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first_img Glass towers reflect new opportunities for the City Show Comments ▼ LAST week was widely reported as a good news week for the City; two more skyscraper projects – British Land’s Cheesegrater and Land Securities’ Walkie Talkie – were revived and One New Change, the new jewel in the City’s retail offering, opened to huge fanfare and to huge crowds.All of this is of course good news, particularly in a week when the UK recorded higher than expected second quarter growth. Despite the crisis, top firms and top talent still want to locate in London so projects such as the Cheesegrater, and the Walkie Talkie were always going to be revisited once we emerged from the darkest days of the credit crunch.The City’s property market has proven remarkably robust and some large firms have expanded the size of their operations or moved back to the City in recent times. However, the consequent lack of truly ‘grade A’ office space available in the City at the moment is impacting upon our international competitiveness – if we cannot offer global firms a range of options to suit their business needs, then they will look elsewhere. That is why last week’s announcements were so welcome.And it is not just the City’s skyline that is changing; last week saw the opening of One New Change, the City’s major new shopping centre – a stunning piece of architecture that also contains 330,000 sq ft of office space.This iconic development in the shadow of St Paul’s offers a convenient and much needed service within the Square Mile and will significantly enhance the City as a tourist destination and as a place to live, to shop and, of course, to do business.However, One New Change is just one stage in the ongoing regeneration of Cheapside, a process which will help to realise the City of London’s vision of creating a retail district fitting for one of the world’s leading financial centres. A major part of this regeneration are the continuing improvement works to the street itself, due for completion in good time for the 2012 Olympics. I am pleased to report these works are currently being delivered on time – the first phase immediately around One New Change is now complete – under budget and to the satisfaction of all parties. Whilst there is no doubt that the opening of One New Change and the revival of the Cheesegrater and Walkie Talkie will improve the City’s business offer, threats to the City remain.The international business community naturally remain nervous about the key issues of regulation and tax and some of the proposals coming out of Westminster and Brussels.Good regulation and fair, equitable and predictable taxation are essential in order to attract international capital – which in turn creates wealth and much needed tax revenues in this time of austerity. The jobs created by these new developments and the services that not only support the construction but will eventually support the occupants, perfectly illustrates why the City needs to remain globally competitive and open to international capital and talented people from around the globe.If we fail to get the right balance between tax and regulation it doesn’t matter how many skyscrapers we build or how many shops and restaurants are opened, the City will be forced to downsize to a level commensurate with purely domestic demand. In other words a much smaller City with a reduced demand for both office and retail space. Let us ensure that does not happen.Stuart Fraser is the Chairman of the Policy and Resources Committee at the City of London Corporation. KCS-content whatsapp More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell 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.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Share Sunday 31 October 2010 9:58 pm Tags: NULL whatsapplast_img read more

first_img Albanese between rock and hard place Sunday 20 February 2011 11:05 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Show Comments ▼ Tags: NULL It seems Rio Tinto chief executive Tom Albanese can’t win. After navigating the mining group through choppy financial waters to report record profit, lower debt and a $5bn buyback last week, Albanese’s firm was derided as “pathetic” and “boring” by the market.While a share buyback is generally the last refuge of a board that’s run out of ideas, investors are looking to the bellwether firm to share the spoils of the commodities boom as quickly as possible without the drama of another blockbuster acquisition attempt. Perhaps management should plump for the safe, albeit dull, option and return the cash while they still can. Share whatsapp whatsapp KCS-content last_img read more

first_imgNICO Holdings Limited (NICO.mw) listed on the Malawi Stock Exchange under the Insurance sector has released it’s 2004 abridged results.For more information about NICO Holdings Limited (NICO.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the NICO Holdings Limited (NICO.mw) company page on AfricanFinancials.Document: NICO Holdings Limited (NICO.mw)  2004 abridged results.Company ProfileNICO Holdings Limited provides products and services for general insurance, life insurance and pension administration in the corporate and private sector of Malawi; with interests in banking, asset management and information technology services. NICO Holdings Limited operates in Malawi, Zambia, Tanzania, Uganda, Mozambique and Zimbabwe. It was established in 1965, and was the first general insurance company to list on the Malawi Stock Exchange. Its general insurance division covers segments that range from personal accident and household insurance to construction, engineering, professional indemnity, marine hull and cargo, fire and loss of profits. NICO Holdings Limited also offers insurance for individuals and corporate clients which includes endowment assurance and savings protection. The company has a corporate banking division offering standard products and services, aswell as solutions for foreign exchange, investment management and women business programmes. NICO Holdings Limited has invested in providing technology services to clients, including software and Internet systems and communication solutions, card technology and surveillance systems. NICO Holdings Limited is listed on the Malawi Stock Exchangelast_img read more

first_imgFurnmart Limited (FURNMA.bw) listed on the Botswana Stock Exchange under the Retail sector has released it’s 2012 interim results for the half year.For more information about Furnmart Limited (FURNMA.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Furnmart Limited (FURNMA.bw) company page on AfricanFinancials.Document: Furnmart Limited (FURNMA.bw)  2012 interim results for the half year.Company ProfileFurnmart Limited markets furniture and electrical appliances for the domestic market through an international network of retail outlets in Botswana, South Africa, Namibia and Zambia. The company also offers a range of smart credit services. Furnmart retail outlets offer a wide range of home products that includes kitchen appliances such as fridges, freezers, washing machines and microwaves; bedroom products which include bed bases and mattresses, and bedroom furniture, rugs, carpets and curtains; and stylish furniture for the lounge and dining room which includes couches, dining room tables and chairs, and quality carpets and curtains.last_img read more

first_imgKakuzi Limited (KUKZ.ke) listed on the Nairobi Securities Exchange under the Agricultural sector has released it’s 2016 annual report.For more information about Kakuzi Limited (KUKZ.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Kakuzi Limited (KUKZ.ke) company page on AfricanFinancials.Document: Kakuzi Limited (KUKZ.ke)  2016 annual report.Company ProfileKakuzi Limited grows, packs and sells avocados in Kenya. The company also has interests in growing, cracking and selling macadamia nuts; growing tea and producing tea products; and growing and selling pineapples. Its forestry division produces a range of timber products which include poles, fencing posts, gates, planting boxes, trellises, doors and door frames and heat-treated pallets. Kakuzi Limited also has interests in livestock farming; primarily beef and dairy cattle. Its livestock operation offers a cattle breeding and management service and overseas the production and sale of halaal beef, offal, hides, manure and hay. Kakuzi Limited has operations in the United Kingdom and regions in Europe. Kakuzi Limited is a subsidiary of Camellia Plc (United Kingdom) and its head office is in Thika, Kenya. Kakuzi Limited is listed on the Nairobi Securities Exchangelast_img read more

first_imgPresco Plc (PRESCO.ng) listed on the Nigerian Stock Exchange under the Agricultural sector has released it’s 2018 interim results for the first quarter.For more information about Presco Plc (PRESCO.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Presco Plc (PRESCO.ng) company page on AfricanFinancials.Document: Presco Plc (PRESCO.ng)  2018 interim results for the first quarter.Company ProfilePresco Plc is a fully-integrated agro-industrial company in Nigeria with business interests in the cultivation of oil palm plantations and milling and crushing palm kernels to produce a range of refined vegetable oil. The company also has a packaging plant and a biogas plant which treats its palm oil mill effluent. Presco Plc specialises in cultivating oil palm and extracting, refining and fractionating crude palm oil into finished products. The company supplies specialty fats and oils of outstanding quality. Presco Plc has a concession of 6 462 hectares at Obaretin Estate; 12 560 hectares at Ologbo Estate; 2 800 hectares at Delta Estate; and 17 000 hectares at Sakponba Estate. Presco Plc is a subsidiary of Siat, a Belgian agro-industrial company which specialises in cultivating smallholder plantations of mainly oil palm and rubber tree crops. Siat has a major stake in the Ghana Oil Palm Development Company (GOPDC) in Ghana, Siat Gabon in Gabon and Compagnie Heveicole de Cavally in Ivory Coast. The company’s head office is in Edo State, Nigeria. Presco Plc is listed on the Nigerian Stock Exchangelast_img read more

first_imgFlame Tree Group Holdings Limited (FTGH.ke) listed on the Nairobi Securities Exchange under the Industrial holding sector has released it’s 2019 annual report.For more information about Flame Tree Group Holdings Limited (FTGH.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Flame Tree Group Holdings Limited (FTGH.ke) company page on AfricanFinancials.Document: Flame Tree Group Holdings Limited (FTGH.ke)  2019 annual report.Company ProfileFlame Tree Group Holdings Limited manufactures and sells a range of beauty care products in Kenya which includes creams, nail polishes, lotions and moisturizers. The company also has operations in Mauritius, Rwanda, Ethiopia, Dubai and Mozambique. Flame Tree Group Holdings Limited also manufactures plastic products for bulk water storage which includes Roto Tanks and Jojo Plastics. The company is a subsidiary of FTG Holdings Limited and its head office is in Nairobi, Kenya. Flame Tree Group Holdings Limitedlast_img read more

first_img Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address Jonathan Smith and The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Jonathan Smith | Monday, 13th January, 2020 | More on: AML The Aston Martin share price rallied 13% on Friday! Is it time to buy or sell? I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Sharescenter_img See all posts by Jonathan Smith I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. We may only be a couple of weeks into 2020, but that hasn’t stopped there being plenty of newsworthy stories in the financial markets. For Aston Martin Lagonda (LSE: AML), it has already had enough coverage to last it several months!For both good and bad reasons, the share price for the firm has been on a roller coaster ride thus far in January, the latest of which was a 13% rally in trading on Friday. But why did it happen?5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Starting in first gearThe year opened for Aston Martin with its share price just under 550p. The price fell sharply though, thanks to a profit warning, with CEO Andy Palmer commenting that “our underlying performance will fail to deliver the profits we planned“. The company said it was hit by “lower sales, higher selling costs and lower margins“.As far as business 101 goes, that is a lethal (but fairly basic) cocktail of how to not have a successful business. If your revenue falls and your costs increase, not only will you have lower profit margins, but ultimately less profit itself. This can be seen with the profit warning, as Aston said it expects to make £130m-£140m in profit, down from analysts’ expectations of £196m.The end result was the share price falling as low as 407p this week, down almost 26%.Foot to the floorThe contrast was startling though with trading on Friday when the share price accelerated 13% higher in a single day. The main driver of this was the news that Chinese carmaker Geely was planning to buy into Aston.You may not be too familiar with Geely, but the company owns household car brands such as Volvo and Lotus, and so is well known in the automotive space.This move, which the firm says is at a due diligence stage, could be the shot in the arm that Aston needs. Aston has acknowledged that raising additional funds via debt or equity is likely to be needed in order to keep operations flowing. Raising money via debt can be very expensive, with rumours that the latest $100m of funding Aston is looking to take on is going to attract a 15% interest rate. Bearing in mind the base rate here in the UK is 0.75%, the risk premium to take on this debt is huge.However, the market took the interest by Geely and some other potential investors as good news, and faith that Aston can be turned around by some outside help.From here, I would say that Aston could present a good buying opportunity for investors. The raising of new funds will be expensive, but if it allows strategic investors to come on board then the experience this brings could help Aston kick on. Looking towards the longer term, it is to be hoped that a couple of admittedly-bad years in the public space do not have to tarnish a business that has made some steps forward since the IPO in 2018. “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

first_img Enter Your Email Address Christopher Ruane | Friday, 11th June, 2021 Simply click below to discover how you can take advantage of this. £1,000 each year in passive income would come in quite handy for me. I have a plan to achieve that by investing in UK dividend stocks. Here’s how.What are dividend stocks?When companies generate profits, they can use it in a few ways. Sometimes, they will pay off existing debt. Saga is an example of a company which doesn’t plan to pay a dividend for several years, as it has significant debt on its balance sheet. Often companies will use surplus cash to invest in growth. Fast expanding firms like S4 Capital and THG don’t pay dividends because they believe they can use the money to grow their businesses.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…But often, companies will pay out at least some of the money as dividends. These are payments a company makes to shareholders, based on the size of their shareholding. A business that generates a lot of cash but lacks attractive growth opportunities is a classic example of a dividend stock. Such UK dividend stocks include British American Tobacco and National Grid.UK dividend stocks as passive income streamsThese dividends could form a passive income stream. That’s how I hope to generate £1,000 a year by sitting back and waiting for the dividends to roll in. Of course, there’s always a risk that dividends won’t be paid.For example, a company could reduce its dividend as it reorganises its business, like Imperial Brands did last year. It could cut the dividend while business is tough, as Babcock has done. It could also simply decide to stop paying dividends altogether for a while.To mitigate this risk, I invest in a variety of UK dividend stocks. That diversification isn’t limited to individual shares – I also make sure I invest across a number of different business sectors.My £1,000 passive income planThe FTSE 100 yield averages around 3%. So to achieve £1,000 a year in dividend income at that rate, I would be looking at an investing pot of around £33,400. Could I achieve my passive income with less? I think I could.My plan would be to invest in shares that pay out a higher dividend yield than the average. Fortunately, there’s no shortage of such shares. For example, British American Tobacco pays out 7.5%, M&G also yields 7.5% and the payout on Legal & General equates to 6.4% at the current share price.If I can select a diversified group of shares with an average yield of 7%, for example, I’d hope to generate £1,000 annually in passive income with a pot of less than £15,000.Risks in UK dividend stocksBut why would shares yield more than double the average?One explanation is that the 3% average figure is skewed by growth stocks that don’t pay dividends. So quite a few dividend stocks offer a higher dividend yield than the average.But high dividends can also signal a market assessment of risk. The market may think that a company’s future prospects look dim. There’s a risk that smaller profits could lead to dividend cuts.Yet if I diversify my portfolio and only invest in what I think are attractive companies (rather than focusing just on yield), I hope to minimise that risk. With an initial capital investment, or a pot built up over time, I hope to generate £1,000 annually from my portfolio of UK dividend stocks. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares christopherruane owns shares of Babcock International Group, British American Tobacco, Imperial Brands, and S4 Capital plc. The Motley Fool UK has recommended Imperial Brands. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Learn how you can grab this ‘Top Income Stock’ Report nowcenter_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’d aim to make £1k a year from UK dividend stocks Image source: Getty Images. We think that when a company’s CEO owns 12.1% of its stock, that’s usually a very good sign.But with this opportunity it could get even better.Still only 55 years old, he sees the chance for a new “Uber-style” technology.And this is not a tiny tech startup full of empty promises.This extraordinary company is already one of the largest in its industry.Last year, revenues hit a whopping £1.132 billion.The board recently announced a 10% dividend hike.And it has been a superb Motley Fool income pick for 9 years running!But even so, we believe there could still be huge upside ahead.Clearly, this company’s founder and CEO agrees. The Motley Fool UK’s Top Income Stock… See all posts by Christopher Ruanelast_img read more

first_img2 top dividend stocks I’d buy more of Rupert Hargreaves | Saturday, 12th June, 2021 | More on: DGE DLG Image source: Getty Images Rupert Hargreaves owns shares in Direct Line and Diageo. The Motley Fool UK has recommended Diageo. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address We think that when a company’s CEO owns 12.1% of its stock, that’s usually a very good sign.But with this opportunity it could get even better.Still only 55 years old, he sees the chance for a new “Uber-style” technology.And this is not a tiny tech startup full of empty promises.This extraordinary company is already one of the largest in its industry.Last year, revenues hit a whopping £1.132 billion.The board recently announced a 10% dividend hike.And it has been a superb Motley Fool income pick for 9 years running!But even so, we believe there could still be huge upside ahead.Clearly, this company’s founder and CEO agrees. I believe owning dividend stocks is one of the best ways to generate a passive income. With that in mind, here are two income stocks I already own and will be buying more of in the future.Top dividend stocksThe first company is the insurance group Direct Line (LSE: DLG). There are a couple of reasons why I like this business.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…For a start, it is one of the largest car insurance companies in the UK. As car insurance is a legal requirement, and is likely to remain so for the foreseeable future, this gives the business a vast captive market.The group also sells home insurance and other add-on products, giving consumers a one-stop shop. I think this only increases the company’s appeal to customers.The company’s size also provides an advantage and helps its appeal as one of the market’s best dividend stocks. Its size means it has significant economies of scale. As such, it can keep costs low, which helps profit margins.Despite its advantages, Direct Line also faces risks and challenges. For example, a series of significant natural disasters could cause an elevated level of losses. In this scenario, the company might have to reduce its dividend to cover customer losses.On the other hand, if costs increase, the company may also face tighter profit margins.Even after taking these challenges into account, I’m attracted to the corporation and its 7.4% dividend yield. That’s why I would buy more of the stock for my portfolio.Global giantAs well as Direct Line, I would also buy more of drinks giant Diageo (LSE: DGE) for my portfolio of dividend stocks.While these two companies operate in completely different sectors and produce entirely different products, I think they exhibit similar qualities.Like Direct Line, Diageo owns a portfolio of well-known household brands. It’s also one of the largest alcoholic beverage producers globally, which means it has substantial economies of scale.I think these qualities can support the company’s dividend. Shares in the group offer a dividend yield of 2.1%, and the payout is covered 1.6 times by earnings per share.This ratio implies the company is paying out around 75% of profits to investors as dividends. I think this level is quite attractive because it leaves headroom to fund growth initiatives. Such a modest payout ratio also gives the group financial flexibility.I think these are all desirable qualities, and that’s why I would buy more of the company for my portfolio of dividend stocks.A critical risk the company is facing right now is rising commodity prices. As a result, Diageo’s profit margins could come under pressure if it cannot pass higher costs on to customers. That may mean the business has to reduce its dividend payout if profits fall substantially. Simply click below to discover how you can take advantage of this.center_img The Motley Fool UK’s Top Income Stock… Learn how you can grab this ‘Top Income Stock’ Report now Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares See all posts by Rupert Hargreaveslast_img read more