first_imgWednesday 1 September 2010 8:21 pm Show Comments ▼ KCS-content whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share GENERAL?ELECTRIC could spend up to $30bn (£19bn) on acquisitions over the next two to three years while continuing to raise its dividend and buy back shares, a top official said yesterday.But John Rice, a vice chairman of the largest US conglomerate, cautioned that “$30bn-ish” figure is not a commitment to spending.“That doesn’t mean that we’ll spend that money; it doesn’t mean that we won’t do more with the dividend or with the buyback,” Rice, who heads the company’s technology infrastructure unit, told investors.“If we were to conclude that there aren’t the deals out there that make sense, we might do less than that. We’re not going to chase bad deals just so that we can say we spent ‘X’ billion on M&A,” he said.Executives at GE, who spent much of the past few years jealously guarding the company’s cash as it rode out a brutal downturn that shook its hefty finance arm, have changed their tone since the company broke a nine-quarter streak of profit declines in the second quarter.The world’s largest maker of jet engines and electric turbines said in July that it would raise its dividend — which it had slashed during the recession — by 20 per cent starting in the third quarter, a move that came earlier than Wall Street had expected.It also said it would resume buying back its shares, a practice it had suspended in September 2008. The board has authorised it to buy back up to $11.6bn in shares. whatsapp GE talks up $30bn war chest Tags: NULLlast_img read more

first_img KCS-content whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans 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.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.com Schroders boosted by inflows whatsapp Show Comments ▼ 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 Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solutioncenter_img SCHRODERS share price hit a 12-year high yesterday afternoon after it announced a pre-tax profit of £282.7m for the first nine months of 2010, compared with £79.9m for the same period in the previous year. The pre-tax profit has more than doubled to £94.5m for the quarter, up from the figure of £43.6m in the same three months a year earlier.The investment bank also yesterday revealed that there have been inflows of £21.5bn of new money since the start of the year, including £5.4bn in the past three months, double the amount that some analysts had predicted.Seventy-nine per cent of the new investment in 2010 has come from overseas investors, and the Asia Pacific region was responsible for £7.3bn of institutional investment in the first nine months, said Schroders, although its traditional stronghold of Europe is still its strongest region. It is the largest publicly traded asset-management company by market value in Europe.As of 30 September the wealth manager said that it had £181.5bn under management, a big increase from the figure of £138.9bn at the same time last year.The news was a shot in the arm for shares in Schroders. They were the biggest riser by price on the FTSE yesterday, closing 87p, or 5.79 per cent, higher on the day at 1,667p. Its previous high was way back in July 1998. Tags: NULL Tuesday 9 November 2010 7:48 pm Sharelast_img read more