Equinor’s production unaffected by strike

first_imgNorwegian oil firm Equinor has said the offshore workers’ strike in Norway has not affected Equinor’s operated oil and gas output on the Norwegian Continental Shelf.Credit – Harald Pettersen – Equinor – Snorre BTo remind, 669 rig and platform workers represented by the Norwegian union SAFE on Tuesday went on a strike following failed pay talks with the Norwegian Shipowners’ Association.This has affected several rigs and platforms, most notably Shell’s Knarr field.Namely, Teekay workers employed on the Knarr FPSO used for production at the Knarr field are also on a strike, which has forced Shell to shut the production from the field.Offshore Energy Today reached out to Equinor given that its Snorre B platform is on the strike list provided by SAFE.An Equinor spokesperson responded that the strike was affecting three rigs and one vessel on drilling and well intervention operations for Equinor on the Norwegian Shelf.“[The strike] has no effect on Equinor operated production,” the spokesperson said.Also, the spokesperson added that Equinor was not a party to the “conflict,” referring to the fact that the workers are actually at loggerheads with the offshore supply chain companies and offshore contractors.An Equinor spokesperson earlier told Reuters that drilling at the Snorre B had been stopped due to the strike, but that the production could run independently.Offshore Energy Today has earlier today reached out to both SAFE, and the Norwegian Shipowners’ Association, seeking more info on the matter. We have yet to receive a response.The workers striking are employed on offshore drilling rigs and production units, including Snorre B, Petrojarl Knarr, Transocean Spitsbergen, COSL Innovator, to name a few (see the full list here).They work for Odfjell Drilling, North Atlantic Drilling, Transocean, Teekay, Island Offshore, KCA Deutag, Archer, and SodexoIf a deal is not reached, SAFE said another 901 workers would go on strike on Sunday.Offshore Energy Today Stafflast_img read more

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Ellen A. (Cayton) Baer

first_imgEllen A. (Cayton) Baer, 61, of Aurora, Indiana, passed away Friday July 10, 2020 in Lawrenceburg, Indiana.She was born August 13, 1958 in Milan, IN, daughter of the late Dwight Cayton and Beulah (Wilson) Cayton.Ellen worked as a night Auditor for Rising Star Hotel.Ellen was an advocate for animal rights and human rights. She enjoyed going to dirt track races, especially with the late model cars.She is survived by her loving spouse Douglas Baer of Aurora, Indiana; children, Kristen Baer of Aurora, IN, and Derek Baer of Newport, KY.She was preceded in death by her parents.A celebration of life will be held on Saturday, August 1, 2020 from 10:00 am – 12:00 pm at the Aurora Pavillion, 415 Park Ave, Aurora, Indiana.A memorial services will follow at 12:00 pm. Following the service a Wake will take place from 1:00 – 3:00 pmA Graveside service will follow at 3:30 pm in the River View Cemetery, Aurora, Indiana.Contributions, in lieu of flowers, may be made to the PAWS of Dearborn County, American Cancer Society or Human Rights Campaign. If unable to attend services, please call the funeral home office at (812) 926-1450 and we will notify the family of your donation with a card.Due to the current situation dealing with COVID-19, we are following the directives from Governor Holcomb and the Centers for Disease Control and Prevention concerning large events and mass gatherings. The family deeply appreciates the support and love shown from friends, but the health and well being of everyone in our community is of top priority. We are asking everyone who will be in attendance to please remember the social distancing guidelines at all times, and the wearing of masks is highly recommended.Alternative ways to express your condolences can be done by going online at our website and leaving the family a message, sending a card, flowers, or making a donation in memory of their loved one.Visit: www.rullmans.comlast_img read more

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BVA Inter-School finale set for Monday

first_imgBy Colin Bynoe JrTHE Berbice Volleyball Association’s quest to identify new talents in the sport will intensify when the grand finale of its Inter-Secondary School tournament takes place on Monday.The day’s exciting match-ups will be played at the Port Mourant Training Centre with action starting at 09:30hrs.The tournament comprised four zones namely New Amsterdam/Canje, Lower Corentyne, Central Corentyne, and Upper Corentyne.The two top teams from each zones qualified for the grand finals.The schools who qualified in the male category are Skeldon High, Tagore Memorial, Central Corentyne Secondary, Black Bush Secondary, Corentyne Comprehensive High, Port Mourant Secondary, Berbice High School and New Amsterdam Secondary.The teams who qualified in the female category are: Line Path Secondary, Skeldon High, Central Corentyne Secondary, Manchester Secondary, Corentyne Comprehensive, Berbice High School and New Ansterdam Secondary.Trophies were sponsored by the National Sports Commission (NSC) and the BVA.last_img read more

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Update on the latest sports

first_img— The NBA has given teams a more definitive timetable for the restart to the season. It includes required coronavirus testing that is set to begin this month and mandatory individual workouts in early July before training camps. The league is still working on completing the health and safety protocols that will essentially become the rulebook for the restart at the Disney campus near Orlando, Florida. Talks with the players’ union on those matters are continuing.—The University of Houston is suspending all voluntary workouts for its athletes after six tested positive for COVID-19 with symptoms. Houston announced it was shutting down workouts due to “an abundance of caution” and an increase of positive tests in the greater Houston area over the last week. The school said the athletes, who were not identified, have been placed in isolation and medical staff is conducting contact-tracing procedure.— An unidentified Boston Bruins player has tested positive for COVID-19. General manager Don Sweeney says the player had not been a part of informal workouts with his teammates. The Bruins say the player was tested as a requirement to enter the team’s practice facility and came up positive. The player has not shown any COVID-19 symptoms. The Bruins say the player has since tested negative twice for the disease.— The Kentucky Derby Festival won’t have any large-scale events this year, including the highly popular Thunder Over Louisville air and fireworks show that leads off the run-up to the Kentucky Derby. The Kentucky Oaks for fillies and 146th Derby were postponed from May 1-2 to Sept. 4-5 because of the coronavirus pandemic. Thunder Over Louisville was rescheduled for August, but Festival organizers announced last night that the air show and events such as the miniMarathon and Pegasus Parade are off.— Formula One races in Azerbaijan, Singapore and Japan have been canceled because of issues arising from the coronavirus pandemic. The sport’s governing body says it still hopes to deliver up to 18 races in the rearranged 2020 season. The first eight have already been confirmed and they start with a double-header in Austria in early July. The races in Azerbaijan and Singapore use street circuits and require long lead times to construct them. The Japanese Grand Prix was canceled because of ongoing travel restrictions during the pandemic. That was scheduled for Oct. 11. CINCINNATI (AP) — Marge Schott’s slurs and other offensive comments while she owned the Cincinnati Reds have organizations in her hometown reconsidering the use of her name on facilities that benefited from her donations.Schott died in 2004, but her name is still prominent in the community. Most of her estate went to a foundation that funds a wide range of philanthropic ventures. Her name is featured on many facilities, from the Cincinnati Zoo to a baseball stadium on the University of Cincinnati’s campus.Calls for racial justice following George Floyd’s death have renewed questions about how to remember Schott, who was repeatedly suspended and ultimately ousted by Major League Baseball over her slurs and praise for Adolf Hitler.A Catholic high school this week became the first to remove her name from facilities. Associated Press — The Court of Arbitration for Sport says it has dismissed appeals by two Swiss soccer clubs who wanted to complete their league season despite the coronavirus pandemic. The Swiss soccer association voided the seasons of all leagues below the second division and scrapped promotion from the third division. Third-division league leader Yverdon Sport asked CAS to approve its promotion and both Yverdon and second-place Rapperswil-Jona appealed to the court to order the season restarted. The court says the Swiss soccer body did not violate its rules and dismissed the appeals one day after a fast-track hearing was held Thursday.— English Premier League jerseys will feature “Black Lives Matter” instead of player names for the first 12 games after the competition’s shutdown ends on Wednesday. The movement’s campaign logo will then feature elsewhere on jerseys through the July 26 conclusion of the pandemic-delayed season as players decided to highlight racial injustice following the police killing of George Floyd in Minneapolis last month. The Premier League also announced it would support players taking a knee at matches.— The head of the Tokyo Olympics says 80% of the facilities needed for next year’s games have “basic approval” to be used. But organizing committee president Yoshiro Mori says “there are also venues that already have reservations from other users for next year.” Organizers say that two of the largest venues needed for the Olympics have not yet been secured. They are the 5,000-apartment Athletes Village and the Tokyo Big Sight. That is the venue for the main press center. Organizers are also still unable to say what the delay caused by the coronavirus pandemic will cost and who will pay.PGA-COLONIALVarner has 1-shot lead over Spieth, DeChambeau Hilton Head field stacked with winners, but no Tiger WoodsHILTON HEAD ISLAND, S.C. (AP) — The field for the RBC Heritage next week includes 114 players who have won on the PGA Tour, the most of any event since the tour began keeping track in 2000.It just doesn’t have Tiger Woods.For the second straight week, the top five in the world will be competing as golf resumes its schedule from the COVID-19 pandemic shutdown that began in March.Rory McIlroy, the world’s No. 1 player, will be at Hilton Head for the first time since 2009. Brooks Koepka will be playing for the first time. The law goes into effect in July 2021. By then, both the NCAA and Congress could have national legislation in place to lift restrictions on college athletes being paid for the use of their names, images and likenesses. Florida is the third state, joining California and Colorado, to pass a law targeting current NCAA rules that restrict college athlete compensation. Florida’s law goes into effect 18 months earlier than the other two.NCAA-ELECTION DAYNCAA encourages day off from college sports on election dayUNDATED (AP) — The NCAA is encouraging its 1,100 member colleges and universities to give athletes the day off from sports on election day.In response to nationwide protests of police brutality and racial injustice, Georgia Tech announced earlier this week it was giving nine fall sports teams a day off from athletic activities on Nov. 3 so athletes can vote in person. UCLA followed with a similar announcement. June 13, 2020 Woods only played Hilton Head one time, in 1999. It was thought he might return at Hilton Head, especially with no likely appearances for him until the Memorial on July 16-19. Speculation increased when a marine tracking site indicated his yacht “Privacy” was just off the Georgia coast near Sea Island.But there could be family obligations as his daughter’s 13th birthday is Thursday.AMERICA PROTESTS-TEXASTexas athletes: Rename buildings, drop ‘The Eyes of Texas’AUSTIN, Texas (AP) — A group of University of Texas football players and athletes across several sports called on the school Friday to rename several campus buildings, change the traditional school song and donate a percentage of athletic department revenue to organizations supporting the Black Lives Matter movement.center_img Update on the latest sports FORT WORTH, Texas (AP) — Harold Varner III took his place in history in the PGA Tour’s technology era, all because of a triple bogey.Jordan Spieth had his lowest 36-hole score in four years. Rory McIlroy shot 63 with a bogey on his last hole. The strongest field of the year in golf’s return to competition produced an All-Star leaderboard at the Charles Schwab Challenge.Varner had plenty of juices flowing after his first tee shot on No. 10 went onto a bridge, led to a one-shot penalty, and eventually a triple bogey that quickly knocked him out of a share of the lead. No worries. He answered with eight birdies and a place in the record book with a 66. It was the lowest score on the PGA Tour by a player who began his round with a triple bogey. He was at 11-under 129, the lowest 36-hole score of his career. He heads into the third round with a one-shot lead over Spieth and Bryson DeChambeau.The PGA Tour has returned after three months because of the pandemic. And if the opening round felt like the first day of school, Friday was a small step toward normalcy, even without fans.PGA-FBC HERITAGE Players would get 70% of their prorated salaries during the regular season and the rest for completion of the postseason. The players’ last offer was for an 89-game regular season at full prorated pay.MLB proposed that players be guaranteed about $1.25 billion in salaries, earn an additional $200 million if the postseason is completed plus a $50 million postseason players’ pool even if no tickets are sold.The union’s proposal would guarantee players $2.2 billion. Before the new coronavirus caused opening day to be pushed back from March 26, salaries had been set to total $4 billion.Players have insisted they receive 100% of their prorated salaries, the terms the sides agreed to in March. But MLB told the union that playing in empty ballparks without gate revenue would cause a loss of $640,000 for each additional game played and that teams can’t afford 100% prorated pay. The union has said it doubts MLB’s figures but has not received sufficient financial disclosure to make a full evaluation.In other news related to the coronavirus pandemic: Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-SPORTSMLB offers players 80% of prorated salaries, 72-game seasonUNDATED (AP) — Major League Baseball has offered players 80% of their prorated salaries and a 72-game schedule starting July 14 in an effort to start the pandemic-delayed season. That’s according to details of the proposal obtained Friday by The Associated Press. At other schools, coaches and players have organized team-wide voter registration efforts, marches and rallies.The protests were sparked by the death of George Floyd, a handcuffed black man who who died after a white Minneapolis police officer pressed his knee into Floyd’s neck for several minutes.The NCAA did not mandate a day off for athletes on election day, but instead encouraged schools to assist students in registering to vote and give them a day off from athletics.CINCINNATI-SCHOTT’S NAMEWhat’s in a name? Cincinnati grapples with Marge Schott The letter said it was sent on behalf of the Longhorn “student athlete body.” It said the football team will participate in all required team activities ahead of the upcoming season, but players would not aid in recruiting future players or participate in alumni events.The two-page, unsigned note posted on social media accounts of dozens of Longhorns athletes noted the school’s motto of “What starts here changes the world.” It said the group was moved to issue its call for campus changes after protests erupted nationwide following the death of George Floyd while in the custody of Minneapolis police.NCAA-COMPENSATING ATHLETESFlorida governor signs college athlete compensation billTALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis has signed into law a bill that would allow college athletes in the state to earn money from endorsement deals.last_img read more

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Persaud returns to winners’ circle of GuyanaNRA

first_imgPETER Persaud returned to the winners’ circle of the Guyana National Rifle Association (GuyanaNRA) following last weekend’s Record shoot.The Fullbore shooters continued to do battle with the elements at the Timehri Rifle Ranges and Persaud returned a score of 81.5.He returned to the winning row, having won the season’s opening Record Shoot.Persaud shot 34.2 at the 300 yards and 47.3 at the 600 yards. Sherwin Felicien was close by with 79.6, shooting 32.2 at 300 yards and 47.4 at 600 yards.Veteran shooter Leo Romalho was third with 78.5. Having won the 300 yards with 34.4 he was unable to hold the lead on the 600 yards range, shooting 44.1 out of 50.The 600 yards proved to be very challenging as only two shooters were over the 45-point score line.Other scores were as follows: Ransford Goodluck 78.1, Dylan Fields 76.1, Lennox Braithwaite 75.5, Dane Blair 70.1 and Lt. Col Terrence Stuart 60.2.The Timehri Ranges is presenting varying conditions each week, which the sharpshooters are trying to overcome.However, this makes the shooting more challenging and interesting for them.These conditions will certainly work well for the shooters who will be attending the international shoots in a few months.This weekend the sharpshooters will compete for the Spoon Shoot prize.last_img read more

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Trojan offense is ready to take on challenge of Alabama defense

first_imgOctober 24, 2015: Zach Banner #73 of the USC Trojans in action during a 42-24 victory over the Utah Utes at the Los Angeles Memorial Coliseum in Los Angeles,CA. John Pyle/CSMThe Trojans take part in an exciting opening weekend of college football as they take on the defending national champion and No. 1 Alabama Crimson Tide. Though there are some questions on the defensive line for the No. 20 Trojans, the offense is expected to be a thrill to watch.QuarterbackFormer Gatorade High School Player of the Year, redshirt junior Max Browne, leads the Trojan offense this year after receiving the nod to secure the starting quarterback position just over a week ago. Though Browne has minimal experience playing during the season, many, including teammates and coaches, have confidence that Browne can lead them to a more favorable season than last year. Browne is not only more mobile than his predecessor Cody Kessler, but has the ability to throw the ball deep down the field, something both Browne and the receiving core will look to exploit against the Alabama secondary. Wide ReceiversJunior JuJu Smith-Schuster had a phenomenal season last year with 89 catches for a team-best 1,454 yards despite not being completely healthy. Smith-Schuster broke his hand against Cal, had surgery two days later and then completed the entire rest of the season. He is considered to be a legitimate contender for the Biletnikoff Award this season. With the national spotlight on the preseason All-American candidate, it will be the responsibility of the other receivers to step up and contribute to the offense. Senior Darreus Rogers and redshirt junior Steven Mitchell Jr. must step into their roles as leaders this season. Mitchell averaged 9.1 yards per catch last season but needs to expand his ability to be a threat down the field and force the defense to play honest. Rogers has talent and great hands as a receiver who averaged 10.3 yards per catch last season but needs to take advantage of the single coverage Smith-Schuster’s presence on the field creates. If Rogers can step up on third down through plays he has shown capable of making, USC will be substantially more effective, especially in the red-zone. Offensive LineLast season the Trojan offensive line was considered suspect, though it was an injury-plagued year. Regardless of reasoning, last season the offensive line allowed 38 total sacks — one of the highest in the country. This season, with so many players earning valuable experience last season, the offensive line is expected to be one of the most talented in the country.At Friday’s press conference, Helton quickly pointed to the offensive line when asked what advantages the Trojans have going into the season, “Three junior guards and three backups being juniors — it just feels like a lot of experience on the offensive line.”Ball CarriersThe improvement on the offensive line will benefit an already talented backfield composed of senior tailback Justin Davis and sophomore tailback Ronald Jones II. Last season the Trojans rushed an average of 168 yards per game and look to increase the number exponentially this season. With improvements to the offensive line and experience and health on Davis and Jones’ side, they will look to test the talented Alabama defensive front.The Trojans are a 10-point underdog going into the game. However, they have a chance to truly compete if the offense plays to the level they are able to. The game kicks off at 5:00 p.m. PST Saturday on ABC at AT&T Stadium in Dallas.last_img read more

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JT Daniels delivers in debut as No. 15 USC defeats UNLV in season opener

first_imgAll eyes were set on JT Daniels. The true freshman quarterback who reclassified to come to USC a year early, had been hyped up since he committed to USC. It all came together in the second half, where No. 15 USC outscored UNLV 24-7 to take a 43-21 win on Saturday at the Coliseum in the season opener. Daniels struggled to put his experience into words.“It’s goosebumps, running out there and seeing the whole stadium, all these fans and you run out there with all your teammates,” Daniels said. “It’s hard to put into words what it’s like to run out there and they’re cheering for you. It’s my first time in the Coliseum, it was really magical.”The first half was frustrating for the USC offense. Several long winded drives resulted in field goals.“I thought [sophomore kicker Chase McGrath] did a wonderful job,” Helton said. “That’s 15 points. But we will look it as ‘That’s five opportunities to not get a touchdown.’”Daniels finished with 282 yards, completing 22 of 35 passes and one touchdown throw, a 43-yard connection with freshman wide receiver Amon-Ra St. Brown, who finished with seven catches for 98 yards in his college debut. USC drew first blood on a 46-yard field goal from sophomore kicker Chase McGrath. The Trojans started their drive after senior linebacker Porter Gustin recovered a fumble forced by redshirt freshman safety Isaiah Pola-Mao on the first play of the game. Pola-Mao, in his first start, filled in for sophomore Bubba Bolden who was removed from the starting lineup on Thursday.It wasn’t until USC’s third drive that Daniels started to look comfortable. Two big gains on receptions to St. Brown and redshirt sophomore Trevon Sidney helped move the Trojans down the field. However, the Trojans had to settle for their second field goal.The Trojans lead didn’t last long. Quickly after the Trojans second score, UNLV senior running back Lexington Thomas stole the lead back with a 71-yard rushing touchdown. The remainder of the first quarter was scoreless and USC trailed 7-6. The first breath of offensive life was sparked after a 73-yard kick return from Carr. An offensive pass interference call pushed the Trojans back 15 yards which prevented them from finding a first down. Once again the Trojans had to rely on McGrath to cut into UNLV’s lead. “[We need to improve on] making our plays. I was proud of the quarterbacks today for giving the receivers the opportunity to make plays,” Helton said. “Those guys are supermen and they’ll tell you, they expect to make all of them. We know we can do better bringing the ball down.”Contrasting UNLV, USC’s scoring chances came off long drives; USC’s first touchdown was no different. The 79-yard, eight play drive was concluded with a two yard rushing touchdown from  Malepeai — the first of his career.At the end of the first half USC lead the Rebels 19-14. The chemistry between the two Mater Dei newcomers, Daniels and St. Brown, was evident as Daniels completed six passes to St. Brown at half while no other receiver caught more than two passes. The start of the second half for the USC offense was similar to the first: long drives ending in assistance from the special teams unit and inconsistent passes. The caveat for USC was that the defense was able to limit UNLV’s drives. Coming into the game, Helton and Co. knew that the dynamic ability of sophomore quarterback Armani Rogers would be a threat. For the most part, the USC defense did a solid job keeping Rogers within the pocket and preventing big gains. The fourth quarter opened with a bang as the dynamic Mater Dei duo connected on a 43-yard touchdown pass, marking their first collegiate touchdowns” on the first play of the quarter to extend the Trojans’ lead to 26-14. The following drive kept the fire burning. Following a overturned fumble call, Daniels targeted Sidney for a 41-yard gain to break into the red zone. Ware capped off the quick drive with a 15-yard run to extend the Trojans’ lead 33-14 and put the game out of reach. “It feels really good to get my first touchdown, my first game and first win,” Daniels said. “It was a great day for the defense and the special teams. The run and pass game came along. The first [touchdown] being [St. Brown] is really cool.”In the final minutes of the battle Malepeai drove in his second touchdown of the game to extend the Trojans’ lead by another seven points. Following the touchdown McGrath landed another field goal marking his fifth on the night and tying a school record. While the start of the game was rough, Helton was satisfied with the overall performance of his squad.“The thing I’m really happy about is that game could’ve gone a different way if we didn’t play clean football,” he said. “No turnovers, only four penalties for 38 yards. When you’re not getting chemistry, don’t add fuel to the fire. The kids just stayed patient, they didn’t make mistakes, they didn’t make the critical errors. They played nice, sound football and let it come to them.”The USC Trojans will travel to NorCal for “The Weekender” where they will play No. 13 Stanford next week. The Cardinal and Trojans will both enter the game with a 1-0 record as they both compete for Pac-12 dominance.last_img read more

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UBA Wins 2018 Nigeria Bankers Games Football Title

first_imgThe 2018 edition of the Nigeria Bankers Games came to a climax at the weekend at the YabaTech Sports Complex, Yaba,  as United Bank for Africa (UBA) emerged champions of football event the of Games.Samir Bello capitalised on Fidelity Bank defensive blunder late in the second half to give UBA their first football gold since 2014.The colourful closing ceremony was graced by Mr. Tony Elumelu – Chairman, UBA, Nnamdi Okonkwo – Managing Director Fidelity Bank, Desmond Anumkua – Divisional Head, Internal Control Compliance, Fidelity Bank, Charles Aigbe – Divisional Head, Corporate Communications, Fidelity Bank, Shina Atilola – Group head, Strategy and Innovation, Sterling Bank, Atilade Adeyinka – Unit Head, IT Budget and Control Management, FCMB, Uyi Uhunmwangho – Team Manager, Stanbic IBTC and Corporate Nigeria Hall of Famers – Eric Iruh, Theo Amadi, Lekan Olanrewaju, Mustapha Kayode Abdulrasheed, Kayode Agbalaja and Andrew Enebeli. The event kicked off with a novelty match between the Corporate Nigeria Hall of Famers and auditing firm – KPMG in what was their first involvement in the Corporate Nigeria Games. Rasheed Kayode got two goals for the hall of famers before Busayo Olomolaye pulled one back for KPMG. The match ended two goals to one in favourof the Hall of Famers.In the third place match, 2017 second runner-up – FCMB pipped Union Bank by a lone goal. Opatoki Emmanuel cross found FCMB’s talisman Nsikak Ekanem who beat the goalkeeper with a header to pick the bronze medal.The closing ceremony also witnessed the finals of the athletics event. In the 100metres, Alaekwe Chidozie of Sterling Bank claimed gold in the male category, while Sharon John-Akachi of Fidelity Bank picked the gold in the female category.In the 200 metres, Mujeeb Oguntowo won gold for Stanbic IBTC in the male category, just as Kodoye Ayakuralere of UBA won the gold medal in the female category.The 4×100 metres relay saw the Sterling Bank team win gold in the female category with UBA clinching the gold in the male category.Meanwhile, Fidelity Bank emerged overall champions with a total of seven gold, seven silver and five bronze medals. The bank has now won the games for the fourth consecutive time.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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‘Strong Progress’…Ladbrokes Coral H1 2017 results bolstered by digital betting boost

first_img GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 StumbleUpon Related Articles Share Reporting its 2017 H1 results (period ending 30 June), FTSE-listed Ladbrokes Coral Plc has declared that the integration process between the two operators, ‘has continued at pace’ and enabled ‘significant improvements in operational efficiency.’Reaping the benefits of a hike in digital betting, Ladbrokes Coral reported digital net revenue of £374.5 million, a 17% rise on the results of a tough 2016 comparable period, with a 21% increase if excluding Euro 2016. After the completion of its £2.3 billion merger last summer, the group declared operating profits of £158.3 million up 7% on the previous set of results, with overall group revenue rising 1% to £1.19 billion.The firm’s continued digital growth, would offset a tough opening H1 2017 period for its retail betting division which recorded declines across its KPIs, posting a 10% decline in pro-forma operating profits of £102 million. Ladbrokes Coral governance has informed that its enlarged retail division is undertaking a ‘planned actions’ to improve profitability.Looking ahead, Ladbrokes Coral CEO Jim Mullen said: “Ladbrokes Coral continues to make good operational and financial progress. We entered the year with ambitious targets for the first half to substantially complete the integration of our teams and migrate UK Digital to a single platform.  We delivered on both fronts and at the same time kept the business moving forward.“It is pleasing to report strong digital growth.  UK retail performance is in line with our expectations given the planned commercial decisions on UK racing media rights and Ladbrokes’ horse racing margin, both of which will protect the profitability of our shop estate well into the future.“The business is now looking to the second half with confidence. Following the digital platform migration, the product pipeline is flowing again with some exciting enhancements arriving in time for the new football season” Mullen added.   “A new model aimed at optimising our online customer acquisition marketing mix is already driving improved effectiveness, supporting enhanced returns on investment through a focus on higher value customers. Finally, the synergies from our recent merger step-up substantially in the second half to deliver a full year saving of £45m.”Ladbrokes Coral H1 2017 Overview FSB selects Glenn Elliott as new COO August 12, 2020 SportCaller teams up with Coral for Racing Super Series launch August 12, 2020 Submit Sharelast_img read more

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