first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Tags: NULL De La Rue rejects higher Oberthur offer Share alison.lock whatsappcenter_img whatsapp Monday 24 January 2011 7:53 am Banknote printer De La Rue has rejected an improved 935p per share bid proposal from French suitor Oberthur Technologies, saying it still significantly undervalued the group.De La Rue, which has been hit by problems in its key Indian market, said in a statement it had received indications that Oberthur would increase the proposed offer to 935p, after it rejected a 905p offer in December.“The board has carefully considered Oberthur’s revised proposal and believes that it continues to significantly undervalue the company and its prospects,” said chairman Nicholas Brookes.“The board therefore unanimously rejected this latest approach.”Evolution Securities analyst Adrian Kearsey said the increased offer was an improvement but he thought the final price would need to be over £10.“There’s still a material gap so we’re not surprised that 935p has been rejected,” he said. “The question is whether that was just testing the ground for the resolve of the company.“It’s got to be over £10 pounds, £10.20 or £10.40. We’ve got an IMS potentially coming out this week from De La Rue and I think a strong IMS would probably reduce the chance of a successful bid happening.”An offer of 935p would value the group at around £925m. De La Rue’s shares were trading down 2.13 per cent at 802p by Monday afternoon.The share price dropped by around 30 per cent when the company first reported production problems at its plant in July last year. It then warned in November that the difficulties could lead to the loss of a top customer, which sources have said was the Reserve Bank of India.The shares have recovered since Oberthur made its initial bid in December but are still trading well below the offer price as doubts remain over De La Rue’s future work in India and whether a deal will happen. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity 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.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionlast_img read more

first_img whatsapp Show Comments ▼ KCS-content THE RACE to succeed Vodafone chairman Sir John Bond looks set to be won by Philips’ chief executive Gerard Kleisterlee.Vodafone is believed to have shortlisted three people to succeed the mobile phone operator’s current chairman, with Kleisterlee topping the list as the British-based group’s preferred candidate.The announcement of Sir John’s departure from Vodafone in September last year followed considerable investor unrest about the company’s acquisitions strategy.Shareholders led by Ontario Teachers’ Pension Plan attempted to remove him at the firm’s July annual meeting last year through a protest vote, when 6.5 per cent of shareholders voted against his re-election as chairman.Sir John, who was formerly chairman of HSBC, was reported to have said he had always intended to step down at Vodafone.Kleisterlee, who is stepping down as chief executive on 31 March, has worked at the Dutch firm for his entire career. For the past ten years he has helped to steer the electronics company to become a consumer giant as president, chief executive and chairman of the board.He is also non-executive director at oil giant Royal Dutch Shell and a vice-chairman of the European Round Table of Industrialists, and also holds positions on a number of other large companies’ boards.Philips yesterday saw weaker than expected fourth quarter results for 2010, leading to a drop in shares.Net income at the world’s biggest lighting company rose to €463m (£395m) from €251m a year earlier. Analysts had estimated a €513m increase on average.Vodafone is one of the UK’s biggest firms, with a market cap of almost £93bn. Monday 24 January 2011 8:55 pm Philips CEO is frontrunner for Vodafone Tags: NULLcenter_img whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comlast_img read more

first_img whatsapp Show Comments ▼ A smaller state means faster growth Share THERE are many reasons why the coalition is losing the public debate on austerity – but one of them is that it is conceding too much intellectually to its opponents. Neither Tories nor Lib Dems made the positive case for a smaller state and a stronger, larger private sector during the bubble years, and this legacy continues to neuter their arguments today. Their post-crisis conversion to reducing spending has been entirely framed in terms of staving off national bankruptcy, implying that ever-more state spending would still be a good thing in different circumstances. There was some sense in this strategy – but it should have been accompanied by another message: with public spending at 51 per cent of GDP, it is economically right to reduce the size of the state – and would be so even in the absence of a spiralling national debt. There is plenty of academic research that highlights how bloated states impoverish countries, regardless of whether or not they are technically affordable. The latest comes from two Swedish economists, Andreas Bergh and Magnus Henrekson, published by the Research Institute of Industrial Economics. It reports that an increase in government size of 10 percentage points of GDP is associated with a 0.5 to one per cent lower annual growth rate in rich countries. This suggests that the rise in spending from 36.6 per cent of UK GDP in 2000 to 51 per cent in 2010, to use the OECD measure, has been disastrous. This 14.4 percentage point increase in the public sector’s share translates into a reduction in the growth rate of the British economy of between 1.4 per cent and 0.7 per cent a year. Paychecks and living standards are thus much lower today than they would otherwise be. Had spending been restrained, we would be living in a substantially wealthier country today, regardless of the recession, with more jobs and resources at our disposal.All the tightening to date has come from higher taxes – current spending hit a fresh record in November, and only capex has so far come under pressure – so it is no wonder growth remains weak. We need less spending, not just because we cannot afford to borrow as much, but because proper growth is impossible as long as the state sector, with its low productivity, high wastage and limited ability to innovate, remains this large.Bergh and Henrekson find that the only way high tax and spending can co-exist with decent growth, at least temporarily, is if other policies are pro-market: low regulation, low inflation and the maximisation of other kinds of economic freedom. Sweden combined high (though falling) public spending as a share of GDP with decent growth because it liberalised many other parts of its economy in the 1990s (the modern Swedish model is no longer semi-communist). Again, the UK is going the wrong way: marginal tax rates on income and capital are rising, as is the overall burden of regulation, foreign investors are being frightened away, and inflation is out of control. The research also finds that high-trust societies are good for growth and cancel out some of the problems of bloated welfare states – but even if true, that observation is of limited use to George Osborne. Rather than being so defensive over the size of the cuts, he should confront his critics with the findings of these and other economists. Smaller governments are better for growth than larger ones – it is that [email protected] me on twitter: @allisterheath Tags: NULLcenter_img Monday 31 January 2011 9:20 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe 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 AthletesBetterBeSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald KCS-content More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative 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.org whatsapplast_img read more

first_img Albanese between rock and hard place Sunday 20 February 2011 11:05 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Show Comments ▼ Tags: NULL It seems Rio Tinto chief executive Tom Albanese can’t win. After navigating the mining group through choppy financial waters to report record profit, lower debt and a $5bn buyback last week, Albanese’s firm was derided as “pathetic” and “boring” by the market.While a share buyback is generally the last refuge of a board that’s run out of ideas, investors are looking to the bellwether firm to share the spoils of the commodities boom as quickly as possible without the drama of another blockbuster acquisition attempt. Perhaps management should plump for the safe, albeit dull, option and return the cash while they still can. Share whatsapp whatsapp KCS-content last_img read more

first_img whatsapp Share whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Tags: NULL Show Comments ▼ GEORGE Osborne’s Budget must deliver a range of market-friendly policies to increase the rate of return on investment in the UK. That is the message from a group of economists, including Derek Scott, for years Tony Blair’s economic adviser, in a paper for the Reform think-tank. Their analysis of Britain’s accelerating relative decline, which started even before the bubble burst, is sobering. Scott is a gifted economist who spent years battling Gordon Brown and Ed Balls; had Labour listened to Scott, Britain today would be a very different, much wealthier place. His explanation of the financial crisis as a massive intellectual error by central banks draws on the work of Bernard Connolly (now of Connolly Global Macro Advisors, the London-based economist who most precisely saw the crisis coming) and the Austrian economics of F.A. Hayek. It is highly compelling.Between 1974 and 1997, the UK went from being the 18th largest economy measured by GDP per capita to the 16th, out of 25 OECD countries. This was a dramatic break with decades of decline; the legacy of the supply-side reforms of the 1980s meant that the UK continued to improve its performance for several more years after that. By 2005, the UK ranked 12th out of 34 OECD countries, having overtaken the United States, Germany, France and Italy, though this performance was partly inflated by the bubble. Crucially, the UK’s renewed decline was apparent even before the bubble burst, with tax, spend, educational and regulatory policies emerging as a drag on GDP per capita: Britain’s relative position has dropped every year since 2005. By 2009, the UK had fallen back to 16th, overtaken by Sweden, Finland, Germany and Belgium, with the effects of the crisis kicking in.There are other fascinating revelations in the report. Out of the 27 OECD countries, only Greece, Estonia and Denmark had worse household savings ratios during 1995-2008. Manufacturing has declined so much in Britain because wage costs per unit of output have gone up (in part because of regulations and wage rises) at a time when they were falling in the UK’s main rivals, including Germany, the US and Japan. Financial services, by contrast, are the most productive sector of the UK economy at £308,000 in economic value per head (the reason why wages are so high in that industry). Finance has become increasingly productive, with employment remaining constant as a percentage of total UK employment since 1978 (at roughly 4 per cent), while the sector’s contribution to GDP has increased by 6 per cent in the last 15 years. But finance’s economic value per employee may not hold up as leverage declines to a more reasonable level. What of the crisis? Interest rates were kept too low by central banks, while the launch of the euro and China’s manipulation of exchange rates helped fuel asset bubbles. For interest rates to return to “normal” – and for them to rationally balance the cost of spending today with that of spending in the future, rather than distort everything – anticipated rates of return on investments need to rise to ensure profitability at the new, higher, interest rates. This requires lower tax rates, reduced employment regulations, a less restrictive planning system and more besides. The answer, Scott and his colleagues argue, is “more capitalism, not less.” Brown ignored Scott – let us hope Osborne doesn’t make the same [email protected] me on Twitter: @allisterheath Sunday 20 March 2011 11:55 pm KCS-content How to reverse Britain’s slow decline last_img read more

first_imgFriday 1 April 2011 11:17 am Share whatsapp Show Comments ▼ M&S returns to France whatsappcenter_img Tags: NULL Marks and Spencer will return to France this year with stores in Paris and its first international website, it announced today.The new website will be in French and is set to trade in Euros.A new store will be opened in Champs-Elysees, central Paris, in the next few months and will sell both womenswear and food.M&S’s chief executive, Marc Bolland, said: “Marks & Spencer has great brand awareness here in France and a place in customers’ hearts.”The company is also in talks with a UK franchise partner, SSP, about opening M&S Simply Food stores in the French capital.The new stores and website will launch before the Christmas period begins this year.M&S decided to abandon its presence in Western Europe ten years ago, after the years of losses at the stores.In France this sparked protests from both staff and customers, who did not want to be deprived of M&S products.A dozen workers occupied the Parisian flagship store to try and stop it closing down. 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 Famous, Now She Works In {State}MoneyPailSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBe More From Our Partners Sidney Crosby, Alex Ovechkin are graying and frayingnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com John Dunne last_img read more

first_img Share whatsapp Show Comments ▼ Terry Smith launches an attack on share buybacks MAVERICK investor Terry Smith attacked share buybacks as a tool to destroy shareholder value and called for a review of their use yesterday. Smith, an outspoken financier who launched fund manager Fundsmith last year, attacked the practice of using buybacks to raise companies’ earnings per share figure by cutting the number of shares in circulation.“Most share buybacks destroy value for remaining shareholders,” he said. “Simply by executing a share buyback rather than paying out dividends, companies can inflate their earnings per share and are almost universally seen to have created value for shareholders when mostly they clearly have not.” Smith, who is also chief executive of broker Tullett Prebon, called for more analysis of the causes of share buybacks. 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 PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Thursday 14 April 2011 8:58 pmcenter_img Tags: NULL More From Our Partners Man on bail for murder arrested after pet tiger escapes Houston homethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comKansas coach fired for using N-word toward Black playerthegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com KCS-content whatsapplast_img read more

first_img Fresh lawsuit a year after BP Gulf spill KCS-content Share Wednesday 20 April 2011 8:47 pm THE ONE year anniversary of the Deepwater Horizon disaster was yesterday marked by a minute’s silence and a fresh round of legal action against oil major BP. BP’s 80,000 employees held a minute’s silence at 10am yesterday to commemorate the 11 workers who died in the blast last April, which spewed an estimated 5m barrels of oil into the Gulf of Mexico. Halliburton, a US contractor working on the deepwater rig, has filed a lawsuit against BP Exploration & Production claiming breach of contract, according to court documents filed in Harris County, Texas.Halliburton claims that its contract with BP exempted it from certain liabilities linked to any accident, yet it has been hit by numerous lawsuits from those affected by the worst offshore oil spill in US history. It is still too early to know the long-term damage to the Gulf’s ecosystem, but politicians in Louisiana, which bore the brunt of the damage, were yesterday keen to stress that the region remains open for business. “The bottom line is there is a lot of work that needs to be done, but the vast majority of our waters are clean, open and ready for our fishermen,” said Louisiana’s Republican governor Bobby Jindal at a ceremony to mark the event’s anniversary.“We’re inviting America to come down here, have a great time, enjoy our seafood and be part of the greatest rebirth you will ever see.”BP has paid out about $5bn (£3bn) in claims for economic losses through a spill fund administered by Kenneth Feinberg. The spill wiped about $70bn from BP’s market value and spelled the end for chief executive Tony Hayward.“At BP we regret that the accident happened and the impact it has had on the environment of the Gulf Coast and the people living there,” Bob Dudley, who took over as chief executive in October, wrote yesterday. Show Comments ▼center_img whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comColin Kaepernick to publish book on abolishing the policethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Tags: NULLlast_img read more

first_img Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The Gambling Commission has launched an investigation into the use of non-disclosure agreements (NDAs) in operators’ settlements with customers after claiming they could breach licence conditions.Guidance released by the regulator states NDAs should not result in consumers feeling that they cannot notify the Commission, other regulators or law enforcement agencies of conduct which might otherwise be reported.Licensees should also notify the regulator of offences set out under the Gambling Act, including breaches of licence conditions or social responsibility codes of practice.The Commission also said it is keen to ensure consumers do not refrain from reporting matters to the regulator because they anticipate a settlement that contains a condition stating they will not complain to the body.In addition, the regulator said operators must ensure consumers suffering with gambling-related problems should be able to freely discuss their gambling history with treatment providers.In a statement, the regulator said: “Some of these agreements may have had the effect of preventing those consumers from reporting regulatory concerns to us, by either excluding disclosure to any third party or, in some cases, explicitly preventing customers from contacting the Gambling Commission.“We recognise that in certain commercial contexts, use of NDAs is commonplace and such agreements, when used properly, can benefit both parties. Examples of appropriate use might include resolving supplier or intellectual property disputes.”The Commission said it would consider NDAs were being improperly used if their effect was to prevent, impede or deter a person from reporting misconduct or a breach of regulator requirements; reporting an offence to a law enforcement agency; co-operating with a criminal investigation or prosecution or making a protected disclosure under the Public Interest Disclosure Act 1998.The regulator said it could also take action if it found that an NDA was stopping a consumer from seeking treatment for problem gambling and discussing their gambling history with treatment providers, or if its purpose was to influence the substance of such a report, disclosure or co-operation.“If a customer in the course of negotiating a settlement agreement states that they intend to report a matter to the Commission, we expect licensees will normally be able to inform the customer that they have already self-reported the incident,” the Commission said.“When there is a failure to self-report to us…and there has also been a settlement agreement containing an NDA concluded in relation to the underlying facts, this may be seen as an aggravating factor in any regulatory action the Commission may choose to take.”In recent months, the Commission has taken a number of steps in an effort to enhance its consumer protection efforts and responsibly gambling measures. This year, it will launch a new strategy covering 12 priority actions, ranging from consulting a culture of evaluation to piloting intervention. Regions: UK & Ireland 1st February 2019 | By contenteditor The Gambling Commission has warned licensees that using non-disclosure agreements in settlements with customers could prevent consumers from reporting their concerns to the regulator and place operators in breach of their licence conditions. Tags: Card Rooms and Poker Online Gambling OTB and Betting Shops Topics: Casino & games Legal & compliance Lottery Sports betting Bingo Poker Bingo Gambling Commission issues warning over non-disclosure agreements Subscribe to the iGaming newsletterlast_img read more

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Denmark iGaming Dashboard: Q1 2019 Topics: Casino & games Finance Sports betting 31st May 2019 | By Joanne Christie iGaming Business and Ficom Leisure are pleased to present the Denmark iGaming Dashboard, providing revenue and product metrics on the dot.dk regulated market.The regulated igaming market’s run of three consecutive record-breaking quarters came to an end in the first quarter of this year, although Q1’s GGR of €130.2m still represented a 10% rise on the same period the previous year.It was the betting market that dropped off during the quarter, falling 6.7% to €55.5m from €59.5m the previous month. Casino revenues actually rose slightly, increasing to €74.7m from €74.5m the previous quarter.The varying performances of the two verticals took casino’s share of the online market to 57.35%, with slots accounting for the largest portion of this.After slots at 63.0%, roulette was the next most popular game in Denmark at 14.6% followed by blackjack at 12.2%.Interestingly, while mobile accounts for the biggest portion of online play at 56.2%, as the desktop/mobile graph shows, there is a small but steady trend towards more desktop play.Unfortunately, the Danish Gambling Authority (Spillemyndigheden) changed its reporting method this quarter and no longer splits out poker and bingo figures so we’ve had to adjust our graphic accordingly.From this quarter, we have also added monthly self-exclusion figures to Denmark’s ROFUS programme. As can be seen from the chart, the numbers have been steadily rising. In March, the number of people who registered was 18,100, a 32% rise on the previous year.Ficom Leisure also provides exclusive monthly estimates on the Italian online market in the Italy iGaming Dashboard, including operator market shares across casino, sports betting and poker, and on the New Jersey market in the New Jersey iGaming Dashboard. It also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard.A European corporate advisory firm, Ficom Leisure is a specialist in all segments of the betting and gaming sector. Regions: Europe Nordics Denmark Casino & games Tags: Mobile Online Gambling The regulated igaming market’s run of three consecutive record-breaking quarters came to an end in the first quarter, but GGR of €130.2m still represented a 10% rise on the previous year Email Addresslast_img read more