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Supermarket woes deepen over price wars

first_img whatsapp Kasmira Jefford Tuesday 21 October 2014 9:09 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com whatsapp THE UK food industry’s troubles were laid bare today after a report revealed the sector had suffered the sharpest rise in financial distress compared with other UK industries.According to Begbies Traynor’s latest Red Flag update, which monitors the health of UK companies, levels of “significant” financial distress among UK food retailers rose by 11 per cent over the past three months and by 53 per cent over the year to include 4,239 struggling businesses.More severe cases of “critical” financial distress rose by 23 per cent in the last quarter, including seven large food retailers, which were categorised as businesses with more than 500 employees.“With Tesco in trouble following revelations of its £250m profits guidance overstatement, and dampened sales expectations from Morrisons and Sainsbury’s, all have been forced to cut prices in a bid to encourage shoppers back through their doors and recapture market share,” Begbies Traynor partner Julie Palmer said.She added that supply chain disputes, inefficient legacy sites and, in some cases poor financial management, were among the biggest issues facing the grocers. Share Show Comments ▼ Supermarket woes deepen over price wars Tags: NULLlast_img read more

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Exclusive: Virgin Money to IPO on Friday, but prices shares at bottom of range

first_img The long-awaited flotation of Virgin Money will take place on Friday, although it is planning to price its shares right at the bottom of their range, City A.M. understands, .Earlier this month, we revealed the challenger bank will target a share price of 283p-333p when it launches its IPO, valuing it at £1.25bn-£1.45bn. But a source close to the deal said the bank had opted to price its shares at 283p, which will put its value at £1.25bn. It is likely to exercise its greenshoe option when it lists, which enables existing shareholders to sell more shares. The source added that half the demand for shares had come from outside the UK, suggesting British investors continue to be cautious following recent market turbulence.Virgin Money confirmed its plans to IPO last week, after it shelved them in October following market turbulence But as the markets settled, and following new guidance from the Financial Policy Committee which confirmed its financial buffer was “in excess of the recommended requirements”, it decided to go ahead with its flotation.Jayne-Anne Gadhia, the bank’s chief executive, said access to the public capital markets had been “a long-term strategic objective for Virgin Money”. Virgin Money did not comment. whatsapp Exclusive: Virgin Money to IPO on Friday, but prices shares at bottom of range Wednesday 12 November 2014 7:33 am Show Comments ▼ Tags: Company IPOs Virgin Money Holdings More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Share whatsapp Emma Haslett last_img read more

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Best of the Brokers for 19 December 2014

first_img More From Our Partners Texas governor said he plans to strip the Legislature’s paybusinessinsider.com whatsapp Best of the Brokers for 19 December 2014 Share To appear in Best of the Brokers, email your research to [email protected] reiterated its “buy” rating, stating that XL Group’s bid for Catlin has highlighted the potential attraction of the London underwriters. The broker said Brit is “well positioned in the current underwriting environment” and increased the target price by 20p to 310p.GREEN DRAGONCantor Fitzgerald reiterated its “buy” rating. The broker noted that the gas company has received £27.1m and issued 13,756,000 shares to the Chandler Corporation following the exercise of warrants, and said this action had been taken account of in its valuation of Green Dragon.TESCOShore Capital reiterated its “hold” rating, following news that the supermarket business is “cranking up the customer service ahead of the big Christmas shopping week”. The broker said it sensed that Tesco is “striving to better set up stores… and build availability”. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMold Removal | Search AdsBathroom Mold Removal Tips That Might Surprise Most AmericansMold Removal | Search AdsAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediafdd2021 Senior DiscountsfddBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestinationCleaning Services | Search AdsHere’s What Cleaning Services In Scottsdale Should Actually CostCleaning Services | Search AdsHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewada5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard®center_img whatsapp Thursday 18 December 2014 8:26 pm Show Comments ▼ Express KCS Tags: NULLlast_img read more

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Strong pound could push Bank of England to cut interest rates

first_img Express KCS Show Comments ▼ Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapBill Maher Pokes Fun at Joe Manchin: He’s a ‘Democrat Except on Matters ofThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapDoes ‘In the Heights’ Have a Post-Credits Scene?The WrapAzealia Banks Blasts Candace Owens’ Juneteenth Diss With Callback toThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap INTEREST rates were held at 0.5 per cent by the Bank of England’s monetary policy committee (MPC) yesterday, with economists predicting they will stay low for another year.Although the economy is growing strongly, inflation is low which means the Bank is in no hurry to raise rates.Some economists believe the MPC will want to keep rates low or even chop them further, in a bid to weaken the strong pound, which they fear may be hurting growth.Such a move would weaken the pound against currencies including the euro and the dollar, providing a spur to exporters and – by making imports more expensive – push inflation back closer to its two per cent target.Alasdair Cavalla from the Centre for Economics and Business Research argues that this is a dilemma for UK and US policymakers, who are in a similar position.If UK and the US were “to cede to this pressure [to raise interest rates, it] would push them in the opposite direction to most other major central banks, almost all of which are loosening monetary policy,” said Cavalla.“The consequent upward pressure on US and UK currencies [since expectations of a rate rise are enough to prompt speculation] threatens to make exports less competitive as well as pushing inflation further below target through cheapening imports.”He expects interest rates will be held down until early 2016.The Bank of England targets inflation of two per cent, but prices are currently flat and may fall over the coming months.As this is the result of factors including falling oil prices, this is widely considered to be so-called good deflation, boosting consumers by increasing their spending power. whatsapp Sharecenter_img Thursday 9 April 2015 9:32 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comComedyAbandoned Submarines Floating Around the WorldComedyForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.com whatsapp Strong pound could push Bank of England to cut interest rates Tags: NULLlast_img read more

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New budget 2015: George Osborne uses CBI speech to lay out government plans to tackle the productivity puzzle

first_img Show Comments ▼ Billy Ehrenberg Tags: Budget 2016 George Osborne July Budget 2015 Northern powerhouse project People whatsapp Share center_img George Osborne offered a glimpse of what to expect at the 8 July budget when he gave a speech to the Confederation of British Industry (CBI) this evening, with productivity a major focus.Also top of the agenda is the merging of the Shareholder Executive – the body that runs the government’s financial interests in state-owned businesses, and UK Financial Investments, which is responsible for the government’s shares in UK banks. Read more: Osborne pushes transfer of public assets to the private sectorTackling the productivity puzzleOsborne announced the start of a major push on productivity, which the government says will complement work already done on rebalancing growth and the creation of a Northern Powerhouse.The productivity puzzle has been a worrying feature of the UK’s economy in recent years. Productivity, a measure of what workers put into the economy, has not kept up with the growth in employment.Osborne said:Now a lot has been written about the productivity puzzle. Why, for so many years, have British workers been less productive than their German or American counterparts? Why has productivity been so damaged by the Great Recession?…Let me be clear: improving the productivity of our country is the route to raising standards of living for everyone in this country. So by the Budget I will publish our Productivity Plan, our plan to make Britain work better.Our future prosperity depends on it.It is now within our grasp to make Britain the most prosperous country in the world, and the best place to do business. It would be very easy at the beginning of a second term to take our foot off the pedal. That’s not what we’re going to do.In response to Osborne’s speech, John Cridland, CBI Director-General, said:Productivity is a missing piece of the growth puzzle and the Chancellor is right to focus on this issue. By improving vocational education for 14-18 year olds, investing more in innovation and upgrading the UK’s infrastructure we can make sure the benefits of growth are felt by all.Businesses fully support prioritising deficit reduction, which is critical to maintaining the UK’s credibility in international markets and keeping the costs of borrowing low for growing firms.As the unemployment rate has been dropping, the Bank of England doesn’t believe the puzzle is caused by spare capacity in companies. It said in a recent report:The recent strength in hiring and modest pickup in productivity growth suggest that spare capacity within firms is unlikely to explain much of the current weakness. Wednesday 20 May 2015 2:36 pm whatsapp New budget 2015: George Osborne uses CBI speech to lay out government plans to tackle the productivity puzzle last_img read more

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New York State may force drug makers to pay for drug take-back programs

first_img Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Pharmalot Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Tags opioidspharmaceuticalsSTAT+states What’s included? GET STARTED About the Author Reprints Ed Silverman Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Log In | Learn More center_img STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. New York State may force drug makers to pay for drug take-back programs @Pharmalot New York appears poised to become the latest state to adopt a drug take-back law, a slow-but-steady notion moving across the country as local governments grapple with budget constraints caused by unwanted or unused medicines and the opioid crisis. And the financial burden would, once again, fall on the pharmaceutical industry.The New York state legislature last week unanimously passed a bill that would require drug makers to underwrite the cost of collecting and disposing of medicines. The measure must now be sent to New York Gov. Andrew Cuomo. We asked his office for comment and will pass along any reply. Last year, Cuomo vetoed a bill that would have required pharmacy chains — not drug makers — to largely pay for a statewide program. What is it? [email protected] By Ed Silverman June 26, 2018 Reprints Keith Srakocic/APlast_img read more

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Decaying sailboat on Barefoot Beach causes concern

first_imgAdvertisement COLLIER COUNTY. Fla. – The 39-foot sailboat “Outrageous” used to be one man’s home, now it’s decaying and haunting Barefoot Beach for almost two months and beachgoers want it gone.“I think it is an eyesore,” seasonal resident Liz Smith said. Liz Smith and her husband Ken, walk Wiggins Pass weekly and every time are shocked to see the sailboat still beached. “Looks like they have stopped trying to save it at this point,” Ken Smith said.  RELATEDTOPICS Barefoot Beach in Collier is getting an update April 7, 2021 AdvertisementTags: barefoot beachsailboat Barefoot Beach project paused due to sea turtle nesting season May 6, 2021 Coast Guard crew rescues stranded sailboat near Naples March 23, 2021center_img Advertisement Sailboat stuck on Big Marco Pass starts decaying 4 months later April 12, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments AdvertisementKenneth Farmer with SWFL Marine Salvage and Boat Works said he is in charge of getting the boat out of the water. Farmer said his first attempt failed and he has about 21 more days to get the boat off the beach before it becomes state property. FWC has not yet responded about the vessel. last_img read more

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Florida family indicted after selling bottles of bleach as a COVID “miracle cure”

first_imgRELATEDTOPICS Florida man caught in Collier County with over 20 stolen identities June 9, 2021 AdvertisementThe men were marketing “Miracle Mineral Solution” as a cure for COVID-19, cancer, Alzheimer’s disease, diabetes, autism, malaria, hepatitis, Parkinson’s disease, herpes, HIV/AIDS as well as other serious conditions, according to federal prosecutors. The solution was made of industrial grade bleach. Investigators said the Grenon’s sold their product nationwide. The FDA had not approved the solution for any use. Health Matters: Managing the Stress of COVID-19 June 7, 2021 COVID-19 restrictions likely kept kids out of swim class, putting them at risk June 9, 2021 AdvertisementTags: BradentonCovid-19fraud Mobile pediatric clinic provides COVID vaccines for children 12+ June 15, 2021 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments BRADENTON, Fla. (WESH)– A man and his three sons have been indicted after they reportedly sold bottles of “miracle cure” for COVID-19 which were actually bleach. The Florida family sold tens of thousands of bottles, as reported by WESH. Mark Grenon, Jonathan Grenon, Jordan Grenon and Joseph Grenon have been accused of fraud as well as violating court orders that they stop selling their fake cure. According to investigators, the Grenon’s were creating the “Miracle Mineral Solution” in their backyard shed in Bradenton. AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Prosecutors said the product was sold under the guise of Genesis II Church of Health and Healing. The Grenon’s are accused of creating this entity themselves to avoid any government regulation. As reported by WESH, Genesis’ website describes the agency as a “non-religious church.” The “Miracle Mineral Solution” was available by donation to Genesis, however the donations were set at specific mandatory amounts, effectively a sales price. Reportedly, the Grenons received more than $1 million from purchases of “Miracle Mineral Solution.last_img read more

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Laois farm land sells for almost €18,000 an acre

first_img Community Previous articleJob Alert: This week’s job vacancies in LaoisNext articleDeaths in Laois – Sunday, May 20, 2018 Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of LaoisToday.ie. From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. Community Facebook Five Laois monuments to receive almost €200,000 in government funding Pinterest Laois farm land sells for almost €18,000 an acre A 10-acre plot of land near Ballybrittas sold after a lively bidding war at auction last week for just under €180,000.The land at Cloneen, just off the old N7 road between Monasterevin and Portlaoise, is about 2.5km from Ballybrittas and 3.5km from Killenard.Handling the sale was Jordan Auctioneers and the auction took place in the Keadeen Hotel with the property opening for bids at €100,000.Three bidders were involved up to €155,000 and at this stage it was placed on the market with two parties battling it out before it went for €177,500, or €17,750 an acre. The purchaser was a local farmer.According to the Farmers Journal the entire was all in permanent pasture with mains water supplied but had been sterilised from future development as part of an historic planning application.“The land generated substantial interest from the outset,” auctioneer Clive Kavanagh was quoted in the Farmers Journal.“Although planning permission would be difficult to obtain it is likely a locally-based person with strong connections to the area might be able to achieve a favourable outcome.”SEE ALSO – Five sites in Laois for sale that would make for an ideal location for a new home TAGSBallybrittasJordan AuctioneersKillenard Rugby WhatsApp Pinterest Ten Laois based players named on Leinster rugby U-18 girls squad By Steven Miller – 20th May 2018 RELATED ARTICLESMORE FROM AUTHOR Facebook WhatsApp Home Property Laois farm land sells for almost €18,000 an acre Property Twitter Twitter Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’last_img read more

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Tie bank execs’ pay to diversity: U.K. review

first_img Related news In addition, the review recommends that financial services firms should publicly report on their gender diversity; and, that they should appoint an executive responsible for gender, diversity, and inclusion. The preliminary recommendations were presented at a summit hosted by the Economic Secretary to the Treasury, Harriett Baldwin, with senior financial industry representatives on Wednesday. A final report is due next year before the government tables its budget. “It should be a wake-up call to everyone in financial services that fewer women progress to senior levels than in any other industry in the U.K.,” said Gadhia, in a statement. “There are many views as to why that might be. Motherhood, remuneration, the ‘old boys’ network’ are all mentioned, but only scratch the surface of an issue that has been hidden for too long.” “Businesses will increase productivity and improve results by encouraging more women into senior roles. But the approach needs to fit the individual organization and the women involved,” she added. “My report proposes addressing the issue in a way that the City will recognize. Make it public, measure it and report on it. What gets published gets done.” “Financial services is at the centre of driving productivity in the U.K., but it’s also a sector where the problem of gender diversity is particularly marked – especially in senior management. That is why Jayne-Anne Gadhia’s review is so important, and it is a key strand of the work towards achieving gender parity,” said Baldwin. Share this article and your comments with peers on social media James Langton Feds should be ‘cautious’ and avoid overstimulation with upcoming budget: RBC CEO The compensation of senior financial industry executives in the U.K. should be tied to the number of women in top management at their firm, a U.K. Treasury review recommends. The Treasury department on Wednesday announced that one of the preliminary recommendations from a review, which is being headed up by Jayne-Anne Gadhia, chief executive of Virgin Money, is to make the remuneration packages of a firm’s executive team dependent on gender balance. Providing funding and inspiration for Black entrepreneurs Keywords Diversity Access to capital, low trust in banks cited as barriers to Black entrepreneurs Facebook LinkedIn Twitterlast_img read more

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