IG Group blames EU regulations for H1 revenue drop AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Tags: Binary Options and Forex Finance Regions: Europe Email Address Turnover has slumped by around 20% in EU markets following regulatory changes introduced in July this year Investment services provider IG Group has warned that regulatory headwinds have led to a revenue drop of around 6% year-on-year for the six months period ended November 30.IG Group, which on January 22 will publish its update for the first half of the financial year ending May 31, 2019, cited the introduction of European Securities and Markets Authority (ESMA) regulations for the fall.At the start of July, ESMA, the European Union securities regulator, renewed a ban on the sale of binary options to retail customers. A month later, fresh ESMA restrictions relating to the provision of contracts for difference (CFD) products to retail clients became effective.This led to IG Group posting a 5% fall in revenue to £128.9m (€146m/$171m) for the first quarter of its fiscal year, ending August 31.In a trading update issued today (December 4) to the London Stock Exchange, the company said that group revenue in the four-month period since all the measures came into force is expected to be around 10% lower than in the same period in the prior year.Underlying revenue in the four-month period from European Union markets is expected to be around 20% lower year-on-year, wiping out up a 9% increase in revenue from the group’s business in the Asia-Pacific region and other jurisdictions not covered by ESMA.The company added that around 70% of UK and EU revenue in the four-month period had been generated from professional clients. This is partly due to the increasing number of clients in the ESMA region who have elected to be classified as professional, while some 1,200 clients who previously contracted with a UK entity are now trading with an entity outside the ESMA region, IG Group said.The number of new over-the-counter clients who traded for the first time with IG Group in the first half of the year was 14,600 – down from 18,027 in H1 2017. This included a near-30% fall to 8,200 clients in the ESMA region, while the number of non-ESMA clients remained relatively flat.Following the announcement today, IG Group’s share price had dropped by more than 7% by 11.20am.Despite these challenges, and with June Felix (pictured) having been named as the new chief executive at the end of October, the group has insisted that it is making progress with its strategic initiatives.Notably, IG Europe, the group’s client-facing subsidiary in Germany, has received its licence from the country’s financial regulator, the Federal Financial Supervisory Authority (BaFin). This will guard against possible disruption caused by Brexit by ensuring the group is able to offer its products in all EU member states following the UK’s scheduled departure from the union on March 29.Additionally, the group’s US subsidiary has been approved as a member of the National Futures Association and is now registered to operate as a retail foreign exchange dealer.Felix, who had served as a non-executive director of the group since 2015 and has a background in payments and technology corporations, replaced Peter Hetherington, who stood down unexpectedly in September.In July, Hetherington said that IG Group was in a strong position to mitigate the impact of the regulatory changes after the company reported a 32% increase in operating profit on the back of record turnover in the 12 months through to the end of May 2018.However, it is understood that the group’s board had been keen to broaden the company’s focus beyond CFDs, which ultimately contributed towards the change at the helm. Subscribe to the iGaming newsletter 4th December 2018 | By contenteditor
S&P downgrades Codere to ‘B-‘ 15th October 2019 | By Daniel O’Boyle Topics: Casino & games Finance Email Address Credit rating agency S&P Global has downgraded Codere from a ‘B’ to a ‘B-,’ a week after the company announced financial inconsistencies may reduce its full-year earnings by up to €20m (£17.9m/$22.0m). Credit rating agency S&P Global has downgraded Codere from a ‘B’ to a ‘B-,’ a week after the company announced financial inconsistencies may reduce its full-year earnings by up to €20m (£17.9m/$22.0m).The S&P rating system contains 10 points from AAA to D, of which six can be modified with a ‘+’ or ‘-’, denoting a high or low standing respectively within the category. The ‘B-’ rating therefore is the 16th-highest of 22 possible ratings a company may receive.The decision to downgrade the company comes a week after Codere announced that it would investigate financial inconsistencies among unnamed Latin American subsidiaries. The company stated that the subsidiaries may have overstated their reported results by between €13m and €18m, which would ultimately have an effect on its full-year earnings.Codere said the inconsistencies were an “isolated incident” that would not affect any other year’s financial results.In addition to the inconsistencies, devaluation of the Argentine Peso may have played a role in the downgrade. Argentina had been Codere’s largest market in 2018, but its revenue has fallen in the country owing to the decline in the value of the currency due to political instability.Codere initially reported a net loss of €8.5m for the first half of 2019, down 78% from last year. At the time the company said it was on track to meet its target EBITDA of €280m to €290m, but following the inconsistencies, this figure was revised down to €260m to €270m.“An obligation rated ‘B’ is more vulnerable to nonpayment than obligations rated ‘BB’, but the obligor currently has the capacity to meet its financial commitment on the obligation,” S&P’s definition of the ‘B’ rating states. “Adverse business, financial, or economic conditions will likely impair the obligor’s capacity or willingness to meet its financial commitment on the obligation.”The rating agency does not further elaborate on the conditions for a company’s standing to be low enough within the B grade to warrant a ‘B-’. Subscribe to the iGaming newsletter Casino & games Tags: Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter
Maendeleo Bank Plc (MBPLC.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2016 interim results for the second quarter.For more information about Maendeleo Bank Plc (MBPLC.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Maendeleo Bank Plc (MBPLC.tz) company page on AfricanFinancials.Document: Maendeleo Bank Plc (MBPLC.tz) 2016 interim results for the second quarter.Company ProfileMaendeleo Bank Plc is a leading financial institution in Tanzania offering banking products and services to micro entrepreneurs, small and medium enterprises and corporate clients. It offers the full spectrum of financial solutions ranging from current, savings and time deposit accounts to micro, small and medium-sized loans. Maendeleo Bank also offers insurance solutions for business, domestic, motor, personal accident, group personal accident and all risks insurance; as well as foreign exchange products, investment services in government securities and mobile and internet banking. Maendeleo Bank Plc is listed on the Dar es Salaam Stock Exchange
Les Gaz Industriels Limitée (GIL.mu) listed on the Stock Exchange of Mauritius under the Chemicals sector has released it’s 2020 abridged results.For more information about Les Gaz Industriels Limitée (GIL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Les Gaz Industriels Limitée (GIL.mu) company page on AfricanFinancials.Document: Les Gaz Industriels Limitée (GIL.mu) 2020 abridged results.Company ProfileLes Gaz Industriels Limitée is based in Bell Village, Mauritius, and engages in the manufacturing, distribution and sale of industrial gases such as liquid and gaseous nitrogen in bulk, cylinders and welding electrodes in Mauritius and internationally. The company’s production line also include medical gases that are primarily used for medical purposes such as hospitals and clinics, these gases include oxygen, air, entonox, and nitrous oxide gases. In addition, Les Gaz Industriels Limitée offers industrial gas equipment comprising of regulators, cutting torches, flashback arrestors, and a selection of accessories and options in medical gas equipment, as well as welding and cutting services. Les Gaz Industriels Limitée is listed on the Stock Exchange of Mauritius.
Associate Rector Columbus, GA Ethnic Ministries, Rector Knoxville, TN Rector Albany, NY Submit a Job Listing Featured Events Family Ministry Coordinator Baton Rouge, LA Assistant/Associate Rector Washington, DC Course Director Jerusalem, Israel Priest Associate or Director of Adult Ministries Greenville, SC Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Assistant/Associate Priest Scottsdale, AZ Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Featured Jobs & Calls Submit an Event Listing This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Director of Administration & Finance Atlanta, GA Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Collierville, TN Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Rector (FT or PT) Indian River, MI Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Cathedral Dean Boise, ID In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 New Berrigan Book With Episcopal Roots Cascade Books Rector Bath, NC Missioner for Disaster Resilience Sacramento, CA Priest-in-Charge Lebanon, OH Assistant/Associate Rector Morristown, NJ The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Canon for Family Ministry Jackson, MS Associate Priest for Pastoral Care New York, NY Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Tags Video: Presiding Bishop preaches at Christ Church Cathedral, Houston Video Rector Shreveport, LA Curate Diocese of Nebraska Rector Washington, DC Associate Rector for Family Ministries Anchorage, AK Youth Minister Lorton, VA Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Bishop Diocesan Springfield, IL Rector Pittsburgh, PA Rector Smithfield, NC Rector and Chaplain Eugene, OR Submit a Press Release By Mary Frances SchjonbergPosted Nov 17, 2016 Presiding Bishop Michael Curry, Rector Martinsville, VA [Episcopal News Service – Houston, Texas] Presiding Bishop Michael Curry preached Nov. 16 during the opening Eucharist for the International Black Clergy Conference.The Eucharist took place at Christ Church Cathedral in downtown Houston. The church, which is the oldest congregation in Houston still worshipping on its original site, was filled for the service with members of the Diocese of Texas. Texas Bishop Andrew Doyle presided.The conference runs until Nov. 19. Previous ENS coverage of the conference is here.– The Rev. Mary Frances Schjonberg is an editor and reporter for the Episcopal News Service. Rector Tampa, FL Rector/Priest in Charge (PT) Lisbon, ME Press Release Service Rector Hopkinsville, KY Rector Belleville, IL AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Curate (Associate & Priest-in-Charge) Traverse City, MI Director of Music Morristown, NJ
Area: 92 m² Area: 92 m² Year Completion year of this architecture project “COPY” Architects: Naoko Horibe Area Area of this architecture project photographs: Kaori IchikawaPhotographs: Kaori IchikawaSave this picture!© Kaori IchikawaRecommended ProductsHotel ApplicationsAccoyaAccoya® Wood at World Hotels Salinda ResortsConsole tablesBoConceptLos Angeles Lounge Table 6270Louvers / ShuttersTechnowoodSunshade SystemsText description provided by the architects. With its simple arced shape echoing the shape of the property and its charred cedar exterior similar to that found throughout the neighborhood, this residence blends seamlessly into its surroundings of peaceful rice fields, temples, and shrines. Save this picture!AxonometricThe kitchen sits in the very center of the home with a clear view of the living room, tatami space, and, across the courtyard, all of the other rooms. Save this picture!© Kaori IchikawaThe layout allows the residents to keep an eye on their small children no matter where in the house they are. Because all the rooms face onto the courtyard, they are flooded with light and fresh air without being exposure to passersby outside.Save this picture!PlanProject gallerySee allShow lessKindergarden between Palms in Los Alcazares / Cor & AsociadosSelected ProjectsLeaning Out: Women in Global PracticeEvent Share Year: House in Kamoshima / Naoko Horibe Projects “COPY” House in Kamoshima / Naoko HoribeSave this projectSaveHouse in Kamoshima / Naoko Horibe Save this picture!© Kaori Ichikawa+ 17 Share 2012 Japan CopyHouses•Tokushima, Japan Photographs Year: Houses 2012 ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/402309/house-in-kamoshima-naoko-horibe Clipboard ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/402309/house-in-kamoshima-naoko-horibe Clipboard CopyAbout this officeNaoko HoribeOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesTokushimaHousesJapanPublished on July 24, 2013Cite: “House in Kamoshima / Naoko Horibe” 24 Jul 2013. ArchDaily. Accessed 11 Jun 2021.
Lead Architects: Lima Villa / Loci Architecture + DesignSave this projectSaveLima Villa / Loci Architecture + Design Houses United Arab Emirates Save this picture!© Natelee Cocks+ 24Curated by Hana Abdel Share ArchDaily Area: 1865 m² Year Completion year of this architecture project CopyHouses•Dubai, United Arab Emirates “COPY” Photographs 2018 Roger Doyle, Hamad Khoory Year: Design Team:Sham Enbashi, Michael Paulo CruzStructural Engineer:Al Saraya EngineeringMep Engineer:Consistent Engineering ConsultantsCost Consultant:NEACity:DubaiCountry:United Arab EmiratesMore SpecsLess SpecsSave this picture!© Natelee CocksRecommended ProductsEnclosures / Double Skin FacadesFranken-SchotterFacade System – LINEAEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreWoodGustafsWood Veneered Wall & Ceiling PanelsWindowsKalwall®Facades – Window ReplacementsText description provided by the architects. The paradigm of the traditional Arabic courtyard is explored in the concept for this private villa in Dubai, where climate and context ensure the courtyard plays a vital role, modulating internal private space, evoking the memory of ancient Arabic architecture. The courtyard garden offers controlled views of landscape and water from the interior, and mashrabiya screens offer views out, but controls views in, particularly important in the local context, animating the façade and interior with a play of light and shadow. Save this picture!© Natelee CocksSave this picture!Ground Floor PlanSave this picture!© Natelee CocksLocated in a suburban context, the villa presents itself as a mostly closed volume to the sides and rear, the rectangular form completed by large openings and mashrabiya screens, screened from view from the road by dense vegetation. To one side is the courtyard garden and pool, a private oasis within the city around which the functions of the villa wrap. The creation of a micro-climate where the traditional passive cooling techniques of landscape, shading and water cooling reduce the ambient temperature and establish privacy, openness and dappled natural light. Save this picture!© Natelee CocksSave this picture!SectionsSave this picture!© Natelee CocksThe garden is the preserve of the ground floor living spaces, with strong visual connections with large terraces and lush landscaping inviting the outside in. A tree filled central courtyard with skylights creates a private internal environment, with natural light streaming from above. The bedroom suites on first floor are oriented around this courtyard, the master bedroom having a private access, bay window, and private bathroom suite behind the mashrabiya screen, with filtered light playing across natural materials of stone and wood. At basement level a large majlis and dining space have views over a sunken courtyard, along with a guest bedroom suite. All of the service spaces are located in the basement completely hidden from view. The circulation and access carefully managed to maximize efficiency and ensure family privacy. Save this picture!© Natelee CocksNatural materials are employed to reinforce the concept of the house – local natural stone walls to the boundary and garden, cut stone fin walls emphasize openings made of natural wood. Mashrabiya screens of bronze aluminium and concrete provide privacy and modulate light to the interiors which are warm and filled with natural light.Save this picture!© Natelee CocksProject gallerySee allShow lessKate’s Kafe / TON ArchitectsSelected ProjectsKikori-ya / Opensite architecture studioSelected Projects Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/948029/lima-villa-loci-architecture-plus-design Clipboard “COPY” Photographs: Natelee Cocks Manufacturers Brands with products used in this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/948029/lima-villa-loci-architecture-plus-design Clipboard Manufacturers: AutoDesk, ORAMA, Siematic, CEA Design, Casabella, Trimble Architects: Loci Architecture + Design Area Area of this architecture project Lima Villa / Loci Architecture + Design Projects CopyAbout this officeLoci Architecture + DesignOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesDubaiOn FacebookUnited Arab EmiratesPublished on September 22, 2020Cite: “Lima Villa / Loci Architecture + Design” 22 Sep 2020. ArchDaily. Accessed 10 Jun 2021.
Keep the Money Coming: A Step-By-Step Guide to Annual Fundraising 19 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 21 November 2007 | News 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 GoodJobs.org.uk. Researching massive growth in giving.
Howard Lake | 25 February 2009 | News Buy ‘cheep’ gifts with a conscience this Easter AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 30 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: charity gifts chicks Christian Aid ducks Easter Present Aid Trading Christian Aid is asking people to choose gifts that ‘cheep’ this Easter to help tackle poverty. A fluffy brood of chicks for £31 and quacking ducks for £24 are amongst the Present Aid gift ideas on www.presentaid.org.uk that could help change lives in developing countries.In rural Bolivia, Christian Aid partners provide chicks, roosters and training to poor communities to help them make a living, and in Bangladesh duck farming helps people become self-sufficient after devastating floods.Daniel Charles, Head of Present Aid, said: “Everyone always gets chocolate eggs for Easter, but what about getting chicks for your loved ones this year? Just as brown was the new black, so chicks are the new chocolate eggs. It’s a gift that will help some of the poorest communities. And thanks to Divine, you don’t need to miss out on your chocolate treat.”All money raised by Present Aid gifts is allocated to a project fund related to the gift. For example if you spend £24 on 16 ducks the money will go into the agriculture and livestock fund, from which Christian Aid partner organisations in more than 50 countries get funding for their work helping some of the world’s poorest people.Everyone who orders a Present Aid gift from 1st March until 31st of August 2009 will not only receive a card for the recipient of the present but also a free bar of Fairtrade Divine chocolate.– ends –For more press information, pictures or case studies, please contact Kati Byrne on 020 7523 2452 or [email protected] to Editors:Christian Aid works in some of the world’s poorest communities in 49 countries. We act where the need is greatest, regardless of religion, helping people build the life they deserve.www.christianaid.org.ukMoney raised by the gifts in the Present Aid catalogue are distributed to one of six project funds:Agriculture and livestockEmergency and disaster preparednessHealthcare including HIV/AIDSPower and energyTraining and educationWater and environmentChristian Aid helped set up Divine Chocolate in 1998, and supports its Fairtrade and farmer-owned business model as an effective way for producers to work their way out of poverty.www.divinechocolate.com 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 GoodJobs.org.uk. Researching massive growth in giving. Advertisement
The Irish Youth Foundation is calling for applications for its 2013 funding round from organisations in Northern Ireland and the rest of the UK. Funding will be allocated at two levels – small grants up to £2,500 and standard grants up to £12,000. The Irish Youth Foundation raises funds and provides grants for projects benefiting young Irish people and children aged up to 25. It is particularly concerned with helping young Irish people and their families who are disadvantaged and in need. Projects that will not be supported by the Foundation include appeals from large national charities, research, capital bids and overseas travel. Advertisement Howard Lake | 18 December 2012 | News Tagged with: Funding Ireland Irish Youth Foundation opens for applications AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis The grants can be used to extend an existing activity, to employ additional staff, to purchase equipment, to undertake an evaluation, to publish a report, to improve organisational capacity or to try something new and different. Completed applications should be received no later than Friday 25 January 2013. Successful applicants will be informed in May/June 2013. Applications forms, which can be downloaded from the Foundation site, together with any other required documents, should be sent by email to: [email protected] or [email protected] The Irish Youth Foundation also operates in the Republic of Ireland but it has different application deadlines. www.iyf.org.uk 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 GoodJobs.org.uk. Researching massive growth in giving. 39 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis