Northern Foods rejected City suggestions that it would fail to get the £200m it was seeking for the pastry, cakes, speciality bread and flour milling businesses.Remaining disposals were “progressing in line with plans to achieve £200m total proceeds” said Northern, as it unveiled a 38% fall in pre-tax profit on continuing and discontinued operations to £16m from £25.7m a year before. Sales fell 2.4% to £645.1m.It blamed the profit drop on continued “challenging” trading conditions, the move of some seasonal sales into this half of the current financial year and the sale of the NFT distribution business.However, the NFT sale produced gross proceeds of £51.2m and, taking into account discontinued operations and £17.7m of exceptional items, produced a £30.5m profit in the first half – up from £14.4m a year before.Still up for sale are Northern’s chilled pastry, cakes, speciality bread and flour milling businesses, with the aim of focusing on the remaining pizza, biscuit, readymeal, sandwich and salad and Christmas pudding operations. The businesses to be sold off accounted for 37.4% of total revenue of £683.2m in the first half but only 5.2% of the £26.7m operating profit.The operating profit of Northern’s bakery division slumped by 65% to £6.6m from £18.6m a year before because of poor performances by both the businesses up for sale and those Northern plans to keep. The bakery division’s sales fell 10.2% year-on-year to £196.5m, on the back of a 7.6% fall in sales volumes and a 2.6% fall in average net selling prices.Northern has withdrawn its long-running objection to an attempt by the Melton Mowbray Pork Pie Association to win Protected Geographical Indication (PGI) status in the EU for Melton Mowbray pies.
KAABOO Del Mar announced the daily music and comedy lineups for their fourth-annual event set to take place September 14th through 16th, 2018. Celebrated as San Diego’s largest multi-day major music and entertainment festival, KAABOO Del Mar overlooks the Pacific Ocean and enjoys pristine weather, ocean breezes, and numerous easy-to-access lodging options.On Friday, September 14th, the three-day sound voyage will kick off with a powerhouse trio of alt-rockers including the Foo Fighters, Incubus, and Jimmy Eat World, plus chart-toppers like Halsey and Post Malone, with laughs from Craig Ferguson and more.On Saturday, Imagine Dragons, N.E.R.D, and Earth, Wind & Fire will lead the lineup, while Iliza Shlesinger will head up HUMOR ME. Then on Sunday, guests can soak up the girl power with performances by Katy Perry, TLC, Vanessa Carlton, and Jewel, who will be joined by Robert Plant and the Sensational Space Shifters, Wiz Khalifa, and more to close out the fest.At KAABOO multi-day annual events, guests enjoy a world-class music and HUMOR ME comedy lineup; an onsite Contemporary Art Fair, plus a display of outdoor murals and installations; PALATE gourmet food and craft libation tastings; a Las Vegas-style day club called BASK; plus spa and relaxation services at INDULGENCES.All passes–including the HANG LOOSE (GA), HANG FIVE/HANG TEN (VIP), and ULTIMATE HANG passes, plus newly added drink packages–are on sale now. For passes and additional information on KAABOO Del Mar, visit the festival’s website. Check out the daily breakdown below.
MEXICO CITY (AP) — Prosecutors in northern Mexico have confirmed that at least two of the 19 people found shot to death and burned near the U.S. border were Guatemalan migrants. Two other victims among the four identified so far were Mexicans. The forensic results announced Saturday confirm the fears of families in a rural Indigenous community in Guatemala who have said they lost contact with their relatives last week as they travelled toward the United States. The prosecutors office in the northern state of Tamaulipas did not release the victims’ names. Of the 19 bodies, 16 were found to be males, one female and two others were so badly burned their gender has not been determined.
View Comments Attention Tveiter Tots! After Aaron Tveit has given us multiplying thrills as Danny Zuko in Fox’s forthcoming live telecast of Grease, he’s heading back to the stage. Our Broadway boyfriend will play at New York hotspot Irving Plaza on June 11.Tveit previously headlined a solo show in the Big Apple at 54 Below back in 2013. We can’t wait to see what he’s got in store for us this time!The star made his Broadway debut as Link Larkin in Hairspray in 2006 and later appeared in Wicked, Next to Normal and Catch Me If You Can. Tveit’s screen credits include Graceland, Big Sky and the Les Miz movie.As if you didn’t know already, Grease: Live will air on Fox on January 31. Until then you can get your Tveit fix here!
The University of Georgia’s newest pecan variety will be released next spring and has shown good resistance against scab disease so far, according to Patrick Conner, a horticultural scientist at the UGA Tifton Campus.“We always say ‘so far’ because the scab pathogen does tend to adapt to trees over time,” Conner said. “Currently, this variety has no scab in our sprayed orchards, and only trace scab in our unsprayed orchards.”The Avalon variety has been patented by UGA, and four nurseries in Georgia are currently licensed to sell Avalon trees. Conner said the variety is unique because of its size and quality combined with high scab resistance.“That combination of big size, high quality and high levels of scab resistance is fairly unique,” Conner said. “Most highly resistant cultivars are either small in size, or they don’t have the commercial quality we like to see.”The Avalon variety’s biggest benefit is the decreasing number of times growers will have to spray fungicides, which will save a lot of money. Conner said that growers of the Desirable variety, Georgia’s most widely grown variety, were spraying 12 to 20 times a season, depending on rainfall.“This variety would need only a couple of sprays per year,” Conner said. “It’s more profitable because you’re avoiding the expense of the fungicides.”Conner said the new variety will also help growers fight scab during a very wet growing season.“Even with full spray coverage on Desirable trees, in a really wet year, you could still get severe damage and crop loss,” Conner said. “Avalon gives you some assurance during a really wet year.”Avalon was developed by crossbreeding two scab-resistant varieties. Separately, the varieties lacked sufficient quality, but together they produced seedlings that performed much better. More than 100 seeds were planted from the cross.“We evaluated the trees in the field without spray,” Conner said. “The Avalon tree was the only one that had the combination of good nut quality and high levels of resistance. It’s really just a matter of making a cross, and then looking at enough seedlings to find all the traits you’re looking for.”Conner said that the Avalon variety should be adaptable to any part of the state. It will be most important to south Georgia growers because of the higher scab pressure in the southern part of the state that makes growing traditional varieties, like Desirable, very difficult.Pecans are a valuable Georgia commodity, worth more than $361 million in farm gate value in 2015, according to the Georgia Farm Gate Value Report, published by the UGA Center for Agribusiness and Economic Development.“I’m hopeful that Avalon will allow growers to plant something besides Desirable that would need far fewer spray applications,” Conner said.
The 2009 Small Business Person of the Year and Champion Award recipients will be honored at a ceremony sponsored by Vermont Business Magazine and the US Small Business Administration (SBA). Governor James Douglas will present the Small Business Person of the Year award to Mark Bonfigli, CEO and Founder of Dealer.com, Burlington, with additional remarks from Burlington Mayor Bob Kiss, SBA Vermont District Director Darcy Carter, and others. Champion awards will be presented to:Jim Sault, Porter Music Box, RandolphTara Lynn Scheidet, Tara Lynn Studio, SuttonJohn Vincent, Vincent s Drug & Variety, WaterburyGail Wheel, Wheel House Designs, Hyde ParkMatt Cota, VT Fuel Dealers Association, MontpelierMajor Randall Gates, VT National Guard, ColchesterStephen Paddock, VT Small Business Development Center, MiddleburyMary Peabody, University of Vermont Extension, BerlinWHEN: Wednesday, June 10, 4:00 to 7:00 p.m.WHERE: Burlington Waterfront Park: Under the Discover Jazz tentDIRECTIONS: In downtown Burlington, follow Main Street to the corner of Main and Battery. Turn right on Lake St. Look for event signage near the white tents at the end of Lake St. Parking is available at College and Lake St, and in lots and garages throughout downtown Burlington.
The European Central Bank’s (ECB) policy of buying corporate debt is “destroying” the debt market, with funded pension systems being considered “collateral damage”, according to Peter Eichler, a member of the board at Austrian insurer Uniqa.Speaking at an institutional investor summit in Vienna, Eichler said the “wipe-out of funded systems [seemed] to be an accepted risk” of the central bank’s amended quantitative-easing programme.Eichler’s company Uniqa owns a stake in the Austrian Pensionskasse Valida.Also speaking at the summit, Olaf Keese, managing director at the S-Pensionskasse, the German pension fund for savings banks (Sparkassen), said the ECB was “distorting that market” for European corporate debt. The S-Pensionskasse has in recent years set up a Masterfonds, with the vehicle investing in international government bonds through a credit overlay.The Masterfonds covers 8% of the Pensionskassen’s €4bn in assets.Keese said his fund could invest in longer-duration bonds of 15 years of maturity or more, thereby increasing duration, but he acknowledged that the approach would increase risk without improving risk-adjusted return.He said the overlay strategy had been chosen “especially due to a higher degree of liquidity and granularity”.“At the moment,” he added, “this approach is especially favourable since corporates are getting less liquid and more expensive.”Incentivising infrastructureCriticism for European policies also came from Martin Bruckner, managing director at Allianz Austria, who pointed to “inconsistencies” in institutional plans to increase investment in infrastructure.“Politicians say we should invest billions into infrastructure, but the supervisors seem to have different ideas – they should find a consensus on this important topic,” he said.Bruckner also argued that regulations were making it increasingly difficult for banks to grant long-term loans.“We as institutional investors therefore have to step into this private-debt segment,” he said. For Christian Böhm, chief executive at Austria’s €4.2bn APK Pensionskasse, one of the problems stemming from European regulation and supervisory framework is its view of certain asset classes.“All the stress tests are based on [value-at-risk] models and are always backward-looking, which means, for example, government bonds are extremely overvalued.”He argued that the backward-looking view emphasising government bonds was “not helping us in the least at the moment”, adding that he hoped for “a change in valuation views through a European dialogue”.But Böhm also stressed the responsibility borne by pension funds in the current environment.“Pensions are not risk-free, and we have to manage the assets so that we have enough risks on the books to generate sufficient returns,” he said. “If we do not achieve this over a rolling multiple-year period, we are obsolete as institutions for retirement provision.”
The financial sector has responded with relief to the outcome of the Dutch elections, with the liberal VVD party of prime minister Mark Rutte the clear winner.Geert Wilders’s populist Freedom Party, PVV, gained less than expected.VVD’s current coalition partner, the labour party PvdA, has largely collapsed – dropping 29 seats to 9. This opens the way to a new centre-right government under Rutte, likely to be supported by the Christian democrats, CDA, and the liberal democrat party D66.“If this is the case, it won’t impact our view on European financial markets,” commented Lukas Daalder, chief investment officer of asset manager Robeco. “If Rutte can continue as prime minister, Dutch politics would be a source of stability, rather than disruption.” The euro rose and spreads in euro-denominated bonds declined on the back of the election outcome, Daalder said. He noted, however, that yesterday’s rate hike from the US Federal Reserve may have been the dominant cause.Anna Stupnytska, global economist at Fidelity International, described the election result as “good news”.However, she warned that a long negotiating period for a new coalition government was likely, “which would not be helpful for a Greek bailout review”, which is ongoing.A new government coalition would need at least one smaller party – in addition to VVD, CDA, and D66 – for a majority.The most likely candidates are the small religious right party CU, which won five seats, and the green-left party GroenLinks, which more than tripled its number of seats to 14. Although tough climate measures are a key element in GroenLinks’s manifesto, it hasn’t excluded co-operation with the VVD.Ruth van de Belt, senior investment strategist at Kempen Capital Management, concluded that the election result gave investors breathing space ahead of the presidential elections in France. She said Kempen expected Le Pen to lose from Macron in the second round, and also indicated that the asset manager didn’t anticipate early elections in Italy.“With the cloud of uncertainty lifting, this makes European equities very attractive,” Van de Belt added.Antoine Lesné, EMEA head of exchange-traded funds strategy at State Street Global Advisors, said French government bond spreads might tighten a bit, as the Dutch election was seen as a temperature check for the French elections, which start next month.Columbia Threadneedle Investments, however, was more cautious and pointed at the increased fragmentation of the political landscape, and the fact that Geert Wilders – who gained 20 seats in the 150-strong lower house – will remain as a critical opposition voice.Pension managers APG and PGGM, as well as pension funds ABP and BpfBOUW, declined to comment on the election result.
Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:37Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:37 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenSpring selling predictions for 202002:37A LUXURY Gold Coast penthouse bigger than most houses in the city has hit the market for the spring selling season.The three-level 914 sqm sky home in Southport’s Rivage Royale is for sale through an expressions of interest campaign targeting buyers with more than $5 million to spend.B27-2/75 Brighton Pde, Southport is on the market through expressions of interest.What a pool!MORE NEWS: Gold Coast real estate: Custodian CEO John Fitzgerald urges Australians to buy more property nowHouse Rules architect raises the renovation bar“The sheer size of this penthouse puts it into a category on its very own,” marketing agent Tolemy Stevens of Harcourts Coastal said.“There aren’t many penthouses that are approaching 1000sq m.“It’s bigger than 90 per cent of homes on the Coast.”The rooftop entertaining area.B27-2/75 Brighton Parade Southport. Rivage Royale penthouse.What a view!As well as ocean, city, Broadwater and mountain views, the four-bedroom apartment has a long list of features including a rooftop pool and entertaining area, glass lift, wet bar, opulent master bedroom and two marina births.“This is for someone who wants the very best of everything – the luxurious lifestyle ticks all the boxes,” Mr Stevens said.The listing follows a run of multimillion-dollar penthouse deals in recent months.The Rivage Royale penthouse has its own glass lift.More from news02:37International architect Desmond Brooks selling luxury beach villa6 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoStyle at every turn in the Rivage Royale penthouse.Last month, a penthouse in the Oracle building sold sight unseen for $4 million while another penthouse at 19 Broadbeach Blvd changed hands for $5.05 million in July.Mr Stevens marketed both properties.“There is absolutely no doubt the penthouse market seems to be one of the hottest markets at the moment,” Mr Stevens said.“The continuing demand from interstate buyers to secure opulent holiday homes hasn’t wavered.Rivage Royale at Southport“We are also seeing an increase of couples and families who are looking to move to the Gold Coast permanently and pack up from Sydney and Melbourne.”In an off-the-plan sale, entertainment entrepreneur Billy Cross is understood to have splashed between $6 and $7 million on the White penthouse, to be built in Main Beach.
Share HealthLifestyle British Heart Foundation says ‘no kissing, just hard CPR’ by: – January 4, 2012 Sharing is caring! Tweet Vinnie Jones demonstrates CPR in the British Heart Foundation advertThe British Heart Foundation is urging people to forget “mouth-to-mouth” and to concentrate on chest compressions when performing CPR. “Hands-only CPR” has previously been supported by the Resuscitation Council (UK).But it is now being promoted in a new advertising campaign featuring footballer-turned-actor Vinnie Jones.New polling by the BHF suggests many feel worried about the idea of giving the “kiss of life”.The official position of the BHF is now that anyone who does not have CPR training should ignore the kiss of life in favour of hard and fast compressions in the centre of the chest.A new poll conducted across the UK and involving 2,000 respondents showed nearly half were put off from performing CPR because of a lack of knowledge. A fifth worried specifically about the thought of the kiss of life or about contracting an infectious disease. Four in 10 people were worried about being sued if they did something wrong, even though the BHF argues no such case has ever succeeded in Britain.“The kiss of life can often be daunting for untrained bystanders who want to help when someone has collapsed with a cardiac arrest,” said Ellen Mason, senior cardiac nurse at the BHF. She said the kiss of life remained the “gold standard” of CPR, but added if a person had not had training the best option would be to just do chest compressions.Bee Gees hitThe BHF is also suggesting people hum to the Bee Gees hit Stayin’ Alive, to get the tempo of chest compressions right, although others have in recent months questioned whether this is appropriate, suggesting it may lead to compressions which are too shallow.The new BHF advert features Vinnie Jones in his traditional hardman guise, administering chest compressions to a Bee Gees backbeat after being thrown an unconscious body by his henchmen.Commenting on the new campaign, he said: “There really shouldn’t be any messing about when it comes to CPR. If you’re worried about the kiss of life just forget it and push hard and fast in the centre of the chest. “Hands-only CPR should give have-a-go heroes the confidence to step in and help when somebody is in cardiac arrest.” Ms Mason said everyone should learn what to do: “Thirty thousand people have a cardiac arrest in the UK every single year and half of those are witnessed, but in most cases no-one acts, no-one knows what to do, people panic.“If it was us, we would all want our loved ones and ourselves to be saved, wouldn’t we?”BBC News Share Share 9 Views no discussions