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first_img KCS-content Share whatsapp ANTHONY ROSE, a former partner with a City law firm, has launched Hampden Law, an independent practice, with hopes it could become one of the first legal practices to receive outside external investment once the Legal Services Act comes into force next year.Hampden Law, which advises on commercial work, already has business support from insurance services firm, The Hampden Group. The legal outfit receives external, accounting, secretarial and IT support from Hampden Chambers, a subsidiary of the group.Rose is hoping that after the Act comes in, Hampden Law will become part of the Hampden Group and serve as the group’s legal team.He said: “We perhaps will be acquired by the Hampden Group as its legal team next year.” Hampden Law seeks fresh investors in bid for growth 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 PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-TodayUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndocenter_img Show Comments ▼ whatsapp Wednesday 15 September 2010 8:07 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Tags: NULLlast_img read more


first_imgThursday 28 October 2010 6:05 am Show Comments ▼ Share Tags: NULL whatsappcenter_img Outsourcing and consulting firm Mouchel slumped to a full-year loss and warned of an uncertain outlook due to government austerity measures, wiping more than a quarter off its stock market value.Mouchel, which helps the government maintain highways and provides consultancy to local authorities, had already this month warned its full-year results would not meet analyst expectations.Its shares plummeted 27 per cemt – hitting their lowest in more than eight years.The group posted a £14.7m pre-tax loss for the year through July after taking £45.2m in exceptional items, on revenue which fell 15 per cent to £632m.Underlying pre-tax profit before tax and one-offs dropped 24 per cent to £30.5m, in line with what the company said earlier this month it expected.Mouchel, which also said it would skip its final dividend in order to save resources and help reduce its debt, said it would take a cautious approach to the year ahead in light of budget cuts.“There has been an extensive reassessment of spending priorities and, in consequence, the postponement or reduction in scale of various programmes,” the company said in a statement.“The timing and impact of these measures has been particularly noticeable in the more discretionary areas of capital expenditure,” it added, highlighting highway schemes and school building projects as affected areas.Mouchel said trading in the local authority market had been hit by cuts but it expected business to increase in this area in the longer term as local councils turn to outsourcers to help them make savings.“The group anticipates an increase in local authority outsourcing as a result of the economic climate and is well placed to take advantage of these opportunities and to increase its penetration into local authority markets,” Mouchel said.It said it wanted to focus on reducing costs and saving money and had starting refinancing its principal banking facilities.Analyst David Brockton at brokerage Execution Noble said the refinancing was a “silver lining” as the company is close to breaching its covenants, but retained his “sell” recommendation on the stock.“Mouchel’s full-year figures are disappointing with a pass on final dividend … We would expect the dividend cut and likely downward revisions to 2011 forecasts to weigh on the shares today,” Brockton wrote.The company also said David Tilston was appointed group finance director and said it had completed a restructuring its management consultancy arm.Its Middle East operations had also stabilised, Mouchel said, after being stung last year from fall-out from the debt crisis in Dubai, where it was working on a number of engineering projects. The firm said it would focus on Abu Dhabi. John Dunne Mouchel slumps to full-year loss as austerity measures bite whatsapplast_img read more


first_img whatsapp Thursday 4 November 2010 11:38 pm Tags: NULL MAN Group saw client assets rebound more strongly than expected, boosting its shares and raising the prospect that the world’s largest listed hedge fund company can finally start winning back investors.Man – which has just bought smaller rival GLG with its $25bn (£15.4 bn) of assets to become less reliant on computer-driven funds — said it ran $40.5bn at the end of September, $1bn more than an earlier forecast.Stronger returns from Man’s flagship fund AHL have driven the recovery. AHL, the $21.9bn fund that latches onto trends in global futures markets, is named after 1980s founders Michael Adam, David Harding and Martin Lueck. The funds have recently benefited from the weakness of the dollar.“This better run from AHL combined with the potential from the GLG acquisition provides Man with strategic opportunities for the second half of 2011 and into 2012,” said Evolution’s Michael Sanderson, who yesterday published a ‘buy’ recommendation on the stock.Man declined to say whether October marked a turnaround in outflows after clients pulled out money for the eighth straight quarter in the three months to the end of September, even as the wider industry has started to win back clients. The shares surged 12.6 per cent to close at 290.8p after the announcement, having underperformed the FTSE All-Share by 24 per cent so far this year. Man said that client outflows – institutional as well as private investor money – in the three months to 30 September were $600m.The firm also said pre-tax profit for the six months to September before adjusting items was $227m, above the $215m it forecast in September.Man has said it will make $50m worth of cost savings in the aftermath of the GLG takeover and analysts are expecting around 180-200 redundancies. Share KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.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 FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raidercenter_img Show Comments ▼ whatsapp 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 MAN shares boosted by a stronger AHL last_img read more


first_img Share 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 Wrap whatsapp Show Comments ▼ Friday 12 November 2010 2:41 am Rolls-Royce warns that engine trouble will hit profit center_img whatsapp 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 TimesMagellan 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 Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Rolls-Royce has warned that problems with its Trent 900 engine – which forced on plane into an emergency landing – are likely to hit profit this year.The company has been investigating an explosion of an engine that forced an emergency landing of a Qantas A380 jet last week.Rolls Royce said the problem has been isolated to a specific component and only affects the Trent 900.It said in its announcement that profit growth may be “slightly lower” as a result.Qantas grounded its fleet of six A380s after an engine exploded on a flight to Australia on 4 November.The plane made an emergency landing in Singapore. Tags: NULLlast_img read more


first_imgTuesday 30 November 2010 8:54 pm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com 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 The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndo whatsapp THE CHILDREN’S Investment Fund has seen profits from its hedge funds tumble more than 80 per cent in the last 18 months, after its investments failed to perform. The company, run by Chris Hohn and known for its sale of a stake in bank ABN Amro to RBS shortly before its nationalisation, made pre-tax profit of £101.5m in the 18 months to February, according to papers filed at Companies House. This compares to £556.2m in the 12 months to August 2008, displaying the hedge fund’s battering in the wake of the financial crisis. Turnover has also slumped 80 per cent to £120.8m.Hohn declined to comment yesterday, but the company directors said in a statement they expect market conditions to “continue to have a material impact on the income stream of the company over the following twelve months.” Hohn’s hedgies struggle center_img Share KCS-content Tags: NULL whatsapp Show Comments ▼last_img read more


first_img Show Comments ▼ US watchdog proposes swap trader regulations KCS-content Wednesday 1 December 2010 8:23 pm whatsapp Congress meant this clause to avoid a repeat of AIG’s failure, caused by swaps and high leveraging. center_img whatsapp Share THE US futures regulator unveiled yesterday a key piece of its plan to toughen rules on trading in the vast swaps market, making clearer which firms will have to set aside more funds to cover their deals.After last-minute wrangling that underscored the strain facing agencies trying to implement the biggest financial regulatory overhaul since the Great Depression, the proposal defined which firms will be subject to capital and margin requirements as swap dealers and major swaps participants.An exempt commodity must have a book value less than $100m (£64m), have fewer than 15 swap counterparties, and less than 20 swaps as a dealer in less than a year. It is expected that only certain commodity hedgers can enter into swap agreements.The law also defines a “major swap participant”, or firms with large swap positions. The law also gives major swap participants status to participants with “substantial counterparty exposure” that may cause economic risk. More From Our Partners Native 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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Tags: NULLlast_img read more


first_img Tags: NULL Monday 24 January 2011 8:19 pm Russia’s Koks prices its IPO RUSSIAN coking coal and pig iron producer Koks will seek to raise around $520m (£325m) in its IPO, landing a windfall for its owners and kick-starting a stampede by Russian firms to the stock market.The Siberia-based company, which is planning to list existing shares in both London and Moscow, said the offering could make up at least 20 per cent of its stock and would be priced at $6.25-$8.00 a share, valuing the company at $2.6bn.Koks is one of four Russian firms expected to begin bookbuilding in London this week in a bumper start to the year for Russian company IPOs that could raise a combined $3bn — over half the total raised in the whole of 2010.Russia’s biggest sugar producer Rusagro is also reviving plans for an IPO after market volatility caused it to postpone its last attempt in May 2010.Rusagro’s IPO could also take place in London — further evidence the British capital has emerged as the favourite destination for Russian private companies.Analysts have said Russian companies could raise around $30bn in 2011 given the right market conditions, up from $5.5bn in 2010.Koks is owned by resources tycoon Boris Zubitskiy and his two sons, who the company said would keep all the proceeds from the sale of their shares in the IPO.The group said around 12.1 per cent of the overall shares would be sold by the Zubitskiys — netting the family a windfall of over $300m based on the expected income.Koks will also sell treasury shares — the cash raised from which will be invested in the company. KCS-content whatsappcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNews SharperGrab A Tissue Before You See Richard Simmons At 72News SharperDefinitionDesi 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 FarmLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsMoneyPailBurning Money: Common Cars Rapidly DepreciatingMoneyPail Share 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.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.com Show Comments ▼last_img read more


first_img Staff to work on Royal Wed day About 400 staff at a floor company have been told to work on Royal Wedding day, even though the government has declared it a bank holiday. The GMB union said that Lancashire-based Interfloor has told staff that 29 April will be treated “as a normal working day”. Anyone wanting the day off must request to take the day from their holiday entitlement, the union said. KCS-content whatsapp Monday 7 February 2011 8:43 pm Tags: NULL Sharecenter_img Show Comments ▼ 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 PastUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo 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 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 last_img read more


first_imgThursday 3 March 2011 7:16 pm whatsapp KCS-content Share Rusal snubs Norilsk’s offer to buy a 20 per cent stake whatsapp THE board of Russian aluminium giant Rusal yesterday rejected Norilsk Nickel’s offer to buy out 20 per cent of its shares, RIA news agency said, quoting sources close to the Rusal board.Last month, Norilsk offered to buy 20 per cent of its shares from Rusal for $12.8bn, which would leave the aluminium giant – majority owned by tycoon Oleg Deripaska — with a five per cent stake. The deadline for the offer is 4 March.Norilsk Nickel and Rusal could not be reached for immediate comment.Rusal’s decision to keep the stake means that the marathon fight for control of Norilsk Nickel between tycoons Oleg Deripaska and Vladimir Potanin will continue.The next round is set for 11 March, when Norilsk Nickel will hold an EGM to elect a new board.Deripaska controls 25 per cent of the company through Rusal, while Potanin holds the same amount via his Interros investment group. Show Comments ▼ More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comColin Kaepernick to publish book on abolishing the policethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Tags: NULLlast_img read more


first_imgThursday 17 March 2011 9:28 am John Dunne US inflation rate picks up speed US consumer prices rose at their fastest pace in more than one and a half years in February, driven by higher food and energy prices.The Labour Department said its Consumer Price Index rose 0.5 per cent, the largest gain since June 2009, after increasing 0.4 percent in January. Core CPI – excluding food and energy – rose 0.2 per cent after advancing by the same amount in January.Though the increase in core CPI was a touch above economists’ expectations for a 0.1 per cent gain, it suggested that surging costs for energy and other commodities, which have been hitting producers and consumers alike, had yet to generate the type of broad inflation that would spur the Federal Reserve to respond.The Fed said on Tuesday it expected the upward price pressure from commodities to be temporary but it would closely monitor inflation and inflation expectations.“I don’t think it means anything for the Fed. They’re going to probably wind up saying some of this is transitory. It won’t be sustained,” said Tom Porcelli, U.S. economist at RBC Capital Markets in New York. Share whatsapp whatsapp Show Comments ▼ Tags: NULL More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

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