Acquisitions boost profits at BNY Mellon

first_img Share KCS-content BANK of New York Mellon said yesterday its fourth-quarter profit from operations increased 10 per cent as acquisitions bolstered fee income.Operating earnings rose to $734m (£460m), or 59 cents per share, from $667m, or 55 cents a share, a year earlier. Analysts had expected operating earnings of 57 cents per share.The bank’s operating earnings, on which analysts and investors focus, excludes restructuring and merger costs as well as tax benefits from the year-earlier period. Income from continuing operations declined to $690m, or 55 cents per share, from $712m, or 59 cents a share, a year earlier.Revenue of $3.8bn was up 14 per cent from a year earlier and 10 per cent from the third quarter. That included a 16 per cent jump in fee income to $3.0bn, helped by the acquisitions of PNC’s Global Investment Servicing business and BHF Asset Servicing of Germany last year.BNY said it had a record $25 trillion of assets under custody at the end of 2010, a 12 per cent increase from the end of 2009 and a two per cent gain over the prior quarter.The stock, which has gained 10 per cent over the past year, got a boost in November when Warren Buffett’s Berkshire Hathaway investment firm disclosed it had bought a stake during the third quarter. Meanwhile, BNY’s chief executive Robert Kelly said the bank was looking to buy back stock and resume dividend payments in 2011, rather than pursue more large acquisitionsHe said: “We hope to be in a position where we can do dividends and buybacks again. Last year, there were some motivated sellers. I kind of view that as a one-time event.”BNY cannot resume dividends or buybacks, suspended because of the 2008 financial crisis, without regulators’ permission Show Comments ▼ 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’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 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Adscenter_img Tags: NULL whatsapp Acquisitions boost profits at BNY Mellon whatsapp Wednesday 19 January 2011 8:28 pmlast_img read more

Wizz Air warns of more losses this year! Here’s what I’d do now

first_imgWizz Air warns of more losses this year! Here’s what I’d do now The Wizz Air (LSE:WIZZ) share price has fallen again on Wednesday after the airline released its latest trading update. The FTSE 250 share has dropped 1% in midweek trading, trimming share price gains during the past 12 months to 32%.Hopes of a strong bounceback for the aviators from 2021 have steadily lost altitude in recent months. And today Wizz Air has underlined the difficulties facing the industry as it warned that financial 2022 “will continue to be a transition year.”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…According to chief executive József Váradi: “We are cautiously optimistic about the recovery of the business, which has started later than what we would have liked as Covid-19 restrictions have remained in place longer than anticipated.” He added that “unless we see an accelerated and permanent lifting of restrictions,” the company expects to remain loss-making in the 12 months to March 2022.A “difficult” time to forecastVáradi noted that “[while] the recovery pattern continues to be difficult to forecast,” he added that “the trends are encouraging and we are ready as ever.” Wizz Air said it expected to fly at around 30% of capacity in the current quarter, and that it plans to resume all cash-generative routes as soon as government rules permit.While Wizz Air said it could record another net loss in financial 2022, it added that “we see a strong trading environment” for the following year. The UK share expects to run at full capacity in the next fiscal year.Growth strategy continuesWizz Air saw revenues plummet 73% during the 12 months to March, it said, to €739m. Passenger numbers crumbled by more than three quarters year-on-year in the period as the pandemic grounded its planes. The Hungarian airline carried just 10.2m passengers in fiscal 2021.As a result, the UK airline swung to a €566.5m pre-tax loss from a €294.1m profit in the previous year. However, tough trading conditions didn’t derail Wizz Air’s ambitious growth plans. The company expanded the number of flight operating bases from 25 to 43. It also expanded its fleet from 121 planes to 137.Wizz Air also saw the amount of cash on its books swell 8% year-on-year. It had total cash of €1.62bn as of the end of March.What I’m doing about Wizz AirClearly, Wizz Air faces a great deal of uncertainty going forward, as today’s forecasts prove. But as a long-term investor, I think buying the airline could be a very savvy move. The low-cost travel segment still has plenty of room for growth, a theme which the company plans to exploit to the fullest through aggressive expansion.What’s more, Wizz Air has plenty of liquidity to help see it through the current industry downturn. I think this emerging-market-focussed business could prove a shrewd long-term UK share to buy.In fact, I’m thinking of adding it to my Stocks and Shares ISA today. 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. Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares Royston Wild | Wednesday, 2nd June, 2021 | More on: WIZZ FREE REPORT: Why this £5 stock could be set to surge Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment.center_img Get the full details on this £5 stock now – while your report is free. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Wizz Air Holdings. 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. See all posts by Royston Wild Image: London Luton Airport 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. Enter Your Email Addresslast_img read more

Barnardo’s and Lloyds TSB extend partnership

first_img Barnardo’s charity of the year partnership with Lloyds TSB is to be extended by six months to June 2008. In future, all Lloyds TSB Charity of the Year partnerships will run for 18 months.Sally Jones-Evans, Lloyds TSB executive sponsor of their Charity of the Year Programme, said: “This extra time period on the charity of the year relationship is a real boost for both Lloyds TSB and Barnardo’s, and it gives all Lloyds TSB staff an extra chance to show much they Believe in Children.” Barnardo’s faced competition from over 100 charities to secure the relationship for 2007 and a record number of staff participated in the voting process. Lloyds TSB staff have subsequently engaged in many fundraising events for the charity, and the company was lead sponsor of Barnardo’s Big Toddle, the biggest event for under 5’s in the UK. Advertisement  23 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 1 October 2007 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Barnardo’s and Lloyds TSB extend partnership Tagged with: corporate 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

New rules and procedures in place for residents speaking at council meetings

first_imgBernice Ogbondah is a junior journalism major from Fort Worth, Texas. When she’s not reporting you can find her curating playlists or furiously retweeting foreign affairs, political pundits and anything social justice. Bernice Ogbondah Linkedin Previous article“We don’t act that way,” Patterson defends TCU football pregame incident in OklahomaNext articleWheelchair challenge creates a sense of empathy for Fort Worth Country Day students Bernice Ogbondah RELATED ARTICLESMORE FROM AUTHOR Listen: Ball Don’t Lie: The Closer Bernice Ogbondah Second annual Fortress Fest comes to the Fort this weekend ReddIt Review: Fortress Fest was a success Bernice Ogbondah Listen: Ball Don’t Lie: Clutch Factor Abortion access threatened as restrictive bills make their way through Texas Legislature Linkedincenter_img Bernice Ogbondah Facebook Fort Worth set to elect first new mayor in 10 years Saturday Facebook Twitter Grains to grocery: One bread maker brings together farmers and artisans at locally-sourced store + posts ReddIt Bernice Ogbondah printCitizens who want to speak out at city council will have to be quick about it. Starting this month, people will have three minutes to make their point, down from five minutes. Groups get six minutes, down from 10.  However, the meeting chair is allowed to reduce speaking time to two minutes at his or her own discretion. This means the council chair reserves the right to limit citizen input if the chair feels it could alter the meeting schedule.These changes were not popular with some however.“I think the council’s main goal in doing that was to reduce the time of city hall meetings,” Anthony Deininger, a TCU third-year Political Science major, said. “The correct solution is to lengthen the time you listen. Whether that involves adding council members to split districts further, or if it’s having longer meetings, whatever the case, I️ don’t think I️t is necessarily the best option to lower speaking limits.”Another change requires citizens to sign up online, in person or in the City Secretary’s office by 5 p.m. the day of the city council meeting to speak.The city also changed the way speakers make their presentations. The new rules call for speakers to begin their presentation by stating their name and their city of residence. Group presentations are still allowed, but only if at least 10 of those represented are in attendance. Groups must provide the names of the people they represent upon registration. The new rule states that representees will be asked to stand when their name is called. If there aren’t at least six of the 10 people represented present in the city council chambers by the time the speaker begins, the time is limited to only three minutes. This could limit citizen engagement if representees are unable to attend. District eight representative Kelly Allen Gray said the new rules would not limit citizen coalition building because the rules “were like that before.” Gray also said she believes part of the reason for the new rules are due to “angst that people have come and said things, but people say things.”The rules of conduct have also been changed. To prevent meeting order disturbance, the new rules do not tolerate, “behavior that fails to yield the floor when the speaker’s time is concluded,” meaning speakers will no longer be able to continue talking after the time limit expires. If the three minutes are up in the middle of a speech, that’s too bad.Also, residents cannot bring up topics irrelevant to the meeting agenda or the planned city business when they are presenting. This means if someone has an issue he or she must make sure it’s on the agenda or it cannot be presented.Residents also will no longer be able to interrupt a council member or use what the city of Fort Worth calls “loud, threatening, hostile, abusive, vulgar or obscene language.” “We have had people who have come to us who were not happy with us and said things to us,” Rep. Allen Gray said. “All we could do is sit there and count to ten. But, never have we experienced that to the point that we’ve said we don’t want you to come and talk to me anymore.” The new procedures also state the residents can no longer engage in prolonged clapping or yelling intended “to break up the council meeting.” If someone presents a well-versed argument, people who agree have to make sure not to make any vocal or audible sounds of celebration — no matter how impassioned they are.This comes after several meetings’ going off track when residents address the council with comments and concerns about race relations or incidents with police brutality.To address these specific issues the city of Fort Worth created a task force. During the next city council meeting, Tuesday, Dec. 4, the new rules and regulations will be in full effect. Twitterlast_img read more

Doctor’s Suicide Case: Delhi Court Allows Withdrawal of Plea For Anticipatory Bail By AAP MLA Prakash Jarwal [Read Order]

first_imgNews UpdatesDoctor’s Suicide Case: Delhi Court Allows Withdrawal of Plea For Anticipatory Bail By AAP MLA Prakash Jarwal [Read Order] Karan Tripathi11 May 2020 7:30 AMShare This – xRouse Avenue Court has allowed Aam Aadmi Party MLA Prakash Jarwal and others to withdraw their plea for anticipatory bail in the suicide case of a Delhi doctor. While allowing withdrawal, Special CBI Judge Rakesh Kumar Sharma noted that as the Delhi Police has already arrested the accused, his application for anticipatory bail has become infructuous. On Saturday,…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginRouse Avenue Court has allowed Aam Aadmi Party MLA Prakash Jarwal and others to withdraw their plea for anticipatory bail in the suicide case of a Delhi doctor. While allowing withdrawal, Special CBI Judge Rakesh Kumar Sharma noted that as the Delhi Police has already arrested the accused, his application for anticipatory bail has become infructuous. On Saturday, Prakash Jarwal, who is AAP MLA from Deoli, was arrested by Delhi Police after he was named in the suicide note recovered from a doctor who took his own life last month. The said doctor, who was involved in business with the Delhi Jal Board, has stated in the suicide note that Prakash Jarwal and his brothers used to extort money from him every month which drove him to commit suicide. Earlier, the Magistrate in Saket court issued a Non Bailable Warrant against Jarwal and other accused personsClick Here To Download Order[Read Order] Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Delhi HC Directs Civic Bodies of Delhi To Submit Affidavits Indicating Their Preparedness To Deal With An Earthquake on an Urgent Basis

first_imgNews UpdatesDelhi HC Directs Civic Bodies of Delhi To Submit Affidavits Indicating Their Preparedness To Deal With An Earthquake on an Urgent Basis Karan Tripathi9 Jun 2020 9:18 AMShare This – xDelhi High Court has asked all the civic bodies in the city to submit affidavits indicating their preparedness to deal with an earthquake and how the same will be implemented on an urgent basis. The Division Bench of Justice Vipin Sanghi and Justice Rajnish Bhatnagar has asked for the affidavits to be filed within one week by the Commissioners of all the MCDs, Chairman of NDMC,…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginDelhi High Court has asked all the civic bodies in the city to submit affidavits indicating their preparedness to deal with an earthquake and how the same will be implemented on an urgent basis. The Division Bench of Justice Vipin Sanghi and Justice Rajnish Bhatnagar has asked for the affidavits to be filed within one week by the Commissioners of all the MCDs, Chairman of NDMC, DDA and Delhi Cantonment Board. The order has come in an application moved by Mr Arpit Bhargava, seeking court’s directions in the wake of 11 earthquakes that hit the city between April 12 and June 04. The Petitioner claims that he wishes to inform the court about the alleged ‘lackadaisical’ approach of the State Government and the civic bodies in taking steps in a time bound manner in order to save the people of Delhi from an impending earthquake. It is also highlighted by the Petitioner that the authorities have not complied with the previous orders of this court which had directed for taking measures to create preparedness for earthquakes. ‘The Respondents are not serious in their endeavours to comply with the directions of this court to take time bound action in order to save the lives of people of Delhi’, the petition states. It is also pointed out by the Petitioner that experts have been hinting at a major earthquake hitting the city based on the seismic activities that have been taken place in the NCR region. The Petitioner also submits that the action plan prepared by the authorities is a long term measure. Therefore, urgent directions need to be issued to create awareness among the masses about precautions to be taken during an earthquake, and how the government will be taking up relief measures. Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Money in the pot

first_img Previous Article Next Article Unrestis rife in the pensions market as company pots run dry and contributors areleft with less than they expected. Communication with pensioners is the key ifchanges to schemes are planned.  ChristopherMordue and Susan Thomas-Green reportReportsof employers changing or withdrawing from final salary schemes have becomecommonplace, provoking controversy and industrial relations unrest.Ata time of increasing scrutiny of executive pay, stock market volatility andconcern about adequate pension prevision, employees and unions are increasinglyhostile in their opposition to the withdrawal of such valuable benefits.Manycompelling forces are driving employers away from final salary schemes:significant pensions deficits, higher ongoing costs, changes to accountingrequirements and changing employment patterns. While the impetus for changeis strong, the process of amending or terminating final salary schemesdemands the careful navigation of a range of difficult legal issues. Theemployer’s options Manyemployers initially consider simply closing the scheme to new entrants. Thisseems an easy option as existing employees are not affected and the legalissues are straightforward. However, this is rarely enough to solve anyfunding problems.  Any deficit in the scheme will relate to the benefitsmembers have already earned – these cannot be taken away without individualmember consent.Further,unless there is a high level of employee turnover, the effect of future costsavings can be slow to show as contributions will continue for all existingemployees. Unions oppose scheme closures as the thin end of the wedge andbecause over time, they create a two-tier workforce. In many cases, employersdo not reap the expected benefits and a few years later are forced to take moredrastic action.Winding-upthe scheme is the most extreme step. This is usually to be avoided forschemes in deficit since, on winding-up, any deficit has to be made good by theemployer. Before 12 June 2002, this deficit was calculated on a basis laiddown by the Government that did not provide enough money for schemes to secureall the benefits in full – even though, with the falls in equity markets overthe past few years, many employers found themselves in deficit on this basis.On11 June the Government announced immediate changes so that any solvent employerwinding-up its scheme has to put in enough money to provide all benefits bybuying annuities and insurance policies to guarantee payment.Thesums involved are immense. In practice, winding-up a pension scheme is nolonger an option except for a company on the brink of insolvency. In thissituation, the pension scheme trustees may be able to accept an amount that isless than they are owed but is more than they would get if the company becameinsolvent – this is known as a Bradstock compromise after the first companythat publicly announced it had done this.Thepractical options facing employers are to freeze the scheme – no more benefitsare earned, but it is not wound-up – or to make changes to the benefits andmember contributions to reduce the company’s funding burden.Changingthe pension schemeAdvanceplanning is key to making a success of these options. Employers must notjust look at the contractual relationship with employees (see below) butalso at the terms of the pension scheme trust deeds and rules.Thiswill set out what powers the employer has under the scheme and whether thetrustees’ consent is needed or even, in rare cases, that of the individualemployees.Workingwith the trustees can be very important. The terms of the scheme mayprevent them from agreeing the employer’s initial proposals or the trustees maybe unwilling or reluctant to agree.  Itis important to remember that trustees, unlike company directors, have personalliability to the pension scheme members and their actions are often excludedfrom the company’s directors’ and officers’ insurance policy.Trusteeswill often have conflicts of interest, being both pension scheme members anddirectors or senior managers.  To avoid risks of members later challengingthe changes, it is important to either ensure that the trustees have separate,independent advisers or change the trustees so that those running the changeproject for their employer are not also approving it as trustees. This canbe done by bringing in an external independent trustee or by appointing newtrustees from in the company.Anothercomplication is that the trustees must look after the interests of all themembers of the scheme not just employees. While employees have an interestin the company’s survival, this will not always be important to pensioners andformer employees with preserved benefits. If the employer’s proposals wouldharm the funds held for these members, the trustees may have no choice but toresist the employer’s proposals. Discussingproposals with the trustees at an early stage when there is still scope toalter them is the best way to minimise potential problems.Ifthe trustees are opposed to the employer’s proposals they have a number ofweapons in their armoury. These range from making their own announcements tomembers, applying to court to stop the employer or even, depending on thescheme’s rules, threatening to wind-up the scheme completely so as to impose asubstantial debt burden on the employer. Itis vital for a successful change project to consider at an early stage what thetrust deed allows the employer and trustees to do and what the attitude of thetrustees will be.Itis also important to focus on what the future pension provisions for employeesare to be after any change and what the impact will be on the benefits membershave already earned. Some employers offer members a choice – pay a highercontribution or earn lower benefits. But this can be expensive inadministration terms and raises problems as to what to do with those who refuseor fail to select an option. For most employers, it is easier to apply thechosen option to all employees once a decision has been made.Employmentlaw considerationsEmployerscontemplating changes to pension provision for existing employees must alsoconsider how these affect the contract of employment. The ideal position is forthe employer to establish a clear contractual discretion to amend or withdrawthe scheme, either as an express term of the contract or through incorporation(often via a scheme booklet) of the powers of amendment and termination in thetrust deed and rules. Inthese cases, the employer’s actions would be consistent with the contract ofemployment, there would be no legal requirement for the employees to agree thevariation and no legal issue of dismissal or collective consultation wouldarise. Thisassumes, however, a clarity in the contractual documentation that is oftenimpossible to realise. Very often the waters are muddied by missing or unsigneddocumentation, badly drafted contracts and booklets, ambiguous or contradictorystatements in offer letters and staff handbooks, and the typical lack ofuniformity in employment contracts at any one time across group companies,sites and business units. Employersmust consider all of these factors when assessing whether they have a clearcontractual right to move away from final salary schemes. Ifthis clear contractual right is absent, the process of change involves avariation in terms and conditions of employment. It is naïve to expect that allemployees will voluntarily give up their final salary pension rights –variation by consent is typically impossible to achieve and the employer must assumethat the process will involve termination of the existing contractual rightsand re-engagement on new terms and conditions.Thisprocess of change will trigger the obligation to consult in respect ofcollective redundancies under s188 Trade Union and Labour Relations(Consolidation) Act 1992. This appears counter-intuitive because the employeris not reducing its headcount. However, redundancy for these purposes has amuch wider scope, meaning any dismissal (ie contract termination) that is notfor a reason relating to the individual employee.Theduty to consult requires the provision of information on the reasons for anddetail of the employer’s proposal and consultation before a firm decision ismade with a view to reaching agreement on ways and means of avoiding thedismissals, reducing their numbers and mitigating the effects of thedismissals. Theemployer must consult trade union representatives in respect of categories of employeecovered by trade union recognition. For employees not covered, consultationshould be with employee representatives. Detailed statutory rules govern theelection of employee representatives. The consultation obligation is animportant area of risk in the change project, as breach can result in aprotective award of up to 90 days pay per employee (there is no maximum amountof a weeks pay for these purposes) and the award is based on the extent of theemployer’s breach and not on any financial loss.Evenif there is the contractual flexibility to change the scheme, the impact of thechange will demand that consultation takes place. An employer that simply makesthe change risks serious damage to employee relations and industrial unrest.Theemployer will hope that the process of consultation results in employeesagreeing to the change. If not, the only way forward is to terminate theexisting arrangements on full contractual notice. This may trigger unfairdismissal liabilities, so the employer will have to be able to show acompelling business case for changing the pension scheme – to establish someother substantial reason for the change – and that a fair procedure involvingindividual consultation has taken place.Theprocess of employee consultation must also be carefully choreographed withobtaining approval from the trustees. There is no point in damaging employeerelations through a controversial proposal if the trustees ultimately rejectit. Equally,  seeking trustees’ consentwithout commencing some form of information and consultation makes it difficultto be seen to be undertaking genuine consultation at a later stage. The twoprocesses will have to run in parallel, with the trustees’ consent being soughtin principle subject to the outcome of employee consultation. SummaryThekey to a successful process of change is communication with the workforce andgenuine consultation, even if this is not strictly required. Employers willneed to develop and communicate a convincing reason for their actions, spellingout the reasons why the change cannot be avoided. It will also be important toidentify and explain the impact of the change on each individual employee andthe benefits they would receive under the replacement scheme. Andemployers should try to avoid own goals in terms of disputes over boardroom payor excessive severance payments that will only fan the flames of controversyand increase the risk of serious industrial unrest.ChristopherMordue is a partner in the employment group at Pinsents. SusanThomas-Green is a partner in the pensions group at Pinsents Related posts:No related photos. Comments are closed. Money in the potOn 1 Dec 2003 in Personnel Todaylast_img read more

Utah Baseball Drops Series Opener 6-2 at No. 6 Oregon State

first_img Tags: Oregon State Beavers/Pac 12/Utah Utes Baseball April 6, 2019 /Sports News – Local Utah Baseball Drops Series Opener 6-2 at No. 6 Oregon State FacebookTwitterLinkedInEmailCORVALLIS, Ore. – Utah baseball dropped its series opener with No. 6 Oregon State 6-2 at Goss Stadium at Coleman Field on Friday, April 5.Oregon State scored all six of its runs in the second inning and that proved to be enough for the Beavers on their home field. With two outs, starter Kyle Robeniol left the game in the second inning with an injury and the Beavers went on to score five more runs to go up 6-0. Riley Pierce came in for Robeniol and went the rest of the way surrendering no more runs after that second inning.In the fourth, Utah got hits from Zack Moeller and Rykker Tom before Shea Kramer hit a sac fly to get Moeller home for Utah’s first run of the game.The Utes were back at it in the fifth, loading the bases after three singles. Chandler Anderson tagged up after a fly ball from Moeller to right field.In all, Utah had seven hits on the night and Tom led the way going 2-4.Pierce pitched a season high 6.1 innings after coming into the game with two outs down in the second inning giving up five runs.The series schedule was adjusted because of inclement weather on Sunday to where Utah and Oregon State will play a double header on Saturday beginning at noon. The second game will be approximately 45 minutes after the first game finishes. Written by Robert Lovelllast_img read more

Vote for O.C. Cafe in Nat’l Contest and You Can Win $10,000

first_imgItalian Eggs Benedict with a touch of South Jersey — pork roll — is up against 134 other hometown breakfast recipes.Online voting in the Thomas’ Hometown Breakfast Battle opens on Monday (Sept. 14) and gives fans of the new Frankie’s by the Bay in Ocean City a chance to back their hometown favorite and to win $10,000 at the same time.The local restaurant is part of a contest sponsored by the makers of Thomas’ English Muffins on the company’s 135th anniversary. It includes 135 chefs competing with breakfast recipes representative of their hometowns.“Pork roll is very native to South Jersey,” said Lauren Sacco, a Frankie’s chef and owner who concocted Italian Jersey Benedict, an eggs benedict dish with roasted peppers, and, of course, pork roll and English muffins.Members of the public can vote for up to three recipes every day and be entered to win a grand prize of $10,000 and daily product giveaways.__________Vote for Frankie’s by the Bay now.__________Lauren Sacco cuts the ribbon opening Frankie’s by the Bay in January 2015.Frankie’s opened in January and fills a spot on Bay Avenue at 11th Street formerly occupied by Bongo Cafe and Grill.Sacco said the new venture is a trendy tribute to coal towns like Hazleton, where she grew up and where her family has operated Frankie’s Pizzeria and Restaurant for 20 years. The cafe’s decorations include chunks of coal from her back yard back home.Sacco said she’s excited about the new opportunity and “looking to make a family down in Ocean City.”last_img read more

Press release: Be Clear on Cancer campaign urges public to check urine for blood

first_imgOther symptoms of kidney cancer include: Background Factors that increase the risk of bladder and/or kidney cancer include: Email [email protected] a pain that doesn’t go away, either in the tummy or in the side, below the ribs weight loss The earlier people are diagnosed, the better their chances, which is why it is vital people understand what to look out for and when to visit the GP. This campaign has the important aim of helping raise awareness of the signs and symptoms of bladder and kidney cancer and encouraging people to visit their GP after seeing blood in their pee. The ‘Be Clear on Cancer’ ‘Blood in Pee’ campaign runs until 23 September and includes advertising on TV, radio and in public toilets and online. For further information about the signs and symptoms of bladder and kidney cancer, search ‘Be Clear on Cancer’. Telephone 020 3003 6527/6687 freuds Dr Dawn Harper, TV Doctor and GP, said: cystitis (a urinary tract infection) that is difficult to treat or comes back quickly after treatment pain when peeing Around 8,000 people die from bladder or kidney cancer each year in England. Many of these deaths could be avoided if patients saw a doctor as soon as they noticed a key symptom of these cancers – blood in pee – even if it’s only once. Bladder cancer is often diagnosed late, which means it can be even harder to treat. We are pleased to support the Be Clear on Cancer campaign and to help spread the message that if you do notice blood in your pee, you must take action and get checked by your GP – and go back again if it is not resolved. The campaign launches across England on Thursday 19 July 2018 and runs until 23 September 2018. The campaign activity includes TV, print, radio, digital and out of home advertising. Be Clear on Cancer campaigns are run by Public Health England in partnership with the Department of Health and NHS England and with the support of Cancer Research UK Early diagnosis of cancer is a major priority for the government in helping us to improve cancer survival. Be Clear on Cancer campaigns, which aim to raise public awareness of the symptoms of cancer and encourage earlier presentation, are included in the report of the Independent Cancer Taskforce ‘Achieving World-Class Cancer Outcomes: A Strategy for England 2015 to 2020’. Interview opportunities with Public Health England spokespeople, a range of urologists from across the country, Dr Dawn Harper, charity supporters and case studies are available upon request. Professor Chris Harrison, NHS England’s national clinical director for cancer, said: Public Health England exists to protect and improve the nation’s health and wellbeing, and reduce health inequalities. We do this through world-leading science, knowledge and intelligence, advocacy, partnerships and providing specialist public health services. We are an executive agency of the Department of Health and Social Care, and a distinct organisation with operational autonomy. We provide government, local government, the NHS, Parliament, industry and the public with evidence-based professional, scientific expertise and support. Follow us on Twitter: @PHE_uk and Facebook: The Blood in Pee campaign is essential to let people know that they should go and see their GP if they have any sign of blood in their pee even if it is just on one occasion. Whatever the reason it’s important not to delay as getting it checked out straight away is really important if it turns out to be something serious. Louise de Winter, CEO of The Urology Foundation, said: Nick Turkentine, CEO of Kidney Cancer UK, said: Out of hours telephone 07912 515997 / 07807 646390 Public Health England (PHE) is launching a national ‘Be Clear on Cancer’ campaign which highlights blood in pee as a key symptom of bladder and kidney cancers. The campaign will encourage everyone to ‘look before they flush’ and visit their GP without delay if they notice blood in their pee, even if it’s just once.A new survey reveals that only 16% of adults aged 50 and over in England (those most at risk of these cancers) say they check the colour of their pee every time they go to the toilet, with women being less likely to check every time (12% versus 20% of men).A new short film featuring TV doctor Dr Dawn Harper is being released as part of the campaign. The film shows what to look out for as the colour of blood in your pee can vary – from very diluted to bright red or even dark brown, like the colour of weak black tea. Blood in pee is a symptom in almost two thirds (64%) of all bladder cancers and around a fifth (18%) of kidney cancers.Blood might not appear every time, so it is important that people seek medical help even if they notice it just once. Worryingly, around half (47%) of those surveyed said they would not seek medical advice if they saw blood in their pee just once, with 45% saying they would wait and see if it happened again, potentially putting off a vital diagnosis.When asked why they would not go to the GP straight away, one in five (20%) say they would be worried about wasting the GP’s time and nearly a quarter (23%) would only book an appointment sooner if they had other symptoms.Latest figures show that every year in England around 19,100 people are diagnosed with bladder or kidney cancer and around 8,000 people die from these diseases. Early diagnosis is critical; 84% of those diagnosed with kidney cancer and 77% of those diagnosed with bladder cancer at the earliest stage (stage 1) will live for at least 5 years. At a late stage (stage 4), this drops to 10% and 9% respectively.Professor Julia Verne, from Public Health England said: smoking being overweight or obese some jobs, because of exposure to certain chemicals other medical conditions, such as kidney failure a family history of cancer It is vital that people know that blood in pee could be a sign of cancer. Our research shows only a small number of people check the colour of their pee every time they go to the toilet. People need to get into the habit of looking before they flush to spot any signs of blood in their pee. And if there is blood, they shouldn’t hesitate about going to their GP. This will help diagnose more people at the early stages, when cancer is more treatable – improving their chances of living longer. We are very pleased to see Public Health England running this campaign. The Urology Foundation will always support campaigns that raise awareness of blood in pee, a symptom of a number of urological cancers. We know cancer is so much easier to treat when it’s caught early, which means checking for blood in pee can be a small, but life-saving decision. Our goal is to lead the fight against urology disease and encouraging people to check for blood in their pee and to take action is an important step in that fight. Additional spokespeople quotesGeraldine Sinfield, bladder cancer survivor and supporter of the Urology Foundation, said: Video assets for the campaign and still images with Dr Dawn Harper can be found on Dropbox. I’m urging people to be vigilant to changes in their body and to check their pee. I hear all too often about people who have delayed seeking medical advice if they have worrying symptoms – like blood in pee – because they are afraid of what the doctor might find or what the treatment might be. If you do notice blood in your pee, it’s probably nothing serious, but it’s always worth checking with a health professional – you won’t be wasting their time. It’s vital that people don’t put off getting help; if it is cancer, early diagnosis saves lives. This is an incredibly important campaign as early diagnosis of kidney cancer offers greatly increased chance of a full recovery. One of the early signs something may be wrong is traces, or amounts, of blood in your pee, so if you see it, talk to your GP without fail. Also, look for other possible signs, these may not necessarily be kidney cancer but are worth being aware of including a pain that doesn’t go away, either in the tummy or in the side below the ribs, or loss of weight. See your GP if you have any concerns. Andrew Winterbottom, founder and CEO of Fight Bladder Cancer and a bladder cancer patient himself, explained: I noticed blood in my pee in late 2013. I knew something was wrong and made an appointment to see my doctor straight away. He referred me to hospital for tests which showed I had bladder cancer. I’m so glad I acted quickly because my cancer was caught early and just six months after my treatment, my husband and I went sailing around Britain, something I never thought would be possible! Recently, at my last appointment, my doctor was so pleased with my progress that I was told I would no longer need to have annual checkups, which is a huge relief. Allen Knight, CEO of Action Bladder Cancer UK, said: Blood in pee is a key symptom for both bladder cancer and kidney cancer.Other symptoms of bladder cancer include:last_img read more