Category: dcmwqfyfycys

Sefalana Holding Company Limited (SEFALA.bw) HY2015 Interim Report

first_imgSefalana Holding Company Limited (SEFALA.bw) listed on the Botswana Stock Exchange under the Industrial holding sector has released it’s 2015 interim results for the half year.For more information about Sefalana Holding Company Limited (SEFALA.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Sefalana Holding Company Limited (SEFALA.bw) company page on AfricanFinancials.Document: Sefalana Holding Company Limited (SEFALA.bw)  2015 interim results for the half year.Company ProfileSefalana Holdings Company Limited is a major retail operation with interests in the wholesale and retail distribution of fast-moving consumer goods in Botswana, Zambia, Lesotho and Namibia. It operates 20 major supermarkets under the retail name Sefalana Shopper; 25 cash-and-carry outlets trading under the name Sefalana Cash and Carry; 3 hyperstores trading as Sefalana Hyper Store; 4 liquor stores trading as Sefalana Liquor; and one cigarette distribution outlet trading as Capital Tobacco. The company also sells tractors, agricultural equipment, construction equipment, power-generating plants, water pumps, EDM locomotives and spares, and has franchise dealerships for MAN, TATA and Honda. Well-known subsidiaries in the Group include Foods Botswana, Commercial Motors, Mechanised Farming, Vintage Travel and Tours and Kgalagadi Soap Industries. Sefalana Holding Company Limited was founded in 1974 and its head office is in Gaborone, Botswana.last_img read more

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Swan Life Ltd (formerly The Anglo Mauritius Assurance Society Ltd) (ANGM.mu) 2019 Abridged Report

first_imgSwan Life Ltd (formerly The Anglo Mauritius Assurance Society Ltd) (ANGM.mu) listed on the Stock Exchange of Mauritius under the Insurance sector has released it’s 2019 abridged results.For more information about Swan Life Ltd (formerly The Anglo Mauritius Assurance Society Ltd) (ANGM.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Swan Life Ltd (formerly The Anglo Mauritius Assurance Society Ltd) (ANGM.mu) company page on AfricanFinancials.Document: Swan Life Ltd (formerly The Anglo Mauritius Assurance Society Ltd) (ANGM.mu)  2019 abridged results.Company ProfileSwan Life Limited (formerly The Anglo Mauritius Assurance Society Limited) offers services such as life assurance, pensions, actuarial, and investment businesses in Mauritius. The company also provides life, car, home, health, travel, and boat insurance products, education and retirement plans, investment plans, wealth management, and stockbroking services for individuals. Swan Life Limited is headquartered in Port Louis, Mauritius. Swan Life Limited is listed on the Stock Exchange of Mauritius.last_img read more

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El EJE19 reunirá a jóvenes episcopales de diócesis de habla…

first_img Assistant/Associate Rector Morristown, NJ Rector Tampa, FL Rector (FT or PT) Indian River, MI Rector Pittsburgh, PA AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Rector Shreveport, LA An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Family Ministry Coordinator Baton Rouge, LA Rector Martinsville, VA Associate Rector Columbus, GA Director of Administration & Finance Atlanta, GA Featured Jobs & Calls Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Submit a Job Listing Bishop Diocesan Springfield, IL [Episcopal News Service] La Iglesia Episcopal se prepara para un evento de dos días en América Latina para adolescentes y jóvenes adultos que son líderes en sus comunidades religiosas episcopales, con una orientación deliberada hacia los jóvenes de la IX Provincia de la Iglesia.El Evento de Jóvenes Episcopales, o EJE, tendrá lugar en julio en la Ciudad de Panamá, conforme al modelo de las reuniones del popular Evento de la Juventud Episcopal, que se celebra en diferentes lugares de la Iglesia Episcopal cada tres años. Si bien las reuniones trienales del EYE suelen atraer a más de 1.000 participantes, el EJE inaugural se prepara a recibir a unas 250 personas, incluidos los organizadores, los voluntarios y las delegaciones de cada una de las siete diócesis de la IX Provincia, así como líderes de la juventud anglicana de varios otros países latinoamericanos.“Esto ha sido un sueño durante muchos años”, le dijo a Episcopal News Service Glenda McQueen, funcionaria encargada de Asociaciones Globales para América Latina y el Caribe. A los jóvenes de la IX Provincia con frecuencia les resulta difícil viajar a Estados Unidos para asistir al EYE, donde el inglés es el idioma principal, explicó McQueen, que está radicada en Panamá.El EJE “les dará una oportunidad a los jóvenes y a los jóvenes adultos de esta zona de estar presentes y podrán hablar en español y comunicarse y cantar en español, y alabar a Dios en español, que es su lengua”, dijo ella.Varios departamentos de la Iglesia Episcopal colaboran en el proyecto, entre ellos Formación de Fe, Ministerios Étnicos y Asociaciones Globales, y están trabajando estrechamente con el Equipo de Planificación del EJE19 de la IX Provincia.“Estamos adiestrando a la gente a hacer esto, de manera que en el futuro —y esperamos que sea pronto— el próximo evento estará dirigido por la IX Provincia”, dijo el Rdo. Anthony Guillén a ENS en una entrevista. Guillén es el director de Ministerios Étnicos y el misionero para el Ministerio Latino/Hispano de la Iglesia Episcopal.La IX Provincia de la Iglesia Episcopal comprende las diócesis del territorio estadounidense de Puerto Rico y la República Dominicana en el Caribe, y los países de Centro y Sudamérica Colombia, Honduras, Venezuela y Ecuador, este último dividido en las diócesis de Ecuador Central y Ecuador Litoral. La Diócesis de Cuba, luego de ser  recibida de vuelta en la Iglesia Episcopal en la Convención General de 2018, también ha sido invitada a enviar una delegación al EJE19, aunque Cuba se ha unido a la II Provincia, no a la IX.La mayoría de los episcopales en estas diócesis y sus congregaciones hablan español como su idioma principal, lo cual dijo Guillén que es una razón de que la IX Provincia haya sido históricamente ignorada por la Iglesia Episcopal que es fundamentalmente anglófona.“Nunca realmente pensé cómo ser receptivo a la IX Provincia”, dijo Guillén, pero en años recientes los líderes episcopales reavivaron la esperanza de salvar esa barrera geográfica, cultural y lingüística mediante eventos como el EJE19. El Consejo Ejecutivo también ha prometido celebrar una reunión en cada una de las nueve provincias de la Iglesia durante este trienio, incluida una de las diócesis de la IX Provincia. “Hay un intento de ir y hacer cosas en la IX Provincia”, dijo Guillén.La planificación para el EJE19 ha estado en marcha durante varios años y, en 2018, la Convención General aprobó $350.000 para el evento. Se celebrará en Ciudad del Saber, una antigua base militar de EE.UU. en Ciudad de Panamá que se ha convertido en un centro empresarial y de conferencias con teatros, auditorios, aulas y un albergue estilo dormitorio para los participantes del EJE19. El obispo primado Michael Curry está previsto que asista.“El EJE19 será una increíble reunión de jóvenes dispuestos a aprender acerca del Movimiento de Jesús y a reclamar su lugar en él”, dijo Curry en un comunicado de prensa acerca del evento.Aunque Panamá es parte de la Iglesia Anglicana de la Región Central de América, comúnmente conocida como IARCA, y no es parte de la Iglesia Episcopal, el equipo de planificación de la IX Provincia para el EJE19 escogió este país centroamericano como la ubicación ideal debido a su proximidad con las diócesis episcopales de la región y los económicos costos de viaje.Todavía no se ha finalizado un programa detallado, pero Wendy Karr Johnson, encargada de Formación de Fe de la Iglesia Episcopal, dijo que el evento de dos días de duración incluirá una serie de actividades cultuales, talleres y excursiones, semejantes a los que se ofrecen en el EYE.El obispo de Panamá, Julio Murray, ha sido generoso en apoyar la planificación del EJE en su diócesis, dijo Johnson. Se espera que él les hable a los participantes  acerca del contexto histórico y espiritual de la ciudad anfitriona: “¿Por qué este lugar nos habla, y qué tiene que enseñarnos?”, afirmó Johnson.El EJE19 está concebido para jóvenes de entre 16 y 26 años de edad. A las diócesis episcopales que participan se les invitó a enviar delegaciones de hasta 15 personas, hasta 13 jóvenes acompañados por dos adultos que los cuiden.– David Paulsen es redactor y reportero de Episcopal News Service. Pueden dirigirse a él a [email protected]   Traducción de Vicente Echerri. This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Canon for Family Ministry Jackson, MS Rector Hopkinsville, KY Por David PaulsenPosted Apr 29, 2019 Rector Belleville, IL Assistant/Associate Priest Scottsdale, AZ Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Associate Rector for Family Ministries Anchorage, AK Assistant/Associate Rector Washington, DC Curate (Associate & Priest-in-Charge) Traverse City, MI The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Press Release Service Submit a Press Release The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group New Berrigan Book With Episcopal Roots Cascade Books Director of Music Morristown, NJ In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector Albany, NY Featured Events Rector Collierville, TN Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Curate Diocese of Nebraska Priest Associate or Director of Adult Ministries Greenville, SC Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector Smithfield, NC Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest El EJE19 reunirá a jóvenes episcopales de diócesis de habla hispana en Panamá TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Rector/Priest in Charge (PT) Lisbon, ME Rector and Chaplain Eugene, OR Youth Minister Lorton, VA Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Course Director Jerusalem, Israel Missioner for Disaster Resilience Sacramento, CA Rector Knoxville, TN Submit an Event Listing Rector Washington, DC Priest-in-Charge Lebanon, OH Cathedral Dean Boise, ID Associate Priest for Pastoral Care New York, NY Rector Bath, NClast_img read more

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Apopka Weekly Arrest Report

first_img You have entered an incorrect email address! Please enter your email address here Share on Facebook Tweet on Twitter UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 Please enter your comment! TAGSAPDApopka Police DepartmentArrest Report Previous articleK-9 Officer, Honor is honoredNext articleAHS Drama Department announces schedule Claire Haslett RELATED ARTICLESMORE FROM AUTHOR LEAVE A REPLY Cancel reply Florida gas prices jump 12 cents; most expensive since 2014 Apopka Police Department Arrest Report ~ October 18 – October 24The Apopka Police Department reported the following statistics for the week ending October 24th:Calls For Service      1143Traffic Citations            31Crash Reports              23In addition, the Apopka Police Department reported 25 arrests for the week ending October 24th.  Two  juveniles were arrested.Arrested and charged were 16 adults from Apopka,  2 adults from Altamonte Springs, 1 adult from Kissimmee, 2 adults from Orlando, 1 adult from Ocoee,  1 adult from an Unknown residence, and 2 juveniles from Apopka.All of the arrests are listed here:HUDSPETH, REANNA VICTORIA (35) of APOPKA  – BatterySALDIVAR, ROSBEL MIGUEL (28) of APOPKA  – Multiple charges including Disorderly Conduct and Resisting an OfficerPUEBLA, ALEJANDRO (25) of Apopka  – Multiple charges including Carrying Concealed Weapon without a LicenseDAVIS, RICHARD FLOYD (55) of ALTAMONTE SPRINGS  – ShopliftingRAMOS, FRANK KARLIFF (41) of KISSIMMEE  – ShopliftingDYER, LATONYA EBONI (25) of ORLANDO  – Multiple charges including Drug Possession and ShopliftingWEBB, NEVA J (55) of APOPKA –  TheftMCKINNEY, DANYELLE DAISY G (21) of APOPKA  – TheftTORRES, SHERMAN (55) of APOPKA Multiple charges including  – DUIFOSTER, NOLAN BREWER (32) of APOPKA Multiple charges including  – DUIREYNOLDS, ELIZABETH MARIE (19) of OCOEE Failure to – AppearTIMMONS, GEORGE EDWARD (31) of APOPKA –  BatteryCHERY, EMMANUEL (50) of APOPKA –  Multiple charges including Battery and KidnappingTHOLE, KELLY J (51) of ALTAMONTE SPRINGS  – BatteryTRINIDAD VARELA, BERLIOS (34) of APOPKA  – Damage PropertyNELSON, KADEEM RASHAD (25) of APOPKA  – AssaultBLUE, ARRION DESHAW (25) of APOPKA  – Residential BurglaryWILLIAMS, FLOYD HENRY (55) of UNKNOWN  – ShopliftingTERRELL, DEONDRE JEROD (22) of APOPKA  – Multiple charges including Drug PossessionGOODWIN, HEATHER DAWN (26) of APOPKA  – Multiple charges including DUIEVELINA, VINCENT MICHAEL (18) of APOPKA  – Multiple charges including Theft and FraudNEELEY, PATRICIA LYNN (30) of ORLANDO – LarcenySAMUELS, LATRICIA MARIE (27) of APOPKA – Multiple charges including Drug PossessionJUVENILE (15) of APOPKA  – BatteryJUVENILE (15) of APOPKA  – Multiple charges including Disturbing the PeaceArrest report details provided by the Apopka Police Department Please enter your name here Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom Save my name, email, and website in this browser for the next time I comment.last_img read more

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Free ROI tool for download

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Working out the likely return on investment on various forms of donor recruitment campaign has long been a problem for many fundraisers. There is a distinct lack of tools that allow ROI to be calculated in a consistent way across different forms of activity, for example for campaigns that recruit single gift donors as well as camapaigns recruiting monthly regular givers or campaigns that do both. Most tools that are available are provided by fundraising agencies for the products they are selling and they are seldom comprehensive or necessarily reliable.Faced with this problem, I developed my own Lifetime Value calculator for donor recruitment campaigns. A few other people have used this and found it helpful so I have decided to make it available, for free, to any fundraiser who might find it useful. You can find it on Advertisement Howard Lake | 13 November 2007 | News Tagged with: Finance Individual giving  25 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Free ROI tool for downloadlast_img read more

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Protest hits Con Ed’s criminal neglect

first_imgWW photo: G. DunkelA protest was held at Con Edison’s 2014 annual shareholders meeting in New York City on May 19 to demand that community needs trump shareholder greed in the wake of a March 12 gas explosion in the East Harlem community of New York.An email promoting the event noted: “The gas explosion of March 12 that killed eight people, injured more than 60 people and left so many homeless in East Harlem was a terrible tragedy, but it wasn’t just an accident — it was a crime of racist neglect. Now Con Ed has censored coverage of what happened and thinks that if it can take it off the front pages — it can make New Yorkers forget. But we can never forget that it could happen anywhere.”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

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Schneider National, Inc. Reports Fourth Quarter 2020 Results

first_img 2.260 Average trucks (2) (3) % Includes company trucks and owner-operator trucks at the end of the period. Assets 70.5 ) $ 2019 211.7 73.6 91.2 388.3 Change $ (306.9 $ 3,668 Litigation Net (decrease) increase in cash and cash equivalents $ $ Weighted average diluted shares outstanding Three Months EndedDecember 31, ) 43% 4,747.0 1.25 — 1,040.5 Adjusted operating ratio 202.0 % $ (1)% 2019 105.1 287.5 13.6 31.6 96.2 3,764 286.7 177.4 91.4 2.0 Operating revenues 2020 Three Months EndedDecember 31, Adjusted diluted earnings per share 0.43 Other general expenses 2020 % 65.8 SCHNEIDER NATIONAL, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (in millions, except per share data) % 0.83 3,921 190 bps 1,265.2 $ $ 3.5 — Adjusted net income 4,281.0 Three Months EndedDecember 31, 1.19 2020 $ Deferred income taxes 147.0 ) 78.1 55.9 3,992 1,191.6 $ $ Three Months EndedDecember 31, $ ) 94.2 2020 (13.3 4,266.1 220.2 0.37 Interest expense 2020 0.32 537.7 1.19 207.8 0.83 0.83 16.6 34,742 19% 1.25 470.3 25.8 ) $ 198.1 Diluted earnings per share $ (350.2 0.43 Revenues by Segment 65.1 Three Months EndedDecember 31, Adjusted diluted earnings per share (1) 2020 (0.3 0.44 $ Interest income Operating ratio (1) Net cash used in investing activities 207.8 2,292 4,021 4,552.8 $ 89.3 $ ) 187.8 (0.4 $ $ Net cash used in financing activities 1,156.3 249.4 204.4 2020 Calculated as segment operating expenses divided by segment revenues (excluding fuel surcharge) including revenue in transit and related expenses at the operating segment level. Income from operations Dividends per share of common stock (1) % 2019 $ (1.0 Pinterest 177.3 Facebook 0.32 76.1 292.9 533.0 ) $ — $ $ 77.8 Operating revenues 28.8 Average trucks (2) (3) $ 1.5 2,208 1,191.6 — — $ 300.5 466.0 580.1 ) Liabilities and Shareholders’ Equity 96.5 Schneider National, Inc. Revenues and Income (Loss) from Operations by Segment (unaudited) 91.8 2019 13.3 95.6 0.43 59.0 Fuel surcharge revenues 1% 2,076.8 Adjusted diluted earnings per share 1% Three Months EndedDecember 31, (466.0 A goodwill impairment charge was recorded for our FTFM reporting unit during 2019. (3.3 4,234.5 (8.5 $ 7,170 Year EndedDecember 31, 4,539.2 $ Intermodal The following table presents our KPIs for our Intermodal segment for the periods indicated. In support of a few key customers, we provide dray-only service utilizing our drivers and chassis. The length of haul and revenue characteristics of dray-only service are much different than rail. Prior to 2020, we reported orders and revenue per order inclusive of dray-only activity. Due to increased dray-only activity for the year ended December 31, 2020, orders and revenue per order presented below for both 2020 and 2019 exclude dray-only shipments to not distort period over period comparisons in our core-rail KPIs. (25.1 0.6 75.0 2020 Operating revenues 1.6 8,191 $ 16% $ 9.7 Adjusted net income We define “adjusted net income” as net income, adjusted to exclude material items that do not reflect our core operating performance. Included below is a reconciliation of net income, which is the most directly comparable GAAP measure, to adjusted net income. 172.9 2020 — % 4,552.8 $ 38% $ 51.1 $ $ ) Depreciation and amortization $ 203.7 2019 $ 147.0 4,747.0 $ 0.44 177.3 450.4 4,266.1 24.9 0.43 306.1 $ ) $ 93.2 $ $ (34.6 Three Months EndedDecember 31, 266.4 1,156.3 Three Months EndedDecember 31, $ 463.6 $ % 1.5 2019 Income from operations Year EndedDecember 31, % Restructuring—net 2.065 1,085.3 0.060 207.8 86.2 $ 55.5 (1) Dividends per share of common stock for the three and twelve months ended December 31, 2020 includes a $2.00 special dividend declared on October 26, 2020. Shareholders’ Equity Fuel surcharge SCHNEIDER NATIONAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (in millions) 245.7 Cash and cash equivalents 1,156.3 395.5 $ 359.0 $ $ (156.1 Other current assets $ 1.0 Net property and equipment 1,831.9 Fuel and fuel taxes 105.1 275.1 4,747.0 1,265.2 Previous articleRinchem Company Selects Omnitracs to Ensure Safety and ComplianceNext articleNordson Corporation Announces Earnings Release and Webcast for First Quarter Fiscal Year 2021 Digital AIM Web Support 3,516.2 Adjusted income from operations We define “adjusted income from operations” as income from operations, adjusted to exclude material items that do not reflect our core operating performance. Included below is a reconciliation of income from operations, which is the most directly comparable GAAP measure, to adjusted income from operations. Excluded items for the periods shown are explained in the table and notes below. $ 470.3 $ 73.6 $ 3,940 207.7 $ 40.4 2020 Other current liabilities 2,311 $ Long-term debt and finance lease obligations 3,592 Logistics The following table presents our KPI for our Logistics segment for the periods indicated. 21,890 Weighted average common shares outstanding 93.7 Other noncurrent liabilities 177.3 2019 209.3 21.6 Other expenses (income): 7,413 37.3 Adjusted for: Weighted average diluted shares outstanding 177.7 Year EndedDecember 31, (2) $ 1,078.2 (5) 2019 ) 322.6 $ % (318.7 34.6 1,160.1 1,997.8 44% (0.3 $ Less: Fuel surcharge revenues ) Three Months EndedDecember 31, 177.7 551.6 92.8 4,552.8 91.7 Net capital expenditures 177.6 Adjusted operating ratio We define “adjusted operating ratio” as operating expenses, adjusted to exclude material items that do not reflect our core operating performance, divided by revenues (excluding fuel surcharge). Included below is a reconciliation of operating ratio, which is the most directly comparable GAAP measure, to adjusted operating ratio. 21,890 402.8 9,764 ) 4,552.8 2020 1,265.2 Truckload Salaries, wages, and benefits 177.3 137.3 3,812 — 115.8 $ Restructuring—net (3) Operating revenues 290.5 1,078.2 207.8 $ 4,747.0 3,934.0 3,569 WhatsApp $ $ Logistics 2,900 Net income 1,040.5 934.8 Total operating expenses ) Trade accounts payable 466.0 78.1 6,115 Year EndedDecember 31, 2020 318.3 466.0 Inter-segment eliminations $ 4,539.2 51.9 177.6 (79.5 ) 3.1 $ Year EndedDecember 31, 1,040.5 (12.8 1.19 Divide by: Operating revenues 1.0 Revenues (excluding fuel surcharge) Activity associated with the shutdown of the FTFM service offering. 92.9 Pinterest 2,055.5 Year EndedDecember 31, (in millions) $ 93.2 Contested prior period federal excise taxes, including court awarded costs and interest, as a result of an adverse tax ruling in 2020 related to a dispute with the IRS over the applicability of excise taxes on certain tractors refurbished during tax years 2011 through 2013 and no longer in service. 286.7 Containers Adjusted operating ratio Total Truckload $ 7.9 $ 305.8 Schneider National, Inc. Reports Fourth Quarter 2020 Results $ % 24.7 Other noncurrent assets $ $ $ 150 bps (2.4 ) Logistics 3,974.9 (6.3 Net income $ 2019 (in millions) $ 177.1 Year EndedDecember 31, Operating ratio (4) 107.7 (113.2 % 0.41 1,851.0 1,629 7,123 (1) Three Months EndedDecember 31, WhatsApp % December 31, 2020 2020 (24.3 $ Revenue per truck per week (4) 74.2 183.4 ) Average company trucks (3) Change $ (63.7 0.83 63.7 By Digital AIM Web Support – February 3, 2021 Dedicated $ $ 1.24 Purchased transportation Year EndedDecember 31, 34.6 2019 706.0 4,552.8 $ Other 4,266.1 2019 91.7 116.1 Income from operations $ Total other expenses Trade accounts receivable—net $ 173.3 4,747.0 2,076.8 $ $ Other expense (income)—net $ $ 177.4 106.8 269.3 — Income tax effect of non-GAAP adjustments (1) Basic earnings per share 433,358 $ $ 3,626 90.8 $ 494.5 1.19 (2) $ 76.9 GREEN BAY, Wis.–(BUSINESS WIRE)–Feb 3, 2021– Schneider National, Inc. (NYSE: SNDR, “Schneider” or the “Company”), a leading transportation and logistics services company, today announced results for the fourth quarter and year ended December 31, 2020. “In the fourth quarter, we leveraged the strength of our enterprise portfolio and demonstrated our ability to provide shippers additional mode optionality to cover their base and dislocated freight needs. Our Quest technology capabilities enabled the orchestration of acceptance and execution across our broad array of trucking, intermodal, and brokerage services in a restricted capacity marketplace,” stated Mark Rourke, Chief Executive Officer and President of Schneider. “In our Truckload segment, we achieved an 86% operating ratio through effective yield management, dedicated new business growth, and cost initiatives. In our Intermodal segment, we grew order count 3% year over year despite meaningful rail congestion and allocation issues that resulted in missed revenue opportunities and added costs. Our Logistics segment achieved record quarterly revenue and earnings by providing value-added enterprise solutions in our traditional brokerage offering as well as in our rapidly maturing Power Only offering which utilizes our significant nationwide trailer pool presence. And, our recently launched digital Schneider FreightPower® carrier app supported the acquisition of additional capacity with minimal increase in staffing.” “Our positive momentum of the fourth quarter has continued into 2021, setting up a strong start to the new year. Our key objectives are the continued growth of our dedicated, intermodal, and brokerage offerings while enhancing the margins of our truckload network business,” Rourke continued. “As I look back on 2020, first and foremost, I’m grateful for the health and commitment of our associates. The resiliency of our entire organization, especially that of our professional drivers, shined and in fact strengthened. I believe we are well-positioned for opportunities that lie ahead in 2021.” Results of Operations(unaudited) The following table summarizes the Company’s results of operations for the periods indicated: 12.8 — 10,055 — 1,996.4 $ 0.3 (109.7 Diluted earnings per share — 2019 Non-GAAP adjustments, tax effected 15% 6,489 Revenues (excluding fuel surcharge) (1) 78.1 $ 7,255 (in millions) Litigation 1,370.9 87.7 Restructuring—net Trailers 36,921 34,742 Revenue per truck per week (4) 12.8 ) — Income before income taxes $ $ 3,660.1 ) 97.2 0.06 Operating ratio Revenues (excluding fuel surcharge), in millions, exclude revenue in transit. 636.3 465.8 (1) 618.2 (4) Calculated excluding fuel surcharge and revenue in transit, consistent with how revenue is reported internally for segment purposes, using weighted workdays. 3,526 Revenues (excluding fuel surcharge), in millions, include revenue in transit at the operating segment level, and therefore does not sum with amounts presented above. 4,552.8 $ Adjusted net income Operating expenses: 76.9 2020 December 31, 2019 101.8 Total operating expenses Orders (1) 3,867 113,956 1,156.3 106.3 4,281.0 2020 $ (0.3 177.1 TAGS  % (3.5 1,078.2 ) 0.32 Average owner-operator trucks (3) Operating revenues $ 261.2 0.3 ) (6.5 11.2 ) Year EndedDecember 31, % 2,800 % 92.3 % 974.7 Three Months EndedDecember 31, 0.240 288.4 Restructuring—net 81.3 (3) $ 1,851.6 ) 2020 3.3 Revenues (excluding fuel surcharge) (5) (3.4 3,957 1.24 1,141.0 36,921 Trucks (2) 494.5 Schneider National, Inc. Key Performance Indicators by Segment (unaudited) We monitor and analyze a number of KPIs in order to manage our business and evaluate our financial and operating performance. Below are our KPIs by segment. Truckload The following table presents the KPIs for our Truckload segment for the periods indicated, consistent with how revenues and expenses are reported internally for segment purposes. Prior to 2020, we reported KPIs within our Truckload segment by quadrant. Going forward, KPIs will be reported for our dedicated and network operations only. This presentation change does not impact KPIs at the segment level. Descriptions of the two operations that make up our Truckload segment are as follows:Dedicated – Transportation services with equipment devoted to customers under long-term contracts.Network – Transportation services of one-way shipments, formerly called for-hire. 1,007.8 55.9 % 96.0 3.8 Current maturities of debt and finance lease obligations (in millions, except ratios & per share amounts) 2019 3,514 3,841 Insurance and related expenses Net cash provided by operating activities 2019 % 2019 111.9 Income from operations % 9% $ ) 2020 Adjusted income from operations $ $ Total Liabilities and Shareholders’ Equity 115.8 318.3 73.6 ) Revenues (excluding fuel surcharge) (1) 1,160.1 $ 63.7 SCHNEIDER NATIONAL, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in millions) 4,234.5 289.7 3,642 $ $ Based on delivered rail orders. 35% (in millions, except ratios) Goodwill impairment charge (1) 1,129.3 10,356 ) 438,902 1,265.2 $ 3.8 $ ) (6) $ 371.3 4,539.2 22,655 $ Operating supplies and expenses Goodwill impairment (2) Network (115.8 Operating ratio (6) ) 2020 2020 1,265.2 1.0 0.32 300.5 Calculated based on beginning and end of month counts and represents the average number of trucks available to haul freight over the specified timeframe. 105.1 $ % (in millions) View source version on businesswire.com:https://www.businesswire.com/news/home/20210203005566/en/ CONTACT: Media Contact: Kara Leiterman 920-370-7188 [email protected] Relations Contact: Steve Bindas 920-592-SNDR [email protected] KEYWORD: WISCONSIN UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TRUCKING RAIL TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT SOURCE: Schneider SNDR Copyright Business Wire 2021. PUB: 02/03/2021 09:00 AM/DISC: 02/03/2021 09:01 AM http://www.businesswire.com/news/home/20210203005566/en Includes company trucks and owner-operator trucks. 306.1 $ Total Assets (2) ) (3) 40.4 Provision for income taxes 1,265.2 (1.9 84.3 Facebook 1,156.3 3,660.1 222.0 Total operating expenses $ Results of Operations – Reportable Segments Truckload Truckload revenues (excluding fuel surcharge) for the fourth quarter of 2020 were $470.3 million, a decrease of $24.2 million, or 5%, compared to the same quarter in 2019. The impact on revenue from lower network capacity levels was partially offset by effective yield management actions and dedicated growth. Promotional, project, and spot freight opportunities, along with off-cycle bid activity, positively contributed to revenue in the quarter. Truckload income from operations was $65.1 million in the fourth quarter of 2020, an increase of $24.7 million, or 61%, compared to the same quarter in 2019. Yield management actions cited above and 2019 First to Final Mile (FTFM) restructuring costs of $13.3 million were partially offset by the earnings impact of reduced volume. Truckload segment operating ratio was 86.2% in the fourth quarter of 2020 compared to 91.8% in the fourth quarter of 2019. Adjusted for the effects of FTFM, fourth quarter 2019 operating ratio was 89.1%. Intermodal Intermodal revenues (excluding fuel surcharge) for the fourth quarter of 2020 were $269.3 million, an increase of $8.1 million, or 3%, compared to the same quarter in 2019. Despite missed revenue opportunities due to rail network fluidity and service issues, Intermodal loads grew 3% compared to the fourth quarter of 2019. A higher mix of shorter length of haul Eastern freight impacted fourth quarter 2020 revenue per order which was essentially flat compared to the same quarter a year ago. Intermodal income from operations for the fourth quarter of 2020 was $24.7 million, a decrease of $7.5 million, or 23%, compared to the same quarter in 2019, primarily due to rail operating issues mentioned above which resulted in missed revenue and additional repositioning, dray, and storage costs. Intermodal’s investments in drivers added costs, however, resulted in positive fleet growth in the quarter. Intermodal operating ratio was 90.8% in the fourth quarter of 2020 compared to 87.7% in the same quarter a year ago. Logistics Logistics revenues (excluding fuel surcharge) for the fourth quarter of 2020 were $374.4 million, an increase of $146.6 million, or 64%, compared to the same quarter in 2019 due to brokerage volume growth, which included truckload overflow freight, and increased revenue per order through yield actions. Higher spot mix and price, along with promotional and project opportunities, contributed to increased revenue per order. Logistics income from operations for the fourth quarter of 2020 was $21.6 million, an increase of $13.7 million, or 173%, compared to the same quarter in 2019 due primarily to brokerage volume growth and increased net revenue per order. Logistics operating ratio was 94.2% in the fourth quarter of 2020, compared to 96.5% in the fourth quarter of 2019. Business Outlook “For 2021, we expect constructive macroeconomic and demand conditions against an improving but constrained capacity backdrop,” noted Rourke. “Based on this operating environment, along with cost and productivity initiatives and further advancements of our platform and technology, our guidance for full year 2021 adjusted diluted EPS is $1.45 to $1.60 and assumes a full-year effective tax rate of approximately 25%. In addition, our net capital expenditures guidance for full year 2021 is approximately $425 million. We anticipate the majority of our capital expenditures will be for replacement and reduced fleet age with growth capital being deployed to dedicated, intermodal, and trailing equipment.” Non-GAAP Financial Measures The Company has presented certain non-GAAP financial measures, including revenues (excluding fuel surcharge), adjusted income from operations, adjusted operating ratio, adjusted net income, and adjusted diluted earnings per share. Management believes the use of non-GAAP measures assists investors in understanding the business, as further described below. The non-GAAP information provided is used by Company management and may not be comparable to similar measures disclosed by other companies. The non-GAAP measures used herein have limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of results as reported under GAAP. A reconciliation of net income per share to adjusted diluted earnings per share as projected for 2021 is not provided. Schneider does not forecast net income per share as the Company cannot, without unreasonable effort, estimate or predict with certainty various components of net income. The components of net income that cannot be predicted include expenses for items that do not relate to core operating performance, such as costs related to potential future acquisitions, as well as the related tax impact of these items. Further, in the future, other items with similar characteristics to those currently included in adjusted net income, that have a similar impact on the comparability of periods, and which are not known at this time may exist and impact adjusted net income. About Schneider National, Inc. Schneider National is a leading transportation and logistics services company providing a broad portfolio of premier truckload, intermodal and logistics solutions, and operating one of the largest for-hire trucking fleets in North America. The Company believes it has developed a differentiated business model that is difficult to replicate due to its scale, breadth of complementary service offerings, and proprietary technology platform. Its highly flexible and balanced business combines asset-based truckload services with asset-light intermodal and non-asset logistics offerings, enabling the Company to serve customers’ diverse transportation needs. Since its founding in 1935, the Company believes it has become an iconic and trusted brand within the transportation industry by adhering to a culture of safety “first and always” and upholding its responsibility to associates, customers, and the communities the Company serves. Special Note Regarding Forward-Looking Statements This earnings release contains forward-looking statements, within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company’s current expectations, beliefs, plans, or forecasts with respect to, among other things, future events and financial performance and trends in the business and industry. The words “may,” “will,” “could,” “should,” “would,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “prospects,” “potential,” “budget,” “forecast,” “continue,” “predict,” “seek,” “objective,” “goal,” “guidance,” “outlook,” “effort,” “target,” and similar words, expressions, terms, and phrases among others, generally identify forward-looking statements, which speak only as of the date the statements were made. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks, and uncertainties. Readers are cautioned that a forward-looking statement is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statement. The statements in this news release are based on currently available information and the current expectations, forecasts, and assumptions of the Company’s management concerning risks and uncertainties that could cause actual outcomes or results to differ materially from those outcomes or results that are projected, anticipated, or implied in these statements. Such risks and uncertainties include, among others, those discussed in Part I, Item 1A, “Risk Factors,” of the Company’s Annual Report on Form 10-K filed on February 19, 2020, subsequent Reports on Form 10-Q and 8-K and our other filings we make with the U.S. Securities and Exchange Commission. In addition to any such risks, uncertainties, and other factors discussed elsewhere herein, risks, uncertainties, and other factors that could cause or contribute to actual results differing materially from those expressed or implied by the forward-looking statements include, but are not limited to, the following:Our ability to successfully manage the demand, supply, and operational challenges and disruptions (including the impact of reduced freight volumes) associated with the ongoing COVID-19 pandemic and the associated responses of federal, state, and local governments and businesses;Economic and business risks inherent in the truckload and transportation industry, including competitive pressures pertaining to pricing, capacity, and service;Our ability to effectively manage tight truck capacity brought about by driver shortages and successfully execute our yield management strategies;Our ability to maintain key customer and supply arrangements (including Dedicated arrangements) and to manage disruption of our business due to factors outside of our control, such as natural disasters, acts of war or terrorism, disease outbreaks, or pandemics;Our ability to manage and implement effectively our growth and diversification strategies and cost saving initiatives;Our dependence on our reputation and the Schneider brand and the potential for adverse publicity, damage to our reputation, and the loss of brand equity;Risks related to demand for our service offerings;Risks associated with the loss of a significant customer or customers;Capital investments that fail to match customer demand or for which we cannot obtain adequate funding;Fluctuations in the price or availability of fuel, the volume and terms of diesel fuel purchase commitments, and our ability to recover fuel costs through our fuel surcharge programs;Our ability to attract and retain qualified drivers and owner-operators;Our reliance on owner-operators to provide a portion of our truck fleet;Our dependence on railroads in the operation of our intermodal business;Service instability from third-party capacity providers used by our business;Changes in the outsourcing practices of our third-party logistics customers;Difficulty in obtaining material, equipment, goods, and services from our vendors and suppliers;Variability in insurance and claims expenses and the risks of insuring claims through our captive insurance company;The impact of laws and regulations that apply to our business, including those that relate to the environment, taxes, associates, owner-operators, and our captive insurance company; changes to those laws and regulations; and the increased costs of compliance with existing or future federal, state, and local regulations;Political, economic, and other risks from cross-border operations and operations in multiple countries;Risks associated with financial, credit, and equity markets, including our ability to service indebtedness and fund capital expenditures and strategic initiatives;Negative seasonal patterns generally experienced in the trucking industry during traditionally slower shipping periods and winter months;Risks associated with severe weather and similar events;Significant systems disruptions, including those caused by cybersecurity events;The potential that we will not successfully identify, negotiate, consummate, or integrate acquisitions;Exposure to claims and lawsuits in the ordinary course of business; andOur ability to adapt to new technologies and new participants in the truckload and transportation industry. The Company undertakes no obligation to publicly release any revision to its forward looking statements to reflect events or circumstances after the date of this earnings release. Conference Call and Webcast Information The Company will host an earnings conference call today at 10:30 a.m. Eastern Time. The conference call can be accessed by dialing 877-451-6152 (U.S.) or 201-389-0879 (international). A replay will be available approximately three hours after the call through February 10th by dialing 844-512-2921 (U.S.) or 412-317-6671 (international). The passcode for the replay is 13714208. A live webcast of the conference call can also be accessed on the Investor Relations section of the Company’s website, Schneider.com. $ 2020 Net income 1,531 Year EndedDecember 31, $ $ Local NewsBusiness 115.8 2,306 117,776 Operating ratio 105.1 65.8 2019 % 211.7 1.5 95.6 Income (Loss) from Operations by Segment 4,234.5 2019 1,160.1 Truckload 1,629 2019 $ 11,091 1,046.5 2019 $ Schneider National, Inc. Reconciliation of Non-GAAP Financial Measures (unaudited) In this earnings release, we present the following non-GAAP financial measures: (1) revenues (excluding fuel surcharge), (2) adjusted income from operations, (3) adjusted operating ratio, (4) adjusted net income, and (5) adjusted diluted earnings per share. We also provide reconciliations of these measures to the most directly comparable financial measures calculated and presented in accordance with GAAP. Management believes the use of each of these non-GAAP measures assists investors in understanding our business by (1) removing the impact of items from our operating results that, in our opinion, do not reflect our core operating performance, (2) providing investors with the same information our management uses internally to assess our core operating performance, and (3) presenting comparable financial results between periods. In addition, in the case of revenues (excluding fuel surcharge), we believe the measure is useful to investors because it isolates volume, price, and cost changes directly related to industry demand and the way we operate our business from the external factor of fluctuating fuel prices and the programs we have in place to manage fuel price fluctuations. Fuel-related costs and their impact on our industry are important to our results of operations, but they are often independent of other, more relevant factors affecting our results of operations and our industry. Although we believe these non-GAAP measures are useful to investors, they have limitations as analytical tools and may not be comparable to similar measures disclosed by other companies. You should not consider the non-GAAP measures in this report in isolation or as substitutes for, or alternatives to, analysis of our results as reported under GAAP. The exclusion of unusual or infrequent items or other adjustments reflected in the non-GAAP measures should not be construed as an inference that our future results will not be affected by unusual or infrequent items or by other items similar to such adjustments. Our management compensates for these limitations by relying primarily on our GAAP results in addition to using the non-GAAP measures. Adjustments to arrive at non-GAAP measures are made at the enterprise level, with the exception of fuel surcharge revenues, which are not included in segment revenues. Revenues (excluding fuel surcharge) We define “revenues (excluding fuel surcharge)” as operating revenues less fuel surcharge revenues, which are excluded from revenues at the segment level. Included below is a reconciliation of operating revenues, the most closely comparable GAAP financial measure, to revenues (excluding fuel surcharge). (6.7 282.9 ) Revenue per order (3) 0.4 Calculated as segment operating expenses divided by segment revenues (excluding fuel surcharge) including revenue in transit and related expenses at the operating segment level. 1,156.3 Revenue per truck per week (4) ) — 2020 2019 1,531 2,943 $ — $ 3,516.2 92.8 Twitter (1.5 $ 18% (1) 248.5 % $ Calculated using rail revenues excluding fuel surcharge and revenue in transit, consistent with how revenue is reported internally for segment purposes. Adjusted total operating expenses 286.7 % $ 949.1 Intermodal 71.2 2,236.4 $ 91.1 % (10) bps 530.2 4,281.0 2020 Goodwill impairment $ Intermodal 2019 Calculated as segment operating expenses divided by segment revenues (excluding fuel surcharge) including revenue in transit and related expenses at the operating segment level. Year EndedDecember 31, 318.3 — 86.1 20.2 $ $ 10 bps $ Other % 147.0 $ Revenues (excluding fuel surcharge) Three Months EndedDecember 31, 91.2 % 2019 91.4 0.3 (4) 78.1 77.8 $ (in millions) (237.1 (73.6 1,851.0 2019 Diluted earnings per share (1) 76.9 $ 55.9 $ 211.7 222.0 $ 2,641 Revenues (excluding fuel surcharge) 1,191.6 $ 92.9 Goodwill impairment 286.7 0.06 — 507.6 34.6 $ Adjusted income from operations 13.3 (455.6 Average trucks (2) (3) (318.3 (3) ) 2020 % 38% 93.7 ) 22,655 709.5 374.4 ) 5,743 % 68.1 2020 $ 220.2 $ Our estimated tax rate on non-GAAP items is determined annually using the applicable consolidated federal and state effective tax rate, modified to remove the impact of tax credits and adjustments that are not applicable to the specific items. Due to the differences in the tax treatment of items excluded from non-GAAP income, as well as the methodology applied to our estimated annual tax rates as described above, our estimated tax rate on non-GAAP items may differ from our GAAP tax rate and from our actual tax liabilities. (1) 13.3 Year EndedDecember 31, 34% (2)% 2019 $ Less: Fuel surcharge revenues — $ $ 32.2 1,106.0 ) 63.7 (19.2 109.6 0.01 2020 227.8 106.3 43.1 $ Year EndedDecember 31, 91.1 0.37 — $ Litigation (1) 4,747.0 2019 Table may not sum due to rounding. 89.9 $ 449.0 Twitter (4)% $ $last_img read more

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20 patients on trollies at LGH as INMO calls for urgent government action

first_img Pinterest 20 patients on trollies at LGH as INMO calls for urgent government action Twitter Gardai continue to investigate Kilmacrennan fire Pinterest 75 positive cases of Covid confirmed in North Main Evening News, Sport and Obituaries Tuesday May 25th Previous articleDonegal scientologist alleges harassment against former colleaguesNext articleMan arrested in connection with Churchill shooting News Highland Nurses want all elective and routine admissions cancelled for a fortnight as record numbers of patients wait on trolleys in hospital.As of today, 563 patients are waiting for a bed in emergency departments around the country, 20 of them at Letterkenny General Hospital.Management at Letterkenny General Hospital say the spike in the level of activity over the past few days is due both to the number of patients presenting to the hospital and the dependency level of the patients who are presenting or are already in hospital.According to a statement, there are currently 20 patients on trolleys awaiting admission and the hospital is working strenuously to ensure access to beds.They say a number of measures that are being pursued in order to ensure that every patient who presents to the hospital is treated in a timely and safe manner.They include consultant reviews with a view to expediting discharges, twice daily rounds driven by Bed Management meetings and prioritising diagnostics for in-patients.Escalation beds are being commissioned to accommodate additional patients, and efforts to transfer patients are intensifying, with private nursing homes being considered if insufficient capacity is available in the public system.Callling the numbers a national emergency, the Irish Nurses and Midwives Organisation wants to see emergency recruitment drives in the UK and Australia. Homepage BannerNews Google+ Facebookcenter_img RELATED ARTICLESMORE FROM AUTHOR WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp Facebook By News Highland – January 5, 2015 Google+ Twitter 365 additional cases of Covid-19 in Republic Further drop in people receiving PUP in Donegal last_img read more

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Anonymous 360-feedback drives Vauxhall strategy

first_img Comments are closed. e-HR in action: When it transferred its employee feedback online, Vauxhallensured its new system worked in its favour, by linking behaviour toperformanceIn theory, the concept of 360-degree feedback provides the HR professionalwith one of the most enlightening and potentially effective appraisal tools.The reality, however, has meant it hasn’t always delivered on these fronts. Itcan be cumbersome to implement such a system and its use is blighted byconfidentiality and impartiality issues. The internet has gone a long way towards providing a suitable medium foreasing the implementation of 360-degree feedback, but there is a lot more to itthan simply migrating a paper-based system to an online environment. Tomaximise the benefits, what’s needed is a clearly thought-out approach whichlinks the system to a wider business and people strategy. This was the line taken by car manufacturer Vauxhall. “We had apaper-based system, but it was difficult to administrate, rate of returns waslow, results came back late and it tied up resource,” says RichardPennington, Vauxhall’s manager of planning and development. “Our starting point was to use the new system to help us move towards aperformance-driven culture – tying it in with results, business objectives, andbehaviours. We have a set of cultural priorities, and wanted to drive theseinto everyday behaviours.” Vauxhall employed the services of performance management consultancyGetfeedback which devised an online system that embedded the 360-degreefeedback facility into a wider performance management system called Performanceand Development Review (P&DR). Entirely anonymous “Having a third party involved adds a degree of trust,” says Penn-ington. “Employees know the system is entirely anonymous and any commentnon-attributable.” The system is accessed through Vauxhall’s intranet, Socrates, and providesthree tiers of access: to individual employees, to managers and toadministrators – the latter is the only group who can see everything on thesystem. One of Vauxhall’s demands was that it must be easy to use, so Getfeedbacktook a simple forms-based approach which nonetheless allowed for a large amountof information and data to be collected. The consultancy ran an extensive pilot programme and one of the biggestchallenges lay in dealing with the finite, yet ongoing nature of performancemanagement, explains Getfeedback’s managing director Alison Gill. “Performance management is a finite process every year in thatobjectives change the following year, but it’s also a continual process,”she says. “You need to be able to close the process off every year, butalso to access limited information from the previous year. It can be difficult,and whatever route you take, you must ensure it is logical.” Pennington describes it as handing over a relay baton. “Towards the endof the year, one cycle hands over to the next, and objectives are reset.” Vauxhall will be starting the appraisal and performance management cycle inOctober when the 360-degree feedback is carried out. The system automaticallyreminds all those involved in the process to return their feedback and thisgenerally takes around four weeks. Questions cover the organisation’s culturalpriorities of ‘people development’, ‘act as one company’, ‘product and customerfocus’, ‘stretch’ and ‘sense of urgency’. There must be a 100 per cent response from those who have been nominated tosupply feedback before the system will generate a report. If you continuallyget no response from an individual, however, it is possible to delete them fromthe list. Behavioural objectives During the first six weeks of the process, employees and their managersreview the previous year’s performance, including the 360-degree feedback, thendiscuss and agree new business and behavioural objectives. If the feedback islower than the standard in a certain area, such as communication, employee andmanager will discuss how to address it and review it during their mid-periodreview, which usually takes place in July. Comments are again agreed upon andentered into the system. The whole process then kicks off again in October and towards the end of theyear one cycle transfers over to the next. One of Vauxhall’s objectives was to be able to use the information collectedby the system in a more strategic way, and Pennington says having the data in acoherent form has already allowed it to identify potential development areas. “We found one-to-one coaching is helping improve performance, and sothis year we ran a workshop for managers on that subject,” he says, beforeexplaining where that stands in a wider business context. “We have anumber of individual business plans that relate to elements of the overallcompany business plan and the system provides us with a method of rolling outthe business plan from the top down. “In the future, we want to be innovative in how we manage peoplesystems and processes. This means using modern technology and encouraging itsuse.” Weblink www.getfeedback.netGOTO www.personneltoday.com/featuresfor Making 360-degree feedback work in organisations Previous Article Next Article Anonymous 360-feedback drives Vauxhall strategyOn 19 Aug 2003 in Personnel Today Related posts:No related photos.last_img read more

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‘75% of industry supports tougher laws on foreign ownership of UK property’

first_imgHome » News » ‘75% of industry supports tougher laws on foreign ownership of UK property’ previous nextRegulation & Law‘75% of industry supports tougher laws on foreign ownership of UK property’Claim is made by government as it lays down new laws in parliament to force owners of foreign shell companies to reveal their true identities, and prevent money laundering.Nigel Lewis25th July 20180978 Views The government has claimed that three quarters of the property industry agree that new measures announced this week to clamp down on shady foreign companies who own property in the UK will increase transparency and reduce money laundering.The measures contained within new legislation laid down in parliament follow recent investigations by both the National Crime Agency and a parliamentary committee, both of which concluded that the UK’s lack of regulation was enabling billions of pounds to be laundered illegally.Those who are behind foreign companies which buy UK property will soon have to reveal their true identities or face up to five years in jail when it becomes illegal to hide behind shell companies when acquiring property in the UK. The government is also to set up a public register detailing the beneficial owners of overseas companies that buy property here.Money launderingOnce the new money laundering laws come into effect next year, any foreign company buying or leasing properties in the UK will have to publicly reveal its beneficial owner and register their companies when told to do so.Anyone caught trying to deceive the register by providing false information could face up to two years in jail and an unlimited fine.“For too long criminals have been able to use the property industry as a front for investing dodgy funds, hiding dirty money and evading the law. This stops now,” says UK government minister Lord Duncan (pictured, right).“Most people who invest in property across the UK do so fairly, and legitimately, but the UK government is clear that there is no longer any room for those that seek to exploit the system to hide.”Read more about money laundering.money laundering Lord Duncan shell companies foreign companies foreign criminals July 25, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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