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...Company insiders fear the loss of revenue could reduce funding to the lottery’s 12 associated charities, which totalled £1.8bn in the year to the end of March 2023....
...bid for UK-listed FirstGroup last year, which was rejected as “significantly undervaluing” the rail and bus operator....
...Under existing arrangements each operator is paid a fixed fee of 0.5 per cent of its operating cost base, with the chance to earn an additional 1.5 per cent if it hits performance targets ranging from punctuality...
...The incoming operator of Britain’s National Lottery said it expects to initially fall short of promises it made bidding for the lucrative government contract as it prepares to take control of the country...
...The company said the restructuring would require £1.25bn of investment and would be contingent on securing some state support....
...Travel company Viking Holdings expects to raise up to $1.1bn in its initial public offering in the US, as the market for listings heats up after two years of subdued activity....
...To mark the 911’s 60th anniversary, Porsche has created a limited S/T edition of 1,963 cars aimed at purists (from £254,000; for an additional £10,400 you can throw in a 60th anniversary 1-911 S/T chronograph...
...The company earned $1.77 an adjusted share for the first quarter, beating analysts’ expectations of $1.33 a share and the net loss of 23 cents in the same quarter last year...
...Ford estimated that the pipeline for new trains in the UK would require £1.5bn in funding per year, which will continue to be financed by the private sector....
...Morgan Stanley analysts have previously noted a key challenge for aircraft operators looms in navigating tightly controlled air space restrictions, especially in and around urban areas....
...The merger, which is expected to create Britain’s largest mobile operator, would reduce the number of UK operators from four to three....
...If the case is successful, someone who held a contract with one of the mobile operators could receive up to £1,823....
...From 2009 to 2023, overall European hotel supply grew at an annual compound growth rate of 1.3 per cent, according to CBRE....
...Shurgard, which describes itself as “the largest developer, owner and operator of self-storage facilities in Europe”, said it would pay 1,110 pence a share in cash to acquire Lok’nStore, a 16 per cent premium...
...But under the system brought in during the pandemic, the government pays all train operators a fee — typically between 1 to 2 per cent of their cost base — to run trains to tightly specified instructions...
...Mainland Chinese utility operator ENN Energy and local lender Hang Seng bank were also among the strongest performers....
...GMB union said more than 1,000 members walked out at an Amazon warehouse in Coventry last month as the company prepared for the Black Friday sales, a critical period for the online retailer, after staff...
...So if I lose $4 million in the junkets, I only need to make $1 million in mass to recover it. Because it’s four times more profitable.”...
...The tech-dominated Nasdaq Composite added 0.1 per cent. Shares in Amazon, Microsoft, Meta, Nvidia and Alphabet rose while Tesla and Apple lost ground....
...In recent years, LSEG has transformed from being a stock exchange operator to focusing on providing financial data to traders, asset managers and other industry professionals....
...The UK competition regulator launched its initial “phase 1” formal probe in January, after seeking views on whether the deal would harm competition....
...Digital operator, Paul Allister. Stylist’s assistants, Fainche Burke and Suzannah Snow. Production, The Good Company Represents...
...This maximum fee of £31.7mn per year is equivalent to a margin of around 1.85 per cent of its cost base....
...The tech-dominated Nasdaq Composite added 0.1 per cent....
...The lower three quartiles fall within the range of 0.0 to 0.1 per cent of GDP; the top quartile has a frankly absurd range of 0.1 to 2.5 per cent of GDP. That’s the Seychelles effect....
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