Cineworld hit by World Cup but given boost from the 3D film revolution

first_img Cineworld hit by World Cup but given boost from the 3D film revolution KCS-content Thursday 19 August 2010 8:39 pm CINEWORLD saw a fall off in the number of filmgoers in the first half of the year because of the World Cup but said the popularity of 3D films was helping to boost the business. Despite the drop in admissions, the company recorded pre-tax profits of £11.8m in the first half of the year up from £11.6m in the first-half last year.Chief executive Stephen Wiener said: “We are pleased to announce good growth in first half revenues and ebitda despite the impact of the World Cup which, as anticipated, resulted in a quiet June.”He added: “The second half of the financial year has started strongly for the Group, with an excellent range of blockbusters and 3D films.” The firm said the fourth quarter looks equally strong and brings an exciting line up of releases with titles such as “Wall Street: Money Never Sleeps” and “Little Fockers.” More than 20 per cent of its box-office revenues were from 3D movies. Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp Share whatsapp Tags: NULLlast_img read more

Lloyds offloads Crest Nicholson stake to Varde

first_img Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’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 ProofTortilla Mango Cups: Recipes Worth CookingFamily 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp Share Wednesday 8 September 2010 8:22 pm LLOYDS Banking Group confirmed last night it has agreed to sell its interest in bank-owned housebuilder Crest Nicholson to US investment fund Varde. Lloyd’s has held around a quarter of Crest’s debt and 30 per cent of its equity since January 2009 when it took part in a debt-for-equity swap. The construction firm remains around 90-per owned by its lenders.“Lloyds Banking Group has reached an agreement in principle to sell its debt and equity stake in Crest Nicholson for a cash consideration,” said a spokesperson, who declined to disclose the sale price. “Lloyds Banking Group hopes to continue to support Crest Nicholson by providing its day to day banking services,” the spokesperson added.Crest’s 60-strong consortium of owners rejected a £350m offer from Hugh Osmond, the tycoon behind Pizza Express and Punch Taverns, in July. But Lloyds has long been looking to get rid of some assets taken on as part of its HBOS acquisition. Verde will become Crest’s largest shareholder by some margin. The Minneapolis-based fund focuses on real estate and alternative investments. Tags: NULL KCS-content Lloyds offloads Crest Nicholson stake to Varde Show Comments ▼ whatsapplast_img read more

London faces rotten rubbish

first_img London faces rotten rubbish Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Share HUNDREDS of thousands of Londoners could face the threat of rotting rubbish this winter after the GMB union threatened to ballot its members over a strike.The proposed industrial action raises raises the prospect of the first national bin strike since the Winter of Discontent in 1978/79, when uncollected sacks of rubbish piled up in streets.The threatened industrial action revolves around Veolia, which collects bins and recycles waste for 16 London boroughs – as well as councils in Birmingham, Liverpool, Sheffield and Cardiff.The GMB said it would ballot thousands of members if it failed to persuade the firm to drop plans for redundancies and changing employment contracts.The union claims Veolia has put its staff on 90 days notice of its plan to make them redundant or re-employ them on inferior terms and conditions.GMB national officer Justin Bowden said Veolia was “holding a gun to the heads” of its members by issuing the letters and notices.Veolia’s other business clients include BAE Systems, BASF, Esso and GlaxoSmithKline and the Olympics site in East London. whatsapp whatsapp KCS-content Thursday 16 September 2010 9:12 pm Tags: NULLlast_img read more

The commercial property king who says the City is ready for take-off

first_img Show Comments ▼ Tuesday 2 November 2010 9:20 pm Land Securities’ chief executive leaps from behind his desk, bounding across his seventh floor office overlooking Trafalgar Square as he welcomes City A.M. – after years of stagnation, the country’s biggest property developer is on the move again – and it certainly seems to have put a spring in Francis Salway’s step.Last week, the FTSE 100 firm opened its £540m City shopping complex One New Change, as well as restarting its £500m prestige tower on 20 Fenchurch Street (dubbed the Walkie Talkie) with joint venture partner Canary Wharf. In June it sold its Oxford Street Park House office and apartment building to Barwa, a Qatari-backed property business for £250m, who will take ownership of the development when it is completed in 2012.Land Securities, which owns 29 retail parks across the country and a raft of London offices with a combined value of £9.5bn (with £5.3bn of this in the capital), wants to put the three years of pain due to the financial crisis and the resulting slump in commercial property behind it. “London offices are through their low period in the economic cycle, since the spring rents have started to rise,” says the Land Securities boss. A tall, thin yet deeply enthusiastic man, Salway is perched on one side of a meeting table in his office. Beside him is the City A.M. award he picked up the night before at our awards celebration at the Grange St Paul’s Hotel; his prize was for leading the best property firm in the country. He has a slightly professorial air, and indeed, while studying for professional exams he wrote a book on land values, The Depreciation of Commercial Property. It was published in 1986 and remains required reading among developers.He explains that a number of factors have come together to reverse the tumbling rents that have been a feature of recent years. One element is timing. He says: “In the late 1980s boom, a lot of companies signed a lot of 25-year leases, and in the late 1990s expansion a lot of 15-year leases were signed. We know that they will come up for renewal in the next five years or so.”He adds that a lot of firms that had been putting off moving for the last two years now feel more confident about the economy, and are beginning to make plans. He says: “A big company like a lender, an insurer or a forex trading business, with about 2,000 staff, looks at moving three or four years before their lease is up.” All of which means that demand is recovering. Over the last year, he says, City rents have moved up from around £45 per sq ft to £50-plus per sq ft. Salway also says that institutions “are looking to invest in commercial property again” because of the low yields on offer from government gilts due to historically low Bank interest rates and quantitative easing.All of this helps to explain the number of projects that are being completed and in particular the developments that have been taken off ice.The aim of Salway’s One New Change shopping centre, located opposite St Paul’s, and which boasts more than 60 shopping and eating outlets, was to build the first strong, 7/7 retail centre in the Square Mile.Salway says: “Retailers have struggled to get their bigger outlets into the City. In other developments retailing has often been an afterthought.”The key market for the centre is the City’s 340,000 workers “as well as the amount of tourists we saw during our research phase coming over the wobbly [Millennium] bridge from the Tate Modern to St Paul’s,” says the developer.Some observers wonder whether New Change’s seven-day shopping will also hit rival outlets in the West End or Islington. Salway says this might be the case but that this is very much a “secondary market” for the centre.The change in the weather for commercial property has breathed new life not only into Land Securities’ Walkie Talkie, but rival British Land’s Cheesegrater skyscraper, which was also restarted last month. The 150m-high, 690,000 sq ft Walkie Talkie will be in competition with the Cheesegrater for clients. Firms like Chicago insurer Aon, Schroders, Bank of America Merrill Lynch and Bloomberg are all understood to be looking for new properties in London.Salway will not confirm names but says that “our sales teams are already having those conversations”. But he does not expect any prelet deals to be announced until 18 months before the tower is due to open in 2014. By the time the Walkie Talkie is built he expects space in it to be selling at around £60 per sq ft. The developer says: “As firms come out of their old buildings they want to move into new offices that are more efficient, that will be able to attract good quality staff, and will say something about that company as a brand. We design buildings with flair that capture the imagination. When I show people around our buildings I can see that look on their faces.” Both British Land and Land Securities sensibly reannounced these tempo-setting deals as a joint venture with a cash-rich foreign investor rather than as the sole developer in charge of the project relying on bank loans.Land Securities has gone into partnership with rival Canary Wharf Group to build the Walkie Talkie, but behind this firm the China Investment Corporation, Qatar Holdings and Morgan Stanley Real Estate all have a stake in the building.Critics argue that although property developers’ say the crunch may be easing, they still cannot convince banks of that.Salway denies that the developer could not get funding – it has £2.4bn in cash and bank debt at hand, he says – but argues that he wants to fund other London offices and retail outlets outside the capital and that this is the best way to use its resources. Land Securities will still retain a 50 per cent stake in the tower.The developer says: “It is true that London has become enormously attractive to foreign investors over the last 10 to 15 years. They like it because it is a global financial centre, they like its reliable legal system. But they are on the whole looking for a partner with local expertise. Some foreign investors will be quite active and set up their own teams here. Others will be more passive.”Although the developer employs just 700 full-time staff, when it has a full roster of projects its funding provides work for a supply workforce of 10,000. Many other people work indirectly for it in places such as One New Change.Land Securities returned to profit in May when a rise in asset values helped push it to a pre-tax profit of £1.1bn, from a loss of £4.8bn the year before and a £973m loss in 2008. Salway was under intense investor pressure to turn around the firm 18 months’ ago. It was said that chairman Alison Carnwath gave him six months to improve things (she later said this was exaggerated). But whatever happened, it certainly worked. The developer responded by cutting costs and selling off its outsourcing unit Trillium to Telereal for £750m in 2009, until the market began to turn. Salway says: “The decline in capital values was the sharpest and steepest in our industry since records began in the 1920s. That put pressure on everyone in this sector.”During the recession capital values fell 44 per cent from their peak in June 2007 to their trough in July 2009. Even though prices have risen since then, they remain roughly 35 per cent down on what prices were in the summer three years ago.But the market is moving again. And investors are again interested in the story commercial property has to tell. And that means Salway and his team can begin to get back to what they came into this industry for – to cut deals and put up new buildings that capture tenants’ and the public’s imagination. And that, at least, is progress.CV | FRANCIS SALWAYAge: 53Work: Trainee surveyor at Richard Ellis; investment director at Standard Life; Land Securities chief operating officer and chief executive of the development division; now group chief executive Education: Rugby School; Christ’s College, Cambridge, where he read land economy; College of Estate Management in ReadingFamily: Married, two teenage children Lives: Tunbridge Wells, KentHobbies: Walking, climbing, tennis. Likes to set himself a big challenge every year. In June, he climbed Mount Kilimanjaro, Kenya, with his wife. The commercial property king who says the City is ready for take-off KCS-content center_img whatsapp Share whatsapp Tags: NULLlast_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_img FINANCIAL TIMESBLUNDER REVEALS CARBON TRADING DATAEurope’s biggest clearing house, LCH.Clearnet, has admitted that “confidential information” about trading in carbon emission allowances, including the names of individual traders, was mistakenly published on the internet. Climate Markets, which provides marketing services for LCH.Clearnet, said the information was placed on its website in error and has now been removed.GOOGLE TO TRANSLATE EUROPEAN PATENT CLAIMSTechnology could help unblock one of Europe’s oldest political impasses when Google unveils a deal today to do computer-based translations of patent material submitted to the European Patent Office. Under the memorandum of understanding, Google Translate will be applied to all patent applications flowing into the EPO.DAVIS TO HEAD INVESTMENT LOBBY AT ABIThe Association of British Insurers has hired web entrepreneur and journalist Jonathan Davis as its chief investment lobbyist. Davis, founder of the private shareholder website Independent Investor, will serve as the ABI’s new director of investment affairs, working alongside its investment committee. He replaces Peter Montagnon, who left the ABI for the Financial Reporting Council this year.GRAMERCY SETS UP OFFICE IN LONDONGramercy, the US emerging markets-focused hedge fund that shot to prominence through its lucrative trading of Argentine government bonds, is to open a new office in London. The fund manager is understood to see significant opportunities in European sovereign debt markets over the coming years.THE TIMESVODAFONE CUTS ITS EUROPEAN ROAMING CHARGESVodafone has kicked off a price war for data roaming that will sharply reduce the cost of using a smartphone abroad. Vodafone has slashed the price of data roaming to £2 a day for 25MB, enough to read and reply to 250 e-mails, access Facebook 500 times or download 65 maps. It previously charged £1 per megabyte.SHELL DECIDES TO REVAMP ITS LONDON OFFICESShell has started plans to redevelop its London headquarters on the South Bank. It has opened discussions with developers on an invitation-only basis about redeveloping the Shell Centre, built nearly 50 years ago near Waterloo Station. It houses a 27- storey tower that was the first skyscraper taller than the Victoria Tower at the Palace of Westminster.The Daily TelegraphSTUDENTS SHOULD GAIN BUSINESS SPONSORSHIP SAYS DAVID WILLETTSMore businesses should sponsor students through university, says David Willetts, as part of the government’s overhaul of higher education and workplace training. Willetts told business groups at the launch of the government’s growth strategy that planned reforms of higher education and workplace training would require companies to stump up more cash. STARBUCKS ACCUSES CADBURY OWNER KRAFT OF DAMAGING ITS BRANDKraft, the US owner of Cadbury, has been accused by Starbucks of damaging its brand as the two firms square off in a dispute unlikely to be resolved over a cup of coffee. In the latest salvo in a fight over Kraft’s right to sell Starbucks’ packaged coffee in grocery shops, the firm said Kraft failed to liaise on marketing initiatives.WALL STREET JOURNALKREMLIN PLAYS DOWN CABLES’ TAKE ON RUSSIA’S ALPHA DOG Russian officials played down the release of diplomatic documents that portray Prime Minister Vladimir Putin as the dominant ruler in a “virtual mafia state”. Newly posted documents on the WikiLeaks website include a US Embassy cable describing Putin as an “alpha dog” who calls the shots and President Dmitry Medvedev as a pale, hesitant figure who “plays Robin to Putin’s Batman”.PORSCHE SWINGS TO PROFIT Porsche said yesterday it swung to a €155m (£130.6m)??net profit in the first three months of its fiscal year after suffering a €431m loss a year earlier, and reiterated that full-year earnings are expected to be positive in 2011. It said comparison with last year was hard as previous figures did not separate Volkswagen’s earnings. KCS-content Share whatsapp Monday 29 November 2010 8:58 pm whatsapp Show Comments ▼ WHAT THE OTHER PAPERS SAY THIS MORNING 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 TimesNoteabley25 Funny Notes Written By StrangersNoteableyWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite 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 Tags: NULLlast_img read more

Cowen will cling on until election defeat

first_img Cowen will cling on until election defeat whatsapp Tags: NULL Share Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof whatsapp Wednesday 8 December 2010 8:50 pm IRISH Prime Minister Brian Cowen looks set to see off opposition from party rebels, barring an unlikely cabinet revolt, and lead his Fianna Fail party into an election drubbing that could halve its parliamentary presence.Cowen, whose popularity has plunged into the single digits since his debt-stricken government had to request an EU/IMF bailout, has promised to call an election once legislation underpinning Tuesday’s austerity budget passes early next year.After parliament passed a first budget resolution, vital to receive the first international loans, Cowen came out fighting yesterday, saying he would still be in charge by then.Finance minister Brian Lenihan, foreign minister Micheal Martin and arts minister Mary Hanafin have said they would be interested in the top job if it became free but one of them would have to challenge Cowen to prompt a pre-election vacancy.Rumours have been swirling that Lenihan may make a move but party sources say the demand by the Greens, junior partners in the coalition, for an early election has shortened the timeframe so any challenge would have to happen before Christmas. Show Comments ▼ KCS-content last_img read more

US economy creates fewer jobs than forecast

first_img Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack 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 Proof John Dunne Friday 7 January 2011 8:56 am Share Tags: NULLcenter_img whatsapp US economy creates fewer jobs than forecast 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 whatsapp The US economy created far fewer jobs than expected in December, but the unemployment rate dropped to its lowest in more than 1-1/2 years.Non-farm payrolls increased 103,000, the Labour Department said, below economists’ expectations for 175,000. Private hiring rose 113,000, while government employment fell 10,000.However, overall employment for October and November was revised to show 70,000 more job gains than previously reported. The unemployment rate fell to 9.4 per cent, the lowest since May 2009, from 9.8 per cent in November.Economists raised their employment forecasts after payrolls processing company ADP Employer Services said on Wednesday private employers added 297,000 in December – the largest gain on ADP records dating to 2000.“The labour market improvement is still way slower than what everybody would hope for,” said Harm Bandholz, chief U.S. economist at UniCredit Research in New York.Federal Reserve officials will take into account the jobs report when they meet on January 25-26. Signs of strength in the economic recovery had led to calls for the U.S. central bank to scale back its widely criticized $600bn (£387bn) government bond-purchasing program aimed at keeping interest rates low to boost demand. last_img read more

SLAP IN THE FACE

first_img Share whatsapp Tags: NULL KCS-content SLAP IN THE FACE center_img Thursday 6 January 2011 9:30 pm whatsapp Show Comments ▼ Cameron excludes City from list of growth industries in keynote speech on economyDAVID Cameron delivered a remarkable snub to the City yesterday, after he excluded it from a list of Britain’s “high growth” industries.In a speech outlining where he expects growth to come from in the coming years, the Prime Minister said that tourism, green energy, pharmaceuticals, advanced manufacturing and aerospace were the five “industries of the future”. He failed to name-check a swathe of successful City sectors that have accounted for significant growth in recent years – such as insurance, law, accountancy, fund management and business services – a move that will be seen as a slap in the face by many in London’s business community. Although Cameron said he didn’t want to make “banking smaller or the City of London smaller”, he only mentioned the Square Mile once in the 11-page speech. The creative industries and education were also ignored.UK financial services alone paid £53.4bn in tax last year – more than any other sector. Cameron’s decision to downplay the role of financial and business services is at odds with the strategy of other successful economies, such as New York, Hong Kong and Singapore, which are fighting to grow these industries. It also goes against the view that the UK has a comparative advantage in high value added business services of the sort London specialises in.Last night, a Downing Street source insisted the Prime Minister had not intended to talk down the City, and said it was “a given” that it was a growth industry. “The City is a hugely important growth industry, and it would be quite wrong to interpret otherwise,” she said But a spokesman for Boris Johnson said: “The Prime Minister is right to identify vital industries that we all wish to develop and grow in the future to create wealth.”“But the Mayor would argue that this should not come at the expense of industries that are already world leading, and which have produced enormous benefits for the capital and our country”. last_img read more

Boeing sets delivery date

first_img Tuesday 18 January 2011 8:33 pm 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 Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Boeing sets delivery date KCS-content Sharecenter_img Boeing said the first delivery of its long-delayed 787 Dreamliner would come in the third quarter of 2011, clearing up fears about the schedule after a November electrical fire on a test flight threw the timing into doubt. Boeing shares rose more than three per cent as investors were relieved the delay was not longer. The Dreamliner is nearly three years behind its original schedule. Tags: NULL 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Show Comments ▼last_img read more

Voluntary rules for auditors

first_img KCS-content whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Share Tuesday 25 January 2011 9:33 pm Show Comments ▼center_img whatsapp Voluntary rules for auditors by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity 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 HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia GOVERNMENT minister Ed Davey told a House of Lords inquiry yesterday that moves to make the “big four” auditors less dominant in the market should be voluntary before more regulation is tried.Davey, minister for government relations, said “demand-side” measures to help mid-sized audit firms to grow should take precedence over regulation to improve competition.He said the government was very concerned about competition in the audit market but did not want “heavy handed” rules such as the European Commission proposal to force companies to change auditors .The Lords is investigating whether Deloitte, Ernst & Young, KPMG and PwC stifle competition in the UK, where they audit 99 per cent of the FTSE 100. Davey added that the government saw no need for a pan-European regulator of auditors. Tags: NULLlast_img read more