Business loss – Loro Dinapoli http://lorodinapoli.org/ Sat, 17 Jul 2021 08:22:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 http://lorodinapoli.org/wp-content/uploads/2021/07/icon-2021-07-06T154208.998-150x150.png Business loss – Loro Dinapoli http://lorodinapoli.org/ 32 32 Aayush Food And Herbs Reports Autonomous Net Loss Of Rs 0.96 Crore In June 2021 Quarter http://lorodinapoli.org/aayush-food-and-herbs-reports-autonomous-net-loss-of-rs-0-96-crore-in-june-2021-quarter/ http://lorodinapoli.org/aayush-food-and-herbs-reports-autonomous-net-loss-of-rs-0-96-crore-in-june-2021-quarter/#respond Sat, 17 Jul 2021 03:34:21 +0000 http://lorodinapoli.org/aayush-food-and-herbs-reports-autonomous-net-loss-of-rs-0-96-crore-in-june-2021-quarter/ Sales drop 71.77% to Rs 11.24 crore Aayush Food And Herbs reported net loss at Rs 0.96 crore in the quarter ended June 2021 compared to net profit of Rs 0.16 crore in the previous quarter ended June 2020. Sales were down by 71 , 77% to Rs 11.24 crore in the quarter ended June […]]]>

Sales drop 71.77% to Rs 11.24 crore

Aayush Food And Herbs reported net loss at Rs 0.96 crore in the quarter ended June 2021 compared to net profit of Rs 0.16 crore in the previous quarter ended June 2020. Sales were down by 71 , 77% to Rs 11.24 crore in the quarter ended June 2021 compared to Rs 39.81 crore in the previous quarter ended June 2020.

DetailsQuarter endedJune 2021June 2020% Var.Sales11.2439.81 -72 % OPM-6.851.26 PBDT-0.940.24 PL PBT-0.960.22 PL NP-0.960.16 PL

Powered by Capital Market – Live News

(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor

First published: Sat July 17, 2021. 07:47 IST


Source link

]]>
http://lorodinapoli.org/aayush-food-and-herbs-reports-autonomous-net-loss-of-rs-0-96-crore-in-june-2021-quarter/feed/ 0
Materials and product launch woes beat Siemens Gamesa forecast http://lorodinapoli.org/materials-and-product-launch-woes-beat-siemens-gamesa-forecast/ http://lorodinapoli.org/materials-and-product-launch-woes-beat-siemens-gamesa-forecast/#respond Thu, 15 Jul 2021 08:29:00 +0000 http://lorodinapoli.org/materials-and-product-launch-woes-beat-siemens-gamesa-forecast/ A wind turbine model with the Siemens Gamesa logo is displayed outside the annual general meeting of shareholders in Zamudio, Spain on June 20, 2017. REUTERS / Vincent West / File Photo Shares fall after company warns of possible loss Second profit warning this year Company cites higher costs and delays related to COVID MADRID, […]]]>

A wind turbine model with the Siemens Gamesa logo is displayed outside the annual general meeting of shareholders in Zamudio, Spain on June 20, 2017. REUTERS / Vincent West / File Photo

  • Shares fall after company warns of possible loss
  • Second profit warning this year
  • Company cites higher costs and delays related to COVID

MADRID, July 15 (Reuters) – Shares of Siemens Gamesa (SGREN.MC) fell 17% on Thursday after the wind turbine maker warned of a possible loss due to the sharp rise in commodity prices and product ramp-up costs.

Parent company Siemens Energy (ENR1n.DE) on Wednesday removed its own margin target to account for the second profit warning from the turbine business in less than three months. Read more

Siemens Energy stock was down 8.5% at 0805 GMT, while the turbine division rallied slightly to 13% lower at 0805 GMT.

Siemens Gamesa is the world’s largest manufacturer of offshore wind turbines which are essential to the plans made by some of the world’s largest economies to reduce carbon emissions.

He tried to turn around a less profitable onshore division and has already lowered its profit ambitions once this year, citing material costs and execution delays that have been exacerbated by the coronavirus pandemic.

The company is grappling with higher ramp-up costs for its 5.X onshore wind platform, particularly in Brazil, where it has complained of supply chain gaps and bottlenecks. logistical strangulation.

Managing Director Andreas Nauen said he remains optimistic the company could achieve a profit margin of 8-10%, but the timeline could be extended from 2023 to 2024.

“We would like to get back to you once we have done our homework,” he told analysts on a conference call.

In recent months, the company has worked to pass the rising costs of materials such as steel on to its customers, Nauen said.

“Of course (the clients) don’t discuss it with pleasure, that’s clear… it’s also clear that given the scale of the increases, it can’t stay with us,” he said. declared.

Siemens Gamesa has now lost nearly a third of its market value so far this year, extending losses that began in January with a sectoral decline in renewable energy inventories after a dizzying spike accumulated after a first pandemic crisis in 2020.

Siemens Energy was split from Siemens AG (SIEGn.DE) and listed last year.

Reporting by Isla Binnie Editing by Jason Neely, David Goodman, Philippa Fletcher

Our standards: Thomson Reuters Trust Principles.


Source link

]]>
http://lorodinapoli.org/materials-and-product-launch-woes-beat-siemens-gamesa-forecast/feed/ 0
Economists estimate $ 100 million lost in revenue with Georgia leaving All-Star Game http://lorodinapoli.org/economists-estimate-100-million-lost-in-revenue-with-georgia-leaving-all-star-game/ http://lorodinapoli.org/economists-estimate-100-million-lost-in-revenue-with-georgia-leaving-all-star-game/#respond Wed, 14 Jul 2021 02:30:00 +0000 http://lorodinapoli.org/economists-estimate-100-million-lost-in-revenue-with-georgia-leaving-all-star-game/ ATLANTA, Georgia (WJBF) – Georgia’s loss is Colorado’s victory, with today’s All Star-Game taking place in Denver instead of Atlanta. MLB made decision to leave Atlanta after Gov. Brian Kemp signed Senate Bill 202 enacted in March and asserts that the “law on the integrity of elections” deprives minority voters of the right to vote. […]]]>

ATLANTA, Georgia (WJBF) Georgia’s loss is Colorado’s victory, with today’s All Star-Game taking place in Denver instead of Atlanta.

MLB made decision to leave Atlanta after Gov. Brian Kemp signed Senate Bill 202 enacted in March and asserts that the “law on the integrity of elections” deprives minority voters of the right to vote.

Economists say the short-term loss of the MLB game leaving Atlanta could have long-term ripple effects.

Mike Lewis, professor of marketing at Goizueta Business School at Emory University, said: “I think there are direct economic impacts. You lose the hotel activity, the commercial activity. I’ve seen people put in a number of $ 100 million, but the long run is more questionable and more dangerous. If the state of Georgia starts losing movies, if Major League Baseball starts losing fans.

Bill Crane, political analyst at CSI Crane, said: “This is a kick in the teeth for the convention industry which has already emerged from the pandemic. Reservations have been made months in advance which are canceled, aerial BNBs contracted, and rentals in the North Atlanta Metropolitan Arc. “

Georgia Governor Brian Kemp blames Democrats like Stacey Abrams for the “cancellation culture” for losing state business.

Deborah Scott, CEO, said, “Business as usual cannot happen in Georgia. It is a state that has been repressive towards blacks and browns. “

“If you think of Georgia as a brand and MLB as a brand, people love brands because of their memories and experiences with them,” Lewis said.

Scott said: “Sometimes change is brutal and messy and sometimes it costs money. Doing the right thing also costs money. It is not a culture of cancellation but a question of responsibility.

But voting rights groups say MLB made the right choice because it shows that bad policy measures will impact business in Georgia.

“I think the fact that the game has moved is a responsible gesture on the part of some business leaders. I think this is a good thing. Sometimes we have to go through tough times to get to a better reality, ”Scott said.

The MLB move prompted other industries to move camps out of Georgia like Will Smith’s latest film. Religious leaders even triggered a boycott of Home Depot for failing to take a public stand on Senate Bill 202.

Democrats argue Senate Bill 202 harms black voters and is a retaliatory bill for Georgia that turns blue, and restricts drop boxes and people getting food and water online.

However, according to Republicans in the state, even though there hasn’t been widespread fraud, these checks and balances, such as photo IDs for mail-in ballots, are needed to restore voter confidence and the integrity of elections.



Source link

]]>
http://lorodinapoli.org/economists-estimate-100-million-lost-in-revenue-with-georgia-leaving-all-star-game/feed/ 0
UFC 264 live updates, results: Conor McGregor vs. Dustin Poirier http://lorodinapoli.org/ufc-264-live-updates-results-conor-mcgregor-vs-dustin-poirier/ http://lorodinapoli.org/ufc-264-live-updates-results-conor-mcgregor-vs-dustin-poirier/#respond Sun, 11 Jul 2021 05:55:00 +0000 http://lorodinapoli.org/ufc-264-live-updates-results-conor-mcgregor-vs-dustin-poirier/ Experts make their picks Conor McGregor vs. Dustin Poirier III “Dustin Poirier exposed Conor McGregor in his second fight when he understood something about ‘Notorious’. The statistic is that 70% of the UFC trilogies go in favor of the winner of the second fight, but if there’s anyone who can challenge those numbers, it’s McGregor. […]]]>

Experts make their picks Conor McGregor vs. Dustin Poirier III

“Dustin Poirier exposed Conor McGregor in his second fight when he understood something about ‘Notorious’. The statistic is that 70% of the UFC trilogies go in favor of the winner of the second fight, but if there’s anyone who can challenge those numbers, it’s McGregor. He is an exciting fighter and a prodigious businessman and beating Poirier is always a possibility even if his recent numbers do not support this claim. McGregor has remained busy outside the Octagon where his popularity demands his presence but his credibility inside the cage is fading. Beating Poirier would be a great booster, but I don’t expect that to happen. Poirier will win it again by TKO in the fourth round.

– Jad El Reda, sports editor of LA Times en Español

“Dustin Poirier has become an incredible fighter, and he’s on a Khabib Nurmagomedov level run, beating five current or former champions in the past four plus years. Conor McGregor has heavy hands and kicks, and will likely use his moves and kicks more than he did in the January rematch. But Poirier is the most diverse striker, and if he weather the storm that looms, it’s his fight to win. Poirier by decision.

– Kevin Iole, Combat Sports Writer for Yahoo! Sports

“Conor McGregor’s trip to the top in weight hasn’t gone so well. He’s 3-3 as a lightweight and welterweight after going 7-0 with 6 knockouts at 145 pounds. didn’t necessarily travel with him as Dustin Poirier acclimated to the division with wins over some of the best 155 pounds in the world. Poirier’s January knockout victory over McGregor was no fluke and amplified the fact that McGregor is a favorite that often runs out of gas. Poirier will likely deploy calf kicks again to slow McGregor down before resuming activity and finishing work in the third or fourth round. “

Dustin Poirier poses during a weigh-in ceremony for a UFC 264 fight on Friday in Las Vegas. Poirier set to face Conor McGregor in a lightweight bout in Las Vegas on Saturday

(John Locher / Associated Press)

– Andreas Hale, Combat Sports Editor for Sporting News

Conor McGregor injured Dustin Poirier in the rematch, but this time he’ll stop him by knockout.

– Mike Coppinger, combat sports reporter for ESPN

“Conor McGregor could absolutely make the adjustments necessary to beat Dustin Poirier in the trilogy fight. McGregor looked good in the first round in January; he shook Poirier with a left hand at one point. But despite that, Poirier performed perfectly and some of that mystique seems to have come from McGregor. The fights aren’t exactly won by the mystique, however. They are won by higher skills. Poirier has more ways to come out victorious here than McGregor. I think McGregor is going to put him through hell for the first 10 minutes. But ultimately, I will take Poirier by submission in the fourth round.

– Marc Raimondi, combat sports reporter for ESPN

“Will we see a more focused Conor McGregor just six months after suffering his first TKO loss to Dustin Poirier?” Without a doubt, that’s why he kept a low profile during training camp and largely avoided interviews. While an even more inspired McGregor might outlast his January loss, the bigger issue is that he faces a battle-tested version of Poirier who may well be better than him in every facet of the game. will always be a dangerous threat to reach his opponent’s chin early on, but the longer this fight lasts, especially if Poirier uses his wrestling, the idea of ​​an exhausted McGregor becomes more likely.

– Brian Campbell, CBS Sports insider

“Dustin Poirier is a better mixed martial artist than Conor McGregor. We saw it in their second fight. Poirier typically outshines his enemies in sustained bursts, and that factor might be too difficult for McGregor to overcome, even as the Irishman keeps “The Diamond” within reach of his left hand. It’s up to McGregor to make defensive and tactical adjustments. During this time, he still has to deal with precise punches and threats of submission. Poirier remains calm under the pressure of winning the trilogy by TKO in the fourth round. “

– Josh Gross, Editor-in-Chief of Sherdog.com

Conor McGregor reacts after losing to Khabib Nurmagomedov in 2018

Conor McGregor reacts after losing to Khabib Nurmagomedov in a 2018 lightweight title fight at UFC 229 in Las Vegas.

(John Locher / Associated Press)

“A lot of people, myself included, wrote Dustin Poirier at the expense of a Conor McGregor win ahead of their rematch on Fight Island earlier this year. Not yet. While McGregor hasn’t had a significant win since finishing Eddie Alvarez five years ago, Poirier has had plenty – including that second-round shellacking in which he threw McGregor through hell. Everything we’ve seen lately, including this light fight in January, suggests that Poirier has clear advantages in form, technique, athleticism, power and strategy. Above all, he may have also won the mental game. McGregor this week opened up about corpses and tried to get Poirier’s wife Jolie into his pre-fight shenanigans in an attempt to get into Poirier’s mind. As Poirier only laughed, the only person whose mind seems affected right now is McGregor’s. For me, this is clearly a case of repetition. Same winner, same result – Poirier in the second round.

– Alan Dawson, Combat Sports Correspondent for Business Insider

“Dustin Poirier is in Conor McGregor’s head. Poirier posed McGregor with his hands. They may be 1-1 in the trilogy, but Poirier has proven to be the most advanced mixed martial artist in 2021. I don’t think McGregor can gain enough ground in the sport he has let pass. due to his inactivity and an affair with boxing. It will be another pleasure, but the best always wins. Poirier by a finish in the middle.

– Scott Fontana, MMA reporter and editor of the New York Post

“Not enough time has passed for me to face Dustin Poirier. I think Poirier outlasts Conor McGregor in a slower paced fight and turns up the volume late for a third or fourth round.

– Aaron Bronsteter, MMA reporter and content editor for TSN Sports

“I expect Conor McGregor to fight better than he did in the second fight. He will adapt to Dustin Poirier’s calf blows and will try not to be satisfied with boxing for the most part. But ultimately, I think it won’t matter unless he takes Poirier out quickly. The rematch showed Poirier to be a better forward, and truly at this point in his career, a better MMA fighter than McGregor. I think Poirier will weather the first storm again, break McGregor with his precise boxing and grueling pace, and then arce will choke him when he’s injured. Poirier by submission in the third round.

– Mookie Alexander, Associate Editor of BloodyElbow.com

“The only thing I’m semi-confident about this game is that it won’t last long. The rubber matches in MMA’s best trilogies all seem to end in a knockout, and I expect Poirier-McGregor III to follow suit. These two hitters obviously know each other pretty well at this point, and I think they’re ready to trade leather and crack up a few times at UFC 264. So who’s the last man standing? Based on height, cardio and heart, “Diamond” is my choice. I got Poirier via TKO in round two in what should be a slugfest crackerjack.

– Dann Stupp, writer for PlayVirginia.com


Source link

]]>
http://lorodinapoli.org/ufc-264-live-updates-results-conor-mcgregor-vs-dustin-poirier/feed/ 0
Delta Corp reports consolidated net loss of Rs 28.93 crore in June 2021 quarter http://lorodinapoli.org/delta-corp-reports-consolidated-net-loss-of-rs-28-93-crore-in-june-2021-quarter/ http://lorodinapoli.org/delta-corp-reports-consolidated-net-loss-of-rs-28-93-crore-in-june-2021-quarter/#respond Sat, 10 Jul 2021 03:34:13 +0000 http://lorodinapoli.org/delta-corp-reports-consolidated-net-loss-of-rs-28-93-crore-in-june-2021-quarter/ Sales increase 56.95% to Rs 75.87 crore Delta Corp’s net loss reported at Rs 28.93 crore in the quarter ended June 2021 compared to a net loss of Rs 28.24 crore in the previous quarter ended June 2020. Sales increased 56.95% at Rs 75.87 crore during the quarter ended June 2021 against Rs 48.34 crore […]]]>

Sales increase 56.95% to Rs 75.87 crore

Delta Corp’s net loss reported at Rs 28.93 crore in the quarter ended June 2021 compared to a net loss of Rs 28.24 crore in the previous quarter ended June 2020. Sales increased 56.95% at Rs 75.87 crore during the quarter ended June 2021 against Rs 48.34 crore during the previous quarter ended June 2020.

DetailsQuarter endedJune 2021June 2020% Var.Sales75.8748.34 57 % OPM-36.68-68.31 PBDT-22.09-21.39 -3 PBT-35.43-34.78 -2 NP-28.93-28.24 -2

Powered by Capital Market – Live News

(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor

First published: Sat July 10, 2021. 07:50 IST


Source link

]]>
http://lorodinapoli.org/delta-corp-reports-consolidated-net-loss-of-rs-28-93-crore-in-june-2021-quarter/feed/ 0
The fishing and seafood industries affected by the red tide http://lorodinapoli.org/the-fishing-and-seafood-industries-affected-by-the-red-tide/ http://lorodinapoli.org/the-fishing-and-seafood-industries-affected-by-the-red-tide/#respond Thu, 08 Jul 2021 22:30:00 +0000 http://lorodinapoli.org/the-fishing-and-seafood-industries-affected-by-the-red-tide/ WASHINGTON – A serious outbreak of red tide and large fish being killed off the coast of St. Petersburg is raising concerns over the state’s fishing and seafood industry. What would you like to know The US Department of Commerce recently denied Florida disaster aid for fisheries affected by the 2018 red tide Sens Scott […]]]>

WASHINGTON – A serious outbreak of red tide and large fish being killed off the coast of St. Petersburg is raising concerns over the state’s fishing and seafood industry.


What would you like to know

  • The US Department of Commerce recently denied Florida disaster aid for fisheries affected by the 2018 red tide
  • Sens Scott and Rubio are unhappy with the move
  • Business owners worry about another similar success in 2018

It is the worst algal bloom since 2018, when the rising tide killed around 2,000 tonnes of marine life and caused millions of dollars in trade losses.

“What we are seeing now are the impacts of possibly dead fish floating more and more on the water,” said Karen Bell, owner of AP Bell Fish Co.

Bell knows that the family-owned fish wholesale and retail business operates at the mercy of nature. The red tide is of particular concern to the company, which employs 25 workers in Cortez and 100 fishermen.

“What I correlate with the red tide is the lack of production,” Bell said in an interview with Spectrum News. “At the moment they are not taking any inshore species. And I think it has to do with the red tide.”

In their most recent sampling, the Florida Fish and Wildlife Conservation Commission identified a red tide around Tampa Bay ranging from very low in some places to high concentrations in others.

Bell wonders if the company is about to take a hard hit, as it did following a serious algae bloom three years ago.

“It was really tough for us – 2018 was tough,” she said. “There were weeks when there was no coastal production at all.

“The Bay Guys must have traveled much further, literally 50 miles north or 50 miles south. “

The U.S. Department of Commerce recently denied Florida disaster assistance for fisheries affected by the 2018 red tide.

“The secretary made her decisions based on scientific analysis from the National Oceanic and Atmospheric Administration showing that the percentage of lost income was not large enough to indicate that a commercial fishery failure has occurred. “said Kate Goggin, spokesperson for NOAA Fisheries, which is under the jurisdiction of the US Department of Commerce.

“Analysis of the available information suggests that the 2018 and 2019 red mullet, red grouper and stone crab fisheries experienced a sudden and unexpected decrease in biomass which resulted in loss of access to the fishery, and was very probably the result of the red tide events, ”Goggin said.

“However, the loss of income for mullet and red grouper in these counties was small (less than 35%). While the loss of income for stone crab in these counties was slightly higher, the landings data indicate that stone crab fishermen have moved to other fisheries in other areas to mitigate the loss of income in Lee, Collier and Charlotte counties, ”she added.“ Based on these findings, the percentage of lost income in these counties is not large enough to indicate that a commercial fishery failure has occurred for the mullet, red grouper or stone crab fishery as a whole. “

Senators Rick Scott and Marco Rubio blow up the decision.

In a statement, Rubio called it “a clearly political decision that risks serious consequences for the economies of the communities directly affected”.

Scott’s office said the damage to Florida fishermen and seafood producers between 2015 and 2019 was immense.

“Secretary Raimondo’s decision was a mistake, and Senator Scott will continue to work with the entire Florida delegation on the way forward,” said Sarah Schwirian, spokesperson for Scott.

As for Bell, she said federal assistance would be helpful. However, she said her business will adapt to whatever nature gives her and last as it always has.

“I don’t tend to dwell on the negative if I can help myself, especially things beyond my control,” she said. “But again, we’ll be careful, we’ll do our best.”


Source link

]]>
http://lorodinapoli.org/the-fishing-and-seafood-industries-affected-by-the-red-tide/feed/ 0
Defeat defeat defending champions look to Game 5 | Sports http://lorodinapoli.org/defeat-defeat-defending-champions-look-to-game-5-sports/ http://lorodinapoli.org/defeat-defeat-defending-champions-look-to-game-5-sports/#respond Wed, 07 Jul 2021 11:45:00 +0000 http://lorodinapoli.org/defeat-defeat-defending-champions-look-to-game-5-sports/ TAMPA, Fla – It was no coincidence. Montreal 5-foot-9 forward Brendan Gallagher continued past Tampa Bay 6-foot-6 defenseman Victor Hedman after the first period of Game 4 of the Stanley Cup Final, pushing him aside and moving the linesmen . of how to continue the altercation. The Canadians still look out of place behind the […]]]>

TAMPA, Fla – It was no coincidence. Montreal 5-foot-9 forward Brendan Gallagher continued past Tampa Bay 6-foot-6 defenseman Victor Hedman after the first period of Game 4 of the Stanley Cup Final, pushing him aside and moving the linesmen . of how to continue the altercation.

The Canadians still look out of place behind the Lightning 3-1, but they ultimately showed fire by avoiding elimination and forcing a Game 5.

“It’s part of our game,” coach Dominique Ducharme said on Tuesday. “Maybe we’ve taken it to another level… but if you watch us play all year, and even more so in the playoffs, that’s part of our game.”

The Lightning have their next chance Wednesday night to take out the fiery Canadians and lift the Stanley Cup for the second time in 10 months. The NHL and teams are monitoring the track of a tropical storm that has a potential hurricane to strike over the west coast of Florida.

“We will continue to monitor and make a call when we need to,” NHL Deputy Commissioner Bill Daly told The Associated Press in an email. “We have some flexibility. “

After losing in overtime to spoil the first chance to win, Tampa Bay is determined to finish the job at the next opportunity.

“It’s tough enough to beat a team, let alone knock them out in four, and we’re in the Stanley Cup final,” said coach Jon Cooper. “It’s two good hockey teams going head-to-head, and the series was supposed to last over four games.”

The Canadiens made sure of that thanks to overtime winner Josh Anderson on Monday night. Even though they weren’t the best team, they were definitely the aggressors.

It meant hammering Lightning stars Nikita Kucherov and Brayden Point and pushing him after play was stopped. It’s about the mark for Montreal and a key to winning this deep in the playoffs.

“We talked about exhausting the teams,” said veteran winger Corey Perry. “Every night you have to keep doing the little things: keep pushing the puck deep, hitting the body. It takes a toll on guys.

It’s a toll the Lightning can’t afford to pay even with a clear advantage in the series. Several players are being assaulted and it is in their best interest to try to wrap up this series before attrition builds up.

The Tampa Bay players also want to stay away from post-whistle shenanigans that only serve to motivate the Canadiens underdogs.

“I think we have to stay out of this stuff,” center Anthony Cirelli said. “It’s two physical teams that are tackling it. It’s the Stanley Cup final. So I think the two teams are going to fight and we should be ready and we have to go further. “

It means going back to the style that allowed the Lightning to advance to the final and lead them 3-0. After dominating the Canadiens and losing, they have no intention of giving up their game plan entirely.

“We stick to our process, the way we always do our business,” said defenseman Ryan McDonagh. “Any game, whether you win or lose, you like parts of it, you don’t like parts of it, you look at the things you get better at and go from there. “

The Canadiens would like to avoid another eight-minute drought early in a game and can’t count on Carey Price to get them out of another bad start. An early Lightning goal with the Cup in a building filled with 17,000 Lightning fans would be a bad recipe for Montreal.

Perry understands this task better than anyone. He played for the Dallas Stars last year when they avoided double-overtime elimination against Tampa Bay before losing the series in Game 6.

The 36-year-old plans to tell his teammates to be confident and “play to win, not lose” as a loss gives the Lightning the championship they’ve worked for.

“Have fun, be ready but work,” Perry said. “You look at the playoffs as a whole and there are ups and downs and peaks and valleys, momentum changes here, momentum changes there. You just have to be ready to play that next game. You know they are going to perform at their best.


Source link

]]>
http://lorodinapoli.org/defeat-defeat-defending-champions-look-to-game-5-sports/feed/ 0
Empathy training camp? UK Banks Seek to Recover $ 105 Billion COVID Loans http://lorodinapoli.org/empathy-training-camp-uk-banks-seek-to-recover-105-billion-covid-loans/ http://lorodinapoli.org/empathy-training-camp-uk-banks-seek-to-recover-105-billion-covid-loans/#respond Tue, 06 Jul 2021 07:24:00 +0000 http://lorodinapoli.org/empathy-training-camp-uk-banks-seek-to-recover-105-billion-covid-loans/ Banknotes and coins are seen inside a cash register at a bar in Manchester, Britain September 6, 2017. REUTERS / Phil Noble / File Photo Over $ 100 billion in government-guaranteed loans maturing Burned down in 2008, British banks hope to restore their reputation Some small businesses complain about brutal reimbursement requests LONDON, July 6 […]]]>

Banknotes and coins are seen inside a cash register at a bar in Manchester, Britain September 6, 2017. REUTERS / Phil Noble / File Photo

  • Over $ 100 billion in government-guaranteed loans maturing
  • Burned down in 2008, British banks hope to restore their reputation
  • Some small businesses complain about brutal reimbursement requests

LONDON, July 6 (Reuters) – As repayment deadline approaches for more than £ 75bn ($ 104bn) in state-guaranteed emergency loans, UK banks must take a tough road with businesses supported during the pandemic.

Faced with attempts to limit losses for themselves and for taxpayers, but also to avoid a repeat of the consequences of the 2008 financial crisis, when banks were vilified and forced to pay millions of pounds in reparation for Heavy debt repayment tactics, lenders promise that this time will be different.

With the first COVID loan repayments coming due, Britain’s four largest banks have hired more than 750 debt collection experts and training is being provided on how to handle customers sensitively.

“We did a bootcamp training to make sure they are all ready to go,” said Hannah Bernard, head of corporate banking at Barclays.

As one of the first major markets to start collecting state-guaranteed loans against the pandemic, the world will be watching the plight of UK banks.

The government’s first estimate was that losses on the most popular rebound loan program that allowed small businesses to borrow up to £ 50,000 with few questions asked – could go up to 60%, taking into account credit problems and fraud.

Although the loans are 100% or 80% guaranteed by the government – which limits the potential financial difficulties for the banks – they must make every effort to collect before the state pays and some bankers have said that these costs could mean they are making an overall loss on the scheme.

DISPUTE TREATMENT

So far, senior bankers polled by Reuters have said outright fraud cases appear to be fewer than expected. There are also mechanisms for most borrowers to extend their payments, but evidence of disputes with borrowers is emerging.

Social media posts from disgruntled customers, interviews with small businesses and copies of letters sent by banks to customers and seen by Reuters show some borrowers are unhappy with their treatment.

“This will be a big test of the proportions of 2008,” said lawmaker and chairman of the All-Party Group for a Fair Merchant Bank, Kevin Hollinrake. “I am very concerned, because the warm words of the banks… from above have not always been reflected in actions on the surface of the coal.”

A National Health Service doctor, who took out a bounce-back loan for a private practice, told Reuters after checking a box on an HSBC form asking if he was in financial difficulty, he was dismayed to see the extension hoped for declined and the bank immediately took full payment.

HSBC said it tried to contact the customer three times through different channels and its online forms made it clear that ticking the box would automatically exclude a postponement.

Other bank customers saw the full loan amount of £ 50,000 requested within 14 days and were told they had made errors in the application or were never eligible, according to copies of letters which were sent to them and reviewed by Reuters.

Bankers said rough handling and requests for immediate reimbursement would only occur in cases of suspected fraud. They do not want to risk undoing the impression that British banks have had a “good crisis”.

On a first wave of around 60,000 matured rebound loans at NatWest, only a single-digit percentage failed the first payment, said Andrew Harrison, acting head of corporate banking.

Still, cutting hundreds of bank branches in recent years won’t help resolve any disputes, business leaders said.

“As more and more businesses start to struggle this is the time when the bank should be the right advisor and I don’t think businesses view them that way, everything was done by algorithms so there is no relationship, ”said Richard Burge, chief executive of the London Chamber of Commerce.

“EMPATHY TRAINING”

Perhaps the real pain is yet to come.

“We should not underestimate the high and continued level of government support, and once it is extinguished the question is how many businesses can really survive,” said Harrison of NatWest.

The bank, which renamed its “debt management operations” unit “financial health and support,” hired an additional 150 employees for debt collection, he said, and used behavioral science techniques. to better understand customers’ reading skills and eliminate jargon.

HSBC has also hired around 200 additional staff and trained them to empathize with customers, said Amanda Murphy, head of the lender’s commercial banking.

“What we’re better at now, and it’s not just banks, but I think society is to better understand vulnerability, people’s stress, and the connection between work and personal life.” , she said.

“If someone says ‘I’m at my end of the line’ it’s not just a phrase,” Murphy said.

Staff have been trained on how to handle and refer such cases to specialist teams, as well as educate clients about independent third-party resources, she said.

CRACKS APPEAR

With the collapse of an industry-wide collection agency’s plans, banks will face a rigorous scrutiny of how they collect loans and, in some cases, how much they charge. .

Most of the loans have been made at low interest rates, making debt servicing relatively easy for businesses – including bounce loans set at 2.5% – but a significant portion has been granted in under other programs without a fixed price.

More than £ 3 billion in funds for nearly 17,000 businesses have been billed at double-digit interest rates, according to figures obtained in an access to information request by the anonymous activist of the small business, Mr. Bounce Back.

These higher rates were mainly charged by non-bank lenders unable to benefit from the cheap financing of the Bank of England.

Business bank account provider Tide recently told small businesses it won’t offer deferral on bounce loans because it can’t afford it, Reuters reported.

“We really wanted to help and are as disappointed as anyone,” said Oliver Prill, CEO of Tide, who urged the BoE to open up its cheap funding to non-banks.

As the industry has been largely successful in getting cash fast for businesses that need it, the challenge now is to avoid undoing all that good work throughout the collection process.

“No bank wants the reputation the industry had 13 years ago, no one wants that,” said Murphy of HSBC.

Reporting by Lawrence White and Iain Withers, editing by Rachel Armstrong and Elaine Hardcastle

Our standards: Thomson Reuters Trust Principles.


Source link

]]>
http://lorodinapoli.org/empathy-training-camp-uk-banks-seek-to-recover-105-billion-covid-loans/feed/ 0