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Game up for Tomkins as buyers target UK

first_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapp Game up for Tomkins as buyers target UK ONE of the City’s largest investors warned foreign predators not to view UK companies as easy pickings yesterday after Tomkins became the latest name to fall to an overseas bid.Standard Life Investments (SLI) made an angry intervention after shareholders in Tomkins, the former “buns-to-guns” group, voted to accept a £2.9bn offer from a consortium of Canadian funds. Private equity player Onex and the Canada Pension Plan Investment Board will now take the conglomerate private within weeks.David Cummings, head of UK equities at SLI, said the transatlantic offer “undervalues Tomkins’ future prospects”. He added: “We also hope this vote will not be seen as a signal to other potential bidders for UK corporates that UK shareholders are prepared to sell assets too cheaply as a consequence of current depressed market valuations.”Cummings’ remarks follow a string of buyouts of London-listed outfits. Since the start of the year fund managers have seen US companies Kraft and Emerson Electric take over Cadbury and Chloride respectively, while French firm GDF Suez has seized control of International Power. American buyout house Apollo is scrutinising Brit Insurance on the basis of an £851m indicative offer.Tomkins’ board, led by chief executive Jim Nicol, came under fire in July for opening the books to the Canadian bidders without consulting shareholders. At the time, SLI voiced the discontent of other investors by accusing Nicol of engaging in talks for a 325p-per-share offer that “materially” undervalued the automotive and industrial parts manufacturer.But investors accounting for more than 90 per cent of Tomkins’ shares gave a green light to the sale yesterday. Among those voting in favour were blue-chip institutions Schroders and Aberdeen Asset Management. A source close to the company played down the significance of the near-10 per cent of holders who rebelled, saying: “I don’t think it’s completely out of the way with what we’ve seen in other transactions.”Tomkins, which earned the “buns-to-guns” moniker for its brief ownership of Rank Hovis MacDougall and Smith & Wesson in the 1990s, will be sold at the end of September subject to anti-trust clearance. The deal marks the end of the Square Mile’s relationship with a firm that began as a belt buckle maker in 1925 and grew into an industrial giant under the stewardship of controversial tycoon Greg Hutchings, before slimming down in the 1990s.Neil Vickers, a mergers and acquisitions adviser at law firm Denton Wilde Sapte, predicted a further raft of offers for UK companies from US and Asian buyers. “It’s difficult for boards to defend against bids because it’s hard to see where the price should be given unpredictable markets,” Vickers said. “Companies that are cash-rich are making the most of their opportunities and we’re seeing that coming through right now.”Paul Zimmerman, a partner at Deloitte, said: “Some of it can be opportunistic, but some of it can be part of a grand strategy where a US or Far Eastern firm wants to get a foothold in Europe.” KCS-content Share Tuesday 31 August 2010 9:37 pm whatsapp Show Comments ▼ Tags: NULLlast_img read more

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Credit Suisse client in court

first_img Show Comments ▼ Credit Suisse client in court KCS-content whatsapp Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndo Sharecenter_img whatsapp Tuesday 8 March 2011 8:56 pm A CREDIT Suisse client pleaded guilty in US federal court yesterday to evading taxes, confirming that the bank has become tangled in the US government’s latest wave of tax evasion probes.Defendant Edward Gurary, of Ohio, was originally charged with hiding assets at accounts at Swiss bank UBS, but he now also admits he hid assets at Credit Suisse.US officials said they are investigating other banks after UBS paid $780m to settle tax evasion charges. The case marks the first time Credit Suisse has been mentioned in the case. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comlast_img read more

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Honeywell Flour Mills Plc (HONYFL.ng) 2011 Annual Report

first_imgHoneywell Flour Mills Plc (HONYFL.ng) listed on the Nigerian Stock Exchange under the Food sector has released it’s 2011 annual report.For more information about Honeywell Flour Mills Plc (HONYFL.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Honeywell Flour Mills Plc (HONYFL.ng) company page on AfricanFinancials.Document: Honeywell Flour Mills Plc (HONYFL.ng)  2011 annual report.Company ProfileHoneywell Flour Mills Plc is a flour milling company in Nigeria and manufactures and markets wheat-based products which includes flour, semolina, wheat meal, brown flour, pasta and noodles. The company markets it products under the Honeywell brand name. Formerly known as Gateway Honeywell Flour Mills Limited, the company changed its name to Honeywell Flour Mills Plc in 1995. The company is a subsidiary of Siloam Global Services Limited. Its head office is in Lagos, Nigeria. Honeywell Flour Mills Plc is listed on the Nigerian Stock Exchangelast_img read more

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Ahmed Zidan and Abdulhaq Saddah ordered to leave

first_img RSF_en March 19, 2011 – Updated on January 20, 2016 Ahmed Zidan and Abdulhaq Saddah ordered to leave The Yemeni authorities ordered Al-Jazeera journalists Ahmed Zidan and Abdulhaq Saddah to leave the country on the grounds that they were working illegally in Yemen and were inciting violence. An information ministry official told the government news agency Saba that they had “provoked the Yemeni people” by their coverage of the demonstrations in Yemen in recent weeks. Al-Jazeera confirmed that they left the country after receiving the order. Organisation center_img News Help by sharing this informationlast_img

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Westbound Colorado Street Bridge to Be Closed for Repairs Wednesday

first_imgHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeautyThis Trend Looks Kind Of Cool!HerbeautyHerbeautyHerbeautyHere Is What Scientists Say Will Happen When You Eat AvocadosHerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeautyWomen Love These Great Tips To Making Your Teeth Look WhiterHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeauty Make a comment CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Business News The westbound side of the Colorado Street Bridge in Pasadena will be shut down Wednesday to allow for guardrail repairs, officials said.The closure is planned from 7 a.m. to 3:30 p.m., between Orange Grove Boulevard and San Rafael Avenue, city officials said.Crews will be repairing wear and tear to the guardrails, according to city spokeswoman Lisa Derderian. STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy More Cool Stuff Your email address will not be published. Required fields are marked * Top of the News center_img Community News Name (required)  Mail (required) (not be published)  Website  Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena 17 recommended0 commentsShareShareTweetSharePin it Public Safety Westbound Colorado Street Bridge to Be Closed for Repairs Wednesday STAFF REPORT Published on Tuesday, September 29, 2020 | 3:03 pm Subscribe STAFF REPORT First Heatwave Expected Next Week EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community Newslast_img read more

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Pasadena Center Operating Co. to Provide One Year of Benefits to Help Laid-Off, Furloughed Staff

first_imgEVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Make a comment Community News Community News Pasadena Center Operating Co. to Provide One Year of Benefits to Help Laid-Off, Furloughed Staff 72 workers impacted by lack of events By ANDRÉ COLEMAN, Managing Editor Published on Thursday, October 29, 2020 | 2:56 pm CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday The Pasadena Center Operating Co. (PCOC) board of directors unanimously voted to extend up to one year of health coverage benefits to laid-off and furloughed workers.Due to COVID-19 and restrictions on gatherings, PCOC facilities — the Pasadena Convention Center, the Pasadena Civic Auditorium, the Pasadena Convention & Visitors Bureau, and the Pasadena Ice Skating Center — closed in March and have been open only for a limited number of small essential events.Prior to COVID-19, the PCOC anticipated hosting over 350 events this year and forecasted a revenue surplus in fiscal year 2021. With the loss of those events, the PCOC has lost millions of dollars in revenue.“We have long-standing employees who have been with us for over 20 and 30 years,” said Councilmember Tyron Hampton, who chairs the PCOC board.“We are happy to cover these benefits during this difficult time to show our gratitude for their hard work and dedication over the years,” said Hampton, who also serves as vice mayor.All told, 36 full-time employees lost their jobs due to a lack of events, including ice rink employees, ticket takers, ushers, security guards, and others. Twenty-three full-time employees were laid off on May 3, and six employees were furloughed. All remaining full-time employees are being furloughed two days per month. Seven vacant positions have not been filled. Only 26 full-time employees out of 98 remain on the job.According to a report included in the City Council’s Finance Committee agenda two weeks ago, the PCOC will not begin to make up for transient occupancy taxes (TOT), or taxes paid by everyone who stays at a local hotel, lost due to the pandemic until fiscal year 2024.“The PCOC’s forecasted share of TOT revenue forecast is $5,725,000, which is a decrease in TOT revenue of $5.375 million compared to the FY20 original budget and $2.959 million lower than FY20 actual,” according to a staff report. “We anticipate we will not be back to FY19 TOT revenue until FY24.”Currently, the PCOC has $16 million in reserves. Due to its nonprofit status, the PCOC has been unable to access Payment Protection Program loans, but has advocated for the expansion of these programs and has requested the support of U.S. Sens. Kamala Harris and Dianne Feinstein, and U.S. Rep. Judy Chu.The PCOC is dedicated to promoting Pasadena as a meeting and travel destination in an effort to maximize economic impact through the development of meetings, conventions, entertainment events, and tourism by providing professionally managed facilities and first-class service.For more information, visit www.pasadenacenter.com. Business News Community News Name (required)  Mail (required) (not be published)  Website  STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Top of the News center_img Subscribe Your email address will not be published. Required fields are marked * Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena STAFF REPORT First Heatwave Expected Next Week More Cool Stuff Herbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeautyFinding The Right Type Of Workout For You According AstrologyHerbeautyHerbeautyHerbeautyKeep Your Skin Flawless With These Indian Beauty RemediesHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeautyWeird Types Of Massage Not Everyone Dares To TryHerbeautyHerbeautyHerbeauty6 Lies You Should Stop Telling Yourself Right NowHerbeautyHerbeauty faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes 18 recommended0 commentsShareShareTweetSharePin it Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m.last_img read more

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Purdue to Honor 20th Anniversary of 2000 Rose Bowl Squad With Throwback Uniforms

first_imgEVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Herbeauty15 Countries Where Men Have Difficulties Finding A WifeHerbeautyHerbeautyHerbeauty10 Special Massage Techniques That Will Make You Return For MoreHerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeauty11 Signs Your Perfectionism Has Gotten Out Of ControlHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeauty STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Subscribe More Cool Stuff Top of the News Community News Business News Make a comment Name (required)  Mail (required) (not be published)  Website  133 recommended0 commentsShareShareTweetSharePin it center_img Drew BreesOn Saturday, the Purdue Boilermakers, who are playing Northwestern, will be wearing a uniform that is a throwback to 2000 and the 20th anniversary of the Purdue team that made it to the Rose Bowl, according to Saturdaytradition.comPerhaps the most famous member of the Purdue team that year was current New Orleans Saints quarterback Drew Brees. In its fourth year under head coach Joe Tiller and led by Brees, Purdue captured the Big Ten crown that year for the first time since 1967, according to saturdaytradition.com, a website covering Big Ten football with news and analysis on all 14 Big Ten schools.The key wins for the Boilermakers that year came on the road against Michigan and Northwestern along with a big home win against Ohio State. Despite two conference losses, Purdue won the tiebreaker and earned the berth in the Rose Bowl.The Boilermakers ultimately lost that New Year’s Day to Washington Huskies in the bowl, but are fondly remembered by the Purdue fan base.With this being the 20th anniversary, it’s a perfect chance to honor this 2000 team.It also may have fans wondering if this Purdue crew, off to a 2-0 start, could be the first team to win a Big Ten crown since that 2000 squad. faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Sports Purdue to Honor 20th Anniversary of 2000 Rose Bowl Squad With Throwback Uniforms STAFF REPORT Published on Thursday, November 12, 2020 | 12:26 pm Community News Your email address will not be published. Required fields are marked * CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday STAFF REPORT First Heatwave Expected Next Week Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

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Termination settlements

first_imgTermination settlementsOn 25 Jan 2000 in Settlement agreements, Personnel Today When an employer pays a sum of money to an employee by way of a terminationsettlement, the employer will want to ensure the employee cannot then turnaround, having pocketed the money, and make employment claims in a tribunal orthe courts. While it is possible for an employee to waive contractual rights ina simple agreement accepting the termination payment, it is not possible forthis to occur in respect of statutory rights. The relevant statutes make clear that statutory rights cannot be waived byan employee by contract, otherwise many employers would simply routinelyinclude waivers in employment contracts. Just look at how many waivers of the48-hour maximum working week now appear in standard employment documentation. Acas settlementsUntil 1993, the only way an employer could ensure that the statutory claimsof an employee were waived – for example, unfair dismissal and sexdiscrimination – was to get the agreement “rubber stamped” by an Acasofficer and compromised on a Form COT3. This meant the employer could pay thetermination payment without fear of any come-back by the employee, and theemployee could seek substantial sums in settlement from the employer on thebasis that the employer could be assured of a clean break. But Acas changed its policy in the early 1990s and refused to provide COT3settlements where they had not been involved in the negotiation processthroughout. Compromise agreementsIn response to the demand for another way to achieve a “cleanbreak”, Compromise Agreements were implemented into English law in 1993.Essentially, these allow employees to waive statutory rights provided they hadreceived independent legal advice. The safeguard was that if they have receivednegligent advice, they could sue the adviser, so one stipulation of theagreements was that the adviser had a “policy of insurance”. Current dangerThe main difficulty now about compromise agreements is that they must relateto particular claims which have been raised by the employee before signing theagreement. So it is not possible to have a blanket waiver of all claims theemployee might have – notwithstanding the existence of legal advice at the timeof signing. Recently, several agreements have been declared invalid on the grounds thatthey claims they purport to waive were not sufficiently “in play”before the agreement was signed. At least one tribunal went as far to say theemployee ought to be withdrawing an IT1 as part of the compromise agreement tomake it valid. This particular stipulation is regrettable. Every employer should now havesome hesitation when using compromise agreements when paying substantialtermination payments, on the ground that the agreement may not be enforceable.The position has been made more difficult with the recent change in the lawwhich states that, for unfair dismissal waivers, the agreements must”relate to the particular proceedings” – raising a presumption thattribunal proceedings must be on-foot before the agreement being signed.By Richard Brimelow Comments are closed. Previous Article Next Article Related posts:No related photos.last_img read more

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Synoptic-scale weather systems observed during the FROST project via scatterometer winds

first_imgUsing data obtained during January 1995—the third of three special observing periods associated with the Antarctic First Regional Observing Study of the Troposphere project—over a sector of the Southern Ocean (SO), this study investigates the capabilities of European Remote Sensing satellite (ERS) scatterometer winds to portray accurately synoptic-scale weather systems and comments upon their potential contribution to the forecasting process in this region. A sample population of cyclones was defined using satellite imagery and analyzed charts. The scatterometer successfully “captured” more than 60% of these systems that were existent over the open ocean. For manual analyses, the wind vectors proved extremely good for locating the positions of fronts, apparent as a marked turning in the wind direction, which coincided closely with frontal bands observed in contemporaneous satellite imagery. In most cases the wind vectors were also able to locate cyclone centers: their superior spatial resolution as compared with numerical analysis schemes revealed significant positional errors in the latter. This study demonstrates that typically each cyclone was captured twice by a scatterometer swath: such multitemporal data can provide information on the development of a system through changes in the strength of its associated winds. Those 40% of systems that were not captured generally had a duration of less than a day and in that time were never encompassed by the scatterometer swath, a limiting factor in the instrument’s effectiveness, as noted by other studies. However, this study reveals that the most significant problem in high southern latitudes appears to be missing data resulting from the use of the operationally mutually exclusive synthetic aperture radar instrument over coastal Antarctica. Additional limitations of scatterometer data for observing synoptic-scale systems are shown to be the maximum and minimum restrictions on the range of wind speeds that can be successfully derived and the granularity problems that are still existent in some ERS data. Nonetheless, scatterometer data have the potential to provide extremely important information for the forecasting process over the data-sparse SO, with the near-surface winds able to give an accurate reflection of the degree of activity of a weather system.last_img read more

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Psychiatric illness and suicide in the heroic age of Antarctic exploration

first_imgDuring the heroic age of Antarctic exploration, a number of the early explorers developed psychiatric illness either in the Antarctic or shortly after leaving it. Most of these were psychotic illnesses and stress reactions. At least six explorers committed suicide either in the Antarctic or after their return. These cases are described, and possible reasons for the apparent high incidence of psychiatric disease and suicide are discussed. There are also examples of the possible misuse of psychiatric labels.last_img

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