West Coast move for UMG boss Grainge

first_imgSunday 12 September 2010 11:28 pm Share 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 Show Comments ▼ KCS-content LUCIAN Grainge, the newly-ensconced chief executive of Universal Music Group who went out to the US a couple of months ago to take up his new post, has based himself in California.He had originally planned to be based – with his wife and children – in New York before changing plans.Grainge’s move marks a significant shift in the group’s power base, with the chief executive’s office now based at the heart of the wider US entertainment business, encompassing TV and film as well as music.Sources close to Grainge said he would initially move to the Santa Monica office on his own, though they added that “over the course of time it is quite possible that others will join him”. He is currently co-chief executive of Universal, along with chairman Doug Morris, but will assume sole responsibility for the group from 1 January 2011.The move comes after Grainge wielded his influence recently to strike a deal between Universal and entertainment mogul Simon Fuller, under which the group’s Interscope Geffen A&M division will market and distribute albums from the finalists of Fuller’s American Idol show.Grainge joins Universal’s president and chief operating officer Zach Horowitz in California. Morris and chief financial officer Nick Henny are still based in New York.The group’s labels will also remain in their current locations, with Interscope in Los Angeles and Island Def Jam and Universal Motown in New York.Grainge left the UK earlier in the summer after leaving his position as head of Universal’s international division. He was given a star-studded send-off at a party at the Mandarin Oriental hotel in Knightsbridge, where artists including The Killers, Duffy and Amy Winehouse joined the likes of Lord Mandelson, Lloyds chairman Lord Levene, WPP boss Sir Martin Sorrell and Topshop billionaire Sir Philip Green to pay their respects. center_img whatsapp 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.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia West Coast move for UMG boss Grainge whatsapp Tags: NULLlast_img read more

Majestic sees its wine sales flow faster

first_img Majestic sees its wine sales flow faster 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 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 whatsapp Show Comments ▼ Monday 15 November 2010 8:14 pm MAJESTIC Wine said yesterday its half-year profits had jumped by a fifth as it said it continued to benefit from slashing its minimum order from 12 bottles to six.Reduced competition on High Street sales had a positive impact after the First Quench group – whose brands included Threshers – plunged into administration.Majestic made pre-tax profits of £7.3m in the six months to 27 September.Overall group sales rose 10.2 per cent to £117.6m.The firm saw a strong rise in demand for its more expensive wine – priced at over £20 per bottle – despite the tough consumer climate.Chief executive Steve Lewis said: “People are prepared to spend quite a bit on a good, interesting, compelling bottle of wine.”“If you spend £20 in a restaurant, you’ll get quite an ordinary bottle of wine, so we’re seeing people buying good quality wine to drink at home.”Lewis said that it was a mistake to think that “everyone is in austerity”, citing “an enduring British love affair with food and wine”.Majestic said that, despite reducing its minimum order in September, the average transaction had only decreased by 7.2 per cent to £122.The group has 160 UK stores, plus a French business – Wine and Beer World – which has two outlets in France, one in Calais and the other in Cherbourg. Total sales were boosted at these stores by the introduction of a guarantee that its wine prices were at least £2 per bottle cheaper than in its UK stores.Lewis added: “We have seen a substantial increase in the number of customers on our database who have shopped in the past year, up 14 per cent to 496,000.” center_img Share KCS-content Tags: NULL 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 FollowAlphaCuteBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Lifelast_img read more

Stagecoach profit drives forward

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp Show Comments ▼ whatsapp 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 Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 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 NowHealthyGemcenter_img John Dunne TRANSPORT group Stagecoach posted a 43 per cent rise in first-half profit, driven by growing ticket sales across its bus and rail operations, and said the positive trend had continued into the second half.The bus and rail operator on Wednesday reported a pretax profit of £108.7m on revenues 4.8 per cent higher at £1.13bn for the six months to the end of October.Stagecoach, which earlier this year re-entered the London bus market after buying the East London Bus Group, boosted the interim dividend by ten per cent to 2.2 pence and said the outlook for the remainder of its fiscal year was good.“We have made a good start to the second half of the financial year and current trading remains in line with management expectations,” said Chief Executive Brian Souter.“While we continue to monitor closely the rate and sustainability of economic recovery, we look forward with confidence and believe the outlook is positive for our bus and rail services.”Like-for-like revenue at Stagecoach’s UK rail business, which includes the South West Trains London commuter franchise, grew 6.4 per cent in the period, while Virgin Rail, in which it owns a 49 percent stake, achieved sales growth of 14.8 per cent in the same period.Underlying revenue at its UK bus unit rose 2.3 per cent, while its North American coaches operation posted a 7.5 per cent rise in like-for-like sales, shrugging off tough economic conditions.Shares in Stagecoach, which have risen 10 percent in the last three months, closed at 215 pence on Tuesday, valuing the group at around £1.5bn. Stagecoach profit drives forward Share Wednesday 8 December 2010 2:56 amlast_img read more

Posen warns against inflation “overreaction”

first_img Bank of England Monetary Policy Committee member Adam Posen has warned policymakers not to overreact to inflation which remains above target.“The first point I want to make is that neither our forecast nor our policy going forward should overreact reflexively to that above target inflation, even though it will persist for the next few months after the coming VAT rise,” he said. John Dunne whatsapp Thursday 16 December 2010 4:41 am 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 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 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 NowHealthyGemcenter_img whatsapp Share Tags: NULL Show Comments ▼ Posen warns against inflation “overreaction” last_img read more

Euro Zone inflation higher than expected

first_img whatsapp Show Comments ▼ Euro Zone inflation higher than expected Share Tuesday 4 January 2011 6:22 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition whatsapp Tags: NULL John Dunne Euro zone inflation was higher than expected in December, exceeding the European Central Bank’s target for the first time in two years, but economists believe the bank will keep interest rates unchanged well into 2011.The European Union’s statistics office Eurostat estimated that prices in the 16 countries that shared the euro currency in December rose 2.2 per cent year-on-year, up from 1.9 per cent in November.It was highest year-on-year rate since October 2008, when it came in at 3.2 per cent. Economists polled by Reuters had expected inflation of two per cent. The ECB wants to keep price growth at just below two per cent.Eurostat does not provide a monthly figure or a detailed breakdown with its estimate, which will come on 14 January.But economists said the rise in inflation was mainly due to energy and food price rises. BNP Paribas economist Clemente de Lucia, said that between December and November oil prices rose by around seven euros per barrel, the strongest monthly increase in more than two years.Year-on-year oil prices were up by more than 18 euros, which probably boosted energy prices by around 10 percent year-on-year, de Lucia said.“This commodity-price driven rise in inflation will only have implications for ECB policy if the central bank were to see second round effects emerging, in terms of knock-on effects on other prices or rising inflation expectations,” said Nick Kounis, head of macroeconomic research at ABN AMRO bank.“That only seems likely if we were to see a long period of high inflation, but on the basis of current levels of commodity prices, we think that inflation will ease back down again during the course of this year,” Kounis said.In November it was more expensive energy, especially fuels for transport, heating oil and gas, that was the main driver of inflation.But economists said that excluding price-driving effects of the tax hikes implemented in many countries, the inflation rate would have been some tenths lower.Further adjusted for volatile energy prices, the underlying inflation would be no more than around 1 percent, they said.“There is no need for monetary policy to act, with underlying inflation still at one per cent. We continue to expect the ECB to start hiking rates only in 2012,” said Christoph Weil, economist at Commerzbank.But other economists said the ECB could raise the costs of borrowing earlier.“We are predicting inflation of two per cent in 2011 and that means that keeping interest rates at historical lows will no longer look appropriate,” said Thomas Mayer, Deutsche Bank’s chief economist.“We think that the ECB will have to move interest rates upwards in the second half of the year. It is the beginning of a careful normalisation,” he said. last_img read more

UK’s factory growth hits a 16-year peak

first_img Show Comments ▼ 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapp Tags: NULLcenter_img BRITISH manufacturing growth hit a massive 16-year high in December, it was revealed yesterday.Extreme weather and tough economic conditions had led economists to expect a fall in the Purchasing Managers’ Index. Yet the measure of business activity improvement rallied to 58.3, its fastest rate of growth since 1994.The index, compiled by Markit and the Chartered Institute of Purchasing & Supply’s, has now remained above 50 – signalling growth in the manufacturing sector – for 17 straight months.Broad based improvements were behind the rise, with factory output and new orders both jumping to seven month highs. “This is a fantastic report,” commented Howard Archer of IHS Global Insight. “Healthy orders growth in December bodes well for manufacturing output in early 2011.”To cope with the backlogs, and more new orders, firms increased their levels of employment so that jobs growth was recorded for the ninth successive month.“This boosts hopes that the private sector may be able to compensate for the public sector job losses that are increasingly on the way,” said Archer.“However, manufacturing output only accounts for 12.8 per cent of GDP,” Archer warned, while manufacturing provides less than nine per cent of jobs in the economy.The rise in manufacturing was “underpinned” by new export business, the report said, “reflecting increased sales to clients in mainland Europe, the US and East Asia.” Export orders upticked by two points to 59.9, the second highest rate of 2010. “Exports will be key to the outlook for 2011,” said Andrew Goodwin of the Ernst and Young Item Club. “The index contains evidence of strong demand, even from the Eurozone where the sovereign debt crisis has seemingly been unable to dent demand for UK goods at this stage,” he said.However, the news was slightly dampened by rising prices, as the UK faces the prospect of even higher inflation. Growth was recorded in both input and output prices, with input prices seeing the steepest rise in inflation since the survey began in January 1992. Tuesday 4 January 2011 7:40 pm UK’s factory growth hits a 16-year peak Share 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 AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comlast_img read more

London is still at forefront of business world

first_img Share whatsapp Tags: NULL 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 Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com London is still at forefront of business world Sunday 16 January 2011 10:01 pm THERE is no doubt in my mind that despite the uncertainty surrounding taxation and regulation and despite the continuing public anger, unfavourable media reports and a degree of political point-scoring, the City of London remains – in the eyes of the international business community at least – one of the most attractive financial centres in the world to do business.This point was made clear last week when the City of London Corporation hosted high profile delegations from two of our key international partners.On Monday, as part of his European tour, the Chinese vice-premier, Li Keqiang, visited Mansion House to meet the chancellor and leading figures from the City, while on Thursday, French Prime Minister François Fillon addressed an audience of more than 200 people at Guildhall.The one thing both of these distinguished guests had in common was a commitment to developing closer links with the City.London’s pre-eminence as a business hub places it firmly at the centre of an increasingly globalised marketplace and positions it to be a driving force behind the global economic recovery.The Chinese vice-premier was particularly interested in the lessons he could take back about developing a world-class business environment.Shanghai and Beijing are already huge centres for international finance and trade but, as world focus inevitably shifts towards the emerging markets in Asia, the potential for further growth is huge. Through meetings such as the one last week, the City of London is working to ensure UK-based firms are at the forefront of this growth.The City of London is not just outward looking; it is also one of the 32 boroughs of Greater London, providing services for workers and tourists as well as for our 9,000 residents.Last Thursday, Mansion House hosted more than 300 guests – including the leaders of the vast majority of these 32 Boroughs – at the London Government Dinner, where the mayor of London, Boris Johnson, the leader of London councils, mayor Jules Pipe, and of course our own lord mayor all spoke about the challenges we are facing.Again, there was a common thread in all of these speeches. Everyone involved in running London recognises that it is a fantastic place to live, to work and to visit and is determined to ensure this remains the case.Judging from the conversations I have had this week, reports of the demise of the City are certainly premature.It is clear however there is much work to do if London as a whole is to keep its competitive position in a fast-changing world economy and if it is to remain somewhere in which people – whatever their business background – continue to want to visit and to live.Stuart Fraser is the policy chairman at the City of London Corporation whatsapp Show Comments ▼ KCS-content last_img read more

Intel boosts its dividend and ups buyback

first_img Intel boosts its dividend and ups buyback KCS-content More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Monday 24 January 2011 7:34 pm whatsapp Show Comments ▼ whatsapp INTEL yesterday boosted its share buyback plan by $10bn (£6.3bn), seeking to revitalise its flagging stock amid criticism it is getting left behind by rivals like Nvidia in a red-hot, fast-moving mobile market.Intel is increasing its quarterly dividend by 15 per cent to 18.12 cents per share and the extension of its share buyback funds increased the amount available for repurchases to $14.2bn, a sizable amount compared to Intel’s market capitalisation of $116bn. The world’s largest chip maker has splashed out in the past year on two major acquisitions, including security software firm McAfee, and plans to double its capital expenditure. Now it is again reaching into its $22bn cash hoard to try to assuage investors peeved at a seemingly moribund stock price. Intel commands 80 per cent of the PC market, a situation expected to persist for years. Share Tags: NULLlast_img read more

City needs to focus on growth to aid economy

first_img Show Comments ▼ whatsapp Sunday 6 March 2011 10:43 pm Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com City needs to focus on growth to aid economy whatsapp AS we edge closer to this month’s Budget, the UK business community has been calling for a clear growth strategy that will help to turn austerity into prosperity.The government has already taken tough decisions on dealing with the deficit by reducing spending – not easy in these challenging economic circumstances. I was however pleased to hear Business Secretary Vince Cable shift the agenda by placing his focus firmly on growth when he spoke at last week’s Trade and Industry Dinner.The City has been at the centre of world trade and industry for many centuries. Indeed, Mansion House was built in the 18th century on one of the earliest places of commerce in London, the medieval “Stocks Market”. We need to turn to these pillars of growth again. It is clear the private sector has a crucial role to play in delivering the investment, wealth creation and jobs needed to compensate for reduced public expenditure over the coming years.The City already makes a huge contribution to the UK, accounting for 10 per cent of GDP, over £53bn into the Exchequer, 300,000 jobs in the City of London – and another three quarters of a million in financial services across the country. The City also accounts for £42bn in net exports, half the UK’s deficit on trade and goods. And as CBI data shows, strong growth of financial services in the second half of 2010 helped to drive investment in the wider UK economy. The City has the scale and liquidity to support both our largest firms and the 4.8 million SMEs across the country. If even 20 per cent of these were to tap into the wealth of available opportunities and hire an extra worker the benefits for the economy would be immense.Job creation is the best economic policy so we must pro-actively take the City’s offering to the world – particularly to the emerging markets. Over the next five years, emerging economies are expected to account for over 50 per cent of global growth. Some have pointed out that capital in these markets is moving away from developed countries – especially New York and London. In fact, our competitors for business in emerging markets are often emerging markets themselves.London is a natural location for trade and investment with these rapidly developing countries but we must persuasively continue to make the case. That is why I visited Turkey early in the New Year, and recently returned from two weeks in the Gulf States.In many ways, British history is a story of trade and industry. Strengthening these longstanding relationships will be vital to writing a more prosperous future for the UK and the world. Michael Bear is Lord Mayor of the City of London KCS-content Tags: NULLlast_img read more

Hedge funds set to grow

first_img Hedge funds set to grow 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 TimesPeople 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tuesday 8 March 2011 7:52 pm whatsapp Share Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comcenter_img HEDGE fund investors expect a bumper 2011 with assets likely to reach an all-time high of $2.25 trillion (£1.38 trillion), a survey yesterday found.Net inflows to funds globally are expected to almost quadruple in 2011 to $210bn from $55bn in 2010, the Deutsche Bank Alternative Investment Survey found. The industry managed assets of $1.92 trillion at the end of 2010, according to data from US-based firm Hedge Fund Research.Fund managers expect to cut cash holdings by $29bn in the next six months to put more money to work.“Bullish sentiment on market performance, flows and industry dynamics were the clear messages conveyed by the investors,” the report said. High demand from institutional investors is driving growth. More than 80 per cent of sovereign wealth funds, foundation and endowment funds, pension and insurance companies plan to either add to or maintain their hedge fund allocations. “We believe the industry is poised to continue to become a more and more significant part of the asset management industry,” the report said. whatsapp KCS-content Tags: NULLlast_img read more