ITEM: cuts won’t cause double-dip

first_img THE UK faces a slow economic recovery but fears of a double dip recession are overdone, one of the UK’s top forecasters will say today.The Ernst & Young Item Club – which uses the Treasury’s own economic model to make its predictions – also suggests that far from hurting the economy, Wednesday’s Comprehensive Spending Review will stimulate activity with investment to grow nine per cent next year. The news will come as a boost to Chancellor George Osborne, who yesterday vowed to keep to his schedule for cutting the deficit.The Item Club report says current uncertainty over where Osborne’s axe will fall has led businesses to hoard cash. However, once the scale of spending cuts is known, companies will start spending.In a further boost to Osborne, 35 business leaders will today urge him not to slow down the cuts. They include Andy Bond, chairman of Asda, Gordon Frazer, boss of Microsoft UK, Ian Livingston, boss of BT, and Charles Dunstone, chairman of Carphone Warehouse.Peter Spencer, Item’s economic advisor, said GDP growth would be 1.4 per cent this year and 2.2 per cent in 2011. Spencer said exports were likely to pick up from mid-2001. Inflation would also begin to ease towards the second half of 2011 and come below target from January 2012, while the Bank of England’s base rate was unlikely to change. But wage growth remains below 2 per cent, with real income to fall one per cent next year.Some departments will suffer much more than others. The Ministry of Defence will see real cuts of 8 per cent, with troop numbers cut to 95,000. The NHS will see its funding go up in real terms, as will foreign aid. The schools budget appears to have been largely protected. It is believed that the Ministry of Justice could lose up to 30 per cent, hitting courts and prisons, while the Home Office will also be slashed.But yesterday Osborne confirmed funding of major infrastructure projects such as Crossrail – giving Boris Johnson a boost – Mersey Gateway, the science project Diamond synchrotron and universal broadband. He also announced plans for a three strikes rule, which would mean cheats would be denied benefits for three years following three convictions for benefit fraud. There are also likely to be other large cuts to welfare and social spending.The Transport Department is also likely to be hit by large cuts. There is talk of massive, 40 per cent rises in train fares over the next few years. Other departments such as Energy, the Foreign Office and Culture will be slashed. KCS-content Sunday 17 October 2010 11:50 pm whatsapp Share Tags: NULL ITEM: cuts won’t cause double-dip whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal 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.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timeslast_img read more

Latvia gambling revenue grows to €307.1m in 2019

first_imgBingo Regions: Europe Baltics Latvia Latvia gambling revenue grows to €307.1m in 2019 Topics: Casino & games Finance Sports betting Bingo Slots Table games 4th March 2020 | By contenteditor Subscribe to the iGaming newsletter Latvian gambling regulator the Lotteries and Gambling Supervisory Inspection (IAUI) has reported a 10.5% year-on-year increase in gross gambling revenue for 2019, due in part to significant growth within the igaming sector.Gross gaming revenue for the 12 months to 31 December 2019 totalled €307.1m (£267.7m/$342.1m), up from €277.7m in the previous year.The IAUI noted year-on-year growth across all forms of gambling, though gaming machines were the main source of income for licensed operators, with revenue up 6.7% to €216.9m.Online gambling revenue jumped by 32.8% to €54.7m, with punters spending the most on casino games. Online slot games, cards and roulette revenue was up 42.5% to €39.3m, while sports betting revenue jumped 12.3% to €14.9m and poker tournaments 60.8% to €423,000.Elsewhere, revenue from land-based gaming tables climbed 4.0% to €17.3m, in-person sports betting revenue increased 16.8% to €3.2m and bingo halls revenue jumped 8.2% to €232,000.The IAUI also noted that other activities including bars and billiards brought in an additional €17.3m in revenue, pushing overall turnover for licensed operators up to €324.4m for the year.Meanwhile, the IAUI published figures regarding the amount of illegal gambling websites it blocked during the past year. Some 68 sites were blocked, while 87 IP addresses were also blocked.Since the IAUI began tackling illegal operators in August 2014, it has blocked a total of 1,206 domain and also blocked 2,478 IP addresses.Publication of the full-year results comes after the IAUI in January launched a new self-exclusion scheme, with citizens now able to prohibit themselves from gambling for 12 months.The register, which is the responsibility of the IAUI, was established under the Gambling and Lotteries Law and went live on 1 January. Latvian gambling regulator the Lotteries and Gambling Supervisory Inspection (IAUI) has reported a 10.5% year-on-year increase in gross gambling revenue for 2019, due in part to significant growth within the igaming sector. Tags: Online Gambling Slot Machines AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Intralot expands partnership with Dutch lottery operator

first_img Subscribe to the iGaming newsletter Intralot expands partnership with Dutch lottery operator AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 29th July 2020 | By contenteditor Intralot has signed an extension to its partnership with Nederlandse Loterij, under which it will provide a sports betting platform to the Netherlands’ state lottery operator.Agreed by the gaming operator and supplier’s Intralot Benelux subsidiary, the deal will run for four years, with the option to extend by an additional three years.Intralot will supply Nederlandse Loterij with its Intralot Orion sports betting platform, to enable the operation and management of Toot, the operator’s wagering brand and currently the only legal provider of sports betting in the country.The new agreement extends a relationship that stretches back almost 12 years.“With Intralot Orion, we are able to provide a seamless digital sports betting experience in retail, which meets the wishes of our Toto customers and our retailers,” Nederlandse Loterij director business transformation and strategic projects, Bas van de Bunt, said.Intralot Benelux chief executive Stergios Binopoulos commented: “We have worked together to launch many innovative and engaging products over all these years that have enhanced the Nederlandse Loterij offering throughout the Dutch gaming market and increased the support for the good causes.”Intralot’s group chief executive Chris Dimitriadis said the lottery’s growth in recent years had been particularly impressive.“[We] are looking forward to continuing the delivery of our state-of-the-art technology and to contributing to the growth of Nederlandse Loterij and its yearly remittance to Dutch society,” he added.In April, Nederlandse Loterij reported a 12% year-on-year increase in turnover in 2019, with its contribution to sporting federations, charities and the public purse rising to €173.1m (£156.7m/$203.3m) for the year. Regions: Europe Western Europe Netherlandscenter_img Topics: Sports betting Tech & innovation Sports betting Email Address Intralot has signed an extension to its partnership with Nederlandse Loterij, under which it will provide a sports betting platform to the Netherlands’ state lottery operator.last_img read more

DN Meyer Plc (DNMEYE.ng) Q22013 Interim Report

first_imgDN Meyer Plc (DNMEYE.ng) listed on the Nigerian Stock Exchange under the Building & Associated sector has released it’s 2013 interim results for the second quarter.For more information about DN Meyer Plc (DNMEYE.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the DN Meyer Plc (DNMEYE.ng) company page on AfricanFinancials.Document: DN Meyer Plc (DNMEYE.ng)  2013 interim results for the second quarter.Company ProfileDN Meyer Plc manufactures and sells high quality paint for the residential, industrial, automotive, marine and construction sectors in Nigeria. Products in its extensive range include decorative paint, wood paint, vehicles finishes, industrial and marine coatings, road lining paint, roof coating and tube coating. The company also produces a range of tile adhesives. DN Meyer Plc has business interests in selling and renting residential apartments and building and restoring properties. Founded in 1940 and formerly known as DN Meyer Plc, the company changed its name to Meyer Plc in 2016. The company’s head office is in Ikeja, Nigeria. DN Meyer Plc is listed on the Nigerian Stock Exchangelast_img read more

Guaranty Trust Bank Plc (GUARAN.ng) 2015 Abridged Report

first_imgGuaranty Trust Bank Plc (GUARAN.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2015 abridged results.For more information about Guaranty Trust Bank Plc (GUARAN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Guaranty Trust Bank Plc (GUARAN.ng) company page on AfricanFinancials.Document: Guaranty Trust Bank Plc (GUARAN.ng)  2015 abridged results.Company ProfileGuaranty Trust Bank Plc (GTBank) is a leading financial services institution in Nigeria with business operations in Cote D’Ivoire, Gambia, Ghana, Liberia, Kenya, Rwanda, Uganda, Sierra Leone, Tanzania and the United Kingdom. The company provides banking products and services for the retail, commercial and corporate banking sectors. GTBank has received numerous accolades in recognition of excellent service, delivery, innovation, corporate social responsibility and good corporate governance include ‘The Best Banking Group by World Finance Magazine’ and ‘The Most Innovative African Bank by The African Banker Magazine’ in 2016/2017. GTBank’s head office is in Lagos, Nigeria. Guaranty Trust Bank is listed on the Nigerian Stock Exchangelast_img read more

The Far Property Company Limited (FPC.bw) HY2017 Interim Report

first_imgThe Far Property Company Limited (FPC.bw) listed on the Botswana Stock Exchange under the Property sector has released it’s 2017 interim results for the half year.For more information about The Far Property Company Limited (FPC.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the The Far Property Company Limited (FPC.bw) company page on AfricanFinancials.Document: The Far Property Company Limited (FPC.bw)  2017 interim results for the half year.Company ProfileThe Far Property Company Limited is a real estate development and asset management company with national and international interests. The company is the largest property management company in Botswana and has a presence in markets throughout southern Africa. The Far Property Company was originally established to service a property portfolio to accommodate the Choppies Group which is a national supermarket and hypermarket group. The company is divided into four segments; residential properties, commercial properties, industrial properties and other segments that includes residential and commercial properties available to rent. The Far Property Company was established in 2010 and the head office is in Gaborone, Botswana.last_img read more

CRDB Bank Plc (CRDB.tz) Q32018 Presentation

first_imgCRDB Bank Plc (CRDB.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2018 presentation results for the third quarter.For more information about CRDB Bank Plc (CRDB.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the CRDB Bank Plc (CRDB.tz) company page on AfricanFinancials.Document: CRDB Bank Plc (CRDB.tz)  2018 presentation results for the third quarter.Company ProfileCRDB Bank Plc is a wholly-owned private commercial bank in Tanzania offering a comprehensive range of retail, commercial, corporate, treasury, premier and wholesale microfinance services. The company has an extensive infrastructure of branches, ATMs and deposit and mobile terminals and uses a vast network of Fahari Huduma agents which are microfinance agents. The retail division offers financial solutions which range from current and fixed deposit accounts to home purchase and construction loans, refinancing and cash back services. The corporate division provides financial service across the board; including documentary collection, letters of credit, guarantees, structured trade finance, treasury services and foreign exchange risk management. Established in 1996, CRDP Bank Plc has three subsidiary companies; CRB Bank Plc Burundi, CRDB Microfinance and CRDB Insurance Brokers.CRDB Bank Plc is listed on the Dar es Salaam Stock Exchangelast_img read more

Why I’d buy shares now to generate market-beating returns

first_img Our 6 ‘Best Buys Now’ Shares Thomas 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. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” 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. Image source: Getty Images. Simply click below to discover how you can take advantage of this. There’s always some degree of uncertainty whenever we buy shares. We never know what’s going to happen in the future. We never will. It’s just that lately this uncertainty has been above normal levels. But that isn’t a bad thing for adventurous investors. In fact, it creates the kind of buying opportunities that allow investors to achieve above average returns and beat the market in the long term.If there was no uncertainty, then all investors would come away with the same returns, and it would be impossible to beat the market. There certainly wouldn’t be any opportunities to double your investment. I think it’d be a bit boring, too. 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…Buy shares during high levels of uncertaintyIn general, higher levels of uncertainty will result in lower share prices. This isn’t because the underlying companies have become worse. Instead, it’s because investors lose confidence in future prospects, and reduce their valuations accordingly. This is logical. If you’re less sure of a company’s ability to maintain its profits, then your valuation of the company will be lower and you’ll be less inclined to buy shares altogether.The problem is that investors often overreact to short-term news and events. That is, in times of uncertainty, we become overly pessimistic. We fail to make an accurate judgement of what is currently happening and how it will affect a company’s earnings in the future. This makes us sell shares when we shouldn’t, and not buy shares when we should. The result is that in times like this, top-quality companies trade at attractive prices.I think now is a great time for investors to buy shares. I believe that some way or another, we’ll deal with and overcome Covid-19. Once this happens, I think share prices will move upwards and once again trade at the multiples that they have done in the past. Investors that buy shares now will likely be rewarded with outsized returns.We have only been dealing with Covid-19 for six months. I think that’s nowhere near long enough for us to change our entire judgement of the next 10 to 20 years. If businesses, economies, and stock markets could recover from the Second World War, which lasted for six years, then I think they will recover from this.Huge gains We’ve already seen how this works over the last few months. Since reaching their lows at the end of March, share prices have since shot up. The FTSE 100 has risen by over 20%. Some of the shares that were hardest hit have seen their share prices double. Investors have been rewarded with huge returns, for taking on extra risk and investing in uncertain times. This is nothing new. This is what happens. It’s a feature of stock markets and human behaviour. Even more so when central banks have pumped so much money into the financial system.Besides buying shares now simply to take advantage of cheap share prices, we should also be investing to protect our money from inflation. Leaving our money in the bank – where interest rates are so low – is going to result in its value being eroded. Over a long time frame, the effects of this can be disastrous. That’s why I’m committed to buying shares through the uncertainty and beyond.center_img 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. Why I’d buy shares now to generate market-beating returns Thomas Carr | Wednesday, 8th July, 2020 See all posts by Thomas Carr 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

How to properly apply insect repellant

first_img Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 With concern over the Zika virus growing many people are using insect repellant to protect themselves and their family.Applying insect repellant seems simple. However, many people make mistakes when applying insect repellant – mistakes that can minimize the level of protection.Eugene Zablotsky, a member of the New York Entomology Society and Mosquito Control Association has a few simple steps to make sure you apply it correctly:Read the Product label – Not all sprays are for all insects. The Centers for Disease Control (CDC) recommends that to prevent mosquito bites you should use repellents that contain picaridin, oil of lemon eucalyptus or IR3535. If you’re trying to repel both mosquitoes or ticks, use products that contain at least 20-percent DEET. Check with CDC for all suggested/approved sprays.If using sunscreen, put it on first – The CDC advises that you apply your sunscreen before using insect repellent, whether it’s spray or crème. The CDC also cautions against using combination bug repellent/sunscreen products because sunscreen must usually be applied more often than insect repellent.Apply insect repellent thoroughly – Many people make the mistake of not using enough insect repellent. Keep the chemicals away from your eyes and nose, but make sure you cover every inch of exposed skin; mosquitoes and other insects will find any area you leave unprotected.Use Insect Repellent any time mosquitoes and other bugs are likely to be present; not just during camping trips and barbecues —Use bug repellent any time you’re walking in tall grass, on leaves, and during dusk and dawn. These are the times when insects such as mosquitoes and ticks are most likely to be around.By properly applying insect repellent, you can protect yourself against bug bites. If you are bit by a mosquito there are technologies now that can help you get rid of the itch and discomfort of a bite. One example is The Bite Helper, which uses a patented technology that uses pulsating heat at the site of the bite. The Anatomy of Fear TAGSZika Previous articleCity of Apopka Photo ContestNext articleApopka trails Miramar by 600 votes in Helmet Challange Dale Fenwick RELATED ARTICLESMORE FROM AUTHOR Save my name, email, and website in this browser for the next time I comment. Share on Facebook Tweet on Twitter Support conservation and fish with NEW Florida specialty license plate LEAVE A REPLY Cancel reply You have entered an incorrect email address! Please enter your email address here Please enter your comment! Please enter your name herelast_img read more

Report: Housing Market Will Gain Momentum In Next Year

first_img December 12, 2014 1,593 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News The housing market will continue its gradual recovery and gain momentum in 2015 after a disappointing 2014, according to the Wells Fargo Economics Group 2015 Economic Outlook entitled “A Whole New Ballgame,” released earlier this week.Wells Fargo cited a number of reasons in the report for its optimistic housing market predictions for next year, namely easing of credit, job and income growth, and mortgage rates near their lowest levels in a generation. The economists predict existing home sales, which dropped by 3.8 percent for the first 10 months of 2014, will grow by 4.1 percent in 2015.Single-family starts, which grew by just 6 percent (655,000 units) in 2014 due to a weak job market, slow household formation, tight lending standards, and a backlog of troubled mortgages going through the foreclosure process, are expected to make a comeback in 2015, according to Wells Fargo. Economists expect the percentage of single-family starts to more than double next year, up to 13.7 percent.Two major factors in the turnaround in homeownership have been the rise in foreclosures and with the earlier decline in home prices, according to Wells Fargo. The homeownership rate, which peaked 10 years ago, has fallen 4.8 percentage points down to 64.4 percent, the lowest rate for homeownership in 19 years.”We would expect this series to overcorrect because of tight mortgage credit, changing attitudes towards homeownership and household finances continue to be repaired,” the report said.Foreclosures peaked about four years ago, resulting in large numbers of investors purchasing many homes at low prices in major metropolitan areas. The foreclosure crisis is mostly over, having decreased significantly in the last three years since their peak, but the numbers are still above long-run norms, according to Wells Fargo. Foreclosure numbers remain high particularly in judicial foreclosure states, such as Florida, New Jersey, Maryland, and Illinois, where the foreclosure process must pass through the courts. Demand Propels Home Prices Upward 2 days ago Forecast Homeownership Housing Market The Wells Fargo Economic Outlook Wells Fargo Economics Group 2014-12-12 Brian Honea Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. About Author: Brian Honea Related Articles The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Foreclosure Prevention Counseling Program Has Helped 1.8 Million Homeowners Next: DS News Webcast: Monday 12/15/2014 The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Report: Housing Market Will Gain Momentum In Next Year Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Forecast Homeownership Housing Market The Wells Fargo Economic Outlook Wells Fargo Economics Group Sign up for DS News Daily Home / Daily Dose / Report: Housing Market Will Gain Momentum In Next Year Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more