Co-op Bank appoints Dennis Holt as chairman

first_img whatsapp Tags: The Co-operative Group Monday 27 October 2014 6:39 am Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comYahoo! SearchResearch Car Donation For CharitiesYahoo! SearchThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar Programinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesFreight & Shipping Quotes | Search Ads Show Comments ▼ The Co-operative Bank has confirmed Dennis Holt as chairman of the board, a month after he stepped in on an interim basis.  Holt joined the troubled bank as a senior independent director in February of this year, and was promoted when Richard Pym stood down to join Allied Irish Banks at the start of October.  Holt has 43 years of experience in banking and insurance, including being an executive director of Lloyds TSB, where he was responsible for the retail division of the bank.Other roles include deputy chairman of the Bank of Ireland, chairman of the Bank of Ireland UK and chairman of Liverpool Victoria.  He is currently non-executive chairman of Beazley. Co-op Bank chief executive Niall Booker said Holt’s work in the nine months as a director had been “invaluable”, saying the bank would benefit from “his experience, counsel and existing institutional knowledge as we continue the work required to turn the bank around”. Booker added: “His involvement in a wide range of challenging market environments will serve the bank well as we continue to restore trust in our brand and focus on building a credible, efficient and differentiated alternative for customers.” Holt said: “Considerable progress has been made over the last 12 months and we are clear on what remains to be done.   “I look forward to the challenge of completing this work and supporting Niall and his team as we build on our heritage of offering banking services rooted in strong ethics and values to individuals and small businesses.”  Catherine Neilan whatsapp Co-op Bank appoints Dennis Holt as chairman last_img read more

Twitter unveils a set of new anti-trolling tools making it easier to report internet abuse

first_imgTwitter has introduced a set of new “anti-trolling” tools, meaning it’s now harder for its 284m active users to “troll” one another.”Trolling” is a description for when a user’s Twitter account or posts are bombarded with insults, provocations or threats. The social network unveiled a set of faster, more mobile friendly tools which will make it easier for users to flag abusive content.Users can click on a tweet, select “block or report” and then click through a list of reasons explaining why they want to do this.People who witness abuse, but are not the ones actually receiving it, will also be able to report it.Additionally Twitter has improved its behind-the-scenes procedures, such as reviewing and responding to abuse reports faster.Starting today we’re rolling out an improved way to flag abusive Tweets. See how it works. https://t.co/Yf6cStz0z1— Twitter Support (@Support) December 2, 2014Presently, it has a one-click button that takes users to a page where they must fill out a report describing the alleged harassment.Twitter has created a new page where users can see all the account they have blocked, and these people will no longer be able to view their homepage. The company has also promised to add more controls and features to this in the coming months.Twitter said in a blog post:Everything that happens in the world, happens on Twitter – to the tune of more than 500 million Tweets every day.That can sometimes include content that violates our rules around harassment and abuse and we want to make it easier to report such content.So, we’re improving the reporting process to make it much more mobile-friendly, require less initial information, and, overall, make it simpler to flag Tweets and accounts for review.The online social networking service has come under fire amid a spate of reports about death and rape threats.Last month, Olympic gold medallist Dame Jessica Ennis-Hill received death threats after she said she would request her name to be removed from a stand at Sheffield United if it offered a new contract to convicted rapist Ched Evans. Jessica Morris whatsapp Tuesday 2 December 2014 4:35 pm Share Twitter unveils a set of new anti-trolling tools making it easier to report internet abuse More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼ Tags: Twitter whatsapplast_img read more

Ukip might be winning the Twitter war, but Tories are still favourites to retain Trumpton

first_img Tags: Twitter Ukip might be winning the Twitter war, but Tories are still favourites to retain Trumpton whatsapp Catherine Neilan More From Our Partners Police 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.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com whatsapp Show Comments ▼center_img Friday 5 December 2014 9:00 am 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 SupplementUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndo Share Trumpton has emerged as the next key political battleground – and it looks set to be another dirty tricks campaign.  This week social media has been dominated by representatives from Ukip, Conservatives, Labour, Lib Dems, Greens, Communists and Trumpton First, all vying to be elected into the hotly contested fictional seat. Despite the volume of runners, Ladbrokes says it’s a two horse race and the Tories are the favourites to hold the marginal constituency despite a big push by Ukip. Odds for Tory candidate Cameroon Davelbee to retain the seat are at 8/11, with Ukip at evens. This is the sort of tweet that is apparently going down well with Trumpton voters.    It’s 1/3 the Lib Dems will lose their deposit.  Here’s why:    But the Ukip candidate is winning the social media war, securing more than 7,000 followers on Twitter compared to Davelbee’s meagre 347.  It could be because of tweets like these: https://twitter.com/Trumpton_UKIP/status/540435532342652929 https://twitter.com/Trumpton_UKIP/status/540834887771897857 Alex Donohue of Ladbrokes said: “The betting suggests UKIP could well woo Pugh, Pugh, Barney McGrew, Cuthbert, Dibble and Grub come May. While it’s looking a very close fight, we can confidently say the Lib Dems should lose their deposit again.” Labour is fielding Sooty as its candidate, but that does not appear to be enough to win over the hearts and minds of local residents.  Vote Sooty #Trumpton2015— Trumpton Labour (@TrumptonLabour) December 5, 2014 Update: Trumpton Monster Raving Loony Party contacted us to complain about our media bias. So to prove that we have none, here is a tweet from them: https://twitter.com/TrumptonMRLP/status/540680265988071424 For some reason, the intense political debate has irked some other social media-using politicians.   last_img read more

The Walton Family Foundation – No.7

first_img Show Comments ▼ The Walton Family Foundation – No.7 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsThis game will keep you up all night!Hero WarsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUltimate 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 SeniorsThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus Eliminator Express KCS whatsapp Tags: World Charity Index 2014 Share USA – £207.84mThe Walton family is the richest in America, according to Forbes 2014 list. Their wealth has come from their 51 per cent stake in retailing giant Walmart – the world’s largest retailer. The Walton Family Foundation was set up by Walmart’s founders, Sam and Helen Walton, in 1988 when they pledged to shake up the charity sector. “We are going to approach philanthropy with the same lack of reverence we gave to the traditional methods of the retail business when we started out there,” said Sam Walton at the time. He vowed to shake up “time-honoured assumptions” about “how you can motivate ordinary people to do extraordinary things”. The foundation aims to make a lasting difference in three areas: primary and secondary school education, freshwater and marine conservation and improving the quality of life in Sam and Helen’s home of Northwest Arkansas. It granted over £200m in 2013 to projects such as a shark sanctuary in West Papua’s Raja Ampat archipelago, a network of marine protected areas in the Bird’s Head Seascape in Indonesia, and the recruitment of nearly 4,000 teachers for Teach for America. In the home region of Northwest Arkansas, it funded a programme which seeks to ensure that kids growing up in poverty get an excellent education, and the Amazeum, a children’s museum in Bentonville. However, the second generation of Walton family heirs has been criticised for giving almost none of their own money to the foundation, according to The Walmart 1%. The union-backed body has accused the Waltons of giving much less generously than their billionaire peers and ordinary Americans. The foundation rebuffed the criticism, saying “Family members living and deceased have provided generously for the foundation”. For the full World Charity Index 2014 list take a look at our interactive graphic  Thursday 18 December 2014 1:32 am whatsapplast_img read more

UK house price growth slows again: Can stamp duty save the market in 2015?

first_img UK house price growth slows again: Can stamp duty save the market in 2015? We know the drill by now – slowing house price growth in many areas as demand wanes and the murmurings about a base rate rise reflect the logic that no matter what, it’s getting closer.  Why exactly demand is waning remains something of a mystery (more of that later). Nationwide’s figures this month are more of the same: a 0.2 per cent rise in December (down 0.1 of a percentage point from a similarly lethargic 0.3 per cent in November) bringing the rate for the year to 7.2 per cent. It seems so long ago that the rate was fuelling fears of overheating in June, when it hit 11.8 per cent (see graph above). The rate of growth has now been falling for four consecutive months, and mortgage approvals are at their lowest level for 16 months. The average price in the UK is now £188,559, according to Nationwide, a drop from November’s average of £189,338. London, the powerhouse of the market, is cooling too – although Nationwide doesn’t see this as the main reason for the slowing of prices. After all, London has still posted robust growth figures of 17.8 per cent for the year to the fourth quarter.  What is more, London’s growth was faster in the fourth quarter than it was in the third (2.5 per cent in the fourth quarter compared with 1.1 in the third), and most regions are still growing, many faster than CPI inflation of one per cent.  What of 2015?The real questions then are what to expect in 2015. Robert Gardner, Nationwide’s chief economist, highlights the complex evolution we are watching: The slowdown in housing market activity is surprising given further steady gains in employment, a pickup in wage growth (albeit from low levels) and the continued low level of mortgage rates. Moreover, surveys suggest consumers remain in high spirits – a view reinforced by robust retail spending growth in November, which was at its highest for over a decade. If the economic backdrop continues to improve as we and most forecasters expect, activity in the housing market is likely to regain momentum in the months ahead.  Supply side developments will be crucial in determining the trajectory for prices. There are encouraging signs that construction is starting to pick up. Hopefully, this will set the stage for house price growth gradually converging with income growth in the quarters ahead. And construction needs to pick up. A survey released by the National Association of Estate Agents showed that many of that body’s members believe that there will be falls in the level of supply, while even the optimistic ones believe supply will remain a fair way behind demand. That’s a net deficiency however you want to package it.  Stamp duty If there is a game changer, it could be stamp duty. Data from the Land Registry suggests that 590,000 people could benefit from the change announced at the Autumn Statement, which replaced the antiquated slab system. The old framework used a series of seemingly arbitrary thresholds beyond which all sales are taxed the same until the reach the next threshold. This led to sales clustering below the points at which stamp duty would jump. The new, more progressive system is better: only the sum protruding above a threshold is taxed at the higher rate (as with income tax). Recent changes to stamp duty may also have a modest positive effect on demand, especially in the South of England and Scotland, says Gardner. He highlights the fact that the majority of the people set to gain will be in the south of England, where prices are typically higher: The benefits will be greatest in the south of England where average house prices are higher. We estimate that around 85 per cent of transactions in London, the south-west and south-east would benefit from the changes, compared with around 50 per cent in the north, Yorkshire and Humberside, and the north-west of England.  Show Comments ▼ whatsapp Billy Ehrenberg center_img Share Tuesday 30 December 2014 5:07 am whatsapp Tags: UK house priceslast_img read more

Chinese tycoon Guo Guangchang wins battle to buy Club Med

first_imgSunday 4 January 2015 11:06 pm 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Show Comments ▼ whatsapp Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHero WarsAdvertisement This game will keep you up all night!Hero WarsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoGive It LoveRemember These Rare Sisters? See Them NowGive It LoveUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndocenter_img Share Express KCS Chinese tycoon Guo Guangchang wins battle to buy Club Med whatsapp Chinese billionaire Guo Guangchang is set to buy French holiday resorts firm Club Med in a deal worth over €900m (£704m) after winning a long-running bidding war against Italian rival Andrea Bonomi, it was revealed yesterday.Billionaire Bonomi conceded defeat late on Friday. Guangchang’s conglomerate Fosun International had raised its bid for the holiday company to €24.60 a share just before Christmas – valuing Club Med at €939m. The bid ousted a €24 per share offer from Bonomi’s Investindustrial – which also owns Aston Martin – with the Italian subsequently conceding defeat.Bonomi’s withdrawal brings to end an 18-month saga that saw the company’s offer price raised a number of times and paves the way for Fosun to control the French vacations specialist.It is thought that Fosun will look to expand Club Med into emerging economies in an attempt to tap into the increased consumer spending of their growing middle classes. China, in particular, represents a target destination, and could account for up to a third of Club Med’s customers if Fosun succeeds in the takeover attempt.Founded in 1950 by Belgian Gerard Blitz, Club Med is considered the original all-inclusive resort. It grew into one of the world’s largest tour operators but has suffered in recent years due to growing competition, evolving holiday preferences and the global economic downturn. last_img read more

Christmas wasn’t so bad for Thorntons after all, with retail sales up in the second quarter

first_img whatsapp Sarah Spickernell Show Comments ▼ whatsapp Share The figuresShares in chocolate retailer Thorntons opened almost two per cent higher after it posted figures showing like-for-like retail sales went up by five per cent in the second quarter of 2014 – a turnaround from the 3.7 per cent decline in its first quarter. In the 14 weeks to 10 January, the company’s high street stores brought in £44.9m, with international sales increasing 19 per cent. However, those retail figures – ie. sales through its shops – were in contrast negative commercial figures, which represent sales through grocers. At the end of last year, these were so bad the company had to issue a profit warning, causing shares to slump by 25 per cent.  Why it’s interestingChristmas should be a positive time for a chocolate retailer, which meant last month’s results were very concerning for investors.  At the time, Thorntons identified two main problems holding it back. The first was a big reduction in anticipated orders from major buyers. It said it had also experienced problems at its new centralised warehouse. Because of that, Thorntons’ commercial channel suffered “lost and late sales” and, as a consequence, lost out on “promotional slots and reorders”. The blow was all the more painful as the company had carried out significant testing on the facility before it opened. This was a continuation of a difficult few years for the chocolate maker – in 2013, it shut 39 stores and started to focus on selling its products through supermarkets as part of a new recovery strategy. This was going well for a while, but the latest figures indicate shop sales are now more popular among consumers. Today’s much-improved retail results reflect shopper demand for Thorntons’ inlaid boxes, seasonal specialities and advent calendars, culminating in a 7.8 per cent increase in like-for-like sales during December specifically. What Thorntons saidChief Executive Jonathan Hart said he was confident about the company’s UK strategy despite its poor commercial results: Alongside very positive results from our retail division for the second year running, we were disappointed that the continued growth we anticipated in the UK commercial channel of our fast-moving consumer goods (FMCG) division had not been delivered. The challenges we experienced within specific grocers accounted for the majority of the share decline. Good growth in many of our grocery, convenience and high street accounts and a strong performance from our retail division gives us confidence in shopper demand for our brand and products. We continue with our transformation towards an FMCG business and the investment in our people, systems and factory is ongoing. We have good plans for the spring seasons and the Board remains confident in its multi-channel strategy and ongoing transformation.In shortThorntons has been through a testing 12 months, with shares falling to around half the value they were at in January 2014. A noticeable fall took place in December following the release of its profit warning, and a gradual decline has continued since then. But despite that hiccup at its new warehouse, today’s figures provide encouragement to those investors who have held on. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online GamePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive Supplement Christmas wasn’t so bad for Thorntons after all, with retail sales up in the second quarter More From Our Partners Man on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comWhy people are finding dryer sheets in their mailboxesnypost.comKansas coach fired for using N-word toward Black playerthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Thorntons will close of of its 61 stores in the UK Monday 19 January 2015 1:28 am Tags: NULLlast_img read more

Martin Odegaard: Is Madrid’s £2.5m 16-year-old a future legend or the next Freddy Adu?

first_imgThursday 22 January 2015 1:26 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Show Comments ▼ Tags: NULL Martin Odegaard: Is Madrid’s £2.5m 16-year-old a future legend or the next Freddy Adu? whatsapp  With one or two exceptions aside, Real Madrid are most commonly known for buying superstars rather than making them. Yet the European champions made headlines today not through the purchase of another household name for another record-breaking fee, but instead with the signing of 16-year-old Martin Odegaard for £2.5m.  The Norwegian prodigy’s talent has persuaded Madrid to hand him a contract worth £4.2m per year making him the highest-paid 16-year-old in football history.  The teen sensation has already played a full season in the Norwegian league, represented his country at international level and inspired countless YouTube highlights compilations. The next Ronaldo? You can be forgiven for being skeptical. The football world is full of cautionary tales of hyped-up youngsters whose talent has gone to waste.  Fredy Adu is perhaps the most prominent example. The American made his professional debut at 14, played for the US men’s national team at 16, and moved to Benfica at 17. Now 25, he plays for FK Jagodina in the Serbian SuperLiga. Odegaard shows off while playing for Stromsgodet. (Source: YouTube) Despite all the hype, Odegaard’s transfer fee is only the eighth highest for 16-year-old. Such notable names as Jermaine Pennant, Fran Merida and Slobodan Rajkovic traded hands for a higher price at the same age. In fact, a look at the 16-year-olds who have been purchased for seven figure sums reveals a number of forgotten talents and gambles backfired. Ignoring all those still aged 19 years or younger, just six of 23 players who moved for £1m or more aged 16 ended up playing more than 50 games for their club. The aforementioned Rajkovic became the most expensive 16-year-old ever when Chelsea bought him for £4.58m. He was eventually sold at a £2.82m loss having failed to make a single appearance. The boy’s a bit special, but will he make the cut at Madrid? (Source: YouTube) In fact, the median number of appearances a £1m 16-year-old makes for the club joined is just 3.5, with most clubs making a loss on their speculative signings. Buying young clearly carries risk, although there have been some notable success stories. Theo Walcott, the most expensive 16-year-old ever, has made 286 appearances for Arsenal and is still a key player. The Gunners also made £44.7m and £9.68m off Cesc Fabregas and Carlos Vela respectively, while Bayern Munich got 202 appearances out of Toni Kroos before selling him on for a profit of £24.8m Yet as the richest club in the world, Madrid hardly need to worry about making a loss on a player purchased for just £2.5m. And for Odegaard who today said “if Ancelotti wants to use me for the team, I will be really happy”, that may just be a bit concern. Explore the full list of football’s most-expensive 16-year-olds and how they’ve fared in the table below.|Create infographics whatsapp Joe Hall Sharelast_img read more

Ralph Lauren slashes forecasts for second time in four months

first_img Share 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 ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 Wednesday 4 February 2015 8:08 pm Express KCS whatsappcenter_img 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 AdsDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach Raider Ralph Lauren slashes forecasts for second time in four months Show Comments ▼ SHARES in Ralph Lauren fell by 18 per cent yesterday after the luxury fashion group cut its full-year sales forecast for the second time in four months, blaming a strong dollar and weak consumer spending.The company, whose brands include Polo Ralph Lauren, Club Monaco and American Living, said it expected sales to grow at about four per cent on a constant currency basis in the year to March.This compares with its previous forecast of five to seven per cent, which it had already cut in October from six to eight per cent growth.“Foreign exchange and global consumer spending remain unpredictable, and we are planning our business accordingly,” chief operating officer Jacki Nemerov said. The promotional environment in the US, together with increased investments in new store openings, hurt third quarter net income, which fell 9.3 per cent to $215m (£141.3m). last_img read more

Warning over North Sea tax

first_img Warning over North Sea tax Share Express KCS LOW OIL prices could cost the UK economy £200bn unless changes are made to the tax regime for drilling in the North Sea. The past week saw two of Britain’s largest oil companies, BP and BG Group, slash capital expenditure projections as they reported declining profits, with BP boss Bob Dudley predicting that the current weak pricing in the market will continue for “probably several years”.In an interview with the Sunday Telegraph, Sir Ian Wood, founder of oil firm Wood Group, warned that six billion barrels of oil reserves, worth £200bn, may be abandoned in the region. He commented: “The key is not allowing irreversible damage, which is why I believe we have got to look at adjusting the tax regime now.” Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 Show Comments ▼ whatsappcenter_img 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 AdsPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryArticles SkillHe Left Wife For Her Sister, Then She Wins It AllArticles Skill Sunday 8 February 2015 11:07 pm Tags: NULLlast_img read more