Quiet market belies rise of the small deal

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UK pensions infrastructure fund marks milestone on solar investment

first_imgA collective programme for UK pension funds to invest in infrastructure has reached a milestone as its second investment proposition received £131m (€182m) in commitments after its first round of raising.The Pensions Infrastructure Platform (PIP), organised and hosted by the National Association of Pension Funds (NAPF), has now raised more than £600m from pension schemes for UK infrastructure projects.The platform’s addition of a solar investment was announced in February, managed by Aviva Investors, which joins Dalmore Capital as the PIP’s external managers.Investors in the Aviva fund include the £15.5bn Strathclyde Pension Fund, which announced a commitment of £20m in a meeting last month, alongside other Local Government Pension Schemes (LGPS) and private sector defined benefit schemes. The fund is said to provide inflation-linked cashflows by investing in small-scale solar panel installations in the UK, and will provide a quarterly income to investors.Mike Weston, the PIP’s chief executive, said raising £131m in four months demonstrated the appetite for core infrastructure assets from UK pension funds.“It is also further evidence of the progress PIP is making in delivering a range of infrastructure investment opportunities tailored to the specific needs of UK pension schemes,” he added.The PIP was set up by the NAPF on a ‘for pension funds, by pension funds’ basis and began investing in public/private partnership (PPP) equity last year via Dalmore Capital.It operates on a not-for-profit basis and currently uses two external managers to invest pension fund capital into UK infrastructure projects.Dalmore has more than £500m in commitments in its PPP Equity PIP fund, from more than 10 UK pension funds brought in via the NAPF’s work.The new Aviva fund will soft close at the current level but continue raising up to £250m until the autumn.Matthew Graham, a business development director at Aviva Investors, said: “Since it was announced, this fund has attracted strong investor interest. “The proposition in infrastructure has been designed to respond to client needs, offering long-term, secure, inflation-linked income that can provide attractive risk-adjusted returns.”The PIP, which retains its capital target of £2bn, is currently working towards being authorised the UK’s Financial Conduct Authority (FCA) to build up an internal asset management team.The PIP is also set to launch a multi-strategy infrastructure investment fund, which has been already developed by the organisation and will be launched once FCA authorisation is given.Speaking in February, Weston said he expected the PIP to hold a mixture of direct and indirect investments over the long term – using the two external funds as a starting point.last_img read more

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Mayweather sets special meet the fans day for Blackpool

first_img Loading… FacebookTwitterWhatsAppEmail分享 Mayweather is often associated with luxurious cars and hotels and flapping wads of cash, so this news has unsurprisingly come as a shock to most. One person wrote on Twitter: ‘Who told Floyd Blackpool is similar to Vegas?’ Another added: ‘I can’t for the life of me believe that Floyd Mayweather is going to Blackpool, seriously?’ While one Twitter user wrote: ‘I see you are coming to Blackpool, you do realise they say it’s the Vegas of the north… can’t wait until you realise it’s not.’ Rea AlsoFormer porn star Mary Carey seals celebrity boxing deal The 42-year-old will also be stopping off in Derby, Essex, London, Cardiff, Glasgow, Sheffield and Newcastle on his tour. Floyd Mayweather, the boxer who has become synonymous for ostentatious displays of wealth over the years, will ‘hold a meet-and-greet with fans at a budget £38-a-night-hotel’ in Blackpool in March. The retired fighter – nicknamed ‘Money’ in a nod to how many millions he has earned over his career – is swapping the brights lights of Las Vegas for Blackpool later this year on his Legendary Icon Tour. The Sun report that Mayweather has chosen to stage the March 1st event at the low-budget three-star Grand Hotel, owned by Britannia – which has consistently been voted the UK’s worst hotel chain. The legendary boxer, who it is estimated is worth between $700m-$1billion, will charge fans £150 for a photo at the nofrills hotel when he rocks up in two months’ time. Floyd Mayweather’s legendary tour calendar for 2020 For those attending with deeper pockets, VIP Platinum tables are available but will set back guests an eye-watering £2,500 while a VIP Gold table for 12 costs £1,800, according to The Sun.Advertisement Promoted Content2020 Tattoo Trends: Here’s What You’ll See This Year8 Superfoods For Growing Hair Back And Stimulating Its GrowthThese TV Characters Left The Show And It Just Got BetterBest & Worst Celebrity Endorsed Games Ever Made14 Hilarious Comics Made By Women You Need To Follow Right Now11 Most Immersive Game To Play On Your Table Top9 Best Movie Robots Of All Time9 Facts You Should Know Before Getting A TattooThese Are The Best Stargazing Locations You Can Find On EarthWhich Country Is The Most Romantic In The World?14 Hilarious Comics Made By Women You Need To Follow Right Now6 Incredibly Strange Facts About Hurricaneslast_img read more

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Man stabs co-worker to death

first_imgThe suspect was arrested and nowdetained in the lockup cell of the Barotac Viejo police station, facingcharges./PN Pamplona’s co-worker John Dela Peña, 26,of Barangay Palasyawan, Barotac Nuevo, Iloilo was tagged suspect. According to police investigation, Pamplonaand Dela Peña were having a drinking spree when a heated argument ensuedbetween them around 10:30 p.m. on Jan. 20. This prompted Dela Peña to stab Pamplonausing a bladed weapon, police said. But it was not immediately established whattriggered the altercation.   Ricky Pamplona of Barangay Rumbang,Pototan, Iloilo succumbed to multiple stab wounds on the body, police said.center_img ILOILO City – A drinking spree in BarangayPoblacion, Barotac Viejo, Iloilo led to the fatal stabbing of a 52-year-oldman. Police recovered this knife used in the stabbing (left) by suspect 26-year-old John Dela Peña of Barangay Palasyawan, Barotac Nuevo, Iloilo. BAROTAC VIEJO POLICE STATIONlast_img read more

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William Theodore Van Hook, age 84

first_imgWilliam Theodore Van Hook, age 84 of Batesville, IN passed away Sunday, August 14, 2016 at Margaret Mary Health in Batesville. Born July 27, 1932 in West Terra Haute, IN he was the son of the late Eugene & Pauline (Dierdorf) Van Hook.William retired from Schirk’s International in Greensburg, IN but was fleet maintenance director for Batesville Casket Co. for over 20 years. He was a member of the Ripley County Community Foundation, Social Lodge 86 F&AM Terra Haute, IN and Scottish Rite Valley of Terra Haute.  He served his county in the US Army at the end of Korea.  William married Marilyn M. Cook on September 1, 1956.William is survived by his son Robert Van Hook of Napoleon, IN and several cousins. In addition to his parents, he was preceded in death by his wife Marilyn M. Van Hook in 2007, his daughter Daryl Lea Van Hook and his brothers Lawrence Van Hook and Robert E. Van Hook who died in Korea 1952.Visitation will be Wednesday, August 17, 2016 from 5-7pm with Masonic Services at 7pm at Meyers Funeral Home, Batesville, IN. Services will be Thursday, August 18, 2016 at 11:00am at Meyers Funeral Home with Rev. Charles Flory officiating.  Burial will follow services in the Methodist Cemetery.Memorials are suggested to Ripley Co. Community Foundation Van for Veterans c/o Meyers Funeral Home, P.O. Box 202, Batesville, IN 47006.  Online condolences at www.meyersfuneralhomes.comlast_img read more

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Five IMCA divisions on Saturday card for Jackson Nationals

first_imgJACKSON, Minn. – A full Saturday of racing sees five IMCA divisions take their turn on the track at the Jackson Motorplex IMCA Nationals Doug Cellan Memorial.Gates open at 9 a.m. and hot laps begin at 1 p.m. Sept. 24 at Jackson. Complete shows for Mach-1 Sport Compacts and IMCA Sunoco Hobby Stocks precede qualifying for Karl Chevrolet Northern SportMods and IMCA Sunoco Stock Cars.The track will be reworked at approximately 5 p.m. and hot laps are at 7 p.m., followed by Northern SportMod and Stock Car features, then a complete show for Xtreme Motor Sports IMCA Modifieds.Modifieds, Stock Cars and Northern SportMods all race for top prizes of $2,000. The Hobby Stock feature pays $1,600 to win and the Sport Compact feature $750.IMCA Speedway Motors Weekly Racing National, regional and Allstar Performance State, but no local track points will be awarded. Sprint Cars will also be competing.Transponders and RACEceivers are required; transponders will be available to rent at the track.Entry fee in all divisions is now $30. Pit passes are also $30 and can be purchased beginning Friday night during Driver Appreciation.Grandstand admission is $20 for adults, $12 for students ages 13-18 and $5 for kids ages 12 and under.More information is available at the www.jacksonmotorplex.com website.last_img read more

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Cardinals Track Results

first_imgSt. Louis Track & Field returned to South Ripley for a 4-way meet with Shawe and Jac-Cen-Del on May 1. The weather was ominous, and rain poured down on the team as they departed for the meet. However, it was still dry in Versailles, so the meet went on. It would not last, as the ongoing threat of rain and local lightning halted the events before completion.St Louis did earn some ribbons and personal records before the lightning came. (Overall points and team rankings were not tallied for the weather-shortened competition.)2nd place finish for the Cardinals went to:Allie Savage – 100M dash4th place was earned by:Santiago Schutte – 1600M run, Long JumpElla Moster – Hurdles, 100M dash5th place was claimed by:Marco Canessa – 1600M runIsabelle Wonnell – High JumpSadie Wachsmann – ShotputNew PR’s were as follows:100M dash – Hope Kroen, Abbey Wuestefeld, Santiago SchutteLong Jump – Santiago Schutte, Henry Wanstrathlast_img read more

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SEIREMC Operation Roundup Program Awards over $63K

first_imgOsgood, IN—Operation Roundup awarded $63,551 to 33 recipients from seven counties within REMC’s service area. The nine-member Operation Roundup Board of Trustees met January 14, 2020, and determined that these 33 grant applications met all the requirements. The grant money is made possible through the generosity of the REMC membership by “rounding up” their monthly electric bill to the nearest dollar amount.  The next opportunity to receive an Operation Roundup grant is scheduled for July 2020.  Applications will be accepted in the month of June 2020. They held an awards ceremony on Tuesday for the recipients. To find out more about the Operation Roundup program, grant applications and guidelines, visit www.seiremc.comlast_img

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Paysafe governance confident of outperforming 2016 revenue & earnings guidance

first_img Revenues down 11% but product depth helps GVC through lockdown July 16, 2020 Share Related Articles Submit Issuing an ‘unaudited’ full-year trading update, FTSE 250 listed payment provider Paysafe Group stated that combined momentum of its enlarged group would see the firm exceed $1 billion in corporate revenues. Updating investors, Paysafe governance stated that a strong second half to FY 2016 would see the company report top-line metric guidance towards the upper end of its corporate guidance.Closing its 2016, Paysafe governance further detailed that it expects FY 2016 adjusted EBITDA to hit the $300 million mark. Paysafe governance noted that its strong 2016 performance, had been driven by the effective integration of new acquired company assets, combined with the firm’s existing payments portfolio making Paysafe the outright leader in payments for the online gambling sector.In addition to growth in adjusted EBITDA, the board said it continued to demonstrate strong cash conversion, enabling it to capitalise on market conditions with an inaugural share buy-back programme announced in December, without compromising the pursuit of bold mergers and acquisitions opportunities.Commenting on the trading update, Paysafe CEO Joel Leonoff was pleased with 2016 performance, stating “Our ongoing momentum underpins our confidence in our growth prospects for 2017. We have delivered another excellent financial performance and expect to surpass $1bn in revenue, an impressive milestone of which we are extremely proud,” Playtech offloads casual games subsidiaries  July 16, 2020 GVC hires ‘comms pro’ Tessa Curtis to re-energise media profile  August 25, 2020 StumbleUpon Sharelast_img read more

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John Kelly rejoins Gala Leisure to lead big bingo changes

first_img GVC hires ‘comms pro’ Tessa Curtis to re-energise media profile  August 25, 2020 StumbleUpon UK bingo hall operator, Gala Leisure has turned to an old hand in John Kelly to serve as non-Executive ChairmanKelly the founder of Gala Coral’s bingo and betting enterprise has most recently served as Chairman of Ladbrokes Coral Plc, prior to its 2018 takeover by GVC Holdings.A UK leisure and gambling figurehead, Kelly will be a key stakeholder in driving the upcoming re-launch and restructure of Gala Bingo.According to the Daily Telegraph, Gala Leisure is set to implement a £40 million overhaul across its + 120 UK bingo estates.Furthermore, the legacy UK bingo operator is set to undertake a full rebrand to ‘Buzz Bingo’, across both its land-based and digital properties.Implementing Buzz Bingo’s new corporate vision, Kelly will be further supported by Chris Matthews new CEO of Gala Leisure, who joined the operator in September 2017 from UK sports retailer Go Outdoors Ltd.It is believed that Gala Leisure’s principal investors have pushed for a corporate rebrand, with a view of disassociating the firm’s Gala Bingo estates with Ladbrokes Coral properties.Updating investors, Chris Matthews commented on the upcoming changes: “Our unique relationship with customers will always be considered at the core of our offer. There is a sense of nostalgia for a game of bingo and a sense of fun and community spirit that goes hand in hand.“It’s that feeling we want to bring to a wider audience through the launch of Buzz Bingo. Submit GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 Related Articles Share Share SportCaller teams up with Coral for Racing Super Series launch August 12, 2020last_img read more

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