BP plc (LON:BP) Pays Millions To Fisheries
BP plc (LON:BP) has decided to pay millions for lost fisheries revenue.
BP plc (LON:BP) Pays Millions To Fisheries
Just a few days before Christmas, one of many negotiations between BP plc (LON:BP) and the state led to a $2.56 million agreement that will cover losses associated with the sale of recreational fishing licenses and oyster tags.
The Louisiana Department of Wildlife and Fisheries argued during negotiations that it is due the money because of the retail lull that followed the April 20 explosion of BP plc (LON:BP)’s Deepwater Horizon rig, which claimed 11 lives, polluted the Gulf of Mexico with millions of barrels of crude and essentially halted economic development off the state’s shoreline.
Wildlife and Fisheries Secretary Robert Barham said that, “This marks a critical step on the road to recovery for (the department) and Louisiana’s fishing communities. These funds are especially crucial now, more than ever, as our department continues to fulfill its mission, while also working to help fishing communities rebound from the impact of the BP oil spill.”
The return of advertisement revenue at the media giant has proved ITV plc (LON:ITV)’s ‘X Factor’.
ITV plc (LON:ITV) stocks stood at 70.05 at the end of the last trading session.
ITV plc (LON:ITV) Rebalancing Pays Off
According to industry experts, ITV plc (LON:ITV)’s advertising revenues are up 15.5 per cent over 2010. At this time last year analysts were expecting growth of between zero and 4 per cent.Each percentage point of advertising revenue is worth £12million to ITV plc (LON:ITV)’s overall sales. Interim figures released in August showed pre-tax profit of £97m compared with a loss of £105m in the same period in 2009.
Adam Crozier, the chief executive of ITV plc (LON:ITV) said that, “We are all totally focused on the need to rebalance the business. The ad performance of 2010 just illustrates to us the volatile nature of the business we are in. But this is year one of a five-year plan and there is still plenty to do.”
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