Multiple ISBs defy crisis with rise in core goods

first_imgSupermarket in-store bakeries have bucked the recession with sales up by nearly 5% in the past year, as shoppers search out fresh affordable products.According to IRI research, commissioned by Bakehouse, sales of core ISB categories grew by 4.8% in the 52 weeks ending 5 September, compared to the previous year, to reach £1bn. Star performers in the sector included: rolls, with sales growth of 9% to reach £239m; muffins, up 21% to over £52.5m; and Danish pastries, up 10% to £45m.The only categories in the sector that didn’t see an increase in sales were: bagels (-8%); cookies (-3%); and traybakes (-6%).”People still want to treat themselves during the tough economic times and the in-store bakery is a nice way of doing that,” said Bakehouse brand manager Claire Warren.”You get that sweet shop experience with loose products and the aroma of baking bread. Shoppers are looking for fresh, affordable, handmade products and ISBs tick all these boxes.”last_img read more

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Norwegian oil fund re-instates investment ban on Israeli construction firms

first_imgNorway’s Government Pension Fund Global (GPFG) has excluded three companies from its investment universe, including two Israeli firms only re-admitted in August last year.The move to blacklist Israel’s Danya Cebus and Africa Israel Investments, previously excluded over their involvement in construction work in the West Bank, came as the Norwegian Ministry of Finance said it would also bar the nearly NOK5.1trn (€606bn) sovereign wealth fund from owning North Korean, Syrian and Iranian government debt.The ministry said the decision to bar the two Israeli companies came after the fund’s Council of Ethics was informed that Danya Cebus – a listed subsidiary of Africa Israel Investments – was now undertaking construction work on settlements in East Jerusalem.The Council recommended in November last year that both companies be divested once more, as there was a risk they were “contributing to serious violations of the rights of individuals in situations of war or conflict”. The decision comes only weeks after Dutch pension manager PGGM sold its shares in five Israeli banks over their involvement in settlement activities, causing the Israeli government to summon the country’s Dutch ambassador to explain the move.Additionally, the GPFG will also blacklist mining company Sesa Sterlite after Vedanta Resources, excluded in 2007, gained a controlling interest in the Indian firm.The Council’s recommendation said Vedanta’s exclusion should be maintained, and that Sesa should be added to the list of barred companies over the “unacceptable risk of the company being responsible for severe environmental damage and systematic human rights violations”.The Finance Ministry has also decided to allow the fund to invest in sovereign and government-backed bonds issued by Myanmar.In a statement, it stressed that the oil fund was not to be viewed as an instrument of foreign policy and that it only barred sovereign bond investments in exceptional circumstances.“The Ministry of Finance, in consultation with the Ministry of Foreign Affairs, has made such an assessment and concluded that the exemption should no longer apply to Myanmar, but that North Korea, Syria and Iran should now be covered by the exemption,” it said.As of the end of 2012, the GPFG had no fixed income exposure to any of the three newly banned countries.,WebsitesWe are not responsible for the content of external sitesLink to the recommendations by the Council of Ethicslast_img read more

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Olympics president talks at USC

first_imgIn the midst of the athletic department’s yearlong celebration of USC’s Olympic successes, International Olympic Committee President Jacques Rogge spoke Wednesday at Town & Gown as part of Annenberg’s Sports and Social Change Speaker Series.Sporting events · Alan Abrahamson, a professor of journalism who covered the 1984 Summer Olympics, asked International Olympic President Jacques Rogge about the economic impact of the Olympics on host cities. – Matthew Wunderlich | Daily TrojanThe discussion, hosted by Alan Abrahamson, a professor of journalism, covered a variety of topics, including the 1984 Summer Olympics, held in Los Angeles, and focused on the Los Angeles Memorial Coliseum.“The 1984 Olympics left a tremendous legacy for this city,” Rogge said.Because Italian Premier Mario Monti had ended Rome’s bid for the 2020 Summer Games because of financial concerns on Tuesday, the conversation turned quickly to the sustainability of the Olympic ideal and the impact of real-world incidents on the Games.“Sport is not in a vacuum,” Rogge said. “Sport is part of society.”Scott Blackmun, CEO of the United States Olympic Committee, also spoke at the event and highlighted the financial and logistical difficulty of hosting the Olympic Games on U.S. soil, stating the USOC was hesitant to submit a bid for the 2022 Winter Games.“So much of the process depends on the [surrounding] circumstances, including support in Washington, D.C. … and the mood of the nation,” Blackmun said.USC — which has had 393 total athletes associated with the university compete in the Games — and Southern California are intrinsically tied to the Games, Abrahamson said.“There’s something special about Southern California,; it’s the weather — it’s great training conditions,” Abrahamson said. “[And] of course USC is a fantastic world-class university that has some world-class coaches and thinkers. Who wouldn’t want to be here?”USC’s 258 combined Olympic medals — 122 of which are gold — would rank USC No. 18 among countries if the university competed as a country. Many of those medals have come as a result of the USC men’s and women’s swimming and diving team, coached by Dave Salo.“It’s unwritten law that [this team is] not just a collegiate program; we’re responsible for training athletes for the Olympic Games,” Salo said.Salo, who will serve as an assistant coach for the women’s swim team at the 2012 Olympics in London, has seen support from the athletic department and the administration.“USC really supports our presence on the Olympic team,” Salo said. “It’s very important to USC. [Athletic Director] Pat Haden has clearly demonstrated that we want to celebrate our Olympic heritage and that we want our coaches, whatever sport, on Olympic staffs.”Swimmer Rebecca Soni, who medaled three times — one gold, two silver — at the 2008 Olympics while still a student at USC, is now part of Salo’s extended graduate program, which combines with the undergraduate program to give USC “one of the world’s greatest swim programs,” according to Abrahamson.Kevin Rutkowski, a junior majoring in political science and theater, said USC’s persona encourages the success the school’s alumni have seen at the Olympics.“We have the resources available and the drive to compete [at USC],” Rutkowski said. “We do our best to balance sports and academics and we all try to excel in all fields, which attracts better athletes.”last_img read more

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Which BiH Football Player is targeted by European Clubs?

first_imgThe striker of FC Krupa Elvir Koljić is targeted by famous European clubs Ajax, Anderlecht, Genk and Standard.As of this season, FC Krupa is in the Premiere League of BiH and in seven rounds they played this team achieved significant results. Enormous credits for those results go to Elvir Koljić, leading scorer of the league with seven scored goals in seven played rounds. His team recorded three victories, two ties and two defeats, ending on the fourth place with 11 points when the break started.Koljić performed in every match of FC Krupa this season. At the opening of the championship, he scored a point for his team by scoring a goal against Mladost DK. In the second round Krupa was a guest of Metalleghe, and Koljić scored the first goal in the victory of Krupa with the result of 2:0. The amazing striker continued terrorizing the opposing defenses, so in the third round he scored two goals against Radnik in a match that ended with the result of 2:2. Koljić scored one goal in the match that Krupa lost to Sarajevo on the Koševo stadium with a result of 3:2.Koljić scored two more goals for Krupa in the historical victory against Olimpic in the fifth round with a result of 2:0. He scored no goals in matches against Široki Brijeg and Sloboda, but that did not diminish his success.Koljić is 21 years old and his current market value is estimated to 175.000 EUR according to Transfermarkt. He is bound to Krupa by contract until June 30, 2017. Without a doubt, this young striker will find his way to Europe.(Source: klix.ba)last_img read more

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