CITY MOVES | WHO’S SWITCHING JOBS

first_img KCS-content CITY MOVES | WHO’S SWITCHING JOBS Share whatsapp WiggleAndy Bond, the chairman and former chief executive of Asda, has joined the board of the online sports and cycling retailer as a non-executive director. Bond, who is a keen cyclist, joined Asda in 1994 as a marketing manager. He held various positions including chief operating officer and marketing director before winning the top job in 2005. He holds an engineering degree from Salford University and an MBA from Cranfield School of Management.Ashmore Global Opportunities The investment firm has appointed Christopher Legge and Tony Kane as non-executive independent directors. Legge, who is a Guernsey resident, qualified as a chartered accountant in 1980 and spent the majority of his career based in Guernsey with Ernst & Young. Since his retirement in 2003 he has held number of directorships in the financial sector including BH Macro, Goldman Sachs Dynamic Opportunities and Third Point Offshore Investors. Kane, who is a US resident, has 33 years of experience in the field of emerging markets investment with JP Morgan, Equitable Capital Management Corporation, Australia and New Zealand Bank, as well as working for Ashmore from 1999 to 2005. Gartmore Fledgling TrustThe trust has appointed Robert Jeens as a non-executive director of the trust with effect from 1 September. Jeens has been a member of the board at TR European Growth Trust since 2002, and is also a non-executive director at Henderson Group, the Royal London Mutual Assurance Society and a number of private firms. He is a chartered accountant with more than 20 years’ experience in the investment and financial services industry.Credit FlexThe loan broker has appointed Pat Cunneen as an independent director with immediate effect. Cunneen was a managing director at AIB Investment Managers until his retirement in 2005, and previously worked as investment director at New Ireland Assurance Company. He is a member of the board at the Irish branch of Commerzbank Europe and at Gartmore Irish Growth Fund. He has 35 years of experience in the financial sector in both Ireland and abroad. Towers WatsonThe professional services company has hired Steve Allan as a practice leader for mergers and acquisitions in the EMEA region. Allan has over 20 years’ experience in M&A work, and has relocated from Towers Watson’s Tokyo office where he led the benefits practice and consulted on M&A activity across Asia Pacific. Before that he spend seven years in New York and London working with multinationals on due diligence and merger integration. Steve is a Fellow of both the Institute of Actuaries in the UK and the Society of Actuaries in the US, and holds bachelor’s and master’s degrees from Bristol University. His move is part of Towers Watson’s overhaul of M&A operations. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo whatsapp Tags: NULL Monday 30 August 2010 8:51 pm Show Comments ▼last_img read more

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CBI: Service sector sees a slump in profitability

first_imgWednesday 1 September 2010 8:22 pm KCS-content Tags: NULL PROFITABILITY in Britain’s service sector unexpectedly fell last month and firms expect no end to the current gloom engulfing the sector, the CBI will reveal today. A net 14 per cent of consumer services firms reported overall profitability to be down over the past three months while a net 29 per cent of business and professional services firms saw a fall in profitability. Both sectors expect profitability to continue to fall over the coming quarter.Business levels also were below normal with consumer services reporting both the value and volume of business to be well below normal in August. Firms expect a slight improvement in both measures over the coming quarters. In business and professional services, value also fell while volume of business was little changed, prompting a fall in confidence for the first time in over a year. The CBI’s Ian McCafferty, said: “These survey results highlight that activity across the economy is patchy, with some sectors doing better than others. And such conditions are likely to continue into next year.” whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramSmartAnswers.netThis New Volkswagen SUV Is The Car Of Your Dreams.SmartAnswers.netLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBrake For ItThe Most Worthless Cars Ever MadeBrake For It center_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com CBI: Service sector sees a slump in profitability Show Comments ▼ whatsapp Sharelast_img read more

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Fixed income holding up

first_img Fixed income holding up DURING the financial crisis, Deutsche Bank’s reputation for being solid but uninspiring became an asset, enabling it to emerge from the abyss relatively unscathed. Now it seems to be shaking off the “boring” mantle, becoming the only bank so far to increase revenues from fixed income sales and trading in the third quarter compared to the same period last year. It wasn’t just UBS, which reported a staggering 49 per cent fall in its third quarter FICC unit earlier this week. Morgan Stanley was off 58 per cent; Credit Suisse declined 41 per cent; JP Morgan was down 38 per cent; Goldman?Sachs dipped 37 per cent; Citigroup was off 13 per cent; and Bank of America Merrill Lynch saw FICC?revenues down 12 per cent. Deutsche isn’t broadcasting its secret, but it too experienced “a seasonal slowdown in client activity in July and August [that] was exacerbated by ongoing sovereign risk concerns”. The difference, it seems, is the German bank was ready to make hay when September’s upturn came. Its rivals clearly weren’t. KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.com 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 ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorDirect HealthyKate Silverton’s PartnerDirect Healthy whatsappcenter_img Wednesday 27 October 2010 8:50 pm Share Tags: NULL whatsapp Show Comments ▼last_img read more

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Report fuels tax protests against HSBC

first_img Share whatsapp 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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img Report fuels tax protests against HSBC Show Comments ▼ Sunday 19 December 2010 10:54 pm Tags: NULL THE campaign group UK Uncut has chosen its latest target, HSBC, as a result of suggestions from a former tax inspector that the banking giant is negotiating with the Inland Revenue to withhold around £2bn in tax.The protest group yesterday said the bank is “next in line” for a fresh wave of protests, after a weekend of unrest that led to the closure of shops across the country.Demonstrations took place in London and Liverpool at HSBC branches, including a sleep-in protest in Covent Garden.A source close to HSBC told City A.M. last night: “We are fully transparent in our dealings with HMRC and have contributed £5bn in UK tax over the last five years making HSBC a top 10 UK tax payer.”However, former HMRC corporate tax inspector Richard Brooks claims to have uncovered alleged tax avoidance measures relating to the bank’s Hong Kong operation, worth up to £2bn over the last eight years.“The thing about tax avoidance is it’s depriving everyone else of money,” Brooks last night told City A.M.UK Uncut spokesperson Jonathan Ross told said last night that protesters are “keen to take action” against HSBC.He said: “This is money on the brink of being avoided.”Trading at stores across Britain was suspended on Saturday after protests, which included campaigners blockading Top Shop’s flagship store on Oxford Street. UK Uncut says it is unhappy with the tax status of the wife of Sir Philip Green – who is a resident of Monaco – which enabled her to receive a £1.2bn dividend from Topshop parent Arcadia in 2005 virtually tax-free. Demonstrations also took place at other Arcadia Group stores, as well as at Vodafone outlets.Vodafone last night said protesters had held demonstrations at fewer than five per cent of its 400 stores nationwide, resulting in a minimal impact on trading.A spokesperson said: “Vodafone pays its taxes. Vodafone has no unpaid tax bill. HMRC itself has called the £6bn figure being used by protesters an ‘urban myth’”. last_img read more

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News Corp to consider sale of MySpace

first_img Share Show Comments ▼ Thursday 13 January 2011 8:19 pm NEWS Corp is exploring strategic options for its MySpace social network, including a sale or a spinout, the company said yesterday.The news comes a day after the former social networking high-flyer slashed nearly half of its staff.News Corp, which paid $580m (£366.3m) for MySpace in 2005, believes a spinout would be the most logical route, it is understood. That option would likely entail someone from the venture capital or the private equity community investing in MySpace, thereby altering the current ownership structure.The company launched a new version of the site in October centred on music, movies and entertainment for the 35-year-old-and-under crowd.At an all-staff meeting yesterday, MySpace chief executive Mike Jones announced that parent company News Corp was exploring strategic options for the site.A News Corp spokeswoman added: “We are looking at a number of strategic options for the business, including a sale, merger or spinout.”News Corp chief operating officer Chase Carey said in November that the company was exploring all options for MySpace, including a sale, and told investors that month that MySpace had quarters rather than years to turn itself around.Once the top internet social networking site, MySpace has been eclipsed in recent years by Facebook, which now has more than 500m users and was recently valued at $50bn .On Tuesday, MySpace announced that it was laying off 47 per cent of its staff, or about 500 employees. Shrinking MySpace’s losses will be key in attempts to shop it to would-be buyers. Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap KCS-content Tags: NULL whatsapp News Corp to consider sale of MySpace whatsapplast_img read more

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UKFI warns on bank splits

first_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.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 UKFI warns on bank splits whatsapp KCS-content THE manager of the government’s stake in RBS and Lloyds defended the structure of the UK’s biggest banks, hitting back at advocates of splitting them into retail and investment arms yesterday. Sir David Cooksey, chairman of UK Financial Investments, which administers the government’s shares in the lenders, argued that breaking up banks would destroy their value.In the latest salvo in the debate over whether big universal banks should be split up to make them safer, Cooksey said trying to separate banks’ retail and investment banking arms would lead to “a diminution in value” at the institutions.“We’ve looked at the dramatic separation option. It’s difficult to know the full implications, but it would clearly be negative for value,” he told the parliamentary Treasury Select Committee.The Independent Commission on Banking is taking evidence on how to reform UK banks to ensure none are too big to fail in a future crisis. It has proposed forcing institutions to hive off their trading divisions to safeguard the low-risk deposit-taking retail businesses. UKFI chief executive Robin Budenberg said the nationalised banks must be allowed to pay bonuses to stay competitive in the battle for top staff. “We understand that it is very difficult to justify the sort of bonuses that are paid at these banks,” he said. “But if we want to sell these shares, we have to make sure the banks are able to retain the talent.” Sharecenter_img whatsapp Thursday 27 January 2011 9:06 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe 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 AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads Tags: NULLlast_img read more

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UK service sector growth slows

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo UK service sector growth slows 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’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 WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap whatsapp Show Comments ▼ Thursday 3 March 2011 5:00 am Sharecenter_img John Dunne Tags: NULL Growth in the dominant service sector slowed sharply in February after January’s weather-related bounce and companies recorded job losses for the fifth month running, a survey showed.February’s headline services PMI index fell to 52.6 from January’s eight-month high of 54.5, a peak that followed a negative reading in December blamed on snow. The index, compiled by Markit/CIPS, had been expected to fall to 53.5.Although the pace of growth eased in February, it remained close to the average for the second half of 2010 and will reinforce expectations the economy will recover early this year, but only slowly.The surprise 0.6 per cent contraction in the fourth quarter of last year has made the Bank of England wary of raising interest rates, despite a surge in inflation to double the central bank’s target.Investors are betting the Bank will raise interest rates from their low of 0.5 per cent by the middle of the year, although much will depend on how the economic data develops.“February saw growth of the UK service sector return to the modest rate seen prior to the weather-related readings of December and January, leaving it on course to expand by around 0.3 per cent in quarter one,” said Paul Smith, senior economist at Markit. whatsapp last_img read more

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Losses at Qantas as routes and jobs go

first_img Show Comments ▼ 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 CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe KCS-content whatsapp Wednesday 30 March 2011 7:59 pm RISING fuel prices and a string of natural disasters that resulted in $140m (£87.2m) in losses have forced Australia’s Qantas Airways to cut back on capacity and management. The airline’s statement came after Brent crude futures for May delivery rose 36 cents to settle at $115.16 yesterday as expectations for a quick restoration of Libyan oil to the market were cut back. Qantas chief executive Alan Joyce said he was aiming to cut management headcount as well as reduce capacity on several popular routes. The airline plans to cut domestic capacity growth in the second half of the current financial year to eight per cent from 14 per cent and international capacity growth to seven per cent from 10 per cent.The airline did not give full-year earnings guidance, but said the potential impact on earnings in the second-half included A$45m from the Japan earthquake and tsunami, A$60m from flooding in Australia’s Queensland state, A$20m from Queensland cyclones and A$15m from the recent New Zealand earthquake. center_img Share whatsapp Losses at Qantas as routes and jobs go More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPuffer fish snaps a selfie with lucky divernypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Tags: NULLlast_img read more

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Crackdown on benefit fraud

first_img THE government has launched a crackdown on benefit fraudsters, with the first assessment letters sent out to incapacity benefit claimants yesterday indicating the disability living allowance was being replaced by a new payment.The letters are being sent as part of a “work capability assessment” that employment minister Chris Grayling has estimated will find that half a million people out of 1.6m claiming incapacity benefit are in fact fit to work.In a related shake-up, Iain Duncan Smith’s department for work and pensions yesterday announced that the disability living allowance (DLA), claimed by 3.2m at a total cost of £12bn a year, will be replaced by the personal independence payment.The new payment will require claimants to be more stringently assessed rather than having to simply fill in a form online to receive the benefit. It will also periodically re-assess claimants to determine if their needs have changed, although it is not yet clear what this new assessment will involve.Figures show that the number of people receiving DLA, which is meant for both working and non-working disabled people who need help washing and dressing, grew from 2.4m to 3.2m between 2002 and 2010. whatsapp Share whatsapp Crackdown on benefit fraud 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.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Adscenter_img 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Monday 4 April 2011 8:43 pm KCS-content Show Comments ▼ Tags: NULLlast_img read more

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TUI in talks on sale of Hapag-Lloyd shipping

first_img GERMANY’S TUI has said it is in talks to sell a stake in container shipping business Hapag-Lloyd, that it had earlier said it wanted to float, boosting its shares by five per cent.“TUI is currently in talks with potential investors over the sale of shares in Hapag-Lloyd,” the travel group said in a statement.Sources close to TUI said that talks with several interested parties including Oman and China’s fourth-largest airline group HNA were at an early stage, with one saying the size of the stake was 10-15 per cent.An official at Omani state-owned Onyx Investments said it had reached an agreement in principle to buy a stake in world’s fifth-largest container shipper, but that negotiations about the price were continuing. KCS-content Show Comments ▼ Share Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tuesday 5 April 2011 7:27 pm whatsapp whatsapp Tags: NULL TUI in talks on sale of Hapag-Lloyd shipping last_img read more

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