888 shares rocket 25 per cent as gambling firm raises full-year expectations

first_imgItai Pazner, chief executive of 888, said: 888 shares rocket 25 per cent as gambling firm raises full-year expectations 888 said it remains “excited by the potentially significant medium-to-long-term opportunities for 888 in the US market”. whatsapp He added that the firm would roll out its new Control Centre safe gambling feature later this year, offering customers an improved interface to help them better understand their gambling behaviour. 888 said adjusted earnings for the full year will be “significantly ahead of its prior expectations”, causing shares to jump 25 per cent to 264p in early trading. The Gibraltar-headquartered firm’s hire of former Tony Blair adviser Lord Mendelsohn as its new chairman last week marked the latest in a string of political appointments by gambling giants seeking to brush up their image. Profit before tax soared 130 per cent year-on-year to $50.9m, helped by a 38 per cent jump in business-to-consumer revenue to $361.3m, as pundits took to their screens for entertainment during months of lockdown around the globe. Wednesday 30 September 2020 9:35 am Poppy Wood “888 has performed very well throughout the first half of 2020 with robust year-on-year growth in revenue…This outcome reflects the group’s continued strong levels of customer acquisition, general consumer trends towards increased use of online services especially during the Covid-19 lockdown period and 888’s relentless focus on product leadership.“We recognised early on that the Covid-19 pandemic would have a material impact on the lives of our customers across many global markets and this required an appropriate response from 888. We were therefore quick to increase our vigilance on safe gambling and preventing gambling-related harm.“As a result of the group’s continued momentum, as well as its strengths as a product-centric, responsible and diversified operator, the Board believes that 888 has a unique platform to deliver continued strategic progress during [the second half of the year] and beyond.” Before the Open: Get the jump on the markets with our early morning newsletter 888’s sport revenue was the only sector to feel the weight of the pandemic, decreasing one per cent to $44.1m as events were cancelled during months of lockdown. The group said it expects sport revenue to rebound as stadium floodlights switch back on, with sport revenue for June up 59 per cent year-on-year. Adjusted basic earnings per share grew from $0.067 per share in 2019 to $0.12 in the six months to June. The group’s US revenue shone brightest on the balance sheet, with revenue hiking by 90 per cent year-on-year following strong growth  in New Jersey and robust performances from its business-to-business partners. center_img The results Why it’s interesting whatsapp 888’s group revenue swelled 37 per cent to $379.1m (£295.8m) in the six months to 30 June, up from $277.3m in the same period last year. 888 shares ballooned as much as 25 per cent this morning as the gambling giant raised its full-year expectations after reporting a 130 per cent hike in profit during the pandemic. Online betting firm 888 holdings added almost 1.5m new customers during the Covid-19 pandemic last year (AFP via Getty Images) Announcing 888’s half-year results today, chief executive Itai Pazner said the betting titan was committed to offering safe gambling. 888’s strong spike in revenue came as the group reported growth across the board, including a 48 per cent increase in casino revenue to $260m and a 56 per cent rise in poker revenue to $36.1m. The group issued an interim dividend of $0.032 per share, plus an additional one-off $0.028 per share bringing the total to $0.06 per share. It comes as the government last week announced it will open full-scale review of the 2005 Gambling Act, following mounting criticism from both MPs and peers that current legislation is “not fit for the digital age”. Share What 888 said Show Comments ▼ Tags: Gaminglast_img read more

News / Blockchain platform launches, aiming to take the strain out of letters of credit

first_img© Aleutie Developers of a new blockchain platform believe their system can help tackle the 80% rate of data forgery plaguing the supply chain’s $2.3trn letters of credit (LC) market.As financial instruments, LCs act as a guarantee of payment between importers and exporters through a system managed, usually, by banks.But cofounder of LC Lite Dimitri Kouchnirenko claims four in five LC documents contain discrepancies that add 20% to transport costs through “unnecessary” administration.“Data forgery and manipulation are regular in the current market, as there are numerous intermediaries and no information immutability,” he said.Mr Kouchnirenko’s comments came with the launch of LC Lite, which he believes will reduce fraud within the supply chain and speed up data transfer.The platform enables parties to transfer, track and validate transactional documents directly between one another, thereby replacing traditional interbank messaging systems.Included on the platform is what Mr Kouchnirenko describes as a “network consensus mechanism”, to authenticate all transactions and LCs by LC Lite-approved validator nodes.“The cryptographic security underlying blockchain technology renders trade transaction records stored on blockchain tamper-proof, reliable and verifiable by all parties at all times,” he said.The platform allows importers and exporters to directly establish smart contracts, digitally replicating the LC instrument. Once the contract is digitally sealed, importers submit the title to the trade to investors for the corresponding value, which will then be conditionally credited to exporters.This amount will then appear on an e-wallet in the exporter’s name, to be released once the conditions are met – usually in the form of goods being delivered.“LC Lite revolutionises the LC market by offering a secure and cost-effective solution for importers and exporters,” added Mr Kouchnirenko. “Our trading mechanism is designed to provide trust in cross-border trades, allowing trade parties to issue and manage their own LCs, without the involvement of intermediaries.”A further benefit is that exporters short of cash can sell the value of their e-wallet through LC Lite’s marketplace.The company will begin rolling out the platform in Asia and the Middle East. Mr Kouchnirenko said: Letters of credit are a huge market, perfectly suitable for implementation on distributed ledger technologies.” he said. By Alexander Whiteman 06/02/2019last_img read more

The Beo girls are coming to Laois

first_img WhatsApp Twitter Facebook Pinterest Laois County Council team up with top chef for online demonstration on tips for reducing food waste Laois County Council create ‘bigger and better’ disability parking spaces to replace ones occupied for outdoor dining Previous articleMan due in court today after Abbeyleix car robbery this weekNext articlePrisoner who escaped in Portlaoise remains at large Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of LaoisToday.ie. From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. Tickets for BEO in Portlaoise will be in the region of €80.Pippa O’Connor’s Fashion Factory is in Portlaoise over three days on February 16/17/18 and is in the Midlands Park Hotel.The Fashion Factory is a day out featuring talks on skincare, makeup, a fashion show and the all-important goodie-bag of gifts that each guest is given upon arrival. RELATED ARTICLESMORE FROM AUTHOR The BEO show is coming to Laois!It was announced last night by BEO on their various social media channels that the Heritage Hotel in Killenard will host the event on Sunday, March 11, and tickets are on sale from 9am this Wednesday, February 1.The BEO girls are made up of Doireann and Aoibhinn Garrihy, Sile Seoige and Sharon Connellon and BEO is described as “a health and wellness event” and “an afternoon of dynamic panel discussions, topical keynote speakers and much much more”.“A day to recharge and refocus in a relaxed and welcoming atmosphere, this is the perfect opportunity to spend time with friends, indulge in brunch classics, enjoy an educational and entertaining afternoon to include a dynamic panel discussion, topical keynote speakers, pop-up shops, plenty of laughs and goodies galore,” says the statement about the event.They have recently held sold out events in Galway, Limerick and Clare and have upcoming events in Cork (sold out) and Clontarf, which was also announced last night. Twitter Facebook Council WhatsApp Council Pinterest TAGSBEODoireann GarrihyPippa O’Connor The Beo girls are coming to Laois Permission granted for housing development in Abbeyleix while further homes planned in Portarlington Community Home Lifestyle The Beo girls are coming to Laois LifestyleOut and About SEE ALSO – Funeral takes place of young Laois dad who died tragically in Cork By Steven Miller – 26th January 2018 last_img read more

TDAM names new portfolio advisor for four funds

Fiona Collie Share this article and your comments with peers on social media New York-based Epoch Investment Partners Inc. will take over as portfolio advisor for four of Toronto-based TD Asset Management Inc. (TDAM) funds, the investment management firm announced on Wednesday. Epoch will assume portfolio advisor responsibilities for both TD Global Growth Fund and TD U.S. Large-Cap Value Fund on April 29 and May 9, respectively. The New York firm will also act as portfolio advisor for two of TDAM’s private funds, TD Private U.S. Blue Chip Equity Fund and TD Private U.S. Blue Chip Equity Currency Neutral Fund, starting May 15. Change to Counsel Global Small Cap Fund NEO, Invesco launch four index PTFs Related news Franklin Templeton renames funds with new managers Keywords Fund managersCompanies TD Asset Management Inc. The investment objectives of the funds will remain the same, however, all four will now follow Epoch’s investment philosophy of investing in companies that generate free cash flow and effectively allocate capital. Epoch is a wholly-owned subsidiary of Epoch Holding Corp. managing over $27 billion in assets under management with 67 employees. TDAM purchased Epoch Holding Corp. in March 2013. TD completes acquisition of Epoch Facebook LinkedIn Twitter read more

BCSC announces new enforcement and capital markets regulation directors

first_img IA names Jocelyne Bourgon as new chairwoman Facebook LinkedIn Twitter Related news A couple of senior staffers at the British Columbia Securities Commission (BCSC) are moving into new jobs with the provincial regulator, the BCSC announced on Wednesday. The BCSC is tapping its former director of corporate finance, Peter Brady, as its new director of enforcement. Mark Wang, who was manager, legal services, at the commission, becomes director of capital markets regulation. Share this article and your comments with peers on social media Keywords MarketwatchCompanies British Columbia Securities Commission center_img Brady returned to the commission in 2012 from Qtrade Financial Group, where he was general counsel and corporate secretary. Prior to that he’d been senior enforcement counsel at the BCSC. He has also worked in private practice, and at a public company. Wang joined the BCSC in 2001 as a compliance officer. In 2005, he became manager of self-regulatory organization oversight, and manager, legal services, in 2007. Before that, he was also in private practice. “I look forward to continuing to work with Peter and welcome Mark as part of the executive team at the BCSC,” said Paul Bourque, executive director of the BCSC. “Peter brings valuable industry experience gained in the private sector and at the commission, and Mark possesses a wealth of knowledge in all areas of capital markets regulation.” James Langton Global markets, TSX get a boostlast_img read more

TSX, Wall Street stumble

first_img Toronto stock market dips on weakness in the energy and financials sectors Related news It was a quiet start to the week as Canada’s main stock index dipped into the red on Monday and U.S. stock indices stumbled from their record-setting pace. The Toronto Stock Exchange’s S&P/TSX composite index shed 1.46 points to 15,855.76, with declines in energy and gold shares cancelling out minor gains in the materials, base metals and financials sectors. Share this article and your comments with peers on social media Shares of Eldorado Gold Corp. were among the most actively traded companies on the TSX, with the stock falling 76¢, or 27.84%, to $1.97 at Monday’s close. The Vancouver-based gold miner cut its guidance for gold production from its Kisladag mine in Turkey to 170,000-180,000 ounces at cash costs of $500 to $550 per ounce, down from an estimate of 180,000-210,000 ounces in June. It also placed its guidance for 2018 and beyond under review. South of the border, Wall Street pulled back from all-time highs set Friday after a six-week winning streak. The Dow Jones industrial average dropped 54.67 points to 23,273.96, the S&P 500 index slid 10.23 to 2,564.98, and the Nasdaq composite index gave back 42.22 points to 6,586.83. “We’re seeing very little in terms of reaction to the broad stock market,” said Craig Fehr, a Canadian markets strategist at Edward Jones in St. Louis. “If we look at global equity markets, this is just a repositioning ahead of what’s likely to be a very busy week for earnings announcements, particularly the S&P 500.” “I think we’re seeing a little bit of repositioning domestically as well, as it relates to recalibrating expectations for the Bank of Canada and a future interest rate decision,” added Fehr. “So we’ve seen a little bit of weakness in the loonie.” The Canadian dollar was trading at an average price of US79.09¢, down 0.27 of a cent. The Bank of Canada is scheduled to make its latest pronouncement on interest rates on Wednesday and release its updated forecast for the economy in its fall monetary policy report. The central bank is expected to keep its target for the overnight rate on hold at 1%, but economists will scrutinize its outlook. The economy started the year on a hot streak posting large gains through the first six months of 2017. The strength helped convince the Bank of Canada to raise its key interest rate twice this year, but growth is expected to be slower in the second half of the year. In commodities, the December crude contract added US6¢ at US$51.90 per barrel and the November natural gas contract was up US8¢ to US$2.99 per mmBTU. The December gold contract gained US40¢ to US$1,280.90 an ounce and the December copper contract advanced US2¢ at US$3.19 a pound. Keywords Marketwatch center_img TSX gets lift from financials, U.S. markets rise to highest since March Facebook LinkedIn Twitter S&P/TSX composite hits highest close since March on strength of financials sector David Hodges last_img read more

U.S. consumer prices tick up just 0.1% as inflation stays tame

first_img Associated Press U.S. economy is warming up, but unlikely to overheat: Moody’s Share this article and your comments with peers on social media Businessman Using Calculator With Piggybank And Stack Of Coins On Desk andreypopov/123RF Keywords Inflation Facebook LinkedIn Twitter U.S. consumer prices rose just 0.1% in June, as cheaper gas prices were offset by higher rents and auto costs.The Labor Department said Thursday that the consumer price index increased 1.6% in June from a year earlier. That is down from 1.8% in May and the second straight drop. However, excluding the volatile food and energy prices, core inflation rose 0.3% in June, the biggest increase in 18 months. It rose 2.1% from a year ago. Another jump in prices tightens the squeeze on U.S. consumers Related news Stagflation is U.S. economists’ biggest fear, SIFMA says Inflation has been muted throughout the 10-year expansion, now the longest on record, even as the unemployment rate has dropped to a very low 3.7%. Federal Reserve Chairman Jerome Powell cited persistently low inflation on Wednesday as a justification for potentially lowering short-term interest rates at the Fed’s next meeting in late July.Typically, such a low jobless rate would force employers to offer higher pay to attract and keep workers. Businesses, in turn, would raise prices to offset the cost of higher wages. But that dynamic has not fully kicked in during the current expansion and inflation has been stuck below the Fed’s 2% target nearly the entire seven years since the Fed settled on that figure, according to a separate measure the Fed prefers.Powell had previously described low inflation as transitory, but did not do so in his comments Wednesday during a hearing of the House Financial Services Committee. Instead, he highlighted the fact that very low unemployment wasn’t pushing up wages quickly enough to lift prices, and suggested that meant hiring and economic growth could continue without fear the economy would overheat and push up inflation. That gives the Fed more room to cut rates.In June, core inflation was pushed up by higher rents and a 1.6% jump in used car and truck prices, which followed four straight months of decline. Clothing prices rose 1.1%.Some of the increase in core prices was likely temporary. The cost of household services jumped 0.8%, the most in nearly 30 years, as lawn and garden service costs soared 6.1%, the most since December 1997.Food prices were unchanged, and gas prices fell 3.6%, the second straight sharp decline. The cost of electricity also fell 0.8%, lowering overall inflation.last_img read more

Gippsland Regional Aquatic Centre Opening

first_imgGippsland Regional Aquatic Centre Opening The wait is over… the countdown has begun!Latrobe City Council is excited to announce that our new facility, the Gippsland Regional Aquatic Centre will open to the public from 6am on Thursday 25 March.This state-of-the-art facility features a variety of pools, a fully equipped gym, AquaPlay area, spa, sauna and steam rooms.Programmed group fitness classes, including spin classes, will commence from Thursday 25 March. As a result of COVID-19, delays have been encountered in the delivery of gym fitness equipment, unfortunately this will delay the opening of the gym. Further updates on the opening of the gym will be advised. Latrobe’s new aquatic centre is the flagship project of the Victorian State Government’s $85 million Latrobe Valley Sports and Community Initiative program administered by the Latrobe Valley Authority.Information on memberships, group fitness classes, casual swim fees and how much it will cost to ride the slides can be found at https://www.latrobe.vic.gov.au/leisure /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:community, council, covid-19, fitness, Government, Latrobe, Latrobe City, Latrobe City Council, local council, project, sports, Victorialast_img read more

Trump wraps up three-year effort to weaken auto efficiency rules

first_imgTrump lashes out against carmakers cool to his mileage plan Trending in Canada The new rule is “a deliberate decision to steer us at high speed toward a more dangerous climate,” said Ken Kimmell, president of the Union of Concerned Scientists. “It also cedes American leadership in vehicle manufacturing, putting the automakers at risk in a global market.”The three-year process has also been marked by tumult and repeated delays amid criticism from academics, environmental groups and even the EPA’s own science advisers that the move to weaken the standards was underpinned by shoddy analysis.https://twitter.com/realDonaldTrump/status/1245076618604875779Under the new requirements, the administration said 2026 model-year fleet cars, trucks and SUVs will average roughly 40 miles per gallon as opposed to closer to 47 mpg under the previous standards.“As we have done numerous times over the last three years, today’s announcement again delivers on President Trump’s promise to remove and replace undue – and in this case, unrealistic – regulatory burdens,” Environmental Protection Agency Administrator Andrew Wheeler said in statement.RELATED California has allies battle with Trump over electric carsWheeler said the new standards would save lives and money, while giving motorists more choices about the cars they drive, and blamed the previous standards for driving up the cost of new vehicles. Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Critics say the final regulation also violates federal law that requires the government to set fuel economy standards at the maximum feasible level. Automakers are already producing electric vehicles without tailpipe emissions, proving the standards could have been made tougher — not weakened now, they said. RELATED TAGSFlexNew VehiclesFlex PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca ‹ Previous Next › The Trump administration on Tuesday took the final step in its three-year effort to dismantle Obama-era fuel-economy and greenhouse emissions regulations for automobiles, a process that has fractured carmakers, enraged environmentalists and sparked courtroom battles.Under a rule unveiled on Tuesday, the administration will require automakers to boost the fuel efficiency of new cars by 1.5 per cent per year through 2026, a major relaxation of previous mandates demanding improvements of roughly 5 per cent annually.The effort has sparked a furious response by consumer and environmental advocates, who accuse President Donald Trump administration of obliterating the most effective policy ever enacted to reduce greenhouse gas emissions linked to climate change. COMMENTSSHARE YOUR THOUGHTS Trending Videos See More Videos The Rolls-Royce Boat Tail may be the most expensive new car ever We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Created with Raphaël 2.1.2Created with Raphaël 2.1.2 President Donald Trump arrives for a coronavirus task force briefing at the White House, Sunday, March 22, 2020, in Washington.  Patrick Semansky / Associated Press advertisementlast_img read more

CU-Boulder Announces Finalists For Dean Of Leeds School Of Business

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: March 9, 2005 Three finalists have been named for the position of dean of the Leeds School of Business at the University of Colorado at Boulder. The finalists are Gautam Kaul of the University of Michigan, David W. Stewart of the University of Southern California and Dennis A. Ahlburg of the University of Minnesota, according to William Kaempfer, chair of the search committee and vice provost and associate vice chancellor for budget and planning at CU-Boulder. The committee’s goal is to hire a new dean for the school effective July 1. The first candidate to visit the campus March 13-15 is Kaul, the John C. and Sally S. Morley Professor of Finance at the Ross School of Business at the University of Michigan. Kaul has had extensive administrative experience over the past decade. He served as chair of the finance department from 1995 to 1997 and as associate dean of the Ross School of Business from 1997 to 2002, among other responsibilities. In his role as associate dean, he was responsible for the doctoral program, the research programs and all information technology related activities and initiatives at the school. Kaul earned his doctorate in finance from the Graduate School of Business at the University of Chicago in 1985. He is a fellow of the Indian Institute of Management in Ahmedabad, India. He also has served on the executive committee of the Ross School of Business for several years and on the boards of nonprofit organizations. On March 15-17, Stewart, the Robert E. Brooker Professor of Marketing at the Marshall School of Business at the University of Southern California, will visit. He is the immediate past editor of the Journal of Marketing. He has served as vice president of finance and as a member of the board of directors of the American Marketing Association. He is a past president of the Academic Council of the American Marketing Association, past chair of the Section on Statistics in Marketing of the American Statistical Association, past president of the Society for Consumer Psychology and a fellow of both the American Psychological Association and the American Psychological Society. He also is a former member and past chair of the United States Census Bureau’s Advisory Committee of Professional Associations. From 1999 to 2004 he served as deputy dean of the Marshall School. He also has served as chair of the marketing department at the Marshall School. Prior to moving to the University of Southern California in 1986 he was senior associate dean and associate professor of marketing at the Owen Graduate School of Management at Vanderbilt University. Stewart earned his doctorate in psychology from Baylor University. On April 3-5, Ahlburg, the IR Landgrant Professor of Human Resources and Industrial Relations and Fesler-Lampert Chair in Urban and Regional Affairs at the Carlson School of Management at the University of Minnesota, will visit. He is the senior associate dean of the Carlson School of Management and is responsible for all faculty and research issues, the budget, human resources, executive education and teaching excellence initiatives. He also has served as director of the Center for Population Analysis and Policy at the University of Minnesota’s Hubert H. Humphrey Institute of Public Affairs. Since 2000, Ahlburg has been a member of the National Institute of Health’s Review Panel on Social Sciences, Nursing, Epidemiology and Methods. He earned his doctorate in economics from the University of Pennsylvania. Stephen Lawrence, associate dean for academic programs, is currently serving as interim dean of CU-Boulder’s Leeds School of Business. Lawrence replaced Steven Manaster, who decided not to seek reappointment when his contract as dean expired in June 2004.last_img read more