Tabcorp updates on Covid-19 financing plans

first_imgFinance Topics: Finance Tabcorp updates on Covid-19 financing plans Australian gambling operator Tabcorp has reached an agreement with its US private placement note holders in regards to its financial planning for the ongoing novel coronavirus (Covid-19) pandemic. Subscribe to the iGaming newsletter Australian gambling operator Tabcorp has reached an agreement with its US private placement note holders in regards to its financial planning for the ongoing novel coronavirus (Covid-19) pandemic.Last month, Tabcorp said that it was in talks to secure changes to existing covenants to provide additional flexibility and help mitigate the impact of Covid-19.Tabcorp has now agreed with the holders of AUD$2.1bn (£1.16bn/€1.29bn/US$1.45bn) of fully hedged debt, to waive interest cover covenants and adjustments to leverage covenant ratios in relation to the next two testing dates of 30 June and 31 December.According to Tabcorp, the amendments will provide the business with additional financial flexibility as it continues its efforts to mitigate the impact of Covid-19 on the group.Tabcorp last month also secured an agreement from its bank lenders under its Syndicated Facility Agreement, which represents facilities of A$2.2bn, for a waiver of leverage and interest cover covenants.As a condition of the arrangement, Tabcorp agreed to not to pay a final dividend for its fiscal year ended 30 June, 2020.“Following on from the support of our syndicate banks, we now welcome the support of our US note holders for the financial flexibility they have afforded us in managing the uncertainty created by Covid-19,” Tabcorp’s managing director and chief executive David Attenborough said.Tabcorp had already taken the decision to furlough more than 700 of its staff until 30 June as part of its Covid-19 strategy. Full-time staff were also told to take at least one day of leave per week between 6 April and 30 June, while there was an initial cut of around 40% in the number of technology contractors employed by the business.In addition, Attenborough took a 20% reduction in his fixed pay until 30 June, while board chairman and non-executive director fees were reduced by 10%, also until that date. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling OTB and Betting Shops Regions: Oceania Australia 4th June 2020 | By contenteditor Email Addresslast_img read more

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  • Car production drops after end of scrappage scheme

    first_imgThursday 19 August 2010 5:30 am Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof John Dunne whatsapp Share CAR production in Britain dropped by 8.9 per cent in July as the end of the scrappage scheme hit demand, the Society of Motor Manufacturers and Traders (SMMT) said.Production for the year-to-date was still 41.7 per cent higher than in the same period in 2009, the SMMT data showed. Last month’s drop was the first since October.SMMT Chief Executive Paul Everitt said: “UK vehicle production is more than 40 per cent up on last year’s levels and whilst we expect some challenging conditions, economic growth has returned in all major markets around the world.”The car industry in Britain is largely foreign-owned but it still accounts for a large chunk of the country’s manufacturing output and provides more than 800,000 jobs. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndocenter_img whatsapp Show Comments ▼ Car production drops after end of scrappage scheme Tags: NULLlast_img read more

  • Stagecoach on track for year after sales rise

    first_img BUS and rail group Stagecoach said ticket sales rose across its bus and rail operations in the first half of its financial year and that it expects to meet its profit expectations for the full-year.The FTSE 250-listed group said revenues in its rail business grew 6.5 per cent in the 24 weeks to 17 October. Virgin Rail, in which the group owns a 49 per cent stake, achieved sales growth of 15.2 per cent, the group said in a trading update yesterday. Turnover in Stagecoach’s bus unit rose 2.3 per cent, while its coach operations in North America rose 7.5 per cent. The company said the government’s changes to bus subsidies will not impact profit this year, but that the 20 per cent cut from April 2012 announced last month will affect future decisions on bus fares, tenders and services. The firm returned to the London bus market last month after it bought the East London Bus Group out of administration for £52.8m, but said the purchase will not make a material difference to results in the full year to April. Shares in the company, which have risen a fifth in the last three months, closed up 0.9 per cent at 216.1p. whatsapp Stagecoach on track for year after sales rise Share Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tuesday 2 November 2010 9:39 pm KCS-content whatsapp Tags: NULLlast_img read more

  • Ireland’s bailout won’t halt contagion

    first_img Show Comments ▼ Sunday 28 November 2010 10:04 pm KCS-content whatsapp More From Our Partners Florida 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com 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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Tags: NULL whatsapp Share Ireland’s bailout won’t halt contagion ONLY the naïve will believe that Ireland’s bailout will halt the Eurozone crisis. It is too late for that; the best that the EU/IMF/UK plan will achieve is to slightly delay contagion. The 6 per cent interest rate on the EU portion of the loans is far too high, especially given that Eire’s inflation rate is so low. There will be no haircuts for senior bondholders, though holders of subordinated debt will rightly be hit – a system will be introduced under which private bondholders could be made to share the burden of any future Eurozone sovereign debt restructuring, subject to a case-by-case evaluation “without any automaticity.” A clear system whereby losses are shared is desperately needed. It’s a scandal the bailout culture has still not come to an end. One of the surprises was that Ireland will have to tap into its National Pension Reserve Fund, which has €24.5bn under management. That is a good move. It is galling the UK is being forced to put its hand in its pocket, even though it isn’t part of the euro. But at least nobody believes we are about to be contaminated by the crisis. The coalition’s relatively tough budget has seen to that. But the respite may be only temporary. The UK faces unsustainable commitments and an ageing population. The Adam Smith Institute identifies three fiscal scenarios. The worst, where present spending plans are followed to 2015-16 and all subsequent “proceeds of growth” used to fund higher spending, would result in another crisis by 2019. The second, where the proceeds of growth are split 50:50 between spending hikes and debt cuts from 2015-16, would delay calamity till 2031. The third, where spending is held constant, would eliminate the national debt by 2041.The Institute argues that the best way to achieve spending restraint is for the state to move away from being the insurer of first resort and become instead a safety net. The majority of people would provide for themselves, while the state’s focus will only be on the most needy. Miles Saltiel, author of the report, says the government should mandate a minimum healthcare package that everyone would be forced to buy, and would fund premiums for those unable to afford them. Service providers – such as hospitals – would be privatised, raising £236bn after recapitalising PFI obligations of £28.9bn. The report proposes a tax and regulatory regime to foster private provision of incapacity, income and mortgage insurance. State support would focus on the poor. Education and pensions would also be reformed.While fiscal consolidation has saved us from the Eurozone’s fate, we cannot be complacent. Public spending will explode again as soon as the austerity phase ends – and we are already taxed more than is sensible. The coalition has focused on belt-tightening, decimation and efficiency gains. What we really need is radical structural change in the way services are funded and operated. This will eventually be forced upon us – so we might as well get thinking now. WE NEED YOUR HELPCity A.M.’s annual readership survey begins today. This is a vital way for us to find out what you, our readers, really want so that we can improve your paper further. So please help us. Everybody who fills in the survey will be entered into a draw to win a trip for two to a Sandals luxury resort in St Lucia – and there will also be Bollinger to be won. Please turn to p9 and www.cityamsurvey.com – many, many thanks. [email protected] last_img read more

  • Tax blitz on strong lager

    first_img whatsapp SUPER strength lager will be hammered by higher taxes, Downing Street said yesterday.Beer containing more than 7.5 per cent alcohol will face extra duties from autumn 2011. The March budget is expected to reveal the details.The government will also look to reduce tax on beers that contain less than 2.8 per cent alcohol. “We are pleased that the government has decided to reduce duty for these beers,” said Neil Williams of the British Beer & Pub Association (BBPA).Conservative Treasury minister Justine Greening told parliament the measures would “address the harms associated with problem drinking.”And a spokesman for Prime Minister David Cameron said they would use tax as an instrument to influence people’s choices. “We can create incentives for production and consumption to change,” they said.The tax hike will affect less than 0.5 per cent of alcohol sales, and less than one per cent of beer sales.The news came as local government in Manchester said they would consult the public over plans to impose a minimum price of alcohol on all stores and pubs.But the plans were criticised by Mark Littlewood of the Institute of Economic Affairs. “If the government wants to put personal responsibility at the heart of Britain’s health reforms it must stop nannying people,” he said. KCS-content Tuesday 30 November 2010 8:51 pm Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorFungus EliminatorIf You Have Toenail Fungus Try This Tonight (Genius!)Fungus EliminatorDrivepediaLou Ferrigno Is Now 68 Years Old, This Is Him NowDrivepediaElite HeraldKate Middleton Just Dropped An Unexpected Baby BombshellElite HeraldProstaGenixHow To: Boost Prostate Health (Do This Daily)ProstaGenixArticles StoneMarine Wears Uniform To Graduation, School Ended Up Doing This To HimArticles StoneStuff AnsweredMedicare Changes Seniors Should KnowStuff AnsweredNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyThePennyHoarder.comBroke? Here’s How to Create a $1,000 Emergency FundThePennyHoarder.com center_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tax blitz on strong lager Show Comments ▼ whatsapp Tags: NULLlast_img read more

  • Indian shares boosted by autos

    first_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKansas coach fired for using N-word toward Black playerthegrio.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Indian shares boosted by autos Show Comments ▼ Monday 3 January 2011 10:33 pm Tags: NULL whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity 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 GeniusElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Share Shares in the Indian market have been trading 0.5 per cent up yesterday in a strong start to 2011. The firm asian market was boosted by car manufacturers who saw robust December sales. Tata Motors jumped 2.1 per cent after recording a 31 per cent increase in vehicle sales. Leading utility vehicle maker Mahindra & Mahindra raced 2.2 per cent, thanks to a 42 per cent rise in sales last month. whatsapp KCS-content last_img read more

  • DB fined over mortgage advice

    first_img whatsapp whatsapp Share Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPuffer fish snaps a selfie with lucky divernypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.com Tuesday 22 February 2011 7:40 pm The Financial Services Authority (FSA) has fined DB Mortgages, part of the Deutsche Bank Group, £840,000 for irresponsible lending practices and unfair treatment of customers in arrears. It ordered the firm to pay about £1.5m in compensation to DB Mortgages customers. The FSA said DB Mortgages failed to look at whether there were cheaper deals available for customers seeking self-certified mortgages. It is the first time the FSA has taken such an action. DB fined over mortgage advice KCS-content Tags: NULLlast_img read more

  • Tesco China mall deal marks Sir Terry’s swansong

    first_img Tags: NULL Share KCS-content Tesco China mall deal marks Sir Terry’s swansong More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Show Comments ▼ whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp Monday 28 February 2011 8:25 pm TESCO chief executive Sir Terry Leahy bid farewell yesterday as the chain continued its march into China with a joint venture deal on three malls.Leahy took the helm of the company in 1992 and has steered it towards significant international growth, particularly in the rapidly expanding Asian market. His long planned retirement ushers in a new era for Tesco which he leaves as the world’s third largest supermarket chain. Tesco will hold 50 per cent of the China joint venture alongside a consortium of leading Asian investors including Singapore’s Metro Holdings.The agreement will cover three shopping malls in Shenyang, Xiamen and Fuzhou, each of which includes a Tesco hypermarket as the tenant which will anchor the project. The project is valued at around £170m with Tesco and the joint venture consortium each investing around £30m. Tesco currently operates four malls and 93 Tesco hypermarkets in China. As well as leading Tesco’s move into emerging markets Leahy, 55, drove the company’s move into online groceries. He also engineered the introduction of the Tesco Finest range which helped to open up the brand to slightly more affluent customers. Leahy, who had worked briefly stacking shelves and washing floors in the Wandsworth branch of Tesco in his school holidays, excelled at the University of Manchester Institute of Science and Technology where he studied management science. After being turned down for a marketing executive position at Tesco, he was later recruited and aged 23 became the company’s rising star. He is replaced by fellow Liverpudlian Philip Clarke, with analysts pointing out that the new boss has a big job on to fill his predecessor’s shoes. Meanwhile, Leahy has said he may look at new projects in Asia, rather than retiring to the golf course or the terraces of his beloved Everton Football Club. He said “I will be doing some private investment, taking some big shares in small companies. “These will be in the UK and Asia, and possibly the US.” last_img read more

  • Revenue up at Promethean World but forecasts fall as government cuts bite

    first_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Tags: NULL Show Comments ▼ INTERACTIVE education technology company Promethean World reported better-than-expected annual revenue yesterday, sending shares up more than one per cent, but forecast lower 2011 revenue.Revenue for the year was up 15 per cent at £235.3m. However, chief executive Jean-Yves Charlier said that 2011 revenue would be lower, but would not say by how much.“While market conditions are challenging, we think they will remain so through 2011,” Charlier said.Promethean World, whose biggest competitor is Canada-based Smart Technologies, said revenue from emerging markets grew at about 55 per cent in 2010.“We expect in the course of 2011 that it will also be our fastest growing segment given that austerity measures haven’t necessarily impacted the demand for these technologies,” Charlier said.The company, which supplies interactive white boards and learning software to schools, reported a seven per cent drop in its full-year adjusted operating profit because of a decline in margins and budgetary constraints in the US.The company posted a full-year adjusted operating profit of £27.4m, and a pre-tax profit of £17.1m.Numis Securities analyst Nick James cut his 2011 revenue estimates for the company by 10 per cent to £211m. Share whatsapp whatsapp Revenue up at Promethean World but forecasts fall as government cuts bite KCS-content Tuesday 1 March 2011 7:27 pmlast_img read more

  • Bovis sees sales rise as profit jumps 20pc

    first_img Bovis Homes reported a sales rise of six per cent tot £298.6m it produced an operating profit of £21.6m – up 20 per cent on the previous year. Chief executive David Ritchie said: “The Group has delivered a strong improvement in profit in 2010, driven by increased volumes, stronger sales prices and delivery of cost savings.”Bovis, a debt free business, has spent out £203m on around 3700 plots of land, 80 per cent of them in the south east. John Dunne Monday 14 March 2011 4:32 am Bovis sees sales rise as profit jumps 20pc Tags: NULL Show Comments ▼center_img whatsapp whatsapp Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndozenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comUndoMoneyWise.comThe Worst College In Every US State, RankedMoneyWise.comUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndoZen HeraldShe Inspired Three Of The Most Popular Songs EverZen HeraldUndoTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastUndoDefinitionFake Reality Shows That People Believed Were RealDefinitionUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndolast_img read more

  • J&J in £12bn merger talks with Synthes

    first_img J&J in £12bn merger talks with Synthes Share Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe whatsapp KCS-content More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comcenter_img Swiss medical device maker Synthes yesterday confirmed it is in takeover talks with Johnson & Johnson (J&J) over a deal that could value the firm at about $20bn (£12.3bn).The move would be J&J’s biggest ever acquisition, giving it a leading position in equipment to treat trauma. Synthes, which posted sales of $3.7bn in 2010, makes nails, screws and plates to fix broken bones, as well as artificial spine discs.A Synthes spokesman said: “In response to market speculation, Synthes confirms that it is engaged in discussions with Johnson & Johnson about a potential business combination transaction.”A spokesman for J&J declined to comment.Key to any deal will be Synthes chairman Hansjoerg Wyss – the second-richest person in Switzerland, with a net worth of $6.4bn according to Forbes. Wyss holds 40 per cent of Synthes directly and another eight per cent through family trusts. Some analysts doubt he will be willing to play ball with J&J, which would effectively kill off the deal.Shares in British knee and hip maker Smith & Nephew (S&N) fell more than three per cent on the news that J&J is looking elsewhere.Last year the firm confirmed it had rejected a £7bn bid from Johnson & Johnson and investors had hoped the US giant would come back with a bigger offer. One option for S&N could be a tie-up with US rival Biomet.ADVISER: CREDIT SUISSESYNTHES ADVISERCREDIT SUISSESynthes has not officially confirmed which banks it has hired to advise it on the possible Johnson & Johnson (J&J) takeover but City A.M. understands it will be using its regular bank Credit Suisse. The Swiss bank last month retained its top spot for M&A advisory work.It is acting as financial adviser to fellow medical firm Community Health Systems, which recently increased its offer for Tenet Healthcare Corporation. It is also acting as joint global co-ordinator and bookrunners on the Glencore flotation, which is due to close in May.Credit Suisse advised Prudential on its failed $35.5bn (£23bn) bid for AIA last year and then advised AIA on its successful IPO in Hong Kong in October, where it was valued at more than $35.5bn.Credit Suisse, Synthes and J&J all declined to comment. Monday 18 April 2011 8:05 pm whatsapp Tags: NULLlast_img read more