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Government is likely to stagger bank stake sales

first_img THE government is likely to sell its stakes in state-backed banks Lloyds Banking Group and Royal Bank of Scotland in several tranches, a senior Treasury civil servant said.“As and when these shares are sold into the market, just the sheer scale of the holdings will make this, I think, the biggest UK share sale ever,” Nicholas Macpherson, permanent secretary to the Treasury, told a parliamentary committee yesterday.“I do not want to prejudge the future, but my guess is you would do it in a series of tranches and you would be very much trying to test the market,” he said.Asked about bonuses some RBS staff were likely to receive, Treasury official Tom Scholar said it was necessary to pay market rates to keep skilled staff and, ultimately, secure a decent return for taxpayers.“Maintaining shareholder value is critical to getting value for money for the taxpayer,” Scholar said.“If we want to sell our shareholding and make a decent return on it, we need top quality management… because of the market in which these people operate, I am afraid we have to pay them more than the Prime Minister’s salary.” Tags: NULL Tuesday 8 February 2011 9:17 pm Show Comments ▼ whatsapp KCS-content Sharecenter_img whatsapp More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Government is likely to stagger bank stake sales last_img read more

Novartis second offer for Genoptix

first_img Share Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp Monday 28 February 2011 7:29 pm KCS-content center_img Novartis said yesterday it would begin a second offer period for shares in US cancer diagnostics company Genoptix after securing acceptances for 80 per cent in the initial offer. The holders of shares tendered in the second period, which closes on 4 March, will be paid $25 per share, the same amount offered in the initial offer period, the Swiss drugmaker said. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp Novartis second offer for Genoptix Tags: NULLlast_img read more

Development Finance Company of Uganda Limited (DFCU.ug) HY2020 Interim Report

first_imgDevelopment Finance Company of Uganda Limited (DFCU.ug) listed on the Uganda Securities Exchange under the Banking sector has released it’s 2020 interim results for the half year.For more information about Development Finance Company of Uganda Limited (DFCU.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the Development Finance Company of Uganda Limited (DFCU.ug) company page on AfricanFinancials.Document: Development Finance Company of Uganda Limited (DFCU.ug)  2020 interim results for the half year.Company ProfileDevelopment Finance Company of Uganda is a commercial bank offering products and services for the retail, commercial and corporate banking sectors in Uganda through its subsidiary, DFCU Bank Ltd. Its product offering ranges from savings and current accounts to investment, fixed and demand deposits and personal and corporate credit. The bank provides medium and long-term finance to the private sector; with a focus on the agricultural, construction, tourism and hospitality, education, manufacturing and transport sectors. In addition to standard commercial banking products and services, DFCU Bank offers lease and mortgage finance, foreign exchange trading and money market transfer services. The company has an extensive network of branches and ATMS located in the major towns and cities of Uganda. Development Finance Company of Uganda Limited was founded in 1964; it became a commercial bank in 2000 after taking over and renaming Gold Trust Bank. Development Finance Company of Uganda is listed on the Uganda Securities Exchangelast_img read more

Man charged with sexual assault

first_img Tomas Andrew Montez Police charged a man Wednesday after he reportedly sexually assaulted a 21-year-old woman in north Odessa.The sexual assault was first reported to the Odessa Police Department last September, an OPD news release stated. A 21-year-old woman was reportedly sexually assaulted by 38-year-old Tomas Andrew Montez, the release detailed.OPD obtained a warrant for Montez and charged him with sexual assault, a second-degree felony.Jail records show Montez was taken to the Ector County Detention Center Wednesday and released Thursday on a $50,000 bond. Man charged with sexual assault Facebook Twitter Previous articleMobile home lost in West Odessa fireNext articleOPD searching for burglary suspects admin WhatsApp By admin – April 5, 2018 Pinterest Local NewsCrime Twitter Pinterest Facebook WhatsApplast_img read more

Thales digitalizará el sistema de señalización de Deutsche Bahn Stuttgart para ampliar drásticamente la…

first_imgLocal NewsBusiness Pinterest Twitter Facebook WhatsApp Twitter WhatsApp Facebookcenter_img TAGS  Project “Digital node Stuttgart” @Deutsche Bahn / Arnim Kilgus Thales digitalizará el sistema de señalización de Deutsche Bahn Stuttgart para ampliar drásticamente la capacidad y mejorar la puntualidad y la comodidad Pinterest By Digital AIM Web Support – February 16, 2021 Previous articleThales va digitaliser le système de signalisation de la Deutsche Bahn dans la région de Stuttgart pour améliorer considérablement la capacité, la ponctualité et le confortNext articleSharks beat Ducks 3-2 for 2nd regulation win of season Digital AIM Web Supportlast_img read more

Government support continues to drop according to latest poll

first_img Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp Previous articleProposed rent increases will hit Donegal badly – MurrayNext articleBolt visit confirmed as Patsy Mc Gonagle receives the Freedom of Donegal News Highland 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton News RELATED ARTICLESMORE FROM AUTHOR Support for the coalition has dropped again in the latest opinion poll.The MRBI/IPSOS poll in today’s Irish Times shows Fine Gael down to 24% while Labour have fallen to 9% support.Fianna Fáil remain unchanged on 26% from the last poll in February while, Sinn Fein have gained ground – up three points to 21%.Gerry Adams has emerged as the most popular party leader in the country with 33% support, while the Tánaiste Eamon Gilmore is the country’s least popular party leader on 16%. Facebook Twitter Google+center_img Twitter Pinterest Government support continues to drop according to latest poll WhatsApp By News Highland – June 14, 2013 Google+ Need for issues with Mica redress scheme to be addressed raised in Seanad also Minister McConalogue says he is working to improve fishing quota Facebook Dail hears questions over design, funding and operation of Mica redress schemelast_img read more

NRA magazine spread prompts backlash after controversial headline

first_imgBill Clark/CQ Roll Call(WASHINGTON) — An incendiary headline placed next to a picture of prominent Democrats in a magazine produced by the National Rifle Association is causing some backlash.A spread in the March issue of American Rifleman, which is available online, shows a picture of Speaker Nancy Pelosi and former Rep. Gabby Giffords next to the headline “Target Practice,” which has some questioning the editorial motives of the gun rights group.The photo selection is at the heart of the backlash, as the picture shows Giffords, who was shot in the head and survived an assassination attempt in 2011, alongside Pelosi when the pair were at a recent press conference about a proposed background check law.Underneath the large headline, there is a subhead that reads “Congressional Democrats target gun owners for persecution with extreme firearm transfer bans.”The ensuing article, written by Chris Cox, one of the gun group’s most prominent leaders and the executive director of the NRA’s Institute of Legislative Action, derided Democrats for pushing the background check bill during the government shutdown “rather than to ensure that the country has a functional government.”The article introduced Pelosi as “arch anti-gunner.” It also points out that the news conference was held on the anniversary of the “infamous and deplorable” 2011 shooting of Giffords, the article goes into the specifics of the shooter and how he passed a background check.The executive director of Giffords, the former congresswoman’s eponymous gun control activist group, released a statement slamming the spread.“Fueling anger and selling fear has been one of the NRA’s most consistent tactics, and this reprehensible headline is just the latest example of their leaders’ dangerous and irresponsible propaganda,” Peter Ambler said in his statement.“Evoking threats of violence should never be tolerated. Words matter. This headline should tell us all we need to know about how wildly out of touch the NRA is with its own members and how low they will stoop to advance their damaging agenda at the expense of our safety,” Ambler’s statement reads.The NRA did not immediately return ABC News’ request for comment.Sen. Chris Murphy, D-Conn., who has been calling for more gun control laws in the wake of the Sandy Hook shooting, had his own theory behind the decision to pair that photo with the headline.“Newsflash: they know what they’re doing here,” Murphy wrote in response to a tweet about the spread.Rep. Eric Swalwell, D-Calif., went further, calling for the NRA to “face legal consequences.”“This is a call for violence by the @NRA against @GabbyGiffords, who was nearly killed by gunfire and @SpeakerPelosi, the most powerful legislator in America. The NRA should face legal consequences. But let’s put them out of business with boycotts and ballot boxes. #EnoughIsEnough,” Swalwell wrote in the tweet.That sparked a response from Rep. Dan Crenshaw, R-Texas, who called Swalwell’s comments an example of an attempt to promote “outrage culture.”Parkland activist David Hogg, who was at the background check news conference and stood behind Giffords at the event, tweeted about the NRA spread as well. He directed his tweet at Sen. Marco Rubio, R-Fla., asking the politician “why do you take money from an organization that calls for the assassination of politicians simply for their political beliefs.”Rubio did not appear to publicly respond to Hogg on Twitter, nor did his office immediately respond to ABC News’ request for comment.Hogg also retweeted former Gov. Howard Dean, D-Vt., who tweeted that “The NRA has become an alt right organization promoting violence.”The magazine article is not the first time that the intentions of the NRA’s press efforts have been questioned. Last year, they prompted some ire after tweeting out a picture of an AR-15 as the national student walkout was unfolding as a part of the March for our Lives, which was held to call for action on gun control in the wake of the deadly Parkland shooting. Copyright © 2019, ABC Radio. All rights reserved.last_img read more

Keep on the right side of the law

first_img Previous Article Next Article Comments are closed. An update of changes in employment law and the responsibilities of the OHpractitioner were discussedEmployment law consultant Joan Lewis of ACT Associates returned to theconference once again to give her popular, if frightening update on recentchanges in employment law. This year these included new maternity leave and payrights, other family leave proposals, the prevention of illegal working andavoidance of race discrimination and dignity at work policies – anti-bullying,harassment, ageism and so on. She also looked at the provisions of the Acas arbitration scheme, thevoluntary alternative to employment tribunals for resolving unfair dismissalclaims. Both parties need to agree a written arbitration agreement, hearingsare confidential and there is no right of appeal. Lewis also examined the health and safety provisions for young workers.There should be specific risk assessments for young workers, who should now beworking a maximum of an eight-hour day. Turning to recent case law, sexual bullies in the workplace face the veryreal prospect of going to prison, following the case of R v Lancashire and Wakefield,Lewis announced. She also referred to developments in DDA case law and casesrelating to the occupational health practitioner’s duty of care and gaveguidelines on ethics and standards of service. She suggested points to remember when trying to ensure that you are giving ahelpful report in a DDA case. – Don’t make management decisions – Do give an opinion as to if, when, and how an employee might return towork – Give objective, health-related decisions supported by brief facts. Lewis laid out the grounds for termination of employment for health-relatedreasons. Incapacity by reason of ill-health is a fair reason for dismissal, shesaid, but it is vital to follow proper procedures. These include a thoroughinvestigation, including medical reports, a review of the DDA implications,proper communication with the employee and finally and most importantly, thedemonstration of sympathy, compassion and understanding in your dealings withthe employee. Lewis went on to review the case law relating to specialist reports in DDAcauses, concluding that the evidence of a properly-qualified occupationalhealth specialist was essential. She said in cases where conflicting medicaladvice was given that the law allowed the employer to rely on the opinion oftheir occupational health professional unless that person had relied on notesonly without making an examination; had failed to make a specific conclusion;the continued employment of the person posed a genuine risk to the health andsafety of others; or the treating specialist should have been asked for anopinion. Keep on the right side of the lawOn 1 Nov 2001 in Personnel Today Related posts:No related photos.last_img read more

Boy Scouts Honor Martin and Lynda Pagliughi, James Bennett at Annual Gala in Wildwood

first_imgOn stage from the left is Freeholder Will Morey; Freeholder Marie Hayes; Honoree and Mayor of Avalon Martin Paliughi; Honoree and Avalon First Lady Lynda Paliughi; Honoree James Bennett; Freeholder Jerry Thornton; Freeholder and Mayor Lenny Desiderio Leave it to the Boy Scouts to pick out the “good scouts.”Garden State Council, Boy Scouts of America presented its annual Cape May County Distinguished Citizen Award to Avalon Mayor Martin L. Pagliughi, his wife Linda A. Pagliughi, “The First Lady of Avalon” and Cape May County businessman and civic leader James Bennett, President of Bennett Enterprises.These three giants of the local community were recognized Monday night at the Wildwoods Convention Center before a large gathering of friends, family, community members, and of course, local Boy Scouts.No time was wasted getting the evening off to an inspiring start with an opening ceremony by Cub Scout Troop 76, Pack 76 of Sea Isle City, and a heartfelt invocation by Bishop Charles Farrow of Bethel Commandment Church, Whitesboro, and Scoutmaster of Boy Scout Troop 104, Whitesboro; and a moment of silence led by George Nedig, Southern New Jersey Council’s Executive Board.The awards are presented on behalf of the Boy Scouts for their exceptional leadership in the community. The evening’s proceeds from the event reception help defray services to a greater number of young people throughout Cape May County.Mayor Pagliughi is currently serving his seventh four-year term leading Avalon’s government since his first election in 1991. He also served Avalon as a Councilman (four years) Zoning Board member (six years) and Planning Board member (two years).  A longtime employee of ABB International Electrical Engineering Company, Pagliughi is the firm’s National Industry Manager for Environmental Sales.He was appointed Emergency Management Director for Cape May County and has served in that capacity since 2012.Lynda and Martin PagliughiGiving of herself alongside her husband, Lynda Pagliughi has been a community leader in numerous public, private and charitable concerns over the years. Currently a trustee for the Cape Women’s Resource Fund, an organization that raises money for women’s scholarships, she is Vice President of the Southern New Jersey Development Council. He is also active in local and state politics as Vice Chair of the New Jersey Republican Party organization.James Bennett’s many business interests include the LaCosta Lounge, Package Goods store and Motel, as well as the Casino Streaks and Pizzeria Restaurant in Sea Isle City. He is also the owner and managing partner of the Lobster Loft Restaurant and Liquor Store.James Bennett, Freeholder Lenny Desiderio (left) listen while Freeholder Jerry Thornton, John Lynch, and Freeholder Marie Hayes discuss the honorees.His civic contributions include Chairing the Sea Isle City Tourism Board; membership of the Sea Isle City Chamber of Commerce and the Sea Isle City Revitalization Committee. Bennett is President of the New Jersey Licensed Beverage Association, and a member of the Alcoholic Beverage Control Advisory Board.  He is also very active in youth sports as head coach of the Ocean City Youth Recreational Wrestling Program.In addition to the awards presentations and talks, Emcee John Lynch, Director of Sales and Entertainment for the Wildwoods Convention Center, kept things moving along with introductions of the participants and distinguished attendees, and gave final thoughts at evening’s end.Forest Wan discusses how scouting has influenced his life and decision making.Eagle Scout Forest Wan of Troop 76 spoke on what scouting means to him and its influence; and Eagle Scout Eddie Silva of Troop 79 in Seville gave reflections on his years of scouting. Forest is a senior at Ocean City High School and has several applications into the US Military Academies. He has an ambition to be a military officer and to serve our country.Other highlights included a presentation to event chairperson Nancy Cleaver by Kevin Bishop, recognition of event sponsors by Cleaver, and remarks by NJ Senator Jeff Van Drew, Assemblymen Bob Andrzejczak and Bruce Land.The Garden State Council has served families in Cape May County since 1938. Today the organization counts more than 3, 8000 volunteers working with more than 8,000 young people each year.The event was sponsored by Kindle Automotive, Morey’s Piers, Avalon Flooring, Boulevard Super Liquors, Crest Savings Bank and Halliday Leonard, General Contractors.The Scouts posed with Mayor Lenny Desiderio, John Lynch, NJ Senator Jeff Van Drew, and Assemblymen Bob Andrzejczak.The evening was a Who’s Who of regional elected officials. Several that were in attendance, but not mentioned above include: Congressman Frank LoBiondo; Surrogate Susan Sheppard; Ocean City Mayor Jay Gillian; Ocean City Councilman Keith Hartzell; Ocean City Councilman Antwan McClellan; Ocean City Councilman Bobby Barr; Ocean City Councilman Michael DeVlieger; Sea Isle City Council President Bill Kehner, and Cape May County Clerk Rita Fulginiti.last_img read more

Comment

first_imgThis week, for a change, I thought why not write about business and make our editor Sylvia happy? There will be no mention of incompetent, lying, corrupt politicians, or even public-sector employee pension schemes. Instead, I’ll focus on how we should all be more efficient to keep the above in the standard of living they have at our expense.Always, when I write or speak about reducing or controlling costs, someone will confuse it with either reducing quality – which is never what I mean – or come up with that hoary old chestnut: “You can’t cut your way to success.”Even in British Baker, I read that Greggs announced its profits were down and, while it is driving for growth, it is also taking action to reduce costs. After all, assuming it is constantly monitoring its costs and yet still finds it necessary to review them, why should we think that we are so efficient that we do not have to bother?I can never see the point in expanding sales without a commensurate increase in profits. How often have we seen a fellow baker expand from, say, three shops to eight, and the next sad thing we read about is their demise?There are often two main reasons why they fail: lack of control of costs and lack of adequate control systems. When you run a maximum of three shops, for example, you can keep most of what you need to know in your head – although even that I find risky. When the total number of shops gets larger, systems are not a luxury, they are a necessity. So many bakers say: “Oh I cannot be bothered with all that paperwork.” But the only answer is that, unless you’re a genius, you had better bother with it or you will simply not survive.Our Scottish bakery friends appear to have mastered that and they keep going from strength to strength. They put in systems to watch over and control their growth.The only danger is that, with the ability of computers to spew out paper endlessly, you’ll get too much information, most of which you cannot use. So I will list what financial elements I think are absolutely necessary to examine every week: bank balance, total creditors, debtors and sales.With those four figures, you will always know where you are. After that, you can add on whatever other data you think you need and, every year, cull out whatever you have not really used. Next, there are the figures I think I need, such as accurate production figures, to tell me how much per man hour was produced, the level of wage percentage, waste and the monthly stocktaking.Last, but not least, I look at the wage percentage of every department of the business in detail to allow me to make accurate comparisons. Of course, there are other data that we keep, but space has run out and each bakery owner has to decide for him- or herself what they require.Just think about it. If you work like the dickens to be rich, you will then be able to afford to sit on the veranda of an expensive care home, watching the healthy, but poor, people walk by.last_img read more