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Builders miss out on £6bn of school projects

first_img Show Comments ▼ whatsapp Share BUILDERS have already lost out on more than £5.7bn worth of work after Britain slashed investment in new schools and Balfour Beatty is most exposed to the cutbacks, Reuters research shows.A survey of the 26 local authorities worst hit by a decision to freeze the last government’s £55bn Building Schools for the Future (BSF) scheme, shows contracts for dozens of schools had already been awarded or were close to being signed with preferred bidders.The scheme was scrapped as the new government seeks to rein in a ballooning deficit, leaving some children stuck in leaky classrooms and disappointing builders and IT firms who had banked on a 20-year programme of investment in schools.Balfour Beatty is most exposed having been among the contractors to win, be shortlisted for or achieve preferred bidder status on projects worth £1.1bn or about one fifth of the £5.7bn total shown in the Reuters survey.Laing O’Rourke had been involved in £903m worth of projects either alone or in partnership with other contractors, followed by FTSE 250 maintenance firm Interserve on £718m. KCS-content whatsapp Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Tuesday 17 August 2010 8:04 pm 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 Builders miss out on £6bn of school projects More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.com Tags: NULLlast_img read more

Delisting plan hits Accident Exchange hard

first_img whatsapp Share Wednesday 1 September 2010 8:21 pm whatsapp Read This Next’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 ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof SHAREHOLDERS in Accident Exchange Group face significant dilution as the vehicle replacement firm nears a refinancing deal with its senior lender and plans a conversion of its unsecured notes.The cash-strapped company, whose chairman once was Lord Young of Graffham, said it planned to cancel its shares from the Official List and delist them from the London Stock Exchange to effect the refinancing.Accident Exchange shares, which had traded as high as 495p about four years ago, closed down 65 per cent at 3.38p after yesterday’s announcement. The group had a market capitalisation of only £7.3m at Tuesday’s close.The company, which provides courtesy vehicles after crashes, said talks with its lead lender Morgan Stanley to amend its existing £40m credit facility continued to progress and that they had reached an agreement in principle.In March, Accident Exchange said future compliance with its banking covenants required ongoing flexibility from its main banker and that it hadn’t operated profitably during the four months to the end of February.Any formal amendment to the facility was conditional upon conversion of the company’s £50m convertible notes due 2013, Accident Exchange said in a statement.The company also delayed reporting results in 2010, saying it could not finalise accounts until it refinanced. Show Comments ▼ Delisting plan hits Accident Exchange hard KCS-content Tags: NULLlast_img read more

Burger King in talks with 3G

first_img whatsapp Burger King in talks with 3G whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars All Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionLiver Health1 Bite Of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthNational Injury BureauVeterans That Served 2003-2015 Can File A Tinnitus ClaimNational Injury BureauTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal Past Wednesday 1 September 2010 8:45 pm center_img Show Comments ▼ FAST FOOD chain Burger King is in advanced talks with 3G Capital over a sale that could see the company move back into private hands. News of the ongoing discussions with the New York-based investment vehicle sent shares soaring 15 per cent to $18.86 in American trading. This was the biggest jump in share prices since the firm floated in 2006. Private equity group 3i had been named as in the frame to buy Burger King, but the company denied this yesterday. Diageo, Goldman Sachs and Bain Capital have all held stakes in Burger King in recent years. KCS-content More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Tags: NULLlast_img read more

Sanofi could raise Genzyme bid if firms open negotiations

first_img whatsapp Tags: NULL KCS-content Sanofi could raise Genzyme bid if firms open negotiations Show Comments ▼ Sharecenter_img Sunday 5 September 2010 10:30 pm FRENCH pharmaceuticals giant Sanofi-Aventis would be prepared to moderately raise its $69-per-share (£44.7) offer for Genzyme if the US biotech firm agreed to enter negotiations, it emerged yesterday.It is understood that the Sanofi board has agreed that in principle the offer could be raised, but is waiting on a signal from Genzyme that the company is prepared to come to the negotiating table.The news comes after Genzyme last week rejected an all-cash $18.5bn offer from Sanofi.The US firm’s chief executive Henri Termeer said he did not believe it likely that the situation would turn hostile, but added that “a deal will only get done when the strategic value of the company is properly recognised”.Analysts believe that a sweetened offer of around $75-$78 per share would be favourably looked upon by the Genzyme board.Genzyme’s appeal lies in the growth potential of its drugs treating rare genetic diseases and a pipeline of new treatments, including one for multiple sclerosis. However, the complexity of the deal and the firm’s manufacturing problems mean negotiations could drag on. whatsapp More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndolast_img read more

BSkyB profit up as customers hit 9.6m

first_img whatsapp Tags: NULL BSkyB profit up as customers hit 9.6m Share BSkyB has posted strong first quarter profits after adding a better-than-expected 96,000 customers, due to strong demand for its broadband and telephone services.The strong operating performance, which took the total customer base to 9.96m, helped the firm to post revenues up 15 per cent to £1.5bn, in line with forecasts, and adjusted operating profit up 25 percent to £255m Analysts had been expecting adjusted operating profit of £235m, according to a Reuters poll.Churn, or the percentage of customers who left the service, was steady on last year at 11.2 per cent, while the average revenue generated per user was at a new record of £514. The amount paid by each customer was boosted by demand for additional products such as HD TV and broadband.“Operationally, we have made a very good start to the year with 96,000 net customer additions and record take-up of our additional subscription products,” chief executive Jeremy Darroch said.“This performance, combined with our continued emphasis on operational efficiency, is translating into strong financial results.”BSkyB is also engaged in a takeover process, after News Corp proposed to buy the 61 per cent of BSkyB it does not already own. It offered 700 pence per share but BSkyB’s independent directors have demanded an offer of over 800 pence.Manoj Ladwa of ETX Capital said: “BSkyB goes from strength to strength as it reported a solid set of first quarter numbers. The broadcaster is also reaping the benefits of a strategy shift as it increasingly cross-sells to its expanding customer base. Both are factors that are likely to see News Corp either raise its offer quite significantly or walk away.” Show Comments ▼center_img More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden 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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More 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 A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity 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 whatsapp Friday 22 October 2010 3:24 am John Dunne last_img read more

CWC hit by Caribbean woes

first_img Share CWC hit by Caribbean woes KCS-content whatsapp CABLE & Wireless Communications (CWC) said while there had been no major improvement in its key Caribbean market, it still expected to end its year broadly in line with forecasts.The group, which also trades in Panama, Macau and Monaco, said that while tourist numbers were beginning to recover in the Caribbean, many were on cheaper packages and did not spend freely. Operations were also disrupted by hurricanes, it said.CWC split from the former Cable & Wireless group last year. The remaining business, now called Cable & Wireless Worldwide, services corporate and government customers in markets in Britain, North America, Continental Europe, India and elsewhere. CWC said it had maintained market share above 50 per cent in Panama despite competition. It has also seen good demand for its pay-TV service and the new revenue streams meant it should post a stronger second half there than the first, it said.The firm also announced it has acquired a 51 per cent stake in Bahamas Telecommunications. Tags: NULLcenter_img whatsapp Wednesday 9 February 2011 7:48 pm 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut 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 ItUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 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 Show Comments ▼last_img read more

Shell sells $1bn African business to JV partners

first_img Show Comments ▼ whatsapp Share KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com ROYAL Dutch Shell has agreed to sell three quarters of its stake in its African refining and distribution business to its joint venture partners for $1bn (£616m) as part of its efforts to dispose of non-core assets, the oil major said yesterday. Shell said remaining owners Vitol Group and Helios Investment Partners, which have upped their stake from 50 to 80 per cent by snapping up Shell’s holding, would continue to sell Shell products in 14 African countries including Egypt, Tunisia and Uganda. The deal will be phased in during 2011 and into the first half of 2012, with Shell retaining a 20 per cent interest in the new joint venture structure.“This is a good deal for our customers as well as for Shell,” said Shell downstream director Mark Williams. “We will significantly reduce our capital exposure in line with our strategy to concentrate our global downstream footprint, and continue to provide the high quality Shell products that our African customers have come to trust and rely on over many decades.”Shell sold $7bn of non-core assets during 2011 that took out 12 per cent of the firm’s refining capacity, according to its last results statement.Shell is still in talks with Australian oil and gas producer Woodside about what it plans to do with its remaining 24 per cent stake, Woodside’s chief executive Don Voelte said yesterday. Woodside was caught off-guard last November when Shell sold off one-third of its stake in the company. “The chairman and I are working very constructively and professionally with them,” Voelte told analysts and reporters yesterday, playing down talk of bad relations between the two companies. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comcenter_img whatsapp Shell sells $1bn African business to JV partners Monday 21 February 2011 7:45 pm Tags: NULLlast_img read more

Accenture boosts earnings forecasts

first_img KCS-content 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 Thursday 24 March 2011 9:36 pm Show Comments ▼ Share whatsapp Accenture boosts earnings forecasts SHARES in management consultancy Accenture rose 5.3 per cent to $54.73 (£33.55) in after hours trading yesterday after it said high client demand would boost its full-year revenue and earnings forecasts.Bookings in stood at $6.98bn, up from $6.3bn the previous quarter, chief executive Pierre Nanterme said.Revenue in the second-quarter, to the end of February, rose to $6.1bn from $5.2bn a year earlier while net income rose to $566m or 75 cents per share from $462m or 60 cents per share a year earlier. Accenture expects full-year earnings per share to reach between $3.22 and $3.30 — higher than a December forecast of $3.08 to $3.16 and above the average analyst forecast of $3.14 per share. Tags: NULL whatsapplast_img read more

Singapore enjoys GDP boost

first_imgThursday 14 April 2011 8:00 pm 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 Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Share whatsapp Singapore’s economy continues to grow, according to figures released yesterday by the Ministry of Trade and Industry that revealed a GDP rise of 8.5 per cent in the first-quarter of 2011. The increase marked a rise of 23.5 per cent compared to the previous quarter, led primarily by the manufacturing, services and construction sectors. Singapore’s central bank allowed an immediate rise in the value of its currency dollar to help tackle inflation, which it said would likely stay elevated. Singapore enjoys GDP boost 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe 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 Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrapcenter_img whatsapp Show Comments ▼ Tags: NULL KCS-content last_img read more

Major Actelion investor backs board over activist

first_img KCS-content Major Actelion investor backs board over activist by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads whatsapp Monday 18 April 2011 8:46 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Sharecenter_img Show Comments ▼ whatsapp ACTIVIST hedge fund Elliott Advisors suffered a setback in its battle with Swiss biotech company Actelion yesterday after a major shareholder backed the firm’s board.BB Biotech, which holds almost five per cent of Actelion’s shares, said it would back all the board’s proposals in the annual meeting on 5 May. It means about 15 per cent of Actelion’s shareholders now publicly favour the board, after 5.5 per cent shareholder Rudolf Maag voiced his support last month.“We have managed our investment in Actelion actively over many years and have enjoyed excellent returns,” Zurich-based BB Biotech, a pure-biotech investor, said in a statement.BB Biotech admitted it had been “disappointed” by the results of some past decisions taken by the board. “But we have never doubted the competence of Actelion’s scientists, the commitment of their management or the veracity of their board,” it said. “We won’t change our minds now.” Elliott, which holds around seven per cent of the firm, wants seven members of the board to step down, including founder Jean-Paul Clozel, and six directors of its choice to join. It has complained of poor corporate governance, criticised Actelion’s drug pipeline and demanded a strategic review viewed widely as a call for a sale or merger with another firm Tags: NULLlast_img read more