Rio Tinto clears the way for $347m Iceland update

first_imgThursday 23 September 2010 7:51 pm RIO Tinto Alcan has finalised a deal with an Icelandic power firm to begin a $347m (£221m)?update of its aluminium smelter in the country. The London-listed miner has signed a contract with Landsvirkjun to allow it to use more power at the smelting site for the next 26 years, boosting capacity by 20 per cent to around 230,000 tonnes. “The $347m investment was facilitated by working together with local stakeholders to ensure the long-term sustainability of the smelter. This investment is great news for Rio Tinto Alcan and for Iceland,” said Jean-Philippe Puig, Rio’s president of metals in EMEA. KCS-content whatsapp whatsapp Share More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comcenter_img Rio Tinto clears the way for $347m Iceland update Tags: NULL 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 ScottsdaleMoneyPailWork from Home | Search AdWork From Home for a USA company Might Be More Fun Than You ThinkWork from Home | Search AdOceandrawRemember Him? Wait ‘Till You See Him NowOceandrawBig Data Courses | Search AdBig Data Online Courses Might Be Cheaper Than You ThinkBig Data Courses | Search AdDo It Houses[Pic] The Most Remarkable Dress Outfits EverDo It HousesHeywiseMost Adults Still Fail This 3rd Grade Test. Will You?Heywise Show Comments ▼last_img read more

State cuts to hit 50,000 firms

first_imgWednesday 13 October 2010 7:47 pm 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 StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Show Comments ▼ More than 100,000 companies in Britain are in financial distress, with a combined debt pile of £58bn, according to insolvency group Begbies Traynor. The company’s Red Flag Alert report on troubled companies said around 50,000 business are likely to be hit by the government’s looming spending cuts. The report said construction, IT, recruitment and advertising sectors were most vulnerable as the austerity measures start to bite. 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Share whatsappcenter_img whatsapp State cuts to hit 50,000 firms KCS-content Tags: NULLlast_img read more

Lloyds sees its recovery start to slow

first_img whatsapp LLOYDS Banking Group shares yesterday lost more momentum after a muted third-quarter interim statement which indicated that the group’s progress towards its objectives has slowed compared to the first half of the year.In an update notably thin on numerical detail, Lloyds said it delivered “good underlying income growth…[and] lower costs through continued strong integration delivery”. The group’s banking net interest margin, a key driver of its recovery, is expected to rise only “modestly” over the second half, Lloyds said, adding that it remains on track to deliver £1.3bn of cost savings from the integration of HBOS by the year end.Although impairments continued to decline over the third quarter, Lloyds said lower impairments in the wholesale division had been offset by higher charges in the wealth and international businesses – where continuing high levels of bad debts in the Irish business were compounded by weakness in Australia.Charles Stanley analyst Nic Clarke said: “We remain concerned about the negative impact that Ireland is having and despite good progress this year we believe the market still frets about the significant amount of wholesale funding that matures in the next couple of years and the potential impact that a weakening UK economy would have on Llloyds given its significant exposure to UK retail and commercial customers.”But Lloyds also issued positive guidance on its funding position, having hit its target of £25bn of full-year public term issuance by the end of September. The group issued a further £2.5bn in October, allowing it to accelerate repayment of its central bank funding facilities.Lloyds shares fell 3.18 per cent over the day to close at 67.39p.ODDS ON | THE CONTENDERS TO REPLACE ERIC DANIELSRICHARD MEDDINGSFINANCE DIRECTOR AT STANDARD CHARTEREDIN THE next few weeks, Lloyds is set to hold a “beauty parade” of headhunters clamouring to be the ones appointed to sniff out a worthy successor to chief executive Eric Daniels.In the month or so since Daniels tendered his resignation, several of the contenders originally mooted for the post have found other positions – notably Naguib Kheraj, the ex-boss of JP Morgan Cazenove, who has joined Lazard; and HSBC’s finance director Douglas Flint and investment banking head Stuart Gulliver, who, of course, are stepping up to become chairman and chief executive of the bank.That leaves the field a little more open for the rest, of which Standard Chartered finance director Richard Meddings is quickly becoming a firm favourite among punters (with odds of 7/4 quoted by Cantor Index).Nationwide chief executive Graham Beale, Royal Bank of Canada chief executive Gordon Nixon, former Barclays domestic banking head Fritz Seegers and Gail Kelly, chief executive of Westpac, are also favoured as outsiders, while Helen Weir, Lloyds’ executive director for retail, is regarded as the strongest candidate internally. Lloyds sees its recovery start to slow Show Comments ▼ Tuesday 2 November 2010 9:57 pm Tags: NULL whatsappcenter_img Share 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}MoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan 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 Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.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.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com KCS-content last_img read more

BEATLES EAT INTO APPLE CHART

first_imgTuesday 16 November 2010 7:56 pm BEATLES EAT INTO APPLE CHART KCS-content BEATLES albums yesterday flooded iTunes top 200 chart on their first day on sale. Analysts predict they could topple top selling albums by Michael Jackson and Black Eyed Peas. The release of the rights to iTunes after a lengthy legal wrangle is good news for Terra Firma boss Guy Hands, whose embattled music firm EMI holds the rights to Beatles recordings. 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 TimesBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutionmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Lifethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Health whatsapp Show Comments ▼center_img whatsapp Tags: NULL Share 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 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

Sberbank set for record year

first_imgMonday 6 December 2010 7:23 pm Show Comments ▼ Tags: NULL SBERBANK, Russia’s biggest lender, yesterday beat forecasts for third-quarter net profit, helped by a bigger loan portfolio and lower provisions, putting it on course for a record year.“We expect fourth-quarter results to be no worse than in the third quarter,” chief financial officer Anton Karamzin said on a conference call yesterday, adding full-year net profit was likely to be at least 150bn roubles (£3.06bn).State-controlled VTB last week posted 13.7bn roubles net profit for the third quarter, and said it was hoping to earn 50-60bn roubles for the full-year.“Sberbank’s results… beat market expectations thanks to significant growth in the loan portfolio,” Bank of Moscow analysts said in a research note after the bank released a ten-fold increase in profits.Sberbank chief executive German Gref said last week Sberbank could decide on whether to expand into investment banking early in 2011. Sources say that Sberbank has held informal talks with investment banks Troika Dialog and Renaissance Capital about buying a stake.The bank is eyeing some of the business enjoyed by its main rival VTB, which dominates the Moscow deal-making scene – working on almost all major IPOs and Russia’s $3bn Eurobond issue.Karamzin denied the bank had identified specific targets for a possible acquisition but VTB analyst Mikhail Shlemov said that funds for a deal could be found from a cut in bad loan provisions, likely to fall significantly in 2011.Sberbank’s loan portfolio grew by 7.7 per cent for the first nine months of 2010, the bank said. Corporate loans rose by 7.9 per cent while retail credits were up by seven per cent. whatsapp whatsapp Share KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 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 Sberbank set for record year last_img read more

Hoenig says the Fed’s policy on rates is wrong

first_img whatsapp Tags: NULL Share whatsapp Hoenig says the Fed’s policy on rates is wrong KCS-content Wednesday 5 January 2011 7:44 pmcenter_img THE Federal Reserve’s most vocal internal critic yesterday pushed back against the US central bank’s effort to control a sometimes-dissonant message, saying it is the duty of those who disagree to vote their conviction.Thomas Hoenig, president of the Kansas City Fed and a known inflation hawk, said the US economy is recovering remarkably well given the depth of the downturn, and repeated his view that the Fed’s loose monetary policy risks provoking bubbles or inflation in the future.The bank’s lone dissenter, who has repeatedly and openly opposed the Fed’s policy of ultra-low interest rates, not only stuck to his views but also took a jab at those at the Fed who are concerned about the divergence of view on policy. “The idea that a dissenting vote is confusing, counterproductive and generally undesirable is unhealthy,” Hoenig told The Central Exchange, a women’s business advocacy group. “If I had failed to express my views with my vote, I would have failed in my duty.”Minutes from the Fed’s December policy meeting, published on Tuesday, contained a nod to the internal effort, led by vice chair Janet Yellen, to review the central bank’s communications guidelines for policymakers. Hoenig, who retires in October and will no longer have a vote this year on the Federal Open Market Committee, expects the US economy to grow 3.5 to four per cent annually over the next two years. 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack 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 Prooflast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img Wm MorrisonThe supermarket giant has appointed Belinda Youngs to the role of own brand director, as part of four new additions to its senior management team. Youngs joins from Canadian food retailer Sobeys, where she was chief marketing officer, and is tasked with developing Morrisons’ own brand into a market leader. She is joined by Nick Collard as commercial director, ambient and frozen, Gordon Mowat as strategy director and Richard Lancaster as marketing director.MaxCap PartnersThe multi-family office partnership has expanded with the appointment of two new investment managers, Ittan Ali and the award-winning Michel Piette.The pair will be co-managing the investment team at the firm, with Piette primarily focusing on hedge funds and commodities while Ali will take greater responsibility for equities.MercerThe consulting firm has appointed Wolfgang Seidl as head of health management consulting for Europe, the Middle East and Africa, based in London. He will be responsible for developing the firm’s health management services and will advise companies on a range of health care issues. Seidl, a medical doctor, joins from Validium Group, an employee assistance programme provider.MarshAlan Morton has been appointed senior claims advocate of the insurer’s international devision. He will also become property claims practice group leader, UK and international. Morton, a claims professional with almost 30 years of experience joins from Aon Global Risk Consulting, where he was director and head of claims advocacy. He previously worked for JLT, where he was head of claims.Societe GeneraleThe bank has appointed Peter McGahan as global head of pan-European cash equity sales. He joins from Citigroup where he worked for the past 20 years in a number of roles. He will be responsible for strengthening the cash equity sales franchise in Europe, working from London. He replaces Anne Bellavoine, who is now client relationship manager for financial institutions within the bank’s investment banking division. Sunday 9 January 2011 10:45 pm whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack 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 Proof Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldcenter_img CITY MOVES | WHO’S SWITCHING JOBS whatsapp KCS-content Share Tags: NULLlast_img read more

Ferrovial returns to BAA talks

first_img Show Comments ▼ whatsapp Ferrovial returns to BAA talks Share whatsapp More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.org Tags: NULLcenter_img KCS-content 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 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 Thursday 13 January 2011 7:29 pm SPAIN’S Ferrovial is in talks with investors to sell 10 per cent of UK airport operator BAA, which runs London’s Heathrow, by June, its chief executive said, in a move to halve a €24.5bn (£20.5bn) debt pile.Ferrovial will seek offers for the stake, estimated last year to be worth about €200m, in the last week of January, with the aim of clinching a deal in the first half.“(Talks) are mainly with infrastructure funds, sovereign wealth funds and big investors like pension funds, mainly from the US and Britain,” chief executive Inigo Meiras said.Ferrovial owns 55.9 per cent of BAA, the operator of airports including Heathrow and Stansted. By dropping its holding below 50 per cent, the Spanish company will no longer need to consolidate BAA debt on its balance sheet.It sold 10 per cent of its lucrative Canadian 407 Express Toll Route to the Canadian Pension Plan Investment Board for C$894m (£573m) last year and Meiras said it wants to continue selling mature infrastructure assets in 2011.The BAA stake may prove trickier to sell after BAA said this week it expects to take a hit of around £24m to account for the costs of last month’s big freeze, which closed runways and dented passenger numbers in the week before Christmas.“Bad weather is part of systemic risk in the airport business and this has obviously been factored into our valuation of the stake,” Meiras said.Virgin Atlantic has threatened to take legal action against BAA over the closure of Heathrow last month and said it will withhold fees it pays to BAA until a probe into the disruption is complete. Meiras said no airline had yet withheld fees to BAA because of last month’s closures.The BAA sale plan dates back to October of last year when the company said it would go ahead some time in 2011. last_img read more

Directors face salary freeze

first_imgMonday 31 January 2011 9:22 pm Share Show Comments ▼ More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com whatsapp whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe 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 AthletesBetterBeUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndocenter_img Tags: NULL Directors face salary freeze CHAIRMEN and non-executive directors are facing a second year of frozen pay this year despite bearing bigger workloads and greater personal responsibility.Almost 80 per cent of chairmen believe they will receive no pay rise in 2011 – the second year without a rise for most, as 85 per cent received no increase in 2010, according to a new survey by remuneration consultancy MM&K and recruitment firm Russell Reynolds Associates, led by chief executive Matthew Wright.Board fees are expected to rise just over two per cent in 2011, but 65 per cent of non-execs believe they will see no fee rise this year and more than 80 per cent had fees frozen last year.Only FTSE 100 boards saw some benefit – on average, chairmen’s fees have risen seven per cent annually since 2005, and non-exec fees have increased by five per cent each year.Yet a raft of new corporate governance regulation including a revamped Combined Code, and an increased focus on board responsibility after the financial crisis, mean many feel more burdened by their work. And with many chairmen of listed companies earning just £1,500 per day, rising to £4,500 for FTSE 100 firms, their day rate looks cheap for the responsibility they bear. KCS-content last_img read more

CITY VIEWS: SHOULD LARGE COMPANIES BE LED BY ONE PERSON OR A BOARD OF DIRECTORS?

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp whatsapp Show Comments ▼ Tags: NULL CITY VIEWS: SHOULD LARGE COMPANIES BE LED BY ONE PERSON OR A BOARD OF DIRECTORS? center_img KCS-content KEN SDEAN | LLOYDS“A face will represent a brand if the market perceives strong leadership, but there are many contributors behind every successful business.”PETER WILLIAMS | XCHANGING“The success of a company should not rely on a single person entirely. A directorial board brings more in terms of ideas and options.”TYRAN FALLAN | LONDON METAL EXCHANGE“It’s up to each company what their business model should be – one passionate leader can be as successful as a board of directors.” Share Wednesday 23 February 2011 9:11 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndolast_img read more