Virgin Money UK’s share price tanks despite a return to profit

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first_imgSimply click below to discover how you can take advantage of this. Royston Wild | Wednesday, 5th May, 2021 | More on: VMUK Enter Your Email Address See all posts by Royston Wild Wednesday’s proving to a bright day on UK share markets as investors buy back in following yesterday’s heavy falls. Both the FTSE 100 and FTSE 250 have punched handsome gains, the latter moving back towards April’s record highs. However, the same sense of cheer hasn’t spread to the Virgin Money UK (LSE: VMUK) share price.This UK banking share sank to two-week lows around 183p per share earlier in midweek trading. It’s recovered some ground to 189p, as I write, but remains 5% lower from Tuesday’s close.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Back in profitVirgin Money’s share price has fallen following the release of half-year trading numbers. But don’t think this reflects some chilly news coming out of the FTSE 250 share. Instead, the company advised of a sharp improvement in trading conditions and painted a cautiously positive picture looking ahead.Virgin Money’s share price fall represents nothing more than healthy profit taking following strong recent gains. The bank had risen around 50% in value in 2021 prior to today’s release and by 169% over the previous 12 months.Virgin Money said today it bounced back to pre-tax profit on a statutory basis. This is thanks to a sharp drop in impairment charges, it said. Profit clocked in at £72m for the six months to March, improving from the £7m loss recorded a year earlier.On an underlying basis, meanwhile, Virgin Money’s pre-tax profit more than doubled year-on-year to £245m.Impairment charges crumbleIncome at Virgin Money fell 9% between October and March, to £743m, caused by the introduction of additional Covid-19 lockdowns. But impairment charges collapsed from the same period a year earlier, coming in much lower than expected too. At £38m, this was much better than charges of £232m the bank had booked previously.In other news, Virgin Money’s net interest margin slipped to 1.56% in the six months to March. This was slightly worse than the 1.62% the firm punched out in the same 2019/2020 period.Virgin Money looks ahead with confidenceChief executive David Duffy was positive-if-careful when commenting about Virgin Money’s prospects. “We are cautiously optimistic about the improving outlook as the impact of the vaccination programme in the UK delivers positive revisions to economic expectations,” he said.“We’re continuing to manage through what is still an uncertain economic backdrop, but the bank is well placed, with a strong balance sheet, and through ongoing strategic delivery we have a clear path to long-term, improved sustainable return,” Duffy added. He also praised the “significant strategic progress” Virgin Money has made to transform itself “into a leading digital bank.”City analysts think Virgin Money will record earnings of 14.9p per share in the fiscal year to September. This compares to losses of 15.3p recorded in the previous financial period and leaves the bank trading on a forward price-to-earnings (P/E) ratio of 13 times. Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Virgin Money. Virgin Money UK’s share price tanks despite a return to profitlast_img read more

Residentes de Detroit enfrentan saqueadores corporativos

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first_imgLo que el sistema llama saqueo – tomando quizás algunos comestibles o un abrigo de invierno en una tienda durante una rebelión – puede llevar a una persona a la cárcel. El saqueo por banqueros y sus abogados serviles es otra cosa. Intente robar un museo, un parque de la ciudad, un departamento de agua y las pensiones devengadas de las/os trabajadores. En Detroit será celebrado, aunque puede que tenga dificultades con las/os manifestantes.El 13 de octubre, más de 100 residentes de Detroit, incluyendo un gran contingente de trabajadoras/es jubilados, se manifestaron frente al Instituto del Arte. Adentro, la élite de la ciudad estaba celebrando la apertura de una oficina del bufete de abogados corporativos Jones Day en Detroit.Jones Day fue contratada por Kevyn Orr, empleado de la empresa, quien fue nombrado Director de Emergencias para “representar” a Detroit en el tribunal federal de quiebras. Lo que Orr y Jones Day hicieron, en complicidad con el juez de bancarrota Steven Rhodes, fue construir una “gran oferta” para saquear las pensiones y robar los activos de la ciudad. El acuerdo implantó drásticos recortes de pensiones a las/os jubilados de la ciudad y canceló su seguro de salud, dio el Instituto de Artes de la ciudad de Detroit a un consorcio de “filántropos”, y convirtió el atesorado parque Belle Isle de la ciudad en un parque estatal que requiere una cuota de entrada.Por iniciativa de Orr, el Departamento de Aguas y Alcantarillado de Detroit cortó el servicio a decenas de miles de personas de Detroit. El DAAD está programado para ser vendido a una autoridad regional de agua suburbana y potencialmente privatizada – posiblemente por la Veolia Corp., que ya tiene un contrato de consultoría con la nueva autoridad del agua.Jones Day recibió $53 millones en honorarios de la tesorería de la ciudad para ayudar a los saqueadores corporativos por un año.  Mientras tanto, las/os residentes de Detroit están todavía en deuda por cientos de millones de dólares en pagos de intereses a algunos de los mayores bancos del mundo, el resultado de tratos fraudulentos de cambiar las tasas de intereses.Las/os manifestantes colocaron un piquete que ocupaba la glorieta utilizada para dejar a los invitados en el estacionamiento de servicio de valet.  Como resultado, los asistentes del estacionamiento tuvieron que estar bajo la protección de la policía y recibir a los asistentes a la gala en la acera acompañándoles a través de una hilera de manifestantes que ruidosamente enfrentaron a cada uno de los millonarios con gritos de “vergüenza” y “saqueadores, mentirosos y ladrones”.  Las voces más fuertes fueron las de las/os jubilados.  Las/os manifestantes rodearon al fácilmente reconocible Orr, siguiéndolo hasta que fuera escoltado hacia dentro.El IAD alberga los famosos murales sobre la industria automotriz pintados por el revolucionario artista mexicano Diego Rivera.  Una de las consignas era:  “¿Qué haría Diego Rivera?  Decir a Jones Day, al diablo con ustedes”.La protesta fue convocada por la Coalición Moratoria Ahora para Acabar con Ejecuciones Hipotecarias, Desahucios y Cierres de Servicios Públicos.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Radio journalist’s throat cut in DRC

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first_img Democratic Republic of CongoAfrica February 18, 2021 Find out more Democratic Republic of CongoAfrica Follow the news on Democratic Republic of Congo Reporter jailed in DRC for allegedly defaming parliamentarian Organisation Journalist arrested on provincial governor’s orders RSF_en April 21, 2015 – Updated on January 20, 2016 Radio journalist’s throat cut in DRC News to go furthercenter_img News Help by sharing this information News February 24, 2021 Find out more Reporters Without Borders is appalled by radio journalist Soleil Balanga’s brutal murder in Monkoto, in the northern province of Equateur. Balanga’s throat was cut by an assailant as he was returning home on 16 April from Monkoto community radio, where he worked.According to Radio Okapi, he was attacked by the son of Monkoto general hospital’s supervisor because he broadcast a report referring to the appointment of a new doctor to replace the alleged assaillant’s father. The police have arrested the reported killer.“We condemn this shocking murder and call on the police and justice system to conduct a proper investigation and punish those responsible,” said Cléa Kahn-Sriber, the head of the Reporters Without Borders Africa desk.Crimes of violence against journalists are rarely the subject of proper investigations and judicial proceedings in Democratic Republic of Congo. A total of 60 journalists were beaten or threatened in 2013-2014, in some cases by the police, without any investigation aimed at identifying their assailants. The murders of Serge Maheshe, Didace Namujimbo and several others remain to be solved. This impunity encourages more violence against media personnel.DRC is ranked 150th out of 180 countries in the 2015 Reporters Without Borders press freedom index. Receive email alerts Congolese reporter wounded by gunshot while covering protest in Goma News February 16, 2021 Find out morelast_img read more

Arrest after two men were struck by a car in Portnoo

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first_img WhatsApp Guidelines for reopening of hospitality sector published Twitter Facebook RELATED ARTICLESMORE FROM AUTHOR By News Highland – August 13, 2012 Pinterest WhatsApp A man’s been arrested and charged after two men were hit by a car in Portnoo in the early hours of yesterday morning.The incident happened at 3am, when the car mounted a ditch, hitting the two men.Both men were brought to hospital with minor injuries, one was discharged yesterday morning, the other earlier today. Google+ Three factors driving Donegal housing market – Robinson Facebookcenter_img Google+ Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Twitter Calls for maternity restrictions to be lifted at LUH Almost 10,000 appointments cancelled in Saolta Hospital Group this week Previous articleDerry councillor calls for investment in facilities after Culmore fireNext article“Bolt visit will happen” – Patsy Mc Gonagle News Highland News Arrest after two men were struck by a car in Portnoolast_img read more

Checkpoints continuing in Letterkenny as movement restrictions extended

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first_img WhatsApp Pinterest AudioHomepage BannerNews Google+ The restrictions on movement which were meant to expire tomorrow, have been extended for 3 more weeks, until Tuesday May 5th.Garda checkpoints continued in Letterkenny throughout the night and are ongoing today. Gardai are asking people to stay at home if your journey is not essential.The Taoiseach’s urging people not to tell authorities if someone’s breaking the rules.Leo Varadkar says it’s up to the gardai to take charge of the coronavirus restrictions:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/04/Varadkar-10am.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Arranmore progress and potential flagged as population grows By News Highland – April 11, 2020 Publicans in Republic watching closely as North reopens further Facebook Community Enhancement Programme open for applications Previous articleGardai alerted to a scam email from Bank of IrelandNext articleTests shipped to Germany due to be completed by next week News Highland WhatsAppcenter_img Nine til Noon Show – Listen back to Monday’s Programme Twitter Checkpoints continuing in Letterkenny as movement restrictions extended Pinterest Facebook Twitter Loganair’s new Derry – Liverpool air service takes off from CODA Google+ Renewed calls for full-time Garda in Kilmacrennan RELATED ARTICLESMORE FROM AUTHORlast_img read more

Major storm moves offshore as cold air follows, new Western storm brews in Pacific

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first_imgABC News(NEW YORK) —   Alerts remain in place this morning across several states from Wisconsin to Maine.While some of these alerts will expire early this morning, many will remain in place throughout the day due to high winds driving lake effect snow in the typical lake effect regions through Sunday evening. The Sunday morning radar as of 3 a.m. shows snow still falling along many U.S. interstates including the northern corridor of I-95 and I-91.This morning, lake effect snow is blowing off the Great Lakes and impacting parts of I-80 and I-90 in western Pennsylvania and New York State.This weekend’s storm brought some much needed snow pack to the northeast after what has been a very warm and dry season for snow.Most areas from central Pennsylvania north through New England now have at least six inches or more of snow cover.As the storm system continues to push offshore through Sunday, gusty winds will bring in cold air down from the Arctic region.As this air moves across the Great Lakes, typical lake effect snow bands will remain in place through Sunday.Winds this morning are gusting above 25 mph from the Northern Plains down through the Tennessee River Valley and all the way north to New England where some wind gusts make reach 40 mph.This wind will begin to calm down later on Sunday for most of this area, but breezy conditions can be expected from the mid-Atlantic coastline north through New England on Monday morning. The gusty winds are part of a reinforcing Arctic air mass that is sliding southeast into the U.S.Wind chill values this morning across the northern Plains are as low as 31 degrees below zero.That cold air makes its way to the Northeast by Monday morning and remains in place through midweek with daily minimum temperatures in the single digits and teens.A new storm system is brewing in the northern Pacific and is moving east toward the Pacific Northwest.This storm system moves onshore late Monday into early Tuesday morning bringing another round of coastal rain and wintry precipitation to the higher elevations.However, this storm is not expected to be as bad as this past week’s dangerous storms, and is only expected to bring typical seasonal storm conditions to the region through midweek. Copyright © 2020, ABC Audio. All rights reserved.last_img read more

US Navy names newest destroyer after late Senator Cochran

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first_img View post tag: Arleigh Burke-class View post tag: US Navy Share this article The US Navy has named its newest Arleigh Burke-class guided-missile destroyer in honor of late Sen. Thad Cochran, a Navy veteran.Cochran was commissioned an ensign in the US Naval Reserve in 1959 after graduating from the University of Mississippi with a bachelor’s degree in psychology and completed his service in the US Navy in 1961.He served on the staff of the Commandant of the Eighth Naval District in New Orleans, Louisiana; taught military law and naval orientation at the Officer Candidate School in Newport, Rhode Island; and was promoted to the rank of Lieutenant in the US Naval Reserve.Cochran went on to serve in the House of Representatives from 1973 to 1978 and represented Mississippi in the U.S. Senate from 1978 to 2018. He was recognized as the 10th longest-serving senator in the history of the United States.“From his service as a legal officer aboard the heavy cruiser USS Macon, to his dedicated work on behalf of our Sailors and Marines on the Senate Appropriations Committee, Senator Thad Cochran was always a strong advocate for our nation’s defense and a courtly voice for cooperation and civility in American politics,” said Secreatry of the Navy Richard Spencer. “We mourned his passing this May, but his legacy will live on wherever this Arleigh Burke-class destroyer may serve.”While serving as Chairman of the Committee on Appropriations of the Senate from 2005 to 2007 and from 2015 to 2018, Cochran worked to strengthen the Armed Forces by supporting shipbuilding programs for the Navy, the Marine Corps, the Coast Guard, other critical Federal organizations.The future USS Thad Cochran will be capable of fighting air, surface, and subsurface battles simultaneously and will contain a combination of offensive and defensive weapon systems to support maritime warfare, including integrated air and missile defense and vertical launch capabilities.The ship will be 509 feet long, have a beam of 59 feet, and be capable of operating in excess of 30 knots.center_img Photo: Photo: US Navy View post tag: USS Thad Cochranlast_img read more

Assistant Professor, Music

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first_imgCover LetterTeaching Video(s)Statement of Scholastic/Creative Activity as it fits thedisciplineTwo samples of scholarship/creative activity Job SummaryThe Bower School of Music and the Arts at Florida Gulf CoastUniversity seeks anexceptional scholar and pedagogue for a full-time, nine-month,multi-year renewableappointment at the rank of Assistant Professor beginning August 7,2021. The BowerSchool of Music invites applicants who can contribute a uniqueperspective to the musictheory area and provide excellent teaching that fosters andpromotes theory andmusicianship skills relevant to the needs of twenty-first centurymusicians.The successful candidate will be expected to teach the coreundergraduate music theoryand aural skills curriculum; teach courses aligned with theirarea(s) of research/creativespecialty; have a strong commitment to pedagogy and a willingnessto contribute toongoing curricular dialogue at the course and program level; pursueand maintain a highlevel of scholarly research and creative activity (including, butnot limited to, presentation,publication, and performance); engage in service opportunities tothe University andcommunity; participate in program and departmental meetings.Candidates who canprovide meaningful contributions to other academic areas (e.g.Music Education, MusicPerformance, or Music Therapy) as required by the curriculum orassigned by the Directorare strongly encouraged to apply. Special consideration will begiven to applicants whoare members of diversity groups that have been historicallyunderrepresented in facultypositions in higher education.Florida Gulf Coast University is a comprehensive universitydedicated to qualityeducation, research, and service. All faculty are expected to beexcellent teachers,responsive to changing professional needs; committed to innovativedelivery of instructionresulting in improved student learning; produce peer reviewedscholarship appropriate tothe discipline; and provide service to the College, University, andCommunity. Rankedfaculty typically teach three courses each fall and springsemester, with additional summerteaching contracts available on a limited basis. Teachingassignments may be on the maincampus or at off-campus sites within our region.Job DescriptionTypical duties include but are not limited to: Experience or commitment to the use of technology in distancelearning & university teaching. Interest in collaborating bothwithin and outside the University in the development and deliveryof instruction resulting in improved student learning. Must valuecontinued scholarship and service to the school and university.Ability to contribute effectively and collegially to a positive,dynamic, and inclusive learning environment that nurtures studentcreativity. This position is listed as “open until filled”; however,applications received by 5:00 pm Monday, November 30, 2020 willreceive priority consideration.Salary is $56,000.00 – NegotiableFGCU is an EOE AA /F/Vet/Disability Employer. Plans and teaches courses in assigned course.Prepares syllabi, instruction materials, coordinates lectures,tests, and evaluates.Maintains highest possible standards of classroominstruction.Keeps abreast of new information and developments in field ofinstruction.Actively serves on university committees.Actively participates in institutional meetings.Maintains professional skills through regular professionaldevelopment, and other activities appropriate to higher educationfaculty.Assists with the development of curriculum.Performs other duties as assigned by the supervisor. Special Instructions to Applicants:Appointment will be made on a 9-month multi-year appointment basisavailable August 2021.Because applications and materials are subject to public review andretention under Florida’s Public Records Law, please DO NOT sendexamples of your project/scholarship unless requested to do so.Therefore all submitted materials including articles, disks,slides, books, etc., become the property of FGCU and CANNOT BERETURNED. As applicable, finalists will be notified of the need tosubmit specific additional materials. Such materials will becomethe property of FGCU.Under Florida’s Public Records law, applications will be availablefor public review upon request.Required Materials: Additional Job DescriptionRequired Qualifications: Terminal degree in music, completed by start ofappointmentDemonstrated record of scholarly/creative achievement throughpresentation,publication, and/or performance commensurate with careerstageDemonstrated experience with pedagogy at the college/universitylevelCommitment to collegial and collaborative engagement withcolleagues to support an increasingly diverse, multiculturalstudent population. Additional Materials (the application will ask you to upload anyadditional required documents from the job posting.) The followingare the additional that should be uploaded in thatsection: Preferred Qualifications: Unofficial TranscriptsCurriculum VitaeList of 5 professional referencesStatement of teaching Philosophy, including applicantscommitment to diversity, equity, inclusion, and access Knowledge, Skills, and Abilities: College/University teaching experience beyond the graduateassistant levelExperience teaching core undergraduate music theory and auralskills curriculaDemonstrated excellence in music theory and aural skillspedagogy, innovative course development, novel uses of technologyin the classroom, and creative approaches to teachingSecondary area(s) of specialty complementary to existing BSMAfaculty specialtiesDemonstrated experience with learning management systems andonline curriculum deliveryDemonstrated interest in and engagement with current topics inthe field of music theoryResearch specialty and/or teaching expertise in popular music,jazz, and/or non-Western music and music theoryExperience advising music majors and minorslast_img read more

LMH hold discussion on corrective therapy for homosexuals

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first_imgAfter a turbulent LGBT History Month in Oxford, Lady Margaret Hall hosted a discussion on “corrective therapy” this Wednesday.The event, entitled “Pray the Gay Away?” encouraged students to “Hear from two men who’ve tried and failed” the controversial practice, which seeks to rid homosexuals of homoerotic desires.The discussion focused on the experiences of two individuals described by organisers as having a “fascinating personal connection with the issue.”The first, Patrick Strudwick, was a “multi-award-winning journalist and columnist,” who famously authored an exposé of corrective therapy in the Independent. His reporting led to a high-profile case in which his “therapist” was found guilty of professional malpractice.The second speaker was an administrative worker in the University who had “experienced corrective therapy for 2 years in his late twenties.” Both he and Strudwick discussed their personal experiences with the practice, and focused in particular on the “impact” it had on their lives.A representative of the LMH event noted that both speakers offered “a unique perspective on the topic,” adding, “Patrick Strudwick approached the practice with the view of exposing how this ‘therapy’ is offered in the UK. His ground-breaking reporting led to a greater awareness of the practice and its prevalence despite the fact that it’s been banned by the main accreditation agencies.”He continued, “Our second speaker turned to his Church pastor when he was in his twenties and in need of reassurance and support towards his sexuality. Instead he was subjected to two years of ‘corrective therapy’ which left a profound effect on his life.”The issue of corrective therapy has been the cause of much controversy this term, after it emerged that Exeter College was to host an event run by Christian Concern, a group which advocates such therapy.Owen Alun John, an LMH undergraduate behind the event, was confident that the discussion would “give a voice to some who haven’t spoken yet – ordinary gay people who’ve been through this, first-hand.” He added that he hoped the event had exposed “what this practice really involves – the exploitation of vulnerable people by reinforcing negative feelings towards their sexuality.”Alun John explained the “aim” behind the event as a desire to “debunk the corrective therapy myth by offering a unique opportunity to hear directly from two men who’ve been through it.” He also noted that it had the full support of all members of the college, stating, “The event had unanimous support in college, from the Principal herself through to ordinary JCR and MCR members.”He continued, “We’ve heard a lot in the University and national media recently from those who promote and practice this discredited ‘therapy;’ they’ve shared their pseudoscience and outright lies about how this practice is a great thing, has no harmful effects, and is just what many lonely and closeted gay Christians need.”He concluded, “This ‘therapy’ doesn’t make you happy or healthy, and as the Royal College of Psychiatrists has held, it is a “deeply damaging” experience with “no evidence of success””.Caspar Bullock, a first year student at LMH, described the event as a “fascinating” and “much needed discussion,” adding, “It’s great that LMH have been able to host such an event and have welcomed two speakers who both shared very personal experiences.”The event was funded by LMH JCR and SCR following a unanimous decision in favour of the motion during last week’s JCR meeting.last_img read more

MEET MEMBERS OF THE CHANNEL 44 WEEKEND NEWS TEAM

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first_imgFacebookTwitterCopy LinkEmailShare Heather Good is a native of Indiana and joins WEVV from Champaign, IL where she anchored and reported at WICD-TV.44News-fb-profile-heatherHeather says “I am really excited to move back to Indiana, my home, and to explore a new part of the state. The area is beautiful. I am eager to get involved in the community, especially with organizations helping animals.”Heather graduated from the University of Indianapolis with a Bachelor’s Degree in Communications with an emphasis in Electronic Media, and a Minor in Political Science.last_img read more