Medium-sized British businesses created 780,000 jobs in 2016 and increased profits by 19 per cent, according to new figures released by accountants BDO in a report into the sector’s growth prospects.The increase was a striking improvement on annual profit growth between 2011 and 2015, which averaged less than one per cent a year while jobs increased by 500,000. Stuart Lisle, a senior partner at BDO, explained: “Mid-cap companies get all of the complexity and none of the support, as they don’t have the resources to plough through tax legislation or the government assistance afforded to smaller firms. Many of our clients would be happy to see an increase in the effective rate of tax in return for simplifications to the legislation.”Additional new research out today from management consultancy CIL revealed a third of medium British businesses are looking to the US for post-Brexit expansion. The country already receives 20 per cent of UK exports, worth some £45bn a year. whatsapp Hannah Wilkinson Businesses with a turnover in excess of £10m and £300m outperformed firms in the FTSE 350, where profits contracted by almost a quarter last year. They also fared better than the small companies which faced profit declines of 26 per cent.Read more: Northedge boosted by Sonic saleMedium-sized businesses make up just 1.5 per cent of UK businesses but contribute a third of the economy’s turnover, according to the new report.Championing the interests of the medium-sized firms BDO works with, the report calls on policymakers to reduce red tape and simplify the tax system to help businesses thrive in the wake of Brexit.Read more: Brexit uncertainty has hit two-thirds of medium and large businesses How 1.5 per cent of UK businesses created 780,000 jobs last year Share Monday 30 January 2017 1:00 am More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse whatsapp read more

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryHero WarsThis game will keep you up all night!Hero WarsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementElvenarIf You Like to Play, this Fantasy Game is a Must-Have. No Install.ElvenarNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For Seniors Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap whatsapp Share The White Company is firmly in the black with rise in earnings Sunday 11 January 2015 11:24 pmcenter_img Express KCS Show Comments ▼ Luxury homeware brand The White Company enjoyed a 14 per cent increase in sales in the year to 29 March 2014 and reported a pre-tax profits of £6.7m, up 40 per cent from £4.6m. The brand, which sells high quality household accessories in white, made its first step into the US last year, launching an international website. Back on this side of the pond, it has fifty shops in the UK including six concessions and opened nine new stores during the year, which contributed to 14 per cent of the overall revenues. Despite the international expansion, 94 per cent of sales come from the UK. The directors, led by founder Chrissie Rucker, said they were pleased with the performance, particularly in light of difficult trading conditions in the UK but did not recommend a dividend for the year. The White Company celebrated its 20th anniversary last year, having been set up by Rucker when she was unable to find good quality, white bed linen. Having started out as a 12-page mail order brochure, the somewhat niche brand has become a staple on the UK’s high streets. whatsapp Tags: NULLlast_img read more

first_imgVideo Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -0:00 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio TrackFullscreenThis is a modal window. The Video Cloud video was not found. Error Code: VIDEO_CLOUD_ERR_VIDEO_NOT_FOUND Session ID: 2021-06-17:93864408e39c256a12ae4c80 Player Element ID: vjs_video_3 OK Close Modal DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 1xPlayback RateFullscreen AdvertisementTags: Collier County Sheriff’s OfficeGolden Gate Estates Collier school resource officers teach kids how to fish on first day of “Summerfest” June 16, 2021 GOLDEN GATE ESTATES, Fla. — A Golden Gate Estates woman is asking for the community’s help identifying the driver of a gray or silver SUV that plowed through her property Friday morning. Nearby surveillance cameras were rolling when it all went down. Christina Brown said around 11:30 Friday morning, an SUV was driving north on 23rd Street SW. Suddenly the driver swerved to the other side of the road, onto her property, and through her iron fence. Then, they reentered the road and fled.Though the damages add up to nearly $16,000, Brown said she felt grateful Monday knowing she and her neighbors are safe. RELATEDTOPICS Advertisement“The way that this person came through and just the recklessness could have hurt any of these people. It’s terrible.. It just don’t understand why they didn’t stop,” Brown said.As deputies with the Collier County Sheriff’s Office search for the person behind the wheel, Brown reflects on how the incident could have ended differently. “With the children that play across the street…the people that have dogs in their yard. I’ve got horses, I’ve got four dogs. What if I had been in the front yard,” she said.center_img AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 commentsDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Anyone with information on who could be driving the SUV is asked to contact the Collier County Sheriff’s Office at 239-252-9300. Deputies investigate overnight shooting in Golden Gate June 10, 2021 Woman shot outside Naples Waffle House June 16, 2021 Missing Collier teen seen with man at Fort Myers Publix June 11, 2021last_img read more

first_img Twitter Facebook Previous articleA Round and About with Tony Conlon from Portlaoise Golf ClubNext articleJOB ALERT: This week’s job vacancies in Laois Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. By Alan Hartnett – 22nd April 2018 Vanhalla – Camper Heaven, a fun new blog from local writer that wants you to join in the journey RELATED ARTICLESMORE FROM AUTHOR WhatsApp Community Home News Vanhalla – Camper Heaven, a fun new blog from local writer that… News Twitter Pinterest TAGSblogJohn WhelanVanhalla Pinterestcenter_img Ten Laois based players named on Leinster rugby U-18 girls squad Vanhalla 1 of 6 WhatsApp Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Community Vanhalla Vanhalla – Camper Heaven, is the novel new Blog from Laois Today columnist, John Whelan.A clever word play on Valhalla, the blog, as the title suggests, espouses the fun and adventure of the campervan lifestyle; the excitement and adventure of the road trip.“Yeah, we are up and running and the reaction has already been great only one week in. It is something I have been hatching for over a year and finally got going to coincide with the new season and the re-opening of all the campsites, although up until this weekend the weather has been a bit of a dampener,” explains Whelan.The idea of Vanhalla is to share the enjoyment and excitement of the road trip experience in an accessible and authentic way.The plan is to have at least one new post a week with reviews of campsites, places to visit, activities to check out, the people, festivals and entertainment encountered en route.“As a boy growing up we would see the camper vans head through town at the weekends, all this before motorways and by-passes of course, and would enviously be wondering where were they heading and what adventures lay in store.“It’s always been an ambition of mine to have a campervan and chance in a lifetime came up last year so we went for it. It’s only taken fifty years,” enthuses the lifelong journalist, author, commentator, and broadcaster who is now adding blogger to the strings in his bow.“I’ve been writing for a living since I was 17. Telling stories in an engaging, interesting and reliable way is something I really enjoy. I also enjoy adventures, always wondering about the possibilities that are around the next corner.“We have fantastic places to visit here in Laois and surrounding counties and we are so centrally set up to strike out to all other corners of our beautiful country. We are really very fortunate,” says one of the founder members of the Laois Surf Club.“#Vanlife has a big cult following right now in California and across the States. While our journey will be somewhat less exotic, the idea is the same.“We used to do this in a car and a tent so the campervan is a big step up in comfort and convenience. We actually bought a Transit panel van from Ger Doody in Downeys, Portlaoise and had it converted to our own specifications by a great company in Clare called Vanderlust, which is headed up by Dave Hanley.“They did a super job and that whole conversion process itself is really interesting.“When you invest in a campervan you must commit to the lifestyle to make the most of it as there is no point in leaving it parked up in the drive.“Apart from the road trips, the choice of so many fantastic destinations, where every room is a sea view and every meal al fresco, there are the locals, the local experiences, local food, places and people to get to know.“You can’t beat a cold beer and a BBQ when you arrive at your destination and the prospects of checking out the local events and festivals.“There is the walking, hiking, kayaking, cycling and of course the surfing and no road trip would be complete without the tunes, so you have to have a great soundtrack.“And no weekend complete without going to a gig, so there’s plenty of interesting stuff to write about, never a shortage of good stories to share and I love taking lots of photos as well. Our motto is – Níor Vana ach Campervana agus #Vanhalla,” he says, more than a little tongue in cheek.“I have had a lot of support and interest in setting up the blog and am amazed at the thousands of hits the site is already receiving. We are getting a massive reaction to our Vanhalla logo too. That was designed by Gav Cowley, a most creative man of many talents, who is also frontman with the Glimmermen.”You can check out Vanhalla – Camper Heaven blog at; on Twitter @Vanhalla1 and Instagram, Vanhalla. Facebook Five Laois monuments to receive almost €200,000 in government funding Rugby SEE ALSO – Popular Laois horse passes awaylast_img read more

first_imgHome We Are Laois 2019 Remembered: 19 Laois people to watch out for in 2019 We Are Laois 2019 Remembered: 19 Laois people to watch out for in 2019 GAA GAA By LaoisToday Reporter – 23rd December 2019 WhatsApp WhatsApp Here are all of Wednesday’s Laois GAA results TAGS2019 Remembered Facebook Previous articleA guide to Christmas Mass and Service times around the countyNext article2019 Remembered: Popular Portlaoise priest takes up new role in Abbeyleix LaoisToday Reporter We’ve made a few questionable calls in our time but we think we nailed this list!They all did us proud this year.There’s any amount of talented young Laois people making strides in various fields and we’ve picked out 19 of them to keep an eye on in 2019.Gaelic Football – Mark BarryMark Barry celebrates with his family and girlfriend following O’Dempsey’s Division 1A winMark Barry has been making waves at juvenile level for a number of years and he translated that form into the adult ranks when he made the step up in 2018.He has since been drafted into the Laois senior set-up. The O’Dempsey’s forward is eligible to play for the U-20s for the next two years but he may end up leap-frogging that grade like Finbarr Crowley did last year.Hurling – Aaron Dunphy Aaron DunphyIt seems like Aaron Dunphy has been around for a long time but he is still only 21.He played for the Laois seniors under Cheddar Plunkett but did not play for the last two years. He is back now under Eddie Brennan and we expect the Borris-Kilcotton man to become one of the main forwards.Basketball – Liam Kinsella The Portlaoise Panthers Men’s team are going through a rebuilding phase at the moment with a number of young players coming through.One of those who is really shining is Liam Kinsella. The multi-talented teenager from The Heath, is also part of Billy O’Loughlin’s U-20 football squad. He also happens to have one of the coolest hairstyles in Laois.Camogie – Kirsten KeenanKirsten Keenan in action for Camross in this years Laois club championship final against O Moores. Photo: J OsborneKirsten Keenan was part of the Laois U-16 camogie team that won an All-Ireland ‘B’ title in 2017 and she will be hoping to repeat the trick at minor level in 2019.Keenan made her debut for the Laois senior camogie team last year and will hopefully continue her progress in that sphere next year.Music – Kean Kavanagh Laois has a very strong base of musicians and one young man who continues to make great strides is Portlaoise native Kean Kavanagh.He performed with Kojaque at the Electric Picnic in 2018 and also released his own song ‘Coca Cola Sky’. We expect to see a lot more from him in 2019.Politics – Veronica Wheatley Veronica Wheatley, Laois Macra’s representative in the 2018 International Miss Macra Festival.There are a number of up and coming Laois women involved in politics at present but we’ve gone for one who is set to contest a big role in 2019.Veronica Wheatley, from Doonane near Crettyard, is the current Laois county chairperson and a prominent member of East Laois Macra. She will seek nominations to challenge for the position of Leinster vice-president.Ladies Rugby – Emma Hooban Emma Hooban with her dad PatThe end of 2018 saw Laois’s Ladies Rugby Irish Internationals rise from one to two as Emma Hooban played in two Test games at the end of the season.It was a huge achievement for the Portlaoise hooker. Her next goal will surely be to make the Six Nations squad where she will most likely be joined by Arles winger Alison Miller who has recovered from a horrific leg injury.Men’s Rugby – Sean Masterson Sean MastersonInjury ravaged much of 2018 for Sean Masterson but we are hoping for much better things for the Ratheniska native this year.The powerful back-row damaged his shoulder at the end of 2018 but should be back to full fitness this year and ready to push into the Connacht set-up.Soccer – Kelvin BurkeSoccer is another sport that is on the up in Laois. Garry Comerford (Cork City) and Niall Corbet (Bohemians) are both playing in the League of Ireland while Colin Conroy (Bohemians) captained the Republic of Ireland at U-16 level in 2018.And we will be monitoring the progress of Kelvin Burke very closely too. The St Aengus youngster signed for St Patrick’s Athletic a few months ago and will feature for them in the U-15 League of Ireland this year.Athletics – Ava O’Connor Ava O’ConnorEmo teenager Ava O’Connor is a rising star in the world of athletics.She ran in the 1,500m at the Tailteann Games in Santry in the summer and took away a silver medal. Her achievement made all the more incredible by the fact she is eligible to run at that grade again this year!Actor – Micheal FlemingSwanDive Productions is a company spear-headed by Micheal Fleming of The Swan.His movie ‘Vegetable’ managed to scoop three awards at the eclectic Underground cinema Short Film festival in 2018 and he also showed he is as good in front of the camera as he is behind it when he starred in the Christmas ad for eir. We certainly look forward to what 2019 has in store for him.Influencer – Jamie McNamara We hear all the time about ‘influencers’ now and they really are a thing. Last year, we chose Dylan Brennan in this category and he has now amassed over 36,000 followers on Instagram.This year we are going for Jamie McNamara from Portlaoise. If you are into fitness and personal training, the UL student is worth following.Make-Up – Ciara Dooley Ciara has continued to impress with her makeup artistry throughout the year. Not only did she make our list of top makeup artists but also top Instagrammers for 2018.Honing her skills at Vanity X Makeup in Dublin, Ciara has set up a makeup studio based in her home. She even worked with us on creating that go-to festival look for the Electric Picnic. The glow Gods are shining brightly on this young Portlaoise woman and we expect more of the same in 2019.Ladies Football – Sarah LarkinA young Stradbally woman with a bright future ahead of her. Timahoe Ladies midfielder Sarah Larkin has all the attributes to become something special.She excelled on the U-16 Laois team which reached the All-Ireland final last year and will be a valuable asset to the minors this year.Golf – Niall HearnsMountrath native Niall Hearns broke records galore in 2018 and we’re tipping him for further success this year.He equalled the Mountrath Golf course record and also put in a number of fine performances on the national stage. Something we should see more of in 2019.Swimming – Sean Scannell Seán Scannell, pictured with his coach John Duffy, after the Irish Open swim eventPortlaoise teenager Sean Scannell is making serious waves in the water – excuse the pun.The St Mary’s CBS Leaving Cert student swam at the European Youth Olympics in 2017 and will be aiming for a place on the Ireland team for the World and European Junior Championships in 2019. The qualifiers for these take place in March and Scannell will hope to compete in the 50, 100 and 200 metres.Hockey – Elva KerrKilkenny College won the school and the South East region’s first Kate Russell All-Ireland Schoolgirls Hockey Championship since 1994 last year.Young Ballyfin student Elva was on that team and she will be a big part of the team this year that will try to defend it. Elva’s twin brother Luke is also on the school’s rugby team. A dynamic duo.Boxing – Michael Nevin Michael NevinBack in February last year, Michael Nevin became the 75kg Middleweight Irish champion after defeating Derry man Brett McGinty.He went on to compete in the EU Championships in November where his medal hopes were dashed in the quarter final after a facial cut he received in the last 16 win reopened and couldn’t be stopped. But we expect the Portlaoise man to put that behind him and power on in 2019.Producer – Aisling CaltAisling Calt directed ‘Capsule’ by Areaman Productions and filmed an episode of the series in The Store Yard, Kea-Lew Business & Retail Park in Portlaoise – and it is currently on the RTE Player.The Portlaoise native is really up and coming in this sphere and we’ll be keeping an eye out on her next production in 2019.SEE ALSO – Check out more from the 2019 Remembered Series Pinterest Facebook RELATED ARTICLESMORE FROM AUTHOR GAA Twitter 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Pinterest Twitterlast_img read more

first_img TSX gets lift from financials, U.S. markets rise to highest since March Share this article and your comments with peers on social media Related news S&P/TSX composite hits highest close since March on strength of financials sector Toronto stock market dips on weakness in the energy and financials sectors Gains in the energy, gold and metals sectors helped lift the Toronto stock market higher to kick off the trading week Monday. The S&P/TSX composite index added 43.04 points at 14,598.45, making up some lost ground on Friday when the market shed more than 1% cent. center_img The Canadian dollar fell 0.37 of a U.S. cent to 73.80 cents US. South of the border, investors seemed to be taking a breather following the strong rally in the wake of last week’s American election that saw Republican Donald Trump win the presidency. The Dow Jones industrial average climbed 21.03 points at 18,868.69 to hit a new record and finish higher for a sixth straight session. The broader S&P 500 fell 0.25 a point to 2,164.20, while the Nasdaq composite lost 18.71 points at 5,218.40. Canadian markets strategist Craig Fehr said there continues to be a broad sense of optimism in equity markets as investors view the Trump victory as a scenario that would lead to more infrastructure funding and less regulation over banks and health care. “For the past six to seven years, it’s been a recovery defined by subpar GDP growth. What markets have responded to is the potential for policy to become more of a tailwind than headwind,” said Fehr, who works at Edward Jones in St. Louis. Even though markets continue to climb, he cautioned there will continue to be volatility until investors can gain confidence that Trump will carry out on his pro-market campaign promises. Commodity markets were mixed as the December crude oil contract dipped nine cents to US$43.32 per barrel, as worries continued over whether OPEC will agree to an output deal that cuts production. The 14-member cartel consented to a pact in principle in September, as part of a concerted effort to limit oil production and support oil prices. It promised that more details of the plan will be revealed at its next official meeting on Nov. 30. OPEC members, which include Saudi Arabia and Iran, continue to pump record amounts of crude despite declining oil prices. The price of oil has fallen sharply since mid-2014, when it was over US$100 a barrel, dropping below US$30 at the start of this year. It’s unclear if a supply cut will help boost oil prices, or if non-OPEC nations will pick up the slack. Fehr said those answers are more in limbo now that Trump, who supports pro-energy policies, is the leader of the world’s largest economy. “The economic incentive for many of these producers is to run production as high as possible. If prices are low, you have to make it up with volume. I’m not surprised at all to see some potential potholes in this road to OPEC trying to rein in production,” he said. In other commodities, the December gold contract fell $2.60 to US$1,221.70 per ounce, December natural gas gained 13 cents at US$2.75 per mmBTU, and December copper contract gained a penny at US$2.52 per pound. Facebook LinkedIn Twitter Canadian Press Keywords Marketwatch last_img read more

first_img Keywords Earnings,  Banking industryCompanies Toronto-Dominion Bank The Toronto-based bank has extensive operations in the United States and the new tax rate will force it to adjust its U.S. deferred tax assets, liabilities and carrying balances. The one-time impact from the adjustments is expected to reduce TD’s common equity tier 1 ratio by approximately nine basis points. TD will report its first-quarter financial results on March 1. Facebook LinkedIn Twitter Canadian Press TD getting new head of private wealth, financial planning Related newscenter_img Canaccord reports record revenues, drops proposal to acquire RF Capital Fed plays limited role in assessing climate risks for banks Toronto-Dominion Bank (TD) expects its first-quarter results will be cut by about US$400 million due to changes in U.S. taxes, but says that a lower corporate tax rate will have a positive effect on future earnings. Tax changes signed by U.S. President Donald Trump late last year cut the corporate income tax rate to 21%, from 35%. Share this article and your comments with peers on social medialast_img read more

first_img The market frenzy surrounding video and electronics retailer GameStop is evidence of how social media-fuelled populism can affect markets and confuse clients, the president of a Toronto-based advisory firm says.“The GameStop craze is just another example of the power of how populism can be amplified through social media,” said John Webster, president of Queensbury Securities. “Stock markets democratize the prices of companies, and stock prices are a reflection of investors’ beliefs of a company’s value.” Facebook LinkedIn Twitter Related news Surging bond yields take a bite out of Canadian DB plans 40556994 - close up image of stock market data on a computer monitor. 123RF Keywords Stock markets,  Investment strategies,  Technology Companies outperform on digitization, prepare for further growth Webster said when “populist views” take hold and become contrary to the views of experts, the results can appear irrational — and can be financially damaging to many investors.“I had one client inquire about buying this stock,” said Webster. “I told them there is no investment thesis that would support this purchase other than hoping that continued volatility presents an exit opportunity. Speculative purchases such as this rely solely on the ‘greater fool theory.’”GameStop’s stock shot up more than 70% in early afternoon trading Friday, clawing back most of its steep loss from the day before, after Robinhood said it will allow customers to start buying some of the stock again. GameStop has been on a stupefying 1,900% run over the last three weeks and has become the battleground where swarms of smaller investors see themselves making an epic stand against the 1%. The moves are reverberating across Wall Street as concerns rise about how much damage the frenzy could do as its effects spill out into the broader market. The big professional investors who had been banking on a drop for GameStop’s stock are taking sharp losses. Investors say that’s pushing them to sell other stocks they own to raise cash, and that is helping to pull down parts of the market completely unrelated to the revolt by Main Street investors.The assault is directed squarely at hedge funds and other Wall Street titans that had bet the struggling video game retailer’s stock would fall. A couple have already essentially admitted defeat, with one saying Friday it would stop publishing reports on stocks it expects to fall. The army of smaller and novice investors, meanwhile, is pledging to keep up the momentum for GameStop’s stock in hopes of inflicting more pain on the financial elite.The volatility around GameStop and a few other stocks has drowned out many of the other issues weighing on markets, including the virus, vaccine rollouts and potential aid for the economy.“Our consideration is whether this is something that is a long-term influence or contained within a handful of companies,” said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management. Webster said he’s a believer in fundamental analysis and an efficient market in the long run.“We want to buy $1 for less than $1 — not $100, hoping that someone is willing to pay more in the future,” Webster explained. “There are plenty of opportunities out there which are less speculative. We invest; we don’t gamble.”Webster said any purchase, speculative or otherwise, must be in line with a client’s goals, objectives and risk tolerance. And, as an advisor, he would not accept any request if he did not believe it was in his client’s best interests.“If they really want to purchase a stock against my advice, they can open an online account elsewhere,” said Webster. “We are not obligated to follow a client’s instructions any more than a physician is obligated to write a prescription demanded by a patient. I have lost clients because of this approach but, as registered advisors, I believe we have a responsibility to always act in what we believe to be the clients’ best interest.”Market watchers say they expect the smaller-pocketed investors who are pushing up GameStop to eventually get burned. The struggling retailer is expected to still lose money in its next fiscal year, and many analysts say its stock should be closer to $15 than $330.In response, many users on Reddit have said they can keep up the pressure longer than hedge funds can stay solvent (although they often use more colourful language).The SEC said Friday that it is evaluating “the extreme price volatility of certain stocks’ trading prices,” warning that such volatility can expose investors to “rapid and severe losses and undermine market confidence.” Share this article and your comments with peers on social media The IPO market is booming Derek Clouthier, with files from Associated Press last_img read more

first_img Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Trending in Canada PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | virtual panelPlayThese spy shots get us an early glimpse of some future models | Since its introduction in 2009, the Dodge Journey has not received a major makeover, which means it is getting long in the tooth — this segment is moving at a rapid rate with many competitors getting a major refit in that timeframe. Where the Journey is appealing is the fact it is offered with seating for up to seven riders; the other plus for a growing family is the availability of built-in booster seats ($200). The rest of the cabin is up to snuff, offering plenty of comfort and room in all seating positions, although the optional third row is, as all tend to be, tight. There’s also generous cargo space: 1,122 litres with the seat upright and 3,810L in the five-seat model.The SXT arrives with a 4.3-inch touchscreen that anchors the infotainment functions. Accessing Dodge’s top system adds $1,495 to the SXT, but it is money well invested as it is one of the best infotainment systems around with its 8.4-inch screen along with backup camera and rear park assist system, among other things. Where the Journey lags is with safety features like blind-spot monitoring and lane departure warning; they just are not available.The SXT all-wheel drive arrives with Dodge’s strong 3.6-litre Pentastar V6. It pushes a healthy 283 horsepower and 260 lb.-ft. of torque through a six-speed automatic transmission. Where the base four-cylinder engine is loud and underpowered, the six is refined and brings an enthusiastic response to throttle input. It runs to 100 km/h in 7.6 seconds while returning a combined city/highway economy of 9.2 L/100 km. The all-wheel drive system drives the front wheels under normal conditions, but can send up to 50 per cent of the power rearward on demand. This makes it a reactive system.The SXT earns a “touring” suspension. It is sportier and does a better job of controlling unwanted body roll through a corner. The larger P225/65R17 tires also amp up the lateral grip. The downside is the sluggish feel imparted by the steering. Here, it lags behind both the Toyota RAV4 and VW Tiguan.The 2017 Dodge Journey SXT AWD arrives with combined discount of $3,885 and a pre-tax price of $32,045.Toyota RAV4 SE AWDCreated with Raphaël 2.1.2Created with Raphaël 2.1.22017 Toyota RAV4 On the last three Fridays of every month, Graeme Fletcher combines manufacturers’ incentives from with resale value, dependability and overall ratings to find you the best deal for your money in new cars. This week, we look at mid-level crossovers with all-wheel drive. The hot deals for May are on the 2017 Dodge Journey SXT AWD, Toyota RAV4 SE AWD and VW Tiguan 2.0 TSI Comfortline 4Motion.Dodge Journey SXT AWDCreated with Raphaël 2.1.2Created with Raphaël 2.1.22017 Dodge Journey Manufacturer Suggested Retail Price: $36,270 Toyota Canada Incentive*: $885Unhaggle Savings: $1,500 Total Savings: $2,385 Mandatory Fees (Freight, Govt. Fees): $1,925 Total Before Tax: $35,810Click here to lock in this exclusive price with your dealerFollowing a refresh last year, the Toyota RAV4 continues into 2017 with the addition of a new model, the Limited Platinum Package. As before it is offered in both gasoline and hybrid versions. Both models offer one of the best safety packages in the segment. All RAV4s get Toyota Safety Sense, which includes a pre-collision system with automatic braking, auto high beams, active cruise control and lane departure warning with keep assist. The SE featured here then adds blind-spot monitoring and rear cross-traffic alert.The RAV4 SE arrives well equipped with things like a heated steering wheel, automatic climate control, backup camera and navigation, with a seven-inch screen for the latter as standard fare. That’s a wealth of equipment. The other plus is the quietness of the cabin — there is minimal road and wind noise when travelling at speed. There’s also plenty of comfort in all seating positions and lots of capacity: 1,090L with the seats up and 2,080L with them folded. The SE’s downside is the SofTex “leather” that wraps the seating — vinyl is vinyl any way you cut it.The RAV4 arrives with a 2.5L four-cylinder engine that produces 176 hp and 172 lb.-ft. of torque – not the best numbers in the segment, but enough to reach 100 km/h in nine seconds while returning 9.7 L/100 km. If fuel economy is important, the SE Hybrid has an average economy rating of 7.3 L/100 km; the premium for the SE Hybrid over the regular SE is $2,330.One of the SE’s fortes is the manner in which it handles. Being the sportiest model, it benefits from its sport-tuned suspension and P235/55R18 tires. The combination reduces body roll while sharpening the response to steering input. The all-wheel drive system with Dynamic Torque Control powers the front wheels under normal conditions, but can send up to 50 per cent rearward in a proactive manner — it splits the power evenly under hard acceleration and through a corner.The Toyota RAV4 SE AWD featured carries an MSRP of $35,810 after combined savings of $2,385.VW Tiguan 2.0 TSI Comfortline 4MotionCreated with Raphaël 2.1.2Created with Raphaël 2.1.22017 Volkswagen Tiguan The Rolls-Royce Boat Tail may be the most expensive new car ever Manufacturer Suggested Retail Price: $33,998 Volkswagen Canada Incentive*: $2,750Unhaggle Savings: $1,100 Total Savings: $3,850 Mandatory Fees (Freight, Govt. Fees): $1,935 Total Before Tax: $32,083Click here to lock in this exclusive price with your dealerWhile the Volkswagen Tiguan is entering the twilight phase of its career (the next-gen model is already prowling European roads), it still manages to hold its own in an increasingly tougher segment. The midrange Comfortline is a blend of Teutonic functionality, rich materials and plentiful equipment.The list includes an eight-way power driver’s seat, power panoramic moonroof and a 6.33-inch infotainment touchscreen with Android Auto and Apple CarPlay functionality. There is plenty of headroom and space up front. The rear riders will find the legroom somewhat tight if the front riders are taller. Space-wise, the Tiguan is listed as having 673L seats upright and 1,588L with the seats down, which is tight by segment standards. The rear seats recline and slide back/forth to maximize leg space or cargo capacity, which is a plus. As with the RAV4, the Tiguan’s “leatherette” is disappointing. Ditto the lack of safety equipment — the lone exception is a backup camera.The Tiguan arrives with a peppy 2.0L turbocharged four-cylinder that generates 200 hp and 207 lb.-ft. of torque with commendably little turbo lag. It drives all four wheels through a slick six-speed automatic. The combination brings a run to 100 km/h of 8.1 seconds and an average city/highway economy of 11.1 L/100 km.The Tiguan’s fully independent suspension brings an enviable blend of ride comfort and handling agility. It is a comfortable highway cruiser, however; toss it into a double-apex corner at a rapid rate and it clips both accurately while delivering reassuring steering feedback and little in the way of understeer. Of the three, it is the sportiest by far. The handling is helped by VW’s 4Motion all-wheel drive system. It reacts quickly to changing conditions and it shuttles the power around in a fast and seamless fashion. It also makes good use of VW’s brake-based electronic locking differential — it brakes a spinning wheel, which forces the drive to the one with grip. It is a well-sorted system.The VW Tiguan 2.0 TSI Comfortline 4Motion has a total discount of $3,850 and an MSRP of $32,083.Compare the Dodge Journey, Toyota RAV4 and Volkswagen Tiguan side-by-side hereTransport Canada lists one recall for the VW Tiguan (#2016662). “Certain vehicles may have been equipped with airbag and/or pretensioner igniters that do not meet specifications. This could cause affected airbags and/or pretensioners to fail to deploy properly in the event of a crash.” Dealers will replace the affected airbag and/or pretensioner. There are no recalls listed for the Dodge Journey or Toyota RAV4.The Insurance Institute for Highway Safety rates the Dodge Journey as a disappointing (and worst) Poor in the small offset front crash test. It does get Good ratings for the moderate offset, side impact, roof strength and head restraint/seat tests. The VW Tiguan is rated as Marginal (second worst) for the small offset front impact test. As with Journey, it earns Good scores in all the other tests, but it is not rated for forward crash prevention and gets an Acceptable for headlight performance. The Toyota RAV4 puts on the strongest showing, rating as a Top Safety Pick+ thanks to its Good ratings in all crash tests including the small offset crunch. It also gets a Superior rating for forward crash prevention. Headlight performance is Acceptable.The projected resale value of these midlevel all-wheel-drive crossovers in 2022, after being driven an average of 20,000 km/year, is $9,365 for the Dodge Journey SXT AWD, $13,515 for the Toyota RAV4 SE AWD and $10,640 for the VW Tiguan 2.0 TSI Comfortline 4Motion.The Poor crash performance of the Dodge Journey and VW Tiguan in the small offset crash test rule both out as the hot deal — while both pass the other crash tests criteria with flying colours, the small offset crash test is becoming the benchmark by which overall occupant safety is now judged. This leaves the Toyota RAV4 as the hot pick. It is well-equipped and has a poised driving demeanour in SE guise. It also passes all crash standards, has the strongest resale value and its reliability over the years has been well above average. Handout / Toyota Manufacturer Suggested Retail Price: $33,995 Dodge Canada Incentive*: $2,385Unhaggle Savings: $1,500 Total Savings: $3,885 Mandatory Fees (Freight, Govt. Fees): $1,935 Total Before Tax: $32,045Click here to lock in this exclusive price with your dealer *Manufacturer incentive displayed is for cash purchases and may differ if leasing or financing. For more information on purchasing any of these vehicles or others, please visit While data is accurate at time of publication, pricing and incentives may be updated or discontinued by individual dealers or manufacturers at any time. Typically, manufacturer incentives expire at the end of every month. Vehicle availability is also subject to change based on market conditions. Unhaggle Savings is a proprietary estimate of expected discount in addition to manufacturer incentive based on actual savings by Unhaggle customers. Taxes are extra and vary by province. See More Videos RELATED TAGSDodgeJourneyRAV4TiguanToyotaVolkswagenNew Car DealsNew Car DealsNew VehiclesAutomotive EnginesAutomotive ReviewsAutomotive SafetyAutomotive TechnologyDodge JourneyGraeme FletcherInsurance Institute for Highway SafetyScience and TechnologyTechnologyToyota Motor CorporationToyota RAV4Transport CanadaUnhaggle.comVolkswagen Tiguan COMMENTSSHARE YOUR THOUGHTS We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Trending Videos advertisement Created with Raphaël 2.1.2Created with Raphaël 2.1.2 This week’s Unhaggle deals include the Toyota RAV4, Volkswagen Tiguan and Dodge Journey. ‹ Previous Next ›last_img read more

first_imgReddIt Subscribe to the Afternoon Brief Home Afternoon Brief Afternoon Brief, April 21Afternoon BriefAfternoon Brief, April 21By Press Release – April 21, 2014 29 0 Twitter Pinterest TAGSAlex RyanAustraliaBill DoddCaliforniaChinaCraft Beverage ExpoDiageoDroughtDuckhorn VineyardsFranceGI PartnersMount Palomar WineryNapaNew ZealandPaso RoblesRick MagnusonSonomaSuntoryTemecula ValleyViticultureWalla WallaWashingtonWine Industry ConferenceWine KegWine Law Linkedin Facebookcenter_img Trending Story:Find the Tools to Grow Your Boutique Wine Business at the Craft Beverage ExpoAs a boutique label, you may be feeling more pressure as imports and big wineries try to dominate the retail shelves and push the craft wineries to the side…Today’s News:In drought dilemma, water district cuts off growers to ensure supply for homesA small water district in Mendocino County will be shutting off the valves Monday that supply irrigation to more than 2,000 acres of vineyards and other crops, leaving nearly 200 farming customers without their main source of water…Temecula Valley’s Mount Palomar Winery damaged by gas explosionA propane gas explosion on Friday, April 19, gutted the tasting room and kitchen at Mount Palomar Winery in the Temecula Valley Wine Country area, causing around $2 million in damages, according to Cal Fire…Wine industry toasts Bill Dodd’s Assembly bidIn his bid for a seat in the California Assembly, Napa County Supervisor Bill Dodd hasnt been shy in pointing out that no resident of Napa County has held such a seat in a generation 34 years, to be exact…Beam Execs to Depart as Suntory Reportedly Mulls Moving Drinks Headquarters to U.S.One bottle of wine a day keeps the doctor away!Diageo Chateau & Estate Adds Provence’s Chateau Minuty to Enter Booming Rose SegmentCalifornia rainy season winding down, water officials ramp up drought message“French wine will continue to dominate”New viticulture graduate program deal signed by top Chinese and New Zealand collegesWine Industry Conference Q&A: Rick Magnuson, GI Partners, and Alex Ryan, Duckhorn Wine Co.Wet weather threatens New Zealand’s Marlborough wineViticulture leads Bay jobs revivalWine bottles get second lifeRough reds sour top Australian wine exportsBlogs:Werewolf in Napa: How the Moon Affects WineHow Algeria created Europe’s appellation systemChina’s Next Move: How the Wine Superpower Continues to GrowWine Keg Company Ups Sustainability FactorDirect Sales by U.S Wineries Surpass $1.5BDebunking Screw Cap MythsA pinot noir manifesto calls for balanced winesDo we need another Sonoma appellation?The changing face of Washington’s Walla Walla ValleyShould sulphur in wine be curtailed?Email marketing could help you sell more wineWhen quality isn’t enough: the “lightbulb of recognition”Celebrating the Best Defined Wine Growing Region in CaliforniaThe surprising connection between wine and violent crimePaso Robles wine region is a quieter alternative to California’s more famous Sonoma Subscribe to the Afternoon BriefAdvertisement Share Email Advertisement Previous articleFind the Tools to Grow Your Boutique Wine Business at the Craft Beverage ExpoNext articleNew Ownership Announced for The Dallas Morning News and TEXSOM International Wine Competition Press Releaselast_img read more