BT has signed up as few as 60,000 to its sports package, say insiders

first_img Tags: NULL BT has signed up as few as 60,000 to its sports package, say insiders by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny BT’S offering of Sky Sports 1 and 2 was hailed as a lynch-pin of the firm’s transformation into a big player in the pay-TV market.But industry insiders estimate that it has only signed up around 60,000 sports customers, despite spending tens of millions promoting the service.BT Vision has struggled to compete with the might of Sky, with just 481,000 subscribers compared to Sky’s 9.8m. BT hopes its sports package, which allows customers to watch Premier League games for as little as £6.99 a month, will help it redress the balance.Sky was forced to wholesale its sports channels to rivals at a regulated price by industry watchdog Ofcom. The price is fixed to the level Sky charges its own customers.But in an audacious move, Sky wrongfooted BT on the eve of its sports launch by raising its consumer prices, meaning the former state telecoms provider will make a loss on every customer who signs up to the service.However, analyst Ian Watt from Enders Analysis says the figures are not a disaster for BT. He told City A.M.: “We never expected them to sign up droves of new customers.“The package has only been available for a month so this is perfectly respectable.“This is first and foremost a defensive move. It is shoring up its position, making sure it doesn’t keep losing customers to Sky. I don’t think it realistically expected to take many of Sky’s existing subscribers.“BT still isn’t in a position to compete with Sky. HD is the main reason at the moment, a massive selling point for Sky. And 3D looks like it will become much more mainstream soon.” whatsapp KCS-content center_img Share whatsapp Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Sunday 15 August 2010 10:39 pmlast_img read more

EURO DISNEY EXPANDS IN FRANCE

first_img Show Comments ▼ KCS-content Tuesday 14 September 2010 8:55 pm EURO DISNEY EXPANDS IN FRANCE Tags: NULL Sharecenter_img THEME park operator Euro Disney has won permission to build a third theme park, a new housing development and a holiday village in France. The company has negotiated with the French government to alter its founding agreement and extend its perimeter. Euro Disney is 47 per cent owned by the Walt Disney Company and has recently struggled financially after attendance figures dropped. whatsapp whatsapp More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comlast_img read more

US TARP cases set to continue

first_img US TARP cases set to continue The US Treasury’s $700bn bailout fund officially expires in two weeks, but Neil Barofsky, the top cop for the Troubled Asset Relief Programme, is still hard at work. He is hiring new staff and opening four regional branch offices to pursue TARP-related fraud cases and monitor remaining taxpayer investments for years to come. Barofsky, the TARP Special Inspector General, said his office staff, now numbering around 140, is expected to reach a previously stated goal of 160 in coming months and may go beyond that. whatsapp whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Sharecenter_img Sunday 19 September 2010 10:52 pm KCS-content Show Comments ▼ Tags: NULLlast_img read more

UK liquefied natural gas levels touch record highs

first_img 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 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 UK liquefied natural gas levels touch record highs Share whatsapp KCS-content whatsapp Britain’s liquefied natural gas (LNG) storage levels hit record highs, according to National Grid data, while gas withdrawals were below market expectations.LNG stock levels were 9,513 gigawatt hours (GWh), or around 903m cubic metres (mcm), which surpassed the previous record of 9,261 GWh in August, the data showed. But brimming storage may not result in high withdrawals, traders and analysts said. “Even if you have a large amount of LNG in storage, you only send out a certain amount to optimise future profits, depending on how many ships you expect in the future,” said Igor Pipkin, a gas market analyst at Norway’s Nena consultancy. “Just because you have plenty in storage, doesn’t mean you have high send-outs.” Thursday 14 October 2010 9:22 pm Show Comments ▼ Tags: NULLlast_img read more

Osborne promises affordable properties to cushion large social housing savings

first_img Tags: NULL CHANCELLOR George Osborne said yesterday that 150,000 affordable homes will be built by 2015, in a bid to ease the housing shortage. The spending review also promised to make it simpler to get permission to build new homes.The plans are intended to support private sector growth to balance out cuts to the housing welfare systems. However, some commentators were sceptical of the private sector’s ability to plug the gap. “The government’s planned cuts to local housing allowance could well result in heavy additional financial burdens on the private rented sector, at precisely the time that demand for affordable housing to rent will be increasing,” said David Salusbury of the National Landlords Association.The government has promised to reexamine its own property expenditure, having appointed Sir Philip Green to review its real estate holdings. Osborne said yesterday a pilot property management body will be rolled out in London and Bristol this year, and is set to make “substantial gains” from the government’s portfolio once rolled out nationwide. Wednesday 20 October 2010 8:21 pm Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky 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 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 Osborne promises affordable properties to cushion large social housing savings whatsapp whatsapp Show Comments ▼ Share KCS-content last_img read more

Australia ducks rates change

first_img 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 TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndo whatsapp Show Comments ▼ Australia ducks rates change Share KCS-content center_img Tuesday 7 December 2010 8:10 pm Interest rates were kept at 4.75 per cent yesterday, after the Reserve Bank of Australia (RBA) held its December meeting. In November, rates increased by 0.25 per cent. Bank governor Glenn Stevens cited inflation and growth in China and India in a speech that was slightly more hawkish than expected. However, he also said that trouble in some Eurozone economies is a concern. Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof whatsapp Tags: NULLlast_img read more

Game bullish for full-year despite fresh competition

first_img whatsapp Thursday 13 January 2011 8:00 pm KCS-content Tags: NULL Share Game bullish for full-year despite fresh competition COMPUTER games retailer Game Group posted 2.1 per cent lower like-for-like sales over Christmas and said annual profit would be within analysts expectations despite increasing competition from downloads.The company has been hit by an absence of new console launches in 2010, increased competition from supermarkets and changing gaming habits, with people increasingly playing mobile and social media games instead of buying pre-packaged titles.Game, which trades from more than 1,300 stores in Britain, Europe and Australia, said its pre-tax profit for the year to the end of January would be between £37m and £39m. It said it expected trading to remain challenging in 2011, but it had hopes that the launch of Nintendo’s new handheld 3DS and an exciting line-up of new games would boost the market. Shares closed 15.7 per cent higher at 172p yesterday as the market expected weaker figures. whatsapp 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Show Comments ▼last_img read more

Asset sales lift AIG profit

first_img KCS-content Tags: NULL Share whatsapp Bailed-out insurer American International Group (AIG) earned $11.2bn (£6.94bn) in the fourth quarter on asset sales, but charges to expand its reserves for old asbestos claims pushed its underlying operations into another loss.AIG, which was literally minutes from collapse in the fall of 2008, survived thanks to a $182bn government bailout and the divestiture of major international insurance units like Alico and AIA to remain in business.The company, led by chief executive Bob Benmosche, is hoping to begin repaying taxpayer funds with the help of an upcoming stock sale worth at least $15bn, following in the footsteps of other bailout recipients like Citigroup and General Motors.AIG’s global property insurance business Chartis, one of the key units on which it is staking its future as a private company, lost $4bn in the quarter on those asbestos reserve charges, which had been previously announced. AIG said it earned $11.18bn, compared with a year-earlier loss of $8.87bn. The profit in the most recent quarter included a one-time net gain of more than $16bn on asset sales. AIG had said in November it would record a “material gain” on the sale of Alico to MetLife. Thursday 24 February 2011 9:08 pm More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding 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.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com whatsapp Show Comments ▼ Asset sales lift AIG profit last_img read more

Only 4.2pc of top bankers are women

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald ONLY 17 of the top 220 most senior bankers on investment banks’ executive committees or equivalent are women, according to research published yesterday.The study, carried out by Financial News, shows that women make up just eight per cent of banks’ executive, corporate and investment banking committees – fewer than one female member for each of the 20 banks surveyed.When women do rise to the top, it tends to be in human resources or communications roles, rather than straight banking positions. Excluding such roles, only nine out of 212 senior investment banking executives are women – just 4.2 per cent. A specific breakdown of the investment banking statistics reveal the least female representation of all, with women better represented on group boards or group executive committees than in specific investment banking divisions.Five of the banks surveyed had no women on the executive committees that run their banking divisions. Deutsche Bank, Barclays Capital, RBC Capital Markets, Jeffries and Mediobanca all have male-only boards, with a further six banks that have appointed just one woman to the committees. Swiss bank Credit Suisse fared a little better in the research, with four women sitting on its 16-person corporate and investment banking board, including finance chief Lara Warner, and credit officer Sharon Meadows. Nomura declined to name the members of its investment banking committee, but said that three of the 17 were women, with Clara Furse the sole female member of the Japanese bank’s group board. The study also draws attention to new French legislation passed in January, which introduces quotas that require businesses to have a minimum of 20 per cent of their board made up of women, rising to 40 per cent within six years. The UK has so far shied away from quotas, with key figures such as Lord Davies and Lord Myners insisting they are unnecessary in order to reach the desired figures. Share Monday 28 March 2011 8:41 pm Show Comments ▼ whatsappcenter_img Only 4.2pc of top bankers are women KCS-content More From Our Partners Brave 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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com whatsapp Tags: NULLlast_img read more

Nestle in deal for stake in China food firm

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe Nestle in deal for stake in China food firm John Dunne Nestle, the world’s biggest food company, agreed to take a 60 per cent stake in China’s Yinlu Foods Group for an undisclosed price, becoming the latest multinational to target China’s fast-growing food and beverage sector.Family-owned Yinlu had sales of about 750 million Swiss francs (£515.9m ) in 2010, Nestle said in a statement on Monday. Nestle did not disclose financial details of the deal and said it was subject to regulatory approval in China.Yinlu, from China’s southeastern Fujian province, is known for its peanut milk and instant porridge products.Analysts said the deal is most likely to be approved because Yinlu operates in a niche segment of the market despite being a brand with a large regional presence.In 2009, China’s regulators killed Coca Cola’s bid to buy well-known juice maker China Huiyuan Juice Group (1886.HK) for $2.4bn (£1.4bn), on monopoly concerns.Huiyuan’s 2010 revenue was smaller than Yinlu’s at 3.71 billion yuan (£349bn).“There is a decent chance the deal with get approved because it is not a complete takeover. But there will still be some regulatory scrutiny because right now the government is wary of foreign companies making too much money here,” said Shaun Rein, managing director of China Market Research Group.Marie Jiang, an analyst at Shanghai-based research firm Pacific Epoch, said Yinlu is a giant regional brand, whereas Huiyuan was more famous because it had a larger presence in first-tier cities.Big global food conglomerates have spent the last few years researching and coming up with products for the Chinese market. Earlier in the year, Coca Cola said its made-for-China juice brand Minute Maid Pulpy had become a $1 billion brand globally.The trend is likely to continue as rising incomes spur Chinese consumers to become more selective about the products they use.Analysts said the deal is beneficial to both Nestle and Yinlu. It provides Nestle a way into a different market segment and lower-tier cities.The deal gives Yinlu the expertise, backing of a much bigger brand and exposure to upper-tier cities.Nestle has been operating in China for more than 20 years and employs 14,000 people. Share Show Comments ▼ 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrapcenter_img whatsapp Monday 18 April 2011 5:27 am whatsapp Tags: NULLlast_img read more