BSkyB share price falls after it secures 87.45 per cent of Sky Deutschland

first_imgBSkyB will own 87.45 per cent of Sky Deutschland once its takeover is completed next week, it said this morning. A larger-than-expected proportion of minority shareholders in the German pay-TV company accepted an offer of €6.75 per share from the British company. The takeover is due to be completed on 12 November, and will cost BSkyB around £4.5bn. Having agreed to buy a 57 per cent stake in Sky Deutschland and Sky Italia for $9bn ($5.6bn) from Rupert Murdoch’s 21st Century Fox, stock market rules dictated BSkyB had to extend its share offer to minority shareholders. Despite the fact the offer came at a zero premium to the average share price over the last three months, enough minority shareholders accepted the bid to give BSkyB a huge stake in the German company.  BSkyB’s share price fell almost one per cent on the news, while shares in Sky Deutschland dropped as much as six per cent to €5.88 per share in early trading on the Deutsche Borse. Investor sentiment in BSkyB has also cooled after a UK court ruled the British broadcaster must make its Sky Sports channels available to rival BT Sport. BSkyB will own 87.45 per cent of the issued share capital once the takeover is completed. The settlement of the takeover is expected on 12 November.  Thursday 6 November 2014 4:58 am whatsapp Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndo BSkyB share price falls after it secures 87.45 per cent of Sky Deutschland Show Comments ▼center_img Joe Hall whatsapp More From Our Partners Florida 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Tags: Company Skylast_img read more

After Saga and Toys R Us fiascos calls grow for IPO markets shake-up

first_img Tim Wallace  Banks and investors are calling on the City watchdog to probe the behaviour of independent advisers on stock market flotations, fearing the initial public offerings (IPO) market in Europe could become dysfunctional. They argue that advisers are distorting the market by putting pressure on banks’ analysts to put an unrealistically high price on the stock. While most newly floated shares have risen this year, a significant minority have performed poorly, and banks fear institutional investors will cut them out, instead going straight to the firms to buy stock. It comes as US regulators close in on a decision over claims a series of banks put pressure on their own analysts to push up the target price in Toys R Us’ attempted float, in a bid to win a role working on the flotation. The US Financial Industry Reg­ulatory Authority (Finra) is looking into claims that analysts and dealmakers at banks are not fully independent from one another. Analysts are supposed to present unbiased research to the firms, so they can decide how best to proceed with IPOs. In the UK, the Financial Con­duct Authority (FCA) has been more concerned with the allocation of shares in floats, rather than the way roles are allocated. Banks that worked on Toys R Us’ failed float face claims they pressured analysts to put too high a price on the stock “We’re hoping the regulators take a lot of interest in this,” said a leading flotation banker in London  “There have been too many failed IPOs in Europe and whatever happens in the US is bound to affect the way we do things here.” “The European system is not working well. The emphasis is on selling at the highest price… but if we [the banks] aren’t careful we risk being disintermediated with institutions buying stakes directly off companies because they no longer trust the process.” In the UK, the flotation of Saga earlier this year created a controversy when the company and its advisers tried to position the business as a consumer brand when many thought it fitted more in the insurance sector, where it would be less highly valued. Saga’s shares are now trading at 156p, down from a float price of 185p – a fall which also hit the 200,000 retail investors in the stock. A series of other poorly performing floats has raised questions about the quality of research on the deals. Pets at Home floated at 245p this year and is down to 203p. AO World floated at 285p in February, rocketing at first before slumping. Yesterday the stock closed at 206.5p. Industry sources close to independent advisers argue that their role is misrepresented by the banks. “Independent advisers don’t carry out valuations or price or allocate deals,” said one insider. “The banks’ corporate finance teams make recommendations about how to represent the investment story to investors, they write the prospectus, they do the due diligence, they do the analyst presentations.” The FCA is running a consultation on the operation of wholesale markets, and is expected to set out any likely market investigations in early 2015.   More From Our Partners Russell 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.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org After Saga and Toys R Us fiascos calls grow for IPO markets shake-up whatsapp Tuesday 18 November 2014 8:56 pmcenter_img Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinition Share Tags: Company IPOs Sagalast_img read more

Ukip rows back on Mark Reckless immigration comments ahead of Rochester & Strood by-elecion

first_img whatsapp Ukip has sought to distance itself from comments made by its Rochester & Strood candidate Mark Reckless, after he suggested certain European migrants could be asked to leave Britain if the party came to power.  Speaking yesterday at a hustings with other Rochester & Strood by-election candidates, Reckless said a Ukip government would have to implement a short-term “transitional period” allowing “people who are currently here to have a work permit at least for a fixed period”.  The suggestion that migrants would be sent back to their country of origin sparked outrage from Rochester & Strood’s Labour candidate Naushabah Khan. “Where would you stop Mark? My family are migrants, are we going to say they need to go back as well?,” she said.  But it wasn’t only Khan who bristled at the comments – Ukip itself has issued a statement clarifying its position. A Ukip spokesman said: “We need to sort out our borders, and we cannot do so whilst we remain in the European Union. Those who are in this country lawfully, such as those from EU nations would have the right to remain. Those who are here illegally would have to apply for work permits.”  They added: “It is absolutely not our policy to round up EU migrants and put them on a boat at Dover and send them back to wherever they came from.” https://twitter.com/UKIP/status/534751429018529793 With just one day to go until the by-election, this is the sort of thing that most parties would be spooked by – but all the polls and bookies suggest Reckless will be a clear winner. And it’s not as if Ukip is unused to gaffes. Here are four of the most recent: Earlier this year Councillor Donna Edmunds said businesses should be allowed to refuse services to women and gay people.  Presumably a view shared by Councillor David Silvester, who blamed the storms and floods affecting the UK on gay marriage laws. He was later suspended by the party.  Godfrey Bloom – also no longer with the party – was the master of the gaffe. Not content with saying aid was being sent to “bongo bongo land” he also called a room full of women “sluts” and then hit Channel 4 News reporter Michael Crick around the head with a rolled up party brochure. Even Nigel Farage has had his own foot-in-mouth occasions, not least the gotcha moment from the BBC’s Nick Robinson when he wanted an explanation over why Farage had employed his German wife over other British candidates. whatsapp Catherine Neilan Wednesday 19 November 2014 9:06 am Ukip rows back on Mark Reckless immigration comments ahead of Rochester & Strood by-elecion center_img Show Comments ▼ Share Tags: UK immigrationlast_img read more

Ken Clarke blames Conservative attempts to imitate Ukip for loss in Rochester and Strood

first_img Ken Clarke blames Conservative attempts to imitate Ukip for loss in Rochester and Strood Ken Clarke, the famously pro-Europe Conservative MP, has said banning EU migrants from receiving benefits would be playing into Ukip’s hands.In an interview with the Murnaghan programme on Sky News today, Clarke said policies that sought to imitate Ukip would end up making Nigel Farage’s party more credible. What’s more, the former home secretary and chancellor of the exchequer said David Cameron’s approach was to blame for the loss of the Rochester and Strood by-election. I do think the tactics of the two major parties of government – the serious parties of government – of trying to imitate Ukip since then have actually made them more credible and has gifted them two by-elections.Clarke’s remarks came on the back of a report in the Sunday Times that David Cameron is considering the adoption of suggestions by think tank Open Europe that banning EU migrants from receiving benefits for at least their first two years in Britain would make moving to Britain a less attractive option.Clarke made no secret of his thoughts on the proposals, saying:What we mustn’t do is keep trailing all kinds of suggestions of things we can think of that might be nasty to Europeans on the benefit front. Sunday 23 November 2014 3:49 pm whatsapp whatsapp More From Our Partners Man on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.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.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comcenter_img Billy Ehrenberg Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoLiver HealthAdvertisement 1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionUndo Share Show Comments ▼ Tags: NULLlast_img read more

Sledge fund: Hundreds of Santas run through City for Brainwave

first_img Gabriella Griffith City workers heading for the Tube on Tuesday evening may have received a bemusing surprise – as hundreds of their peers ran past dressed head-to-toe as Little Saint Nick.The annual 5k fun run through the City started at Old Spitalfields market and ended up there once more – with mince pies and mulled wine on hand to welcome the jolly joggers and an afterparty at Smiths of Spitalfields. The event was raising money for children’s charity Brainwave.  “It was a sight not to miss” “Great to see so many people swapping their usual office attire for Santa suits and dashing around the city,” said Irwin Mitchell worker Auriana Griffiths.  “It was a sight not to miss. A really fun event for a fantastic charity.”  Share Sledge fund: Hundreds of Santas run through City for Brainwave Tags: NULL center_img whatsapp Show Comments ▼ whatsapp Wednesday 10 December 2014 8:30 pmlast_img read more

How companies can help communities

first_img Share Show Comments ▼ Tags: World Charity Index 2014 whatsapp Express KCS center_img How companies can help communities Thursday 18 December 2014 1:04 am whatsapp Organisations should think outside the box to achieve more social good.Let’s say that a single individual, employed at a major financial company or a large corporation, wants to improve the way their organisation contributes to society. She wants to make sure it achieves more “social good”. It’s an ambitious aim, and not unheard of. What are her options? There are some obvious initiatives to begin with, which will already be in place at most major companies. Lots of businesses offer ‘charity of the year’ awards and matchfunding for sponsored runs, and so on—and if these are missing, they probably won’t be difficult to set up. Even on bigger projects, our ambitious employee may find less resistance than they expect. Memories of the financial crash might be giving way, finally, to optimism about nascent financial growth, but the financial sector can hardly ignore the reputational damage to the whole sector. Big firms have good PR reasons to show that they are trying to help the communities in which they work. One task, then, would be to try and influence what this help looks like. Beyond the PR gloss, is the company actually doing something substantial and impactful? More or less anyone can paint a cricket pavilion or host a fundraiser, and it’s hard to see why the best brains in the city add particular value here. Wouldn’t a small charity benefit much more from a day’s pro-bono expert legal advice, for example, or from intensive financial training? And on the chosen charity: does it fill a gap, and do so effectively? Does your investment help them plan for the future, so that they can think beyond the short-term? All of this is an adjunct to everyday business, though, and the most powerful argument against even quite thoughtful corporations is that far more damage gets done through business practices than can ever be off-set by separate, marginal actions to help society. It is difficult to argue against this. Many decisions do have a detrimental effect on society, from the way supply chains are developed to environmental footprints and the handling of financial risk. Pushing through pro-societal systemic changes is far more complex. On the positive side, our employee may also find plenty of allies. Deloitte’s Millennial Survey this year found that a majority of the new generation coming through the ranks of big corporations—from graduate recruits to boardroom high-flyers—genuinely care about this stuff. They want to feel good about the company for whom they work, and to show off how they have steered the organization towards ethically decent decisions. This may also provide a market edge, of course, if the pursuit of social good distinguishes one company positively from those around it. This will soon hit challenges. How on earth do you measure (and promote to colleagues and bosses) the benefits of a decision to change your supply chain to one more dominated by social enterprise, or to spend more on making sure your factory overseas doesn’t burn down? In a field where this sort of work is rare, how do you produce metrics that allow you to compare yourself to others? That something is hard is never an excuse for not trying, though. People have already started making progress in some areas, especially where there are common metrics, like the amount of carbon produced. Groups like NPC can help you think about social returns, and an organization like Business in the Community (BITC) can bring its expertise to bear. So too can the grand ideas of impact investing, recently highlighted by a G8 Taskforce, which promises more and better social investment across the world. Our ambitious, socially-responsible employee need not despair. Dan Corry is Chief Executive of NPC For the full World Charity Index 2014 list take a look at our interactive graphic  last_img read more

Jeb Bush to quit Barclays bank as speculation over 2016 presidential race heats up

first_imgIn further signs that he is preparing to run for the presidency of the United States former Florida governor Jeb Bush is leaving his position at Barclays bank, according to the Financial Times.The brother of America’s 43rd President George W. Bush recently announced that he would “actively explore the possibility of running for President of the United States”. The excitement surrounding this non-announcement set US commentators pens alight judging his record and chances of victory against likely Democratic nominee Hillary Clinton.Bush’s exit from Barclays is the first in what could be a series of reforms to his business affairs that would be necessary for his candidacy. Mitt Romney faced a barrage of criticism from opponents for his business interests with Bain Capital.Intimate connections with business and finance could leave Bush’s campaign open to the same sort of attacks, according to Bloomberg’s Joshua Green.However, Bush sought to head-off some of this criticism, telling a Florida TV station:I think Mitt probably didn’t defend an incredible success story, but that’s totally his deal.He added:We’re creating jobs, we’re expanding business. I’m not ashamed of that at all. I think that practical experience is something that might be useful in Washington, DC.The Republican establishment would dearly love to see Bush run and counter some of the party’s more conservative and libertarian insurgents such as Senators Ted Cruz and Rand Paul.Most Republican operatives had assumed Bush would not run for the nomination given his lack of campaigning activity and fund raising.The race for the GOP nomination is set to be one of the most competitive yet with the number of likely candidates going into double digits. Bush could be an attractive prospect with a fiscally conservative record as governor of Florida, but his positions on immigration and education put him on the more liberal wing of the party.In a recent ABC poll Bush was the front runner for the nomination on 14 per cent, followed by congressman Paul Ryan on 11 per cent and Kentucky Senator Rand Paul, who polled 10 per cent. However, these early polls owe more to name recognition than voting intention and the race remains wide open. whatsapp whatsapp Tags: Barclays Company US Presidential Election 2016 Jeb Bush to quit Barclays bank as speculation over 2016 presidential race heats up center_img Thursday 18 December 2014 10:00 am Share Show Comments ▼ Jeff Misenti last_img read more

Polish duty increase is no tonic for vodka maker Stock Spirits

first_img whatsapp whatsapp Express KCS Share Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe 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 WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The 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 Wrap Show Comments ▼ Vodka maker Stock Spirits yesterday said it expected full-year results to be around the lower end of the range it outlined in November as it continues to experience supply chain disruption in Poland during the last quarter. The FTSE 250-listed drinks producer was hit by a duty increase in Poland during the third quarter that did not relent in the fourth.With continued aggressive competitor activity in Poland, the group maintained its value share in the market but has seen a small decline in volume market share.Market data showed that consumer volume trends deteriorated in October and November, resulting in a decline of 4.4 per cent year-on-year.In November, Stocks Spirits said that as a result of a “very tough trading period” in the third quarter, there was a risk that full-year oper­ating profits could be €5m-€10m (£3.8m-£7.6m) below exp­ect­­ations as it headed into its key trading period. Tuesday 20 January 2015 8:23 pm Polish duty increase is no tonic for vodka maker Stock Spirits last_img read more

Massar Solutions IPO: Book closes on first Abu Dhabi float since 2011

first_img Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Express KCS Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online Game whatsapp center_img Tags: IPOs Monday 26 January 2015 8:10 pm whatsapp Massar Solutions IPO: Book closes on first Abu Dhabi float since 2011 The book closed yesterday on the float of Massar Solutions, a United Arab Emirates vehicle rental and fleet management firm listing 40 per cent of its shares on Abu Dhabi’s bourse.The float, which is the first on the emirate’s stock market since Eshraq Properties listed in 2011, follows a strong year of Middle Eastern initial public offerings (IPO) activity. In 2014 there were 27 floats raising $9.6bn (£6.4bn), the highest level of IPO activity in the region since 2008, before the recession.Middle Eastern IPOs accounted for 12.5 per cent of the total proceeds raised by EMEA IPO issuers last year, compared to 7.9 per cent in 2013 and just 5.3 per cent in 2012.Massar Solutions aimed to sell 24m ordinary shares at 2.4 dirhams each before yesterday’s deadline. This would value the IPO at 576m dirhams (£104m).The company said shares offered in the IPO would come equally from existing shareholders Invest AD, a local financial firm, and Abu Dhabi National Energy Co (TAQA), which held 51 per cent and 49 per cent of the share capital respectively.The offer was only open to UAE nationals, with 20 per cent of the IPO reserved for retail investors and the rest available to them as well as to fully-owned UAE companies and government institutions. last_img read more

Greeks demand spending programme to end crisis

first_img Express KCS Greeks demand spending programme to end crisis Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoLivestlyThe Best Redhead Actresses, RankedLivestlyUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndo Sunday 8 February 2015 11:47 pm GREEK leaders yesterday proposed their radical plan to remove Europe’s “cloud of fear”, setting themselves up for further clashes with European officials.In his first major speech to Greek Parliament, Prime Minister Alexis Tsipras restated his desire for a New Deal to end the country’s economic crisis. The New Deal was a programme of emergency government spending undertaken by President Franklin Roosevelt in a bid to rescue the US from the Great Depression.Finance minister Yanis Varoufakis wants a Europe-wide New Deal and said: “The entire Europe is covered in a cloud of fear. We are at risk of becoming worse than the former Soviet Union.” He – and Tsipras – restated their demand for a loan to tide them over until the summer while negotiations take place. But discussions have so far proved fruitless. In typically confrontational fashion Varoufakis said: “Sooner or later, Chancellor [Angela] Merkel will have to explain why she does not approve our proposals.” In his speech, Tsipras said he will re-open state broadcaster ERT as well as hike the minimum wage to €751 (£558) per month by next year. He also announced a series of cuts to politicians’ benefits such as banning ministerial cars and selling one of the prime minister’s three aircraft. Tsipras will also cut staff numbers at his office. Neither Tsipras or Varoufakis want to write off debt, only to restructure it. One novel suggestion has been to link interest on the debt to Greece’s growth. “We repeat that Greece wants to service its debt. If our partners also want this, let’s sit at table and discuss,” Tsipras said. Support for debt restructuring has been shown by French and Italian officials but some believe the EU and the International Monetary Fund will not negotiate for fear of setting a precedent for other countries. Some fear Greece may be forced out the Eurozone all together. To that end, Varoufakis said: “The euro is fragile, it’s like a castle of cards. If you take out the Greek card the others will collapse.” whatsapp Share whatsapp Show Comments ▼ Tags: NULLlast_img read more