September 2021

House prices drop in London

first_imgMonday 16 August 2010 8:13 pm House prices drop in London Show Comments ▼ whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Sharecenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald KCS-content Tags: NULL London house prices dropped by four per cent in August, wiping out any gains made earlier this year, according to Rightmove. On average £17,000 came off London asking prices in August, the biggest drop in two years. The average London house price now sits at £405,058, falling back to January levels. Wandsworth and Brent fell by 6.2 per cent, with Newham declining by only 1.2 per cent, and Kensington and Chelsea falling by 1.7 per cent, in line with the national average. last_img read more

Foster’s wine in the sights of US private equity businesses

first_img whatsapp KCS-content Monday 20 September 2010 8:57 pm Foster’s wine in the sights of US private equity businesses Show Comments ▼ Tags: NULLcenter_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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof 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 PRIVATE equity firms Kohlberg Kravis Roberts and TPG have held early talks about teaming up to bid for the wine unit of Australian brewer Foster’s.The pair are yet to decide whether to proceed either together or separately, according to reports in Australia.In 2007, KKR and TPG united to take Texas-based Energy Future Holdings, formerly TXU, private in the largest leveraged buy out ever. The latest talks come after Foster’s rejected a private equity offer this month worth up to $2.5bn (£1.6bn) for its underperforming wine business, saying the bid was too cheap. Foster’s wants to continue with plans to separate its beer and wine businesses, with top brands including Penfold’s, Beringer and Wolf Blass, after spending around A$7bn (£4.2bn) buying wine assets at the top of the market.The wine business, rebranded as Treasury Wine Estates, is seen as attractive to buyout firms because of depressed earnings at the weak point of the wine-making cycle, and strong brands.TPG had held about 55 per cent of Beringer with some partners when it sold to Foster’s in 2000.Last year KKR bought the South Korean subsidiary of Oriental Brewery from Anheuser-Busch InBev. Meanwhile, SABMiller, one of the world’s largest brewers, was reportedly mulling a $10.9bn acquisition of Carlton and United Breweries (CUB), the beer making arm of Fosters Group Ltd. However, no official offer has been forthcoming. Share whatsapplast_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_img KCS-content Wednesday 22 September 2010 9:00 pm Share FINANCIAL TIMESSIEMENS PROMISES WORKERS JOBS FOR LIFESiemens’ German workers have struck a deal that will see their jobs secured indefinitely, in an arresting move that highlights how the financial crisis has triggered a fresh consensus between labour and management in corporate Germany. The engineering group said it had sealed an agreement with its works council and the IG Metall workers’ union that includes a pledge not to make any forced redundancies among its 128,000 German workforce.LOUIS DREYFUS EYES COMMODITY BUSINESS SELL-OFFSLouis Dreyfus, the French family-owned conglomerate that owns one of the world’s largest agricultural commodities trading houses, is exploring an initial public offering of some of its businesses, according to people close to the company.BANKS LOSE DOMINANCE IN LOANS TO COMPANIESThe banking crisis has led to a structural shift in the way UK companies fund themselves, with a greater share of funding coming from bond markets, according to a report from Standard & Poor’s. Bond markets have replaced banks to become the main provider of new debt financing on a net basis since the third quarter of 2008, according to the report, which is based on Bank of England data.AXIOM TELECOM PLANS DUBAI IPOAxiom Telecom, a UAE-based mobile phone retailer, plans to launch an initial public offering that could raise Dh200-300m ($54-$82m) for troubled conglomerate Dubai Holding , one of the retailer’s main shareholders. Bankers say that the Dubai-based distributor could offer a 30 per cent stake on Nasdaq Dubai.THE TIMESLEHMAN TO EXIT BANKRUPTCY EARLY NEXT YEARLehman Brothers could emerge from bankruptcy early next year, having returned more money than expected to its creditors, the Wall Street Bank’s liquidator said. In a statement to the US Bankruptcy Court in Manhattan, Lehman Brothers Holdings said that it was optimistic that its reorganisation plan would be ready for the court’s confirmation in early 2011.ADOBE REDUCES ITS REVENUE EXPECTATIONSThe leading software manufacturer said while demand for its flagship Creative Suite 5 (CS5) software program, which includes Photoshop, continued to be positive, sales in Japan and to its US education customers could be weaker than expected. At least three brokerages cut their ratings on Adobe’s stock to “neutral”.The Daily TelegraphFORMER DISNEY SECRETARY PLEADS GUILTY TO INSIDER TRADINGBonnie J. Hoxie used her position as secretary to Disney’s head of communications to obtain price-sensitive information. It has all the ingredients for a film but not one that family-friendly Walt Disney would typically make. FBI agents posing as hedge fund traders; confidential information about a corporate giant; a young woman on the make from Los Angeles.SAINSBURY’S RELAUNCHES £1BN TASTE THE DIFFERENCE RANGESainsbury’s looks to take on rivals Waitrose and Marks & Spencer using products aimed at people who are eating in more. J Sainsbury has radically relaunched its £1bn range of upmarket food as it looks to capitalise on the trend for eating in and steal market share from rivals.WALL STREET JOURNALNOVARTIS’ MS DRUG WINS US APPROVALThe Food and Drug Administration approved for sale the US market’s first oral drug to treat multiple sclerosis—a disease typically treated with more cumbersome injections and infusions—in another sign of the improving picture for MS treatment. The drug, fingolimod from Swiss pharmaceutical giant Novartis, is one of a group of new oral therapies being developed for MS. BOJ OFFICIAL SUGGESTS MORE EASING AHEADA Bank of Japan policy board member said Wednesday that the central bank would take action if downside risks to the Japanese economy materialise, suggesting the BOJ is inching toward a looser monetary policy stance amid growing concerns over the health of the global economy. 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 WHAT THE OTHER PAPERS SAY THIS MORNING center_img whatsapp More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Show Comments ▼ whatsapp Tags: NULLlast_img read more

City property debts could spark sell-off

first_imgTuesday 19 October 2010 7:34 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Tags: NULL whatsapp City property debts could spark sell-off whatsapp CENTRAL London’s real estate market could be flooded by properties in the next three years as around £47bn of property-linked debt becomes due, a director at CB Richard Ellis suggested yesterday. Mike Edwards, an executive director in central London capital markets, told CBRE clients yesterday that debt-laden landlords could be forced to sell off commercial property if the current sluggishness in the credit supply continues. “We estimate that 15 to 20 per cent of all real estate supply [in the last 18 months] has been triggered by some sort of financial distress. We expect it to be much greater going forward,” he said at a briefing.“Over the next 10 years there will be £94bn of debt maturing in central London, and half of that will be in the next three years.”Edwards said more property owners in the capital might turn to joint ventures to stave off sales. He told City A.M. on the sidelines of the briefing: “Equity could be provided by equity rich investors, from overseas, sovereign wealth funds, UK funds and real estate investment trusts, for example.” In a possible taste of things to come, the Maybourne hotel group is currently racing to refinance £610m of debt and avoid an asset sale, according to recent reports. The owner of the Claridge’s and Connaught hotels has until the end of the year to refinance. However, CBRE thinks the slew of property sales will do little to affect the upward pressure on commercial rents. Peter Damesick, chief economist for the EMEA region, said yesterday the move back to rental growth in London has been much quicker than in previous downturns, adding: “The market has not been suffering from an overhang of supply that we saw in the last recession.”Damesick said prime City rents have risen 25 per cent compared to this time last year. He added that the government’s spending cuts, to be announced today, were likely to “erode growth slightly”. He estimated around 8.1m square feet of office space is set to enter the market in 2013 to 2015 if all current developments are brought to completion, helping to ease supply pressure. Show Comments ▼ Share KCS-content last_img read more

City could be hammered by new EU short selling rules, says MEP

first_img Share Show Comments ▼ whatsapp Tuesday 16 November 2010 8:28 pm whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comcenter_img 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 TimesBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem KCS-content City could be hammered by new EU short selling rules, says MEP THE EUROPEAN Commission’s plans to regulate short selling have the potential to wreck the City’s reputation as a global trading centre, a London MEP said yesterday. Conservative MEP Syed Kamall said that, while the Commission consulted with industry figures widely before drafting the rules, European politicians hoped to strengthen the new regulation to stifle the market, disproportionately hitting the Square Mile. France and Germany wrote a letter to the Commission over the summer urging it to ban short selling of shares and sovereign bonds. “Short selling is socially useful,” said Kamall. “It is vital that we do not over-regulate the EU market, as those that operate here will not just take their short positions out of the EU but their long positions as well.” Tags: NULLlast_img read more

ABB secures Baldor for $3.1bn cash

first_img whatsapp whatsapp Tuesday 30 November 2010 8:08 pm 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 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 HIGH-TECH engineering manufacturer ABB has agreed a $3.1bn (£2bn) bid for US industrial electric motor maker, Baldor Electric Company.ABB will pay $63.50 per share in cash for NYSE-listed Baldor, a 41 per cent premium to Baldor’s closing price on 29 November. The deal values the company at $4.2bn, including $1.1bn of net debt.The deal is ABB’s first major US acquisition and fits with its strategy to both close a gap in its automation portfolio and strengthen its north American presence. The Swiss firm expects to generate more than $200m in annual synergies by 2015, more than $100m of which would come from annual cost synergies and the rest from global revenue synergies, it said.“Baldor’s product range and regional scope are highly complementary to ours,” said ABB chief executive Joe Hogan in the statement. ABB’s move was anticipated as it had said it was looking for acquisitions, in possibly the automation sector, or the US, and had accumulated a cash pile of $5.3bn at the end of its third quarter trading this year. ABB will benefit from Arkansas-based Baldor’s motor and control system ranges, including its high-efficiency motors and mechanical power transmission business.“We intend to build on Baldor’s excellent North American position to sell energy efficient drives, larger motors and generators,” said ABB Executive Committee member Ulrich Spiesshofer.Baldor, which was established in 1920 and now has about 7,000 employees, achieved 2009 sales of $1.52bn and net earnings of $59.8m.The deal has been unanimously approved by all shareholders, the companies said. Citi served as financial adviser to ABB and UBS Investment Bank served as financial adviser to Baldor. Sharecenter_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Show Comments ▼ ABB secures Baldor for $3.1bn cash Tags: NULLlast_img read more

Morgan Stanley plans bonus cut

first_img whatsapp Thursday 9 December 2010 9:04 pm Morgan Stanley plans bonus cut 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 PastNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan 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 NowHealthyGem whatsapp Sharecenter_img Morgan Stanley is planning to pay empoyees bonuses that are 10 to 30 per cent smaller this year, owing to volatile market conditions, it was reported last night. Several managing directors who oversee groups of employees have been informed of the bonus estimates, which are preliminary and subject to change in the coming weeks, one source said. The cuts are likely to hit traders and back office staff hardest, though the final figures won’t be revealed until January. Show Comments ▼ KCS-content More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tags: NULLlast_img read more

Santander sends wrong statements to 35,000 customers

first_img Thursday 23 December 2010 7:38 am Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Santander sends wrong statements to 35,000 customers Show Comments ▼ Share whatsappcenter_img SPANISH-owned bank Santander has sent 35,000 of its customers pages of other people’s bank statements in a printing glitch, it said.Customers were sent the first page of their own current account statement but further pages of other people’s, including their account numbers, names and transactions carried out.Santander insisted there was not enough information in the pages to enable anyone to defraud the people involved, but has written to customers affected and informed the regulator, the Financial Services Authority.“We are sorry for any inconvenience this has caused and have taken immediate steps to correct this,” said a spokesman for Santander, which has five million customers in the UK.“This is embarrassing and customers have every right to be upset,” he said. alison.lock 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 Tags: NULLlast_img read more

Lenders expect stable credit conditions

first_img Show Comments ▼ 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 HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Share Thursday 6 January 2011 6:56 am More From Our Partners A 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsappcenter_img Lenders expect credit conditions to remain broadly steady in the first quarter of 2011 but are bracing for a further drop in mortgage demand and slightly higher losses from mortgage defaults, a survey by the Bank of England showed.The central bank’s quarterly credit conditions survey highlights the continued reluctance among banks to extend credit at a time of deep public spending cuts and possible further falls in house prices.“Some lenders reported that availability had been dampened somewhat by expectations for house prices,” the survey noted. “Lenders commented that the outlook for house price inflation and the housing market more generally had weakened in the fourth quarter of 2010.”On the positive side, lenders reported they had increased the availability of credit to small businesses over the past three months and expected a further increase in the first quarter of this year.The government has been encouraging banks to lend more to small firms, many of whom have been badly hit by the recession and do not have access to the capital markets.Lenders reported that the default rate on mortgages had remained broadly steady in the fourth quarter of 2010 but losses due to defaults rose for the first time since the second quarter of 2009 and were expected to rise further.Default losses on corporate lending was expected to fall in the first quarter of 2010 for large and medium-size companies but to rise for small firms. John Dunne Lenders expect stable credit conditions Tags: NULLlast_img read more

BEST OF THE BROKERS

first_img whatsapp BEST OF THE BROKERS whatsapp KCS-content Show Comments ▼ 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 HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutecenter_img More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com TRAVIS PERKINSNumis raised the builder’s merchant to “add” from “buy” yesterday at a target price of 1,250p, expecting its acquisition of BSS to enhance its earnings per share by more than 13 per cent. The broker believes the combined group now looks cheap and supported by an improving industry backdrop, should continue to outperform.RICARDORBS rates the engineering provider “buy” with a £3.30 target price after a strong pre-close trading update yesterday that showed it has an £115m order book for the first half of 2011, a 25 per cent year-on-year rise in order intake. However, the broker now believes Ricardo could be at risk of being over-valued in forecasts.MARKS AND SPENCERPanmure Gordon rates the retailer “hold” with a 405p target price ahead of today’s trading update. Slight sales growth is expected in the last weeks of 2010, though it warns figures may fall short of forecasts. Panmure says if M&S can deliver the financial targets it set out in November, its shares could be worth far more than now. Share Monday 10 January 2011 7:26 pm Tags: NULLlast_img read more