Greencore seeks bid partner

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Share KCS-content whatsapp GREENCORE has leapt back into the Northern Foods fight, after meeting with the Northern board to warn them of a further bid backed by private equity, people familiar with the situation said yesterday. Greencore has kept the identity of its potential private equity partner close to its chest, refusing to tell even the Northern board its name, sources told City A.M.Industry insiders had written off a further bid from Greencore, following tycoon Ranjit Boparan’s £342m all-cash offer for Northern last month. Greencore appointed former Cadbury executive Andy Williams as its finance director this week, fuelling speculation that it was ready to walk away as its earlier merger plans had placed Northern’s Simon Herrick in the chief financial officer job. “[Greencore]is trying to find a creative way to consummate a deal,” another source said yesterday. Thursday 17 February 2011 9:09 pm Greencore seeks bid partner center_img Tags: NULL Show Comments ▼ whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap last_img read more

IPL MONEYBALL: Williamson, Rayudu giving best ROIs for IPL 2018

first_img Cricket IPL MONEYBALL: Williamson, Rayudu giving best ROIs for IPL 2018 Cricket WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video RELATED ARTICLESMORE FROM AUTHOR Previous articlePremier League: Man City champions, but ManU tops the revenue chartsNext articleIPL 2018: This RCB fitness test results will leave you overawed! Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. TAGSAmbati RayuduIndian Premier LeagueIPL 2018IPL MoneyballKane WilliamsonVIVO IPL 2018 SHARE Cricket YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndowww.tseshop.comPittsburgh’s leading supplier of signed memorabilia. 100% money back authenticity guarantee!|SponsoredSponsoredUndo by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyAdvertisement Avoid Grammatical Errors with This Helpful Browser ExtensionGrammarlyUndoMicrosoftBring your desktop to life with Bing WallpaperMicrosoftUndoCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One ShoppingUndoThere are surprise packages likes Mumbai Indians’ Mayank Markande, Shreyas Gopal of Rajasthan Royals, Delhi Daredevils’ Harshal Patel and Kolkata Knight Riders’ Prasidh Krishna – all uncapped players acquired by their respective franchisees for their base price of a mere ₹20 lakh. The quartet in the order of mention here leads the IPL Moneyball Value for Money impact. The meagre investment on these players translates their impressive performances into the best investments in terms of each Impact Point Cost (Players salary divided by his Moneyball Impact Points).Among the established players, Williamson and Rayudu steal the show as their performances have been crucial in placing SunRisers Hyderabad and Chennai Super Kings atop the IPL 2018 Points table respectively. They are not the highest paid players even for their respective teams. But they both are the top scorers for their respective teams – among the top five for the tournament.Williams with 625 runs from 13 innings is only behind Kings’ XI Punjab batsman-wicketkeeper Lokesh Rahul, who has scored 652 from as many games. Rayudu has to his name 525 runs with an unbeaten century.The Rahul also tops the billing among the ₹11 crore and above STARS. The elite group has the likes of Virat Kohli, retained by RCB for the highest ever IPL salary of ₹17 crore; two ₹15 crore retentions MS Dhoni and Rohit Sharma; Sunil Narine and Ben Stokes with ₹12.5 crore salary packages and the ₹11 crore club of Rahul, AB de Villiers, Hardik Pandya, Suresh Raina and Manish Pandey.Mumbai Indians’ skipper Rohit Sharma and Jaydev Unadkat, who bagged a surprise ₹11.5 crore deal from Rajasthan Royals, have turned out to be the most disappointing investments by their respective franchisees.The Delhi Daredevils’ wicketkeeper-opener Rishabh Pant has been the best value for money deal for his ₹8 crore contract for the season. However, the team is let down by the most of its top players with the exception of skipper Shreyas Iyer, who was handed the team command as Gautam Gambhir had relinquished captaincy in the wake of his poor performance with the bat and team’s overall dismal showing.The IPL 2018 journey for Pant will be over after DD’s last league game on Sunday, June 20. Rahul’s Kings XI Punjab too hold a very thin hope as a win alone in their last league game is no guarantee for qualification to the next round. Williamson and Rayudu in this scenario will now also have a race to finish as the top scorer of the tournament. Latest Sports News Chennai Super Kings veteran Ambati Rayudu and SunRisers Hyderabad captain Kane Williamson were not among the prime choices during the Indian Premier League auction for the 2018 season.Over a span of 13 games, these two batsmen have emerged THE DEALS of IPL 2018 – giving the best returns on investment of ₹1 crore or above acquisition by any franchisee, for any players. WI vs SA 2nd Test Day 3 Live: South Africa in huge trouble; SA 63/6 (24 ov)- Follow Live Updates Cricket CricketIndian premier leagueIndian premier league 2020Latest Sports NewsMoneyballSport By Kunal Dhyani – May 19, 2018 Facebook Twitter Cricket Share on Facebook Tweet on Twitter Cricket WTC Final LIVE: Devon Conway continues red-hot form, slams fifty to provide New Zealand dream start Cricket PSL 2021 Eliminator 1 PES vs KAR LIVE: best way to watch Peshawar Zalmi vs Karachi Kings Live Streaming in your country, India, Follow Live update BCCI Apex Council Meet: BCCI to bid for 3 major global events in next tournament cycle starting from 2024; Check WTC Final LIVE: Jamieson says, ‘nice and pleasing to get Virat Kohli’s wicket’; Gill feels India could have got more wickets Cricket Football Euro 2020- Switzerland beat Turkey 3-1: Shaqiri’s brace keep Switzerland hopes alive; Turkey face exit from Euros Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore WTC Final Day 3 Stumps: India remove Conway and Latham but Kiwis on top; NZ 101/2 (49 ovs) trail by 116 runs PSL 2021 Qualifier 1 ISL vs MUL LIVE: best way to watch Islamabad United vs Multan Sultans Live Streaming in your country, India, Follow…last_img read more

Phoenix Beverages Limited ( HY2020 Interim Report

first_imgPhoenix Beverages Limited ( listed on the Stock Exchange of Mauritius under the Beverages sector has released it’s 2020 interim results for the half year.For more information about Phoenix Beverages Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Phoenix Beverages Limited ( company page on AfricanFinancials.Document: Phoenix Beverages Limited (  2020 interim results for the half year.Company ProfilePhoenix Beverages Limited is a Mauritian company that produces bottles and distributes alcoholic and non- alcoholic brews. Under the company’s production line, there are numerous renowned brands represented. With brands such as Guinness Foreign Extra Stout, Malta Guinness and Smirnoff Ice, Coca-Cola, Fanta, Sprite, Schweppes, Dasani and Crystal table water, being produced and sold by the company under the respective contract agreements. The company is headquartered in Phoenix, Mauritius Phoenix and operates as a subsidiary of Phoenix Investment Company Limited. Phoenix Beverages Limited is listed on the Stock Exchange of Mauritius.last_img read more

Why I’m planning on investing £200 a month in UK growth stocks right now

first_img Jonathan Smith | Friday, 7th May, 2021 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img The FTSE 100 index has seen a solid move higher in recent weeks. It has broken the psychological barrier of 7,000 points, and is now above 7,100. As part of this move, UK growth stocks are helping to lead the charge. Yet with UK markets lagging behind other global stock indices, I think there’s further to go in this move during 2021. Targeting UK growth stocksThe main reason why I want to target UK growth stocks is that these are the companies that typically offer higher returns. The FTSE 100 is an index comprised of different types of firms. If the FTSE 100 rallies 10% this year, it could be that growth stocks give a 15% return, with dividend stocks or mature companies offering (maybe) a 5% return. This blends together to give the overall index performance.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…So if I want to make, say, £200 a month have the best chance of getting returns, I’d probably head to growth stocks.Of course, this strategy won’t apply to everyone. For example, I might be in a position where I want to invest in low-risk stocks to avoid the high volatility often seen in growth stocks. Or I might have a need to generate income from dividend stocks instead. Growth stocks typically reinvest the bulk of profits in the business to fuel growth, instead of paying it out to shareholders.Yet if my aim is to try and target high capital gains, I feel UK growth stocks are my best option. Why invest monthly?If the stocks I’m looking at historically have outperformed the FTSE 100 index, then why don’t I just invest all my money straight away instead of monthly? By the very nature of growth stocks, I don’t think this would be a good idea. As mentioned above, such stocks usually have quite high volatility, meaning that the share price is choppy. So by investing £200 each month, it allows me to take advantage of times when the share price has dropped a little lower. ‘Averaging-in’ allows me to smooth out the volatility over time. After all, I’d hate to simply invest 100% in one go only to see the share price fall 10% the following month!The other benefit of investing monthly in UK growth stocks is that it’s easier on my cash flow. Ideally, I want to build a large investment pot over time. By investing each month with an amount that I can afford makes it more sustainable. Otherwise I’m going to be waiting to accumulate a lump sum or for some unexpected cash inflow before I can invest.The downside of investing monthly is that it’ll take longer for me to accumulate stocks than with a lump sum. However, I feel this simply helps to teach me patience, a valuable quality I need to have in order to be a profitable investor. That said, I won’t be too patient as I’ll get started right away! Why I’m planning on investing £200 a month in UK growth stocks right now “This Stock Could Be Like Buying Amazon in 1997” See all posts by Jonathan Smith Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

Who gives? Del Boy or Sex and the City’s Carrie? More poor people than rich give to charity

first_img 9.  Slough 20 1.     Sunderland AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis 92 8.     Oldham 4.     Dundee 2.  Harrow 10.St Albans 7.  Southall Headline Findings: New Experian research , commissioned by The Giving Campaign – a national initiative that has been working to promote charitable giving across the UK, reveals that poorer people more frequently give to charity than the rich. 81 Tagged with: Giving/Philanthropy Research / statistics The Giving Campaign The research has found that charitable giving is most prevalent amongst those who live in council houses, and least prevalent amongst high earners and affluent households.  Furthermore, there is a clear north / south divide between areas where charitable giving is rife (in the north) and where it is less common (in the south).  The following table emphasises the inverse correlation between giving and wealth. Howard Lake | 26 June 2004 | News 100 55 Wealth Rank 9.     Paisley 2 89 1.  London · Giving is most prevalent amongst people who live in councilaccommodation, and least prevalent amongst high earners and affluent households 10 60 3.     Motherwell 3.  Twickenham 3 · The most charitable towns are Sunderland, Blackpool and Motherwellcenter_img 69 83 18 5 72 (1-rich, 114 – poor) 33 10 Most Charitable Towns The average wealth within the 10 most charitable towns – where giving is most prevalent – is significantly lower than the national average. In contrast, the 10 towns with the lowest number of donors have an average wealth of twice the national average. The three wealthiest towns areamongst the 10 towns with the fewest donors in the UK. (See Notes to Editors for more regional data).Experian has developed a postcode based consumer classification system called UK Mosaic which divides the UK population into 11 groups, containing 61 different types.  Using these criteria, the following list shows how prevalent giving is amongst the following stereotypes.Individuals most likely to give to charity:1. Municipal Dependency – Often living in council housing earning a low rate of income, unemployed or retired.  Few people within this group have significant savings.2. Twilight Subsistence -With the support of housing and social services departments, this group relies entirely on state benefits for their income and have a low level of savings and income.3. Blue Collar Enterprises – Mainly living on council estates, this is an enterprising group of self-reliant individuals, many of whom havebecome homeowners.Individuals least likely to give to charity:1. Symbols of Success – As successful, higher rate taxpayers, these individuals have substantial equity, expensive leisure interests and live in spacious, fashionable housing.2. Urban Intelligence  – Typically well-educated, stylish young professionals with no children, this group tend to live in inner city areas. Many have high disposable incomes.3. Rural Isolation – Living deep in the small rural communities where farming remains a key occupation, this group tend to have low disposable incomes, but high value, illiquid assets.The Giving Campaign has been working to encourage people to consider their charitable giving in relation to their overall income and wealth and is challenging the UK to double donations over the next decade.  AmandaDelew, Director of The Giving Campaign, says:”It is staggering to think that, although the better-off have more money than ever before, it is the poorer people in society who are giving their money away to good causes.  While there are many wealthy people who do give to charity, often very generously, there are too many who aren’t.  I’d like to see people across the UK working to generate a culture of giving,where it is natural for people – particularly the wealthy – to give generously towards the good causes they care about.” 49 2.     Blackpool 7.     Liverpool 1 Wealth Rank 5.  Ilford 8.  Guildford (1-rich, 114 – poor) 6.  Croydon · London is the least charitable region in the UK 10 Least Charitable Towns 5.     Newcastle upon Tyne 6.     Kilmarnock Advertisement 10.  Sheffield 23 Who gives? Del Boy or Sex and the City’s Carrie? More poor people than rich give to charity 86 4.  Kingston-upon-Thameslast_img read more

Freddie Mac Prices Third STACR Offering of 2015 at More Than $1 Billion

first_imgHome / Daily Dose / Freddie Mac Prices Third STACR Offering of 2015 at More Than $1 Billion Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Freddie Mac Prices Third STACR Offering of 2015 at More Than $1 Billion Freddie Mac has announced the pricing of its third Structured Agency Credit Risk (STACR) debt notes offering for 2015, which has been increased up to $1.01 billion from $720 million due to market demand.The latest offering, STACR Series 2015-DNA1, represents a couple of firsts for Freddie Mac’s STACR program: it is the enterprise’s first transaction in which losses will be allocated based on actual losses realized on related reference obligations instead of using a fixed severity approach to allocate losses. In addition, the latest STACR offering represents the first time the first-loss Class B tranche will be issued as book-entry notes.Pricing for STACR Series 2015-DNA1 is as follows: for the M-1 class, one-month LIBOR (London Interbank Offered Rate) plus a spread of 90 basis points; for the M-2 class, one-month LIBOR plus a 185 basis point spread; for the M-3 class, one-month LIBOR plus a 330 basis point spread; and for the B class, one-month LIBOR plus a 920 basis point spread.The offering is scheduled to settle on or around April 28, according to Freddie Mac. Fitch and Moody’s are rating the M-1, M-2, M-3, and MACR classes, and Freddie Mac holds the senior loss risk in the reference pool as well as a portion of the risk in the M-1, M-2, and M-3 classes and first-loss Class B tranche. STACR Series 2015-DNA1 has a reference pool of single-family mortgages originated in Q4 2014 with an unpaid principal balance of more than $31.9 billion, according to Freddie Mac.”We see actual loss-based risk transfer as more sustainable over the long run than calculated loss risk transfer deals, and we are very happy with the initial positive demand from investors,” said Mike Reynolds, Freddie Mac VP of Credit Risk Transfer. “We look forward to integrating actual loss into future transactions.”The STACR offering priced earlier this week is Freddie Mac’s third this year and 12th overall. Freddie Mac began the STACR program in the second half of 2013 as part of the Enterprise’s goal of reducing risk to taxpayers by increasing private capital’s role in the mortgage market. Freddie Mac has laid off a substantial portion of credit risk for more than $205 billion in unpaid balances on single-family mortgages through STACR transactions. The enterprise has issued $7.8 billion in STACR bonds to date, representing reference pools of $249.6 billion through 11 issuances, not including the current STACR Series 2015 DNA1.Credit Suisse is acting as structuring lead manager for the transaction, and Citi Citigroup is acting as co-lead manager and joint bookrunner, according to Freddie Mac.Click here to see a PDF of a STACR investor presentation, or click here to see more on Freddie Mac’s Credit Risk Offerings. April 23, 2015 1,081 Views The Best Markets For Residential Property Investors 2 days ago Tagged with: Freddie Mac Single-Family Residential Mortgage Loans STACR Structured Agency Credit Risk  Print This Post Share Save Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News, Secondary Market Previous: Bank of America Asks for Removal of $1.27 Billion Penalty, Questions Judge’s Impartiality Next: Will Banks Benefit From Recent Non-Performing Loan Sales by GSEs? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Freddie Mac Single-Family Residential Mortgage Loans STACR Structured Agency Credit Risk 2015-04-23 Brian Honea Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Caliber Sold to New Residential for $1.7 Billion

first_img April 14, 2021 6,134 Views The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Previous: Profit-Per-Loan Hits Record High in 2020 Next: To What Extent Have Homeowners Prepared for Disaster? Demand Propels Home Prices Upward 2 days ago  Print This Post New Residential Investment Corporation has entered into an agreement with an affiliate of Lone Star Funds to acquire Caliber Home Loans Inc., bringing together the platforms of Caliber and NewRez LLC. Under the terms of the agreement, New Residential will pay a cash consideration of $1.675 billion to acquire Caliber.Through the acquisition New Residential expects to broaden its customer retention efforts; enhance its purchase origination capabilities; add to its asset base with a portfolio of mortgage servicing rights (MSRs); and accelerate New Residential’s mortgage platform objectives.“We believe this is a terrific acquisition for our company,” said Michael Nierenberg, Chairman, CEO, and President of New Residential. “Over the years, Caliber’s experienced team has built a differentiated purchase-focused originator with an impressive retail franchise and solid track record in customer retention. The combination of NewRez and Caliber’s platforms will create a premier financial services company with scale, talent, technologies, and products to accelerate our mortgage company objectives and generate strong earnings for our shareholders. With this acquisition, we have significantly strengthened our capabilities to perform across interest rate environments.”Caliber reported $80 billion in unpaid principal balance (UPB) of funded origination volume in 2020. Caliber’s servicing portfolio as of December 31, 2020 featured $153 billion in UPB, with approximately 630,000 customers.“We are excited to be joining the New Residential family,” said Sanjiv Das, CEO of Caliber. “By combining platforms with NewRez, we will join another industry pioneer that has complementary strengths and is committed to delivering the dream of homeownership. Our combination of strategies will allow us to accelerate our leading position in purchase lending, grow our digital direct to consumer and broker initiatives, and further propel our retail franchise. As we leverage our digitization investments, we will make the entire mortgage process faster, easier, and more efficient. We are thrilled to have the opportunity to deepen our customer relationships, expand our customer reach and provide more industry-leading products and options to our customers.” Home / Daily Dose / Caliber Sold to New Residential for $1.7 Billion Related Articles Tagged with: Caliber Home Loans Inc Lone Star Funds Michael Nierenberg New Residential Investment Corporation NewRez LLC Sanjiv Dascenter_img Demand Propels Home Prices Upward 2 days ago Caliber Home Loans Inc Lone Star Funds Michael Nierenberg New Residential Investment Corporation NewRez LLC Sanjiv Das 2021-04-14 Eric C. Peck in Daily Dose, Featured, Journal, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Caliber Sold to New Residential for $1.7 Billion Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Eric C. Peck Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

OPEC and allies urge members to comply with agreed cuts in oil production

first_img OPEC headquarters in Vienna, Austria. (Credit: DALIBRI/ The Organisation of the Petroleum Exporting Countries (Opec) and its allies, collectively called OPEC+, urged oil-producing countries that are drawing above output targets to reduce more volumes in August-September due to concerns of slow oil demand recovery.The association also predicted that demand for oil could reach pre-Covid-19 levels by the year-end.The 21st Meeting of the Joint Ministerial Monitoring Committee (JMMC), which was held through a virtual conference, reviewed the monthly report prepared by OPEC’s joint technical committee (JTC). Besides, the developments in the global oil market were reviewed since the committee’s last meeting in mid-July.The meeting was held under the chairmanship of Saudi Arabian Minister of Energy Prince Abdul Aziz Bin Salman, and co-chair Alexander Novak, who is the Russian Minister of Energy.Data for crude oil production during July 2020 was reviewed as well by the committee. It was noted by the committee that the participating OPEC and non-OPEC countries of the Declaration of Cooperation (DoC), delivered a significant performance in overall conformity, at 97%. These included Mexico as well as per the secondary sources.As per Opec, the JMMC members reiterated their commitment to the DoC to meet full and timely conformity. Apart from that, the underperforming members of the committee agreed to make up for the shortfalls in May, June, and July 2020 by the end of next month.The JMMC members also appealed to other underperforming participating nations to present their plans for implementing the compensation required for the overproduced volumes to the OPEC Secretariat by 28 August 2020.OPEC statement on the JMMC meetingOPEC stated: “The Committee emphasized that achieving 100% conformity from all participating countries in the DoC and compensating for the shortfalls in May, June and July 2020 is not only fair, but vital for the ongoing rebalancing efforts and to help deliver long-term oil market stability.“It instructed the JTC and the OPEC Secretariat to closely monitor and report to the JMMC on the implementation of the required compensation by the underperforming participating countries as stipulated in their plans.”The JMMC committee also noted that there are some indications of market conditions gradually improving, which includes the reversal of the inventory build in July 2020 along with the narrowing of the gap between global demand and supply of oil.However, the committee felt that the speed of recovery seemed to be slower than expected with increasing risks of a prolonged wave of Covid-19. OPEC predicted that demand for oil could reach pre-Covid-19 levels by the year-endlast_img read more

Queen’s President pressured to resign again

first_imgQueen’s College JCR President, Nathan Roberts, faces losing his position for a second time, it emerged this week.After his forced resignation last term, and his subsequent re-election at the beginning of Hilary, Roberts faces a second removal after a decision made by Queen’s Governing Body, which has stated that it does not consider it appropriate for him to act as a representative for the JCR.The college Provost, Paul Madden, emailed members of Queen’s JCR to tell them that he had advised Roberts before the more recent elections took place that he could be an “acceptable” candidate for the position this term.This was on the provision “that his academic work, as reflected in tutorial reports and collection results, had improved to the extent that his Tutor could now advise him that this was a reasonable step.”However, he added, “In the event, the tutor’s advice was that he should not stand. I told Mr. Roberts that he should withdraw his candidacy.”“Unfortunately,” he went on, “the election was allowed to proceed with Mr. Roberts as the only named candidate and he was elected. The Governing Body has taken the view that it is not possible to accept as a student representative someone who has defied the instructions of its academic disciplinary committee, and the repeated advice of his Tutor and the head of the College.”The Provost also pointed out that the Conference of Colleges Appeal Tribunal (CCAT), an external body of appeal, to which Roberts took his concerns in Michaelmas, had decided “it was within the power of the College to require the student to resign the Presidency of the JCR for reasons of academic discipline.”Roberts has rejected the claim that his enforced removal was within the powers of the College. He told Cherwell, “The SCR can do a lot of things. They can’t just sack me.”In an open response to the Queen’s College JCR, Roberts criticised the Provost’s opposition to his presidency.He stated that they had come out in favour of four out of his five appeals, including the claims that the College were both at fault in threatening him with expulsion last summer for not resigning and for not allowing him a College appeal.He claimed that he had “followed all the College and JCR rules”, and added, “I was given the impression that there would only be repercussions if my work this term proved to be poor…“My academic situation has improved and there has been observation across my reports that I’m putting a lot more work in, despite an incredibly stressful Michaelmas term.”University College JCR President Alice Heath expressed her disappointment at the Provost’s decision to send the email to the JCR: “I think it’s unprofessional and frankly outrageous that the Provost has brought up Nathan’s academic discipline in an email to the entire JCR.”“An SCR has no right to tell a JCR who its President should be. JCRs choose a student to represent them.”Roberts confirmed that he planned to challenge the Provost’s decision.Roberts was first forced to resign as JCR President at the beginning of Michaelmas Term 2009, due to his failure to attain a 2.1 in his Prelims.Following the rejection of his attempts to appeal to the Governing Body, Clumsy Teddy, a stuffed bear, was elected as his replacement. Roberts campaigned and husted on behalf of Clumsy Teddy.last_img read more

Man loses “Home Damage Appeal” That Blamed Neighbor’s Watering

first_imgMan loses “Home Damage Appeal” That blamed Neighbor’s WateringDave Stafford for www.theindianalawyer.comA man whose Monroe County home was lost to mold contamination lost his appeal of a jury verdict in favor of his neighbor. The homeowner had claimed his neighbor’s excessive watering of her lawn caused water damage to the basement of his home.David Kimbrough sued Ramona Anderson in August 2012, alleging that her watering habits caused mass amounts of water to flow from her yard into the lower level of his home over a period of years. But by that time, the home had fallen into such disrepair that the Monroe County Assessor removed the residence form the tax roll due to “severe black mold damage.”  Kimbrough also lost an art collection that an appraiser valued as worthless due to mold contamination.The jury returned a verdict for Anderson after hearing testimony that included witnesses who testified there were numerous maintenance issues with Kimbrough’s residence that could allow water to infiltrate into the wall and then into the foundation. Another of Anderson’s witnesses, a hydrogeologist, attributed the cause of damage to poorly installed drains around the foundation, lack of a sump pump, poor grading, or poorly maintained gutters.Kimbrough argued much of that evidence should not have been admitted, nor should the jury have known about an insurance claim he filed for water damage at the house in 2006, before Anderson moved there. Mold problems at the home were first detected then. He also said the jury was improperly instructed on Anderson’s affirmative defense arguments of Kimbrough’s comparative fault and failure to mitigate.In David L. Kimbrough v. Ramona F. Anderson, 53A05-1507-PL-883, the panel affirmed the jury verdict. “(W)e conclude that the trial court did not abuse its discretion in precluding testimony from Anderson’s insurance company regarding instructions given to Kimbrough, in admitting Kimbrough’s prior home insurance claim file, and in admitting one of Anderson’s expert reports into evidence,” Judge Paul Mathias wrote for the court. “Further, the trial court did not abuse its discretion in denying Kimbrough’s motion for judgment on the evidence on two of Anderson’s affirmative defenses or in instructing the jury.”FacebookTwitterCopy LinkEmailSharelast_img read more