BAA staff set to strike over wages

BAA staff set to strike over wages

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first_img BAA staff set to strike over wages KCS-content whatsapp Tags: NULL whatsapp Thursday 12 August 2010 8:30 pm Show Comments ▼center_img Share UK AIRPORTS are set to face chaos in the coming weeks after BAA staff in the Unite union voted three-to-one in favour of strike action yesterday. Unite, which represents two-thirds of BAA’s workforce, said the vote showed the firm’s offer of a one per cent basic pay rise was “derisory”.Union heads will meet on Monday to decide what form the industrial action will take. One option involves walk-outs over the August bank holiday, though the union must give seven days’ notice of any action. The arbitration body Acas confirmed last night it will facilitate an early meeting with Unite and BAA bosses as soon as a suitable time can be arranged, in an attempt to head off major travel disruption. BAA’s six airports, including Stansted and Heathrow, face closure or a slew of cancelled flights while action is ongoing. “For the past four months BAA has refused to even meet with us,” said Unite official Brendan Gold.“BAA is doing passengers a great disservice by allowing this dispute to get to this stage. We are therefore calling on BAA to return to the negotiating table with a fair offer.”Staff working at the Spanish-owned BAA have seen other large firms offer generous pay deals recently, including a 9.3 per cent pay rise over 39 months for BT workers, agreed in July, and a 6.9 per cent rise and other perks at Royal Mail, secured in March. 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 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 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 Blvdlast_img read more

William Hill is on track due to World Cup

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first_imgThursday 26 August 2010 8:25 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo William Hill is on track due to World Cup Show Comments ▼ whatsapp KCS-content center_img whatsapp Britain’s biggest bookmaker William Hill said it was on track to meet full-year expectations after reporting a one per cent rise in first half earnings.Reflecting industry trends, the firm benefited from a major boost from the World Cup. The company, which operates over 2,300 betting shops in the UK and Ireland, said underlying profit rose to £135.6m compared with £134.6m the year before.The average forecast for first half core profit had stood at £135.2m.William Hill, which takes over 1m bets a day, said results in the football World Cup beat expectations, generating a gross win of £32.2m for the tournament, which it said was a good margin.However, it also saw relatively poor horseracing results in the period with a comparatively weak Grand National in April followed by a loss making Royal Ascot festival. The average forecast for full-year core profit stands at £258m.Earlier in August, rival Ladbrokes reported a five per cent increase in first half operating profit as a boost to trading from the World Cup also offset unfavourable horseracing results, especially at June’s Royal Ascot meeting, where punters cleaned up.Last month William Hill appointed Gareth Davis as its new chairman. Davis, who recently retired as chief executive of Imperial Tobacco, will take the helm next week. More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Share Tags: NULLlast_img read more

Indian shares soar on industial output rise

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first_imgMonday 13 September 2010 2:54 am whatsapp whatsapp John Dunne Indian shares soar on industial output rise Indian shares have surged to their highest level in more than two and a half years after new figures revealed that its industrial output jumped faster than expected.The data showed that July’s factory output was up 13.8 per cent compared with a year ago.India’s benchmark Sensex index rose 322 points to 19,122 – its highest since January 2008.Banks led the gains as businesses are expected to borrow more as the economy grows. Shares in State Bank of India, the country’s largest lender, were up 4.3 per cent while ICICI Bank shares rose 3.5 per cent.HDFC Bank was 1.1 per cent up. Sharecenter_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily 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 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 LikeTotal 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULL Show Comments ▼ last_img read more

ANALYST VIEWS: WHAT DO YOU THINK OF ROBERT WALTERS’ RESULTS?

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first_img whatsapp Tags: NULL More From Our Partners Brave 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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Share ANALYST VIEWS: WHAT DO YOU THINK OF ROBERT WALTERS’ RESULTS? KEAN MARDEN | ROYAL BANK OF SCOTLANDAt the divisional level, Asia Pacific was softer than expected – according to the company this was driven by financial services hiring rather than a general loss of momentum around the Australian general election – and the UK’s stronger performance.CAROLINE DE LA SOUJEOLE | SEYMOUR PIERCERobert Walters delivered a stellar set of results although we suspect this is against very easy comparatives. All regions saw double-digit growth in the quarter with Asia Pacific showing the strongest increase while the UK was up 49 per cent. However, such a high growth in the UK may not be sustainable.IAN JERMIN | MERCHANT SECURITIESRobert Walters is our only ‘buy’ among the larger players in the sector and we continue to retain the recommendation. Today the group announced exceptionally good third quarter trading ?– even the UK reported strong growth. center_img whatsapp Show Comments ▼ Wednesday 6 October 2010 7:35 pm 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 KCS-content last_img read more

Posen claims Mervyn King too political

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first_img Share Show Comments ▼ Thursday 25 November 2010 8:31 pm whatsapp More From Our Partners Russell 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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com KCS-content Tags: NULLcenter_img Posen claims Mervyn King too political whatsapp 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. 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 TimesNoteabley25 Funny Notes Written By StrangersNoteableyWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan 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 Heraldlast_img read more

Groupon puts end to talks with Google

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first_img Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Sunday 5 December 2010 10:39 pm whatsapp Show Comments ▼ Share KCS-content Groupon puts end to talks with Google center_img 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Tags: NULL GROUPON, the internet based coupon company that is in potential takeover talks with Google, is believed to have walked away from the discussions over the weekend.Google and Groupon began negotiations last week with speculation becoming ever more intense that Google could offer between $5bn (£3.2bn) and $6bn for the firm.Groupon offers consumers steep online discounts in conjuction with local businesses but only if a minimum number of subscribers sign up for the offer. Groupon takes a cut of approximately 50 per cent of the revenue from each deal it runs.Reports in the US emerged at the weekend suggesting Groupon had walked away from the discussions deciding to remain independent.Sources claimed it was possible Groupon could choose to pursue an initial public offering but that it would not decide whether to go public until the new year. In April the company was valued at $1.3bn. Google declined to comment on the reports while no-one from Groupon could be reached for comment. The firm is not expected to confirm anything regarding the negotiations until later today.Groupon has rocketed from struggling website to webstar in the space of two years. It now employs 3,000 people globally and has a presence in 35 countries. It is expected to make annual revenues of at least $500m this year. Google, which is pushing into local search advertising, had been hoping to tap into Groupon’s network of sales staff and relationships with small businesses across the US in particular.Groupon has also reportedly been courted by the likes of Yahoo, suggesting others in the industry believe the company has a sustainable business model. last_img read more

OFT won’t report banks

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first_img THE OFFICE of Fair Trading has decided not to report London’s investment banking industry for anti-competitive practices, according to reports last night. The OFT has spent six months looking at whether equity underwriting practices stifle competition, but does not have enough evidence to make a formal referral to the Competition Commission. The watchdog said in June that “there is some dissatisfaction among corporate users of the market” over the fees charged by the biggest investment banks for underwriting rights issues. The banks could still face measures short of a full-scale competition probe, according to Sky News. The biggest equity underwriters in London include Goldman Sachs, JP Morgan and Barclays Capital. The OFT’s findings are due to be released at 7am today. Share OFT won’t report banks Wednesday 26 January 2011 9:18 pm Tags: NULL KCS-content More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com whatsapp Show Comments ▼ whatsapplast_img read more

Profits grow at Provident as collections rise

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first_img SHARES in subprime lender Provident Financial closed more than five per cent lower yesterday despite its profits rising 11 per cent in 2010.Growing demand for loans and better debt collection pushed pre-tax profit to £144.5m from £130.1m in 2009, while earnings per share also gained ten per cent to 78.6p, from 71.4p in 2009.Profits at Provident’s credit card division Vanquis soared 89.4 per cent last year, to £26.7m from £14.1m in 2009, as its customer numbers grew by 28 per cent. Profits also rose slightly to £129m in its home credit arm after a pick-up at the end of 2010. But the market had expected a higher profit result after the group, which lends to below-average earners, said its results would be better than forecasts. Its shares ended down 5.18 per cent at 979.5p. Chief executive Peter Crook said it was “well placed to continue to deliver good quality growth” in 2011. Profits grow at Provident as collections rise KCS-content Tuesday 1 March 2011 8:18 pm Tags: NULL whatsapp Sharecenter_img 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 AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute whatsapp 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’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wraplast_img read more

Treasury backs Bank Commission

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first_img 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 AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Share Show Comments ▼ THE Treasury yesterday gave its backing to the Independent Commission on Banking, saying chancellor George Osborne has confidence in its report into the financial industry.The Commission is tasked with giving recommendations to the government on whether UK banks should be forced into a radical restructuring, with splitting investment and retail banks into separate entities one option being considered.Fears over the possible conclusions of the Commission’s report is understood to be one reason HSBC is seriously considering its UK domicile.The Treasury’s backing comes after suggestions that at least one Commission member believes there has been too much Treasury meddling in the process.There is also doubt amongst senior City figures that the government will follow the main recommendations of the Commission after successfully negotiating the Merlin accord with the main UK banks to increase bank lending. However, the Treasury distanced itself from this, telling City A.M. it “looks forward” to the recommendations made in the report. whatsapp Sunday 6 March 2011 11:21 pmcenter_img Treasury backs Bank Commission KCS-content More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Tags: NULLlast_img read more

Private sector jobs recovery on track

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first_img Show Comments ▼ whatsapp whatsapp Wednesday 13 April 2011 9:01 pm WE are not suffering from a jobless recovery. That is merely a myth, as yesterday’s jobs figures proved yet again. Employment jumped 390,000 year-on-year in the December to February period, the biggest gain since early 2008. Remarkably, this 1.4 per cent rise in jobs was better than the 2000-07 annual average of 0.9 per cent, as calculated by Michael Saunders, Citigroup’s European economist. It gets even better. At the start of the recovery, the bulk of the extra jobs were part-time or freelance – but that is no longer true. The number of full-time, employee positions surged 198,000 quarter-on-quarter, the second largest gain of the past 20 years. Redundancies also fell 19 per cent quarter-on-quarter to stand 59 per cent below peak and 18 per cent below the 2000-07 average. Public sector employment fell by 123,000 year-on-year in December – but that was easily compensated for by the 428,000 jobs created by the private sector. Private firms created 3.5 jobs for each one lost in the public sector. There is little evidence in the jobs data that the economy is suffering a soft patch – especially given that these figures include the December statistics, which were supposedly disastrous. Total hours worked per week rose 0.6 per cent in the most recent period, compared with the three months to November 2010. Even if productivity per hour only grew a bit, that looks like a strong rebound to me.But it isn’t all good. Unemployment is not dropping fast enough: it remains at 2.48m, down 17,000 from the three months to November 2010 and down 5,000 from a year earlier (the real level of joblessness is probably twice as high once recipients of other out-of-work benefits are included). Large numbers of people are joining the labour force every year, including youngsters, pensioners and migrants. Britain needs to be creating even more jobs to ensure sizeable drops in unemployment. The number of jobs filled by UK born workers rose just 39,000 in December on a year earlier; those filled by non-UK born workers jumped 173,000. It seems that the British-born don’t have the right skills and attitudes to compete. Even more worryingly, the young are being squeezed out. Of the 390,000 extra jobs in the year to February, 221,000 went to people aged 50 or above. Just 8,000 went to the under 25s. But the much-reported claim that 20.4 per cent of 16-24 year olds are out of work is misleading. That assumes that there are 963,000 unemployed 16-24 year olds – but that includes students in full time education who can’t manage to find evening or weekend work. Stripping these out, there were 666,000 unemployed 16-24 year olds, down 15,000 from the previous three months. It’s still a disastrous situation for young people, however, especially for those with no qualifications or skills. Too many suffer from appalling numeracy and literacy, weak presentational skills and an inability to fit into the world of work. Combined with the fact that the labour market is now more regulated, and that it is harder to fire staff, many employers have decided that older, more experienced workers pose less of a risk. The only sustainable answer is to sort out the education system, and to change the UK’s culture, which will take years – but speedy action on reducing the costs and risks of employing young people would also help. For the sake of those youngsters whose lives are being blighted by unemployment, it is time to tear up the red [email protected] me on Twitter: @allisterheath 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 PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldcenter_img Tags: NULL More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell 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.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com KCS-content Share Private sector jobs recovery on track last_img read more

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