Time Out owner sells £10m stake

first_imgThe 63-year-old took his magazine to America in 1995 to scepticism on both sides of the Atlantic but it has since become a staple in cities including New York and Chicago.He had a well publicised spat with the BBC after its acquisition of Lonely Planet, a major rival to his Time Out city guides. In 2005 he survived prostate cancer.He has also endured peaks and troughs with the business. Earlier this year he was forced to inject £3m of his own money into the business, which included remortgaging his St John’s Wood home.PETER DUBENSOAKLEY CAPITALSERIAL entrepreneur Peter Dubens­­­ learnt his trade from Joe Lewis, the Bahamas-based billionaire currency trader, who he spent his summers shadowing as a student. He has sold everything from novelty T-shirts to smoothies.He made his name in the wake of the dot com bubble in 2000 by buying up troubled companies for pennies, fixing them (or breaking them up) and selling them for a healthy return.He launched Oakley Capital in 2007, before the crash, but was spurred on by the credit crunch, sending his team looking for distressed firms in need of a cash injection. He specialises in financial services and technology firms. His most famous venture is Pipex, the broadband group, which he sold in 2007 for £210m. KCS-content Show Comments ▼ 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 A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Oakley Capital has bought a 50 per cent stake in Time Out, in a deal that values the iconic magazine at more than £20m.Founder Tony Elliot has been searching for an investor but was determined to resist being snapped up by a larger media company.He is understood to have made at least £3m from the share sale – the sum he invested in it earlier this year after banker Lloyds became uncomfortable with the level of lending to the firm.He says he will hang onto the other half of the firm he founded in 1968 with just £70.The group has grown to incorporate 36 city magazines published in 24 countries, 22 travel magazines in 19 countries and an extensive events business.Annual turnover is £17m – down from its peak of £25m in 2007. However, the firm reported a profit of £1.7m after cutting costs.He said: “We are more profitable this year than we have ever been, and going forward the sky is now the limit on what we can achieve.”Elliot added: “There is incoming money into the business that has dealt with debt. It’s dealt with working capital, it’s dealt with various costs and I have some money. We now have absolutely no debt.”Oakley director Peter Dubens said the investment firm plans to develop Time Out’s digital potential.“We are going to help the business, which has not had a lot of working capital over the last few years, to create a very large presence digitally, both mobile and on the internet.“There are many cities the magazine is not in, and the other thing that will happen will be expansion, both more depth in cities it is already in, and in further cities all over the world.”Liberum Capital acted as financial adviser and broker on the deal.TONY ELLIOTT TIME OUTTONY Elliott famously founded Time Out in London in 1968 for just £70, building the firm into a global presence. whatsapp Thursday 25 November 2010 8:00 pmcenter_img Tags: NULL Share Time Out owner sells £10m stake whatsapplast_img read more

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Fidelity Bank Plc (FIDELI.ng) 2008 Annual Report

first_imgFidelity Bank Plc (FIDELI.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2008 annual report.For more information about Fidelity Bank Plc (FIDELI.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Fidelity Bank Plc (FIDELI.ng) company page on AfricanFinancials.Document: Fidelity Bank Plc (FIDELI.ng)  2008 annual report.Company ProfileFidelity Bank Plc is a financial services institution in Nigeria offering banking products and services for the individual, commercial and corporate sectors. Its extensive full-service personal and business offering ranges from transactional accounts, online banking, loans and term deposits to money market, treasury services loans and advances, commercial support overdrafts, equipment leasing finance and trade, working capital, project, asset and syndicate finance. Fidelity Bank Plc operates through 225 business offices, 730 ATMs and 3 853 point-of-sale channels. Founded in 18=987 and formerly known as Fidelity Union Merchant Bank, the company changed its name to Fidelity Bank Plc in 1999. Its head office is in Lagos, Nigeria. Fidelity Bank Plc is listed on the Nigerian Stock Exchangelast_img read more

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Seplat Petroleum Development Company Plc (SEPLAT.ng) 2019 Abridged Report

first_imgSeplat Petroleum Development Company Plc (SEPLAT.ng) listed on the Nigerian Stock Exchange under the Energy sector has released it’s 2019 abridged results.For more information about Seplat Petroleum Development Company Plc (SEPLAT.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Seplat Petroleum Development Company Plc (SEPLAT.ng) company page on AfricanFinancials.Document: Seplat Petroleum Development Company Plc (SEPLAT.ng)  2019 abridged results.Company ProfileSeplat Petroleum Development Company Plc is an oil and gas exploration company in Nigeria operating a portfolio of assets in the Niger Delta Region. This includes a 45% stake in OML 4 which covers an area of 267 square kilometres; a 45% stake in OML 38 which covers an area of 2 094 square kilometres; and a 45% stake in OML 41 that covers an area of 291 square kilometres. Seplat Petroleum Development Company Plc also holds a 40% non-operated working interest in OPL 283 marginal field which is located in the northern onshore deposit-belt of the Niger Delta; a 40% non-operated interest in OML 53 that covers an area of 1 585 square kilometres located onshore in north-eastern Niger Delta; and interest in OML 55 that covers an area of 840 square kilometres located in south-eastern Niger Delta. The company’s head office is in Lagos, Nigeria. Seplat Petroleum Development Company Plc is listed on the Nigerian Stock Exchangelast_img read more

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Guinea Insurance Plc (GUINEA.ng) Q32020 Interim Report

first_imgGuinea Insurance Plc (GUINEA.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2020 interim results for the third quarter.For more information about Guinea Insurance Plc (GUINEA.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Guinea Insurance Plc (GUINEA.ng) company page on AfricanFinancials.Document: Guinea Insurance Plc (GUINEA.ng)  2020 interim results for the third quarter.Company ProfileGuinea Insurance Plc is a composite insurance company in Nigeria offering products for life and pension, general business and special risks cover. The company is one of the most highly capitalised companies in the insurance industry in Nigeria. General Accident cover includes burglary and housebreaking, electronic theft and malfunctions, public liability, professional indemnity, personal/group accident, all risk insurance, goods-in-transit and health travel insurance. Fire and Special Perils cover includes industrial all risk, consequential loss, home owners and fire and special perils insurance. Engineering cover includes machinery breakdown, plant all risk, contractor all risk and erection all risk insurance. Guinea Insurance Plc’s head office is in Lagos, Nigeria. Guinea Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more

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Tip: Markeith Loyd may have changed his appearance

first_img I knew it……the US Marshalls are the ones that got him! Man, are they good. I have so much respect for the US Marshalls……….they are SO GOOD at what they do! Please enter your name here The Anatomy of Fear You have entered an incorrect email address! Please enter your email address here Please enter your comment! Mama Mia 2 COMMENTS Mama Mia Share on Facebook Tweet on Twitter Support conservation and fish with NEW Florida specialty license plate Reply center_img TAGSCrimelineMarkeith LoydOrlando Police Department Previous articleWhat would Martin Luther King Jr. think of South Apopka?Next articleMARKEITH LOYD ARRESTED Denise Connell RELATED ARTICLESMORE FROM AUTHOR LEAVE A REPLY Cancel reply Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Reply Reward raised to $125,000Orlando police Chief John Mina held a brief news conference Tuesday and announced two significant details in the manhunt for Markeith Loyd.Orlando police received a tip that Loyd may have altered his appearance. Here are three photos of his possible look today.“We have received a tip that he (Loyd) may have changed his appearance or may have shaved his head,” Mina said.Mina also said officials altered a photograph after receiving a tip that Loyd might have changed his appearance after the January 9th shooting outside of the Walmart on Princeton Street in Orlando in which Loyd shot and killed OPD Lieutenant Debra Clayton.It was also announced that Crimeline has received over 1,400 tips from the community, and the reward has been raised to $125,000.This is the eighth day of the manhunt for Loyd, and Mina wants the community to know their motivation to find him has not wavered.“We’re talking about someone who gunned down a pregnant mother and an officer in broad daylight,” Mina said. “We are actively looking for him. We are continuing to follow up on every single lead.”Loyd has also been added to the “15 most wanted list” of the US Marshals.In addition to allegedly shooting and killing Clayton, Loyd is wanted for shooting and killing his pregnant ex-girlfriend Sade Dixon in December.Anyone with information is urged to call Crimeline at 800-423-TIPS. If your information leads to an arrest you may be eligible for a reward of up to $125,000.No Caller ID /No Recorders/ No Hassles January 17, 2017 at 7:37 pm January 17, 2017 at 7:21 pm HE HAS BEEN CAPTURED!!!!!!!!! ALONG WITH HIS PREGNANT EX- GIRLFRIEND!!!!! That is all I know……. Save my name, email, and website in this browser for the next time I comment.last_img read more

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Spring Crop Insurance Deadline March 15

first_img By Eric Pfeiffer – Mar 13, 2018 Facebook Twitter Spring Crop Insurance Deadline March 15 Facebook Twitter SHARE Spring Crop Insurance Deadline is March 15Cody GaultTime is running out for farmers across the country to buy crop insurance on spring planted crops. Thursday, March 15th is the deadline to purchase policies. Cody Gault with Farm Credit Mid-America says to not let your plan just roll over.“Sit down, go through the numbers, know what you’re guaranteed. Work with your lender and know what coverage you need, and be able to leverage that for your marketing plan for ’18. We’re all well aware the margins are tight, we are in a down ag economy, and so we have to protect that margin as best as we can. There’s no better way to do that than with crop insurance and no more affordable way to do that as well.”The spring price guarantee for corn is $3.96, soybeans is $10.16, and spring wheat at $6.31. The primary spring crops include corn, soybeans, wheat, oats, forage seeding and many varieties of fresh and processed vegetables. Previous article Variable Rate Seeding Can Boost Yield and Save MoneyNext articleRyan Martin’s Indiana Ag Forecast for March 14, 2018 Eric Pfeiffer Home Indiana Agriculture News Spring Crop Insurance Deadline March 15 SHARElast_img read more

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Thousands protest army takeover in Myanmar’s biggest city

first_img Previous articleMichigan State ends 4-game skid with 66-56 win over NebraskaNext articleGame changers: Manning, Woodson, Megatron headed to Hall Digital AIM Web Support Pinterest Local NewsBusinessUS NewsWorld News TAGS  Twitter WhatsApp Facebook WhatsAppcenter_img Facebook By Digital AIM Web Support – February 6, 2021 A Myanmar man living in South Korea shows his tatoo of Aung San Suu Kyi during a rally against the military coup near the office of the military attache of the Myanmar embassy, in Seoul, South Korea, Saturday, Feb. 6, 2021. Twitter Pinterest Thousands protest army takeover in Myanmar’s biggest citylast_img read more

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Man charged with dangerous driving following fatal RTC in Strabane

first_img Gardai continue to investigate Kilmacrennan fire By admin – April 12, 2015 RELATED ARTICLESMORE FROM AUTHOR Main Evening News, Sport and Obituaries Tuesday May 25th Twitter WhatsApp Homepage BannerNews Facebook Google+ Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry 365 additional cases of Covid-19 in Republic center_img The 49 year man arrested following a fatal RTC on the Melmount Road, Victoria Bridge, Strabane last night, has been charged with dangerous driving causing death, causing death by driving whilst uninsured, no insurance and failing to have recording equipment fitted to his vehicle.The man has been charged to appear at Enniskillen Magistrates Court tomorrow.As is normal procedure all charges will be reviewed by the PPS.Sergeant Amanda Kenny, Collision Investigation Unit is appealing to anyone who witnessed a white Mercedes box lorry or a white Citroen van on the Melmount Road, Victoria Bridge, Strabane between 10 pm and 10.15 pm on Saturday evening 11 April 2015 to contact the Collision Investigation Unit on non emergency number 101. Previous articleInishowen Oscar Traynor CupNext articleNational League Ladies Division 2 admin Google+ Pinterest WhatsApp Facebook 75 positive cases of Covid confirmed in North Further drop in people receiving PUP in Donegal Man charged with dangerous driving following fatal RTC in Strabane Twitterlast_img read more

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[Violation of Article 164 (1A)] SC Issues Notice to MP CM Shivraj Chouhan on Plea of Ex-Speaker Challenging Appointment of 28 Ministers

first_imgTop Stories[Violation of Article 164 (1A)] SC Issues Notice to MP CM Shivraj Chouhan on Plea of Ex-Speaker Challenging Appointment of 28 Ministers Press Trust of India22 July 2020 9:50 AMShare This – xThe appointment of 28 ministers by the Shivraj Singh Chouhan led BJP government in Madhya Pradesh has come under the scanner of the Supreme Court, which on Wednesday took note of the objections of former assembly speaker and Congress leader that this violated the ceiling on the maximum number of ministers fixed under the Constitution. A bench of Chief Justice S A Bobde and Justices A S…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe appointment of 28 ministers by the Shivraj Singh Chouhan led BJP government in Madhya Pradesh has come under the scanner of the Supreme Court, which on Wednesday took note of the objections of former assembly speaker and Congress leader that this violated the ceiling on the maximum number of ministers fixed under the Constitution. A bench of Chief Justice S A Bobde and Justices A S Bopanna and V Ramasubramanian issued notices to Chief Minister Shivraj Singh Chouhan and his government and sought their response on the plea of former assembly speaker N P Prajapati.Senior advocates Kapil Sibal, Vivek Tankha and advocates Varun Tankha and Sumeer Sodhi appearing for Prajapati said that appointment of 28 ministers in Madhya Pradesh cabinet was in clear violation of Article 164 (1A) of the Constitution.The bench said that it is issuing notice and would hear the matter.Under Article 164 (1A) of the Constitution the total number of ministers, including the Chief Minister in the council of ministers in a State shall not exceed fifteen per cent of the total number of members of the legislative assembly of that State.On June 2, Chief Minister Shivraj Singh Chouhan carried out a major expansion of his cabinet, including 28 new members, a dozen of them former Congress MLAs whose rebellion contributed to the collapse of Kamal Nath led Congress government in the state. On March 23, Shivraj Singh Chouhan sworn as chief minister of the state and on April 21, he had inducted five cabinet ministers. Prajapati said that the appointment of 28 ministers was in clear violation of Article 164 (1A) of the Constitution as per which the total strength of council of ministers including the Chief Minister cannot go beyond 15 per cent of the total number of members in the state legislative assembly.He added that with the appointment of 28 ministers, the total strength of council of ministers including the Chief Minister is now 34.However, in the present case, with only 206 members at present being the members of the Madhya Pradesh Legislative Assembly, the respondents (Governor, Shivraj Singh Chouhan and MP Government) could not have appointed more than 30.9/31 members as the council of ministers, Prajapati said in his plea.Prajapati, who is an MLA from Gotegaon constituency of the state, raised a legal question in his petition whether the cap of 15 per cent of the total members of the legislative assembly would be determined as per the present members of the House, or the total seats in the House? If the number of seats was to be the determining factor, then the maximum cap of 15 per cent would be 34.5. If the cap is read as applicable to the total number of members of the assembly, then the maximum cap of 15 per cent would be 30.9/31 , the plea said.Prajapati said that it is an undisputed position that with two deaths and after the resignation of 22 MLAs from the legislative assembly, the seat of the assembly stood as 206 members and remaining 24 seats would undergo the process of fresh election.It is apparent that the respondents have misread and misinterpreted the dictum of Article 164 (1A) to be 15 per cent of the total seat of the assembly that is 230. Suffice it to say that the careful usage of the words shall not exceed fifteen per cent of the total number of members of the legislative assembly of the state as opposed to the total number of seats leads to the inescapable conclusion that the constitutional mandate is 15 per cent of the presently active members of the assembly in contradiction to the total number of seats , the plea said.It said that if the present approach of the respondents is held to be valid then the whole purpose and intent of resignation/ disqualification of a member under anti-defection law would stand vitiated.If the present approach is to be given effect to, it would lead to a situation where despite resignation or disqualification of members, the cabinet would continue to be constituted based merely on the total number of seats in the said House, thereby remaining oblivious and unconcerned with such defections and resignations, the plea said.It added, Suffice it to say that the effect of such defections and resignations would then be nugatory and otiose, and the same would lead to absurdity and surely cannot be the interpretation given to the Constitutional dictum of Article 164 (1A) .Prajapati said that to the best of his knowledge, these questions have not been answered authoritatively by any constitution bench of the top court, thereby requiring the intervention of the court in the present matter.He sought direction declaring that in the context of Article 164 (1A), the term total number of members of the legislative assembly would be interpreted and read as members present and sitting forming the seat of the house.He also sought direction to Chief Minister Shivraj Singh Chouhan to bring the numerical strength of the council of ministers in conformity with the maximum cap of 15 per cent as given in Article 164 (1A) of the Constitution.Next Storylast_img read more

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More than 54,000 citations issued in Maryland for passing school buses

first_imgmanonallard/iStock(MONTGOMERY COUNTY, Md.) — After more than 54,000 citations were issued last year in to drivers who blew past school buses with stop signs extended in Montgomery County, Maryland, all buses this year will be outfitted with safety cameras.Negligent drivers may see fines of up to $500, too, officials said.The Montgomery County Department of Police on Friday released footage of a dozen such incidents in the wake of releasing a video showing a 16-year-old girl being struck by a car as she made her way toward a school bus.The teen girl is seen being tossed onto the hood of the car, which reverses back toward the scene of the accident after the girl picked herself up and sprinted back toward the vehicle that dropped her off.Capt. Thomas Didone told ABC News the videos are being distributed in part to “warn and alert drivers, parents and school children of dangers.”“The failure by drivers to stop for school buses can result in catastrophic consequences,” the department said in a statement. “There is absolutely no reason to hurry and drive impatiently that is worth the loss of or injury to any of our children.”Copyright © 2019, ABC Radio. All rights reserved.last_img read more

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