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  • Northern star Hancock quits McCabe’s Scarborough

    first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

  • Heineken beer sales slide amid lockdowns, worse to come

    first_imgTopics : Bonuses in 2020 for senior managers would be cancelled, it said.Heineken added it would pay its planned final dividend for 2019, but would not provide an interim dividend after its half-year results in August. Last year, it gave an interim payment of 0.64 euros per share.Its annual results would be hit by lower volumes and other effects, including increased credit losses from customers, issues of small suppliers and impairments and the devaluation of emerging market currencies versus the dollar and euro.Heineken’s major markets are Brazil, Mexico and Vietnam and is also the largest brewer in Europe.Heineken said it had reduced discretionary spending by suspending corporate events and hiring and pausing or scaling down projects and technology upgrades.With bars closed, Heineken said its business focus was on replenishing store shelves and aiding store deliveries. It was also pushing e-commerce beer sales.Danish rival Carlsberg said earlier this month it was expanding cost-cutting as consumers in Europe opted more for less pricy multi-packs of mainstream lagers than craft or specialty beers. Beer volumes fell 2.1% in the quarter while overall volumes, including cider and soft drinks, fell 3.9%, confirming guidance given two weeks ago.The second quarter would be worse, Heineken said, with an impact also in the second half of the year as lockdowns may be lifted but the impact on the economy endured.The company said the lack of clarity on the impact of COVID-19 meant the company has withdrawn all guidance for 2020.Bosses’bonuses canned center_img Heineken, the world’s second-largest brewer, reported a 14% slide in beer sales in March, with sharp declines in all regions as the COVID-19 pandemic closed pubs and restaurants across the globe.In some countries, such as South Africa, the Dutch brewer was forced to shut down production. In France, Italy and Spain, increased beer sales in stores failed to compensate for the collapse of bar trade.The maker of Heineken, Tiger and Sol beers, and Strongbow cider, said first-quarter net profit fell by 68% to 94 million euros ($102.1 million), the company said on Wednesday.last_img read more

  • How many properties does it take to retire comfortably?

    first_imgProperty investment expert and author, Margaret Lomas. Picture: Sam MooyWHEN it comes to real estate investors, those with multi-property portfolios aren’t that common, but it’s just as important to know when to stop as when to start. According to CoreLogic analysis of ATO and ABS data, just over two million Australians held an interest in an investment property in 2015.Of that two million, 71.6 per cent had just one property, while just 18 per cent held two.From there the numbers continued to drop dramatically to the point where investors with six or more totalled a minuscule 0.9 per cent of the investor population — or just over 19,000 people. Investing is a long-term strategy according to Ms LomasBut those 19,000 Australian are onto something according to Destiny founder, Margaret Lomas — as long as they know when to stop.According to Ms Lomas, a portfolio of seven properties is enough to provide a comfortable retirement.“It’s really a value more than a number, but because people like numbers, I always think seven is about it — but we’ve got to understand how that seven then rolls out over a lifetime,” Ms Lomas said.Ms Lomas said if you have the means to buy seven properties in one go, then good on you, but the vast majority of investors need long-term plans. Seven is the magic number.“If you’re like the normal, everyday person, you’re going to start with one and it’s going to take you a couple of years before you’re ready to buy a second,” Ms Lomas said.“They might reach the fourth year with three (properties) and then by the time they get to year five and six, they’re at that point where they probably can buy two at once, and they’ve got more of an appetite for risk,” she said.“To have a $100,000-a-year lifestyle, your need to have a clear (debt free) $2 million worth of property. If you’ve bought seven and you’ve given those 15 years (growth), there’s a chance you’re going to get there, but I don’t want people thinking they’re going to make millions and millions out of property very quickly, because it doesn’t happen that way,” she said.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour agoRisk management is important.Ms Lomas said investors are sold the mindset to own more than this by ‘advisers’ with vested interests.“I blame the spruikers for that because obviously it’s in a spruiker’s best interest to have a client come on board and buy as many properties as they possibly can, and we all know a spruiker will make their money out of a property sale,” Ms Lomas said.“For every sale that goes through, they’re probably in for (commissions of) anything between $20,000 to $40,000, and the more they can get a particular client to buy, the more that client is worth to them over their lifetime,” she said. GROWTH OR CASH FLOW? Find growth-driver locations and then look for the right propertyMs Lomas said forget about the capital growth vs. cash flow debate when selecting an investment, because you can have both.She said look for areas with price-growth drivers like infrastructure development, increasing numbers of families, diversity of industry for jobs and limited development to keep supply down.“Your aim as an investor is to spot growth drivers. Once you’ve done that, you’ve got to find the kind of property in that area that’s going to appeal to both buyers and renters,” she said.Ms Lomas said over the long-term, the right properties will see good growth and achieve a comfortable five per cent yield to help service the debt. GOT THEM! NOW WHAT? What next? is often the question. Picture: AAP/Ashley FederMs Lomas said once you’ve acquired the investments, hold off on action for as long as possible.She said smart investors will even use their superannuation first in retirement so the portfolio has more time to rise in both rent and value.“When you get to the point where your superannuation is starting to wear a little thin, then your property should be good to go,” she said.Ms Lomas said, depending on circumstances, you can either live off your portfolio’s positive rental income, or choose to sell down some holdings to reduce the debt on others which boosts your total returns.“The longer you can keep them past that retirement phase and use other sources of income, the better because if you can even add five years to the 15 years you’ve already waited, that five years will make a big difference,” she said.Follow Kieran Clair on Twitter at @kieranclair or Facebook at Kieran Clair — journolast_img read more

  • Finnish roundup: Veritas merges with Pensions-Alandia

    first_imgRegulatory pressure has forced the small Finnish pension fund Pensions-Alandia to merge with larger player Veritas.Pensions-Alandia chief executive Åsa Ceder said it had become “virtually impossible” for his firm to develop its service since 2016.“Changes to the regulations made it virtually impossible for a small company like Pensions-Alandia with five employees to keep up with developments,” he said.The two pension providers have signed a letter of intent about their link-up plans. Veritas already has a 10% stake in Pensions-Alandia, which is mostly owned by Alandia Insurance and operates in the Swedish-speaking Ålandia islands, situated in the Gulf of Bothnia.The two pension companies have had a co-insurance agreement since 1961.Veritas said the merger would save just under €1m in annual administration costs.Carl Pettersson, Veritas chief executive, said the upcoming merger was good news for its customers and would strengthen its position as the fourth option on the market.“The improved cost-effectiveness will have a positive impact on our customer benefits,” he said. “At the same time, it gives us opportunities to further develop our service.”Veritas would still be the smallest pensions insurance company, but financially very strong, Pettersson added.“Small and medium-sized companies have needs that differ from the big ones, and they need a smaller pension company that can meet them,” he said.The joint business will continue under the Veritas brand, and be based in Turku.If the link-up is approved by both companies’ boards, general meetings and by the authorities, Pension-Alandia customers will become Veritas customers on 1 January 2019.At the end of 2016 – the latest annual report available on its website – Pensions-Alandia had €275.6m of total assets, while Veritas had €3.2bn of investment assets at the end of 2017.AI technology ‘can predict ill-health retirement’Machine learning tests carried out by the Finnish Centre for Pensions have shown that technology can predict (to some extent) which individuals will take early retirement on health grounds.The artificial intelligence (AI) application could be used identify groups of people at risk of ending their working lives early due to ill health and to plan preventative measures, according to the Finnish Centre for Pensions – the statutory central body of Finland’s earnings-related pension scheme.In tests, the technology managed to identify four out of five retirees taking a disability pension two years before they had actually done so, the centre said.Mikko Kautto, director at the organisation, said: “Once it gets easier to combine more extensive datasets, AI will offer improved tools to help identify risk groups and plan preventive methods.”Jarno Varis, mathematician at the the Finnish Centre for Pensions, said that four out of five was a very encouraging result.“It is very likely that the accuracy would be improved by adding more social and health data to the algorithm,” he said.The sample consisted of the centre’s anonymous register data for 500,000 people.By comparing the data for the people who had retired on a disability pension and those who had not, the algorithm learned to identify the variables that predicted a disability pension, it said.Factors such as repeated sickness benefits and rehabilitation allowances, as well as a reduced earned income were most successful indicators of a forthcoming disability, the centre said.“A low educational level, unemployment and being unmarried also contributed to the likelihood of retirement on a disability pension,” Varis said, adding that the factors identified by AI corresponded to the results of previous research.The research project was carried out in cooperation with Ilkka Huopaniemi of Siili Solutions, with all information processing done on the centre’s own platform.last_img read more

  • GDC Chamber postponing two March events

    first_imgGreensburg, IN—The Greensburg/Decatur County Chamber of Commerce and Decatur County Farm Bureau Inc. is postponing the Future in Farming Ag Breakfast. The Chamber is also postponing the Starting or Expanding Your Business Event due to the current state of public health concerns. New dates will be released in the future.last_img

  • Asian Games Manjit Singh wants TOP Scheme inclusion after Asiad gold

    first_img For all the Latest Sports News News, Asian Games News, Download News Nation Android and iOS Mobile Apps. New Delhi: Asian Games gold medallist Manjit Singh, who doesn’t have a regular job, on Tuesday requested the sports ministry to include him in the Target Olympic Podium Scheme to prepare for the upcoming big events like the 2020 Tokyo Games.Manjit, who won a gold in the men’s 800m race in the Asian Games, was left without a job in March 2016 after the ONGC refused to extend his contract as he was not producing results.Also Read | Asian Games 2018, Day-10: Manjit Singh wins GOLD medal in 800 metres finals; Jinson Johnson wins silverDespite the odds, he continued training under army coach Amrish Kumar before getting a National Camp call-up.“I lost my job in March 2016 as the ONGC refused to renew my contract. They said I was not producing results. I was getting stipends earlier,” he said.“But now I have won a gold in Asian Games. I hope the sports ministry will take notice of my achievement and the hardships I am facing. I don’t have any sponsor or any company giving me assistance. I am hoping that the Sports Ministry will include me in the TOP Scheme so that I can continue training,” Manjit told PTI during an interaction.The international season is over now and Manjit said next year will be crucial for him as the Asian Championships and World Championships are lined up.“I want to do well in both the Asian Championships and World Championships next year. After that is the 2020 Olympics but for that I need financial assistance for training. I hope the sports ministry will help me out,” he added.The 29-year-old Manjit, a native of village Ujhana in Jind district of Haryana, said he was on the verge of quitting the sport when the ONGC refused to renew his contract two years back.“I was feeling very low and I did not know what to do. I am from a farmer’s family and my family cannot afford to send big amount of money for my training. But somehow I continued with help from my coach Amrish Kumar,” he said.“I briefly thought I would quit athletics but my father (a former state level shot putter) said I should continue and so I continued with the meagre income from my family.”Also Read | Lalremsiami: Meet Mizoram’s first Asiad medallistManjit earned a spot in the Indian athletics team for the 2010 Commonwealth Games but failed to qualify for the final round. He finished fourth in the Asian Championships in Pune in 2013 and won a silver medal in the Federation Cup in 2014.His first and last gold medal until the recent win came in 2013 and he admitted that he mostly finished second in Nationals. He was not selected for the CWG and Asian Games in 2014.In 2015, Manjit moved to Bareilly and trained under Amrish Kumar, a former Army man who trained athletes at Jat Regiment Centre.He approached the trainer after 2014 Asian Games bronze medallist Naveen Kumar told him about the training. Manjit then won a silver in the Federation Cup in 2015.“It has been more than 10 years I began my career and I have faced a lot of disappointments in my career. But I did not lose hope and I knew I can do something big,” said Manjit who began competing in the national circuit in 2008.Also Read | No Messi as Ronaldo, Salah and Modric nominated for The Best awardAsked about the 800m final he ran in Jakarta, he said, “My tactics was to run along with the leading pack and then take a chance in the final stretch. I was determined to do something.“Thank God, it was according to the script I had worked out. I had enough energy to make the final kick and overtake those who were ahead of me.” last_img read more

  • USC hopes to prove win is indicative of the future

    first_imgUSC looks to ride the momentum from Tuesday night’s come-from-behind victory against UC Santa Barbara into its Pac-10 series with Oregon this weekend in Eugene, Ore.Struggling · Sophomore starter Ben Mount (3-3, 3.77 ERA) has not recorded a victory since his April 2 start against Oregon State. – Avi Kushlan | Daily Trojan The Trojans will be trying to notch their first conference series win of the season against the No. 18 Ducks (25-12, 6-6).Trailing 8-0 late in Tuesday’s matchup at Dedeaux Field, USC (16-20, 2-10) scored two times in the seventh, twice in the eighth and four more times in the bottom of the ninth to steal a victory against UCSB. Senior outfielder Mike O’Neill scored the game-winning run on a wild pitch to seal the deal for USC, which had lost six contests in a row.Oregon is also riding high after taking two of three last weekend against then-No. 1 UCLA. The Ducks won the first two games of the series before dropping last Sunday’s finale, 5-1. Oregon also defeated Gonzaga twice this week in non-conference action and has won seven of its last 10 games.USC coach Chad Kreuter will send out sophomore starter Andrew Triggs tonight at 7 p.m. in the series opener. The right-hander (1-6, 4.14 ERA) has not earned a win since his first start of the season. In his last outing against Arizona State, Triggs went five innings, allowing five runs (two earned) on four hits. He struck out five.Triggs’ counterpart will be Oregon sophomore Tyler Anderson. The Ducks’ left-hander is 5-3 with a 2.63 ERA this season. He’s racked up 55 strikeouts in 54 and two-third innings pitched. In his last start against UCLA, Anderson allowed four runs on five hits in four and two-third innings in the Ducks’ 5-4 victory against UCLA.Trojans’ sophomore Ben Mount will take the ball in Saturday’s 5 p.m. matchup. In 10 games this season (eight starts), Mount is 3-3 with a 3.77 ERA and 40 strikeouts. Opposing Mount will be Oregon’s Justin LaTempa. The right-hander is 3-2 with a 3.35 ERA and 34 strikeouts.Sunday’s 12 p.m. series finale will square Oregon’s Alex Kuedell (4-4, 3-20) against USC. Kreuter has yet to decide a starter for the game, but his decision will mostly likely come down to senior Kevin Couture (2-1, 6.75) or sophomore Chad Smith (4-5, 4.46).The Ducks are batting .276 on the season with a staff ERA of 2.92, while the Trojans’ hitters have tallied a .285 batting average and their pitching has compiled a 4.79 ERA.Catcher Eddie Rodriguez has been the Ducks’ leader on offense so far this season. He tops the team with a .331 batting average, .424 slugging percentage and .398 on-base percentage. He has hit two home runs to go along with 24 RBI.USC leads the all-time series against Oregon, 19-2, and it swept the Ducks last season at Dedeaux Field. Tonight’s game will mark the first time USC baseball has played in Eugene since 1969.last_img read more

  • No. 10 Syracuse falls at Penn, 3-2, without All-American back Lagerweij

    first_img Facebook Twitter Google+ Published on October 22, 2017 at 3:20 pm Contact Billy: wmheyen@syr.edu | @Wheyen3 Carolin Hoffmann scored four minutes into the second half on Sunday to give Syracuse a one-goal lead. But just two minutes later, Penn’s Gina Guccione scored her second goal of the game to tie it up. And Alexa Hoover scored for the Quakers with seven minutes left to complete the comeback win.No. 10 Syracuse (11-5, 2-4 Atlantic Coast) went on its last road trip of the regular season and lost 3-2 at Penn (8-6, 3-2 Ivy) on Sunday afternoon. The last time SU gave up three goals in a game was Sept. 23 in its overtime loss to North Carolina. It was the first game all season in which Syracuse gave up three goals in regulation. The Orange was without All-American back Lies Lagerweij due to injury.The scoring opened just over three minutes into the match when Guccione scored her fifth goal of the season after deflecting Hoover’s pass into the goal. Syracuse knotted the game at 1 after 23 minutes when Roos Weers scored her sixth goal of the season. It came off a corner inserted by Laura Hurff and tapped by Claire Webb before Weers finished past Penn’s Ava Rosati.After the half, Hoffmann scored her sixth goal of the season but the deficit was made up and then passed by Penn’s two leading point-scorers, Guccione with her sixth goal of the season and Hoover with her ninth.Syracuse’s Borg van der Velde saved five Penn shots, including a penalty stroke from Hoover while the Quakers were already leading 1-0. The save allowed Weers’ goal to tie the game just four minutes later but her performance would not be enough to keep the Orange on top.AdvertisementThis is placeholder textWith no time remaining, Syracuse had one more chance to tie the game on a penalty corner, but Rosati denied Weers and the game was over.Syracuse plays its final regular season game at home next Saturday against Pacific, who it beat in August 3-0. Commentslast_img read more

  • Women’s basketball falls short in Washington road trip

    first_imgThis past weekend proved to be a difficult one for the Women of Troy, as the women’s basketball team traveled to the state of Washington only to drop two straight to Washington and Washington State. USC now stands at 10-5 with a subpar 1-3 record in conference play. “You never want to start conference this way,” senior guard Courtney Jaco said. “We wish we could have gotten a couple more wins, but we’re growing everyday and learning a little bit about ourselves.” USC’s road trip began on Friday in Seattle against No. 11 Washington. Despite an excellent performance from freshman guard Minyon Moore (18 points) and a major fourth quarter comeback spurred by Jaco (16 second-half points), the Huskies ultimately prevailed 77-67. Washington rode on the back of senior guard Kelsey Plum, a San Diego native, whose 34 points, five assists and five rebounds were instrumental in the team’s success. The 15-2 Huskies led for the entirety of the game. The Women of Troy searched for a more successful outing on Sunday, as they faced off against 8-8 Washington State in Pullman. Instead, they experienced a starkly uneven performance. Ending the first half with a 35-34 lead, USC scored just 22 second half points and went as long as four and a half minutes without scoring in the third quarter. The Cougars capitalized on USC’s offensive ineptitude on their way to a 74-57 win.“I just think we weren’t moving the ball well and sharing the ball like we were in the first half,” Jaco said, explaining her team’s second half struggles. “We found Kristen [Simon] a lot down low, and I think we got away from that coming out for the second half.” For standout junior forward Simon, it was a bittersweet game. On one hand, her team ended up with a dispiriting 17-point loss to a mid-tier conference foe. On the other, she set a new career high in points (25) to go along with nine rebounds, all while being hobbled with a recent ankle injury. “[Simon] was our motor the whole game,” Jaco said. “If it wasn’t for her, I don’t really know what we would have done. Honestly it was surprising because she sprained her ankle really badly on Friday so we didn’t know whether she was going to play or not. She came out and gave that performance and gave that fight and kind of inspired us.” USC was unable to find any consistent offense outside of Simon. No other starter scored more than 3 points, and overall, the junior accounted for more than 40 percent of her team’s total scoring output. One positive, however, was Ivana Jakubcova, the 6-foot-6 transfer from Kentucky who showed off her range with two late 3-pointers. She finished with a second-best nine points. The Women of Troy will have a few days to try to correct some of the offensive issues that plagued them over the weekend. This week, they host a dangerous Oregon team (11-5) on Friday and then No. 16 Oregon State on Sunday. The Beavers are undefeated so far in conference play and sit at 15-1 overall. “Hopeful,” Jaco said, describing the team’s mood after losing three straight conference games. “We’re still in the beginning of Pac-12 [play], so thankfully we have a lot more games to a go — a lot more basketball to be played. We’re just looking forward to the next opportunity.”last_img read more

  • Ryan not planning on testing younger players

    first_imgAlthough a number of inexperienced inter-county performers were tried out in the recent challenge matches the Tipp boss is planning to stick with more familiar faces for the five, and possibly more, games in the competition.The Premier County’s first opponents are Dublin, who come to Semple Stadium on February 13th.Michael says that while it’s important to see what talent he has coming through other things have to be taken into account too.last_img