Ronson property drive set to light up London

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Continue reading

Easier to detonate than renovate? Renovations are proving more costly than rebuilding

first_img24 Remo St, Broadbeach Waters.“Fiona and I had an idea of what I wanted to achieve and the best way to get the look I wanted was to start from scratch and … build a home that was both functional and fun to live in” he said.“A lot of thought went into creating meaningful spaces in the home, which reflect the way people live.”The pair recently put their home at 24 Remo St, Isle of Capri, on the market for $1.575 million. Gold Coast couple Andrew and Fiona Bassingthwaite bought a property at Surfers Paradise and demolished an older dwelling to make way for a new house.MORE Gold Coasters are knocking down older houses and rebuilding instead of renovating — and it is saving them up to $200,000.Valcon Homes sales manager Gavin Roden said the average cost of renovating had skyrocketed to $2000 per square metre, meaning upgrading a 300sq m home sets you back $600,000. 24 Remo St, Broadbeach Waters.In contrast, Mr Roden said it costed about $20,000 to demolish a house and about $400,000 to build a new 300sq m home.“Shrinking land supply near the beach on the Gold Coast and close to the inner city in Brisbanemeans more people are thinking outside the box and opting to secure an older property on a bigblock in a prime location,” he said.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North7 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago24 Remo St, Broadbeach Waters.“Most people are really surprised to learn that demolishing a home only costs around $20,000, and is therefore often a much cheaper option than renovating.“Over the past five to seven years costs have gone up and large-scale renovations are simply notgood value for money. In fact (they) can be detrimental if the buyer spends more on the renovation than what they could recoup if they placed the home on the market.” 24 Remo St, Broadbeach Waters.Mr Newlands said rebuilding rather than renovating meant you did not have to compromise on the design and were less likely to run into unexpected renovation expenses.Gold Coast couple Andrew and Fiona Bassingthwaite bought an older property at Surfers Paradise last year and demolished it to make way for a new house. 24 Remo St, Isle of Capri before it was demolished.REIQ Gold Coast zone chair John Newlands said a shortage of land on the Coast was contributing to the trend.“People don’t want to go out to some of the outer areas,” he said. “They want to stay close to town and build close to facilities.”last_img read more

Continue reading

Joseph Mariathasan: Accessing China’s bond markets

first_imgAccessibility to China’s currency and bond markets is good, but faces significant challengesForeign accessibility is reasonably good for China’s onshore bond, foreign exchange, and derivatives markets, but after resolution of delivery versus payment settlement and block trades, the IMF identifies five other practical issues.Unclear tax regulations: In November last year, the Chinese authorities announced a three-year exemption on foreign institutional investors’ withholding tax and value-added tax (VAT) on interest derived from China onshore bond investments. With insufficient details released, however, investors have concerns over issues such as potential tax clawback of previous investments, and future tax treatment after the exemption period expires.Hedging capacity and documentation issues: Foreign public sector investors are allowed to access China’s interbank foreign exchange and interest rate derivatives markets without restrictions (in theory), but actual participation by foreign investors remains low.Insufficient treasury bond liquidity: Like any government bond market, a sufficiently liquid secondary market is a key prerequisite for the government bond yield curve to become a representative benchmark for economic conditions and activity. On-the-run China government bonds and policy financial bonds are already fairly liquid, but the IMF reports that gaps between on- and off-the-run bonds are wide, and the turnover of China onshore bonds remains low relative to global and some Asian peers.“The lack of sufficient liquidity in the China government bond market is the second-biggest hurdle for China bonds to be included in global bond indices,” the fund states.Lack of harmonisation: Four programmes have been set up to enable foreign investors to access China onshore bonds – QFII, RQFII, CIBM, and Bond Connect. Each has different rules and accessible securities, and as none of the programmes are developments of previous schemes, foreign investors are faced with a separate setup to access each new programme.This not only creates confusion, it also puts early movers at a disadvantage, as new programmes are more flexible than the old ones, with no mechanism in place to transfer from one to another. Not surprisingly, the IMF finds that many investors prefer to delay investing until they feel that no more new programmes will be introduced in the foreseeable future.Finally, there is also the problem that non-financial corporations cannot access the bond markets under the current access programmes.These hurdles are clearly strong impediments to the growth of foreign access to China’s bond markets. Perhaps the most frustrating aspect of them is that they are practical, rather than regulatory, issues.The IMF is right to declare that “resolving these issues in a timely manner, while avoiding introducing new uncertainty and practical hurdles as capital markets are opened further, is crucial to securing international investors’ commitment to China’s capital markets”.For investors, the prize is that, according to Dehn, “Chinese bonds are superior to US government bonds as a ‘safe haven’ destination for emerging market investors during major episodes of risk aversion”.By accessing Chinese bonds during bouts of volatility, emerging market debt investors will no longer need to pull money out of the asset class when they get scared, argues Dehn. That may be another reason for increasing weightings to emerging market debt, and taking advantage of the retreating tsunami of quantitative easing-induced misvaluations.Further reading‘Too big to ignore’: The rise of China’s $12trn bond market Global index providers are expected to open up to the $12trn (€10.4trn) domestic bond market in the next two years, according to QIC Investment Management. Despite China now being a main contributor to global trade and product integration, financial sector integration has been limited and China’s financial system, despite its size, also remains largely bank-based. The IMF says this is likely to change, and the bond markets will play a critical role. For foreign investors, it is a market that cannot be ignored despite the current challenges of access.The problems “Investors should rejoice at the prospect of greater access to Chinese fixed income,” declared Jan Dehn, global head of research at Ashmore in a note to investors last year.However, there are still a number of obstacles to gaining easy access to the country’s bond markets, as the IMF lays out in a recently released analysis.Interest from foreign investors in onshore bond holdings is certainly increasing, reaching a new record high of RMB1.7trn (€230bn) in 2018, more than double the year-end 2016 level, according to the IMF.But foreign ownership of China’s onshore bond market still remains low at just 2.1% as of September 2018. The IMF also points out that foreign ownership of onshore government bonds, at 7.4%, is also materially lower than for other special drawing rights currencies (namely the yen, dollar, euro and sterling).last_img read more

Continue reading

Franklin County sees seventh suspected COVID-19 related death

first_imgBrookville, IN—The Franklin County Health Department was notified today of the seventh suspected COVID-19 related death, a female in her 90’s.  No other details were provided by the Indiana State Department of Health (ISDH).   No further information about the patient will be released due to privacy laws.  “We would like to offer our condolences to family and friends in their time of mourning,” said Health Department supervisor, Angie Ruther, RN.Health officials also announced that four more people have recovered from the virus, bringing Franklin County’s total number of recovered to 19.  Two individuals were family who both tested positive for coronavirus.  The two other unrelated patients lived alone.  All four have been released from quarantine.last_img read more

Continue reading

Tevez ‘will comply with order’

first_img Tevez was sold to Juventus by City earlier this week, with the striker signing a three-year deal with the Italian giants. However, though he has started to fulfil the 250 hours of unpaid work he was ordered to do by Macclesfield Magistrates Court earlier this year after Tevez was found guilty of driving offences, the vast majority are still outstanding. Carlos Tevez’s legal team have confirmed they will ensure the former Manchester City striker “abides by the rules” with regard to his community service order. Whilst it is impractical for Tevez to complete the hours prior to reporting for pre-season training at Juve, Probation Service chiefs have already suggested they would have no hesitation in applying for a warrant to arrest the 29-year-old if no agreement had been reached about how he was going to fulfil the remainder of his punishment. Tevez’s legal team are currently attempting to sort the matter out but are adamant the South American will not be flouting the law. “No rules or regulations have been broken in relation to Carlos Tevez’s community service order,” they said in a statement released this afternoon. “We are acting on behalf of Mr Tevez to make sure he abides by all the rules.” center_img Press Associationlast_img read more

Continue reading

Anelka points out Jewish group view

first_img Press Association His conviction appears to be unwavering. In a new post on his Twitter feed, the 34-year-old has written ‘Rien a ajouter’, which when translated reads ‘Nothing to add’. Pertinently, Anelka includes a link to a video clip on Le Figaro that shows an interview with Roger Cukierman, president of Crif, the council representing French Jewish institutions. In the short 40-second segment, Cukierman claims Anelka’s gesture was not anti-Semitic and that he should not be heavily punished. The FA have the power to sentence him to a minimum five-match ban. Cukierman said: “It seems a bit severe to me because it seems to me that this gesture only has an anti-Semitic connotation if the gesture is made in front of a synagogue or a memorial to the Holocaust. “When it’s made in a place which is not specifically Jewish it seems to me that it’s a slightly anarchic gesture of revolt against the establishment, which doesn’t deserve severe sanctions.” Other pressure groups, however, have called for Anelka to be handed more than a five-game suspension due to his lack of an apology. Jonathan Arkush, vice-president of the Board of Deputies of British Jews, told Press Association Sport: “I know under the rules that on a first-time offence there is a minimum five-game suspension. “But I think what he did was sufficiently serious to justify a longer suspension than five matches. Nicolas Anelka has offered a cryptic insight into how he might plead after the Football Association charged him over his controversial ‘quenelle’ salute. “He has not indicated one bit of remorse or regret or apologised for his actions. “He has simply said he wouldn’t do it again and that is not good enough.” The quenelle has been described as an inverted Nazi salute and was created by French comedian Dieudonne M’Bala M’Bala, who has been prosecuted for anti-Semitism. Anelka is a friend of Dieudonne’s and the player has insisted his salute was a gesture of support and aimed at the French establishment. Mark Gardner, of the Community Security Trust, which advises the Jewish community on security and anti-Semitism, said the FA should take action against Anelka. He said: “Anelka has introduced a very ugly phenomenon into British football. “Anelka’s action risks the ‘quenelle’ being taken up by actual anti-Semites and used against British Jews: as it has been in France and elsewhere. “The FA should throw the book at him.” West Brom striker Anelka has until 6pm on Thursday to respond to the charge he made an improper gesture, and that it was an aggravated breach in that it included “a reference to ethnic origin and/or race and/or religion or belief”. Anelka has long maintained the gesture he made after scoring in West Brom’s 3-3 draw at West Ham on December 28 was not anti-Semitic, as condemned by many, but instead anti-establishment. last_img read more

Continue reading

Southampton announce profits

first_imgSouthampton have announced after tax profits of £33.4million for the year ending June 30, 2014, their first full-year profit since the club went into administration in 2009. Press Association Southampton chief executive officer Gareth Rogers said: “There are lots of positives to take from these financial results. Recording the first profit and positive net asset position for the first time since administration in 2009 is very pleasing. It shows the health of the club and the Group is strong and the foundations are there to be built on.” Southampton’s debt now stands at approximately £50m, of which circa £19m is owed to Vibrac, £15m shareholder’s loan and a further £15m secured on the shareholder’s estate. A big factor in the increase in revenue was due to the increase of television money, with payments increasing from £46.9m in 2012/13 to £79.4m in 2013/14, while c ommercial income has increased from £6.7m in 2012/13 to £8.3m in 2013/14. Rogers added: “Our focus remains on developing significant commercial growth which will support our vision to create a sustainable business model. “We have a strong business plan in place and we’re already seeing the green shoots of that plan. We believe it is possible to be a well-managed, well-structured football club that is successful both on and off the pitch.” center_img St Mary’s Football Group Limited audited annual results showed a £33.4million profit on ordinary activities compared to a £7.1million loss in 2013. Total revenue increased to £106million from £71.8million in 2013 while group wages, including players, increased from £41.4million in 2013 to £55.2million in 2014. last_img read more

Continue reading

Syracuse defense holds off Tar Heels attack after early goal before breaking down in overtime loss

first_imgTwo and a half minutes into overtime, North Carolina had a four-on-two opportunity stopped just outside Syracuse’s 18-yard-box when defender Erin Simon intercepted a pass.Less than a minute later, Maddie Iozzi blocked a shot taken by UNC’s Summer Green.But in the sixth minute of the extra period, Green dribbled along the right sideline and sent a cross on the ground and right in front of the goal for an easy one-touch finish by Paige Nielsen.The Orange (5-10-4, 2-7-1 Atlantic Coast) competed with No. 5 North Carolina (12-2-2, 9-0-1) for over 95 minutes before losing 2-1 in overtime in its season finale at SU Soccer Stadium on Sunday. After surrendering a goal in the 17th minute of the game, SU’s defense defended the Tar Heels’ forwards by winning tackles and forcing them to play on one side of the field at a time.“To take North Carolina to overtime is a moral victory in itself,” Syracuse head coach Phil Wheddon said. “Unfortunately it doesn’t show up on the stat sheet, but I thought our players worked really, really hard defensively.”AdvertisementThis is placeholder textThe Orange was eliminated from postseason contention over two weeks ago, but Wheddon said his team has still been practicing with enthusiasm.Entering Sunday’s game, SU’s game plan was to keep the Tar Heels from opening up space with cross-field passes.“If you allow them to knock the ball around and keep switching the point of attack all the time, they’re a very dangerous team with a lot of pace,” Wheddon said. “If you allow them to do that, they can expose you. I thought that we took that away from them at times.”Throughout the entire season, Syracuse’s defense competed with some of the nation’s top teams — then-No. 13 Notre Dame, then-No. 2 Florida State and then-No. 24 Clemson. Before Sunday, the Orange hadn’t scored a goal since Oct. 4 while its defense held those teams to just two goals or less.Once again, SU’s defense only broke down twice, but it still wasn’t good enough to earn a positive result.“It’s really frustrating,” senior Alexis Koval said, “just because you put in that much effort for that long and it doesn’t come off your way at the end.”With about five minutes before halftime, a pass was sent over the heads of Syracuse’s defensive players and into the middle of the 18-yard-box. Center defender Taylor Haenlin sprinted back and slid to kick the ball to the side of the field.At the start of the second half, Syracuse went 10 minutes before having an offensive possession on North Carolina’s side of the field. The Orange struggled to clear the ball out of its own end and the Tar Heels earned two corner kicks in that span.A few minutes later, Haenlin got in a footrace with UNC’s Emily Bruder down the sideline. Haenlin deflected the ball, but didn’t alter Bruder’s path toward SU’s goal. From just a few yards to the side, Bruder’s shot hit the outside of the net for a Syracuse goal kick.“I think (the defense) really did amazing,” junior Maya Pitts said. “I think Taylor did a really well job today containing their forwards.”After a disappointing five-win season, Koval said she is excited for the future. With 11 freshmen and 8 sophomores, Wheddon stressed all season that this was a growing year.Syracuse can only go up from here, Koval said.“It’s a good sign,” Koval said. “We just played the fifth team in the country so if we can stay with them, we can stay with anyone.” Comments Facebook Twitter Google+ Published on November 2, 2014 at 6:58 pm Contact Paul: pmschwed@syr.edu | @pschwedslast_img read more

Continue reading

Bassey Bags more FIFA, CAF Appointments

first_imgHe has been appointed by CAF as General Coordinator for the CAF Champions League final leg between Zamalek of Egypt and Mamelodi Sundowns of South Africa, set for Egypt on the weekend of 21-23 October. The Referee will be Papa Bakary Gassama from The Gambia, with former Ghana FA scribe Worlanyo Agra as Match Commissioner and Sudanese Salah Ahmed Mohamed Saleh as Referee Assessor.The match in Cairo will be Bassey’s fifth involvement in CAF Club final match (CAF Champions League/CAF Confederation Cup) in three years.Next month, precisely on 13th November, Bassey will serve as Security Officer at the 2018 FIFA World Cup qualifying match (Group A) between Guinea and Democratic Republic of Congo, at the September 28 Stadium in Conakry. Cameroonian Alioum Alioum will be Referee for this match, with Idrissa Sarr from Mauritania as Referee Assessor and Ivorian Ardiouma Kone as Match Commissioner.Bassey told thenff.com: “I am delighted at these appointments. I thank the Almighty God on a daily basis for the wisdom and knowledge that has made me found favour in CAF and FIFA to the point of absolute trust and belief in my capacity.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Highly –respected Nigerian football administrator, Mr. Paul Bassey has been handed more and even weightier duties by the world football –governing body, FIFA and the Confederation of African Football, CAF.The Sole Administrator of Akwa United FC, who was penultimate week appointed the Chairman of Sports Development Services in Akwa Ibom State, was in action as the Security Officer for the 2018 FIFA World Cup qualifying match between Congo and Egypt in Brazzaville on Sunday. The Pharaohs won that match 2-1.Now, Bassey has been called upon again, this time for both a 2018 FIFA World Cup qualifier and the 2016 CAF Champions League final, second leg match.last_img read more

Continue reading