Sunday, August 23, 2015

ABN Amro conducts profit firmly – NU.nl

Apart from one-off items is almost double compared to the same period last year. It is the best result since ABN Amro in its current form.

For the Dutch state, which nationalized ABN at the height of the credit crisis in 2008, the cash register rings. The bank indicated Friday to pay an interim dividend of 350 million euros to its sole shareholder. ABN is currently preparing for a return to the stock market.

The preparations for the IPO are as CEO Gerrit Zalm on schedule. He reiterated that ABN’s ready, but when the bank right back on the Damrak, is Finance Minister Jeroen Dijsselbloem.



Operating result

Also the operating profit increased, 16 percent to 879 million euros. Interest income also were on the rise due to mortgage refinancing and growth in the commercial loan portfolio. However there were higher costs for pensions, especially in front.

CEO Gerrit Zalm said ABN is well on track to meet its targets for 2017. He said inter alia the improved financial performance and favorable outlook for the Dutch economy.



Capital Requirements

Like other banks ABN braces for stricter capital requirements by regulators. But that’s no reason to put the shareholder dieting. The bank this year will 40 percent of the profits and adds 60 percent to the capital reserve. ” We can

afford it, ” said Salmon.

ABN benefited last quarter of the better running Dutch economy. Thus did a lot less money to be put aside for possible losses on loans. Loan loss provisions were 34 million euro even at ‘exceptionally low’ ‘. A year earlier added yet tenfold in the contingency fund.

The decisive factors for the whole 2015 the low amount is not, says financial director Kees van Dijkhuizen. Prior provisions have not been necessary and could be reversed. Those are incidentals, highlights the driver.



Corporate loans

The economic recovery helped especially the division that provides loans to large corporate customers in more profits. But also in smaller companies detects ABN signs of recovery.

The number of loan applications for the first time in years increased slightly due to the increased confidence in the economy, a greater proportion would be successful.

ABN saw both interest income and revenues from services increased. Total revenues increased 11 percent to 2.1 billion euros

By:. AFN

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Saturday, August 22, 2015

Ryanair loses lawsuit over compensation to customers – NU.nl

A court in the British Manchester on Friday ruled that passengers until six years after date one can claim compensation for delays, and not two years as the airline would want.

Ryanair will definitely appeal. Irish budget airline takes a period of six years’ neither necessary nor reasonable “. According to Ryanair travelers renounce their right by accepting the conditions of society. However, the court ruled that the applicable European regulations.

This says that travelers can turn to six years after the delay to their society to demand up to 600 euro per person in damages. It must be such a delay of at least three hours, which was not due to exceptional circumstances such as weather or security.

The application of the decision would be millions of travelers committed to put to turn to Ryanair a

delay from the past. That would be the company estimates 856 million lawyers can charge.

The case in Manchester was filed by six passengers from a flight on March 6, 2008 between the Spanish Reus and London. Their flight had a delay of nine hours and fifty minutes. However, the complaint was not submitted in January 2014, or five years and eight months after the flight

. <- Block: | article link end ->

By: Reuters

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“Ryanair must pay compensation to customers’ – Telegraaf.nl

MANCHESTER –

Ryanair faces up to 610 million pounds (856 million euros) have to pay compensation to passengers. A court in the British Manchester on Friday ruled that passengers until six years after date one can claim compensation for delays, and not two years as the airline would want

.

Ryanair will definitely appeal. Irish budget airline takes a period of six years’ neither necessary nor reasonable “. According to Ryanair travelers renounce their right by accepting the conditions of society. However, the court ruled that the applicable European regulations.



exceptional

This says that travelers can turn to six years after the delay to their society to up to 600 euro per person in damages requirements, provided that it is a delay of at least three hours, which was not due to exceptional circumstances such as weather or security.

The application of the decision would be millions of travelers committed to put into Ryanair to apply for delays from the past. That would be the company estimates 856 million lawyers can charge.

The case in Manchester was filed by six passengers from a flight on March 6, 2008 between the Spanish Reus and London. Their flight had a delay of 9 hours and 50 minutes. However, the complaint was not submitted in January 2014, or five years and eight months after the flight

.

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Employers feel nothing for longer paternity leave – AD.nl

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China to sink AEX – Telegraaf.nl

Just like yesterday, the AEX was today firmly down. Investors sold massively equities on concerns over China and oil prices. Boskalis and Ahold evaded the negative sentiment, due to better than expected quarterly earnings

.

The AEX closed 2.2% lower at 459, 2 points. The AMX fell 1.6% to 665.3 points.

Elsewhere in Europe the markets were also hard down. Paris and Frankfurt lost 2.1% and 2.3%.

Asset Jan-Willem Nijkamp of Fintessa writes persistently poor stock market mood mainly to the uncertainty over China. ,, No one knows exactly what the situation is there, as the Chinese figures are not 100% reliable. That the Chinese government scholarship has been supporting for months with acrobatics, thinking gives and makes investors wary. “

Investment Strategist Simon Wiersma ING adds. ,, Concerns about a slowdown in China translate a decline in commodity prices. And this turn will lead to lower economic growth in other emerging markets. I am however not think China is off to a currency war. A further devaluation of the renmindi provides a much larger capital outflows, which can Do not use the land. “

Wiersma also points out that investors in the grip of an upcoming rate hike in the US ,, Judging from the minutes of the Fed itself I do not think this is already in September. The more so, because commodity prices since the last policy meeting further sunk. Long-term interest rate increase is however not bad, because the cheap money now unprofitable companies maintaining them. “

Nijkamp excludes certainly not that the stock market climate in the coming weeks remains poor. ,, August and September, after all, are traditionally the worst months of the year. In October, you can use a recovery. The outlook for equities in the long term remains positive fact. “

According to Wiersma, much depends on the macro data and commodity prices. ,, A recovery in commodity prices, especially of oil also can provide a better market climate. For now it does appear that volatility remains high. “



Boskalis wins by strong figures

At the main funds ended cable company Altice with a minimum of 5.8% down. Earlier this year, the acquisition machine was still enormously popular, , but now investors are worried about the massive debt.

Insurer Delta Lloyd and specialty chemicals company DSM followed with minuses of 4% and 3.9%.

Maritime service Boskalis excelled with an increase of 8,8%, due to net income for the first half was higher than many analysts had anticipated.

Ahold gained 2.1%, in response to better than expected over the second quarter. SNS Securities saw Following the advice to ‘buy’ to pull up.

Arcelor Mitta I held up well, helped by the sharp decline of the Kazakh currency. The steelmaker would also want to implement a new cost surgery

Biggest descender was among the medium-sized stocks Fagron with a loss of 7.9%. Since the publication of disappointing interim results last week allows the supplier to the medical sector under considerable pressure.

Construction company Bam published a better than expected half-year profit and popped 8.9% up.

Grand Vision gained 4.3% on quarterly beautiful. ING, Rabobank and Theodoor Gilissen reiterated their buy recommendations for the optical chain.

After the firm tap yesterday in response to disappointing interim figures lost smallcap Heijmans a further 14.8%.

Investors punished the weak data of automation Ordina with a loss of 11.8%.

ICT Automatisering came with better figures for outside, but saw its course due to bad stock market conditions nevertheless fell by 2.3%.

The manufacturer of electromagnetic components Kendrion did not entirely live up to expectations and lost 1.9% .

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20-08-2015, 18:55
Theunis (guest)

But thankfully goes very well with our economy. This does not affect us, according to the government. How naive can you be.

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20-08-2015, 18:54
dnnis (guest)

China? How about just gold and silver where it suddenly pops up en masse, now all the currency and equity markets are collapsing? Currency has no value, because the world is constantly in printed without the necessary cover them with anything of value (eg gold).

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image of Dalian Li
20-08-2015, 18 49
Dalian-li

Stock market traders think differently about economic progress if our government, .. that’s for sure. The euphoria over housing prices is unfounded and we gurgle slowly but steadily for the next crisis. Our government has no idea, it seems ..

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image of romanov848
20-08-2015, 18:48
romanov848

Yes, even panic so again can turn into a run on stocks that are cheap now. Because where else gives you something to yield 0.99% on the couch? But it’s been so hard. Allow only 10% of the profits since January.

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20-08-2015, 18:30
A g (guest)

We live in one very dangerous period. We have the crises ‘solved’ with the same recipe (from nothing to print money) look at the commodities market, allee’s has become cheaper (surplus and less demand) is one pyramid game which again do not know in history! I’m glad I do not have children, but I fear for what is to come. You can feel the tension all over; Russians, IS, the EU and the ‘refugees’ people be warned and ride for you

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20-08 -2015, 18:17
Pelle (guest)

still going so well. Apparently not yet. The self-appointed analysts lie and cheat as bad as the politicians.

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picture of J boogaard
20-08-2015, 18:03
j boogaard

Logical, casino aeronautical beroepszwenedelaars.

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  • image of FFFemke
    20-08-2015, 18:00
    FFFemke

    Fortunately, the economy is booming, if you’re to believe a government which does nothing else but lie.

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    20-08-2015, 17:58
    arenaboy (guest)

    Sit quietly and do not panic. Patience and the AEX will slowly move back towards the 500

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    image of vogelscor
    20-08-2015, 17:57
    harry hilversum

    Indeed! … A little cash in your pocket does not hurt, because many, self-named securities analysts were not high ‘blue dress’ content during their fantastic predictions ? …. But hey! .. Their predictions are almost as reliable as a weather man / woman! …. That last category I take seriously! …..

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    image of john28
    20-08-2015, 17:56
    john28

    is obviously the result of increased consumer confidence and in an upward spiral seated Dutch economy, what are we being lied anyway.

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    20-08-2015, 17:53
    Holbert (guest)

    The companies can not continue to manipulate the figures, paper is patient. And just continue to say that the economy is doing well, people have no purchasing power? That is now seven years after the crisis twice over by count, no trust, through all the cuts and tax increases. Is waiting for the next blow, sit back in the eve as in 2007. Raw materials, oil, etc. on the depth point, now follow the fairs!

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    20-08-2015, 17:52
    R of ter Beek (guest)

    What crazy a few years ago was done there still laugh about China. And especially about the fair what it was nothing.

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    20-08-2015, 17:52
    Roubini (guest)

    This malaise is a direct result of the interest rate policy of the central banks and the charging of the crisis, such as in Greece by Jan modal, retirees and other people who succumb monthly among higher taxes of our political friends or threaten to collapse. Governments continue to pile up debt without need that any proper purpose. The 0% interest rate policy is deadly, CB also now have no weapon with hands. How stupid can you be

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    20-08-2015, 17:50
    n.ramas (guest)

    Do you get it yet. The Chinese are fooling a few months, then heard nothing of the impact o the aex. All eyes were focused on greek country. Then an agreement was in the air shot to aex to 500. Now it’s something quiet and evenly or china addressed to shoot panic. They make each other mad at the fair.

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    20-08-2015, 17:50
    maik (guest)

    The bubble is about to explode. Around the world, economies shrink, fall fairs and there are zillion other crises.

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    20-08-2015, 17:49
    . Peter (guest)

    Now I hear no one to tax tax equity returns. For this so are the risks of investing, and equally and it is another negative year for investors.

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    20-08-2015, 17:49
    ba of rigid side (guest)

    Oh we’re going to help, Mark do what these arms thunders.

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    20-08-2015, 17:47
    Mickyt (guest)

    So a bunch of rich stinkers, now stink less ………

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    20-08-2015, 17:44
    Asten (guest)

    Beginning veeel even further down in the coming period. People are lying and deceiving sick about the economy!

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    20-08-2015, 17:41
    Rob1967Haarlem (guest)

    The system thunders finally together! Only Rutte and his cronies know obviously not yet. They go merrily along with the CBS show good news!

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    20-08-2015, 17:38
    Louiset (guest)

    oh yes they said the crisis is over, he begins, three million elderly people can not financially more legs which are many Dutch, sad, but think that the stock market goes back down, because it is still far from over, according to the Government, it is better, but I do not hit, rent increases tax increases to bear interest at the bank etc etc, make the chest but wet because there is still much more crisis, which many asylum seekers as well, taking all of us

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    20-08-2015, 17:38
    Show Janssen (guest)

    Even they know that those 86 billion and the rest of the 300 billion never scary never comes back and he called on the the economy is turning again. }

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