University Press (UPL.ng) HY2019 Interim Report

first_imgUniversity Press (UPL.ng) listed on the Nigerian Stock Exchange under the Printing & Publishing sector has released it’s 2019 interim results for the half year.For more information about University Press (UPL.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the University Press (UPL.ng) company page on AfricanFinancials.Document: University Press (UPL.ng)  2019 interim results for the half year.Company ProfileUniversity Press Plc (UPPLC) publishes, prints, markets and distributes books in Nigeria for the education and general reading sectors. Educational books cover curriculum titles for the pre-primary, primary, junior, senior secondary and tertiary sectors. The company also produces material for teacher training, research categories and general reading as well as dictionaries, encyclopedias and language and cultural publications. University Press Plc was founded in 1949 and formerly known as Oxford University Press Nigeria. The company started publishing and printing indigenous titles in 1963 when it came out with the first ever local educational publication in Nigeria. Today, University Press Plc is the oldest publishing house in Nigeria exporting to a broad selection of countries in the rest of Africa. Its company head office is in Ibadan, Nigeria. University Press Plc is listed on the Nigerian Stock Exchangelast_img read more

3 embarrassingly cheap shares that I’d invest in

first_img Our 6 ‘Best Buys Now’ Shares Even with the stock market recovering well from its steep March fall, there are opportunities for savvy investors to pick up shares that are still very cheap.A discount on a range of companies and assetsOne such share I think is Temple Bar Investment Trust (LSE: TMPL) which has a dividend yield of over 7%. On top of that, the discount to net asset value is around 10%. This is a great combination and makes the shares great value in my opinion.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The trust has a gearing of around 13.3% which is higher than some other similar trusts and this does add some risk, especially when the market falls.  At the end of March, the trust had Royal Dutch Shell and Barclays and RBS as its third, fifth, and sixth biggest holdings respectively. It’ll be interesting to see if that’s changed in light of dividend cuts.13.3% of the trust is in cash with further hedges provided by 2.9% being in physical silver and gold. The heavy weighting towards big UK companies at a time of dividend cuts is slightly concerning, but for now, I think the big cash position should see it through.The limping asset managerJupiter Fund Management (LSE: JUP) combines a yield of 7.5% with a price-to-earnings ratio that is under eight. This indicates to me that the shares are very cheap.Jupiter is looking to scale up its business by buying growth. In February Jupiter agreed to acquire Merian Global Investors for £370m. It has since stated the deal will go ahead despite the economic uncertainty at the moment.Both asset managers have been hit by outflows which makes the deal challenging but Merian does have margins of around 50% which is very high, even in this industry. Merian will also boost earnings per share from 2021 as well which is good for management and shareholders.This isn’t a business that’s firing on all cylinders, but that gives it the potential to recover from a low base. I think the shares look cheap and could be worth a look, especially with a long-term mindset.Relying on squeezed marketing budgetsWPP (LSE: WPP) is one of those businesses that suffers during a downturn. But assuming any economic downturn isn’t too long-lasting I expect it offers value at the current depressed price. I’m tempted to pick up more of the shares.That’s because the P/E is now under eight, which puts it on a very similar level to Jupiter. What that shows is many investors are fearful for the future. But if management can keep slimming the business down and further cut debt, while keeping the agencies in the business performing well, then I’m optimistic about WPP’s future.Conventional wisdom is that companies should reduce marketing spend during a recession. However, there is academic evidence that actually it might be the best time to spend and gain market share, as less well-financed competitors struggle. If enough companies take this view, WPP could do well and for now, the shares are embarrassingly cheap.  I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Andy Ross owns shares in WPP. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. 3 embarrassingly cheap shares that I’d invest in Image source: Getty Images. Andy Ross | Tuesday, 12th May, 2020 | More on: JUP TMPL WPP See all posts by Andy Rosslast_img read more

On the picket line

first_img15Now in Philadelphia. Photo: 15now.orgProtesters demand $15 minimum wage in PhillyPhiladelphia, named the poorest big city in the U.S. by a recent census report, has become the latest city to discuss a $15-an-hour minimum wage. On March 4 more than 150 workers, activists and faith leaders, organized by 15NOW, packed Philadelphia City Hall to urge officials to legislate against poverty wages. Dozens of low-wage workers testified before the City Council about the urgent need to raise the minimum wage, which is a paltry $7.25 in Pennsylvania. Despite a state law that makes it illegal for cities to raise minimum wages locally, supporters are hoping that such a resolution will trigger a legal and legislative challenge to the state. (Eyewitness report from Scott Williams)Papa John’s delivery workers in NYC to get $2.1 million in back pay A New York County Supreme Court judge on March 3 ordered the owner of five Papa John’s restaurants in the Harlem section of Manhattan to pay out more than $2.1 million in back pay and damages to hundreds of delivery workers. The court found that franchisee New Majority Holdings and owner/operator Ronald Johnson consistently paid workers less than the minimum wage, stole workers’ wages and illegally withheld overtime. This judgment comes less than a month after a New York court ordered another Papa John’s franchisee to pay out almost $800,000 in back pay for stolen wages. Luis Juarez, a worker at a Manhattan Papa John’s restaurant, urged more workers to stand up against wage theft, stating, “I ask my colleagues not to remain silent against injustice, and to demand payment for the hard work they do.” (ag.ny.gov, Mar. 5)Senate Republicans move to block pro-union regsThe U.S. Senate voted on March 4 to block a newly enacted National Labor Relations Board regulation which reduces the amount of time workers have to wait between signing union cards and holding union elections from a median of 38 days to 11. The regulation, which was first reported by Workers World on Dec. 28, is designed to prevent companies from using  worker intimidation to influence union elections. The House of Representatives is expected to follow the Senate in blocking the regulation, but President Barack Obama has vowed to veto the block and uphold the NLRB ruling. (RHrealitycheck.org, Mar. 5)Women’s economic status: mostly worse or same after 10 yearsThe study “Status of Women in the States: 2015,” published in March by the Institute for Women’s Policy Research, reports that women workers’ economic status has gotten worse or stayed the same in almost half the 50 states and the District of Columbia over the last 10 years. The IWPR used four indicators to evaluate women’s economic status based on full-time, year-round work: the percentage of women in the workforce, the number of women in professional or managerial positions, women’s median yearly earnings, and the gender wage gap. Women constitute the majority of the low-wage workforce, while higher paying technology and engineering jobs remain dominated by men. White women are paid on average 22 cents less than white men, or 78 cents, though the gap increases for women of color, with Latinas earning the least. The gap is closed for women in unions by almost 50 percent, or 10 cents. Women workers in the Northeast and mid-Atlantic states fared the best, while those in Southern states fared the worst. Based on current statistics, the survey estimates the wage gap will not close entirely until the year 2058. (RHrealitycheck.org, Mar. 12) That means we need to make some real changes mighty soon!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Capitalism means the working class is working poor

first_imgThe U.S. Bureau of Labor Statistics released its most recent jobs report July 5, citing 224,000 “new jobs” added, with “notable” gains in professional and business services, transportation and warehousing, and health care. (tinyurl.com/yyy3bk5x)The New York Times touted the report as “good news for workers,” and the Boston Herald celebrated: “Trump economy continues to roll.” But those newspapers are mouthpieces for different currents of the capitalist owning class. Ironically, the BLS has recently stopped reporting printing production jobs, such as those in newspapers. (tinyurl.com/y66nuowx)Other research — from the Urban Institute, the Organization for Economic Co-operation and Development and elsewhere — reveals the truly dire situation of the working class in the U.S., which capitalism is pushing deeper and deeper into economic crisis. Despite an official economic expansion across the U.S. that surpassed the 1990s boom, 40 percent of U.S. working-class residents say they find it difficult to pay their bills. (tinyurl.com/yxppvsfd)Their costs for health care, education and housing are increasing, while their wages look to take a turn for the worst. Their debts have been increasing. Renting homes is now a more affordable option than owning a house — not only in urban areas. Some, who make up this 40 percent, report barely being able to scrape by. When a tragedy hits, like the death of a loved one, daily life becomes unaffordable, and the working poor fall behind on their bills.The present economic expansion in the U.S. has been weaker than previous ones, with its “benefits” distributed far more unevenly. Roughly half of gross domestic product growth from 2009 to 2015 went to the top 1 percent of households. (Emmanuel Saez, “Striking it Richer: The Evolution of Top Incomes in the United States”)The Great Recession of 2008 is still impacting people. One reason many cannot pay their bills now is because they have never been able to recover from that economic crisis. Families of color and households that earn less than $60,000 annually are the groups least likely to have recovered. Furthermore, the BLS report shows that almost 6 million workers have either quit searching for a job, are unable to find one or cannot secure full-time work.The unemployment rate, at about 3.6 percent, does not include people who have searched extensively for work and failed to find a job, or those who have quit searching altogether due to various factors. And the government’s rates exclude those who do not receive unemployment insurance but do include military enlistees.The current “low” unemployment rate is not a true portrait of the crisis in the working class. For instance, unemployment rates for Black people are nearly double the rates for white people. In 2018, it was reported that the unemployment rate for disabled workers was more than twice that of nondisabled workers.Workers who are part of the LGBTQ2S+ community do not have protection from discrimination in workplaces across 28 states. These workers, especially trans and gender-nonconforming people, are more likely to be unemployed than straight and/or cisgender people.The number of working-class people living paycheck to paycheck, the number of workers who can’t find full-time work or any job at all, the super-high unemployment rates in communities of color — all expose the true state of working people in the U.S. far more reliably that the recent BLS report.   FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Indian minister asked for progress report on journalist’s murder

first_img March 3, 2021 Find out more Follow the news on India IndiaAsia – Pacific Reporters Without Borders wrote today to the Indian home affairs minister, Sushilkumar Shinde, requesting information about the status of the investigation into the death of the Global News Network journalist Pawan Kumar in the north-western city of Hardoi on 13 August.“We should like to know if the investigation by your department has led to an arrest,” the letter said.“Have your inquiries determined the exact circumstances of the tragedy and established whether Pawan Kumar was killed because his work had angered the drug traffickers?“If this was the case, it would impinge on freedom of information in India. We urge the Indian authorities to treat the matter with the utmost seriousness and to do all they can to get to the bottom of it, thus reassuring journalists that such crimes will not go unpunished.” Kumar, accompanied by his cameraman Uttam Singh, was working on a report on the drug mafia. He was following a car occupied by drug dealers he believed were about to make a delivery. The driver noticed Kumar was following them, got out of the car and shot him after an altercation.The Indian police said later they had identified the driver and launched an investigation.Reporters Without Borders points out that two journalists had previously been killed in India this year — Chandrika Rai, who worked for the Hindi daily Navbharat and the English-language newspaper The Hitavada, on 18 February, and Rajesh Mishra of the Hindi-language weekly Media Raj, on 2 March. RSF_en News Photo: MANPREET ROMANA / AFP Receive email alerts Organisation April 27, 2021 Find out more IndiaAsia – Pacific to go further News August 23, 2012 – Updated on January 20, 2016 Indian minister asked for progress report on journalist’s murder Help by sharing this information News RSF demands release of detained Indian journalist Siddique Kappan, hospitalised with Covid-19 In rural India, journalists face choice between covering pandemic and survival News India: RSF denounces “systemic repression” of Manipur’s media June 10, 2021 Find out morelast_img read more

Volcanic features and hydrological setting of Southern Thule, South Sandwich Islands

first_imgThis paper provides new observations of volcanic features and hydrological characteristics in and around Southern Thule, the southernmost group of islands in the South Sandwich Islands, including the first high-resolution bathymetric image of the Douglas Strait caldera. The South Sandwich Islands are the summits of several very large subduction-related volcanoes constructed at the eastern boundary of the Scotia Sea. Observations of the islands are scarce owing to their remote location and they are only rarely visited, yet the area is an active volcanic are that is rapidly changing as a result of eruptions, including one (on Montagu Island) that has been ongoing for six years and is creating new land. The three islands that make up Southern Thule are morphologically different, and they illustrate different stages in the construction and evolution of islands in the South Sandwich group. We present the results of an acoustic and hydrogmphic survey that resulted in the first high-resolution, multibeam ‘swath’ image of the submarine Douglas Strait caldera. The results confirm the presence of a large sediment mound (c. 1000 m(3) in volume) on the floor of the Douglas Strait caldera related to a flank collapse of Thule Island. The image also shows an extensive arcuate fault structure, interpreted as evidence that the caldera is nested, and its geomorphological freshness suggests that it is a very young feature that formed conceivably in the last few decades or centuries. The bathymetric image also reveals at least three cone- or mound-like structures within the caldera that may relate to renewed post-caldera volcanism (as pyroclastic cones and/or pillow mounds). Recently formed cones and faults associated with caldera rims are often associated with hydrothermal activity. However, temperature and salinity data collected within the caldera do not yet show any evidence of hydrothermal venting. The ocean surrounding Southern Thule has a prominent surface layer of low salinity water that is probably caused by a high meltwater flux derived from ice caps on the islands. This flux may have been enhanced by the recent wan-ning trend observed in the Antarctic Peninsula, although volcano-related geothermal melting in the ice-filled Thule Island caldera may also contribute to the meltwater flux.last_img read more

Countrywide reveals significant branch closures and headcount reductions in latest results

first_imgHome » News » Agencies & People » Countrywide reveals significant branch closures and headcount reductions in latest results previous nextAgencies & PeopleCountrywide reveals significant branch closures and headcount reductions in latest resultsCost cutting measures have helped company’s turnover and profits reductions slow but most performance dials have dimmed.Nigel Lewis31st July 201903,995 Views Countrywide has revealed another set of poor results in its half-year update published today, and admitted for the first time that it has been closing branches and cutting staff numbers.The company has tried to make the best of the results which, although they show losses and turnover reductions slowing, still reveal huge challenges for the business in the coming months.One highlight of the report is that the company has once again regained its top position in market share for property sales, overtaking Purplebricks after reaching 8.4% of all listings.But otherwise the results show most dials dimming over the past six months.Homes exchangedCompared to the same period last year total income is down by 4% and adjusted EBITDA by 60% as exceptional item costs continue to affect the company’s results, while all of its activities saw income drop including homes exchanged (-2%), letting income (-2%) properties under management (-2%) and B2B (-5%).Countrywide has been hit particularly hard in its lettings division, where exiting landlords have reduced stock by 12% and listings by 10%, while the tenant fees ban reduced income by 2%.In light of the results, Countrywide says it has been reducing costs including closing loss-making branches, reducing staffing levels at other branches and cutting marketing spend. The company spent £1.3 million on redundancy costs during the first six months of the year.“The fundamental changes we have made to our business in the last 18 months are beginning to bear fruit,” says Peter Long, Executive Chairman (left).“Our register and pipeline of agreed sales is healthy and we continue to rebuild market share, re-establishing our market-leading position across both sales and lettings. The market, however, remains weak, affected by political and Brexit uncertainty.”The company’s stock price reduced significantly yesterday in expectation of these results, dropping by 15% to 4.5p a share.branch closures half year results Peter Long Countrywide July 31, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

“IS IT TRUE” SEPTEMBER 25 2018

first_imgIS IT TRUE we wonder when the silent majority of Vanderburgh County is going to rise up and challenge the “good old boy’s political network” in Vanderburgh County? IS IT TRUE at last night City Council meeting Justin Elpers, Dan McGinn and John  Hayden who voted “no” on an amendment to give “SWIRCA And More” an additional $50,000 from the 2019 budget?  …this amendment passed Council by a 6 to 3 vote?  … that Eplers, McGinn, and Hayden predicts that other non-profit groups will be coming before City Council and ask them for additional taxpayer dollars to cover their financial shortfalls in 2019?  …our opinion is that they may be spot on? IS IT TRUE that the Councilmen Justin Elpers and Jonn Hayden amendment to the 2019 Budget to pay down Hospitalization debt was tabled at last nights City Council meeting?  …that City Council received a verbal commitment from the Winnecke Administration that a large portion of the Hospitalization debt will be paid off at the end of 2018?  …all we can say about this “is seeing is believing”?IS IT TRUE it looks like members of Evansville City Council has once again allowed members of the Winnecke Administration to continue to kick the budget deficit down the road? IS IT TRUE members of the Vanderburgh County school board were elected to be “good stewards of the public trust” and not the stewards of the Superintendent of Schools? Todays READERS POLL question is: Do you feel its time for the taxpayers of this community to start holding our public officials accountable for their bad business decisions.Please take time and read our newest feature articles entitled “LAW ENFORCEMENT, READERS POLL, BIRTHDAYS, HOT JOBS” and “LOCAL SPORTS” posted in our sections.  You now are able to subscribe to get the CCO daily. FacebookTwitterCopy LinkEmailShare IS IT TRUE every time we see a Chris Kiefer, Andy Guarino, and Rance Ossenberg political signs in a supporter yard we also see a Mike Duckworth for County Commissioner next to them? IS IT TRUE at last nights City Council meeting the acting Director of Echo Housing give his normal “Everything at Echo Housing Is Wonderful” speech? …he announced that ECHO Housing has a new Board of Director member but forgot to tell City Council who this person is? …if he ever decides to leave Echo Housing we know he could do well in the used car business? If you would like to advertise in the CCO please contact us at City-County [email protected] We hope that today’s “IS IT TRUE” will provoke honest and open dialogue concerning issues that we as responsible citizens of this community need to address in a rational and responsible way? IS IT TRUE recently that an endorsement and solicitation letter was recently mailed to potential voters asking them to vote for three EVSC board incumbents?  …   the author of this letter identifies six (6) extremely well known civic leaders signed this letter and urge you to vote for Andy Guarino, Chris Kiefer, and Rance Ossenberg?   …that the names of the six (6) individuals that signed the endorsement and financial solicitation letter were: Bob Jones-CEO at Old National Bank; Linda White-Newburgh Resident and Community Volunteer; Harold Calloway-President of USI Board of Trustees; Brian D. Hancock-ONI RIsk Partners; Brad Ellsworth-Community Volunteer and Patrick A. Shoulders-EVSC Legal Counsel?IS IT TRUE the author of the above letter also asks that you send your checks for the above School Board members to Supporting Strong Schools, Post Box 916, Evansville Ind., 47706?  …we are told that address of Supporting Strong Schools, Post Box 916, Evansville Ind., 47706 is the law offices of Ziemer, Stayman, Weitzel, and Shoulders?  …we wonder if this political action committee is registered with the local County Clerks office?  …that candidates for schools board offices don’t have to file a campaign finance report unless they receive more than $500 from political contributions or make more than $500 in expenditures? IS IT TRUE we would like to point out to the Supporting Strong Schools political action committee that there are 8 very well qualified individuals running for EVSC School board in the upcoming November general election?  …they are: District 1(Vote for 1) -Chris Kiefer and Jean Webb; District 2 (Vote for 2) -Ann M Ennis, R. Clark Exmeyer and Andy Guarino; School Board At-Large (Vote for 1)-David Hollingsworth, Melissa Moore, and Rance Ossenberg? IS IT TRUE we hear that nepotism is alive and well at the EVSC? …we are told that the EVSC Communications Department has a new hire in their mist?  …it is none other than the son of the EVSC Superintendent of Schools?IS IT TRUE we respectfully request that the incumbent school board members running for re-election (Andy Guarino, Chris Kiefer, and Rance Ossenberg) attend future debate events of school board candidates?  …we are told that the public would like to know what they have done during this year to correct the 7 EVSC elementary schools from receiving an “F” rating in the coming year?last_img read more

Thomas the Baker to serve cathedral visitors

first_imgThomas the Baker has opened its latest branch in Wakefield, in the shadow of the city’s cathedral, as it hopes to capitalise on the tourist trade.Opening on Friday (7 October), it will be the bakery’s 33rd shop, and the third to open in its revamped format, which features its dark navy signage, light open-plan design, and a self-service area where customers can select their own bread, rolls and pastries, explained the firm.The bakery, which turns 30 this year, will have a life-sized gingerbread man handing out free balloons and freshly-baked gingerbread men to local children, to celebrate the opening.It will also be offering consumers a free sausage roll, when they spend over £1 in the shop, until Saturday, 29 October 2011.Thomas the Baker’s general manager Simon Thomas said: “We’ve been looking for a suitable premises in Wakefield for some time and are delighted with our new location opposite the cathedral,” he said. “Wakefield is a busy, buzzing place with quality shops and a thriving marketplace and is a very attractive place for business. Managing director John Thomas said a major factor in the company’s success was the continued loyalty of its staff, with seven of them having worked at the company since it first opened.last_img read more

Coles seeks to develop its year-round business

first_imgLuxury pudding and cake-maker Coles Traditional Foods is moving into new markets as it aims to extend its year-round business.The firm, traditionally known for making Christmas puddings, has been busy with a whole host of new product development, as well as work on rebranding, as it looks to capitalise on its Tiptree ties. Essex-based Coles was acquired by the Wilkin & Sons group, best-known for its Tiptree preserves, in September 2010.Scott Goodfellow, managing director, told British Baker: “We are looking to develop the Coles brand in two ways moving into additional Christmas products and all-year-round puddings.”Its launches include new Christmas puddings, such as a hidden mandarin pudding, and Christmas cakes. It also plans to launch a range of mince pies.In addition, the firm will introduce a Simnel cake for Easter, and a Great British Party Cake to boost its all-year-round sales, “as well as looking at other events, such as Halloween”, said Goodfellow.New twin-pack steamed puddings, to launch in September, will feature endorsement from Tiptree. Goodfellow added: “We’re also working on exports. We are now in about 20 countries around the world and we’re looking to grow that.”last_img read more