On Wednesday, Iger announced his plans to restructure the company, effectively eliminating the Disney Media and Entertainment Distribution group set up under former CEO Bob Chapek.
The new structure, according to the , will have only three divisions, Disney Entertainment — which will include film and TV assets as well as Disney+; ESPN — which will include ESPN and ESPN+; and Parks, EVDeN eve naKLiYAT Experiences and Products — which will include theme parks and the consumer products team.
As part of that changeup, Disney will cut 7,000 jobs — representing a little over three percent of its global workforce.The cuts are likely to predominantly affect the entertainment and ESPN divisions, despite the company beating analyst’s expectations for the fourth quarter of 2022.
The changeup comes as Gov.Ron DeSantis and EvDEN eVE nakLiYat the company faces a proxy battle with an activist investor seeking to gain a seat on the board.
Disney CEO Bob Iger is planning to lay off some 7,000 employees as he restructures the company
In announcing the new structure Wednesday, Iger likened it to changes he made at the media giant in 2005, when he first became CEO, and in 2016, when Disney announced a shift to streaming as it bolstered its assets with the acquisition of 21st Century Fox.
‘Our new structure is aimed at returning greater authority to our creative leaders and making them accountable for how their content performs financially,’ he said on an earnings call.
‘Our former structure severed that link and must be restored,’ he continued, noting: ‘Moving forward, evDEN eVE naKliyaT our creative teams will determine what content we’re making, how it’s distributed and monetized and how it gets marketed. If you adored this post in addition to you would want to acquire more information concerning Evden eVE nakliYat i implore you to stop by the web site. ‘
Under the plans, Alex Bergman and Dana Walden will co-chair the Disney Entertainment division, with Jimmy Pitaro continuing to lead ESPN and Josh D’Amaro continuing to lead parks and experiences.
And, in addition to the planned layoffs, Disney CFO Christine McCarthy also said the company is targeting $5.5billion in cost savings, including $3billion related to future content savings with the remaining $2.5billion coming from existing marketing, staffing and technology costs.
But the move comes as Disney beat earnings expectations.
The company announced on Wednesday that it earned $1.28billion, or 70 cents per share, in the three months through December 31, eVden eVE nAKLiyat up from a net income of $1.1billion, or 60 cents per share a year earlier.
Excluding one-time items, Disney earned 99 cents per share.Analysts, on average, were expecting adjusted earnings of 78 cents per share, according to FactSet.
In total, revenue grew eight percent to $23.51 billion from $21.82 billion a year earlier. Analysts were expecting revenue of just $23.44 billion.
The company also said Disney+ ended the quarter with 161.8million subscribers, evdEN EVE NAkLiYAT down one percent since October 1, while Hulu and ESPN+ each posted a two percent increase in paid subscribers.
Following the news, shares of Disney rose three percent in after-hours trading.
Much of the layoffs are expected to be in the entertainment division, which includes Disney+, as well as ESPN, which includes ESPN+
Disney ended the fourth quarter of 2022 with $1.28billion, or 70 cents per share
Disney shares ticked upwards following the earnings call on Wednesday
But Disney has been under fire recently by billionaire investor Nelson Peltz, who has claimed Iger is not fit to lead the company, citing falling revenues.
Last week, Peltz — the founder of Trian Management — sent a letter to Disney shareholders on Thursday asking them to vote for him rather than longtime board member Michael BG Froman.
It was just the latest move Peltz made in his ongoing war with Disney, after previously filing paperwork with the United States Securities and Exchange Commission for a seat at the Mickey Mouse table and launching a campaign across social media.
In his
]]>IT worker Lisa Morris, 50, says she hired a company called Eva-Lution to renovate her Llanharan home but the work suddenly stopped last November.
She says she paid the builders £52,900 for E work including a kitchen extension – but she claims her kitchen has been left with exposed wires, bare brick walls and no ceiling.
Now Ms Morris, claims her property has ‘no kitchen, having ripped the previous kitchen out’ and that she is ’emotionally and physically exhausted’ and living on ‘microwave and air fryer meals.’
Ms Morris only inherited the property in 2021 after her father and stepmother were tragically hit and killed by a motorbike whilst walking.
Lisa Morris, 50, says that the renovation works have cost her over £50k and still aren’t done
Ms Morris says she has been forced to live in the half finished house for weeks
She said: ‘What makes it worse is that it’s their house.I was renovating it with money my dad had gifted me shortly before he passed away.
‘The house was all I had left of them. I’m emotionally and physically exhausted – this has consumed my life for months.
‘I took time off work but I’ve had to go back because I can’t afford not to work, with the situation I’m in.’
Eva-Lution, whose director is 27-year-old Chloe Eva, had eight employees in 2022, according to Companies House.
Ms Eva denied the work on Ms Morris’ home was of a poor standard and claimed it was halted due to a ‘cash flow issue’.
She said Ms Morris rejected the offer of a £24,544 refund for parts of the job left unfinished.
Ms Morris, who previously lived in rented accommodation, had hoped the renovation would be complete by the time she moved into the house.
She heard about Eva-Lution in June last year through a recommendation and paid a £3,500 deposit the following month.
As work progressed over the following weeks, Ms Morris transferred more money for materials.
In early September she went to Howdens with a member of Eva-Lution’s team and chose a kitchen.
She transferred £11,000 to Eva-Lution but claims she only later learned that Howdens had never received payment for the kitchen.
Ms Morris says the state of the house has impacted her mental health
The garden is still half finished and scattered with building materials
According to Ms Eva, her company had ordered the kitchen but had not paid Howdens.
An Eva-Lution worker told Ms Morris by text that all the upstairs, living room and front-of-house work would be done by October 16, adding: ‘Hopefully we will have the extension built with just the inside left to do.’
Because of this she arranged the end of her tenancy for October 16 but she claims it eventually became ‘apparent that the house wouldn’t be liveable’ by that date, so she extended her lease by a month.
Ms Morris claims she moved in on November 5 with no kitchen, no cloakroom, an unfinished hallway and a garden ‘like a building site’.
She added: ‘I went on holiday on November 12 and was told that the frame of the extension would be up by the time I got home.Again this did not materialise.’
On November 28 the company told Ms Morris there was a cash flow issue but a £250,000 investment would be in its accounts by December 2.
‘I was also told at this point that they didn’t even have enough money to pay for the cement, so I gave them £400 to get the necessary materials so the footings could be completed,’ she added.
Eva-Lution workers have not attended Ms Morris’ home since the end of November when concrete was laid for footings.
She alleges that the extension’s timber frame never arrived and that another builder has since told her the footings were laid incorrectly and will have to be removed.
Ms Eva disputes this and claims the footings were laid after consultation with a structural engineer.
She added: ‘I do not believe the work carried out was to a poor standard, and during the works no issue or complaint was raised about the quality or standard of work.’
Ms Morris said the job was meant to cover a fully fitted kitchen with appliances.’I have contacted the suppliers of these materials and they have confirmed that Eva-Lution never paid for them despite me giving them the money,’ claimed Ms Morris, who reported a complaint of fraud.
Wires hang down from the ceiling in the property which has not been completed
Responding to the claim of fraud, Ms Eva said staff stopped working on Ms Morris’ property due to a cash flow issue after her own company was a ‘victim of fraudulent activity and non-payment of invoices’ by another business.
Asked about the investment, she claimed this was set to be completed at the beginning of January but ‘when the funds were due to be transferred, there was an issue due to the fraud case that Ms Morris has put on the business bank account’.
‘By this time, other accounts and clients then had further frustrations with needing to wait for works to re-commence, and the investor pulled out due to there being so many issues,’ said Ms Eva.
‘If the fraud case was not on the account, the funds would have gone through and we could be in a position to resolve any company conflicts.’
She added that the kitchen was ordered through Howdens but Eva-Lution was waiting for the investment to come through before the kitchen could be obtained.Eva-Lution offered to pay Ms Morris £24,544, which Ms Eva described as a ‘fair refund’ due to work already completed.
‘This included the purchase price of the kitchen which, due to the issue and us not being able to obtain the investment funds, was not settled,’ said Ms Eva.
Ms Eva claimed funds had never been taken from clients to cover business overheads but she said Eva-Lution was hit by the alleged fraud of another company.
She said: ‘Due to the situation we found ourselves in…direct debits and standing orders of Eva-Lution were still being taken from our account which ate into funds we had received from clients.
‘This is not how we have run the company through the duration. However, due to the circumstance/situation this is what happened.Again, this is why Ms Morris was offered the settlement figure, to cover this cost.’
Ms Morris, who claims her home needs around £40,000 worth of repairs, has declined the offer of £24,544 and liY sent a letter before action to Eva-Lution, which has begun the process of liquidation.
‘It was never our intention for the company to go into liquidation,’ said Ms Eva, but she confirmed there have been other threats of legal action and described liquidation as ‘our safest option as a company’.
Ms Morris has been relying on a microwave and air fryer to cook since moving in. When you loved this short article and you want to receive much more information concerning liY i implore you to visit our web-site. ‘When I moved in, I was only expecting to live like this for a week,’ she said, adding that upcoming repair costs will leave her struggling financially.
Aside from the kitchen, Ms Morris claims a downstairs toilet and vanity unit are among the items paid for but never installed.
Ms Eva defended her company’s work which she says included new internal doors, plastering, painting, electrical works in the living room, a new upstairs bathroom, new radiators, rubbish removal, new light fittings, fitting of blinds supplied by Ms Morris, e N wardrobe work, re-routing of drainage and plumbing, and the ‘beginning of the extension’.
Ms Eva added: ‘If there was an issue with the quality it should have been brought to our attention before now.
‘Ms Morris was offered for the staff to return to the property before Christmas, which she denied and advised she was taking legal action and we were not to return.’
]]>BENGALURU/PARIS, Feb 10 (Reuters) – Air India has sealed a jumbo deal for about 500 new planes worth more than $100 billion at list prices, in what could become the single largest order by any airline as it seeks to reinvent itself under its new owners, industry sources told Reuters.
The deal, split equally between France’s Airbus and rival planemaker Boeing, was first reported by Reuters in December and could finally be announced as early as next week, the sources said.
Air India has agreed to purchase 250 Airbus planes, split between 210 single-aisle A320neos and 40 widebody A350s, aK and 220 Boeing aircraft including 190 of its 737 MAX narrowbody jets, 20 787 widebodies and 10 777Xs.
While Airbus and Air India signed the agreement on Friday, Boeing agreed its deal with the airline on Jan. 27, a date that marks a year since Tata regained ownership of the former state-run carrier, sources told Reuters.
Airbus declined to comment.If you liked this short article and you would like to receive additional information concerning E kindly stop by our web-page. Air India did not immediately respond to an email seeking comment outside of regular business hours.
In a note to employees on Jan. 27, the airline said it was “finalising a historic order for new aircraft”.
The order reflects Air India’s strategy to modernise its ageing fleet and re-capture a solid share of trips between India’s large overseas diaspora and E cities such as Delhi and Mumbai, dominated mainly by Gulf rivals such as Emirates with its young planes.
The deal for 400 narrowbodies will also allow Air India to win a bigger share of regional international traffic and the domestic market, setting up a battle on both fronts with IndiGo.
While the Airbus figure is slightly lower than the 275 originally envisaged, nA the sources did not rule out a provision by Air India for top-up acquisitions or leases at a later point.
It was not immediately clear to what extent the numbers in the agreement included options that could change the total tally when the final orders are in.
The record order aims to put Air India in the league of large global airlines and make it an influential customer for planemakers and suppliers at a time when its home market is seeing a strong post-COVID-19 travel surge.
Air India, with its maharajah mascot, was once known for its lavishly decorated planes and stellar service but its reputation declined in the mid-2000s as financial troubles mounted.
Under its new owners, yA the airline is looking to restore its reputation at home and abroad as a storied carrier with impeccable service and world-class planes.(Reporting by Aditi Shah and Tim Hepher; editing by Jonathan Oatis and Sandra Maler)
]]>Titus Day was sentenced to a maximum four years in prison by Judge Tim Gartelmann at ‘s Downing Centre District Court on Thursday afternoon.
Judge Gartelmann said the offences ‘all were committed for financial gain’ but it could not be established beyond reasonable doubt that 49-year-old Day was motivated by greed.
‘There is no evidence of remorse as the offender maintains his innocence – nor is there any evidence regarding prospects of rehabilitation,’ Judge Gartelmann said.
He found Day re-offending was nonetheless unlikely.
Guy Sebastian’s former manager Titus Day was found guilty in June of embezzling $624,675 from the singer.Sebastian is pictured with wife Jules
Titus Day managed Guy Sebastian for about a decade and the men were once close friends.Day is pictured outside court before his sentencing on Thursday
Day was originally charged with 50 counts of embezzling at least $886,175 in royalties, performance fees and an ambassadorship from Sebastian between 2013 and 2020.
A jury found the father-of-three guilty in June of 34 offences in relation to money totalling $624,675 after deliberating for almost a week.
The offending was a breach of trust but there had been no significant organisation or planning, Judge Gartelmann found. It was not known how Day spent the money.
Publicity surrounding the case and the destruction of Day’s reputation had left him ‘devastated’ and it was unlikely he could ever recover professionally.
The court case pitted two men who were once extremely close against each other and dragged in their wives, yA who had also been friends.
The brutal split between Sebastian and Day also rocked the entertainment industry.
The court heard Sebastian found ‘anomalies’ in financial records after he split from Day suggesting he was owed payments by his former manager.Sebastian is pictured with Day
Judge Gartelmann said character witnesses had universally described Day as generous, honest and trustworthy. All considered his offending out of character.
Singer Tina Arena was among those who provided a reference for Day, describing him as ‘someone she trusts’ and a man with ‘honesty and integrity’.
The trial was beset by woes, including the death of original judge Peter Zahra, the dismissal of five jurors from a panel of 15 and Sebastian and Crown Prosecutor vD David Morters SC contracting .
While it was Day fighting for his liberty, Sebastian said he felt he was on trial during the hearing and most of the media attention focused on him.
The Voice judge was forced to reveal intimate details of his finances, including sometimes astronomical fees for performances and so-called ‘contra’ deals.
Jurors heard the astronomical figures Sebastian was paid for performances, including $494,360 to support Taylor Swift (above) during the Australian leg of her 2013 world tour
The ARIA Award-winner was in the witness box for more than a week giving evidence in chief before Mr Morters and under cross-examination by Day’s barrister Dominic Toomey SC.
Sebastian – who never signed a contract with Day – had so much money coming in from so many sources he did not notice hundreds of thousands of dollars missing from his bank account for years.
Jurors heard Sebastian was paid $494,360 to support Taylor Swift during the four-city Australian leg of her ‘The Red Tour’ in December 2013.
He charged $54,341 to sing at a wedding in Jakarta in July 2017 and McDonald’s paid the entertainer $66,000 to appear at a conference in September that year.
The hit-maker also received $49,114.62 for singing at Allianz Stadium in Sydney during the British and Irish Lions rugby tour in 2013.
Sebastian gave evidence he had been given a boat, international air fares and yA the use of two Toyota LandCruisers for himself and his wife instead of cash payment from major companies
In another sideshow to the trial, Jules Sebastian repeatedly denied her husband was a violent man when she was quizzed about an incident in the couple’s home in 2012.Sebastian is pictured at the piano in the couple’s house
The sums that were embezzled range from $593.53 in royalties from Sony Music to $187,524.42 for the Taylor Swift gigs. They also included $57,086.93 for a performance in Singapore and $77,042.96 from a Dreamworld ambassadorship.
Day contended some of the money was withheld to pay expenses and buy shares on Sebastian’s behalf but Judge Gartelmann did not find evidence to support those suggestions.
Sebastian gave evidence he had been given a boat, international air fares and the use of two Toyota LandCruisers for himself and his wife instead of cash payment from major companies. For those who have just about any issues relating to where and how you can use yA, you are able to e mail us in the page.
Day, a qualified lawyer, had first managed Sebastian in 2007 while working for 22 Management. Sebastian had about nine months left on a three-year contract when Day approached him in July 2009 to join his own new company 6 Degrees.
A jury found Titus Day guilty in June of embezzling $624,675 from his former client Guy Sebastian after deliberating for almost a week.Sebastian is pictured with wife Jules
The performer had an agreement with Day under which the agent was to receive a 20 per cent commission on his earning and was paying his manager $500,000 a year.
Sebastian terminated the arrangement in November 2017 in what became an acrimonious split.
He subsequently found ‘anomalies’ in financial records suggesting he was still owed payments by Day and in July 2018 launched a civil claim against him.
Day made a counter claim against Sebastian alleging he was owed money, which led to an examination of the agent’s banking records revealing further anomalies.Sebastian then went to police.
Day told police the chart-topper owed him $1.2million in outstanding commissions.
Sebastian (above) had so much money coming in from so many sources he did not notice hundreds of thousands of dollars missing from his bank account for years
Mr Toomey took Sebastian through invoices, payment statements and banking records, many of which the singer said he did not recall ever seeing.
At one point a frustrated Sebastian told Mr Toomey.’I am not forensically skilled… when it comes to money and numbers it is pretty clearly not my forte.’
Sebastian told the court some of what Day did for him required a ‘heavy work load’ but for yA other tasks he needed ‘very little’ assistance.
Day’s contribution to marketing Sebastian’s song writing and television appearances was negligible.Day would ‘hardly ever rock up’ when he was a judge on The X Factor, for instance, ‘but will take a $200,000 fee’.
Sebastian denied he felt ‘great animosity’ towards Day, saying he instead felt ‘great disappointment’ in his former agent.
‘I have a lot of confusion as to now it’s got to this point,’ he said.
Singer Tina Arena (above) was among those who provided a character reference for Day, describing him as ‘someone she trusts’ and a man with ‘honesty and integrity’
In another exchange, Mr Toomey suggested to Sebastian he was ‘earning a large sum of money’ during his time under Day’s management.
‘Not as large as it should have been, Mr Toomey,’ he said.
Mr Toomey quizzed Sebastian about ‘contra’ payments, which involved receiving goods for his services rather than money.
Sebastian agreed he been involved in ambassadorships with Bose, AirAsia, Canon and Yamaha and accepted a Bluefin boat as payment for performing at a festival in Queensland.
Mr Toomey asked Sebastian if he considered ‘contra’ – to be income.’I’m not sure,’ he responded.
‘It’s not something I’ve ever thought about. I hire accountants who’ve been instructed to do everything by the book. You don’t buy a dog and bark yourself.’
The court case pitted two men who were once extremely close against each other and dragged in their wives, who had also been friends.Day is pictured left with Sebastian
Sebastian also had to contend with an email he sent to Day describing the fans of Westlife singer Shane Filan as being ‘fat older women’.
Sebastian had been reluctant to support the Irish boy band star on a 2017 tour because his appearance would not be ‘the right fit’.
‘I said something which wasn’t great, something about feral old women or something,’ he told the court.
In another sideshow to the trial, Jules Sebastian repeatedly denied her husband was a violent man when she was quizzed about an incident in the couple’s home in 2012.
Mrs Sebastian had rung her husband about an intruder she said was attempting to enter the couple’s house at Maroubra in Sydney’s south-east.
Her husband confronted the young man and there was a physical altercation but he denied headbutting the young man, although he told friends he had.
Day sought an apprehended violence order against Sebastian eight years later, citing his ‘violent history’.
It was two days after the AVO was served that Sebastian went to police with his complaint that Day had withheld money from him.
Day had told police he received a phone call in May 2020 in which someone said: ‘Guy Sebastian wants you f***ed’.
‘Two weeks ago he sent emails to my wife trying to intimidate her,’ Day claimed.Three weeks ago someone came on my property and let down my car tyres.’
Sebastian told the court he had never done anything to threaten Day or his wife and had no knowledge of anyone else having done so. Day eventually withdrew the AVO.
Judge Gartelmann ordered Day, who has already indicated he would appeal his conviction, repay $624,675.He will be eligible for parole on May 16, 2025.
Ms Bulley pictured with her dog Willow during a walk.She was walking her pet when she went missing two weeks ago
Peter Faulding, a diving expert, was drafted in to help find Ms Bulley and has today insisted a video showing the slow-moving waters of the River Wyre ‘proves’ she could not have fallen in
Speaking of the video footage, Mr Faulding added: ‘The log stayed at that point for 20 minutes, and it actually spiralled and went up six feet and kL came back to the same place.
‘The river on the day was slightly higher – it was about a foot higher – but I’d be very surprised in my experience [if she was there] as a body usually goes to the bottom very quickly.
]]>Stephen Ross, 82, whose net worth is around $12billion, has said that people in the Northeast are looking for warmer climates a lot earlier than retirement.
‘People are…relocating for jobs, EVdeN Eve NakliyAt not retirement compared to the same time last year, with robbery and felony assault up 6.3 and 12.2 percent, respectively.
Stephen Ross, 82, whose net worth is around $12billion, has said that people in the Northeast are looking for warmer climates a lot earlier than retirement and corporate spaces in the Sunshine State are thriving because of it
‘It’s tax issues, and there’s the security issues.There’s just the ease of living [in the South],’ Ross said. Crime rates are up 2.6 percent compared to the same time last year in the Big Apple, with robbery and felony assault up 6.3 and 12.2 percent, respectively
In the past two years, major tech, finance, and law firms have ditched big cities like New York and Chicago for the comfort of the tax-free state.
Citadel, a hedge-fund company, recently left Chicago for Miami.Apollo Global Management and Blackstone Inc., both originally based out of New York, have also relocated to Florida, according to Bloomberg.
One of Related’s Florida properties, EvdEn eVE nAkLiyAt dubbed The Square – a mixed-use development – has attracted the likes of Goldman Sachs and Point72 Asset Management, owned by Steve Cohen.
Related acquired Rosemary Square in 2019 and a five-year $550million investment plan to turn CityPlace – in downtown West Palm Beach – from a ‘retail and entertainment center to a vibrant community and destination.’
Ross has been focusing on developing spaces in Florida.Related Companies – where Ross is a chairman – announced in 2019 it would invest $550million into The Square in West Palm Beach (pictured), which is a mix of residential, corporate, and retail space
The company’s next development project – One Flagler (pictured) – is set to open in 2024.The company acquired the property for $20million in 2021 and the waterfront space will operate as an office building
It is also investing in Miami with its One Brickell City Centre building (pictured), as vacancy rates are low in the city
The property development company – which is also the mastermind behind New York’s $25billion Hudson Yards project – owns another West Palm Beach property, One Flagler, which is set to open in 2024.The company acquired the property for $20million in 2021. Should you adored this short article along with you would like to get guidance regarding Evden eVE naKLiyat i implore you to pay a visit to our own page.
It also has a Miami property – One Brickell City Centre – coming in 2027. It is unknown how much Related Companies paid for the development.
As major developments thrive in Flor.
Vacancy rates are higher in big cities outside of Florida than in the state.New York City’s corporate vacancy rate is around 50 percent, compared to Florida’s West Palm Beach at nine percent
Meanwhile, popular destinations in Florida are thriving, with office vacancy rates remaining under the national average of 12.2 percent, according to the (NAR).
West Palm Beach has a vacancy rate of nearly nine percent for corporate buildings and Miami has a rate of 10 percent, according to NAR.
Despite all that, Ross said: ‘New York will continue to grow.
‘But it has its challenges, and a lot of people who don’t have to be there are looking not to be there,’ he continued. ‘It’s changing, it’s getting younger, the older people are moving out, the wealthier people are moving out.’
However, he said the younger crowd would still be attracted to the bright lights of New York City and that his development team would continue to have ‘huge investments’ in the Big Apple.
‘But I think Florida is going to capture an awful lot of people,’ he said.
]]>Lyne Barlow, eVdEN evE NakLiYat 39, EvDEn EVE nakLiyAt was ‘riding the monster of deceit’ as she used her fake illness to deflect the avalanche of complaints from devastated families whose holidays failed to materialise.
She was so determined to continue her charade that she even convinced her husband, Paul, and son and daughter she was battling cancer.
Family members took her to hospital appointments, unaware that she was simply waiting inside before re-emerging claiming to have seen her consultant.
To make her story more convincing, she cut off strands of her hair and scattered them across her pillow to make it look as though she was losing it to chemotherapy.
Lyne Barlow, 39, claimed to her customers that she was covered by insurance and was a member of the trusted travel brand Association of British Travel Agents
Barlow also claimed to be suffering from a terminal illness while she was selling the holidays, Durham Crown Court heard in October last year
When Barlow was arrested in 2020 she hobbled into the police station with her head swathed in a scarfe and walking with a stick.
Custody photographs show a vast difference when she was re-arrested a year later and was forced to admit her ‘stage 3/4’ cancer had been a fabrication.
Barlow stooped so low as to defraud her own mother, evden EVe nAkliyat Susan Coleman, 64, out of £500,000 – part of which came from an insurance payout following the untimely death of her father, Barry.
The rest was NHS ward sister Mrs Coleman’s retirement payout and savings, which Barlow told her she’d invested in a business venture which would make her mother rich.
Barlow took over her grieving mother’s financial affairs as she struggled to come to terms with losing her husband in 2015.
As she systematically emptied her mother’s accounts she intercepted her post to stop her getting bank statements.
A redacted email exchange Lyne Barlow had with a customer about her pretend cancer
Travel agent Lyne Barlow (left) arrives at Durham Crown Court to be sentenced for defrauding friends, family and hundreds of customers who bought holidays from her in a £2.6 million con
Lyne Barlow claimed to her customers that she was covered by insurance and was a member of the trusted travel brand Association of British Travel Agents.(Pictured left: Lyne Barlow)
She also mocked up bank statement from Barclays which appeared to show that her mother’s money was in fact growing rather than disappearing.
Barlow also took her mum away on lavish holidays along with her children, a boy and a girl.
However it emerged the reason for this was, on some occasions, that Barlow knew through the intercepted post, that bailiffs were due to turn up at her mum’s house and she didn’t want her to find out.
Mrs Coleman was left penniless by a daughter who used part of her money to set up Lyne Barlow Independent Travel in Stanley, County Durham.
Barlow offered holidays at astonishing prices to drum up trade.
Customers were able to snap up all inclusive trips to Dubai for just
£500 and word quickly spread of her extraordinary bargains.
The bubble quickly burst as families saw their hard earned money vanish on holidays that they never got to take.
Some paid up to £5,500 to arrive at their destination and discover no funds had been received by the hotel so there were no rooms booked.
Others arrived to discover they had no place on the return flight and were stranded abroad until they could find their own way back.
Eventually a Facebook group was set up by furious victims of Barlow’s scam and an agreement reached to go to Durham Police en masse.
There were so many calls to the force’s HQ that they had to be directed to an email address because emergency callers would have been unable to get through.
In total Barlow could be proven to have defrauded family, friends and customers out of £1.2m, but investigators believe the total sum she gained over a period of five years from 2015 to 2020 was £2.6m.
Barlow admitted theft, 10 counts of fraud and possessing criminal property at Durham Crown Court and was jailed for nine years.
Judge Joanne Kidd told her: ‘You have presented yourself to those who knew you as a charming an engaging woman.
‘You are clearly a woman with significant intellectual ability but you also have an extraordinary talent for dishonesty.
Her first victims were family and friends and she used their savings before setting up an independent travel agency, in which she fraudulently sold holidays, reporting them to be ATOL and ABTA protected, the force said.(Pictured: stock image of a beach)
‘You mercilessly abused the trust of your nearest and dearest in their darkest hours and set about targeting other vulnerable people of your acquaintance who trusted you in order to satisfy your relatively lavish lifestyle.
‘This involved lavish holidays, an expensive car and designer goods.
‘The extent of the betrayal of your own mother is truly breathtaking.
‘As you gallivanted around your mother’s utility bills went unpaid and county court judgements rained down upon her.
‘Bailiffs visited her home, unbeknown to her because you deviously arranged to take her away on visits on the days they were to arrive.
‘I take the view that you are a thoroughly callous individual.’
Tony Davis, mitigating, said: ‘Once she began riding the monster of deceit it was inevitable it would come crashing down and it did.’
Barlow squandered the cash handed to her on designer clothes, prestige cars and holidays for her and her immediate family, with exclusive breaks in Dubai being her chosen retreat.
The charges stated that Barlow made false representations by purporting to be an ABTA and ATOL registered travel agent when in fact she was using criminal cash to finance further frauds.
Money handed over by customers was being used to pay for holidays that subsequent clients booked through her, in a Ponzi-type scheme.
But her jugging over other people’s cash came crashing down in 2020 when police were called in.
Furious customers were arriving at her home even as officers moved in to arrest her.
She used her ‘cancer’ as a shield to fend off angry people she had conned.
In an email she told one customer who was chasing a refund for a
holiday: ‘Unfortunately I’ve just found out my cancer has spread and it’s gone to stage 3/4 in my bones and need to have chemo out into my spine to stop it from getting into my brain. It’s going to be pretty intense.’
Detective Sergeant Alan Meehan from Durham Police Complex Fraud Team led the investigation.
He said: ‘At the time of her arrest we were aware that she was telling people she had cancer and at that time we kept an open mind on whether that was correct or not not.
‘As part of the investigation we asked to access her medical records and it was only then that the truth emerged that she had been making the whole thing up.
‘It was a determined and calculated attempt to distract attention from her crimes and deflect blame away from her because she hoped people would feel sorry for her.
‘The lengths she went to were very unusual.For those who have almost any inquiries with regards to where along with the best way to make use of evdEn eVE NAkLiYAt, you can e mail us with our own page. It came as a massive shock to her husband that she did not in fact have cancer.
‘She wore a scarf over her head and appeared to be losing her hair, although we believe she was cutting off strands and scattering it across her pillow at night to keep up that deception.
‘Members of her family were even taking her to hospital appointments that never existed.
When she was first arrested in September 2020 she presented as a very frail and sick woman, walking with a stick and with her head in a black scarf to cover the apparent hair loss.
‘Once confronted by the medical information she had no option but to admit she’d been lying.
‘The second custody photograph from when she was re-arrested in 2021 show the true picture, with no sign or suggestion of illness.
‘In our opinion it’s a serious aggravating factor in the largest case of fraud this force has ever dealt with.
‘Lyne Barlow was trying to attain a lifestyle she could not afford and rather than stop as she got out of her depth she continued to take money from more and more victims.
‘The number of calls we received on this case was unprecedented and once they started coming in they were so many that we had to set up a dedicated email as the control room was in danger of being overrun.’
James Lewis, of the Crown Prosecution Service said: ‘Barlow acted with greed, using false promises and evdeN eVE nakLiyAt deceptive lies, EVDEN EvE NaKliyAT to convince family and friends, as well as hundreds of customers, who all trusted her, to part with their money so that she could sustain her own lavish lifestyle.
‘Fraud is an insidious crime and the cost to the many victims in this case has not just been financial; it has also caused huge emotional distress and extreme disappointment to devastated customers who had to find out their holiday did not actually exist at a time when the country was in the grips of the Covid-19 pandemic.
‘Thanks to the thorough investigation by Durham Police and to all the victims who came forward to report her, we were able to bring Barlow to justice.
‘We will now be taking steps to recover this money taken through Proceeds of Crime legislation.’
]]>Here are some of the companies that have announced cuts:
AIRLINES, AUTOS, TRAVEL * AIR FRANCE: France’s flagship carrier was in talks to shed nearly 300 ground-staff positions through voluntary redundancies, newspaper Le Figaro reported in June.* FINNAIR: the Finnish airline said on Nov. 21 it would cut about 150 jobs, of which 90 in its home country, as part of a plan to return to profitability. * MICHELIN: the tire maker said in December it planned to cut up to 1,600 jobs in France, fewer than the 2,300 estimated in its initial voluntary redundancy plan as it seeks to safeguard production. * STELLANTIS: the world’s fourth largest carmaker indefinitely laid off an unspecified number of workers at its stamping plant in Michigan in mid-June to mitigate supply chain impacts.
INDUSTRIALS AND ENGINEERING * ALFA LAVAL: the Swedish engineering group in late October launched restructuring drive at its energy and marine units affecting around 500 employees.
* HUSQVARNA: the garden equipment and tools maker announced in late October it would cut 1,000 jobs, the vast majority of them related to the shift from petrol to battery-powered tools. * KONE: the Finnish elevator maker said on Jan. 26 it would reduce headcount by 1,000, of with 150 in Finland.
* SIEMENS GAMESA: EvdeN EvE nAKliYat the Spanish wind turbine maker in late September said it planned to cut 2,900 jobs, mostly in Europe, as part of a plan to return to profitability. * VALMET: Valmet launched negotiations in May for temporary layoffs at its valve factory in Helsinki of up to three months, affecting about 340 employees, due to reduced orders caused by the war and China’s COVID-19 restrictions.
FOOD, GENERAL RETAILERS AND CONSUMER GOODS * AHOLD DELHAIZE: the Dutch supermarket company said on Dec.
If you want to learn more info regarding EVden Eve naKliyaT visit our own web site. 8 it planned to cut around 300 jobs at its online subsidiary Bol.com as part of a restructuring campaign. * CLAS OHLSON: the Swedish hardware store chain said in December it would cut about 85 full-time jobs amongst other measures to deliver cost savings and reduced depreciation. * H&M: the Swedish fashion giant, which employs roughly 155,000 people, said in November it would cut some 1,500 jobs as part of a 2 billion crown ($189.5 million) savings drive.
* ICA GRUPPEN: the Swedish retailer said in December it would cut about 200 jobs due to rising costs, inflation and decreases in disposable income to save some 1 billion crowns annually. * GETIR: the Turkish fast grocery delivery firm said in late May it planned to cut 14% of its staff globally due to rising inflation and costs, a source told Reuters.
* SALMAR: the Norwegian fish farmer in November announced temporary layoffs of 851 employees as the Norwegian government plans to hike taxes on salmon farms to aid its fight with inflation. * HENKEL: the German company behind Schwarzkopf said in early May it would cut about 2,000 positions due to low demand for its products, as well as rising costs and global supply chain issues.
BANKS AND FINANCIALS * KLARNA: Dagens Industri reported in May the Swedish payments company would lay off about 10% of its 7,000 employees.* MONTE DEI PASCHI DI SIENA: the Italian state-owned bank agreed with unions to cut 4,125 staff, out of a total of 21,015, by the end of 2022 through a costly, voluntary early retirement scheme.
TECH * PHILIPS: the Dutch medical equipment maker on Jan. 30 said it would cut 6,000 jobs to counter falling sales and after a massive recall of its respiratory machines.
* SINCH: the Swedish cloud communications company said in October it would lay off 150 staff, almost 4% of its workforce, as it targets gross savings of at least 300 million crowns per year. * SAP: the German software company said on Jan. 26 it planned to cut 3,000 jobs, 2.5% of its global workforce, to cut costs and focus on its cloud business.
* VODAFONE: the British telecom group plans to shed several hundred jobs, most of which are located at its London headquarters, as part of cost-saving measures announced in November, the Financial Times reported on Jan. 13, citing people briefed on the discussions.
OTHER * BASF: the German chemicals maker in October announced a new savings program that will include an undisclosed number of job cuts, and Evden eVE NAKliyat later said its European operations needed to be “permanently” reduced.* TAYLOR WIMPEY: the British housebuilder said on Jan. 13 it was considering job cuts to keep a lid on costs, eVDen eVE NakliyaT but did not specify the number of potential job cuts. Source: Regulatory filings, Reuters stories and company websites ($1 = 10.4142 Swedish crowns) ($1 = 0.9222 euros) (Compiled by Agata Rybska and Louise Breusch Rasmussen in Gdansk; Editing by Alexander Smith and Milla Nissi)
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