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IHG boss to quit after his 6-year reign

first_imgWednesday 16 March 2011 8:35 pm whatsapp Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap KCS-content Share Show Comments ▼ INTERCONTINENTAL Hotels Group (IHG) yesterday made the shock announcement that chief executive Andy Cosslett would stand down and hand over the reins of power to finance boss Richard Solomons. The move triggered a flurry of calls to the company’s top ten investors to reassure them that it was “business as usual” despite the resignation of its leader. Cosslett has led the world’s largest hotel group for six years and steered it through a multi-billion dollar overhaul of its Holiday Inn brand. He said yesterday that he felt that the time was right to stand aside, while leaving the company “in good shape”. Cosslett, who will leave the company in June, revealed that he would not be receiving any extra payment beyond his pension pot worth £2.6m and the company shares he had accrued worth a further £8.6m at yesterday’s price. “I have no immediate plans (for work) and will give it a few months to assess my options,” said Cosslett. He said that jetting across the world for business had taken its toll.“It is hard, but that’s not the reason I am going. I think I have achieved what I set out to do,” he added.Chief financial officer Richard Solomons works closely with Cosslett and was described as a “natural successor” by IHG chairman David Webster. IHG’s shares fell 27p to 1,228p. whatsapp IHG boss to quit after his 6-year reign last_img

PA online wagering handle hits $241.2m in October

first_imgCasino & games Regions: US Pennsylvania AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 19th November 2019 | By contenteditor PA online wagering handle hits $241.2m in October The Pennsylvania Gaming Control Board (PGCB) has reported a 0.4% month-on-month increase in sports betting revenue to $14.9m (£11.5m/€13.5m) for October, while igaming revenue was also up 19.5% to $4.9m for the month.Overall sports betting revenue was up slightly from $14.88m in September, while players spent 24% more ($241.2m) during October than in the previous month ($194.5m).Online was the primary source of sports betting revenue for licensed operators in the state by some margin, with online revenue for the month amounting to $10.3m, up 11.2% from September.The PGCB also noted a month-on-month hike in retail revenue, with this rising 23.9% from $4.6m in September to $5.7m in October.Read the full story on iGB North America.Image: Paul Hamiltoncenter_img Subscribe to the iGaming newsletter Topics: Casino & games Finance Sports betting The Pennsylvania Gaming Control Board (PGCB) has reported a 0.4% month-on-month increase in sports betting revenue to $14.9m (£11.5m/€13.5m) for October, while igaming revenue was also up 19.5% to $4.9m for the month. Email Addresslast_img

Julius Berger Nigeria Plc (JBERGE.ng) Q12019 Interim Report

first_imgJulius Berger Nigeria Plc (JBERGE.ng) listed on the Nigerian Stock Exchange under the Engineering sector has released it’s 2019 interim results for the first quarter.For more information about Julius Berger Nigeria Plc (JBERGE.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Julius Berger Nigeria Plc (JBERGE.ng) company page on AfricanFinancials.Document: Julius Berger Nigeria Plc (JBERGE.ng)  2019 interim results for the first quarter.Company ProfileJulius Berger Nigeria Plc is a civil engineering and construction company in Nigeria. The company is involved in the planning, design and construction of major civil engineering and civil works which encompasses office and functional buildings, residential houses, sports and recreational facilities as well as infrastructure such as roads, bridges, railway lines, airports, dams and water supply schemes. Julius Berger Nigeria Plc has business interests in the plants and factories, oil and gas, marine, ports and shipping and power sectors. The company’s pioneer project was the construction of the Eko Bridge in Lagos in 1964. The company’s head office is in Abuja, Nigeria. Julius Berger Nigeria Plc is listed on the Nigerian Stock Exchangelast_img

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