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Alecta CEO Magnus BillingMichael Kjeller, head of asset management and sustainability at Folksam said: “Even in an extreme scenario where the share price fell to zero, we can observe that Folksam Life and Folksam Sak would remain financially stable and not have any need to change their investment policies.”Swedbank shares are currently trading at around SEK130, having fallen some 26% from around SEK175 at the beginning of this week.Kjeller added that Folksam – the second-largest shareholder in the bank with a 7% stake – had secured a total return of almost SEK18bn from its investment in Swedbank since it became a major shareholder in 2008. Of this, about SEK7bn was realised profits passed on to its customers.At the AGM, the bank elected Kerstin Hermansson as a new supervisory board member. Hermansson has previously worked as managing director at the Swedish Securities Dealers’ Association, a trade body.Alecta’s Billing said: “It is good that the nomination committee continues to work on strengthening the board. The election of Kerstin Hermansson today was a first step.” Meanwhile, fellow pension provider Folksam attempted to reassure its customers that the rapid fall in the bank’s share price would not affect the fund’s stability. Sweden’s biggest pension fund could call for a completely new supervisory board to be appointed for troubled financial services group Swedbank to help deal with recent money-laundering allegations.The SEK878bn (€84.4bn) Alecta which holds around 5% of Swedbank’s shares, said it was dissatisfied with the action taken by the bank’s existing supervisory board in response to reports that billions of krona were laundered through branches of Swedbank and Danske Bank.Commenting after Swedbank’s annual general meeting (AGM) yesterday, in which shareholders discussed the bank’s handling of the money-laundering scandal, Alecta’s chief executive Magnus Billing said: “I do not rule out calling an extraordinary meeting in the near future to get a new board in place.”Just hours before yesterday’s AGM, the Swedbank supervisory board sacked chief executive Birgitte Bonnesen and appointed current chief financial officer Anders Karlsson as acting president and chief executive until a permanent replacement was found.
There is about 200 sqm of balcony space front and back in the property. More from news02:37International architect Desmond Brooks selling luxury beach villa15 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoInside the generous bathroom. Burleigh Heads is a popular destination for interstate buyers and tourists.A MASSIVE waterfront apartment bigger than most housing blocks is the hottest Queensland property going under the hammer this weekend.Data released by realestate.com.au this morning found that a sprawling beachfront apartment in one of the hottest spots on the coast had generated the most views of all homes set for auction across Saturday and Sunday in the state.The three-bedroom, three-bathroom, double-car space apartment at 1/78 The Esplanade, Burleigh Heads, is about 400sq m and had generated strong enquiry levels ahead of Saturday’s 11am auction, according to agent Scott Wagner. “When you buy beachfront Burleigh, you have to accept the heritage-listed Norfolk pines (on the waterfront). It does create a different aspect to being hard up on the beachside.”He said the property appealed to those who wanted volume and proximity to bars and cafes.The property was protected from the extremes of coastal exposure by the heritage trees.It has around 200 sqm of outdoor balcony space across its front and back. Residents also have access to a pool. “It has been unquestionably well above the average number of people in inspections we’d expect,” he said. “Burleigh Heads is a hot spot at the moment so you expect it to be attractive.”“The square metreage is about the same size as the average house block. We’ve had strong interstate enquiry from people who are already beachfront so they understand the value of having greater volume.” FULL TIMETABLE & LINKS TO HOMES FOR AUCTION T HIS WEEKEND FASTEST SELLING COAST SUBURBS REVEALED 71 BRISBANE HOMES UP FOR AUCTION The property is 400 sqm all up. Inside the unit. The home brings outdoor inspiration inside. The sea beyond the pines. The unit boasts around 200 sqm of outdoor balcony space. Mr Wagner said the number of bidders expected on site tomorrow was “still an unknown quantity”.“With how competitive the Burleigh Heads market is a lot of people play it close to the chest. We’ll see what tomorrow brings.”Around 156 properties will go under the hammer this weekend across the state, according to REA lists, with 150 on Saturday and 6 on Sunday. Seventy one of those auctions will occur in Brisbane. FOLLOW SOPHIE FOSTER ON FACEBOOK
Brazilian oil company Petrobras has exercised a one-year extension of the contract for the BW Offshore-owned FPSO Cidade de São Mateus. BW Offshore said on Tuesday it will continue its dialogue with the client towards finalizing a firm plan for the FPSO while the unit remains in lay-up.To remind, the FPSO Cidade de São Mateus was in February 2015 involved in a gas explosion with fatal consequences while operating offshore Brazil.At the time of the accident, the unit was operated for Petrobras by BW Offshore on the Camarupim and Camarupim Norte fields in Espirito Santo littoral approximately 120 km from the coast in south-eastern Brazil. Nine of the 74 persons on-board lost their lives in the accident.Following the fatal incident, it took over a year to tow the damanged FPSO from the field to shore and it has been in lay-up ever since.BW signed an agreement with its insurers, with effective date December 22, 2016, for an early repair cost settlement of $250 million during January 2017. The amount was received in 2017.Offshore Energy Today Staff
Media Release SayNopeToDope NZ 28 July 2020The Say Nope To Dope campaign says that despite the sales pitch from the Drug Foundation that employers are overreacting and Andrew Little claiming that cannabis use is already ‘widely available’, employers have every reason to be concerned about attempts to legalise the recreational use of cannabis.In the US, marijuana legalisation has had serious ramifications for businesses. Increased marijuana availability and use has increased the number of employees testing positive for marijuana in the workforce.Marijuana is the most commonly detected substance and has the highest drug positivity rate among all other tested substances across the majority of industry sectors in the U.S. (Quest Diagnostics, 2017). Among the top-ranking industries for the highest rates of positive marijuana testing, transportation and warehousing was number one with 33.3%. Meanwhile the construction industry had an average of 26.7% positive marijuana testing (Quest Diagnostics, 2018).“Contrary to the Drug Foundation’s claims about Canada where legalisation has been only recent and good research not readily available on trends, in the three-year period following legalisation in Colorado and Washington, positive oral-fluid test results for marijuana use increased almost 75%, from 5.1% to 8.9%. Marijuana urine test results in Washington and Colorado are now double the national average,” says spokesperson Aaron Ironside.One in four marijuana users who are employed admit to getting high at work within the past year, according to a new survey of cannabis consumers in Washington, Oregon and Colorado, three states where recreational weed is legal. Workforce marijuana-positivity rates in all “legal” states but one (Alaska) are above the national average. For example, 2018 positivity rates in Maine (5.0%), Oregon (4.3%), Nevada (4.0%), Massachusetts (3.3%), Colorado (3.0%), California (2.5%), and Washington (2.4%) are higher than the national average (2.3%) (Quest Diagnostics, 2019). Most states that have legalised marijuana show an increasing trend in positivity rates.Insurance claims have become a growing concern among companies in US states that have legalised marijuana because if marijuana use is allowed or drug testing ignored, employers are at risk of liability claims when a marijuana-related injury or illness occurs onsite. Studies consistently show marijuana users have significantly lower levels of commitment to their work than non-users, and are absent more often. Even when controlling for alcohol use, pot users are 106% more likely to have missed at least one day of work in the last month because they “just didn’t want to be there.”Ironically, on the NZ Drug Foundation’s website, their fact sheet on driving while high says “For regular smokers, the news is worse. A new study shows that chronic, heavy users of cannabis are not, as one might think, less impaired due to higher tolerance but in fact may be constantly impaired – even for some weeks after ceasing altogether.” (our emphasis added)“Where there is more accessibility there will be an increase in use, whatever substance that is. When something is legal it is the ‘green’ light to use it with no consequences. This is why workplace drug testing acts as a deterrent from this unsafe behaviour.”
Stock Cars – 1. Ricky Thornton Jr.; 2. Chanse Hollatz; 3. George Fronsman; 4. Brendon LaBatte; 5. Andrew Burg; 6. Kevin Roberts; 7. Zachary Madrid; 8. Cody Center; 9. Sean Gentry; 10. George Fronsman Jr.; 11. Eric Lloyd; 12. Andrew Mathers; 13. Steve Soboski; 14. Darryn Werkmeister; 15. Craig Miller; 16. Wayne Clink; 17. Josh Werkmeister; 18. Arron Hetrick; 19. Raymond Doyle. Feature Results Modifieds – 1. Chaz Baca; 2. Ricky Thornton Jr.; 3. Collen Winebarger; 4. Ethan Dotson; 5. Tim Ward; 6. D.J. Shannon; 7. Alex Stanford; 8. Kollin Hibdon; 9. Jeff Taylor; 10. Kelsie Foley; 11. Zachary Madrid; 12. Bricen James; 13. Lance Mari; 14. John Hansen; 15. Casey Skyberg; 16. Drew Armstrong; 17. Grey Ferrando; 18. Ryan Roath; 19. Christy Barnett; 20. Bryson Curry; 21. Don Earven; 22. Marlyn Seidler; 23. Mark Carrell. Baca and Thornton, both two-time track champions at Arizona Speedway, started on the front row, with Baca just ahead when the first lap was scored. Defending tour champion Thornton was the leader on lap two and was joined by Baca in pulling away from the rest of the field by lap seven. “That was the most exciting race I think I’ve ever run. It’s a big deal to run with Ricky Thornton like that,” said Baca, already on the Fast Shafts All-Star Invitational ballot. “It was definitely the best win I’ve ever had … Holy cow, that was exciting.” Baca used the higher line to take the lead on lap 11. Thornton made a couple bids to regain the lead in traffic but couldn’t make either pass stick to deny Baca his third win of the season. Rounding out the top five were Collen Winebarger, Ethan Dotson and Tim Ward. SAN TAN VALLEY, Ariz. (Feb. 7) – A driver who’s already been busy racking up feature wins this season had a career highlight victory to talk about following the IMCA Modified feature on opening night of the IMCA Arizona Dirt Track Tour. Chaz Baca celebrated his “best win ever” in the IMCA Modified feature on opening night of the Arizona Dirt Track Tour. (Photo by Tim Olds) Northern SportMods – 1. Brian Osantowski; 2. Cody Thompson; 3. Tyler Soppe; 4. Austen Becerra; 5. Kelly Henderson; 6. Clay Erickson; 7. Speedy Madrid; 8. Taylor Kuehl; 9. Chris Theodore; 10. Darin Center; 11. Kyle Salo; 12. Eric Folstad; 13. David Pitt; 14. Justin Erickson; 15. Michael Egurola; 16. Andy Clower; 17. Fred Ryland; 18. Brady Bjella; 19. Ty Weidner; 20. Michael Soboski; 21. Bo Partain; 22. Slade Pitt; 23. Terry Bahr; 24. Ben Stockton. Thornton started fourth and led every lap in winning the IMCA Sunoco Stock Car feature by three-plus seconds over sixth starting Chanse Hollatz and eighth starting George Fronsman. Brendon LaBatte and Andrew Burg were next to the checkers. Nebraska speedster Brian Osantowski led the last half of the Karl Kustoms Northern SportMod main event, getting that win ahead of teammate and 10th starting Cody Thompson. Two-time and defending national champion Tyler Soppe was third. Fifty-five Modifieds, 19 Stock Cars and 37 SportMods from 15 states and Canada saw opening night action at San Tan Valley. Brian Osantowski impressed in winning the Karl Kustoms Northern SportMod tour opener at San Tan Valley. (Photo by Tim Olds) Both the Stock and SportMod features paid $750 to win. Austen Becerra led early and ended in fourth; Kelly Henderson started way back in 20th and finished fifth. Chaz Baca got the best of Ricky Thornton Jr. in the $2,000 to win main event Friday at Arizona Speedway. The quick-paced 25-lapper at San Tan Valley ran caution-free and saw the front pair work through heavy traffic before Baca edged ahead and beat Thornton to the stripe by half a second.
ELLSWORTH — Ellsworth High School is seeking registrants for its annual Bootin’ Eagle Soccer Camp with the first of three weeklong sessions set to begin next week.The first weeklong session will be for students entering grades 7-12. That camp is scheduled to begin Monday, July 23, and conclude next Friday, July 27.Students in grades 4-6 may compete in the next session, which begins July 30 and concludes Aug. 3. The final session, which is for students entering grades 1-3 as well as those about to begin kindergarten, runs from Aug. 13-17.This marks the 27th year of Bootin’ Eagle, which teaches team and individual soccer tactics and allows players to participate in 3-on-3, 6-on-6, 8-on-8 and 11-on-11 tournaments. Daily sessions began at 8 a.m. at the high school practice field and conclude at 12:30 p.m.This is placeholder textThis is placeholder textRegistration is $100 per person and $50 for tykes. Forms should be sent to Brian Higgins, P.O. Box 204, Surry, ME 04684.
… Dindyal sets up crushing win for DemeraraESSEQUIBO chalked up a tense 2-wicket win over the Select U-15, thanks to fifty from Aryan Persaud when action in the GCB/RUBiS U-17 Inter-county tournament continued yesterday. Persaud played a captain’s knock by grafting 51 off 143 balls with 2 fours to end not out.Essequibo, chasing 182, ended on 153 for 8, thanks to Persaud and a brisk 45 from Ronaldo Scouten who hammered 3 fours and 4 sixes; as spinner Salim Khan snatched 3-22 for Select U-15.Batting first, the U-15 XI were again tested by their much older opponents. Jarred Allicock was the tormentor, bagging 4 for 28 in reply to opener Rampertab Ramnauth, who smashed 8 fours and a six in his top knock of 78, with the next best score being 13.At the Everest ground, Demerara surged to an emphatic 8-wicket victory over Berbice in their second-round encounter.Berbice, batting first, were destroyed by man-of-the-match Alvin Mohabir who bagged 5-19 from 10 overs. Romel Datterdeen chipped in with excellent figures of 3-18 to help keep the home team to 108 all out.In reply, Demerara reached 111 for 2 after National Youth batsman Mavindra Dindyal stroked an unbeaten 50 off 52 balls with 8 fours and a six.Support came from Jaime Campbell who hit 6 fours and a maximum in his 45 not out, ending the match in just 21.5 overs.
ZENITH /DELTA PRINCIPALâ€™S CUPÂ As the ongoing Principalâ€™s Cup Football Competition for Secondary Schools in Delta State sponsored by Zenith Bank reaches its home stretch, Idjerhe Grammar School will meet Ogbe-Ijaw Grammar School in Sapele Stadium today, in the first semifinal match of the tournament.Idjerhe who defeated Jedo Secondary School 3-1 in the quarterfinal will have to be at its best to really get to the final as its opponent, Ogbe-Ijaw, will be looking to also get to the final.Ogbe-Ijaw Grammar School defeated Udu Secondary School, Otor-Udu 2-1 to get to this stage.The second semifinal tomorrow will see Amai Secondary School taking on Master Care International School at the Agbor Stadium.Speaking in Warri, the CEO of the organising company, Hideaplux Limited, Warri, Tony Pemu, said it had been a fantastic championship so far.He however advised the remaining four teams to be at their best and shun any act of hooliganism that might affect the smooth running of the competition since the preliminary stage.â€œWith just three matches to end the competition, I can say it has been a success so far,â€ Pemu said.â€œAll the teams have shown that talents are abound in the country and I just want to advise them to continue their sportsmanship attitude.â€œI am happy with everything and I expect the last four matches to be more interesting for the players and football fans in the state.â€The final is scheduled for May 20 at the Ultra-modern stadium in Ozoro.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
Zenith Bank has promised to make the Delta State Principalâ€™s Cup bigger with every edition as the Season 2 of the football event for all secondary schools in the state kicks off on Wednesday in Asaba.The Delta State Commissioner for Basic and Secondary Education, Chiedu Ebie, on Thursday addressed the media on the plans for the tournament that was glorious last term.Â However, Group Managing Director of Zenith Bank, Peter Amangbo, at the weekend said that the organisation was ready to put smiles on the faces of the young footballers who are the superstars of the futureÂ Amangbo said the partnership with Delta was a deliberate one to identify talented youths who could be Super Eagles players in the nearest future.He said: â€œDelta has a rich tradition in sports generally and football in particular. Many of the countryâ€™s greatest players and coaches hailed from the old Bendel State which is now Edo and Delta.â€œThe enthusiasm of the players in the last edition was impressive and we also had good feedback about the skills exhibited in various centres during the competition and that is why we have to improve with every edition.Â â€œZenith Bank is proud to be engaging the youth this way to give them hope of attaining their dreams through their natural talents.â€In the maiden edition of the event, over 1,200 private secondary schools and 446 public government secondary schools took part. Master Card International Secondary School defeated Iderghe Secondary School 2-1 in the final to lift the trophy.Apart from cash prizes given to the top three schools, the young footballers went home with attractive gift items like bags, laptops and other souvenirs.The opening ceremony of Season 2 Zenith/Delta Principalâ€™s Cup is scheduled for November 1, 2017 at the St Patrickâ€™s College, Asaba while the final is tentatively scheduled for February 2018 at the Ozoro Polytechnic Stadium.Â Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram