RSA bid for Aviva units “not dead”

first_img 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 AthletesBetterBeautooverload.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 Share IGNIS Asset Management, an institutional shareholder in both Aviva and RSA, said a deal between the two insurers remained possible although RSA would have to raise its bid proposal for some Aviva units.Ignis owns roughly 0.5 per cent of Aviva’s share capital and around 1.5 per cent of RSA’s share capital.RSA said it was open to talks with Aviva after it rejected RSA’s £5bn bid proposal for some of Aviva’s main general insurance businesses.“I think the deal definitely remains possible,” Ignis Asset Management investment manager Martin Brown said.Brown said RSA’s approach undervalued the Aviva businesses.However, he added RSA would not necessarily have to raise its bid approach by much in order to oblige Aviva to put the proposal to its shareholders and for a deal to remain accretive for RSA’s own shareholders.“There’s no reason for the deal to be dead other than for RSA to be unwilling to pay more, but RSA would not have to raise its offer by much for Aviva to be obliged to consider it. “A ten per cent increase might be enough to persuade Aviva to consider it, or to oblige Aviva to put it to its shareholders.” Friday 20 August 2010 5:59 am whatsapp John Dunne center_img RSA bid for Aviva units “not dead” whatsapp 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 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

Thomas Cook and Co-op in holiday business merger

first_img Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’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 Wrap Thomas Cook Group and The Co-operative Group have agreed a merger of their high street travel and foreign exchange businesses. The deal will create the UK’s biggest high street travel operation with 1,200 shops.It is estimated that the pair can save a total of £35m in costs through the agreement.Under the merger, Thomas Cook and The Co-operative Travel will have a combined base of 4.3m customers. John Dunne Show Comments ▼ The pair estimate that its retail businesses will deliver operating profit of £12.4m and £0.1m for the twelve months ending 30 September 2010 and 1 January 2011. Thomas Cook and Co-op in holiday business merger Thomas Cook will have 70 per cent of the shares in the new company and the Co-operative Group will have a 30 per cent. No cash will change hands.Thomas Cook Group CEO, Manny Fontenla-Novoa will serve as Chairman, Ian Derbyshire will serve as chief executive and Paul Hemingway as finance director.Fontenla-Novoa said: “This transaction represents a significant consolidation opportunity in the UK travel market and, by joining forces, we will create the country’s largest high street travel network and reach a far wider customer base. “By consolidating the high street in tandem with delivering on our existing e-commerce targets, we are realising our strategic aim to increase in-house distribution and strengthening our proposition to consumers.” Friday 8 October 2010 2:39 amcenter_img whatsapp whatsapp 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 Tags: NULL Share last_img read more

BHP Billiton

first_img Tags: NULL whatsapp IT is the twelve billion dollar question: how do you spend your massive cash pile when every bid you make goes wrong? BHP Billiton blew $350m (£218m) of fees on its failed pursuit of Potash, having already spent some $75m on its aborted iron ore joint venture with Rio Tinto. Once bitten but twice shy, the mining giant has now decided to restart its $4.2bn share buyback programme. Some investors will be relieved that the miner walked away from the Potash deal: many were concerned that Marius Kloppers would sweeten his offer too much, kicking earnings accretion well into the future. Canada and Potash had extracted so many concessions and guarantees – on jobs, domicile, and investment – that BHP had little room for manoeuvre on cost cuts. BHP has to do something with the cash that is burning a hole in its balance sheet, but the $4.2bn buyback is comparatively small beer: at the end of June, BHP had a cash pile of $12.5bn. Analysts expect further buybacks in the future, but we hope this isn’t a long-term strategy. Buying back shares or debt suggests that management has lost its appetite for big deals – which add more value in the long run – or at least that acquisitions have been put on the backburner. Here’s hoping it’s the latter. Monday 15 November 2010 8:49 pm KCS-content BHP Billiton whatsapp Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharelast_img read more

Quantas Airbus fleet “weeks away” from flying

first_img Share Tags: NULL John Dunne Qantas Airways likely faces several more weeks before its fleet of six Airbus A380s can return to service threatening to squeeze its capacity as it heads into the busy Christmas season.The delay also indicates Rolls-Royce will need more time than Qantas expected to resolve the engine issue, which led to a November 4 oil fire and explosion on a Qantas jet with 466 people on board shortly after it departed Singapore for Sydney.Qantas immediately grounded its fleet of Airbus A380s – the world’s largest passenger plane with a list price of around $350m (£218m) each –pending an investigation, but has no deadline on the process after several initial indicative deadlines by the airline passed.“It’s a very complex process and it’s still in the early stages,” a source told Reuters.“I expect Rolls-Royce and Qantas are still several weeks away from putting together an action plan and its documentation,” said the source, who asked not to be named because they were not authorised to discuss the issue.Rolls-Royce and Qantas shares have suffered since the accident, both losing more than seven per cent since 3 November.Rolls-Royce, which has said little publicly about the investigation, last week announced that the failure was confined to a specific component in the turbine area and it would replace the relevant module according to an agreed programme.A Qantas spokeswoman said the airline had no time schedule to put the A380 back in service and it remained engaged with Rolls-Royce to resolve the issue. More From Our Partners Astounding 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.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller 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?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndocenter_img Show Comments ▼ Friday 19 November 2010 2:41 am Quantas Airbus fleet “weeks away” from flying whatsapp whatsapplast_img read more

Brisa may buy back shares

first_img Show Comments ▼ Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity 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 whatsapp Portuguese motorway operator Brisa may buy back its own shares in the market soon and will maintain its dividend policy for the next five years, the company said in a statement yesterday. In the document, Brisa outlined some strategic guidelines, including the “possibility of, in the short term, acquiring treasury shares up to the limit of 10 per cent” of its capital. Brisa already holds own stocks equivalent to about 4 per cent of its capital. Some analysts had expected a special payout after Brisa sold its 16.35 per cent stake in Brazil’s CCR for a net €1bn earlier this year. The company said it will maintain a stable dividend policy in line with previous years. Monday 22 November 2010 5:51 amcenter_img 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 Share KCS-content Brisa may buy back shares whatsapplast_img read more

Game Group profits to be hit by discounts

first_imgWednesday 8 December 2010 3:06 am Tags: NULL John Dunne Game Group profits to be hit by discounts Computer games retailer Game Group said profit margins would fall by more than expected this financial year as it cut prices to retain share in a market being targeted by grocers and other retailers.Game, which trades from over 1,300 outlets in nine European countries and Australia, said on sales trends had improved in recent weeks, helped by new title launches, and that it had maintained a leading market share for the two key new games “Call of Duty: Black Ops” and “FIFA II.”The group also said it had high hopes for Microsoft Corp’s Kinect motion-sensitive gaming platform, which Tesco tipped to be a top-seller this Christmas.However, Game said that in order to remain competitive it now expected profit margins to fall by between 160 and 190 basis points this financial year, more than its previous guidance for a decline of about 100 basis points.“As we enter the key Christmas period, we have seen some positive indicators in the market,” it said.“However, the ongoing weakness in the market performance of hardware and casual gamer products means that we are maintaining our cautious outlook for the remainder of the current financial year.”Sales at stores open at least a year were down 4.6 per cent in the 18 weeks to 4 December, including a decline of 7.6 per cent in Britain and Ireland and a 0.5 per cent rise overseas.For the 44 weeks to 4 December sales on the same basis were down 7.9 per cent, with declines of 12.2 per cent in Britain and Ireland and 1.5 per cent abroad. Show Comments ▼ Share whatsapp More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapplast_img read more

HEFNER TAKES PLAYBOY PRIVATE

first_img KCS-content Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald HUGH Hefner, the founder and flamboyant publisher of the magazine best known for nude centrefolds, has taken the business private in a deal valuing it at $207m (£133m). Monday 10 January 2011 8:51 pm HEFNER TAKES PLAYBOY PRIVATE center_img whatsapp Tags: NULL Show Comments ▼ More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com whatsapplast_img read more

Swiss police divert train to arrest Davos protesters

first_img Swiss police divert train to arrest Davos protesters Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndo Sunday 30 January 2011 10:22 pm KCS-content Share Show Comments ▼center_img ANTI-capitalist rioters overran one of the main train stations in Davos over the weekend, protesting that the World Economic Forum (WEF) was a platform for business and political leaders that “exploit the planet”.Delegates on their way home from the conference had to go around the crowd as the protesters clashed with riot police armed with both rubber bullet shotguns and handguns.Despite their enthusiasm, however, the protesters numbered fewer than the 2,500 delegates to the WEF. Having boarded trains to leave Davos, protestors handed out leaflets saying: “Worldwide heads of state are meeting in Davos in order to celebrate themselves and advance global exploitation and oppression. The trail of destruction stretches over the entire planet.”One train carrying protesters out of town was diverted and held for nearly an hour as armed police with their faces covered boarded and arrested passengers. They held them in the snow and sub-zero temperatures for searches before taking them to police stations and questioning them over the course of three hours. whatsapp whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tags: NULLlast_img read more

German and French GDP growth lower than expected

first_imgTuesday 15 February 2011 4:09 am More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.com Tags: NULL whatsapp whatsapp Show Comments ▼ The French and German economies expanded by less than expected in the fourth quarter, data showed on Tuesday, suggesting the euro zone may not have accelerated out of a third-quarter slowdown.Economists have forecast that the euro zone economy as a whole grew by 0.4 per cent in the final three months of 2010, after 0.3 per cent in the third quarter and 1.0 per cent in the second. The French and German economies make up almost 50 per cent of the single currency bloc.German gross domestic product increased by 0.4 per cent, against expectations of a 0.5 per cent rise and a deceleration from the 0.7 per cent growth registered in the third quarter.In France, the expansion was 0.3 per cent, half the expected increase, and the same level as in the July-September period. Economists had been expecting growth in the euro zone’s second largest economy to return to the 0.6 per cent in the second quarter.French Economy Minister Christine Lagarde said she hoped for stronger growth in the first quarter and maintained the government’s forecast for expansion this year of two per cent.Snow and icy weather may have played a role. Construction in particular was hit hard and can be expected to rebound.“This won’t last, it’s not the end of the recovery. The winter weather slowed things down and we should see a higher rate of growth in the first quarter,” Commerzbank economist Christoph Weil said, referring to the German economy.Growth in the third quarter tempered after a very strong April-June period – when the German economy powered ahead by 2.2 per cent quarter-on-quarter.French analysts were less upbeat about their economy despite Lagarde’s upbeat prognosis.“This fairly mediocre figure confirms France is on a path of sluggish growth,” said Alexander Law, chief economist at Xerfi“At the end of the day, if we take out technical and one-off elements, France is on an annualised growth rhythm of 1.2 per cent.” Share German and French GDP growth lower than expected John Dunne last_img read more

Game Group looks online to stem the tide of falling sales

first_img Game Group looks online to stem the tide of falling sales Wednesday 16 February 2011 8:14 pm More From Our Partners Fans 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.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Show Comments ▼ Share 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 ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal 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 ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald whatsappcenter_img whatsapp KCS-content Tags: NULL THE new chief of video games chain Game said yesterday his strategy to cope with the trend away from buying physical games would be to concentrate on online sales.Ian Shepherd said he plans a “step change in our online revenues”. However he admitted that a large chunk of the £15m cost savings the group aims to make in the next year would be eaten up by the move, lowering profit margins by around one per cent.Shepherd added, however, that over the next three years he expects the changes he will introduce will be “profit enhancing”.Game also said it had agreed a new £160m borrowing facility out to May 2014.Game Group also signed a partnership with Microsoft earlier in the month to sell a range of downloadable games in UK stores.At least 30 downloadable games and extras, priced from as little as £2.04, will be sold from units in 40 Game stores as part of a six-month trial. The release of hit games such as Call of Duty: Black Ops have failed to lift sales at the group which saw a 2.1 per cent slide over Christmas. That was blamed on the grim weather as shopper numbers dived, while download sales marched on. last_img read more