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  • UK roundup: ITV in discussions over contingent asset deal

    first_imgITV is in discussions with its pension scheme trustees over the potential sale of London Television Centre, which was pledged to the scheme as a contingent asset in 2014.In a third-quarter trading statement published yesterday, the UK broadcaster said it was negotiating with trustees of the £3.9bn (€4.5bn) scheme regarding the provision of a “suitable equivalent asset”.“The proceeds of the sale of the South Bank site could be used to replace the £50m asset security and to reduce ITV’s net debt position,” the company stated.ITV also reported a net surplus of £9m for its defined benefit (DB) arrangements as of 30 September. This marked a £77m fall in the surplus from the end of June. BNY Mellon has secured its position as custodian for RPMI Railpen, one of the largest pension funds in the UK.It was reappointed after a competitive tendering process, according to a press release. It has been a provider to the £28bn multi-employer scheme for 22 years.Paul Nathan, chief operating officer at RPMI Railpen, said: “Through a major transformation programme at Railpen, as we bring significant asset management capability in-house, BNY Mellon has demonstrated not only the quality of its service proposition but also its flexibility and professionalism.“A robust operating model is essential to ensuring that Railpen continues to meet its mission to pay pensions, securely, affordably and sustainably. We are very pleased BNY Mellon will be supporting us with this over the coming years.” The company’s contribution schedule was agreed based on a 1 January 2017 valuation, when the scheme had a £470m shortfall. As such, ITV said it expected to contribute roughly £80m to the pension scheme this year and £75m next year.DB consolidator appoints service providers ahead of launchClara Pensions, a commercially backed consolidator for UK DB pension schemes, has appointed several third-party service providers as it prepares to reveal its first clients.Consultancy group Hymans Robertson has been appointed as the company’s actuarial adviser, having been advising the Clara team on several areas since the beginning of 2018.Eversheds Sutherland has been chosen as legal adviser to the company’s independent trustees, while CMS will continue as Clara Pensions’ legal adviser, a role it has had since last year. Ross Corporate Services, a London-based governance specialist, has been named as scheme secretary.RPMI Railpen reappoints BNY Mellon as custodianlast_img read more

  • South Florida Baker Wins 10K in Christmas Cookie Challenge

    first_imgA Florida native is getting national recognition for her baking skills, especially Christmas cookies. Stephanie Torres, this week, won The Food Network’s ‘Christmas Cookie Challenge,’ which comes with a $10-thousand prize. Stephanie Bruce-Torres and host Eddie Jackson during the first challenge, as seen on Christmas Cookie ChallengeThe challenges Torres and the other bakers faced included turning cookies into Christmas cards and tree toppers.She says the experience was surreal, and she thanks her family and friends for encouraging her to go for it. Torres graduated from Pensacola’s Tate High School in 2009, and she now has her own business in South Florida. According to her website, Torres was a culinary specialist in the U.S. Coast Guard for six years.She left the service when her daughter was born and now runs the Little Love Cookie Company, currently based in Hialeah, Florida.Her husband is still active duty. One cookie pictured on her website includes the message “Home is where the Coast Guard sends us.”last_img read more

  • O’Brien well represented at Killarney festival

    first_imgThe Listed Irish Stallion Farms EBF Cairn Rouge Stakes is the feature race and has attracted a 13-strong field. Tipperary’s Aidan O’Brien is represented by both Californiadreaming and Earring.That goes to post at 6:50pm.last_img

  • Trae Young wins point guard battle as Hawks topple Thunder

    first_imgLATEST STORIES “Tonight the shots just kept falling,” said Young, who had four 3-pointers. “When you see the ball go in like we did tonight, I think it just keeps rolling.”Schroder scored 21 points, including 14 in the third quarter. He had the Thunder’s final 11 points of the period, the last six on free throws, for a 100-97 lead.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissYoung answered with 13 points in the final period as the Hawks enjoyed their second 45-point quarter of the game. The Hawks outscored Oklahoma City 45-30 in the second period and 45-26 in the closing period.The win was especially sweet for Young, the former star for his home-state Oklahoma Sooners. Ginebra beats Meralco again to capture PBA Governors’ Cup title That wasn’t enough scoring to match the Hawks, who made 18 of 37 3-pointers. Atlanta set a season scoring high.Oklahoma City coach Billy Donovan said his team didn’t play winning defense.“What did we score tonight, 126 points?” Donovan asked. “That should be good enough for us to win.”John Collins made 12 of 14 shots from the field and led Atlanta with 26 points. Alex Len had 24 points and 11 rebounds. The Hawks were 18 of 37 on 3-pointers.Young opened the final period with a tying 3-pointer. He added a three-point play and another basket as the Hawks regained momentum. A jam by Omari Spellman pushed Atlanta’s lead to 117-107, and another dunk by Spellman pushed the advantage to 121-109.A steal and reverse jam by DeAndre Bembry iced the win.TIP-INSThunder: F Nerlens Noel (concussion protocol) “is doing a little more each day,” Donovan said before the game. … G Alex Abrines (personal reasons) missed his eighth straight game.Hawks: G Jeremy Lin (flu-like symptoms) was not with the team. F Taurean Prince was limited in his second game back while recovering from similar symptoms. … G Kent Bazemore (right ankle sprain) and F Dewayne Dedmon (left ankle sprain) did not play. Dedmon may return Saturday against Boston.MORE BLUE TO COME “It feels good,” Young said. “… To get a win against one of the top teams in the league is pretty special for us.”The Thunder are third in the West but have lost three of four. The Hawks have won eight of their last 15 but still rank ahead of only three teams in the Eastern Conference.Paul George said the Thunder were “a little flat.”“These are the games that we have to be ready for, one of those games that we were supposed to roll and that didn’t happen tonight,” George said. “When you play a team like the Hawks, you have to match their energy and we didn’t do that tonight.”Russell Westbrook led Oklahoma City with 31 points and 11 assists. George had 24 points and Jerami Grant added 21.ADVERTISEMENT The Hawks wore new powder blue uniforms with red trim and numbers for the first time. It won’t be the last.“I told our equipment guy, Zac (Walsh) that we have to play in those uniforms for the rest of the month,” said Hawks coach Lloyd Pierce.The uniforms were introduced as part of the Hawks’ 50-year celebration in Atlanta.HOMECOMINGSchroder was happy to be traded to a contender but said his time with the Hawks “was special.”The Hawks had a “welcome back” video tribute for Schroder during a first-quarter timeout. Schroder raised his arm to acknowledge the fans. “I appreciated it a lot,” he said.UP NEXTThunder: Host Lakers on Thursday.Hawks: Host Celtics on Saturday. Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. Atlanta Hawks guard Trae Young (11) drives to the basket past Oklahoma City Thunder guard Dennis Schroder, right, during the first half of an NBA basketball game on Tuesday, Jan. 15, 2019, at State Farm Arena in Atlanta. (Curtis Compton/Atlanta Journal-Constitution via AP)ATLANTA — Just when it seemed Dennis Schroder would enjoy a triumphant return to Atlanta, his successor as the Hawks’ starting point guard had a winning answer.Trae Young had 24 points and 11 assists to win the showdown of current and past Atlanta point guards, leading the Hawks over the Oklahoma City Thunder 142-126 on Tuesday night.ADVERTISEMENT Philippine Army to acquire MANPADS, self-propelled howitzers 76ers unleash 81-point first half to rout Timberwolves In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ MOST READ Japeth Aguilar wins 1st PBA Finals MVP award for Ginebra In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Nadine Lustre’s phone stolen in Brazil Tom Brady most dominant player in AFC championship history Ginebra beats Meralco again to capture PBA Governors’ Cup title Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award View commentslast_img read more