Bank of Ireland sees deficit increase by €460m on back of Brexit

first_imgThe Bank of Ireland’s pension fund has seen a significant increase in its pension deficit as a result of the UK’s vote to leave the European Union, disclosing a shortfall €460m higher than in December.The defined benefit (DB) scheme’s deficit increased to €1.2bn at the end of June, the bank said in an announcement to the Irish stock exchange, ahead of its half-year results set to be published at the end of July.The Irish scheme joins UK DB funds struggling in the aftermath of the country’s referendum.The most authoritative source of deficit figures, the PPF 7800 Index, recorded an £89bn (€105bn) increase in the days after the vote.  In the statement, the bank said: “The outcome of the EU referendum in the UK has impacted, amongst other factors, foreign exchange rates and interest rates including AA corporate bond yields, which, under IAS 19 accounting requirements, are used to discount the liabilities in the group’s sponsored defined benefit pension schemes.”The bank said that, as a consequence, the deficit had risen from €470m at the end of December to around €1.2bn.The scheme, closed to new members in 2007 and closed to accrual in 2014, reported assets of €6.8bn at the end of last year.While the company applied a discount rate of 2.3% at the end of December, and assumed inflation of 1.6% – both measures were up by 10 basis points over the end of 2014 – it calculated a 0.25% drop in the discount rate would increase the deficit by €328m.The marked increase in the scheme’s deficit comes after several years of fluctuating shortfalls for Bank of Ireland.Over the course of 2012, it saw an even steeper increase in the shortfall, from €413m to €1.1bn.last_img read more

Gold Coast house with see-through facade sells for more than $1 million

first_imgThe Broadbeach Waters property at 31 Naranga Ave is known for its unusual design.AN unusual brick house known for its see-through facade has changed hands in a million-dollar deal.The award-winning Broadbeach Waters property on Naranga Ave was snapped up for $1.2 million earlier this month by an interstate couple.Property records show its sale marks a record price for its street.The previous benchmark of $890,000 was set when the property at no. 17 sold in 2017.Lambert Willcox Estate Agents director Jesse Willcox, who marketed the property, said it also set the bar for dry blocks in the area. The new buyers plan to move in. The house sold for $1.2 million. The polished concrete floors are among the house’s standout features.“It’s a standard brick unit but it’s turned on its edge so you see through it,” Mr Davidson told The Bulletin in March.“It’s like a breezeblock but more hard-wearing, it doesn’t need to be painted or treated.”He said the house was broken down into different sections with some very enclosed and sheltered areas while the main living areas were open to the elements.A 25-year-old crepe myrtle tree, which stands within the central atrium and connects the home’s two levels, is a highlight.Large expanses of glass, polished concrete floors and spotted gum timber flooring are also standout features. There is a 25-year-old crepe myrtle tree inside the house.More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days agoHe said the buyers were perfect for the four-bedroom, two bathroom house and planned to move into it.“They fell in love with it, the uniqueness of it stood out,” he said.“Obviously it’s a fairly unique property so it drew a lot of attention.”The house, which was built by vendors James and Lauren Davidson with Brisbane-based James Russell Architect, is well known among locals because of the bricks that surround it.It is a design similar to breezeblocks, which were hip in the 1950s and ’60s, where bricks are laid on their side to show their weepholes and allow for natural light and air to flow through. MORE NEWS: How this woman made $100k in eight weeks An interstate couple snapped up the house. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:35Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:35 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenFive things to consider when buying into a regional area01:35 MORE NEWS: Coast’s first penthouse sells under the hammer It has an open floorplan with lots of natural light.last_img read more

Twisters Get Victory Over Shiners

first_img4th Ranked Oldenburg Academy welcomed Rising Sun to the graveyard on Monday night and OA came away with a 4-0 win to raise their record to 6-3-1.OA got on the board early as Rising Sun was called for a hand ball in the box within the first 2 minutes of the game. Rising Sun was called for a second hand ball in the box in the second half as well. Aaron Huber calmly stepped up on both PK’s and put them in the back of the net. Huber also assisted on the fourth goal on a nice flick in the box to a waiting Sidney Ricke. Luke Ruter scored the second goal of the night on a nice move up the middle as he got behind the defense for a one on one with the keeper.‘We knew going into the game that Rising Sun had been scoring a lot this year. I was proud of our defense as they stood the challenge and got a shutout. Adam Mullen was credited with his 3rd shutout of the year.’  Twisters Coach Ken Getz.last_img read more

Arnold Motor Supply Hawkeye Dirt Tour travels to Hancock County for June 27 salute to veterans

first_imgBRITT, Iowa (June 22) – Hancock County Speedway salutes those who have served our country when the Arnold Motor Supply Hawkeye Dirt Tour comes to Britt next Tuesday, June 27.IMCA Modifieds race for $3,000 to win in the fourth installment of the 2017 tour. The Fast Shafts All-Star Invitational ballot qualifier is sponsored by Mike and Barb Schroeder.Completing the busy race night program are IMCA Sunoco Stock Cars running for $2,500 to win, Karl Chevrolet Northern SportMods for $2,000 to win, IMCA Sunoco Hobby Stocks for $1,800 to win and Mach-1 Sport Compacts for $400 to win.Pit gates open at 5 p.m. and the grandstand opens at 6 p.m. The draw ends at 6:30 p.m. and racing follows 7 p.m. hot laps.Spectator admission is $15 for adults and $5 for seniors and students. Veterans and their spouses get into the grandstand for free. Pit passes are $25.IMCA Speedway Motors Weekly Racing National, regional and Allstar Performance State, but no local track points will be awarded for the draw/redraw show.Salute to Veterans will be broadcast by IMCATV and fireworks follow the race program. More infor­mation is posted on the website.Hancock County owns the distinction of being the only track to host a Hawkeye Dirt Tour event every year since the series began in 2010.Following Jeremy Mills of Garner to victory lane since the inaugural event in Britt were Clayton Christensen of Spencer in 2011, Jon Snyder of Ames in 2012, Kyle Strickler of Mooresville, N.C., in 2013 and 2015, Mark Elliott of Webster City in 2014 and Corey Dripps of Reinbeck last June.Consistent Kelly Shryock of Fertile brings the point lead to town Tuesday night. Arnold Motor Sup­ply Hawkeye Dirt Tour feature winners so far this season include Jimmy Gustin of Marshalltown, Todd Shute of Des Moines and Justin Kay of Wheatland.Arnold Motor Supply Hawkeye Dirt Tour top 20 point standings – 1. Kelly Shryock, Fertile, 111; 2. Joel Rust, Grundy Center, 108; 3. Kyle Brown, Madrid, 103; 4. Jacob Murray, Hartford, 92; 5. Todd Shute, Des Moines, 88; 6. Jimmy Gustin, Marshalltown, 76; 7. Justin Kay, Wheatland, 73; 8. Tyler Droste, Waterloo, 71; 9. John Emerson, Waterloo, and Clay Money, Penokee, Kan., both 65; 11. David Brown, Kellogg. 63; 12. Cayden Carter, Oskaloosa, 58; 13. Jesse Hoeft, Forest City, 56; 14. Troy Cordes, Dunkerton, 55; 15. Kurt Kile, Nichols, 54; 16. Corey Dripps, Reinbeck, 51; 17. Shane DeMey, Denison, 47; 18. Richie Gustin, Gilman, 40; 19. Hunter Marriott, Brookfield, Mo., 39; 20. Darin Duffy, Urbana, 37.last_img read more

Tennis to host regionals

first_imgTennis to host regionals May 2, 2007PENSACOLA, Fla. – The road to the NCAA Division II Men’s and Women’s Tennis National Championships will begin this weekend at the Ralph “Skeeter” Carson Tennis Complex. On Wednesday, it was announced that West Florida will be one of two schools in the south region to host the first two rounds of the national tournament.The men’s and women’s team will both host their region tournament on Thursday and Friday, May 3-4. This is the ninth consecutive season that the men’s and women’s teams will host the first two rounds of the national tournament.In men’s action, top-ranked and top-seed West Florida (23-3) will face fourth-seed Alabama-Huntsville. If the Argonauts win, they will advance to Saturday’s regional final against the winner of the Delta State/North Alabama match.On the women’s side, top-seed and fifth-ranked West Florida (17-6) will host Tuskegee . A victory would advance the Argonauts to the regional finals against the winner of the North Alabama-Harding match.Both men’s and women’s matches on Thursday will begin at 10 a.m. The finals matches are scheduled for 2 p.m. on Friday.Complete ScheduleThursday, May 310 a.mMatch 1 – Men – #1 West Florida (23-3) vs. #4 Alabama-Huntsville (7-8)Match 2 – Women – #1 West Florida (17-6) vs. #4 Tuskegee (14-9)2 p.m.Match 3 – Men – #2 Delta State (13-7) vs. #3 North Alabama (9-10)Match 4 – Women – #2 Harding (21-6) vs. #3 North Alabama (9-10)Friday, May 4Finals will begin at 10 a.mPrint Friendly Version Sharelast_img read more

Eagles Junior High Soccer Team Gets ‘W’ Over Knights

first_imgThe JCD Jr. High Soccer team hosted the South Dearborn Knights winning 3-1.   Scoring for the Eagles: Brady Comer 2 Goals, 7 shots, 1 assist; Warren Boor 1 goal, 3 shots 1 assist; Carson Hughes 4 shots; Dylan Hon 2 shots; Sam Schwering 2 shots; Grant Rinear 3 shots; Drew Cacamo 1 shot; Sam Simon 2 shots; Clark Dwenger  3 stops; Jonathan Norman 2 stops; Ben Schoettmer 4 saves; Brady Borgman 2 saves, 2 stops.Courtesy of Eagles Coach Larry Hammond.last_img

Messi accepts Ronaldo’s dinner invitation

first_imgRelatedPosts Suarez agrees Atletico terms Pirlo not out to copy anyone after Juventus’ comfortable opening win Barca president Bartomeu says he won’t go to war anymore with Messi Lionel Messi has insisted that he would “accept the invitation” of having dinner with Cristiano Ronaldo should the scenario arise in the future. While speaking at the draw for the group stages of the 2019-20 Champions League last month, Ronaldo revealed that he ‘hoped’ to have dinner with Messi when discussing their relationship. Widely regarded as two of the best players in the history of the sport, Messi and Ronaldo have dominated the Ballon d’Or award since 2008. The Barcelona captain has revealed that he would be more than happy to have a personal meeting with the Juventus forward if their paths were cross in the future. A rivalry between the two players has been built up over the last decade, but the Argentina international has once again insisted that there has never been an issue. “Yes, I don’t have any problem with that (having dinner with Ronaldo),” Messi told Sport. “I’ve always said that I don’t have any issue with him. We might not be friends because we’ve never shared a dressing room together, but I always see him at award shows and there’s no problem. “We actually spoke with each other for quite a long time at the most recent show. I don’t know if there will be a dinner because I don’t know if our paths will cross for obvious reasons, each one of us has our own life and our own commitments. But obviously I would accept the invitation.” Messi – yet to play this season due to a calf problem – has scored 603 goals in 687 appearances for Barca in all competitions, in addition to netting 68 times in 136 outings for Argentina. Ronaldo, meanwhile, has struck 602 club goals for Sporting Lisbon, Manchester United, Real Madrid and Juve, and 93 in 160 appearances for Portugal, making him the second-highest international goalscorer of all time behind former Iran forward Ali Daei.Tags: BarcelonaCristiano RonaldoJuventusLionel Messilast_img read more

Villa take points in seven-goal thriller

first_img Villa pulled one back after just 12 minutes as Guzan went route one. Weimann was played onside as the ball made its way to him via the head of a West Brom defender and the Austrian took full advantage as he lobbed Ben Foster. It should have been 2-2 moments later as Villa pieced together a slick move but Bacuna side-footed narrowly wide. Foster then saved well as Weimann stuck out a leg to divert a Ciaran Clark header goalwards. West Brom almost had another as Nicolas Anelka slid in to win possession and set up Morrison, but he curled wide. Anelka – controversially selected after being charged by the Football Association last week over his ‘quenelle’ gesture – was injured in that incident and did not last much longer. He hobbled off in the 26th minute, just as Villa celebrated the equaliser they had threatened. The Baggies defence was cut open as Benteke found Matt Lowton and his low cross was bundled in at the far post by Bacuna. The momentum was then all Villa’s, and they went ahead as West Brom failed to deal with another long ball. This time Benteke won a header and Delph skilfully took the ball around Steven Reid to smash in a shot off the underside of the bar from the edge of the area. A fan tried to join in the Villa celebrations but alert manager Paul Lambert ushered him back into the stands. West Brom were sloppy at the back but they again proved they could be slick in attack as they levelled before the break. Victor Anichebe combined with Morrison and Mulumbu went through to place a shot through Guzan’s legs. The second half started in much the same open manner with Guzan fumbling an awkwardly bouncing Morgan Amalfitano shot behind. Diego Lugano should have put West Brom ahead but headed inches wide when picked out unmarked at the far post by Brunt fromm a free-kick. Amalfitano went down after twisting through the area but referee Mark Clattenburg gave nothing. Instead Clattenburg pointed to the spot at the other end as Lugano wrestled Benteke to the ground. The Belgian got up to rifle in his third goal in three games, further consigning his recent four-month barren run to the past. Amalfitano tried to win another penalty as he tussled with Clark but Clattenburg booked him for diving. There was yet another penalty shout as Foster slid in to dispossess Benteke but he was adjudged to have won the ball cleanly. West Brom applied pressure in the closing stages but could not find a way through. There were complaints from some of their players to Clattenburg, possibly over the penalty appeals, after the final whistle was blown. A Chris Brunt stunner and a Fabian Delph own goal inside the first nine minutes got the Baggies off to a flyer at Villa Park but the hosts replied quickly through Andreas Weimann, Leandro Bacuna and Delph. Youssouf Mulumbu made it 3-3 just before half-time but Benteke secured only Villa’s third Barclays Premier League home win of the season from the spot after the striker himself was fouled. Press Association The result left new West Brom manager Pepe Mel still waiting for his first victory in the job. The performance of his side’s defence might also have raised concerns for a side that has now won just once in 13 league games. In possession, they did arguably have the better of the game in the second half but they could not add to their tally. Baggies captain Brunt lit the fuse for a remarkable night as he fired the visitors into the lead after just four minutes with a superb long-range strike. West Brom won the ball from a Villa throw-in and it was quickly worked forward to Brunt, who flicked it up and then volleyed left-footed past Brad Guzan from 30 yards. Brunt was soon involved again as his quickly-taken free-kick released James Morrison down the left to set up the second in the ninth minute. Morrison crossed low to the centre and Delph, in his efforts to intercept, could only divert into his own net. For a second time this season, West Brom were 2-0 up against Villa, but again they surrendered that advantage. Christian Benteke’s second-half penalty settled a remarkable West Midlands derby as Aston Villa came from 2-0 down to edge a seven-goal thriller 4-3.last_img read more

Swans agree record sponsorship deal

first_imgSwansea have agreed a record-breaking two-year extension with main sponsors international financial company Goldenway Global Group. The deal, reported to be worth £2million and double their previous best, will run until the end of the 2015-16 season. “We are excited and delighted to extend our partnership with Goldenway for another two seasons and announce the biggest sponsorship deal in the club’s history,” said vice-chairman Leigh Dineen told Press Associationlast_img read more

Magpies, Everton vie for Wijnaldum

first_imgNewcastle face competition from Barclays Premier League rivals Everton as they attempt to capture Holland international Georginio Wijnaldum. Press Association The Magpies have spent several weeks engaged in discussions with PSV Eindhoven over the highly-rated midfielder with managing director Lee Charnley understood to have travelled to Holland on Tuesday in yet another attempt to secure a deal. However, Press Association Sport understands the Magpies have so far been unable to agree terms with the club or the player, and now Everton have formalised their interest in him. center_img Toffees’ midfielder James McCarthy has been linked with a big-money move to Tottenham this summer and Wijnaldum would represent a worthy replacement should that deal materialise. That would come as a huge blow to Newcastle, who identified the player as one of their major targets at a transfer summit in the immediate aftermath of Steve McClaren’s appointment last month. last_img read more