What’s behind the 15% jump in value of ZPG shares?

first_imgThe ZPG share price yesterday hit a 12-month high following an extraordinary 15% rise over the past two weeks.Peaking at £3.84, the share rise has been attributed to a raft of cheery analysts’ notes from the major investment houses including Credit Suisse, Morgan Stanley and Investec, all of which hold huge sway in the City.But investors appear to have been less impressed by the announcement that 100 agent branches have been returning to ZPG’s clutches since OnTheMarket dropped its ‘one other portal’ rule following its de-mutualisation and IPO.The ZPG share price rally ended abruptly, knocking back to £3.70 from £3.84.The owner of Zoopla claims the rate of agents returning to it has doubled over the past three months, and four times faster compared to a year ago.Returning agentsRecent returnees include Screetons in Doncaster, Perry Bishop & Chambers and also Murrays in Gloucestershire, Mathews Benjamin in the Lake District and Pacitti Jones in Glasgow.“We offer the best value digital marketing in the UK and agents clearly recognise the advantages we deliver to their business and their customers,” says Charlie Bryant, ZPG’s newly-installed Managing Director of Property Services (pictured, above).“We continue to provide our members with record levels of exposure via our portals along with the widest range of additional services to help agents gain exposure and generate additional revenues.”Bryant is the former boss of property data firm Hometrack and took over from former PSG founder Mark Goddard whom, after leaving ZPG, has told his followers on one social media site to ‘watch this space’.Perry Bishop & Chambers Murrays Mathews Benjamin Mark Goddard Pacitti Jones Screetons Charlie Bryant Zoopla ZPG May 10, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Marketing » What’s behind the 15% jump in value of ZPG shares? previous nextMarketingWhat’s behind the 15% jump in value of ZPG shares?Mystery as shares hit 12-month peak and then drop off as ZPG announces increased stream of returning OnTheMarket agents.Nigel Lewis10th May 201801,138 Viewslast_img read more

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French, Cameroonian Navies Take Part in NEMO 2015

first_imgBack to overview,Home naval-today French, Cameroonian Navies Take Part in NEMO 2015 Share this article Authorities View post tag: Navy View post tag: africa View post tag: French View post tag: Cameroonian View post tag: NEMO 2015 View post tag: News by topic French Navy’s vessel Lieutenant de vaisseau Lavallée (F790) commenced the naval exercise NEMO 2015 on January 20.The exercise is being held in the Gulf of Guinea in cooperation with the Cameroonian Navy.As part of the exercise, the crews of both navies are engaged in highbush operations in the southwest of the island of Bioko (Equatorial Guinea). The vessels Lieutenant de vaisseau Lavallée and BPC Tonnerre are conducting various exercises with the navies of Central and West Africa as well.Organized since 1990, highbush is a mission of almost permanent presence of the French forces in the Gulf of Guinea.NEMO aims to develop cooperation and operational coordination between marine coastal countries in the framework of monitoring and securing the maritime area of the Gulf of Guinea.[mappress mapid=”14963″]Naval Today Staff, Image: French Navy View post tag: Naval January 26, 2015 View post tag: Navies View post tag: Take Part French, Cameroonian Navies Take Part in NEMO 2015last_img read more

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UK MoD announces HMS Queen Elizabeth commissioning date

first_img Share this article November 16, 2017 View post tag: Royal Navy Back to overview,Home naval-today UK defense ministry announces HMS Queen Elizabeth commissioning date Authoritiescenter_img View post tag: HMS Queen Elizabeth UK defense ministry announces HMS Queen Elizabeth commissioning date Royal Navy’s new aircraft carrier HMS Queen Elizabeth is to be commissioned by the Queen in a ceremony on December 7, the UK defense ministry announced.UK’s new defense secretary Gavin Williams made the announcement as he visited the carrier on Thursday, while at sea, sailing on trials around the south coast of England.“In a world of intensifying global threats, this magnificent ship will be a leading force fighting to protect the values of the UK and our allies,” Williams said.“It’s an honour to visit her at sea, and to meet such a passionate crew. I’m sure Her Majesty will be similarly impressed at next month’s historic ceremony for the nation’s new flagship, which proudly bears her name.”The carrier is currently on sea trials and will return to her home port in Portsmouth for the formal commissioning ceremony.Queen Elizabeth will be joined by a host of dignitaries from the Royal family, government and the military, before saying a few words as lady sponsor. The commissioning warrant will then be read and the White Ensign raised, symbolizing the acceptance of HMS Queen Elizabeth into Her Majesty’s fleet.It will be the first time the queen has visited the UK’s new flagship since she formally named her in Rosyth, Scotland in July 2014. Since then the ship has been completed, sailed into her home dock of Portsmouth for the first time and is now continuing her sea trials.Her identical sister ship, HMS Prince of Wales, has also been formally named and is now structurally complete.last_img read more

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Steenbergs Organic

first_imgSteenbergs Organic (Ripon, North Yorkshire) has launched a range of heat-treated organic herbs and spices, including poppy seeds, black pepper, chilli, coriander seeds, cumin, ginger, paprika, rosemary, thyme, turmeric and white pepper. Products are sourced from suppliers in the Mediterranean, India, Africa and Sri Lanka.Steenbergs Organic has also launched a range of organic Fairtrade vanilla products, including the bean, extract, spray-dried extract and seed. Steenbergs Organic is working with two main sources for its vanilla – in India and Uganda – where it has spent 18 months sourcing the right growers.last_img read more

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Hummingbird spreads wings to overseas outlets

first_imgThe Hummingbird Bakery will be launching an international franchise scheme, with hopes to open its first global store in the Middle East this year.After announcing plans to open a fifth store later this month in Angel, Islington, the London-based bakery has confirmed it will be opening outlets overseas in 2012. It will provide 12 weeks of training to franchisees in its UK kitchens and shops, using the same equipment and recipes.Tarek Malouf, owner of The Hummingbird Bakery, said: “We’ve had serious interest and money from this location (Middle East), but we are looking to open anywhere worldwide with a good franchise partner that would have a high level of funding and commitment to the brand. Stores would have 95% of the same offering as our London locations as this is what most of our customers want. So it is a huge responsibility to train franchisees to the same high standard as UK staff. We would audit franchisees several times a year so we are happy with the quality of products.”Malouf added that plans were imminent to open a further one or two cupcake bakeries in London this year, with Canary Wharf, Chiswick, Kingston and Richmond as potential locations. In addition, The Hummingbird Bakery is looking to expand UK-wide in the near future, but would need the appropriate financial backing.Malouf said: “We would love to open outside London, but it is not as easy as it sounds. When we open new branches, we have to ensure our quality remains throughout. So our product development team needs to be able to easily travel to locations.”We would need to fund and develop a regional support team, so for the time being we will be concentrating on London.”last_img read more

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EarthTalk: Your environmental questions answered.

first_imgEarthTalkTMFrom the Editors of E/The Environmental MagazineDear EarthTalk: What are these “ocean deserts” I’ve been hearing about? Also, didn’t I read that there was a huge mass of plastic bottles floating around somewhere on the ocean surface?— Wally Mattson, Eugene, ORSo-called “ocean deserts” or “dead zones” are oxygen-starved (or “hypoxic”) areas of the ocean. They can occur naturally, or be caused by an excess of nitrogen from agricultural fertilizers, sewage effluent and/or emissions from factories, trucks and automobiles. The nitrogen acts as a nutrient that, in turn, triggers an explosion of algae or plankton, which in turn deplete the water’s oxygen.According to the Ocean Conservancy, a dead zone in the Gulf of Mexico—where the Mississippi River dumps untold gallons of polluted water every second—has expanded to over 18,000 square kilometers in the last decade. Many other such dead zones have also undergone rapid expansion in recent years.A recent study by German oceanographer Lothar Stramma and a team of prominent international researchers confirms this phenomenon and also points the finger at global warming. Their data show that oxygen levels hundreds of feet below the ocean surface have declined over the past 50 years around the world, most likely a result of human activity. And as ocean waters warm due to climate change, they retain less oxygen. Furthermore, warmer upper layers of water stifle the process that brings nutrients up from colder, deeper parts of the ocean to feed a wide range of surface-dwelling marine wildlife.The expansion of these dead zones is bad news for most marine inhabitants and the ecosystems they thrive in. Thousands of different species already stressed from over fishing and other threats, now must contend with expanding hypoxic areas throughout regions that once constituted healthy habitat.The accumulation of plastic debris and other trash in the ocean is not necessarily related to hypoxic zones, but is yet another major problem facing the world’s fragile marine ecosystems. California-based sea captain and ocean researcher Charles Moore discovered what is now known as the Eastern Garbage Patch—an aggregation of plastic and other marine debris occupying some 700,000 square kilometers in the North Pacific Ocean—during a crossing of the North Pacific in 1997. In a 2003 article in Natural History Magazine, Moore reported being astounded that he couldn’t be further from land anywhere on Earth yet he could see plastic bags and other debris coating the ocean’s surface as far as the eye could see.Individuals can help the oceans and their inhabitants by making smart daily choices that can have collective, positive impact. Lowering your carbon footprint—driving less, biking more, donning a sweater instead of turning up the heat—is one way to help stem the spread of hypoxic zones, which is directly related to industrial activity and the amount of greenhouse gases we spew into the atmosphere.And limiting plastic and plastic bag use is the best way to prevent such litter from ending up swirling around mid-ocean. Some countries, such as China, and many large cities—San Francisco, for example—have banned plastic grocery bags. If your city hasn’t yet taken this step, pressure them to do so—and in the meantime bring your own reusable bags to the market and avoid plastic wherever else you can.CONTACTS: Ocean Conservancy, Natural History Magazine.Dear EarthTalk: I’ve followed the trends in “eco-homes” now for many years. Are there equally encouraging things happening in the world of condos? — Charlie Anderson, Seattle, WABelieve it or not, condominiums may be some of the most environmentally responsible housing out there today, especially since more and more developers are paying attention to sustainability from the get-go.By their very nature, many condo complexes adhere to some of the most basic tenets of green housing: density, to maximize surrounding open space and minimize buildings’ physical and operational footprints; proximity to mass transit, given their typical location in urban areas; and reduced resource use per unit, thanks to shared systems, walls and common spaces. Builders can elect to layer on other green elements, such as high-efficiency appliances and HVAC systems, green roofs and organic landscaping.“Projects are embracing green [to] be more responsive to what the buying public is looking for,” says Gail Vittori, chairperson of the U.S. Green Building Council, which produced and manages the Leadership in Energy and Environmental Design (LEED) design and building standards. “They also want to have the built environment become much more in line with environmental and health considerations.”One example is Florence Lofts, a new development of 12 townhouses and a 4,200 square foot commercial building in downtown Sebastopol, California. The LEED-certified project features a photovoltaic solar system on the roof for hot water and other electrical needs, a commercial scale “gray water” system to divert sink and shower water for irrigation purposes, and a tank that collects storm water from roofs to prevent excessive run-off.Another example is The Riverhouse overlooking the Hudson River in New York City’s Battery Park district. The LEED-certified, 320-unit building—the new home of actor/environmentalist Leo DiCaprio—has geothermal heating and cooling, twice-filtered air, non-toxic paint, and landscaped roof gardens.But not all developers need to break the bank to go green on their condo and apartment projects. Two-thirds of the units in Harlem’s much-publicized 1400 Fifth Avenue building—touted as New York’s first green condominium, are considered affordable, priced at $50,000 to $104,000 and restricted to families of moderate income. Also in the New York metropolitan area, Habitat for Humanity recently announced it has assembled a green design team to build “real affordable condos” in New Rochelle and other parts of Westchester County.“If you’re doing a moderately green building, the premium to build is typically in the 1.5 to two percent range. It’s very small,” says Leanne Tobias of Malachite LLC, a Maryland-based green real estate consulting firm. Additionally, the carrying costs for green units are lower, since such buildings operate on less energy and water and generate less waste than conventional high-rises. “All of those will be savings every month for the homeowners or residents of those buildings,” Vittori adds. “That’s a big plus.”CONTACTS: U.S. Green Building Council, Habitat for Humanity, Malachite LLC——–GOT AN ENVIRONMENTAL QUESTION? Send it to: EarthTalk, c/o E/The Environmental Magazine, P.O. Box 5098, Westport, CT 06881; submit it at: www.emagazine.com/earthtalk/thisweek/, or e-mail: earthtalk [at] emagazine.com. Read past columns at: www.emagazine.com/earthtalk/archives.php.last_img read more

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Brazil Creates Expeditionary Force to Serve in International Missions

first_imgArmed Forces officials expect the F EXPD to respond rapidly, by itself or in cooperation with security forces from partner nations, to safeguard national interests and perform a wide spectrum of operations such as humanitarian actions and peacekeeping missions. It will comply with provisions of Chapter 1 of the White Paper on National Defense, which was published in 2012 and covers the functions and actions of the country’s defense forces. Overseas missions F EXPD structure and operations Advancing the planning process, the Second Division hosted the fourth meeting of the F EXPD core group, which was attended by commanders of the Southeast Military Command, the Military Force of the United Nations Stabilization Mission in the Democratic Republic of the Congo (MONUSCO), and the COTER in June. This year and in 2016, their military authorities will conduct studies and plan for the F EXPD’s budget and logistical structure; once that phase is completed and the Expeditionary Force is deployed, it will support overseas operations, which are an important component of the Armed Forces’ mission. A rapid response force The Brazilian Army (EB) is creating an Expeditionary Force (F EXPD) to provide permanent support for the country’s participation in foreign missions. The F EXPD is initially expected to be made up of one Battalion, with 1,000 Soldiers, in its first year of operation in 2022. In the last phase, scheduled for 2030, it’s expected to evolve into a Brigade, with 3,000 Troops that would add increased capacities, such as Infantry, fire support, and logistics. The F EXPD will also utilize armored vehicles to increase its operational capacity and performance possibilities. “These friendly countries, our fellow branches of the Military, and the EB organizations have significant expertise in their areas and experiences that are valuable for defining the model (of the F EXPD),” the Army’s Social Communications Center (CCOMSEx) stated. Col. Civolani added: ”We will be the core group responsible for the many cycles that make up the F EXPD’s operations – mobilization (gather Soldiers), preparation, deployment (action in the field), and demobilization. But all Troops from the Brazilian Army will be available to take part in these operations.” This operation design will facilitate the simultaneous involvement of four battalions “to always have a force ready to respond.” “The main objective is readiness, so we can act in a variety of contexts,” Col. Civolani said. “Right now, we need to mobilize our units for every mission that Brazil is requested to join. With a structure in place that is always prepared to act, Brazil will get more respect from international organizations and will bolster its bid to join the United Nations Security Council.” Under the current model, the EB assigns one Military organization from each of its eight Armed Forces commands (South, Southeast, East, West, Northeast, Amazon, Planalto, and North), which mobilize their Troops and prepare to serve in missions. It initiated plans to form the F EXPD in 2014, when the COTER began analyzing the possibility of creating such a group as a subunit of ​​the Structuring Project for the new Terrestrial Military Operating System (SISOMT). The new unit will have attributions and assignments in contexts that differ from those that mobilized the first Brazilian Expeditionary Force (FEB), Col. Civolani explained. That unit was specially created to operate between July 1944 and May 1945 in the campaign in Italy, alongside the Allies (Britain, France, the U.S., and other countries). Brazil joined World War II after Germany attacked – which was part of the Axis powers – Brazilian vessels in Brazilian waters. The FEB was made up of nearly 25,000 Soldiers and was decommissioned after the war. center_img By Dialogo October 06, 2015 very good. Very good article! To the brave Brazilian Marines, when I hear them talking about the U.S. teaching martial arts, it reminds me of the martial arts champions at Clube dos Cisnes located on Av. Cruz Cabugá in the 70’s. My respect to the Brazilian Navy. I hope I’m wrong, but this seems like an offshoot of the UNASUR Army that can act and provide a quick response alone or in coordination with international organisations (which ones? China, Russia, Cuba, Venezuela, and others with a communist/socialist government?) I hope I’m wrong, but… Informative and educational. Good. Long live the glorious Brazilian Army, because beyond ensuring national security, it contributes to world peace. Awesome. If I was on active duty, I would participate in it all. I love my uniform. I love my country. Expeditionary Force above all.*** BRAZIL *** Very nice. My dream! The event generated support for the new organization’s procedures, according to Col. Civolani, who attended the seminar. “The real progress will be the preparation and readiness, because it takes time to mobilize. That’s the focus of the new Expeditionary Force.” Military organizations from the Army’s Second Division will serve as the headquarters of the Expeditionary Force, which will include Light Infantry Brigades and receive a high degree of specialized training in ensuring law and order and other operations. The 11th and 12th Light Infantry Brigades, headquartered respectively in Campinas and Caçapava, in the state of São Paulo, are candidates to lead the subproject’s implementation, including organizing and executing the first doctrinal trial, scheduled for 2017. With the goal of deploying the force by 2022, Military officials plan to conclude defining its organization and structure by 2016, according to Colonel Fernando Civolani Lopes, Chief of Staff of the Army’s Second Division (2ª DE), based in São Paulo. To that end, in Brasília, the Army Command and EB Land Operations (COTER) organized and hosted a seminar from September 14-18 that brought together defense attachés from Germany, Canada, Spain, and France, as well as representatives from Brazil’s Ministry of Defense, Air Force (FAB), and Navy. “The F EXPD will defend national interests, as well as the people, goods, and resources of Brazil abroad; contribute to the maintenance of international peace and security; and intensify Brazil’s involvement in the concert of nations and its greater inclusion in international decision-making processes,” the CCOMSEx explained. A CCOMSEx survey for Diálogo identified 17 major international missions that EB Troops have participated in since 1948. Currently, they serve in the UN Stabilization Mission in Haiti (MINUSTAH), the United Nations Interim Force in Lebanon (UNIFIL), (MONUSCO), and the United Nations Transitional Administration in East Timor (UNTAET). And in the past, 1,175 Brazilian Soldiers participated in the UN Emergency Force (UNEF I) involved with the ceasefire and withdrawal of the Armed Forces of France, Britain, and Israel from the Suez Canal and the Sinai Peninsula, between 1957 and 1967. “The requirements in terms of materials will be determined at a future date. The operating structures will prioritize greater collective security, speed, and selective lethality,” the CCOMSEx explained in a statement. “The vehicles will be equipped with command and control means that enable situational awareness to the level of the individual combatant.” “The exercise will simulate an international crisis or humanitarian mission,” Col. Civolani said. “It came to an end because the objectives for which it was structured had been achieved with the surrender of the enemy forces,” Col. Civolani said. “The name of the new unit is a reference to the memory of the FEB, but the context and details are different. But I admit that the reference is inevitable.” last_img read more

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Gun Control Debate Ricochets on Long Island

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Gary Hungerford of the Suffolk Alliance of Sportsmen firing a Colt Python .357 Magnum revolver. (Photo: Chris Mellides)The gun control debate has been ricocheting on Long Island since a proposal requiring background checks for gun sales nationwide was defeated in Congress last month, leaving Americans divided on the issue of reforming the nation’s gun laws.Despite the motion being in their favor, proponents of gun rights continue to express concern that their right to bear arms and ability to purchase and keep certain kinds of firearms are still being threatened. Meanwhile, gun control advocates remain hopeful that future reform will eventually come to pass.“At that moment I was shocked, heartbroken, and angry, but there are a lot of silver linings to that vote,” Rep. Carolyn McCarthy (D-Mineola), a staunch supporter of gun control, said recalling her dismay at the recent failure to pass comprehensive federal background checks in the Senate.Among these silver linings, is the certainty that the bill received votes from the majority of senators–54–and that a number of Republicans as well as moderate Democrats voted in favor of the bill at the risk of a slip in their approval ratings, according to McCarthy. But, the bill needed 60 votes to pass.McCarthy came to Congress in 1996 with the position to enact tougher gun control legislation after her husband was killed and her son was permanently injured in a mass shooting on the Long Island Rail Road three years prior. Despite such cases like that and the more recent Newtown massacre, others view increased gun regulation as an endangerment to the rights afforded to Americans under the Second Amendment and that law-abiding gun owners are being done a huge disservice.Steven Blair heads the Long Island Second Amendment Preservation Association and spoke openly about firearm laws and the misconceptions surrounding gun owners.“There are so many laws in existence now that really should be enforced. If you stop and see all these laws, you can understand why gun owners are already in an uproar,” said Blair.His comment comes after a measure was passed in New York and enacted just one month after the Newtown school massacre that bans the sale of assault-style weapons and demands federal background checks for private gun sales. While Blair believes that people should be required to comply with background checks, he was quick to also point out that such laws already exist in New York State.“People who never held a firearm think and feel that firearms are evil weapons that only the police should carry,” said Blair. “They [the police] cannot be in the shadows of every Long Islander and yes, there are crazy people out there that are here to harm you and your family. No laws or political party can stop that.”McCarthy does not mince words when it comes to the prospect of introducing new gun control legislation.“The language of this debate is important, it’s not about ‘stricter gun control’ it’s about reducing gun violence, and increasing gun safety,” she said. “Right now, my colleagues and I have a range of bills that we’ve worked on for years and are the result of countless hours of negotiation and research with stakeholders.”In the past, McCarthy has introduced bills to “strengthen our background check system, improve school safety, and restrict civilian access to high-capacity magazines and assault weapons.” She says that it’s these bills she’s ultimately focused on supporting.Another local voice for gun rights advocacy is Gary Hungerford who helps manage the Suffolk Alliance of Sportsmen, Inc. (SASI), as a member of its Board of Directors. SASI works to “educate firearms owners and the general public about the opportunities available to them should they wish to learn more or engage in…activities, such as hunting, target shooting [and] personal protection.”SASI’s members are affiliated with the National Rifle Association, whose outspoken executive vice president, Wayne LaPierre, who has been recognized for his sharp criticism of gun control proponents. The group continues to gain support from its members from across the country including Long Island, where the NRA originally broke ground and created their first practice space for the purpose of building a rifle range back in 1872, according to the NRA.When asked about gun violence and gun control being at the forefront of American politics in recent months and how the general public is likely to view gun owners, Hungerford was not reluctant to speak his mind.“I often laugh when I hear the phrase ‘gun violence.’ It’s one of those ‘mass media’ phrases with which they are so happy, because it helps to make gun owners seem like outcasts and extremists,” said Hungerford. “I’ve never known a gun, which is an inanimate object, to do anything, of its own volition. Violence, of any type is brought about by people, not inanimate objects.”Beyond the halls of Congress and gun clubs countrywide, it’s of little surprise that the world of academia is also buzzing with chatter about the gun control debate.“I think the existing system where background checks apply only to sales by dealers and not by private parties, is not particularly effective at serving its goal of trying to deny guns to criminals,” says Eugene Volokh, the Gary T. Schwartz Professor of Law at the UCLA School of Law.Volokh, noted for his expertise on Second Amendment Law, wrote three articles that were cited by the US Supreme Court in the District of Columbia v. Heller case, which said that there is an individual right to keep and bear arms and that therefore handgun bans are unconstitutional.He believes that in order for gun reform to be effective, extending background checks to private gun sales is crucial. According to Volokh, private sellers would have to sell guns through a professional dealer who would run those sellers through the background check system, of which this dealer would have access, and that this practice wouldn’t interfere with law-abiding citizens’ ability to own guns and to sell guns.“In principle, if you craft this right, if you present it in a context where the other side thinks, ‘Look, this really is a relatively modest step, we might not like it much, but it’s not a big deal.’ I think it could pass,” says Volokh.While the law professor sees a chance for real reform, he makes it a point to address the fears that gun owners have, stressing that they are worried about the future and they have reason to be worried.“Gun rights supporters [and] supporters of all sorts of rights think about the future and they say, ‘Well, wait a minute, what’s going to happen in five or ten years? What’s going to happen if the democrats recapture the House in 2014?’” says Volokh.What gun rights advocates fear might happen to them in the coming years leads Volokh to believe that these supporters need to do everything they can in order to minimize any future risk.“Better do everything we can right now in order to minimize that risk,” says Volokh, speaking from the perspective of a gun rights advocate. “Better win every fight…so that the momentum is on our side, better avoid anything that might be a [national gun] registry that could end up being used to confiscate [our] guns.”In the end, the gun debate in this country is far from over, with both sides vying for control over the discussion.“As long as there’s gun violence in America,” said McCarthy, “and as long as we see avoidable tragedies that make good people ask, ‘What can we do to save innocent lives in our country,” and until we do everything we possibly can to reduce gun violence in America, this issue will always be important.”last_img read more

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Tesco drops DB pension fund in favour of defined contribution offering

first_imgUK supermarket Tesco has confirmed the closure of its defined benefit (DB) pension fund for staff and the creation of a 7%-matching defined contribution (DC) replacement by November.The £8.1bn (€11bn) Tesco Pension Scheme was one of a handful of open DB schemes among the UK’s largest employers, with the company opting to use the career-average salary deal to comply with auto-enrolment.The company, however, after running into financial difficulty, told investors in January it would consult on the closure of the scheme to future accrual.Tesco said it would now offer a matching DC scheme, with employee contributions of between 4% and 7% matched by the supermarket.  It will also seed DC saving pots with one week’s earnings for staff, or a minimum of £100.The supermarket, which once accounted for close to one-third of all grocery spending in the UK, will now also offer life assurance of five times an employees salary, after originally proposing four.Consultation began in June after the scheme’s triennial review revealed a nearly 200% increase in the scheme’s deficit.With trustees of the scheme, Tesco approved a new £270m annual deficit-reduction payment, which came as the company faces investigations in the US and the UK over its accounting.The valuation showed the deficit rising from £934m in 2011 to £2.8bn in 2014, with its financial statements showing a £3.9bn deficit on an IAS 19 basis.At the time, Tesco cited the impact of an 80-basis-point fall in corporate bond yields.A Tesco spokesperson said the supermarket was committed to offering retirement benefits for its staff and that it had listened to the concerns from staff and trade unions.The Union of Shop, Distribution and Allied Workers (USDAW) said it worked to gain a number of concessions when it began negotiating with Tesco earlier this year.Joanne McGuinness and Pauline Foulkes, of the USDAW’s national offices, said the union had worked hard to ensure the scheme remained competitive for staff in the sector.“It’s always very disappointing to see a final salary scheme close,” they said.“USDAW believes occupational pensions are an essential part of any employment package and provide essential income in retirement for employees. We expect more information and detail to be available in October.”last_img read more

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Atalanta remind Sacchi of his Milan

first_imgFormer coach Arrigo Sacchi says Atalanta’s attacking duo Josip Ilicic and Papu Gomez reminds him of his Milan forwards Ruud Gullit and Marco van Basten.Advertisement Loading… Sacchi, who led the Rossoneri to two European Cups, two UEFA Cups and one Scudetto at the end of the 1980s, has claimed the Atalanta players remind him of the stars at the time.“I think of Ilicic or Papu Gomez,” he told La Gazzetta dello Sport. “Who put their qualities at the service of the group.Read Also: Gerrard reacts to Liverpool’s first ever Premier League silverware“Even in my Milan, Gullit, [Franco] Baresi and Van Basten worked hard for the team. And thanks to the help they received through teamwork, they improved their personal performance.”Atalanta currently sit fourth in Serie A and are through to the quarter-finals of the Champions League this term.FacebookTwitterWhatsAppEmail分享 last_img read more

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