Finsbury reports big rise in profits

first_imgCake and bread company Finsbury Food Group has hailed a “transformative” year of trading after reporting a 19% leap in adjusted profits before tax and a 78% fall in debt.In it preliminary results for the 52 weeks ended 29 June 2013, announced this morning, the company revealed profits before tax rose to £5.5m, up from £4.6m last year. Revenue fell to £176.6m from £178.9m in 2012, while debt levels were reduced from £33.9m last year to £7.4m. The positive results enabled the manufacturer to reinstate a dividend for shareholders, proposed at 75p per share.John Duffy, CEO of Finsbury Food Group, said: “Light at the end of the tunnel is always welcome. While the precise length of the tunnel remains a matter of debate, it is pleasing to reflect on a year in which the enduring efforts of senior management and staff at all levels of Finsbury Foods generated demonstrable progress.”In November 2012, the company raised £3.8m through an equity placing to fund capital investment projects in its core cake business. It also sold its Free From business to Genius Foods for £21m earlier this yearThe net effect of those transactions was “transformative”, said no exec chairman Martin Lightbody, helping the company to dramatically reduce debt and associated charges, and invest in the business.“Consumer markets remain challenging” he said. “Weary consumers have grown increasingly deal focused while commodity prices continue to rise. Finsbury Foods has responded to the value conscious environment with a series of cost and product initiatives, reacting nimbly to the changing needs of the marketplace. The sale of Free From will enable the company to rebase, driving forward organic growth. £6m has been set aside for new capital investment projects in our core cake business this year, the scale of investment demonstrating the depth of our ambition.”last_img read more

Nebraska Festival Erases Online Presence After Headliners Back Out

first_imgThis past weekend’s River City Music Festival saw two of its three headliners pull out of the festival at the last minute. Set for Saturday, June 18th, the Nebraska festival saw George Clinton & Parliament Funkadelic and Keller Williams drop out at the last minute, while third headliner Matisyahu did actually perform.As reported by Brooklyn Vegan and local news network WOWT, the festival did at some point post an apology on its Facebook page, only to fully delete their website and social media presence in the wake of extreme anger shown by several disappointed fans.While the festival promoters seem to be hiding, Keller Williams, however, did release a statement on his Facebook page that pulls back the curtain on some of the reasons why this festival had so many problems, and the difficult decisions that artists face when put in tough situations like what he experienced at River City. He talks about how he “love[s] to play festivals” and how he is “grateful to get to play so many,” yet that “with this particular festival, my team and I had to follow our guts and pay attention to the red flags that the producers started to raise.”Read the full statement from Williams, below:I’m truly sorry for canceling the Nebraska festival. I feel like shit and that’s a feeling that I’m not used to feeling. I love to play festivals. I’m so grateful to get the opportunity to play so many. Over the years, my team and I have finally learned to follow our guts. The first couple bad checks we received, we got mad. Lawyers were hired and more money was spent and it ended in a head shaking lesson learned. Who wants to admit that they don’t have the money to pay you? Not me. I admire all promoters and festival producers because they take a HUGE risk for all of our good times. Also because I could never do it. Where would my world be without them? Probably in a van down by the river.So with this particular festival, my team and I had to follow our guts and pay attention to the red flags that the producers started to raise. To all the folks I inconvenienced with this decision, I’m truly sorry and hope I can make it up to you,personally…..some how. Kw.last_img read more

Chris Robinson Brotherhood Cancels LOCKN’ Appearance Following Departure Of Adam MacDougall

first_imgThe immediate future looks pretty bleak for fans of Chris Robinson Brotherhood. Over the last two days, the band announced they had parted ways with keyboardist Adam MacDougall and canceled an upcoming performance at New York City’s Webster Hall set for later this year. On Friday, it was announced that the band will now no longer be performing at this year’s LOCKN‘ Festival, which is set to take place on August 22nd-25th.According to the announcement shared by the festival, CRB will no longer perform due to a “scheduling conflict”, and has been replaced on the event schedule by Midnight North. The band did not make any statement of their own, and has yet to share their plans for replacing MacDougall.The drastic changes to the band’s lineup and schedule come at a slightly inconvenient time, as they’re set to release their sixth full-length studio album, Servants of the Sun, on June 14th. The band is still scheduled to perform at the official afterparty at the inaugural BeachLife Festival in Hermosa Beach, CA on Saturday, and their 2019 spring tour is set to continue on May 16th with a show in Kill Devil Hills, NC.MacDougall is currently on the road with his other band, Circles Around the Sun, which also just announced a new batch of summer tour dates. Awkwardly enough, the band’s summer tour schedule also includes an appearance at LOCKN’. Oof.Fans can still catch Trey Anastasio Band, Tedeschi Trucks Band, Bob Weir & Wolf Bros, and many more when LOCKN’ Festival returns to Arrington, VA at the end of summer.last_img read more

Redevelopment fast-tracked to meet demand from retirees

first_imgAveo Carindale’s $280 million redevelopment is being fast trackedThe second release of independent living apartments within Aveo Carindale’s $280 million redevelopment is being fast-tracked to meet unprecedented demand from retiree buyers after two months on the market.Aveo will release 27 additional apartments early from the $55 million first stage, which is set to be southeast Brisbane’s largest retirement community.Aveo Group CEO Geoff Grady attributes buyer interest to its proximity to key shopping hub, Westfield Carindale, and demand from local seniors to remain in the area.More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours ago“Many of the inquiries for this community are from seniors in the local area who say they love the region and don’t want to live anywhere else,” Mr Grady said.“We also know that seniors aged over 65 will make up 13.7 per cent of the population in Carindale by 2021, so preparing adequate infrastructure now to cater to this increased demand is crucial.“The high volume of retirees buying off the plan ahead of the first-stage completion demonstrates how important redevelopments like Aveo Carindale are to ensuring retirees can continue living within their local community as their lifestyle and care needs change.”The existing community located opposite Westfield Carindale was established in 1985 and the $280 million redevelopment will occur over six stages to deliver 432 independent living units and a 115-bed high-care facility.The first stage is due for completion next month with independent living apartments priced from $295,000.Amenities will include healthcare consulting rooms, a restaurant and bar, gym, pool, movie theatre, library, games room and beauty salon.last_img read more

‘There is nothing you can do about it’

first_imgView Gallery (2 Photos)http://http://vimeo.com/11370119http://http://vimeo.com/11369166Joey Labuz wins the game for The Badger HeraldVILAS PARK — The situation was perfect. It was a familiar scenario; one that sets men up to become legends. And with 2009’s hero watching from the dugout, it was Editorial Board Chairman Joe Labuz who ensured The Badger Herald would come off the diamond victorious for the second year in a row.Down 10-9 with two runners on and two outs, Labuz crushed a long home run over the heads of a deep Daily Cardinal outfield that was already backed up to the city limits of Middleton. The blast gave the Gentle Clowns of the Badger Herald a 12-10 walk-off win in the annual softball game, a year after former sports editor Ben Voelkel provided a theatrical ending to the 2009 game.“There is nothing you can do about it,” Labuz said repeatedly, as he rounded the bases — each utterance of the phrase sapping the already-low self-esteem of the Dirty Bird infielders.But as in any storybook ending, the result would not have been possible without some drama.Up 9-3 in the top of the seventh inning, the Herald looked to be comfortably in control despite muddy, wet conditions due to the kind of weather that scares off those pansies in Major League Baseball. Needing only three outs to avenge an October loss in the flag football game, BH pitcher Michael Bleach and his defense ran into some trouble.“Yeah, we wanted to give the Dirty Bird a chance to save face,” Bleach said. “You might say I was just clowning around out there.”With a defense consisting of late-season call-ups, the Dirty Bird started chipping away at the deficit, eventually going ahead on a home run over the heads of an over-confident Herald outfield. Defensive substitutions helped Bleach — who had a part in all three putouts in the inning — get the Gentle Clowns off the field down just one run.“You can’t have a walk-off win unless you’re losing, that’s totes obvi,” Bleach said. “The plan was to let the Cardinal have some fun before letting Joey just shatter their souls with one swing of the bat.”That game plan, referred to by ArtsEtc. content editor Tony Lewis as “The worst idea I’ve ever heard,” turned out to be just crazy enough to work.In the bottom of the seventh, Publisher Nick Penzenstadler and sports writer Cassie Paulsen reached base, and both advanced into scoring position by the time Labuz — who already had a home run in the game — came up to the plate.Dirty Bird manager Nico Savidge already knew the game was over as soon as Labuz entered the batter’s box.“I considered stacking the outfield, but what’s the point?” Savidge said.Asked to elaborate on the term “stacking the outfield,” Savidge admitted he planned on sending the entire Cardinal staff into the field, but realized he didn’t want to add a 300-foot walk to what he knew was already going to be an embarrassing, shameful end to the game for the Dirty Bird.Aside from the carefully planned seven runs the BH allowed in the top of the seventh inning, it was a game dominated by the Herald from the first drink of beer.BH designated drinker Adam Holt won a controversial chug-off against future DC editor in chief Emma Roller that required an overtime period. Roller was visibly nervous during the bout, trembling with obvious premonitions of the softball beat-down that would follow.“I had a bad feeling about the whole thing,” Roller said. “I’m going to have nightmares of that plastic cup hitting the ground for the rest of my life.”Observers from both teams called Holt’s chugging everything from “magnificent,” to “terrifying and unnatural.” BH Sports editor and manager Jordan Schelling agreed Holt’s drinking made up for the two times he struck out looking during the game, adding he thought keeping Holt from swinging might work in the Gentle Clowns’ favor. He finished 1-3 with an RBI single and a walk in the game.The Herald managed to score in the first inning after a scoreless top half, but found itself down 3-1 entering the bottom of the fourth inning. Big hits off the bats of Labuz and Editorial Page editor Sean Kittridge — blasts most easily likened to those caused by Sidewinder missiles — helped produce a six-run inning for the Gentle Clowns.Labuz and Kittridge, who declined to create a catchy moniker like “The Bash Brothers,” or “Duran, Duran,” would strike again in the fifth inning to give the Herald a 9-3 cushion. As Kittridge put it, “the bats were pretty bangin’ today, huh?”Frustration was clearly mounting for the Cardinal, as BH News editor Alex Brousseau was beaned in the inning, one of three Gentle Clowns to be hit by a pitch in the game. There was a tense moment when Associate Photo Editor Bobby Breitenbach, replete in short-shorts, flung his bat into the air after being hit.But instead of rushing the mound, the Herald retaliated the only way it knew how: Hitting the cover off the ball and drinking Genny like it’s going out of style.In the end, there was truly nothing the Cardinal could do about it.“The bottom line is, the Dirty Birds’ bats were small and inadequate tonight,” BH editor in chief Jason Smathers said. “Small and inadequate is all too often the theme with the Cardinal.”last_img read more

Under the Radar at UFC 235: Pedro Munhoz

first_imgJoin DAZN and watch more than 100 fight nights a yearHe has looked terrific as of late and has the potential to cause further chaos in the bantamweight division by handing Garbrandt a third consecutive loss this weekend in Las Vegas.Don’t sleep on Pedro Munhoz; he’s a real player in the 135-pound ranks. Prior to every event, Under the Radar will cast the spotlight on an up-and-coming talent who shows the potential for growth in their division and isn’t getting enough attention as they head into battle.Name: Pedro Munhoz Record: 17-3 (1 NC) overall; 7-3 (1 NC) UFCDivision: BantamweightTeam: American Top TeamPedro Munhoz just hasn’t been able to put together the right wins at the right time in order to propel himself into the thick of the title chase in the bantamweight division, but that doesn’t mean the 32-year-old “Young Punisher” shouldn’t be viewed as a viable threat in the division.While Munhoz has earned some quality wins inside the Octagon, including first-round finishes of Rob Font and Bryan Caraway, it’s his trio of losses that really illustrate where he fits in the bantamweight hierarchy and why he is someone people should be paying closer attention to heading into UFC 235 this weekend in Las Vegas.Join DAZN and watch more than 100 fight nights a yearAfter racking up 10 consecutive victories to start his career, including winning and defending the RFA bantamweight title, Munhoz debuted in the Octagon on short notice and went the distance in a losing effort against Raphael Assuncao, who was fresh off his split-decision win over TJ Dillashaw and 5-0 in the division at the time.His two other losses both came by split decision — one to Jimmie Rivera a little over three years ago and most recently to John Dodson last March. Both fights were closely contested and no one would have batted an eye if the split fell in Munhoz’s favor in either instance.He’s one round on one scorecard away from entering this weekend’s matchup with former champ Cody Garbrandt on a seven-fight winning streak — and two rounds on two cards away from being unbeaten in his last 10 — and yet very few people seem to view the Brazilian finisher as a real threat in the 135-pound ranks.And that’s a mistake.While some will look at those three losses to top contenders and categorize Munhoz as a talented guy, who isn’t quite good enough to beat the best the division has to offer, I look at him as a tough matchup for just about anyone and someone whose skills and abilities are far greater than his results would indicate.It’s the case I make whenever James Vick fights and talks about how guys aren’t on his level and cites his nine wins — quality matters more than quantity, so while Vick and others have shinier records, give me a guy like Munhoz (or Paul Felder last week against Vick) who might have caught a couple of losses along the way, but has been in there with and proven himself against significantly greater competition.Which is why I think he’s being overlooked heading into this fight with Garbrandt on Saturday.In terms of style and demeanor, Munhoz is the exact opposite type of guy I would want to come back against if I’m the former champion because he’s never been finished, has no problem getting into a firefight if that’s what you’re looking for and has an arsenal of weapons he can finish you with if you get loose and make a mistake … which is precisely what Garbrandt has done in each of his last two fights.While he carries a reputation for being “a submission guy,” Munhoz has much better boxing and power in his hands than he’s often given credit for and his submission wins often come as a result of his landing big shots that put opponents down or turn them into panic wrestlers. If he gets you in that position, Munhoz has shown he’s adept at finishing, either by following up with strikes or clamping on his signature guillotine choke, which he can secure in a flash.The most interesting wrinkle in this fight — at least to me — is how the Brazilian will hold up if Garbrandt is able to land big shots on the feet. Thus far, Munhoz has proven to be ultra-durable, but “No Love” sits down on his punches and carries more power than just about anyone in the division, so if he lands clean, Munhoz’s chin will be put to the test.This is the fight I’m looking forward to the most on Saturday night because it’s such an intriguing clash of styles and Munhoz feels like such a criminally underrated talent heading into a winnable fight against a former champion.last_img read more

The Revival of Olympic Spirit Through the Project “Celebrating Olympic”

first_imgThe year 2014 in B&H will be marked by many Jubilees. The 30 year anniversary of one of the most important cultural, sportive and touristic events in world- Winter Olympic games, hosted by Sarajevo, B&H in 1984 will be celebrated.B&H, specifically Sarajevo and East Sarajevo in 2014 will start a three year preparations for the organization of the European Winter Olympic Games for Youth EYOWF 2017.On this occasion, the Olympic Committee of B&H in partnership with agencies CIP7 and Visia will implement a four year project – Olympic Family- Celebrating Olympic that aims to revive the Olympic spirit, to promote original Olympic values, to raise awareness on the importance of organizing the upcoming event Winter European Festival for Youth EYOWF 2017, popularization of winter sports in general and the creation of a new generation of athletes, primarily for winter sports.The exhibition of B&H artists that will present a very important cultural event for the whole country is one of the segments of the project Olympic Family- Celebrating Olympic. The exhibition will be presented in 10 cities in B&H. All the art academies and all professional artists are invited.(Source: klix.ba)last_img read more

Wenger v Mourinho — origins of a blood feud

first_imgThe acrimony between Wenger and Mourinho stretches back to the arrival of the Portuguese coach in England 13 years ago.Verbal volleys have been traded time and again, with the enmity once boiling over into a memorable mid-match bout of shoving.Even now, with Wenger 68, and Mourinho 54, neither boss seems ready to act their age.Why do the old foes hate each other so much? Here AFP Sports looks back at the roots of the rivalry and recalls some of their more spectacular battles:Wenger labelled a “voyeur”When Mourinho joined Chelsea in 2004, his brash personality didn’t take long to ruffle Wenger, who as one of the game’s established force, didn’t take kindly to being threatened by the young upstart.While Mourinho adopted a deferential attitude around Manchester United boss Alex Ferguson, there would be no such respect shown to Wenger.When Wenger took a shot at Chelsea by claiming they might have lost belief after a couple of poor results in 2005-06 season, Mourinho went on the offensive with a memorable, if unkind, description of the Arsenal manager.“I think he is one of these people who is a voyeur. He likes to watch other people,” he said.“There are some guys who, when they are at home, they have a big telescope to see what happens in other families. He speaks and speaks and speaks about Chelsea.”Style warsThe saying goes that opposites attract, but the contrast between the urbane Wenger and the spiky Mourinho couldn’t be more obvious and neither has been willing to end the cold war.The differences between the rivals’ approach to their careers are striking.Former Real Madrid, Inter Milan and Porto coach Mourinho has never lasted more than three years anywhere, while Wenger is in the 21st year of his Arsenal reign.Wenger took a holistic approach to his root and branch rebuild of Arsenal and has produced some of the most eye-catching teams in English football history, but when results suffered his stubborn refusal to tinker with his purist principles was costly.Mourinho prefers to shock and awe, hammering away at perceived threats both inside and outside his clubs until they bend to his will — the results have been remarkable but on occasions his acerbic tongue has proved his downfall when players start to tune him out.“Specialist in failure”Three words delivered in typically witheringly fashion by Mourinho struck at the heart of Wenger’s weakness in February 2014.Arsenal had gone eight years without a trophy under Wenger at the point, while Mourinho was back at Chelsea having hoovered up silverware across the world.In a pointed jibe at Mourinho, the Gunners chief claimed Premier League bosses were playing down their title chances because they “fear to fail”.Mourinho came back with all guns blazing, saying: “He is a specialist in failure, I’m not.“The reality is he’s a specialist because, eight years without a piece of silverware, that’s failure. If I did that in Chelsea I’d leave London and not come back.”Push comes to shoveFurious after Chelsea defender Gary Cahill’s ugly tackle on Arsenal’s Alexis Sanchez in the first half of a spiteful London derby, Wenger came out of his technical area to remonstrate with referee Martin Atkinson.Mourinho didn’t miss the chance to have his say and Wenger responded with a shove in the chest of his rival, who stumbled before regaining his balance and pointing to tell the Frenchman to get back to the bench.The pair clashed again seconds later with the fourth official Jonathan Moss stepping in to separate them.With Chelsea winning the October 2014 meeting 2-0 to inflict the Gunners’ first league defeat of the season, it was no surprise there was no handshake between the bosses at full-time.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000The acrimony between Arsene Wenger (R) and Jose Mourinho (L) stretches back to the arrival of the Portuguese coach in England 13 years ago © AFP/File / Oli SCARFF, Adrian DENNISLONDON, United Kingdom, Dec 1 – When Arsenal face Manchester United in a crucial Premier League clash on Saturday, the antics of the two sworn enemies on the touchline will take up as much attention as the actual match.It was ever thus when Arsenal boss Arsene Wenger and United manager Jose Mourinho lock horns.last_img read more