M&B pub sale brings profit

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsElvenarIf You Need to Kill Time on Your Computer, this Fantasy Game is a Must-Have. No Install.ElvenarWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleBewadaMan Decides to File for Divorce After Taking a Closer Look at This Photo!BewadaGuerilla InsuranceA Cliff Collapsed In The Grand Canyon And Unearthed This…Guerilla InsuranceFormula Injury ClaimsBaby Formula Linked to NECFormula Injury Claims Show Comments ▼ Tags: NULL 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.” Sharecenter_img whatsapp KCS-content Sunday 19 September 2010 10:10 pm More From Our Partners Brave 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.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.orgFlorida 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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com M&B pub sale brings profit last_img read more

Gatwick airport owners to sell a minority stake

first_img whatsapp Gatwick airport owners to sell a minority stake 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 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 ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Sunday 26 September 2010 10:25 pm Sharecenter_img whatsapp KCS-content Show Comments ▼ THE owner of Gatwick airport is in negotiations to sell a minority stake in the transport hub to an unidentified investor.Global Infrastructure Partners (GIP) is believed to be holding talks with a global institutional investor with the aim of selling one final minority stake in the airport it acquired from the British Airports Authority for £1.5bn in October 2009.The stake is likely to be the same size as the 12 per cent GIP sold to South Korea’s national pension fund for just under £100m. The identity of the buyer is unknown although a Sunday newspaper said bankers thought it most likely to be a sovereign wealth fund from either Asia or the Middle East. It has already syndicated nearly 40 per cent of its shareholding, selling 12 per cent to the South Korean national pension fund, 15 per cent to the Abu Dhabi Investment Authority for around £125m and most recently 12 per cent to US public pension fund Calpers in June.GIP intends to retain a 51 per cent shareholding in the airport. Tags: NULLlast_img read more

Jacques Vert sales on the rise

first_imgTuesday 28 September 2010 11:01 pm KCS-content Share whatsapp More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comRussell 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Show Comments ▼ Jacques Vert’s like-for-like sales rose 3.6 per cent for the first 22 weeks of its financial year. The womenswear group, which includes the Jacques Vert, Windsmoor, Planet and Precis chains, said that gross margin over the period was in line with expectations, but slightly lower than last year. In a statement co-inciding with thecompany’s AGM yesterday chairman Steve Bodger said: “The new autumn 2010 season collectons have been positively received by our customers. However, it is still early in the season and we retain our cautious outlook for the remainder of this financial year.” Jacques Vert sales on the rise whatsapp Tags: NULLlast_img read more

Gulf Keystone raises £109m

first_img 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 Tags: NULL Gulf Keystone raises £109m whatsapp 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 ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-Today Show Comments ▼ center_img Share GULF Keystone Petroleum yesterday announced is has raised £109.2m through an oversubscribed share placing.The Kurdistan focused independent oil and gas exploration company says it will use the proceeds to accelerate its active drilling programme across its four blocks in Kurdistan.This will involve contracting a third Gulf Keystone operated deep drilling rig, as well as adding three new wells to its drilling programme.In addition, it will continue drilling two previously delayed wells in the region.Executive chairman Todd Kozel said: “This strengthening of our balance sheet marks another important step towards our full understanding of the true scale of the world class Shaikan Field. With access to a third dedicated drilling rig, we will now be able to complete the appraisal drilling campaign earlier than previously envisaged. “Furthermore, we are looking forward to continuing our exploration work across the Ber Bahr and Akri Bijeel Blocks.”The shares were placed by the firm’s broker, Mirabaud Securities, with both new and existing institutional investors snapping them up. whatsapp KCS-content Sunday 17 October 2010 11:23 pmlast_img read more

Cable asks regulator to probe News Corp’s offer for BSkyB

first_img Business Secretary Vince Cable has asked the country’s communications regulator to look at whether News Corp’s proposed offer for BSkyB may be against the public interest.News Corp, led by Chief Executive Rupert Murdoch, is proposing to buy the 61 per cent of the satellite broadcaster it does not already own for £7.8BN to consolidate a business it helped build.The U.S. media conglomerate also owns newspapers including The Times and The Sun – the country’s best-selling tabloid, which supported Prime Minister David Cameron during this year’s election campaign.“On the basis of the information and submissions available to me, I have decided that it is appropriate to issue an intervention notice in this particular case,” Cable said in a statement on Thursday.“The independent experts at Ofcom will now investigate and report to me on the media plurality issues that may arise from this proposed acquisition.”News Corp officially informed the European Union of its proposal on Wednesday, and EU competition regulators will also examine the matter – on grounds of competition – deciding by December 8 whether to clear the bid.Cable will decide whether to refer the matter to Britain’s own Competition Commission after receiving the Ofcom report, which is due by 31December. John Dunne whatsapp Show Comments ▼ whatsapp Share Tags: NULL Cable asks regulator to probe News Corp’s offer for BSkyB More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.orgA 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.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Thursday 4 November 2010 4:52 amlast_img read more

Deloitte names David Sproul as chief executive

first_img whatsapp Deloitte names David Sproul as chief executive KCS-content Wednesday 8 December 2010 8:33 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org BIG four accountant Deloitte named the head of its tax practice, David Sproul, as successor to its UK chief executive John Connelly yesterday.The news confirms City A.M.’s November report that Sproul was the preferred of two candidates for the position, alongside executive committee member Martin Eadon. Sproul, who joined Deloitte UK in 2002 from a managing partner role at Arthur Andersen, will become chief executive in June next year. Connelly said Sproul had “excelled in a range of leadership roles”.“Our partners have elected David with a massive show of support,” he said.Sproul, who currently also heads Deloitte’s EMEA tax practice, said the promotion was a “privilege”. He would focus the firm on “taking a lead in responding to the Government’s growth and competitiveness agenda for the UK” as well as its client service, he said.Connelly steps down in May 2011 when he turns 60, after more than a decade as chief executive.He has tripled the firm’s profits since becoming chief executive in 1998 and is credited with growing Deloitte into the UK’s second-biggest professional services firm, after PriceWaterhouseCoopers. DAVID SPROULHEAD OF TAXDELOITTE UKDAVID Sproul, 51, has 25 years’ experience in tax advice and almost 20 as a tax partner, specialising in advising international real estate and private equity clients.He joined Deloitte UK eight years ago as managing partner for consulting and advisory services, following the firm’s takeover of the UK operations of troubled US accountant Arthur Andersen.At Deloitte UK he worked as head of talent before being appointed UK head of tax in 2006 and then managing partner for tax in Europe, the Middle East and Africa (EMEA) region. In his role as head of tax for the EMEA region, Sproul helped launch an international tax centre of excellence in Dubai last year. He is also a member of the Deloitte Touche Tohmatsu executive.Sproul spent the majority of his career at Arthur Andersen, where he led its UK corporate tax practice before becoming its UK managing partner for operations and the firm’s second in command. His career started at a small accountancy firm, Hays Allan, where he worked for four years before joining Arthur Andersen. As chief executive, he is expected to focus on developing the firm’s talent and its strategy to compete globally. whatsappcenter_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 Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Tags: NULL Share Show Comments ▼last_img read more

GE to buy Wellstream for £800m

first_img GE to buy Wellstream for £800m 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 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 Share whatsapp General Electric said it would buy oilfield services company Wellstream Holdings for about £800m, in a deal that would expand the US conglomerate’s subsea equipment and services portfolio.GE said as per the deal, Wellstream shareholders would receive 780 pence in cash and a special dividend of 6p per Wellstream share.Shares of Wellstream closed at 747p on Friday on the London Stock Exchange.The deal will also help enhance GE’s ability to capitalise on growth in Brazil, Africa and Asia, the company said in a statement.The Wellstream deal will further extend GE’s reach into the floating production, storage and offloading offshore segment, the company said.Wellstream reported a sales backlog of £250m as of November 16, GE said. Monday 13 December 2010 3:32 amcenter_img whatsapp John Dunne Show Comments ▼ Tags: NULL 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 Wraplast_img read more

Vitamin maker DSM spends £700m on Martek

first_img whatsapp Show Comments ▼ Tuesday 21 December 2010 5:40 am alison.lock whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily 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 ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Vitamin maker DSM spends £700m on Martek center_img DUTCH group DSM, the world’s largest vitamins maker, is buying US baby food ingredients maker Martek Biosciences Corp for an agreed $1.1bn (£700m), kicking off an expected acquisition spree.DSM said the offer price of $31.50 per Martek share was a 35 per cent premium to its December 20 closing price.DSM has focused on nutritional products, moving away from low-margin bulk chemicals. Last week it completed divestments ahead of an expected series of acquisitions to use its more than €2bn (£1.7bn) cash pile.The deal gives DSM a new growth platform for natural, healthy polyunsaturated fatty acids nutrition ingredients, adding that Martek is a global leader, especially in infant formula nutrition.“Martek’s leading position in healthy, natural ingredients and algal technology will add a new growth platform to our nutrition business,” chief executive Feike Sijbesma said.Martek, whose customers include Kellogg’s, Mead Johnson Nutrition Co and French group Danone, had annual net sales of $450m (£289m) for its fiscal year ending October 31, 2010 and estimated earnings before interest, tax, depreciation and amortisation (EBITDA) of $115m to $120m.Based on the agreed acquisition price, DSM is paying about nine times estimated EBITDA.In February, Martek bought dietary supplement company Amerifit to broaden its product range away from baby food ingredients, which made up about 90 per cent of its 2009 sales.Theodoor Gilissen analyst Tom Muller said the deal was a “good stepping stone both regionally and technologically”.Analysts had previously said DSM, which also makes performance materials used in bullet-proof vests and fishing nets, could become a takeover target if it did not make a large acquisition soon.DSM said the Martek deal, expected to close by the second quarter of 2011, would be immediately earnings per share accretive for DSM by 15-20 euro cents on a full-year basis and will also provide material revenue synergies. 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Share Tags: NULLlast_img read more

Boom in media sector M&A

first_img Boom in media sector M&A Thursday 6 January 2011 7:11 pm whatsapp whatsapp Share Tags: NULL KCS-content 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 ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Fifty per cent of M&A?transactions by value in the media sector took place in the fourth quarter of 2010, with analysts predicting that the upswing will last throughout 2011. According to new figures from PricewaterhouseCoopers, 110 European Media deals were closed in 2010, totalling €12bn (€10.1bn) in deal value. This was more than a 90 per cent rise on the 2009 data. Show Comments ▼last_img read more

Public spending rise sees UK fall down freedom rankings

first_imgTuesday 11 January 2011 9:14 pm BRITONS face increasing restrictions on their financial and businesses freedoms, according to an international survey released today.Last year the UK dropped out of the top 10 most economically free countries, and has plummeted a further five places in today’s report.The UK is now ranked 16 in the world, below countries such as Canada, Denmark, New Zealand, the Netherlands and the US.Business freedom and labour freedom both dropped in the UK, according to the report which was released in association with the Institute for Economic Affairs (IEA).“The decline is doing significant harm to business and the UK’s growth prospects,” said IEA economist Philip Booth. “In many areas regulation has increased or is set to increase. The rankings are a serious wake up call to the coalition.”Growing public spending and taxation were the main causes of the drop down the table. “The UK has a high income tax rate,” the report said. “Government spending has risen steadily since the 1990s, and gross public debt has climbed to over 70 per cent of GDP.” Tags: NULL KCS-content Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Show Comments ▼center_img whatsapp Public spending rise sees UK fall down freedom rankings Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workoutmoneywise.comThe Most Neglected College Football Stadiums In The U.S.moneywise.comNext RefinanceThis Is Why The Roy Rogers Museum Has Been Closed For GoodNext RefinanceFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comDefinitionHistorians Doubt These 21 Famous People Ever ExistedDefinitionMovie JewelInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeMovie JewelPost FunThese Are The Most Unique Twins In The World, See Them NowPost Fun whatsapplast_img read more