Inflation may push rates up to 8 per cent

first_imgSunday 22 August 2010 10:40 pm Inflation may push rates up to 8 per cent 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal Pastcenter_img INFLATION could peak as high as 10 per cent in the next couple of years, a leading policy think tank has warned, forcing a crippling spike in interest rates up to around eight per cent.Andrew Lilico, the chief economist at the Policy Exchange think tank, believes that once the economic recovery kicks in properly in late 2011 and early 2012, rapid growth in the money supply will see inflation jump to levels not seen since the early 1990s.Lilico predicts that the consequent sharp rise in interest rates will send inflation even higher to around 10 per cent – and that a base rate of around eight per cent will be required to keep prices from spiralling even further out of control.“All of this is the optimistic case – what happens if the government gets policy right and its policies work,” the über-bearish economist added.Official figures from the Office for National Statistics are this week expected to confirm that the UK economy registered positive growth of around 1.1 per cent in the second quarter.However, Bank of England governor Mervyn King last week admitted that inflation is likely to stay above the two per cent target at least until the end of next year. Share KCS-content Show Comments ▼last_img read more

Read More →

Chancellor rules out more help for banks

first_imgMonday 4 October 2010 3:45 am Chancellor rules out more help for banks whatsapp Show Comments ▼ John Dunne Tags: NULLcenter_img Chancellor George Osborne said o he was not expecting any bank to need any further government support.aked about a report by a thinktank, the New Economics Foundation, suggesting banks could ask the government for more help, he said: “I am certainly not expecting and I have no indication at all that any British bank needs any further support.“Those decisions were taken and the banking system in Britain is much more stable than for example the banking system in Ireland.” 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe 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.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapp More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Sharelast_img read more

Read More →

WHAT WILL THIS WEEK’S INFLATION REPORT SIGNIFY?

first_img Share KCS-content WHAT WILL THIS WEEK’S INFLATION REPORT SIGNIFY? 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 whatsapp PETER DIXON | COMMERZBANKIf the Bank’s growth forecasts are to be believed, the MPC ought logically to be more disposed towards the views of Andrew Sentance than Adam Posen, ie, raise interest rates.MICHAEL SAUNDERS | CITIGROUPNow that the policy rate is anchored close to zero, the release of the Inflation Report has become a key guide to the MPC’s future intentions on interest rates and QE.PHILIP SHAW | INVESTECIt seems likely that the Bank of England will signal that it remains relatively relaxed over medium-term inflation prospects, although a touch more confident about the economic outlook. Overall we judge that the MPC remains in wait and see mode. center_img Sunday 7 November 2010 8:07 pm Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite 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 Heraldmoneycougar.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 Farm Tags: NULLlast_img read more

Read More →

Better Capital promises more deals after a strong first year

first_imgMonday 29 November 2010 7:59 pm 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 TimesNoteabley25 Funny Notes Written By StrangersNoteableyHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald JON Moulton’s turnaround house Better Capital reported encouraging progress in its first interim results yesterday. Moulton, founder and managing partner, said they were “quite pleased with the progress to date.”It has committed £57.5m to four firms: Gardner, RD Precision, Reader’s Digest and Calyx. The portfolio generated a profit of £3.5m in the period.Analysts say the fund currently generates a 12 per cent premium compared to its net asset value. The fund, launched in November 2009 at 100p a share, raised more money in June at 110p a share, taking the total fund to £210m. “With the initial restructurings well under way and proceeding generally according to plan, coupled with the impressive early results of Gardner, progress so far is encouraging,” said Better Capital’s chairman Richard Crowder.Moulton said the fund, which takes majority stakes in distressed companies, was targeting “companies that have got the opportunity to do better, and need extra capital and a change in management to get there.”The fund should be substantially invested by the end of 2011, through between four and ten deals, Moulton said. KCS-content center_img Tags: NULL 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 Show Comments ▼ Share Better Capital promises more deals after a strong first year last_img read more

Read More →

Surge in German manufacturing

first_img More From Our Partners Connecticut man dies after crashing Harley into live bearnypost.comA 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.comAstounding 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.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‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com Show Comments ▼ KCS-content Wednesday 8 December 2010 8:17 pm German industrial production rose by 2.9 per cent in October, compared to the previous month, it was announced yesterday. German industry continues to thrive, with October’s figures showing a double digit increase – close to 12 per cent on the same time in 2009. The figures likely point to greater GDP growth in the fourth quarter than was seen in the third quarter, say economists. whatsapp Sharecenter_img Surge in German manufacturing whatsapp Tags: NULL 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 TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldlast_img read more

Read More →

London Capital Group figures up

first_img KCS-content London Capital Group figures up Tuesday 11 January 2011 7:26 pm London Capital Group (LCG) said yesterday its full-year profit before tax for 2010 is in line with market expectations. In a statement issued ahead of the publication of its results on 22 February, the financial services and online spread betting company revealed a 38 per cent increase in net revenue per active client, while the average number of UK spread betting trades per day climbed to 29,256 – a 22 per cent increase on 2009’s figures. Start-up costs meant the group’s new CFD divisions, LCG MetaTrader and Capital CFD’s, incurred net losses of £0.8m for the year. Show Comments ▼ Tags: NULL whatsappcenter_img Share 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 PastUndoSerendipity 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 HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo 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 whatsapplast_img read more

Read More →

Cameron says bank bonuses not a “done deal”

first_img whatsapp Tags: NULL John Dunne Cameron says bank bonuses not a “done deal” whatsapp Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPuffer fish snaps a selfie with lucky divernypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Prime Minister David Cameron said that he was still talking to banks about their bonuses and that big payouts at state-backed lenders were not a “done deal.”Asked about reports of a £2.5m payout for Royal Bank of Scotland chief executive Stephen Hester, Cameron said: “It isn’t a done deal … You will have to wait and see.”The government is urging banks to curb bonus payments to quell public anger about harsh spending cuts imposed after the bailout of banks contributed to a record peacetime budget deficit.“We are having detailed discussions with Barclays with the other major clearing banks to try and get a settlement of this whole issue.“Let me tell you what I want. I want the bonus pools to be lower, I want the taxes that the banks pay to be higher and, vitally, I want the lending that they do to do business, particularly small business in our economy, to increase,” Cameron said.Cameron made a distinction on bonuses between those banks the government controlled or had a stake in, such as Lloyd’s Banking Group and RBS, and others such as Barclays which the government could do little to influence.“In a matter of weeks … you will be able to see both what is going to happen at, effectively, state-owned banks, where I absolutely believe they should not be the front-markers on bonus payments they will be the backmarkers,” Cameron said.He said those banks would be “limited” in what kind of bonuses they would be able to award. “We will want to agree with them on what is acceptable,” Cameron said, without explicitly saying the government would impose specific bonuses.Banks are expected to award £7bn of bonuses in coming weeks, stoking resentment among Britons facing pay freezes or below-inflation pay rises, and embarrassing the government as its austerity measures begin to take hold. Share Monday 17 January 2011 6:22 amlast_img read more

Read More →

Weale warns Bank of England’s forecasts are too optimistic

first_imgTuesday 29 March 2011 8:39 pm 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 PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Show Comments ▼ Share Weale warns Bank of England’s forecasts are too optimistic More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comcenter_img GIVEN its recent track record of missing the inflation target, the Bank of England should take inflation threats more seriously, Bank policymaker Martin Weale said yesterday. Weale defended his vote for increasing interest rates by 0.25 per cent. “Continuing above-target inflation could lead to inflationary expectations becoming entrenched,” Weale told a meeting in London. Weale added that he was pessimistic about the chances of inflation moderating as fast as the Bank forecasted in February. There is “real risk” inflation would rise towards five per cent from its current 28-month high of 4.4 per cent, Weale said.The dangers of overshooting the Bank’s two per cent target are more grave than the risks associated with inflation falling back below two per cent, Weale argued. whatsapp Tags: NULL KCS-content whatsapplast_img read more

Read More →

JAPAN AFTERSHOCKS PUT FOCUS ON TEPCO

first_img whatsapp JAPAN AFTERSHOCKS PUT FOCUS ON TEPCO Tags: NULL Show Comments ▼ 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com whatsapp Share Monday 11 April 2011 8:07 pm THE ONE month anniversary of the Japanese earthquake and tsunami was yesterday marked by powerful aftershocks, which briefly cut power to the stricken Fukushima nuclear power plants and 220,000 households. A magnitude 6.6 tremor in eastern Japan halted work at Fukushima, where engineers are still pumping water into three damaged reactors to stave off a fresh meltdown, and coincided with a new government warning to evacuate certain areas within 20km of the plant. Japan’s chief cabinet secretary Yukio Edano said children, pregnant women and people in hospitals should consider leaving the areas, but added that this was long-term advice and no immediate evacuation was necessary. Tokyo Electric Power, the operator of Fukushima, could face special losses of up to 2 trillion yen (£14.4bn) this year due to compensation claims and ongoing repair work, according to a research note put out by JP Morgan. Shares in Tepco have lost three-quarters of their value since the massive quake and tsunami on 11 March, amid complaints about the firm’s lack of communication on the scale of the disaster. JP Morgan said Tepco could face 554bn yen of extraordinary losses in the financial year ended last month for scrapping the crippled plant and bringing thermal power plants back on line.Analysts at the bank said the company could also face 2 trillion yen in damages claims from those affected by the Fukushima crisis, unless the government grants an exception to its liability. KCS-content last_img read more

Read More →

BEST OF THE BROKERS

first_img Tags: NULL More From Our Partners Native 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFinance Wealth PostKelly Clarkson Won’t Apologize For Her New FigureFinance Wealth PostAffluent TimesA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserAffluent TimesYahoo SearchSearch For Keto Diet Pills From Shark TankYahoo SearchDry Eyes | Search AdsTreatments for Dry Eyes You May Wish You Saw Years AgoDry Eyes | Search AdsCrowdy FanGroom’s Mother Shows Up To The Wedding Wearing ThisCrowdy FanCleverstTattoo Fails (:12 May Never Be Employed).CleverstWalk In Tubs | Search Ads2021 Walk In Bathtub Prices in ArizonaWalk In Tubs | Search AdsStunningTale.comTry Not to Laugh at These Camping PhotosStunningTale.comMisterStocksNancy Sinatra Is Almost 80, Try Not To Smile When You See Her NowMisterStocks BEST OF THE BROKERS whatsappcenter_img ASOSJP Morgan rates the online retailer “neutral” but has raised its target price from £13.20 to £19. The broker was pleasantly surprised by ASOS’s sale growth in the last three months of the financial year, which more than offset extra investment in promotional offers. JP Morgan thinks the rise in expenditure is already paying off in sales transactions, though a slowdown in international markets could give cause for concern down the line, it says. HIGHTEXNumis says the construction materials specialist’s problem has been that following three contract wins worth an aggregate €45.3m (£40.1m) in 2009, the firm has failed to clinch any major deals. However, it says that given the prospect for multiple contract wins, Hightex’s fortunes could still revive dramatically. Hightex’s pipeline of near term prospects, worth an aggregate €140m, justifies Numis’ renewed “buy” stance, it says.TESCOEvolution expects lacklustre results next week, with underlying UK like-for-likes expected to be negative in the second half. It says international performance is likely to have been better in Asia, as highlighted in December’s analyst trip, but more mixed in Europe, where Evo expects Ireland to have been particularly tough. Given Tesco’s reliance on a difficult UK market, the broker sees little room for positive surprise and rates the firm “sell”. Share Show Comments ▼ KCS-content Thursday 14 April 2011 7:33 pmlast_img read more

Read More →