Analyst views: How can Barratt build on yesterday’s trading update?

first_img Analyst views: How can Barratt build on yesterday’s trading update? CHRIS MILLINGTON | NUMIS SECURITIESWe are expecting a much better six months ahead, with more points of sale and improved margins. Barratt isn’t massively out of step with other property firms.LUCIAN COOK | SAVILLSBarratt is right to be cautious, as we continue to see a lower transaction market. Its efforts with Hitachi to provide mortgages will help access more markets.RACHAEL WARING | PANMURE GORDONWe are factoring in no volume growth in the next half, with improvement in profitability driven by continued improvement in net margins from new land. whatsapp Show Comments ▼ Wednesday 12 January 2011 8:05 pm Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap whatsapp Share Tags: NULL KCS-content last_img read more

888 posts record earnings despite revenue decline in 2018

first_img Tags: Card Rooms and Poker Online Gambling 12th March 2019 | By contenteditor Bingo Email Address Online gambling operator 888 Holdings has reported record EBITDA for the 12 months through to December 31, 2018, despite also posting a slight decline in revenue for the full year. 888 posts record earnings despite revenue decline in 2018center_img Online gambling operator 888 Holdings has reported record EBITDA for the 12 months through to December 31, 2018, despite also posting a slight decline in revenue for the full year.Total revenue came in at $540.6m (£408.5m/€479.9m), down 2% from $541.8m in the previous year.888 was hit by revenue declines across both its B2C and B2B businesses over the past year, with B2C revenue down by 2% year-on-year to $479.3m and revenue from its B2B arm Dragonfish falling 8% to $529.9m.The operator’s B2C arm was particularly hit by a 37% drop in poker revenue – down to $49.0m – while bingo revenue also slipped 17% to $32.4m. In contrast, casino revenue was up 8% to $317.6m and sport up 6% to $80.3m.Looking to B2B, 888 has said Dragonfish was hit by a number of factors, such as the overall fiscal and regulatory challenges facing the UK bingo market, reduced marketing spend by some partners, and the termination of the deal with former B2B partner Cashcade following its decision to migrate its brands to parent company GVC’s proprietary platform.Despite these declines, 888 was able to boost its earnings performance by cutting back on various expenses during the past year. Operating expenses fell by $1m to $137.8m, while research and development expenses were down from $35.4m to $32.8m.888 also reported lower selling and marketing expenses at $155.0m, compared to $162.5m in 2017, while administrative expenses dipped from $29.2m to $27.3m. In addition, 888 paid less in gaming duties, with this total down from $75.2m to $69.9m.As a result, adjusted EBITDA amounted to $107.1m for the year, a figure that is 6% more than the $100.7m posted at the end of 2017.Adjusted profit before tax was also up 11% year-on-year to $86.7m, while 888 posted a profit before tax of $108.7m, a significant increase on $18.8m in 2017. The operator put this rise down to exceptional income, compared to exceptional charges in 2017, as well as VAT accrual release and gain from re-measurement of previously held equity interest in joint ventures. Once taxes of $13.9m were paid, 888’s net profit for the year stood at $94.8m.Reflecting on the operator’s yearly performance, Itai Pazner, who was appointed as CEO of 888 in January, was pleased with the results, praising the significant strategic progress made by the group during 2018 and since the start of 2019.“Despite headwinds in some areas of the business, the financial performance in 2018 was resilient and we achieved a record EBITDA outcome for the year,” he said. “The group achieved continued growth across several regulated markets, primarily in Continental Europe, underpinned by good momentum in casino and sport.”Pazner also gave an update on 888’s performance and progress so far in 2019, picking out its recent acquisition deals for JPJ Group’s Mandalay operating business, including the Costa Bingo brand, and Irish sports betting operator BetBright as key highlights.“The positive momentum at the end of 2018 has continued into the first quarter of 2019 with average daily revenue in 2019 to date up 10% compared to Q4 2018 reflecting improvements across major KPIs,” he said.“Average daily revenue at constant currency in our UK B2C business is up by more than 10% year-on-year in Q1 so far. Overall, group trading during the financial year to date is 5%* higher at constant currency year on-year.”Looking ahead to the rest of 2019, Pazner spoke positively about further growth prospects for the operator across a number of markets.“Underpinned by the strength of 888’s technology and the significant strategic progress made by the group over recent months, the Board continues to see a number of significant growth opportunities for 888 in both new and existing markets,” he said.However, analysts from Regulus took a much less positive view of the results, suggesting 888 is “losing market share on an underlying basis in most of its core markets”, with only Italy and the Middle East and Africa showing growth.Analysts said: “The big question is whether this is operational (e.g. cutting marketing and development in response to UK pressures and broader regulatory costs) or more structural (e.g. tired brands, legacy technology, lack of mass market capability). The longer the underperformance goes on for, the more likely the reasons are to be found in the latter categories, in our view.”Image: Max Pixel Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Finance Sports betting Bingo Pokerlast_img read more

New Irish cancer foundation established

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 13 November 2006 | News New Irish cancer foundation established Tagged with: Ireland  16 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img An agreement to support international collaboration in cancer control will also be signed at the event. A new cancer foundation which will operate on an all Ireland basis has been launched in Belfast. The foundation, which is being backed by leading businesses, will promote high standards of cancer care for the whole of Ireland with the aim of saving up to 1,000 lives a year. The All-Ireland Cancer Foundation, which brings together business leaders and clinicians, is being chaired by Dr Art Cosgrove. “The burden of cancer in Ireland is too great to leave to governments and health services alone,” Dr Cosgrave said. “The prevention of cancer is everyone’s business, ” he added. The foundation was launched at a major conference on cancer in Belfast. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Ecuador’s pandemic: Rightist regime fails to confront crisis

first_imgIbarra, EcuadorMay 9 — During March and April, U.S. and European media spewed out shocking images from Guayaquil, the biggest city in Ecuador and capital of the province of Guayas on the Pacific Coast. No one in the port city of 2.9 million is untouched by the death of a loved one, a friend, a co-worker or a neighbor.Health care worker transports a dead body outside of a hospital in Guayaquil, Ecuador, on April 3 during COVID-19 pandemic.By mid-March, this financial center of Ecuador was collapsing under the weight of an exponential increase in the number of dead and dying citizens. Morgues and funeral parlors were filled to capacity.  Hospitals were turning away all who were sick, no matter their illness. Cadavers piling up in hospital corridors were thrown into containers. Bodies were cremated on street corners. Prisoners mutinied and began hunger strikes in several prisons.What’s behind this crisis is that during the past three years, the neoliberal regime of President Lenín Moreno privatized the public health system and systematically dismantled it. The system follows the U.S. “just in time,” profit-before-people industry model. Privatization has drastically reduced the number of intensive care units, hospital beds per person and the system’s overall capacity to handle a crisis.Both the movement led by former President Rafael Correa and the Indigenous-based organizations have criticized the Moreno regime for its mishandling of the COVID-19 crisis.The New York Times falsely reported: “Ecuador took early aggressive measures to stop the coronavirus.” Yet a government update revealed that when the first COVID-19 case was confirmed on Feb. 29, there were already seven sick people in Guayas.Following the soccer matches the first week of March, when thousands also packed the beaches, infected numbers rose rapidly into the hundreds, according to Primicias.The virus had entered the country when many from Ecuador’s upper classes, who had been infected in Europe during business or vacation trips, returned to Guayaquil. The government failed to screen and quarantine international travelers at the Quito and Guayaquil airports. Elites then spread the contagious disease in superrich Samborondón, located 15 minutes from the Guayaquil airport, and infected their servants and informal workers.Already on Jan. 30 WHO Director-General Dr. Tedros Adhanom Ghebreyesus warned the world to prepare for a pandemic. Yet two big weddings were celebrated in wealthy Samborondón the weekend of March 14-15. Scores of Guayaquil’s workers served the wealthy guests and carried the virus home to their poor communities.Guayaquil’s nightmare stemmed from the government’s unconscionable failure to prepare for a crisis and its criminal lack of political will to create an emergency fund, which would empower the government to act decisively in the midst of the chaos. President Moreno, who many here consider “the worst president in history,” ignored World Health Organization warnings for weeks on end, earlier this year.(A senior policy analyst at the Center for Economic and Policy Research and former foreign minister Guillame Long published an April 16 article that provides a wealth of background information: tinyurl.com/y8z3sl6c/.)According to data the Civil Registry published May 1, more than 13,500 people died in Guayas, over and above the projected average for the months of March and April. Police discovered five containers loaded with 237 bodies in the parking lot of Los Ceibos Hospital on May 2. Only 106 could be identified.Bosses push to reopenIgnoring the dangers to workers and the population, the chambers of commerce are pushing hard to reopen Guayaquil for business.Minister of Government María Paula Romo approved two major soccer matches attended by thousands of fans the first week of March, negating a Ministry of Public Health ban on large public gatherings.The government imposed a quarantine on March 18 and closed the two international airports in Guayaquil and Quito, Ecuador’s capital. Then, one day after the lockdown started, right-wing Mayor of Guayaquil Cynthia Viteri ordered city vehicles to park on the runway of Olmedo International Airport to prevent the landing of a plane scheduled to return tourists to Europe. This order violated international law.According to revised government data, there were then already 1,628 people infected in Ecuador (111 confirmed) and 1,215 people with symptoms of coronavirus in Guayas (81 confirmed). Only the confirmed numbers based on testing are posted on the Johns Hopkins world chart.Using the revised update, the New York Times concluded that deaths were 15 times higher than reported. Ecuador’s inability to test and accurately report mortality has promoted confusion and shattered the already low public confidence in the government. (April 23)In contrast, comprehensive preventive medicine — as practiced in Cuba, for example — is impossible in Latin American countries ruled by pro-market, pro-rich neoliberals. Only the rich can afford quality sick-care coverage in Ecuador. Currently, most people with possible coronavirus symptoms fear going to a public hospital and being contaminated.In Bolivarian Venezuela, community organizers know each home in every neighborhood and rural district. Every family is registered in a database. This registration facilitates contact in a crisis by teams of health care workers. Ecuador has no such system.Letter of warning to governmentOn April 28, concerned about preparations to reopen the economy on May 4, scores of Ecuadorian organizations for health, epidemiology, human rights, scientists and public servants signed a letter of warning that they sent to President Moreno and Minister of Government Romo. (Published in Spanish at dialoguemos.ec, April 29)The letter states in part: “Conditions for a return to productive activities don’t exist. Due to lack of testing and unreliability of data, the State neither has the ability to confirm all suspicious-probable cases, nor to follow up on them and their contacts. We are unable to handle serious numbers of new cases. Safe working conditions are not guaranteed for health workers. If we cannot ensure safe working conditions for health workers, how do we propose to provide protection for the rest of the workers?“Confinement and crisis have exposed the historical social inequities between economic power groups (who have continued to grow richer in this pandemic) and social groups which survive in overcrowding, precarious employment, lacking social and economic services and goods (including the most essential common good, water), and of course without access to the right to health.“Instead of guaranteeing basic social and economic conditions and rights that make it possible for measures of social isolation to be effective for everyone, state action has resorted to criminalization, repression and abuses by the public forces against the most impoverished groups.”The big businesses and the chambers of commerce are behind the back-to-work plan that has been rejected by most of the country, forcing the government to back off.Part 2: Ecuador regime wages ‘war against workers.’FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Limerick students learn to finance their future

first_imgNewsEducationLimerick students learn to finance their futureBy Liam Togher – April 30, 2014 889 Changes to the Student Support Scheme for people living in Direct Provision Advertisement Print Twitter Previous articleLimerick’s latest prize bond millionaireNext articleLimerick people Keane to support guide dogs Liam Togherhttp://www.limerickpost.ieLiam joined the Limerick Post in December 2012, having previously worked in other local media organisations. He holds an MA in Journalism from the University of Limerick and is particularly interested in sports writing. Students in Limerick colleges to benefit from more than €1.5M funding to assist with online learning RELATED ARTICLESMORE FROM AUTHOR Limerick schools urged to get involved in STEM challenge STUDENTS from Laurel Hill Secondary School took part in a financial literacy programme under tuition from volunteers from Dell.‘Finance Your Future’ is a six-week programme sponsored by the Citi Foundation, with transition year students around Ireland learning about the importance of financial management, the importance of education and its role in improving potential earning power and using credit and cash wisely.Sign up for the weekly Limerick Post newsletter Sign Up The programme began in 2012 and has educated more than 3,000 students nationwide in financial literacy modules. Volunteers from a variety of support organisations, including Dell, have delivered the lessons to students in a classroom setting.More than 90 Laurel Hill students enjoyed the programme taught to them by Dell volunteers Siobhan O’Connor, Stephen Martin and Fearghal Carroll, and career guidance counsellor Eithne Lyons said that the students took enormous benefit from ‘Finance Your Future’.“It is an excellent programme. The students learned through group work, interaction and activities – a perfect recipe.“Siobhan, Fearghal and Stephen are great role models for the students, giving them a real taste of life in the workplace and also how good financial decisions impact on their lives now and in the long term. We are grateful to both Citi and Dell for giving our students this opportunity.”center_img Linkedin Email Facebook TAGSCitiDELLeducationEithne LyonsFearghal CarrollfinanceFinance Your FutureLaurel Hill ColáisteSiobhan O’ConnorStephen Martin WhatsApp Education and Training Board serves up award winning standards Limerick social entrepreneurs honoured for their work in response to covid-19 Consultation process on a new action plan for apprenticeship launchedlast_img read more

LYS to hold 40th anniversary celebration

first_imgLinkedin Limerick Youth Service have launched a new online live information chat service Print Keith Allen, Dylan Graham and Ryan O’Donoghue, who were part ofLimerick Youth Service’s 40th birthday celebrations.Keith Allen, Dylan Graham and Ryan O’Donoghue, who were part ofLimerick Youth Service’s 40th birthday celebrations.LIMERICK Youth Service is inviting past and present volunteers, participants and staff to a celebration evening at the Strand Hotel on Friday, September 26 at 7.30pm.The event marks the formal end to the popular youth organisation’s 40th anniversary celebrations. “Having supported Limerick’s youth for over four decades, we are sure there are some out there with amazing stories that we would like to hear,” said Catherine Kelly, CEO, Limerick Youth Service.Sign up for the weekly Limerick Post newsletter Sign Up “We would like to gather as much information as possible about people’s time with Limerick Youth Service and share it with the wider public. The evening is also our way of saying thank you for the support Limerick Youth Service has and continues to receive from the people of Limerick and beyond,’ added Ms Kelly.The evening will also feature the regional leg of Youth Work Ireland’s Volunteer Achievement Awards with local volunteers nominated in a number of categories.“The categories reflect the diversity of volunteering opportunities at Limerick Youth Service. From a Friday night youth club, to various committees or leading a band of merry men up Croagh Patrick, volunteers contribute their time and experience to our young people,” said Dermot Troy, Limerick Youth Service.Volunteers from this year’s local awards will be put forward for selection for Youth Work Ireland’s National Volunteer Achievement Awards to be held in Dublin in October.Anyone interested in attending the event can contact Dermot Troy at [email protected] Limerick Youth Service bakers create a special ‘Soviet Loaf’ Twitter Facebook TAGSLimerick Youth Service Limerick Youth Service Calling for Additional Investment in Youth Work Sector Advertisementcenter_img RELATED ARTICLESMORE FROM AUTHOR NewsCommunityLYS to hold 40th anniversary celebrationBy John Keogh – September 12, 2014 848 Previous articleAutistic students put at riskNext articleMid West needs more start-ups John Keoghhttp://www.limerickpost.ie WhatsApp Young people graduate from Youth Employability Programme with Limerick Youth Service Email Nordic adventure for Northside teens Teenagers get on their bikes in search of new opportunitieslast_img read more

Exhumation begins at Rathkeale as gardai investigate murder probe

first_imgWhatsApp Twitter Proceedures and appointments cancelled again at UHL Advertisement Previous articleVisitor numbers soar at eagles’ viewing pointNext articleNew support group for Limerick women experiencing separation Staff Reporterhttp://www.limerickpost.ie Walk in Covid testing available in Limerick from Saturday 10th April NewsBreaking newsExhumation begins at Rathkeale as gardai investigate murder probeBy Staff Reporter – September 16, 2014 542 Linkedin Facebook Shannondoc operating but only by appointment center_img Surgeries and clinic cancellations extended RELATED ARTICLESMORE FROM AUTHOR Email Print No vaccines in Limerick yet TAGSfeatured Andrew Carey in [email protected] up for the weekly Limerick Post newsletter Sign Up THE exhumation of a woman found dead in her home over 20 years ago has begun at St Mary’s Burial ground in Rathkeale this Tuesday morning. Limerick woman Margot Seery was found dead in her apartment following a night out and at her inquest, it was found that she died of asphyxiation after choking. However, in a new development to the case, gardai and detectives attached to the cold case unit in Terenure were given new information into the possible circumstances surrounding the woman’s death. Following the granting of an application to the Minister for Justice earlier this summer seeking permission to exhume the body, more than a dozen gardai from the technical crime scene investigation unit and the cold case unit arrived shortly after 7am this Tuesday to begin the work of exhuming the remains of Ms Seery. A garda cordon was put in place at what has been deemed a crime scene as gravediggers started their work. The family plot at St Mary’s Burial ground also has the remains of Ms Seery’s parents as well as her late aunt. A second post mortem is expected to be carried out later at University Hospital Limerick as gardai further investigate this murder probe which is being led by Det Insp George McGeary West Limerick coroner Brendan Nix arrived on scene and said that he had “nothing but the height of praise for what is being done in these difficult circumstances”. More to follow. First Irish death from Coronavirus last_img read more

Missouri jail’s nurse allegedly poisoned husband to marry inmate

first_imgMiller County, Missouri Sheriff’s Office(COLUMBIA, Mo.) — Police charged a jail nurse in Missouri with murder after she allegedly poisoned her husband and tried to cover it up by setting their home on fire — all in a bid to marry an inmate.Amy Murray was arrested on Thursday in connection with the December death of her husband, Joshua Murray, who she allegedly set on fire and poisoned with antifreeze, according to a probable cause statement.She allegedly set the couple’s bedroom on fire and left with her 11-year-old son and dogs to go to McDonald’s, according to the statement. As an alibi, Murray said she found the house on fire when she returned and the smoke was too heavy for her to go inside, according to a probable cause statement.Police said the fire was set intentionally and autopsy results indicated that Joshua Murray died before the fire began, according to the Miller County Sheriff’s Office.Miller County Sheriff Louie Gregoire said they didn’t believe the suspect’s story.“It looked suspicious. The sheriff’s office detectives came in with the fire marshal’s office department and started investigating it and continued from their,” Gregoire told Columbia ABC affiliate KMIZ-TV. “Basically what held up is we were waiting for the autopsy report.”After investigating the incident, police discovered that Amy Murray, a nurse at a correctional center in Jefferson City, Missouri, had an intimate relationship with an inmate, who she planned to marry, according to recorded phone conversations.“During the phone calls, Amy Murray talks about not wanting to be around her husband, Joshua Murray, and was wanting a divorce from him,” the probable cause statement. “Amy Murray talks about wanting Joshua Murray to come home from Nebraska and she is tired of being around him.”She also mentioned that the two could now get married because her husband was dead, the statement said.The Miller County Sheriff’s Office charged Amy Murray with first-degree murder, second-degree arson, tampering with physical evidence and armed criminal action. She was released on a $750,000 bond from the Miller County Adult Detention Center in Tuscumbia, Missouri. She’s scheduled to appear in court on Feb. 13.Her attorney did not immediately respond to ABC News’ request for comment. Copyright © 2019, ABC Radio. All rights reservedlast_img read more

On the move

first_imgRelated posts:No related photos. RNID Typetalk, the national telephone relay service for people withcommunication difficulties, has appointed a new head of HR. Wendy Fallows willhave a strategic role in developing HR plans and policies, which underpin thecompany’s main business plan. Jane McLeod has returned to Lancashire County Council as head of HR. One ofher first tasks will be to tackle a far-reaching pay and grading review, asrequired by the Employers’ Organisation for local government. McLeod waspreviously head of personnel at Blackpool Borough Council. Jane Preece has joined Walsall Housing Group as director of organisationaldevelopment. In her new role, Preece will be responsible for co-ordinating HR,training and development, communications and diversity. Construction materials supplier Aggregate Industries UK has promoted SteveTagg to HR director. He will be responsible for all the company’s HR concernsthroughout the UK and Europe, covering 5,200 employees. Previous Article Next Article Comments are closed. On the moveOn 23 Mar 2004 in Personnel Todaylast_img read more

German lender forecloses on East Side Marriott hotel

first_img Tags Email Address* Full Name* Share via Shortlink Message* Hotel MarketMarriottmidtown east Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink 525 Lexington Avenue and Deka bank CEO Michael Rüdiger (Photos via Google Maps, Getty Images)How do you say “unhappy marriage” in German?Frankfurt-based DekaBank moved this week to foreclose on the former New York Marriott East Side hotel at 525 Lexington Avenue.The German lender claims a $53 million outstanding mortgage loan, which came due in July, according to court records, remains unpaid.The Midtown property’s owner, Lexington Avenue Hotel, is a limited partnership between DekaBank subsidiary Deka Immobilien Investment GmbH, which owns an 85 percent stake, and Ashkenazy Acquisition Corp., the Commercial Observer first reported.The hotel shuttered in March following the outbreak of the coronavirus. Hotels have been among the hardest hit by the pandemic.Read moreSoho Grand owner walking away from struggling hotelMagna Hospitality emerges as New York’s hotel vultureMarriott CEO wants workers back in offices — and traveling for business “DekaBank is looking after its interests through the foreclosure proceedings,” a representative of DekaBank said in a statement. The latest legal action at the hotel follows several others.Ashkenazy sued Marriott last October, claiming the operator had misappropriated $12 million in revenue from the hotel to shore up its pandemic-decimated balance sheet.That followed a 2019 lawsuit in which DekaBank alleged Ashkenazy reneged on a $174 million commitment to take outright control of the hotel.The partners put the 655-key hotel on the market in 2016 but failed to find a buyer, just one year after acquiring it for $270 million.Contact Orion Joneslast_img read more