Team17’s full-year profits rise to £30m

first_imgTeam17’s full-year profits rise to £30mIndie publisher enjoyed record growth in 2019, expanded headcount to 200James BatchelorEditor-in-ChiefTuesday 10th March 2020Share this article Recommend Tweet ShareCompanies in this articleTeam 17Team17 has reported increases in profit and revenue at the end of its second financial year as a public company.For the 12 months ended December 31, 2019, the company posted revenues of £61.8 million, a year-on-year increase from £43.2 million in 2018. Within this, gross profit rose by 49% from £19.8 million to £29.5 million. Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games Both represent a new record for the indie publisher, and that’s despite fewer new releases. Team17 release 12 new games in 2018 vs. seven in 2019. But the company has confirmed it has 10 launches planned in 2020, including Moving Out, Main Assembly and an unannounced Worms game.Behind the scenes, the company moved its development studio to new premises in Wakefield back in November to expand its capacity, and increased its headcount by 20% to 200 by the end of the year.The company will be celebrating its 30th anniversary this year, with its flagship franchise Worms turning 25.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Publishing & Retail newsletter and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesSam Forrest joins Team 17 as PR directorFormer Jagex and THQ man joins Nottingham commercial teamBy Dan Pearson 6 years agoTeam 17 gets into mobile publishingWorms developer signs Rocket Rainbow’s Hey Ewe for smartphones and tabletsBy Brendan Sinclair 7 years agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more

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Eskom proposes affordable phasing-in of its tariff review

first_img Finance and Policy TAGSEskomRCA Application Previous articleMalawi: energy minister switches on Msosa Power LineNext articleAfrican Utility Week: Day 1 Highlights Ashley TheronAshley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa. Generation RELATED ARTICLESMORE FROM AUTHOR Featured image: Eskom At the final public hearing held in Midrand yesterday, Eskom proposed a phasing-in of the variance in revenue between what the National Energy Regulator of South Africa (NERSA) allowed under the multi-year price determination (MYPD 3) and what was actually spent in the three years (2014 – 2017), which now amounts to R62bn after Eskom sacrificed a further R4,6bn. Eskom has been presenting its case and responding to questions raised by stakeholders at public hearings that started on 16 April in Cape Town and moved across all provinces of South Africa.Calib Cassim, Eskom’s acting chief financial officer reiterated the basic principle and the legislative nature of the application that Eskom has made to the Regulator.“The consistency and predictability of the methodology is important. We have taken the lesson from the NERSA decision of 2013/14 of our Regulatory Clearing Account (RCA) application and made this application accordingly, based on the MYPD 3 regulatory methodology. One of the NERSA Regulatory principles is predictability and consistency: “Decisions must be consistent and should have a reasonable degree of predictability based on previous rulings in similar case”. It is therefore our hope that the same principles will be applied when the decision on this current application is made in June. We have also noted that rating agencies show a keen interest on the tariff decisions made by the Regulator, which makes it critically important for Eskom’s sustainability.” Read more: Eskom presents cost recovery application to Soweto ​stakeholdersFitch Ratings, May 2018: “The rating actions reflect the continued liquidity weakness, but also the progress. …including an update on RCA that was brought forward to June 2018 by the regulator. Failing that and the RCA resolution, we may downgrade Eskom’s ratings by one or more notches. Without …. positive resolution of the RCA, we estimate that operating EBITDA will be insufficient to service debt for FY18-20”            Moody’s January 2018: “The rating action also factors in the December 2017 decision by NERSA to allow Eskom to increase revenue by 5.23% in FY2018/19, well short of the 19.9% proposed by the company. This decision follows a 2.2% tariff increase for 2017/18 and will put further pressure on the company’s already weak cash flow. Nonetheless, NERSA have announced that they will consider Eskom’s ZAR66 billion application for under-recoveries and overspending relating to the three prior years, which would benefit the company. Given users’ sensitivity to tariff increases, these amounts may take some time to be monetised.”“We are also mindful of the impact on the consumer and the economy of the liquidation of our application. It is unfortunate that RCAs for three years have had to be considered at once but it must be noted that Eskom had to wait for the Constitutional Court ruling on the RCA decision of 2013/14, which was given only in August 2017 before processing these applications. Consequently, we are proposing that NERSA considers an additional increase of 3% for each of the MYPD 4 years (2020 – 2022) and then recover the rest of the RCA balance over a period of 5 years.This calculation is linked to Eskom’s financial situation. It must be noted that we have been carrying the amount under review for some time and had to go out to the markets and borrow in order to implement our mandate of supplying electricity. These loans must still be repaid,” said Cassim.According to a company statement, Eskom has absorbed R57bn of costs over the period of the RCA applications, and proposes a further R4,6bn reduction. The application has now deducted certain amounts relating to start-up gas and oil, coal handling linked to operational performance and ECS, thus reducing the total amount applied for to R62 037.Cassim reiterated Eskom’s message on corruption and irregularities, which have been raised as a concern by stakeholders throughout the public hearings.“We reaffirm that Eskom – through its Board and Executives – takes governance seriously. We are conducting our own investigations and also participating in other investigations by the National Treasury, the Special Investigations Unit (SIU) as well as the Judicial Commission led by Justice Zondo.“We note that the conclusion of investigations into fraud, fruitless and wasteful expenditure and the timing of the decision on this RCA application are not aligned. We propose that at the conclusion of investigations, Eskom presents to NERSA to determine if the outcome impacts the RCA decision and for those items that are impacted to be dealt with according to the rules and addressed in future RCA applications.”Eskom does concede that if NERSA were to grant the whole R62bn at a go it would give rise to over 30% increases, which is why we have put the proposal for the amount to be phased in over a period of time. We believe that the proposal on the table is fair and reasonable in terms of balancing affordability for the consumer and Eskom’s sustainability,” ended Cassim. UNDP China, CCIEE launch report to facilitate low-carbon development Low carbon, solar future could increase jobs in the future – SAPVIA BRICS AFD and Eskom commit to a competitive electricity sector last_img read more

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This 10 Leadership Points Shows That You Are A Successful Young Leader

first_imgThe best way to become a more influential young leader is to set it aside as a priority and concentrate on your personal growth.Face challenges. Take on new opportunities. A great leader is courageous while still being wise. You should be prepared to face obstacles and accept responsibility for the outcomes of your decisions.Be honest. Notify your colleagues of both good and bad news, as well as how the organization will react. You’re in charge of creating a calm atmosphere among your colleagues, so they know they’re not in for any unpleasant surprises.Win trust. If the team believes they are surrounded by people they can trust, they will become more committed andloyal. The first and most critical step in establishing trust is to become involved in the issues that colleagues or employees face daily. Pay special attention to those who are behind the rest of the group and take the time to describe their job to them. The next step is to learn about their lives outside of work. But don’t go overboard—no one likes managers that are constantly bothering them.Keep calm. Professionals never express their feelings. You must remain concentrated, and if you are feeling stressed, you can go for a walk or work from home. Even if your friends, partners, and even your bosses make mistakes, you must never correct them in a rage. Rather, clarify the situation and what you want them to do in the future in a relaxed manner.Listen and observe. If you want to be a leader, you’ll need to be the best listener and observer you can be. Every day, people express themselves by their etiquette, vocabulary, and body language. Observing someone will reveal a lot about them. Examine their passions, what excites them, which activities make them unhappy, and which seem to make them happy.Stay organized. Your desk should be spotless, and your orders should be clear. You should be aware of the schedule for each day and week.Earn respect. It’s simple to earn respect; all you have to do is act ethically and model what you expect from those on your team. Demonstrate that you know where you’re going and that you’re not only asking the team what to do but that you’re still marching in lockstep with them.Remember that you are young. You still have time to develop a fantastic career, but don’t forget to have fun and appreciate the present moment. Although it is important to concentrate on your work, your personal life should not suffer.Don’t put labels on people. If you want to be an effective leader, you must abandon the habit of labelling others, particularly yourself. This includes the title of “chief.” Who knows when your position will be revoked, particularly if you work for someone else or have become enamoured with power. Your title does not define who you are. Be self-assured, but not as a result of your mark.Understand yourself. Make every effort to be aware of the effect on others. If you get to a point where self-awareness is your power, you’re ready to embark on a long-term leadership journey.Finally, keep in mind that you are young and have a lot of time ahead of you. Work hard, remain curious, and keep in mind that great leaders don’t tell you what to do; instead, they show you how to do it.What qualities do you believe a good leader must possess? Which of the qualities do you consider to be the most important? Please share your thoughts in the comments section below.last_img read more

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Man charged with cold-case murder of jogger Melissa Millan after confessing in church

first_imgSimsbury Police Dept.(SIMSBURY, Conn.) — Nearly four years ago, Melissa Millan, a mother of two, was brutally murdered in Connecticut while she was out on a jog.The crime went unsolved until last week, when a registered sex offender, William Leverett, walked into a church, Open Gate Ministries in Windsor Locks, and confessed.“We were stunned,” the church’s pastor, Michael Trazinski, said Monday. “We knew what we had to do. Justice needed to be done.”Trazinski said he and two other parishioners went with Leverett — a church member since March 2015 — to the Simsbury Police Department to turn himself in.“I’m here to turn myself in for the murder on Iron Horse Boulevard almost 4 years ago,” he allegedly told police, according to the arrest warrant affidavit.At the police station, he opened up to investigators about how the victim was “way out of my league,” said his “anger escalated,” and “the next thing he knew he had stabbed her in the chest,” according to document.After several days of conversations, Leverett was charged with her murder, police said. He was arraigned Monday, but the results were not clear.Leverett told police that the day of the murder he was at a sex offender’s therapy group in Hartford, according to the arrest warrant affidavit.The suspect had been arrested for sexual assault of a child in 2009 in Colorado and pleaded guilty in 2011, The Hartford Courant reported. He did not go to jail but was placed on probation and the sex offender registry, the Courant said.When Leverett came home on the day of the murder, he went for a walk to find “human contact” and someone to talk to, according to the court documents.Leverett allegedly told police that when he spotted Millan, whom he did not know, he was attracted to her “physical features,” the document said.Leverett allegedly said “he began thinking about a possible interaction with her,” but became “anxious, realizing that ‘I (Leverett) can’t have her’ and that ‘she’s way out of my league,” the documents said.Leverett allegedly said he “‘was angry’ and that his ‘anger escalated rapidly,’” and he was “acting beyond his control,” the documents said.According to the affidavit, he allegedly claimed he just wanted to speak to Millan but then “‘something happened’ and the next thing he knew he had stabbed her in the chest with a knife he was carrying,” the documents said.Leverett said he was shaking and crying, and that he fled the area, the documents said.Leverett allegedly told police he threw the knife out of his car window on a side street, the documents said. He then allegedly went back and got the knife a few days later and threw it out in a trash compactor.He said he wiped the blood off the boots he wore that night and continued to wear them for several months before donating them to a Goodwill, the document said.Trazinski’s wife and co-pastor, Colette Trazinksi, called Leverett “a faithful member of the church. Very helpful. We never would have expected this.”Leverett returns to court on Oct. 9, according to the Courant.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

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New label-free method tracks molecules and drugs in live cells

first_imgA new type of highly sensitive microscopy developed by Harvard researchers could greatly expand the limits of modern biomedical imaging, allowing scientists to track the location of minuscule metabolites and drugs in living cells and tissues without the use of any kind of fluorescent labeling. The technique, based on stimulated Raman scattering (SRS), works by detecting the vibrations in chemical bonds between atoms. SRS microscopy could provide scientists with a potent new form of real-time, three-dimensional bioimaging free of fluorescent labels that can hinder many biological processes. The work is described this week in the journal Science by a team led by professor X. Sunney Xie, graduate student Christian W. Freudiger, and and post doctoral fellow Wei Min, all of the department of chemistry and chemical biology, in the Faculty of Arts and Sciences. “SRS microscopy is a big leap forward in biomedical imaging, opening up real-time study of metabolism in living cells,” says Xie. “We’ve already used the technology to map lipids in a live cell, and to measure diffusion of medications in living tissue. These are just two early examples of how SRS microscopy may impact cell biology and medicine.”Xie, Freudinger, and Min’s mapping of saturated and unsaturated fats in live cells offers exciting new opportunities for metabolic studies of omega-3 fatty acids, required but not produced by the human body. Despite a growing body of evidence suggesting that omega-3 fatty acids provide many health benefits such as dampening inflammation, lowering blood triglyceride levels, and killing cancer cells, almost nothing is known about how fats like omega-3 are actually processed by our bodies. “Our diets have changed greatly in recent decades,” Xie says. “As a unique technology capable of observing fat distribution in live cells — and of differentiating between types of fat — SRS microscopy could prove useful in helping understand and treat the growing imbalance of saturated and unsaturated fats in our diets.”SRS microscopy could also prove useful in neuroimaging, since neurons are coated with fatty myelin sheaths. The researchers’ use of SRS microscopy to analyze skin tissue could also open new frontiers in drug development. Xie and colleagues used SRS microscopy to view how well retinoic acid, a topical acne medication, is absorbed into skin cells. They also used the technique to capture deep-skin penetration by dimethyl sulfoxide (DMSO), a compound added to many topical medications and ointments to enhance absorption.Scientists currently use a variety of techniques to visualize biomolecules, but most have significant limitations that are sidestepped by SRS microscopy.A jellyfish protein first discovered in 1962, green fluorescent protein (GFP), is now used extensively as a label for observing the activity of biomolecules. GFP labeling provides sharp images, but the bulky protein can perturb delicate biological pathways, especially in cases where its heft overwhelms smaller biomolecules. Also, GFP’s characteristic glow subsides with time, making it infeasible for long-term tracking.Much like SRS microscopy, conventional infrared (IR) and Raman microscopies measure the vibrations of chemical bonds between atoms. But they are low-sensitivity imaging techniques, and require either desiccated samples or high laser power, which limits use in imaging live specimens. Coherent anti-Stokes Raman scattering (CARS) microscopy, a field pioneered by Xie’s own group, cannot provide clear enough contrast for most molecules.Xie, Freudiger, and Min’s co-authors on the Science paper are Brian G. Saar, Sijia Lu, and Gary R. Holtom of Harvard’s Department of Chemistry and Chemical Biology; Chengwei He and Jing X. Kang of the Department of Medicine at Massachusetts General Hospital and Harvard Medical School; and Jason C. Tsai of Pfizer Global Medical.The work was funded by Boehringer Ingelheim Fonds, the Army Research Office, the National Institutes of Health, the U.S. Department of Energy, the National Science Foundation, the Bill and Melinda Gates Foundation, and Pfizer Global Medical.last_img read more

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Buna man struck by passing truck in Orange County

first_imgStaff reportA Buna man was taken by helicopter to St. Elizabeth Medical Center with serious injuries after he was struck by a passing vehicle on State Highway 62 in Orange County.The Texas Department of Public Safety said the auto-pedestrian crash occurred near the Mauriceville Volunteer Fire Department around 4:15 p.m. Thursday. Bush was issued a traffic citation for failure to drive in a single lane.DPS said no other information would be released. Next UpThe DPS said in an issued statement that a 2003 Ford pickup truck was disabled on the northbound shoulder of SH 62. The driver realized he needed gasoline, got out of his vehicle and was struck by a 2017 Dodge pickup truck.The injured pedestrian was Todd Williams, 44. His passenger, Leslie Marcantel of Deweyville, was not injured.The driver of the Dodge, Edwin Bush, 53, of Kirbyville was not injured.last_img read more

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Trek Introduces the 2013 Radioshack Leopard Team Bikes

first_imgWith the road racing season here in the US quickly approaching, and racing already underway in the Southern Hemisphere, Trek has pulled the annual wraps off their team’s bikes. Under the management of Luca Guercilena, Team RLT has gotten off to a good start with the general classification Teams award at the recent Tour Down Under.See more of the bikes after the break.There are a lot of familiar faces in team RLT’s ranks for 2013, as Andy Schleck, Frank Schleck, Fabian Cancellara, Adreas Kloden, Jens Voigt, Chris Horner, Ben King, and many more make up a solid squad.As the standard road bike for the team, Trek’s 7.9 Madone will help them cover the miles with a unique blend of performance road and aero road, rather than a dedicated aero bike like many manufacturers are trending towards. The  Madones will be equipped with Dura Ace 9070 Di2 drivetrains, and Bontrager Aeolus D3 wheels. The bike is pictured with Bontrager tires, but the team will be racing on Schwalbe Ultremo HT tubular rubber.The Domane, aka the classics bike, will hopefully propel the likes of Cancellara to a victory after an unexpected crash last season in the Tour of Flanders left him with a shattered collarbone. The Domane still features Trek’s IsoSpeed decoupler, which should help to smooth out the cobbles the Spring classics are known for. More Dura Ace Di2 is found, though with classic road caliper brakes.Finally, when engaging in the race of truth (can you really say that anymore?), Trek’s team will be on the Speed Concept 9.9. Known for its Kammtail virtual foil design, the wind cheater has integrated brakes and a slick cockpit to shave every second possible.All of the racers will have full access to all of Bontrager’s DE wheels in 30, 50, 70, and 90mm depths. Supporting the rider’s backsides will be Bontrager’s Team Issue, Paradigm XXX, and RXL InForm saddles. Other parts found on team RLT’s bikes include Speedplay pedals, and SRM Powermeters.last_img read more

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LIFT Giving Circle donates over $20,000 in its first year

first_imgVermont Business Magazine LIFT Giving Circle(link is external), a philanthropic collective with 38 members from the Greater Burlington area, made its first annual award in the amount of $16,000 to The Janet S. Munt Family Room(link is external) (the Family Room). The Family Room is a parent child center providing programs that are accessible to all and flexible enough to meet the needs of our changing community. In its first year, LIFT Giving Circle has collectively awarded more than $20,000 to local nonprofits, including the Family Room and KidSafe Collaborative(link is external).LIFT was founded by Alexandra Clauss and Shireen Hart, Primmer Piper Eggleston & Cramer PC attorneys. They created the giving circle to harness the generosity and energy of the women in their community to help local groups with their missions.To learn more about LIFT, including how to become a member for 2019, please visit www.liftgivingcircle.com(link is external). Source: LIFT 10.15.2018last_img read more

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New high compression bottoms from Zensah

first_img Related Zensah, the Miami-based sports apparel brand is unveiling its new high compression bottoms, which include: shorts, capris and full-length tights. Zensah’s new compression bottoms incorporate a distinctive 3D design to accelerate recovery time.Commenting on the new launch, Ryan Oliver, Marketing Director at Zensah, said “The new Zensah high-compression shorts and tights raise the bar for compression apparel in today’s market. Most of the compression products available on the market – while doing a good job in support – are uncomfortable in fit and fabric.”The new Zensah products are produced with ‘seamless technology’ to eliminate seams that cause chafing. As Oliver states, “We used our proprietary Zensah fabric, which is breathable and moisture wicking. The new products were developed in Italy over a year-long process. We involved retail stores and athletes in the design process, and the feedback we received allowed us to push for a product very unique to the market.”Made with advanced technology to improve recovery time for athletes, the Zensah High Compression Bottoms are available in specialty stores across the US – with the launch well-timed as North America enters the autumn/fall season.Until now compression tights were typically made with a flat fabric, but Zensah believes it has revolutionized the design and comfort level of compression.The tights provide superior support to the legs, including the quadriceps and knees by increasing oxygen and blood flow and reducing muscle vibrations, allowing for advanced recovery after athletic activity.Reflective zippers on the tights allow for safer running and riding. The reflective zipper also makes it easy to slip the high compression tights on and off. The tights also contain an envelope pocket on the upper backside to carry cell phone, iPod, gels or keys.The Zensah high-compression shorts incorporate the same 3D design to target the quadriceps. The well-balanced compression and design provide a ‘massage feel’ to the quads. The shorts support the upper leg while allowing for unrestricted mobility in the lower leg.Ultra runner Mandy Miller tested the new Zensah shorts and said “…love the new compression shorts – wore them to sleep the other night for thigh pain – the perfect prescription…!”All Zensah compression apparel aims to provide athletes with the most comfortable experience:Seamless construction – eliminates chafingZensah silver ions – reduces bacteria growth and ‘takes away the stink!’Soft hand – comfortable materialPinpoint compression – providing compression where it is neededMoisture wickingAccording to research by Leisure Trends Group Colorado, Zensah was one of the top selling US compression brands in 2010. Zensah was founded in 2004, and remains a leading sports compression apparel brand.www.zensah.comlast_img read more

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Avoid the compliance pitfalls of social media advertising

first_img 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » by: Kristen Tatlock“Marketing compliance” is not an oxymoron. You can work together to create social media messages that are both compliant and aesthetically pleasing.Follow these guidelines to minimize risk:• Loan products. Speak in general terms when possible. Stating “We have great car loan rates” might not pack the same punch as stating “We have great 60-month car loan rates,” but it eliminates the necessity for additional disclosures.The same holds true for open-end loan products. If you don’t state a rate, you won’t have to include additional disclosures.If you include a trigger term, remember that the additional disclosures can be on a separate page if it’s located one click away. Mortgage advertisements on social media must always include the Fair Housing logo or statement.last_img read more

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