Harriet Green told a conference last week that Thomas Cook’s transformation is “absolutely not done”

first_img Share What’s going on with Harriet Green’s departure? The Thomas Cook chief executive announced today she is stepping down with immediate effect because, she said, “my work here is done”.Her transformation of Thomas Cook’s fortunes has certainly been extraordinary – shares were languishing around 15p when she joined in 2012. Today, they were trading at 110p, despite a 20 per cent fall after her announcement. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryHero WarsThis game will keep you up all night!Hero WarsTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical Matters whatsapp Tags: Company Thomas Cook Group Harriet Green told a conference last week that Thomas Cook’s transformation is “absolutely not done” You can’t do a transformation on this sort of scale in a year or two years. I usually say it’s about six years.We go to the City next week with our second year results and to show if and how the company has become fitter and better and we’re absolutely not done. whatsapp But what’s confusing is that as recently as Friday, Green was adamant that the company’s turnaround was “absolutely not done”.At Management Today magazine’s Inspiring Women conference, Green told an audience: Wednesday 26 November 2014 3:00 pm The plot thickens. You can watch Green’s full appearance here: Emma Haslett 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.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.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comPuffer fish snaps a selfie with lucky divernypost.com Show Comments ▼last_img read more

Barcelona star Andres Iniesta lists family vineyard on Airbnb

first_img Tags: Airbnb Sharing economy Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryHero WarsThis game will keep you up all night!Hero WarsTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef Pick Barcelona star Andres Iniesta lists family vineyard on Airbnb whatsapp whatsapp Show Comments ▼ Joe Hall Friday 28 November 2014 5:28 am Fancy sipping on a glass of red in the beautiful Spanish countryside with the scorer of the winning goal in a World Cup final?Barcelona star Andrés Iniesta is giving you the chance to do just that, by placing a one-off listing for a night at his family vineyard, “Bodega Iniesta”, on Airbnb.   All you have to do is explain in a hundred words or less why you would like to stay at the “cosy cottage” based in one of Spain’s renowned wine regions, Castilla-La Mancha. Iniesta, his family and the director of the vineyard are looking for entrants who can surprise with a passion for football, nature and wine. The winner and a friend will be given a guided tour from Iniesta of his cellar; “a very important place for me” says the Barcelona star, who promises to tell you the secrets not of his precision passing, but of his wine production. Winners will also get to explore the village of Fuentealbilla, the midfielder’s home town. On the listing, Iniesta explains: For my family, the Bodega is a dream come true. I want to share this charming space with travellers who are looking for a once-in-a-lifetime experience. Although people know me for my passion for football, we hope to share our other concerns. Such as our love for nature and the exquisite fruit of the vineyards. Winners must send in their entries by December 11, and will be invited to stay in the rural retreat on December 22.  However, if you’re from North Korea, Iran, Cuba or Indonesia, don’t bother applying. According to the listing, this competition is not open to you.last_img read more

Tesco executive Matt Simister returns as supermarket restructures top team in aftermath of profits overstatement

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars Ultimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical Matters Catherine Neilan whatsapp Share Show Comments ▼ Tesco has restructured its top team in the wake of its profit overstatement, with one of the executives who stepped aside during the investigation into its accounting irregularities returning to the company.  Matt Simister, who was one of several executives to step aside in September, will return to his role as group food sourcing director next Monday (December 8).  Tesco chief executive Dave Lewis said he was “delighted” about his return.  “We asked Matt to step aside to facilitate our recent investigation into commercial income recognition,” he explained. “During our work it became clear that Matt, in fact, worked tirelessly to resolve the issues we faced. Matt is one of our most capable leaders, and I am confident his leadership will support our agenda in commercial going forward.” However it is thought that UK managing director Chris Bush has permanently left the company.  Although Tesco would not comment on individuals, it announced today that chief executive Dave Lewis is taking on the “day to day leadership of the UK operation”, which previously sat within Bush’s remit.  Bush had been at Tesco’s UK arm since March 2012. Three other executives – Kevin Grace, Carl Rogberg and John Scouler – are also thought to have left the company, according to widespread reports. Grace was previously group commercial director, and had been at Tesco since 1982. Jason Tarry, who was previously head of Tesco’s clothing arm F&F, has been appointed head of commercial for the UK and the group.  Tesco revealed a number of other changes to its top team.   Chief customer officer Jill Easterbrook will lead what it calls “the business transformation programme” and Tesco Bank chief executive Benny Higgins is taking on additional responsibility for group strategy.  Robin Terrell , group multichannel director, is becoming head of customer, while Rebecca Shelley, corporate affairs director, is leading corporate communications.  As a result, Matt Atkinson’s role as chief creative officer and David Hobbs’ position as group business planning and strategy director are “no longer needed”, Tesco said.  The changes will come into being from January 1.  The Serious Fraud Office is currently investigating the profits overstatement, which created a £263m black hole in the supermarket’s most recent set of accounts.   Tags: NULL Monday 1 December 2014 12:45 pm Tesco executive Matt Simister returns as supermarket restructures top team in aftermath of profits overstatement last_img read more

Autumn Statement 2014: George Osborne tells Labour – anything you can do, I can do better

first_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.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.com whatsapp whatsapp Picture the scene. A room full of Treasury policy experts, a month or so before the Autumn State­ment. The mood is tense, everyone knows the numbers aren’t as good as the chancellor hoped and the election looms menacingly on the political horizon.Pacing up and down, a pensive look on his newly-slim face, George Osborne addresses his wonks: “OK, what has Labour been up to in the past couple of weeks? Where have they landed blows?” Tentatively, a hand goes up. “You can’t trust the Tories with the NHS keeps coming back to bite us… comes the first stuttering reply. “Mansion tax went down pretty well,” another counters, “breaking up the big banks, tax avoiders?” offers a boffin as she chews on the end of her pen. Someone draws the inevitable spider diagram, policies stretch out towards the corners of the page and Osborne, excited now, calls out: “OK, so how much do we have to spend?” The room falls silent.  This is the reason why columnists have repeatedly referred to the chancellor as a conjurer this week, preparing his scrawny rabbit for its big reveal in the House of Commons. So far this year he hasn’t delivered on his key promise to cut the deficit, and that’s a bit problematic when an election looms and some other party has nicked your fall-back plan. Ukip has been nipping at Tory heels for months, and this Autumn Statement was Osborne’s last chance to prove his mettle as the man best placed to hold the purse strings. So what do you do when another party steals your principles and gives them a snazzy new yellow and purple facelift? You nick someone else’s plan, that’s what.  Except it wasn’t the Lib Dems in the chancellor’s sights this time – he’s already leached the personal allowance and childcare vote-winners from poor Nick Clegg, who chose (perhaps wisely) to take a nice trip to Cornwall rather than watch the statement. Instead, the Treasury pilfered the logic behind some of Labour’s best headline-grabbers of the past few months and made them sound credible.  The mansion tax (people in big houses with lots of money = bad) became a stamp duty overhaul; breaking up the big bad banks became closing down a tax relief scheme to squeeze out some extra billions.  A good litmus test for a policy announcement is to ask who will pay for it. With stamp duty, it’s the government taking the hit. Make no mistake voters, this is no money-maker, this is Osborne’s best political shot across Ed Miliband’s bow. It’s the grown-up version of anything you can do, I can do better.  Taking to the dispatch box, Osborne looked nervier than usual, which is unsurprising really; repackaging your opposition’s best stuff in front of their very eyes is a brazen move indeed. He fumbled over the disappointing deficit figures and managed a couple of jokes – one playing on Miliband’s likeness to Wallace from Wallace and Gromit. It was all a bit underwhelming.  Ultimately, Osborne didn’t really need to rise to the occasion. He’s the bad cop to Cameron’s aspirational good; it’s his job to figure out the numbers, not the headlines. Labour may well be ahead in the polls, but not by much; the field is still wide open. All the Tories have to do is look convincing on the policies that cause voters to prick up their ears and persuade them that economic credibility matters. In rewriting Labour’s own policy to head them off at the pass, Osborne is as good as admitting that Miliband has a decent dog in the election fight – but it’s still too close to pick a winner.  Tags: Autumn Statement 2015 George Osborne People Sharecenter_img Kate McCannKate McCann is a reporter at City A.M. She covers politics and insurance and can be contacted at [email protected] by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars MoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus Eliminator Autumn Statement 2014: George Osborne tells Labour – anything you can do, I can do better Show Comments ▼ Wednesday 3 December 2014 8:11 pmlast_img read more

Nasa’s Orion spacecraft mission to Mars launch has been cancelled… for now

first_img Nasa’s Orion spacecraft mission to Mars launch has been cancelled… for now Thursday 4 December 2014 10:18 am whatsapp Lynsey Barber Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI 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.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comcenter_img Tags: Nasa Nasa’s mission to Mars test flight has been cancelled after technical difficulties stopped the Orion spacecraft from taking off this afternoon.The US space agency’s mission was due to take off from Cape Canaveral between 12pm and 3pm today, but scientists were forced to postpone launch a number of times after the technical difficulties and high winds, eventually cancelling today’s launch altogether. The launch of the test mission will be rescheduled and Nasa said its next possible launch window was on Friday.Nasa spokesman Mike Curie said: “Despite the valiant attempts of the launch team and mission managers around the country, we basically ran out of time in trying to troubleshoot.”The mission, which was initially delayed by a boat straying too close to the launch area, is a test for being able to send humans into space further than we have ever been before, even as far as Mars.Orion was due to travel around the earth twice at an altitude of more than 3,000 miles before returning to earth at speeds of 20,000 miles per hour upon re-entry. whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoHero Wars Advertisement This game will keep you up all night! Hero Wars UndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndo Sharelast_img read more

Champions League draw: Arsenal gifted easy Monaco draw, but Chelsea and Manchester City handed tough ties

first_img whatsapp whatsapp Joe Hall Share Monday 15 December 2014 6:42 am More From Our Partners Brave 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Arsene Wenger will head back to his old stomping ground Monaco next year, after Arsenal drew the French side for the Champions League last 16. Meanwhile, Manuel Pellegrini and Jose Mourinho will be wary of two tough-looking draws for Manchester City and Chelsea, against Barcelona and Paris Saint-Germain respectively. The Gunners have failed to progress past the last 16 stage of the competition for four consecutive seasons after tough draws against Barcelona, AC Milan and Bayern Munich (twice). After finishing second in their group, Arsenal fans feared another tough draw against Real Madrid or Bayern Munich, but will be confident against a Monaco side who scored just four goals in the group stage. The first leg will take place on either the 17/18 or 24/25 of February, with the return on either 10/11 or 17/18 March. It’s a familiar feeling for Manchester City, who face Barcelona in the first knockout stage for the second successive season. Last season Manuel Pellegrini’s men came unstuck against Lionel Messi and co, losing 4-1 on aggregate over two legs.  Jose Mourinho’s Chelsea will play Group F runners-up Paris St. Germain – a rematch of last season’s quarter-final. The Blues then turned around a 3-1 first leg deficit in dramatic style at Stamford Bridge. The draw in full: PSG vs ChelseaMan City vs BarcelonaLeverkusen vs Atletico MadridJuventus vs DortmundSchalke vs Real MadridShakhtar Donetsk vs BayernArsenal vs MonacoBasel vs Porto center_img Champions League draw: Arsenal gifted easy Monaco draw, but Chelsea and Manchester City handed tough ties Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsThis game will keep you up all night!Hero WarsTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tags: Manchester Citylast_img read more

Near-doubling of gains at McBride sends shares higher

first_imgSHARES in McBride surged yesterday as profits at the company almost doubled in the last six months of 2014Growth in Germany derived from prior year business wins was offset by a weaker performance in Italy and Spain and subdued revenues in UK and France.The company, which specialises in making household and personal care products, has benefited from the decline in input-costs and increased productivity.Despite a decline in revenues of four per cent to £365m during this period, profit before tax rose 97 per cent to £7.3m. Shares in the company closed up 3.45 per cent on the results. whatsapp Share Show Comments ▼ Tags: NULL whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldLivestlyThe Best Redhead Actresses, RankedLivestlyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableySenior Living | Search AdsSenior Apartments Coming to Scottsdale (Take A Look At The Prices)Senior Living | Search AdsBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderArticles SkillHe Left Wife For Her Sister, Then She Wins It AllArticles Skillcenter_img Near-doubling of gains at McBride sends shares higher More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKansas coach fired for using N-word toward Black playerthegrio.comWhy people are finding dryer sheets in their mailboxesnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Express KCS Thursday 5 February 2015 8:08 pmlast_img read more

Balfour Beatty clinches HK$3.2bn contract for development in Hong Kong

first_img Show Comments ▼ Balfour Beatty clinches HK$3.2bn contract for development in Hong Kong whatsapp Monday 23 February 2015 2:12 am Balfour Beatty has clinched a HK$3.2bn (£268m) contract for a joint venture with Gammon Construction for the construction of a major residential development in Hong Kong.It will create 900 residential apartments through the building of seven blocks, alongside retail and recreational facilities. The project, which also involves building a public transport interchange and five footbridges, will complete in 2018, “This project reflects the continuous growth in the residential market across Hong Kong,” Leo Quinn, Balfour Beatty’s chief exec, said. “The government has projected that the private housing sector will, on average, produce over 14,500 flats each year in the next five years, representing an increase of about 30% compared to the last five years.”Chinachem Group developed the project, and the contract is with TW5 Cityside Property Development. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsTheFashionBallPrince Harry Admits Meghan Markle May Not Be The OneTheFashionBallWorldemandCanal Drained For First Time And They Find ThisWorldemand Sharecenter_img whatsapp Jessica Morris Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe 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 Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe WrapTig Notaro Never Looks Right in ‘Army of the Dead’The Wrap Tags: NULLlast_img read more

Pair of veteran investment bank partners quit roles at STJ Advisors

first_imgTWO TOP partners at STJ Advisors have resigned their positions, Companies House filings showed on Friday.Head of debt advisory Nicholas Coates and equity capital markets veteran John Jensen have both resigned.Coates has 31 years of experience in the market, and was responsible for much of the development of the European high yield debt markets – he founded high yield groups for both RBS and ING Barings.Meanwhile Jensen has been in the industry for 35 years.His past roles include senior positions at Merrill Lynch, as a managing director in equity capital markets in London and New York, as well as vice chairman of the firm’s global equity capital markets business.STJ acts as an independent buyer for firms on major transactions, in addition to the investment banks working on the deals.STJ Advisors declined to comment. Express KCS 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof whatsapp Show Comments ▼ Pair of veteran investment bank partners quit roles at STJ Advisors center_img Sunday 1 March 2015 11:17 pm Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comGundry MD Bio Complete 3 SupplementTop Surgeon: This Simple Trick Empties Your Bowels Every Morning (Almost Immediately)Gundry MD Bio Complete 3 SupplementForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesHistory 10[Gallery] The 25 Worst Casting Choices of All-TimeHistory 10WorldemandCanal Drained For First Time And They Find ThisWorldemandComedyAbandoned Submarines Floating Around the WorldComedy Tags: NULLlast_img read more

“Politicians are scared of telling the truth”: Circle blames Hinchingbrooke hospital failure on unequal spending cuts across the NHS

first_imgTuesday 31 March 2015 4:42 am Show Comments ▼ Exclusive: Today, the NHS’s biggest privatisation experiment ever comes to an expensive and embarrassing end – Circle Healthcare, which was chosen by the government three years ago to turn around the troubled Hinchingbrooke hospital in Cambridgeshire, is abandoning the project seven years early, leaving behind a deficit of between £7.7m and £12m. What’s more, the taxpayer will have to make up the difference.But Nick Boyle, business development manager at Circle, has told City A.M. that as soon as the hospital fell into Circle’s hands it was no longer placed on a “level playing field” with the rest of the NHS – a fact “ignored” by politicians.  “One of the key problems with the management and improvement of the health service is that it is so politicised,” he said. “Politics just always gets in the way of everything, and especially near election time – politicians are scared of telling the truth.” He said that on top of extremely high efficiency gains targets, which exceeded those of any other nearby hospitals, Circle faced more spending cuts than anyone else during its tenure: “In the last year, Circle’s budget was cut by over 10 per cent, but the other two hospitals in the local area faced reductions of just three or four per cent. “So on the one hand we were being hit by increasing demand, with more people attending A&E over the Christmas period, and on the other hand we were asked to do it for 10 per cent less money, and that was just not possible.” Politics just always gets in the way of everything, and especially near election time – politicians are scared of telling the truth.Circle’s withdrawal comes at a critical time for the NHS, with the debate over private sector involvement intensifying ahead of the general election in May. Politicians averse to the idea will undoubtedly use Hinchingbrooke as a paradigm of failure, citing high transaction costs and fragmentation of services as reasons to avoid it, while those in favour will highlight the gains made despite the ultimate withdrawal. The reality is, if the figures are scrutinised, Circle made a considerable saving for Hinchingbrooke, and therefore the taxpayer, over the three years it was in control. It is estimated that if the hospital had remained in public sector hands and continued on its downward trajectory, taxpayers would now be footing a bill in the region of £30m, rather than £10m. “In terms of financial performance of the hospital, we actually did very well. By most measures, we saved in excess of £20m for the taxpayer,” says Boyle. “People forget there have been increasing funding issues throughout the whole NHS, and over the last three years the average NHS hospital in this country has made two to three per cent productivity gains each year, at best. For Hinchingbrooke, we achieved five per cent gains.”  The contract to run Hinchingbrooke began in February 2012 (Source: Andy Parrett) But although the hospital was benefiting financially, Circle was not. After just seven months in charge it had generated a deficit of £4m, and in January this year it was faced with a choice of either injecting £5m of its own money or walking away – this was the tipping point, and the moment at which Circle could legally exit the deal. Circle announced that the franchise was “no longer viable under the current terms of the contract”.If the NHS is going to survive then it has to embrace innovationWith its shiny track record for transforming NHS services – it had already done an excellent job at NHS Trusts in Burton and Nottingham – it is surprising difficulties escalated so quickly in the case of Hinchingbrooke. But this was in many ways an experiment, and an important one at that – never before had the control of an entire NHS hospital been handed over to a private company.So how did it go so wrong? Boyle believes Circle’s “co-operative model”, which gives doctors and nurses more autonomy over the running of the hospital, was something unusual for the NHS and incompatible with its deeply ingrained working style.  “The NHS has been increasingly burdened with bureaucracy, and that filters down to every part of the system,” said Boyle. “It’s a great shame that politics plays such a great role in the NHS generally. we think if the NHS is going to survive then it has to embrace innovation. It has to find new ways of doing things, and needs to have a structure that allows organisations like Circle and others with novel ways of doing things to come in and learn from us. It needs to allow us to help and support the NHS.” Fear of changeThe fight against privatisation at the political level is stronger than any evidence supporting a case against it. Indeed, six or seven per cent of services are already tendered out to private companies and this has been consistent for many years – there is nothing to suggest the private sector is being allowed or encouraged to gradually come in and take full control.  What is comes down to, according to Matthew Custance, healthcare partner at KPMG, is such an intense bond with the NHS brand, there’s a widespread fear of disrupting it. “I think people feel very protective over the NHS because it’s a fantastic service and its very close to people, so they don’t like the idea of it changing from what it is – partly fear of change,” he says. “Hinchingbrooke was a complex case, because on the one hand you could say it saved taxpayers at least £5m and it is therefore a good example of the private sector helping taxpayers.” But not all patient experiences have reflected this ambition to help. Earlier this month, 74-year-old Nicholas White from Wales was given a £1,775 bill for treatment at the hospital, on the grounds he was Welsh and therefore “technically a foreigner”.  Hinchingbrooke was never done in the right way – Circle was asked to come in and work according to the same model and somehow make incredible efficiency savings”It was very stressful,” he told the press. “I’ve worked for 40-plus years and always paid my taxes, so to be suddenly told that I was going to be charged for treatment on the NHS was shocking. I was infuriated.” The hospital defended itself, saying White was given the bill so that he could pass it on to his GP, and whether or not this was the intention, the case has done nothing to assuage people’s fear of privatisation eventually leading to a paid-for service. People are reluctant to allow experimentation within the NHS (Source: Getty) A report by the Care Quality Commission also branded the hospital’s services as “inadequate” earlier this year, although the hospital disputed the accuracy of its report, saying it contained 300 errors. Nonetheless, health secretary Jeremy Hunt said last week that the NHS Trust Development Authority (TDA) was working to resolve concerns raised in the report:  As for every provider of NHS services, the priority at Hinchingbrooke Health Care NHS Trust will continue to be the provision of safe, high-quality services to patients. To address the concerns raised by the Chief Inspector of Hospitals in the CQC report, the NHS Trust Development Authority has appointed an Improvement Director as part of the special measures regime now in place at Hinchingbrooke Health Care Trust. But could the private sector ever have the power, or indeed the desire, to reduce quality and charge at point of service, all in order to generate more profits? Custance says this would never happen, as long as the NHS maintains overall control. He adds that he can’t see how anyone would end up benefiting from such a situation. “A paid-for service would just not happen because it’s not in the interests of the private sector, because they are working for the NHS. They would have no incentive to start asking for payment – the issues of who pays for care and who offers it are very separate.”The experiment goes onThe official handover will be overseen by the TDA. Stephen Webb, a member of the Hinchingbrooke team, says the fundamental ethos of the hospital hasn’t, and won’t change: “I think there’s a general feeling that having Circle on board certainly got more investment in, and overall there were a number of benefits. But the vision for the hospital is still very much what it has always been – it is a very well regarded hospital with a drive to improve.” But despite its failure with Hinchingbrooke, the government has not been put off bringing private companies on board – only last month, NHS England listed a plan to outsource £5bn worth of work, which would involve advising new doctor-led clinical commissioning groups that spend more than two-thirds of the NHS budget buying care for patients. Companies in the running include Capita Business Services, Mouchel and Optum. The only thing changing in this case was the identity of the management, and that was the fundamental flaw – it wasn’t going to work But Custance believes major privatisation projects simply won’t work until the differences are resolved – there is no point clashing the public and private sector together in the hope that one day they’ll see eye-to-eye. What must be done first, he says, is to address the relationship. “The problem is not whether an operator is private or public – when you want to transform how hospital services are delivered, a lot of effort is needed and the process is extreme. This means change is difficult within the NHS and it is slow for private companies to succeed when they start working for it,” he said.  “I don’t think Hinchingbrooke was ever done in the right way – Circle was asked to come in and work according to the same model and somehow make incredible efficiency savings. The only thing changing in this case was the identity of the management, and that was the fundamental flaw – it wasn’t going to work.” A report recently published by the Public Accounts Committee highlighted the difficulty the two parties faced in collaborating – it described oversight of the contract as “poor and inadequate”, describing the franchise deal as an “innovative, but ultimately unsuccessful, experiment”. It said the Department of Health did not put sufficient controls in place to learn from this innovation, and that responsibility was “fragmented and dispersed across the system”.  What needs to change? Compromise, says Custance. “At the moment, working with the NHS as a private company is hard, and the NHS needs to give them more room to experiment and change. On the other hand, private enterprises need to understand that they have to constantly demonstrate having the same ethos as the NHS and the same understanding of how the system works. It takes time, and compromise is necessary if you want to be part of the system.”   whatsapp “Politicians are scared of telling the truth”: Circle blames Hinchingbrooke hospital failure on unequal spending cuts across the NHS Sarah Spickernell Tags: NHS Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekComedyAbandoned Submarines Floating Around the WorldComedyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyOpulent ExpressHer Quadruplets Were Born Without A Hitch. 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