Allied Bakeries today launched a new white loaf under its Kingsmill brand which it claims will revolutionise the category.Kingsmill Great White has two and a half times more fibre than Kinsgmill’s traditional white loaf – and has 1.4x the amount of fibre than its 50/50 brand. The company has worked with AB Mauri in developing the new loaf and says it is the company’s biggest launch since 50/50 in 2007.The company hopes that the category will appeal to what it brands “die hard waverers” and has promised to spend £6.7m on marketing, featuring a TV advert with actor John Thomson.Overall sales of sliced white bread have been in long-term decline and have fallen 4.8% by volume – or 40 million loaves – in the past year alone [Kantar Worldpanel 52 w/e 2 February 2014]. Kingsmill will use this new product to raise awareness of the fibre deficit in the majority of UK diets, encouraging consumers to try Kingsmill Great White as a convenient way of boosting their fibre intake.The company claims, eating two slices of Kingsmill Great White bread a day instead of normal white bread could increase fibre intakes by 3.0g (12% of the Dietary Reference Value).Staple favouriteMartin Garlick, Category Director, Allied Bakeries, said: “Bakery remains a staple favourite for the UK – consumed by 99.8% of the British population with on average 51 loaves bought every second, this shows that bread is still hugely popular. However over time there has been a steady decline in the number of people eating white bread. It is clear to us that if we don’t take action to reverse this trend, it will continue over the next few years.“Kingsmill Great White is a truly innovative product and has been developed to not only provide the nation with an opportunity to top-up their fibre intake, but also will support retailers in capitalising on this great innovation.”Kingsmill Great White is scheduled to hit the shelves in mid-March and will be available to convenience stores from 27 March 2014.
Lindsey Pownall, the chief executive of Samworth Brothers, has reportedly decided to step down from the top job at the food group.According to reports in the Leicester Mercury she has decided to take early retirement, after four years in the role and 20 with the company, and will be replaced on 1 January 2016 by Alex Knight, a longstanding adviser to the Melton-based food manufacturer.The announcement of her departure comes in the same month as British Baker exclusively revealed that Paul Tripp, the highly influential managing director of Soreen, was to leave the business.Samworth Brothers reported a £837m turnover last year – more than 5% up on the previous year. Its brands include Ginsters, Dickinson & Morris pork pies, Walkers pork pies and Walkers sausages. It produces sandwiches, ready meals, pork pies, desserts and cakes for supermarkets including Marks & Spencer, Morrisons, Waitrose and Tesco.Knight said: “I have worked with many great businesses and organisations in my career, but Samworth Brothers has always stood out because of its unique ethos, strong values and its commitment to a long-term view.”Pownall is relocating to the Lake District, but will continue to advise the Samworth board.She added: “Alex is a brilliant replacement for me. We have found someone who can relate to running a family business. He has his own consultancy business and a history of working with lots of big businesses around the world.“Continuity is everything and I have used him extensively, particularly in the last four years, in helping me make our various companies work more collaboratively. The changes the company has seen have been as much his as mine.”
In jazz, the “what” (i.e. what’s being played) doesn’t matter nearly as much as the “who” (who’s playing it) and the “how” (how it’s being played). Herbie Hancock drove that point home loud and clear while jamming on classics like “Chameleon”, “Cantaloupe Island”, and “Watermelon Man” at the Walt Disney Concert Hall in downtown Los Angeles.Hancock is already a force in the jazz realm. Outside of his unreal talents on the piano, keyboard, keytar, vocoder, and whatever other instruments he decides to try out on any given night, with more than half a century in the music world and a resume that includes working with everyone from Miles Davis to Pharrell Williams, he more than merited being the sole headliner. Perhaps the greatest talent of a dean like Hancock, though, is his ability to bring great musicians together and create a jazz ensemble wherein any piece is capable of taking the lead.To that end, Herbie didn’t disappoint. On drums, he had Vinnie Colaiuta, who spent much of the 1990s backing Sting after stints with Frank Zappa and Joni Mitchell. On bass guitar, he trotted out James Genus, a towering giant who counts sitting in with the Saturday Night Live studio band as his day job. On keys, synthesizers, and saxophone, Hancock featured Terrace Martin, best known for helping to produce Kendrick Lamar’s album To Pimp a Butterfly—and, soon enough, Herbie’s next LP.The band only expanded outward from there. Over the course of the evening, Robert “Sput” Searight added another percussive presence, and 20-year-old Elena Pinderhughes enriched the soundscape with her vocals and woodwind work on the flute. Legendary L.A. sax man Kamasi Washington rounded out the crew with his massive stature and even bigger sound.They all worked wonderfully as a unit, fluttering in and out of solos, sharing the spotlight and always arriving back at base camp at the exact right moment. As much as Hancock did to combine them, his ability to hand off the proverbial baton—and let it make the rounds in its own time—set the stage for some truly spectacular jazz.It’s in that egalitarianism that jazz both converges with and diverges from jam music. Surely, bands like Phish, Lettuce, Umphrey’s McGee, moe., and, of course, the Grateful Dead follow many of the same precepts as Hancock. Allow every piece of the band to shine. Provide both a theme and the requisite room for variation. Trust your players to find synergy in the farthest-flung corners, and bring each other around to the shared space of a song.Still, in a jam band, there is (almost) always a focal point around which and whom the group and its music revolve. In the Dead, that was Jerry Garcia on guitar and vocals. The same for Phish with Trey Anastasio. Joe Russo’s Almost Dead switches up that formula by organizing around the drums, but the point is the same: find a driving force and let it ride.In a jazz band like Hancock’s, there is no need for leadership like that—at least from a sonic perspective. Truth be told, none of those exquisite musicians would have gathered in that way had Herbie not been the catalyst. But his approach, it seems, was the stuff of Deistic dreams. He only played God insofar as he decided who would partake. The rest he left up to the fates to decide, all the while affording each of his players the chance to express their talents and explore the possibilities therein, as individuals and as a unique lineup.[Photo: Jake Sudek]
Keith Ferazzi, author of Never Eat Alone, once said, “Follow-up is the key to success in any business.” That is certainly true when it comes to the success of your strategic plan. No matter what great strategies you create, if you don’t execute that plan with superior follow-up you just have words on paper.Think about your current 2015 strategic plan. How’s it going for you? Think about to your Fall planning schedule and meeting. How are those lofty goals, tactics and budget projections looking now that the first quarter is complete?With three months in the books, the second quarter is an ideal time to assess how your strategic planning follow-up is going. Here are five suggestions to ensure your follow-up is as strong as possible.Review weekly—You read that right: weekly. Too many times, strategic plans collect dust and we only look at them at monthly or quarterly updates. If you hold a “C” suite position at your financial institution, then every Monday morning (or even Sunday night) take 10-15 minutes to review your goals and strategy. Ask yourself, “what are we doing this week to accomplish these objectives?” continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
“SOLD OUT” has become a symbol of the great event of Istria Wine & Walk in Istria. He bears the title due to the fact that all tickets put up for sale are sold out online within 24 hours. Well, it is a great tourist story and a quality product that is the motive for coming to the destination. Online ticket sales for Istria Wine & Walk started today and it will be interesting to see in how many days or hours 600 tickets will be sold out for this year’s jubilee of this great tourist story. The story is very simple and at least phenomenal. Hard to describe in words or photo and video material, because it simply needs to be experienced. Istria Wine & Walk on this year’s 11-kilometer walk awaits as many as nine top Istrian winemakers and nine local producers and caterers at seven refreshing stops. Every two kilometers, walkers can expect winemakers and local producers who will offer them local indigenous specialties and top wines. I have already written on this topic, read more HERE, and now the fifth edition of the Istria Wine and Walk event has been announced, which will take place on May 18, 2019, starting in Buje, and the question arises as to how many days or hours 600 tickets will be sold out this year. RELATED NEWS: And yes, it is important to point out that these are mostly visitors from Slovenia, Austria, as well as from Croatia. So, people from Zagreb get in the car and come to Istria for the weekend, and in this case the motive for coming is exclusively Wine & Walk. I note that the number of tickets was limited by the organizer to 600 tickets, so as not to create too much crowd, and thus destroy the experience of the whole event, although the interest in this event is much higher. And this is supported by the fact that tickets are sold exclusively online within 24 hours. This year, Oštarija Rondo, Aminess, OPG Radošević, OPG Duniš, All event, Primizia food & wine, Konoba Morgan, Buršić and Veralda are in charge of the gourmet offer, while Kozlović, Franković, Celega, Bassanese, Ravalico, Coronica will offer their wines. Cattunar, Cuj and Veralda. Participants will then visit a lookout point with a view of the peaks of Ćićarija and the sea, and then travel to the Škarlina Nature Park with its unique streams and lakes. On the way, walkers will visit the original exhibition “Friends of Tigor” in the Tigor Gallery and will be greeted by accordion and guitar melodies along the way. The walk ends in Buje at a small fair, with a rich entertainment and music program until late at night, where it will be possible to buy numerous local products as a memento of this unique experience. By the way, Istria Wine & Walk in the past two years has experienced its new great extensions through Wine & Walk by the sea in Novigrad in September, where 500 tickets are available, and in April Sweet Wine & Walk for 300 visitors departing from Momjan. Tickets for the mentioned extensions of the event were sold out in less than three days. Everything in the pre- and post-season. PS Why Wine & Walk is one of the best tourist stories in Croatia and how I personally experienced the Wine & Walk story, find out below in the attachment. FIND OUT WHY ISTRIA WINE & WALK IS ONE OF THE BEST TOURIST STORIES IN CROATIA
In 2019, the Zagreb County recorded 139.720 tourist arrivals, which is 14 percent more than in the same period in 2018 (123.008). The right to support for events important for the tourist offer of Zagreb County can be exercised by public institutions, cities and municipalities, tourist boards and associations of craftsmen who are registered in the Zagreb County and who organize events in its territory. The competition is open until March 10, 2020, and the text of the competition and application forms can be found here, The number of overnight stays also increased by 12 percent, from 205.003 to 229.827.Of the total number of arrivals, 107.821 guests were foreign guests and 31.899 domestic guests. Out of the total number of overnight stays in the Zagreb County, 169.732 overnight stays were realized by foreign guests, and domestic by 60.095 overnight stays. Positive tourism indicators in the last year Funds from the tender can be used to co-finance equipment rental, procurement of working / consumables related to the organization of events, rental of event space, rental of vehicles for the purpose of transport of organizers and contractors related to the organization, accommodation costs, travel costs, promotion costs, services security services and other costs of direct organization of the event. Zagreb County has announced a public tender worth one million kuna for the award of grants to events important for the tourist offer of Zagreb County in 2020. The applicant can apply for and receive grants for a maximum of two events, and the grant can amount to up to 75 percent of the eligible costs of the event for public institutions, cultural institutions, tourist boards and associations of craftsmen. Cities and municipalities can realize from 60 to 100 percent of the project value, depending on the development index of the local self-government unit. Tourists mostly stayed in hotels, household facilities and camps, and according to the organization of arrivals, as many as 75 percent of them came individually, while the other 25 percent came as an agency.
The Dutch Pensions Federation has called on the government to postpone the implementation of planned changes to the pensions system by another year.It said it was concerned ongoing delays in decision-making over the system’s review would pose “great risks” for its proper implementation.The federation was responding to stalled negotiations between the governing coalition parties – the VVD and the PvdA – and the opposition party regarding government plans to reduce tax-facilitated pensions accrual from 2.25% to 1.75% a year.The measure was meant to save €3bn for the national budget, but the opposition – which has a blocking majority in the Senate – fears younger workers will be unable to accrue sufficient pension rights. On 13 December, on national radio, Gerard Riemen, director at the Pensions Federation, said: “We should have had clarity for two months already, as the implementation of changes in pension arrangements usually takes a year.”Postponing the update of the pensions system would also entail a second delay for the new financial assessment framework (FTK), including the new pensions contract.Last year, Jetta Klijnsma, state secretary at the Ministry for Social Affairs, postponed the introduction of the reviewed FTK by a year to 1 January 2015.At the time, both the €293bn civil service scheme ABP and the €134bn healthcare pension fund PFZW, as well as the Pensions Federation, expressed their disappointment, citing uncertainty over the sustainability of the pensions contract, which had already been a subject of debate for four years.The government’s proposals for the new FTK have not yet been published, as a result of the decision to develop a single hybrid pensions contract – rather than a nominal version, as well as one under real terms – following a consultation with the pensions sector.
However, the complaints are likely to relate to individuals rather than the conduct of specific accountancy firms or actuarial consultancies, as the FRC has previously named companies under investigation.The statement did not specify which of the company’s three pension funds were affected by the work undertaken by those under investigation, nor did it specify what area of work by the professionals was being queried.TPR has long been in discussions with the threadmaking company.In February, the firm announced it would be retaining $505m (£342m) to address funding shortfalls within the Brunel, Staveley and Coats UK pension schemes.In its most recent half-yearly report, published 28 July, Coats says it has yet to settle its talks with TPR but re-emphasises its intention to address funding shortfalls with the $505m retained within the company.The company’s half-yearly report adds: “There are active discussions as to the support structure provided by the parent group cash and the level of annual deficit recovery payments.“If a settlement cannot be reached, and the investigation process continues, Coats believes any hearing is unlikely before the fourth quarter of 2016 at the earliest.”It notes that only once a settlement with TPR is reached will the regulator withdraw its Warning Notice, first issued in early 2014. The Financial Reporting Council (FRC), the UK regulator of the accountancy trade, is investigating an unnamed number of accountants and actuaries employed to work for the pension schemes of Guinness Peat Group.The allegations, which relate to schemes sponsored by the company now trading as Coats Group, concern eight years of conduct from 2004 onwards, according to a statement by the FRC.“The decision to investigate,” the FRC said, “follows a referral from the Institute and Faculty of Actuaries regarding matters arising from the Pension Regulator’s (TPR) own ongoing investigation into the group’s pension scheme arrangements.”A spokesman declined to specify the number of individuals involved and said it did not disclose names of individuals while under investigation.
UK defined benefit (DB) scheme sponsors could be sitting on a £260bn (€290bn) accounting black hole, a new study from consultants XPS Group has warned. The accounting gap demonstrated what XPS referred to as the growing difference between “accounting balance sheets and future long-term targets”.Wayne Segers, head of transactions at XPS, said: “The Pensions Regulator is already expecting trustees and employers to set long-term funding targets, which will drive a greater difference between accounting and the cost of pensions.“Accounting disclosures will be an ever more important window in helping to explain this gap and good pension disclosures can help allay concerns around pension contributions and set out a clear path for managing pension risk.” In its 2017 Thematic Review, the UK audit watchdog, the Financial Reporting Council, emphasised the usefulness of DB sponsors not only presenting but also explaining alternative valuations to the accounting measure in their accounts.On other key accounting assumptions, the XPS study broadly confirmed the findings of comparable studies this year from advisers KPMG and Lane Clark Peacock LLP.In relation to discounting, XPS said UK sponsors used an average discount rate of 2.8% during 2018, across a range of 2.6% to 3.1%.The consultancy added that schemes with a rate in excess of 2.85% were likely using a non-standard approach to discounting.On life expectancy, XPS discovered that some 82% of DB schemes had updated their assumptions to take account of the recent slowdown in the rate of longevity improvement.Finally, the XPS survey supported the view that the cost of implementing last year’s equality ruling had turned out to be lower than initially feared.In October, the High Court in London ruled that employers must grant equal “guaranteed minimum pension” (GMP) payments accrued between 1990 and 1997 to both male and female workers.XPS’s analysis showed that the cost of implementing the GMP ruling for most of the schemes in its sample was less than 1% of liabilities.The XPS Group survey was based on an analysis of 150 of the firm’s clients preparing accounts under a range of different financial reporting regimes including International Financial Reporting Standards.
On the sidelines of the ongoing international conference on “Sustainable Maritime Development Towards 2030 and Beyond” being held in Jeddah, Saudi Arabia, World Maritime News had the opportunity to speak with Nancy Karigithu, Principal Secretary for State Department for Shipping and Maritime Affairs (SD&MA), Kenya.Referring to the country’s progress and the future steps in availing of the potential of Blue Economy, Karigithu said that this is a new concept adopted by Kenya. Its development in terms of infrastructure has seen a lot of investment in that area with the aim “to create the right environment for investment and for facilitation of the Blue Economy.”The principal Kenyan seaport, the port of Mombasa, is the gateway to the eastern and central African region and therefore plays a big role in the Blue Economy move. Karigithu explained that the government is undertaking critical infrastructure projects, including the development of the railway system for the transportation of cargo from the port to the hinterland, as well as the ongoing development of another international port, namely the Lamu Port.As part of the Lamu Port-South Sudan-Ethiopia Transport Corridor, the new port represents a government initiative to develop a second deep sea port along the Kenyan coast. The first of the proposed 32 berths at the Lamu Port was scheduled for official opening in October this year.“Capacity building (in terms of human resources) is also the key of the government’s agenda due to creation of jobs and giving the youth the tools and skills to participate in international shipping,” she added.Capacity building would facilitate the development of the country’s own Blue Economy, therefore helping Kenya take part in the global industry in a sustainable manner, but it would also provide for export of labor. In November 2018, the country’s President Uhuru Kenyatta signed an executive order setting up the Bandari Maritime Academy in order to be able to create a maritime center of excellence in maritime training. The move was undertaken in order to develop Kenya’s maritime sector, but also to enable the country to tap into foreign exchange in terms of employment in the international shipping fleet.Furthermore, Kenya is hosting The Africa Maritime Technology Cooperation Centre that has a goal of reducing or mitigating the effects of shipping in port cities. MTCC Africa is undertaking a number of pilot projects towards this area in terms of data collection that are envisioned to lead to a reduction in greenhouse gases from the shipping and maritime sector.Speaking about the greatest maritime potential in Kenya, Karigithu pointed out the port industry as a sector that can facilitate trade and a gateway in terms of logistics. She explained that the country plans to create a free trade zone within the port, therefore enhancing the role it plays in the Blue Economy.“We are also looking at shipping, maritime training and capacity building, not only for Kenya but also for the region around Kenya and East Africa, as well as taking account of the developments in the region, such as the discovery of minerals which accelerated the development of the shipping segment,”Touching upon the topic of “Empowering Women” at this year’s conference in Jeddah, Karigithu said that Kenya has been “very focused on creating gender equality, not just in the maritime sector but in the work place generally.”She explained that the government has been very supportive of the initiative aiming to attract more women to the maritime sector. As an example, Kenya organized networks that enable women to get as much knowledge and information as possible, with an aim of providing the much needed information to young people, particularly girls. In this way, girls at an early age are being informed that there is “potential for lifelong satisfying careers in this sector.”Karigithu further said that the most common challenges that women face in the industry are based on the cultural mindsets that believe that the maritime sector is reserves for men.She listed home front as another challenge, saying that women are generally observed as being home makers. Such a career can become a challenge “unless the whole family stands by the woman,” Karigithu concluded.World Maritime News Staff