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Stock market crash: Is now the right time to buy crashing UK shares like Carnival, IAG, and TUI?

first_imgSimply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Matthew Dumigan | Sunday, 16th August, 2020 | More on: CCL IAG TUI Stock market crash: Is now the right time to buy crashing UK shares like Carnival, IAG, and TUI? Our 6 ‘Best Buys Now’ Shares Matthew Dumigan  owns shares of Carnival and International Consolidated Airlines Group SA. The Motley Fool UK has recommended Carnival. 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. “This Stock Could Be Like Buying Amazon in 1997”center_img The stock market crash has taken its toll on many UK shares, particularly those in the travel industry. Companies such as Carnival (LSE: CCL), IAG (LSE: IAG), and TUI (LSE: TUI) have been among the hardest hit and it’s clear to see why. But could now be the right time to buy these stocks in order to realise bumper returns down the line?Crashing UK sharesWaiting for the right time to buy crashing UK shares could be likened to trying to catch a falling knife. Nobody knows when these companies’ share prices will bottom out, if at all, making them extremely risky investments.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…Since the beginning of 2020, all three have watched their share prices plummet. Carnival comes out the worst off, with a 70% drop. IAG closely follows with a 69% fall, then TUI with 67%. Judging by those figures, you could be tempted to think that the only way forward is up.Nevertheless, fresh panic was caused at the end of last week by the UK’s announcement to add France, the Netherlands, and Malta, among other countries, to its quarantine list, prompting a further sell-off. It seems there are no limits as to how far their respective share prices can fall.Moreover, the prospect of bankruptcy now remains an ever-present threat looming over each of these companies. In order to stay afloat, many businesses in the travel industry will have no option but to tap into government support. Combine this with a gloomy economic forecast and the future outlook appears as bleak as can be. But is there any hope for these companies?An end in sightAs losses continue to mount for cruise ship operator Carnival, it’s becoming harder to envisage a happy ending. The industry giant was forced to cancel all operations until November and only a slow return to certain cruises will go ahead. A glimmer of hope comes from the high volume of rescheduled bookings, but, if successful, the road to recovery will be a long and arduous one.While IAG continues to bleed cash, the company doesn’t expect air travel demand to recover until 2023. With operations grinding to a halt, the company’s cash reserves have been tested. That said, IAG has a stronger liquidity position than most of its peers, which could be pivotal in ensuring survival. In my eyes, the recent proposed capital raise seems necessary, even at the cost of diluting current shareholders.With TUI on the brink of collapse, the company has been left to scramble for extra funding. With 2020 bookings down 81% and average selling prices 10% lower, the summer period has been utterly dismal. However, customers who have written off this year look set to return in big numbers for 2021. Bookings for next summer are up 145% and prices are higher too.The final verdictUltimately, for those companies able to weather the storm, it’s likely that their competitive position could be strengthened. This would be as a result of the damage caused to rivals. As such, for those prepared to hold for the long term, each of these shares could turn out to be a lucrative investment opportunity. That said, those looking for a safer play would do well to avoid these crashing UK shares and look elsewhere for buying opportunities. 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. See all posts by Matthew Dumigan 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. 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. Image source: Getty Images last_img read more

Daisy House / IZ Architects

first_img Photographs ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/931200/daisy-house-iz-architects Clipboard Houses CopyAbout this officeIZ ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookVietnamPublished on January 02, 2020Cite: “Daisy House / IZ Architects” 02 Jan 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialMetal PanelsDri-DesignMetal Panels – CopperIn architectureSikaBuilding Envelope SystemsExterior DeckingLunawoodThermowood DeckingMembranesEffisusFaçade Protection – Breather+Metal PanelsPure + FreeFormCustom Metal Cladding – Legacy Fund 1 BuildingWood Boards / HPL PanelsInvestwoodWood Fiber Partition Walls – ValchromatDoorsLinvisibileLinvisibile FILO 10 Vertical Pivot Door | BrezzaSkylightsFAKROEnergy-efficient roof window FTT ThermoToilets / BidetsBritexToilets – Accessible Centurion PanMore products »Save想阅读文章的中文版本吗?岘港雏菊小屋 / IZ Architects是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream CopyHouses•Vietnam Photographs:  NguyenCuong Manufacturers Brands with products used in this architecture project 2019 Area:  60 m² Year Completion year of this architecture project Daisy House / IZ Architects ArchDaily “COPY” Manufacturers: Hafele, Jotun, Caesar, Janmi, MPEArchitects In Charge:Le Vinh, Nguyen Cuong, Huynh Cong HuuCountry:VietnamMore SpecsLess SpecsSave this picture!© NguyenCuongRecommended ProductsWoodLunawoodThermo Timber and Industrial ThermowoodWoodEGGERWood-based materials in EGGER HeadquartersDoorsSaliceSliding Door System – Slider S20DoorsSky-FrameInsulated Sliding Doors – Sky-Frame ArcText description provided by the architects. Inspired by the hobby of the owner of the house- a woman who loves daisy and wants to see it every time she wakes up in her house, the image and color of this flower is metaphorically designed and arranged in both the overall and the details of the house. With a small area and slanted layout, the house must be maximized as this will make the space of the house become maximized too and thus create a more spacious feeling.Save this picture!© NguyenCuongBesides, when an open space is created, all rooms in the house will be connected by two terraces occupying 1/3 of the house area. This space, combined with green trees, is extremely valuable as it will play the role of a natural lung that works continuously throughout the day.Save this picture!© NguyenCuongSave this picture!Ground floor planSave this picture!© NguyenCuongThe harsh climatic condition of Central Vietnam presents the challenge of maximizing light exposure but limiting the temperature it produces. To solve this problem, in addition to the use of rough materials, neutral colors, the house is also arranged with small doorways surrounded with green trees that make it look like a large air-conditioning box.Save this picture!© NguyenCuongSave this picture!© NguyenCuongYou will be extremely surprised when living in this house because of its energy saving. All the things that nature offers people such as sunshine, wind, trees are included in the design so that the owner can enjoy themin the most reasonable and comfortable way.Save this picture!© NguyenCuongProject gallerySee allShow lessCurial Housing / PETITDIDIERPRIOUX ArchitectsSelected ProjectsDragon Mountain Landmark Pavilion / Aurelien ChenSelected Projects Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/931200/daisy-house-iz-architects Clipboard Architects: IZ Architects Area Area of this architecture project Year:  Vietnam Projects “COPY” Daisy House / IZ ArchitectsSave this projectSaveDaisy House / IZ ArchitectsSave this picture!© NguyenCuong+ 37Curated by Paula Pintos Sharelast_img read more

Protest turns to panic

first_imgby Bernie EnglishSign up for the weekly Limerick Post newsletter Sign Up [email protected] screamed and parents watched in horror as a man drove into a Limerick protest, hitting one of the protestors with his car.Ironically, the protest was to highlight the dangers to children from drivers who break the lights at Claughaun where pupils cross the road to St Brigid’s National School.MIke Murphy, a father of three from Oakwood, ended up on the bonnet of a car after the driver tried to get past the line of protesters.Parents had been blocking the crossing, letting cars through a few at a time.“We were walking back and forth across the road. The Gardaí said we were perfectly entitled to protest as long as we kept moving. Some cars were delayed then one driver moved onto the wrong side of the road, beeping his horn and continued on. I was in his path and ended up on the bonnet,” Mr Murphy told the Limerick Post.Mr Murphy, a first-aide trainer with the Red Cross, said his children, who were accompanying him became hysterical.“They were screaming and crying. There were people in that line pushing buggies and others had children with them”.Witnesses said the driver had two children in the car with him.The angry parents took to the streets to protest over an unconnected incident in which three young children had to be snatched to safety as a car broke the lights outside the school.Sharon Lenihan, one of the protest organisers, described how, in the earlier incident, a woman grabbed the children and managed to pull them to safety.“We’ve been asking for help here for years. Drivers in a hurry to get to work are constantly breaking the lights,” Ms Lenihan told the Limerick Post.Gardai confirmed that the incident during the protest is under investigation but no charges had been brought at time of going to press. Twitter TAGSfeaturedfull-imageMusic Limerickprotest Print Email #SaucySoul: Room 58 – ‘Hate To See You Leave’ WhatsApp Previous article‘spirestone’ set for Good Friday world premiere in LimerickNext articleWatergate woman wants out over safety concerns Staff Reporterhttp://www.limerickpost.ie Facebook NewsBreaking newsProtest turns to panicBy Staff Reporter – April 3, 2014 521 center_img Linkedin Celebrating a ground breaking year in music from Limerick #HearThis: New music and video from Limerick rapper Strange Boy Advertisement Emma Langford shortlisted for RTE Folk Award and playing a LIVE SHOW!!! this Saturday No vaccines in Limerick yet RELATED ARTICLESMORE FROM AUTHOR Walk in Covid testing available in Limerick from Saturday 10th April last_img read more

Donegal TD calls on government to reverse cuts to maternity leave payments

first_img RELATED ARTICLESMORE FROM AUTHOR Pinterest Further drop in people receiving PUP in Donegal Twitter Twitter Previous articleYoung Boy From Lifford Uses World’s First Interactive Ambulance ServiceNext articleDonegal based garda accused of sexually assaulting two female colleagues News Highland Donegal TD calls on government to reverse cuts to maternity leave payments WhatsApp Pinterest Facebook Facebook Google+center_img Gardai continue to investigate Kilmacrennan fire Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApp Google+ News 365 additional cases of Covid-19 in Republic 75 positive cases of Covid confirmed in North Man arrested on suspicion of drugs and criminal property offences in Derry By News Highland – October 30, 2013 Working mothers across Donegal are set to lose an average of around €3,300 during their maternity leave as a result of cuts introduced in the budgets for this year and next.That is according to Donegal Fianna Fáil Deputy Charlie McConalogue who has accused the Government of engaging in a targeted attack on working mothers.The Deputy says €70 million has been taken from maternity benefit in the last two budgets, through a new tax on the benefit this year and a cut in weekly payments next year:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/10/chas1pmMATER.mp3[/podcast]last_img read more

Southwest passengers on flight with deadly engine failure get money, travel vouchers

first_imgScott Olson/Getty Images(NEW YORK) — Some passengers on the Southwest Airlines flight that experienced a deadly engine failure this week told ABC News they received money and the promise of a travel voucher from the airline.Southwest Flight 1380 experienced engine failure about 20 minutes after takeoff Tuesday from New York City’s LaGuardia International Airport en route to Dallas Love Field. A woman who was partially sucked out of a window on the jet near the failed engine later died. In a letter to passengers obtained by ABC News, the airline offered sincere apologies as well as a $5,000 check and the promise of a $1,000 travel voucher. The letter also states that the airline’s primary focus now is to assist the passengers who were aboard the flight in every way possible.A Southwest Airlines official confirmed to ABC News that the letters were sent by the airline, but would not comment on the monetary gift. “Ours is a company and culture built on relationships,” the company said in a statement. “Many of the customers on that flight have flown with us before.”The National Transportation Safety Board and the Federal Aviation Administration are investigating Tuesday’s incident. Boeing said it is providing technical help to the investigation, with which Southwest Airlines is cooperating. Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Danica Patrick reflects on racing career before final Indy 500

first_imgMay 26, 2018 /Sports News – National Danica Patrick reflects on racing career before final Indy 500 Written by FacebookTwitterLinkedInEmailJared C. Tilton/Getty Images(NEW YORK) — Danica Patrick is gearing up for her last ride. The 37-year-old race car driver’s time behind the wheel will end after tomorrow’s Indy 500.“It’s been harder to come back to IndyCar than it was to leave and go do something else,” Patrick told Good Morning America.That “something else” was rewriting race car history. Patrick made headlines when she became the first woman to win a NASCAR Cup Series pole in 2013. That year, she set the fastest qualifying time for the Daytona 500, and she ultimately finished eighth, the highest finishing position ever for a woman.“You think that you know what you want, but you never know what differences along the way that will happen and lead you to an even better place,” Patrick said of her racing career. “There’s things that I still remember from the first Indy 500 I did that I apply to today.”Patrick’s life on the track has inspired young women around the world. But before she crosses the finish line on her racing career, GMA had Patrick take a trip down memory lane, reflect on her past and serve up some all-star advice.“If there’s a girl out there that wants to be the next Danica Patrick, I would say that your goals are wrong,” she said. “You should want to be the first you and not the next me.”Copyright © 2018, ABC Radio. All rights reserved.center_img Beau Lundlast_img read more

That’s The Alarm Bell You Are Hearing

first_imgThat’s The Alarm Bell You Are HearingBy CCO Statehouse Editor Gail Riecken John Krull, Publisher of The Statehouse File, clearly was alarmed about poverty in Indiana in his recent article, ‘Shouts Across the Great Divide’.He had just learned that almost half the people in Marion County (Indianapolis) are struggling to make ends meet. They are either below the poverty line ( 19% ) or above and struggling – the working poor (26%).Added together that brings the number of people to 45%, according to the ALICE Report, Asset Limited, Income Constrained – folks that don’t have the buying power in personal income for basic necessities.The numbers are about the same in Vanderburgh Co – 14% below the poverty line and 29% struggling to afford the basic necessities, a total of 43%.It doesn’t take Newton’s apple falling on our heads to understand we all, including policymakers, have a real challenge to do something different than what we are doing. Our communities can’t succeed with nearly half of the population on survival mode.Krull quotes The Indianapolis Business Journal: “the consequences to society of having a portion of the population consistently in poverty [are] – loss of productivity, increased crime rate, higher medical costs, greater rates of incarceration.”It’s time that our legislators move ahead on issues that affect working families, including policies like paid family and medical leave and increasing the minimum wage. We need to improve our education system statewide to help students get the good paying jobs, including model programs for incarcerated youth; we need to help families stay physically and mentally healthy. And yes, we need to protect the most vulnerable and that means solving the problems of the Department of Child Services (DCS).In Indiana, legislators have a chance every summer to address family-support issues. This summer there are two study committees on family issues. One is going to continue work on the criminal justice system, and another is set to begin work on restarting the troubled Department of Child Services.Ask your legislators to do everything they can to advance the issues that can help families exist the ALICE poverty numbers.John Krull is right to be alarmed.FacebookTwitterCopy LinkEmailSharelast_img read more

Comcast Cares Day Brings Volunteers to Clean Ocean City Beaches

first_imgRain and chilly weather did not deter the spirit of volunteerism – nor the volunteers themselves – as the 16th Annual Comcast Cares day brought dozens of community-minded people to our beaches on Saturday.Comcast Executive Producer Eileen Dolente shows the world that Comcast Cares about Ocean City, the environment, and our beaches.“Comcast Cares Day is simply the best day of the year for Comcast NBCUniversal,” said David Cohen, a company executive. “This day has become an annual tradition for tens of thousands of our employees, their friends and families …as we join together to make change happen in our communities and celebrate our company culture of caring year round.”The annual event includes community improvement projects throughout Comcast NBCUniversal’s service area. Ocean City was designated as one of the areas to be helped, and several dozen volunteers showed up at the 9th and Boardwalk Pavilion with gloves and trash bags in hand.Officers Jennifer Elias and Chris Vivarelli of the Ocean City Police Department were on hand to assist at their adopted beach with volunteers from Comcast Cares Day.  Pictured: Melissa Downs, Officer Jennifer Elias, Kaileigh Downs, Pat Iuliucci, Michael Downs, and Office Chis Vivarelli.The event was part of what Comcast calls “Clean Ocean Action Beach Sweeps” in which volunteers fan out on local beaches and help the towns and cities clean up the winter tides’ effect. They scoured the beach and collected trash and debris and enjoyed each others’ company and that of the local Ocean City folks who joined in to help and stopped to chat.Sean Wills, Ethan Wills (2) and Jenna Pennington from Trevose, Pa were part of the Comcast volunteer team.By the time the event was over, Ocean City’s award-winning beach looked even better and the volunteers felt great about reaching out to improve the quality of life in the community they serve.This is just some of the trash that was removed from the beach. Matt Grande and son Jackson William Grande, age 7, were on hand to volunteer their time at the 16th Annual Comcast Cares Day beach sweep. Matt works for the NBC side of Comcast in NYC. He owns a second home in OCNJ, so they were extra excited to help out. last_img read more

Speech: Charities and the power of place: the Commission’s new strategy and what it means for community foundations.

first_imgBeeston was a great place for me to grow up in, it gave me so much. I credit my family and the spirit of my Rylands community with instilling in me the attitudes and determination I’ve relied on to succeed since I left.What saddens me is the lack of wide-spread recognition among highly-qualified policy-makers and power-brokers that sharing and demonstrating those attitudes – regardless of status or qualifications – is the main ingredient for achieving and extending all forms of success.There’s a rich, untapped human-resource in local communities that has the potential to do great things given the power and the opportunity.I’ve now lived in London for many years and I have seen other cases of parallel universes coexisting within small areas – different, divided worlds on one street, or within one small area.I’ve learnt over the years that community, connection and identity do not always arise spontaneously from place, to transcend differences of class, wealth, education, religion, and outlook.That is even truer now, as many of us communicate more with strangers online than with the people who live alongside us, who walk the streets we walk, and breathe the air we breathe.Community of place requires conscious effort, and hard work.And charitable behaviour and endeavour has a crucial potential, and a crucial responsibility here. Charitable endeavour such as that nurtured by you, by community foundations.As you will know first-hand, when charity fulfills its potential, its benefits extend beyond the people in formal receipt of a charity’s services. Profound though the difference is that charities can make in improving, transforming, enriching individual lives.But at its best, charity does much more: it acts as a glue of goodwill that helps us do selfless, difficult things, and that enables us to see the good in others. Including sometimes in individuals or groups we may otherwise have little in common with.Charity helps forge and sustain communities.I have mentioned that a sense of place is profoundly important to many people’s relationship with charity.We know this because of extensive work the Commission undertook over the summer to research and analyse public attitudes to charity, as we developed our new strategy.We wanted to know how people relate to charity – what it is they associate with charity, and what that means for their expectations of charitable organisations.And we found that many people – a large segment of the public – see the value of charity precisely in its ability to enable community. To enhance, organise, maximise the things that they already do and that they value in others: modest acts of personal decency and kindness that make for a good neighbour, a good citizen, a good person.They see charity as being primarily about place, about locality, and about voluntary effort: I am delighted to be here, and I would like to thank UK Community Foundations for inviting me to say a few words.The theme of today’s symposium, as you know, is “the power of place”.I welcome this. My own sense of place means a lot to me personally. It has shaped me, informed my attitude and outlook – including how I feel about the world of charity in which I’m now so closely involved.And, as I will come onto: community, locality, place: these concepts are absolutely central to the way many people relate to charity and charitable endeavour.And it is, I believe, vital that we understand what this means, and why it matters. I want charity – I want your charities – to succeed.Precisely because the divides in our society and our communities that I have spoken about won’t dissolve of their own accord.If charities like yours don’t continue to have the support and the ability to build and sustain strong communities of place in society, it’s not just individuals like Celia whose lives will be affected. Or neighbourhoods like the one I grew up in that will suffer.I believe that the very strength of our society, and indeed of our democracy, depends on people from different walks of life having the opportunity to come together, talk to each other, take each other seriously, and work together towards shared aims.That’s why I will measure my success as Chair of the Charity Commission against the purpose we have set – ensuring charity can thrive and inspire trust so that people can improve lives and strengthen society.And I hope all of you will support me in this endeavour.Thank you Their perspective on charities as organisations is shaped by that.They expect charity to make a difference they can see, and to be driven in every respect by the altruism, selflessness and kindness that motivates them when they support others.This is what leads them to believe that charities must be held to a higher standard of conduct and attitude than other kinds of organisation.Because charities are supposed to be the expression of the best in us, they are expected to behave as we behave when we’re at our best.Incidentally, this expectation of good behaviour is shared by the public across the board. It’s not limited to those who see charity primarily in terms of local action.But different groups of people arrive at that conclusion for different reasons, with different attitudes and perceptions.And I think it is profoundly important for charities to understand this. To listen to people – the people they exist to support and those on whose support they rely.My worry is that, at the moment, charities collectively are not reaching their potential in our society and our communities, because they are not always meeting shared public expectations. Precisely because they don’t understand where those expectations come from.Too often, charity leaders think of public trust in terms of a PR exercise: if we tell the public enough about how great we are, they’ll trust us, and if they don’t trust us, it’s because the public don’t get us – and so we need to talk more.I believe that those in positions of power – and that absolutely includes you in this room – have a crucial responsibility to listen to people and to act on what you hear.When it comes to charity, we know that public expectations are not complicated, they are not unreasonable.What the public expect is that charity means something, amounts to something more than just a laudable aim.The public do not accept that charitable purposes justify uncharitable behaviour. People expect a charity to behave charitably. They expect charitable behaviour, attitude and ethos to run through everything a charity does and says.And when they see behaviour and attitudes that are at odds with charity, they feel betrayed.I’m not just talking about the big scandals in big charities here. This is not just about exploitation and abuse in aid organisations, or unethical behaviour by those involved in large scale fundraising.All charities, including those operating at the micro level have a responsibility to uphold the concept of charity and demonstrate the behaviour that people associate with charity.Selflessness, probity, and an indefatigable commitment to the purpose you exist to promote.Now, it is not by coincidence that my first significant speaking engagement since launching the Commission’s new strategy a few weeks ago is here with you, with the family of community foundations.Our new strategy sets a clear, positive purpose for the Commission: under my leadership, the Commission will work to ensure charity can thrive and inspire trust so that people can improve lives and strengthen society.We will continue to fulfil our statutory functions. Registering charities, investigating them, providing legal permissions. And so on.But everything we do from now on will be informed by our purpose – to help charity thrive.I know that I am among a group of people here who dedicate their working lives, not just to a charitable cause, but to the very flourishing of charity in the geographical areas you serve.To building and maintaining the sort of environment, the sort of community that I benefited from.And to breaking down the barriers that, even in a place like Beeston, have in the past divided people by background, education and outlook.Community foundations and the Commission already work together on a project designed to maximise the benefit of charity in society.Supported by a grant from the Department for Digital, Culture, Media and Sport, we are working with UKCF to help release and revitalise between £10m and £20m a year in dormant and underused charitable funds over the next two years.We are working to help ensure that funds already available to the charitable sector, already within the charitable pot, are used to best effect around the country.It is not acceptable to me, and I know will feel like sacrilege to you, that there are charities sitting on monies they are unable, for whatever reason, to put to effective use.So this project is about helping encourage trustees of charities that are spending too small a proportion of their income on charitable activities, to work with us, and with you, to pass those funds to community foundations, in whatever way they are comfortable with.The work is not easy, or straightforward. It’s complicated legally, and achieving our aims will require patience, sweat, and persistence.I am confident that it will be worth it in the end. Not least because it will be a real, tangible demonstration of what we can achieve, the Commission and charities together, when we each fulfill our responsibilities for ensuring charity can thrive.As the Commission has made clear in our new strategy document – we believe all charities share in a responsibility to ensure charity inspires trust, and can thrive.And I say that community foundations carry an especially important responsibility, precisely because of your reach into communities, and into the lives of people who so rely on the support and help of others.If places are powerful, as the theme of this symposium suggests, then you are leaders and drivers of that power, of that potential.Your power arises in part from your proximity at once to the most vulnerable in your communities, and to those within them most able to address those needs. Notably because of their financial means.So you can – and I hope in many cases already do – play a role in holding the projects and people you work with to the highest standards.To help ensure that those involved in causes you support behave in ways that prove to the wider community that charity does reflect the best in us.I have taken great joy in looking into the work that your charities do, and at the successes you have had.The facts and figures alone tell of your reach: £77 million in grants made across the network in a year. Over four and a half million people touched by the work of community foundations. And a total distribution across community foundations of a staggering £1 billion.But it’s the individual stories that best illustrate to me the role that community foundations can play in the lives of people and in communities.For example the story of Celia, a mother, whose home was devastated in the floods that affected part of Cumbria in 2016. The community foundation for Cumbria provided emergency relief to those affected by the storms, and that included Celia and her family.You can hear her story in a video published on the UKCF website. In that interview, she reflects on the help she received and what it meant for her at the time. And makes clear just how important it was that decisions about how to spend the monies available, about what to do, were made locally, and with the involvement of local people.She clearly feels that she, and people like her were heard. Their needs were taken seriously, and responded to by those with power. More to the point, all this made her feel that the power to decide what was best for her local area, was shared with people like her.I was struck by this, because it demonstrates that listening to people, learning from them and responding to their needs is not just a nice thing to do. It makes for better, more effective, more impactful charity.So I hope that, when you and the projects you support disburse the funds made available through our joint project, you keep in mind the power of charities to build bridges.To provide much needed power and control to communities to make decisions which affect them directly.That you recognise the power of charities in how they operate can bring about the kind of change and make the difference that is currently lacking and people need to see and feel.center_img Here’s my story:I grew up in a place called Beeston Rylands, near Nottingham. It is small, and literally contained: bordered on one side by a railway line, and on the other by a river.When I was growing up, Beeston Rylands was, in part because of its topography, a tight community.People – people like my parents – took responsibility for our patch of earth. And for each other. There was a sense of civic pride.I probably first recognised this fully – as is often the case – once I had left. As a very young woman, I moved from Beeston to begin my career in London. I came to miss my community and the solidarity and support I had felt growing up.But moving away also granted me a new perspective on the place I thought I knew so well.One episode best demonstrates this: Two years ago, I was awarded an honorary doctorate from the University of Nottingham. I was very proud to receive it, as were my parents who attended the ceremony.It took place in a grand hall at the University campus. That campus is located in Beeston, and has been for many decades – since the early 20th century. And yet my parents and I had never, until that day, passed through its gates. Nor had many of the people I knew growing up in Beeston.The university was there, we knew it was, but we didn’t acknowledge it. Nor it us. It wasn’t part of our world.And when I think back on the people I grew up with – their potential, so often unmet; their intelligence and drive – so often ignored, I feel frustrated. Helping a neighbour who is in need Taking responsibility for improving the area you live in Participating in collective endeavours, in community projects Generally volunteering for the greater good.last_img read more

£600k loan helps Sugden move to new factory

first_imgMuffin machinery manufacturer Sugden is expanding into new premises with the help of a £600,000 loan from Lancashire Rosebud Finance.Sugden, which creates English muffin-making machines for export markets around the world, will move from its current factory in Barrowford, Lancashire, to a purpose-built 35,000 sq ft unit at the nearby Pendle Court development alongside the M65. The move is expected to create 10 new jobs.Sugden was acquired by Chris Baldwin of Baldwin Technical Services in 2014 with the help of a Rosebud Loan, following the death of its co-founder. The group now employs more than 60 staff at the Sugden factory and at Baldwin’s site in Heywood.The new premises will provide additional space for Sugden and will act as group headquarters.“Without the financial help from Rosebud, the move to the new site for Sugden would be delayed by at least two years, which would have compromised further orders that are in the pipeline from all over the world,” said Chris Baldwin, managing director at Sugden.“We need the space and flexibility that the new site will bring to our company. We would like to thank Rosebud and RBS for their continuing support.”last_img read more