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Inflation risk turns up heat on Bank rate

first_img Share Show Comments ▼ THE Bank of England could signal an imminent rise in interest rates this week, with the publication of the latest inflation report which forecasts inflation and growth in the UK.“We expect the Bank’s report to show an upward revision to their inflation projection and to signal that the first rate hike is likely to arrive sooner rather than later,” said a BNP Paribas spokesperson.More pressure will be piled on the Bank of England to raise interest rates tomorrow, if January’s consumer price inflation yet again surprises on the upside. In December, CPI inflation jumped to 3.7 per cent, above forecasts of 3.3 per cent.While some analysts still expect rates to stay at their historically low level of 0.5 per cent until the end of the year, the markets anticipate an earlier hike.“Looking at sterling interest rate futures, markets are pricing in an 88 per cent chance of a 0.25 per cent increase by June,” said Hetal Mehta of Daiwa Capital.Markets are 100 per cent confident of rates hitting one per cent by September, and are expecting an additional 0.25 per cent rise by the end of the year, she said.“We still expect rates to rise soon and rise further than markets price in,” added Michael Saunders of Citigroup.Saunders also questioned the Bank’s credibility, after a long period of incorrect inflation forecasts.“The nine inflation reports from August 2008 to August 2010 all projected sub-target inflation two to three years ahead,” Saunders said, “and succeeded in persuading markets that rates will stay low for an extended period.” “However, the November report’s forecasts failed to gain similar traction with the markets,” he said. Even if the Bank forecasts inflation coming down next year, “investors may again be sceptical, doubting the inflation forecasts and hence also doubting their message that rates will rise slower than markets price in,” Saunders said.“In fairness, the recent forecasting record of economists has not been much better,” added Deloitte’s Ian Stewart. More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.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.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Sunday 13 February 2011 11:10 pm whatsapp whatsapp KCS-content Inflation risk turns up heat on Bank rate Tags: NULLlast_img read more

Raketech acquires Lead Republik for €1.4m

first_img Subscribe to the iGaming newsletter Email Address Topics: Marketing & affiliates Strategy AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 11th March 2020 | By contenteditor Marketing & affiliatescenter_img Raketech acquires Lead Republik for €1.4m Tags: Online Gambling Online gaming performance marketing provider Raketech has completed the acquisition of data-driven igaming affiliate network Lead Republik for an initial €1.4m (£1.2m/$1.6m). Online gaming performance marketing provider Raketech has completed the acquisition of data-driven igaming affiliate network Lead Republik for €1.4m (£1.2m/$1.6m).The purchase price represents a multiple of approximately three times Lead Republik’s earnings before interest, tax, depreciation and amortisation for the past 12 months, as well as half of revenue over the last year.The acquisition deal, which will see Lead Republik’s staff join Raketech, also comes with additional earn-out payments based on a number of performance measures. Part of this earn-out, based on performance to 28 February 2021, is capped at €0.3m, while a further earn-out based on future perfromance to the same date in 2022 is not subject to any restrictions.Registered in Malta, Lead Republik draws most of its revenue from Canada, New Zealand and Germany. As a result of the acquisition, Raketech said its revenue from outside the Nordics is expected to reach around 20% of the group total.Raketech also noted that paid media, which is a large portion of revenue from Lead Republik, is expected to lower EBITDA margin for the group slightly.“This acquisition is ticking a lot of strategic boxes, as it gives us further footprint in markets important for our key partners at the same time as it contributes with technical know-how in form of a high qualitative technical platform together within competence within conversion optimisation and paid media,” Raktech’s chief executive Oskar Mühlbach said.“We further see strong synergies when combining Lead Republik’s offering with our know-how, within organic search,”“I am furthermore really glad to have the brilliant Lead Republik team on board and to be able to conclude that the sellers will continue their involvement for the upcoming 12 months in order to secure a smooth handover and accelerate further expansion into new markets.”The acquisition is effective from today (11 March), with Raketech to fund the purchase using cash on hand.The deal comes after Raketech last month reported a year-on-year increase in profit for 2019, despite new regulations in Sweden pushing revenue down.Total revenue at Raketech for the 12 months to 31 December 2019 amounted to €23.9m, down 6.5% from €25.6m in the previous year, while operating costs climbed 23.6% year-on-year to €17.8m.However, while lower revenue and higher costs pushed operating profit down 45.5% to €6.1m, when taking into account $2.3m in other non-operating income, which related to party liability that was waived in Q1 of 2019, profit before tax was up 54.2% to €7.4m.,last_img read more

Tourist Company of Nigeria Plc (TOURIS.ng) 2012 Annual Report

first_imgTourist Company of Nigeria Plc (TOURIS.ng) listed on the Nigerian Stock Exchange under the Tourism sector has released it’s 2012 annual report.For more information about Tourist Company of Nigeria Plc (TOURIS.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Tourist Company of Nigeria Plc (TOURIS.ng) company page on AfricanFinancials.Document: Tourist Company of Nigeria Plc (TOURIS.ng)  2012 annual report.Company ProfileThe Tourist Company of Nigeria Plc is a gaming and hospitality company in Nigeria which owns and operates Federal Palace Hotel and Casino in Victoria Island, Lagos. The company also operates a casino, banqueting facility and a pool club in the city. Its head office is in Lagos, Nigeria. The Tourist Company of Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

Wayne Rooney ranked Premier League player with most charity influence

first_img Advertisement Melanie May | 12 February 2020 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Wayne Rooney ranked Premier League player with most charity influence  920 total views,  2 views today  921 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1center_img About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. Tagged with: Celebrity sport A study by Online Casinos has revealed Wayne Rooney to be the Premier League player with the biggest charity influence.Each footballer in the Online Casinos study was awarded points based on their range of influence, including career length, media appearances and endorsements, charity work and digital presence.Under charity influence, players were scored on their charitable contributions, as well as any coaching work, and whether or not they had a specific foundation set up in their name to help a good cause.Rooney scored first place across several categories – media, social media, and charity, – and also scored high results across the remainder.The top ten for charity influence is as follows:Wayne RooneySteven GerrardDavid JamesTeddy SheringhamSylvain DistinRio FerdinandSol CampbellKevin DaviesAaron HughesMichael Carrick A representative at Online Casinos, commented on the results of the study:“The study has highlighted that in 2020, there’s much more to being a footballer than you might think. Players at such a high level have a huge amount of pressure and more goals to score than just on the pitch. It’s great to see someone with Rooney’s status acknowledge his position and use it to give something back, building a bigger influential legacy whilst inspiring and improving the lives of children and young people across the UK.“It’s no surprise to us that Wayne Rooney has the biggest charity influence in our study. Rooney scored first place due to his commitment across the board to giving back. He’s known for working with numerous causes, but primarily takes the lead for his Wayne Rooney Foundation. The foundation provides financial assistance to a range of registered causes – including the NSPCC, Alder Hey Children’s Hospital and Claire’s House Children’s Hospice – often generating money with friendly-football matches.”last_img read more

Anti-union bosses hold Michigan motorists hostage

first_imgDetroit — Polls of Michigan residents repeatedly indicate that fixing the state’s dilapidated road infrastructure is a top concern. Yet most construction work has been at a standstill since Sept. 4, when members of Operating Engineers Local 324, which represents equipment operators in the whole state of Michigan, were told not to report for work by the anti-union contractors’ consortium, Michigan Infrastructure and Transportation Associates.In metropolitan Detroit alone, dozens of road repair projects are shut down. If work is not resumed soon, the driving public can expect to spend another winter navigating a maze of inconvenient detours that lengthen their daily commute.Let’s be clear: The union members, who operate heavy equipment, are not on strike. MITA is calling the work stoppage that it initiated “a defensive lockout.”It’s important to note, however, that OE’s master contract with MITA and other Michigan contractors expired June 1, at which time their bargaining relationship with the contractor group ceased. The union contends that “the lack of a contract means the employees are effectively ‘at-will.’ As such, the contractors have no authority to lock workers out. Therefore, this is an involuntary layoff.” (oe324.org)So far, Local 324 has ratified a new master contract with roughly half of all union road building companies in Michigan; only a few of them are affiliated with MITA.The other half, as MITA members, have laid off all of their OE member employees indefinitely. According to OE, some MITA contractors would be willing to adhere to the terms of the master contract, but the anti-union companies that control MITA have threatened to use their clout to deprive such contractors from getting jobs. MITA has threatened out-of-state companies that they will not get work in Michigan if they negotiate directly with Local 324.MITA says it will bring OE members back to work if the operators ratify a contract that the association drafted unilaterally. The media have emphasized that the MITA contract raises pay and benefits by $8 an hour over five years.But the contract the union signed with several dozen companies actually has a smaller pay increase than what MITA is offering. Why then did the union decide not to deal with MITA?The major contract improvements OE secured from other companies had stronger language on subcontracting and new apprenticeship opportunities. This assures job security for current employees and opportunities for the next generation. These improvements are exactly what MITA is steadfastly resisting.As OE spokesperson Dan McKernan explained to WW, even if the union signs with a MITA contractor, if that contractor secures a bid with the state, they will turn around and subcontract the work to a nonunion outfit, throwing OE members out of work.MITA counts about 600 companies as members, over two-thirds of them nonunion. Only 40 of those companies have contracts with OE 324. Thus, nonunion and anti-union contractors are using the weapon of income deprivation to weaken the union.In the process they are holding Michigan’s driving public and taxpayers hostage. Will the Michigan Department of Transportation, which does not employ OE members directly, fine the companies — as state law allows — for creating unnecessary delays? Or will the state pass additional costs onto the public?MITA has encouraged its member companies to allow untrained workers to operate equipment. However, this is skilled work requiring years of training. Ultimately, this reckless position endangers communities.When MITA threatened to stop work, the union held eight meetings across the state, seeking membership approval for its decision not to negotiate with union-busting MITA. Worker support for this course was overwhelming; at one meeting of over 1,200, only seven members stood in opposition.Local 324 is asking supporters to call MDOT (517-373-2090) and demand that the state pressure the contractors to resume project work and get the roads reopened.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

DuPont Pioneer Agronomy Update May 15

first_imgLast week, statewide average temperatures were below normal at 58.0 degrees. Patchy frost was reported throughout the State. Statewide precipitation was 1.51 inches, above normal by 0.95 inches. There were 1.1 days available for fieldwork for the week ending May 15, down 0.6 days from the previous week. DuPont Pioneer Agronomy Update May 15 By Gary Truitt – May 16, 2016 SHARE Facebook Twitter DuPont Pioneer Agronomy Update May 15 NE Indiana has been cold, wet, and not conducive to planting. According to Lance Shepherd, with DuPont Pioneer, “We have had several weeks of cold and wet conditions, so I would estimate we only have about 30% of our corn in and maybe 5-7% of the soybeans.” According to the weekly crop update by region, Indiana soybeans planted was 18% complete in the North, 16% in Central, and 7% in the South. He told HAT that the wet conditions and the below average temperatures are impacting planting and early crop development, “These conditions have really provided an environment for seedling blight.” Previous article Rain Continues to Slow Indiana Crop ProgressNext articleCorn and Soybean Demand Improving Gary Truitt Facebook Twitter The USDA says 28% of the Indiana corn has emerged, behind the 31% average and only 3% of the soybeans have emerged well the 11% average page. Meanwhile, planting and emergence in Illinois and Iowa are running well ahead of Indiana and ahead of average. SHARE Shepherd, however,  is still recommending that growers stick with their original dates, “I know it is getting late, but I think we should still stay with our original plans and maturity dates.” He feels growers do not need to consider a change until closer to the end of the month. Home News Feed DuPont Pioneer Agronomy Update May 15last_img read more

USDA Announces National Pork Producers Delegate Body Appointments

first_img Facebook Twitter USDA Announces National Pork Producers Delegate Body Appointments Previous articleClosing CommentsNext articleNo Deal Made on RFS During White House Visit Hoosier Ag Today Home Indiana Agriculture News USDA Announces National Pork Producers Delegate Body Appointments Facebook Twitter SHARE By Hoosier Ag Today – Feb 27, 2018 U.S. Secretary of Agriculture Sonny Perdue announced last week the appointment of 157 producers and 6 importers to the 2018 National Pork Producers Delegate Body. The Indiana members appointed to serve a one-year term are: Nick Maple, Amboy, Ind.; Beth Tharp, Coatesville, Ind.; Valerie Duttlinger, Gentryville, Ind.; Dallas Foster, Greenfield, Ind.; Brian Martin, Kokomo, Ind.; Jeb Stevens, Osgood, Ind.“These appointees represent a cross section of great experience in the pork industry and I know they will help us better meet the needs of our American pork producers,” said Perdue.The National Pork Board and the Delegate Body were established under the Pork Promotion, Research, and Consumer Information Act of 1985. Since 1966, Congress has authorized 22 industry-funded research and promotion boards to provide a framework for agricultural industries to pool their resources and combine efforts to develop new markets, strengthen existing markets and conduct important research and promotion activities. The Agricultural Marketing Service (AMS) provides oversight, paid for by industry assessments, which helps ensure fiscal accountability and program integrity.For more info visit the National Pork Board page on the AMS website. SHARElast_img read more

Four years in prison for cyber-dissident Xu Zhiyong

first_imgNews January 28, 2014 – Updated on January 20, 2016 Four years in prison for cyber-dissident Xu Zhiyong to go further June 2, 2021 Find out more ChinaAsia – Pacific News Help by sharing this information April 27, 2021 Find out more Reporters Without Borders deplores the four-year jail sentence that Beijing Intermediate Court No. 1 imposed on the cyber-dissident Xu Zhiyong on 26 January on a charge of “gathering a crowd to disturb public order.” He got just one year less than the maximum of five years.“We condemn both the harshness of the sentence and the way the trial was conducted,” said Benjamin Ismail, the head of the Reporters Without Borders Asia-Pacific desk. “The judicial authorities flouted many procedural regulations, including those governing the right of defence. This legal farce was deplorable and confirms that the government has no time for international conventions. We call for Xu’s immediate release.”Xu and his lawyer, Zhang Qingfang, chose to remain silent throughout most of the trial. At the end, Xu began to read a final statement entitled “In the name of freedom, justice and love,” but the judge cut him short after five minutes. Zhang had planned to call 68 defence witnesses but the court did not allow any of them to testify.Foreign diplomats were not allowed to attend the trial, while police prevented TV reporters from filming outside the court, manhandling them and pushing them away.The trials of other members of the New Citizens Movement that Xu founded – Ding Jiaxi, Li Wei, Zhang Baocheng and Yuan Dong – have begun since end of Xu’s trial. On 27 January, one policeman forced an Agence France-Presse journalist to leave in a taxi.As part of the current crackdown and wave of censorship, the well-known blogger and dissident Hu Jia was arrested at his Beijing home on 26 January and was held for several hours on suspicion of “picking quarrels and provoking trouble.”“The New Citizens Movement is not going to disappear because of the crackdown,” Hu told Reporters Without Borders. “We are going to continue demonstrating to get Communist Party officials to declare their assets and to obtain the release of our members who have been arrested.”Hu added: “The arrests of members of the New Citizens Movement by the party’s political police constitute violations of civil liberties. Xu Zhiyong and the others are innocent. It is the members of the Communist Party’s judicial apparatus who are guilty.”China is ranked 173rd out of 179 countries in the Reporters Without Borders press freedom index. China’s Cyber ​​Censorship Figures Receive email alertscenter_img ChinaAsia – Pacific News Follow the news on China China: Political commentator sentenced to eight months in prison RSF_en March 12, 2021 Find out more News Democracies need “reciprocity mechanism” to combat propaganda by authoritarian regimes Organisation last_img read more

Information minister refuses to renew AFP bureau chief’s work permit

first_img News Zimbabwean journalist Hopewell Chin’ono denied bail Receive email alerts Organisation Reports November 27, 2002 – Updated on January 20, 2016 Information minister refuses to renew AFP bureau chief’s work permit ZimbabweAfrica Help by sharing this information Zimbabwean court must free imprisoned journalist who is unwell Follow the news on Zimbabwe Newscenter_img RSF_en Reporters Without Borders today protested against the Zimbabwean information minister’s refusal to renew the work permit of the Agence France-Presse bureau chief in Harare, Stéphane Barbier, and the government’s evident desire to prevent foreign journalists working in Zimbabwe.”This decision clearly shows that the Zimbabwean government’s goal is to make all foreign journalists leave the country,” Reporters Without Borders secretary-general Robert Ménard said in a letter to Information Minister Jonathan Moyo. The organisation called on him to stop harassing foreign journalists and give them accreditation they need to work freely and safely.The information minister refused to renew Barbier’s work permit yesterday without giving any explanation. However, he had already let AFP know this summer that no foreign journalist would henceforth be allowed to reside and work in Zimbabwe under the new law on access to information and protection of private life, promulgated by President Robert Mugabe on 15 March. From now on, foreign journalists will only be allowed to visit Zimbabwe provisionally, for limited periods, and after having received the minister’s approval.Barbier, a French citizen, took over as head of the Harare bureau in June 2001. He was originally given a one-year work permit that was renewed for six months in June 2002. He must now leave Zimbabwe by the end of the month. In September, the information minister refused to renew the work permit of Griffin Shea, an American journalist who had been working for AFP in Harare for the past two years. Shea had to leave Zimbabwe on 14 September.The access to information law gives the minister the power to decide who can work as a journalist in Zimbabwe. Since its promulgation, harassment of the foreign press has increased. Many journalists already found their requests for accreditation being turned down at the beginning of the year, when they were hoping to cover the presidential elections in early March. to go further News ZimbabweAfrica September 1, 2020 Find out more November 27, 2020 Find out more The 2020 pandemic has challenged press freedom in Africa November 12, 2020 Find out morelast_img read more

Housing Counselors Report Substantially Improved Communications with Servicers

first_img While housing counselors across the country report improved communications with servicers in the area of helping struggling borrowers avoid foreclosure, there is still more work to be done, according to a report released Thursday from the National Foreclosure Mitigation Counseling (NFMC) program.NFMC is a congressionally-funded effort launched in December 2007 to address the foreclosure crisis by making more housing counselors available to families at risk of losing their homes to foreclosure. In slightly less than eight years, NFMC has helped approximately 1.9 million homeowners understand their foreclosure prevention options. The funds are distributed by Washington, D.C.-based community development non-profit and grant maker NeighborWorks America to grantee organizations, which in turn provide the housing counseling services. The report released Thursday was NFMC’s 11th report to Congress.“Servicer interactions with counselors have dramatically improved from a few years ago,” said Nicole Harmon, NFMC vice president. “But we would like to see the trend line continue to improve, not flatten out. That is what would be best for homeowners and counselors.”The challenge most reported by counselors in NFMC’s report was efficient and timely communication with servicers (38 percent), which is down slightly from 40 percent in the NFMC’s report from October 2013. Frequent staff changes among servicers and changing points of contact resulted in problems for counselors when trying to contact servicers.Servicers have greatly reduced staff numbers in loss mitigation departments, however, due to substantial declines in serious defaults and foreclosure cases. Some experts are predicting that foreclosure cases and defaults could rise again due to an increase in costs associated with loan modifications.Despite the challenges for counselors communicating with servicers, substantial program successes have been reported. According to the Urban Institute, the following outcomes have been associated with NFMC program counseling:Homeowners who receive NFMC program counseling are almost three times more likely to receive a loan modification than homeowners who do not have the counselingThe chances of a struggling homeowner’s ability to cure a serious delinquency or foreclosure greatly increased with counseling from NFMCHomeowners who receive counseling are one and a half times more likely to keep their loans current (not have their loans enter troubled status) after receiving a loan modificationClick here to see the NFMC’s full report. Data Provider Black Knight to Acquire Top of Mind 2 days ago September 24, 2015 1,098 Views  Print This Post avoiding foreclosure Housing Counselors Loss Mitigation National Foreclosure Mitigation Counseling NFMC 2015-09-24 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Housing Counselors Report Substantially Improved Communications with Servicers About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Fannie Mae Completes Risk Sharing Transaction for $7 Billion Worth of Loans Next: WALZ Compliance Solutions to Host Webinar on Wednesday, September 30 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. The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: avoiding foreclosure Housing Counselors Loss Mitigation National Foreclosure Mitigation Counseling NFMC Demand Propels Home Prices Upward 2 days ago Share Save Related Articles in Daily Dose, Featured, Loss Mitigation, News Sign up for DS News Daily Housing Counselors Report Substantially Improved Communications with Servicers Subscribelast_img read more