Ferguson sees profit rise as US home improvement demand soars

first_img whatsapp This was more than a 12 per cent increase from the $746m reported a year ago. However, vaccine rollouts have led many to believe that the trend could fade. Ferguson sees profit rise as US home improvement demand soars Share Tuesday 16 March 2021 8:06 am The London-listed company, which has a secondary US listing, said underlying trading profit rose to $837m for the six months ended 31 January 2021. The firm was buoyed by cost control measures and a strong home improvement demand in its biggest market, the US. US demand soared throughout the quarter as its economy began to reopen. (Getty Images) Also Read: Ferguson sees profit rise as US home improvement demand soars Kevin Murphy, CEO of Ferguson, has backed the company to continue to thrive and tackle challenges in 2021. Plumbing group Ferguson raised its dividend and announced a share buyback on Tuesday after posting a higher half-year profit. Damian Shepherd The company raised interim dividend to 72.9 cents per share, which it said will be paid in May. It also announced a $400m share buyback. “We are well positioned to manage through this environment, and we will continue to invest in talented associates and digital capabilities to serve our customers and take advantage of market opportunities,” he said. Ferguson’s performance followed its US peers Home Depot and Lowe’s Cos Inc, who have also benefited from stuck-at-home Americans snapping up building materials through lockdown. Show Comments ▼ US demand soared throughout the quarter as its economy began to reopen. (Getty Images) Also Read: Ferguson sees profit rise as US home improvement demand soars whatsapp US demand soared throughout the quarter as its economy began to reopen. (Getty Images) More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA 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.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orglast_img read more

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News / Time pressure on carriers to decide on scrubbers or more expensive greener fuel

first_img With just over 18 months until the IMO’s 0.5% sulphur cap regulations come into force, major container lines are undecided on their future fuel strategy.Come 1 January 2020, ships not powered by LNG must either use more-expensive low-sulphur fuel oil (LSFO), or be fitted with an exhaust gas cleaning system (known as scrubbers) in order to continue burning heavy fuel oil (HFO).Carriers know that decisions reached in the next few months will shape their financial future – for example, Hapag-Lloyd’s bunker consumption last year was nearly 4m tonnes, of which 87% was HFO.South Korean carrier Hyundai Merchant Marine (HMM) said recently it would consider installing scrubbers on its 20 new mega-containerships or powering them by LNG, as it seeks to gain a competitive advantage over its liner rivals.One carrier source told The Loadstar his company had already had several meetings with shipowners (carriers on average charter-in 50% or more of their tonnage) without reaching a conclusion.“The owners do not want to bear the full cost of the installation of scrubbers and are looking for us to contribute,” he said, “and this is proving a sticking point.”So far, only around 250 ships of the world’s 60,000 merchant vessels have been fitted with scrubbers and the slow take-up has surprised observers, given the prima facie cost advantage of the “sensible option” to the new regulations.The current price to retrofit a containership with a scrubber system is $5-10m, but with the cost for LSFO currently at a premium of approximately $230 per tonne, for a large containership the capital expense could be recovered in less than a year.However, a new report by online bunker broker BunkerEx flags up a number of potential difficulties for ships that continue to burn HFO after 2020, and gives reasons why a “wait and see” policy might be the better option.The main concern seems to be the risk that, having invested in a scrubber system, the availability of HFO will decrease significantly from January 2020 as it becomes uneconomic for refiners to produce. Moreover, under fresh IMO regulations in the planning stages, it could even be a violation for bunker suppliers to transport HFO by sea.This could mean that, in some circumstances, a ship operator would effectively be paying twice to be compliant: the cost of the scrubber system as well as the expense of bunkering with LSFO.BunkerEx also notes that a number of refiners are investing heavily in producing a blend of LSFO that could be sold at a discount to the current marine gas oil alternative to HFO.It follows that, if HFO becomes more expensive as its refining costs increase and a LSFO discounted option is made available, the scrubber solution may well disappear altogether. By Mike Wackett 19/04/2018last_img read more

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What is the PSA Planning?

first_img The Chosun Central News Agency (KCNA) reported on Tuesday that a delegation led by Ju Sang Song, the head of North Korea’s People’s Safety Agency (PSA) had gone to China. The People’s Safety Agency is the equivalent of South Korea’s National Police Agency. Not only would such a visit be considered rare, but official reporting by the KCNA of news along such lines is also exceptional. The duty of the PSA is to regulate crime in North Korea. Accordingly, with one exception, there is no need for the People’s Safety Agency to really have any dealings with other countries. This exception refers to the events that take place along the North Korea-China border, such as the regulation of defections, illegal trade and drug deals. The PSA is responsible for a lot of the border patrols in North Korea and is even in charge of the border patrol unit on the Chinese side. Accordingly, since the KCNA officially reported the visit to China, it is probable that Pyongyang has a plan for something which requires Chinese cooperation. This ‘something’ may be to prevent defections and illegal trading. In other words, the visit may be an attempt to stymie the expected aftermath of recent currency reforms. In order to prevent defections, North Korea has already installed several facilities along the border, including surveillance cameras and chain-link fences, although the latter has been breached in the daily battle for survival of the North Korean people. In particular, illegal trading with China has flourished regardless of the fences. Merchants are able to sell a variety of goods in the jangmadang through illegal trade with China. Jeans made in South Korea, Japan, China and sometimes even the U.S. can be found. The North Korean authorities, under the pretext of currency reform, most likely intend to return to the planned economy and cut such illegal jangmadang trading off at source. However, inflation and the battle for survival are both likely to continue, not to mention the friction between civilians and the North Korean authorities, so there exists the possibility of defection attempts increasing this winter. Consequently, the visit by the PSA head to China has been generating great interest. The visiting delegation is likely to emphasize cooperation between North Korea and China regarding the prevention of defections as well and illegal trading and drug deals, and will possibly request aid for new border patrol equipment, including surveillance cameras and more fences. Additionally, we can’t exclude the possibility of their requesting Chinese cooperation regarding the use of cellular phones in North Korea, which require base stations in Chinese border counties. Defectors in South Korea are able to talk with family members in North Korea using cellular phones in this way. The PSA delegation may well wish to discuss the issue of adjusting the distance between the base stations and the border so that cellular calls cannot get through to North Korea. This year commemorates the 60th anniversary of the North Korea-China alliance. So if North Korea wants to request aid and cooperation from China, this year might be as good a year as any to try it. What is the PSA Planning? RELATED ARTICLESMORE FROM AUTHOR SHARE AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] News News There are signs that North Korea is running into serious difficulties with its corn harvest center_img News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak By Daily NK – 2009.12.17 10:14pm Facebook Twitter News North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

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Help clients cope with aging parents

first_img Share this article and your comments with peers on social media Much of that reticence, the poll suggests, can be attributed to the notion that conversations that border on talk of end-of-life issues are too uncomfortable to initiate. Among the 45% of Canadians surveyed with a parent 65 or older, about 40% are either worried that initiating the conversation might make them appear disrespectful or somewhat greedy, or just feel uncomfortable. When it comes to knowing whether there’s a will, estate plan, trust and power of attorney in place, few have a complete picture of their parents’ plans. For example, of those with parents over the age of 65, the poll suggests, only some 23% are aware that a financial plan built for their parents’ senior years is in place versus about 38% who have no idea and 39% who say there isn’t one. “Families shouldn’t wait for a health emergency or unexpected event to force a hurried conversation,” says David Nicholson, vice president of CIBC Imperial Service, in a statement. “These can be tough conversations, but creating a family playbook with clear plans and expectations can help reduce the emotional and financial strain to ensure everyone feels well prepared for the years ahead.” Creating a “family playbook,” CIBC suggests, not only entails starting the dialogue, but might also include seeking out financial and legal counsel to create an estate plan; documenting expectations and plans for caregiving; developing a financial plan; and building a package of primary contacts and key documents. These are areas where financial advisors can lend their expertise on, Nicholson says, perhaps through facilitating a family dialogue or creating a financial plan. Comment: For the insolvent aged, a new crisis Of the some 3,000 Canadian adults surveyed — including aging boomers (defined as 55 and older) approaching or in their retirement years — an overwhelming proportion (73%) says that it rests on the parents to inform their children of their intentions. Still, there appears to be a disconnect, on the part of parents, in their willingness to take it upon themselves to discuss plans, as only 43% of baby boomers, say they’ve disclosed details about their expectations and plans with their adult children. In addition, a mere 22% of this group have concrete plans, because of the effort involved, a perceived lack of wealth or a feeling that it’s unnecessary. If they were to become incapacitated, the poll suggests, about 46% of boomers surveyed prefer that the weight of responsibility fall on their spouse while 31% would turn to their children. But among those with a spouse they can rely on primarily, the survey notes, many still count on their children’s involvement. In fact, about one-third (33%) of those surveyed with retirement-aged parents say they already depend on them for some assistance. Angus Reid collected the responses through an online survey, conducted between March 16 and March 20, for CIBC. Photo copyright; lisafx/123RF Almost two-thirds (62%) of Canadians with parents of retirement age are reluctant to broach issues around elder care and financial support, even as many expect to be involved in managing their parents’ affairs as their health deteriorates, according to a new poll from Canadian Imperial Bank of Commerce (CIBC) released Thursday. Caregiving costs for aging Canadians having impact on families Related news Keywords Estate planning,  Seniors,  Baby boomers It’s official: marriage no longer revokes a will in Ontario Facebook LinkedIn Twitter Beatrice Paez Estateably expands to Alberta OSC names members of Seniors Expert Advisory Committeelast_img read more

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Senator Nelson Says Organised Crime Threatening Sovereignty of Region

first_imgSenator Nelson Says Organised Crime Threatening Sovereignty of Region National SecurityJuly 3, 2009 RelatedSenator Nelson Says Organised Crime Threatening Sovereignty of Region RelatedSenator Nelson Says Organised Crime Threatening Sovereignty of Region FacebookTwitterWhatsAppEmail Minister of National Security, Senator the Hon. Dwight Nelson, has said that all independent states within this hemisphere have been severely affected by an infusion of organised criminal activities, which threaten the sovereignty of these nations.“Our states are targeted to be transshipment points for drug traffickers, and the wealth amassed by drug cartels is larger than the national budget of many of the states in the Caribbean,” Senator Nelson said.He was speaking at a luncheon for participants in the Command (Drug Law Enforcement Course) and Instructors Training Course at Twickenham Park, St. Catherine on Thursday (July 2).Senator Nelson said that the emergence of the “don” culture, particularly in Jamaica, the increase in the sophistication of organised criminal networks and the dramatic hike in the number of criminal gangs operating within our shores can be traced, for the most part, to the rise of the illegal drug trade and the creation of the drug culture.He said that the training course was critical, as research has shown that much illegal drug cultivation and manufacture take place in developing nations, although production also occurs in the developed world.Minister of National Security, Senator the Hon. Dwight Nelson (centre) speaking with Director Principal, Bertram Milwood (right) and Executive Director, National Council on Drug Abuse, Michael Tucker, during a luncheon for participants of the Command (Drug Law Enforcement Course) and Instructors Training Course at Twickenham Park in St. Catherine on Thursday (July 2).“In locales where the drug trade is illegal, police departments as well as courts and prisons may expend significant resources in pursuing drug-related crime. Additionally, through the influence of a number of black market players, corruption is a problem, especially in poorer societies. Sadly, consumption of illegal drugs is widespread globally,” he said.He further noted that research also showed that there is no criminal network which specialises solely in drugs. Organised crime takes advantage of a group of illicit activities such as smuggling, dealing in arms, dealing in and procuring labour, the export of dangerous and toxic items, dealing in stolen vehicles, among others, he said.“The economic effects of drug trafficking, and in a larger sense of organised crime, are frightening,” he observed.He said that networking was critical, and lauded the organisers of the course for involving participants from across the region. This will be effective in combating the illegal drug trade and allow greater effectiveness in achieving a Caribbean objective.The training course, he noted, provides an excellent opportunity to garner the skills necessary to fight wealthy drug cartels.The course which started on June 29, will last for three weeks. It includes participants drawn from the police, military customs, port security and public sector in Jamaica and regional territories.It will cover: the 1988 United Nations Conventions Against Illicit Traffic and Money Laundering; the United Nations Conventions Against Transnational Organised Crime; the Mutual Assistance Criminal Matters Act; the Extradition Treaty; and the Proceeds of Crime Act, among others.center_img RelatedSenator Nelson Says Organised Crime Threatening Sovereignty of Region Advertisementslast_img read more

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Start-of-semester class schedule tips for Buff Portal

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Jan. 12, 2021 Buff Portal shows class information in your classes and the class schedule card. Check out the information below for options to view your schedule, help with adding or dropping classes, and more. New to CU? Buff Portal can helpBuff Portal is the place where all CU Boulder students can go to find their class schedule, books, tuition and financial aid information, important tasks and more. Use Buff Portal’s search to find what you’re looking for.Have questions about using Buff Portal? Check out Buff Portal’s help pages.TipsBased on feedback from students, the class schedule grid has been updated with Mondays fixed on the left, the option to see an entire semester, and hybrid classes are no longer duplicated.Select a class to view more information, including the instruction mode and your instructor’s email address.Remember to use the dropdown at the top of the class schedule card to change semesters.Learn how to add a class or drop a class.Don’t see what you’re looking for? Try searching for it in the menu at the top left, under the Buff Portal logo.For support, including technology troubleshooting, contact the IT Service Center at 303-735-4357 or [email protected] If you’d like to help campus keep improving Buff Portal, reach out to [email protected]:AcademicsCampus Communitylast_img read more

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Freeway crash floods local streets with traffic

first_imgHomeFeaturedFreeway crash floods local streets with traffic May. 11, 2021 at 6:00 amFeaturedNewsFreeway crash floods local streets with trafficBrennon Dixson1 month agoNo tagsAccident: A two car crash on the Pacific Coast Highway diverted traffic for several hours on Monday. Brennon Dixson Sirens filled Santa Monica’s downtown area Monday afternoon after a head-on collision just south of the California Incline shut down traffic in both directions on Pacific Coast Highway.Investigation revealed that a silver Honda traveling northbound on Pacific Coast Highway swerved into the southbound lanes for an unknown reason and collided head-on with a black Jeep traveling southbound. North and Southbound lanes of Pacific Coast Highway were closed for approximately three hours.Santa Monica Police and Fire Department officials reported the collision around 1:48 p.m. Monday as traffic began to back up on the popular roadway. Onlookers from above the bluffs looked below and in the sky to try to ascertain what was the cause of the commotion while fire engines squeezed by cars to join the Santa Monica Police Department forensic trucks on-scene.An immobile upholstery truck didn’t help the matter, but the road in both directions was completely clear of traffic less than a half-hour after the crash, which left plastic and glass all over the roadway.SMPD officials cordoning the area said there were no deaths resulting from the traffic accident and those involved were transported to the hospital. Meanwhile, CalTrans encouraged drivers to avoid the area and divert to 4th street.Anyone with additional information regarding the collision is asked to contact Investigator Matt Lieb at (310) 458-8993 or Sergeant Mike Boyd at (310) 458-2201 ext [email protected] share on Facebookshare on Twitteradd a commentAccident closes PCH at the InclineCalifornia governor proposes $12B to house state’s homelessYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall5 hours agoNewsCouncil picks new City ManagerBrennon Dixson15 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter15 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor15 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press15 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press15 hours agolast_img read more

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Notes: Whan says to show LPGA the money

first_imgNAPLES, Fla. – Not even commissioner Mike Whan is clear on the length of the contract extension the LPGA Tour gave him. That’s the least of his concerns. Whan says his contract has been structured in such a way that his departure – either leaving or getting fired – is not tied to whatever income is left on the deal. What drives Whan as he enters the second decade is getting more companies to show support for women in their marketing dollars. In a strong letter to LPGA members announcing his extension last week, he raised the question that if a company’s stated values are to provide equal opportunity for women, why wouldn’t that be reflected in the marketing and sponsorship money it spends? ”How is it that nearly every company claims equal opportunity is a cornerstone of their business, but 95% of all corporate sports sponsorship dollars are spent on male sports?” he wrote. Whan was equally bullish on the weekend of the CME Globe Tour Championship, which offered $5 million in prize money with a record $1.5 million for the winner. The new mantra: Live your values. ”I’ve had this conversation with a lot of CEOs. Some like it and some hate it,” he said. ”Don’t call it a value statement unless you’re going to hold that mirror up to everything. You can’t just decide it’s a value statement and it really works for this employee meeting, but it doesn’t work for this marketing meeting, it doesn’t work for this sponsorship discussion. ”That doesn’t mean everybody is going to agree with me,” he said. ”In fact, I can tell you that 95% of the companies disagree with me, evidently. But I do think it’s coming. … There’s investors that will only invest now in companies that have these kind of values reflected in everything they do. When money stops flowing to you because you’re not walking the talk, the world is going to change.” The LPGA tour will have a 33-tournament schedule this year with a record $75.1 million in prize money. The PGA Tour offered $81.75 in just its nine tournaments in the fall. For the season, the total purse is $374.7 million for 48 official events, not including the $15 million bonus for the Tour Championship. The European Tour has 44 tournaments with total prize money of just over $200 million. FANATIC ABOUT FAXON Brad Faxon has golf fans he doesn’t even know, including the best player in women’s golf this year. Jin Young Ko was asked before the LPGA finale if she had a favorite player who was not South Korean, because Se Ri Pak was a role model for so many. Ko didn’t hesitate. She mentioned Faxon. And yes, it’s all about the putting. ”He’s good, great putting,” Ko said. ”And then I met him at the U.S. Open last year and I had a handshake with Brad Faxon before the round. Then I got one-putt on No. 1, 2, 3 holes. And then I told my caddie, ‘I don’t want to wash my hand.’ I shoot really good.” Ko, perhaps not surprisingly, is among the best on the LPGA tour with the short stick. She said she watched YouTube video of Faxon’s putting from age 15 to about 19. That was before she had a coach. Ko now works with Gareth Raflewski, who has revamped her entire short game as Ko reached No. 1 in the world. And maybe there’s another reason she won’t give Faxon a call about putting. ”I think he a little expensive,” she said with a laugh. BIRDIES FOR LOVE Lanto Griffin had a dream start to his second season until he was running on fumes and missed more than just his only cut of the season at Sea Island. The Houston Open champion, who finished in the top 20 in his first six tournaments, opened with a 74 and rallied with a 65. He missed the cut by one shot. That cost him the final two rounds in the ”RSM Birdies for Love” competition, which awards $300,000 toward a charity of the player who has the most sub-par holes in the fall. ”I was disappointed,” Griffin said before leaving Sea Island. ”But like I said, I’m tired and I battled as far as I could, so I’ve got nothing to hang my head about. Just cross my fingers and hope.” No such luck. Scottie Scheffler shot 63 on Saturday to pull within one birdie, and then ran off four on the back nine to beat Griffin by one. It wasn’t a total loss for Griffin. Second place paid $150,000, which he plans to use to start a foundation and help out in the southwest Virginia area where he was raised.last_img read more

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Donegal Donkey Sanctuary on track to reach its fundraising target

first_imgThe Donegal Donkey Sanctuary in Raphoe has almost reached its fundraising target of €50,000 to save it from closure.Due to what was described as a financial crisis, the owners of the sanctuary made an emotional plea to the public for help with a gofundme page set up for people to contribute.The sanctuary, which is the home of more than 70 donkeys opened in 2006 and has since re-homed over 600 animals.Owner Danny Curran says they are overwhelmed with the response so far:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2017/05/danny.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest 45 new social homes to be built in Dungloe Facebook Donegal Donkey Sanctuary on track to reach its fundraising target WhatsApp Previous article€82,200 in funding awarded to 18 heritage initiatives in DonegalNext articlePSNI investigating possible child approach in Omagh News Highland Hospitalisations rise as Donnelly suggests masks will stay ’til autumn Pinterest By News Highland – May 27, 2017 Homepage BannerNews Google+center_img Donegal hoteliers enjoy morale boost as bookings increase Today is the 30th anniversary of Eddie Fullerton’s murder Twitter WhatsApp Consultation launched on proposal to limit HGV traffic in Clady Disruption to cancer service will increase mortality – Oncologist Facebook Google+ Twitter RELATED ARTICLESMORE FROM AUTHORlast_img read more

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Further drop in those receiving PUP payment in Donegal

first_img News, Sport and Obituaries on Monday May 24th Journey home will be easier – Paul Hegarty Pinterest RELATED ARTICLESMORE FROM AUTHOR Twitter Facebook The number of people receiving the Pandemic Unemployment Payment has decreased by 4,000 nationally, and almost 200 in Donegal.Just over 465,000 will receive a total of €139 million euro today, almost 16,000 of them in Donegal.In Donegal, 15,854 are receiving the payment today, down 196 on last week, a drop of 1.2%.However, it’s still just under 30% down on the May 2020 total of 22,700.4,203 people in the county are now claiming Enhanced Illness Benefit, up 44 on last week and up 97 on the week before that.Across the state, 9,372 people have closed their pandemic payment accounts over the past week, 382 of them in Donegal. That’s up from 200 the previous week. Twitter Facebook Google+ WhatsApp Google+center_img Pinterest WhatsApp Homepage BannerNews Previous articleNPHET looking into “vaccine bonus”Next articleCovid hospital numbers ‘moving in right direction’ News Highland Important message for people attending LUH’s INR clinic Harps come back to win in Waterford Further drop in those receiving PUP payment in Donegal DL Debate – 24/05/21 Arranmore progress and potential flagged as population grows By News Highland – March 9, 2021 last_img read more

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