Scottish Widows sells £77m shopping centre portfolio

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Wider proxy voting scope behind Candriam 2016 activity ‘surge’

first_imgPan-European asset manager Candriam increased its voting activity significantly in 2016 as a result of it further widening its proxy voting scope. The €107bn asset manager doubled the number of company general meetings it attended in 2016, to 557 from 258 in 2015, and voted on 72% more resolutions (6,993 versus 4,072 in 2015).A spokesperson explained that this increase was mainly due to the extension of the asset manager’s voting scope to equity strategies outside Europe. It had been already expanding its voting internationally and continued with this in 2016, but last year it also broadened the number of funds for which it carries out the analysis that informs voting, he added.The figures reflected a growing trend on the continent: In a study published yesterday, the French asset management association AFG said that its members’ international voting coverage had increased, with participation at general meetings up 13% in Europe ex-France, and 9% outside Europe. This reflected voting activity being extended to certain fund categories and countries, but also “the opening of this activity to new markets, notably Asian and emerging markets”, according to the trade body. Candriam – which is headquartered in Luxembourg – attended the most meetings in the UK (20%), France (19%), and Germany (14%). It said that the main areas of concern in these countries revolved around the themes of director elections, share capital issues, and remuneration.One-third of the group’s votes against resolutions related to director elections, while a third related to remuneration.The asset manager voted against 37% of pay resolutions, including a proposed €7.2m pay package for the chief executive of carmaker Renault. With 54% of votes cast against, it was the first rejection of a pay package in France, Candriam said.“The board of directors decided to ignore the non-binding vote of shareholders and endorsed the payout, stirring even more controversy,” it added.A non-binding vote on pay was introduced in France in 2014.The three top reasons for Candriam to have concerns about pay last year were poor disclosure (46%), remuneration not being linked to performance (20%), and excessiveness (15%).The company engaged with more companies on environmental, social, and governance (ESG) issues last year than in 2015, it said. “Social issues” are becoming a more important topic for Candriam’s engagement with companies, catching up with the more ‘historical’ topics of governance and the environment, it added.AFG’s analysis of the 2016 voting season for French asset managers found that, in keeping with the diversification of portfolios, foreign companies represented two-thirds of equities managed by the French asset managers, and accounted for four-fifths of the meetings they participated in.AFG said the increased activity was a good indicator of asset managers’ engagement and that of the institutional investors mandating them. It attributed the developments to a confluence of factors, including a strengthening of corporate governance expertise within asset managers, and greater use of software, data processing tools, and providers such as proxy voting agencies.It also highlighted French asset managers’ push to win business from foreign investors as a factor, saying that non-resident investors “encourage, even demand” extensive proxy voting practices.last_img read more

Total buys stake in US supplier of LNG for transport

first_imgFrance’s Total has agreed to buy up to 50.8 million shares of Clean Energy, the California-based liquefied natural gas (LNG) supplier for transport, for $83.4 million. This will make Total, Clean Energy’s largest atock holder with 25 percent ownership of the company’s oustanding shares of common stock, Total said in a statement.With the acquisition, the two companies have entered into a strategic agreement to a strategic agreement to drive deployment of new natural gas heavy-duty trucks.This transaction is subject to, among other things, Clean Energy obtaining the approval of its stockholders’ meeting, which was originally scheduled for May 30, 2018, but which will be postponed to June 8, 2018, the statement reads.Clean Energy, with support from Total, also plans to launch a leasing program that is intended to place thousands of new natural gas heavy-duty trucks on the road and fueling at Clean Energy stations.Total intends to provide up to $100 million of credit support for the program, which the companies expect to launch in the third quarter of 2018.last_img read more

Damen to Build New RoPax for Timor-Leste

first_imgThe Republic of Timor-Leste and the Netherlands-based Damen Shipyards Group recently signed a contract for the provision of a new roll-on/roll-off passenger (RoPax) ferry.As informed, the vessel will operate a route between the Timor-Leste capital Dili, the Oecusse enclave and the island of Ataúro, providing regular transportation of passengers, vehicles and goods on the north coast of the island.Damen will conduct the design and management of the project at its head office in the Netherlands and construction of the vessel will take place at Damen’s Yichang Shipyard in China. Upon completion of its construction, the vessel will be delivered to Dili.With an aging vessel currently in operation, the Port Authority of Timor-Leste IP (APORTIL) decided to invest in a new ship that would begin operations in 2021. In a project co-financed by Timor-Leste and the Government of Germany, the RoPax is expected to lower operation costs, increase the reliability of the service, and improve employment opportunities due to the improvement in transportation networks.In preparation for the ferry’s arrival, APORTIL will undertake work to improve and build support infrastructures over the next 19 months.The extension of these maritime passenger connections will initially include a connection between Dili and Com, in addition to those already in place between Díli, Ataúro and Oecusse, with the aim of improving the quality of life of the populations in these areas, according to Damen. “This new ferry will help to connect Dili with other ports on the south and east coasts of Timor-Leste and improve access to market, education and institutions in Dili and provide other important services to Timor-Leste,” José Agustinho da Silva, Timor-Leste Minister of Transport and Communications said at the contract signing.The RoPax ferry 6716 will have a length of 67.3 meters, a width of 16 meters and a draft of 3.3 meters. The vessel is capable of a maximum speed of 10 knots and will have a carrying capacity of 380 passengers.last_img read more

Underage drinking party in Franklin County busted

first_imgBrookville, In. — Franklin County deputies raided an underage drinking party recently and arrested several people ranging in age from 14 to 24-years-old.Deputies were called to a residence on Rickman Road Saturday, November 10 around 11:30 p.m. After finding several people and alcoholic beverages Indiana State Police and the Laurel Police Department were called to assist.A total of 11 adults, under the age of 21 were arrested for Illegal Possession of Alcohol:Talia Ann Denney, age 18, of RushvilleDanny Lee Reed II, age 20, of RushvilleElizabeth Rose Cornelius, age 18, of West HarrisonZion Matthew Benjamin, age 18, of ConnersvilleBreydon Gage Thompson, age 20, of ConnersvilleBrandon Thomas Godar, age 18, of ConnersvilleBrady Alyn Gosnell, age 19, of ConnersvilleAniston Taylor Lee, age 18, of ConnersvilleJoshua Lee Durham, age 18, of ConnersvilleSkylar Hentz, age 19, of ConnersvilleAlan Christopher Jarrett, age 19, of ConnersvilleAll 11 were transported to the Franklin County Security Center and charged with illegal possession of alcohol. All were released after posting a $500 cash/surety bond.Eight juveniles were also charged in the incident.last_img read more

Biancucchi: How Messi found a way to cope against bigger opposition

first_img “Leo has a lot of love for Argentina, people never understand that,” Biancucchi said. “If it were not for insecurity, I have no doubt that he would play in Argentina, that is the only thing that can affect him when it comes to him returning. “It is my dream to be able to see Leo at Newell’s, but I see it as complicated. It is difficult, imagine that Messi plays a Classico, the kids have to go to school…the city is hell.” Messi admitted last year he does dream of returning to Newell’s but stressed his family comes first. “I have the dream of being able to play for Newell’s in Argentina, but I don’t know if it’s really going to happen because I have a family that is ahead of my desire,” Messi told TyC Sports. read also:Ronaldo reveals what he admires about long-time rival Messi “It’s a dream I’ve had since I was little, but I have a family, I have three children, I live in a place that has given me everything and where I am calm and can give my children a spectacular future. “We think much more about that than my desire of playing football in Argentina. I will try to convince the family because today we have to convince the children too.” FacebookTwitterWhatsAppEmail分享 Loading… The Argentine has become a legend for club and country over the past 15 years, winning a record six Ballon d’Or awards in the process. The 32-year-old has never let his height stop him on the pitch, with his cousin revealing that even as a child, Messi never shied away from a challenge. “In the neighbourhood he played with us, we were bigger than him, and they told us: ‘Crazy, get him out because we are going to kill him.’ They wanted to hit him, but he put up with it,” Biancucchi told Ataque Futbolero via Ole. “When he was eight or nine, I would get up early on Saturdays to watch him play and he’d do impressive things. I could not believe it.” Having joined Newell’s Old Boys as a child before moving to Barcelona in 2001, many Argentines hold out hope Messi may finish his playing career at the club. While Biancucchi is keen to see his cousin play for Newell’s, he conceded a return is unlikely due to security issues in the region. Lionel Messi’s cousin, Maxi Biancucchi, has explained how the Barcelona star found a way to cope with being smaller than opposition players from a young age. Promoted Content5 Of The World’s Most Unique Theme Parks5 Of The World’s Most Unique Theme ParksMind-Bending Technology That Was Predicted Before It AppearedWhat Happens To Your Brain When You Play Too Much Video Games?14 Hilarious Comics Made By Women You Need To Follow Right NowWhat Happens When You Eat Eggs Every Single Day?11 Most Immersive Game To Play On Your Table Top6 Ridiculous Health Myths That Are Actually True6 Incredibly Strange Facts About Hurricanes9 Facts You Should Know Before Getting A Tattoo11 Strange Facts About Your Favorite TV Shows10 Awesome TV Series That Got Cancelled Way Too Soonlast_img read more

Liverpool’s Alexander-Arnold eyes captain’s armband

first_imgRelatedPosts Lampard: I still have confidence in Tomori Mane double eases Liverpool to win over 10-man Chelsea EPL: Chelsea, Liverpool in cagey duel Liverpool right back Trent Alexander-Arnold has already played in two Champions League finals and is set to make his 100th appearance for the club on Saturday and the 21-year-old now has his sights set on the captain’s armband.“I am not shy in saying that (being Liverpool captain) is a dream for me,” he said in an interview with the BBC.“Whether it comes true or not is not up to me. I don’t pick who is captain.“But that is something I would love to do one day. Captaining Liverpool is something I have always dreamed of and it is something that motivates me.”Alexander-Arnold grew up in the city and entered the club’s academy at the age of six.He has no thoughts about playing anywhere else.“I’ve always been a Liverpool player, Liverpool has always been my home,” he added. “I have never thought about changing clubs.“When I grew up, the dream was always to play for Liverpool. Now I am living the dream and I can’t see that changing.”Liverpool face Aston Villa in the Premier League on Saturday.Reuters/NAN. Tags: LiverpoolTrent Alexander-Arnoldlast_img read more

Focus key to title push – Lampard

first_img The Blues maintained the pressure on leaders Arsenal with a hard-fought 4-3 victory at lowly Sunderland on Wednesday night. For the second time in four days, Jose Mourinho’s men had to come from behind to take the points, and England international Lampard knows they will need to show the same kind of resilience at Stoke on Saturday if they are to emerge triumphant. The Belgium international blasted the visitors into a 37th-minute lead, cutting inside Bardsley and Craig Gardner before firing across goalkeeper Vito Mannone and inside the far post. He repeated the feat 17 minutes into the second half after John O’Shea had levelled for the Black Cats, this time collecting Lampard’s back-heel and carving a path through the penalty area before drilling a shot into the back of the net. Lampard said: “Eden Hazard was different class. It’s the best individual performance I have seen in a while. “The only player who is probably putting in those sort of performances is (Manchester City’s Sergio) Aguero. “This season he has put in some individual performances which I have seen some of those from afar, but to play with, that was just top drawer. “He kept slipping inside people and getting his shots away. He was the big difference. “As a team, we played very well, but he was that little bit of extra quality that wins you these games.” Phil Bardsley’s 84th-minute own goal looked to have given Chelsea breathing space, but the defender quickly atoned for his error at the other end as the visitors were punished for the third time for failing to defend a set-piece adequately, and that made for a tense conclusion. Lampard said: “Balls bounced down for them. We can look at ourselves a bit, but you just do have sometimes nights where that happens. “But we went through on goal a few times, created lots of chances and were very flowing. “It could have been easier. We certainly dominated big parts of the game and created chances. I thought we played really well, really, apart from that nerve-wracking last eight minutes or whatever. “I don’t know where he (referee Phil Dowd) got six minutes from of extra time, but we had to dig in. But we have got to take a lot from the performance. It’s not an easy place to come in December.” Frank Lampard has warned his Chelsea team-mates their Barclays Premier League title hopes will be determined by attitude. Asked about his side’s developing consistency, the 35-year-old Told Chelsea TV: “That’s it, and let’s carry on like that. “A lot of that, for me, is attitude and focus. We have got the squad, we have got the players, we have to get ourselves up for every game, we have to really, really focus because every game is difficult these days. “More than ever, that’s true. Coming up to Sunderland, going up to Stoke on Saturday – if we go up there with the wrong attitude, we won’t win, so it’s up to us.” It was Lampard who dragged Chelsea back into the game at the Stadium of Light after United States international striker Jozy Altidore had fired the hosts ahead with his first league goal for the club after 14 minutes. The midfielder found himself completely unmarked in front of goal after Eden Hazard had wrong-footed full-back Phil Bardsley three minutes later and had the simplest of tasks to head home his fifth of the season. Lampard said: “You get a sense with players like Eden when they are going to cut back and feint to cross. I waited for him to feint and then just arrived at the right time. “He put in on a sixpence, really. If had missed that, then I would have been a bit upset.” However, if Lampard was the catalyst for what followed, Hazard took up the baton to turn in an individual display which had his manager and team-mates alike purring. Press Associationlast_img read more

CSU Revises Hurricane Forecast, Doubles Number of Named Storms

first_imgIn addition, the National Oceanic and Atmosphere Administration plans to release their updated forecast for the 2020 Hurricane Season on Thursday.Currently, the NOAA is also calling for an above average season with 13 to 19 named storms, 6 to 10 hurricanes and 3 to 6 major hurricanes, that is category 3 or greater. This season has seen nine named storms thus far. The unusually amount by this time of the season is two named storms. In addition, five of the storms have made landfall in the United States.Researchers cite warmer than normal sea surface temperatures across the tropical Atlantic, as well as vertical wind shear that is well below average, as the reasons for the above-average probability in predicted storms.View their data here. Colorado State University on Wednesday updated its forecast for the 2020 Atlantic Hurricane Season.They are now predicting that we will see 24 named storms, 12 hurricanes and 5 major hurricanes this year.For that reason, CSU expects the Greek alphabet to be used later in the season, if or when the regular name list is completely exhausted.The only other time the Greek alphabet was used was during the historic 2005 season, which had a a record 28 named storms.One reason for increase in CSU Atlantic #hurricane season forecast is extremely warm tropical Atlantic sea surface temps. Currently 4th warmest on record (since 1982), trailing 2005, 2010 & 2017. Warmer water means more fuel for storms, also typically more atmospheric instability— Philip Klotzbach (@philklotzbach) August 5, 2020last_img read more

Police: Drunk FL man walks into HS classroom with knife to ‘test security’

first_imgA Florida community is on edge after a man carrying a pocket knife was able to enter a local high school and sit down inside a classroom.Derek Marlowe was arrested Friday and charged with trespassing, disrupting school functions and breach of peace.Police say the 51-year-old was intoxicated when he rode a bike to Spruce Creek High School in Port Orange and walked inside, “unchallenged.”Marlowe reportedly entered the high school through an unlocked door.The teacher activated his emergency alert button located in the classroom, which said to send assistance immediately.However, the school was not put on lockdown nor were any code red calls made.School district officials admitted that “at least some protocols” for security were not followed properly.The incident is now under review.Deputies say, Marlowe, who has an extensive criminal history, was rambling about testing security.last_img read more