Sunday, February 1, 2015

Germany's Otto says currencies weigh on earnings - Handelsblatt



FRANKFURT (Reuters) – Germany’s Otto [OTTOG.UL], Europe’s second-biggest e-commerce company, expects a “painful drop” in earnings for the 2014/15 fiscal year as the weak Russian rouble and euro weigh, its chief executive told the newspaper Handelsblatt.


The Otto Group, a mail order firm founded in 1949 which made the shift into e-commerce, will lose money in Russia in the fiscal year ending this month, Hans Otto-Schrader told Handelsblatt in an interview to be published on Monday.


Otto-Schrader said the group’s results were also hit by the weak euro as it buys its textiles in dollars. “We think that we will not be able to pass on these higher purchase prices to our customers,” he was quoted as saying.


Still, Otto-Schrader said, the privately held company does not plan to scale back investment.


Otto is targeting group sales of 8 billion euros (6 billion pounds) by 2015 and is investing 300 million euros in its online business to that end, including in new software for the OTTO website, mobile payments firm Yapital and other start-ups in e-commerce.


Otto is also facing stiff competition in its home market from Amazon and online fashion retailer Zalando.


(Reporting by Harro ten Wolde; Editing by Hugh Lawson)





Germany's Otto says currencies weigh on earnings - Handelsblatt

Egypt antiquities showman tells the world it's safe to visit



KRUGERSDORP, South Africa (AP) — Egypt‘s best-known archaeologist is a passionate showman with an explorer’s fedora who joined the last, doomed Cabinet of President Hosni Mubarak, then resigned in a swirl of corruption allegations after the 2011 revolution ousted his patron. Admired or reviled, he is once again a frontman for Egypt, exhorting international audiences to see the heritage of a country where unrest has hit tourism hard.


“Egypt is safe,” Zahi Hawass declared last week at a South African casino complex where schoolchildren roamed an exhibition of replicas of King Tutankhamun’s treasures. Egyptian hotels and antiquities sites are secure, said Hawass, who planned to welcome a tour group of 120 Americans to Egypt at the end of January.


Tourism is resurfacing, but it is a hard sell. The uprising that toppled Mubarak, the 2013 military ouster of Islamist President Mohammed Morsi, and sporadic violence have slammed the key Egyptian industry. On Thursday, militants killed 31 security force members in the restive Sinai Peninsula. On Jan. 24, a female activist was shot dead by police during a peaceful rally near Tahrir Square in Cairo, according to witnesses.


The Egyptian Museum, home to King Tut’s gold mask, lies near Tahrir Square, the epicenter of the 2011 protests. Hawass was then antiquities minister, assuring journalists that Egypt’s heritage was mostly intact despite some looting and damage. A stalwart of the old regime, he soon left his post and was besieged by allegations that he abused his position for personal gain.


“The devils came out of the sewage. They hurt me a lot,” Hawass said of his detractors in an interview with The Associated Press. He said it took two years to clear his name.


In his heyday, 67-year-old Hawass was a domineering charlatan to some and, to others, an animated Egyptologist whose antics and ebullience enlivened the staid world of archaeology for a global audience. He once starred in a TV show about his exploits and still wears a wide-brimmed hat, Indiana Jones style, to desert digs.


Now on the lecture circuit, the silver-haired archaeologist was greeted at a Johannesburg airport by a model in mock ancient Egyptian attire, miniskirt included. He told enthralled children he was a “mummy hunter” and gave two rollicking lectures at Silverstar Casino in Krugersdorp, near Johannesburg.


“When you discover a mummy, the media will run after you,” Hawass said to laughter while displaying an image of him inspecting a sarcophagus, surrounded by cameras.


In the AP interview, Hawass questioned the Egyptian Museum’s recent use of epoxy, which can be hard to remove, to glue back a blue and gold braided beard that had been detached from Tutankhamun’s burial mask. The beard was accidentally knocked off last August during work on the relic’s lighting, according to a German expert summoned to Cairo to examine it.


A thin piece of wood can be inserted into a hole in the beard and used to connect the mask parts without the need for other “material,” Hawass said. He added that he “called the people in Egypt” and urged them to inform the public about the case.


Few dispute that Hawass can be a grandstander with a pyramid-sized ego, but many scholarly peers respect what he has done for Egyptian archaeology, which is severely underfunded and under threat from illegal excavations by looters.


Hawass’ resignation as antiquities minister made no difference to his productivity as an archaeologist, and he now has time to publish his findings, said Salima Ikram, professor of Egyptology at the American University in Cairo. As to whether Hawass can return to his old job, Ikram said: “One never knows.”


Dr. Robert Littman, a trustee of the Archaeological Institute of America, said Hawass popularized Egyptian antiquities and helped give Egyptians a sense of pride in their past.


“He was able to raise money to help get the new museum built out at Giza,” Littman said. The Grand Egyptian Museum, under construction near the Giza pyramids, is scheduled to open in 2018 and will eventually house the treasures of King Tut’s tomb. The foundation stone was laid in 2002.


Hawass’ career reflects Egypt’s shifting political fortunes. He harshly criticized the Muslim Brotherhood, the target of a crackdown after Morsi’s overthrow, and praised President Abdel-Fattah el-Sissi, the former military chief elected last year.


“Egypt always needs a military man, since 4,000 years ago,” Hawass said. “An army leader is needed now to bring stability to the streets of Egypt.”


The archaeologist, soon to tour the United States, said dismissively that his successors in government have done “nothing” for the national heritage since his departure.


“You can’t hide me,” Hawass said. “I put Egypt at the top of the whole world.”





Egypt antiquities showman tells the world it's safe to visit

Appeal To Find Doctor Who Helped Ted Robbins



The wife of comic actor Ted Robbins has appealed for help in tracing a doctor who helped her husband after he collapsed on stage.



Robbins fell ill during the opening night of a revival of Peter Kay’s Phoenix Nights live show.



The medic, who was in the audience, then came to his aid.



The 59-year-old star, who plays Den Perry in the show, reportedly clutched his chest, stumbled and fell to the ground whilst performing a solo section.



The curtain was closed immediately as staff rushed to the stage with medical equipment before the show was cancelled.



In a message to fans on his Facebook page, his wife Judy praised the treatment of the NHS and appealed for help in tracing the doctor.



She said: “We are so incredibly grateful for everyone’s support and we would love more than anything to find out who the doctor was out of the audience who (gave) such fantastic treatment.”



She added the actor was “doing well” and will be “fit and healthy soon”.



Judy Robbins said: “He is in some pain due to bruising on his ribs from chest compressions but other than that he is doing well.



“Ted had rheumatic fever when he was a child which left him with some heart damage so we have always been aware that he would need a routine procedure to correct.”



She also thanked fans for their messages of support, adding: “He will be fit and healthy again soon. God bless all the NHS staff that are doing such a fantastic job.”



His sister Kate Robbins wrote on Twitter: “My brother Ted was taken ill on stage. He’s been taken to a local hospital. Thank you for all your good wishes and concern. He’s a fighter”.



Members of the audience used the site to express their shock.



Tom Peck, a sports writer for The Independent newspaper, tweeted: “Horrible atmosphere at phones4u arena. Sold out for Peter Kay’s Phoenix Nights. Show cancelled as actor Ted Robbins collapses on stage.”



Dave Swanton wrote: “Thoughts are with my mate Ted Robbins taken ill during the opening night of Phoenix Nights. Get well soon pal”.



Steve Ens said: “Truly hope Ted Robbins is ok … Just watched him collapse on stage at the Phoenix Nights show. Best wishes to him & fellow cast members.”



The Channel 4 series has been brought back for a live show to raise money for Comic Relief.



Robbins was reprising his role as the main “villain” from the show, in which he burned down the Phoenix club.



The actor, who lives in Lancashire with his two children, has appeared in Brookside, Doctors, Holby City, Little Britain and Coronation Street.



He is currently playing Barry Quid in the revival of Birds Of A Feather and plays the governor of a fictitious prison in the CBBC programme The Slammer.




Source Article from https://uk.news.yahoo.com/phoenix-nights-actor-collapses-stage-000441052.html



Appeal To Find Doctor Who Helped Ted Robbins

Boots Boss: Miliband Would Be A 'Catastrophe'



The boss of Boots has said Labour leader Ed Miliband would be a “catastrophe” for Britain if he became prime minister.



Stefano Pessina said Mr Miliband’s plans were “not helpful for business, not helpful for the country and in the end it probably won’t be helpful for them”.



Mr Miliband has also come in for criticism from within the Labour fold, with donor John Mills launching a fresh attack on the party’s direction.



Mr Pessina, who is acting chief executive of Boots, told The Sunday Telegraph: “If they acted as they speak, it would be a catastrophe.



“The problem is would they act that way or not?



“One thing is to threaten and to shout but it is completely different to be in charge and to manage the country day to day.”



But Labour peer and former Middle East envoy Lord Levy said the comments were “ill-advised” and “inappropriate”, adding many Boots customers were Labour supporters.



Lord Levy, the party’s former chief fundraiser, also told Sky’s Dermot Murnaghan that he would not rule out raising money for Mr Miliband.



Mr Pessina also warned Britain leaving the European Union would be a “big mistake”.



David Cameron has promised an in/out referendum by the end of 2017 if he is returned to power after polling day on 7 May.



Former health secretary Alan Milburn said earlier this week that the party’s focus on extra funding for the NHS without plans for reforms could prove to be a “fatal mistake”.



Mr Miliband’s election chief Lucy Powell said attacks on Labour from its own side were “not helpful” and she said she disagreed with Mr Milburn.



She told Sky’s Dermot Murnaghan: “We’ve got a strong agenda about reforming the NHS to ensure people are looked after at home rather than turn up at hospital unnecessarily.



“When I read some of the newspapers today, I think it says more about the agendas of some of those newspapers than it does about how colleagues and how Labour activists are really feeling.”



She said they were feeling “pretty confident because here we are with three months to go until the election. This is our election to win and we are ahead in the polls”.



And Labour’s election strategist and shadow foreign secretary Douglas Alexander dismissed Mr Pessina’s claims, calling them “rubbish”.



He told BBC One’s Andrew Marr Show: “We are going on to victory.”



Mr Mills, the founder of JML and Labour’s biggest individual donor, endorsed Mr Milburn’s warning and underlined his criticism of Labour’s mansion tax plan.



Mr Mills told the Mail on Sunday: “I agree with Milburn – if you look at the Continental model, they have a much greater mix of public and private provision.”



He added: “I am not convinced of the case for a tax on expensive properties. And it certainly should not be hypothecated for the NHS.



“It would be much better to introduce extra council tax bands and spend the money on local needs, such as affordable housing.”



The editor of the New Statesman, Jason Cowley, also renewed his criticism of Mr Miliband.



He told the Mail that the mood of Labour MPs is “not so much one of despair, it’s worse than that resignation”.



The party appeared to be “willing itself to defeat”, Mr Cowley added.



Chancellor George Osborne seized on Mr Pessina’s remarks.



He said: “This is a clear warning from the head of one of Britain’s biggest employers about the economic catastrophe the UK would suffer if Ed Miliband’s policies were put into effect.



“The price of this catastrophe would be paid by families across the country who would see their jobs and incomes put at risk.”




Source Article from https://uk.news.yahoo.com/boots-boss-miliband-catastrophe-012311055.html



Boots Boss: Miliband Would Be A 'Catastrophe'

Greek coalition ally seeks tax amnesty to get cash back to banks



ATHENS (Reuters) – The junior partner in Greece’s ruling coalition plans to propose a tax amnesty on undeclared income deposited in Greek banks in a bid to reverse the rising tide of funds fleeing the country, the party’s leader said in an interview published on Sunday.


Panos Kammenos, the head of the right-wing Independent Greeks party in Prime Minister Alexis Tsipras’s anti-bailout government, said he would propose legislation cutting the tax on such income to 15 percent from 42 percent with an exemption on further taxes for the next four years.


“As far as banks and their liquidity is concerned, I believe the climate will improve soon,” Kammenos told the weekly Real News newspaper.


“A measure that we will propose to the government is the possibility of depositing cash whose origin cannot be warranted at banks subject to a 15 percent tax and with depositors being exempted for the next four years.”


Greek banks have been hammered in recent weeks as the prospect of a stand-off with the country’s international creditors prompted savers to withdraw cash. Deposits fell in December for the third straight month and bankers expect the trend to have accelerated in January.


(Reporting by Angeliki Koutantou, Writing by Deepa Babington)





Greek coalition ally seeks tax amnesty to get cash back to banks

Dornan hopes Grey role is passable



Fifty Shades of Grey star Jamie Dornan has said he hopes to be “the closest thing” to the Christian Grey imagined by novelist EL James.


The 32-year-old takes up the role in the much-hyped film adaptation of the best-selling “mummy porn” yarn, which will be released the day before Valentine’s Day.


It tells the story of the sadomasochist relationship between wealthy entrepreneur Grey and college student Anastasia Steele.


Asked if he felt he had lived up to James’s fantasies, the former Dior model, from Northern Ireland, told the Sunday Times Culture supplement: “Nobody can walk in and embody what she wants. It doesn’t exist.


“But I hope I’m the closest thing. I hope I’m a good enough actor, and it’s passable.”


The father-of-one also said that although the film is sexual, he does not believe it is pornographic or even erotic.


“I just wouldn’t use the word ‘erotic’ – it brings up different ideas for me.


“I just think we tried to make a good picture, you know?”


The series of three Grey books written by James, 51, from London, has reportedly sold over 100 million copies worldwide and has been translated into 52 languages.





Dornan hopes Grey role is passable

Boots Boss: Miliband Would Be A 'Catastrophe'



The boss of Boots has said Labour leader Ed Miliband would be a “catastrophe” for Britain if he became prime minister.



Stefano Pessina said Mr Miliband’s plans were “not helpful for business, not helpful for the country and in the end it probably won’t be helpful for them”.



Mr Miliband has also come in for criticism from within the Labour fold, with donor John Mills launching a fresh attack on the party’s direction.



Mr Pessina, who is acting chief executive of Boots, told The Sunday Telegraph: “If they acted as they speak, it would be a catastrophe.



“The problem is would they act that way or not?



“One thing is to threaten and to shout but it is completely different to be in charge and to manage the country day to day.”



But Labour peer and former Middle East envoy Lord Levy said the comments were “ill-advised” and “inappropriate”, adding many Boots customers were Labour supporters.



The party’s former chief fundraiser told Sky’s Dermot Murnaghan that he would not rule out raising money for Mr Miliband.



Mr Pessina also warned Britain leaving the European Union would be a “big mistake”.



David Cameron has promised an in/out referendum by the end of 2017 if he is returned to power after polling day on 7 May.



Former health secretary Alan Milburn said earlier this week that the party’s focus on extra funding for the NHS without plans for reforms could prove to be a “fatal mistake”.



Mr Miliband’s election chief Lucy Powell said attacks on Labour from its own side were “not helpful” and she said she disagreed with Mr Milburn.



She told Sky’s Dermot Murnaghan: “We’ve got a strong agenda about reforming the NHS to ensure people are looked after at home rather than turn up at hospital unnecessarily.



“When I read some of the newspapers today, I think it says more about the agendas of some of those newspapers than it does about how colleagues and how Labour activists are really feeling.”



She said they were feeling “pretty confident because here we are with around three months to go until the election. This is our election and we are ahead in the polls”.



And shadow foreign secretary Douglas Alexander dismissed Mr Pessina’s claims, calling them “rubbish”.



He told BBC One’s Andrew Marr Show: “We are going on to victory.”



Mr Mills, the founder of JML and Labour’s biggest individual donor, endorsed Mr Milburn’s warning and underlined his criticism of Labour’s mansion tax plan.



Mr Mills told the Mail on Sunday: “I agree with Milburn – if you look at the Continental model, they have a much greater mix of public and private provision.”



He added: “I am not convinced of the case for a tax on expensive properties. And it certainly should not be hypothecated for the NHS.



“It would be much better to introduce extra council tax bands and spend the money on local needs, such as affordable housing.”



The editor of the New Statesman, Jason Cowley, also renewed his criticism of Mr Miliband.



He told the Mail that the mood of Labour MPs is “not so much one of despair, it’s worse than that resignation”.



The party appeared to be “willing itself to defeat”, Mr Cowley added.



Chancellor George Osborne seized on Mr Pessina’s remarks.



He said: “This is a clear warning from the head of one of Britain’s biggest employers about the economic catastrophe the UK would suffer if Ed Miliband’s policies were put into effect.



“The price of this catastrophe would be paid by families across the country who would see their jobs and incomes put at risk.”



Amid the criticism, the party has said its campaign for the general election will focus on issues, not personalities.



David Cameron would not feature on any of its billboard posters, election strategist Douglas Alexander said.



Mr Alexander, who is also shadow foreign secretary, claimed the Conservatives would “plumb new depths” in the coming weeks and were preparing to spread “falsehood, fear and smear”.



Instead, Labour will avoid old fashioned campaigning and take its message directly to voters, Mr Alexander insisted.





Boots Boss: Miliband Would Be A 'Catastrophe'