Monday 23 August 2010 8:37 pm Tags: NULL whatsapp KCS-content XAVIER Rolet, chief executive of the London Stock Exchange (LSE), has sensationally quit his position on the board of LCH.Clearnet, sparking rumours his firm is about to launch a rival clearing business.Rolet told LCH.Clearnet he was “too busy” to remain on the board. However a conflict of interests would arise if the LSE was considering launching its own clearing house.Rolet failed to nominate a successor, effectively severing the firm’s ties to the LCH.Clearnet board. The LSE remains a customer with the firm but is understood to be considering the future of the relationship.‘Analyst Joshua Raymond of City Index told City A.M.: “Some are inevitably going to read between the lines and think that this could be a trigger for the LSE to find another clearing provider or indeed build its own, a move that would prove very difficult if its chief executive remained a board member of LCH.Clearnet. Raymond added: “Others may simply believe that Rolet had reached the end of his tether with what is perceived to be very slow decision making at board level. It could well be a combination of both of these factors.”A spokesman for LCH.Clearnet confirmed Rolet had left the board, citing clashes in his schedule. The LSE and Rolet declined to comment.The 16 directors of the LCH.Clearnet board declined to comment or could not be reached last night.A source close to the LSE said: “They have signalled they will look at this area. It won’t be tomorrow but they are reviewing this part of their business. Post trade has become an increasingly important part of trading, particularly as a result of falling trade sizes, making it more expensive.Sources close to LCH.Clearnet played down the significance of the resignation and questioned whether the LSE would be able to compete with the firm’s clearing business.LCH.Clearnet, which is 83 per cent owned by the firms who use its services, is not a profit maximising firm, partially existing to facilitate its owners, meaning it would be difficult for the LSE to compete on a level playing field. Rolet quits LCH amid LSE rival rumours Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoHero WarsBig Boss of internet games!Hero WarsUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndo Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Share whatsapp
Show Comments ▼ Oil and gas services contractor John Wood Group yesterday forecasted a pick-up in its engineering business in the second half of the year as oil and gas companies launch more projects.Wood expects higher levels of potential work and recent contract wins, such as the detailed design for Chevron’s Jack and St Malo deepwater facility in the Gulf of Mexico, to boost its performance in the second half and in 2011.The company, which supplies platforms, pumps, valves and pipelines used in oil drilling, said the gas turbine services market remained relatively weak, but growing demand and cost-cutting would boost the division’s second half performance.The group said its power division had recently won a $150m deal in California, helping to boost orders in 2011.It said it believed its performance for the full year would meet expectations.Wood said longer-term fundamentals of the oil and gas service and gas-fired power generation markets remained strong.“We are well positioned to deliver good medium term growth,” the group said.Shares in Wood Group, which have risen 39 per cent since the start of the year, ended yesterday up 20.5p, or nearly five per cent, higher at 449.90p. whatsapp KCS-content Monday 11 October 2010 8:16 pm Share More From Our Partners Native 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com 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 A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp Wood Group heralds pick-up Tags: NULL
Thursday 13 January 2011 8:34 pm STATE-BACKED German lender Commerzbank is selling a raft of new shares in a debt-for-equity swap, as it looks to raise capital to meet incoming regulations. Germany’s second biggest bank yesterday said it would sell around €640m (£538.3m) of shares to bring up the amount of capital it holds to meet Basel III regulations.Commerzbank plans to sell around 118m shares, priced between €5.25-€5.35 apiece, adding around €640m to the €6.8bn the bank already holds in capital.In a complex transaction, Credit Suisse and several other investment banks will purchase Commerzbank trust preferred securities, a form of hybrid capital.The Swiss bank is joined by Citigroup, Goldman Sachs and UBS, and will sell the shares to institutional investors.Basel III global regulations, which come into force from 2013, require banks to hold higher levels of better quality capital in order to shield them from potential financial meltdown. Commerzbank’s new share issue will increase the amount of core Tier 1 capital it holds, despite it not having “any noticeable impact” on the bank’s Tier 1 capital ratio, a statement said. KCS-content Tags: NULL Capital boost for Commerz Show Comments ▼ Share More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe 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 AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.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 Herald
Operators can optimise their approach to age verification regulations, says James Hiller. Better still, they can grow to benefit from them Topics: Tech & innovation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Driving value from new verification regulations Subscribe to the iGaming newsletter Email Address Tags: Online Gambling James Hiller is business development manager and igaming lead at Onfido, which is aiming to build a new identity standard for the internet. Onfido’s AI-based technology assesses whether a user’s government issued ID is genuine and then compares it against their facial biometrics.On 7 May the GB Gambling Commission’s new customer age verification rules will come into play, meaning users must be verified at registration, verifying their name, address and date of birth before allowing them to gamble.Traditionally, the process for players is that they complete registration, link up their payment method and deposit, meaning any authentication doesn’t occur until the withdrawal stage. This approach means self-excluded and underage users could receive communications from operators – or worse, gamble – before they are verified, which is one of the concerns the regulation aims to combat.Although the changes were announced on 7 February, James Hiller, business development manager at Onfido says the Commission has “been moving steadily towards this aim” for five years. While historically their approach to this may not have been so strong, he says, the wave of less forgiving fines and penalties issued late last year demonstrate this change.“Over the last year we’ve seen different partners and people talk to us with the hope of pre-empting the upcoming changes in legislation,” Hiller says. “Lots of operators have faced fines and there are plenty of scare stories going around. Everyone is trying to figure out the best way to adapt.”Hiller says up until now operators have been getting away with doing just the bare minimum, but these changes require them to shift their thinking from passive and reactive to being more proactive. Hefty finesHistorically, the attitude was one of “get players in, then worry about verification later” but with significant fines on the line, that’s no longer an option. Although people have been expecting this across the industry, Hiller says that operators still aren’t set up for this.This view stems from conversations had with operators and companies at ICE, where Onfido led discussions around early-stage verification as opposed to at the deposit or withdrawal stage. Some responsible operators will see this as a good thing that has been a long time coming. However, Hiller says that the difficulty is that the guidance from the GC is not prescriptive; it says what they should do, not what they categorically have to do.“While they leave certain things to the discretion of operators, they’re also fining them for getting it wrong,” he says. “The anxiety is that while it’s a positive move, there’s not enough guidance on how to actually get it right.” According to him operators are not prepared for the increased cost of earlier identification, and he predicts the number of verifications to increase by four or five times.However, he says this issue is currently more prevalent among smaller operators. “Most larger operators have access to solution providers, like Onfido, that can dedicate resource and time into ensuring due diligence is not only executed but also optimised. “The operators who don’t have that access aren’t equipped staff-wise for this increased level of demand. They either need to hire more people, employ technology or lean on external solutions providers.” Frictionless registrationThe other concern for operators, he says, is in maintaining a frictionless experience. Gaming operators are under increased pressure to ensure they have the right information, and with the cost of traffic and acquisitions being so high as well as high abandonment rates, Hiller says it would seriously damage their businesses to lose more players at the registration stage.For concerned operators, Hiller advises the best approach to making the new normal work lies in educating players about the change and providing a quick, candid and clear sign-up journey. “Signpost what is happening, tell players what documents they will need to have to hand, and you’re less likely to see them drop out of the sign-up process,” he says.Despite the imminent need for this change, Hiller says nobody at this point wants to be the first mover, citing short-term effects to their bottom line as a blockage. “Players expect instant account opening, and it’s important to operators’ business models, too,” he says. “For example, UK sportsbooks will advertise minutes before events start, and expect players to immediately register and begin playing.”Onfido’s identification services require players to submit identification documents and information, which can be run against databases such as birth records, electoral roll and landline numbers. Hiller explains that younger users may not show up on credit reference bureaux as they haven’t had time to build a credit record, but that you can still verify their identity if they provide a passport, for example.Hiller suggests advanced technologies, including facial recognition, are another solution, noting that this is already being used in other sectors such as fintech to prevent fraud and improve the application process. He says, “For gaming operators, facial recognition is a big leap at the moment, and is chalk and cheese compared to what they currently do. However, this is now becoming the norm for younger audiences.As the gaming industry adapts they will expect it to be offered.” Beyond authentication, this technology also opens up opportunities for more stringent protection against fraud, ensuring those who use the identity of others cannot gamble under their names.While operators may have lasting concerns and challenges to face in user identification, maintaining a secure and efficient process will continue to be crucial to success.Join Onfido in an upcoming iGaming Business webinar, ‘Tackling new verification regulations without impacting customer experience’, to learn more about new regulations and how to navigate them. 20th March 2019 | By Josephine Watson Tech & innovation
The UK’s advertising standards authority (ASA) has upheld a complaint against matched betting service Profit Accumulator for suggesting that matched betting could be a solution to financial problems. Tags: Online Gambling Topics: Legal & compliance Marketing & affiliates Sports betting Email Address Subscribe to the iGaming newsletter The UK’s advertising standards authority (ASA) has upheld a complaint against matched betting service Profit Accumulator for suggesting that matched betting could be a solution to financial problems.The complaint concerned two posts on Profit Accumulator’s Instagram account. The first showed an image with the text “Colossal Win 2,380.50” and the caption “Absolutely amazing win from one of our members 12 minutes ago,” followed by a series of hashtags.These hashtags included #makemoney, #makingmoney, #income, #makemoneyfromhome #students and #sahm, which is an abbreviation for stay-at-home mothers.The second post showed a review of the service that said, “In [one] month I have gone from a person struggling to stay afloat who is worrying about their MOT, bills etc to completely flipping my financial position. Could not have got to this position without match betting and without the guidance of Profit Accumulator”.The second post also included the hashtags, #workingfromhome #workingfromhomejobs #workingfromhome #earnmoney #earnmoneyonline.Both ads received a complaint, with the complainant arguing that they suggested matched betting could be a way to achieve financial security.Profit Accumulator acknowledged that both ads included terms around making extra money but said they “did not suggest that the product was an alternative to full-time employment.” In addition, the business said that the the mentions of making extra money were fair because, provided bettors correctly followed instructions, customers were extremely unlikely to lose money.The ASA, however, upheld the complaint and ruled that the ads may not appear in their current forms again. It said that, while it understood that Profit Accumulator’s service itself was not gambling as it simply “provided consumers with information on promotional offers,” it was still considered a gambling product.“Although we acknowledged that some consumers who made use of the service provided by Profit Accumulator would be exposed to gambling services, Profit Accumulator’s service was not itself gambling,” the ASA said. “However, we considered that the purpose of the service was to facilitate gambling and we therefore assessed the ads with that in mind.”In the first ad, the ASA pointed to the use of the hashtags #sahm and #students, arguing it targeted those on lower incomes.“We considered that the hashtags combined with the image of a large sum of money implied that Profit Accumulator’s service could be an alternative to employment or a way to achieve financial security,” the ASA said. “Although matched betting was not itself gambling, because its purpose was to facilitate gambling, we considered that this was irresponsible.”For the second advertisement, the use of the hashtags #workingfromhome and #workingfromhomejobs were of particular interest to the ASA, who said that customers would see the ad alongside similar terms for employment or work that they could do from home.In addition, the ASA felt that the text of the review “suggested to consumers that using Profit Accumulator’s service could change a consumer’s financial position and be a solution to financial concerns”.The ASA added that it issued a warning to Profit Accumulator to avoid suggesting matched betting could be a solution to financial concerns, an alternative to employmnent, or a way to achieve financial security in its ads. ASA bans “irresponsible” matched betting ad Legal & compliance Regions: UK & Ireland AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 11th March 2020 | By Daniel O’Boyle
AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Finance Blackjack, on the other hand, posted strong margins for the month and brought in $64.6m in revenue on $417.3m worth of bets. 28th October 2020 | By Daniel O’Boyle Subscribe to the iGaming newsletter This decline was largely driven by an exceptionally low margin on baccarat. Although players stakes $487.0m more than on any other game – casinos took in just $14.2m, down 86.6% year-on-year. Total revenue for September amounted to $821.1m, on stakes of $10.32bn, up 3.3% month-over-month. This represented the best monthly revenue total since February this year, the last full month of activity before Covid-19 disrupted the US casino market. Table games at the state’s casinos brought in a further $213.6m in revenue on stakes of $1.95bn. The total was down 41.2% from September 2019 – and 1.8% compared to August – though stakes fell 17.9% from the prior year total. Read more on iGB North America. Nevada casino revenue grew 10.5% from August but remained down 22.4% year-on-year, as low margins did not stop the state’s path to return towards normality following its novel coronavirus (Covid-19) shut-down. Topics: Casino & games Finance Sports betting Land-based casino Tags: Las Vegas Nevada Division of Gaming ENforcement Regions: US Nevada Nevada casinos enjoy strongest month since February Slots contributed $607.5m in revenue, down 12.0% year-on-year but up 15.6% from August as players staked $8.37bn. Email Address
Eveready East Africa Limited (EVRD.ke) listed on the Nairobi Securities Exchange under the Industrial holding sector has released it’s 2010 abridged results.For more information about Eveready East Africa Limited (EVRD.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Eveready East Africa Limited (EVRD.ke) company page on AfricanFinancials.Document: Eveready East Africa Limited (EVRD.ke) 2010 abridged results.Company ProfileEveready East Africa Limited manufactures and markets a range of portable power products in Kenya as well as exports products to countries in the East Africa sub-region. Its extensive product range includes dry cell and carbon zinc primary, alkaline and rechargeable batteries; flashlights and portable lanterns; automotive batteries, and CFL and incandescent bulbs sold under the Turbo brand name. Eveready East Africa has a division which supplies batteries and accessories for motor vehicles and trucks. A side division manufactures and sells a range of washing detergents, household bleaches, surface cleaners and fabric softeners under the Clorox and Everclean brands. Formerly known as Eveready East Africa Limited, the company changed its name to Eveready East Africa Plc in 2016. The company head office is in Nairobi, Kenya. Eveready East Africa Limited is listed on the Nairobi Securities Exchange
CopyAbout this officeKennedy Nolan ArchitectsOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesMelbourneHousesAustraliaPublished on April 11, 2013Cite: “Merricks Beach House / Kennedy Nolan Architects” 11 Apr 2013. ArchDaily. Accessed 11 Jun 2021.
AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Individual giving Howard Lake | 15 April 2004 | News “The pack highlights the need for extra funding to support ongoing research into endangered species,” said Sarah Don-Bramah, Account Director, TDA. “Recipients already support WWT through schemes such as bird adoption but we aim to generate more general funds with this campaign.” 22 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Wildfowl & Wetlands Trust (WWT) is targeting its members and supporters to fund research projects that will help endangered species and conserve their habitats.Working with creative agency TDA, WWT’s campaign focuses on a current study tracking the near threatened Lesser Flamingo before expanding to talk about other successful programmes and future plans.“Research is an important part of WWT’s work,” said Kate Green, Head of Fundraising at WWT. “The study of the Lesser Flamingo is in jeopardy and we are hoping that members and supporters will be able to make cash donations to ensure that it can be completed.” Advertisement Wildfowl & Wetlands Trust launches research campaign 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.