Category: uewpi

Insurer is still attractive target

first_imgMonday 7 March 2011 8:45 pm Insurer is still attractive target More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her whatsapp KCS-content Show Comments ▼ whatsapp Share CHAUCER’S share price was barely changed after the company reported a smaller-than-expected profit for 2010. For most investors, last year’s results are old news: all anyone cares about is the impending bid. Chaucer again said it had received a “number of takeover approaches” but was tight-lipped otherwise. But how much would a successful suitor have to pay? Despite a lower combined ratio – the key measure of profitability for insurance firms – the same fundamentals that made the insurer so attractive to buyers still remain. Firstly, the diversification of its underwriting exposure is extremely reassuring. In 2011, for example, rate increases of 10 per cent in energy and 14 per cent in UK motoring will offset a reduction of 10 per cent in US?property and a broadly flat picture elsewhere. Second, its presence in Lloyd’s offers a perfect entrance for a private equity or trade buyer. Thirdly, it is strongly capitalised, with economic capital of £435m, including a buffer of £60m.For that reason, any buyer will likely have to pay a premium to its 2011 net tangible asset value, forecast at 54p by analysts at Shore Capital. A premium of around 20 per cent would likely be justifiable, meaning the magic number is around 65p. With the shares trading at 58.5p at yesterday’s close, buyers could still make a tidy profit. Tags: NULLlast_img read more

PlayUp reverse takeover and platform acquisition collapse

first_img24th January 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Regions: Oceania US Australia Australia’s PlayUp has decided to cancel a planned deal to acquire US gaming platform 123gaming, and scrapped a deal for a reverse takeover that would have seen it listed in the Australian Securities Exchange (ASX). Australia’s PlayUp has decided to cancel a planned deal to acquire US gaming platform 123gaming, and scrapped a reverse takeover that would have seen it listed in the Australian Securities Exchange (ASX).The sports betting, gaming and fantasy sports operator had planned to complete a reverse takeover of renewable energy company Mission New Energy with the deal designed to fast track a public listing for PlayUp.However the deal was then scrapped after PlayUp discovered that Mission New Energy, which traded on the ASX under the MBT symbol, is suspended from trading on the ASX for failing to pay its annual listing fees. It also found that the business was not capable of trading on the US NASDAQ Stock Market while carrying out due diligence.These, PlayUp said, were just two of a number of misrepresentations made by Mission New Energy that were uncovered during due dilligence.“During our due diligence into MBT we identified several areas of concern that were not adequately addressed, and that were quite disparate to what MBT had represented to us,” PlayUp chief executive Daniel Simic explained. “Ultimately, they failed to deliver on what they had initially represented.“We requested meetings with their executive team to table and discuss these concerns which were not responded to,” Simic added. “It left PlayUp with no alternative but to terminate.”PlayUp also noted that Mission New Energy failed to provide accurate or reliable figures concerning the position of its creditors or subsidiaries. These could significantly impact the post-takeover company’s ability to trade, the operator noted, with queries about these issues raised during due diligence apparently ignored.Despite PlayUp cancelling the transaction, Mission New Energy claims that the operator owes it money, namely AUD$43,000 (£23,400/€27,000/US$30,500) in pre-trigger holding costs. However PlayUp claims that this money would only have been paid if the reverse takeover had been finalised.In related news, PlayUp, which operates the ClassicBet, Draftstars, Betting.Club, TopBetta, and MadBookie brands, has also pulled out of its proposed acquisition of US-facing blockchain iGaming platform 123gaming. The operator said that it had concerns about the ownership of intellectual property, the platform’s commercial viability, its supplier agreements, payment gateways and profitability.“We’d like to thank 123gaming for its honesty and openness in its dealing with us,” Simic said. “Unfortunately, the deal could not be completed having regard to the best interests of the key stakeholders in PlayUp.“PlayUp submitted alternative proposals to 123gaming which included offering PlayUp stock options to 123gaming shareholders, however 123gaming declined. We wish them all the best in their business endeavours moving forward.”123gaming chief executive Rob Earle said that while he was disappointed by the deal’s collapse, he still believed in the concept, and would look for other opportunities to deploy its solution in the US gaming market.PlayUp had planned to integrate the 123gaming platform as part of its drive to create a blockchain-powered online betting, gaming and fantasy sports offering.However the company is moving ahead with its acquisition of TopBetta and MadBookie from odds solutions provider The Bookmakers. It paid a further $750,000 towards the $6m acquisition cost on January 17, with a further $1m to be paid on January 29. Tags: Fantasy Sports Mobile Online Gambling OTB and Betting Shops Race Track and Racino PlayUp reverse takeover and platform acquisition collapse Topics: Sports betting DFS Horse racing DFS Email Addresslast_img read more

Webinar: Brazil: The impact of the pandemic on the sports betting roll-out

first_img This 60-minute webinar will discuss the current and potential changes in the Brazilian gaming market due to the impact of COVID19, with a particular focus on the roll-out of sports betting regulations, as a follow-up to the law passed in December 2018.Priorities have changed all over the world, professionally, economically, politically, and Brazil won’t be different.In this webinar we will discuss:– Where are at with the development of licensing and regulatory framework – how has the pandemic impacted on the timeframe?  – What are the prospects for further authorisation of other verticals – how the pandemic has influenced the political agenda for gaming? – What the future may look like, in the middle of so much uncertainty?Speakers:Deputy Newton Cardoso, President of the Tourism Commission (CTur), Chamber of Deputies, Brazil Itamar Pereira, Technical Manager, SECAP – Ministry of Economy André Gelfi, MD Brasil, Suaposta/Betsson Alessandro Fried, Chairman, BTOBet Email Address Uncategorized Subscribe to the iGaming newsletter This 60-minute webinar will discuss the current and potential changes in the Brazilian gaming market due to the impact of COVID19. Webinar: Brazil: The impact of the pandemic on the sports betting roll-outcenter_img This webinar is sponsored by BTOBet Topics: Uncategorized 29th April 2020 | By AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Mutual Benefits Assurance Plc ( 2012 Abridged Report

first_imgMutual Benefits Assurance Plc ( listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2012 abridged results.For more information about Mutual Benefits Assurance Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Mutual Benefits Assurance Plc ( company page on AfricanFinancials.Document: Mutual Benefits Assurance Plc (  2012 abridged results.Company ProfileMutual Benefits Assurance Plc is a general and life insurance company in Nigeria providing services for underwriting and risk management as well as retail and microfinance banking. General insurance covers the protection of assets and indemnification of other parties; and Life insurance covers risk of premature death, disability, critical illness and other accidents. The company also offers property insurance, fire and special perils insurance, professional indemnity, liability/bond insurance, goods-in-transit insurance, personal insurance, keyman assurance and mortgage protection. Mutual Benefits Assurance has business interests in real estate development and management and operates a Microfinance Bank which provides retail and microfinance banking services at a community level. The company’s head office is in Lagos, Nigeria. Mutual Benefits Assurance Plc is listed on the Nigerian Stock Exchangelast_img read more

Shoprite Holdings Plc ( HY2018 Presentation

first_imgShoprite Holdings Plc ( listed on the Lusaka Securities Exchange under the Retail sector has released it’s 2018 presentation results for the half year.For more information about Shoprite Holdings Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Shoprite Holdings Plc ( company page on AfricanFinancials.Document: Shoprite Holdings Plc (  2018 presentation results for the half year.Company ProfileShoprite Group of Companies is an investment holding company with an extensive international network of retail and wholesale food and non-food outlets. The holding company is based in South Africa (RSA) and operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture and Other. The group has more than 2 600 outlets in 15 countries across Africa and on Indian Oceans islands. Shoprite Group of Companies expanded into Africa from 1995; the first supermarket that opened outside of South Africa was in Lusaka, Zambia. The subsidiary company in Zambia falls under Supermarkets Non-RSA, which incorporates established brands in its stable; Shoprite, Checkers, Checkers Hyper, Usave and Hungry Lion. The company strives to offer a one-stop shopping destination for consumers, with a comprehensive range of food, household products, furniture, pharmaceuticals, appliances, and hair and beauty products. Shoprite Group of Companies is listed on the Lusaka Stock Exchangelast_img read more

I&M Holdings Limited ( 2018 Annual Report

first_imgI&M Holdings Limited ( listed on the Nairobi Securities Exchange under the Industrial holding sector has released it’s 2018 annual report.For more information about I&M Holdings Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the I&M Holdings Limited ( company page on AfricanFinancials.Document: I&M Holdings Limited (  2018 annual report.Company ProfileI&M Holdings Limited (I&M Bank Group) is a financial services institution providing products and services for the personal, commercial and corporate sectors in Kenya, Tanzania, Rwanda, Uganda and Mauritius. Its product offering ranges from transactional accounts, home and car loans and overdraft and term loans to e-commerce payment and salary processing services, trade finance and insurance premium financing services I&M Bank Group also provides services for foreign exchange, fund transfers, tax payment, bancassurance and agency banking. Its investment management division offers securities accounts and fiduciary services and facilitates the purchase and sale of securities from the stock market and invests in government securities. Its asset finance division caters for personal and corporate clients and covers vehicle and machinery purchases and cash management services. Its head office is in Nairobi, Kenya. I&M Holdings Limitedlast_img read more

Friday Funnies – Ref George Clancy gets smashed by Seilala Mapusua for wearing pink

first_imgFriday Jan 21, 2011 Friday Funnies – Ref George Clancy gets smashed by Seilala Mapusua for wearing pink As we’ve seen on more than one occasion, being a referee comes with a few occupational hazards. While they should be light on their feet, aware of their positioning and generally one step ahead, occasionally they get it wrong. Irish referee George Clancy [edit] got himself in a bad position when officiating last weekend’s Heineken Cup game between London Irish and Ospreys, resulting in a pretty solid tackle from Exiles center Seilala Mapusua. In fairness it looked as though Clancy got in the way because it was such a quick pickup off the base from Ospreys number eight Jonathan Thomas. If you watch carefully you’ll see how referee Clancy, wearing bright pink on the night, turned and basically ran head-on into the collision. To his credit, he bounced straight back up and showed little ill-effects from the knock that was actually one of the bigger hits we’ve seen ref’s take over the years. It’s only a short clip as there were no replays at the time, but it was requested and we figured some of you might find some mild amusement in it. Have a great weekend.ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error See it to Believe it Related Articles 25 WEEKS AGO WATCH: Experts explain what actually happens… 26 WEEKS AGO WATCH: Leigh Halfpenny makes yet another… 26 WEEKS AGO Parisse alley-oop magic sets up brilliant… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingShe Was the Most Beautiful Girl in the World. What She Looks Like Now is InsaneNueey30+ Everyday Items with a Secret Hidden PurposeNueey10 Types of Women You Should Never MarryNueeyThe 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

Anti-pipeline occupiers shut down banks

first_imgScores of activists from 350Seattle shut down 13 Chase banks in Seattle on May 8 in alliance with Indigenous people. The action was a confrontation with JPMorgan Chase and other banks to stop their lending for the Keystone XL pipeline, which would extend from Alberta, Canada, into the U.S., carrying oil extracted from Canadian tar sands.Indigenous leaders have pointed out that tar sands oil uses three times more energy to extract than regular oil, thus being a cause for global warming. The 1,700-mile Keystone would run across the water-rich Oglala aquifer to southeast Nebraska.Demonstrators fanned out around noon to Chase banks across the city. At some banks, protesters did skits in the bank in hazmat suits. Other banks were occupied by singing Native drummers. Protesters, holding signs and banners, locked themselves down and made statements at other branches. They chanted, “No coal, no oil! We want our money back!” referring to the billions of dollars in bailout money the banks were given by the federal government during the last recession.Once the cops finally caught up with all of the actions, 26 people were arrested and jailed. The action received local, national and some international press coverage.More than 121 First Nations, along with other Indigenous organizations, have signed the Treaty Alliance Against Tar Sands Expansion. It calls for the banks to divest from all companies building the Dakota Access Pipeline, the Keystone XL (to be built by TransCanada) and the three other pipeline trunks fanning out from the tar sands.We live on a planet beset by droughts, forced migration, melting ice caps and rising seas. The Donald Trump administration’s recent decision to approve the Keystone XL has increased the crisis. It’s basically “game over for the climate,” according to NASA Goddard Institute for Space Studies Director James Hansen, if the Keystone is built to haul the tar sands oil. (New York Times, May 9)Without the support of the big banks, oil companies couldn’t afford to build tar sands projects like Keystone. And Chase is connected to the oil industry as much as any of them.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Journalists beaten and detained to prevent them covering protests

first_img Social networks and TV signals down after close of polls in Malawi Twitter arbitrarily blocks South African newsweekly and several reporters over Covid vaccine story News News In blow to impunity, panel says investigation into blogger’s death should resume MalawiAfrica Reporters Without Borders condemns police violence against at least seven journalists covering protests that took place in several cities during the past two days. Some of the journalists were briefly detained. The government expressly banned radio stations from covering the demonstrations.“We are very disturbed by the particularly brutal reaction of the authorities to demonstrators and to the journalists who went to cover their protests,” Reporters Without Borders said. “We urge the authorities to allow journalists and media to do their job of reporting the news.”Rebecca Chinjeka of Joy Radio, Amos Gumulira and Kondwani Munthali of Nation Publications, Leonard Sharra and Jacob Nankhonya of Blantyre Newspapers, and Isaac Kambwiri of Capital Radio were beaten by police during the demonstrations on 20 July. Chinjeka was admitted to a hospital in Lilongwe for treatment to the serious injuries she received.Kingsley Jassi of Blantyre Newspapers was beaten and detained yesterday for taking photos of policemen assaulting a demonstrator. He was released one hour later. Collins Mtika, a reporter for the website was arrested yesterday in the northern city of Mzuzu and has still not been released.The two days of protests were organized by civil society groups to protest against fuel shortages, price hikes and a general decline in the economy, and to demand more democracy. The authorities dispersed the protests in a particularly brutal manner, with an initial toll of 18 dead and dozens of wounded.Copyright : AFP/AMOS GUMULIRA to go further News October 10, 2012 Find out more May 24, 2019 Find out morecenter_img MalawiAfrica RSF_en February 4, 2021 Find out more Help by sharing this information Follow the news on Malawi News Organisation July 22, 2011 – Updated on January 20, 2016 Journalists beaten and detained to prevent them covering protests Receive email alertslast_img read more

In mid-coronavirus crisis, Myanmar blocks 221 sites for “fake news”

first_img Without any public announcement, the transport and communications ministry issued orders to Myanmar’s four mobile phone operators in the last two weeks of March to block access to a total of 221 sites on the grounds that they were spreading “fake news,” to use the ministry’s term. Reporters Without Borders (RSF) calls on Myanmar’s authorities to immediately restore mobile phone access to the 221 news websites they have arbitrarily blocked on the pretext of combatting disinformation during the Covid-19 crisis, in what is a disturbingly authoritarian move. RSF asks Germany to let Myanmar journalist Mratt Kyaw Thu apply for asylum Receive email alerts Follow the news on Myanmar RSF_en Organisation May 26, 2021 Find out more “The censorship that the authorities are in practice applying to many news websites is going to deny sectors of the Myanmar population of reliable information that is absolutely crucial to combatting the pandemic. This decision recalls the worst times of the military dictatorship and sets Myanmar’s democracy back ten years.” According to a statement issued by one of the operators, Telenor Myanmar, whose headquarters is in Norway, the legal basis given by the government was article 77 of the telecommunications law, which allows sites to be blocked in an “emergency situation.” The ministry’s concern was “fake news” about Covid-19, an official later claimed. Telenor Myanmar eventually complied with the order fully after initially resisting. The other three mobile operators, which are either state or army offshoots, all appear to have complied immediately. Accused of terrorism At the same time, ten police officers raided the home of Hline Thit Zin Wai, the editor of Khit Thit News, a news agency based in the southern city of Yangon. April 3, 2020 – Updated on May 6, 2020 In mid-coronavirus crisis, Myanmar blocks 221 sites for “fake news” A volunteer sprays disinfectant in Shwedagon Pagoda compound as a preventive measure against the COVID-19 coronavirus, in Yangon on March 31, 2020. The transport and communications ministry issued orders to Myanmar’s four mobile phone operators in the last two weeks of March to block access to a total of 221 sites on the grounds that they were spreading “fake news,” to use the ministry’s term (photo: Ye Aung Thu / AFP). The blocking of these websites has coincided with other disturbing press freedom violations. On 31 March the police raided the headquarters of the Narinjara news agency in Sittwe, the capital of the troubled northwestern state of Rakhine, questioning three of its journalists, Thein Zaw, Aung Lin Htun and Htun Khaing, for six  hours and seizing their laptops. News MyanmarAsia – Pacific Condemning abusesOnline freedomsMedia independenceProtecting sources Armed conflictsCovid19Judicial harassment “While it is legitimate to combat all disinformation during a crisis such as the one caused by the coronavirus, the method used by Myanmar’s government is utterly inappropriate and is even proving to be dangerous,” said Daniel Bastard, the head of the RSF’s Asia-Pacific desk.center_img May 31, 2021 Find out more The government has not provided a list of the censored sites, but several leading media outlets are now blocked, as are a number of news sites aimed above all at Myanmar’s ethnic minorities. Myanmar is ranked 138th out of 180 countries in RSF’s 2019 World Press Freedom Index, after falling seven places in the previous two years. News The day before that, on 30 March, Voice of Myanmar website editor Nay Myo Lin was arrested in the central city Mandalay. Help by sharing this information US journalist held in Yangon prison notorious for torture According to the information obtained by RSF, several other journalists have gone into hiding because they fear imminent arrest for having referred to the AA in their recent reporting. MyanmarAsia – Pacific Condemning abusesOnline freedomsMedia independenceProtecting sources Armed conflictsCovid19Judicial harassment Thirst for news All five journalists are facing charges of “terrorism” for interviewing or quoting the Arakan Army (AA), a rebel group seeking autonomy for Rakhine. A bugbear of Myanmar’s military, the AA was officially declared to be a terrorist organization on 23 March. News After years of censorship, Myanmar’s population is now turning en masse to the mobile Internet to get their news. According to a survey published on 1 April, mobile Internet use increased by 25% in March, in a sign of the thirst for information among Myanmar’s 64 million mobile subscribers during the pandemic. to go further News Thai premier, UN rapporteurs asked to prevent journalists being returned to Myanmar May 12, 2021 Find out morelast_img read more