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19, May, 2022 LONDON –
Buying a takeaway in the UK could cost the average Brit 345% more than a cooked air fryer ‘fakeaway’ meal according to new analysis by the shopping comparison website finder.com.
With the food inflation rate standing at a high 6.7% (as of April 2022) the average takeaway in the UK costs an estimated £7.93, a 50p jump from 2021’s average of £7.43. In total, this is 345% higher than buying and cooking a fakeaway in an air fryer which costs just £1.78 on average.
The research shows that a British classic takeaway of fish and chips could cost on average £8.24, 160% higher than an air fryer meal for one that costs £3.17. If this was multiplied for a household serving of four people, this would cost just £11.53 compared to a huge £32.95 takeaway meal for four.
For fast food addicts, the price difference is even higher when it comes to burgers and chips (498%), fried chicken (478%), pepperoni pizza (796%) and doner kebab (605%).
For the national favourite of chicken tikka masala, curry lovers getting a takeaway could find themselves spending up to 333% more than a home-cooked meal for one. Other favourites such as a chicken chow mein takeaway is likely to cost 173% more than cooking a similar take in an air fryer.
For a household of four, fried chicken has the highest price difference, costing 657% more – £24.97 compared to just a £3.30 fakeaway banquet for four.
Exploring how cheap an air fryer in the UK really is, Finder’s analysts have delved into the average cost of the most popular British takeaway dishes in comparison to a ready-made version cooked on a standard 1,700-watt air fryer. This includes how much it will cost for one person and for a household of four.
To view the research, visit here: https://www.finder.com/uk/shopping/air-fryers#stats
Commenting on the analysis, shopping expert at finder.com, Reemul Balla said:
“With food inflation rate at its highest over the past decade, many people might want to turn towards looking for a cheaper alternative to a takeaway and recreate their favourites at home to help avoid a hard pinch to their wallets.
“Recently the air fryer trend has exploded in popularity over the past few years with search demand for the term ‘airfryer’ reaching 468k over the past 12 months. Our research shows there’s a multitude of air fryers that can do almost anything (besides getting those crunchy chips) without compromising on quality while producing low cost and healthy meals which could make a great alternative for those wanting to still enjoy a takeaway style dish at home.”
Finder’s analysts sourced the most popular takeaway costs from Netvouchercodes.co.uk from 2021 to determine a projected average cost per takeaway in 2022. The ‘fakeaway’ products were sourced from Iceland.
These figures were compared against how much a frozen ready meal version would cost if cooked on a standard 1,700W (Medium-sized) airfryer by taking in account the amount of electricity wattage used and the cost per minute, the estimated time it’ll take to cook on an airfryer (this is about a third of the stated oven time per product) and per serving (g) for one person and for a household of four.
The information in this release is accurate as of the date published, but rates, fees and other product features may have changed. Please see updated product information on finder.com's review pages for the current correct values.
finder.com is a personal finance website, which helps consumers compare products online so they can make better informed decisions. Consumers can visit the website to compare utilities, mortgages, credit cards, insurance products, shopping voucher codes, and so much more before choosing the option that best suits their needs.
Best of all, finder.com is completely free to use. We’re not a bank or insurer, nor are we owned by one, and we are not a product issuer or a credit provider. We’re not affiliated with any one institution or outlet, so it’s genuine advice from a team of experts who care about helping you find better.
finder.com launched in the UK in February 2017 and is privately owned and self-funded by two Australian entrepreneurs – Fred Schebesta and Frank Restuccia – who successfully grew finder.com.au to be Australia's most visited personal finance website (Source: Experian Hitwise).


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It’s the news many pilots on the frontier have been waiting for. Pilots all around have been hounding Respawn on social media for months on end about the much loved, fan favourite co-op mode, Frontier Defence from Titanfall 1. Well, it’s coming next week in their biggest free DLC/Update since the game launched! Continue reading Titanfall 2 – Frontier Defence Incoming
Yesterday, Respawn revealed their 6th free DLC/update for Titanfall 2 which will release next week on Tuesday 27th on Xbox One, PS4, and PC. Check out the details, because it’s a good one. Continue reading Titanfall 2 – The War Games DLC Detailed
Ho Ho Hoooo Merry Christmas PC gamers. Santa has delivered savings galore to many PC store such as Steam, Uplay, Origin and if you are tanked up on the Christmas hooch and feeling particularly bold, the Windows store. Read on to see if there is anything on sale that can tempt you. Continue reading Winter Sale arrives on PC stores
The return of Mirror’s Edge came closer yesterday, with the release of a new story trailer called “I Am Faith”, who as fans of the first outing know, is the main character. There was also an announced closed beta too, which you can read about below. Continue reading Mirror’s Edge Catalyst story trailer and closed beta sign up
On February 2nd, EA will be adding to their EA Access service with another title, bringing the vault list to a total of 15 titles, all playable for a minimal cost of $4.99 a month or $25 for the year. The latest addition ties in with the Superbowl, and that game will be Madden NFL 16. Continue reading EA reveal next month’s new addition to EA Access
In 2014, Xbox One users were greeted to a new subscription service by Electronic Arts (better known as EA) which was taken to rather well. For a small monthly fee or annual subscription, EA Access lets you play a list of EA published games which keeps on growing. Now the service has arrived for PC, called Origin Access. Continue reading EA Access is now available on PC, called Origin Access
For myself, it has changed my opinion for the better, but only to a degree, as I find it difficult to see this game having a lifespan beyond maybe 6 months for the majority players. It manages to do a lot of things correctly, mostly nailing that Star Wars feeling in terms of gameplay, sound and aesthetic, which is arguably the most important thing for a game such as this to get right, but with that there are compromises that may deter the more hardcore audience.
I doubt these specs are accurate, and it looks more like an advertisement for the new Intel Skylakes than anything, only having come out in August.
Following the announcement that the game won’t be offering a server browser, many gamers were disappointed, especially on PC. Because of that some were worried that they would also be doing away with the dedicated servers, which would mean that players would have to host games themselves. However, in an interview with PlayStation Lifestyle at TGS, Lead Heroes Designer Jamie Keen confirmed that nothing would change on that front, thankfully.
Humble Bundle and EA have joined forces and are offering a new Origin Bundle in support of charity. Even better, EA are forgoing all profits from the bundle, with their share going to charity.
While the bundle as a whole is not as strong as the previous one, it is still awesome as hell, with the likes of Dead Space 2, Dragon Age and Mass Effect 2 included.

domain: news


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Latest Home Depot Stories
ATLANTA, Aug. 2, 2011 /PRNewswire/ -- The Home DepotÂ®, the world's largest home improvement retailer, announced today that it will hold its Second Quarter 2011 Earnings Conference Call on Tuesday, August 16, at 9 a.m.
FLAGSTAFF, Ariz., June 22, 2011 /PRNewswire/ -- Southwest Windpower, the world's leading manufacturer of personal wind generators, is pleased to announce the Skystream install program, making the award winning Skystream 3.7Â® wind turbine available for purchase at select Home DepotÂ® stores throughout the United States.
MILL VALLEY, Calif., June 6, 2011 /PRNewswire/ -- Digital Dazzle's video entitled; "The Future of Retail" will be featured at this week's 1st Global DIY Summit 2011 during Home Depot Co-Founder Pat Farrah's Lifetime Award acceptance speech.
- Forsooth! indeed! originally a parenthetical phrase used in repeating the words of another with more or less contempt or disdain.


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|By PR Newswire||
|November 9, 2012 11:54 AM EST||
ROUGEMONT, QC, Nov. 9, 2012 /CNW Telbec/ - Lassonde Industries Inc. (TSX: LAS.A) (Lassonde) posted sales of $255.1 million in the third quarter of 2012, a 21.0% increase year over year. Profit attributable to the Company's shareholders for this period totalled $10.3 million, up $2.1 million from the third quarter of 2011.
(in thousands of dollars)
|Third quarters ended|
|Sales||$ 255,084||$ 210,822|
|Profit before income taxes||14,391||10,631|
|Profit attributable to the Company's shareholders||10,315||8,173|
|Basic and diluted earnings per share (in $)||$ 1.48||$ 1.20|
Note: These are financial highlights only. Management's Discussion and Analysis, the unaudited interim condensed consolidated financial statements and notes thereto for the quarter ended September 29, 2012 will be available on the SEDAR website at www.sedar.com and on the website of Lassonde Industries Inc.
"The third quarter 2012 results reflect markets that continue to be affected by high raw material costs. The Clement Pappas acquisition has helped us sustain our growth but lower volumes are being experienced by the fruit juice and fruit drink industry in both Canada and the U.S.," said Pierre-Paul Lassonde, Chairman of the Board and Chief Executive Officer of Lassonde Industries Inc.
The Company's sales totalled $255.1 million in the third quarter of 2012, up $44.3 million or 21.0% from $210.8 million in the same period of 2011. Sales from Clement Pappas and Company, Inc. (CPC) stood at $108.6 million in the third quarter of 2012. CPC's sales had reached $63.6 million for the period of August 13, 2011 (the date when CPC began operating under the Company's control) to October 1, 2011. Excluding CPC's sales, the Company's third-quarter sales decreased $0.7 million year over year as a result of lower sales volumes in private labels. Sales of national brand products remained unchanged as the impact of a favourable sales mix was offset by higher trade spending. For the first nine months of 2012, sales totalled $744.9 million, up 51.8% from $490.7 million in the first nine months of 2011.
The Company's operating profit for the third quarter of 2012 stood at $22.6 million, up $8.8 million from operating profit of $13.8 million in the same quarter last year. CPC's operating profit was $10.1 million during the quarter ended September 29, 2012. For the period of August 13, 2011 to October 1, 2011, CPC had operating profit of $1.0 million, but this amount included $6.8 million in acquisition-related costs. Excluding the impact of the CPC acquisition, third-quarter operating profit was down $0.3 million year over year mainly due to lower sales. Operating profit for the first nine months of 2012 stood at $56.4 million, up $21.0 million from $35.4 million at the end of the first nine months of 2011.
The Company's financial expenses went from $3.8 million in the third quarter of 2011 to $7.0 million this quarter. This increase was mostly attributable to the interest expense on the total debt incurred to effect the CPC acquisition. "Other (gains) losses" went from a $0.7 million gain in the third quarter of 2011 to a $1.2 million loss in the third quarter of 2012. The 2012 third-quarter loss was primarily due to a $0.9 million loss from a change in the fair value of interest rate swaps and to a $0.3 million foreign exchange loss. The 2011 gain was essentially due to a change in the conversion rate applicable to a US$70 million bank balance held to effect the CPC acquisition. For the first nine months, financial expenses went from $6.0 million in 2011 to $17.4 million this fiscal year, and "Other (gains) losses" was a $3.0 million loss in 2012 compared to a $0.2 million loss in 2011.
Profit before income taxes totalled $14.4 million for the third quarter of 2012, up $3.8 million from $10.6 million in the same quarter last year. For the first nine months of 2012, profit before income taxes stood at $36.0 million, up 23.6% from $29.1 million in the first nine months of 2011.
An income tax expense at an effective rate of 26.5% (25.2% in 2011) brought the 2012 third-quarter profit to $10.6 million, up $2.6 million from $8.0 million in the same quarter of 2011. Profit attributable to the Company's shareholders was $10.3 million, resulting in basic and diluted earnings per share of $1.48 for the third quarter of 2012. This amount includes the allocation of a portion of CPC's profit to a non-controlling interest. In the third quarter of 2011, profit attributable to the Company's shareholders had totalled $8.2 million, resulting in basic and diluted earnings per share of $1.20. For the first nine months of 2012, profit attributable to the Company's shareholders totalled $26.4 million, resulting in basic and diluted earnings per share of $3.78 and, in the same nine-month period of 2011, profit had totalled $21.3 million, resulting in basic and diluted earnings per share of $3.21.
Cash flows from operating activities generated $16.7 million during the third quarter of 2012, while they had generated $23.4 million during the same period last year. In the third quarters of 2012 and 2011, CPC's operating activities generated $3.2 million and $1.5 million, respectively, leaving a difference of $8.4 million on a comparative basis with Canadian operations. Financing activities used $5.4 million in cash in the third quarter of 2012 while they had generated cash flows of $307.4 million in the same period last year. During the third quarter of 2012, CPC's financing activities used $2.7 million in cash but had generated $260.9 million during the third quarter of 2011, leaving a difference of $49.2 million on a comparative basis with Canadian operations, almost entirely attributable to the funds raised for the CPC acquisition. Investing activities used $5.1 million in cash during the third quarter of 2012, while they had used $398.9 million during the same quarter last year. During the third quarters of 2012 and 2011, CPC used $1.7 million and $393.4 million, respectively, in cash flows, leaving a difference of $2.1 million on a comparative basis with Canadian operations. At the end of the third quarter of 2012, cash and cash equivalents totalled $7.1 million compared to a bank overdraft of $9.2 million at the end of the third quarter of 2011.
During the third quarter of 2012, the Company noted that sales volumes of fruit juice and fruit drink producers in North America remained lower than in prior years. In the Canadian market, the Company is also seeing an increase in trade spending driven by intense competition.
Fiscal 2012 will include an entire year of CPC's financial results. To better understand the impact of this acquisition, it is important to note that CPC recorded, for the 12 months ended October 1, 2011, sales of approximately US$400 million and adjusted EBITDA of approximately US$58 million. The Company believes that CPC's 2012 sales will be slightly higher when compared to the twelve-month period ended October 1, 2011 while its EBITDA may decline between US$4-to-6 million. For its Canadian entities, Lassonde Industries Inc. anticipates slightly higher sales than those of 2011.
For 2012, the Company is maintaining its focus on integrating CPC and therefore does not plan on making major changes to its business model.
About Lassonde Industries Inc.
Lassonde Industries Inc. is a North American leader in the development, manufacture and sale of a wide range of fruit and vegetable juices and drinks marketed under brands such as Everfresh, Fairlee, Flavür, Fruité, Graves, Oasis and Rougemont.
Lassonde is also the second largest producer of store brand ready-to-drink fruit juices and drinks in the United States and a major producer of cranberry juices, drinks and sauces.
Lassonde also develops, manufactures and markets specialty food products under brands such as Antico and Canton. The Company imports and markets selected wines from various countries and manufactures apple ciders and wine-based beverages.
The Company produces superior quality products through the efforts of some 2,000 people working in 14 plants across Canada and the United States. To learn more, visit www.lassonde.com.
SEDAR registration number: 00002099
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements that are based on certain assumptions. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Additional factors are discussed in materials filed from time to time with the securities regulatory authorities in Canada. Lassonde Industries Inc. disclaims any intention or obligation to update or revise any forward-looking statements except as required by law.
SOURCE LASSONDE INDUSTRIES INC.
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
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Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
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MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with APIs within the next year.
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Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, d...
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The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
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By Modupe Gbadeyanka
If Nigeria is to attract high inflow and volume of diaspora remittances which can be compared with such countries like India, Israel, Indonesia and others, there must be proper engagement and a transparent exchange rate.
This was the unanimous view of speakers at a virtual summit organised by Ecobank Nigeria as part of its Ecobank Digital Series. The event was themed Financial Services & Remittance Solutions for Nigerians in Diaspora: Leveraging Ecobank’s Pan-African offering as the Nation Celebrates 60.
Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, in his opening speech, noted that there was growing evidence that diaspora remittances were impacting positively on the economies of various countries of the world.
He put the total annual remittances to Nigeria at about $20 billion which he said, contributes hugely to the country’s foreign exchange earnings.
According to him, apart from constant engagement with Nigerians in the diaspora, the bank is leveraging its digital technology through its Rapidtransfer App and Ecobank mobile App to make it easy and affordable for Nigerians abroad to remit money to their home country.
“Our dedicated Rapidtransfer, mobile remittance app is a game-changer for the market. It enables Africans and indeed Nigerians wherever they are to easily and instantly send money to bank accounts, mobile wallets and cash collection in – and across – 33 African countries.
“Historically, the cost of sending cross-border remittances to Africa has been far too high at about 6%-7%. Similarly, the process to send funds has long been inefficient and burdensome, with customers typically needing to go physically to an agent sometimes late in the night or in poor weather with attendant discomfort and risks.
“The Rapidtransfer app remittance solution is a quick, easy and reliable digital solution that removes all of these issues. It is indeed a game-changer for Nigerians and all Africans with its sustainable and standout affordability,” he said.
The Ecobank Managing Director further explained that the transaction cost is affordable with the charge from zero to about 3% as compared to 6 – 7 per cent elsewhere, and with instant transfer speed, adding that exchange rate is transparent and compares favourably with others. He added that Ecobank also offers mortgages, treasury bills, capital market instruments and others.
He submitted that Ecobank was privileged to work closely with the Nigerians in Diaspora Commission, (NIDCOM) and will continue to pursue its mandate of helping to enhance the economic development and integration of Africa, through the 33 countries and two affiliates where the bank operates on the continent.
Chairman/CEO of NIDCOM, Mrs Abike Dabiri-Erewa, who was the keynote speaker commended Ecobank for organizing the webinar which she said was very timely and appropriate.
She acknowledged that COVID-19 has affected remittances, but a lot could still be done to encourage more inflow in spite of the pandemic.
The former broadcaster challenged Ecobank to lead other Nigerian banks to provide products and services that would encourage Nigerians in the Diaspora to increase their remittances home.
The bank, she said should blaze the trail in engaging with Nigerians in the diaspora, ensuring proper documentation of remittances, as well as in providing easier and more affordable cost of remitting money to Nigeria.
She regretted that there was currently no proper documentation of remittances inflow into Nigeria from the officially estimated 17 million Nigerians in the diaspora who send money home to take care of their families’ education, health and other needs.
On the ease of doing business in Nigeria, Mrs Dabiri-Erewa said it was getting better, disclosing that the country’s diaspora policy was being put together and also working on a Diaspora Trust Fund.
“We also plan to organize a Diaspora Investment Summit very soon and the commission is currently working with the Federal Mortgage Bank of Nigeria to set up Diaspora Mortgages for interested Nigerians,” she said.
One of the panellists, former Vice Chairman, Board of Trustees Nigerians in Diaspora Organisation Europe (NIDOE), Dr Bashir Obasekola, said Nigeria in the Diaspora would be encouraged to send money home through the formal channel if the rate is competitive, low charges, transparent exchange rate and the government creating the right investment environment.
He commended Ecobank for the webinar, noting that, most Nigerians abroad are now enlightened on the ease and affordable means of remitting funds home.
Head, Consumer Banking, Ecobank Nigeria, Mrs Korede Demola-Adeniyi, listed the objectives of the webinar to include providing the attendees with access to information on opening accounts online in Naira and other international currencies, information on Ecobank’s bouquet of money transfer services that make it quick and simple for those in the Diaspora to send money to family and loved ones back home in Nigeria.
“This includes the bank’s safe, secure and easy-to-use proprietary solution, Rapidtransfer and the Rapidtransfer App. Other benefits include financial advisory, investment options, financial planning and access to information on BVN Registration,” she said.
She urged Nigerian in the Diaspora to download the Ecobank Rapidtransfer App from Google Play and App Store and follow the simple instructions to activate, disclosing that the bank currently offers zero-fee on transfers till October 31 this year.
Other speakers at the virtual conference included: President, All Nigerian Nationals in Togo, Dabor Amos Mzahan; President, Nigerians in Diaspora Organisation (NIDO), New Jersey, Dr Kazeem Bello; Business Manager, Remittance Distribution, Ecobank Nigeria, Mr Linus Adaba and Sales Manager, Diaspora Banking, Ecobank Nigeria, Miss Adebukola Ademiluyi.
Unity Bank Targets 5 Million Women MSMEs in South West With Yanga Account
By Modupe Gbadeyanka
No fewer than 5 million Micro, Small and Medium Enterprises (MSMEs) being operated by women in the South West region of Nigeria would be engaged by Unity Bank Plc.
The Nigerian retail lender disclosed this at the launch of the Yanga Account in Ibadan, Oyo State.
The account package was specifically designed by the financial institution to promote women MSMEs and create a unique proposition.
At the official launch of the Yanga Account recently in Abuja, a movie star in Nigeria, Sola Sobowale, was unveiled as the brand ambassador.
Yanga Account is a complete suite of services designed to promote financial inclusion among women through stress-free savings and investment, access to the services of dedicated sales agents, agency banking services close to the location of their businesses, special business seminar and training on how to grow business, access to microloans, customized debit cards and other bundled e-banking products.
At the official unveiling of the Yanga Account for the South West region held in Ibadan on Tuesday, the bank pledged its unwavering commitment to empowering women in order to enable them to overcome every obstacle of accessing quality Banking services needed to assist the growth of their businesses.
As part of the efforts to connect directly with the target market, the star actress who is now known as ‘Mama Yanga’ undertook a market tour to interact with the women and gain first-hand knowledge of how the product is being received in the market.
Speaking at the event in Ibadan, the Managing Director/Chief Executive Officer of Unity Bank Plc, Mrs Tomi Somefun stated that the “Yanga Account heralds a new dawn for my fellow women operating businesses in South West Nigeria.”
She noted that “the Yanga account is open to all market women in farming, fashion design, tailoring, frozen food, pastry and baking, cosmetics, jewellery designs and making, skincare, eateries and restaurants, etc. whether living in the communities or cities.”
She reiterated that “the Yanga Account is conceived and designed for the financial literacy and empowerment of Nigerian women. It is about making sure that our women who make up 55 per cent of the financially excluded Nigerians have access to basic and life-changing financial services.”
Also speaking, Sola Sobowale invited all Nigerian women who operate businesses in the South West to embrace the incredible opportunities offered by the Yanga account to grow their businesses.
She said: “This is the first time that a bank will specifically design a product to cater to women and I am excited about the inherent benefits of this account and the endless possibilities that it brings to my fellow women. I invite all my fellow women in South-West Nigeria to sign up for the Yanga Account and watch their levels change.”
On his part, Group Head, Retail, SME Banking and E-Business, Unity Bank Plc, Mr Funwa Akinmade said: “Female-led MSMEs in South West Nigeria continue to play pivotal roles in the contribution of the MSMEs to the economy of Nigeria and that has informed this special activation of Yanga account in Ibadan today.
“The Yanga account is a well-packaged banking product that combines several services that most small businesses owned by women will need to become profitable. We are optimistic that Ibadan women and all others across South West Nigeria will embrace the Yanga Account and leverage its full benefits to grow their businesses.”
With the launch of the Yanga account, Unity Bank said it underscores its retail strategy which continually aligns with the vision of the Central Bank of Nigerian and the financial services ecosystem to provide needed support for Nigerian women by enhancing access to wealth-creating opportunities in the financial services sector.
Industry watchers believe the retail product has the potential to aggressively deepen financial inclusion, which recent research by Enhancing Financial Innovation & Access (EFInA) has shown “can benefit individuals, families, and businesses, supporting key outcomes such as GDP growth.”
Wema Bank Gets Experts to Educate Nigerian SMEs on Export Business
By Aduragbemi Omiyale
Some key industry experts in banking, international trade and finance and business ethics will gather on Thursday, December 2, 2021, will educate Nigerian Small and Medium Enterprises (SMEs) on the rudiments of export business.
Wema Bank Plc is providing the platform for this discussion and it is part of its determination to show SMEs the rich potentials in the export business and how they can tap into the goldmine for growth and profit.
The event, which kicks off by 11 am, is themed Leveraging Exports for Business Growth: Strategy and Resources for Small Businesses and will require registration ahead of the day via https://bit.ly/SMEWebinar4.
Expected at the webinar are the Head of Central Operations and Trade Services at Wema Bank, Mercy Olagundoye; the MD/CEO, Starlink Global and Ideal Limited, Adeyemi Adeniji; the Lead Consultant, 3T Impex Trade Academy, Dr Bamidele Ayemibo, with the Editor of BusinessDay Weekender of Lehle Balde moderating the session.
Speaking on the importance of the webinar, Head, Small and Medium Enterprises (SMEs), Wema Bank, Mr Arthur Nkemeh, reiterated the bank’s belief in the empowerment and growth of SMEs because of their importance in the economy.
He described the SME sector as the backbone of major developed economies, and important contributors to employment and economic growth as critical contributors to the national Gross Domestic Product (GDP).
He added that players in the sector need all the support and upskilling they can get to become more profitable and grow their businesses.
“The webinar is a continuation of our efforts to equip SMEs with the basic management knowledge required to grow their businesses and tap into the huge goldmine in the export sector, particularly agriculture.
“Nigeria is renowned as a leading oil exporter, but there are other agricultural commodities that our facilitators would focus on. They will tell participants about all the required documentation they will need to become dominant players in the export sector and how to comport themselves ethically,” he added.
The webinar is another of the many efforts of Wema Bank to equip SMEs with the essential management knowledge required to run their businesses and respond to challenges in a demanding business environment.
The bank organised an SME Business School in June and October this year, aimed at equipping SMEs with the basic management knowledge required to scale their businesses and respond to challenges in a demanding business environment.
Akinwuntan Seeks More Stable Environment for Improved Production
By Aduragbemi Omiyale
The Managing Director/Regional Executive of Ecobank Nigeria, Mr Patrick Akinwuntan, has called for a more stable environment so as to quicken Nigeria’s economic recovery through improved production.
He said Nigeria has the capacity to become a major player in global trade because of its huge resources, which could be harnessed for greatness.
Speaking on the sideline of the Chartered Institute of Bankers of Nigeria (CIBN) 56th Annual Bankers Dinner in Lagos last weekend, Mr Akinwuntan said Ecobank is well-positioned to support the various productive sectors of the economy to make a greater impact in the country.
He disclosed that the bank will continue to support Small and Medium Enterprises (SMEs) and take banking to every Nigerian through its agency banking network.
According to him, the financial institution’s digital services will also support industries that focus on exports such as agriculture and manufacturing in 2022.
“We are a huge player in AfCFTA to assist in making Nigerian entrepreneurs become Pan African multinationals. As Nigerians, we must tell our story; Nigeria is the largest economy in Africa and as of today, Africa provides the best investment opportunities globally, we should turn our concerns into opportunities.
“As the country increases its exports, it will improve foreign exchange earnings, widen employment base, further support industries and a more stable Gross Domestic Product (GDP),” he advised.
Mr Akinwuntan noted that insecurity in the country must also be addressed for a more stable environment, stating that steady growth of employable youths was critical for Nigeria’s economy to improve its production level.
According to him, there are over 40 million SMEs in the country, assuring that the banks will continue to support the productive sector and entrepreneurial young people and small businesses to make a greater impact on the nation’s economy.
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The Most Popular form of PC Sold in America
'The Most Popular Form of PC Sold in America' Speaking at Comdex in November, 2001, Microsoft's Bill Gates demonstrated prototypes of a tablet PC, predicting the form-factor would become immensely popular within five years. The size of a legal pad, the device ran Windows XP and included applications such as Autodesk's CAD software and Groove's collaboration platform.Microsoft upgraded its stylus-based input software with Windows XP Tablet PC edition, originally released in 2002, with a service-pack upgrade in 2005. Despite Gates' prediction, however, tablet PCs remained largely a tool of niche industries, such as healthcare, stubbornly refusing to break into the mainstream. Other companies, however, were thinking about how to make tablet PCs a mass-consumer item. "I had this idea about having a glass display, a multitouch display," Apple's CEO told The Wall Street Journal's Walt Mossberg during the D8 Conference in June 2010. "I asked our people about it. And six months later, they came back with this amazing display...and I thought, -My god, we can build a phone with this." That process eventually led to the iPhone, which Apple released in the summer of 2007. When the smartphone proved a success (followed later by the iPod Touch, essentially the iPhone without a 3G connection), the company undertook developing a full-fledged tablet. The stylus was abandoned in favor of your finger. Apple released the iPad in April 2010. By the time Jobs spoke at the D8 Conference, the 9.7-inch tablet had sold some 2 million units, and in the process igniting a mad scramble among Apple's rivals to produce a competing device. Within months, Research In Motion had announced it would produce a BlackBerry-themed tablet, the PlayBook, based on a proprietary QNX operating system. Samsung, meanwhile, produced the 7-inch Galaxy Tab, running the Google Android operating system. During a keynote address at the Consumer Electronics Show in January, 2010, Microsoft CEO Steve Ballmer presented a tablet built by Hewlett-Packard. "Almost as portable as a phone, but powerful as a PC running Windows 7," he said. "The emerging category of PCs should take advantage of the touch and portability capabilities." The tablet PC in his hands, he added, would have the ability to surf the Web, display e-books, and play multimedia content. As 2010 wore on, though, HP's $1.2 billion acquisition of Palm, and its webOS operating system for portable devices, may have complicated Microsoft's tablet plans; when finally released near the end of the year, the Windows 7-equipped HP Slate 500 was aimed at the enterprise and, rumor had it, was produced only in limited quantities. At the same time, further talk suggested that HP's attentions had focused on porting webOS onto tablets. In public appearances, Ballmer seemed to refocus much of his tablet talk on the future of the form-factor, in lieu of discussing any specific devices. He also defended the stylus as an input method for touch screens, despite the industry's growing focus on gesture control and virtual keyboards. "Do we think people want to take notes and draw? What's the best way to do that? Well, there are different ways to do that and we'll support them all," Ballmer told the audience at the same D8 Conference at which Jobs detailed Apple's touch-screen history. "Today, we offer devices that do use a stylus. I certainly believe that people do want to take the things that they do today with pencil and paper and do them with new technologies." Near the end of 2010, rumors circulated that Microsoft would announce a major tablet push at January's Consumer Electronics Show. Instead, Microsoft used the event to announce that the next version of Windows would support SoC (system-on-a-chip) architecture, in particular ARM-based systems from partners such as Qualcomm, Nvidia and Texas Instruments. In turn, that would give Microsoft increased leverage for porting Windows onto tablets and more mobile form-factors, currently the prime market for ARM offerings.
"The PC took computing out of the back office and into everyone's office," he told the audience. "The Tablet takes cutting-edge PC technology and makes it available wherever you want it, which is why I'm already using a Tablet as my everyday computer. It's a PC that is virtually without limits-and within five years I predict it will be the most popular form of PC sold in America."


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That’s according to figures from the ONS
The UK’s retail sector did better than expected in June, new official data shows.
Department stores and furniture sellers recorded a good month, the Office for National Statistics (ONS) said.
Retail sales rose 0.7% last month, the official statistics body said.
Experts had forecast a rise of 0.2%, according to an average supplied by Pantheon Macroeconomics.
Sales in supermarkets and other food shops, which had fallen as people ordered more takeaways during May’s extra bank holiday, bounced back, the data showed.
Food store sales rose 0.7% in June compared to the fall of 0.4% in May, the ONS said.
Department stores said they benefited from the weather, which drove more people into their shops. Summer sales also impacted volumes, which were up 1.9%.
The ONS also revised May’s figure. It originally estimated a 0.3% rise, much better than expected, but on Friday it revised this down to 0.1%.
The figures measure the amount bought – volume – rather than the amount spent – value.
ONS chief economist Grant Fitzner said: “Retail sales grew strongly, with food sales bouncing back from the effects of the extra bank holiday, partly helped by good weather, and department stores and furniture shops also having a strong month.
“However, these were partially offset by falls in fuel, garden centres and clothes shops.
“Growth still fell on an annual basis, but at its slowest rate since the beginning of the Ukraine war.”
The data also showed the value of what people spent in retailers also grew 0.7% last month.
Overall, since February 2020, the last month before the Covid pandemic hit the UK’s economy, the volume of what people have bought dropped 0.2% while the amount they spent has risen 17.9%.
This means shoppers are having to pay considerably more to get slightly less than they were before.
Aled Patchett, head of retail and consumer goods at Lloyds Bank, said: “A rise in sales is to some extent not surprising with record temperatures spurring consumers to spend on summer clothing and outdoor goods.
“A combination of continued hikes in interest rates and the high cost of living is making shoppers less willing to spend on discretionary goods.
“That said, a downturn in energy usage throughout the summer months could provide relief for households, freeing up some disposable income.”
Published: by Radio NewsHub


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Amid COVID-19 Lockdown, Mahindra Has Opened 10 Kitchens To Prepare Meals For The Needy
The whole country is well-aware of how the present lock down situation is affecting the poor and underprivileged in our country. Migrant workers are struggling to get home and are starving due to the unavailability of resources - COVID-19 is the least of their worries.
In order to help out, several NGOs and kind people have set out on their own, to help those in need and are trying to feed as many people as possible. Now, Mahindra and Mahindra group has set up 10 kitchens in different locations to to provide food to the needy.
In a tweet, Pawan K Goenka, Managing Director, Mahindra and Mahindra announced the good news about the company's participation in watching out for the underprivileged. In his tweet, Mr Goenka mentioned that till now, '50,000 meals and 10,000 rations' had been provided to those in need. He also added that those who want to avail the services of the kitchen and need help, can reach out to them. For that, he provided a couple of handles that people can get in touch with. He wrote that the kitchens can provide up to 10,000 meals a day.
On clarion call from @PiyushGoyal mahindra opened its kitchen at 10 locations. We have supplied 50000 meals, 10000 rations this week. Making our kitchen infra available for others to use for up to 10000 meals a day.Please contact @shi_joshi. @MahindraRise pic.twitter.com/mSkUHzsePB— Pawan K Goenka (@GoenkaPk) April 5, 2020
Back in March, Mr Anand Mahindra had said that he wanted to help manufacture ventilators and provide temporary medical facilities for those affected by the virus. He had also stated that he will be contributing 100% of his salary to those in need.
At a time like this, we need as many helping hands as possible, and it helps when people who have more than most do something like this.


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Brand aims to maintain its help with a competition for retailers
DEMAND for confectionery shows little sign of slowing down any time soon.
According to IRI data, the sugar confectionery category continued to grow across 2022, rising 10.3% over the previous year.
And Swizzels reckons this will be set at steady pace for this year as well, as the firm prepares to help retailers to make the most of the demand for all things sweet.
Clare Newton, trade marketing executive at Swizzels, said: “Sugar confectionery has had a great reputation of being one of the best-performing products in convenience stores, as consumers are likely to make impulse purchases at the checkout or during any point of their decision-making at the store, influenced by POS, which has been known to boost sales of sweets.
“We provide bright, eye-catching displays throughout depots, teamed with frequent competitions, specifically targeted towards the needs of wholesalers/retailers.
“We also do different competitions for retailers and wholesalers where they can win various prizes.
“We also support wholesalers and retailers with a full suite of digital POS for each promotion, alongside bespoke artwork and competitions, which are often customised to encourage participation in more localised competitions.”
And Swizzels’ latest competition for retailers is likely to intrigue plenty of convenience store owners as the firm is to share its birthday joy across the channel.
As part of Swizzels’ 95th birthday celebrations, the firm has said it will be offering retailers the chance to win a cash prize of £1,000 when they buy three cases of stock.
The competition runs from 16 July to 31 August in a bid to support retailers over summer.
Further to this, Swizzels also noted its work to ensure its range can meet the demands of more modern shoppers by constantly staying on top of innovation in the plant-based market.
Newton said: “Vegan options and healthier alternatives are just a handful of examples of improvements brands like Swizzels are making to meet consumer demand for more sustainable products and a balanced diet.
“The plant-based category is growing at an exponential rate, creating demand for confectionery products that taste and feel like traditional confectionery.
“Within the vegan sugar confectionery category, there’s a strong focus on innovation. Novel ingredients are constantly being assessed for development.”


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Washington D.C. The Senate on Friday introduced an antitrust legislation that would require Visa and MasterCard to negotiate with merchants over hidden credit-card processing fees. These fees cost the average family more than $400 a year and total $48 billion annually, according to the National Retail Federation (NRF).
“The introduction of this bill shows momentum is building in Congress and that both the House and Senate are ready to bring the credit-card companies’ greed under control,” NRF senior VP and general counsel Mallory Duncan said. “This is a fee most consumers don’t even know about, but it’s the equivalent to half a dozen tanks of gas or a month’s worth of groceries. If consumers knew how much they were paying for credit cards, most would say it isn’t worth the price, particularly in today’s economy.”
Senate Majority Whip Richard Durbin, D-Ill., introduced t


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General Motors is recalling 8,763 2016 model-year Chevrolet Colorado and GMC Canyon pickup trucks so dealers can replace a faulty console compartment lid latch assembly, the National Highway Traffic Safety Administration reported.
During a vehicle crash, this console compartment lid latch assembly may fail to keep compartment doors closed. This defect — a violation of federal safety standards — poses a safety risk because contents stored in the console could strike vehicle occupants during a collision, NHTSA said.
The Chevrolet Colorado trucks were manufactured from Aug. 25 to Sept. 24 in 2015. The GMC Canyon trucks were manufactured from Aug. 28 to Sept. 24 in 2015.
Truck owners can reach Chevrolet customer service at (800) 222-1020, or GMC customer service at (800) 462-8782. GM’s number for this recall is 16370.
Originally posted on Automotive Fleet
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NEW YORK -- Five new white papers demonstrating the business benefits of product identification technology pioneered at the Massachusetts Institute of Technology's Auto-ID Center have been made publicly available at no cost.
Three of the white papers were developed by Accenture, based here, while two were prepared by IBM Business Consulting Services (formerly PricewaterhouseCoopers Consulting), also based here. Both consulting companies worked in conjunction with the Auto-ID Center. The five papers, as well as three papers released last September, can be accessed at www.autoidcenter.org/howtoadopt_business.asp.
IBM plans no future papers but Accenture expects to publish two more.
The two IBM studies focus on shrink and product obsolescence. Both examine the effects of applying Auto-ID technology, based on RFID (radio frequency identification), to these issues.
Auto-ID technology applies small RFID tags to pallets, cases and items. The tags consist of a microchip containing a 96-bit EPC (electronic product code) describing a product, as well as a tiny antenna.
According to IBM's shrink paper, "supercenter" retailers that normally experience shrink losses of 1.75% of revenues could reduce these losses by 47% on average, across seven product categories, including grocery, pharmacy, music and video, toys and health and beauty, through Auto-ID usage at the case and item levels.
Stephen Leng, principal consultant, retail practice, IBM Business Consulting Services, said the Auto-ID technology, especially when applied at the item level, provides retailers with unprecedented visibility into the location of items at all times, helping to prevent shrink.
Leng said the white paper's projected shrink reductions were based on the still-developing integration of Auto-ID systems with existing loss prevention systems such as electronic article surveillance and digital video cameras.
IBM's paper on product obsolescence states that in the grocery industry Auto-ID systems can generate potential benefits of $29 million at the case level and $67 million at the item level by tracking the condition of perishable products through the supply chain. According to Leng, the technology can automate the tracking of product rotation and markdowns, taking manual labor costs out of the process. In addition, in the future, temperature sensors -- currently not integrated in the tags -- will be able to track the temperature conditions of perishables like meat, enabling more to be sold at full price.
Among Accenture's three new reports, one focuses on improving supply chain efficiency (distribution and transportation) in the retail industry.
Accenture's retail report says that by applying Auto-ID technology at the case level, retailers can reduce labor costs associated with distribution centers by between 5% and 40% and reduce safety stock supplies by one to four days.
In one hypothetical case study, a 500-store specialty chain implemented case-level systems at a cost of $7.8 million per DC and a annual maintenance of $100,000 per installation. The paper projected the chain getting an annual savings of $16.7 million in labor expense and $6.9 million in shrink reduction.
A "blueprint" for Auto-ID technology will be made publicly available this September by the Auto-ID Center at a symposium in September in Chicago, noted Leng.


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CDA, D66 and GroenLinks MPs are calling for a boycott of coffee and tea company Douwe Egberts within the parliamentary complex because the Dutch firm continues to operate in Russia.
“This would appear to be a good reason to look at all the government’s coffee contracts again,’ CDA parliamentarian Derk Boswijk told the AD.
Boswijk was reacting to an interview with Fabien Simon, head of JDE Peets which owns the Dutch brand, in the The Wall Street Journal. JDE Peets is also officially headquartered in Amsterdam.
Simon told the WSJ that the company was renaming a major brand and rejigging supply chains but that it was staying put in Russia, despite the sanctions stemming from the war in Ukraine.
Tea and coffee are essential supplies which the Russians should be able to buy, despite the invasion, he said. In addition, he said, the company adheres to all the international sanctions which have been implemented against Russia.
D66 MP Alexander Hammelburg told the AD it is “extremely painful” that Dutch companies are still trading in countries which have used such violence against Ukraine.
“If Russian consumers don’t notice what is happening and can continue to drink good coffee from a western factory, then it is hardly surprising the war is continuing,” the AD quoted Boswijk as saying.
Every move which can be made to undermine public support for Putin should be taken, the CDA MP told the paper.
In February, representatives from ING, Philips and JDE Peet’s appeared before a committee of MPs to explain why they were still operating in Russia, despite the sanctions.
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Q. Why do sea gulls like suburban mall parking lots so much, even when they are nowhere near the ocean?
A. The birds that ornithologists call gulls, not sea gulls, do not strictly live by the sea and often find the open spaces of parking lots a bounteous refuge, said Jessie Barry of the Cornell Lab of Ornithology.
Barry, who leads the Merlin Project to develop a better online bird-identification tool, said there are more than 50 species of gulls worldwide, with many found hundreds of miles from the nearest ocean. Indeed, some live primarily inland. The ring-billed gull thrives in suburban settings around the United States.
“Gulls are opportunistic omnivores,” Barry said.
Traditionally thought of as scavenging along beaches or swooping to the ocean surface to catch fish, gulls eat many things, including insects, earthworms, rodents, grains “and of course french fries,” she said.
For species like the ring-billed gull, a mall parking lot offers the chance of a handout, a left-behind takeout meal and Dumpsters filled with food scraps. Grassy medians and recently mowed fields can be a good source of invertebrates.
An empty parking lot or a big-box store’s roof can also offer a safe resting place between bouts of foraging.
“Gulls prefer open areas where they can spot predators and take off easily,” Barry said. “The roofs of shopping malls have even served as breeding colonies.”
Mold and water activity
Q. Why don’t sugar, molasses and honey ever rot?
A. “It’s almost all about water,” said Kathie Hodge, associate professor of mycology at Cornell University.
Molds and bacteria cannot survive on very sugary foods, she said, because the concentrated sugar, like salt, has the effect of drawing moisture out of cells.
“We talk about a food’s water activity, how much of its water is available,” Hodge said. “Sugar, honey, molasses and maple syrup have very low water activity. In fact, they will pull water right out of the air.”
That is why maple syrup left on the table will absorb water from a steamy kitchen and eventually become dilute enough to support mold growth, Hodge said.
Molasses is 50 to 75 percent sugar, preventing most bacteria and fungi from growing on it, but if it is diluted, microbes will eat it and spoil it. “That’s how we get rum,” Hodge said.
Honey has both low water activity and a very high acid level, she said, and also contains chemicals made by plants and bees that suppress the growth of fungi and bacteria.
A handful of organisms, especially some fungi, are good at growing on things with low water activity, Hodge said. Such organisms, which love dry places, are called xerophiles.
“But even for them, a sugar cube is too dry,” Hodge said.


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Hasbro Inc. has purchased all of the intellectual property rights related to the Trivial Pursuit brand from Horn Abbot Ltd. and Horn Abbot International Limited. Hasbro paid the Horn Abbot companies $80 million (aggregate purchase price) for their inte
April 6, 2018
Hasbro has developed, marketed and sold Trivial Pursuit under license from the Horn Abbot companies since 1983.
“Trivial Pursuit created the adult game category in 1982 and has always been one of the most recognized brands in the industry,” says Brian Goldner, COO of Hasbro Inc. “Now, as a wholly-owned and operated part of our deep and rich brand portfolio, we can build Trivial Pursuit beyond traditional venues and capitalize on new opportunities in entertainment, publishing, promotions, and digital arenas.”
Plans have already been made to extend the Trivial Pursuit brand into a new television game show this fall called “Trivial Pursuit: America Plays.” The show is being created in cooperation with Debmar-Mercury and Wheeler Sussman and is expected to debut in Sept. 2008.
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While speaking on the July 15th edition of the Coin Stories podcast hosted by Natalie Brunell, MicroStrategy’s head Michael Saylor said he believed Bitcoin is more like digital property than digital currency. When Saylor was asked whether he thought that Bitcoin was a threat to the United States dollar, he replied:
“I would call it a digital property; it’s a threat to property; it’s particularly a threat to other forms of property. Gold is poperty; real estate is property. I don’t think the United States government is threatened by real estate or buildings or companies or gold.”
Earlier in the week Saylor made some assertions as Scott Melker’s guest on his Wolf Of All Streets podcast. Here Saylor had remarkably said:
“I don’t really think that Bitcoin’s going to be a currency in the U.S. ever. Nor do I think it should be.”
As he outlined that people are now weighing up whether to purchase Bitcoin instead of opting for traditional investments, such as real estate, stocks, starting a business or buying gold, he had added:
“And what it’s doing is, it’s demonetizing other forms of property.”
Speaking with Natalie Brunell, Saylor told her that his organization, MicroStrategy, will ‘hodl’ through periods of market downturn and FUD. He emphasized that the company is prepared for further volatility in the future and it has no intention to sell, even if Bitcoin crashes in the short term.
To make his point Saylor referred to Microsoft Chief Executive Officer Steve Balmer, who didn’t sell his stocks when the price crashed in the past:
“What was the brilliant thing that Steve Balmer did in order to be worth $100 billion? You know, he didn’t sell Microsoft.”
Saylor then dropped the famous Warren Buffet quote:
“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes,”
In closing, the MicroStrategy noted the significance of Bitcoin and its use case:
“One iPhone 12 in a hundred years will be worth nothing, so the product that Apple is selling isn’t gonna last 1,000 years. The product that Bitcoin is selling is 1/21 millionth of all the money in the world. That doesn’t have to change, it just kinda has to not break.”
However, should Bitcoin’s price be less than what it represents now in four years, the company might reconsider its position. The wait is still there.
Saylor is no stranger to sending out quotes to his Twitter followers, and Buffet is apparently an inspiration.
"We don't have to be smarter than the rest. We have to be more disciplined than the rest." – Warren Buffett on #Bitcoin
— Michael Saylor (@michael_saylor) July 14, 2021
The post Michael Saylor: “If it ‘kinda’ doesn’t break, Bitcoin stays” appeared first on iGaming.


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Consumers warming to Woolworths’ fresh produce
Woolworths was the only major supermarket in Australia to see their customer satisfaction levels rise in the six-months to August, according to the latest Roy Morgan Supermarket Satisfaction Report.
Among Aldi customers, 88.9% were satisfied with the supermarket, followed by IGA (87.4%), Woolworths (86.6%) and Coles (85.6%) for the six month averages to August 09. The improved result for Woolworths was largely due to improved satisfaction with their fresh offering.
The figures represented an unchanged reading for Coles and marginal decline for IGA. Aldi’s fall was more pronounced, however, leading to their lowest level of satisfaction since 2004 – despite remaining at the top of the pack.
“The recent positive increases, and 2 year high for Woolworths’ overall satisfaction in August, gave them a clear lead over Coles, and now it’s the closest Woolworths have been to Aldi, as the leader in supermarket satisfaction in over 4 years,” Norman Morris, Industry Communications Director at Roy Morgan Research, noted.
“Part of the reason for the increase in the overall Woolworth’s satisfaction is their performance in the meat, bread, fresh fruit and veg departments. Woolworths now leads the other three major supermarkets in satisfaction with the meat department.”
Woolworths and Coles have both highlighted their fresh departments as areas where considerable improvement can be made given that their share of the fresh food sector lags well behind their share of packaged goods sales. And, on the basis of strong sales results and improved customer satisfaction levels, they appear to be making inroads.


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How Panera Bread Navigated Covid, the Labor Market, Inflation and More
If you need some inspiration as your company navigates the pandemic, listen to the podcast, where Mary Jo Fader and Kate O’GNowitz, Co-Founders and Co-CEOs of Panera Bread, talk business with Mary Jo and Kate about how they navigated difficult times and helped build a business around their values.
This podcast was brought to you in part by Panera Bread’s new eCommerce website, PanBread.com, powered by ShopRunner, where you can shop and order from your Panera Bread online store.
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Panera Bread, which was founded in 1980, has become a global powerhouse, with more than 45,000 cafes and 5,100 employees around the world, the largest employer in the United States and the third largest employer in the world. The company sells bread, waffles, pasta, coffee, sandwiches, salads, and other sandwiches, along with some specialty items like breakfast tacos, and frozen entrees.
Panera Bread is also one of the top-20 largest employers in the United States, with an average of 1,700 people employed in every local region and another 1,400 workers in California alone. They operate in more than 30 different markets across the United States, plus the Caribbean, Mexico and the United Kingdom. In addition, the company has more than 150 partners worldwide and serves more than 25 million customers annually.
In a recent interview with CNBC, Mary Jo Fader and Kate O’GNOWITZ discussed how Panera Bread navigated the pandemic during the most challenging time for its employees, along with how they were able to sustain their business and build a more robust consumer experience while creating value for others.
Mary Jo Fader and Kate O’GNOWITZ, Co-Founders and Co-CEOs, Panera Bread, were recently named to the Fortune 100: Top Business Leaders 2019 list. The list honors a select number of the


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Streaming music has easily become the biggest form of music consumption over the last decade, with the service accounting for about 80% of all music consumption in key markets like the US. The biggest player in that market, Spotify, has come out with its numbers for the quarter and they are as glorious as you’d expect them to be. The platform now has 271 million MAUs(monthly active users), up by 31% last year, with paid users growing by 29% to 125 million.
The platform generated a revenue of $2 billion in Q4 2019, with a gross margin of 25.6%. This $2 billion number came with a growth rate of 24% over the same time last year.
Still, the company is reporting heavy operational losses, with Q4 2019 numbers coming to about $85 million.
Spotify’s share are up by 1.74% in the pre market trading due to its exceptional performance.
The streaming service also came out with its prediction for the current quarter, stating that it expects MAUs to reach 279-289 million; and premium subscribers somewhere around 126-131 million. However, it expects revenues to drop down to €1.71-€1.91 billion; with gross margins of 23.5-25.5% being steady. The company also speculates operating losses to not change much, with the actual numbers being between of €(65)-€(115) million.
Podcasts on the platform also had an exceptional run in the quarter, with the company reporting that 16% of its monthly active users now listening to them. The feature itself grew by 200% over the course of the year.
Spotify, while the biggest player in the industry, has a lot of competition lined up that will stop at nothing to steal its throne. Amazon reported 55 million MAUs for Amazon Music last month, while Apple also announced 60 million paying users last summer. Moreover, the platform faces tough competition from Gaana in the Indian market, which now boasts 152 million MAUs, thus making it difficult for Spotify to get paid conversions in the area as it attempts to grow.
Still, the platform showed exceptional performance, owing to its premium subscribers, which performed even better than expected, according to the company as the numbers grew to €1,638 million, up 24% an year ago.
The company is also looking to own more podcast start ups, so as to squeeze better profit margins and bypass the royalties that it has to pay to artists. The move is being criticized by artists, claiming that the company is trying to chip away the music part on the platform.


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Starting in 2012, users of certain GPS devices will no longer get traffic updates, weather reports and other data because Microsoft is discontinuing its MSN Direct service.
Google Maps Navigation,introduced today, puts the company in direct competition with GPS makers and former best friend, Apple. The service, which can nicely replace a standalone GPS, is only available for handsets running Google's Android operating s...
Israeli company Red Bend filed a lawsuit this week against Google, charging the search giant with infringing one of its patents.
Sprint Nextel next year will introduce a new, more open application store on its feature phones, turning to a third party to manage it with the goal of getting new offerings out to consumers in an average of one week.
A number of influential members of the open-source community are raising their voices about Oracle Corp.'s pending takeover of the open source MySQL database. Surprisingly, many are not opposing the shift in MySQL ownership that would come with the c...
If you're an Android user, Google is hoping to help you get where you're going.
A massive bot-based attack has been hitting Facebook users, with nearly three-quarters of a million users receiving fake password reset messages, according to security researchers.
Intel and Numonyx B.V. announced a breakthrough in the development of phase-change memory today that has the potential to allow developers to stack multiple layers of chips atop each other, thereby greatly increasing the density of the nonvolatile me...
Twitter warned users Tuesday of a new phishing scam on the social networking site.
Channeling Aretha Franklin, Yahoo CEO Carol Bartz told investors and financial analysts on Wednesday that the company is working hard to regain the respect it has lost in the market.
Cybercriminals have found a new launching pad for their scams: the phone systems of small and medium-sized businesses across the U.S.
Red Hat Inc. has invested an unspecified amount in open-source database vendor EnterpriseDB Inc., a sign that the Linux vendor may be worried about the implications of Oracle Corp.'s takeover of MySQL through its pending acquisition of Sun Microsyste...
Data storage switch maker Brocade Communications Systems Inc. and Thales e-Security Inc. today announced the integration of the Thales Encryption Manager for Storage (TEMS) with the Brocade encryption SAN switches.
Former Advanced Micro Devices CEO Hector Ruiz allegedly shared confidential information with a Wall Street trader connected to an insider-trading scandal, according to a news report on Tuesday.
Google on Tuesday released an SDK for Android 2.0, revealing some new features that will come with the upgraded mobile operating system.
You can’t just rush out and buy the most expensive hard disk and expect it to be the best at fulfilling all your needs. Different hard disks are designed for different uses and if you buy the wrong one you’ll either waste a lot of money or find that it simply won’t work with your chosen task. Here we list the top 10 things to look out for when you buy a new hard disk, whether it’s for a laptop, desktop, Networked Attached Storage (NAS) device or a server in a data center.
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Identity Theft Demystified
Identity theft and strong opinions go hand in hand. ID theft is rampant and is causing millions of dollars of damage every year -- or, it really isn't such a big problem, and few people are really hurt financially by it. Why such wide disparity? More importantly, what can a business owner, an IT manager, a software developer, a consumer or a risk manager do about stopping ID theft when the problem seems so poorly understood?
This was the conundrum faced by attendees at a meeting in Chicago in June 2005. The FBI, Secret Service, Chicago Police Force, and the Identity Theft Prevention Special Interest Group (SIG), formed earlier in the year by members of the Liberty Alliance, met to discuss the topic of identity theft. The group quickly came to a realization that the term was being used quite loosely in the press and in industry. Technology News: Security : Identity Theft Demystified
Back to: PC Security, privacy news


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Fan hails VISA World Cup experience
The most anticipated 21st FIFA world cup football game kicked off last week, in Russia. But for those who will not be able to make it, VISA Inc., global payment company has partnered with Balmoral to bring Russia to Lagos, the Center of Excellence.
Visa Inc. has been a top-tier FIFA partner since 2007, and holds exclusive rights in the financial services product category through 2022. The international payment giant has also invested in the FIFA 2018 World Cup by running the “Use & Win” campaign that will send 20 Nigerians to Russia for the world cup games, and also as one of the official sponsors for Russia in Lagos Fan Festival.
This will be the first World Cup held in Europe since the 2006 tournament in Germany with 32 national teams battling for the golden trophy. Of the 32 teams, 20 will be making back-to-back appearances following the last tournament in 2014.
The Russia in Lagos Fan Festival is currently taking place at Eko Atlantic City, every day until 15th July, 2018, and is the largest viewing village Nigeria has ever seen! Get ready for fun, as all 64 matches are shown live on a Mega Screen at the Balmoral Fan Village. There are mini Food souks that will have everything from exquisite dishes to street food, a Music festival with an impressive lineup in partnership with Balmoral.
Visa offers different digital payment solutions that are secure, fast and reliable, enabling customers to make seamless transactions. At the Fan Fest event, Visa will be providing QR payments for easy, quick and secure ways to pay with your mobile phone, while giving customers and football lovers a thrilling experience as they explore the FIFA World Cup experience here in Lagos.
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Tickets for Rouleur Live LDN are now live, with the event set to return to London’s Victoria House over three days this November.
Formerly known as Rouleur Classic, this year the show’s name has been changed to Rouleur Live to “better reflect what it is – the embodiment of the magazine in an exquisite exhibition format”. Geraint Thomas has also been confirmed to headline the Rouleur Live Theatre.
“It’s so great to be able to announce Rouleur Live and look forward to reconnecting with the sport we love and all our subscribers, new and old, in person once again,” said Chris Holman, show director of Rouleur. “As you can imagine it’s not been easy, but we’ve worked extremely hard to not only make this a possibility but to bring together a host of exciting brands and a star-studded guest list that will once again push the bar on what visitors can expect at this one-of-a-kind exhibition.”
Also changing this year is a flattened price structure, with tickets at £40 for any of the three days. All tickets include a complimentary drink and guests will have full access to the Rouleur Live Theatre across each day as well as the halls showcasing a vast array of memorabilia and innovation from brands.
The roster of new and returning brands includes 4iiii, absoluteBLACK, ABUS, Bianchi, BMC, CADEX, Campagnolo, Ceramic Speed, Cervélo, Colnago, DT Swiss, Elite, fizik, FSA, Giant, Heroïn, HEXR, Hope, KOO, Le Col, MAVIC, MET, Muoverti, Panaracer, PEdALED, Pegoretti, Pinarello, Pirelli, POC, Ribble, Santini, Scott, Shimano, Specialized, SRAM, Titici, Vittoria, Wahoo and ZIPP.
The event will also host a unique collection of exhibits curated exclusively for cycling fans. Other names already confirmed as joining the Theatre stage include Marcel Kittel, Romain Bardet, Cherie Pridham, Adam Blythe, Fabian Cancellara, Imogen Cotter, Steve Cummings, Matt Stephens, Ned Boulting, Rebecca Charlton, Rob Hatch and Laura Winter.
Times are as follows:
Thursday 4th November, 18:00-23:00
Friday 5th November, 12:00-21:00
Saturday 6th November, 10:00-16:00 (U16s go free on Saturday)
Tickets cost £40 for any of the three days, with a season pass also available for all three days at £100. All tickets can be purchased from www.rouleur.cc/live.
Exhibition space is now sold out for brands, however there are still commercial partnership opportunities available upon request.
Read the August issue of BikeBiz below:


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Allens vegetable cannery has notified state officials that it could shut down its plant in Sampson County and lay off 300 employees in February.
The Arizona-based company, which has been paring operations for several years, declared Chapter 11 bankruptcy in October and is in the midst of a corporate restructuring.
The company filed a notice last week with the N.C. Department of Commerce, saying that employees at its plant in the town of Turkey could lose their jobs.
The 87-year-old company’s brands include Allens, Royal Prince, Sugary Sam, Popeye Spinach, Princella and Freshlike.
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The company lists more than $100 million in debt and is seeking a buyer for its frozen vegetable business. It reached an agreement with Seneca Foods earlier this month for Seneca to buy its operating assets, but the deal is subject to the approval of the bankruptcy court, according to The Associated Press.
Staff writer John Murawski


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Since being enacted roughly 6 months ago, the Maltese Virtual Financial Assets Act has been well received. In a recent press release, cryptocurrency exchange, Bitstraq, announced that they gained approval and were granted a VFA licence.
This licence will allow for the exchange to legally operate within the nation, and begin their plans for expansion. It also means that both the platform and its users will benefit from increased security through strict regulations.
Speaking on the licencing approval was Bitstraq CEO, Angelo Jansen. He stated, “At Bitstraq, we aim to provide our users with the most secure exchange. We believe in fair Crypto regulations, that is the reason we obtained the VFA Licenses.”
Future Plans for Securities
Bitstraq has a clear goal for the future. They are actively laying down the foundation needed to support digital securities, when they become commonplace. For now, the company functions as a traditional cryptocurrency exchange, but with enhanced security.
This enhanced security is achieved through the implementation of both AI and what is known as the Sentinel Protocol. Working in tandem, these technologies strive to eliminate fraud through, not only detection, but prevention. The AI used is able to detect hackers and bots using their exchange, which would otherwise go unnoticed. Information regarding these fraudulent accounts is then able to be shared with a global network of exchanges. This sharing of suspicion will allow for future prevention of illicit activity – Proactive vs Reactive.
With regards to digital securities, it is expected that the trend of companies utilizing ICOs will continue to transition to STOs being used instead. It is believed that this will result in an STO industry worth roughly $2 trillion in a years’ time.
Bitstraq has recognized this, and has gone on record stating that once they have stabilized their cryptocurrency exchange, they will strive to become compliant with the laws needed to function as a securities broker/dealer.
Bitstraq CEO, Angelo Jansen stated, “Security tokens are the next mega-trend in cryptocurrency and we expect the traditional financial markets to move into blockchain. When the STO market opens up further, Bitstraq will be the destination for institutional and private players to trade the tokenized assets; Utility Tokens, Coins & Security Tokens.”
Malta’s VFA Law
With Malta adopting the moniker of ‘Blockchain Island’, it is no wonder that they are one of the first nations to release and enact a comprehensive ACT pertaining to cryptocurrencies. Known as the Virtual Financial Act, this grouping of rules and regulations was launched in 2018. The underlying purpose of the act is to protect participants within the industry, while encouraging its growth.
Entities wishing to open operations within Malta that fall under the scope of the VFA are required to apply for a VFA licence. To date, this VFA licence has only been approved for a handful of companies.
Bitstraq is a centralized exchange located in Malta. They currently specialize in cryptocurrency trading, with various pairs available on their platform. The company has indicated their intention to expand its services to incorporate digital securities.
The exchange is unique in their use of AI to provide enhanced security for its users.


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WEDC | Mother’s Day Pop-up Shop
The Women’s Enterprise Development Center will hold a Mother’s Day ‘pop-up shop’ with vendors and shopping!
The event aims to support small local businesses who are part of the WEDCbiz (Women’s Enterprise Development Centre) mentoring and training program.
Vendors and entrepreneurs from Westchester County and the Greater Hudson Valley area will participate, selling bath and body products, apparel, and accessories. These vendor’s focus will be toward items that would sell well pre-Mother’s Day.


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DAYU, China—Last August, a small farm in northern China reported the unexplained deaths of some of its pigs to authorities. Within days, a few dozen hogs tested positive for a deadly and highly contagious virus, and more than 19,000 pigs in the vicinity were slaughtered.
It was the start of the country’s worst outbreak of a livestock disease in decades. Eight months later, African swine fever has swept across China, showing up more than 1,500 miles from the first confirmed cases.
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SMITE’s Latest Update, ‘Darkness Falls’ Has Arrived
Darkness Falls is the latest update to hit SMITE this week, and Asgard has changed, warped by the mighty Jormungandr. With this, the Assault game mode has been changed with an all-new map, reflecting this lore change. The Fimbulwinter is now upon us, and Asgard is plunged into a three-year winter. New objectives, a new look and feel, Assault has been shaken up. The Darkness Falls Battle Pass has also now arrived, with new rewards like Spectral Blade Pele and Terror of the Deep Scylla. Twitch Prime subscribers also are receiving new loot. Through April, Twitch Prime subscribes can unlock Desert Dragon Neith bundle, which gives the Desert Dragon Skin, Loading Screen, Music Pack and more. Players will also unlock a special Mittens chicken skin in Realm Royale for you to use as well – all free of charge for Twitch Prime subscribers.
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As India continues to crack down on cryptocurrencies and related businesses, trading platform Coinome has announced it’s shutting down. The company made the decision after the Indian Supreme Court postponed the “Crypto vs. RBI Case” to July 2019.
Billed as “India’s Safest Digital & Crypto Assets Exchange”, Coinome is backed by billion-dollar, Mumbai-based payment gateway BillDesk. All crypto markets on the exchange will be suspended and any pending or open orders will be canceled, effective May 15, 2019. Coinome asked customers to withdraw all of their cryptocurrencies from the platform as soon as possible.
In an email to customers, Coinome says,
“India is currently going through uncertainty on crypto guidelines and regulations. The government of India has not yet taken a decision on the regulatory framework for crypto exchanges or wallets. Further, the supreme court is yet to act upon the public interest litigation (PIL) on (the) regulation of cryptoassets.”
The “Crypto Vs. RBI Case” sees several cryptocurrency exchanges challenge the Reserve Bank of India (RBI) on its order prohibiting banks from servicing cryptocurrency exchanges.
The Reserve Bank of India has taken a strong stance against the use of cryptocurrencies. Last September, Zebpay, the largest crypto exchange in India, ceased operations in India and relocated to Malta.
In January, Indian police in Jammu and Kashmir issued a public service announcement against cryptocurrencies.
“The general public is informed not to make any type of investment in cryptocurrencies, virtual currencies (vcs) such as Bitcoin because there is a real and heightened risk associated with them. This can result in a sudden and prolonged crash, exposing investors; especially retail consumers who stand to lose their hard-earned money.”
Earlier in April, India’s government circulated a proposal to eliminate cryptocurrencies from all areas of business and daily activities. The “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019? brings the country steps closer to outlawing the sale and issuance of digital assets such as Bitcoin.[the_ad id="42537"] [the_ad id="42536"]


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Boot Barn (NYSE:BOOT) issued its quarterly earnings data on Tuesday. The company reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.01), Briefing.com reports. The company had revenue of $284.00 million during the quarter, compared to analyst estimates of $278.75 million. Boot Barn had a net margin of 5.51% and a return on equity of 16.61%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS.
BOOT stock traded down $4.41 during trading on Wednesday, reaching $37.85. The stock had a trading volume of 219,350 shares, compared to its average volume of 805,424. Boot Barn has a 1-year low of $22.74 and a 1-year high of $48.11. The company has a current ratio of 1.14, a quick ratio of 0.12 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $1.20 billion, a P/E ratio of 24.38, a PEG ratio of 1.39 and a beta of 2.38. The firm has a fifty day moving average price of $43.99 and a 200 day moving average price of $37.91.
In other Boot Barn news, CFO Gregory V. Hackman sold 48,405 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $42.52, for a total value of $2,058,180.60. Following the transaction, the chief financial officer now owns 37,132 shares in the company, valued at approximately $1,578,852.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Grant Conroy sold 33,216 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $41.68, for a total transaction of $1,384,442.88. Insiders sold a total of 145,111 shares of company stock worth $6,084,607 in the last quarter. 1.70% of the stock is currently owned by company insiders.
Several analysts have recently issued reports on the company. ValuEngine cut Boot Barn from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. Zacks Investment Research raised shares of Boot Barn from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Tuesday, January 7th. Pivotal Research lowered their price objective on shares of Boot Barn from $46.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday. DA Davidson reaffirmed a “buy” rating and set a $52.00 price target on shares of Boot Barn in a research report on Tuesday, January 14th. Finally, Stephens assumed coverage on shares of Boot Barn in a research report on Tuesday, October 8th. They set an “overweight” rating and a $46.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $43.67.
About Boot Barn
Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.
Further Reading: Diversification
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The East Nashville Farmers Market is an unlikely victim of Russian hackers that have hijacked its website.
So far, a visit to eastnashvillemarket.com simply brings up a blank white screen rather than something sinister, The Tennessean reports. Market founder Hank Delvin Jr. told the newspaper that someone hacked into his GoDaddy.com account and stole the domain name.
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