September 4, 2021
  • 10:13 am Bank of Ireland sees losses surge
  • 10:13 am Retail sales up faster than forecast
  • 10:12 am Investors attack Mecom
  • 10:12 am Hedge funds lost out in August after stocks fell
  • 10:10 am Diageo says Europe is weak

first_img Bank of Ireland sees losses surge 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 BANK of Ireland (BoI) yesterday distanced itself from its fellow state-supported Irish banks by reiterating its commitment to regaining financial independence, despite admitting that underlying pre-tax losses doubled over the first half of the year.BoI, which is 36 per cent owned by the Irish government, posted a core pre-tax loss of €1.25bn (£1bn) for the six months to end of June, compared to a loss of €0.67bn last year.But chief executive Richie Boucher was adamant the group remains committed to extricating itself in a “safe and prudent” manner from state support. The pledge come in stark contrast to its peers, after fully-nationalised Anglo Irish Bank on Tuesday won EU approval for a fresh bailout of up to €10bn from the Irish government.Boucher said Bank of Ireland’s recent €2.9bn independent capital raising exercise was a “critical step” in the process, demonstrating it has the support of investors.“We continue to build on this through our focus on gathering customer deposits and extending the maturity profile of our wholesale funding,” Boucher added.Bank of Ireland, which last month passed Europe’s stress tests with an adverse scenario tier one capital ratio of 7.1 per cent, comfortably over the six per cent EU threshold, warned yesterday that loan impairment charges had remained high as the Irish economy continues to stutter. Excluding the pool of toxic loans which it has earmarked for sale to Ireland’s “bad bank”, the National Asset Management Agency (NAMA), impairment charges on loans and advances to customers fell over the first half to €893m, just 3.6 per cent below where they stood this time last year. whatsapp KCS-content Show Comments ▼ center_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 whatsapp Share Tags: NULL Wednesday 11 August 2010 8:40 pmlast_img read more

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first_img RETAIL sales volumes rose nearly three times faster than economists had forecast in July, with almost all non-food sectors showing strong growth, according to official data.Public borrowing measures, meanwhile, were lower than a year ago but still the revealed the uphill task the government has to face to bring down a 2009/10’s record budget deficit.The Office for National Statistics said British retail sales rose 1.1 per cent in July, the strongest gain since February. Analysts had forecast a rise of 0.4 per cent on the month. On the year, sales were up 1.3 per cent versus forecasts for an annual rise of 0.6 per cent.Excluding fuel, retail sales rose 0.9 per cent on the month and were up 2.4 per cent on the year.The ONS said the gains on the month were driven by particularly strong rises in the ‘other stores’ and ‘non-store retailing’ categories.The former, which includes jewellers and sports good stores, rose by 6.1 per cent on the month.The government’s preferred measure on which fiscal forecasts are based, excluding financial sector interventions, came in at £3.8bn. Richard Lowe, Head of Retail and Wholesale at Barclays Corporate said:“Despite a strong month for sales volumes, retail sales remain broadly unchanged compared to the end of last year. Consumer confidence has weakened in recent months and this dip in confidence continues to weigh on High Street sales figures.“I can’t remember a summer when retailers have been so quiet. They are usually out commenting on sales of seasonal favourites such as ice-cream and barbeque weekends but this just hasn’t been happening.” Show Comments ▼ whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof John Dunne Share Thursday 19 August 2010 5:06 am whatsapp Retail sales up faster than forecast Tags: NULLlast_img read more

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first_img whatsapp Investors attack Mecom Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndo KCS-content Wednesday 8 September 2010 8:05 pm Sharecenter_img DAVID Montgomery, former chief executive of the Mirror Group, is facing his second investor revolt in two years as the three biggest shareholders in Mecom, the newspaper group he founded, are calling for him to go.Aviva, Invesco and Legal & General – which together own more than 50 per cent of Mecom’s shares – are understood to be behind the investor revolt. The trio are thought to have proposed an alternative candidate to run the company but have been rejected by non-executive directors, led by Alasdair Locke, the chairman, who say they fully support Montgomery.Patrick Thillieux, a veteran European media executive, is believed to be the person put forward for the top job.Montgomery faced an internal revolte in May 2009 when, as executive chairman, a group of directors tried to oust him from the board. The arch cost-cutter successfully fought back and won the support of investors. Six directors later resigned.Mecom’s shares have experienced a roller-coaster ride, falling 97 per cent in 2008 before recovering this year. Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.org whatsapp Tags: NULLlast_img read more

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first_img KCS-content whatsapp Tags: NULL Wednesday 8 September 2010 8:23 pm MOST hedge funds lost money in August as some of the industry’s best-known names were caught out by dips in the stock market. The average fund lost 0.55 per cent last month after gaining 1.9 per cent in July, according to data released yesterday by New York consulting firm Hennessee Group. Hedge funds lost 1.29 per cent in June and fell 3.21 per cent in May, reported Hennessee, one of a handful of groups that track performance and asset flows in the secretive $1.5 trillion (£969bn) industry.John Paulson, who earned $15bn with a bet that the US housing market would crumble in 2007, told investors that his flagship Advantage Plus fund fell 4.3 per cent last month, leaving it down 11 per cent for the year, people who invest with him said. Hedge funds lost out in August after stocks fell More From Our Partners Matt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller 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.orgcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Share whatsapp Show Comments ▼last_img read more

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first_imgThursday 14 October 2010 8:26 pm KCS-content DIAGEO, the world’s biggest spirits group, said trading in Europe was weaker as it met forecasts with a five per cent rise in first-quarter underlying sales driven by growth in emerging markets.The maker of Smirnoff vodka, Captain Morgan rum and Guinness also stuck to its forecast to see higher profit growth this year than last as Russia, Latin America, Africa and Asia help offset difficult conditions in Europe. Chief executive Paul Walsh said the group faced tough trading in Greece, and Spanish net sales were down markedly year-on-year, reflecting the debt crisis crippling these southern European economies.“The consumer environment in Europe is slightly weaker than we expected in the prior year,” Walsh said in a trading update for its July-September first quarter and ahead of its annual general meeting. The European region produces nearly a third of the group’s profit. Spain is one of Diageo’s three key markets in Europe along with Britain and Ireland, which together make up over half of the group’s European sales. The group reported a strong performance from operations in Latin America, Africa and Asia Pacific, while North America posted stronger growth than in the previous year.“The company is seeing a slightly improved growth trend in the US market which in very encouraging… However the European consumer environment has deteriorated versus last year driven by weakness in Greece and Spain,” said analyst Anthony Bucalo at brokers Credit Suisse. whatsapp Show Comments ▼ Sharecenter_img 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndo Diageo says Europe is weak whatsapp Tags: NULLlast_img read more

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first_img PRIVATE equity firm Blackstone Group yesterday posted quarterly earnings that beat market forecasts, and said the value of its private equity and real estate portfolios rose, although the amount invested in new deals was steady.The firm, which has investments in companies including Hilton Hotels and casino operator Harrah’s Entertainment, said third-quarter economic net income, or ENI, rose to $339m from $275m (£212.7m) a year earlier.The value of the firm’s private equity investments rose six per cent over the previous quarter and its real estate funds rose 19 per cent, Blackstone said.The amount of capital invested by the funds was little changed over the previous year, chief operating officer Tony James said on a conference call.While financing conditions have rebounded, making it easier to strike large leveraged buyouts, valuations are still too high in some cases, he said.“It’s much harder to find things of attractive value,” James said. “There are some good companies being sold, but we just can’t get to the prices that are required.”Money is instead being invested in “very high proprietary content,” James said, referring to deals that are created by Blackstone rather than bidding in auctions. Blackstone’s earnings soar as slump ends whatsapp Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.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.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com KCS-content Share Thursday 28 October 2010 7:32 pm whatsapp Tags: NULLlast_img read more

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first_img 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 Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlush More From Our Partners Brave 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com whatsapp KCS-content House prices fall yet again center_img Show Comments ▼ whatsapp THE average house price fell 0.7 per cent in October, equivalent to a drop of £2,376, Britain’s biggest building society said yesterday. Nationwide building society said the value of the average home is now £164,381 compared to £166,757 a month ago. Over the last three months house prices have fallen 1.5 per cent, marking the largest decline since April 2009, according to Nationwide. If prices continue to fall, the annual rate of house price inflation would drop to between 0 per cent and -1 per cent at the end of the year, Nationwide said. It compares to a rate of growth of 5.9 per cent at the end of 2009.Martin Gahbauer, Nationwide’s chief economist, however cautioned against gloom saying the fall in house prices was still well below the five to six per cent quarterly falls seen during the second half of 2008. He did however call for the resumption of quantitative easing (QE) saying “on balance” it was reasonable to expect that a resumption of QE would provide “some offsetting support to the housing market.”Economists said that the latest figures seemed to confirm that it was no longer a question of whether house prices would fall but by how much.Howard Archer, chief European and UK economist at Global Insight, said: “Latest housing market data and surveys have been consistently weak, and the housing market really does not seem to have got much going for it at the moment.”In a separate report, the Home Builders Federation claimed the average first-time buyer now needed to save a deposit of just over £37,000 to buy an average priced starter home of £155,000. Thursday 28 October 2010 8:21 pm Tags: NULLlast_img read more

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first_img whatsapp Monday 1 November 2010 8:41 pm Ambac shares hit as it warns of bankruptcy KCS-content AMBAC Financial Group, which was the second-largest US bond insurer before suffering huge losses on risky mortgages, said it may file for bankruptcy protection as soon as this year after skipping a bond interest payment.Ambac shares fell as much as 59.8 per cent before closing down 50.4 per cent, or 41.9 cents, at 41.2 cents on the New York Stock Exchange. Ambac bond prices tumbled and the cost of protecting Ambac debt against default rose.The announcement is the latest setback for Ambac, which has struggled to stay solvent after the housing market collapse. Ambac had pursued higher profit by expanding beyond municipal bond insurance and starting to insure riskier debt. That move backfired as credit tightened and more borrowers defaulted.In a regulatory filing, Ambac said it has been unable to raise capital to avoid bankruptcy and is in talks with a group of senior bondholders to pursue a bankruptcy filing that would preserve a $7bn (£4.36bn) tax benefit.Ambac said if it cannot agree on a “prepackaged” bankruptcy in the near term, it intends to seek Chapter 11 protection this year, perhaps without the support of creditors. It said this would cause $1.62bn of debt to be payable immediately.The New York-based company previously said it might seek a prepackaged bankruptcy, but that its liquidity might not run out until the first quarter of 2011. Failure to win creditor support could result in a lengthy reorganisation.“Ambac has been a corpse for some time,” said Matt Fabian, managing director of Municipal Market Advisors, an independent research firm. “With the credit crisis ongoing and getting worse, it will make any kind of bankruptcy restructuring more difficult, and painful for creditors. The bankruptcy process appears to be going faster than investors expected.”Shares of Ambac topped $70 as recently as October 2007.Ambac and larger rival MBIA had been the largest bond insurers before losses on risky debt, including mortgages, caused them in 2008 to lose the “triple-A” credit ratings on which they depended to insure debt in the $2.7 trillion municipal bond market. 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?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider center_img whatsapp Tags: NULL Share Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

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first_img HOPES of a firm recovery in global air travel have risen after passenger demand increased by a tenth last month, industry figures showed.Demand increased by 10.1 per cent in October while freight rose 14.4 per cent, according to traffic data from the International Air Transport Association (IATA).Industry growth was returning to more normal patterns and passenger demand was five per cent above the pre-crisis levels of 2008, the figures showed.But airlines stayed cautious, expanding seats by four per cent in the first ten months of the year against an 8.5 per cent increase in demand.IATA director-general Giovanni Bisignani said a single month did not make a trend and it was unclear whether the freight rise indicated volume recovery or stabilisation.“The picture going forward is anything but clear, but for the time being, the recovery seems to be strengthening,” he said.IATA said the passenger demand growth in October was slightly below the 10.7 per cent in September, but both months represented an improvement on August.European carriers increased demand by 9.6 per cent over October 2009 and North American airlines boosted demand by 12.4 per cent. Thursday 25 November 2010 7:27 pm KCS-content Tags: NULL whatsapp Hopes rise for aviation recovery Show Comments ▼ whatsapp Share More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orglast_img read more

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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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 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 Centerthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Sunday 28 November 2010 7:48 pm Tags: NULL Show Comments ▼ whatsapp Share IN January 2011, Hungary will take up the presidency of the European Union and no doubt next year’s agenda will be a full one.In addition to key legislative proposals covering areas such as short selling and over-the-counter (OTC) derivatives, the Hungarian presidency will also oversee the setting up of the new European regulatory framework and the agencies designed to enforce it.Indeed, during the next 12 to 18 months, decisions taken at a European level will impact upon not only the standing of the EU but also the standing of each of the 27 individual member states in the years to come.That is why, alongside the Lord Mayor of the City of London, Michael Bear, I recently visited Hungary to offer our support and to learn what the Hungarian government’s priorities are for the six months when it will hold the presidency.With every single member state in the EU having been hit hard by the global financial crisis, promoting financial services may not seem like a top priority, especially in countries where this is not yet a key industry.And yet, if we are to achieve our shared agenda of generating growth and creating jobs, support for the EU-wide financial services industry is absolutely key, especially with funds so scarce in the public sector.In spite of the political pressures, the UK government has recognised that without a globally competitive financial services industry the road to economic recovery will be longer, harder and fraught with danger. EU policy makers must do the same.So while proposals covering highly specialised, innovative products such as OTC derivatives might not seem relevant to European countries with less developed financial services industries, they are in fact inextricably linked to their future prosperity.Without them, other sectors will struggle to generate the growth needed if the EU and its 27 member states are to take their rightful place in the new, post-crisis world order.Of course the City understands, and indeed welcomes, proposals to introduce greater stability and to reduce excessive risk-taking, but any new rules must be proportionate. They will need to be underpinned by a full and proper consultation process, comprehensive impact assessments and due consideration of the cumulative impacts these reforms may have.We should avoid taking unilateral actions out of step with the global agenda, no matter how politically expedient they may seem. It is important to raise funds but short term benefits must be balanced against long-term growth.Many sectors within the financial services industry are highly mobile and it is no good creating a level playing field within the EU if we can not compete in the global marketplace.The City of London is acutely aware of this and, following my trip to Hungary, I hope the Hungarian government is as well.Stuart Fraser is the policy chairman at the City of London Corporation whatsapp KCS-content EU financial services must compete globally last_img read more

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