Tag Archives: Sees

UPDATE 1-Serco sees decrease revenue, trading profit in 2016

(Add particulars, background)

LONDON Dec 7 British outsourcing firm Serco mentioned on Monday it expected revenue and trading profit to fall in 2016, due to the sale of its offshore contact centre company and a number of lost contracts.

The company, battling to recover from a string of contract issues and scandals, mentioned it now expected revenue of about 2.8 billion pounds ($ 4.two billion) and underlying trading profit of around 50 million pounds in 2016.

Analysts had anticipated income to come in at two.9 million pounds subsequent year, according to Reuters information.

The company mentioned the sale of its offshore get in touch with centre organization would minimize 2016 revenue by 300 million pounds. It agreed to sell the enterprise to private equity firm Blackstone for 250 million pounds in September.

Serco has suffered over the past couple of years, following problems with government contracts that integrated overcharging the British government for monitoring criminals and escalating fees on a deal to give accommodation to UK asylum seekers.

Nonetheless, it mentioned underlying trading profit in 2015 was most likely to come in at 95 million pounds, ahead of its preceding guidance of 90 million, due to the renegotiation of some loss-producing contracts and improved operational overall performance.

Income was estimated in line with its prior guidance of about three.five billion pounds.

“We said that we anticipated 2016 to be a further challenging year,” said Chief Executive Rupert Soames in a statement.

“We nonetheless anticipate this to be the case, caused in element by continued attrition of the contract base, and in portion by the BPO (offshore contact centre) disposal.” (Reporting by Li-mei Hoang Editing by Louise Heavens and Mark Potter)

Icahn requires 12 pct stake in Pep Boys, sees fit for rival

BOSTON Billionaire investor Carl Icahn reported on Friday that he now owns 12.12 percent of auto parts business Pep Boys-Manny, Moe & Jack (PBY.N), which agreed to sell itself to Bridgestone (5108.T) in October, and mentioned its retail automotive parts segment would be a best match for rival Auto Plus.

Icahn began buying the shares in late November and now owns 6.55 million shares, generating him the second largest owner after Mario Gabelli’s Gabelli Funds, a regulatory filing shows.

In the filing, Icahn stated he thinks the company would “present an outstanding synergistic acquisition chance for Auto Plus,” a privately held organization he currently owns.

Icahn mentioned he plans to hold discussions with the firm and numerous parties that participated in its strategic option evaluation approach about prospective transactions involving the company’s retail segment.

The move comes significantly less than two months after Pep Boys agreed to sell itself to Bridgestone Corp for roughly $ 835 million, a move which would assist the Japanese tire organization expand its retail network by more than one particular third in the United States.

Pep Boys, which had place itself up for sale in June, has not benefited from the resurgent auto market to the extent that rivals AutoZone and Advance Auto Components have.

At age 79, Icahn, whose net worth is place at roughly $ 21 billion by Forbes, is nevertheless playing an active function in American boardrooms, possessing most not too long ago urged insurer American International Group to split itself into 3 pieces in late October. Final year he pressured eBay to break up.

Pep Boys was founded in 1921 by four buddies who pooled collectively $ 800 to open an auto components shop in Philadelphia.

(Reporting by Svea Herbst-Bayliss Editing by Sandra Maler)

Cameron sees EU talks on Britain subsequent month

BRUSSELS British Prime Minister David Cameron expects a “substantive discussion” with fellow EU leaders subsequent month on his demands for reforms of the bloc, officials mentioned right after talks on Sunday with the EU’s chief negotiator.

“All EU leaders will have a substantive discussion of the UK renegotiation at next month’s European Council as planned,” Cameron’s workplace mentioned in a statement following he met European Council President Donald Tusk following an EU meeting in Brussels.

EU officials echoed the British statement that there had been “excellent progress” in negotiations aimed at persuading Cameron that he can urge voters to assistance continued membership of the European Union in a referendum he plans within two years.

But EU officials also cautioned that, while the British reform demands would be on the agenda of the subsequent European Council on Dec. 17-18, it would be difficult to attain a final deal. That assessment tallies with the view of numerous EU diplomats involved in talks with Tusk’s staff this month.

Tusk, a fellow conservative and the former prime minister of Poland, met Cameron after both took portion in a summit with the Turkish premier on Europe’s migration crisis.

Officials mentioned they discussed the round of talks that Tusk’s staff have held with representatives of all 27 other member states because Cameron sent a formal letter on Nov. 10 setting out adjustments he wants if he is not to push for Britain to leave.

Cameron’s workplace said: “They agreed that we continue to make good progress. Although some places are far more difficult than other people, discussions are ongoing with member states to find solutions and agree reforms in all 4 regions outlined in the PM’s letter.

“These discussions will continue in the coming days, like with bilaterals (meetings) amongst the PM and other European leaders in Paris tomorrow,” it added, referring to the gathering on Monday for the start off of U.N. climate talks.

Also in Brussels on Sunday, Cameron secured a mixture of help and warning from the new government of Poland, a key player in negotiations as the most significant of ex-Communist eastern EU states concerned by Cameron’s efforts to cut immigration.

“Poland has a major interest in stopping any British EU exit. We are ready to help British demands as regards changes to their treaty obligations and possibly also changes to the European Union’s treaty architecture,” Poland’s new Europe minister Konrad Szymanski told reporters.

But the new right-wing, Eurosceptic government has produced clear it wants to defend the interests of the a lot of Poles operating in Britain and is concerned about Cameron’s demand that individuals from other EU states perform for four years in Britain before becoming entitled to identical positive aspects as Britons.

“The only matter of absolute principle is differentiating between individuals within the EU based on their passport,” said Szymanski.

New Polish Prime Minister Beata Szydlo mentioned she anticipated Cameron to go to Warsaw soon.

(Writing by Alastair Macdonald Editing by Richard Balmforth)

Sabung Ayam On-line

Austria’s Faymann sees compromise in EU-Turkey talks: Kurier

VIENNA Austrian Chancellor Werner Faymann expects the European Union and Turkey to strike a deal on how to stem a tide of refugees into the continent in return for financial aid and closer ties, he told the Kurier paper.

European and Turkish officials have been functioning to smooth out their remaining differences on an agreement, which they hope will be signed on Sunday by EU leaders and Turkey’s prime minister.

Turkish President Tayyip Erdogan has broadly accepted a draft program below which the EU would offer three billion euros ($ three.18 billion) in aid more than two years for the two.3 million Syrian refugees in Turkey. It would also “re-energize” talks on Ankara’s joining the bloc and ease visas for Turks.

“Turkey now wants 3 billion a year to invest the money in schools and accommodation. We will meet somewhere in the middle,” Faymann, a Social Democrat who governs with conservative coalition partners, was quoted as saying.

He mentioned the funds should be spent mainly for housing and schools and that the EU would sign off on payments only right after reviewing every single project.

Noting Erdogan’s push for EU membership, Faymann noted Vienna’s stance that this would have to be put to a referendum in Austria that would most likely fail. He mentioned talks ought to focus alternatively on a “a privileged partnership” with Turkey.

Asked about joint preparation for the talks by Austria, Germany, the Netherlands, Sweden and Finland, Faymann mentioned these countries had been net contributors to EU finances and prime destinations for refugees making their way to Europe.

“We pay so that in other countries the normal of living rises. Now we demand that we are not left alone with the refugee problem,” he mentioned, reiterating his threat that nations that shun solidarity more than refugees might endure when it comes to EU funding.

He appealed to maintain the Schengen open-border technique in Europe, which he stated helped Austria’s export-led economy.

Asked about prospects for easing sanctions against Russia over Moscow’s annexation of Crimea offered Russia’s prospective function as an ally in fighting Islamic State militants, Faymann stated:

“Cooperation with Russia in the framework of the fight against terrorism is very important. The annexation of the Crimea justified sanctions against Russia. I am in favor of now thinking in the EU about normalizing relations with Russia.”

($ 1 = .9444 euros)

(Reporting by Michael Shields)

Sabung Ayam On-line

MEDIA-SAP sees 2018 revenues from cloud above licensing – CFO

FRANKFURT Nov 28 ** Europe’s biggest software firm SAP expects revenues from its cloud enterprise to surpass classic computer software licensing revenues in 2018, CFO Luka Mucic tells German day-to-day Boersen-Zeitung

** The gross margin at the cloud enterprise has noticed a enhance recently but that speed of improvement can not continue simply because SAP has to hold up investments in the enterprise, Mucic says

** The cloud company has been generating a positive gross profit contribution and the quantity is due to increase over the next couple of years

** Mucic expects cloud subscription and help revenues of up to eight bln euros ($ eight.five bln ) by 2020

($ 1 = .9444 euros)

Bandar Sabung Ayam

Irish taxman sees corporate tax bonanza this year and subsequent

DUBLIN Nov 25 Improved Irish exports ought to enhance corporate tax receipts to around two billion euros above target this year and, barring changed trading conditions, 2016 need to see a comparable surplus, the country’s tax collectors mentioned on Wednesday.

Driven by corporate receipts, Ireland has collected practically 8 % more tax than expected this year, assisting cut the government’s spending budget deficit but also prompting warnings against spending windfalls that could rapidly disappear.

“Corporation tax receipts for 2015 are presently around two billion euros ahead of target and the end of year position is anticipated to be relatively unchanged,” Niall Cody, chairman of the Office of the Revenue Commissioners, told Finance Minister Michael Noonan in a letter dated Nov. 20 and published on Wednesday.

He cited enhanced trading situations for exports across a quantity of businesses as a key aspect, and next year’s pattern could be the same.

“On the assumption that there are no further currency fluctuations or decline in the profitability of the bigger corporate groups …we count on that much of this surplus will reoccur subsequent year,” Cody mentioned.

The government had expected to take in 2.7 billion euros in corporate tax in the 1st ten months of the year but instead received four.7 billion.

A two billion euro complete-year surplus would return corporate tax receipts – 80 % of which are generated from Ireland’s huge cluster of foreign businesses – to the peak of 6.7 billion collected in 2006, ahead of Ireland’s monetary crisis.

A repeat in 2016 would make that the greatest year ever.

Noonan had been advised the surge was sustainable but he has stated he would be “extremely prudent” in forecasting. (Reporting by Padraic Halpin editing by John Stonestreet)

Bandar Sabung Ayam

Agen Sabung Ayam – Imran Khan Sees His Vindication in a Calmer Pakistan

Agen Sabung Ayam

Photo

Imran Khan, the Pakistani opposition politician, during a protest in Islamabad final year. Credit Aamir Qureshi/Agence France-Presse â?? Getty Pictures

ISLAMABAD, Pakistan â?? Imran Khan, the former cricket star turned politician and would-be leader of Pakistan, would like to say, â??I told you so.â?

He told the Americans not to invade Iraq â?? â??Now appear at it,â? he mentioned. He campaigned against their invasion of Afghanistan â?? â??All that trillion dollars down the drain and what has it accomplished?â? He was so ardent in his opposition to Pakistanâ??s former military ruler, Pervez Musharraf, for supporting the American-led war against Al Qaeda and the Taliban, that Common Musharraf derided him as â??a terrorist without having a beard.â?

â??They even referred to as me Taliban Khan,â? he stated, chuckling, during an interview in his property atop a hill overlooking the capital.

Now that Pakistanâ??s internal insurgencies have gone unusually quiet over the past year, Mr. Khan insists it is however much more proof that the final laugh is his.

â??When the Americans have been pushing Pakistan to do a lot more,â? he said, â??the nation was heading toward a frenzy of fanaticism. But now the fanaticism has gone out of it, due to the fact the Americans have left Afghanistan mainly, and itâ??s no longer seen as Pakistan fighting the American war.â?

Photo

Imran Khan, whose Pakistan Tehreek-e-Insaf party, recognized as P.T.I., has noticed setbacks considering that critical election victories in 2013. Credit Farooq Naeem/Agence France-Presse â?? Getty Photos

A lot of that has to do with the Pakistan Armyâ??s determined crackdown on militants in the wake of final Decemberâ??s massacre of 145 students and teachers at an army school in Peshawar, he conceded. But still, with out the Americans to blame, â??itâ??s no longer jihad, itâ??s observed as killing your personal men and women.â?

Imran Khanâ??s populist style has played well in a country exactly where anti-Americanism has always been a massive vote-getter. He rode that sentiment, as well as his fame as a cricket hall of famer, into politics, but his party â?? Pakistan Tehreek-e-Insaf, recognized as P.T.I. â?? languished for years as a reasonably minor force.

Then, in the 2013 elections, his party for the initial time won manage of a provincial government, taking over in Khyber-Pakhtunkhwa. As the countryâ??s principal two parties settled into what amounted to a comfy alliance, Mr. Khan discovered his celebration viewed as the leading opposition force in Pakistan.

Mr. Khanâ??s celebration, constructed on a platform of fighting corruption, promised unprecedented change in Khyber-Pakhtunkhwa: devolving energy to villages and communities through nearby elections, depoliticizing the police â?? â??one of our own ministers was handcuffed by police, this never ever occurred ahead of,â? Mr. Khan mentioned â?? and even announcing a reforestation program he known as â??the billion-tree tsunami.â?

The great will his party gained was helped in no modest measure by his own celebrity and his rugged very good looks, nevertheless appearing much younger than his 63 years. But he also had intellectual credibility as an Oxford graduate and the former chancellor of a British university, and was admired as a philanthropist at property.

Although Mr. Khan had earlier accepted the benefits of the 2013 national elections, he insisted that the party had been cheated out of even bigger gains. Last year, he decided to aggressively dispute the vote, and when the courts did not agree, he took to staging sit-ins and marches that blocked Parliament for months, demanding the resignation of Prime Minister Nawaz Sharifâ??s government.

Mr. Khanâ??s critics saw his street protests as a bid for power, hoping to get Pakistanâ??s strong military to step in as it had completed numerous times just before and oust Mr. Sharif, paving the way for Mr. Khan to take more than. He denied that, but when he invoked a cricketing term that a â??third umpireâ? would resolve the dispute, several saw that as a call for military intervention. (He later explained that he was referring to God.) In the end, the military stayed out of it, and Mr. Khanâ??s street movement fizzled.

â??Last year, he did seem to be the main opposition and a credible 1,â? said Najam Aziz Sethi, a prominent journalist who after led the Pakistan cricket association. â??But in the previous year, he has lost a lot of ground politically.â?

Even some of his critics have been concerned about his failing political fortunes.

â??We ought to all pray for Imran Khanâ??s speedy political recovery,â? said Syed Talat Hussain, a former editor of The News. â??The man is still central to the future of his party, which in turn is key to keeping Pakistanâ??s fledgling democracy on track.â?

The tabloid-friendly side of his life was also acting up, to his detriment at times.

Throughout the street protests, the Pakistani and British tabloids ran wild with rumors of his romantic involvement with a Pakistani tv personality, Reham Nayyar, 42. At the time, he denied the rumors. But in January, Mr. Khan announced that he had married Ms. Nayyar, the second marriage for every.

While the wedding enthused a lot of of his supporters â?? romantic liaisons outside marriage do not sit well in religiously conservative Pakistan â?? the timing of the announcement caused some concern. It came weeks after the Peshawar army college massacre, when the nation was still in mourning and shock, and a lot of criticized Mr. Khanâ??s poor judgment.

Just ten months later, in late October, the couple announced their intention to divorce. The Everyday Mail weighed in quickly, saying Mr. Khan had invoked the Islamic style of divorce by texting to his wife the Arabic word talaq â?? meaning â??I divorce youâ? â?? three times, which she saw as she disembarked from a flight to London.

Mr. Khan has refused to go over his divorce, but his aides stated that the tabloid account was untrue, and that the parting was amicable.

Politically it did him small excellent, nevertheless, giving fuel to critics who had already begun calling him U-Turn Khan as an alternative of Taliban Khan.

â??Now the divorce, 10 months down the line, just shows immaturity, impulsiveness, lack of judgment,â? Mr. Sethi stated. â??It undermines his argument that heâ??s the most common man in the country.â?

Despite some setbacks, nonetheless, Mr. Khan has a basis for his claim. He boasted during the interview about a current poll by a consider tank, S.D.P.I., displaying his P.T.I. celebration top the country with 32 percent reputation, ahead of the prime ministerâ??s Muslim League party with 27 %. The old Pakistan Peopleâ??s Party of the Bhutto dynasty and former President Asif Ali Zardari had sunk to third with only 14 %. (The same poll found that Pakistanis view the United States as a single of the countryâ??s least reputable allies, regardless of more than a billion dollars in annual civilian and military aid.)

â??We are poised,â? Mr. Khan stated. â??When you have a two-celebration system like we had, it is rare to break in and become the second-greatest celebration, and then to bring in all these new individuals.â?

Nevertheless, he admits the parliamentary protests sapped a lot of his partyâ??s power. And others say it also drained its monetary resources, as the celebration had to feed and care for the thousands of round-the-clock protesters.

â??It meant we couldnâ??t concentrate on governing Khyber-Pakhtunkwah, and on organizing ourselves. Now we want to turn into so organized that we can take on the established party,â? Mr. Khan stated, adding that with two years until the subsequent national elections, there was still plenty of time.

In the meantime, Mr. Khan objects to the view that he stokes anti-American feelings merely for political achieve. He insists that the United States has been its personal worst enemy in Pakistan.

â??I constantly said that the moment the American footprint in Afghanistan came down, so would the anti-Americanism,â? he stated. â??It was all the killing of civilians â?? the