© Brett Critchley By Gavin van Marle 18/10/2019 UK haulage and logistics operator Wincanton has confirmed it is considering a bid to buy domestic rival Eddie Stobart Logistics.Wincanton has issued a statement to the London Stock Exchange (LSE) confirming it is valuing a possible deal.It said its board was “undertaking a diligence exercise on Eddie Stobart and its assets, to assess the potential merits of a combination”.“No proposal has been made by Wincanton to Eddie Stobart as to the terms of any potential offer, and there can be no certainty that any offer will be made to Eddie Stobart shareholders,” it added.Under the terms of the LSE due diligence process, Wincanton has until 15 November to table a formal bid.However, there may be a bidding war in the making after it emerged this week that the LSE panel of takeovers and mergers had granted an extension to an alternative bid from Eddie Stobart shareholder DBAY Advisors.On 9 September, private equity house DBAY tabled an “expression of interest” in acquiring the haulier, which would have meant a deadline of 16 October for a formal bid. However, DBAY has been granted an extension to 28 October.At the same time as the extension was granted, former interested party TVFB 3, a private investment company controlled by former Stobart Group CEO Andrew Tinkler, announced “it has no intention of making an offer for the company”.According to Eddie Stobart LSE filings, there was a “highly preliminary, conditional proposal from TVFB 3 to participate in a refinancing of the company through an equity participation” on 9 October.Trading in Eddie Stobart shares was suspended in August after it discovered a multimillion-pound accounting error which led to the sacking of chief executive Alex Laffey. Head of contract logistics Sebastien Desreumaux was named as the new chief executive.
Previous ArticleVerizon eyes positive service revenue growthNext ArticleAT&T continues tower spree with CitySwitch deal Kavit Majithia AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 24 APR 2018 Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Tags Español Home Bharti Airtel stays in the black despite profit dive Related WhatsApp shrugs off India privacy update pressure WhatsApp sues India over new internet regulations Author India amenaza con actuar contra la nueva política de privacidad de WhatsApp Bharti Airtel reported a profit drop of 77.8 per cent in its fiscal Q4 2017, as the company continued to feel the effects of increased competition in India which led to an intense price war.In an earnings statement for the quarter ending 31 March 2018, Gopal Vittal, MD and CEO of India and South Asia suggested “below cost, artificially suppressed pricing” was behind the poor performance.“Industry revenues were further adversely impacted this quarter due to the reduction in international termination rates,” he added.The operator reported net income of INR830 million ($12.5 million), a sharp fall from INR3.73 billion in the same quarter year prior. Revenue dropped 10.5 per cent to INR196.34 billion from INR219.35 billion, which was attributed to the termination rate cuts.Airtel’s profit drop is its largest in 15 years, The Economic Times reported, but the operator did manage to avoid reporting a loss for the quarter as tipped by market watchers in the country earlier this month.Increased competitionThe company’s performance has been severely impacted over the last 18 months or so after a change in India’s mobile landscape instigated by the entrance of Reliance Jio.Jio launched initial services in September 2016 and amassed more than 175 million subscribers so far. Financial Times noted Airtel reported a net profit of INR26.1 billion in the same period of 2016, before Jio’s launch.In India, Airtel reported quarterly revenue of INR147.6 billion, a 13 per cent drop year-on-year, with mobile turnover dropping 20 per cent to INR103.5 billion.Despite the decline, the operator’s mobile subscriber base grew 4.9 per cent to more than 304 million, contributing to an overall customer base of more than 413 million.In Africa, Airtel reported a small drop in revenue from INR50.5 billion in fiscal Q4 2016 to INR49.7 billion in the recent period, but on a constant currency basis the figure grew 11 per cent to $791 million, up from $715 million. Its African customer base also grew 11.5 million to 89 million in total. Airtel Money customers increased to 11.5 million, from 9 million in fiscal Q4 2016. Bharti Airtel AfricaBharti Airtel IndiaBharti-Airtelfiscal Q4 earningsIndia read more
This content is for subscribers only.Subscribe Now Banks, funds, mortgage REITs, and agencies like Fannie Mae and Freddie Mac have all begun adjusting their lending approach in face of the economic downturn (Credit: iStock)While some parts of the real estate lending world have been shut down by the coronavirus pandemic, plenty of investors still need to find places to deploy their capital — but a bit more carefully.Banks, funds, mortgage real estate investment trusts, and agencies like Fannie Mae and Freddie Mac have all begun adjusting their lending approach in face of the economic downturn, according to a new capital markets report from Miami-based real estate capital advisory firm Primrose Capital.“At present there is a conundrum between investment managers’ inherent need to deploy capital, while simultaneously assessing risk and ensuring appropriate capital preservation measures are in place for its stakeholders,” the report says, noting that private real estate debt funds globally had $181 billion in assets under management as of last July.Lending remains active for multifamily and industrial assets, while office properties have seen a slight pullback. Retail lending has become almost entirely illiquid amid mass store closures, while investors see slightly more opportunity in hotels, albeit on a very selective basis. And condo lending, which was already at a standstill pre-coronavirus, is not likely to turn a corner any time soon.(Click to enlarge)Debt funds and mortgage REITs have remained active in bridge lending, and somewhat less so in construction lending, as cities across the country have halted non-essential building in response to the epidemic. Commercial banks are focusing on existing clients or experienced borrowers while reducing leverage.CMBS issuance has dried up due to lack of investor demand, and Fannie and Freddie have introduced stricter terms for new loans — while offering relief for existing borrowers.Finally, large developers in the lending space have been selectively offering bridge financing for projects with unique needs — and charging as much as a 2-percentage-point spread premium in return.Read moreCoronavirus chaos driving lenders to safer projects amid low interest ratesCMBS at a standstill as panic grips financial marketsQ4 2019: Real estate fundraising hits lowest level since 2013 read more
Freedom Church News:The community is invited to celebrate Mother’s Day online at Freedom Church Los Alamos.“We made it super easy to join Freedom online for Mother’s Day at 11 a.m. Sunday, May 10,” Pastor Mike Brake said. “Just simply go to: https://www.facebook.com/freedomla.church/live, then click ‘GET REMINDER’ (*actual post will be available Monday, May 4), share the post, and get ready for a fun and highly interactive experience for the entire family!”JOIN US THIS SUNDAY (May 3rd):11:00am – Freedom Worship Service (Facebook LIVE)https://www.facebook.com/freedomla.church/liveMOTHER’S DAY SCHEDULE:10:00am – Freedom Kids Mother’s Day Special (Facebook LIVE)11:00am – Mother’s Day at Freedom Worship Service (Facebook LIVE) WIN A FREE DINNER!: Enter in the special woman in your life to win the grand prize of a $100 gift card to your restaurant of choice! Link to enter – https://freedomla.church/mom/#PRIZEMOTHER’S DAY AT FREEDOM KIDS: Freedom Kids is providing a LIVE online Mother’s Day just for your kids! Join Mr. Seth at 10:00am on Sunday, May 10 for a fun and highly interactive experience for the entire family!NEW TO FREEDOM?Visit our website for more info: www.freedomla.church/mom Click the “Plan Your Visit” button to let us know you’ll be joining and we’ll send you a digital gift to a local Los Alamos restaurant!WHAT CAN I EXPECT?Sundays at Freedom are exciting, casual, and relaxed. Our online experience streams LIVE right here on Facebook at 11:00AM (MT). The entire Worship Experience is uplifting and highly interactive in this live format as well as a relevant, engaging message from our Pastor, Mike Brake.WE LOVE KIDS!We want kids to thrive in this season! That is why we created The Los Alamos Great Adventure for Kids streaming LIVE every weekday at 10:00am where kids participate in contests, worship, Bible lesson, games, crafts and more! Join the group and start having some fun!Come in, enjoy the relaxed atmosphere, and see if this is the church for you. read more
“Makanan stew bisa kami hidangkan dengan mendidihkan perlahan dan memanaskannya lagi dan lagi,” ujar Gross.Menurutnya, untuk nasi goreng juga merupakan makanan yang mudah dipanaskan. Meski sering dipanaskan ternyata rasa dari nasi goreng sendiri tetap konsisten dan tidak berubah meski dinikmati di ketinggian dalam pesawat.Adapun makanan yang menurut Gross menjadi pilihan buruk dalam penerbangan adalah pasta dan mie. Pasalnya untuk memasak pasta harus al dente supaya rasanya enak. Sedangkan mie jika kelembekan tidak akan enak dimakan bahkan seperti bubur.Gross sendiri bekerja dengan memproduksi lebih dari 30 ribu makanan penerbangan untuk maskapai British Airways, United Airlines dan DragonAir serta Hong Kong Sky Panels. Untuk memastikan semua makanan yang dimasak 100 persen aman dikonsumsi, Gross menolak untuk menyajikan steak dengan tingkat kematangan medium rare.Hal itu juga berlaku dengan bahan masakan ikan dan ayam yang harus di masak dengan suhu tertentu. Menurutnya, keamanan makanan lebih penting dibandingkan dengan rasa.Sebab, teknik memasak modern tidak bisa diaplikasikan saat membuat makanan di pesawat. Dia juga mengatakan, hampir semua makanan dalam pesawat bukanlah dari bahan yang segar.Baca juga: Chef Vindex Tengker, Sosok Dibalik Lezatnya Hidangan di Kabin Garuda Indonesia“Kami bukan restoran, kami tidak bisa pergi ke pasar pagi hari untuk memilih apa yang segar dan menjadikannya istimewa hari itu,” jelas Gross. Satu hal lagi, Gross menyarankan, agar penumpang pesawat menghindari minuman panas. Hal ini dikarenakan dispenser air panas pesawat mungkin jarang dibersihkan. Dia menyarankan jika penumpang ingin benar-benar aman, agar tidak makan makanan pesawat.“Semua beresiko dari saat pesawat lepas landas,” tutur Gross.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Like this:Like Loading… RelatedSelera Makan Berubah Dalam Penerbangan? Inilah Sebabnya03/04/2017In “Domestik”Inilah 11 Anggapan yang Keliru Seputar Makanan di Pesawat21/09/2019In “Featured”Sajian Makanan di Pesawat Wajib Ekstra Bumbu, Inilah Alasannya!01/08/2017In “Domestik” Menu nasi goreng dalam pesawat Sajian makanan di dalam pesawat biasanya terasa kurang sedap, hal ini karena adanya perubahan kelembaban dan tekanan udara di dalam kabin pesawat. Faktanya berada di ketinggian akan membuat tekanan udara dan kelembaban akan semakin menurun. Penggabungan kondisi kering dan tekanan rendah inilah yang membuat sensitivitas indera pengecap baik itu manis atau asin menurun 30 persen.Baca juga: Sajian Makanan di Pesawat Wajib Ekstra Bumbu, Inilah Alasannya!KabarPenumpang.com merangkum dari laman travel.cnn.com, bahwa seorang pakar kuliner telah mengungkap ada dua jenis makanan yang paling baik untuk dinikmati dalam penerbangan. Direktur Kuliner di LSG Sky Chefs Asia Pacific Fritz Gross mengatakan, pilihan makanan terbaik adalah nasi goreng atau masakan daging dan sayuran yang di stew atau dipotong kecil serta dimasak dengan api kecil. read more