Airport sale, media refinancing and fashion moves

first_img Industrious action: City firm Taylor Wessing advised Jersey-based investment vehicle Max Property Group on acquiring the Industrious property portfolio from the receivers of the collapsed Dunedin Group for £232m. Magic circle firm Clifford Chance advised the receivers Ernst & Young, while funders EuroHypo were advised by City firm Olswang. Sports deal: City firm Herbert Smith advised sports retailer JJB Sports on a £100m share placing and the amendment of its debt facility with Royal Bank of Scotland. Financial adviser Lazard and stockbrokers Numis and Panmure Gordon were advised by City firm Ashurst, while City firm Lovells advised RBS. Media refinancing: Freshfields advised Royal Bank of Scotland, Alcentra, Bank of Ireland and Allied Irish Bank on a £530m debt restructuring for Incisive Media Group, the business magazine publisher. Debt was reduced from £230m to £110m, with the banks taking majority ownership of Incisive in a debt-for-equity swap. Magic circle firm Allen & Overy advised Incisive. Next move: National firm Eversheds advised Next on opening its German flagship store in Dresden, marking the fashion retailer’s first foray into Germany. Next has around 500 stores in the UK and Ireland and a further 170 worldwide.center_img Taking off: Freshfields, alongside City firm Herbert Smith, advised airport operator BAA on its £1.5bn sale of Gatwick Airport to infrastructure asset investment fund Global Infrastructure Partners. Magic circle firm Slaughter and May advised Global Infrastructure Partners, while magic circle firm Allen & Overy advised a consortium of banks on financing the deal. Large beer: Clifford Chance advised brewer Anheuser-Busch InBev on the $2.23bn (£1.36bn) sale of its central European operations to private equity firm CVC Capital Partners. CVC was advised by Freshfields.last_img read more

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IAS blames legal aid cuts for its collapse

first_imgThe Immigration Advisory Service (IAS) has asked clients not to attempt to visit its offices and has blamed government legal aid cuts for going into administration. IAS, the UK’s largest provider of publicly funded immigration and asylum legal advice, went into administration over the weekend. A statement now published on its website tells clients not to visit any IAS office in person, even if they have an appointment booked, because all offices are now closed for such purposes. It advises clients to seek new representatives as soon as possible, and to make their application or appeal as soon as possible. The statement says that the government’s decision to remove immigration, which accounts for 60% of IAS’s income, from the scope of legal aid has made the IAS no longer financially viable. It said a 10% cut in legal aid fees for refugees seeking asylum had also impacted badly on its revenue. The statement continues that the IAS has been in discussion with the Legal Services Commission (LSC) in an attempt to gain support for a solvent restructure of its operations. It adds that IAS has also tried to reach an agreement with the LSC for an extended period to repay monies that, ‘in common with many other firms’, had been claimed in error – partly, in IAS’s view, due to the complex funding rules in place. IAS said no agreement could be reached, and its trustees decided that they had no alternative but to place the organisation into administration. The statement says that IAS administrators will be working closely with the LSC over the next few days to ensure that appropriate arrangements are made for all of its clients. Clients are advised to monitor IAS’s website, where updates on arrangements will be posted. The statement adds that the IAS has written to all tribunals and courts asking them to deal sympathetically with applications for extensions of time in which to lodge appeals or comply with court or tribunal direction until clients find new representatives. The charity, which has been in existence for 35 years and employed 300 staff at 14 locations across England and Scotland, is known for the important legal precedent cases it has taken through the Court of Justice of the European Union, the European Court of Human Rights and other courts. IAS trustees chairman John Scampion said: ‘It is a very sad day for us all, and I would like to pay tribute to the staff who have worked diligently and professionally through what has been very difficult and trying circumstances, and to reassure IAS’s clients that everything possible is being done to protect their interests during this very difficult time.’ An LSC spokesman said: ‘The IAS’s decision to go into administration is theirs alone. ‘During recent stewardship activities LSC raised concerns around financial management and claims irregularities which prompted IAS trustees to conclude that the organisation was no longer financially viable. ‘Our priority now is to work closely with IAS and the administrators to ensure clients of IAS continue to get the help they need, whilst safeguarding public money. We are now identifying alternative advice provision in the areas affected and arrangements for case transfer will follow as soon as possible. ‘Anyone who needs immigration advice should contact the Community Legal Advice helpline on 0845 345 4 345.’ Stephen Cork and Joanne Milner of Cork Gully LLP were appointed as joint administrators to the IAS Friday 8th July.last_img read more

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WCAPN members get free access to tenders database

first_imgThe network has teamed up with Tendernews.com, a website with access to over 100,000 active and 900,000 archived international government and public sector company tenders and contracts.One hundred and fifteen delegates at the WCAPN’s recent conference in Antwerp, Belgium, were given passwords to start using the resource.”We will update the reports generated from this site daily,” said said Brian Majerus, vice president speciality networks, WCA Family.”This way you can view at your leisure and not be bombarded with e-mails”.Delegates were also told that, starting from renewal of their membership, WCAPN members would be obliged to provide evidence that they carry legal liability, and errors and omissions insurance, or they would not be allowed to renew.”The need for this is ever present in today’s world,” said Majerus.”In the world of project forwarding, with the high values of commodities members are moving, everyone should have this coverage already in place. We are just asking members to provide proof they have it. We don’t ask members to subscribe to our preferred carriers.”Delegates at the two day event were also able to quiz a panel of six specialist suppliers including, Joerg Roehl, chief commercial officer, Hansa Heavy Lift; Angus Galbraith, associate director, FP Marine Risks; Richard Smith, director-UK trading, Air Partner; Lesley Cripps, group sales manager-energy, Chapman Freeborn; Giorgio Monti,Air Charter France, Chapman Freeborn; and Alexander Schnitger from Rickmers-Linie.www.wcapn.comlast_img read more

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Tight fit for giant rotor

first_imgBefore the flight was finalised, Ruslan sent a representative to visit the shipper in China, in order to advise on cargo preparation.The cargo, which weighed a total of 116.8 tonnes with its cradle and necessary loading equipment, was one of the heaviest loads carried on an AN-124 between China and Europe, and came close to the maximum payload for the aircraft.At 14.3 m long, 4.5 m wide and 3.9 m high, the rotor was also a close fit for the aircraft’s main cargo cabin. Two mobile cranes were required to position the cargo on the loading track so that it could be winched on board the aircraft.The aircraft flew via Urumqi, China and Aktobe, Kazakhstan.  www.ruslanint.comlast_img read more

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Education ministry gives assurances amid exam and election clash

first_img 65 Views   no discussions CASTRIES, St Lucia, Thursday May 26, 2016 (Caribbean 360) – The necessary steps have been taken to ensure examinations scheduled for June 6, the same day as general elections, run smoothly without disruptions.That assurance is being given by the Ministry of Education to candidates writing the Caribbean Examinations Council’s (CXC) Caribbean Secondary Examination Certificate (CSEC) and the Caribbean Advanced Proficiency Examination (CAPE) examinations.It comes against the backdrop of the demand for answers by the National Students’ Council and others who were concerned about the clash between the examinations and the polls.In a statement on the matter, the ministry acknowledged that many educational facilities, mostly primary schools, a few secondary schools and the Sir Arthur Lewis Community College, would be used as polling stations for the general election.It noted that Chief Education Officer Marcus Edward met last Friday with secondary school principals to discuss the arrangements for the concurrence of the general election and the examinations at the affected facilities.According to the ministry, the principals had agreed that holding the two activities concurrently would not adversely affect each other.Furthermore, it said representatives of the Electoral Department and the college had made all arrangements for the sitting of the CAPE and the use of some of its buildings as polling stations.The ministry added that it has also received the blessings of the CXC for its examinations to be held simultaneously with the general election 2016. NewsPoliticsRegional Education ministry gives assurances amid exam and election clash by: – May 26, 2016 Share Tweetcenter_img Share Share Sharing is caring!last_img read more

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T&T minister gives assurances as another warning of ISIS attack emerges

first_imgNewsRegional T&T minister gives assurances as another warning of ISIS attack emerges by: Caribbean Media Corporation – May 30, 2016 Share Tweet Sharing is caring! Sharecenter_img (Photo: www.vg247.com)PORT OF SPAIN, Trinidad (CMC) – Education officials were Monday giving students assurances that their security would not be compromised as a second voicenote emerged in Trinidad and Tobago warning of an attack on secondary schools here.Education Minister Anthony Garcia has denounced the latest security threat describing it as the work of deranged minds trying to destabilise the country.He said he had been given an assurance from National Security minister that the students should not panic and that school will resume as usual on Tuesday. Monday is a public holiday here.Last week, security officials were investigating the authenticity of a recording that warned of bombings that would occur at some of the shopping malls across the island. One person has since been taken into custody after police said he had phoned in a threat last Thursday.In this latest recording, the voice warns that “there will be no CXC examinations on Wednesday and there will be no school for any secondary school students on Wednesday.“The word is that ISIS has planned to blow up the schools, so please keep your sons and daughters and nephews and grandchildren away from the schools please. This is not no joke, this is not no kicks.”The Barbados-based Caribbean Examination Council (CXC) has said that six Caribbean Advanced Proficiency Exam (CAPE) and three Caribbean Secondary Education Certificate (CSEC) exams are scheduled for June 1.Garcia said that “there will be school as usual on Wednesday and in fact for the entire week, until the end of the term.”“There will be no disruption to the CXC exams for both CSEC and CAPE students,” the education minister said, urging students and parents to “ignore that message as it was somebody with a deranged mind who is trying to instill fear in the minds of our population.“It is something we totally reject,” he said, adding “I am confident that all security measures are in place so that in the event there is any truth to these rumours, we will be prepared.” Share 92 Views   no discussionslast_img read more

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Vilsack not planning to run for Senate in 2014

first_imgAgriculture secretary Tom Vilsack recently said he won’t run for the U.S. Senate seat opening up when Democratic Sen. Tom Harkin leaves office in 2014. Vilsack will continue to serve as agriculture secretary and has not made any endorsements in the Senate race, said his spokesman Matt Paul, according to an article in the Wall Street Journal.The article also said that Vilsack’s decision not to enter the race will likely cement Democratic support around Rep. Bruce Braley. Possible Republican contenders include Iowa Reps. Tom Latham and Steve King.advertisementadvertisementClick here to read the full Wall Street Journal article, written by Kristina Peterson. PDlast_img read more

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Ohio State Back and Forth Getting Set for Indiana

first_imgNEO Sports Insiders’ OSU reporters Spencer Davies & Jeff Seemann share their thoughts on Saturday’s Ohio State matchup with Indiana. Jeff: Indiana has given the Buckeyes problems in recent years, but Ohio State has still dominated the series.  Is there any reason to fear the Hoosiers on Saturday?Spencer: There are always reasons to be a little nervous entering conference play as it is, and the fact that it’s Kevin Wilson’s undefeated Indiana Hoosiers on their home turf makes it even tougher.Through four games, they’ve already matched their win total from last year. It’s a high-powered offense led by running back Jordan Howard, who leads the NCAA in rushing with 645 yards on the season already. And with Ohio State’s defense allowing 122 yards per game on the ground, Howard could keep his pace.Indiana’s quarterback is no slouch either. In his senior year, Nate Sudfeld has impressed. He’s thrown seven touchdowns and only one pick on 61 percent completion. His main target is Ricky Jones, who’s caught three of those TD’s.It’s a confident team that’s definitely got a shot of upsetting a Buckeye team still trying to find its bearings.Spencer: Cardale Jones was solid in the first half of last week’s game against the Broncos, but he fell off a little in the second half. Which Cardale will we see this week?Jeff: Considering the Hoosiers’ defense is struggling, I would hope the good Cardale returns to us. If he can avoid the turnovers, he has an opportunity to dominate.Indiana is allowing 32 points per game on a fairly weak schedule, but that’s not what should scare Hoosier fans heading into the Ohio State game.  The fact that they are allowing 360 yards per game through the air should terrify them.  Add in another 140 yards per game on the ground, and you’re looking at a team that might put 700 yards on the board.Cardale’s biggest problem has been tough to decipher, but if the offensive line opens up holes like they should, we’ll see a return to the glory days of Cardale.  The guy is a beast when he’s bowling over defenders on his way to 15-yard carries.  Expect to see a lot of Ezekiel Elliott, too.  That should weaken the porous defense up for big things.Jeff: The defense struggled at times last week….kind of a “bend but don’t break” scheme for the Western Michigan game.  The Hoosier offense is better than WMU, so what can the Buckeyes do to get back to the powerful defense we saw in the early stages of the season?Spencer: It starts up front. The battle in the trenches has to be won, and with the Buckeyes talent on that defensive line, I don’t see why they can’t do that.It’s only been three games for him this year, but we have yet to see Joey Bosa play like the true impact player he was last season. Adolphus Washington and Tommy Schutt need to follow suit as well. If the Buckeyes can do that, they’ll be able to stop the run. In that case, the game would ultimately be decided through the air, which–with the Ohio State secondary–would be the best case scenario for Luke Fickell and Chris Ash.Spencer: After last week’s 38-12 win over Western Michigan–especially after the scare against Northern Illinois–how do you feel about the Buckeyes entering conference play?Jeff: I’m not scared or worried just yet….titles are not won in September, despite the multitude of “Ohio State is in trouble” articles pounding us daily.  Last year, we were written off as dead by this time, and we all know how that season ended.  Urban Meyer has always been great at getting his teams to peak at the right time, and I expect the same this year.That being said, I am not happy with what I have seen over the past three games.  I expect more, but I know we’ll get it.  But I am very grateful that we’re not playing the Big Ten schedule of 2012 when we opened up with Michigan State.  I think we’d be facing a loss if we had a tougher early schedule during Big Ten season.However, in order for me to get back on the happy side, I need to see improvements ASAP.  Zeke busting out for 150 yards would be a good start.  So would a big day from either Cardale or Braxton Miller.I’m not worried yet, but ask me that question again in three weeks, and we’ll see how I feel at that time.Jeff: It’s prediction time….and I haven’t been very good at this, aside from the W/L column. I’m confident in the offense, worried about the defense.  Going to go with an Ohio State win, 50-28. Barely covering the spread.Whaddya got?Spencer: Give me the Buckeyes, 38-27. It’s going to be close in the first three quarters, but then as usual Ohio State will finally start handing the ball off to Elliot and all will be fine. Related TopicsBuckeyesIndianaOhio State A graduate of the University of Akron, Spencer Davies has amassed multiple years of experience as a freelance journalist, as well as sports talk radio. Currently, he contributes to the Akron Beacon Journal and Ohio.com as a part-time beat reporter for the Akron RubberDucks, a Cleveland Indians minor league affiliate. He also writes for Indians Baseball Insider on SCOUT.com, and his works have been published on FOXSportsOhio.com and FanSided.center_img Spencer Davieslast_img read more

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Dongkrak Kunjungan Wisata, Perajut di Walhalla Buat ‘Kostum’ untuk Lokomotif Tua

first_imgKehadiran rajutan diatas lokomotif vintage ini akan berlangsung di kota bersejarah penambangan emas tersebut selama bulan Juli ini. Para perajut berharap agar pelancong yang mengunjungi kota mereka dan berfoto di depan lokomotif membagikan foto mereka ke media sosial untuk meningkatkan kesadaran dan agar terkumpul dana yang diharapkan sehingga lokomotif tua itu bisa kembali beroperasi.Walhalla sendiri berada di ngarai pegunungan terpencil di Gippsland tengah dan dulunya sangat sibuk dengan pertambangan emas. Tetapi para penambang sudah menghilang dan pariwisata menjadi jalur kehidupan baru Walhalla, sehingga penduduk berbondong-bondong meningkatkan jumlah pengunjung dengan menghadirkan lokomotif tambahan ke Walhalla Goldfields Railway.Kereta Api Queensland, Lokomotif DH 37“Kami pada akhirnya berharap untuk memperluas jalur kereta api ke Erica (kota tetangga). Untuk melakukan itu kita membutuhkan lebih banyak lokomotif dan lebih banyak kereta api. Saat ini lokomotif terbesar kami yang beroperasi hanya dapat menarik empat gerbong,” ujar Graeme Skinner seorang masinis.Untuk saat ini kereta api Walhalla Goldfields mengangkut sekitar 30 ribu penumpang per tahun dengan adanya peningkatan jumlah wisatawan. “Orang-orang hanya menyukai kenyataan bahwa kita begitu terisolasi dan ini adalah perjalanan yang indah ke ngarai,” kata Skinner.Sembilan tahun yang lalu, Goldfields Railway membeli lokomotif hidrolik diesel 1969 yang lebih kuat dan andal dari Queensland. Tetapi untuk menghidupkan mesin dari lokomotif dengan ukuran 3,6 kaki ini perlu di konversi menjadi 2,6 kaki ukuran Victoria dan bisa menghabiskan dana sekitar $230 ribu.Karena hal ini, maka para perajut di seluruh kota tersebut bersatu untuk membuat sesuatu yang bisa menarik pelancong untuk mampir atau singgah di kota mereka. Tim tersebut menyerukan media sosial untuk kelompok-kelompok rajutan di seluruh Australia untuk menyumbangkan rajutan berbentu kotak dengan ukuran 12 x 12 inchi yang dapat dijahit kembali untuk disatukan membuat selimut raksasa menutupi lokomotif.“Idenya adalah untuk membuat orang terlibat … untuk menjahit kotak bersama agar sesuai dengan lokomotif. Ini seperti menempatkan pelompat pada Little Johnny, mengukurnya sehingga semuanya masuk akal,” kata juru bicara Walhalla Goldfields Railway, Lynda George.Segera setelah peluncuran proyek Winter Woollies, ratusan kotak rajutan dan rajutan baru dan daur ulang datang membanjiri. Perajut dari Melbourne, Warrnambool, Ballarat, Jembatan Murray di New South Wales dan bahkan San Diego di AS menyumbangkan 12 kotak rajutan mereka ke tim Walhalla.Baca juga: NIS 107, Jejak Lokomotif Tertua di Indonesia Yang Terlupakan“Saya terlibat sebagai perajut benang karena delapan tahun yang lalu, saya adalah orang yang aktif sebagai guru sekolah dan saya mengalami kecelakaan. Saya menderita cedera otak yang sedang berlangsung akibat hal ini dan saya menarik diri dari dunia. Aku membutuhkan sesuatu yang lebih daripada semua hal soliter yang kulakukan di rumah,” kata koordinator proyek Winter Woollies, Rowena Milbourne. Perajut relawan Mel Beasley melakukan perjalanan dari Tyers untuk menghadiri sesi merajut hari Rabu dan suka merajut topi dan syal untuk para tunawisma. (ABC) Demi menghidupkan sebuah lokomotif tua, sekelompok perajut asal Gippsland bersatu untuk membuat rajutan yang diharapkan bisa mengumpulkan Aus$230 ribu atau Rp3,2 miliar. Rajutan ini nantinya akan dipasangkan sebagai ‘kostum’ pada lokomotif tua tersebut seperti memakaikan baju.Baca juga: “1940s Weekend Railway at War,” Cara Edukasi dan Nostalgia Sejarah Kereta ala Britania RayaRajutan ini sendiri diperkirakan sepanjang dua kilometer untuk menutupi satu lokomotif vintage di Walhalla di Timur Victoria, Australia. Dilansir KabarPenumpang.com dari abc.net.au (2/7/2019), Lokomotif yang sudah dipasangkan kain rajutan itu diresmikan pada hari Sabtu (6/7/2019) kemarin.(Railpage) Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Like this:Like Loading… RelatedPernah Beroperasi Lima Dekade di Indonesia, Lokomotif D301 59 Jadi Monumen di Stasiun Semarang Tawang29/03/2019In “Darat”Lokomotif Legendaris “Mao Zedong” Tuntaskan Perjalanan 11 Juta Kilometer09/08/2019In “Darat”Lokomotif Uap D1410, Kembali Beroperasi Jadi Kereta Wisata di Solo03/07/2019In “Darat”last_img read more

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UPDATE: CES, Kenai Fire Responded To Fully Engulfed House Fire

first_imgCES Captain Terry Bookey… FacebookTwitterEmailPrintFriendly分享Central Emergency Services and the Kenai Fire Department responded to reports of a fully-engulfed residential fire on Robinson Loop, Wednesday afternoon. Bookey: “This morning at 11:53am CES was called to a structure fire at Robinson Loop at Higher Ground. Our first arriving units from the Sterling station arrived 10 minutes later and reported a single story cabin fulled involved with fire. CES responded with two engines, three water tankers, one medic unit and three command staff for a total of 16 personnel responded. We also requested the Kenai Fire Department respond for mutual aid and they sent an engine with four personnel. The home was a total loss, and at this point the cause is undetermined pending an investigation.”center_img No one was injured in the fire.last_img read more

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