From albatross to global powerhouse

first_img From albatross to global powerhouse Show Comments ▼ whatsapp WHEN Ian Livingston took the helm at BT, Global Services was a complete mess. One of the first things he had to do after becoming chief executive in 2008 was issue a dramatic profit warning due to underperforming contracts at the division, which competes with the likes of IBM for big corporate IT deals. Shareholders, already terrified by the unfolding financial crisis, panicked; the shares crashed by 27p to 115p – below their 130p IPO price – wiping £2bn off the firm’s market capitalisation. To say it was an inauspicious start is putting it mildly. Global Services, the brain child of former boss Ben Verwaayen, had been winning business but at the expense of profit. The arm, which had been created to replace dwindling fixed-line telecoms revenues, was supposed to be a powerhouse; instead it had become an albatross around BT’s neck.It is no exaggeration to say that Livingston’s reputation depended on sorting Global Services out. He quickly gave the arm’s boss the heave-ho and now, after a few false starts, shareholders are starting to see results. Global Services revenue might have dipped and that was always the plan: fewer contracts, but more profitable ones. The division is expected to generate £100m operational cashflow in 2010-11. Considering that most analysts didn’t expect to see positive cashflow until 2011-12, this is an impressive achievement. It shows that the firm has managed to sort out some bad commercial deals very effectively. Shareholders will want to see more of the same. KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proofcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsHero WarsThis game will keep you up all night!Hero WarsThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBe Thursday 3 February 2011 7:53 pm Share whatsapp Tags: NULLlast_img read more

Mauritius Chemical & Fertilizer Industry Ltd ( 2013 Annual Report

first_imgMauritius Chemical & Fertilizer Industry Ltd ( listed on the Stock Exchange of Mauritius under the Agri-industrial sector has released it’s 2013 annual report.For more information about Mauritius Chemical & Fertilizer Industry Ltd ( reports, abridged reports, interim earnings results and earnings presentations, visit the Mauritius Chemical & Fertilizer Industry Ltd ( company page on AfricanFinancials.Document: Mauritius Chemical & Fertilizer Industry Ltd (  2013 annual report.Company ProfileMauritius Chemical & Fertilizer Industry Limited is a Mauritian company that specialises in the production of a comprehensive range of fertilisers for local and international customers. The company deals through several manufacturing and trading companies, supplying products and services that include, complex nitrogen, phosphorous, potassium (NPK) fertilizers, foliar and liquid fertilizers, basic and specialty chemicals for sugar, textile, paint and hotel industries, refrigerants, laboratory services, electrical, and household appliances, electronic equipment, and also commodities such as flour, tires, paper products and steel products. Mauritius Chemical & Fertilizer Industry Ltd operates through its subsidiaries which include MCFI Ltd, Chemco Ltd, Bychemex Ltd, MCFI (Freeport) Ltd, Elcon Systentechnik Mauritius Ltd, Medigaz Ltd and MCFI-SFB Co. Ltd which is a joint venture between the Company and the Shenzen Shenfubao Group, China. Mauritius Chemical & Fertilizer Industry Limited is listed on the Stock Exchange of Mauritius.last_img read more

Sterling Bank Plc ( 2014 Annual Report

first_imgSterling Bank Plc ( listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2014 annual report.For more information about Sterling Bank Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Sterling Bank Plc ( company page on AfricanFinancials.Document: Sterling Bank Plc (  2014 annual report.Company ProfileSterling Bank Plc is a financial services institution in Nigeria offering banking products and services to the corporate and commercial sectors as well as high net-worth individuals, small businesses and joint venture partnerships. The company provides a full-service offering for consumer and commercial banking as well as corporate, investment and wholesale banking. This includes loans and advances, letters of credit, equipment leasing, money market operations and electronic banking as well as financial advisory and securities trading services. The company was founded in 1960 and formerly known as NAL Bank Plc. Its head office is in Lagos, Nigeria. Sterling Bank Plc is listed on the Nigerian Stock Exchangelast_img read more

First #GiveMe5 campaign raises £25,000 in a day

first_imgFirst #GiveMe5 campaign raises £25,000 in a day About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. Online giving platform Localgiving’s #GiveMe5 campaign yesterday raised £25,000 for 365 organisations around the country, in just 24 hours.The matched giving campaign offered to match fund 1,000 £5 donations made to the small or local charities that are listed on Unlike other matched giving campaigns, such as that run by The Big Give, the #GiveMe5 campaign was not available on a first-come first-served basis. Instead, the donations that would be matched were selected at random.The campaign focused on £5 donations. Other sums could be donated of course, but they would not be eligible for matching.My donation to a choral society was not matched, I have just learned. But that hasn’t detracted from making the gift.Indeed, #GiveMe5 will return to for one day next month on 25 February 2015, offering the same chance of doubling your £5 donation.Localgiving has run other matched giving campaigns including Triple Tenner Tuesday to mark Giving Tuesday UK. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 30 January 2015 | News Tagged with: Localgiving matched giving  46 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Top job

first_imgTheIT consultancy White Clarke Group has appointed Mike Morris to the board as HRdirector.WhiteClarke employs more than 170 people and provides IT expertise and systems toblue-chip companies in the motor industry, including VW, General Motors andNissan.Morris’srole within the group includes responsibility for internal HR issues andproviding HR consultancy to key clients.UnderMorris’s leadership the HR team will also be in charge of organisationaldesign, recruitment and career development and training and developmentMorrishas experience in the financial services industry and his previous experienceincludes HR management positions for leading banks and financial institutions,most recently Barclays Bank.Hesaid, “We are hoping to encourage more people to come into IT as it can be anexciting and challenging career.“Mymain challenge will be to get the right people and build the company fromwithin.“Weare just starting our graduate recruitment process and are hoping to grow our ownstaff. One of my goals will be to get the right balance between male and femalestaff.” Previous Article Next Article Top jobOn 20 Mar 2001 in Personnel Today Comments are closed. Related posts:No related photos.last_img read more

Stolen book sparks international dispute

first_imgA book worth £15 000 stolen from Christ Church Library has been found in Japan. The 1552 pocket edition of De Humani Corporis Fabrica by the Belgian anatomist Andreas Vesalius is the only book of 73 not recovered from a theft in the early 1990s. The books were all stolen by Simon Heighes, a lecturer who smuggled books out one by one, and later served two years in prison for his offence. The University traced the path of the Vesalius which was first sold on to Sotheby’s by Heighes and bought by an American book-dealer. It was later bought by Shoten Ohi in Tokyo before being privately sold to a Japanese university. Ohi repeatedly ignored letters from Christ Church before he was persuaded to attempt a retrieval of the book. “I’d love to resolve the problem but I don’t like the way Oxford have treated me,” he said. “They treat me like a criminal.” The dispute has turned into a bitter row between the University and Japan. David Morris, Oxford University’s representative in Japan, said: “The case brings shame on the Japanese educational establishment.” Nihon Shika Daigaku, a wealthy private university of dentistry, has acknowledged that it does have a copy of the 1552 book although it has not been confirmed that it once belonged to Christ Church.”ARCHIVE: 0th Week MT2003last_img read more

Three-quarters of card payments in bakeries are contactless

first_imgBakeries have the highest rate of contactless card payments of any merchant type in the UK in 2017, a study has revealed.Almost three-quarters (72%) of card transactions in bakeries, such as Greggs, were contactless, according to the study by card processing specialist Paymentsense. This means nearly 6.4 million transactions in bakeries were completed via a contactless payment.Fast food restaurants came second, with 58.3% of all card payments being contactless, followed by 57.7% in drinking establishments and 54.6% in pharmacies (see list below for the rest of the top 10).Notably, consumers can only pay via contactless for transactions under £30.The study also shows the top 10 cashless and contactless cities in the UK. Perhaps unsurprisingly, London came top, as more than half (57%) of the city’s card payments were contactless. Birmingham was second and Bristol third, followed by Brighton.“As a society, we’re close to becoming cashless, with contactless now making up over 42% of all transactions. There are areas of the UK that are adapting to this movement, but others that haven’t made the list need to improve and move with the times,” said Guy Moreve, head of marketing at Paymentsense. “The study further highlights the average person’s diminishing availability of cash, as many struggle when it comes to everyday, cash-only services, such as car parks and taxis, and the importance of accepting card payments within these businesses.”Contactless payments are most popular with younger generations as 41% of Brits aged 18-24 said it was their favourite form of payment compared to just under 10% of over-55s.last_img read more

Watch Brendan Bayliss & Ryan Stasik Talk Umphrey’s McGee On Local TV News

first_imgWith their performance at Milwaukee’s famed Summerfest last night, two of Umphrey’s McGee’s esteemed members – guitarist Brendan and bassist Ryan Stasik – hit local CBS 58 to talk about their band, their history with Milwaukee and more.Bayliss spoke about the band’s long legacy in Milwaukee, saying, “Being based out of Chicago, we’re very close. And when we started touring, the first city we ever played was Milwaukee.” Stasik followed up by calling their music “self-indulgent, improvisational rock-n-roll.”Watch the short and enjoyable clip below. Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Progress: 0%Stream Type LIVERemaining Time -0:00 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedAudio TrackCaptionscaptions settings, opens captions settings dialogcaptions off, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Frankly Video Player – v7.36.0CloseCBS 58last_img read more

Metallica Announces Surprise NYC Show After Rocking Global Citizen

first_imgLast night, Metallica descended from the stage at Global Citizen with some very exciting news. Posted on their website, the band wrote:“We just walked off the stage at the Global Citizen show in New York’s Central Park and we had such a blast that we’re going to keep the good vibes rolling by adding another show to our New York run! This Tuesday, September 27th, we’ll be playing a special show for our Fifth Members only at the intimate Webster Hall and if you’re a member you have a chance to pick up tickets and join us.It’s easy… click here to enter to win an opportunity to purchase up to two tickets per member. Tickets will be $25.00 each and all the proceeds will be donated to City Harvest. Hurry! Entries close tomorrow, Sunday, September 25 at 6:45 PM EDT. All winners will be e-mailed a personal code and more details about how to purchase tickets to the exclusive one-of-a-kind show.If you can get to New York City from wherever you are this Tuesday evening and you’re a Fifth Member, check it out now. Hope to see you there!”For more details on how to get your hands on tickets, click here.Metallica’s tenth studio album, Hardwired…To Self-Destruct, is coming out November 18th. The two-disc release contains nearly eighty minutes of music, and is the follow-up to the American heavy metal band’s 2008 Death Magnetic release.Thanks to MSNBC, we can watch footage from the band’s performance last night below: Metallica @ Global Citizen 9/25/16:For Whom The Bell TollsMaster Of PuppetsOneNothing Else MattersEnter Sandmanlast_img read more

Las Vegas Victims Fund To Distribute $31M+ To Survivors, Families Of Victims In Festival Shooting

first_imgOn the evening of October 1st, 2017, during Jason Aldean‘s closing set at Route 91 Harvest Festival in Las Vegas, a gunman opened fire on the crowd gathered on the Strip from the window of an overlooking casino hotel. He continued to fire for roughly an hour as the festival’s audience scrambled for cover. By the time authorities found him dead of a self-inflicted gunshot wound, he had murdered 58 people and injured more than 800 others, making it the most devastating mass shooting in modern American history.Ever since, people from all over banded together to support the countless people whose lives were lost or affected by the attack at the Route 91 Harvest Festival. What began as a GoFundMe campaign quickly ballooned into a full-blown nonprofit organization, The Las Vegas Victims Fund, and eventually pulled in more than $31M in donations.The fund reports receiving more than 90,000 individual donations, with nearly 40% coming from southern Nevada gambling, tourism, and entertainment companies. Students, faculty, and staff at a high school in suburban Henderson raised more than $66,000 through T-shirt sales and a #VegasStrong benefit concert that raised nearly $700,000.As the Associated Press reports, today the Las Vegas Victims Fund announced plans to pay $275,000 to the families of each of the 58 people killed in the deadliest mass shooting in modern U.S. history. The fund also reported that the maximum $275,000 will also be paid to 10 other people who were paralyzed or suffered permanent brain damage in the shooting on the Las Vegas Strip. The fund posted a chart that projects the different donation amounts that will be issued to a total of 532 different people. The donations will be scaled individually based on the extent of the given victim’s medical expenses.Decisions regarding the disbursement of the funds were made by a committee of victim advocates, mental health and medical professionals, lawyers, donors and others, with input from two separate town hall meetings with the victims and their families.Las Vegas Victims Fund spokesman Howard Stutz said the nonprofit expects to pay 100 percent of the funds raised, with payouts beginning this week. As Al Etcheber, brother-in-law of Stacee Etcheber, one of the many innocent lives lost in the attack, says, “In no way can it replace someone’s life. … Still, it is a real nice way to help families who lost someone they loved.”In the wake of the attack during his performance in Las Vegas, Jason Aldean appeared on Saturday Night Live the subsequent weekend to offer his condolences and support to all those affected. He then performed an appropriate tribute: a rendition of the defiant anthem “I Won’t Back Down” by Tom Petty, who passed away the following day. Watch a clip of the tribute below:Jason Aldean – “I Won’t Back Down” (Tom Petty cover) – Tribute to Las Vegas Shooting Victims on SNL[Video: USA TODAY][H/T Billboard]last_img read more