Nationwide profits fall as it warns IT investment will continue to weigh down earnings

first_img 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.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPuffer fish snaps a selfie with lucky divernypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerTheFashionBallThe Most Beautiful Women In SportsTheFashionBallGadgetheory39 Of The Most Beautiful Women In HistoryGadgetheory Meanwhile one in five current account switchers moved to Nationwide, according to an Ipsos Mori survey, as the bank grew its number of current accounts five per cent to 7.7m.What Nationwide saidChief executive Joe Garner said: “In September we took the conscious decision to increase significantly our investment in the society in the full knowledge that it would impact profitability in the short-to medium-term but would be of long-term benefit to our members.Read more: Societe Generale to cut €500m from investment bank despite profits boost“This investment is to ensure we can continue to meet our members’ changing needs in an increasingly digital future. At the same time, consistent with member feedback, we remain committed to and are investing in our presence on the high street.“Looking ahead to the fourth quarter, as consumers continue to benefit from considerable choice, we intend to remain competitive and thus expect that lending margins will continue to moderate. We are confident that the Society’s financial strength means we can continue to support members, as we have always done.”More to follow. Profits fell in Nationwide’s third quarter as the building society was hit by a £167m write-off charge as well as an ongoing technology investment, it revealed today, warning profit pressure will remain in the fourth quarter.The figuresPre-tax profits dropped a staggering 20 per cent year on year to £703m for the last three months of 2018, compared to the same period the year before, when profit stood at £886m. Read more: UK house price growth falls to six-year lowUnderlying profit slipped to just £691m from £880m in 2017.The co-operative blamed a £167m asset write-off as well as its drive to replace its IT stack, but said the results were in line with guidance issued last September.However, net mortgage lending grew 36 per cent to £6.1bn between April and December 2018, despite Nationwide’s own dour outlook for the UK housing market, as it helped 59,400 first-time buyers buy their first home.Member deposits also grew by £5.9bn over the nine-month period as Nationwide upped its market share by 0.1 per cent to 10.1 per cent, crediting the increase to the popularity of its Loyalty ISAs and Single Access products. Nationwide profits fall as it warns IT investment will continue to weigh down earnings Share Joe Curtis Tags: Nationwide whatsapp Friday 8 February 2019 7:44 am whatsapplast_img read more

News / Container no-show and cancellation fees ‘a potential nightmare’ for intermediaries

first_img Freight forwarders have been warned that the recent trend by shipping lines to impose container no-show and booking cancellation fees could leave intermediaries exposed to “accounting nightmares”.In recent months, ocean carriers have begun to tackle the problem of cargo no shows/late cancellations and applied a variety of fees, and the wording of their conditions are crucial to forwarders.The fee is levied on the party that made the booking, rather than the beneficial cargo owner, notes online freight forwarder iContainers, which suggests forwarders draw up new policies with shippers that cancel shipments at the last minute.Vice president of sales and operations of iContainers Klaus Lysdal said: “For freight forwarders and NVOCCs [non-vessel operating common carriers], these fees could become a much bigger challenge, as we do not necessarily control the cargo we are booking and often have no control over a client cancelling at the last minute.“The OTI [ocean transport intermediary] community will have to prepare itself. OTIs should consider implementing policies to prevent potential accounting nightmares that could leave them stuck with cancellation charges.”Like the European Shippers Council, Mr Lysdale partly welcomed the carriers’ initiative and suggested that, with the concentration of carriers into three main alliances as well as the recent round of consolidation in the industry, lines were now in stronger position to penalise no-shows.“The no-shows fine is a step in the right direction from the carriers. Certainly, from their perspective, it’s strange that they have never been able to implement charges like these in the past. But now there are fewer carriers to choose from, the chances of these fees sticking around have greatly increased.”However, he suggests that if carriers are unable to collect penalties, and the initiative does not lead to any significant decline in no-shows, carriers might have to change their strategy.“If this fails to work again, the next step in the process may be to follow the airlines and demand payment at the time of booking. This would certainly ease the burden on the carriers’ planning.“But it would also increase the demand for them to deliver in terms of space and equipment, and quite possibly increase sailing schedule integrity and dependability,” he said. By Gavin van Marle 20/06/2017 © Diego Vito Cervo | Dreamstime.com – Business man with shipping containerslast_img read more

Woman refuses to identify herself, resulting in arrest

first_imgHomeNewsCrimeWoman refuses to identify herself, resulting in arrest Jul. 17, 2017 at 6:00 amCrimeWoman refuses to identify herself, resulting in arresteditor4 years agodaily press crime watchpolicePolice DepartmentSanta Monicasanta monica crime watchsanta monica daily pressSanta Monica Police Departmentsmdp On July 6, 2017 at about 2:07 p.m.Officers responded to a radio call for service in the alley rear of 1640 9th Street regarding two subjects camped out to the rear of the location. Officers located both subjects to the rear of the location. Officers attempted to identify both subjects. Officers were unable to identify a female subject that had provided a variety of names. The subject was taken into custody for providing a false name. The subject was positively identified after completing the booking process.Anne Clarke, 35, homeless was arrested and later issues a citation for false identification to a police officer.Crime Watch is culled from reports provided by the Santa Monica Police Department. These are arrests only. All parties are innocent until proven guilty in a court of law.Tags :daily press crime watchpolicePolice DepartmentSanta Monicasanta monica crime watchsanta monica daily pressSanta Monica Police Departmentsmdpshare on Facebookshare on Twitteradd a commentHack The Beach opens 2017 contestRestaurant residency established at O.P. CaféYou Might Also LikeCrimeCRIME WATCHNewsCrime WatchGuest Author3 days agoCrimeFeaturedKnife-wielding woman arrested during L.A. Councilman’s speechGuest Author4 days agoCrimeCRIME WATCHNewsCrime WatchGuest Author7 days agoCrimeFeaturedHomeless man loses an eye to BB gun assaultGuest Author1 week agoCrimeCRIME WATCHNewsCrime WatchGuest Author1 week agoCrimeFeaturedNewsDUI & Possession of a Rifle ArrestsGuest Author1 week agolast_img read more

SmarTone chief slams spectrum fees as 5G trials begin

first_imgHome SmarTone chief slams spectrum fees as 5G trials begin Former Ericsson employees charged in bribery case Joseph Waring Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more Author Related Previous ArticleSamsung warns of profit shortfallNext ArticleSamsung details Galaxy Fold Euro release AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 26 MAR 2019 center_img SmarTone, the fourth-largest mobile operator in Hong Kong, announced it is conducting separate 5G field trials on the 3.5GHz and 28GHz bands to study the different radio characteristics and fine tune network planning for an upcoming deployment.Using commercial 5G radio equipment supplied by Ericsson, the tests use 100MHz on the 3.5GHz band and 800MHz on the 28GHz band to achieve peak speeds of 1.5Gb/s and 5.8Gb/s respectively.The company is targeting launching 5G services sometime in 2020, in line with government plans to release 3.5GHz spectrum, but wouldn’t be more specific on timing, noting it depends on the overall ecosystem, most notably handset availability.In terms of the release of 5G spectrum, SmarTone CEO Anna Yip said during a press conference the company is okay with the government’s timing, but is concerned about the reserve price of the 3.5GHz band, which will be auctioned in Q3 2020.“It’s extraordinarily expensive, and we urge the government to review…We have many other things to invest in beside spectrum,” she said.Stephen Chau, CTO of SmarTone, estimates 5G coverage of at least 30 per cent at launch, with the next-generation network only matching its 4G footprint after two- to three-years.He said the tests show 28GHz signals are sensitive to obstacles similar to Wi-Fi access points and significantly affected by environmental conditions such as rain.Last week SmarTone, HKT and China Mobile Hong Kong were each assigned 400MHz of spectrum in the 26GHz and 28GHz bands by the Office of the Communications Authority. Subscribe to our daily newsletter Back Mobile Mix: Buzzing for Barcelona Telkomsel turns on 5G in major cities Asia Tags 3.5GHz5GEricssonSmarTonelast_img read more

Man in serious condition in hospital following early morning assault

first_img Previous articleFamily of missing Sean ‘Smurf’ Diver thank community for ‘fantastic’ supportNext articleKildare Nursing Home trying to contact family of Coleraine born sailor News Highland Pinterest Google+ Google+ 75 positive cases of Covid confirmed in North 365 additional cases of Covid-19 in Republic Man in serious condition in hospital following early morning assault By News Highland – February 1, 2016 Pinterest WhatsApp Twitter Homepage BannerNewscenter_img WhatsApp Facebook Main Evening News, Sport and Obituaries Tuesday May 25th Pregnant women can receive Covid vaccine at LYIT’s vaccination centre RELATED ARTICLESMORE FROM AUTHOR Twitter A man is in a serious condition in hospital following an early morning alleged assault in Derry.The incident happened in the Waterside area of Derry in the early hours of this morning and two men have subsequently been arrested in relation to the assault.The incident which occurred at Margaret Street, just off Spencer Road was first reported to police at approximately 5am this morning.A man believed to be 27 was taken to hospital with a head injury – his condition has been described as serious.Two men aged 37 and 31 have been arrested on suspicion of grievous bodily harm and are assisting police with their inquiries.The scene is currently cordoned off by police.Anyone who witnessed anything about this incident is asked to call the non – emergency number 101, or Crimestoppers anonymously on 0800 555 111. Facebook Gardai continue to investigate Kilmacrennan fire Further drop in people receiving PUP in Donegal last_img read more

Willie Mc Keeney’s killers will serve at least 16 years

first_img Disruption to cancer service will increase mortality – Oncologist Two men who beat Donegal native William Mc Keeney to death in January have begun life sentences.Asif Rehman and Adel Ishaq, both aged 20 were given life sentences, and will serve at least 16 years for killing labourer William McKeeney after attacking him in the street close to his Pollockshiels homePassing sentence, Lord Uist told the two men “It is a shocking indictment of the state of our society that an innocent man should be murdered in a public street, outside his own home, in this manner.Rehman and Ishaq, both 20, have records of violence.Gordon Jackson QC, for Rehman, told the court the assault had not been planned. “It was a spontaneous and very horrible act that happened for no good reason.” Derek Ogg QC, said Ishaq was remorseful and said no weapon had been involved. Lord Uist retorted: “A shod foot was the weapon.”Sentencing the killers, Lord Uist said: “You walked away, leaving him lying in the roadway in a critical condition and callously did nothing to help him.” By News Highland – November 12, 2012 Twitter Twitter Previous articleNew republican group calling itself “The IRA” claims Black murderNext articleNo justification for prison officer’s murder News Highland Hospitalisations rise as Donnelly suggests masks will stay ’til autumn Pinterest RELATED ARTICLESMORE FROM AUTHOR Facebook WhatsApp Pinterestcenter_img Donegal hoteliers enjoy morale boost as bookings increase WhatsApp Google+ News Today is the 30th anniversary of Eddie Fullerton’s murder Willie Mc Keeney’s killers will serve at least 16 years Facebook Google+ 45 new social homes to be built in Dungloe Consultation launched on proposal to limit HGV traffic in Cladylast_img read more

News / Maersk gets thumbs-up from financial analysts, even without the 2M benefits

first_imgIt said: “We expect Maersk Line profit to accelerate in H2 14, driven by seasonal volume benefits and incremental cost savings following delivery of the twelfth Triple-E vessel last week, which enabled the AE10 service to be fully fitted out with these ships, enabling a step change for unit costs.”As a result, the analyst has raised its estimate this year for Maersk Line to a NOPAT of $2bn and for 2015 to $2.4bn.Rather conservatively however, given that the 2M is slated to commence early next year, it is only for the 2016 fiscal year that it includes a contribution from 2M savings.Meanwhile, Drewry’s Equity Research investor note on APMM has also revised its estimate on the group’s profitability in line with the company’s $4.5bn outlook and raised its share price value significantly.Like Macquarie, Drewry focuses on Maersk Line as the main driver of the group’s success. It says that the carrier will be the “key beneficiary as growth in global trade volume regains momentum and freight rates recover year-on-year”.Noting that “cost optimisation has driven profitability”, Drewry says that the major cost savings programme initiated at Maersk Line in early 2012, following a $500m loss the previous year, was the beginning of the reversal in the container line’s fortunes.It said: “Costs continued to move southwards in Q2 14 when profits increased 25% year-on-year to $547m on a 4.4% reduction in unit costs… bunker consumption was down 7.2% in the quarter because of slow steaming and the introduction of giant Triple-E vessels that consume 15% less fuel than older ships.”And with an EBIT margin at more than 5% above the industry average Drewry says this all points “to a very good year for Maersk”.Nevertheless, the analyst has a mixed view on APMM’s $1bn share buy-back programme, despite the positive response from the market, saying that the excess cash could have been used to retire some of the firm’s bond debts thereby helping to secure a higher credit rating and thus reducing the cost of future borrowing.Having just successfully launched and priced its inaugural US bond offering, including $750m and $500m bonds at coupon prices of 2.55% and 3.75% respectively, Maersk would no doubt argue that the ticket price on its bonds is not high, and indeed the envy of most of its peers. By Mike Wackett 17/09/2014 Macquarie Research estimates that Maersk Line’s proposed vessel-sharing agreement (VSA) with MSC could contribute $400m a year to the carrier’s net operating profit after tax (NOPAT) by the 2016 financial year, pushing the carrier’s overall profit to a staggering $3bn.Although the proposed VSA between the world’s two biggest container lines is equivalent to 80% of the capacity pledged by the vetoed P3, the number of vessels deployed will be just 70% of those stemmed for the P3 network, suggesting that the 2M will provide higher unit cost savings than could have been achieved by its ill-fated predecessor.Indeed, during AP Møller Maersk’s first-half interim results presentation, group chief executive Nils Andersen said that unlike the more complex P3 co-operation – which included CMA CGM and would have boasted a UK-based operations centre – 2M benefits would come exclusively from fuel efficiency and network streamlining, but be “very close” to the overall gain envisaged from the P3.In its bullish investor note on AP Møller Maersk, headed Onwards and Upwards, Macquarie’s outlook for its container sector is equally positive, notwithstanding the co-operation with MSC.last_img read more

News / No strike at Cargolux as management and unions finally hammer out new work agreement

first_img After a further 48 hours of talks, Cargolux and its unions have finally come to an agreement.“There will be no strike at Cargolux,” said a very tired Dirk Becker, executive secretary of Luxembourg’s Pilot Association. “We have reached an acceptable agreement.”The management and OGBL, CLSC and LCGB unions have agreed a new Collective Work Agreement, which will be valid for three years.“I am extremely pleased to have come to a common understanding with our social partners,” said Cargolux CEO Dirk Reich.“With the agreement, we achieve a significant improvement in the flexibility and economic efficiency of Cargolux, and send a strong signal for the job security at Cargolux and increased competitiveness of Luxembourg as a leading logistic hub in Europe.”The deal essentially is that which had been agreed on December 1, but then cancelled after the LCGB queried details in the final text.“This is based on the principles of the first agreement – but the devil was in the detail,” said Mr Becker. “Those issue have now been dealt with.”He added: “It is regrettable, when looking at what we have agreed, that this could all have been achieved at the beginning of the year. But it is common for negotiations to drag on. It has placed a huge burden on Cargolux. Time will tell how long it will take to get the airline back to where it was.”In separate news, Cargolux today welcomed a decision by the EU General Court, annulling articles 1 to 5 of the Commission’s 2010 decision in the alleged air freight cartel. The decision means a  €79.9m fine previously levied on Cargolux has also been annulled. By Alex Lennane 16/12/2015 ©Gordzamlast_img read more

Funeral Services Set For Fallen DeKalb County Police Officer

first_img Legal Advocate Discusses Medical Abuse At Shut Down Georgia ICE Facility Funeral services are set for this week for the DeKalb County officer shot and killed after a traffic stop last week.Over the weekend, Edgar Flores’ fellow law enforcement officers escorted his body to the Whitfield Funeral home in Northeast Georgia.Visitation started Sunday and will continue from 6 to 8 p.m. Monday.Funeral services are planned for Tuesday at All Saints Catholic Church in Dunwoody.Another service is planned for Wednesday at Prince of Peace Catholic Church in Flowery Branch.Monday would have been Flores’ 25th birthday.DeKalb County police officer Edgar Flores was shot and killed after a traffic stop last week. CREDIT DEKALB COUNTY POLICE DEPARTMENTHe is survived by a fiancee as well as a mother, father, and brother.Meanwhile, a police dog — who was shot in the head in pursuit of the gunman — lost an eye, but is expected to make a full recovery after undergoing major surgery. Indi, a 7-year-old K9 officer, has been with the police department for five years. Share For Whom The Bell Rings 0:44 | Play story Add to My ListIn My List Related Stories ‘It’s Fractured’: Georgia Lt. Gov. Geoff Duncan On Healing Republican Partylast_img read more

Youth Action Net Global Fellowship

first_img Reddit Log in to Reply Share 0 Tweet African Liberty Writing Fellowship 2021 for Young Writers Dear Hallelujah, I don’t want to learn more about god. Hallelujah, Kristina,Mladiinfo Similar Stories on January 31, 2011 at 3:48 pm LinkedIn 0 March 11, 2010 Published by Site Default By Godfrey says: Deadline: 09/04/2010Open to: all young people between 18 to 29 years oldFund: a year-long supportA program of the International Youth Foundation, YouthActionNet® seeks to develop a new generation of socially conscious global citizens who create positive change in their communities, their countries, and the world. Each year, 20 young social entrepreneurs are selected as YouthActionNet® Global Fellows following a competitive application process.The year-long Fellowship program includes:• Year-round learning opportunities based on Fellows’ individual needs and the six dimensions of leadership highlighted in the YouthActionNet® Global Curriculum: Personal, Visionary, Political, Collaborative, Organizational, and Societal;• Training in areas such as communications planning, media outreach, presentation skills, innovative uses of new media technologies;• A seven-day leadership retreat, October 1-8, 2010, in Washington, DC. (all expenses paid) which offers dynamic peer-to-peer learning, collaboration, and sharing among young visionaries;• Networking with international and national aid agencies, NGOs, and corporate partners;• Access to potential resources to support Fellows and their projects, including volunteers, mentors, and grant opportunities.Eligibility* Open to all young people aged 18-29 (as of September 1, 2010)* Applicants should be founders of existing projects/organizations, or leading a project within an organization* Proficiency in English is required; applications must be submitted in English* Must be available to attend full retreat,Application procedureAll interested applicants need to apply until 9th April 2010 by online application, which is strongly preferred, however if necessary applicants can mail completed application forms to:YouthActionNet®c/o International Youth Foundation32 South Street, Suite 500Baltimore,MD 21202 USAWith further queries contact: [email protected] detailed info Google PhD Fellowship Program for graduate students ATLAS CORPS PROGRAMS By mladiinfo says: University of Granada → Youth Action Net Global Fellowship Pocket on January 31, 2011 at 4:27 pm +1 Log in to Reply learn from you more about God ← Australian Leadership Awards 2 thoughts on “Youth Action Net Global Fellowship” Leave a Reply Cancel ReplyYou must be logged in to post a comment. last_img read more