Oxvq Jury awards cancer sufferer $70m following Johnson amp; Johnson lawsuit
Thursday 19 February 2015 9:12 pmEnergy price falls prompt British Gas owner to slash dividendBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on Wha
polene tsAppEmailShare on EmailAdd as a preferredsource on GoogleCENTRICA, Britainrsquo largest utility company, yesterday slashed its annual dividend by 21 percent and forecast f
stanley ca urther cuts on the back of declining energy prices.New chief executive Ian Conn, appointed in January, also announced a strategic review to be concluded in time for the companyrsquo interim results in July. Conn said: 2014 was a very difficult year for Centrica and the recent fall in oil and gas prices creates further challenge. We are cutting investment and costs in response. Conn is formerly BPrsquo head of downstream activities.Centrica will cut its 2015shy;-2016 exploration an
polene bag d production by pound;400m, after the company reported a 25 per cent fall in operating profit in 2014 as lower energy prices held back earnings at both its supply and production units.The British Gasshy; owner cut its dividend to 13.5p a share, from 17p, and announced future payouts would be slashed by 30 per cent. James Abbott, trader at Accendo Markets, told City A.M.: At the opening bell, traders couldnrsquo;t get rid of Centrica shares quick enough. An embarrassing 35 per cent slump in full-year operating profits, along with the slashed dividend, saw the shares become the FTSErsquo worst perfor Ynry Investec edges up its earnings
Wednesday 11 November 2009 7:00 pmSwiss regulator unveils its plans for banker payBy: admindrupalShareFacebookShare on FacebookXShare o
stanley austria n TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleSwitzerlandrsquo largest banks and insurers will have to defer the bulk of managersrsquo; bonuses and better match pay to performance under new rules aimed at curbing risky investments. Swiss financial regulator FINMA had planned to impose the rules on the vast majority of the financial sector, but watered down its original proposals after industry lobbies said it could harm smaller firms.We welcome the fact FINMA has differentiated between the different banks so that the smaller banks are less affected, said the Swiss Bankers Association.The new rules, to come into force on 1 January 2010, place Switzerland in a growing group of countries moving the focus of compensation away from a short-term culture blamed for the financial crisis towards longer-term sustainable profitability.Remuneration schemes can create false incentives which may lead to inappropriate risks being entered into, threatening the business and profitability of a financial institution and, at the end
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stanley uk f the day, its stability, regulator FINMA said. The new rules are expected to apply to UBS, Credit Suisse and also large insurers such as Swiss Life, Swiss Re and Zurich Financial Services.Share this articleFacebookXLinkedInWhatsAppEmail
