Airports call for George Osborne to scrap air passenger duty or risk losing jobs to Scotland

first_img Share Airports in the north of England have appealed to the chancellor to scrap air passenger duty (APD) in his Autumn Statement next week, following the announcement yesterday that Scotland will be free to get rid of the tax as part of devolution plans.  Three key airports in the north have all made appeals to the Treasury to act quickly, warning that if Scotland scraps the tax, passengers will flock over the border to take advantage of cheaper flights, at the cost of hundreds of jobs in the region.  Chief executive of Newcastle Airport David Laws said yesterday that 1,000 jobs could be at risk in the north east by 2025 unless APD was reduced or removed altogether. “We are extremely concerned about these proposals,” he said, adding: “The Prime Minister said on 19 September that the devolution settlement had to be fair also to the people of the rest of the UK. We now want him to honour this commitment. The only way to achieve this is for any reductions in Scotland to be matched in the rest of the UK, or for this damaging duty to be reformed in such a way that distortions are avoided.” His concerns were echoed by bosses at Liverpool and Manchester airports. A spokesman for Liverpool said 95 per cent of passenger traffic in the north of England was served by low-cost airlines, for whom APD is the biggest barrier to cheap tickets. He added: “APD needs to cut or abolished from all UK airports as this continues to constrain growth.” Airport operators are hoping that the Treasury will announce plans to reduce or scrap APD in the UK in the Autumn Statement, but the tax is expected to net £3.2bn for Treasury coffers in 2014/15. George Osborne is already under pressure following worse-than-expected tax receipts for this year so far, so he is unlikely to be able to make sign­ificant giveaways.  A Number 10 spokesperson said last night: “As the Prime Minister has said, it is right that a new and fair settlement for Scotland should be accompanied by a new and fair settlement that applies to all parts of our United Kingdom, and he will be setting out more on this before Christmas.”  whatsapp whatsapp Thursday 27 November 2014 9:27 pm Kate McCannKate McCann is a reporter at City A.M. She covers politics and insurance and can be contacted at [email protected] center_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars MoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef Pick Airports call for George Osborne to scrap air passenger duty or risk losing jobs to Scotland More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Tags: George Osborne Peoplelast_img read more

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Post Office criticised by MPs for unfairly blaming others over loss of hundreds of thousands of pounds

first_imgTuesday 9 December 2014 2:32 am More than 140 MPs have withdrawn their support for a mediation scheme set up by the Post Office, following an influx of complaints that the mail service unfairly blamed sub-postmasters for losing hundreds of thousands of pounds of company money.  For several years, sub-postmasters across the country have claimed that they are often used as scapegoats for the company’s own IT system failures, which have resulted in hundreds of thousands of pounds worth of shortfalls. The Post Office has consistently denied this, saying there are no faults in its computer software. But in 2013 investigators discovered defects in the Horizon accounting system in many of the company’s branches, leading to the introduction of the mediation scheme.  There are 11,500 sub-postmasters in the UK and none of them are directly employed by the Post Office. They are forced to make up any shortfalls from their own pockets.  More than 140 MPs have been contacted by sub-postmasters since the dispute began, saying that they have lost their homes or been bankrupted.  James Arbuthnot, the MP leading the complaint against the Post Office, sent a letter to the company this morning, in which he accused it of rejecting 90 per cent of mediation applications.  “The scheme was set up to help our constituents seek redress and to maintain the Post Office’s good reputation,” he said. “It is doing neither. “It has ended up mired in legal wrangling, with the Post Office objecting to most of the cases even going into the mediation that the scheme was designed to provide.”  Sarah Spickernell whatsapp Show Comments ▼ whatsappcenter_img Tags: NULL Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Post Office criticised by MPs for unfairly blaming others over loss of hundreds of thousands of pounds Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoHero Wars Advertisement This game will keep you up all night! Hero Wars UndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndolast_img read more

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Meggitt targets expansion with $44m purchase

first_imgTuesday 6 January 2015 8:29 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe 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’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap ENGINEERING firm Meggitt yesterday bought Precision Engine Controls Corporation (Pecc) from United Tech­no­logies Corporation for $44.2m (£29.1m).The deal, funded from existing resources, will see San Diego-based Pecc integrate into Meggitt’s control systems division.Pecc supplies actuation, or motor, systems and fuel metering valves to manufacturers of small-frame gas turbines used predominantly in the oil and gas and power generation industries.According to Bournemouth-based Meggitt, Pecc’s products are complementary to its existing technology and will help to expand the firm’s capabilities. The company also stated that Pecc’s “substantial level of intellectual property and sole-source market positions” fit with Meggitt’s strategy of investing in components and systems for use in extreme environments in its core aerospace, defence and energy markets.Stephen Young, the chief executive of Meggitt, said: “The acquisition of Pecc is a key step in broadening our industrial valve capability. The very strong product and customer portfolio and the exceptional calibre of the employee base make the business a great fit with Meggitt.”Following the announcement, the company’s shares closed down 0.88 per cent at 509p. Show Comments ▼ Tags: NULL whatsapp Meggitt targets expansion with $44m purchase Express KCS whatsapp Sharelast_img read more

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Senior names rival Cobham man Squires as new chief executive

first_img Share Senior names rival Cobham man Squires as new chief executive Express KCS MANUFACTURING group Senior yesterday appointed David Squires as its new chief executive.Squires, currently chief operating officer at rival firm Cobham, will join the Senior board as group chief executive-designate on 1 May, and will take on the group chief executive role on 1 June, when Mark Rollins stands down.Rollins, who announced his retirement in August 2014, has been with the firm for 17 years. Senior chairman Charles Berry commented: “David clearly has the depth and breadth of experience, and the personality and drive, to lead Senior through the next stage of its development. I am confident that Senior will continue to make strong progress under his leadership.”He added: “Mark Rollins has made an enormous contribution to Senior in a career spanning 17 years. Accordingly, on behalf of the board, I would like to thank him for his dedicated and successful service.” Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndoHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndo Tuesday 6 January 2015 8:29 pm Tags: Cobham Company Seniorcenter_img Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe 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’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap whatsapp whatsapp last_img read more

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City Moves for 26 January 2015 | Who’s switching jobs

first_imgMonday 26 January 2015 12:02 am Spencer OgdenThe energy recruitment specialist has announced two appointments. Brad Lewington (pictured) has been promoted to director of Europe, the Middle East, and Africa, alongside his existing position as head of Asia Pacific. Kristen Zeilerbauer becomes managing director in London.Renaissance CapitalThe investment bank has announced the appointment of Seki Mutukwa to its frontier markets research team. Based in London, he joins from HSBC Global Asset Management, where he was a director and senior analyst. Mutukwa has also held roles at Blackfriars Asset Management and State Street Global Advisors.Puma Investments Katherine Woodfine has been appointed investment analyst at the tax-efficient investment solutions provider. She joins from RBS, where she was a risk analyst focusing on regulatory capital requirements, stress testing, and working towards the divestment of a challenger bank. Woodfine has also held positions at BATS Trading, a pan-European equities exchange.Clifford ChanceThe law firm has announced two senior appointments. Caroline Firstbrook succeeds Amanda Burton as chief operating officer. Firstbrook previously held senior positions at Accenture and Monitor. Bas Boris Visser, managing partner of Clifford Chance’s Amsterdam office, becomes global head of innovation and business change.TISADavid Dalton-Brown has been appointed director general at the financial services industry membership association. He has been a non-executive director at TISA for three years and holds a number of non-executive posts at Barclays (where he was also formerly director of Barclays Funds). Dalton-Brown has previously held senior positions at Fidelity, KPMG Norwich Union and the Prudential.Julius BaerThe Swiss banking group has announced the appointment of Alan Edwards as a senior relationship manager, with the rank of managing director senior adviser. Based in London, he will focus on developing Julius Baer’s business in the North West region of the UK. Edwards joins from Barclays Wealth, where he was most recently regional centre head for Manchester and Liverpool. Edwards has also held roles at Coutts & Co.To appear in City Moves please email your career updates and pictures to [email protected] up to receive the new City Moves morning update if you haven’t already. Show Comments ▼ City Moves for 26 January 2015 | Who’s switching jobs Express KCS Share Tags: NULL whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK 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.comNative 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.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.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.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com whatsapplast_img read more

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Balls: Markets alone won’t deliver for UK

first_imgMonday 9 February 2015 8:59 pm Tags: NULL Express KCS Show Comments ▼ INTERVIEW Labour’s shadow chancellor Ed Balls discusses markets, exports and business backing with David HellierIT’S BEEN a bit of a bruising few days for those in the Labour Party charged with finessing its relationship with the UK’s top business leaders. But that won’t stop Ed Balls relishing the prospect of speaking at the British Chambers of Commerce’s annual conference today in front of hundreds of business leaders. Rather than viewing the assignment as stepping into the lions’ den, the shadow chancellor sees the conference as an ideal place at which to test the temperature and the mood of the business sector.“If you want to feel the pulse of what’s going on, the chamber of commerce is a really good place to be.”Balls appears to be growing in confidence about his and his party’s message for business, despite some outspoken criticisms made by leading business leaders in the past few days. He appears relatively untroubled by claims from those like former M&S boss Stuart Rose or Stefano Pessina, the acting chief executive of Walgreens Alliance Boots, that it would be damaging for the economy if Labour was elected.“The reality is that there are some business leaders who are signed up and active members of the Conservative Party and there are some who give money to Labour,” says Balls. “The majority of people who lead and work in businesses are not party political.”“I don’t find that people think we are on a different side. We’re all working for the same objective, an economy which works in a long-term way, has sufficient investment and can deliver living standards for all.”Balls says the British Chambers of Commerce conference gives him an ideal platform to put forward policies which he firmly believes are pro-business. The key planks of the shadow chancellor’s strategy rest on staying in Europe; investing in long-term skills training; setting up a business investment bank and having a long-term plan for infrastructure projects.Labour intends to set up a National Infrastructure Commission to identify Britain’s long-term needs as one of its priorities if it’s elected in May.Europe is the subject that possibly unites Labour with more business leaders than any other, with strong business support for reforming the UK’s membership of the EU from within. “When you have Cabinet ministers openly speculating about leaving Europe, you are playing fast and loose and there’s a high risk to business.”“If we say we’re considering walking away, there’s a danger that becomes a self-fulfilling prophecy.”He finds the economy in better shape than it was but he is worried about several, what he terms, structural issues. For instance, he says that Britain’s export performance has worsened over the past few years and that the country has gone backwards on vocational training. These issues, he argues, are the result of a lack of long-term thinking in government, which has seen the economy grow on the back of falling commodity prices. He says Britain’s export performance has come in at 22 out of 28 countries since 2010 in terms of export growth. “We need to ask some questions here like what can we do to support the export market and what can a British investment bank do.”To those who say that Labour is anti-markets, Balls replies: “We have shown a huge understanding of how the markets work. Markets are really powerful in driving incentives but you need to write the rules of the game. Without them you get a lack of investment, collusion and a lack of competition.”“Markets alone won’t deliver long-term infrastructure, or stability for the energy industry or vocational learning. Markets can not fund a basic science base.”“But a proper plan must understand the dynamism of a market economy and ensure that government plays its proper role in assisting that.”The government’s role in policing HSBC’s tax avoidance scheme in Switzerland is also troubling Balls. “I want the financial services industry to succeed in the future but for that to happen we need the City and other financial professional services to be seen to be working to tougher standards and to tighter regulation. Every time we have a case like this, or Libor, or FX fines, this sets back London’s standing.”Balls then reflects on his time as City Minister. “When we set up the Financial Services Authority we wanted to move beyond the era of self-regulation and the Conservatives said we were being too tough… in retrospect we weren’t tough enough.” Balls: Markets alone won’t deliver for UK whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoLivestlyThe Best Redhead Actresses, RankedLivestlyUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndoBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo whatsapp Share last_img read more

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Rangers FC board confronts Dave King over finance plans ahead of EGM on 6 March at Ibrox

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionTheFashionBallPrince Harry Admits Meghan Markle May Not Be The OneTheFashionBallSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteabley Rangers FC board confronts Dave King over finance plans ahead of EGM on 6 March at Ibrox Friday 20 February 2015 3:32 am Show Comments ▼ whatsapp The board of Rangers football club has confronted a major shareholder who is seeking to oust them ahead of an extraordinary general meeting about his financial and business plans for the club.The EGM, called by former Rangers director and shareholder Dave King, will take place on 6 March at Ibrox stadium, after several London hotels refused to host it due to threats. Ahead of the EGM, the board laid out questions to King, who is making a bid to oust current members of the board and be elected himself, along with fellow former director Paul Murray and former Tennent Caledonian Breweries managing director John Gilligan.The trio are seeking shareholder support for all four directors – David Somers, Derek Llambias, Barry Leach and James Easdale – to be removed from the Rangers board.The board has recommended shareholders vote against the proposals and posed questions to King in its update to the markets this morning.On behalf of Shareholders, the board feel it appropriate to ask Mr King to provide further information regarding:a. What his business plans are in regards to the future running of the club and, in particular, how he intends to finance the club going forwards; andb. What action he intends to take to avoid the suspension of the Company from trading on the London Stock Exchange (and the subsequent risk of being delisted from trading) should shareholders vote him onto the board, as previously outlined in the announcement made on 6 February 2015. center_img whatsapp Share Lynsey Barber More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.com Tags: NULLlast_img read more

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Aldermore confirms plans to IPO (again)

first_img Tuesday 24 February 2015 3:08 am Challenger bank Aldermore has dusted off its IPO plans, which it scrapped in October, confirming its intention to float on the London Stock Exchange. The bank, which specialises in lending to small businesses, is thought to be gearing up to raise £75m through the flotation, representing approximately 40 per cent of the issued share capital of the company. In a statement this morning, the bank said it had grown from 50 employees, with £76m of lending to “a multi-product asset-based lender” with £5.6bn of assets, 160,000 customers and 875 employees.Having announced its intention to float in September, Aldermore scrapped its plans in October, as investors shied away from volatile markets. Aldermore wasn’t the only casualty: fellow challenger bank Virgin Money also cancelled plans to IPO, as did webuyanycar.com owner BCA.But in November, Virgin Money pressed ahead with its plans, raising £500m and valuing the business at £1.25bn.Last week Aldermore published figures showing it had more than doubled underlying profit before tax to £56m in 2014, with return on equity increasing 15 per cent and net loans rising 42 per cent to £4.8bn.This morning, chief executive Philip Monks said now is the right time for the business to pursue a listing.We have consistently delivered on our ambitious targets and we have proven our ability to grow organically and profitably. In 2014, underlying profit before tax more than doubled, driven by strong balance sheet growth, with net lending to small businesses and homeowners higher than ever before. whatsapp Emma Haslett whatsapp Share Show Comments ▼ Aldermore confirms plans to IPO (again) Tags: Aldermore More From Our Partners Man on bail for murder arrested after pet tiger escapes Houston homethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orglast_img read more

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Sir Malcolm Rifkind steps down as Intelligence and Security Committee chair over cash for access scandal

first_imgTuesday 24 February 2015 5:28 am More From Our Partners Astounding 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.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell 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.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Catherine Neilan whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesWorldemandCanal Drained For First Time And They Find ThisWorldemandPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinition Sir Malcolm Rifkind has stepped down as chairman of the Intelligence and Security Committee, and confirmed he will step down as MP for the safe seat of Kensington, in the wake of a cash-for-access scandal.The former foreign secretary had been suspended from Parliament yesterday after he and Labour MP Jack Straw were caught in a sting for Channel 4’s Dispatches strand, offering to use contacts and influence in exchange for payment from a private company.  Rifkind has denied any wrongdoing, and said his suspension was “meant to be a temporary matter”.  This morning he issued a statement resigning as chairman of the ISC, though said he will remain as a member. The committee is due to publish a crucial report into privacy and security in March. Of the committee, Rifkind said: None of the current controversy with which I am associated is relevant to my work as chairman of the Intelligence and Security Committee of Parliament. However, I have today informed my colleagues that while I will remain a member of the committee, I will step down from the Chairmanship.The committee is due to be dissolved in little over a month with the prorogation of Parliament for the forthcoming General Election. The main substantive work which needs to be completed will be the publication of our Privacy and Security Report during March. I do not want the work of the committee and the publication of the Report to be, in any way, distracted or affected by controversy as to my personal position. I have concluded, therefore, that it is better that this important work should be presided over by a new chairman. Of his role as MP, Rifkind issued a separate statement saying:  I had intended to seek one further term as MP for Kensington, before retiring from the House of Commons. I have concluded that to end the uncertainty it would be preferable, instead, to step down at the end of this parliament. This is entirely my personal decision. I have had no such requests from my constituency association but I believe that it is the right and proper action to take. As regards the allegations of Channel 4 and the Daily Telegraph I find them contemptible and will not comment further at this time. Although I will retire from parliament, I shall continue my public and political life and am much looking forward to doing so over the years to come. Tags: NULLcenter_img whatsapp Show Comments ▼ Sir Malcolm Rifkind steps down as Intelligence and Security Committee chair over cash for access scandal Sharelast_img read more

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Weaker retail sales aid Dow and S&P to rise – New York Report

first_img 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 ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof Show Comments ▼ Share US STOCKS rose in a broad rally yesterday, bouncing back from two days of losses, helped by weaker retail sales that paused the dollar’s recent upward movement and tempered the outlook for interest rates.The day’s gains lifted the Dow and S&P 500 back into positive territory for the year so far.The Dow Jones industrial aver­age rose 259.83 points, or 1.47 per cent, to 17,895.22, while the S&P 500 gained 25.71 points, or 1.26 per­ cent, to 2,065.95. The Nasdaq Composite added 43.35 points, or 0.89 per cent, to 4,893.29.Shares of Walt Disney rose 4.2 per cent to $107.17 and were the biggest percentage gainer in the Dow after it said it had started work on a sequel to Frozen, the best-selling animated movie of all time. Shares of Barbie maker Mattel gained 4.2 per cent to $25.65.Citigroup saw shares up 3.3 per cent to $54.08.Shares in Intel fell 4.7 per cent to $30.80. Express KCS Thursday 12 March 2015 9:45 pmcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyDiscovery29+ Fascinating U.S. Navy WarshipsDiscoveryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesGundry MD Bio Complete 3 SupplementTop Surgeon: This Simple Trick Empties Your Bowels Every Morning (Almost Immediately)Gundry MD Bio Complete 3 SupplementComedyAbandoned Submarines Floating Around the WorldComedyDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinition Weaker retail sales aid Dow and S&P to rise – New York Report whatsapp Tags: NULLlast_img read more

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