Wednesday 7 October 2015 7:25 am Why it’s importantTesco has been on a roller-coaster ride over the last year, but it does not appear to be getting off any time soon.Under Lewis, the supermarket has started the process of making huge cost savings, and is on track to deliver £400m from its restructure. It is also making “significant progress” on its balance sheet, with the sale of Korean arm Homeplus and a move towarsd a defined contribution pension scheme in UK.Lewis confirmed this morning that Tesco will retain its loyalty card business Dunhumby. It is thought this could be down to a lack of interest in the business. But Tesco’s core business is still under huge pressure from the budget supermarkets Aldi and Lidl who are driving the price wars – and making life difficult, not only for Tesco, but for the rest of the big four. whatsapp Share whatsapp Catherine Neilan Tesco’s share price fell this morning as the UK’s biggest retailer revealed it was struggling to show signs of an improvement a year after its profit black hole was discovered under new chief executive Dave Lewis.The figuresThe troubled supermarket’s UK like-for-likes fell 1.1 per cent for the six months to August 31, while UK’s group operating profit fell 69 per cent from £543m to £166m. International sales nudged up one per cent with growth in both Europe and Asia for the second quarter. Of course there is still the elephant in the room – Tesco’s £263m profit “overstatement”, which is currently being investigated by the Serious Fraud Office. Tesco’s share price has been battered over the last year, and closed down more than two per cent yesterday ahead of today’s results. What Tesco saidChief executive Dave Lewis said: “We have delivered an unprecedented level of change in our business over the last twelve months and it is working. The first half results show sustained improvement across a broad range of key indicators.“In the UK, we continue to improve all aspects of our offer for customers, resulting in volume growth which is allowing us to create a virtuous circle of investment.“Our transformation programme in Europe has accelerated growth and reduced operating expenses, and in Asia, we have gained market share in challenging economic conditions. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictComedyAbandoned Submarines Floating Around the WorldComedyMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror Tesco’s share price falls: Troubled supermarket reveals profits down 55pc, scraps plans to sell Dunhumby Group operating profit before exceptional items was down almost 55 per cent. Group sales were down 1.9 per cent, but after last year’s disastrous results, group statutory profit was up 63.9 per cent to £354m.Group pre-tax profit before exceptional items fell 74.3 per cent to £158m.All that means there will be no dividend paid out for this half. Tesco’s share price was down three per cent in early trading. “We have concluded our portfolio review with the sale of Homeplus, our business in Korea, enabling us to take a significant step forward on our priority of strengthening the balance sheet. Further progress will be driven by continuing to increase the level of cash generated from our retained assets.”What analysts saidDespite the gloomy headline figures, Alex Joyner, senior analyst at Galvan Research said Tesco’s results “should go some way to reassuring investors”.”UK sales figures continue to be the key metric and a fall of 1.1 per cent is better than we expected. The price cuts and store closures seem to have helped staunch the bleeding. “However, whilst ‘Drastic’ Dave’s turnaround seems to be gathering momentum, it remains to be seen if Tesco can do enough to lure savvy shoppers back from Aldi and Lidl.” Show Comments ▼
CAPE CORAL, Fla. – A Cape Coral woman is accused of crashing into a Cape Coral home Saturday morning.Cara Gritten, 29, is facing several charges including DUI with property damage. Gritten is accused of driving off the roadway on SE 20th Court and smashing into a victim’s home. The victim, Lauri Langone, said this is the third incident in which a car has collided into her residence. AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Advertisement“You can’t even believe what it looks like inside. It’s like a bomb went off! I am still finding glass on the opposite end of the house,” explained Langone. “And to think, my God if someone was in that spot at the wrong time it’s frightens me to death.”Langone feels lucky to be alive and is now hoping for change.“I’ve researched a million things but I think I need the city’s help now. I really think I do,” said Langone. WATCH: Porch pirate targets newly moved in Cape Coral residents June 16, 2021 Advertisement ‘Fun Mobile’ program to bring free meals to Cape Coral children over summer June 16, 2021 One year later: Still no answers about Cape Coral mother’s disappearance June 16, 2021 RELATEDTOPICS AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments AdvertisementTags: Cape Coral Cape Coral applies for FWC grant to improve Yacht Club Park’s marina June 16, 2021 Advertisement
OSC finalizes DSC ban Keywords Client-focused reforms, DSC mutual fundsCompanies Ombudsman for Banking Services and Investments, Canadian Securities Administrators, Ontario Securities Commission Facebook LinkedIn Twitter In particular, it points to the CSA reforms announced last month concerning client/advisor relationships (a.k.a client-focused reforms). Those reforms would require advisors to prioritize clients’ best interests, eliminate both deferred sales charges (DSCs) and trailer fees for discount brokers, but would not ban embedded commission structures across the board.Also readCSA stands pat on embedded commissions“The OSC, working with the CSA and the self-regulatory organizations, has developed a harmonized approach to address the key specific concerns we had identified in these areas, and ensures the interests of the client will be paramount in the client-registrant relationship,” the OSC states. It adds that it (along with the CSA) will develop recommendations to reform the requirements regarding advisor titles, designations and proficiency.On the question of the conflicts created by embedded compensation structures, the OSC says that it “remains committed to achieving a resolution to the use of embedded commissions and compensation arrangements that will better align the interests of registrants with those of investors, and provide greater clarity on the services provided to investors along with their associated costs.”Additionally, the regulator reports that it will work with the rest of the CSA “in considering options for strengthening OBSI’s abilities to secure redress for investors, including considering developing recommendations for implementing binding authority.”The statement adds that the OSC’s consultation on this year’s priorities also raised issues that may lead to future reforms. In particular, it says that there is support for the work of its Investor Office and its “seniors strategy.” There also is growing interest in climate change and other environmental, social and governance considerations for investors as well as strong support for efforts to reduce the regulatory burden, both by reviewing the efficacy of rules and ensuring harmonization both within the CSA and with other, international regulators.The OSC has added a new priority concerning gender diversity on corporate boards and management teams as well as plans to finalize a protocol for managing significant cyber disruptions.“Our 2018-2019 statement of priorities strikes a good balance of protecting investors, keeping markets efficient and minimizing regulatory burden,” said Maureen Jensen, chair and CEO of the OSC, in a statement. “We’re continually working to achieve the right mix, and to provide clear rules and guidance for market participants.”On the financial front, the OSC is forecasting that its revenue for fiscal 2019 will be 3.9% lower than actual revenues for fiscal 2018, and that expenses will be 15.9% higher, resulting in a projected operating deficit of $6.9 million for this year, which would reduce its $55.8 million surplus to $48.9 million by the end of March 2019. FCA seeks consumer duty standards Related news Share this article and your comments with peers on social media James Langton rangizzz/123RF Conflicts, crypto, cyber risk: the year ahead in compliance The Ontario Securities Commission (OSC) published the final version of its statement of priorities for fiscal 2019 today, which sets out its policy objectives for the commission’s current year (ending March 31, 2019). The publication comes on the heels of the Canadian Securities Administrators’ (CSA) major policy decisions on “best interest” standards and embedded commissions, which were announced last month.In today’s publication, the OSC is reinforcing its commitment to the CSA’s proposed reforms and bolstering the efficacy of the Ombudsman for Banking Services and Investments (OBSI). The regulator says that it, “remains strongly committed to investor protection and is continuing to expand its efforts to strengthen investor protection through various investor-focused initiatives.”
The Cerulli report states that, while investor demand for ESG indexes is expected to keep growing, “the risk is that they could fail to match the sustainability criteria investors believe they are buying.”For example, the report states, passive ETFs “tend to use benchmarks offered by the major index providers, but they may have little predictive power.”First, ESG-focused indexes curbed exposure to major polluters. Next, they focused on companies with large reserves of fossil fuels, the report states.“Now, the emphasis is on increasing exposure to companies with revenues exposed to the ‘green economy’,” Cerulli says in ts report.“However, climate risk and its potential impact on portfolios in the future is a complex matter,” Cerulli notes.For example, it says, fund managers have different visions about ways of integrating ESG into low-cost, passive products. The report adds that there’s a finite capacity for managers to monitor the large number of companies contained in indexes. It also cites a lack of ESG standards and a shortage of meaningful forward-looking data.“The successful integration of ESG into passive strategies will … ultimately depend on managers being able to enhance their stewardship of and their engagement with the thousands of companies they track,” Cerulli concludes. Sustainable bond issuance set record in Q1: Moody’s Related news Keywords Index funds, Responsible investing The dual trends of passive investing and environmental, social, and governance (ESG) investing are converging, but integrating them remains a challenge, according to a new report from Cerulli Associates Inc.The Boston-based consulting firm says that efforts to integrate ESG considerations with passive investing is “gathering momentum,” but that it also faces obstacles. Global insurers’ focus on ESG will impact energy sector: report James Langton Facebook LinkedIn Twitter 123RF/Weerapat Kiatdumrong Share this article and your comments with peers on social media Canadians need education on ESG investing
AdvertisementSonoma, Calif., (May 8, 2018) – 3 Badge Beverage Corporation has added three new members to their growing team. Dustin Ayers, Gerry Catanzano and Taylor Stowe have joined the company as Procurement Manager, Northeast Regional Manager and Associate Enology Marketing Manager, respectively.Dustin Ayers transitions to 3 Badge Beverage Corp. as Procurement Manager with extensive distillery experience. Previously a Procurement and Materials Manager at Frank-Lin Distillers Products Ltd. in Fairfield, CA, Ayers brings unique operations expertise to the team. In his new role, Ayers manages production planning, distribution and manufacturing operations at 3 Badge Beverage Corp.’s headquarters in Sonoma.Gerry Catanzano joins 3 Badge Beverage Corp. as Northeast Regional Manager from New York. He handles sales and distribution for 12 states and Washington, D.C., on behalf of the company. Catanzano holds a Masters of Business Administration from Long Island University and has over 35 years of sales experience. He most recently acted as the Northeast Division Manager at Mendocino Wine Company for the past 12 years.Taylor Stowe has been appointed Associate Enology Marketing Manager and is based in Sonoma, CA. In this role, she conducts marketing activities and initiatives specific to 3 Badge Beverage Corps.’ growing Enology portfolio. Stowe graduated with a B.A in Communications from Sonoma State University in 2015.“We’re very excited to grow our 3 Badge family,” said August Sebastiani, president of 3 Badge Beverage Corporation. “We are quite proud of our team and look forward as we’ve already begun to see these folks make their mark in short order. We have no doubt that they will continue to help our company grow and thrive.”3 Badge Beverage Corporation is based in Sonoma, California, and was founded in 2009 by August Sebastiani. The company offers a diverse collection of everyday luxury wine and spirits, and its mission is to over-deliver on quality and value. Their Enology portfolio includes Leese-Fitch, Gehricke, Plungerhead, Moobuzz and Cedar+Salmon wines. Included in their Mixology portfolio is Kirk & Sweeney, Pasote, Bozal and Uncle Val’s Gin. 3 Badge Beverage Corporation is located at 32 Patten Street, Sonoma, CA 95476. Additional information is located at 3badge.com.Advertisement Linkedin TAGS3 Badge Beverage CorporationDustin AyersGerry CatanzanopeopleTaylor Stowe Share ReddIt Home Industry News Releases 3 Badge Beverage Corporation Adds New Talent to Growing TeamIndustry News ReleasesWine Business3 Badge Beverage Corporation Adds New Talent to Growing TeamBy Press Release – May 8, 2018 170 0 Pinterest Twitter Email Facebook Previous articleScheid Family Wines Promotes Dave Nagengast to VP of WinemakingNext articleBurgess Cellars Offers Wow Factor and Best View in Tasting Experiences Press Release
Related Posts The investment will help NDCFS drive its organic and inorganic growth and consolidate its leadership position in the growing ophthalmology healthcare segmentMahindra Partners announced an investment of Rs 206.5 crore in New Delhi-based Centre for Sight (NDCFS). This investment will help NDCFS drive its organic and inorganic growth and consolidate its leadership position in the growing Indian ophthalmology healthcare segment. As part of this transaction, the promoters have further invested Rs 20 crore and early investor Matrix Partners India fully exited its stake in NDCFS. A total of Rs 226.5 crore has been invested, in a mix of primary and secondary investment, by Mahindra Partners and the promoters of NDCFS.“We are excited to partner with the Centre for Sight as it enters its next phase of growth,” said Parag Shah, Managing Partner, Mahindra Partners. “It is a leader in ophthalmology in India and we want to be a part of its evolution and growth into the dominant Indian eye care brand. This investment also reflects Mahindra’s core values of doing well while doing good for the communities and society in which we operate. We have great confidence in Dr Mahipal and his team, their strong focus on execution and the large, growing market they serve, will help drive the company’s future growth.”“This new investment aligns with the demographic catered to by our first healthcare investment, Medwell Ventures, which operates a home healthcare chain under the Nightingales brand.” Mr. Shah added. “It also creates a very measurable impact on the lives of people, serving close to seven lakh patients last year.”“Our focus on the principles of efficiency, precision, integrity and compassion has brought us from a single small set-up to a proud chain with state of the art ophthalmic care facilities. We believe in our tagline of ‘Every eye deserves the best’ and raising the bar of ophthalmic care thus ensuring the delivery of the latest technology to various parts of our country,” said Prof (Dr) Mahipal S Sachdev, CMD, NDCFS. Read Article By EH News Bureau on May 15, 2019 Mahindra Partners invests Rs 206 cr NDCFS Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Share Dr MahipalKeywords: Mahindra PartnersNDCFSNew Delhi-based Centre for SightParag Shah The missing informal workers in India’s vaccine story Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app Menopause to become the next game-changer in global femtech solutions industry by 2025 Phoenix Business Consulting invests in telehealth platform Healpha WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals News Comments (0) MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Add Comment
FacebookTwitterWhatsAppEmail Advertisements Needs of Children Being Discussed At Conference CultureNovember 6, 2015Written by: Denise Dennis Related#Chance2Connect to be launched in Youth Month RelatedYouth Workers Hailed RelatedGovt Preparing Residents To Tap Into Economic Value Of World Heritage Site The 10th staging of the annual Caribbean Child Research Conference kicked off on Wednesday (November 4), at the Jamaica Conference Centre, with a focus on the evolving needs of children and their right to equality and equity.Under the theme: ‘Beyond 2015: Equality and Equity for all Children’, the three-day Conference, hosted by the Sir Arthur Lewis Institute of Social and Economic Studies (SALISES) of the University of West Indies (UWI), Mona, is being attended by researchers, policymakers and representatives from various Government and non-government agencies and organisations.Discussions and presentations at the event will focus on Human Trafficking, Early Childhood Development in Jamaica, opportunities and experiences of Jamaican students with disabilities, the dynamics of child poverty in Jamaica and reducing child mortality among independent Commonwealth Caribbean countries.Deputy Principal of UWI, Professor Ishenkumba Kahwa, said the conference allows for in-depth multilevel and multinational discussion regarding new ways of ensuring that children are exposed to the best developmental opportunities offered by global society.“(The conference) provides a necessary voice for a segment of society that is often ignored and voiceless by shining a light on the various issues affecting (children’s) growth and development throughout the region,” he said, at the opening ceremony.He explained that the main objective of the conference is to educate society that each child is entitled to equal rights, based on international human rights laws.Meanwhile, Senior Director for Children’s Affairs in the Ministry of Youth and Culture, Grace Ann Stewart McFarlane, said the conference’s theme aptly serves as a reminder that it is critical to continually make adequate provisions for children by taking into account their varying needs and abilities.She said the summit has, over the years, played an important role as a catalyst for change, as it seeks to provoke creative thinking among children and youth.“The conscious and deliberate effort to get children’s participation is to be commended as we move away from the old adage that children should be seen and not heard,” Mrs. Stewart McFarlane said.The keynote address was made by Chief Executive Officer and Commissioner of the Jamaica Tertiary Executive Commission (J-TEC), Maxine Henry-Wilson, who called on families and communities to play a more involved role in the learning and development of children.The Child Development Agency (CDA) and the Planning Institute of Jamaica (PIOJ) also collaborated with SALISES to host the conference. Story HighlightsThe 10th staging of the annual Caribbean Child Research Conference kicked off on Wednesday (November 4), at the Jamaica Conference Centre, with a focus on the evolving needs of children and their right to equality and equity.Under the theme: ‘Beyond 2015: Equality and Equity for all Children’, the three-day Conference is being attended by researchers, policymakers and representatives from various Government and non-government agencies and organisations.Discussions and presentations at the event will focus on Human Trafficking, Early Childhood Development in Jamaica, opportunities and experiences of Jamaican students with disabilities, the dynamics of child poverty in Jamaica and reducing child mortality among independent Commonwealth Caribbean countries.
Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 15 DEC 2015 Qualcomm’s board has opted not to split the vendor in two, believing that “the company’s current corporate and financial structure bests positions Qualcomm to maintain its technology leadership and product strength”.It said the decision comes after a review which looked at the “benefits and challenges” of the existing structure, as well as considering the alternatives. It has long been mooted that the company may be better served if its patent licensing business was split from its semiconductor arm, although the company now said that the combination will “drive the greatest long-term stakeholder value”.And alongside the decision it announced good news, stating that its “mostly complete” fiscal first quarter has been strong relative to its guidance. This was attributed to 3G/4G device selling prices and shipments benefitting the licensing business, as well as gains realised from cost cutting.“The strategic benefits and synergies of our model are not replicable through alternative structures. We therefore believe the current structure is the best way to execute on our strategy to build on our position in the ecosystem and deliver enhanced performance and returns”, said Steve Mollenkopf, CEO.Earlier this year Qualcomm said it would review its options, alongside a “strategic realignment plan” which includes significant job cuts and an increased focus on its core businesses.The company had faced pressure from activist investor Jana Partners, which had called for Qualcomm to consider a breakup.Paul Jacobs, executive chairman of Qualcomm, said: “Over the years, as the landscape has evolved, we have periodically analysed or business structure to test whether we are best positioned to drive stockholder value, and we have made fundamental changes to enhance value when appropriate.” Blog: How is chip shortage affecting US? Author Steve Costello Related Qualcomm Español Mobile Mix: AI, Android and open RAN Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Las operadoras respaldan el papel de Qualcomm en la RAN abierta Home Qualcomm decides against split plan Previous ArticleQualcomm looks set to stick together – reportNext ArticleGalaxy S7 set to gain pressure sensing screen
INCHEON, South Korea – Angel Yin shot 7-under 65 and took a two-stroke lead after the second round of the KEB Hana Bank Championship on Friday. Yin had an eagle on the par-5 fifth hole and six birdies, as well as a lone bogey on No. 17, to finish at 11-under 133, two shots ahead of overnight leader Sung Hyun Park (69). Park, who won the U.S. Women’s Open for her first major and was ranked No. 2 in the world, was tied with fellow South Koreans In Gee Chun (65) and Jin Young Ko (67). Full-field scores from the LPGA KEB HanaBank Championship On the fifth, Yin struck a 6-iron to 12 feet and coolly sank the eagle putt. ”That got everything started,” Yin said. ”I made a few pars in the beginning, but that eagle just fired everything up.” Chun, a two-time winner on the LPGA tour, is still hunting for her first victory of the year, after posting five runner-up finishes among her eight top-10s. ”I’m quite proud of myself for maintaining the scores that I have been showing lately,” Chun said. ”I’m kind of playing without any really negative thoughts. In that sense, I look forward to the weekend.” Cristie Kerr, coming off a victory last week in France, shot 69 and was in a group of five tied for fifth at 8 under. Brooke Henderson overcame two bogeys with seven birdies for a 67 and was in a share of 13th at 6 under.
“(The children’s program) has become a big part of what we do now,” Morrison said. One veteran of the ATP’s children’s program is Casey Brown. The former Flathead High School student performed with ATP and the Bigfork Children’s Playhouse before attending the University of Southern California. This year he appeared in the FX television series “Justified,” starring Timothy Olyphant as a federal marshal in the hallows of eastern Kentucky. Last month, he moved to New York City to continue pursuing his acting career. While Brown has the talent to make it big, he said contacts he made through ATP and its children’s program have been invaluable. “It was where I got started,” he said. “The community and kids don’t know how lucky they are to have this, to have a 400-seat theater that can be filled. It’s something that should be cherished and protected.”The theater is sure to be packed this weekend, when the Alpine Kids! Theatre Project performs “Beauty and the Beast Jr.” at the Whitefish Performing Arts Center. One-hundred and nine kids have been split into two casts for four performances at 2 p.m. and 7 p.m. on Oct. 19 and 2 p.m. and 6 p.m. on Oct. 20. Tickets for the show are $15 for adults and $8 for children 12 and under. For tickets and more information, call 406-862-SHOW or visit www.atpwhitefish.org. Luke Walrath, marketing education director of the Alpine Theatre Project, teaches a bow to John Barton, right, and Isabelle Bennett during rehearsal for “Disney’s Beauty and the Beast Jr.” at Muldown Elementary School in Whitefish. – Greg Lindstrom | Flathead Beacon Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. The first time Luke Walrath and Betsi Morrison held auditions for the Alpine Kids! Theatre Project, 120 children walked through the door in Whitefish.“Betsi turned to me and said, ‘We’ve got to keep them all,’” Luke recalled. The popularity of the Alpine Theatre Project’s children’s program has not diminished in the five years since it started. On Oct. 19 and 20, more than 100 local students will come together for a performance of Disney’s “Beauty and the Beast Jr.” The kids theater program is the cornerstone of the project’s larger initiative to get young people involved in the performing arts and, since 2008, more than 750 children have taken part. Walrath said the program is beneficial to both children and the professional actors who perform in Whitefish. “It’s easy for us in the professional realm to lose sight of what got us into theater – we all got into it because we love it – but when it becomes your job, the stresses can get in the way,” he said. “This children’s program reminds us why we got into this: To move and inspire people and to create an experience for the audience. It’s fun to see the kids discover that.”The Alpine Theatre Project began in 2004 when Walrath and Morrison, a husband and wife team from New York, first moved to Whitefish, where Morrison grew up. Every summer, the project brings professional Broadway actors to perform in Whitefish. Big names who have come to town include John Lithgow, Robert Goulet and Henry Winkler. Walrath said the children’s theater project was established as a way to give back to the community that has been so supportive over the last decade. “Our goal isn’t to breed the next Broadway star but rather get as many kids exposed to theater and show them what it can do to their lives,” he said. “It can enhance creativity and give them confidence, all important life skills.” Walrath said no child is turned away from the program, but everyone must audition. When there are more kids than roles, the group is split in two and they have two full casts for multiple performances. During the fall, students from grades first through eighth perform, and in the spring students from the local high schools take the stage. According to Morrison, the kids have performed everything from “High School Musical” to the “Jungle Book.” Email