Greencore weathers tough trading period

first_imgGreencore Group, the Irish maker of sandwiches and malt, has had a tough year due to unseasonal summer weather, consumer slowdown, strong raw material inflation and a weak exchange rate, said chairman Ned Sullivan.The convenience foods division, including sandwiches, quiche, cakes and desserts, performed well in the first half of 2007, but profit declined by 16% in the critical second half, according to the company’s interim management statement last week. On a full-year basis, turnover in the division rose by 4% to €933.1m and operating profit fell by 7% to €64.4m.Managing significant food inflation has become a “key challenge for all players” in the global food industry, said Sullivan. “Our convenience foods division has been successful in working with customers to offset this impact – estimated to total 8-10% of our cost of goods.”Overall group operating profit will be hit by a weakening pound. “If the Euro/Sterling level were to continue, the translation effect year-on-year would reduce group operating profit by around €8m, and profit before tax by around €6m,” added Sullivan.The ingredients and related property division delivered operating profit of €26.6m, an increase of 372% over the previous year. The key driver was the strong recovery in its ingredients businesses, said Sullivan.last_img read more

Starbucks’ UK head steps down

first_imgStarbucks has confirmed that the head of its UK and Ireland operations has stepped down. Managing director Phil Broad has been replaced by Darcy Willson-Rymer, previously vice-president of Starbucks Europe, Middle East and Africa. Willson-Rymer’s appointment was confirmed as managing director on 8 August, effective immediately. He will report directly to Martin Coles, president of Starbucks Coffee International. A statement from Starbucks said Broad “has decided to step down for personal reasons”.“Darcy is a great appointment for the Starbucks UK and Irish business, having been a pivotal figure in the development of our EMEA business in recent years,” said Coles. “Phil has made important contributions to Starbucks UK and Ireland and we want thank him for his leadership and wish him well in his future endeavours.” “We believe that Starbucks international business will continue to be a good growth engine for the company. We have seen steady, consumer-led growth in the UK for the last 10 years and remain excited by opportunities in the UK and Irish markets,” he added.last_img read more

Holland’s unveils new branding

first_imgHolland’s Pies has revealed a brand new look to its packaging as it embarks on a year of “innovation and growth”.Rolling out to UK stores in the coming months, the branding will feature on packaging of all Holland’s ranges, including its food-to-go, pies and pastries.Developed from consumer research and industry insight, the new packaging highlights Holland’s Pies’ Lancashire heritage and sees the return of Holland’s gold logo.The company said its “deep-rooted connection to Lancashire is also celebrated through the new tagline, ‘a proper Lancashire baker’”.Leanne Holcroft, brand manager at Holland’s Pies, said that with the new branding in place, the company was perfectly positioned to build on its success.“We have a great year ahead of us, driven by ambitious growth plans and filled with some of our most exciting product launches to date,” added Holcroft.“We’ve invested heavily in the innovation and expansion of our product range and it was vital that this was reflected in our branding, without losing any of the history we share with our loyal following. We’re extremely proud to be the north’s favourite pie brand.”In March 2017, Holland’s extended its frozen range after unveiling two brand new Micro Pies.last_img read more

LOCKN’ Festival Adds Ghost Light To 2018 Lineup

first_imgGhost Light is the latest artist addition to LOCKN’ Festival‘s 2018 lineup! The highly anticipated new project from Tom Hamilton, Holly Bowling, Steve Lyons, Raina Mullen, and Scotty Zwang will perform the 1:30 pm slot on Friday, August 24, ahead of Turkuaz, Moon Taxi, Toots & The Maytals, Umphrey’s McGee, George Clinton & P-Funk, and Widespread Panic, on the Main Stage. LOCKN’ will mark their second festival appearance of the summer, following the Peach Music Festival in Scranton, PA, Ghost Note is positioned to gain some serious momentum between now and August, with a debut record and spring tour on the way!EXCLUSIVE: Tom Hamilton & Holly Bowling Talk New Band, Ghost Light, & The Grateful DeadLive For Live Music spoke to Tom Hamilton and Holly Bowling about Ghost Light and more aboard last month’s Jam Cruise. Hamilton had the following to say about Ghost Light’s forthcoming debut album (due out during the second half of 2018) and how the record will differ from the group’s live shows:What the record is going to be is not like what the live show is going to be. An album is a statement, you know? It’s a document and snapshot of a particular moment in time, so we have that hat on. But when it comes to taking that album and bringing it into the live arena, that’s when we turn ourselves back into the improvisers that we all are. We get to really see what these songs can do and where they can go and how they can change and grow—and this is with all the music that we’ll play. Whatever it is, whether it’s just the songs on the record or any other music we play, it’s all gonna be “whatever happens.” We just want to out there and try to do something beautiful and interesting every night.Ghost Light will join previously-announced artists Dead & Company (four sets over two days), Umphrey’s McGee (three sets over two days), Tedeschi Trucks Band (two sets over two days), Widespread Panic, Joe Russo’s Almost Dead (two sets over two days) Sheryl Crow, Turkuaz, Lettuce (three sets over two days, including a tribute to Jerry Garcia Band), George Clinton & P-Funk, Toots & The Maytals, Blues Traveler, Moon Taxi, Spafford, Keller Williams’ Grateful Gospel, Lukas Nelson & Promise Of The Real, Pigeons Playing Ping Pong, and The Suffers. As previously reported, LOCKN’ will be making new lineup additions every day until the complete bill is released tomorrow. You can check out the artist rollout, including set times, via LOCKN’s website.LOCKN’ returns to Infinity Downs Farm from August 23rd through 26th. Tickets for the festival will go on sale at noon EST on Friday, February 9th. For more information about LOCKN’ or for ticketing, head over to the event’s website here. Check out the most recently updated schedule below, with more announcements to come.last_img read more

Dell Technologies Partner Leaders Share 8 Trends for 2020

first_imgFrom AI and multi-cloud to business transformation and diversity, Dell Technologies’ channel leaders dish on their expectations for the first year of the data decade.As we finalize plans for our upcoming financial year in February, my channel leadership team and fellow partner colleagues are talking a lot about our expectations for the new year.This isn’t the first new decade I’ve embarked upon here at Dell. As we planned for 2010, I led Global Strategy and Planning for our Large Enterprise Business Unit, and as we prepared for Y2K, I was the director of Service Parts Planning in Dell’s America’s Service Delivery organization. I vividly remember the teams who worked alongside me, and the trends we explored as we entered the last two decades.While the trends have obviously changed a lot over the past 20 years, one thing that hasn’t changed is the need to have the right partners by our side, all aligned to the same goals and strategy. With that in mind, my channel leadership team and I have put together our top eight channel trends of 2020, as informed by our partner community.1. We Evolve as Partners Adopt New Business ModelsGregg Ambulos, Senior Vice President, North America Channel SalesThe rapid introduction of new, sophisticated infrastructure and application solutions is upon us as emerging technologies hit their stride. Information technology is becoming more specialized, not standardized, requiring both Partners and OEMs alike to build expertise. Because of this, there is a shift is happening across the partner ecosystem, blurring the lines between partner types. For example, solution providers are now beginning to put together their own solutions, breaking into the OEM space, and systems integrators are focusing more on cloud. As partners continue to break into new spaces and realize the profound impact that AI, IOT and security technologies will have on business, we will continue to evolve how we provide opportunities for meaningful top and bottom line growth.2. The Channel Embraces Social ImpactCheryl Cook, Senior Vice President, Global Partner MarketingHaving a Corporate Social Responsibility program and doing good is becoming increasingly important to our customers. I think we’ll see an explosion of partners both embracing our program, and creating their own, and it will help drive sales. Our partners are looking to do more, and we have an amazing opportunity to work together on social impact projects. Our leadership in this area is a huge differentiator with our recently announced 2030 Progress Made Real goals. We have resources our partners can leverage today to tell our story, and I have personally had partners ask me about how to start their own women’s initiatives, like our Women’s Partner Network.Jim DeFoe, Senior Vice President, Global DistributionI expect to see diversity & inclusion initiatives become more mainstream in 2020. More and more, channel partners are recognizing that diversity and inclusion initiatives will not only help solve some of our society’s deepest challenges, but also help build and empower a stronger, more productive workforce for the future.3. Multi-Cloud Becomes Table StakesScott Millard, Senior Vice President, Specialty Sales, Global Channels, Alliance and OEMThe partner ecosystem is seeing more frequent partnerships with hyperscalers rather than direct competition. Leveraging different clouds for different applications can have enormous upside, but it can also create massive complexity and slow the decision-making process. Whether just beginning the multi-cloud journey or seeking to optimize it, partners are becoming an ever more important part of customers’ multi-cloud plans. At Dell Technologies, we are helping partners provide solutions that span all locations through Dell Technologies Cloud with VMware Cloud Foundation.Anwar Dahab, Senior Vice President, EMEA Channel SalesIn 2020, the infrastructure for digital transformation will continue to be multi-cloud and hybrid cloud. No customer is considering a 100% public cloud strategy. Instead we see a repatriation of certain workloads and applications running on multiple clouds for cost, performance, scalability, regulatory and security reasons. Partners who have the skills to migrate applications and design, implement and maintain multi-cloud environments will continue to win. Partners who can make multi-cloud consumable on demand will win even more.4. Multi-Cloud Becomes Go-To GTM ModelJay Snyder, Senior Vice President, Global AlliancesIt will be a Multi-Cloud world for customers as they look to unlock the power and flexibility of technology to drive their digital and strategic agendas. Determining workload placement and how to design an IT environment for business success will be critical for customer success, and nobody is better equipped to deliver on this vision than System Integrators. Once defined, Service Providers will be key by offering both managed on-premise and off-premise private clouds as well as serving as a broker to the public cloud when the workload warrants it. What used to be accidental due to multiple teams leveraging many clouds, multi-cloud will become an intentional strategy driven by workloads and cloud-native applications. This will be the go-to-market approach customers want, and our partners are primed and ready to enable customers on this journey.5. Demand for Flexible Consumption Models AcceleratesTian Beng Ng, Senior Vice President, APJ Channel SalesWe can expect to see accelerating demand for new, more flexible consumption models in 2020. With the rise of multi-cloud, the IT industry is experiencing massive change, disruption and transformation, and that is putting closer scrutiny on customer and partner finances. This impacts how partners are selling and delivering solutions to their customers and how we support them. With Dell Technologies Cloud, we can help our customers achieve their cloud ambitions. Combined with flexible consumption offerings enabled by Dell Financial Services, this represents significant opportunities for our channel partners.6. Artificial Intelligence, Analytics Spending Grows SignificantlyAlvaro Camarena, Senior Vice President, Latin America Channel SalesAnalytics spending is forecasted to grow significantly in the coming years. We can attest to that growth not only in the behaviors we’re seeing with partners and customers, but also with the processes and improvements we’re making here within the Dell Technologies Partner Program. As we continue on this journey, our partners can count on us to continue investing in AI to empower their customers’ digital transformations and to simplify the way we work together.7. Generic Offerings No Longer Cut ItHayley Tabor, Vice President, Global IndustriesAs customers look to differentiate themselves, they’re looking for real solutions that allow them to use their IT capabilities to innovate their business within their specific industry. They want trusted expertise and deep knowledge of how their industry works. Generic offerings no longer cut it for customers in highly-specialized sectors like healthcare, energy, retail and surveillance. It takes dedication to industry-specific demands with a focus on innovation to win the trust of customers and ultimately drive innovation across a multitude of industries.8. The Journey To 5G ContinuesBryan Jones, Senior Vice President & General Manager, OEM | Embedded & Edge Solutions5G will spawn new business models that will see billions of devices consuming and generating data like never before. This transformation will not happen overnight. Instead, it will be a gradual journey toward a complete architectural evolution. Now as the network architecture evolves, it will be critical for service providers and equipment manufacturers to rethink their partnerships and procurement models. And, as the essential infrastructure provider, Dell Technologies is set to drive the 5G transformation.Partners: We want to hear from you! Tweet us your 2020 predictions.last_img read more

USS Halsey Completes PASSEX with Guatemalan Navy

first_imgBy U.S. Naval Forces Southern Command/U.S. Fourth Fleet August 07, 2020 The Arleigh Burke-class guided-missile destroyer USS Halsey (DDG 97) participated in a passing exercise (PASSEX) with Guatemalan Navy Quetzal Landing Craft Utility (LCU) BL-1601, July 28.PASSEXs are unit exercises requiring cooperation, communication, and interoperability between two or more navies, testing advanced ship maneuvering and tactics. It affords the opportunity to improve crews’ knowledge and demonstrate shared tactics.“The PASSEX provides an opportunity to strengthen military-to-military relations as well as demonstrate the commitment we all share in promoting maritime security in this region,” said U.S. Navy Commander DeVere Crooks, USS Halsey commanding officer.The PASSEX gave each ship the opportunity to guide the other in a series of coordinated division tactical maneuvers using a flag hoist.“The exercise was tremendously successful and mutually beneficial,” said Cmdr. Crooks. “We proved that we can operate together at sea. It was a great learning experience and an honor to have an opportunity to work with the Guatemalan Navy.”The USS Halsey conducted a brief stop to refuel in Puerto Quetzal, marking the first time in over two years that a U.S. Navy warship has visited Guatemala.USS Halsey is deployed to U.S. Southern Command area of responsibility to support Joint Interagency Task Force South’s mission, which includes counter illicit drug trafficking in the Caribbean and Eastern Pacific.U.S. Naval Forces Southern Command/U.S. Fourth Fleet supports U.S. Southern Command’s joint and combined military operations by employing maritime forces in cooperative maritime security operations to maintain access, enhance interoperability, and build enduring partnerships in order to enhance regional security and promote peace, stability, and prosperity in the Caribbean, Central and South American region.last_img read more

Economists argue for tax on trades to make the financial sector more helpful

first_imgTwo reports published Thursday by progressive think tanks back a financial transactions tax (FTT), arguing that such a tax on trades could make the financial sector more helpful to all Americans.“If the tax is dedicated to funding higher education, as some have suggested, this would amount to transferring resources from the financial sector to the education sector,” Dean Baker, co-director of the Center for Economic and Policy Research, wrote in a report published by The Century Foundation. “This is likely to be a far more productive use of those resources.”Similarly, a report from the Economic Policy Institute (EPI) argues that “through generating tax revenues, decreasing the fees Americans pay on their investments, and shrinking unproductive parts of the financial sector, an FTT would help Wall Street work for Main Street.”The papers were released after the Democratic Party adopted a platform endorsing a FTT “to curb excessive speculation and high-frequency trading.” The platform also states that there is room for Democrats to have varying views on a broader FTT.During the Democratic primary, Bernie Sanders supported a broad FTT to pay for free tuition at public colleges, and Hillary Clinton backed a tax on high-frequency trading. And earlier this month, Rep. Peter DeFazio (D-Ore.) introduced legislation that would tax most trades at a rate of 0.03 percent.Baker said that an FTT could raise more than $105 billion a year and said that the full amount of the tax would be borne by the financial industry rather than individual stock holders. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

What’s changing with Reg CC?

first_imgRecently, the Federal Reserve released changes to Regulation CC (Reg CC) intended to reflect an industry-wide transition to an electronic, image-based check collection and returns environment. These final modifications take effect July 1, 2018.Highlights from the Reg CC changes include:Reg CC to Cover Electronic Checks. Images of an original paper check are now included in Reg CC. They will be treated the same as original paper checks.Electronic Check Warranties. New warranties were created that apply to the exchange of electronic checks. The transferring bank warrants that check images accurately represent information on the front and back of the original check. Additionally, the warranty affirms that there’s no duplicate payment of the electronic check.Indemnity for Duplicate Payment from Remote Deposit Capture (RDC). This new indemnity protects a depository bank that received as unpaid a paper check deposit after the check was previously deposited by RDC at another depository bank. Under this indemnity, the depository bank accepting the original paper check is able to recover a loss from the depository bank receiving the item through RDC. continue reading » 31SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

House set for NDAA vote, monetary policy hearings this week

first_img continue reading » Several pieces of legislation will be on the House floor this week, and a number of hearings will cover matters of interest to credit unions. Among other bills, the House is expected to vote on the National Defense Authorization Act (NDAA) for Fiscal Year 2020.The House Armed Services Committee passed the NDAA in June without CUNA-opposed language extending to banks the rent-free access to military bases that credit unions are eligible for. CUNA has called for the rejection of any language in the NDAA that would expand the Department of Defense’s (DoD) authority to exempt financial institutions from certain costs on military installations.The Senate version of the NDAA, which passed June 27, includes language to expand this exemption to banks that meet similar membership standard to those placed on credit unions seeking these exemptions, which CUNA opposes. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Sign of appreciation: Local families launch Project Gratitude to thank essential workers, raise money for hunger

first_imgMoreria, Webb, and Zevan say they have raised more than two thousand dollars in just the first four days. They say that two thousand dollars is enough to purchase six thousand meals. And they stress that they aren’t done yet. “The essential workers on their way to work get to see them and understand the appreciation the community feels for their sacrifice every day,” added co-founder Stacey Webb of Apalachin. Organizers say the good that comes from the signs is very much two fold. “The sign cost is twenty dollars, we do a hands free delivery with all proceeds benefiting The Food Bank of the Southern Tier,” Webb said. “Anything over that twenty dollars goes into our bucket fund where we can do random acts of kindness for essential workers, partner with other local organizations.” The signs are part of a local effort to join a national movement selling yard signs thanking essential workers while giving the proceeds to a local charity. If you’d like to get involved you can visit the groups website or their Facebook page to order a sign,center_img “Hopefully by showing our gratitude we can make them smile and keep them motivated knowing we’re all behind them.” said co- founder Felicia Moreria of Endicott. (WBNG) — Three local families are hoping to blanket the Southern Tier with lawn signs thanking essential workers for the sacrifices they make on behalf of the community, while using the proceeds to provide food for those in need. “I just thought this is such a cool concept and a cool idea and I think we can bring that here and I’d love to do that,” she said. “As word gets spread around we hope that we can blanket the community with these signs. We’d love to be able to go take walks or go for a drive with our families and see them,” Moreria said. Locally it’s called Project Gratitude 2020 and proceeds go to the Food Bank of the Southern Tier. Moreria says she first saw the idea on news report and got friends Stacey Webb and Jodie Zevan of Owego on board right away. last_img read more