Air France-KLM share price opens lower as pilot strikes cut profits in half

first_imgWednesday 29 October 2014 7:41 am 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.comThe 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 WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun whatsapp Shares in Air France-KLM opened 3.6 per cent lower at €6.41 this morning, after third quarter operating profit fell by half . Profit for the three months to 30 September in 2014 was €247m, compared with €641m during the equivalent period last year. The company put the fall in profit down to September’s pilot strikes, saying their cost amounted to €416m (£328m) in lost revenues.  The strikes took place following the airline’s announcement that it planned to increase the number of passengers carried on its budget airline Transavia by more than 100 per cent. It also said it intended to expand the budget carrier’s operations outside France.  As an increasing proportion of established European carriers’ business continues to be taken by budget carriers such as EasyJet and Ryanair, Transavia was introduced by the airline to help it compete and minimise losses. Pilots were not happy with this because Transavia would hire them under local employment terms, resulting in lower pay.  The Franco-Dutch airline – the result of a 2004 merger between Air France and KLM – predicted the strikes, combined with a seasonal dip in fourth-quarter demand, will reduce its €2.3bn earnings target for this year by €500m . “Over and above the effects of the strike, we also predict that the market will remain sluggish in the fourth quarter,” Air France finance director Pierre-Francois Riolacci said. The company added that it intends to adjust investments and cut costs by 2015. However, it said claims of major job cuts by Dutch news reports were unfounded, and that there were “no drastic or emergency measures which need to be declared”.  Share whatsapp Sarah Spickernell Air France-KLM share price opens lower as pilot strikes cut profits in half Tags: NULL Show Comments ▼last_img read more

BetFred founder to chair CardOne

first_imgSunday 23 November 2014 10:57 pm Betfred founder Fred Done is to become the chairman of a fast-growing challenger bank, CardOne Banking.Done started the BetFred chain – Britain’s biggest independent bookmaker – with his brother Peter in 1967.CardOne offers current accounts to more than 20,000 people and businesses across Britain. It charges a monthly fee of £12.50 and does not allow its customers to go overdrawn.The firm has been generating profits of more than £1m on revenues of about £6m. Done said the company was eyeing acquisitions and aiming to begin lending money by the middle of next year. “We’re looking at a banking licence,” he said. Joseph Millis by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPost FunGreat Songs That Artists Are Now Embarrassed OfPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryTotal PastAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongTotal PastElite HeraldKate Middleton Just Dropped An Unexpected Baby BombshellElite Herald BetFred founder to chair CardOne whatsapp 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img whatsapp Show Comments ▼ Share Tags: NULLlast_img read more

SSE price cuts: Fifth energy supplier slashes gas prices following Npower, British Gas, E.On, and Scottish Power

first_img whatsapp Show Comments ▼ Lynsey Barber Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndoVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online GameUndo 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.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Sharecenter_img Monday 26 January 2015 2:39 am SSE price cuts: Fifth energy supplier slashes gas prices following Npower, British Gas, E.On, and Scottish Power SSE is the latest energy supplier to cut its prices, passing on savings from the falling cost of wholesale gas to customers.The energy giant will slash its household gas prices by 4.1 per cent, or £28 a year on the typical gas bill. The cuts will take effect from 30 April and the lower price will be guaranteed until at least July 2016.The FTSE 100 firm is the fifth of the big six suppliers to drop the price of gas, after wholesale prices fell by as much as 20 per cent since November last year and 30 per cent since January last year, .It follows Npower, British Gas, E.On and Scottish Power all making price cuts in the last few weeks, as energy firms bow to pressure from the government and consumer groups to reflect the fall in their pricing. EDF has not yet cut its prices.SSE director Steve Forbes said: “We were the only supplier to freeze prices and we promised we would cut them if we could; now we’re delivering on that promise with an average £28 reduction in gas bills. Only SSE customers can bank on the fact that their standard energy prices won’t increase under any circumstances before July 2016. Our prices are coming down, they’re staying down and we want to work with government to bring them down further.”Standard gas tariffs have been cut by 5.1 per cent at Npower, 3.5 per cent at E.On, five per cent at British Gas and 4.8 per cent at Scottish Power. whatsapp Tags: British Gas Company E.On Npower Scottish Power SSElast_img read more

50 is the most expensive age as expenses stack up from mortgages, children, saving for retirement… and holidays

first_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 WeekMoguldom NationFather Of 2 Sues Los Angeles Hospital After Wife Dies During ChildbirthMoguldom Nationzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.com Friday 6 March 2015 4:57 am 50 is the most expensive age as expenses stack up from mortgages, children, saving for retirement… and holidays Show Comments ▼ People expecting to sit back and relax thanks to getting themselves into a comfortable financial position by the time they hit 50 years old, may not be quite as carefree as first thought.By 50, Britons have picked up a large bill, racking up more expenses than at any other time in life. The cost of mortgages, holidays, savings and living expenses steadily stack up in your 40s, peaking at the age of 50 to the tune of £27,230 a year.The good news is this begins to tail off, and by the age of 60 the bill drops to £20,000 a year.By retirement age, costs fall to the lowest of your life, shrinking to just £18,00 a year by the age of 70, a new report from Investec found.At the age of 50, it’s crunch time, when people are having to juggle a host of outgoings, spending money on mortgage payments, setting aside cash and making investments for the future while still paying for children and their education.At this age, people are also spending the most on holidays compared to any other age group and, as well as looking after children and teenagers, many are taking care of elderly parents.By the time people are approaching their 60th birthday, many have paid off the mortgage and children have flown the nest and are supporting themselves. whatsapp Share Lynsey Barber Tags: NULL whatsapplast_img read more

Lorry crashes into Dulwich bridge and narrowly avoids train with 89 passengers

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoComedyAbandoned Submarines Floating Around the WorldComedyUndoForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushUndoTotal PastAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongTotal PastUndo Show Comments ▼ Lorry crashes into Dulwich bridge and narrowly avoids train with 89 passengers Wednesday 8 April 2015 10:11 am This morning a lorry smashed into Dulwich bridge and narrowly avoided being hit by a train carrying 89 passengers.No-one was harmed in the incident thanks to the quick reactions of the train driver who pulled the emergency brakes just in time halting the train only metres away from the lorry. The fire brigade were called in to Village Way in North Dulwich at 11:25am and the incident was dealt with by 1:24pm.London Fire Brigade spokesman Richard Knighton said:The lorry has smashed into the bridge and the ‘grabber’ on top has gone on to the track. The train driver has quickly seen it and jumped on the emergency brakes which has narrowly escaped a potential disaster. The track has also been damaged so there was also the possibility of a derailing.Trains were between London Bridge, Beckenham Junction and West Croydon were delayed in the aftermath. An engineer was dispatched to investigate the site with a spokesman for Southern saying:Should any structural defect be found, then train services will have to be suspended again for repairs to be made. whatsappcenter_img Tags: NULL whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com Jeff Misenti Sharelast_img read more

Police make arrest in £3m boiler room fraud

first_img Show Comments ▼ Wednesday 22 April 2015 9:05 pm whatsapp Express KCS Police yesterday arrested a man on suspicion of being part of a gang that made £3m by flogging fake investments in expensive metals.The 41-year old suspected fraudster was caught in Glasgow. Up to 250 people are believed to have been persuaded by the gang to put their savings into bogus investments, with one victim investing more than £200,000. Victims were cold-called by boiler room operators and informed that they could make big profits, with the metals supposedly being stored for them in secure vaults in Geneva and the Channel Islands. Enquiries by the City of London Police have so far found no evidence that either the metals or the vaults actually exist.“Boiler room fraud in particular is a highly damaging offence that can have a devastating effect on people who fall into the carefully and cleverly laid traps set by the criminals,” said detective inspector Nigel Howard. Share whatsapp Tags: NULL Police make arrest in £3m boiler room fraud 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 ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat is ‘Ranked-Choice Voting,’ the New System for New York’s MayoralFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Prooflast_img read more

Why the “flash crash” whistleblower is in line for millions after implicating Navinder Singh Sarao

first_imgThursday 23 April 2015 4:44 am Why the “flash crash” whistleblower is in line for millions after implicating Navinder Singh Sarao whatsapp Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.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.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Show Comments ▼center_img The United States federal authorities could make it rain for the anonymous tipster who helped expose tracksuit wearing trader Navinder Singh Sarao who is accused of contributing to the “flash crash” five years ago.Under the US Commodity Futures Trading Commission’s (CFTC) whistleblower program, created as part of the government’s response to the financial crisis, whistleblowers receive between 10 per cent and 30 per cent of the total sanctions collected from the case. In order for the anonymous tipster to qualify for the multi-million dollar pay day, their tip must be both crucial to the government’s case, and be successful in clawing back at least $1m (£677m) as a result of the prosecution.Sarao made an astonishing $40m trading from the comfort of his semi-detached house in Hounslow, according to the lawsuit filed by the regulator, so it’s not difficult to imagine it breaching this thresholds.It’s also markedly different from UK law which doesn’t have huge United-States style payouts to encourage tip-offs. The Financial Conduct Authority and the Prudential Regulation Authority have previously said financial incentives were unlikely to improve the number of quality disclosures received by the regulators.US lawyer Shayne Stevenson, who is representing the anonymous whistleblower, said his client provided “powerful, original analysis to the CTFC” which helped expose Sarao’s alleged illegal trading activity.Sarao was arrested and charged on Tuesday amid allegations he employed a “dynamic layering scheme to affect the price of [a type of futures contract]”.In other words, he’s accused of making fake sell orders which he had no intention of honouring to drive down prices, before swooping on the cheap futures and then profiting when the market returned back to normal.He must put up £5.05m in bail money as he fights extradition to the United States over fraud charges. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLivestlyThe Best Redhead Actresses, RankedLivestlyDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionTotal Battle – Tactical Game OnlineThe Most Addictive Strategy Game of 2021Total Battle – Tactical Game Online Jessica Morris Tags: Navinder Singh Sarao Peoplelast_img read more

Qinetiq shares leap after solid annual results

first_img Share whatsapp Express KCS WEAPONS tech firm Qinetiq enjoyed a double digit surge in its share price yesterday after falling revenues failed to affect rising profits.The defence tech firm recorded a seven per cent increase in annual pre-tax profits for the year ending 31 March at £107.8m, boosted by a strong order book from the Middle East and Africa. The increased profitability came despite revenues for the period slipping two per cent to £763.8m as the firm benefited from higher margins. Shares closed up 11.1 per cent, buoyed by a 17 per cent hike in the dividend and ongoing buyback plan. Qinetiq shares leap after solid annual results Thursday 21 May 2015 8:52 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 Wrap’Kevin Can F**k Himself’ TV Review: Annie Murphy Blows Up the Idea of aThe 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’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 whatsapp Show Comments ▼ Tags: NULLlast_img read more

Queen could have racked up £1bn rent during her 63-year reign

first_img whatsapp Show Comments ▼ Queen could have racked up £1bn rent during her 63-year reign whatsapp Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBallLoan Insurance WealthGrab A Tissue Before You See Richard Simmons At 72Loan Insurance Wealthcenter_img Kasmira Jefford More From Our Partners White House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.com Share Tuesday 8 September 2015 5:33 pm The Queen would have forked out over £1bn had she had paid rent on Buckingham Palace and her other six properties during her 63 year and seven month reign.As Queen Elizabeth II becomes the UK’s longest serving monarch, lettings agent Rentify has crunched the figures to see how much she might have paid had any of her properties had been rentals. The figures put Buckingham Palace as the most expensive of the Queen’s residences, estimating a rent of £303,340 a month for the 240-bedroom central London property. This saw the Palace eclipse the average rent for the SW1 area by almost 2,000 per cent.That also excludes the £150m needed to keep the palace in good shape.Second on the list was Windsor Castle.  The Berkshire property is estimated to command a rent of £129,375 per month for its 225 bedrooms and 13 acres of land –  an eye-watering 5,265 per cent higher than the average rent of a four-bedroom home in the area, which stands at £2,300 per month.This makes the Duke and Duchess of Cambridge’s residence at Anmer Hall in Norfolk look like a bargain, at an estimated £14,000 a month.“Royal properties will always command a royal price tag, and these estimates show that even royalty would not be exempt from the effect of astronomic London rents,” commented George Spencer, chief executive of Rentify, said.NameMonthly rentNumber of roomsKey featuresBuckingham Palace (London)£303,340240Central London location, large garden, 24/7 securityWindsor Castle (Berkshire)£129,375225Commuter belt, stunning viewsSandringham Palace (Norfolk)£94,500135Stunning garden, palace within Sandringham EstateBalmoral Castle (Aberdeenshire)£60,000100In the shadows of Lochnagar, private gardenPalace of Holyroodhouse (Edinburgh)£49,26060City centre, woodlandsHillsborough Castle (County Down)£42,66780Large garden, full time staff 24/7Delnadamph Lodge (Aberdeenshire)£4,20012Grouse shooting, near Balmoral Castle last_img read more

News / Tesco needs to address the wastage in its supply chain to make up for falling sales

first_imgIf goods are moving between customers, the supplier informs CHEP of the number of pallets it is transferring and provides the pallet lessor with the account number of the customer receiving the units – thus transferring responsibility and cost of the pallet to the consignee.However, in this case, despite taking delivery of hundreds of CHEP pallets from Tesco, it appears the retailer continues to hold responsibility, and pay for, the use of the pallets, even though they are no longer in its system.However, the UK’s largest grocer has made substantial inroads into cutting freight costs and transport carbon emissions. Under its plan F, it has reduced its road haulage spend in both the UK and Europe. The transfer of deepsea containers between its main continental gateway port of Bremerhaven and its chief European distribution centre in Slovakia has, since 2012, been entirely handled by rail, and it claims to have saved some four million road miles per year.Its switch from road to rail has led to cost and emissions savings Tesco has also stopped using road freight to move general merchandise from Poland to its port-centric distribution centre in Teesport, and now uses a shortsea route from Gdynia in Poland operated by Containerships, which has a direct call at the port. This it said had reduced road travel by over 80% and saved it “over €300k per year”.Finally, for its apparel products sourced in Turkey, Tesco has also switched modes, using a Samskip multimodal service that sees 45ft containers shipped from Istanbul to the Italian port of Trieste and then transferred by rail to Cologne in Germany, before being carried by road for the final leg to the UK hub of Daventry. It aims to extend the rail leg through to Daventry by using the Channel Tunnel.And while City analysts have focused on the company’s UK performance – and in particular the way that it has lost market share to discount retailers Aldi and Lidl, while simultaneously watching premium food retailers Waitrose and M&S expand sales – its international business has not been without its troubles.It said that sales increased in mainland Europe, but last week saw Tesco finally abandon any hope of going it alone in China, after completing a joint-venture deal with Hong Kong-based China Resources Enterprise (CRE) to form a retail joint-venture. This combines Tesco’s 134 stores across the country with CRE’s 2,900 outlets, and means its loss-making Chinese operations won’t be forced to close.Tesco Asia chief executive Trevor Masters said that owning 20% of what is now China’s largest food retailer gave it a better market exposure than being the 100% owner of a second tier retailer.Trevor Masters“It’s clear this partnership provides us with a great long-term platform in China, helping to create a business which will benefit customers much more than Tesco or CRE could alone,” he said last week.More famously, its attempts to take on WalMart in the US, with its Fresh & Easy outlets, cost the firm over $1bn and was an unmitigated disaster. By Gavin van Marle 04/06/2014center_img The continuing pressure on the UK’s major supermarkets was again in evidence this morning, when the country’s largest food retailer, Tesco, reported some of the worst sales figures in its history.First-quarter sales in the UK were down 3.7% year-on-year, while international sales also fell, which means Tesco is likely to look to reduce supply chain costs in its quest to cut back on outgoings.And it would appear that there is a lot of work that remains. Some who have observed the Tesco supply chain at close quarters say the division it is not immune to considerable waste, not least with its use of CHEP pallets.The Loadstar understands that at least one company Tesco deals with, in terms of moving goods, has never had its CHEP account number requested.Tesco could be be losing huge sums of money on its usage of CHEP palletslast_img read more