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U.S. shares too absorbed $1.8 billion but Europe has posted outflows in 32 of the past 33 weeks. BAML said despite big market falls recently and signs of investor buying interest, it was too soon “to flip from bearish to bullish”. “Big picture explanation - it’s late-cycle and Fed is tightening. Cyclical explanation - peak positioning, peak profits, peak policy stimulus = peak prices in 2018,” the bank’s analysts added. But noting that 70 percent of world stocks had been in bear territory in 2011, they said if the selloff turned out not to be a harbinger of recession, it could signal an excellent entry point in the coming weeks or months.
LONDON (Reuters) - Retail billionaire Philip Green, one of Britain’s most prominent businessmen, was named in parliament on Thursday as having taken legal stainless steel soft rectangle infinity engravable cufflinks action to try to prevent publication of allegations of sexual harassment against him, The Telegraph newspaper said on Wednesday that a leading businessmen had been granted an injunction by a British judge preventing it from identifying him and publishing details of alleged sexual harassment and racial abuse of staff, In a statement, Green denied having broken the law and said his businesses fully investigated employee grievances..
“To the extent that it is suggested that I have been guilty of unlawful sexual or racist behavior, I categorically and wholly deny these allegations,” he said in a statement issued by a media representative. The case has been cast in the British media as an example of powerful men using money and lawyers to cover up allegations of sexual harassment. Labour politician Peter Hain used a speech in the upper house of the British parliament, the House of Lords, to name Green. Under Britain’s system of parliamentary privilege, members can speak freely and their comments can be reported by the media.
“I feel it’s my duty under parliamentary privilege to name Philip Green stainless steel soft rectangle infinity engravable cufflinks as the individual in question,” Hain said, “The media have been subject to an injunction preventing publication of full details of a story which is clearly in the public interest.”, In his statement, Green said his Arcadia group, which owns TopShop, sometimes reached confidential legal settlements in response to employees’ formal complaints, in common with other large businesses, “These are settled with the agreement of all parties and their legal advisers, These settlements are confidential so I cannot comment further on them,” he said..
The Telegraph had described the case as “the British #MeToo scandal which cannot be revealed.”. The #MeToo movement began in the United States last year in response to accusations of sexual harassment and abuse by powerful men in the entertainment industry including film producer Harvey Weinstein. Green, 66, became one of the Britain’s best known retailers when he bought department store group BHS in 2000 and TopShop owner Arcadia in 2002. The entrepreneur, once known as ‘king of the high street’ was knighted by Queen Elizabeth. But his reputation was damaged by the collapse of BHS after he sold the chain for 1 pound in 2015 to a businessman who had formerly been declared bankrupt.
LONDON (Reuters) - Britain’s honors committee constantly reviews evidence, Prime Minister Theresa May’s spokeswoman stainless steel soft rectangle infinity engravable cufflinks said on Friday when asked whether businessman Philip Green should be stripped of his knighthood, “The committee is independent ., they are constantly reviewing evidence in relation to matters like this,” the spokeswoman told reporters, Retail billionaire Green, one of Britain’s most prominent businessmen, was named in parliament on Thursday as having taken legal action to try to prevent publication of allegations of sexual harassment against him..
FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) has held an initial meeting to discuss plans for the flotation of its trucks unit Traton, set to be Germany’s biggest of 2019, after hiring a quartet of banks to manage the potential 6 billion euro ($6.8 billion) IPO, people close to the matter said. Roughly 80 bankers, lawyers and representatives of Volkswagen and Traton came together last week for a kick-off meeting to discuss strategy in marketing shares of the maker of trucks under the MAN, Scania and VW brands to potential investors, the people added.
JP Morgan (JPM.N), Goldman Sachs (GS.N), Deutsche Bank (DBKGn.DE) and Citi (C.N) have been mandated as global coordinators of the listing, while law firms Freshfields and Linklaters are also helping to prepare the deal, they added, Volkswagen, the banks and lawyers declined to comment or were not immediately available for comment, Europe’s leading carmaker wants Traton to be in shape by year-end for a potential stock market listing, which is expected to take place in the second quarter stainless steel soft rectangle infinity engravable cufflinks of 2019..
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