Watchdog criticises Ministry of Justice over barrister earnings claims

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A Ministry of Justice spokesperson said: "We stand by the figures we used. Whether the mean or median figure gives the best representation of typical fee income is open to statistical interpretation. We also published the full range of fee incomes received by barristers in 2012-13, including both the mean and median fee income figures and underlying source data, to be as transparent as possible. This is all publicly available on the government's website. We agree that this fee income is not the same as individual earnings, and this was stated in the statistical report we published on 2 January."

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Kuwait bourse climbs 21.4 pts; volume tapers

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Higher In the banking sector, National Bank of Kuwait rose 20 fils to KD 1.000 on back of 9.9 million shares and Gulf Bank closed 10 fils higher. Commercial Bank was down 20 fils at KD 0.750 whereas Al Ahli Bank climbed 15 fils Ahli United Bank rose 20 fils to KD 0.750 and Burgan Bank was up by same measure with a volume of 4.8 million. Kuwait International Bank held the ground unchanged at KD 0.300 off early lows and Boubyan Bank too did not budge from its earlier close of KD 0.530. Kuwait Finance House rallied 20 fils The lender has recorded a net profit of KD 115.89 million and earnings per share of 32.69 fils in the year 2013, marking a sharp increase from KD 87.67 million profit and EPS of 26.47 fils in the year before. The Board of Directors recommended a cash dividend of 13 percent in addition to 13 percent bonus shares. Kuwait Investment Co rose 4 fils to KD 0.156 whereas International Financial Advisors inched 1 fil lower after trading over 10 million shares. National Investment Co took in 2 fils whereas KIPCO closed flat at KD 0.690. Bayan Investment Co fell 3 fils to 97 fils whereas Osoul Investment Co and KFIC flunked 1 fil each. Sokouk Holding Co eased 2 fils whereas KAMCO closed flat. The company has obtained Capital Markets Authority’s approval to buy back or sell up to a maximum of 10 percent of its shares over a period of 6 months. Tamdeen Investment Co nudged 2 fils higher whereas Tamdeen Real Estate Co was up 5 fils at KD 0.255. National Real Estate Co was unchanged at KD 0.144 off early lows. The bourse has been largely upbeat during the week. It closed higher in three of the five sessions and gained 103 pts week-on-week. The main index has shed 135 pts from start of the month and is up 0.1 pct year-to-date. KSE, with 213 listed companies, is the second largest bourse in the region. In the bourse related news, Al Madar Finance and Investment has recorded a net profit of KD 3.58 million and earnings per share of 17.34 fils in 2013, rebounding from KD 7.60 million loss and loss per share of 36.73 fils in the previous year. Strategia Investment has posted a net profit KD 3.36 million and earnings per share of 13.75 fils in 2013, rebounding sharply from KD 10,514 profit and earnings per share of 0.07 fils in the year before Kuwait Pipes Industries and Oil Services has incurred a net loss of KD 10.16 million and loss per share of 45.10 fils in the nine-month period ending Sept 30, 2013, widening from KD 3.21 million loss and loss per share of 14.25 fils in the same period last year. Mashaer Holding has posted a net profit of KD 3.64 million and earnings per share of 20 fils during 2013 as against KD 4.31 million profit and earnings per share of 25 fils in the year before. The Board of Directors has recommended a cash dividend of 15 percent.

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Review: Range Rover Evoque

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Without a doubt the Evoque is a fantastic addition to the 4×4 family and it doesn’t restrict itself to one gender, though it is better suited to the young and well heeled. Stepping out of it however, it is peculiar to stand taller than the roof of a Range Rover. That’s not something I ever thought I would say, and I’m not a man that’s been blessed with height.

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** Three Tips for Investing in the Emerging Markets

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But some words of caution: Investors should look for emerging market companies trading on the key stock indices here in the U.S. By doing this, investors essentially protect themselves from certain risks in case things don’t go as planned. Investors also have to know that emerging markets tend to have a significant amount of volatility; they shouldn’t be risking what they can’t afford to lose. 

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Download your free ISA magazine today

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The March edition of FE Investazine has just hit newsstands, so download your free copy now.
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It’s a poorly kept secret that this year’s cash ISA rates are extremely low, with many of them running well below inflation in real terms. This means attempting to shore up your savings – even tax-free – in a cash ISA is losing you money over the medium- to long-term. Yet many investors are still squirreling their capital away in these inadequate savings schemes, even if they have a long enough time horizon to warrant a bit more risk. In the latest edition of FE Investazine, we reveal the best cash ISA rates on offer (spoiler alert: they aren’t anything to write home about) and also explain everything you need to know about ISAs. There are a number of investment ideas to make more of your savings over the long-term, delivering results well ahead of cash. The important thing is to keep an eye on your investments throughout the year – not just ahead of the tax deadline – and do your research. From this edition, we’re also partnering with our new retail website, Trustnet Direct, which is a dedicated private investor service for those of our readers who are managing – or thinking about managing – their own investments. You can find more information on this service and how it works within the pages of FE Investazine. For more information on ISAs and how you can make your savings work harder, download the latest edition of FE Investazine here.
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