Moneysupermarket announces share buyback after growing profits

Tuesday 28 February 2017 8:06 am Operating profit was up 13 per cent to £91.1m from £80.5m, while profit after tax grew by 16 per cent to hit £73.5m, compared with £63.4m in 2015.Adjusted earnings per share rose eight per cent to 15.7p from 14.5p.The company hiked its dividend by eight per cent to 9.85p from 9.15p.The firm also said the cash on its balance sheet increased by 167 per cent to £44.6m.The company also announced today that it will run a share buyback programme for up to £40m “in line with (its) capital allocation policy”. The share repurchase will be conducted at some point this year. Caitlin Morrison whatsapp whatsapp Shares in the group dropped 10 per cent at the open.Why it’s interestingShore Capital analyst Roddy Davidson noted that investors “may be disappointed” in Moneysupermarket’s decision to distribute excess cash by way of a buyback programme rather than (as in the past) a special dividend – and this appears to have been borne out, with the stock dropping dramatically in early trading.Meanwhile, the company said that, while insurance revenues and its credit card and loans business had delivered “strong growth” in the first two months of the year, “low interest rates continued to weaken savings and current account switching and energy is trading lower” because the group has “not yet run a collective switch”.As a result, Moneysupermarket said group revenues are currently behind last year. However, the firm added that it’s “confident of delivering its expectations for the year”.What Moneysupermarket said”We saved nearly seven million families £1.8bn on their household bills in 2016, which helped us grow revenues by 12 per cent. This adds up to another great year for the Moneysupermarket Group,” said chief executive Peter Plumb, who is stepping down in May this year after eight years with the business. He is to be replaced by John Lewis retail boss Mark Lewis.”Our technology investment programme is equipping us to save more families more money on a wider range of bills in the years ahead. Using data to make comparison more personalised, more informed, quicker and easier is differentiating us from other comparison sites.” Share Moneysupermarket Group is launching a £40m share buyback after reporting increased revenue and profit for the year to 31 December 2016.The figuresGroup revenue rose 12 per cent to £316.4m from £281.7m. Moneysupermarket announces share buyback after growing profits More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com read more

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Stand up to EU ‘bullies’, Boris Johnson tells Prime Minister after Brexit negotiations stall

first_img Joe Curtis Tags: Boris Johnson Brexit People Theresa May whatsapp whatsapp “We are now entering the moment of crisis. Matters cannot go on as they are,” Johnson added.The Brexiter’s warning comes after Brexit negotiators failed to reach an agreement during a hectic set of meetings in Brussels last night, and at the start of a critical week for May.The Prime Minister faces a showdown over her Chequers plan this week after negotiations stalled yesterday, with an EU summit set to take place on Wednesday.Read more: Hammond predicts economy boost from ‘Brexit dividend’Downing Street said there are “several big issues still to resolve”, including the Northern Ireland backstop, where the UK could stay inside the customs union until a border resolution is agreed. The former foreign secretary claimed that negotiations are in the “moment of crisis” and warned that Theresa May must “stand up to bullies” as he applies pressure to the beleaguered Prime Minister.Read more: Prime Minister rules out customs union option after BrexitWriting in his Telegraph column, Johnson said: “There comes a point when you have to stand up to bullies.”After more than two years of being ruthlessly pushed around by the EU, it is time for the UK to resist.”He said the UK had chosen to go along with the EU’s timetable for discussions “with painful politeness”, and claimed Britain has “nothing to show” for the £39bn so-called Brexit divorce bill and commitment to protect the rights of EU nationals living in the UK. Monday 15 October 2018 12:42 pmcenter_img Stand up to EU ‘bullies’, Boris Johnson tells Prime Minister after Brexit negotiations stall Boris Johnson today called on the Prime Minister to push back against the EU “bullies” following the collapse of Brexit talks between the UK and the bloc. Share Some ministers are set to revolt over how “temporary” the backstop could prove to be, with Cabinet members reportedly considering their positions.Ex-Brexit secretary David Davis yesterday called on the Cabinet to reject Chequers, claiming a Canada-style free trade deal with the EU is “clearly within our grasp”. last_img read more

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Sam Trammell

first_imgTVSam TrammellWhat do you do when fate threatens to derail your dream job? If you’re this star of HBO’s True Blood, you trust the burnt surfer dude with the needle and threadBy Amy Wallace – August 1, 2011886ShareEmailFacebookTwitterPinterestReddItIt’s 6:55 a.m.—a Winchell’s morning. That means my friend and I have agreed to meet at Winchell’s on Melrose to go surfing. But he isn’t here. At 7:05 I text him—“u coming brah?”—then after a cup of coffee to work off the margarita hangover, hit the road without him.I get to my secret spot, a little farther north than usual, and put on my gear, then walk all the way to one end of the beach and all the way back. No waves.I decide to get in anyway, picking a house under construction to be my lineup. I make it out, paddle south, and catch a few. But it’s cold and no good. My feet are getting numb. I keep thinking I’m going to go in, but then I catch a wave and go back out. I feel tired. And I’m alone.I have a couple bad falls where I land weird and do a somersault. I bang a heel, and my leash hurts my foot.I’m thinking I’m going to tell my girlfriend, Missy, “This is the worst I’ve ever seen it out here.” I’m calculating in my head—is it the worst?—when the wave hits me. I fall in front of the board and get turned around and—bam!—my board hits me in the face and I hear a crunch, like ice cubes in a canvas bag being stepped on. I can feel a flap of skin somewhere, either by my eye or on my nose. I know it’s bad.I paddle in. Blood is everywhere. I’m freaking out. Nobody notices me. There are some kids fishing at the shore break. They don’t even look my way. Neither does the couple I walk right in front of lying on the sand. Or the guys playing Frisbee. I get to my car. The cut is bad—so deep I can’t tell how deep it is. I’m getting out of my wet suit, not sure what’s next, when this very skinny man with a huge belly—probably 65 to 70 years old—walks up with his very small dog. He informs me he’s lost his keys and needs a ride home. He says nothing about my broken nose.I’m standing next to my car, shaking, with blood all over my face. There are other people in the parking lot. Why did he come to me? I tell him I’ve just been cast in a new show called True Blood. For me, landing the role of Sam is a big deal. I had a Tony nomination on Broadway, but in Hollywood this is my best role yet. I say, “I’m feeling like my life might be over, because I’m an actor and I’ve done something awful to my face.” No reaction. Instead the man tells me the waves look good. “Get in,” I say.On the way he tells me there’s an urgent care place nearby. When I drop him off, he points me in the right direction. It’s in a strip mall. It doesn’t look like a doctor’s office. The shades are drawn. I don’t have my insurance card. I’m dabbing a Kleenex on my nose. The nurse gives me a tetanus shot. I hardly feel it. I am despondent. Will I get fired from the show?  I look at my feet. They look blue.The doctor doesn’t tell me his name. He looks like an old burnt surfer. He has this shaggy blond hair and he’s totally tan, like he’s been in the sun his whole life. He apologizes that I’ll have to wait five minutes for a room (which I don’t think is a long time). He also says, which I find odd, “You can’t tell by looking, but all the rooms are taken. There’s a woman down the hall with a very terrible headache.” He leaves. What’s up with the woman with a headache?The nurse leads me to a room, and Doc comes in and says to shut my eyes. He starts sewing me up, and that paper thing over my face is sliding all around and seems makeshift. I ask him if he’s a surfer. He says he used to live in Hawaii. “I used to sew up guys from Pipeline.” This blows me away, since I’m obsessed with Pipeline—one of the most dangerous waves in the world. Then he asks, “Do you like  Magnum, P.I.?” I tell him I don’t actively seek out Tom Selleck movies, but yes, I’ve watched the show. He tells me he was the show’s doctor.The whole vibe is weird. I’m sitting there waiting for—what? I don’t know—when Doc brings in two surfing articles to show me. I give him an autograph because he asks for one. “In case this show, True Blood, catches on, maybe it’ll be worth something,” he says.On the way home I call Missy. I’m almost in tears: “My life is over. I’m going to get fired.” Then I get another call. I put her on hold and answer. It’s my agent: “You have to go see Alan Ball”—the creator of True Blood—“and read with some other actors. In two days.” NO! NO! NO!Two days later I slink in with a bruised face and ten stitches running horizontally across the bridge of my nose. Alan doesn’t even really say anything about it. He has bigger fish to fry.I swore I would never surf again, but everybody was like, No, you can’t stop being the person you are. The person you are is what gets you the work. Like that doctor. As bizarre as he was, I felt like he saved my life. He was a true healer. He did a helluva job. TAGSMelroseSam TrammellTrue BloodPrevious articleLong Closed La Cana Barrel To Reopen As Idle Hour CafeNext articleWhere’s Chris? 8/1/11Amy Wallace RELATED ARTICLESMORE FROM AUTHORA Battle Is Brewing Over Fred Segal’s Iconic SignMy LA to Z: Ice TMy LA to Z: Dylan Gelulalast_img read more

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Morrisons: Share price jumps as chief executive Dalton Philips resigns, while Andrew Higginson steps up

first_img whatsapp Tags: Company Morrison (Wm) Supermarkets Jeff Misenti whatsapp Show Comments ▼ More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.com Share Morrisons: Share price jumps as chief executive Dalton Philips resigns, while Andrew Higginson steps up Shares in Morrisons bounced six per cent in early trading, after it announced chief executive Dalton Philips will step down after five years at the helm, while Andrew Higginson, an ex-Tesco executive, will take over from chairman Sir Ian Gibson later this month. Philips will stay on until the company’s end of year results in March.The figuresThe not-so-unexpected announcement comes as the supermarket reported like-for-like sales excluding fuel were down 3.1 per cent in the six weeks to 4 January. Total sales excluding fuel were down 1.3 per cent. Items per basket improved somewhat, jumping from a fall of 2.4 per cent year-on-year in the third quarter to a drop of 0.2 per cent. Morrisons said Black Friday had impacted the start of the reporting period. Underlying profit before tax is expected to be between £335m to £365m. The FTSE 100 retailer will also close 10 loss-making stores.Why it’s interestingSupermarkets are finding it increasingly difficult to differentiate and are having a tough time taking on the discounters in terms of price. However, Morrisons’ rivals Sainsbury’s and Tesco pleased investors with better-than-expected sales figures over Christmas. The City had forecast that Morrisons’ like-for-like sales would drop between three and four per cent over the festive period.So while it performed in line with expectations, it is still the worst performer in the sector among the major supermarkets over Christmas.The Bradford-based supermarket revealed a plan in March to allocate £1bn to price cuts over the next three years, hoping to go toe-to-toe with the discounters. Asda is slashing the cost of 2,500 “essentials” while Tesco is cutting prices of some of its  most popular products like Hovis and Coca-Cola. But this morning, John Ibbotson from retail consultants Retail Vision, pointed out that the results had been surprisingly well-received.Never have such poor results been so highly regarded. It’s verging on the tragi-comic… Late arrivals to online, convenience, a delayed incursion into the rich south, and hesitant leadership, effectively sealed his fate. While sales may be improving slightly, Morrisons remains, by a distance, the weakest of the Big Four. Despite cutting prices and trying to match the discounters, Morrisons has lost its price perception and leadership to Asda. In a consolidation environment, it’s looking like the most obvious takeover candidate — but who would want [it]? What the company saidSoon-to-be chairman Higginson commented on Dalton’s resignation:I would like to thank Dalton for his contribution as CEO.  He has brought great personal qualities and values to his leadership of the business, having had to manage against a background of considerable industry turmoil and change.Dalton Philips said:Morrisons is a great company with exceptionally talented people and I have been very proud to have worked with them. Over the last five years, we have made many improvements to the business and given Morrisons strong foundations for the future.In shortMajor supermarkets are under intense pressure to cut prices for both petrol and basic goods. It remains be seen whether Morrisons’ price cut plan will entice shoppers faced with similar offers from rivals. The company will be disappointed to say the least that it holds the wooden spoon among listed grocers. Morrisons has been making modest improvements and today’s management shake-up will make it a key company to watch.  Tuesday 13 January 2015 2:19 amlast_img read more

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News / Idle containership fleet set to hit record high of three million teu

first_img Idled containership capacity is expected to reach a record high of 3m teu within weeks, in the “worst capacity crisis the industry has ever seen”, according to new data from Alphaliner.With over 250 sailings already withdrawn in the second quarter, the consultant forecasts that the lay-ups will push the idle fleet to a level twice that seen during the 2009 global financial crisis.“No market segment will be spared, with capacity cuts announced across almost all key routes,” warned Alphaliner.“While larger ships will be cascaded to replace smaller units on the remaining strings, carriers will be forced to idle a large part of their operated tonnage. This will affect all size segments in the coming weeks.”In addition to the main Asia-Europe and transpacific trades, carriers have also reduced capacity on the transatlantic, Latin America, Middle-East, Indian sub-continent, Africa and Oceania routes, as up to a quarter of the world’s population is in lockdown and non-essential retailers shuttered.One carrier source told The Loadstar yesterday he expected “many more cancellations” to be announced over the next few weeks.“We are going to have to anchor a lot of ships, like the airlines have parked their planes,” he said. “Our visibility, for what it is worth, is showing forward bookings from Asia to North Europe down by over 50%, and it could even be worse than that.”THE Alliance today published details of more blank Asia-North Europe, Asia-Mediterranean and transpacific sailings for May and June, “in response to lower market demand”, including merging loops on the North Europe and Middle East tradelanes and the suspension of a transpacific string.And the wave after wave of cancelled sailings by the alliances is already starting to impact the containership charter market, as carriers rush to offload as much chartered tonnage as possible.Alphaliner said: “For the charter market, contracting demand will mean a rising number of unemployed vessels, with carriers seeking to redeliver tonnage whenever they can contractually do so, in order to adjust their capacities to the reduced cargo volumes. As a result, charter rates are expected to take a hit, especially in the larger sizes.”After a lengthy period of strong demand for charter tonnage, mainly due to the retrofitting of carrier-owned tonnage with scrubber technology, daily hire rates came off their peak last month, with all sectors falling by around 10%.In particular, ships in the very large sizes of 7,500-11,000 teu proved popular with carriers looking for substitute tonnage, hitting five-year highs and often being flagged as “sold out” by containership brokers.However, the global coronavirus crisis has brought a sudden end to the good times for owners in the sector.“Short-term prospects for this segment appear bleak, with more vessels due to join the unemployment queue, while charter rates are expected to nosedive,” said Alphaliner. By Mike Wackett 08/04/2020 © Eq Roy last_img read more

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MERS behind NK’s decision to snub Gwangju Universiade

first_img MERS behind NK’s decision to snub Gwangju Universiade News US dollar and Chinese reminbi plummet against North Korean won once again RELATED ARTICLESMORE FROM AUTHOR News SHARE North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) Facebook Twittercenter_img AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] News North Korea’s abrupt withdrawal from aninternational sports event hosted by the South is due to fears over the MiddleEast Respiratory Syndrome [MERS] outbreak rather than the opening of a new UNhuman rights field office in Seoul as previously believed, Daily NK haslearned. “I heard from a high-level Party cadre that we pulled out of the Gwangju (Universiade) Games because of MERS,” asource from South Pyongan Province told Daily NK on Tuesday. “The UN humanrights field office was just an excuse; it wasn’t the main reason.” Sources in three other provincescorroborated this news but for their safety Daily NK cannot disclose theirspecific locations.Pyongyang has for long been aware of theopening of the human rights field office, set up in Seoul to investigate humanrights violations by North Korea, she said, noting that “it makes no sense topull out at the last minute because of that.” The actual reason, she explained, stemsfrom concerns–that is, realizations–of a country lacking basic health careinfrastructure–let alone equipment to test for and detect the virus. “If even one person had contracted thevirus and it had entered the country, the thinking was they wouldn’t be able todeal with the aftermath,” she asserted. “The emergency decision was made basedon the fact that they wouldn’t even be able to determine whether someone iscarrying the virus.” Adding to this fear was the possibilitythat leader Kim Jong Un may have to expose himself to athletes carrying thecoronavirus in the event that they win medals, the source said. Athletes whoproduce good results at such global sports events are widely congratulated andused for propaganda to boost public morale. “After the athletes return home, they wouldhave to be used for propaganda in photo ops and other events, but if Kim JongUn was not present, rumors might have spread that he is afraid of something,”the source explained. “Simply put, they were scared of the MERS outbreak, sothey pulled the delegation.” Prioritizing Pyongyang also played heavilyinto this decision, considering that the delegation of athletes would have beendispatched from the capital, which must at all costs be sheltered from any riskof exposure to the disease.   “With the many people they would come incontact with in the South, and the fact that they would compete with athletesfrom other countries, it made them believe there was a risk for contraction,”she added. However, the state informed the athletesthey would not be competing due to “conspiracies by the South,” the sourcesaid. The source drew on an instance from the1990s, when the North spread word that a North Korean soldier who had returnedfrom the South died not so long after, having been “injected in the South witha substance that causes a slow death,” explaining that this time they areclaiming that the South might deliberately spread the disease to North Koreans.Meanwhile, the North had not madepreparations to dispatch its famous cheerleaders. If that had been the case, there would have been mass exercises for practice and ideological trainingsessions, but none were reported, according to the source. NewsEconomy By Daily NK – 2015.07.01 2:55pm Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaderslast_img read more

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CI positions Cambridge for further growth

first_img Toronto-based CI Investments Inc. Wednesday announced today a series of changes at Cambridge Global Asset Management designed to support the team’s continued growth and performance. Cambridge was founded in 2008 with three funds under the leadership of Alan Radlo, chief investment officer. In 2011, CI expanded the team with the addition of Robert Swanson, Brandon Snow, Greg Dean and Stephen Groff. At the time, Cambridge managed $2 billion in assets. Today, the team manages $13 billion, oversees a diverse lineup of funds and operates from offices in Boston and Toronto. Keywords Fund managers,  AppointmentsCompanies CI Investments Inc. NEO, Invesco launch four index PTFs “This growth has been driven by the exceptional results achieved by the Cambridge investment managers and the trust they have earned from tens of thousands of Canadian investors and advisors,” said Derek Green, CI President. “The team is well positioned with an experienced and accomplished leadership working with a talented group of research analysts.” As part of the recent changes, Snow has been named co-chief investment officer alongside Radlo. Since joining in 2011, Snow has been lead portfolio manager of Cambridge Canadian Equity Corporate Class and Cambridge Canadian Growth Companies Fund, and was named co-manager of Cambridge Canadian Asset Allocation Corporate Class in 2012. He has been responsible for institutionalizing Cambridge’s core investment philosophy and building the analyst team to support the growth in assets. Robert Swanson has been named chief market strategist to better reflect his role in providing guidance on macro-economic trends and market and asset allocation strategies to the team. Swanson also oversees the team’s income and equity-income portfolios. He is lead portfolio manager of the Cambridge High Income and Cambridge Global Dividend funds and co-manager of Cambridge Canadian Asset Allocation Corporate Class and Cambridge U.S. Dividend Fund. Greg Dean and Stephen Groff have both been promoted to the position of principal and portfolio manager and assigned additional portfolio management responsibilities. Groff has been named lead portfolio manager of Cambridge U.S. Dividend Fund. He has been co-Lead manager of Cambridge Pure Canadian Equity Fund and co-manager of Cambridge Canadian Growth Companies Fund since 2012. Dean has been named lead portfolio manager of Cambridge Growth Companies Corporate Class, a new fund that focuses on high-growth small and medium-sized companies from around the world. He has been co-lead manager of Cambridge Pure Canadian Equity Fund and co-manager of Cambridge Canadian Growth Companies Fund since 2012. CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with $130 billion in assets. Facebook LinkedIn Twitter IE Staff center_img FSRA appoints new board member Related news Franklin Templeton renames funds with new managers Share this article and your comments with peers on social medialast_img read more

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Finance Minister Calls on Private Sector to Support Efforts to Collect from Tax Evaders

first_imgFacebookTwitterWhatsAppEmail Finance and Planning Minister, Dr. Omar Davies has appealed to the leadership in the private sector as well as civil society, to support the efforts of the administration to collect from persons who have so far managed to evade the tax net.Dr. Davies said while the efforts were not indicative of a “crusade”, as there was acceptance of the “prime responsibility to pursue those outside of the tax net. there was need to get rid of some of the hypocrisy in terms of persons advocating widening the tax net, but seeming to accommodate, in certain instances, outright cheating and avoidance in other instances”.“I am appealing to leadership in the private sector, I am appealing to civil society to join with us, because this drive to collect more has to become part of the normal ethic,” the Minister emphasized, adding that, “the extent to which we don’t collect from those who owe, is the extent to which those who pay feel oppressed and feel that they are carrying too much of the burden, which in fact is so”.Dr. Davies was speaking at a post Budget Debate press conference at the Finance Ministry at Heroes Circle in Kingston, yesterday (April 28).Noting that efforts would also extend to making collections under the arrears programme, which is already in force, Minister Davies said in the meantime, steps were being taken to eliminate the difficulties in the present system, which was a source of frustration to those who were willing to pay.“We are trying to make that easier for them but there are groups which have just not become adjusted to the notion of making that contribution and we are introducing them to the tax system and pursuing them,” the Minister said.Financial Secretary, Collin Bullock, said the collection of the General Consumption Tax (GCT) was one of the areas in which compliance could be improved and would be worked on. “It is known that there are companies which collect GCT and (neglect) to pay over to the government,” he pointed out.“It’s an area where we are in fact working on through our voluntary compliance programme, trying to get the people to increase their remittal of GCT,” the Financial Secretary said, adding that there were other instances of delinquency, some of which “were criminal”, with respect to the collection of the Pay As You Earn (PAYE) taxes and GCT, among others.“There are indications that this has been happening and there are efforts in place to encourage the people to become more current with their payments,” Mr. Bullock said.He emphasized that the revenue collection targets were feasible, given the existing arrears programme and the current collection drive.“There are arrears out there to collect, there are people out there who have not paid taxes for years and we can go after that,” Mr. Bullock said.He said rather than resorting to punishment for offending persons and using the powers of enforcement, ranging from court summons to levy warrants, there was much that could be done under the voluntary compliance programme to increase the tax flow, inclusive of informing persons about the payment process, training of tax auditors and tax collection officers and the use of more efficient systems, including the point of sale system as well as e-payment system.The Financial Secretary informed that the current efforts of tax officers who have been negotiating on a “one on one basis” with delinquent persons, have been bearing fruit.“We are trying to make the system easier for persons to pay taxes and it has been working, but there are arrears out there that we can collect,” he added. Finance Minister Calls on Private Sector to Support Efforts to Collect from Tax Evaders UncategorizedApril 29, 2006 RelatedFinance Minister Calls on Private Sector to Support Efforts to Collect from Tax Evaders RelatedFinance Minister Calls on Private Sector to Support Efforts to Collect from Tax Evaderscenter_img Advertisements RelatedFinance Minister Calls on Private Sector to Support Efforts to Collect from Tax Evaderslast_img read more

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BMW promises 600 kilometres from its next-gen electric cars

first_imgBMW is cold-testing an all-electric version of its X3 sport-utility vehicle, along with two other all-new battery-powered vehicles, which the company claims will be able to go as far as 600 kilometres on a charge.The upcoming BMW iX3, i4 and iNEXT are being tested near the Arctic Circle in Arjeplog, Sweden ahead of their market debuts to see how their batteries and motors perform in extremely cold weather conditions.The iX3 will go on sale next year, while the other two models will be ready for 2021. COMMENTSSHARE YOUR THOUGHTS RELATED TAGSBMWElectricLuxuryElectric VehiclesLuxury VehiclesNew Vehicles Trending in Canada The iNEXT is the self-driving SUV BMW will sell you in 2021 Trending Videos BMW and Porsche just beat Tesla to three-minute chargeThe automaker said it had delivered more than 130,000 fully-electric vehicles and more than 220,000 plug-in hybrids globally up to the end of 2018, and expects to have more than 500,000 electrified vehicles on the road by the end of 2019. It recently showed new plug-in hybrid versions of the 3 Series, 7 Series, X5 and X3 at the Geneva Motor Show in March, and its lineup will include an all-electric Mini by the end of this year. See More Videos PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca center_img Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” The iX3 will have an estimated range of more than 400 kilometres (all numbers based on European test cycles) and can be fast-charged at a DC charging station.It will be the first vehicle to use the fifth generation of BMW’s eDrive technology, which integrates the electric motor, transmission and power electronics to reduce costs.For the first time, China will manufacture a BMW vehicle for all global markets. The iX3 will be built by the BMW Brilliance Automotive Joint Venture at its factory in Shenyang.The i4, which BMW calls a “four-door coupe,” will have a range of up to 600 kilometres on a charge. It’s expected to reach zero to 100 km/h in four seconds and reach a top speed of more than 200 km/h, but will offset its sporty performance with a comfortable ride. It will be built in BMW’s plant in Munich.The iNEXT, a larger sport-utility vehicle, will also travel 600 kilometres on a charge, but is equipped with connectivity and technology features for Level 3 automated driving. At this level, a vehicle still needs a driver who is paying attention and able to take over when necessary, but it may be able to navigate highway on- and off-ramps, or handle city traffic by itself in certain conditions.BMW calls the iNEXT its “new technology flagship” and will build it at its Dingolfing plant in Germany.RELATED We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Including the three new models being tested, the company will have five all-electric models on the market by 2021, and expects to have at least twelve by 2025. Thanks to flexible vehicle architecture and global production systems, BMW will be able to build models with all-electric, hybrid, and conventional internal-combustion drivelines on one production line. advertisement The Rolls-Royce Boat Tail may be the most expensive new car ever ‹ Previous Next ›last_img read more

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Brian Carter Shares the Highlights of Our 2020 Harvest

first_imgEmail Pinterest Twitter Share TAGSBrian Carter Cellars Home Industry News Releases Brian Carter Shares the Highlights of Our 2020 HarvestIndustry News ReleasesWine BusinessBrian Carter Shares the Highlights of Our 2020 HarvestBy Press Release – December 7, 2020 125 0 Linkedin AdvertisementDecember 7th – Time to take a deep breath (hard to do with this mask on), relax a bit and assess the harvest 2020. Harvest time is inspirational and exhausting all in one big two-month mind and body expanding package.  Actually, it is hard to separate out exactly what harvest means; it always seems like the rest of the year is either a big lead up to harvest or dealing with the results of the harvest. From inspecting the vineyards and working with growers to trying to make the best grapes possible, to cleaning the grape bins and tanks, to running analysis on the wines, racking, topping and finally bottling, it is one continuous cycle of winemaking that never seems to stop. Indeed, since we now have wines in the barrel from both 2019 and 2020 vintages (and even some 2018 Solesce and 2014 Opulento), multiple vintages are pulling the winemakers in many directions at a given time. OK, OK, let’s focus on what happened this year the grapes were coming in the door.We had a good one, no major hic-ups, no one was injured, no serious breakdowns in equipment, the crew was excellent and overall things went smoothly.  And, by the way, we made some really good wine!  Harvest started a little ahead of schedule with Syrah and Tempranillo from the warm site of Stone Tree coming off on the 3rd of September. That was well before Labor Day which was late this year on the 7th, so no extended summer vacations for the harvest team. From there, grapes came in steadily until October 24th when the last of the Sangiovese was plucked from Solstice Vineyard, just as a big freeze was arriving in the state, pushing all the winemakers to finish up. Overall quantity was down, partly because we cut back a bit this year but also because the crop was smaller than normal.  In the end, we brought in 106 tons of grapes, just over half of which was for Brian Carter Cellars and the balance was used for our custom-crush clients. Reducing the harvest down turned out to be a good policy, in part because we were not able to crush as large a quantity of grapes per day as we normally do. This is because we had to ‘social distance’ on the ‘JACK’ picking line. We used plastic screens to separate the crew which meant there just was not enough space to have as many personnel and, as a result we had to run more slowly and crush less tons per day.Fortunately, there never seemed to be a big rush, things got ripe in an orderly fashion and I was able to keep on top of my trips to the vineyard, walking the rows, tasting the grapes, bringing back samples for analysis and making keen decisions on when to harvest. Overall conditions in the vineyard were pretty optimal this year, with very few really high temperatures that could have caused much sunburn or burned up acidity, but with plenty of heat units for the size of the crop, allowing everything to ripen up on schedule. These more moderate temperatures optimized both fruit character in all the grapes and color in the red grapes. The resulting wines have plenty to offer. Some really good varietal characters, excellent balance, and dark colors in the reds. Of course, we are still assessing the quality, but the whites and the rosé wines are particularly exciting along with Tempranillo.We just started the first post-malolactic rackings. With some luck we will have them done by the end of the year which is always a great head-start. Then it will be time to start getting Oriana and Abracadabra Rosé ready for bottling. Then there is my favorite time of the year when I get to start blending the 2020 wines. The cycle continues…Drink some great wines this season. Stay Safe.  Hope to see you soon.About Brian Carter CellarsAs a renowned Washington winemaker with over 41 vintages of experience and notable quality, Brian Carter has created a unique collection of wines combining the very best Washington State fruit with the classic elegance and tradition of European-styled blended wines. From enjoying the unique artwork on the label to savoring that last sip, the wines of Brian Carter Cellars complement your special occasions, family gatherings, and life’s moments, big and small. For more information, please visit www.briancartercellars.comAdvertisement Facebook ReddIt Previous articleTurning the Tables on James MelendezNext articleEdna Valley’s Center of Effort Wines Appoints Lindsey Morin as Assistant Hospitality Manager to Further Elevate Coe’s Guest Experience Press Releaselast_img read more

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