RSA bid for Aviva units “not dead”

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: NULL RSA bid for Aviva units “not dead” Friday 20 August 2010 5:59 am Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo whatsappcenter_img Show Comments ▼ Share whatsapp John Dunne IGNIS Asset Management, an institutional shareholder in both Aviva and RSA, said a deal between the two insurers remained possible although RSA would have to raise its bid proposal for some Aviva units.Ignis owns roughly 0.5 per cent of Aviva’s share capital and around 1.5 per cent of RSA’s share capital.RSA said it was open to talks with Aviva after it rejected RSA’s £5bn bid proposal for some of Aviva’s main general insurance businesses.“I think the deal definitely remains possible,” Ignis Asset Management investment manager Martin Brown said.Brown said RSA’s approach undervalued the Aviva businesses.However, he added RSA would not necessarily have to raise its bid approach by much in order to oblige Aviva to put the proposal to its shareholders and for a deal to remain accretive for RSA’s own shareholders.“There’s no reason for the deal to be dead other than for RSA to be unwilling to pay more, but RSA would not have to raise its offer by much for Aviva to be obliged to consider it. “A ten per cent increase might be enough to persuade Aviva to consider it, or to oblige Aviva to put it to its shareholders.” last_img read more

Service sector activity in new slump

first_img Share John Dunne by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan Service sector activity in new slump Tags: NULL whatsapp center_img whatsapp Show Comments ▼ Service sector activity grew last month at its slowest pace since April 2009, with a marked fall in hiring as employers worried about an economic slowdown and public spending cuts, a survey showed.The headline Markit/CIPS services purchasing managers’ index dropped to 51.3 in August from July’s 53.1, a much sharper fall than the decline to 52.9 forecast in a Reuters poll.The downbeat services reading follows bigger-than-expected falls in the PMIs for manufacturers and construction, though all are still above the 50 line that divides growth from contraction.Markit said the three surveys suggested that British GDP growth slowed to 0.5 per cent in the third quarter from a nine-year high of 1.2 per cent the quarter before.“While a double dip recession remains unlikely, the survey suggests that the risk has increased and that growth looks set to be slow and choppy going forward,” said Markit chief economist Chris Williamson, in similar language to that used last month by finance minister George Osborne.Almost all private sector economists believe the previous quarter’s exceptional growth was a one-off caused by weather-related disruption in the first quarter, and the key question is how fast growth slows thereafter.A stalling recovery in the United States and hefty public spending cuts in Britain and most of the euro zone mean many economists expect quarterly growth to slow to well below a trend rate of around 0.5 percent.These fears have spread to the service sector companies in the PMI survey, which excludes retailers and public sector employers but not businesses reliant on government work.The services PMI expectations component has barely risen from the 15-month low hit in June, and the employment component fell sharply to 46.9 from 49.7, touching a 10-month low. New business came in at its slowest pace since June 2009.“Worries over the impact of government spending cuts and the scheduled rise in VAT early next year continued to undermine sentiment,” Markit said.Osborne plans to raise value-added tax on most goods and services to 20 per cent in January from its current rate of 17.5 percent, on top of budget cuts of 25 percent to most government departments over the next four years.However, the survey brings good news for the Bank of England, which hopes the weak economic environment will enable inflation to fall back to its two per cent target without the need for interest rate rises.Competitive pressures and discounts to boost sales meant firms barely raised prices in August, with the increase the smallest since April. This was despite higher wage and utility bills causing firms’ costs to rise at their fastest since May.IT and computing was the strongest sector in August, while indices for the larger ‘business services’ category declined. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller 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.orgWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Friday 3 September 2010 4:45 amlast_img read more

Halfords says finance director to take over the reins at Dunelm

first_img whatsapp Show Comments ▼ KCS-content Wharton will leave the company on 30 November but before his departure he will present Halfords’ interim results and oversee the renewal of its banking facilities.Chief executive of Halfords, David Wild, said Wharton had “played a central role in Halfords’ transition from a subsidiary of Boots, through private equity ownership to become a growing and successful plc”.Meanwhile Dunelm yesterday reported a rise of 46 per cent in pre-tax profit to £76.8m in the year to 3 July. Dunelm is the third largest firm in the £12bn UK homewares market with 106 stores. Current chief executive Will Adderley will remain on the board of Dunelm and advise on strategy. Halfords says finance director to take over the reins at Dunelm whatsapp center_img 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 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof HALFORDS group finance director Nick Wharton is to leave the cycle and motoring retailer to become chief executive of budget home furnishing chain Dunelm Group. Thursday 16 September 2010 8:26 pm Sharelast_img read more

Default risks keep cost of lending high

first_img whatsapp Share Sunday 19 September 2010 10:44 pm KCS-content Show Comments ▼ whatsapp AN INCREASE in financial institutions’ perceived riskiness and their need to shore up balance sheets in the wake of the credit crisis has kept the cost of borrowing high despite the Monetary Policy Committee (MPC) slashing headline interest rates to historic lows, the Bank of England will say today in its latest quarterly bulletin.Despite improvements in their capital and liquidity positions, lenders are struggling to raise funds in the long-term wholesale debt market at pre-crisis rates because market participants are still demanding significantly greater compensation for the credit risk associated with long-term exposures to lenders, the report said.The end result is that interest rates charged on mortgages have fallen much less than cuts in the Bank’s key policy rate to 0.5 per cent.The recession and associated increase in unemployment has also caused an increase in the number of borrowers missing interest payments, requiring banks to raise their estimates of the number of defaults and hike their lending rates accordingly.The Bank’s analysts Richard Button, Silvia Pezzini and Neil Rossiter think it likely that lenders have increased their mark-up to improve the profitability of extending loans and increase institutions’ capital. Such an increase could improve lenders’ profitability and – if those profits were retained – enable them to increase capital, they said.They argued that an increase in capital is desirable providing “it does not unduly constrain the supply of credit to households and businesses”. Both households and small and medium enterprises have found access to credit extremely difficult since the onset of the financial crisis.However, an improvement in lenders’ capital positions should eventually reduce the price of lending: “Building up higher levels of capital in the banking sector reduces the likelihood that lenders will default. This should lower market participants’ perceived riskiness of the lenders and corresponding lenders’ marginal funding costs, enabling them to reduce the price of new lending to households,” they added.Elsewhere, the Bank said the recent recovery in world trade suggests the financial crisis has not inflicted permanent damage on the links connecting the global marketplace. 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe 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.comPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-Today Default risks keep cost of lending high Tags: NULLlast_img read more

Experian buys Mighty Net in £133m deal

first_img Share Credit information company Experian has bought US peer Mighty Net Inc for $207.5m (£133m), in a deal which Experian said would consolidate its market leading position in the United States.Mighty Net, which was founded in 1996, provides online services to US consumers interested in managing their credit behaviour.As of 30 June 2010, Mighty Net had approximately 680,000 subscribers in the United States.The company, whose brands include the CreditReport.com, CreditScore.com and MyCreditScore.com websites, had 2009 revenues of $115m and earnings before interest and tax of $28m.Experian said it expected to increase the revenue per member among Mighty Net’s subscriber base and was targeting savings of around $4m from the deal in the year to March 2012 and savings of $5-6m in the following year. John Dunne Tuesday 21 September 2010 3:35 am Experian buys Mighty Net in £133m deal Show Comments ▼center_img whatsapp Tags: NULL 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com 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 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more

John Laing rules out seeking new LSE stock listing

first_imgMonday 4 October 2010 9:15 pm Share Tags: NULL whatsapp whatsapp More From Our Partners Killer 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPuffer fish snaps a selfie with lucky divernypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe 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 Timescenter_img KCS-content Show Comments ▼ John Laing rules out seeking new LSE stock listing construction company John Laing is not seeking a flotation, its chief executive said yesterday, denying a report it was eying a £600m London Stock Exchange listing by end of 2010.“The company is not being floated, I can tell you categorically,” Adrian Ewer said, after describing the report as “total rubbish”.Separately, an article published last week by trade magazine Infrastructure Journal said John Laing, which is owned by fund manager Henderson Group, was looking to tap public equity markets via a float of an infrastructure fund.“The company first thought about this notion in 2005 and has been thinking about it ever since. It is something that at some point in time the company may do,” Ewer said. “That is just part of the way in which we might recycle capital to invest in new infrastructure projects,” Ewer said, declining to give detail on the sum the company would seek to raise. last_img read more

Bank of Japan cuts interest rates to zero

first_img Share More From Our Partners Russell 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal 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 THE JAPANESE government bond yield curve steepened yesterday after the Bank of Japan (BOJ) launched an asset buying scheme, while super-long yields rose on disappointment it was not more aggressive about buying debt.The BOJ also cut interest rates to near zero and pledged to keep rates effectively at zero until prices were seen stabilising. Such a commitment was expected to help support short to medium-term bonds. In addition, since yields on such sectors are already very low, it may also help prod investors to buy long-term Japanese bonds such as 10-year bonds, market players said.“The time horizon for keeping interest rates low was extended and clarified … and that will make it easier to buy short and medium-term JGBs [Japanese government bonds],” said a dealer for a Japanese brokerage house. Tuesday 5 October 2010 8:10 pm KCS-content whatsappcenter_img whatsapp Show Comments ▼ Bank of Japan cuts interest rates to zero Tags: NULLlast_img read more

Housing starts rise again in US

first_img Tags: NULL Housing starts rise again in US KCS-content whatsapp Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe 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 whatsappcenter_img Show Comments ▼ More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice 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.org Share US HOME construction scaled a five-month high in September, another sign the housing market decline is bottoming, though permits for future building fell.While the data was encouraging, housing starts remained at depressed levels and added to the case for more monetary stimulus to shore up the sluggish recovery. Housing starts advanced for a third straight month, gaining 0.3 per cent to a seasonally adjusted annual rate of 610,000 units in September. August starts were revised up to a 608,000-unit pace from 598,000 units. Tuesday 19 October 2010 7:59 pmlast_img read more

Bank of England’s Tucker is upbeat on UK economy

first_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDaily Finance StoriesChrissy Metz, 40, Shows Off Massive Weight Loss In Fierce New PhotoDaily Finance StoriesLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Health whatsapp Share Bank of England’s Tucker is upbeat on UK economy 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 center_img whatsapp Wednesday 17 November 2010 8:09 pm Show Comments ▼ PARTS of Europe are experiencing difficulties but Britain’s economy looks in better shape now than it was a few months ago, Bank of England deputy governor Paul Tucker said yesterday.In an interview with BBC Radio Oxford, Tucker struck a cautiously upbeat tone and reiterated the central bank’s commitment to bring “uncomfortably high” inflation back to target. “The world is still a hazardous place and there are obviously difficulties around Europe. But I think the UK is in a better position now than perhaps it was a few months ago,” Tucker said.Tucker said the government’s action to cut the budget deficit had taken away some of the risks to the macro-economic outlook, and noted it had been widely welcomed by the business community.The action that has been taken to put the UK public finances on a better footing over the next few years provides some insulation for our economy,” he said. He said businesses were “mildly optimistic” on the future. Tags: NULLlast_img read more

National Grid expects record gas usage to ease this week

first_img whatsapp Monday 20 December 2010 9:04 pm National Grid expects record gas usage to ease this week 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org THE NATIONAL Grid has reassured customers that gas and electricity supplies are more than enough to meet demand, despite record usage yesterday forcing it to issue a supply alert.The utility issued a gas balancing alert for yesterday and today, which allows its to redirect power from industrial users to help fuel homes and switch electricity generation from gas to other fuels in an effort to keep a constant power supply. This is the first such alert to be issued as early in the winter as December.Demand for gas is thought to have passed 468m cubic metres (mcm), slightly above forecasts on Sunday of 465.8mcm and well above the previous record of 465.5mcm seen in January this year. The National Grid said usage was likely to be slightly less today and for the rest of the week, as companies start to close down for Christmas. “A gas balancing alert is a routine market tool and should not be a cause for concern,” said network operations director Chris Train.Utility firms Centrica and National Grid helped push the FTSE 100 up 0.3 per cent yesterday to 5,891.61. KCS-content Sharecenter_img 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Show Comments ▼ Tags: NULLlast_img read more