first_img GOLDMAN SACHS has kicked off “de-fanging” season, the time when a small number of top bankers are stripped of their partnerships to make way for upcoming talent.Around 30 senior figures are demoted from partner status each year and a handful of others retire, while around 100 fresh candidates are promoted. This year’s process is expected to conclude in November.Of the Wall Street giant’s 35,000 employees, only 375 enjoy the much-coveted position. The lucrative post is used to reward Goldman’s highest achievers and offers benefits from increased bonus payments to fast-track promotions. Partners can even ask Goldman to book them tables at fashionable restaurants and bars. Show Comments ▼ whatsapp whatsapp Monday 13 September 2010 8:56 pm Goldman’s practice of de-fanging a certain number of partners each year keeps the pool small and ensures the position retains a cachet. A senior banker with knowledge of the process said the institution had recently cut the minimum amount of time after which a person could be removed from the partnership to one year, meaning competition this season would be “very aggressive”.Because around 100 of Goldman’s partners are involved in management positions, effectively just 275 are exposed to the annual cull. Rich Lyons, dean of the Haas School of Business at the University of California and a former Goldman managing director, said: “It’s an intensive process and it’s super-selective. There are many more that make it than get pulled, but it’s quite rare among other partnership firms for someone to get dropped at all. It’s consistent with Goldman’s highly performance-driven culture.” Partners wait for de-fanging at Goldman Share KCS-content Tags: NULL More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org 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 PastUndoMoneyPailShe 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.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndolast_img read more


first_img Tags: NULL whatsapp KCS-content 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 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.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald FINANCIAL TIMESCALLS FOR RYANAIR TO AXE BOSSRyanair’s Michael O’Leary has for years endured complaints from passengers about his famously no-frills Irish airline. Now a senior Ryanair pilot has taken the rare step of publicly challenging his boss after the outspoken chief executive said he was trying to convince authorities to let his aircraft fly with only one pilot. LEHMAN FEES TO PASS $2BNFees paid to lawyers and accountants for unwinding Lehman Brothers in the US and Europe are on track to surpass $2bn (£1.3bn) even after some of the legal services have been provided at discounted rates. The fees charged to Lehman’s US estate stood at $917m in July and should top $1bn this month. In London, expenses for unwinding the European arm, with legal costs, are estimated at almost $900m.SAUDI REVEALS LARGE GAS RESERVESSaudi Arabia has large reserves of unconventional gas that could help the kingdom to meet soaring domestic energy needs and leave more crude oil available for export, the head of its national oil company has said. Khalid al-Falih, chief executive of Saudi Aramco, the world’s biggest oil company, told the Financial Times that the kingdom could hold hundreds of trillions of cubic feet of unconventional resources such as shale gas, more than doubling its proved reserves of 280,000bn cubic feet.BOOST TO ALLOW PRISA TO FOCUS ON DIGITAL PUSHThe stabilisation of Prisa through a $900m equity injection should be sealed next month, transforming the world’s largest Spanish-language media group from a family owned company to one with Spanish and US listings.THE TIMESPENSION CHIEF’S PAY CUT TO AVOID FIGHT WITH TREASURYThe salary and working hours of the incoming chairman of the Pensions Regulator have been cut, in a move experts say is designed to head off a row over pay for public servants. The Pensions Regulator, created to police private sector occupational pensions, is advertising for a new chairman to replace David Norgrove, who was paid £110,000 a year for a three-day working week.ACCOUNTANTS COULD BE RISKING QUALITY TO CUT COSTSThe Big Four accountants could be risking the quality of listed company audits in a drive to cut costs, Paul George, director of auditing at the Financial Reporting Council, has told The Times. He is concerned firms may try to cut corners.The Daily TelegraphCHINA SAYS STOP WHINGEINGChina has told foreign companies to stop complaining about the difficulties of doing business on the mainland, and to cease being so “emotional”. “It is okay to complain from time to time,” said Liu Yajun, the head of the Foreign Investment department at the Chinese ministry of Commerce. “But you have to be practical and realistic. Some of the comments about China being closed to foreign business are exaggerated and hyperbolic.”BBC WORKERS TO STRIKE IN PENSIONS ROWThousands of BBC workers are to stage two 48-hour strikes in a row over pensions which threatens the corporation’s coverage of the Conservative Party conference and the Government’s comprehensive spending review, it was announced today.WALL STREET JOURNALLABCORP TO ACQUIRE GENZYMEGenzyme has agreed to sell its genetic-testing business to Laboratory Corp of America Holdings for $925m, enabling the troubled biotech to focus more on its core operations. Genzyme’s genetics business performs reproductive and cancer-related tests in the US. Genzyme is also looking to divest its diagnostics business, which sells tests and testing supplies, as well as a third division which sells pharmaceutical materials and technologies to other drug companies.FDA MULLS REMOVING WEIGHT-LOSS DRUG FROM US MARKET A federal advisory panel is being asked to help decide whether Abbott Laboratories’ weight-loss drug Meridia should stay on the market. Meridia has been the subject of an ongoing safety review. More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comcenter_img Show Comments ▼ whatsapp WHAT THE OTHER PAPERS SAY THIS MORNING Share Monday 13 September 2010 8:59 pmlast_img read more


first_img Share BRITISH fashion retailer Alexon posted a flat adjusted pretax profit for the first half as it was hurt by lower inventory levels, but said trading since the half year was encouraging.The company, whose brands include Ann Harvey, Eastex and Dash, said like-for-like sales rose 3.1 per cent for the first seven weeks of the second half, with some margin improvement.For the 26 weeks ended 31 July, pre-tax profit before exceptional items on continuing operations was nearly flat at about £1mRevenue fell 10 per cent to £69.7m as disruptions such as air transportation issues led to lower inventory levels. whatsapp Alexon reports improved trading despite flat first-half profits whatsapp Thursday 23 September 2010 8:30 pm KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Tags: NULLlast_img read more


first_img LABOUR’S new leader Ed Miliband certainly has a job in reconnecting the party with the business community. Think back to the election campaign. Hardly a business or business group had anything good to say about Labour, while many lined up to publicly back Tory policies. But business did pretty well over the Labour years since 1997 – at least until we hit the financial crisis and world recession. If you look at new firm creation, profitability, the progress of the FTSE, or the path of business investment – it all looks pretty decent. What business certainly does not like is change and uncertainty – it wants a bit of predictability and consistency in policy and Ed Miliband needs to give that high priority. But in addition he should be aware that the phrase “the business community” is wildly misleading. Big business cares about international tax rates, having infrastructure built and skills upgraded, wants to keep Britain at the heart of Europe and – frankly – cares greatly about personal tax rates. SMEs on the other hand worry most about new regulation they cannot even keep up with – and want government to keep the big boys off their backs. White van man has more practical concerns (not least on the price of petrol). At first, Miliband can enjoy the coalition burning its own bridges with business. If recovery does not result soon from the drastic deficit reduction plans then no strand of business will be best pleased – including those who do business with the public sector. We may get corporation tax reductions but if they are paid for by the end of investment and other tax reliefs then there will be as many moans as cheers. And what will business make of Vince Cable and his take on modern capitalism?Second, he should make sure he and his team talk and listen to business as much as possible. Behind the lobbying and self interest, business always knows what is going on.Third, as soon as he can he should try to set out some principles for where reform of tax and regulation would head under a Labour government – and, if he gets in, promise to stick to it.Fourth, while he may want fairness in industrial relations – as would most businesses – he must make clear that strikes are rarely the solution. Finally, he must set out what he feels is best for the country in creating wealth – including a more active industrial policy and a sensible macro policy. Some of this business will welcome, some they may disagree with – but clarity and no special favours is the right policy and the only sensible way to regain the respect of business. And maybe even a bit of their support. Dan Corry was an adviser on the economy to ex-Prime Minister Gordon Brown whatsapp Thursday 30 September 2010 10:33 pm KCS-content Show Comments ▼ How Labour can win business back center_img Share whatsapp Tags: NULLlast_img read more


first_img Show Comments ▼ KCS-content Share BRIDGEWATER has increased its lead as the biggest hedge fund manager in America, figures released yesterday claimed. The firm now manages around $50.9bn (£32.4bn), up from $38.6bn  last year to also make it the biggest riser, according to AR magazine’s biannual rankings. Bridgewater, a 35-year-old fund firm founded by Ray Dalio, comfortably outstrips nearest rival JP Morgan, which looks after $41.1bn in its hedge funds business. The survey shows there are 217 hedge funds managing more than $1bn each, and between them take care of assets worth over $1.9 trillion. The number of firms in the list has increased from 205 this time last year. However, only 54 per cent of hedge fund managers in the list have added value to their assets this year, said AR. The biggest loser was D.E. Shaw, which has seen the value of its assets under management slashed by over $5bn in the last year, taking its total to $17.8bn. The firm is in the throes of cutting ten per cent of its workforce. Paulson & Co, whose flagship fund lost 11 per cent last year, is in third place after gaining $4bn overall. TOP 10 | HEDGE FUNDS IN THE AMERICASFirm AUM $ billionsBridgewater Associates 50.9JP Morgan 41.1Paulson & Co. 31Soros Fund Management 27Och-Ziff Capital Management Group 25.3BlackRock 22.83Angelo, Gordon & Co. 22.68Baupost Group 22Farallon Capital Management 20King Street Capital Management 19.3 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap America’s biggest hedge funds rake in gains while smaller managers struggle Thursday 30 September 2010 10:48 pm whatsapp whatsapplast_img read more


first_img The Indian government is likely to price state run Coal India’s initial public offering at 245 rupees (£3.51) per share, at the top end of the price range, four sources with direct knowledge of the matter said yesterday. A panel of ministers will finalise the offer price late today, said the sources. Coal India’s IPO, the largest in the country’s history, was subscribed more than 15 times by close on Thursday, with most bids at the top end of the 225 to 245 rupees price range. At this price, India will raise roughly $3.5 bn for the sale of a 10 per cent stake in Coal India, the world’s largest coal miner. Individual investors and Coal India staff will get a five percent discount on the offer price. Coal India: 245 rupee price likely Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp whatsappcenter_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 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 AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesZen 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 KCS-content Show Comments ▼ Sunday 24 October 2010 10:35 pm Tags: NULLlast_img read more


first_img Show Comments ▼ Tuesday 2 November 2010 3:20 am Tags: NULL whatsapp whatsapp BP has reported a £1.1bn in the third quarter – but us still being weughed down by the siralling cost of the Gulf clean-up operation. Share BP said third-quarter replacement cost profit – the key industry measure of profitability – fell 63% to $1.8 billion (£1.1bn).But the underlying results rose 18 per cent on the period last year, stripping out one-offs including the oil spill costs, to $5.53bn (£3.4 billion) – ahead of an average City forecast $4.6bn. The company lifted its estimate of the likely cost of its Gulf of Mexico oil spill by $7.7bn (£4.7bn) to $39.9bn. John Dunne BP clean-up bill spirals to $40bn More From Our Partners Brave 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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comlast_img read more


first_img More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comColin Kaepernick to publish book on abolishing the policethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com whatsapp Barclays Tuesday 9 November 2010 8:45 pm DESPITE Barclays having avoided a taxpayer bailout, there’s plenty of fodder for populist banker-bashing in its third-quarter results. Pre-tax profits were down 76 per cent and £1.6bn has been set aside for bonuses.These headline figures ignore the impact of mark-to-market fluctuations in value and the fact that investment bank staff numbers are up 2,000. Even discounting mark-to-market effects, pre-tax profits fell 28 per cent to £1.27bn, with BarCap and the retail business in western Europe the main drags. Investment banks in general have been struggling and Barclays’ exposure to the Spanish economy has not helped matters. So it’s no surprise that outgoing CEO John Varley was keen to emphasise the bank’s more friendly sounding activities: lending to UK households and businesses was up 30 per cent on last year to £35bn. But more important for investors will be the positive news on impairments, which are falling at a faster rate than at the bank’s peers. While Lloyds recorded a slowdown in its progress on impairments, Barclays is exceeding expectations. The bank has even revised its 2010 guidance, which told investors to expect a 15-20 per cent drop in impairments, up to 30 per cent. And the improvement is across the board: nine-month retail impairments dropped 14 per cent while wholesale impairments fell 37 per cent. This reflects the bank’s limited exposure to the shaky mortgage market, which can only be a positive in comparison to other high-street lenders. The good news has been priced in for now, but it makes Barclays well-placed to outperform its peers. Share Tags: NULLcenter_img KCS-content whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoMartha Stewart CBDShop Martha Stewart’s CBD Products NowMartha Stewart CBDUndo Show Comments ▼last_img read more


first_img Share Show Comments ▼ KCS-content whatsapp DAVID Cameron yesterday warned China against protectionist policies and raised the issue of its currency, ahead of today’s G20 meeting of world leaders.In a carefully worded speech, the Prime Minister promised to campaign for greater links between Europe and China, but said the economic superpower needed to rebalance its economy towards domestic consumption. He added: “The truth is that some countries with current account surpluses have been saving too much while others like mine with deficits have been saving too little. “The result has been a dangerous tidal wave of money going from one side of the globe to the other.”Cameron insisted that he did not want to punish China for being a successful exporter, but highlighted ways the country could shrink the deficit, such as boosting domestic consumption. In a carefully worded speech, the Prime Minister also called on China to “take steps over time toward internationalising its currency”, setting the scene for a fraught G20 meeting.Countries like the US think that the yuan, which has not been allowed to appreciate, is too low, fanning global imbalances in the economy. The Prime Minister’s speech, delivered to an audience at Peking University, capped a high-profile two-day trade delegation to China that failed to live up to expectations. Despite promising trade deals worth “billions of pounds” before the trade mission, officials admitted they were disappointed by the number of agreements that were signed.Save for a £750m deal to supply Rolls-Royce airplane engines, there were few agreements worth trumpeting. Britain has lagged behind France and Germany in trade with China. 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 center_img Wednesday 10 November 2010 8:28 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity 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.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Tags: NULL Cameron tells China to avoid protectionism whatsapplast_img read more


first_img Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity 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 HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen 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 PRIVATE equity firm 3i Group said a manufacturing recovery, driven by demand from Asia and South America, pushed earnings higher at its portfolio companies as it reported half-year earnings yesterday.The group said aggregate earnings across its buyouts portfolio grew by eight per cent between March and September, while its growth capital portfolio saw a seven per cent rise. Both were driven by a recovery in the industrials sector.The value of its portfolio increased to 330p a share from 321p at the end of March. “We have some great manufacturing and industrial businesses that have seen significant turnover growth – 30, 40, 50 per cent in a year based on growing demand from India, China and South America,” said 3i’s chief executive Michael Queen.As other private equity firms have done, 3i has spent much of the last two years protecting its companies from the downturn. It said it was now making good progress in increasing investment.3i, which recently reshaped its deal teams to hunt for deals by region, increased investments in the first half to £327m from £190m a year ago.The group added French healthcare provider Vedici and calibration and measurement testing group Trescal.Queen said the pipeline of potential new acquisitions has improved progressively and hopes 3i will spend more on deals than it reaps from company sales in the second half. It recently agreed to sell German engine maker MWM to Caterpillar.“We are converting that pipeline into completed transactions and that’s what I hope you’ll see further over the next six months,” Queen said. whatsapp whatsappcenter_img Demand from Asia pushes 3i earnings up Tags: NULL KCS-content Thursday 11 November 2010 7:53 pmlast_img read more