Greece to slash deficit and extend cuts

first_imgMonday 4 October 2010 10:07 am Show Comments ▼ whatsapp whatsapp John Dunne Tags: NULLcenter_img Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndo Share GREECE will cut its budget deficit to seven per cent of gross domestic product (GDP) and launch a fresh wave of cuts in the public sector it said in its draft budget.The budget, aimed at convincing European leaders that it is on track to tackle its deficit crisis, would see the debt narrowed more than expected. Under an agreement with Europe Greece is required to cut the level to 7.6 per cent.The country’s fiscal gap in 2011 would be €16.35bn, down from €18.5bn this year, according to the documents.Revenue will rise 6.9 per cent on a year-to-year basis to €56.3bn, and expects spending will fall 5.9 per cent to €67.5bn, according to the draft budget.It also forecasts that the Greek economy will shrink by 2.6 per cent in 2011 after a drop of four per cent in 2010. Greece pledged to promised to cut its budget deficit from 13.6 per cent of GDP in 2009 to 8.1 per cent by the end of this year in order to secure a €110bn bailout. The country has set in motion a series of emergency measures including a blitz on unpaid tax and public sector cuts which have triggered a series of strikes. Despite the economic storm China has backed Greece’ s recovery package with a support for the country’s shipping industry and a pledge to buy Greek government bonds. Greek bonds were Europe’s top performers last quarter, gaining for the first time since the debt crisis began.Finance Minister George Papaconstantinou said: “We are on a path of aggressive fiscal adjustment. In just one year we did the biggest deficit reduction ever managed by a euro zone country.”The country’s deficit almost hit 14 per cent last year. More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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 Greece to slash deficit and extend cuts last_img read more

BP’s Bob Dudley outlines post-spill risk strategy

first_img Share whatsapp Tags: NULL THE NEW chief executive of oil giant BP will today use his first official speech in the UK to lay out his commitment to radically shake up the company’s safety and risk operations in the wake of the Gulf of Mexico spill.Bob Dudley, who officially took over from much-vilified former chief executive Tony Hayward at the beginning of the month, will deliver a pledge to delegates attending the CBI’s annual conference today that BP will, “over time, become the best company in [the oil] industry at managing risk”.“We are committed to learning the lessons from these shattering events at all levels and in a way that goes far beyond the specifics of deepwater drilling,” he will say.Dudley will lay out the actions BP has already taken to ensure that such a disaster does not happen again, including creating a new safety and operational risk division with the power to intervene in all aspects of the company’s technical activities, and improving transparency and accountability at its upstream operations by splitting the unit into three separate exploration, development and production divisions.Hayward has now taken up a position on the board of BP’s Russian joint venture, TNK-BP. KCS-content Sunday 24 October 2010 10:55 pm Show Comments ▼ BP’s Bob Dudley outlines post-spill risk strategy Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky 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 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 whatsapplast_img read more

Services sector up – but tough times ahead

first_img whatsapp Show Comments ▼ Wednesday 3 November 2010 6:26 am Tags: NULL Services sector up – but tough times ahead Activity in the services sector unexpectedly gathered pace in October – but forecast for the rest of the year are weakening.The figures are likely to support expectations that the Bank of England will vote not to inject more stimulus into the economy this week but leave that option open further down the line if the economy worsens.The headline business activity index in the Markit/CIPS PMI index rose to 53.2 last month from 52.8 in September, the highest reading since June and confounding forecasts for a dip to 52.5.The improvement was led by a rise in new business, although the expectations index fell a full point and the employment index slipped back below the 50-level that separates expansion from contraction as firms braced for tough conditions ahead.“On both output and new orders measures, rates of expansion remain soft compared to long-run averages, as companies continue to digest the true effects on the economy of the coalition government’s Comprehensive Spending Review,” said Paul Smith, senior economist at Markit.“The latest data therefore suggest that the sector is set to make a below-par contribution to GDP in the coming months.”Nonetheless, Bank policymakers are also likely to be concerned by news of growing inflation pressures in the services sector, with firms ramping up their prices at the fastest pace in two years in response to increases in energy and wage costs.Wednesday’s PMI data, which covers firms that make up around 40 per cent of GDP, came after an unexpectedly robust survey of manufacturing activity and surprisingly weak construction PMI data this week. On balance, the figures suggest Britain’s economy made a solid start to the final quarter of this year.However, the survey also showed that companies remain cautious about the outlook and want to see how the 80 billion pounds of spending cuts laid out by the government last month will affect people’s spending decisions.“A number of respondents reported the deferral of client spending, reflecting continued uncertainty over the impact of government spending cuts on the economy,” Markit said.“Such concerns again dominated service providers’ expectations, with business confidence remaining historically subdued.” center_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoGloriousaCouple Wins Lottery, 5 Years Later, Their House Had To Be DemolishedGloriousaUndo John Dunne Share More From Our Partners Native 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.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comlast_img read more

The real issue is the size of the state

first_img Show Comments ▼ More From Our Partners Astounding 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.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.com KCS-content Thursday 9 December 2010 9:12 pm The real issue is the size of the state FORGET about the students, the violence and the row over tuition fees. The real debate is not about the cost of universities. It is between those who think the state should account for an ever-greater proportion of the economy and society – and those who believe that the only way there will be any progress in Britain is for the government to shrink. For the past decade, all of the pressure has been one way: towards an ever-larger state, funded by ever-greater amounts of tax (either on current workers, investors and consumers, or on their children via debt). The coalition is attempting to gradually reverse this trend. Its task is immense, as the latest figures from the OECD, published in its November economic outlook, demonstrate. Public spending troughed at 36.6 per cent of GDP in 2000, after which Gordon Brown turned on the spending taps. By 2007, spending had increased to 44.1 per cent of GDP, an astonishing rise of 7.5 percentage points of GDP. Then came the recession and the decision to continue spending at even greater rates. Public spending jumped to 47.4 per cent of GDP in 2008 and then to 51.4 per cent of GDP in 2009; we waved good-bye to capitalism and became a socialist country. State spending remained at 51 per cent of GDP in 2010; the private sector spent less than half the nation’s income and the government more than half. Public spending has increased by 14.4 percentage points of national income in just a decade. If all goes well, the government’s share will fall back to 49.9 per cent next year, hardly a revolutionary change. All of these figures actually underestimate the state’s real size and exaggerate that of the private sector: GDP includes value added tax, which means that the tax to GDP ratio involves double-counting.Of the 28 OECD countries, the UK is the tenth highest ranked by state spending as a share of GDP. The old free-market model is dead and buried. It is an astonishing transformation – one made all the more extreme by the fact that public spending is lower in London and the home counties – and concentrated in the rest of the UK. If you were a social-democrat and believed that more public spending meant better public services, you would expect the quality of the UK’s schools to have improved beyond recognition. Yet the facts tell a completely different story. According to the OECD’s Pisa stats from earlier this week, England has fallen from 7th in reading in 2000 to 25th today, from 8th to 27th in maths and 4th to 16th in science. These findings are a disgrace. If they weren’t so self-interested, the left-wing agitators and students in the streets of London yesterday would have been protesting about the decay and rot in the UK’s primary and secondary education system, caused by governments of all parties and intensifying during the Labour years. And what about the view that massive public spending will keep unemployment down? Again, the facts tell a different story. Official numbers (from a year ago) reveal that there are 5.87m adults on one of the out of work benefits, 15.8 per cent of the working age population. This extraordinary figure, which will have only slightly improved since, includes everybody officially on the dole, as well as all those on other benefits such as incapacity. We have tried big government. It has almost bankrupted the country. It hasn’t delivered the goods. It is time for the real debate to [email protected] whatsapp Share whatsapp Tags: NULLlast_img read more

Entrepreneur backs FSA report into failings at the Queen’s bank

first_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 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 NowHealthyGem Tags: NULL whatsapp Entrepreneur backs FSA report into failings at the Queen’s bank 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 KCS-content center_img whatsapp Sunday 19 December 2010 10:16 pm TYCOON Sir Keith Mills has welcomed the investigation of the Royal Bank of Scotland by the FSA, in the hope it sheds light into failings at the Queen’s bank Coutts.The millionaire is in the process of suing the bank, a division of RBS, after he was advised to invest £65m of his fortune in AIG Life Premier Bonds.The bank assured Sir Keith, who made his name as the man behind Air Miles and the Nectar loyalty card, that his money would be safe in AIG, before the insurer hit financial difficulties last year.The FSA last week said it would publish a report into failings at RBS which led to its government bailout.Sir Keith said: “I am delighted that the FSA has initiated an investigation into the sale of AIG bonds by Coutts. I have long maintained that Coutts misrepresented the nature of the investments it sold to me and others.” Show Comments ▼ Sharelast_img read more

CBI forecasts sluggish start to 2011

first_img whatsapp Share CBI forecasts sluggish start to 2011 alison.lock Monday 20 December 2010 4:27 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 whatsappcenter_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 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 NowHealthyGem UK economic growth will drop to a “very sluggish” level in the first quarter of 2011 as consumer spending weakens, the Confederation of British Industry has said.Reduced household spending after the VAT rise will hold back first-quarter growth to about 0.2 per cent, down from 0.8 per cent at present and a slight reduction on its previous forecast of 0.3 per cent.The CBI’s latest economic recovery revised the 2012 growth forecast upwards to 2.4 per cent, but said this is still very subdued for the late stages of a recovery.“The pace of recovery in the UK economy has been slightly stronger over the past year than we and many others had expected, and somewhat faster than typical during the first year out of a recession. “But we do not expect that rapid pace of growth to continue over the next two years of recovery,” said CBI chief economic adviser Ian McCafferty. The forecast cautioned that inflationary pressures will remain high over the course of 2011, and “significantly exceed” the stated two per cent target of the Bank of England.“The persistent strength of energy and commodity prices is a growing concern, as it is likely to mean that inflation does not fall back quite as sharply as many hope,” McCafferty said.The CBI said it expected the Bank to begin to “normalise” monetary policy in the spring, followed by a slightly faster stimulus withdrawal over the second half.It expected interest rates to rise from the current record low of 0.5 per cent to 2.75 per cent by the fourth quarter of 2012.But the CBI still believes a double-dip recession is unlikely, even if the recovery remains “fragile” and has predicted “fairly modest” growth of 0.4 per cent, 0.5 per cent and 0.5 per cent over the second, third and final quarters of 2011. Show Comments ▼ Tags: NULLlast_img read more

Earnings up at price website

first_img Show Comments ▼ BRITISH price comparison website Moneysupermarket.com said yesterday it expected full-year core earnings to be at the upper end of expectations after trading improved across all its sectors.The site, which offers services such as travel, insurance and money, said trading in the fourth quarter had continued to be strong boosted by its advertising campaign fronted by comedian Omid Djalili and Labour politician Lord Prescott.It now expects full-year revenues to be in the region of £149m and adjusted Ebitda to be at the upper end of market expectations at around £41m.“Trading improved throughout the course of the second half of the year in all of the group’s verticals with UK internet revenues and adjusted Ebitda approximately 13 per cent and 32 per cent respectively ahead of the second half last year,” said the company. The group said it had cash balances of £36.5m and was debt free at the end of the year.Shares in Moneysupermarket.com closed 10.86 per cent up on the results at 85p. In a note, Numis Securities said: “We believe that Moneysupermarket.com remains attractive to investors on a number of levels.” whatsapp whatsapp Earnings up at price website Share Tags: NULLcenter_img KCS-content Wednesday 12 January 2011 8:23 pm Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap 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 TimesBrake 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 Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com last_img read more

Green & Black’s considers MBO

first_img Green & Black’s considers MBO Sunday 16 January 2011 10:59 pm whatsapp Show Comments ▼ Organic chocolate maker Green & Black’s management is looking for ways to extricate the company from Kraft, according to reports. The firm’s management is said to be struggling to retain an entrepreneurial spirit now they are part of the food giant Kraft, which bought out Cadbury’s last year. The Financial Times reported Green & Black’s was considering either a management buy-out or a partial MBO. Last night a Kraft spokesman told City A.M. the firm would not comment on market rumours. Share KCS-content 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 whatsapp Tags: NULLlast_img read more

Miliband reaches out to Lib Dems

first_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 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 Share KCS-content Sunday 16 January 2011 10:54 pm whatsapp Tags: NULL Show Comments ▼center_img ED Miliband signalled his willingness to work with the Lib Dems in opposition to spending cuts, saying he wants to form a “big tent” of protestors.The Labour leader, buoyant after his party’s victory in the Oldham by-election, said he is working with the Lib Dems’ deputy leader Simon Hughes to come up with ways to save grants for poor students. Hughes is said to have distanced himself from Miliband.Miliband also admitted he takes advice from his predecessor Gordon Brown but said the former Prime Minister made mistakes. 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 TimesBrake 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 Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Miliband reaches out to Lib Dems whatsapplast_img read more

Higher multiples for UK company deals

first_img 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 Share whatsapp PRICE to earnings multiples on purchases of private companies increased last year and will continue to rise in 2011, according to new research out today.Multiples paid by trade buyers for private companies rose from average of 11.2 times in 2009 to 11.7 times in 2010, the BDO private company price index showed.And for private equity buyers, the average multiple jumped to 12.2 times last year, from 11.6 in 2009.“Throughout 2010 we saw that the quality of deals was improving, and the steady recovery of the economy meant that overall there were fewer ‘distressed’ transactions than in 2009 and more ‘traditional’ transactions,” the report said.“There appears to be a greater focus by management teams on growing their business than the same time a year ago,” said Christopher Clark, M&A partner at BDO. “Trade and private equity buyers appear to be gearing up to make further acquisitions and improvements in pricing are likely to tempt sellers back into the market.”Over a fifth of deals (20.6 per cent) were for manufacturing companies, with business services (18.9 per cent) the second largest sector for deals.Around 10 per cent of deals involved private companies that offer financial services. whatsapp KCS-content Higher multiples for UK company deals Tags: NULL Sunday 6 February 2011 10:22 pm Show Comments ▼last_img read more