Global miner Rio Tinto approved a $3.1bn (£1.9bn) iron ore expansion, staking a claim to become the world’s top producer and defying industry concerns over a new Australian mining tax.Iron ore miners are ramping up production to meet booming demand from Asia, with most of the growth in output set to come from Australia where two of the world’s biggest producers, Rio Tinto and BHP Billiton, dominate.Rio Tinto’s move to boost output by 28 per cent follows this week’s demise of a planned joint venture with BHP Billiton in northwest Australia’s Pilbara region aimed at saving the companies $10bn in costs. Wednesday 20 October 2010 2:49 am John Dunne BHP Billiton unveiled a six per cent rise in quarterly iron ore output on Wednesday and is also planning to expand its Australian iron ore operations to meet booming Asian demand.Rio Tinto’s announcement, combined with BHP Billiton’s production surge, eclipsed news reports on Wednesday that suggested they and other miners risked being double-taxed under Australia’s proposed 30 per cent tax on iron ore and coal. whatsapp Share Tags: NULL whatsapp Show Comments ▼ Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Rio Tinto in $3.1bn expansion
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whatsapp whatsapp BRENT crude prices rose yesterday to near $99 a barrel after production shutdowns, falling US inventories and growing demand sent oil toward triple digits for the first time since 2008.Crude gained after a US government report showed oil inventories fell for the sixth straight week, slashing supplies by nearly 27m barrels in that stretch, the biggest six-week decline since January 2008.Oil prices have been steadily climbing since the third quarter of 2010 on signs the improving economy was spurring demand for fuel. Tags: NULL Show Comments ▼ KCS-content Oil price is near to $100 a barrel Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Wednesday 12 January 2011 8:40 pm Share
Lafarge Africa PLC (WAPCO.ng) listed on the Nigerian Stock Exchange under the Building & Associated sector has released it’s 2015 abridged results.For more information about Lafarge Africa PLC (WAPCO.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Lafarge Africa PLC (WAPCO.ng) company page on AfricanFinancials.Document: Lafarge Africa PLC (WAPCO.ng) 2015 abridged results.Company ProfileLafarge Africa Plc is a cement manufacturing company in Nigeria offering high quality concrete and aggregates for the home building and construction sectors. The company is one of the oldest cement manufacturing companies in Nigeria and is a member of the LafargeHolcim Group, the largest building and concrete solutions company in the world. It also diversified interests in manufacturing paint, repairing electric motors, transport services and Kraft bag production. Lafarge Africa Plc has plants in Ewekoro and Sagamu in the South West district; Mfamosing in the South-South district; and Ashaka in the North East district of Nigeria. The company has installed cement production capacity of 10.5MTPA and has plans to increase its production capacity. Its product range includes cement, aggregates, ready-mix concrete and pulverized fly ash. Cement solutions are marketed under the brand names Elephant, Ashaka, Supaset, PowerMax and Unicem. The company’s head office is in Lagos, Nigeria. Lafarge Cement WAPCO Nigeria Plc is listed on the Nigerian Stock Exchange
CA Sales Holdings Limited (CAS.bw) listed on the Botswana Stock Exchange under the Industrial holding sector has released it’s 2017 prospectus For more information about CA Sales Holdings Limited (CAS.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the CA Sales Holdings Limited (CAS.bw) company page on AfricanFinancials.Document: CA Sales Holdings Limited (CAS.bw) 2017 prospectus Company ProfileCA Sales Holdings Limited, listed on the Botswana Stock Exchange, of businesses that operate in Southern Africa. It operates within the FMCG industry and delivers services to blue chip manufacturers, both locally and internationally. Its service offering includes selling, merchandising, warehousing, distribution, debtors administration, marketing & promotions, point of sale warehousing and training. The group has offices and facilities in all the main centres throughout Botswana, Swaziland, Namibia, South Africa, Lesotho, Zimbabwe, Zambia and Mozambique.
Cim Financial Services Ltd (CIM.mu) listed on the Stock Exchange of Mauritius under the Financial sector has released it’s 2021 interim results for the half year.For more information about Cim Financial Services Ltd reports, abridged reports, interim earnings results and earnings presentations visit the Cim Financial Services Ltd company page on AfricanFinancials.Cim Financial Services Ltd Interim Results for the Half Year DocumentCompany ProfileCim Financial Services Limited (Cim Group) is headquartered in Mauritius that is regulated by the bank of Mauritius as a non-banking deposit taking institution and licenced by the Financial Services Commission as a credit financing institution offering a range of credit. The company avails individual consumers, SMEs and large corporates with financial services such as consumer finance, crediLimited t card, forex, leasing and factoring. Cim Financial Services is listed on the Stock Exchange of Mauritius.
Market sentiment is gradually improving, but stock pickers need to remain on high alert. I recently explained why Shell is one to avoid, despite its meaty share price gains of Wednesday. It’s not the only FTSE 100 trap waiting to snare investors though.Next (LSE: NXT) is a share I’d also happily avoid today. The supermarkets might be enjoying a sales boom right now, as panicked shoppers stockpile essentials. The story is very different for retailers that specialise in discretionary items.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The latest Distributive Trends Survey from the Confederation of British Industry (CBI) illustrates this point perfectly. This shows “non-store retailers reported a fall in sales volumes” in the year to March, and that “internet sales growth slowed to a below-average pace.”Things have been particularly bad for the likes of Next too. A net balance of -75% of clothing retailers reported a reversal of sales volumes in the period. Conditions also look set to remain difficult next month — a net balance of -26% of survey respondents said sales volumes would likely decline in April. This is the worst reading for 11 years.Troubles spread onlineWhat’s particularly worrying for Next and its peers is that the report only ran up to the period to 13 March. The trading picture has worsened since then. Government directives has demanded all sellers of non-essential goods and services shut up shop to halt the spread of coronavirus. It’s an order which is expected to remain in place until at least the summer.Clearly though, Next doesn’t just have to fear sinking revenues from its physical stores. That CBI study shows online shoppers are also reining in spending following the Covid-19 outbreak. I fear trade could get more and more difficult for the retailer’s Next Directory e-commerce division, as the UK economy steadily sinks and unemployment rates likely explode.Reassuring wordsThe FTSE 100 retailer attempted to assuage nerves last week. In full-year financials, it estimated that even if full-price sales dropped 25% in 2020 because of the coronavirus — representing a gigantic £1bn hit to the top line — that it could “comfortably” absorb the blow without exceeding its current bond and bank facilities.It also advised that while its stress tests included the benefit of government plans to grant business rate holidays, it didn’t incorporate other measures such as wage support.Cheap for a reasonHowever, this statement isn’t enough to tempt me to buy in. I worry that Next’s sales could fall off by more than a quarter in the current climate, a situation that could cause some serious financing problems.Next could also face problems keeping its supply chain in tact as infection rates spread. An alarming fall in the pound (it hit its lowest for almost four decades against the US dollar recently) provides an added cost problem too.Next is pretty cheap at the moment. It trades on a forward price-to-earnings (P/E) ratio of 9.5 times, a reading its fans would argue reflects the coronavirus threat. It also carries a bulky 4.1% dividend yield as a bonus.It’s not a compelling enough reason to encourage me to invest though. The Footsie’s packed with low-cost, dividend-paying shares right now. And I’d spend my investment cash elsewhere. Should you buy this FTSE 100 dividend stock as the stock market crash eases? Image source: Getty Images Royston Wild | Thursday, 26th March, 2020 | More on: NXT Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Royston Wild Simply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.
Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. Stock market crash: are these cheap UK shares brilliant bargains or investment traps? I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images. Royston Wild | Tuesday, 6th October, 2020 Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. It now seems like an age ago when the Covid-19 crisis exploded and UK share investors panic-sold everything including the kitchen sink.A lack of significant interest from dip buyers, however, since the stock market crash of late February and early March means plenty of UK shares still trade on rock-bottom valuations.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A terrific dip-buying opportunity?Our view of the 2020 stock market crash here at The Motley Fool is clear. We reckon the correction provides an exceptional opportunity for investors to get seriously rich in the years ahead.There are too many top-quality UK shares that were oversold during the initial crash to miss. We can buy these for low cost today and possibly get stinking rich as they rebound in value once market confidence begins to recover.That said, the tough economic landscape means you and I need to be extra careful before buying UK shares. The Covid-19 outbreak has significantly worsened the profits outlooks of a great number of London-quoted companies.It’s likely that a large number of UK shares won’t have the balance sheet strength to survive a painful and prolonged economic downturn too.3 cheap UK shares you might be consideringThe following UK shares all trade on dirt-cheap valuations after the recent stock market crash. Are they too cheap to miss right now? Or do their cheap prices reflect their high risk profiles?You might think I’m daft for recommending Wizz Air Group as an attractive dip buy. The Hungarian flyer’s still slashing capacity as demand for its tickets tanks. But I’d argue this UK share remains an attractive pick for long-term investors. It has considerable balance sheet strength and a low cost base to help it fly through the current crisis. And its eventual recovery will be helped by the inevitable fall of weaker airlines this year and next. I’d use its 15% share price fall in 2020 as an opportunity to buy.I certainly don’t like the look of Restaurant Group though. Sales more than halved in the first half of the year. And things look certain to remain difficult as Covid-19 discourages people from visiting its restaurants and support from the government’s ‘Eat Out to Help Out’ scheme is yanked. The Restaurant Group’s shares are worth around a third what they were at the start of the year. And I see little reason to expect a rebound as infection rates keep rising and a prolonged economic downturn comes into view.I’d much rather invest my hard-earned cash in Aviva. This UK share’s fallen 30% in value in 2020 and today it trades on a forward P/E ratio of just 6 times. Consequently, I think it’s one of the hottest dip buys out there. It’s a particularly great pick for income hunters because of its 10% dividend yield. Through a mixture of asset sales and ambitious deleveraging I’m confident the FTSE 100 giant will remain a great dividend payer beyond the near term too. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Wizz Air Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” See all posts by Royston Wild
Please enter your name here By Jill Pable, Professor of Interior Design and Architecture, Florida State University and first published on theconversation.com.Some 544,000 people in the United States have no shelter every night, according to the U.S. Department of Housing and Urban Development. Homeless families make up over one-third of this total.Beyond exposing them to weather, crime and unsanitary conditions, homelessness can also damage people’s self-esteem, making them feel helpless or hopeless. Being homeless is a traumatic experience, in part because of the stigma associated with this situation.Recovering from homelessness may, therefore, involve not just finding a job and permanent home but also rebuilding one’s self-esteem.My research on the built environment suggests that the interior design of homeless shelters can either support or hinder people’s ability to assert control over their future.How design affects peopleResearch has long demonstrated that physical spaces affect human moods and behaviors.Office environments with many common spaces foster collaboration, for example, while stock investors who work on higher floors take more risks.Homeless shelters, too, can influence how residents see the world and themselves. A shelter with a sterile corridor and glaring lights may silently send the message that “People don’t think you deserve a nice place to live.”Homeless housing designed with warm colors, thoughtful lighting, and useful signage, on the other hand, can send the opposite message: “Someone cares.”In my experience, most homeless shelters are designed simply to house as many people as possible. Others are so dilapidated, violent or dirty that people actually prefer to sleep outside.These hallways send contrasting messages to residents, staff and visitors. Right: Kearney Center, Clemons Rutherford Architects. Jill PableWhat unhoused families needI undertook a three-month field experiment at a shelter in Florida to understand how bedroom design could support or hinder two families trying to transition from homelessness into permanent housing.Each family consisted of a single mother with two children. One family had two girls, ages 3 and 4. The other had two boys, ages 3 and 18.Both parents had generally positive relationships with their children, had completed high school through the 10th grade and were living in the shelter because they had lost their jobs.Initially, both families stayed in identical 9-by-12 bedrooms. Each had two metal bunk beds, one dresser, pale green walls, a single light fixture and a bathroom shared with a family of four. With so little storage, the families piled their belongings on the unused fourth bunk.The bedroom door had no lock, so that staff could check in on residents as needed. This is common in shelters.Housing that looks like a jailAfter two months, one family moved into a room that our team had upgraded with 18 new features intended to empower residents by offering them control over their environment.These included drawer-and-bin storage for their possessions, lap desks, privacy curtains around the beds, bulletin boards and shelving. We also painted the walls a light blue.Unaltered shelter room, left. Upgraded room, right. Jill Pable, Author providedI interviewed the mothers at the beginning and the end of their experience.The mother who would later move into an upgraded room felt “aggravated and frustrated” in the first space. The mother who stayed in that room for all three months described it as “crowded,” “claustrophobic” and “grim.” She even said the metal beds and hard, cold floors reminded her of jail.Both families piled their belongings on the unused fourth bunk for lack of other storage.“The more time you spend in it, the more you feel like the walls are closing in,” she told me after four weeks, explaining that she often stayed out late to avoid coming home to this cramped situation.So did her older son, who sometimes spent all night in the shelter’s computer lab. His mother worried about her son’s “vampire” hours.This family seemed agitated throughout the three-month study. They sought relief from their housing situation – and from each other – elsewhere.The family’s experience in the altered roomThings looked different for the other family.The good lighting and wall cushions encouraged them to read together. They had guests more often. A caseworker told me that the family would sometimes spend the entire day together in their shelter bedroom – something they’d never done in their previous space.Though the two rooms were the same size, a divided dutch door and bed curtains allowed the residents in the altered room to create personal spaces for listening to music or reading.They organized and put away their possessions in the storage provided, reducing clutter.The children liked drawing on the marker boards, so the mother allowed them to use it as a reward for good behavior, exerting parental authority in a positive way.Signs of ownershipTellingly, the families also expressed themselves differently in the two rooms.In the upgraded room with shelving, the family displayed photographs, art, and beloved stuffed animals. The kids played dress up in front of the mirror. These are both territorial acts that define and confirm identities.The family in the unaltered bedroom displayed little art, in part because the mother felt it was an imposition to ask shelter staff for tape to affix items to the wall.When her 3-year-old boy tried to play cars on the floor, his mom told him it was too dirty. Bored, he would peel paint off the wall near his bed.She reprimanded him for this behavior, causing arguments. The children also argued frequently with each other.A place to call homeAt the study’s end, I asked the mother living in the upgraded space how she would have felt if her family had stayed in the unaltered bedroom. Her answer reflected the role housing plays in keeping a family happy and healthy.“I don’t know if I would say I would be depressed, but I would have had a different feeling,” she responded. “Sometimes you just want peace and quiet” – which the bed curtains and dutch door now offered her.She also thought her kids might have eventually “cracked,” she said because they couldn’t act as they would in “a regular home.”“My older girl will pull the curtains and read books to her sister” now, the mother said. “She feels like she has something that belongs to her.”The new bedroom, which could be adjusted to fit the family’s needs, empowered them to take ownership of it. I believe such actions may help combat underlying feelings of helplessness.This small, only partially controlled study is not the final word in shelter design.But it certainly suggests that shelter architecture can help families experiencing homelessness by giving them a calm, positive and supportive home base for planning their future. Support conservation and fish with NEW Florida specialty license plate You have entered an incorrect email address! Please enter your email address here Share on Facebook Tweet on Twitter TAGSHomelessnesstheconversation.com Previous articleI have a plan…Next articleThe best news of the week Denise Connell RELATED ARTICLESMORE FROM AUTHOR LEAVE A REPLY Cancel reply Please enter your comment! The Anatomy of Fear Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Save my name, email, and website in this browser for the next time I comment.
Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Agents Flood Insurance Home Homeowners Insurance Value Insured About Author: Radhika Ojha What Owners Want From Home Insurance October 15, 2018 1,298 Views Home / Daily Dose / What Owners Want From Home Insurance Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Sign up for DS News Daily Agents Flood Insurance Home Homeowners Insurance Value Insured 2018-10-15 Radhika Ojha Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured Previous: FHFA Weighs in on Foreclosure Prevention Next: Vacant Property Taxation Put to the Vote The Best Markets For Residential Property Investors 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Homeowners tend to view the agents who look after their property’s insurance, as those who generally give them the right advice and would not hurt their real-estate investment, according to a recent survey by ValueInsured.However, the survey, which asked homeowners to share their opinion of their homeowners’ insurance agent found that four out of ten respondents expressed unflattering or indifferent attitudes towards those who advised them on how to protect their home.While 27 percent of those surveyed said that their agents had the homeowner’s best interest in mind, 22 percent described their agent as a one-time transactional “middleman,” the survey revealed.The survey also indicated that while 25 percent respondents considered their home insurance agent as a trusted adviser, 20 percent described them as a paper pusher who they never heard from except during policy renewal time. Five percent of the respondents admitted that they had no opinion or familiarity with their homeowners’ insurance agent.”The findings highlight the perception of passiveness of some agents, which may have contributed to the image of paper pushers and transactional middlemen associated with some agents,” ValueInsured said.ValueInsured also asked the respondents if their insurance agent demonstrated any other positive traits. Only 21 percent reported them to be innovative and 14 percent said they were resourceful, the survey found.The survey said that homeowners wished their agent could be more proactive, consultative, and could do more to protect them and their properties. “Currently, the relationship is not an engaging or high-touch one, which could lead to high turnover rate,” it revealed.With the recent natural disasters, homeowners insurance has taken center stage, giving agents a window to proactively reach out to homeowners. According to a recent report from Urban Institute, with the number of flood insurance policies in force through the National Flood Insurance Program decreasing in the past 10 years, many homeowners are left without flood insurance, sitting at just over 5 million in 2018. Even with private policies playing an increased role in the future, the current system leaves too many homeowners vulnerable when disaster strikes, the research found.Read more about the reach of flood insurance:Analyzing the Reach of Flood Insurance Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post Demand Propels Home Prices Upward 2 days ago Subscribe