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Retailers may have to eat own margins

first_imgWednesday 17 November 2010 8:47 pm KCS-content Retailers may have to eat own margins whatsapp Show Comments ▼ THE chilled convenience food market is ripe for consolidation. In recent years, the major players have lacked the scale needed to secure a decent return from powerful supermarket retailers. Investment has fallen, taking its toll on the quality of products. For that reason, the marriage of the two leading chilled players in the UK market makes perfect sense. If the almost nil premium merger goes ahead, the rest of the compeition will pale in comparison. Icelandic Bakkavor has struggled since the island’s banking woes, while RF Brookes, the chilled unit of Premier Foods, is looking tired. The pair expect to make some £40m in cost savings, 90 per cent of which will be achieved in the first two years. Crucially, these synergies are not based on a predicted surge in revenues, which might never materialise; instead, Essenta (as the new company will be known) will save £15m by cutting overheads; £20m on more efficient procurement; and £5m by moving Northern Foods’ tax domicile to Ireland (a rare piece of good news for that emerald isle). However, the main advantage is the extra clout that Northern Foods and Greencore can expect in the future. The proposed merger will create a clear number one player in private label ready meals, coupled with a handful of successful brands. With annualised sales of around £1.7bn, it will be a force to reckon with: supermarkets might have to eat into their own margins instead of their suppliers’. Shareholders should support the merger. Northern and Greencore would have a less certain future if they went it alone. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoWolf & ShepherdNFL Star Rob Gronkowski Loves These ShoesWolf & ShepherdUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoLiver HealthAdvertisement 1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoCompressaWhy Physical Therapists Are Recommending This Knee SleeveCompressaUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndo Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Tags: NULL Share Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead Morelast_img read more

Green power firm raises £10m

first_img Green energy company Ecotricity attracted more than 1,800 potential investors to its £10m bond sale, the firm announced at the weekend. Ecotricity hopes to build sun and wind farms with the proceeds from the sale, which was oversubscribed by 50 per cent. Three quarters of the investors are existing customers, who will receive better rates on the bonds. Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Share Sunday 19 December 2010 9:56 pm Show Comments ▼ KCS-content whatsapp whatsapp Green power firm raises £10m last_img read more

Middle East buyers to lift office gloom

first_img whatsapp Middle East buyers to lift office gloom whatsapp Wednesday 16 March 2011 9:07 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Show Comments ▼ KCS-content Share OFFICE investment in London fell markedly in the first three months of the year, though higher oil prices are expected to drive more sovereign wealth funds into real estate in the capital, according to Knight Frank research seen by City A.M.Office properties worth £1.6bn are due to change hands in the three months to the end of March, down from a bumper quarter at the end of 2010 when £3.6bn-worth of investments were made, according to the estate agent’s figures. While a drop in the first three months of the year is normal, “it is impossible to ignore the fact that this slowdown has coincided with an uncertain time for the global economy,” said head of central London research James Roberts in the report.Foreign investors, particularly from China and Korea, have propped up the market, with the few UK funds involved in deals largely selling their properties. “The downbeat economic news and unrest in the Middle East has cast a shadow over sentiment,” the report said. “However, medium-term this will probably benefit the London investment market as we expect more sovereign wealth and oil economy interest.”While volumes are down, the agent has seen signs of a return to riskier properties in recent months, which can offer higher rental yields than prime office space. Prime rents in the City remain steady at £55 per square foot this quarter, meaning a 5.25 per cent yield for landlords. A lack of available space in the West End has squeezed rents up to £90 per square foot. Available space in central London continues to fall, though Knight Frank said tenant demand remains “unspectacular”?given the ongoing economic uncertainty. Tags: NULLlast_img read more

New Hampshire Lottery to consider 13 sports betting proposals

first_img Topics: Sports betting 24th September 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: US New Hampshire Sports betting New Hampshire Lottery to consider 13 sports betting proposalscenter_img Email Address The New Hampshire Lottery has received 13 proposals from potential vendors and retailers interested in offering sports betting in the US state.The Lottery issued a request for proposals (RFP) for operating sports wagering in New Hampshire on August 7, with responses were due by September 20.Although the Lottery said it will not release any further details about any of the proposals at this stage, given the confidential nature of the RFP process, it did state that it expects to approve final contracts by the end of November and aims to launch the regulated market early in 2020.It was previously stated that partners could be in place by January 1, 2020, with the market to launch by July 1 next year.Read the full story on iGB North America.Image: Hollis1138 Subscribe to the iGaming newsletter The New Hampshire Lottery has received 13 proposals from potential vendors and retailers interested in offering sports betting in the US state.last_img read more

Kenya Commercial Bank Limited (KCB.ke) Q12016 Interim Report

first_imgKenya Commercial Bank Limited (KCB.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2016 interim results for the first quarter.For more information about Kenya Commercial Bank Limited (KCB.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Kenya Commercial Bank Limited (KCB.ke) company page on AfricanFinancials.Document: Kenya Commercial Bank Limited (KCB.ke)  2016 interim results for the first quarter.Company ProfileKenya Commercial Bank Limited (KCB Bank) is a financial services institution in Kenya offering products and services to the commercial sector. The banking group offers a full-service offering for commercial and corporate clients and runs an Agency banking model. Its parent company, KCB Group, was founded as a branch of the National Bank of India in Mombasa. Grindlays Bank merged with the National Bank of India in 1958 to form the National & Grindlays Bank. The government of Kenya bought a 60% stake in National & Grindlays Bank and took full control of it in 1970; renaming it Kenya Commercial Group. It was renamed KCB Bank Kenya after a corporate restructure. KCB Bank Kenya is a wholly-owned subsidiary of the KCB Group. Its head office is in Nairobi, Kenya. Kenya Commercial Bank Limited is listed on the Nairobi Securities Exchangelast_img read more

Econet Wireless Zimbabwe Limited HY2018 Presentation

first_imgEconet Wireless Zimbabwe Limited (ECO.zw) listed on the Zimbabwe Stock Exchange under the Technology sector has released it’s 2018 presentation results for the half year.For more information about Econet Wireless Zimbabwe Limited (ECO.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Econet Wireless Zimbabwe Limited (ECO.zw) company page on AfricanFinancials.Document: Econet Wireless Zimbabwe Limited (ECO.zw)  2018 presentation results for the half year.Company ProfileEconet Wireless Zimbabwe is a diversified telecommunications group; it is the largest enterprise of its kind in Zimbabwe and the largest company on the Zimbabwe Stock Exchange in terms of market capitalisation. Econet Wireless Zimbabwe provides products and solutions for mobile and fixed wireless telephony, public payphones, internet access and payment solutions. In 2009, Econet Wireless Zimbabwe became the first operator in Zimbabwe to launch data services with 3G capability. This was followed by an extensive project to expand its geographic coverage; building a fibre-optic network, providing financial transaction switching and point-of-sale and value-added retail support services. The company is a subsidiary of a privately-owned group controlled by its founder, Strive Masiyiwa. The group’s subsidiaries include Econet Global, Econet Wireless Africa, Econet Wireless International, Econet Enterprises, Liquid Telecom Group and Econet Media.last_img read more

Omatek Ventures Plc (OMATEK.ng) Q12020 Interim Report

first_imgOmatek Ventures Plc (OMATEK.ng) listed on the Nigerian Stock Exchange under the Technology sector has released it’s 2020 interim results for the first quarter.For more information about Omatek Ventures Plc (OMATEK.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Omatek Ventures Plc (OMATEK.ng) company page on AfricanFinancials.Document: Omatek Ventures Plc (OMATEK.ng)  2020 interim results for the first quarter.Company ProfileOmatek Ventures Plc assembles and sells computer equipment and accessories in Nigeria and offers an after-sales support service. The company sells a range of servers, casings and LCD screens as well as computer accessories which includes CRT monitors, fingerprint scanner, wireless routers, notebooks and tablets, DVDs, plasma televisions, desktop computers, speakers and LED screens. Power products include UPS, solar panels and corn LED lights. Omatek Ventures Plc was the first company in Nigeria to establish a factory which assembled computer cases, speakers, keyboards and mouse accessories. The company’s head office is in Lagos, Nigeria. Omatek Ventures Plc is listed on the Nigerian Stock Exchangelast_img read more

3 FTSE 100 dividend shares still paying out that I’m buying

first_img3 FTSE 100 dividend shares still paying out that I’m buying Tom Rodgers | Monday, 20th April, 2020 | More on: BATS III LGEN Enter Your Email Address The coronavirus market crash means more than a third of FTSE 100 dividend shares have reversed course and cut payouts to shareholders. UK investors will lose out on more than £20bn in expected dividend payments as a result.But there are still some top quality FTSE 100 dividend shares bucking this trend.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The three I’ll cover today are 3i Group (LSE:III), Legal & General (LSE:LGEN) and British American Tobacco (LSE:BATS).These three shares are between 15% and 32% cheaper than at the start of 2020. But follow the charts and you’ll see each is in a general uptrend since the devastating lows of 19 March.Legal & GeneralShort sellers have tried to push down the LGEN price in recent weeks, but it keeps bouncing back. The share price dropped 10% in a week when doom-mongers placed big bets it would follow Lloyds, Barclays and RBS and cancel its 2020 full-year dividend.But the naysayers got their fingers badly burned when CEO Nigel Wilson confirmed he would pay a 12.64p final dividend. This £753m loyalty bonus confirms to me that the balance sheet is strong enough to see the company through this short-term weakness.I can hardly believe my luck that I can pick up Legal & General on a P/E ratio of 6, with a confirmed 8.5% dividend yield. Tens of thousands of private investors rely on their dividends for income. And younger investors might buy to reinvest dividends, using the magic of compounding to produce greater Stocks and Shares ISA wealth.3i GroupI’ve long been a fan of this FTSE 100 investment firm because of its geographical and sector diversity. And paying a 4.5% dividend is just the beginning. Managers Ben Loomes and Phil White have their finger on the pulse of quality investments and two in particular stand out recently.One is £214m for a large data centre provider and the other is £60m to create a bioprocessing platform to speed up commercial production of vaccines. The global lockdown has seen home internet and video usage skyrocket. Meanwhile biopharma companies now need to ramp up test and vaccine research and production, so these investments look like very good decisions indeed.In the last 12 months, the net asset value (NAV) has grown by 13%. And you can buy at a 15% discount to NAV right now. If you had bought at any other time in the last 12 months you would have paid an average 29% premium. So I see plenty of long-term upside just waiting for investors to cash in.British American TobaccoI covered British American Tobacco in March when broker Jeffries said buying this FTSE 100 dividend share was “practically stealing“. And my mind hasn’t changed.There’s no indication CEO Jack Bowles plans to cut the 7.1% yield. Analysts at Citi added in a recent research note that BATS would be able to pay off interest, debts and still maintain dividend payouts in 2020.Some investors might give BATS a swerve because of the ethics of investing in tobacco, as well as a lower share price compared to just a few years ago. But on a purely financial level based on the price today, it makes sense. I expect both share price appreciation and dividend growth going forward, simply because the company generates so much cash. At prices 15% cheaper than January I’m grabbing as much in my ISA as I can afford. “This Stock Could Be Like Buying Amazon in 1997” Tom Rodgers owns shares in Legal & General. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this.center_img Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images See all posts by Tom Rodgerslast_img read more

Iraq airstrikes not a solution, says Syrian priest

first_img Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Pittsburgh, PA Advocacy Peace & Justice, Squeezing ISIS’ source of funds is a better solution than airstrikes, the Rev. Nadim Nassar tells a gathering at St. John’s (Stone) Church. He also says”religious reconciliation” is necessary to rebuild trust in Syria and Iraq. Photo: Beatrice Paez[Anglican Journal] The U.S.-led airstrike campaign is hardly a plausible solution to quelling the encroaching and horrific reign of Islamic State militants in Syria and Iraq, says the Rev. Nadim Nassar, the lone Syrian Anglican minister and director of the London, England-based, Christian charity, Awareness Foundation.“It can’t be the solution because it only adds to the casualties and destruction to the region,” said Nassar, who spoke at a gathering Oct. 28 at St. John’s (Stone) Church in Saint John, New Brunswick, Canada. “The only solution is to dry out external resources that it relies on and all the veins that are feeding it.”Military response merely provides a distraction, he said, ­­ a “show that they are doing something” —while the situation worsens daily as more than a million dollars a day is pumped into the operations of the Islamic State (known as ISIS or ISIL), a radical group of insurgents in Iraq and Syria and an offshoot of the Islamist militant organization al-Qaeda.The alternative, said Nassar, is to pinpoint the source of its funding rather than to raise arms.“When Western countries decided to arm Syrian opposition, they gave a signal that we do not want the war to stop,” said Nassar, adding that ISIS is counting on the war to rage on and spread to other parts of the region.Nassar made a stop in Saint John as part of his visit to Canada, where he spoke about the hardships of imperiled religious minorities and the eroding bonds that once kept Christians and Muslims alike secure.Nassar, who grew up in Lattakia, Syria, spoke of a time when both Christians and Muslims celebrated festivals together, worked, lived, studied and fought side by side. He lived through the seven-year civil war in Lebanon, from 1981 to 1988, and said he has faced death many times.Today, he said, through its targeted persecution of Christians and other religious minorities, ISIS is determined to make it impossible for different sectarian groups to coexist peacefully.Pinned on Nassar’s lapel was a tiny letter “n” in Arabic (“n” for Nazarite), symbolic of the marked life led by today’s Christians living in Iraq or Syria—the Nazarite pin has been used by ISIS, and at times former neighbors, to single out Christian minorities living amongst Muslims and destroy their homes.“Some Muslims betrayed their neighbors and told ISIS where [their] Christian neighbors were,” he said. “Other Muslims protected them and hid them in their homes.”ISIS’ violent attacks have raised the visibility of Christian communities in the Middle East, but he said that people sometimes neglect to recognize that the region is the birthplace of the Christian faith — and not a Western export — as extremists, and at times the West, would like to perceive.And while the threat against Christians is mounting, he said it’s important that they not be seen as victims.“It’s so painful when people look at me and see only a poor victim…Suddenly, we’re visible, but we’re victims,” he said. “We do not see ourselves as victims; we see ourselves as part of the tragedy of the Middle East.”Nassar appealed to Canadians to put pressure on their government to come up with a political solution—one that involves religious reconciliation to rebuild trust—that deals with the war in Syria.For more than three years, the Syrian war has displaced over three million Syrians from their country, with about a third of those fleeing to neighboring Lebanon—making up almost a quarter of Lebanon’s population.A solution to the crisis in Syria, he said, is “rarely” spoken about, whether in the U.S., Canada or Europe, despite the fact that countries worldwide are not insulated from the consequences as ISIS solidifies its presence in the region.“Proof of this can be found in the many thousands of people leaving their work, schools, families and universities to fight with ISIS,” he said.He added that as long as ISIS’ destabilizing hold remains unchecked, “it will always export terror and bloodshed to the rest of the world.” He added, “We have the responsibility to create a counterforce that’s equal in power…”Nassar said he is hoping to mobilize Christians far and wide (with a trip to Hong Kong planned as well) to push for much-needed engagement and dialogue among Abrahamic faiths and political and religious leaders.— Beatrice Paez is a multimedia journalist whose reporting spans international development issues, politics and arts and culture.  Associate Priest for Pastoral Care New York, NY Assistant/Associate Rector Morristown, NJ Curate Diocese of Nebraska An Evening with Aliya Cycon Playing the Oud: Crossing continents and cultures with the most beautiful instrument you’ve never heard Lancaster, PA (and streaming online) July 3 Rector Martinsville, VA Comments are closed. Rector Hopkinsville, KY Priest Associate or Director of Adult Ministries Greenville, SC In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Submit a Job Listing Featured Jobs & Calls November 6, 2014 at 2:27 pm “When Western countries decided to arm the Syrian opposition” ? When did that happen? I assume he’s talking about the current bombing campaign in Iraq. This began only when ISIS (or Daesh) began its rampage against the Iraq government, religious minorities and the Kurds this year. We are in an emergency situation. I doubt that the Kurds or Yezidis, or Chaldean Christians would criticize the West for trying to stop ISIS by military force. I think that Nassar mis-judges ISIS and the nature of the crisis. They are getting their financing from ransoms and oil revenue. That is why the US and its allies are bombing the oil facilities that ISIS captured. The West has recognized that a political solution is necessary, by inclusion of the Sunnis in the Iraqi government, and have tried to effectuate one (but if the Shiites who dominate the Iraq government refuse to share power, the West has limited leverage). If Nassar is talking about the Syrian Civil War which started 3 years ago, the Syrian opposition has been funded by the Gulf states, not the West. Perhaps Nassar is unaware of much Pres. Obama has been criticized (by his political opponents in this country) for not supporting the Syrian opposition. Comments like “When the West decided to arm the Syrian opposition, they gave a signal that they do not want the war to stop” is less than helpful, and mis-characterizes the situation. I also note that he says nothing about Putin and the Russian Federation who have strongly supported Assad. Perhaps Nassar does not criticize Putin because he knows that his words would have no effect. Western audiences, in contrast, would be more susceptible to self-criticism because of our tradition of free speech, which permits public examination of current policies and admissions of past mistakes. While it’s Nassar’s job as a priest to try to find a peaceful solution to such a horrible situation, trying to make a only spiritual appeal to ISIS and blaming the West is not a practical or wise way to respond to the current crisis. Assistant/Associate Priest Scottsdale, AZ An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET 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 Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Rector Smithfield, NC Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Director of Music Morristown, NJ Rector Collierville, TN Curate (Associate & Priest-in-Charge) Traverse City, MI Tags New Berrigan Book With Episcopal Roots Cascade Books Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Rector Albany, NY By Beatrice PaezPosted Nov 4, 2014 The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Director of Administration & Finance Atlanta, GA Family Ministry Coordinator Baton Rouge, LA Rector and Chaplain Eugene, OR Middle East Submit a Press Release Associate Rector Columbus, GA Press Release Service Comments (1) Rector Belleville, IL This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector/Priest in Charge (PT) Lisbon, ME Priest-in-Charge Lebanon, OH Bishop Diocesan Springfield, IL Missioner for Disaster Resilience Sacramento, CA AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis William Russiello says: Rector Shreveport, LA Rector (FT or PT) Indian River, MI Featured Events Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET 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 Rector Tampa, FL Iraq airstrikes not a solution, says Syrian priest Rector Knoxville, TN Assistant/Associate Rector Washington, DC Canon for Family Ministry Jackson, MS Youth Minister Lorton, VA Associate Rector for Family Ministries Anchorage, AK Submit an Event Listing Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Cathedral Dean Boise, ID 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 Rector Washington, DC Course Director Jerusalem, Israel Anglican Communion, Rector Bath, NClast_img read more

Recovery Expected to Enter ‘Middle Innings’ in 2014

first_img Recovery Expected to Enter ‘Middle Innings’ in 2014 Related Articles Home / Daily Dose / Recovery Expected to Enter ‘Middle Innings’ in 2014 in Daily Dose, Featured, Headlines, Market Studies, News, REO, Story Crawl Tagged with: Home Prices Zillow While the housing market is still far from “normal,” it is inching that way, according to a report released Thursday from Zillow. Last year’s skyrocketing home price appreciation, frenzied demand from investors, and high tide of negative equity are all expected to subside somewhat this year, according to the real estate company.Nationally, home prices increased 6.4 percent year-over-year in the fourth quarter, but annual price gains are expected to fall to 4.8 percent by the end of this year.On a quarterly basis, prices rose 1.4 percent in the fourth quarter, according to Zillow.“Below the surface of last year’s market, a number of unsettling trends started to emerge as a result of rapid and ultimately unsustainable appreciation, setting up a bit of a mixed bag for 2014,” said Stan Humphries, chief economist at Zillow. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home Prices Zillow 2014-01-24 Krista Franks Brock Subscribe Demand Propels Home Prices Upward 2 days ago About Author: Krista Franks Brock Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago January 24, 2014 732 Views Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: DS News Webcast: Friday 1/24/2014 Next: Decline in Foreclosures Outpaces Decline in Loan Modifications However, some of the markets that posted the highest price gains last year are already slowing, which according to Zillow, is “a welcome sign in markets that risk crossing over into bubble territory as rising mortgage interest rates create affordability issues for homebuyers.”Markets such as those in California and the Southwest that experienced rapid appreciation this year may stall this year due to affordability issues, leading to “volatility that could potentially cause whiplash for homebuyers and sellers,” according to Zillow.Nationally, price appreciation is already tapering off, according to Zillow. After reaching a high of a 7.1 percent annual price gain in August, price gains remained below 7 percent for the entire fourth quarter.However, local markets will vary widely this year with a 16.1 percent anticipated gain in Riverside, California, and a 0.4 percent gain anticipated in Kansas City, according to Zillow.All but three of the nation’s 35 largest metros experienced price growth in 2013, and all but one are expected to experience price gains again this year, according to Zillow.After posting a 3.8 percent decline last year, St. Louis, Missouri, is the only metro expected to experience falling prices this year with an anticipated 3.1 percent decline.In two of the 35 markets Zillow tracks—Denver and Pittsburgh—home prices surpassed the peaks they reached before the housing downturn.While home prices rose 1.4 percent in the fourth quarter to $169,000, rents rose 0.7 percent to $1,302.  Print This Post Share Save The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. last_img read more