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Sherborne ups ante in F&C pursuit

first_img whatsapp whatsapp Sherborne ups ante in F&C pursuit F&C Asset Management’s rebel shareholder Sherborne Investors stepped up its attack on the current board yesterday with a critique of its strategy.In a letter to shareholders, Sherborne said it had invested in F&C due to its persistently poor performance compared with peers and it believed investor concerns over strategy were the cause of its low valuation.F&C chairman Nick MacAndrew called the letter “a partial and flawed critique of the past” and said Sherborne had not offered an alternative strategy. Sherborne’s move escalates its bid to take control of F&C ahead of a meeting on 3 February to decide whether to replace MacAndrew and director Brian Larcombe with Sherborne representatives. “We believe that F&C’s many strengths have not been reflected in the performance of its share price,” the letter said.Sherborne, which has built up a 17.6 per cent stake in F&C since August, argued that the decisions to buy REIT Asset Management in 2008 and Thames River Capital last year saddled F&C with debt, diluted shareholders’ interests and generated income from volatile performance fees rather than steady management fee income. Sherborne also criticised F&C’s debt management, arguing that a renegotiation of debt terms in 2009 caused a dividend cut.“We believe that the company’s financial policy…has caused reductions in shareholder value that were avoidable,” it said.MacAndrew said Sherborne had “misunderstood the economics of and rationale for the acquisitions… both of which were overwhelmingly supported by shareholders.” He added Sherborne had not addressed concerns that its three proposed board members – Edward Bramson, Ian Brindle and Derham O’Neill – lacked the experience to run the firm.Numis analyst David McCann said the letter left shareholders “still none the wiser as to what Sherborne might do differently if it were to get in.TIME LINE | SHERBORNE’S STAKEBUILDING17 August:Sherborne Investors buys 5.2 per cent stake in F&C for £15m. F&C’s shares rise 23 per cent.18 August:Sherborne raises stake to 9.7 per cent to become F&C’s second-largest shareholder.20 August:Sherborne adds 0.5 per cent to its stake, taking it to 10.2 per cent or 52m shares, worth £32.9m.26 August:Sherborne increases stake to 11.3 per cent, worth £36.2m.31 August: Sherborne raises stake to 14.6 per cent16 December: Sherborne calls an extraordinary general meeting to oust F&C chairman Nick McAndrew and director Brian Larcombe and replace them with three of its choice.20 December: Sherborne cashes in further share options to raise its stake to 17 per cent.6 January: F&C appeals for shareholders to vote against Sherborne at the EGM.14 January: F&C publishes plan to restructure its operations and cut £12m costs.19 January: Sherborne sends letter to shareholders criticising F&C’s strategy; F&C rebuffs allegations.3 February:EGM and vote on board to take place. KCS-content Wednesday 19 January 2011 7:49 pm Show Comments ▼ Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBetterBe20 Stunning Female AthletesBetterBeTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldNews SharperGrab A Tissue Before You See Richard Simmons At 72News SharperDefinitionDesi 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 FarmMoneyPailBurning Money: Common Cars Rapidly DepreciatingMoneyPailNext RefinanceFishermen See Animal On Iceberg, But Then Look CloserNext Refinance Tags: NULLlast_img read more

Hornby trains slowed by snow

first_img Hornby trains slowed by snow KCS-content 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 TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp Tuesday 25 January 2011 9:09 pm Sharecenter_img MODEL train maker Hornby, which also owns Scalextric and Airfix, has warned its profits will be below forecasts after sub zero temperatures hit Christmas sales. It said that the lower-than-expected sales in the festive season meant stores were unlikely to order as much fresh stock in the next few weeks. The company expects its pre-tax profits in the year to 31 March 2011 to be below current market expectations,December’s severe weather meant fewer shoppers braving the elements, leaving retailers struggling to meet sales targets. Tags: NULL whatsapp Show Comments ▼ More From Our Partners Texas governor said he plans to strip the Legislature’s paybusinessinsider.comlast_img read more

Trichet and Merkel back euro

first_img More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Trichet and Merkel back euro Thursday 27 January 2011 8:41 pm whatsapp Share EUROZONE Central Bank (ECB) president Jean-Claude Trichet, yesterday insisted that the euro was not in crisis.Speaking at Davos’ Open Forum, a venue open to the public alongside the World Economic Forum, Trichet insisted that the ECB had a track record of success shown by the fact that average inflation during the period of its existence has been 1.9 per cent.However, he admitted that the bank had focused mainly on core countries like Germany in its policy, despite negative real interest rates in others like Ireland.Shortly before his remarks, French President Nicolas had taken the floor to launch an ardent defence of the single currency. “To those who would bet against the euro, watch out for your money because we are fully determined to defend the euro,” he said. “Mrs Merkel and I will never – do you hear me, never – let the euro fall.”His reference to an alliance with Merkel is particularly significant because together France and Germany are viewed as the only countries able to bankroll further bailouts.Policymakers are at pains to project an air of determination ahead of a European Council meeting in February, when they will unveil a raft of measures intended to rescue the euro.But in Trichet’s comments at the Open Forum, held in a packed school gym in Davos, he admitted that saving the currency will require limiting national sovereignty on spending.“It was foreseen from the beginning,” he said. “You need to have a quid pro quo if you have a single currency without a political confederation.” center_img Show Comments ▼ KCS-content 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 Tags: NULL whatsapplast_img read more

Woolwich Crossrail gets funding

first_img Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap Work on Woolwich Crossrail station is finally set to go ahead after housing developer Berkeley struck a £100m deal with Transport for London and the government. Berkeley will fund construction of the empty shell of the station with an expected completion date in 2013, though Crossrail and its partners have not yet secured funding to build the rest of the station. The agreement ends months of uncertainty for Woolwich station development, during which Berkeley said red tape was holding up the start of construction. Woolwich Crossrail gets funding whatsapp Share whatsappcenter_img Show Comments ▼ KCS-content 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 ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal 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 AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Wednesday 16 February 2011 8:17 pm Tags: NULLlast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_img CITY MOVES | WHO’S SWITCHING JOBS KCS-content Monday 21 February 2011 7:07 pm Tags: NULL More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.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.org Share Chalsys Capital PartnersChalsys Capital Partners has appointed General Sir Mike Jackson as a special adviser, effective immediately. Jackson will provide specialist advice on renewable energy investments at the investment firm focused on clean tech, green infrastructure and natural resources. Jackson served as the UK’s chief of the general staff 2003-2006 after 45 years in the British army. He is also adviser to PA Consulting and a non-executive director of ForceSelect.Barclays CorporateThe bank has moved Philip Richardson to its hospitality and leisure team from Barclays infrastructure and structured product finance team. Richardson has more than 20 years’ experience in banking.He was in charge of Barclays’ healthcare strategy in infrastructure and will now jointly lead the hospitality and leisure team alongside Mike Saul.MercerDean Cheeseman has been appointed as equity portfolio manager in Mercer’s investment management business. Based in London, he will be in charge of discretionary manager selection for equity mandates and will oversee more than $2bn of client assets.Cheeseman has 15 years’ experience in manager selection, having previously been head of fund of funds at Foreign & Colonial, where he was in charge of $1.5bn of retail assets.He has also worked as head of developed markets at Forsyth Partners and was an associate divisional director at Morgan Stanley Quilter.Merrill LynchMerrill Lynch Wealth Management has appointed Alf Monsen as a financial adviser focusing on Norwegian ultra high net worth individuals and family offices, based in the London office.He will report to Adam Horowitz and will work closely with Steen Foldberg. Previously, he worked at ABN Amro.PensionsFirstThe pensions risk management firm has hired three new assistant vice presidents: Matthew Furniss and Robert Heathcoat, who both join from Punter Southall, and Chris Hoffman, who joins from the Pension Protection Fund.Furniss will work in the client solutions group, helping clients to manage their pension risk. Hoffman and Heathcoat will be working in the firm’s professional services team. whatsapp Show Comments ▼ whatsapplast_img read more

US house price slump continues

first_img Thursday 24 February 2011 8:32 pm Tags: NULL Show Comments ▼ American house prices continued to falter in December, dropping 0.3 per cent on the previous month, the Federal Housing Finance Agency said yesterday. In the final three months of the year, prices were 0.8 per cent down, compared to the three months to September. “Lingering unemployment and elevated inventories of for-sale homes contributed to the ongoing decline of house prices,” said Edward DeMarco, acting director of the Federal Housing Finance Agency. Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky 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 Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The 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 Sharecenter_img whatsapp KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo whatsapp US house price slump continues last_img read more

Xstrata board change clears Glencore path

first_img whatsapp Monday 7 March 2011 9:26 pm KCS-content whatsapp More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida 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.com MINING group Xstrata has sought to put clear water between its board and commodity trader Glencore’s by choosing banking veteran Sir John Bond as its next chairman, though the miner has hinted that its long-term future is in a merger between the two firms. Sir John will take the job in May when sitting chairman Willy Strothotte, who has also chaired Glencore since 1994, leaves the role. Xstrata has surprised some investors by choosing a successor before Glencore, which owns a 34 per cent stake in Xstrata, publicly announces its much talked about initial public offering. It was expected that Strothotte would then step down from Xstrata under UK corporate governance rules requiring an independent board. Analysts at JP Morgan Cazenove said replacing Strothotte with an independent chairman clears a conflict of interest ahead of Glencore’s float. But the move could also be viewed as a precursor to a merger between Xstrata and Glencore even if the latter decides to go public. Xstrata chief executive Mick Davis told analysts last month it was “unsustainable in the longer term” for both Xstrata and Glencore to trade as public companies, according to an analyst note from HSBC released yesterday. There have previously been reports that Davis would chair a combined company if Glencore did move to merge, leaving both Strothotte and Bond out of the chairmanship. KCS-content MINING group Xstrata has sought to put clear water between its board and commodity trader Glencore’s by choosing banking veteran Sir John Bond as its next chairman, though the miner has hinted that its long-term future is in a merger between the two firms. Sir John will take the job in May when sitting chairman Willy Strothotte, who has also chaired Glencore since 1994, leaves the role. Xstrata has surprised some investors by choosing a successor before Glencore, which owns a 34 per cent stake in Xstrata, publicly announces its much talked about initial public offering. It was expected that Strothotte would then step down from Xstrata under UK corporate governance rules requiring an independent board. Analysts at JP Morgan Cazenove said replacing Strothotte with an independent chairman clears a conflict of interest ahead of Glencore’s float. But the move could also be viewed as a precursor to a merger between Xstrata and Glencore even if the latter decides to go public. Xstrata chief executive Mick Davis told analysts last month it was “unsustainable in the longer term” for both Xstrata and Glencore to trade as public companies, according to an analyst note from HSBC released yesterday. There have previously been reports that Davis would chair a combined company if Glencore did move to merge, leaving both Strothotte and Bond out of the chairmanship. Tags: NULL,Monday 7 March 2011 9:26 pm Show Comments ▼ Share Tags: NULL whatsapp Xstrata board change clears Glencore path Xstrata board change clears Glencore path Share whatsapplast_img read more

Facebook may hire Obama aide

first_img Facebook may hire Obama aide Tags: NULL whatsapp Show Comments ▼ Social networking giant Facebook is understood to be in talks to hire former White House press secretary Robert Gibbs for a senior post. Gibbs, once one of President Barack Obama’s closest aides, could be drafted in to help manage communications in advance of an initial public offering (IPO) planned for early next year. It is though Gibbs, who left his White House job last month after a two-year stint, had planned to help establish Obama’s 2012 re-election campaign before moving to the private sector. 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 TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com KCS-content center_img whatsapp Monday 28 March 2011 7:37 pm More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Sharelast_img read more

French inflation climbs upwards

first_img whatsapp French inflation climbs upwards Wednesday 13 April 2011 7:55 pm Inflation in France climbed to a 32-month high of 2.2 per cent in March, according to the harmonised index of consumer prices (HICP). The HICP was up 0.9 per cent from February due to strong price increases in clothing (eight per cent), energy (2.4 per cent) and food (0.9 per cent), the national statistics institute INSEE said yesterday. Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgcenter_img KCS-content 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 AdsMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 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 Herald Show Comments ▼ whatsapp Tags: NULLlast_img read more

Gibraltar a ‘natural step’ for Scientific’s sportsbook team

first_img Tags: Online Gambling OTB and Betting Shops Gibraltar a ‘natural step’ for Scientific’s sportsbook team Scientific Games has said that placing a new sportsbook operations team in Gibraltar represents a “natural step” for the company as it seeks to expand across the global sports betting market.The SG Digital arm of Scientific will manage the operation, which will directly support customers with operations services to help grow their sportsbook businesses.SG Digital can manage an entire sportsbook operation for multiple customers across online, mobile and retail.Stuart Weston has been appointed as vice-president of sportsbook operations for SG Digital and will head up the operation. He most recently served as managing director for Superbet and was previously sportsbook product director at William Hill.Keith O’Loughlin, senior vice-president of sportsbook for SG Digital, said the new operation in Gibraltar means that the company is able to support customers “like never before”.“Given the massive opportunity in the US and the continued success of existing markets, the addition of sportsbook operations is a natural step up for our business,” O’Loughlin said.“The team will work directly with our partners to operate and run their sportsbooks, ramping up the value of sports betting for everyone involved. It’s a new ball game, and our partners have asked to tap into our vast knowledge to help with day-to-day sportsbook operations.“Now, we’re completely equipped to offer that capability and support customers in growing their business like never before.”Scientific has been active in the post-PASPA era in the US, striking deals in a number of states and securing early momentum in the regulated sports betting sector.Last month, Scientific went live with Caesars in Mississippi following a successful launch in New Jersey in July.The company recently rolled out virtual sports in Pennsylvania while the state finalises its sports betting regulations and also signed a deal with the Delaware Lottery.Image: RedCoat AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter New team will support customers directly with sportsbook operations 14th September 2018 | By contenteditor Topics: Casino & games Sports betting Strategy Tech & innovation Bingo Bingo Subscribe to the iGaming newsletter Email Address Regions: Europe Southern Europe Gibraltarlast_img read more