Provident Financial pre-Christmas sales help profits exceed market predictions

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Provident Financial pre-Christmas sales help profits exceed market predictions Tags: NULL whatsapp Share Show Comments ▼center_img KCS-content whatsapp Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Thursday 13 January 2011 7:39 pm DOORSTEP lender Provident Financial said 2010 results would be slightly ahead of market expectations after sales of loans strengthened further in the run up to Christmas despite disruption caused by heavy snow.“The group had a strong finish to 2010 and expects to report results slightly ahead of market expectations,” chief executive Peter Crook said in a trading statement yesterday.The company, which specialises in lending to people unable to borrow from high street banks, said the average forecast of 18 analysts was for an adjusted 2010 pretax profit of £141.1m with predictions ranging between £136m and £146.5m.Provident, seeking to allay fears over the impact of government spending cuts and welfare reforms on its business, said in November that it had seen a pick up in home credit sales since September.“This performance improved further through the peak trading weeks in the run up to Christmas, notwithstanding the adverse weather conditions,” the company said.The lender also said its ability to collect repayments on loans had improved in the fourth quarter having been stable in the first nine months of the year while new customer growth had moderated to one per cent due to a focus on existing customers. last_img read more

ECB buys time with strong Spanish sale

first_img THE euro rose to a three-week high against the Swiss franc and regained some of the ground lost to the dollar after successful bond auctions in Spain and Italy yesterday.However, with strong suspicions that the European Central Bank (ECB) is buying up bonds to keep a lid on yields, the relief is likely to be a mere stop-gap until markets pass a verdict on the package being put together for February’s European Council meeting.Officials have promised a “comprehensive” package to solve the Eurozone’s debt crisis, with further borrowing facilities expected to boost the size of the region’s bailout funds. The ECB is thought to be buying time until this package is unveiled.The signs were yesterday that the bank’s actions have convinced bond investors in the short-term. Spain sold €5bn (£4.2m) of five-year debt, with demand strong, but the country was forced to pay nearly a one per cent premium compared to its last auction, with yields at 4.5 per cent versus 3.6 per cent in the last sale. Italy also saw strong demand for its €6bn sale of debt but similarly had to pay a premium compared to its previous sale.Meanwhile, European leaders are meeting behind the scenes in an attempt to gain the initiative.ECB president Jean-Claude Trichet called, once again, for the Eurozone’s bailout facilities to be boosted “quantitatively and qualitatively”.Germany and France are known to be against bankrolling a further expansion in the fund, but there were signs that Germany’s position might shift if chancellor Angela Merkel could be convinced that the survival of the currency union is at risk. She said this week: “We support whatever is needed to support the euro, also with respect to the rescue fund.”Mike O’Rourke of brokerage BTIG said: “It sounds as if the German chancellor spent the holiday season with Fed chairman Ben Bernanke.” Thursday 13 January 2011 8:42 pm Tags: NULL ECB buys time with strong Spanish sale whatsapp KCS-content Share Show Comments ▼ Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap whatsapplast_img read more

LinkedIn prepares IPO

first_imgThursday 27 January 2011 9:11 pm KCS-content Show Comments ▼ Business networking site LinkedIn plans to raise as much as $175m (£110m) in an initial public offering that could value the firm at almost $3bn.The highly-rated company saw its sales more than double to $161.4m in the first nine months of last year from $80.8m in 2009. Its profits for the same period hit $1.85m.Morgan Stanley, Bank of America and JPMorgan Chase will be among the bookrunners for the offering.The number of shares to be offered and the price range for the offering have not been finalised, according to a statement the company filed with the US Securities and Exchange Commission (SEC).A portion of the shares will be issued and sold by the company, while a separate portion will be sold by certain stockholders of LinkedIn, the filing said. LinkedIn, led by chief executive Jeff Weiner, has 90m users, compared with Facebook’s 500m. whatsapp LinkedIn prepares IPO center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp Share Tags: NULL More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comlast_img read more

Government gives green light to Murdoch BSkyB deal

first_img John Dunne Share Tags: NULL Government gives green light to Murdoch BSkyB deal Thursday 3 March 2011 3:30 am whatsapp whatsapp Rupert Murdoch’s News Corp took a huge step towards securing its prized £8bn buyout of BSkyB when the government accepted proposals designed to alleviate competition concerns.The move, which could still be challenged by media rivals in court, would allow News Corp to avoid a prolonged investigation and instead start negotiating the terms of the deal, its most important and politically charged in Britain for decades.As BSkyB consistently posts strong results, analysts had said the price for the satellite pay-TV group would only increase and News Corp is under pressure to secure a deal as soon as possible.In return for approval, News Corp will spin off the loss making but influential Sky News channel and guarantee its future by giving it a carriage-deal for the next ten years.The shares in that company would be distributed amongst the existing shareholders of BSkyB in line with their shareholdings, with News Corp therefore retaining a 39.1 per cent stake holding.To ensure editorial independence, the company would have a board made up of a majority of independent directors, including an independent chair.News Corp wants to buy the 61 per cent of BSkyB it does not already own, raising concerns the company could gain too much control over the media and influence over public opinion.News Corp, which also owns The Sun, Times and News of the World, had offered 700 pence per share for BSkyB but Sky’s independent directors have demanded 800 pence as a minimum. The two companies agreed to secure regulatory approval first and then agree the terms. Show Comments ▼ 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 Wraplast_img read more

Lufthansa fears oil cost rises

first_imgThursday 17 March 2011 8:44 pm whatsapp Show Comments ▼ Lufthansa fears oil cost rises Tags: NULL KCS-content German airline Lufthansa yesterday said a sharp rise in fuel costs could hurt its profits, although economic recovery should boost the airline’s revenues and operating profit this year and next. In its full-year financial report, Lufthansa said it had swung to a 2010 net profit of €1.1bn (£956m),boosted by a €400m one-off tax effect. “2011 will not be a walk in the park,” chief executive Christoph Franz said in a statement. whatsapp 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’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Sharelast_img read more

ICB meets to finalise bank report

first_img Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ Tags: NULL Tuesday 29 March 2011 9:13 pm Share ICB meets to finalise bank report whatsapp whatsapp The members of the Independent Commission on Banking (ICB) are due to meet in London today to put the finishing touches to their interim report into a possible overhaul of the banking sector, due to be published on 11 April. The panel’s final recommendations are not due until autumn, but three banking bosses plan to pre-empt any plans to raise capital or liquidity requirements by writing to the commission to object, according to a report on the Sky News website. KCS-content last_img read more

Standard Life results aim to justify outlay

first_img Tags: NULL Standard Life results aim to justify outlay whatsapp Show Comments ▼ KCS-content STANDARD Life’s investment strategy will be under scrutiny on Thursday when it posts first quarter results, with analysts expecting long-term savings net flows to increase by 18 per cent. Shares in the Edinburgh-based life insurer fell more than 18 per cent at the end of March following full-year results that highlighted its higher investment spending. But its UK corporate cash flow is expected to jump 10 per cent to £854m from £776m for the three months to March 2011. However, net cash flows from self-invested personal pensions are likely to be down, having benefited last year from proposals to change the minimum age at which pensions can be accessed. The Department for Work and Pensions last week ruled out allowing the early access to pension savings, saying there was no evidence it would encourage more people to start saving. Chief executive David Nish, who was promoted from finance director at the firm in January 2010, was also awarded a 66 per cent pay rise earlier this month, based on strict targets that mean he will have to deliver an operating profit of £800m by 2013. Current projections for 2013 profits stand at £556m.During the reporting period, Standard Life also completed its acquisition of financial software company Focus Solutions for £42m, in a move designed to boost its customer services and improve product ranges. 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 ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Monday 25 April 2011 10:43 pm whatsapp Sharelast_img read more

iGaming Tracker: do suppliers rely on a few ‘golden oldie’ titles?

first_img Tags: Online Gambling Slot Machines Microgaming The Microgaming distribution is different compared to the other established games suppliers in that they have three old games that have significant presence – Immortal Romance, Thunderstruck 2 and Mega Moolah.The other games with significant share are newer game releases. Microgaming has one of the largest portfolios of games available in the market, however as you can see the majority of content share is spread over a couple of dozen games. How reliant are suppliers on a few established titles? iGaming Tracker’s Ken Muir digs into the data to find out 30th May 2018 | By Stephen Carter iGaming Tracker – how it works iGaming Tracker tracks hundreds of casino sites worldwide every day. From this data it can ascertain which games are on which sites and where they are positioned on the pages. It can also measure the market share of casino games suppliers by percentage of “real estate” on casino sites at any given date.For more information visit www.igamingtracker.com or email [email protected] articles: iGaming Tracker: ‘logged in’ vs. ‘not logged in’ content iGaming Tracker: churn and the life of a casino game iGaming Tracker: challenger games suppliers Casino & games Subscribe to the iGaming newsletter Email Address Topics: Casino & games Marketing & affiliates Strategy Tech & innovation Slots AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Slots such as Starburst and Rainbow Riches are still omnipresent across casino sites worldwide many years after launch. So what does this tell us about the reliance of the big developers on a few ‘golden oldie’ titles and how does this vary across the different markets? iGaming Tracker’s Ken Muir digs into the data to find outEstablished suppliers have large portfolios of games, often numbering over 300. They launch at least one major game every month, each one usually prominent on casino homepages for several weeks then fading in popularity if not into complete obscurity (for more on this see our December article on ‘the churn and life of a casino game’)Occasionally though some games will ‘stick’ on casino homepages and retain their popularity and presence on sites worldwide.This article will look at some of the big suppliers’ content share on these sites to understand the degree to which they rely on a small number of well-established games. To be clear, the analysis will only include content present on casino pages over time, and does not quantify the traffic to those sites or revenue. However, from this content share, it’s fair to assume that the revenue generated from these games broadly correlates. NetEnt The table below shows the total content mix of NetEnt’s games across 262 sites from 1 March to 14 May 2018. We have just taken into account the site’s main pages and top 30 positions on these.During that period, we tracked over 150 NetEnt games on those sites’ main pages. However you can see the share of content is dominated by a few major titles. In fact, 35% of the total content share is spread across just five games; Starburst, Gonzo’s Quest, Asgardian Stones, Hotline and Twin Spin.Starburst alone accounts for 13% of NetEnt’s total content share.This is not surprising. What is perhaps more remarkable is the mix of newly launched games and old games. On the table, the darker the shade of green, the newer the game is.As you can see, many of the new games have a large content share. Given the amount of resource now needed to produce and market a new game launch, this is understandable. However, most of the big games are still the ‘golden oldies’. And this pattern is not unique to NetEnt. Summing up The visualisations illustrate the reliance by games suppliers on a relatively small amount of slot titles. In the main these popular titles are well entrenched. Whilst new game releases do have an initial impact, they tend to fade after a few weeks.There is also difference game mix across regions. It seems that regulated markets with less competition for game content on sites will have a smaller offering of game titles and will have less game releases than more competitive and open markets such as the UK and Sweden. Different regions also boast a different share of particular games.We looked at SG Digital content in the UK and New Jersey. As you can see, Rainbow Riches has a large share in the UK market whereas it is not present in New Jersey. Conversely 88 Fortunes is the most prominent game in New Jersey, but several games have greater prominence in the UK.The UK chart has many more games present and a different mix of games; the New Jersey distribution has relatively few new games. As it’s a regulated and ring-fenced market, there seems to be less reliance on new game releases. Playtech Most of Playtech’s games content is present on the ‘exclusive’ pages they have with big operators. This may explain why Playtech’s content share is much more evenly distributed across many more titles than their peers.The mix of old and new games is much more varied and it seems they are getting decent coverage from many relatively new game titles. This analysis includes titles from Quickspin and Eyecon, companies acquired by Playtech in recent years. SG Digital SG Digital comprises the brands Bally, Williams, Barcrest, Shuffle, Red7 and now NextGen branded games. Their No 1 game, Rainbow Riches, accounts for 7% of their content share on the main casino pages.Their share is more distributed than NetEnt, i.e. it is spread over more games, however similar to NetEnt, the majority of the big games are at least a year old.New games such as King Kong Fury do currently command a sizeable share, but it is likely this will decline over the coming months, quickly being replaced by more new game releases. Play’n Go Play’n Go differs from the other suppliers analysed in that they have a smaller range of games. With a smaller portfolio they rely on a smaller amount of games, but their new games have a proportionately larger impact. This pattern is similar to other up-and-coming games developers such as Yggdrasil and Red Tiger Gaming (for more on this see our recent analysis on “challenger games suppliers”) Regional variations The analysis above looks at sites over several different countries. We drilled down into the supplier data to see if countries had a contrasting mix of established vs. newer releases.The table below compares NetEnt content in a highly regulated market, Italy, with a highly competitive (open) grey market, Sweden.As you can see from the heatmaps (the darker the shade, the newer the title) game distribution is far more even in the regulated market of Italy compared to Sweden. This would suggest that less competitive regions have less reliance on new game content and thus the share of new game releases is smaller. iGaming Tracker: do suppliers rely on a few ‘golden oldie’ titles?last_img read more

Catena confirms Hellberg as new chief executive

first_img4th June 2018 | By contenteditor People Catena Media has today (Monday) confirmed Per Hellberg will take over as chief executive with immediate effect. In March, Catena announced the initial appointment of Hellberg, saying he would assume the role no later than September 3. He joins Catena from digital magazine and application service Readly, where he had been chief executive since 2013. “I am ready and strongly motivated to take Catena Media’s journey of growth a further step forward,” Hellberg said. “At Catena Media, I will be able to combine my drive, experience, leadership skills, expertise and knowledge of online lead generation.” Hellberg replaces Henrik Persson Ekdahl, who has been serving as acting chief executive since the departure of Robert Andersson in October last year. Ekdahl, the largest shareholder in Catena through a holding in Optimizer Invest, will now return to his role as a board member of Catena.Related articles: Catena Media confirms Hellberg as CEO New boss will ‘hit the ground running’ says Catena Catena Media appoints Ekdahl as acting chief executive Catena Media has today (Monday) confirmed Per Hellberg will take over as chief executive with immediate effect Catena confirms Hellberg as new chief executive Tags: Online Gamblingcenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Topics: People Strategy Email Addresslast_img read more

Interim AGA chief rules herself out as permanent boss

first_imgCasino & games Regions: US Topics: Casino & games Strategy Stacy Papadopoulos says she will not be Geoff Freeman’s permanent replacement Interim AGA chief rules herself out as permanent boss A committee including Caesars Entertainment chief Mark Frissora (pictured) is to lead the search for a new head of the American Gaming Association (AGA) after the surprise departure of long-serving CEO Geoff Freeman was confirmed last month.Stacy Papadopoulos, general counsel and SVP of industry services at the AGA, has been appointed as interim CEO of the body, which is the gaming industry’s premier national trade group in the US, until a permanent successor is named.Papadopoulos told iGamingBusiness that she is “not pursuing the CEO job long-term”, saying she is “honoured to help lead during this period of transition and have every confidence the search committee will identify the right candidate.”It was announced last month that Freeman (pictured) will leave the organisation at the end of this month after more than five years in charge. His departure for the Grocery Manufacturer’s Association comes just weeks after the Supreme Court rescinded PASPA – a ruling that will have a momentous impact on the industry in the US and worldwide.Papadopoulos told iGamingBusiness: “I’m focused on working closely with the talented team at the AGA to drive our strategic priorities as well as capitalise on opportunities like the legalisation of sports betting across the US, supporting the search committee of the board as they move through the process of identifying our next CEO, and continuing to serve our members with excellence.”Tim Wilmott, CEO of Penn National Gaming and chairman of the AGA’s board, will lead the search for Freeman’s replacement.“The gaming industry is widely recognised as among the most popular of consumer entertainment experiences and we take seriously our role in providing this experience safely and responsibly,” Wilmott said.“We are also proud to support the creation of strong jobs and tremendous economic value for the communities in which we operate across the United States. The growing impact of our industry, including the opportunity for states to offer legal sports betting, makes this an especially exciting time to lead our membership toward a vibrant future.”Greg Carlin of Rush Street Gaming, Trevor Croker of Aristocrat and representatives from MGM Resorts and Las Vegas Sands will also be involved in the search for a new CEO, with support provided by executive recruitment firm Spencer Stuart.In March, the AGA announced the addition of six new companies as board-level members: GVC Holdings, Paddy Power Betfair, Stars Group, BMM Testlabs, Golden Entertainment and Choctaw Casinos and Resorts.center_img Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 3rd July 2018 | By contenteditor Email Addresslast_img read more