At the top since the turn of the millennium: Admiral chairman steps down

Admiral is the only FTSE 100 firm which has its headquarters in Wales. Local business champions hailed Lyons’ impact and the boost his actions had made to the local economy.“Under the chairmanship of Alastair Lyons, the Admiral Group, which is Wales’ largest private business, has played an integral part in the transformation of Cardiff’s services sector,” said Chris Sutton, lead director at JLL Cardiff and Chair of Central Cardiff Enterprise Zone.”When he took up this post in in 2000, Cardiff was transitioning from a maritime trade city to the financial and professional services hub which now employs 40,000 people and has an economic output in excess of £2 billion.” At the top since the turn of the millennium: Admiral chairman steps down During Lyons’ tenure he oversaw car insurance specialist’s float on the London Stock Exchange in 2004.Read more: Facebook rules sink Admiral’s insurtech plansAdmiral, which has said it could move its European business to Ireland or another country if British insurers lose their right to sell their products across Europe as a consequence of leaving the EU, said a new chairman will be elected at the firm’s AGM this Spring.Chief executive David Stevens said: “There are very few people who deserve as much credit for Admiral’s success over the last sixteen years as Alastair. He’s been everything our shareholders, and indeed our staff whatsapp Share Wednesday 25 January 2017 9:13 pm Oliver Gill whatsapp Admiral non-executive chairman Alastair Lyons will retire in April after nearly 17 years in the role. “It has been fantastic to have been on the journey with Admiral since the management buy-out, a journey which I am confident will continue to deliver sustained success,” said Lyons. The way the business has developed has been astonishing and a tribute to a great team that has created a culture that breeds innovation, the drive and ability to succeed, openness and transparency. I shall miss it, and them, greatly. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Health2021 Buicks | Search AdsIntroducing The Head Turning 2021 Buicks!2021 Buicks | Search Ads read more

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England and Wales coronavirus death toll nears 50,000

first_img The ONS said England and Wales’ overall death toll in the week to 5 June was 10,709. That is 885 higher than the previous week and 7.3 per cent higher than a five-year deaths average. Statisticians put this down to the late May bank holiday the previous week. England and Wales coronavirus death toll nears 50,000 whatsapp More to follow. Coronavirus deaths in England and Wales have hit 47,387 since the start of the year until 5 June, official data confirmed today. That contrasts with official government data yesterday that puts the overall UK death toll from coronavirus at 41,736. (Getty Images) (Getty Images) Also Read: England and Wales coronavirus death toll nears 50,000 While England’s coronavirus death toll stood at 45,432 according to the Office for National Statistics (ONS) data, the Department for Health’s number totalled 36,127 for the same period. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoBetterBe20 Stunning Female AthletesBetterBeUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndo Tuesday 16 June 2020 10:01 am The proportion of coronavirus deaths happening in care homes fell to 22.6 per cent of England and Wales’ total in the latest week. And care homes reported a fall in the proportion of deaths from coronavirus to 23.4 per cent. whatsapp Joe Curtis However, the countries reported their lowest total of Covid-19 deaths in the last nine weeks, at 1,588. (Getty Images) Also Read: England and Wales coronavirus death toll nears 50,000 Share Meanwhile, London’s number of deaths fell below the five-year average in the week to 5 June. The North West reported the highest number of Covid-19 fatalities at 250, but all English regions saw their number of Covid-19 deaths fall. Show Comments ▼ Tags: Coronaviruslast_img read more

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FDA approves TB pill that cures more hard-to-treat patients

first_img Privacy Policy About the Author Reprints In a key study, the three-pill combo cured about 90% of patients with very drug-resistant TB, usually within six months. Patients also infected with HIV, a common situation, fared as well as the other study participants. Pretomanid also appears to stop patients from spreading the deadly bacterial infection after just a few days’ treatment. TRENTON, N.J. — U.S. regulators Wednesday approved a new tuberculosis medicine that shortens and improves treatment for the hardest-to-treat cases, a worsening problem in many poor countries.It’s the first TB drug from a nonprofit group. The TB Alliance, formed to come up with better treatments, developed pretomanid with help from charities and government agencies.The pill was approved by the Food and Drug Administration for use with two other antibiotics. Decades of incomplete or ineffective treatment has resulted in TB strains that have become drug-resistant and aren’t killed by long-standard medicines.advertisement HealthFDA approves TB pill that cures more hard-to-treat patients Newsletters Sign up for Daily Recap A roundup of STAT’s top stories of the day. Worldwide, TB kills about 1.6 million people annually. It spreads through droplets when someone sick with TB sneezes or coughs. TB attacks the lungs and sometimes other organs. Leave this field empty if you’re human: Until now, the best option cured about two-thirds of patients, took 18 to 30 months and required up to eight kinds of shots and pills. Many patients die or don’t finish treatment, according to TB Alliance CEO Mel Spigelman.advertisement Associated Presscenter_img Comparing the Covid-19 vaccines developed by Pfizer, Moderna, and Johnson & Johnson Tags government agenciesinfectious diseasepatientspharmaceuticals Please enter a valid email address. Pretomanid was approved for use with Zyvox and Sirturo, two other antibiotics used for the toughest cases. The three drugs, which have little known resistance, attack tuberculosis in different ways. Potential side effects include liver damage, nerve pain, and an irregular heartbeat.The new combo could help over 75,000 patients per year, mostly in India, China, Indonesia, South Africa, and Nigeria, Spigelman said. The FDA is the first regulator to approve pretomanid, though there aren’t many severe cases in the U.S. The FDA’s action should bring quick approval in countries where it’s endemic.The alliance will work with the World Health Organization to speed adoption of the treatment in those countries. The alliance is contracting with multiple generic manufacturers to make pretomanid and keep it affordable.— Linda A. Johnson The TB drug pretomanid was approved by the FDA Wednesday. TB Alliance via AP Trending Now: By Associated Press Aug. 14, 2019 Reprintslast_img read more

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With biotech funding at ‘all-time high,’ Scorpion scoops up $162 million

first_imgBiotech Just over two months after announcing its debut with $108 million in funding, Boston startup Scorpion Therapeutics said Thursday it has raised an even larger amount of venture capital.Scorpion, which focuses on “precision medicine” for cancer, said it has completed a $162 million funding round, bringing the biotech’s total venture haul to about $270 million. It’s a large amount for a new company that so far has kept much of its work under wraps, and a sign that the region’s early-stage biotech industry is vibrant, despite the pandemic. By Anissa Gardizy — Boston Globe Jan. 7, 2021 Reprints [email protected] STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. GET STARTED Anissa Gardizy — Boston Globe What is it? Unlock this article — plus daily coverage and analysis of the biotech sector — by subscribing to STAT+. First 30 days free. GET STARTED Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Adobe Log In | Learn More About the Author Reprints What’s included? With biotech funding at ‘all-time high,’ Scorpion scoops up $162 million @anissagardizy8 Tags biotechnologyBostondrug developmentSTAT+last_img read more

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Fitch affirms BMO’s ratings

James Langton Keywords Credit ratingsCompanies Bank of Montreal Adapting brokerage sector looks stable for 2020, Fitch says New acquisition bolsters climate risk capacity for Moody’s Banks impacted by court ruling on oil well cleanups, Moody’s says Related news Fitch Ratings has affirmed its ratings on Bank of Montreal, citing the bank’s solid capital position, diverse franchise, and sound financial fundamentals. The bank’s long-term issuer default rating is affirmed at ‘AA-‘, and the outlook is stable. The rating agency notes that net income increased in each of BMO’s three principal business lines last year (personal & commercial banking, private client, and BMO Capital Markets). Its liquidity position “remains comfortable”, it says, with a large portion of total assets in cash and liquid securities. BMO also enjoys a solid, diversified funding base. The ratio of gross impaired loans to loans “continues to compare well internationally although it is at the high end amongst the major Canadian banks”, Fitch notes, adding that impaired loan levels have trended down over the past year. “Overall, credit metrics have benefited from a supportive domestic retail lending environment where housing starts, home sales, and property prices have remained at relatively favorable levels,” it says. Moreover, Fitch notes that BMO’s exposure to Portugal, Italy, Greece, Ireland and Spain is quite low. Exposure to other Eurozone countries and the rest of Europe is higher, it says, but Fitch believes it is manageable. On the capital front, it says that BMO’s earnings generation capacity should help it meet the Basel III minimum Tier 1 common equity ratio of 7% before the initial implementation date in early 2013. “BMO’s ratings also benefit from Canada’s strong economic and regulatory environment, as well as a stable domestic banking market,” it adds. Share this article and your comments with peers on social media Facebook LinkedIn Twitter read more

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IIROC issues guidance on underwriting due diligence

first_img Keywords Investment dealersCompanies Investment Industry Regulatory Organization of Canada Hearing for failed PACE Securities execs set for 2021 In the wake of corporate scandals such as Sino-Forest, securities regulators are reminding brokers of their due diligence obligations when it comes to underwriting securities offerings. The Investment Industry Regulatory Organization of Canada (IIROC) Thursday published revised guidance for dealers that, it says, “is designed to promote consistency and enhanced standards” for underwriting due diligence. The guidance sets out the elements of the due diligence process; the types of policies and procedures dealers need; and, the required supervisory and compliance framework. Related news Court appoints counsel for investors in PACE Securities wind-upcenter_img Facebook LinkedIn Twitter “Due diligence is, by its nature, a fluid and evolving process. It should be customized to be relevant to the particular issuer, the industry in which it operates and the type of security being offered,” the guidance notes. And, it stresses that due diligence should not simply become an exercise in checking boxes. Regulators have, in the past, found instances of inadequate underwriting due diligence that has resulted in investor harm. Notably, the Ontario Securities Commission’s (OSC) review of emerging market (EM) issuers, in the wake of the collapse of Sino-Forest and other EM firms, found an, “apparent ‘form over substance’ approach to compliance with applicable standards for due diligence practices, and a lack of rigor and independent-mindedness,” the IIROC guidance points out. It notes that the OSC stressed that underwriters should participate in the offering process for emerging market issuers with a “healthy amount of scepticism regarding management claims.” “[Dealers] should, therefore, perform due diligence with an open and questioning mind,” it says. The guidance also notes that the level of due diligence varies depending on the type of deal. For example, it says that initial public offerings and reverse take-overs typically require more due diligence than secondary offerings; that offerings by smaller and/or infrequent issuers also often require more due diligence than offerings from larger, more active firms; and, that equity offerings may require more attention than investment grade debt or highly-rated preferred share deals. Moreover, when it comes to foreign issuers, the guidance notes that dealers also have to “understand the political and cultural environment in which the issuer operates, local business practices … [and] local laws.” Firms also have to deal with differences in time zones, and language and/or cultural barriers that may affect the quality of the due diligence. “It is important that any red flags be followed up on and escalated to senior investment banking professionals,” it says. The guidance was developed in consultation with the industry, including dealers with specific expertise in the venture market, and a public comment process earlier this year. “Capital-raising is essential to a vibrant economy and the professionals who facilitate this important activity play an important role in maintaining fairness and efficiency, and fostering confidence in capital markets,” said Andrew Kriegler, IIROC president and CEO. Share this article and your comments with peers on social media Octagon Capital dismissed by IIROClast_img read more

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MSCI appoints new country manager for Canada

first_img PenderFund names new SVP for investments Share this article and your comments with peers on social media Faiola is based in Toronto. “Canada is a growing and important market for MSCI and over the last 10 years we have developed longstanding relationships with our clients there,” says Jay McNamara, managing director and head of Americas client coverage for MSCI, in a news release. “With Francesco in place as country manager, we aim to continue meeting the needs of our Canadian clients and increase our local presence.” Faiola joined global indexing and analytics firm MSCI as vice president in 2004 in France. In 2013, he relocated to Toronto to lead the relationships with Canadian asset owners and consultants using MSCI Analytics, after covering a similar role for The Netherlands, United Kingdom, Denmark and Southern Europe. Faiola started his career with the global custody business of J.P. Morgan & Company in Brussels, and he spent seven years at Moody’s Investors Services in London and Paris. Photo copyright: niloo138/123RF James Langton Related news Computershare to acquire exempt market business of Canadian Western Trust niloo138/123RF TD getting new head of private wealth, financial planning Keywords Appointments CETFA elects new board leader New York City-based MSCI Inc. announced on Wednesday it has appointed executive director Francesco Faiola to country manager for MSCI in Canada. Facebook LinkedIn Twitterlast_img read more

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WFP cuts refugees’ food rations in Rwanda as funding declines

first_imgWFP cuts refugees’ food rations in Rwanda as funding declines WFPKigali – Today, the World Food Programme (WFP) announced it would reduce food assistance to refugees in Rwanda by a dramatic 60 percent, as of March 2021. Some 135,000 Burundian and Congolese refugees in camps in Rwanda rely on humanitarian assistance to meet their basic food needs each month. “This is a desperate situation and, without an immediate response from donors, we simply have no choice but to reduce our assistance to the refugees,” said WFP Country Director Edith Heines. “While WFP appreciates the support received so far, we are urgently appealing to donors to quickly come to the aid of the refugees and provide additional funding so that we can return to full rations and avoid any prolonged negative impacts.”WFP provides refugees with a monthly cash transfer to buy food in local markets. Each person receives RWF 7,600 (US$ 7.72) under a full ration allocation, which provides the basic foods to meet minimum nutrition requirements for that person.WFP requires US$9 million to avert ration reductions from March through June 2021, and US$20.6 million to continue full assistance to refugees throughout 2021. If no new funding is received, deeper reductions will be necessary in the coming months.Despite the reductions, WFP will maintain full rations of targeted nutrition support to refugees identified as particularly vulnerable, such as children under two years, schoolchildren, and pregnant and nursing mothers, as well as people living with HIV and tuberculosis patients under treatment. A total of 51,000 refugees including 37,000 schoolchildren are being assisted.This comes at a time when many refugees have been particularly hard hit by the impacts of the COVID-19 pandemic. WFP data from June and November 2020 noted an increased reliance on external aid among refugees since the onset of the pandemic.Ration reductions are likely to cause widespread food insecurity and potentially lead to increased tensions within the refugee community. In late 2017 through mid-2018, WFP was forced to reduce rations by twenty-five percent due to funding shortfalls. A WFP survey in 2018 found that as a result the percentage of refugee families with poor household eating habits doubled.In 2021, the United Nations Refugee Agency (UNHCR) and WFP are jointly moving towards needs-based humanitarian assistance instead of the current blanket assistance for refugees. This exercise will further allow scarce donor resources to be prioritized for the most vulnerable. The strategy will also strive to create more access to livelihood opportunities for refugees.“This new approach will allow us to prioritise funding and focus on those refugees who need our help the most,” said Heines. “But in order for it to be successful, the refugee operation must be fully supported at this critical stage to ensure we have the support of the refugee community as we transition to this new way of programming.”The Comprehensive Refugee Response Framework (CRRF) outlines a commitment of the international community to meet the immediate humanitarian needs of the refugees to ease the burden on Rwanda. Additional support is needed to support the host government and its goodwill and to not undermine developmental gains. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Burundi, community, Congo, developmental, Government, HIV, Humanitarian, nutrition, operation, resources, Rwanda, treatment, tuberculosis, U.S., United Nations, WFPlast_img read more

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North East St. Catherine Farmers get Support from MP and EU

first_imgRelatedNorth East St. Catherine Farmers get Support from MP and EU RelatedNorth East St. Catherine Farmers get Support from MP and EU North East St. Catherine Farmers get Support from MP and EU AgricultureSeptember 13, 2010 Advertisementscenter_img RelatedNorth East St. Catherine Farmers get Support from MP and EU FacebookTwitterWhatsAppEmail About 100 farmers in the communities of Top Mountain, Guys Hill and their environs in North East St. Catherine, are to benefit from a $47 million European Union (EU) funded banana rehabilitation agricultural project, Member of Parliament, Gregory Mair, has disclosed.The project, which he says is a partnership, is expected to help farmers previously engaged in banana cultivation, as well as other stakeholders impacted by the industry’s fall-out which resulted in an economic downturn within the sector, to identify alternative crops which can offer them a sustainable livelihood.The EU project is expected to include, among other things, greenhouse technology, which has also been incorporated into the $6 million Top Mountain Protected Agriculture Cluster and Training Centre project, in which four farmers are currently participating.The Top Mountain project is being funded from Mr. Mair’s Constituency Development Fund (CDF). The MP says it is expected to complement what currently obtains at Top Mountain.Speaking with JIS News following a tour of the Top Mountain project with Agriculture and Fisheries Minister, Dr. Christopher Tufton, on Thursday (September 9), Mr. Mair explained that the EU project, which was launched in April, aims to encourage targeted stakeholders to embrace the greenhouse technology, while pointing to other attendant activities.“They are in the procurement process for the greenhouses. What they are doing is drip irrigation.they are also (providing) training (in) other forms of techniques, even in open field. So it’s a comprehensive programme,” he outlinedMr. Mair said it is hoped that the beneficiaries will relay the knowledge they have acquired to their colleagues, “so it will be a catalyst to a new way of doing farming”.“The whole idea is that when this programme is finished, in a year’s time, we will bring about the aspect of coordinating all the farmers with the retailers, the marketing aspect; so that we can have a flow from the farmer straight into the market,” he stated.He said he was extremely grateful to EU for their support to the farmers, who have been dislocated by the change in the policy as far as banana is concerned, worldwide, and is looking forward to better times for the farmers of North East St. Catherine.“We want the paradigm shift to occur, and (for them to) realize that we want to bring about 21st century agriculture, which is fitting right into the vision of the present government and our Minister of Agriculture, Dr. Tufton,” Mr. Mair added.The Agriculture Minister pointed out that several government-driven greenhouse projects have been implemented across the island, and that there are a number of private entities which have also come on board.“So it’s safe to say that, in terms of this particular technology, it is catching on and becoming more a norm than an exception; which is a very positive development,” Dr. Tufton said.last_img read more

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Gov. DeSantis appoints four to JNCs

first_img Jun 07, 2021 Top Stories Gov. Ron DeSantis recently made four appointments to Florida’s judicial nominating commissions.11th Circuit Judicial Nominating CommissionPedro M. Allende previously served as deputy assistant secretary for Infrastructure, Risk, and Resilience Policy at the U.S. Department of Homeland Security. He received his bachelor’s degree, master’s degree, and law degree from the University of Florida. Allende is appointed for a term ending July 1, 2023. Jesus M. Suarez is a partner at Genovese, Joblove & Battista, P.A. in Miami. His practices include the areas of business litigation, bankruptcy, and governmental law. He received his bachelor’s degree from the Loyola University Chicago and his law degree from the University of Florida. Suarez is appointed for a term ending July 1, 2024.13th Circuit Judicial Nominating CommissionPedro F. Bajo, Jr., is a partner at Bajo Cuva Cohen Turkel, P.A., in Tampa that specializes in all aspects of trial and appellate law. Bajo previously served as the 13th Circuit Judicial Nominating Commission chair from 2009 to 2010 and as a member from 2006 to 2010. He received his bachelor’s degree from the Southern Methodist University and his law degree from Florida State University. Bajo is appointed from a list of nominees submitted by The Florida Bar for a term ending July 1, 2024.17th Circuit Judicial Nominating CommissionCamille Coolidge Shotwell owns a law firm, Coolidge Law Group, P.A., that specializes in commercial real estate and family law in Ft. Lauderdale. She received her bachelor’s degree from Western Carolina University and law degree from Nova Southeastern University College of Law. Shotwell is appointed for a term ending July 1, 2024.center_img Gov. DeSantis appoints four to JNCslast_img read more

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