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October 29, 2017

Toolkit Thursday Winner collects prize

The winner of the #ToolkitThursday selfie competition, Jack Bowers, has collected his prize – a MM2300A Multi-Meter worth £200.   Bowers, 22, collected his prize from the Blackpool branch of City Electrical Factors (CEF) last week, having visited the very same branch on Thursday 4 February 2016 –

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Graham picked for biggest Lincoln’s Inn job in centuries

The Honourable Society of Lincoln’s Inn has chosen Graham to work on the Grade II-listed Great Hall and Library, within its Bloomsbury Conservation Area in High Holborn. The listed buildings completed in 1845 and 1873 respectively and Graham said this would be the biggest single project on the buildings since their

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Falling pound sparks UK dividend slump

©Bloomberg Barclays is among the big companies to have cut their dividends Sterling’s fall against the dollar has sparked a nosedive in company dividends as the Brexit vote takes its toll on UK investment portfolios. UK dividends dropped 5 per cent year on year in the first quarter, to $16.4bn,

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BDC 318 : Jul 2024

October 29, 2017

Toolkit Thursday Winner collects prize

The winner of the #ToolkitThursday selfie competition, Jack Bowers, has collected his prize – a MM2300A Multi-Meter worth £200.   Bowers, 22, collected his prize from the Blackpool branch of City Electrical Factors (CEF) last week, having visited the very same branch on Thursday 4 February 2016 – #ToolkitThursday – to collect his free Klein Toolkit worth more than £250. These kits are now being given to all JTL electrical apprentices, with Monument Tools continuing to provide kits for JTL’s plumbing apprentices. On collection of his toolkit in February, Bowers and his fellow learners collecting kits were encouraged to take a ‘selfie’ with their new tools, with the one that received the most retweets and likes being the winner, and earning the individual the Multi-Meter. Bowers, known on Twitter as Jack Sperrin, saw his photo pick up 37 retweets and 28 likes on Twitter. #ToolkitThursday saw more than 1,000 apprentices pick up their kits from their local CEF branch on the day, with another 350 collecting their toolkits in the week or two following the big day. The event was the first major distribution of Klein toolkits to new apprentices in England and Wales, following the joint partnership between JTL, Klein Tools and Super Rod announced earlier in 2015. Source link

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Graham picked for biggest Lincoln’s Inn job in centuries

The Honourable Society of Lincoln’s Inn has chosen Graham to work on the Grade II-listed Great Hall and Library, within its Bloomsbury Conservation Area in High Holborn. The listed buildings completed in 1845 and 1873 respectively and Graham said this would be the biggest single project on the buildings since their original construction. It is the latest win for Graham in the capital as the firm sets its sights on further expansion. The contractor recently landed a £17m deal to build a block at the Royal Central School of Speech and Drama’s complex in north London. Lincoln’s Inn is one of the four Inns of Court and its Great Hall was opened by Queen Victoria in 1845. Works will include the reopening of the hall’s main entrance door and upgrades to the kitchen, drainage and damp proofing. A 1,247 sq m, two-storey extension will be made below ground under the East Terrace of the Great Hall. Work will also include a four-storey library extension and a new education centre. Show Fullscreen CREDIT Andy Matthews_Rick Mather Architects_Lincoln’s Inn Great Hall Source: Andy Matthews Lincoln’s Inn Great Hall The works require a Statement of Significance, an Inn Heritage Assessment and Heritage Statement. Graham is tasked with achieving a BREEAM Very Good rating. Philip Ardley, interim director of estates at The Honourable Society of Lincoln’s Inn, said: “This is a very exciting, but complex and potentially sensitive project, for the Inn. We are very much looking forward to working with Graham Construction to deliver this, whilst making every effort to respect the challenges that this will bring to our tenants.” Graham Construction’s London office director Rob Joyce said: “Lincoln’s Inn is a longstanding institution that prepares future barristers for Call to the Bar. The conservation and extension works will preserve and enhance the building for future students and add to the vital functions it provides to its members and the judiciary. “The restoration of such a significant historic and architectural property requires great skill and makes this a highly rewarding project for our team.” Work is due to start on site this month with completion by December 2017. Source link

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Falling pound sparks UK dividend slump

©Bloomberg Barclays is among the big companies to have cut their dividends Sterling’s fall against the dollar has sparked a nosedive in company dividends as the Brexit vote takes its toll on UK investment portfolios. UK dividends dropped 5 per cent year on year in the first quarter, to $16.4bn, largely because of the weakness of the pound, according to data compiled by Henderson Global Investors. More On this topic IN Banks The pound has declined against the dollar this year amid uncertainty over whether Britain will vote to leave the EU on June 23. Ben Lofthouse, a fund manager at Henderson, said: “The strength of the dollar is a problem for sterling income investors. Growth in dividends is going to be less than inflation.” Henderson expects UK dividends to fall this year, making it harder for UK income investors to compete with global fund managers that look overseas for dividend returns. The latest worry comes as a survey last week showed that fund allocations to UK equities have fallen to their lowest levels since November 2008 because of worries about the Brexit vote. Global asset managers decreased their exposure to the UK stock market by 16 percentage points in May compared with April, according to Bank of America Merrill Lynch. As well as uncertainty over Brexit, the UK is struggling because of its dependence on mining and financial groups, where there have been some of the biggest dividend cuts. Miners BHP Billiton, Rio Tinto, Anglo American and Glencore as well as financial services groups such as Barclays and Standard Chartered have all done so. Rio Tinto and BHP Billiton made particularly savage cuts. Rio jettisoned its longstanding pledge not to make reductions, while BHP slashed its payout by three-quarters, which was much deeper than the City expected. Other major groups to announce big cuts in the first quarter included industrial aerospace company Rolls-Royce, which reduced its dividend by 50 per cent. The gloomy outlook for UK dividends contrasts with a more upbeat global picture, where payouts are surging as companies generate cash against a backdrop of recovery in the US and stimulative monetary policies in Europe and Japan. Henderson said it expected global dividends of $1.18tn in 2016, up 3.9 per cent on a headline basis and up 3.3 per cent on an underlying basis, which excludes special dividends. Despite the sharp fall in headline dividends in the UK, underlying payouts grew 0.7 per cent in Q1. Henderson said this was a good result, given the number of resource and banking groups that are listed on the FTSE. Mr Lofthouse said: “It was to be expected that the UK would lag other regions because of its heavy weighting towards the commodity and banking sectors. These cuts will bite deeper later in the year.” On the positive side, Royal Dutch Shell, having absorbed BG Group, promptly paid a dividend 2.5 times larger than BG had done on the equivalent capital. This will offset some of the dividend cuts and cement Shell’s position as the largest payer of dividends in the world. This year, it is set to distribute $15bn, one-fifth more than the next largest payer, Exxon. Copyright The Financial Times Limited 2016. You may share using our article tools. Please don’t cut articles from FT.com and redistribute by email or post to the web. Source link

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