Pimco ditches US treasuries

first_imgWednesday 9 March 2011 8:47 pm Show Comments ▼ Pimco ditches US treasuries Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap whatsapp KCS-content whatsapp Share THE world’s largest bond fund, the Pimco Total Return fund, has sold off all of its US Treasures due to worries about the government’s ballooning budget deficit, which is forecast to reach $1.65 trillion this year. In his most recent monthly report, Pimco founder Bill Gross asked: “Who will buy treasuries when the Fed doesn’t?” His fund’s dumping of treasuries was executed speedily last month: they moved from making up 12 per cent of its assets at the end of January to zeo by 28 February. Gross expects the yield on treasuries to rise as the US over-spend continues. Tags: NULLlast_img read more

Land-based shut-down weighs down Svenska Spel in Q3

first_img Tags: Covid-19 Svenska Spel Patrik Hofbauer Casino Cosmopol Revenue for the three months to 30 September fell to SEK1.85bn (£161.3m/€178.5m/$211.0m), in a period that saw restrictions on land-based gaming continue to bite for the operator.  As usual, Svenska Spel’s lottery division Tur accounted for the majority of revenue, with its total up 5.2% to SEK1.18bn. In Q3, high prize pots for Eurojackpot resulted in revenue for the product growing by SEK34m, while games such as Keno and Keno Xpress also reported year-on-year growth.  23rd October 2020 | By Robin Harrison Svenska Spel’s Vegas slot network also suffered, as more than 100 venues hosting the machines temporarily closed as a result of Covid-19, while others have shut down some machines to avoid spreading the virus. Furthermore, the machines were subject to the temporary limits on customer spend. As a result, revenue for the Casino Cosmopol & Vegas division fell 58.7% to SEK177m. “Our sports games are going really well and we are also increasing revenues from number games and lotteries,” Hofbauer said. “The fact that the group’s total revenues are declining is due to the fact that our physical casinos have been closed throughout the quarter.  Regions: Nordics Sweden Svenska Spel explained that the dip in online casino was offset by the return of live sports, which saw sports betting activity return to 2019 levels, and increased revenue for both pool and fixed-odds betting.  Its Sport & Casino division, which includes its regulated online products, was also affected by the SEK5,000 weekly spending cap. Despite these controls hitting casino revenue, revenue for the division was actually up 6.5% to SEK490m.  Casino & games While the business reduced personnel and operating costs during the quarter, this was offset by an increase in amortisation charges and the write-down of assets, including SEK81m in winding-up costs for Casino Cosmopol Sundsvall. Coupled with the decline in revenue, this saw the business’ operating profit fall 16.9% to SEK531m, dropping to SEK527m (down 16.9%) after financial items. Over the quarter, its Casino Cosmopol venues remained closed, having first shut their doors due to novel coronavirus (Covid-19) on 29 March, while the operator announced that its Sundsvall casino would permanently close in August. The land-based shut-down did lead to the online channel’s contribution to revenue growing. In Q3, it accounted for 48% of Svenska Spel’s revenue, ahead of 41% from retail sales. Gaming machines made up 10%, and other sources 1%. This could grow further following the launch of its horse race betting product – something that has proved controversial – Trav & Galopp. However as that only went live in mid-September, it had a “marginal” impact on Q3 revenue, Svenska Spel said. The operator’s chief executive Patrik Hofbauer (pictured) highlighted the progress in two of its three divisions, and noted that despite land-based revenue falling sharply, noted that the business continued to generate profits.  Svenska Spel’s third quarter revenue fell 8.2% year-on-year as growth in its igaming and lottery divisions failed to mitigate the ongoing shut-down of its Casino Cosmopol network and reduced numbers of land-based slots. The business reported a further SEK72m in other revenue, up 30.9%, which comes from revenue share agreements with restaurants that host gaming machines, as well as fees for renting equipment to sales agents.  Land-based shut-down weighs down Svenska Spel in Q3 Topics: Casino & games Finance Lottery Sports betting Land-based casino Online casino Slots Q3 results 2020 Online lottery State monopoly Horse racing Online sports betting Sportsbook Once taxes of SEK86m were factored in, Svenska Spel’s net profit for the quarter dropped 63.9% to SEK441m. However, the prior year’s profit of SEK1.22bn included a SEK590m tax benefit, thanks to SEK687m in deferred tax assets. For nine months to 30 September, Svenska Spel’s revenue amounted to SEK5.55bn, down 9.1% year-on-year. Net revenue, after gaming taxes and revenue-related costs, is down 5.6% at SEK4.02bn. Once personnel, external costs, amortisation charges and write-downs are stripped out, its operating profit was actually up marginally year-on-year, at SEK1.71bn. However, the prior year’s deferred tax assets again skewed comparisons with 2019’s net profit, meaning 2020 to date’s SEK1.33bn total is down 35.3%. “Despite this, the group as a whole is still generating profits, which shows strength and stability.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter After paying out SEK360m in gaming duties, and SEK260m in gaming-related costs, Svenska Spel’s net revenue from gaming operations came to SEK1.30bn, down 8.0%.  Email Addresslast_img read more

Umeme Limited (UMME.ke) 2013 Abridged Report

first_imgUmeme Limited (UMME.ke) listed on the Nairobi Securities Exchange under the Energy sector has released it’s 2013 abridged results.For more information about Umeme Limited (UMME.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Umeme Limited (UMME.ke) company page on AfricanFinancials.Document: Umeme Limited (UMME.ke)  2013 abridged results.Company ProfileUmeme Limited is a power utility company managing the distribution of electricity, electricity supply and after-sales service in Uganda and power sharing with Africa sub-regions. Its electricity distribution division manages the operation, maintenance, upgrading and expansion of the distribution network in Uganda. It consists of approximately 26 202 kilometres of medium- and low-voltage transmission lines which covers the major towns and cities of Uganda. The electricity supply and after-sales service divisions connect new customers to the distribution network, read meters, bill customers and collect revenue as well as deal with customer complaints, restoring power interruptions, managing customer care and educating customers on saving energy. Umeme Limited targets customers in the domestic, commercial, medium industrial, large industrial and street lighting sectors. Umeme Limited is listed on the Nairobi Securities Exchangelast_img read more

GoldLink Insurance Plc (GOLDIN.ng) Q32015 Interim Report

first_imgGoldLink Insurance Plc (GOLDIN.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2015 interim results for the third quarter.For more information about GoldLink Insurance Plc (GOLDIN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the GoldLink Insurance Plc (GOLDIN.ng) company page on AfricanFinancials.Document: GoldLink Insurance Plc (GOLDIN.ng)  2015 interim results for the third quarter.Company ProfileGoldlink Insurance Plc is a life and general insurance company offering insurance products and services to the corporate and individual sectors in Nigeria. The company is licensed to underwrite both life and general classes which encompasses, among others, fire and special perils, motor insurance, life and pension, oil and gas, marine, aviation and travel insurance. Its product portfolio covers oil and gas constructions and operational activities; insurance of cargo, hull and marine machinery; liability insurance; aviation insurance as well as wide range of general insurance and life insurance products. Goldlink Insurance Plc also offers engineering insurance products for machinery consequential loss, erection all risks, contractors all risk, plants all risk, machinery breakdown, boiler and pressure vessel, computer all risk, electronic equipment, bonds, indemnity of share certificate, counter indemnity and professional indemnity insurance. The company was founded in 1992. Its head office is in Lagos, Nigeria. Goldlink Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more

Is now a good time to invest in cheap FTSE 100 dividend stocks?

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Image source: Getty Images. Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Peter Stephens | Thursday, 26th March, 2020 | More on: ^FTSE Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.center_img Buying FTSE 100 dividend shares today may seem to be an illogical move. After all, the index has fallen heavily in recent weeks and could realistically experience further declines in the short run.However, the valuations on offer across the FTSE 100 suggest that investors have factored in the potential risks facing the world economy. The index has always recovered from bear markets in the past. That means it could deliver a successful turnaround in the coming years.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…As such, now may be the right time to buy a diverse range of income shares and hold them for the long run.ValuationsThe FTSE 100’s dividend yield currently stands at around 6%. For any investor who has been trying to generate a passive income from their capital over recent years, this figure is likely to be attractive. In fact, it is currently at its highest level since the index’s inception. It only came close during the global financial crisis.Dividends could be cut by companies across the FTSE 100. But the index’s high yield suggests that investors are pricing-in a significant amount of disruption to the world’s economy. This could mean that investors are now able to buy high-quality businesses while they trade on exceptionally low valuations in many cases. Over time, they could deliver recoveries that equal high returns for their investors.Recovery potentialThe chances of a FTSE 100 recovery may seem to be slim at the present time. The number of coronavirus cases across the world is, sadly, continuing to rise. Many industries will suffer negative effects from government policies. Restricting free movement is bad for business so the near-term outlook for many companies is challenging.However, the world economy has faced challenges in its past that have negatively impacted on its outlook. The financial crisis is a notable example, when several major UK banks were essentially insolvent. This led to a run on the banks, as well as extremely low consumer confidence. Even though a recovery seemed unlikely and did take several years, the index went on to make a new record high.Therefore, even though the recovery from this coronavirus is likely to be a relatively slow process, long-term investors who buy stocks now could generate high returns in the coming years.Time horizonOf course, all of the above discussion focuses on the long-term prospects for the FTSE 100. On that basis, now could prove to be an excellent time to invest.Clearly, over the short run there is scope for the index’s price level to move lower. But, if you are able to overlook paper losses in the coming months and focus on the recovery prospects for your portfolio, buying shares today could have a very positive impact on your financial future. Is now a good time to invest in cheap FTSE 100 dividend stocks? I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” See all posts by Peter Stephenslast_img read more

Apopka Historical Society installs officers

first_img Why are historical societies important?“History is the witness that testifies to the passing of time; it illuminates reality; vitalizes memory;provides guidance in daily life and brings us tidings of antiquity.” -CiceroFrom The Apopka Historical SocietyWhat does the word Apopka mean?In our 21st century existence, and through modern technology, social media, and apps, we are in constant contact with our friends, our families, our work, and the news of the day both local, national and global. Any information or history we need is a mere google search away on our phones, I-pads, laptops or PCs. In many ways, the information-age delivers anything we need to know in seconds and has made the search for history obsolete.Or has it?Small historical societies, like the one in Apopka, play a major role in protecting and preserving the historical record, and also to interpret the past to its residents. Their mission is to preserve the legacy of their ancestors, to commemorate local heroes, and to maintain historical architecture and landmarks. The Apopka Historical Society are the keepers of Apopka’s deep-rooted legacy.How old is the Highland Manor, and why is it important to Apopka history?The Apopka Historical Society is proud to announce that the following individuals have been installed as officers: Cheryl Kilsheimer, president; Francina Boykin, vice president; Trudy Weiss, secretary; Mary Elizabeth Wheeler, librarian and Belle Gilliam, curator emeritus. Additionally, the following individuals have graciously accepted to volunteer with the museum in these roles: Betty Ann Huntsman, displays; Ed Velazquez, membership; Barbara McLeod, events; Dianne Faircloth, historian, and Terri Morrell, communications/public relations. “The Museum of the Apopkans is one of Apopka’s best-kept secrets. Our new team intends to change that,” Cheryl Kilsheimer, president, said. “The new team is excited about the opportunities the museum has to enrich the lives of Apopka residents.” What Little League team from Apopka once won a world championship?The Museum of the Apopkans, located at 122 East Fifth Street, includes exhibits about the history of Apopka and Northwest Orange County. The museum is operated by the Apopka Historical Society, which was formed in 1968 after Edward A. Miner, who displayed his exhibit of early Apopka artifacts at the Folk Festival that same year. Miner was soon joined by the Central Florida Anthropological Society and several artists: Bertha Wolz, Betty Jamison, Vickie Doggett, and David Findley. The society was incorporated in 1971 with Elizabeth Grossenbacher as president, Mildred S. Whiteside was vice president, Reba R. Evans as secretary, and Miner as curator. The first Board of Directors included John H. Land, Elin Larson, and Mary Lee Welch.Who was AJ Lovell and why was a school named after him?These are the types of questions that make historical societies important. It puts those of us in the present in touch with the people of the past who shaped our landscape, named our landmarks, and made the decisions that ultimately affect us today. If you are curious about any part of Apopka’s history, plug your I-phone into its car-charger and visit the Museum of the Apopkans. You owe it to yourself to experience the history of Apopka face-to-face.The Museum of the Apopkans is open Tuesday to Friday 1-5PM.  UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Florida gas prices jump 12 cents; most expensive since 2014 Share on Facebook Tweet on Twitter LEAVE A REPLY Cancel reply Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom You have entered an incorrect email address! Please enter your email address here Please enter your comment! Please enter your name here TAGSApopka Historical SocietyMuseum of the Apopkans Previous articleWater conservation certification up 200%Next articleApopka Weekly Arrest Report Denise Connell RELATED ARTICLESMORE FROM AUTHOR Save my name, email, and website in this browser for the next time I comment.last_img read more

Sona Taumalolo and Yoann Maestri red carded for France vs Tonga fight

first_imgSunday Nov 17, 2013 Sona Taumalolo and Yoann Maestri red carded for France vs Tonga fight France and Tonga each had a player red carded following a punch-up at the beginning of the second half of what was an ill-tempered game in Le Havre. France came out 38-18 victors, avenging the 19-14 defeat to Tonga in the 2011 Rugby World Cup. France scored four tries to two and had the boot of Morgan Parra to slot two conversions and four penalties. Despite the comfortable win, France will need to go up a notch next weekend when they face the Springboks. Captain Thierry Dusautoir was satisfied with the result however.“It’s pleasing. We’ve erased what happened at the World Cup and we can move on to something else,” he said. “We’re very happy but the black mark was losing Yoann (Maestri red card).”Shortly before halftime Taniela Moa was yellow carded for elbowing hooker Dimitri Szarzewski, and France scored from the resultant scrum. They went into the break with a 21-6 lead.Yoann Maestri and Sona Taumalolo then got in a tangle from the second half restart as a bit of contact led to punches being thrown, and a number of players joining in.Referee Glen Jackson, upon referral with his touch judges and the TMO’s TV replay, felt that two red cards was the fairest way of dealing with it. Maestri was clearly dejected, and probably felt pretty hard done by as he appeared to take the first punch on the chin before retaliating.We’ll get highlights from the match, and the other big ones this weekend, archived soon too.ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Big Hits & Dirty Play Related Articles 25 WEEKS AGO Suspensions handed down after testicle grabbing… 26 WEEKS AGO The ‘double ruffle’ splits opinion with fans… 26 WEEKS AGO WATCH: The nastiest and most brutal moments… 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 TodayNueeyIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingDoctors Stunned: This Removes Wrinkles Like Crazy! (Try Tonight)Smart Life Reports30+ 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

Duchess of Cornwall becomes Patron of Emmaus

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 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. Howard Lake | 18 September 2006 | News HRH the Duchess of Cornwall has become Royal Patron for the homelessness charity Emmaus in the UK.Emmaus offers homeless men and women a home and work within a supportive community environment. Residents sign off unemployment benefits and work full-time at the business of the Community, collecting, refurbishing and selling donated furniture and household goods. Each Community aims to be financially self-sufficient through this work.Terry Waite, President of Emmaus in the UK said today: “We are so pleased to be able to welcome The Duchess of Cornwall into the family of Emmaus. Her contribution will be of tremendous benefit to this charity which is working so creatively with homeless people.”www.emmaus.org.uk Duchess of Cornwall becomes Patron of Emmaus  41 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Celebrity Volunteeringlast_img read more

Charity workers encouraged to become trustees

first_imgCharity workers encouraged to become trustees Howard Lake | 29 January 2007 | News She said that 93 per cent of charities have between one and five vacancies on their boards. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 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.center_img  21 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Volunteering The Governance Hub, together with the Charity Commission and Volunteering England, has launched a Get on Board trustee recruitment campaign.The campaign aims to inform people about trusteeship and to recruit a ‘new generation’ of trustees. It will also highlight the benefits enjoyed by people from within the volutary and community sector who have become trustees. Jolanta Lasota of the Governance Hub said: The voluntary and community sector is crying out for people to enter their boardrooms as trustees to make decisions that will shape the future of our society. We want to encourage charity employees to use the knowledge and skills they have learnt on the job and, in return, to gain personal satisfaction, new experiences and enhanced skills. Advertisementlast_img read more

Macmillan uses emoji treasure hunt to encourage people to explore its website

first_img Tagged with: Digital emoji Humour Macmillan Cancer Support  191 total views,  1 views today Yesterday Macmillan Cancer Support marked World Emoji Day with an emoji treasure hunt on its website. The charity aimed to drive more people to its website and encourage them to explore it.Using Twitter to offer a string of clues about where to find them, Macmillan had hidden a selection of emojis around its website. The first person to find and tweet three emojis won a small prize from the charity. 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. The emoji treasure hunt was designed as some weekend fun for its supporters and followers – although maybe not quite on the scale that Pokemon GO is currently attracting – but it also helped reinforce its message of what the charity does. The hidden emojis all linked to Macmillan’s key milestones in emoji form which replaced its ‘Who we are’ webpage for the day. The emoji history started from when the charity was founded in 1911 by Douglas Macmillan to present day.Emojis used in the treasure hunt ranged from ‘the purse’ to ‘the pizza’, highlighting the financial support the charity offers for people affected by cancer as well as its partnership with PizzaExpress. The charity also encouraged followers to share a green heart emoji to promote its work: Howard Lake | 18 July 2016 | News  192 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis39 Macmillan uses emoji treasure hunt to encourage people to explore its website Macmillan reports that tweets from the day received over 130,000 impressions and almost 1,700 engagements. A number of the tweets receiving some of the highest levels of impressions for the charity over the past month.Lynda Bewley, Digital Engagement Manager at Macmillan Cancer Support said:“World Emoji Day is a great reason to create some fun content and engage our supporters. Our emoji treasure hunt enabled us to direct people to our website, which is a resource that we are very proud of. Our emoji history reinforces all of the fantastic things that Macmillan does for people affected by cancer including financial, emotional, practical and medical support.” AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis39last_img read more