September 8, 2021
  • 10:12 am First Quantum pulls DRC workers
  • 10:12 am ING and RBS?agree debt deal for Singapore petrochemical project
  • 10:11 am BT’s Tech Mahindra stake eyed
  • 10:11 am Savoy Hotel reopens doors after revamp
  • 10:10 am AIA float to top estimates

first_img First Quantum Minerals has pulled nearly all its expat workers out of the Democratic Republic of Congo (DRC) since the government seized its Frontier copper mine at the end of August. The London-listed miner is in discussions over whether to sue the African state and ENRC, the FTSE 100-listed new owner. It is already in arbitration with the DRC over a difference mine. Show Comments ▼ Tags: NULL whatsapp whatsapp Sunday 5 September 2010 9:44 pm Share First Quantum pulls DRC workers 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 KCS-content last_img read more

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first_imgTuesday 14 September 2010 8:20 pm ING and RBS?agree debt deal for Singapore petrochemical project Tags: NULL ING and Royal Bank of Scotland have launched a much delayed £1bn debt restructuring deal to help fund construction of Singapore’s Jurong Aromatic Corporation’s (JAC) petrochemicals project.The project is now expected to commence operations in 2014 with construction beginning next year. Talks over financing started last year but progress was delayed by poor market conditions.Some $1.24bn (£796m) – or 80 per cent of the debt – will now be financed or guaranteed by two South Korean export agencies for a period of up to 15.5 years. In a statement Bruce Macfarlane, head of the advisory team at joint coordinating bank ING, said yesterday: “The timing seems perfect now with almost no other deals of this size or quality expected in the market this year.” The $2.4bn project involves the development of a condensate splitter and aromatics facility on offshore Jurong Island and will produce 1.5m metric tons of aromatics per year and 2.5m metric tons of transport fuels per year, the company said.A JAC spokesman added: “We expect a very favourable reception from lenders given the long anticipation by the bank market of its launch, the favourable recovery of the financial markets and robust economics of the project.”Banks invited to join the lending group are expected to pledge financial commitments of between $75m to $150m by next month. The loan is expected to be signed by early December. whatsapp Show Comments ▼ Sharecenter_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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBig Data Courses | Search AdBig Data Online Courses Might Be Cheaper Than You ThinkBig Data Courses | Search AdBrake For ItThe Most Worthless Cars Ever MadeBrake For ItHealth.recetasget5 Common Cancer Signs to Pay Attention ToHealth.recetasgetOceandrawRemember Him? Wait ‘Till You See Him NowOceandrawLifestly.com30 People from History Who Look Exactly Like Today’s CelebritiesLifestly.com 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.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.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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.com whatsapp KCS-content last_img read more

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first_img Show Comments ▼ 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 BT’s Tech Mahindra stake eyed Tags: NULL whatsapp Private equity firms including Apax Partners and Providence Equity have shown interest in buying BT Group’s stake in Tech Mahindra that is likely to be valued at $830m (£522m). BT has restarted discussions to sell its holding in Tech Mahindra following the restatement of financial numbers by the Indian IT services firm’s unit Mahindra Satyam.The British firm, which holds about a third in Tech Mahindra, is expecting a 30 per cent premium over the current market price for the stake sale, valuing the deal at more than 37bn rupees (£522). Tuesday 5 October 2010 8:34 pm Share KCS-content whatsapplast_img read more

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first_img Show Comments ▼ Savoy Hotel reopens doors after revamp whatsapp 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 The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity 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 FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndo LONDON’S most iconic hotel, The Savoy, reopened its doors yesterday after being closed for three years and receiving a £220m refurbishment. In its heyday, the Strand-based Savoy was considered a hot spot by City folk, who flocked to the hotel’s famous Grill to close deals and entertain clients. The hotel was also known for its afternoon teas and champagne.The likes of Lord King, the former British Airways chairman, media mogul Rupert Murdoch and former chief executive of Independent News & Media Ivan Fallon were among the many powerbrokers who were regulars in the 1980s.The renovations, initially expected to cost just £100m, have been made throughout the hotel, including its grand entrance, American Bar, Savoy Grill and guest rooms. As part of the upgrades, the hotel now has 268 rooms, a fifth floor Royal Suite, a new bar and tearoom, and an overhaul of the Savoy Grill, which is managed by celebrity chef Gordon Ramsay. Savoy management recruited Pierre Yves Rochon and a team of more than 1,000 craftsmen and women to design and reconstruct the interior of the hotel, which pays homage to its iconic Edwardian and Art Deco characteristic. But the reopening of the Savoy, owned by Canada’s Fairmont Group, was hit by a number of delays pushing the date back by more than a year.“It is fair to say that this project has not been without its challenges, but we are looking forward to unveiling the results,” said Kiaran MacDonald, the hotel’s general manager.The Savoy Grill, which housed meetings by Winston Churchill during WWII, is not expected to open until late next month.The hotel’s first guest, celebrity Stephen Fry, arrived yesterday morning. The reopening of another top five-star hotel will boost London’s attractiveness as a top-end business and lesiure destination.THE SAVOY | THEN AND NOW- 2007 TO 2010Then NowNumber of rooms 263 268Base room price per night £250 £350Average meal in the Savoy Grill per head £40-50 £50-60Signature White Lady cocktail £12 £14The two bedroom Royal Suite takes up almost the entire fifth floor of the hotel after developers merged together the eight rooms which face the Thames. The room costs £10,000 a night to stay in.The Beaufort bar is brand new to the hotel and offers guests the luxury of enjoying champagne and cabaret in a glamorous art deco bar.The Savoy Tea, a bijou teashop, is also a new addition to the hotel and will serve up tea and fresh pastries baked inside the shop. KCS-content Sunday 10 October 2010 11:44 pmcenter_img whatsapp Share 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.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tags: NULLlast_img read more

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first_img AIG’S Asian life insurance offshoot AIA is set to hit the top end of estimates when it lists at the end of the month, with several reports claiming yesterday the float will raise $17bn to $20bn (£10.8bn to £12.7bn). Strong investor demand prompted AIG to close the books on one of the world’s biggest ever initial public offerings on Tuesday, several days earlier than expected. AIG could be left with just a 33 per cent stake in AIA to satisfy demand for shares when the Asian branch lists in Hong Kong on 29 October. Troubled US insurance group AIG is selling AIA on the Hong Kong stock market in an attempt to raise money to pay back its American bail-out fund. AIG tried unsuccessfully to sell the business earlier this year to Prudential for $35.5bn. The British insurer had asked AIG to cut the price to $30.4bn, but was turned down. AIA float to top estimates KCS-content More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼ Sharecenter_img whatsapp Tags: NULL 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 ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports Dropmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldFamilyMindedThe Most Common Astrology Questions People AskFamilyMindedOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressStadium TalkBest Basketball Player Ever From Every StateStadium Talk Thursday 21 October 2010 9:07 pmlast_img read more

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first_img KCS-content Graduate unemployment hits high whatsapp Show Comments ▼ Monday 1 November 2010 9:07 pm whatsapp More From Our Partners A 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comcenter_img Unemployment for recent graduates has risen to the highest level in 17 years, according to an educational charity. Almost nine per cent of 2009 graduates were out of work in January 2010, the Higher Education Careers Services Unit said, meaning more than 21,000 students have not found a job. This compares to 7.9 per cent of graduates in 2008, and 5.5 per cent in 2007. 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}MoneyPailMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite 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 Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Share Tags: NULLlast_img read more

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first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking 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 Proof MARTIN Broughton, the former chairman of Liverpool Football Club, has made a key hire at his fledgling investment fund and advisory fund, Sports Investment Partners.Sports Investment said yesterday it is hiring Matthew Wheeler, who was chief executive of Alan Pascoe’s API Group in the 1990s. He then had a four-year stint as the worldwide managing director of Octagon until 2001.In this time he sat on the board of both DC United and Major League Soccer in the US and Eintracht Frankfurt of the Bundesliga in Germany. He developed a reputation for successfully building market leading sports agency propositions.Others involved in the new firm include Broughton’s son Michael and Nic Couchman, a partner at the sports business law firm Couchmans. “Matthew’s experience in both running leading sports businesses and in putting together deals that add value to all parties will be invaluable as we continue to examine potential investments in the sport industry,” said Broughton, who is also chairman of British Airways.Broughton led a dramatic sale of Liverpool to the Boston-based NESV. 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 TimesNoteabley25 Funny Notes Written By StrangersNoteableyHistorical 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 HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam Share whatsappcenter_img whatsapp Show Comments ▼ Wednesday 1 December 2010 8:23 pm Broughton makes key hire at sports fund Tags: NULLlast_img read more

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first_img Stagecoach profit drives forward TRANSPORT group Stagecoach posted a 43 per cent rise in first-half profit, driven by growing ticket sales across its bus and rail operations, and said the positive trend had continued into the second half.The bus and rail operator on Wednesday reported a pretax profit of £108.7m on revenues 4.8 per cent higher at £1.13bn for the six months to the end of October.Stagecoach, which earlier this year re-entered the London bus market after buying the East London Bus Group, boosted the interim dividend by ten per cent to 2.2 pence and said the outlook for the remainder of its fiscal year was good.“We have made a good start to the second half of the financial year and current trading remains in line with management expectations,” said Chief Executive Brian Souter.“While we continue to monitor closely the rate and sustainability of economic recovery, we look forward with confidence and believe the outlook is positive for our bus and rail services.”Like-for-like revenue at Stagecoach’s UK rail business, which includes the South West Trains London commuter franchise, grew 6.4 per cent in the period, while Virgin Rail, in which it owns a 49 percent stake, achieved sales growth of 14.8 per cent in the same period.Underlying revenue at its UK bus unit rose 2.3 per cent, while its North American coaches operation posted a 7.5 per cent rise in like-for-like sales, shrugging off tough economic conditions.Shares in Stagecoach, which have risen 10 percent in the last three months, closed at 215 pence on Tuesday, valuing the group at around £1.5bn. Share John Dunne by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBrake For It40 Features In Cars No One Ever Knew: No.19 Is In Every CarBrake For Itzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutMoneyWise.comThe Worst College In Every US State, RankedMoneyWise.comFamilyThisThe Biggest Wrestlers From Back In The Day & How They Look NowFamilyThisMovie JewelInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeMovie JewelMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryQuizscapeThe Irish Can’t Handle This Slang QuizQuizscapeNext RefinanceThis Is Why The Roy Rogers Museum Has Been Closed For GoodNext Refinance Wednesday 8 December 2010 2:56 am Show Comments ▼center_img 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 whatsapp Tags: NULLlast_img read more

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first_imgWednesday 8 December 2010 8:22 pm 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 TimesBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Share whatsapp DEFENCE group BAE Systems is poised to axe up to 1,350 jobs across the UK today.The move, which follows the government’s October defence review and its decision to scrap the Nimrod and Harrier jets, will largely affect the company’s Woodford plant near Stockford, where the Nimrod was assembled. Around 700 jobs are set to go there, with a further 650 cuts at other sites where work on Nimrods and Harriers is carried out. BAE set to axe up to 1,350 jobs whatsappcenter_img Show Comments ▼ Tags: NULL KCS-content More From Our Partners Brave 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comlast_img read more

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first_img Show Comments ▼ Tuesday 21 December 2010 8:57 pm KCS-content whatsapp NEWS Corp was last night taking legal advice on whether to challenge Vince Cable’s decision to refer its bid for BSkyB to the media watchdog. Cable asked Ofcom to examine the deal on the grounds of public interest on 4 November – less than 24 hours after News Corp notified the European Commission of its intention to acquire BSkyB.Sources said the firm was “reviewing the situation” and “taking advice” from several parties, including its lawyers. A source close to News Corp said: “We’ve now gone down a line that has been initiated by someone who isn’t impartial. We can’t help but feel the whole process has been biased from the start.”News Corp insiders point out that Cable used the past tense when he told undercover reporters he was trying to scupper the deal. “I have blocked it using the powers that I have got and they are legal powers that I have got,” he said. The timing of Cable’s claims could not have been more ironic. They came just hours after the European Commission gave the green light to News Corp’s bid for BSkyB. Joaquin Almunia, the commissioner leading the investigation into the proposed takeover, said he was “confident” that it would not weaken competition in the UK.However, the EC was only examining the deal on relatively narrow competition grounds. Culture secretary Jeremy Hunt, who has been handed responsibility for overseeing the deal, must now decide whether the takeover would damage media plurality in the UK, a much trickier and politically sensitive question. Almunia said he was waving the deal through because News Corp and BSkyB were active in different UK markets and competed with one another only to a “limited extent”.News Corp owns News International, the UK’s largest publisher of national newspapers, and 39.1 per cent of BSkyB, the biggest broadcaster by revenue in the UK, with 10m subscribers. Last month News Corp offered 700p-a-share for the 60 per cent of BSkyB it does not already own. The offer was dismissed as too low by BSkyB, which said it would consider offers in the region of 800p-a-share. Both sides agreed to clear regulatory hurdles before negotiating over price. Ofcom, which is examining whether the deal would hurt media plurality in the UK, has already signalled that the case “raises potentially material public interest issues”. If News Corp and BSkyB fail to resolve those issues before a deadline of 31 December, Ofcom is likely to refer the matter to the Competition Commission (CC). BSkyB is already under investigation by the CC due to its dominant position in the premium TV movies market. In a bad sign for the satellite giant, Almunia said his probe had “revealed strong concerns over BSkyB’s exclusive deals for premium movies with all six Hollywood [studios]”. Share Tags: NULL whatsapp News Corp could bring legal action against Cable More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller 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.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice 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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

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