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Pensions buy stake in Westfield

first_img Share whatsapp Pensions buy stake in Westfield KCS-content The Australian owner of the Westfield shopping centre has sold a stake in its Stratford shopping development to Dutch and Canadian pension funds for £871.5m. Westfield Group has agreed to sell a 50 per cent stake in the retail arm of the development next to the 2012 Olympic Games site to APG and the Canadian Pension Plan Investment Board. The deal, due to complete in late 2011, is part of Westfield’s strategy to create a new $12bn property fund. 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 ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Monday 22 November 2010 7:51 pm whatsapp Tags: NULLlast_img read more

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Xcite shares surge on discovery

first_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 PastSerendipity 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.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Shares in AIM-listed Xcite Energy jumped almost 20 per cent yesterday after tests at its well at the Bentley field in the North Sea returned more than 2,000 barrels of oil. The results show the well is both commercially viable and has a reservoir at the top end of the company’s expectations, it said. KCS-content Xcite shares surge on discovery whatsapp whatsappcenter_img Share Tags: NULL Show Comments ▼ Tuesday 21 December 2010 8:14 pm last_img read more

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ROW AT NO.10 SPARKS UNION STRIKE THREAT

first_img Tags: NULL 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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times ROW AT NO.10 SPARKS UNION STRIKE THREAT whatsapp THE government’s assault on public sector pensions became a major flashpoint yesterday at trade union leaders’ first official meeting with a Conservative Prime Minister for 25 years.In a meeting at No. 10 requested by the unions to outline their concerns about the government’s public spending cuts, Cameron said certain aspects of the government’s programme were “non-negotiable”.According to sources at the meeting, led by TUC general secretary Brendan Barber, Cameron used the phrase to refer to the government’s position on public sector pensions, where it has said it will change the basis on which they are calculated.The government has said it will index pensions against the CPI rather than the RPI in a move that will make thousands of workers worse off as it shaves thousands off the value of their pensions.“David Cameron said that the change in the index was non-negotiable,” said a spokesman for the Public Services Union. “There’s no point in having cosy fireside chats if they do not lead to meaningful negotiations,” he added.Writing in today’s City A.M. the Public and Commercial Services Union general secretary Mark Serwotka says the union might do better by organising protests against the government’s proposals rather than discussing issues with them. “If Cameron’s government will not agree to meaningful negotiations, then all the cordiality and the fine words are for nothing, and have the effect of inviting industrial and legal action,” Serwotka said.The Trades Union Congress (TUC) is already looking at the legality of the government’s move, which was announced in the budget.Those at the meeting said that the discussions were fairly cordial, although some on the union side questioned how valuable the talks had been.The trade union delegation was deprived of one of its most militant members, Len McCluskey, whose train arrived late in from Liverpool, causing him to miss the meeting. McCluskey warned over the weekend that the government faced a massive battle with unions over the cuts and he vowed to work with students to fight the austerity agenda.The union side included TUC leader Brendan Barber and National Union of Journalists general secretary Jeremy Dear, while the government was represented by Cameron, Oliver Letwin and Francis Maude.CABLE: I CAN BRING DOWN THE GOVERNMENTTHE TENSIONS within the coalition were thrown into sharp relief yesterday after the Telegraph quoted business secretary Vince Cable threatening to use the “nuclear option” to bring down the government.Cable told undercover reporters posing as constituents that there is “a constant battle going on behind the scenes” both within and between the Tory and Liberal Democrat camps.“If they push me too far then I can walk out of the government and bring the government down and they know that,” he was recorded as saying. Cable said last night that he was embarrassed by the comments, but would not be resigning from his role in the coalition. The Liberal Democrats have backed his position. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida 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.comWhy people are finding dryer sheets in their mailboxesnypost.comPuffer fish snaps a selfie with lucky divernypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.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.comcenter_img KCS-content Show Comments ▼ whatsapp Monday 20 December 2010 9:38 pmlast_img read more

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Orders from Middle East and Asia drive a surge in full-year profits at Chemring

first_img Orders from Middle East and Asia drive a surge in full-year profits at Chemring whatsapp KCS-content whatsapp Tags: NULL Show Comments ▼ Tuesday 18 January 2011 7:43 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap BRITISH arms firm Chemring posted a 14 per cent rise in full-year profit yesterday, helped by growing sales in the Middle East and Asia, and said it is confident on its prospects for 2011.Chemring, whose products help fighter planes avoid missile attacks, reported an underlying pre-tax profit of £116.8m on revenues 18 per cent higher at £597.1m for the year to the end of October 2010.The company raised the dividend by 18 per cent to 59p and said the outlook for 2011 was good despite tighter defence budgets both at home and abroad.“We remain confident that the United States represents an area of future growth in all of our market segments … it is our non-NATO customers that represent the largest opportunity for growth over the next five years,” the company said.“In 2010, our revenues from Middle East and Far East customers grew by over 60 per cent and we believe that future growth in these regions should be substantial.”Chemring was expected to post an average full-year pre-tax profit of £119.6m, according to a consensus poll of nine analysts.The company said its order book stood at a record £90m, up 54 per cent on January 2010.Shares in Chemring, which have climbed seven per cent in the last month, closed down 0.7 per cent at £32.33 yesterday. Sharelast_img read more

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ZB Financial Holdings Limited (ZBFH.zw) 2009 Abridged Report

first_imgZB Financial Holdings Limited (ZBFH.zw) listed on the Zimbabwe Stock Exchange under the Banking sector has released it’s 2009 abridged results.For more information about ZB Financial Holdings Limited (ZBFH.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the ZB Financial Holdings Limited (ZBFH.zw) company page on AfricanFinancials.Document: ZB Financial Holdings Limited (ZBFH.zw)  2009 abridged results.Company ProfileZB Financial Holdings Limited provides financial solutions to the commercial and merchant banking sector in Zimbabwe, as well as retail banking services, insurance operations and strategic investments. Known as Zimbank, the company services its clients through a nationwide footprint of branches in major towns and cities in Zimbabwe and electronic delivery channels. The Insurance division provides structured insurance products for short- and long-term insurance; and the Strategic Investment division offers shared services which include risk management, compliance and human resources, and investments in property holdings and sub-sectors of the financial sector. ZB Financial Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

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National Media Group Limited (NMG.tz) HY2016 Interim Report

first_imgNational Media Group Limited (NMG.tz) listed on the Dar es Salaam Stock Exchange under the Printing & Publishing sector has released it’s 2016 interim results for the half year.For more information about National Media Group Limited (NMG.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the National Media Group Limited (NMG.tz) company page on AfricanFinancials.Document: National Media Group Limited (NMG.tz)  2016 interim results for the half year.Company ProfileNation Media Group (NMG) Limited operates as an independent media house in East and Central Africa. Through its subsidiaries, NMG publishes, prints and distributes a variety of newspapers, magazines and online publications as well as manages radio and television broadcasting operations in Kenya, Uganda, Rwanda and Tanzania. It also provides courier and third-party printing services. Group publications include The EastAfrican, Daily Nation, Sunday Nation, Business Daily Africa, Daily Monitor, The Citizen, NMG Investor Briefing, Taifa Leo and Zuka. NMG owns a 76.5% stake in Monitor Publications Limited and 93.3% stake in KFM, a Kampala-based radio station in Uganda. It owns two television stations; NT Uganda and Spark TV and has a 60% stake in Mwananchi Communications Limited in Tanzania. In 2016, NMG commissioned a state-of-the-art printing press in Nairobi which has capacity to print 86 000 newspapers per hour. National Media Group Limited is listed on the Dar es Salaam Stock Exchangelast_img read more

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British American Tobacco Kenya Limited (BAT.ke) HY2018 Interim Report

first_imgBritish American Tobacco Kenya Limited (BAT.ke) listed on the Nairobi Securities Exchange under the Agricultural sector has released it’s 2018 interim results for the half year.For more information about British American Tobacco Kenya Limited (BAT.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the British American Tobacco Kenya Limited (BAT.ke) company page on AfricanFinancials.Document: British American Tobacco Kenya Limited (BAT.ke)  2018 interim results for the half year.Company ProfileBritish American Tobacco (BAT) Kenya Limited grows, manufactures and sells tobacco products in Kenya. Cigarettes and other tobacco products in its product range include Dunhill, Rothmans, Embassy, Sportsman, SM, Safari and Rooster. The local cigarette brand produced for the Kenyan market is Embassy. The company also exports tobacco products to 13 countries in the African sub-region. The Kenyan enterprise is a subsidiary of the world’s most prestigious international tobacco business, parent company British American Tobacco Group. BAT Kenya was founded in 1907 and formerly known as BAT Kenya Limited. It changed its name to British American Tobacco Kenya Limited in 1998. British American Tobacco Kenya Limited is listed on the Nairobi Securities Exchangelast_img read more

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Linkage Assurance Plc (LINKAS.ng) Q42019 Interim Report

first_imgLinkage Assurance Plc (LINKAS.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2019 interim results for the forth quarter.For more information about Linkage Assurance Plc (LINKAS.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Linkage Assurance Plc (LINKAS.ng) company page on AfricanFinancials.Document: Linkage Assurance Plc (LINKAS.ng)  2019 interim results for the forth quarter.Company ProfileLinkage Assurance Plc is a non-life insurance business in Nigeria licensed to underwrite numerous insurance classes including business, marine and motor insurance. Business insurance classes include automobiles, property, general accident, liability group, compulsory insurances, oil and gas, marine and aviation and engineering. Retail and direct insurance includes motor plans, estate insurance plans, citadel shield plans, shop comprehensive plans and event insurance. Linkage Assurance Plc merged with Central Insurance Company Limited in 2007 as part of the recapitilisation and consolidation reforms of the National Insurance Commission (NAICOM). The company’s head office is in Lagos, Nigeria. Linkage Assurance Plc is listed on the Nigerian Stock Exchangelast_img read more

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Should I chase the Ocado share price higher or listen to Warren Buffet and buy a tracker instead?

first_img Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge! The high-calibre small-cap stock flying under the City’s radar Image source: Getty Images See all posts by Harvey Jones Should I chase the Ocado share price higher or listen to Warren Buffet and buy a tracker instead? Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.center_img The Ocado Group (LSE: OCD) share price has been a thing of wonder in the pandemic, doubling in the last 12 months. Its performance over five years is even more spectacular, as it rose 854% in that time.The FTSE 100 has limped behind. Despite a strong recovery from the post-crash lows of last March, it trades more than 13% lower than a year ago. Its long-term performance also trails the Ocado share price. Over five years, it’s up just 14.5%.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…If I’d invested £10,000 in Ocado five years ago, I’d have £95,400 today. By contrast, a FTSE 100 tracker would have turned £10,000 into just £11,450. With dividends reinvested, I might have £13,000. The Ocado share price is the clear winner. However, past performance is no guarantee of future success. There is a danger the buzz around Ocado has been overdone. And the stock trades at an incredibly high price-to-book value of 18.9.The FTSE 100 could reboundWhile individual equities can beat the index, working out which companies will repeat the Ocado share price’s blistering performance is never easy. Stock pickers like me will buy losers as well as winners. US billionaire investor Warren Buffett, possibly the most successful stock picker of all, recognises that. He has instructed trustees in charge of his estate to invest 90% in the S&P 500, via index trackers, for when he’s gone. I could apply the same logic to the FTSE 100.Buying a low-cost exchange-traded fund or unit trust tracker is as simple as can be. I potentially get growth across the index, at minimal cost. History shows that in the long run, my index tracker should beat almost every other asset class.However, I still think there’s a strong case for me to invest in individual stocks as well, as long as I understand the risks. The Ocado share price shows that. Would I buy it today?Ocado is a tech-based company. It has built delivery infrastructure for supermarkets that it can sell worldwide. It has poured money into robotics technology, which is why it has only posted pre-tax profit twice since its creation 20 years ago.I think the Ocado share price could climbIts plans seem to be coming to fruition, as the surge in online food shopping during lockdowns drives underlying profits. Full-year profits at the Ocado Retail division, which started selling Marks & Spencer food last September, are expected to top £60m, up from the £40m originally anticipated. This was before the third lockdown was announced.Ocado is now looking to expand into clothing and general merchandise, after buying two US-based robot developers. The bots will pick and pack goods for home delivery. Once it has refined the technology, it can offer its services all over the world. The Ocado share price is up another 20% in the past month in anticipation.However, as I said, it is expensive. The stock is priced for rapid global growth and any setbacks could hit it hard. I mustn’t ignore the dangers.I think FTSE trackers make a good core portfolio holding, but a few top stocks like Ocado can supplement that nicely. I’m aware that Ocado isn’t consistently profitable and I don’t know what will happen to the share price in future (it can fall or tread water as well as rise). But I’d still buy today. Harvey Jones | Monday, 25th January, 2021 | More on: OCDO Enter Your Email Address Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

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I’d still buy UK shares for a passive income despite 2020 dividend cuts

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Making a passive income from UK shares became significantly more challenging as a result of the 2020 stock market crash. In response to an uncertain operating environment caused by the pandemic, over half of all FTSE 100 shares cut, postponed, or cancelled their dividends.Despite this, UK stocks can still offer a relatively high income opportunity compared to other popular assets. Their potential to deliver growth in an improving economic environment could lead to further appeal from an income perspective over the coming years.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A high passive income from UK sharesMany UK shares now offer less impressive passive income prospects than they did a year ago. But it’s still possible to build a worthwhile dividend portfolio from FTSE 350 stocks. In fact, obtaining a portfolio yield in excess of 4% from a broad range of businesses is unlikely to prove especially challenging at the present time.After all, the stock market continues to trade below its level from a year ago. As such, many companies have higher yields than they have done in recent years.By contrast, making a generous income return from other assets may prove to be far more challenging. For example, low interest rates mean that obtaining a passive income return that’s above 1% from cash savings may be difficult.Meanwhile, bonds have risen in price so that their yields are also at exceptionally low levels in many cases. Cash and bonds may even struggle to provide a rise in spending power over the long run. So that could also have a detrimental impact on an individual’s financial prospects.Dividend growth opportunitiesAs well as a relatively high passive income, UK shares also offer the potential for dividend growth in the long run. Clearly, no economic or stock market recovery is ever guaranteed. There are currently high risks that could mean there’s a failure to post rising profitability and dividends across a range of FTSE 350 stocks and sectors.However, the past performance of the economy suggests a recovery is likely to take place in the coming years. Measures such as a vaccine rollout, monetary policy stimulus and a likely end to lockdown restrictions could catalyse the UK and global economies in the long run.The result of this may be rising profitability and higher dividends in the long term. And that should have a positive impact on an individual’s income prospects.Higher risks from UK stocksOf course, UK shares are a higher-risk means of obtaining a passive income than other assets such as cash and bonds. There’s a threat of capital loss, as well as no guarantee that dividends will be paid in future.However, with the difference in return being relatively wide between equities and other income-producing assets, the potential rewards could be worth the additional risk on a long-term view. I’d still buy UK shares for a passive income despite 2020 dividend cuts See all posts by Peter Stephens Enter Your Email Address Peter Stephens | Wednesday, 3rd February, 2021 center_img Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Get the full details on this £5 stock now – while your report is free. FREE REPORT: Why this £5 stock could be set to surgelast_img read more

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