Category: sgecenefv

September 4, 2021

Lloyds Bank handed capital boost by regulator raising chances of more share buybacks

first_imgLloyds Bank started a £1.75bn share buyback earlier this year and Shore Capital said the capital requirement reduction gave the bank “comfortably enough” to fund a further share buyback of £1.5bn in 2020.The bank added weight to that theory in a statement along with the capital guidance changes.It said: “The group has a progressive and sustainable ordinary dividend policy and the board will continue to give consideration to the distribution of surplus capital at the end of the year.”Goodbody analyst John Cronin said: “It is unusual to see a bank reduce its CET1 capital ratio target guidance but Lloyds’ move is absolutely justified, and arguably not entirely unexpected.”Read more: Lloyds Bank stars as FTSE 100 rockets in Q1 whatsapp Lloyds Bank handed capital boost by regulator raising chances of more share buybacks Tags: Trading Archive He added that it could also be positive for Barclays and RBS, whose capital ratios have raised concerns.Shares in Lloyds Bank rose 1.1 per cent following the announcement. Callum Keown Share Read more: Lloyds Bank to pay £10m to customers over admin errorThe bank said it had reduced its capital ratio target, a measure of capital strength, from around 13 per cent to 12.5 per cent.Analysts said the regulator’s boost could free up as much as £1bn in extra capital and increase the likelihood of further share buybacks for the bank’s investors.Shore Capital analyst Gary Greenwood said: “This is the first example we can think of where one of the large quoted UK banks has actually reduced its capital requirement, after a number of years of upward revisions.”He added: “This is clearly positive news for investors and reflects management’s good work over recent years to simplify and reduce the risk profile of the group.” whatsapp More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Wednesday 1 May 2019 1:17 pm Lloyds Bank shareholders could be set for higher dividends and another share buyback programme after the UK regulator loosened its risk buffer.The Bank of England’s Prudential Regulation Authority (PRA) reduced the rate for the “systemic risk buffer” of extra capital the bank needs to hold.last_img read more

September 4, 2021

Work still ‘ongoing’ on air bridges, says Alok Sharma

first_img Share Wednesday 1 July 2020 11:15 am Business secretary Alok Sharma has said the UK’s plans to create air bridges with other countries is still “ongoing”, potentially indicating further delays to any announcement. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirrorinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comMoney PopThe 20 Most Valuable Collectible Hot Wheels CarsMoney PopBigGlobalTravelCelebrities That Are Still Married TodayBigGlobalTravelNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMisterStoryWoman files for divorce after seeing this photoMisterStoryDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny Media reports have speculated that there are plans to implement a three-tier system with the lowest-risk countries given a green rating, medium-risk countries amber and high-risk countries rated red. The global aviation industry is in turmoil, with job losses slated at many airlines and manufacturers. (AFP via Getty Images) Also Read: Work still ‘ongoing’ on air bridges, says Alok Sharma Andrew Flintham, UK boss of holiday company Tui, yesterday said the industry desperately needed clarity on potential air bridges with other countries. The global aviation industry is in turmoil, with job losses slated at many airlines and manufacturers. (AFP via Getty Images) Also Read: Work still ‘ongoing’ on air bridges, says Alok Sharma whatsapp Yesterday, Easyjet announced it had begun consultations to close bases in  Stansted, Southend and Newcastle, with more than 1,000 jobs at risk. It comes as Airbus yesterday announced it would cut 15,500 jobs worldwide, including 1,700 in the UK. Speaking to the BBC, he said: “We really do need that certainty, so if mid-week or Wednesday, or whenever it’s going to be, if the government can give us that list of destinations we can go to.” “Work is ongoing and you mentioned the transport secretary [Grant Shapps] is working very hard with the airline sector as well to see what support can be provided.” The global aviation industry is in turmoil, with job losses slated at many airlines and manufacturers. (AFP via Getty Images) Ryanair boss Michael O’Leary also said today that 3,500 jobs were at risk at his low budget airline. The global aviation industry is in turmoil, with job losses slated at many airlines and manufacturers. Before the Open newsletter: Start your day with the City View podcast and key market data Work still ‘ongoing’ on air bridges, says Alok Sharma However, Sharma told BBC today that the plans were still not yet finalised. Stefan Boscia Speaking to the BBC, Sharma said: “Work is ongoing in terms of air bridges and I hope later on this week we can set out some of those lower risk countries where people return from these particular countries and they will not be faced with quarantine. whatsapp The UK’s plan to have quarantine-free with some low coronavirus risk countries, also known as air bridges or travel corridors, was expected to be announced last Friday. Show Comments ▼last_img read more

June 18, 2021

IOSCO finds no evidence of decline in bond liquidity

first_img Although corporate bond markets have changed significantly in recent years, there’s no real evidence of a fundamental decline in bond liquidity, according to a new report from the International Organization of Securities Commissions (IOSCO) published on Tuesday. James Langton Facebook LinkedIn Twitter Concerns about a possible deterioration in bond market liquidity have grown within the securities industry within the past couple of years, but the IOSCO report appears to debunk that fear, concluding that a “data-driven” analysis of corporate bond markets between 2004 and 2015 found “no substantial evidence showing that liquidity in the secondary corporate bond markets … has deteriorated markedly from historic norms for non-crisis periods.” The IOSCO report acknowledges that the structure of corporate bond markets has shifted significantly in recent years due to several factors, including the development of new technology, the growth of electronic trading and changes in execution models and dealer inventory levels. These markets remain fragmented among national and regional over-the-counter (OTC) markets, the report also finds, and it was difficult to collect useful data on bond trading “because most bonds are traded through decentralized, dealer-intermediated OTC markets.” Despite these challenges, IOSCO was able to develop a comprehensive picture of bond market liquidity through an analysis of liquidity metrics, survey results from industry and regulators, roundtables with industry, and a review of academic, government and other research articles. “While some of the relevant metrics (turnover ratio, dealer inventories, and block trade size) might indicate potential signs of lower liquidity, most metrics reviewed show mixed evidence of changes in liquidity (bifurcation of trading, average trade size, and average number of counterparties or market makers) or some evidence of improving liquidity (trading volume, bid-ask spreads, and price-impact measures),” the report concludes. In the wake of this research, IOSCO has mandated a committee to review regulatory reporting and transparency in the corporate bond markets to examine “the relationship between transparency and liquidity and the decisions regulators have made to address it (volume caps, delayed dissemination, etc.).” The IOSCO report adds that “the new mandate is also expected to be an opportunity for regulators to study current data reporting requirements regarding the corporate bond markets and the goal of collecting data that is comparable and useful on a cross-border basis, including for purposes of liquidity assessment.” In Canada, regulators are in the process of implementing measures to enhance bond market transparency. As of July 1, the Investment Industry Regulatory Organization of Canada (IIROC) will be publicly reporting corporate bond trading data from all IIROC-licensed firms, subject to measures, such as volume caps and reporting delays, intended to address the industry’s concerns about the possible negative impact on liquidity. Photo copyright: gguy/123RF Related news Ottawa considers issuing ultra-long bonds Fed to weigh further options for aiding U.S. economy in peril Share this article and your comments with peers on social media Keywords BondCompanies International Organization of Securities Commissions Shining a brighter light on bond markets Fund managers invited into BoC backstoplast_img read more

June 16, 2021

Fire Services Implementation Monitor Appointed

first_imgFire Services Implementation Monitor Appointed VIC PremierThe Andrews Labor Government today announced the Honourable Niall Blair as the inaugural Fire Services Implementation Monitor.The Monitor is a new independent entity established under changes to the Fire Rescue Victoria Act 1958 (FRV Act) that commenced on 1 July 2020.The Monitor will assess and review the progress of the Country Fire Authority (CFA) and Fire Rescue Victoria (FRV) in completing actions specified in my Year One Fire Services Reform Implementation Plan and future iterations of the Plan.The Implementation Plan sets out actions required to be completed to embed and operationalise the new fire services model set out in the 2017 Fire Services Statement and the FRV Act.Mr Blair brings with him an extensive experience, having held a range of senior appointments in the New South Wales Government. He was previously the Minister for Primary Industries, Regional Water, Trade and Industry and Minister for Primary Industries, Lands and Water.Mr Blair was Deputy Leader of the Government in the NSW Legislative Council, Deputy Leader NSW Nationals and Parliamentary Secretary Police and Emergency Services. He is currently the Professor of Food Sustainability at Charles Sturt University and has served as a retained firefighter in the NSW Fire Brigades.He holds a Bachelor of Applied Science, Horticulture from the University of Western Sydney and a Masters in Occupational Health and Safety from the University of Newcastle.Mr Blair has proven financial accountability and corporate governance experience with a strong background in risk management and safety, quality and environmental management system development and auditing, including experience as Lead Auditor in OHS Management Systems.In Mr Blair’s role as Monitor, he will engage closely with CFA and FRV and other agencies and assess ongoing efforts and progress against the Implementation Plan. The Monitor will also assess the impact of the fire services reforms upon the financial sustainability of both agencies.The role will be critical in ensuring that CFA and FRV undertake necessary and outlined measures so that they can meet existing and future demand and keep Victorians safe.As stated by Minister for Police and Emergency Services Lisa Neville“Mr Blair’s extensive career in government and strong understanding of complex multi-agency environments will help ensure our fire services remain on track to successfully deliver on our fire services reform.” “I congratulate Mr Blair on his appointment as Fire Services Implementation Monitor – this is an important step in making sure the reforms achieve positive and sustainable changes to our state’s fire services.” As stated by Fire Services Implementation Monitor Niall Blair“I am honoured to be appointed in this position and to have the opportunity to work closely with both those on the frontline and behind the scenes – all who work tirelessly every day to keep our communities safe.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AusPol, Australia, corporate, Emergency, environmental management, Fire Brigade, Government, health and safety, horticulture, New South Wales, NSW, Secretary, sustainability, sustainable, university, University of Newcastle, Victoria, Western Sydneylast_img read more

June 16, 2021

Protecting heritage in City of London

first_imgProtecting heritage in City of London Letter from Robert Jenrick to the City of London Corporation PDF, 83.2KB, 2 pages /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Government, London, UK, UK Governmentlast_img read more

June 15, 2021

Open House scheduled for Kozy Kamp Neighborhood Park set for Feb. 26

first_imgOpen House scheduled for Kozy Kamp Neighborhood Park set for Feb. 26Posted by ClarkCountyToday.comDate: Thursday, February 13, 2020in: Community Newsshare 0 County staff completed a preliminary design with the help of public feedback in 2009 VANCOUVER — Neighbors and community members are invited to learn about plans for a new community park on Northeast 29th Avenue – Kozy Kamp Neighborhood Park.County staff completed a preliminary design for Kozy Kamp Neighborhood Park with the help of public feedback in 2009. Shortly after, the project was put on hold due to the economic downturn at the time. Photo courtesy of Clark County Public WorksCounty staff completed a preliminary design for Kozy Kamp Neighborhood Park with the help of public feedback in 2009. Shortly after, the project was put on hold due to the economic downturn at the time. Photo courtesy of Clark County Public WorksPublic Works staff will host an open house from 4:30 to 6:30 p.m., Wed., Feb. 26, at Luke Jensen Sports Park, 4000 NE 78th Street, Vancouver. Those interested in attending can stop by anytime during the event to discuss the project, ask questions of county staff, and offer comments and suggestions.County staff completed a preliminary design with the help of public feedback in 2009. Shortly after, the project was put on hold due to the economic downturn at the time. Now, with a more sustainable funding structure in place, county staff is reinvigorating the public outreach process and wants to hear from neighbors about preferred elements of the designated park uses.More information can be found on the county’s website https://www.clark.wa.gov/public-works/kozy-kamp-neighborhood-park.Information provided by Clark Co. WA Communications.AdvertisementThis is placeholder textTags:Clark Countyshare 0 Previous : Vancouver house fire displaces family Next : ESD 112 seeks nominations for 2021 Regional Teacher of the Year awardAdvertisementThis is placeholder textlast_img read more

June 14, 2021

CU-Boulder Plans Additional Safety Improvements On Campus

first_img Published: Aug. 30, 2000 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail A number of safety improvements are in place at the University of Colorado at Boulder for the 2000-2001 school year and more are on the way. More than $300,000 in lighting improvements have been completed on the CU-Boulder campus over the past year. Another $300,000 is expected to be spent on lighting projects this year in an ongoing effort to improve campus safety, according to Jim Fadenrecht, public safety director at CU-Boulder. The most significant improvements have been made by the Engineering Complex, near the College of Business and Hallett, Reed and Cockerell residence halls. New emergency call boxes are in place in addition to lighting improvements, Fadenrecht said. There are now 31 free-standing call boxes located throughout the campus and 16 wall-mounted units in parking garages. Community service aides check the call boxes on a weekly basis to be sure they are working properly, he said. The CU-Boulder police force this year also will be staffed at its highest level, with a total of 40 officers, according to Lt. Tim McGraw. Depending on the time of day there will be between three and nine officers patrolling the campus. CU-Boulder police, in coordination with the Boulder Police Department, have added patrols to the three private complexes where approximately 110 freshmen will be housed. The patrols of Sterling University Peaks, Timber Ridge and Kensington will support students’ safety and well-being off campus. In addition to the police patrols, NightRide/NightWalk provides students, faculty and staff with escorts around the CU campus and anywhere within the Boulder city limits upon request. In the spring 2000 semester 4,621 escorts were provided, a 50 percent increase over the 3,065 escorts in spring of 1999, according to Jeff Davis, NightRide/NightWalk director. NightRide/NightWalk began in 1985 and has increased in both use and funding over the years, Davis said. The program now has 15 paid staff members and the main operation has moved to the University Memorial Center with a post still located in Norlin Library, the original home of the service. The program also has increased the number of vehicles it uses from one to three.last_img read more

June 14, 2021

Staff Council Update: Join us for the Spring 2014 Blood Drive

first_img Published: April 20, 2014 If you are unable to donate at this time, please visit a Bonfils location, use code 0248 for donor credit to CU-Boulder’s blood drive. April 21 – 24, 2014. UMC rooms 415-417. 10 a.m. to 3:30 p.m. every day. Walk-ins are always welcome.  For phone questions, call Bonfils’ Donor Relations department 303-363-2202 or 800-365-0006, option 1. Boulder campus Staff Council invites you to join the Spring Blood Drive! Make an appointment or walk in, call 303-363-2300 or visit www.bonfils.org and use Site Code 0248 to make your reservation. center_img You might think that Bonfils has enough blood donor support to maintain the blood supply, but in fact, the need for blood is constant. Bonfils Blood Center needs thousands of blood donors each week to meet Colorado’s needs and to be prepared for unexpected events. All blood types are needed and we welcome new blood donors to join the Bonfils family.  Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Thank you for passing this on to friends, colleagues and students.last_img read more

June 13, 2021

Winestyr Fest Launches in Chicago

first_imgShare Home Industry News Releases Winestyr Fest Launches in ChicagoIndustry News ReleasesWine BusinessWinestyr Fest Launches in ChicagoBy Press Release – August 1, 2019 382 0 TAGSConsumerWinestyr Pinterest ReddIt Linkedin AdvertisementDiscover and taste the country’s best wine producers for one day onlyOn Sunday, August 25th, Winestyr is hosting Winestyr Fest, an inaugural tasting event devoted to celebrating some of the best wineries across the country.Held at Morgan Manufacturing in the West Loop, Winestyr Fest will feature 30+ of Winestyr’s favorite domestic wineries together in Chicago for one day only.Chicago wine lovers can enjoy tastings from a curated collection of wines from some of the country’s top echelon domestic wineries that are typically too small to be found in restaurants or on store shelves, ranging from quintessential Napa to the most cutting edge styles of today.Simply put… Winestyr Fest is the only place you can discover and taste all of these amazing wines in Chicago.Ticket Link: $65 (general) *800 tickets availableWHEN: Sunday, August 25th 2-6pmWHERE: Morgan Manufacturing, 401 North Morgan Street, (between Kinzie and Hubbard Streets) *West Loop neighborhoodINTERVIEWS & SOUNDBITES: Winestyr Co-founders, 30+ of the top domestic wineries such as Scribe Winery, Domaine de la Côte, Stewart Cellars, Ovum Wines, and Piedrasassi.CONFIRMED WINERIES:AdelsheimAlexandrie CellarsAnthill FarmsArnot-RobertsBannister WinesBello Family VineyardsByron BlattyChanning DaughtersColcanyon WinesDichotomy WinesDivision Wine Co.Domaine de la CôteEnfield Wine Co.Evening Land VineyardsFausse PisteFera MénaGros VentreGuthrie Family VineyardsHalcyon WinesJuslyn VineyardsKivelstadt CellarsNo Fine PrintOvum WinesPiedrasassiRiley’s RowsRossi-WallaceSandhi WinesScribe WinesSilver GhostSmith StorySojourn CellarsSolminerSource & SinkStewart CellarsTatomer WinesThe Wonderland ProjectVermillion Wine Co.Vinca MinorVineyard 36Advertisement Twitter Facebook Email Previous articleWorld’s Largest BYO Tradition Comes to Russian River ValleyNext article3rd Annual Wine & Weed Symposium One Week Away Press Releaselast_img read more

June 4, 2021

America Movil takes Shazam stake

first_img EC commences probe into Apple acquisition of Shazam Apple closes Shazam acquisition Audio recognition app company Shazam announced a $40 million investment from Latin American telecoms giant America Movil, with the companies also inking “a strategic business collaboration for the Americas”.Shazam said the funds will “help accelerate Shazam’s ongoing growth in music, continued expansion into television and the development of innovative new products”.In a statement, America Movil said that it has acquired 10.8 per cent of Shazam.The partners have not said how their new alliance will work, although the Shazam app is likely to be pre-installed on devices sold by America Movil and promoted to its user base.Andrew Fisher, executive chairman of Shazam, said: “With over 350 million users we are excited to be partnering with America Movil to further accelerate our growth throughout the Americas.”With operations across 18 countries, in addition to its mobile business America Movil also has more than 17 million television subscribers, which could help Shazam with its media aspirations in the Americas.While in many markets Shazam is best known for its music recognition services, it has recently been increasing its presence in the television market, working with advertisers to deliver interactive campaigns, and in the US market enabling audio recognition of TV broadcasts.Since its last ($32 million) funding round in 2011, Shazam said its user base has “more than doubled” to 350 million people worldwide, with more than 70 million monthly active users.Earlier this year, Shazam reshuffled its management in a move that was seen as a precursor to an initial public offering.While the America Movil deal does not mean that this will no longer take place, it may see the IPO pushed back, due to the fact that Shazam now has no immediate need to raise additional funds. America MovilShazam Related HomeAppsNews America Movil takes Shazam stake EC clears Apple acquisition of Shazam Authorcenter_img Apps Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Steve Costello Previous ArticleInterview: Alcatel-Lucent’s Asia Pacific PresidentNext ArticleTelenor may pull out of Pakistan auction – report Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 08 JUL 2013 last_img read more