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F&C left reeling by fresh cash outflows

first_img F&C left reeling by fresh cash outflows whatsapp Show Comments ▼ SHAREHOLDERS in F&C Asset Management are watching for a move by activist investor Edward Bramson after the company released a nightmarish set of interim results.Shares in F&C tumbled six per cent to 58p yesterday after the fund manager cut its dividend in half to 1p in an effort to eliminate its net debt by 2014. F&C suffered £2.5bn net outflows of client cash in the six months to 30 June. Although underlying pre-tax profit doubled to £12.4m, as customers bought more high-margin products, the firm’s loss after tax widened from £8.7m to £19.5m.F&C is expected to meet in the next few weeks with Bramson, who has built up an 11 per cent stake through Sherborne, his turnaround vehicle. KCS-content Share Tags: NULL,Thursday 26 August 2010 8:43 pm F&C left reeling by fresh cash outflows whatsapp KCS-content whatsapp Share Thursday 26 August 2010 8:43 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPuffer fish snaps a selfie with lucky divernypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com SHAREHOLDERS in F&C Asset Management are watching for a move by activist investor Edward Bramson after the company released a nightmarish set of interim results.Shares in F&C tumbled six per cent to 58p yesterday after the fund manager cut its dividend in half to 1p in an effort to eliminate its net debt by 2014. F&C suffered £2.5bn net outflows of client cash in the six months to 30 June. Although underlying pre-tax profit doubled to £12.4m, as customers bought more high-margin products, the firm’s loss after tax widened from £8.7m to £19.5m.F&C is expected to meet in the next few weeks with Bramson, who has built up an 11 per cent stake through Sherborne, his turnaround vehicle. whatsapp Tags: NULLlast_img read more

Kenya Commercial Bank Limited (KCB.tz) 2012 Annual Report

first_imgKenya Commercial Bank Limited (KCB.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2012 annual report.For more information about Kenya Commercial Bank Limited (KCB.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank Limited (KCB.tz) company page on AfricanFinancials.Document: Kenya Commercial Bank Limited (KCB.tz)  2012 annual report.Company ProfileKenya Commercial Bank Limited is a leading financial institution in Tanzania offering retail and corporate banking services as well as mortgages, treasury and Bancassurance services. Kenya Commercial Bank offers financial solutions ranging from current accounts, overdrafts and loans to fixed and short-term deposits, mortgage finance, trade finance and forex, and business investment accounts. The banking institution participates in investments in Treasury Bills and Bonds with the central banks. Wholly-owned subsidiaries in the banking group include Kenya Commercial Finance Company Limited, Savings & Loan Kenya Limited, Kenya Commercial Bank Nominees Limited, Kencom House Limited, KCB Tanzania Limited, KCB Sudan Limited, KCB Rwanda SA and KCB Uganda Limited. Kenya Commercial Bank Limited is listed on the Dar es Salaam Stock Exchange.last_img read more

Zambia Bata Shoe Company Plc 2013 Annual Report

first_imgZambia Bata Shoe Company Plc (BATA.zm) listed on the Lusaka Securities Exchange under the Retail sector has released it’s 2013 annual report.For more information about Zambia Bata Shoe Company Plc (BATA.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Zambia Bata Shoe Company Plc (BATA.zm) company page on AfricanFinancials.Document: Zambia Bata Shoe Company Plc (BATA.zm)  2013 annual report.Company ProfileZambia Bata Shoe Company plc. manufactures and markets a wide range of smart and casual footwear and other leather and plastic products for the fashion sector in Zambia. Products in its accessories range include handbags and belts. The footwear company operates in three markets: retail, wholesale and export. The company has a national footprint with 50 modern stores located in the major towns and cities of Zambia. In addition to its own Bata brand, the company is an agent for popular shoe brands such as Marie Claire, Makuba, Toughies, Power, Tommy Takkies, North Star and Bubble Gummers. Zambia Bata Shoe Company was established in 1937 and is a subsidiary of Bafin (Nederland) BV. Zambia Bata Shoe Company is listed on the Lusaka Securities Exchangelast_img read more

Redstar Express Plc (REDSTA.ng) Q32015 Interim Report

first_imgRedstar Express Plc (REDSTA.ng) listed on the Nigerian Stock Exchange under the Transport sector has released it’s 2015 interim results for the third quarter.For more information about Redstar Express Plc (REDSTA.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Redstar Express Plc (REDSTA.ng) company page on AfricanFinancials.Document: Redstar Express Plc (REDSTA.ng)  2015 interim results for the third quarter.Company ProfileRedstar Express Plc offers an air express service in Nigeria and provides transportation, warehousing and supply chain management services. Its services encompass international and domestic express delivery, freight forwarding, integrated logistics solutions, information and document management solutions, warehousing and e-commerce solutions. Domestic products include Red Star Express Domestic services for same day, priority and package collections. Domestic direct distribution streamlines the movement of shipments from the manufacturer to multiple end users; customer and address verifications services offer a streamlined express service for financial institutions and large corporations; bulk mail services are designed to move bulk items such as annual reports, share offer forms, share certificates, customer invoices and direct mail; special project services include product sampling, delivery and retrieval of promotional items. International products include a point-to-point delivery service, international inbound collections and direct distribution. Value added services include online tracking, signature proof of delivery, insurance, customs clearance, packaging and desktop software shipping solutions. Redstar Express Plc’s head office is in Lagos, Nigeria. Redstar Express Plc is listed on the Nigerian Stock Exchangelast_img read more

Austin: ‘Justice 4 Mike Ramos!’

first_imgAustin, TexasThe Austin Police Department carried out an extrajudicial killing of 42-year-old Michael Brent Ramos, known as “Mike,” on April 24.  Local media reported that the APD was responding to a call about two people, allegedly in possession of a gun, doing drugs in a parked car.Banner drops on April 27 demand justice for Mike Ramos.According to local witnesses, police responded by surrounding the vehicle, blocking the exit from an apartment complex parking lot as well as a nearby intersection. What followed was captured by numerous cell phone cameras and uploaded to various social media pages.A video showed the police drawing their weapons and ordering Mike Ramos out of the car. As he steps out with his hands in the air, his waistline is exposed. None of the video angles show a weapon. The cops order Ramos to step toward them. In one video he can be heard saying that he is afraid of what might happen if he does.That’s when a pig who just graduated from the academy three months ago fires a bean bag from his shotgun, hitting Ramos in the chest. Ramos falls to the ground and scrambles to get inside his vehicle.  He pulls the door closed and begins to drive away. The videos show that his vehicle never went in the direction of the police.The rookie’s partner, a five-year APD veteran, fired three rounds at Ramos, causing him to crash into a car parked nearby. Ramos later died in the hospital.Top pig Chief Brian Manley, whose police force has been widely criticized for an internal culture of racism that intimidates anyone who speaks out, stated no weapon was found on Mike Ramos. His tragic death has left his mother, Brenda Ramos, without her only son. She has since started a gofundme.com fundraiser at “Justice for Mike Ramos.”Local residents, enraged by the killing, risked personal safety to protest outside that same night. Then a follow-up protest was held on Saturday night, April 25, with many calling the APD murderers and racists.The Austin Justice Coalition, a local police reform and justice advocacy group, wrote a letter addressed to the City Council, mayor and city manager demanding the removal of Police Chief Manley, Chief of Staff Troy Gay and Assistant City Manager Rey Arellano. It demanded an independent investigation of the shooting and a delay to a scheduled June police academy class to implement training reforms.The letter detailed the APD’s history of racism and its refusal to respond to demands made by both the people of Austin and its City Council. It was signed by nearly 40 different local organizations, including the newly formed Central Texas Workers Alliance (fb.me/centraltexasworkers) and the Texas branch of Workers World Party (fb.me/workersworldtexas).That evening, as people who were forced to work during the COVID-19 pandemic drove to their homes, a series of four banners were dropped at several highway overpasses. They called for justice for Mike Ramos and a general strike as well as a rent strike on May 1.The slogans read: “May Day general strike/No blood for the Dow,” “May Day general strike/No work, no rent,” “Rent strike May 1st/ Justice for Mike Ramos” and “Justice 4 Mike Ramos.”Texas Gov. Greg Abbott plans to continue allowing businesses to open, despite the advice of experts and the general support among workers for social distancing and economic shutdown. With the police killing of Mike Ramos on top of this health disaster, workers in Austin are finding themselves with no choice but to fight back.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Legislation To Approve Electronic Notarization

first_img  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Are Things Looking Up for Housing in 2019? Next: Michael Barrett Joins Transformational Mortgage Solutions Tagged with: Documentation electronic recording eNotary esigning Governemnt Legislation Ohio OLTA Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago About Author: Gail C. Hersh, Jr. Editor’s note: This feature originally appeared in the January issue of DS News.On December 13, 2018, Ohio’s Legislature passed Substitute Senate Bill 263, the Notary Public Modernization Act, after the Senate approved the House’s amendments. The legislation, which is pending the governor’s signature, will take effect one year from enactment.The law addresses several issues regarding notary publics, including those involving electronic and online notarization. It also includes benefits for those engaged in electronic real estate transactions.The law’s online notarization provisions bring Ohio in step with advancing legislation in the majority of states and mimic other legislation vetted by the banking and title insurance industries. A large portion of the law deals with centralizing all notary commissions with the secretary of state. Those duties were previously distributed among dozens of county offices and bar associations. Lastly, the law harmonizes electronic notarization with Ohio’s other electronic signature laws.The process for remote electronic notarization will generally follow current industry practices, including visual verification of both the person and credentials, as well as an oral administration of the oath or statements of acknowledgment. What’s new are electronic signatures and the ability to use a secure, quality, audio-visual connection.While current laws don’t preclude recording electronically signed documents, it’s important to overcome the resistance of county officials by making it as clear and easy as possible for them to accept digital documents. This will facilitate adoption and help make handling electronically executed documents the norm.To that end, as chair of the Ohio Land Title Association’s (OLTA) Government Affairs Committee, I proposed amending the bill to include a “papering out” process for offices that don’t yet permit electronic documents to transfer real property. Even for counties with electronic recording, some of the offices for auditors and engineers aren’t set up for processing electronically submitted transactions. The law passed without this amendment, so addressing the issue will likely need to be done by amendment as part of the budget legislation or through the secretary of state’s rulemaking powers encompassed by the new law.The “papering out” process would require county offices involved in approving real estate transactions to accept a copy of an electronically executed document that contains an attached form certifying the authenticity of the document. A suggested form is included in the proposed amendment and generally mimics the certification made by the submitter during electronic recording. The submitter certifies that the copy of the electronic original document is “true, exact, complete and unaltered.”This process differs from that suggested in the Mortgage Bankers Association (MBA) and the American Land Title Association’s (ALTA) model legislation for remote online notarization. The MBA/ALTA model would require that title agents have a notary public on staff (and likely on location) who also must have access to the electronic original, or that the notary performing a remote notarization could certify the records. By contrast, the OLTA proposal doesn’t limit the person certifying the document to the notary performing the electronic notarization or to any other notary at all. OLTA’s proposal also avoids the potential conflict with the new law’s provision that prohibits a notary from certifying a document as an original or a true copy of another record (Sec. 147.141(5)).The bill passed the Senate on June 6, 2018, and is currently under review with the Government Accountability and Oversight Committee of the House. The bill was recently revised by the House and a substitute bill is under consideration. If the bill is passed, the changes will take effect one year after its effective date.OLTA’s proposal also accounts for the potential need for a title agent to access an original electronic document later. This is useful if the document is lost in transit or needs to be recorded in multiple jurisdictions, and provides for additional certifications as needed at any time. Requiring that certification be made only by the notary who performed the closing would be more time-consuming and probably cost more.In response, the Ohio Recorders’ Association prepared an amendment that was considered by the House. It proposed merely accepting a copy of the electronic document as long as it bears a notary execution that’s consistent with online notarization. There are signs the industry may prefer OLTA’s proposal, though. Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News, Print Features Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Legislation To Approve Electronic Notarization Documentation electronic recording eNotary esigning Governemnt Legislation Ohio OLTA 2019-01-24 Radhika Ojhacenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Legislation To Approve Electronic Notarization Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago January 24, 2019 2,542 Views Servicers Navigate the Post-Pandemic World 2 days ago Gail C. Hersh, Jr. has practiced in the areas of real estate title and insurance, real estate litigation, residential and commercial foreclosures, creditors’ rights, and bankruptcy for over 25 years. Currently, Hersh serves as the president of Allodial Title LLC. Subscribelast_img read more

Delhi Riots : High Court Vacates Stay On Trial Of ‘Larger Conspiracy’ Case Under UAPA

first_imgNews UpdatesDelhi Riots : High Court Vacates Stay On Trial Of ‘Larger Conspiracy’ Case Under UAPA Shreya Agarwal24 March 2021 7:48 AMShare This – xIn view of the Delhi government’s submission that the accused in the case are at liberty to collect a complete hard copy of the filed chargesheet from the trial court on Mar 25, the Delhi High Court today vacated its stay on the trial of the case. The Court had earlier stayed the trial in the case under the Unlawful Activities (Prevention) Act, upon the prosecution’s appeal against a trial…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIn view of the Delhi government’s submission that the accused in the case are at liberty to collect a complete hard copy of the filed chargesheet from the trial court on Mar 25, the Delhi High Court today vacated its stay on the trial of the case. The Court had earlier stayed the trial in the case under the Unlawful Activities (Prevention) Act, upon the prosecution’s appeal against a trial court order which had directed for hard copy of the charge sheet to be supplied to all the accused.In light of the state’s withdrawal of its objection to the supply of charge sheet, the single judge bench of Justice Suresh Kait today said, “…no further order is required to be passed and the same is, accordingly, disposed of with pending application. Accordingly, interim order is vacated.”The Delhi Police had earlier opposed supply of hard copies of the chargesheet on the ground that it ran into thousands of pages with twenty-three volumes.The case pertains to an alleged conspiracy that led to rioting in the north-east areas of the national capital in Feb last year – with the accused persons in the case including JNU students, Pinjra Tod activists, and AAP MLA Tahir Hussain. The accused persons are Umar Khalid, Sharjeel Imam, Abdul Khalid Saifi, Asif Iqbal Tanha, Ishrat Jahan, Safoora Zargar, Natasha Narwal, Devangana Kalita.While the first chargesheet in the case, alleges commission of offences under Section 120 B of the Indian Penal Code read with Sections 13, 16, 17, 18 of the Unlawful Activities (Prevention) Act [UAPA]; and Sections 124A, 153A, 302, 307, 109, 114, 147, 148, 149, 186, 353, 395, 201, 341, 212, 295, 427, 435, 436, 452, 454, 341, 420, 468, 471, 34 IPC; as well as Sections 25 and 27 of the Arms Act and Sections 3 and 4 of the Prevention of Damage to Public Property Act, 1984, a second charge sheet was filed against Umar Khalid and Sharjeel Imam. All the accused except Safoora and Faizan are presently in judicial custody.Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Plasma prolactin during the breeding season in adult and immature macaroni (Eudyptes chrysolophus) and gentoo (Pygoscelis papua) penguins

first_imgPlasma prolactin levels were measured in free-living breeding adult and immature (prebreeding) macaroni (Eudyptes chrysolophus) and gentoo (Pygoscelis papua) penguins at Bird Island, South Georgia (54°S, 38°W). Macaroni and gentoo penguins first breed at 5-6 and 2 years of age, respectively. In adult birds, of both species, prolactin was low (<1.0 μg.liter-1) during the courtship period and then increased during early (gentoo) to mid (macaroni) incubation (to 3.9-4.7 and 2.4-3.5 μg.liter-1, respectively), remaining elevated until the creche period, by which time continuous nest attendance by the adults had ceased. This pattern is similar to that seen in other altricial species and is consistent with delayed onset of brood patch development and full incubation efficiency, which has been previously reported in penguins. Adult female macaroni penguins showed a marked, but transient, increase in prolactin concentrations within 24 hr of the first egg being laid (from 1.7 to 7.0 μg.liter-1), plasma levels decreasing following clutch completion (to prelaying levels) before increasing again during incubation. Elevated plasma prolactin levels occurred in all age classes of immature (nonbreeding) birds in both macaroni (1- to 5 year-olds) and gentoo (1-year-olds) penguins. However, compared to that in adult birds, the increase in prolactin was more transient in immatures, a smaller proportion of immatures had detectable prolactin levels at each stage of the breeding cycle, and, at least in 1- and 2-year-olds, absolute levels of prolactin were lower. It is suggested that variation in the pattern of prolactin secretion in immature birds represents real, age-related or species-related differences and does not simply reflect differences in the previous photoperiodic environment experienced. The physiological significance of prolactin secretion in immature (nonbreeding) birds remains unknown, but it may simply reflect the existence of a photoperiodically driven prolactin release system which does not become physiologically important until the bird becomes sexually mature and breeds.last_img read more

Mitchell, Gobert, Snyder Up For NBA Awards

first_imgMay 17, 2018 /Sports News – Local Mitchell, Gobert, Snyder Up For NBA Awards Robert Lovell Written by FacebookTwitterLinkedInEmail(Salt Lake City, UT)  —  Utah Jazz standouts Donovan Mitchell and Rudy Gobert as well as head coach Quin Snyder are each finalists for NBA awards.Mitchell is one of three players in the running for Rookie of the Year, while Gobert is a finalist for Defensive Player of the Year.  Snyder is a finalist for Coach of the Year.Mitchell is up against 76ers guard Ben Simmons and Celtics forward Jayson Tatum.Other finalists for Defensive Player of the Year include 76ers center Joel Embiid and Pelicans center Anthony Davis.Boston’s Brad Stevens and former Toronto coach Dwane Casey are also in the running for Coach of the Year. Tags: Coach of the Year/Defensive Player of the Year/Donovan Mitchell/Quin Snyder/Rookie of the Year/Rudy Gobert/Utah Jazzlast_img read more

Dixie State Football Visits Fort Lewis Saturday

first_img Tags: Alex Lilliard/Anthony Yarbrough/Darrian Stickney/Dixie State Football/Fort Lewis/Jalen Powell/Jeff Hansen/Keaton Mott/Kody Wilstead/NCAA Division II/Sei-J Lauago/Tim Paogofie FacebookTwitterLinkedInEmailDURANGO, Colo.-Saturday, Dixie State football (0-1) visits Fort Lewis at Durango, Colo. for their first road game of the young season.The Trailblazers, who are advancing to NCAA Division I FCS next season, will try to break an 0-13 streak in their NCAA Division II history of losing their road openers.Saturday’s match-up is the fifth all-time on the gridiron between the Trailblazers and Skyhawks.Dixie State currently leads this series 3-1.Because of persistent lightning in the Las Vegas, N.M. area last Saturday, Fort Lewis was awarded a 7-0 win over New Mexico Highlands as they led the Cowboys 7-0 in the 2nd Quarter when the game was ultimately canceled.The Trailblazers are tied for 145th in Division II in scoring offense with several other teams, at 7 points per game. In scoring defense, Dixie State ranks 115th nationally with the 36 points they surrendered to Colorado State-Pueblo.Dixie State, through one week, is led by redshirt sophomore signal-caller Kody Wilstead who went 7-12 (58.3 percent) for 39 yards and an interception Saturday. Also, junior quarterback Keaton Mott threw for 112 yards and a score, while completing a woeful 47.6 percent of his passes (10-21).Senior tailback Sei-J Lauago was limited to 29 yards on 10 carries, or a meager 2.9 yards per tote against the Thunderwolves.Junior receiver Jalen Powell had 8 grabs for 65 yards to serve as Dixie State’s offensive leader against Colorado State-Pueblo.Defensively for Dixie State, senior defensive back Alex Lilliard had 1.5 sacks against the Thunderwolves and redshirt sophomore defensive lineman Anthony Yarbrough had a forced fumble in the game.For the Skyhawks, redshirt sophomore tailback Jeff Hansen ran for 15 yards and a score on seven carries against the Cowboys for the only score of the game.Senior defensive lineman Tim Paogofie was stellar for Fort Lewis as he posted two sacks and senior linebacker Darrian Stickney added an interception for the Skyhawks in the win. Written by Brad James September 12, 2019 /Sports News – Local Dixie State Football Visits Fort Lewis Saturdaylast_img read more