Masimba Holdings Limited ( 2009 Abridged Report

first_imgMasimba Holdings Limited ( listed on the Zimbabwe Stock Exchange under the Building & Associated sector has released it’s 2009 abridged results.For more information about Masimba Holdings Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Masimba Holdings Limited ( company page on AfricanFinancials.Document: Masimba Holdings Limited (  2009 abridged results.Company ProfileMasimba Holdings Limited is a well-established company in Zimbabwe providing engineering and infrastructure solutions to the agricultural, commercial and corporate sector as well as housing, mining, public and water sectors. The company has three operation divisions; Masimba Construction Zimbabwe, Proplastics and Property Development. Masimba Construction is responsible for design, development, planning, engineering and construction of commercial buildings, private housing developments and earthwork projects in Zimbabwe, and the fabrication and erection of structural steel. The other subsidiaries offer turnkey engineering solutions to the construction industry, aswell as provide reinforcement steel, steel fixing, wire mesh and cutting and bending products. Masimba Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

Greene & Co Log On to Help Hospice

first_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. Tagged with: corporate Digital Trading A firm of estate agents has pledged to ‘shop ‘til they drop’ to raise much needed funds for a local hospice.Greene & Co have registered with fundraising shopping website to help them raise £30,000 for the Project Butterfly appeal to refurbish the Marie Curie Hospice in Hampstead.Staff at the firm’s five London branches are using the innovative site to shop online with over 500 retailers including Amazon, Next, Waterstones, Debenhams and John Lewis, and every purchase they make generates a free donation of up to 15% to the appeal.Greene & Co Spokesperson Danni Towers explained more: “Every year we look for a local charity that we feel is working to change the lives of people in London. When Marie Curie approached us regarding Project Butterfly, we went to visit the hospice in Hampstead and knew this was the one for us.“We were pleased to discover as it provides our staff with an easy and free way to raise money for Project Butterfly. Simply by shopping online with easyfundraising for the things they would buy anyway, staff can generate funds for the appeal at no additional cost to themselves. It really is a win-win situation.”Employees are also surfing the web to raise funds with easyfundraising’s charity search engine, easysearch. By using to search the web just 10 times a day, staff can raise around £20 each per year for Project Butterfly.In addition to employees, the company are also appealing for anyone who shops and searches online to log on to easyfundraising to support the appeal.Danni continued: “So many of us shop online and search the web every day. This is a perfect way to make a difference to this worthy appeal very easily. Please register your support at today.”Project Butterfly Appeal Manager Beverley Brock said Greene & Co’s support was invaluable: “We are very grateful to Greene & Co for putting so much time and energy into raising funds for Project Butterfly. easyfundraising is such an easy, simple and effective way to raise funds for our appeal, especially for those who would like to support us but just don’t have the time to take part in more traditional methods of fundraising. Online fundraising is the way of the future and it’s great to see so many wonderful brands getting involved.”Project Butterfly is among thousands of good causes around the country listed on the easyfundraising site, which has generated over £350,000 in charitable donations since its launch in October 2006.Notes to is a completely free service and provides charities and good causes with a constant source of valuable fundraising income. Non profit organisations can register to use the site, including schools and nurseries, sports clubs, youth groups such as brownies and scouts, churches and individuals undertaking sponsored events and features over 500 retailers including Next, John Lewis, Amazon, Debenhams, HMV, Boots, Woolworths and many more. Retailer categories include major high street stores, insurance companies, travel agents and even utility suppliers.Shoppers pay the same price for their purchases as any other customer when they shop through has generated more than £350,000 for good causes around the UK since its launch in October, sister site to, is a search engine where supporters of good causes generate funds for free by searching the web. By searching just 10 times a day, supporters can generate around £20 per year for their chosen cause.Project Butterfly will dramatically enhance the quality of life for terminally ill patients and their families at the Marie Curie Hospice, Hampstead. The hospice will be completely transforming into the most modern facility of its kind in London, enabling patients to be cared for in a beautiful and peaceful environment, in comfortable and dignified surroundings.The total cost of Project Butterfly is estimated at £3.4m which will need to be raised by December 2008.Greene & Co have a number of other fundraising initiatives planned in support of Project Butterfly, including a celebrity cricket match and fun day on Sunday 13th July from 12pm at Hornsey Cricket Club, Tivoli Road Crouch End. All donations made on the day will be matched by Greene & Co.Other events include collections at local tube stations and hot spots, a bike ride between the 5 Greene & co shops and staff initiatives such as sponsored silences.For more information about the easyfundraising scheme, log on to or contact [email protected] more information on Greene & Co’s support for Project Butterfly, contact [email protected] Greene & Co Log On to Help Hospice Howard Lake | 1 July 2008 | News  17 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Start Network tests blockchain technology for foreign aid distribution

first_img  129 total views,  1 views today Start Network, a global network of 42 international NGOs including Oxfam and Save the Children, has partnered with social enterprise start-up Disberse to test blockchain technology in the distribution of foreign aid.The project aims to speed up the distribution of aid funding and trace how it is spent, ultimately enabling every pound to be traced from the original donor to each individual assisted. Start Network and Disberse hope that it will enable more money within the international aid system to reach the people it is intended to help, with the flow of funding monitored at every stage, and less lost through the process of currency exchange.The Disberse platform has been designed to limit aid finance losses and has already been piloted in a development project, which enabled UK-based charity Positive Women to reduce its transfer fees and trace the flow of funds down the chain to a project in Swaziland. The project saw funds sent from the UK to four Swazi schools via a local NGO and resulted in zero losses at the points of delivery. The saving enabled Positive Women to fund an additional three students’ fees for a year.Commenting on the project, Sarah Llewellyn, Director of Positive Women, said:“We normally use our bank to transfer funds, but transfers have become increasingly expensive and slow. Using Disberse, we saved 2.5 per cent [on forex fees], which covered the costs of a year’s education for an additional three girls. We could also see our funds being distributed to partners and schools, enabling us to spend less time monitoring, and more time demonstrating impact to our donors.”Start Network, which has deployed more than £100 million in foreign aid worldwide over the past four years, will now work with the Disberse platform to scale up this first project. The partnership will test the system on a series of small disbursements over the next six months within Start Network’s existing programmes.Sean Lowrie, Director of the Start Network said: Advertisement Tagged with: blockchain Finance Technology Start Network tests blockchain technology for foreign aid distribution Melanie May | 3 August 2017 | News  130 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis16 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis16 “This partnership could lead to the transformation needed in the way money flows through the humanitarian system. The Start Network is testing innovative solutions to many humanitarian challenges to enable aid agencies to be more efficient and effective. This new project could catalyse a new way of working, one that is transparent, fast and which drives accountability to taxpayers and those affected by crises.”Ben Joakim, CEO and co-founder of Disberse said:“Disberse was born from an ambition to preserve and improve the impact of aid finance, for the communities and individuals it serves. We believe in the purpose of aid, but recognise it is constrained by inefficiencies. Using blockchain technology, we digitise and distribute donor funds through the chain to recipient beneficiaries. These transactions are transparent, and can be viewed online, ensuring funds are distributed and delivered as intended.”Disberse, a for-profit social enterprise, was founded in September 2016 as a fund-management and distribution platform to enable donors, governments, and NGOs to transfer and trace funds through the entire donation chain, from donor to beneficiary, via intermediaries.It is one of 24 start-ups in the UK recently accepted into the Financial Conduct Authority’s sandbox, which allows businesses to test products, services, business models and delivery mechanisms in a live environment where consumers are appropriately protected. Disberse is working alongside the regulator to help build the government’s understanding of blockchain technology and to enable Disberse to test its platform within regulated conditions. The preliminary work by Start Network has been made assisted by a €50,000 donation from the government of Estonia.last_img read more

Medivet clients give 1m donations to rhino campaign

first_img“Pennies is proud to support Medivet’s Saving the Rhino campaign, and it’s been so inspiring to see one million individual micro-donations made through the digital charity box over the past four years.”  279 total views,  2 views today Medivet clients give 1m donations to rhino campaign Medivet launched its Saving the Rhino campaign in 2015 in partnership with Wilderness Foundation Africa, which is part of a global alliance of charities that aims to protect and connect wilderness, wildlife and people.Dr John Smithers, Senior Partner and Project Co-ordinator for Medivet Saving the Rhino, said:“We could not be more grateful to our clients for all they have done to help the survival of this iconic species. Their incredible generosity – combined with the support of our colleagues and partners – has made a real difference in the fight against poaching and we want to thank our clients for every donation made.”Alison Hutchinson, CBE, CEO of Pennies said: Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis8  280 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis8 Becky Lloyd, Joanna Feetch, and Fiona Platt at Medivet Shrewsbury 24 hour practice, celebrating the achievement. Picture by Andrew Higgins/Thousand Word Mediacenter_img Medivet clients have now given one million donations, raising £500,000 for the Medivet Saving The Rhino campaign with Wilderness Foundation Africa.The contributions were made over the past four years using Pennies and hit £500,000 this week. The millionth donation was made at Medivet 24 Hour Shrewsbury. Medivet clients are offered the opportunity to add 50 pence to their veterinary bill to support the campaign.The funds raised have played a crucial role in helping to protect the rhino – enabling Wilderness Foundation Africa’s Forever Wild Rhino Protection Initiative to support the endangered animals through a range of activities. This includes the treatment of poaching attack survivors plus the care and rehabilitation of orphaned baby rhinos.Medivet client donations have also enabled two cold scent tracker dogs to be deployed with anti-poaching units, and support to be provided for intelligence-sharing amongst local law-enforcement agencies. Funds have additionally been deployed to help drive global awareness, and provide community services as well as field-based veterinary equipment. About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via Melanie May | 5 September 2019 | News Tagged with: microdonations Pennieslast_img read more

The racist militarization of Ferguson, Mo.

first_img‘Hands up, don’t shoot’, Ferguson, Mo.Aug. 18 — The air was again choked in Ferguson, Mo., with smoke bombs and tear gas. Protesters’ chants competed with bursts of firearms shooting rubber bullets. This was in late evening, after Saturday, Aug. 16, passed into the early moments of Sunday, shortly after the curfew took effect.Residents of Ferguson, a small suburb in St. Louis County that is more than two-thirds Black, defied Democratic Gov. Jay Nixon’s martial law declaration. It had been made mere hours before, ironically in a Black church, and with Nixon flanked by Black politicians.Many in the audience immediately disagreed with the imposition of police control over the city — not that it would be any different from the condition Ferguson had been in since late Sunday, Aug. 10, the day after 18-year-old Black male Michael Brown was shot to death by a Ferguson cop in broad daylight. His body was then left in the middle of the street for hours. Nixon’s official declaration provided legal cover and suspended habeas corpus, so those arrested could be detained without a hearing until the order is lifted.Martial law was already effectively in place. It began as more than 150 cops from various police agencies descended in full riot gear upon the city of nearly 22,000 people. Justified anger had reached a fever pitch and turned into a mini-rebellion. Since Aug. 10, cops, local, state and other municipalities’ forces have displayed a full array of the weaponry at their disposal: assault rifles, tear gas, concussion grenades, smoke bombs, rubber and bean bag bullets, long-range acoustic devices, armored personnel carriers and Humvees. Their tactics include the declaration of a no-fly zone over the city, denying media access and even arresting some mainstream journalists.Dozens of people had been arrested during the week prior to Nixon’s announcement. Many were arrested, not for participating in the rebellion or refusing to disperse, but because police picked them out of crowds during protests.However, the more repressive the cops became, the more time ticked away without the arrest of the cop responsible for shooting unarmed Michael Brown for the “crime” of walking in the middle of the street. As time passed without the release of the cop’s name, the more the righteous indignation of the people of Ferguson and St. Louis County bubbled over.Around the country, oppressed communities of color, especially Black, Latino/a and Indigenous, seethed with the knowledge that Michael Brown’s killing was not an isolated event. Support poured in from as far away as Palestine, where the people have lived under a constant state of siege since 1948 — at the behest of the U.S., in order to maintain its client state of Israel, which helps to secure U.S. hegemony in the region.In Geneva, the United Nations committee “that oversees compliance with the International Convention on the Elimination of All Forms of Racial Discrimination (CERD) placed the U.S. record under the spotlight,” reported the American Civil Liberties Union. “The Committee expressed deep concern at the circumstances surrounding Brown’s shooting [and] other recent deaths of unarmed African-American men … at the hands of law enforcement.” (, Aug. 15The strong responses from around the country and around the world are comparable to those following Hurricanes Katrina and Rita. Then, the conditions of poverty, racism and neglect were laid bare by hurricane winds, as the most vulnerable — tens of thousands of Black residents, especially in New Orleans — were left to suffer for days without safe haven, proper sewerage, food, water or medical care. Some died. Vigilantes and cops set upon the oppressed.Brown’s killing spotlights rampant police brutalityIt is not simply how commonplace police brutality is that illuminates the nature of the state; it also reveals that separate realities exist in the United States. The repressive state — the armed bodies of people, the military, the courts, jails and prisons — stands between poor workers and oppressed communities, on one side, and the elite, superwealthy bankers, corporation owners and their political lackeys, on the other.The U.S., founded by colonial settlers, expropriated the land from Indigenous people through war and genocide and ensnared the people who built this country’s wealth — through slavery.Black people, descendants of the enslaved or recent immigrants from the Black diaspora created by the Atlantic slave trade; those from Africa, as well as migrants from Latin America and the Caribbean; and people of color from around the world have been forced to migrate because of shooting wars or conditions of economic war created by neoliberalism. They live in differing oppressive and sometimes superexploitative conditions in the U.S.In theory, the U.S. is one country, but in practice it is a land of many nations: a dominant white nation, which owes its privilege to the doctrine of white supremacy and the manner in which U.S. wealth was originally accumulated, and many oppressed nations.The situation that has unfolded in Ferguson is indicative of the separate realities that exist in this country. Cops there were already on alert, and more than 100 cops were on hand from different police agencies, prepared with full tactical riot gear. They could all be deployed shortly after the rebellion began.The heavy-handed police response has been used time and again in poor, oppressed communities. Cops in Anaheim, Calif., responded the same way two years ago when the community rose up to protest the killings of Manuel Diaz and Joel Acevedo.Throughout U.S. history, repression has occurred when the cops or National Guard have been called in. Every day, these communities look like occupied zones. If the constant police surveillance and patrols are not enough, neighborhood-specific ordinances, such as New York’s “broken windows” policing, give cops extra powers to profile and harass residents.These “quality of life” ordinances are meant to scare people away from the neighborhoods in advance of real estate developers — or while they are buying land and building residences for new middle- and upper-middle-class whites who seek to live closer to city centers where many oppressed people live. If the period of the 1970s to the 80s was considered an era of “white flight,” then the years from the mid-1990s until today can be characterized as an era of “white invasion.”In Oakland, Calif., during the Occupy movement and in Ferguson — up until now — the National Guard was not needed. But the armaments being displayed and employed and the tactics being used by police mirror what federal troops would do. The show of force is a sign of the increased militarization of police agencies across the U.S., aided by funds from the Department of Homeland Security. The Pentagon has also sent military vehicles and weaponry to the police force in Ferguson, and several others around the country. (USA Today, Aug. 14)The conditions for rebellion are ripe in oppressed communities, and they existed in Ferguson before Michael Brown was fatally shot. His killing was just the catalyst.In recent weeks, there have been many police killings of oppressed people in the U.S. John Crawford III, a Black man, was shot in a southwest Ohio Walmart, while holding a toy air rifle he had picked up in the store. Los Angeles police fatally shot Ezell Ford, an unarmed Black man, who suffered from mental illness, and beat to death Omar Abrego, still wearing his work uniform. Staten Island, N.Y., police choked to death Eric Garner, a Black man, for allegedly selling loose cigarettes. There are surely more such deaths, with the victims unknown to the public.In addition to the killings are the conditions of poverty and unemployment that prevail in oppressed communities. They are highlighted now in Ferguson, where the effects of gentrification and growing suburban poverty are clearly seen. The city’s demographics changed, as it went from being an 85 percent white enclave in 1980 to a 67 percent Black community by the period 2008-12, reported Brookings Institute on Aug. 15.The institute explains, “But Ferguson has also been home to dramatic economic changes in recent years. The city’s unemployment rate rose from less than 5 percent in 2000 to over 13 percent in 2010-12. For those residents who were employed, inflation-adjusted average earnings fell by one-third. The number of households using federal Housing Choice Vouchers climbed from roughly 300 in 2000 to more than 800 by the end of the decade.“Amid these changes, poverty skyrocketed. Between 2000 and 2010-12, Ferguson’s poor population doubled,” reported Brookings. By 2012, “roughly, one in four residents lived below the federal poverty line ($23,402 for a family of 4 in 2012), and 44 percent fell below twice that level.” More than half of Black people living in suburban communities live in areas that have a more than 20 percent poverty rate.Along with the growing poverty and uncertainty in the U.S., because of the unstable nature of the capitalist system and its inability to contain crisis, neoliberalism is growing. It is manifested in attacks on unions and workers who are organizing, assaults on the right to quality public education and drastic slashes in social welfare programs, such as the Supplemental Nutrition Assistance Program. With cuts to food benefits invariably come rising food prices.Conditions for rebellion ripe in oppressed areasPolice agencies in every locality and at the state level have been preparing for social explosions. Preceding the dramatic infusion of federal monies to cities and states after 9/11, the “War on Drugs” began in an era with a great increase in the incarceration of Black people. Black men, in particular, but also Black women, make up the fastest growing demographic in the prison system.The mammoth prison-industrial complex today includes the marriage of the prison construction industry with the private prison industry, the use of prison labor, and vast numbers of prison vendors, telephone and surveillance companies that have contracts with private, state and federal prison facilities. The U.S. has the largest prison population in the world at 2.4 million. Yet, the numbers incarcerated do not even include the many hundreds of thousands of undocumented immigrant workers held in detention centers.The Antiterrorism and Effective Death Penalty Act of 1996, passed during the Clinton administration, limits the amount of appeals that a person on death row can file. A host of laws hampering civil liberties were enacted, including mandatory sentencing and increased length of prison terms to be served.These measures, along with laws signed under the Bush and Obama administrations, which include advanced combat training and massive arming of police, point to an increasingly militarized state.What’s happening in Ferguson shows these repressive policies in action. The police there are showing what police forces will do in oppressed communities which protest their terrible living conditions. Ferguson is what national oppression looks like.The police chief and the media have been slandering Michael Brown, even releasing a video that allegedly shows him stealing cigars — although this had nothing to do with why cops stopped and harassed him. But this is not surprising. This demonization is nothing new. Showing this video was calculated to nullify anger at Michael Brown’s killing that might have arisen in white communities.It is not just the oppressed communities that need to fear the growing militarization of the police, but all workers. Police agencies are being trained in military tactics, as they are armed with high-tech and advanced military hardware for crowd control and squashing social unrest.The police tactics used to try to suppress the Occupy Wall Street protests should have been an eye opener to all progressive forces. Increasingly, the repressive state apparatus is preparing for greater social unrest and upheavel. Although the powers that be anticipate struggle will arise in the oppressed areas, they expect that it will spread and become broader and more generalized.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

OTM to start removing ‘freebie’ estate agents who don’t want to pay

first_imgHome » News » Marketing » OTM to start removing ‘freebie’ estate agents who don’t want to pay previous nextMarketingOTM to start removing ‘freebie’ estate agents who don’t want to payPortal’s CEO says this and Covid may lead to fewer agents, but he can’t continue giving some agents a free service while charging others.Nigel Lewis13th October 202001,515 Views OnTheMarket has lost nearly 300 branches during the Covid pandemic, its latest results show, but the portal says it’s not afraid to lose more as it begins to ease agents off ‘freebie’ deals.OTM says the agent count reduction is due to cancellations caused by agents worrying over the economic slowdown, and some agents closing down during lockdown.But acting CEO Clive Beattie (below), who is due to make way for Jason Tebb on December 14th, says the reduction in numbers may continue as the portal begins to give ultimatums to the many agents who use the portal via ‘freebie’ agreements.“We suspended the conversion of freebies during the worst months of the pandemic but we can’t carry on for ever giving them a free service when others are paying for it,” he tells The Negotiator.Otherwise OTM says it has endured the lockdown in reasonable shape and seen a huge pick-up in activity since the housing market re-0pened and the ‘mini-boom’ ensued.It enjoyed the first profitable half-year since it listed on the stock exchange, helped by vastly reduced marketing costs during the period as it stopped all advertising and higher revenue.This increased by 28% to £10.2 million while operating profit was £800,000 although the company expects to break even overall during the year.Mini Rightmove“We are not trying to catch up with the other two big portals and just become a cheaper version of Rightmove, grinding away at catching them up,” says Beattie.“Instead, the idea is to differentiate ourselves from our competitors via technology and create a portal that agents can back and own shares in.“Despite the many ‘challenger portals’ who have emerged during lockdown and the problems caused by Covid, engagement and commitment among agents to us has remained strong. We are here to stay.”Challenged on what ‘differentiation’ means, Beattie points to its investment in lettings platform Teclet earlier this year, and an initiative that will see it support agents’ social media activity to generate leads.Visit OTM.jason tebb clive beattie Rightmove OnTheMarket OTM Zoopla October 13, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

Morgan Freeman to speak at the Oxford Union

first_imgMorgan Freeman will be speaking at the Oxford Union on November 11th.His visit was announced at last night’s Thursday debate, the subject of which was ‘This House has no confidence in Her Majesty’s Government’.Freeman is speaking as part of the Union’s new partnership with the Screen Actors’ Guild (SAG) Foundation.Union President Mayank Banerjee said, “We are delighted to announce the first of what we hope will be a long and successful partnership with the SAG Foundation. It is an absolute honour to host Morgan Freeman at the Union and we genuinely think there has never been a better term to be become a member.“We hope to announce more speakers over the coming few days and encourage you to keep checking our social media for updates.”The star of recent children’s film The Lego Movie joins fellow acting royalty Ian McKellan (November 3rd) on a termcard which includes a number of important figures from the world of film and TV, including producers from break-out hit Game of Thrones.last_img read more

Country Style buys frozen desserts site

first_imgBakery company Country Style Foods has acquired the former RHM frozen desserts factory, in Wales from Premier Foods in a deal that completed on Saturday.The 50,000sq ft RHM factory, in Flint, North Wales, manufactures branded and retailers’ own-label desserts, employing 200 people.Country Style director Joe Wood told British Baker that the new site would run in addition to its Stockton plant, which manufactures a complementary range of products, including frozen roulades.The Flint factory is connected to its own cold-storage and warehousing facilities, and manufactures premium cheesecakes, gateaux, tortes and meringues, under brands including Cadbury.The Stockton site was bought out of receivership from Hibernia Foods in 2003.Head office functions for the Flint site will be conducted from Country Style’s Leeds premises.Country Style has also acquired the licence to produce Cadbury frozen cakes and desserts, a range it intends to develop further across its entire portfolio, said Wood. “We have had the Sara Lee brand licence for three years now and Cadbury will sit very well alongside that.”Last March, following the acquisition of RHM, Premier Foods announced that it wanted to divest the company’s “non-core” frozen businesses, which included factories making frozen pies, ready-meals and desserts.The ready-meals part of the business has now been sold to Kerry Foods.RHM’s Kent-based pies business, which manufactures products including McDougalls pies, is still up for sale.Country Style Foods manufactures bakery products and desserts for leading retailers and foodservice operators.The family business, founded in 1960 by Tony and Christine Wood, operates from facilities in Leeds, Grimsby, Stockton and Peterlee and employs over 1,400 people.last_img read more

News story: 69,000 households benefit from cut to stamp duty

first_img It’s good to see a record number of people benefiting from our Help to Buy Equity Loan, so they can realise their dream of home ownership. Through this scheme we have helped almost 159,000 households get a foot on the housing ladder. Separate figures also published today show that over 387,000 people have now used the government’s Help to Buy scheme, and over 1.1 million accounts have been opened with the Help to Buy ISA, offering government bonuses of up to £3,000.The median age of a first-time buyer in the Help to Buy scheme is 27, compared to a national first-time buyer median age of 30.Housing Minister, Dominic Raab, said: I’m proud that the cut to stamp duty for first-time buyers is helping to realise the dream of home ownership for a new generation, alongside building more homes in the right areas, and generous schemes such as the Lifetime ISA and Help to Buy. 69,000 first-time buyers have already benefited from the government’s abolition to stamp duty land tax on properties under £300,000, according to official statistics released today (26 April 2018). The figures, covering the period up until 31st March this year.Over the next five years, it is estimated that the policy will help over 1 million people getting onto the housing ladder. And those who have bought properties of up to £500,000 will have benefited from a stamp duty cut.Financial Secretary to the Treasury, Mel Stride, said: These figures build on the government’s long-term commitment to make housing more affordable. As part of the Autumn Budget housing package, the Chancellor announced at least £44 billion for housing – which includes at least £15.3 billion of financial support for house building over the next five years – and an aim to build 300,000 new homes a year in the areas that need it, as well as encouraging better use of land in cities and towns.In addition to government-backed schemes such as the Help to Buy equity loan and Help to Buy ISA, those hoping to make their money go further can open a Lifetime ISA – to either save for a first home, or for later in life.last_img read more

CMA investigates Bako merger

first_imgThe anticipated acquisition by Bako North Western of Bako Northern & Scotland is under investigation by the Competition and Markets Authority (CMA).The investigation was initiated at the request of Bako North Western on a ’fail-safe basis’. Phase one of the merger inquiry was launched earlier this month, and a decision on whether it will progress to phase two is expected on 4 August.Bako North Western announced the news of the merger in May this year, following the acquisition of Bako London & South East in July 2013.It means the only arms in the Bako Group not run by Bako North West, in Preston, are the Bako Wales and Bako Western organisations. The investigation is taking place to determine if the latest buy-up, results in “a substantial lessening of competition within any market or markets in the United Kingdom for goods or services”.When the deal was revealed, the company said in a statement: “The transaction will bring together two highly complementary organisations and will build on the strengths of both parties to continue to deliver excellent products and service to customers.“As a combined entity, service across local, regional and national customers will be enhanced and opportunities for staff, suppliers and partners will increase accordingly.”last_img read more