Optimism among businesses in the UK services sector fell again in the three months to November, new survey data has shown, but at a slower pace than in the previous quarter. whatsapp Newton-Smith said the outlook was not expected to improve, “with firms pessimistic about their prospects for expansion, investment plans having been scaled back and hiring on hold”. Harry Robertson Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndozenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoNinjaJournalistMichael Jordan’s Divorce Settlement Has Finally Been Revealed.NinjaJournalistUndoJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistateUndoThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickUndo The services sector makes up over 75 per cent of the UK economy. It has held up well in 2019 while business investment and industry has suffered, but some cracks are beginning to show. Business and professional services firms were pessimistic about the year ahead, while consumer companies were neutral. Firms in the business and professional services sub-sector cut back on staff in an effort to deal with these problems, the survey showed. They also expected to cut back on investment in land and buildings, as well as in vehicles, plant and machinery. The Federation of Small Businesses (FSB) released a new report today, finding that 48 per cent of companies surveyed “would be unable to meet the immigration fees currently levied on employers when they hire non-EU staff should they be extended to all workers from around the world”. (Getty Images) whatsapp As Britain gears up for a General Election on 12 December, she said it is essential the next government commits “to refocusing on the domestic agenda, to propel the UK economy forward – prioritising skills and infrastructure investment, as well as reaching net zero by 2050”. Read more: Conservative manifesto: How will Boris Johnson tax and spend? CBI chief economist Rain Newton-Smith said the current “climate” of Brexit and General Election uncertainty was “holding back UK services firms”. Consumer services performed better, however, with employment expanding at a steady pace. Investment intentions were also stronger. On top of falling sentiment, firms reported declining order volumes and weaker profitability. Read more: UK employer confidence slips to three-year low UK services sector confidence falls further as election looms Share Friday 29 November 2019 12:45 am Business and professional services firms had a worse quarter than those in the consumer realm and intend to cut back staff and reduce investment in 2020, according to the CBI’s quarterly survey of the sector. More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.com
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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Show Comments ▼ Express KCS Tags: NULL Share Politicians have a difficult relationship with Twitter, with a gaffe never far away. Yesterday Ukip’s Douglas Carswell caught everyone by surprise when he asked his 28,000 Twitter followers to join him playing Hello Kitty World, in a tweet, complete with a picture of the game. Come play Hello Kitty World with me!http://t.co/oCQqqaIrlk#hellokittyworldKittt pic.twitter.com/GeoN0bqdFa— Douglas Carswell (@DouglasCarswell) February 3, 2015My five year olds first tweet got read by many more than any of mine— Douglas Carswell (@DouglasCarswell) February 3, 2015 Carswell has written a book on how politicians can improve their use of social media, and certainly got a reaction – though his former colleagues in the Conservative party declined to take him up on the offer. He clarified that his five-year-old had been left in charge of the iPad, and that he was not playing – but after an MP was snapped enjoying the game Candy Crush in a committee meeting, you can’t blame people for wondering. Carswell did assure his followers that Hello Kitty World “is a great game”. Being the helpful type, The Capitalist checked– and Hello Kitty is a schoolgirl who was born in England, so at least she wouldn’t cause Ukip any immigration worries. Tuesday 3 February 2015 8:36 pm whatsapp whatsapp Ukip’s Douglas Carswell tweets out Hello Kitty World game, starts trend
Express KCS The stats man at the centre of a political storm: IFS boss Paul Johnson on how he copes with the limelight Tags: General Election 2015 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekComedyAbandoned Submarines Floating Around the WorldComedyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlush whatsapp whatsapp Show Comments ▼ Tuesday 5 May 2015 12:17 am At an event in Bloomsbury last week, a journalist started a question to Institute for Fiscal Studies (IFS) director Paul Johnson: “If the IFS was standing for election…” before Johnson interrupted, finishing the sentence. “We wouldn’t get elected,” he said with a laugh. Johnson may not be seeking public office, but he and his team at the IFS have become the country’s go-to source for economic analysis in the run-up to the General Election. Politicians have parroted the organisation’s praises, and journalists have doled out the researchers’ tough medicine when analysing the parties’ fiscal policies. “It’s a curious position to be in,” Johnson told City A.M. yesterday. “We are a small research charity that exists purely by happenstance.” To be sure, the IFS is a private, independent research institute. Unlike the Office for Budget Responsibility (OBR), which is headed by former IFS director Robert Chote, the organisation serves no official governmental role. And Johnson, who joined the IFS in 2011, is adamant about maintaining its nonpartisan reputation. In January, he asked the Tories to remove a campaign video from their YouTube channel, saying it took his quotes out of context. The Treasury has its numbers closely watched by the Institute for Fiscal Studies But such caution does not mean the organisation shies from aggressive criticism of the main political parties. Throughout the General Election campaign, Johnson has accused leading politicians of leaving voters “somewhere in the dark” over tax-and-spend proposals. “There are huge things we still don’t know,” he told City A.M., blaming the Conservatives for a lack of clarity about how they would achieve their promised £30bn cuts, and calling on Labour to put a price on the cuts they would make to reduce the deficit. Yet Johnson says that despite a lack of transparency on policy, one thing is clear: voters cannot claim they have no choice among the candidates. “There is clearly a big difference between the two main parties, a bigger difference than we’ve seen in a very long time,” he said, citing the Tories’ commitment to further austerity and Labour’s promise to reduce the deficit over a longer period of time. Some people, however, feel that the IFS should offer comment on such differences. “The IFS is very important in making it clear what each party is proposing in terms of spending, taxes and the deficit,” Oxford University economics professor Simon Wren-Lewis told City A.M. “My criticism is that it failed to make the next step, which is given the differences, what are the benefits and risks with each plan?” Yet others, such as conservative commentator Tim Montgomerie, feel the IFS gets the balance right. “IFS reports should only be the beginning of the conversation, when they’re [taken as] almost the last word,” he wrote last month. “This is not the IFS’s fault but ours. They are honest bean counters. They’re not guiding us through the really big debates.” A change of direction is unlikely, Johnson says. “We’re very careful never to step over the mark of not being politically neutral while having a relatively narrow expertise in macroeconomic issues,” he says. “Where we don’t know, we don’t say.” With such honesty, it’s no wonder they’d never get elected. Share
By Alex Lennane 31/08/2016 © Mopic Online freight booking platform Freightos has propelled itself to the forefront of the market with the acquisition of air cargo rate provider WebCargoNet.The deal creates the largest database of freight rates in the world.Although the companies will continue to operate under separate brands for now, the pair have hundreds of millions of rates and routes, which they claim will boost business for SMEs and forwarders who can now book online with ease.About one third of US importers are small shippers, according to Freightos CEO Zvi Schreiber, who added that they were hard for forwarders to reach.“We aggregate small shippers for forwarders – it’s a pot of gold. They can’t approach SMEs to sell to.”The deal is for an undisclosed amount, but believed to be a multi-million-euro deal, in both cash and shares, and is thought to be one of the first logistics technology mergers in the market.Freightos last year raised $14m in Series B funding, bringing its total funding up to $23m, after Dr Schreiber used his venture capitalist connections to attract funds to the unknown world of logistics technology.WebCargoNet, which is headquartered in Spain, has an impressive list of more than 800 forwarders, it claims, using its platform, including Dascher, DSV, CEVA, Kerry, KWE, XPO and Panalpina. It offers several apps, including tracking, maps and a volume converter – as well as instant, up-to-date air cargo rates.In an interview with The Loadstar last month, Dr Schreiber said that although Freightos wanted to be the market leader, there was room for a several rival companies – and at the moment the more companies educating the market, the better.Zvi SchreiberAlthough he acknowledged that online booking could lead to downward pressure on rates, he also pointed out that it would lower the cost of sale and help eliminate mistakes.The company currently has a waiting list of forwarders, he added. One 3PL working with Freightos told The Loadstar: “We have been happy with the experience. We can give faster quotes that before. It’s best for simple and transactional shipments – it won’t replace how we do business with larger customers. But it’s a handy, immediate tool.”
Amazon and its supplier ATSG appear to be extending their reach into transport, with the news that ATSG is buying Pemco, the aircraft narrowbody maintenance and conversion company.The announcement came just before the e-tailing giant revealed that Fulfilment by Amazon, its distribution arm, had doubled the number of items it shipped for third-party sellers in 2016.Sellers using Amazon’s transport and packing services grew by 70% last year.ATSG, currently the main provider of 767 services for Amazon, already has an aircraft maintenance arm, Airborne Maintenance and Engineering (AMES). Pemco offers maintenance across a range of aircraft including 767s – but it only offers conversions for 737s, an aircraft type ATSG does not own. By Alex Lennane 04/01/2017 As of September, ATSG had seven 767s awaiting conversion, with a further 12 expected next year. While some observers are suggesting that the acquisition of Pemco could be a step towards creating ATSG’s own 767 conversion arm, that scenario would be some time off, well after ATSG has already converted its 20 aircraft for Amazon.In addition, ATSG has an exclusive arrangement with government-owned Israel Aerospace Industries (IAI) for its 767 conversions. And according to SEC filings, it would incur a cancellation fee for any 767 not converted by IAI – although it does not specify how long that contract lasts.ATSG CEO Joe Hete said: “Based on Pemco’s existing domestic and international scale, this acquisition will expand access to maintenance service for customers of ATSG’s expanding fleet of Boeing 767 cargo aircraft.”It is more likely that, along with 767 maintenance, Pemco’s Chinese sales were the attraction for ATSG.Pemco claims to have converted more than 70% of the 737-300Fs and -400Fs currently operating in China – and ATSG, together with Okay Airlines and discount retailer Vipshop Holdings, is to launch a cargo airline in China this year – with 737s.While the Pemco price was undisclosed, the company said it was in the “same range” as its stakes in airlines in China and Europe – suggesting a sum under $20m. ATSG expects to contribute $16m to its Chinese JV airline this year and drew $15m from its revolving credit facility “to help fund” its 25% stake in Europe’s West Atlantic airline in 2014.The Loadstar’s financial columnist, Alessandro Pasetti, who covered ATSG and rival Atlas Air at the end of December, commented: “I think ATSG is showing a commitment to grow both organically and inorganically, which is something Alas Air, for example, cannot afford.“In fact, ATSG could also spend less on buybacks to finance the purchase of one or two additional maintenance entities in the $20m-$50m range, which could give it more negotiating power with clients as well as earnings power.”Pemco, which was owned by private equity firm Sun Capital Partners and has a MRO facility at Tampa, said there would be few if any changes in the short term.Pemco has completed some conversions at the Coopesa facility in San José, Costa Rica, and the Steaco facility in Jinan, China.ATSG now plans to offer heavy maintenance and modifications at the AMES facility in Wilmington and Pemco’s own in Tampa, while it said passenger-to-freighter conversions in would be in Tampa, Central America, and Asia.The company said in a statement: “This acquisition will allow for a number of strategic benefits through combining operational strengths, expanded capabilities and cost savings related to shared services between the companies.“The services of the combined AMES/Pemco businesses will be marketed worldwide to customers as part of a comprehensive set of ATSG solutions, as well as to the ATSG affiliates.”ATSG has also appointed David Soaper, former president and COO of Atlas-owned Southern Air, as president of its airline subsidiary ABX Air, following the retirement of John Starkovich. He starts in February.For more information from Pemco and others, check out our latest LongRead: Aerospace Logistics.
By Gavin van Marle 08/01/2019 Law firm HFW, which has specialists in the shipping and logistics sectors, has boosted its Admiralty & Crisis Management team with the hire of Victor Fenwick (pictured above).He arrives from Ince & Co, where he was a partner and deputy head of the firm’s admiralty business group.Andrew Chamberlain, head of the HFW team, said: “I am thrilled to welcome Victor to HFW. He is a hugely experienced and highly respected figure in the industry, with expertise in several key markets for our practice, including Scandinavia and Japan.”Mr Fenwick has more than 25 years’ experience handling marine casualty claims in markets around the world. He advises shipowners, brokers, H&M and P&I insurers on a wide range of casualty and insurance coverage issues.“I am delighted to be joining HFW’s market-leading admiralty and crisis management practice. They are very highly regarded in my specialist area,” he said.His arrival continues a period of sustained global expansion at HFW, which last year added 24 new partners, including nine internal promotions and 15 lateral hires across Abu Dhabi, Brussels, Dubai, Hong Kong, Houston, London, Rio de Janeiro and Singapore.
News Local senator welcomes publication of Just Transition Fund She said: “It’s good to see this report being published. It identifies specific proposals including increasing the just transition fund, the establishment of a new taskforce to support the midlands and addressing the funding shortfalls from commercial rates.“The crux of the matter is funding. Work must begin immediately to ensure the release of the €11 million in funding which is in place for reskilling.“We need to create jobs and take care of the Bord na Móna workers and their families who have been devastated by job losses.“I also believe that the next Government must increase investment in the Just Transition Fund.“Everyone had been aware of the decarbonisation process, we knew what was coming, but no one was prepared for the brutal way in which it would be implemented, with blow after blow coming for workers in the midlands over the past number of years.“Fianna Fáil have been consistent in our support for a Just Transition for the midlands.“In Budget 2020 we secured an additional €31 million for the region which included a €6 million Just Transition Fund, €20 million for retrofitting and €5 million for Peatlands Rehabilitation.“Our support for the midlands will continue during Government formation talks.“We know that to sit on our hands now would risk damaging the Midlands for decades to come and potentially damage future efforts to decarbonise. We have one chance to get the Just Transition right and we must take it.”SEE ALSO – New plan for Mountmellick Road in Portlaoise warmly welcomed after years of neglect WhatsApp RELATED ARTICLESMORE FROM AUTHOR Facebook Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Local Senator Fiona O’Loughlin has welcomed the publication of the Just Transition report.As part of the European Green Deal, on January 14 this year, the European Commission adopted a proposal for a regulation to create the Just Transition Fund, aimed at supporting EU regions most affected by the transition to a low carbon economy.The Fianna Fail Senator, who ran in the Kildare South constituency in the recent General Election, says it’s vital that work begins immediately on implementing the recommendations from the report – especially in the wake of the COVID-19 crisis. Previous articleMcDonald’s in Portlaoise set to re-open next weekNext articleGardai renew Road Safety Appeal as deaths rise 9% in 2020 Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Twitter Facebook Twitter Electric Picnic Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Pinterest By Alan Hartnett – 27th May 2020 WhatsApp TAGSJust Transition FundSenator Fiona O’Loughlin Home News Local senator welcomes publication of Just Transition Fund News Pinterest Electric Picnic Electric Picnic organisers release statement following confirmation of new festival date
Facebook LinkedIn Twitter David Paddon At the end of March, the CPP Fund had net assets of $356.1 billion, up from $316.7 billion at the end of fiscal 2017 and $278.9 billion at the end of fiscal 2016, which included nine months in calendar 2015.Investment gains have offset shrinking employer and employee contributions, which fell to $2.7 billion in fiscal 2018 from $4.3 billion in fiscal 2017 and $5.2 billion in fiscal 2016.Canada’s chief actuary estimates the CPP Fund can meet its obligations with an average return of 3.9% over 75 years.The investment portfolio’s 10-year real rate of return, which is comparable to the chief actuary’s benchmark estimate, was 6.2% in fiscal 2018 while the five-year rate of return was 10.4%.While CPPIB chief executive officer Mark Machin declined to predict Thursday how investment returns will turn out this year, he said the portfolio actually anticipates that there will be losing years from time to time.“Hopefully, it doesn’t happen this coming year but statistically that’s going to happen at least one year in 10.”Right now “the world still is in synchronized growth in most markets, so that continues to be supportive,” Machin said.Economic growth hasn’t been hurt by the Federal Reserve’s tightening of the U.S. money supply through higher interest rates and other measures, which were offset by a major drop in U.S. government tax rates.“The fiscal stimulus in the U.S. — while it’s a one-off — will have a benefit this year and next. So it’s gone from hyperstimulative conditions to just stimulative conditions in the U.S.,” Machin said in an interview.Nevertheless, Machin acknowledged that higher interest rates may be negative for some of CPPIB’s asset classes.“For example, real estate and infrastructure types of investments can be quite sensitive to rises in interest rates. As well, bonds can be sensitive to a rise in interest rates,” Machin said.He said CPPIB’s best protection against changing market conditions is its broad diversification among a wide rate of asset classes and geographic markets. Share this article and your comments with peers on social media Canada Pension fund manager posts 3.1% annual return andreypopov/123RF Canada Pension Plan Investment Board achieved an 11.6% rate of return in fiscal 2018, keeping it on track to provide long-term financial support for the country’s largest retirement fund, according to figures released Thursday.The CPP Fund increased its assets by $39.4 billion over the financial year ended March 31, slightly more than the $37.8 billion increase in fiscal 2017 and much better than the $14.3 billion increase in 2016. Related news CPP fund surpasses $400B in Q1 Pension wealth up, but RRSPs dipped: StatsCan Keywords Canada Pension PlanCompanies CPP Investment Board