GM files for IPO and plots dual listing

first_img General Motors took a big step towards repaying a controversial taxpayer-funded bailout by declaring plans for a landmark stock offering that represents a critical test for the Obama administration.The car maker said it planned to list the shares on the New York Stock Exchange and the Toronto Stock Exchange in an initial public offering that comes amid a still-weak global market for cars that is vulnerable to a further downturn.The Obama administration wants to be able to cast its $50bn (£32.1bn) GM bailout as a financial success in the face of public scepticism and Republican political opposition but some analysts are still wary of the offering.GM’s IPO could be the biggest since Visa Inc’s $19.7bn March 2008 offering, and could raise up to $20bn, though analysts cautioned that its size depends on still-untested investor demand for a restructured automaker with only two consecutive quarters of profits.GM’s initial filing with U.S. securities regulators did not say how many shares would be sold or give an expected price range for the IPO.“We’re looking at a second half that is potentially weaker than the first half,” said Dennis Virag, president of Automotive Consulting Group. “That could certainly hurt the sale of the shares.”“I don’t think this is a good time to be going public,” Virag said. “It’s more political than practical.”Trading in GM shares is expected to start between late October and the U.S. Thanksgiving holiday on November 25, according to people involved in the process. A stock offering in late October would mean trading would start just before the November congressional elections.Government officials and GM executives have repeatedly denied any link with the elections.The 102-year-old onetime blue chip is expected to return to the NYSE under the “GM” ticker symbol it had before the government-funded bankruptcy.Adding a stock listing in Toronto underscores the role the governments of Canada and Ontario played as junior partners to the U.S. Treasury in keeping GM from liquidation.The long-running confidential preparations for the IPO were dubbed “Project Dawn” by the group of bankers, Treasury officials and GM executives led by Chief Financial Officer Chris Liddell.GM Chief Executive Ed Whitacre, who steps down at the start of September, has said the automaker needs to distance itself from government ownership and the label “Government Motors” to build momentum in its turnaround.“I just think that the risk of failure with the IPO is bigger than the risk of being known as Government Motors,” said Brad Coulter, a restructuring specialist at O’Keefe & Associates. Show Comments ▼ Thursday 19 August 2010 2:48 am whatsapp John Dunne Share whatsapp 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 HeraldUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.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 GM files for IPO and plots dual listing Tags: NULLlast_img read more

FSA says banking trading warrants tougher action

first_imgWednesday 25 August 2010 9:01 pm KCS-content ENDING the regulatory dividing line between a bank’s trading and core books would price risk better and help avoid public bailouts sparked by the financial crisis, the markets watchdog said yesterday.The Financial Services Authority unveiled a 126-page discussion paper looking at approaches to tightening up the rules, that would prevent banks from exploiting differences in the amount of capital they must hold against losses in their trading and banking books. Paul Sharma, FSA director of prudential policy, said: “The financial crisis has highlighted that, for trading activities in particular, an over-reliance on the principles of efficient financial markets can lead to severe consequences when risks are misunderstood.” whatsapp Tags: NULL Share Show Comments ▼ whatsapp FSA says banking trading warrants tougher action More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comWhy people are finding dryer sheets in their mailboxesnypost.comlast_img read more

Dubai Holdings delays $555m loan repayment

first_img Show Comments ▼ DUBAI Holding’s main unit will delay repayment on a $555m (£361.4m) loan until 30 November, the company said yesterday, the second time it has failed to meet a repayment deadline.DHCOG, a unit of the conglomerate owned by the Gulf Arab emirate’s ruler, took a big hit on its exposure to Dubai’s property crash.The company said in June it may resort to asset sales to deal with its debt after posting a $6.2bn loss for 2009. Its assets include Jumeirah hotel group and business parks.DHCOG was due to repay the $555m loan yesterday, having already extended it for two months in July. Market participants had expected the move.“The restructuring and rescheduling of debt is still in progress,” Haissam Arabi, chief executive and fund manager at Gulfmena Alternative Investments said.Concerns about the overall debt burden of Dubai’s state-linked companies mounted after Dubai announced a standstill on repaying $26bn in debt as it restructured conglomerate Dubai World. It unveiled a $9.5bn rescue plan for the firm in March. The $555m revolving credit is the drawn part of a $1bn loan that was agreed in 2007. Tags: NULL whatsapp Tuesday 7 September 2010 10:54 pm Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’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 ProofTortilla Mango Cups: Recipes Worth CookingFamily 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proofcenter_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Dubai Holdings delays $555m loan repayment whatsapp Sharelast_img read more

PotashCorp mulls Chinese consortium bid to rival BHP

first_img 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof PotashCorp mulls Chinese consortium bid to rival BHP Show Comments ▼ Share whatsapp KCS-content center_img 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 StrangersNoteableyPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe 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.com Tags: NULL Thursday 16 September 2010 8:57 pm CANADA’S PotashCorp has approached a number of parties in China over putting together a consortium to counter miner BHP Billiton’s $39bn (£25bn) hostile takeover bid.PotashCorp, which has made no secret of its attempts to woo white knight bidders since it rejected BHP’s approach last month, is understood to have considered combining a large capital element from a Chinese resource firm or investment fund with smaller contributions from international sovereign wealth funds and possibly Canadian investors.Rival potash firm Mosaic could also be part of the consortium, according to a Canadian newspaper report.However, any bid from China would first have to secure regulatory clearance from Canadian authorities, who have expressed concern at handing over such an important state asset.Sources close to PotashCorp said that the company is in ongoing discussions with the state over the provenance of potential bids, which would each have to be assessed on their individual merits.The deadline for BHP’s offer is 19 October. last_img read more

Porsche posts record revenues

first_img Share German sports car maker Porsche saw car sales in Europe and North America edge higher for the full-year, but the company said it sold 3.5 per cent fewer cars in its German home market in the 12 months through the end of July. Its overall car sales gained 8.8 per cent as sales in China almost doubled to 11,724 units. Revenues rose 17.9 per cent to a record €7.79bn (£6.7bn). Show Comments ▼ Tags: NULL Porsche posts record revenues whatsapp KCS-content whatsapp 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 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 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Wednesday 29 September 2010 11:21 pmlast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img Speechly BirchamThe law firm has appointed Jonathan Crawford as a partner in its corporate practice.Crawford joins from Mayer Brown, where he was also a partner in the London corporate group. He specialises in the financial services sector, where he has a wealth of previous experience of large, often cross-border, transactional work including mergers and acquisitions and joint ventures.BNP ParibasThe French bank’s corporate and investment banking division has appointed Bob Fernandez as head of debt capital markets in the central and eastern Europe, Middle East and Asia (CEEMEA) region.Fernandez, who will now lead BNP Paribas’ recently-expanded DCM team in London, was most recently head of Standard Bank’s cross-border and domestic origination team in Africa.Lyxor Asset ManagementThe exchange traded funds (ETF) specialist, a wholly-owned subsidiary of Société Générale, has appointed Andrew Walsh as director of UK institutional sales. Walsh previously worked in equity cash sales at SocGen for five years, and with HSBC in London and New York for ten years.Lyxor manages the second-biggest range of ETFs in Europe, with €35bn (£30.6bn) in assets under management.Wolters KluwerThe risk and compliance provider to banks and insurers has appointed two financial crime experts in London.Steve Hancock joins as director of regulatory and financial crime programmes, having previously held the role of global money laundering prevention head at Prudential.Toni Sless joins as a financial crime product specialist and moves over from UK Payments Administration (formerly APACS), where she was a fraud project manager.Aga RangemasterThe kitchen range-maker has hired Jonathan Carling as a non-executive director. Carling is currently chief operating officer at Aston Martin Lagonda.He replaces board director Peter Tom, the chairman of Leicester Tigers rugby club, who steps down after six and a half years at the group.ValadThe real estate investment manager has appointed Robert Howe as head of UK real estate. Howe was formerly head of UK investment for Valad, which he joined from Green Property, where he was a board director. Wednesday 27 October 2010 8:03 pm CITY MOVES | WHO’S SWITCHING JOBS KCS-content More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comPolice 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.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.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.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com whatsappcenter_img 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 PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity 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 Herald Share whatsapp Show Comments ▼last_img read more

Royal boost for Stanley Gibbons

first_img Show Comments ▼ whatsapp Monday 17 January 2011 8:29 pm Tags: NULL Collectibles group Stanley Gibbons is anticipating a jump in sales, fuelled by items to mark the wedding of Prince William and Kate Middleton, it said yesterday. The Royal Wedding will take place at Westminster Abbey on 29 April, and the company expects to sell lots of first day covers, stamps and other collectibles. It recently added to its portfolio by buying Benhams, a first day cover and mail order collectibles business, from Flying Brands for £1.5m. The company said: “Our recent acquisition of Benham has proved timely following the announcement of the Royal Wedding. This business stands to benefit from sales of associated first day covers and other collectibles.” Analysts expect the wedding to boost the economy by £600m. KCS-content center_img 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 AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite 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 Herald Share whatsapp Royal boost for Stanley Gibbons More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comlast_img read more

From albatross to global powerhouse

first_img From albatross to global powerhouse Show Comments ▼ whatsapp WHEN Ian Livingston took the helm at BT, Global Services was a complete mess. One of the first things he had to do after becoming chief executive in 2008 was issue a dramatic profit warning due to underperforming contracts at the division, which competes with the likes of IBM for big corporate IT deals. Shareholders, already terrified by the unfolding financial crisis, panicked; the shares crashed by 27p to 115p – below their 130p IPO price – wiping £2bn off the firm’s market capitalisation. To say it was an inauspicious start is putting it mildly. Global Services, the brain child of former boss Ben Verwaayen, had been winning business but at the expense of profit. The arm, which had been created to replace dwindling fixed-line telecoms revenues, was supposed to be a powerhouse; instead it had become an albatross around BT’s neck.It is no exaggeration to say that Livingston’s reputation depended on sorting Global Services out. He quickly gave the arm’s boss the heave-ho and now, after a few false starts, shareholders are starting to see results. Global Services revenue might have dipped and that was always the plan: fewer contracts, but more profitable ones. The division is expected to generate £100m operational cashflow in 2010-11. Considering that most analysts didn’t expect to see positive cashflow until 2011-12, this is an impressive achievement. It shows that the firm has managed to sort out some bad commercial deals very effectively. Shareholders will want to see more of the same. KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proofcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsHero WarsThis game will keep you up all night!Hero WarsThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBe Thursday 3 February 2011 7:53 pm Share whatsapp Tags: NULLlast_img read more

Ventas in $5.8bn healthcare buy

first_imgMonday 28 February 2011 9:19 pm whatsapp Tags: NULL 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 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald KCS-content Ventas in $5.8bn healthcare buy center_img whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky 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 Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The 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 Show Comments ▼ Ventas is to buy Nationwide Health Properties (NHP) for $5.8bn in a stock deal that strengthens its position as the biggest US owner of senior housing and assisted living facilities. The US healthcare real estate market is worth more than $700bn. Sharelast_img read more

Boris agrees to riot summit after protests

first_img Share KCS-content Boris agrees to riot summit after protests Monday 28 March 2011 8:54 pm Tags: NULL whatsapp Show Comments ▼center_img THE MAYOR of London Boris Johnson (pictured) is to hold a summit for retailers and businesses affected by the violence at Saturday’s anti-cuts protests. Johnson said in a letter to the New West End Company yesterday that he and the Metropolitan Police “want to continue… dialogue and see what lessons can be learned”. Retailers including Fortnum & Mason, Topshop and Boots suffered millions of pounds worth of damage when a small number of protestors at the TUC-organised event smashed store-fronts and daubed paint on the shops. “Anyone seriously interested in growth, jobs and creating opportunities for young people in these difficult times will be disgusted by the violence and disruption in central London on Saturday,” said the mayor in response to the New West End Company, which represents 600 businesses in the area.The group’s chairman Dame Judith Mayhew Jonas wrote to the mayor yesterday calling for a crisis meeting to ensure the area will be protected during future protests. Jonas called for the authorities to force protest organisers to provide their own insurance against damage caused, and plan to keep marches away from “retail and leisure areas where footfall is high”.Home secretary Theresa May told Parliament yesterday that 145 people were arrested in connection with the sit-in protest at Fortnum & Mason, while 201 arrests were made in total. May said she will consult with the police to decide whether to introduce new powers to deal with violent protestors.MPs from all parties condemned the violence yesterday. 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 PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo 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 whatsapplast_img read more