American Apparel founder Dov Charney fired from clothing brand for good

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo American Apparel founder Dov Charney fired from clothing brand for good American Apparel has finally said farewell to its founder and former chief executive Dov Charney, and appointed its first female chief executive in his place. The clothing brand first tried to push Charney out of the door back in June after an internal investigation found that his well-documented behavioural issues threatened to undermine the business. But after Charney, who has had a number of sexual harassment lawsuits filed against him, threatened to sue the company for what he called an “illegitimate” investigation, he was brought back as a “consultant” while an independent inquiry got to work. It came to pretty much the same conclusion: though Charney has never been found guilty of sexual harassment, his conduct is nevertheless bad for business. In the original findings it was alleged he had engaged in sexual harassment of company employees, misused company funds to both cover up his misdeeds and pay for personal expenses, and made racist remarks to his employees (among other unsavoury acts). The letter of termination told him: The resources American Apparel had to dedicate to defend the numerous lawsuits resulting from your conduct, and the loss of critical, qualified company employees as a result of your misconduct are also costs that cannot be overlooked. Indeed, many financing sources have refused to become involved with American Apparel as long as you remain involved with the Company.  From 5 January, Charney will be replaced by Paula Schneider as chief executive. Schneider has a wealth of experience in working with global fashion brands including Warnaco, Gores Group and BCBG Max Azria. In commenting on Charney’s official dismissal, co-chairman of the board Allan Mayer said: “We’re pleased that what we set out to do last spring – namely, to ensure that American Apparel had the right leadership – has been accomplished.” Show Comments ▼ Joe Hall whatsapp Share whatsapp Wednesday 17 December 2014 6:54 am Tags: NULLlast_img read more

Co-op Bank gets set to reject even more businesses – but is its ethical policy viable?

first_imgTuesday 20 January 2015 8:53 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online GameUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive Supplement whatsapp Tags: The Co-operative Group Show Comments ▼ How seriously do we take this? Pretty seriously.” So says the stern man getting “ethics and values” tattooed on his back in the Co-op Bank’s cinema ad boasting about its ethical policies.Even more serious than a tattoo – which was not actually tattooed on to the actor, by the way – is the fact that the Co-op has refused to lend £1.4bn to customers who do not meet its ethical standards. And the bank yesterday pledged to tighten its policy further, ending lending to any fracking firms it believes have damaged the environment, payday lenders, and irresponsible gambling firms, among others. The new rules will be applied retrospectively, too, so the bank will root through its back book of loans to kick out anyone it does not like. The Co-op Ethics & Values tattoo It is a major undertaking, and an expensive one. Given customers do not change banks very often, can maintaining and enhancing an ethical reputation really be worth the hassle? It is a particularly important question when the Co-op Bank is in trouble – it had to be sold to private equity firms after making crippling losses – and really needs to shore up its reputation. “There was at the time of that takeover, some very considerable questioning of whether a private equity firm would actually be at all interested in ethical business,” said Peter Montagnon from the Institute of Business Ethics. “They said they would, so it is interesting the Co-op is now reinforcing that approach. They need to solidify their presence by cultivating that image.” So in one sense, it is an issue of survival for the bank. They lost some customers in their near-collapse, with clients like councils closing their accounts – some had been burned when the Icelandic banks failed, and others were automatically stopped from investing in the Co-op when its credit rating was slashed. But there are also future risks which the Co-op is well prepared for, as customers become increasingly vocal about firms they dislike. “The big prize is the emerging  future consumer, the millennials – they know they can bring a brand down with a tweet,” said brand strategist Craig Wills from The Gild. “Brands associated with green, sustainability and trust sell more products than brands that don’t stand out as ‘good.’ Millennials not only are capable of seeing right through ‘greenwashing,’ or false promises; they actively punish ‘bad’ brands or brands simply not doing any good.” Perhaps the main advantage the Co-op has is simply the classic commercial goal – nobody else is doing this. Banks all have a bad name, at least in circles which are getting worked up about fracking, so it might hope to face relatively little competition in this part of the market. “They have a brand which has for a long time been associated with ethical behaviour.  They know it is a way to attract loyal customers from a market segment that interests them,” said Montagnon. “They know there is a price, as they will forgo some business. But some of those businesses may be relatively risky, so it would not fit with  a conservative lending policy.” “So the sacrifice may not be that great. Is there a commercial rationale here? Yes.”  center_img Share More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell 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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKansas coach fired for using N-word toward Black playerthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.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.com Express KCS Co-op Bank gets set to reject even more businesses – but is its ethical policy viable? last_img read more

Britvic share price rebounds despite falling revenues

first_img Investors shrugged off last quarter’s declining revenues at Britvic yesterday as the company reported a 0.4 per cent drop in group revenue to £304m compared to a year earlier.Despite the decline, shares rebounded by 6.58 per cent as the company said it would still hit profit targets.  Its stock has endured a difficult 12 months, falling from a peak of 778p per share last February. The company, well known for its Robinsons brand, suffered in its domestic British market with sales down three per cent to £73m on the year, while overall international sales, excluding France and Ireland, were down 3.6 per cent to £11m.  France and Ireland provided some relief, however, with sales up 2.3 per cent and 2.8 per cent to post revenues of £53m and £33m, respectively.  Growth in France helped to increase market share in the syrups, juice and kids categories with Teisseire Fruit Shoot building on its number one position in the kid’s category.  The decline in UK revenue was driven by a fall of 0.8 per cent in sales volumes, with UK still drinks contributing to most of the decline, down 2.8 per cent on the year whilst UK carbonated drinks fell 0.2 per cent. The results were in line with expectation guidelines issued by the company last November. Chief exec Simon Litherland said: “While we expect the trading environment to remain challenging, we have strong marketing plans and a significant innovation pipeline in place for 2015”.   Share Express KCS Show Comments ▼ Britvic share price rebounds despite falling revenues Britvic said it did not expect trading to improve until restrictions on hospitality are lifted Tuesday 27 January 2015 8:50 pm whatsapp Tags: Britvic Company whatsapplast_img read more

Eurozone investor sentiment steadies despite Greece fears

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Liketrendybuzz7 Things That Happen To Your Body If You Sleep on Your Left SidetrendybuzzMaster Degree in UK | Search AdsGetting a Master Degree in the United Kingdom Might be Easier Than You ThinkMaster Degree in UK | Search AdsSportsSpotterCat Brings Home Money Every day Until One Day The Police Shows UpSportsSpotterManuka FeedHow to Make Remedy From Salt and Olive Oil to Say Goodbye to Joint PainManuka FeedmylovelymalinoisEx-Police Dog Keeps Barking At The Tree, resulting in A Discovery Of Something Shocking | My Lovely MalinoismylovelymalinoisZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldWorld of sportTop 20 Healthiest Cities in America in 2021World of sportPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryOutside MylovelymalinoisNobody Wants Cancer, 5 Signs to Pay Attention ToOutside Mylovelymalinois Share Read This NextBest Wine Gifts & Wine Accessories at Every PriceGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe 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’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap whatsapp Tuesday 5 May 2015 12:24 am whatsappcenter_img THE UPTURN in Eurozone investor sentiment stabilised in May, according to survey figures released yesterday.Sentix research group’s index tracking investor sentiment hit 19.6 in May, down marginally on April’s 20. However, it remains high compared to January, when the index scored just 0.9.The figure is derived from a survey of nearly 5,000 investors.“All in all, this development is a signal that the recovery in the currency union stabilises,” said Sebastian Wanke, a senior analyst at Sentix.“Worthy of noting is also that the stabilisation of the recovery unfolds against the backdrop of a still unclear future for Greece.” The biggest rise in sentiment was in Austria. Sentix said the index tracking Austria had improved significantly as tensions surrounding the Ukraine conflict eased and the economy in eastern Europe picked up, helping to boost the overall mood in the Eurozone. Show Comments ▼ Eurozone investor sentiment steadies despite Greece fears Tags: NULL Express KCS last_img read more

Deutsche could see investors revolt at AGM

first_img Express KCS Thursday 7 May 2015 9:30 pm whatsapp Show Comments ▼ whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe 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’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Kevin Can F**k Himself’ TV Review: Annie Murphy Blows Up the Idea of aThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrapcenter_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLivestlyThe Best Redhead Actresses, RankedLivestlyTotal PastThis Was Found Hiding In An Oil Painting – Take A Closer LookTotal PastTotal Battle – Tactical Game OnlineThe Most Addictive Strategy Game of 2021Total Battle – Tactical Game Online DEUTSCHE Bank is facing an uphill battle at its annual general meeting (AGM) later this month, as a new note from an influential adviser has urged investors to reject the German bank’s management board. ISS told Deutsche shareholders not to approve the board’s actions in 2014, citing its failings in the Libor rigging scandal and its co-chief executive’s involvement in a fraud trial. Deutsche Bank paid a record $2.5bn (£1.62bn) Libor fine last month, while co-chief executive Jurgen Fitschen appeared in court last week but denied the charges against him. Fitschen, along with fellow co-CEO Anshu Jain, have come under pressure to take some responsibility for the huge hits from Libor related fines.“The bank’s unsatisfactory risk management [of] Libor-related issues — including the level of co-operation with investigating bodies . . . directly led to larger penalties and thus larger losses for shareholders — for which the management board bears ultimate responsibility,” ISS wrote in a note printed in the Financial Times.Nevertheless, ISS also said that Deutsche Bank was not the only bank to encounter difficulties with regulators, adding that neither the bank’s management nor its supervisory board had been found to have “any knowledge of misconduct [in relation to Libor] at the time it was taking place.”The adviser added that Deutsche shareholders should not withhold their approval of the bank’s supervisory board, as many of its members joined after the Libor-related wrongdoing finished. Deutsche could see investors revolt at AGM Tags: NULLlast_img read more

London house prices: Growth in the capital slows to lowest rate since 2012

first_imgUK house price growth slowed to 5.5 per cent in the year to May, according to data published today by the Office for National Statistics (ONS).London’s market was particularly subdued, falling to 4.3 per cent – the capital’s lowest figure since October 2012. Read more: Average property price in Kensington and Chelsea rises by £486,000 in one monthThe figuresThe growth was notably slower than the 9.6 per cent recorded in the year to April. As ever, the engine for price rises was in London and the South East – excluding these regions, the figure dropped to a more modest five per cent.The average house price rose by 5.8 per cent in England, 1.3 per cent in Wales, 2.2 per cent in Scotland and 8.8 per cent in Northern Ireland.The monthly (seasonally adjusted) figures showed prices fell by 1.3 per cent between April and May.Why it’s interestingThe data makes it clear that the market is continuing on a steady path, with last summer’s highs looking like a surge rather than a prolonged trend.That said, the ONS releases its data later than other indexes, and more recent indexes show the market is in a solid, but not spectacular, period of increases. Data from Rightmove – which uses asking prices rather than mortgage approvals – showed a 0.1 per cent drop in May followed by a robust three per cent jump in June.Jonathan Samuels, chief executive of Dragonfly Property Finance, said the Rightmove figures were likely to be on the money.As Rightmove showed earlier this week, asking prices have risen further and it’s hard to see this trend reversing with so few properties coming onto the market.It said London’s impressive growth this month was driven partly by an alleviation of fears over the mansion tax. What the analysts saidHoward Archer of IHS Global Insight said the ONS figures should be taken in the context of more bullish recent data:We currently expect house prices to increase six per cent in 2015 (which is an upward revision of our previous forecast of a five per cent rise). We currently see house prices rising by around five per cent in 2016. There is an upside risk to these forecasts coming from the current lack of properties coming on to the marketIn shortMore recent figures show a London rebound, but it will be interesting to follow the ONS’s data to see how the measures align.  Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesUndoComedyAbandoned Submarines Floating Around the WorldComedyUndoTotal Battle – Tactical Game OnlineAdvertisement The Most Addictive Strategy Game of 2021Total Battle – Tactical Game OnlineUndoEliteSinglesThe Dating Site for Highly-Educated Singles in ScottsdaleEliteSinglesUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndo Tuesday 16 June 2015 5:03 am London house prices: Growth in the capital slows to lowest rate since 2012 whatsapp Share whatsapp Billy Ehrenberg Tags: UK house priceslast_img read more

Sky says markets watchdog must look at BT Openreach

first_img Charlotte Henry Henry Show Comments ▼ Sky wants media regulator Ofcom to launch a full investigation into the UK’s broadband market and get the competition watchdog involved.Yesterday, Sky published the evidence it has submitted to Ofcom, which highlights what Sky considers to be the low quality service offered by BT’s Openreach division, which runs the UK’s telecoms network. Sky’s broadband customers rely on access to the Openreach network, but the company said they are regularly failed by Openreach.Sky argues that it takes 10 days or longer for Openreach engineers to attend 90 per cent of new line installations, with Sky customers’ fitting dates changing 36,000 times a month, in the year to March 2015.Other complaints include Openreach’s long repair times. Sky believes BT does not invest enough in Openreach, which it said subsequently meant that service innovation is stifled. The so-called final mile of cabling which delivers broadband into people’s homes, and is critical in determining the browsing speed users get, is still done by copper wire, which is much slower than fibre optic cabling.Sky’s chief strategy officer Mai Fyfield said:Ofcom should move quickly to ask the Competition and Markets Authority to undertake a full competition inquiry.BT hit back last night and said:The forthcoming Ofcom review is an important piece of work so it is disappointing that Sky are engaging in selective spin rather than constructive dialogue.A BT spokesperson added that it has passed all sixty of the Openreach service targets it was set by Ofcom. Share whatsapp Tuesday 30 June 2015 5:17 am Sky says markets watchdog must look at BT Openreach Tags: BT Group Company Sky More From Our Partners Sidney Crosby, Alex Ovechkin are graying and frayingnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com whatsapplast_img read more

FTSE wipes all 2015 gains as commodity stocks take a tumble – London Report

first_img whatsapp Monday 27 July 2015 8:46 pm whatsapp FTSE wipes all 2015 gains as commodity stocks take a tumble – London Report The FTSE fell back to where it started this year, erasing all its gains made since January, down 8.4 per cent since hitting a record high in April. The blue-chip FTSE 100 index ended 1.1 per cent lower at 6,505.13 points, in its longest losing streak so far in 2015. Fears for economic growth in China, the world’s biggest metals and energy consumer, have hit mining stocks and oil prices, with commodity stocks accounting for more than 20 per cent of the FTSE’s market capitalisation. Oil hit four-month lows yesterday after Chinese stock markets fell more than eight per cent. This in turn pushed down shares in BP and Royal Dutch Shell. Read more: Commodities plunge to 13 year-low Merlin Entertainment dropped 4.3 per cent after a profit warning, following its Alton Towers tragedy. Financial Times-owner Pearson also took a slide, falling by 4.8 per cent, making it the worst performing FTSE 100 stock in percentage terms. The firm was hit by several brokers cutting their price targets on the company, which also announced talks to sell its 50 per cent stake in the Economist magazine.  Express KCS Show Comments ▼ Tags: Company FTSE 100 Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com last_img read more

Greek shares plummet as the Athens Stock Exchange reopens

first_imgMonday 3 August 2015 2:24 pm Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Show Comments ▼ Share Tags: Greek debt crisis Jessica Morris center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoTaco RelishKate & Meghan Are Very Different Mothers, These Photos Prove ItTaco RelishUndoArticles SkillHusband Leaves Wife For Her Sister, Not Knowing She Won The Lottery Just Moments BeforeArticles SkillUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoTotal PastThis Was Found Hiding In An Oil Painting – Take A Closer LookTotal PastUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndo whatsapp whatsapp Greece’s main stock index continued to haemorrhage today after the cash-strapped country’s markets were opened for the first time in five weeks.By this afternoon the Athens Stock Exchange had recovered slightly from the earlier sell-off and was down 16.3 per cent at 667.46 points. It posted its worst ever one-day performance after only a few minutes of trading this morning, plummeting 22.86 per cent. Banks bore the brunt of this following reports that the Greek government sought €10bn (£7bn) for an initial recapitalisation of Greek banks as part of a first tranche of bailout aid from creditors. This would be bad news for their shareholders because it reduces the value of existing shares.Of the Greek lenders shares in both Piraeus Bank and Eurobank were down 30 per cent this afternoon, while Alpha Bank shed around 24 per cent.Read more: Greek shares anticipated to plunge as much as 20 per cent when stock exchange reopens”Most of the selling pressure is seen in bank shares, where there is about €100m worth of unexecuted selling orders,” said investment adviser Theodore Mouratidis.”There may be some more slide in store for (Tuesday) unless buyers emerge later in the session.”European shares stayed resolute in the face of the Greek stock market turmoil, with the Stoxx 600 up 0.84 per cent to 399.68 points in mid-morning trade.Market pundits had been expecting today’s sell-off, with many saying they thought all equities would dip into negative territory.The exchanges had been shut down on 26 June, ahead of the government’s imposed capital controls to stop the possibility of capital flight from the country. Greek banks had also been closed for three weeks, however they reopened on 20 July. Greek shares plummet as the Athens Stock Exchange reopens last_img read more

Aga shares heat up over rival bid from Whirlpool

first_img Aga shares heat up over rival bid from Whirlpool Share whatsapp Wednesday 2 September 2015 4:54 am SHARES in Aga Rangemaster, the upmarket oven-maker, shot up by almost 10 per cent yesterday after appliances giant Whirlpool gatecrashed its agreed £130m takeover by fellow US company Middleby.The firm, whose iconic iron stoves are synonymous with the British middle class, confirmed yesterday it has received an approach regarding a possible cash offer from Whirlpool and that it has agreed to open its books. However, the board said it still recommends that investors accept Middleby’s offer and confirmed it will be pushing ahead with the takeover given that Whirlpool’s offer could fall through. “The making of a firm offer by Whirlpool remains subject to a number of conditions and there is no certainty that any offer will be forthcoming or as to the terms of any offer,” Aga said.The 76-year-old company, which is saddled with a hefty pension deficit, confirmed the 185p per share offer by US manufacturer Middleby in July. The sale was set to be approved by shareholders on 8 September. However, it said it could adjourn a meeting to sanction the Middleby takeover if it received an offer from Whirlpool that it could recommend to shareholders.Aga’s shares jumped by 9.76 per cent to 201p on the news, while Whirlpool’s went down the drain, shedding 4.6 per cent in New York yesterday.Earlier this month, Aga reported a 1.5 per cent rise in revenues to £125.4m in the first half of the year, with operating profits up 17 per cent to £2.8m. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap Tags: NULL whatsapp Show Comments ▼ Express KCS last_img read more