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Import surge widens UK trade deficit

first_img KCS-content BRITAIN’S trade deficit exploded in the three months to July to a record £13.2bn, dashing hopes among policymakers and economists that net trade might help to drive economic growth higher. The gulf between imports and exports of goods widened to £8.7bn from £7.5bn in June, the biggest since the series started in January 1998 and confounding economists who had forecast the deficit to remain broadly unchanged.The widening of the deficit was caused by a surge in imports of 2.4 per cent on the month. Import volumes in May to July rose 17.2 per cent year-on-year, the highest growth since 1982. City economists expressed disappointment and frustration that a weaker sterling was not feeding through into better net trade figures. Capital Economics’ Vicky Redwood said: “A boost to net trade from the lower pound was always going to take a while, but this is getting ridiculous.”She added: “The overall trade deficit widened from £3.9bn to £4.9bn, setting a poor starting point for the third quarter as a whole. Things would have to improve dramatically in August and September for the trade deficit in the third quarter overall not to widen from the second quarter average of £4.1bn. At the moment, then, net trade is on course to be a drag on GDP growth in the third quarter.”However, some economists were more upbeat. Andrew Goodwin, senior economic advisor to the Ernst & Young ITEM Club, said: “This data is, in a way, encouraging. Indeed, the widening deficit was accounted for by a strong increase in imports, in particular, intermediate and investment goods.”“This may signal robust activity in the industry sector in the next couple of months,” Goodwin added. With tentative signs that the world economy is faltering, global demand may weaken significantly over the coming months, weighing on exports. The continued slowdown in the Eurozone, Britain’s largest export market, is of particular concern to economists. Ad Unmute 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 TimesUndoBetterBe20 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 FarmUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndoHero WarsBig Boss of internet games!Hero WarsUndo Import surge widens UK trade deficit whatsapp More From Our Partners Native 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comcenter_img whatsapp Share Show Comments ▼ Tags: NULL Thursday 9 September 2010 8:17 pmlast_img read more

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The anti-business secretary

first_imgWednesday 22 September 2010 9:06 pm Tags: NULL It sounded like a speech from the opposition. Not a member of the government. He is secretary of state for business. This is exactly the sort of talk that frightens away foreign investment.Lord Myners, former Labour City ministerHe obviously feels he needs to pander to the more socialist elements among the Lib Dems. It’s of great concern if the minister who is supposed to liaise with and understand business is making comments like this. Luke Johnson, former C4 chairmanTakeovers allow control of poorly run businesses to pass into more efficient hands. Cable has harsh things to say about capitalism: it will be interesting to hear his ideas for an alternative.Richard Lambert, director general, CBICable is intent on destroying any inward investment into the UK. Insulting and threatening the very people who you desperately need to build your economy is not clever or statesmanlike. Simon Denham, Capital SpreadsYou can’t step up to the plate as business secretary and still behave as a liberal campaigner.?This is another brick in the wall, saying to the outside world that business isn’t as welcome as it used to be. Digby Jones, former director general of CBIHis speech today was a two fingered salute to those helping to drive the economy forward. Cable clearly has an issue with capitalism, whatever he’s been spouting to the contrary.Ken Brotherston, CEO, Kinsey Allen IntlHE is the man in charge of promoting British business and luring foreign firms to the UK.But yesterday the private sector finally lost patience with business secretary Vince Cable, after he gave a rabble-rousing speech attacking virtually every sector in the City. He said bankers were “spivs and gamblers”; railed against the “murky world of corporate behaviour”; and said accountants, lawyers and advisers who work on mergers and acquisitions were “accomplices”.And Cable stunned his audience when he claimed bankers “did more harm to the British economy than [RMT leader] Bob Crow could achieve in all his wildest Trotskyite fantasies.”He also slammed the free market, claiming “capitalism takes no prisoners and kills competition where it can” and pledging to stop “short term investors looking for a speculative killing”.And Cable said the “tax base” should be shifted to property and land to stop people from avoiding income tax. Business leaders hit out at the Lib Dem totem, with former Labour City minister Lord Myners saying it “sounded like a speech from the opposition” and could drive investment away from the UK. Serial entrepreneur and former Channel 4 chairman Luke Johnson told City A.M. Cable had caved in to the socialist elements of the Lib Dems.The Tories were unwilling to condemn the speech, refusing to comment on the Lib Dem party conference. Cable now faces a colossal struggle to regain the confidence of the City. The anti-business secretary 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe 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.com whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPuffer fish snaps a selfie with lucky divernypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comcenter_img KCS-content whatsapp Share Show Comments ▼ last_img read more

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Gender pay gap narrows

first_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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Wednesday 8 December 2010 8:20 pm Gender pay gap narrows whatsapp 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 Sharecenter_img WOMEN’S pay packets are catching up with those of their male counterparts, the government said yesterday.The gender pay gap fell to 10.2 per cent in April, down from 12.2 per cent the previous year – the sharpest fall since the measure began in 1997.Women’s hourly pay increased by 2.6 per cent during the surveyed period, considerably higher than the 0.3 per cent growth in men’s wages, according to the Office for National Statistics.“In 1997 the gap for full timers was around 17 per cent, and it’s now dropped to around 10 per cent,” said ONS statistician Mark Williams.For part time work, women’s average weekly wage (£157) is higher than men’s (£142), the report revealed. Yet only 12.5 per cent of board level positions at FTSE 100 companies are occupied by women.This week the coalition government scrapped plans to force companies to publish the pay gap between their male and female employees.Fresh legislation and regulation would not deliver progress, the Equality Strategy said. Show Comments ▼ Tags: NULL KCS-content whatsapplast_img read more

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Mortgage approvals slump to 20-month low

first_img Share John Dunne 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 The number of mortgages approved bymajor UK banks fell to a 20-month low in November, figures have shown.Only 29,991 of these home loans were approved during the month, the British Bankers’ Association (BBA) said.Meanwhile consumers’ debt repayments on credit cards and overdrafts continued to outstrip new borrowing.The BBA figures show that net lending by the major banks, which takes out redemptions and repayments, stood at £1.46bn in November. Tags: NULL Thursday 23 December 2010 5:50 am Mortgage approvals slump to 20-month low Show Comments ▼ whatsapplast_img read more

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CAMERON REJECTS EURO INTEGRATION

first_img CAMERON REJECTS EURO INTEGRATION Tags: NULL PRIME Minister David Cameron (left) said the UK will not fund a bailout of Portugal and Spain. “We want a strong Eurozone . . . but we are not going to be drawn into fresh and new mechanisms within the euro,” he said, even as French Prime Minister Francois Fillon called on the UK to embrace integration. EU president Herman Van Rompuy (right) added that market pricing of the debt of some EU countries was “absurd”. Show Comments ▼ Thursday 13 January 2011 8:36 pm Share whatsapp whatsapp More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice 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 KCS-content last_img read more

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Credit Suisse bankers charged

first_img Share whatsapp KCS-content Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Show Comments ▼ Bankers at a Swiss firm, identified by sources as Credit Suisse, were yesterday charged with helping Americans dodge taxes in a probe into offshore banks. The US charged four former and current bankers with encouraging Americans to use offshore credit cards. Credit Suisse said it was cooperating with US bodies. Credit Suisse bankers charged Wednesday 23 February 2011 9:15 pm whatsapp Tags: NULLlast_img read more

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WHAT THE OTHER PAPERS SAY THIS MORNING

first_img FINANCIAL TIMESAL-JAZEERA IN BATTLE FOR US COVERAGEAl Anstey, managing director of al-Jazeera English, entered Comcast’s Philadelphia headquarters on Wednesday with four cardboard boxes. Inside were printouts of 13,000 e-mails the Doha-based news channel had received, urging the US cable company to carry its signal.EAST EUROPEAN MIGRANT NUMBERS BACK ON THE RISEThe number of eastern Europeans coming to work in the UK has risen for the first time in four years, exacerbating the problem facing David Cameron, prime minister, as he tries to cut yearly net migration to the “tens of thousands”. The 7 per cent increase in 2010 is because Latvians and Lithuanians are arriving in droves as they escape their countries’ bleak job markets.BA BITTEN IN WEB PROTEST OVER BED BUGSBritish Airways has become the latest airline to face a sophisticated internet protest after a passenger posted graphic photos of what she alleges was an “absolutely disgusting” attack of bed bugs on two recent international BA flights. Zane Selkirk, a 28-year-old Yahoo product manager from Los Angeles, has published her own website, www.ba-bites.com, to make people aware of what she alleges is BA’s “unhelpful and unfriendly” response to her complaints.APPLE, GOOGLE AND SPOTIFY RACE TO MUSIC MARKETThe digital music market is set to be shaken up as soon as this summer as Apple, Google and Spotify race to deliver new services that labels warily hope may reverse a decade of declining revenues. Each company is taking a slightly different approach with their new services, as the industry grapples with a slowdown in sales.THE TIMESDEMAND FOR NEWEST PHONES SEES RETURN OF OLD TARIFFThe British love of the most up-to-date smartphone has forced a return to old-style phone contracts because people want to replace their handsets more frequently. Vodafone and O2 will reintroduce 12-month contracts allowing customers to upgrade their handset every year if they pay a fee starting at about £100 for a new model.TATA SALE OF REDCAR STEEL PLANT SALVAGES 700 JOBSAn historic steelworks in Teesside has been sold to a Thai metals company, saving 700 jobs and potentially creating a further 800 in the North East. The Corus Teesside Cast Products (TCP) factory in Redcar, North Yorkshire, which has been mothballed for a year, was sold to Sahaviriya Steel Industries (SSI), for £291 million.The Daily TelegraphJPMORGAN RAISES $1BN TO INVEST IN SOCIAL MEDIA COMPANIESJPMorgan has raised more than $1bn (£620m) for a fund to invest in social media companies, as it becomes the latest Wall Street bank seeking to tap a wave of interest from investors. According to a filing with the Securities and Exchange Commission, the JP Morgan Digital Growth Fund is a venture capital fund that has raised $1.2bn from investors. That eclipses an initial target of between $500m and $700m that the fund had reportedly set itself. GREENPEACE CAN BRING CASE AGAINST UK DEEPWATER OIL DRILLINGThe safety of deepwater drilling near the Shetland Islands, where BP, Total and Chevron operate, will be challenged in a landmark court case brought against the British Government.THE STREET JOURNALHUAWEI LOOKS TO LAY US SECURITY CONCERNS TO RESTHuawei Technologies Co. urged the U.S. to investigate the company, hoping to quash what the Chinese telecommunications manufacturer says are unsubstantiated suspicions that it poses a threat to U.S. national security. Friday’s roughly 2,000-word letter is Huawei’s highest-level public response to allegations that the company has ties to China’s government and military.DREAMWORKS PROFIT FALLS SHORTDreamWorks Animation SKG Inc.’s fourth-quarter earnings soared 96 per cent but the bottom line was skewed by a large one-time tax benefit. The movie studio said revenue jumped 42 per cent to $275.7 million but its gross margin slumped to 29.7 per cent from 41.4 per cent as costs jumped 70 per cent. whatsapp Share Show Comments ▼ Tags: NULL Thursday 24 February 2011 9:04 pm whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal 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 TodayUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndo WHAT THE OTHER PAPERS SAY THIS MORNING KCS-content last_img read more

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UK Coal chair slams losses as costs spiral

first_img Share whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Tuesday 19 April 2011 8:12 pm whatsapp center_img UK COAL, the country’s biggest coal miner, saw its shares fall off a cliff yesterday after its own chairman slammed last year’s pre-tax loss of £124.6m as “woeful”. The company narrowed its losses by three per cent in 2010 but has lost a total of £269.3m and 90 per cent of its market value in the last three years.“It’s a story of woeful and sustained underperformance that’s been tolerated for far too long,” said Jonson Cox, who took over as chairman last November.UK Coal is expected to finish a root and branch strategic review of its operations by June. “Shareholders deserve a far better return than they have had in recent years,” said Cox. “It’s very clear that this business is very heavily leveraged and the future sustainable financing of this group is from equity not from debt.”UK Coal said its net debt rose 24 per cent to £242m in 2010, but that Lloyds Banking Group has agreed to extend its borrowing facilities.Deep mine operating costs have doubled from £28 per tonne to £56 per tonne at the firm’s three mines. Former chief executive Jon Lloyd, who stepped down in November, was awarded a £435,000 pay-off on top of his £344,000 salary last year, the firm’s annual report shows. Departed chairman David Jones was handed a £38,000 golden parachute.The firm was the biggest faller in the FTSE yesterday, plunging 11 per cent to 34.5p. KCS-content 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap UK Coal chair slams losses as costs spiral Tags: NULLlast_img read more

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Parmalat jumps after Lactalis takeover bid

first_img Parmalat jumps after Lactalis takeover bid Tuesday 26 April 2011 8:30 pm whatsapp whatsapp SHARES in Italian dairy group Parmalat jumped more than 16 per cent yesterday, after French rival Lactalis launched a €3.4bn (£3.02bn) takeover bid for the company.Lactalis plans to pay €2.6 per Parmalat share to create the world’s biggest dairy group, with estimated combined annual revenues of €14bn.The French company’s purchase of 29 per cent of Parmalat in March has spurred Italy to look into ways to stop one of the country’s best-known companies falling into foreign hands.Lactalis made its bid hours ahead of a meeting between Italian Prime Minister Silvio Berlusconi and French President Nicolas Sarkozy in Rome.Berlusconi said he hoped Italian groups would reach an accord with Lactalis after the French group’s bid. KCS-content Tags: NULL Show Comments ▼ 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.orgInside 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.com Share last_img read more

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BetVictor’s RAMP to boost ‘personalised communication’

first_img6th July 2018 | By contenteditor Tags: Online Gambling Topics: Marketing & affiliates BetVictor’s RAMP to boost ‘personalised communication’ BetVictor’s retention chief says personalised customer communication is key part of strategy Marketing & affiliates Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Southern Europe Gibraltar BetVictor has revamped its customer engagement strategy through the launch of its new Real-Time Automated Marketing Platform (RAMP).The gaming operator said it wants to overcome the marketing problems created by using different providers through the introduction of the new service, which was created by an in-house team.RAMP has been designed to provide a seamless tool to foster interaction with customers more effectively and in real time.Citing new research by Bluecore that showed that 40% of customers who received communications showcasing relevant products are more likely to read them, BetVictor said that RAMP will enable consumers to receive personalised campaigns and promotions through email, SMS, push notification and other communication channels.Leo Judkins, BetVictor’s head of retention, told iGamingBusiness.com that the independent plug-and-play solution could even be offered to other operators as a software service in the future.He added: “A big focus for our business is to keep innovating and improving how we interact with our customers.“We see the area of personalised customer communication as a really key element of the customer experience and, in line with our approach to other key product features of our business, we look to keep as much of that functionality in-house as possible.“RAMP was developed to bridge the gap we were facing when working with different providers. This new tool, brings a holistic solution to BetVictor, allowing our teams to offer multi-channel campaigning and predictive segmentation in a simple, fast and effective way, via a single interface.”BetVictor said RAMP has the ability to create cross-channel campaigns in all languages and in a fully automated way within seconds, with simplicity a key factor.Judkins added to iGamingBusiness.com: “Many players in our industry are still working with complex tools that require multiple interfaces. With RAMP, we consolidated it all into one platform, enabling our teams to focus on what really matters – our customers.” Email Addresslast_img read more

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