Aegon UK chief set to resign

first_img Show Comments ▼ Monday 7 March 2011 8:43 pm 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’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Otto Thoresen, chief executive of insurer Aegon’s UK operation, is expected to leave the company this week, City A.M. confirmed yesterday. Thoresen, who has been overseeing a programme of cuts to save £80m per year, is expected to be replaced by chief operating officer Adrian Grace. Four other senior executives have also left Aegon this year due to a management restructuring programme that has split the business into two teams covering life and pensions, and its distribution business. Aegon UK chief set to resign whatsapp Share KCS-content Tags: NULL whatsapplast_img read more

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Phoenix Investment Company Limited (PHIN.mu) HY2018 Interim Report

first_imgPhoenix Investment Company Limited (PHIN.mu) listed on the Stock Exchange of Mauritius under the Financial sector has released it’s 2018 interim results for the half year.For more information about Phoenix Investment Company Limited (PHIN.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Phoenix Investment Company Limited (PHIN.mu) company page on AfricanFinancials.Document: Phoenix Investment Company Limited (PHIN.mu)  2018 interim results for the half year.Company ProfilePhoenix Investment Company Limited is an investment holding company that works through two segments; insurance and corporate, to provide life insurance products and general financial services. The company controls Phoenix Beverages Limited as its subsidiary which deals in the manufacturing, distribution and sale of beverages. Phoenix Investment Company Limited is listed on the Stock Exchange of Mauritius.last_img read more

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Why I think it’s time to be greedy with the Lloyds share price

first_img 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 Alan Oscroft Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. Warren Buffett famously said we should “be fearful when others are greedy and greedy when others are fearful,” and there’s certainly been evidence that big investors have been fearful of Lloyds Banking Group (LSE: LLOY) in the past few years.The main indicator comes in the valuation of the shares, which are trading on a P/E multiple of around 8.5, based on expected 2019 results (due on 20 February, so mark that key date in your diary).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…PopularBut Lloyds was one of the five most popular shares traded at Hargreaves Lansdown in 2019 — in terms of net buys, and excluding investment trusts. So it seems a lot of private investors have been getting greedy about the depressed shares. And that’s definitely helped the price, which is up 24% in 2019 to date — by comparison, the FTSE 100 has gained 13.5%.The shares are still way down over five years, with a fall of 14%, but the low price has boosted the dividend yield, now forecast to deliver 5.4% this year and 5.6% next. So those being greedy in 2019 have, I reckon, set themselves up for a very nice income stream over the next decade and hopefully more.PPIIt’s noticeable that the Lloyds share price recovery faltered and reversed when the PPI deadline was getting closer and the unexpected volumes of claims required the bank to set aside considerably more cash than was expected, and we even saw a 5% decline year-to-date by late August.But after the deadline passed, the shares quickly climbed back up again to notch up that impressive overall gain, which shows the impact that the uncertainty was having, and how quickly markets can react once uncertainty is ended.Is the 2019 greed justified, and should it continue into 2020? I think the answer is yes.The B wordWhile the PPI scandal was a weighty anchor on the Lloyds share price, the obvious big downer has been Brexit. On the one hand, Lloyds does almost no business with the rest of Europe, so it doesn’t have EU trade to lose. But on the other hand, being focused on just a single market in the UK leaves a bank, especially a retail-focused one, highly susceptible to any downturn in our domestic economy.That’s a risk with any business, and it’s why I generally prefer the safety margin that comes from investing in stocks with a worldwide outlook — but I bought Lloyds shares because I thought they were just too cheap.The worst fear was of a no-deal Brexit. If that happened, according to most economists, we’d see a pretty severe few years. That would most likely lead to a fall in mortgage demand, and some of Lloyds’ debts turning bad — it would be a bad thing for the banking sector all round.OpportunityBut the threat of that has receded considerably (even though it hasn’t quite gone away), and I think that’s brightened the outlook for Lloyds by some margin.EU trade negotiations will last pretty much all year (and, thanks to the PM’s latest bizarre act, currently can’t go beyond), and that means we still have a year of uncertainty ahead of us.But on the bright side, I think that extends the greed opportunity too. I might even buy some more. “This Stock Could Be Like Buying Amazon in 1997” Alan Oscroft owns shares of Lloyds Banking Group. The Motley Fool UK has recommended Hargreaves Lansdown and Lloyds Banking Group. 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.center_img Enter Your Email Address Alan Oscroft | Monday, 30th December, 2019 | More on: LLOY Our 6 ‘Best Buys Now’ Shares 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. 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. Why I think it’s time to be greedy with the Lloyds share pricelast_img read more

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Black December for media freedom in Iraqi Kurdistan

first_img Receive email alerts RSF_en It all started with a series of attacks on massage salons and shops selling alcohol in Zakho (a city on the northern border with sizeable religious and ethnic minorities) after Friday prayers on 2 December. That night, buildings belonging to the opposition Kurdistan Islamic Union (KIU) in Zakho were set on fire.The headquarters of many news media were also torched. They include the satellite TV station Speda, Xabir TV and Xabir Radio, and the news website Kurdiu. All these media are affiliated to the KIU, which includes many journalists are among its members. Since then, the list of journalists being physically attacked or detained has steadily lengthened.Reporters Without Borders voiced concern about the abuses in a 5 December press release, calling on the authorities to conduct thorough investigations in all the cities where incidents had occurred, especially Dohuk, Smel and Zakho.Kurdistan’s president, Massoud Barzani, appointed a four-member commission (consisting of a parliamentarian, a KIU-member, and two non-Muslim religious representatives) on 4 December to investigate all the incidents in Zakho. In its findings, released on 25 December, the commission said that pro-KIU media had provoked the attacks on the massage salons and shops selling alcohol, that the security services had been overwhelmed and unable to prevent the attacks or protect the premises of the news media, and that certain groups close to the Kurdistan Democratic Party (KDP) – one of the two ruling parties in Kurdistan – had also had a role in the violence. The commission finally called on the judicial authorities to look at the possibility of prosecuting those responsible.Now that all the journalists have been released and some of the media have been able to resume operating out of the same premises, Reporters Without Borders reiterates its concern about all these deliberate media freedom violations, which contravened legal and constitutional provisions in effect in Iraq and the autonomous region of Kurdistan.Reporters Without Borders welcomes the commission of enquiry’s findings and calls on the judicial authorities must do their job. At the same time, it urges the judicial authorities to make a clear distinction between the responsibility of the political parties involved, and the work of the journalists employed by media affiliated to these parties. Journalists arrested: – Hassan Yasin, Xabir Radio manager, on 3 December in Zakho- Mahir Sagvan, Xabir Radio presenter, on 3 December in Zakho – Islam Saedi Kashani, Xabir Radio and Xabir TV presenter and reporter on 3 December in Zakho – Youssef Salim, Xabir TV presenter, on 3 December in Zakho – Delbirn Youssef, Xabir TV cameraman, on 3 December in Zakho – Delbirn Haji, Xabir TV editor, on 3 December in Zakho – Nursi Ramazan, Xabir TV programme director, on 3 December in Zakho – Usama Nasradin, Xabir TV cameraman, on 3 December in Zakho- Samir Ubaid, Xabir TV programme director, on 3 December in Zakho – Bilal Jamil, Xabir TV children’s programme presenter, on 3 December in Zakho – Diyar Faruq, a journalist with the Kurdiu news website in Sulaymaniyah, arrested on 4 December – Abdallah Ahmad, Speda TV cameraman, arrested at his home in Zakho on 20 December.All the Xabir radio and TV journalists arrested on 3 December were released three days later, except Kashani and Ramazan. Three of them – Yasin, Nasradin and Salim – were summoned to a police station on 7 December and were taken from there to a detention centre controlled by the Asayesh (intelligence services). Yasin was released on 11 December. The other two were released on 15 December. All three had to pay 10 million dinars (660 euros) in bail. Kashani and Ramazan had to pay the same amount in bail when they were finally released on 26 December.Abdallah Ahmad, a Speda TV cameraman, was arrested at his home in Zakho at around 7:30 p.m. on 20 December and was released seven days later after payment of 10 million Iraqi dinars (660 euros) in bail.The journalists said they were mistreated during their periods in arbitrary detention. Journalists physically attacked: * On the night of 2 December- Speda TV journalist Abdullah Ahmed was attacked in Dohuk and his camera was destroyed.- KNN television journalists were attacked in Smel and their equipment was confiscated.- An NRT television reporter was attacked by six armed men in Smel.* On 3 December – Al-Jazeera journalist Ahmed Zawetay was filming a burning KIU building in Dohuk when he was attacked by plainclothes security men and Zeravani (members of the Kurdistan Democratic Party (KDP), one of the two ruling parties in Kurdistan), who confiscated his camera. He said several other Al-Jazeera journalists were also targeted. – Speda TV cameraman Murad Fouad was attacked in Dohuk and his camera was broken.- Journalists were harassed in Erbil while covering demonstrations by KIU supporters. A reporter working for the newspaper Xandan’s website, Darbaz Saleh, and his photographer were detained for 30 minutes by security forces. – Journalists working for KNN, Speda and Somar News were physically attacked in Sulaymaniyah while covering a peaceful protest against the previous night’s arson attack on the KIU’s offices.* On 4 December- News media were forbidden to cover a fire at a massage salon in Sulaymaniyah. Media attacked: * On the night of 2 December – The premises of several news media, including Speda TV, Xabir TV and Xabir Radio, were set on fire in Zakho.- Shots were fired at Speda TV’s offices in Erbil.The US consul-general in Iraqi Kurdistan, Alex Lakares, visited Zakho on 14 December and voiced concern about the arrests of journalists. Organisation Reporters Without Borders roundly condemns a wave of media freedom violations in Iraqi Kurdistan during December, especially a series of arrests of journalists that were carried out in a completely illegal manner.According to the latest tally:- Five media premises were torched, ransacked or otherwise targeted- Twelve journalists were illegally arrested or jailed- There were more than 15 physical attacks on journalists. News Iraq : Wave of arrests of journalists covering protests in Iraqi Kurdistan IraqMiddle East – North Africa News Follow the news on Iraq December 16, 2020 Find out more News News to go further IraqMiddle East – North Africa Three jailed reporters charged with “undermining national security” January 3, 2012 – Updated on January 20, 2016 Black December for media freedom in Iraqi Kurdistan RSF’s 2020 Round-up: 50 journalists killed, two-thirds in countries “at peace” December 28, 2020 Find out more February 15, 2021 Find out more Help by sharing this information last_img read more

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BREAKING ALERT: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Walmart Inc. Investors with Large Losses to…

first_imgLocal NewsBusiness WhatsApp Pinterest Facebook Pinterest By Digital AIM Web Support – February 2, 2021 Previous article$ 1.9 Billion Growth in Machine Tool Market in India During 2020-2024 | Featuring Key Vendors Including Bharat Fritz Werner Ltd., DMG MORI Co. Ltd., and HMT Ltd. | TechnavioNext articleThe Latest: Wet snow turns to sleet in northern New England Digital AIM Web Support Twittercenter_img TAGS  Facebook BREAKING ALERT: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Walmart Inc. Investors with Large Losses to Secure Counsel Before Important Deadline in Securities Class Action First Filed by Firm – WMT WhatsApp NEW YORK–(BUSINESS WIRE)–Feb 2, 2021– WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Walmart Inc. (NYSE: WMT) between March 30, 2016 and December 22, 2020, inclusive (the “Class Period”) of the important March 22, 2021 lead plaintiff deadline in the securities class action first filed by the firm. SO WHAT: If you purchased Walmart securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Walmart class action, go to http://www.rosenlegal.com/cases-register-2014.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 22, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company knowingly filled prescriptions that were issued by so-called “pill-mill” prescribers; (2) the Company filled thousands of prescriptions that showed obvious red flags, including highly-dangerous cocktails of drugs, (3) the Company’s managers made it difficult for Walmart pharmacists to comply with their legal obligations by pressuring them to fulfill as many orders as possible; (4) hence, the Company’s pharmacy revenues were inflated because the Company filled thousands of invalid prescriptions in violation of the Controlled Substance Act dispensing requirements; (5) the aforementioned conduct would subject the Company to regulatory scrutiny; and (6) as a result, Defendants’ statements about Walmart’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Walmart class action, go to http://www.rosenlegal.com/cases-register-2014.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen—firm or on Facebook: https://www.facebook.com/rosenlawfirm. Attorney Advertising. Prior results do not guarantee a similar outcome. View source version on businesswire.com:https://www.businesswire.com/news/home/20210202006086/en/ CONTACT: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40thFloor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] [email protected] [email protected] www.rosenlegal.com KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES SOURCE: Rosen Law Firm Copyright Business Wire 2021. PUB: 02/02/2021 03:25 PM/DISC: 02/02/2021 03:25 PM http://www.businesswire.com/news/home/20210202006086/en Twitterlast_img read more

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GHOST STORIES: Mobile storyteller brings haunted tales to Female Factor

first_img Troy falls to No. 13 Clemson Remember America’s heroes on Memorial Day By The Penny Hoarder GHOST STORIES: Mobile storyteller brings haunted tales to Female Factor Published 3:00 am Thursday, October 13, 2016 Outlaw shared several ghost stories with the ladies at Female Factor and the ghosts in her stories were all women.“Women are more emotional,” she said. “Emotions – intense feeling – connect people. And stories connect people.  Stories are personal. Stories told in the oral tradition give listeners the opportunity to internalize the story and what incredible relationships are formed between the characters in the story and the listener.”Outlaw encouraged the ladies at Female Factor to tell their stories and always be on the lookout for ghosts because you never know when one is waiting to find a place to “reside.”Outlaw’s book of ghost stories, “Haunted Baldwin County, Alabama” is available on Amazon.com and at bookstores. Latest Stories By Jaine Treadwell Skip Email the author Plans underway for historic Pike County celebration You Might Like City to expand popular walking trail The walking trail at the Troy Recreation Center will be extended by 3,800 feet after the Troy City Council unanimously… read more Sponsored Content Female Facotr on Wednesday focused on ghost stories. Dottie Black (left) told fortunes of the ladies who attended. Harriet Outlaw (right), author of “Haunted Baldwin County Alabama,” told ghost stories from south Alabama. Inset: The cat lady asked not to be identified.The question was simple. “Do you believe in ghosts?”The answer was evasive. “I believe in ghost stories.”Harriet Outlaw smiled as she quipped the answer to the question. However, those who attended Female Factor at The Studio on Wednesday probably left saying “Yes, she does.” Pike County Sheriff’s Office offering community child ID kits Outlaw, author of “Haunted Baldwin County, Alabama,” was the program guest at Female Factor and she was there to talk about ghosts and such. She has uncovered many stories of the supernatural events and colorful characters of Baldwin County. And, she is as passionate about ghost stories as she has been about everything else in her life from teaching to parenting.“I grew up in a town much like Troy,” she said. “A town with front porches where people gathered to talk and to share stories. It was wonderful sitting on the porch, watching fireflies and listening to stories.”Many of the stories that Outlaw heard as a child were family stories and, being in the South, ghost stories were told as “true stories.” Penny Hoarder Issues “Urgent” Alert: 6 Companies Are… Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthRemember Them? I’m Sure Their New Net Worth Will Leave You SpeechlessbradofoThe 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 InterestedOffensiveRepetitiveSubmitCancel “I grew up with ghost stories – stories that could not be explained,” Outlaw said. “As a child, I was afraid of many things. I was scared we were going to be bombed by the Russians. I was afraid of the bear behind my bed. I was afraid of clowns and dogs but never ghosts.”So, when a ghost came to live in the house with Outlaw and her family, she was rather comfortable with the uninvited guest and rather enjoyed the ghostly company.Having a ghost in the house placed Outlaw in a situation similar to that of Alabama’s premier storyteller Kathryn Tucker Windham who had a ghost living in her house.Windham encouraged Outlaw to write her stories and share them with others. As she began to collect stories, Outlaw was amazed at the number of people that have ghost stories to tell.“Just about everywhere I go, someone will have a ghost story to share,” she said. “You can’t prove the existence of ghosts. You can believe they are there but you can’t prove it. I don’t go out trying the capture ghosts. I just tell their stories.” Print Article Book Nook to reopenlast_img read more

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Man somehow drives himself to hospital after being shot in the head

first_imgiStock(CHICAGO) — A man is lucky to be alive after being shot in the head and driving himself to the hospital for treatment.The incident happened at approximately midnight in the 1600 block of West Ogden Avenue in Chicago, Illinois, when the man was driving his vehicle and suddenly hit in the head by gunfire, according to ABC News’ Chicago station WLS-TV.The man who was driving a small SUV then drove himself to Stroger Hospital – about one mile away from where the incident allegedly took place – to be treated, according to authorities.The 28-year-old victim is now in serious condition.Police are currently investigating the circumstances around the shooting but he has not been able to tell investigators exactly where the shooting happened.It is unclear if the shooting was targeted or accidental. Copyright © 2020, ABC Audio. All rights reserved.last_img read more

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HMAS Success stops in New Zealand before deployment end

first_img Share this article View post tag: Royal Australian Navy Royal Australian Navy replenishment oiler HMAS Success and over 200 of her crew stopped in Wellington, New Zealand, recently for the final port call of their deployment.After spending weeks away at sea taking part in exercise Talisman Sabre 17, and participating in the 75th-anniversary events commemorating the Battles of Guadalcanal and Savo Island in Honiara, Success ship’s company visit their neighbors for a couple of days rest and recuperation.While in Wellington, Success hosted a tour for personnel from the New Zealand Defence Force. The visit provided the opportunity to discuss maritime replenishment capability and improve relationships between the two countries.Success recently completed operation Solania, an Australian Defence Force contribution to maritime surveillance within the Pacific Region.The visit to Wellington was the ship’s final port visit before returning to her home port of Sydney, at Fleet Base East.HMAS Success celebrated 30 years of service last year and is the last warship built at the Naval dockyard. Success, along with the RAN tanker HMAS Sirius, will be replaced by Navantia-built replenishment ships that are expected to enter service in early 2020s. Authorities Australian oiler stops in New Zealand on deployment’s final port callcenter_img August 30, 2017 Back to overview,Home naval-today Australian oiler stops in New Zealand on deployment’s final port call View post tag: HMAS Successlast_img read more

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Mayor’s Update: June 29, 2018

first_imgDear Friends,Several residents voiced their displeasure with the Fourth Ward neighborhood drainage project during last night’s City Council meeting. I understand the frustration of living in a construction zone for more than a year, and I want everybody to know that we are near the finish line of this $6.5 million effort to bring flood remediation to one of the lowest areas of town.Residents can expect the paving of the numbered streets to be completed next. Adjustments to the inactive pumping station equipment at 30th Street and Haven Avenue have already been made. Those in combination with the installation of new check valves will provide relief from the recent tidal flooding near that intersection. With new road surfaces in place, restoration of private property disturbed by the project work will take priority. When these tasks are complete, travels through neighborhood should begin to return to normal.Work on installing and activating four pumping stations will continue through the summer. The 30th Street station is in place. Two pumping stations on Ocean City Municipal Airport property (one near the end of 28th Street and one near the airport parking lot) will be installed next. The final one will be off Bayland Drive near Clubhouse Lagoon. Alleys in the project area will be paved after Labor Day. I hope that the memories of the project’s disruptions fade quickly when we see the long-term benefits of this work in the fall.For the fifth straight year, New Jersey residents have picked Ocean City as their “Favorite Beach.”  Representatives of the New Jersey Sea Grant Consortium announced the winners of their annual contest in a ceremony today at the Music Pier. I’d like to thank all of the residents, businesses, organizations and volunteers who help make Ocean City such a great destination.There will be plenty of people in town for the upcoming holiday weekend, so I’d like to remind you all to honor the laws that keep everybody safe and respectful of each other.Drivers must stop for pedestrians at crosswalks, but, more importantly, I want to remind pedestrians to make eye contact with drivers before walking out into any street. Bicyclists should heed all stop signs and red lights, and follow the same rules as cars. With so many people sharing the streets, these rules are extremely important. Remember that dogs, smoking and drinking alcohol are not permitted on the beach at any time. This year, we’re asking beachgoers, as a matter of courtesy, to set up tents and canopies toward the back of the beach (closer to the dunes), especially if it’s crowded.Please respect the power of the ocean and swim only at beaches protected by the Ocean City Beach Patrol. The patrol has started its extended evening hours at beaches throughout the island. You can see the locations and hours here.There are a lot of great events this weekend and throughout next week, and I encourage you to check out the many great restaurants and shops on the boardwalk, downtown and throughout Ocean City. Wednesday’s July 4 celebration will be capped off with a fireworks display that will begin at about 9 p.m. I hope you all have a great week as summer kicks into high gear.Warm regards,Jay A. GillianMayor Mayor Jay Gillianlast_img read more

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Out with the old

first_imgD ividing and moulding by hand is no longer always realistic, when high volumes and consistent output are an economic necessity.Nowadays, high-spec machinery is par for the course. European Process Plant (EPP) cites the recent launch of König’s latest industrial automatic divider-rounder, the Industrie Rex Hyper. The machine was developed after extensive surveys revealed customers wanted to save time, increase productivity and run machines that were easy to clean to the highest hygiene standards.Stewart Morris, EPP director, says it can be taken apart for cleaning in 15 minutes and can be jet-washed. “This is a major step forward in roll plant design,” he says.König’s Grande Rex has been developed to cater for “extremely large” weight ranges, processing dough pieces up to 320g, which can be used for producing pizzas, baguettes and bread products on multiple rows. And EPP says another machine, the König Mini-Rex, which can produce up to 4,000 dough pieces an hour and is suitable for bakeries where space is a premium, has been continually improved.The materials, the controls, the accuracy and gentle dough treatment have been “radically” upgraded and the weight ranges have been extended to handle anything from 13g to 140g. A new design for the pistons and rounding system gives a bolder mould to dough pieces, EPP says.Benier UK believes industrial bakers are looking for ways of automating the processing of artisanal breads. “They have been able to make the bread look artisanal with clever moulding, but the problem has been getting the bread to taste artisanal as well,” says MD David Marsh.The major problem associated with automating this process is that the dough used to make artisanal products is much more fluid than the dough used in standard breads. “These doughs will not go through mainstream dividers and moulders,” Marsh says.Benier’s new Dough DrieMer uses dough sheeting technology so that bakers can produce doughs to an artisanal recipe and, for example, can produce up to 6,000 baguettes an hour, he explains. And moulds can be made for all shapes and sizes of bread. “This is the first system to automate the production of artisanal breads, which means the end products look and taste as if they were handmade. The system is so new that it has only just been rolled out on the Continent and is just now being launched into the UK,” he reveals.Other new Benier products on the market include the Doughmaster. This comes with Dough Related Software that manages the divider servo drives’ settings so even highly delicate dough with long fermentation times and high water content can be processed as gently as by hand, according to Marsh. It also offers “exceptional” accuracy, he says.However, London Food Machinery MD Ian Ort says new developments in this market tend to be small. The supplier of Rheon machinery says with volumetric equipment, companies started working on oil-less systems a few years ago and using metallic parts less, so costs could be minimised, easily replaced, and less pressure put on the dough.He says that, when it comes to stress-free doughs, the developments have been mainly in weight control to try to iron out the difference between volumetric and stress-free systems. “We have intelligent systems that can vary the dimensions of a product by 2ml while trying to gain very accurate weights,” he says.It is a far cry from the days when Ort’s father, Ron, started out 70 years ago. Then, the dough was mixed, rested and divided by hand to get the right weight and then moulded by hand. “This gave no stress to the dough, wouldn’t destroy the gluten structure and did not need lots of yeast or additives. Rheon has reproduced that as much as possible with machinery using no pressure or stress to portion that dough. It then offers bakers the choice of hand moulding to the desired shape or they can use attachments to mechanically gain the desired shape,” Ort says.Reiser, supplier of Vemag Systems, says the company is always developing new dividing equipment. MD Ken Mosser says the company’s Waterwheel flow divider can handle all types of doughs from stiff to soft, and weight accuracy is guaranteed across multiple lanes without adjustments. Reiser does not use oil in its dividing system and precise weights and versatility give Vemag the edge, he claims.Mono Equipment believes people are looking more at stress-free systems and adding more water to the dough, which gives a better texture and a more artisan-type product with economical benefits. It markets Paneotrad, and Mono has developed a manufacturing process for bulk processing of dough that facilitates fast turnaround of bread.”If a customer comes in and you’ve run out of bread, you can have more bread within 22-24 minutes depending on the shape of the product that’s quite revolutionary,” says sales manager Chris Huish.So what do you choose and how do you choose it? David Dunne, sales director of Interbake, which supplies Daub, says the first point is to ascertain the level of production you want to achieve the number of pieces of dough and the weight.Next, consider the type of dough you want to divide. “Some dividers knock the hell out of dough. You need something that’s gentle for making artisan bread. If you just buy off a brochure, you might buy the wrong machine which becomes an expensive exercise.”Benier’s Marsh says that, if the equipment cannot divide the dough pieces accurately, it is simply a waste of time. “It would make no sense to purchase a divider that turns out 2,000 dough pieces an hour when a bakery only needs to produce 1,000,” he says.Other issues include reliability both mechanical and electrical and service support from the suppliers, as well as how easy is the equipment to load, unload and clean.”With moulders, the most important decision is that they mould the bread into the shape that you want with the crumb structure you require. Likewise, robustness is key. As with dividers, hygiene and ease of cleaning are very important.” Bakery equipment proves its worth BB Grout, the Essex bakery chain, has a Mono plant, König Mini Rex and Mono stick machine. Director Giles Grout says the machines are in operation six hours a day, six days a week and, when things go wrong, he goes to EPP, which acts quickly. “You get an engineer that has been trained with the machine and they know which part needs replacing. You are not wasting any time. They can normally get a new part sent overnight.”Jonathan Brace, director of plant bakery Brace’s, in Crumlin, South Wales, has around eight dividers and seven moulders across its three sites and four plants. It has a moulder from Benier and dividers from Baker Perkins. He says: “With dividing it’s about making sure you control your scaling weights. It’s a constant battle to ensure you have the correct weights and you are dividing as gently as possible, so you do not damage the dough pieces. With moulding you want to make sure you roll your dough out gently.”The running costs of all Baker Perkins’ Accurist dough dividers can be reduced simply by fitting new design dies. Oil consumption, waste and downtime are all reduced by the patented new design, while reduced dough build-up improves weight control, extends cleaning intervals and prolongs die life. The improvements have been achieved by reducing the contact area between the die and the machine by 50%, along with a self-cleaning feature that disposes of dough passing the die face, rather than allowing it to accumulate. The new die is compatible with all Accurist and Accurist2 dividers.last_img read more

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