​AP4 hails financial benefit of tobacco divestment

first_imgNiklas Ekvall, chief executive, AP4Ekvall’s comments were part of an announcement from the fund that it was joining the United Nations Tobacco-Free Finance Initiative, which aims to highlight financial institutions that have decided not to invest in tobacco companies and encourage others to do the same.“By participating in this initiative, we hope to prove to others that it is profitable to integrate sustainability aspects into investments,” Ekvall said.He said risks existed that were not judged to be properly priced today, and that the shares of tobacco firms were considered to be overvalued.“Over time, tobacco companies are therefore likely to develop worse than the index,” Ekvall said.Other institutions, including France’s FRR and the Church of England, have also signed up to the Tobacco-Free Finance Initiative.In 2016, the US’ biggest pension fund CalPERS extended its tobacco company ban despite evidence that it had missed out on as much as $3bn in returns over 15 years. “Tobacco stocks have thus underperformed by 40% since June 2016,” he said.Fransson acknowledged that, from a longer-term perspective, tobacco stocks had significantly outperformed the global equity index.“But we view the environment as much more challenging for the tobacco companies in the future,” he said. Sweden’s AP4 – one of the country’s four main national pensions buffer funds – has said deciding not to invest in tobacco companies has boosted its financial results.The SEK367bn (€35.7bn) pension fund said it took the business decision not to invest in tobacco companies in 2016, because it assessed that rising long-term risks would adversely affect the tobacco companies’ valuations in the future.Niklas Ekvall, AP4’s chief executive, said: “Our business decision not to own tobacco companies has so far contributed positively to the result.”Tobias Fransson, head of strategy and sustainability at the fund, told IPE that since AP4 sold tobacco stocks in June 2016 from its global equity portfolio – which is benchmarked against the MSCI World index – the sector had fallen by 6% while the index as a whole had increased by 34%.last_img read more

Area Basketball Scores

first_imgWRBI Area High School Basketball Scores.Boys Basketball Scores   (1-31)Batesville  77     North Decatur  50Lawrenceburg  59     South Ripley  55   (OT)Columbus East  70     East Central  42Greensburg  83     Franklin County  39Oldenburg Academy  57     Jac-Cen-Del  48Hauser  87     South Decatur  71Rushville  54     South Dearborn  40Rising Sun  60     Shawe Memorial  44Switzerland County  69     New Washington  43Connersville  49     Mount Vernon  37Waldron  55     Southwestern Shelby  40Morristown  66     Edinburgh  40Indian Creek  63     Monrovia  49Girls Basketball Scores   (1-31)Oldenburg Academy  42     Greensburg  35Centerville  56     Union County  43last_img

Premier League: No positives from latest round of testing

first_imgThere were no positive results for coronavirus from 1,195 tests in the latest round of Premier League testing. Premier League: No positives from latest round of testing.Advertisement FacebookTwitterWhatsAppEmail分享 One person tested positive in the previous round, and 13 in total from 6,274 tests since they began.The Premier League – suspended since 13 March – is set to resume behind closed doors on 17 June when Aston Villa host Sheffield United at 18:00 BST.Manchester City entertain Arsenal at 20:15.Read Also: Messi, Suarez hand Barcelona fitness boostLiverpool are 25 points clear at the top of the table, while Bournemouth, Aston Villa and Norwich City are in the relegation zone.There are 92 games remaining this season. The sixth round of twice-weekly screening of players and club staff took place on 4 and 5 June.center_img Loading… Promoted ContentThe 10 Best Secondary Education Systems In The WorldBest & Worst Celebrity Endorsed Games Ever MadeA Guy Turns Gray Walls And Simple Bricks Into Works Of ArtCan Playing Too Many Video Games Hurt Your Body?Who Earns More Than Ronaldo?Couples Who Celebrated Their Union In A Unique, Unforgettable WaySuperhero Castings That People Hated But Were AmazingThe Highest Paid Football Players In The WorldTop 7 Best Car Manufacturers Of All TimeIs This The Most Delicious Food In The World?Who Earns More Than Ronaldo?90s Stunners Who Still Look Gorgeouslast_img read more

Karl Companies have new IMCA title sponsorship roles for Northern SportMods, engine auction

first_imgModified, Northern SportMod and Hobby Stock champions who win championships at the IMCA Speedway Motors Super Nationals fueled by Casey’s with crate motors will receive a new GM 604 or 602 crate engine.  Karl Kustoms, the Des Moines high performance parts manufacturer and distributor, in a rebranding move becomes title sponsor of IMCA’s Northern SportMod division, providing a portion of the $9,500 point fund to be paid to top 10 drivers in final national standings for the class.  “We are also excited about the new spin on the engine auction at Super Nationals,” Yoder said, “and presenting that through the support of Karl Kustoms will be an excellent opportunity to highlight the new crate engines three of the main event winners will receive for their respective championships.”   “With the restructuring complete at the Karl Companies, Karl Kustoms will be the new brand affiliated with the IMCA Northern SportMod division,” stated IMCA Marketing Director Kevin Yoder. “The new designation is represented not only in the name, but also through the decals drivers are now receiving in their drivers packets.”  And Karl Chevrolet, the new and pre-owned automotive dealership located in Ankeny, remains a designated crate engine supplier. Those engines will be awarded on stage during the Karl Kustoms engine auction that follows Saturday night main events at Boone Speedway.center_img DES MOINES, Iowa – The Karl Companies complement a familiar program of IMCA awards with a first-of-its kind title sponsorship at the biggest event in all of dirt track racing. Fifty dollar Karl Kustoms gift cards will be awarded to top five finishers in national Northern SportMod, Smiley’s Racing Products Southern SportMod, IMCA Sunoco Hobby Stock and Mach-1 Sport Compact point standings.  More information is available at www.karlkustoms.com. All drivers in those divisions are required to display two Karl decals to be eligible for post-season point shares, to be presented during the national awards banquet in November or mailed beginning the following week from the IMCA home office.last_img read more

Mourinho wants competition in squad

first_img The Blues completed a three-match tour of Asia with an 8-1 win over BNI Indonesia All-Stars in Jakarta and Romelu Lukaku scored twice to take his tour tally to four. Mourinho is happy with his squad and his sole remaining transfer target is Manchester United striker Wayne Rooney – a bid was rejected last week – in a move which would cast doubt on Torres’ future. Chelsea manager Jose Mourinho has told Fernando Torres and the rest of his squad to see the competition for places as a challenge. Andre Schurrle missed Thursday night’s game with a knock and Kevin de Bruyne returned to London following last Sunday’s Malaysia match due to a knee problem, but both will train with the squad next week, too. Mourinho said: “There is nothing big. They should all be training with the team plus the six guys who will arrive.” Captain John Terry struggled for full fitness for periods of last season, but started all three games in Asia. Mourinho added: “He played well and trained very well and never missed one minute of any training session. “That is very important because he is a very important player for us. I am very happy with him.” The World Cup-winning Spain forward missed the Asia tour after being granted a break following the Confederations Cup, but along with Juan Mata, Cesar Azpilicueta, John Obi Mikel, David Luiz and Oscar, will join up with the Chelsea squad on Monday ahead of four matches in the United States as preparations for the new season continue in earnest. “I think Fernando should be happy because we have competition in the team and I think that is good for everybody in every position,” Mourinho said. “Fernando I think will be pleased because during his time at Chelsea he was basically the only striker and then after that there was the arrival of (Demba) Ba in January. “Now the team has three strikers and I think that is good.” A fourth could follow if a deal can be agreed for Rooney, but there have been no developments, Mourinho said. The Portuguese added: “At this moment we have made what you know; that bid which was public and official and after that nothing else. “But we are calm as we told you that we are calm because we are happy with what we have.” Midfielder Frank Lampard will resume training next week, having toured Asia without kicking a ball against hostile opposition due to an Achilles problem. Press Associationlast_img read more

Rodwell on road to recovery

first_img Press Association The 22-year-old has been plagued by injuries over the past few seasons, that have become particularly troublesome since his £12million move from Everton to Manchester City at the start of last season. Rodwell has been restricted to just 16 appearances for City, and only one this term, against Stoke in the Barclays Premier League on September 14. Jack Rodwell is ready to hit the comeback trail once more.center_img He was immediately ruled out after that by a hamstring problem. However, Rodwell now reports he is feeling good again. And whilst he is obviously short of match practice, the England midfielder is available when City resume their quest for silverware on the domestic and continental fronts immediately after the international break. “I’m fit and I am back training,” Rodwell told the Manchester Evening News. “Basically I am fit for the next game. I won’t be match-fit but I am fit for selection.” Whether coach Manuel Pellegrini will be happy to stick Rodwell in for the trip to West Ham on October 19 is open to question. Immediately after that City visit CSKA Moscow in the Champions League, whilst later in the month they take on Newcastle at St James’ Park in the fourth round of the Capital One Cup. last_img read more

Hamilton goalkeeper Michael McGovern facing big decision over his future

first_img However, the 31-year-old – who still believes he has another four years at his peak – is set to claim the Northern Ireland number one jersey when Michael O’Neill’s side head to next summer’s European Championships. That will give him plenty of scope to prove his talents on the biggest stage and McGovern is happy to wait and see what comes about. He said: “I’ve managed to put the speculation to bed very easily. I doesn’t bother me. I’m really happy with how I’m doing at Hamilton. If there’s interest from elsewhere, well that’s nice but it’s not something that really affects me. “I suppose it’s a compliment, though. If I wasn’t doing well there wouldn’t be interest but I just want to keep doing well for Hamilton. “Everything is going well here and I’m loving it here. I’m not really keen to leave. “Coming and playing regularly in the Premiership has been a massive thing for me. It’s enabled me to get involved with the international set-up. “Goalkeepers are usually at their peak between 30 and 35 and I’m in the middle of that now. That’s why the decision on whether I stay here or move on next season is a big one. “But there won’t be much interest if I don’t keep playing well for Hamilton. I will give myself time before settling on what I’m going to do with my future. Michael McGovern insists he is in no hurry to quit Hamilton – but the keeper admits he faces a big decision as he prepares to put himself in the Euro 2016 shop window. Press Association “I think I’m hitting my peak years while I’m also going to the Euros in the summer too. I’m in a good position so I want to take my time and assess things.” McGovern has turned down moves to bigger clubs in the past because he feared he would be left stuck on the bench. But he is hopeful the kind of performances which helped take Northern Ireland to their first major tournament in 30 years will show he is good enough to play at the top. “Every time I play for Northern Ireland I see it as a wonderful opportunity,” he said. “It’s a chance to test yourself against players who play at a higher level than I do week in week out at Hamilton. “When we qualified against Greece, seven of their starting XI had played in the Champions League the week before. So for me to get the chance to play against players like that is wonderful. “I wouldn’t be scared of playing at a higher level but I just want to keep playing, no matter where I am.” The former Celtic, Ross County and Falkirk stopper is out of contract at the end of the season. He has already been linked with a move to Hibernian but insists he is enjoying his spell with Accies. last_img read more

SFF Confirms Seychelles, Nigeria Clash for Saturday

first_imgThe Seychelles Football Federation (SFF) has confirmed that the 2019 Africa Cup of Nations (AFCON) qualifying series Match-day 2 encounter between the Super Eagles and the Seychelles national team, known as Pirates, will take place on Saturday, 8th September, as against the widely circulated date of Friday, 7th September.The Chief Executive Officer/General Secretary of the SFF, Georges Bibi, in a mail to NFF’s Director of Competitions, Mr. Ayobola Oyeyode, also disclosed that the match will be played at the Stade Linite on the Mahe Island (home to the capital city, Victoria), starting from 4.30pm Seychelles time (1.30pm Nigeria time).Seychelles is an archipelago of 115 islands on the western Indian Ocean, off East Africa, and is home to about 100,000 people. Next week’s clash is crucial to both the Eagles and the Pirates, both teams having lost their opening games in the series.The Eagles lost 0-2 to South Africa in Uyo on June 10, 2017.A day earlier, the Pirates were poleaxed 5-1 by Libya’s Mediterranean Knights at the Stade Chedly Zouiten in Tunisia’s capital.Presently, Libya’s Knights top the Group E, followed by South Africa’s Bafana Bafana, with the Eagles in third place and the Pirates bottom.At its meeting inside the NFF Secretariat, Abuja on Monday, the NFF Executive Committee resolved, among other decisions, that “for ease of logistics and in consideration of convenience… the players (as well as team officials not based in Nigeria) fly direct into Seychelles from their bases in Europe while Ikechukwu Ezenwa, the only player from the domestic Nigerian league and Nigeria-based coaching personnel are to fly from Nigeria aboard commercial aircraft.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Sala’s Pilot, Ibbotson, Not Qualified to Fly at Night

first_imgRegulatory authorities have confirmed that Mr Ibbotson, from Crowle, North Lincolnshire, did not hold a “night rating” on his UK private pilot’s licence, the BBC understands.His UK licence was mirrored by a US pilot’s licence – enabling him to fly the US-registered Piper Malibu in Europe.The public record of his Federal Aviation Administration (FAA) licence states Mr Ibbotson “must have available glasses for near vision” and that “all limitations and restrictions on the United Kingdom pilot licence apply”.There is no publicly available record of UK pilot licences, which are held by the CAA.RESULTS & FIXTURESFulham 0 – 2 Man CityBrighton 0 – 1 SouthamptonBurnley 2 – 0 WolvesCrystal Palace 2 – 0 HuddersfieldLeicester 2 – 0 BournemouthMan United 2 – 1 WatfordWest Ham 0 – 2 EvertonCardiff City v Chelsea 2:05pmLiverpool v Tottenham 4:30pmShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The pilot of the plane which crashed into the English Channel with Emiliano Sala on board, was not qualified to fly at night, BBC Wales understands. David Ibbotson is thought to have been colour-blind, and his licence restricted him to flying in daytime hours only.Footballer Sala, 28, died when the plane carrying him from Nantes to Cardiff crashed late on 21 January. The UK Civil Aviation Authority (CAA) said it could not comment.The Air Accidents Investigation Branch (AAIB) said licensing “continues to be a focus” of its investigations.last_img read more

USC student now helping woman return home

first_imgOn March 18, after 25 years in prison for crimes she says she did not commit, Rosie Sanchez walked free for a moment. But as soon as she walked out of the prison doors, she walked immediately into a United States Immigration and Customs vehicle that drove her to the Mexican border.New life · After serving 25 years in prison, Rosie Sanchez has been released thanks to the work of a student at USC’s Gould School of Law. – Photo courtesy of Jennifer Farrell “To have it happen that quickly is just unheard of,” said Jennifer Farrell, a second-year law student at the USC Gould School of Law who has been working on Sanchez’s case as part of the Post-Conviction Justice Project. “That’s why it was such a shock that she was deported the day she was released from prison.”On Dec. 8, 1985, Sanchez, who was then a shop owner in the garment district, was arrested for murder when a rival shop burned down, killing a man who was sleeping inside. Sanchez has insisted she was innocent since the day of her arrest.Sanchez’s case was brought to the attention of the Post-Conviction Justice Program last year, and Farrell spent several months fighting to prove Sanchez’s innocence. She was eventually pardoned by Gov. Arnold Schwarzenegger on March 18.After receiving her pardon, Sanchez was released March 18. But because authorities said she was never a legal citizen, she was immediately deported.In the late 1970s, Sanchez applied to an amnesty program, according to Farrell. She completed an application, submitted it to the Department of Motor Vehicles and received a license. Sanchez paid taxes and possessed a business license for her store in Downtown Los Angeles.“She thought she was here legally,” Farrell said.In 1991, after her conviction, Sanchez applied to transfer to a prison in Mexico, but received a letter stating that because Sanchez was a legal citizen in the United States, she could not transfer to a prison in Mexico.In October, when Farrell represented Sanchez at her parole hearing, she presented parole plans that Sanchez would voluntarily deport and live with her sister in Mexicali, Mexico.“Part of the reason we did that is because that would be a better legal argument for when the board considered her for parole,” Farrell said.She added that because Sanchez was innocent and not a danger to society, they did not expect Sanchez to be deported.“Everyone had gotten their hopes up that it was going to work out,” Farrell said.In March, when Sanchez’s parole was upheld by the governor, the prison said Sanchez could temporarily stay with her daughter in Los Angeles after her release the following week.Initially Immigration and Customs Enforcement said Sanchez would be detained in Los Angeles for two weeks and then face an immigration committee that would re-evaluate her case.But a few days before Sanchez’s release, ICE called and said she would be deported immediately.“ICE says she’s always been illegal and has been here illegally,” Farrell said.Farrell is now working with Sanchez to help her return to the United States.“We’re trying everything we can,” Farrell said. “I will be on the case through the end of the semester, but the clinic will definitely stay with the case as long as there’s something we can do for it,” Farrell said.Farrell is talking to immigration lawyers at the law school and looking into Sanchez’s legal status as a citizen of the United States. ICE has not yet returned any phone calls, Farrell said.Ultimately, Sanchez would like to come back to Los Angeles and spend time with her four children, who have all settled in the area.“She wants to be able to live with her kids,” Farrell said. “Right now, she’s completely banned from the United States … We really don’t think it’s fair what happened.”Sanchez is currently celebrating her release with friends and family in her hometown of Mexicali. Sanchez and her children were not available for comment.“She’s happy to be there, [but] it could be better,” Farrell said. “It’s still overall a victory, but with an asterisk.”last_img read more