Private equity job for Davies

first_img whatsapp 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot whatsapp Private equity job for Davies Wednesday 11 August 2010 8:50 pm Share Former government minister and past chairman of Standard Chartered Mervyn Davies has joined private equity firm Corsair Capital, boosting the specialist financial services investor’s senior management team.Lord Davies joins Corsair, which spun out of JPMorgan Chase in 2006, as vice chairman and partner, based in London.He most recently served as minister of state for trade, investment and small business under Gordon Brown’s Labour government, a post he took up after leaving Standard Chartered in 2008.The move sees Welshman Davies return to the buyout firm in a full-time deal making capacity. He previously served as a member of its advisory board during his time as Standard Chartered chairman. He also served as a senior executive of Wall Street giant Citigroup earlier in his career.Corsair counts Standard Chartered’s Americas chief executive, David Stileman, and Resolution chief executive John Tiner – former head of City watchdog the Financial Services Authority – among its advisory board members.The firm’s investments include California’s East West Bank and Polish insurer PZU. Show Comments ▼ Tags: NULLlast_img

BP oil spill bill hits £5.2bn

first_imgFriday 3 September 2010 3:01 am whatsapp BP oil spill bill hits £5.2bn John Dunne BP has said that it has so far clocked up a £5.2bn bill for the Gulf of Mexico oil spill disaster. An estimated 265,000 barrels of oil have been collected from the water, the company said. Meanwhile 28,400 personnel, more than 4,050 vessels, and dozens of aircraft are still working on the spill clean-up.The disaster was triggered after an explosion at the oil giant’s Deepwater Horizon project in April, which claimed 11 lives. 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULL Show Comments ▼ whatsapp Sharelast_img

General Motors secures deal to repay $2.1bn to US government

first_img Show Comments ▼ Share Thursday 28 October 2010 7:36 pm KCS-content GENERAL Motors said yesterday it had reached a deal with banks for a $5bn (£3.1bn) credit facility and would repay $2.1bn to US taxpayers by buying back preferred shares after its IPO.The announcement of the steps intended to strengthen GM’s balance sheet come just days before bankers are expected to begin a road show for potential investors in the initial public offering of the top US automaker.The moves, which will save GM an estimated $500m in annual interest costs, moved the automaker a step closer toward a full payback to US taxpayers and marked the most significant action the company has taken since Dan Akerson became CEO in September. GM was restructured in 2009 with $49.5bn in funding from the US Treasury. General Motors secures deal to repay $2.1bn to US government whatsappcenter_img 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 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.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Tags: NULL More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orglast_img

Reckitt Benckiser profit beats forecasts

first_img whatsapp John Dunne by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity 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.com 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.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Reckitt Benckiser profit beats forecasts Reckitt Benckiser beat City forecasts with an 18 per cent rise in third-quarter profits.The increase follows its takeover of Durex condom maker SSL.The consumer goods company, whose brands include Cillit Bang-to-Nurofen, is expecting the acquisition to fuel s sdale surge.Chief executive Bart Becht said: “For the business ex-RBP (pharmaceuticals), there is no change to our previously communicated full year targets.” center_img Show Comments ▼ whatsapp Share Tags: NULL Tuesday 2 November 2010 5:09 amlast_img

US could add to EU fund

first_img More From Our Partners Killer 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Show Comments ▼ US could add to EU fund whatsapp Tags: NULL Wednesday 1 December 2010 9:28 pm US stocks leapt yesterday on news that America could be ready to support the extension of the European Financial Stability fund by providing extra money to the International Monetary Fund (IMF)The Dow Jones Industrial Average surged 249 points, or 2.27 per cent, to close at 11,255, while the Standard & Poor’s 500-stock index gained 25 points to 1,206, and the Nasdaq Composite added 55 points, or 2.05 per cent, to 2,549. A US official confirmed there had been talks with the European Commission about possibly enlarging the €750bn (£630bn) EU IMF stability fund adding that although it was a decision for Europe the US would support using the IMF in such circumstances. The remarks came before a visit to Europe this week by a US Treasury envoy who is expected to visit Berlin, Madrid and Paris to hold talks about the debt crisis. The IMF has committed €250bn to the fund already. KCS-content whatsapp Sharelast_img

Pension firms are not completely trusted

first_img Tuesday 7 December 2010 8:13 pm whatsapp Share Pension firms are not completely trusted More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.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.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.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com IN the latest YouGov SixthSense Pensions Report, two-thirds of YouGov respondents say they “do not have complete trust in pensions companies”. Meanwhile, of the companies mentioned in the survey, Scottish Widows were the most highly regarded – one in four respondents who know of the company ranked it as their number one pensions provider, leaving the likes of Aviva (19 per cent) and Prudential (16 per cent) trailing.When considering state pensions, the picture is markedly different. Only nine per cent of respondents agreed that “the state retirement pension is a luxury we can no longer afford”. Respondents were also asked whether or not they agreed with the statement: “Pension credits reward people who are not bothered to save”. The number of those who agreed was markedly skewed towards those in the more affluent social grouping (ABC1). Thirty-eight per cent of the better off are wary of the current system of awarding pensions; only 29 per cent of C2DEs found reason to suspect pension credits go to undeserving spendthrifts.In the same report, aspects of the current system are deemed inequitable. The fact that those in the 40 per cent tax bracket benefit proportionally more from the tax relief on their private pension contributions than those in the 20 per cent bracket is widely derided; two thirds of respondents said that this “discrimination in favour of the better off” is unfair.Despite apparent discord in some areas of the pension debate, there are topics that draw similar opinions from across the societal divide. Fifty-two per cent of YouGov respondents (with ABC1s and C2DEs recording equal levels of support) agree that pensions based on individual contributions are unfair to those who are not earning because they are caring for children, the elderly and/or the disabled.Stephan Shakespeare is founder and chief executive of YouGov. KCS-content Show Comments ▼ whatsapp Tags: NULLlast_img

Rio Tinto and Ivanhoe in deal

first_img ANGLO-AUSTRALIAN miner Rio Tinto and Canada’s Ivanhoe Mines said yesterday they had reached agreement on the joint development of the Oyu Tolgoi copper and gold project in Mongolia.The agreement ends a dispute between the two companies dating back to 2006 and will also see Rio Tinto increasing its stake in Ivanhoe to 49 per cent by January 2012.Rio Tinto is now set to assume direct managment of the Oyu Tolgoi project. KCS-content whatsapp Rio Tinto and Ivanhoe in deal Share Wednesday 8 December 2010 8:55 pmcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity 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 Herald Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga 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 Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Show Comments ▼ whatsapp Tags: NULLlast_img

Saudis keen to hold oil at $70

first_img Saudis keen to hold oil at $70 KCS-content whatsapp Share whatsapp Sunday 12 December 2010 10:35 pm More From Our Partners Brave 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Show Comments ▼ LEADING Opec producer Saudi Arabia said this weekend it still favoured a $70 (£44.27) to $80 price range for oil, extending a two year policy of price control. The statement by Saudi Oil minister Ali al-Naimi at an Opec meeting on Saturday will come as a relief to consumer nations in the West, worried that rising oil prices could get out of control and hurt the global economic recovery. His comments came as Opec agreed to keep production restraints unchanged, despite a recent surge in crude prices to $90 a barrel. Tags: NULLlast_img

International Monetary Fund visit to Spain sparks fresh finance fears

first_img whatsapp Show Comments ▼ International Monetary Fund visit to Spain sparks fresh finance fears whatsapp KCS-content Tags: NULL A MISSION from the International Monetary Fund (IMF) will visit Spain today to carry out a routine study of the country’s financial system, as part of an annual global report, a government official said yesterday.Concerns over Spanish banks’ exposure to the collapsed property market remain acute and are major reasons behind market distrust of Spain and other poorly performing countries on the fringes of the Eurozone.But the Economy Ministry said there was nothing out of the ordinary about the IMF visit.“It’s an ordinary visit carried out by the IMF as part of its global financial stability report, the same kind as it as carried out in other countries,” a ministry spokeswoman said.The mission will visit the Economy Ministry, Bank of Spain and major banks, newspaper El Mundo said.The newspaper added that once the evaluation is concluded, the IMF may offer Spain a flexible line of credit, an instrument offered to Mexico, Poland and Colombia in the past.Unlike a bailout, a flexible line of credit is a deposit that can be used by countries experiencing temporary financing problems.The Prime Minister’s office declined to comment. The Bank of Spain was not immediately available for comment. Last year IMF head Dominique Strauss-Kahn said he believed Spain was taking the right measures for economic stability. More From Our Partners Supermodel 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.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Sunday 16 January 2011 9:52 pm Sharelast_img

BG shares hit record high on growth forecasts

first_img whatsapp Show Comments ▼ Energy giant BG Group has beat forecasts with a 13 per cent rise in its fourth-quarter profit and said Brazil and US resources would raise its future production further.Earnings of $1.06bn (£657m) in the final three months of last year were boosted by higher natural gas prices and surpassed the $931m it made in the same period of 2009. Analysts had on average expected a result of $924m, according to a company-supplied poll of 14 banks and brokerages.BG’s share price rose as high as 1,485 pence, beating a previous peak of 1,484p set last week.BG, which said it was on track to grow its exploration and production business by seven per cent a year, also almost doubled its five-year production forecast from US shale gas and lifted estimates for production from Brazil in 2020 by 37.5 per cent.“BG’s strategy update reinforces our ‘growth leader’ thesis,” said Bernstein Research analyst Oswald Clint, referring to the company’s longer-term outlook on production.Some analysts have argued that BG’s share price does not reflect the company’s substantial resources in Brazil and have suggested the company might consider a partial flotation or sale of its assets there, an option Chief Executive Frank Chapman did not rule out.“If, in the fullness of time, that value isn’t recognised of course we’ll consider other options but for the moment the market is starting to turn its attention clearly on what we are doing,” he told reporters at a company presentation.BG said its organic reserve replacement ratio was 229 per cent, 100 per cent being the level at which production is matched by new reserves, a result which analysts at JP Morgan called “exceptional”.The company also sold gas to the international and British markets for prices which were 22 per cent and 18 per cent higher, offsetting a two per cent dip in production. 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 Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndo Tuesday 8 February 2011 11:32 amcenter_img BG shares hit record high on growth forecasts alison.lock Share whatsapp Tags: NULLlast_img