FTSE edges down, Merlin Entertainments suffers collapse on poor summer trading

(qlmbusinessnews.com via uk.reuters.com — Tue, 17 Oct, 2017) London, UK —

LONDON (Reuters) – UK shares edged lower on Tuesday, with a flurry of trading updates animating early deals, such as tourist attractions operator Merlin Entertainments, which saw its shares collapse on disappointing summer sales.

The FTSE .FTSE had retreated 0.20 percent by 0839 GMT, barely moved by fresh data which showed British inflation rose to its highest level in more than five years and could make the Bank of England more likely to raise interest rates next month.

Shares in Merlin (MERL.L) plunged as much as 21 percent, its biggest fall ever, after the operator of Madame Tussauds waxworks blamed a series of attacks in Britain and unfavourable weather for a dip in trading in its key summer period.

“Given all this additional uncertainty we see less and less reasons to own the shares,” Liberum analysts said as the shares, trading at about 355p, touched three years low levels.

Mediclinic (MDCM.L) retreated 3.5 percent after a trading update and there was no bounce back for Convatec, still down 0.8 percent, after a profit warning triggered a sell-off on Monday and a 26.6 percent fall.

“While the market may be quiet, it is currently extremely intolerant of any company that dares to miss forecasts”, Chris Beauchamp, an IG market analyst, wrote about the slump of Convatec on Monday.

British education group Pearson (PSON.L) on the other hand was the FTSE 100 top performer, with a 5.2 percent rise, after it said it expected full-year operating profit to come in at the top half of its forecast range.

British challenger bank Virgin Money (VM.L) also shone after reporting gross mortgage lending of 6.5 billion pounds to the end of the third quarter and said it had seen robust customer demand due to low unemployment and a resilient housing market.

Investec analyst Ian Gordon said he expected the “stunning performance” to lead to new consensus upgrades on the stock.

Golba miner Rio Tinto (RIO.L) was up 0.3 percent after it said it lifted third quarter iron ore shipments by 6 percent after modernising its haulage railway in Australia’s outback.

British online fashion retailer ASOS (ASOS.L) which increased its outlook for sales growth in its 2018 financial year, saw its shares rise by 1 percent.

By Julien Ponthus

The Bubble Bros van tours the UK selling prosecco on tap

 

Bubble Bros bought a vintage Piaggio van and transformed it into a prosecco wagon, which serves bubbly on tap.

The three-wheeled vehicle tours the country together with the Bubble Bike, a motorbike with a sparkling wine bar in the sidecar. Stops include weddings, private partiers, and also festivals like Glastonbury.

Bubble Bros started catering in 2015 with 1 van. They now have 5 vans and 1 motorbike which are all road legal.

Their wine comes in barrels from the DOCG region of Italy, which stands for Controlled and Guaranteed Designation of Origin– a quality assurance label for Italian wines.

Meet the company where luxury and philanthropy go hand in hand

(qlmbusinessnews.com via livingit.euronews.com – – Sat, 14 Oct 2017) London, Uk – –

Want to spice up your next trip by making a contribution to the local population? You will return home with the best souvenir: the satisfaction of knowing you made a difference. An ever-growing group of socially engaged travelers has already changed thousands of people’s lives.

There is no better place to watch whales than the island where locals have strong cultural affinities with these beautiful marine creatures. In New Zeland, the indigenous Māori people have a long history with whales: local legend says that their ancestors arrived on the island on the back of a whale. The locals believe in a spiritual bond with the animals.

Today, this tribe happens to possess one of the most successful companies organizing whale watch tours, among other activities, in the local town of Kaikoura. In fact, the local community trust, founded in 1987 by four Maori families, has played a huge role in reviving the town’s declining economy. They have transformed Kaikoura into a leading eco-tourism destination and the Whale Watch Kaikoura became the largest employer of the season. The enterprise invests a huge part of their annual profit in supporting the community, education, employment, and protecting the environment.

The company offers up-close encounters with giant sperm whales and strives to minimise their impact on the environment. It also runs educational programmes on how to save the environment as well as eco-friendly activities for visitors, such as planting your own tree.

By Doloresz Katanich

 

The robot helping sick children explore the outside world

 

A rare genetic disorder often prevents 17-year-old Jade Gadd from leaving her house. Denied the normal life most teenagers enjoy, she is unable to go to school regularly and left feeling isolated. Recently, that has all begun to change with the help of a small robot, who takes her physical place in class, relays information and allows her to stay connected with her teachers and classmates.

Bruce Lee’s Top 10 Rules For Success

 

He was a martial artist, actor, teacher, and philosopher. He is widely considered to be one of the most influential martial artists of all time. He is often credited with helping change the way Asians were presented in American films. He’s Bruce Lee and here are his Top 10 Rules for success.

Blade Runner 2049 tracking to open domestically with between $45 million to $50 million

 

Blade Runner 2049 brought in $4 million last night at the North American box office. Variety reports over $800,000 came from IMAX screenings of the Denis Villeneuve-directed sequel, which stars Ryan Gosling and Harrison Ford. Blade Runner 2049 is tracking to open domestically this weekend with between $45 million to $50 million.

The interactive ping pong table with a digital twist to traditional table tennis

 

Wonderball is an interactive ping pong table which adds a digital twist to traditional table tennis.

The hi-tech table uses digital projectors and sensors which track the movements of the ball, allowing many different games to be played on it.

Wonderball can be played by up to 20 people at a time, allowing friends and spectators to join in and play together.

You can find the table in London bar Bounce Ping Pong.

Netflix streaming online giant to raise prices for subscribers

(qlmbusinessnews.com via uk.reuters.com — Fri, 6 Oct 2017) London, UK —

(Reuters) – Netflix Inc’s U.S. business announced the first rises in monthly fees in two years on Thursday, hiking costs for two of its three main subscription plans as it spends heavily on its own original content.

The company’s mid-range plan, which allows streaming on two devices at the same time, was increased to $10.99 per month from $9.99.

The top-tier plan, which allows streaming on four screens in high definition, was raised to $13.99 per month from $11.99. The basic plan fee remained at $7.99.

Shares in the global streaming pioneer rose as much as 4.5 percent to a record high of $192.80.

“Most investors believe that Netflix is priced well below its value to consumers and want to see the management continue to increase monetization,” Rob Sanderson analyst at MKM Partners said.

In 2011, Netflix raised prices for some customers by as much as $6, causing more than 800,000 U.S. subscribers to desert the service.

A more gradual move in 2014 did not provoke the same outrage.

Netflix is cheaper than many of its competitors despite the current price hike. HBO Now, the standalone streaming service of HBO that offers access to shows such as “Game of Thrones” and “Veep”, is priced at $14.99 a month, while Hulu prices its service without commercials at $11.99 per month.

“This price increase will likely be a revenue growth catalyst for the company,” RBC Capital Markets analyst Mark Mahaney wrote in a client note. “The content, not price, is the leading churn/churn-back factor amongst Netflix subs.”

The price hikes will only be in the United States and will start taking effect from mid-November, depending on users’ billing cycles.

“Angry Birds” Finnish company’s shares got off to a flying start

qlmbusinessnews.com via uk.reuters.com — Tue, 3 Oct 2017) London, UK —

HELSINKI (Reuters) – Rovio (ROVIO.HE), the maker of hit mobile game “Angry Birds,” will look to buy up other players in the gaming industry following its listing on Friday, its main owner Kaj Hed said.

The Finnish company’s shares got off to a flying start on their stock market debut, trading up as much as 7 percent from their initial public offering price (IPO) of 11.50 euros.

Hed, who cut his stake from 69 percent to 37 percent in the IPO, said Rovio now had more muscle to do deals in a gaming sector he believes is ripe for consolidation.

“We have a clear will to be a consolidator, and we are in a very good position to do that,” he told Reuters at Rovio’s headquarters by the Baltic Sea.

“Many good (gaming industry) players face the question of whether they should go public, or whether they should consolidate. Going public is expensive and requires hard work, so finding a partner could be easier.”

Analysts have long urged Rovio to do more to reduce its reliance on the “Angry Birds” franchise.

Hed, the uncle of Rovio’s co-founder Niklas Hed, said he remained strongly committed to the company.

“The reason that I sold shares was to give the company the liquidity, because that is very important. My intention is to remain as a long-term investor in the company.”

Rovio saw rapid growth after the 2009 launch of the original “Angry Birds” game, but it plunged to an operating loss and cut a third of its staff in 2015 due to a pick up in competition and a shift among consumers to freely available games.

But the 2016 release of 3D Hollywood movie “Angry Birds”, together with new games, have revived the brand and helped sales recover.

In the first half of this year, Rovio’s sales almost doubled from a year earlier to 153 million euros, while core profit increased to 42 million euros from 11 million.

Rovio’s market valuation of around 950 million euros ($1.12 billion), looks high based on Rovio’s historical profit, said Atte Riikola, an analyst at research firm Inderes.

“There seems to be initial demand for (the stock). But given that the IPO was multiple times oversubscribed, the share price reaction is not too dramatic,” he added.

“Profit growth is priced in, so they need to keep up the good performance which they had in the first half of the year.”

At 1135 GMT, Rovio shares were trading at 11.77 euros, off a high of 12.34 euros/

By Jussi Rosendahl

Additional reporting by Tuomas Forsell

25 Things You Didn’t Know About Money

 

We love money! We work hard to get it, spend it fast, always on the chase for more. As the famous lyrics say: money makes the world go round! But for something we use so frequently we know very little about. Let’s see how many of these you already knew!

1. 90% of the US dollar bills contain traces of cocaine!

2. The first Credit Card was created because of the embarrassment of a man who had to pay for dinner but forgot his wallet.

3. US Debt is 10 times larger than the US dollars in circulation.

4. All US$ coins and bills in circulation today are worth US$1.2 trillion.

5. Two thirds of that money is held overseas.

6. Paper money originated in China 1400 years ago.

7. Changing the $1 bill into a $1 coin would save the US 4.4 Billion in the next 30 years.

Boxing titan Mayweather’s networth explained

(qlmbusinessnews.com via independent.co.uk – – Sat, 30 Sept 2017) London, Uk – –

Mayweather has generated around 19.5m in PPV buys and $1.3bn in revenue throughout his career, with the McGregor fight likely to boost his career earnings over the $1bn mark

Floyd Mayweather is one of the biggest pay-per-view attractions of all time and one of a very elite group of athletes to see their career earnings nose above the $1bn mark.

A shrewd businessman and the greatest boxer of his generation — if not all time — Mayweather has been listed as the highest paid athlete in the world four times by the American business magazine Forbes.

Mayweather is so rich that he even changed his boxing identity to reflect his staggering wealth.

The American was known as “Pretty Boy” throughout his entire career, as a result of how little he got hit due to his superior defensive skills. But in 2007 before the biggest fight of his life against Oscar De La Hoya, Mayweather unleashed a new name: “Money.”

He is also known as the ‘PPV King’ due to his phenomenal success at the box office. His fight against Canelo Alvarez attracted over 2m buys and $150m (£116m) in revenue — but these numbers were dwarfed by his fight against Manny Pacquiao, with 4.6m buys and $400m (£308m) in revenue.

In total, he has attracted 19.5 buys and around $1.3bn in revenue.

But what is his estimated net worth? Who are his sponsors? And exactly how much money does he stand to make by fighting McGregor?

Here everything you need to know about Mayweather’s extraordinary financial muscle.

What is Mayweather’s estimated net worth?

Floyd Mayweather is one of the very richest athletes in the world, topping the Forbes and Sports Illustrated lists of the 50 highest-paid athletes of 2012 and 2013 respectively, and the Forbes list again in both 2014 and 2015.

Mayweather has generated just under 20m PPV buys and over $1bn in revenue throughout his career, surpassing the likes of former top boxers such as Mike Tyson, Evander Holyfield, Lennox Lewis, Oscar De La Hoya, and Manny Pacquiao. His PPV buys and revenue dwarf that of McGregor.

In 2016, the American business magazine Forbes reported that Mayweather banked $32 million (£25m) from his ‘retirement’ fight against Andre Berto fight to bring his career earnings to around $700 million (£540m).

Given that Mayweather made roughly $250 million (£193m) for the Pacquiao fight, it can be safely assumed that his career earnings will surpass $1bn this summer.

According to Forbes: “Another massive purse awits the five-division world champion in August for his boxing match versus UFC star Conor McGregor. If Mayweather can secure a similar payday to his 2015 Manny Pacquiao bout, it will push his career earnings to $1 billion.”

How many other athletes have made over $1bn during their careers?

Not many. The only other athletes to earn such a large amount of money during their sporting careers are basketball player Michael Jordan ($1.5bn) and Tiger Woods ($1.4bn), who both enjoyed a number of lucrative sponsorships, principally with Nike.

There are three others if you adjust for inflation: golfers Arnold Palmer and Jack Nicklaus, and seven-time Formula 1 world champion Michael Schumacher.

Who sponsors Mayweather?

Perhaps surprisingly, Mayweather doesn’t have that many active sponsorships. In 2015, he told Fortune magazine that this was not because brands were not interested in working with him, but because his baseline for entry is too high for most. How much does he demand? $1m.

This may only partially be the reason. Mayweather also has a chequered past, and has previously been charged with domestic violence and misdemeanor battery, which means that some brands may have been reluctant to work with him.

For the Pacquiao fight, three brands did decide to sponsor him however. Burger King, daily fantasy sports site FanDuel, and Swiss watchmaker Hublot all dished out over $1m.

Why did he split with Top Rank?

In 2007 Mayweather founded his own boxing promotional firm, Mayweather Promotions, after defecting from Bob Arum’s Top Rank.

He broke ties with Top Rank after activating a $750k (£578k) break clause, believing that he could make more money promoting his own fights.

It proved to be a shrewd choice: he earned pay checks ranging between $25m-$40m (£19.3m-£31m) over the next six years, before he broke new records for his fight against Canelo Alvarez, which netted him over $70m (£54m).

What has his richest fight been?

Until now, it has been the contest with Pacquiao. Mayweather is believed to have made $220m (£175m) from the contest, with the fight generating an incredible $600m (£470m) in revenues.

For his last fight, a unanimous points decision win against Andre Berto, he secured far less: $32m (£25m).

And how much does Mayweather stand to earn from this fight?

If the PPV stays roughly in line with the Mayweather v Pacquiao fight, the Mayweather v McGregor fight purse is likely to be worth around $390m (£300m). Total revenues are meanwhile expected to exceed $500m (£390m).

Somewhat unfortunately, the two men signed a confidentiality agreement when they signed their contracts, meaning the exact split will not be revealed.

We know that Mayweather is getting more however, with estimates ranging in the 70-75% region

By Luke Brown

Adorable baby white giraffe and mother sighted in Kenya

 

A pair of rare white giraffes have been spotted in Kenya.

The rare animals — a mother and baby — were discovered by villagers near the Ishaqbini conservancy in Garissa, eastern Kenya.

The giraffes are this colour because of a condition called leucism.

It’s different from being albino, which prevents animals and humans from producing any kind of pigment, as can be seen in their white skin and pink eyes, according to the National Geographic.

The steepest funicular railway in Europe has a 106% incline

 

Gelmerbahn in the canton of Bern, Switzerland, is the steepest funicular in Europe.

It has an inclination of up to 106% and a 1,028m (3,373ft) long track.

It takes you to the Gelmer Valley 1860m (6,102ft) above sea level, where you can enjoy some spectacular views.

The funicular was originally built to transport heavy construction materials.

Sand artists built the world’s tallest sandcastle

 

An international team of sand artists have built the world’s tallest sandcastle in Germany.

Travel company Schauinsland-Reisen initiated the project, hoping to bring the world record to Duisburg after the city’s attempt failed last year.

After almost a month of construction, the finished sandcastle stood at 16.68 metres and was officially recognised by Guinness World Records as the tallest sandcastle in the world.

Selfridges £99 luxury 24-carat gold leaf ice cream

 

Selfridges department store in London is selling a luxury ice cream for £99 which contains 24-carat gold leaf. The ice cream is called “Billionaire’s Soft Serve” and it weighs 350 grams. Here’s a run down of what you get for your money: Salted caramel gelato, a handmade cone dipped in rare criollo Madagascan dark chocolate, gelato spheres of mango, ginger, and passion fruit, a Belgian white chocolate truffle filled with salted caramel sauce, a raspberry sorbet macaroon decorated with white chocolate glaze and edible diamonds, a healthy sprinkling of 24-carat gold leaf, a golden flake, and a spoon.

 

25 of the Most Amazing Beaches to Add to Your Bucket List

 

25 places to add to your bucket list. Be sure to visit some of these amazing and beautiful beaches!

8- Navagio Beach, Greece – Also known as Smuggler’s Bay or Shipwreck Cove, this beach in Greece is picture perfect and has a very unique feel. That’s because, what is believed to be a shipwreck cigarette smuggling ship adorns the beach. This beach is very secluded, and you need to get a taxi-boat to get there.

7- Whitehaven Beach, Queensland, Australia – And speaking about secluded – this beach takes the cake. You can only access this pristine beach by registering with a tour guide, and even then you are only allowed entry for a few hours. The sand of Whitehaven Beach is really something special – it’s 98% pure silica, translation: you’d be hard-pressed to find a whiter beach.

6- Balos Beach, Greece – The colors of the water at Balos Beach are to die for. A swirl of pink, blues and turquoise make this beach’s waters some of the most beautiful in the world. Off the coast of Crete, this beach can get a bit smelly due to microorganisms in the muddy shallow water. But we would have to say that, for this kind of postcard perfection, it’s definitely worth it.

5- Rabbit Beach, Italy – When you look at Rabbit Beach, located in Lampedusa Italy, it’s hard to believe a place so beautiful actually exists. But, exist it does – and between the pure white cliffs, crystal clear waters and perfect weather – this beach is about as picture perfect as they come.

4- Grace Bay, Turks and Caicos Islands – The marine life at this beach is a must-see for any amateur Jacques Cousteau’s out there. A coral reef protects the beach and this is where many species of ocean life call home. If relaxing on the beach is more your speed, luckily it’s the perfect place for that, too.

3- Tulum, Mexico – This is definitely the perfect beach for anybody who likes a little something extra while on vacation. While visiting Tulum, you’ll be swimming in the shadow of ancient Mayan ruins. The beach is set right below a Mayan archeological ruin that hangs off the edge of a cliff. Talk about a view! And the smooth sand, blue-green waters and exceptional diving aren’t so bad either!

2- Anse de Grande Saline, St. Barths – This is the one and only nudist beach appearing on this list – although nudity is technically banned in St. Barth’s, this beach seems to be the exception to that rule. Although there’s little shade, the view from the beach of crystal clear waters and a perfect blue sky are totally worth it. There’s even an area behind the beach that is home to tropical birds.

1- Cabbage Beach, Paradise Island, Bahamas – Paradise Island is the perfect name – Cabbage Beach, not so much – but names aside, Cabbage Beach is definitely one of the most breathtaking beaches in the world. Because of its beauty, it does tend to get touristy, but take a quick walk down the beach and you can have that quiet moment you’ve been looking for.
What’s the most amazing beach you’ve ever been to? Let us know in the comments below! Don’t forget to like and subscribe to our channel for more videos like this one! Thanks for watching!