first_imgMonday 20 December 2010 4:27 am UK economic growth will drop to a “very sluggish” level in the first quarter of 2011 as consumer spending weakens, the Confederation of British Industry has said.Reduced household spending after the VAT rise will hold back first-quarter growth to about 0.2 per cent, down from 0.8 per cent at present and a slight reduction on its previous forecast of 0.3 per cent.The CBI’s latest economic recovery revised the 2012 growth forecast upwards to 2.4 per cent, but said this is still very subdued for the late stages of a recovery.“The pace of recovery in the UK economy has been slightly stronger over the past year than we and many others had expected, and somewhat faster than typical during the first year out of a recession. “But we do not expect that rapid pace of growth to continue over the next two years of recovery,” said CBI chief economic adviser Ian McCafferty. The forecast cautioned that inflationary pressures will remain high over the course of 2011, and “significantly exceed” the stated two per cent target of the Bank of England.“The persistent strength of energy and commodity prices is a growing concern, as it is likely to mean that inflation does not fall back quite as sharply as many hope,” McCafferty said.The CBI said it expected the Bank to begin to “normalise” monetary policy in the spring, followed by a slightly faster stimulus withdrawal over the second half.It expected interest rates to rise from the current record low of 0.5 per cent to 2.75 per cent by the fourth quarter of 2012.But the CBI still believes a double-dip recession is unlikely, even if the recovery remains “fragile” and has predicted “fairly modest” growth of 0.4 per cent, 0.5 per cent and 0.5 per cent over the second, third and final quarters of 2011. Share CBI forecasts sluggish start to 2011 alison.lock whatsapp Tags: NULLcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.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.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com whatsapp Show Comments ▼last_img read more


first_img Tags: NULL US attempts to curb speculators Thursday 13 January 2011 8:51 pm KCS-content Share whatsapp Speculators may face curbs on dealing in commodity markets after the US futures regulator yesterday advanced a plan to prevent the biggest traders from taking market-distorting bets. The proposal, passed 4-1 by the Commodity Futures Trading Commission, would attempt to curb positions investors can hold in commodity markets, with the aim of preventing large players from controlling the market. Some lawmakers say it would prevent a run-up in prices. center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likevirimi.com14 Efficient Arm Workouts To Build Might & Muscle – Virimivirimi.comBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadaStyleVamp11 Celebs And Their Historical DoubleStyleVampcutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comExpertoffers.netResearch Great 5G Senior Cell PlanExpertoffers.netCleaning Services | Search AdsHere’s What Cleaning Services In Scottsdale Should Actually CostCleaning Services | Search AdsAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediaFoundation FixFoundation Repair Cost In Scottsdale May Surprise YouFoundation Fixadvisor15 Plants that Repel Mosquitoes Naturallyadvisor Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.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.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com whatsapplast_img read more


first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Monday 17 January 2011 9:30 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap British billionaire Sir Richard Branson is considering selling down his controlling stake in Virgin Atlantic. Branson, who founded the airline 27 years ago, could look to sell his shares in the carrier to help it compete with larger rival firms. Virgin called in Deutsche Bank last year to review its options after US authorities allowed rivals BA and American Airlines to operate jointly on transatlantic routes, despite opposition from Branson. Show Comments ▼ Sharecenter_img Branson considers airline future whatsapp whatsapp KCS-content Tags: NULLlast_img read more


first_img LORD Oakeshott was unceremoniously sacked from his job as Liberal Democrat Treasury spokesman last night, after describing the government’s lending agreement with banks as “pitiful”. The Liberal Democrats said the peer had agreed to leave his non-ministerial party post by “mutual consent”, although privately senior party sources said he had been sacked. Oakeshott infuriated George Osborne, after dismissing the Treasury’s ability to negotiate with the banks. He said: “I think the Treasury’s negotiating tactics have not been very good. They have an awful combination of arrogance and incompetence, most of them couldn’t negotiate their way out of a paper bag.A senior Lib Dem source said: “Oakeshott has been a pain for a long time now. The real problem is people thought he was talking for the front bench when he wasn’t. It was a case of do you want to go or must we make you.” whatsapp Lib Dem peer gets the sack after outburst Show Comments ▼ More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Wednesday 9 February 2011 8:30 pm Tags: NULL whatsapp KCS-content Sharelast_img read more


first_img Oil hits new highs after fresh Middle East tension Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Wednesday 16 February 2011 8:38 pm whatsapp whatsapp Share Tags: NULLcenter_img Show Comments ▼ KCS-content Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap BRENT crude oil prices surged to near two-and-a-half year highs yesterday as fresh tensions between Israel and Iran added to spreading unrest in the Middle East.Israel’s foreign minister, Avigdor Lieberman, said two Iranian warships planned to sail through the Suez canal en route to Syria and called the move a “provocation”, sending up prices in morning US trade.Later, the ships were identified by an Israeli newspaper as a frigate and a supply vessel, which would not present a significant danger to the Jewish state. Israel’s state-funded television said Lieberman, a far-right partner in the conservative coalition, had spoken out of turn as the Defence Ministry “had preferred to ignore” the ships’ approach. Brent crude posted its highest close since September 2008, settling up $2.14 at $103.78 a barrel after rising as high as $104.52. US crude settled up 67 cents at $84.99, rising after three days of losses. last_img read more


first_img whatsapp whatsapp KCS-content E.ON is close to selling its UK power grid arm Sunday 27 February 2011 11:51 pm Sharecenter_img Tags: NULL 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 ▼ 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 CHINESE billionaire Li Ka-shing is close to winning control of E.ON’s UK distribution business after a bid of more than £3.5bn, City A.M. can confirm. Li’s investment group Cheung Kong Infrastructure is thought to have outbid PPL Corporation, the power producer that bought E.ON’s US business last November for $7.6bn (£4.7bn). Li’s offer is thought to be more than £3.5bn, and could be announced in the next week if Germany-based E.ON accepts, said a source familiar with the sale.Li bought French power firm EDF’s UK networks last July for £5.8bn, using CKI and other subsidiaries including the Li Ka-Shing Foundation. He also owns stakes in Northern Gas Networks, Southern Water and retailer Superdrug.E.ON put its UK power grid up for sale late last year as part of its plan to dispose of €15bn (£12.8bn) of assets by the end of 2013 in order to reduce debts. The UK business delivers power to more than 5m customers across the Midlands.A spokesperson for E.ON declined to comment, while Cheung Kong Infrastructure and PPL Corporation could not be reached yesterday. last_img read more


first_img AGGREKO FORECAST SPARKS SELL-OFF whatsapp Tags: NULL 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap KCS-content Thursday 10 March 2011 7:16 pm Share POWER generator firm Aggreko, which supplies Glastonbury and the 2012 Olympics, saw its shares lose 6.7 per cent yesterday after it forecast flat revenues in 2011 following a bumper year. Chief executive Rupert Soames said: “On even years you get a big year for events, and every odd year you are basically down to the tiddlywinks championships.” whatsapplast_img read more


first_img 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 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 whatsapp Tags: NULL Gas prices push up while uranium falls after crisis Sharecenter_img GAS prices rose to a two-year high in Europe after Japan’s earthquake and tsunami crippled Fukushima Daiichi plant, triggering the worst nuclear disaster since Chernobyl.The price of liquefied natural gas (LNG) jumped more than seven per cent yesterday to reach 74p per therm, on expectations that imports for the UK will be diverted to Japan.Japan is the world’s largest consumer of LNG, with 30 per cent of its power supply coming from this source. But shares in uranium producers slid due to rising concerns over the damaged nuclear power plant in northeastern Japan. Shares of Cameco, the world’s second largest uranium producer, closed down 5.78 per cent at C$27.73 (£17.46) on the Toronto Stock Exchange. “No one wants to own that kind of stock today,” said Baskin Financial Services portfolio manager Barry Schwartz. 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 AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todayautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Thursday 17 March 2011 9:31 pm whatsapp KCS-content last_img read more


first_img whatsapp whatsapp Monday 21 March 2011 9:00 pm Share 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 Barclays offloads toxic assets but Protium still awaits buyer center_img 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Show Comments ▼ BARCLAYS has managed to offload $586m (£359m) of toxic assets to an American real estate investment trust (REIT), but investors are waiting to hear about the sale of Protium, the £7.5bn’s worth of toxic assets that Barclays converted into a loan in 2009.The bank would not say what profit or loss it made on the $586m asset sale to CreXus Investment Corporation, which is dependent on the REIT successfully issuing between 50m and 57.5m new shares over the next month for around $700m.The sale shows that many banks are finding it less difficult than anticipated to find buyers for “toxic” real estate assets bought in the run-up to the financial crisis.But the key moment for investors will be if Barclays manages to find a buyer for Protium. It technically sold the assets in 2009, but it was forced to lend the money for the purchase itself and is keen to get the loan off its books. To that end, it wrote down £532m of the £7.5bn loan last year. Analysts expect a full economic sale in the next two quarters, possibly preceded by further writedowns. KCS-content last_img read more


first_img Show Comments ▼ whatsapp Tags: NULL Share KCS-content Tuesday 29 March 2011 9:03 pmcenter_img SHARES in CPP, the recently-floated credit card and identity theft insurer, fell 46 per cent yesterday to 150p following its after hours statement on Monday revealing that the FSA had been examining “alleged failings in sales calls with customers”.The share price fall is embarrassing for JP Morgan Cazenove and UBS which floated the FTSE250 group on the stock market last March at a price of 235p.The collapse is also bad timing for Hamish Ogston, the entrepreneur who founded the company and still owns 57 per cent of the shares, since his lock-up period ends shortly, leaving him free to sell some of his stake.One of the larger investors, Andy Brough from Schroders, suggested that the company was now hoping to avoid a crash landing: “The oxygen masks have dropped from the ceiling and we’re sitting tight.”JP Morgan’s research analyst Victoria Pryor was sticking by the company yesterday.She said the suspension of thegroup’s under-fire ID protection policy would affect profit estimates but concluded that the group’s international businesses offered good long-term opportunities. JP Morgan’s target price is 361p.Some bankers said CPP’s problems might affect sentiment in the IPO market. “This could put somebody off investing,” said one banker, “but you could take the view you could make up the losses on a new float.” CPP’s shares plunge as FSA probes sales whatsapp Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga 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 ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof 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 Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBelast_img read more

Recent Comments