The construction of the Tourist Resort Uvala Livka on Šolta is becoming a strategic project of the Republic of Croatia

first_imgWith the realization of the 1st phase of the project, it is planned to invest over 500 million kuna and create 250 new jobs The project envisages the construction of an elite tourist resort, which includes the construction of a 5 * hotel, with a total capacity of approximately 100 rooms, SPA and wellness center, club house with restaurant, coffee bar, beach club for hotel guests, as well as construction of 29 villas and 23 bungalows that will be branded by the elite hotel operator. With the realization of the 1st phase of the Project, it is planned to create 250 new jobs. As a representative of the investor, the company Azurna uvala doo, the Agreement was signed by the director Milenko Bijedić, accompanied by the Mayor of Šolta Nikola Cecic-Karuzic, who emphasized that this project is of special importance for the island of Solta, as well as for the whole of Dalmatia, as well as the further development of Croatian tourism. The total investment value of the entire project is estimated at HRK 1.075.750.000, while the project is declared strategic only in the part related to the 1st phase of implementation, the planned investment value of HRK 508.899.597,00 and the creation of approximately 250 new jobs. Further phases of the project are planned to be realized when the conditions for that are met, and so far about 183 million kuna of private capital has been invested in the preparation and development of the project. On that occasion, Minister Darko Horvat expressed satisfaction that another large project is being put into fast procedure, after the same thing was done last week with the geothermal power plant project that is planned to be built in Draškovac. “This is another indicator of the direction we have set for ourselves and the proactive approach we have taken towards domestic and foreign investors. By creating a stimulating framework and a positive investment climate, we make a great contribution to the realization of important projects throughout our beautiful country.”, The Minister pointed out.center_img This created all the necessary preconditions for initiating the procedure of passing the Decision of the Government of the Republic of Croatia on declaring this project a strategic project of the Republic of Croatia. Yesterday, the Ministry of the Economy, Entrepreneurship and Crafts signed an Agreement on the preparation and implementation of the strategic investment project of the Republic of Croatia Tourist Resort “Uvala Livka, island of Solta”. Cover photo: TZ Šoltalast_img read more

Irish back in action at European Swimming Championships

first_imgBrendan Hyland goes in the 200-metre Butterfly while Sycerika McMahon returns to the pool for the heats of the 200-metre Individual Medlay.Nicholas Quinn and Dan Sweeney are both competing in the 200-metre Breaststroke while Danielle Hill goes in the 100-metre Backstroke.Also, Shane Ryan will also be back in the pool after competing in the final of the 100-metre Backstroke last night – the American-born swimmer will be in action in the heats of the 50-metre Backstroke. Doyle claimed the final place on offer in today’s final after recording the eighth fastest time during yesterday’s semi-finals.That race is due to start shortly before 7pm.But before that, there’s plenty of Irish interest in this morning’s Heats.last_img read more

Hazard can be Chelsea’s all-time great, says Zola

first_imgSince arriving from Lille in 2012, Hazard has already established himself as a Chelsea great, playing key roles in two Premier League title triumphs, scoring the winning goal in last season’s FA Cup final and also lifting the Europa League and League Cup.– Back to his best –After an inconsistent campaign last term marred by rumours of a rift with then manager Antonio Conte, the midfielder is back to his best this season, scoring 10 times in all competitions so far.Hazard underlined his enduring value to Chelsea when he shrugged off a back injury to clinch their 1-0 win over Bournemouth in the League Cup quarter-finals on Wednesday.Hazard was not risked from the start due to a foot injury, but came on to score the decisive goal and is expected to feature when fourth-placed Chelsea host the Foxes this weekend.“The difference was the changes we made. When Pedro and Eden came on, they gave us an extra gear,” Zola said.“Eden is the type of player who can make a big difference when he comes on, even for 20 minutes.”Jamie Vardy is set to return for Leicester after he was rested for the League Cup defeat against Manchester City on Tuesday.Vardy has been struggling with a groin injury and Leicester boss Claude Puel did not want to risk aggravating the problem in midweek.Share on: WhatsApp Pages: 1 2 London, United Kingdom | AFP | Chelsea assistant manager Gianfranco Zola has urged Eden Hazard to reject a potential offer from Real Madrid and focus on becoming the Blues’ all-time greatest player.Hazard has been strongly linked with Real for several months after the Belgium star refused to rule out a move to the Bernabeu and admitted playing for the Spanish giants would be a dream come true.The 27-year-old’s current contract with Chelsea expires in June 2020 and he is yet to agree to an extension as he weighs up his future.Chelsea have reportedly offered to make Hazard the highest paid player in the club’s history in a bid to keep him.But, ahead of Saturday’s Premier League clash against Leicester, Zola made a persuasive argument that was aimed to appeal to Hazard’s ego rather than his bank balance.Zola was voted the best player in Chelsea’s history in 2003 after serving the club with distinction as a gifted playmaker with similar skills to Hazard.The Italian, now back at Chelsea working for boss Maurizio Sarri, believes Hazard is capable of stealing that cherished title from him if he stays at Stamford Bridge.“He’s certainly one of the players who has given this club a lot of satisfaction,” Zola said.“He is 27, and hopefully he will stay long with us and become even bigger.”last_img read more

England six face France in boys’ international

first_img8 May 2019 England six face France in boys’ international Tags: elite golf, England teams, England v Spain, Junior Golf Six England players will take on France in an U18 boys’ international at Chantilly Golf Club this weekend.They are Enrique Dimayuga of Surrey (pictured), Dubai-based Josh Hill, Habebul Islam of Ipswich, Ben Pierleoni of Hertfordshire, Ben Schmidt of Yorkshire and Robin Williams of Northamptonshire.The match takes place on Friday and Saturday, 10 and 11 May, and is being played on the course which will host the European boys’ team championship in July.The players are all members of the England Golf national boys’ squad:Enrique Dimayuga, 17, (Walton Heath) tied fourth in the stroke play stages of the French Boys’ championship and reached the last 16 in the match play. He was 10th in the Hampshire Salver.Josh Hill, 15, (Dubai) was in England’s winning team at the 2018 Boys’ Home Internationals and has started a busy schedule on 2019 events, mixing men’s and boys’ tournaments.Habebul Islam, 18, (Ipswich) was also in England’s winning team at the 2018 Boys’ Home Internationals. He reached the match play stages of the 2019 French Boys’ championship and had a top 20 finish in the Portuguese Men’s Amateur.Ben Pierleoni, 17, (Berkhamsted) was 10th in the Berkhamsted Trophy and reached the match play stages of the French Boys’ championship. He has successfully represented England at U16 level.Ben Schmidt, 16, (Rotherham) was third in last weekend’s U18 Fairhaven Trophies, having had top tens in the U21 Darwin Salver and the Portuguese Men’s Amateur. Last season he won the English Boys’ County Champion of Champions and the Lee Westwood Trophy.Robin Williams, 17, (Peterborough Milton) represented Europe in the 2018 Junior Ryder Cup. He was in England’s winning team at the 2018 Boys’ Home Internationals and sank the winning putt for GB&I in the Jacques Leglise Trophy match against continental Europe.Image copyright Leaderboard Photographylast_img read more

How A MultipleChoice Test Became A Fixture Of The NFL Draft

But before we get there, let’s first look at what the Wonderlic purportedly tests. “What we’re measuring is not what you know — that’s what’s being measured on the ACT or the SAT,” said Charles Wonderlic, president and CEO of Wonderlic Inc. “This is really saying, ‘How quickly does your brain gather and analyze information?’” The 12-minute Wonderlic Personnel Test (WPT) features 50 questions arranged by difficulty, lowest to highest. Here’s a sample:Jose’s monthly parking fee for April was $150; for May it was $10 more than April; and for June $40 more than May. His average monthly parking fee was ___ for these 3 months?J) $66K) $160L) $166M) $170N) $2002The answer: M) $170A player’s Wonderlic score is always a number between 1 and 50, and across all professions, the average score is approximately 21. (Systems analysts and Chemists top the scale 32 at 31, respectively.) For pro football players, the oft-cited number is about 20. Tracking down the average scores by position is tricky, mainly because the buttoned-up NFL isn’t interested in sharing any broad Wonderlic data. In an email, Charles Wonderlic said that while his company has published “norms” for other industries, “we maintain the confidentiality of test scores for single organizations. Since the NFL is the only client by which we can produce a quarterback average, we would need their permission to provide this information. Traditionally, the NFL prefers to keep any information about tests scores internal to their own organization.”Like Wonderlic, Inc., the NFL declined to provide any historical data related to NFL players’ test scores for this piece.For his 19843The first edition of the book was published in 1970. classic “The New Thinking Man’s Guide to Pro Football,” Sports Illustrated writer Paul “Dr. Z” Zimmerman did get one anonymous staffer to spill some then-current averages. Offensive tackles led the way at 26, then came centers (25), quarterbacks (24), offensive guards (23), tight ends (22), safeties and middle linebackers (21), defensive linemen and outside linebackers (19), cornerbacks (18), wide receivers and fullbacks (17), and halfbacks (16). And what about place kickers and punters? “Who cares?” the source said.On its own, a solid Wonderlic score means little. Like a 40-yard dash time, it provides one tiny, standardized data point to employers who presumably take a holistic approach to hiring. But because teams have decades of data on file, they can compare the Wonderlic scores of current college players entering the draft to those of past prospects. “They simply use it to find the extremes,” Foster said. A very low score or a very high score, he added, could lead teams to conduct more testing or look into the prospect more closely.“Wonderlic gives you an area to investigate,” the late New York Giants general manager George Young told the Philadelphia Daily News in 1997. “If a guy doesn’t have a good score on the test, you don’t say he’s not smart. But you go in and investigate and find out [why he scored low]. You go in and talk to his coach. You find out how he did in school. You find out how he retains. If you think he’s a poor reader and did poorly because it was a verbal test, you give him a non-verbal test.”The most famous extreme occurred in 1975, when Harvard receiver and punter Pat McInally4McInally’s post-NFL life has been much more interesting than his football career. He’s the guy who invented Starting Lineup action figures. reportedly scored a perfect 50 on the Wonderlic. The Cincinnati Bengals picked him in the fifth round of that year’s draft, but not before his reputed intelligence reportedly scared some teams away. In 2011, McInally told the Los Angeles Times that Young informed him that acing the Wonderlic “may have cost you a few rounds in the draft because we don’t like extremes. We don’t want them too dumb and we sure as hell don’t want them too smart.”That slightly paleolithic line of thinking, however, wasn’t shared by everyone. “I don’t care about that stuff,” the late Raiders owner Al Davis said in “The New Thinking Man’s Guide to Pro Football.” “If a kid is street smart, that’s enough. Our coaches’ job is to make a kid smarter. I just wonder if they checked some of the coaches’ IQs around the league, how high they’d score.”By now, the value of the Wonderlic has been debated so vigorously, especially among NFL executives, that it’s easy to forget that the test wasn’t designed for football. But the Wonderlic is not without its detractors. Charles Wonderlic estimated that since the test’s inception nearly 80 years ago, it has faced legal scrutiny hundreds of times.In the summer of 1965, when the Equal Employment Opportunity Commission began operations a year after it was established by the Civil Rights Act of 1964, the Duke Power Company in Draper, North Carolina, began allowing its black employees to work in its higher-paying divisions. Until that point, black employees had only been permitted to work in the low-paying Labor department. Duke Power also instituted a policy that required all new applicants6Duke Power started permitting current employees without a high school degree to transfer to higher-paying departments in September of 1965, but to do so they still had to pass two aptitude tests. to have a high school diploma and pass two aptitude exams: the Bennett Mechanical Comprehension Test and the Wonderlic Personnel Test.These measures crippled the efforts of black workers to advance. At the time, the percentage of white men who both possessed a high school diploma and were able to pass the two aptitude tests was significantly higher7According to the 1960 North Carolina census, 34 percent of white men had a high school diploma while only 12 percent of black men had the same level of education. The newly formed Equal Employment Opportunity Commission found that in this case, 58 percent of white people and only 6 percent of black people who took the Wonderlic and the Bennett tests passed. than the percentage of black men who met the same criteria.Griggs v. Duke Power Co., a U.S. Supreme Court case argued in 1970, condemned the company’s requirements. Not only did they disproportionately affect black workers, but they also failed to show “a demonstrable relationship” to job performance, Chief Justice Warren Burger wrote in the majority opinion. He also noted that nothing in the Civil Rights Act “precludes the use of testing or measuring procedures; obviously they are useful.”While the Wonderlic test has shown itself to be a useful tool for workplace assessment, it has also faced longstanding criticism from those who argue that it is racially and culturally biased. It’s unclear whether the NFL, a league in which more than 67 percent of players are African-American, agrees with those accusations or if the league actually uses the Wonderlic to make personnel decisions.“How determinative it is depends on the club,” former Giants general manager Ernie Accorsi told ESPN.com in 2013, “but it’s usually not ‘the’ determinative factor.”When it comes to football, is the test a demonstrably reasonable measure of job performance? Because official NFL Wonderlic scores aren’t publicly available, it’s difficult to know for sure, but that hasn’t stopped researchers from attempting to find out. Brian D. Lyons, Brian J. Hoffman, and John W. Michel8At the time, Lyons, Hoffman and Michel were working at University of California, Fresno, the University of Georgia and Towson University, respectively co-authored a 2009 study examining the reported9They found the scores on NFLDraftScout.com and CBS.Sportsline.com. Wonderlic scores of 762 NFL players from three draft classes. They found that there was little correlation between Wonderlic scores and on-field performance, except for two positions: Tight ends and defensive backs with low scores actually played better than those with high scores. The researchers surmised that this “could be explained by the notion that performance for these positions entails more of an emphasis on physical ability and instinct” than general mental ability.Today, the NFL continues to ask potential draftees to take the Wonderlic, although the test now has company. In 2013, the league introduced the Player Assessment Tool, which was developed by attorney Cyrus Mehri, whose report led to the implementation of the NFL’s Rooney Rule, and psychology professor Harold Goldstein. Louis Bien of SB Nation recently reported that the PAT is a 50-minute exam that examines a player’s football smarts, psychological attributes, learning style and motivational cues. “Players are not given a numeric score, unlike on the Wonderlic, so technically there is no way to do poorly on it,” Bien wrote.Mehri’s hope is that the new test can measure what the Wonderlic can’t. “This kind of levels the playing field from a socio-economic point of view,” he told USA Today. “A lot of guys may be very intelligent, but are not as book-smart as others. Someone may not be the best reader, but they can still be very smart in picking up things.”As long as the Wonderlic is administered at the NFL Scouting Combine, Foster, the Combine director, will be fielding questions about it — and shaking his head at leaked scores. “It has some value,” he said of the test. “It does not have near the value of what we spend talking about it between February and May.”After all, a high or low score won’t automatically doom or anoint a prospect. Just ask Greg McElroy. After doing exceptionally well on the Wonderlic in 2011, the New York Jets picked the quarterback in the seventh round of the draft. Before announcing his retirement in 2014, he played in a total of two NFL games. What it was designed for was something more basic. In the 1930s, Eldon “E.F.” Wonderlic — friends called him Al — was working as the director of personnel at consumer loan provider Household Finance Corporation.5It’s now called HSBC Finance. His employer was looking for a more efficient way to hire entry-level workers at its branches, so it sent Wonderlic to graduate school at Northwestern in hopes that his research would yield a solution to the problem.E.F. Wonderlic acknowledged that the single best predictor of job performance was previous work experience. But as Charles Wonderlic put it: “How do you predict someone’s performance if they have never done that job before?” The second-best predictor of job performance, E.F. Wonderlic reasoned, was cognitive ability.“What he found was that different jobs had different cognitive demands ranging from very low to very high,” said Charles Wonderlic, E.F.’s grandson. “And there were really distinct IQs around each job. And the further away you got from that distribution, that’s when you started to experience problems.”The original Wonderlic Personnel Test was born out of that theory. The first copyrighted version of the test appeared in 1937. Its brevity and simple scoring system, Charles Wonderlic said, allowed virtually any manager to both administer the test and interpret scores. (This is also the likely reason for modern pundits’ love of Wonderlic scores: They’re easy talking points.)After a stretch at Douglas Aircraft Corporation during World War II, E.F. Wonderlic worked in finance and sold copies of his test. He didn’t advertise, but eventually big companies like Spiegel and AT&T started calling. In 1961, E.F. Wonderlic left his job as president of General Finance Corporation and founded E.F. Wonderlic & Associates. By then, Charles Wonderlic said, an estimated 4 million people a year were taking the WPT.In the early 1960s, Gil Brandt was a young scout with the expansion Dallas Cowboys. “We were not a very good team,” he told me. His bosses, general manager Tex Schramm and coach Tom Landry, were looking for ways to change that. After doing some research, Brandt said that the trio determined that successful businesses used the Wonderlic and the team should, too. It’s unclear exactly when the Cowboys began testing players. Brandt did say that at some point during the ’60s, he remembers watching spring practice at Northwestern and then stopping by the Wonderlic headquarters to learn more about the company.By the late ’60s, George Young was an ambitious personnel assistant for the Baltimore Colts. He’d been a public school teacher before transitioning to football full time, and he asked the head of the guidance department in Baltimore for a handful of different tests to peruse. Of the 10 he reportedly looked at, the Wonderlic stuck out, and soon the Colts began using it.Other teams followed suit by the 1970s, and the NFL eventually began to use it to assess college players en masse. Since 2007, Wonderlic, Inc. staff members have traveled annually to Indianapolis to administer the test at the Scouting Combine. Eldon Wonderlic. Wonderlic Inc. As Charles Wonderlic drove from the NFL Scouting Combine in Indianapolis to his company’s headquarters near Chicago on February 27, 2011, he made the mistake of turning on a sports radio show. The host, as Wonderlic remembers, was talking about Alabama quarterback Greg McElroy’s near-perfect Wonderlic score. Each winter, hundreds of football prospects take the multiple-choice test that claims to measure their intelligence. Results are supposed to be kept confidential, yet they always seem to become media fodder.In reality, there’s no way anyone could’ve known McElroy’s score. On that day four years ago, as reports of McElroy’s supposed feat trickled out, sealed boxes containing every single Wonderlic answer sheet were sitting in Charles Wonderlic’s car, still unscanned. Wonderlic, Inc. didn’t send an encrypted file of the players’ results to the NFL until March 1. Unsurprisingly, a variety of news outlets ran with the story anyway.1For example: purveyor of NFL rumors and gossip ProFootballTalk — which, has since mostly ended its coverage of Wonderlic scores — published three conflicting blog posts about McElroy’s alleged score. The first named McElroy’s alleged score, the second quoted an anonymous scout saying there was “no chance” McElroy’s score could’ve leaked that quickly, and the third claimed that McElroy didn’t score as high as initially reported. The third report was closest to the mark, as it turned out. The months leading up to the NFL Draft feel like election season: Everybody’s trying to dig up dirt on candidates.“Are we just so starved for information this time of year that we search for anything?” wondered NFL Scouting Combine director Jeff Foster, who only agreed to be interviewed for this article after I assured him that I wouldn’t be reporting individual Wonderlic scores.In an era when the NFL schedule release is treated like the premiere of the new “Star Wars,” the answer to Foster’s question is a resounding “yes.” We crave even the smallest bits of information about players entering the NFL Draft, even if it’s not meant for our consumption. Forget Foster’s estimate that half the Wonderlic scores he sees in news stories are incorrect. As long as the test is administered at the Combine, media and fans will fixate on it.“The only person it impacts is the player,” Foster said of a leaked Wonderlic score. “How would you like to be branded unintelligent because you scored a 5 on an intelligence test?”The story of the Wonderlic, however, is more than just a range of easily regurgitated numbers. It’s the story of how one guy’s American Dream helped shape a new American pastime. read more

FortisTCI engineer leaves Monday for one year in Canada

first_img Related Items:daylon joseph, eddinton powell, engineer, fortisalberta, FORTIStci Recommended for you FortisTCI ready for the building boom and consumer demand for electricity; plans in place and new ones coming says CEO Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 03 Jul 2015 – Daylon Joseph, an engineer with Fortis TCI will leave for a one year on the job training stint in Canada and among the experiences for him will be designing and maintaining electrical and distribution standards and solving technical problems associated with design and operation of lines and equipment. FortisTCI in a media release explained that this opportunity is among the benefits of having a link to the Fortis Group of Companies. Over the year, Daylon will work temporarily at FortisAlberta and the other six months at Fortis Canadian Utilities. CEO of FortisTCI, Eddinton Powell congratulated Daylon Joseph as he explained that the electricity industry is undergoing unprecedented transformation which brings challenges and creates a range of opportunities; he added that “our workforce must be ready to meet these challenges and opportunities.” Facebook Twitter Google+LinkedInPinterestWhatsApp Premier salutes FortisTCI on round the clock work to restore electricity and visits 14 resorts after June 4 black out Editorial: Listen to your Mamalast_img read more

Wiredcom Adds Two New Channels

first_img Transportation, which previously lived as a subsection of Wired’s “Gear” channel, will now occupy a tab of its own, headed by associate editor Alex Davies. Prior to joining Wired in 2014, Davies spent two years as a reporter for Business Insider. The new sections join Wired’s existing channels—Business, Design, Gear, Science, and Security—on Wired.com, which received a redesign in March. “The new WIRED Culture section will be home to smart thinking about how society is changing: how we communicate, what we value, how we grow,” the introductory note reads. “Every tomorrow is brighter than the one before it, and that’s bigger than entertainment—that’s culture.” Citing Wired’s coverage of recent innovations like Audi’s self-driving car and Tesla’s electric SUV, Davies explained in an editor’s note, “How we move around on the planet (and beyond it) is fundamentally changing—and as it does, it will change a great deal about who we are, how we interact, and what our lives look like.” Senior editor Peter Rubin—who oversaw the former entertainment tab—will head up the new culture section, while former Yahoo! Movies managing editor Brian Raftery will be a senior writer. The section will publish 40 to 50 stories each month, according to the company. The transportation vertical will publish about 40 pieces per month, at least 40 percent of which will be related to automotive technology. Wired is looking to bring in two additional full-time writers for the new section. center_img The new culture section is a re-branding, of sorts, of the tab formerly known as entertainment. An introductory note describes the shift as reflective of the increasingly-dominant role that the internet and social media play in defining “WIRED culture”—from memes and hashtags to Vines and Periscope streams—extending far beyond movies, music, television, and video games. Wired kicked off 2016 by adding two new sections to its website: Culture and Transportation. Transportation-related content accounted for eight percent of all traffic to Wired.com in 2015, according to the company, up 30 percent from the year prior. Ford Motor Company serves as the transportation section’s launch sponsor.last_img read more

Reebok Files FIR Against Former Top Employees For Alleged Fraud

first_imgReebok India on Tuesday filed an FIR against its former managing director Subhinder Singh Prem and COO Vishnu Bhagat for allegedly mishandling the company’s money by indulging in fictitious sales, and setting up forged accounts over the past couple of years.  The financial irregularities were to the tune of Rs 8.7 billion (INR 870 crore).(Due to a typing error in the FIR, there were some reports which suggested it was a Rs 8700-crore scam.)  Shahim Padath, Reebok India’s financial director, lodged the complaint at the Gurgaon police against the ex-employees.The services of Prem and Bhagat were terminated following the discovery of their illicit activities in March last.  It was alleged that the two had set up four secret warehouses for storing company merchandise and eventually selling them off to ghost companies and dealers within the country.The duo, who had worked in the company for 16 years, claimed that the stored goods were defective and that they were sold to legitimate distributors, IBN Live cited a PTI report.The duo was also accused of forging bills worth Rs 860 million (INR 86 crore) on goods which were already delivered to customers in 2011 and the year before, the Economic Times said.In December 2011, it was alleged that the former executives had invoiced Rs 1.47 billion (INR 147 crore) worth of goods that were not delivered to Reebok stores.”The said products were thus stolen by accused 1 and 2 (Prem and Bhagat) and the secret warehouses mentioned above were used for storing some of such stolen products,” the FIR said.The FIR estimated the value of the “stolen” goods to be worth Rs 630 million (INR 63 crore).Reebok has also accused Singh and Bhagat of expanding the store against company instructions, through which the duo had amassed money and also operated franchise referral programs.”Almost no franchise stores were opened under the scheme despite collection of about Rs 114 crore from various investors,” the FIR said according to the report.Adidas India, which is Reebok’s integrated partner, said in a statement to IBN Live, “We are given to understand that our criminal complaint has been registered for investigation by the Indian law enforcement authorities. Please understand that we cannot provide any further details since the matter now rests with the Indian law enforcement authorities. We shall continue to cooperate with the authorities in their investigation of the matter.”last_img read more

Euro 2016 Five companies benefiting from the tournament

first_imgEngland, Wales and Northern Ireland have all managed to qualify for the knockout stages of Euro 2016, with optimism high that they can progress further. Wales and Northern Ireland face each other in Paris on 25 June, guaranteeing one of them a place in the quarter finals. England on the other hand will fancy their chances against an Iceland team ranked 34th in the world when they meet two days later.Who could benefit from continued home nations success?Looking at the business world, there are a number of areas where companies could profit from a good run by the three home nation teams. I would concentrate on companies in the following areas:Sports retail: i.e. companies selling replica shirts, balls and footwear.Branded sportswear makers: those making the official replica kits and football paraphernalia.Pub chains: judging from the crowds in the pubs every time a home nations game is on the television, pubs should clearly benefit.Bookmakers: football betting has clearly been a huge winner from the Euros.Media: Bigger TV audiences for Euro 2016 games mean bumper advertising revenues for the TV companies showing the games.Takeaway food: Pizzas for sharing and other takeaway food are much in demand for football nights in with friends.1) Sports retailers: JD Sports, Sports DirectThe most obvious beneficiaries are the sports retailers JD Sports (UK code: JD.) and Sports Direct (UK code: SPD).In fact, JD Sports even stated just last week that they had been recently benefiting from a further boost to sales from the Uefa Euro 2016 Tournament, which has boosted their profitability.Sports Direct has been in the news this month as founder Mike Ashley appeared in front of a House of Commons committee to discuss the groups controversial employment practices. But this has probably taken the limelight away from what should be a strong trading performance for the retailer this summer.And let us not forget, later on this summer we also have another huge sporting event, the Rio Olympic Games, which could trigger further enthusiasm for sports in general, including disciplines where Team GB have been traditionally strong like track and road cycling (think Halfords, UK code HFD).2) Sportswear makers: AdidasWho makes the kit for the Wales football team? The sports brand Adidas which is listed on the Xetra Stock Exchange in Germany (German code: ADS), who also make the official Euro tournament football.Just like JD Sports, Adidas has performed strongly in share price terms since the beginning of 2015, up nearly 100% over the last year and a half (Chart 1).3) Pub chains: JD Wetherspoon, Greene KingPubs around the country have been full to brimming every time a home nation game has been shown – that has got to be good news for pub chains such as JD Wetherspoon (UK code: JDW) and Greene King (UK code: GNK).As an example of the boost to pub drink sales, Welsh pubs recorded an impressive 41% rise in takings between 5pm and midnight on the night of the Wales-England football game, compared to an average Thursday in June. In England, the equivalent increase was 32%, so good, but not as good as in Wales.4) Bookmakers: William Hill, Paddy Power Betfair, LadbrokesBookmakers should be making hay from the Euro 2016 championships, judging by the avalanche on in-play online betting advertisements that are shown at each half-time.The three main listed UK bookmakers are: Paddy Power Betfair (UK code: PPB), William Hill (UK code: WMH) and Ladbrokes (UK code: LAD).Online betting rivals Bwin has previously stated it expected the Euro 2016 tournament to drive its growth this year.5) Media (Advertising): ITVWell, the TV broadcasting rights for the Euros are being shared by the BBC and ITV. So, the longer the Home Nations remain in the tournament, the better for ITVs (UK code: ITV) advertising revenues.Back in March at the time of their last results announcement, the TV broadcaster predicted it would outperform the UK TV advertising market this year, boosted in particular by strong advertising revenues around Euro 2016.Note that ITV is being forecast strong growth in pre-tax profits over the next three years, as a function of advertising growth as well as growth in sales of its TV productions.6) Takeaway Food: Dominos Pizza, Just EatOn those football nights when you want to share some quick and easy food with your mates while gathered around the box, takeaway food specialists Dominos Pizza UK (UK code: DOM) and Just Eat (code: JE.) should profit from a boom in online and telephone orders.Dominos Pizza UK, which runs all the franchises in the UK, has enjoyed a phenomenal run of growth over the last few years, posting 16% growth in sales in 2015 (Chart 3).Of all of these companies, I find both Sports Direct and ITV of particular interest, as I expect them to continue to generate decent growth while currently trading at attractive valuation levels.last_img read more

Centre to pay jute mills only after full payment to farmers labourers

first_imgKolkata: In a stride to ensure that jute farmers and labourers get their desired benefits, the Centre will make it mandatory for the mill owners to make their payments in its entirety before getting the entire payment of the government orders.The decision of the Centre comes in the wake of a section of farmers and labourers complaining of not getting the benefits that they deserve. “The jute industry used to get payments against the order regularly. Why are the farmers and labourers complaining about it? Now, we are making it mandatory, that if you do not pay the farmers or labourers or any way abdicate the responsibility, we will not give you the order,” Union Textile minister Smriti Irani said during an interactive session organised by the Indian Chamber of Commerce. Also Read – Rain batters Kolkata, cripples normal lifeThe jute industry, according to the minister has a ready order worth Rs 5,000-5,500 crore every year (in terms of sacking). “We give such huge orders so that the jute industry stays alive. The sum is given to the jute industry in terms of order so that the farmers and labourers can get the benefits out of it,” she maintained. Irani urged the industry to go for innovation and come forward in taking new initiatives and said the Centre has been focusing on how to transform small size firms into mid-size entities. Elaborating on innovation, she touched upon technical textiles that are finding its application in automobiles, interior decoration, healthcare, industrial safety among others. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedIrani said the industry should work closely with the government so that the policies framed by the latter may be implemented effectively. Later, addressing the Annual General Meeting at the Merchants’ Chamber of Commerce, she said the government has increased the import duty on some textile products to protect domestic manufacturing. “India looks at the trade war between China and the US as an opportunity and not as a challenge. India would be benefited from the trade war not only through policy intervention but also through industry practices,” she added.last_img read more