3i ramps up debt operations with £18m Mizuho purchase

first_img whatsapp 3i ramps up debt operations with £18m Mizuho purchase Tags: NULL Show Comments ▼ PRIVATE equity group 3i yesterday moved to expand its reach into the debt management space, snapping up debt specialist Mizuho Investment Management (MIM) for £18.3m.MIM will merge with 3i’s existing small-scale debt activities to create a third substantial string to the firm’s bow, alongside its private equity and infrastructure arms.The new business – 3i Debt Management – will have assets under management of around £4bn, almost £3.7bn of which come from MIM. MIM’s management and 3i’s existing debt management employees are to sink their own capital into the new business to acquire a 45 per cent stake, while 3i will retain a 55 per cent controlling interest.MIM’s current chief executive Jeremy Ghose will move over to 3i with his 28-strong team as chief executive of the debt management arm.The move by 3i comes just over a week after chief executive Michael Queen initiated a revamp of the group’s private equity operations, merging the buyout team with its growth capital arm. 3i lost one of its top dealmakers, head of buyouts Jonathan Russell, as a result of the shake-up. KCS-content whatsapp Monday 27 September 2010 8:09 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.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.com Sharelast_img read more

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Treasury to study high frequency trading amid worries of a crash

first_img whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com whatsapp Tags: NULL THE TREASURY has commissioned a study into high frequency trading amid concerns that computer-generated errors can play havoc with the economy. The department will sponsor an investigation into the practice, to be led by Lucas Pedace in the Government Office for Science, the Financial Times reports today. It will look into how computer trading impacts on the integrity, stability and efficiency of financial markets. The Treasury has expressed concern over “flash crashes”, after a computer glitch wiped 1,000 points from the Dow Jones in May. The study comes as the EU readies its own report on the use of computer trading, as part of the review of the Markets in Financial Instruments Directive. KCS-content center_img 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 Wednesday 29 September 2010 11:33 pm Treasury to study high frequency trading amid worries of a crash Share Show Comments ▼last_img read more

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Meddling with forex markets is risky

first_img Meddling with forex markets is risky whatsapp KCS-content ONE of the biggest problems in the City today is that so few people have worked in financial markets long enough to remember how things used to be just 25 years ago. This damaging lack of a collective memory helps to explain why so many investors remain so relaxed about the prospect of currency wars breaking out – or even support simplistic solutions which have previously been tried and seen to fail. I am therefore grateful to HSBC’s currency strategists, led by David Bloom, for reminding us that the last massive, globally coordinated intervention in the forex markets ended in tears. I am referring, of course, to the Plaza Accord of 1985, a seminal intervention which saw selling of the greenback by all the top central banks and which ultimately had a massive impact on the global economy, albeit not the one its proponents were seeking. Given the widespread disappointment about the failure of discussions at the IMF this weekend to resolve anything – as if there were ever any hope of any consensus emerging – this ought to provide food for thought for all those who believe that “something must be done”. There are many parallels with the current situation. The US was running a large trade and current account deficit in the early 1980s (about three per cent of GDP, the same as now), and US unemployment was unacceptably high (7.5 per cent, versus 9.6 per cent now). As ever, there were fears that US manufacturing jobs were being lost – in those days the enemy wasn’t China but rather Japan, partly because of the relative weakness of the yen, and Germany, because the Deutschemark was also thought to be too weak against the dollar. The agreement – struck at the Plaza Hotel in New York between the G5, made up of the US, the old West Germany, the UK, France and Japan – called for a “further orderly appreciation of the main non-dollar currencies against the dollar”, a decision which was followed by joint intervention. In the two years following the agreement, the greenback fell by about 35 per cent on a trade-weighted basis and by over 40 per cent against the yen, HSBC calculates, a dramatic drop. This did ultimately cut the US current account deficit; US unemployment began to fall from 1987, though the reasons for this were much more complex. Remarkably, while Japan’s current account surplus dropped from 4.5 per cent of GDP in 1986 to 2.5 per cent in 1989, there was no significant decline in the US trade deficit with Japan, whose firms were somehow able to cope with the soaring yen. But there were real, disastrous unintended consequences from the Plaza Accords. A fearful Japan thought it could compensate for the soaring yen by easing monetary policy in 1985 (and again in 1987). But this merely helped fuel a demented Japanese equity and land bubble, with asset values shooting through the roof before the bust finally came in 1990, taking down the banking system and eventually turning that country from economic wunderkind to basket-case. It is true that some currencies are hugely under-valued today: the Chinese renminbi by 17.7 per cent, the Malaysian ringgit and Hong Kong dollar by over 18 per cent and the Singapore dollar by 26.7 per cent, HSBC reports. Other countries – Indonesia, South Korea and Taiwan among them – also enjoy excessively cheap currencies. But the US should beware: any cure could easily turn out to be worse than the disease. Tags: NULLcenter_img Monday 11 October 2010 9:59 pm whatsapp Show Comments ▼ Sharelast_img read more

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Dairy Crest secures Tesco deal

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndo whatsapp 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comKansas coach fired for using N-word toward Black playerthegrio.com Tags: NULL Show Comments ▼ Thursday 11 November 2010 7:56 pmcenter_img Dairy Crest secures Tesco deal Share Dairy Crest yesterday reported a five per cent increase in first-half underlying pre-tax profit as sales of its key brands grew and it increased sales of fresh milk to major retailers. The company made an underlying pre-tax profit of £40.1m in the half year to the end of September, up from £38.1m the year before. Meanwhile Dairy Crest has secured a contract to supply Tesco with 50m litres of milk – about five per cent of the supermarket giant’s sales. It said higher profits in cheese – up 58 per cent to £12.5m – “more than offset” a lower performance in its dairies, which are battling against a highly competitive milk market. whatsapp KCS-content last_img read more

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AG Barr to hit target for year

first_imgWednesday 8 December 2010 7:24 pm Share Tags: NULL 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 ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald 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.comMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Show Comments ▼center_img whatsapp KCS-content AG Barr to hit target for year SOFT drinks group AG Barr said third-quarter revenue grew 6.4 per cent and the firm would meet its full-year plans despite stiff competition.The company, best known for its bright orange Irn-Bru drink, said yesterday general economic conditions continued to be tough with the price of raw materials increasing. “However, we expect to continue to mitigate these cost pressures and consequentially we remain confident of delivering our plans for the full year,” the company said. Its shares have gained more than a quarter of their value over the past year. last_img read more

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Betfair tanks after falling at first hurdle

first_img KCS-content Tags: NULL 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm RACING certainty Betfair yesterday dismayed punters after reporting lower than expected half-year earnings.The online gambling firm had ridden a lucky streak since its £1.4bn flotation earlier this year.But its pre-tax profits dipped 18.9 per cent to £7.4m after taking account of one-off items including the cost of its IPO, down from £9.2m the year before.Underlying revenue rose 12.3 per cent to £188.5m but core revenue grew just 1.6 per cent year-on-year.Its active customers jumped 31 per cent to 654,000, with strong revenue growth, but average customer spend dropped sharply in poker and horse racing.Betfair floated at £13 a share in October and subsequently rose to over £15. But yesterday it closed at £9.90 – a 16 per cent fall on the day and 24 per cent below the IPO price.Chief executive David Yu said conditions at the firm had been tough, admitting results in poker had fallen short of expectations and blaming the heavy snow for slowing growth.He said: “Recent weather conditions in the UK and Ireland… caused a number of race meeting cancellations, moderating growth rates in the quarter to date.”Betfair chief financial officer Stephen Morana said the group’s target of returning to 2010’s levels in poker next year is not likely to be met, with core poker revenue down 6.5 per cent after the migration of users onto a new platform in July.Morana declined to give a new timeframe but said: “Being realistic, it’s going to take longer. We are targeting double digit growth for 2011 overall… but poker will be a challenge for us.”The results have tarnished the halo surrounding the firm after it pressed ahead with a float despite difficult market conditions. It managed to avoid the fate of online grocer Ocado, which was forced to slash its valuation to get its flotation away earlier this year. Ocado closed yesterday at 160p after floating at 180p.DAVID YUBETFAIRDAVID Yu joined the Betfair Group as chief technology officer in 2001 and has also held the position of chief operating officer prior to his appointment as chief executive in 2006. He guided the company through its successful IPO earlier this year. Its prospectus admitted that Yu had been “absent from work for a brief period in March 2010 with a cardiological complaint,” although it insisted he is still fit for duty.He has taken a hard line about the possible impact on the business of the British Horseracing Authority (BHA)’s horse racing levy.He was quoted as saying last month that Betfair is “happy to be licensed and to pay sensible tax but if we don’t see movement we’d have to consider what’s right for the business over the long term.”He was previously vice president, engineering for Alta Vista’s e-commerce and international divisions. He has spent almost 20 years working in technology, mainly for internet companies. He holds an MS computer science from Stanford University and a BS computer science and electrical engineering from the University of California at Berkeley. Betfair tanks after falling at first hurdle Tuesday 14 December 2010 9:26 pm Share whatsapp Show Comments ▼ whatsapplast_img read more

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AstraZeneca shares fall as regulator blocks drug

first_img whatsapp AstraZeneca shares fall as regulator blocks drug John Dunne Shares in AstraZeneca fell by up to five per cent on the FTSE as the UK drugmaker’s blood thinner failed to get the go-ahead.The US Food and Drug Administration (FDA) said it wanted further analysis of existing drugs studies.Brilinta, which is already approved in Europe, is expected to reach $2bn (£1.3bn) sales in the US once approved.The FDA had already postponed its review of the heart drug since September after patients in a North American trial of the drug failed to show significant benefits.AstraZeneca is hoping Brilinta will challenge Plavix produced by rivals Bristol-Myers Squibb and Sanofi-Aventis, which is the second best-selling drug in the world with over $9.5bn sales last year.The UK company is about to see patents on some of its other major brands expire, including schizophrenia drug Seroquel and heartburn relief Nexium. Friday 17 December 2010 6:18 am More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgcenter_img Share Tags: NULL 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 PastSerendipity 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.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapplast_img read more

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Reduced contract hours saved jobs during slump

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndo Reduced contract hours saved jobs during slump whatsapp whatsapp Share Tags: NULLcenter_img SHORT-TIME work schemes (STW) led to an “important impact on preserving jobs during the downturn,” according to the organisation representing the world’s most developed nations.A new working paper on the impact of STWs during the financial crisis by the OECD finds Germany and Japan benefited most from implementing schemes, saving a combined 650,000 jobs.In Germany, 235,000 jobs, the equivalent to 0.8 per cent of the country’s workforce was saved, whilst 415,000 jobs were saved in Japan, or 0.9 per cent of its workforce.However, the benefits were limited to those workers on permanent contracts, which had the adverse effect of increasing the split in the job market between people with regular jobs and those with temporary and part-time jobs.Twenty-two countries introduced or adjusted STW schemes during the crisis. KCS-content Monday 24 January 2011 7:25 pm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.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.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Show Comments ▼last_img read more

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Toyota lifts outlook despite fall in profit

first_img Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut TOYOTA has lifted its annual forecasts beyond market expectations as cost cuts and sales exceeded its plans, but a heavy reliance on exports will keep it a laggard as long as the yen stays strong.The world’s top automaker posted a smaller-than-expected fall in third quarter profits and hiked its sales forecast for the year to 31 March by 70,000 vehicles to 7.48m, thanks to better than expected sales in Asia, Japan and Russia.It kept its forecasts unchanged in North America, however, as uncertainty over the impact of its worst-ever recall lingers, and losses in its Japanese operations continue.Toyota, which stayed ahead of General Motors as the world’s biggest automaker by a thinner margin last year, lifted its operating profit forecast for the year to 550bn yen (£4.2bn) from 380bn yen, well above the 489bn yen consensus in a survey of 23 analysts.Toyota expects cost-cutting to add 170bn yen to annual operating profit, 30bn yen more than it had expected three months ago, and also expects to save 20bn yen by trimming research and development and other spending.“Our efforts to improve our profitability came through faster than we expected,” said senior managing director Takahiko Ijichi. “Our break-even point has undoubtedly fallen and our earnings power is gradually improving.”Underlining its exposure to the yen, which hit a 15-year high against the dollar in the October to December reporting period, the maker of the Prius hybrid and Corolla sedan built nearly 3.3m vehicles in Japan. Tuesday 8 February 2011 8:25 pm Show Comments ▼ Toyota lifts outlook despite fall in profit whatsapp whatsapp KCS-content Tags: NULLlast_img read more

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Google working with the EU

first_imgTuesday 22 February 2011 7:31 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com KCS-content 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 AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald whatsapp Google said yesterday it is working with the European Commission to address competition concerns after a rival renewed complaints of anticompetitive behaviour. The creator of French legal search engine Ejustice.fr said it has added to its complaints to European regulators over Google’s business practices. The French company is one of three online search engines that have already accused the world’s number one web search provider of abusing its dominant position by demoting rival sites in results and giving preference to its own services. center_img Share Google working with the EU Tags: NULL Show Comments ▼last_img read more

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