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Shire in drug withdrawal threat

first_img whatsapp US health officials have for the first time proposed withdrawing approval of a prescription drug for the manufacturer’s failure to complete required studies after the medicine reached the market. Shire did not conduct clinical trials to verify the suggested benefits of hypotension drug ProAmatine, the Food and Drug Administration said yesterday. The drug won approval 14 years ago and is not a big seller for Shire. Shire has 15 days to request a hearing to object. Monday 16 August 2010 8:32 pm Share KCS-content whatsapp Shire in drug withdrawal threat Tags: NULL 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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.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.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Show Comments ▼last_img read more

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Anglo seeking €25bn bailout

first_img Show Comments ▼ Anglo seeking €25bn bailout Anglo Irish Bank said yesterday the bill for its rescue should not exceed €25bn (£20.6bn) but investors remained sceptical after mounting losses raised pressure on Ireland to shut down the nationalised lender.Once the posterchild of the “Celtic Tiger” economy, the cost of bailing out Anglo left Ireland with the biggest budget deficit in the European Union last year, undermining the government’s austerity drive and raising its borrowing costs.Anglo Irish chief executive Mike Aynsley’s view that the bank would not need more than the €25bn previously flagged by the government failed to soothe markets already rattled by concerns over Eurozone debt.“It’s a pretty brave comment by the management,” said one analyst who declined to be named. “As a taxpayer I would be somewhat relieved, and I think it would be a nice support for the bond market, but I’m scratching my head over it.”The premium investors demand to hold 10-year Irish bonds over German Bunds was hovering close to euro-era highs of 366 basis points yesterday. Irish financial stocks were trading down 1.45 per cent.In an analysis criticised by Irish officials, ratings agency Standard & Poor’s estimated last week that the final cost of purging Anglo of bad debts accumulated during the property boom could hit €35bn.Finance minister Brian Lenihan did not put a final figure on Anglo’s bailout but said clarity on the total cost would come when Ireland reaches an agreement with the European Commission on what to do with the lender. “We must bring finality and certainty to that figure and that is part of this exercise we are doing with the European Commission,” he told the national broadcaster. Dublin signalled on Monday it might wind down Anglo Irish, the worst-performing company in Irish corporate history, after its losses and scandals made it more difficult to push through spending cuts. Tuesday 31 August 2010 9:13 pm whatsapp whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA 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.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.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Share KCS-content Tags: NULLlast_img read more

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Cenkos denies Panmure bid as profit falls

first_img Tags: NULL whatsapp More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt 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.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com CENKOS Securities has no interest in the sector’s prime bid target, Panmure Gordon, although Cenkos’ chief executive said his company could benefit from any disruption at Panmure.“I’m more interested in acquiring teams and individuals,” Cenkos chief executive Simon Melling said, as the company reported lower first-half profits yesterday.Britain’s mid-tier stockbroking sector has recently been stirred by signs of sector consolidation, as the industry faces pressures from fewer deals due to financial market turmoil.Earlier this month, Evolution Securities said it was considering bidding for smaller rival Panmure Gordon, while UK broker Alexander David is eyeing a bid for peer Hoodless Brennan.In the past, Cenkos has looked at rivals Close Brothers and Arden Partners, but Melling said mergers between brokers were often hard to pull off.He added that Cenkos could benefit from any disruption at Panmure or Evolution caused by the bid situation. “I think it creates opportunities for Cenkos. We may be able to prize away clients and dissatisfied individuals,” he said.Cenkos’ underlying interim operating profit fell 7.4 per cent to £5m, but Melling hoped Cenkos’ second half profits would be “slightly up” on those of the first-half.It saw strong growth in its wealth management business with funds under management rising to £982m at the end of June, up from £657m a year earlier. An interim dividend of 2p has been proposed, down from 5p last year.“We’ve had a good start to the second half. We were closing deals in July and August,” said Melling.Cenkos shares closed 3.8 per cent higher at 109p yesterday giving the group a market capitalisation of around £74m. Panmure’s market value stands at roughly £44m while Evolution’s market capitalisation is around £200m.Britain’s smaller, independent investment banks and brokers have posted mixed first-half results. Panmure and Ambrian Capital reported interim losses, while Collins Stewart and privately-held Liberum Capital had higher first-half profits. Share KCS-content Cenkos denies Panmure bid as profit falls Thursday 30 September 2010 10:08 pm Show Comments ▼ whatsapplast_img read more

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China offers to give help to Portugal

first_imgSunday 7 November 2010 8:12 pm Tags: NULL China offers to give help to Portugal 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼ whatsappcenter_img Share KCS-content PRESIDENT Hu Jintao said yesterday China will back Portugal’s efforts to deal with fallout from the world financial crisis, but stopped short of promising to buy Portuguese bonds as the debt-ridden country had hoped.“We are willing to take concrete measures to help Portugal cope with the global financial crisis,” he said after meeting Prime Minister Jose Socrates, without elaborating.Last month, Premier Wen Jiabao promised to buy Greek government bonds when Athens returns to markets, in a show of support for the country whose debt burden pushed the Eurozone into crisis and required an international bailout.Portugal, which unlike Greece still sells bonds on financial markets although at high cost, had hoped for a similar promise as it attempts to soothe investors about its high budget deficit and ballooning debt. Deputy Foreign Minister Fu Ying, who is part of the Chinese delegation visiting Europe, said that Beijing remained committed to investing in European bonds and was willing to lend Portugal a helping hand.The Chinese government faces criticism at home over losses which state entities incurred during the global crisis. But using part of its huge foreign currency reserves to support troubled European countries would help to deflect international criticism of its trade policies. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider whatsapplast_img read more

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Google faces EU anti-trust investigation

first_img 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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Tags: NULL whatsapp whatsapp Tuesday 30 November 2010 8:52 pm Google faces EU anti-trust investigation center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo KCS-content Show Comments ▼ Share THE EU has launched a formal investigation into Google after a series of anti-trust complaints. A number of competitors have complained that Google bumps them down its search rankings in order to maintain its market dominance. A German firm owned by arch rival Microsoft has also complained about Google’s advertising terms and conditions.Google denies any wrongdoing but says it will cooperate with investigators. It will be desperate to avoid a protracted EU investigation like the one which dogged Microsoft for over a decade and ended with it being fined £1.5bn.Google could be fined up to 10 per cent of its revenues if found guilty – around £1.55bn. A Google spokesman said: “There is always going to be room for improvement.“We built Google for users, not websites, and the nature of ranking is that some websites will be unhappy with where they rank.“Those sites have complained over the years, but in all cases there were compelling reasons why their sites were ranked poorly by our algorithms.” last_img read more

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CITY VIEWS: IS BORIS JOHNSON HANDLING THE SNOW SITUATION WELL?

first_img whatsapp KCS-content whatsapp CARLOS MICHEL | CUNNINGHAM LINDSEY“I don’t know what he could do personally to add to the response. The fact that he’s in Zurich probably has little to do with London’s response. In fact, the potential benefits of hosting a World Cup far outweigh any costs.”ELISE KATILOV | RK HARRISON“I live in Ealing [West London], and I don’t drive or cycle. I think Boris has a good response system, and I don’t mind that he is in Zurich. Britain hosting the World Cup would be pretty cool, actually.”TONY LANCASTER | JUBILEE MANAGEMENT AGENCY“I think he’s been doing his best, really. It certainly hasn’t been easy, given all of the snow out there. The disappointing thing is that rail services have shut down, keeping people home.” Tags: NULL CITY VIEWS: IS BORIS JOHNSON HANDLING THE SNOW SITUATION WELL? Show Comments ▼ Thursday 2 December 2010 8:41 pm 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 Sharelast_img read more

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Production wages edge upwards

first_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Share KCS-content Wednesday 15 December 2010 8:29 pm whatsapp Signs of pay rises in the manufacturing sector are starting to emerge, according to business group EEF. The average pay settlement crept up to two per cent from 1.8 per cent for the three months to October, it said. Only 23 per cent of the surveyed settlements ended in a pay freeze, and none resulted in less pay. whatsapp Show Comments ▼ Production wages edge upwards Tags: NULLlast_img read more

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BEST OF THE BROKERS

first_img whatsapp Wednesday 12 January 2011 7:09 pm 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 BEST OF THE BROKERS Share whatsapp BRITISH AIRWAYSCiti rates the airline a “buy” with a target price of £3.75, but marks it high risk ahead of the launch of its new post-merger holding company, International Consolidated Airlines Group, on 24 January. The broker says BA’s risks look manageable, while cost synergies and growing demand for first class travel will benefit the group.MITIERBS reiterates its “buy” rating on the outsourcer with the view it will deliver double digit organic sales growth again this year. The company is pursuing European expansion plans more aggressively now, and a recent contract win supports views that it can secure more deals in coming months. RBS’s target price is set at £2.70.DIAGEOS&P Equity Research rates the drinks maker “buy” and has upped its target price to £13.50 from £12.10 on expectations of good first-half results out next month and more sales growth over the coming half. First-half forecasts – to January 2011 – are for 5.6 per cent EBIT growth and 2.6 per cent organic revenue growth. whatsapp KCS-content BRITISH AIRWAYSCiti rates the airline a “buy” with a target price of £3.75, but marks it high risk ahead of the launch of its new post-merger holding company, International Consolidated Airlines Group, on 24 January. The broker says BA’s risks look manageable, while cost synergies and growing demand for first class travel will benefit the group.MITIERBS reiterates its “buy” rating on the outsourcer with the view it will deliver double digit organic sales growth again this year. The company is pursuing European expansion plans more aggressively now, and a recent contract win supports views that it can secure more deals in coming months. RBS’s target price is set at £2.70.DIAGEOS&P Equity Research rates the drinks maker “buy” and has upped its target price to £13.50 from £12.10 on expectations of good first-half results out next month and more sales growth over the coming half. First-half forecasts – to January 2011 – are for 5.6 per cent EBIT growth and 2.6 per cent organic revenue growth. Tags: NULL,Wednesday 12 January 2011 7:09 pm Show Comments ▼ BEST OF THE BROKERS whatsapp Sharelast_img read more

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US hedgies hit in insider case

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 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut Share whatsapp TWO hedge fund managers were arrested on insider trading charges yesterday, while another portfolio manager and an analyst agreed to plead guilty in connection with the probe, the latest development in a broad investigation of hedge funds’ trading activities.The charges were announced by federal prosecutors, who are investigating the ties between hedge funds and consultants for so-called expert networking firms that are accused of improperly leaking confidential corporate information to investors.The latest charges involve a portfolio manager and an analyst who both once worked for hedge fund titan SAC Capital Advisors. SAC itself has not been charged with any wrongdoing.Yesterday’s charges mark the expansion of the probe beyond expert networking firm consultants and employees to hedge fund employees who allegedly were recipients of secret tips on technology stocks. Expert networking firms match industry consultants to hedge funds seeking background on certain sectors. Hedge fund managers Sam Barai, head of Barai Capital Management, and Donald Longueuil, who previously worked for SAC and later for a fund not identified in court documents, were arrested, authorities said. The other defendants, who have reached plea deals according to court documents, are portfolio manager Noah Freeman, a former analyst at hedge fund Sonar Capital in Boston and later a portfolio manager at SAC Capital, and Jason Pflaum, an analyst who worked with Barai.Barai, a former hedge fund managing director at Citigroup’s Tribeca Global Management, launched Barai Capital Management in 2008. The fund, which focuses on technology and media companies, is in the process of closing. whatsapp US hedgies hit in insider case Tuesday 8 February 2011 9:04 pmcenter_img 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 PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoamautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com KCS-content Show Comments ▼ Tags: NULLlast_img read more

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Share issue nets London fire engine owner £16m

first_img Tags: NULL Share issue nets London fire engine owner £16m whatsapp Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo whatsapp Thursday 3 March 2011 7:20 pmcenter_img KCS-content THE OWNER of London’s fire engines, AssetCo, has successfully raised £16m through a new share placement in order to tackle its debt problems.The outsourcing firm, which maintains the capital’s fire engines, was facing serious financial problems and a High Court winding-up petition.However, the new placement of 160m ordinary shares, underwritten by Arden Partners, will cut its bank debts to about £3.9m by the end of this year.The issuance leaves shares in the firm massively diluted, with shares closing down at 12p yesterday.The chairman, chief executive and finance director will now be changed.Arden analyst Geoff Allum said: “There are no problems with the operation of this company, the problem has been with financial management of its balance sheets. The share price is going to shoot up now, if it doesn’t recover pretty rapidly there are bidders out there and they wont go away.” Show Comments ▼ 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 last_img read more

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