Private sector recovery still on track

first_img Private sector recovery still on track whatsapp whatsapp KCS-content Monday 1 November 2010 9:38 pm Sharecenter_img Show Comments ▼ WHAT a day for the global economy. In Britain, China and America, manufacturing surveys surged ahead, in every case beating consensus estimates and suggesting strong private sector growth over the next few months. Yesterday’s jump in the global purchasing managers indices were undoubtedly the most bullish indicator I have seen in a long time. The key here is world trade and globalisation: domestic demand in the UK and in the US may be weak, with more realistic credit, falling real incomes and sliding house prices – but the emerging world is booming like never before. One must hope that this can be sustained, helping to rebalance Western economies away from debt-fuelled public and private consumption and towards greater exports of goods and services. Research from Ian Stewart of Deloitte confirms that the broader corporate recovery is also proceeding apace across the industrialised world. During the last month, 238 large companies from rich nations reported third quarter results. These include 214 from the S&P 500, 17 from the FTSE 350 and seven from the Euro Stoxx 50. Deloitte’s analysis shows a strong rise in profits. Over the last year, earnings at S&P 500 firms reporting results in the third quarter have risen 41 per cent. Earnings at FTSE 350 firms rose 29 per cent. Euro Stoxx 600 index earnings rose 31 per cent.No fewer than 79 per cent of third quarter results exceeded expectations. As a result, the average earnings-per-share analysts’ estimate for the S&P 500 have risen 26 per cent. Those for the FTSE 350 are up 65 per cent and for the Euro Stoxx 50 by 18 per cent.Technology firms are doing well. Even airlines are recovering: Ryanair posted strong earnings, BA is back in profit, while Bank of America Merrill Lynch estimates US airlines earned record amounts in the third quarter (though the impact of yesterday’s new security measures in the UK remain to be seen). In contrast, US banks have reported a significant fall in revenues; the repossessions scandal will continue to drag them down.There are three ways these buoyant profits will be spent globally: an increase in stock buybacks, higher dividends and more capital spending. The latter will help drive GDP growth and ensure that the squeeze on consumer and government demand won’t tip the UK into a double-dip. Tim Congdon, who runs International Monetary Research, is another economist who has become more optimistic. He argues that the latest money numbers from the US suggest that the case for another round of quantitative easing (QE) – which he thought was obvious for most of 2009 and early 2010 – is now far from clear-cut. QE’s job is to increase the quantity of money in the hope that this boosts the demand for goods, services and assets. Yet Congdon notes that the M2 money measure has grown in the last three months at an annualised rate of 8 per cent, while the more important M3 measure is also creeping up. If QE2 sees the Fed buy $500bn of long-dated Treasuries from non-banks, this would expand the quantity of money directly by only 2 – 3 per cent maximum. We shall see – but it does seem strange that the US authorities are planning to jump on the QE2 just as some key indicators are improving of their own accord. Let us hope that, just as large chunks of the private sector start to recover, the authorities don’t mess it all up [email protected] Tags: NULLlast_img read more

Sports betting drives French igaming growth in 2018

first_img France’s online gaming market reported year-on-year growth across all three legal verticals in 2018, with the sports betting vertical the standout performer. However ARJEL has suggested that with growth in other verticals still slow, a shift to a revenue-based tax regime may be key to safeguarding the industry in the long-term. Casino & games 18th February 2019 | By contenteditor Regions: Europe Western Europe France Subscribe to the iGaming newsletter France’s online gaming market reported year-on-year growth across all three legal verticals in 2018, with the sports betting vertical the standout performer, while the country’s igaming regulator has suggested that support for a shift to a revenue-based tax may be growing.Revenue for 2018 grew 25% year-on-year to €1.2bn (£1.1bn/$1.4bn), with the €691m contribution from sports betting larger than the contribution from horse racing betting and poker combined. Players wagered €11.4bn across all products, up 24% from the prior year.Poker rake for cash games and tournaments grew 5% to €258m, while revenue from horse racing betting was also up 5%, to €256m.The country’s igaming regulator L’Autorité de régulation des jeux en ligne (ARJEL) said that despite strong full-year figures the market was still relatively fragile as a result of marginal growth in poker and horse racing betting. To remedy this, it suggested that France could reform its igaming tax rate, with plans to shift to a revenue-, rather than turnover-based, tax on sports betting currently being discussed in the French legislature. The regulator noted that this would bring France in line with its European partners.ARJEL estimated that around 2.7m players gambled online over the year, an increase of 40% from 2017.This, it said, suggested that average spend per player fell from €504m in 2017 to €452m in 2018. ARJEL put this down to increased interest in sports betting among new, lower-spending players resulting from the French men’s football team’s successful FIFA World Cup campaign.However ARJEL noted that the strong full-year performance was not just down to the World Cup effect. For the fourth quarter of 2018, market revenue grew 18% to €347m, from stakes of €2.9bn, which represented a 20% year-on-year increase.This was again driven by the sports betting vertical, which saw revenue grow 32% to €215m, with amounts wagered rising 51% to €1.1bn. The majority of wagering activity took place around football, which accounted for €662.9m of total stakes, up 54% from Q4 2017. Basketball was the second most-popular sport, accounting for €162.7m of bets, followed by tennis, which accounted for €111.4m of the total. In-play wagering, while growing, lags behind pre-match betting, accounting for 36% of stakes.The fourth quarter also saw betting on horse racing grow in terms of revenue and stakes, following years of struggles. Revenue for the three months ended December 31, 2018 was up 1% to €67m, with amounts staked rising 2% to €275m. ARJEL said while a second consecutive year of growth did suggest that the vertical was on an upward trajectory, it said that a 2% decline in weekly player activity in Q4 was cause for concern. Active weekly player accounts fell to 138,000 in the period.Poker, meanwhile, benefitted from international liquidity pooling with Spain and Portugal, which helped amounts wagered in cash games grow 11% to €1.0bn, and tournament entry fees rise 5% to €577m. However, Q4 revenue fell 1% to €65m.Looking ahead, ARJEL said that it would pay particular attention to the influx of new players prompted by the World Cup, to ensure they did not develop bad habits. As part of its efforts to protect players, it would look to run similar responsible gambling campaigns to that launched ahead of the World Cup.It will also pay closer attention to predictions and tipping sites, which it said contravened regulations by promoting gambling as a way to make money, rather than as a form of entertainment. Tags: Card Rooms and Poker Mobile Online Gambling OTB and Betting Shops Race Track and Racino AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Topics: Casino & games Finance Legal & compliance Sports betting Poker Horse racing Sports betting drives French igaming growth in 2018last_img read more

Total Petroleum Ghana Limited ( HY2017 Interim Report

first_imgTotal Petroleum Ghana Limited ( listed on the Ghana Stock Exchange under the Energy sector has released it’s 2017 interim results for the half year.For more information about Total Petroleum Ghana Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Total Petroleum Ghana Limited ( company page on AfricanFinancials.Document: Total Petroleum Ghana Limited (  2017 interim results for the half year.Company ProfileTotal Petroleum Ghana Limited supplies petroleum and allied products for vehicles with petrol and diesel engines as well as fuel and fuel oil for the aviation, marine and mining sectors in Ghana. The company also supplies a range of automotive lubricants and special fuels including racing fuels and lubricants, biocides, industry fuels, refining additives and performance additives. Total Petroleum Ghana Limited offers expertise and services to support the mining supply chain which include a fluid analysis laboratory, fuel management system, filtration and contamination management, mobile tank solutions, on-site refueling, road transport safety and solar energy solutions. Total Petroleum Ghana Limited is a subsidiary of Ghanstock Limited. Total Petroleum Ghana Limited is listed on the Ghana Stock Exchangelast_img read more

London Wasps players given sprinting masterclass by track stars

first_imgThursday Jul 18, 2013 London Wasps players given sprinting masterclass by track stars Speed will prove a crucial asset at this year’s J.P. Morgan Asset Management Premiership Rugby 7s Series – and London Wasps may have gained a competitive edge after picking up some sprinting tips from some of Great Britain’s fastest.Team GB track stars Adam Gemili, the newly crowned European Under-23 100m champion, and Jeanette Kwayke paid a visit to Wasps’ training ground to lead a sprinting master class.Tom Varndell, Charlie Hayter and Liam O’Neill were all put through their paces in the scorching heat and each received individual advice on their sprinting technique.Watching on keenly was scrum-half Joe Simpson, who opted out to rest up ahead of pre-season fitness tests, and the 25-year-old believes any piece of advice his team-mates can take into the J.P. Morgan Premiership Rugby 7s series could make all the difference between winning and losing.“We have been picking up a couple of tips ahead of the J.P. Morgan Premiership Rugby 7s and seeing how we can improve our speed, getting out of the blocks and getting that initial burst of speed,” said Simpson.“That is the difference between getting through a gap or not, making the cover tackles or missing them – that’s winning or losing right there.“Any improvement that we can get from different sports and athletics is one we share a lot of fundamental aspects with, any gain is perfect for us.”Gemili, who reached the 100m semi-finals at the London 2012 Olympic Games last summer, was impressed by the talent that was on show and believes he has imparted some wisdom that the squad can use to their advantage in the upcoming season.“I used to play a bit of rugby as a kid so I’ve loved coming here and sharing my sprint knowledge with the guys. Rugby 7s is such an exciting sport to watch and the sheer pace of some of the lads who play it is incredible,” he said.“Speed and power are big parts of their game so today Jeanette and I worked on a number of different elements that can help them with this.“There are a few of the guys here who wouldn’t look out of place lining up on the track but fingers crossed for my sake they stick with rugby.”The J.P Morgan Premiership Rugby 7s kicks off on 1st August at Kingsholm with rounds at Franklin’s Gardens and Allianz Park and the Final at The Recreation Ground. For tickets and more information or follow @jpmorganrugby7sADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Sevens Related Articles 66 WEEKS AGO Part three of the award winning USA 7s documentary… 107 WEEKS AGO Table topping Fiji fly past Australia to… 114 WEEKS AGO WATCH: Touching jersey ceremony for young… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

CAF paid highest ever total to charities in 2016/17

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2 Melanie May | 8 August 2017 | News  102 total views,  4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via Tagged with: Charities Aid Foundation Financecenter_img CAF paid highest ever total to charities in 2016/17  101 total views,  3 views today The Charities Aid Foundation paid a record £539 million to charities in the UK and worldwide last year, breaking the half billion pound barrier for the first time, according to the charity’s annual report.According to the annual report, the level of giving by people and companies through CAF rose for the fifth consecutive year, with donations into CAF reaching a record £611 million.The 2016/17 annual Trustees’ Report shows that:CAF’s private clients – major donors making substantial gifts to charity – gave £284m during the year, up £78m on 2015/16, including some exceptional donationsCAF corporate donors gave more than £98m to charities, up from £76m in 2015/16CAF works with more than 50,000 charities, channelling donations and providing other services to the sectorCAF Bank’s lending grew to £72m, supporting charity projects around the countryCAF Donate, the online fundraising platform, grew by 10%, helping charities raise £25mCAF also launched CAF Investment Account in 2016 to help charities manage charity-specific investment funds online, offering access to more than 4,000 funds via a digital trading platform.Sir John Low, CAF Chief Executive, said:“We are overwhelmed by the level of generosity among the people and businesses who work through CAF to support the causes they care about. Despite economic uncertainty, we have been able to help our donors give well over £500m to charities, amazing resources that will strengthen communities and transform lives all over the world. And we are delighted that so many philanthropists trust CAF to steward and grow their major donations so they can continue giving strategically long into the future.” Advertisementlast_img read more

Captain Tom Moore officially launches his foundation

first_imgIt is supporting four charities in 2020: The Royal British Legion, Mind, Helen & Douglas House, and Willen Hospice.Willen Hospice Chief Executive, Peta Wilkinson, was at the launch, and said:“We are thrilled to be working with the Captain Tom Foundation. Everyone at our charity was truly inspired by his phenomenal fundraising effort for NHS charities. To be part of his Foundation is an honour and a pleasure.“We share common values with the Foundation, and like them, we are committed to giving hope, supporting people facing bereavement and educating people in end of life care and how to support those who are living with a life limiting illness. We thank them for choosing to partner with us.”Charities interested in being considered for future support can email [email protected] Tom broke JustGiving records and went on to raise £38.9m for NHS Charities Together including Gift Aid with the challenge he set himself of walking 100 laps of his garden before his 100th birthday. The Captain Tom Moore Foundation officially launched on 17 September.The Captain Tom Foundation was established in May 2020, with Captain Tom and his family identifying four causes they wished it to support: combating loneliness, supporting those facing bereavement, championing education and equality, and supporting our friends overseas. Captain Tom Moore officially launches his foundation AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10 Tagged with: trusts and foundations About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via  1,497 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10 Melanie May | 21 September 2020 | News As well as officially launching the Foundation, he has now published his official autobiography, Tomorrow Will Be A Good Day.  1,496 total views,  2 views todaylast_img read more

Cuba’s medical brigades fight the pandemic

first_imgSocialist Cuba embodies the spirit of international solidarity by its constant medical aid to countries around the world, especially those impacted by imperialism. This is not just an empty phrase. The true meaning of solidarity is shown every day by teams of Cuban health care workers — the doctors and nurses who have brought their skills and dedication to other Caribbean countries, Latin America, Africa, the Middle East and even to Europe.Since 1998, Cuban doctors and nurses have gone to Haiti to assist in health emergencies and after disasters.            Credit: TelesurWhen governments request help in medical emergencies, this socialist country and its health care professionals are eager to provide it. Fighting diseases or aiding after disasters, whenever medical help has been needed, Cuba has quickly responded.This remains true during the COVID pandemic. Since Cuba’s researchers have developed advanced treatments and medications to deal with the disease, Cubans are glad to share these and to send medical teams to help.The island nation has sent 53 brigades of health workers from the Henry Reeve International Medical Brigades to over 40 countries during the global pandemic emergency, in addition to Cubans already working in 58 countries. (Granma, Nov. 23) Cuban leader Fidel Castro established the Henry Reeve Brigades in 2005 to aid victims of Hurricane Katrina in the U.S., but Cuba’s aid was rebuffed by Washington.Solidarity with HaitiA milestone has been reached that deserves special recognition by supporters of both Cuba and Haiti. This December the Cuban Medical Brigade marks 22 years of providing aid to Haiti, the poorest country in the Western Hemisphere and among the most poverty-stricken nations in the world.In 1998, when Hurricane Georges devastated Haiti, Cuba stepped up and offered medical and other assistance. The Cubans agreed to keep doctors in Haiti, for as long as necessary, and to train Haitian doctors who would return home and care for their own communities.At that time, Haiti’s health care system was impoverished, and the average life expectancy was 54 years. The ravages of U.S. and European colonialism and imperialism had left the public health care system nearly nonexistent.With Cuba’s help, improvements were made in public health and also in literacy. The Cubans particularly assisted the poorest and most remote communities with treatments, medications and health education.When a catastrophic earthquake occurred in Haiti in 2010, 344 Cuban health workers were already working there. The Henry Reeve Brigade sent 350 more medical professionals. For the first 72 hours, it was the Cubans who provided post-earthquake emergency health care, performing surgeries and treating the injured, working alongside their Haitian comrades, before help arrived from other countries.Welcome to ‘Cuban friends’Last spring, after COVID-19 cases were first reported in Haiti, Cuban doctors already stationed in Haiti and ready to return home stayed to help a newly arriving delegation of 348 health workers. Haitian Minister of Health Marie Greta Roy Clement welcomed the “Cuban friends,” recalling their critical assistance after the 2010 earthquake, during a cholera epidemic brought by U.N. “peacekeepers” in October of that year, and after the deadly Hurricane Matthew in 2016. (Workers World, April 15)Luis Olivero, Henry Reeve Brigade coordinator, said Cuban teams have “focused our efforts in fighting against the pandemic.” Even when case numbers rise, “the development of the disease is not chaotic, thanks to our Brigade’s support.” (Telesur English, Dec. 4)A special contingent of Cuban health professionals has supported Haitian doctors in containing the viral spread. Since COVID-19 appeared, Cubans have treated the most severely ill. Elizabeth Segura, Henry Reeve Brigade vice-coordinator, explained, “This is because the Haitian people have a lot of confidence in us.”Scores of peace, justice, medical and solidarity organizations have called for the Henry Reeve International Medical Brigade to be awarded the Nobel Peace Prize for its major contributions to the world’s people during the current pandemic.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Brazzaville editor freed after 18 months in prison

first_imgNews Ailing magazine editor held illegally in Brazzaville for more than a month News RSF and the Committee to Protect Journalists wrote a joint letter to President Denis Sassou Nguesso last September calling for Bemba’s immediate release. Both he and his newspaper have previously been the target of judicial proceedings for publishing criticism of the government. The editor of the independent newspaper Talassa, Bemba was freed in response to yesterday’s decision by a Brazzaville criminal court of appeal granting a request for his release. He continues to be charged with “complicity in a threat to state security.” RSF_en March 31, 2021 Find out more May 4, 2021 Find out more He was arrested on 11 January 2017 and his newspaper was shut down the next day because he reprinted an opinion piece by Frédéric Bintsamou, a former rebel leader also known as Pastor Ntumi, whose fighters had clashed with the regular army in Pool, a department adjoining Brazzaville, from April to December 2016. An agreement ended the conflict and, last week, 80 associates of Bintsamou were freed. to go further March 5, 2021 Find out more RSF issued a press release in March of this year deploring that fact that he had been returned to prison four weeks after being rushed to a hospital intensive care unit in January, and holding the authorities responsible for his state of health. Congo-BrazzavilleAfrica Joint call for Brazzaville journalist’s release News Congo celebrates World Press Freedom Day by sentencing a journalist to six months in prison Organisation “We are relieved by Ghys Fortuné Bemba’s provisional release, not least because he has several ailments that have been exacerbated by his imprisonment,” said Arnaud Froger, the head of RSF’s Africa desk. “This journalist has already lost a year and a half of his life just for publishing an opinion piece by a government opponent. The charges against him must now be dropped as a matter of urgency.” July 3, 2018 Brazzaville editor freed after 18 months in prison Receive email alerts The Republic of Congo (also known as Congo-Brazzaville) is ranked 114th out of 180 countries in RSF’s 2018 World Press Freedom Index. News Follow the news on Congo-Brazzaville Help by sharing this information Congo-BrazzavilleAfrica Le journaliste Ghys Fortuné Bemba. Source: Agence d’Information d’Afrique Centrale Reporters Without Borders (RSF) is relieved to learn that newspaper editor Ghys Fortuné Bemba was released conditionally today after 18 months in pre-trial detention in Congo-Brazzaville and calls on the authorities to drop all charges against him.last_img read more

Durkan calls for executive meeting as minister meet in Tyrone to discuss NI flooding

first_img Durkan calls for executive meeting as minister meet in Tyrone to discuss NI flooding Homepage BannerNews Google+ Twitter Pinterest Google+ RELATED ARTICLESMORE FROM AUTHOR 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan fire 365 additional cases of Covid-19 in Republic Pinterest Main Evening News, Sport and Obituaries Tuesday May 25th center_img Facebook Facebook Previous articleFinn Valley councillor says Donegal cannot be forgotten in flood protection discussionsNext articleNAGP launch “No Doctor, No Village” campaign admin WhatsApp Twitter By admin – January 7, 2016 WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry Further drop in people receiving PUP in Donegal A number of Stormont ministers are meeting in County Tyrone today to discuss flooding in Northern Ireland.The agriculture, regional development and environment ministers will attend the meeting, along with council chief executives and senior representatives of NI Water, Transport NI and the Rivers Agency.However, Environment Minister Mark H Durkan says while todays meeting is to be welcomed as a statrt, the Northern Ireland Executive should also be reconvened as quickly as possible.last_img read more

PSNI investigating criminal damage at Strabane Cemetery

first_img Loganair’s new Derry – Liverpool air service takes off from CODA Nine til Noon Show – Listen back to Monday’s Programme PSNI in Strabane are appealing for information following criminal damage to a number of ornaments at Strabane Cemetery.Police discovered a number of ornaments and statues had been smashed when they attended the scene this morning.The PSNI have condemned those responsible in a post to their social media, saying that “Causing damage to another’s property is wrong but to do so in a place which loved ones hold so dear is particularly concerning.”They have appealed for anyone with information to come forward Arranmore progress and potential flagged as population grows RELATED ARTICLESMORE FROM AUTHOR Google+ Pinterest Homepage BannerNews PSNI investigating criminal damage at Strabane Cemetery Facebook Facebook By News Highland – April 28, 2018 center_img Google+ Important message for people attending LUH’s INR clinic Twitter Previous articleSadness as death of toddler Alfie Evans announcedNext articleA frustrating evening for Derry City – Kenny Shiels News Highland WhatsApp Pinterest WhatsApp News, Sport and Obituaries on Monday May 24th Twitter DL Debate – 24/05/21 last_img read more