Private equity job for Davies

first_imgWednesday 11 August 2010 8:50 pm Tags: NULL Private equity job for Davies KCS-content whatsapp 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 whatsapp Former government minister and past chairman of Standard Chartered Mervyn Davies has joined private equity firm Corsair Capital, boosting the specialist financial services investor’s senior management team.Lord Davies joins Corsair, which spun out of JPMorgan Chase in 2006, as vice chairman and partner, based in London.He most recently served as minister of state for trade, investment and small business under Gordon Brown’s Labour government, a post he took up after leaving Standard Chartered in 2008.The move sees Welshman Davies return to the buyout firm in a full-time deal making capacity. He previously served as a member of its advisory board during his time as Standard Chartered chairman. He also served as a senior executive of Wall Street giant Citigroup earlier in his career.Corsair counts Standard Chartered’s Americas chief executive, David Stileman, and Resolution chief executive John Tiner – former head of City watchdog the Financial Services Authority – among its advisory board members.The firm’s investments include California’s East West Bank and Polish insurer PZU. Share Show Comments ▼last_img read more

Japan’s economic growth falters

first_img Share JAPAN’S economic growth slowed to a crawl in the second quarter and analysts see more weakness ahead as the country grapples with deflation and a rise in the yen that threatens an export-driven recovery.Slowing growth in main export destinations such as the United States and China clouds the outlook, while policymakers are trying hard to talk down the yen after it surged to a 15-year high against the dollar last week.Japan’s quarterly gross domestic product growth of 0.1 per cent translates to annualised expansion of 0.4 per cent, well below the median market forecast of 2.3 per cent and the United States’ 2.4 per cent annualised growth in the same quarter.That followed revised 4.4 per cent annualised growth in the first quarter, when both exports and a stimulus-driven recovery in consumption contributed to overall growth.In the April-June quarter the stimulus effects have worn off, leaving exports as the sole engine of growth and with its contribution to growth halved to 0.3 per cent, the economy just eked out a third straight quarter of expansion.Prime Minister Naoto Kan and Bank of Japan Governor Masaaki Shirakawa are expected to meet later this week to discuss the yen’s strength and possible responses, although analysts said there is not much they can do.“I think the Bank of Japan and the government need to take decisive action against currency moves. Solo currency intervention is possible if the yen approaches 80 to the dollar. If that is accompanied by monetary easing by the Bank of Japan, it may have a certain effect,” said Takeshi Minami, chief economist at Norinchukin Research Institute in Tokyo. John Dunne whatsapp Monday 16 August 2010 2:21 am Japan’s economic growth falters center_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld Lifestylezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com whatsapp Tags: NULLlast_img read more

LARA FIGHTS GAMING APATHY

first_img Show Comments ▼ LARA FIGHTS GAMING APATHY Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo KCS-content GAME maker Crystal Dynamics has attempted to breath life into the flagging industry with the release of a new Tomb Raider adventure, The Guardian of Light, which is available for download. The industry is suffering from the traditionally slow summer season, the World Cup effect and the unusually hot British summer. Monday 16 August 2010 7:52 pm Sharecenter_img whatsapp More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp Tags: NULLlast_img read more

Swiss franc surges to a record high against euro

first_imgWednesday 25 August 2010 8:40 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo Swiss franc surges to a record high against euro THE Swiss franc surged to an all-time high against the euro yesterday as fears over the potential for a double-dip recession continued to drive investors into perceived safe-haven assets. The franc traded at €1.300 yesterday, within sight of the record level of €1.2968 hit earlier in the session. And yields on 10-year Swiss bonds fell to 1.02 per cent as weaker-than-expected US new-home sales and durable goods orders intensified the flight out of equity markets.The franc’s rise accelerated after the Swiss National Bank dropped its pledge to intervene in the currency markets at its June meeting, saying that deflation risks had largely disappeared and the economy was on track for a healthy recovery.The Dow Jones was off as much as 103 points at one stage, before rallying to close up 19.6 points – or 0.2 per cent – at 10,060, while the broader S&P 500 index gained 0.3 per cent, ending four straight days of losses. The FTSE 100 index closed 0.9 per cent down at 5,109.40, Germany’s DAX fell 0.6 per cent and Tokyo’ Nikkei dropped 1.7 per cent to hit a 16-month low of 8845.39. More From Our Partners Russell 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Sharecenter_img KCS-content whatsapp Show Comments ▼ whatsapp Tags: NULLlast_img read more

BHP pulls out of Falklands JV

first_img BHP pulls out of Falklands JV Show Comments ▼ Tuesday 28 September 2010 10:33 pm whatsapp Share whatsappcenter_img 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 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 ItPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com SHARES in Falkland Oil and Gas lost over a fifth of their value in a single day yesterday after the oil and gas explorer said BHP Billiton had pulled out of a joint venture drilling project in the Falkland Islands.Falkland Oil and Gas said BHP had elected not to enter the second phase of drilling on its southern licence area, adding that the company will take back the oil giant’s current 51 per cent interest in the project.It will now continue work on the second phase of the project alone, aiming to drill a single exploration well by 2015.“Falkland Oil and Gas believes, based on the drilling results from the Toroa well analysed to date, that these licences are still prospective,” the company said in a statement.In a further blow to the Aim-listed firm, it admitted that the next phase of drilling at its northern licence area is increasingly unlikely to commence before the end of the year, though the Falkland Islands government has agreed to extend the first phase of the licences by a year.“We welcome the Falkland Islands government’s understanding in agreeing to extend the licence terms. We intend to continue actively exploring the southern licences and with our joint venture partner, to secure a deepwater rig to resume drilling in the northern licences as soon as possible,” Falkland Oil and Gas chief executive Tim Bushell said. The setback for the company came after rival Rockhopper Exploration discovered substantial reserves of oil at its own North Falklands basin project, sending the shares leaping to an all-time high.However, the extent of available resources in the region is still far from clear and drilling has led to protests in Argentina, which claims sovereignty over the islands it calls the Malvinas.Argentina fought a war with Britain after briefly taking possession of the islands in 1982. 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 Tags: NULLlast_img read more

Laing to float fund on LSE to raise £270m

first_img Laing to float fund on LSE to raise £270m KCS-content Tags: NULL Infrastructure group John Laing yesterday unveiled plans to list an infrastructure fund in London raising up to £270m. Laing, owned by asset manager Henderson Group, will sell up to £256m of infrastructure schemes to the newly formed John Laing Infrastructure Fund (JLIF), in a move flagged up earlier this month.The fund will use the cash from the flotation to buy the 19 projects, which include the Ministry of Defence headquarters in London, a hospital in Canada, the Metropolitan Police firearms and public order training centre in Gravesend and part of the M40 motorway.It will launch the flotation in the next few weeks, with admission to the main market of the London Stock Exchange expected in late November. It forms part of the group’s strategy to sell interests in mature infrastructure projects, the company said.Former chief executive of support services company VT Group, Paul Lester, will chair the fund, which will have first refusal on certain investments sold by John Laing in the next five years.Lester said pressure on government to cut costs and to boost economic development and efficiency meant the outlook for the fund was positive.“With our high quality asset base, attractive pipeline and first class management team, I’m confident we can generate value,” he said.The investment adviser appointed to the fund, John Laing Capital Management, has told it John Laing is likely to make available 17 projects worth about £325m in the next three years. The fund will be debt free at launch and will limit future borrowing to a maximum of a quarter of total assets and is targeting an initial annualised yield of 6 per cent per year.JP Morgan Cazenove was appointed as global co-ordinator and is joint bookrunner with Barclays Capital and RBS Hoare Govett.JP MORGAN CAZENOVEJohn Laing has appointed JP Morgan Cazenove as global co-ordinator, sponsor and joint book-runner on the flotation of John Laing Infrastructure Fund, while Barclays Capital and RBS Hoare Govett have been hired as joint book-runners.Laurence Hollingworth, Patrick Magee, Chris Nicholls and William Simmonds will be acting for JP Morgan, making Laing the latest in a long line of flotations and deals that the US investment bank has advised upon.Hollingworth was named head of UK equity capital markets at JP Morgan Cazenove when Cazenove Group and JP Morgan unveiled a deal last year under which their joint venture, JP Morgan Cazenove, became a wholly owned part of JP Morgan.Hollingworth and his team worked on flotations including supermarket home delivery group Ocado, former government-owned defence research group Qinetiq, media group Mecom, CPP, African Barrick Gold and Metric Property Investments.JP Morgan Cazenove claims to be the UK’s number one corporate broker, acting for 36 FTSE100 companies, 94 FTSE250 and 68 smaller companies.On Wednesday, former JP Morgan Cazenove chief executive Naguib Kheraj joined Lazard as chief executive of its international business. 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Sign up Nowwomengetfreebies.com Show Comments ▼center_img whatsapp Share whatsapp Thursday 14 October 2010 9:24 pmlast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img whatsapp CITY MOVES | WHO’S SWITCHING JOBS Sunday 31 October 2010 10:58 pm Share Marriott HarrisonThe City law firm has taken on Hadleigh Graves as a partner in its media and technology practice.Graves was previously a partner at music specialist law firm Statham Gill Davies and also an M&A and private equity lawyer at Ashurst. He has particular expertise in music industry-based M&A and joint ventures, as well as arrangements to develop talent and release records independently.Pall Mall CapitalThe corporate finance advisory firm has appointed Christopher Shaw as a senior adviser, following its acquisition of his firm SP Merger Group (SPMG).Prior to founding SPMG, Shaw worked at Bankers Trust, Henry Ansbacher and Goldman Sachs.He is joined at Pall Mall by fellow new senior adviser Roger Cort, who was previously head of corporate finance at Henry Ansbacher, set up Amethyst Investments and worked with Shaw at SPMG.EvershedsThe law firm has appointed partner Bruce Dear to the newly-created role of strategic head of London real estate.Dear, who was previously head of real estate investment at the firm, leads a team which has recently advised on some of London’s biggest property deals, including financing the Shard of Glass tower and acting for Legal & General in the purchase of ING’s Covent Garden estate and for the LDA in the transfer of the Olympic Park.Smith & WilliamsonNick Richards has joined the investment management firm as a business development director, supporting the private client side of the business.Richards has previously worked for property, actuarial, accountancy and law firms, covering business development and marketing communications functions. He previously spent four years at Charles Russell and three working in the Cayman Islands for Maples and Calder.SWIPThe Scottish Widows Investment Partnership, part of Lloyds Banking Group, has hired Craig Mackenzie as head of sustainability.Mackenzie joins from the University of Edinburgh Business School, where he was director of the Centre for Business and Climate Change. Prior to that, he was responsible for establishing the university’s Centre for Ethics in Public Policy and Corporate Governance. Show Comments ▼ whatsappcenter_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmMartha Stewart CBDShop Martha Stewart’s CBD Products NowMartha Stewart CBDTruthfinderEnter Your Name, Wait 105 Seconds, Here’s What Your Friends Can Know About YouTruthfinderInteresticleMan Finds Wierd Cave In Scottsdale, Enters And Drops To His KneesInteresticleTheFashionBallAll The Reasons It Won’t Last With Meghan – According To HarryTheFashionBallStuff AnsweredBest Meal Delivery for SeniorsStuff AnsweredVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online GameDefinitionThe Most Worthless Cars Ever MadeDefinition KCS-content Tags: NULLlast_img read more

Spread betters can win £100,000

first_imgSunday 14 November 2010 10:22 pm Spread betters can win £100,000 KCS-content Share WorldSpreads is offering a £100,000 prize to any spread betting client who can open and close 10 consecutive profitable trades in a row between today and Friday 10 December. To qualify, the trade must earn a profit of at least five points. If more than one trader wins, the cash will be divided equally. If no-one achieves 10 profitable trades in a row, the prize will go to clients with the highest number of consecutive winning trades. The competition, which is open to new and existing customers, celebrates WorldSpreads’ birthday. Tags: NULL whatsappcenter_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 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.comBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory Show Comments ▼ whatsapplast_img read more

Posen claims Mervyn King too political

first_imgThursday 25 November 2010 8:31 pm Tags: NULL 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 NowMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem whatsapp More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPuffer fish snaps a selfie with lucky divernypost.com whatsapp Sharecenter_img Posen claims Mervyn King too political THE Bank of England’s most senior policymakers were divided over Mervyn King’s support for the government’s austerity measures. Adam Posen, an external member of the Monetary Policy Committee (MPC), yesterday said the governor’s endorsement of the coalition’s deficit reduction programme was “excessively political”. “A number of people on the committee [thought he was being]… excessively political in the election,” he told the Treasury select committeePosen added that a handful of other members of the MPC shared his concerns. “A number of us were concerned… more than me and one other person, but less than a majority,” he said. In a press conference following the May inflation report – just days after the coalition seized power – King backed the government’s decision to make £6bn of cuts in fiscal 2010. Posen also said he objected to the wording of one paragraph in the inflation report, although the majority of the MPC did not support him. The thinly-veiled criticism of King represents a huge challenge to his authority. Chuka Umunna, a Labour member of the select committee, said that King’s role was becoming overly politicised, although he blamed this on politicians rather than the governor himself. “It is self-evident that the governor has been drawn into political matters – but it is the fault of politicians,” he said.“Nick Clegg has cited the governor’s opinions as the reason for his volte-face on economic policy, while George Osborne is relying on him to compensate for his fiscal austerity package with monetary levers,” he added. Umunna was referring to Clegg’s claim that he decided £6bn of in-year cuts were necessary after a telephone call with the governor – a claim roundly denied by King. KCS-content Show Comments ▼last_img read more

CVC mulls bid for airports

first_img Share CVC mulls bid for airports KCS-content Tags: NULL Sunday 19 December 2010 10:32 pm PRIVATE equity firm CVC is plotting a €12bn (£10.2bn) takeover bid for Spanish airport and road operator Abertis, it emerged yesterday.CVC has begun talks about financing the deal and is thought to be planning to make an approach to the group in January.Abertis runs Luton, Cardiff and Belfast International airports in the UK following its acquisition in 2005 of airport operator TBI, which also had eight international airports including Stockholm Skavsta, La Paz, Santa Cruz and Cochabamba airports in Bolivia and Orlando Sanford in the US.It also runs toll roads in France, Spain, Italy and Portugal, as well as telecom businesses and car parks. CVC Capital Partners spent €1.7bn buying a 15.5 per cent stake in the toll-road operator in August from Spanish builder ACS, which retained an indirect holding of 10.28 per cent.An earlier three-way deal involving CVC, ACS and savings bank La Caixa, which controls a 28 per cent stake in Abertis, to launch a debt-funded buyout failed in July after banks baulked at the €5bn of credit required.La Caixa said when the CVC-ACS deal was agreed that it would remain a core shareholder in Abertis.CVC is thought to have been working on securing the debt since its previous bid failed in the summer, and it will launch a new bid when it has the financing in place.CVC is believed to need Abertis to be unlisted for it to work as a private equity investment and to transfer a stake to its infrastructure fund.CVC, Abertis, La Caixa and ACS all declined to comment yesterday. 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp whatsapp Show Comments ▼last_img read more