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Domestic M&A deal value reaches decade high in 2018 despite Brexit uncertainty

first_img More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPuffer fish snaps a selfie with lucky divernypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Tuesday 5 March 2019 12:53 pm whatsapp Jessica Clark Domestic merger and acquisition (M&A) value hit a ten-year high in 2018 despite Brexit uncertainty, according to the latest data.Acquisitions of UK companies by other UK firms rose from £18.8bn in 2017 to £26.5bn last year, the highest value since deals reached £36.5bn in 2008, research from the Office for National Statistics (ONS) found. whatsapp Share Read more: Leaked information on M&A deals leads to higher valuationsThe value of takeovers of UK companies by foreign firms last year was £71.1bn, compared to £35.2bn in 2017 driven by Comcast’s £30bn acquisition of Sky which accounted for more than two-fifths of inward acquisitions.Outward M&A deal value – when a British company acquires a firm based outside of the UK – fell from £77.5bn in 2017 to £22.7bn last year as no “mega deals” were completed in 2018.Read more: Autotech M&A deal value falls to five-year low in second half of 2018Rob Donaldson, head of corporate finance at RSM, said: ‘Despite all the Brexit uncertainty, the UK M&A market has had a pretty good year, driven in part by high domestic demand as well as continued interest from overseas buyers.’Favourable exchange rates have made UK assets very attractive to overseas buyers. We have also seen sustained interest from the private equity market, keen to make decent returns in a low interest rate environment.” Domestic M&A deal value reaches decade high in 2018 despite Brexit uncertainty Tags: Brexit Company Private equity Skylast_img read more

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Ladbrokes owner CEO to leave after just seven months for DAZN

first_img Tags: DAZN Ladbrokes Last week Entain made a £250m takeover bid for Swedish rival Enlabs after rejecting MGM’s approach days before. Millie Turner “This changes nothing with respect to the board’s view of the recent proposal from MGM Resorts International to acquire Entain. The board remains unanimous in our view that the proposal significantly undervalues the Company and its prospects.” Segev said, “I have been offered a role which offers me a very different type of opportunity. Monday 11 January 2021 10:18 am The global sports-betting group, formerly known as GVC, said its process to find a successor is already under way. The Ladbrokes owner has been on a hunt for acquisitions lately. Segev will exit after a six-month notice period to join sports streaming platform DAZN as Co-CEO, only days after Entain rejected an £8bn approach from MGM. Show Comments ▼ Ladbrokes owner Entain this morning said its chief executive Shay Segev will leave after just seven months in the position. center_img “I also want to emphasise that the recent interest from MGM Resorts has had absolutely no bearing on my decision, and I fully support the board’s decision to reject their proposal.” More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.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.orgWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Share Ladbrokes owner CEO to leave after just seven months for DAZN by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionThe Legacy ReportMan Who Predicted 2020 Crash 45 Days Early Issues Next Major WarningThe Legacy ReportMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailQuizscape8 Out Of 10 Men Fails This Car Engine Quiz. Can You Pass It?QuizscapeAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For Seniors whatsapp The Ladbrokes owner has been on a hunt for acquisitions lately. Also Read: Ladbrokes owner CEO to leave after just seven months for DAZN whatsapp The Ladbrokes owner has been on a hunt for acquisitions lately. Also Read: Ladbrokes owner CEO to leave after just seven months for DAZN Chairman of Entain Barry Gibson said, “We are sorry that Shay has decided to leave us but recognise that we cannot match the rewards that he has been promised.last_img read more

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The Funding Network: Welcome to the Dragon’s Den of charity

first_imgThis philanthropic gameshow comes with a serious message for the thousands of people it helps.‘Linda 100”, “Michael 200”, “Fred 500”, the shouts echo across the room as more and more people put their hands in the air. As the cries die down, the pledge leader urges them on: “Was that another hand at the back?”, “Wouldn’t you like to even out that number?”. A women in the corner dutifully logs each amount and a bar chart on the screen moves slowly upwards indicating the amount donated. This is crowd funding charity style. I’m in the heart of the City in the glass tower of Macquarie Bank’s European headquarters, which has provided the space for The Funding Network’s (TFN) festive funding event. Dubbed a “Dragon’s Den” for charities, TFN events mimic the style of the TV show with four charities given six minutes each to make a pitch for how much money they need and what they intend to use it for. After each pitch the audience has six minutes to ask questions. Once all the pitches are complete, the charities leave the room and the pledging session begins one charity at a time with people shouting out their names and the amount they want to give. This is TFN’s last session of the year in London and like most Christmas knees-up, the booze is flowing, there are plenty of canapes and the mood is jovial. But there’s a serious backdrop. We hear about primary school children from deprived backgrounds down the road in Islington who start school barely able to communicate; South African girls more likely to be raped than finish their schooling; traumatic lives where substance abuse has become the only healer and young offenders who end up back in prison within two years of their release. To pull at the heart strings even further, some of the charities bring human props. Nine-year old Emily tells us how the philosophy for children course provided by charity SAPERE means “you can express yourself”. And Sharon explains how a 12 week course from the Foundation for Change charity meant that at 51 she was able to move from life-long addiction to employment and “becoming a decent parent”. Sitting here, sipping wine in the smart surroundings of the bank, it’s impossible not to feel ridiculously spoilt and wealthy in comparison. And that is TFN’s point that you don’t have to be mega-rich in the style of Bill Gates to give, that even on a normal salary you can afford to make a difference. For most of the people at this session this, plus the fact they know exactly what their money will be spent on, is the attraction. Most of the donations are at least £100, but there are some £50s and TFN also holds youth events where giving starts at £10. It may seem a very public way to show your support, but London art dealer Fred Mulder, who founded TFN, says it’s effective because its members feel responsible. “By inviting organisations to come and present to us, by raising the questions we think are important, we also take responsibility for the outcome of our meetings, and I think this makes us more generous,” he says. The numbers suggest he’s right. On the night the group raised £45,267, excluding giftaid, taking the total raised by the 205 auction style events since TFN’s 2002 inception to over £7m.  TFN member Sanjay Joshi, a strategy consultant in London, admits that while he came with a budget in mind, he often spends over that. “My day job has some relevance to people’s lives but it’s not where real social change is happening, that’s here. Without this sort of structure there is no impetus to give away £100,” he says. The evening ends with a performance from Streetwise Opera, a charity that uses music to help homeless people make positive changes in their lives, which received help from TFN in 2006. As their members force us to stand up, hold hands and join in, it’s a raucous feel good finish to an emotional evening. “I feel powerless in so many areas of what’s going on in the world, but I come here and I know I can make a difference,” says TFN chair Michael Maynard. For the full World Charity Index 2014 list take a look at our interactive graphic   Thursday 18 December 2014 1:43 am whatsapp Share Tags: World Charity Index 2014 More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Show Comments ▼ The Funding Network: Welcome to the Dragon’s Den of charity whatsapp Express KCS last_img read more

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first_img [email protected] What is it? By Ed Silverman Aug. 16, 2019 Reprints Pharmalot Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED Ed Silverman STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Paul J. Richards/AFP/Getty Images Log In | Learn More center_img Medicare could have saved billions if older generics were prescribed, study finds What’s included? About the Author Reprints GET STARTED Medicare and its beneficiaries could have saved an estimated $17.7 billion earlier this decade on generic versions of older medicines instead of paying for newer, chemically similar but more expensive brand-name drugs that companies launched to replace those older pills, according to a new analysis in the Annals of Internal Medicine.For example, Medicare spent $13.4 billion on the Nexium acid reflux pill between 2011 and 2017, but could have saved $12.7 billion if, instead, prescriptions were written for generic copies of the older version of the drug called Prilosec. Similarly, Medicare beneficiaries spent more than $832 million on Nexium between 2011 and 2015, but could have $690 million if prescribed a generic version of Prilosec. Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. @Pharmalot Tags drug pricingMedicarepharmaceuticalsSTAT+last_img read more

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first_img Facebook By Alan Hartnett – 17th June 2018 Facebook Twitter Remember The Game: Kyle’s bench to the fore as they claimed 2009 Division 4 title Twitter RELATED ARTICLESMORE FROM AUTHOR Roghan Headen, Timahoe goes airborne above Barry O’Grady, Kyle with Eamon Fletcher wondering whether to balance them or not in the ACHL D 4 final at Abbeyleix.Picture: Alf Harvey. Kyle 0-10 Timahoe 0-9ACHL Division 4 Hurling Final 2009This time nine years ago, Kyle and Timahoe battled it out in an epic Division 4 hurling final in Abbeyleix.In the end, it was Kyle’s superior firepower from the bench that won out on the day as Darren Gillmartin and Tony Fitzpatrick were introduced and scored what proved to be the winning scores.Damien O’Connor is currently preparing to face Dublin in the Leinster football final but this time nine years ago he was scoring the first point of this contest for Timahoe.But the men in red did not score for another twenty minutes as Kyle opened up a four point lead thanks to five consecutive points from the outstanding Gearoid Walsh.But Timahoe then came back to life. Robbie Foyle almost had a goal but his effort crashed back off the crossbar and this piece of bad luck actually spurred them on.Pascal Foyle, Martin Bergin and Padraig Kelly all pointed before a late Robbie Doyle 65 left us level at the break – 0-5 apiece. Home Sport GAA Remember The Game: Kyle’s bench to the fore as they claimed 2009… SportGAAHurling Pinterest Rugby Kyle sub Darren Gillmartin put them back in front on the resumption of play but two Robbie Foyle frees swung things back Timahoe’s way.Gillmartin replied for Kyle again but Robbie Foyle’s free left Timahoe one clear as we headed for the final quarter.But Kyle finished strong. Two points from Gearoid Walsh regained the lead before sub Tony Fitzpatrick fired over a crucial score to leave two between them with just minutes to play.Timahoe made them sweat with an injury time free from Robbie Foyle but time ran out and Kyle hung on.SCORERS – Kyle: Gearoid Walsh 0-7 ( two frees, one 65), Darren Gillmartin 0-2, Tony Fitzpatrick 0-1 Timahoe: Robbie Foyle 0-5 (three frees, one 65), Pascal Foyle, Damien O’Connor and Padraig Kelly 0-1 eachKyle: Mark Teehan; Ray Clarke, Barry Grady, Eamonn Fletcher; Luke Maher, Adrian Kelly, Aidan Moloney; Michael Maher, Niall O’Lone; Conor Hennessy, Michael Gillmartin, Eoin Quinlan; Brendan Bergin, Alan Kavanagh, Gearoid Walsh. Subs: Darren Gillmartin, Tony Fitzpatrick, Dermot Maher, Mark DelaneyTimahoe: John Langton; Richie Oxley, John Lowry, Martin O’Connor; Joe Foyle, Liam McEvoy, Willie Mangan; Colm McEvoy, David McEvoy; Evan O’Connor, Pascal Foyle, Damien O’Connor; Robbie Foyle, Roghan Haedon, Padraig Kelly. Subs: Martin Bergin, Ruairi O’ConnorMichael Maher brings down this ball for Kyle against Timahoe in the ACHL D 4 final at Abbeyleix.Picture: Alf Harvey.Willie Magan, Timahoe uses his football skills against Kyle in the ACHL D 4 final at Abbeyleix.Picture: Alf Harvey.Luke Maher, Kyle clashes for this ball with Evan O’Connor, Timahoe in the ACHL D 4 final at Abbeyleix.Picture: Alf Harvey.Kyle celebrate after defeating Timahoe in the ACHL D 4 final at Abbeyleix.Picture: Alf Harvey.Kyle celebrate after wiinning the ACHL D 4 final at Abbeyleix.Picture: Alf Harvey.Kyle celebrate after wiinning the ACHL D 4 final at Abbeyleix.Picture: Alf Harvey.Roghan Headen, Timahoe goes airborne above Barry O’Grady, Kyle with Eamon Fletcher wondering whether to balance them or not in the ACHL D 4 final at Abbeyleix.Picture: Alf Harvey.Referee Michael Ward calms things down between Kyle and Timahoe in the ACHL D 4 final at Abbeyleix.Picture: Alf Harvey.The Kyle sideline urge their side on in the closing moments against Timahoe in the ACHL D 4 final at Abbeyleix.Picture: Alf Harvey.Willie Stackpoole presents the trophy to Kyle captain Adrian Kelly after wiinning the ACHL D 4 final at Abbeyleix.Picture: Alf Harvey.Kyle celebrate after wiinning the ACHL D 4 final at Abbeyleix.Picture: Alf Harvey.SEE ALSO – Details announced for big new music and comedy event in Laoiscenter_img Pinterest Ten Laois based players named on Leinster rugby U-18 girls squad TAGSRemember the Game WhatsApp Community WhatsApp Five Laois monuments to receive almost €200,000 in government funding Previous articleProperty Watch: Houses priced around €300,000Next articleLIVE BLOG: Follow the action from Wexford as Laois Ladies bid for Leinster final place Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Community last_img read more

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first_img News Gardai launch investigation after Laois woman in mid-40s dies in Tullamore hostel tragedy Previous articleBREAKING: 18 more deaths reported from Coronavirus in IrelandNext articleCoronavirus Daily Noticeboard – Monday, April 27, 2020 LaoisToday Reporter TAGSGardaiTullamore RELATED ARTICLESMORE FROM AUTHOR Home News Gardai launch investigation after Laois woman in mid-40s dies in Tullamore hostel… News By LaoisToday Reporter – 27th April 2020 Facebook Gardai have began an investigation following the unexplained deaths of two women in Tullamore in Offaly.One of the two women who sadly passed away is believed to be from Portlaoise.On Sunday, Gardaí were called to a hostel in Tullamore town, where a 44-year-old woman was discovered in an unresponsive state.She was pronounced dead at the scene a short time later. Her body was removed to Tullamore Hospital for a post-mortem examination.While this morning, at the same location emergency services were called to treat a woman in aged her late teens.She was pronounced dead at the scene a short time later and her body has since been removed to the mortuary at Tullamore Hospital where a post-mortem examination will be carried out.While at the hostel, a 23-year-old man became unresponsive and was removed by ambulance to Tullamore Hospital.His condition is understood to be critical and he is also believed to be from Portlaoise.A second man, who is 32, was also taken to Hospital for treatment, his condition is not thought to be life threatening.Gardaí are liaising with the HSE and CADS, a local community alcohol and drugs support group, in relation to the case.Gardai say: “The deaths are not thought to be Covid related and Gardaí are awaiting post-mortem and toxicology results to determine the course of a their enquiries. The local Coroner has been notified.“Investigations are ongoing.”SEE ALSO – 18 more deaths reported from Coronavirus in Ireland Twitter Twitter Electric Picnic Pinterest Pinterest Electric Picnic Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role WhatsApp Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival WhatsApp Facebook Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

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Freedom 55 partners with CFL Players’ Association

first_img RBC DS aims to recruit more women advisors Jeff Keeping, CFLPA president, says players have already developed strong character traits, networks and life skills during their sporting careers, which would be relevant in any future advisory practices. Anne-Marie Vettorel Firms ramp up recruiting push Canaccord continues to grow advisor roster Related news Share this article and your comments with peers on social media Canadian football and football helmet rizal999/123RF Freedom 55 Financial, a division of London, Ont.-based London Life Insurance Company, will be partnering with the Canadian Football League Players’ Association (CFLPA) to offer job-shadowing and potential career opportunities to retired players, the financial services firm announced Tuesday.“At Freedom 55 Financial, we welcome the opportunity to help retired players begin a new career in the financial services industry,” Jeff Macoun, president and chief operating officer, Canada, says in a statement. “For those who are interested in this field, this partnership offers a straight-forward and informative way of pursuing their interests. Add to that the top-notch training and development available through this partnership and I know these individuals will be set on the right path towards a long-term, sustainable and successful career in financial planning.” Keywords RecruitmentCompanies Freedom 55 Financial Facebook LinkedIn Twitterlast_img read more

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Irresponsible union ad should be taken off air

first_imgIrresponsible union ad should be taken off air ACCI calls on unions to withdraw their latest advertising campaign opposing industrial relations reform, and to rethink their messages trivialising road safety, violence and genuine tragedies for Australian families.“The tragedy of road deaths are front of mind for many in the community right now,” ACCI’s Workplace Relations Director Scott Barklamb said.“The unions’ latest attack ad on the Government’s IR Bill is not only contrary to community standards but is entirely misleading – none of it is true. It tries to use the very worst of road deaths to score political points on industrial relations.“It should be taken off the air, and ACCI plans to lodge an official complaint with Ad Standards to this effect.“The union movement should have also stopped to consider how seriously Australia’s public transport industry operators and workers take the health and safety of passengers, pedestrians and other road users.“Moreover, they should have stopped to consider how irresponsible and reprehensible it is to trivialise deliberate vehicular homicide.”Mr Barklamb said the Government’s IR Omnibus Bill was a timely move to make modest and much-needed changes in industrial relations in order to save and create jobs.“This sort of advertising campaign blows this Bill entirely out of proportion. Aspects of the amended legislation will serve both employees and employers, it doesn’t favour one group over another – and we should all be committed to favouring jobs.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:ACCI, AusChamber, Australia, Australian, Australian Chamber, Australian Chamber of Commerce and Industry, campaign, community, director, Employees, Government, health and safety, industry, legislation, public transport, reform, road safety, Transport, violencelast_img read more

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first_imgLPA calls for targeted JobSaver action as snap lockdowns, border closures and audience restrictions smash industry recovery LPA· 90 percent of live entertainment companies are still receiving JobKeeper in January-March 2021 quarter· Only 2 percent of live entertainment companies expect to return to 81-100 percent pre-COVID business activity in 2021; 10 percent in 2022; 40 percent in 2023; 62 percent in 2024; and 68 percent from 2025 onwards· Almost 50 percent of companies expect to operate at 0-40 percent of pre-COVID business activity and revenue in 2021· Continued snap lock-downs, state and international border closures and audience restrictions prevent industry fully reactivating with a return to business normality a long way off; industry is looking to 2022 with a long tail into 2023 and beyond· Without a targeted wage subsidy, 33 percent of live entertainment companies will make staff redundant; 20 percent will continue to keep staff stood down; 17 percent will reduce hours of staff working full/part time hours; 13 percent will wind up their business; and 51 percent will cut operational costs even furtherLive Performance Australia (LPA), the arts and entertainment industry peak body, today called on the Morrison government to provide targeted industry support to prevent the further collapse of an industry on life support.LPA Chief Executive Evelyn Richardson said the live entertainment industry continued to be smashed by repeated snap lockdowns, state and international border closures, audience caps and the lack of a national framework for touring productions.LPA’s latest industry survey shows 90 percent of live entertainment companies are still receiving JobKeeper in the January to March 2021 quarter. Of those companies, only 2 percent project a return to 81-100 percent pre-COVID business activity this year and almost 50 percent expect to operate at 0-40 percent business activity in 2021.“Like tourism and hospitality, the pandemic has had a devastating impact on live entertainment with an estimated $24 billion of lost economic output and $11 billion lost in industry value. We’ve also seen 79 000 (65%) jobs lost, which is around two thirds of our work force.“The industry has been working hard to get our people back to work, on stage and touring. Australia has made great progress in fighting the virus and we are now slowly reopening businesses, venues and live events. JobKeeper, the Creative Economy package and state-based government support have been critical in keeping companies alive and people in jobs.“While across the economy, the ATO reports that 90 percent of the 1.3 million jobs lost have been replaced, our industry is not in those figures. Live entertainment remains largely at a standstill. We’re slowly getting shows back but under heavy restrictions and current business activity is not sustainable. The looming end of JobKeeper will see significant job losses and an unprecedented down-sizing of the industry. The impact of that on our cities and regional communities will be profound.“We face major challenges in fully reactivating and a return to business normality remains a long way off. For our industry to operate profitably we need our venues operating at full capacity, unrestricted interstate movement, and open international borders without extensive quarantine. Due to essential health considerations, we don’t see these three necessary conditions coming into play in the next six to nine months.“Since November last year we have had every major musical, theatre production and arts festival shut down or significantly disrupted due to a snap lock down and border closures – this has happened in Brisbane, Sydney, Perth, Adelaide and Melbourne. The financial costs and damage to consumer confidence across the country is enormous. We are also very concerned about the growing loss of skills as we stare at the reality of treading water until early 2022.“If we are to play our part in Australia’s economic and social recovery, we need targeted government support to save jobs and companies beyond March. Our survival depends on it”, Ms Richardson said. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Adelaide, ATO, Australia, Brisbane, Evelyn, Government, industry, JobKeeper, Melbourne, Morrison, peak body, Perth, production, quarantine, sustainable, Sydneylast_img read more

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Subaru’s 2019 Forester teaser points to some added style

first_img Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Subaru hasn’t said a lot, but it has been revealed the 2019 Forester will ride on the company’s new Subaru Global Platform, and is expected to grow slightly versus the outgoing car. Powertrain updates are still secret.The 2019 Forester will get its official unveil at the New York International Auto Show in two weeks; you should see it in dealerships later this year. Trending in Canada Created with Raphaël 2.1.2Created with Raphaël 2.1.2 A teaser image of the 2019 Subaru Forester. COMMENTSSHARE YOUR THOUGHTS advertisementcenter_img Subaru released a teaser image of its 2019 Forester mid-March, ahead of the vehicle’s official debut later this month at the New York auto show.The photo – of the compact crossover’s rear right corner – suggests Subaru is finally bringing to production the pincer-shaped taillights that its Viziv concepts have worn for the past few years.It’s also possible to discern from the image that the rear opening of the Forester will get a little wider than the current car’s, with the shutline cutting through that stylish new taillight until it’s mere inches from the edge of the body. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. ‹ Previous Next › RELATED TAGSForesterSubaruNew YorkNew York Auto ShowNewslast_img read more

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