HP closes in on deal to buy tech firm ArcSight

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe 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.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.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 HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Share Tags: NULL whatsapp KCS-content Sunday 12 September 2010 11:14 pm HP closes in on deal to buy tech firm ArcSight center_img Show Comments ▼ whatsapp HEWLETT-PACKARD (HP) is nearing a deal to buy cybersecurity company ArcSight for about $1.5bn (£976m), the latest in a series of technology sector transactions.ArcSight drew interest from several large tech companies and had been seeking around $42 per share, according to a Wall Street Journal report, citing unnamed sources. A deal could be announced as soon as today.A deal would be HP’s second major acquisition since the departure of Mark Hurd as chief executive, showing the technology giant remains aggressive in pursuing growth.Hurd, who left HP after he was accused of falsifying expense reports and concealing a relationship with a female contractor, is now a co-president at Oracle.Earlier this month, HP won a bidding war against rival Dell to buy data storage company 3PAR for $2.4bn.The deal would also be the latest sign of consolidation in the security software sector. Last month, Intel agreed to buy McAfee for $7.7bn. In May, Symantec bought Verisign’s payment authentication unit for about $1.3bn. HP declined to comment. ArcSight was not immediately available for comment. More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgWhy people are finding dryer sheets in their mailboxesnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comlast_img read more

GMG’s review could see sale of Autotrader

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo KCS-content THE owner of the Guardian newspaper and a private equity group are considering selling the business behind car buyers’ magazine Auto Trader for £2bn, it emerged yesterday.Guardian Media Group (GMG) and Apax Partners are understood to have begun work on a strategic review that could lead to the disposal or flotation of Trader Media Group (TMG).Apax acquired a 49.9 per cent stake in Trader Media group (TMG) from GMG in March 2007, which valued TMG at £1.35bn.GMG has owned TMG for several years, either solely or in partnership with others. As well as the flagship publication Auto Trader, the business also includes titles such as Boat Trader and Farmers Trader.Apax and GMG are believed to have held early-stage talks with several banks including Moelis, Merrill Lynch, Deutsche Bank and JP Morgan, according to a Sunday newspaper.No-one from Apax Partners was available to comment, but a GMG spokesman said: “Trader Media Group is a very strong business and well advanced in its digital transition, which makes it a valuable asset for GMG.“No decisions have been made about either the timing or nature of our exit from this investment.”It is thought the appointment of a bank could lead to a sale or float as early as next year or in 2012, but a dividend re-capitalisation could also be an option.The strategic review is thought likely to consider four possibilities: a sale, a float and two dividend re-cap options.The dividend recap could either see up to £300m more debt added to the group’s balance sheet or the introduction of a third private equity investor which may purchase a stake of up to 40 per cent from Apax and GMG. whatsapp Sunday 17 October 2010 11:36 pmcenter_img Share GMG’s review could see sale of Autotrader More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp Tags: NULLlast_img read more

Market cools as property prices tumble

first_img whatsapp Share AVERAGE property prices have fallen 1.2 per cent in the last three months, according to the latest Halifax house price index.The closely watched index from the Lloyds Banking Group-owned lender showed house prices rose 1.8 per cent in October which helped to partially reverse the 3.7 per cent decline from the previous month. But the quarterly decline in house prices is still the sharpest fall since the middle of last year.The drop is not as steep a decline as some previous falls seen over the last two years, however, which were sometimes as much as five per cent during the height of the economic downturn wiping around 25 per cent off property prices in just one year before recovering. House prices were also only 1.2 per cent higher than a year ago, down from an annualised rise of seven per cent back in May.“An increase in the number of properties for sale in recent months, together with a decline in demand has put some downward pressure on prices,” Martin Ellis, Halifax’s chief economist, said. “We do not believe that prices are set to fall sharply over a sustained period. Interest rates are likely to remain very low for an extended period, which will continue to support the improved mortgage affordability position for homeowners.”However, Howard Archer, economist at IHS Global Insight said he expected further falls in house prices over the next twelve months predicting they could decline by as much as ten per cent. The figures from Halifax are in line with those produced by the Nationwide building society, the other closely watched house price index, which showed house prices over the last three months had fallen 1.5 per cent but had risen 1.4 per cent in October year-on-year.The most recent data from the Council of Mortgage Lenders (CML) also showed the number of mortgage approvals for last month were less than half their average prior to the economic downturn. First-time buyers are on average being asked for a deposit of around 20 per cent from lenders, according to the CML. KCS-content Market cools as property prices tumble by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesMagellan 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 HeraldMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comcenter_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPuffer fish snaps a selfie with lucky divernypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Tags: NULL Show Comments ▼ Thursday 4 November 2010 11:05 pm whatsapplast_img read more

Guy Hands loses $2bn Citi trial

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo KCS-content whatsapp FINANCIER Guy Hands yesterday lost his “irresponsible” $2bn (£1.25bn) fraud case against Citigroup linked to his purchase of struggling music group EMI. A New York federal court jury took four hours to decide unanimously last night that David Wormsley, one of Citigroup’s top bankers, did not lie to Hands during his £4.2bn bid for the group in May 2007. The decision is a blow for Hands, who said in court that 60 to 70 per cent of his wealth is tied up in EMI. The Guernsey-based British tycoon originally sued for $8bn, and claimed Wormsley repeatedly misled him about a rival bid to trick him into raising his offer for the music label, which owns the Beatles’ back catalogue and the Abbey Road studios. Citi provided £2.6bn in last-minute loans to help fund the takeover, netting the bank tens of millions of pounds in fees. Hands’ private equity company Terra Firma struggled to turn the debt-laden music group around, and he moved to place blame with his former friend Wormsley. Terra Firma said after the judgement it believed the lawsuit was “an important action to bring and we had a responsibility to our investors to bring it. We will continue to focus on achieving the right result for them and EMI.” The decision by controversial US judge Jed Rakoff could force Terra Firma to hand EMI to Citigroup, its main creditor, if the firm starts to breach banking covenants. Hands asked investors for £105m in June to meet key repayments, and has asked Citi several times to consider refinancing its £3bn debt pile.Citigroup said: “The jury’s verdict makes clear that Terra Firma’s irresponsible accusations of fraud were nothing more than a misguided attempt to gain leverage in debt restructuring negotiations.”During the heated three-week trial, jurors heard Hands argue that Wormsley had fabricated a rival bid by Cerberus Capital during three phone calls the weekend before the deal. Wormsley said he couldn’t remember the details of the calls. “I think Mr Wormsley was put through a terrible ordeal. He was totally innocent, he did nothing wrong,” Citigroup trial lawyer Ted Wells told reporters outside the courtroom. “He is a man of honesty and integrity.”Wells told the court that Hands “can’t shift responsibility for his bad business decision from his company to Citigroup.” Citi stock shot up 3.3 per cent after the verdict to close at $4.33. Share Tags: NULL Friday 5 November 2010 12:46 am Guy Hands loses $2bn Citi trial Show Comments ▼ whatsapplast_img read more

Fears see Irish bond sell-off

first_imgMonday 8 November 2010 9:58 pm Tags: NULL KCS-content Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.com whatsapp IRELAND came under renewed pressure yesterday as investors remained wary of buying Irish assets after Germany stood firm on its call for bondholders to bear a share of the cost should Dublin need a bailout.The premium investors demanded to hold Irish debt over benchmark German bunds hit new highs extending a month-long climb that has seen Irish borrowing costs repeatedly break records with the yield on Irish 10-year bonds hitting eight per cent for the first time yesterday.European Union (EU) economics commissioner Olli Rehn moved to reassure investors during a two-day visit to Ireland saying he had not discussed any need for an EU bailout, adding he believed market confidence would be restored once the country published its four-year plan to cut debt. “Ireland has not requested the activation of any European financial backstops, we have not discussed this matter this evening. We have discussed the four-year fiscal plan and the next year’s budget,” Rehn told a news conferenceThe Irish emergency budget will be published on 7 December with a pre-Budget report due this week pushed back to later this month by Irish finance minister Brian Lenihan. Share whatsapp Fears see Irish bond sell-off last_img read more

IMF: UK faces faster growth

first_img BRITAIN’S recovery is on track and it will continue to grow both this year and next, according to influential international body the IMF.In its annual forecast for the UK, it said that GDP would grow 1.7 per cent this year and two per cent next year, accelerating thereafter, with little expectation of recession.The forecasts are in line with the IMF’s previous estimates issued in October.The IMF also sounded a note of caution over the government’s £81bn in spending cuts announced last month. While welcoming the cuts, the IMF said the government had to be prepared if necessary to rethink its strategy which it said was risky and could “strain public service delivery in some areas”.“In the unexpected case of a significant and prolonged new downturn, some directors considered that the pace of structural fiscal consolidation could be adapted,” the report said.Meanwhile, think-tank the National Institute of Economic and Social Research (NIESR) yesterday reported slowing UK economic growth over the past quarter. Economic growth in Britain is likely to have slowed to 0.5 per cent in the three months to October from 0.8 per cent in the three months to September, it said. IMF: UK faces faster growth KCS-content whatsapp Tuesday 9 November 2010 9:09 pm Tags: NULL Show Comments ▼center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Share More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.com last_img read more

BT raises forecast after broadband boost

first_img Show Comments ▼ BT raises forecast after broadband boost whatsapp Tags: NULL BT has raised its full-year core earnings outlook after posting better-than-expected second quarter results boosted by demand for broadband and its Global Services unit.It now expects to post full-year adjusted core earnings of around £5.8bn, compared with a previous pledge to perform in line with the year before which achieved earnings of £5.6bn.Britain’s biggest fixed-line telecoms provider said it also now expected to hit its target of generating free cash flow of £2bn this year, two years ahead of target.Sentiment around BT has improved strongly in recent months after it recovered from two major profit warnings due to problems at its key Global Services division, which provides IT services to multinational companies.It said the order intake for Global Services was up 50 per cent.Overall, BT posted second quarter revenues down three per cent to £5bn.“We have made significant progress in improving profitability and cash flow, enabling us to invest in building the foundations for revenue growth in 2012/13,” chief executive Ian Livingston said in a statement.“We have increased our EBITDA outlook for the year and now expect to hit our 2 billion free cash flow target two years early.”BT said its strong performance was helped by improvements across the board, but it enjoyed particularly strong demand for broadband, adding 114,000 customers, which represented a 45 per cent market share of new additions on the network, one of its highest shares ever.It had 24,000 net additions to its BT Vision TV service, which it launched to increase customer loyalty, giving it a total of 520,000 compared with BSkyB’s 10 million.It has also started showing the Sky Sports TV channels for the first time and said over 50,000 customers took the Sky Sports service. John Dunne center_img whatsapp 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 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 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Thursday 11 November 2010 2:50 amlast_img read more

Glencore “mulling £10bn IPO”

first_img whatsapp Share More From Our Partners Biden 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.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Glencore “mulling £10bn IPO” center_img Thursday 18 November 2010 5:44 am Tags: NULL Commodities group Glencore is considering listing in the first half of next year with an initial public offering (IPO) that could raise around £10bn.Glencore, the world’s biggest commodity trader, has been preparing to go public after issuing a $2.2bn (£1.4bn) convertible bond last year.The group, which posted a strong jump in nine-month profit, is considering an IPO that would likely launch off the back of full-year results in March or April, according to Reuters sources.Swiss-based Glencore declined to comment.While no final decision has been made on the size of the offering, it could raise around 10 billion pounds, one source said, making it one of the biggest ever London flotations.The IPO could to be a dual listing in London and Hong Kong, another source said. Morgan Stanley, Citigroup and Credit Suisse are expected to be involved in the listing.An analyst said an IPO of Glencore would likely not take place until it completed a spin-off of its gold assets.Ini August, Glencore unveiled plans for spinning off or listing its Kazzinc gold assets, which could be worth over $5bn, next year.Earlier in the year, speculation surfaced about a possible merger with miner Xstrata, of which Glencore is the biggest shareholder, with a stake of nearly 35 per cent.Major Xstrata investors said they were wary of linking up with Glencore ahead of an IPO due to the difficulty of valuing the private group.Net profit in the first nine months rose 42 per cent to $2.5bn on a 40 per cent rise in revenues to $105.9bn.Its industrial division, which includes mining operations, outperformed as average commodity prices surged 40-55 per cent.Glencore, whose debt burden worried investors during the downturn, said liquidity increased to $4.6 billion in the third quarter from $3.2bn in the second quarter, beating a target of $3bn.Net debt rose to $15.2bn from $13.6bn in the second quarter, according to a statement released to bondholders. John Dunne last_img read more

Prince Andrew lashes out at Saudi arms probe

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 PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailPeople 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 TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Tags: NULL PRINCE Andrew described an investigation by the Serious Fraud Office (SFO) into the massive Al Yamama arms deal with Saudi Arabia as “idiocy”, according to Washington’s ambassador to Kyrgyztan that has emerged as part of the Wikileaks revelations.Andrew, who travels as a special UK trade representative, made his comments during what was described by Tatiana Gfoeller as an “astonishingly candid” discussion that “verged on the rude” at an official engagement at a hotel in the capital, Bishkek, in 2008.His attack on the investigation into alleged payment of kickbacks to Saudi Arabian officials from BAE Systems came two years after the SFO was ordered to discontinue its investigation by the then Labour government. The SFO declined to comment. whatsapp Share Prince Andrew lashes out at Saudi arms probe center_img Monday 29 November 2010 8:52 pm KCS-content Show Comments ▼ More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com whatsapplast_img read more

BOTTOM LINE

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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof BOTTOM LINE Share SIMON’S pursuit of CSC has been a textbook example of how not to handle a takeover bid. First it said it would bid for CSC on the precondition it did not purchase the Trafford Centre (providing all sorts of reasons for why it was a bad purchase); then it offered to finance the acquisition of the mall instead of Peel (destroying its own arguments against the purchase); now it is back with an indicative offer of 425p – again providing management does not purchase the Manchester shopping centre. But CSC knows it has to at least consider Simon’s offer, which represents a 21 per cent premium over the stock’s closing price in the past six months. That would allow shareholders to exit their investment at a 13 per cent premium to the last reported Net Asset Value of 377p. Simon’s advances will provide support for the share price in the near term, but we think its flip-flopping speaks volumes about the probability of an eventual deal. This is less holy matrimony and more transatlantic teenage crush. Savvy investors will get out while the going is good. Tags: NULL whatsapp whatsapp KCS-content Show Comments ▼ Wednesday 15 December 2010 8:51 pmlast_img read more