Betfair puts a £1.5bn float on the agenda

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo KCS-content whatsapp Sunday 12 September 2010 11:21 pm whatsapp Show Comments ▼ BETFAIR, the internet based gambling group, is on the brink of launching a highly anticipated initial public offering (IPO), valuing the company at £1.5bn. It is expected that the company, which is the world’s largest online betting exchange, will announce its move within the next fortnight. However, it is thought that details of the flotation have yet to be ironed out, including how the company will price its shares. It is also unclear whether Betfair is seeking fresh capital to help fund new expansion plans or if investors are looking to realise their holdings. Should Betfair go ahead with the listing, founders Ed Wray and Andrew Black, who together own a 25 per cent stake in the company, will come out as the biggest beneficiaries if they move to sell their stake. Other large shareholders include Japan based SoftBank, which bought a 23 per cent stake in Betfair four years ago for £355m. Similarly, Betfair’s management, including chief executive David Yu, along with staff and a number of private equity investors also own a large portion of the company’s equity.A spokesman for the gambling group said that widespread speculation over whether Betfair would launch an IPO has circulated the market for many years. He declined to comment on the imminent flotation.Five years ago, Betfair was on the verge of floating before the company’s board decided against it. The listing had been proposed for early 2006.As a result, former chief executive Stephen Hill stood down from his role as a protest to the move not to float.SoftBank’s 2006 investment into Betfair valued the company at just over £1.5bn. Betfair, which was set up by Wray and Black more than ten years ago, allows people to bet against one another rather than a bookmaker.In 2009, the company saw revenue grow by 27 per cent to £303m, while it generated before tax profits of £42.4m, marking an increase on 2008 when profits were £38m.The company has a substantial presence in Australia and last year bought TVG, the American channel that screens horseracing.GOLDMAN SACHSGOLDMAN SACHS, along with Morgan Stanley, has been appointed as financial adviser to Betfair as the online gambling company moves one step closer to launching an initial public offering (IPO). The investment bank first took a role at the table five years ago when Betfair mulled over whether or not it would float. It was joined at that time by Morgan Stanley.Goldmans has advised on a raft of related deals within the leisure sector this year, although a number of its clients delayed plans to float as market conditions remained challenging.Merlin Entertainment, operator of Madame Tussauds and Alton Towers, consulted Goldmans on its plans to launch an IPO earlier this year, which would have valued it at £2bn. But the entertainment group owned by Blackstone pulled back on its plans in the spring.Goldmans took a top role advising Amadeus, the travel and tourism firm on its April IPO, which valued the group at €1.36bn (£1.12bn). The bank is likely to have been joined by legal outfit Freshfields Bruckhaus Deringer as advisers on Betfair’s latest IPO consideration. Corporate partners Ben Spiers and Martin Taylor at the magic circle firm have remained key advisers to Betfair. Taylor advised Betfair in 2006 when Japan’s SoftBank took up a 23 per cent stake in the company for £355m. That deal valued Betfair at £1.5bn. Emma Sadowski More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Betfair puts a £1.5bn float on the agenda Share Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Tags: NULLlast_img read more

Reinsurance firms face up to price pain

first_img Reinsurance firms face up to price pain Monday 13 September 2010 7:33 pm KCS-content Tags: NULL REINSURERS are trying to stay confident about pricing prospects for 2011 in the face of a chorus of industry observers predicting price and earnings pain.At their annual Mediterranean meeting, the world’s biggest reinsurance players have once again vowed to maintain discipline in setting prices on the contracts for risk cover they provide to insurers, saying they won’t engage in a competitive race to the bottom.Munich Re, the world’s biggest reinsurer, predicted it would maintain stable prices overall on its portfolio of business to be renewed at the start of the year, and said some prices were even rising following the sinking of an oil rig in the Gulf of Mexico and earthquake in Chile this year.French reinsurer Scor also struck an upbeat tone, even as it acknowledged that clients were driving hard bargains.“We hope by January we can show renewals that are at least stable or slightly up,” Scor chief executive Denis Kessler said. But brokers, credit rating agencies and other industry observers, attending the Monte Carlo meeting in force, say 2011 is shaping up to be the third year in a row that property and casualty premiums will fall.Insurance companies, who pay reinsurers to take on their risks of big claims such as for hurricanes or earthquakes, are being flexible about how much reinsurance they are using, buying less of it when it costs more, said James Eck, senior credit officer at Moody’s.“Insurers don’t expect to pay more and there would be significant resistance to higher prices,” said Eck, adding that most insurers surveyed by Moody’s said they planned to buy the same amount or less reinsurance in 2011 than they did in 2010. Supply is another issue. There is a lot of excess capital available to reinsurers to write business with insurance clients, following the recovery of capital markets since 2009.“While excess capital is in the market there is no catalyst to increasing rates,” said Greg Carter of credit ratings agency Fitch. 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.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.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 Heraldcenter_img whatsapp Share Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapplast_img read more

Lloyds of London profit halves as claims rise

first_imgTuesday 28 September 2010 2:54 am Lloyds of London profit halves as claims rise John Dunne The Lloyd’s of London insurance market said its profit for the first six months of 2010 more than halved, hit by higher catastrophe claims and weaker investment returns.Lloyd’s had a first half pretax profit of £628m, down from £1.32bn in the same period last year, it said on Tuesday.Lloyd’s, which traces its origins back 322 years to a London coffee house where wealthy merchants sold shipping insurance, said it had to absorb more claims in the first half of 2010 than in any other six month period as a result of a string of catastrophes including the Chilean earthquake.The market was also hit by 15 per cent drop in investment returns as it switched to less risky assets in the face of volatile financial markets. 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?MisterStoryUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoTotal 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 ItUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Show Comments ▼ center_img whatsapp whatsapp Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: NULLlast_img read more

Castel denies bid talks with SABMiller

first_img Castel denies bid talks with SABMiller Tags: NULL KCS-content whatsapp Show Comments ▼ Thursday 7 October 2010 8:12 pm A SENIOR executive at French drinks group Castel yesterday denied reports that it was in talks to sell its African beer operations to global brewer SABMiller. A Deutsche Bank report on Wednesday said Castel was a natural target for SABMiller’s mergers and acquisitions ambitions, and a more compelling option than acquiring the Foster’s Group beer business in Australia.The report said Castel’s beer business could transform Africa into a truly significant growth driver for SABMiller if the French group’s controlling family were ever to put it up for sale. Shares in SABMiller, which brews Peroni, Miller Lite and Grolsch beers, rose slightly yesterday.Castel was founded in 1949 by nine brothers and sisters and is still run by its founding president Pierre Castel, 84, and despite his reduced involvement there has been no indication that the controlling family might sell. Share Analysts said a Castel link-up would make strategic sense with SABMiller strong in southern and eastern Africa such as Tanzania, Zimbabwe and Mozambique, and Castel in western Africa nations like Angola, Cameroon and Ivory Coast.“An acquisition of Castel would be an excellent strategic move for SABMiller, given the high margins and strong per capita beer consumption growth in Africa,” said analyst Simon Hales at broker Evolution Securities. 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 Times Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap whatsapp last_img read more

Air Partner wins DFID contract

first_imgMonday 11 October 2010 8:18 pm KCS-content Air Partner wins DFID contract whatsapp More From Our Partners Brave 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.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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Show Comments ▼ Tags: NULLcenter_img Share Air Partner is to become the sole provider of all passenger and freight air charter services for the government’s department for international development (DFID) for the next four years. The new contract, which is effective immediately, will see Air Partner provide logistical support to the DFID’s global aid assignments. It won the contract after a six-month tendering process. The DFID is responsible for humanitarian airlifts on behalf of the UK. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity 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.comHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Geniuslast_img read more

CityA.M. reader wins £1,000 of prize art works

first_img Tags: NULL CityA.M. reader wins £1,000 of prize art works KCS-content whatsapp CONGRATULATIONS to City A.M. reader Sarah Graves-Woods, a senior consultant at Oakleaf Partnership, who was on hand last night to select her winning art work up to the value of £1,000 from sponsor ING. ING Discerning Eye 2010 – an exhibition showing small works independently selected – opens to the public tomorrow at the Mall Galleries and runs until Sunday 21 November.The show is unusual in that it allows works by lesser-known artists to be hung alongside contributions from internationally recognised names. Among this year’s team of selectors was CityA.M.’s own feature writer Tim Barber. More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Show Comments ▼ whatsapp Share Tuesday 9 November 2010 7:19 pmlast_img read more

Five charged by FSA over insider deals

first_img whatsapp 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org KCS-content Five charged by FSA over insider deals FIVE people linked to a brokerage that was closed down by the Financial Services Authority (FSA) last year were charged with insider dealing yesterday.Blue Index, a contracts for difference (CFD) brokerage was closed down by the FSA in May 2009 just days after it was raided by police. The FSA has charged the five with 17 counts of insider dealing between October 2006 and February 2008. James Saunders, co-owner and director, and his wife Miranda were charged with seven counts of insider dealing relating to trading ahead of seven takeover announcements.Saunders has also been charged with three separate offences of disclosing inside information. And Saunders along with Christopher Hossain, a former senior trader with the brokerage, were charged with encouraging clients to trade CFDs in relation to two stocks. Hossain has also been charged with insider dealing ahead of a takeover announcement. Meanwhile, James Swallow, the other co-owner and director has been charged with three offences of insider dealing in relation to trading ahead of three takeover announcements. Adam Buck, a former Blue Index employee, has been charged with one count of insider dealing ahead of a takeover announcement. All five were bailed to appear at City of Westminster magistrates’ court on 20 December.The FSA has been intensifying its action against insider dealing recently. Its highest profit scalp to date being former Cazenove broker Malcolm Calvert who was jailed for 21 months in March. It currently has 11 cases waiting to go to trial in the next year. Tags: NULL Thursday 25 November 2010 8:15 pm Share Show Comments ▼ whatsapp last_img read more

THE TRUTH BEHIND THE BAILOUT IN IRELAND

first_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 PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com THE TRUTH BEHIND THE BAILOUT IN IRELAND KCS-content whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Share Tuesday 30 November 2010 8:39 pmcenter_img whatsapp SHORT of holding a gun to his head, how did the IMF persuade Brian Cowen to accept Ireland’s €85bn (£72bn) bailout, just hours after he denied the country was in financial trouble?Well, according to a new Taiwanese news animation, holding a gun to his head was exactly what it did.The same firm that showed how Tiger Woods’ wife may have looked as she (allegedly) chased after his car with a golf club, has turned its unique talents to hapless Ireland.The two minute video clip (available at: http://www.businessinsider.com/irish-bailout-taiwanese-animation-2010-11) shows Ireland’s history from the potato famine onwards through creepy 1990s-style computer animation.Glossing over The Troubles, the video cuts straight from starving migrants piling onto US-bound ships, to what appears to be a leprechaun finding the property bubble at the end of a rainbow. But then, alas, tragedy strikes. Brian Cowen, looking suspiciously less jowly than usual, is forced to sink the nation’s cash into the leprechaun’s pot to prop up the banks. Eurocrats force the bailout upon Cowen at gun point and put the tiger in the stocks. The clip ends with the poor leprechaun being kicked to death by an angry crowd of priests. A cautionary tale indeed, and perhaps a happier ending than we can expect in real-life.Interesting to note that the Irish government is portrayed as inept, greedy and borderline-corrupt, which is far more flattering than their perception in the eyes of the average Irishman. VERY SOCIAL NETWORKTHANKFULLY, not everyone is as down on the Irish economy as the Taiwanese. In fact, two entrepreneurs decided now is the ideal time to launch an Irish “business and social networking website” with the aim of “sharing of knowledge, job opportunities and networking”.“RendezVous353.com is especially appropriate during these challenging times,” said co-founder Richard O’Donnell, rather unconvincingly.“Like any decent Irish party, the launch saw a mix of good music, good company and good craic.” No doubt there was some drinking going on too – The Capitalist imagines there are probably some sorrows to drown.CAM GIVES IT 110 PCDAVID Cameron has obviously taken Barack Obama’s “lightweight” snub to heart. In an attempt to toughen up he seems to have adopted the trademark hyperbolic vernacular of a football manager. “We are going to give this 110 per cent,” he said of Britain’s hopes of hosting the next World Cup, in language even cockney wideboy Harry Redknapp would be proud of. “We are passionate about football and we can put on a really great show, we can have full stadiums, we have got everything that is necessary to make this work.”SNOW STOPS PLAYMeanwhile, Chelsea Football Club, where Chelsea striker Didier Drogba (left) plays, played the role of Christmas Scrooge yesterday, cancelling a party at Canary Wharf at which they had planned on giving away presents (as well as flogging hospitality tickets). While the Blues are stopping very little on the pitch at the moment, it seems that all it takes is a little snow to put the breaks on their festive spirit. Show Comments ▼ Tags: NULLlast_img read more

ANALYST VIEWS: HAS SPORTS DIRECT TURNED THE CORNER?

first_img ANALYST VIEWS: HAS SPORTS DIRECT TURNED THE CORNER? KATHARINE WYNNE| INVESTECWe place our forecasts and our price target under review, but continue to view a valuation which is more expensive than both Next [hold] and Debenhams [buy] on a lease adjusted basis as unjustified given the continuing concerns over corporate governance and the unresolved future financing arrangements.JONATHAN PRITCHARD| ORIEL SECURITIESThe underlying business here is in very good shape. The advertising campaign is clearly resonating with its core demographic. And its chief competitor JJB is struggling. This couldn’t be better timed as we now approach the London Olympics. The World Cup effect is quantified at £15m to £20m of earnings. FREDDIE GEORGE| SEYMOUR PIERCEThe company will continue to benefit from the demise of JJB Sports, which recently issued a profit warning. The company should be a beneficiary of the keep fit trends and forthcoming sporting events – for example the Olympics. We maintain our ‘buy’ recommendation and raise our price target to 165p from 150p. KCS-content Show Comments ▼ whatsapp Thursday 16 December 2010 7:53 pm Sharecenter_img Tags: NULL More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman files for divorce after seeing this photoMisterStoryDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionRest WowCouple Enacts Revenge Towards Neighbor Who Made Their Life HellRest WowZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldGameday NewsNFL Hall Of Famers Who Probably Don’t Deserve To Be In CantonGameday NewsMovie JewelExperts Draining Niagara Falls Never Expected This Dark DiscoveryMovie Jewel whatsapplast_img read more

FTSE 100 bounce back led by banks

first_imgThe FTSE 100 lifted in early trading today as banking stocks led the way.The recovery came after a poor session yesterday with the euro zone debt crisis casting a shadow over European markets.Citigroup upgraded HSBC to “buy” from “hold”, fuelling more confidence in the banking sector. Barclays also climbed as the London Stock Exchange opened. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald WarrenG whatsapp Show Comments ▼ Japan’s move was key to the buoying of markets as Portugal seemed to be teetering on the brink of a bailout, with euro zone kingpins Germany and France jittery over the country’s debt woes. Meanwhile Hong Kong shares rose overnight as North Asian markets outperformed others in the region, with optimism over economic growth and corporate activity offsetting investor concerns over euro zone debt. The Hang Seng reversed two days of declines, rising 0.99 per cent to 23,760.34. In UK economic data released today retail sales fell in December for the first time since last April as heavy snow and concerns about the economic outlook deterred consumers. The British Retail Consortium (BRC) said the value of sales dipped 0.3 per cent in December from a year earlier on a like-for-like basis, following a 0.7 per cent rise in November. The figures were released as high street heavyweight M&S reported a 2.8 per cent rise in like-for-like sales in the 13 weeks to 1 January, including a record day for food sales. However, it echoed the sentiments of other retailers, warning that austerity measures would mean 2011 would be a tough year. Tuesday 11 January 2011 7:45 amcenter_img To receive our free, mid morning update each week-day simply click here. FTSE 100 bounce back led by banks Share Investors were also cheered by news that Japan was considering buying about 20 per cent of euro zone bonds to be jointly issued later in January to raise funds to support debt-swamped Ireland. European stocks in general recovered as forecast-beating results from US aluminium major Alcoa – the first major company to report in the country’s earnings season – sparked hopes that the global economy was getting back on its feet. More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPuffer fish snaps a selfie with lucky divernypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tags: NULLlast_img read more