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☆ Britain's M&S cautious on outlook after first-half profit beats expectations
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

Jeans are seen for sale at Marks and Spencer, Hempstead Valley branch at the soon to be opened clothes branch of the store in Gillingham, Britain, June 1, 2020. But it cautioned the economic outlook remained uncertain and flagged the impact on the consumer from the highest interest rates in 20 years, deflation, geopolitical events, and erratic weather. "Therefore, against more challenging comparatives, we expect profit before tax and adjusting items to be weighted towards the first half, as we remain laser-focused on our long-term ambition to reshape M&S for future growth," it said. M&S reported profit before tax and adjusting items of 360.2 million pounds ($442 million) for the six months to Sept. 30, versus analysts' average forecast of 276 million pounds and 205.5 million pounds made in the same period last year. ($1 = 0.8149 pounds)Reporting by James Davey; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

Persons: Jeans, Dylan Martinez, Spencer, MKS.L, James Davey, Kate Holton Organizations: REUTERS, Marks, Thomson Locations: Marks, Spencer, Hempstead Valley, Gillingham, Britain

☆ M&S shares soar as first-half profit smashes forecasts
▼ + stars: | 2023-11-08 | by ( James Davey | ) www.reuters.com time to read: +3 min

SummaryCompanies First-half profit up 75%Cautions second half won't be as strongDividend restoredShares up 10%LONDON, Nov 8 (Reuters) - Marks & Spencer (M&S) expects full-year profit to leap more than 30% after an overhaul of its food, fashion and supply chain helped the British retailer smash first-half forecasts, sending its shares soaring on Wednesday. First-half profit jumped 75%, the dividend was reinstated as promised, and the company said shoppers were already snapping up its Christmas ranges. It now expects analysts' consensus forecast for annual profit to rise to 640 million pounds ($785 million) from 575 million pounds currently, versus 482 million pounds in 2022/23. M&S reported profit of 360.2 million pounds for the six months to Sept. 30, versus analysts' average forecast of 276 million. As flagged in May, M&S restored its dividend with a 1 pence interim payout, its first since 2019/20.

Persons: Spencer, Ian Lance, Stuart Machin, Dylan Martinez, Peel Hunt, James Davey, Kate Holton, Mark Potter Organizations: S's, Reuters, REUTERS, Revenue, Peel, Thomson Locations: British, Redwheel, Marks, Spencer, Hempstead Valley, Gillingham, Britain

☆ Opinion | The Fed Drove up Mortgage Rates. Why Doesn’t That Count as Inflation?
▼ + stars: | 2023-09-22 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

From March 2022, when the Fed began raising rates, through this July, personal interest payments, excluding those on mortgage loans, rose 69 percent, according to Bureau of Economic Analysis data. Mortgage interest was in the C.P.I. But if you own and the price of your house goes up, that’s kind of good. To put it another way, interest is fundamentally different from the goods and services in the Bureau of Labor Statistics’ marketbasket. Taking out a 30-year mortgage loan allows you to move into a house now.

Persons: ” Robert Gillingham, Walter Lane, ”, homeownership Organizations: Fed, Bureau of Labor Statistics, bureau’s, Labor, of Labor Statistics ’

☆ Luton ready to crank up volume in first top-flight home game for 31 years
▼ + stars: | 2023-08-31 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

But anticipation is building for the visit of West Ham, who will become the first top-flight team to play a league match at Kenilworth Road since Aston Villa 31 years ago. The volume created by the Hatters fans crammed in on Friday will shake the 118-year-old stadium to its foundations. Forward Cauley Woodrow, who scored in the League Cup win at Kenilworth Road against Gillingham this week, said Luton needed to turn their home into an intimidating 'fortress'. Arsenal's priority will be avoiding any repeat of the early goals they have conceded on a regular basis at home of late. Andreas Pereira's strike for Fulham after 57 seconds last weekend meant the Gunners became the first Premier League team to concede a first-minute goal three times in a calendar year.

Persons: Matthew Childs, hemming, Rob Edwards, We've, Woodrow, Luton, Bramall, Mikel Arteta's, Andreas Pereira's, Martyn Herman, Ken Ferris Organizations: Soccer, Luton Town, Gillingham, Kenilworth, Luton, West Ham United, Burnley, Brighton & Hove Albion, Chelsea, Premier League, Coventry City, Aston Villa, Hatters, League, West Ham, Hammers, Manchester City, Fulham, London, Tottenham Hotspur, Sheffield United, Everton, Newcastle United, Arsenal, Manchester United, Gunners, Thomson Locations: Luton, Britain, Kenilworth, West Ham, West, Bramall Lane, Liverpool, Brighton, Saturday's

☆ America’s Green Skills Gap Raises Concerns About Energy Transition
▼ + stars: | 2023-07-06 | by ( Dieter Holger | ) www.wsj.com time to read: +7 min

But recent data shows strong growth in demand for green skills exacerbating an already tight market where demand outstrips supply. The online professional network defines green skills as those that make economic activities more environmentally sustainable, such as carbon accounting, hydrogen engineering and battery manufacturing. It considers green jobs to be ones which include climate action objectives such as removing pollution and preserving natural resources. Likewise, more than 114,000 U.S. clean energy jobs were created in 2022, according to last week’s annual employment report from the U.S. Department of Energy. As of 2023, nearly 11% of U.S. transport workers, such as employees of carmakers, have green skills, according to LinkedIn.

Persons: ”, Sue Duke, Kenneth Gillingham, ” Gillingham, Tim Gruber, Gillingham, Sara Smiley Smith, Steven Cohen, Cohen, Todd Anderson, Rochelle Toplensky, Dieter Holger Organizations: U.S, LinkedIn, Wall Street, U.S . Department of Energy, Political Economy Research, University of Massachusetts Amherst, American Clean Power Association, Sustainable Business, Yale School of, Workers, Nobles, Environment, Yale, Columbia, Science, Sustainability Management, The Wall, dieter.holger Locations: U.S, Reading, Minn, Woodbine , Georgia

The referendum, which comes amid a wider reckoning over race relations, proposes to change the constitution and establish an advisory body called the Indigenous Voice to Parliament to give Indigenous Australians a direct say in policies that affect them. Five of those polled were funding or planned to fund the "Yes" campaign, while none endorsed nor were contributing to "No". Commonwealth Bank told Reuters it plans to fund the "Yes" campaign and had hosted two panel discussions with Indigenous speakers. Rio Tinto, which faced criticism in 2020 for destroying Indigenous rock shelters, said the Voice would bring an "additional lens" to government decision-making. Aurora Milroy, a lecturer in Indigenous affairs at the University of Western Australia, said supporting the Voice was easy publicity for companies.

Persons: Rita Wright, Loren Elliott, Anthony Albanese, Intifar Chowdhury, Albanese, Meg O'Neill, Ross Piper, Baker McKenzie, Thomas Mayo, Kate Gillingham, Peter Dutton, Coles, Rio Tinto, Fortescue, Aurora Milroy, Byron Kaye, Praveen Menon, Melanie Burton, David Crawshaw, Devayani, Anant Chandak, Veronica Khongwir, Sujith Pai Organizations: Australian, REUTERS, Australia's, BHP, Rio Tinto, Woodside Energy, Commonwealth Bank of Australia, Labor, Voice, National, Nine Entertainment, Reuters, Commonwealth Bank, Ethical Investment, Qantas, Australian Financial, Liberal, Fair Australia, Miners, Fortescue Metals, University of Western, Thomson Locations: Sydney, Australia, Rio, Western Australia, Woodside, Queensland, University of Western Australia, Melbourne

☆ The Book That Changed Robert Rubin’s Thinking About Poverty
▼ + stars: | 2023-06-15 | by ( ) www.nytimes.com time to read: +2 min

In addition to the subject’s fascinating life — among much else, she was Virginia Woolf’s muse and longtime lover — I always enjoy books about that era. What’s the most interesting thing you learned from a book recently? I recently finished a book called “1215: The Year of Magna Carta,” by Danny Danziger and John Gillingham. Our political system and government. You’ll find more recent examples of the genre — especially those by David Baldacci and Daniel Silva — on my shelves, too.

Persons: Victoria Glendinning, ”, Vita, —, Danny Danziger, John Gillingham, I’d, Roger Lowenstein, who’s, Federal Reserve —, haven’t, Chris Whipple’s, Coffin, Dimitrios, Eric Ambler, Helen MacInnes, You’ll, David Baldacci, Daniel Silva — Organizations: Bloomsbury Group, Magna Carta, Wall Street, The Times, Federal Reserve, Scottish Locations: Vita Sackville, West, England, Virginia, Scottish American

☆ Iheanacho sends Leicester into FA Cup fifth round, Leeds also win
▼ + stars: | 2023-01-28 | by ( ) www.reuters.com time to read: +3 min

SummarySummary Companies Leicester scrape past fourth-tier WalsallLeeds win 3-1 at Accrington StanleyFulham salvage 1-1 draw with SunderlandWALSALL, England, Jan 28 (Reuters) - Kelechi Iheanacho spared Leicester City from a potential FA Cup giant-killing as his second-half goal saw the Foxes beat fourth-tier Walsall 1-0 and progress to the fifth round on Saturday, while Leeds advanced with a 3-1 win over Accrington Stanley. Southampton put their Premier League woes aside to beat Championship strugglers Blackpool 2-1 while Bristol City eased to a 3-0 win over fellow second-tier side West Bromwich Albion. Leicester, who beat fourth-tier strugglers Gillingham with an Iheanacho goal in round three, faced a stern test from a hard-working, high-energy Walsall outfit. Leeds reached the fifth round for the first time since 2016 as they avoided a slip-up at third-tier Accrington. Reporting by Adam Millington and Martyn Herman; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ Former Tottenham defender Walkes dies aged 25
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +1 min

[1/3] Jul 9, 2022; Charlotte, North Carolina, USA; Charlotte FC defender Anton Walkes (5) with the ball in the first half at Bank of America Stadium. Mandatory Credit: Bob Donnan-USA TODAY SportsJan 19 (Reuters) - English defender and Charlotte FC player Anton Walkes has died at the age of 25, the Major League Soccer club said on Thursday. Walkes died after being in a boating accident on waters in Miami on Wednesday as the club had arrived in Florida to begin a training camp for the pre-season, according to local media. Walkes later had successful spells at Portsmouth and Atlanta United before moving to Charlotte in 2022. "He will be greatly missed by many, and our thoughts and prayers are with Anton's family during this heartbreaking time."

☆ RFU to lower tackle height to waist for community game
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

Jan 19 (Reuters) - Tackling above the waist will be banned in community rugby matches from next season to "reduce head impact exposure and concussion risk", the Rugby Football Union (RFU) said on Thursday. The RFU added that ball carriers would be encouraged to "follow the principle of evasion" and avoid "late dipping". "Lowering the height of the tackle and encouraging the tackler to bend more at the waist will minimise the risk of this occurring while maintaining the tackle as an integral part of the game." "Players' welfare must always be at the centre of decisions we make about how we play the game of rugby," RFU president Nigel Gillingham said. More than 55 amateur rugby union players sent a letter of claim to World Rugby, the Welsh Rugby Union (WRU) and the RFU on Thursday to begin the pre-action phase of their lawsuit over possible brain injuries.

☆ Newcastle stunned but West Ham, Spurs, Leicester progress
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +2 min

West Ham secured their ticket to the fourth round after Said Benrahma scored a stunning long-range effort against his former club in a 1-0 win at Brentford. Josh Windass netted twice for Wednesday as they took a two-goal lead over Newcastle in the second half. Yet they did little in the way of replicating the form which saw them lead 2-0 after 43 minutes against West Ham when they met in the Premier League eight days ago. Brentford are now out of both domestic cup competitions, having exited the League Cup after a loss to League Two Gillingham in November. Elsewhere, Premier League sides Bournemouth and Nottingham Forest suffered defeats by Championship teams Burnley and Blackpool respectively.

☆ Alleged serial killer in custody and charged in killings of 4 Indigenous women in Canada, police say
▼ + stars: | 2022-12-02 | by ( Tina Burnside | ) edition.cnn.com time to read: +2 min

CNN —Authorities in Winnipeg, Manitoba, believe the murders of four Indigenous women came at the hands of an alleged serial killer now in custody in Canada. Jeremy Anthony Michael Skibicki, 35, of Winnipeg, has been charged with four counts of first-degree murder for the deaths of the women, a news release from the Winnipeg Police Service states. Skibicki was arrested May 18 by the agency’s Homicide Unit and charged with first-degree murder, the release says. She is believed to be an Indigenous female killed on or around March 15, police said. “As a city, we must all grieve their loss and recognize that we have much more work to do to protect the lives of Indigenous women and girls,” Gillingham said.

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