Business lender Iwoca rakes in £150m financing from Augmentum Fintech and NIBC

first_img Small business lending challenger Iwoca has closed a total fundraise of £150m, led by an earlier £7.5m investment from London-listed fund Augmentum Fintech.City A.M. understands the raise was made up of a £20m series D equity funding round and £130m in debt capital. Existing investor Prime Ventures also participated, alongside NIBC Bank. Business lender Iwoca rakes in £150m financing from Augmentum Fintech and NIBC Tags: FinTech Small business Startups Share Monday 18 February 2019 8:27 am Emily Nicolle “As an SME lender, Iwoca is unique for its scale in both the UK and Germany,” said Augmentum Fintech chief executive Tim Levene. “The factors that underpin Iwoca’s success are difficult to achieve in combination. We are confident that Iwoca will emerge as one of the few winners in the SME non-bank lending space.” A person familiar with the matter told this paper that the final fundraise, first reported by City A.M. in January, will be used primarily to expand Iwoca’s presence in Germany, both in terms of staff and customer base.The fintech firm, which offers credit facilities to small businesses across the UK and Europe, has now raised just under £60m in equity funding to date and £350m overall.Read more: Business lender Iwoca nabs £7.5m with a bigger funding raise on the horizonPast backers have included Etsy investor Acton Capital Partners and the venture arm of Commerzbank, neither of which chose to follow on their investments in Iwoca’s series D.Chief executive Christoph Rieche said the lender is “on track” to fund 100,000 businesses in the next five years, having funded just over 25,000 firms since it launched in 2012. whatsapp whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoScientific MirrorLily From The AT&T Ads Is Causing A Stir For One ReasonScientific MirrorUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndolast_img read more

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Norway all but hands victory to Euronext in battle with Nasdaq over Oslo Bors

first_imgMonday 13 May 2019 9:54 am whatsapp Share Callum Keown Norway all but hands victory to Euronext in battle with Nasdaq over Oslo Bors Euronext has won clearance from the Norwegian government to buy stock exchange Oslo Bors, handing it almost certain victory over rival bidders Nasdaq.The pan-European exchange said it now expected to complete the transaction by the end of next month. Tags: Trading Archivecenter_img Nasdaq said the Norwegian finance ministry’s ruling was “disappointing” and it would assess its options.Nasdaq Nordic president Lauri Rosendahl said: “There are no exchanges in Europe where a majority shareholder owns more than 50 but less than two-thirds of the shares.“We were hopeful the Norwegian authorities would make a decision consistent with this widespread European practice.”The company said from conversations with investment firms, industry bodies and the public, it felt that a large majority preferred Nasdaq to be the new owner of Oslo Bors.”This takeover is an unintended, yet unavoidable consequence of the competition landscape post Mifid I, which have been accentuated by Mifid II,” Lars Wilberg, from global trading systems provider Itiviti said. Read more: Euronext gives Oslo Bors shareholders more time to back its offerThe US giant, which has support from 37 per cent of Oslo Bors shareholders, had hoped the Norwegian finance ministry would rule that a two thirds majority of shares was needed to secure a deal.The ministry confirmed there were no restrictions, handing the advantage to Euronext, which has support from 53.2 per cent of Oslo Bors shares.The pair have been locked in an intense battle over the Norwegian stock exchange since the end of last year.Both offers of 158 Norwegian kroner per share, value the business at roughly 6.8bn Norwegian kroner (£600m). “The pressure on transaction costs have reached a level where you need to scale your business or simply perish.”Read more: Nasdaq increases Oslo Bors stake as battle with Euronext comes to a headThe decision was welcomed by Euronext, however, who hoped to complete the deal next month.Chief executive Stephane Boujnah said: “Euronext welcomes the ministry’s clearance to acquire up to 100 per cent of Oslo Bors’ capital and look forward to completing the next steps to close the transaction by the end of June 2019.“As part of the Euronext family, Oslo Bors will continue to be a strong and leading Nordic exchange and CSD, and a hub for Euronext’s ambitions in the region.” whatsapplast_img read more

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Only 3,600 households have signed up to Sadiq Khan’s energy company

first_img Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comConnecticut man dies after crashing Harley into live bearnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com “London Power is merely a disguised taxpayer-funded marketing scheme for Octopus Power in London,” he said. Stefan Boscia Only 3,600 households have signed up to Sadiq Khan’s energy company The energy market watchdog’s 2019 report on the energy market found 53 per cent of consumers had never switched energy companies. Fewer than 4,000 London households have signed up to Sadiq Khan’s green energy company that he set up this year for £3.2m. “The Mayor has committed to spending up to £3.2m London Power over a four year period so the simplistic maths used in this press release simply don’t add up after just the first nine months of operation. Furthermore, the customer numbers mentioned here are from 30 September, just two days after the London Power marketing campaign was reactivated having been paused during the pandemic.” Tags: Sadiq Khan Khan claimed at its launch that it would save the average household £300-a-year on bills. Conservative London Assembly member Tony Arbour called London Power “a tremendous waste of money”. Thursday 3 December 2020 6:09 am London Power, which is run by Octopus Energy, was set up by City Hall in a bid to save consumers money on their energy bills. “It’s frankly disgraceful that Sadiq Khan is wasting millions of pounds on this PR stunt which will never deliver for Londoners.” London Power entered a market that is already home to 64 active suppliers, according to Ofgem. However, the figure for London – where energy prices are among the most expensive in the country – is not known. A spokesperson for the mayor said: “This is an unfounded attack on a green energy company bringing affordable energy to thousands of Londoners. whatsapp Also Read: Only 3,600 households have signed up to Sadiq Khan’s energy company whatsapp Before the Open newsletter: Start your day with the City View podcast and key market data The company’s website says that “all the electricity [used] will be matched with power generated from renewable sources like the sun and the wind”. Share City Hall figures shows that London Power has just 3,658 customers, meaning City Hall has spent £875 per customer.last_img read more

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UK consumer credit slumped in January as lockdown took hold

first_imgMonday 1 March 2021 10:44 am Show Comments ▼ Unsecured lending to consumers tumbled by £2.4bn, the biggest drop since last May’s £4.5bn hit. whatsapp Tags: Bank of England whatsapp Damian Shepherd Also Read: UK consumer credit slumped in January as lockdown took hold center_img Also Read: UK consumer credit slumped in January as lockdown took hold Share This takes the year-on-year fall to 8.9 per cent, the biggest decline since monthly records began in 1994. The drop was more than a median forecast of a £1.9bn drop predicted by a Reuters poll of economists. British lenders approved almost 99,000 mortgages in January, down by around 4,000 from December. Consumer borrowing in January fell at its fastest pace since May last year as the country returned to lockdown, Bank of England data showed on Monday. UK consumer credit slumped in January as lockdown took hold last_img read more

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Twitter chatter about BBC One’s Sherlock nets London £11m in free advertising

first_img whatsapp Jessica Morris Thursday 13 November 2014 11:29 am Show Comments ▼ whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndocenter_img Tags: BBC Twitter Twitter chatter about BBC One’s Sherlock nets London £11m in free advertising Twitter chatter about the BBC One drama Sherlock has generated millions in free advertising spend for London’s tourism industry, according to new research by Film London.The study crunched nearly 35 million likes, mentions and tweets from a range of websites such as Twitter, Facebook, Reddit and Pinterest to establish the “screen tourism” effect. Adrian Wootton, chief executive of Film London and the British Film Commission, said:Looking at a range of projects -from indies through to global blockbusters and television series’ – the results show productions get people talking about the destinations and locations they feature.Quite simply, this is free advertising, and emphasises the power of screen productions as a tourism driveScreen tourism has  helped other cities too. Malta raked in nearly £3m in free advertising spend for from Game of Thrones (2011), Gladiator (2000) and Popeye (1980). Ystad in Sweden and Apulia in Italy were also found to have benefitted from a similar effect.So which London landmarks play host to the most famous scenes?1. SHERLOCK (Source: Getty)The BBC’s crime drama Sherlock, starring Benedict Cumberbatch, pulled in £10.8m. It’s a modern-day retelling of Arthur Conan Doyle’s short stories and novels which were first published over 100 years ago. In the series, Sherlock Holmes still lives at 221b Baker Street and fans can watch the cast trapeze through some of London’s most well known locations including China Town, Russell Square Gardens and the South Bank.LOCATIONS:221b Baker Street: This is the fictional home of Sherlock Homes but the BBC version actually features version actually features North Gower Street.Diogenes Club: In Cohn’s books it’s located opposite Pall Mall but in the television series fans are really watching the The British Academy in Carlton Terrace.2. HARRY POTTER ​(Source: Getty)Warner Brothers’ series of Harry Potter films starring Daniel Radcliffe, Emma Watson and Rupert Grint sparked £10.4m in free advertising spend for London. Fans will recognise St Pancras International as the home of Platform 9 ¾ from which Harry and friends catch the Hogwarts Express. Charring Cross Road and Leadenhall Market are also used for scenes featuring wizard pub the Leaky Cauldron and secret street Diagon Alley.LOCATIONS:St Pancras International, Kings Cross: The huge station is home to Platform 9 ¾.Reptile House, London Zoo: This is where Harry first realises he can talk to snakes in Harry Potter and the Philosopher’s Stone 3. NOTTING HILL (Source: Getty)Notting Hill, starring Hugh Grant and Julia Roberts, garnered the most free advertising revenue – it generated a whopping £19.5m. The opening scene features the actor walking through the now-famous Portobello Road market.LOCATIONS: Portobello Road Market: The film opens with Hugh Grant walking through Portobello Road Market More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Sharelast_img read more

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News / Revenue-hit low-cost carriers are turning to ‘passenger-freighter’ action

first_imgOn 22 August, it entered the maindeck scene with an A320 that had been stripped of seats, flying between Fuzhou and its Singapore base.According to the carrier, the removal of seats doubled the plane’s cargo capacity to nearly 20 tonnes. And Scoot has since put a second A320 into the modification process.Indian LCC SpiceJet set its sights on the longhaul sector, with a modified A340 that joined its fleet last month. Its first commercial flight took off from Amsterdam on 22 August for Mumbai. The next day, it took off for Africa, hauling 40 tonnes of cargo from Mumbai to Khartoum.“The induction of our first A340 aircraft has significantly enhanced our operational capability and will allow us to operate non-stop cargo services across the globe to destinations in Europe, Africa and CIS countries,” said SpiceJet chairman and MD Ajay Singh.The Covid-19 pandemic has piled on the pressure on the LCC sector, which was already facing headwinds. One of the first casualties was Flybe, while in Asia, Nok went into business rehabilitation and its longhaul NokScoot joint-venture went under. AirAsia X has been in hibernation since posting a record net loss of $129.6m for Q1.From a forwarder perspective, the additional lift is welcome, despite the shortcomings.“It’s not economical to load such ‘pax freighters’ manually. You can only load small pieces and the process is laborious,” said Stephan Haltmayer, CEO of Quick Cargo Service. “The whole thing is costly because you can only load a small tonnage,”He added that the handling of these planes had caused congestion at Frankfurt Airport.Nevertheless, the additional capacity met a need, he said, adding: “This lift is an alternative, because there are far too few freighters in the market.“Maybe some airlines now realise how important freighters are and how important a cargo division suddenly can be.”He says Lufthansa is going to hang on to its MD-11 freighters, which were supposed to be retired by the end of this year, even though the German carrier is taking delivery of two 777-200Fs this autumn, while another two 777Fs are due for delivery to joint-venture operator Aerologic.Other passenger airlines are taking seats out of widebodies to maximise cargo payload. Last month, Cathay Pacific boosted its cargo capacity with the introduction of two 777 ‘preighters’, and EVA Airways was the first carrier from Taiwan to go down this avenue, with one of its 777-300ERs.In North America, Delta has decided to remove seats from an unspecified number of widebody aircraft.As the recovery in passenger traffic has stalled, passenger aircraft are expected to remain in cargo service for longer than originally anticipated. By the same token, LCCs are likely to up their presence in the cargo market.The irony in this is that it was the rapid growth in LCC activity that forced slot restrictions for freighters at Amsterdam. Now, the nemesis of the air cargo business is in hot pursuit of freight in order to stay afloat. By Ian Putzger 08/09/2020 Budget passenger airlines are warming to cargo: Singapore-based Scoot is removing seats from A320 aircraft for regional freight operations, while SpiceJet has used a reconfigured A340 to fly to Europe and Africa.Traditionally, low-cost carriers (LCCs) have shown scant regard for cargo. Many have not bothered with it at all, lest the loading/unloading disrupt tight turnaround times.Others have dabbled – JetBlue stopped its cargo operations a few years ago, but entered the business for a second time last year.As the low-cost arm of a legacy airline with a pedigree in airfreight, Singapore Airlines offshoot Scoot has, arguably, been closer to cargo than many of its peers. It was one of the first Asian carriers to use some of its 787-9 planes to haul cargo, starting in March.last_img read more

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News / Lufthansa Cargo e-commerce offshoot heyworld eyes major expansion

first_imgA Uruguayan stamp shows Lufthansa Cargo Container Service Inauguration, circa 1980© Sergei Nezhinskii | After a turbulent year that shifted its focus firmly to the intercontinental arena, heyworld, the e-commerce offshoot of Lufthansa Cargo, is set to expand its reach.The European response to the Covid-19 pandemic last spring had a profound impact on heyworld, launched in summer 2019 to offer a dedicated service to online retailers, digital marketplaces and forwarders dealing with e-commerce.Initially the fledgling company had focused on using the belly capacity of its parent, which offered ample opportunities in the intra-European market. But the collapse of international passenger flights undermined the plan and forced heyworld to alter course.“We had to do something. We had a lot of intra-European traffic in the bellies,” said MD Timo Schamber. By Ian Putzger 25/01/2021center_img The focus was shifted decisively to intercontinental traffic, which soon saw strong growth.“Intra-Europe virtually disappeared. In some months we had 100% intercontinental business,” Mr Schamber said, adding that in recent months European flows had improved and now made up about 25% of the company’s traffic.And he does not expect this split to change much. The firm’s business model, with services including customs clearance, is better suited for intercontinental flows, he said. Moreover, the amount of intra-European e-commerce with more emphasis on speed than cost is lower than in the intercontinental arena.With transit times of three days within Europe and five to seven for intercontinental traffic, the firm’s service is positioned between express and mail.Offering customs clearance and tracking as well as first- and last-mile service, the company has also fared well with flows beyond Europe to and from the UK after the latter’s exit from the EU.“It would be a lie to say that there were no challenges when we set up our Brexit product, but we have reliable partners in the UK and our solution works,” Mr Schamber said. The Brexit service went live on 1 January and has drawn in fashion retail firm Bestseller Group.The shift to predominantly intercontinental business has elevated the importance of heyworld’s hub in Frankfurt, which was less relevant for traffic within Europe. The warehouse, which can handle 8,000 parcels in one shift, is set for expansion this year.“It’s not just about putting in a sorter, it has to communicate with our system,” Mr Schamber said. The company handles and tracks traffic at the shipment level and maps the parent company’s tracking to avoid confusing customers with LH Cargo tracking system.The transport management system, which constitutes heyworld’s biggest investment to date, was developed in-house and is linked to partners and customers, connecting to the latter through an API.At origin points the company works with local partners who take care of handling, pallet building and customs clearance. In addition, heyworld works with local LH Cargo offices.“We have good support from our parent company. We have access to the necessary spaces and are free to create processes as we need,” Mr Schamber said.Although the support does not extend to preferential access to capacity on the parent airline group, which carries all heyworld’s traffic, he said: “For now we’re satisfied with the Lufthansa Cargo capacity that we get.”But Mr Schamber expects to start using lift on other airlines before the end of this year.“We’re already registered with CASS and IATA, which means we can place bookings on other airlines. We will definitely do this this year,” he said.At this point exports constitute the lion’s share of heyworld traffic, so strengthening imports is one of the major targets for 2021. Another is to expand the network and build the customer base, but this does not entail setting up overseas branches for the time being.“We will see if it makes sense to open a branch in Asia, or if we need to build one in North America. It’s not necessary today,” Mr Schamber said, adding that currently he sees no need for heyworld to develop multimodal capabilities.“Ocean and other modes of transport will be less and less relevant for e-commerce,” he said, pointing to Amazon, which has aggressively slashed transit times, thereby creating consumer expectations of accelerated delivery, which is still growing. In e-commerce, particularly fast transit time is critical, he stressed.Over time, heyworld will likely face more competition from other airline ventures. Stan Wraight, president & CEO of consultancy Strategic Aviation Solutions International, sees a growing number of airlines having a go at a dedicated e-commerce service, such as Emirates and Southwest.It offers better prospects of success than doing linehaul for the likes of Amazon, he noted. However, airlines have to make strategic investments and ensure they have the necessary processes in place, he warned.last_img read more

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What we know: Two murdered in Englewood home invasion

first_imgAdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Two men arrested for stealing construction equipment form site in Estero June 17, 2021 AdvertisementTags: Charlotte CountycrimeEnglewood ENGLEWOOD, Fla. – Just before 6 a.m. Monday morning, someone inside an Englewood home called 911 saying two people were dead.Investigators rushed to 7129 Turner Street and found the two had been murdered in what appeared to be a home invasion.Charlotte County detectives believe the crime was targeted and not random.A woman named Patricia Estarita was either at the home during the murder or at the home right after the murder. She was later booked into the Charlotte County jail on a warrant out of Broward County. Security camera captures moment 2 Charlotte County burglars realized they were on tape June 16, 2021 Investigators have not confirmed any details about the two people who were killed or anything about the killer. In a release Tuesday, detectives said this is a very active case and releasing too much information could be detrimental to the case. RELATEDTOPICS AdvertisementThe warrant stemmed from a 2011 arrest for possession of THC.Court documents state a deputy “responded to 7129 Turner Street in reference to a murder investigation. Hispanic female was on scene who was identified as Patricia Estarita was ran through central communications for wants and warrants.” That 2011 warrant was flagged and she was brought to jail.The Charlotte County Sheriff’s Office said while Estarita was at the scene of the crime, she is not a suspect in the murders. It’s unclear why she was at the home and if she was potentially a third victim of the home invasion or randomly found the two people, possibly friends or family, dead. Englewood mother joins teenage son behind bars for involvement in accidental shooting June 16, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments One arrested, two on the run in blundered Charlotte County burglary June 16, 2021 Advertisement Advertisementlast_img read more

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Your guide to Laois’s Round 4 Allianz Football League clash in Mullingar v Westmeath

first_img Community Pinterest Pinterest New Arles road opens but disquiet over who was invited to official opening Twitter By Alan Hartnett – 24th February 2019 Your guide to Laois’s Round 4 Allianz Football League clash in Mullingar v Westmeath Laois take on Westmeath in Round 4 of their Allianz Football League Division 3 campaign this afternoon.Here we guide you through what you need to know:When, where, what time?The game throws in at 2.30pm in Cusack Park, Westmeath.Team newsLaois senior football manager John Sugrue named his team to face Westmeath on Friday night.Following on from the win over Sligo two weeks ago, manager Sugrue has made two changes to the starting team.Timahoe’s Damien O’Connor comes in for Graiguecullen’s Danny O’Reilly on the half forward line.While The Heath’s Denis Booth is also in for his first appearance of the year at full back in place of Shane Nerney.That means that Kevin Meaney keeps his place in midfield ahead of Kieran Lillis who has just returned from suspension.LAOIS: Graham Brody; David Seale, Denis Booth, Gareth Dillon; Marty Scully, Stephen Attride, Colm Begley; John O’Loughlin, Kevin Meaney; Damien O’Connor, Donie Kingston, Conor Boyle; Paul Cahillane, Evan O’Carroll, Mark BarryWestmeath manager Jack Cooney has also named his starting team for the game.It shows seven changes from the side that played Laois in the quarter final of the Leinster championship last summer.WESTMEATH: Eoin Carberry; Killian Daly, Ronan Wallace, Boidu Sayeh; David Lynch, Frank Boyle, James Dolan; Sam Duncan, Denis Corroon; Ger Egan, Callum McCormack, Jamie Gonoud; Luke Loughlin, Kieran Martin, Ronan O’TooleWhat have Westmeath been like in the last couple of seasons?Westmeath have been on something of a tour of the National Football League in the last five years.Back in 2014, they were in Division 1 but they lost all seven games and were relegated.That sent them on a tail spin where they suffered three more relegations and ended up in Division 4 in 2017 which they won.They finished third in Division 3 last year.What’s Laois’s recent history like against Westmeath?Laois met Westmeath three times last year. They played home and away in the O’Byrne Cup with Westmeath winning both games.The sides met again in the quarter final of the Leinster championship where Paul Kingston scored a hat-trick as Laois recorded a brilliant win on the way to the Leinster final.Who’s the referee?Sean Hurson from Tyrone is the man in the middle.What other Division 3 games are on this weekend?There are three other Division 3 games set to take place on the day.Leaders Longford host Down at 2pm, bottom side Sligo travel to Louth at 2.30pm while Offaly face Carlow at 3pm.What are the odds?Laois are the bookies favourites at 8/11 while Westmeath are 11/8. The draw is 15/2.How much is it to get in?Adults are €10 while U-16s go free. Students/OAPs are €5Is there a curtain raiser?There is. The Westmeath hurlers face Meath in Division 2A of the hurling league at 12.30pmSEE ALSO – Arles-Killeen and St Joseph’s advance to Kelly Cup final Council Facebook Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Laois secondary school announces scholarship winners for new academic year WhatsApp Twitter WhatsApp Previous articleHeartbreak for Portlaoise boxer Cekiso at National FinalNext articleDeaths in Laois – Sunday, February 24, 2019 Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Community Facebook RELATED ARTICLESMORE FROM AUTHOR Home Sport GAA Your guide to Laois’s Round 4 Allianz Football League clash in Mullingar… SportGAAGaelic Football TAGSAllianz Football League Division 3Laois v Westmeath last_img read more

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Scotiabank cuts outlook for Canadian GDP growth

first_img OECD raises outlook for Canadian economic growth this year Canada’s economy has lost considerable momentum in response to the persistent weakness in exports and business investment The Canadian economy has “lost considerable momentum” due to persistent weakness in exports and business investment, according to the latest update to Scotia’s global forecast report. Related news James Langton Stagflation is U.S. economists’ biggest fear, SIFMA says “The fallout from the energy sector, aggravated by the renewed slump in crude oil prices, is still taking a toll on the producing provinces — primarily Alberta, Saskatchewan, and Newfoundland & Labrador — though most regions are being affected by the weakness in energy-related demand for manufactured goods and business services,” the Scotia report says. Although these factors are expected to continue to weigh on economic performance in 2015, this current weakness is expected to eventually be followed by a “gradual rebound, with non-energy exports piggybacking upon the improving conditions south of the border,” says the Scotia report, adding that weakness in the loonie should also give exports a boost. “Looking ahead, we continue to expect improving U.S. demand combined with a lower-valued Canadian dollar will support stronger exports and industrial activity, lifting output growth next year to 2.0%,” the Scotia report says. Scotia’s forecast for U.S. GDP growth is unchanged at 2.3% in 2015, and 2.8% in 2016. “The U.S. economy is showing signs of improving momentum after a weak start to the year, led by consumer and housing activity,” the Scotia report says. “Solid job growth, rising income gains, low gas prices and pent-up demand should sustain the pick-up in household demand into next year, while stronger sales are expected to give a lift to business investment.” However, for Canada, the effects of soft commodity prices and weaker output growth “are expected to increase the challenge of retaining federal surpluses in fiscal 2015-2016 and 2016-2017,” the Scotia report concludes.center_img Economy lost 68,000 jobs in May Share this article and your comments with peers on social media Keywords Economic forecasts Facebook LinkedIn Twitterlast_img read more

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