Vedanta in talks to buy Indian oil firm

first_imgThursday 12 August 2010 7:46 pm VEDANTA Resources is in talks to buy part of Cairn Energy’s Indian spin-off oil firm, both companies confirmed yesterday. Vedanta is already focused on mining in India, but is keen to move into oil and gas operations in the country. Aberdeen-based Cairn, which has a 62.37 per cent stake in Mumbai-listed Cairn India, emphasised in a statement that “there can be no certainty the contemplated disposal will occur or, as to the terms of any such disposal”.Cairn India is the fourth-largest oil and gas company in the country, and was valued at £8.92bn at the close of trading yesterday, valuing Cairn Energy’s stake at £5.56bn.“The big question now is how big this stake is going to be and how are they going to structure the deal,” said Liam Fitzpatrick, an analyst at Credit Suisse. “It will probably be more of a minority interest,” he said, noting that Vedanta is already relatively highly geared.Other analysts voiced concerns about the possible purchase. “A move into oil would be a very strange shift away from Vedanta’s core business of developing mines and smelters,” analysts at Credit Suisse said in a note. They added: “We therefore struggle to see any strategic fit or synergies.” Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot whatsapp whatsapp KCS-content Share Show Comments ▼ Tags: NULL Vedanta in talks to buy Indian oil firm last_img read more

Markets fall as fears over economic recovery mount

first_imgTuesday 31 August 2010 4:31 am Markets fall as fears over economic recovery mount John Dunne More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp The FTSE 100 dropped today (Tuesday) led by falls in risk sensitive assets such as banks and commodity stocks as fears intensified over the sustainability of the global recovery.The index shed 61.37 points, or 1.2 per cent at 5,140.19, erasing the 0.9 per cent gain on Friday, as traders returned after the Bank Holiday break.Concerns about the pace of economic recovery dented investor sentiment. Wall Street .DJI slid 1.3 percent as a statement from President Barack Obama fell short of addressing worries the recovery is faltering, while investors looked ahead with caution to important economic data coming this week.Tokyo stocks shed 3.6 per cent, their worst daily drop in three months, after the Bank of Japan’s emergency moves the day before failed to curb the yen’s strength and disheartened investors bailed out of the market.“There has been a concern for some time now that central banks have been running out of ammunition in term of ways of being able to stimulate the economy,” Richard Hunter, head of UK Equities at Hargreaves Lansdown Stockbrokers said.In London, the banking sector led on the slide, with Barclays off three per cent.Weakness was also seen in energy and mining stocks, which fell in tandem with commodity prices as the outlook for global demand clouded over.Outsourcing company Serco was a top faller, down 2.9 per cent as BofA Merrill Lynch cut its rating to “neutral” from “buy” ahead of the UK spending review in October Show Comments ▼ Share whatsapp Tags: NULLlast_img read more

Loss for Borders as sales drop again

first_img Loss for Borders as sales drop again Wednesday 1 September 2010 7:59 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoAll Things Auto | Search AdsBuick’s New Lineup Is Truly StunningAll Things Auto | Search AdsUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramUndoBetterBe20 Stunning Female AthletesBetterBeUndo KCS-content Share Show Comments ▼ whatsappcenter_img Tags: NULL Borders yesterday reported a quarterly loss as the second-largest US book store chain cut prices and continued to grapple with lower sales amid a shift to electronic books.Like its larger bricks-and-mortar rival Barnes & Noble, Borders has had to contend with fierce competition from the likes of Amazon.com whose Kindle, introduced in 2007, has helped it garner a commanding position in the growing digital books market.But Borders has been much slower than Barnes & Noble, which introduced its Nook e-reader last year, to attack the e-books market and only launched its own e-bookstore in early July. Borders’ sales fell 11.5 per cent to $526.1m for the quarter to the end of July. Sales at its superstores open at least a year, or same-store sales, fell 6.8 per cent, which follows a 17 per cent decline in the year-ago quarter.The retailer said sales on its website had risen 56.2 per cent to $15.5m but that represents just three per cent of sales. whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Prooflast_img read more

3i to sell Hyva in €500m deal

first_img Show Comments ▼ whatsapp whatsapp Share PRIVATE equity firm 3i is preparing to sell hydraulic pump maker Hyva for up to nine times its original investment.The company has appointed Credit Suisse to run the auction for Dutch firm Hyva which is valued at around €500m (£411.3m). 3i bought Hyva for just €125m six years ago, investing €30.7m of equity and raising debt from ABN Amro.The sale is the latest in a series for 3i, which earlier this year sold Nordic health group, Ambea, as well as commodity testing buisness Inspectorate and chemicals firm Panreac. 3i to sell Hyva in €500m deal KCS-content Thursday 9 September 2010 8:40 pm 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

Boris joins the City protest over proposed non-EU migrant cap

first_imgSunday 12 September 2010 11:17 pm Boris joins the City protest over proposed non-EU migrant cap whatsapp whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼ MAYOR of London Boris Johnson has written to home secretary Theresa May to express his concern over the economic impact of the forthcoming Tory cap on migrant workers from outside the EU.Johnson told the BBC’s Andrew Marr show that it was “reasonable to try and get a grip” on immigration.But he added that the problem with the cap was that companies, particularly accountancy firms, banks and law firms, would have extreme difficulty bringing in staff needed “to keep London’s economy going”.The government has already faced a backlash from corporates over the prohibition of intra-company staff moving into and out of the UK, often on a temporary basis, which they argue would damage their ability to be flexible. KCS-content Tags: NULL Sharelast_img read more

Blacks boosted by reduced loss

first_img BLACKS Leisure’s losses are narrowing as it seeks to attract suitors for the business.The retailer, which owns the Blacks and Millets brands, said the business was bouncing back after a tumultuous period. Like-for-like sales in its outdoor stores were down by six per cent, which it blamed on difficult trading conditions. But in the past two months, like-for-like sales have improved and are now down by only 3.5 per cent. It had reduced its operating losses from £8.7m to £7.1m in the first half of the year. The firm is courting suitors for the business. Thursday 28 October 2010 8:02 pm KCS-content whatsapp whatsapp Blacks boosted by reduced loss 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼last_img read more

Irish MPs warn of pension cut red line

first_img Share KCS-content IRISH government lawmakers have warned the country’s finance minister Brian Lenihan that he will fail to push the 2011 budget through parliament if it includes public sector pension cuts.Lenihan is set to step up Ireland’s austerity drive by unveiling €6bn (£5.24bn) in spending cuts and tax hikes in the toughest budget on record on 7 December. But with a parliamentary majority of just three, he needs 80 of the government’s 82 MPs to back the plan.Several of them said they could not support a reported €7 cut to the €230-a-week state pension, mindful of the 15,000 pensioners, dubbed the “grey army”, who marched on parliament two years ago when Lenihan tried to means test their medical allowances.“If there is any cut to the OAPs (old age pensions), then the budget won’t pass,” Chris Andrews, a member of Lenihan’s Fianna Fail Party told an Irish newspaper.Lenihan also needs to secure the support of two government-supporting independent MPs and the six lower-house members of junior partner The Greens.Ireland cancelled its remaining bond auctions for 2010 in September, hoping that a four-year fiscal plan – due to be published this month – and the passing of December’s budget would reduce its cost of borrowing.However, borrowing costs breached record highs in successive days last week.“I will be talking to colleagues about how we will vote, on the basis of one overwhelming consideration, the national interest,” Fine Gael MP Jim O’Keefe said. whatsapp Irish MPs warn of pension cut red line Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsappcenter_img Sunday 7 November 2010 8:55 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity 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 Show Comments ▼ Tags: NULLlast_img read more

Disney misses forecasts

first_img Tags: NULL More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.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 FollowAlphaCuteDirect HealthyKate Silverton’s PartnerDirect Healthythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comFacty Vroom20 All-Time Favorite Classic Cars Americans Could Not Forget [Gallery]Facty Vroom Thursday 11 November 2010 8:42 pm Disney misses forecasts Sharecenter_img KCS-content Walt Disney posted a rare quarterly earnings miss after TV broadcasting and theme park revenue fell, offsetting a boost from smash “Toy Story 3” and robust advertising sales. Disney’s fourth-quarter net income fell to $835m, compared with $895m a year earlier. Total sales fell one per cent to $9.7bn from $9.9bn. Analysts on average had forecast sales of $9.95bn. Wall Street had expected better numbers from a company that has exceeded earnings expectations in each of the past six quarters, hoping that an improving economy boosted advertising, parks, consumer products and its other businesses. Show Comments ▼ whatsapplast_img read more

Spotify lost £1m per month in 2009

first_img whatsapp Spotify lost £1m per month in 2009 KCS-content Share 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 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 Proofcenter_img Show Comments ▼ SPOTIFY, the online music service is losing £1m a month by offering free music funded by advertising, it was revealed yesterday.The web based music streaming site which is attempting to challenge i-Tune’s dominance in the market finally reported its 2009 figures which showed its advertising revenue was £4.5m while subscription-based revenue reached £6.5m, compared with £380,000 in 2008. However, it suffered net losses of £16.6m over the period as a result of hefty payments to music rights-holders. The Swedish-based company had 7m users at the end of 2009, compared with only 1m at the start of the year. But only 250,000 of those were paying a monthly fee to subscribe. Monday 22 November 2010 8:43 pm 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 TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center Tags: NULLlast_img read more

Liontrust posts loss but boosts client inflows

first_img whatsapp whatsapp Tags: NULL More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKansas coach fired for using N-word toward Black playerthegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.com ASSET-management firm Liontrust reported a pre-tax loss of £1.6m in the six months to 30 September according to an earnings report released yesterday. Despite the loss, the firm saw its first net investment inflows in six years. Investors moved £90m into Liontrust products last quarter, and have already invested £76m since October. Total assets under management now amount to £1.24 bn. Vinay Abrol, chief financial officer and chief operating officer, said: “We are moving in the right direction because we have a sound marketing strategy.”He added: “Our shareholders are very supportive, and we have a robust cash balance.” The company offers unit trusts and hedge fund products in the UK and continental Europe. Liontrust inflows increased after a strong performance of its funds in recent months. Major brokerage house Hargreaves Lansdown also helped increase inflows after it recommended Liontrust’s European Absolute Return fund. Its shares closed down 1.5p at 92.50p, yesterday. Share Liontrust posts loss but boosts client inflows Show Comments ▼ KCS-content Wednesday 24 November 2010 8:41 pmlast_img read more