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UBS names four new securities co-heads in a division reshuffle

first_img KCS-content UBS restructured its profitable securities division yesterday, unveiling four co-heads that will cover equity and fixed income, currencies and commodity sales and trading.The Swiss bank told staff in a memo that co-heads Rajeev Misra, Yassine Bouhara, Francois Gouws and Roberto Hoornweg will report to its investment bank head Carsten Kengeter.But Dmitrios Psyllidis, its global co-head of fixed income, is to leave the bank to return to his family in his native Greece. A UBS spokesman said Psyllidis “had done a brilliant job” and was leaving for personal reasons. The reshuffle has however not named a position for head of securities Neal Shear. The rejig follows a major securities division recruitment drive by UBS over the past year. More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative 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.org Show Comments ▼ Tags: NULL Share whatsapp UBS names four new securities co-heads in a division reshuffle Tuesday 1 March 2011 8:52 pm whatsapplast_img read more

Finance boss Solomons steps into the breach

first_imgWednesday 16 March 2011 8:35 pm KCS-content Tags: NULL 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 IHG chief finance officer Richard Solomons has been at the heart of the company’s expansion in China and rebranding of its Holiday Inns.He has been a constant travelling companion of outgoing chief executive Andy Cosslett as the pair turned round the company’s fortunes after the recession. The Manchester University student, now 48, qualified as a chartered accountant with KPMG in 1985. From there he worked in investment banking for seven years with Hill Samuel (now part of Lloyds Banking Group), including a two year stint in New York. The executive, who is married with three children, joined IHG in 1992. He has held a series of senior roles with the company, including heading up the Americas hotel division. He told City A.M. last year he was committed to tapping the vast potential that he believed the group had in China, and using smartphone technology to fuel a rise in bookings. He said: “I am always watching and thinking of ways to do things better”. whatsapp Show Comments ▼ whatsapp Share Finance boss Solomons steps into the breach last_img read more

Consumer morale at new low

first_img KCS-content Thursday 17 March 2011 8:40 pm whatsapp Consumer morale at new low Show Comments ▼ 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.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.com whatsapp Share CONSUMER confidence plummeted to an all-time low in February, according to a Nationwide survey released today.The survey’s headline measure of morale on the high street collapsed by 10 points, as households continue to feel the squeeze.The headline index dropped to a score of 38, from 48 in January. At the same time last year it was significantly higher, measuring 82 points.“Consumer confidence has now reached its lowest level in the survey’s history, superseding the previous low seen during the recession,” said Nationwide economist Robert Gardner.“A fall in expectations towards the future was the main factor driving the index down,” Gardner said.The expectations section of the index – which gauges respondents’ economic expectations six months from now — flopped to 50 points, from 64 the month before.Yet even the present situation index fell to its lowest level for 18 months, while the spending index hit its lowest level since the survey began in 2004.The spending index fell by 18 points in February, to a score of 52. The proportion of consumers who believe now is a good time to buy household goods is just over a fifth (21 per cent), dropping by 14 per cent on the previous month. Meanwhile, the proportion feeling now is a good time for purchases fell three per cent.“Inflation is showing few signs of easing, and high fuel prices and the VAT increase have further eroded disposable incomes in recent months,” Gardner added. Tags: NULLlast_img read more

MP: Financial crisis was due to weak competition

first_imgWednesday 30 March 2011 7:49 pm Tags: NULL Show Comments ▼ KCS-content BARRIERS to entry must be cut in order to promote competition in the banking sector, former City worker Andrea Leadsom MP will say today.A lack of real competition was a key cause of the financial crisis, as market concentration hindered the free entry and exit of banks, Leadsom argues in a report for the Centre for Policy Studies.The Financial Conduct Authority (FCA) should also take measures to end a situation where banks are “too big to fail,” and instead can fail and exit safely, the report says.Competition authorities have been too junior for too long, Leadsom will argue, calling for a new financial competition commission to carry out investigations.The authority would also “ensure products and services offered are themselves subject to competition,” it says.Leadsom is currently a member of the Treasury Select Committee. 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 TimesBetterBe20 Stunning Female AthletesBetterBeTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldcenter_img whatsapp MP: Financial crisis was due to weak competition Share whatsapp More From Our Partners Brave 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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

More Riversdale investors accept Rio Tinto deal

first_img 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap KCS-content Share More Riversdale investors accept Rio Tinto deal RIO TINTO edged closer to sealing its planned takeover of Australian coal group Riversdale Mining yesterday after it secured acceptances from 49.49 per cent of shareholders. In order to mop-up more than 50 per cent of the shares, Rio has extended its bid, which had been due to close last night, until 20 April. Rio announced the stake, the extension and, as previously flagged, the sweetening of the offer from $16 to $16.50, last night.The firm lowered its acceptance threshold last month after more than four months of tussling, when Riversdale’s top shareholders, Tata Steel and CSN, refused to sell their combined 46.9 per cent stake. Rio Tinto is pursuing bolt-on acquisitions rather than blockbuster deals this year, as it returns $5bn to shareholders under a buyback scheme. Riversdale shares closed at A$16.42 yesterday in Australian trading before Rio’s announcement. whatsappcenter_img whatsapp Wednesday 6 April 2011 7:54 pm 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 Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tags: NULLlast_img read more

Retailers at risk of going under are on the increase

first_imgTuesday 12 April 2011 8:17 pm THE NUMBER of retailers at risk of going under shot up for the second consecutive month in March, according to insolvency firm RSM Tenon.The number of companies deemed to be at high risk of insolvency jumped by four per cent in March, compared to the month before, and jumped two per cent compared to this time last year.The development comes following the worst fall in sales since records began in 1996, with a drop of 1.9 per cent in March compared to the same period last year, findings by the British Retail Consortium show.More than 8,000 retailers were shown to be in danger of going under last month, according to RSM Tenon’s ‘traffic light report’.Head of recovery Carl Jackson said: “We may technically be out of recession, but it is clear that the high street is struggling at the moment. Retailers are suffering as their costs soar with increased fuel and manufacturing costs and shoppers remain thrifty with their purchases. It appears people just aren’t spending unless they have to – and who can blame them as they struggle with the cost of increased tax burdens and rising inflation.” 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Share whatsapp Retailers at risk of going under are on the increase center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.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 Show Comments ▼ KCS-content Tags: NULLlast_img read more

Tullow in Ghana oil output boost

first_img Share Wednesday 13 April 2011 3:33 am John Dunne 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.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.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org whatsapp Crude oil production from Ghana is nearing 80,000 barrels per day and should reach its 120,000-bpd target by August, the operator of the country’s sole producing field said on Tuesday.“Production today stands at about 70,000 barrels per day and I expect it to reach about 75,000-80,000 barrels by next week,” Stuart Wheaton, an official at Tullow Oil’s Ghana unit, told an oil and gas conference in Accra.“Our expectation is that with further completions coming we should be getting about 120,000 barrels per day by July, August time,” he added.UK-based Tullow operates Ghana’s offshore Jubilee oil field, which began producing in December 2010.Appiah Kyei, an executive at Tullow Ghana, told the conference that Jubilee had boosted the firm’s exploration activities across the West Africa coast.Kyei said Tullow planned to carry out “high-impact exploration and drilling that could potentially unlock about 5 billion barrels of oil”.“In Ghana itself, our appraisal activities this year alone are going to take us close to 2 billion barrels of oil if our upside predictions come true,” he said, adding that exploration would be carried out in Liberia, Sierra Leone and Ivory Coast. center_img 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 PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsMoneyPailShe 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 Herald Tullow in Ghana oil output boost whatsapp Tags: NULLlast_img read more

New counting firm emerges amid AV row

first_img whatsapp Show Comments ▼ A SECOND vote-counting machine boss, whose firm stands to gain from a switch to the Alternative Vote, has extolled the virtues of scrapping Britain’s first past the post electoral system.Anne Marie-Slavin, chief executive of Opt2Vote, a vote-counting firm that has a contract for all of Scotland’s council and by-elections, said: “The introduction of electronic counting, and possibly AV for parliamentary elections, as part of the government’s overall modernisation programme should be encouraged.”Her backing comes just days after Nick Clegg accused his coalition allies of lying about electronic counting. He said claims that the introduction of AV would require expensive automated machines was “lies, misinformation and deceit”.Yet his broadside, seen as an attack on Prime Minister David Cameron, was questioned by detractors.“This shows that the consensus among those who run elections is that the introduction of AV will mean councils have to purchase expensive vote counting machines,” a spokesperson for the No to AV campaign said.“Here is a company that runs elections urging a yes vote for the potential commercial interests AV would bring.”It had already emerged that the Electoral Reform Society, a major backer of the “Yes to AV” campaign, believed it could gain financially under AV.Several prominent City figures have pledged thousands of pounds to the “No” campaign in the run up to the 5 May referendum.The campaign’s chairman, founder of derivatives dealer CMC Markets Peter Cruddas, has made a £400,000 donation, whilst Lord Sainsbury has donated £100,000.The former head of FTSE100 firm Man Group, Lord Fink, and co-founder of Hargreaves Lansdown Peter Hargreaves, also pledged significant sums. Share KCS-content 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 TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsmoneycougar.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 HeraldMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorycenter_img 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 ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Monday 25 April 2011 11:14 pm New counting firm emerges amid AV row whatsapp Tags: NULLlast_img read more

FanDuel unveils Alexa DFS game

first_img Regions: US FanDuel has released a new voice-activated NFL fantasy sports game on Amazon Echo’s Alexa in a North American industry first.The Alexa skill gives American football fans the chance to win entry into the Alexa Pick 6 $1K Free Play competition. Contestants play the game by making six predictions about what they think will happen during the Sunday Night and Monday Night NFL games.Paddy Power Betfair-owned FanDuel, which operates New Jersey’s most popular sportsbook, Meadowlands, told iGamingBusiness.com it does not currently have plans to introduce betting via the Amazon smart speaker. The company added that the Alexa game is part of its strategy of offering players more game opportunities.“FanDuel is all about innovation,” a FanDuel spokesperson told iGamingBusiness.com. “Voice recognition products like Amazon’s Alexa are a new frontier and we thought it was a great way to incorporate our fantasy product in a fun way.“Our marketing goal this year is to provide sports fans with more ways to win and our Pick 6 offering does just that. Now Alexa offers fantasy football fans another way to win.”As well as offering contests, FanDuel is providing a wealth of coverage via Alexa such as pre-game scouting reports, in-game updates and post-game analysis.The company said feedback from users has been “extremely positive”.As well as its successful launch in New Jersey, FanDuel began taking bets at Boyd Gaming’s IP Casino Resort and Spa in Mississippi last month. Tags: Fantasy Sports 10th October 2018 | By contenteditor DFS Voice-activated contest is part of operator’s marketing strategy Topics: Sports betting Tech & innovation DFS Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter FanDuel unveils Alexa DFS game Subscribe to the iGaming newsletterlast_img read more

Betfred faces legal action over voided £1.7m payout

first_img Subscribe to the iGaming newsletter 22nd November 2018 | By contenteditor Betfred is embroiled in a legal battle with one of its UK customers after voiding an apparent online jackpot win of  £1.7m (€1.9m/$2.2m). Andrew Green of North Hykeham, Lincolnshire won the jackpot prize while playing the Playtech title Frankie Dettori’s Magic Seven in January this year. Green said he confirmed the win via a phone call with Betfred, after which he spent more than £1,000 celebrating with family and friends. Days later, however, Betfred contacted Green to inform him that the game had suffered a software malfunction and no legitimate jackpot win had occurred, meaning he would not be receiving a payout. According to the BBC, Green said he had been playing the game for six hours before he won the jackpot, having started out with £100 in his account. “Even if there was a malfunction that is not my fault – all I could do was press a button,” he said. Green’s solicitor also said Betfred refused to produce evidence of the reported glitch, despite repeated requests to do so. A preliminary hearing on the case took place in the High Court earlier this week. A Betfred spokesperson said in a statement: “Unfortunately, and as Mr Green is aware, a new game release… suffered a software malfunction in January this year and no legitimate jackpot win occurred. “Given that Mr Green is currently exploring his legal options, it would be inappropriate for us to comment further.” The case continues.Image: George Hodan Topics: Finance Legal & compliance Bookmaker has blamed a software malfunction for the error  Finance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Betfred faces legal action over voided £1.7m payout Regions: UK & Ireland Email Addresslast_img read more