C Hoare clocks up record profits

first_img More From Our Partners Brave 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com whatsapp Tags: NULL 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 HeraldUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo KCS-content C Hoare clocks up record profits center_img Private bank C Hoare & Co reported a jump in profits of 62 per cent last year to £24m. The bank’s deposits rocketed 13 per cent to £1.9bn as it bounced back strongly from the financial crisis. Chairman Lord Wilson of Dinton said: “As a policy matter the bank chooses not to enter into a bidding war for deposits, preferring to offer security and superior service to customers.”The results are the first to be reported since the appointment of Jeremy Marshall last year as chief executive.The former Credit Suisse banker took the reins from Alexander Hoare, a descendent of the bank’s original founder who formed the institution 340 years ago. The bank is renowned for its safety-first approach and caused a stir in the City when it ditched UK gilts in favour of a deposit with the Bank of England. whatsapp Sunday 15 August 2010 10:29 pm Show Comments ▼ Sharelast_img read more

Shell in refinery sale talks

first_img KCS-content Monday 6 September 2010 8:16 pm Shell in refinery sale talks Share Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’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 ProofTortilla Mango Cups: Recipes Worth CookingFamily 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼ whatsappcenter_img whatsapp Tags: NULL ROYAL Dutch Shell is in exclusive talks with Finnish fuel distributor St1 to sell the oil major’s Swedish refinery, both companies said yesterday.If the companies reach an agreement, it would be the second European refinery deal for Shell in a short period, following the sale of its German refinery in late August. Both of them are relatively small plants that supply local markets.“Shell and St1 have entered into exclusive negotiations for the potential sale of Shell’s downstream businesses in Finland and Sweden to St1,” Shell said in a statement. A Shell spokesman said the talks included the Gothenburg refinery.Mika Anttonen, St1 board chairman added: “We are negotiating with Shell.”Neither Shell nor St1 specified the value of the deal or any further details. 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 CarsDrivepedialast_img read more

Blackstone’s James says capital is difficult to raise

first_img TONY James, president of US private equity business Blackstone Group, said yesterday there isn’t enough capital available from investors to fund all the opportunities he sees in the market.“In 2005 and 2006, if you put it out well, you could raise as much as you could invest,” James, 59, said at the Bloomberg Dealmakers Summit in New York. He added: “That’s no longer the case.”Blackstone, the world’s biggest private-equity firm, has raised $13.5bn (£8.6bn) for its sixth buyout fund, 40 per cent less than it gathered for its previous pool. In the past year, the company has sold $1bn of debt to fund acquisitions and hire teams to diversify to offset a decline in buyouts. Its largest unit runs fund of hedge funds and credit investing, with $52.4bn of assets. “The economics are not going to be attractive for a few years,” James said. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Share KCS-content Show Comments ▼center_img Blackstone’s James says capital is difficult to raise Thursday 30 September 2010 10:28 pm whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tags: NULLlast_img read more

Buyout deals enjoy strong third quarter

first_img whatsapp Tags: NULL KCS-content whatsapp Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comcenter_img 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.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlush Buyout deals enjoy strong third quarter Show Comments ▼ Sunday 3 October 2010 10:30 pm PRIVATE equity firms enjoyed a strong third quarter, taking the average value of merger and acquisition (M&A) deals to their highest for three years, KPMG research has revealed.Its latest management buyout research showed nearly £9.3bn changed hands in the last three months, almost three times the value of M&A deals in the previous quarter, which stood at £3.6bn, despite a lower volume of deals being completed.The average value of M&A deals was in the region of £180m, a figure last seen in 2006, although the number of deals remains at the 2003 level of around 30 per quarter.Private equity fund managers took advantage of the summer while their rivals were away on holiday, KPMG said, recording three £1bn deals during July and August.Among recent deals to make headlines were Canadian Pension Plan, Onex’s acquisition of engineering firm Tomkins for nearly £3bn. Another deal was the buyout of vending machine company Autobar by CVC Capital Partners for £1bn in August. Meanwhile, Advent International and Bain Capital’s acquisition of financial services firm RBS Worldpay for just under £2bn was the largest private equity deal since 2008. last_img read more

Banco Popular addresses capital

first_img Share Tuesday 16 November 2010 9:22 pm Spanish bank Banco Popular is to reinforce its position ahead of the new Basel III regime on capital adequacy, with plans to raise up to €679m (£577m) of new capital. The bank will strengthen its capital base by €579m-€679m with a 3 per cent capital increase taken up by France’s Credit Mutuel-CIC, and a €400-500m bond issue for retail investors compulsorily convertible into shares. Chairman Angel Ron said: “Banco Popular’s capital will be well above the minimum core capital requirements and will thus achieve a position of advantage.” 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 KCS-content Banco Popular addresses capital whatsapp Tags: NULL Show Comments ▼ whatsapplast_img read more

CAN KESA SUSTAIN ITS DRIVE FORWARD IN TOUGH MARKETS?

first_img CAN KESA SUSTAIN ITS DRIVE FORWARD IN TOUGH MARKETS? Share whatsapp PHILIP DORGAN| ALTIUMComet was hit by the costs of store refits and a rebranding exercise, but it is difficult to see much in the way of margin improvement over the next 12 months. The Darty story remains strong. We maintain our ‘buy’ recommendation on the view that the shares are not expensive on fundamentals and have reasonable upside on an alternative scenario.RAMONA TIPNIS| SHORE CAPITALThe elimination of losses in Kesa’s developing markets is continuing apace (as it is at Dixons). We retain forecasts for now and reiterate our ‘sell’ recommendation as performance across the group has been as expected. The UK accounts for over 25 per cent of sales but is a very small portion of profits and this needs to show a step change.KEITH BOWMAN | HARGREAVES LANSDOWNWhen balancing recent share price strength against still intense competition and accompanying cautious management comments, market consensus opinion currently denotes a ‘hold’. Half-year profits have exceeded forecasts, aided by a management focus to increase online sales. A previously announced strategy to emulate many of the initiatives being pursued by rival DSG has also played its part. Wednesday 8 December 2010 7:21 pm KCS-content center_img 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 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 whatsapp Show Comments ▼ 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 Tags: NULLlast_img read more

Diageo considering bid for Turkey’s biggest spirits company

first_img Show Comments ▼ DIAGEO, the world’s biggest drinks company, has expressed interest in buying Turkish spirits company Mey Icki for up to $2.5bn (£1.6bn), Reuters sources have said.Diageo is in preliminary talks to buy Mey Icki, Turkey’s leading spirits producer, offering owner TPG an alternative to an initial public offering (IPO).The early-stage discussions could be the first step in a dual-track process, considering both a sale or a market listing.“The talks are early stage, and it is unclear whether they will lead to anything,” the person told Reuters.TPG Capital, the owner of Mey Icki, has been exploring an IPO of stock in the company.It has mandated JPMorgan, Goldman Sachs, Credit Suisse and Bank of America Merrill Lynch to run the IPO, a source close to the deal previously told Reuters.The private equity firm bought Mey Icki, the dominant producer of Turkey’s national drink, raki, for about $800m in 2006.Diageo, maker of Johnnie Walker Whisky, Tanqueray gin and Smirnoff vodka, could not be reached for comment. TPG declined to comment. alison.lock 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 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 Friday 10 December 2010 7:28 am Share whatsapp Diageo considering bid for Turkey’s biggest spirits company Tags: NULLlast_img read more

Government is likely to stagger bank stake sales

first_img THE government is likely to sell its stakes in state-backed banks Lloyds Banking Group and Royal Bank of Scotland in several tranches, a senior Treasury civil servant said.“As and when these shares are sold into the market, just the sheer scale of the holdings will make this, I think, the biggest UK share sale ever,” Nicholas Macpherson, permanent secretary to the Treasury, told a parliamentary committee yesterday.“I do not want to prejudge the future, but my guess is you would do it in a series of tranches and you would be very much trying to test the market,” he said.Asked about bonuses some RBS staff were likely to receive, Treasury official Tom Scholar said it was necessary to pay market rates to keep skilled staff and, ultimately, secure a decent return for taxpayers.“Maintaining shareholder value is critical to getting value for money for the taxpayer,” Scholar said.“If we want to sell our shareholding and make a decent return on it, we need top quality management… because of the market in which these people operate, I am afraid we have to pay them more than the Prime Minister’s salary.” Tags: NULL Tuesday 8 February 2011 9:17 pm Show Comments ▼ whatsapp KCS-content Sharecenter_img whatsapp More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.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.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com 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 TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 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 Government is likely to stagger bank stake sales last_img read more

US delays AIG share sale

first_img whatsapp US delays AIG share sale Wednesday 9 February 2011 8:25 pm Tags: NULL Show Comments ▼ More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Sharecenter_img THE US government is likely to sell the first $20bn (£12.4bn) of its stake in insurer American International Group (AIG) later this year instead of March, sources told City A.M. yesterday.The sale was mooted to take place as early as next month after the completion of the recapitalisation process. Bankers pitched in January to arrange the sale of the $20bn tranche of AIG stock as the government exits its 92 per cent stake in the insurer. But arranging the sale so quickly has not been possible and it now looks likely to happen in May after AIG’s first-quarter results announcement.AIG yesterday said its Chartis business had taken an unexpected $4.1bn charge for claims on older policies for asbestos exposure and workers’ compensation. The insurer said an internal review found it needed to set more capital aside to cover claims that date mainly from 2005 or earlier. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeStyleVamp11 Celebs And Their Historical DoubleStyleVampBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadavirimi.com14 Efficient Arm Workouts To Build Might & Muscle – Virimivirimi.comadvisor15 Plants that Repel Mosquitoes Naturallyadvisorcutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comAmoMediaSpoiled Guy Mocks Waiter, Dad Teaches Him Cruel LessonAmoMediaHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestination KCS-content whatsapplast_img read more

City will drive Britain out of the recession

first_img whatsapp KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndo Tags: NULL Show Comments ▼ Sharecenter_img whatsapp FINANCIAL services will be at the heart of the economic recovery this year, an academic research group said today.Along with Britain’s resurgent manufacturing sector, “growth in 2011 will be driven by financial and business services and by computing services,” Cambridge Econometrics found. Banking and finance will stimulate growth in several key business services, it said.“We expect financial and business services to account for larger shares of value-added and employment than it did in 2007,” it said.And the private industry will more than make up for job losses in the government sector, it said.“Between 2010 and 2015 we expect employment in the public sector to fall by just over 400,000, and employment in the private sector to increase by more than 700,000,” the report said.However, the group warned that the labour market faces a “bleak” year, before recovering from 2012 onwards. Thursday 10 February 2011 8:14 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut City will drive Britain out of the recession last_img read more