Should I buy the Lloyds Bank share after its 30% price increase?

first_imgShould I buy the Lloyds Bank share after its 30% price increase? Manika Premsingh | Tuesday, 12th January, 2021 | More on: LLOY See all posts by Manika Premsingh Lloyds Bank (LSE: LLOY) has made sharp gains in the past few months. On average, the Lloyds Bank share price is up more than 30% since October. It’s also among the biggest FTSE 100 gainers today, indicating that the worst may be over for the long-languishing financial services stock. Three reasons the LLOY share price can riseI think there are also plenty of reasons why its share price can rise in the foreseeable future. 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…For one, there’s now light at the end of the Covid-19 tunnel. Investors are bullish now it’s widely believed that it’s only a matter of time before life goes back to normal. In fact, the wider stock market rally alone can continue to drive up share prices of individual stocks like LLOY. Two, the Lloyds Bank, like other FTSE 100 counterparts, can start paying dividends now. And they are unlikely to face disruption again. The Bank of England has just said that barring banks from dividend payouts last year was a particular situation. Income investors can be encouraged by this.Three, the bank’s prospects look good too. According to The Financial Times, analysts expect improvement in LLOY’s financials. On average, they also expect the share price to rise slightly from its current levels. Going by the fact that its share price is still much lower than pre-crisis levels, I think there’s even more reason to believe that the upturn will continue. Two reasons to be cautiousBut there are also reasons for caution. I had detailed some of them in my article on LLOY last week. Risks from the national lockdown and Brexit are high, in my view. They can diminish the economic outlook and, relatedly, the bank’s prospects for 2021. Also, its long-term share price history inspires little confidence. If it were more obvious that things would improve in 2021, I could feel confident about the Lloyds Bank share. But not right now. What I’d do nextSo what wins on balance? The bulls or the bears?There’s no denying that LLOY is a very popular stock among investors. I think long-term income investors, who are focused only on the income aspect of the stock, might be one set that find it attractive. Those who buy now will probably get a higher dividend yield from an investment in LLOY, as the price will quite likely rise at least a bit when dividends kick in.I’m not that investor, however. I do like both capital growth and income and in that department the Lloyds Bank share leaves me wanting. Many other FTSE 100 stocks offer the option of both growth and income. One example is the utility provider Severn Trent, which I wrote about in some detail yesterday. Besides, right now, I don’t even know the dividend amount LLOY will finally decide on and whether it will be competitive. I’ll wait at least until the lockdown lifts to get a clearer understanding of the economic environment before I consider buying the Lloyds bank share.  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. 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. Our 6 ‘Best Buys Now’ Shares Enter Your Email Addresscenter_img Manika Premsingh has no position in any of the shares mentioned. The Motley Fool UK has recommended Lloyds Banking 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. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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. Image source: Getty Images. last_img read more

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8 great corporate fundraising partnerships for the end of April 2017

first_img  89 total views,  1 views today Melanie May | 27 April 2017 | News SPAR & Marie CurieSPAR has launched a partnership with Marie Curie starting with its support of March’s Great Daffodil Appeal. During the appeal, it had donation boxes in many of its stores, and SPAR employees will now fundraise for the charity. SPAR will also be supporting Marie Curie fundraising campaigns throughout the year, including the charity’s Blooming Great Tea Party in June.Image: Aoife Gillen, Enniskillen helping to promote Marie Curie at McBrides SPAR in Enniskillen. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis50 Paterson’s & MacmillanPaterson’s has raised over £75,000 for Macmillan so far and has launched a drive to raise another £25,000 in the next three months to bring its total for the year to £100,000. Paterson’s donates a percentage of the proceeds to the charity for every promotional pack of its shortbread sold across the country, and will be encouraging more people to buy the packs to help it reach its target.Image: copyright Lesley Martin. Ceres Charity Luncheon & Matt Hampson FoundationThe Nicholls Spinal Injury Foundation (nsif) and the Matt Hampson Foundation are the joint beneficiaries of £40,000 raised by the 5th annual Ceres Charity luncheon, which took place on 19th April at Cheltenham Racecourse. The event included auctions and a raffle, with a Q&A session with Matt Hampson, who was paralysed from the neck down during an England Under 21 rugby training session in 2005. Land Securities & Barnardo’sLand Securities has chosen Barnardo’s as its new charity partner, in a three-year partnership. The charity was chosen through an employee vote. The firm has already started fundraising for the charity, with events taking place in Land Securities’ offices and retail sites across the UK between 17th-23rd April with staff ‘Going Green for Barnardo’s’ to raise money for the charity. Tagged with: corporate Fundraising ideas Montblanc & UnicefMontblanc and Unicef have announced the continuation of their long-standing partnership to help vulnerable children worldwide access education.   The partnership was formed in 2004, and has to-date raised more than US$10 million for UNICEF. In this next stage of the partnership, Montblanc aims to support UNICEF to improve the learning for over five million children.Image:  Stephen A. Schwarzman Building during the Montblanc & UNICEF Gala Dinner at the New York Public Library. Photo by Dimitrios Kambouris/Getty Images for Montblanc Hyundai & Stand Up To CancerHyundai is supporting Stand Up To Cancer this year, showcasing a one-of-a-kind IONIQ Electric vehicle with a unique fundraising mechanism at a series of high-profile events and at Hyundai dealerships across the UK between May and November 2017. The firm will also be challenging its staff to participate in a number of fundraising challenges during the summer months and will be encouraging customers to support, fundraise and donate through its social media, online and customer communications.center_img  90 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis50 Advertisement 8 great corporate fundraising partnerships for the end of April 2017 [youtube height=”450″width=”800″]https://www.youtube.com/watch?v=i2_R5Rcys0s[/youtube]Stella Artois & Water.orgStella Artois has partnered with Water.org to launch ‘Buy a Lady a Drink,’ a campaign to help raise awareness of the global water crisis. Stella Artois has created a series of films for the campaign, focusing on women from communities where the charity works, their journeys to collect water and the difference having a water tap installed makes to their lives. The campaign asks people to buy a limited edition Stella Artois chalice, which will provide clean water for one person for five years. Stella Artois has also donated $1.2 million. Main image: Launching the SPAR and Marie Curie partnership at SPAR Enniskillen Manchester PA Network, Cloud 23, & The ChristieThe Manchester PA Network teamed up with the Hilton Manchester Deansgate Hotel, and Cloud 23 earlier this year to raise funds and awareness for The Christie charity. During February and March guests at the hotel could add a £1 donation to their afternoon tea and daytime drinks bills as a donation to The Christie. The Manchester PA Network has pledged to raise £100,000 for The Christie and has so far raised over £75,000. This most recent event raised £1,863. To end April, here are eight more corporate fundraising partnerships from around the UK, and with a variety of charities.Activities range from a charity luncheon, to an on-pack promotion, a limited edition glass, and in-store fundraising, in support of new partnerships such as Hyundai’s with Stand Up to Cancer, as well as ongoing ones, such as Montblanc’s with Unicef, which began in 2004. About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

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Verizon strike ends after 44-day workers’ struggle

first_imgMay 29 — On May 27, some 39,000 union workers at Verizon ended a strike that started on April 13, after almost 10 months of fruitless negotiations between two unions and the capitalist communication giant. Verizon made more than $39 billion in profit in the preceding three years.Both the Communications Workers (CWA) and the International Electrical Workers (IBEW), who called the strike jointly, are saying that the 44-day strike has brought “huge gains” for the workforce as Verizon was forced to back off from nearly all of its concessionary demands.The strike, which blanketed the East Coast from Massachusetts to Virginia, was one of the longest in recent U.S. labor history. The unions’ defiance of the transnational company in demanding their rights and defending their livelihoods has inspired workers around the country.According to the CWA, Verizon dropped its most egregious demands and has committed to creating 1,300 new union positions at key call centers.A small group of unionized wireless retail workers in New York and Massachusetts are now covered under the contract. This lays the foundation for organizing the large number of low-paid wireless workers. A significant percentage of workers at AT&T wireless retail stores are already under CWA collective bargaining agreements.In exchange for agreeing to hire new call center workers, the company has greater flexibility in re-routing calls between specific locations. There are changes to the health care plans, which, according to the unions, will save Verizon money without compromising the quality of benefits.Verizon workers are to return to their jobs on June 1, the date when the agreement will be discussed in full and the ratification vote will begin. It will be important, in the next few weeks, to listen to what the rank and file has to say about the new contract.Why government intervenedThe strike ended with a tentative agreement after the intervention of U.S. Secretary of Labor Thomas Perez. The capitalist state was forced to intervene since this massive strike was taking place during the national election period and because both CWA and IBEW conducted a strike consistent with the militant determination of its members.If this effective East Coast strike had dragged on, the poor service being delivered by scab technicians could have impacted the functioning of Wall Street or the federal government, including the Pentagon.What Verizon demandedSignificantly, the centerpiece of the negotiations was not wages but rather Verizon’s extortionary demands. These included (1) eliminating no-layoff protections for workers hired before 2003, unless “the unions agreed to other concessions;” (2) enabling Verizon to have free rein on outsourcing and offshoring its work; (3) no longer routing technicians to homes that have land lines and the right of Verizon to route those services to contractors for up to nine months; (4) the right to transfer workers up to 80 miles from their current work location for up to 60 days and to make Sunday part of the workweek; (5) the elimination of Article 8, which would eliminate seniority when “transfers become necessary;” (6) shifting the health care costs on to retirees; (7) cutting back on insurance disability for members injured on the job; and (8) ending profit sharing.The strike was also called over Verizon’s attempts to eliminate the landline business — including forcing consumers to switch to more expensive wireless products — which would drastically reduce the amount of work for union technicians. Verizon has ignored its commitments to install FiOS (fiber optic service), prioritizing instead the expansion of faster-growing, more profitable divisions.Solidarity and unityIn early May, Verizon cut health benefits for strikers because they did not accept its wide-ranging demands. The unions fought back by picketing Verizon retail stores all over the country — not just in states affected by the strike.The striking unions reached out to other unions to build solidarity. Steelworkers Local 8751, the Boston School Bus Drivers Union, for example, walked the picket line and attended every solidarity rally. The CWA supported Food and Commercial Workers Local 400 when it voted to strike Kroger’s southern supermarkets.Offshoring jobs from call centers remains a big issue. Already, 5,000 call center jobs have been moved overseas, including to the Philippines. Some 13,000 strikers work at call centers.A CWA delegation that went to the Philippines in May to investigate the outsourcing of call center jobs found out from workers there that they were being paid poverty wages of $1.78 an hour.  At Verizon’s headquarters at Alabang, near Manila, an armed security squad with automatic weapons confronted the delegation, which was traveling with a representative of UNI, a global labor federation, and KUM, a Filipino union.In a letter signed by nine IBEW business agents, the union stated, “We have emerged from an ideological war with a corporation that believed that this was their opportunity to break the Union. … When faced with the elimination of our medical coverage the company thought that would be a crushing blow; believing we’d fall apart. When that didn’t happen the Verizon brass realized that they had severely underestimated our Solidarity.”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Can’t Direct Govt To Release Financial Aid For Lawyers : Karnataka HC Urges Bar Council To Approach Senior Advocates For Donations [Read Order]

first_imgNews UpdatesCan’t Direct Govt To Release Financial Aid For Lawyers : Karnataka HC Urges Bar Council To Approach Senior Advocates For Donations [Read Order] Mustafa Plumber8 May 2020 9:57 PMShare This – xThe Karnataka High Court has said that it is unable to direct the Central and State Government to release funds for the welfare of advocates enrolled with the Karnataka State Bar Council (KSBC) and those who are deprived of income on account of courts being closed in the state during the lockdown.The Court said that utilization of funds for relief was a policy matter of the executive. Instead,…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Karnataka High Court has said that it is unable to direct the Central and State Government to release funds for the welfare of advocates enrolled with the Karnataka State Bar Council (KSBC) and those who are deprived of income on account of courts being closed in the state during the lockdown.The Court said that utilization of funds for relief was a policy matter of the executive. Instead, it suggested that appeal be made by KSBC to senior advocates to donate funds for assisting needy advocates during lockdown. A division bench of Chief Justice Abhay Oka and Justice B V Nagarathna disposed of petitions filed by Advocate H C Shivaramu, who is the Former Chairman of Karnataka State Bar Council and Advocates Anantharaju B G and Chaluvaraju B C. The bench said “It is true that several advocates will be affected due to closure of the Courts as a result of COVID-19. It is an accepted position that both the State as well as the Central Governments are facing severe cash crunch. Both the Governments are required to deal with the marginalized sections of the society who are in large numbers and who are deprived of even daily food requirements as a result of COVID-19. Ultimately, it is a matter of policy for the State as well as Central Governments to take a decision of utilization of the limited resources available with both the Governments. The priorities for the use of available resources is also a matter of policy. That is the reason why we are unable to issue a writ of mandamus directing both the Central Government and State Government to release the amounts.” It was stated in the petition filed by H C Shivaramu, that though advocates are considered as an “elite” group in the society, there are many who are dependent on daily income but they are deprived of it at present as courts are closed. The plea sought release of ₹50,000 each to the needy advocates as ex gratia from the Bar Council Of India (BCI) Advocates’ Welfare Fund and the KSBC Advocates’ Welfare Fund under the scheme for financial assistance to indigent and disabled advocates. The plea mentioned that the Delhi Government has sanctioned Rs 50 crore to the Delhi Bar Council for offering assistance to the needy advocates. Thus a similar direction be issued to the State and Union Government to grant Rs 50 crore each to the Karnataka State Bar Council Welfare Fund. Senior counsel appearing for KSBC pointed out that it is utilizing the said amount of Rs.45,00,000 as well as a sum of Rs.2,00,00,000, from its own funds to render financial assistance to those advocates who have not completed ten years in the legal profession and those who satisfy the eligibility criterion set out. A large number of applications have been received by KSBC which are being processed. He states that in the case of women advocates, KSBC is considering relaxation of the condition of not practicing for ten years. Following which the bench said “Essentially, a relief can be granted to the advocates only on cessation of practice as provided under Section 16 of the Karnataka State Advocates Welfare Fund Act. Therefore, if assistance is to be granted to the members of Karnataka State Advocates Welfare Fund for dealing with a situation arising due to spread of COVID19, the State Government will have to amend the said Act. The petitioners can always make a representation on that behalf.” However, to assist all class of advocates the court suggested KSBC to make an appeal to senior advocates to make donations which can be used for welfare of needy advocates. “We are sure that if KSBC makes a request to the learned Advocate General who is the leader of the Bar to convene a meeting of the senior members of the Bar for assisting KSBC to collect donations, the learned Advocate General will assist KSBC in its efforts to generate funds so that the help can reach all the needy members of the Bar,” the bench said. It added that “We are sure that considering the rich traditions of the Bar in the State, if an appeal is made by KSBC to the members of the Bar, it will receive a spontaneous response and a large amount will be collected by way of donations which will ultimately reach the advocates who badly need financial assistance in the present crisis.”Click here to download orderRead Order   Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

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Houston American Energy acquires stake in Llanos Basin block in Colombia

first_img Image: Houston American Energy has acquired the CPO-11 block in the Llanos Basin in Colombia. Photo: courtesy of Adam Radosavljevic from Pixabay. Houston American Energy has acquired a membership interest in Hupecol Meta, which owns the CPO-11 block in the Llanos Basin in Colombia, for an undisclosed amount.The 639,405 gross acre CPO-11 block comprises the 69,128 acre Venus Exploration area which is operated by Hupecol Operating, and 570,277 acres which was 50% farmed out to Parex Resources by Hupecol last year.Houston American, through its membership interest, owns a 1% stake in the Venus Exploration area as well as 0.5% interest in the remainder of the block.Hupecol is planning to commence drilling in the Venus Exploration area beginning with the Venus-1 horizontal well in December 2019.As per the farm-out agreement covering the balance of the CPO-11 block, Hupecol plans to drill the Daisy-1 vertical well in November 2019 followed by the Montuno-1 well at no cost to Houston American, in February 2020.Drilling of additional wells is planned during 2020 based on initial drilling results.Houston American Energy CEO Jim Schoonover said: “We are excited to resume our operations in Colombia alongside our historic partner, Hupecol, and Parex, a leading operator in Colombia.“In addition to participation in a potential large scale drilling and development program represented by CPO-11, we expect that resumption of our investment alongside Hupecol and investing alongside Parex will offer the potential to further expand our footprint in Colombia.“The addition of CPO-11 compliments our recent efforts to expand our acreage position which, over the last year, has resulted in the acquisition of positions in two blocks in the Midland sub-basin of the Permian Basin totaling approximately 6,500 gross acres plus the 639,000+ gross acre CPO-11 block.“Together, we expect those acquisitions to provide a multi-year inventory of drilling prospects with the potential return to growth in production, proved reserves, revenues and a potential return to profitability.”CPO-11 block comprises multiple identified leads and prospectsCovering 1,609.3km2, the CPO-11 block comprises multiple identified leads and prospects which are expected to support a multi-well drilling program.In August 2019, Houston American agreed to acquire a 20% stake in an existing 5,871 gross acre block in the San Andres formation in the Northern Shelf of the Permian Basin in the US from an undisclosed seller.As per the terms of the agreement, Houston American agreed to bear 26.667% of the expenses incurred on an initial test well through the point at which it is drilled, completed, equipped and set for operation, production or disposal. Following the transaction, Houston American now owns a 1% stake in the Venus Exploration area as well as a 0.5% interest in the remainder of the blocklast_img read more

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Supermarket hits Shoreditch

first_imgSupermarket started out in Trinity term of 2008 running twice a term. Following its immense popularity, this was increased to four times a term during Trinity term of 2010. Ben Coopman, who recently graduated from Corpus Christi with a 2.1 in Classics and English, began the night at Babylove in Trinity term 2008.  The launch night of Supermarket in London will be on 1st October, in Avalon Club on Shoreditch High Street, and will continue every Friday night from 15th October. A finalist student who has been promoting at Oxford’s clubs for the last two years, said, ‘I think it’s fantastic that Oxford, which does not traditionally have a reputation for clubbing and nightlife, is having one of its major brands exported to a larger market. Oxford nightlife is certainly underrated; with the two universities there is both the demand and increasingly the supply of high quality nightlife. Launching Supermarket in London will be great for Oxford’s image, and I think the night will be really well suited to London.’center_img Coopman is setting up the night in London along with Marcus Haughton, who put on a post-punk night at The Adelphi in Leeds. Coopman acknowledged, ‘There is a lot more competition in London and the night is a lot harder to market; it’s not as simple as putting up flyers in colleges. It’s really exciting and we are really looking forward to it.’ The popular Oxford club night ‘Supermarket’ is soon to be launched at a club in Shoreditch, one of the trendiest parts of London, quashing claims that the Oxford clubbing scene is below par.last_img read more

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VANDERBURGH COUNTY COUNCIL AMENDED AGENDA

first_imgOCTOBER 4, 2017 8:30 A.M. ROOM 301 AMENDMENTS TO SALARY ORDINANCE: APPROPRIATION ORDINANCE: (A) CLERK(B) CORONER(C) ELECTION OFFICE (D) AREA PLAN(E) JAILREPEAL: (A) SHERIFFTRANSFERS: (A) SHERIFF(B) JAIL(C) SUPERIOR COURTOLD BUSINESS: (A) PUBLIC COMMENTREMINDER NEXT MEETING DATE/TIME: November 1, 2017 @ 8:30 a.m.ADJOURNMENT (F) OLD NATIONAL EVENTS PLAZA (G) LOCAL ROADS & STREETS(H) HIGHWAY(I) SHERIFF/COIT(D) DADS(E) LEGAL AID(F) HEALTH DEPARTMENT (3) FacebookTwitterCopy LinkEmailShare APPROVAL OF MINUTES – Regular & Budget meetings for September 6, 2017PERSONNEL REQUESTS:(A)  SUPERIOR COURT/Request to fill vacancy for Bailiff(B)  AUDITOR/Request to fill vacancy for Real Estate Clerk(C)  SHERIFF/Request to fill vacancies for 3 Deputy Sheriffs(D)  ASSESSOR/Request to fill vacancy for Residential Real Estate Deputy(E)  SUPT OF CO BLDGS/Request to fill vacancy for Carpenter(F)  HEALTH DEPARTMENT/Request to fill vacancy for part-time Administrative Aide(G)  INDIANA CIVIL LEGAL AID/Request to fill vacancy for part-time Attorney center_img NEW BUSINESS:(A)  SOLID WASTE MANAGEMENT DISTRICT/Budget Adoption(B)  EVANSVILLE-VANDERBURGH AIRPORT AUTHORITY DISTRICT/Budget Adoption(C)  GAGE/Tax Phase-in Compliance(D)  RESOLUTION CO.R-10-17-019/Resolution for Stepping up to Reduce the Number of People with Mental Illnesses in Jails(E)  ORDINANCE CO.10-17-022/Recorder’s Request to Fund Office Expenses out of the Records Perpetuation Fund (A)  AUDITOR(B)  SHERIFF (2)(C)  ASSESSOR(D)  SUPT OF CO BLDGS VANDERBURGH COUNTY COUNCIL AMENDED AGENDAVANDERBURGH COUNTY COUNCIL (E) SUPERIOR COURT(F) HEALTH DEPARTMENT(G) HIGHWAY(H) INDIANA CIVIL LEGAL AID NO PERSONNEL AND FINANCE MEETING SCHEDULED OPENING OF MEETINGATTENDANCE ROLL CALLPLEDGE OF ALLEGIANCEINVOCATIONlast_img read more

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Cupcake challenges

first_imgWe weren’t joking when we foretold of a cross-Atlantic cupcake arms race kicking off in July. To recap: the official Guinness World Record for the world’s biggest cupcake was broken in mid-July. Then it emerged that a cupcake was unofficially constructed in Covent Garden, London, one day earlier, which dwarfed the States’ effort (Guinness? Pah!).The cupcake Cold War has since heated up considerably, with the latest effort on 15 August in Detroit weighing in at 555.197kg, smashing both the 68kg record of last month and the UK cupcake’s 150kg.Now, it emerges that Kellie Allen of The Cupcake Café in Long Bennington, Newark, Notts, is going to ramp up the tension by facing off the Yanks, with her own record attempt set to coincide with our National Cupcake Week from 14 September.”I’m getting a local company, called Laurens, to sponsor me. And my partner owns a truck body-building company, so he has a large oven I can bake it in,” she tells Stop the Week.”I’m also roping in a retired Italian baker who is going to work out how much mixture I need. I may get other companies to sponsor me and give the proceeds to a local charity.”Kellie admits to being behind on the organising as the small matter of giving birth to her second baby has got in the way. Quite literally. “I was in my cafe working when I went into labour so our nickname for baby Autumn is Cupcake,” she says.l If any readers would like to help out or sponsor, contact [email protected] For details of the US record go to: tinyurl.com/mchflclast_img read more

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Nick Bunker to lead Pladis UK as Eggleton steps down

first_imgFormer KP Snacks and Cadbury boss Nick Bunker is to lead McVitie’s owner Pladis in the UK.Pladis said the appointment of Bunker followed the decision of current Pladis UK & Ireland MD Jon Eggleton to “step down from his role to pursue new opportunities outside of Pladis”.Eggleton had led the business, which includes former United Biscuit brands McVitie’s and Jacob’s, for 14 years. United Biscuits became part of the Pladis operation following its acquisition by Yildiz Holdings in 2014.Pladis global CEO Cem Karakas thanked Eggleton for his “strong contribution and deep commitment to Pladis and our brands”.“During his tenure, we have successfully integrated the former United Biscuits business into the newly created Pladis organisation and built a strong foundation for continued growth in our core UK and Ireland region and beyond,” he added.Bunker, who takes up the new role on Monday (6 November), was most recently CEO of KP Snacks, which was previously part of United Biscuits and was sold to German snacking giant Intersnack five years ago.Pladis said Bunker had led the “re-structuring of the business and the revitalisation of the brand portfolio through innovation, marketing and reducing complexity”.Before joining KP Snacks, Bunker held senior roles at Kraft including managing director of Kraft Foods Gulf Cooperation Council GCC region, and managing director of Kraft Foods Czech and Slovak Republics.He was also president of Kraft Foods and Cadbury UK/Ireland, where he led the integration of the Kraft and Cadbury businesses.Bunker said he had “long admired” Pladis’ brand portfolio: “I am looking forward to working with the whole Pladis team to continue to develop the business and the outstanding opportunities ahead.”Karakas described Bunker as a “highly experienced and talented executive”.last_img read more

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NOLA Musicians Help Sway City Council To Unanimously Pass Marijuana Reform Legislation

first_imgIn a unanimous voting, the New Orleans City Council has voted 7-0 in favor of supporting reformed legislation on marijuana. The new policies allow officers to issue citations for marijuana possession, as opposed to making arrests or issuing summons to offenders. For first-time offenders, the fine is only $40; a large step up from time spent in a holding cell and/or in court.While officers still have the right to arrest offenders, this new leniency will greatly reduce the number of non-violent drug offenders in the city of New Orleans. The new policy received some staunch report from local New Orleans musicians, including a long list of legends. Kermit Ruffins, Phil Frazier (Rebirth Brass Band), Terrence Houston, Billy Iuso, KC O’Rorke (Flow Tribe), Papa Mali, Eric “Benny” Bloom, Tom McDermott, Meschiya Lake and more all came out in support.“We are are extremely impressed that all seven councilmembers supported this common sense marijuana reform,” said Kevin Caldwell, Executive Director of CommonsenseNOLA, in a piece published on OffBeat Magazine about the vote. “It’s a great day for the City of New Orleans.”This is definitely a step in the right direction, and a great win for the people of New Orleans.last_img read more

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