A short history of retail in ukraine

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Big market swings ‘here to stay’, warns Finland’s Veritas

first_imgFinland’s Veritas has reported a weakening in investment returns over the third quarter and said the very strong fluctuations seen in markets over the last year were indicative of a permanent shift in the way the markets behave.The pensions insurance company said it made a 2.4% total return on investments between January and September, compared with 5.6% in the same period last year, according to provisional interim figures.Equities produced 5.3% compared with 8%, and fixed income investments made a loss of 0.5%, compared with a 4.9% profit.Veritas described the overall return as “decent” despite turbulent market conditions, and said the third quarter had been challenging in investment markets, with returns declining in those three months. Investment director Nina Bergring said: “Over the past year, we have experienced several very strong fluctuations in the market, which affected many asset classes simultaneously.”She said all of these swings had been branded historically large and rapid, and predicted that strong market movements were here to stay.“The fluctuations are due to the fact the market’s microstructure has fundamentally changed with increasing digitisation,” she added.“More and more players have started to use the same kind of algorithms for risk management and investment strategies, which makes it all the more necessary to make quick changes to the risk exposure simultaneously.”She said this behaviour had created a snowball effect, and that stronger and faster market movements had presented long-term investors with new challenges.“We have to concentrate even more on following the real economy and analysing our investment targets carefully,” Bergring said.Veritas’s solvency capital fell to €580.9m at the end of September, from €609m at the same point last year, and to 27.3% of technical provisions from 30.1%.Premium income rose to €359.6m from €347.7m, while total investment assets increased to €2.67bn from €2.58bn.last_img read more

Willamette gears up for weekend shows

first_imgLEBANON, Ore. – This Friday, July 25 and Saturday, July 26, Willamette Speedway hosts some of the best racing around.Both evenings will feature IMCA Xtreme Motor Sports Modifieds as they wrap up the Wild West Modified Speedweek and the Northwest Extreme Late Model Series. The IMCA Modified race on Saturday will be the best paying to win all week as the main event winner earns a cool $2,000. Other contingencies are in the works also and will be announced soon.In Wirth Wireless Modified action at Willamette in 2014, it’s been a great year of competition. Matt Mitchell has the point lead but is tied for the most victories on the campaign with Collen Winebarger and Jeremy Shank with two each. Craig Cassell, Monte Bischoff, and Kyle Yeack all have won once this year, too.Racing will begin around 6:30 p.m. on Friday while on Saturday it will be at the usual 6 p.m. time.Tickets both days are $12 for adults, $10 for seniors, military and juniors ages 13-17, $5 for youth ages 6-12 and free for five and under. A family pass, good for two adults andup to four youth sells for $35.last_img read more

Wenger Agrees Fresh Two-year Contract at Arsenal

first_imgArsenal boss, Arsene Wenger, has agreed a new two-year contract, extending his 21-year reign at the club.Wenger and club owner Stan Kroenke met on Monday to determine the Frenchman’s future, with the decision relayed to directors at a board meeting on Monday.Arsenal is planning to make an official announcement today.The Gunners were fifth in the Premier League this season, the first time they have finished outside the top four since the Frenchman joined in 1996.They finished 18 points behind champions Chelsea, but beat the Blues 2-1 to win the FA Cup at Wembley on Saturday.Wenger’s contract was set to finish at the end of the current campaign. Wenger led the Gunners to three Premier League titles and four FA Cups in his first nine seasons in charge.In 2003-04, he became the first manager since 1888-89 to lead a team through an entire top-flight season unbeaten.But after winning the 2005 FA Cup, they had to wait another nine years – or 3,283 days – for their next silverware. It came as they beat Hull City to win the 2014 FA Cup, before winning the trophy again the following year.Some Gunners fans turned on the 67-year-old Frenchman as a result of their league performances and they lost 10-2 on aggregate to Bayern Munich in the Champions League last 16 in March.They finished the league season with five successive victories, but it was not enough to carry them above Liverpool to take the fourth and final Champions League spot.Wenger told BBC’s Football Focus on Saturday the criticism he has faced this season is “a disgrace” he will “never forget”.Anti-Wenger banners were held aloft by Gunners fans in the closing stages of a 3-1 defeat at West Brom on March 18, while in the first half two planes towed banners over the ground – one criticising the manager and the other supporting him.After that loss, Wenger said he had made a decision on his future which he would announce “very soon”.He faced significant criticism around that time, with former Blackburn and Celtic striker Chris Sutton telling BBC Radio 5 live on 20 March that Wenger was “an uncle who doesn’t want to leave the party” and was running a “dictatorship”.Chelsea manager Antonio Conte, meanwhile, described Wenger as “one of the best managers in history”.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Offensive line welcomes back wealth of experience

first_imgAs the Trojans enter the 2013 season, the team’s offensive line has a surprising amount of stability. Even with the departure of three-year starter Khaled Holmes, the unit returns five players who have starting experience. The primary goal in fall camp was figuring out which combination of players gives the team its most effective unit.Fourth-year offensive line coach James Cregg is joined on the line by Mike Summers, who will coach the offensive line alongside Cregg and serve as the running game coordinator.Summers, who most recently held the same title with the Kentucky Wildcats for three seasons, brings an impressive pedigree and a wealth of experience to the coaching staff. He has coached both at the collegiate and professional level and his impact has already been felt at USC.Summers and Cregg have many former four- and five-star high school recruits to work with on the line, and multiple players have displayed a knack for versatility thus far.Junior Marcus Martin, who has spent the majority of the last two years at left guard, will spend this season at the center position. Though he had success at guard, the transition to a new position is one that Martin has fully embraced.“I’m excited about it,” Martin said. “There is a big future there, and I’m happy to be playing center, and I’m thankful for the opportunity.”Martin’s shift has created a vacancy at left guard, and the staff has had to move another player to fill the void. Enter sophomore Max Tuerk, who last season made USC history as the first true freshman to start at left tackle. Tuerk started at left guard for the first time last season in the Sun Bowl against Georgia Tech, and earned All-Pac-12 honorable mention honors for his strong freshman season.Joining Tuerk on the left side of the line will be redshirt freshman Chad Wheeler. Arguably the biggest surprise of fall camp, Wheeler is a local product of Santa Monica High School and has gained more than 60 lbs. since he arrived on campus.“It’s just hard work,” Wheeler said of his improvement this offseason. “It’s on every side. It’s not just strength, it’s also the technical aspects and knowing the playbook.”The duo of Tuerk and Wheeler has certainly made an impression on USC head coach Lane Kiffin, who has been impressed by his young players’ performance.“Those two kids are playing great together,” Kiffin said. “They have a great mentality about the game.”Opposite of Tuerk on the interior line is a position battle for right guard. Incumbent senior John Martinez and junior Aundrey Walker, who has starting experience at left tackle, are vying for playing time. Martinez has started 25 consecutive games at this position, though Walker took the majority of the first-team reps toward the end of fall.The Trojans have continuity at the right tackle position with senior Kevin Graf. With 25 starts under his belt, Graf is a veteran in the program and provides leadership and experience for the rest of the line. “Fall camp went very well for us,” Graf said. “This offensive line is coming along very well, and we just have to keep it going into the season.”Though the unit has experienced many shifting parts thus far in the fall, it has the talent and experience to gel together and act as a formidable force for the team. It will soon be evident whether or not this combination gives the Trojans’ offense the power it needs to push the pile while also providing the time for the quarterback to direct a potent aerial attack. Follow Jake Davidson on Twitter @jakedavidson23last_img read more

No surprises in FA Cup action last night

first_imgLiverpool set-up a fourth-round tie against West Ham after a comprehensive 3-0 win over League Two minnows Exeter City at Anfield.And Tottenham will travel to Colchester United later this month after they finally got the better of Leicester in the third meeting between the two clubs in the space of just ten days.Goals in either half from Heung-Min Son and Nacer Chadli earned a 2-0 win for Spurs.last_img

Betsson cuts headcount to streamline group operations

Submit StumbleUpon Share Ray Wilson, AMLGS: Industry deserves praise for its reaction to a new normal July 23, 2020 Genesis to appeal UKGC’s ‘disproportionate suspension’ July 23, 2020 Share TVBET passes GLI test for five live games in Malta and Italy August 25, 2020 Related Articles Pontus LindwallStockholm-listed European online gambling group Betsson AB has this morning informed that it will reduce its corporate headcount by approximately 160 employees as group governance seeks to ‘streamline the organisation’.Updating the market, Betsson has executed its organisational restructure across all group offices, as Betsson governance seeks to deliver annual corporate savings of SEK 50-60 million (€5-6 million).“In cooperation with the operational management team, we have started to implement actions to improve operations. The restructured organisation will be more streamlined with clearer responsibilities, which I believe will improve its efficiency over time”, detailed Pontus Lindwall, CEO Betsson AB.Presenting Betsson’s October Q3 trading update, Lindwall had stated to company investors that the firm’s growth had been unsatisfactory throughout 2017.Last September, Lindwall the former Group Chairman of Betsson AB, had to take leadership of the Stockholm-listed enterprise, following the abrupt departure of former CEO Ulrik Bengsston following governance disputes relating to Betsson AB future strategy.In its market statement, Betsson governance costs related to the restructuring will be recognised in the interim report for the first quarter 2018, scheduled for Thursday 8 February 2018. read more

Broward Deputies Vote “No Confidence” in Sheriff Gregory Tony

first_imgDeputies have overwhelmingly voted no confidence in Broward Sheriff Gregory Tony according to their union.The no confidence vote punctuates a tense couple weeks between deputies and Sheriff Tony stemming from the availability of personal protective equipment in the department during the coronavirus pandemic. It could also be a blow to Tony’s re-election chances later this year against ousted Sheriff Scott Israel.The Broward branch of the International Union of Police Associations announced that of 786 ballots cast among road deputies and sergeants, 693 voted no confidence in Tony (88%). In a separate ballot of lieutenants, 28 voted no confidence while five voted in favor of Tony.The symbolic measure doesn’t officially change Tony’s status, but the union said it plans to sit down with its board members to discuss the next course of action.does threaten his future as Broward sheriff. Tony issued the following statement in response:“The command staff and I have worked tirelessly to keep all the men and women of BSO safe during this unprecedented pandemic. We have established procedures to limit exposure to COVID-19 in all areas of operations and have worked to give all of the BSO family the necessary tools to protect themselves as we continue to protect the community. I want to say to the deputies, I hear your concerns. Following today’s vote, my commitment is unwavering and our mission remains clear. It’s time to unite and work together to continue providing the highest level of professional public safety services to our Broward County community.”last_img read more

Hunters cling to fourth place in Intrust Cup

first_imgThe Hunters lost their second consecutive away game yesterday going down 40-16 to the eighth placed Northern Pride at Barlow Park.After 24 rounds, the Hunters are in fourth place on 32 competition points (14 wins, 8 losses and 2 byes) and a points for and against of 90.The top 6:Redcliffe Dolphins (38), Burleigh Bears (37), Townsville Blackhawks (35), SP Hunters (32), Sunshine Coast Falcons (29), Souths Logan Magpies (28).The Hunters will play the Sunshine Coast Falcons this Sunday at the National Football Stadium. Kick-off is at 3:05pm.last_img

Countdown to elections

first_imgDear Editor,In examination of the noises caused by the strident Yes! Yes! Yes! of Honorable Member of Parliament Charrandas Persaud that have now ebbed and flowed in the national space since the night of December 21, 2018, I am drawn to Edward Fitzgerald’s “The Moving Finger writes; and, having writ, Moves on: nor all your Piety nor Wit, Shall lure it back to cancel half a Line, Nor all your Tears wash out a Word of it.”That a single sentence should encapsulate all that has transpired to date is to recognise the power of poetry and to understand the importance of literature to any society. Fitzgerald’s translation of Omar Khayyam’s Rubaiyat speaks a pristine truth. The National Assembly approved a resolution of no-confidence in the Government. There is no going backward on this vote, indeed there could not even be a pause in the proceeding. The finger has written and moved on. We are witnessing the attempts to lure that finger back, witty use of mathematics; public wailing; gnashing of teeth; invoking of piety; all to no avail.The 90-day clock as prescribed by the Constitution, our supreme law, has begun to tick. As I write this, another day passes and the clock shows 69 days left before a General and Regional Election must be held as mandated. On March 21, 2019, that countdown expires. This countdown is inviolate and is unhindered by any process or institution. The Judiciary may well have matters in front of it that pertain to various interpretations of the Constitution, but they do not in any way affect this clock, any determinations can only apply to future motions of confidence. The state of readiness of the Guyana Elections Commission is not a factor, it is the President who sets the date of the elections. GECOM is provided billions in funding annually to be in a state of near readiness at all times in compliance with the vagaries of our Constitution. That tail cannot wag the dog.The Granger Administration may shed tears, but they should also end the disingenuous attempts to mislead our nation. We have no ‘Constitutional crisis’ the conflicts of Article 106 (6) and (7) will soon be resolved by the electorate. At that point members of the APNU+AFC Administration may well find acts that go beyond the description of ‘caretaker’ being examined by the judiciary for interpretation.Editor, I hope this letter illustrates the need for the much-maligned arts in our education system; life cannot be lived by mathematical formulas alone, that may well lead us to being half the men and women we are meant to be.Respectfully,Robin Singhlast_img read more