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Dawn Airey heads for the exit after C5 sell-off

first_imgTuesday 10 August 2010 8:59 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comPuffer fish snaps a selfie with lucky divernypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapp KCS-content Dawn Airey heads for the exit after C5 sell-off Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoBetterBe20 Stunning Female AthletesBetterBeUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndocenter_img THE CHARISMATIC chief executive of Channel Five is widely expected to quit the firm following its purchase by Express owner Richard Desmond.Dawn Airey is expected to take a senior role at former Five owner RTL after helping it dispose of the loss-making broadcaster. It is understood she will remain at Five for several months to oversee the transition.The shock move is understood to be the first step in a radical shake-up of the board of the embattled terrestrial channel.Job cuts are expected throughout the organisation as Desmond attempts to streamline the broadcaster, which employs 300 people.The Express owner, who made his fortune selling adult magazines, bought Five from RTL in a deal worth £103.5m. He has pledged to invest up to £100m a year in new programming as he attempts to arrest the channel’s decline.A close friend of Airey’s told City A.M. she had privately said she did not expect to last more than six months under Desmond.Airey has been at Five for 14 years, after leaving the controller of entertainment position at Channel 4.Claire Enders, analyst with Enders Analysis, said the move is not unexpected. She told City A.M.: “There is almost always a decision to bring in a fresh face. In this case I expect it to be someone from within the Desmond empire rather than a TV person.“He will already have earmarked the position to a trusted lieutenant.“There is a good chance this was already decided as part of the sale, especially if Airey does take a role at RTL. I know she has a very strong contract so it will be interesting to see how much she walks away with.” Tags: NULL Show Comments ▼ whatsapp Sharelast_img read more

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Outlook is still gloomy

first_img KCS-content FOR?the most part, investors don’t like surprises. But Persimmon’s decision to reinstate its dividend at 3p, which came as something of a bolt from the blue, will be welcomed by shareholders. Although analysts were prepared for the housebuilder to swing back into the black, most thought the dividend would make a comeback at a later date, probably in 2011. Management clearly felt the business was making enough progress to act early. As a bellwether stock for the rest of the housebuilders, yesterday’s numbers should have inspired confidence.But the cautious tone on the outlook suggests this is something of a false dawn. With data pointing to another fall in house prices before the end of the year, the property sector is bracing itself for a double dip. Although Persimmon will be better placed to weather the storm this time, having paid down its debt pile to £122m, the austerity measures planned for the Autumn will surely affect housebuyers.That’s why Persimmon should ready itself for a sharp reduction in sales, and start focusing on margins not volumes. Shareholders should thank their lucky stars that the housebulder reinstated the dividend early.?If it had waited until 2011, it might have thought twice. Show Comments ▼ Outlook is still gloomy Tuesday 24 August 2010 7:51 pm Sharecenter_img 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 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 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: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd whatsapplast_img read more

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Aer Lingus swings to profit and vows to retain its independence

first_img Tags: NULL Aer Lingus swings to profit and vows to retain its independence Tuesday 24 August 2010 7:32 pm whatsapp IRISH airline Aer Lingus swung to profit in the second quarter after cost cuts more than offset the revenue hit from a volcanic ash cloud, and vowed to defend its independence by cutting costs further into next year.Aer Lingus has cut unprofitable US routes, reduced staff and fuel costs to survive in Ryanair’s shadow but also acknowledged it would be fruitless to insist on undercutting the prices of its bigger and leaner former suitor.After reporting full-year losses for both 2008 and 2009, it reiterated a projection yesterday to at least break even on an operating level before exceptional items in 2010, barring a strike by staff over cost cutting. “This performance shows a company undergoing a fast recovery from the depths of 2009,” Bloxham Stockbrokers said in a note. whatsapp Sharecenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com KCS-content last_img read more

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Balls sees economic hurricane

first_img Labour leadership candidate Ed Balls will today pit his financial wits against the coalition government, by claiming an “economic hurricane” is about to hit the UK in a speech at Bloomberg HQ. Balls is set to tell the chancellor George Osborne he is a “growth denier” who is ignoring signs of a global slowdown. Thursday 26 August 2010 8:54 pm Share Balls sees economic hurricane Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.orgcenter_img KCS-content whatsapp Show Comments ▼ whatsapp Tags: NULLlast_img read more

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BHP awaits Potash study

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.com whatsapp Tags: NULL Share Wednesday 29 September 2010 11:41 pm BHP BILLITON’S efforts to take over Potash Corp endured another twist yesterday, as rival bidder Sinochem struggled to find partners for a counterbid while a Canadian report on BHP’s suitability as a bidder was delayed.Chinese firm Sinochem has failed to team up with Russian fertiliser group UralKali, according to reports last night, leaving it struggling to find the cash to fund an offer.Potash chief executive Bill Doyle has talked up the possibility of a counterbid to BHP since the FTSE giant launched a $39bn hostile takeover six weeks ago. Meanwhile, the Conference Board of Canada said it will not report its findings on the BHP bid until at least next week. The study has looked at the impact of the takeover and considers what conditions Canada can impose to ensure it benefits the country. BHP awaits Potash study Show Comments ▼ whatsapp KCS-content last_img read more

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Rose: Shoppers can cope

first_img Tags: NULL Monday 25 October 2010 8:08 pm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative 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.org Rose: Shoppers can cope whatsapp whatsapp Share Show Comments ▼ Stuart Rose, chairman of bellwether British retailer Marks & Spencer, said consumers can cope with government spending cuts and retail sales will grow next year, even though trading will be tough.“I believe that consumers want clarity and what the chancellor did last week was give consumers absolute clarity about what to expect,” Rose said on the sidelines of the World Retail Congress when asked about last week’s package of cuts to rein in the deficit.“With clarity comes, I think, more confidence,” he said. Rose brushed off recent data showing a drop in retail sales and consumer confidence, saying this was partly due to uncertainty over the government spending review and to less favourable weather for retailers than last year.He said the key Christmas trading period would be “hard fought, but… OK” and retail sales would grow next year, although trading conditions would not be easy.“I think it will be exactly what we have seen – the weak will get weaker and the strong will get stronger.” KCS-content last_img read more

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Norton Rose expands as buys up rivals

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeUndoLiver HealthAdvertisement 1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndo KCS-content CITY law firm Norton Rose has taken over two rival firms, in a move that adds more than 650 lawyers to its payroll and takes annual turnover above $1bn (£622m) for the first time. Canadian firm Ogilvy Renault and Deneys Reitz, which is based in South Africa, will adopt the Norton Rose name from 1 June 2011, taking the total number of lawyers in the group to 2,500, with 750 partners across 38 offices on five continents. There will be no immediate staff transfers, but the firm expects large numbers of staff to move between offices in the long term, echoing Norton Rose’s merger with Australia-based Deacons at the start of the year. Partners at both firms approved the deal in June. The managing partner of Ogilvy Renault, John Coleman, and the deputy chairman of Deneys Reitz, Rob Otty, will join the group’s executive committee. Norton Rose chief executive Peter Martyr said: “Canada and South Africa are increasingly influential economies for our clients in the energy and natural resources, infrastructure, technology and financial institutions sectors.“Ogilvy Renault and Deneys Reitz give the group increased strength and depth of resource and expertise in these sectors,” he added. Several London law firms have a presence in Africa, including Eversheds and DLA Piper, though the deal is thought to be the first full merger between a UK and a South African firm. Deneys Reitz is one of the largest commercial law firms in the country, with a particular focus on international financial services. Norton Rose announced a nine per cent increase in revenue for the first half of the financial year last week, with fee income rising to £155m, following last year’s two per cent drop in annual revenue to £307m. The group said strong performance in the Middle East and Asia had driven growth. Norton Rose also announced a tie-up with Australia’s eighth largest law firm Deacons in Australia last June. whatsapp Monday 15 November 2010 9:03 pm Sharecenter_img whatsapp Show Comments ▼ Norton Rose expands as buys up rivals More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller 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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Tags: NULLlast_img read more

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Church opposes Sky sale

first_imgMonday 22 November 2010 8:48 pm Tags: NULL Church opposes Sky sale KCS-content More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com 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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity 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.com Sharecenter_img whatsapp Show Comments ▼ whatsapp THE Church of England became embroiled in the row over News Corporation’s bid to take full control of BSkyB yesterday. The Right Reverend Nigel McCulloch, Bishop of Manchester and former member of the House of Lords Select Committee on communications, said if the bid were successful News Corp would “dominate both the television and newspaper landscape”, adding Sky News could potentially come under “subtle editorial influence” from its parent company.The Church has written to the media regulator Ofcom, saying Rupert Murdoch’s company should not be allowed to buy out the rest of BSkyB because it would threaten media plurality.News Corp rejected the Church’s argument saying: “There has been an increase in plurality in UK media with more people consuming news from more sources than ever before.” last_img read more

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CAN KESA SUSTAIN ITS DRIVE FORWARD IN TOUGH MARKETS?

first_img whatsapp Share KCS-content Wednesday 8 December 2010 7:21 pm Show Comments ▼ CAN KESA SUSTAIN ITS DRIVE FORWARD IN TOUGH MARKETS? whatsapp PHILIP DORGAN| ALTIUMComet was hit by the costs of store refits and a rebranding exercise, but it is difficult to see much in the way of margin improvement over the next 12 months. The Darty story remains strong. We maintain our ‘buy’ recommendation on the view that the shares are not expensive on fundamentals and have reasonable upside on an alternative scenario.RAMONA TIPNIS| SHORE CAPITALThe elimination of losses in Kesa’s developing markets is continuing apace (as it is at Dixons). We retain forecasts for now and reiterate our ‘sell’ recommendation as performance across the group has been as expected. The UK accounts for over 25 per cent of sales but is a very small portion of profits and this needs to show a step change.KEITH BOWMAN | HARGREAVES LANSDOWNWhen balancing recent share price strength against still intense competition and accompanying cautious management comments, market consensus opinion currently denotes a ‘hold’. Half-year profits have exceeded forecasts, aided by a management focus to increase online sales. A previously announced strategy to emulate many of the initiatives being pursued by rival DSG has also played its part. Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Tags: NULLlast_img read more

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Morgan Stanley latest giant to spin off prop trading unit

first_imgMonday 10 January 2011 9:09 pm KCS-content 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 Share whatsappcenter_img Tags: NULL whatsapp MORGAN Stanley yesterday agreed a deal with Peter Muller, the head of its proprietary trading desk, enabling the unit to spin off into a separate company by the end of next year. Muller, who founded the desk when he joined the bank 18 years ago, will take the full team of 60 employees with him, to the new firm to be called PDT Advisors – standing for Process Driven Trading Advisors. Morgan Stanley plans to keep a stake in the firm and will continue to provide it with trading and prime brokerage services, but the move will allow PDT to find external investors for the company. The new arrangement follows a host of similar moves across Wall Street due to the Volcker rule – part of the Frank-Dodd reform act – designed to curb excessive risk-taking, by banning US banks from trading with their own money, and limiting their investments in private equity and hedge funds. Peer Goldman Sachs’s head of proprietary trading is leaving to set up a separate fund. Muller said yesterday he was “excited” about the move – which is likely to enable more adventurous trading strategies – than in its current form as part of a heavily regulated bank. More From Our Partners Russell 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.orgKiller 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.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.org Morgan Stanley latest giant to spin off prop trading unit last_img read more

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