High Speed 1 bid group expands

first_img GOLDMAN Sachs and Groupe Eurotunnel have expanded their bidding group for Britain’s only high-speed rail line, a consortium spokesman said as first-round bids were due for the £1.5bn route.The British government is selling “High Speed 1,” which has a 30-year concession to run a 110-kilometre (70 mile) railway linking London and the Channel Tunnel, to help cut its budget deficit. The “GB Speedrail” group, already consisting of Eurotunnel Goldman Sachs Infrastructure Partners and M&G’s Infracapital, has been joined by two financial backers, Britain’s Universities Superannuation Scheme, and France’s Caisse des Dépôts et Consignations, a spokesman for the group said.“We will make an indicative bid today,” the spokesman said.The five-strong group is vying with at least two rival teams.One is made up of Morgan Stanley Infrastructure, 3i Infrastructure and Abu Dhabi Investment Authority. A second Canadian partnership has allied Borealis, the infrastructure investment arm of Ontario Municipal Employees Retirement System with Ontario Teachers’ Pension Plan. whatsapp Tuesday 17 August 2010 6:34 am 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 whatsapp High Speed 1 bid group expands center_img Share More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Show Comments ▼ John Dunne Tags: NULLlast_img read more

Poundland set for expansion as bargain hunters give it a boost

first_img whatsapp Poundland set for expansion as bargain hunters give it a boost Wednesday 18 August 2010 7:46 pm 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Share DISCOUNT retailer Poundland has seen an 80 per cent surge in operating profit to £21.5m in the year to the end of March.Poundland, which was recently acquired by private equity firm Warburg Pincus, said it aims to open a further 50 new stores over the next two years, creating 2,000 jobs.Like-for-like sales were up 0.7 per cent in the financial year. Chief executive Jim McCarthy said: “With the economic uncertainty continuing, we are seeing many more first time shoppers joining our existing loyal customer base financial year.” The chain’s top selling products include Kodak Batteries, Whitworths sugar, and boxes of Maltesers. whatsapp KCS-content Tags: NULLlast_img read more

NIKE DOES IT

first_img NIKE, owner of the iconic Niketown store on Oxford Street (pictured), posted a higher quarterly profit yesterday on strong demand in North America, China and the emerging markets. Net income in the sportswear giant’s first quarter rose nine per cent to $559m (£356m) on revenues up eight per cent at $5.18bn. KCS-content Show Comments ▼ More From Our Partners Native 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com whatsapp Tags: NULL center_img NIKE DOES IT 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 The Dream Girl In The 90s, This Is Her NowMoneyPailLittle-Tricks.comLength Of Your Finger Reveals A Few Surprises About Your PersonalityLittle-Tricks.comWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestylePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBig Data Courses | Search AdBig Data Online Courses Might Be Cheaper Than You ThinkBig Data Courses | Search AdLivestlyBreeds That Make Loyal Companions For RetireesLivestly whatsapp Share Thursday 23 September 2010 7:49 pmlast_img read more

JAPAN KEEPS CLOSE EYE ON YEN’S IMPACT

first_imgSunday 26 September 2010 9:56 pm Share Show Comments ▼ JAPAN will ease monetary policy appropriately if necessary, while keeping an eye on the impact of the yen’s rise on the economy, Bank of Japan (BOJ) governor Masaaki Shirakawa (pictured) said. He also said the BOJ was watching the “downside risk” to the economy more closely. JAPAN KEEPS CLOSE EYE ON YEN’S IMPACT whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comcenter_img whatsapp 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 KCS-content Tags: NULLlast_img read more

ITV offloads 50pc stake in Screenvision

first_img whatsapp ITV has offloaded its 50 per cent stake in cinema advertiser Screenvision to US private equity fund Shamrock Capital for $80m (£50m).ITV chief executive Adam Crozier called the deal an “important step” for the firm as it works to consolidate its broadcasting empire.He said the deal fits into ITV’s “transformation plan to focus the business on its core objectives of UK multi-platform broadcasting and global content”.The move is part of a wider sale of non-core assets, including disposal of its 25 per cent stake in Friends Reunited to DC Thompson subsidiary Brightsolid for £25m and its stake in Liverpool Football Club for £15.75m.The money generated by the Screenvision sale, which is still subject to US anti-trust clearance, will be used to pay down the broadcaster’s net debt. The firm has already paid down £175m of its debt pile in the last six months.ITV reported a £97m first half profit after limping to a £105m loss in the first half of 2009.TIME LINE | ITV UNDER ARCHIE NORMAN● August 2009ITV sells its stake in Friends Reunited, for which it paid £150m, for just £25m.● November 2009The broadcaster hires former Asda chief executive and Conservative MP Archie Norman as its new chairman. The appointment of high-profile business figure Norman brings an end to a two-month search for a successor to Michael Grade.● January 2010It is announced Crozier will leave the Royal Mail later in 2010 to become the next permanent chief executive of ITV.● April 2010Adam Crozier takes the reins at struggling ITV, which is still reeling from the worst advertising drought in decades.● August 2010ITV reports encouraging figures after making a loss in the first half of 2009. Crozier says the beleaguered broadcaster – which saw its share price fall almost 85 per cent during the advertising drought between June 2007 and April 2009 – can bounce back under his leadership.● September 2010Crozier offloads Screenvision to a US private equity vehicle for $80m as he focuses on ITV’s core broadcasting operations. ITV offloads 50pc stake in Screenvision Share whatsapp More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tuesday 28 September 2010 10:42 pm Show Comments ▼ Tags: NULL KCS-content last_img read more

Borrowing dip in August

first_img MORTGAGE approvals fell in August to their lowest level in six months, while consumers also chose to continue to pay down debts, the latest figures from the Bank of England (BoE) showed yesterday.The Bank said 47,372 mortgages were approved in August down slightly from the July figure of 48,619. Meanwhile, approvals for remortgaging stood at 28,042, which was up on July’s figure of 27,250 and the six-month average of 26,765. Total net mortgage lending was higher than in July, increasing by £1.7bn. The previous six-month average was £700m.But net consumer credit, which includes credit card borrowing, overdrafts and personal loans, fell by £120m, the biggest drop since November 2009, the Bank said. That brought the total net lending figure down to £1.5bn for the month.The figures will be a disappointment to the BoE. On Tuesday deputy governor Charlie Bean said Bank policy was designed to encourage people to spend some of their savings in order to stimulate the eonomy. KCS-content 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 whatsapp Share Show Comments ▼center_img whatsapp Borrowing dip in August 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 Wednesday 29 September 2010 11:19 pm Tags: NULLlast_img read more

BP says oil spill costs have hit £7.1bn

first_img whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Friday 1 October 2010 4:41 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times BP says oil spill costs have hit £7.1bn BP says oil spill costs have hit £7.1bn as the company undergoes a shake-up by incoming chief executive Bob Dudley. center_img John Dunne whatsapp Show Comments ▼ Share Tags: NULLlast_img read more

G20 agrees to prevent a trade war

first_imgSunday 24 October 2010 11:36 pm G20 agrees to prevent a trade war Show Comments ▼ THE G20 economies pledged to steer clear of an all-out currency war at the weekend, as countries including China and the USA agreed not to competitively devalue their currencies. The G20 finance ministers, who met in South Korea ahead of a summit next month, said in a communiqué they will “move towards more market determined exchange rate systems”. US Treasury secretary Tim Geithner said that China was committed to moving the yuan towards a market rate. “They’ve got a ways to go but I think they’re committed to do that, because they recognise it’s in their interest,” he told Bloomberg TV after the meeting.The US is now unlikely to go ahead with its plan to impose punitive tax on Chinese exports, according to analysts last night. The House of Representatives passed a law last month to treat the yuan’s exchange rate as an illegal tariff. The G20 said it will move to tackle international trade imbalances but stopped short of specific targets, despite a call from the United States to limit surpluses at four per cent of a country’s gross domestic product.The ministers did make progress on overhauling the International Monetary Fund, by shifting power in favour of emerging nations. Several analysts, including GFT’s Martin Slaney, predict a jump in European stock markets this morning in response to the G20 agreement. Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky 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 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 Sharecenter_img whatsapp whatsapp 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 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.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Tags: NULLlast_img read more

We must adjust to new global order

first_img whatsapp IT takes time for new realities to sink in, especially in economics and geopolitics. One reason why the G20 meeting in Seoul won’t achieve anything of any real substance is that the old order still believes that it can play by the old rules – and by that I mean primarily the Americans. The Fed’s decision to engage in a fresh round of quantitative easing last week, even though its economy grew by an annualised two per cent in the third quarter, was the last straw for the emerging nations. They are convinced that this is a deliberate ploy to weaken the greenback, inflate away the US?national debt (much of which is held overseas) and boost US exports at the expense of other countries.There was a time when the rest of the world would merely have lumped it and accepted its fate. No longer. We are now truly in a multi-polar world yet one devoid of a proper roadmap. The US remains the world’s most important superpower but can no longer impose its will either militarily or economically; China is hugely powerful, is starting to throw its weight about but remains a developing country; the same is true, to a lesser degree, of India and Brazil. Europe is in steady relative decline; it remains wealthy and stable but has lost its ability to translate its large GDP into true power and influence. Japan is also in decline, its economy eroded by an ageing population. Any of these countries or regions can now derail the global economy; America last managed in 2008; there is at least an outside chance that Europe could do the same if its sovereign debt crisis spirals out of control and triggers another financial nightmare. A recession in China would be a disaster for the whole world. Three factors make this situation even more unstable. The first is that all of the new economic superpowers are flawed, at least in part; all are giants with feet of clay. China is a dictatorship, attempting to construct a new civilisation based on state capitalism; its currency is deliberately under-valued, its consumers don’t spend enough, its central bank is hoarding too many assets and its government desperately attempting to prevent a new bubble. India remains bureaucratic. Brazil has yet to emerge from its regional sphere of influence. The Western economies suffer from excessive national debts, failing welfare states and bankrupt state pension systems; the emerging economies lack a truly trustworthy rule of law and their democracies, in most cases, remain fragile.The second problem is that there is no proper mechanism for these powers to communicate. The G20 is too unwieldy; the UN is flawed; all the existing global institutions – from the IMF to the WTO – are relics of a previous era. The third, related problem, is that the world continues to use the dollar as its main reserve currency and unit of account, even though it is a paper money that is primarily used by the US to serve its own interests. This relic of the post-Bretton Woods era is no longer sustainable. Remember when clever-silly pundits used to believe that the euro was about to dethrone the greenback as the world’s currency? Today, with the Eurozone on the verge of break-up, this is self-evidently nonsense. A much more sensible prediction is being made by HSBC’s currency team, which believes that the renminbi could become the dollar’s main rival. We shall see; but don’t expect any real answers from the G20 [email protected] Thursday 11 November 2010 8:50 pm whatsapp Share Tags: NULL More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comcenter_img KCS-content We must adjust to new global order Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity 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 CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorylast_img read more

De La Rue warns of losing top customer

first_img Share BANKNOTE printer De La Rue today said its production problems could lead to the loss of a top customer, knocking its shares to a four-year low.Executive chairman Nicholas Brookes told Reuters that doubt lingered over De La Rue’s relationship with the customer for whom the faulty banknote paper was originally produced.“There is still uncertainty with a principal customer and we have not heard whether we will continue or not continue supplying this customer,” Brookes said, adding that the client in question is one of De La Rue’s largest.Newspapers have reported the faulty paper was destined for India, one of the company’s largest clients. The Reserve Bank of India has declined to comment.De La Rue shares, which have lost more than 30 per cent of their value since the company first reported problems at its paper factory in July, had fallen nine per cent at 1026 GMT to 568p, after earlier touching their lowest price in four years.De La Rue said its profit more than halved in the first half of 2010, following a £35m hit caused by the suspension of production at one of its plants.The costs were in line with a September profit warning and the company said it would resolve the production issue through management appointments, a focus on paper quality and engaging its customers.First-half revenue was down 17 per cent at £209.2m and profit before tax and exceptional items was £23.8m, down from £48m in the same period last year. De La Rue maintained its interim dividend at 14.1p. whatsapp De La Rue warns of losing top customer 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAdventure CrunchHere Are the Most Famous Pro Wrestlers From the Past TodayAdventure CrunchUndoFinance BLVDThis Star from ‘Gilligan’s Island’ is 101 & lives a humble life nowFinance BLVDUndoArticles StoneLittle Boy Brings $2 Painting To Antiques Road Show, Not Realizing Its WorthArticles StoneUndothedelite.comNetflix Cancellations And Renewals: 2021 Updatethedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndo Show Comments ▼center_img whatsapp Tags: NULL Tuesday 23 November 2010 6:13 am John Dunne last_img read more