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…in brief

first_img Previous Article Next Article Net help for Railtrack Railtrack is using Internet technology to help improve track safety with anew pilot scheme. Service provider Netengines has provided the technology tohelp manage and monitor the accreditation and deployment of track workers. Thetechnology will enable Railtrack to ensure that all staff conducting essentialtrack-side services have the required safety and competency qualifications.Railtrack employs thousands of people, many are subsidiary contractors, and thenew system will give managers information on accreditation, working hours anddeployment.  www.netengines.comWork-life advice Increased demand for the Work-Life Balance Standard from employers has meanttraining for consultants and advisers will now be delivered exclusively by HRconsultants Penna Change. The standard was developed and launched by theWork-Life Balance Consultancy in October last year and complements theInvestors in People Standard. WLBC and Penna are just two of the 24organisations approved by the Government to help employers who have receivedgrants from its challenge fund set up to promote work-life polices. CBI calls for rethink The CBI has said that yesterday’s increase in the minimum wage will bedifficult for small firms to absorb. The minimum wage increased from £3.70 to £4.10 an hour and the rate forthose aged 18 to 21 and those who work as part of an accredited training schemehas risen from £3.20 to £3.50. A spokesman for the TUC welcomed the increase but called for workers aged between18 and 21 to get the adult rate. Pay gap anomaly Women are promoted more often than men but receive smaller pay increaseswhen it happens, claims research by the Economic and Social Research Council.On average a man being promoted will receive a wage rise of 4.7 per cent,compared to only 1.3 per cent for women. The report suggests that men getbigger salary hikes than women as employers are more likely to match theirwages to outside job offers. This week’s news in briefA million take up ILAs New research from the Learning and Skills Development Agency (LSDA) revealsthat Individual Learning Accounts (ILAs) have been taken up by over a millionadults and are being successfully used to attract new learners. However, thestudy also shows that the majority of take-up is by people already involved inthe learning framework who are receptive to training. ILAs are still notreaching disadvantaged learners and the LSDA recommends a more strategic andproactive approach to ILAs.  www.LSagency.org.uk Related posts:No related photos.center_img Comments are closed. …in briefOn 2 Oct 2001 in Personnel Todaylast_img read more

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Arrest Made In Months Old Church Break-In

first_imgShare:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) Image by Koinonia Christian Fellowship, Facebook.KIANTONE— Chautauqua County Sheriff’s Deputies have charged a Jamestown man with a November burglary of a local church.Images by Ron Lemon, Facebook.Deputies charged Johnny Ray Hallowell, 24, of Allen Street, with third-degree burglary, fourth-degree grand larceny and fourth-degree criminal mischief following an investigation into the September burglary at Koinonia Christian Fellowship Church in Kiantone.The church office was broken into and various items, including laptop computers were stolen.Hallowell is scheduled to be in court at a later date. last_img read more

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Two People Injured In Hanover Crash

first_imgWNY News Now Stock Image.HANOVER — The Chautauqua County Sheriff’s Office says charges are pending after two people were injured in a car crash Wednesday evening a in the Town of Hanover.Deputies responded to a crash on Alleghany Road at about 9:30 p.m.They say two people were transported to Brooks Memorial Hospital for treatment of their injuries.Railroad traffic in the area was halted for some time, deputies said. The Sheriff’s Office was assisted by several volunteer fire departments, New York State Police, Border Patrol.The investigation is continuing. Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)last_img read more

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Sheffield Wednesday: Phil Neville on the list of candidates to be next manager | Football News

first_imgPaul Cook, Manager of Wigan Athletic reacts following the Sky Bet Championship match between Barnsley and Wigan Athletic at Oakwell Stadium on July 11, 2020 in Barnsley, England. Football Stadiums around Europe remain empty due to the Coronavirus Pandemic as Government social distancing laws prohibit fans inside venues resulting in all fixtures being played behind closed doorsImage:Paul Cook is one of the favourites to take over at Hillsborough Sheffield Wednesday manager Garry Monk Image:Garry Monk was sacked after just three wins from their opening 11 games of the season 1:56 preview image In April, Neville announced he would not be renewing his contract with the FA when it expires in July next year and is known to be considering a move into club football. The Owls finished 16th last season and had just climbed off the bottom of the table last weekend after a points deduction for breaking EFL rules was halved from 12 points to six on appeal. If he were to become Wednesday’s next managerial recruit, Neville would be expected to forego his role as manager of Great Britain’s women at the Tokyo Olympics next year.Former Wigan boss Paul Cook is one of the bookies early favourites alongside Tony Pulis.- Advertisement – A run of four straight league defeats was ended with last week’s 1-0 win against Bournemouth but Saturday’s goalless draw with Millwall at Hillsborough left them 23rd in the table. England Women manager Phil Neville is on a list of potential candidates to replace Garry Monk at Sheffield Wednesday.Monk’s sacking was exclusively revealed by Sky Sports News on Monday night with the Championship club languishing in 23rd spot in the table.- Advertisement – Ex-Leicester and Watford manager Nigel Pearson, a former Wednesday defender, has also been linked with a return to Hillsborough. Highlights of the Sky Bet Championship match between Sheffield Wed and Millwall. However, Pearson has previously suggested he would not want to manage in the city where his family home is.The former Swansea and Leeds boss had been in charge of the Championship outfit for just over a year.- Advertisement – – Advertisement –last_img read more

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Wellcome sees 15% return boosted by in-house capacity

first_imgThe Wellcome Trust, the UK’s biggest charity, returned 15.4% on its investment assets for the year to 30 September 2014, boosted partially by its in-house team.The return was £2.5bn (€3.1bn) on an investment portfolio value of £16.4bn at the start of the year, with investment assets now worth £18bn, after cash payments to fund medical research, the Trust’s main activity.Danny Truell, the trust’s chief investment officer said: “Our internal investment team and external investment partners have again added significant value across the board, enabling us to perform better than global stock markets with considerably lower volatility.“Prospective investment returns are now lower, but, with strength in breadth and depth across our investment team and the businesses and partnerships in which we invest, I am confident that we can continue to reinforce the Trust’s robust financial position.”  The trust has returned an average 10.2% per year over the past ten years, and 10.4% per year for the six years since the start of the global financial crisis in September 2008.All major elements of its portfolio – public equities, hedge funds, buyout funds, venture capital and property – made double-digit returns for the year to 30 September, and have made positive returns over one, three, five and 10 years.Nearly half – 49.4% – of the trust’s assets are invested in public equities, with 25.8% in private equity, 11.1% in hedge funds, 10.3% in property and the rest in cash and bonds.The trust does not invest in companies deriving a material turnover or profit from tobacco or tobacco-related products.In their annual report, the trustees said: “A key common feature across the portfolio was the stronger performance from our directly-managed assets compared with those outsourced to external managers.”The proportion of assets managed directly, excluding overlays, rose by 6 percentage points to 42%, up from 26% four years ago. The trust expects it to reach 50% by 2016.The report said that while there were areas where the trust was content to pay higher fees to external managers in order to access superior net returns, managing assets directly has several advantages.The approach allowed the trust to express long-term views on parameters such as the US dollar or technology by using an integrated combination of its very stable and liquid equity Mega-Cap Basket (MCB), plus a number of overlays including the new commodity overlay, which were al liquid enough to cover billions of dollars of notional exposure.The trust said the function could simply not be outsourced.Furthermore, almost 60% of the trust’s public equity exposure was in directly-held equities, principally the 31 stocks in the MCB and the 12 stocks in the Optionality Basket. The average holding size of $200m (€162m) meant that individual names can impact overall returns.The report said: “Our focus is on 10-year total return targets. Hence we can focus on the evolution of long-term business models rather than short-term share prices in a way that is much harder for an external manager.”This philosophy extends to its property holdings (90% directly held). For example, in agriculture, the trust acquired the Farmcare farming business from the Co-operative Group for £249m last August to become the UK’s largest lowland arable farmer.Private equity also produced substantial gains over the year, especially from initial public offerings. Eight companies in which the trust had at least a $10m stake were listed or acquired during the year, boosting an overall cost of under $300m to a realised or unrealised value of almost $1bn.The largest monetary gain of $191m was made in Twitter, the social networker, while the trust’s stake in Alibaba, the Chinese e-commerce company, made $162m.Turning to the global outlook, Wellcome said it would retain its US bias for the present.The report said: “Having approximately 60% of our assets in US dollars has helped us considerably over recent years, as the US equity market has outperformed world markets by 25% in the past five years and its private equity and venture markets have similarly been robust.”But it was less sanguine about Europe, where it sees little immediate prospect of resolving structural problems.It said: “In many countries including the UK, France, Spain and Italy, populist politics appear to have largely derailed progress in driving public-sector supplyside reforms to restore fiscal balance through greater efficiencies. The European Central Bank monetary stimulus programme has stalled, while banks remain constrained from supplying credit.”The trust has hedged out exposure to the euro and is holding sterling exposure to just over 25%, as it considers both currencies appear vulnerable to further depreciation against the US dollar.It said: “Overall, our long-run expectations, whilst still attractive, have moderated. We are not persuaded that there will be a substantial return premium for higher risk or illiquid assets after the strong performance of the past five years.”It concluded: “We shall remain opportunistic and seek to broaden our sources of net returns using our intrinsic competitive advantages, but with a focus on preserving our real wealth.”last_img read more

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