#IS NEWS ROVER STILL IN BUSINESS PLUS#

Rover European Travel Company based in Nailsworth offered UK and European holidays, days out and even provided school bus journeys across Stroud and beyond.Д«ut now 'with the heaviest of hearts', the directors of Rover European LTD, David and Carole Hand, said that they have 'taken the very difficult decision to close the doors and cease trading.' And 888 is supposed to be a serious company: it has been allowed to buy William Hill.ДЇor MPs, who will soon be considering a government white paper on gambling reform, the moral ought to be clear: corporate expressions of good intentions are no substitute for strong and clear regulation.A beloved local company has taken the sad decision to stop trading after more than 70 years in business. This happened in 2020, a time when the regulator had warned the industry about heightened risks during Covid. Itai Pazner, chief executive of 888, expressed вЂњregretвЂќ that вЂњprevious implementation of our processes failed to meet required standards in the UKвЂќ but the failures cannot be viewed as ancient history. In another, a customer lost ВЈ37,000 in six weeks before 888 carried out common sense affordability checks.

In one case, 888 placed a deposit cap of ВЈ1,300 a month on the account of an NHS worker who was known to the operator to be earning ВЈ1,400 a month. FlutterвЂ™s shares fell 12%, despite the groupвЂ™s adventure in the liberalising US market proceeding to plan.ДЇor a wider picture on the industryвЂ™s self-reform approach, though, look at the other tale from the UK gambling sector on Tuesday: 888вЂ™s thumping ВЈ9.4m fine, the third highest from the Gambling Commission, for failings that can only be viewed as basic and glaring. FlutterвЂ™s stiffer вЂњplay wellвЂќ policies werenвЂ™t the only reason for a subdued outlook for UK growth this year (the lockdown boom in online gambling is also clearly over), but they were a factor. These days the company tries to emphasise its focus on вЂњrecreationalвЂќ customers, judging (surely correctly) that that is a better place to be in the long term. Revenue from customers in the вЂњhigher value bandвЂќ вЂ“ the category where problem gambling is concentrated вЂ“ has halved since 2019. Safer gambling measures were estimated to have cost вЂњin excess of ВЈ90mвЂќ in revenues last year, said Flutter, warning shareholders that вЂњimprovements we have made, and will continue to make, will impact near term growthвЂќ. MPs should bet on regulationДЄ glance at the 2021 numbers from Flutter, owner of Paddy Power and Betfair, might tempt one to cast cynicism aside and conclude that the gambling industryвЂ™s vows to clean up its act are getting somewhere. Almost everyone claims to have ESG (environmental, social and governance) principles these days we need to know what they mean in practice.

#IS NEWS ROVER STILL IN BUSINESS PLUS#

And a collapsing rouble, plus the increased freight costs, may make debate redundant anyway.Д«ut shareholders and western consumers alike will expect thought-out positions sooner rather than later. To be clear, non-supply of consumer inessentials is a long way down the list of voluntary sanctions that western business could adopt, or would hurt the Russian economy. Should Diageo be in the business today of selling premium bottles of Johnnie Walker whisky to wealthy Russian consumers, and paying local duties to the Russian government in the process? Well, like JLR, it has paused exports, but the approach does not yet sound like a fixed policy. To pick on spirits group Diageo, its last annual report trumpeted a sales increase in eastern Europe вЂњmainly driven by strong growth in RussiaвЂќ.

Is news rover still in business