Goldman hit with £17.5m fine from FSA

first_imgThursday 9 September 2010 8:42 pm Tags: NULL Goldman hit with £17.5m fine from FSA Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.com40 Dated Things That Show Your Agebonvoyaged.comhttps://alldelish.com44 Healthy Low-Carb Foods That Taste Incrediblehttps://alldelish.comDidUKnowUnsold 2018 SUVs Now Almost Being Given Away: See PricesDidUKnowRecetas Get5 Common Cancer Signs to Pay Attention ToRecetas GetSportPirateElle Macpherson Is Almost 60, Try Not To Smile When You See Her NowSportPirateSportinalRemember These Olympic Gymnasts? This Is How They Look NowSportinalBarxBuddyHow To Instantly Get A Dog To Stop BarkingBarxBuddyCakeHDThe Most Beautiful Women Of All TimeCakeHDLife Exact BrazilRemember Grace Jones? She Is Almost 73, See Her NowLife Exact Brazil whatsappcenter_img More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com whatsapp GOLDMAN SACHS has been slapped with a £17.5m fine for failing to tell the City regulator about a US investigation into Fabrice Tourre, the trader at the heart of a derivatives scandal.The Financial Services Authority (FSA) criticised the Wall Street titan for a breakdown in internal communication that meant Goldman’s American branch did not warn its UK office of the Securities and Exchange Commission (SEC) probe into Tourre’s role putting together a mortgage-backed security called Abacus. In turn, the UK division did not inform the watchdog. Tourre moved from New York to London midway through the SEC’s inquiry.The SEC accused Goldman of defrauding investors in Abacus by allowing John Paulson, a hedge fund manager, to help design its portfolio while planning to sell it short. Buyers including German bank IKB lost an estimated $1bn (£648m) when Abacus’ property loans turned toxic.Goldman settled the case for $550m in July, although Tourre denied any wrongdoing.Yesterday, the FSA said it did not find out Tourre had been served with a Wells Notice – which signifies US authorities’ intention to prosecute – until the SEC went public with its charges in April. The regulator chastised Goldman for “weaknesses” in its compliance routine.Enforcement director Margaret Cole said: “Goldman Sachs did not set out to hide anything, but its defective systems and controls meant the level and quality of its communications with the FSA fell far below what we expect of an authorised firm.”A Goldman spokesperson said: “We are pleased the matter is resolved.”The strength of the penalty, the second-largest the FSA has issued, was designed to embarrass the controversial investment bank. But analysts said it would have little impact on Goldman’s image in the UK.Stefano Harney, professor of strategy at Queen Mary, University of London, said: “This won’t do much damage. Just as Goldman’s huge bonus pools perversely enhance their reputation, judgements against them prove they’re at the cutting edge.”Shares in Goldman closed 1.1 per cent up at $149.14 in New York. KCS-content Show Comments ▼last_img read more

Ofcom warns BT on competition

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Tuesday 21 December 2010 8:24 pm More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tags: NULL Communications regulator Ofcom has warned BT it has infringed on competition law over its wholesale calls prices. The telecoms giant strongly denies the claims it squeezed margins by setting the price charged to other providers for its wholesale service at a level that would hit other operators between July 2008 and April 2009. Sharecenter_img whatsapp KCS-content whatsapp Ofcom warns BT on competition Show Comments ▼last_img read more

Niger Insurance Plc (NIGERI.ng) 2009 Annual Report

first_imgNiger Insurance Plc (NIGERI.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2009 annual report.For more information about Niger Insurance Plc (NIGERI.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Niger Insurance Plc (NIGERI.ng) company page on AfricanFinancials.Document: Niger Insurance Plc (NIGERI.ng)  2009 annual report.Company ProfileNiger Insurance Plc is a life and general insurance company in Nigeria underwriting all classes of insurance. Life insurance products include endowment policies, group life, mortgage protection and term assurances. Non-life insurance products range from aviation hull and liability and fire and special perils to public liability insurance, professional indemnity and workmen compensation insurance. The company also markets products under the brand name Niger Cash, Niger Flexible Investment Assurance, Niger Mutual Halal, Niger Personal Pension and Savings. Founded in 1962 and formerly known as The Niger Insurance Company Limited, the company changed its name to Niger Insurance Plc in 1989. The company has a sound reinsurance treaties with reinsurance companies led by Swiss Re. Niger Insurance Plc’s head office is in Lagos, Nigeria. Niger Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more

Opinion: John Bolton: The bomb thrower

first_imgTwitter Twitter printAs the United States enters into a critical period of talks with North Korea, it is imperative for the President to be surrounded by competent advisors who have the nation’s best interest at heart and in mind. Recently, President Donald Trump fired his national security advisor, H.R. McMaster, and announced he will be replacing him with John Bolton– a man who, now more than ever, is unfit for that position.The role of National Security Advisor was created in the early years of the Cold War for two reasons. First, to coordinate the national security apparatus which includes all the intelligence agencies and the Departments of Defense and State. Second, to act as a senior advisor to the President and brief him on national security affairs. These roles have remained relatively unchanged since their inception.Some better known National Security Advisors include Henry Kissinger, John Poindexter, Colin Powell, John Hadley, and Susan Rice. Under Trump, we’ve witnessed two National Security Advisors. Michael Flynn, who served for a short, twenty-four-day period until it was discovered that he misled the Vice President on his past affairs with the Russian ambassador. Then, H.R. McMaster who is a three-star general, former military history professor, distinguished research fellow and counterinsurgency advisor. He has served in the first Gulf War and numerous counter-terrorism operations in the Middle East.McMaster is incredibly well-qualified to advise the President on matters of national security and very much understands the cost of waging war. He and the President had been at odds regarding North Korea and the Iran nuclear deal in the past.The job, again, of the National Security Advisor is to reflect the viewpoint of the national security apparatus– even if the President disagrees with it. Reportedly, the President grew tired of being told ripping up the Iranian nuclear deal is detrimental to national security, which would result in the acceleration of Iran’s path to the bomb, and fired McMaster from his job.His replacement is a yes man and an enabler of Trump’s worst nationalistic tendencies– his name is John Bolton.Bolton got his start in diplomacy working as the Under Secretary of State for Arms and Control and International Security Affairs in the George W. Bush Administration. His work primarily focused on tracking the development of weapons of mass destruction. In the run-up to the Iraq War, he regularly argued Saddam had WMD’s– which wasn’t true—and has been routinely accused of misshaping U.S. intelligence to fit his worldview. Famously, he accused Cuba of having biological weapons. When the State Department’s top bioweapons analyst refused to sign off on that claim, Bolton attempted to have him removed without providing evidence himself.When John Bolton was nominated to represent the United States at the United Nations in 2005, multiple staff from within the State Department testified in the Senate that Bolton had a history of abusing subordinates with disrespectful behavior and attempting to have officials who disagree with his policy positions canned. It became such an issue that during a Republican-held Senate under the presidency of George W. Bush, he failed to receive a confirmation because his unprofessionalism disqualified him from the job. He later was given the position while Congress was in recess.Since he left the government, Bolton has worked with the American Enterprise Institute and regularly appeared as a commentator on Fox News. His current foreign policy views are well known as he advocates for a forcible regime change in Iran and North Korea as the only legitimate option in dealing with these countries.Regardless of your belief on how to deal with Iran and North Korea, the position of the National Security Advisor is to communicate the views of the national security apparatus to the President in a clear and unbiased form.H.R. McMaster understood the threat Iran poses.  He has experience in both Iraq Wars and even lost his own men to Iranian provided weapons. He understands the cost of regime change, war and the folly of destabilizing regions without planning for what comes next.John Bolton, on the other hand, is a bomb thrower with a history of cherry picking information to support his own hawkish worldviews no matter how horrific the consequences, while berating staff who disagree with him on facts.Based on the responsibilities of the National Security Advisor, as well as Bolton’s personal record within the intelligence community, I firmly believe that entrusting him to advise a President who has limited foreign policy experience is detrimental to the best interest of the United States, especially as we enter delicate talks with North Korea.Regardless of your policy positions, his unprofessionalism and conduct is unacceptable behavior for any American official and is an insult to the well-qualified men and women who tirelessly work to keep our nation secure. ReddIt Opinion: In spite of negotiations, containment should stay first priority Jean-Paul Dubos TAGSjohn boltonnorth korea Previous articleFrogs for Wellness looking to expand peer education programNext articlePolitiTalk: Troops to the border, trade disputes, Amazon Jean-Paul Dubos RELATED ARTICLESMORE FROM AUTHOR Facebook Opinion: Trumpism is taking over the Republican Party, that’s bad for America Jean-Paul Duboshttps://www.tcu360.com/author/jean-paul-dubos/ Linkedin Facebook Jean-Paul Duboshttps://www.tcu360.com/author/jean-paul-dubos/ ReddIt I have a unique appreciation for the value of books. As long as I can remember, my family has collected them. Bookshelves are present in every room in my house. When we last attempted a count, we gave up in the neighborhood of 5,000. It may be slightly surprising, then, that I do not condemn the transformation of Houston’s Lamar High School’s library to get rid of books in order to add a coffee shop and e-books. Needless to say, this was not the most popular move. One of the more critical articles in the Houston Press used words such as “appalling,” “stupid” and “terrible.” Abortion access threatened as restrictive bills make their way through Texas Legislature Linkedin + posts What we’re reading: Chauvin found guilty in Floyd case, Xi to attend Biden’s climate change summit What we’re reading: Former Vice President dies at 93, Chad President killed on frontlineslast_img read more

La Cañada Presbyterian Church to Present POPS: “Rhapsody in Gershwin”

first_img Name (required)  Mail (required) (not be published)  Website  9 recommended0 commentsShareShareTweetSharePin it Singer Diane Wallace sings solo at last year’s LCPC POPS Concert.The timeless music of George and Ira Gershwin will be celebrated in song, dance and big band accompaniment when La Cañada Presbyterian Church presents POPS: “Rhapsody in Gershwin” on Friday, June 15, at 8 p.m. and on Saturday, June 16, at 4 p.m.The church’s 50-voice Chancel Choir, the Jack Lantz Little Big Band, a premier lineup of soloists and the LCPC Pops Dancers will bring to life Gershwin classics from Tin Pan Alley to Broadway to Hollywood, including “Love Is Here to Stay,” “Someone to Watch Over Me,” “Nice Work If You Can Get It,” “I Got Rhythm” and “Strike Up the Band,” as well as solos and duets from the popular musical “Porgy and Bess.”“The singing, dancing and comedy are infectious, and will send you out with a smile on your face and a song (or two) in your heart,” promised Jack Lantz, LCPC’s Director of Music and Worship Arts, who will direct the program.Soloists will include Lori Stinson and Gregory Geiger (in a duet of “I Loves You, Porgy”), Diane Wallace, Matthew Thomas, Tom Malcom, Ellen Kirstein, Deanna Murray, Lori MacDonald and Joanne Horne. The Pops Dancers will kick up their heels in a black-light dance to the Gershwin rag “Rialto Ripples” and will dance in swimming pools to “‘S Wonderful” – “People might get wet,” Lantz joked.Another highlight will be excerpts from “Of Thee I Sing,” a Gershwin satire of presidential elections from the early 1930s. It figures tobe particularly apropos in this election year.The La Cañada Presbyterian Church Sanctuary will be transformed into a Broadway theater for “Rhapsody in Gershwin,” a program that will be “a delightful blend of pops music, dance, frolic and fun, geared to the whole family,” Lantz promised.Tickets are $15 general admission, $20 reserved, $10 children under 12 and $50 for a general admission family plan. They may be purchased from Lori MacDonald at (626) 794-1522, at the church office (818) 790-6708)or at the door. La Cañada Presbyterian Church is located at 626 Foothill Blvd., La Cañada. For further information, visit www.lacanadapc.org.About La Cañada Presbyterian ChurchLa Cañada Presbyterian Church (LCPC) began in 1948 with 158 members and a vision to reach the world for Jesus Christ. That early church was built quite literally on faith and charity from remainder brick and an operating budget that turned just about all of its revenue into active ministry. Through 65 years of outreach, LCPC grew to 2,000 active attendees doing ministry throughout Southern California and in 40 countries around the world. In 2010 the church completed a campus expansion which doubled its physical base for ministry and kept its historical sanctuary as the heart of the new grounds.La Cañada Presbyterian Church, 626 Foothill Boulevard, La Cañada, (818) 790-6708 or visit www.lacanadapc.org. Make a comment EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS HerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeauty7 Tips To Rejuvenate Winter Dry, Chapped LipsHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeautyTips From A Professional Stylist On How To Look Stunning In 2020HerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyWhat Is It That Actually Makes French Women So Admirable?HerbeautyHerbeauty Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Business News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Top of the News center_img Subscribe Community News Community News First Heatwave Expected Next Week faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Religious Music La Cañada Presbyterian Church to Present POPS: “Rhapsody in Gershwin” Another highlight will be excerpts from “Of Thee I Sing,” a Gershwin satire of presidential elections from the early 1930s. It figures tobe particularly apropos in this election year. Published on Friday, June 1, 2012 | 5:46 pm Your email address will not be published. Required fields are marked * More Cool Stuff Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Donegal Aontú hits out at Taoiseach’s reaction to calls for Churches to reopen

first_img Pinterest Facebook By News Highland – March 11, 2021 Facebook Important message for people attending LUH’s INR clinic News, Sport and Obituaries on Monday May 24th WhatsApp Pinterest Derry draw with Pats: Higgins & Thomson Reaction Google+ Twitter Google+center_img RELATED ARTICLESMORE FROM AUTHOR Twitter Donegal Aontú hits out at Taoiseach’s reaction to calls for Churches to reopen FT Report: Derry City 2 St Pats 2 WhatsApp AudioHomepage BannerNews DL Debate – 24/05/21 Arranmore progress and potential flagged as population grows Previous articleFunding sanctioned for Finn Valley College extensionNext articleEU Medicines Agency to consider approving Johnson and Johnson vaccine News Highland A Donegal Aontú representative has hit out at the Taoiseach’s statement that he was ‘surprised’ church leaders were requesting an easing of restrictions for church services.A number of bishops met with Micheal Martin this week, where they called for the return to normal services including the reopening of mass.Mary T Sweeney says the Taoiseach’s refusal to look at the reality of the situation is an insult to citizens of faith in Ireland.She has described the situation regarding funerals as horrendous:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2021/03/sweeney1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.last_img read more

2-year-old girl missing from campsite in northern Michigan

first_imgMichigan State Police(MONROE, Mich.) — An urgent search is underway in a wooded area in northern Michigan for a 2-year-old girl who went missing at the end of a family camping trip.The family of Gabriella Roselynn Vitale told the Oscoda County Sheriff’s Office and Michigan State Police that they had been camping for a few days and were getting ready to leave Monday morning when they noticed that the toddler was nowhere to be found.Deputies and troopers are using canine teams to search the area.Early into the search, the girl’s pink jacket was found several hundred yards away from where she went missing, police said. She is wearing a gray shirt, pink bottoms and tennis shoes.The family says they live in the Monroe, Michigan, area, which is about 200 miles south of where the girl went missing. Copyright © 2019, ABC Radio. All rights reserved.last_img read more

Home moves to shrink by 200,000 following Brexit vote, says L&G chief

first_imgHome » News » Housing Market » Home moves to shrink by 200,000 following Brexit vote, says L&G chief previous nextHousing MarketHome moves to shrink by 200,000 following Brexit vote, says L&G chiefLegaly & General Surveying Services MD says market is still ‘fragile’Nigel Lewis11th October 20160628 Views The Brexit vote may lead to some 200,000 transactions being knocked off the number of homes sold this year according to Legal and General Building Services’ managing director Steve Goodall.Speaking at a recent conference organised by Mortgage Finance Gazette, Goodall (pictured, below) said the UK long-term average was 1.5 million transactions a year, topping out at 1.6 million during the “heady heights” of 2006/7 before the financial crisis, then dipping down to 900,000 and now running at 1.2 million.“Because of what happened over the summer – i.e. the referendum vote for the UK to leave Europe – this year we night see a flatlining of transactions,” he said.“The equivalent number of transactions over the last three months may have actually dropped to around one million per annum.”Goodall also said transactions should be much higher overall, pointing out that current levels of transaction should be measured against the growing number of households in the UK. Therefore, he calculates, the market should be running at 1.7 or 1.8 million transactions a year not 1.2 million.“There are more people yet there are fewer housing transactions,” he said.The conference was attended by a mixed bag of industry leaders including Karl Knipe from Hertfordshire-based Kings Group and David Westgate, the recently-installed new chief executive of Andrews Property Group.During the debate Westgate said he thought changing demographics including greater labour mobility plus the building industry’s lack of house building are why transaction levels remains weak. “The house builders are drip feeding property into the market because fits in with their financial aspirations or their profit targets,” he said.Legal & General Brexit Steve Goodall October 11, 2016Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

American Frigate Conducts Underway Engagements in Black Sea

first_img Training & Education May 8, 2014 View post tag: Naval Back to overview,Home naval-today American Frigate Conducts Underway Engagements in Black Sea The exercise was aimed at improving maritime capabilities and reassuring the U.S. NATO allies and partners of the U.S. commitment to the alliance and to their security.“Exercises like this enhance the capabilities of our two navies and allow us to work better together as partners in the region,” said Taylor’s Commanding Officer, Cdr. Murzban Morris. “Engagements like this also strengthens the bonds we share.”During the event, Taylor, along with four Romanian ships, conducted a live-fire exercise and an anti-submarine warfare scenario.“The only way to prepare for potential regional instability is to train and keep our forces ready,” said Morris. “What better way to do that than with those who share a commitment to stability in the Black Sea region.”The U.S. Navy, on a normal and routine basis, operates ships in the Black Sea consistent with the Montreux Convention and International Law.Taylor is deployed in a multi-mission role in the U.S. 6th Fleet area of operations to contribute to regional maritime security, perform search and rescue activities, support humanitarian missions, conduct bilateral and multilateral training missions, and to support NATO operations and deployments throughout the region.U.S. 6th Fleet, headquartered in Naples, Italy, conducts a full range of maritime security operations and theater security cooperation missions in concert with coalition, joint, interagency, and other partners in order to advance security and stability in Europe and Africa.[mappress]Press Release, May 8, 2014; Image: Wikimedia View post tag: Engagements View post tag: conducts View post tag: Navy View post tag: underway View post tag: News by topic View post tag: Frigate View post tag: Black View post tag: American The Oliver Hazard Perry-class frigate USS Taylor (FFG 50) participated in a bilateral underway engagement with ships from the Romanian navy in the Black Sea, May 6. American Frigate Conducts Underway Engagements in Black Sea View post tag: sea Share this articlelast_img read more

Royal Navy WW2 torpedo bomber found in the Solent

first_img View post tag: Royal Navy View post tag: Fleet Air Arm A Fairey Barracuda torpedo bomber was discovered in the English Channel 75 years after its pilot was forced to ditch during World War 2.The Fleet Air Arm bomber has been found largely intact and is now being recovered in sections.The wreck was uncovered by engineers working for the UK National Grid who are laying a 150-mile-long cable from Fareham to Normandy.“If we had chosen a slightly different route, there is a good chance the plane would never have been found,” said David Luetchford of National Grid.“Over the course of the project we’ve inspected over 1,000 targets of interest, many of which were found to be unexploded ordnance, not unusual given the history of this location. However, to have found a 1943 Fairey Barracuda torpedo bomber is incredible and such a key piece of British history.“It’s not every day you get the chance to play a role in an operation like this and it is very lucky to have found the plane in such a small search area.”Photo: Royal NavyThe wreck was discovered last year but they waited until fair weather this summer to begin the three-week recovery operation with experts from Wessex Archaeology, clearing clay and silt so sections can be lifted.Despite more than 2,600 Barracudas rolling off the production lines – mostly for service with the Fleet Air Arm – there are none today.The aircraft is believed to be BV739 of 810 Naval Air Squadron which lost power shortly after taking off from HMS Daedalus in Lee-on-the-Solent.Barracudas saw extensive action in the second half of WW2 as carrier-based dive and torpedo bombers, taking part in attacks against Hitler’s flagship Tirpitz in Norway and later with the British Pacific Fleet as the war closed in on Japan. View post tag: Fairey Barracuda Share this article View post tag: WW2 Photo: Photo: Royal Navylast_img read more