BAA unveils new debt plan

first_img Share BAA unveils new debt plan John Dunne Airport operator BAA moved a step closer to refinancing its debt by agreeing new lending facilities with a group of eight banks and said it would pay a large chunk of its borrowings next month.BAA said it completed a £625m four-year debt facility, marking significant progress towards refinancing its subordinated debt of £1.57bn.The company, operator of London’s Heathrow and Stansted airports, said the refinancing was greater than the £500m initially targeted due to excess demand from banks.BAA, which is owned by Spanish group Ferrovial, said it intends to prepay up to £1.1bn of the debt facility next month, helped by 375 million pounds from its revolving credit facilities and proceeds from the sale of its stake in airport property partnership APP.The group, which also runs Glasgow, Southampton, Edinburgh and Aberdeen airports, plans to refinance the remainder of the debt from a variety of sources, including asset disposals, loans and capital markets issues.The new facility has a margin of 3.25 per cent for the first three years, rising to 3.75 per cent in the final year, it said.Earlier this week, BAA and the Unite union reached a pay deal to prevent strikes by ground staff at major UK airports this month. Friday 20 August 2010 3:33 am whatsapp whatsappcenter_img Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.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.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com Tags: NULLlast_img read more

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L’Oréal may launch rival Culver bid

first_img Tags: NULL Show Comments ▼ Share UNILEVER could find itself embroiled in a multi-billion dollar bidding war for hair care specialist Alberto Culver.Analysts were yesterday bracing themselves for a rival bid for the firm, with L’Oreal said to be the most likely candidate. German consumer goods giant Henkel is also thought to be considering its position.JP Morgan analyst John Faucher said in a note that “the market seems to be expecting another bid, as the stock is trading through the bid… We think a counter-bid is not impossible.”And a note by RBS analyst Julian Hardwick said: “We expect a positive response to this deal, tempered only by concern that L’Oreal could counter bid, particularly given the underperformance since the second quarter results.”Unilever said on Monday it will buy US hair and skin care specialist Alberto Culver, the firm behind household brands such as V05 and TRESemme, in a deal worth $3.7bn (£2.34bn).It is understood the bid has been recommended to shareholders and that a £125m break-clause will come into play if either party pulls out of the deal. According to Bank of America analyst Nico Lambrechts: “The existence of a break clause between Unilever and the board could make a counterbid more complex but not impossible.”If the Unilever deal goes through it will follow a yet-to-be completed deal to buy Sara Lee’s body care division for $1.3bn. The firm’s largest value acquisition was the massive $20.3bn acquisition of Bestfoods in 2000.The deal would bolster Unilever’s flagging hair care sales in its core US market. In the last year Alberto Culver generated sales of $1.6bn and earnings of $250m. Tuesday 28 September 2010 11:08 pm 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 AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-Todaycenter_img KCS-content whatsapp L’Oréal may launch rival Culver bid 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 whatsapplast_img read more

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British Land eyes disposal of City assets

first_img whatsapp KCS-content whatsapp Share British Land eyes disposal of City assets LONDON landlord British Land intends to sell assets in the City financial district as it takes a more trading-focused investment strategy, adding an uptick in its exposure to prime offices may not last long.The company said yesterday its £1bn share in developing 2.1m square feet of prime offices in central London would see its portfolio exposure to the sector rise to about 40 per cent, from 33 per cent.“We will be driven, to some extent, as we see opportunities going forward,” chief executive Chris Grigg said. “We would intend over time to be more trading orientated in the City, so in a way that you could see that (portfolio weighting) going up in the short term, but potentially down longer term as we seek to take advantage of the value we create by development.”His comments came as British Land posted improved results for the six months to 30 September, with portfolio value, net asset value (NAV) and occupancy all rising, while the company’s interim dividend remained flat.Collins Stewart analyst Nan Rogers kept her “Sell” rating and 450p price target on British Land, preferring Great Portland Estates and Land Securities for their higher exposure to London’s West End and better performance. British Land’s 2.6 per cent hike in portfolio value to £8.9bn was below the 7.3 per cent reported by Great Portland and 3.4 per cent booked by Land Securities. British Land’s net asset value rose 4.2 per cent to 525p a share in the six months to 30 September, against 504p at the end of March 2010. In the prior first-half period, its net asset value was 372p. Supply of new-build London offices is expected to undershoot demand in the next three years following a three-year hiatus in construction. center_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe 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 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 TimesBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionmoneycougar.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 FollowAlphaCuteBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Healththedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Show Comments ▼ Tuesday 16 November 2010 8:25 pm Tags: NULLlast_img read more

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ECONOMIST VIEWS: HAS THE OBR GOT IT RIGHT?

first_img Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp Show Comments ▼ SIMON WARD | HENDERSON GLOBAL INVESTORSIf anything the GDP projections are not optimistic enough. Fiscal consolidation didn’t stop growth in the 1990s, and the private sector’s in better shape now than it was then.ANDREW GOODWIN | ERNST & YOUNG ITEM CLUBI’m a little surprised the deficit figure wasn’t revised lower. Growth would have to drop off quite a bit for the government to miss the target. There’s a good chance it will overshoot.HOWARD ARCHER | IHS GLOBAL INSIGHTThis is essentially a case of tweaking rather than changing the story. Having said that March still looks some way away, especially given all that is going on in the Eurozone. KCS-content Monday 29 November 2010 8:48 pm ECONOMIST VIEWS: HAS THE OBR GOT IT RIGHT? whatsapp Tags: NULLlast_img read more

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BP shares rise to six-month high after Shell bid report

first_img Share Show Comments ▼ Tuesday 4 January 2011 5:07 am BP shares rise to six-month high after Shell bid report John Dunne Tags: NULL whatsapp Shares in oil major BP hit a six-month high after reports that rival Royal Dutch Shell had considered a takeover bid during the Gulf of Mexico oil spill.BP shares were up 4.3 per cent to 485.65 pence as the market opened.The Daily Mail, citing sources close to the Anglo-Dutch group, reported Shell weighed an opportunistic bid for BP as crude gushed into the Gulf, but was discouraged by the potentially uncapped legal liabilities.The Daily Mail had said Shell could yet bid for BP if another suitor emerged but Europe’s largest oil company by market value was unlikely to be the “first mover.”Analysts and industry sources said during the crisis last summer it was likely that both US oil giant Exxon Mobil and Shell – the only companies considered large enough to mount a bid – would run the slide-rule over BP.However, the two notoriously conservative companies were seen as likely to be discouraged by the open-ended nature of BP’s liabilities.Now BP’s shares have rebounded 65 per cent from their June low at 296 pence, to give BP a market value of around $140bn (£89bn), a bid would be much harder to mount, especially for Shell which is worth over $210bn.Exxon has a market value of almost $370bn.It is uncertain whether regulators on either side of the Atlantic would support a tie-up in top tier of the industry. whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.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.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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orglast_img read more

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EMI reaches a five-year deal with Pink Floyd after lawsuit

first_img KCS-content EMI reaches a five-year deal with Pink Floyd after lawsuit Show Comments ▼ whatsapp 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 AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Tuesday 4 January 2011 8:21 pm center_img 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack 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 Proof PINK Floyd has agreed to a five-year deal with record label EMI, following a year of legal disputes. The British rock group took EMI to court last year in an effort to protect its albums, with a high court judge ruling that the label could not sell individual songs without consent. However, yesterday’s deal with the loss-making label will reportedly allow the sale of digital downloads of single songs from the Pink Floyd’s back-catalogue for the first time.EMI has not disclosed the terms of the agreement, but chief executive Roger Faxon said the label is “looking forward to continuing to help the band reach new and existing fans through their incredible body of work.”EMI has lost several high profile bands since being bought by Guy Hands’ Terra Firma private equity vehicle in 2007. Hands has until 31 March to prepare the label for its next loan covenant test. If EMI fails, lender Citigroup could seize the company. Share whatsapp Tags: NULLlast_img read more

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Vivendi and Vodafone in talks over SFR stake

first_imgWednesday 9 February 2011 11:41 am France’s second-biggest mobile operator SFR on Wednesday said its parent Vivendi was in contact with Vodafone regarding the acquisition of the British operator’s 44 per cent stake in SFR.However, it added that price discussions were still continuing.“There are contacts but the right price has yet to be found,” SFR Chief Executive Frank Esser said during a press lunch in Lyon, France.Vivendi last month said it had completed the sale of its stake in NBC Universal to GE, bringing in the remaining proceeds of $3.8bn (£2.36bn) and replenishing coffers to acquire Vodafone’s SFR stake.Vivendi sold its entire 20 percent stake in NBCU for $5.8bn. alison.lock Show Comments ▼ Tags: NULL whatsapp whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe 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 TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam Share More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Vivendi and Vodafone in talks over SFR stake last_img read more

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Osborne: banks had to pay

first_img Tags: NULL whatsapp Osborne: banks had to pay Share Show Comments ▼ 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 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.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoamcenter_img whatsapp GEORGE Osborne has given up mooted plans to ban banks from offsetting their tax liabilities against past losses, saying that his £2.5bn bank levy has rectified the problem of banks “not paying enough tax” under Labour.The chancellor was responding to the row over Barclay’s 2009 UK corporation tax bill of £113m.But despite Osborne having once raised the possibility of doing away with the widely accepted, long-standing regime whereby all firms – not just banks – can reduce corporation tax bills on the back of past losses, the Treasury said yesterday that it had no plans to change policy.The coalition last year announced plans to shave one per cent off corporation tax each year until it reaches 24 per cent (versus 28 per cent now), in order to stimulate business growth. But Osborne said his levy was meant to counteract that effect with regard to banks. Barclays paid over £1bn in global corporation tax in 2009, versus pre-tax profits of £4.5bn and a £7bn gain from selling Barclays Global Investors, a transaction taxed separately. BARCLAYS TAX ROWQ. DID BARCLAYS REALLY PAY ONLY ONE PER CENT TAX IN 2009?A. No. The bank’s annual report shows that it in fact paid £1.05bn globally in corporation tax in 2009, an effective tax rate of 23 per cent on pre-tax profit from continuing operations, or nine per cent if you count the bank’s one-off £7bn gain from the disposal of Barclays Global Investors, which is not subject to corporation tax. In total, including national insurance, VAT and payroll tax, the bank and its employees paid over £2bn in UK taxes alone in 2009.Q. SO WHY IS THE BANK’S HEADLINE CORPORATION TAX FIGURE ONLY £113M FOR 2009?A. The rest of the bank’s corporation tax bill was paid in jurisdictions other than the UK. The bank was also able to offset drastic losses suffered during the previous year against its UK corporation tax, under rules introduced in 2002. It also routed some transactions through offshore centres. KCS-content More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Sunday 20 February 2011 11:18 pmlast_img read more

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ANALYST VIEWS: IS TAYLOR WIMPEY NOW WELL PLACED FOR THE FUTURE?

first_img KEITH BOWMAN | HARGREAVES LANSDOWNTaylor Wimpey appears to be firmly on the road to recovery. 2011 is expected to be a further year of progress, supported by ongoing cost cutting, while more recently acquired lower priced land should contribute to the recovery in the company’s profit margin.JOHN?MESSENGER | RBSThe group is in a stronger position to manage the land acquisition and home sale process relative to recent years. In particular, this implies a more selective land buying process aimed at maximising margin and value over volume – in essence allowing the landbank to determine sales output rather than vice versa.RACHEL WARING | PANMURE GORDONThere has been a lot of improvement over the last couple of years, specifically in tightening up the balance sheet. It does appear to be in pretty good health at the moment, yet it still has highest level of gearing in the sector. If it did dispose its north American business it would hit normal levels. Watch this space. whatsapp ANALYST VIEWS: IS TAYLOR WIMPEY NOW WELL PLACED FOR THE FUTURE? Tags: NULL Thursday 3 March 2011 7:27 pm More From Our Partners Police 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.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.comColin Kaepernick to publish book on abolishing the policethegrio.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.orgKansas coach fired for using N-word toward Black playerthegrio.com KCS-content Show Comments ▼ whatsapp Sharelast_img read more

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Madoff trustee has won $9.8bn

first_img THE trustee seeking money for investors hurt by Bernard Madoff’s Ponzi scheme said he hopes to begin distributing money “in the near future” but that lawsuits challenging his efforts are causing delays.Irving Picard, the trustee, said he has won $9.8bn (£6bn) in recoveries since the fraud was uncovered in December 2008. But most of this sum is being held, including a $7.2bn settlement from the estate of former Madoff investor Jeffry Picower that is being challenged by investors who complain the accord blocks other lawsuits against the estate. Share Tags: NULL whatsapp Madoff trustee has won $9.8bn 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 Wrapcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Show Comments ▼ KCS-content Tuesday 8 March 2011 8:56 pmlast_img read more

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