Bank charges are customers’ biggest gripe


first_img whatsapp KCS-content Share whatsapp At present – when consumer confidence in financial institutions is at its lowest ebb for over 60 years – there is good reason to reevaluate retail banks’ relationship with their customers at its most fundamental level: the current account.The arrival of service-focused Metrobank and Santander’s recent cash incentive to switch providers have sparked consumer attention on the lowly current account. What do customers really care about? A new report for YouGov SixthSense suggests that bank charges are the foremost consideration when consumers are looking for a new account. This should come as little surprise to many – the past three years have seen the number of current account related complaints to the Financial Ombudsmen balloon compared to the numbers in 2005 to 2007, with 25,252 complaints made in 2010.Fifty-four per cent of YouGov respondents agree that fines relating to exceeding an overdraft are “legitimate”, making it the most acceptable form of bank charge. However, only five per cent of consumers are willing to tolerate monthly banking fees for banking services like debit cards, direct debits and standing orders.The greatest acceptance of charges for exceeding overdraft limits currently lies with those who are happiest with their banking service. It also seems that consumer perception of banking institutions hinges greatly on the consumer’s understanding and acceptance of certain bank charges – an informed accountholder is a happy accountholder.Yet 40 per cent of respondents say that they have not fully read their account’s official documentation, but “broadly” know what they may be charged, and in what circumstances; One in five account holders report that they have read the documentation in the past but “can’t remember it now”. Only one in four account holders claim that they have read all the relevant documentation and understand when and why charges may arise. Educating customers may be the banks’ strongest weapon.Stephan Shakespeare is founder and chief executive of YouGov. 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 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 ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tuesday 14 September 2010 8:59 pm Bank charges are customers’ biggest gripe Show Comments ▼last_img read more


ICAP sales growing but costs hold back earnings


first_imgThursday 30 September 2010 3:35 am Show Comments ▼ Share whatsapp ICAP, the world’s biggest interdealer broker, said it expected higher first-half revenues, though increased interest costs were holding back earnings growth.“Increased interest costs resulting from the previously diclosed refinancing of ICAP’s debt facilities reduced earnings growth,” ICAP said in a trading update on Thursday.ICAP said revenues for the first six months to 30 September were due to have risen by some 9 percent compared to last year.The company added it was comfortable with analysts’ current forecasts for its full-year profits.Profit forecasts currently range from £333m pounds to £357m for the full year ending March 2011 and compares with a 2010 profit of £333m. “If the pattern of business we have seen during the first six months continues for the rest of financial year, then the current range of analysts’ forecasts for ICAP’s profit is reasonable,” the company said in a statement.Earlier this week, the London Stock Exchange (LSE.L) said trading volumes had declined over the second quarter, but ICAP said it had benefited from high trading volumes in many of its markets.The company said its electronic broking and post-trade processing divisions had been boosted by high frequency trading markets, and added that its interest rate derivatives, commodities and emerging markets businesses had performed well. ICAP sales growing but costs hold back earnings whatsapp 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 John Dunne Tags: NULL last_img read more


CITY VIEWS: IS THE ECONOMY STRONG ENOUGH TO HANDLE SPENDING CUTS IN THE PUBLIC SECTOR?


first_img Share whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe 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: NULL CITY VIEWS: IS THE ECONOMY STRONG ENOUGH TO HANDLE SPENDING CUTS IN THE PUBLIC SECTOR? KCS-content center_img JOHN TAYLOR | TR CONTROL SYSTEMS“I think there is waste, but there’s a danger of cutting too deeply. Many companies rely on contracts from the state, plus there aren’t other jobs for people cut from the public sector.”GAEL MEAGHER | RETAIL CONSULTANT“The country is in deep trouble and the public sector needs to be cut. It’s never going to be the right time to cut but it’s best to do it quickly, like ripping off a band aid.”CHRIS THOMPSON | SYBASE“It’s not the right time to cut, but the only right time was during the last government, who would never have allowed it. The coalition has come across a financial black hole, and it’s best to cut as soon as possible.” whatsapp Show Comments ▼ 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wednesday 13 October 2010 8:00 pmlast_img read more


Deutsche in the red after Postbank buy


first_img Wednesday 27 October 2010 8:52 pm A ONE-OFF €2.3bn (£2bn) charge on Deutsche Bank’s acquisition of Postbank pushed Germany’s biggest lender into the red in the third quarter, though underlying results held up strongly when compared to the bank’s peers.Deutsche Bank posted a pre-tax loss of €1bn for the quarter, compared to a profit of €1.3bn in the third quarter of 2009. Stripping out the Postbank charge, pre-tax earnings came in flat year-on-year at €1.3bn, while net revenue came in at €5bn, or €7.3bn adjusted for the Postbank charge, compared to €7.2bn last year.Like its rivals, Deutsche – which earlier this month completed a €10.2bn rights issue to finance the Postbank takeover and strengthen its capital base in the face of stringent new regulatory requirements – saw investment banking revenues weaken over the quarter in the face of declining activity levels. The corporate and investment banking division posted revenues of €4.2bn, compared to €4.4bn last year, though chief executive Josef Ackermann signalled that a seasonal slowdown in July and August, exacerbated by concerns over sovereign risk and the fragility of the global recovery, had been followed by a “strong rebound” in September.Within the division, Deutsche said equity sales and trading revenues fell 25 per cent as the bank, along with the wider sector, struggled with muted client activity. But sales and trading in debt and other products recorded a fillip of five per cent to €2.2bn compared to the third quarter of 2009, driven in particular by strong volumes in foreign exchange.Deutsche was also buoyed over the quarter by a 29 per cent rise in global transaction banking revenues to €852m and a 29.7 per cent boost to asset and wealth management revenues to €1bn.The bank also recorded a sharp fall in the provisions it made for losses on bad loans, putting aside €362m in the third quarter compared to €544m in the same period in 2009.Deutsche set aside a €3bn compensation and benefits pot, up from €2.8bn in the third quarter last year, partly due to “significantly higher” expenses related to acquisitions and deferred compensation. whatsapp KCS-content Deutsche in the red after Postbank buy center_img Share whatsapp Show Comments ▼ Tags: NULLlast_img read more


Shard starts tenant hunt


first_img Show Comments ▼ SELLAR Property, the developer of the Shard skyscraper, yesterday appointed four leasing agents to find tenants for the tower and office block near London Bridge. Jones Lang LaSalle and Knight Frank will act as joint sole agents for the 310m Shard tower, while CB Richard Ellis and Colliers International will advise on nearby London Bridge Place. The Renzo Piano-designed tower is due for completion in the first quarter of 2013, but has already signed up and later bought out its first tenant to try and cash in on rising City rents. Transport for London accepted a multi-million pound payment to surrender its contract for 200,000 square feet of office space in June, having agreed to pay £38.50 per square foot. The Shangri La hotel is currently the tower’s only agreed tenant. Neil Prime, head of markets at Jones Lang LaSalle, said yesterday: “Given the current shortage of high calibre space being delivered we anticipate very strong demand from prospective occupiers – both from within the UK and internationally.” Share whatsapp 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 Timesmoneycougar.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.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Shard starts tenant hunt center_img KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFort Bragg soldier accused of killing another servicewoman over exthegrio.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKansas coach fired for using N-word toward Black playerthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comColin Kaepernick to publish book on abolishing the policethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Tags: NULL Wednesday 10 November 2010 8:13 pm whatsapplast_img read more


IRISH BAILOUT FAILS TO CHEER INVESTORS


first_img Tags: NULL whatsapp KCS-content 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 PastUndoMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo IRISH BAILOUT FAILS TO CHEER INVESTORS Markets fall and bond yields continue to riseCowen resists snap election call ahead of budgetUK confirms intention to offer £7bn in loansMARKET turmoil failed to subside yesterday in spite of the announcement of a multi-billion euro Irish bailout.As the Irish governing coalition threatened to fall apart and independent MPs said they would vote against the emergency budget needed to secure the aid, investors fled stocks and the yields on peripheral Eurozone sovereign debt rose.Despite initially rallying, the Eurostoxx 50 fell two per cent to close at 2,811 yesterday, while the Irish ISEQ?20 index dropped 1.9 per cent to close at 445 and the FTSE 100 closed down 1.7 per cent at 5,683.The yield on European government bonds rose, reflecting that most buyers were not reassured by Ireland’s application for cash. Irish 10-year gilt yields rose to 8.1 per cent, Spanish 10-year gilt yields closed up at 4.74 per cent and Portuguese 10-year yields closed down at 6.72 per cent having risen from a low of 6.7 per cent.The cost of insuring Eurozone debt also jumped in response to renewed uncertainty about Ireland’s fate. Five-year credit default swaps (CDS) rose 25 basis points to 530bps (a cost of €530,000 or £453,000, to insure €10m of debt) and Portuguese five-year CDS rose 40bps to 460bps. Traders also dumped the euro, with the single currency falling against sterling from 86p to 85p and against the greenback from $1.38 to $1.36.Market fears were driven by the bailout’s political fallout, which threatened to spiral out of control yesterday. Rebel independent MPs said they may withdraw support for Ireland’s austerity budget – a necessary precondition of the European bailout.With the governing coalition having a majority of just three and upcoming by-elections liable to wipe out even this advantage, the defection of several independents could threaten its ability to pass the controversial emergency budget due in early December. Failure to pass the budget for 2011, which is to make €6bn worth of cuts, would hasten the likely inevitable demise of embattled Prime Minister Brian Cowen.And in a further blow, coalition partner the Green Party dramatically announced it will walk away from the partnership, calling for a general election in January to oust the PM.The Greens say they will still back the austerity measures but even this will not guarantee their success if the government loses the impending by-elections.Analysts believe a complete collapse of the rescue package is unlikely, however, as opposition Labour and Fine Gael MPs are also desperate to see the deal go through and would almost certainly allow the austerity bill to be passed. In a worst-case scenario, in which the bill is rejected and the government collapses, it is understood Europe will allow time for a new government to be formed rather than completely withdrawing the bailout package.Last night, Cowen vowed to soldier on until the bill is passed but said he would then call an election. He said: “It has always been my intention to ensure we get the job done… It is my intention at the conclusion of this budgetary process… to seek the dissolution of [parliament] to enable the people to determine who should undertake the responsibilities of government.”The developments have left Portugal looking particularly exposed, with bears fearing it could be the next Eurozone domino to fall.Prime Minister Jose Socrates was defiant, claiming: “The country does not need any help,” but markets reacted negatively, raising the cost of insuring its debt by 40 basis points.Greece was also hit hard, with credit default swaps on Greek government debt rising to over 1,000 basis points, meaning bond-holders will have to pay more than €1m to insure €10m of its debt for five years.Chancellor George Osborne confirmed yesterday the UK would commit around £7bn to the Irish rescue. Share whatsapp Monday 22 November 2010 8:54 pm Show Comments ▼last_img read more


Spain successfully auctions short-term bonds


first_img whatsapp Spain successfully auctions short-term bonds Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof THE Spanish government held a successful, although expensive, short-dated bond auction yesterday, managing to shift €3.26bn’s worth of debt – at the lower end of its €3bn-€4bn target range.But the government had to pay a premium for the money compared to its last auction in October, reflecting fears of a contagion effect from the Irish crisis.It was forced to pay a rate of 1.7 per cent on three-month notes and 2.1 per cent on six-month bonds, significantly up from rates even a month ago, which were 0.95 per cent and 1.28 per cent respectively. The high yields prompted fears that although the Spanish government successfully reached its sale target amount, the punitive yields are unsustainable in the long-term.Arbuthnot Banking Group economist Ruth Lea said that the bailout was aimed to “control contagion” in the sovereign bond markets from Ireland to Portugal and, crucially, to Spain. “But bailouts for these countries cannot be ruled out,” she warned. Tuesday 23 November 2010 8:58 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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centercenter_img KCS-content whatsapp Show Comments ▼ Tags: NULLlast_img read more


Eurobond argument ignites


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 TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Monday 6 December 2010 9:09 pm whatsapp whatsapp EUROZONE leaders are locked in a dispute about whether to issue region-wide bonds, even as the European Central Bank (ECB) steps up its intervention in the bond markets to try and stem the rise of gilt yields.Luxembourg Prime Minister Jean-Claude Juncker and Italian finance minister Giulio Tremonti yesterday called for the creation of Eurozone bonds to shore up the “irreversibility of the euro”, but the idea immediately drew heavy fire.German chancellor Angela Merkel declared that the idea would go against current EU treaties while Austrian finance minister Josef Proell said: “I am very, very critical of the eurobond idea. It can’t be that each country, which like Austria has run a disciplined economy, has to pay up.”The argument follows the announcement last week that the Eurozone’s bailout fund will issue €5bn-€8bn (£4.2bn-£6.8bn) of euro-denominatd bonds in January. Some see the action as a precursor to the creation of a single Eurozone sovereign debt market. But Germany is likely to strongly resist: its borrowing costs are currently 2.85 per cent for 10-year debt, versus 4.5 per cent for Italy, while a Eurozone bond yield would be likely to sit in between, increasing German costs.Meanwhile, the ECB continued its intervention in secondary bond markets in a desperate bid to stop the rise of peripheral Eurozone debt yields. Figures released yesterday reveal that it bought €1.97bn’s worth of bonds in the week up to 3 December.However, the intervention is a far cry from its dramatic actions in May, when it soaked up €16.5bn of bonds in one week. Economists are doubtful that the Bank can achieve anything more than a temporary respite. Eurobond argument ignites Sharecenter_img Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org KCS-content Tags: NULLlast_img read more


US mourns after Congresswoman shooting


first_imgSunday 9 January 2011 11:09 pm More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Share KCS-content Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldcenter_img A MOMENT of silence will be held across America today following the shooting of congresswoman Gabrielle Giffords, in an attack which left six dead and 14 wounded. The American flag flew at half mast on the US Capitol building in Washington to mourn the dead, after gunman Jared Loughner opened fire in Tucson, Arizona. Giffords was last night said to be responding well to treatment after emergency surgery. whatsapp US mourns after Congresswoman shooting Tags: NULLlast_img read more


MYSTERY OVER £140M FLAT IN ONE HYDE PARK


first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.com KCS-content There was at least one hot topic of conversation at yesterday lunch-time’s launch of One Hyde Park, the world’s most expensive apartments, and that was the identity of the buyers of the three Penthouse flats, the most expensive of which sold for £140m.Around 350 guests, including Simon Cowell, Arcadia boss Philip Green and Formula One supremo Bernie Ecclestone, were invited to the launch party at the Knightsbridge development, where they were shown a selection of the 86 units in the complex.The prices, averaging about £6,000 a square foot, are the highest ever paid for residential space, according to property experts. The development, which is the Candy brothers’ most ambitious project yet, is a joint venture between their Guernsey-based vehicle, CPC Group, and Waterknights, a company owned by the Qatari Prime Minister, Sheikh Hamad bin Jassim bin Jabr Al Thani.Some say that the backers of the project liked the investment so much that they’ve put some of their money into the pot though this seems to be wide of the mark, at least as far as the top £140m penthouse is concerned. “The buyer of that is definitely not anybody associated with the project,” says David Forbes at Savills, one of the agents on the project. “There’s been a lot of speculation but we’re not allowed to comment on any of the sales,” he added.The Candys’ own spokesman said the buyer of the most expensive penthouse came through an enquiry from the official web-site. There’s no confirmation of who he or she is and nor does the purchase appear yet on the Land Registry.A CAUTIONARY TALESean Dilley (pictured top right), the blind parliamentary lobby hack whose guide-dog Chip became a staple of rolling election coverage, found himself in a sticky situation earlier this week. He was engaged in a conversation about disgraced Labour MP Eric Illsley, who recently pleaded guilty to three charges of false accounting over his expense claims. Under archaic parliamentary law an MP cannot resign unless they are appointed to a “royal office of profit” – a decorative title held until another MP resigns. “I cannot believe that Eric Illsley, a convicted thief, is to be given a royal office of profit,” said Dilley. “And not only a royal office of profit, but the bailiff of the chiltern hundreds! He’d nick everything!” Of course, standing right behind Dilley was none other that Illsley himself, who sheepishly made himself scarce.BAGEL MANIAAnyone travelling through St Pancras this afternoon will be greeted by defeated US Presidential candidate Robert Burck performing country and western songs wearing only a pair of Y-fronts. The “Naked Cowboy”, a New York street entertainer, will be performing an “official bagel jingle” – Ode to the Bagel – to promote a new range at the New York Bakery. Look out!ACKERMANN PAYS OUTJosef Ackermann was in London yesterday to celebrate Deutsche Bank’s victory as the Bank of the Year at IFR’s 16th awards dinner at the Grosvenor House hotel.Ackermann’s bank also won the now customary auction to head up the interactive tombstone with a £500,000 donation to Save the Children. The auction, compered by DJ Johnnie Vaughan and Melanie Sykes, raised a total of £1.4m. Bank of America Merrill Lynch chipped in with £125,000. MYSTERY OVER £140M FLAT IN ONE HYDE PARK by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads Sharecenter_img Tags: NULL Show Comments ▼ whatsapp Wednesday 19 January 2011 8:21 pm whatsapplast_img read more




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