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The HBOS heritage portfolio is characterised by high levels of obligor concentration to riskier counterparties, many with a property related component, thereby impacting the level of the impairment charge," Lloyds said.
Much of the English Heritage portfolio, by contrast, is made up of ruined castles on bleak, remote headlands, long stripped of any furniture and fittings.
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"Archant has a fantastic heritage, an impressive portfolio of powerful local brands and the vision and ambition to be the best local media owner in the UK," said Kelly.
Mr. Neumann said: "I am excited to lead a company with such a rich German heritage and strong product portfolio.
She also has extensive experience as a partner in the private equity field, where she was a member of the board of directors of over a dozen portfolio companies of our heritage and non-heritage institutions.
When Mr. Esiebo was hired as a fixer for a travel photography shoot on Nigerian culture and natural heritage in 2006, he presented his portfolio and landed the account himself.
"Our specialist portfolio has an extraordinary heritage and this move is an exciting new chapter for the group and its staff," said Oswin Grady, managing director of Time Inc UK's specialist brands.
Some of his ministers, such as Renato Brunetta, who holds the civil service portfolio, or Giancarlo Galan, at the heritage ministry, are genuine liberals.
Councillor Sheila Burton, portfolio holder for culture and heritage at St Albans District Council, said: "The consensus of opinion is that the merchants of the town got together [to build it because] they were fed up of being ruled by the abbey.
"Something about having images on paper allowed me to understand the uniqueness and beauty of my Cajun heritage". Now, big, bold letters greet visitors to his portfolio site reading, "Louisiana is where I am from.
After briefly describing GE's heritage and Welch's transformation of the company's business portfolio of the 1980s, the case chronicles Welch's revitalization initiatives through the late 1980s and 1990s.
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