Asian share offerings hit pre-recession highs

first_img whatsapp Asian share offerings hit pre-recession highs Tags: NULL KCS-content Monday 14 March 2011 9:02 pm THE TOTAL level of cash raised through initial public offerings (IPOs) in Asia so far this year has hit its highest level since before the recession.Companies from the region have generated a total of $20.8bn (£12.9bn) from stock market offerings since January, according to data provider Dealogic.The figure comes after a boom year for Asia-Pacific IPOs – which had at this point last year notched up $18.2bn – and despite market volatility in the Middle East.In 2009, only $314m had been raised in Asia-Pacific stock offerings by this point in the year.The $5.5bn offering by Hong Kong port operator Hutchison Ports Holdings Trust on the Singapore Stock Exchange has driven up the figure, in a strong year to date for Asian firms.Several large flotations of Chinese firms also helped to boost the figure. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Share whatsapp Show Comments ▼last_img read more

Automatic Systems Ltd ( Q12012 Interim Report

first_imgAutomatic Systems Ltd ( listed on the Stock Exchange of Mauritius under the Tourism sector has released it’s 2012 interim results for the first quarter.For more information about Automatic Systems Ltd ( reports, abridged reports, interim earnings results and earnings presentations, visit the Automatic Systems Ltd ( company page on AfricanFinancials.Document: Automatic Systems Ltd (  2012 interim results for the first quarter.Company ProfileAutomatic Systems Limited operates a totalisator system for horse racing and football betting. The company runs its operations through is two subsidiaries, Supertote which deals with the horse racing bets and Superscore which deals with the football bets. Automatic System Limited organises this betting platform for the horse racing in liaison with the Mauritius Turf Club in Mauritius. The company also runs this betting platform for soccer in Africa. Automatic Systems Limited is listed on the Stock Exchange of Mauritius.last_img read more

Zimplow Holdings Limited 2014 Abridged Report

first_imgZimplow Holdings Limited ( listed on the Zimbabwe Stock Exchange under the Engineering sector has released it’s 2014 abridged results.For more information about Zimplow Holdings Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Zimplow Holdings Limited ( company page on AfricanFinancials.Document: Zimplow Holdings Limited (  2014 abridged results.Company ProfileZimplow Holdings Limited manufactures and markets a diverse range of products for the construction, infrastructure and agricultural sectors in Zimbabwe. It also manufactures and distributes metal fasteners for the mining, construction and agricultural sector, and has interests in property management and leasing. The Farming division consists of three business units; Mealiebrand, Farmec and Afritrac which oversee the manufacturing of animal-drawn equipment and tractors, and spare parts for agricultural equipment. The Mining and Infrastructure division manufactures and distributes mining equipment, spare parts and related products through four divisions; Barzem, Mealie Brand, CT Bolts and Farmec. Zimplow Holdings Limited is a marketing and distribution agent in Zimbabwe for Massey Ferguson, Valtra, Caterpillar, Perkins, Falcon, Challenger, Vicon and Monosem. Zimplow Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

Should I buy Aston Martin shares today?

first_img Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. After turning positive on Aston Martin (LSE: AML) shares recently, I’ve been taking a closer look at the company. Following the firm’s cash call and restructuring, I reckon the group’s long-term outlook has improved substantially.And as one of the most respected luxury car brands in the world, I believe customers will be willing to support the business through its turnaround. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Aston Martin shares on offer Aston Martin has made some significant changes over the past year or so. A new management team has been bought in, the balance sheet has been strengthened, and costs have been rationalised. Before these changes, it was clear the group was in trouble. Aston was producing far too many cars. It had overestimated demand and had new cars sitting at dealerships, waiting to be sold.Having too many vehicles gave the firm two problems. It diluted the brand and meant costs were too high. For example, there’s no point operating a factory that can produce 1,000 cars a year when customers will only buy 800. One of the first things the new management did was to get rid of excess inventory. Then they reduced output (and costs) to match demand. Now the company only makes a vehicle if the demand is there. After rationalising the business, the new management raised a chunk of cash to strengthen the balance sheet. The fundraising weighed on Aston Martin shares, but it now means the corporation is “funded forever” according to management. So, that’s the balance sheet and cost base sorted out. The next challenge is producing new vehicles. Aston has a selection planned. From its long-awaited DBX SUV to the Valkarie hypercar, the firm has plenty for its fans to look out for in the next few years. Growth aheadAll of the above suggests to me that Aston Martin shares have a bright future. The company seems to have put the worst of its problems behind it. All it now has to do is prove that it’s heading in the right direction. The next few months will be critical for the business. If the carmaker can keep costs low and attract new customers, then 2021 could be the year Aston Martin shares make a strong comeback. With that being the case, I’m going to keep a close eye on the enterprise. If sales rise, and costs remain under control, I might buy Aston Martin shares for my portfolio. The business would only need to return to profit to prove that it has put the worst of its problems behind it. From there, the group needs to focus on doing what it does best, manufacturing high-quality luxury cars. If it can do that, customers should come flooding back. Investors may reap enormous benefits as a result.  Should I buy Aston Martin shares today? I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. See all posts by Rupert Hargreaves Enter Your Email Addresscenter_img “This Stock Could Be Like Buying Amazon in 1997” Rupert Hargreaves | Saturday, 21st November, 2020 | More on: AML I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this.last_img read more

CLIC Sargent Modernises Its Databases with CARE

first_img Howard Lake | 4 March 2008 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Advanced NFP Individual giving Technology IRIS NFP Solutions (formerly CS Group), the leading IT supplier to the UK Not for Profit sector, has been appointed to supply CLIC Sargent with a new contacts management database. CLIC Sargent, the UK’s leading children’s cancer charity, will deploy IRIS’s CARE Customer Relationship Management (CRM), Fundraising & Service Delivery solution to overhaul its existing databases and business processes.CARE will replace CLIC Sargent’s current contacts management and fundraising systems with a modern software package meeting the requirements of a dynamic charity. Delivering CLIC Sargent powerful tools for relationship fundraising, campaigning and reporting, CARE will enable the charity to improve efficiency and to achieve a single view of its supporters. Furthermore, CLIC Sargent will benefit from the sophisticated service delivery functionality in CARE, providing a fully integrated software solution across the entire organisation.CARE was selected because it offered the best fit for CLIC Sargent’s requirements as well as true value for the charity’s investment. As an out-of-the-box solution, CARE requires little tailoring, delivering CLIC Sargent flexibility and high level of automation. With its sophisticated segmenting and reporting functionality, CARE will provide CLIC Sargent with a complete picture of its supporter base, giving the charity a better understanding of all its stakeholders’ behaviour and needs.One of the key reasons for CLIC Sargent to choose CARE was the extensive service delivery functionality in the system, providing increased visibility of information across the organisation whilst maintaining the strict demand for data security. With multiple levels of access allowing different users to view the appropriate data only, CARE will deliver CLIC Sargent a central repository of data. This means that the fundraising and service delivery teams can share a single database without compromising the confidentiality and data sensitivity, which will translate into additional revenue streams and improved efficiency.Bob Powley, IT Manager at CLIC Sargent comments: “We were impressed by the breadth of functionality and the high level of integration in the Care system. Our aim is that CARE will allow us to underpin both our fundraising and service delivery functions by providing us with powerful tools for management reporting and performance analysis. Enabling us to automate our processes and bring them in line, CARE will help us to improve our efficiency in all the key business areas. We look forward to working with CARE’s dedicated team to ensure success of the project.”CLIC Sargent will undergo a three-phased implementation process, kicking off with process reviews and workshops in early 2008. The following 6 months will see the deployment of CARE CRM & Fundraising modules as well as the pilot project for service delivery functionality, which will then be rolled out in the last phase to CLIC Sargent’s hospital and social services based staff around the country.Carrie Goodbourn, CARE Managing Director at IRIS says: “The partnership with CLIC Sargent will give us an opportunity to introduce some exciting new developments in the CARE system. Providing full integration between fundraising and service delivery and a single platform for sophisticated segmenting, reporting and analysis, CARE will help CLIC Sargent to realise its full potential. As a future-proofed and flexible solution with guaranteed development path, CARE will enable CLIC Sargent to paint a complete picture of its business processes and continue its growth.” ENDS/About IRISFor more than 28 years IRIS has successfully provided software & services to UK businesses and their advisors, specifically in regulatory areas. It is now the leading provider to accountancy practices, law firms, barristers and the ‘not for profit’ sector and with over 60,000 customers is one of the UK’s Top 10 software houses.The group is also a leading provider of payroll, HR, accounting and ERP systems for businesses as well as specialist software for sports clubs and field services and offers application modernisation software and services to blue chip companies.For more information please visit CLIC SargentFor more information about CLIC Sargent, please go to FURTHER INFORMATION, PLEASE CONTACT:Maria Sorvari, Marketing Manager, IRIS NFP Solutions, T: 020 8879 3939, Email: [email protected] CLIC Sargent Modernises Its Databases with CARE  25 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving.last_img read more

Parking tips and tricks: How to easily find an available parking spot

first_imgTCU wants ex-professor’s discrimination suit dismissed What to watch during quarantine Robbie Vaglio Robbie Vaglio Facebook Welcome TCU Class of 2025 Two students joined harassment and discrimination lawsuit against TCU Facebook ReddIt ReddIt Robbie Vaglio World Oceans Day shines spotlight on marine plastic pollution Robbie Vaglio Snow temporarily stepping down as honors dean Previous articleMillennials have power to define the midterms. Will they use it?Next articleHorned Frogs defense takes on biggest challenge yet Robbie Vaglio RELATED ARTICLESMORE FROM AUTHOR + posts printThe future School of Music Performance Hall replaced a commuter lot and construction east of University Drive has some students scrambling to find a spot close to their classes.The new School of Music Performance Hall is scheduled to open in May of 2020. Photo by Robbie Vaglio.“I normally park in the neighborhoods around campus because there are no other spots,” said Katherine Jennings, a senior entrepreneurial management major.Cort Marley, a junior engineering major, said some of his friends have asked to park in his driveway on Greene Avenue to avoid the hassle of on-campus parking.With only a handful of available parking lots for off-campus residents, it’s difficult to find a parking spot if you are late to class.There are eight commuter parking lots on campus. Image courtesy of“I’ll circle around four or five times, and don’t see a spot and don’t see anyone walking out so I have to go to a lot further away, and I still don’t see many spots over there,” said senior sociology major J.D. Miller.Jennings said some of her professors have occasionally been late to class because of the parking situation.After observing the behaviors of both professors and students in campus parking lots, Andrew Velkey, an associate professor of psychology at Christopher Newport University, created two parking strategies for anyone struggling to find a spot to use.The first strategy is to take the first spot you find, instead of looking for the closest available spot. Velkey determined that people who use this strategy almost always got to their destination quicker. He said people should look beyond the front row when finding a spot.Strategies change when the parking lot is full. When there are no available spots in the parking lot, Velkey suggests simply sitting and waiting until someone makes a spot available for you. According to his research, people who sat and waited were three times more likely to find a spot than someone who actively searched down every aisle.This student failed to find a parking spot in the lot north of the library. Photo by Robbie Vaglio.“When you wait for someone to leave and you find that one person who’s leaving, you can follow them to your spot,” Marley said. “If you’re just going up and down the aisle, there’s a larger amount of time where someone else can take that spot from you, instead of you directly getting that spot when they leave.”DeAnn Jones, coordinator of parking and transportation services, said there is plenty of parking for commuter students, but some may need to go out of their way to find it. Lots 3 and 4, just north of Amon G. Carter Stadium, are open to commuters.“TCU should make more of the neighborhoods accessible for parking” Jennings said. “If we could park in some of the neighborhoods around here, that would be really helpful.”TCU has no intention to add additional commuter lots in the near future. Twitter Linkedin I am the executive editor of TCU 360 from Raleigh, North Carolina. If you walk by my desk in the newsroom you’ll immediately know I’m Post Malone’s biggest fan. I’m always looking for a good story to tell! If you have any story ideas, feel free to reach out! Go Panthers! Linkedin Robbie Vaglio TCU places second in the National Student Advertising Competition, the highest in school history Twitterlast_img read more

The Pasadena Museum of History Presents An Afternoon with Louisa May Alcott

first_img Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Business News Beloved American author Louisa May Alcott (1832-1888) will return to life in a special Living History presentation on Sunday, March 15, 2:00 p.m. at The Shakespeare Club.Performance artist, author, and educator Valerie Weich will portray Alcott, whose novels Little Women and its sequels continue to win new generations of fans. As the famed author, Weich will speak on Alcott’s views about her fame, as well as discuss women’s inequality and women’s suffrage, her experience as a Civil War nurse, the abolitionist movement, and transcendental philosophy.This program is presented by Pasadena Museum of History; funding is generously provided by the Living History Centre Fund.Tickets are $12 General; $10 Museum & Shakespeare Club Members. Pre-paid reservations are required and available online at or by calling 1.800.838.8006. The Shakespeare Club is located at 171 South Grand Avenue, Pasadena. Free parking is available in the Shakespeare Club lot and on the street.About the PerformerValerie Weich made her debut as Louisa May Alcott for Pasadena Museum of History in April 2003, in an original, one-woman presentation, The Late Louisa May. She subsequently developed the performance into an educational outreach program (Literary Lives) and has since performed for more than 8,000 students in the Glendale, Pasadena, Burbank, Alhambra, and Los Angeles Unified School Districts. She has also made numerous appearances in a variety of venues for audiences of all ages.Weich has also portrayed Pasadena arts patron Eva Scott Fenyes (1849-1930) for PMH and is developing a one-woman presentation, Frankenstein’s Mother: An Evening with Mary Shelley. She curated her first art exhibition at the South Pasadena Public Library in October 2018, Frankenstein Meets Little Women: A Monster Mash that included eleven artists celebrating the 200th anniversary of Frankenstein and the 150th anniversary of Little Women.A member of the Horror Writers Association, Weich is currently a Bram Stoker Award® nominee in the Short Non-Fiction category. Her article titled “Lord Byron’s Whipping Boy: Dr. John William Polidori and the 200th Anniversary of The Vampyre” was published in Famous Monsters of Filmland, No. 291 (October 2019). She is also a nominee for a Rondo Hatton Classic Horror Award. HerbeautyThese Lipsticks Are Designed To Make Your Teeth Appear Whiter!HerbeautyHerbeautyHerbeauty6 Trends To Look Like An Eye-Candy And 6 To Forget AboutHerbeautyHerbeautyHerbeauty10 Female Celebs Women Love But Men Find UnattractiveHerbeautyHerbeautyHerbeauty5 Things To Avoid If You Want To Have Whiter TeethHerbeautyHerbeautyHerbeautyBohemian Summer: How To Wear The Boho Trend RightHerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeauty More Cool Stuff Make a comment Community News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Events Previews The Pasadena Museum of History Presents An Afternoon with Louisa May Alcott On Sunday, March 15, 2:00 pm at The Shakespeare Club of Pasadena STAFF REPORT Published on Thursday, February 27, 2020 | 2:31 pm EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy center_img Name (required)  Mail (required) (not be published)  Website  Subscribe First Heatwave Expected Next Week 108 recommendedShareShareTweetSharePin it Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Your email address will not be published. Required fields are marked * Community News Top of the News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Dishing up hot dogs in honor of ‘mama’

first_img Print Article Latest Stories Plans underway for historic Pike County celebration Troy falls to No. 13 Clemson Email the author Pike County Sheriff’s Office offering community child ID kits Skip Penny Hoarder Issues “Urgent” Alert: 6 Companies Are… By Jaine Treadwell You Might Like Dishing up hot dogs in honor of ‘mama’ Until now, not one from the Millennials to the centenarians had experienced the coronavirus pandemic. So, COVID-19 has, in many ways, bridged the generation gap.Under a variety of “stay home” orders, family members have actually talked and listened to each other. Book Nook to reopen Sponsored Content When COVID-19 forced the closing of the restaurant, the sisters had time to reflect on day’s past and predict the future of their restaurant.“We didn’t know if we could come back after being shut down and, if we did, how would we do it?” Pat said. “But, we had plenty of time to think about it.”During all that thinking time, Pat said she remembered one of the happiest days she and her mother, Juanita Golden, spent together. “I took Mama to a doctor’s appointment in Dothan and she was all dressed up,” Pat said. “Back then, we dressed up to go to the doctor. We don’t do that anymore.” Upon leaving the doctor’s office the ladies’ backbones were meeting their stomachs. Pat asked her mama what she would like to eat.“Mama said she wanted a hot dog — a foot-long with chili,” Pat said. “I didn’t want us to eat chili dogs in the car but I stopped and got us one and Mama started right in eating.”Pat said before she could even bite her dog, her mama had ketchup, mustard and chili sauce all over her face, running all down her, all off her, all under her. She was covered in everything except the wiener, which she had managed to eat.“Mama was the funniest-looking thing. We started laughing and we couldn’t stop,” Pat said. “I can still see Mama laughing and remember how happy we were. Life was so simple back then. That day is one of my favorite memories of Mama.”On Tuesday, sisters Pat and Geraldine held to their promise that they would open Sisters Restaurant again if all they could serve was hotdogs. And, they did so “in memory of Mama.” Remember America’s heroes on Memorial Day Young people have actually found what their elders had to say was worth their time.On Tuesday, Emily Bryan “shoved down” a foot-long chili dog with all the trimmings in memory and honor of her great-grandmother who once “slopped” ketchup, mustard and chili sauce all over her best dress and her whole being on one of the happiest days of togetherness her grandmother, Pat Rogers, can remember.Pat and her sister, Geraldine, own and operate Sisters Restaurant on busy U.S. Highway 231 south of Troy. Published 6:39 pm Tuesday, May 19, 2020 By The Penny Hoarder PCHS students receive diplomas The valedictorian and salutatorian of Pike County High School were the first members of the Class of 2020 in Pike… read more Emily Bryan was among those who dined on foot-long chili dogs served at Sisters Tuesday in fond memory of her great-grandmother, Juanita Golden, and in remembrance of the good and simple times shared with loved ones. Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Patriot Health ZoneHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential Health32-second Stretch Ends Back Pain & Sciatica (Watch)Healthier LivingThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Duke Energy, Dominion Energy abandon Atlantic Coast Pipeline project

first_imgThe project is a 970km underground pipeline project to transport natural gas from West Virginia to customers in Virginia and North Carolina, US The interstate pipeline includes 42in-diameter and 36in-diameter segments. (Credit: Pixabay/PublicDomainPictures) US-based electric power holding company Duke Energy and Dominion Energy has abandon their plans to build the Atlantic Coast Pipeline.The construction of the pipeline has been cancelled citing the on-going delays and increasing cost uncertainty which threaten the economic viability of the project.The $8bn Atlantic Coast Pipeline (ACP) is a 970km underground pipeline project to transport natural gas from West Virginia to customers in Virginia and North Carolina, US.The Atlantic Coast Pipeline was announced in 2014Dominion Energy chairman, president, and CEO Thomas Farrell, II and Duke Energy chair, president, and CEO Lynn Good said: “We regret that we will be unable to complete the Atlantic Coast Pipeline. For almost six years we have worked diligently and invested billions of dollars to complete the project and deliver the much-needed infrastructure to our customers and communities.“Throughout we have engaged extensively with and incorporated feedback from local communities, labor and industrial leaders, government and permitting agencies, environmental interests and social justice organizations.“This announcement reflects the increasing legal uncertainty that overhangs large-scale energy and industrial infrastructure development in the United States. Until these issues are resolved, the ability to satisfy the country’s energy needs will be significantly challenged.”Initially announced in 2014, the project was planned to be constructed in response to a lack of energy supply and delivery diversification for many of the families, businesses, schools, and national defence installations across North Carolina and Virginia.The interstate pipeline includes 42in-diameter and 36in-diameter segments that were planned to have the capacity to deliver 1.5 billion cubic feet (bcf) of gas a day.According to Duke Energy, the project was estimated to create thousands of construction jobs and millions of dollars in tax revenue for local communities across West Virginia, Virginia and North Carolina.last_img read more

Understanding is all

first_imgKnowledge is power was the message from Tesco’s in-store bakery category manager at the autumn British Society of Baking (BSB) conference. Neil Franklin, who probably has more of both these commodities at his fingertips than many others in the baking industry, said suppliers are not employing supermarket sales data enough.Franklin, formerly of British Bakeries, gave a frank assessment of the supply chain’s shortcomings. His message was: when it comes to understanding consumers and making future plans, many in-store bakery suppliers are off the pace.But while suppliers are already gritting their teeth over massive ingredient price hikes, sweating over how to pass those costs on to the multiples, delegates were told there is plenty of opportunity to grow their business in partnership with Tesco, as long as they question their approach to future strategy. Too often, buyers’ questions about long-term plans are being met with a mute response, he said.”It always comes back to ’what’s the plan?’ I don’t think all our suppliers could articulate that right now. There’s nothing greater for us than someone saying, ’Actually, you should be going after this area because we’ve researched it and you’d be the first to market on it’. We’ll build those plans up together in the partnership,” said Franklin.Suppliers were not taking advantage of Tesco Link – a free web-based tool that contains store-specific electronic point-of-sale information as well as stock level data. This offers data on what products are being sold, volume, values and how they compare to the key KPIs within the in-store bakery.”The worrying thing is that not all of our suppliers are using it,” he said. “As a business, we will look at our numbers daily – probably even more frequently; I’m not sure how any business can get by without actually understanding the sales through the till.”Furthermore, Tesco’s Clubcard data system, by Dunnhumby, also available to suppliers, is not being checked by them regularly enough, he said. “It gives us the insight into how our promotions are working, what level of loyalty it has, what potential there is for a product’s growth and where it’s ranked in its category. From that you can draw out the broader trends, and it’s available to all our suppliers.”Franklin urged suppliers to ditch the mindset that a product’s life story ends when it reaches the Tesco depot. “The more you understand your customer, the greater the opportunity to grow your business. If it’s getting through the depots, but not through the till, then what fundamentally is going wrong? Is there something within our systems that we need to be challenged on?” he asked. “Sharing your objectives in terms of what volumes you’re trying to gain and the value you’re hoping to deliver is perfectly achievable.”Meanwhile, Franklin gave a broad hint that scratch-baking will play a bigger role in the future of Tesco’s in-store bakeries and would not be squeezed out by bake-off. A new training regime is being implemented in Tesco’s 500 scratch-bake and 200 part-bake bakeries to address admitted failures in its bakery training programmes. Training of coaches is under way and the programme will be rolling out across the entire estate over the next year.”We didn’t feel we had the right level of capability in our training programmes,” he said. “One of the core things you’d expect of an in-store bakery training programme is how to make a loaf of bread. Rather embarrassingly, ours didn’t. So we’ve revisited the whole programme, putting in four levels from bronze to masterclass and it’s a bit of a Jedi programme. If we don’t address the fundamental issues – the capability and understanding of how to make the product – then we’re throwing away good money after bad.”Despite the rise of bake-off, Franklin would like to promote more scratch-baking of core breads. “It’s vitally important that we seek to move to more scratch solutions, but, where we can, also have the right level of bake-off operation. Customers’ quality perceptions for bakery are second only to fresh produce, so it’s an important department. Some stores may wish to do bake-off because it’s simpler, but we feel the customer prefers scratch over bake-off any day.”While premium lines have dri-ven NPD in the category, it has yet to be seen whether rising mortgage rates and food inflation will destabilise premium-bound consumer purchasing habits. Premium sectors are driving growth, but innovation should not revolve around this, he insisted.”In bakery, we have a lot of indulgent products. If the belt is tightening, what are you going to sacrifice – the £800 plasma screen TV or the £1 packet of doughnuts? We’re looking ahead and as soon as the answer pops out, we’ll adjust our trends accordingly. For me, innovation has to orientate around all our pillar brands. That’s an approach I would seek from all our suppliers. We’re a broad church and customer trends are changing.” n—-=== Conference notes ===Suppliers could do more to improve availability – only 15% of shoppers say they get everything they want from a visit to any supermarketNPD should be focused across the whole spectrum of bakery – not just premiumTesco has begun a new in-store bakery training programme to strengthen its scratch bakery offeringSuppliers need to monitor product sales data daily and have a more comprehensive depot-to-till approach, alongside long-term sales strategieslast_img read more