Non-Standard Finance targets Provident takeover despite rejected bid

first_imgFriday 8 March 2019 9:07 am However, in its full-year results today Non-Standard Finance made it clear that it would continue to pursue the £1.3bn deal, which has received the backing of prominent shareholders.The company said today that it has received undertakings to accept the offer and letters of intent to accept the offer for 49.4 per cent of Provident’s issued share capital.“NSF intends to capitalise on its operational and commercial success by acquiring and transforming Provident to unlock substantial value for all shareholders of, and stakeholders in, both Provident and NSF,” the company said.“The offer, once complete is expected to create a well-balanced group with leading positions in some of the most attractive segments of the nonstandard finance sector.As part of the proposed deal, Non-Standard Finance will complete a demerger of its home credit business Loans at Home to win Competition and Markets Authority approval.What Non-Standard Finance said Non-Standard Finance targets Provident takeover despite rejected bid whatsapp Sub-prime lender Non-Standard Finance is continuing to target a takeover of troubled rival firm Provident despite its offer being rejected, the company revealed in its full-year results this morning.The figuresRead more: Provident Financial resolves regulation issues with City watchdog Revenue increased 47 per cent to £158.8m from 107.7m in the 12 months to the end of December last year.The firm saw pre-tax loss narrow to £1.5m from £13m the previous year, and the loss per share shrink from 3.26p to 0.54p.Non-Standard Financial said its dividend per share was 2.6p, up 18 per cent from 2.2p the previous year.The total net loan book increased 29 per cent to £310.3m across the firm’s branch-based lending, guarantor loans and home credit divisions.Why it’s importantThe firm made an offer to acquire rival firm Provident Financial at the end of last month, but was rejected by the company. Share Jessica Clark whatsapp “2018 saw the Group continue to make good progress. It also marked the conclusion of a period of significant investment in the Group and structural change, so that we are now delivering sustained earnings growth.Read more: Watchdog to probe Provident’s £1.3bn hostile takeover bid“The fundamental drivers of our business remain robust: we are delivering strong loan book growth whilst maintaining tight control over impairment and have high risk-adjusted margins in all three business divisions.“Having made a good start to the current year we remain confident in the full year outlook and are pleased to recommend a final dividend of 2p per share making 2.60p for the year as a whole, an increase of 18 per cent over the prior year.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSee What Full Mouth Dental Implants May Cost You | Sponsored ListingsSee what full mouth dental implants may cost you in ScottsdaleSee What Full Mouth Dental Implants May Cost You | Sponsored ListingsLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthParenting FactorLily From The AT&T Ads Is Causing A Stir For One ReasonParenting FactorPost FunRare Photos Show Us Who Meghan Markle Really IsPost FunNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Herald Tags: Company Provident Financiallast_img read more

Read More →

Mythical St Patrick’s Day Parade planned for Mountrath

first_img St Patrick’s Day parade in Mountrath Mountrath is going all out for this years St Patrick’s Day Parade with a mythical jam packed day planned for the whole family.All sorts of ghouls, dragons and faries will take to the Main Street for the parade as Mountrath turns all things mystical for the big day.The main goal for this years committee is to expand on last years success by getting more involved than before; with more variety of floats, acts, entertainment and delights to entertain all the ages.Chairperson for this year’s Mountrath St Patrick’s Parade Committee is local independent County Councillor James Kelly.He said: “It seems like of only a few months ago but here we are again back into organising the Mountrath Saint Patricks Day Parade 2019.“The committee have already met on numerous occasions and our theme for this year is ‘Mythical Creatures & Characters from around the World’.“Our parade will give an opportunity to all our business’s,sporting bodies,community and voluntary groups,cultural displays and individual entries to put their thinking hats on to celebrate this great day.”The committee choose this years theme to recognise the multi-cultural country Ireland has become and the growing number of different communities living in Mountrath“We want to make them feel part of our community by combining part of their heritage with our tradition,” one committee member said.The parade in Mountrath has been a much loved tradition honouring Irish heritage and culture since 1973.Highly revered for its iconic and orginal floats; the parade in Mountrath has generated a huge following with even one Irish Journalist Brenda Power describing it as ‘one of the last traditional parades’.In recent years the addition of school mascots and Grand Marshall combined with a variety of entertainment has added to its popularity “Mountrath and its surrounding areas has a very strong tradition of celebrating our national saint and the crowds that flock to the town have always been presented with a great parade that caters for all ages,” Mr Kelly said.“Our hard working committee are sending out an open invitation to all to enter a float in the parade with the theme giving lots of scope to do so.” Chairperson James Kelly added.Shannon Street will be closed off for the duration of the day with various children activities including bouncing castles and a shooting range to keep the kids happy.A variety of local acts will take to the big stage to showcase the best of local talent. “As chairperson of the committee I look forward to seeing you all there on the day.” He added.For more information please speak to one of our committee members James Kelly Chairperson, Colette Phelan Secretary orJulie Bennett PRO.If you have any queries or questions you can contact the committee via their new Facebook page Mountrath Patrick’s Parade or phone 0852834412.SEE ALSO – WATCH: Laois man captures epic Electric Picnic experience Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Home News Mythical St Patrick’s Day Parade planned for Mountrath News Previous articleNeighbouring GAA clubs clash over ‘poaching’ allegationsNext articleLaois Ladies minor footballers name captain and panel ahead of championship LaoisToday Reporter Pinterest By LaoisToday Reporter – 15th February 2019 Community TAGSMountrath St Patrick’s Day Facebook WhatsApp Facebook Mythical St Patrick’s Day Parade planned for Mountrath Community WhatsApp RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterest Council New Arles road opens but disquiet over who was invited to official opening Twitter Laois secondary school announces scholarship winners for new academic yearlast_img read more

Read More →

Credit unions ranked first in retail banking customer service

Fed plays limited role in assessing climate risks for banks Of all the financial institutions in Canada, credit unions continue to provide the best customer service, according to market intelligence firm Ipsos Reid. The results of the company’s 2012 Best Banking Awards in Canada, released on Thursday, recognize Canadian financial institutions with the top ranked customer service for personal banking experience. The rankings are based on quarterly surveys of Canadians, with a total of 43,202 household responses received this year. Facebook LinkedIn Twitter TD getting new head of private wealth, financial planning Canadian banks to focus on growth, spending and buybacks after strong second quarter Related news Credit unions (an aggregate of individual credit unions across the country) received the award for overall customer service excellence – an award they’ve received for eight consecutive years – along with awards in four other categories, including an award for financial planning and advice. BMO Bank of Montreal, Desjardins, RBC Royal Bank, Scotiabank and TD Canada Trust also received awards in the financial planning and advice category. ING DIRECT also stood out in the rankings, receiving awards in five categories. In a separate category of awards for the Big Five Banks, TD Canada Trust won awards in every category on a solo or shared basis, including the award for overall customer service excellence. This is the fifth consecutive year in which it has received all 11 awards. “In Canada we are fortunate to have a strong and successful banking system, not only because of its financial stability, but also because of the services and capabilities provided to us by our financial institutions,” said Ray Kong, senior vice president and global financial services practice leader at Ipsos Reid. Adrian Murphy, vice president at Ipsos Reid and author of the CSI study, noted that Canada’s financial sector has changed considerably since the Ipsos Reid study began 25 years ago. “In that time, we’ve seen changes in technology, competition and consumer behaviour drastically impact the way Canada’s financial institutions operate, and in particular, their awareness of and attention to the role of customer service,” he said. “The Best Banking Awards recognize and celebrate those financial institutions which have excelled in their commitment to customer satisfaction.” Select award recipients among all financial institutions: Customer Service Excellence: Credit Unions Value For Money: PCF President’s Choice Financial Interest Rates & Service Charges: ING DIRECT Products & Services Excellence: ING DIRECT Financial Planning & Advice: BMO Bank of Montreal, Credit Unions, Desjardins, RBC Royal Bank, Scotiabank, TD Canada Trust Branch Service Excellence: Credit Unions Online Banking Excellence: ING DIRECT Select award recipients among the Big Five Banks: Customer Service Excellence: TD Canada Trust Value For Money: BMO Bank of Montreal, TD Canada Trust Interest Rates & Service Charges: TD Canada Trust Products & Services Excellence: RBC Royal Bank, TD Canada Trust Financial Planning & Advice: BMO Bank of Montreal, RBC Royal Bank, Scotiabank, TD Canada Trust Branch Service Excellence: RBC Royal Bank, TD Canada Trust Online Banking Excellence: RBC Royal Bank, TD Canada Trust Keywords Banking industry,  Awards Share this article and your comments with peers on social media Megan Harman read more

Read More →

Hydro One IPO dominated market in 2015

first_img Canada’s IPO market topped $2B in 2018 Keywords Share offerings Tessie Sanci Diversity in offerings, exchanges highlights Canada’s Q3 IPO market TSX streamlines corporate takeovers The sale of Ontario’s public electricity utility accounts for the largest single initial public offering (IPO) of 2015 and more than doubled the value of new equity issued in the final quarter of last year compared to the same period in 2014, according to PricewaterhouseCoopers LLP’s (PwC) annual report on the Canadian equity market. The offering of Hydro One Ltd. on the Toronto Stock Exchange (TSX) generated $1.6 billion for the Ontario government. It was the only issue on the TSX in Q4 2015 and dwarfed the $810 million raised in the same quarter of 2014, the report states. “This is the second year in a row where a single blockbuster issue has dominated the market, suggesting that the size of the issue isn’t a limiting factor in the Canadian market,” says Dean Braunsteiner, national IPO leader at PwC in Canada, through a statement. “But equally important is what Hydro One portends for investors looking to get into the infrastructure arena and for governments selling premium assets.” There were a total of 22 new issues on all Canadian exchanges in 2015, which delivered $3.9 billion of new equity. This is an increase from the $3.4 billion in proceeds from 14 issues in 2014. Thirteen IPOs on the TSX accounted for the vast majority of the funds raised in 2015, according to the PwC survey. IPOs in 2015 were marked by a diversity of issuers from the retail and consumer sector, with three issues producing $200 million or more, and three IPOs from the technology industry. This points to maturing industries and demand from investors, says Braunsteiner. Also, the emergence of “special purpose” investment vehicles, which are pools of funds created to purchase operating companies using a private equity model, is another theme from 2015. “Two of the top five new issues of 2015 were from a brand new sector in Canada, special purpose investment companies,” says Braunsteiner, “and four of the 13 IPOs on the TSX were from that sector. For some time now, we’ve seen demand from retail investors to get into a business that had been the domain of private equity. Now they have a way.” Last year saw little contribution from the mining or oil and gas sectors with the issuing of only two IPOs from these industries. The report also provides some insight on what investors may see in 2016. This upcoming year may produce a boost in Canadian IPO activity from private health care companies, manufacturers and technology companies though Braunsteiner issues a note of caution regarding the latter possibility. “We know there’s an appetite for new tech issues and there are private technology companies looking at going public,” he explains, “but the strength of the U.S. dollar and the allure of [the] Nasdaq [stock exchange] will draw some Canadian companies there.” Braunsteiner also believes that the appeal of special purpose investment companies looking for under-valued corporations in a down market will continue as well as ongoing pressure on underwriters’ fees for big issues. PwC has conducted its survey of the IPO market in Canada for more than 10 years. The reports are issued on a quarterly basis and cover new issues from companies headquartered in Canada. They do not include IPOs on Canadian exchanges from companies not incorporated in Canada or on U.S. exchanges with secondary offerings in Canada. Share this article and your comments with peers on social media Related news Facebook LinkedIn Twitterlast_img read more

Read More →

WCM names winners of Return to Bay Street Award

first_img Keywords AwardsCompanies Women in Capital Markets Joseph Bakish named 2020 winner of IIAC Top Under 40 award Share this article and your comments with peers on social media IIAC introduces judges for Top Under 40 Award hyperspeed/123RF Frank Ryan wins 2020 Distinguished New Advisor Award Leah Golob Related news The award recipients this year have each won a minimum four-month contract with a participating firm. Recipients also receive a $5,000 educational grant, a one-day workshop to help prepare them for the industry, an interviewing skills workshop, a WCM mentor and a one-year WCM membership.The 2017 award recipients and their participating firms are:> Claire Blessing (RBC Capital Markets)> Kimberly Berman (BMO Capital Markets)> Christine Darling (Scotiabank Global Banking and Markets)> Lina Dihay (National Bank Financial Markets)> Hannah Green (TD Asset Management)> Carol Lee (BMO Capital Markets)> Amandeep Minhas (BMO Capital Markets)> Christine Sauriol (RBC Capital Markets)“We are proud to recognize these eight senior-level professional women who were chosen for the Return to Bay Street program this year,” says Jeannie Collins-Ardern, WCM’s interim CEO and president, in a statement.“These women are prime examples of experienced professionals who have made an immediate contribution to the firms they joined,” she adds. “As they are approaching the end of their contracts, we at WCM offer our congratulations to each of them and are excited to follow their careers and impact on the industry.”To date, 42 women have received the Return to Bay Street Award and a large majority of winners have turned their short contracts into permanent roles in the financial services sector, the organization says. FP Canada names Lifetime Achievement Award recipient Women in Capital Markets (WCM) has announced the eight winners of its annual WCM Return to Bay Street Award, now in its seventh consecutive year.The Toronto-based non-profit advocacy organization developed the award to help professional women with senior-level experience in the financial sector return to the industry after an extended leave. Facebook LinkedIn Twitterlast_img read more

Read More →

Calls for a new multi-level carpark in Five Dock

first_imgCalls for a new multi-level carpark in Five Dock City of Canada Bay Mayor Angelo Tsirekas has called for a new multi-level carpark in the Five Dock town centre to address parking capacity concerns.“Parking already is and will become more of a problem in Five Dock,” Mayor Tsirekas said.“With community and the local business chamber calling for increased parking capacity in Five Dock, we must make sure we are utilising our assets in the area to their potential. I believe there is an opportunity for Council-owned land to provide a far greater amenity to the surrounding precinct.”“In the short term, parking will be reduced with increased and relocated bus bay areas, the commencement of the Metro station works, and Sydney Metro West’s removal of Council’s Second Avenue Parking area.”“This reduction of parking will also affect residents in the surrounding streets who should not bear the burden of increased congestion.”“Long term, with the growth of the town centre and opening of the Metro, further parking will be needed to accommodate growth.”Council-owned car parking areas were identified as strategic opportunity sites in 2014 as part of the City of Canada Bay’s Urban Design Study for Five Dock.Following endorsement at its February Council meeting, the City of Canada Bay will now undertake preliminary investigations into the traffic impacts and feasibility of a fit for purpose multi-level above or below ground car park facility to be built on Council land.“I am calling for support from the State Government to also address this issue of parking in Five Dock and explore opportunities for partnership and funding with Council.”“We must prioritise this matter to ensure that today’s Five Dock Town Centre has the capacity to remain one of our area’s great thriving town centres, whilst also building capacity for Five Dock with an eye to the completion of the Sydney Metro West station.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:building, business, Canada, Canada Bay, car, community, council, Government, local council, study, Sydney, Sydney Metrolast_img read more

Read More →

British exporters, business leaders and trade professionals recognised in Birthday Honours List 2021

first_imgBritish exporters, business leaders and trade professionals recognised in Birthday Honours List 2021 Today, International Trade Secretary Liz Truss MP is congratulating UK exporters, business leaders and DIT staff who have been recognised with honours for their exceptional and outstanding service to international trade, investment, and exporting. The Birthday Honours List also recognises the work and dedication undertaken by those who worked during the pandemic to keep the country safe.Those honoured this time around represent a diverse range of businesses, from retail industry through to the creative industry and government support to sourcing medical equipment and negotiating trade agreements.International Trade Secretary Liz Truss said:I am delighted to congratulate our exporters for being acknowledged for their work in championing trade across the globe in this Birthday Honours List.I look forward to continuing to celebrate investors in the UK and those who export overseas, showcasing UK goods all around the world. It is a testament to the innovativeness and creativity of our UK businesses.Exporters and business leaders in the 2021 Birthday Honours list include:Andrew Jennings; Global Retail Advisor. (OBE)John Forkin; Managing Director- Marketing Derby. (MBE)Priya Guha; Venture Partner- Merian Ventures. (MBE)Paul Grover; Chair- Liverpool China Partnership. (MBE)Georgina Delaney; Founder- The Great Outdoor Gym Company. (MBE)Steven Mifsud, Director- Direct Access Consultancy Limited. (MBE)Staff from the Department for International Trade (DIT) in the 2021 Birthday Honours list include:Graham Zebedee; Continuity Negotiations and Development Director. (CMG)Jackie Hart; HR Deputy Director HR Business Partners. (OBE)Thomas Duke; Deputy HM Trade Commissioner, British Embassy Beijing. (OBE)Simon Hall; Lately Deputy Director, Transition Planning. (OBE)Richard Cowin; Head of Healthcare and Life Sciences, British Embassy Beijing. (MBE)Tiphaine Shah; Joint head of COVID-19 Medical Supplies Team. (MBE)Veronica Blackwood; Executive Assistant and Admin Team Support. (BEM)Recognised RecipientsExporters recognised in this list include Steven Mifsud. Being profoundly deaf since birth, Steven has helped many organisations in the UK to become more accessible for disabled people by providing access audits and disability consultancy. Steven helps service providers make significant but inexpensive changes to improve their accessibility. During the COVID-19 pandemic, he utilised his organisation’s international contacts to source vital personal protective equipment (PPE) supplies and deliver them to local authorities, care homes and disability charities.Steven Mifsud, Director- Direct Access Consultancy Limited, said:It is an absolute honour to be recognised for exporting British expertise in accessibility. Other countries often look to the UK with interest to understand how disabled people can be engaged and what is best practice in designing of buildings for access.Britain is truly Great, and we have expertise that the world can benefit from. I was born profoundly deaf so have faced many barriers throughout my life, this award means so much in terms of being able to demonstrate I can be successful in exporting and be recognised.I am hopeful that this MBE gives credence to the importance of international trade. Many disabled people do not get the opportunities they deserve, many give up at the earlier hurdles – I hope that this will not only encourage general businesses to export but also show disabled people that with hard work and taking the correct advice, the possibilities are there. Receiving this award from Her Majesty the Queen is truly the greatest honour of my life.Priya Guha is awarded an MBE for her services to International Trade and Women-led Innovation. Priya is a former Diplomat to a Venture Partner at Merian Ventures, a venture capital firm that invests in women-led innovation. Priya is an advocate, working to close the gender pay gap connecting her Silicon Valley and UK technology networks with the world. Through her leadership, Merian Ventures is one of the largest funds ($100 million) investing solely in women, investing at the earliest stages, and now has a portfolio of companies spanning a broad range of emerging technology. Priya was named 2019 Top 50 Most Influential Women in UK Tech and 2019 Top 5 Asian Investors in UK Tech.Priya Guha, Venture Partner- Merian Ventures, said:I was so thrilled to hear I’d received an MBE for my work supporting international trade and women in innovation. This unexpected recognition only reinforces my resolve to do what I can to help grow the UK economy through global trade in a way that realises the business and societal benefits of inclusive innovation.Georgina Alice Delaney is awarded an MBE for her services to international trade. Georgina founded The Great Outdoor Gym Company Ltd (TGO) in 2007, having spent her career working within the sports industry. With a turnover of £2.4m, 30% of which is from exports, she has driven TGO to become the world’s leading specialist in outdoor gyms, installing over 1,500 across the world in countries including India, USA, Singapore, Hong Kong, Australia, and across Europe. TGO has worked with some of the greatest names in the world; adidas, United Nations, Queen Elizabeth Olympic Park and COP22.Georgina Alice Delaney, founder- The Great Outdoor Gym Company, said:This is an incredible honour and I feel very proud to have received this recognition. I would like to thank the Department for International Trade. I am hugely committed to addressing both health and environmental issues and I am lucky to work with an enthusiastic team who share these values. I hope to inspire others to build more sustainable businesses, creating a healthy future for us all.Andrew Jennings is awarded an OBE for services to international trade, fashion and retail. Andrew is a well-respected British senior retail executive, global ambassador. He has worked in the international retail industry for 50 years at many high-end department stores in many countries, including Harrods, House of Fraser, Saks 5th Avenue, Karstadt and Holt Renfrew. He is passionate about promoting British brands and goods abroad, as well as promoting export opportunities available to new and exciting British designers and retailers abroad.Andrew Jennings, Global Retail Advisor, said:I am thrilled and honoured with this high-level recognition after a successful and enjoyable global retail career that has been a life’s work of pride and passion. This is the ‘cherry on the top of the cake’ and is hugely appreciated. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Asia, Australia, Beijing, Blackwood, China, Europe, Government, Hong Kong, India, Jennings, liverpool, planning, Singapore, U.S., UK, UK Government, United Nationslast_img read more

Read More →

Afternoon Brief, June 19

first_imgSubscribe to the Afternoon BriefAdvertisement Facebook Subscribe to the Afternoon Brief Twitter Share Trending Story:California Growers’ Strategies for Protecting Vineyards from FireWildfires in California aren’t new, but after back-to-back years of the most deadly and destructive fires in California’s history, it’s clear they’re increasing in both frequency and ferocity …Today’s News:Uncovering ‘Questionable’ Alcohol StudiesIn recent years several studies have claimed that consuming even modest amounts of alcohol is toxic to health. The drinks industry, however, has slated these studies as misleading and deceptive in their conclusions …ASEV’s Oak in Winemaking Symposium: How Oxygen Moves Through BarrelsThe American Society of Enology and Viticulture (ASEV) usually hosts a one-day, single-topic, research symposium on the day before their annual conference. This year the topic was Oak in Winemaking …Good for Washington, or a Traffic Problem?A proposed winery off East Cruger Road continues to be a topic of debate as it moves closer to fruition. After hearing Monday from speakers who support and oppose the winery, City Council members held a first reading of ordinances that allow …Suspected DUI Driver from Calistoga Crashes Pickup into Healdsburg Winery PropertyNapa County, Other California Cities Settle With PG&E Over WildfiresAmazon Wants to Get Your Booze Delivered ASAP in San FranciscoDrone-Mounted Thermal Cameras Used to Monitor Wine CellarsSpotted Lanternfly Found in York County Outside of Quarantine Zone: Now What?In Finger Lakes Vineyards, Climate Change Has Already ArrivedHow to Stop Sour Rot of GrapesProbe into Bordeaux Wine Labels Causes ConcernPrices for Top French Vineyards Rise Again in 2018What Makes a Good Bordeaux Vintage?Drink Up! These Are the 7 Most Sought After Black-Owned Wines in the WorldBlogs:Is the Clock Ticking Down on Cult Wines?5 Hot-Button Topics for the Wine Industry in 2019Toward Better Liquor Control in an Age of Wholesaler DominanceGetting the Most Out of Your EventsSome Countries’ Wine Is Not as Green as You ThinkWineIndustry.Jobs:ViticulturistThomas Fogarty Winery – Woodside, CA, USALuxury Wine Brand ManagerBOARS’ VIEW – Calistoga, CA, USARockstar Wine Club Manager Wanted!Adobe Road Winery – Petaluma, CA, USAMore Wine Industry Jobs…Feature Your Job Listing in the Afternoon BriefPeople:Meet the Tastemaker Who Expertly Pairs Cannabis with Food and WineThe Wines of Bret Urness at LevoTribute and Memories of Gerard Basset MW MS In the Buyer Last InterviewJelly Jar Wines Raises a Glass to New WinemakerFemale Disruptors: Alexis Beechen Has Shaken Up the Wine Industry with Wine in a CanSupplier News:Why IBWSS San Francisco Is a Must Attend Event?Maverick Now Offers Vertical Removal Feature!Reduce Cost Per Gallon – Air Mixing Red Ferments & Fast Year-Round Tank Mixing – Pulsair SystemsBPM Named “Best CPA Firm for Women” for Fifth Consecutive YearMore Supplier News…Vineyard & Winery:Trinchero Family Estates Launches Vermouth Line, Trincheri Vermouth in Light of National Martini DayVilla Maria Becomes the Official Wine Partner of Cirque du Soleil Touring Shows in the USAKelowna Winery First One in Canada to Be B Corp. CertifiedThree Meadows Spirits Peony Vodka – Now Distributed in New York Through Gasko & MeyerWelcome Back to Paradise Hard Hat Tour Home Afternoon Brief Afternoon Brief, June 19Afternoon BriefAfternoon Brief, June 19By Editor – June 19, 2019 220 0 TAGSAdobe Road WineryAlexis BeechenAmazonASEVAstra Digital MarketingBoars ViewBPM LLPBret UrnessFinger Lakes VineyardFranceGerard BassetIBWSS San FranciscoJelly Jar WinesKelowna WineryLevoMaverick EnterprisesParadise WineryPulsair SystemsThomas Fogarty WineryThree Meadows SpiritsTrinchero Family EstatesVilla MarieWashtingonWOSA Sommelier CupWright Contracting center_img ReddIt Previous articleWinners Are Announced for the 12th Annual International Women’s Wine CompetitionNext articleNew Consumer Research Presented at First U.S. Sustainable Winegrowing Summit Shows Strong Interest in Sustainable Wine Editor Pinterest Linkedin Advertisement Emaillast_img read more

Read More →

Gov’t Reducing Role in Cocoa Sector

first_imgRelatedGov’t Reducing Role in Cocoa Sector RelatedGov’t Reducing Role in Cocoa Sector By Glenis Rose, JIS Reporter FacebookTwitterWhatsAppEmail MONTEGO BAY — Minister of Industry, Investment and Commerce, Dr. Christopher Tufton, has announced that divestment of the commercial aspects of the Cocoa Industry Board is well underway. Dr. Tufton said that the divestment was essential for the success of the industry, and for the benefit of small rural farmers and the Jamaican economy. “Cocoa, like coffee, is a pervasive ingredient in the economy, food chain and lifestyle of western countries, and is moving eastwards.  In recent years, we have also witnessed the rapid growth in demand for these food products in eastern countries, such as China and India,” Dr. Tufton added. He was delivering the main address on day two of the 2nd Caribbean Fine Cocoa Conference and Chocolate Expo, at the Ritz Carlton Golf and Spa, Rose Hall, Montego Bay on Friday September 16.  He pointed out that the cocoa sector offered exciting prospects for industry, investment and commerce, and that he was pleased to see among the exhibitors, several entrepreneurs who have taken the industrial and commercial initiatives to produce a variety of food and drink items. “The world market for cocoa beans is approximately 3.5 million metric tones, valued at approximately $10.5 billion. Fine and flavoured cocoa, which commands a premium price of more than 25 per cent over the price of bulk cocoa beans, is 5-8 per cent of this market in metric tonnes,” Dr. Tufton said. He noted that it is estimated that Jamaica could sell 1,500 metric tonnes of Fine and Flavoured beans. ‘There is therefore massive scope for output increases … and also vast implications for job growth.  Jamaica currently has approximately 6,000 cocoa farmers, compared to the 1960s and 70s when we had nearly 11,000 farmers,” the Minister observed. Dr. Tufton also noted that, with about three million tourists coming to Jamaica each year and over 12 million visitors to the Caribbean, annually, there was a ready-made market for chocolate products  “right on our doorstep”. “The quality raw material inputs, the processing know-how, the entrepreneurs, the end products on display, indicate a promising future for cocoa and all the products that can be derived from it,” the Minister stated. “I urge the Cocoa Industry Board to partner with existing research facilities, to identify new products, build the business profile and sell these to investors,” Dr. Tufton concluded. Gov’t Reducing Role in Cocoa Sector AgricultureSeptember 19, 2011 RelatedGov’t Reducing Role in Cocoa Sector Advertisementslast_img read more

Read More →

House Passes Charities Act

first_imgRelatedContractor General Report on Spalding Market Tabled in the House A Bill to introduce a single piece of legislation to regulate all charitable organisations, whether intending to, or already operating in the country, was passed in the House of Representatives on Tuesday, October 29.The Charities Act 2013 is a key part of the Extended Fund Facility between Jamaica and the International Monetary Fund (IMF).It makes provision for the establishment of a comprehensive legal and institutional framework and will facilitate the registration, regulation, administration and governance of the private voluntary sector operating in Jamaica.In his contribution, Minister without Portfolio in the Ministry of Finance and Planning, Hon. Horace Dalley, noted that the Charities Act is designed to maintain, protect and enhance public trust and confidence in charitable organisations.“We, in the Ministry, understand how difficult it is with the many requests that come in each day/week for discretionary relief for charitable purposes,” Mr. Dalley said.For the 2010/11 financial year, the Government granted waivers to charitable organisations amounting to $4 billion, while the sum for 2011/12 was $2 billion.The Charities Bill provides a definition for charitable organisations and the designation of the registrar of charitable organisations by the responsible Minister, which will keep and maintain a register of all registered charitable organisations. It also stipulates the designation of a person or body as the Charities Authority.Among the functions of the Authority are: to receive, process and determine applications for registration under the Act; make appropriate information available to assist persons to make applications for registration under the Act; monitor and promote compliance with the Act and any regulations; and to ensure that registered charitable organisations are not misused for criminal purpose or controlled by persons engaged in criminal activities.In closing the debate, Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, expressed his appreciation for the contributions made to the Bill.The legislation was passed with three amendments and will be sent to the Senate for its approval. Story HighlightsA Bill to introduce a single piece of legislation to regulate all charitable organisations.The Charities Act 2013 is a key part of the Extended Fund Facility between Jamaica and the IMF.It makes provision for the establishment of a comprehensive legal and institutional framework and will facilitate the registration. House Passes Charities Act ParliamentOctober 31, 2013Written by: Latonya Linton RelatedWork to Expand Kingston Terminal on Stream Advertisementscenter_img FacebookTwitterWhatsAppEmail House Passes Charities ActJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay Photo: JIS PhotographerMinister of Finance and Planning, Dr. the Hon. Peter Phillips addresses parliament on October 29. RelatedGov’t Reviews Draft Action Plan to Eliminate Gender-Based Violencelast_img read more

Read More →