It is a remarkable accumulation for a man known as "Money" – who is currently serving a 90-day sentence in Las Vegas for domestic violence against a former partner. Mayweather's prison term, following a guilty plea in December, was even put on hold to allow him to take part in the second fight, against Miguel Cotto last month. Those 12 rounds in Las Vegas earned him $45m – the delay was approved because the fight was estimated to be worth up to $15m for the city.
Boxers claimed the top two spots, with Manny Pacquiao – one of only two men (with Mayweather) to defeat Ricky Hatton – $23m behind, but it is American football that dominates the 100 with 30 entries. Eleven sports are represented and the combined income of all 100 is $2.6bn. There are just two women in the top 100, both tennis players; Maria Sharapova, at 20, and Li Na, 81. The highest Briton, and footballer, is David Beckham in eighth. Mahendra Singh Dhoni is the highest-paid cricketer at 31. His total of $26.5m is some $2m more than Wayne Rooney and comes off the back of captaining India to World Cup glory on home soil.
Boxers hit jackpot: The Forbes Rich List
1. Floyd Mayweather
Boxing (Annual earnings $85m/£54.2m)
The 35-year-old earned nothing from endorsements, compared to Tiger Woods's $55m and the $45m collected by Roger Federer. Mayweather's immense income comes in large part because he promotes his own fights. That sees him retain all TV money and ticket sales income.
2. Manny Pacquiao
Boxing ($62m/£39.58m)
The Filipino gathered a relatively meagre sum of $6m from endorsements and collected his income from only two fights – one of which he lost, to Tim Bradley. A rematch with Bradley later this year will provide another huge pay day
3. Tiger Woods
Golf ($59.4m/£37.8m)
The former world No 1 has seen his earnings fall by $16m over the past year. His 30-month winless streak meant his on-course earnings dropped to $4.4m – less than a third of Luke Donald, the highest ranked British golfer in the list, at 48.
4. LeBron James
Basketball ($53m/£33.82m)
The 27-year-old Miami Heat star has a share in Liverpool FC as part of his wealth. He saw his salary cut because of the NBA lockout but two promotion deals in Asia helped take his endorsements to $40m.
5. Roger Federer
Tennis ($52.7m/£33.62m)
He has slipped behind Rafa Nadal and Novak Djokovic on the court, but off it the Swiss (left) still reigns as tennis's biggest earner. Endorsements make up $45m of his total.
6. Kobe Bryant
Basketball ($52.3m/£33.37m)
Lost $5m from his annual salary because of the lockout, but still took home $20.3m for his year's work.
7. Phil Mickelson
Golf ($47.8m/£30.5m)
He may just have shot his worst round in a US Open but the dollars keep rolling in. Mickelson, now 42, gathered $43m in endorsements compared to $4.8m in winnings.
8. David Beckham
Football ($46m/£29.3m)
His $9m annual salary is under half that of Cristiano Ronaldo but, with a high-profile Olympic role looming, his global profile is in no danger of dropping any time soon.
9. Cristiano Ronaldo
Football ($42.5m/£27.1m)
The Real Madrid winger has had a season to savour on the pitch and can expect to climb the list next year, especially if international success follows his club triumphs. His salary of $20.5m is the highest of any footballer in the world.
10. Peyton Manning
American Football ($42.4m/£27m)
Highest earner of the 10 NFL players on the list thanks to his $10m worth of annual endorsements.
Selected others
11. Lionel Messi, Football ($39m); 24. Lewis Hamilton, F1($28m); 26. Maria Sharapova, Tennis ($27.9m); 37. Wayne Rooney, Football ($24.3m); 63. Usain Bolt, Athletics ($20.3m)
How to Tweet Money to Your Favorite Politician - Businessweek
Campaigns that were just getting excited at the prospect of vacuuming up cash through text messaging, which the Federal Elections Commission green-lighted on June 11, may have yet another way to collect donations with a couple taps of the keyboard. Up to 140 taps, that is. Chirpify, a social-commerce startup based in Portland, Ore., has rolled out a site called Tweetlection at which donors can send money to Barack Obama and Mitt Romney via Twitter.
The process seems simple. All you need do is create an account with Chirpify, link it to your PayPal (EBAY) and Twitter accounts, and you could donate up to $200 instantly, just by tweeting “Donate $200 to @MittRomney for POTUS.” You log into Chirpify only once for the account setup, and then use Twitter, TweetDeck, or any other tweeting app as you normally would. ”There’s no shopping cart or checkout process,” says Chris Teso, Chirpify’s chief executive officer. “We’re calling it conversational commerce.”
The startup processes donations through PayPal. For the presidential candidates to collect the money, though, there’s a catch: Teso says they’ll have to create their own, free Chirpify accounts to cash in. If they don’t, your credit card won’t be charged. (Neither campaign has responded to a request as to whether they’ll participate.)
Teso says neither Romney nor Obama has signed on to a bigger deal with Chirpify that would let their campaigns collect more money in exchange for Chirpify’s 4 percent fee per contribution. That’s obviously the company’s hope. At least two dozen Republican senators and members of Congress will announce in the coming weeks that they’ll use Chirpify to solicit donations by tweet, Teso says. (He won’t name them.) Under those deals, campaigns can collect as much money as they want per tweet and Chirpify will supply them with information required by the FEC (i.e., donors’ full names, addresses, and occupations). The service could end up being a lot less costly than fundraising via text message, which the mobile payment aggregator known as m-Cube plans to roll out this summer at fees of up to 50 percent per donation.
Chirpify went live four months ago and is primarily used by individuals paying off IOUs. (As in: You didn’t have enough cash for your beer tab last night and need to pay back a friend today.) Teso says the company is also processing donations for the Make-A-Wish Foundation and running promotions for companies including Nestle (NESN:VX) , Power Bar, Pawngo, Sir Richard’s Condom Co., and Hewlett-Packard (HPQ). Those brands can advertise products to their Twitter followers, who can then place an order for a product by tweeting the word “buy;” Chirpify then coordinates with PayPal and the vending company to get the product paid for and shipped out.
Teso says the startup has tens of thousands of members and that “over 50 percent … have transacted in one form or another. That could be purchasing, donating, or paying you for dinner last night.” That’s nothing compared with Barack Obama’s 16.7 million followers, or even Romney’s 563,000. So far, though, their Twitter brigades aren’t exactly flooding Tweetlection. The site rolled out Tuesday; by noon Romney had $150 in pledges—and Obama just $132.
Money can't make you happy... if you are only spending it to impress others - Daily Mail
By Claire Bates
|
Spending money on once in a lifetime experiences from luxury holidays to concert tickets won't make you happy, according to a surprise study.
But before you cancel that world cruise it's worth noting that you'll only fail to find contentment if your motive is to impress others.
'Why you buy is just as important as what you buy,' said assistant profressor Ryan Howell, from San Francisco State University, who led the study.
'When people buy life experiences to impress others, it wipes out the well-being they receive from the purchase. That extrinsic motivation appears to undermine how the experiential purchase meets their key psychological needs.'
Blissful holiday: As long as you're not just trying to impress someone else
Howell's previous findings showed that buying a life experience made people happier than when they bought material things, because it made them feel more competent and connected to others.
However, in the latest research Howell and his colleagues found that a person's motivation for making a purchase predicts whether these needs will be met.
After surveying 241 participants they found that people who choose to buy life experiences because they were in line with their desires, interests and values reported a greater sense of fulfillment and well-being. They were also less likely to feel lonely and had a greater sense of vitality.
However, people who chose life experiences to gain recognition from others reported feeling unsatisfied and less connected to others.
'The biggest question you have to ask yourself is why you are buying something,' Howell said.
'Motivation appears to amplify or eliminate the happiness effect of a purchase.'
The study has been published in the aptly named, Journal of Happiness Studies.
Finance: Grinding to a halt - Financial Times
Last updated: June 19, 2012 9:53 pm
Rio+20: Greenpeace declares war on the finance sector - The Guardian
Kumi Naidoo, the global head of Greenpeace, is losing patience with the ability of companies and financial institutions to move away from their destructive behaviour.
While he recognises that there are a few progressive business leaders who share his concerns, Naidoo says he is planning to step up his campaign to hold them to account.
The sector most clearly in his sights is finance, given its power to support the transition to a green economy or continue to fund the destructive fossil-fuel industry.
He accepts that the NGO community made a mistake by not targeting the sector earlier and this was because it shied away from the complexity of the financial markets. But no more.
For the past two years Greenpeace has been working to understand not only how the financial markets really work, but also the leverage points where it can be most effective in seeking change.
Speaking on the day when he told the Guardian that Greenpeace is moving to a war footing as a result of the failure of negotiators at Rio+20 to agree clear policies and targets, he said: "We did not understand the financial markets but you have to appreciate that they are made not to be understandable. I know even financial journalists struggle to fully get it because its durability is based on opaqueness and a lack of transparency.
"We have been investing a lot of effort over the past couple of years to understand the industry and where the leverage points are and I think we are close to this point and finance institutions should be put on notice that not only Greenpeace but others are going to be putting them under much greater scrutiny.
"Our aim is to get all banks to say we won't make loans to oil, coal, gas and deforestation-related activity. We want to shut off the flow of capital. The time is right because the banks are at their most vulnerable in terms of public legitimacy."
It's not just the banks that will be targeted but also the pension funds. Naidoo, who was an anti-apartheid activist from the age of 15 and arrested and charged for violating state of emergency regulations in 1986, said it was simply unacceptable that pension funds invested money in activities that the owners of the money would not find acceptable.
While he supports the work of Fair Pensions in the UK, he warned City firms that Greenpeace intends to take campaigning "to a completely different scale."
Beyond the finance sector, Greenpeace plans to increasingly instigate consumer boycotts of consumer-facing brands but said the real environmental criminals were the companies largely invisible to ordinary people, such as commodity traders.
A primary target is likely to be Shell, despite the fact that the oil giant recently sought injunctions against each Greenpeace office around the world.
"We will be intensifying the pressure and if need be we will go after the brands and actually severely undermine them," he says. "With Shell we are taking the risk and we know they can come after us as they have an injunction against us but we will go after them."
While he admires corporate leaders who are prepared to stick their necks out, he says that even they are constrained by the system in which they operate.
While he believes the only answer to the current crisis is to have a complete redefinition of the notion of growth, he recognises that business cannot fundamentally change its ways in the absence of governments changing the rules of the game.
He said: "We have been engaging aggressively with business trying to provide them with technical expertise and to give them guidance on how to act more in more environmental ways.
"Big business is starting to understand that they have as much to lose if the whole planet goes to pot, but we have to ensure business leaders are not strangulated by the tyranny of quarterly reporting cycles which is what the situation is right now.
"I met with the senior management team at Macro, which is the third largest retailer in the US, and I said Greenpeace is more committed to its business in the long term than they are.
"They were shocked and asked what I meant. I told them that fish forms part of their product line and if they continue sourcing fish from unsustainable sources then the end result will be to kill their product line. We are not against palm oil or fishing but against what is unsustainable."
Naidoo says there is still a great deal companies can do in the absence of government intervention; stop selling products people do not need, break the conspiracy with marketing companies to promote wasteful consumption, and look at their entire supply chains, including the energy they buy, the materials they use and the way workers are treated.
He also called for companies to get more involved in political advocacy. When asked if he would campaign alongside companies he said: "That is not outside the realms of possibility but the reality is that at the moment it happens less directly."
He pointed out, however, that when Greenpeace unveils its campaign later this week against Arctic oil exploration, two senior business leaders will be in attendance and several other are expected to sign their declaration.
This content is brought to you by Guardian Professional. Become a GSB member to get more stories like this direct to your inbox
JPMorgan’s Connections to the House Finance Committee - Mother Jones
The House Connections
JPMorgan has two in-house lobbyists with connections to the House Financial Services committee.
- Rick Lazio joined JP Morgan in 2004 as chief of government relations. He previously served as a congressman from New York from 1993-2000, and sat on the committee.
- Tom Koonce is a lobbyist for JP Morgan and formerly a legislative director for Brad Miller, D-N.C., who sits on the committee.
There are also three former congressional staffers with committee ties at firms currently lobbying for JPMorgan:
- Collins Lionel is a lobbyist at Jones, Walker et al., and a former staff member on the committee. JPMorgan hired the firm this year.
- Nicholas Leibham, who works JPMorgan lobbying firm K&L Gates, was formerly an aide to Gary L. Ackerman, D-N.Y., another committee member.
- Bart Gordon also works at K&L Gates. He's a former Democratic congressman from Tennessee who, back in the 1980s, sat on the committee.
Data compiled by the Center for Responsive Politics also shows how representatives on the committee have benefited from the generosity of JPMorgan's employees and PACs.
In the 2012 election cycle, JPMorgan's PACs and employees have so far given $168,000 to members of the committee. About 80 percent of that came from one of the bank's PACs.
- JPMorgan's PAC and employees have been the second-largest contributors to committee chairman Spencer Bachus, R-Ala., since 1993, donating a total of $119,000 to the congressman's campaigns — $11,000 so far this election cycle. (These numbers don't include contributions to Super PACs or other outside groups.)
- The committee's vice-chair, Jeb Hensarling, R-Texas, has received a relatively modest $50,000 from JPMorgan since 2003. Overall, commercial banks have been his largest campaign contributor.
- Other big Republican career recipients include Steve Stivers of Ohio, who has only served since 2010 but has already received more than $70,000.
- On the Democratic side, JPMorgan's PAC and employees have given ranking member Barney Frank, D-Mass., $84,500 since 1989, making them his 4th biggest donor overall.
- JPMorgan is number one for Carolyn Maloney, D-N.Y., with more than $100,000 since 1993.
Despite the hearings, neither the House nor Senate is actually conducting investigatons of JPMorgan's losses. But the Department of Justice is, along with five of JPMorgan's regulators — the FDIC, SEC, CFTC, OCC and the Fed. Lest you find that load of government acronyms as bewildering as Dimon said he did, we've also laid out their various investigations, and in a few cases, their own JP Morgan connections.
The SEC
The Securities and Exchange Commission is looking into how JPMorgan disclosed risks to shareholders. SEC chairman Mary Schapiro outlined in testimony to the House today the various kinds of disclosure the SEC can target, without going into details on JPMorgan.
JPMorgan has two former SEC enforcement heads working for them now: the company's general counsel is Steven Cutler, who headed enforcement at the SEC from 2001 to 2005. They have also reportedly retained William McLucas from an outside law firm, another SEC enforcement director who spent two decades at the agency.
The CFTC
The Commodity Futures Trading Commission is flexing new muscles gained from the Dodd-Frank financial reform. According to the Wall Street Journal, they are subpoenaing internal bank emails to determine if JPMorgan officials made deceptive statements — something that could constitute fraud or manipulation of derivatives market. The CFTC has never brought charges under the new rules, which went into effect last year.
The OCC
The Office of the Comptroller of the Currency director's testimony for today echoes what he told the Senate earlier this month. The agency is looking at JPMorgan's risk-management strategy leading up to the losses, and reviewing the OCC's own oversight of the bank.
As ProPublica's Jesse Eisinger wrote recently, this is also something of a test for the OCC under its new commissioner Thomas Curry. The agency has had a reputation for favoring light regulation — including a watered-down version of the Volcker Rule, a Dodd-Frank ban on proprietary trading that some say would stop trades like the one that led to JP Morgan's loss when it goes into effect. Curry cautioned in his testimony for today that the OCC hadn't determined whether JP Morgan's trade would have been banned under Volcker.
The Fed
In his testimony, the legal counsel of the Federal Reserve said that the agency was still looking, but had not yet turned up any evidence of weak risk controls at JPMorgan.
Jamie Dimon sits on the board of the New York Federal Reserve — something that's prompted a proposed bill from Democratic senators that would ban officials of banks that can receive loans from the Fed from serving on any of its boards. JPMorgan and 17 other banks whose execs served on regional Fed boards got emergency loans from the Fed between 2007 and 2009. A government report found no evidence of conflict of interest from the arrangement, but did raise the concern of "reputational risks" from the appearance of one.
The FDIC
The Federal Deposit Insurance Commission chair testified that the FDIC has added extra staff and has "met daily" with JPMorgan employees to take a broader look at the company's risk management beyond the unit that made the losing trades, according to their prepared testimony.
A recent appointee to the board of the FDIC, Jeremiah Norton, is a former executive at JPMorgan Securities. Before that, he was an aide to Ed Royce, R-Calif., who sits on the House finance committee.
The DOJ
The DOJ isn't testifying this morning, but they have started an inquiry into what executives at JPMorgan knew when they initially dismissed the losses. It's not clear what kind of charges could come from that investigation.
VOLTA FINANCE - MAY MONTHLY REPORT - Reuters
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
*****
Guernsey, 19 June 2012 - Volta Finance Limited (the "Company" or "Volta Finance" or "Volta") has published its monthly report. The full report is attached to this release and is available on Volta Finance Limited's financial website (www.voltafinance.com).
Gross Asset Value
At the end of May 2012, the Gross Asset Value (the "GAV") of Volta Finance Limited (the "Company", "Volta Finance" or "Volta") was EUR165.6 m or EUR5.30 per share, an increase of EUR0.27 per share (or 5.4%) from EUR5.03 GAV per share at the end of April 2012.
Year to date 2012 performance, including dividend payments is a positive 26.7% for the first 5 months.
The May mark-to-market variations* of Volta Finance's asset classes have been: +54.7% for ABS investments, -1.3% for mezzanine debt of CDO investments, +4.4% for equity positions in CDO investments and -7.1% for Corporate Credit investments. The GAV increase in May was mainly due to the sale of one of the ABS position with a significant gain (see details in Interim Management Statement published the 1st of June) and from the appreciation of USD against Euro.
Volta's assets generated the equivalent of EUR2.8m of cash flows in May 2012 (non-Euro amounts converted to Euro using end-of-month cross currency rates and excluding principal payments from debt assets as well as the gain on the ABS sale) bringing the total cash generated during the last six months to EUR16.0m. It can be compared with EUR13.3m for the previous six-month period ended in November 2011 (the most recent comparable period considering the seasonality of payments).
In May 2012, the Company purchased, for EUR2m, one asset, Alpine-Taurus, a synthetic corporate transaction arranged by a major European bank under the supervision of AXA Structured Finance.
At the end of May, Volta held EUR13.7m in cash, including EUR1.5m posted in respect of the currency hedge transactions and net of the most recent sale and purchase which have not as yet settled. Considering the pace at which cash flows are generated, Volta's capacity for new investments amounts to EUR13m.
MARKET ENVIRONMENT
In May 2012, credit spreads widened almost every where as a result of the increasing uncertainties brought about by the renewed Euozone sovereign crisis and with some modest deterioration in the overall economic situation. The spread of the 5 year European iTraxx index and of the 5 year iTraxx European Crossover Index (series 17) went respectively, from 140 and 650 bps at the end of April 2012 to 180 and 720 bps at the end of May 2012. During the same period, credit spreads in the US, as illustrated by the 5y CDX main index (series 18), also widened from 95 to 123 bps at the end of May 2012. According to the CSFB Leverage Loan Index, the average price for USA liquid first lien loans decreased from 94.76% at the end of April 2012 to 93.77% at the end of May 2012.**
VOLTA FINANCE PORTFOLIO
In May 2012, no particular event materially affected the situation of the Corporate Credit holdings. However, the first loss positions in this bucket (ARIA III and the residual positions in JAZZ III) remain highly sensitive to any new credit event, especially to debt of financial institutions considering the significant exposures to banks held through these positions.
As regards the Company's investments in residual and mezzanine debt of CDOs, at the end of May 2012, all 54 positions in residual or mezzanine debt of CDOs are currently paying their coupons. No particular event materially affected the situation of these positions. Again, Volta received from one of its original Euro BB tranche of CLO an earlier repayment of principal. With this new payment, Volta cumulatively received, years in advance, in excess of 30% of the original par amount of this deal that was purchased mid-2008 at 55% of par.
As regards the Company's ABS investments, at the end of May 2012, nothing special affected the largest position (Promise Mobility). Regarding the other investments in this bucket (UK non-conforming residual positions), as already disclosed in the latest Interim Management Statement, one of these positions have been sold with a EUR5.4m gain to its end of April valuation. Most of the 5 other transactions paid some form of cash flows in June. The valuation of these deals has not as yet been revised since the end of March revision (following March cash flows) as we await to receive the after-payment trustee report to reassess the situation of each deal separately.
Please find in the table below the market value and average prices of Volta's main buckets (the ABS bucket is excluded as it is comprised of different asset types and its average price is meaningless):
The significant widening of credit spreads modestly affected the average price of Volta assets.
The Company considers that opportunities could arise in several structured credit sectors in the current market environment. Amongst others, mezzanine or senior tranches of CLOs, European or US ABS as well as tranches of Corporate Credit portfolios could be considered for investment. Potential investments could be made depending on the pace at which market opportunities could be seized and cash is available. Depending on market opportunities, the Company may aim to take advantage of the current volatility in prices to sell some assets in order to reinvest the sale proceeds on assets representing, at the time of purchase, what the Company considers a better opportunity.
* "Mark-to-market variation" is calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at month-end, payments received from the assets over the period, and ignoring changes in cross currency rates Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket.
** Index data source: Markit, Bloomberg.
(Full monthly report in attachment or on www.voltafinance.com)
*****
ABOUT VOLTA FINANCE LIMITED
Volta Finance Limited is incorporated in Guernsey under the Companies (Guernsey) Laws, 1994 to 1996 (as amended) and listed on Euronext Amsterdam. Its investment objectives are to preserve capital and to provide a stable stream of income to its shareholders through dividends. For this purpose, it pursues a multi-asset investment strategy targeting various underlying assets. The assets that the Company may invest in either directly or indirectly include, but are not limited to: corporate credits; sovereign and quasi-sovereign debt; residential mortgage loans; automobile loans. Volta Finance Limited's basic approach to its underlying assets is through vehicles and arrangements that provide leveraged exposure to some of those underlying assets.
Volta Finance Limited has appointed AXA Investment Managers Paris, an investment management company with a division specialised in structured credit, for the investment management of all its assets.
ABOUT AXA INVESTMENT MANAGERS
AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with EUR512 billion in assets under management as of the end of December 2011. AXA IM employs approximately 2,367 people around the world and operates out of 21 countries.
CONTACTS
Company Secretary
State Street (Guernsey) Limited
volta.finance@ais.statestreet.com
+44 (0) 1481 715601
Portfolio Administrator
Deutsche Bank
For the Investment Manager
AXA Investment Managers Paris
Serge Demay
serge.demay@axa-im.com
+33 (0) 1 44 45 84 47
*****
This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions.
This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Volta Finance has not registered, and does not intend to register, any portion of any offering of its securities in the United States or to conduct a public offering of any securities in the United States.
*****
This document is being distributed by Volta Finance Limited in the United Kingdom only to investment professionals falling within article 19(5) of the Financial Services and Market Act 2000 (Financial Promotion) Order 2005 (the "Order") or high net worth companies and other persons to whom it may lawfully be communicated, falling within article 49(2)(A) to (E) of the Order ("Relevant persons"). The shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire the shares will be engaged only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.
*****
This press release contains statements that are, or may deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "anticipated", "expects", "intends", "is/are expected", "may", "will" or "should". They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta's investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance's actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. Volta Finance does not undertake any obligation to publicly update or revise forward-looking statements.
Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.
*****
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Volta Finance Limited via Thomson Reuters ONE
New money brightens London auction picture - The Independent
The most pleasurable things in life are the silly little things.
- she,, somewhere, 20/6/2012 01:27
Report abuse