Thomas Cook hit as Brits shun holidays

first_img whatsapp Share 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.comUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndo KCS-content TOUR operator Thomas Cook yesterday warned full-year operating profit would be at the lower end of forecasts after a slowdown in bookings as Britain’s emergency Budget forced holidaymakers into ditching their plans to go abroad.Europe’s second-biggest tour operator also said the impact from disruption caused by a volcanic ash cloud closing airspace in April and May had been worse than expected while unfavourable currency movements hit profits.Thomas Cook added that good summer weather and the World Cup had contributed to holidaymakers opting to stay in Britain.Chief executive Manny Fontenla-Novoa said: “The fine summer weather enjoyed over much of the UK and the uncertain economic environment have meant that bookings have been softer, which has resulted in lower margins.”He said the company now expected to make full-year EBIT (earnings before interest and tax) of between £404m and £405m compared with a consensus forecast among analysts of £415m. The total cost of the volcanic ash disruption is now expected to be £82m compared with the company’s previous forecast of £60m to £80m, he added.The company said its strategy will include concentrating in more upmarket holiday destinations on countries including Turkey. Four or five-star hotels account for more than 40 per cent of its business. That proportion will rise to between 54 per cent and 57 per cent next year, Fontenla-Novoa said. Tags: NULL 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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comcenter_img Wednesday 11 August 2010 8:27 pm Thomas Cook hit as Brits shun holidays whatsapp Show Comments ▼last_img read more

Rok chief dismisses Connaught parallel

first_img whatsapp Share KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost FunMisterStoryWoman files for divorce after seeing this photoMisterStory Rok chief dismisses Connaught parallel Sunday 15 August 2010 10:28 pmcenter_img Show Comments ▼ whatsapp THE chief executive of beleaguered construction firm Rok hit back at the weekend at comparisons between his company and social housing group Connaught, which has seen its share price collapse in recent weeks after a shock profits warning.Rok boss Garvis Snook told a Sunday newspaper that the two firms’ respective woes are “two totally different issues”, adding that his own company’s problems are confined to just one part of the business.His comments come despite forecasts that Rok will now be forced to post a dip into the red over the half year after making provisions to cover irregularities in its accounting. The company was previously expected to make £3m over the first six months of the year.A week ago shares in Rok almost halved in value in a single day after the group admitted that an accounting report had found financial irregularities in its plumbing, heating and electrical arm. Finance director Ashley Martin was subsequently suspended and is now thought unlikely to return to work with the group.Analysts are confident that if the problems are contained within just one facet of the company, shares will bounce back, but they warn that it will take several sets of solid results to restore confidence in Rok – particularly after the escalating problems at Connaught.Rok had expanded into other construction services four years ago, but the companies it bought out did not adopt its own accounting standards and software until October last year.Snook hired BDO Stoy Hayward to conduct a thorough appraisal of the plumbing division after an internal investigation shed light on the fact that it was making losses rather than a healthy margin. 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Tags: NULLlast_img read more

New data quells fears over fresh US recession

first_img Pending sales of previously owned US homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping dampen fears the economy could face a double dip recession.The data yesterday, including sturdy sales from US retailers last month, followed a report on Wednesday showing a surprising gain in manufacturing activity and suggested the economy retained some underlying strength.Investors appeared to agree earlier fears of a double-dip recession might have been overdone as they sold long-dated US government bonds and bought some stocks. The National Association of Realtors’ Pending Home Sales Index, based on contracts signed, rose 5.2 per cent in July from a month earlier. Analysts had expected the index, which leads actual sales by a month or two, to fall one per cent.Home sales have dropped sharply since a popular tax credit for home buyers ended in April and the surprise gain in pending sales raised hopes the sector could soon stabilise.A separate report from the Labor Department showed initial claims for state unemployment benefits dropped for a second straight week last week, slipping 6,000 to 472,000. New data quells fears over fresh US recession Tags: NULL Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity 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.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia whatsapp whatsappcenter_img Show Comments ▼ Thursday 2 September 2010 8:41 pm KCS-content 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Prooflast_img read more

AG Barr sees Irn-Bru fuel earnings surge

first_img John Dunne 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 whatsapp Show Comments ▼ Irn-Bru maker AG Barr has seen its profit and revenues fizz in the first half and is planning to sell more drinks south of the border through advertising campaigns. The Scottish drinks firm saw pre-tax profit rise 18.8 per cent to £16m from £13.5m the year before.Total turnover in the six months to 31 July rose 13.9 per cent to £119.2m compared with £104.7m in the same period of 2009. That was ahead of the guidance figure of £118m issued at the end of July.The Irn-Bru brand grew revenue by eight per cent with increased marketing investment in particular in the North of England.Barr’s exotic fruit drink brand, Rubicon – which it bought in 2008 – increasing sales by 37 per cent in the period.Chief executive Roger White said: “We want to get more sales in the south. We have a quality product at the right price. In Scotland Irn-Bru is drunk by everyone and we would like to see more people further south drinking it.” Tags: NULL Sharecenter_img whatsapp Tuesday 28 September 2010 2:50 am 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof AG Barr sees Irn-Bru fuel earnings surge last_img read more

AIG reaches deal with government on plans to pay back US taxpayers

first_img 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 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 AIG reaches deal with government on plans to pay back US taxpayers Show Comments ▼ Share KCS-content whatsapp Thursday 30 September 2010 10:13 pm AMERICAN International Group (AIG) laid out a plan yesterday that sets the company on a path for an accelerated payback of taxpayer bailout money, but also increases the risk for the government.The plan, which comes a little over two years after AIG was rescued from the brink of collapse, will see the Federal Reserve Bank of New York getting repaid in full and ending its involvement in AIG, leaving the company to deal with just the Treasury Department.The Treasury will convert some of its AIG securities into common shares, increasing its ownership stake to 92.1 per cent from nearly 80 per cent. That stake will be sold off over time.The Treasury will also effectively buy out the Fed’s interest in two large AIG units that are being sold.Under the repayment plan, the Treasury will get about 1.66bn (£1.06bn) AIG common shares, worth $62bn at Wednesday’s closing share price, in exchange for the $49.1bn of AIG preferred shares it now holds. The deal is expected to close by the end of the 2011 first quarter and will give taxpayers an instant paper profit of more than $10bn, showing the insurer is making progress in disentangling itself from the government and positions the company to tap the capital markets again. But at the same time, it increases the risk for taxpayers, as AIG draws down more of the funds authorised under the $182.3bn bailout and the government swaps preferred stock for common, which can yield a profit but also a loss if the company does not perform well. Tags: NULL whatsapplast_img read more

Banks face a grilling over foreclosures

first_img 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 KCS-content Share Show Comments ▼ Banks face a grilling over foreclosures Sunday 14 November 2010 10:11 pm whatsapp whatsapp BANKS under fire over their foreclosure practices face twin hearings in Congress this week, at which they will come under renewed pressure to find ways to keep borrowers in their homes.The hearings tomorrow and Thursday will include the first appearances by executives from major US lenders like Bank of America and JPMorgan Chase since the furore over sloppy foreclosure paperwork erupted in September.Banks are accused of using “robo-signers” to sign hundreds of foreclosure documents a day, a fiasco that has reignited public anger with banks that received billions of dollars in taxpayer aid during the financial crisis.Lenders will be pressed on whether the paperwork problems are further evidence that modifying loans is a better alternative to eviction.“Foreclosure should be the last option and we need to examine barriers to mortgage modifications,” said Democratic Senator Tim Johnson, who is expected to lead the Banking Committee next year.Other witnesses at tomorrow’s Senate Banking Committee hearing include Iowa Attorney General Tom Miller, who is leading a 50-state probe of foreclosure practices.Miller’s testimony will be closely watched. A settlement with lenders could include fines or commitments to loan modifications.Bank of America and JPMorgan were among banks that temporarily suspended foreclosures pending internal reviews of their practices, but have since begun to resume sales of foreclosed properties.Some lawmakers and consumer activists called in October for all lenders to institute a national moratorium on foreclosures, but they failed to gain traction due to fears it would further depress home sales and crimp economic growth. Tags: NULLlast_img read more

Survey: new rules will hit bank profits

first_img KCS-content NEW rules forcing banks to hold more capital could permanently depress profits and hit tax revenues and jobs, a survey has found.Liquidity buffers three times their present size will increase banks’ costs sharply and permanently reduce profit margins, according to the Evolving Bank Regulation study from business and tax consultants KPMG.The moves will affect government tax revenue, pension fund income and potentially the level of employment in the financial services industry, the report said.Global chairman of KPMG’s financial services practice, Jeremy Anderson, said: “Banks have recently returned to profitability following two or more years of heavy losses due to the economic crisis.“But the signs are that regulatory developments will introduce an era of permanently lower profitability.“The regulatory efforts are designed to ensure that banking is more stable and conservative than before, in order to protect the interests of individual depositors and avoid the risk of national bailouts.“Banks recognise the challenges – but the scale of regulatory reform is daunting. Lower profits are recognized as one potential outcome.”European and US banks face the greatest challenges in the next two years, while banks in the Asia Pacific region will have to deal with considerably less pressure, the report said.Partner in KPMG’s financial regulation practice, Giles Williams, said: “Despite the language coming out of the G20 around creating level playing fields, the reality may well be different. One thing though is for sure – banks have a major task to deal with the changes and are already channelling considerable time and resource into doing so.”KPMG said the new liquidity rules from the Basel Committee of Banking Supervisors would force companies to hold liquid funds in low risk, low return assets such as government bonds yielding very small returns, further reducing profitability. whatsapp Show Comments ▼ Share whatsappcenter_img Monday 22 November 2010 5:21 am Survey: new rules will hit bank profits Tags: NULL 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 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 TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutelast_img read more

US watchdog proposes swap trader regulations

first_img Tags: NULL whatsapp THE US futures regulator unveiled yesterday a key piece of its plan to toughen rules on trading in the vast swaps market, making clearer which firms will have to set aside more funds to cover their deals.After last-minute wrangling that underscored the strain facing agencies trying to implement the biggest financial regulatory overhaul since the Great Depression, the proposal defined which firms will be subject to capital and margin requirements as swap dealers and major swaps participants.An exempt commodity must have a book value less than $100m (£64m), have fewer than 15 swap counterparties, and less than 20 swaps as a dealer in less than a year. It is expected that only certain commodity hedgers can enter into swap agreements.The law also defines a “major swap participant”, or firms with large swap positions. The law also gives major swap participants status to participants with “substantial counterparty exposure” that may cause economic risk. whatsapp US watchdog proposes swap trader regulations Wednesday 1 December 2010 8:23 pm Show Comments ▼ Share KCS-content 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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.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 FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Congress meant this clause to avoid a repeat of AIG’s failure, caused by swaps and high leveraging. last_img read more

FTSE bounces in New Year rally

first_img Tags: NULL Tuesday 4 January 2011 9:09 pm POSITIVE economic news from across the globe saw a sharp rise in London stocks, with the FTSE jumping above the psychologically-important 6,000 barrier.It finished the day up almost two per cent at 6,013.87 – its highest close since the start of June 2008.And US markets also reacted positively after being reassured by the minutes of the Federal Reserve’s December meeting, which showed cautious optimism for the economic outlook. The Dow Jones Industrial Average closed 0.18 per cent higher at 11,691.18 after the announcement.“With the recent data on production and spending stronger, on balance, than anticipated, the staff revised up its projected increase in real GDP in the near term,” the minutes said.“Conditions in the labour market appeared to be improving on balance,” the Fed also recognised.However, the Fed still views progress towards its goals of maximum employment and price stability as “disappointingly slow” and shows no signs of reversing its programme of quantitative easing (QE2).“While the economic outlook was seen as improving, members generally felt that the change in the outlook was not sufficient to warrant any adjustments to the asset-purchase programme,” the minutes said Several members said they had a “fairly high threshold for making changes to the programme.”In the UK, exceptionally strong manufacturing data spurred market sentiment earlier in the day. Economists were predicting a decline in December’s factory activity, but it soared to a 16-year high.“The manufacturing sector ended 2010 in really good shape and made a healthy contribution to fourth quarter GDP growth,” said Howard Archer of IHS Global Insight, commenting on the purchasing managers’ index (PMI) results. Economists had expected the winter’s blizzards to hamper the resurgent UK manufacturing sector.Even the British housing market received some rare good news, as mortgage approvals unexpectedly increased in November to over 48,000, the Bank of England said. The stockmarket boost came after similar rises on Monday in the US, Europe and Asia, when London was closed for the Bank Holiday.Meanwhile, US data yesterday showed that American factory orders rose in November, surprising economists who had expected stagnation or even a fall in US manufacturing.US auto sales were also up in December, reaching their highest level for 16 months – far outperforming Wall Street expectations and indicating a strong recovery in the coming year. Vehicle sales exceeded 13m in the 12 months to December, closing a year in which car sales rose by 11 per cent — a strong turnaround for the formerly beleaguered industry. The stream of positive economic reports came ahead of the publication of the minutes of the Federal Reserve’s (Fed) December meeting. whatsapp Show Comments ▼ More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comcenter_img whatsapp Share 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 HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition KCS-content FTSE bounces in New Year rally last_img read more

De La Rue to be excluded from new Indian contracts

first_img 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack 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 Proof KCS-content whatsapp De La Rue to be excluded from new Indian contracts BRITISH banknote printer De La Rue will not be awarded new contracts to supply the Reserve Bank of India (RBI) in the near future, a source close to the matter said yesterday.That could harm De La Rue’s defence against an £895m approach from Oberthur Technologies, the world’s third biggest banknote maker. De La Rue rejected the approach from its French rival in December. De La Rue said in July there had been production problems at one of its paper factories. As a result, De La Rue has been excluded from contract wins with India in the near future.RBI is thought to be the customer which De La Rue said in November it could lose following problems with faulty banknote paper.A recent tender by India’s finance ministry for the supply of currency paper prompted predator Oberthur on Tuesday to ask De La Rue to provide clarity on its prospects of winning future business with RBI. Share whatsapp Show Comments ▼ Wednesday 5 January 2011 7:54 pm Tags: NULLlast_img read more