Qatar keen to buy RBS and Lloyds stakes

first_img Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tags: NULL whatsapp whatsapp Wednesday 23 February 2011 9:13 pm KCS-content Qatar keen to buy RBS and Lloyds stakes QATAR plans to buy stakes in RBS and Lloyds Banking Group, the nation’s Prime Minister told David Cameron yesterday. Prime Minister Sheikh Hamad bin Jassim bin Jabr al-Thani said when asked about the state-owned banks: “We are very open to any investment in the UK and we have discussed some.”The Qatar Investment Authority already has several billion pounds tied up in the UK, including stakes in Sainbury’s, Barclays and Harrods. The UK’s holding of 83 per cent in RBS and 40 per cent in Lloyds is not expected to be sold until at least September, once the Independent Commission on Banking reports on the possible break-up of UK banks.Cameron, who is leading a trade delegation in the Middle East this week, also praised Qatar’s deal with Centrica yesterday, which will see state-run Qatargas deliver 10 per cent of the UK’s gas demand in an agreement worth £2bn. Qatargas is to deliver 2.4m tonnes of liquefied natural gas (LNG) a year for the next three years to Centrica, the owner of British Gas. Cameron said the deal was “good for Britain, good for our energy security, good for jobs, and good for economic growth”.Centrica chief executive Sam Laidlaw, who is accompanying Cameron on his tour, said he hoped the deal represents the start of a long-term relationship between the two countries.The agreement is the first time a UK company has signed up for a long-term LNG supply. FAST FACTS | QATAR’S INVESTMENTSThe Qatar Investment Authority was set up in 2005 to diversify Qatar’s oil-driven economy.The sovereign wealth fund has a 24 per cent stake in Canary Wharf owner Songbird, 15 per cent of the LSE and swathes of London property. Share Show Comments ▼last_img read more

Glaxosmithkline Consumer Nigeria Plc ( Q12014 Interim Report

first_imgGlaxosmithkline Consumer Nigeria Plc ( listed on the Nigerian Stock Exchange under the Pharmaceuticals sector has released it’s 2014 interim results for the first quarter.For more information about Glaxosmithkline Consumer Nigeria Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Glaxosmithkline Consumer Nigeria Plc ( company page on AfricanFinancials.Document: Glaxosmithkline Consumer Nigeria Plc (  2014 interim results for the first quarter.Company ProfileGlaxosmithkline Consumer Nigeria Plc manufactures and markets a range of consumer healthcare and pharmaceutical products in Nigeria. Its product portfolio includes treatments for asthma, HIV/AIDS, malaria, depression, migraines, diabetes, heart failure, digestive ailments and cancer. Consumer healthcare products include oral healthcare products; wellness products for the management of pain, gastro-intestinal and respiratory conditions; multivitamins; and a range of nutritional healthcare beverages. Glaxosmithkline Consumer Nigeria Plc produces a range of antibacterial products and vaccines to protect against illnesses such as hepatitis A and B, diphtheria, tetanus, whooping cough, typhoid, influenza and cervical cancer. The company was formerly known as Beecham Limited. Its head office is in Lagos, Nigeria. Glaxosmithkline Consumer Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more

I like this investment strategy to help me profit long term from the stock market crash

first_img Jonathan Smith and The Motley Fool UK have no position in any of the shares mentioned. 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. Jonathan Smith | Thursday, 19th March, 2020 I like this investment strategy to help me profit long term from the stock market crash Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” 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.center_img A stock market crash doesn’t come around that often. Bull runs can last for a decade or more, like the one we had from 2009 onwards. But this one was abruptly ended when stock markets around the world entered a bear market this year. The term bear market is used when the main stock market loses over 25% in value over a short period. For the FTSE 100, this value plunge has been reached and exceeded. The market closed at around 5,000 points yesterday.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…What does that mean for the way private investors like us go about investing? Well, during a period when the market is bullish, investors use various strategies to achieve their goals. When we see a bear market, we need to change strategy to suit the new conditions.That’s why I’m currently using ‘pound cost averaging’ as a strategy in order to boost my long-term potential to profit from current stock market conditions.What is it?Pound cost averaging is the idea that by splitting up the amount you want to invest into smaller chunks, you can smooth out volatility in the market and achieve a better overall price. Let’s say I want to buy shares in Company X, with a current share price of 100p. I want to invest £1,000 in total, and so I split this up into 10 amounts of £100. Once a week, I invest £100 into Company X, at whatever the share price is. This week it’s 100p, next week it might be 90p, the week after 95p. At the end of 10 weeks, I have my full amount invested, but have effectively paid the average price for the shares over the period. This is pound cost averaging.Why do it?While this concept is a good idea at any time, it’s especially valid (in my opinion) during a market crash. Using my above example, if I saw the share price drop to 80p and invested everything in one go, I’d have completely committed all of my funds. In a rising market this isn’t too much of a problem, because the probability is that the price will rally. But in a crash situation, the price is falling day after day. This means that using pound cost averaging, I could buy at 80p now, 75p the week after, and so on.This gives me a much lower blended rate at the end of the period, allowing me to break even and make a profit sooner when the share price starts to rally again.It also frees me from worrying about trying to pick the absolute share price low. Picking the bottom of the stock market really is almost impossible as I know from experience! To avoid trying to time the market perfectly in the short term, averaging-in step by step reduces the angst. It really is a much more sensible approach to longer-term investing.So if you have funds you’re looking to invest, I really would suggest using this strategy. It allows you to buy with confidence, even during a falling market like we have now. Simply click below to discover how you can take advantage of this. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. See all posts by Jonathan Smithlast_img read more

France 30-12 Italy

first_imgLATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS In a nutshellFrance gained revenge over Italy after last year’s humbling 22-21 defeat in Rome, romping to a four-try, 30-12 win. The scoreline didn’t reflect a game in which the Azzurri, under new coach Jacques Brunel, had plenty of possession, and at least tried to play with some ambition. Sadly they didn’t have the attacking arsenal to make their territorial advantage count and were undone by a more incisive French backline. Aurelien Rougerie and Julien Malzieu ran in from distance in the first-half and Vincent Clerc and debutant Wesley Fofana crossed the whitewash after the break giving Philippe Saint-Andre’s the perfect start to his coaching career with Les Bleus.Key moment Although Italy had enjoyed more territory and possession in the first-half, their resolve was broken by Julien Malzieu in the 35th minute. Taking the ball some 50metres out, Malzieu evaded three Italian defenders along the touchline, before stepping inside and using a power fend to carry himself over the line. The score gave the French a nine-point deficit as they went in 15-6 at the break.Good show: Fofana impressed on debutStar man: Wesley FofanaThere were fine performances from Julien Malzieu and Aurelien Rougerie out wide but it was the young powerhouse from Clermont Auvergne caught the eye. Fofana grew in confidence as the game opened up showcasing his full repertoire of skills; quick feet, vision and the strength to finish some concerted French pressure late on with a well-taken try.Room for improvement Italy’s renowned scrummaging power was given a thorough examination throughout the game as Nicolas Mas and Vincent Debaty gave experienced duo Martin Castrogiovanni and Andrea Lo Cicero an uncomfortable afternoon, with the French even winning two scrums against the head. Brunel will have plenty of work to do before they meet England next week. The Azzurri will also have nightmares watching Julien Malzieu’s try again and again. Defence, what defence?In quotes – the winnersFrance head coach Philippe Saint-Andre: “As a coach, you seek perfection but today you saw a great defence, a good discipline and we even scored four tries. Italy employed a strategy that saw them keep the ball. They didn’t give it up easily.”France scrum-half Dimitri Yachvili: “We are very happy to have beaten Italy because last year they beat us in Rome, so it’s a bit of revenge. “We are World Cup finalists and everyone is waiting for us, so it’s going to be very hard.In quotes – the losers Italy coach Jacques Brunel: “We showed a good spirit on the pitch, always trying to attack and put the French on the backfoot. It’s sometimes difficult to find the words to explain the missed passes and everything else that went wrong.”Italy captain Sergio Parisse: “We showed ambition, a desire to play and had lots of ball but we needed to be more clinical because we had chances to score but didn’t. I don’t recall having dominated the game and France played it well. They managed to score some tries.” First up: Aurelien Rougerie scores the first of France’s four tries against ItalyBy Owain Jones, Rugby World Editor Referee: Nigel Owens (Wales)Match highlights (video) Boot boy: Burton slotted all of Italy’s pointsTop statsFrance made 99 tackles, missing only three, compared to Italy’s 64 yet they missed nine tackles.France made double the line breaks with six, compared to Italy’s 3.Italy made 157 passes to France’s 123.Both France and Italy won six turnovers.France: Maxime Medard; Vincent Clerc, Aurelien Rougerie (Maxime Mermoz 75), Wesley Fofana, Julien Malzieu; Francois Trinh-Duc (Lionel Beauxis 75), Dimitri Yachvili (Morgan Parra 62); Vincent Debaty (Poux 62), William Servat (Dimitri Szarzweski, 55), Nicolas Mas (Vincent Debaty 75), Pascal Pape, Lionel Nallet (Yoann Maestri 51), Thierry Dusautoir, Julien Bonnaire, Louis Picamoles (Imanol Harinordoquy 65)Tries: Rougerie, Malzieu, Clerc, Fofana.Cons: Yachvili (2)Pens: Yachvili (2)Italy: Andrea Masi; Giovanbattista Venditti, Tommaso Benvenuti, Alberto Sgarbi (Gonzalo Canale 56) Luke McLean; Kristopher Burton (Tobias Botes 56), Edoardo Gori (Fabio Semenzato 75); Andrea Lo Cicero (Cittadini 63), Leonardo Ghiraldini (Tommaso D’Apice 75), Martin Castrogiovanni, Cornelius Van Zyl (Marco Bortalami 56), Quintin Geldenhuys, Alessandro Zanni, Robert Barbieri (Simone Favaro 67), Sergio ParisseSin-bin: Geldenhuys (71)Pens: Burton (3)Drop-goals: Burton (1) NOT FOR FEATURED last_img read more

AppiChar offer two laptops in prize draw for UK charities

first_imgAppiChar offer two laptops in prize draw for UK charities AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Technology Howard Lake | 3 December 2006 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving.center_img  33 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Instead of sending corporate Christmas cards this year, AppiChar, the IT and support services consultancy for the charity and not-for-profit sector, is running a free prize draw in the run-up to Christmas. UK registered charities can enter to win one of two “top spec, high quality” laptops for the organisation.AppiChar is offering two prizes for this year’s draw worth over £1,250. They are giving all UK registered charities the chance to win one of two new Fujitsu-Siemens Amilo Pro V3505 laptops.Ian Ryder, appiChar’s Managing Director said: “We came to the conclusion this year that there are too many corporate Christmas cards in the world and we wanted to offer something useful to registered UK charities only. The prize draw provides an opportunity for us to assist the sector in an unbiased way.” Advertisement You can enter the draw online, and the last date for entry is midnight on 24 December 2006. The draw takes place on 27 December and the winners will be notified by email, with the results appearing on appiChar’s website.AppiChar is also offering a free second entry into the draw for anyone who forwards details of the draw to a friend or colleague at another charity. When they enter the draw, they need to enter their colleague’s email onto the form to ensure they get their free second entry.Commercial organisations can enter the draw, but must choose a charity of their choice to benefit.last_img read more

CAF presents first research on recession’s impact on Russian charities

first_img Tagged with: Charities Aid Foundation Giving/Philanthropy recession Research / statistics CAF presents first research on recession’s impact on Russian charities AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 1 September 2009 | News  24 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Russian charitable organisations have been hit hard by the recession, according to the first research into the impact of the economic crisis on Russia’s charitable sector.According to “Philanthropy in the Context of Crisis”, a report by CAF Russia, Zircon Research Group, PricewaterhouseCoopers and the Russian Donors Forum, 61% of Russian charitable organisations say that their funding has dropped as a result of the recession. Also, 52% say that they have already lost a quarter, or more of their funding.The report is based on a survey of 440 non-governmental non-profit organisations (NPOs), 36 companies and 11 foundations. Although it found that the majority of NPOs were prepared for the crisis and are adapting their plans to enable them to carry on their work in these difficult financial times, 23% of those surveyed think they are likely to close as a result of this recession. Nine per cent think they may have to become state, or municipal owned institutions to survive. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. Government funding and income from membership fees have remained the most stable sources of income, and corporate donations have fallen the most.Most organisations are not optimistic about funding: 81% of those surveyed expect funding to drop further. At the same time, fifty nine per cent of organisations had experienced an increase in demand for their services as a result of the recession.Maria Chertok, Chief Executive of CAF Russia, said: “In 1986 Russia only had 20 NPOs. Today there are more than 217,000. They are playing a key role in helping society through the recession and are ambitious to do more. Half of them (51 percent) intend to expand the scope of their services despite the current financial climate.”The Russian Government has just approved a concept paper on the development of philanthropy and volunteering in Russia which it plans to implement by the end of 2010. This was developed alongside a number of sector experts, including CAF Russia.The paper sets out plans to support tax benefits for companies and individuals at state level: currently such benefits are only available at a regional level in two of the 83 Russian regions.The Government also plans to introduce a tax exempt status for public benefit NPOs in relation to profit tax and VAT.Maria Chertok commented: “The recession started later in Russia than in many other major economies but charities in Russia have already been severely impacted.“This recession is the first for the fairly new philanthropic and NGO sector and it will be a trying time for charities and donors who are still to prove their commitment to philanthropy. The support that the Government intends to give will play a crucial role in strenthening the sector – both economically and through demonstration of their appreciation of the role the sector plays, but we need them to implement these changes quickly and consistently.” read more

Five new Fellows announced by the Institute of Fundraising

first_imgFive new Fellows announced by the Institute of Fundraising Howard Lake | 11 July 2014 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. The Institute of Fundraising has announced the election of five new Fellows to the IoF Fellowship. Fellows are recognised for their contribution to fundraising above and beyond their day job.In addition, the award of a fellowship acknowledges the commitment of those who give their time to the Institute to help develop the profession of fundraising.This year’s fellows, announced at the Institute’s AGM at the National Convention in London this week, are Jane Cunningham, Cathy Sullivan, Martin Price, Tenika Ah-Wan and Margaret Bennett.Speaking at his last National Convention as IoF Chair, Mark Astarita said:“I am delighted that one of my last official acts as chair of the Institute is to recognise five outstanding fundraisers, who have given over and above the call of duty, both to fundraising and the IoF, as new Fellows of the Institute.”What do Fellows do?UK Fundraising’s Howard Lake was elected a Fellow of the Institute of Fundraising two years ago. Being elected is an honour and recognition by one’s peers for a substantial contribution to fundraising and the Institute. Fellows are expected to offer advice, guidance and support to trustees, staff and Institute members.As well as the honour, Fellows are invited to attend an annual dinner in London, at their own expense. Advertisement  44 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Jane CunninghamFor over twenty years Jane has helped develop telephone fundraising, face-to-face fundraising, and direct marketing techniques to the fundraising management process. She helped the National Fundraisers Convention develop in its early years through voluntary support and sponsorship. Her company Personal Telephone Fundraising is, 20 years later, a sponsor of the IoF fundraising awards.She is active in the IoF Southern Regional Group, and has helped the Institute to develop an effective self-regulation role.Cathy Sullivan  Cathy founded Fundraising Initiatives in 1999 and has contributed to the development of face-to-face fundraising in the UK and internationally since then. Now Fundraising Initiatives provides face-to-face, street, door-to-door and private site fundraising across Europe, Canada, USA, South America, and Australia, and is pioneering its use in emerging markets for fundraising in South Africa and lndia.Martin PriceMartin is Chair of the Institute’s Welsh Committee and a fundraising consultant.  He was a Trustee of the Institute from 2005 to 2011 as the Welsh representative and now sits on the Finance and Resources Committee.  As Chair of the Welsh Committee, he was instrumental in securing lottery funding for the Welsh Office.Tenika Ah-WanTenika has run her own fundraising practice for 15 years, offering fundraising coaching and mentoring services. She has been a steering group member for the development of Fundraising National Occupational Standards. She helped establish the Black Fundraisers Special Interest Group (SIG), the Minorities in Fundraising SIG, and is now a member of the Consultants SIG. She delivers a range of courses through the IoF Academy.Margaret BennettMargaret has worked in the charity sector since the 1980s when she became Director of Fundraising at WWF-UK. After that she became the British Red Cross’s first Director of Income Generation, helping to transform the charity’s approach to strategic planning. In 2001 she co-founded THINK Consulting Solutions. For the past fifteen years, she has advised and guided a wide range of not-for-profits from major INGOs to UK organisations as well as small, local charities.   AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Institute of Fundraisinglast_img read more

Jalalabad cable operator banned for second time

first_img AfghanistanAsia – Pacific to go further News Situation getting more critical for Afghan women journalists, report says Afghanistan : “No just and lasting peace in Afghanistan without guarantees for press freedom” June 2, 2021 Find out more Receive email alerts Organisation Jalalabad cable operator banned for second time News Reporters Without Borders (Reporters sans frontières) today called on the Afghan authorities to reopen Afghan Cable Centre, a cable TV service based in the eastern city of Jalalabad (Nangahar province) which local authorities banned some 10 days ago despite a national government undertaking to support the development of cable television.”Your government took a clear position on the question of cable TV and you must make sure it is implemented throughout the country,” Reporters Without Borders said in a letter to information and culture minister Sayeed Makhdoom Raheen, urging him to intervene to ensure respect for the licences issued to cable TV operators by the government.Authorities in Jalalabad cited complaints about “shocking” programmes as the reason for banning Afghan Cable Centre and charging its manager, Mohammed Humayun, with breaking the law. They were apparently alluding to programmes of Indian or western origin showing men and women singing and dancing together, which conservatives often describe as contrary to Islam and Afghan culture.Humayun denies violating a ban on broadcasting “anti-Islamic images.” Some sources have said he has been threatened. The government has meanwhile set up a commission to establish whether the operator broke any rules.Afghan Cable Centre, which currently has about 700 subscribers and carries six news and entertainment channels, was previously banned by the Jalalabad authorities in December 2002. A few weeks later, the supreme court banned cable TV throughout Afghanistan. The government thereafter drew up a broadcasting code and a list of authorized TV stations, and new licences were issued in May. Follow the news on Afghanistan October 6, 2003 – Updated on January 20, 2016 RSF_en AfghanistanAsia – Pacific News May 3, 2021 Find out more Help by sharing this information News RSF asks International Criminal Court to investigate murders of journalists in Afghanistan March 11, 2021 Find out morelast_img read more

Arroyo Food Co-op Leases Former Pasadena Grocery Kicks Off Capital Campaign

first_imgEVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Business News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Herbeauty7 Reasons Why The Lost Kilos Are Regained AgainHerbeautyHerbeautyHerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeautyHerbeautyA Dark Side Of Beauty Salons Not Many People Know AboutHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeautyHerbeautyA Woman Being Deceptive About Her Age Is Nothing New!HerbeautyHerbeautyHerbeautyWant To Seriously Cut On Sugar? You Need To Know A Few TricksHerbeautyHerbeauty Subscribe Community News Your email address will not be published. Required fields are marked * Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Community News Following an overwhelmingly positive vote by its membership, the Arroyo Food Co-op has leased a former grocery in central Pasadena, taking a major step toward opening its long-awaited community-owned grocery store.Over 98% of the Co-op members who voted gave their approval for the Board of Directors to sign the lease on the approximately 4,900 square-foot building at 494 N. Wilson Avenue at Villa Street. The building was once the site of George’s Market.“We looked high and low to find just the right spot to open the Co-op. We looked for all those things that make a location a good location,” said Tricia Keane, president of the Co-op’s Board of Directors. “We wanted it to be as close to our members as possible, and conveniently located for members of the public. I always had a dream that we would find a former grocery store just waiting for new people to move in, and, apparently, dreams do come true. The former George’s Market site has all the things we were looking for—and then some. This is truly an exciting time to be part of the Arroyo Food Co-op.”Along with signing the lease, the Co-op announced the kick off of its capital campaign to raise the final funds necessary to open its doors. The Co-op needs approximately $70,000 to refurbish and renovate the site and another $251,000 for operational expenses, primarily inventory. Although loans from the co-op’s existing members will form the bulk of these funds, the co-op is actively seeking new members. Furthermore, current members are being encouraged to reach their full membership investment if they have not already. The Co-op currently counts a total of 550 members, both full- and partially-vested.“All the signs seem to be pointing us in this direction,” said Patrick Reagan, Co-op CFO and founder. “This wonderful site, the strong health of the Co-op’s finances, and the promising response we’ve received from the community, all compelled us to jump when this lease opportunity came up. Years of hard work have brought us to these last steps before we open our doors. With the community’s continued support, we’ll clear these remaining milestones, establish a significant resource for healthy food, and provide yet one more example of how well the cooperative business model works for a local economy.”A devoted cadre of volunteers, led by an eight-member board of directors, is spearheading the effort to open the Co-op. Nearly five years in the making, the Arroyo Food Co-op was formally established as a California Consumer Cooperative Corporation in 2009. It will serve as an alternative to corporate-owned grocers in the region and will be entirely owned by its members. It will offer organic, sustainable, and locally sourced products along with humanely raised meats, fair trade items, and non-GMO produce. Features such as a deli, coffee bar, and community space are also being considered.Everyone is welcome to shop at the co-op, but those who make the investment to become member-owners receive additional benefits, including patronage refunds during profitable years. The full investment to join is $300; however the co-op offers a payment plan of $30 per year.For more information about the Co-op’s location, its capital campaign—including how to make a loan—and becoming a member, visit Make a commentcenter_img First Heatwave Expected Next Week faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes More Cool Stuff Top of the News Neighborhood News Arroyo Food Co-op Leases Former Pasadena Grocery Kicks Off Capital Campaign From STAFF REPORTS Published on Tuesday, April 2, 2013 | 11:09 am Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Name (required)  Mail (required) (not be published)  Website  10 recommended0 commentsShareShareTweetSharePin it Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

BNFL fast-tracks talent to bridge succession gap

first_imgBritish Nuclear Fuels (BNFL) is fast-tracking talented young managers in abid to minimise the threat of any potential succession difficulties. BNFL recruits about 100 graduates each year, and usually has little problemretaining staff. However, the company realises it faces significant changesover the next few years, and many of its current senior managers are due toretire within the next 15 years. The new Catalyst programme, designed in conjunction with HR consultancy DDI,aims to bridge the succession gap by providing 10 years’ development in justthree years. Sue Stockton, head of leadership development at BNFL, said the company’s HRteam has worked closely with representatives of its business groups to securetheir buy-in, ensuring they understand how the process works and know how tonominate candidates. The company launched a communication programme so that all staff canunderstand how it will affect their development opportunities. Stockton said: “We are confident that we now have a robust process thatwill help us to quickly identify and develop those who will play a crucial rolein securing the company’s future.” Selection for Catalyst is based on an interview to assess candidates’potential for senior management roles. This is followed by a one-dayassessment, where candidates are measured against a set of leadershipcompetencies. Each candidate receives personal feedback on their performance and workswith a DDI coach to draw up a development plan to help them acquire the skillsand experience they need for a senior management role. Previous Article Next Article BNFL fast-tracks talent to bridge succession gapOn 4 Nov 2003 in Personnel Today Related posts:No related photos. Comments are closed. last_img read more