City revolts over bill for bust firms

first_img whatsapp Share KCS-content whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoBetterBe20 Stunning Female AthletesBetterBeUndoBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeUndoLiver HealthAdvertisement 1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndo City revolts over bill for bust firms Tags: NULL LEADING City investment management and stockbroking groups were yesterday in open revolt about plans for them to pay £233m to a controversial compensation fund after the collapse of the financial products seller Keydata. There was a growing feeling last night that prudent firms – from tiny blue-blooded Mayfair fund managers to giants such as BlackRock – were being unfairly hammered for the sins of a few, entirely unrelated players in very different financial industries.The Association of Private Client Investment Managers (Apcims), whose 180 members include JP Morgan Cazenove as well as Evolution and Brewin Dolphin, called a meeting to discuss the possibility of refusing to pay into the Financial Services Compensation Fund (FSCS). One source said: “Some members are appalled at being called upon to fund this bailout. They feel they have nothing to do with the type of firm that got into trouble.”Sources also said that the Investment Management Association (IMA), whose members manage £3.4 trillion, is considering challenging the decision to levy its members in the courts. Its members include firms such as Aberdeen Asset Management, Aviva and Odey Asset Management.One source said that the IMA, which feels there are issues relating to who else should contribute towards the cost of Keydata, will take a cold-hearted decision as to whether to challenge the compensation levy through a judicial review. The IMA has engaged lawyers on the issue in recent weeks and many of its member firms have done the same.“In the end the decision will rest on a fairly cold assessment of the chances of winning a court battle,” said one IMA adviser. “There has been no decision yet as to whether to go ahead.” Those interested in disputing the levy were last night told that the IMA was “looking at challenging the payment on behalf of the investment management industry”.One source said that even if the IMA didn’t decide to adopt a legal challenge, there was no reason why some of its members might not go down that route.Of the total levy of around £450m now being raised by the FSCS, £93m will come from financial advisers and £233m will come from fund management firms. A previous interim levy of £80m was raised from intermediaries in early 2010. Under the rules of the scheme, there is a maximum £100m that can be called upon from intermediaries after which monies can be called upon from stockbrokers and investment managers.A spokesman for the FSCS acknowledged that the current compensation system might need an overhaul. “We want to find a system that everybody supports.”Liontrust Asset Management yesterday revealed it was hit with a £415,000 bill, up from £20,000. Rathbones has paid £3.6m, Brewin Dolphin £6.2m, Brooks Macdonald £545,000, Charles Stanley £2.6m, IG £4m and Evolution £1.4m. The British Insurance Brokers’ Association (BIBA) has warned that its members face a 50 per cent hike in levies. Show Comments ▼ Wednesday 2 February 2011 8:50 pmlast_img read more

UK betting shops to open in time for Royal Ascot

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter UK betting shops to open in time for Royal Ascot UK betting shops will be able to open their doors after almost three months, from 15 June.The Government announced today (26 May) that a number of establishments, including fashion stores and car dealerships as well as bookies and arcades, will be able to reopen from that date, after all premises were shuttered to slow the spread of novel coronavirus (Covid-19). That date could be pushed back if infection rates rise, however.The date is particularly important for bookmakers, coming a day ahead of the scheduled start of the Royal Ascot meeting on 16 June. It is thought the Premier League will also restart on 26 June, with an announcement expected this week.Businesses will only be able to open once they have completed a risk assessment, in consultation with trade union representatives or workers, and are confident they are managing the risks, the Government said. They must have taken the necessary steps to become “Covid-19 secure”, in line with the current health and safety legislation.Shops will be encouraged to clean their premises regularly, consider social distancing restrictions and place protective coverings on items touched by the public.Stores that reopen but are found to breach rules will face fines, with management risking jail sentences of up to two years for any violations.“With racing returning soon, we welcome the fact that betting shops across the country will be able to open their doors again on 15 June,” a Betting and Gaming Council (BGC) spokesperson told iGB. “Our members are working hard to prepare shops for reopening and to ensure a safe environment for customers with social distancing and hygiene measures in place.“Bookies employ nearly 50,000 hard-working staff, who have all played their part in the national effort to combat the spread of Covid-19, and we now look forward to providing customers with the best possible experience as lockdown eases.”Discussing the changes, Business Secretary Alok Sharma said: “The high street sits at the heart of every community in the country. Enabling these businesses to open will be a critical step on the road to rebuilding our economy, and will support millions of jobs across the UK.“The guidance we have set out today provides a vital framework to get shops open in a way that is safe for everyone. It explains how retail workers who are not currently working can go back to work as safely as possible and feel confident in their workplace. And it reassures customers that shops are properly assessing the risks and putting in place measures to protect them.”All UK stores not deemed to be “essential” – including casinos, betting shops and bingo clubs – were ordered to shut down on 20 March in response to the coronavirus outbreak.Betting shops in Ireland are also set to open next month, with 29 June – two days after the Irish Derby – following discussions between the country’s government and the Irish Bookmakers Association.An earlier date had been discussed but both sides settled for a phase three opening, with phase two on the roadmap catering for retail outlets with street-level access once the number of people permitted per square metre – which has yet to be established – can be adhered to.Irish racing plans to resume operations ‘behind closed doors’ at some centrally located racecourses on 8 June – coinciding with phase two of the government’s roadmap for recovery.“The top priority for our members is the health of their colleagues and customers. Our members are working to ensure robust safety protocols and procedures are in place to adequately protect staff and customers,” said Sharon Byrne, chief executive of the IBA, in a statement.“Over the next number of weeks, we expect the public will have adjusted to the phased reopening of retail outlets in general.”Image: Pam Brophy Subscribe to the iGaming newsletter UK betting shops will be able to open their doors for the first time in almost three months, from 15 June. Tags: OTB and Betting Shopscenter_img Legal & compliance 26th May 2020 | By contenteditor Topics: Legal & compliance Email Addresslast_img read more

Mcnichols Plc (MCNICH.ng) 2012 Annual Report

first_imgMcNichols Plc (MCNICH.ng) listed on the Nigerian Stock Exchange under the Food sector has released it’s 2012 annual report.For more information about McNichols Plc (MCNICH.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the McNichols Plc (MCNICH.ng) company page on AfricanFinancials.Document: McNichols Plc (MCNICH.ng)  2012 annual report.Company ProfileMcNichols Consolidated Plc manufactures, packages and markets a range of fortified sugar products in Nigeria. This includes granulated sugar, cube sugar, icing sugar and baking sugar. The company also produces a range of chocolate powder and custard powder. The company’s head office is in Lagos, Nigeria. Mcnichols Consolidated Plc is listed on the Nigerian Stock Exchangelast_img read more

Wilderness Holdings Limited (WILD.bw) 2013 Abridged Report

first_imgWilderness Holdings Limited (WILD.bw) listed on the Botswana Stock Exchange under the Tourism sector has released it’s 2013 abridged results.For more information about Wilderness Holdings Limited (WILD.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Wilderness Holdings Limited (WILD.bw) company page on AfricanFinancials.Document: Wilderness Holdings Limited (WILD.bw)  2013 abridged results.Company ProfileWilderness Holding Limited is a world-renowned holding company for the ecotourism brands of Wilderness Safaris and Wilderness Collection. The company is dedicated to promoting and managing responsible and sustainable wildlife tourism in southern Africa and is regarded as Africa’s premier ecotourism company. The Group operate 45 safari camps and lodges and 10 scheduled overland safaris in Botswana, Congo, Kenya, Namibia, Seychelles, South Africa, Zambia and Zimbabwe; with a combined capacity to host 35 000 guests per year. Wilderness Safaris boasts a selection of luxurious, environmentally-friendly lodges and camps in premier safari destinations; including the Okavango Delta, the Namib Desert, Hwange National Park, Mana Pools National Park, Damaraland, Etosha and Kafue National Park. Wilderness Air offers scheduled transfers between Wilderness camps and a private charter service. The Wilderness Wildlife Trust is an independent entity dedicated to raising funds to improve protection, knowledge and management of southern Africa’s wildlife. Children in the Wilderness (CITW) is an environmental and life skills educational programme operating in Botswana, Malawi, Namibia, Seychelles, South Africa, Zambia and Zimbabwe.last_img read more

Aluminium Extrusion Industries Plc (ALEX.ng) Q12015 Interim Report

first_imgAluminium Extrusion Industries Plc (ALEX.ng) listed on the Nigerian Stock Exchange under the Mining sector has released it’s 2015 interim results for the first quarter.For more information about Aluminium Extrusion Industries Plc (ALEX.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Aluminium Extrusion Industries Plc (ALEX.ng) company page on AfricanFinancials.Document: Aluminium Extrusion Industries Plc (ALEX.ng)  2015 interim results for the first quarter.Company ProfileAluminium Extrusion Industries Plc (NIGALEX) is a leading manufacturing company in Nigeria producing and marketing extruded aluminium products and coloured and wood products. Products in its extensive range include Cego flyscreens; projected window systems for institutions in the education, government, military and commercial sectors; industrial door systems designed for versatility and performance; partitioning systems with robust wear and tear features; multi-purpose stock extrusions for the maritime, aviation and construction sectors; swing door systems for commercial entrances; sliding window systems with removable operating sashes and bead-glazed; fixed louvres with fabricated railings; special provides available in round bars, T-sections, symmetric and square aluminium frames; curtain walls attached to building structures; AS46 flyscreens and customised fixed casements (windows and doors). NIGALEX has annual capacity of 5 000 tonnes of aluminium extrusion products and produces profiles in a press finish, wood finish, silver and bronze colour palette and modern powder-coated forms. The company has operations in Aba Abuja to serve the eastern and northern regions of Nigeria. Its head office is in Imo State, Nigeria. Aluminium Extrusion Industries Plc is listed on the Nigerian Stock Exchangelast_img read more

The Debate Over Corporate Social Responsibility

first_imgThe Debate Over Corporate Social Responsibility About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  17 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 22 November 2007 | Newslast_img read more

Foresters Friendly Society donates £47,000 to CLIC Sargent

first_imgForesters Friendly Society donates £47,000 to CLIC Sargent AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  24 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 14 November 2008 | News Tagged with: corporate Foresters Friendly Society has announced that fundraising activities undertaken by its members to support CLIC Sargent, the children’s cancer charity, raised a total of £47,000 between September 2007 and September 2008.CLIC Sargent was selected by John Levett as the Society’s nominated charity during his year in office as the Society’s President, the High Chief Ranger, which came to an end at the Society’s annual High Court meeting, staged last month in Scarborough.The fundraising programme was supported by members of the Foresters Friendly Society’s 250 UK branches accompanied by major events including a charity dinner hosted by John Levett aboard HMS Warrior in Portsmouth in June 2008.CLIC Sargent is the children’s cancer charity helping children and young people with cancer and their families with the trauma of diagnosis, the often long journey through treatment and continuing to support them afterwards. CLIC Sargent spends approximately £3,500 per child it supports.Kevin Dann CEO at Foresters Friendly Society, said; “As a mutual organisation dedicated to looking after the interests and well-being of our members since 1834 we’re naturally committed to lending our support to the work of charities such as CLIC Sargent which work tirelessly to support those who are experiencing times of hardship, illness or challenge.Kevin Dann continued “We’re pleased that our members have been able to help make a real difference to CLIC Sargent’s fundraising efforts during 2007 and 2008.This success reflects the genuine sense of community spirit shared by our members, who also benefit from the ready-made social network and infrastructure we are able to offer them.”The funds raised by members of the Foresters Friendly Society will be used to support a range of CLIC Sargent services, including Homes from Home, a scheme which provides free self-catering accommodation to families of children and young people affected by cancer and undergoing treatment outside their home area.Ann Cooper, Community Fundraising Manager for CLIC Sargent added: “On behalf of CLIC Sargent I would like to thank members of the Foresters Friendly Society who have enthusiastically fundraised for us over the past year. The money raised will make a real difference to families whose lives have been turned upside down by childhood cancer. Right now we can only help two out of three families whose child has cancer. We need help from organisations like the Foresters Friendly Society to be there…for each and every one.”There are 3,600 new cases of cancer in children and young people throughout the UK every year. CLIC Sargent currently supports 2,400 of these. CLIC Sargent is aiming to increase its services to enable it to meet the needs of all children and young people diagnosed with cancer.-Ends-Notes to EditorsAbout Foresters Friendly SocietyForesters Friendly Society was founded in 1834 and offers a range of financial saving, investment, insurance and protection products, as well as educational grants and healthcare support for its members. All financial products come with the accompanying benefits of membership of the Society at no additional cost. There is no obligation to purchase a financial product in order to become a member. The Society currently includes over 70,000 members across 250 UK branches.About CLIC SargentEvery day 10 families are told that their child has cancer. Diagnosis often comes as a shock. Treatment usually starts straightaway and can last up to three years. As the children’s cancer charity, CLIC Sargent is there… with clinical, practical and emotional support, every step of the way. For more information visit www.clicsargent.org.uk or call the Child Cancer Helpline on 0800 197 0068.Note to Sub Editors: Please note that the name ‘CLIC Sargent’ should not be abbreviated to CLIC, and that the word ‘CLIC’ should always appear in capitals, as above.For further information:Bilal MahmoodWeber Shandwick FinancialT: 020 7067 0715E:[email protected] ArmitageForesters Friendly SocietyT: 023 80216 867E: [email protected] About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Cleveland demonstration in solidarity with Charlotte, North Carolina

first_imgClevelanders United for Justice Reform Now! held a solidarity picket line at the newly opened African-American Cultural Gardens on Sept. 26.Donnie Pastard, spokeswoman for this ad hoc group of community activists, said at the picket line: “Cleveland stands with all the cities in the USA who have experienced the trauma of recent police violence against Black people in Charlotte, Columbus, Tulsa and Milwaukee. There must be justice reform now! We also salute all the athletes and students around the country who are ‘taking a knee’ against the systemic racism which infects not only policing but the entire criminal justice system.”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Asia Reacts to US BSE Case

first_img Some of the biggest customers for US beef were quick to react to the news of a 4th case of BSE discovered in the US. Even though the infected animal never came close to the food supply, South Korea will halt customs clearance of any new U.S. beef imports, Park Sang Ho, an official at South Korea’s farm ministry, told Bloomberg by phone. The agriculture ministry shortly thereafter issued a statement saying it will take “necessary measures” on beef imports and will take steps “soon” in regard to the nation’s quarantine rules. Japan has no plan to suspend U.S. beef imports “at the moment” according to Minoru Yamamoto, director of the animal health division at the farm ministry. Source: Some material provided by Bloomberg news By Gary Truitt – Apr 24, 2012 Previous articleUpdate: USDA says Food Supply not Threatened by California BSE CaseNext articlePork Producers Not Happy with Burger King Decree Gary Truitt Facebook Twitter SHARE SHARE After falling sharply when the news of the BSE discovery broke, livestock markets began to recover in the overnight trade. “It’s just a small rebound after yesterday’s drop,” said Hiroyuki Kikukawa, general manager of research at IDO Securities Co. “An outbreak of mad cow disease will keep putting downward pressure on the market. This will keep buyers, including Japan, from easing trade curbs on U.S. beef imports.” Futures for June delivery climbed 0.3 percent to $1.1185 per pound on the Chicago Mercantile Exchange at 10:11 a.m. Tokyo time. Futures fell 2.6 percent to settle at $1.11575 per pound Tuesday to the lowest level since July 1 and the biggest percentage drop on a most-active contract since May 23. Asia Reacts to US BSE Case Facebook Twitter Home Indiana Agriculture News Asia Reacts to US BSE Caselast_img read more

Federal Judge Allows Embattled Attorney to Live in Pasadena Mansion While Trustee Moves to Sell It

first_img Your email address will not be published. Required fields are marked * Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Community News Attorney Tom Girardi was allowed by a federal judge to stay in his Pasadena mansion as the Chapter 7 trustee overseeing his estate moves to sell it, Reuters Legal reported.The deal struck between Girardi’s brother Robert Girardi, who is serving as temporary conservator, and trustee Jason Rund was “fairly straightforward,” said U.S. Bankruptcy Judge Barry Russell during a hearing Tuesday.The judge at one point during the proceedings questioned whether Girardi’s wife, “Real Housewives of Beverly Hills” star and singer Erika Jayne, was aware of the bankruptcy proceedings. He also questioned what would happen to the mansion’s contents.Both Tom Girardi and his law firm Girardi Keese were placed into bankruptcy after Edelson PC, a Chicago-based plaintiffs firm, accused them of mishandling $2 million in settlement money that was supposed to go to victims of the Lion Air Flight 610 crash.Girardi and his firm’s assets were frozen by a Chicago federal judge late last year. A group of Girardi’s former business associates claimed the firm owed millions of dollars and forced the attorney and his firm into involuntary bankruptcy.Girardi’s attorneys have asserted since December that he is suffering from mental decline and incapable of addressing his mounting financial and legal concerns. In a Jan. 13 filing, Robert Girardi said his brother was unable to understand what was happening to him and his firm.The deal struck Tuesday, Reuters Legal reported, will give Tom Girardi 20 days to vacate the mansion once it is in escrow. The mansion has become too expensive for the plaintiff’s attorney to maintain, according to Leonard Pena, an attorney at Pena & Soma who is representing Robert Girardi.“There’s no way the debtor can service the mortgage on this property,” Pena said during Tuesday’s hearing. “He plans on moving, but obviously we didn’t want it to happen overnight.”The mansion, reportedly worth $15 million, is 10,277 square feet and has four bedrooms and six full bathrooms, Reuters Legal reported from online real estate listingsYoo said he sent emails to Mastan saying the couple’s communal property in the mansion now belongs to the trustee.Mastan, Pena and Yoo did not respond to requests for comment by Reuters.As part of the deal, Tom Girardi and his brother must keep the mansion “neat and tidy” and the utilities are paid. It also prohibits any communications with potential buyers. 17 recommended0 commentsShareShareTweetSharePin it faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News Name (required)  Mail (required) (not be published)  Website  EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS HerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeautyHerbeautyZac Efron Is Dating A New Hottie?HerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeauty Top of the News center_img Subscribe Make a comment Community News Federal Judge Allows Embattled Attorney to Live in Pasadena Mansion While Trustee Moves to Sell It STAFF REPORT Published on Wednesday, February 24, 2021 | 4:21 pm CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday STAFF REPORT First Heatwave Expected Next Week STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy More Cool Stuff Business News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more