Sunny autumn boosts sales for Wetherspoon’s

first_img Share Wednesday 5 November 2014 8:35 pm British pub chain JD Wetherspoon has recorded a like-for-like sales increase of 6.3 per cent in its first quarter of the year, with total sales up 11.3 per cent. The sales increase came despite October being a drag on the quarter’s figures, as like-for-like growth decreased over the month.JD Wetherspoon founder and chairman Tim Martin told City A.M. that Britain’s Indian summer this year played a strong role in the sales numbers: “We had exceptionally good weather in August and September, and when reality dawned in October, I think there was a natural slowdown.”There was less good news for the low-cost pub proprietor’s operating margin, which was down to 7.7 per cent from 8.3 per cent in the same period last year. The company pointed towards increased supplier costs, a four per cent utility costs increase and a five per cent pay rise for staff in October as reasons for the slump. Martin said: “Having had record year in the previous year, we decided to push ahead on staff wages a bit. And, certainly in the short term, that will have an impact on margins.”As a result of the sales slowdown in October, combined with the cost increases, the company said it was anticipating an operating margin in the range of 7.2 per cent to 7.8 per cent for the current financial year. Martin added: “It was a reasonably good quarter: sales were good and we got a lot of new pubs on site for the future. “It’s only a short period, so you can’t read to much into it, but a pretty good performance overall.” whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Ollie Gordon Sunny autumn boosts sales for Wetherspoon’s Tags: Company J D Wetherspoon Show Comments ▼ whatsapp Tim Martin has scrapped the Wetherspoon interim dividend after Boris Johnson warned Brits to not visit pubs and restaurants Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoYahoo! SearchResearch Car Donation For CharitiesYahoo! SearchUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndolast_img read more

Japan PM delays tax hike and dissolves parliament

first_img Share whatsapp Tags: NULL Japan’s Prime Minister Shinzo Abe will go ahead with plans to postpone a planned hike in the controversial consumption tax. The tax was originally planned to be raised in October 2015, but will now stay at its current level for another 18 months – until April 2017.Abe made the announcement at a meeting of his Liberal Democratic Party (LDP) yesterday, where he also said he would call a snap election.“The general election – not required until December 2016 – will give Abe the opportunity to reshuffle the cabinet (plagued by political-funds scandals in October) and reassert his own, and the LDP’s, mandate,” said analyst Alison Evans from market information providers IHS. The increase in the consumption tax from five per cent to eight per cent in April 2014 was seen by many economists as the cause of the new recession that began in July. “The combination of the Prime Minister Abe postponing the planned consumption tax hike and dissolving the Lower House is well timed and is the crucial point for the success of Abenomics. Japan’s economy is like a child carrying a glass vase – it can make it to the other side but can also fall apart. This vote cannot fail,” said economist Genzo Kimura from Sumi Trust. “Abenomics” was Abe’s three pronged approach to boost growth and defeat the deflation that has plagued the Japanese economy since the early 1990s. It involves fiscal and monetary stimulus as well as structural reform, but has so far failed to achieve its goals.Data released on Monday showed the economy contracted from July to September, meaning the economy was in recession. However, many believe it is unlikely to dent Abe’s popularity as the opposition remain fragmented.“It is unlikely that the majority of voters will vote against PM Abe if he goes ahead with this plan, with the likely outcome of the ruling coalition of the LDP and Komeito swooping to victory,” said Kimura. Show Comments ▼ Tuesday 18 November 2014 8:54 pm whatsapp Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinition Japan PM delays tax hike and dissolves parliament last_img read more

Ed Balls talks business: Markets alone won’t deliver for the UK, says shadow chancellor

first_imgMonday 9 February 2015 5:48 pm  It’s been a bit of a bruising few days for those in the Labour Party charged with finessing its relationship with the UK’s top business leaders.  But that won’t stop Ed Balls relishing the prospect of speaking at the British Chambers of Commerce’s annual conference tomorrow in front of hundreds of business leaders.  Rather than viewing the assignment as stepping into the lions’ den, the shadow chancellor sees the conference as an ideal place at which to test the temperature and the mood of the business sector. “If you want to feel the pulse of what’s going on, the chamber of commerce is a really good place to be.” Balls appears to be growing in confidence about his and his party’s message for business, despite some outspoken criticisms made by leading business leaders in the past few days. He appears relatively untroubled by claims from those like former M&S boss Stuart Rose or Stefano Pessina, the acting chief executive of Walgreens Alliance Boots, that it would be damaging for the economy if Labour was elected. “The reality is that there are some business leaders who are signed up and active members of the Conservative Party and there are some who give money to Labour,” says Balls. “The majority of people who lead and work in businesses are not party political.” “I don’t find that people think we are on a different side. We’re all working for the same objective, an economy which works in a long-term way, has sufficient investment and can deliver living standards for all.” Balls says the British Chambers of Commerce conference gives him an ideal platform to put forward policies which he firmly believes are pro-business.  The key planks of the shadow chancellor’s strategy rest on staying in Europe; investing in long-term skills training; setting up a business investment bank and having a long-term plan for infrastructure projects. Labour intends to set up a National Infrastructure Commission to identify Britain’s long-term needs as one of its priorities if it’s elected in May. Europe is the subject that possibly unites Labour with more business leaders than any other, with strong business support for reforming the UK’s membership of the EU from within.  “When you have Cabinet ministers openly speculating about leaving Europe, you are playing fast and loose and there’s a high risk to business.” “If we say we’re considering walking away, there’s a danger that becomes a self-fulfilling prophecy.” He finds the economy in better shape than it was but he is worried about several, what he terms, structural issues. For instance,  he says that Britain’s export performance has worsened over the past few years and that the country has gone backwards on vocational training.  These issues, he argues, are the result of a lack of long-term thinking in government, which has seen the economy grow on the back of falling commodity prices.  He says Britain’s export performance has come in at 22 out of 28 countries since 2010 in terms of export growth. “We need to ask some questions here like what can we do to support the export market and what can a British investment bank do.” To those who say that Labour is anti-markets, Balls replies: “We have shown a huge understanding of how the markets work. Markets are really powerful in driving incentives but you need to write the rules of the game. Without them you get a lack of investment, collusion and a lack of competition.” “Markets alone won’t deliver long-term infrastructure, or stability for the energy industry or vocational learning. Markets can not fund a basic science base.” “But a proper plan must understand the dynamism of a market economy and ensure that government plays its proper role in assisting that.” The government’s role in policing HSBC’s tax avoidance scheme in Switzerland is also troubling Balls.  “I want the financial services industry to succeed in the future but for that to happen we need the City and other financial professional services to be seen to be working to tougher standards and to tighter regulation. Every time we have a case like this, or Libor, or FX fines, this sets back London’s standing.” Balls then reflects on his time as City Minister. “When we set up the Financial Services Authority we wanted to move beyond the era of self-regulation and the Conservatives said we were being too tough… in retrospect we weren’t tough enough.” whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldLivestlyThe Best Redhead Actresses, RankedLivestlyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyGive It LoveRemember These Rare Sisters? See Them NowGive It LoveSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MD whatsapp Ed Balls talks business: Markets alone won’t deliver for the UK, says shadow chancellor Sharecenter_img Tags: General Election 2015 Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comFort Bragg soldier accused of killing another servicewoman over exthegrio.com Sarah Spickernell last_img read more

Exova’s latest buy takes firm into new sector

first_img Show Comments ▼ Monday 9 February 2015 8:40 pm Exova’s latest buy takes firm into new sector Express KCS More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com TESTING and advisory firm Exova Group has bought environmental testing company Environmental Evaluation (EEL) for an undisclosed amount.Oldham-based EEL employs 83 staff and specialises in asbestos management services for the nuclear decommissioning industry. Edinburgh-based Exova said the deal would extend its geographical reach and capabilities in the UK, “as well as opening up growth opportunities in new market segments”. According to the company, demand for environmental testing has increased as organisations aim to meet increasingly stringent national and international regulations. Exova said it is now “well positioned to capitalise on this demand through its comprehensive range of services”.Ian El-Mokadem, Exova chief executive, commented: “We have successfully integrated a number of businesses into our group over the past 15 months. This deal further underlines our strategy of extending the reach of our business and developing our service offering through strategic acquisitions.”Shares in Exova closed down by 0.33 per cent yesterday. Sharecenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comLivestlyThe Best Redhead Actresses, RankedLivestlyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyGive It LoveRemember These Rare Sisters? See Them NowGive It LoveSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MD whatsapp Tags: NULLlast_img read more

TUI on course for profit growth after merger

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp Tuesday 10 February 2015 2:46 am Billy Ehrenberg Share whatsappcenter_img Tags: Company Mergers and acquisitions TUI AG TUI on course for profit growth after merger by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldInvestbaeRemember Ronda Rousey? Grab A Tissue Before You See Her NowInvestbaeDefinitionWhat ‘Harry Potter’ Characters Were Actually Supposed To Look LikeDefinitionNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyBeach RaiderDo You Agree That She’s The Most Beautiful Woman In The World?Beach RaiderTotal PastAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongTotal Past The figuresTui Group has reported a 23.5 per cent jump in earnings before interest, tax, depreciation and amortisation in its first quarter, and a 5.4 per cent jump in revenues – in line with expectations. Hotels and resorts performed particularly well during the period, it added.The newly formed entity, forged through a merger last year of UK-listed Tui Travel and its German sister company Tui AG, is confident of delivering 10 to 15 per cent growth in its first full year, it said.  Underlying revenue rose 5.4 per cent to €3.5bn, up from €3.4bn in the same quarter last year, a rise of €182.5m. Ebitda was still in the negative at -€107m, down from a loss of -€141m during the same period last year. The loss excluded the sale for €16bn of Riu Waikiki, from within the company’s hotels and resorts sector.Travel, which includes its airline arm, made a loss of €149m, in line with the group’s expectations. Hotels and resorts did its best to plug the gap, increasing profits to €51m.Why it’s interestingPost-merger, the company decided earlier this month Tui to strengthen its ailing airline operations, potentially putting 400-500 German jobs at risk. It’s hoped that will allow Tui’s airlines – TUIfly, Jetairfly and Thompson Airways – to compete with the likes of EasyJet and Ryanair. It looks like the first step is underway, but there is much work to be done.What TUI saidFriedrich Joussen and Peter Long, joint chief executives of Tui Group, said:   Following completion of the merger between TUI AG and TUI Travel PLC in December 2014, the integration of our businesses is well underway, with a new executive committee in place.Based on this result and our current trading, we remain confident of delivering full year underlying operating profit growth of 10 per cent to 15 per cent.In shortThese are important times for the group after the merger, and it needs to harness the low-oil-price environment to efficiently organise its travel operation. Hopefully the result will be another competitive low-cost airline, adding to healthy market competition in the sector and making the most of Tui’s size and potential. Show Comments ▼last_img read more

Lloyds chief Antonio Horta Osorio warns breaking up banks will hurt small businesses

first_img Share Express KCS More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Lloyds chief Antonio Horta Osorio warns breaking up banks will hurt small businesses Splitting off new high street banks from Lloyds and RBS has not helped boost competition for small businesses, Lloyds’ chief claimed yesterday.In a carefully worded warning to Ed Miliband – who wants to break up the big banks – Antonio Horta Osorio said other solutions are needed to help SMEs shop around.“Many things have been tried, from caps on charges to the provision of more information for customers, to structural separation, as we have seen recently with the relaunch of the TSB bank brand on the high street and future relaunch of William and Glyn,” Horta Osorio told the British Chambers of Commerce conference.“The fact that we are now having another inquiry as recommended by the 2011 Independent Commission on Banking suggests that these remedies may not have worked as intended. So repeating the same types of remedy this time around is unlikely to be a recipe for better customer outcomes.”Horta Osorio said a comparison website for small firms’ bank accounts will help, and that Lloyds will put £5m into a prize pot to incentivise web developers to create a suitable site. whatsappcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comLivestlyThe Best Redhead Actresses, RankedLivestlyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableySenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldKate Middleton Just Dropped An Unexpected Baby BombshellElite Herald Show Comments ▼ Tuesday 10 February 2015 9:10 pm Tags: Company Royal Bank of Scotland Group Small businesslast_img read more

Thomas Cook share price falls five per cent on first quarter results

first_imgThe figuresHaving risen yesterday, Thomas Cook shares promptly shed those gains this morning, losing more than 5.5 per cent in early trading, after it posted figures showing first-quarter profits had dipped to £327m in the three months to the end of December, down from £365m during the same period the year before. Like for like revenues edged up 1.6 per cent to £1.5bn, although its underlying loss from operations fell slightly, from £56m in 2013 to £53m this time. Underlying gross margin was 21.6 per cent, three percentage points lower than during the same period last year. Why it’s interestingThomas Cook became the subject of intrigue in November when its chief executive Harriet Green left unexpectedly, only days after telling a conference the company’s fairytale turnaround was “absolutely not done [yet]”. Indeed, when Green joined in 2012, shares had been languishing at 15p. When she departed in November, they were trading at 137p.The reasoning behind Green’s departure is still largely unclear, but in recent weeks shares have shown a cautious recovery: yesterday, they closed at 133p.That’s partly because the company, which is also an airline operator, is benefiting from a fall in fuel prices, a knock-on effect of the plummeting oil prices. Today it reported a “strong end to the summer season it airlines”, with increased passenger volumes. But trouble in the Eurozone is also having an impact: Thomas Cook admitted trading conditions in the region were tough during the three-month period, with early summer bookings in the region down six per cent compared with last year. For investors, that will hardly inspire confidence.What Thomas Cook saidPeter Fankhauser, the travel operator’s new chief executive, said it had made “strong progress”.The trading environment in many of our markets continues to be tough, but we believe the measures we are taking to improve our businesses will continue to strengthen our competitive position. Our strategy remains to generate sustainable profitable growth by providing differentiated and exclusive holidays while driving efficiencies in production and distribution, underpinned by digital excellence. I am confident that our focus on rigorous implementation will continue to drive significant improvements in the group’s performance.In shortWith headwinds coming from Europe, not to mention a dip in shares after the exit of Green, Thomas Cook has challenges to overcome. But with falling oil prices and some well-thought-out hedging, it should be able to weather the storm. whatsapp Wednesday 11 February 2015 4:02 am Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Thomas Cook share price falls five per cent on first quarter results Emma Haslett Show Comments ▼ whatsapp Tags: Company Thomas Cook Grouplast_img read more

Third rail firm up for sale as Angel scouts for buyers

first_img whatsapp RAIL company Angel Trains could follow the path of rivals Eversholt and Porterbrook to become the third British train firm to be sold in a year.Angel is currently owned by a consortium of investors from Australia, Canada, Luxembourg and the UK, which bought the company from the Royal Bank of Scotland in 2008.The firm is reported to have appointed Citigroup to lead a sale of the company. It said in a recent statement that the decision “to investigate the possible sale” would have no impact on operations. “For us, it is business as usual,” the firm said.Angel added that all contracts currently in place with train operators, and those in the pipeline, will be honoured.Eversholt was sold to Hong Kong-based billionaire Li Ka-Shing in January, while Porterbrook was bought by a consortium including Allianz Capital Partners in October last year.Angel Trains declined to comment yesterday. Show Comments ▼ Monday 9 March 2015 12:24 am Third rail firm up for sale as Angel scouts for buyers Express KCS whatsapp Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tags: NULLlast_img read more

Doping in cycling: Why middle-aged businessmen are embracing performance-enhancing drugs – and scaring the pros

first_img Doping in cycling: Why middle-aged businessmen are embracing performance-enhancing drugs – and scaring the pros by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbeszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyHistory 10[Gallery] The 25 Worst Casting Choices of All-TimeHistory 10High TallyThe US Built A New Submarine The World Is Afraid OfHigh TallyPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun whatsapp If a professional is taking a drug, what are they likely to be? Cocaine? Alcohol? According to a new Cycling Independent Reform Commission (CIRC) report into the state of international cycling, that depends on if the businessman’s a cyclist.EPO (Erythropoietin) has been the drug of choice for elite athletes across the world. It has powered marathon victories, possibly a minimum of 15 Tour de France wins, and record ascents of the most brutal mountains in professional cycling. Now, the drug, which dramatically boost the oxygen-carrying capabilities of blood and with it aerobic performance, is trickling down to the amateur ranks, where middle-aged businessmen are using it to train like professionals and win races in the veteran ranks.The report containing the accounts was set up to assess the route that cycling has taken to its current predicament. It was carried out by  the Union Cycliste International’s Independent Commission for Reform in Cycling.Businessmen scaring off the prosMasters races were also said to have middle-aged businessmen winning on EPO, with some of them training as hard as professional riders and putting in comparable performances.Professional cycling is subject to testing which, while it is not always successful, tempers the effects of “wonder drugs” to some extent. With no funding, amateur drug testing is far less efficient, and the internet is an efficient vector for performance-enhancing drugs.The Commission believes that doping in amateur cycling is becoming endemic. This was confirmed by amateur riders, as well as professionals, managers and anti-doping personnel who had exposure to it. It has been caused by a combination of ease of access to drugs via gyms and the internet, the reduction in costs for substances, a spread of knowledge in means and methods of administration, and a lack of funding for regular testing at the amateur level.The drug, according to the report, can give athletes a boost of 10-15 per cent, supercharging their aerobic capacity far beyond their natural abilities. Now the gains are smaller, perhaps in the realm of 3-5 per cent for the pros, due to better testing.But without the fear of spot checks, amateurs can glean a far greater advantage (elite athletes also have less room for improvement). Such is the advantage, the reports suggests pros often avoid competing with amateurs:Some professional riders explained that they no longer ride in the Gran Fondos because they were so competitive due to the number of riders doping.What is EPO?In endurance sports, one of the most important factors in your ability to win is the ability of your cardiovascular system to supply your body with oxygen. Cycling has had a long history of doping, including most, if not all, past greats. Eddy Merckx, perhaps the greatest of them all, was caught, and other five-time winners such as Bernard Hinualt have been the subject of rumours.Doping changed in the late 1980s to early 1990s with the introduction of EPO. Suddenly, men who were too big to climb hills were up there fighting with the smaller climbers and sprinting up mountains faster than ever before. Red blood cells usually account for around 43 per cent of blood volume, but with EPO there were reports of scores in the high fifties and even 60s. Even the most naturally talented clean rider would be blown away.Cristophe Bassons, a man with all the natural capabilities to win the Tour, was blown away by men like Armstrong, who on paper were physiologically similar or even inferior.The implications are depressing for the competitive amateur who wants to test him or herself, but will now be eyeing up the competition with suspicion. The state of playFor those that follow cycling closely, the report can confirm wither one of the two biggest views. Either the sport is still dirty, with cheats making up 90 per cent of athletes (a suggestion by one respected professional unnamed by the report) or the sport is much cleaner, with the bad apples now the minority not majority of the barrel. In the Armstrong days it is widely accepted that the rate of use was 90 per cent, or more. More money bought better doctors, however, so it the run of the green was not entirely flat. Infusing three pints of blood in a race is expensive, and easier if, like Armstrong, you had a private jet.One of the problems could well, ironically, be the fall of Armstrong himself. Such was the catharsis of many, that perhaps now the will to keep asking questions has diminished. Questions swirl around impressive performances, such as those by Alberto Contador, Chris Froome and Vincenzo Nibali. But is the criticism merely cynicism and blaming the next generation for the transgressions of the last?Still riding fast into the windSports scientist Ross Tucker, once contacted by David Walsh one of the people who chased Armstrong in his drug-fuelled hey-day, says the performances of some riders are on the edge of human capabilities, and not decidedly “safe” to be called clean, but not incriminating either. Contador was popped for a banned substance, Clenbutarol, and suspected of using blood transfusions earlier in his career, although this was never proven. He denied all charges. Nibali’s team Astana is having its licence reviewed after five members of it and its feeder team tested positive, two for EPO.Froome (legally) received a potentially performance enhancing drug during a race last year, after suffering from a chest infection. The practice of getting a doctor’s approval for a banned substance is banned by some teams, and has been abused in the past; most notably by Armstrong himself. Therapeutical use exemptions  TUEs) are granted to allow riders to treat aiments with substances which would otherwise be illegal. The report states they are still widely abused. In one rider’s opinion, 90 per cent of TUEs were used for performance-enhancing purposes.What is more, Froome’s emergence was relatively rapid: he went from the verge of losing his contract to all but winning a three week race, the Vuelta a Espana, almost overnight. Team Sky and Froome have always said that he suffered from Bilharzia, a disease that kills red blood cells. For an endurance athlete, this could be crippling. In his autobiography, Froome says his training data were those of a Tour de France contender, but he was unable to replicate the form in races.Biological passportThe new doping procedures involve checking athlete’s blood profiles over time, as well as testing for banned substances. The system is called the biological passport. While more effective than older methods, the system can still be manipulated by microdosing: small amount of drugs such as EPO, or even small blood transfusions. While the passport has “caught” some potential abusers, it is harder to prove an actual offence. Riders can claim other reasons, such as medical conditions for their results. Also, different athletes may react differently. As has been the case for years, the state of cycling is a great unknown and it will likely continue to be so, for a long while to come. Billy Ehrenberg More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comcenter_img Monday 9 March 2015 6:05 am Tags: Doping in sport Show Comments ▼ Share whatsapplast_img read more

Draghi plays down bond bubble fears and early policy exit talk

first_img More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Wednesday 15 April 2015 8:54 pm Draghi plays down bond bubble fears and early policy exit talk EUROPEAN Central Bank (ECB) chief Mario Draghi yesterday dismissed fears of a European bond bubble, insisting that talk of an early end to bond purchases was premature.“So far we have not seen any evidence of a bubble,” he said after the ECB chose to hold interest rates at record lows. It has been suggested that the €60bn (£43bn) a month asset purchases that began in March has pushed up bond prices, creating a dangerous bubble. Despite the interest on many government bonds turning negative, he said one important sign of a bubble – increased borrowing in financial markets – was absent.“We are not seeing an increase in leverage in the banking sector,” Draghi said. Even if there was a bond bubble, he said monetary policy would not be correct the way to address the issue. Instead, he said macroprudential instruments should be used – these normally require banks to hold more capital. Tags: NULL Show Comments ▼ Share whatsapp whatsapp Express KCS last_img read more