Friday 28 July 2017

JP Morgan hopes to restore payouts

dividends MEDIA LAWSUIT

JPMorgan Chase may begin restoring its dividend, cut during the height of the financial crisis, in the second quarter, CEO Jamie Dimon said.

"We're waiting for guidance from regulators about on what basis are they going to let firms pay dividends, buy back stock or do other things," Dimon said in an interview from the company's annual health-care conference in San Francisco.

"Now it looks more like the second quarter." The board hasn't decided on a specific increase, with the New York-based bank hoping eventually to pay 30 - 35pc of normalised earnings.

Draft right-of-reply scheme published

THE BROADCASTING Authority of Ireland has published the Draft BAI Right of Reply Scheme. The draft scheme, once implemented, will provide for the broadcast of a right-of-reply statement to correct incorrect information which has been broadcast and has resulted in a person's honour or reputation being impugned. The draft scheme details how the proposed processwould work.

Complaint upheld against Ryanair

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RYANAIR, UPC and Eircom all had complaints against them upheld by the Advertising Standards Authority of Ireland last month. Ryanair had a complaint against them upheld by the ASAI after the authority deemed an advert for cheap fares to France as misleading. Cable provider UPC was ordered to alter an ad for their cable television service after a complaint from the public while Eircom was found guilty of a partial breach of advertising codes over a direct mail campaign.

Terra Firma appeals on technicalities

TERRA Firma is attempting an appeal over its failed lawsuit against investment bank Citigroup over the buy-out of music major EMI. It is understood that Guy Hands' investment firm will challenge the technical aspects of how the trial was conducted and not the verdict itself. Terra Firma has filed in the US for leave to appeal. In November, Terra Firma lost its case against Citigroup after a jury ruled that Citigroup did not trick the firm into buying music group EMI for £4bn (€4.8bn).

Irish Independent

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