William Hill investor pushing for sale

The high street betting chain, William Hill, is being considered as a potential target for acquisition, according to reports in the Sunday Times.Parvus Asset Management has been pushing for a sale of William Hill for four months, according to sources in the City. The Mayfair-based hedge fund is William Hill’s biggest single shareholder, with a 14 per cent stake in the business. Last year, Parvus also warned against the bookie’s acquisition of Amaya, which owns the PokerStars website. William Hill did not want to comment on the story.  Ashley Coates William Hill investor pushing for sale William Hill announced it had been hit by “customer friendly” football and horse-racing results at the end of last year, lowering the group’s profit for 2016 by £20m.Group chief executive, Philip Bowcock was upbeat about the company’s fortunes for the year ahead: “With key underlying trends continuing to be positive, the recent run of sporting results have not changed our confidence in a better performance in 2017,” he said.The UK’s bookies have recently been under pressure from MPs to change the way their high street outlets operate.William Hill’s shares fell 5.7 per cent at the end of last month as UBS warned on the prospect of a regulatory clampdown on high street gambling. In addition to questioning the profitability of William Hill’s online operations, the bank warned that reducing the maximum single bid allowed on a fixed odds betting terminal from £100 to £10 would cut William Hill’s profits by up to 74 per cent.MPs that form part of the All Party Parliamentary Group on fixed odds betting terminals have gone further, arguing that the maximum single bid should be reduced to £2.Founded in 1934, William Hill now has 2,300 licenced betting offices across the country and employs 16,000 people. The company listed on the London Stock Exchange in 2002. William Hill’s share price closed at 272.90p on Friday. whatsapp whatsapp Share More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHealthline: Medical information and health advice15 Sleep Habits That are Bad for You – How To Avoid Them NowHealthline: Medical information and health advice5D Wallpaper20+ Viral Photos Of MMA FIghter Gina Carano5D WallpaperOMGIFacts10 Things Men Secretly Want From A Woman, But Rarely Are They AskedOMGIFactsanymuscle.com20 Signs That Your Kidneys Aren’t Working Properlyanymuscle.comWorld of sportTop 20 Healthiest Cities in America in 2021World of sportTrendscatchersAirline Rejects Letting Dad And Newborn On Plane, Suddenly Old Widow IntervenesTrendscatchersWork from Home | Search AdsWork-From-Home Jobs In The USA May Pay More Than You ThinkWork from Home | Search AdsYourDailyLamaGrab A Tissue Before You See Richard Chamberlain At 87YourDailyLamaBuzz B-GoneDiscover How People In United States Are Keeping Mosquitoes Away (It’s Genius)Buzz B-Gone Sunday 12 February 2017 5:42 pm read more

Activist shareholders step up pressure on UK boards

first_imgEdward Bramson’s Sherborne investment vehicle last week stepped up its activist campaign at Barclays. The veteran investor said he would seek shareholder approval for a bid to make changes on the board of Britain’s third biggest bank.”If we look at the US, there was an uptick in activist campaigns in 2015 which was followed by an increase in aggressiveness and public pressure the following year. We could see a similar trend in the UK this year,” said Mr Rich.Investors in UK companies accounted for more than 10 per cent of activist campaigns globally in 2018.One third of global campaigns worldwide related to mergers and acquisitions while activist investors also secured 161 board appointments globally, a new record.  Sunday 13 January 2019 7:13 pm Michael O’DwyerMichael is a financial journalism student at City, University of London. whatsapp Shareholder activism increased sharply in the UK last year as investors launched campaigns at 25 companies, spending $7.35bn (£5.72bn) on shares.Elliott Advisors was the most prolific activist investor, launching 22 new campaigns worldwide, according to research by the investment bank Lazard. Activist shareholders step up pressure on UK boards Elliott led a campaign that prompted UK retailer Whitbread to offload Costa Coffee to Coca-Cola in a £3.9bn deal announced in August last year.The New York fund also threw its weight behind Melrose’s bitterly fought £8bn hostile takeover of engineering firm GKN.”Shareholder activism in the UK is at a record level and is continuing a trend that began to play out in 2017,” said Richard Thomas, head of the European shareholder advisory practice at Lazard.”In 2018, activism has increasingly been used as a tactic to reshape business strategies and drive M&A activity across sectors, particularly those most affected by tech disruption and market dislocation,” he added.Eleven UK companies faced activist campaigns in 2017, less than half of last year’s number. The growth in activism in 2018 raises the prospect of further disruption for management of UK companies this year. Tags: Barclays Company GKN Mergers and acquisitions Whitbread whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastFinancial 10NHL Player’s Wife Is Hands Down The Most Beautiful Woman In The WorldFinancial 10moneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comlast_img read more

Care leavers deserve a chance to begin adulthood on firm footing

first_img I cannot imagine how I would have coped without knowing my loved ones were there for me – or what it is like for the 12,500 young people who leave care every year in England.  From the companies’ perspective, signing up to the Covenant makes sound business sense. Take Saint-Gobain, which trains care leavers in construction methods like “dry lining”, thereby not just giving them skills, but also filling in a gap in the market and addressing a huge issue for the whole industry. Many of those businesses offer care leavers work placements and training. Saint-Gobain, a global construction corporation, is one of the Covenant’s many signees. In partnership with the charity Barnardo’s, Saint-Gobain has set up a community-training academy in Lewisham called Future Place, where care leavers learn the basics in construction and are introduced to potential employees through the company’s global customer network.  Wednesday 30 October 2019 4:17 am whatsapp We all remember the challenge of becoming an adult.  Amazon, Accor and Metro Bank are also joining a list of some 99 companies, including world-famous brands like Superdry, Rolls Royce and Liverpool FC, all making employment and training offers to talented young people looking to make their mark.  Fresh out of school, college, or university, you are out there on your own – hunting for your first job, your first flat, and trying to make ends meet on your first pay cheques.  Others, like Barclays LifeSkills, help them to manage their money – invaluable advice when you do not have the financial safety net of a family – while a number of universities, including Leeds and Cambridge, have pledged support such as bursaries and accommodation.  It is not just our job – it is a job for the whole of society. So it is wonderful that dozens of businesses have stepped up to help. This week, Chelsea Football Club, the Heathrow Academy, and London Fire Brigade are joining our Care Leaver Covenant to offer opportunities in our capital to help smooth care leavers’ transition into adulthood. My first taste of real adulthood came at age 22, straight out of university, when I moved to Australia on my own and got a job in Sydney. It was challenging and lonely at times, but I knew that my family were only a phone call away. We now just need more of those firms serving our economy to step forward and give these young people the opportunity to begin their adult lives on firm footing. That is simply too many, and we in government want to do everything we can to help these young people cope with what many describe as the “cliff edge” of leaving care. whatsapp Care leavers deserve a chance to begin adulthood on firm footing These businesses are doing their bit to support these young people, while those of us in government continue to improve what we can offer them, to train and equip them with the skills they need to take on high-quality jobs – including in the City.  Michelle DonelanMichelle Donelan is Conservative MP for Chippenham and minister for children & families. And the Tottenham Hotspur Foundation is offering a series of “independent living workshops” to prepare care leavers for life as tenants. Together, these businesses are helping the most vulnerable young people in society prepare for every aspect of their adult lives. They have to take on all those challenges – finding work, securing accommodation, managing their own finances – often without anyone to fall back on. For them, when things go wrong, there is no Bank of Mum or Dad. They are on their own. Main image credit: Getty City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Opinion LONDON, ENGLAND – JULY 09: A boy skateboards at the Southbank on July 9, 2013 in London, England. The Met Office has predicted that Britain’s current warm weather spell is set to continue into the weekend and beyond. (Photo by Jordan Mansfield/Getty Images) Share It is no surprise, then, that many of those vulnerable young people find it hard to land on their feet. Nearly 40 per cent of care leavers aged 19-21 are not in employment, education or training – more than three times the rate for this age group overall. last_img read more

Prominent ‘right-to-try’ advocate is getting treatment under the new law

first_img [email protected] Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED What is it? President Trump and several patient advocates, including Matt Bellina, at the bill signing for the federal “right-to-try” law. Alex Wong/Getty Images Log In | Learn More Nicholas Florko Tags Congressdrug developmentgovernment agenciespolicyWhite House Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Prominent ‘right-to-try’ advocate is getting treatment under the new law By Nicholas Florko Feb. 5, 2019 Reprintscenter_img About the Author Reprints GET STARTED STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. @NicholasFlorko WASHINGTON — One of the namesakes of the federal “right-to-try” law confirmed Tuesday that he gained access to an experimental treatment thanks to the new law.Matt Bellina, who has ALS, thanked the drug company BrainStorm for providing the treatment on Facebook. Washington Correspondent Nicholas Florko reports on the the intersection of politics and health policy. He is the author the newsletter “D.C. Diagnosis.” Politics What’s included?last_img read more

Southwest Florida coronavirus case totals for Thursday, Jan. 7

Scotiabank looks to sell its skyscraper headquarters

Merger of B.C. financial services, real estate regulators nears completion Share this article and your comments with peers on social media Facebook LinkedIn Twitter Related news Scotiabank’s landmark red skyscraper in the heart of Toronto’s financial district could fetch $1 billion or more if real estate trusts, pension funds and others get the chance to bid for Canada’s second-tallest building, a commercial real estate expert said Thursday after the bank revealed the granite tower may be for sale. “I think what you will get is a bidding war,” said Bill Argeropoulos, director of research at real estate firm Avison Young. “It is really a unique opportunity to own one of the country’s triple-A towers.” Argeropoulos said fund managers such as the Ontario Teachers’ Pension Plan, the Canada Pension Plan Investment Board and the Caisse de depot et placement du Quebec, as well as the major real estate trusts would all likely be interested in acquiring all or some of the building. “I wouldn’t be surprised if you saw two pension funds come together to perhaps spread the risk in an investment this large,” Argeropoulos said. Scotiabank (TSX:BNS) confirmed Thursday that it was in the very early stages of exploring the possible sale of the building as part of a regular review of its operations. “In the current low-interest rate environment, it’s potentially a good time to sell and we have chosen to explore the sale of Scotia Plaza,” bank spokeswoman Ann DeRabbie said in an email. Scotiabank is the only one of Canada’s big banks that owns its head office in downtown Toronto. “I think a lot of people have asked the question, when is the bank going to sell,” Argeropoulos said. He noted that the downtown Toronto real estate market has been hot with several big deals as low interest rates give investors easy access to cash to buy properties. Last year, Hines REIT sold the Atrium on Bay office and retail building to H&R REIT for $345 million, while Dundee REIT acquired a $690-million portfolio of office buildings from Blackstone and Slate Properties that included $373 million in Toronto properties. “From a timing perspective, I don’t think there is a better time than today if you needed to free up some capital,” Argeropoulos said. Barclays Capital analyst John Aiken suggested the sale of the building could help boost Scotiabank’s financial position ahead of new capital requirements. “We view the sale of Scotia Plaza as a creative and brilliant move to help boost Scotia’s capital ratios without having to alter its core strategic assets or issuing common equity,” Aiken wrote in a note to clients. “Consummating the sale could go a long way in putting this issue behind it.” Under the incoming Basel III rules, a bank’s required Tier 1 capital ratio must be at least seven%. The ratio of how much of the bank’s assets include shareholder equity and other core capital, is a key a measure of a bank’s health and ability to endure downturns. Canada’s banks, which had relatively high levels of Tier 1 capital going into the 2008-2009 financial crisis, were widely regarded as among the world’s most solidly financed during the global recession that was sparked by the U.S. banking scare. Some also moved to further increase their Tier 1 capital, but on occasion with types of security that won’t be allowed under the new rules. According to Avison Young, the office vacancy rate in Toronto fell 70 basis points to 7.9% in 2011 and was expected to decline further this year. The result compared with a national average of 7.6% in 2011, down from 8.3% in 2010. In its outlook for 2012, the firm noted that 2010 saw a number of big real estate deals as lenders were ready with cash and interest rates sat near record lows. Avison Young said the trends was expected to continue, “tempered only by a scarcity of high-quality assets and the spectre of international economic difficulties.” The 68-storey tower near the corner of King and Bay streets has been the home of Scotiabank’s Canadian operations since it opened in 1988. The building, at 275 metres, is currently second only in height to the nearby First Canadian Place, which has 72 stories and stands 298 metres tall. However, plans call for the Trump International Hotel and Tower currently under construction in the same vicinity to take over second place at almost 277 metres. All three are considerably shorter than the CN Tower, which soars 553 metres. Scotiabank shares closed up $1.42 at $53.98 on the Toronto Stock Exchange on Thursday. Brookfield Property Partners reports Q4 loss compared with a profit a year earlier Keywords Real estateCompanies Bank of Nova Scotia CI’s new joint venture will invest in global real estate and infrastructure Craig Wong read more

IIROC lets some dealers omit off-book assets from client performance reporting

first_img Share this article and your comments with peers on social media CRM2 fee disclosures fail to enlighten, empower investors: report Keywords Client relationship model However, the report also indicates that 46 firms received exemptions from the requirement that certain client assets that are held off-book be reported to clients, and included in the calculation of annual client portfolio performance information. These exemptions allow the dealers to omit off-book client assets from this reporting, subject to certain conditions. Previously, IIROC said it would entertain exemption requests from this aspect of the Client Relationship Model (CRM2) requirements in cases where firms have tried to convert the off-book assets into on-book positions; dealers are not receiving ongoing compensation from those positions; and, they are not encouraging clients to hold the assets off-book. In total, there were 634 exemptions granted in 2015, which included more than 500 relating to proficiency requirements, 64 that involved specific aspects of the trading rules, and 14 to facilitate bulk transfers, among other issues. Related news TD Waterhouse fined $4 million for ignoring CRM2 Several dozen firms have received exemptions from the requirement to include off-book positions in their annual performance reporting to clients, according to an Investment Industry Regulatory Organization of Canada (IIROC) notice published on Friday. The IIROC report details the exemptions from IIROC rules that were granted in 2015. Most of them involve granting relief from specific proficiency requirements, or from certain aspects of the trading rules. James Langton First enforcement, now an exemption Facebook LinkedIn Twitterlast_img read more

On the Road: 1952 Buick Super Estate Wagon

first_img Rees says he’s worked on cars since his high school days, including a number of 1955 Chevys, a Ford truck and several British sports cars. But it wasn’t until he was searching for a restoration project in the early 1990s that he discovered big old Buicks. Created with Raphaël 2.1.2Created with Raphaël 2.1.2The thing to note about this 1952 Buick Super Estate Wagon is all that wood is not an applique. It’s solid wood and includes all of the pillars aft of the A-pillar.Barry Blick, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Wannabe gangsta rappers take note: that’s a grille!Barry Blick, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2The tailgate and liftgate are solid wood and are held together in complicated mortise and tenon joints.Barry Blick, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Wagon and convertible Buicks shared the same drivetrain, with a 263 cubic-inch straight eight-cylinder engine.Barry Blick, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2The interior is period perfect and perfect in all other ways.Barry Blick, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2The badge says it all…Barry Blick, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2The restoration is showroom perfect.Barry Blick, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2The dash puts 21st century designs to shame.Barry Blick, Driving The Rolls-Royce Boat Tail may be the most expensive new car ever CALGARY — It took a quarter of a century for this 1952 Buick Super Estate Wagon to appear at the World of Wheels.For the past 25 years the car has been a work in progress for Rob Rees. After putting on the finishing touches late last year, Rees is pleased to display what he considers automotive artwork from a bygone era. It’s his hope that younger showgoers will appreciate the unique design of the car.“I can’t say I spent 25 years on that car only,” Rees says from his Calgary garage. “There were other projects in between, but that particular wagon was always in the background.” 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 | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca COMMENTSSHARE YOUR THOUGHTS See More Videos Trending Videos Greg Williams is a member of the Automobile Journalists Association of Canada (AJAC). Have a column tip? Contact him at 403-287-1067 or [email protected] advertisement Trending in Canada RELATED TAGSBuickStation WagonVintage / ClassicClassic CarsCalgaryClassic Cars & TrucksNew VehiclesVintage & Collectible B.C. collectors among many Canadians dropping the hammer at Arizona auctions That’s not to say Rees didn’t have lots of help. For example, Ted Weale and Ray Clement of Calgary provided expert machining and assembly assistance with the straight-eight engine and Dyna-Flow automatic transmission. The frame was powder coated by Top Gun Coatings, and Rick Pikulski of Car Gone By in Mossleigh completed the paint and metal bodywork while two separate upholsterers, Ron Tkachuk and Mike Szuch, looked after interior details.Finally, because many pieces of the Buicks are big and heavy, Rees’s friend Daryl Baxter lent a hand during final assembly.“I’ll drive the scabby wagon in town and go anywhere in it,” Rees says of the finished cars, but adds, “I’d be nervous about driving the good wagon because of all the work that was involved in getting it to this state. If anything happened…”Rees’s Buick will be one of more than 250 special interest cars at the 52nd annual World of Wheels this year. See the sidebar for more show information.IF YOU GOThe 52nd annual Auto Value Parts Stores World of Wheels is at the BMO Centre, Stampede Park, from Feb. 23 to 25. Several cars from the Fast and the Furious franchise will be on display, and other features include Zeeb’s Performance Battle of the Techs Engine Building Competition, Pedal Car Challenge, KUB’s Cup Car Rally and Vintage Alley. Celebrity showcase talent includes WWE star Jinder Mahal on Friday night, Dave Kindig of Kindig-it Designs on Saturday afternoon and the Hanson Brothers from the Slap Shot movie on Sunday afternoon. Show hours are Fri. 3 p.m. to 10 p.m., Sat. 10 a.m. to 10 p.m. and Sun. 10 a.m. to 6 p.m. Tickets are $18 for adults, $6 children six to 12, and free for children under five. Auto Value Parts Store pre-sale tickets are $16 for adults and $5 for children. Check worldofwheels.com for more information. 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” Created with Raphaël 2.1.2Created with Raphaël 2.1.2 The Buick Super Estate Wagon of 1952 is a rare car, with only 1,641 built in a year when Buick’s total production run was 303,745 cars. Unlike every other Buick that has a body constructed by General Motors’ supplier Fisher Body, the wood and metal wagon bodies came from specialty manufacturer Ionia Mfg. Co. of Ionia, Michigan. Initially, Rees had answered an ad in the Bargain Finder for a 1951 Monarch woody wagon. He couldn’t negotiate a deal on that particular car, but in the process became aware of a derelict 1952 Buick wagon in the seller’s backyard.“It was a basketcase and I’m not sure what planet I was on when I bought that car,” Rees chuckles.The Buick Super Estate Wagon of 1952 is a rare car. Rees says there was only 1,641 built in a year when Buick’s total production run was 303,745 cars. Unlike every other Buick that has a body constructed by General Motors’ supplier Fisher Body, the wood and metal wagon bodies came from specialty manufacturer Ionia Mfg. Co. of Ionia, Michigan.Ionia constructed and then shipped the wagon bodies to Buick’s factory in Flint, Michigan where they were installed onto the Super Convertible chassis. Wagon and convertible Buicks shared the same drivetrain, with a 263 cubic-inch straight eight-cylinder engine.What set the wagon apart are the wood components of the body that includes all of the pillars aft of the A-pillar, or windshield post. The rear liftgate and tailgate are constructed entirely of wood, and Rees says some of the complicated mortise and tenon joints would haunt many a woodworker.However, with some optimism, Rees started to chip away at his wagon. While working on the car he made contact with a 1952 Buick wagon owner in Vancouver. Rees visited and took hundreds of photographs to document how the car was constructed and planned to use the images in his restoration process.Shortly after, though, Rees was offered the Vancouver wagon and he bought it.“It was in better shape but there was still a lot of work to do,” Rees says.The story is now about two wagons – one Rees calls the ‘scabby’ wagon, with body number 616, and the ‘restoration’ wagon from Vancouver as seen in these images with body number 660. He sourced parts and parts cars (Buick sedans shared common components) and restored many of the sub-assemblies for both wagons.His major hurdle, however, was the wood. Rees bought a kit that was to provide all the necessary pieces but nothing fit accurately. To help him, Rees took cabinet making courses at SAIT and a wood carving class. He further enlisted the help of local craftsman John Morel to completely replicate the wooden lift and tailgate assemblies. It’s a job Morel competently finished, but told Rees he wouldn’t tackle another.Rees took many pieces of the leftover wood and began installing it on the 616 ‘scabby’ car with plans to eventually sell it as a rolling project. But, as he got confident with the wood, it energized him to finish the 660 ‘restoration’ car.“I kept 616 and took some artistic licence in its completion,” Rees says. “It’s got some custom parts and pieces on it, and is painted matte black.“With that car finished, when I got to working on the good wagon, it all went together click, click, click.”RELATED We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. ‹ Previous Next ›last_img read more

Kalispell, City Workers Agree on Three-Year Contract

first_imgKalispell City Council ratified a contract with the public employees’ union at its Dec. 6 meeting. Under the deal, local chapters of the American Federation of State, County and Municipal Employees (AFSCME) and the AFL-CIO have agreed to no cost-of-living raises for the duration of the three-year contract. Either side, however, can request to open the contract to negotiate possible pay increases in the second and third year. Also under the deal, current employees will continue to receive scheduled longevity increases, but workers hired after the signing of the contract won’t be eligible for longevity. Instead, new employees will receive what is called an “Experience Premium Supplement,” to be given only after the employee has moved through all the respective grades in a pay classification. “What we’re trying to do is eliminate longevity just for longevity’s sake,” City Manager Jane Howington said, adding that the new system would be more performance-based. Councilman Tim Kluesner, however, expressed frustration with what he considered the generous nature of some of the benefits awarded, like 15 annual vacation days as soon as an employee begins work. “These are fantastic things that the rest of the private sector doesn’t get right out of the box,” Kluesner said. “I think it needs to be justified to the public constituents as to why this is such a good thing to offer and pay for, for our city employees.” City Attorney Charlie Harball replied that state law dictated the terms of the contract in that case. “When we negotiate a contract we are bound by a number of things,” Harball said. “One of them happens to be state law.” “If taxpayers are concerned about the benefits of that, it’s not the city council they should be calling, it’s the Legislature,” Harball added. Other council members praised the unions for accepting the deal, and said Kalispell should be willing to reopen negotiations for possible future raises, should the city’s financial outlook improve. “I am fully aware that union people’s wages nationwide have been deteriorating year after year, while more affluent white collar trades have risen precipitously,” Councilman Bob Hafferman said. “I sure hope this trend changes.” “Our union people are the people who directly affect our everyday lives,” he added. Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. Emaillast_img read more

People / Etihad names Justin Carr as new cargo chief and boosts freight team

first_img Justin Carr’s career at Etihad Airways is flying, following the announcement that he is to take over as vice president of cargo, shortly after starting at the airline. The move is part of a triple appointment.The news comes a month on from Etihad confirming Mr Carr’s appointment as commercial vice president of cargo.Mr Carr will be stepping into the role vacated by David Kerr, who left Etihad in October after a seven-year tenure to take over as chief executive of British all-cargo carrier CargoLogicAir in January.The South African-born Mr Carr brings 20-years of logistics experience to the role, having entered the industry in 1995 as an asset manager in Durban at Mediterranean Shipping Company (MSC).After a two-year spell at MSC, he moved on, serving at several shipping and logistics companies before joining UTi in 2006 as a general manager.Then, in 2011, DHL came calling and appointed him regional customer manager for Europe, the Middle East, and Africa; an appointment that saw him move from his native South Africa to Dubai.Mr Carr will take over leadership of the cargo team from December being joined on the top table by Andre Blech as the new head of cargo delivery.A seven-year veteran of the company, Mr Blech will provide some continuity from the Kerr years, and will be responsible for end-to-end cargo operations.Before Etihad, Mr Blech served as a cargo analyst for the Abu Dhabi Airports Company, which he joined after completing his studies in Cologne.Roberto Gilardoni, who will also report to Mr Carr, has seen his role as senior manager of freighters and commercial expanded to include customer management and industry verticals.Mr Gilardoni is an industry veteran, having started his logistics career in the mid-90s as operations duty manager for DHL Aviation in Italy.Following several promotions, he left the integrator in 2005 to take over as managing director of Brescia Airport before joining Cargoitalia in 2009 as commercial director.A two-year spell at Heavyweight Air Express followed and then in November 2014 he relocated to Abu Dhabi to join Etihad. By Alexander Whiteman 27/11/2017last_img read more