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Segro posts a rise in its property value as it eyes future industrial development

first_img INDUSTRIAL landlord Segro posted a slight rise in the value of its properties yesterday and aims to restart new developments amid returning interest from potential tenants.Segro, which has about two-thirds of its properties in the UK and the rest across continental Europe, said its portfolio value grew 1.4 per cent in the first half, with a 2.5 per cent rise in the UK offsetting a 1.4 per cent drop on the continent.The group said its adjusted net asset value per share edged up to 366p at the end of June 2010, from 362p at the end of December 2009, while net rental income rose 11.3 per cent to £144.3m from a year ago.“We’ve seen capital values stabilising on average across continental Europe, but within that Spain and Hungary still struggle,” Segro chief executive Ian Coull said.Segro said it is receiving interest from prospective tenants, such as data centres, manufacturers, and companies seeking alternative office space, prompting it to restart its development schemes. The new developments, to be built on Segro’s existing landbank, is expected to add 155,000 square metres of space and involve £145m of capital expenditure, to be paid for with existing credit facilities, the company said.It agreed to £271m of new and extended bank facilities in the first half. Thursday 26 August 2010 7:53 pm whatsapp More From Our Partners Astounding 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.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Share Segro posts a rise in its property value as it eyes future industrial development center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Show Comments ▼ whatsapp KCS-content Tags: NULLlast_img read more

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Asda closes final salary pension scheme

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Asda is closing its final salary pension scheme as it seeks to tackle a soaring deficit, in a move affecting around 4,000 of its staff, it said.The Walmart owned chain closed the final salary scheme to new members in 2005, said it would compensate affected employees with a cash sum equivalent to 25 per cent of salary.It will also make unspecified improvements to the replacement scheme for all 175,000 of its staff.Asda is the latest in a string of British companies to close a final salary pension scheme as rising longevity and turbulent financial markets drive schemes into deep deficits.The grocer said its scheme’s deficit had doubled in size to £400m over the past nine months.A government-commissioned report said public sector workers might have to pay more into their pensions and that it would look into alternatives to final salary schemes. John Dunne Friday 8 October 2010 7:33 am Tags: NULL Show Comments ▼ Sharecenter_img whatsapp whatsapp Asda closes final salary pension scheme More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans 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.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comlast_img read more

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Total profit jumps on higher oil prices

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Friday 29 October 2010 5:56 am Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Total profit jumps on higher oil prices French oil company Total posted a 54 per cent profit rise as higher oil and gas prices and strong refining margins lifted industry earnings worldwide.Total said net income, excluding unrealised gains related to changes in the value of inventories, was 2.875bn euros in the third quarter, boosted by gains from selling oil fields.Stripping out one-offs, the result was up 32 per cent and in line with analysts’ average forecastsOil prices were around 12 per cent higher in the quarter compared to the same period last year, while the price of gas from the North Sea, where Total is a major player, rose sharply.Total’s oil and gas production increased 4.3 per cent to 2.34m barrels of oil equivalent per day over the period, powered by higher gas output, as crude production fell.Total said it would start paying dividends on a quarterly basis, rather than half-yearly. center_img Show Comments ▼ Share whatsapp John Dunne Tags: NULLlast_img read more

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BEST OF THE BROKERS

first_img whatsapp Share KCS-content AMECRBS rates the engineer a “buy” with an increased target price of £12.25. The broker believes AMEC’s recent half-year results were stronger than expected, with signs of a strengthening pipeline that should drive growth. RBS raised forecasts for 2011 by three per cent, and its target price by almost 20 per cent, although it warns earnings per share improvement might not emerge until 2012 /13. CATLINNumis rates the insurance group a “buy” with a target price of 420p, following the firm’s interim management statement. The broker is impressed by Catlin’s investment income, with earnings $36m (£22.3m) ahead of its 2010 forecasts, and notes that losses from claims have not changed materially. Numis has increased its pre-tax profit forecast for the year by 21 per cent to $426m. LLOYDS BANKING GROUPBank of America Merrill Lynch rates the bank a “buy” with a target price of 110p. The broker believes the market has over-discounted for Lloyds’ £27bn exposure to Irish loans, and that the imminent arrival of a new management team and UK banking recovery gives further reason to buy. It admits that its forecast of 17 per cent return on net asset value in 2012 might be proved to be too harsh. whatsapp Sunday 14 November 2010 10:09 pm Show Comments ▼ Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap BEST OF THE BROKERS last_img read more

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Stagnation for Brazilian industry

first_imgThursday 2 December 2010 7:29 pm Share Show Comments ▼ Tags: NULL Stagnation for Brazilian industry Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp whatsapp Brazilian factory production rose in October, yet was significantly slower than the previous month, data released yesterday showed. Production rose by 2.1 per cent, yet economists had expected a rise of 2.5 per cent. September had seen a 6.3 per cent manufacturing rise for the emerging economy. KCS-content last_img read more

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UK exports up, but deficit widens

first_img The UK’s trade deficit was slightly up in October, increasing to £3.9bn from £3.8bn in September. However, export levels for recent months were revised upwards, improving the balance of trade. September’s trade deficit was revised down from a previous estimate of £4.6bn, due to improved data on exports. “The widening of the deficit was largely due to stronger growth in imports, which is not necessarily a bad thing,” said Andrew Goodwin, senior economist at the Ernst and Young Item Club. Exports increased by £1.5bn between September and October, yet imports also jumped, by £1.1bn. In the three months to October, exports to China increased by 38.6 per cent on the previous year, as firms looked towards emerging economies in the east. And services exports are on the rise, increasing by the fourth month in a row. “The trade-led recovery certainly appears to be on track,” said Goodwin. KCS-content Show Comments ▼ whatsapp Thursday 9 December 2010 7:41 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrapcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald UK exports up, but deficit widens whatsapp Tags: NULL Sharelast_img read more

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Kofax sells hardware arm

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Monday 17 January 2011 8:36 pm KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Sharecenter_img Show Comments ▼ whatsapp Kofax sells hardware arm UK software provider Kofax will sell its hardware business to Germany’s privately held Hannover Finanz for $23.2m (£14.6m), and said it would record a $2.6m charge to restructure its software business. The company expects the restructuring to lead to about 20 job cuts and annual cost savings of at least $2.5m in fiscal year 2012 and thereafter. Tags: NULLlast_img read more

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Back in the black still not good enough

first_img More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA 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.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Back in the black still not good enough KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Show Comments ▼ whatsappcenter_img Tuesday 18 January 2011 8:40 pm Tags: NULL THIS should have been a day of celebration. Citigroup, the bank that teetered on the brink during the crisis, turned a $10.6bn (£6.6bn) profit in 2010 – its first profitable year since Vikram Pandit took the helm in December 2007. But in the event it just wasn’t good enough. It missed expectations for profit quite spectacularly, posting fourth quarter per share profit of 4¢ against Wall Street expectations of 7¢. Citi blamed tightening credit spreads, which it said wiped some $1.1bn off fourth-quarter earnings.Even taking these charges into account, Citi still underwhelmed at the top line, with revenues of $18.4bn against expectations of $20.4bn.Until now, buying Citi shares at a discount to the bank’s tangible book was a clever value play, but now Pandit desperately needs to show he can build some earnings momentum. There was a solitary bright spot, however, which bodes well for the rest of the sector: credit quality has massively improved. Non-performing assets were down 13 per cent, while the bank posted its fifth sequential decline in writedowns.In truth, there is not much wrong with Pandit’s strategy. He is investing in the brand in emerging markets and waiting for significant earnings leverage from improving credit conditions. All he can do is build it, and hopefully it will come. Sharelast_img read more

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Davies rejects gender quotas

first_img Share KCS-content whatsapp Davies rejects gender quotas Sunday 13 February 2011 11:50 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comcenter_img Show Comments ▼ Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyWise.comThe Worst College In Every US State, RankedMoneyWise.comUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndoPast FactoryThis 1960’s TV Quiz Is Stumping Everyone!Past FactoryUndogazillions.comCelebrities Side By Side With Their Younger Selvesgazillions.comUndoQuizscapeThe Irish Can’t Handle This Slang QuizQuizscapeUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeUndo UK boardrooms will not be forced to recruit more women to top jobs, after a government panel ruled out imposing gender quotas, City A.M. can confirm. A report chaired by former trade minister Lord Davies of Abersoch (pictured) will not recommend a state-imposed quota system to help break up the male dominance of UK companies when it reveals its findings on 24 February, a senior committee member confirmed yesterday. The report’s authors, tasked by business secretary Vince Cable with boosting the number of women taking directorships, will instead call on companies to do more on a voluntary basis to attract more female candidates, with the threat of quotas as a last resort if numbers fail to improve. It is expected to criticise headhunters, chairmen and institutional shareholders for failing to tackle the problem sooner, and push for transparency in firms’ board-level recruitment. But, as one source familiar with the report told City A.M.: “Clearly nobody in the City would prefer to see quotas.”Many business bodies and academics were dismayed by the idea of government-imposed quotas on boardrooms, with several recommending trial directorships and better opportunities further down the corporate ladder instead during a consultation in October. The Institute of Directors said even voluntary quotas are “demeaning for many aspiring and existing female directors”, while the CBI put forward a “comply or explain” model similar to that planned in Australia.Angela Knight, chief executive of the British Bankers’ Association, said yesterday: “There needs to be some positive encouragement for women, but quotas don’t necessarily lead to the right answer.”There were 135 female directors in FTSE 100 companies during 2010, out of 1,076 directorships, research by Cranfield University showed. The World Economic Forum in Davos tried to impose a 20 per cent quota for female delegates, withholding extra places from companies that sent all-male delegations to the conference in January, but fell short with around 16 per cent. The European Commission is also considering a mandatory target for women on boards, following the introduction of schemes in Norway, France and Spain. Norway is close to its target of 40 per cent after five years under a mandatory quota. whatsapplast_img read more

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StanChart decides to shut Asian loans trading unit

first_img Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap Share Wednesday 16 February 2011 8:32 pm Show Comments ▼ KCS-content whatsapp StanChart decides to shut Asian loans trading unit EMERGING markets-focused lender, Standard Chartered has shut its global loans trading unit, ending a unique experiment in Asia.The roughly 10-person trading team with desks in New York, London and Singapore, was established in 2002 and led by global head of secondary trading Rafael Valbuena.“We are rationalising the secondary loan trading business,” said a StanChart spokeswoman in an email.She added the bank may move members from the trading team to the bank’s core loan syndication business.StanChart’s loans trading team was unique in Asia Pacific for trading high-grade corporate loans in a region where most banks hold loans to maturity, and rarely trade them because of a cultural focus on client relationships.It was not clear why StanChart decided to shut the unit, but the operation was not integrated with the bank’s traditional lending business and was considered non-core. whatsapp Tags: NULLlast_img read more

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