Brazilian trio takes Burger King for $4bn

first_imgThursday 2 September 2010 9:00 pm KCS-content Show Comments ▼ whatsapp Share Brazilian trio takes Burger King for $4bn A LITTLE-KNOWN private equity firm stunned Wall Street by taking over troubled fast food chain Burger King in a $4bn (£2.6bn) deal yesterday.Analysts began talking about a potential wave of takeovers in the restaurant sector after 3G Capital, a New York-based vehicle run by three Brazilian billionaires, agreed a $24-per-share offer with the company’s board. The generosity of the 46 per cent premium to Burger King’s undisturbed share price surprised many market participants.3G will take on the eatery operator’s £750m debt pile and keep chief executive John Chidsey as co-chairman alongside 3G partner Alex Behring. Headhunters will be searching for a fresh candidate to succeed Chidsey as chief executive.3G said it had raised financing from JPMorgan Chase and Barclays Capital. The transaction is expected to close in the fourth quarter.Burger King, which returned to public ownership in 2006 after a spell under the control of private equity groups TPG, Goldman Sachs and Bain Capital, has struggled during America’s lengthy downturn.Its reliance on working class, male customers meant soaring joblessness hit the franchise hard. Last week Burger King said worldwide sales were down 2.3 per cent this year, with sales in the US down 3.9 per cent. In contrast, bitter rival McDonald’s grew its global sales 4.8 per cent in the second quarter, with US sales up 3.7 per cent. Burger King has been trying to fight back with thicker, steak-like premium products.Jake Bartlett, an analyst at Susquehanna Financial Group, said: “This buyer has a more optimistic view of the future than most of the Street does on the stock. Everyone was just shocked to see the bid at nine times 2010 earnings.”Tom Forte, an analyst at Telsey Advisory Group, predicted a “wave of mergers & acquisitions” for the casual dining space. Forte named Mexican grill Brinker International and ribs restaurant Ruby Tuesday as targets.“We won’t have any companies left to cover pretty soon,” he said. “The restaurant sector is an interesting space for private equity looking for companies to generate free cashflow.” Tags: NULL whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org last_img read more

EU’s Barnier expects agreement on host of new rules in few weeks

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Sunday 5 September 2010 10:25 pm KCS-content THE European Union could agree in the next few weeks a law to regulate hedge funds and private equity operators, blamed by some for financial excesses, according to Michel Barnier, European Commissioner responsible for financial regulation. Barnier said last week’s deal over a set of pan-European watchdogs showed a political willingness for further post-crisis reforms.“We are in the last straight. The big work has been done by the European Parliament. There are two or three sensitive points including on the treatment of third countries and the passport for hedge operators,” he said.Under the proposal, approved hedge fund operators would get “a passport” allowing them to manage funds and sell them across the EU. The same proposal includes regulation of private funds.Previous talks between European lawmakers and country representatives on the plan collapsed in June. EU member states are divided on hedge fund regulation with Germany and France wanting tougher controls than Britain.On private equity regulation, European Parliament members are pushing for tighter rules than in draft proposals. whatsapp Show Comments ▼ EU’s Barnier expects agreement on host of new rules in few weeks center_img whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share Tags: NULLlast_img read more

IMF’s Lipsky says recovery is under way

first_img THE world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF’s first managing director, John Lipsky, said yesterday.“They are mainly confident that there is a moderate recovery underway globally,” he told reporters, referring to delegates at the G20 meeting of deputy finance and central bank chiefs in South Korea.“Obviously there are risks and challenges, but things seem to be moving more or less in line with our forecast,” he said, listing well-designed exit strategies and medium-term fiscal consolidation as challenges.He said some good progress has been made in discussing changes to the IMFs executive board, but did not elaborate. G20 members have pledged to reach an agreement on the issue by the time leaders meet in Seoul in November.The US, frustrated at Europe’s refusal to share more IMF power with emerging economies, took unprecedented action last month to block plans that would have kept Europe’s long-running dominance over the 24-member board. Emerging economies have called for a bigger say in international institutions such as the IMF in line with their increasing contribution to the global economy and the resultant importance in global economic policy coordination.A senior Indonesian official said emerging economies want more voting powers as well as a readjustment in the way the global economic policy is made. “For emerging markets, the important thing is not only the size of the increase of the quota, but the general idea of the relationship between the quota and governance of the IMF – and that needs to come in one package,” said Hartadi Sarwono, deputy governor of the Indonesian central bank. One senior official from a member country, who attended the whole of the meetings, said there was no discussion about specific currencies or currency issues, although issues related to reducing the global imbalances were a key topic. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farminvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionMartha Stewart CBDFind All of Martha Stewart’s CBD Products HereMartha Stewart CBDBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach RaiderFolliboost Haircare SerumThinning Hair? Use this For 1 Month and See What HappensFolliboost Haircare SerumWorldLifeStyleCanal Drained For First Time And They Find ThisWorldLifeStyle Share Show Comments ▼ IMF’s Lipsky says recovery is under way whatsappcenter_img Tags: NULL Sunday 5 September 2010 10:31 pm whatsapp More From Our Partners Kamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com KCS-content last_img read more

Employers ignore staff needs

first_img Employers ignore staff needs KCS-content whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Monday 20 September 2010 8:57 pm Employers do not properly understand what motivates their staff to continue working for them, according to a report by one of the world’s largest recruitment and HR services companies. Randstad ranked the main factors driving people to stay at UK companies as their brand, culture and the benefits packages on offer. This was in sharp contrast to what employees ranked as the most important factors: level of remuneration, training and development, a good career path and flexible working conditions. The report also found that over 50 per cent of people feel their skills are under utilised.Among the most disillusioned were those that during the economic downturn have improved their skills to cover additional responsibilities, often because organisations have not hired new staff. This group represents a third of permanent staff and a fifth of interims and contractors and has been dubbed “Generation R”.The report highlights that there is growing gap between what organisations think will motivate their key talent to stay with them and what their employees actually say will retain them. Brian Wilkinson, head of Randstad UK, said: “It is important that organisations act now to resolve this gulf in understanding, otherwise they risk losing talented people who have up-skilled during the recession and made themselves more valuable.”Wilkinson added: “While organisations are focusing on the realities of today, they must not lose sight of the long-term trends which point towards skill shortages, particularly as the number of people of working age declines and the population ages.” Share whatsapp Show Comments ▼ Tags: NULLlast_img read more

Mortgage-related legal claims hit $780m as backlash begins

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMike HistoryAt 66, This Is Bruce Willis’ Private CarMike HistoryDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUBewadaMan Decides to File for Divorce After Taking a Closer Look at This Photo!BewadaFoundation ExpertFoundation Repair Cost In Scottsdale May Surprise YouFoundation ExpertAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediawomengetfreebies.comGet free samples sent to your home. 100% free. Sign up Nowwomengetfreebies.comEmergency Plumbing ServicesPlumber Prices In Scottsdale might surprise YouEmergency Plumbing Services5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard®Cleaning Services | Search AdsHere’s What Cleaning Services In Scottsdale Should Actually CostCleaning Services | Search Ads Tags: NULL Mortgage-related legal claims hit $780m as backlash begins 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Wednesday 27 October 2010 8:51 pm KCS-content center_img whatsapp Show Comments ▼ DEUTSCHE Bank yesterday said it faces less than $1bn (£635m) of claims over mortgage-related securities it helped arrange, amid a growing backlash by clients seeking to recoup losses tied to the credit crisis.The bank’s chief financial officer Stefan Krause told a conference call that Deutsche currently has “approximately $780m of pending mortgage repurchase demands”, adding that it has made “more than adequate” provisions for these claims.Mortgage investors who bought home loans packaged into bonds are seeking redress following the poor performance of these assets.The investors say many securities they bought should never have been sold to them, claiming they fell short of stated standards. WoSome investors want banks to buy back the bonds.Deutsche said it sees no material impact on profit from legal challenges over US mortgage foreclosure practices because it does not have a US mortgage loan servicing business. The attorney general for all 50 US states is investigating whether banks that foreclosed on thousands of bad loans failed to review documents properly or submitted false information to evict delinquent borrowers. Sharelast_img read more

Retail sales rise in early week trade ahead of big freeze

first_img KCS-content Share whatsapp JOHN Lewis and Waitrose enjoyed near-record sales last week, despite the disruption of the snow.Waitrose admitted that sales were down on Saturday by 11 per cent, but a surge in spending earlier in the week more than made up for the effects of the weather.“From Monday onwards customers took the weather forecast seriously and brought forward their shopping to earlier in the week,” said Waitrose’s Mark Price.Overall the week’s sales were 25 per cent higher than at the same time in 2008.For the second week in a row, more than £120m was spent in John Lewis branches throughout the UK. Sales at the department store had never surpassed the £120m mark before this December.Shoppers made “heroic efforts” to get to the shops through the adverse weather conditions, John Lewis said.“As freezing conditions spread throughout the country, sales of outerwear, hats, scarves, gloves and earmuffs have seen unprecedented increases,” said director Andrew Murphy.Overall household spending has increased compared to last December, “despite bad weather conditions”, according to a Markit survey released today.However, the survey warns that households have increased debt levels to support their spending, as incomes have failed to keep up with rising inflation.Retailers hoping for a surge in expensive purchases prior to January’s VAT rise might also be disappointed. According to Markit almost 38 per cent of households reported a drop in their willingness to spend on big ticket items.Regional disparities are forecast to increase, the survey said, with sharp declines expected in areas most reliant on government spending. The North East saw the lowest intentions to buy big ticket items.UK house prices fell for the sixth straight month, the survey said. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal 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 AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comcenter_img whatsapp Retail sales rise in early week trade ahead of big freeze Sunday 19 December 2010 10:21 pm Show Comments ▼ Tags: NULLlast_img read more

Rates held in spite of price inflation fears

first_img Share whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadaUndovirimi.com14 Efficient Arm Workouts To Build Might & Muscle – Virimivirimi.comUndoAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediaUndoadvisor15 Plants that Repel Mosquitoes NaturallyadvisorUndocutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comUndoHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetUndoDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUUndo5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard®UndoBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestinationUndo Thursday 13 January 2011 7:57 pm whatsapp KCS-content Show Comments ▼center_img Tags: NULL INTEREST rates were held for the UK and the Eurozone yesterday, despite rising inflation in both areas.Historically low rates were maintained by the Bank of England (0.5 per cent) and the European Central Bank (ECB), which kept Euro area rates at one per cent.Inflation in the UK rose to 3.3 per cent in November, and is forecast to hit four per cent early this year – double the Bank’s target rate.Price increases for December are due to be revealed by the Bank on Tuesday next week.In the Eurozone consumer price index (CPI) inflation has risen to 2.2 per cent, surpassing the ECB’s target of just below two per cent.UK interest rates have been at 0.5 per cent since March 2009, yet there are signs that the monetary policy committee (MPC) may begin tightening soon.Minutes for December’s meeting revealed a more hawkish tone among the committee. Andrew Sentance, who has persistently called for a small rise in rates, has been hopeful that fellow members of the committee will begin to join him endorsing a 0.25 per cent increase.Towards the end of the month, on 26 January, the Bank will reveal if any of the committee’s nine members joined Sentance in voting for a hike.Last month senior Bank official Paul Fisher made headlines by revealing the MPC would like to normalise rates to around five per cent, although “the speed at which that happens is another thing entirely,” he said.“What we need to do is to trigger the mindset in people that that’s where rates will eventually go back to,” Fisher added.“The MPC could decide that a small near term interest rate hike would support its credibility,” commented IHS Global Insight’s Howard Archer.And markets reacted yesterday to comments by ECB president Jean-Claude Trichet, who cited “short term upward pressure on overall inflation,” sparking concern that Euro rates could rise in coming months.The pan-European FTSEurofirst 300 index of top shares closed 0.6 per cent lower at 1,157.34 points after jumping 1.5 per cent on Wednesday. More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.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.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Rates held in spite of price inflation fears last_img read more

BORIS Vs BLOOMBERG

first_imgThursday 31 March 2011 8:27 pm whatsapp BORIS Vs BLOOMBERG Show Comments ▼ 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 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todayautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comcenter_img whatsapp Share BORIS Johnson yesterday hit back at New York mayor Michael Bloomberg, accusing him of trying to pinch London-based Barclays bank.Johnson said it would be a “tragedy” if London were to lose Barclays, and pointed out the bank had shown its commitment to the capital by sponsoring his flagship “Boris bike” cycle hire scheme. “This underlines the fact that the threat and challenge to our successful financial services sector is real,” Johnson said. He was responding to comments from Bloomberg, who on Wednesday called on Barclays bank to move its headquarters to the Big Apple, saying it would be a “great move for them”. KCS-content Tags: NULLlast_img read more

Groupon close to choosing IPO advisors

first_img whatsapp Friday 15 April 2011 9:53 am John Dunne Show Comments ▼ whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Groupon was unavailable to comment. Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads Share Groupon is likely to appoint Goldman Sachs and Morgan Stanley to lead an initial public offering this year.The two investment banks are to be appointed as two lead underwriters for the IPO and could raise up to $1bn (£612bn) for the company, Reuters reported, quoting sources familiar with the matter.Sources close to Morgan Stanley indicated that they were expecting to receive confirmation of the contract.Goldman Sachs did not respond to calls.Groupon has not yet decided how much it would raise from an offering or when to do so, but is reportedly considering the second-half of the year, probably the third quarter.This could value the deal-of-the-day website at between $15bn (£9.18bn) and $20bn, according to Reuters.Groupon has said it has been profitable since June 2009 but does not publish its financial reports.The site, which offers discounted restaurant and retail coupons, turned down a $6bn buyout offer from Google in December 2010. Groupon close to choosing IPO advisors last_img read more

Pod #1: iGB Live! and Betsson Malta CEO Jesper Svensson

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Marketing Marketing Welcome to the first edition of the iGaming Business Podcast, recorded during iGB Live! in Amsterdam last week.In this first episode, Square In The Air’s James Bennett joins the iGB editorial team to discuss the news. The trio discuss whether the Italian ad ban is a portent of the future in the UK, what’s on the horizon in the US and how operators benefited from this year’s World Cup.This month’s interview is with Betsson Malta CEO Jesper Svensson, who took full control of the operational side of the group in December as founder Pontus Lindwall returned to the helm. Dialling in from his Malta base Svensson describes the operator’s ‘back on track’ strategy and how efficiency and consolidation are the focus as it seeks to boost organic growth. Speaking the day after Betsson’s interim results were published, he reflects on the companies improving margins and looks to future opportunities in live casino and on the operator’s “home turf “of Sweden.Sponsored by: Subscribe to the iGaming newslettercenter_img Email Address Pod #1: iGB Live! and Betsson Malta CEO Jesper Svensson 25th July 2018 | By Mathew Hutchingslast_img read more