Sanofi-Aventis sticks to its $69 per share offer for drugmaker Genzyme

first_img whatsapp Sanofi-Aventis has not changed its offer of $69 per share for drugmaker Genzyme, it said yesterday. Genzyme rejected Sanofi’s offer, claiming it had dramatically undervalued the US company.But Sanofi spokesman Jean-Marc Podvin said yesterday: “We have one offer at $69. No other offer has been made … We would like to enter into a dialogue.”He declined to comment on a Wall Street Journal report released over the weekend that said Sanofi had approached Citigroup and Bank of America about additional financing as it contemplates raising its $18.5bn (£11.6bn) bid.Industry analysts said the fact that Sanofi may have roped in more lenders did not change prospects for a deal as funds were already available for the move. Sanofi has said it already has financing from JP?Morgan Chase, BNP Paribas and Societe Generale. The French drugmaker wants to reach an agreement but has not ruled out a hostile offer made directly to Genzyme shareholders if its efforts continue to be blocked. KCS-content Share whatsapp Sanofi-Aventis sticks to its $69 per share offer for drugmaker Genzyme Show Comments ▼ Monday 27 September 2010 7:57 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

BCC: keep spending to help businesses

first_imgSunday 10 October 2010 11:49 pm Share Tags: NULL BCC: keep spending to help businesses Show Comments ▼ THE government should protect spending on transport and press ahead with a superfast broadband network even as it makes swingeing cuts, the British Chambers of Commerce (BCC) has said. In a submission to the Treasury ahead of the comprehensive spending review (CSR) next week, the BCC said the government should prioritise public spending that supports growth in the private sector. It also called for a hike in Britain’s trade promotion budget in a bid to boost exports. “Businesses recognise the restraints that the government is operating under, but by focusing on a pro-growth agenda the CSR can act as a catalyst for private sector investment and growth,” said David Frost, director-general of the BCC. center_img Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap whatsapp KCS-content 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 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 TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapplast_img read more

BEST OF THE BROKERS

first_img Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndo KCS-content Show Comments ▼ Share Monday 11 October 2010 8:22 pm center_img whatsapp whatsapp NOKIAGoldman Sachs issues a “neutral” rating for Nokia as the broker thinks the phone group will continue to trade in-line with near-term earnings momentum, which it believes is turning positive. However, the broker says the long-term risks to Nokia’s smartphone share remain high and warns the stock could prove a “value trap”.PRUDENTIALJP Morgan Cazenove cuts Prudential to “underweight” from “neutral” and doesn’t see much upside in the current share price. The broker thinks the Pru seems to have avoided the worst pitfalls that have hurt some in the industry and raises its 2010 pre-tax operating profit forecast by 10.6 per cent but expects a flat 2011.SABMILLERNomura hands SABMiller a “neutral” rating and thinks that short-term expectations of a renewal of volume growth towards the company’s medium-term guidance may be unrealistic. The broker still expects mixed news flow in the key markets with the impact of the VAT increase in Colombia holding back better revenues. BEST OF THE BROKERS Tags: NULLlast_img read more

PM GIVES GREEN LIGHT TO MORE QE

first_img DAVID Cameron yesterday insisted the government would not delay spending cuts if the recovery starts to slow, but gave his strongest hint yet that he would support another round of quantitative easing. Describing himself as a “fiscal conservative but a monetary activist”, the Prime Minister used his first official press conference to play down suggestions the government would slow the pace of fiscal consolidation in the face of faltering growth. Cameron insisted the British economy was “making good progress” but cited several potential risks, including choppy recoveries in the US and Europe, as well as subdued lending to individuals and small businesses. However, he insisted that looser monetary policy – not slower spending cuts – would be a better tool for boosting demand. With interest rates already at near-zero, that would almost certainly involve another round of quantitative easing. He said: “I’ve always believed… that it’s monetary policy that is a better lever in terms of trying to make sure the economy is progressing and demand is growing”.The Prime Minister was responding to comments from energy secretary Chris Huhne, who used a newspaper article at the weekend to suggest the government was not “lashed to the mast” over spending cuts. “It’s a bit like setting sail,” he wrote. “If the wind changes, you have to tack about to get to [your destination].”Huhne’s comments fuelled fears the Treasury was planning to “reprofile” the spending cuts, effectively delaying big reductions in public expenditure until later in the parliament. Treasury officials admit there might be some marginal revisions to that amount that spending is cut by in each financial year, due to contractual obligations and the cost of making government workers redundant. But there is not expected to be any major change to the pace of fiscal consolidation; in the words of one official, there is “no Plan B”. Instead, the government hopes that the Bank of England’s monetary policy committee (MPC) will vote in favour of a second round of quantitative easing (QE) if the economy begins to flag. 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 whatsapp Tags: NULL PM GIVES GREEN LIGHT TO MORE QE KCS-content Share Monday 11 October 2010 10:02 pm According to a recent Bank report, the last batch of QE reduced market interest rates by between 75 and 100 basis points, suggesting it stimulated demand quite significantly. Cameron’s comments come as new data suggests the economic recovery will be sluggish. The British Retail Consortium will today say that like-for-like retail sales grew by just 0.5 per cent year-on-year in September, while the Royal Institution of Chartered Surveyors is expecting house prices to fall further. The British Chambers of Commerce will say there must be “forceful action on the part of government and the MPC” to avoid a double dip recession. whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Show Comments ▼last_img read more

Global regulators set to stop Rio and BHP venture

first_imgThursday 14 October 2010 9:38 pm Global regulators set to stop Rio and BHP venture 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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity 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 whatsapp Share BHP BILLITON and Rio Tinto’s $116bn (£72bn) joint venture in Australia hit another serious stumbling block yesterday when regulators in Germany and Japan moved to block the deal. The German federal cartel office said yesterday it intends to formally object to the venture next week, and the Japanese fair trade body said it was concerned about the deal. Steelmakers around the world have claimed that competition would be severely affected if the two giants were allowed to team up to share equipment in Western Australia. The pair said in a joint statement they were disappointed, but “continue to believe that the joint venture is pro-competitive and will increase the supply of iron ore”. The firms have not decided what action to take. Several global regulators including the European Commission and the Australian watchdog are also due to rule on the venture. KCS-content center_img Show Comments ▼ whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULL last_img read more

Coal India set for £2bn float

first_imgSunday 17 October 2010 11:17 pm Coal India set for £2bn float KCS-content THE INDIAN government is due to open the country’s largest ever initial public offering (IPO) today, in which it hopes to raise 150bn rupees (£2.1bn) by selling a 10 per cent stake of state-owned Coal India. The company is the largest coal miner in the world, producing 80 per cent of India’s coal in 471 mines and holding around 22bn tonnes of coal in extractable reserves. The sale share is set to top the massive $70bn rights issue undertaken by Brazilian energy firm Petrobras in September. Retail and institutional investors have until Thursday to sign up for shares, and the company is due to list on the Mumbai stock exchange from 4 November.India hopes to attract overseas investment with the sale, which the government has said will help fund social programmes and reduce the budget deficit. The divestment is part of the government’s plan to raise £5.3bn by March by selling holdings in state-owned companies.The IPO has already affected the Indian economy, with the rupee gaining 5.3 per cent in the last month in part due to the expectation of foreign investment. The Indian government strengthened the company’s position on Friday, when the Prime Minister’s office said Coal India is free to fully exploit its coal reserves. The firm’s future expansion had been uncertain after the environment minister declared around 40 per cent of its reserves out of bounds in order to protect the country’s forests.COAL INDIA SHARE SALE ADVISERSCoal India seems to have spared no expense for its £2.1bn rights issue, having hired six banking giants to manage the record share sale. Only two of the firms are based in India, though all the institutions have a large presence in the country. Citigroup was part of a conglomerate that earlier this month lent $1.2bn to coal firm New World to aid its takeover bid for Poland’s only public-traded coal producer. Citi, alongside fellow Coal India adviser Merrill Lynch, were hired to help a group of Australian coal producers including BHP Billiton in their doomed $6.4bn bid to prevent the privatisation of Queensland’s railway lines. Morgan Stanley, also advising, has a $4bn Indian-based investment fund with a focus on companies in the region. Enam Securities is an Indian-based underwriter, best known for working with Middle East Coal in 2009 when the firm went in search of partnerships in India. Deutsche Bank and Indian investment bank Kotak Mahindra Capital make up the remainder of the advising team. Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Show Comments ▼ Tags: NULL whatsapp whatsapplast_img read more

Reed Elsevier confirms gloomy outlook as subscriptions remain weak

first_img Show Comments ▼ Reed Elsevier confirms gloomy outlook as subscriptions remain weak REED Elsevier yesterday reaffirmed its outlook for a slightly lower operating profit margin this year as subscriptions to its scientific and legal publications remained weak.The Anglo-Dutch company has been slow to respond to economic recovery as corporate subscriptions come up for renewal only periodically, and are worth less as firms employ fewer staff – a fact that protected it in the early stages of the recession.It has also been investing heavily in its Lexis Nexis legal business in the United States, where it is working to reverse a long decline in market share against Thomson Reuters’ Westlaw.A company spokesman said: “A modest reduction year on year in adjusted operating margin is expected, due to a weak revenue environment and increased investment in legal markets. Any sustained recovery is expected to be gradual and remains dependent on economic conditions.”Reed said it was making good progress in developing legal products for the US market, although subscription renewals continued to reflect low levels of legal activity.This week, Reed agreed to sell Lexis Nexis Deutschland to Wolters Kluwer, effectively ceding the German market to its Dutch rival, which has invested there for a quarter of a century. Reed said yesterday its exhibitions business – the world’s largest, which includes the annual mipcom entertainment fair and the Vienna Auto Show – was stabilising. It expects to grow this division over the next year. Thursday 18 November 2010 7:33 pm 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 PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com KCS-content center_img Share whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more

Fed forecasts US slowdown

first_img whatsapp Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndo Share Tuesday 23 November 2010 9:13 pm whatsappcenter_img PROSPECTS of an American recovery are less bright than previously thought, according to minutes of the most recent Federal Reserve (Fed) meeting, released last night.The Fed expects unemployment for next year of around 8.9–9.1 per cent, up from its last prediction of 8.3–8.7 per cent.Furthermore, its growth forecasts for 2011 fell to 3–3.6 per cent, down from 3.6–4.5 per cent. Despite low inflation, the Fed expects Core Personal Expenditure (PCE) of 1–1.1 per cent this year. The last forecast was for 0.8—1 per cent. All but one dissenting member supported monetary policies of quantitative easing (QE) combined with interest rates kept as low as possible.Yet the minutes reveal intense discussions over the second phase of quantitative easing (QE2).Several members thought further easing “could cause an undesirably large increase in inflation”.QE could provoke “unwanted downward pressure on the dollar”, said some members, and might “have only a limited effect on the pace of the recovery” and further monetary stimulus “would be warranted only if the outlook worsened and the odds of deflation increased materially,” the minutes say. Fed forecasts US slowdown More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org KCS-content Tags: NULLlast_img read more

Trichet warns Ireland to stick to its bailout plan for sake of euro

first_img Share Trichet warns Ireland to stick to its bailout plan for sake of euro whatsapp whatsapp Tags: NULL EUROPEAN Central Bank head Jean-Claude Trichet said yesterday Eurozone countries must do more individually and collectively to combat the bloc’s debt crisis, and Ireland must stick “rigorously” to its bailout plan.In a position paper published on its website, the ECB earlier expressed “serious concerns” that Ireland’s rescue package could affect the institution’s liquidity operations in the Euro zone.Asked if he was concerned about the health of Irish banks, Trichet said: “The Irish [bailout] plan is designed for Ireland to face up to its own particular problems, which have mostly to do with its banking system.”“We consider it necessary [for Ireland] to complete this plan rigorously,” he added. Show Comments ▼ KCS-content Monday 20 December 2010 8:58 pm 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 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof last_img read more

BAA chief will give up bonus

first_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof KCS-content Wednesday 22 December 2010 8:51 pm Show Comments ▼ Share center_img BAA chief Colin Matthews will relinquish his 2010 bonus, following criticism of the operator’s handling of bad weather at Heathrow airport. Matthews refused to confirm the amount of money involved when he announced his decision yesterday, but company accounts put his total earnings including bonus at £944,000 for last year.Despite Heathrow’s second runway reopening yesterday, two thirds of flights using the airport are still facing delays, and Matthews admitted that the response had been insufficient. “Passengers have been hugely disrupted,” he said in a statement. “I want to focus entirely on getting them where they want to be.” Gatwick airport, which BAA sold to Global Infrastructure Partners last year, has fared better during the recent cold weather. The operators have put this down to increased investment in snow-clearing equipment used by airports in Switzerland, with six new snowploughs ordered from Zurich in the past month.As BAA denied that a shortage of de-icer was to blame for the delay in clearing runways, UK road officials warned that more than half of the country’s salt stocks had already been used, and that rationing could be introduced to maintain supplies. BAA chief will give up bonus whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In 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 ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Tags: NULLlast_img read more