Global asset owners bracing for Brexit impact

first_imgFour in five institutional investors are expecting an impact on operations from Brexit, according to a survey conducted by State Street.The company quizzed 111 asset owners and alternatives managers from around the world about their attitudes to the UK’s expected departure from the EU.The survey forms the basis for State Street’s new Brexometer study – a quarterly gauge of views and strategies relating to Brexit.Almost one-third of those surveyed said they would require more help to navigate the regulatory implications of Brexit. Jeff Conway, chief executive for Europe, the Middle East and Africa at State Street, said investors expected Brexit to hit “a range of operational issues”.“Many appear well prepared for Brexit and are proactively putting strategies in place to mitigate any ensuing impact,” Conway added.While almost two-thirds (63%) of investors said they planned to maintain their existing investments in the UK, almost half (48%) said they expected the overall level of investment in the UK economy to fall in the next quarter.Longer term, 31% of respondents said asset owners would cut the amount of risk in their portfolios over the course of the next 3-5 years.However, one-quarter said asset owners were likely to increase risk.Michael Metcalfe, head of global macro strategy at State Street Global Markets, said a weak currency had aided inflows into UK assets in the six months since the UK voted to leave the EU.“Foreign institutional equity investors are particularly strong buyers of UK equities of late,” he added.The FTSE 100 gained 19.5% between 24 June and 13 January, when it hit a record close of 7,337.8.The FTSE 250, which is more domestically tilted, gained 15.8% in the same period.A Fidelity survey of its own regional analysts revealed that 60% believed Brexit would have a “moderately negative” impact on their companies.Almost half (49%) of the company’s European analysts said their companies were “less willing” to invest in the UK over the next two years while the Brexit negotiations took place.This week has seen UK prime minister Theresa May give her first public speeches about her hopes for Brexit negotiations with Europe.EU leaders have warned that discussions will be difficult, and that the UK cannot expect to be better off outside of the union.last_img read more

Update on the latest sports

first_imgLAWRENCE, Kan. (AP) — The University of Kansas has forcefully objected to charges that its storied men’s basketball and its football programs had committed significant violations tied primarily to recruiting.The school let its objections be known in nearly 300 pages of documents it issued as a formal response to the NCAA’s notice of allegations Thursday night.Kansas claims several facts involving Bill Self’s basketball program are in dispute, including charges that Kansas lacked institutional control and its Hall of Fame coach and his assistant, Kurtis Townsend, had committed a series of high-level violations.The NCAA issued last September its original notice of allegations which included five violations for men’s basketball and two lesser ones for football. The basketball violations are all Level 1, the most severe.NHL-SCHEDULE McIlroy’s 66 came during morning play. He hasn’t finished out of the top 10 in any tournament since September.Talor Gooch and Scottie Scheffler share third at minus-5.WORLD CUP-SHIFFRIN’S RETURNShiffrin returns to World Cup ski circuit amid family griefVAIL, Colo. (AP) — Mikaela Shiffrin is returning to the World Cup ski circuit in Europe, although she might not be ready to race after a month-long absence following the death of her father. Aztecs reach MWC semisUNDATED (AP) — Fifth-ranked San Diego State has reached the Mountain West Conference semifinals after surviving a tough test from Air Force.Jordan Schakel scored 14 of his 17 points in the second half as the Aztecs rallied for a 73-60 win over the Falcons. Air Force led 44-39 until Schakel hit back-to-back 3s to give San Diego State its first lead since early in the first half. The long-range buckets ignited a 21-3 run that sent the Aztecs to their 13th consecutive victory.Yanni Wetzell and Malachi Flynn had 16 points each as San Diego State improved to 29-1 overall this season.In other top-25 finals: — Jerry Koosman’s No. 36 is being retired by the Mets, more than four decades after he threw his final pitch for the team. Koosman will be honored before the June 13 game against Washington. Koosman was runner-up for the 1968 NL Rookie of the Year and won 21 games for the 1976 Mets. His five-hitter beat Baltimore in the 1969 World Series for the Mets’ first title.NFL-49ERS-SIGNINGSNiners pick up options on Juszczyk, WilliamsSANTA CLARA, Calif. (AP) — The San Francisco 49ers exercised contract options Thursday to keep fullback Kyle Juszczyk (YOO’-chehk) and slot cornerback K’Waun Williams on the team for the 2020 season.Juszczyk is a valuable part of San Francisco’s offense as a blocker and receiver out of the backfield. He will earn more than $5 million in the final season of a four-year contract he signed in 2017. Share This StoryFacebookTwitteremailPrintLinkedinRedditNBA-WARRIORS-CURRYCurry to play for Warriors tonightSAN FRANCISCO (AP) — Golden State Warriors fans are enjoying some good news for a change. Nuggets outlast HornetsUNDATED (AP) — The Denver Nuggets needed a late rally to knock off the Hornets in Charlotte.Jamal Murray capped his 18-point performance by draining a running, off-balance 13-footer from the baseline with 5.1 seconds left to give the Nuggets a 114-112 win over the Hornets. Nikola Jokic (nee-KOH’-lah YOH’-kihch) added 14 points, 11 rebounds and eight assists for Denver, which trailed by eight in the fourth quarter before winning for the fourth time in eight games.The Nuggets entered the night one game behind the Clippers for the second seed in the NBA’s Western Conference.T25 MEN’S BASKETBALL-SCHEDULE The union says every player who was a dues-paying member during the 2019 season was sent a ballot. Votes will be confidential and received by an independent auditor.PGA-PALMER INVITATIONALEvery leads Palmer by 1 over McIlroyORLANDO, Fla. (AP) — Matt Every owns a share of the first-round lead at the Arnold Palmer Invitational, one shot ahead of world No. 1 Rory McIlroy.The 309th-ranked Every played in the tough afternoon wind while firing a 7-under 65. Not only was it Every’s lowest round at Bay Hill, it was 20 shots better than his last round six days ago in the Honda Classic. Flyers grab share of 1st when Caps lose in OTUNDATED (AP) — The Philadelphia Flyers have moved into a first-place tie with Washington in the NHL’s Metropolitan Division, with the Pittsburgh Penguins climbing within three points of the lead.The Caps lost their division lead when Mika Zibanejad (MEE’-kuh zioh-BAN’-eh-jad) scored his career-high fifth goal of the night, beating Ilya Samsonov (sam-DOH’-nahv) at 33 seconds of overtime to send the Rangers past Washington, 6-5. Zibanejad is the first Ranger to score five times in a game since Mark Pavelich in February 1983.Artemi Panarin (ahr-TEH’-mee pah-NAH’-rihn) had three assists for the Blueshirts, who are just a point behind the Islanders for the second Eastern Conference wild-card.The Capitals lost for the ninth time in 13 games despite Alex Ovechkin’s (oh-VEHCH’-kihnz) two goals. — No. 19 Ohio State prevented Illinois from moving into a four-way tie for the Big Ten lead by downing the 23rd-rated Illini, 71-63. Kaleb Wesson furnished 19 points in the Buckeyes’ fourth straight win, while teammate E.J. Liddell tied a career high with 17 points and had 11 rebounds.— Christian Vital had 26 points and James Bouknight had 17 as UConn notched its fourth straight win, 77-71 against No. 21 Houston.— No. 25 Michigan blew out Nebraska, 82-58 as Jon Teske scored 12 points and Zavier Simpson added 11 in their home finale. Isaiah Livers had 18 points and 10 rebounds for the Wolverines.COLLEGE ATHLETICS-KANSAS-NCAAKansas denies NCAA accusations With Sale’s season in doubt, the Red Sox and right-hander Collin McHugh have worked out a one-year contract worth a guaranteed $600,000, a deal that allows him to earn up to $4.25 million. The 32-year-old McHugh was 4-5 with a 4.70 ERA in 35 appearances for the Astros last season, working primarily out of the bullpen. He was a 19-game winner in 2015, but he’s won just 15 games over the last three seasons.In other MLB news:— The White Sox have agreed to a five-year, $70 million contract with Yoán Moncada, a deal that includes a $25 million club option for 2025 that would make the agreement worth $90 million for six seasons. The White Sox acquired the 24-year-old Moncada in the December 2016 trade that sent Chris Sale to the Red Sox. The third baseman broke out last season by setting career highs with a .315 batting average, 25 homers and 79 RBIs.— Aaron Judge hasn’t given up on being ready for the Yankees’ opener at Baltimore on March 26, but still doesn’t know the cause of soreness in his right pectoral muscle and shoulder. The star right fielder has undergone more than half a dozen tests, and more are scheduled. Judge stopped workouts about a week before spring training after experiencing soreness while swinging. Then he felt soreness on Feb. 28 while hitting in an indoor cage for the second consecutive day.— The Cubs have scratched pitcher Yu Darvish and second baseman Jason Kipnis because of illness. In a series of tweets in Japanese, Darvish said he had a cough yesterday and expressed reluctance about entering the clubhouse amid the coronavirus outbreak. He posted that he didn’t have a fever or the flu. Theo Epstein, the president of baseball operations for the Cubs, said he didn’t have “full information right now,” but said it was his understanding Darvish had a daily illness and should be fine by tomorrow. The American skier announced in a video posted on Instagram that she is flying to Scandinavia on Thursday. A three-race meet starts one week later in Are, Sweden.Shiffrin last raced on Jan. 26 when she won a super-G in Bansko, Bulgaria.UNIVERSITY OF MICHIGAN-DOCTORAbuse allegations, calls for state inquiry build in MichiganYPSILANTI, Mich. (AP) — More men have come forward with allegations of sexual abuse by a late doctor at the University of Michigan in lawsuits and personal statements.center_img Williams will be paid more than $2 million next season as a key part of the defense that helped the Niners reach the Super Bowl this year.NFL-CBACBA ballots set to playersUNDATED (AP) — The NFL Players Association has sent ballots to members for voting on the proposed collective bargaining agreementThe NFLPA announced that votes would be accepted through March 12 at one minute before midnight. The more than 2,000 members will have a window of about 7 1/2 days to examine the 439-page document and cast a yes or no vote. Ratification requires a simple majority based on the number of returned ballots. MLB-NEWSSale has a flexor strain, leading Bosox to get McHughUNDATED (AP) — Boston Red Sox ace Chris Sale has a flexor strain near his left elbow and will not be scheduled for Tommy John surgery — for now.The 30-year-old left-hander felt discomfort in his pitching elbow Monday, a day after throwing his first batting practice of spring training. He had an MRI that was reviewed by team physicians and elbow specialists.Sale’s ulnar collateral ligament was treated with a platelet-rich plasma injection last Aug. 19 and did not sustain additional damage. March 5, 2020 The new allegations include three former athletes who filed lawsuits against the school alleging that Dr. Robert Anderson sexually assaulted them while the men were members of the football and hockey teams in the 1980s. At a separate news conference, two men said Anderson sexually assaulted them during medical exams. Update on the latest sports — Craig Anderson turned back 37 shots as the Senators handed the Islanders their fifth consecutive loss, 4-3. Anthony Duclair’s 23rd goal of the season broke a 2-2 deadlock late in the second period.NHL-HURRICANES-PESCEPesce has surgeryRALEIGH, N.C. (AP) — The Carolina Hurricanes have announced that defenseman Brett Pesce (PEH’-shee) had surgery on his right shoulder with a recovery time estimated at 4-6 months.The 25-year-old Pesce had four goals and 18 points in 61 games this season. He was hurt in the second period of the Hurricanes’ win at Toronto on Feb. 22. Stephen Curry is playing tonight against the Toronto Raptors, one day after being medically cleared. The two-time NBA MVP missed 58 games after breaking his left hand Oct. 30 versus Phoenix.Curry has played just four games this season, averaging 20.3 points, 6.5 assists and five rebounds. He rejoins a team that owns the league’s worst record at 14-48, one season after advancing to the NBA Finals for the fifth consecutive year.The Warriors’ magic number for playoff elimination is four with 20 games remaining.Curry still plans to play in the Tokyo Olympics this summer.NBA-SCHEDULE The Flyers picked up their eighth straight win as Carter Hart turned back 28 shots in a 4-1 decision over the Hurricanes. Ivan Provorov (PROH’-vah-rahv), Michael Raffl (RA’-ful), Nicolas Aube-Kubel (oh-BAY’ koo-BEHL’) and Sean Couturier (koo-TOOR’-ee-ay) scored for the Flyers, who are 24-5-4 at home.Patric Hornqvist scored twice and the Penguins inched closer to the Metropolitan lead with a 4-2 win at Buffalo. Sidney Crosby and Marcus Pettersson also scored as Pittsburgh won its second straight since a six-game slide.Elsewhere on NHL ice:— The Bruins continue to lead the Atlantic Division by nine points over the Lightning after Torey Krug (kroog) scored 4:08 into overtime to send Boston past the Panthers, 2-1. Jaroslav Halak (YAH’-roh-slahv hah-LAHK’) stopped 32 shots in the Bruins’ fourth straight win.— Tampa Bay won for just the second time in seven games as Andrei Vasilevskiy (va-sih-LEHV’-skee) posted his 21st career shutout by stopping 32 shots in a 4-0 win over the Canadiens. Victor Hedman scored twice and Nikita Kucherov (KOO’-cheh-rahv) added a goal and an assist for the Lightning. Associated Press last_img read more

Football: Luka Modric Says England Underestimated Us And That Was A Huge Mistake

first_imgAdvertisementImage Courtesy: Google ImagesEngland’s dream of reaching their first World Cup final since 1966 came crashing down when they lost in extra time to Croatia in Moscow.European underdogs Croatia showed great amount of determination as they came from behind to beat Three Lions in order to reach their first World Cup final. It was Juventus starlet Mario Manduzkic who scored the winning goal in 109th minute to secure Croatia’s golden ticket to World Cup final, slotting in from Perisic’s cross in the penalty area.England had got off to a flying start when Trippier placed a superb free kick into the top right corner given Three Lions an one goal lead over European underdogs Croatia. However, Croatia got back into game when Perisic scored an equaliser in 68th minute of the game. After that it was Manduzkic who secured the golden ticket for Croatia when scored off from a wonderful cross by Perisic.Croatian Football Team were underestimated a lot saying that England will easily make it to the final but it was clearly not the case when Croats took on Three Lions. Speaking after the game, Luka Modric concluded the win saying, “They underestimated Croatia tonight, and that was a huge mistake.”Big mistake. pic.twitter.com/E71GDaGtZI— B/R Football (@brfootball) July 12, 2018Even Barcelona star Ivan Rakitic didn’t hold back from criticizing English football team. The midfielder said: “England thought they were already in the final, so they kept on playing the same way. In the end, it’s us who’s in the final.”Rakitić: “England thought they were already in the final, so they kept on playing the same way. In the end, it’s us who’s in the final.” [cope] pic.twitter.com/Qe15Sf7UJG— Barça Centre (@barcacentre) July 12, 2018 Advertisementlast_img read more

13 days agoEverton STUNNER! UK government blocked sensational Ferenc Puskas deal

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Everton STUNNER! UK government blocked sensational Ferenc Puskas dealby Paul Vegas13 days agoSend to a friendShare the loveIt’s been revealed Everton made a sensational attempt to sign Hungarian and Real Madrid great Ferenc Puskas.The move is confirmed in Gavin Buckland’s book on Everton in the 1960s “Money Can’t Buy Us Love”.The Liverpool Echo reports the book reveals that John Moores, the benefactor of the Mersey Millionaires, tried to use his financial muscle to sign the Real Madrid magician in 1960, the year Puskas scored four goals in the famous European Cup final against Eintracht Frankfurt at Hampden Park.Moores’ words delivered to Everton shareholders in December 1960 are published:”It is no use people telling us to go out and buy world-class players like Real Madrid can do. The League rules will not allow it.”If I had offered Puskas a £15,000 signing on fee when he left Hungary, and made him a director of Littlewoods at £10,000 a year, I still could not have signed him for Everton because the Home Office would not have admitted him into the country as an alien, the Players’ Union would have objected and the League would have vetoed it too.”The Everton chairman then bitterly fired off his frustrations to Mike Langley of the Daily Express in August 1962.”Real Madrid, with naturalised Hungarians and Argentinians, are almost helped by the Spanish government to build the world’s best team.”Our government has no interest in football apart from taking millions in pools money out of the game and putting none of it back.” last_img read more

Video: Former Baylor President Botches Interview, PR Woman Comes To His Aid

first_imgJust when you thought former Baylor president Ken Starr couldn’t possibly look any worse, he goes and botches a television interview in the worst kind of way. During an interview with KWTX News 10 Thursday, an answer he gave regarding a victim’s email led to a communications specialist he brought with him to stop the interview, pull him aside and suggest that he use a different response. Starr then sits down and looks to the specialist once again for help before providing the new, scripted response. The entire thing was caught on camera, and KWTX posted the video to its Facebook page.Baylor continues to make things worse for itself, and Starr isn’t helping. He may no longer be president, but the university might have to take it a step further and separate itself completely.last_img read more

Globus Maritime Remains in Red in Q1

first_imgzoom Greek dry bulk shipping company Globus Maritime Limited reported a 50 percent increase in revenues for the first quarter this year reaching USD 2.69 million compared to the corresponding quarter from 2016.The 50% increase in voyage revenues was mainly attributed to the increase in the average time charter rates during the  quarter as TCE rate reached USD 5,079 per vessel per day versus last year’s equivalent of USD 2,211, an increase of 130%.However, total comprehensive loss for the first quarter of the year amounted to USD 2.3 million, compared to USD 1.7 million for the same period last year.“The dry bulk shipping market started the year (2017) weak but gradually improved during the first quarter and especially towards the end of the quarter. We remain vigilant, operating in the spot market but getting longer term cover for our vessels when we see good opportunities. 2016 proved to be a very challenging year, the industry experienced multiyear market lows but we remain cautiously optimistic for the future as the world economy stabilizes and grows,” Athanasios Feidakis, President, Chief Executive Officer of Globus Maritime Limited, said.During the quarter the company reduced its debt under loan agreements by about 30% compared to Q1 2016, having secured a breather from lenders in March.As explained by Feidakis, the move is aimed at shielding the company from any near term market volatility.“The market started to soften recently but the signals we get for the market encourage us to remain cautiously optimistic,” he added.Globus’ subsidiaries own and operate seven vessels with a total carrying capacity of 300,571 dwt, and all of them are currently operating on short term time charters.last_img read more

Family searches for homeless woman lost amid Fort McMurrays massive evacuation

first_imgUPDATE: Eleanor Cardinal has been found. A relative spoke to a nurse who said she was on a bus that picked up a group from the homeless shelter, according to the Alberta AFN’s regional office. The office said Cardinal suffered a bout of tuberculosis which damaged her lungs and she was suffering from the high levels of smoke. The nurse said Cardinal is currently being monitored and is resting. The Alberta AFN office said Cardinal was in a group among the last to leave Fort McMurray. (Family was searching for Eleanor Cardinal who was in Fort McMurray at the time of the evacuation. Photo courtesy of the family.) Jorge Barrera APTN National NewsThe family of Eleanor Cardinal says they have been unable to track down the 55-year-old homeless woman from Fort McMurray following this week’s evacuation of the city which was triggered by a massive wildfire.Elizabeth Jackson said Friday she has been searching for Cardinal over the last two days, contacting the Red Cross, the RCMP and Cardinal’s support worker for information, but no one has been able to provide any help.“We are thinking of her safety,” said Jackson, in a telephone interview from Saddle Lake Cree Nation. “I am scared for her, she has no vehicle, she has no cell phone. I don’t know who she would associate with.”Jackson said she has given her sister’s name and birthdate to the Red Cross in hopes Cardinal will register as one of the estimated 88,000 evacuees from Fort McMurray.“So for me, it is confusing and kind of frustrating, but I understand. I am sure they are getting many calls, many calls. I still wait. I am still waiting,” said Jackson.It’s believed authorities cleared all citizens from Fort McMurray which was evacuated Tuesday after a massive wildfire, which has since grown to 101,000 hectares, spread into the city, devastating several neighbourhoods and destroying at least 1,600 homes and buildings.Winds are currently pushing the massive blaze southeast of the city, reducing the threat to Fort McMurray, officials said Friday. The wildfire has since been joined by another flare-up triggered by a lightning strike created by fire-induced weather conditions. The wildfire is headed into a more remote forested area, posing no immediate threat to communities or oil and gas facilities in the region, officials said.Jackson said she believes Cardinal would have contacted family by now if she was in Edmonton, one of the cities that is receiving evacuees, because she knows the city and relatives live there. Jackson also believes Cardinal would have contacted her if she was taken to the evacuation centre in Lac La Biche which sits about 100 kilometres north of Saddle Lake.“I know she would have contacted me if she was in Lac La Biche, but in both places we haven’t heard from her,” said Jackson.About 25,000 people were initially evacuated to oil and gas camps north of Fort McMurray, including on the territory of Fort McKay First Nation which took in about 5,000 people. Authorities moved about 7,000 people from the northern camps Thursday by airplane to southern evacuation centres in Calgary and Edmonton and other locations.Alberta Premier Rachel Notley said Friday authorities hoped to move about 5,500 people that day by air from northern camps to the south and also along Hwy 63. The only road out of Fort McMurray, Hwy 63 had been closed as a result of the wildfire. At one point the flames created a wall of fire along the highway. Notley said authorities hoped to move about 500 vehicles along Hwy 63 to points south of Fort McMurray.The vehicles began moving south on Hwy 63 at about 6 a.m. Friday in convoys of 50 cars bookended by RCMP cruisers while the Canadian military providing a helicopter escort from above.Alberta officials said fire conditions remain extreme across the province which currently faces about 40 wildfires.Officials said about 1,200 firefighters, 110 helicopters, 295 pieces of heavy equipment, including bulldozers, and 27 water bombers were engaged in battling the wildfires.Fort McMurray, Anzac, Gregoire Lake Estates and Fort McMurray First Nation remain under mandatory evacuation orders, according to the Alberta government’s latest update.Notley also said the provincial government would be providing $1,250 per adult, plus $500 per dependent, to those evacuated as a result of the wildfire. It will cost the province about $100 million to provide the interim financial relief.Officials again said during a press conference Friday that human effort will not be able to stop the wildfire, only rain can bring any hope.“Right now, we really do need some rain, there is no question about it,” said Chad Morrison, senior manager with Alberta Wildfire Prevention. “Even once we get rain, there is still going to be a lot of fire out there and a lot of work. We will be here weeks and weeks to put that fire out.”[email protected]@APTNNewslast_img read more

Former Ohio State football player Bradley Roby pleads guilty to having physical

Then-redshirt-junior cornerback Bradley Roby (1) lines up in coverage during a game against Penn State Oct. 26 at Ohio Stadium. OSU won, 63-14.Credit: Shelby Lum / Photo editorFormer Ohio State football player Bradley Roby pleaded guilty to having “physical control” of a vehicle while impaired, reduced from a charge of operating a vehicle under the influence, Tuesday.According to the Franklin County court report, Roby was fined $375 in addition to court fees.Roby was also sentenced to 180 days in jail, a sentence that was suspended on the condition that Roby participate in a three-day driver intervention program. He was given 30 days of probation as well.The former OSU cornerback was charged with OVI April 20.Roby’s agent Michael Perrett issued the following statement to The Lantern following Roby’s plea deal Tuesday.“Though my client, Bradley Roby, maintains his innocence and feels he would have been completely exonerated had he taken this matter to trial, Bradley has accepted the prosecutor’s offer of a reduced charge to ‘physical control’ to bring closure and finality to this situation ahead of next week’s NFL draft,” Perrett said in an email.“A ‘physical control’ citation is a non-moving violation that will not result in any points being added to his driving record and there will be no license suspension. Bradley is scheduled to complete a three-day alcohol educational class this week which will effectively terminate the case. This plea was accepted by the judge and entered into the record today … Bradley is very focused and is excited about starting his NFL career.”Roby, who was a three-year starter for the Buckeyes, voiced his frustration with the matter last week.“I was not driving . I did not get arrested . Was not in a cell . No finger prints . No mugshot,” Roby tweeted April 25 from his personal account, @BradRoby_1.Roby did not immediately respond an email requesting comment Tuesday.He was suspended the first game of the 2013 season after an incident at a bar in Bloomington, Ind., in July. The charges in that case were later dropped.Roby, who redshirted the 2010 season, recorded eight interceptions and 179 total tackles in his time at OSU and was named an All-American by ESPN in 2012. He is one of 30 NFL prospects scheduled to attend the NFL Draft in New York May 8. read more