Virgin Australias financial results for second half 2014

first_imgVirgin Australia Holdings Limited today reported its financial results for the second half of 2014, and the airline also has posted an Underlying Profit Before Tax of AUD$10.2 million for 2015 so far.Virgin Australia Group chief executive officer John Borghetti, said that Virgin Australia Group’s results for the first half of the 2015 financial year reflect a significant improvement in financial performance spawning from the second half of 2014.“This has been driven primarily by the Group’s continued progress in driving yield growth in the domestic market and the disciplined execution of our five-year $1 billion cost reduction program, both of which are central parts of the Virgin Vision strategy. The Group has succeeded in driving domestic yield growth despite ongoing subdued consumer sentiment which continues to impact overall demand,” Mr Borghetti said.Virgin Australia Group saw a benefit of approximately AUS$3 million from the decline in oil prices in comparison to the first half of the 2014 financial year, which reflects an adverse variance of approximately $4 million in the first quarter of the 2015.Virgin Australia Velocity Frequent Flyer program also saw growth in the second half of 2014 reaching 4.8 million members.Tigerair Australia delivered an improvement in financial performance, recording a AUD$6.7 million reduction in Loss Before Tax on the prior corresponding period and achieving profitability in the second quarter of the 2015 financial year.“Strengthening our balance sheet is a key priority and the business achieved a strong total cash position of $1.1 billion in the first half of the 2015 financial year, up from $783.8 million at 30 June 2014.”“Our people and their willingness to go above and beyond for our customers remains central to our ability to differentiate the Virgin Australia Group in the market. I would like to thank each and every one of our team members for their dedication to our business and to the successful execution of the Virgin Vision strategy”, Mr Borghetti said.Source = ETB Travel News: Lewis Wisemanlast_img read more

Air Serbia partners with Abacus

first_imgAir Serbia has announced that its schedules and fares will be made on Abacus’ Global Distribution System in Asia Pacific as part of a new partnership.Travel agents using Abacus solutions at over 20,000 locations will be able to book the 40 European, Mediterranean and Middle Eastern routes operated by Air Serbia.Air Serbia chief executive officer Dane Kondić, said the partnership marks an important step in growing Air Serbia’s footprint in Asia Pacific.“By improving the booking processes through Abacus agents, Air Serbia will significantly expand its distribution potential in this important region, bolstering its global positioning,” Dane Kondić said.Abacus vice president airline distribution Ho Hoong Mau, said the move to a direct connection with Abacus gives Air Serbia much wider visibility.“With Belgrade an important gateway into Europe, we anticipate an early ramp up in sales for this ambitious and collaborative carrier. We wish Air Serbia and its partners every success,” Ho Hoong Mau said.Source = ETB Travel News: Lewis Wisemanlast_img read more

Hilton Worldwide appoints new VP in Asia Pacific

first_imgHilton Worldwide has named Joanna Ong as new vice president of corporate communications in Asia Pacific.Ms Ong will be based in Singapore, and will oversee internal and external communications strategies for Hilton Worldwide and its portfolio of brands in Asia Pacific.Ms Ong has more than 18 years of experience in communications, joining Hilton Worldwide from Carlson Rezidor Hotel Group where she was vice president of public relations and communications for the Asia Pacific region.Her previous roles include senior corporate affairs manager at Standard Chartered Bank and communications manager Asia Pacific with InterContinental Hotels Group.A Singaporean national, Ms Ong holds a Bachelor’s Degree in Arts, majoring in Communications Studies & Comparative Literature, from Murdoch University in Western Australia.“Hilton Worldwide has tremendous growth trajectories in Asia Pacific and it is exciting to be part of it. I look forward to working with the team to further enhance the reputation of Hilton Worldwide and engage our stakeholders to drive stronger business results,” Ms Ong said.Hilton Worldwide president Asia Pacific Martin Rinck, said Hilton is very excited to welcome Joanna Ong to the team.“I am delighted that Joanna has joined our Asia Pacific leadership team. She is a seasoned communications leader, bringing with her strategic communications experience which will be key in the development and implementation of communications strategies in support of our growth in Asia Pacific.”Source = ETB Travel News: Lewis Wisemanlast_img read more

Ethiopian wins African Cargo Airline of the Year Award

first_imgEthiopian wins African Cargo Airline of the Year AwardEthiopian Airlines, the largest cargo operator in Africa, has been awarded the African Cargo Airline of the Year Award during the 2017 Air Cargo Africa Conference held in Johannesburg from 21st to 23rd February 2017.Air Cargo Africa 2017 has been organized by STAT Media Group in celebration of excellence in the industry while supporting Africa’s steady growth. Winners have been selected through two rounds of online polling by worldwide readers of the magazine.While receiving the award, Group CEO Ethiopian Airlines, Mr. Tewolde GebreMariam, remarked: “Readers of STAT Trade Times across the globe have spoken and voted Ethiopian as ‘African Cargo Airline of the Year’. I would like to thank them all for their strong vote of confidence, which reiterates Ethiopian efficient global cargo service. The credit for this prestigious recognition goes to our strong workforce, especially, I would like to congratulate our cargo team for the job well done.Ethiopian Cargo has been growing at a very fast pace and will continue to do so. In order to support the fast growth that we are planning and to make Addis Ababa as one of the best Cargo hubs between Africa, Europe, The Americas, Middle East and Asia, we have built a new Cargo Terminal which can accommodate 600,000 tons per annum at a total cost of USD 115 million. The new Terminal 2 combined with the existing Terminal 1 will give a total tonnage capacity of 1 million per annum. Moreover, this year alone, Ahmedabad, São Paulo, and Orlando will join our global cargo network.”Ethiopian Cargo serves 36 freighter destinations operating the longest range twin-engine freighter aircrafts in the world, 6 B777-200 LR freighters as well as 2 B757F with a capacity of 103 and 35 tons each respectively.Ethiopian is a multi-award winning airline. Ethiopian was recently named Airline of the Year, for the fifth consecutive year, by African Airlines Association (AFRAA), SkyTrax World Airline Award for Best Airline Staff in Africa, Best African Cargo Airline of the Year Award, and Passenger Choice Award for Best Airline in Africa.About EthiopianEthiopian Airlines (Ethiopian) is the fastest growing Airline in Africa. In its seven decades of operation, Ethiopian has become one of the continent’s leading carriers, unrivalled in efficiency and operational success.Ethiopian commands the lion’s share of the pan-African passenger and cargo network operating the youngest and most modern fleet to more than 90 international destinations across five continents. Ethiopian fleet includes ultra-modern and environmentally friendly aircraft such as Airbus A350, Boeing 787, Boeing 777-300ER, Boeing 777-200LR, Boeing 777-200 Freighter, Bombardier Q-400 double cabin with an average fleet age of five years. In fact, Ethiopian is the first airline in Africa to own and operate these aircraft.Ethiopian is currently implementing a 15-year strategic plan called Vision 2025 that will see it become the leading aviation group in Africa with seven business centers: Ethiopian Domestic and Regional Airline; Ethiopian International Passenger Airline; Ethiopian Cargo; Ethiopian MRO; Ethiopian Aviation Academy; Ethiopian In-flightCatering Services; and Ethiopian Ground Service. Ethiopian is a multi-award winning airline registering an average growth of 25% in the past seven years.Source = Ethiopian Airlineslast_img read more

Hit the USA West Coast with Stuba

first_imgSource = STUBA.com With plenty to see and experience in the US, it can be hard to come up with an itinerary that covers all of the bases. Temperature extremes, cultural differences, and value for money all have an influence. The USA west Coast has more to offer than most destinations. A variety of things to do, see, and eat are awaiting the traveller.Some of the top things to do on the West Coast:Seattle: You’d struggle to miss it to be honest, but the Pike Place Market wont disappoint. With the worlds first Starbucks (its better coffee than you might expect..), and the local delicacy being Clam Chowder in sourdough bread, your stomach is well catered for. The market is famous for its fish, but probably not overly practical for tourists..San Francisco: Needs  no introduction. With Alcatraz, the golden Gate Bridge, Fishermans Warf, and the world famous Lombard Street. One of the more spectacular things to see are the Giant Redwoods in Muirs Woods. A small number of redwoods that survived are …well….giant. Likely the biggest trees you will see. Alternativel;y, on a larger and better scale, Redwood National Park (not in San Fran, but still in CA) will put you in your place, with trees over 2000 years old..Vegas: What happens in Vegas quite often doesn’t stay in Vegas, so behave !…to be serious though, its cheesy, tacky and apart from The Strip, not much to do, but you will love it ! – if you’re not into bright lights and shows, use it as an opportunity to visit the Grand Canyon; spectacular. Even better, is to take a helicopter ride. Its significantly cheaper than doing the same type of thing in AUS or NZ.Whatever the reason for your clients travel,  book with Stuba. The best rates, and superb 24/7 support. Hit the U.S.A West Coast with Stubalast_img read more

Sidharth Malhotra wraps up his second trip to New Zealand

first_imgSidharth Malhotra, the Indian Tourism Brand Ambassador of New Zealand, has concluded his 10-day journey to the country, with the Bollywood actor recalling his memories from a trip filled with adventure, food and culture. This was the actor’s second trip to New Zealand wherein he covered, both North and South Islands while exploring places such as Christchurch, Rotorua, Waitomo and Auckland. His tour began with a surprise meet with John Key, The Prime Minister of New Zealand, at the Auckland airport.Later, he was welcomed in Christchurch by former Black Caps cricketers, Stephen Fleming and Brendon McCullum along with his fans in New Zealand who danced to the tune of ‘Kala Chashma’ for him. Both the cricketers hosted Sidharth for a Bularangi Harley Davidson ride and a friendly cricket match at the Hagley Oval. Additionally, Sidharth, who is an avid follower of rugby, had the opportunity to meet his rugby inspiration former All Blacks Captain, Richie McCaw.After spending time with the sports legends, Sidharth moved to the next phase of the trip where he took part in fun and adventurous activities such as luging at the Skyline Rotorua, zip lining through the native forest, jetboating on the Auckland harbour and the iconic Auckland bridge climb.The actor was also able to soak in the true Maori culture while visiting TePuia, where he donned the Maori cloak and posed as a Maori warrior at Mitai Maori Village.Sidharth, who kept his fans back home updated with his social media posts, stated, “New Zealand never fails to surprise and impress. The country is gifted with abundant nature’s beauty, rich Maori culture and wonderful people. This was my second trip there and I had the time of my life during this 10-day expedition. It’s my second home now.”last_img read more

New President Announced for ServiceLink

first_imgNew President Announced for ServiceLink Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2011-11-30 Abby Gregory Share November 30, 2011 544 Views center_img in Data, Government, Origination, Secondary Market, Servicing, Technology A new president has been announced at “”ServiceLink””:www.servicelinkfnf.com/, with the appointment of Chris Azur to the prestigious position. Formerly the company’s executive vice president and chief operating officer, Azur has been with ServiceLink for more than four years.[IMAGE]In his previous role for ServiceLink, Azur was responsible for multiple aspects of valuations, title, and closing operations for the entity. He worked in both the loan origination and default services divisions. [COLUMN_BREAK]Before joining the executive ranks for ServiceLink, Azur worked for ATM Corporation as its executive vice president and chief operating officer. Azure became a part of ATM Corporation at its inception in 1993.Commenting on Azur’s updated role, Randy Quirk, the president of ServiceLink’s parent company, “”Fidelity National Financial””:www.fnf.com/, said, “”Chris’s extensive experience both within the industry and within ServiceLink make him the clear choice to lead the growth and continued success of ServiceLink.””Continuing his positive statements, Quirk noted, “”Chris has played a vital role in making ServiceLink the company it is today with a solid foundation and strong focus on customer expansion and product innovation that have helped ServiceLink become a leader among mortgage solutions providers.””As a company within the FNF family, ServiceLink provides end-to-end origination and default related products, services, and technology solutions throughout the mortgage industry. ServiceLink capitalizes on FNF’s resources while utilizing its innovative culture and platforms to help clients mitigate risk, reduce cycle times, and lower operating costs.last_img read more

Mortgage Insurance Shows Renewed Strength in October

first_img November 30, 2012 493 Views in Data, Origination, Secondary Market Agents & Brokers Attorneys & Title Companies Genworth Mortgage Insurance Corp. Investors Lenders & Servicers Mortgage Guaranty Insurance Corp. Mortgage Insurance Mortgage Insurance Companies of America Radian Guaranty Inc. Service Providers 2012-11-30 Tory Barringer After experiencing a one-month lull, mortgage insurance activity picked up in October.[IMAGE]According to data from “”Mortgage Insurance Companies of America””:http://www.privatemi.com/index.cfm (MICA), member companies wrote 42,833 insurance policies in October. In dollar volume, members reported $11.5 billion in insurance written throughout the month.October’s volume was a significant step up from September, which saw 37,554 policies totaling $10.1 billion. A year ago, member companies reported 26,293 policies written for $5.1 billion.As of the end of the month, primary insurance in force totaled more than $400 billion, marking the first time in 2012 that insurance in force made it above that line.October also saw a rise in the number of mortgage insurance applications–MICA reports 46,045 applications received throughout the month. Member companies reported 40,353 applications in September and 29,508 in October 2011.Defaults fell as cures picked back up, with their numbers reaching 24,729 and 20,068, respectively. The cure/default ratio hit 81.1 percent, up from September’s 75.7 percent.Companies represented in October’s report include “”Genworth Mortgage Insurance Corporation””:http://www.genworth.com/content/home.html, “”Mortgage Guaranty Insurance Corporation””:http://www.mgic.com/, and “”Radian Guaranty Inc.””:http://www.radian.biz/page?name=HomePage Data prior to January 2012 also included reports from “”Republic Mortgage Insurance Co.””:http://www.rmic.com/Pages/default.aspxcenter_img Mortgage Insurance Shows Renewed Strength in October Sharelast_img read more

Florida Housing Market Sees Widespread Improvement in December

first_img Florida’s housing market continued on the course to recovery in December, according to the latest data released by “”Florida Realtors””:http://www.floridarealtors.org/.[IMAGE]Statewide closed sales of existing single-family homes totaled 18,031 in December, a 15.8 percent increase year-over-year, according to data from Florida Realtors’ Industry Data and Analysis department. Meanwhile, pending sales–contracts signed but not yet closed–for existing single-family homes rose 39.7 percent from December 2011. At the same time, a total of 8,470 townhouse-condo units sold statewide in December, up 8.6 percent year-over-year. Pending sales for townhouse-condos increased 31.8 percent.””Florida is an international destination: Owning a home here appeals to people of all ages from all over the world,”” said Dean Asher, 2013 Florida Realtors president and broker-owner at Don Asher & Associates Inc. “”Realtors from across the state are reporting increases in home sales and median prices. As a result of rising demand from investors and other buyers, there’s a shortage of inventory in many markets, and it’s putting pressure on prices.””According to Florida Realtors’ data, the statewide median sales price for single-family existing homes was $154,000 in December, up 14.1 percent on a yearly basis. The statewide median for townhouse-condo properties was $117,500, up 26.3 percent on a yearly basis.December marks the 12th consecutive month of higher year-over-year statewide median sales prices for both single-family homes and townhouse-condo units, Florida Realtors said.Meanwhile, the inventory for single-family homes stood at a 5.5 months’ supply in December, while inventory for townhouse-condos was at a more balanced 6-months’ supply.””The market continues to improve, and it’s doing so in all parts of the state,”” said Dr. John Tuccillo, chief economist for Florida Realtors. “”Of note is the fact that inventory levels are now clearly consistent with a sellers’ market. When the final year-end statistics are compiled, expect that sales in 2012 will be more than 10 percent higher than they were in 2011. Once again, all the positive indicators are up significantly.”” January 24, 2013 417 Views in Data, Government, Origination, Secondary Market, Servicing Agents & Brokers Attorneys & Title Companies Home Prices Home Sales Investors Lenders & Servicers Processing Realtor Association Service Providers 2013-01-24 Tory Barringercenter_img Share Florida Housing Market Sees Widespread Improvement in Decemberlast_img read more

New Home Price Hits Record High in April as Sales Inch Up

first_img The price of a new single-family home soared to a record high in April as sales jumped 2.3 percent to a seasonally adjusted annual rate of 454,000, the “”Census Bureau and HUD””:http://www.census.gov/construction/nrs/pdf/newressales_201304.pdf reported Thursday. [IMAGE] Economists surveyed by Bloomberg expected April sales to increase to 425,000 from March’s originally reported 417,000. March sales were revised to 444,000.The median price of a new home, according to the Census/HUD report, soared $20,900 (8.3 percent) in April to $271,600, the highest price on record.The inventory of homes available for sale rose to 155,000–the highest level since November 2011–translating to a 3.5 month supply, matching March for a record low.The Census/HUD report for April also included data revisions back to January 2011, which showed a slight increase in home sales as defined for this report. The monthly average for the 28-month period increased from the originally reported 347,000 to 353,000 with the revisions. The average median price went from $235,348 to $237,043. The report tracks contract signings–not closings. Both the boost in sales and the sharp increase in prices were consistent with the improvement in “”builder confidence””:https://themreport.com/articles/builder-confidence-shows-first-2013-gain-2013-05-15 reported last week by the National Association of Home Builders (NAHB). NAHB├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Housing Market Index increased in May for the first time this year.The average price of a new home increased a staggering $44,100 in April (or 15.4 percent) to $330,800, also a record high. The Census/HUD report has been tracking median prices since January 1963 and average prices since January 1975. Both the absolute dollar and percentage increase in the median price were the largest monthly gains since December 2010, when prices rose $21,600, or 9.8 percent. The month-over-month dollar and percentage increase in the average price were the highest on record.[COLUMN_BREAK]In the last year, the median price of a new home was up $35,200, or 14.9 percent. The average price has increased $42,900 (also 14.9 percent) in the same period.The increase in the median and average prices of new homes was driven by a change in the mix of homes sold in April. Homes with price tags under $300,000 represented 58 percent of April sales, down from 67 percent in March. Homes prices at $400,000 or more represented 24 percent of April sales, up from 13 percent in March. The boost in sales for lower-priced homes could mean more construction activity for more expensive homes with fewer builder incentives.Regionally, sales improved month-over-month in April in two of the four Census regions: up 12,000 in the West to 123,000 and up 7,000 in the South to 242,000. Sales fell 6,000 to 30,000 in the Northeast and 3,000 in the Midwest to 59,000. The sharp increase in prices coupled with the drop in inventory could spark a new round of housing starts with the prospect of increased construction employment, especially as the weather becomes more favorable. That said, recent data on housing permits and starts show a decided shift in preferences as housing starts tilt to multifamily from single-family. In its latest report on “”housing permits and starts””:https://themreport.com/articles/housing-starts-drop-despite-improved-builder-confidence-2013-05-16, Census and HUD said 60.7 percent of permits were for single-family homes–the lowest since last September–and while total permits increased 127,000 in April, multi-family permits accounted for 109,000, or 85.8 percent. Total housing starts fell with single-family starts dropping to the lowest level since November.The report on permits and starts also showed builders completed 536,000 single-family homes in April, 82,000 more than they sold. While completions typically exceed sales, the “”gap”” was the smallest since February 2012.The government report on new homes came on the heels of the report Wednesday from the National Association of Realtors (NAR) that “”existing-home sales””:https://themreport.com/articles/existing-home-sales-prices-jump-to-multi-year-highs-2013-05-22 rose a 0.6 percent in April to an annual sales rate of 4.97 million, the highest level since November 2009. The median price of an existing single-family home jumped $8,900 in the month to $192,800, the highest since August 2008. The inventory of existing homes for sale rose to the highest levels since last September. The NAR report tracks closings. The report on pending existing home sales for April will be released next Thursday._Hear Mark Lieberman every Friday on P.O.T.U.S. radio, Sirius-XM 124, at 6:20 a.m. Eastern._ May 23, 2013 460 Views New Home Price Hits Record High in April as Sales Inch Up Sharecenter_img in Data, Government, Origination, Secondary Market, Servicing Agents & Brokers Attorneys & Title Companies Census Bureau Confidence For-Sale Homes Home Prices Home Sales Homebuilders Housing Supply HUD Investors Lenders & Servicers Mark Lieberman National Association of Home Builders National Association of Realtors Private Construction Processing Realtor Association Service Providers 2013-05-23 Mark Liebermanlast_img read more

Credit Challenges Continue for SelfEmployed Borrowers

first_imgCredit Challenges Continue for Self-Employed Borrowers Share December 5, 2014 526 Views Despite earning nearly twice as much income on average as other borrowers, self-employed Americans continue to experience more difficulty obtaining a loan quote than their counterparts, according to a study.In a study of borrower profiles and lender behaviors, Zillow found that self-employed loan applicants receive only six loan quotes for every 10 received by non-self-employed borrowers. That’s even worse than in June 2011, when the ratio was seven for every 10.While self-employed borrowers tend to earn 81 percent more money annually—$145,000 per household on average compared to $80,000 for non-self-employed households—they’re being held back by lower average credit scores, Zillow says.”Low credit scores, coupled with a mountain of paperwork lenders must complete specifically for self-employed borrowers, make them unattractive,” said Erin Lantz, VP of mortgages at Zillow. “So, despite self-employed borrowers with high incomes appearing on paper to be better situated to repay their loan, they’re often overlooked by lenders.”According to the company’s analysis, 47 percent of self-employed borrowers have self-reported FICO scores below 720, while 28 percent have scores below 680. By comparison, 23 percent of non-self-employed borrowers have scores below 720, and 14 percent have scores below 680.The median U.S. credit score as of April 2014 was 692, according to myFICO.Though their credit scores tend to be lower, self-employed loan applicants beat out their counterparts across most other categories. Besides earning a higher annual income, they also tend to put down more money, paying on average 15.3 percent for down payments on mortgage requests compared to 14.6 percent for the other group.Self-employed borrowers are also more interested in higher-priced homes, the study found. The median property value for mortgage requests for self-employed borrowers on Zillow is $352,000 compared $315,000 for non-self-employed borrowers. Credit Scores Credit Standards Zillow 2014-12-05 Tory Barringer in Daily Dose, Data, Headlines, News Sharelast_img read more

Housing Policy Adviser Addresses Market Conditions GSE Reform Risk Sharing

first_img in Daily Dose, Featured, Government, Market Studies, News, Origination Share October 29, 2015 533 Views Michael Stegman, President Obama’s top adviser on housing policy, recently addressed some of the mortgage industry’s hot-button topics such as housing market recovery, homeownership support for struggling buyers, GSE reform, and risk sharing.Stegman began his speech at an event held by the National Association of Affordable Housing Lenders by addressing factors that are contributing to positive housing market recovery and noting that “a confluence of factors continues to strengthen the housing market.””The housing recovery has been fostered by strong job creation, rising earnings, and a rebound in consumer confidence that have resulted, in part, from the important countercyclical policies put in place by the Administration and Congress. One particularly promising sign for future housing demand is that household formation has stepped up notably over the past year.According to Stegman, home prices have rebounded over the last few years, which in turn, is boosting household wealth. In addition, single-family construction activity continues to rise, but rental rate increases suggests that demand is not being met.Michael StegmanAlthough there has been some easing of credit standards, lending is still low and many qualified borrower have trouble getting a mortgage loan, Stegman said.As far as the GSEs reform is concerned, Stegman clearly stated the negative impact this would have on taxpayers and the nation as a whole.”We believe that recapitalizing the GSEs with taxpayers funds and administratively–or legislatively–releasing them from conservatorship with a business model that conflicts with their public mission-in essence turning back the clock to run up to the crisis–would be both bad policy and poor stewardship of the taxpayers’ interest; willfully recreating the very system that helped do this nation so much harm,” Stegman explained.In previous remarks, he advised that the GSEs should not be freed of conservatorship with their flawed charters intact, but instead government officials should take “more comprehensive approaches to reform such as those that members of Congress have introduced over the past two years including mutualizing Fannie or Freddie, or build upon bipartisan agreements on the features of a future secondary market system that were hammered out in the Senate Banking Committee last year.”However, Stegman pointed out that there is more work to be done before any action can be taken such as a more robust role for community banks and credit unions and ensuring all communities are served fairly, which the Committee will continue to fight for.Stegman also provided an update on the Housing Finance Agencies (HFA) risk sharing noting that “as we continue our efforts to achieve housing finance reform, the shortage of rental housing, especially for extremely low-income households, is growing more acute.””We recommend these and additional ideas from all of you on the most effective ways of strengthening the housing finance system, expanding the supply of affordable rental housing, and improving access to credit, and will remain engaged with stakeholders whose experiences and insights we highly value,” Stegman concluded.Click here to view his full speech.center_img GSE Reform Housing Market Conditions Housing Policy Adviser National Association of Affordable Housing Lenders Risk Sharing 2015-10-29 Staff Writer Housing Policy Adviser Addresses Market Conditions, GSE Reform, & Risk Sharinglast_img read more

August 22 2018

first_imgAugust 22 , 2018 “We have a purpose-built, 32-acre facility, but it’s now 26-27 years old and it needs modernising definitely,” Hutchinson acknowledged. “At the meeting, some tenants were negative about what they’ve got to go through to move. But when you look at New Covent Garden Market, which is trying to rebuild on a site around them, it is proving to be nigh on impossible. If the tenants want to upgrade the market, they have to accept that a move would be a better option.”Although there is no indication at present of what the proposed consolidated market venue would look like, the City of London Corporation said the single site would feature related uses, such as an apprenticeship school for fishmongers and butchers.“While all three markets would be together, we’ve all got different criteria in terms of food standards, so we would each have our own pavilions,” added Hutchinson.Hutchinson said the tenants survey will be carried out shortly, while a company called GDA will conduct the feasibility study.In the meantime, property consultancy Lambert Smith Hampton is searching for a suitable location. Local news reports have indicated public unease about moving a market such as the historic Smithfield meat market, which is celebrating its 150th anniversary this year. Smithfield remains the City’s only historic wholesale market, and meat has been traded on the same site in Farringdon, reportedly, for almost 1,000 years.Meanwhile, both Billingsgate and New Spitalfields have already experienced relocation out of the City in the 1980s and 1990s, respectively.Billingsgate fish market, the UK’s largest fish market, began trading on the banks of the Thames in the 16th century, before relocating in 1982 to Poplar, east London, which lies opposite Canary Wharf.Operating under a Royal Charter granted by King Charles II in 1682, New Spitalfields moved in 1991 to a purpose-built 32-acre site in Leyton, east London, which is close to what is now the Olympic Park in Stratford.“Moving out of the City was the right move when you look at the emission zones, traffic, everything,” said Hutchinson. The merger consultation will involve traders from the three markets, the Greater London Authority, Members of Parliament and heritage charities, such as Historic England, the Victorian Society and and the Billingsgate Consultative Committee.The City of London Corporation declined to comment to PBUK other than to say that more information would be made available once the consultation has been completed and reviewed. Ultimately, any move will require approval from UK Parliament. You might also be interested in From the pages of Produce Business UKSpitalfields Market Tenants’ Association has reacted positively to The City of London Corporation’s announced proposal to merge and relocate New Spitalfields market together with two other historic London food markets – Billingsgate fish market and Smithfield meat market – with only location emerging as an initial concern.The plan for the three wholesale markets, which has been agreed in principle, is designed to “secure their continued operational success,” according to The City of London Corporation, which governs the historic center of London and ‘Europe’s most competitive business district,’ also known as the Square Mile. Jan Hutchinson, chief executive of the Spitalfields Market Tenants’ Association, told PBUK that the proposal to relocate the three markets to a 100-acre venue or smaller sites close to each other would be a good move. “I think it’s the way forward with all the competition around the wholesale sector now from cash & carries and supermarkets threatening to encroach into serving small catering companies,” she explained.“I think combining will give us more strength. It will make us a hub of food, which can only be a good thing.”Hutchinson was quick to point out that these are the views of the tenants’ association, since the tenants themselves have yet to be surveyed officially.“From the New Spitalfields Tenants Association point of view, obviously we are very positive,” she noted. “But, at this point, we’re not commenting necessarily on everyone’s views. We’re commenting on our own, and what we see as a future for the market.”At the time of going to press, PBUK was unable to reach a market tenant that was either available or willing to comment on the proposal.However, following an initial tenants’ association meeting at the beginning of this week, Hutchinson said the feedback from those tenants who attended was “very positive”, albeit with location and the upheaval of a relocation emerging as the main concerns.“The biggest issue is the location of it [the merger site], because we [New Spitalfields] are in the right location at the moment,” she stated.“This location [in Leyton, east London] serves London, the south-east, the south of London. Geographically, the road network is good.” “We don’t want to move any further out because logistically it does become a challenge. We are the right distance outside of the main metropolis to be able to serve it efficiently. We also have connections to all the surrounding counties that we support: Essex, Hertfordshire, Bedfordshire, Norfolk, Suffolk.” From the perspective of being able to upgrade its facilities, meanwhile, a relocation would benefit New Spitalfields Market’s traders and customers.center_img SH Pratt’s Halo facility confirmed for Logistics … London gears up for Global Grape Summit tomorrow …last_img read more

NZ Auckland lifts fruit fly controls after no fur

first_img NZ: Auckland lifts fruit fly controls after no fur … Fresh table grapes are one of the top produce exports by value for Peru, reaching US$653 million in the 2017 campaign.Crops conditionsPeru’s top producing regions, Ica (41%) and Piura (22%) have an advantageous dry coast with more than 12 hours of sunlight per day, year-round, which makes it a suitable area for grape production, said the report.The USDA said that due to these conditions and the accurate irrigation, Peru is able to mature vines 55% faster than neighboring countries, which contributes to its success.While the Red Globe variety keeps dominating production due to its popularity in the Chinese market, producers are shifting toward higher value varieties to supply other markets, with most popular being Crimson Seedless, Flame Seedless, Sugraone and Thompson Seedless.Photo: Shutterstock.com Argentina: Table grape exports from key region ‘lo … October 29 , 2018 You might also be interested incenter_img U.S.: California forecasts record-breaking cherry … Peruvian table grape production is estimated to increase 7% in the 2018-19 campaign to 540,000 metric tons (MT), according to a report from the U.S. Department of Agriculture.The USDA’s Foreign Agricultural Service said exports should reach 385,000MT which would also be 7% higher year-on-year.The U.S. is expected to be the top market destination with 33% of total exports, followed by the Netherlands and Hong Kong.“Grape production is recovering after heavy El Niño rains and unstable temperatures in early 2017 delayed harvest, reduced yields, and reduced quality,” the USDA said in the report. Generating added value in the avocado industry …last_img read more

There will likely be a slower pace of sales in the

first_imgThere will likely be a slower pace of sales in the Chinese cherry market this season, according to one importer.The first batch of sea freight Chilean cherries arrived at the  Guangzhou Jiangnan market  – the biggest fresh produce market in China – on Dec. 14, followed by the second batch a week later.“At the moment, sales remain average as the cherry price is higher than the normal market price,” Zhang Ji, manager of trading company Jiguoxuan, told Fresh Fruit Portal.“As more shipments arrive, the market is seeing a lower price and perhaps the cherry sales will increase,” said Jie.Jie said consumers are waiting for prices to drop when greater volumes arrive.He said that the Royal Dawn variety currently accounts for around two-thirds of Chilean cherry supply, with Santina representing the rest.“Santina has better quality and the price is around $14 higher than Royal Dawn,” Jie said.According to Freshport, market prices for a 5-kilo box are US$58 and US$70, for Royal Dawn and Santina respectively.The general market sale for Royal Dawn has seen a decrease in comparison to the same period last year, and Jie said it’s likely that there will be leftovers“The qualities of the Royal Dawn reduced partly due to the hail in Chile this year, there are visible blemishes and the tastes are more sour,” he said.Jie also believed there that a greater proportion of volumes would be sold directly to retailers this year.“The Chilean cherries will see less popularity as the north region starts to produce their own cherries for direct shipment to retailers with lower market price. The Guangzhou Jiangnan wholesale market will become less popular,” he said.He also expected prices to remain high during the Chinese New Year period in February and believed they would drop quickly afterward. You might also be interested in December 24 , 2018 U.S.: Half of California cherry crop devastated by … Turkish cherry industry confident of strong future … Canada’s cherry industry suffers 50% drop in seaso … U.S.: Disaster aid change would benefit cherry gro …last_img read more

Comments  

first_img Comments   Share   Offensively, Woodson was a high impact player, averaging 17.6 yards on 14 touches and scored three touchdowns. Two of the touchdowns were receptions and one was a run. Woodson even completed a pass to Brian Griese in a game against Wisconsin. On special teams, Woodson returned 33 punts for 283 yards and one TD. Peterson can similarly impact the Cardinals in all phases. The big question is will he have the same platform Woodson performed on? Michigan earned a split of the National Championship that season. Woodson came up with multiple huge plays in high profile games — against Penn State when both teams were in the top 5, against Michigan State and of course the Ohio State game, where he returned a punt for a TD, had an interception in the end zone and set up another score with a long reception.The Cardinals currently have just one nationally televised game on the schedule. Peterson needs the Cards to be one of the surprise teams in the league and get more national coverage. Remember, the NFL has a flex schedule for weeks 11 through 17; three of Arizona’s final four games are against the Rams, Seahawks and 49ers. If both teams are fighting for a wild card or the division the Cards could end up as the Sunday night game on NBC. Arizona Cardinals star Patrick Peterson doesn’t lack confidence in himself. The third-year cornerback has set a lofty goal heading into the 2013 NFL season. I think my goal is to be an MVP of the league. I am the top cornerback in the game, and now that Bruce Arians is giving me the opportunity to play offense and special teams, I’ll have the best opportunity to capture that goal and dream of mine.That was at the top of Peterson’s list in a story on Peter King’s new football website, TheMMQB.com. The question — is it a realistic goal? With a litany of high-level quarterbacks on teams projected to be extremely good, the task won’t be easy. Since the Associated Press started giving out the MVP Award in 1957, only twice has a defensive player earned the hardware — Giants outside linebacker Lawrence Taylor in 1986 and Vikings defensive tackle Alan Page in 1971. In every other year a quarterback or running back has won outside of a kicker winning in 1982 (I swear, I’m not lying). That makes the goal seem even more difficult. Here are three reasons, if another defensive player is going to win the MVP, Patrick Peterson would be atop the list.#1 Flash Plays Peterson can do things on a football field that will get played over and over again during the 24-hour sports news cycle. I actually don’t think this is a really good reason, but it’s the truth. In 2009, New York Jets cornerback Darrelle Revis had arguably the best season a defensive back has ever had and he didn’t even win Defensive Player of the Year. Green Bay Packers corner Charles Woodson, who had three defensive touchdowns, nine interceptions, four fumbles forced and one fumble recovery was given the honor. Those game-swinging plays are all well and good, but Woodson wasn’t even close to being in the same class as Revis during that season. A huge performance on that stage can go a long way in influencing voters. It’s a long shot, but based on these factors, if a defensive player was going to win MVP this season, Patrick Peterson would be the one I would pick. Derrick Hall satisfied with D-backs’ buying and selling Top Stories The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires Peterson will need to combine what Revis and Woodson did to win the award. #2 Importance of the PositionAfter edge pass rushers, cornerback has become the most important position on the defensive side of the ball. In 2009, when Revis wasn’t in the MVP talk despite his incredible season, teams threw the ball an average of 532.3 times over the course of the year. Last year the number went up to 555.9.The position has also become harder to play because of rules limiting contact. All of this has made the value of top-notch corners increase.#3 The Charles Woodson HeismanThis is the best argument for Peterson being able to earn MVP. It’s a different level, but the idea of a defensive player winning college football’s top honor is just as unique as a defensive player winning the NFL’s top honor. Since the Heisman was first presented in 1935, Michigan’s Charles Woodson is the only primarily defensive player to win the award.What makes the Woodson-Peterson comparison applicable is the role Woodson held with Michigan that season. He was utilized on offense, defense and special teams. Defensively, he was dominant, intercepting eight passes. last_img read more

Derrick Hall satisfied with Dbacks buying and se

first_img Derrick Hall satisfied with D-backs’ buying and selling And let’s make no mistake about this. If Fitz leaves and plays elsewhere it does nothing to tarnish his reputation in Arizona. He is and he always will be one of the greatest Cardinals players and one of the greatest athletes to ever play in Arizona. He is a future Ring of Honor member and a future Cardinals Hall of Famer. I mean, let’s be honest. It sucked that Steve Nash went to play for the Los Angeles Lakers, but he will go in the Suns Ring of Honor and always be remembered for his two MVP awards and that 7-seconds-or-less offense. Aeneas Williams and Larry Centers, both legendary Cardinals players, both finished their careers with other organizations. Emmitt Smith, Jerry Rice, Eric Dickerson, Peyton Manning, Johnny Unitas and Tony Dorsett are just a few of the greatest players in NFL history that finished their careers playing for someone other than where they became legendary. Fitz is still good. But he is a glorified tight end in this offense. He is a slot receiver. They don’t run fade routes to him. They don’t go downfield to him. That job is now Michael Floyd and John Brown’s. He is a third option at best and his numbers show that. He is not a 1,000-yard receiver anymore, at least not in this offense. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact Former Cardinals kicker Phil Dawson retires Again, he is still good. He can help the Cardinals win games. And for 11 years he has been paid like one of the best players in the game. Now, it’s time for him to play for the pay he is worth. And if he doesn’t want to do that then you simply say “thank you” for all you have done and we will see you in a few years when we hang a banner with your name on it from the University of Phoenix Stadium rafters.center_img 0 Comments   Share   No one, not even Larry Fitzgerald himself knows for sure if Saturday’s game against the Carolina Panthers will be his final game in an Arizona Cardinals uniform. Only time will tell.Arizona general manager Steve Keim has said all the right things about wanting Fitzgerald to return for a 12th season in Arizona. Keim has talked about wanting Fitz to retire as a Cardinal. He has mentioned having his 2015 salary and cap number already budgeted. But Keim has never guaranteed he would come back only saying it is his intent to have him back. Top Stories The face of the franchise is scheduled to count an astonishing $23.6 million dollars against the salary cap next season. That’s a lot of money and Arizona could probably do a few things if they either cut Fitz or get him to take a massive pay cut. By cutting him before June 1, Arizona could save $9.2 million dollars on the cap and get his contract, which runs through 2018, off their books. A trade is possible but probably a longshot, although a team trading for Fitzgerald would likely rip up the current contract and give him a new deal.Look I know its not the popular decision here but I have no problem with Arizona cutting Larry if he doesn’t want to play for what his true value is and that’s probably around $8 million dollars per year on a short-term deal. Anquan Boldin, the former Cardinals wideout, signed a 2-year $12 million dollar deal with the 49ers and although he’s two years older, he has had back-to-back 1,000-yard seasons and is more productive than his former teammate. I know, I know. How could anyone want to see Fitz playing in another uniform. He has meant so much to this organization and this community. I get it. I do. But, it’s a business and it makes NO business sense to keep the franchise’s all-time receiving leader at the money he is scheduled to make. last_img read more

We love the way you look in Cardinals red but the

first_imgWe love the way you look in Cardinals red, but the @ProFootballHOF gold jacket suits you well, @Kurt13Warner!Congrats!(🎥 @nflnetwork) pic.twitter.com/EaRtZwhtsc— Arizona Cardinals (@AZCardinals) August 5, 2017Former Arizona Cardinals quarterback and Ring of Honor member Kurt Warner received his gold jacket Friday before his Pro Football Hall of Fame induction Saturday.Warner made his entrance at the Gold Jacket Ceremony greeting several current Hall of Famers and joking with them along the way. Derrick Hall satisfied with D-backs’ buying and selling .@Kurt13Warner makes his entrance at the @ProFootballHOF Gold Jacket Ceremony!Coverage on @NFLNetwork pic.twitter.com/Es10ZRPrHj— Arizona Cardinals (@AZCardinals) August 5, 2017One of those was former Cardinal Aeneas Williams. So excited for my teammate & brother Kurt W. congrats bro! Gold Jacket is Next! pic.twitter.com/DvDhcZ1G5C— Aeneas Williams (@aeneas35) August 5, 2017The lead-up to Warner receiving the jacket included a video package on his career. Grace expects Greinke trade to have emotional impact Top Stories center_img You made it to Canton!Congrats to our @kurt13warner! 👏👏👏#PFHOF17 pic.twitter.com/k388xI9uB9— NFL Network (@nflnetwork) August 5, 2017Warner was emotional afterward, struggling to process the moment.“I’m still trying to figure it all out,” Warner said of receiving the jacket. “When you watch these guys lined up, guys who I watched play, guys who I tried to emulate, guys that I played with and understand their greatness, I’m not sure how I fit into that mix yet.”Warner said he isn’t sure if he will wear the jacket much, but like his Super Bowl ring that he also doesn’t wear much, he will admire it and reflect on the journey he had with his teammates. 2 Comments   Share   The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Former Cardinals kicker Phil Dawson retireslast_img read more

Kamalaya Wellness Sanctuary Holistic Spa has rec

first_imgKamalaya Wellness Sanctuary & Holistic Spa has recently introduced a series of small Life Enhancement Group Retreats. As part of the new retreat series, guests will have the unique opportunity to work closely with Kamalaya co-founder and Master of Traditional Chinese Medicine, Karina Stewart, who will personally facilitate two intimate retreats with a maximum nine participants later this year.Karina has carefully designed the retreats to support participants through a subtle process of awakening to their essential self. With over 30 years of experience in the Asian healing and spiritual traditions, Karina’s approach to integral health and life-renewal inspires people to discover themselves in new and heartening ways. Within the group setting and one individual consultation each, Karina will gently guide participants in experiential practices and processes designed to discover, release and transform emotions, habits and patterns that no longer serve a fulfilling lifestyle and might hinder personal growth, inspiring them to cultivate their full potential with a refreshed experience of life. A dedicated nutrition concept and a range of therapies enhance the inward journey while nurturing and cleansing the physical body.Karina says: “Similar to a profound and liberating exhale, we will together go through a process of clearing and letting go, on a physical level, but also on an emotional one and through a more subtle journey of mind and consciousness. It’s a path of releasing old ways of thinking and experiencing life in order to better access our core essential self – an experience of oneself and of life from a renewed and inspired perspective.”Prices for the eight-night retreat start at THB162,927 per person sharing a double room, including all meals, daily classes and treatments.Kamalaya is located amid a lush, tropical landscape on the southern coast of Koh Samui, Thailand. Founded by John and Karina Stewart in 2005, the resort offers a holistic wellness experience that integrates healing therapies from East and West, a beautiful natural environment, inspired healthy cuisine, holistic fitness practices and customised wellness programmes ranging from Detoxification to Stress & Burnout, as well as Healthy Lifestyle, Yoga Synergy and Emotional Balance.last_img read more

An official app has also been released providing

first_imgAn official app has also been released, providing instant access to all of the latest event information including the official program, delegate diary, speaker profiles, event partners and more. Simply search ‘Luxperience 2018′ in the App store or Google Play to download the application.Go back to the enewsletter The business action of the invitation-only Luxperience commences on Monday 17 September at 8.30am and runs through until Wednesday 19 September. Highlights include:Monday 17 September: Engaging Guests with Sustainability – Business Beyond Green-washingThe panel will discuss the business challenges and successes of several case studies on sustainability and how businesses walk the line between green-washing and providing an exclusive and genuinely engaging experiences. It will talk about what appeals to those travellers looking to make a difference, to engage, or transform through meaningful travel and the importance of having metrics in place to measure the impact of this engagement.Panel:John Daw – Executive Officer, Australian Wildlife JourneysJames Wyndham – General Manager, Emirates One&Only Wolgan ValleyModerator:Penny Rafferty, Global Manager Premium, Tourism Australia.Tuesday 18 September: Luxury Market Insights Panel DiscussionThis preeminent panel of cutting edge communicators will discuss the state of marketing in the luxury goods and service industry. It will look to where the communications world is heading. There will be time for questions from the audience to enable delegates to gain valuable insights from these experts.Panel:Chris Walton – Managing Director – Sydney, Nunn MediaDouglas Nicol – Co-founder and Partner, The WorksNicholas Gray – CEO, The AustralianLaura Jones – Managing Director, Frank PRModerator:Tim Burrowes – Content Director, MumbrellaWednesday 19 September: The One Business Elegance That Never FadesPresented by: Mark Carter – Director, Presenter, Speaker, Author, & CoachInspired by Audrey Hepburn, a timeless role model and epitome of class and luxury, who lived by the philosophy ‘you’ve got to look at yourself objectively, analyse yourself like an instrument’. In the same vein, this golden age inspired business session will focus on classic themes for business success yet adapted for contemporary, creative relevance in luxury markets. Go back to the enewsletterOne of the highlights of Luxperience has always been the vibrant social and networking events. For 2018, event organisers have completely revamped the opening night and Awards events. After all, the show is not all about work; there is plenty of time for play too.For the first time, the highly anticipated opening night event for Luxperience 2018 will be combined with the excitement of the Luxperience Award winners being announced, all in the sumptuous surroundings of the Merivale ivy Ballroom this Sunday night, 16 September.The Awards will recognise innovative products and services, exceptional experiential tourism products, examples of social responsibility and outstanding marketing campaigns. They will also highlight a visionary tourism office, which has influenced the development of luxury and experiential tourism within their country or region.Over the years, Luxperience has built a reputation of hosting groundbreaking and motivating speakers and 2018 will be no different. This year’s keynote speaker at the Opening Session is the erudite and innovative Dr Jordan Nguyen (pictured above), inventor of the mind-controlled smart wheelchair.“In line with this year’s theme: The Blue Print – A World Re-Designed, we have chosen an impressive speaker who embodies this ethos,” said Luxperience Event Director Michelle Papas. “Jordan’s life is spent re-thinking and re-imagining computers to enhance the lives of the less able-bodied: A noble cause and one we can all learn from to help us re-design our own lives.”“The World Re-Designed theme is continued during the business component of Luxperience,” continued Papas. “Each day offers the delegates an unmissable seminar which expands their knowledge on the luxury industry and redefines ways for them to capitalise on this new found knowledge for their clients.”Following the keynote speech and Awards, the frivolity and conviviality will continue at the ‘Welcome to Sydney Party’ next door at Merivale’s ivy Den and Lounge. Taste buds will be tempted by delectable morsels inspired by the multicultural delights hidden within the global metropolis of Sydney.Luxperience partner, Merivale, is also the official Luxperience After Party venue. It is hosting those keen night owls at the Establishment on Sunday and Monday evenings and at Hemmesphere on Tuesday night.last_img read more