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BSkyB braces for crunch EU sports ruling

September 4, 2021 | gzfrmzwx | No Comments

first_img BSkyB braces for crunch EU sports ruling Tags: NULL KCS-content Share whatsapp Sunday 3 October 2010 10:26 pm More From Our Partners Russell 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comcenter_img whatsapp BSKYB is braced for a high court hearing this week that could change the football rights landscape.A pub landlady has taken a case to the European Court of Justice claiming Sky is breaching European free-trade rules with the way it sells its commercial Sky Sports packages.Portsmouth-based Karen Murphy was fined after an enforcement team from Football Association Premier League Limited (FAPL), an organisation working for the interests of the individual clubs, discovered she was screening matches through a Greek satellite broadcaster.Murphy claims the £1,000 a month Sky charges for the right to screen matches is an unfair fee and she should be free to shop around other broadcasters.The charges were brought against Murphy by FAPL. However, should Murphy be successful, the case could have drastic implications for Sky, which holds exclusive rights for commercial screening of matches in the UK. The case has the potential to open the floodgates for other publicans to switch their costly Sky subscriptions for cheaper European ones. Many landlords say they have been forced to switch off the football because the prices are prohibitively high, giving the commercial edge to larger chain pubs and driving competition out of the industry.Sky and the FAPL are already fighting to stop landlords using foreign decoders to screen games that kick off at 3pm, which UK-broadcasters are prohibited from showing. 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 Show Comments ▼last_img read more

Chinese head backs a stable euro currency

September 4, 2021 | rkbamvjw | No Comments

first_img KCS-content Tags: NULL Chinese head backs a stable euro currency whatsapp Show Comments ▼ CHINA pledged yesterday to support a stable euro and not reduce its holdings of European government bonds in an effort to deflect criticism of its foreign exchange policy ahead of an EU-China summit this week.China, at loggerheads with the US over the yuan and likely to face similar complaints during his tour of European countries this week, emphasised its willingness to cooperate with the 27-nation EU.“I have made clear that China supports a stable euro,” Chinese Premier Wen Jiabao said during a visit to Greece at the start of a one-week European tour. “We will not reduce the holdings of European bonds in our foreign exchange portfolio,” he added.Wen, who offered on Saturday to buy Greek government bonds when debt-laden Athens resumes issuing, said he was glad Greece was starting to emerge from the shadows of its debt crisis.China has said it needs to diversify its foreign currency holdings and has bought Spanish government bonds. Chinese state entities have been generally conservative about investing in foreign financial markets and the Chinese government faces domestic political criticism over losses they incurred during the global financial crisis.Policy moves by the Chinese government to free the yuan from a dollar peg will help the Chinese currency rise, Dominique Strauss-Kahn, the head of the IMF said on Saturday.Wen and his Greek counterpart George Papandreou said in a joint statement the world’s nations need to coordinate economic policies for global recovery to find a sure footing.“Global economic recovery is a journey with many turns and a full exit from it requires joint efforts,” Wen said. He made no comments on the yuan. On Saturday he said he was willing to work with the EU to confront the financial crisis and reform the international financial system.Ahead of a China-EU summit on 6 October, Wen urged the block to recognise China as a market economy, a status that would make it less vulnerable to anti-dumping charges under WTO rules. In exchange, China offered to boost copyright protection and widen bilateral trade. center_img Share Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal 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 AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo whatsapp Sunday 3 October 2010 10:56 pm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA 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.orglast_img read more

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 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 Services activity growth rose unexpectedly in September from a 16-month low, but the outlook is poor with the weakest inflow of new business in over a year, a survey showed.The figures are unlikely to alter expectations that the Bank of England will keep its ultra-loose policy stance unchanged later this week and probably well into next year.The headline index of the Markit/CIPS services PMI index increased to 52.8 from 51.3, versus economists’ expectations for a slight fall to 51.0.However, planned cuts to government departments’ spending of around a quarter over the next five years already seem to be affecting the firms covered in the survey, which excludes most activity in the public and retail sectors.“Inflows of new work and prospects for the year ahead have been hit by widespread worries that the recovery is losing steam, cancelled government contracts and the prospect of more cuts to come,” said Markit’s chief economist, Chris Williamson.The new business component slowed to a 15-month low of 51.3 from 51.4. Business expectations for the coming year increased to a four-month high but remained subdued by historic standards.“Unless trends in new business show an improvement soon, the lack of confidence is consistent with a downturn in business activity in the coming months,” Williamson said.Markit said that third-quarter service-sector output was the weakest since the second-quarter of 2009. This bodes ill for third-quarter GDP growth, which economists already expect to slow sharply from a nine-year high of 1.2 per cent in the second quarter as temporary factors fade and spending cuts bite.The Office for National Statistics reported 0.2 per cent monthly falls in output for the entire service sector – which makes up around three quarters of Britain’s economy – for June and July.The PMI survey points to some easing in the inflation pressures which has made the Bank of England’s Monetary Policy Committee wary of further loosening monetary policy up to this point.The prices charged index fell for the first time since March. But this may prove to be a temporary dip, as firms’ costs rose at the fastest pace since May, due to higher fuel, utility and food costs. John Dunne Service sector growth rises – but outlook poor whatsapp Tuesday 5 October 2010 5:11 am Tags: NULL Show Comments ▼ Share whatsapp last_img read more

first_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comA 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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com KCS-content EU says Ireland needs to find consensus on its budget plan whatsapp whatsapp THE European Union (EU) has warned the Irish government and opposition parties there must be political consensus on budget measures to ensure international markets continue lending to the country next year, according to an Irish newspaper report.An agreement in cross-party talks involving Prime Minister Brian Cowen; the leader of junior coalition partner, the Greens; and the leaders of the two main opposition parties, Fine Gael and Labour, would increase international confidence in Ireland’s ability to bring its €18bn (£15.7bn) budget deficit back within Eurozone guidelines, according to a spokesman for Olli Rehn, the EU economics commissioner.“From a political point of view, there is no doubt that strong political support of the plan will inspire more credibility,” said Amadeu Atlafaj Tardio told the paper. “It is not about convincing the European Commission or even the member states of the euro area which will also discuss these issues. It is about convincing all the market forces beyond the European institutions, which will have a determining role to play.“One of the lessons of the sovereign debt crisis that we have learnt is that the referee is not only the European institutions; there are other referees in the game that play a major role… the rating agencies, the market players.”Cowen wrote to the leaders of the main opposition parties on Wednesday inviting them to talks about a possible consensus on how to tackle the worst budget deficit in the European Union. Sunday 17 October 2010 11:05 pm Show Comments ▼ Share Tags: NULLlast_img read more

SAP remains cautious despite solid profits

September 4, 2021 | kzmwuuff | No Comments

first_img GERMAN business software maker SAP AG stuck to its full-year targets in third-quarter results, dashing investor hopes that had been raised by solid results from North American peers.SAP said third-quarter operating profit rose 16 per cent to €716m. Software and software-related service revenue (SSRS) rose 20 per cent to €2.32bn.Operating profit was forecast at €803m on SSRS sales of €2.30bn in a Reuters poll.SAP stuck to its 2010 growth forecast for non-IFRS key software and software-related service revenue in a 9-11 per cent range. That includes contributions of 6-8 percentage points from US database company Sybase, which SAP acquired in May.It also reiterated its full-year target for a non-IFRS operating margin of 30-31 per cent.Technology bellwether Oracle, which is SAP’s fiercest rival, Blackberry maker Research In Motion, and IBM have reported solid results, easing investor concerns about tech spending. “Top-line numbers are better than expected and this is obviously important,” Heino Ruland of Ruland Research said. Share Tags: NULL SAP remains cautious despite solid profits 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 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 ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryMagellan 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 KCS-content center_img whatsapp Wednesday 27 October 2010 8:24 pm Show Comments ▼ whatsapplast_img read more

first_img Share KCS-content whatsapp More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.comPuffer fish snaps a selfie with lucky divernypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com New US claims for jobless aid rose last week and a strong rebound in productivity in the third quarter showed employers wringing more output from current workers rather than hiring. US business productivity rose at a stronger-than-expected 1.9 per cent annual rate, the Labour Department said yesterday, leading to a surprise dip in unit labour costs, a closely watched gauge of inflation pressure.The data came a day after the Federal Reserve launched a programme to buy an additional $600bn (£369bn) worth of government bonds out of concern over lofty unemployment and the risk slowing inflation could lead to a downward price spiral that could shackle the economy.The US government’s closely watched monthly employment report, to be released today, is expected to show anemic jobs growth in October.Initial claims for state unemployment benefits increased 20,000 last week to a seasonally adjusted 457,000, reversing the prior week’s decline, the department said in a separate report. Economists had expected claims to come in at 443,000. The data suggested little improvement in the stagnant US labour market and continued downward pressure on inflation. Tags: NULL Employers wringing more from staff as US jobless claims surge center_img Show Comments ▼ 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 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 HeraldMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Friday 5 November 2010 12:14 am whatsapplast_img read more

Lloyds warns over new hit from Irish portfolio

September 4, 2021 | kzmwuuff | No Comments

first_imgFriday 17 December 2010 9:30 am Show Comments ▼ Share Part-nationalised bank Lloyds has warned that it would take a further hit from impairments on its Irish portfolio as a result of Ireland’s economic and fiscal deficit problems.The update on its Irish exposure caused Lloyds shares to fall sharply, dragging down other banks such as Royal Bank of Scotland, which is also exposed to Ireland via RBS’ Ulster Bank unit.Lloyds shares were down six per cent while RBS fell five per cent.Ireland’s economic turmoil was highlighted on Friday as credit rating agency Moody’s cut the country’s credit rating by five notches.Lloyds said a further ten per cent of its £26.7bn Irish portfolio would become impaired by the 2010 year end.It added it would increase the level of provisions against the portfolio, and expected an increase in the impairment charge relating to Irish exposures for the full year 2010 to about £4.3bn.Lloyds said this would result in an increase in provisions as a percentage of impaired Irish loans to approximately 54 per cent at the 2010 year end. 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof John Dunne Lloyds warns over new hit from Irish portfolio whatsapp whatsapp Tags: NULLlast_img read more

FSA cheers as trio admit insider deals

September 4, 2021 | bqfdduvy | No Comments

first_img FSA cheers as trio admit insider deals whatsapp Show Comments ▼ whatsapp A FORMER Dresdner Kleinwort banker, his wife and a Singaporean man have pleaded guilty to eight counts of insider dealing, allowing City watchdog the FSA to claim its latest victory in a crackdown on market abuse.Helmy Omar Sa’aid, 34, yesterday appeared at Southwark Crown Court to admit to being the third member of a nine-year insider dealing scam that involved British banker Christian Littlewood and his wife Angie.The couple were arrested last March and had already pleaded guilty, but court reporting restrictions were only lifted yesterday.The trio are due to be sentenced in early February. In a move that underlines its determination to crack down on market abuse, the Financial Services Authority secured its first extradition of a suspect from abroad after Sa’aid refused to return from the Comoros Islands in the Pacific Ocean to face trial. Littlewood, who once worked for Dresdner Kleinwort, his wife and Sa’aid were initially charged with 13 counts of insider dealing and one count of conspiracy to commit insider dealing in London-listed shares over eight years.The three are alleged to have made around £590,000 profit by trading illegally in takeover candidates such as water group South Staffordshire between 2000 and 2008.Margaret Cole, the FSA’s managing director of enforcement and financial crime, said: “It seems that the penny is beginning to drop. These guilty pleas show that our strategy of a tough approach to insider dealing – and, in particular, demonstrating that we are prepared to fight difficult criminal prosecutions to trial – is paying off.” Monday 10 January 2011 8:25 pm KCS-content Share Read This Next’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 WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Tags: NULLlast_img read more

Low rates reduce business costs

September 4, 2021 | kzmwuuff | No Comments

first_img whatsapp Share whatsapp Despite rising global commodity prices, business costs continued to fall in December, driven lower by cheap financing costs. “A pick-up in investment demand from the corporate sector is perhaps our best hope of securing a sustained recovery through 2011,” commented Erik Britton of Fathom, who published the results yesterday. KCS-content 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 Wrapcenter_img Tags: NULL 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’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Monday 17 January 2011 8:45 pm Low rates reduce business costs last_img read more

Bovis doubles profit on land grab policy

September 4, 2021 | bfiqjzlr | No Comments

first_img Bovis doubles profit on land grab policy whatsapp Show Comments ▼ Monday 14 March 2011 8:45 pm Tags: NULL HOUSEBUILDER Bovis Homes yesterday said its 2010 profit more than doubled and that it had made an encouraging start to 2011.Bovis reported a pre-tax profit last year of £18.5m, compared with £7.5m the year before.The company had been expected to post a profit of £18.54m, according to a poll of analysts. Chief executive David Ritchie said: “The group has delivered a strong improvement in profit in 2010, driven by increased volumes, stronger sales prices and delivery of cost savings.” Bovis spent £203m on land in 2010, acquiring 3,700 plots mostly located in the south of England, and has agreed terms to buy another 2,500 this year, it said.The average selling price of a Bovis home rose by 3.9 per cent to £160,700 in 2010, and the group achieved 1,901 completions in the year, up from 1,803 in 2009.The company, which expects to open 33 new sales outlets in 2011, said it had made an encouraging start in the first nine weeks of the year, with reservations up 11 per cent.The company said it would restore its dividend – with a proposed payment of 3p for 2010 – as a result of the positive figures. The last time a dividend was paid was 2008.Economists are predicting a testing year for housebuilders and muted growth at best, as economic uncertainty and a struggle to access credit deter buyers from entering the market. Bovis said mortgage availability will continue to restrain buyers in 2011 but expects prices to remain stable as a whole. The Kent-based group, which is debt free, added: “With the supply of consented land likely to be constrained in the future, given the planning environment we believe that this is an excellent time to invest.” center_img Share whatsapp 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 TimesBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’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’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap KCS-content last_img read more