Obama hopes publicity stunt will allay Gulf oil fears as BP suspends seal plans

first_imgSunday 15 August 2010 10:44 pm Obama hopes publicity stunt will allay Gulf oil fears as BP suspends seal plans US PRESIDENT Barack Obama and his family visited Florida’s Gulf coast this weekend as part of a drive to encourage tourism to the region blighted by the Deepwater Horizon oil spill. Speaking before an afternoon dip with his daughter, Obama said his administration remains committed to ensuring a full clean-up is carried out.  “I’ll not be satisfied until the environment has been restored, no matter how long it takes,” Obama said in Panama City Beach, Florida. “We’re going to continue to monitor and remove any oil that reaches the surface.”Beaches all along the Gulf coast are clean and open for business and the seafood is safe, he added. The trip came as BP’s attempts to permanently seal off the well that caused the devastating oil leak have suffered a setback.Up to 1,000 barrels of oil are thought to remain trapped in the well and US officials fear new leaks may form when the company pumps in more mud and cement for the final plug.BP has had to suspend work on the relief well and bottom-kill procedure until further tests are completed.The firm is expected to finish its analysis tomorrow and says its driller rig is on standby to carry out the work. whatsapp Show Comments ▼ whatsapp Sharecenter_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndo Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Tags: NULL KCS-content last_img read more

Battle of the brotherhood

first_imgMonday 30 August 2010 8:55 pm KCS-content whatsapp THE Labour leadership battle is finally drawing to a close. Ballot papers will be sent to party members tomorrow before the victor is announced on 25 September. The contest should have been fascinating, what with the fraternal war between Ed and David Miliband. But it has been a damp squib that has failed to generate any interest outside Labour circles. Despite this, the winner has a good chance of becoming the next Prime Minister. Even without a leader, Labour is snapping at the heels of the Tories; the most recent YouGov poll puts them on 39 per cent compared to 41 per cent for the Conservatives. The Lib Dems, who are languishing on 12 per cent, hardly get a look in. In fact, the numbers are so good for Labour, one wonders why they’re bothering to elect a leader at all.As the candidates limp to the finish, it is clear this is a two-horse race. David Miliband will win the most first-preference votes, as well as the support of the majority of Labour MPs. Brother Ed has mopped up more union support and could pip his elder sibling to the post if enough second preference votes fall his way. The Tories are hoping Labour goes for Ed, who plans a “core vote” strategy to win back former supporters in the party’s working class heartlands. That would leave the centre ground, which was dominated by New Labour until the election, empty for the Conservatives. Although Ed uses the word “new” in each of his six key leadership pledges, his manifesto is a re-run of the policies favoured by Neil (now Lord) Kinnock, who led the party to two successive defeats. Among other things, Ed promises a High Pay Commission that would hit wealth creation, a rejection of private involvement in public services, a pacifist foreign policy that would see Britain abandon its allies, and more cash spent on the causes (read perpetrators) of crime. Such a programme for government would guarantee a long spell in opposition. Although Labour likes to think it lost the election because it lost the support of traditional voters, the opposite is true.?Its vote held up remarkably well in Scotland, working class towns in the North, and poorer parts of London. But it lost millions of votes in aspirational, middle class constituencies in the South East, East Anglia and the South West. Although David Miliband is considerably to the left of New Labour stalwarts like Tony Blair and Peter Mandelson, he alone understands that Labour must win back these voters. If the party has any sense, it will ignore its heart and vote with its head. •David Miliband is interviewed in tomorrow’s edition of City A.M. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Battle of the brotherhood whatsapp Share Show Comments ▼ Tags: NULLlast_img read more

Blair memoir warns against move to Left

first_imgTuesday 31 August 2010 9:18 pm Blair memoir warns against move to Left Tags: NULL Show Comments ▼ TONY Blair has blamed Gordon Brown for Labour’s loss in the last election, claiming in his long-awaited autobiography that the party veered too far to the left. His memoir, A Journey, which hits the shelves today, also reveals the former Prime Minister’s thoughts on why Labour lost the election in May, the much-criticised Iraq war and his relationship with Gordon Brown.Marketed as a deeply personal account which took him three years to write, the book starts with the words: “I begin as one type of leader; I end as another. That’s why I call it a journey.” In the book he claims Gordon Brown could have won the recent election if he had kept up the principles and policies of New Labour.And of his decision to involve Britain in the Iraq war, he said: “Do they suppose I don’t regret with every fibre the loss of those who died?”He described Gordon Brown as maddening, but shrugged off the “relentless personal pressure”?from the then-chancellor and his allies as “far less troubl[ing] than they or perhaps even he ever realised”. Blair said he came to the conclusion that “having [Brown] inside and constrained was better than outside and let loose or, worse, becoming the figurehead of a far more damaging force well to the left”.Online retailer Amazon said pre-orders are 36 per cent up on Peter Mandelson’s The Third Man, which is currently the website’s most successful political autobiography.Blair has eschewed the traditional bookselling tactics of a promotional tour and advance copies for reviewers, and will donate the proceeds from the tome to the Royal British Legion.He is scheduled to be in Washington today, to attend peace talks in his role as Middle East envoy, but has pre-recorded a television interview with Andrew Marr, which will be shown on BBC2 tonight. KCS-content Share whatsapp whatsapp 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Prooflast_img read more

Borrowing at a 10-year low

first_img Tags: NULL MORTGAGE lending in the UK hit a 10-year low in August falling to £11.4bn, down 14 per cent from £13.3bn in July, the Council of Mortgage Lenders (CML) said yesterday.The figure was also down six per cent from £12.1bn in August 2009 with the CML warning lending levels were likely to remain subdued until the end of the year. CML chief economist Bob Pannell warned: “We face a difficult second half of the year. However, the Bank of England is likely to keep interest rates at record lows for longer to support the economy. This will continue to alleviate payment pressures for many borrowers.“The rise in prices has unsurprisingly run out of steam as a result and some indicators point to modest falls. While the various measures tell slightly different stories, our reading of the situation is that there has been little significant change since the start of the year. Demand is subdued and there are signs of more property coming onto the market following the abolition of home information packs.”The CML figures came as the Bank of England’s Trends in Lending report, also published yesterday, showed UK net mortgage lending slowed to £0.1bn, while gross mortgage lending remained static and remortgaging continued to be weak. Generally, the report noted credit conditions would remain tight for several months to come.Pannell said that, while there were a few more mortgage products available, “the upcoming need for some firms to repay the various support schemes, and replace this with more expensive market funding, means access is unlikely to improve in the immediate future.” whatsapp Share Borrowing at a 10-year low More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org KCS-content whatsapp Show Comments ▼ Monday 20 September 2010 9:20 pmlast_img read more

Coke to stay on Wall Street

first_img Coca Cola Enterprises (CCE) will remain listed on Wall Street although it could one day take a secondary listing on the London Stock Exchange (LSE), an insider has told City AM. The news comes as the board of CCE, which bottles and distributes the soft drink, votes on whether to sell its North American distribution business to Coca-Cola on 1 October in a deal valued at £9.5bn. The deal had prompted speculation that CCE, which employs around 4,500 people in the UK, might move to the LSE. The source said a listing in London “would only be something that would happen in the long term and it would only ever be a secondary listing. CCE would maintain its primary listing on the New York Stock Exchange and would remain listed in dollars.” whatsapp Sunday 26 September 2010 9:57 pm 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 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Coke to stay on Wall Street KCS-content center_img Share Show Comments ▼ whatsapp Tags: NULLlast_img read more

Government sets light to its bonfire of quangos

first_img Government sets light to its bonfire of quangos Wednesday 13 October 2010 8:22 pm Tags: NULL KCS-content THE government will this morning announce which quangos it plans to scrap or merge, as it seeks to cut the deficit and improve democratic accountability.Francis Maude, the cabinet office minister, will tell Parliament at 9.30am which of the 700 agencies has been spared. A merger of the Office of Fair Trading and the Competition Commission, which are both charged with promoting competition, is thought to be on the cards, as ministers believe they have several overlapping functions. However, the Prime Minister’s spokesman yesterday played down earlier claims that the quangos are being scrapped to cut the public sector payroll and deficit, as many of the agencies’ responsibilities will simply be taken over by central government. Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldcenter_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comA 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.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp Show Comments ▼ whatsapplast_img read more

Bid ban may hit Sky News

first_img Tags: NULL KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCuteness56 Animal Puns For a Quick LaughCutenessUndoBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadaUndocutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comUndoAmoMediaSpoiled Guy Mocks Waiter, Dad Teaches Him Cruel LessonAmoMediaUndoHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetUndoDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUUndoBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestinationUndoMike HistoryAt 66, This Is Bruce Willis’ Private CarMike HistoryUndoFoundation ExpertFoundation Repair Cost In Scottsdale May Surprise YouFoundation ExpertUndo Share whatsapp Bid ban may hit Sky News whatsappcenter_img Show Comments ▼ SKY News could suffer if the takeover of its owner BSkyB by News Corp is blocked, according to independent directors at the broadcaster.In a submission to media watchdog Ofcom, directors at Sky warned future investment in the news channel could be jeopardised if the takeover is vetoed. They argue that blocking the £7.8bn bid could actually undermine “media plurality” – the issue being investigated by Ofcom – by weakening Sky News.The directors said this would be “a wholly unwelcome outcome, contrary to the public interest,” claiming they wanted to avoid Ofcom setting a precedent that could discourage future interest in the channel.They also argued that Sky News controls just five per cent of the TV news audience, meaning the takeover would not pose “serious public interest consequences”.The submission, part of the Ofcom probe into the bid, comes after News Corp ramped up pressure on the government last week. News Corp’s head of Europe James Murdoch said News Corp could move some of its operations abroad if the coalition tried to stand in the way of the takeover.News Corp is desperate to buy the 61 per cent of Sky it does not already own. However, it has faced intense criticism from rival media organisations, who say the takeover could irrevocably harm the UK media landscape by placing too much power with one firm. Monday 22 November 2010 6:12 am More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.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.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comlast_img read more

BEST OF THE BROKERS

first_img whatsapp Share KCS-content Thursday 2 December 2010 7:35 pm VOLKSWAGEN S&P Equity Research has raised its 12-month target price to €145 from €125 and reiterated its “buy” recommendation on Volkswagen (VW) preference shares. It says VW remains in an excellent position in the medium term with what it expects to be €20bn industrial net cash at the end of the year, a strong double-digit EBIT margin and good sales prospects from its highly important Audi division.ELECTRA PRIVATE EQUITYWinterflood said Electra Private Equity produced a good set of results, which benefited from the sales of some recent opportunistic investments as well as from some of its older investments. In share price terms, performance has been impressive; it calculates that over the last 12 months, the fund’s share price has increased by 32 per cent, compared with the FTSE All Share which has risen 11 per cent.SHIRE PHARMACEUTICALS Shore Capital has reiterated its “buy” recommendation for Shire, saying the pharmaceutical firm is in a enviable position. Shire has delivered 15 per cent sales growth as well as 15 per cent earnings per share growth. The broker says Shire is positioned to continue to do well despite warnings over earnings momentum in 2011 and a possible FDA review of one the companies core franchises. 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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center center_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com whatsapp Tags: NULL Show Comments ▼ BEST OF THE BROKERS last_img read more

CSC clashes with investor over mall bid

first_img CSC clashes with investor over mall bid KCS-content whatsapp A ROW between Capital Shopping Centres (CSC) and one of its biggest shareholders boiled over yesterday over the property firm’s plan to buy the Trafford Centre.Simon Property Group, which owns five per cent of CSC, has slammed the bid and says it will rethink its plans to make an offer to buy the whole of the UK-based property giant. It also said it would consider offloading its stake in CSC in protest at the “value destructive” acquisition.Simon Property has demanded CSC hands over due diligence information regarding the proposed £1.6bn acquisition of the Manchester-based shopping centre and says it will vote against the bid at an upcoming shareholders’ meeting.CSC will require 50 per cent of its shareholders to vote in favour of the bid, which will see Trafford Centre owner John Whittaker take a 20 per cent holding in the firm. No cash will be involved in the transaction.Last month CSC raised £209m through a share placement to help fund the bid and pay down debt.A CSC spokesman told City A.M. it has not received a bid from Simon Property and plans to press ahead with its Trafford Centre plans, calling it “one of the finest shopping centres in Europe” and a “unique opportunity”.If CSC acquires the Trafford Centre, it would own 10 of the top 25 UK malls, cementing its status as a retail heavyweight.CSC was formed out of the demerger of Liberty International earlier this year. It had recently ruled out acquisitions saying it planned to grow organically in its existing malls.PHILIP ROBERT-TISSOTCITIGROUPSIMON Property Group has hired Citigroup as its sole financial adviser. Heading up the team will be Philip Robert-Tissot. Robert-Tissot has been involved in a number of major takeovers in recent years, advising Kraft on its deal to buy Cadbury and acting as lead adviser for Spanish construction firm Ferrovial in its takeover of BAA in 2006. He is currently Citigroup’s UK managing director. Grant Kernaghan from Citigroup’s global markets division is also on the team. He represented Onex and the Canada Pension Plan Investment Board in their spat with components manufacturer Tomkins earlier this year. He also guided outsourcing company Xchanging through its £530m flotation in 2007.Capital Shopping Centres (CSC) has taken on Bank of America Merrill Lynch and UBS to advise on the acquisition. Simon Mackenzie-Smith and Simon Fraser are heading the team at BoA. Mackenzie-Smith has been with Merrill Lynch since 1996, when he joined as managing director of investment banking. He has been involved in a wide range of mergers and acquisitions and restructurings – including Punch’s acquisition of managed pubs operation Spirit in 2006. Co-head of corporate broking Simon Fraser has spent 14 years at the bank, working alongside Mackenzie-Smith on the Segro, Debenhams and Liberty deals, as well as Inchcape, Natex and SSE. UBS corporate broking managing director Jonathan Bewes and head of investment banking Hew Glyn Davies are also advising. 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 Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Wednesday 8 December 2010 9:01 pm Tags: NULL Share Show Comments ▼ whatsapplast_img read more

RBS sells Priory Group for £925m

first_img whatsapp RBS sells Priory Group for £925m More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org John Dunne 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 PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo Tuesday 18 January 2011 3:35 amcenter_img whatsapp Tags: NULL Royal Bank of Scotland has announced the long-awaited sale of the Priory Group, the care homes operator famous for its celebrity clientele, to buyout firm Advent International in a deal worth up to £925m.RBS had been in talks with several private equity and buyout firms over much of last year, and the sale marks a further step in the part-nationalised British bank’s plans to sell non-core assets and shore up its balance sheet.RBS said the Priory Group sale carried an enterprise value of up to £925M.The British bank said it would receive up to £133m cash after the settlement of debt for its stake in the group.Advent International beat out competition from the likes of Bain Capital, Blackstone and Cinven to win the Priory Group auction. Show Comments ▼ last_img read more