Michael Page sees profit rise as job market picks-up

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 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 WHITE collar recruitement specialist Michael Page said first-half profit climbed 42 per cent compared with last year as job flow in almost all markets, especially outside Britain, improved.Michael Page, which finds jobs for people in financial, accounting and legal services, said pre-tax profit was up to £61.4m in the six months to 30 June against £43.2m for the same period last year.Chief executive Steve Ingham said in a statement: “We delivered a strong performance in the first half of 2010, driven largely by greater permanent recruitment activity as confidence levels improved, leading to higher rates of job churn.“In the UK, continental Europe and North America, we have experienced improvements in job flow in virtually all markets,” he added.Job levels in the UK were largely flat, the company said and the improved job confidence and turnover over staff was largely seen in Asia and South America, where the company has sought to expand its business.Michael Page said there was evidence job market conditions in the United States were steadily improving and gross profit in the region was up by 29 per cent. whatsapp Monday 16 August 2010 3:24 am Michael Page sees profit rise as job market picks-up John Dunne center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyStudent SeaHilariously Relatable Family Photo FailsStudent SeaAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirrorautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comForbes14 Richest Black Billionaires RankedForbesTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Show Comments ▼ Share Tags: NULL whatsapplast_img read more

An Indian growth story

first_img An Indian growth story More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Thursday 19 August 2010 8:55 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading 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 Farm KCS-content center_img Show Comments ▼ whatsapp Share AFTER a shaky start, investors are finally seeing Essar Energy for the company it really is: a liquid, London-listed firm that is well-positioned to capitalise on India’s rapidly growing energy demand. Energy consumption will soar in India in future years: 45 per cent of households don’t have access to electricity, while those that do have a patchy supply (24-hour electricity is virtually unheard of outside the major cities). The average Indian citizen uses around 610 kilowatts of electricity a year – around a quarter of the per capita consumption in China. Despite its growth potential, nagging concerns still weigh on the stock, which has staged a recovery since falling seven per cent on its first day of trading but still changes hands for less than the 420p listing price (it closed at 406.8p yesterday). It still needs to appoint a fifth independent non-executive director to counter suggestions that its board is too close to Essar Group, the firm’s biggest shareholder. Only then will it get the respect it deserves. Tags: NULLlast_img read more

CITY VIEWS: HAS APPLE SPREAD ITSELF TOO THIN BY MOVING INTO TV PRODUCTS

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 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 Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 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 TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.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 HeraldUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndo Show Comments ▼ CITY VIEWS: HAS APPLE SPREAD ITSELF TOO THIN BY MOVING INTO TV PRODUCTS JIMMY SMALES | COMMONWEALTH BANK OF AUSTRALIA“I would never queue outside a shop for an Apple product. I don’t understand this need to be the first to get your hands on a product, and Apple is one of the worst for this. I consider using a computer as work, and I don’t like the idea of using it for fun such as watching TV.”UZMA EVENING | TENET GROUP“I’m quite open to buying Apple products, if they have a use. I only need a phone to make and receive calls, and I only need a TV for one purpose. My two teenagers would probably be much more keen than I am, though, as they’re a bit more tuned in to new technology.” whatsapp Share KCS-content whatsapp BARTOSZ WOJTOWICZ | NOMURA“I’m perfectly happy with Apple expanding, and think they get it right a lot of the time. I would love to have an iPhone, but my mobile phone network won’t offer them for another three months, so I’m stuck with my old phone.” Thursday 2 September 2010 7:33 pm Tags: NULLlast_img read more

Labour pulls ahead in polls

first_img The Labour party has pulled ahead of the Conservative party for the first time in three years, according to the latest ComRes opinion poll. The party is now on 37 per cent, two points ahead of the Conservatives. The most recent survey shows the party picked up three points from the previous poll taken just before George Osborne unveiled the government’s comprehensive spending review, suggesting public anger over cuts rather than public support for new leader Ed Miliband. 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Labour pulls ahead in polls Show Comments ▼ KCS-content Tags: NULLcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider Monday 1 November 2010 9:37 pm whatsapp Sharelast_img read more

Job loss doom and gloom will help nobody

first_imgTuesday 2 November 2010 9:27 pm whatsapp Job loss doom and gloom will help nobody Tags: NULL YESTERDAY, the Chartered Institute of Personnel and Development (CIPD) warned the government’s austerity measures would cause 1.6m job losses, adding to the doom and gloom that surrounds the spending review. But their analysis ignores key facts. The Lamont-Clarke fiscal squeeze in the 1990s resulted in 600,000 public sector job losses, but this did not prevent the longest expansion on record from becoming established. Yes, recovery was helped because the US and European economies were stronger then, but we have also seen a shift in the economic centre of gravity since, away from the west towards the east, which is growing fast.The spending squeeze under the first two years of the coalition is actually less than under the first two years of New Labour. The Brown fiscal squeeze (implementing the previous government’s spending plans for the first two years in office) at the end of the 1990s coincided with one of the fastest periods of GDP growth in the last 20 years. The private sector crowded in.The CIPD’s analysis is alarmist and risks talking ourselves into a double-dip recession. Their economist has admitted taking “soundings from public sector managers” to assess the scale of job losses. This is not an appropriate substitute for economic research. It is dangerous for the CIPD to make headline-grabbing forecasts which are based on little more than a guess. Nobody can be sure what the future holds, but recent economic history suggests projections of 1.6m job losses are hopelessly inaccurate.We should remember that the private sector was able to create 300,000 jobs in the latest quarter alone. Projected headcount reductions will take public sector employment back to the levels seen in the early to mid 2000s. Given the scale of deficit reduction required, this is not an unreasonable settlement. With an eight per cent turnover rate in the public sector (and a workforce of roughly 6m), most of the headcount adjustment could come through natural wastage instead of compulsory redundancy. Private sector employment growth is perfectly capable of absorbing the projected decline in public sector employment. A one per cent change in private sector employment is equivalent to nearly 250,000 jobs.In the wake of the financial crisis, GDP growth in this cycle is unlikely to match that seen in the 1990s. We think the recovery will look more L than V shaped, though possibly a square root shaped recovery with the second and third quarter spurt this year subsequently levelling off. However, saying that we won’t match the 1990s is not the same as saying it will be all doom and gloom. Weaker GDP growth is still compatible with private sector employment growth over the coming years.The UK economy faces a difficult period over the coming years. But if the government holds firm with the implementation of the spending review, long term growth and employment prospects will be significantly improved. However, if the coalition wobbles and the spending review begins to unravel, long term economic prospects will be very poor. If ministers now lose their nerve because of CIPD style headlines, bond holders could lose their shirt.Yes – the economy faces the longest sustained squeeze in public spending since the war, but we should remember that is after the longest sustained upturn in public spending since the war. Public spending is projected to fall to 40 per cent of GDP at the end of the spending review – hardly a small state. There is a real risk that unless we regain control of public spending now, we could lose it for a generation, as the rising costs of an ageing population add further upward pressure for tax and spend policies. The prize from public sector restructuring is a potential acceleration in both public sector and whole economy productivity.Doom and glooom headlines should not distract us from the prize to be had.Graeme Leach is chief economist and director of policy at the Institute of Directors More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.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.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼ Share whatsapp KCS-content last_img read more

A380’s forced landing hurts Rolls-Royce

first_img A380’s forced landing hurts Rolls-Royce whatsapp whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDirect HealthyKate Silverton’s PartnerDirect Healthythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Thursday 4 November 2010 10:55 pmcenter_img KCS-content More From Our Partners Native 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼ SHARES in Rolls-Royce, the aircraft engine maker and European Aeronautic Defence and Space (EADS), the parent company of Airbus fell sharply yesterday after Qantas grounded its entire fleet of A380s after an engine failure forced one of its aircraft into an emergency landing in Singapore. Qantas grounded the aircraft immediately after the superjumbo carrying 459 passengers and 29 crew was forced to land. Passengers reported hearing a “massive bang” before the aircraft turned back and Indonesian TV showed pictures of debris on the ground near Batam airport, which it said belonged to the plane. Qantas chief executive, Alan Joyce, said the Airbus 380, which had originally flew from London suffered a significant failure on one of its engines shortly after it left Singapore on route to Sydney. The airline has opened an investigation into what happened but in the meantime was taking no risks, he said. Qantas has six Airbus A380s, and three A380 flights were scheduled for yesterday, one originating in Sydney and two in Los Angeles, all of which were scrapped. The move also prompted Singapore Airlines to ground its fleet in order to carry out similar checks to those being carried out by Qantas.Shares in Rolls-Royce closed 4.8 per cent down in London at 622p, while EADS stock closed down 3.3 per cent €17.57 in Paris. Rolls-Royce responded to the incident by saying that it was already working with investigators to understand what had happened “As always the safe operation of our products is our number one priority,” it added.The incident is one of the most serious for the Airbus in three years of service. Tags: NULLlast_img read more

Hundreds of HSBC bankers enjoy 100 per cent salary increase

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Lifemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthWolf & ShepherdNFL Star Rob Gronkowski Loves These ShoesWolf & ShepherdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Share Hundreds of HSBC bankers enjoy 100 per cent salary increase Show Comments ▼ Tags: NULLcenter_img whatsapp Tuesday 16 November 2010 9:34 pm 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 SENIOR bankers at HSBC are to have their salaries doubled, as the bank attempts to head off a bonus row amid political pressure.The 100 per cent rise for hundreds of top bankers across HSBC’s global banking and markets (GBM) operations, including in the financial centres of London, Hong Kong and New York, will take immediate effect.The move comes as Treasury minister Mark Hoban urged banks to “think very carefully” about the upcoming round of bonuses, as the government seeks to quash extravagant City rewards during a period of public austerity.HSBC could use the move to avoid political tension and negative publicity over large bonuses, whilst simultaneously using the salary hike to placate bankers.The measures ensure the bank remains a competitive employer for top City workers, as many of its rivals, including RBS, have upped salaries over the past two years.The change also lifts pressure from the bank to provide top bankers with high bonuses. Senior staff have seen their personal cashflow squeezed, as annual bonuses have been deferred for several years, or have been paid in share options.The rebalancing of remuneration away from variable pay toward fixed salaries will also be welcomed by regulators, who have been urging banks to take a more sustainable approach to pay.HSBC had just two weeks ago complained about new bonus rules, which it said could force it to consider moving its London headquarters overseas.HSBC last night declined to comment. KCS-content last_img read more

High oil cost provides investment opportunity

first_img I am in the middle of reading a book from 2008 that predicted – almost – the unrest that we’re now witnessing in the Middle East and North Africa. In hindsight, perhaps many of us aren’t really that surprised at the turn of events – but I, for one, have been completely caught off-guard by the speed at which changes have been happening. For the fifth week in a row we have witnessed pretty substantial capital outflows from emerging market funds, but for how long will this continue, and what will the impact of the unrest be on developed markets? European sovereign debt issues still exist, and another round of tougher bank capital rules is also right around the corner (with some recommending that British regulators come down even harder on British banks than what is required from the European authorities.) On top of that, the price of oil has soared, and this alone is having a huge impact on market dynamics. Neil Dwane, chief investment officer for Europe for RCM, says that you should think of the spike in oil prices like a tax on global activity. “It costs more for all of us to do things when oil prices are high.” Starting during the fourth quarter of last year, investors started exiting emerging markets and putting money back into developed markets. Inflation has been heading up for quite some time now, and markets have been driven by the belief that we should be allocating out of bonds and back into equities, says Dwane. So if oil is moving higher, where are the opportunities? Dwane recommends looking closer at companies with technology that makes us more efficient, like alternative energy, and says there are a lot of firms that couldn’t compete when oil was at $50 per barrel, but now once again can compete with oil at $100 per barrel. He says that other clear beneficiaries could be the exploration and production companies (like BG Group, Tullow Oil, and Cairn Energy) for the simple reason that if they find oil in the ground, it is more valuable now that oil is at a higher price. Dwane also thinks that if oil prices remain high, policy makers will have to try to offset it. They could either do this through more quantitative easing (QE), or via growth supportive fiscal policies. If QE is big enough, Dwane says that the asset class to benefit the most in the longer term will be equities – as long, of course, as the extra QE doesn’t become inflationary. The FTSE 100 is up around 56 per cent (yes, fifty-six per cent…) over the past two years. Dwane thinks there is a good chance that the UK market will grow 10-20 per cent this year, with dividend growth being even better than earnings. So lots of opportunities to make money – despite all the fears and worries.Louisa Bojesen is a co-anchor of CNBC’s European Closing Bell. Sunday 6 March 2011 10:27 pm whatsapp Show Comments ▼ High oil cost provides investment opportunity Sharecenter_img whatsapp KCS-content Tags: NULLlast_img read more

Chariot to raise £90m to fund Namibia exploration

first_imgMonday 7 March 2011 8:34 pm More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp whatsapp Chariot to raise £90m to fund Namibia exploration Tags: NULL Share CHARIOT Oil & Gas said yesterday it expects to raise about £90m through a discounted share placing to help fund its exploration programme as it plans to drill its first well in offshore Namibia in late 2011. The Africa-focused oil and gas exploration company said yesterday it has placed about 36m shares at 25p each, an 18 per cent discount to the stock’s Friday close. “The funds will enable Chariot to participate in a minimum of two wells and conduct a further 5,000 square kilometres 3D seismic programme across areas of specific interest in the central blocks,” the company said in a statement. In July of last year, Chariot had said it expected to start production in 2013-14 after drilling its first well in offshore Namibia in 2011. Chariot Oil shares, which have risen 32 per cent since a resources update in January, lost 11.6 per cent to close at 270.5p yesterday. KCS-content Show Comments ▼last_img read more

Buffett’s Hathaway in $9bn deal for Lubrizol

first_img Tags: NULL Show Comments ▼ whatsapp Buffett’s Hathaway in $9bn deal for Lubrizol Billionaire Warren Buffett’s Berkshire Hathaway agreed to buy chemical and lubricant maker Lubrizol for $9bn (£5.5bn) in cash, two weeks after he revealed the company’s plans to use its huge cash pile on deals.“Lubrizol is exactly the sort of company with which we love to partner,” said the legendary investor.Last month, Buffett, in his annual letter to Berkshire Hathaway shareholders, said he is looking for acquisitions as an outlet to deploy his $38bn cash pile.Berkshire will acquire Lubrizol for $135 per share, about a 28 per cent premium to Lubrizol’s closing price on Friday.The deal, which is the largest by Berkshire in nearly six years, includes the assumption of $0.7bn of debt.In February, Lubrizol posted strong quarterly profit and issued a bullish forecast for 2011, signalling the demand for chemicals needed to operate engines and other machinery continues to recover with the economy.Lubrizol will continue to be led by its current management team, Berkshire said.Citi and Evercore Partners are acting as financial advisers to Lubrizol. whatsapp Monday 14 March 2011 7:52 am John Dunne Share 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap last_img read more