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first_img De La Rue appoints Cobbold as new chief whatsapp whatsapp British bank note maker De La Rue confirmed the appointment of Chloride chief executive Tim Cobbold as its new CEO, ending months of speculation and uncertainty about the firm’s leadership.Cobbold, who has worked at Chloride since 2007 and formerly worked at Smiths Group, had been in advanced talks with De La Rue over the past month and starts his new job in January.Investors have craved resolution to De La Rue’s leadership hiatus since former chief executive James Hussey stepped down after the company reported serious failings at a paper factory, leading to profit warnings and a slump in its shares. “(Cobbold’s) wealth of experience, including of international business at the most senior level, will be invaluable to De La Rue both in the short term as we work to resolve current uncertainties,” De La Rue’s non-executive Chairman Nicholas Brookes said.Last week De La Rue rejected a takeover approach worth £895m ($1.4 billion) from French rival Oberthur Technologies, calling it “highly opportunistic”. Hussey was highly regarded for his strong network of international and diplomatic contacts, which were seen by analysts as a major advantage in a secretive business which depends on government clients.De La Rue’s shares had shed more than 35 per cent, before regaining some of their value when they rallied 30 per cent on news of Oberthur’s bid. Shares last traded at 834.5 pence each, valuing the company at around £825m. John Dunne Tags: NULL Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Monday 13 December 2010 4:53 am Sharelast_img read more


first_img whatsapp Show Comments ▼ Finding safe havens among oil market worries KCS-content Sunday 27 February 2011 11:43 pm THE oil price is all that matters to markets right now, making many assets difficult to value. So much is unknown about the state of North African and Middle Eastern geopolitics. How long will the violence last? What follows the violence? What type of leadership will be installed? How long will it take for that leadership to come to the fore? Where will the violence spread to next? These are just the “known unknowns”. It’s true that even regimes that have been unfriendly to the West have in the past supplied energy willingly, but markets don’t like uncertainty. So if pricing oil and working out the implications of a potentially higher price are tricky, where are the safe havens? Currency market reaction has been muted. Much of the troubled region itself operates under pegged currency regimes. The Swiss franc has hit an all-time high against the US dollar, proving it still has safe-haven appeal, but the dollar has failed to find much direction in the crisis. But as David Bloom of HSBC has warned, this could be the calm before the storm in FX markets. He also warns against seeking refuge in the currencies that benefit from higher oil prices such as the Canadian dollar and Norwegian Krone. These typically get a boost when oil prices are higher due to increased demand, but this latest spike was caused by a supply shock, not a demand led boom. The traditional safe haven is obviously the bond markets but here investors seem uncertain. Oil prices rose 10 per cent last week but bond yields did not drop by a similar magnitude. When risk trades are out of favour and investors are nervous they typically like to own more fixed income as opposed to equities. But the safe haven status of bonds has come under scrutiny in the past year, as investors have worried if governments will be able to honour their debts. Add to this the concern that an oil price shock could be inflationary and there’s more than one reason to question a flight to bonds. On a positive note, James Shugg of Westpac Bank told me he does not think we need to rush to downgrade global growth if oil prices stay at about these levels (NYMEX light sweet for April was $97.88 a barrel at time of writing). But if prices look like matching the loftiest forecasts out there (Nomura fears $220) then all bets are off and we will all need safer havens.Anna Edwards co-anchors Capital Connection and Squawk Box Europe weekdays on CNBC. http://europe.cnbc.com center_img Share whatsapp Tags: NULL last_img read more


first_img14th April 2020 | By Daniel O’Boyle Sports betting revenue in Iowa increased 55.1% month-over-month to $1.2m for March, despite the shutdown of almost all sports due to the novel coronavirus (Covid-19) pandemic midway through the month. Iowa sportsbook revenue rises despite Covid-19 shutdown Topics: Finance Sports betting Subscribe to the iGaming newsletter Financecenter_img Regions: US Iowa Sports betting revenue in Iowa increased 55.1% month-over-month to $1.2m for March, despite the shutdown of almost all sports due to the novel coronavirus (Covid-19) pandemic midway through the month.Total handle, however, was well below previous months, at $19.6m, down 66.5% from February.The state’s continued flow of sportsbook revenue was thanks to online betting, which brought in $1.2m, down 9.4%. This figure came on a handle of $13.3m, down 64.8%.Retail betting, meanwhile, made a loss of $69,933. While this marked second consecutive month in which the retail sector posted a loss, this was much reduced from the $614,574 loss in February allowing for overall month-over-month growth. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more


first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Slot Machines Email Address Slot games developer Play’n Go has announced it is to expand its offering into Switzerland, revealing it has already agreed content deals with a number of licensed operators in the country.Play’n Go will offer its range of certified content throughout the country, having engaged with and begun on-boarding operators in preparation for the launch.The developer said that the expansion forms part of its ongoing growth strategy, which had also recently seen it go live in Sweden and Portugal, building on its presence in countries such as Croatia, Latvia and Lithuania.“We aim to bring our unique brand of entertainment to as many players as possible; we are always focused on expanding with more exciting content in regulated markets,” Play’n GO chief executive Johan Törnqvist said. “We will continue to expand through 2021 and beyond.“There are still many markets being shaped by regulation; regions like Latin America, the US and even still some parts of Europe are maturing and presenting increased opportunities, and we will always look to capitalise on opportunities.” Slot games developer Play’n Go has announced it is to expand its offering into Switzerland, revealing it has already agreed content deals with a number of licensed operators in the country. 22nd July 2020 | By contenteditor Casino & games Subscribe to the iGaming newsletter Topics: Casino & games Strategy Tech & innovation Slots Play’n Go expands reach into Swiss market Regions: Europe Central and Eastern Europe Switzerlandlast_img read more


first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Legal & compliance Danske Spil partners DBU to stamp out underage gambling 24th August 2020 | By contenteditor Denmark’s former gambling monopoly Danske Spil will collaborate with the country’s football association (DBU) on a new campaign to highlight the operator’s efforts to put an end to underage gambling.The partnership comes ahead of Danske Spil’s Sikkert Spil (Safe Play) campaign, which precedes with the introduction of a new player card from October.First announced in November last year, the Spil-ID card must be shown by all players before they can purchase gambling products at retail locations such as kiosks or supermarkets. Once it comes into force, it must be shown by all players, regardless of age, before they may gamble.“Gambling is for adults, and not for children,” said Niels Erik Folmann, director of the operator’s betting and gaming arm Danske Licens Spil. “For many years we have been working to ensure that no children or young people play products such as Oddset or place bets in shops.“But despite the fact that we, together with our retailers, have put a lot of effort into this, we must unfortunately admit that we have not been able to fully prevent minors from gambling,” Folmann continued. “As a consequence we are now requiring everyone to obtain a personal Spil-ID [card] if they want to pay with us.”The need for this additional age verification requirement was evidenced by a study from Denmark’s National Centre for Welfare Research and Analysis (VIVE), Danske Spil continued. The study discovered that 40% of 12-17 year-olds claimed to have attempted to gamble in some form, and that 27% of 15-17 year-olds gamble regularly each month. Those whose responses suggested they were gambling unsustainably tended to bet on sports, the study revealed.Ahead of Spil-ID’s launch, from September, Danske Spil will run TV, newspaper and in-store advertising campaigns to promote responsible gambling and the solution. 1 September also marks the date from which players can sign up for a Spil-ID card, for which there will be in-app and physical versions available.The DBU will support this campaign through its existing sponsorship agreement with Danske Spil, with Sikkert Spil branding to be displayed on the men’s national football team’s training gear for its Uefa Nations League games against Belgium and England. The campaign will also be promoted through in-stadium branding, and via other channels and platforms.“Preventing children and young people from gambling is an appropriate and responsible measure. We are pleased that Danske Spil is taking the lead [for this] and introducing Spil-ID as part of its responsible gaming efforts,” DBU chief executive Jakob Jensen said.“Therefore, we are pleased that [Denmark’s] national team can help to make the campaign even better known, so that together we fight gambling addiction and other shadowy aspects of betting as a whole,” he added.News of the expanded partnership comes after the DBU last week spoke out against new advertising regulations potentially affecting its ongoing partnerships with Danske Spil and Arbejdernes Landsbank.Amendments to Danish marketing laws, that came into effect from 1 July, state that loans and credit cards must not be promoted alongside gambling products. Following a request for clarification from the DBU, Danish consumer ombudsman (Forbrugerombudsmanden) said that logos for Arbejdernes Landsbank and Oddset can no longer appear next to one another surfaces such as players’ and coaches’ clothes and interview backdrops.Jensen said he was particularly surprised that the legislation would apply in this case, considering both Danske Spil and the bank are part-owned by the Danish state.“We are surprised that the legislation is formulated so broadly that it must affect the close cooperation we have, both for the Danish national football teams and for the clubs,” Jensen said. “At the same time, we note that several political commentators this summer have stated that this is not the intention of the legislation.”The legislation will also affect football clubs, many of which are partnered with Danske Spil and banking groups.  Tags: Mobile Online Gambling OTB and Betting Shopscenter_img Regions: Europe Nordics Denmark Topics: Legal & compliance Marketing & affiliates People Sports betting Subscribe to the iGaming newsletter Email Addresslast_img read more


first_imgNICO Holdings Limited (NICO.mw) listed on the Malawi Stock Exchange under the Insurance sector has released it’s 2005 interim results for the half year.For more information about NICO Holdings Limited (NICO.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the NICO Holdings Limited (NICO.mw) company page on AfricanFinancials.Document: NICO Holdings Limited (NICO.mw)  2005 interim results for the half year.Company ProfileNICO Holdings Limited provides products and services for general insurance, life insurance and pension administration in the corporate and private sector of Malawi; with interests in banking, asset management and information technology services. NICO Holdings Limited operates in Malawi, Zambia, Tanzania, Uganda, Mozambique and Zimbabwe. It was established in 1965, and was the first general insurance company to list on the Malawi Stock Exchange. Its general insurance division covers segments that range from personal accident and household insurance to construction, engineering, professional indemnity, marine hull and cargo, fire and loss of profits. NICO Holdings Limited also offers insurance for individuals and corporate clients which includes endowment assurance and savings protection. The company has a corporate banking division offering standard products and services, aswell as solutions for foreign exchange, investment management and women business programmes. NICO Holdings Limited has invested in providing technology services to clients, including software and Internet systems and communication solutions, card technology and surveillance systems. NICO Holdings Limited is listed on the Malawi Stock Exchangelast_img read more


first_imgKenya Airways Limited (KA.tz) listed on the Dar es Salaam Stock Exchange under the Transport sector has released it’s 2012 annual report.For more information about Kenya Airways Limited (KA.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Airways Limited (KA.tz) company page on AfricanFinancials.Document: Kenya Airways Limited (KA.tz)  2012 annual report.Company ProfileKenya Airways Limited is the flag carrier airline of Kenya. It was wholly-owned by the government of Kenya until 1995 when the airline was privatised. Kenya Airways is now a public-private partnership with the largest shareholder being the government of Kenya (48.9%) and the balance owned by KQ Lenders Company 2017 Ltd (38.1%), KLM (7.8%) and private owners (5.2%). Kenya Airways offers domestic and international flights, ground handling services and handles import and export of cargo. Subsidiary companies of Kenya Airways include JamboJet Limited which provides local passenger air transport services, and African Cargo Handling Limited which provides cargo handling services. Kenya Airways Limited is listed on the Dar es Salaam Stock Exchange.last_img read more


first_imgGamma Civic Limited (GCL.mu) listed on the Stock Exchange of Mauritius under the Industrial holding sector has released it’s 2017 interim results for the third quarter.For more information about Gamma Civic Limited (GCL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Gamma Civic Limited (GCL.mu) company page on AfricanFinancials.Document: Gamma Civic Limited (GCL.mu)  2017 interim results for the third quarter.Company ProfileGamma-Civic Limited is a Mauritian company that provides services in construction, building materials, civil engineering contracting, equipment hiring, hospitality, lottery, corporate secretarial services, energy, trading activities, plant, and property investments. The segments that the company operates through are building materials, contracting, investments, lottery, corporate services, and others. Gamma-Civic Limited is listed on the Stock Exchange of Mauritiuslast_img read more


first_imgNotore Chemical Industries Plc (NOTORE.ng) listed on the Nigerian Stock Exchange under the Agri-industrial sector has released it’s 2019 interim results for the third quarter.For more information about Notore Chemical Industries Plc (NOTORE.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Notore Chemical Industries Plc (NOTORE.ng) company page on AfricanFinancials.Document: Notore Chemical Industries Plc (NOTORE.ng)  2019 interim results for the third quarter.Company ProfileNotore Chemicals Industries Plc is one of the leading fertiliser and agro-allied companies in Africa. The principal activities of the Company are to manufacture, treat, process, produce, supply and deal in nitrogenous fertilizer and all substances suited to improving the fertility of soil and water. The Company has a 500,000 metric tonne Urea Plant in Onne, Rivers State, Nigeria.last_img read more


first_imgNew Vision Printing and Publishing Company Ltd (NVL.ug) listed on the Uganda Securities Exchange under the Paper & Packaging sector has released it’s 2020 abridged results.For more information about New Vision Printing and Publishing Company Ltd (NVL.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the New Vision Printing and Publishing Company Ltd (NVL.ug) company page on AfricanFinancials.Document: New Vision Printing and Publishing Company Ltd (NVL.ug)  2020 abridged results.Company ProfileNew Vision Printing and Publishing Company Limited is a multi-media company with extensive interests in newspaper and magazine publications and television and radio broadcasting. Leading newspaper publications in the New Vision stable include The New Vision, Saturday Vision, Sunday Vision, Rupiny and ETOP; leading magazine publications include Bride & Groom, Flair for Her, Bukedde, Bukedde Lwamukaaga, Bukedde Ku Ssande and Kampala Sun. The company oversees online publications, including sites that advertise jobs, services and activities. New Vision operates a platform for bulk SMSes, polling and aggregation. Radio stations in the media group include XFM, Bukedde FM, Radio West, Radio Rupiny, Etop Radio, and Arua One FM; and free-to-air television channels such as Bukedde TV, TV West, and Urban TV. Its commercial division prints books, annual reports, diaries, calendars and other products corporate stationary needs. Its marketing services division offers expertise in social media and media research services which includes managing online campaigns and organised events. New Vision Printing and Publishing Company is listed on the Uganda Securities Exchangelast_img read more