Terry Smith stands aside to focus on fund business

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No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com KCS-content whatsapp Tags: NULL City veteran Terry Smith is retiring as a director and deputy chairman of stockbroker Collins Stewart to focus on his new asset management venture Fundsmith.Smith, one of the UK’s best-known investment bankers who led the management buyout of Collins Stewart after becoming chief executive in 2000, will remain chief executive of inter-dealer broker Tullett Prebon. Smith will leave on 6 December after almost two decades at the firm. He was its chairman from 2006-2010.“I have enjoyed my 18 years at Collins Stewart. However, all good things must come to an end and I will now focus on Tullett Prebon and new challenges, in particular my new fund management venture Fundsmith. I wish the management and staff of Collins Stewart well and hope to see the business continue to succeed in the years to come,” Smith said.The move into fund management will open another chapter in Smith’s varied 35-year career. He shot to fame when the top-rated banking analyst in the late 1980s, famously issuing a “sell” recommendation on Barclays while working for the bank’s own investment banking arm BZW.He was sacked from UBS Phillips & Drew in 1992 after publishing “Accounting for Growth”, a best-selling book that criticised the accounting practices used by some of the biggest companies – including clients of UBS.Collins Stewart chairman Tim Ingram said: “Terry Smith has been synonymous with Collins Stewart for many years and has been hugely influential in the development of the company and the creation of shareholder value. On behalf of the board, I would like to thank Terry for his contribution to the company and wish him well for the future.”TERRY SMITHDEPUTY CHAIRMANCOLLINS STEWARTTerry Smith grew up in East London, attending Stratford Grammar School before graduating with a first in History from University College Cardiff in 1974. He worked for Barclays Bank from 1974 to 1983, becoming an Associate of the Chartered Institute of Bankers and obtaining an MBA at The Management College, Henley. Smith became a stockbroker with W Greenwell & Co in 1984 and was the top-rated bank analyst in London from 1984 to 1989. In 1990 he was appointed head of UK company research at UBS Phillips & Drew, a position from which he was dismissed in 1992 following the publication of the best-selling book “Accounting for Growth”. Smith joined Collins Stewart shortly thereafter, and became a director in 1996 and chief executive in 2000, leading the management buy-out of the company, which was floated on the London Stock Exchange five months later. In 2003, Collins Stewart acquired Tullett Liberty, and then in 2004 acquired Prebon Group, creating the world’s second largest inter-dealer broker. Collins Stewart and Tullett Prebon were demerged in 2006. Smith remains chief executive of Tullett Prebon and has launched a new fund management venture, Fundsmith.A flying, sailing and shooting enthusiast, Smith is passionate about history and participates in competitive cycling and boxing. www.terrysmithblog.com Sharecenter_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com whatsapp Show Comments ▼ Terry Smith stands aside to focus on fund business Wednesday 13 October 2010 7:54 pmlast_img read more

N Brown upbeat despite hit from snowy weather

first_img Tags: NULL MAIL order clothing firm N Brown saw like-for-like sales lifted by just 1.2 per cent over Christmas as the poor weather took its toll.Total group revenue increased by 4.6 per cent in the 19 weeks to 8 January and Brown says trading was encouraging from late October to mid-December “but the extreme weather conditions eventually affected customers who were concerned whether their Christmas orders would be delivered on time.”It said there was also a backlog of mail to clear as a result of those weather conditions, with catalogues and statements delayed in the last four weeks. Online sales increased by 26 per cent to account for 47 per cent of group sales.The Marisota and Jacamo brands. performed well the firm said.Chief executive Alan White said despite the weather wiping off up to £3m in sales the company was well placed to make up the ground. whatsapp Share Show Comments ▼ N Brown upbeat despite hit from snowy weather whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org KCS-content Wednesday 12 January 2011 7:50 pmlast_img read more

RTG’s Strangest Game Ever: Cubee…You have to see it to believe it!

first_img1st February 2019 | By Aaron Noy Subscribe to the iGaming newsletter Tired of the same old same old in slots play? This one is different! Cubee: It is one of RTG Asia’s most original and unusual games as Cubee travels through time, eating energy balls and literally beating Rocco to move to the next Age.With up to 50,000x your bet “per line”, this is a fun new take on slots. It’s an adventure through time that can pay off big!Play a demo of the slot here! RTG’s Strangest Game Ever: Cubee…You have to see it to believe it! Tired of the same old same old in slots play? This one is different! Cubee: It is one of RTG Asia’s most original and unusual games as Cubee travels through time, eating energy balls and literally beating Rocco to move to the next Age. Topics: Casino & games Slots Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & gameslast_img read more

Japaul & Maritime Services (JAPAUL.ng) Q12014 Interim Report

first_imgJapaul Gold & Ventures PLC (JAPAUL.ng) listed on the Nigerian Stock Exchange under the Energy sector has released it’s 2014 interim results for the first quarter.For more information about Japaul Gold & Ventures PLC (JAPAUL.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Japaul Gold & Ventures PLC (JAPAUL.ng) company page on AfricanFinancials.Document: Japaul Gold & Ventures PLC (JAPAUL.ng)  2014 interim results for the first quarter.Company ProfileJapaul Gold & Ventures PLC, formerly known as Japaul Oil & Maritime Services Plc is a mining and technology development business listed on the Nigerian Stock Exchange. The Company’s services include mining, dredging, offshore/vessel chartering and technology. Its mining service is engaged in solid mineral mining with interest in minerals, such as gold, tin, copper, lithium, lead, zinc and hard rock. The Company’s dredging business offers complete dredging solutions, such as reclamation, shore protection, stockpiling, breakwater construction, sweeping of access sites and slots and river crossing. The Company’s vessel chartering offers fleet of vessels, such as offshore support vessels (OSVs), anchor handling tug supply vessels (AHTS) and diving support vessels. It provides its services to the offshore oil and gas, and shipping industries. The Company’s technology services provide technology and enterprise solution services to support governmental, services and manufacturing industries.last_img read more

Republic Bank (Ghana) Limited (RBGH.gh) 2019 Annual Report

first_imgRepublic Bank (Ghana) Limited (RBGH.gh) listed on the Ghana Stock Exchange under the Banking sector has released it’s 2019 annual report.For more information about Republic Bank (Ghana) Limited (RBGH.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Republic Bank (Ghana) Limited (RBGH.gh) company page on AfricanFinancials.Document: Republic Bank (Ghana) Limited (RBGH.gh)  2019 annual report.Company ProfileRepublic Bank (Ghana) Limited, formerly known as HFC Bank Limited, is a financial services institution in Ghana offering banking products and services for the investment, corporate, retail and mortgage sectors as well as solutions for asset management, property management and development services. The company is focused on 4 segments: consumer, mortgage, corporate and microfinance banking. Mortgage banking services include home equity, home purchase or improvement mortgages and public-sector home schemes. Investment banking services include asset management, financial advisory, brokerage and managed funds. The commercial division offers a full-service product and service offering including home, education, executive and business loans and foreign trade and document processing services. Private banking services include cash management, investment accounts, mortgage facilities and safe custody services. Republic Bank (Ghana) Limited also provides foreign currency, institutional finance and electronic and mobile banking services. Republic Bank (Ghana) Limited is a subsidiary of Republic Financial Holdings Limited. Republic Bank (Ghana) Limited is listed on the Ghana Stock Exchangelast_img read more

Why I don’t think the risk is worth the reward with Boohoo Group stock

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Charles Heighton | Friday, 10th July, 2020 | More on: BOO I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Why I don’t think the risk is worth the reward with Boohoo Group stock It has been a rocky week for investors in Boohoo Group  (LSE: BOO) stock. Over the weekend, The Sunday Times released a story alleging that a factory in Leicester producing clothes for Boohoo-owned brand Nasty Gal is engaging in modern slavery. This caused a 46% fall in the share price, until Thursday when the stock rallied 27%. Institutional investors have seen this fall as a buying opportunity, as have other Fools. However, I believe that the risk is too high and investors should sell Boohoo Group shares.The reputational damage has already been widespread. ASOS and other retailers have dropped Boohoo from their stores. Boohoo’s target customers, who are aged 18 to 30, will also be particularly outraged by this news. As a group, they are known for conscientious buying habits. The industry is shifting away from fast fashion, which Boohoo relies on. So, even if the reports of modern slavery are exaggerated or found to be false, I would argue that owning Boohoo Group stock is risky due to this shift towards more ethical fashion.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…This is also not Boohoo’s first strike. In 2018 The Financial Times levelled similar accusations at the company, making the claims of ignorance from executives appear dubious. This pattern indicates to me that there could be serious problems with Boohoo’s supply chain. To prevent further damage, it will have to go through the costly and disruptive process of investigating and replacing its suppliers. This may result in higher costs as it will have to approach more ethical factories to repair its reputation. Any change of this magnitude would raise serious concerns over Boohoo’s business model. That is why I believe that Boohoo Group’s stock has a highly risky and uncertain future.Boohoo also has other risks that investors should be wary of. The company is currently engaged in a $100 million lawsuit in the US over false promotions and misleading pricing. If this lawsuit results in a fine then the company’s finances could be significantly damaged.Also, in May of this year Shadowfall, a UK-based hedge fund that specialises in short selling, released some damaging research. Shadowfall claims that Boohoo has overstated and manipulated its free cash flow for the last six years by 67%. If true, this means that the company is producing significantly less cash than it is trying to claim. The research also suggested that Boohoo would have to pay significantly more than it claimed for the acquisition of the last 34% of Pretty Little Things. In response to this, BOO announced the purchase of that 34% a few days later. To some this proved Shadowfall’s research wrong, however, I’m not so sure myself. Any accusations of financial impropriety should send investors running, in my opinion. These factors mean that even if the company manages to recover from the current reputational damage, it still has many headwinds that make the future of Boohoo Group’s stock arguably very uncertain.Boohoo is one of the fastest growing companies in the UK and the stock price may even recover. However, a pattern seems to be emerging of unethical and illegal behaviour, if the allegations prove true. Eventually, I believe that this house of cards will collapse and, when it does, I would not want to hold Boohoo Group stock. Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Charles Heighton has no position in any shares mentioned. The Motley Fool UK owns shares of and has recommended ASOS. The Motley Fool UK has recommended boohoo group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Charles Heightonlast_img read more


first_img Canon for Family Ministry Jackson, MS An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Belleville, IL Rector Martinsville, VA Rector Bath, NC This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Submit a Job Listing Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Shreveport, LA Director of Administration & Finance Atlanta, GA Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector (FT or PT) Indian River, MI AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York María Corina Machado la diputada venezolana que ha surgido como líder de la oposición al gobierno de Nicolás Maduro no fue permitida hablar en el Consejo de Seguridad de la OEA. Tal parece que los países que reciben petróleo de Venezuela se confabularon para no permitir que hablara al grupo. La reunión celebrada en Washington sede de la organización comenzó con la votación si la reunión debía ser abierta o a puertas cerradas. La representante de Venezuela antes de emitir su voto dijo que “nosotros creemos en la transparencia” e inmediatamente dijo que la reunión debía ser a “puertas cerradas”. Sus colegas premiaron su sinceridad con estruendosas carcajadas.El secretario general de la OEA, el chileno José Miguel Insulza insistió en que, dadas las “profundas divisiones” en el país lo único que puede hacer es fomentar el diálogo. Explicó que la organización “no está para poner ni para sacar gobiernos”. Corina regresó a Caracas donde el presidente de la Asamblea Nacional, Diosdado Cabello,  había dicho que sería despojada de su inmunidad parlamentaria y puesta a juicio de una corte criminal por “traición a la patria”. Aconsejada por sus amigos y compañeros Corina, visitó Lima, Perú y dijo que regresaría a Venezuela en breve en pleno uso de “mis derechos como diputada”.El 24 de marzo muchas iglesias han celebrado el día del martirio del arzobispo Oscar Romero que tuvo lugar cuando celebraba misa en la capilla de un hospital en San Salvador, El Salvador. Sus asesinos nunca fueron arrestados y su muerte quedó impune. Romero dedicó gran parte de su ministerio en la defensa de los derechos humanos en su patria. Su muerte tuvo lugar en 1980.La violencia en México continúa en aumento. Las autoridades informaron que ésta ha sido más cruenta en los estados de Sonora, Guanajuato, Michoacán, Tamaulipas y el Estado de México. Enfrentamientos y ejecuciones dejaron un saldo de al menos 25 personas, esta semana informó el semanario Proceso y añadió que un enfrentamiento entre agentes de la Policía y presuntos criminales cobró la vida de seis personas en Sonora. Tras el combate los agentes decomisaron un cargamento de marihuana cuyo peso o valor comercial no fue revelado.Esta semana estará en las pantallas la película César Chávez que narra la vida y los trabajos del líder de los trabajadores agrícolas en Estados Unidos, César Chávez. La cinta llevó cuatro años de preparación y su director Diego Luna dijo que la falta de financiamiento fue una de las causas de la demora. “Espero que esta película inspire a otras  personas a luchar por la justicia con la esperanza de que sí se puede”, dijo Luna.Ante la situación beligerante de Rusia el patriarca Cirilo de la Iglesia Ortodoxa Rusa dijo que “hermanos de la misma fe y la misma sangre nunca deben traer destrucción”.  En un sermón predicado en la Catedral de Cristo Salvador en el centro de Moscú, Cirilo dijo en una ho,ilía que Ucrania “tiene derecho a la autodeterminación”. El patriarca es conocido por su íntima amistad con el presidente Vladimir Putin y con frecuencia la foto de los dos aparece en los periódicos.En una reciente reunión en el Vaticano representantes de las principales religiones del mundo tomaron el acuerdo de “erradicar la esclavitud y el tráfico de personas” en cooperación con la Fundación Walk Free.World Vision, una de las más grandes agencias evangélicas de ayuda humanitaria ha decidido redefinir el matrimonio dejando atrás la antigua definición  de “la unión de un hombre y una mujer”.  La organización dice que sus empleados son libres de casarse con una persona del mismo sexo guardando siempre “la abstinencia antes del matrimonio y la fidelidad” en el vínculo matrimonial.Los hispanos no tienen que esperar a 2050, cuando se espera que las minorías sean mayoría en Estados Unidos. Más de la mitad de los menores de 18 años de California ya son hispanos y apenas uno de cada cuatro es “anglo”, según muestra el censo.La diócesis anglicana de Tohuku en Japón ha re-dedicado su catedral por segunda vez después de dos destrucciones. La primera fue en 1945 cuando las bombas de la aviación aliada destruyeron su edificio y la segunda cuando un tsunami en 2011 la destruyó de nuevo. La catedral está en Senday, una de las principales ciudades de Japón. Al evento asistieron cientos de visitantes que admiraron la perseverancia y fe de los miembros de la catedral.VALOR. Aunque ande en valle de sombra de muerte, no temeré mal alguno; porque tú estarás conmigo; tu vara y tu cayado me infundirán aliento. Salmo 23:4. Associate Priest for Pastoral Care New York, NY Associate Rector Columbus, GA Submit an Event Listing Curate Diocese of Nebraska Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Course Director Jerusalem, Israel Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Featured Events Rector and Chaplain Eugene, OR Assistant/Associate Rector Morristown, NJ Rapidísimas Bishop Diocesan Springfield, IL Assistant/Associate Priest Scottsdale, AZ center_img Rector Collierville, TN Rector Smithfield, NC Associate Rector for Family Ministries Anchorage, AK New Berrigan Book With Episcopal Roots Cascade Books Rector Knoxville, TN Submit a Press Release The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector Pittsburgh, PA Rector Hopkinsville, KY Curate (Associate & Priest-in-Charge) Traverse City, MI Rector Albany, NY An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Rector Tampa, FL Priest Associate or Director of Adult Ministries Greenville, SC Featured Jobs & Calls Youth Minister Lorton, VA Priest-in-Charge Lebanon, OH Family Ministry Coordinator Baton Rouge, LA Director of Music Morristown, NJ Rector/Priest in Charge (PT) Lisbon, ME Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Por Onell A. SotoPosted Mar 26, 2014 Cathedral Dean Boise, ID Press Release Service Missioner for Disaster Resilience Sacramento, CA Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Rector Washington, DC Assistant/Associate Rector Washington, DC last_img read more

Sunrail begins Saturday service tomorrow

first_img UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 TAGSsunrail Previous articleApopka Weekly Arrest ReportNext articleReplica of Vietnam Memorial Dedication Tomorrow Dale Fenwick RELATED ARTICLESMORE FROM AUTHOR Please enter your name here Please enter your comment! Florida gas prices jump 12 cents; most expensive since 2014 Share on Facebook Tweet on Twitter You have entered an incorrect email address! Please enter your email address here  This weekend marks the running of a pilot program of SunRail on select Saturdays. This special service is a privately funded initiative. To mark this event and in observance of Mobility Week, SunRail is holding a customer appreciation day tomorrow, Friday, November 4 from 5:30 a.m. to 1 p.m., with surprise giveaways on station platforms—while supplies last.On Saturday, November 5, SunRail begins special service with the first train leaving southbound from the DeBary station at 2 p.m. The last northbound train leaves the Sand Lake Road station at 12:15 a.m. Sunday, and arrives in DeBary at 1:18 a.m. Regular fares apply. Future Saturday service dates are being explored beyond November 5.Sunraila asks riders to be careful around trains, railroad crossings, and while at station platforms. Be smart. Be safe. For more information about SunRail, including fares, schedule and station locations, please visit www.sunrail.com.SunRail on Saturday TipsSunRail will be collecting fares on SaturdayArrive at the station platforms at least 30 minutes in advance of your trainRemember to tap on and tap off with your ticket, so your trip will registerPlease check the SunRail schedule at sunrail.com to make sure you don’t miss your trainIf you are using LYNX to make downtown connections, please check LYNX bus schedules to see what time buses runNo food or beverages are allowed on the train, nor is smoking allowed on the train and platformsPlease be courteous to others, fold up strollers, store bikes properly as the trains may be crowdedPlease be careful around trains, railroad crossings, and while at station platforms. Be smart. Be safe.View or download schedule and events here Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom LEAVE A REPLY Cancel reply Save my name, email, and website in this browser for the next time I comment.last_img read more

RFU announcement could be precursor to ring-fencing

first_imgWednesday Feb 12, 2020 RFU announcement could be precursor to ring-fencing The Rugby Football Union’s decision to cut its funding for the Championship by almost 50 percent has sent shockwaves through English rugby.ADVERTISEMENTThe RFU chief executive Bill Sweeney has said that the decision to slash funding from £530,000 to approximately £288,000 is “based on a principle of ensuring levels of investment are geared to a clear return on investment,” but it has not been warmly welcomed.Sweeney also added:“The Championship is, and will continue to be, a useful way for players to get additional developmental experience, but we do not believe it is the primary place where Premiership and England players are discovered and developed.”While many people have stressed that the Championship does provide a gateway for players into the top levels of the game, shown by the host of England players that have played in the league, the biggest concern is that this is a movement towards ring-fencing the Premiership.This has been suggested by former Ireland international Jamie Heaslip, who was addressing the fact that many Irish players will suffer from these cuts. The former British and Irish Lions No8 questioned whether this is a “start of the Premiership moving towards ring-fencing”.ADVERTISEMENTHeaslip’s thoughts have been echoed by many others on social media, as the topic of ring-fencing the Premiership, in the same way the Pro14 is, has been frequently discussed over the past twelve months.Many thought that England’s top flight was moving towards scrapping relegation last season, but nothing changed. However, the reaction has been that this is the most clear cut sign that such a radical change will be made.Basically, they’re broke and want to cut costs and in a short sighted way think they need to protect the golden goose. Next step is ring fencing the prem, then the next logical step is the slow decline and withering of the sport. Terrible statement, position and approach.— Gareth Hopley (@GarethTheHop) February 12, 2020ADVERTISEMENTIs this just a back door way of “ring fencing” the premiership? Slash funding for the Championship and introduce a Bottom of the premiership and top of Championship “play off” knowing the poorer clubs will never compete. STINKS— Gaz Marks (@pinleyjudge) February 12, 2020Ah well, ring-fencing under another name. Guaranteed promotion every year for the previously relegated Premiership club – or a 13-team Prem with no relegation.— Esteban Olley (@Esteban27Olley) February 12, 2020However, Bedford Blues’ Chairman Geoff Irvine has said what many others have as well, that this decision “is giving Premiership Rugby all that they want with regard to ring-fencing, in all but name”. While the Premiership may not be officially closed off, the gulf in resources between the top tier and the second tier will now be so vast that it will be nearly impossible for any new side to break through.By slashing funding to the @Champrugby by 50% – RFU, helping shape the grassroots game….? 🤫 Puppets for @premrugby club owners adamant on ring fencing! I’ve seen reports, but is this set in stone?— Chris Clarke (@jerseyclarkey) February 12, 2020Honest Subtitles: Ringfencing by Stealth Introduced –RFU announces with no notice whatsoever to make catastrophically stupid decision to cut Championship club funding by half and only guarantee that for one year. All relegated Prem. clubs to continue to receive parachute payment https://t.co/XbmaUbgHEw— Ivan Morris Poxton (@MoPo97) February 12, 2020Shocking decision. Slowly moving towards ringfencing the premiership which will kill it as a competition. This will have a detrimental effect on both leagues.— Tom (@cornwalltom97) February 12, [email protected] The RFU cuts.Its ringfencing by a different name. What hapens to clubs and players who cant have contracts honoured.Its going to go back to boot money, pay as you play. Also the team coming down will have a massive advantage financially— Matthew Howe (@matthewhowe69) February 12, 2020The notion of ring-fencing the Premiership is not a wholly unpopular idea though, and there are many advocates for restructuring the league system in England.However, that has never been supported by Championship sides for obvious reasons, and this most recent announcement could be the first of major changes for them.ALSO WATCH: Posted By: rugbydump Share Send Thanks Sorry there has been an error News Related Articles 25 WEEKS AGO Exeter vs Toulouse is off as a number of… 25 WEEKS AGO Danny Cipriani leaves Gloucester with immediate… 25 WEEKS AGO ‘Aphiwe can’t believe it. We were starting… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. 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SMM Penthouse / Anna Solaz – Estudi d’Arquitectura + CRUX arqu…

first_img Apartments SMM Penthouse / Anna Solaz – Estudi d’Arquitectura + CRUX arquitectos Spain Photographs:  Milena Villalba Projects Photographs “COPY” City:ValenciaCountry:SpainMore SpecsLess SpecsSave this picture!© Milena VillalbaRecommended ProductsBlinds / Mosquito Nets / CurtainsBANDALUXConcealed Blind System – One-BoxMetallicsStudcoWall Stop Ends – EzyCapWoodParklex International S.L.Wood cladding – FacadeWindowsSolarluxSliding Window – CeroText description provided by the architects. The commission started from the proposal of the clients to cover one of the attic terraces in order to add a new room to the apartment. Something that according to local regulations was impossible to undertake. Like other commissions, behind asking for one more room and a specific action, there was a need to tackle and a tailored solution for it. What is a room? The penthouse is located in a representative building of Valencia’s old town. The eclectic-style construction was built at the end of the 19th century and due to its singular façade, the alteration on its external appearance is not permitted. The interior surface, barely 80 m2, is complemented by an area of terraces of almost the same extension.Save this picture!© Milena VillalbaSave this picture!PlanSave this picture!© Milena VillalbaThe façade has a series of rhythmic openings, which bathe with natural light the interior and let the bells of the surrounding churches vibrate inside. The existing layout divided the available space without any principle, turning opaque part of the façade windows and generating unnecessary distributions for the scale of the house and rooms with a dysfunctional proportion. The clients understood that the house, although in good condition, did not quite meet their needs. They wanted to host family visits, so the penthouse had to accommodate users with different needs and ways of living, ranging from a group of young people to an adult couple. The answer was not to redistribute or cover a terrace to get a new room, but to unlearn the Western conception of housing as the addition of rooms, looking for a more fluid solution. Save this picture!© Milena VillalbaThe intervention strategy seeks the indeterminacy of the space to enable multiple ways of occupation and appropriation, capable of accommodating not just one use, but many. Kitchen, living room, storage room, bedroom, laundry, and bathroom, previously closed and individual rooms, turn into a continuous cabinet that hosts all the services. The existing partitions are removed and a wooden ribbon is built so that the oscillating space between the interior and the terraces can be occupied in many different ways.Save this picture!© Milena VillalbaSave this picture!AxoSave this picture!© Milena VillalbaSave this picture!© Milena VillalbaDuring the day the folding doors are opened and space flows into an open layout. When necessary, space is divided using these folding doors and a more quiet and private room appears. The new ‘thick wall’ sets a ribbon with a curvilinear trajectory, emphasized by the light that floods the apartment. The plywood board is showing its birch interior, inviting to be touched and transformed. The continuous wooden furniture is not understood as the protagonist, but as a kind of background for the apartment, a framework that encourages users to express themselves freely. In the context of the pandemic caused by COVID-19, we see more than ever the need to overcome the conception of housing as a static, compositional and quantitative construction. On the contrary, we seek a residential architecture, close to its users, which enables movements and dynamic events, changeable, psychoactive, and unpredictable, able to accommodate unexpected situations such as a long lockdown.Save this picture!© Milena VillalbaProject gallerySee allShow lessWiki World Natural Camp / Wiki World + Advanced Architecture Lab[AaL]Selected ProjectsMetrick Cottage and Boathouse / Akb ArchitectsSelected ProjectsProject locationAddress:Ciutat Vella, Valencia, SpainLocation to be used only as a reference. It could indicate city/country but not exact address. Share Save this picture!© Milena Villalba+ 17Curated by Clara Ott Share 2020 ArchDaily Year:  CopyApartments, Apartment Interiors, Extension•Valencia, Spain SMM Penthouse / Anna Solaz – Estudi d’Arquitectura + CRUX arquitectosSave this projectSaveSMM Penthouse / Anna Solaz – Estudi d’Arquitectura + CRUX arquitectos Anna Solaz, Raquel Sola, Alejandro García ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/958848/smm-penthouse-anna-solaz-estudi-darquitectura-plus-crux-arquitectos Clipboard Architects: Anna Solaz – Estudi d’Arquitectura, CRUX arquitectos Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/958848/smm-penthouse-anna-solaz-estudi-darquitectura-plus-crux-arquitectos Clipboard “COPY” Lead Architects: CopyAbout this officeCRUX arquitectosOfficeFollowAnna Solaz – Estudi d’ArquitecturaOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsRefurbishmentInterior DesignResidential InteriorsApartment InteriorsExtensionValenciaOn FacebookSpainPublished on March 25, 2021Cite: “SMM Penthouse / Anna Solaz – Estudi d’Arquitectura + CRUX arquitectos” [SMM Penthouse / Anna Solaz – Estudi d’Arquitectura + CRUX arquitectos] 24 Mar 2021. 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