An effective vaccine could be the turning point for value stocks, but perhaps not just yet

first_img– Advertisement – – Advertisement – Value stocks have been on a tear in the last week after positive vaccine news from Pfizer and BioNTech raised hope of the U.S. economy staging a fast recovery next year. However, investors loading up on beaten-down value names should brace for some volatile swings as risks to the group linger.The iShares Russell 1000 Value ETF (IWD) rallied 5.7% last week after Pfizer and BioNTech said Monday that their coronavirus vaccine candidate was more than 90% effective at preventing the coronavirus during a late-stage trial. Value’s gain came at the expense of high-flying growth stocks. The iShares Russell 1000 Growth ETF (IWF) lost 1.2% last week.center_img Traders work the floor of the New York Stock Exchange.NYSElast_img

Ferguson backs Gill for UEFA post

first_img Though Gill will remain in the shadows, his decision creates an element of uncertainty at Old Trafford. Ed Woodward, who has overseen the massive progress made by the Red Devils’ commercial department, will take over many of Gill’s responsibilities. It is, however, envisaged Woodward will remain based at the club’s London offices, with current commercial director Richard Arnold becoming the most senior figure at Old Trafford. The situation has been likened to that encountered at Arsenal following the exit of David Dein, whose departure was viewed by many as the start of that club’s decline. Yet Ferguson does not view the situation in the same way. “There is a good stability here. That must help,” he said. “The foundations David has laid down from his side of it are easy to carry on from. There is a template there for us to follow. The job is to support the manager and the staff to maintain the success they have. I don’t think that should change that much.” Woodward has been attending Premier League meetings on United’s behalf in an attempt to get his head round the intricate world of football politics. And Ferguson believes the manner of the 40-year-old’s promotion is another sign that the Glazer family remain wedded to the in-house philosophy that has proved so successful down the years. “I have always worked well with David and he is going to be a loss,” said Ferguson. “But United are great at promoting from within and we have done it again with Ed Woodward stepping up. Remember, David came as the finance director and ended up as chief executive. “From the football side, Mike Phelan came as reserve coach and ended up as my assistant. Rene Meulensteen came as a development coach and is now my first-team coach. Brian McClair came as a youth coach and is now director of the academy. We see quality and potential in a lot of our staff. That happens throughout the club. There shouldn’t be a big problem.” Press Association Sir Alex Ferguson believes Manchester United’s loss will be UEFA’s gain following David Gill’s decision to stand down as chief executive.center_img Gill will leave his post after 16 years in the summer, although he will retain a position on the United board. The move has been prompted by a desire to seek a place on the influential UEFA executive committee, with concerns being raised about Gill’s ability to combine that role with his status as the administrative leader of one of the world’s biggest clubs. “He spoke to me about it some weeks ago,” said Ferguson. “I was surprised because he is still a young man. But I can understand exactly where he is coming from. Sixteen years at United in that particular position is not easy. He will do fantastic with UEFA and he will contribute greatly to the game in general.” last_img read more

Mims Davies signals end of Under-18s gambling

first_img Submit StumbleUpon Share Mims Davies, UK Minister for Sports & Civil Society (DCMS), has detailed that the National Lottery will have to make adjustments, as the government continues to push for higher standards across all UK gambling disciplines.Speaking to the Commons ‘House Magazine’, Davies has stated that she seeks to terminate all current forms of under-18s wagering/betting.The Minister for Sports seeks to install changes to UK gambling laws, which would set the minimum age requirement of +18s for any form of licensed gambling/betting.The ‘soon to be put forward’ mandate would end the sale of National Lottery ticket draws and scratchcards, which at present can be purchased by UK consumers aged +16s.Davies states that the government wants to make it clear to the gambling industry, consumers and merchants that ‘gambling starts at the age of 18’, whilst further detailing that her department’s mandate would be reviewed shortly.Issuing its June 2018 research update, ‘Gambling, children and young people: A case for action’, the Responsible Gambling Strategy Board (RGSB) put forward a series of recommendations for the government to reduce underage gambling and enhance risk preventions.In its report, the RGSB recommended that the UK Gambling Commission (UKGC) undertake a ‘comprehensive review of allowing UK 16-year olds to purchase National Lottery products’.Supporting UK health stakeholders, the RGSB stated that under-age gambling would be further reduced if the government pushed to create a ‘wider pool of guardians on underage problem gambling’ – including the support of app stores, search engines, retail merchants and schools. Share Related Articles UKGC hails ‘delivered efficiencies’ of its revamped licence maintenance service  August 20, 2020 UKGC launches fourth National Lottery licence competition August 28, 2020 Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020last_img read more

Ask the Mayor — March 4, 2020 — Mason City mayor Bill Schickel

first_imgMason City’s mayor Bill Schickel was our guest on “Ask the Mayor” on March 4th 2020 on KGLO. Listen back to the program herelast_img