tags: NULL center_img Jeweller Theo Fennell yesterday posted a narrower first-half pre-tax loss as its turnaround strategy began to pay off and said it was well positioned to return to profitability. The jeweller, used by celebrities including Elton John and Naomi Campbell, launched a new lower-priced silver range last month, which it said had been well received. For the March to September period, the company posted a pre-tax loss of £877,330 compared with a loss of £1.1m a year ago. The company said its shop in the Royal Exchange in the City was among those with a loyal client list. Chief executive Barbara Snoad said: “The new range is helping us and people are willing to buy quality items at a reasonable price.” 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 Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Theo Fennell narrows losses 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 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 whatsapplast_img read more

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Riley’s Daisy telecoms group hopes to reach profitability within two years

first_img Show Comments ▼ Riley’s Daisy telecoms group hopes to reach profitability within two years More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com whatsapp whatsapp Tuesday 7 December 2010 8:04 pmcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Share KCS-content TELECOMS firm Daisy Group yesterday said it hoped to break into profit by 2012 or 2013 despite reporting a first half loss of £9.8m, wider than the loss of £2.1m it booked last year.The group reported a four-fold increase in revenues to £120m but made losses because of its heavy acquisition and amortisation costs.The company, known for its buy-and-build strategy, has bought out 36 of its competitors since founder and chief executive Matthew Riley started the business in 2001. When asked if Daisy was looking to acquire further competitors after the recent acquisitions of SpiriTel and NEG MBO Two, Riley said yesterday: “Exciting times are ahead.” While many analysts praised Daisy’s revenue gains, finnCap’s Andrew Darley advised investors to sell Daisy shares. He said: “Unlike KCOM – a listed comparable company – Daisy does not offer a dividend and has a higher risk profile at a similar valuation.” Despite this, Darley is optimistic for Daisy’s plans to expand into public sector phone systems regardless of the coming budget cuts. Tags: NULLlast_img read more

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Tyrie calls for FSA to reveal RBS findings

first_img whatsapp Tags: NULL Tyrie calls for FSA to reveal RBS findings KCS-content Tuesday 14 December 2010 9:32 pm Share Show Comments ▼ whatsapp THE FSA is expected to release a public summary of its investigation into stricken bank RBS, after an influential MP wrote to chairman Lord Turner demanding a fuller account.Andrew Tyrie, the Conservative chairman of the Treasury select committee, said it was “crucial to learn the lessons” from the “catalogue of mistakes” that led to the huge taxpayer-funded bailout of RBS. The FSA conducted a lengthy probe into the rescue of the Scottish bank, which is now 70 per cent owned by the state after almost perishing in the financial crisis. The report cleared former chief executive Fred Goodwin of any wrongdoing, but the FSA came under fire after it said it could not make its findings public for confidentiality reasons.Goodwin has already said he has no objection to the details being published.While Tyrie acknowledged that the Financial Services and Markets Act restricts the FSA from publishing details relating to individuals without their consent, he said the watchdog could still release a summary of its findings. He said: “The FSA have assured us that they have conducted a thorough investigation. We need to see it.” Pressure also came from a cable released by Wikileaks yesterday that claimed current RBS chairman Sir Philip Hampton said the bank’s directors had failed to live up to their “fiduciary duties”, contradicting the FSA’s announcement that exonerated them last week. Hampton is said to have told visiting politicians that one of the biggest mistakes made by the bank was its ill-timed takeover of ABN Amro.RBS and the FSA yesterday declined to comment on whether any of the watchdog’s findings would now be made public. 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 last_img read more

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BofA pays out $2.8bn to ease mortgage row

first_img KCS-content Monday 3 January 2011 11:19 pm whatsapp Share BofA pays out $2.8bn to ease mortgage row Tags: NULLcenter_img 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof BANK of America shares soared yesterday on news it had agreed to pay Fannie Mae and Freddie Mac $2.8bn (£1.8bn) to settle claims it sold the mortgage companies bad home loans.Bank of America shares rose 6.37 per cent to $14.19 on the New York Stock Exchange. The deal triggered hopes that other banks may soon make similar settlements, and shares of Citigroup and JPMorgan Chase & Co also rose.Investors have feared for months that Bank of America would have to buy back billions of dollars of home loans it sold to investors at the height of the housing boom.The agreement with Fannie Mae and Freddie Mac resolves the bulk of Bank of America’s exposure to those government-sponsored enterprises (GSEs), but probably means the bank will post its second straight quarterly loss when it announces fourth-quarter earnings on January 21.Bank of America said it would set aside $3bn in the fourth quarter to help cover the Fannie and Freddie claims. It also said it expects to take a $2bn charge in the quarter to write down goodwill linked to its home loans and insurance business unit.Despite the settlement, the bank still faces more potential liabilities. 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 PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo whatsapplast_img read more

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Hedge fund hands £200m pay packet to its partners

first_img Show Comments ▼ KCS-content whatsapp whatsapp Hedge fund hands £200m pay packet to its partners More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comcenter_img Share EUROPE’S largest hedge fund, Brevan Howard, has shared more than £200m in pay between a small team of partners.The firm split £204m between 38 of its top partners, including co-founder Alan Howard, according to accounts filed at Companies House. A large allocation of the funds will go to Brevan Howard Services, the company which runs office costs and payroll for more than 350 staff employed by the company. Swiss reinsurer Swiss Re, which bought a 15 per cent non-controlling stake in the fund in 2007, will also benefit from the payment.The firm enjoyed a stellar year on its hedge funds, amassing £763.3m in fees, from which the company made a profit of £687.9m, according to figures for the year to March 2010. Sunday 9 January 2011 11:11 pm 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 PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo Tags: NULLlast_img read more

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UK’s retailers struggle with price inflation

first_img Read This Next’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 WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Tuesday 11 January 2011 7:47 pm KCS-content whatsapp Share UK’s retailers struggle with price inflation SHOPS are battling the effects of rising inflation, the British Retail Consortium (BRC) announced today.Shop price inflation hit 2.1 per cent last month, the group said, up from two per cent in November.The rate will concern consumers, but is “well below the wider consumer price index” (CPI) as retailers absorb the effects of rising prices, said the BRC’s Stephen Robertson.Competitive pressures have prevented companies from passing the full impact of price rises on to customers, recent surveys reveal.“Due to upward pressure on cost prices, retailers have had to work even harder to encourage cash-strapped customers to keep shopping,” added Mike Watkins of research group Nielsen.In November, CPI inflation reached 3.3 per cent in the UK, and is expected to hit four per cent in the next three months, according to ING.And across the Eurozone inflation has surpassed the two per cent target rate, jumping to 2.2 per cent as global commodity prices rise.Retailers’ food prices increased by four per cent in December, the BRC said. Despite rocketing global food prices, food inflation in shops remained the same as November’s rate.Last week global food prices reached a record high, particularly in sugar, edible oils, and some cereals, the United Nations revealed.Adverse weather is largely to blame, according to agricultural economist Douglas Southgate of Ohio State University.Drought has struck Brazil, as well as the wheat growing regions of Russia and Ukraine, while huge floods have destroyed areas of Australia.“And when a country bans commodity exports, as Russia did last year and more than three dozen nations did in 2008, it can drive global prices even higher,” Southgate warned.Meanwhile, petrol prices have surged further in the UK, approaching £1.30 a gallon.“The country’s small businesses are not just hard-hit by the recent VAT rise, but also by record high fuel prices which has come at the most fragile of times,” said John Walker of the Federation of Small Businesses. Show Comments ▼ whatsapp Tags: NULLlast_img read more

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Dunelm hit by tough Xmas

first_imgTuesday 11 January 2011 7:51 pm Share KCS-content Dunelm hit by tough Xmas by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHealthyTed Health Magazine10 Surprising Benefits of Bananas You Possibly Didn’t Know AboutHealthyTed Health MagazineAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmForge of Empires – Free Online GameIf You Like to Play, this City-Building Game is a Must-Have. No Install.Forge of Empires – Free Online GameElvenarIf You Need to Kill Time on Your Computer, this Fantasy Game is a Must-Have. No Install.ElvenarAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search AdsPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search AdsHero WarsBig Boss of internet games!Hero Wars whatsapp center_img HOMEWARE retailer Dunelm said it was cautious about the second half of the year due to the impact of tax rises and higher cotton prices, following a tough Christmas.Dunelm, which sells products like curtains, bedding, blinds, rugs and lighting, announced yesterday that like-for-like sales fell 1.2 per cent in the 26 weeks to 1 January. Total sales were up 8.5 per cent. Chief executive Will Adderley said: “Looking ahead we are facing a number of external factors in our market which could affect both consumer demand and bought-in costs for a period of time.” Show Comments ▼ Read This Next’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 WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap whatsapp Tags: NULLlast_img read more

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