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Connaught “on brink of administration”

first_img Connaught, the property services group that specialises in social housing, is on the brink of going into administration, the BBC has reported.The company, which employs 10,000 people, has suspended trading of its shares, and said a further announcement would be made “in due course”.Connaught has £220m of debt, provided by six banks and four other creditors.But it said discussions to secure further funding had been unsuccessful.“Connaught has had continuing discussions with its lenders and other sources of finance with the objective of securing additional funding and a restructuring of the group’s financing for the longer term,” the company said in a statement to the London Stock Exchange.“The group now believes that the availability of additional funds from its lenders will not be forthcoming and, whilst it remains in discussions with other parties, the ability to provide an adequate solution to the funding issues the group faces has become increasingly uncertain.”Connaught was hit by a series of loss making contracts.Royal Bank of Scotland recently provided Connaught with a further £15m.However, its bank creditors have now decided instead to put the business in administration, under UK insolvency procedures, according to the reports. Tags: NULL John Dunne whatsapp Show Comments ▼ Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof center_img whatsapp Connaught “on brink of administration” Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fan Tuesday 7 September 2010 3:52 amlast_img read more

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M&B pub sale brings profit

first_imgSunday 19 September 2010 10:10 pm M&B pub sale brings profit whatsapp Share whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ PUB and restaurant group Mitchells & Butlers (M&B) will release its fourth quarter results on Thursday, a week after the firm started spending the fruits of its £500m asset sale.M&B, which owns Harvester and All Bar One, is expected to post a profit after more than a year of volatile results. The firm announced it had bought the Ha Ha Bar and Grill chain for £19.5m on Friday, and will take over all of its 22 restaurants in October.The purchase is the first since M&B raised more than £400m last month by selling 333 of its pubs to Stonegate Pub Company and offloading Hollywood Bowl to rival AMF.M&B chief executive Adam Fowle said the proceeds of recent sales would be spent on redirecting the group towards food-based businesses rather than pubs. Execution Noble analyst Alistair Macdonald repeated his “buy” recommendation on Friday. “Once the estate sale deal goes through and the prelims are announced, clarity around the company structure should bring back some confidence in the story,” he said. “A good performance may be the jump start needed to M&B getting interesting again.” Tags: NULL KCS-content last_img read more

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Bus and train gains push up profits at FirstGroup

first_img whatsapp KCS-content Bus and train gains push up profits at FirstGroup Share Wednesday 3 November 2010 9:32 pm whatsapp Show Comments ▼ Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com TRANSPORT company FirstGroup credited a surge in passengers and tighter cost control for its 14.3 per cent rise in underlying profit for the first half of the year yesterday. The group’s pre-tax profit nearly trebled to £82m, while profit from continuing operations gained more than 14 per cent to £77.7m during the six months to October. The firm used its cashflow and favourable currency rates to pay down 7.7 per cent of its debt pile, which now stands at £2.19bn, and raise its dividend seven per cent to 7.12p. “We have exceeded our goal for cash generation and we have increased our target for the year from £150m to £180m, and most importantly this is excluding business disposal proceeds,” said chief executive Tim O’Toole, who replaced founder Moir Lockhead on 1 November. “We were still able to deliver despite challenging conditions.”Rail operations, which include the First Capital Connect and First Great Western lines, gained 4.4 per cent in passenger revenues.UK bus operations, which carry 3m passengers a day, saw revenue rise by 1.3 per cent. However, revenue fell 0.9 per cent at the group’s US school bus business, First Student. First Transit, which provides outsourced transit services in the US, enjoyed a 5.5 per cent rise in revenue. last_img read more

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Cameron unveils plans for British Silicon Valley

first_img Share Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More KCS-content DAVID Cameron will today unveil plans to turn the East End of London into a “British Silicon Valley”. He will announce that Google, Facebook, Intel and McKinsey have committed to investing in the area, building on the budding hi-tech community that has sprung up in Old Street and Shoreditch. The Prime Minister will say: “Right now, Silicon Valley is the leading place in the world for high-tech growth and innovation.“But there’s no reason why it has to be so predominant. Our ambition is to bring together the creativity and energy of Shoreditch and the incredible possibilities of the Olympic Park to help make East London one of the world’s great technology centres.”Cameron has spent recent weeks trying to convince tech firms to put down roots in East London, and says the response has been “overwhelming”. As well as a £200m equity fund for hi-tech firms, announced at last week’s CBI conference, Cameron will unveil a new “entrepreneur visa” that will guarantee entry to foreign nationals that want to set up their tech firm in the UK. And he will pledge to review Britain’s intellectual property and copyright laws, which are often criticised by foreign tech firms. whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndoMartha Stewart CBDShop Martha Stewart’s CBD Products NowMartha Stewart CBDUndo whatsapp Cameron unveils plans for British Silicon Valley Show Comments ▼ Wednesday 3 November 2010 10:01 pm More From Our Partners A 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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com Tags: NULLlast_img read more

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Odds for a White Xmas slashed

first_img whatsapp Share whatsapp Odds for a White Xmas slashed Bookmakers have shortened the odds on a white Christmas, as weatherforecasters warn of an icy blast on its way later this week. With less than a fortnight to go until Christmas, temperatures are set to drop as winds from the north bring a band of rain and high winds tomorrow. The Met Office expects the wintry weather to last, with snow very probable over the Christmas weekend. On 25 December, snow is the most likely to fall in Aberdeen, with oddsof 9/4, followed by Newcastle, Edinburgh and Glasgow, with odds of 3/1at bookmaker William Hill. For Leeds, Liverpool and London, the odds of snow falling on Christmas day are 4/1. One flake of snow must fall on monitoring stations for the payout to be made. 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 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’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap KCS-content Tuesday 14 December 2010 8:10 pm Tags: NULLlast_img read more

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AT&T launches 12 new Google smartphones

first_imgThursday 6 January 2011 8:31 pm 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com whatsapp Share GOOGLE won a major vote of confidence in its mobile phone platform Android yesterday, after America’s second largest network said it would launch 12 new handsets which run the software. AT&T announced four times as many smartphones as it did this time a year ago, backed heavily by Google software, highlighting the urgency of its quest to lessen its dependence on Apple’s iPhone.The mobile operator, which has been the exclusive US provider for the iPhone since 2007, is expected to face tough competition early this year when bigger rival Verizon Wireless starts selling the smash-hit Apple handset.AT&T executives said yesterday at the Consumer Electronics Show that it would introduce 20 high-speed smartphone models in 2011, including a dozen Google Android devices.The first of these phones will come from from Motorola, HTC and Samsung Electronics. The Number Two US mobile provider also said it would sell a tablet computer from Motorola, but declined to give further details. KCS-content AT&T launches 12 new Google smartphones whatsapp Tags: NULLlast_img read more

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Hester set to be rewarded with shares

first_img Tags: NULL More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com RBS chief executive Stephen Hester is unlikely to receive a cash bonus for last year.The bank, which is majority-owned by the taxpayer, is instead thought to be offering the chief executive shares in the bank and could defer the reward for several years, in accordance with new European bonus rules.Hester is eligible for a maximum bonus of twice his £1.22m salary, though any possible reward could face opposition from UK Financial Investments, the manager of the taxpayer’s stake in the bank.The RBS chief executive has waived his bonus for the previous two years, in a bid to quell populist anger over executive remuneration.The remuneration committee of the bank, which was bailed out with £45bn of public money at the height of the crisis, says it has yet to decide on bonuses.Other senior executives at the bank will also likely receive any variable remuneration in deferred shares, it is understood. Share whatsapp Hester set to be rewarded with shares Sunday 9 January 2011 11:08 pmcenter_img 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 HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Show Comments ▼ KCS-content last_img read more

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China criticises US dollar

first_img Show Comments ▼ whatsapp China criticises US dollar whatsapp KCS-content Sharecenter_img CHINESE President Hu Jintao yesterday called the US-dollar-dominated international currency system a “product of the past”. He added that it would be a “fairly long process” to make China’s own currency an international one.He also said “the liquidity of the US dollar should be kept at a reasonable and stable level”. China has argued that the Federal Reserve’s November decision to buy $600bn (£378m) in US government bonds would undermine the greenback’s value and lead to competitive currency devaluations by other countries. China is the largest holder of US debt.The Chinese president responded to complaints that China does not always treat foreign companies registered in China fairly. “Their innovation, production and business operations in China enjoy the same treatment as Chinese enterprises,” he said. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Sunday 16 January 2011 11:04 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity 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 Tags: NULLlast_img read more

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Nokia leaks Doomsday memo

first_imgWednesday 9 February 2011 8:43 pm Show Comments ▼ whatsapp whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Nokia leaks Doomsday memo Tags: NULL A leaked memo sent from Nokia’s chief executive Stephen Elop yesterday painted a vivid picture of the threat facing the company. The email warned that Nokia’s failure to keep pace with rivals such as Apple has left it “standing on a burning platform” needing to change. Elop said in the past two years Nokia had failed to produce either a phone comparable with the iPhone or an operating system to rival Google’s Android, and was also under threat from low-cost Chinese manufacturers. KCS-content Sharelast_img read more

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GAM plans to buy back shares

first_imgTuesday 1 March 2011 7:25 pm GAM plans to buy back shares 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky 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 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap KCS-content whatsappcenter_img Tags: NULL Share Show Comments ▼ Swiss fund manager GAM Holding said yesterday it would buy back up to 20 per cent of its shares and reported strong new money inflows as clients invested in emerging markets and in US and Asian equities.Net new money rose to SwFr8bn (£5.3bn) from less than SwFr500m the previous year, the highest since the start of the financial crisis. Inflows combined with positive market performance to outweigh the negative effects of a strong Swiss franc and push assets up 4.2 per cent. last_img read more