Germans quiz Credit Suisse clients on tax

Germans quiz Credit Suisse clients on tax

first_img 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼ Germans quiz Credit Suisse clients on tax German authorities have asked around 1,500 German clients of Credit Suisse to provide evidence as part of a probe into whether Switzerland’s second-largest bank helped them dodge taxes.The chief prosecutor’s office in the western city of Dusseldorf said in a statement yesterday it had written to them to ask why they had deposited their money with the Swiss bank.“The target of the survey is the explanation of the circumstances under which the investments with Credit Suisse came about,” the prosecutors said in a statement. “It should also be determined who participated in the engagements from the bank’s side.”A spokesman for Credit Suisse declined to comment.German tax authorities had passed on names of the Credit Suisse clients after they turned themselves in for not paying their taxes in full, the prosecutors said. The clients had to respond to the questionnaire as they were contacted as witnesses, the prosecutors said.Searches of Credit Suisse’s private banking offices in Germany last month netted huge amounts of data and more than 100 boxes of material after tax authorities obtained a compact disc with names of alleged tax dodgers this year.That was the latest episode in an international crackdown on suspected tax cheats in offshore centres. Last year, Swiss wealth manager UBS agreed to a hefty settlement after a bitter US tax probe.The Dusseldorf prosecutor’s office sent the Credit Suisse clients 24 questions, including whether there had been any discussion that the funds would not be taxed, whether a courier service transferred funds and whether the possibility of opening two accounts – with one for untaxed wealth – had been addressed. KCS-content Sharecenter_img Thursday 12 August 2010 8:23 pm 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.comzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyFolliboost Haircare SerumThinning Hair? Use this For 1 Month and See What HappensFolliboost Haircare Serum whatsapp whatsapp Tags: NULLlast_img read more

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Vodafone plans retreat from great call of China

first_img Share Vodafone plans retreat from great call of China More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsapp VODAFONE is on the brink of a £4bn sale of its Chinese assets.It will sound out strategic partners before deciding whether to place its stake in China Mobile on the open market in Hong Kong. A lock-up period preventing Vodafone from selling its stake recently ended and the value of the holding has more than doubled since its initial outlay.The move is thought to be partly down to increasingly strained relations with the Chinese authorities. It is also an attempt to appease Vodafone shareholders who have complained the firm lacks discipline, especially surrounding its sprawling international operations.The firm is also likely to sell assets in Poland and eventually France as it moves to concentrate on its core markets. Sources said Vodafone was not under pressure to sell assets to shore up its balance sheet or improve cashflow.Analysts say a disposal of small minority stakes could raise well over £10bn, which could be used to pay off debt, tax bills, buy spectrum and increase share buybacks. KCS-content whatsapp Show Comments ▼ Tags: NULL Monday 30 August 2010 9:19 pmlast_img read more

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Whitbread given a lift by Premier Inn business travellers

first_imgTuesday 7 September 2010 11:00 pm Whitbread given a lift by Premier Inn business travellers KCS-content Share Show Comments ▼ 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanDrivepedia20 Of The Most Underrated Vintage CarsDrivepediacenter_img whatsapp More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida 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.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org WHITBREAD yesterday reported a 14 per cent sales surge across the group – fuelled by a return of business travellers to its Premier Inns and the growth of Costa Coffee. Premier Inn like-for-like sales were 10.7 per cent higher in the 24 weeks to 19 August, while Costa’s like-for-like sales in the quarter jumped another 8.1 per cent. Its hotel chain saw business travellers using its budget hotels jump by a fifth. Overall occupancy of rooms was up almost ten per cent compared with the same period last year. At their lowest rates the rooms are £29-a-night. The company has opened nine new hotels this year with a total of 795 rooms. Chief executive Alan Parker said: “We are very pleased at how well Premier Inns has been performing. The rise in business travellers shows that people want to make the trips but in this age of austerity they want a cheap room. All of our businesses have been performing well.” Whitbread created another 1,000 jobs over the period and now employs 34,000 workers in total. It also owns the Beefeater chain and its restaurant sales were up 4.3 per cent. The company has 98 Costa Coffee franchises, with total sales up 28 per cent. Tags: NULL whatsapplast_img read more

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Aim needs UK companies to aid recovery

first_img Aim needs UK companies to aid recovery by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal 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.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.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.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com whatsapp KCS-content Sunday 17 October 2010 10:59 pm center_img Share THE ALTERNATIVE Investment Market (Aim) is showing signs of a revival, but the junior market needs to attract more UK-based firms to support this return to growth, according to research out today. The market has raised £2.8bn in the first eight months of 2010, said business advisory firm PricewaterhouseCoopers (PwC) in a report released today, though the number of firms incorporated in the UK is now below 1,000 for the first time since 2004. Fewer than 100 companies have joined the market so far this year, down from a peak of 500 in 2005. However, PwC claimed these drops are signs of a new vigilance in the market, which has prevented unsuitable companies from listing. “The big test of this prudent resolve and with it Aim’s credibility will come when growth begins to accelerate again,’ said Simon O’Brien, a partner at PwC. Around one in six newly-listed business are from overseas, compared to around a third before the downturn. “[What] is clear is that Aim can no longer rely on an international presence to drive it forward and will therefore need to renew its domestic focus,” said David Snell, Aim market leader at PwC. Aim, which has raised £70bn in the fifteen years since it began, has outperformed the FTSE index this year, in part due to a return from a starker drop during the recession. Aim All-Share has gained 22 per cent in the year to 30 September, compared to a 11 per cent rise in the FTSE All-Share. Trades in the year to September were worth £21.68bn, according to figures from by the London Stock Exchange, suggesting trading value is on course to match 2009’s level of £33bn. However, trading volumes are set to fall below 2009’s record high, when 205.7bn shares changed hands. PwC also claimed that Aim’s low liquidity still means investors are more likely to gain through a takeover than share price movements. IN THE 12 MONTHS TO 30 SEPTEMBER 2010: |AIM 100 rose by 21%AIM All Share rose by 22%FTSE Small Cap rose by 4%FTSE All Share rose by 11% Show Comments ▼ whatsapp Tags: NULLlast_img read more

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No mass sale of public property

first_img KCS-content whatsapp Show Comments ▼ The civil servant in charge of the public property estate yesterday ruled out the sale of core assets as part of the government’s spending review. “The public sector should try to own the core estate,” said John McCready at a conference, adding that state-owned property would only be sold where they were “non-core” or where the cost of operation exceeded the asset’s value. whatsapp Monday 1 November 2010 9:07 pmcenter_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoverySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap No mass sale of public property Tags: NULLlast_img read more

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Cove Energy to raise £110m

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Show Comments ▼ whatsapp Thursday 4 November 2010 10:15 pm Share whatsappcenter_img KCS-content COVE Energy, the AIM-listed energy group, yesterday said it was raising £110m via a placing of 145m new shares at 76p each.The placing price is at a 4.1 per cent discount to the last closing price.The net proceeds of the placing, together with Cove’s existing cash balances, will be used to fund the group’s share of anticipated costs relating to its existing assets in Mozambique, Tanzania and Kenya and potential new opportunities.Cove, which raised £25.7m in March to fund costs for its assets in Mozambique, recently found a big gas deposit at the deepwater Barquentine exploration well with licence partner Anadarko.Cove shares have more than tripled in value since it found gas at its Windjammer prospect in February,John Craven, chief executive officer of Cove Energy, said: ”I am very pleased to announce this successful conditional placing with institutional and other investors…our ability to attract such significant new equity is testament to the strategy implemented by the board which has yielded a portfolio of quality assets that now contain major gas discoveries at Windjammer and Barquentine and the first oil encountered, offshore East Africa, at the Ironclad well.”CENKOS SECURITIESJOE NALLYCENKOS Securities is Cove Energy’s financial adviser, nominated adviser and broker and is acting as sole book runner to the placing.The team is led by Jon Fitzpatrick in the corporate finance department of Cenkos, and by Joe Nally.Nally and Fitzpatrick, veterans of the sector having had senior roles formerly at Williams de Broe and Brewin Dolphin respectively, are being supprted by a team that includes Ken Fleming, Charlie Henderson, Iain Macarthur, Gregor Paterson, Guy Briselden, Will Dymott and Ashley Kelty. Fitzpatrick joined Cenkos in 2008 from Brewin Dolphin’s Glasgow office while Nally has spent most of his career in the City.Nally, a fun-loving character with a big City following, joined Williams de Broe in 1976 as an investment analyst covering property and insurance companies. In 1992 he was a founder of the institutional corporate finance department at Williams de Broe where he gained experience across a broad range of sectors in IPOs, secondary fund raising and takeovers and mergers, particularly in natural resources. Earlier this year Cenkos, which prides itself on its energy expertise, advised on a money-raising in London for the Canadian group Ithaca Energy. Cove Energy to raise £110m Tags: NULLlast_img read more

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London seventh cheapest city in Europe, survey says

first_img KCS-content whatsapp whatsapp Share LONDON has seen price increases across a number of consumer goods, according to a survey released yesterday.The cost of books, coffee, condoms and digital cameras rocketed between 2009 and this year, said Price Runner, a shopping comparison website.In 2007 the UK’s capital was the second most expensive city in the world, but a retail price war caused prices to plummet in 2008 and 2009. But now they are on the up again, leaving London at number 17 in the league of 32 cities. Mumbai came out as the cheapest city, followed by Bangkok.For the fourth year in a row Oslo was the most expensive city for consumer goods, the survey said.In Oslo a pint of milk is 48 per cent more expensive than in London, according to the study.In Europe, eastern cities (Vilnius, Prague and Warsaw) continued to have the cheapest consumer prices.Out of 21 European cities surveyed, 14 were more expensive than London.“If you’re choosing to shop in Europe, London is still relatively cheap. Many retailers are maintaining low prices across tech and gadgets in a bid to kick start the economy,” said Marc Thomas of PriceRunner.Yet London’s prices are expected to rise further next year, as the government increases VAT to 20 per cent on 4 January. Sunday 5 December 2010 11:12 pm Show Comments ▼ London seventh cheapest city in Europe, survey says More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Tags: NULLlast_img read more

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Travis Perkins keeps target as revenue rises

first_img Tags: NULL Tuesday 14 December 2010 3:48 am 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 TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Travis Perkins keeps target as revenue rises Builders merchant Travis Perkins said turnover for the 11 months to the end of November rose 6.5 per cent and kept its outlook unchanged, as it prepares to complete its takeover of BSS Group.The company also saw an improvement in sales trends in the last two months to 30 November, although it expected the poor weather in December “to have some impact on our sales trends and financial performance for the last month of the year.”It added, however, that it was keeping its outlook for the full year unchanged.Total turnover in its merchanting division rose 8.3 per cent while like-for-like turnover per trading day was up 7.8 per cent. Turnover per trading day for the last two months to 30 November jumped 10.5 per cent.Gross margins for the second half of the year to date are in line with the trend of the first six months, slightly below last year, said the company.In Wickes, total turnover for the 47 week trading period to November 27 was up 2.7 per cent with like-for-like turnover per trading day up 0.6 per cent.In the last eight weeks, however, like-for-like turnover per trading day in Wickes rose 4.2 per cent as shoppers showed evidence of buying ahead of the government’s VAT increase, the company said.Travis Perkins also expects to complete its acquisition of BSS Group. When completed, the deal will create the country’s biggest plumbing and heating trade and retail distribution. Travis Perkins announced the deal for £558m in July.The company also said its underlying net debt, before the acquisition of BSS Group, fell in the fourth quarter from the £410m reported on 30 June. whatsapp Show Comments ▼center_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 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Share John Dunne whatsapplast_img read more

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Anglo in $1bn sale of foreign steel assets

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼ KCS-content Tags: NULL Tuesday 4 January 2011 7:58 pm Share ANGLO American has sold its Moly-Cop and AltaSteel businesses to Australian steel manufacturer OneSteel for $1,076bn (£641m), in the latest move to streamline the mining company’s business and renew its focus on core commodity assets. The sale was initially priced at $932m on a debt and cash-free basis on 14 November 2010, but the final figure has been adjusted to include cash, debt, and certain other adjustments. Moly-Cop, based in Santiago, Chile, manufactures grinding metal and owns facilities across Latin America as well as in Canada. AltaSteel is one of its steel bar suppliers – a mini-mill based in Edmonton, Canada. Control of the companies will pass to OneSteel on 1 July, though approval for the deal is still subject to Canadian antitrust clearance and regulatory review in both Australia and Brazil.The sale also includes joint venture interests in the Donhad grinding media business in Australia, and in GenAlta Recycling in Edmonton, Canada.Anglo announced a programme of intended divestments in October 2009, which comprised a portfolio of non-core assets including the Scaw Metals Group, of which Moly-Cop and AltaSteel are a part. The majority of the assets planned for disposal have since been sold, though certain UK, South African and Latin American assets are still up for grabs. This latest transaction follows the sale of Anglo’s zinc portfolio for £1.3m in May last year. A spokesman from Anglo said that though the rump of the non-core assets had been sold, disposals of its Tarmac UK assets, Scaw South Africa, and phosphate miners Copebrás and Catalão were still in the pipeline. The spokesman said that though plans to sell the remaining assets were underway, timing on the potential deals was yet to be confirmed.Anglo American’s South African shares gained 3.31 per cent on the news, boosting the Johannesburg Stock Exchange Top 40 by 0.39 per cent to close at R28,933.58. The company’s stock on the LSE closed 2.14 per cent up at 3,407p, having surged to 3,468.5p earlier. whatsapp whatsapp Anglo in $1bn sale of foreign steel assets last_img read more

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Carphone says it will reach top of expectations

first_img 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.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads Carphone says it will reach top of expectations Tags: NULL 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 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 WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Show Comments ▼ KCS-content center_img Carphone Warehouse yesterday reported brisk trading, driven by a strong performance in its US joint venture with Best Buy.Europe’s biggest mobile phone retailer said it expects full-year earnings to be at the top end of forecasts.The group, which owns 50 per cent of the venture with Best Buy as well as a 47.5 per cent stake in Virgin Mobile France, said sales phones based on Google’s Android software and growing demand for pre-pay smartphones were the highlights of its Christmas trading. Carphone said its share of full-year profit from its joint venture would be £90-100m. Tuesday 18 January 2011 7:15 pm whatsapp Share whatsapplast_img read more

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