FCMB Group Plc (FCMB.ng) listed on the Nigerian Stock Exchange under the Financial sector has released it’s 2010 annual report.For more information about FCMB Group Plc (FCMB.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the FCMB Group Plc (FCMB.ng) company page on AfricanFinancials.Document: FCMB Group Plc (FCMB.ng) 2010 annual report.Company ProfileFCMB Group Plc is a financial services institution offering products and services for the commercial, corporate and institutional sectors in Nigeria and Europe. The company’s core portfolio is focused on investment banking, asset management, commercial banking, corporate banking, personal banking, institutional banking and treasury and financial markets. The company also offers services for stockbroking, trusteeships, micro-lending and asset and cash management. FCMB Group Plc was founded in 1977 and its head office is in Lagos, Nigeria. FCMB Group Plc is listed on the Nigerian Stock Exchange
Soap & Allied Industries Limited (SAIL.mu) listed on the Stock Exchange of Mauritius under the Building & Associated sector has released it’s 2016 interim results for the third quarter.For more information about Soap & Allied Industries Limited (SAIL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Soap & Allied Industries Limited (SAIL.mu) company page on AfricanFinancials.Document: Soap & Allied Industries Limited (SAIL.mu) 2016 interim results for the third quarter.Company ProfileSoap & Allied Industries Limited is engaged in the production, distribution and sale of laundry, household cleaning, and personal care products in Mauritius. Within the company’s production line there are household cleaners for kitchens, bathrooms, floors, walls, beauty soaps, perfumed and non-perfumed bleaches to clean, disinfect, and deodorise, cosmetics that include shampoos, hair conditioners, shower gels, liquid soaps, liquid soap refills, custom made soaps for hotels and resorts, and dishwashing liquids offered. The company offers contract manufacturing services for retail chains as well and exports its product internationally, to countries that include, Comoros, Kenya, Madagascar, Mayotte, Reunion, Seychelles, South Africa, and Zimbabwe. Soap & Allied Industries Limited is listed on the Stock Exchange of Mauritius.
Yetu Microfinance Bank Plc (YETU.tz) listed on the Dar es Salaam Stock Exchange under the Banking sector has released it’s 2020 interim results for the third quarter.For more information about Yetu Microfinance Bank Plc reports, abridged reports, interim earnings results and earnings presentations visit the Yetu Microfinance Bank Plc company page on AfricanFinancials.Indicative Share Trading Liquidity The total indicative share trading liquidity for Yetu Microfinance Bank Plc (YETU.tz) in the past 12 months, as of 3rd June 2021, is US$37.9474 (TZS80K). An average of US$3 (TZS6.67K) per month.Yetu Microfinance Bank Plc Interim Results for the Third Quarter DocumentCompany ProfileYetu Microfinance Bank Plc is a microfinance bank in Tanzania, providing financial products and services to unbanked and under-banked communities. The company offers solidarity group loans for clients in an organised group, as well as loans for individuals, students, mixed farming and smallholding farmers and small-and-medium enterprises. Yetu Microfinance Bank also offers financial services for international and domestic money transfers and payments, and mobile banking and ATM services. Its deposit products comprise compulsory (collateral) savings and voluntary deposits. Yetu Microfinance Bank has branches in Mzizima, Mbagala Ifakara, Zanzibar, Kilwa and Mngeta. Yetu Microfinance Bank Plc is listed on the Dar es Salaam Stock Exchange
Our 6 ‘Best Buys Now’ Shares 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. Enter Your Email Address Why NIO’s share price has fallen Image source: Getty Images. 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. 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. Edward Sheldon has no position in any shares mentioned. The Motley Fool UK owns shares of and has recommended Tesla. 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. Edward Sheldon, CFA | Wednesday, 24th February, 2021 | More on: NIO “This Stock Could Be Like Buying Amazon in 1997” Shares in Chinese electric vehicle (EV) manufacturer NIO (NYSE: NIO) have underperformed over the last few weeks. Back on 10 February, NIO shares were changing hands for just under $65. Yesterday, however, the stock fell as low as $41.70. That represents a fall of about 36% in just eight trading sessions.So, why has NIO’s share price experienced such a dramatic collapse? Let’s take a look at what’s going on.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…Why has NIO’s share price crashed?One reason NIO’s share price has declined recently is that growth stocks, as a whole, have pulled back on rising inflation worries.Many investors are concerned that inflation is set to rise in the months ahead and this resulted in a sharp rise in long-term bond yields. Over the last month, for example, the 10-year US Treasury Note yield has jumped from about 1.04% to 1.35%. Higher long-term yields lower the present value of future company earnings, reducing the appeal of owning high-growth stocks. NIO certainly isn’t the only growth stock to decline. Many other popular growth stocks across sectors such as technology, renewable energy, and cannabis have also experienced double-digit declines over the last few weeks.Electric vehicle stock bubbleThe electric vehicle sector seems to have been hit particularly hard in the sell-off. This is not so surprising as valuations in the sector were very high. Recently, I noted that NIO was valued at more than $2 million per car sold last year. Some analysts have been concerned that the sector is in a bubble.It’s worth noting that rival Tesla has also experienced a sharp pullback. Its share price has dipped from around $880 to around $699 since late January. That represents a decline of more than 20%.Similarly, SPAC Churchill Capital Corp IV – which recently merged with EV maker Lucid Motors – has also experienced a sharp pullback. Yesterday, its share price fell nearly 40%.Looking at these share price declines, it appears that some of the heat is coming out of the EV sector.NIO shares are up 1,000%+ in a yearFinally, it’s worth noting that NIO stock has had an incredible run over the last year. Even after the recent share price fall, it’s still up more than 1,000% over the last 12 months.After that kind of share price rise, it’s quite normal to see a bit of profit-taking. I imagine that with the shares now pulling back a little, plenty of investors are taking some profits off the table to lock in their gains.Some investors are probably also moving money into beaten-up stocks that could benefit from the reopening of the global economy.Growth stock sell-off In conclusion, NIO’s recent share price fall doesn’t seem to be anything to do with the company itself. There have been no worrying announcements since the company posted its January 2021 delivery update on 1 February. It seems the stock has simply been caught up in the growth stock sell-off/switch into ‘reopening’ stocks.NIO investors can expect to learn more about the company’s recent progress when it reports its fourth-quarter and full-year 2020 earnings after the US markets close on Monday. See all posts by Edward Sheldon, CFA Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!
Save this picture!© David Barbour+ 25Curated by Paula Pintos Share Year: Projects United Kingdom Photographs: David Barbour Manufacturers Brands with products used in this architecture project The Flax Mill House / T.A.P.Save this projectSaveThe Flax Mill House / T.A.P. “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/952475/the-flax-mill-house-tap Clipboard Photographs “COPY” The Flax Mill House / T.A.P. 2020 Area: 120 m² Year Completion year of this architecture project CopyHouses•United Kingdom Manufacturers: Russwood, ADW glazing ArchDaily Houses Lead Architect: CopyAbout this officeT.A.P.OfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookUnited KingdomPublished on December 04, 2020Cite: “The Flax Mill House / T.A.P.” 03 Dec 2020. ArchDaily. Accessed 10 Jun 2021.
Coal miners in Harlan County, Ky., have won a historic victory for more than 1,000 workers fired in July by the bankrupt Blackjewel coal company. In an unusual bankruptcy settlement, the Harlan County miners, as well as others in Kentucky, West Virginia and Virginia, were awarded $5.47 million in wages the company owed them. Usually workers fired by bankrupt companies get little or nothing. The miners are still owed millions in vacation pay, retirement and health insurance claims.Blackjewel miners and supporters watch a train engine leave without its load of coal. To prevent the entrance or exit of coal trains, they occupied the railroad tracks.This victory was not at all based on the generosity or good will of a federal judge, but solely on the willingness of the Harlan County miners to fight back against Blackjewel. These miners had no union to back them — in fact, there are no union miners left in Kentucky. What the workers did have was the backing of family, friends and communities surrounding the shutdown mines. And because of social media, their struggle was broadcast around the U.S. and the globe.A few days after the July 29 firings, Blackjewel, along with CSX railroad, tried to move a $1 million coal train off mine property. Miners heard about this brazen act, and five of them, connecting through social media, went to and stood on the tracks as the train bore down on them. Warned by company security guards that if they didn’t allow the train through, guards would call the cops and have them arrested, the angry miners stayed on the tracks. When the Harlan County Sheriff’s Department came, followed by the Kentucky State Police, the miners agreed to move — not off, just farther down the tracks.The miners took photos, texted and called fellow miners, family and friends. As supporters by the carload arrived, the miners kept saying they would leave, but only moved farther down the tracks. Finally, a crowd of people stood on the tracks. The cops pulled back. By nightfall, supporters brought food and water. Then camp chairs appeared and tents were pitched right on the tracks. Campers built fires, barbecue grills were unloaded, and local musicians came and played. Cots and bedrolls were set up, and the first night a more than 60-day occupation began. A few days later, the miners allowed CSX to move its empty locomotives out of the area, leaving 100 overflowing coal gondolas stranded.Like hundreds and thousands of fed-up non-union workers, such as those at Amazon, Wayfair, Uber and Lyft, and fast food workers striking for a living wage, these coal miners showed that a militant, determined fightback, along with global community support, will win victories — “Til every battle’s won,” as the old labor song, “Which Side Are You On?” goes.Lewis (she/her) is a retired member of Food and Commercial Workers (UFCW) Local 400.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
Indiana Boer Goat ClassicIndiana Boer Goat Classic Indiana Milk Quality Professionals, Inc.Milk Quality Conference Indiana Guernsey Breeders AssociationHoosier Classic Sale SHARE American Dairy Association Indiana, Inc.Dairy Princess Program The Indiana State Department of Agriculture has completed another round of grants to promote livestock growth in the Hoosier state. Fifteen non-profit organizations received a total of $89,500, down from the prior year total of $155,000. Livestock Program Manager Kimmi Devaney explained one of the recipients is Indiana Pork and their biodigester study aimed at helping producers interested in that form of manure management.“This particular project will work with producers and financing entities to determine what the needs of both sides are and how to maximize the chances that digesters would be able to be financed. If producers want to put in a digester they’re pretty much on their own as far as putting together a proposal, maybe they would work with a consultant, but this would hopefully streamline it a little bit more for them.”The Indiana Dairy Producers received two grants, including one for the Kentuckiana Dairy Exchange.“Which is a collaboration between Indiana dairy producers, Purdue Extension and also the University of Kentucky Extension. Every year they get all the producers in Indiana and Kentucky together for a great opportunity to learn from each other and see different types of facilities. I’ve been on the tour a few times myself and it’s just a wonderful opportunity to not only network but learn a lot as well. this year it’s going to be in southern Indiana so they’re looking for more opportunities to expand what’s available to Indiana dairy producers.”Ted McKinney, Director of ISDA added, “Livestock is an important segment of Indiana agriculture. The projects selected represent those that will have the greatest impact and we are excited to partner with these organizations to further promote and develop the livestock industry.”The 2016 round of grant applications will be announced in the fall of this year, and Devaney says there could be an emphasis on innovation for future grants. Facebook Twitter Purdue UniversityAquaculture industry tour Daviess County Economic Development Foundation, Inc.Southern Indiana Grazing Conference Indiana State Board of Animal HealthDairy & Poultry Buyers Guide Printing Indiana Dairy ProducersKentuckiana Dairy Exchange Southwestern Hanover FFAExpansion of Community Calf Project Indiana State Poultry AssociationPoultry industry economic impact study Turkey Market Development CouncilMoms choose turkey’ campaign Facebook Twitter State Awards Livestock Promotion Grants 2015 Grantee NameProject By Andy Eubank – Feb 17, 2015 SHARE Indiana Dairy ProducersSummer Tour Sullivan FFAWabash Valley Youth Classic SWAG TeamPromotion activities for Washington Co. Farmers & Merchants Fair Home Indiana Agriculture News State Awards Livestock Promotion Grants Scott Co. 4-H Livestock Committee4-H Livestock Workshop Indiana PorkBiodigester study Previous articleDonnelly Gets Firsthand Look at Indiana Ethanol ProductionNext articleIndiana Weather Forecast 2/18/2015 Andy Eubank
Reporters Without Borders voiced alarm at Bahrain’s decision announced on 24 April 2005 to oblige all websites dealing with the country to register with the ministry of Information. “This does not happen in any democratic country and is a threat to press freedom,” the organisation said.Announcing the step, the information ministry said websites had six months from 2 May to register. The ministry’s head of press and publications, Jamal Dawood, who drew up the administrative act, told Reporters Without Borders, “This is not a repressive step. On the contrary it is intended to protect people running websites, who in future will be able to protect their rights of authorship.””Registration will be automatic and no-one will be turned down whatever the content.” The name, address and telephone number of site administrators would be required on registration. It would be free and there would be no need for any financial guarantees.Dawood admitted that he did not know what a weblog was, but said that even personal websites would have to comply with the new procedure. He added that it would not be possible to register online and registration would have to be done directly at the information ministry. After each registration was validated, the person in charge would receive an ID number that would have to be posted on the site.”Many online publications, such as forums or weblogs, allow Internet-users an easy means of posting an article or remarks,” Reporters Without Borders pointed out. “The demand for a single administrator to be named for each website is therefore completely inappropriate for the Internet.” “This decision will intimidate online editors and push them into cutting back on their publication’s interactive aspects”, the organisation added. Mansur Al Jamri, editor of the Bahraini daily Al Wasat told Reporters Without Borders that the measure was a “double-edge sword”.”It is to be expected that defamation and insult should be banned on the Internet,” he said. “However the information ministry’s action could jeopardise freedom of expression. Website editors and forum moderators will become 100 percent responsible for the content of the site, in the same way as a newspaper editor.”– April 26, 2005 – Updated on January 20, 2016 Reporters Without Borders denounces press freedom threat in website registration News RSF_en to go further Reporters Without Borders voiced alarm at Bahrain’s decision announced on 24 April 2005 to oblige all websites dealing with the country to register with the ministry of Information. “This does not happen in any democratic country and is a threat to press freedom,” the organisation said. March 17, 2021 Find out more BahrainMiddle East – North Africa Follow the news on Bahrain News June 15, 2020 Find out more German spyware company FinFisher searched by public prosecutors News Tenth anniversary of Bahraini blogger’s arrest October 14, 2020 Find out more Organisation Help by sharing this information BahrainMiddle East – North Africa News Coronavirus “information heroes” – journalism that saves lives Receive email alerts
Previous articleMark English is the pride of LetterkennyNext articleLacey back in training ahead of semi final admin 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Man arrested in Derry on suspicion of drugs and criminal property offences released Dail hears questions over design, funding and operation of Mica redress scheme Twitter Google+ By admin – August 19, 2014 Twitter RELATED ARTICLESMORE FROM AUTHOR WhatsApp Pinterest Mayor calls for united front as campaign for Magee expansion intensifies Facebook WhatsApp Facebook The Mayor of Derry has called on the city’s politicians and partners to present a united front in the campaign for the expansion of Magee College in Derry. It follows indications 10 days ago that the Minster for Employment and Learning, Stephen Farry, was shelving for the foreseeable future proposed plans to develop the local campus of the University of Ulster.Councillor Brenda Stevenson called a special meeting of the City’s Strategy Board at Derry’s Guildhall last night, which was attended by local politicians and community leaders.Speaking to Highland Radio News this morning, Cllr Stevenson, who is Co-Chair of the Board, said there needs to one civic voice in relation to the expansion of Magee, and that startegy is already having a positive effect on the debate…………….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/08/brendamagee.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest Dail to vote later on extending emergency Covid powers News Google+ HSE warns of ‘widespread cancellations’ of appointments next week PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal
Top StoriesExemption Clauses In Insurance Contracts Are To Be Construed Against Insurer In Case Of Doubt : SC [Read Judgment] LIVELAW NEWS NETWORK15 April 2020 7:18 AMShare This – xIn a notable judgment in a motor accident compensation case, the Supreme Court applied the well-settled principle that exemption of liability clauses in insurance contracts are to be construed against the insurance company in case of ambiguity.Based on this principle of contra proferentum, a bench comprising Justices R F Nariman and S Ravindra Bhat restored the liability of New India…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIn a notable judgment in a motor accident compensation case, the Supreme Court applied the well-settled principle that exemption of liability clauses in insurance contracts are to be construed against the insurance company in case of ambiguity.Based on this principle of contra proferentum, a bench comprising Justices R F Nariman and S Ravindra Bhat restored the liability of New India Assurance Company Ltd to pay compensation of roughly Rs 37.6 lakhs and interest thereon with respect to a motor vehicle accident which took place twenty three years ago.The deceased in the case was one Dr. Alpesh Gandhi, an ‘honorary’ ophthalmic surgeon at the Rotary Eye Institute, Navsari. He died in an accident while travelling in a mini-bus owned by the Rotary Eye Institute, which was caused due to the negligent driving of the driver of the mini-bus.The main issue in the appeal before the Supreme Court was whether Dr. Gandhi should be treated as a regular employee of the Rotary Eye Institute or an independent professional giving service on contract.The liability of the insurer was dependent on this question. Because, as per the insurance contract, the insurer was not liable for claims with respect to those under the employment of the Rotary Eye Institute.The insured in the case, the Eye Institute, had paid additional premium as per IMT-5 endorsement, as per which the insurer was liable to pay compensation for bodily injury as sustained by any passenger other than a person in the employ of the insured coming within the scope of the Workman Compensation Act,1923.If the doctor was held to be employee, there would be no coverage as per the insurance contract.The Motor Accidents Claims Tribunal held the insurer to be liable after holding the employment arrangement between the doctor and the hospital to be a “Contract For Service” as opposed to a “Contract Of Service”.In the appeal by the insurer, the High Court took a contrary view. Challenging this, the claimant, the widow of Dr. Gandhi, approached the SC.”The vexed question that arises for consideration is as to whether Dr. Alpesh Gandhi could have been said to have been in the employ of the Respondent No. 3 on the date of the accident, as a result of which the limitation of liability provision in favour of the Respondent No. 1 as set out hereinabove would kick in”, observed the SC. Firstly, the bench examined the contract between Dr.Gandhi and the Eye Institute to see whether it would be a “Contract For Service” or “Contract Of Service”.A “Contract Of Service” implies a master-servant relationship, and a “Contract For Service” suggests a relationship between equals on professional terms.After examining a catena of decisions explaining the tests for determining a “Contract For Service”, the Court concluded that Dr. Gandhi cannot be treated as a regular employee of the Eye Institute.”The terms of the contract make it clear that the contract is one for service, and that with effect from the date on which the contract begins, Dr. Gandhi shall no longer remain as a regular employee of the Institute, making it clear that his services are now no longer as a regular employee but as an independent professional”, the Court observed.The contract entered into between the parties is one between an Institute and an independent professional, the bench said.At this juncture, the Court applied the contra proferentum principle to state that the exclusion clause has to be construed against the insurer.”Even otherwise, it is well-settled that exemption of liability clauses in insurance contracts are to be construed in the case of ambiguity”, the bench observed.The judgment quoted from precedents such as Industrial Promotion & Investment Corpn. of Orissa Ltd. v. New India Assurance Co. Ltd. (2016) 15 SCC 315, United India Insurance Co. Ltd. v. Orient Treasures (P) Ltd. (2016) 3 SCC 49, General Assurance Society Ltd. v. Chandumull Jain (1966) 3 SCR 500, which explained the principle.Where there is ambiguity in the policy the court will apply the contra proferentem rule. It means that ambiguity in the wording of the policy is to be resolved against the party who prepared the contract.The Court quoted from General Assurance Society Ltd. v. Chandumull Jain (1966) 3 SCR 500 as follows :””in a contract of insurance there is requirement of uberrima fides i.e. good faith on the part of the assured and the contract is likely to be construed contra proferentem, that is, against the company in case of ambiguity or doubt””.In the light of this, the Court observed :”assuming that there is an ambiguity or doubt, the contra proferentum rule referred to hereinabove, must be applied, thus making it clear that such “employment” refers only to regular employees of the Institute, which, as we have seen hereinabove, Dr. Alpesh Gandhi was certainly not”.Case DetailsTitle : Sushilaben Indravadan Gandhi and another Vs The New India Assurance Co Ltd and OthersCase No : Civil Appeal No. 2235 of 2020Bench : Justices R F Nariman and S Ravindra BhatAppearances : Vikas Kochar for appellantClick here to download judgmentRead JudgmentSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. 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