World bread prices: soaring costs push UK loaf up table

first_imgSpiralling flour and fuel costs have helped propel the UK up the global ranking for bread prices, but the country remains one of the cheapest places to buy bread in the world.Figures from the Economist Intelligence Unit’s (EIU’s) Worldwide Cost of Living Survey show the average price of a kilo of bread in London rose from £1.09 in September, 2006, to £1.45 a year later. In Manchester, prices rose from 88p to £1.11.The EIU said rises had been compounded by the strength of sterling and the weakness of the US dollar, which has seen the relative cost boosted further compared to countries with weakening currencies or those linked to the dollar.”Bread prices in the UK have risen in local currency terms as rising commodity prices have been passed on to consumers,” said Jon Copestake, food and drink analyst and EIU survey editor. “In Manchester, the prices we surveyed rose 15.2% in the last year, although only 1.2% in the past six months. In London, bread prices rose 20.1% in the past year, 13.6% of which came in the last 6 months.”Despite the price rises, the UK is still one of the cheapest places in the world to buy bread. Of 130 cities surveyed around the world, London ranked number 70, up from 81 in 2006, in terms of price, while Manchester was at 93, up from 103.”Bread in the UK is seen as more of a staple than other countries. Production is highly developed and commoditised,” said Copestake. “Large scale consumption allows companies to exploit economies of scale and the market is highly competitive.”The research was based on bread from three categories of retailer. ’Low’ covers multiples, such as Tesco, ’medium’ equates to top-end supermarkets such as M&S and specialist shops, and ’high’ comprises food halls.last_img read more

Aryzta sees demand for bakery in half-year results

first_imgSwiss bakery specialist Aryzta has announced a revenue increase of 17.2% to €1.86bn (£1.33bn) in its food group for the six months to 31 January 2015. Sales in its European arm increased by 5.4% to €805.1m (£573m), while its North American food division increased by 31.1% to €937.2m (£667.5m) and, in the rest of the world, sales increased by 8.5% to €115.6m (£82.3m). EBITA increased by 15.8% to €224.8m (£160.1m).Owen Killian, chief executive, said the results underscored “the substantial expansion” of its food group business over the past six months. He also said the group’s new strategy was generating positive demand for its bakeries.“Our European performance remains resilient, being well-positioned and well-invested to benefit from continued strong growth in the in-store bakery channel. The restructuring of our flatbread business into a 50/50 joint venture will reduce European revenues by 6% over the next 12 months.“Our immediate focus is to generate sustainable underlying revenue growth, while optimising our production for higher returns and increased free cash flow. Weak underlying revenue growth, combined with favourable currency translation, suggests underlying fully diluted EPS at the lower end of our 7%-12% guidance.”last_img read more

NASCAR founder’s great-grandson wins K&N East race

first_img“It’s so cool to come here to Pensacola and win. This is a track with so much prestige.”—Ben Kennedy Ben Kennedy captured his first career win in dominant fashion — leading the NAPA Auto Parts 150 wire-to-wire as the NASCAR K&N Pro Series East made its inaugural visit to Five Flags Speedway on Saturday. ___________________________________________________________________________________________Comments are currently unavailable. We’re working on the development of a NASCAR fan forum – please stay tuned. Kennedy grabs first career K&N Pro Series East win in home state of Florida Earlier in the day, Kennedy established himself as the one to beat at the half-mile track in his home state — topping the speed chart in practice and winning the Coors Light Pole Award in qualifying.The 21-year-old from Daytona Beach held off multiple challenges throughout the 150-lap event and maintained command even after his sizeable lead was erased by a late-race caution.”It’s so cool to come here to Pensacola and win,” said Kennedy. “This is a track with so much prestige, and this is phenomenal.”Fifteen-year-old series rookie Gray Gaulding had to settle for second, with John Van Doorn third. Brett Moffitt came home fourth, followed by Kenzie Ruston. Bryon Ortiz, Dylan Kwasniewski, Sergio Pena, Ryan Gifford and Brandon Gdovic completed the top 10.Kennedy, the great grandson of NASCAR founder Bill France Sr., got his first NASCAR win last year in the Euro-Racecar Series in Tours, France. This was his first win in the U.S. and came in his 30th NASCAR K&N Pro Series East start. His previous best finish was third (twice).Kennedy was one of five drivers in the field with previous experience at the Pensacola track. He has twice competed in Super Late Models at Five Flags.The NAPA Auto Parts 150 will be televised on SPEED on May 2 at 3 p.m. ET.The next event on the NASCAR K&N Pro Series East schedule is the Blue Ox 100 at Richmond (Va.) International Raceway on April 25.For more results, audio, photos and information, go to hometracks.nascar.com.last_img read more

Presidents’ Day Weekend Winter Festival, Ice Castle, Canceled Due To Pandemic

first_imgImage by Justin Gould/WNYNewsNow.MAYVILLE – Like many treasured traditions the Presidents’ Day Weekend Winter Festival, and subsequent ice castle, will not come to fruition this winter.The Mayville-Chautauqua Community Chamber of Commerce announced the news on Monday.Officials say albeit the large bump in traffic during the Presidents’ Day weekend timeframe is a lifeline during a typically slow stretch for the region, the activity brings health concerns during a global pandemic.“We sincerely regret that we had to come to this conclusion, but we do so with confidence that it is the right decision to ensure the health and safety of our volunteer team, our members and our community,” said Sally Andriaccio, president of the Mayville-Chautauqua Chamber in a statement. “We’re excited instead to set our sights on 2022, and planning the biggest and best Winter Festival to help us celebrate being able to gather safely in large numbers again.” In recent months, the planning committee consulted with town and village officials as well as the Chautauqua County Department of Health and Human Services to explore the possibility of hosting the festival in some capacity.Image by Justin Gould/WNYNewsNow.The likelihood of continued strict health and safety regulations — plus the possibility of a forced last-minute cancelation regardless of the amount of time and funds invested — was more than the all-volunteer committee felt it could reasonably accommodate.“In the end, we felt the kind of festival we might be able to pull off, if even permitted, would not provide the level of enjoyment and satisfaction we strive to deliver for our patrons and vendors,” Andriaccio said. “We’re so grateful to our wonderful group of volunteers who help each year to make the festival so successful — and who use the opportunity to raise funds to support wonderful local charities and youth programs. We look forward to working with them again next year.”The festival has been held annually since 1985 at Mayville’s Lakeside Park. The group anticipate re-establishing the yearly tradition in 2022, complete with the signature ice castle, weather depending. Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)last_img read more

Nene Leakes Enters Cinderella’s Kingdom on Broadway

first_img Show Closed This production ended its run on Jan. 4, 2015 In addition to The Real Housewives of Atlanta, Leakes has appeared on (non-reality) TV in The New Normal and Glee. She has also competed on Dancing with the Stars and The Celebrity Apprentice. Cinderella marks her Broadway debut. Directed by Mark Brokaw, the production brings to the Broadway stage for the first time the tuner by Richard Rodgers and Oscar Hammerstein II that originally aired as a TV special in 1957, starring Julie Andrews. This Cinderella features a completely re-imagined book by Douglas Carter Beane and additional Rodgers and Hammerstein songs originally composed for other musicals. The production will play its final performance on January 3, 2015. The cast of Cinderella also includes Keke Palmer as Cinderella, Joe Carroll as Prince Topher, Judy Kaye as the Fairy Godmother, Ann Harada as stepsister Charlotte, Stephanie Gibson as stepsister Gabrielle, Peter Bartlett as Sebastian, Prince Topher’s mentor and Lord Chancellor, Todd Buonopane as the rebel Jean-Michel and Phumzile Sojola as Lord Pinkleton. Related Showscenter_img Cinderella She’s arrived, and the spotlight is on her, honey! The Real Housewife of Atlanta star Nene Leakes steps into Broadway’s Cinderella beginning November 25. She takes over as stepmother Madame from Sherri Shepherd at the Broadway Theatre. View Commentslast_img read more

Organized Crime Adapts to Coronavirus in Argentina

first_imgBy Juan Delgado/Diálogo June 01, 2020 Measures imposed by the Argentine government to stop the spread of the coronavirus, such as border closures and mandatory confinement, have affected organized crime networks operating in the region. However, there is evidence that transnational criminal groups are adapting.From late April to the first week of May, the Argentine Naval Prefecture and the National Gendarmerie reported seizing hundreds of thousands of packs of contraband cigarettes coming from Paraguay. Several local news outlets noted a boom in cigarette trafficking, as tobacco plants in Argentina discontinued their production when mandatory confinement began.According to InSight Crime, an international organization specializing in security threats in Latin America and the Caribbean, criminal gangs have adjusted their operations to respond to the Argentine cigarette shortage that the pandemic created. In a mid-May report, the organization said that the activity involves relatively low risks and huge profits.“When someone is caught smuggling drugs, they face around four years in prison, while cigarette smuggling might get them a few days behind bars and a fine,” an official from Formosa, a province bordering Paraguay and a point of entry for drugs and contraband in Argentina, told InSight Crime.Argentine Security Secretary Eduardo Villalba emphasized that cigarette smuggling has beset the country for several years, especially in coastal areas and on the borders with Paraguay and Brazil. However, “it has become more evident” during the coronavirus crisis, he told Diálogo.Another indication that criminals are adapting is the increase in clandestine border crossings between Paraguay and Argentina, said Carolina Sampó, a coordinator at the Center for Studies on Transnational Organized Crime at the National University of La Plata. National Gendarmerie units reported dismantling more than 60 clandestine border crossings between the two countries from mid-March to late April. Most of the clandestine bridges  — precarious structures made of wooden planks — were found over the Pilcomayo River that separates the two countries in Formosa province, news portal Infobae reported.According to Martín Verrier, an organized crime expert and international relations professor at the University of Belgrano in Buenos Aires, criminal groups now face additional difficulties in moving illegal products, due to the more rigorous controls that authorities carry out.“COVID-19 has significantly reduced the intensity of the international and domestic trade, affecting the narcotrafficking logistics chain,” Verrier told Diálogo. Criminal gangs, however, seek to evade movement restrictions imposed to stop the spread of the coronavirus, such as by using means of transport that are exempt from government measures.For example, criminals have been using private taxis in the port city of Rosario to distribute cocaine, InSight Crime indicates. In mid-April, the police of El Chaco, a northeastern province, arrested three nurses carrying cocaine inside an ambulance. A few days earlier, the National Gendarmerie seized more than 260 kilograms of cocaine in two refrigerated trucks carrying meat in the city of Clorinda, in Formosa province.In its May 13 report How COVID-19 is Changing the World: A Statistical Perspective, the United Nations Office on Drugs and Crime says that the coronavirus has affected narcotrafficking globally, but points out that its impact is mainly linked to the way drug shipments typically cross borders. For example, international trafficking of heroin, which is mainly transported by land, has suffered more than cocaine trafficking, which relies more on sea routes, the report says.“Organized crime is always more agile and flexible than the governments themselves,” InSight Crime executive director Jeremy McDermott told BBC News. “They have the means to change their modus operandi quickly.”last_img read more

Court to consider class action request of Target FI plaintiffs

first_img 23SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The U.S. District Court District of Minnesota is scheduled to consider tomorrow whether to grant class-action status to financial institution plaintiffs with lawsuits against Target related to its massive data breach during the winter holiday shopping season in 2013.If the court certifies the class, it would allow financial institutions to join their claims against Target and seek damages as a class of plaintiffs, rather than individually. A “class action” lawsuit allows those parties with alleged losses to consolidate their losses and coordinate the use of attorneys, collection of evidence, requests of witnesses, and most other aspects of the litigation.Target’s data security breach compromised 40 million debit and credit card numbers and the personal information of as many as 70 million customers. CUNA’s 2014 research found that credit unions incurred $30.6 million in costs related to the breach–not including actual fraud costs.Target negotiated a $67 million settlement with payment network Visa Inc. that offered compensation to financial institutions in exchange for a release of potential legal claims. Financial institutions were not bound to accept that Alternate Recovery Offer. continue reading »last_img read more

Driving auto lending in a tough market

first_imgCar prices are going up—with average cost of a new vehicle reaching $37,000 in 2019, according to Kelly Blue Book. In response, consumers are buying more used cars. They’re also holding onto their cars longer—on average 11.4 years, according to R.L Polk—before buying another. And they’re looking for loan options that create monthly payments they can afford, plus easy applications.According to data from Equifax, Atlanta, “the number of loans originated is relatively stable, yet loan balances continue to increase,” notes Jenn Reid, VP/automotive marketing and strategy. “This is slightly different from leases, which are showing a falling number of lease originations but a more moderate rise in balances issued.“These numbers indicate that the automotive market in financing originations has been stable while the amount financed has increased throughout 2019 heading into the final months of the year. The rising balances are most likely a result of a stronger shift to trucks/SUVs when shopping.”In all, car loan growth for CUs in this environment has been moderate. At this writing, Callahan and Associates’ Trendwatch Report shows modest growth in Q3 2019 of 2.3% for new vehicles and 12.5% for used. The report also confirms a slowdown in overall auto finance market share for CUs, down 2%. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Great wine story in Osijek-Baranja County: 4 vineyards, 4 weekends of wine hedonism

first_img4 vineyards, 4 weekends of wine hedonism Wine from the DanubePhoto: Marko Banić, Archive of the Tourist Board OBŽ With open cellars, visitors will be able to learn something new about wine through organized Small Schools of Wine in each vineyard, enjoy concerts, poetry readings and guided walks through the vineyards. “We believe that enjoying wine, wine cellars and vineyards is the best social remedy after a period of restrictive measures”Concluded Jurić. Tatjana Roth, Head of the Administrative Department for Tourism, Culture and Sports, emphasized the importance of wine as a tourist product of Osijek-Baranja County. “Food and wine are closely linked to the identity and promotion of the destination, and the rich wine-growing area has a significant impact on attracting and attracting tourists to our county. Through the Osijek-Baranja County Wine Month, visitors will have the opportunity to visit our four vineyards and enjoy the beautiful drops produced by our hardworking winemakers who once again showed their readiness to join the event, open cellars and generously welcome guests to present their wines. .” Thus, visitors will be able to enjoy the open cellars of the most famous winemakers from the area of ​​Slavonia and Baranja, which will be open from 10 am to 19 pm. In each vineyard there will be an educational program Little School of Wine where visitors who pre-register will be able to learn a lot about wines, and there will be the usual concerts, exhibitions and poetry readings. Cover photo: Erdut vineyards, Photo: Matija Šćulac, CNTB Archives There will also be a wine safari, guided walks through vineyards and wine cellars with wine tasting, and nature lovers will be able to enjoy, in addition to walking, cycling, triathlon and hiking.  Ivana Jurić, director of the Osijek-Baranja County Tourist Board, pointed out that this is the first major event since the outbreak of the coronavirus pandemic, and due to the epidemiological measures in force, the Open Cellar Days will be dispersed according to the principle “4 vineyards, 4 weekends “To prevent all” wine lovers “from gathering at the same time in the same place. The visit to the Đakovo vineyards is planned at the time of marking the popular Đakovo berths, while the visit to the Erdut vineyards is planned to mark the International Danube Day on June 29. We open the days of open cellars with vineyards Baranja, and we’ve been hanging out there since 12. to 14.06. Next weekend (Saturday) is reserved for the vineyards Feričanci – 20. 6. The weekend after that, 27. and 28.06. is reserved for Erdut vineyards due to the celebration of the International Danube Day 29.06. We taste what the vineyards have to offer Đakovo 3 -. 4.07. at the time of commemoration Đakovo embroidery. The wine month is coming to an end 11.07. s Evenings of wine and art in Osijek, one of the most popular events in Osijek. Also, it is important to point out that the visual of the event is a continuation of the #HeadOnEast brand, premiered at the Days of Croatian Tourism, which delighted with its step forward and communication. #HeadOnEast stays and that’s the best news. Marija Burek, director of the Tourist Board of the City of Đakovo, pointed out the contribution of additional program content to this year’s Đakovo berths. “54. Đakovo berths are held from 3 to 5 July, and the Days of Open Cellars of Osijek-Baranja County are a great opportunity to supplement the program content of this well-known event, which this year, due to the effects of coronavirus, will be held on a smaller scale than previous year. As part of the event, wine cellars will be opened on the wine-tourist road “Zlatarevac” Trnava and the wine-tourist road Mandićevac.” Matej Perkušić, director of the Baranja Tourist Board, pointed out that Baranja, as the flagship of continental tourism, will offer everything that visitors expect from this type of event – quality wines, great food and a beautiful natural environment. “Days of open cellars give us hope, after these difficult times caused by the virus, to offer quality content to many tourists who are already slowly arriving in our area to relax and enjoy” In the end, we should definitely praise the synergy and the completed quality tourist product in four destinations. So far, Slavonia is not too recognized or branded as a wine region, although it certainly is. In fact, in Slavonia there are top and famous wineries such as: Ilok cellars, Belje, Erdut vineyards, Feravino, Kutjevo, Daruvar winery, as well as many other famous top winemakers such as Josic, Kalazic, Krauthaker, Galic, Enjingi, Antunovic Turk , Papak and many others. The Osijek-Baranja County Tourist Board and the Osijek-Baranja County are organizing a wine month, respectively “Open basement days” in period of 12.06. to 11.07.2020. in principle – 4 vineyards, 4 weekends of wine hedonism. Certainly, such events are more than ideal as a motive for coming as well as branding Slavonia as a top wine region. “About ten days ago, we came up with a formula to make an event without a large concentration of people in one place, so we do a dispersed event Days of Open Cellars Osijek-Baranja County, which are held in accordance with the National Crisis Staff. The event is held in our four vineyards – Baranja, Feričanac, Erdut and Đakovo vineyards, while the finale will be held in Osijek, with the Evening of Wine and Art, one of the largest wine events in Osijek-Baranja County.”last_img read more

Belgian pensions reform could spark DB closures, expert warns

first_imgBelgian defined benefit (DB) pension fund face potential closure as the country continues with its harmonisation of employment rights between blue and white-collar workers.In 2011, the Belgian Constitutional Court deemed it illegal to offer different employment rights to blue and white-collar employees, in a leveling up of rights for the trade sector.As new rules came into force at the start of 2014, pension arrangements were shelved as negotiations between employer and employee representatives continued.In the coming weeks, the social partners are expected to publish their agreement, with the government swiftly accepting the proposals as law. However, historical discrimination between Belgian workers generally resulted in occupational-DB arrangements for white-collar workers, and blue-collar either given no coverage or defined contribution (DC) schemes.The social partners are to agree a transition period for the harmonisation of pensions rights, with employers potentially given 10 years to comply.Elke Duden, counsel at law firm Linklaters in Belgium, said that, given the chance of blue-collar workers claiming for DB rights, and the unpalatable cost for employers, many DB schemes could close to new members.Due to the cost of pensions reform, she said, employers in Belgium have become increasingly concerned with competitiveness against other European firms, thus moving for cheaper options.While plans are yet to be published, the likelihood is that employers will be given 10 years to transition to equal blue and white-collar offerings.“It is difficult to go into details, as we do not yet know what is expected, and it’s quite grey on the extent of the impact,” Duden said.However, current Belgian legislation means employers cannot force current members of DB schemes to move into a lesser scheme.With this being the case, Duden said she expected DB to duly shut to new members entirely, and that all new enrolment would move into an equal-footed DC scheme.“What is likely is, employers will terminate all current pension schemes and put in pace new schemes for new hires that are equal for both blue and white-collar workers,” Duden said.The other option, she said, would be for employers to provide the employee representatives with a plan that would see the leveling up of blue-collar benefits to match white-collar workers.However, given the costs associated with this, it is far more likely for legacy benefits to be shut off entirely.With this, Duden said, in effect, real harmonisation will not take place for around 40 years, as current members will remain in DB schemes, accruing benefits.The legacy of blue-collar workers not receiving occupational pension benefits has been a sore point among trade unions for some time.Earlier this year, the country celebrated its second-pillar system becoming larger than its third, as industry-wide pension schemes took hold.In 2004, the Belgian government legislated for the formation of industry-wide schemes which created compulsory membership for uncovered workers, many of which were employed in blue-collar industries.last_img read more