European financial stocks rise in January

first_imgMonday 31 January 2011 8:20 pm Show Comments ▼ whatsapp FINANCIAL stocks across Europe staged a remarkable rebound in January as the Eurozone stabilised.Progress on sovereign debt issues and the success of the €5bn (£4.3bn) European Financial Stability Fund bond issue last week proved a powerful driver for financial stock indices, which outperformed all other sectors.The FTSE Eurofirst insurance index gained 9.53 per cent and its bank index was up 7.6 per cent, while its financial services index also added 6.74 per cent. Europe platform’s insurance index gained 9.4 per cent and its bank index climbed 8.3 per cent in January – their best performances since at least 1998.The gains beat January’s overall trend. The FTSE Eurofirst climbed just 0.81 per cent as key sectors such as food and beverages posted declines of up to 6.96 per cent, and the Stoxx Europe 600 gained just 1.2 per cent.“The financials have followed the sovereign debt markets much more closely than others in the corporate space,” said Evolution Securities analyst Elisabeth Afseth. “The perceived stability has allowed them to perform.”But fund managers said stocks could still fall as investors digested more regulation or stress tests. “It’s going to be a volatile year,” one said. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily 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 ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCheese Crostini: Delicious Recipes Worth CookingFamily Proof European financial stocks rise in January Share KCS-content whatsapp Tags: NULLlast_img read more

LMVH sparkles with €3.7bn Bulgari purchase

first_imgMonday 7 March 2011 6:56 am Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap France’s LVMH will take over Bulgari in a deal which values the Italian jeweller at €3.7bn (£3.18bn) and gives the No.1 luxury group more clout in the sector and bigger exposure to emerging markets.The offer, which priced Bulgari’s shares at a 60 per cent premium to its average level over the last month, could herald the return of consolidation in the luxury market, which bounced back from the 2009 slump much faster than analysts expected.For LVMH, adding Bulgari will allow the French luxury group to leverage its global retail network and boost margins by sharing costs.Founded by billionaire Bernard Arnault, LVMH is built solely on acquisitions. Its brands now include Louis Vuitton handbags, Chaumet and Fred jewellery, Celine and Kenzo fashion, Hennessy cognac and Moet & Chandon champagne.“Bulgari is one of the best known jewellery brands in the world, with lots of potential to grow on the back of LVMH’s global distribution reach and financial muscle,” Bernstein luxury analyst Luca Solca said.“Media buying and retail development would benefit from the deal. Watches and jewellery is indeed the weakest area at LVMH, where its brands are trailing larger and better known competitors.”Bulgari had long been seen as a potential target having weakened its finances by embarking on big store investments when its sales were falling. There was regular speculation Switzerland’s Swatch Group AG could take it over.The transaction comes after LVMH built up a 20.2 per cent stake in smaller rival Hermes which, like Bulgari, is family controlled. That move prompted Hermes to fight back by creating a controlling family holding within the group to block LVMH’s advance.LVMH will buy 50.4 per cent of Bulgari, issuing 16.5 million shares in exchange for 152.5 million shares held by the Bulgari family, the companies said in statements. whatsapp Tags: NULL Show Comments ▼ Share whatsapp LMVH sparkles with €3.7bn Bulgari purchase alison.lock last_img read more

Econet Wireless Zimbabwe Limited ( HY2019 Presentation

first_imgEconet Wireless Zimbabwe Limited ( listed on the Zimbabwe Stock Exchange under the Technology sector has released it’s 2019 presentation results for the half year.For more information about Econet Wireless Zimbabwe Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Econet Wireless Zimbabwe Limited ( company page on AfricanFinancials.Document: Econet Wireless Zimbabwe Limited (  2019 presentation results for the half year.Company ProfileEconet Wireless Zimbabwe is a diversified telecommunications group; it is the largest enterprise of its kind in Zimbabwe and the largest company on the Zimbabwe Stock Exchange in terms of market capitalisation. Econet Wireless Zimbabwe provides products and solutions for mobile and fixed wireless telephony, public payphones, internet access and payment solutions. In 2009, Econet Wireless Zimbabwe became the first operator in Zimbabwe to launch data services with 3G capability. This was followed by an extensive project to expand its geographic coverage; building a fibre-optic network, providing financial transaction switching and point-of-sale and value-added retail support services. The company is a subsidiary of a privately-owned group controlled by its founder, Strive Masiyiwa. The group’s subsidiaries include Econet Global, Econet Wireless Africa, Econet Wireless International, Econet Enterprises, Liquid Telecom Group and Econet Media.last_img read more

The BP share price has fallen 25%! Here’s what I’d do

first_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. Rupert Hargreaves 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. The BP (LSE: BP) share price has plunged in value this year. It’s not difficult to see why investor confidence in the business has taken such a beating. The company is facing the perfect storm of events.A perfect stormThe coronavirus crisis has hit the global economy like a sledgehammer, and demand for oil and gas has slumped. Initial forecasts suggest that oil demand could fall by as much as 20% or 20m barrels per day this year!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…Luckily, oil demand has begun to return as the crisis has started to ease. Forecasters are now projecting a 10% decline in demand for the full year. This upward revision, as well as production cuts, have helped stabilise the oil price. And with the outlook for the black gold improving, the BP share price has recovered from its lows.However, the global economy is still trying to shake off the effects of the virus. It could be years before activity returns to 2019 levels. As such, it could be some time before oil demand returns to normal levels.Therefore, the outlook for the BP share price is mixed. The company has acted quickly to try to stem the fallout from the crisis. Management has earmarked 7,000 job losses as well as a reduction in capital spending and unnecessary costs. But the group is also planning to become a “leaner” operation, according to management. This may mean BP is preparing for years of low oil prices and reduced consumption.BP has also committed to itself to becoming a net-zero emissions company by 2050. Doing so will cost a lot of money.BP has said its dividend is safe for the time being, but it’s being reviewed every quarter. As its peers cut their payouts, BP may be incentivised to do the same. It seems unlikely the firm will remove the payout another, but a 50% cut shouldn’t be ruled out.BP share price uncertaintyAll in all, with so many headwinds pushing against the business, it looks as if the BP share price faces further turbulence ahead.Still, the company remains one of the world’s largest energy businesses. This isn’t going to change anytime soon as oil production, refining, and trading is a costly and highly regulated business. There are only a handful of companies that can compete with BP’s size and scale. This gives the business a definite competitive advantage.Therefore, the BP share price may have the potential to generate attractive returns for investors over the long term as part of a diversified portfolio. The world will always need energy, and as one of the world’s leading energy companies, BP can supply it.As such, while the short-term outlook for the BP share price might be uncertain, it may be worth snapping up a shares in the business for the long run. Simply click below to discover how you can take advantage of this. Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997” 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. Rupert Hargreaves | Saturday, 13th June, 2020 | More on: BP center_img The BP share price has fallen 25%! Here’s what I’d do 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. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address See all posts by Rupert Hargreaves 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

This entrepreneur built a $1m SAT-tutoring business from his bed

first_imgShare on Facebook Tweet on Twitter LEAVE A REPLY Cancel reply SMALL BUSINESS FEATUREFrom The HustleTutoring is in Adam Shlomi’s blood.In high school, the South Florida native and recent Georgetown grad taught others the secrets of the SAT and continued to do so on the side for years.So it’s not surprising that when Shlomi suffered an injury in college that left him bored and bedridden for months, he made it his business (literally) to start the online service SoFlo SAT Tutoring.At first, it was just himBut as positive early reviews poured in from his strong network of students and parents, Shlomi found himself setting up QuickBooks and hiring 100 tutors to keep up with demand.Today, Shlomi told The Hustle, his goal is to “develop new client acquisition funnels to power growth.” One funnel leads to Shlomi’s cell, where he talks to potential clients directly.Ironically, if SoFlo does its job, customers leaveSo Shlomi makes their short lifetime value worthwhile by keeping customer retention high with charismatic tutors and by experimenting with new products and services.A 30% dip in demand for SAT prep brought on by COVID could prove challenging, but the company’s growth doesn’t seem to reflect that: Revenue and profit grew by 600% in 2020 and Shlomi is expecting to 3x that in 2021.And don’t worry about Shlomi solving a challenging problem — he scored a 1570 on the SAT.Founder: Adam ShlomiNumber of Employees: 3 administrators and 100 tutorsYear of launch: 2019Cost to launch: $1kFunding methods: Boot-strapped1st-year revenue: $150kCurrent annual revenue: $1m Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 You have entered an incorrect email address! Please enter your email address here Please enter your name here TAGSAdam ShlomiBusinessfloridaInspirationSATSmall BusinessThe Hustle Previous articleFlorida gas prices surge due to arctic blast in TexasNext articleOrange Co. extends rapid COVID testing, emergency rental assistance Denise Connell RELATED ARTICLESMORE FROM AUTHOR Support conservation and fish with NEW Florida specialty license plate The Anatomy of Fear Please enter your comment! Save my name, email, and website in this browser for the next time I comment.last_img read more

New look for NLCB

 20 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 15 June 2000 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Advertisement The National Lottery Charities Board is to spend £100,000 to raise its profile and improve its image. Apparently the word “board” is unfriendly and puts some people off from applying. The board’s title is also seen as “a bit of a mouthful.”The re-branding will be unveiled in the Autumn. New look for NLCB 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 Researching massive growth in giving. read more

July deadline for applications to Young People’s Fund (England)

first_img 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 Researching massive growth in giving.  13 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The Big Lottery Fund’ Grants to Organisations strand of the Young People’s Fund programme in England will come to end this summer. Organisations still wishing to apply have until Friday 14 July 2006 to submit their outline proposal forms, giving the basic information about the project.The last awards to voluntary organisations working with young people between the ages of eleven and 25 years old from the Grants to Organisations strand will be made in December 2006.The key consideration for all applications is that young people are involved at all stages of project development, from planning to evaluation. Advertisement Howard Lake | 12 May 2006 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis July deadline for applications to Young People’s Fund (England) When launched in 2004 as part of the Young People’s Fund, Grants to Organisations aimed to distribute £40 million of lottery funds to groups working with young people in England.Phase 2 of the Young People’s Fund will open for applications in 2007 and will continue to support innovative projects led by and for young people in England. The Fund will make available £81 million to help support local, regional and national projects that improve local communities and offer more opportunities to young people.£19 million will go towards the final roll out of the School Sport Co-ordinators programme that facilitates sports partnerships working together to improve children’s health and self-esteem, as well as building sporting and social skills through group activities.last_img read more

Most donors don’t want pens in packs

first_imgHowever, although people don’t think charities should exaggerate their message, they are less worried about the use of shocking or distressing images.This research will feed into the new code of practice on direct marketing which is being developed by the Institute of Fundraising. Howard Lake | 29 November 2007 | News Tagged with: Individual giving Research / statistics Almost 90 per cent of donors think that money spent on gifts in charity direct mail packs could be better spent on the charity’s cause and 70 per cent think gifts are used to make potential donors feel guilty about getting something for nothing.This was just one of the findings from research by the FundRaising Standards Board in its report ‘Signed, Sealed and Delivered’. More than 2000 members of the public and charity supporters took part in the survey into people’s perceptions of charity direct mail which was carried out on two parts.The report also revealed that the public wants more say in their relationships with charity. More than three quarters of regular givers want some say in how often charities contact them and almost the same number don’t want charities to swap mail lists with others. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Most donors don’t want pens in packs  17 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving.last_img read more

Jailed reporter’s total sentence increased to 18 years

first_img MyanmarAsia – Pacific Jailed video journalist faces additional charge08.12.2011Reporters Without Borders condemns the new charge that was brought on 10 August against Sithu Zeya, a Democratic Voice of Burma video journalist who has been detained since April 2010 and who is already serving an eight-year sentence for filming the damage caused by a grenade explosion in Rangoon.Aged 21, Sithu Zeya could now receive an additional sentence of 7 to 15 years in prison on a charge of circulating material online “that can damage tranquillity and unity in the government” under the Electronic Act.“They gave him the (first) sentence based on the confession he gave to the police under torture,” his mother told Democratic Voice of Burma. “They will use the same confession to sentence him this time. (The judicial system) now is no different from the previous one.”Reporters Without Borders fears that any changes to the Burmese judicial system since the end of military rule are no more than window dressing and urges the international community to step up pressure on Burma for a real political opening, one that guarantees basic freedoms for its citizens including media freedom.Reporters Without Borders also hopes that the pro-democracy opposition leader Aung San Suu Kyi raises the case of imprisoned journalists and bloggers when she has a second round of talks with the government today.An Oslo-based exile radio and TV station, Democratic Voice of Burma launched a campaign in May for the release of its 17 video reporters who are currently imprisoned in Burma. As well as Sithu Seya, they include his father, U Zeya, who is serving a 13-year jail sentence.More than 15 journalists and three netizens are detained in Burma, which is on the Reporters Without Borders list of Enemies of the Internet and is ranked 174th out of 178 countries in the Reporters Without Borders press freedom index. RSF_en RSF asks Germany to let Myanmar journalist Mratt Kyaw Thu apply for asylum to go further Reporters Without Borders is shocked to learn that a Rangoon court today imposed an additional 10-year prison sentence on the jailed Democratic Voice of Burma reporter Sithu Zeya on a charge of circulating material online that could “damage tranquillity and unity in the government” under the Electronic Act. His combined jail sentence is now 18 years.“We are outraged by this unacceptable sentence,” Reporters Without Borders said. “Sithu Zeya is just 21 and has committed no crime. How can the Burmese government claim to be on the road to democracy when its judicial system flouts fundamental human rights? Recent events show that the conciliatory gestures so far taken by this government are just part of a PR strategy and are not indicative of a real intention to give Burmese citizens more media freedom.”The press freedom organization added: “The permission that Burmese publications have been given to show Aung San Suu Kyi on their cover should not be seen as anything other than a smokescreen if, at the same time, a judge takes such an unjust decision against a journalist.”Sithu Zeya was sentenced to eight years in prison in May 2010 on charges of being in contact with “illegal organizations” and violating the Immigration Act. Organisation US journalist held in Yangon prison notorious for torture MyanmarAsia – Pacific May 31, 2021 Find out more Receive email alerts News News News Thai premier, UN rapporteurs asked to prevent journalists being returned to Myanmar News May 26, 2021 Find out more Help by sharing this information Follow the news on Myanmar September 14, 2011 – Updated on January 20, 2016 Jailed reporter’s total sentence increased to 18 years May 12, 2021 Find out morelast_img read more

ECISD job fair

first_img Twitter ECISD job fair Facebook Facebook WhatsApp Pinterest Previous articleCommittee discusses TRE budget priorities, high school optionsNext articleVBS prayer walk admin Pinterest Twitter Local NewsEducation WhatsApp ECISDThe Ector County Independent School District has scheduled a Job Fair on Thursday at George H.W. Bush New Tech, 300 E. 29th St.Teacher applicants come in from 2 p.m. to 4 p.m. and paraprofessionals from 4 p.m. to 7 p.m.The goal is for every campus will be fully staffed by the start of the 2018-2019 school year. Every campus will have a pool of applicants in the event the campus has a late resignation or a no-show. By admin – June 12, 2018 last_img read more