EAT sees 6.6% turnover boost

first_imgSandwich chain EAT has announced a 6.6% rise in turnover to £87.4m in its annual financial results to 30 June 2011.The firm also reported pre-tax profits of £2.7m, up £0.2m on the previous year, and a 4% EBITDA post bonus increase to £7.7m.Niall and Faith MacArthur, joint founders of EAT, said the company would be looking to target an estate of 200-plus sites within the next three to five years in the UK, maintaining and growing its existing sites and opening new outlets.The chain opened nine new EAT outlets during the financial year, bringing its total to 110 shops – 86 within London and 24 in other UK locations.In addition, the firm’s investment in its Wembley-based kitchen meant it has the potential to double its production capacity.EAT was acquired by private equity firm Lyceum Capital last March, and the chain has utilised £4.3m in cash reserves as a result of the above move for restructuring.The company reported that it was to invest in “delivering improved customer service, new and innovative products and smart, attractive shops to help offset the impact of increasingly challenging market conditions”.It has found the sub-£10 meal category of the eating and drinking-out sector to be “relatively resilient”, and launched over 100 new products across all its categories during the 12-month period. Improved barista training and the launch of its flat white coffee helped a “large increase” in coffee sales, the company added.last_img read more

Global Entrepreneurship Week Nov 17-20

first_imgGlobal Entrepreneurship WeekNovember 17-20 (Monday-Thursday)4 pmBillings North Lounge at the University of VermontInformation and Expo Registration: http://www.uvm.edu/cdae/entrepreneurshipweek/index.html(link is external)With the goal of inspiring potential entrepreneurs within the University of Vermont and beyond, the Community Development and Applied Economics Department is calling for entrepreneurs to highlight their own projects through the expo and participate in the discussions about the challenges and benefits of entrepreneurship.Each evening has a slightly different theme:Nov 17: Invent It! Product innovation, invention, development and commercializationNov 18: Be Creative! Creative, information, technology and energy entrepreneurshipNov 19: Make it Local! Social and community entrepreneurship: VermontNov 20: Take it Global! Social and community entrepreneurship: Internationallast_img read more

Rule notifying clients when lawyers leave firms goes into effect today

first_img Jan 01, 2006 Joy A. Bruner Assistant Ethics Counsel Regular News The Ethics Hotline receives numerous inquiries regarding the proper procedures for notifying clients when firms dissolve and/or attorneys leave firms.There has not been a specific Rule of Professional Conduct addressing these issues. Rather, the Professional Ethics Committee has issued ethics opinions to provide guidance to Bar members.This changes as of January 1, 2006, when new Rule 4-5.8 goes into effect. The rule emphasizes that clients have the choice of counsel and that generally lawyers and law firms can do nothing to affect the client’s right to choose counsel. See 4-5.8(b).The new rule applies to all lawyers leaving firms or involved in a firm dissolution. This rule requires lawyers who are either dissolving a firm or leaving a firm to make a bona fide effort to negotiate a joint communication notifying clients of the change before the lawyers can unilaterally notify clients. Negotiations are to be with a designated lawyer or lawyers authorized by the firm to handle such negotiations.If negotiations for a joint communication are unsuccessful, a departing lawyer can unilaterally communicate with clients. However, the rule sets out information that must be included in the communication. A lawyer departing from a firm who unilaterally contacts clients must inform the clients that the lawyer is leaving the firm and “provide options to the clients to choose to remain a client of the law firm, to choose representation by the departing lawyer, or to choose representation by other lawyers or law firms.” Rule 4-5.8(d)(1).Similarly, in firms that are dissolving, if there is not a negotiated method of communication, lawyers in the firm may unilaterally contact clients to tell them of the firm’s dissolution. The communication must further “provide options to the clients to choose representation by any member of the dissolving law firm, or representation by other lawyers or law firms.” Rule 4-5.8(d)(2).In both cases, the communication must provide information to the client regarding any potential responsibility the client has for fees and costs already incurred. The notice must also discuss how any fee and/or costs deposits will be handled and, if appropriate, give notice to the client that a reasonable charge may be imposed for copying the file for a successor attorney. Rule 4-5.8(d)(3).The rule further provides for the scenario of a client who does not respond to the notice. If a client does not respond to notices informing the client that a lawyer is leaving a firm, the client is considered to remain a client of the firm until such time as the client gives notice otherwise. Rule 4-5.8(e)(1). In the case of a firm dissolution, a client who does not respond to notices of the dissolution is considered to be a client of the lawyer who had primary responsibility for the client’s matter until such time as the client indicates otherwise. Rule 4-5.8(e)(2).The rule makes clear that it is not attempting to create new legal obligations. Subsection (a) states: “The contract for legal services creates the legal relationships between the client and law firm and between the client and individual members of the law firm, including the ownership of the files maintained by the lawyer or law firm. Nothing in these rules creates or defines those relationships.”It is important to note that the rule makes no distinction between partners, shareholders, and associates. Prior to the enactment of Rule 4-5.8, Florida Ethics Opinion 84-1 stated that when an associate leaves a firm, the preferred method of notifying clients was for the firm and the associate to jointly send a letter to the affected clients informing them of the change and asking the clients to let the firm and the associate know who they wished to continue with their matters. If a joint letter could not be done, the opinion concluded that the associate could independently send a notification to the clients informing them of the associate’s departure and providing new contact information. However, the associate was not allowed to solicit the clients. The continuing validity of Opinion 84-1 will be considered by the Professional Ethics Committee at its January meeting.Questions regarding Rule 4-5.8 or any of the Rules of Professional Conduct may be directed to the Ethics Hotline at 800-235-8619. The Ethics Hotline is open Monday through Friday from 9 a.m. until 5 p.m. E-mail inquiries may be sent to [email protected] Rule notifying clients when lawyers leave firms goes into effect todaylast_img read more

Allied’s CEO breaks down today’s lending landscape

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr President and CEO of Allied Solutions Pete Hilger Thursday dove into the lending landscape before, during and after the pandemic and provided insights into how credit unions can adapt. Hilger encouraged credit unions to be bold and proactive as they navigate and leverage the new lending and risk management environment.“If you think about the investments we were all making to prepare for big data, digital, whether we have branches or don’t, and how we interact with our members – one of the things that this pandemic has provided is an opportunity to really, out of necessity, accelerate getting to those long term benefits that are going to make us more competitive in the industry we represent,” said Hilger.Hilger noted where potential challenges may arise, such as a spike in refinancing applications, the need to leverage new technology for lending services, a highly competitive market with lower consumer demand for loans, and a decrease in new loan originations. He offered resources and ideas for credit unions looking to be creative in the face of challenges, and encouraged outsourcing where possible.In addition, Hilger noted how further complications arise when face-to-face interactions are nearly impossible.last_img read more

Cochin Shipyard to Get New Drydock

first_imgImage source: Cochin Shipyard LtdThe Chief Minister of Kerala, Pinarayi Vijayan, and Minister of Shipping, Nitin Gadkari, conducted a ground breaking ceremony for the Cochin Shipyard’s third drydock yesterday. The new dock, set to have a length of 310 meters, will be a stepped dock with a width of 75 meters at the wider part, and 60 meters at the narrower part.According to an official announcement, the new facility will have a depth of 13 meters.The new drydock is planned essentially to tap the market potential of repairs/construction of specialized and technologically advanced vessels such as large dredgers, LNG vessels, jack-up rigs, drill ships, etc.The Cochin Shipyard said in their release that – in terms of the size of the dock and strength of the dock floor – this will be one of the largest drydocks in India.The new project is in line with the “Make in India” initiatives of the Indian Government, and dovetailed into the ‘Sagarmala” program which promotes creation of additional ship building and repair facilities.last_img read more

Carter tops Marshalltown Modified main

first_imgCayden Carter topped the Friday feature for IMCA Modifieds at Marshalltown Speedway. (Photo by Bruce Badgley, Motorsports Photography)MARSHALLTOWN, Iowa (May 26) – Sixth row starting Cayden Carter was the IMCA Modified winner Friday at Marshalltown Speedway.Jenae Gustin led the troops from the topside of the track. Carter capitalized on Gustin’s slight slip when her right rear dropped over the cushion. He quickly dove under to take over the top spot.Carter held that lead to the checkers.  Gustin had to be content with second.  Joel Rust took third, Todd Shute started 1tth and finished fourth, and Adam Larson was fifth.Todd Cooney’s last-corner pass put him in victory lane following the IMCA Late Model feature and Da­mon Murty paced the IMCA Sunoco Stock Cars.Doug Smith led from the fifth lap to the end of the Karl Chevrolet Northern SportMod feature and Shannon Anderson raced from the sixth row, going four-wide at one point, en route to another IMCA Sunoco Hobby Stock victory.last_img read more

Mukut Kalita smashes ton in veteran cricket and defeats Goalpara

first_imgOur Sports ReporterGUWAHATI: Riding on an unbeaten ton from Mukut Kalita, Kamrup today defeated Goalpara by 19 runs and entered into the semi final in the All Assam Veteran Inter-District and Inter-Institution Cricket tournament at Mangaldoi today. Invited to bat, Kamrup scored 167-2 in their 20 overs. Mukut Kalita played an electrifying knock of an unbeaten 106 runs which came in 71 balls. He hit nine boundaries and six over boundaries on way to score the first century of the tournament. Chasing 168 runs to win, Goalpara scored 148-7 in their 20 overs. Jyoti Medhi was the top scorer with 56 runs. The first semi final would be held tomorrow where Kamrup will face Guwahati. Also read: Local Sportslast_img

Rebels clinch 2013 KIJHL Championship in five games

first_imgThe Castlegar Rebels have won the 2013 Kootenay International Junior Hockey League Championship.The Rebels clinched the title in five games, blasting the injury-riddled North Okanagan Knights 4-0 Monday at the Castlegar Arena Complex.Castlegar, scoring its first title since 1996, wins the best-of-seven series 4-1 and represents the KIJHL at the Cyclone Taylor Cup April 11-14 in Comox Valley.The Rebels made sure there would be no more games in the KIJHL Final by jumping all over the Knights in the first period, out shooting North Okanagan 20-7.The Rebels were rewarded for the deciding advantage in play when leading scorer Stuart Walton beat Dustin Nikkel in the North Okanagan next on the power play.The goal was the first of two for Walton, who finished the KIJHL playoffs as the leading scorer with 27 points — including nine goals.Matt Reed and Darren Medeiros also scored for the Rebels, holding period leads of 1-0 and 3-0. Castlegar out shot the Knights 44-18 in the game with netminder Jordan Gluck serving up his second shutout of the series.Gluck shut out North Okanagan 2-0 in Game three of the series.The Rebels now join Richmond Sockeyes, Victoria Cougars and host Comox Valley Glacier Kings in the four-team Cyclone Taylor Cup Tournament.The win makes up for a crushing loss to Osoyoos Coyotes in the 2011 KIJHL Final.Castlegar’s win makes it three of the past five seasons a Murdoch Division champ has won the KIJHL title.Nelson Leafs won the KIJHL crown in 2009 while Beaver Valley took the title in 2012.last_img read more

Nelson & District Credit Union hosts Puck Toss Finale during Friday’s Leafs game

first_imgThere’s a lot more on the line Friday at the NDCC Arena than the Nelson Leafs taking on the Golden Rockets in Kootenay International Junior Hockey League action.The Nelson and District Credit Union is hosting its member appreciation night  along with the $1000 NDCU puck-toss finale during Friday’s KIJHL Kootenay Conference contest between the two teams. The winner of the NDCU puck-toss will take home one NDCU $1,000 term deposit.As well, NDCU members who show their NDCU MemberCard at the ticket booth will get into the game at a discounted rate.last_img

Transnet proposes GP rail ring

first_img14 June 2007State-owned logistics company Transnet is conducting a feasibility study on building a railroad ring around greater Johannesburg, in an effort to reduce delays and boost rail freight capacity.Business Report reports this Thursday that the company also wants to develop a new inland terminal using a large tract of Transnet-owned land in Springs, on Gauteng’s East Rand.According to the paper, the new terminal would possibly replace Transnet’s existing City Deep facility to the south of Johannesburg.“We want to build a new hub,” said Transnet’s group executive in charge of projects, Moira Moses, at the South African Chamber of Business’s mid-year convention in Durban.“This is important, because part of the reason for delays is that freight trains have to cross metro lines. As passenger trains have right of way, this can lead to a lot of delays,” Moses said.The proposal still needs to be presented to the Transnet board.Business Report reports that when using 2004 as a base, it is forecast that 50.1-million tons will be transported on the Durban to Gauteng route in 2009, rising to 69.4-million tons in 2019 and 84-million tons in 2025.Over 40-million tons of goods were transported between Durban and Gauteng in 2004, with just over 10-million tons being transported by rail freight and the majority – almost 32-million tons – being transported by road.The paper added that Transnet’s plans for rail between Johannesburg and Durban include a focus on cars and containers, which are forecast to grow substantially.“Our mission is to take business away from road,” Moses told Business Report.As part of the South African government’s infrastructure spending programme, Transnet will spend R78-billion on revitalising the country’s railroads, ports and pipelines. Transnet’s strategy also calls for the sale of non-core assets.According to Business Report, about R20-billion of this amount will be spent on pipelines, ports and rail infrastructure for the KwaZulu-Natal – Gauteng corridor.SouthAfrica.info reporter Want to use this article in your publication or on your website?See: Using SAinfo materiallast_img read more