Lloyds Banking Group takes the top spot on Stonewall’s top 100 LGBT employers as banking and legal dominate the list

Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndoUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsUndoPensAndPatronTori Roloff Confirms Devastating News About The FamilyPensAndPatronUndoMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndo whatsapp 4. Clifford Chance5.= MI55.= National Assembly for Wales7. Baker McKenzie8.= Berwin Leighton Paisner8.= Cheshire Fire & Rescue Service10.= Norton Rose Fullbright10.= KPMG12. Tower Hamlets Homes13.= Crown Office & Procurator Fiscal Service13.= RBS15. Leicestershire Police16. Cheshire Police17.= Dentons17.= Hogans Lovells19. PwC20.= MI620.= Police Scotland20.= Victim Support Lloyds Banking Group has taken the top spot of Stonewall’s top 100 LGBT employers list.Banking and legal dominated the list of the charity’s most inclusive employers. The top ranked law and finance firms (Source: Stonewall)The list is compiled from submissions to the Workplace Equality Index, a benchmarking tool used by employers to gauge their progress when it comes to LGBT equality in the workplace. Thursday 19 January 2017 8:20 am And in an anonymous survey of more than 92,000 staff from the 439 organisations that took part in the Index, one in eight said they didn’t feel comfortable disclosing their sexual orientation to any managers or senior colleagues.One in five trans employees wouldn’t feel comfortable disclosing their gender identity to any colleagues and 43 per cent wouldn’t feel happy disclosing their gender identity to any customers or clients.Top LGBT employers1. Lloyds2. Pinsent Masons3. JP Morgan Share Rebecca Smith whatsapp Stonewall’s chief executive Ruth Hunt called Lloyds “a trailblazer” for LGBT equality.António Horta Osório, group chief executive, Lloyds Banking Group, said: “We are honoured to be recognised by Stonewall as the leading employer for lesbian, gay, bisexual and transgender people. Lloyds Banking Group is committed to supporting diversity in its workforce so that we can harness all of the qualities and talents of our colleagues to achieve our aim of helping Britain prosper.”Read more: Lloyds leads the banking sector in LGBT AwardsEight organisations were deemed to have gone above and beyond in demonstrating their commitment to LGBT inclusion at work are Accenture, Barclays, EY, Gentoo, Goldman Sachs, Home Office, Simmons & Simmons and Nottinghamshire Healthcare NHS Foundation Trust.There were no media companies in the top 100 though, nor firms from travel or construction, while Stonewall said retail, leisure and arts were all underrepresented. Lloyds Banking Group takes the top spot on Stonewall’s top 100 LGBT employers as banking and legal dominate the list Lloyds, which came second to MI5 last year, launched a new colleague volunteering programme and formed official partnership with lesbian, gay, bi and trans (LGBT) charities.Law firm Pinsent Masons took the second spot (up from fifth last year), while JP Morgan shot up the list from 41st place in 2016 to third for 2017.Read more: It’s official: The government is no longer Lloyds’ largest shareholder read more

Businesses must put more cash into commercialising top tech R&D from universities, say MPs

Businesses have been told to increase their investment in the world-class research and development which goes on in UK universities by MPs, to bring innovations to market and bring it in line with other countries.Members of the science and technology committee have called for a greater focus on the demands of business rather than the supply of research being done by universities, in a fresh report. Businesses must put more cash into commercialising top tech R&D from universities, say MPs Share Read more: Here’s exactly what the £2bn boost for UK R&D entailsBut, the report concluded it needs to go further than the creation of a new body, UK Research and Innovation which will bring various agencies into one, and the Industrial Strategy Fund, which will put more cash behind cutting edge tech such as robotics, to break a cycle of many reviews on the matter in recent years, but little real progress in overcoming obstacles.“The UK lags behind competitors on R&D spending, so the committee hits the right note in their call for more investment. In this, the private sector and government both have a major role to play,” said the CBI’s head of digital and innovation Felicity Burch.“Collaboration between businesses and universities can help the UK make a better job of not just delivering ground-breaking research here, but also commercialising those products. Making this a reality is a complex task and so the committee rightly highlights the value of the R&D tax credit and grants to business.” Monday 13 March 2017 5:56 pm whatsapp Lynsey Barber “Without a healthy commercial demand for R&D, the scope for universities to engage more in technology transfer is limited,” said MP and committee chair Stephen Metcalfe.Read more: Robotics, 5G and everything promised for tech in the Budget”Progress on this front is disappointing. The overall R&D intensity of the UK business sector is still too low compared to other OECD countries. Encouraging British business to invest more in UK R&D should be a key goal of the Government’s Industrial Strategy.”Meanwhile, it identified that R&D tax credits, while a good tool, are currently too complex and urged the government to consider simplifying the scheme in a review, first announced in the Autumn Statement last year. The MPs commended the government’s renewed focus on efforts to commercialise the innovation being done at institutions across the country in its Industrial Strategy, however, with ambitions for creating a Darpa-style programme of collaboration. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likehttps://yourhelthcare.comThis Is What Will Happen When You Eat Bananas Every Dayhttps://yourhelthcare.comCookingAmour10 Delicious Freezer Meal Recipes to Dump into the Slow Cooker.CookingAmourLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsHealth & Human ResearchIf You Eat Ginger Root Every Day, This is What Happens To Your BodyHealth & Human ResearchLivinglyRoyals Who Are Almost IdenticalLivinglyCleverstOctomom’s Kids Are All Grown Up. Here’s How They Turned OutCleverstanymuscle.com15 Symptoms of Diabetes You Shouldn’t Ignoreanymuscle.comDigital Transformation Courses | Search AdsDigital Transformation Courses in Scottsdale Might Be Easier Than You ThinkDigital Transformation Courses | Search AdsTips and TricksShe sticks a rose stalk into a potato and look what happens a week later! Amazing!Tips and Tricks read more

Saga shakes up travel operations and axes insurance broking chief

More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Share Saga shakes up travel operations and axes insurance broking chief whatsapp Saga today announced a boardroom shake-up, restructuring travel operations hit by Britain’s biggest airline failure.Tour operations and cruises are to be combined and run by new Saga travel chief executive Robin Shaw. Jeanette Linfoot, previously the managing director of tour operations, left at the end of December. Shaw was previously the head of Saga’s cruise offering.Saga shocked the markets in December, delivering an unscheduled trading update, warning the failure of Monarch Airlines would hit annual profit growth. Shares plummeted by a third in the wake of the announcement and have subsequently failed to materially regain lost ground.In last month’s update Saga also warned on challenging insurance broker market conditions.Roger Ramsden, the chief executive of retail broker division Saga services, was due to step down and move to “a new role within the group”. Today, after a “review of the group’s operating structure” it was announced Ramsden will not take up a new position within Saga and will leave in the first quarter of 2018.Ramsden will be replaced by Gary Duggan, who will also take on responsibility for financial services arm Saga money. Oliver Gill “These changes provide us with a more focused executive team as we target and invest in growth in the Saga customer base to achieve our long-term ambitions,” said Saga group chief executive Lance Batchelor.”Roger and Jeanette leave with my warmest thanks for the significant contributions they have made to the business and I wish them both all the best for the future.”Shares in the FTSE 250 firm dipped by 0.48 per cent in opening trading. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCookingAmour12 Unexpected but Great Uses for Vicks VapoRub.CookingAmourTrendscatchersFind Out What Cars, Billionaires Like Oprah Winfrey Owns – It’s Not What You Would ExpectTrendscatchersHome Foundation Repair2021 Prices For Home Foundation Repair could be cheaper than you thinkHome Foundation RepairEverydayKoalaWoman Loses 120 Lbs In 1 Year With 5 Simple StepsEverydayKoalaHistory 10Gorilla Avoids Staff, Then They Look At His HandsHistory 10Auto carLook: Top 5 best hybrid SUVs 2021 | AutocarAuto carMoneyPailVanilla Ice Has A Wild Kangaroo As A PetMoneyPailWeniixTop 5 Best Affordable Sports Cars 2021 – WENIIXWeniixNinjaJournalistCareless Workers Caught In Unbelievable MomentsNinjaJournalist Thursday 4 January 2018 2:21 pm whatsapp read more

TSB warns of 2018 profit dent from increasing Lloyds outsourcing fees

TSB said it was “confident in the strength of the UK economy”, although “mindful of the challenges ahead” as the Brexit process continues, pointing to its 20 per cent tier one capital ratio, among the largest buffers in the UK.Pester said the excess capital above the ratio of around 10 to 12 per cent – a more usual level of bank capital holdings – represents a “war chest to invest in growing the bank”.Meanwhile, TSB also announced Richard Meddings will take over as chairman of the board with immediate effect, after Will Samuel stepped down after four years in the role. Meddings’s succession was widely expected after he joined the bank in September last year. Friday 2 February 2018 11:04 am Challenger bank TSB today warned that increasing fees to Lloyds for running their computer systems will dent 2018 profits.Statutory profits before tax fell by more than 10 per cent to £162.7m, from the £182m seen last year mainly because of increased outsourcing fees, TSB reported today in a full-year update. Jasper Jolly More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com The bank, which spun out of Lloyds in 2013 to create more competition following the financial crisis, still relies on its former owner to operate its legacy banking platform.Paul Pester, TSB’s chief executive, told City A.M. he expects the full migration away from the Lloyds platform will likely be carried out in April. The annual cost of ongoing support will be pro-rated, meaning that TSB will save a portion of the £100m cost savings expected in future years.”I’d love to get it out of the way as soon as possible,” Pester said.The increase in the contractual fees drove TSB’s operating costs up by 16.7 per cent year-on-year to £821.3m, driven primarily by the £122m increase in outsourcing fees paid to Lloyds.At the end of last year TSB, owned by Spain’s Banco Sabadell, launched its own new banking platform, which will allow it to stop paying Lloyds this year. 2,000 bank employees are currently using TSB products in beta testing. whatsapp TSB warns of 2018 profit dent from increasing Lloyds outsourcing fees TSB’s measure of underlying profits, excluding the Lloyds costs and other one-offs, grew by £110.2m, a 62 per cent year-on-year increase.Pester greeted the bank’s underlying performance as “fantastic”, striking a confident note ahead of a planned push to expand its small business banking.TSB last month hired former HSBC and Oaknorth executive Richard Davies to build its business banking, ahead of the announcement of the award of remedies imposed on Royal Bank of Scotland to boost competition. Pester said he hoped to win some of the millions on offer to “break the shackles the big banks have” on the market.”It would be a travesty if any of it ends up in the pockets of the Big Five,” he added, referring to the possibility that Santander could be in contention for some of the money.The bank also announced bonuses for its staff of 12.5 per cent of their annual salaries, adding up to a total of £30m. TSB awards a flat bonus across the business, with performance based on customer service rather than sales incentives. whatsapp Share read more

‘Trump could be the best president since Reagan’: US ambassador Woody Johnson on trade deals, tariffs, Brexit and London’s ‘surprisingly good’ restaurants

Surely our American allies are working closely with the UK authorities? “The President and the national security adviser will look at this and see what the appropriate response from the US is, if any.” I ask if he shares the view expressed by Tom Tugendhat, the chair of the Commons foreign affairs committee, that Russia is “a rogue state.” He’s reluctant to wade into this, saying “I’m not going to really characterise Russia as anything… we know what the problems are between our countries, the President is well aware of what’s going on.”Push too hard on security or trade policy and Johnson will shoot a furtive glance at his media team. I suppose it’s the role of a diplomat to keep his cards close to his chest. On life in the capital he is much more open, saying “the restaurants in London are surprisingly good” – high praise from a New York billionaire. “I think you could call London the culinary capital.” Christian May At a reception for journalists in the old Grosvenor Square embassy last summer, Johnson said that once we got to know Donald Trump, we’d learn to love him. There’s little sign of such affection having emerged since then, but Johnson has lost none of his enthusiasm for being Trump’s man in London, insisting that he could be the greatest President since Ronald Reagan.He’s keen to hammer home the economic success story unfolding back at home: “Take a look at what the President has accomplished in one short year – record job creation, record consumer confidence, record employment.”He bristles at the idea that any of this would be undermined by the consequences of Trump’s planned tariffs on steel and aluminium imports but is unable to offer much of a defence for the policy, instead saying we should “take a look down the road rather than be distracted by these various bumps in the road… we don’t know what the final answer is on steel, I don’t know how exactly this is going to resolve itself or what the motivations are, or how it will be structured.”Read more: EU seeking more clarity over Trump’s tariffs moveWon’t these tariffs hurt US consumers and manufacturers? “Maybe yes, maybe no.” Will there be an exemption for the EU, or the UK? “Maybe yes, maybe no.” It’s clear that the tariff policy is still being worked out back in Washington, and the talking points haven’t yet landed in America’s embassies across the world. Johnson declines to respond when I quote Liam Fox, the international trade secretary, who labelled Trump’s tariff policies “absurd.” whatsapp whatsapp Tuesday 13 March 2018 12:09 pm Nevertheless, Fox is making the UK’s concerns known in Washington. Furthermore, it will be Fox who leads the charge for a post-Brexit US-UK trade deal, something Johnson describes as “key for both countries”.Trump’s predecessor, Barack Obama, intervened during the referendum campaign to say that the UK would be “at the back of the queue” for a trade deal if it left the EU, and Johnson is keen to stress that “there’s a different attitude now, the UK will be at the front of the line, as soon as we’re legally allowed to do it”. What this line might lead to, though, is less clear, given the America First strategy being pursued by the Trump administration. Indeed, the only detail Johnson offers on what a trade deal might look like is that “there’s quite a bit of work going on in the US, we have assets to protect, companies to protect”. This doesn’t sound like the warm embrace of free trade.While trade negotiations are a way off, US companies in the UK are facing up to the reality of Brexit, but Johnson says they’re more at ease with the situation than they were even six months ago. “The emotion that I saw when I first got here has lessened dramatically, the negative emotion [surrounding Brexit]”. The corporate attitude is now, instead, “we represent our shareholders, our investors, let’s get on with it and make the best of this situation.”Beyond Brexit, the US-UK security and intelligence relationship remains “robust and strong, closer than any other nation”. But Johnson won’t be drawn on discussing the attempted assassination of Sergei Skripal, saying only that “this situation will be handled by the Prime Minister, you’re going to handle these kinds of issues yourself.”Read more: May: Highly likely Russia was behind Skripal poisoning ‘Trump could be the best president since Reagan’: US ambassador Woody Johnson on trade deals, tariffs, Brexit and London’s ‘surprisingly good’ restaurants Share Six months into his term as Donald Trump’s ambassador to the UK, and newly installed south of the river in a fortress-like embassy, Woody Johnson is enjoying himself.“I’m loving it,” he tells me, in his first interview with a business newspaper since arriving in London last August. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHealth.recetasget10 Disturbing Things Your Nails Reveal About Your HealthHealth.recetasgetBedtimezThese Are The Most Loyal Dog Breeds For SeniorsBedtimezanymuscle.com20 Signs That Your Kidneys Aren’t Working Properlyanymuscle.comArticles StoneNo One Could Have Foreseen What Would Happen To The World’s First Surviving SeptupletsArticles Stonetibgez10 Signs & Symptoms of Lewy Body DementiatibgezAuto carLook: Top 5 best pick-up trucks 2021 | AutocarAuto carBrainSharperPatty Duke Reveals Who Sean Astin’s Biological Father Is, Paternity Test Leaves Him SpeechlessBrainSharperYummy PressTrue Love Is Empowering The Relationship Of Michael Fassbender and Alicia VikanderYummy PressRest WowStay Away From These Haircuts If You Are Over 40Rest Wow read more

Sky prepares for £97m advisory bill on Fox deal

Morgan Stanley and Barclays were listed in the circular as the transaction’s financial advisers and corporate brokers. PJT Partners was listed as an additional financial adviser.Fox, which already owns a 39 per cent stake in Sky, is currently facing down a higher bid from US broadcaster Comcast at £14.75 a share. Comcast remains ahead of the pack after Sky bosses recommended its offer to shareholders last month.Yesterday’s circular from Sky’s deputy chairman Martin Gilbert reiterated the independent committee’s advice that shareholders take no action on Fox’s offer.The news comes as the UK’s takeover watchdog said last week that should an existing deal for Walt Disney to acquire Fox and its current shares in Sky conclude before Fox buys up the rest of the broadcaster, Disney will have to match Fox’s £14 per share offer for 100 per cent of Sky.The US media corporation has until 22 September to come back to the board with a revised offer. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldCrowdy FanKaley Cuoco Net Worth Left Her Billionaire Husband SpeechlessCrowdy FanBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.commoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastVitaminewsFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldVitaminews Sky prepares for £97m advisory bill on Fox deal Emily Nicolle Monday 20 August 2018 10:04 pm whatsapp Read This NextBest Wine Gifts & Wine Accessories at Every PriceGayot20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapJim Cramer Calls for Billionaire Tax: ‘This Society Has to Start AddressingThe WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap Telecoms giant Sky has revealed it is anticipating a bill for its advisory team of between £90m and £97m, if 21st Century Fox triumphs in its attempt to takeover the firm.A circular published by the broadcaster today said it will spend as much as £61.5m on financial and broking advice, with an additional £20m to be spent on lawyers for their work on the deal with Fox. Other costs include accountancy fees and public relations advice. Share whatsapp read more

Bank of Cyprus sells €2.8bn of bad loans to Apollo

Tuesday 28 August 2018 4:10 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoHouse CoastPregnant Beggar Was Asking for Help, But Then One Woman Followed HerHouse CoastUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoCrowdy FanKaley Cuoco Net Worth Left Her Billionaire Husband SpeechlessCrowdy FanUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastUndoVitaminewsShe Had No Clue Why The Crowd Started Cheering HerVitaminewsUndo Bank of Cyprus Group has agreed the sale of €2.8bn (£2.5bn) in bad loans to US private equity giant Apollo in a deal that the bank – laid low by the Eurozone crisis – said will be “transformative”.Apollo, which manages assets worth $270bn (£209bn), will pay €1.4bn for the non-performing loan (NPL) portfolio – known as “Project Helix” – of mortgage lending to more than 14,000 companies. Bank of Cyprus will gain 48 cents for every euro in gross book value. 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com He added: “Since 2014, we have focused on decreasing our stock of NPLs and improving the asset quality of the bank, and today’s transaction is a significant step forward on our journey of de-risking the balance sheet and enhancing our capital position.”The deal, which is contingent on acceptance by the European Central Bank, the Eurozone’s banking supervisor, will lower the bank’s non-performing exposure ratio by 10 percentage points.The bank also announced a €220m capital raise which will boost its tier one capital ratio, a key measure of balance sheet strength. A “small number of institutional investors” backed the capital raise, the bank said.Morgan Stanley, KPMG and Alantra Corporate Portfolio Advisors International acted as financial advisors on the deal, with legal advice from Allen & Overy, Chryssafinis & Polyviou, and Ashurst. Bank of Cyprus sells €2.8bn of bad loans to Apollo whatsapp Jasper Jolly Share whatsapp The deal marks another milestone in the recovery of the Cypriot bank, which was forced to bail in depositors to avoid collapse in 2013. Shares in the London-listed bank rose by more than four per cent today.Since its near collapse the bank has slowly made its way back, with former Royal Bank of Scotland banker John Hourican leading the lender’s restructuring. Hourican will stay on until the end of 2020, the bank also announced today.The Helix transaction is the latest sale by the bank as it looks to reduce its balance sheet and focus on its core operations of lending in Cyprus. It sold its UK subsidiary, now known as Cynergy, in July for £203m.The servicing of the Helix loans will be taken out of Bank of Cyprus’s hands after a transitional period, although the timing has yet to be decided between the two sides.Hourican said: “This is a transformative sale for the Bank and is the first meaningful corporate and SME [small and medium-sized enterprise] NPL trade in Cyprus.” read more

CYBG’s £1.7bn takeover of Virgin Money approved by shareholders

whatsapp Read more: Virgin Media wins landmark legal case against council over land accessAll three resolutions were passed by over 96 per cent of CYBG shareholder votes while over 99 per cent of Virgin Money investors approved the merger. Gary Greenwood, analyst at investment group Shore Capital, said: “The takeover solves the problem that both banks had where they were struggling for earnings growth.”This takes out the need for Virgin to build up the digital bank, and should help drive earnings growth. There will be a degree of investment directed from Virgin to spend on the CYBG platform.”Virgin Money hired former Barclays boss Antony Jenkin’s fintech start up 10X Banking to create a digital platform for the challenger bank, however the development will be unnecessary as CYBG has its own service, called “B”.  whatsapp CYBG’s £1.7bn takeover of Virgin Money approved by shareholders Shareholders have backed banking group CYBG’s £1.7bn takeover of Virgin Money.CYBG, which owns Yorkshire Bank and Clydesdale Bank, and Virgin Money held general shareholder meetings this morning where three motions related to the deal were passed with an overwhelming majority. “I think the combination makes good sense in terms of cost take-out and in terms of deploying the Virgin brand to the SME growth plan, as the CYBG business bank is less well known outside its geographical heartland of Yorkshire and Scotland.””I remain positive on the logic of the combination,” Gordon said, “through the eyes of a CYBG shareholder it is an absolute steal.”Some shareholders voted against a £619,000 redundancy payout and £1.1m termination payment for Virgin Money chief executive Jayne-Anne Gadhia, however the motion was passed.The takeover will see Virgin Money’s shareholders hold 38 per cent of the group, and is expected to be completed before the end of the year.Chief executive of Virgin Money Jayne-Anne Gadhia said: “I am delighted with the support from our shareholder base in approving the recommended all-share offer for Virgin Money by CYBG. Addressing rumours that CYBG may attempt further acquisitions Greenwood said: “This is a big acquisition for both banks, with a lot of work to do.”It would be poor management to try and make other acquisitions straight away while they are trying to integrate this business.”They need to demonstrate integration to the market before they make any other moves.”In the long-term TSB, Santander or Co-op banks could be potential targets for CYBG, Greenwood suggested. Investec analyst Ian Gordon added: “It seemed to be a done deal so the actual votes did not surprise. Monday 10 September 2018 3:07 pm Jessica Clark “Bringing together the complementary strengths of Virgin Money and CYBG will create the UK’s first true national competitor in UK banking, improving competition and choice for all UK consumers, while enabling the Virgin Money franchise to continue to flourish.”Gadhia will act as a consultant to the board for up to 18 months and Clydesdale Bank’s chief executive David Duffy will lead the group. Read more: Petrol station merger could drive up fuel prices, watchdog finds Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBetterBe20 Stunning Female AthletesBetterBeCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverst read more

US duo awarded Nobel Economics Prize for work combining theories on climate change and technology

first_img whatsapp 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?MisterStoryUndoBetterBe20 Stunning Female AthletesBetterBeUndoRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndozenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushUndoOceandraw29 Brides Who Took Their Wedding Gown Way Too FarOceandrawUndo Monday 8 October 2018 11:50 am whatsapp Share US duo awarded Nobel Economics Prize for work combining theories on climate change and technology Two US economists have won with this year’s prestigious Nobel Economics Prize for work in integrating climate change and technological innovation.center_img Sebastian McCarthy William Nordhaus has been recognised for his work on the damaging financial implications of environmental factors such as climate change, while Paul Romer has examined how economists can achieve a healthy rate of economic growth.The Nobel Prize committee, which announced its decision late this morning in the Royal Swedish Academy, said that the duo have taken macroeconomics to a global scale and tackled some of the world’s biggest problems.It is the final Nobel prize to be awarded this year, coming as the latest in a series of largely unexpected decisions taken by the committee, including its notable lack of a literature award for the first time in 70 years.Paul Romer said:”It is entirely possible for humans to produce less carbon… Once we start to try to reduce carbon emissions, we’ll be surprised that it wasn’t as hard as we anticipated.”Last year the prize went to US economist Richard Thaler, a co-founder of the so-called “nudge” theory, which makes the case for positive reinforcement in helping to shape behavioural decisions. Read This Next20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamour’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamour’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapSmoking and Hair Loss: Are They Connected?VegamourRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapMinnesota Vikings rookie Jaylen Twyman shot four times while visitingSportsnaut Tags: Climate changelast_img read more

Russia to deploy hypersonic missiles which can evade defence systems ‘within months’

first_img Tags: People Vladimir Putin Russia to deploy hypersonic missiles which can evade defence systems ‘within months’ whatsapp The system claims to be capable of hitting targets up to 2,000km (1,250 miles) away, according to reports in Russian media.Russian Mig-31K jets carried the Kinjal (dagger) missiles. The Avangard hypersonic missile, which boasts “a glider manoeuvring warhead” was shown in a video clip in July.Putin revealed the programme, and other missile systems he said were unbeatable, during his re-election campaign in March.However, officials in Washington have questioned whether Putin actually has any capabilities beyond those already known to the US military.Russian media reported that Putin also sent a warning to the West during his speech in Sochi: “Any aggressor should know that retribution will be inevitable and he will be destroyed. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org The new hypersonic missiles could evade western defence systems.Read more: Kremlin says Dutch expulsion of Russian agents was a “misunderstanding”“We have overcome all our partners and competitors, so to speak, in this area. Nobody else has high precision hypersonic arms,” Putin said today, according to the BBC.The Avangard system was developed in direct response to a new US missile defence system, Putin said.The new generation of missiles were first shown off at a Red Square parade in May to commemorate Russian efforts in the Second World War. Vladimir Putin has said Russia will deploy new state-of-the-art missiles “within months”, putting the country ahead of its rivals in the West. August Graham Thursday 18 October 2018 3:59 pm whatsapp Share Read more: Putin calls Novichok attack victim Skripal a ‘scumbag’“And since we will be the victims of his aggression, we will be going to heaven as martyrs.“They will simply drop dead, won’t even have time to repent.” last_img read more