Petropavlovsk cuts its gold targets by less than feared

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDo It Houses[Pic] The Most Remarkable Dress Outfits EverDo It Housesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.com Petropavlovsk cuts its gold targets by less than feared Tags: NULL RUSSIAN miner Petropavlovsk cut its gold production target for the year by less than expected, helping to outweigh disappointing interim results.It cut its gold output guidance by around 40,000 ounces for the year, to 636,500 to 670,000 ounces.Many analysts had already factored in lower production, pushing the shares down 11 per cent since the group announced first-half output of 166,300 ounces in July. “While disappointing, we believe fears over a miss and an even worse production downgrade have been priced in during the run-up to results,” said Liberum Capital, adding that it expected a material improvement in the second half.Shares closed 4.4 per cent up at £10.19 in London trading yesterday. The company posted a net loss of $56.2m (£36.2m) for the six months through June, compared to a profit of $74.m in the same period last year. Sales slid 8.6 per cent to $195.7m, thanks to lower grades of precious metal emerging from existing mines. More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Share center_img whatsapp Thursday 26 August 2010 8:12 pm Show Comments ▼ whatsapp KCS-content last_img read more

Continue reading

David Ross considers dismantling debt-laden property firm Kandahar

first_imgSunday 26 September 2010 9:58 pm Tags: NULL Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgcenter_img David Ross considers dismantling debt-laden property firm Kandahar Share whatsapp THE CO-FOUNDER of Carphone Warehouse is set to break up his property empire and dispose of debt-laden assets, according to reports yesterday. David Ross has hired property consultants Jones Lang LaSalle and Cushman &Wakefield to advise on the options for his Kandahar Group retail property company, reported the Sunday Telegraph. Neither company could confirm the claims yesterday. There are several parties interested in puchasing the entire company, according to the reports, but Ross has begun to plan for a £230m sale of the Drake Circus shopping centre in Plymouth in case a bidder cannot be found. Ross has been using his own money to meet interest payments and keep Kandahar afloat since the firm breached banking covenants in December 2009. Kandahar was set up as a £500m joint venture with Morgan Stanley, but was badly hit by tumbling property values during the financial crisis.Ross was caught up in an FSA investigation after he inadvertently broke shareholder disclosure rules through Kandahar in 2008. He used his 20 per cent stake in Carphone Warehouse as security for Kandahar’s refinancing, but did not tell the boards of the companies. He stepped down from a series of high-profile roles at Carphone Warehouse, National Express and the London Olympic Games in the wake of the news, and prompted the FSA to declare an amnesty for the scores of other directors who had also pledged shares to back personal loans. Kandahar was unavailable for comment yesterday, while the on-duty manager at Drake Circus declined to comment. KCS-content last_img read more

Continue reading

GOOGLE MOBILE TO BRING MOST REVENUE

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 A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com GOOGLE MOBILE TO BRING MOST REVENUE whatsapp Show Comments ▼ Tuesday 28 September 2010 10:44 pm Sharecenter_img KCS-content whatsapp Tags: NULL More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com GOOGLE expects mobile searches to generate most of its revenue eventually, but it could take a long time despite growing at a rapid clip, said chief executive Eric Schmidt yesterday. Searches made on Android-based smartphones and other mobile devices are growing but will remain immaterial to its bottom line for some time, he said. last_img read more

Continue reading

Tullow stock hit as well in Ghana fails to strike oil

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.com Tullow Oil yesterday said a well offshore Ghana had failed to find oil, prompting one broker to downgrade the British-based explorer and hitting its shares.In a statement to the London Stock Exchange, Tullow yesterday said its Onyina-1 exploration well in the Deepwater Tano licence offshore Ghana had encountered water bearing reservoirs.Exploration director Angus McCross said: “The lack of hydrocarbons at this location highlights the high risks of charging and trapping oil in this secondary play.”The news from Tullow – which is headed by chief executive Aidan Heavey – comes after a tax dispute has delayed the pumping of oil from fields in Uganda. “This result is a blow to sentiment… the rating now looks stretched,” Richard Rose, oil analyst at Oriel Securities, said in a note in which he downgraded the stock to “reduce” from “hold”.US-based Anadarko Petroleum has an 18 per cent interest in the well.Tullow shares fell 3 per cent in early trading yesterday, against a 0.3 per cent rise in the STOXX Europe 600 Oil and Gas index. The stock finished 2 per cent lower at 1,227p, the lowest since 6 September. Tullow stock hit as well in Ghana fails to strike oil whatsapp Thursday 21 October 2010 8:20 pm Show Comments ▼ KCS-content center_img whatsapp Share Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Tags: NULLlast_img read more

Continue reading

Miliband calls for return to industrial intervention

first_img KCS-content Show Comments ▼ whatsapp Miliband calls for return to industrial intervention Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap THE GOVERNMENT should take a more active role in the private sector, Ed Miliband will say today, as he warns against returning to “business as usual” in the wake of the slump. Speaking at the CBI’s annual conference, Miliband will argue that government should not shy away from pursuing a policy of industrial interventionism. “What it means to be pro-business in the 2010s is different to what it meant in the 1990s. It means more than just getting out of the way,” he is expected to say. “Government should not be afraid to provide support to business that the market will not offer. That is the way to rebalance our economy.”Miliband will also claim the government has become obsessed with spending cuts at the expense of an economic strategy, a charge the Prime Minister will try to deflect with a series of pro-growth announcements to day. And the new Labour leader will champion small businesses at the expense of big business, adopting a tone that is remarkably similar to the coalition’s. “The change Tony Blair brought to our party certainly made us more welcoming for big business, but we must do more to understand the real importance of small business.”Meanwhile, Miliband is expected to defend his stance on the deficit, which he thinks should be paid down more slowly. center_img Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Sunday 24 October 2010 10:52 pm Tags: NULLlast_img read more

Continue reading

…as UK loses budget battle

first_img whatsapp Show Comments ▼ Wednesday 27 October 2010 9:00 pm 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 Famous, Now She Works In {State}MoneyPailSerendipity 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 …as UK loses budget battle Sharecenter_img KCS-content whatsapp DAVID Cameron is preparing himself for an embarrassing defeat in hisattempt to freeze the EU budget ahead of today’s council of European leaders.At Prime Minister’s Questions yesterday, Cameron promised to fight for a freeze or even a cut in the EU’s 2011 budget. However, after a series of telephone conversations with other European leaders late last night, he conceded the EU budget would likely rise by at least 2.9 per cent, increasing Britain’s contribution by £430m.Last night, aides said the increase was far less than the six per cent being called for by the European Parliament, but admitted the Prime Minister was hoping for a bigger concession. The move is likely to cause dissent among Tory backbenchers, who willpoint out that Cameron has said such a hike is “outrageous”considering the UK’s austerity measures. Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

Continue reading

KRAFT PROFITS BOLSTERED BY CADBURY

first_img Tags: NULL Thursday 4 November 2010 10:40 pm Show Comments ▼ whatsapp KRAFT Foods chief executive Irene Rosenfeld reported better-than-expected quarterly profit yesterday and affirmed its outlook for this year and next, with growth fuelled by its acquisition of Cadbury. Kraft’s net income was $754m, or 43 cents per share, in the third quarter, down from $824m, or 55 cents per share, a year earlier. KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity 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.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raidercenter_img whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Share KRAFT PROFITS BOLSTERED BY CADBURY last_img read more

Continue reading

Time Out owner sells £10m stake

first_imgThe 63-year-old took his magazine to America in 1995 to scepticism on both sides of the Atlantic but it has since become a staple in cities including New York and Chicago.He had a well publicised spat with the BBC after its acquisition of Lonely Planet, a major rival to his Time Out city guides. In 2005 he survived prostate cancer.He has also endured peaks and troughs with the business. Earlier this year he was forced to inject £3m of his own money into the business, which included remortgaging his St John’s Wood home.PETER DUBENSOAKLEY CAPITALSERIAL entrepreneur Peter Dubens­­­ learnt his trade from Joe Lewis, the Bahamas-based billionaire currency trader, who he spent his summers shadowing as a student. He has sold everything from novelty T-shirts to smoothies.He made his name in the wake of the dot com bubble in 2000 by buying up troubled companies for pennies, fixing them (or breaking them up) and selling them for a healthy return.He launched Oakley Capital in 2007, before the crash, but was spurred on by the credit crunch, sending his team looking for distressed firms in need of a cash injection. He specialises in financial services and technology firms. His most famous venture is Pipex, the broadband group, which he sold in 2007 for £210m. KCS-content 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 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”WanderoamHistorical 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 TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Oakley Capital has bought a 50 per cent stake in Time Out, in a deal that values the iconic magazine at more than £20m.Founder Tony Elliot has been searching for an investor but was determined to resist being snapped up by a larger media company.He is understood to have made at least £3m from the share sale – the sum he invested in it earlier this year after banker Lloyds became uncomfortable with the level of lending to the firm.He says he will hang onto the other half of the firm he founded in 1968 with just £70.The group has grown to incorporate 36 city magazines published in 24 countries, 22 travel magazines in 19 countries and an extensive events business.Annual turnover is £17m – down from its peak of £25m in 2007. However, the firm reported a profit of £1.7m after cutting costs.He said: “We are more profitable this year than we have ever been, and going forward the sky is now the limit on what we can achieve.”Elliot added: “There is incoming money into the business that has dealt with debt. It’s dealt with working capital, it’s dealt with various costs and I have some money. We now have absolutely no debt.”Oakley director Peter Dubens said the investment firm plans to develop Time Out’s digital potential.“We are going to help the business, which has not had a lot of working capital over the last few years, to create a very large presence digitally, both mobile and on the internet.“There are many cities the magazine is not in, and the other thing that will happen will be expansion, both more depth in cities it is already in, and in further cities all over the world.”Liberum Capital acted as financial adviser and broker on the deal.TONY ELLIOTT TIME OUTTONY Elliott famously founded Time Out in London in 1968 for just £70, building the firm into a global presence. whatsapp Thursday 25 November 2010 8:00 pmcenter_img Tags: NULL Share Time Out owner sells £10m stake whatsapplast_img read more

Continue reading

Government broadband plan revealed

first_imgSunday 5 December 2010 10:58 pm THE government will this morning announce an £830m strategy it hopes will make the UK the leading broadband network in Europe by 2015.A new paper will set out plans to stimulate private investment and encourage competition in the industry.This will involve encouraging firms to share their infrastructure in order to lower the costs of rolling out fast internet access.The proposals include connecting every community to the broadband network by the end of this parliament – regardless of how remote they are.Culture, media and sport minister Jeremy Hunt said: “A superfast network will be the foundation for a new economic dynamism, creating hundreds of thousands of jobs and adding billions to our GDP.Matthew Fell, CBI director for competitive markets, said: “We welcome the Government’s strategy for achieving the best superfast broadband network in Europe by 2015. Now more than ever, it is crucial that the UK can compete for business and drive economic growth on the basis of its digital infrastructure, particularly in industries where we have a natural strength such as the creative sectors.“Government must now work with private sector operators to ensure that they have the framework they require to invest with certainty and confidence in the UK market.” Share KCS-content 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 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm center_img Show Comments ▼ whatsapp Government broadband plan revealed Tags: NULL whatsapplast_img read more

Continue reading

Aggreko wins Olympics deal

first_img KCS-content whatsapp AGGREKO, the Scottish power specialist, has sealed a £37m deal to supply electricity to the London 2012 Olympic Games.The Glasgow-based company will provide about 220 megawatts of power – some 60 megawatts more than it supplied at the Beijing games in 2008.Aggreko has also provided power for the football World Cup in South Africa and the Vancouver Winter Olympics.The company, which has 5,000 employees, said it had also been signed up as a sponsor for the London games after winning the deal. Monday 20 December 2010 8:06 pm Show Comments ▼ Share Aggreko wins Olympics deal Tags: NULL 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 whatsapplast_img read more

Continue reading