BP venture to pay highest ever dividend

first_img KCS-content Tags: NULL TNK-BP HOLDING, the publicly traded part of BP’s joint venture in Russia, said yesterday it has recommended a record-high interim dividend of 124bn roubles (£2.6bn). Russia’s third-biggest oil company, which elected former BP chief executive Tony Hayward to its board last month, has recommended the payout in what several analysts said is a move to feed cash back to parent company BP. Meanwhile, BP finalised its $3.25bn (£2.1bn) deal with American oil group Apache to sell its natural gas assets in Western Canada. The oil major is attempting to raise up to $30bn to cover costs stemming from the Deepwater Horizon oil spill in April. TNK-BP’s 8.04 roubles per share payment could provide other shareholders with funds to buy BP’s assets, helping it raise further cash. “Basically, the main shareholders are receiving cash that they can then use to buy assets from the parent company, and BP is in need of high dividend payouts now more than ever,” said Denis Borisov, an oil analyst at the Bank of Moscow.TNK-BP, half-owned by four Russia-connected billionaires, has its eye on BP assets in Vietnam, Venezuela and Algeria.Earlier this month, BP’s new chief executive Robert Dudley said it may sell its main Vietnam assets, worth around $1bn, to TNK-BP without inviting other parties to bid.Analysts also said TNK-BP’s large dividends will help one of its shareholders, the oligarch Mikhail Fridman’s Alfa Group, pay down debt related to its main assets, Russian telecoms operator Vimpelcom and the retailer X5. “It is possible that Alfa needs the money to pay debt secured against a range of its assets,” said Evgeny Golosnoi, an oil analyst at Troika Dialog.TNK-BP shareholders must approve the 8.77 per cent dividend hike at a meeting on 18 November. TNK-BP declined to comment on the reason behind the rise in the proposed dividend payments this year.London-listed shares of BP fell 0.74 per cent to 429.15p yesterday, faring slightly worse than the FTSE 100 index, which fell 0.19 per cent. whatsapp Share Tuesday 12 October 2010 9:12 pm BP venture to pay highest ever dividend whatsapp More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼last_img read more

Eurozone industrial demand continues to rise

first_img Show Comments ▼ More From Our Partners Connecticut man dies after crashing Harley into live bearnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller 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.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Eurozone industrial new orders rose in December, confirming a strong economic recovery going into 2011, but pointing to weaknesses in consumer demand.The European Union’s statistics office, Eurostat, has said industrial new orders in the 16 countries using the euro in December increased 2.1 per cent month-on-month from November, for an 18.5 per cent year-on-year gain.Economists polled by Reuters had expected a 0.8 per cent monthly decrease and a 16.2 per cent annual rise.December’s rise follows a similar 2.1 per cent rise in November, Howard Archer, chief economist at IHS Global Insight, said.“The strength of industrial orders at at the end of 2010 bodes well for Eurozone industrial production in the early months of 2011 at least,” he said.“Furthermore, latest survey news on the sector is very encouraging with the February manufacturing purchasing managers’ survey for the Eurozone showing activity at a ten-year high with output, new orders, export orders, backlogs of work and employment all very healthy.”Debt-heavy peripheral nations suffered most, with new orders down most sharply in Ireland, and a decline for a second straight month in fellow financial bailout recipient Greece. Orders also dropped in Portugal and Spain – the countries financial markets believe could be next in line for a rescue.Except for Germany, which suffered declining industry demand for big-ticket items, new orders were up in every other eurozone country.Without the volatile orders for ships, planes and trains, industrial orders rose 1.3 per cent on the month and were 18.9 per cent higher than a year earlier.Martin van Vliet, euro zone economist at ING, said the growth figures were impressive, but it was important to remember they represented a recovery from a virtual freefall in 2009.While demand for capital and intermediate goods was strong, orders for durable consumer goods fell 2.3 percent from November – the second consecutive monthly decline – pointing to some weakness in household demand.“This fuels the view that Eurozone consumers remain reluctant to spend on big-ticket items and are a weak link in economic activity,” said Archer. whatsapp Tags: NULL alison.lock whatsapp Eurozone industrial demand continues to rise Wednesday 23 February 2011 8:01 am Sharelast_img read more

M&S sales in surprise lift

first_img whatsapp M&S sales in surprise lift Wednesday 6 April 2011 8:11 pm KCS-content whatsapp Show Comments ▼ Sharecenter_img MARKS and Spencer yesterday lifted some of the gloom surrounding the retail sector with a slim sales rise – but the company warned that times will get tougher.The chain – which had been expected to report a sales slump – was given a boost from its food section. Overall its UK like-for-like sales rose 0.1 per cent in the 13 weeks to 2 April.General merchandise fell 3.9 per cent, but that was cancelled out by the 3.4 per cent rise in food sales.Chief executive Marc Bolland, who joined M&S from Morrisons, has brought in hundreds of new food ranges to the store. He said the food category was performing well because of the “unique” ranges it was offering, but indicated that consumers were becoming increasingly hard pushed. “It is not that we are hitting a wall or sales are falling off a cliff … the Budget has not had a big impact. However there will be an increasingly tough time over the next year,” he said.Bolland said that special occasions like Mothers’ Day and Valentine’s Day had boosted sales as customers treated themselves after tightening their belts in other areas of their expenditure. Meanwhile M&S apologised after some UK customer details were stolen, including email addresses. Tags: NULL More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com 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 PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBelast_img read more

Pennsylvania sees fantasy decline continue into February

first_img Regions: US Pennsylvania Subscribe to the iGaming newsletter Pennsylvania sees fantasy decline continue into February DFS 18th March 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Sports betting DFS The Pennsylvania Gaming Control Board (PGCB) has reported a 23% decline in fantasy contests revenue for February, the vertical’s third consecutive month of decline. Total revenue for February fell to $1.6m (£1.2m/€1.4m), with DraftKings leading the market in the month. Tags: Fantasy Sports Mobile Online Gambling The Pennsylvania Gaming Control Board (PGCB) has reported a 23% decline in fantasy contests revenue for February, the vertical’s third consecutive month of decline.Total revenue for February fell to $1.6m (£1.2m/€1.4m), with DraftKings leading the market in the month. The fantasy sports giant generated revenue of $906,451.16, or 56% of the total, though this represented a 12% month-on-month fall.FanDuel also saw its revenue fall sequentially, down from $998,218.08 in January to $622,815.68. Once again, FanDuel and DraftKings accounted for the vast majority of fantasy revenue generated in the state over the month, accounting for 94% of the total.The decline in revenue came despite nine licensees generating revenue in the month, up from seven in January. Two companies that were not included in the January revenue table, Fantasy Football Players Championship and Full Time Fantasy Sports, both contributed revenue in February.Fantasy Football Players Championship’s revenue of $47,744.12 saw it reappear to become the third-largest operator in the state. January’s third-placed operator Yahoo Fantasy Sports fell to fifth, with revenue plummeting 77% to $9,726.97.Full Time Fantasy Sports, meanwhile, took eighth place with revenue of $3,985.25. Just two operators posted month-on-month increases in revenue for February, with Fantasy Draft up 39% to $5,818.57 and Boom Fantasy up 152% to $2,151.45. Despite its growth, Boom Fantasy again propped up the table for the month.The state’s 15% gross revenue tax saw Pennsylvania receive $244,376.75 from regulated fantasy sports in February. This represented a 23% decline from the prior month. Email Addresslast_img read more

Japaul & Maritime Services (JAPAUL.ng) 2009 Annual Report

first_imgJapaul Gold & Ventures PLC (JAPAUL.ng) listed on the Nigerian Stock Exchange under the Energy sector has released it’s 2009 annual report.For more information about Japaul Gold & Ventures PLC (JAPAUL.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Japaul Gold & Ventures PLC (JAPAUL.ng) company page on AfricanFinancials.Document: Japaul Gold & Ventures PLC (JAPAUL.ng)  2009 annual report.Company ProfileJapaul Gold & Ventures PLC, formerly known as Japaul Oil & Maritime Services Plc is a mining and technology development business listed on the Nigerian Stock Exchange. The Company’s services include mining, dredging, offshore/vessel chartering and technology. Its mining service is engaged in solid mineral mining with interest in minerals, such as gold, tin, copper, lithium, lead, zinc and hard rock. The Company’s dredging business offers complete dredging solutions, such as reclamation, shore protection, stockpiling, breakwater construction, sweeping of access sites and slots and river crossing. The Company’s vessel chartering offers fleet of vessels, such as offshore support vessels (OSVs), anchor handling tug supply vessels (AHTS) and diving support vessels. It provides its services to the offshore oil and gas, and shipping industries. The Company’s technology services provide technology and enterprise solution services to support governmental, services and manufacturing industries.last_img read more

Mechanical Lloyd Company Limited (MLC.gh) HY2015 Interim Report

first_imgMechanical Lloyd Company Limited (MLC.gh) listed on the Ghana Stock Exchange under the Engineering sector has released it’s 2015 interim results for the half year.For more information about Mechanical Lloyd Company Limited (MLC.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Mechanical Lloyd Company Limited (MLC.gh) company page on AfricanFinancials.Document: Mechanical Lloyd Company Limited (MLC.gh)  2015 interim results for the half year.Company ProfileMechanical Lloyd Company Limited markets and distributes motor vehicles and farm machinery in Ghana. The company has the exclusive agency for BMW (cars and motorbikes), Ford and Land Rover as well as Massey Ferguson agricultural machinery and Lucas products. Mechanical Lloyd company also sells motor spares and parts and has a services department for repair and maintenance of motor vehicles and farm machinery. The company was formerly known as Technical Lloyd and changed its name to Mechanical Lloyd Company Limited in 1970. The company’s head office is in Accra, Ghana. Mechanical Lloyd Company Limited is listed on the Ghana Stock Exchangelast_img read more

International Breweries Plc (INTBRE.ng) Q12016 Interim Report

first_imgInternational Breweries Plc (INTBRE.ng) listed on the Nigerian Stock Exchange under the Beverages sector has released it’s 2016 interim results for the first quarter.For more information about International Breweries Plc (INTBRE.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the International Breweries Plc (INTBRE.ng) company page on AfricanFinancials.Document: International Breweries Plc (INTBRE.ng)  2016 interim results for the first quarter.Company ProfileInternational Breweries Plc is a brewery in Nigeria which brews, packages and markets a range of beer and non-alcoholic malt beverages. The company is known for its beer sold under the Trophy brand name and non-alcoholic malt drink sold under the Betamalt brand name, namely Trophy Lager, Trophy Black and Betamalt malt drink. Other brands packaged and marketed by International Breweries Plc include Castle Milk Stout, Castle Lager, Redds, Hero, Grand Malt and Voltic Water. The company’s head office is in Osun State, Nigeria and its distribution centres are in Ibadan, Lagos and Ilorin. International Breweries Plc is listed on the Nigerian Stock Exchangelast_img read more

Studio Press (Nigeria) Plc (STUDPR.ng) Q12017 Interim Report

first_imgStudio Press (Nigeria) Plc (STUDPR.ng) listed on the Nigerian Stock Exchange under the Printing & Publishing sector has released it’s 2017 interim results for the first quarter.For more information about Studio Press (Nigeria) Plc (STUDPR.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Studio Press (Nigeria) Plc (STUDPR.ng) company page on AfricanFinancials.Document: Studio Press (Nigeria) Plc (STUDPR.ng)  2017 interim results for the first quarter.Company ProfileStudio Press (Nigeria) Plc is a printing and manufacturing company in Nigeria involved in lithographic printing and manufacturing cartons, light packaging materials and labels. The company is produces nylon and poly wrappers using flexo printing. Studio Press Nigeria Plc is a subsidiary of Rommac Agencies Limited. The company’s head office is in Lagos, Nigeria. Studio Press (Nigeria) Plc is listed on the Nigerian Stock Exchangelast_img read more

British Red Cross sets up emergency appeal fund following Manchester Arena attack

first_imgRhys Goode, spokesperson for JustGiving, said: “Following this devastating and cowardly attack, it speaks volumes that the people of Manchester and across the UK have rallied to support the victims, their families and friends in their hour of need. This shows just how strong people’s resolve is not to be cowed in the face of terror.” 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. Substantial donations including from JustGiving boosted the Manchester Emergency Fund’s total from the outset. Another appeal for Stephen Jones on JustGiving Campaigns, set up by Graeme Seddon, has raised £31,599.Wonderful.org is also hosting an online appeal for the victims of the attack and their families. The funds raised will be distributed by charity Victim Support.A Manchester-based company has underwritten the costs of setting up the fundraising platform and guaranteed 100% of the money donated plus all the Gift Aid will go to the fund. Stripe, the company that manages card payment transactions, is waiving charges for donations.  The British Red Cross has launched an emergency appeal to support the victims of the terrorist attack in Manchester and their families.The attack on 22 May killed 22 people, including an eight-year-old girl, and injured 59 people.Manchester Emergency FundThe British Red Cross, in association with We Love MCR, the Lord Mayor of Manchester’s’ charity, have established the Manchester Emergency Fund to support the victims and their families. The appeal is hosted on JustGiving. Howard Lake | 24 May 2017 | News Pausing fundraisingThe political parties agreed to pause campaigning in the General Election following the killings. In the light of so many children’s deaths, Together For Short Lives also announced that it was pausing its Childrens Hospice Week campaign “as a mark of respect”. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis37 Tagged with: British Red Cross Emergency Fundraising Justgiving North West JustGiving itself donated £50,000 to the appeal “in condolence and support of the victims following the largest terrorist incident since 7/7 bombings”.First donations to the We Love Manchester Emergency Fund.  192 total views,  1 views today British Red Cross sets up emergency appeal fund following Manchester Arena attack Multiple appeal pages establishedShortly after the attack and its impact became clear over 150 pages were set up using JustGiving’s crowdfunding platform ‘Campaigns’ alone. One was set up at 07.53 yesterday morning by the Manchester Evening News and had raised £400,000 from over 10,000 supporters by the end of the afternoon.In 2014 the Manchester Evening News set up a successful fundraising appeal following the fire at the Manchester Dogs Home.Other appeals were also established on crowdfunding and giving sites. Appeals were set up to thank and help two homeless men who helped the victims of the attack.One, set up on GoFundMe, was set up to thank Chris Parker, who rushed into the Manchester Arena after the blast to help people. He comforted a dying woman in his arms. The appeal has raised £26,715 in 21 hours from 2,367 donors. It seems that the appeal will help him be reunited with his mother.Another appeal was set up to help Stephen Jones (‘Steve’) who was interviewed by ITV News. The appeal, created by Diane Moore, has raised £18,835 on the JustGiving Campaigns crowdfunding platform. The founders of both appeals are in touch “to sort out the best way of dealing with the money – we want Steve and Chris to have the very best opportunities for fresh starts.”  193 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis37 WATCH: BBC Newsround’s guide to explaining the attack in Manchester to childrenlast_img read more

Free animated video and landing page on offer to one charity

first_imgFree animated video and landing page on offer to one charity Howard Lake | 12 March 2019 | News  369 total views,  1 views today Showreel 2018 from Antimatter on Vimeo. In particular the studio, which is run by an international team of motion artists, designers and script writers, is looking for:an impactful story in the human development realma story about a project that produced a tangible and measurable progress in the area of action of your organisationcurrent or recently completed (in the past two years) projects.Applications are open until 30 April 2019. Advertisement Milan-based motion design studio Antimatter is again offering to create one animated video and a related landing page for one “impactful non profit, social impact or independent media project”.Entries are now open, and the winning organisation will receive “animation, design and creative coding”.The competition is open internationally, so UK-based charities can apply. Entries are invited from “all types of nonprofit organisations, social enterprises, independent media, [and] cultural and educational institutions and organisations.”center_img Tagged with: pro bono video win AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis14  370 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis14 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.last_img read more