July 2021

Qatari Harrods owners cash in with £118m dividend payment

first_img Tags: NULL whatsapp whatsapp Show Comments ▼ Caitlin Morrison Thursday 30 October 2014 9:24 pm Sharecenter_img Luxury department store Harrods paid out a £118m dividend to its Qatari owners after making record sales of £794m in the year ended 1 February 2014, up from £716m in the previous year.The business also paid a £35.6m royalty to Harrods Corporate Management.It said the year had seen a “confirmed programme of significant capital expenditure”, with total additions of £58.9m, up from £52.1m.The company added: “Focus has continued on investing in luxury boutiques primarily in our Knightsbridge store but also at the airports. This level of capital expenditure is expected to continue in 2014.”Qatar Holdings, the strategic investment arm of the Qatar Investment Authority, paid previous owner Mohammed Al Fayed an estimated £1.5bn for Harrods, including the famous Knightsbridge shop, in 2010. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRelated Articles10 Amazing RVs You Won’t Want To MissThe Best 80 Inch 4k TV For Under $2,000Grilled Stuffed Jalapenos: Delicious Recipes Worth Cookingby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity 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 MirrorWarped SpeedOnly True Americans Can Ace This Geography QuizWarped SpeedPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun Read This NextTig Notaro Never Looks Right in ‘Army of the Dead’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 WrapRalph Macchio on the Secret to Making Badass ’80s Fight Scenes in 2021The Wrap’iCarly’: Nathan Kress on Preserving Integrity of Original Show, PromisesThe WrapHappy Juneteenth: 10 Movies to Stream That Celebrate Black JoyThe WrapHow Renee Elise Goldsberry Embraced Her Inner Diva for ‘Girls5Eva’The Wrap’The Hitman’s Bodyguard’s Wife’ Takes No. 1 at Box Office From ‘Quiet PlaceThe WrapBill Maher Pokes Fun at Joe Manchin: He’s a ‘Democrat Except on Matters ofThe Wrap Qatari Harrods owners cash in with £118m dividend payment last_img read more

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Gordon Ramsay selling 50 per cent of his food empire Kavalake

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity 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 MirrorPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald whatsapp Show Comments ▼ Gordon Ramsay is looking to sell a 50 per cent stake in Kavalake, the holding company for the celebrity chef’s expansive set of restaurants, which includes Ramsay’s eponymous flagship eatery in Chelsea and Bread Street Kitchen in the City.Ramsay is in discussions with accountancy and business advisory firm BDO in a bid to find an investor willing to fund an expansion of the business. Market sources have indicated that a deal could value the company at up to £80m.The deal would represent a big comeback for Ramsay, who pumped millions into the business to fight off administration during the economic recession. Along with Kavalake’s managing director Stuart Gillies, Ramsay has since successfully cut costs and shut down under-performing ventures abroad.Last year, the business achieved earnings before interest, tax and other charges of £5m, from sales of approximately £45m. Ramsay and Gillies open their 12th restaurant in London – the Heddon Street Kitchen – in the West End on 8 November. The pair are also embarking on a new wave of overseas expansion, looking to add to an international network that includes 12 restaurants spread across Europe, the United States and the Middle East. The first new addition, soon to open in Hong Kong, will be a new Bread Street Kitchen, following on from the success of the St Paul’s-based restaurant of the same name. Express KCS Monday 3 November 2014 12:28 amcenter_img whatsapp Gordon Ramsay selling 50 per cent of his food empire Kavalake More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tags: NULLlast_img read more

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first_imgTuesday 2 December 2014 8:23 am Billy Ehrenberg whatsapp whatsapp UK and London house prices mapped: An average wage in Blackpool will buy you less than two square metres in Chelsea Tags: employment and wages London house prices UK house prices UK jobs More From Our Partners Matt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼ Share Click on the buttons in the top right to reveal the layers The average wage in Blackpool will net you one and a half square metres of floor space in Chelsea, while a Westminster dweller could buy 42.6 metres of home in Blaenau Gwent, such is the disparity in the UK’s housing market.Westminster is the borough where residents have the highest median salary and Blaenau Gwent, in Wales, has the cheapest price per square metre.By comparing ONS data for median wages in different local authorities to Halifax’s research revealing the average price per square metre in the same areas, it become clear where money goes furthest: Wales and the north. The calculations are not based on mortgage payments – merely how much residential room the average person could buy if she dedicated her whole salary to the task.The map above has three layers. The first shows how many metres of floorspace a resident in a given local authority can by with his or her median gross annual earnings. As we can see, London is a black hole for housing investment. Although median wage data isn’t available for Kensington and Chelsea, the area with the highest cost per square metre (£10,854), in Camden, Westminster, and Hammersmith and Fulham you’ll get barely over four metres.Outside of the capital, money goes decidedly further. In Merthyr Tydfil, again in Wales, the median salary will get you 24 metres of floor space and in Blaenau Gwent, the local authority with the lowest per-metre-squared price, you could buy 23.Clicking the second button reveals how many square metres you can buy across the country for the national median wage (£22,044 according to the ONS). National median earnings will get you very little in London: two metres in Chelsea and Kensington and 2.5 in Westminster. London Boroughs hog the top of the list. Outside of the capital there is huge variation. In Elmbridge, Surrey, you can get only five metres for £22,044, but in Wales (again) it’s far more.Finally, the third map shows the differences between how many metres the median salary would have bought in 2009 and how many metres the median salary could get you today. Reds and yellows show an increase and blues a decrease. Please note that some local authority boundaries have changed since 2009, meaning an increase in grey, null areas.All the recent data has pointed to a cooling in the housing market, but as house prices continue to rise above both inflation and wage growth, properties aren’t becoming any more affordable.In fact, as this last map shows, there has been a huge jump in prices per square metre over the last five years.Nassos Stylianou contributed to this map last_img read more

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Sidley Austin names 32 new partners across global network

first_img whatsapp Ollie Gordon 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof Show Comments ▼ whatsapp Share GLOBAL law firm Sidley Austin has elected 32 lawyers to its partner­ship, with the new partners to be spread across the law firm’s global network, it announced yesterday.Effective from 1 January, the new partner class is made up of lawyers from across the spectrum of the company practice areas. The class will be spread globally, with 23 new partners in the US – spread across six different cities, four in Asia, four in Europe, and one in Australia.“Our new partners have demon­strated their strong legal skills and commitment to providing clients with the highest level of service,” said Carter Phillips, chair of Sidley’s executive committee. “We are extremely proud of them because they have earned their place in the partnership through talent, hard work and dedication.” Larry Barden, chair of Sidley’s management committee, added: “We offer our heartfelt congratulations to this new class of partners and commend them on reaching this significant milestone in their careers. “We are proud of their hard work and demonstrated commitment to client service, and welcome them to the partnership.” Thursday 11 December 2014 8:39 pm Sidley Austin names 32 new partners across global network Tags: NULLlast_img read more

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The Funding Network: Welcome to the Dragon’s Den of charity

first_imgThis philanthropic gameshow comes with a serious message for the thousands of people it helps.‘Linda 100”, “Michael 200”, “Fred 500”, the shouts echo across the room as more and more people put their hands in the air. As the cries die down, the pledge leader urges them on: “Was that another hand at the back?”, “Wouldn’t you like to even out that number?”. A women in the corner dutifully logs each amount and a bar chart on the screen moves slowly upwards indicating the amount donated. This is crowd funding charity style. I’m in the heart of the City in the glass tower of Macquarie Bank’s European headquarters, which has provided the space for The Funding Network’s (TFN) festive funding event. Dubbed a “Dragon’s Den” for charities, TFN events mimic the style of the TV show with four charities given six minutes each to make a pitch for how much money they need and what they intend to use it for. After each pitch the audience has six minutes to ask questions. Once all the pitches are complete, the charities leave the room and the pledging session begins one charity at a time with people shouting out their names and the amount they want to give. This is TFN’s last session of the year in London and like most Christmas knees-up, the booze is flowing, there are plenty of canapes and the mood is jovial. But there’s a serious backdrop. We hear about primary school children from deprived backgrounds down the road in Islington who start school barely able to communicate; South African girls more likely to be raped than finish their schooling; traumatic lives where substance abuse has become the only healer and young offenders who end up back in prison within two years of their release. To pull at the heart strings even further, some of the charities bring human props. Nine-year old Emily tells us how the philosophy for children course provided by charity SAPERE means “you can express yourself”. And Sharon explains how a 12 week course from the Foundation for Change charity meant that at 51 she was able to move from life-long addiction to employment and “becoming a decent parent”. Sitting here, sipping wine in the smart surroundings of the bank, it’s impossible not to feel ridiculously spoilt and wealthy in comparison. And that is TFN’s point that you don’t have to be mega-rich in the style of Bill Gates to give, that even on a normal salary you can afford to make a difference. For most of the people at this session this, plus the fact they know exactly what their money will be spent on, is the attraction. Most of the donations are at least £100, but there are some £50s and TFN also holds youth events where giving starts at £10. It may seem a very public way to show your support, but London art dealer Fred Mulder, who founded TFN, says it’s effective because its members feel responsible. “By inviting organisations to come and present to us, by raising the questions we think are important, we also take responsibility for the outcome of our meetings, and I think this makes us more generous,” he says. The numbers suggest he’s right. On the night the group raised £45,267, excluding giftaid, taking the total raised by the 205 auction style events since TFN’s 2002 inception to over £7m.  TFN member Sanjay Joshi, a strategy consultant in London, admits that while he came with a budget in mind, he often spends over that. “My day job has some relevance to people’s lives but it’s not where real social change is happening, that’s here. Without this sort of structure there is no impetus to give away £100,” he says. The evening ends with a performance from Streetwise Opera, a charity that uses music to help homeless people make positive changes in their lives, which received help from TFN in 2006. As their members force us to stand up, hold hands and join in, it’s a raucous feel good finish to an emotional evening. “I feel powerless in so many areas of what’s going on in the world, but I come here and I know I can make a difference,” says TFN chair Michael Maynard. For the full World Charity Index 2014 list take a look at our interactive graphic   Thursday 18 December 2014 1:43 am whatsapp Share Tags: World Charity Index 2014 More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Show Comments ▼ The Funding Network: Welcome to the Dragon’s Den of charity whatsapp Express KCS last_img read more

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first_img Share Three major shareholders of Canary Wharf owner Songbird intend to accept a takeover offer from the Qatari sovereign wealth fund.Songbird has said it understands its three largest shareholders, not including the Qatari group which already holds a 28.6 per cent stake in the firm, intend to accept the offer of 350p per share made in December. Glick, China Investment Corporation and a fund managed by Morgan Stanley will now accept the offer after previously telling the board it was “continuing to evaluate the offer”, however, the Songbird board still believes it is undervalued.The property firm said its attempts to gain a higher offer have “not been forthcoming” and believes no further offer will be made ahead of tomorrow’s offer deadline.With the major shareholders on board it provides significant backing to joint bidders the Qatari Investment Authority (QIA) and Brookfield Property Partners. The consortium could waive some of the conditions of its offer and with the trio’s backing, the Qataris would be able to control the firm’s board making offer conditions unnecessary.The combined stake with the three shareholders would amount to an 85 per cent holding, meaning it could potentially buy up the remaining shares and de-list from Aim, Songbird warned shareholders.This has forced Songbird’s hand, and the board has said it recommends shareholders accept the offer and that its directors would sell their own holdings in the firm, if the offer becomes unconditional, despite believing it is undervalued.Investors responded positively to the deal development, with shares up six per cent in early trading. whatsapp Majority Songbird shareholders Glick, China Investment Corporation and Morgan Stanley back £2.6bn Canary Wharf bid by Qataris by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.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 SupplementGundry MD Bio Complete 3 SupplementTop Surgeon: This Simple Trick Empties Your Bowels Every Morning (Almost Immediately)Gundry MD Bio Complete 3 SupplementVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online GameDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinition Tags: Morgan Stanley Lynsey Barber whatsapp Show Comments ▼ Wednesday 28 January 2015 2:47 amlast_img read more

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City Moves for 30 January 2015 | Who’s switching jobs

first_img whatsapp Thursday 29 January 2015 8:40 pm Express KCS City Moves for 30 January 2015 | Who’s switching jobs Standard CharteredAaron Russell-Davison has been appointed head of debt capital markets at the bank. He joined Standard Chartered in 2009, and has worked as head of Asian bond syndicate, global head, bond syndicate, and most recently as head of capital markets, ASEAN.UBS Global Asset ManagementRachel Hill has been appointed UK business development director at the asset management firm. She most recently worked at BlackRock in client and consultant focused roles, and has also held positions at SEI.M&G Investments John Mayhew has been appointed head of infrastructure finance within the asset manager’s institutional fixed income business. He joins from Erias Finance, the infrastructure advisory firm he founded in 2009 and where he was managing director.Aon HewittThe talent, retirement, and health solutions business has announced the appointment of Jorge Huitron as a senior consultant in its manager research team. He joins after seven years with Bfinance, where he was a director in private market research. Huitron was also previously a senior consulting associate at Cambridge Associates.MorningstarMark Watson has been appointed director of UK intermediary sales for the investment research firm’s Morningstar OBSR Managed Portfolios service. He joins from Brooks Macdonald, where he spent three years as head of sales for its funds business. Watson has also held roles at Zurich Intermediary Group, Barclays, and SHUAA Capital.Baringa PartnersAlex Woodhead has been appointed partner in the management consultancy’s banking practice. He joins from Deloitte, where he has worked in the design and delivery of operating model change since 1997.BDOThe accountancy and business advisory firm has announced the appointment of Anne Daly as director in its London-based valuations team. She joins from KPMG, where she spent 14 years working in its tax valuation group, with the last six years as head of its tax valuation services group. Daly has also worked in HMRC’s shares and assets valuation group.To appear in City Moves please email your career updates and pictures to [email protected] up to receive the new City Moves morning update if you haven’t already. Sharecenter_img whatsapp Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHealthyTed Health Magazine10 Surprising Benefits of Bananas You Possibly Didn’t Know AboutHealthyTed Health MagazineUndoAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndozenherald.comArchie Issued New Birth Certificate After Harry’s Title Revokedzenherald.comUndoTaonga: The Island FarmAdvertisement The Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoElite HeraldKate Middleton Just Dropped An Unexpected Baby BombshellElite HeraldUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndo More From Our Partners Astounding 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Show Comments ▼last_img read more

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first_imgCan you imagine a Ukip future? Now you don’t have to.In what’s being called a “fictional docudrama” – aka a “mocumentary” – a new television show will take the hypothetical situation of Ukip sweeping to power in the next election and run with it.The show, due to air at 9pm on Monday night on Channel 4, has already attracted 19 complaints to Ofcom over the “what if” imagining of the party’s first 100 days in power.Complaints have been made that the show is not balanced and fails to be impartial – despite it not even being broadcast yet.The drama has already provoked a strong reaction from Ukip, with some members within the party calling it a “hatchet job”, while Farage and Channel 4 failed to come to an agreement to do a post-screening interview.Ofcom evaluates complaints before making a decision to investigate or not – however, a show must be aired before any complaint can be considered. The 19 objections will be considered after tonight’s broadcast along with any subsequent complaints.The drama will weave together real-life archive footage and scripted drama and has a cast that includes members of the public and actors. Show Comments ▼ Monday 16 February 2015 10:41 am Tags: Channel 4 Nigel Farage People whatsappcenter_img Share whatsapp Ukip The First 100 Days: Channel 4’s Farage “what if” TV documentary has already attracted 19 complaints to Ofcom Lynsey Barber last_img read more

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Ukip suspends MEP and General Election candidate Janice Atkinson

first_img Show Comments ▼ whatsapp Joe Hall Share Ukip has suspended MEP and General Election candidate Janice Atkinson “following allegations of a serious financial nature”, the party said on Thursday night.Atkinson is an MEP for the South East and was due to contest the Folkestone and Hythe seat in the election on 7 May. The decision is thought to be related to footage obtained by The Sun newspaper who said it had secretly filmed a member of Atkinson’s staff “apparently plotting to make a substantial bogus expenses claim” by asking a restaurant for a lunch invoice over £2,000 what the was actually paid.A party spokesman said:The party is incredibly disappointed with Ms Atkinson, who appears to have exercised extremely poor judgement in acting in a way that the party has never, and would never condone.The party has acted swiftly and immediately and just as we showed when we suspended another MEP for financial irregularities, we always maintain a zero-tolerance attitude towards acts of this nature.Party leader Nigel Farage told the Sun: “We treat these things very seriously so we have acted quickly – some may say harshly – so we will have to wait and see.”Ukip suspended MEP Amjad Bashir in January over “extremely serious financial issues”, which he denied before defecting to the Conservatives.Atkinson has also made negative headlines in the past when she referred to a Thai woman as a “ting tong”. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbeszenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.comTheFashionBallPrince Harry Admits Meghan Markle May Not Be The OneTheFashionBall whatsapp Thursday 19 March 2015 5:23 pm Ukip suspends MEP and General Election candidate Janice Atkinson Tags: General Election 2015last_img read more

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Markets fall on renewed Greek default fear

first_img whatsapp Tags: NULL whatsapp STOCK markets slid and bond prices fell yesterday on renewed fears that the Greek government will run out of money and default on its debts, as negotiations with creditors drag on.Earlier in the week, the Eurogroup and Greek finance minister Yanis Varoufakis insisted that good progress was being made.But markets are less convinced that the talks will meet their goals. In part that is because the Greek government had proudly stated that it had successfully made a €750m (£537m) repayment to the International Monetary Fund (IMF) – only to reveal yesterday that the money came from another account with the IMF.The government needs to find more than €1bn to pay salaries and other costs at the end of this month, and could run out of cash within weeks.Markets have reacted by selling off government bonds.Germany’s 10-year borrowing costs have risen by 53 basis points in the past month, while Britain’s are up 46 basis points and the US’ 38 points.The picture is starker in the Eurozone periphery, where Spanish yields are up 63 basis points and Italy’s up 60.“It is like groundhog week, this slow, painful faffing about with Greece,” said Mike van Dulken from Accendo Markets.“Wednesday is the big hump, where we see if Greece can make progress. I am not convinced – so far it has messed around moving money from here to there. It is not a technical default, but it has so little money left, it is crazy.”Some of the large swings in prices has also been blamed on a lack of liquidity as few investors are buying or selling, instead sitting on their investments for a lack of a better place to move their money.Traditionally, share prices rise when the economy does well, while investors move into bonds in riskier periods, but quantitative easing from the European Central Bank (ECB) has dampened the effectiveness of that mechanism.Meanwhile, the ECB increased the limit on Greek banks’ emergency loan facilities to €80bn, following worries that the outflow of deposits from the institutions is accelerating.The EuroStoxx50 index of shares fell 1.42 per cent on the day, closely followed by the FTSE100’s 1.37 per cent fall. US stocks joined the slide, with the Dow Jones down 0.2 per cent. Express KCS Show Comments ▼ Markets fall on renewed Greek default fear More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tuesday 12 May 2015 9:05 pm Sharelast_img read more

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