Day: 23 April 2018

Woolworths Could Suffer Shares Divestment Due to Misconduct Allegations

Mon 23 Apr 2018 9.23 Olivia Cole
Woolworths Could Suffer Shares Divestment Due to Misconduct Allegations

Woolworths, the Australian supermarket and grocery store chain which also runs some pub and entertainment venues, is once again facing some hard time over its pub and entertainment division. The pressure that is being faced by the company is related to a Victorian council employees’ superannuation fund amounting to $9 billion which has been considering whether to dispose of its stake in the supermarket chain due to ethical investment reasons. The 79 councils in Victoria are expected to vote on whether to make their industry super fund called Vision Super…

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UK Government Crackdown on FOBTs Delayed Once Again

Mon 23 Apr 2018 7.30 Daniel Williams
UK Government Crackdown on FOBTs Delayed Once Again

According to media reports, the UK Government crackdown on highly-controversial fixed-odds betting terminals (FOBTs) has been delayed once again. The measures that are to be taken in terms of reducing the machines’ harmful effect and lowering their maximum stake were expected to be announced by the end of April. However, the decision has reportedly been delayed once again until the local elections are held at the beginning of May due to misunderstandings among some members of the Government. According to some sources, the member of the British Conservative Party and…

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