HOW DO YOU RATE THE COALITION’S FIRST 100 DAYS IN POWER?

first_img DR PATRICK NOLAN | REFORMIts goal of a smaller government and stronger society is right but many of its policies go in exactly the other direction. Governments need to take the tough decisions straight away when their political capital is at its highest. That means looking again at the big spending areas of health and welfare.DAVID FROST | BRITISH CHAMBERS OF COMMERCEEarly action on deficit reduction and burdensome employment regulation has been strongly welcomed. However, business wants to see more progress in areas such as international trade and reform of the UK’s planning system. We have not yet seen the appointment of a dedicated trade minister.RICHARD?LAMBERT | CBIBusiness has been impressed by the speed and direction of policy-making to date. This applies in particular to the government’s determined efforts to get the public finances back into shape. June’s Budget was seen as bold and audacious – and it needed to be.MILES?TEMPLEMAN | INSTITUTE OF DIRECTORSWe are delighted that the coalition has achieved two key early objectives – an ambitious deficit reduction plan and a bill facilitating more school competition. However, we are concerned that the government has yet to show a similar enthusiasm for grappling with the problem of over-regulation. whatsapp HOW DO YOU RATE THE COALITION’S FIRST 100 DAYS IN POWER? Tuesday 17 August 2010 7:44 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGood to know thisTake a foot bath with vinegar and a few hours later you will have THIS result!Good to know thisUndoProstaGenixThe King Is Back! How Larry Fixed His ProstateProstaGenixUndosleepingThis Is Seriously Why You Should Sleep On Your Left SidesleepingUndoRecetas Get5 Common Cancer Signs to Pay Attention ToRecetas GetUndoYahoo! SearchSearch For Emergency Water Damage Service Near MeYahoo! SearchUndoDrivepediaLou Ferrigno Is Now 68 Years Old, This Is Him NowDrivepediaUndoOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoLivestlySpraying WD-40 Up Your Faucets At Night Is A Tip To RememberLivestlyUndoHigh TallyThe US Built A New Submarine The World Is Afraid OfHigh TallyUndo Tags: NULLcenter_img whatsapp 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Share KCS-content last_img read more

Fed’s Hoenig: Reform to hit smaller banks

first_img Fed’s Hoenig: Reform to hit smaller banks Share Tags: NULL Monday 23 August 2010 7:45 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Heraldcenter_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 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 KCS-content Show Comments ▼ whatsapp KANSAS City Federal Reserve Bank President Thomas Hoenig warned yesterday that landmark financial reforms may not end market perceptions that taxpayers will rescue the largest banks and cautioned against speculative investments in housing.Hoenig, testifying at a field hearing of the US House of Representatives Subcommittee on Oversight and Investigations, said larger banks perceived as “too big to fail” have a lower cost of capital, putting smaller banks at a competitive disadvantage and threatening their business model.The Dodd-Frank Wall Street Reform and Consumer Protection Act intended to end Wall Street bailouts by giving regulators a mechanism to seize and shut down failing large institutions in much the same manner as the Federal Deposit Insurance Corp can shut down smaller banks.Hoenig said it was not yet clear whether the reform act would put big and small banks on an equal footing.“That can only happen if markets are absolutely convinced that too big to fail has finally been ended and only time will tell. It’s an open question,” he told the hearing.Hoenig, the Fed’s lone policy dissenter in recent months, did not address the US central bank’s outlook on the economy nor monetary policy matters. He voted against the Fed’s decision earlier this month to reinvest funds from maturing mortgage-backed securities into Treasury debt to help push down mortgage interest rates further, citing a gradual improvement in the economy.He also told the House panel that housing was not suitable for speculative investments by consumers. last_img read more

A three-way split for MPC

first_img whatsapp A three-way split for MPC KCS-content whatsapp More From Our Partners Florida 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel 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.comMark Eaton, former NBA All-Star, dead at 64nypost.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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Show Comments ▼ A THREE-WAY split has emerged in City A.M.’s Shadow Monetary Policy Committee (MPC) this month, ahead of the Bank of England’s policy decision scheduled for midday today. Two hawks are sustaining their call for a rate rise while a dove is now pushing for further quantitative easing. Both City A.M. editor Allister Heath and Henderson’s Simon Ward still seek an increase in interest rates of 0.25 per cent. They argue that the recovery is already well under way and that high inflation warrants a tightening of policy.However, the Institute of Directors’ Graeme Leach emerges in the dovish camp, saying that the MPC should announce a small expansion in quantitative easing of around £25bn. The remaining six members of the shadow committee all voted to keep monetary policy on hold this month, following a “wait-and-see” policy. However, four of these six explicitly said that further loosening may be required in the coming months should the economy take a turn for the worse. Speculation of a three-way split at the Bank of England intensified ahead of last month’s meeting but the minutes revealed that only hawk Andrew Sentance dissented from the majority in his call for a rate rise. But the minutes showed again that the MPC had actively discussed the possibility of firing up the printing presses once again. With leading surveys pointing to slower growth in the third quarter some of the MPC may be tempted towards further loosening. Others may have been convinced by Sentance of the dangers of inflation. Share Wednesday 8 September 2010 8:13 pm Tags: NULLlast_img read more

Sanofi sticks with $69 per share offer for rival drug firm Genzyme

first_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.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia KCS-content Thursday 9 September 2010 8:12 pm whatsapp French drugmaker Sanofi-Aventis yesterday poured cold water on reports it had raised its offer for Genzyme, saying it was sticking to its bid of $18.5bn (£11.9bn), or $69 per share.“There is one offer, at $69 a share,” said spokesman Jean-Marc Podvin. “No other offer has been made to or discussed with the Genzyme board, its management or shareholders.”He reiterated Sanofi wanted to enter into constructive dialogue with Genzyme to best serve its interests.DealReporter, a financial news service, said on Wednesday that Sanofi had pitched a new offer, at $71 a share, to buy Genzyme in return for the opportunity to conduct “partial due diligence”. DealReporter, cited a source close to the discussions.Questions remain about what price would be high enough for Genzyme to open its books for Sanofi to clearly assess where the maker of rare disease drugs stands in solving its manufacturing problems following plant contamination.Last week, Genzyme chief executive Henri Termeer said $69 was not a reasonable starting point for a deal, but declined to specify what price would warrant Genzyme giving Sanofi a closer look. center_img Show Comments ▼ Share Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Sanofi sticks with $69 per share offer for rival drug firm Genzyme last_img read more

DO YOU EXPECT CPI INFLATION TO FALL BELOW 3 PER CENT IN AUGUST?

first_img Tags: NULL DO YOU EXPECT CPI INFLATION TO FALL BELOW 3 PER CENT IN AUGUST? Share Show Comments ▼ whatsapp Sunday 12 September 2010 11:24 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img 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.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com KCS-content whatsapp SIMON HAYES | BARCLAYS CAPITAL“Contrary to the consensus, which expects a fourth consecutive monthly fall in the headline rate, we expect it to rise to 3.2 per cent from 3.1 per cent in July, largely reflecting a second consecutive large monthly rise in food prices.”PHILIP SHAW | INVESTEC“Against expectations, petrol prices appear to have softened by one per cent. We expect some disinflation in categories like recreation. Overall we see a drop to 2.8 per cent this time, but the buoyancy of agricultural prices risks inflation climbing past three per cent again over the coming months.”PETER DIXON | COMMERZBANK“Over the rest of 2010, we look for inflation to decelerate further with a rate close to two per cent possible by December. A spike in early 2011 is likely because of the VAT hike but at least a sharp deceleration beforehand will bolster the Bank’s claim that much of inflation is due to temporary factors.” last_img read more

Alexon reports improved trading despite flat first-half profits

first_img BRITISH fashion retailer Alexon posted a flat adjusted pretax profit for the first half as it was hurt by lower inventory levels, but said trading since the half year was encouraging.The company, whose brands include Ann Harvey, Eastex and Dash, said like-for-like sales rose 3.1 per cent for the first seven weeks of the second half, with some margin improvement.For the 26 weeks ended 31 July, pre-tax profit before exceptional items on continuing operations was nearly flat at about £1mRevenue fell 10 per cent to £69.7m as disruptions such as air transportation issues led to lower inventory levels. whatsapp 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 Show Comments ▼ Thursday 23 September 2010 8:30 pm Alexon reports improved trading despite flat first-half profits center_img Share whatsapp 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 Tags: NULLlast_img read more

Anglo Irish fears escalate

first_img Show Comments ▼ IRELAND’S borrowing costs hit a record high yesterday after two credit rating agencies warned its debt is at risk of further downgrades, compounding political jitters over a budget that could break a shaky government.The anxiety was sparked by warnings from ratings agency Standard & Poor’s that if government support for Anglo Irish Bank, set to be unveiled tomorrow, was more than €35bn (£30bn), the country would face another downgrade on its debt rating.Rival ratings agency Fitch was also cautious. “I cannot pretend that the current rating is totally secure,” Chris Pryce, a senior analyst with Fitch, said.The premium investors demand to hold 10-year Irish government bonds rather than benchmark German bunds hit a euro lifetime high of 475 basis points yesterday, meaning it costs Dublin some 4.75 percentage points more than Berlin to borrow funds.And the cost of insuring Irish sovereign debt against default soared to a record 519 bps from 488.5 at Monday’s New York close, according to data monitor CMA.The Irish government yesterday confirmed that it will do “whatever it takes” to support the Irish financial industry. Share 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 ItPeople 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.com whatsapp Tuesday 28 September 2010 11:19 pmcenter_img Anglo Irish fears escalate whatsapp 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 Tags: NULLlast_img read more

Start-ups growing despite cuts

first_img Share whatsapp Wednesday 20 October 2010 7:32 pm Start-ups growing despite cuts KCS-content whatsapp 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.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndocenter_img More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Show Comments ▼ Tags: NULL THE PROSPECT of budget cuts have not deterred entrepreneurs this year with the number of start-ups in the UK growing at its fastest rate since 2007, according to the latest Simply Business start-up index released yesterday. London experienced the fastest growth at seven per cent, substantially faster than the rest of the UK. The upswing is due to growth in the IT, management consultancy, financial, legal and advertising industries.London saw particularly strong growth in property-related industries with architects and property service companies seeing a 77 per cent and 31 per cent increase respectively. These particular areas suffered falls across the rest of the country. Small businesses are broadly in favour of government cuts. The Federation of Small Businesses has found that 78 per cent of its members are in favour. While RSM Tenon’s entrepreneur opinion survey shows that a sizable minority of business owners are optimistic about the effect of cuts on their business – 11 per cent think they will have a positive impact, and a further 32 per cent are either unsure or believe that they will have no effect. Natalie Ellis, the entrepreneur behind Prestige Pet Products, said budget cuts will not kill a strong business idea. Ellis said: “Now is a good time to bring products to market. Once the economy has turned around, businesses that have acted now could find themselves ahead of the competition. Not to mention, you are probably safer going it alone than leaving your fate in someone else’s hands at the moment.” last_img read more

CSR misses smartphone sales boom

first_img CHIPMAKER CSR forecast lower fourth-quarter revenue yesterday, reflecting a lack of exposure to smartphones and capacity constraints in the manufacture of its GPS chips, sending its shares plunging.The maker of GPS, bluetooth and wi-fi chips for phones, cars and digital cameras said fourth-quarter revenue would be $170-$185m, down from $198m a year ago and at the midpoint 20 per cent lower than in the third quarter.Chief executive Joep van Beurden said the guidance was below normal seasonal fluctuations – which would usually see fourth-quarter sales down about 10 per cent from the previous quarter – for three reasons:“We are underexposed in smartphones and the smartphone market is growing very rapidly. The economy is certainly less buoyant than it was earlier, and for some of our GPS products capacity is still tight and that’s weighing on Q4 as well.”CSR’s chips are in Blackberry-maker Research in Motion’s products. They are also in Nokia’s handsets, although mainly in feature phones, which have been eclipsed by growth in smartphones. Analysts at Execution Noble said the guidance would likely push down full-year revenue consensus by about five per cent. Show Comments ▼ whatsapp CSR misses smartphone sales boom whatsapp Wednesday 27 October 2010 8:25 pm 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img KCS-content Share 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 PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Tags: NULLlast_img read more

Resolution replaces Citigroup as corporate broker

first_imgWednesday 24 November 2010 1:08 pm Share Show Comments ▼ Resolution replaces Citigroup as corporate broker John Dunne More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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 ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald whatsapp Tags: NULL RESOLUTION, the life funds group run by Clive Cowdery, ended its broking relationship with Citigroup today following the summer departure of Andrew Thompson, one of the bank’s most senior corporate brokers.Sources said that Resolution was “very much a relationship driven company” and that Thompson’s departure to Deutsche Bank was bound to make a major difference to the bank’s relationship with Citigroup.Resolution said its new financial advisers would be RBC and Barclays Capital, two institutions that were extremely supportive of a recent fund-raising.Thompson looked after Citigroup’s relationships with a number of large UK financial institutions. The bank’s FTSE 100 financial services clients include Lloyds Banking Group, Icap, Resolution and F&C Asset Management.He was one of five managing directors lured out of Hoare Govett – then owned by ABN Amro – by Citigroup in 2005 with two-year guaranteed bonuses. Citigroup said that the bank had won mandates recently, including Punch Taverns and Deutsche Telekom, but that client losses were also inevitable from time to time.Resolution’s choice of RBC as a joint adviser was no doubt assisted by the presence of Josh Critchley who had been the company’s broker while at his previous employer Goldman Sachs.Resolution is the first FTSE 100 client to be won by RBC’s rapidly expanding European capital markets team which has gone from 10 to 22 clients over the past year. “This demonstrates our ability to advise companies up and down the size scale,” says Critchley. whatsapplast_img read more