CITY VIEWS: SHOULD WE REPLACE TUITION FEES WITH A GRADUATE TAX?

first_img Share SOPHIE BOYD | HISCOX“If the aim is to make the system fairer, I think that removing upfront fees might well encourage students from lower income families to go to university. But ultimately they will still bear the costs, albeit at a later date.”MICHAEL GROVES | LLOYDS TSB“A graduate tax might improve social mobility in making university more accessible. However, a badly designed graduate tax could end up meaning people pay a lot more than what universities currently ask for in tuition fees.”JAMES BARTHOLEMEW | MODELZONE“It seems a bit useless to change the system to me – I don’t think itwill make a great deal of improvement so why bother going to all the effort? I don’t see how this is going to plug the higher education funding gap.” Tuesday 21 September 2010 8:26 pm whatsapp CITY VIEWS: SHOULD WE REPLACE TUITION FEES WITH A GRADUATE TAX? whatsapp KCS-content Show Comments ▼ 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Tags: NULLlast_img read more

Major inflation risks should ease, says MPC’s chief economist Dale

first_img whatsapp 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Major inflation risks should ease, says MPC’s chief economist Dale Tags: NULL whatsapp Debate over the Bank of England’s Monetary Policy Committee (MPC) has entered a particularly aggressive and vigorous phase as policy-makers struggle to assess the relative strength of upside and downside risks to inflation, Bank chief economist Spencer Dale said yesterday.Dale said the policy debate was particularly aggressive at the moment as MPC members strove to work out whether risks of above or below target inflation were predominating.The Bank currently forecasts that consumer price inflation of 3.1 per cent should fall back to its target level of two per cent by the end of next year, but this hinges on continued economic growth and ongoing public confidence that the central bank has not lost control of prices. Thursday 23 September 2010 7:57 pm KCS-content Show Comments ▼ Sharelast_img read more

KPMG doubles pace of partner promotions amid hiring drive

first_img Show Comments ▼ whatsapp Thursday 14 October 2010 9:27 pm Tags: NULL whatsapp KPMG doubles pace of partner promotions amid hiring drive ACCOUNTANCY firm KPMG has doubled the number of staff it has promoted to the position of partner and director since last year, as part of its strategy of growing headcount to meet rising client demand.KPMG this month appointed 37 staff to its partnership and 110 to the position of director, compared to 20 new partners and 49 new directors who were promoted in 2009.The news comes after it emerged recently that the firm plans to add 3,000 staff to its UK payroll over the next three years, as increasing levels of M&A, restructuring and other corporate activity in the improving economic climate start to boost demand for its services. In Europe, KPMG plans to expand by about 8,000 staff over the three years, boosting its current headcount by over a quarter. Share KCS-content 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 last_img read more

Hermes pressures Infineon chair

first_img whatsapp KCS-content Sunday 17 October 2010 10:52 pm whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com 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 UK fund manager Hermes has upped the pressure on management at German chipmaker Infineon to put a succession plan in place in the next fortnight, it emerged last night. Hermes’ head of corporate governance Hans Hirt said the firm was worried about speculation mounting that Infineon’s chairman Klaus Wucherer may not propose a successor at the next shareholder meeting early next year. Hirt sent a letter to Wucherer outlining the concerns and urging him to reveal a timetable for his departure and details of the process. center_img Share Show Comments ▼ Tags: NULL Hermes pressures Infineon chair last_img read more

No alternative to deep cuts, insists Osborne

first_img No alternative to deep cuts, insists Osborne Thursday 21 October 2010 8:57 pm KCS-content Tags: NULL More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org GEORGE Osborne yesterday insisted he would not shy away from making the biggest spending cuts since 1976, even if the economic recovery hits the skids.The chancellor gave yet another strong hint that a further round of quantitative easing, rather than a slower pace of fiscal consolidation, would be the best tool to boost a flagging economy.He said: “The country needs a decisive plan, we’ve set out a decisive plan. There is of course the freedom for the Bank of England to deploy monetary policy tools as well.”With interest rates at near-zero, any further loosening of monetary policy would almost certainly involve another round of quantitative easing. Both Mervyn King, the governor of the Bank of England, and Prime Minister David Cameron, have both signalled they would back such a course of action. Meanwhile, the Labour party stepped up its attack on the government, insisting the redundancy bill for public sector job losses could run into billions of pounds. However, the Treasury dismissed the claims, pointing out that the vast majority of jobs would be lost through natural wastage. center_img Share 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 A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity 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 Show Comments ▼ whatsapp whatsapplast_img read more

Fresh appetite for mini-metal LME contracts

first_img Share Fresh appetite for mini-metal LME contracts by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAdventure CrunchHere Are the Most Famous Pro Wrestlers From the Past TodayAdventure CrunchFinance BLVDThis Star from ‘Gilligan’s Island’ is 101 & lives a humble life nowFinance BLVDArticles StoneLittle Boy Brings $2 Painting To Antiques Road Show, Not Realizing Its WorthArticles Stonethedelite.comNetflix Cancellations And Renewals: 2021 Updatethedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center Tags: NULL Monday 1 November 2010 7:43 pm whatsappcenter_img Show Comments ▼ Major London Metal Exchange brokers are taking a belated interest in the previously dormant LME mini metal contracts, metals industry sources said yesterday, adding the contracts may yet take off.The news comes ahead of plans by the LME and the Singapore Exchange (SGX) to launch copper and zinc cash-settled minis cleared through SGX by the first quarter of next year – part of the LME’s bid to increase its footprint in Asia.The LME originally launched small-size, cash-settled, monthly copper, aluminium and zinc futures contracts in December 2006, with one contract or lot equivalent to five tonnes as opposed to 25 tonnes for the parent contracts. They traded on the LME Select system.According to one source, the uptick in interest in the original mini contracts is primarily due to changes in trading conditions and rules since then.“For the initial launch of LME minis in 2006, only a very few clients plus traders could access mini prices on LME Select, [so] critical mass was not reached,” he said. “The situation today is different – the inclusion of electronic market-makers, proliferation of client access… it’s likely the LME mini will take off.”Another reason for renewed interest is that brokers have become aware of certain advantages to trading the contracts that were not in place before, the source said.For example, the LME recently removed the “order execution limit”, or the limit on the ratio of orders to trades for the minis, he said.FAST FACTS | LME Established more than 130 years ago, the LME is the world’s premier non-ferrous metals market offering futures and options contracts.In 2009 the LME achieved volumes of 111.9m lots, equivalent to $7.41 trillion annually. KCS-content 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapplast_img read more

ICBC to launch £4bn rights issue

first_img whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.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 FollowAlphaCuteDirect HealthyKate Silverton’s PartnerDirect Healthythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Industrial and Commercial Bank of China (ICBC) plans to raise 45bn yuan (£4.2bn) through a rights share offering this month, capping an $80bn fundraising boom by Chinese lenders to replenish capital depleted by last year’s lending spree.ICBC, which first unveiled its rights issue plan in July, will now be selling fewer rights shares in Hong Kong and Shanghai because of a rise in their stock market value since then.Investors will be entitled to 0.45 shares for every 10 held, meaning it could issue up to 15.03bn new shares, compared with its earlier plan to issue up to 0.6 shares for every 10 held, or 20.04bn shares. ICBC’s Shanghai shares are up 8 per cent since July and its Hong Kong shares are up 15 per cent.The world’s most valuable lender priced the issue at 2.99 yuan per share in Shanghai, and the equivalent price of HK$3.49 in Hong Kong, representing a discount to the market price of 37 percent and 47 per cent, respectively.The discounts are more-or-less in line with those offered by smaller rivals China Construction Bank Ltd (CCB) and Bank of China (BOC), which are raising a combined $18.2bn.CCB priced its offer at a 27-43 per cent discount to market price, while BOC priced it a 34-41 percent discount.The steep discount to market prices would give ICBC shareholders more of an incentive to participate in the rights issue, according to Jin Lin, analyst at Orient Securities.“It will give investors the impression that participating in the rights issue would be a bargain,” Jin said, adding that eventually, the overall wealth of investors would not change as the new issuance should drag down ICBC’s share prices.Investors generally welcomed the move, but ICBC’s shares were overshadowed to some extent by the central bank’s increasing banks’ required reserves amid inflation worries. Share Tags: NULLcenter_img whatsapp ICBC to launch £4bn rights issue Thursday 11 November 2010 2:43 am John Dunne 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 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

Cahn to leave UKTI in March

first_img KCS-content Share Tags: NULL Sir Andrew Cahn is to quit the government’s international trade body UK Trade and Investment after five years as chief executive. He will step down when his contract ends in March 2011, reportedly for a private sector role. Cahn has led UKTI’s work to grow outbound UK investment and attract overseas investors, including through the recent delegation to China. UKTI today works with 25,000 companies, up from 15,000 in 2007. Cahn was appointed in March 2006 on a four-year contract that was extended for a further year. 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 Cahn to leave UKTI in March whatsappcenter_img Show Comments ▼ 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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity 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 FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center Thursday 25 November 2010 8:35 pm whatsapp last_img read more

UK manufacturing PMI rises to 16-yr high in November

first_img Show Comments ▼ UK manufacturing PMI rises to 16-yr high in November whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.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.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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com alison.lock whatsapp Wednesday 1 December 2010 4:45 am UK MANUFACTURING activity accelerated unexpectedly to a 16-year high in November and employment climbed at a record pace, a survey released today shows.The Markit/CIPS headline manufacturing Purchasing Managers’ Index (PMI) rose to 58.0 in November, its highest since September 1994, and well above October’s upwardly revised figure of 55.4. Economists had forecast a modest easing to 54.6.The index has been above the 50.0 mark, which separates growth from contraction, for 16 months in row, pointing to a robust recovery in the industrial sector.The survey is likely to come as welcome news to the government which is relying on the private sector to help sustain Britain’s economic recovery at a time of deep public spending cuts.“Stronger manufacturing expansion may well be needed to offset a likely slowdown in consumer spending as austerity measures start to bite,” said Rob Dobson, senior economist at Markit.With public sector cuts and a VAT rise expected to erode demand in 2011, most economists expect economic growth to weaken into 2011 after a strong performance in the middle of this year.While the PMI figures suggest the manufacturing sector – which accounts for around 13 per cent of economic output – is holding up well, economists have warned that upbeat activity surveys have not been reflected in official data.Wednesday’s data is therefore unlikely to alter the view that the Bank of England will leave interest rates on hold for many months to come until the recovery is assured.The survey showed manufacturers took on staff at their fastest rate since the survey began in 1992, with an index reading of 57.6 compared with 55.4 in October. Markit said the pick-up was broad-based.The government’s debt-cutting plans are expected to result in the loss of around 330,000 public sector jobs, less than previously thought.Higher domestic and overseas demand helped push the manufacturing output index to its highest level since May, while backlogs of work increased for the first time in five months.New orders rose at their fastest pace since April, while export orders grew at their fastest in seven months, with companies reporting increased sales to the United States, China, Germany, India and the Middle East.However, rising prices for commodities, electronics, oils and packaging contributed to a big jump in cost pressures. The input prices index rose to its highest since August 2008. But firms did not appear to be passing on those costs to customers and the output prices index fell to an eight-month low.That may give Bank of England policymakers some leeway, as they try to balance high inflation while keeping the recovery on track.The central bank has held interest rates at a record low of 0.5 per cent since March 2009 and has injected £200bn into the economy to boost growth. Share Tags: NULLlast_img read more

JJB in £30m fundraising plan

first_img More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.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.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.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.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.com JJB has has announced plans to raise £31.5m from shareholders, after issuing a warning it could breach the terms of a banking agreement.The struggling sports retailer said it was raising funds from major shareholders including Crystal Amber and the Bill & Melinda Gates Foundation Trust.It added that its lender, Bank of Scotland, had agreed to ditch financial tests that had been due in January.Sales in the six weeks to 19 December were down 15.7 per cent on last year, JJB said.Bad weather conditions had continued into the pre-Christmas period and had “significantly affected” sales, the company said.JJB also announced that chairman John Clare would step down with immediate effect.He will be replaced by Mike McTighe, a former Cable & Wireless executive.On 2 December, the retailer, which struggled during the downturn, warned it was likely to breach “certain financial covenants” in a £25m loan facility provided by its bank after worse-than-expected sales in recent weeks. 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 Herald Share Friday 24 December 2010 3:47 am center_img Show Comments ▼ whatsapp John Dunne JJB in £30m fundraising plan Tags: NULLlast_img read more