London Stock Exchange expresses interest in Russell takeover

first_imgThe London Stock Exchange Group (LSEG) has confirmed its interest in purchasing Russell Investments from current owner Northwestern Mutual.The US insurance company has owned Russell since 1999, including its index, consultancy and asset management businesses.LSEG, and its FTSE International brand, would be most interested in the purchasing of Russell’s index business, which may roughly equate to a third of its expected value.The essential merging of the FTSE and Russell indices would give the firm a strong foothold in the US index market, currently dominated by S&P in the large-cap area. However, around 98% of all small-cap investments are associated with the Russell 2000 index, a flagship offering.The confirmed interest from LSEG could be met by a rival bid from MSCI, the global index provider, and other potential private equity firms.MSCI, while a major name in the global index market, has little foothold in US offerings.Both index providers would not necessarily want to purchase the entire Russell business, which is mainly made up of investment management and consultancy.Russell currently provides asset management services, in particular multi-manager options, to both institutional and retail clients, with around $260bn (€190bn) under management.It also offers investment consultancy and fiduciary management services to pension funds.In a statement, LSEG said it was evaluating the merits of purchasing Russell Investments, and that it had entered discussions with the Northwestern Mutual Life Insurance Company.“Discussions remain ongoing, and there can be no certainty that any transaction will be forthcoming,” the group said.“If a transaction were to proceed, LSEG would intend to part-fund it through an equity raise.”Any potential bid could also see a partnership between one of several rival index organisations and private equity investors.This would result in Russell’s asset management and consultancy going to private equity, and the index to LSEG or MSCI.One source, with knowledge of the matter, suggested Warberg Pinkus and the Canadian Imperial Bank of Commerce as potential suitors to the asset business.last_img read more

Antique has 467 landslide-prone areas

first_imgHowever, he said local disasterofficers and residents have to always remain alert, especially during rainydays. “I told them that when the rain ishard, they automatically evacuate the residents,” said Nuñez. DENR-MGB reported its findings in aSeptember report. The Office of Civil Defense (OCD) Region 6 confirmed it earlythis week. Nuñez said OCD Region 6 does notnecessarily advise the residents in these areas to evacuate “because some ofthe risks were minimal and there are no evacuation centers.” A total of 16 villages in NegrosOccidental, particularly in Cauayan and Hinoba-an towns and Sipalay City, arealso landslide-prone while four villages in Buruanga, Aklan province were alsoidentified as the same. “We are ready 24/7. They (municipaldisaster risk reduction and management councils) release situation reports fromtime to time,” he said. Out of the 4,617 villages in theregion, 467 landslide-prone areas are in Antique. The landslide-prone barangays are inthe following Antique towns: San Remegio, Anini-y, Barbaza, Belison, Bugasong,Culasi, Hamtic, Lau-an, Libertad, Patnongon, San Jose, Sebaste, Sibalom,Tibiao, Tobias Fornier, and Valderrama.center_img Iloilo province, meanwhile, has 72villages identified as prone to landslides. These villages are located in thetowns of Miag-ao and San Joaquin. According to OCD regional directorJose Roberto Nuñez, his office is continuously monitoring the barangays. ILOILOCity – Antique province has the most numberof villages prone to landslide in Western Visayas, according to the Departmentof Environment and Natural Resources – Mines and Geosciences Bureau (DENR-MGB). There was no casualty; preemptiveevacuation was immediately undertaken. He reported that a landslide occurredin Bacan village, Tubungan town, Iloilo on Nov. 7, following heavy rains. On Nov. 9, Nuñez led the inspection ofthe area together with Tubungan’s Mayor Roquito Tacsagon and municipal disasterrisk reduction and management office personnel. (PNA)last_img read more

Rescheduled legislative update happens this weekend

first_imgGreensburg, In. — The Greensburg-Decatur County Chamber of Commerce will host local lawmakers for a legislative update on Saturday, January 20. House Representatives District 67 Republican Randy Frye, District 55 Republican Cindy Ziemke, Republican senator Chip Perfect from District 43 and Republican Jean Leising from District 42 are expected to attend.Each Legislator will be allowed 10 minutes to discuss their views and plans for the 2018 General Assembly and take questions.The event will be held at the Decatur County REMC at 8:30 a.m.last_img read more

Cabaye speaks of battle with depression

first_img Cabaye joined the Magpies in 2011 and ended his impressive first season by joining up with his national squad for Euro 2012, but the non-stop season took its toll. Cabaye said that only a groin injury which sidelined him for much of the current campaign gave him time to recuperate and recover from his illness. Cabaye added: ‘Depression? I am not afraid to say that. It was that. I started with Newcastle in June 2012 and for the very first time, I didn’t have any winter break so then to resume in July 2012, it was very difficult. “Maybe it is difficult to start again after a big competition such as the Euros, but my body didn’t allow me to do what I wanted to do.” Cabaye explained how his groin injury and resulting surgery allowed him to go home to Lille and spend time with friends. It was that overdue period away from the game that helped nurse him back to full health. Cabaye said: “Physically I feel perfectly fine now and I am keen to fight for the club. I want to give twice as much to save the club from the drop. I want to prove to the fans that they can trust me and I can defend the Newcastle colours. “Now that episode is over, I have much more fun going to daily training sessions. I realise how lucky I am.” And the Frenchman said he was “reassured” by reading books by Jonny Wilkinson and Rafael Nadal, who had both been through similar experiences. Cabaye told L’Equipe: “I was reassured by reading the books of Jonny Wilkinson and Rafael Nadal, who both talked about the same thing. They talked about post-competition depression and the need to have a break.” Press Associationcenter_img Newcastle midfielder Yohan Cabaye has revealed how he overcame a battle with depression brought on by a rigorous club and country schedule last year.last_img read more

IOA blames NADA for dope test lab suspension, massive fight breaks out

first_imgLast Updated: 23rd August, 2019 15:02 IST IOA Blames NADA For Dope Test Lab Suspension, Massive Fight Breaks Out The Indian Olympic Association on Friday lashed out at the National Anti-Doping Agency for the suspension of the country’s only WADA-accredited laboratory. WE RECOMMEND READ: Lost ‘Smack’: Rajasthan Police Follows Assam Police’s Wit Flaunting Latest Drug Haul; Netizens Debate ‘who’s Most Sarcastic?'”The National Sports Federations (NSFs) are not in a position to bear the extra cost. And why should we bear the extra cost for NADA’s mistakes?” he asked. The WADA said the suspension came after it’s Laboratory Expert Group (LabEG) initiated disciplinary proceedings with regards to the status of WADA-accredited laboratories across the globe.The IOA chief said a negligent NADA sat on the issue for a long time despite repeated reminders from WADA. WATCH US LIVE 1 year ago BCCI under NADA: Sports minister Kiren Rijiju welcomes move, terms it “major positive turn” 1 year ago Big news for Cricket fans, sport being pushed for 2028 LA Olympics after BCCI’s NADA decision “This issue has been going on internally for the last year. The WADA has been pointing drawbacks in the NDTL’s testing methods but the NADA has failed to manage its affairs,” Batra said. NADA Director General Navin Agarwal remained unavailable for comments despite repeated attempts to reach him by PTI. First Published: 23rd August, 2019 11:35 IST Press Trust Of India COMMENT The World Anti-Doping Agency (WADA) had suspended the accreditation of (NDTL) for six months in a blow to India’s anti-doping programme, the cost of which will rise significantly now. The lab, which got WADA accreditation in 2008, is no longer authorised to carry out testing of the samples as the suspension is effective August 20.The development is a setback for India with less than a year left for the Tokyo Olympics. The National Anti-Doping Agency (NADA) can still collect samples (blood and urine) but will have to get them tested by a WADA-accredited laboratory outside India.READ: Karan Johar Party: Filmmaker Reacts To Allegations Of Drug Abuse, Says, ‘apparently You Aren’t Allowed To Scratch Your Nose’ center_img The Indian Olympic Association on Friday lashed out at the National Anti-Doping Agency for the suspension of the country’s only WADA-accredited laboratory, saying NADA’s “mistakes” have jeopardised the anti-doping programme here.The World Anti-Doping Agency (WADA) suspended the National Dope Testing Laboratory in Delhi for six months “due to non-conformities with the International Standard for Laboratories (ISL)”. The NADA can appeal the suspension in the next 21 days. The NADA can still carry on with sample collection (blood and urine) but will have to get them tested by a WADA-accredited laboratory outside India. FOLLOW US 1 year ago CWG 2022 | Shooter Heena Sidhu and National Rifle Association back IOA’s call to boycott event over non-inclusion of shooting NDTL had got WADA accreditation back in 2008. “We will now have to pay in dollars instead of rupees. My only concern now is who will bear the extra cost?” Indian Olympic Association President Narinder Batra told the media. LIVE TV 1 year ago NADA to start testing players during Duleep games, BCCI wants only doctors as DCOs SUBSCRIBE TO US Written By 1 year ago BCCI finally comes under NADA, officially becomes National Sports Federationlast_img read more

Remembering the forgotten man of Ghanaian football – Owusu Banahene

first_imgAhead of the Satellites’ planned appearance at the 2013 WYC in Turkey, Goal remembers Ghana’s dazzling keeper who led the U20s to a runners-up finish in 2001 at Argentina.The last decade has seen quite a few brilliant goalkeepers feature for the Black Stars, notably the likes of Richard Kingson, Sammy Adjei and George Owu; for good measure, you could throw current [alternating] regulars Fatau Dauda and Adam Kwarasey into the mix as well.Somehow, though, those privileged to have lived through a slightly earlier era would be inclined to believe the most outstanding of the lot never got to tend goal for Ghana, and probably never would. And, almost certainly – for those of that particular school of thought – the individual they might have in mind would be a certain Maxwell Owusu Banahene.By the age of 18, Banahene was already something of a legend for Ghana at youth level football, rising quickly to become one of the country’s most promising prospects at the time. As first-choice goalkeeper and team captain, he had guided the Black Starlets to silver and bronze at the U17 African Cup and World Cup respectively in 1999.Two years later, Banahene, again in the capacity of an undisputed No.1 and skipper, would lead the Black Satellites to a runners-up finish in Argentina, conceding just twice along the way, prior to being humbled 3-0 by the Javier Saviola-inspired hosts.Owu – who would later play a part in sealing Ghana’s maiden successful Fifa World Cup appearance – deputised for Banahene at the tournament, while the likes of Petr Cech (now a bona fide Chelsea and Czech Republic great), Maarten Stekelenburg (a World Cup finalist with the Netherlands in 2010) and Wilfredo Cabellero (Malaga’s Argentine goalkeeper who performed so brilliantly in this season’s Champions League) all debuted at that tournament yet were bested by the splendid Banahene. At club level – with Sekondi Hasaacas and later Liberty Professionals – he was doing just fine. This clearly was a young man who truly had the world at his feet.Not for long, though.LOSTIn 2002, Banahene’s fine progress was obstructed in the worst possible way when he suffered a career-threatening knee injury that robbed him of his present and much of his future as it appeared then.A few years later, Banahene could only watch as the Stars qualified to and appeared at the World Cup, with the contributions of goalkeepers who -good as they were – wouldn’t have considered themselves fit to tie the laces of Banahene in his pomp, as well as a good number of the players that featured alongside him at junior level. From that blessed Satellites batch alone, as many as eight played at Germany 2006 namely, Michael Essien, John Mensah, John Paintsil, Sulley Muntari, Derek Boateng, Emmanuel Addoquaye Pappoe, Razak Pimpong, and Owu. Quite tellingly, among the octet mentioned are all four players who shielded Banahene throughout the 2001 World Youth Championships in that spectacular unit constructed by coach E.K Afranie.While his colleagues have continued to shine at the highest level for Ghana, Banahene desperately sought to resolve his health issues and – quite disappointingly – for a while, he was obliged to sort them out by himself. No one else seemed too interested. Liberty, where he played as of the time misfortune struck, failed to help satisfactorily, as did the Ghana Football Association. On his own, there was only so much the young man could do.Unable to bear the considerable cost of treatment alone, Banahene had to abandon his mission of recovery and rehabilitation, for which purpose he had journeyed to England. At that point, all hope looked lost for a career which seemed set for a premature crash, having barely taken off.REDEEMEDFrom nowhere, a ‘saviour’ – one that Banahene perhaps least expected a supportive arm from – intervened. Paintsil had excelled alongside Banahene at Argentina 2001 and perhaps had greater consciousness of his former peer’s potential and plight than most. Paintsil had just secured for himself a move to England’s Fulham and saw in his own progress a fine opportunity to help a brother in misery. Banahene was invited to The Cottagers’ training complex in London where he benefitted from the club’s advanced expertise and facilities in sports medicine and physiotherapy, all at the expense of his colleague-turned-benefactor.Gradually, the former goalkeeping prodigy was nursed back to optimum form and fitness and subsequently staged a comeback at 26, an age at which he should have been reaching his peak instead. Improved as his reputation from the past was, however, Banahene never lacked suitors when he felt good enough to re-launch his career. A number of lower-tier English clubs (with whom he trained while recuperating) expressed some interest but Banahene ultimately signed for Ghanaian side Berekum Chelsea, featuring for a while in the Ghana Premier League.LOST AGAINSo scanty is information available on the player that, try as this writer did, finding reliable news on Banahene’s present bearings seemed almost impossible. For a man who has been out of public consciousness for a while, that is hardly surprising, lamentable as it is. Apparently, though, he is on Chelsea’s books no longer.Wherever Maxwell Owusu Banahene might find himself now, however, he certainly might wonder just what could have been had injury not curtailed his bright beginnings and rendered him what he would always remain to those whoever saw him play: the forgotten man of Ghanaian football.last_img read more