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Exclusive: Advent and Blackstone among bidders for WPP market research arm Kantar – sources

FILE PHOTO: Mark Read, chief executive of WPP, leaves following the AGM in London, Britain, June 13, 2018
FILE PHOTO: Mark Read, chief executive of WPP, leaves following the AGM in London, Britain, June 13, 2018. REUTERS/Toby Melville/File Photo

March 19, 2019

By Kate Holton and Pamela Barbaglia

LONDON (Reuters) – A series of buyout funds including U.S. firms Advent and Blackstone are in talks with advertising group WPP to explore bids for a majority stake in its data analytics unit Kantar, four sources familiar with the matter told Reuters.

The sale, led by Goldman Sachs, may value Kantar at up to 3.5 billion pounds ($4.7 billion), but some private equity investors are fretting over the decline in profits and revenues that the business has suffered in recent years.

Hellman & Friedman and CVC Capital Partners are also working on the deal, the sources said, while industry players have so far shied away from the process.

Bain Capital has also expressed interest in making a bid for Kantar, another source said, adding Bain might later decide to team up with one of the other buyout funds in the race.

WPP sent out confidential information packs this week, with non-binding offers expected in April, one of the sources said.

WPP, Blackstone, Advent and CVC declined to comment, while representatives at Bain Capital and Hellman & Friedman were not immediately available.

WPP, the owner of agencies including JWT, Finsbury and Ogilvy, is in the middle of an overhaul launched by its new boss Mark Read following several profit warnings in 2017 and 2018.

The London-based group wants to sell a majority stake in Kantar to reduce debt as it braces for a tough year with revenue expected to drop by between 1.5 and 2 percent in 2019.

Kantar, a leading player in market research, provides brand and marketing communications research for some of the world’s largest advertisers.

Yet it has suffered a decline in revenue in recent years, with underlying sales down 2 percent last year to 2.6 billion pounds and operating profit down 14 percent to 301 million.

“The deal poses some challenges for private equity funds as it’s been on a downward trajectory for a while,” one source said.

Private equity investors are examining the turnaround potential of a possible deal, the sources said, and would value the business at up to 10 times its earnings before interest, tax, depreciation and amortization (EBITDA), hoping to reignite growth within the first three years of their investment.

Liberum analyst Ian Whittaker said in February that Kantar could fetch more than 3 billion pounds, with WPP raising close to 2.1-2.2 billion pounds from a 60 percent stake sale.

WPP boss Read aims to complete the sale by the end of the summer as he needs cash to steer the world’s biggest advertising group back to growth.

Read took the helm of WPP last year, pledging to spend 300 million pounds to restructure the group and bring it back in line with peers by the end of 2021.

Founder Martin Sorrell, 74, remains a major WPP shareholder but is now running a new company which last year beat WPP in the race to buy Dutch digital agency MediaMonks.

(Editing by David Holmes)

Source: OANN

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The Latest: Thai king warns about bad people gaining power

The Latest on Thailand's general election (all times local):

9:10 a.m.

Thailand's King Maha Vajiralongkorn has issued a statement as Thais vote in their first election since a 2014 coup that says the role of leaders is to stop "bad people" from gaining power and causing chaos.

Invoking a speech by his father, the previous Thai king who died in 2016 after reigning for seven decades, Vajiralongkorn said not all citizens can be transformed into good people so leaders must be given support in ruling to create a peaceful nation.

He urged government officials, soldiers and civil servants to look after national security.

Prime Minister Prayuth Chan-ocha, the army chief who led the 2014 coup, is hoping to extend his hold on power after engineering a new political system that aims to stifle the influence of big political parties not aligned with the military

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8 a.m.

Voting is underway in Thailand's first election since the military ousted an elected government in a 2014 coup.

Prime Minister Prayuth Cha-cha, the army chief who led the coup, is hoping to extend his time in power after engineering a new political system that aims to stifle the influence of big political parties not aligned with the military.

About 51 million Thais are eligible to vote Sunday. Leaders of civilian political parties have urged a high turnout as the only way to derail Prayuth's plans.

The election is the latest chapter in a nearly two-decade struggle between conservative forces including the military and the political machine of Thaksin Shinawatra, a tycoon who upended tradition-bound Thailand's politics with a populist political revolution.

Source: Fox News World

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Mozambique death toll rises to 446 after cyclone: minister

A woman washes clothes in a river of water running across a road that was created after Cyclone Idai in Chimanimani
A woman washes clothes in a river of water running across a road that was created after Cyclone Idai in Chimanimani, Zimbabwe, March 24, 2019. REUTERS/Philimon Bulawayo

March 24, 2019

BEIRA (Reuters) – The death toll after a powerful cyclone in Mozambique has risen to 446 from 417, the minister of land and environment, Celso Correia, said on Sunday, adding that 531,000 people had been affected by the disaster.

Cyclone Idai lashed the Mozambican port city of Beira with winds of up to 170 kph (105 mph), then moved inland to Zimbabwe and Malawi, flattening buildings and putting the lives of millions at risk.

(Reporting by Yvonne Bell; Writing by Olivia Kumwenda-Mtambo; Editing by Alison Williams)

Source: OANN

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Algeria: Skepticism greets president’s planned exit

Algerian protesters and opposition leaders are cautiously welcoming President Abdelaziz Bouteflika's planned departure, but say it doesn't go far enough.

Former Prime Minister Ali Benflis and a moderate Islamist movement are among leading voices criticizing the move because it would leave the country's secretive, distrusted power structure in place.

A standoff is also intensifying between Bouteflika's entourage and that of the powerful army chief, who turned against the president amid mass protests over Bouteflika's 20-year rule.

Bouteflika bowed to mounting pressure Monday and announced he will step down by the end of his term April 28, according to his office. Protesters fear it will pave the way for a hand-picked successor instead of a truly democratic change of power.

Students are holding protests in Algiers on Tuesday, and demonstrators are already planning for new nationwide protests Friday.

Source: Fox News World

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Barrasso Asserts Drug Costs ‘Actually Coming Down’

Sen. John Barrasso, R-Wyo., declared Sunday that drug costs are “actually coming down” despite scrutiny into the pharmaceutical industry and voters’ concerns about rising prescription drug cost rises.

In an interview on NBC News’ “Meet The Press,” Barrasso warned against a governmentt takeover of healthcare as some progressive Democrats have called for.

Drug costs ….are actually coming down,” said Barrasso, a medical doctor whose wife has battled breast cancer. “But we need bipartisan support at a time where the Democrats want to take over all of healthcare and eliminate insurance from 160 million Americans.”

My concern is that the biggest threat that I see to the freedom and economic [well-being]  of this country is the complete government takeover of healthcare which is where the Democrats are going — this Medicare for all with longer lines, rationing of care, higher taxes, less freedom,” Barrasso asserted.

Related Stories:

Source: NewsMax Politics

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Ex-U.S. Vice President Biden denies inappropriate conduct over alleged kiss

FILE PHOTO: Munich Security Conference in Munich
FILE PHOTO: Former U.S. Vice President Joe Biden speaks during the annual Munich Security Conference in Munich, Germany February 16, 2019. REUTERS/Andreas Gebert

March 31, 2019

WASHINGTON (Reuters) – Former U.S. Vice President Joe Biden said on Sunday he believed he had never acted inappropriately following allegations by a female activist that he made her feel uncomfortable by kissing her at a campaign event in 2014.

“In my many years on the campaign trail and in public life, I have offered countless handshakes, hugs, expressions of affection, support and comfort. And not once – never – did I believe I acted inappropriately. If it is suggested I did so, I will listen respectfully. But it was never my intention,” Biden said.

Biden said he does not recall the 2014 incident.

The allegation was made in an online essay published on Friday by Lucy Flores, a party activist who was running to be Nevada’s lieutenant governor. Flores said Biden also touched her shoulders and smelled her hair when they appeared at an event together, making her feel uncomfortable.

“I may not recall these moments the same way, and I may be surprised at what I hear. But we have arrived at an important time when women feel they can and should relate their experiences, and men should pay attention. And I will,” Biden’s statement continued.

Biden served eight years as vice president under former President Barack Obama and 36 years in the U.S. Senate. He has not yet said whether he will run for president in 2020, but has been expected to throw his hat into the ring soon.

(Reporting by Michelle Price; Editing by Lisa Shumaker)

Source: OANN

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Democrats Become Political Proctologists Over Russian Collusion

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Source: InfoWars

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“Outdated laws” need fixing to deal with the surge in illegal immigrant families crossing the U.S. border with Mexico, a top Border Patrol official said Friday.

Migrant families face no consequences if apprehended trying to cross the border illegally under present law, Border Patrol chief of Operations Brian Hastings claimed during an appearance on “Fox & Friends.”

“We need a change in the current outdated laws that we’re dealing with for this current demographic and this crisis that we have,” he said.

Hastings said as of Thursday there have been 440,000 apprehensions along the southwest border. There were 396,000 apprehensions all of last year.

SOUTHERN BORDER AT ‘BREAKING POINT’ AFTER MORE THAN 76,000 ILLEGAL IMMIGRANTS TRIED CROSSING IN FEBRUARY, OFFICIALS SAY

And those numbers continue to rise, he said.

Historically 70 to 90 percent of apprehensions at the border were quickly returned to Mexico, Hastings said.

Now, 83 percent of those apprehended have come from the Central American northern triangle which includes Guatemala, El Salvador, and Honduras, and of those 63 percent are “family units” and children who cannot be returned, he said.

“There are no consequences that we can apply to this group currently,” Hastings said. “We’re overwhelmed. If you look at agents there doing a tremendous job trying to deal with the flow.”

The law dictates children have to be released after 20 days of detention.

FLORIDA SHERIFF ON BORDER CRISIS AFTER MAJOR DRUG BUST: ‘IT MAKES ME ABSOLUTELY CRAZY’

Sen. Lindsey Graham, R-S.C., says that has forced immigration officials to release entire families because “you don’t want to separate families.”

Recently, he said he is drafting legislation that would allow children to be detained for more than 20 days.

Hastings said agents are frustrated with the situation but are doing the best they can with the resources they have.

CLICK HERE TO GET THE FOX NEWS APP

“Up to 40 percent of our agents are processing at any given time,” he said. “That should say that in and of itself is pulling from those border security resources.”

Source: Fox News National

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President Trump on Friday blasted liberal billionaire activist Tom Steyer for his continued push to impeach Trump — with Trump claiming Steyer is “trying to remain relevant” and doesn’t have the “guts” to run for the White House himself.

“Weirdo Tom Steyer, who didn’t have the ‘guts’ or money to run for President, is still trying to remain relevant by putting himself on ads begging for impeachment,” the president tweeted. “He doesn’t mention the fact that mine is perhaps the most successful first 2 year presidency in history & NO C OR O! [Collusion or Obstruction]”

TRUMP IMPEACHMENT BACKERS NOT GIVING UP AFTER MUELLER REPORT

Trump and his allies have pointed to Special Counsel Robert Mueller’s Russia report’s conclusions that there was no evidence of collusion between Russia and the Trump campaign and its decision not to make a conclusion on obstruction of justice as a vindication for the president.

But some Democrats and left-wing activists have pointed to the instances of possible obstruction of justice that the investigation looked into as proof of the need for more investigations or even impeachment proceedings.

ELIZABETH WARREN DOUBLES DOWN ON TRUMP IMPEACHMENT PUSH, SAYS IT’S ‘BIGGER THAN POLITICS’

Steyer has been one of the leaders backing a push to impeach Trump and founded “Need to Impeach” and has kept up that push since the report’s release. He announced on Thursday that he was calling on Speaker Nancy Pelosi, D-Calif., to support impeachment proceedings.

On Friday he responded to Trump’s tweet, calling him “angry and scared.”

“I know you want it all to go away. But for the sake of the country you must face your transgressions. Rage away, but that anger doesn’t matter,” he said in a tweet. The truth and the people will prevail.”

CLICK HERE TO GET THE FOX NEWS APP

Impeachment hearings have been backed by a number of House Democrats, as well as 2020 presidential hopefuls Sens. Elizabeth Warren, D-Mass., and Kamala Harris, D-Calif. However, Pelosi has long been skeptical of impeachment proceedings against Trump.

“I’m not for impeachment,” Pelosi told The Washington Post in an interview last month. “Impeachment is so divisive to the country that unless there’s something so compelling and overwhelming and bipartisan, I don’t think we should go down that path, because it divides the country. And he’s just not worth it.”

Source: Fox News Politics

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A Florida measure that would ban sanctuary cities is set for a vote Friday in the state’s Senate after clearing its first hurdle earlier this week.

The bill would effectively make it against the law for Florida’s police departments to refuse to cooperate with federal immigration officials.

“The Governor may initiate judicial proceedings in the name of the state against such officers to enforce compliance,” a draft version of the Senate bill reads.

A House version of the bill, which passed by a 69-47 vote Wednesday, adds that non-complying officials could be suspended or removed from office and face fines of up to $5,000 per day. Republican Gov. Ron DeSantis is expected to sign off on the measure, although it’s not clear which version.

FLORIDA MAY SEND A BIG MESSAGE TO SANCTUARY CITIES

Florida Rep. Carlos Guillermo Smith (D-Orlando), during a press conference at the Florida Capitol in Tallahassee, speaks out against bills in the House and Senate that would ban sanctuary cities in the state.

Florida Rep. Carlos Guillermo Smith (D-Orlando), during a press conference at the Florida Capitol in Tallahassee, speaks out against bills in the House and Senate that would ban sanctuary cities in the state. (AP)

LAWRENCE JONES: NEEDLES, DRUG USE AND HUMAN WASTE ARE THE NEW NORMAL IN SAN FRANCISCO

Florida is home to 775,000 illegal immigrants out of 10.7 million present in the United States, ranking the state third among all states.

Nine states — Alabama, Arizona, Georgia, Iowa, North Carolina, Mississippi, Missouri, Tennessee and Texas — already have enacted state laws requiring law enforcement to comply with Immigration and Customs Enforcement.

Florida doesn’t have sanctuary cities like the ones in California and other states. But Republican lawmakers say a handful of their municipalities — including Orlando and West Palm Beach – are acting as “pseudo-sanctuary” cities, because they prevent law enforcement officials from asking about immigration status when they make arrests.

“There are still people here in the state of Florida, police chiefs that are just refusing to contact ICE, refusing to detain somebody that they know is here illegally,” Florida Republican Rep. Blaise Ingoglia said earlier this month. “So while the actual county municipality doesn’t have an actual adopted policy, they still have people in power within their sheriff’s department or police department that refuse to do it anyway.”

Florida’s Democratic Party has blasted the anti-Sanctuary measures, while the Miami-Dade Police Department says it should be up to federal authorities to handle immigration-related matters.

CLICK HERE TO GET THE FOX NEWS APP

“House Republicans today sold out their communities to Donald Trump and Ron DeSantis by passing this xenophobic and discriminatory bill,” the state’s Democratic Party said Wednesday after the House passed their version of the bill. “It’s abhorrent that Republican members who represent immigrant communities are now turning their backs on their constituents and jeopardizing their safety.

“Florida has long stood as a beacon for immigrant communities — and today Republicans did the best they could to destroy that reputation,” they added.

Fox News’ Elina Shirazi contributed to this report.

Source: Fox News National

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FILE PHOTO: Supporters of the Spain's far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville
FILE PHOTO: Supporters of the Spain’s far-right party VOX wave Spanish flags as they attend an electoral rally ahead of general elections in the Andalusian capital of Seville, Spain April 24, 2019. REUTERS/Marcelo del Pozo/File Photo

April 26, 2019

By John Stonestreet and Belén Carreño

MADRID (Reuters) – Spain’s Vox party, aligned to a broader far-right movement emerging across Europe, has become the focus of speculation about last minute shifts in voting intentions since official polling for Sunday’s national election ended four days ago.

No single party is anywhere near securing a majority, and chances of a deadlocked parliament and a second election are high.

Leaders of the five parties vying for a role in government get final chances to pitch for power at rallies on Friday evening, before a campaign characterized by appeals to voters’ hearts rather than wallets ends at midnight.

By tradition, the final day before a Spanish election is politics-free.

Two main prizes are still up for grabs in the home straight. One concerns which of the two rival left and right multi-party blocs gets more votes.

The other is whether Vox could challenge the mainstream conservative PP for leadership of the latter bloc, which media outlets with access to unofficial soundings taken since Monday suggest could be starting to happen.

The right’s loose three-party alliance is led by the PP, the traditional conservative party that has alternated in office with outgoing Prime Minister Pedro Sanchez’s Socialists since Spain’s return to democracy in the 1970s.

The PP stands at around 20 percent, with center-right Ciudadanos near 14 percent and Vox around 11 percent, according to a final poll of polls in daily El Pais published on Monday.

Since then, however, interest in Vox – which will become the first far-right party to sit in parliament since 1982 – has snowballed.

It was founded in 2013, part of a broader anti-establishment, far-right movement that has also spread across – among others – Italy, France and Germany.

While it is careful to distance itself from the ideology of late dictator Francisco Franco, Vox’s signature policies include repealing laws banning Franco-era symbols and on gender-based violence, and shifting power away from Spain’s regional governments.

TRENDING

According to a Google trends graphic, Vox has generated more than three times more search inquiries than any other Spanish political party in the past week.

Reasons could include a groundswell of vocal activist support at Vox rallies in Madrid and Valencia, and its exclusion from two televised debates between the main party leaders, on the grounds of it having no deputies yet in parliament.

Conservative daily La Vanguardia called its enforced absence from Monday’s and Tuesday’s debates “a gift from heaven”, while left-wing Eldiario.es suggested the PP was haemorrhaging votes to Vox in rural areas.

Ignacio Jurado, politics lecturer at the University of York, agreed the main source of additional Vox votes would be disaffected PP supporters, and called the debate ban – whose impact he said was unclear – wrong.

“This is a party polling over 10 percent and there are people interested in what it says. So we lose more than we win in not having them (in the debates),” he said

For Jose Fernandez-Albertos, political scientist at Spanish National Research Council CSIC, Vox is enjoying the novelty effect that propelled then new, left-wing arrival Podemos to 20 percent of the vote in 2015.

“While it’s unclear how to interpret the (Google) data, what we do know is that it’s better to be popular and to be a newcomer, and that Vox will benefit in some form,” he said.

For now, the chances of Vox taking a major role in government remain slim, however.

The El Pais survey put the Socialists on around 30 percent, making them the frontrunners and likely to form a leftist bloc with Podemos, back down at around 14 percent.

The unofficial soundings suggest little change in the two parties’ combined vote, or the total vote of the rightist bloc.

That makes it unlikely that either bloc will win a majority on Sunday, triggering horse-trading with smaller parties favoring Catalan independence – the single most polarizing issues during campaigning – that could easily collapse into fresh elections.

(Election graphic: https://tmsnrt.rs/2ENugtw)

(Reporting by John Stonestreet and Belen Carreno, Editing by William Maclean)

Source: OANN

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The Amish population in Pennsylvania’s Lancaster County is continuing to grow each year, despite the encroachment of urban sprawl on their communities.

The U.S. Census Bureau says the county added about 2,500 people in 2018. LNP reports that about 1,000 of them were Amish.

Elizabethtown College researchers say Lancaster County’s Amish population reached 33,143 in 2018, up 3.2% from the previous year.

The Amish accounted for about 41% of the county’s overall population growth last year.

Some experts are concerned that a planned 75-acre (30-hectare) housing and commercial project will make it more difficult for the county to accommodate the Amish.

Donald Kraybill, an authority on Amish culture, told Manheim Township commissioners this week that some in the community are worried about the development and the increased traffic it would bring.

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Information from: LNP, http://lancasteronline.com

Source: Fox News National

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