first_imgTuesday 25 January 2011 7:20 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHealthyTed Health Magazine10 Surprising Benefits of Bananas You Possibly Didn’t Know AboutHealthyTed Health MagazineAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmForge of Empires – Free Online GameIf You Like to Play, this City-Building Game is a Must-Have. No Install.Forge of Empires – Free Online GameElvenarIf You Need to Kill Time on Your Computer, this Fantasy Game is a Must-Have. No Install.ElvenarAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search AdsPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search AdsHero WarsBig Boss of internet games!Hero Wars KCS-content BEST OF THE BROKERS whatsapp whatsapp Tags: NULLcenter_img Share Show Comments ▼ ABERDEEN ASSET MANAGEMENTMorgan Stanley rates the fund manager “overweight” and has lifted its target price to 260p. The broker has also raised its earnings per share forecast by four per cent on higher margin equity inflows, and views the shares as attractive due to strong global equity reach and reduced drag from fixed income.BURFORD CAPITALEspirito Santo rates the dispute financier “buy” with a target price of 137p. While the broker was surprised by the departure of the Burford’s chairman, it believes the firm has an advantage over others thanks to its $200m cash pile. It expects an average return on investment of 27 per cent, providing the firm continues to invest.GREENE KINGNumis rates the leisure group “add” with a target price of 525p. The broker expects the firm to report in-line or above-forecast sales on Monday, building on a 17 per cent rise in pre-tax profit in the first half of the financial year. Numis predicts a pre-tax profit of £136m for 2011, which is slightly below consensus estimates. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Prooflast_img read more

first_img whatsapp Tags: NULL KCS-content Show Comments ▼ 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?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeDefinitionDesi 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 Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Sharecenter_img whatsapp Tuesday 25 January 2011 8:57 pm GLOBAL unemployment will be at the top of the agenda at Davos this year, with one official of the World Economic Forum warning that the biggest danger for 2011 is the possibility of a “jobless recovery”.The warning comes as the International Labour Organisation (ILO), a UN body, announced yesterday that worldwide unemployment has stayed stubbornly high at 205m during 2010. The ILO also forecast that the number will fall by less than one per cent during 2011. The figure means that there are now 27.6m more people without jobs than in 2007 before the crisis hit.Delegates at Davos will discuss the threat of ongoing joblessness this morning at an event entitled: “The West isn’t working”, held by Manpower, an employment consultancy and main sponsor of the WEF.Jeffrey Joerres, chairman and chief executive of Manpower, will blame western educational systems for not being “aligned with the needs of the world of work”.“Industry and educational institutions must work together more constructively and governments need to target funding in the right areas,” he says. “Companies, governments and educators all have a responsibility to get this right.”World leaders are particularly nervous that stubborn unemployment could combine with skyrocketing commodity prices to create conditions ripe for widespread civil unrest. President Barack Obama has come under heavy fire ahead of his first State of the Union address for failing to boost job creation: US unemployment currently stands at 9.4 per cent.Europe is in even worse straits. And the economist Nouriel Roubini, who is due to speak at a CNBC breakfast in Davos this morning, has warned that the UK in particular has a “whiff of stagflation” about it, saying it is “already double dipping while inflation is rising.” Youth unemployment in the UK is already on a par with general unemployment in Spain, with both now at 20 per cent. Davos leaders fear surge in unemployed More From Our Partners Texas governor said he plans to strip the Legislature’s paybusinessinsider.comlast_img read more

first_imgSunday 30 January 2011 10:36 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA 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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.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.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com whatsapp Show Comments ▼ HAYLEY TAM | CITI“Whatever happens, it is likely to cause continued disruption to ongoing operations. If Sherborne loses the vote it will create a share overhang of about 17 per cent, which will need to be disposed of – but it will allow existing management to continue to run the company with minimum disruption. If F&C management loses, it will enter a new period of uncertainty that may or may not lead to longer-term value creation.”DAVID MCCANN | NUMIS“Regardless of who wins the vote, it is hard to see any short-term share price upside, but very easy to see significant short-term downside risk. If Sherborne loses, the share price could fall 30 to 44 per cent, as Sherborne, Aviva and other supporters’ stakes become stock overhangs. If Sherborne wins, we expect Millennium BCP to withdraw its assets under management and an 11 per cent stock overhang from Eureko.”SARAH ING | SINGER CAPITAL“Short of breaking the firm up to sell off low-margin businesses, it isn’t clear what F&C should do differently to address the current issues. Incumbent management has tried to invest in high margin businesses and isn’t to blame for F&C’s low valuation, which is largely a result of legacy issues, such as lack of organic growth in its funds due to ongoing insurance outflows and a lot of lower margin institutional business. F&C has also lost large chunks of assets over recent years.” KCS-content Share ANALYST VIEWS: WHAT IS THE LIKELY OUTCOME FOR F&C? whatsapp Tags: NULLlast_img read more

first_img Tags: NULL KCS-content whatsapp More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Maersk says 2011 profit will be lower Share DENMARK’S AP Moller-Maersk said it will not repeat last year’s record earnings in 2011 due to expected lower oil output combined with uncertainty about freight rates and oil prices.The shipping and oil group beat 2010 forecasts on the back of a container shipping recovery and higher oil prices, swinging from its worst result in 2009, when the global economic crisis hit trade and shipping, to its best result ever.Maersk, which owns the world’s biggest container shipping company Maersk Line and produces oil and gas mainly in the North Sea and Qatar, posted a net profit of $5.01bn (£3.09bn) for 2010 against a loss of $1bn a year earlier. “Things look better going into 2011 than a year ago, but our share of oil production will be lower and we still see some uncertainty about the oil price and where container rates will end up,” said chief executive Nils Smedegaard Andersen. Wednesday 23 February 2011 8:48 pm whatsapp Show Comments ▼last_img read more

first_img Share DAVID Cameron and Obama last night vowed to finally bring an end to dictator Colonel Muammar Gaddafi’s 41-year regime in Libya. In a statement, after the Prime Minister spoke to the US?President, Downing Street said that it “had agreed to work together closely on the swift evacuation of nationals and co-ordinate on possible multilateral measures on Libya.” Foreign secretary William Hague is understood to have told the Libyan regime directly that Gaddafi should go.The Swiss government froze all the colonel’s assets held in the country yesterday and the White House said that a no-fly zone was being seriously considered to stop air strikes against Libyans. But Gaddafi yesterday remained opposed to any concessions and in a rambling 30-minute speech on state television blamed Osama bin Laden and teenagers on drugs for the violence even as protesters closed in on the capital Tripoli.At the same time, forces loyal to Gaddafi continued brutal counter-attacks against rebels holding towns near the capital and moved into defensive positions on the roads in and out of Tripoli. Anti-Gaddafi factions had taken control of the majority of Libya by nightfall with only the capital and outposts in the south and central regions still apparently under the leader’s control. Cameron in bid to end Libya chaos Show Comments ▼ whatsapp 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 KCS-content center_img More From Our Partners Russell 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.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Thursday 24 February 2011 9:09 pm whatsapp Tags: NULLlast_img read more

first_imgTuesday 22 March 2011 9:35 pm Show Comments ▼ KCS-content whatsapp Sharecenter_img whatsapp FINANCIAL TIMESHSBC PROPOSES PAY SHAKE-UPHSBC is sounding out its shareholders on a proposed shake-up of its executive pay plans, which could see its top bankers unable to sell their stock until retirement. Driven by John Thornton, chairman of the bank’s remuneration committee and a former Goldman Sachs executive, the plans would see top management assessed on a wider range of performance metrics, with an emphasis on the longer term. The changes, which also include a cut in the maximum amounts awarded, would see potential remuneration for Stuart Gulliver, the bank’s new chief executive, capped at £12.5m, compared with £15m currently.ITALY OUT TO CURB FOREIGN TAKEOVERSItaly’s cabinet will today hold talks about adopting a French-style approach to thwarting unwanted foreign takeovers in sectors deemed strategically important such as energy, telecoms, technology, defence and food. The move comes amid a populist backlash against French buy-outs of Italian companies after jeweller Bulgari, energy group Edison and food group Parmalat were wholly or partially taken over by French companies.JCB TO EXPAND CAPACITY IN BRAZIL AND INDIABooming demand for earthmovers and excavators in emerging markets helped JCB raise revenues nearly 50 per cent last year and has prompted plans for an expansion of manufacturing capacity in Brazil and India.BAIDU LOOKS AT MOBILE SOFTWAREBaidu plans to develop a light operating system for mobile devices, its chief executive has indicated, a strategy with which the Chinese internet search company would follow Google.THE TIMESBBC COULD CLOSE TV CHANNEL AT NIGHT IN EFFORT TO MAKE 20PC CUTS The BBC is considering swingeing cuts to late-night programming on BBC One or BBC Two, which could lead to one of the channels going off air overnight, the corporation’s Director-General warned yesterday.Mark Thompson said that television programmes aired between 10.35pm and 6am, when many potential viewers are asleep, cost the broadcaster more than £150m a year to produce.£17,800 PAYOUTS FOR KEYDATA SCANDAL VICTIMSNorwich & Peterborough Building Society crashed into the red yesterday after promising to pay £57m to victims of the Keydata scandal. The society said that it would compensate 3,200 of its customers persuaded to invest in bonds in Keydata Investment Services, which collapsed.The Daily TelegraphWIKILEAKS: QATAR ASKED SHELL AND EXXONMOBIL FOR DONATIONSQatar wrote to major international oil companies, including Royal Dutch Shell and ExxonMobil, to demand up to $1.7bn (£1bn) in donations for a medical centre, according to leaked diplomatic cables. According to the Wikileaks documents, letters signed by Abdullah al-Attiyah, the deputy prime minister, told Shell and ExxonMobil how much they were expected to donate. CROWN CURRENCY INVESTIGATORS RAID FRENCH PROPERTIES AND MAKE NEW ARRESTPolice investigating the collapse of currency exchange group Crown Currency have raided properties in France connected to its founder Peter Benstead. Crown Currency went into administration last year owing £16m to thousands of customers.THE WALL STREET JOURNALGOODYEAR TO GENERATE $1.6 BILLION OPERATING INCOMEGoodyear Tire & Rubber Co. expects its world-wide business units to generate a record operating profit in 2013 even as the Akron, Ohio, tire maker invests billions in its production plants and adds to pension reserves. Goodyear’s business units will achieve an operating income of $1.6bn in 2013 with about $450m coming from its core North America operations, the company said yesterday. DOLCE & GABBANA EXPANDING IN CHINAItalian fashion brand Dolce & Gabbana unveiled plans for 15 new stores across China in an effort to boost business in the world’s fastest-growing luxury-goods market. The company currently operates 26 stores in China, including Hong Kong. WHAT THE OTHER PAPERS SAY THIS MORNING Tags: NULLlast_img read more

first_img Share S&P cuts Portugal credit rating to just above junk Tags: NULL 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 whatsapp alison.lock whatsapp Show Comments ▼ Standard & Poor’s has cut its credit rating on Portugal by one notch to just above junk status, its second downgrade in less than a week.S&P cited the prospects of unsecured government debt being subordinated to future loans from the European Stability Mechanism fund, which it said Portugal was likely to resort to.“Given Portugal’s weakened capital market access and its likely considerable external financing needs in the next few years, it is our view that Portugal will likely access the EFSF (the current euro rescue fund) and thereafter the ESM,” the agency said.S&P’s BBB-minus rating, the lowest investment grade, is now far below Moody’s A3 and Fitch Ratings’ A-minus.After last Thursday’s two-notch downgrade, the agency warned it was likely to cut Portugal further, and analysts say the cut was mostly priced in. Still, bond yields, already at euro lifetime highs, rose further after the move, hitting 8.18 per cent for the benchmark ten-year maturity.S&P removed Portugal from its creditwatch negative list, but kept a negative outlook on the country, which means a new downgrade is possible within months.“The negative outlook reflects our view that the macroeconomic environment could weaken beyond our current expectations and that a political impasse could undermine the effective implementation of Portugal’s adjustment program, leading to non-negligible policy slippages,” it said. Tuesday 29 March 2011 10:38 amlast_img read more

first_imgMonday 4 April 2011 8:23 pm Tags: NULL 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 CarsDrivepediaZen 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 SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Show Comments ▼ whatsapp SHARES in software group Alterian lost almost a fifth of their value yesterday after it compounded a profit warning with the loss of its founder chief executive.Alterian, which makes marketing software for governments and big companies, said a delay to a £4m contract renewal would cut ten per cent off its full-year revenues and profits.David Eldridge, who has led Alterian since founding it 14 years ago, resigned to take responsibility for the “disappointing” results leaving the company in further turmoil as it began the search for a replacement.“The results for the year will be disappointing, principally as a result of the deferral of a major expected contract renewal and extension,” he said. “I take my responsibilities seriously and am stepping down from my role as the chief executive of Alterian.”There is no immediate candidate to succeed Eldridge as new chief financial officer Guy Millward is not keen to step up, but non-executive director Iain Johnston is to become deputy chairman until a successor is found.Analysts said a sale of the company would be likely with Eldridge no longer at the helm, but this may not benefit shareholders in the firm.The contract renewal was expected to be signed before 31 March but due to “substantial management changes” at the client it could not sign before Alterian’s financial year ended. Alterian said it “considers that it is likely that the contract renewal and extension will be agreed”. Contract delays are a frequent cause of profit warnings for technology firms and others such as Micro Focus and Pace have announced similar deferrals already this year. Alterian’s shares closed down 18.9 per cent at 154p yesterday. Alterian loses founder after contract miss center_img KCS-content whatsapp Share 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 last_img read more

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.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 John Dunne whatsapp Sports Direct profit up Sports Direct, the sportswear retailer controlled by the millionaire owner of Newcastle United, posted higher sales and profit on Thursday helped by growth in its core UK business.Total group sales for the nine weeks ending 27 March rose 10.3 per cent to £236m, while gross profit increased by 7.3 percent to 88 million pounds.Sports Direct added it expected to meet its target for reaching full year underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of at least £205m.“We are pleased with the progress made by the group and these results continue to highlight the strength of our Retail division and the drive from our investment in margin and advertising,” Chief Executive Dave Forsey said in a statement.Sports Direct also said it intended to extend a company bonus share scheme.Newcastle United owner Mike Ashley established the Sports Direct business after he left school in 1982. Ashley still controls a majority shareholding in the company. center_img whatsapp Show Comments ▼ Share Thursday 21 April 2011 2:46 am Tags: NULLlast_img read more

first_img2nd October 2018 | By contenteditor LeoVegas to tackle industry inequality with ‘LeoRegulus’ Topics: People Strategy LeoVegas has launched a new initiative with the aim of fixing the “imbalance” of gender representation in the technology sector and inspiring more women to pursue a career in the market. ‘LeoRegulus’ comprises a dedicated traineeship programme and award scheme, both designed to offer opportunities to women and organisations in technology. The LeoRegulus Global Traineeship Programme is a 12-month project that places the individual in the company’s ‘Libero’ team, where they will work across all of its product teams. Trainees will be based at the LeoVegas site in Stockholm, Sweden, but will have the opportunity to travel to its other offices around Europe. LeoVegas said at the end of the 12 months, it is “likely” the trainee will be offered full-time employment on a product team of their choice. The LeoRegulus Tech Award will build on this by pledging to grant SEK100,000 (£8,600/€9,700/$11,200) to “an initiative, organisation, or person promoting an increased interest in and awareness of tech/AI among women”. Speaking to iGamingBusiness.com about the project, Gustaf Hagman (pictured), group chief executive of LeoVegas, said that the industry is “missing out on a lot of potential, crucial perspectives and talent” and called for change. “It is something that needs a change when the technology sector in Sweden is booming at the same time as the workforce only consist of 25% women,” he said.“The main goal is of course to inspire more women to pursue a career in tech, both through the difference the Tech Award can make and the career possibilities that the Traineeship Program offers. “At the same time we’re aware that this is only one initiative and many more are needed to make a real difference, therefore we hope that this initiative will motivate more actors in the industry to contribute and do more.” Hagman also urged other companies to take action over the current situation and do more to attract women to technology roles. He said: “Just like any other business in the technology sector we value competence over all other factors, therefore, the imbalance between men and women in the sector is so problematic. “When 50% of the population consists of women but only a fraction is considering the tech industry as a future workplace, we lose a lot of skills and important perspectives that are crucial for the construction of future technology. “Therefore more actors need to acknowledge the problem and do more to help fix this imbalance.” Operator is keen to inspire more women to pursue a career in technology Subscribe to the iGaming newslettercenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Mobile Online Gambling People Email Addresslast_img read more