Ex-HP boss Hurd in bid to keep Fisher letter private

first_img Tags: NULL whatsapp FORMER Hewlett Packard (HP) chief executive Mark Hurd is fighting to keep private the letter that led to his resignation from the technology giant and has triggered an investigation by the Securities and Exchange Commission into his departure.The eight-page letter, in which former HP contractor Jodie Fisher is believed to have accused Hurd of sexual harassment, is currently under seal in Delaware’s Court of Chancery as part of a shareholder suit filed against HP over the executive’s exit.The law firm for the shareholder suit said last month it would publicise the letter, but Hurd’s lawyers have filed a motion to keep the letter private.Hurd has denied having an inappropriate relationship with Fisher. His spokesman said on Monday that “Mark acted properly in all respects.” After leaving HP, Hurd joined rival Oracle as a co-president. KCS-content whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily 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 ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Sharecenter_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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Ex-HP boss Hurd in bid to keep Fisher letter private Show Comments ▼ Wednesday 22 December 2010 7:14 pm last_img read more

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Good news boosts FTSE to 2008 levels

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Good news boosts FTSE to 2008 levels by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Wednesday 12 January 2011 2:06 pm BANKS and miners dominated the FTSE today, leading the index to another 31-month high as good news from Portugal’s bond sale boosted financial stocks, and miners tracked metals prices higher.Four FTSE 250 companies also posted double-digit gains as news that Gartmore agreed a £335.3m takeover deal by rival Henderson sent their shares higher.The FTSE 100 finished in positive territory for the second day in a row, up 36.69 points, or 0.6 per cent, at 6,050.72The close is its highest since early June 2008.Miners were the main driver for the index, with ENRC, Vedanta and Kazakhmys all gaining 4.36 per cent, 4.27 per cent and 3.66 per cent respectively.Vedanta soared after India’s oil minister said he saw no problem with its acquisition of assets from Cairn Energy, meaning the deal could be cleared by the end of the month. 

HSBC was the best performing financial, up 3.8 per cent, after Barclays Capital analysts gave it a “buy” recommendation, but fellow banks Standard Chartered and Barclays were also in demand.Life insurers Aviva and Legal & General were also among the biggest risers, moving up 3.13 per cent to 421.30p and 2.83 per cent to 109p respectively, as investor fears over the eurozone lessened.Among the fallers, auto part maker GKN lost 2.61 per cent of its value, or 230.90p. Michael Hewson, market analyst at CMC Markets, said the stock had “slipped back from its highest levels in three years as profit taking starts to kick in.”Supermarket group Sainsburys fell 2.15 per cent to 382p despite the company beating analyst forecasts to report its best-ever Christmas, with sales at stores open over a year up 3.6 per cent, excluding fuel but including VAT.In the FTSE 250, fashion retailer SuperGroup closed up 19.42 per cent at 390p after predicting top-end profits following its best ever Christmas. It almost doubled retail sales during the nine weeks to 2 January. Fund managers Gartmore and Henderson also added 13.7 per cent and 9.3 per cent respectively after announcing their merger.Bakery chain Greggs like-for-like sales rose 0.6 per cent over the Christmas trading period while total sales climbed 3.5 per cent as shoppers homed in on its coffee and mince pies.In the US the market also saw a boost from Portugal’s successful bond sale. “US markets have made new two-and-a-half year highs today as the S&P looks to test the 1,300 level on the back of this morning’s successful Portuguese bond auction and optimism about the forthcoming US earnings season,” Hewson said. whatsapp Sharecenter_img whatsapp Show Comments ▼ alison.lock Tags: NULLlast_img read more

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BEST OF THE BROKERS

first_img AMECMorgan Stanley has downgraded the engineering consultancy to “underweight” with a target price of £10.80 due to risks from the firm’s excess cash pile of around $1bn. The broker believes that AMEC missed the opportunity to expand through acquisitions when valuations were low in 2009, and sees a risk of the firm acquiring rivals at demanding multiples or instead leaving its cash pile idle.BARCLAYSNomura rates the bank “neutral” with a 340p price target. The broker sees the bank’s return on equity targets as relatively demanding, implying a pre-tax profit of £10.4bn in 2010 terms, meaning a material re-rating is unlikely despite its recent positive results. Nomura has raised its pre-tax profit estimates by eight per cent to £7.135bn for 2011 on the back of better-than expected results at Barclays Capital.GO-AHEAD GROUPRBS rates the transport group “hold” with a target price of £11. The broker expects in-line half-year results tomorrow, though the focus will be on possible structural changes for the UK rail sector and how the firm will approach franchise opportunities. RBS predicts half-year revenues of £1.09bn and pre-tax profit of £45.9m. It expects the interim dividend to remain in place at 25.5p per share. KCS-content whatsapp whatsapp More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKansas coach fired for using N-word toward Black playerthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Sharecenter_img BEST OF THE BROKERS by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULL Show Comments ▼ Wednesday 16 February 2011 7:36 pmlast_img read more

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John Lewis sales stall again

first_img John Lewis JLP.UL posted a fourth consecutive week of lacklustre sales, adding to evidence consumers are cutting back on spending in the face of macro economic headwinds.The employee-owned group, which has been outperforming the broader retail sector for over a year, said on Friday sales at its department stores increased 1.4 per cent to £49.8m in the week to 12 February.That follows a rise of 1.2 per cent in the previous week and declines in the last two weeks of January.“The John Lewis figures suggest that consumers are becoming increasingly less prepared – or less able — to spend as higher inflation (fuelled by January’s VAT hike from 17.5 per cent to 20.0 percent) and muted earnings growth squeezes their purchasing power,” said IHS Global Insight chief economist Howard Archer.Consumer confidence fell sharply in January to near its weakest level since early 2009, a survey by building society Nationwide showed on Wednesday. Official retail sales data for January are due to be published at 9:30 a.m.John Lewis also runs upmarket grocery chain Waitrose. Sales here rose 5.4 percent to 96.6 million pounds, with purchases for Valentine’s Day providing a boost. whatsapp Friday 18 February 2011 3:48 am Share whatsapp More From Our Partners Brave 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org John Dunne Show Comments ▼ John Lewis sales stall again Tags: NULLlast_img read more

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PPL in £3.5bn deal for E.ON’s UK network

first_img More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Share John Dunne whatsapp Show Comments ▼ PPL in £3.5bn deal for E.ON’s UK network whatsapp Wednesday 2 March 2011 2:52 am US power firm PPL Corp is buying German utility E.ON AG’s UK power networks for £3.5bn in cash to create one of the largest electricity distributors in Britain.PPL, which beat a rival bid from Hong Kong billionaire Li Ka-Shing according to people familiar with the matter, would also assume £500m of debt.The deal, expected to close in early April, would create the largest network of electricity delivery companies in Britain in terms of regulated asset value, at a combined $7.8 billion (4.8 billion pounds), PPL said in a statement.The E.ON business, called Central Networks, is the UK’s second-largest electricity distributor and delivers power to over five million customers. It would add to PPL’s existing pool of 2.6 million customers in South West England and South and West Wales.The acquisition furthers PPL’s move into steadier, regulated power provision and away from the competitive business of power generation. Units with regulated returns made up just 27 per cent of earnings in 2010, but helped by the earlier E.ON deal, were already forecast to make up half of this year’s earnings.The sale would also be an important milestone for E.ON, which is shedding some 15 billion euros of assets. It would mark the second big deal with PPL, after the latter bought E.ON’s Kentucky-based power unit last year for $6.7bn in cash.Hong Kong’s Li had also pursued the E.ON assets to add Britain’s second-biggest electricity distribution network to the largest, which he bought last year from EDF of France.PPL’s bid succeeded because it offered a higher price, not because Li’s rival bid posed bigger competition problems, a person familiar with the matter said. Tags: NULLlast_img read more

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Latin America drives sales at Michael Page

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org RECRUITER Michael Page has posted improved profits for 2010, driven by its expansion into emerging markets.Gross profit for the year rose 23.8 per cent to £442.2m, with 72 per cent of the company’s profit generated overseas.The fastest-growing market was the Americas, driven by expansion into Chile – the firm’s fourth Latin American market – and the opening of four new offices in Brazil.Revenue for the region rose 38.9 per cent to £77.2m and gross profit rose 48.1 per cent to £56.4m.Asia Pacific contributed 16 per cent of the group’s gross profit in 2010, with revenue 33.9 per cent higher at £120.3m. Gross profit for the region rose 53.9 per cent to £72.2m, up from £42.2m in 2009.The recruiter also launched its Page Personnel division in Hong Kong, Mexico, Russia and Singapore last year, and opened new businesses in Qatar, India and Malaysia at the start of 2011. The UK posted a 12.7 per cent increase in gross profit to £124.9m. Headcount in the UK rose from 1,179 at the start of the year to 1,324 by the end of December.Chief executive Steve Ingham said: “Since the start of 2011 we have seen strong growth in our EMEA region, Australia and North America and steady growth in our UK business, where conditions remain tough but stable. We continue to achieve our highest rates of growth in our Asian and Latin American regions.” KCS-content whatsapp Latin America drives sales at Michael Page Show Comments ▼ whatsapp Tags: NULL Monday 7 March 2011 8:36 pm Sharelast_img read more

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US home sales fall to record low

first_img Tags: NULL KCS-content whatsapp Wednesday 23 March 2011 8:13 pm Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap US home sales fall to record low Show Comments ▼ Wall Street stocks fell in yesterday’s morning trading, partly due to disappointing new home sales data. US new home sales plummeted in February to a record low and prices were the lowest since December 2003, suggesting the housing market slide was deepening. Sales in February dropped 16.9 per cent to a seasonally adjusted 250,000 unit annual rate, the lowest since records began in 1963, the Commerce Department revealed. whatsapplast_img read more

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Japan nuclear leaks could take months to halt

first_img Japan nuclear leaks could take months to halt More From Our Partners A 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.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org 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 Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today Show Comments ▼ whatsappcenter_img whatsapp Share Sunday 3 April 2011 11:29 pm JAPAN’S government yesterday warned that it could take months to stem radiation leaks from the damaged Fukushima Daiichi nuclear plant, as the plant’s operator said attempts to seal the latest reactor leak had so far failed. A crack in the concrete pit at Fukushima’s number 2 reactor was confirmed at the weekend, and radiation readings remained high last night despite efforts to repair the fracture.Meanwhile two nuclear plant workers were named as the first official deaths at Fukushima.Speaking on national television, prime ministerial aid Goshi Hosono admitted that overheated nuclear rods at the plant still presented a crisis situation. “How long will it take to achieve (the goal of stopping the radiation leakage)? I think several months would be one target,” he said.Plant operator Tokyo Electric Power Company (Tepco) yesterday said that General Electric had promised to help with supply generation in the coming months.A Tepco spokesman said that GE, which helped build three of six reactors at the Fukushima plant, “would cooperate with Tepco on restarting and strengthening its thermal power generation”. Tags: NULLlast_img read more

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Smiths News sees profit lift

first_img Share Show Comments ▼ Smiths News sees profit lift 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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com whatsapp KCS-content center_img Newspaper and magazine distributor Smiths News first-half underlying pre-tax profit rose 11 per cent on cost cuts, and the company said it expected the royal wedding to boost its magazine sales in the second half. September to February underlying pre-tax profit was £19.2m, compared with £17.3m last year. Revenue, however, fell 5.2 per cent to £872.3m, hurt by lower sales at its books business, Bertrams. The company has set out a cost-efficiency programme to save £20m by 2013. Smiths News shares have shed 27 per cent since the company warned in October that it was cautious about its recovery prospects. 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 PastBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Wednesday 13 April 2011 8:04 pm Tags: NULL whatsapplast_img read more

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Business can help offset UK consumer dip

first_img KCS-content Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsUndo MISERY on the British high street will be further confirmed by this week’s official retail sales data, economists expect, with attention turning to business investment to offset the slump in consumer spending.Business investment will increase by 12 per cent this year and by a further 14 per cent in 2012, the Ernst and Young Item Club forecasts.“The importance of companies releasing some of the cash they have stockpiled over the recession cannot be underestimated,” said Item Club economist Peter Spencer. “Their spare cash flows equate to nearly seven per cent of GDP.”Official retail sales figures for March are released on Thursday. The volume of sales on the UK high street in February fell by 0.8 per cent, compared to the previous month.“UK households continue to see their purchasing power being eroded by the rising cost of everyday living,” said Markit’s Alex Hamilton.Inflation expectations have jumped to a record high in April according to Markit’s household finance index, also released today. Nine in 10 households expect the cost of living to be even higher at this time next year, while 85 per cent of respondents reported higher costs than just one month ago.The outlook for household finances has also tumbled to a record low, Markit revealed. Real disposable incomes will fall for the second year running in 2011, the Item Club added – the first time this has happened since the 1970s.The squeeze from inflation and sluggish wage growth is hammering economic confidence in the UK, according to Ashish Prashar from Ipsos MORI.Only one in four (26 per cent) of Brits expect their local economy to be stronger in six months from now, according to a new Ipsos MORI poll. whatsapp whatsappcenter_img Show Comments ▼ Sunday 17 April 2011 11:00 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Business can help offset UK consumer dip Tags: NULLlast_img read more

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