China investors to snap up AIA stake

first_img A CONSORTIUM of Chinese financial services companies are eyeing a 30 per cent stake in AIA, the Asian arm of US insurance giant AIG, ahead of its planned listing on the Hong Kong stock exchange later this year.The consortium – thought to include Industrial and Commercial Bank of China (ICBC), the China Life insurance company, China Cinda Asset Management, Fosun Group and Hony Capital – would have to stump up around $10bn (£6.4bn) for the stake, based on AIA’s estimated $30bn value.The plans come just months after UK insurance group Prudential’s high-profile $35.5bn bid for AIA collapsed in tatters.Bailed-out AIG is planning to list AIA in Kong Kong later this year, in a move which is expected to raise about $15bn. It is thought to have lined up Citigroup, Deutsche Bank, Goldman Sachs and Morgan Stanley as joint global coordinators for the IPO.The firm is understood to have been actively seeking pre-IPO investments from Chinese investors as a security net for the offer, making it easy for AIG and its advisers to get the rest of the shares away to traditional institutions and mutual funds.AIA just last month announced the shock appointment of the former head of Prudential, Mark Tucker, as its new chief executive, tasked with overseeing the upcoming listing.Tucker, 53, was a major player in the growth of Prudential’s Asian business. He held the chief executive’s position from 2005 until he quit in 2009. China investors to snap up AIA stake KCS-content whatsapp Show Comments ▼ 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 center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Monday 16 August 2010 7:55 pm whatsapp Share Tags: NULLlast_img read more

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The Co-op boss who is on a mission to rejuvenate an iconic organisation

first_img The Co-op boss who is on a mission to rejuvenate an iconic organisation Share 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 ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity 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.com Tags: NULL IT IS EASY to see why Co-operative Group chief executive Peter Marks is so excited about the new £180m head office that will open on a 20-acre site in the centre of Manchester in 2012.The current 1960s 13-storey building across the road seems to be made almost entirely of linoleum and plywood. I have never seen the HQ of Bulgaria’s Ministry of Fisheries, but you get an uneasy feeling that the Co-op’s current head office was modelled on it.But there is nothing sleepy about the trim and talkative Marks; as we chat, he is standing in his large 12-floor office, pointing to a picture of the new sleek glass and steel head office.“That new building is an indication to our staff and everyone else of the way we are refreshing this iconic brand,” he says.The Co-op boss sees this as a fitting home for a diverse, retailing-led business that two years ago bought Somerfield for £1.6bn, making it the fifth largest supermarket chain in the country, and last year took over Britannia building society, boosting its financial services business.Marks’ staff also deserve a mention. I met five people on the way up to meet the chief executive, and all of them were among the most helpful in any corporate head office I have ever visited. They all seemed acutely aware of the special place the Co-op holds in British Society.The Co-op is the largest mutual business in the country, with 5.5m members, who receive a cash payment or dividend based on the points they earn when they trade at any of the group’s businesses. In addition to its 3,000 supermarkets, the group includes among its units the country’s biggest farmer (tending 65,000 acres), the UK’s third largest pharmacist, and Europe’s biggest funeral service provider. If the firm, which employs 120,000 staff, were a plc, it would fit in the FTSE 30. The business, which began trading in 1840, still has a political wing, which backs Labour MPs. The group’s half-year results last month showed impressive growth, considering most of its units are consumer facing. Its profits before payments to members, equivalent to a plc’s pre-tax profit, rose from £221m to £260m, after exceptional items such as store sales. Revenue rose eight per cent to £6.9bn. The underlying trading profit at its supermarkets – which account for 60 per cent of the group’s sales ahead of its financial services and chemists – was up 12.6 per cent at £169.7m.Marks says food, financial services, funerals and its pharmacy units “have all done well” during the last six months and, indeed throughout the recession. He says this is because these divisions do not have such a “volatile reaction to the business cycle.” Even its supermarket’s premium Truly Irresistible range is growing “because people are staying in more, but still want to treat themselves.”TOUGH TIMES AHEAD FOR THE CONSUMERBut Marks is in no doubt that the UK consumer is in for a tough year ahead. He says: “We are coming out of recession. And we expect to see very little growth in the economy. Consumers are about to be hit by a barrage of austerity measures as the government starts to cut back on spending. These challenges will have a dampening effect on consumer spending.”At the end of this year the supermarket will complete a £2.5bn three-year integration and modernisation programme that has unavoidably interrupted trading.Marks says: “We have been modernising stores at the rate of 24 a week. And that has had an impact. You have to close stores down for a few days and that causes disruption.”In food stores that were modernised, half year sales are down one per cent; in stores that traded normally, sales rose 2.5 per cent.Many critics say the Co-op food estate was due for investment and was falling behind bigger players such as Tesco and Sainsbury’s.Marks agrees: “Three or four years ago, we were not great, we were declining. The stores were tired and needed investment. I believe that has changed. Our stores are now as good as anyone’s, if not better.”Co-op has also benefitted from having the right kind of stores. Its supermarket estate is in the main made up of city centre convenience stores of between 2,000 sq ft and 20,000 sq ft, rather than the 50,000 sq ft to 70,000 sq ft superstores its larger rivals have traditionally relied on. However, in the last few years it is the convenience store segment that has shown the fastest growth. Tesco has opened 1,130 Express convenience units, while Sainsbury’s has opened several hundred Local stores in a bid to close the gap.But Marks remains bullish. He says: “We are not worried about that. We have a lot of reach and experience in this market.”Marks’ second large integration project is merging Britannia – and its large mortgage base – with his well-regarded Co-operative bank. He is in the first year of a three-year programme here.He says: “Our aim is to be the most admired financial services brand in the business. We stand for prudence and old-fashioned banking. We were one of the few banks that didn’t have to go to the government cap in hand to ask for a bailout.”Marks adds: “We don’t rely on wholesale banking to support our lending. In the main those funds come from our deposits.”The Co-op boss says his bank can’t be accused of not lending to small businesses: its annual lending in this area over the last three years has risen from £600m to £1.2bn.The Co-op covers a wide range of services, but that does not necessarily mean Marks is constantly on the look out for new areas to push into. He says: “We never say ‘never’, but on the whole we are looking to focus on what we do well.”For instance he has no plans to get into online food shopping, preferring to “concentrate on upgrading our bricks and mortar.”LEGAL SERVICES EXPANSIONHowever, he is interested in selling basic legal services. He says: “We already draw up wills, probate and handle personal injury cases for our members. But we think next year there will be plans to deregulate the legal services industry so we can sell these services to anybody. These moves were started under the Labour government, but we understand the coalition plans to carry them out.”Marks is a Co-op lifer who has worked for the mutual for 43 years after leaving his Bradford grammar school, St Bede’s. He worked his way up through most divisions of the business, before becoming chief executive of United Co-operatives in 2002. He then became chief executive of the Co-operative Group after it merged with United Co-operatives in 2007.However, 19 other regional Co-ops remain outside his movement. Does he hope they will join the fold? He says: “Do I lay awake at night thinking about this? Not really. We are 90 per cent of the movement, and that gives us the economy of scale we need. That battle has been won.”Marks also has no plans to retire. He says: “There is a lot to do here. We are on a journey to reinvigorate this iconic brand. In two or three years we will have the business in the sort of shape that we want it. But then there will be other areas we will want to look at. “There are only two directions a business can travel – forward or backwards. It can’t stand still.”On that note, Marks politely indicates he has another appointment. He is a busy man, with a huge agenda; he is pitted against UK Plc’s most powerful quoted firms. If Marks pulls off his plans, he will have proved that an oft-written off mutual business can triumph. It will be a fascinating tale.CV | PETER MARKSAge: 60Work: 1967 to 2002 – joined Yorkshire Co-op as a management trainee in the food division, going on to manage various divisions; 2002-2007: chief executive of United Co-operatives (following the merger of United Norwest and Yorkshire Co-operatives); 2007-present – chief executive of Co-operative Group (after its merger with United Co-operatives) Education: St Bede’s Grammar, BradfordFamily: Married, with two daughtersLives: Bingley, West YorkshireHobbies: Plays drums once a month in a pub rock band – Last Orders whatsapp whatsapp Sunday 19 September 2010 9:42 pm Show Comments ▼ KCS-content last_img read more

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Unilever is hoping for a good hair day

first_img Unilever is hoping for a good hair day More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.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.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.com whatsapp The acquisition of the firm behind household names such as V05 and TRESemme marks the single biggest Unilever acquisition in almost a decade.The new brands will complement Unilever’s existing portfolio, which includes Dove, Clear and Sunsilk in hair care, and Vaseline in skincare. It will also enhance Unilever’s presence in key emerging markets such as Mexico.Moreover, the deal will bolster Unilever’s flagging hair care sales in its core US market. In the last year Alberto Culver generated sales of $1.6bn and earnings of $250m.It is also likely to herald as-yet unspecified cost savings. Execution Noble called the deal “more evidence of a strategically and financially sound re-investment philosophy at Unilever” and Charles Stanley reiterated its “accumulate” recommendation in the wake of the news.The acquisition follows a yet-to-be completed deal to buy Sara Lee’s body care division for $1.3bn. The firm’s largest value acquisition was the massive $20.3bn acquisition of Bestfoods in 2000. Chief executive Paul Polman said: “Personal care is a strategic category for Unilever and growing rapidly. “Ten years ago it represented 20 per cent of our turnover; strong organic growth has driven it to now reach over 30 per cent, with strong positions in many of the emerging markets.”Unilever shares closed up 1.28 per cent on the back of the news yesterday. Monday 27 September 2010 8:42 pm KCS-content Show Comments ▼ whatsapp Share Unilever yesterday announced it will buy US hair and skin care specialist Alberto Culver in a deal worth $3.7bn (£2.34bn). Tags: NULLlast_img read more

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M&S sales up – but warns over tough times ahead

first_img Show Comments ▼ Marks & Spencer has seen total group sales rise in the UK by 6.5 per cent in the second quarter but warned that trading in the coming months will get tougher.Clothing rose by 7.8 per cent while homeware surged by 9.36 per cent in the 13 weeks to 2 October.Marks & Spencer food sales went up by five per cent.Chief executive Mark Bolland said: “Marks & Spencer has had a good second quarter, growing market share across all parts of the business. Customers are returning to quality. In Food they are responding well to our better value and innovation, and in Clothing are increasingly choosing M&S’s great fashions and quality that lasts.” Meanwhile the company said in a statement: “Trading conditions ahead are likely to become more challenging. Consumers’ disposable incomes will come under greater pressure from increased VAT rates and public spending cuts. ‘We are facing increased commodity prices and significantly tougher comparatives in the second half. As a result we remain cautious about the outlook for the remainder of this year and next.” John Dunne M&S sales up – but warns over tough times ahead Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’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 Wrap whatsapp center_img whatsapp Share 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 PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Tags: NULL Thursday 7 October 2010 2:58 amlast_img read more

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Aim needs UK companies to aid recovery

first_img Aim needs UK companies to aid recovery More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com KCS-content whatsapp Tags: NULL THE ALTERNATIVE Investment Market (Aim) is showing signs of a revival, but the junior market needs to attract more UK-based firms to support this return to growth, according to research out today. The market has raised £2.8bn in the first eight months of 2010, said business advisory firm PricewaterhouseCoopers (PwC) in a report released today, though the number of firms incorporated in the UK is now below 1,000 for the first time since 2004. Fewer than 100 companies have joined the market so far this year, down from a peak of 500 in 2005. However, PwC claimed these drops are signs of a new vigilance in the market, which has prevented unsuitable companies from listing. “The big test of this prudent resolve and with it Aim’s credibility will come when growth begins to accelerate again,’ said Simon O’Brien, a partner at PwC. Around one in six newly-listed business are from overseas, compared to around a third before the downturn. “[What] is clear is that Aim can no longer rely on an international presence to drive it forward and will therefore need to renew its domestic focus,” said David Snell, Aim market leader at PwC. Aim, which has raised £70bn in the fifteen years since it began, has outperformed the FTSE index this year, in part due to a return from a starker drop during the recession. Aim All-Share has gained 22 per cent in the year to 30 September, compared to a 11 per cent rise in the FTSE All-Share. Trades in the year to September were worth £21.68bn, according to figures from by the London Stock Exchange, suggesting trading value is on course to match 2009’s level of £33bn. However, trading volumes are set to fall below 2009’s record high, when 205.7bn shares changed hands. PwC also claimed that Aim’s low liquidity still means investors are more likely to gain through a takeover than share price movements. IN THE 12 MONTHS TO 30 SEPTEMBER 2010: |AIM 100 rose by 21%AIM All Share rose by 22%FTSE Small Cap rose by 4%FTSE All Share rose by 11% Sunday 17 October 2010 10:59 pmcenter_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldFamilyMindedThe Most Common Astrology Questions People AskFamilyMindedOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressStadium TalkBest Basketball Player Ever From Every StateStadium Talk Show Comments ▼ whatsapp last_img read more

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CITY VIEWS: HAS THE CHANCELLOR GOT THE COMPREHENSIVE SPENDING REVIEW RIGHT?

first_imgWednesday 20 October 2010 7:30 pm AARON CUTMORE | TQ SERVICES“I think people have got to learn they can’t have what they want when they want it. People got used to just getting things on credit. We had none of these problems in the past.”SEAN DOBBIE | HISCOX“We know work needs to be done to sort out the finances and everybody needs to do their bit, but I don’t think the government has thoughtthis through properly.”FIONA PAULI | FREELANCE DESIGNER“We don’t really have a choice. We do need to save more as a society, but I don’t think the retirement age should go up and I don’t think benefits should be cut.” Tags: NULL CITY VIEWS: HAS THE CHANCELLOR GOT THE COMPREHENSIVE SPENDING REVIEW RIGHT? whatsapp Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap center_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 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 Share KCS-content Show Comments ▼last_img read more

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RBS hires £2m legal win banker

first_imgSunday 31 October 2010 11:43 pm KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe 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 ROYAL Bank of Scotland (RBS) has hired the former Dresdner Kleinwort banker who became a controversial City figurehead after suing his employer for refusing to pay him a bonus.John McIntyre, who won close to £2m after taking his fight to the courts, will join RBS as head of corporate finance for Europe, Africa and the Middle East.He is lauded by some in the City after fighting for his pay despite the political and social backlash against bankers’ remuneration.The appointment will be seen as a signal of intent from the lender as it prepares to meet with the Treasury and UK Financial Investments – the body which controls the public’s 84 per cent stake – to thrash out a deal on how much it can pay top earners.RBS faced criticism last year when it announced it would pay £1.3bn in bonuses in order to hang on to its top bankers. This figure is likely to rise as the bank attempts to rebuild the division and ward off rivals hoping to poach its top talent.An RBS spokesman declined to comment last night. whatsappcenter_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Share RBS hires £2m legal win banker Show Comments ▼last_img read more

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Rolls-Royce is so reluctant to put its case …

first_img Show Comments ▼ Tags: NULL KCS-content whatsapp Monday 8 November 2010 8:45 pm Share whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndo Rolls-Royce is so reluctant to put its case … Scanning articles from CityA.M., the FT, the Wall Street Journal, BBC.co.uk and The Guardian written on 5 November about the emergency landing of the Qantas Airbus 380, I read quotes from the following:– Qantas– Assorted passengers– The Australian Transport Safety Bureau– An analyst with BGC Partners– A supplier to Rolls Royce– An analyst from Agency Partners– A professor at Cass Business School– The head of research at HB MarketsEach of these disparate commentators gives their view of the incident with many speculating on the cause and providing insight into its implications for the engine manufacturer.No Rolls Royce spokesperson is quoted directly in any of them.Instead the BBC says that the company is “checking all the 380s in service”, CityA.M. says that the company is working with investigators, the FT reports that Rolls Royce “has no immediate comment” and instead quotes a “source close to the company” who says “Rolls Royce has been informed and will investigate as quickly as it can”. Click on to Rolls Royce’s website and you find a clinical 129 word statement which also fails to shed any further light on the situation. Is this really the best way to protect a global reputation which is under serious attack (and a share price which is down around 10 per cent in two days)? Surely not. Whilst Rolls Royce – the organisation most directly affected by last week’s incident – has sat tight-lipped on the sidelines, pretty much everyone else has filled the information vacuum with their views, most of them unhelpful to Rolls. Contrast this with Qantas whose chief executive Alan Joyce began communicating almost immediately and taking decisive action by grounding the A380s pending an investigation. His words and actions will, I believe, protect Qantas from any reputational damage – he may even succeed in enhancing the airline’s long term reputation.Meanwhile, the Rolls Royce communication strategy of non-engagement – with no director available to take questions or to explain things from the company’s point of view – leaves its reputation bobbing along on an ocean of uncertainty driven by the unpredictable currents of events and third party comment. It’s not a strategy that I would recommend. Jonathan Hemus is a director of Insignia Communications and this article appears on the marketing industry web-site drum.co.uk… And how BP and Toyota miscommunicated their crisesWITH 11 men dead, a monumental environmental disaster, and the most powerful man in the world on your back, it is hard to imagine how poor communications could have made such a situation worse, writes Jonathan Hemus. But BP managed it. With a spoof twitter feed satirising the crisis, the real BP took more than a week to issue its first tweet. Then chief executive Tony Hayward waded in with his gaffe about wanting his life back and the rest his history.When the car giant Toyota was hit by its sticking accelerator problems, it seemed slow to react, mirroring the actions of other corporations which have gone into denial when unpleasant news surfaces; indeed Toyota’s behaviour epitomised a Japanese saying that goes: “If it stinks, then put a lid on it.” Toyota allowed a crisis to emerge and then responded too slowly to effectively manage it. last_img read more

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Bloomberg asks Foster to design its new London HQ at Walbrook Square

first_img Share Tags: NULL Show Comments ▼ BLOOMBERG, the financial media giant, yesterday said it had reached an agreement with Legal & General for the purchase of the Walbrook Square site to build a new European headquarters located in the heart of the City.Bloomberg will construct two new buildings, one that will contain in excess of 500,000 square feet and one speculative building. The site, which is 3.2 acres, will also include public spaces and retail units.The company said it had commissioned architect Norman Foster of Foster to prepare plans for the building, which are in the early stages of development.Foster said: “The project is an opportunity to create a bespoke, sustainable new headquarters building for Bloomberg, while at the same time creating an opportunity to improve the public realm in the very heart of the City of London.Bloomberg’s current London headquarters in Finsbury Square has served as the company’s hub for Europe since 1987. “Walbrook Square is one of the prime locations in London,” said Daniel Doctoroff, president of Bloomberg “Our commitment to excellence in design will ensure that we create something exciting and yet respectful – especially given the site’s proximity to the Bank of England, St. Paul’s and Mansion House, among other London landmarks.” whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmcenter_img KCS-content Monday 6 December 2010 8:26 pm Bloomberg asks Foster to design its new London HQ at Walbrook Square whatsapp More From Our Partners Police 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orglast_img read more

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Morale disappearing in Japan

first_imgTuesday 7 December 2010 8:09 pm 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 whatsapp Share whatsapp Tags: NULL Confidence in Japanese manufacturing has hit a seven month low, falling to +7 in Reuters’ Tankan survey released yesterday. Confidence is expected to drop to zero in three months’ time. The country’s prospects will be clearer today after the publication of data on Japanese bank lending and machinery orders. Morale disappearing in Japan KCS-content Show Comments ▼last_img read more

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