Meat producer Cranswick boosts revenue 25 per cent on strong lockdown demand

first_imgMonday 17 August 2020 8:34 am “We have made a strong start to the year. Whilst we remain cautious about the longer-term economic impact of covid-19 and the uncertainty surrounding the ongoing Brexit negotiations we are well positioned to address these challenges. Our positive momentum reflects the continued investment we make across our asset base and the quality and capability of our colleagues across the business.” The company said revenue in the 13 weeks to 27 June was 24.8 per cent ahead of the same point the previous year. Cranswick said excluding the contribution from acquisitions made in the prior year, revenue on a like-for-like basis was 19.2 per cent higher. American company Pilgrim’s Pride will buy Kerry Group’s business that manufacturers Richmond sausages. whatsapp American company Pilgrim’s Pride will buy Kerry Group’s business that manufacturers Richmond sausages. Also Read: Meat producer Cranswick boosts revenue 25 per cent on strong lockdown demand “As a result of the current shift towards greater in-home consumption, retail demand has been exceptionally robust,” the company said. Show Comments ▼ whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale Cranswick said its strong performance has continued into the second quarter. Cranswick said its “proactive and comprehensive covid-19 action plan” continues and said it had paid a £500 bonus to on-site workers to recognise their contribution during the pandemic. Share The company said it expected to be ahead of previous expectations for the year financial year ended 27 March 2021. Food production facilities have been hotspots of coronavirus outbreaks in the UK and around the world. Cranswick chief executive Adam Couch said: “Our teams across the business have responded brilliantly during these extraordinary and unparalleled times and I would like to thank them for their incredible support and hard work which has enabled us to continue to deliver premium food products with outstanding service to our customers. Cranswick shares rose 4.8 per cent this morning to 4,010p. Sausage-and-pie producer Cranswick today said its revenue for the first quarter was nearly 25 per cent ahead of the same period last year thanks to strong retail demand during lockdown. Meat producer Cranswick boosts revenue 25 per cent on strong lockdown demand Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoDefinitionThe 20 Worst Draft Picks Ever – Ryan Leaf Doesn’t Even Crack The Top 5DefinitionUndoBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndoJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndo James Booth Cranswick said it expected demand to normalise through the rest of the year as consumers begin to eat out more. The company said net debt fell during the quarter as a results of its strong performance. American company Pilgrim’s Pride will buy Kerry Group’s business that manufacturers Richmond sausages. Also Read: Meat producer Cranswick boosts revenue 25 per cent on strong lockdown demand last_img read more

Airbus files patent for “stacked” passenger seats

first_img(Source: Airbus/US Patent and Trademark Office ) “In modern means of transport, in particular in aircraft, it is very important from an economic point of view to make optimum use of the available space in a passenger cabin,” it wrote.Read more: Airbus wins patent for a hypersonic planeIt’s not the first time Airbus has thought creatively in a bid to cram more passenger onto its flights – another of the group’s more wacky patents include standing, bicycle-like seats which would fit more people in.Another patent that’s likely to receive a warmer reception from customers is a hypersonic plane that could fly from London to New York in just one hour. Show Comments ▼ 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 Airbus files patent for “stacked” passenger seats Wednesday 7 October 2015 2:51 pm whatsappcenter_img The future of economy air travel looks like it will be a lot less comfortable, if Airbus patents are anything to go by.The aircraft manufacturer has filed a patent with the US Patent and Trademark office, and while it features several possible designs, essentially seats are stacked on top of one another.  (Source: Airbus/US Patent and Trademark Office) whatsapp Jessica Morris Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wraplast_img read more

News / Shippers want more transparency from those who handle their ocean freight

first_img By Alexander Whiteman 25/03/2019 Shippers have called on carriers, infrastructure operators and freight service providers to improve visibility in the ocean freight supply chain.Speaking at the European Shippers’ Council’s Maritime Day in Rotterdam last week, Bart Kuipers of the city’s Erasmus University said ports had a particularly bad reputation.“One shipper told me that whenever someone mentions the phrase ‘sea port’ to him, he shudders,” said Mr Kuipers.“He compares the problems he has experienced at ports – and those colleagues have told him of – to black holes, places where things can happen without any visibility.”Senior advisor in Drewry’s supply chain team Stijn Rubens said he believed part of the problem with lack of transparency in shipping was due to the industry’s fragmentation.However, despite the complexities involved in improving visibility, there had been some effort by liners to achieve this, he added.“Although this comes with the caveat of a very big ‘but’,” continued Mr Rubens. “There are core problems, such as how you handle all the data if you adopt a technological solution to improve things.“Would shippers be willing to pay for all that data, and would they be willing to deal with it, and also know how to deal with it? There are two sides to every story.”Belgian Shippers’ Council vice president Jurgen Huygh said transparency was “very important” for cargo owners. In particular, he noted, shippers wanted improved visibility on pricing and charges, as the rates they were being given did not always “tell the whole story”.“We go to the forwarder, we get a price, but this is not the complete price; there are multiple surcharges that we then have to add on,” said Mr Huygh.“If you look only at the container price, this is the wrong reflection when choosing a carrier and forwarder, so you need the full cost to make the complete decision.”Even so, he acknowledged, there had been improvements over recent years when it came to carriers enhancing visibility. He cited the ability, on shipping lines’ websites, to see where ships are, what their expected arrival time is at ports and any issues that may affect this.“And there is more neutral data now, which means you can reflect on what you’re being told. This allows you to see if what your supply chain partners are telling you is genuine, or if there is party at fault trying to offload its responsibilities.” Long Beach, © trekandshoot | Dreamstime.comlast_img read more

News / The way out of the maze that is the world’s demurrage and detention charges

first_imgID 178956165 © Fahmi Abu Bakar | By Gavin van Marle 10/06/2020 Shipper fury at demurrage and detention (D&D) charges levied by carriers serving US ports suddenly became a lot more understandable today.According to new research from online container logistics platform Container xChange, there are huge variations in the levels of D&D charges around the world – not only between the major ports, but between different carriers in any given port.The research shows that D&D fees in Long Beach and Los Angeles are by far the world’s most expensive.It found that shippers in Los Angeles and Long Beach respectively pay an average of $196.88 and $173.28 a day per 20ft dry container, after a 14-day free period.This compares with shippers in Busan – the cheapest of the ports surveyed – paying an average of $6.50 a day.However, disparities between carriers’ own D&D charges means it is not always a simple choice between ports, the research found.“For shipments going to European hinterland locations, Hamburg, Antwerp and Rotterdam offer similar conditions, the port of Hamburg comes in as the most expensive, at $65 for a 20ft dry containers on day 14, followed by Rotterdam at $53 and Antwerp at $49.“However, comparing carriers still makes sense, as charges levied by shipping lines range from $21.80 to $136.25 for a 20ft on day 14. As a result, Hamburg can be $60 per container per day cheaper if you choose Yang Ming ($21 pc/pd) in Hamburg, instead of Maersk ($76 pc/pd) in Antwerp,” the report says.Meanwhile in South-east Asia, the average D&D charge is $41.33 in Singapore, nearly double that of its main competitor in the region, Malaysia’s Port Klang, where the average D&D charge is $21.And there is a further factor for carrier customers to take into account: the number of free days offered by carriers at ports – in Long Beach and Los Angeles, the average number of free days offered is just over four, while in Busan it is just over 10.And within a single port, free days offered by carriers can vary by an even greater degree – in Rotterdam, Maersk offers 4.5 days free, while Cosco offers 11 days.“If you compare free days [in Rotterdam] and choose Cosco instead of Maersk, it saves you up to $247 for a 20ft,” the report says.In addition to the research, Container Xchange has developed an online D&D calculator for shippers and their 3PLs to compare charges across different ports and carriers.last_img read more

Canada’s legalization of marijuana offers a blueprint for the U.S.

first_img Newsletters Sign up for First Opinion A weekly digest of our opinion column, with insight from industry experts. Tags marijuana I can’t imagine the country continuing down a path where a burgeoning new industry is notably constrained and a growing percentage of the country is both following the law and in violation of it at the same time. The DEA wanted new suppliers of marijuana for research. Two years later, nothing has changed And although Canada has done a phenomenal job structuring a program that squeezes out illegal competition, unlicensed drug dealers aren’t giving up without a fight. Illegal cannabis dealers in Canada have responded to legalization by lowering their prices to make them more competitive. It will be interesting to see how the country will address this.Looking aheadAlthough Canada still has some issues to address, the rollout of its legalization of marijuana has been smooth. It has generated excitement across the country, as well as within the U.S. investment community. Following legalization, American investment dollars began pouring into Canadian marijuana producers, retailers, and grow technologies. The fact that Canada legalized cannabis before the U.S. will give the country a leg up on the cannabis business, leaving the U.S. to play catchup if and when it ever is legalized nationally. Canadian companies are already investing in the U.S. market and looking to license U.S. products, and they have the best shot of building the biggest portfolios of companies. There’s also speculation that Canada could set up a lucrative export business for other countries that have legalized medical use of cannabis.The U.S. has a lot to gain should it decide to follow in Canada’s footsteps. It could eliminate the costs of incarcerating citizens for something that 33 states now say is legal, drive out a black market, and give people more safety and transparency in purchasing cannabis. By legalizing cannabis, Canada acknowledges that battling citizens who aren’t committing violent acts or hurting others isn’t worth doing. It’s a paradigm shift that other countries, like the U.S., should tap into.Lyle Hauser is the founder and CEO of The Vantage Group, a Florida-based private equity firm and specialized business consultancy that serves early-stage companies, including cannabis and cannabis technology companies. Related: Related: Please enter a valid email address. @LyleHauser By Lyle Hauser March 22, 2019 Reprints Privacy Policycenter_img First OpinionCanada’s legalization of marijuana offers a blueprint for the U.S. Novartis unit teams up with medical marijuana producer, marking milestone for pharma Lyle Hauser A woman smokes marijuana in Vancouver on Oct. 17, 2018, the day Canada legalized cannabis. DON MACKINNON/AFP/Getty Images About the Author Reprints Congress could address some of these issues by repealing the federal ban as it relates to conduct that is permitted under state law. But a more sweeping solution like the one adopted by Canada would prove the most beneficial for all parties, our government included.What’s working so farThe Canadian government took the time to assemble a federal task force to help craft a bill that anticipated and addressed many of the issues that could result from legalization. The legislation is deep and comprehensive, yet manages to leave the majority of regulatory decisions — such as where cannabis can be sold and consumed — in the hands of its provinces, an approach I believe the U.S. will want to emulate.Under the Cannabis Act, Canadian provinces retain the ability to ban recreational use, a scenario that should be attractive to America’s most conservative states. But residents of provinces that ban recreational use can still order cannabis online from a government-run website. That eradicates the need for illegal drug purchases even in areas that aren’t prepared to condone recreational use of marijuana. An approach like Canada’s, which lets states stay true to their values, also has the best chance of persevering despite a divided government.Another selling point of Canada’s model is the institution of modest taxes on marijuana. These not only generate revenue but also help displace the black market. The national government is imposing an excise tax of 10 percent or $1 Canadian per gram, whichever is higher, and gives provinces 75 percent of the revenue. That’s in addition to sales taxes, which range from 5 to 15 percent. These taxes are still less than those in California, where higher taxes have resulted in legal marijuana costing about 77 percent more than cannabis being sold by unauthorized dealers. This is also true in other tax-heavy U.S. states: Legal marijuana is being priced out of the market. Leave this field empty if you’re human: Another factor that drives individuals to the black market is the minimum age to buy marijuana. Canada’s is set at 18 years, whereas in the 10 American states that have legalized recreational use, the purchase age is 21. That means the 38 percent of college students who use marijuana (as of 2017) must continue to do so illegally.If the U.S. is to truly benefit from legalization, it will need to take similar steps to squelch its black market as Canada has done.The Canadian government is also sealing conviction records for marijuana consumers who were charged for crimes that have since become legal, without fees and waiting periods. This is a huge benefit to those who were caught in an ineffective and decades-long “war on drugs.”What needs more workAlthough Canada’s approach has been overwhelmingly thorough and positive, changes this big are bound to have a few kinks that need to be worked out. The longer we’re able to observe the transition, the more we’ll learn, but there are a few immediate lessons we can take away from Canada’s efforts so far.One is the country’s failure to address what to do about people who are currently incarcerated for possession crimes that have since become legal. While the country is actively working to help citizens who have already served their time, those who remain in jail also need assistance.Critics have noted that Canada’s strict packaging laws, which require companies to use plain packages and regulate font size, styles and colors, have made it more difficult for brands and suppliers to clearly articulate how products differ and recommend the best strains and doses to users. These laws are well-intentioned, as they’re meant to prevent companies from marketing their products to children. But poorly branded products make it harder for buyers to identify the products most likely to meet their needs. When Canada legalized cannabis last fall, the country began blazing a trail that the U.S. should one day follow. There’s much to emulate about the Canadian government’s approach to legalization, and a few things to avoid, but having marijuana legalized on such a large scale so close to home will no doubt have a profound effect on America’s future treatment of the issue.Medical or recreational marijuana is now legal in 33 U.S. states, even though its possession or use is illegal under federal law. It’s an untenable situation that individuals engaging in an activity that’s now legal in 60 percent of the country are violating federal law. This is problematic for marijuana users, as well as for the cannabis industry. And even though a market is taking shape to support the use of both medical and recreational marijuana, it’s proving to be a stilted effort at best.National banks are hesitant to get involved, meaning that cannabis companies are struggling to secure loans and lines of credit. This also complicates leasing, contracting, insurance, banking, income taxes, and more. And beyond all that, growers, dispensaries, and other would-be industry participants must be willing to commit federal felonies daily, exposing themselves to risks like steep fines, forfeiture, and jail time.advertisement Canada is just the second country in the world, after Uruguay, to legalize recreational marijuana. Its passage of the Cannabis Act created a blueprint that the U.S. could follow. It also puts us in the prime position to observe the strengths and weaknesses of a large country’s legalization efforts and tailor our own approach accordingly. If Canada’s rollout continues to unfold without any major catastrophes, U.S. lawmakers pushing for federal reform will have a credible model to use to inform their conversations.advertisementlast_img read more

Mystery boat leaves Sanibel beachgoers puzzled

first_imgTraffic Homicide Unit investigates Sanibel crash that left one man dead June 14, 2021 AdvertisementOn Tuesday, Lee County, the City of Sanibel, the Sanibel Captiva Conservation Foundation and the Coast Guard could not provide answers on what the vessel was. “Unless they are not supposed to tell us what is going on,” Prater added. Some speculated that it could be part of the Captiva Erosion Prevention Project, but on Tuesday that was debunked, with the organization saying that the project doesn’t start until next month.  By Home Sweet Home | Presented by California Closets Solved: NBC2 gets answers on mysterious barge that left Sanibel visitors puzzled June 16, 2021 Tree trimmer shocked by electrical lines on Sanibel June 3, 2021 SANIBEL, Fla. – A boat spotted along the horizon of Sanibel Island has a lot of people stumped. It was seen on Friday by a number of people, but no one knows why it was there. “It was kinda tall, had these little bars on it. To me it almost looked like an oil thing,” said Tony Prater of Cape Coral. “We all were curious as to what it was. But we were just relaxing at the beach anyway.” He noticed what appeared to be a barge off in the horizon, slowly moving north. Prater wasn’t alone either, as multiple people posted pictures online showing the exact same thing. “And way down towards the east I just saw three posts sticking up in the air, and I thought what is that?” said Brian Hoover, Visiting from Pennsylvania.  Home Upgrade Guide: DIY Project or Call a Pro? 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 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 So for now, the strange, enormous barge spotted off Sanibel, remains a mystery.  Sponsored Content Check out our guide to home upgrades, and learn what you can easily handle yourself versus when to call an expert. Boater dies after crashing into Cape Coral dock May 28, 2021 AdvertisementTags: boatMysterySanibel Advertisement Advertisementlast_img read more

All the latest GAA fixtures as attention switches to football

first_img All the latest GAA fixtures as attention switches to football Home Gaelic Football Club Football All the latest GAA fixtures as attention switches to football Gaelic FootballClub FootballSport News Twitter Electric Picnic Pinterest Electric Picnic After the drama from the hurling at the weekend, focus turns back to the Football championship in the upcoming week.There are quarter final places up for grabs in the senior championship as the championship will end for 4 teams. Also, we will know the two teams who will be contesting the relegation play-off.While in the intermediate championship there is semi final spots up for grabs.In the Ladies football championship, all six semi finals in the junior, intermediate and senior football championship will be played.Check out all the fixtures below:TUESDAY SEPTEMBER 15Ladies Junior Football Championship Semi FinalBallyfin v The Heath in Ballyfin at 6pmGraiguecullen v Portlaoise in Graiguecullen at 6pmWEDNESDAY SEPTEMBER 16Ladies Intermediate Football Championship Midlands ParkPark-Ratheniska v St Joseph’s in Ratheniska 6pm Hotel U13 Football Competition Round 2 RefixtureClonaslee St Manmans V Ballyfin Gaels 6:15 pm in BallyfinTHURSDAY SEPTEMBER 17Ladies Intermediate Football Championship Semi FinalBallyroan v Shanahoe in Ballyroan 6pmMidlands Park Hotel U17 Football Championship Semi Finals (Winner on Day, if Necessary)Portlaoise v Graiguecullen 7:15pm in the LOETB in the Centre of ExcellenceBallyroan Abbey V Na Fianna Og 7:15pm in the LOETB in the Centre of ExcellenceMidlands Park Hotel U17 “B” Football Competition Semi Finals (Winner on Day, if NecessaryBallylinan v Stradbally Parish Gales 6:30pm in Tony Byrne ParkFRIDAY SEPTEMBER 18Laois Shopping Centre Senior Football Championship Relegation S/Final (“Winner on the Day” if Necessary)Courtwood v Rosenallis 7:30pm  in the LOETB in the Centre of ExcellenceLaois Shopping Centre Intermediate Football Championship Q/Finals (“Winner on the Day” if Necessary)Mountmellick v Portlaoise 7:30pm in AnnanoughO Dempsey’s v The Rock 7:30pm in PortarlingtonMidlands Park Hotel U17 “B” Football Competition Semi Finals (Winner on Day, if NecessaryClonaslee St/Manmans v Rosenallis 6:15pm in the LOETB in the Centre of ExcellenceMidlands Park Hotel U13 “D” Football Competition Round 1Portlaoise v Stradbally Parish Gales 6:15pm in RathleagueMidlands Park Hotel U13 Hurling Championship Group A Round 5Clough Ballacolla v The Harps 6:15pm in BallacollaSATURDAY SEPTEMBER 19Laois Shopping Centre Senior Football Championship Round 3 (“Winner on the Day” if Necessary)Arles Killeen v The Heath 5:30pm in MW Hire O’ Moore ParkLaois Shopping Centre Senior Football Championship Relegation S/Final (“Winner on the Day” if Necessary)Arles Kilcrusie v Stradbally 3:30pm in MW Hire O Moore parkLaois Shopping Centre Intermediate Football Championship Relegation Final (“Winner on the Day” if NecessaryAnnanough vs Timahoe at 5pm in CrettyardLaois Ladies Senior Football Championship Semi FinalsPortlaoise v St Brigid’s in Portlaoise 6pmSarsfields v St Conleth’s in Mountmellick 6pmLaois Shopping Centre Junior Football Championship Group A Round 3Ballyroan Abbey v Killeshin 5:30pm in BallyroanBallylinan vs Portlaoise 5:30pm in BallylinanLaois Shopping Centre Junior Football Championship Group B Round 3 Barrowhouse V St Josephs at 5:30pm in BarrowhouseCamross V Erill 5:30pm in CamrossLaois Shopping Centre Junior Football Championship Group D Round 3The Harps v Park Ratheniska 5:30 in The HarpsLaois Shopping Centre Junior C Football Championship Q/Finals (“Winner on the Day” if Necessary)O Dempseys v Clonalsee/ St Manmans 5:30pm in O DempseysMidlands Park Hotel U15 Football Championship Round 4Ballylinan v St Joseph’s 2pm in BallylinanSt Pauls v Portlaoise 2pm in EmoStradbally Parish Gales v Portarkington 1pm in StradballyMidlands Park Hotel U15 “B” Football Competition Quarter Finals (Winner on Day, if NecessaryKilleshin vs Kilcavan/ The Rock 5:30 in KilleshinMountmellick v The Harps 2:30pm in MountmellickMidlands Park Hotel U13 “C” Football Competition Round 4Ballyfin v Clough Ballacolla 11:30am in BallyfinSUNDAY SEPTEMBER 20Laois Shopping Centre Senior Football Championship Round 3 (“Winner on the Day” if Necessary)Ballylinan v Ballyroan Abbey 1pm in MW Hire O Moore ParkKilleshin v O Dempsey’s 3pm in MW Hire O Moore ParkSt Joseph’s v Portlaoise 5pm in MW Hire O Moore ParkLaois Shopping Centre Junior Football Championship Group C Round 3The Heath v Portarlington 2pm on The HeathLaois Shopping Centre Junior B Football Championship Group A Round 3Mountmellick v Graiguecullen 12pm in MountmellickLaois Shopping Centre Junior B Football Championship Group B Round 3Timahoe v Emo 5pm in TimahoeLaois Shopping Centre Junior B Football Championship Group C Round 3Arles Killeen v Spink 5pm in SpinkLaois Shopping Centre Junior C Football Championship Q/Finals (“Winner on the Day” if NecessaryRathdowney v Borris in Ossory 2pm in RathdowneyColt v Killeshin 5:30pmRatheniska v Kilcotton 2pm in RatheniskaMidlands Park Hotel U17 Hurling Championship Group A Round 5Castletown v Clough Ballacolla 12pm in CastletownPortlaoise v Roseanllis 12pm in RathleagueMidlands Park Hotel U17 Hurling Championship Group B Round 5The Harps v Rathdowney Erill 12pm in The HarpsCamross v Na Fianna 5pm in CamrossMidlands Park Hotel U17 “B” Hurling Competition Round 3St Fintans/Mountrath v Ballinakill Ballypickas  12pm in MountrathPark/Rath and Timahoe v Raheen Parish Gales 12pm in TimahoeMidlands Park Hotel U15 “B” Football Competition Quarter Finals (Winner on Day, if Necessary)O’Dempsey’s v Park Rath/Spink 12:30pm in O Dempsey’sBallyroan Abbey v Na Fianna Og 5pm in BallyroanMidlands Park Hotel U13 Football Championship Round 5Strabally Parish Gales v O’ Dempsey’s 1pm in StradballyPortarlington v Portlaoise 11:30am in PortarlingtonKilleshin v St Joseph’s 11:30 in KilleshinMidlands Park Hotel U13 “B” Football Competition Round 5 Group APortlaoise B vs Park/Rath Spink 11:30 in RathleagueSt Pauls v Ballylinan at 11:30 in EmoBallyroan Abbey v Roseanllis 11:30 in BallyroanMidlands Park Hotel U13 “B” Football Competition Round 5 Group BThe Heath v Mountmellick 11:00 on The HeathMidlands Park Hotel U13 “C” Football Competition Round 4 –TBCCromogue v Crettyard 1pm in ColtSEE ALSO – Laois man’s campervan blog ‘Vanhalla’ to feature on The Open Door TAGSLaois GAA Fixtures Twitter Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role WhatsApp By Jamie Dowling – 15th September 2020 Facebook Previous articleDeaths in Laois – Tuesday, September 15, 2020Next articleHealth Minister asked to change rules on maternity visits for partners Jamie Dowling Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Facebook Pinterest WhatsApp RELATED ARTICLESMORE FROM AUTHOR Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

Canaccord reports second quarter loss

Canaccord reports record revenues, drops proposal to acquire RF Capital Related news Share this article and your comments with peers on social media Canaccord Financial Inc. (TSX:CF) said Thursday it lost $5.3 million in its latest quarter as the investment firm was hit by the financial market turbulence caused by worries about European sovereign debt and the U.S. economy. The company said the loss amounted to nine cents per diluted share for the quarter ended Sept. 30 compared with a profit of $10.3 million or 12 cents per diluted share a year ago. Laurentian Bank reports $53.1M profit in Q2, beats expectations Canadian Press Revenue for what was the company’s second quarter totalled $119.5 million, down from $149.3 million. Excluding costs related to Canaccord’s investment in BGF Equities, a small equities advisory firms in Australia, and other one-time items, the company said it would have lost $1.7 million or five cents per share compared with an adjusted profit of $12.1 million or 15 cents a year ago. The average analyst estimate according to Thomson Reuters had been for a profit of two cents per share. “Ongoing global economic uncertainty and market volatility had a considerable impact on issuer confidence and investment banking activity,” Canaccord president and chief executive Paul Reynolds said in a statement. “Our results this quarter reflect the challenging market environment; however, we remain very well capitalized and strategically positioned to expand our global platform and grow our market share.” In August, Canaccord signed a deal to invest $41 million for a 50% stake in BGF Equities. The deal, which also gives Canaccord an option to buy the rest of BGF in five years, will help the Canadian company’s expansion into the Australian as well as Hong Kong markets. Canaccord is an independent, full-service financial services firm, with operations in wealth management and global capital markets. The company’s shares closed at $8.64, down 10 cents, before the results were released Thursday. Facebook LinkedIn Twitter Keywords EarningsCompanies Canaccord Genuity Group Inc. Canadian banks to focus on growth, spending and buybacks after strong second quarter read more

New report underscores the value of advice: IFIC

Related news Budget proposal aims to help low-income earners access advice The 2011 value of advice report is available on the IFIC website. Keywords Value of adviceCompanies Investment Funds Institute of Canada Bespoke advice becoming more important in changing industry The Investment Funds Institute of Canada Wednesday released is second report on the value of advice. IFIC says the 2011 report provides additional evidence supporting the value of advice and what a relationship with an advisor can mean for investors. The report answers the question of whether investors accumulated wealth before they sought out advice. According to the report, most investors first begin to work with an advisor with only modest amounts to invest – typically less than $25,000 – and at relatively young ages. The research shows that the use of advice is not limited only to wealthy individuals, and that most investors first seek advice in order to start investing and grow their assets. “The mutual fund industry provides Canadians’ access to capital markets with even small amounts of investable assets,” says Joanne De Laurentiis, IFIC president and CEO. “With the valuable assistance of an advisor, those small amounts compounded over time can grow into a substantial investment portfolio.” The 2011 report builds on the 2010 report by focusing in particular on three areas: the link between receiving advice and wealth accumulation; the investment plan and how it pays off; and a more detailed look at the value components of the advisor-client relationship. The findings highlight some of the yield advantages of advised portfolios, which, when compounded over a working lifetime, explain the larger investment portfolios of advised investors relative to non-advised investors. IFIC says the report underscores the importance of advice as a key contributor to Canadians’ financial health and “a cornerstone of the current retail financial market”. It adds that “the importance of preserving a healthy advice industry should not be overlooked” as regulators consider policy reforms affecting the financial sector. IE Staff Share this article and your comments with peers on social media Facebook LinkedIn Twitter Assante offering free advice to those hit by crisis read more

IOSCO releases credit default swaps report

Related news SEC, CFTC, FCA teaming up to fight misconduct in CDS market Keywords Credit default swapsCompanies International Organization of Securities Commissions IOSCO issues recommendations on the securitization and CDS markets Facebook LinkedIn Twitter Although the amount of publicly-available information has increased, the credit default swap market is still quite opaque, and regulators could use greater more data, says a new report from the International Organization of Securities Commissions (IOSCO). The report, which doesn’t make specific policy recommendations, but seeks instead to inform the ongoing regulatory debate around credit default swaps (CDS), highlights some of the key policy issues affecting that market. It notes that the sector is undergoing rapid change, as, over the last several years, CDS contracts have become more standardized, and electronic processing and central clearing of trades have increased. The report discusses those recent changes and current trends in the CDS markets, and provides information from recent literature about the trading, pricing and clearing of CDS. CFTC details timeline for swaps clearing Among other things, the report also observes that the CDS market remains quite opaque. “Regulators would benefit from better access to information on trade and position data, which is necessary for financial stability supervision, for improving the assessment of counterparty risk by CCP and for the detection of market abuse,” it says. In terms of increasing transparency for market participants, the results are more mixed. The report says that current research suggests that greater transparency may reduce information asymmetries and transaction costs, but it may also discourage dealers from providing liquidity. IOSCO says it will “continue to examine these issues in order to provide a sound basis for possible future policy proposals on how to best improve the functioning of the CDS markets.” The report also finds that the existing research shows that “CDS have an important role in the price discovery process on credit risk and that the inception of CDS trading has a negative impact on the cost of funding for entities of lower credit quality.” “To date, there is no conclusive evidence on whether taking short positions on credit risk through naked CDS is harmful for distressed firms or high-yield sovereign bonds,” it says, adding that IOSCO will continue to monitor market developments on this issue, too. James Langton Share this article and your comments with peers on social media read more