The Rolls-Royce share price: amazing value for my ISA?

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. 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 Tom Rodgers 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. 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. “This Stock Could Be Like Buying Amazon in 1997” Image source: Rolls-Royce plc center_img The Rolls-Royce share price: amazing value for my ISA? Tom Rodgers | Monday, 29th March, 2021 | More on: RR Our 6 ‘Best Buys Now’ Shares Enter Your Email Address TomRodgers 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. The Rolls-Royce (LSE:RR) share price remains of considerable interest to me as a value investor. Brave buyers picking up the FTSE 100 stock in September 2020 would have seen a 165% return to date. So am I too late to the party? Is there more value to be had in buying the British aerospace and defence specialist in my ISA today?  Let’s take a look at the immediate future and what’s on the horizon for the storied British brand. 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…First upSome really rather good news from the Derby manufacturer is that its engineers have started work building a demo version of the UltraFan. This is a £500m UK government-backed project to build the world’s largest jet engine that can run on sustainable fuels. The equipment is said to be 25% more efficient than Rolls-Royce’s Trent engines. These are the kind that power common aircraft like the Airbus A380 and the Boeing 787.Like the wider consumer switch from petrol to electric cars, there are expected to be refuelling and cost issues with sustainable fuels versus traditional jet fuel. But projects like the UltraFan could help aid the transition to more renewable fuel sources for the airline industry. FTSE 100 businesses have had to overhaul their business models to become more environmentally-friendly and remain relevant. Low and zero-polluting products and services have become both a fundamental requirement and a massive business opportunity.Rolls-Royce numbersIt’s hard to write about the Rolls-Royce share price and its potential future without considering its massive debt pile. The company’s October 2020 announcement that it would raise £2bn in debt accompanied a 60% share price crash in a single day. Bosses have also said the business will burn through £4.2bn in cash in 2021.And I couldn’t say the Rolls-Royce share price is exactly cheap, per se. Its price-to-earnings ratio is technically negative because it made a £2.91bn loss in the year to 31 December 2020. That’s more than double the £891m loss from 2019. Looking to its future revenue potential, Rolls Royce’s defence arm did grow profits by 7.5% last year. The aerospace giant also does not expect civil aviation to return to 2019 levels until the 2024-25 financial year. And this division is by far its most significant earner, producing 41% of the business’s underlying revenue. But City brokers have pegged FY2022 as the point when Rolls-Royce returns to profit overall. In conclusionWhen I’m looking at potentially cheap FTSE 100 stocks that could offer me a great return I often lean on John Neff’s advice. “Buy stocks that look bad to less careful investors and hang on until their true value is recognised,” he famously said.It might look pretty bad for the Rolls-Royce share price today, tomorrow, or next week. The debt is a risk. And the cash burn is a risk. But if I can buy and hold for a couple of years? The outlook could be much more positive. The Rolls-Royce share price is treading water as we head into April 2021. In fact, it’s almost exactly where it was on the first day of trading at the start of the year. The business is unprofitable today. But I can see a future where Rolls-Royce returns to profit.On that day, it’s quite possible the rest of the market will catch up and its true value will be recognised.  last_img read more

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Poulson C. Reed elected sixth bishop of Oklahoma

first_img Rector Smithfield, NC Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector (FT or PT) Indian River, MI People Bishop Elections, Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET The Rev. Poulson Reed. Photo: Diocese of Oklahoma[Diocese of Oklahoma] The Episcopal Diocese of Oklahoma elected the Rev. Poulson Reed as bishop coadjutor to become the sixth diocesan bishop on Dec. 14 at St. Paul’s Cathedral in Oklahoma City. Reed will succeed the Rt. Rev. Edward J. Konieczny upon his retirement at the end of 2020. Reed was elected on the second ballot by clergy and lay delegates from congregations across Oklahoma. Reed received 81 votes from lay delegates and 52 votes from clergy. The other candidate on the ballot was the Rev. Canon Scott Gunn of Cincinnati, Ohio.“Today’s election represents months of hard work, discernment and fervent prayer,” said the Rev. Mary Ann Hill, president of the standing committee. “We are excited about the gifts and experiences the Rev. Reed will bring to us and pledge our love and support. We look forward to the next part of our journey, trusting that the Holy Spirit will continue to lead us into the future God has in store for us.”“I give thanks for the election of the Rev. Reed as the bishop coadjutor of the Diocese of Oklahoma,” said the Rt. Rev. Edward J. Konieczny, “and look forward to our time of transition as they become the sixth bishop of this great diocese.”The Rev. Reed is currently the rector of All Saints’ Episcopal Church and Day School in Phoenix, Arizona. He is the spiritual and managerial leader of both the church and school staffs. Previously, Reed served as the sub-dean and canon of St. John’s Cathedral in Denver, Colorado. He is married to Megan Reed and they have three sons.The canons of The Episcopal Church require that all bishop elections receive the consent of a majority of diocesan bishops and diocesan standing committees. Following a successful consent process, the Rev. Reed will be ordained and consecrated on Saturday, April 18, 2020 at Oklahoma City University by the Most Reverend Michael Curry, presiding bishop of The Episcopal Church.We invite your prayers for the Diocese of Oklahoma during this time of transition; for Bishop Ed Konieczny and his wife, Debbie, as they enter into retirement and for the Rev. Poulson Reed and his family as they prepare for this new season of ministry. Priest-in-Charge Lebanon, OH Poulson C. Reed elected sixth bishop of Oklahoma Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Bath, NC In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Director of Administration & Finance Atlanta, GA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Tags Submit a Job Listing Press Release Service The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Associate Rector for Family Ministries Anchorage, AK The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Washington, DC Curate Diocese of Nebraska Missioner for Disaster Resilience Sacramento, CA Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Featured Events Submit a Press Release Featured Jobs & Calls Course Director Jerusalem, Israel Bishop Diocesan Springfield, IL TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Director of Music Morristown, NJ New Berrigan Book With Episcopal Roots Cascade Books Rector Tampa, FL Assistant/Associate Rector Morristown, NJ Canon for Family Ministry Jackson, MS Associate Priest for Pastoral Care New York, NY Rector Hopkinsville, KY Priest Associate or Director of Adult Ministries Greenville, SC Posted Dec 16, 2019 This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Curate (Associate & Priest-in-Charge) Traverse City, MI Cathedral Dean Boise, ID Rector Collierville, TN Associate Rector Columbus, GA Rector Shreveport, LA Rector Pittsburgh, PA Rector Knoxville, TN Youth Minister Lorton, VA Assistant/Associate Rector Washington, DC AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector Belleville, IL Rector Martinsville, VA House of Bishops, Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Assistant/Associate Priest Scottsdale, AZ Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Family Ministry Coordinator Baton Rouge, LA Submit an Event Listing Rector and Chaplain Eugene, OR Rector/Priest in Charge (PT) Lisbon, ME Rector Albany, NY last_img read more

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Corporate foundations should tie in with their company’s corporate responsibility strategy

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 19 July 2007 | News Corporate foundations need to align their activities with their company’s corporate responsibility strategy so the social benefit is improved and their independent charitable status is not compromised.This could result in full integration of the foundation’s activities into various elements of corporate responsibility (CR) including engagement with wider stakeholders such as customers, suppliers and employees, says a report from the Charities Aid Foundation (CAF). Foundations need to have confidence to fulfil their statutory obligations and their clarity of purpose creates the flexibility and opportunity for alignment.Examples of this include Waitrose, whose Foundation helps to improve the welfare of farm workers in South Africa who produce fruit sold in Waitrose stores. Advertisement Russell Prior, executive director, company services at CAF said: Our research demonstrates that foundations continue to bring value to corporate giving programmes in many different ways. As corporate responsibility and community investment become more integrated into general business practice, it is particularly interesting to note how some companies are using the foundation model and making the most of the benefits that come with that, tomanage a core part of their strategic CR programme.CAF believes that foundations need to improve the way they communicate their purpose, objectives and activity both to their parent company and other key stakeholders outside their organisation. The report is available to download from CAF’s website. Tagged with: corporatecenter_img Corporate foundations should tie in with their company’s corporate responsibility strategy  21 total views,  1 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 GoodJobs.org.uk. Researching massive growth in giving.last_img read more

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RSF calls for end to legal proceedings against India’s Cobrapost

first_img to go further RSF demands release of detained Indian journalist Siddique Kappan, hospitalised with Covid-19 Cobrapost named its undercover investigation Operation 136 in reference to India’s ranking in RSF’s 2017 World Press Freedom Index (Courtesy : Cobrapost – RSF). News April 27, 2021 Find out more Cobrapost named its undercover investigation Operation 136 in reference to India’s ranking in RSF’s 2017 World Press Freedom Index. And what it found could explain why this country, the cradle of an exceptionally dynamic press, has fallen so low.Cobrapost posted an initial series of videos in March and a second series, “Part II,” on 25 May. They show Cobrapost reporter Pushp Sharma posing as a right-wing Hindu nationalist activist meeting the owners of 27 leading media groups while carrying a hidden camera.He offered each of them significant sums of money – to be paid in cash if necessary – in return for favourable coverage of the activities of the ruling Bharatiya Janata Party in the run-up to the 2019 general election. Almost all of these media bosses accepted the offer and most of them promised to set up special teams for this purpose.After the latest series of Operation 136 videos were released, three of the targeted media groups sent legal notices to Cobrapost and to other independent media outlets, such as The Wire and The Quint, that published stories about the Cobrapost sting on their own websites. On the eve of Part II’s release, the Dainik Bhaskar group managed to get an injunction blocking the publication of any material referring to its directors. The Suvarna News group obtained a similar court order after the release.“These are temporary injunctions, not takedown orders,” Cobrapost editor Aniruddha Bahal told RSF. “We don’t get intimidated. It is they who have to worry. Not us.” The legal battle is continuing.“The press groups that have brought legal proceedings against Cobrapost must abandon them at once,” said Daniel Bastard, the head of RSF’s Asia-Pacific desk. “Trying to kill the messenger instead of addressing the problems he reported is a terrible admission of weakness, if not guilt. The editorial independence of journalistic staff is one of the pillars of respect for press freedom.”Bastard added: “Cobrapost’s revelations say a lot about the practices of those who run most of India’s leading media groups, and about the pressure they put on their journalists. With a year to go to the next general election, it is high time to allow India’s journalists to again enjoy the freedom they used to have, so that they can provide the public with more impartial news coverage.”“Self-censorship”In the Operation 136 videos, Sharma is seen offering media bosses tens of million rupees in exchange for three things: praise of Hindutva, the fundamentalist Hindu ideology that spawned the BJP; coverage discrediting opposition leaders who could pose a threat to Prime Minister Narendra Modi; and promotion of views liable to polarize voters, for example, by exploiting hatred of Muslims.Only two media groups clearly rejected the offer on ethical grounds. They were Bartaman Patrika and Dainik Sambad, which are both based in West Bengal. All the others agreed readily.“This is dismal,” said Bahal, who launched Cobrapost in 2003. “There is a lot of carrot and stick from the government and a lot of self-censorship as a result. For those who want to expose and investigate, there are just a handful of organizations that would support their endeavour. That is sad.”Open Magazine is the only targeted media that has so far taken measures against those who agreed to the offer of Cobrapost’s undercover reporter. Two Open Magazine executives have been sanctioned by its management.Between the release of the first batch of Operation 136 videos in March and the release of the second batch a few days ago, India fell another two places in the RSF World Press Freedom Index, and is now ranked 138th out of 180 countries. Reporters Without Borders (RSF) calls for the withdrawal of the legal actions that many Indian media outlets have brought against Cobrapost, an investigative news website whose undercover reporting has shown that most of India’s leading media groups would take money from the ruling party in return for favourable coverage. RSF also urges all of these media groups to respect their staff’s editorial independence. Follow the news on India News March 3, 2021 Find out more India: RSF denounces “systemic repression” of Manipur’s media June 6, 2018 RSF calls for end to legal proceedings against India’s Cobrapost center_img News IndiaAsia – Pacific Protecting journalistsMedia independenceProtecting sources CorruptionConflicts of interestEconomic pressure IndiaAsia – Pacific Protecting journalistsMedia independenceProtecting sources CorruptionConflicts of interestEconomic pressure News June 10, 2021 Find out more Help by sharing this information Organisation Receive email alerts RSF_en In rural India, journalists face choice between covering pandemic and survivallast_img read more

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Limerick Charity getting sweet treats from Shannon Heritage

first_imgDonal Ryan names Limerick Ladies Football team for League opener RELATED ARTICLESMORE FROM AUTHOR Limerick’s National Camogie League double header to be streamed live Leading visitor attractions operator Shannon Heritage is donating confectionary from its retail stores.Commenting on the initiative, Vanessa McTigue, Head of Commercial Operations at Shannon Heritage said: “Like all tourist attractions around the country and following government guidelines, we temporarily closed our visitor sites last month due to COVID-19.“We wanted to see if there was something we could do to raise people’s spirits a little at this difficult time and keep a connection to the local communities in our region.“We had confectionary in our retails stores at Bunratty Castle & Folk Park, the Cliffs of Moher in Co. Clare, and also at King John’s Castle in Limerick. We decided to donate the stock to worthy recipients in the community and will continue to do so over the coming weeks. Advertisement TAGScharityKeeping Limerick PostedLimerick. Limerick PostShannon GroupShannon Heritage Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash WhatsApp Email Print WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads center_img Linkedin “We chose a local nursing home in Ennistymon Co. Clare and the Simon Community in Limerick City. This is food and confectionary that would have been sold in our retail stores which are currently closed and it is now being delivered to the two premises over the coming day or two.” she added. Previous articleA Covid-19 anthem from Limerick’s We Come In PiecesNext articleLimerick’s Keith Earls to raffle off worn Irish jersey to raise funds for Barnados Meghann Scully LimerickNewsLimerick Charity getting sweet treats from Shannon HeritageBy Meghann Scully – April 1, 2020 128 Predictions on the future of learning discussed at Limerick Lifelong Learning Festival A nursing home in Co. Clare and a charity in Limerick City are getting some sweet treats thanks to a donation by Shannon Heritage, a Shannon Group company. Limerick Ladies National Football League opener to be streamed live Twitter Facebooklast_img read more

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Mac Lochlainn says GPs should not be blamed for NoWDOC crisis

first_img Pinterest Calls for maternity restrictions to be lifted at LUH Google+ Previous articleGAA Programme – 29/07/15Next articleRally to take place in Letterkenny in support of NoWDOC service admin Almost 10,000 appointments cancelled in Saolta Hospital Group this week Guidelines for reopening of hospitality sector published GAA decision not sitting well with Donegal – Mick McGrath WhatsApp A Donegal TD is urging more GPs to speak out about the reason they are proposing reducing the overnight out of hours services in Carndonagh and Derrybeg.Deputy Padraig Mac Lochlainn says people need to realise the NoWDOC service is facing cuts because the government and the HSE are not providing the necessary resourcesd to run the service.He was speaking following confirmation from HSE management that they are to “live test” the proposed reduced NowDoc service over the next number of weeks.Deputy Mac Lochlainn says the real issue here is Health Minister Leo Varadkar isn’t equipping GPs to maintain the NoWDOC service at current levels……………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/07/podnowdoctest.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. RELATED ARTICLESMORE FROM AUTHOR LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twittercenter_img Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey By admin – July 30, 2015 Twitter Homepage BannerNews Google+ Mac Lochlainn says GPs should not be blamed for NoWDOC crisis Pinterest Facebook Facebook WhatsApplast_img read more

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Prince Harry, Meghan delivered Easter meals in Los Angeles

first_img https://t.co/0pgBRNZqHo— ProjAngelFood (@ProjAngelFood) April 15, 2020 Duchess Meghan is a Los Angeles native who knew about the charity’s work in the community from growing up in the area, a source familiar with the matter told ABC News.Earlier in the week it was announced that Harry and Meghan have arranged for excess profits from the BBC broadcast of their May 2018 wedding to go toward feeding hungry children during the pandemic.The couple plans to give just over $112,000 to Feeding Britain, a U.K.-based charity that provides food to families in need, according to its website. The charity’s president is the Archbishop of Canterbury, who presided over the Sussexes’ wedding.Harry also participated in a video call this week with families of seriously ill children in the U.K. to see how they are holding up during the coronavirus pandemic.Harry told the families that one of the “positives” to emerge from the coronavirus pandemic is “being able to have family time.”“So much family time that you almost think do I feel guilty, but you have got to celebrate those moments when you are just rolling around on the floor in hysterics,” he said. “But inventively, maybe half an hour later, a day later, there will be something you have got to deal with.”Harry and Meghan have been following coronavirus-related stay-at-home orders in California since moving there from Vancouver Island, where they had spent the past several months.The Sussexes plan to launch a nonprofit venture named Archewell, but no details have been released. Their last official royal engagement in the U.K. was on March 9, when they attended a Commonwealth Day service with other members of the royal family.Harry and Meghan’s official last day as working royals was March 31 and their Buckingham Palace office closed on April 1. In their new roles as non-working members of the royal family, Harry and Meghan no longer use their HRH titles, no longer represent the queen and do not receive public funds. Copyright © 2020, ABC Audio. All rights reserved. Gareth Cattermole/Getty Images(LOS ANGELES) — Prince Harry and Duchess Meghan appear to be diving right into life in their new home, Los Angeles.The Duke and Duchess of Sussex, who recently moved to the City of Angels with their 11-month-old son Archie, delivered free meals to people in Los Angeles on Easter Sunday .The Sussexes spent Easter morning volunteering with Project Angel Food and then did another shift on Wednesday, according to the charity’s executive director Richard Ayoub.“In honor of the Easter holiday, the Duke and Duchess spent Sunday morning volunteering with Project Angel Food by delivering meals to our clients,” Ayoub said in a statement. “On Wednesday they quietly continued delivering meals to relieve our overworked drivers.”“It was their way to thank our volunteers, chefs and staff who have been working tirelessly since the COVID-19 crisis began,” he said.Project Angel Food is a Los Angeles-based charity that “cooks and delivers over 600,000 nutritious meals each year, free of charge, to the homes of men, women, and children affected by life-threatening illnesses,” according to its website.last_img read more

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Case round up news in brief

first_imgCase round up news in briefOn 1 Nov 2003 in Personnel Today Comments are closed. Previous Article Next Article This month’s case round up news in briefAdditional working hours could be required without an instruction Grant was entitled to additional wages over and above his normal pay if hewas “required” to carry out on-call duties.  Grant worked a large number of “on-call” hours but wasnot paid for them.  The EAT rejected anemployment tribunal decision that Grant was entitled to be paid only if theemployer expressly requested, through a direct instruction or in the contractitself, that the on-call hours should be worked. They preferred Grant’sargument that a “requirement” to carry out the work could arise fromthe circumstances in which it was performed. In other words, the work was “required”, if it was necessaryfor Grant to carry out the work during on-call hours. Grant v Kent CountyCouncil, EAT Possible bias rendered dismissal unfair Firth was dismissed following anonymous allegations that he was siphoningpetrol from his employer’s customers’ vehicles while they were on theemployer’s site. An employment tribunal considered that the dismissal wasunfair, since the manager who heard the disciplinary hearing was alleged byFirth to have victimised him over a period of time. Firth v BRC BarnsleyLimited, EAT Outcome of unheard disciplinary proceedings relevant to compensation Cameron was dismissed on the grounds of ill-health and brought a successfulunfair dismissal claim.  At the time ofhis dismissal, he was facing disciplinary proceedings that had not been hearddue to his sick leave. The EAT upheld a tribunal ruling that the likely outcomeof those disciplinary proceedings could be taken into account when addressingcompensation. Cameron v Stagecoach Scotland Limited, EAT Related posts:No related photos.last_img read more

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Inter Pipeline to sell majority of European storage business to CLH Group

first_img European bulk liquid storage. (Credit: CNW Group/Inter Pipeline Ltd.) The sale includes 11 storage terminals in the UK with over two million cubic metres of capacity, two terminals in Germany, one terminal in Ireland, and one terminal in the Netherlands Canadian petroleum transportation and infrastructure firm Inter Pipeline has agreed to sell most of its European liquid storage businesses to CLH Group for £420m.The company has reached a definitive agreement to sell its bulk liquid storage and handling assets in the UK, Ireland, the Netherlands and Germany.Under the terms of the deal, CLH will acquire 15 storage terminals with a total nearly storage capacity of about 18 million barrels.The acquisition includes 11 storage terminals in the UK with over two million cubic metres of capacity, two terminals in Germany, one terminal in Ireland, and one terminal in the Netherlands.The 15 storage terminals generated an EBITDA of about £42m in 2019, representing about two-thirds of the Canadian firm’s cashflow from its businesses in Europe.The sale will allow Inter Pipeline to develop Canadian businessesInter Pipeline president and CEO Christian Bayle said: “This is a very positive transaction for Inter Pipeline. Monetising a significant portion of our European asset base enables us to focus resources on developing our higher growth Canadian businesses.“As such, proceeds from the sale will be used to reduce debt, strengthen our balance sheet and assist with financing our large capital expenditure program, including the Heartland Petrochemical Complex.”Subject to the satisfaction of closing conditions and regulatory approvals, the acquisition is anticipated to be completed in the fourth quarter of 2020.The Canadian firm said that it will continue to own and operate eight terminals in Sweden and Denmark with a combined storage capacity of approximately 19 million barrels.Morgan Stanley served as financial advisor to Inter Pipeline for the transaction while Citigroup acted as financial advisor to CLH.In August last year, Inter Pipeline has confirmed the receipt of an unsolicited, non-binding, conditional and indicative takeover proposal from an undisclosed party.last_img read more

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Journalism Students Discuss Banned White House Reporter

first_imgFacebookTwitterCopy LinkEmailShare Journalism Students Discuss Banned White House ReporterNOVEMBER 11TH, 2018 JOYLYN BUKOVAC EVANSVILLE, INDIANAAn exchange between CNN reporter Jim Acosta leads to him being banned from the White House until further notice. The President took aim at Acosta’s question, asking about the president’s characterization of the migrant caravan, but when the reporter tried to ask a follow-up question, a White House intern tried taking the microphone away.Journalism students at the University of Evansville discussed the incident and what this type of exchange could mean for students like them.“He asked him about his opinion which is completely okay because he is our president, so everything that he does affects not only him but the entire county because everyone has connections no matter how big or small,” says Taylor Jones, University of Evansville student.Most of them thought to take away Acosta’s press credentials was harsh, but they had different opinions on whether or not Acosta should have just passed the microphone.“He asked him to move on, and he still asked another question about a different topic, and I don’t know how many questions you get during interviews, and other people wanted questions so I think he should have just handed it over,” says Logan Sitzman, University of Evansville student.Others thought it was good Acosta confronted the President.“He kept asking questions because Trump wasn’t giving a continuous answer he was dodging it. He was trying to avoid saying what he actually thought,” says Tiger Pluckebaum, University of Evansville student.Although, some students do not think this exchange will affect their future careers.“I don’t think; I think we’ll have like political people being President, you know what I’m saying? I don’t think it will be as crazy.”last_img read more

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