Taxpayer set to earn £30bn from bailouts

first_imgMonday 30 August 2010 8:58 pm Share whatsapp whatsapp Tags: NULL THE government is set to make almost £30bn from its emergency bailout of British banks, according to new research out today. At the time of the bailout, some observers predicted the taxpayer would end up nursing losses of around £850bn. But The Banker magazine says a combination of recovering profits, rising equity markets and fees charged on loans and guarantees will net the government a massive £30bn profit. British taxpayers are currently breaking even on their 83.2 per cent holding in Royal Bank of Scotland (RBS) and 41.3 per cent shareholding in Lloyds Banking Group when dividends and other earnings are taken into account.If the equity market rises in line with economic growth, the taxpayer is likely to see a paper profit of £19bn within five years, according to an estimate by the Centre for Economics and Business Research. A further £8bn will be due from fees for loans, bond guarantees and the Asset Protection Scheme (APS). Lloyds paid £2.5bn to join the APS, even though it did not ultimately participate. And RBS has so far paid £1.4bn for the guarantee, although losses are unlikely to be large enough to require taxpayer money. Taxpayer set to earn £30bn from bailouts Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof KCS-content Show Comments ▼last_img read more

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Saturated sat nav market hits sales

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times KCS-content More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comConnecticut man dies after crashing Harley into live bearnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com EVERY driver seems to own a sat nav these days. Sitting in night-time traffic is like being at a festival with everyone holding their lighters in the air, each car emitting an unearthly glow from the dashboard. Their popularity accounts for the scorching growth rate of sat nav makers in recent years, but their ubiquity explains why the market is becoming saturated: selling prices and volumes are falling. With makers like Tom Tom operating on wafer-thin margins, retailers like Halfords are feeling the pinch. Indeed, Halfords saw sat nav sales decline by 16 per cent in its first half, partly accounting for lacklustre trading across the business, with overall like-for-likes off 2.1 per cent.There is no such explanation for the poor sales of bikes, which fell by five per cent in the second quarter. Halfords’ promise to “realign the range and pricing of cycles” suggests it simply didn’t have what consumers wanted, something that needs to be rectified. Because there is massive scope for bike sales in years to come. Politicians like Boris Johnson are trying to turn us into a nation of cyclers, but there is still some way to go. According to Eurobarometer, just 9.1 per cent of London commuters cycle to work, compared to 18.7 per cent in Stockholm, 45.6 per cent in Amsterdam and 59.5 per cent in Copenhagen. This means that Halfords should have a bright future. Management will have to make a Herculean effort on costs to meet full-year profit guidance of around £136m. But it will also have to refresh its bike range and replace falling sat nav revenue if it wants to dismiss the first half as a short-term blip. whatsapp Tags: NULLcenter_img whatsapp Saturated sat nav market hits sales Share Show Comments ▼ Thursday 7 October 2010 8:08 pmlast_img read more

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Primark warns over rising cotton prices

first_img whatsapp Primark warns over rising cotton prices Tuesday 9 November 2010 4:48 am Share Primark owner Associated British Foods warned the sharp hike in cotton prices will hit margins at its discount fashion chain as it beat forecasts with a 25 per cent rise in full-year earnings.Chief executive George Weston said that Primark will not surrender its price leadership status in clothing and will take a hit to its profit margin to soften the blow for its customers from the recent doubling in cotton prices.“We will remain the price leader, there is no doubt that we will not surrender this position. We don’t expect the cotton price to affect sales growth but it will affect the margin in the short term,” Weston told a annual results briefing.Primark’s 204 stores showed a rise in operating margins to 12.5 per cent in the year to mid-September from 10.9 per cent previously, and Weston expects the margin in the current year to drift back down between these two figures.The London-based group which markets Silver Spoon sugar, Twinings tea and Ovaltine drinks also warned about rising wheat prices, the uncertainty about the global economic outlook and the impact of Value Added Tax rises in Europe.This prompted a cautious outlook, as the group only said it expects to see revenue and profit growth in the current year but gave no indication of the size of any increase.The group, 55 per cent owned by the family of Chief Executive Weston, posted adjusted earnings of 72.2 pence a share for the year to 18 September. whatsapp Show Comments ▼center_img John Dunne More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Tags: NULLlast_img read more

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AG Barr to hit target for year

first_imgWednesday 8 December 2010 7:24 pm SOFT drinks group AG Barr said third-quarter revenue grew 6.4 per cent and the firm would meet its full-year plans despite stiff competition.The company, best known for its bright orange Irn-Bru drink, said yesterday general economic conditions continued to be tough with the price of raw materials increasing. “However, we expect to continue to mitigate these cost pressures and consequentially we remain confident of delivering our plans for the full year,” the company said. Its shares have gained more than a quarter of their value over the past year. Show Comments ▼ AG Barr to hit target for year whatsapp Sharecenter_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com whatsapp Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Tags: NULLlast_img read more

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Novartis to build first factory in St Petersburg

first_img Show Comments ▼ whatsapp KCS-content whatsapp NOVARTIS will invest $500m (£322m) in Russia over the next five years, strengthening its position in the country as it joins rivals looking to get around tough rules on imported medicines.The Swiss drugmaker plans to build a new pharmaceutical manufacturing plant in St Petersburg as part of a partnership, which will focus on local manufacturing, R&D partnerships and public health development, Novartis said.“The ongoing partnership with Russia enables us to expand our commercial presence in a key emerging market,” Novartis chief executive Joe Jimenez said in a statement yesterday.Emerging markets, such as Russia, are the new battleground for pharmaceutical companies as sales stall in Western markets. Monday 20 December 2010 7:25 pm center_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Novartis to build first factory in St Petersburg Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndo Share Tags: NULLlast_img read more

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Shell’s $12bn biofuel firm goes ahead

first_img Show Comments ▼ whatsapp SHELL’S ethanol joint venture with Brazilian oil firm Cosan will have a market value of $12bn (£7.5bn), the firms confirmed yesterday. The firms said in a statement that a new entity called Raizen, which is due to launch in the first half of this year, will produce 580m gallons of ethanol per year for the Brazilian and international markets. The deal, which was signed in August, was given the green light by the European Commission last month. Raizen will have around $1.6bn cash inflow from Shell’s side, the statement said.The firm plans to finance its operations with a cash-raising in the market, possible through a corporate bond issue. The venture is one of Shell’s only investments in renewable energy, after the Anglo-Dutch firm dropped other projects to focus on Raizen last year. The firm plans to produce 62m tonnes of sugar a year by 2016, which will be used to produce the biofuel. Share Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndocenter_img whatsapp KCS-content Wednesday 16 February 2011 8:24 pm Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap Shell’s $12bn biofuel firm goes ahead last_img read more

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CITY VIEWS: SHOULD STATE BENEFITS FOR THE ELDERLY BE RINGFENCED??

first_imgTuesday 22 February 2011 7:59 pm whatsapp KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap PETER HESKETH | INSURANCE BROKER“I strongly believe pensioners who need benefits should get them. But there are those who just don’t need them and so in some cases they should be revised and means tested.”ALEX KENNEDY | INSURANCE BROKER“Top earners work for over 20 years and pay a considerable amount of tax- putting a lot of money into the system. So why shouldn’t they be entitled to benefits once they retire?”PAMIR DOTAN | LAB49 CONSULTING FIRM“The retirement benefits you are entitled to should relate to how much you earned throughout your working life and also relate to your personal finances.” whatsapp Share CITY VIEWS: SHOULD STATE BENEFITS FOR THE ELDERLY BE RINGFENCED?? Show Comments ▼ Tags: NULLlast_img read more

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St James’s Place profit leaps 70pc

first_img whatsapp Show Comments ▼ Tags: NULL St James’s Place profit leaps 70pc Share KCS-content Wednesday 23 February 2011 8:58 pm PROFITS at wealth manager St James’s Place grew 70 per cent yesterday, despite the group being hit by a £6.2m charge.The firm said it had to pay a £4.8m interim levy into the Financial Services Compensation Scheme, resulting from the collapse of Keydata, as well as a £2.4m annual levy charge. St James’s profits before shareholder tax for the year to 31 December still managed to hit £84.2m, up 69 per cent on a year earlier. Its funds under management hit a record £27bn, up 26 per cent on a year earlier.The strong results will calm fears that major stakeholder Lloyds Banking Group could sell its 60 per cent holding imminently.Speculation over a possible disposal arose after the bank said it would dispose of over £200bn of its non core assets within five years. Lloyds has since said it is not looking to sell its stake. Chief executive David Bellamy said: “While the road to recovery for the UK economy is likely to remain challenging, the need for trusted financial advice is greater than ever.”Panmure Gordon analyst Barrie Cornes was upbeat on the results.He said: “Our view is that while there is an overhang from Lloyds’ stake, if there was to be placement of that stake, it wouldn’t be at a huge discount, it would be very small, if a discount at all.” Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky 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 Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The 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 whatsapplast_img read more

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Chinese business group launched

first_img whatsapp With 400 Chinese-owned companies operating in London and the south east, the London Chamber of Commerce and Industry yesterday launched a Chinese Business Association, with the backing of Mayor Boris Johnson. Excluding small restaurants, over a fifth of Chinese companies in the capital and south east offer professional services, with almost five per cent in banking and insurance. “The increased investment we have seen from China in recent years is a strong sign that London is viewed by an ever growing number of companies as the best city in the world in which to do business,” said Mayor Johnson. whatsapp Monday 28 February 2011 8:22 pm Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky 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 Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The 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 Show Comments ▼ Share KCS-content Chinese business group launched Tags: NULLlast_img read more

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iGB-Blueclaw World Cup PPC report

first_img Welcome to this special AAC/iGB Live! report into World Cup PPC strategies Subscribe to the iGaming newsletter 11th July 2018 | By Stephen Carter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Marketing & affiliates Email Addresscenter_img Tags: Online Gambling iGB-Blueclaw World Cup PPC report Topics: Marketing & affiliates Sports betting Welcome to this special iGaming Business-Blueclaw research into World Cup PPC strategies released to coincide with the Amsterdam Affiliate Conference. With PPC costs lower for sportsbook-led brands with a track record of producing strong football content and organic rankings for football-related terms, this can be a highly effective channel for operators to capitalise on this large but fleeting opportunity. But as Blueclaw marketing director Martin Calvert points out, this needs to be balanced with the potential risk of overspend and being outwitted by competitors. FIFA has also trademarked a raft of terms, “FIFA”, “Russia 2018” and “World Cup” to less specific terms like “Moscow 2018” (see p4-5 for more on this) for its official brands so gaming brands are needing to be more creative to find ways of working around this. This World Cup is also several generations of smartphone ahead of the last iteration in 2014, with punters enjoying far greater connectivity, ease of access and more sophisticated platforms. The UK market has also consolidated considerably since then, meaning many of the big brands from 2014 are now part of one group and that challenger operators are having to pick their fights more carefully to maintain a sensible CPA. Blueclaw’s data from the opening days of this year’s tournament also reinforces the fact that public interest in betting on the tournament is closely tied to the fortunes of the national team. Their early exit in 2014 saw a sharp decline in search activity which only picked up for the final, so bookies are presumably thanking their lucky stars for England’s best run in a World Cup since 1990. Click on the e-zine link below or this link to read the report – you will also be able to pick up your own hard copy in the media area at iGB Live! and conference room where Martin is speaking at AAC.last_img read more

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