Posts Tagged ‘business’

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Lloyds Prices Rights Issue at 60% Discount[Money Making]

November 24, 2009

A rights issue is when a company issues new shares and sells them to existing shareholders at a discount to the listed share price.The shares are being sold at a discount of 59.5% to Monday’s closing price in order to raise £13.5bn from the sale thus avoid taking part in the government’s banking insurance scheme – the Asset Protection Scheme.Shares in Lloyds, which is 43%-owned by the government, were up 1% in morning trading.

A total of 36.5 billion new shares will be issued – that amounts to 1.34 new shares for every one already in existence.

The sheer number of new shares has raised fears that the value of each one will be diluted.

Robert Talbot from Royal London Asset Management said the company’s fate is ultimately linked to the performance of the UK economy.

“I think it puts them into a much stronger capital position to be able to withstand whatever lies ahead. The crucial question facing the bank over the next two to three years is what happens to the UK economy,” he said.

Lloyds has 2.8 million shareholders and Britain’s largest number of private investors. Shareholders will meet on Thursday in Birmingham to approve the plan.

It will cost the average shareholder £336.67 to take part in the share sale. They do not have to buy the new shares but if they do not they will see the stock that they already own diluted in value.

The rights issue is part of Lloyds’ wider plans to raise about £22.5bn overall.

It said on Monday that it had secured over £8.8bn from a bond issue.

source BBC
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Another Bankruptcy Tale : Marck Ecko

November 16, 2009
Marc Ecko Hosts "All In For Tikva" Casino Night

I didnt even seen it passing in my news channel, so many bankruptcy tales are going on thanks to the recession that  its  impossible to keep it up with all.While i was browsing the medialanscape to get my traditionnal morning news i stumbled up on an article from the NYP reporting the lost control of Marck Ecko’own brand last september of this year.

As reported the hip-hop clothing kingpin  signed over a 51 percent interest in the Marc Ecko brand to Iconix, a New York company that owns a slew of fashion brands including Joe Boxer, Candie’s, Rocawear and London Fog.Ecko this year had laid off workers and auctioned off his watch trademarks and Avirex brand to raise cash in order to pay creditors.

Why is that a surprise ? Marcko made his way through  fashion retailing because  at the time he had a very good concept and there was an untaped market for urban clothing.Since things has evolved, he became a big spending party boy wich itself has completely thrown him out of touch with the “real urban market”.As an economist told me once the sole key to make your business profitable is control and reduce small costs like paper, power, cars, leases, pen…its theses insignificants costs once managed that make your way to fortune.Hence why Si Newhouse canceled Conde Nast’s famous Christmas lunch for the second year in a row and  hired a crisis management expert to reduce drasticaly costs, read no more “Pellegrino, Orangina, Red Bull, Fidji water” for Condenast cafeteria.

Sources said Ecko is still struggling to lease out pieces of his luxurious 280,000- square-foot headquarters in Midtown, which houses everything from a recording studio to a basketball court.Basically, Marck Ekco is best single encapsulated by all the things you should avoid to do once you head a business.

“I’ve had a crazy, wild ride. I’ve done a lot of things that have been naive,” Ecko told The Post. “I’ll take my lumps for a lot of things that, in retrospect, were a little indulgent. Life happens. I don’t regret any of it.”

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Brazil takes off [how to sell magazines]

November 12, 2009

A sweet cover for A special report on Latin America’s big succcess story or how to sell magazines this year being an economic mess, the next year a deficit one.This week’s new edition of The Economist is now available online

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Save Money.Live Better

November 12, 2009

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Wal-Mart posts third-quarter earnings of $3.25 billion, an increase of 3.2% compared to last year.Desperates measures for desperates times, if you dont have any job lined up,they might have one for you : wal-mart greetings frau !

Informations at link
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Media Business ⇒ A Revolutionary Opportunity

November 12, 2009
San Francisco Chronicle Shifts To Glossy Look

It’s perfect time, the newspaper industry is in real trouble – a bunch are up for sale or miring chap 11 (bankruptcy). While Wall Street is remotely eyeing Washington for a cash deal, the medias business’ catastrophe is alone with nothing left but creative minds figuring out how they can reinvent themselves and dump some juicy news contents wherever, whenever we want. In case you missed the train , we are in the midst of real revolutionary times, a lot of things -Wall street’s financial “Coup d’Etat “, Iraq, Iran, Afghanistan- are happening around the world, which itself have been unthinkable one or two years ago.

Mario Garcia, The newspaper’s design goddess predicts that soon, a full media’s cadaver list as the market’s death kiss already brought out of whack The Rocky Mountain, The Seattle’s Sentinel and the San Francisco Chronicles will appear. A journalist by training, Mario has designed or redesigned over 547 newspapers during the past 40 years. He doesn’t only know how to stay fresh and edgy but also gives the most demanded tip in the business: staying healthy. In theses fantastic times for medias entrepreneurs, he urges us to rethink the way we operate and embrace news technologies. An openness that may lead us to do innovative products, hit the packs….

Here’s a hint of the fittest media business strategy for the next decade


Monday to Friday
: online contents & mobile news delivery would be the king
Week End : Premium Print edition

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One of the reason why the newspaper’s business is dying.

November 12, 2009

Vodpod videos no longer available.

more about “One of the reason why the newspaper’s…“, posted with vodpod

Instead of buying several costly advertsing pages in the us media landscape for their new campaign,the French water brand Evian has partnered with BETC 4D and launched a website site evianliveyoung.com

Called “Live Young”  and directed by the award-winning Michael Gracey, the video portray happy babies roller break-dancing to a remix of the hit “Rapper’s Delight” by hip-hop producer Dan the Automator.

Already 11,8 millions allows Evian, a global french brand, to reach consumers worldwide in a way that traditional media cannot.

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Live UK football for iPhone users [streaming revenues]

November 10, 2009
As Labor Talks Continue, NY Times Company Threatens To Shutter Boston Globe

Being surrounded by newsroom cuts, lay offs, everyone is wondering about the irritatingly future of the media industry,one even suggested to allow sports betting on newspaper Web sites case in point,some British newspapers make millions on betting games like Bingo.Another one,Arthur Gelb wondered about the virtue of getting some Vegas showgirls in the newsroom, doing a little performance and charging admission.Desperate measures for desperates times as Maureen Dowd put it so eloquently.

Because its a matter of facts,the british media BSkyB jumped the shark as they always do in term of innovative solutions and proposed their users to watch live sports on Sky Sports and ESPN as well as Sky News over a wi-fi connection for £6 a month.Smart Coup ! Just imagine millions of football fans in the UK with millions of Ipods watching in amazement Chelsea vs Barcelona; that’s called how to be a billoinnaire !

Maybe the newspaper industry should take a lesson from this: charging for mobile content delivery.With millions of phone users around the world they might have a chance to turn profitable !