first_img HEDGE fund Breeden European Partners has more than halved its stake in troubled social housing repairs group Connaught, after the value of its holding plunged by more than £13m in recent weeks.Breeden European, which was set up by former US Securities & Exchange Commission chairman Richard C. Breeden, had declared a stake of 13 per cent, or 18m shares, at the start of July.A stock exchange filing on Wednesday showed Breeden cut this to 6 percent, or 8 million shares, on August 6, the day Connaught said it would make a loss for the year.Connaught is in desperate need of cash as government spending cuts have hurt its core business.At the beginning of July Breeden’s holding would have been worth about 19.6 million pounds, but by the close of play on August 5, Connaught’s shares were priced at 29 pence and the value of the fund’s holding had plummeted to just £5.3m.Breeden European was not immediately available for comment.The investor had first disclosed a stake of four per cent back on April 6 before increasing this in stages.The stake building had prompted speculation that Breeden European could be seeking to engineer a merger between Connaught and social housing and care home provider Mears, in which it also owns shares.Since then however, Connaught has stunned the market by announcing it is in dire need of funds and will make a loss for the year, almost wiping out the value of its shares.Parvus Asset Management and Norway’s sovereign wealth fund had also exited most of their holdings in the firm, according to reports. Connaught hit after hedge fund cuts stake John Dunne whatsapp Wednesday 11 August 2010 4:29 am Share whatsapp Show Comments ▼ 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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Tags: NULLlast_img read more

first_imgTuesday 17 August 2010 7:52 pm Koreans snap up French shopping mall Show Comments ▼ Share whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: NULL SOUTH Korea’s National Pension Service (NPS) said yesterday it would buy a 51 per cent stake in a French shopping mall from Anglo-French property investor Hammerson for around 350bn won (£189m).The deal is the latest addition to NPS’s growing investments in overseas property assets which include a $767m (£493m) purchase of Sony Center in Berlin, a $160m buy of Gatwick airport in London and a $1.3bn purchase of HSBC’s European headquarters in London’s Canary Wharf financial district.NPS, the world’s fifth-biggest pension fund, is considering buying additional stakes in the O’Parinor mall near Paris, a spokeswoman in the fund said. The shopping centre, which has more than 90,000 square metres (968,800 sq ft) of space, was redeveloped in 2008 and houses 220 stores including retailer Carrefour, H&M, Zara, and Toys ‘R’ Us, according to Hammerson. NPS, which manages nearly 300 trillion won (£161.8bn) in assets, aims to boost investments in assets such as real estate, infrastructure and private equity funds to 6.4 per cent this year from 4.5 per cent as of the end of November, and has been building a global presence in the past year. KCS-content whatsapplast_img read more

first_imgThursday 2 September 2010 7:39 pm whatsapp The fire burned for several hours before being extinguished. A company spokesman said it started on an upper deck of the platform where living quarters were located, and had not been caused by a “blowout,” or sudden release of oil and gas from a well.The rig had been shut down for maintenance when the accident occurred, US officials said, likely limiting the damage as oil and gas from the ocean floor would not continue to feed the blaze. Tags: NULL 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 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farminvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp Share KCS-content Show Comments ▼ AN OIL and gas platform operated by Mariner Energy burst into flames yesterday and unleashed a mile-long oil sheen into the Gulf of Mexico, just as engineers on a nearby platform were resolving the worst offshore oil spill in history.All 13 crew members were rescued with no injuries from the ocean near the burning platform and were taken to another offshore platform, the US Coast Guard said. Mariner Energy’s oil rig explodes in Gulf of Mexico last_img read more

first_imgWednesday 15 September 2010 7:57 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 PastBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHero WarsBig Boss of internet games!Hero WarsWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld Lifestyle whatsapp ARMExecution Noble thinks it’s time for a breather on the technology company, and downgrades the stock to a “sell” with a fair value of 300p. The broker says that ARM remains well placed to outperform the semi-conductor industry, and will continue to expand into new end markets, but the current value of 29 times 2012 core earnings forecasts is hard to justify.SAINSBURYRBS has downgraded the supermarket to a “hold” from a “buy”, with a target price of £3.82, after shares reached its previous target of £3.70. The broker says it does not see any near-term triggers that could change its forecasts, and prefers peers Tesco and Morrisons. It predicts a 1.1 per cent rise in sales growth at the firm’s quarterly results in October.AGGREKOStandard & Poor’s has initiated coverage on the temporary power supplier with a “hold” rating and a target price of £17.00. Analysts believe Aggreko’s exposure to developing markets means continued demand for its services, and thinks growth could accelerate in the next five years. However, S&P sees potential for earnings disappointment. Tags: NULL Show Comments ▼center_img Share BEST OF THE BROKERS whatsapp More From Our Partners Police 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org KCS-content last_img read more

first_img Germany and France slam hedgie rules FRENCH economy minister Christine Lagarde looks set to dash hopes of an imminent deal on EU hedge fund rules when she meets finance ministers in Brussels this week, diplomats with direct knowledge of the matter said yesterday.France’s refusal to back a “passport” scheme that would allow foreign funds to do business across all of the EU’s 27 states will effectively scupper any chance of a deal between ministers on a new regime for the industry. Lagarde, who sources close to the talks said had won the backing of Germany, is expected to reaffirm this position on the sidelines of a meeting with finance ministers including Germany’s Wolfgang Schaeuble and British financial services minister Mark Hoban.The stand-off could lead to a lengthy delay for one of the most high-profile reforms planned in Europe.It would also be a setback to Brussels’ attempts to catch up with Washington, which recently voted through a regulatory overhaul of financial rules. “We were heading towards a unanimous compromise on the basis of same rules, same rights [for foreign funds],” said one diplomat who followed preparatory talks among officials ahead of the ministers’ arrival.“However, France suddenly dropped a bombshell and led a frontal assault with its counter proposal that would fragment Europe. It’s a total deadlock now,” the diplomat added.FAST FACTS | NEW HEDGE FUND RULES● The EU “passport” is part of the talks to pass the Alternative Investment Fund Management Directive. ● The UK is home to 80 per cent of Europe’s hedge funds and backs the “passport” scheme. CITIGROUPCITIGROUP has landed the lead role advising Michelin on its surprise €1.2bn (£1.03bn) rights issue. It is understood that senior banker, Catherine Oules led a team advising the French tyremaker on the deal out of the bank’s London office. The relationship with Michelin, however, is managed out of Citi’s Paris office.Michelin announced its rights issue on Tuesday, startling brokers and investors. As part of the share offer, investors may buy two new shares at a deeply discounted €45 for every 11 they hold. Citi was joined on the deal by French rivals BNP Paribas and Credit Agricole. BNP is thought to have arranged the share issue, while Citi and Credit Agricole acted as bookrunners.It has been a busy year for Citi, as the bank won a spot as one of the lead advisers on the $25bn (£15bn) rights issue, which was launched by Brazilian oil group Petrobras in June.Other banks on that deal included Itau Unibanco, Bank of America, Morgan Stanley, Bradesco and Santander.Citi has also acted as underwriter on a long stream of previous rights issues, including Lloyds Banking Group’s 2009 capital raising.Emma Sadowski Tags: NULL whatsapp Sharecenter_img whatsapp Wednesday 29 September 2010 10:50 pm Show Comments ▼ KCS-content last_img read more

first_img whatsapp London’s firemen vote to go out on strike in dispute over shift changes KCS-content Show Comments ▼ Share London firefighters have voted to walk out in a dispute over changes to shift patterns but will not go ahead with the strike if dismissal letters to staff are withdrawn, the Fire Brigades Union (FBU) said on Thursday.The Fire Brigade, which has about 5,500 firefighters in London, wants to impose equal 12-hour day and night shifts, to replace the current system of two nine-hour day shifts and two 15 hour night shifts per week.The FBU said management had issued letters of dismissal to staff who do not accept proposed changes in shift working and said it would not announce strike dates until Friday to allow the Fire Brigade the chance to withdraw these letters.“Firefighters hate going on strike – but they hate being bullied even more,” said FBU General Secretary Matt Wrack.“This vote demonstrates that London firefighters will fight these mass sackings every step of the way. The London Fire Brigade now needs to lift the sacking notices and start negotiating properly.”The FBU said 79 per cent of members had voted in favour of strike action, and turnout was also 79 per cent. Chairman of the London Fire and Emergency Planning Authority, Brian Coleman said: “It’s disappointing and saddening that the only losers in all of this will be firefighters. A strike by the FBU will be unnecessary, unjustified and viewed unsympathetically by Londoners. This dispute centres on proposed changes to make people safer.” center_img whatsapp 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.orgA 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller 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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.com Thursday 14 October 2010 9:32 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Tags: NULLlast_img read more

first_imgTuesday 19 October 2010 3:22 am Show Comments ▼ whatsapp World Bank attacks US currency policy Share John Dunne Surging capital inflows threaten Asia’s economic stability, the World Bank has warned, a day after US treasury secretary Timothy Geithner sought to draw the venom from a global row over currencies by vowing not to devalue the dollar.The World Bank buttressed the argument made by China and others that US policies are sending a wave of cash flowing into higher-yielding emerging markets, undermining their export competitiveness and pumping up inflation and asset bubbles.“We are seeing an effort by developing East Asia to deal with the large amounts of liquidity driven in very large part by the monetary policy easing in the United States,” Vikram Nehru, the bank’s chief economist for Asia-Pacific, told reporters in Tokyo.Nehru, presenting a semi-annual report, urged policymakers to learn the lessons of the 1997/98 Asian financial crisis, when an influx of footloose global capital inflated property and equity prices, only for them to collapse when the money flows reversed.“The authorities in East Asia need to take adequate precautions to ensure that they do not repeat the same mistake twice in slightly over a decade,” the report said.While capital controls were not very effective in controlling long-term investment flows, Asian countries had an array of instruments to deal with rising inflows, the World Bank said.“If this liquidity abundance is sustained and increases, I think they are going have to take further action,” Nehru said.Thailand introduced a withholding tax on foreign purchases of government bonds last week, and Brazil on Monday increased an existing tax on foreign bond buyers to 6 percent from 4 percent.Foreign investors in Brazil will also have to pay more tax to trade currency derivatives, blamed in part for driving up the real, the country’s currency, to a two-year high.“Our objective is to reduce foreign investment into Brazil,” Finance Minister Guido Mantega told reporters in Sao Paulo.Strains over the constellation of exchange rates needed to put global growth on a more solid, sustainable footing are likely to dominate a meeting of finance ministers of the Group of 20 major economies in South Korea starting on Friday.The dispute boils down essentially to the exchange rate of the yuan, also known as the renminbi.The United States, supported by most economists, believes Beijing is unfairly holding the yuan down to give its exporters an advantage in global markets.This is causing a broader misalignment of global currencies, Washington contends, because other developing countries are reluctant to lose competitiveness versus China by permitting their own currencies to appreciate in isolation. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Tags: NULL whatsapplast_img read more

first_img whatsapp Monday 29 November 2010 8:02 pm whatsapp Share KCS-content Show Comments ▼center_img IMF admits it should have done better Tags: NULL THE International Monetary Fund (IMF) has admitted it should have done better in predicting the banking and property crisis in Ireland that precipitated its €85bn (£72bn) rescue package. Deputy director of the IMF’s European department Ajai Chopra said in an interview with the Financial Times: “There is no question that we – and other observers – could have done better. But it’s very much a balancing act. “We have to be careful that we don’t end up predicting nine of the next two crises, or that we precipitate what we’re trying to avoid.” Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking 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 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 PastSerendipity 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 FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comlast_img read more

first_img Share whatsapp Tags: NULL whatsapp SOUTHERN Cross Healthcare, the British care homes operator in takeover talks, posted a wider full-year operating loss after cuts in government spending hit admissions and put pressure on fees.Chief executive Jamie Buchan said the group, which has 38,600 beds across 752 care homes, was being squeezed by spending constraints at local authorities and was having to fight to maintain fee levels.“Our position is there is no justification for a decrease in fees,” he said. “We have cost pressures from the minimum wage and utilities, and there are more and more frail people with increasing needs.”The company posted an annual operating loss of £44.1m, after a non-cash charge, on 2.3 per cent higher revenue of £959m.The company remains in takeover talks, with private equity firm Blackstone said to be the the potential bidder, after negotiations with Towerbrook Capital, another private equity investor, broke down.Buchan did not confirm the Blackstone talks but said the group needed new capital to invest in the business.The board was looking at strategic options that could include a sale, he said, and was also talking to its landlords about restructuring its rents.Buchan said he was focused on further improvements to care standards, increasing the number of self-funded residents and making more cost savings against a tough trading backdrop.“We anticipate another challenging year involving continuing pressure on fee levels and placements which, when combined with fixed and variable cost inflation, have the potential to impact profitability,” he said. 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}MoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldcenter_img KCS-content More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.comConnecticut man dies after crashing Harley into live bearnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Southern Cross losses widen Show Comments ▼ Tuesday 7 December 2010 8:06 pmlast_img read more

first_img whatsapp Share Porsche sales in China jump by 63 per cent Wednesday 26 January 2011 9:04 pm Porsche yesterday announced it has smashed its sales record in China, shifting almost 15,000 vehicles in 2010, an increase of 62.7 per cent on a year earlier.The German carmaker’s four-wheel-drive Cayenne model was the most popular, selling nearly 9,000 units. Sales of sports cars including the iconic 911 and the newer Boxster model rose 77 per cent year-on-year to 2,340.Bernhard Maier, Porsche board member for sales and marketing, said: “We can look back on an extremely successful 2010.”Maier added the firm would almost triple the size of its dealer network in China over the “next few years” to cope with demand from the emerging economic superpower. Porsche shares closed over seven per cent higher yesterday at €68.74 off the back of the Chinese sales surge and news its planned merger with fellow German manufacturer Volkswagen is likely to go ahead. A senior member of the Porsche family said the tie-up was on “the right track”, also sending shares in Volkswagen higher. Porsche supervisory board and family member Wolfgang Porsche also said the carmaker expected to hear next week whether hedge funds will appeal against the dismissal of their US lawsuit against Porsche.Porsche is to be subsumed into the Volkswagen empire with shareholders trading in their holdings for stock in Europe’s largest carmaker once their company is debt-free as part of a planned merger.Wolfgang Porsche also said that Qatar is unlikely to boost its 10 per cent stake in Porsche though the two sides are in talks for cooperation in several areas. The tiny Gulf Arab state’s sovereign wealth fund, Qatar Investment Authority, bought a 10 per cent stake in Porsche in September 2009. whatsapp Show Comments ▼center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe 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 ItMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Tags: NULL 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content last_img read more