Katarina Line presents the new Black Swan cruiser

first_imgAs is already a tradition every year, this season the Opatija agency Katarina Line presents new ships in its fleet.First, at the beginning of the month, a new luxury mini cruiser DELUXE SUPERIOR category was presented, 47,2 meters long and 8,6 meters wide, which provides comfortable accommodation for 36 passengers in 19 modern double cabins, and in two days (Saturday, May 26, 2018). ) the new cruiser joins a fleet of almost 60 ships.It is one of the most luxurious ships of Katarina Line fleet, Black Swan, mini cruiser Deluxe Superior category, which follows the latest world trends in design and manufacturing technology, and has accommodation for 36 passengers in 18 cabins. The owners of this luxury vessel are members of the Grubiša family, with whom Katarina Line has been cooperating for many years”The Grubiša family successfully enriches the experience of our guests with day trips from Poreč on the legendary ship MONVI, while the mini cruiser Premium Superior category SEAGULL provides our guests with additional comfort in exploring the island and coast on seven-day cruises along the beautiful Adriatic Sea. points out Anamaria Hauptfeld Schweitzer, Head of the Cruise Department and adds that it is an interesting fact that the owner of the new ship is also an interior designer who participated in furnishing the interior of many ships from Krilo Jesenice and has now arranged her own ship.The Black Swan is the second in a series of 6 new ships to begin its voyage in the Katarina Line fleet in the 2018 season.last_img read more

BAE to sell Frimley site

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

NPRF sees bank portfolio grow by €4.5bn after AIB stake revalued

first_imgIn a statement sent to IPE, the Commission said: “Following this exercise, the AIB ordinary shares have been valued on a preliminary basis at €0.0126 cents per share, and the AIB preference shares have been valued at 100% of cost.”The 2013 price is a marked increase over the previous value of €0.0079 per share, an estimate drawn up by Goodbody Corporate Finance for the fund’s 2012 annual report.The NPRF’s stake in BOI, accounting at year-end for just over 14% of voting rights, was valued at €1.1bn, in line with the bank’s market price at the end of December.The Commission was keen to highlight that the government was close to breaking even on its support of BOI, noting that the initial investment of €4.7bn had so far yielded €4.2bn in cash repayments.Including the remaining shares, the total income and value from the bailout stood at €5.4bn, resulting in a €700m gain for the exchequer.However, due to the decline in value of the AIB shareholdings, down €2.2bn at the end of 2013, and a lack of cash realised from sales of preferences shares, the state still stands to lose 26% from its support of both banks.The fund’s remaining €6.8bn, held in the discretionary portfolio and earmarked for domestic investment once the Ireland Strategic Investment Fund is launched, returned more than 6% in 2013.At the end of December, the directed portfolio consisted of €1.1bn in BOI shares, €10bn in AIB shares and €1.9bn in cash holdings.Including the €6.8bn discretionary portfolio, the NPRF managed assets worth nearly €20bn.For more on the Irish pension system, see the February issue of IPE Ireland’s National Pensions Reserve Fund (NPRF) has reassessed the value of its 99% stake in Allied Irish Banks (AIB), contributing to a €4.5bn year-on-year increase in its bank holdings.The fund’s directed portfolio was earlier this week revealed to be worth €13.1bn, up from €8.6bn in December 2012.Its holdings comprise both ordinary and preference shares in AIB, ordinary shares in Bank of Ireland (BOI) and cash from the proceeds of the sale of BOI preference shares – all acquired after the Irish government invested €20.7bn in both financial institutions during the financial crisis.As in previous years, the NPRF Commission independently valued its stake in AIB due to concerns the company’s 0.2% free float did not reflect the bank’s true value.last_img read more

Spanish funds continue climb with second-quarter return

first_imgBuoyant markets over the second quarter of 2019 allowed Spanish occupational pension fund returns to climb to 2.9% for the 12 months to 30 June 2019, according to the Investment and Pension Fund Association (Inverco).The figure compared to a 2.2% average return for the 12 months to 31 March 2019, and a 1.1% return for the 12 months to end-June 2018. The second-quarter figures brought the average annualised returns for Spanish occupational funds to 2.9% for the three years to end-June 2019, and 2.8% for the five-year period.However, David Cienfuegos, head of investments for Spain at Willis Towers Watson, said Spain’s occupational pension funds were having to adjust to a new world, characterised by the dramatic plunge in yield from 10-year Spanish bonds – now 20-30 basis points – over the past couple of months, bringing them into line with global bond yields. Cienfuegos said: “Recent market developments have triggered the need for occupational schemes to reassess their overall asset allocation. Those schemes with strong governance have been working on it over the past couple of years to be ready for a scenario like this one.”He said that, over the past nine months, the amount of global government and corporate bonds yielding negative returns had tripled: “So the investment universe for schemes with weaker governance will likely seem unsustainable, sooner rather than later.”EU 10-year government bond yieldsChart MakerCienfuegos observed: “So far, 2019 is starting to show who has done their homework, and who has been sitting around waiting for returns to continue more or less the same. A difference of up to 4-5% in annual returns between the best and average performers tells you the answer.”“We would expect pension funds [with] over half their portfolios in traditional fixed income to desperately look to improve return expectations and risk management”David Cienfuegos, Willis Towers WatsonInverco’s figures showed that, within Spanish pension funds as a whole, Spanish government bonds have now been overtaken by non-domestic equities as the largest single component in portfolios. The latter now make up 22.5% of assets, compared with 22.1% for government bonds.Other long-term shifts continued: the average fixed income allocation fell slightly over the second quarter to 47.3% of portfolios, while equities rose to 35.9%, as at end-June 2019.The average allocation to domestic securities at end-June 2019 remained stable at 53.7% of portfolios on average, compared with 33% in non-domestic assets.Cienfuegos said: “We would expect pension funds still accounting for over half their portfolios in traditional fixed income exposure to desperately look to improve return expectations and risk management, moving away from bonds and into alternative asset classes that could hopefully offer a more balanced risk-return profile.”In contrast, he said, the gradual transition for those schemes with advanced governance away from a dominant position in bonds and into alternatives allowed them to be better equipped for future market developments.According to Inverco, total assets under management for the Spanish occupational pensions sector at the end of June stood at €35.1bn, a slight increase on the end-March figure. The number of participants in the occupational system remained static at just under 2m. Further readingSpain: Reforms on hold Chronic political instability has turned attention away from pension reform while features of previous legislation have been undonelast_img read more

Asian Grilled Salmon Salad

first_imgFood & DiningLifestyle Asian Grilled Salmon Salad by: – January 25, 2012 Sharing is caring! Share Share Tweetcenter_img Share 48 Views   no discussions For a delicious and healthy dinner that’s ready and on the table in just 25 minutes, go this route. A simple homemade dressing adds a delicious twist to grilled salmon.Ingredients:4 6 – 8 ounces salmon fillets or steaks, cut 1 inch thick1 tablespoon garlic-flavored oil or olive oil1 teaspoon fennel seed, crushed1 head Bibb lettuce, separated into leaves1 medium tomato, cut into thin wedges1 cup enoki mushrooms (2 ounces)1 pound fresh asparagus spears1 recipe Asian Dressing (see recipe below)Directions:1. Snap off and discard woody bases from asparagus. Rinse fish; pat dry.2. Brush asparagus spears and both sides of salmon lightly with oil. Press fennel seed onto both sides of salmon.3. Place salmon on the greased rack of an uncovered grill directly over medium coals. Place asparagus on a piece of heavy foil on grill rack next to salmon. Grill for 8 to 12 minutes or until asparagus is tender and the fish begins to flake easily, turning once halfway through.4. Meanwhile, line 4 plates with lettuce leaves. Place salmon atop greens. Arrange asparagus, tomato wedges, and enoki mushrooms around salmon. Drizzle with Asian Dressing. Makes 4 servings.Asian DressingMakes: 4 servingsIngredients:1 tablespoon salad oil1 tablespoon rice vinegar1 tablespoon soy sauce1 teaspoon toasted sesame oil1/4 teaspoon sugar1/4 teaspoon grated gingerroot or 1/2 teaspoon chopped pickled gingerDirections:Asian Dressing: In a screw-top jar combine salad oil, rice vinegar, soy sauce, toasted sesame oil, sugar, and grated gingerroot or pickled ginger. Cover and shake well.Nutrition Facts (Asian Grilled Salmon Salad)Servings Per Recipe 4,Calories 255,Protein (gm) 28,Carbohydrate (gm) 7,Fat, total (gm) 13,Cholesterol (mg) 31,Saturated fat (gm) 2,Dietary Fiber, total (gm) 2,Vitamin A (RE) 144,Vitamin C (mg) 27,Sodium (mg) 368,Calcium (DV %) 40,Iron (DV %) 3,Percent Daily Values are based on a 2,000 calorie dietBetter Homes and Gardens Recipeslast_img read more

CSME moving ahead, says Barbados PM

first_img Share Share Tweet Prime Minister of Barbados, Freundel Stuart (L), as he chaired the Seventh Meeting of the Prime Ministerial Sub-Committee on the CARICOM Single Market and Economy. Also pictured are (from left to right) Advisor on Regional Integration – CARICOM Secretariat, Desiree Field-Ridley; Programme Manager CSME Unit Barbados, Ivor Carryl; and Programme Manager Macro-Economic Unit – CARICOM Secretariat, Evelyn Wayne. (A. Gaskin/BGIS)BRIDGETOWN, Barbados (BGIS) — The Caribbean Community needs to forge ahead with implementing the CARICOM Single Market and Economy (CSME). This was stated by Barbados Prime Minister Freundel Stuart, following the seventh meeting of the Prime Ministerial Sub-Committee on the CARICOM Single Market and Economy (CSME), which was held on Tuesday in Castries, St Lucia. Stuart chaired the meeting as lead Head with responsibility for the CSME. Speaking to reporters following the session, Stuart said leaders discussed the current progress with respect to implementing the measures that were agreed to under the CSME. He noted that, as a project, the CSME had been engaging the region for some time and he pointed out that in the context of global economic development there had been introspection, with heads of government trying “to come to grips with the challenges posed by the global economic downturn.“What came out of this meeting though, is a firm commitment to the CSME project, [and] it is conceded that we have some challenges to meet. We have not moved as quickly as we would have wished… There are some knotty problems which continue to bedevil us, but we must continue to wrestle them to the ground by doing some sensible prioritising.“It is also conceded of course, that ultimately, whether we succeed or not, or whether we are perceived to have succeeded or not, whether the average man or woman moving through the Caribbean is experiencing the benefits of what we are doing, we could talk as much as we like about the rights of establishment and the movement of capital and the movement of services, [but] if when the average Caribbean citizen comes to a port of entry he gets problems with an immigration officer, or, for that matter with a customs officer, if he has some kind of unpleasant experience, and that becomes the news, [then] the entire CSME project is indicted on that basis.”Against this background, the prime minister stressed that Caribbean nations had “to get down to the basics” of having the CSME meet the expectations of the average man and woman in the Caribbean, and, he stressed, “that is being recognised by the meeting”.Stuart gave the assurance that he would be emphasising the importance of the CSME and the issues that are affecting the region at the heads of government summit over the next few days. “That is what I will be accentuating…, “he added.The 33rd regular meeting of the Conference of Heads of Government of the Caribbean Community was due to commence in earnest on Wednesday.By Cathy LashleyCaribbean News Now Sharecenter_img NewsRegional CSME moving ahead, says Barbados PM by: – July 5, 2012 49 Views   no discussions Sharing is caring!last_img read more

Louis van Gaal hails Wayne Rooney after landmark goal

first_img Rooney moved ahead of Denis Law in the United scoring charts when he flicked Anthony Martial’s cross into the net to seal a much-needed 2-1 win over Swansea on Saturday. Rooney’s 238th goal for the club could not have come at a better time for his manager. Van Gaal’s team looked set to extend their rotten joyless run to nine matches after Gylfi Sigurdsson had equalised Anthony Martial’s opener. “It is amazing and that on the age of 30 years,” said Van Gaal, who was unaware of the feat until Rooney informed him after the final whistle. “Now we are playing much more matches but still it is an achievement. “For me, it is more important he scores today. I hope it is a fantastic starting point for the team and for him.” Van Gaal hopes this win will kick-start United’s season too. Had they failed to beat a struggling Swansea side, more questions would have been asked about the Dutchman’s future, particularly with Jose Mourinho and Pep Guardiola still on the market. The manager thought his players gave their all for him on Saturday. “All the players have done their utmost best and that is very important for the manager,” he said. There were a few boos at half-time when United failed to score in the first half for the ninth home game in succession, but despite registering only three shots on target and playing slowly, Van Gaal was happy with his team’s performance before the break. “I think the first half was a better half than the second,” he said. “The difference was we scored the goals and then everyone is saying the second half is better. The second half is better because we scored two fantastic goals but as a team our performance in the first half was better. We don’t give any chances away in the first half and we played with three defenders.” There was bad news for Van Gaal regarding Phil Jones, who had to be replaced at half-time with an ankle injury, but Ashley Young only came off because he was stiff, his manager said. Swansea could have nicked an equaliser right at the death when Fabianski came up for a corner and met Sigurdsson’s cross, but the goalkeeper headed inches wide. “It looked close. He reckons it was from the edge of the box when he headed it,” said Swansea caretaker manager Alan Curtis, who was disappointed to see his team leave with nothing. “When you equalise so late in a game you are hoping we could hang on, but it wasn’t to be,” he added. Press Association Louis van Gaal hailed the “amazing” Wayne Rooney after his deft backheel ended Manchester United’s eight-match winless run and made the striker the second-highest goal scorer in the club’s history. Van Gaal must have sensed the boos were coming for him after the final whistle. The 64-year-old thought otherwise, but his team were turgid and poor in the first period and despite an improvement after the break, it did not come as much of a surprise when Sigurdsson stooped and guided Modou Barrow’s cross over De Gea and into the net with 20 minutes left. Thankfully for the under-fire Dutchman, Rooney swivelled and beat Lukasz Fabianski with his left foot to convert Martial’s cross seven minutes later. “He scored a fantastic goal, with his left foot behind his right foot and you cannot imagine what a goal that is,” the United manager said. “It was a great goal.” Rooney passed Law’s landmark in the same week the Scot received a CBE in the Queen’s New Year Honour List for services to football and charity. United fans also revere the Scot, of course. There is a statue of him arm in arm with George Best and Sir Bobby Charlton – the other two members of United’s famed Holy Trinity – outside the East Stand of Old Trafford. Rooney’s form this term may not be fitting of a club hero, but on Saturday he dug his team out of the dirt when it mattered the most. The England captain has played 99 more times than Law so his strike-rate is poorer than the Scot’s, but Van Gaal insists nothing should detract from Rooney’s achievement. last_img read more

Leaps Off Stamford Bridge

first_imgEmenalo has been a key in the Chelsea machine under Roman Abramovich but has seen his role increasingly under pressure in an internal power struggle between Marina Granovskaia, a key Abramovich confidante, and Conte.Conte’s future beyond this season is by no means secure but the manager himself is not thought to be a reason for the Nigerian’s departure.Senior Blues sources said it was no surprise to them that Emenalo stood down as the former Notts County defender had made it clear to Chelsea as far back as the summer that he was considering his future and he is understood to want to spend some time with his family before making any decision over his next challenge.“This has been a very difficult decision to make, but one I believe is right for myself, my family and the club. I have had the privilege to work alongside some of the most talented people in the world of sport over the past 10 years, and I will depart incredibly proud of the achievements we have made. I wish Chelsea every success and look forward to following the club’s future triumphs from afar,” Emenalo said upon announcing the move.Conte remarked: “I am very sorry to see Michael leave Chelsea, and I would like to thank him for all his help and support since I arrived at this club. I have enjoyed working with him very much, we celebrated a Premier League title together in May, and I wish him the very best for the future.”Granovskaia said Emenalo would help Chelsea assess their future management structure.Granovskaia added: “We will now be reviewing our management structure, and Michael will be a part of that process as we look ahead.”Some have argued that Emenalo was used as a scapegoat at Chelsea, especially in the transfer dealings, even though the negotiations were left with Marina Granovskaia. Some signings didn’t work out but more often than not they did, and he was only recognised for his errors.Emenalo scouted players like Eden Hazard and Thibaut Courtois, but also was accused of allowing players like Kevin De Bruyne and Romelu Lukaku to leave the club. They are now flourishing at Manchester City and Manchester United respectively.Emenalo’s importance to Chelsea hasn’t been noticed by supporters of the club. Many of them just want the Nigerian out of the club but board members and specifically owner, Abramovich, thought very highly of him.It was an exit which will satisfy the ‘Emenalo Out’ brigade but one which will hit Abramovich hard. The Russian was an ally. It can take some doing to earn the trust of Abramovich but Emenalo had done that over the last decade.The two saw eye to eye and he was the only member of Chelsea’s executive team with previous playing experience and it remains to be seen whether a replacement will be brought in. Sources say an internal promotion is more likely, though these are big shoes to fill.With him working behind the scenes, the Blues were crowned Premier League champions three times. They won the FA Cup, the League Cup, the Europa League and the Champions League.He was also known to be frustrated at the sale of Romelu Lukaku to Everton in 2014 and Emenalo wanted to make up for it in the summer by bringing him back. Chelsea lost out on Lukaku to Manchester United, just as they missed out on John Stones to Manchester City.Now, the club has lost their own key player and Ligue 1 Monaco are set to snap him up. The Emenalo era is over.Should Emenalo wish to return to work anytime soon then Monaco are interested in his services as they look to solidify their place among France’s elite and as a perennial Champions League team. The sharp increase in Ligue 1 television revenue has allowed them to further invest in a club that raked in enormous transfer income last summer.Emenalo is one of a number of candidates that the principality club is looking at to strengthen and oversee their sporting infrastructure and that includes scouting and identifying talented youth players and channeling them into the first-team – something Emenalo has had immense success doing in west London.The lack of pathway from academy to first team at Stamford Bridge has been a significant issue for Abramovich, but Monaco are keen on young talent and are looking to create a similar sort of money-spinning model employed by FC Porto and Benfica where they develop and make profits on the continent’s best young players.It would be recalled that in 2013, Emenalo formally requested that his contract be terminated to facilitate the return of Jose Mourinho but his request for termination was denied.Followers of Nigerian football in the 1980’s will always remember Emenalo. He was part of the young Enugu Rangers side that narrowly lost the league in 1985 to the defunct Leventis United, parading players such as Okechukwu Ofeje, Kingsley Onye, Bennedict Ugwu and Amechi Otti, among others.In his quest for greener pastures, Emenalo moved to the United States, and played for Boston University from 1986 to 1989. From there, he played for Molenbeen in Belgium, Eintracht Trier in Germany, and Notts County FC in England before returning to the United States to be part of the original allocated players for Major League Soccer, where he spent two seasons with San Jose Clash. After that, he played with Lleida in Spain and Maccabi Tel Aviv in Israel.Nigerian soccer followers also remember Emenalo for his part in the country’s first stint at the FIFA World Cup in US ’94.His sojourn in football management started 10 years ago when former manager, Avram Grant was in charge of Chelsea in 2007 and brought him in as the chief scout. Three years later, he was promoted from chief scout to assistant first team coach and in 2011, Chelsea appointed Emenalo as Technical Director of the club. His responsibilities included heading the scouting and academy programmes.It remains to be seen where Emenalo’s next port of call would be, but with his achievement at Stamford Bridge, he would not be short of suitors.What they Say Chelsea FCEmenalo had “contributed to a period of unprecedented success for the first team and academy”.Chairman Bruce Buck“We are sorry to see him go but understand his desire to move on and explore new challenges,”Antonio Conte“I am very sorry to see Michael leave Chelsea, and I would like to thank him for all his help and support since I arrived at this club. I have enjoyed working with him very much, we celebrated a Premier League title together in May, and I wish him the very best for the future.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Only few have enjoyed the confidence of Chelsea owner, Roman Abramovich, like Michael Emenalo. He was his ears, and to a large extent, his eyes. Anytime Emenalo and Abramovich visit Chelsea’s training ground, the coach develops cold feet. Last Sunday, however, Emenalo shocked the football world by announcing his resignation as the Blues Technical Director, leaving more questions than answers, Kunle Adewale reportsLast Sunday, after Chelsea1-0 win over arch-rival, Manchester United, Michael Emenalo shocked the football world with his resignation as the team’s technical director, and ever since, analysts have been wondering what might have led to the unceremonious resignation of the former Nigerian international.Before Sunday’s game at Stamford Bridge, only the future of Chelsea’s Brazilian defender, David Luiz, was in doubt after a dismal performance in mid-week UEFA Champions League leading to Chelsea 3-0 drubbing by Roma and Antonio Conte justifiably dropped him from last Sunday’s game. But as it turned out, the focus should have been on the man in the blue Chelsea coat and smart suit (Emenalo) instead.last_img read more