UPDATE 1-Topdanmark raises full-year outlook - Reuters UK UPDATE 1-Topdanmark raises full-year outlook - Reuters UK
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UPDATE 1-Topdanmark raises full-year outlook - Reuters UK

UPDATE 1-Topdanmark raises full-year outlook - Reuters UK

Tue May 22, 2012 12:00pm BST

(Adds details, share price)

* Q1 pretax profit 702 mln DKK vs avg forecast 529 mln

* Investment returns better than expected

* Company raises 2012 net profit view to 1.25-1.35 bln DKK

* Shares advance 4 pct, outperform sector

By John Acher

COPENHAGEN, May 22 (Reuters) - Denmark's second-biggest insurer, Topdanmark, upgraded its full-year earnings outlook after higher investment returns lifted first-quarter profit beyond analysts' expectations.

First-quarter pretax profit rose to 702 million Danish crowns ($120.6 million) from 565 million in the same period last year.

That beat estimates ranging from 394 million to 620 million and an average of 529 million in a Reuters survey of eight analysts.

The group raised guidance for full-year net profit to a range of 1.25 billion crowns to 1.35 billion from an earlier scale of 1.15 billion to 1.25 billion.

Its return on investment activities rose to 429 million crowns in the first quarter from 320 million a year earlier, due primarily to improved returns on equities and mortgage bonds, Topdanmark said on Tuesday. Analysts had expected, on average, a drop in investment income to 251 million.

Shares in Topdanmark rose 4 percent by 1039 GMT, outperforming a flat Copenhagen benchmark index and a 1.1 percent rise in the STOXX Europe 600 insurance sector index .

Topdanmark adjusted its outlook for 2012 combined ratio to "around 91 percent" from an earlier range of 91-92 percent, but kept its forecast for non-life premium growth of 1-2 percent.

The combined ratio measures costs and claims as a percentage of premiums. A figure below 100 means underwriting is profitable. The lower the figure the better.

The technical result, which reflects the core insurance business, rose to 222 million crowns from 174 million a year earlier, just below an average poll estimate of 224 million.

The company also said it had increased its 2012 share buyback programme by 100 million crowns to 1.4 billion, representing a yield of 11 percent.

Last week, Danish rival Tryg beat expectations with a doubling of quarterly pretax profit on the back of cost control and a mild winter resulting in a low level of weather-related claims.

($1 = 5.8205 Danish crowns) (Editing by David Hulmes)



Jessie J announces UK arena tour for February 2013 - BBC News
Jessie J

Jessie J has announced her first full UK arena tour.

The 24-year-old singer revealed the news on Twitter: "#heartbeats I'm SO EXCITED to announce my 1ST EVER UK&IRELAND;ARENA TOUR next MARCH!!

"Its called 'Nice to meet you tour' and it will be NICE! :) Can't wait to show you this tour I've been working on for months! BOOOOM!"

The tour will see her perform in 14 different cities starting at Nottingham Arena on 26 February.

The series of concerts will finish with gigs in Belfast (17 March) and Dublin (18).

Jessie J told Newsbeat: "It's everything that I've ever wanted, to be on a tour. I can't wait.

"It's called the Nice To Meet You tour because I get to see everyone that I haven't met before.

"I want everyone to get to know me and not just have me sing all the songs and then they leave. I want it to be a little bit more than that.

"To be able to have everywhere across England on my list of places to go. This is why artists make music, to go on tour. It's going to be epic."

There are no support acts confirmed for the tour yet.

The full dates are:

Nottingham Capital FM Arena - 26 February

Brighton Centre - 27

Birmingham LG Arena - 1 March

Manchester Arena - 2

Sheffield Motorpoint Arena - 3

Liverpool Echo Arena - 5

Cardiff Motorpoint Arena - 6

Bournemouth International Centre - 7

London O2 Arena - 9

Newcastle Metro Radio Arena - 12

Glasgow SECC - 14

Aberdeen AECC - 15

Belfast Odyssey Arena - 17

Dublin O2 Arena - 18



Robin Gibb: Music stars pay tribute to Bee Gees singer - BBC News

Singer Cliff Richard, a friend of Robin Gibb, said it was a sad day

Stars of the music industry have been paying tribute to Bee Gees singer Robin Gibb, who has died at the age of 62.

Sir Cliff Richard said the singer's legacy of songs with the group, including Tragedy and Jive Talkin' was "stunningly good".

Lyricist Sir Tim Rice said Gibb, who had cancer, was "a charming man".

"I saw him only a couple of weeks ago," he said. "He wasn't at all well but was putting up a marvellous fight. It's a terrible loss for the music industry."

Robin Gibb formed the Bee Gees with brothers Barry and Maurice. They were among the most successful pop groups and songwriting teams of all time, with hits spanning five decades.

They scored nine US number one singles and five chart-toppers in the UK.

Sir Cliff said: "We are a fraternity of people who sing pop and rock and Robin is another one of us who's gone too soon, too early.

"So the legacy will be what the Bee Gees did, which was stunning, stunningly good stuff - right on a par with the Beatles."

Former Beatle Ringo Starr told the BBC: "Robin will be remembered as a musician and as a singer and part of The Bee Gees. The legacy they'll leave behind is Stayin' Alive, the harmonies and the songs that they've written."

Singer Dionne Warwick, whose biggest hit Heartbreaker was written by the Gibb brothers, said of Robin: "He was wonderful. He was a jokester.

"He had an incredibly witty sense of humour and was fun to be around. All three of them were sensational gentlemen first, just fun loving guys."

Start Quote

The Bee Gees are second only to Lennon and McCartney as the most successful songwriting unit in British popular music”

End Quote Paul Gambaccini Broadcaster

She touched upon the family members' close bond, adding: "I think what was most attractive to me was how grounded they were.

"I think a lot of it has to do with their sense of family and being together as a family. That is very important, to be connected. They loved each other very strongly and showed it, and it was a joy."

The trio also penned Islands In The Stream for Kenny Rogers and Dolly Parton, a hit which featured on Rogers' 1983 album Eyes That See In The Dark.

"Robin was a part of something unique," said Rogers in a statement. "The sound of the Bee Gees was so specific and dominating, especially in the 70s - unlike anything that had ever happened before or will ever happen again.

"Mostly, Robin was a good guy who didn't deserve to die this young. We will all miss him for what he was as a person and what he brought to music."

John Travolta, who danced to the Bee Gees' distinctive soundtrack in the 1977 film Saturday Night Fever, also paid tribute to Gibb on Monday.

He said: "I thought Robin was one of the most wonderful people - gifted, generous and a real friend to everyone he knew. And we'll miss him."

The announcement of Robin Gibbs' death was made by his family on Sunday with "great sadness".

Broadcaster Paul Gambaccini described the singer as "one of the major figures in the history of British music".

"Everyone should be aware that the Bee Gees are second only to Lennon and McCartney as the most successful songwriting unit in British popular music," he said.

Ringo Starr on 'cool' Robin Gibb

Robin Gibb had "one of the best white soul voices ever", Gambaccini said, adding that the group's accomplishments had been "monumental".

"Not only have they written their own number one hits, but they wrote huge hit records for Barbra Streisand, Diana Ross, Dionne Warwick, Celine Dion, Destiny's Child... the list goes on and on."

Former British Prime Minister Tony Blair, Bryan Adams, Duran Duran and Justin Timberlake are among a host of musicians that took to Twitter to pay their respects.

Gibb had battled ill health for several years.

In 2010, he cancelled a series of shows after suffering severe stomach pains while performing in Belgium. He went on to have emergency surgery for a blocked intestine.

His twin brother and band partner Maurice died in 2003 aged 53 following complications from a twisted intestine.

Robin Gibb cancelled a series of shows in Brazil in April 2011, after again suffering from abdominal pains.

Later that year, he was found to have cancer of the colon after having surgery on his bowel for an unrelated condition.

He was later also diagnosed with cancer of the liver, and underwent chemotherapy and surgery.

Last month the singer fell into a coma after contracting pneumonia.

Four weeks ago, he regained consciousness and was said to have been making a positive recovery. But his death was announced at 23:30 BST (22:30 GMT) on Sunday.



Rose determined not to surrender Ryder Cup spot - ESPN.co.uk

Justin Rose will use his 2010 Ryder Cup heartbreak to push himself towards securing a place in the European squad at Medinah this year.

Rose missed out on automatic qualification for Celtic Manor two years ago, and did not receive one of skipper Colin Montgomerie's captain's picks for the event.

But the Englishman is currently in possession of a guaranteed place in Jose Maria Olazabal's team, and he is adamant that he will not let it slip through his hands.

"It was a tough one to miss [in 2010], especially playing at home [in Wales]," Rose told Sky Sports. "I'm determined to make this team, not put myself in a position like last time where I need to rely on a captain's pick.

"I've got to keep amassing the points - I've given myself a great chance now, and I should play some good, solid golf and get the job done over the rest of the season. I'm certainly not taking my foot off the pedal."

Ahead of this week's BMW PGA Championship, Rose has hailed the state of his game, having won the WGC-Cadillac Championship in March.

"My game's been consistent all year and I think that's what I've brought to the table this year that I haven't had in previous years," Rose said. "The consistency's been getting better since 2010 and as a golfer, that's a definite sign of improvement.

"Confidence at the end of the day [has been the key], you believe your game's going to turn up for you when you need it. That's a nice place to be in."

© ESPN EMEA Ltd


RSS chief in Bhopal to attend training programme - zeenews.india.com
RSS chief in Bhopal to attend training programme Bhopal: RSS chief Mohan Bhagwat is currently on a three-day visit to the state capital for a training programme being conducted by his organisation.

Bhagwat, who arrived here on May 20, will be staying till tomorrow, and is not scheduled to take part in any public function but will be busy attending a training programme being conducted by RSS at Sharda Vihar on the Kerwah Dam road, Sangh sources said.

He is accompanied by senior RSS leader Suresh Bhaiyaji Joshi. He spent some time yesterday at Samidha, the headquarters of RSS for Madhya Pradesh and Chhattisgarh and then went to Sharda Vihar.

Joshi continued to stay at Samidha where Chief Minister Shivraj Singh Chouhan called him.

RSS chief in Bhopal to attend training programme

The training programme for which Bhagwat has come is scheduled to end on June two and he will come here again to address its concluding function, sources said.

RSS chief in Bhopal to attend training programme

PTI



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