DEBATE: Can M&S turn its fortunes around with Ocado?

first_img At the same time, the UK’s online grocery market is forecast to grow 60 per cent to nearly £20bn by 2023.  DEBATE: Will the M&S venture with Ocado turn around its fortunes? whatsapp Tags: Marks & Spencer Group Ocado Group Of course, both companies will have to win over the sceptics, but if they get things right there is every possibility that M&S’s new online shopping presence can offset the poor performance of its failing clothing and home division. Share M&S increasingly looks like a grocer that also does clothing, with 60 per cent of revenues now coming from food. So, the Ocado tie-up is central to the turnaround strategy.  Will Marks & Spencer’s joint venture with Ocado turn around the struggling retailer’s fortunes? In fact, food is so important to M&S that it now accounts for 58 per cent of group revenue – nearly double the amount that its clothing and home division makes. The joint venture with Ocado – which has the best technology in the business – not only does just that, it will also allow M&S to cut costs and bolster its finances in the long run.   YES, says Adam Vettese, investment analyst at multi-asset investment platform eToro Therefore, M&S’s foray into the world of online groceries is of vital importance if it is to cement and grow its place in the market. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. NO, says Neil Wilson, chief market analyst at Markets.com M&S basket sizes are tiny at about £14, versus the £108 at Ocado, making online uneconomic. The joint venture will of course see this figure rise, but M&S seems to be banking on consumers changing their habits, by making M&S the place for their big weekly shop rather than for the occasional top-up or getting a prawn sandwich on the go. This seems hard to imagine in value-conscious Britain where discounters are on the march.  whatsapp But at about £800m it’s an expensive entry into a sector – online groceries – that doesn’t make any money for the major supermarkets. Goldman Sachs reckons that it will only deliver £10m a year in free cash flow by 2024. And as Waitrose goods are switched out for M&S products, customer loyalty on the Ocado platform will be tested, particularly as the John Lewis grocer expands its £1bn online operation. Adam VetteseAdam Vettese is an investment analyst at multi-asset investment platform eToro. and Neil WilsonNeil Wilson is chief market analyst at Markets.com. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Main image credit: Getty Opinion When you think of Marks & Spencer, you think of food. And not just any food, but top-quality food. Thursday 7 November 2019 7:13 amlast_img read more

All the latest GAA, LGFA and Camogie fixtures as championship begins

first_img News Twitter Home Sport GAA All the latest GAA, LGFA and Camogie fixtures as championship begins SportGAA Twitter Pinterest Pinterest Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role RELATED ARTICLESMORE FROM AUTHOR By Alan Hartnett – 28th July 2020 Electric Picnic Facebook WhatsApp WhatsApp Electric Picnic organisers release statement following confirmation of new festival date Electric Picnic Facebook Previous articleDeaths in Laois – Tuesday, July 28, 2020Next articleIn Pictures: Junior Minister Fleming welcomes new Supermacs at Portlaoise Plaza 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. All the latest GAA, LGFA and Camogie fixtures as championship begins Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival TAGSLaois GAA Fixtures All of this weeks Fixtures TUESDAY JULY 28Laois Shopping Centre Intermediate Hurling Championship Group B Round 1Ballypickas V Trumera in Ballypickas 7.30pmMidlands Park Hotel U15 “B” Football Competition Group B Round 1Killeshin V Stradbally Parish Gaels 7pmWEDNESDAY JULY 29All Games 7.45pm unless statedLadies Senior Football Championship Round 2 St. Brigids v St. ConlethsTimahoe v St. PaulsPortlaoise v SarsfieldsLadies Intermediate Football Championship Round 2St. Joseph’s v ShanahoeBallyroan v Clonaslee/St.Manman’sLadies Junior Football Championship Round 2Killeshin v St. Conleths 2Ballyfin v The HeathGraiguecullen v Portlaoise 2Midlands Park Hotel U15 Football Championship Round 1St Pauls V Stradbally Parish Gaels 7pmPortlaoise V St Joseph’s 7pmBallylinan V Portarlington 6.45pmMidlands Park Hotel U15 “B” Football Competition Group A Round 1Kilcavan The Rock V Ballyroan Abbey 7pmCamross V The Heath 7pmMidlands Park Hotel U15 “B” Football Competition Group B Round 1Castletown V Na Fianna Og 7pmMidlands Park Hotel U15 “B” Football Competition Group C Round 1Mountmellick Gaels V Park Ratheniska Spink 7pmMidlands Park Hotel U15 “B” Football Competition Group D Round 1O’Dempseys V The Harps 7pmBallyfin Gaels V Rosenallis 6.30pmTHURSDAY JULY 30Laois Shopping Centre Senior Hurling Championship Group B Round 1Borris In Ossory/Kilcotton V Camross 7.30pm in MW Hire O’Moore ParkLaois Shopping Centre Premier Intermediate Hurling Championship Group A Round 1Portlaoise V Ballyfin in Mountrath at 7.30pmFRIDAY JULY 31Laois Shopping Centre Senior Hurling Championship Group A Round 1Rathdowney Errill V Clough-Ballacolla in MW Hire O’Moore Park 7.30pmLaois Shopping Centre Premier Intermediate Hurling Championship Group B Round 1Camross V The Harps in Colt at 7.30pmLaois Shopping Centre Intermediate Hurling Championship Group A Round 1Park Ratheniska-Timahoe V Mountmellick in Ratheniska at 7.30pmSATURDAY AUGUST 1Intermediate Camogie Championship Round 2The Harps v St Brigid’sO’Moore’s v CamrossLaois Shopping Centre Senior Hurling Championship Group B Round 1Rosenallis V Ballinakill in MW Hire O’Moore Park at 5pmLaois Shopping Centre Senior Hurling Championship Group A Round 1Abbeyleix St Lazarians V Castletown in MW Hire O’Moore Park at 7.30pmLaois Shopping Centre Intermediate Hurling Championship Group A Round 1Borris In Ossory/Kilcotton V Clough-Ballacolla 7pm in KilcottonLaois Shopping Centre Intermediate Hurling Championship Group B Round 1Rathdowney Errill V Clonad 7pm in ErrillLaois Shopping Centre Junior B Hurling Championship Group A Round 1The Harps V Park Ratheniska-Timahoe 7pmLaois Shopping Centre Junior B Hurling Championship Group B Round 1Portlaoise V Mountmellick 7pmLaois Shopping Centre Junior C Hurling Championship Preliminary Round (“Winner on the Day” if Necessary) Ballyfin V Colt Shanahoe 7pmMidlands Park Hotel U13 “B” Football Competition Round 1Graiguecullen V The Heath 12pmSUNDAY AUGUST 2Laois Shopping Centre Premier Intermediate Hurling Championship Group B Round 1Clonaslee St Manmans V St Fintan’s Mountrath in MW Hire O’Moore Park at 1pmLaois Shopping Centre Premier Intermediate Hurling Championship Group A Round 1Colt Shanahoe V Slieve Bloom in MW Hire O’Moore Park at 3.30pmLaois Shopping Centre Junior Hurling Championship Group A Round 1Rathdowney Errill V Abbeyleix St Lazarians in Errill 6pmLaois Shopping Centre Junior B Hurling Championship Group A Round 1Kyle V Camross 12pmLaois Shopping Centre Junior C Hurling Championship Preliminary Round (“Winner on the Day” if Necessary)Trumera V Clough-Ballacolla 6pmJunior Camogie Championship Round 2 Group 1Portlaoise v Naomh EamannCamross v AbbeyleixGroup 2Clough-Ballacolla v The HarpsO’Moore’s v St Brigid’sMidlands Park Hotel U15 “B” Football Competition Group B Round 3Killeshin V Castletown 12pmMONDAY AUGUST 3All Games 2pm unless statedLaois Shopping Centre Junior Hurling Championship Group A Round 1Colt Shanahoe V The HarpsLaois Shopping Centre Junior Hurling Championship Group B Round 1Castletown V Borris In Ossory/KilcottonPortlaoise V St Fintan’s MountrathLaois Shopping Centre Junior B Hurling Championship Group B Round 1Ballinakill V Rathdowney ErrillLaois Shopping Centre Junior C Hurling Championship Preliminary Round (“Winner on the Day” if Necessary)Clonaslee St Manmans V Abbeyleix St LazariansSEE ALSO – Laois men appointed to key roles in An Post and Bank of Irelandlast_img read more

Photo shows forced work mobilization of residents in Hyesan

first_imgNewsEconomy Photo shows forced work mobilization of residents in Hyesan A source inside North Korea has sent a photo of local residents mobilized to work on a road and rail construction project in Hyesan, Ryanggang Province, in early January. The mobilization appears to be part of a wider New Year’s effort by authorities to increase the number of transport construction projects. North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) Daily NK has received reports that complaints are on the rise among residents due to the latest forced mobilization. Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR News AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] The photograph above shows a white van and approximately 50 residents working on the railroad tracks.  SHARE Another source in China who spoke to Daily NK on January 11 said, “It was so cold outside, and it’s such a shame that dozens of people were forced to work in those conditions for the entire day.” Mobilized workers are shown along railway tracks in Hyesan, Ryanggang Province.Image: Daily NK source News US dollar and Chinese reminbi plummet against North Korean won once again News “It’s ridiculous that even with last year’s poor harvest and significant worries over food supplies among residents, they (the authorities) continue to mobilize us for work projects. They don’t pay us, and working conditions are hardly any better – if not far worse – than they were under Kim Jong Il,” the North Korea-based source lamented.   By Daily NK – 2018.01.16 2:19pm Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaderslast_img read more

BMO InvestorLine rolls out Morningstar credit research reports

Keywords Discount brokeragesCompanies BMO InvestorLine BMO InvestorLine Thursday announced the launch of a new set of resources that will provide investors with expanded company research coverage from Morningstar, one of the largest independent sources for equity and credit research in the world. The reports are designed to assist investors in meeting their long-term investing goals. Biden’s pick for SEC flags trading-app gimmicks for scrutiny Share this article and your comments with peers on social media Investors can access Morningstar credit reports for more than 300 North American-listed companies. BMO InvestorLine is the first Canadian brokerage to offer this resource. Morningstar Canadian pick lists, published monthly, feature the most attractively valued Canadian large cap and top dividend-paying Canadian equities. Morningstar equity reports provide detailed qualitative and quantitative analysis, fair value estimates, and Morningstar’s proprietary stars ranking. Family of novice investor who killed himself sue Robinhood BMO’s adviceDirect launches premium service Related news IE Staff Facebook LinkedIn Twitter read more

FSRA updates title reg proposal

first_img “Light planning” could expand access to financial advice Close of businesswoman making announcement in paper trumpet 123RF Michelle Schriver Based on consumer research commissioned by FSRA last fall, 60% of respondents said they’d prefer to have access to a single source that would verify whether an FA or FP were qualified to use their respective titles.In addition to helping consumers, a single registry would help “advance the professionalism of the sector and strengthen the brand value of the FP and FA titles,” FSRA said in its update.Want more immediate, memorable insights? Listen to this Soundbites episode, featuring Dustin Reid, vice-president of investment management with Mackenzie Investments.The creation of a central database of title users was a key consumer protection measure suggested by various stakeholders during last year’s consultation on the province’s title regulation. The new regime will require professionals who use the FA/FP titles to have FSRA-approved credentials from FSRA-approved credentialing bodies.On Tuesday, FSRA also proposed shortening the transition periods for those who actively use the titles but didn’t hold approved credentials on or before Jan. 1, 2020. The proposed transition is now two years for FA title users and four for FP title users. Previously, these periods were three and five years, respectively.“Shortening the amount of time that individuals who do not hold an approved credential can use the FP/FA titles will mitigate the potential for misuse/abuse of titles,” FSRA said.In its update, the regulator also provided clarity on its supervisory approach to unregulated titles that could be confused with regulated ones. Consumer advocates have warned of the need to broadly restrict titles to avoid consumer confusion, as is done in Quebec, where the FP title has been regulated for more than a couple decades.FSRA said variations on the regulated titles — such as “financial advisor consultant” and “financial planning manager” — could reasonably cause confusion, and it will review complaints about such misleading titles on a case-by-case basis.Titles that would likely remain fair game ranged from the descriptive (“portfolio manager,” “asset manager,” “investment manager”) to the more expressive (“wealth coach,” “money guru,” “retirement counsellor”).Such titles likely wouldn’t be reasonably confused with the regulated titles, FSRA said. But Neil Gross, chair of the Ontario Securities Commission’s investor advisory panel, suggested otherwise.The FA/FP titles are “bound to be confused with any other title that evokes the notion of advice or planning about money matters,” Gross said in an emailed statement. For example, most people see no material difference between “financial planner” and “wealth counsellor,” he said.While FSRA’s “been put in a tight spot” with the narrow remit of regulating only two titles, the regulator “needs to come to grips with all evocative titles,” Gross said.Supervision detailsIn a document outlining its proposed supervisory framework for title protection, FSRA said it will review and investigate complaints about those who use a title without an approved credential and take action if warranted, such as issuing compliance orders.Likewise, the regulator said it will review and investigate misrepresentations by credentialing bodies (CBs).FSRA will also conduct annual compliance reviews of approved CBs based on the data they’re required to submit about their complaints and enforcement activity. FSRA said it may also conduct on-site reviews.Annual reviews would ensure CBs continue to meet minimum standards outlined in the title protection rule, FSRA said, such as effective governance, professional standards and expertise to administer credentialing programs and oversee credential holders.Overall, FSRA said its disciplinary processes for approved credentialing bodies and individuals may include warning letters, remediation plans, compliance orders and revocation of approval. Compliance orders will be posted on its website.The new consultation also includes application details for CBs. Among the application revisions, the regulator strengthened language for CBs to describe how they serve the public interest by identifying, managing and addressing conflicts.FSRA is consulting on its revisions until June 21. Merger of B.C. financial services, real estate regulators nears completion The regulation of “financial advisor” (FA) and “financial planner” (FP) titles in Ontario saw some action this week, with a new consultation that includes an important update for clients: a central registry of title users.In an update that incorporates feedback from a consultation last year, the Financial Services Regulatory Authority of Ontario (FSRA) proposed on Tuesday that credentialing bodies be required to submit information posted on their websites to create a consolidated public registry of title users. Share this article and your comments with peers on social media Related news Keywords Advisor titles,  Financial planning,  RegulationCompanies Financial Services Regulatory Authority of Ontario Title protection in Ontario on track for 2022 Facebook LinkedIn Twitterlast_img read more

4-H Clubs to Launch Rabbit Rearing Project this Month

first_imgAdvertisements Related4-H Clubs to Launch Rabbit Rearing Project this Month Related4-H Clubs to Launch Rabbit Rearing Project this Month FacebookTwitterWhatsAppEmail The Jamaica 4-H Clubs rabbit-rearing project will be officially launched on Tuesday (Feb. 27) at the Rose Hall 4-H Training Centre in Linstead, St. Catherine.The project, which is being funded by the Food and Agriculture Organisation (FAO) at a cost of some $600,000, will equip clubbities with the necessary skills in rabbit production and business management, to start income generating projects.Parish Development Officer for the Jamaica 4-H Clubs, Collin Woodham, told JIS News that 10 clubbities would be selected for the first stage of the project. They will be trained in entrepreneurial skills, husbandry practices for rabbits, record keeping and marketing, and growing fodder for the animals.“We are involving our clubbites and allowing them to participate in the project by rearing rabbits of their own. We will give them one buck and two does which they will contribute to the cost down the road but we start them with that and a small hutch,” he informed, noting that the hutches have been completed.The 4-H Clubs are expected to purchase rabbit meat from the clubbites in the initial phase of the project.“We are also hoping to provide an opportunity for our clubbites.so that they will have a business opportunity to venture into. We are looking forward to a profitable business. We want this project to generate some income,” Mr. Woodham stated.He told JIS News that the project would be extended to 4-H centres islandwide. “Once we are up and running and our project is successful, then we want to transfer that to other centres, so they too could benefit from the knowledge and exposure,” he said.center_img Related4-H Clubs to Launch Rabbit Rearing Project this Month 4-H Clubs to Launch Rabbit Rearing Project this Month UncategorizedFebruary 14, 2007last_img read more

First COVID-19 lockdown cost UK hospitality and high street £45 billion in turnover, researchers estimate

first_imgFirst COVID-19 lockdown cost UK hospitality and high street £45 billion in turnover, researchers estimate However, UK supermarkets and online retailers made an additional £4 billion each thanks to the coronavirus lockdown that began in March last year, according to econometric models.When people are forced to experiment, it can lead to behaviour changes that last well beyond the life of a crisis Shaun Larcom The UK’s first national lockdown from March 2020 and its immediate aftermath saw a massive shift in consumer habits that was initially mandated but then lingered as shops and restaurants opened but risks from the virus remained.A new study from the universities of Cambridge and Newcastle used data from the ONS to compare retail, hospitality and online sales in the UK between March and August 2020 with average figures for the same months for the years 2010-2019.Researchers took an approach normally used to estimate cumulative excess deaths to try and measure the impact of the COVID-19 shock on sales of UK retailers and restaurants.They say their economic models suggest that shops predominantly selling food, such as supermarkets, saw a 5-10% bump in sales in lockdown, adding up to an additional £4 billion in earnings over “business as usual” expectations.This is “consistent with large-scale stockpiling”, they say, as people prepared for an indefinite future of home-cooked meals.With many shops shut and people stuck indoors, online sales experienced a major boost, peaking at around a third higher than business-as-usual estimates during the first lockdown – an increase that amounts to an additional £4 billion.Non-food high street shops, those selling everything from books to clothes, saw sales evaporate during the first lockdown when they had to shut, costing around £20 billion in turnover. Sales returned to normal once national lockdown lifted.The shortfall for bars, pubs and restaurants was “dramatic”, say researchers, with the first UK lockdown causing sales to fall as much as 90% below the business-as-usual level, equating to around a £25 billion revenue loss.Hospitality sales saw some recovery post-lockdown, as government schemes such as ‘Eat Out to Help Out’ kicked in, but were still 25% below estimated business-as-usual revenues by the end of summer.Writing in the journal Global Food Security, researchers say they found no evidence of a post-lockdown fall in food-shop sales as people used up their stockpiles, or an “overshoot” on the high street due to “pent-up demand” during lockdown.“Lockdown restrictions led to behaviour changes in consumers and retailers that caused huge fluctuations in sales,” said Dr Shaun Larcom from the University of Cambridge, who co-authored the study with his Cambridge colleague Dr Po-Wen She and Dr Luca Panzone from the Newcastle University. “Shopping frequency dramatically reduced, and footfall vanished from many commercial areas, with people going online or using local outlets within residential areas when they had to shop.”“Consequences of lockdown, such as long queues outside supermarkets, led to ‘forced experimentation’. Consumers had to explore new purchasing methods,” said Larcom, from Cambridge’s Department of Land Economy.“Many people shopped online for the first time. They also bought directly from wholesalers or even farms, and trialled different types of home cooking. When people are forced to experiment, it can lead to behaviour changes that last well beyond the life of a crisis.”The researcher say that, while online sales peaked during lockdown, they remained above pre-lockdown levels in August 2020, which they suggest may be early signs of a more permanent “structural change” in shopping habits.Recent media reports suggest that the UK Treasury is considering a one-off tax for online retailers who saw profits boosted by the lockdowns.In February 2020, stores primarily selling food had sales figures almost identical to business-as-usual (BAU) estimates produced by the researchers’ econometric models: £12.6 billion. Sales for March ran at £17.5 billion – around 10% higher than the £16 billion BAU estimates – but had returned to BAU levels by July.For online retail, sales sharply diverged from BAU estimates by May – £5.3 billion against a predicted value of £4.1 billion (+29%) – and peaked in June at £6.8 billion compared to £5 billion BAU estimate (+36%). While online sales then started to fall, they were still above BAU estimates by the end of summer.Non-food shops had February sales figures almost equal to their BAU estimates: £11.6 and £11.9 billion respectively. Actual sales tumbled as the pandemic took hold, with an April nadir of £5.9 billion compared to BAU estimates of £13 billion (-54.6%). Sales then started to recover, and by August only just lagged BAU estimates.Sales in “food and beverage serving services” suffered most in terms of lost revenue. In February, turnover was £5.7 billion, just shy of the £6 billion BAU estimate. By March this had slumped to £4.3 billion against a prediction of £6.7 billion.April sales for bars, pubs and restaurants were just £0.7 billion compared to a BAU estimate of £6.7 billion: an approximate shortfall of 90%. While this gap shrank it remained startling. Even with the ‘Eat Out to Help Out’ scheme, August sales were £5.2 billion compared to a BAU estimate of £7 billon (-25%).“Understanding the monetary impact of the pandemic is important to gauge the magnitude of the damage, and can help government design policies to assist these sectors,” said Panzone from the University of Newcastle.“Food services and non-food retailers lost a huge share of their yearly business, compared to food stores and online retailers that actually gained from lockdown. One-size-fits-all policy approaches across retail won’t work,” he said. /University Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:business, Cambridge, coronavirus, covid-19, Government, lockdown, Newcastle, online retail, pandemic, revenue, security, shopping habits, UK, university, University of Cambridge, University of Newcastlelast_img read more

Canada takes action to remove bulk oil from MV Schiedyk shipwreck in British Columbia

first_imgCanada takes action to remove bulk oil from MV Schiedyk shipwreck in British Columbia From: Canadian Coast GuardNootka Sound, British Columbia – The Government of Canada is committed to protecting Canada’s oceans and waterways, and is taking action to address the threat posed by wrecked, abandoned and hazardous vessels, including the MV Schiedyk, a historic shipwreck leaking oil off the west coast of Vancouver Island.Nootka Sound, British Columbia – The Government of Canada is committed to protecting Canada’s oceans and waterways, and is taking action to address the threat posed by wrecked, abandoned and hazardous vessels, including the MV Schiedyk, a historic shipwreck leaking oil off the west coast of Vancouver Island.Today, the Honourable Bernadette Jordan, Minister of Fisheries, Oceans and the Canadian Coast Guard, announced the award of a $5.7 million emergency contract to Resolve Marine Group of Fort Lauderdale, Florida to remove bulk fuel from the MV Schiedyk. The recent results of a technical assessment determined that immediate action to remove bulk fuel is necessary to protect Nootka Sound, an area rich in natural beauty, history, culture, wildlife, and in the traditional territory of the Mowachaht/Muchalaht First Nation.In the fall of 2020, the shipwreck was confirmed to be the source of several reports of visible sheen on the surface of the water in Zuciarte Channel, near Bligh Island in Nootka Sound. Since then, the Canadian Coast Guard, BC Ministry of Environment and Climate Change Strategy and the Mowachaht/Muchalaht First Nation have been jointly leading a virtual Incident Command Post to manage the response to reduce oil on the water and protect the environment.The technical assessment found two tanks containing heavy fuel oil, one tank with marine diesel oil, and one tank with mixed oil product on board the vessel. The amount of fuel is estimated to be approximately 147 cubic metres based on the total volume of the tanks, however that amount may be less if the internal tank walls have been compressed.Resolve Marine will use a process called “hot tapping” to reduce the volume of fuel in the tanks. This process involves drilling a hole in the fuel tank from the outside, attaching a drainage valve, and pumping the fuel out of the tank through a hose attached to the valve. The hot-tap method has been used successfully on shipwrecks for many years, including in the case of the Manolis L in Atlantic Canada in 2018. Given the nature of the operation, there is a small risk of a larger release of oil. Canadian Coast Guard Environmental Response crews are prepared to address this should it arise, and will continue to be on-site and ready to respond if necessary.Work is scheduled to begin in mid-June and is expected to take several weeks.Quotes“Wrecked, abandoned and hazardous vessels like the MV Schiedyk pose a threat to Canada’s vibrant oceans and coastlines. Working with Resolve Marine Group and local companies the Canadian Coast Guard, in partnership with the BC Ministry of Environment and Climate Change Strategy and the Mowachaht/Muchalaht First Nation is taking necessary steps to keep the marine environment in Nootka Sound safe and healthy for today and future generations.”The Honourable Bernadette Jordan, Minister of Fisheries, Oceans and the Canadian Coast GuardQuick factsBuilt in Ireland in 1948, the MV Schiedyk is a 147-metre (483 ft) cargo ship that sank on January 3, 1968. After striking a submerged ledge on the south side of Bligh Island the ship drifted down Zuciarte Channel and sank on the east side of Bligh Island at a depth of 106 to 122 metres (350 to 400 ft).Before the 34 crew members abandoned ship, oil was reported on the water but it is unknown how much oil escaped at that time.Almost 40,000 kg of oil and oily waste has been recovered since the start of the response operation. More detailed information about the response and the results of the technical assessment are available on the incident web site, hosted by Western Canada Marine Response Corporation, at: www.spillresponsebc.ca (English only)Resolve Marine Group has extensive international experience with complex emergency salvage and response. Crews will be supported by Canadian subcontractors including the Canadian-registered Atlantic Condor vessel which will act as the operations platform. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:British, Canada, climate change, Emergency, environment, Fisheries, Florida, future generation, Government, incident, Ireland, Jordan, Lauderdale, Minister, operation, shipwrecklast_img read more

A ‘Fast and Furious’ film with an all-female cast is in the works

first_img After the ninth Fast film, rumours are there will be a 10th and likely final film, possibly split into two parts, coming in 2021. COMMENTSSHARE YOUR THOUGHTS Fast 9 isn’t even out yet, and already Vin Diesel is talking about making another Fast and Furious movie — except this time, there’s a twist.‘I’ve created a female spin-off,” Diesel said in a recent MTV interview. “And that script comes next month, so we will see.”Yes, an all-female Fast and Furious film is happening! We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Trending in Canada Best of the Decade: The best car movies we saw between ’10 and nowThere are plenty of female characters from the franchise that could be featured in the film. Michelle Rodriguez is an obvious one, as well as Jordana Brewster. There are also a few new faces who joined the series more recently that could make an appearance such as Charlize Theron; or Nathalie Emmanuel, who played hacker Ramsay. The cast has at this point not at all been even hinted at, though.A female spin-off could do well for the franchise; after all, Fast and Furious is one of the only movie series where a spin-off has actually done well for itself, in particular Hobbs and Shaw. Trailer for latest ‘Fast & Furious 9’ film stars Han, rocket Fiero See More Videos Trending Videos advertisement PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca ‹ Previous Next › RELATED TAGSDodgeNon-LuxuryNew VehiclesNon-Luxury Created with Raphaël 2.1.2Created with Raphaël 2.1.2 Michelle Rodriguez as daredevil Letty, Vin Diesel as fugitive ex-con Dom Toretto and director Justin Lin on the set of The ‘Fast and The Furious 6.’  Universal Pictures Diesel actually hinted at doing this a few years back, but now there are some real names attached to the production. According to Diesel, Nicole Perlman, Lindsey Beer and Geneva Robertson-Dworet are involved with the script.If you don’t know who those people are, you should. Nicole Perlman wrote the script for the fabulous Guardians of the Galaxy, and Beer was a writer for Sierra Burgess Is a Loser. Robertson-Dworet was on the team that wrote the scripts for Captain Marvel, as well as Tomb Raider.RELATED Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” The Rolls-Royce Boat Tail may be the most expensive new car everlast_img read more

How Cork Stoppers Are Made

first_imgHome Video How Cork Stoppers Are MadeVideoHow Cork Stoppers Are MadeBy Press Release – November 18, 2013 47 0 ReddIt Share Pinterest TAGSAmorimcorkWine Closure Facebook Email Linkedin Twitter AdvertisementThe process of making a cork stopper, as filmed at the Amorim factory in Portugal.Advertisement Previous articleFT System – Oxygen Measure – Non Invasive Laboratory InstrumentNext articleAfternoon Brief, Nov. 18 Press Releaselast_img