Month: September 2021

Global FX trade surges to $4 trillion per day

first_img Share whatsapp TRADE on global currency markets has jumped by a fifth over the past three years to $4 trillion a day, roughly equal to the annual economic output of Germany, according to the Bank for International Settlements (BIS). The increase in volumes was driven by a 48 per cent jump in turnover of conventional spot transactions, BIS said in the triennial survey, which is watched closely by banks and institutions as a comprehensive snapshot of currency market trading.Growth in the spot market partly reflects the continued rise of algorithmic trading, where so-called black boxes can process thousands of trades a minute.The survey also showed London has further cemented its prominence as the centre for forex markets, accounting for 36.7 per cent of global turnover, up from 34.6 per cent in 2007. In 2007-2010 London’s share of average daily turnover rose roughly by a quarter to $1.9 trillion. That was more than double the turnover in the US, the second-largest centre.The over-the-counter (OTC) derivatives market also saw strong growth, with daily turnover 24 per cent to $2.1 trillion. KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsSmartAnswers.netThis New Volkswagen SUV Is The Car Of Your Dreams.SmartAnswers.netSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Show Comments ▼center_img More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tuesday 31 August 2010 9:17 pm whatsapp Global FX trade surges to $4 trillion per day Tags: NULLlast_img read more

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Speed needed for banks to meet Basel III

first_img Share Show Comments ▼ Wednesday 22 September 2010 7:34 pm 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Banks must move quickly to meet tough new rules on capital despite the long-phase in period for some of the requirements, ECB Governing Council member and head of the Basel Committee on Banking Supervision Nout Wellink said yesterday.In a speech to a closed-door meeting of banking supervisors in Singapore, Wellink said regulators should stop banks from paying out dividends or bonuses if they fall short of the new minimum capital requirement even if the final deadline to meet the rules has not yet passed.“Banks should not be permitted to increase their distributions if they are still below the ultimate target but feel they can take their time to get there,” he said.The new Basel III rules, announced earlier this month in a bid to prevent another global credit crisis, require banks to hold top-quality capital totalling seven per cent of their risk-bearing assets, more than triple what they do now. They will start to take effect in January 2013 but changes to the definition of top-quality capital and the requirement for a capital-conservation buffer will not be fully implemented until 2018.Wellink, who is also head of the Dutch central bank, said regulators were continuing to discuss how to deal with large banks seen as “too big to fail”. But he added that measures being considered by the Basel Committee and Financial Stability Board included “combinations of a capital surcharge, bail-in debt and contingent capital”.Wellink rebuffed criticism that the new rules would hit economic growth, saying that they made the whole banking system more resilient to a financial downturn. “If, prior to the crisis, banks had the levels of capital we are asking for, we likely would not have experienced such a deep crisis,” he said. whatsapp whatsappcenter_img KCS-content 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Speed needed for banks to meet Basel III Tags: NULLlast_img read more

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Eurozone sees boost in morale

first_img 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 PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo Show Comments ▼ Share EUROZONE economic sentiment rose to a three-year high in November, the EU announced yesterday.Despite problems in the periphery, the Economic Sentiment Indicator (ESI) rose by 1.5 points in the 16-country currency block. It also increased by 1.3 per cent across the EU.The results were boosted by a strong German increase of 2.8 points, while UK improvement was less pronounced, at 0.5 points.The news came as the European Commission revised up its projection for German GDP growth for this year to 3.7 per cent. KCS-content whatsappcenter_img whatsapp Monday 29 November 2010 7:56 pm Eurozone sees boost in morale More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI 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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: NULLlast_img read more

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IoD: regulation impeding investment in UK training

first_img whatsapp Share KCS-content SKILLS shortages in the workforce are holding back 58 per cent of UK businesses, a survey revealed today.And high taxes, burdensome regulations and misguided government projects are deterring companies from investing in skills, the Institute of Directors (IoD) said.“Businesses want to invest in training, and they would invest even more if the government improved the business environment by removing excessive employment regulations,” said the IoD’s Miles Templeman.Programmes such as Time to Train actually make it harder for companies to offer training opportunities to their staff, the IoD said. Some 63 per cent of directors say the programme has imposed more red tape, while over one in ten will remove training discussions from appraisals due to problems created by the scheme.Yet almost a third (31 per cent) of employers are struggling to fill vacancies due to a lack of skills among applicants, the survey reported.And even worse is the “skills gap” – a lack of skills among current employees. Almost half (47 per cent) of directors said some of their staff lacked the necessary skills needed to do their jobs properly. Tags: NULL 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 IoD: regulation impeding investment in UK training Show Comments ▼ Monday 13 December 2010 9:02 pmlast_img read more

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Economist views: what is your take on the state of public finances?

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 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 PHILIP SHAW | INVESTECToday’s figures are a reality check which help justify the extent of the government’s fiscal consolidation.ANDREW LILICO | POLICY EXCHANGEThis may be a rogue month for results. But without deficit reductions, things can soon turn for the worse. SIMON WARD | HENDERSONIt is troubling that we’ve had two consecutive months of bad figures. But deeper cuts are to come. Tags: NULL Economist views: what is your take on the state of public finances? KCS-content whatsappcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity 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 TodayDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Share Tuesday 21 December 2010 8:39 pm Show Comments ▼last_img read more

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Time to fight for economic freedom

first_img Tags: NULL More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden 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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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 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 IT was Frederic Bastiat, the French nineteenth century economist, who famously described the state as “that great fictitious entity by which everyone seeks to live at the expense of everyone else”. It is a shame that Bastiat’s work, cult reading in some circles, has yet to penetrate the public consciousness in Britain. Those who campaign obsessively against “cuts” should take note – what they are really arguing is for others – their contemporaries, as well as future generations saddled with the national debt – to pay for their pet projects.It is high time for a proper debate about the relationship between the individual and the state. In a classically liberal society, people’s incomes are seen as theirs, to be spent, invested or donated as they see fit, with taxation kept to the minimum necessary to provide certain services and help the poor (the size of these activities are, of course, subject to debate). The present, collectivist mood in the UK sees it differently: earnings are implicitly treated as public property, to be divided up according to what politicians see fit; tax cuts are even seen as a “cost” to the Exchequer, as if it were automatically entitled to everybody’s wealth. There is a fundamental philosophical distinction between these two positions. This is not merely an abstract debate: shifting views on what we mean by “justice” have economic consequences. The UK’s relative prosperity – during its industrial heyday and then again during the 1980s and 1990s – was based on policies that assumed that individuals had a natural right to their earnings and property. By contrast, the post-war period, when envy and confiscatory taxation were rationalised on moral grounds, culminating with a 98 per cent tax rate in the 1970s, was a disaster. The situation is obviously no way as bad today as it was in those days. But Britain is now a very high tax society by international standards. So it was great to see Boris Johnson call for the 50p tax to be scrapped yesterday. The real top rate of tax is even higher when national insurance is included; earnings are taxed again when consumed (VAT, petrol tax); and anything left is taxed again at death. Crippling rates of double and triple taxation are the order of the day.Such a state of affairs would have outraged Bastiat. To him, high rates of taxation were unacceptable, morally as well as in terms of the damage inflicted on the incentive to work, save and invest. “No legal plunder: This is the principle of justice, peace, order, stability, harmony, and logic,” he argued in his inimitable style.There are plenty of voices around today fighting for free speech, civil liberties and “social” freedoms. It is a shame there is no equal enthusiasm when it comes to defending individuals’ economic freedom. GLOBAL GROWTH CHEERMore good news on the economic front: the US ADP private employment survey was remarkably strong yesterday, while the US services index rose for the fourth month in a row. It is hard to tell how sustainable the American rebound will turn out to be but it is nevertheless a welcome development. The next challenge is tackling the budget deficit: the Republicans have now formally seized control of the House and have pledged to tackle out-of-control spending and prevent the US from going the way of Greece. We shall soon see whether they mean what they [email protected] me on twitter: @allisterheath Time to fight for economic freedom Sharecenter_img Show Comments ▼ whatsapp whatsapp KCS-content Wednesday 5 January 2011 9:37 pmlast_img read more

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BP in deal talks with Russia’s Rosneft

first_img whatsapp 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 Show Comments ▼ BP in deal talks with Russia’s Rosneft alison.lock ENERGY giant BP is in talks with Russian state-owned oil company Rosneft over a possible deal, it has announced.BP, which owns 1.4 per cent of Rosneft, has called an emergency press conference at its London headquarters at 9pm tonight to announce full details of the deal.Reports have suggested the deal would be in the form of a share swap with Rosneft taking a large stake in BP.“Following recent press speculation, BP confirms that it is in discussions with Rosneft relating to a possible arrangement. A further announcement is to be made later today,” a BP spokesman said.BP, which acquired the minority stake Rosneft stake in an IPO in 2006, has said previously that it did not intend to sell it. Share Friday 14 January 2011 2:37 pm whatsapp Tags: NULLlast_img read more

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Candy brother buys One Hyde Park flat

first_img whatsapp KCS-content THE DEVELOPERS of One Hyde Park have tried to lead by example by snapping up two of the luxury flats in the complex in Knightsbridge, it emerged yesterday.Christian Candy, one half of property firm Candy & Candy, has bought a single-storey penthouse for £31m, according to press reports based on Land Registry documents yesterday. This would be over £100m less than the asking price for the most expensive apartments in the complex.Sheik Hamad Bin Jassim Bin Jaber al-Thani, the Qatari Prime Minister who helped fund the development through his Guernsey-based Project Grande company, bought a three-storey penthouse flat in August.But there has also been intense speculation as to the identity of the purchaser of the most expensive unit, a £140m penthouse apartment. The Capitalist in City A.M. was the first to highlight the mystery of the £140m penthouse owner last week and queried whether the developers may have purchased other apartments. Candy & Candy has not disclosed the identity of the buyer. The company maintained its refusal to name the buyer yesterday, citing a confidentiality agreement. Candy & Candy said last week that the penthouse was bought by an anonymous party who came through the One Hyde Park website.While the developers have announced that contracts have been exchanged on 60 per cent of the 86 flats available, it is thought that just two finalised sales have made it onto the Land Registry to date – both of them bought by the developers. A director at Savills, one of the agents tasked with marketing the flats, told The Capitalist last week the new owner of the most expensive penthouse is not one of the developers. Simon Cowell, Arcadia boss Philip Green and Formula One tycoon Bernie Ecclestone were among 350 guests invited to the sumptous launch party of the Knightsbridge development last week. The retail outlets on the ground floor of the complex have been let to carmaker McLaren, Rolex and Abu Dhabi Islamic Bank. The One Hyde Park scheme was started in 2006 and cost close to £1bn to develop. A spokesperson for Candy & Candy said the identity and amount paid for each flat was private as part of a confidentiality agreement and declined to comment on the Land Registry public records. Sunday 23 January 2011 10:53 pm Show Comments ▼ Tags: NULL Candy brother buys One Hyde Park flat by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMisterStoryWoman 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 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 Share whatsapplast_img read more

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TNK-BP moves to block $1.8bn share payout

first_img Tags: NULL RUSSIAN shareholders in TNK-BP have called an extraordinary board meeting to discuss cancelling a $1.8bn (£1.1bn) dividend payment, half of which would have gone to British partner BP.The latest twist in the feud between BP and the Russian shareholders in the joint venture comes after BP said it had offered its partners in TNK-BP an arbitration meeting, ahead of a court hearing that could overshadow its results tomorrow. AAR, a Russian consortium that owns half of TNK-BP, will hear tomorrow whether the High Court has granted it an injunction blocking BP’s $16bn (£10bn) share swap and exploration deal with Russia’s state-owned oil group Rosneft. AAR believes the agreement could breach TNK-BP’s right to first refusal on BP’s activities in Russia. But BP has written to TNK-BP chief executive and AAR member Mikhail Fridman to request a “fast track” arbitration meeting in Sweden to try and smooth the path for its Rosneft deal.“Under the shareholder agreements, the process for settling disputes if they can’t be settled within the shareholders is to go to independent arbitration in Sweden,” a BP spokesman said yesterday. Sunday 30 January 2011 11:03 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 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe 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 HeraldLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia KCS-content Show Comments ▼ TNK-BP moves to block $1.8bn share payout whatsapplast_img read more

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Hargreaves Lansdown in profit surge

first_imgThursday 10 February 2011 3:25 am John Dunne whatsapp Hargreaves Lansdown in profit surge Show Comments ▼ whatsappcenter_img Share 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 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 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 AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Tags: NULL Hargreaves Lansdown on Thursday posted a 38 per cent rise in first-half underlying pre-tax profit, aided by buoyant global markets, and the British wealth manager and stockbroker said it was well placed to build on the momentum.The Bristol-based company, which provides investment management products and services to private investors in the UK, declared an interim dividend of 4.5 pence.For the six months to 31 December, pre-tax profit before items rose to £59.3m from £43.1m last year. Revenue grew 30 per cent to £97m.Hargreaves Lansdown, which was founded in 1981 by Peter Hargreaves and Stephen Lansdown, said its value of total assets under administration grew 27 per cent to £22.3bn as at 31 December, from £17.5bn at end-June.The Bank of England’s decision on interest rates later on Thursday will be crucial as Britain battles with soaring inflation and a fitful economic recovery.Financial markets see a one-in-five chance that the Bank of England will raise interest rates from their record low 0.5 per cent after what is likely to be its most finely balanced decision in years.Hargreaves shares, which have nearly risen 87 per cent over the past year as stock markets recovered. Chief executive Ian Gorham said: “Despite increased costs relating to our new office building, continued investment in IT systems, increased loyalty bonus payments to clients and most notably a Financial Services Compensation Scheme (FSCS) additional levy of £3m, our costs have been tightly controlled.” last_img read more

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