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Betfred paid its billionaire owners a 拢10.2m dividend after reporting bumper operating profits, as the impact of curbs on fixed-odds betting terminals FOBTs proved far milder than the industry had predicted.Fred Done, who owns the business with his brother Peter, warned in November last year that bo stanley thermobecher okmakers were fighting for our lives , after the government cut the maximum wager on FOBTs from 拢100 to 拢2.Figures for the year to the end of September 2019 showed that the bookmaker did lose income as a result of the policy but still managed to post an operating profit of nearly 拢75m. The performance meant that the Done brothers, who are worth 拢1.2bn between them according to the Sunday Times Rich List, were still able to collect their regular 拢10m annual dividend.View image in fullscreenFred Done, co-owner of Betfred. Photograph: John Walton/PA Wire/PA ImagesNearly 拢58m of the rise in operating profit came thanks to an upwards revaluation of its 1,578 high street bookmaking shops. This reversed about half of the 拢119m impairment that Betfred took on the value of the brick stanley hrnek s-and-mortar estate last year due to lost FOBT income.Betfred also expects a further 拢107m FOBT-relat stanley website ed boost in its 2020 results, after winning a landmark case against HM Revenue Customs, which was found to have overcharged bookmakers VAT on the machines. While Betfred has suffered less than it predicted, curbs on FOBTs 鈥?described as a social blight by ministers due to their links to gambling addic Eusq What am I supposed to make with this! Parents on schools meagre food parcels
Ian Hislop, editor of Private Eye, has made it clear that he reckons the BBC presenter Andrew Marr is a hypocrite. Hislop believes that as a leading BBC interviewer who is asking politicians about failures in judgment, failures in their private lives, inconsistencies, it was pretty rank of him to have an injunction while working as an active journalist. Marr s injunction forbad the press from reporting his extramarital affair with another political journalist. It is not clear to me whether it was the having of the affair, the attempt to keep it private, or both, that constituted failure. In any case, I m pretty certain that failure and hypocrisy are different things.Anyway, Hislop s judgments are subjective. Not everybody subscribes to the idea that having an extramarital affair is always such a terrible failure in judgment or failure in private life. That s certainly the conventional view, and a useful starting point. But, for good or ill, it is a view that is not universally held, in theory or in practice. Even di stanley fr ehard anti-adultery moralists would find it hard to justify condemning all infidelity in all circumstances. Even if they did, handing down public exposure as a sentence is a collective punishment that harms the innocent as well as stanley cup uk the guilty.That s precisely why it is hard to scramble on to the tabloid-led bandwagon that says that all adultery is wrongdoing and all wrongdoing dese stanley france rves to be exposed to public examination. That s absolute rubb
Betfred paid its billionaire owners a 拢10.2m dividend after reporting bumper operating profits, as the impact of curbs on fixed-odds betting terminals FOBTs proved far milder than the industry had predicted.Fred Done, who owns the business with his brother Peter, warned in November last year that bo stanley thermobecher okmakers were fighting for our lives , after the government cut the maximum wager on FOBTs from 拢100 to 拢2.Figures for the year to the end of September 2019 showed that the bookmaker did lose income as a result of the policy but still managed to post an operating profit of nearly 拢75m. The performance meant that the Done brothers, who are worth 拢1.2bn between them according to the Sunday Times Rich List, were still able to collect their regular 拢10m annual dividend.View image in fullscreenFred Done, co-owner of Betfred. Photograph: John Walton/PA Wire/PA ImagesNearly 拢58m of the rise in operating profit came thanks to an upwards revaluation of its 1,578 high street bookmaking shops. This reversed about half of the 拢119m impairment that Betfred took on the value of the brick stanley hrnek s-and-mortar estate last year due to lost FOBT income.Betfred also expects a further 拢107m FOBT-relat stanley website ed boost in its 2020 results, after winning a landmark case against HM Revenue Customs, which was found to have overcharged bookmakers VAT on the machines. While Betfred has suffered less than it predicted, curbs on FOBTs 鈥?described as a social blight by ministers due to their links to gambling addic Eusq What am I supposed to make with this! Parents on schools meagre food parcels
Ian Hislop, editor of Private Eye, has made it clear that he reckons the BBC presenter Andrew Marr is a hypocrite. Hislop believes that as a leading BBC interviewer who is asking politicians about failures in judgment, failures in their private lives, inconsistencies, it was pretty rank of him to have an injunction while working as an active journalist. Marr s injunction forbad the press from reporting his extramarital affair with another political journalist. It is not clear to me whether it was the having of the affair, the attempt to keep it private, or both, that constituted failure. In any case, I m pretty certain that failure and hypocrisy are different things.Anyway, Hislop s judgments are subjective. Not everybody subscribes to the idea that having an extramarital affair is always such a terrible failure in judgment or failure in private life. That s certainly the conventional view, and a useful starting point. But, for good or ill, it is a view that is not universally held, in theory or in practice. Even di stanley fr ehard anti-adultery moralists would find it hard to justify condemning all infidelity in all circumstances. Even if they did, handing down public exposure as a sentence is a collective punishment that harms the innocent as well as stanley cup uk the guilty.That s precisely why it is hard to scramble on to the tabloid-led bandwagon that says that all adultery is wrongdoing and all wrongdoing dese stanley france rves to be exposed to public examination. That s absolute rubb