Rio Tinto plans to expand its diamond mine

first_img Tags: NULL Share LONDON-listed miner Rio Tinto announced plans to expand its Argyle diamond mine in Western Australia yesterday, the latest step in its plan to spend about $13bn (£8.4bn) through the end of 2011 to boost growth.Rio Tinto said it plans to invest $803m to develop an underground mine under the existing open pit, ramping up production from 2011 to reach 9m tonnes of diamond-bearing ore a year within two years.The project, put on hold in 2009 due to the global financial crisis, will expand the life of the world’s largest mine for pink diamonds to at least 2019 as the company looks to capture burgeoning demand.“A significant supply gap is expected to emerge in the medium to long term and the outlook for demand is strong, driven by the growth of emerging markets,” Rio Tinto diamonds and minerals chief executive Harry Kenyon-Slaney said in a statement.The Argyle investment follows Rio Tinto ‘s approval in August of a $1.6bn expansion at its Hope Downs iron ore project in Western Australia, with the company back on a growth path after slashing a crippling $40bn debt pile.Diamonds contributed $75m to Rio Tinto’s group earnings at its latest interim results. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo! JustPerfact USAUndoMaternity WeekThis Was Found Hiding In An Oil Painting – Take A Closer LookMaternity WeekUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo KCS-content Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Tuesday 14 September 2010 8:46 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com whatsapp Rio Tinto plans to expand its diamond mine whatsapp Show Comments ▼last_img read more

German snow dampens GDP for Eurozone

first_img Share whatsapp GROWTH in the Eurozone was more sluggish than expected in the final three months of last year, reaching just 0.3 per cent, official data showed yesterday.The euro fell in early trading, dropping close to $1.346 (£0.84), as Germany reported fourth quarter growth of 0.4 per cent, below expectations. However, the currency recovered against the dollar as the day progressed.Germany’s disappointing result was blamed partly on adverse weather conditions, mirroring the situation in the UK from earlier in the month, where snow was blamed for an estimated half percentage point drop in GDP at the end of 2010.“There is really only one important reason why growth slowed: the winter weather,” commented Andreas Rees, an economist at Unicredit. “There is no reason for concern. This is not the beginning of the end of the recovery, just a pause.”German confidence for the near future remains strong, according to the Zew index, released yesterday. A positive balance of 15.7 per cent of surveyed investors expect conditions to improve over the coming six months.And the Zew’s measure of current conditions rose above expectations to 85.2 from 82.8, hitting its highest level since July 2007. The French economy expanded by 0.3 per cent over the same period – half the rate expected by economists.Strong exporting economies led the way for the Eurozone, with growth of 0.6 per cent in Austria and Holland. However, Mediterranean and peripheral economies continue to drag on the 17 country area. Spain (0.2 per cent) and Italy (0.06 per cent) recorded weak growth, while the economy contracted in troubled Portugal (-0.3 per cent) and Greece (-1.4 per cent). whatsapp German snow dampens GDP for Eurozone KCS-content Tuesday 15 February 2011 8:02 pm Show Comments ▼ Tags: NULL More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comlast_img read more

Letshego Holdings Limited (LETSHE.bw) 2010 Annual Report

first_imgLetshego Holdings Limited (LETSHE.bw) listed on the Botswana Stock Exchange under the Investment sector has released it’s 2010 annual report.For more information about Letshego Holdings Limited (LETSHE.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Letshego Holdings Limited (LETSHE.bw) company page on AfricanFinancials.Document: Letshego Holdings Limited (LETSHE.bw)  2010 annual report.Company ProfileLetshego Financial Services Botswana is regulated financial services institution that offers products and solutions for the low- to middle-income sector in Botswana. The company was established in 1998 as Micro Provident Botswana Limited but now operates as a member of the Letshego Group. Letshego Financial Services Botswana is primarily focused on providing financial solutions to individuals who are formally employed by the government of Botswana, parastatals and the private sector. A subsidiary division offers microfinance and savings solutions to individuals generating income in the informal sector. Letshego Financial Services Botswana is able to cater to both sectors by providing simple, appropriate and accessible solutions that are competitively priced. The company was able to diversify its offering through the acquisition of Micro Africa Limited in East Africa, allowing it to provide loans to micro and small enterprises, collective groups and low- to middle-class earners. The company has a presence in 11 countries across southern, east and west Africa; Botswana, Ghana, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda, Swaziland, Tanzania and Uganda.last_img read more

2 dividend stocks I’d buy now as the ISA deadline looms

first_img tezcang has no position in any of the shares mentioned. The Motley Fool UK has recommended Lloyds Banking Group. 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. Enter Your Email Address 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. Simply click below to discover how you can take advantage of this. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images 2 dividend stocks I’d buy now as the ISA deadline loomscenter_img On March 12, the FTSE 100 index suffered its worst day since Black Monday in 1987. As it plunged 11%, there was little retail investors could do. Even the dividend darlings of many portfolios suffered badly.But there is a silver lining to this market sell-off. As share prices decline, stocks boast higher dividends on a percentage basis.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…Dividend stocks and the ISA deadline Now is the time to start getting your shopping list ready. After all, if you liked a company for robust fundamental reasons and dividends in February, you should really like it even more when its share price is on sale now, especially if you buy it via an ISA that has tax advantages.First a quick reminder that as our tax year runs from 6 April to 5 April, the deadline for individuals to contribute to the previous year’s ISA is April 5. When markets react negatively this fast, it’s impossible to stop your portfolio and ISA value falling completely. And that is understandably unnerving both emotionally and financially. But holding your nerve will pay off in the long term.You have until April 5 to use your £20,000 ISA allowance for this tax year. So here are two companies to consider when you decide what to buy for your Stocks and Shares ISA.Legal & GeneralI like the favourable metrics offered by Legal & General (LSE: LGEN). As I write, year-to-date (YTD) the insurance and investment giant is down about 30%. The stock is now hovering around 185p and offering a dividend yield of 9.9%. In early March, it increased the dividend by 7% – its 10th consecutive increase. And the shares are going ex-dividend on 23 April.The group has recently reported robust full-year results. It achieved a 12% rise in year-on-year operating profit which hit £2.1bn. Earnings per share climbed 16%. And the biggest increase to underlying earnings came from the institutional retirement division. Management is increasingly focusing on asset management and providing retirement solutions. LGEN is both profitable and cash generative.With a forward P/E of about 5.4 and P/B ratio of 1.2, I regard it as one of the best UK stocks for passive income.Lloyds Banking GroupShares of Lloyds Banking Group (LSE: LLOY) are trading around 37p each and are down about 33% YTD. The forward P/E and P/B stand at 6.2 and 0.6 respectively.Lloyds shares have a dividend yield of 9.1%, which easily beats the long-term FTSE 100 average of 4.5%. From 2020 onward, the banking giant will pay dividends quarterly. Thus following the ex-dividend date expected on 16 April for the final annual dividend payment, the shares will once again go ex-dividend on 21 May for the first quarterly one. Afterwards, the next ex-dividend date is expected on 20 August.Many of our readers will remember how far bank has come since the dark days of the 2008/09 financial crisis. Profits have risen and it has the largest UK presence of its high street peers.Analysts are not fully sure as to the coronavirus’s economic effects. However, as Citigroup CEO Michael Corbat recently stated, this is not a turmoil stemming from the financial sector.There will still likely be volatility in the LLOY share price. Yet I believe management will take steps to keep the bank competitive amid the current uncertainty. And the stock will offer value for shareholders in the months ahead. Tezcan Gecgil, PhD | Saturday, 14th March, 2020 | More on: LGEN LLOY “This Stock Could Be Like Buying Amazon in 1997” 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. See all posts by Tezcan Gecgil, PhD Our 6 ‘Best Buys Now’ Shareslast_img read more

Interfaith community comes together for ‘silent nights’ in Chicago

first_imgInterfaith community comes together for ‘silent nights’ in Chicago City plagued by gun-related violence Craig Knapp says: AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Comments are closed. Press Release Service New Berrigan Book With Episcopal Roots Cascade Books Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Rector Shreveport, LA Gun Violence Youth Minister Lorton, VA December 18, 2012 at 3:33 pm I support law-abiding citizens right to bear arms…for personal protection, for hunting, for target shooting. I own guns. With equal enthusiasm I support the effort of the church and my neighbors to end senseless gun violence. No hunter…no sportsman…no homeowner protecting his family and his possessions needs a weapon that fires 30 rounds in a matter of seconds. God have mercy on us all, and guide our citizens, our Governor, and our elected officials to collaborate effectively in the creation of sensible gun laws…and may Illinois lead the nation by example. This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Hopkinsville, KY Featured Events Kenneth A. Stiff says: Priest-in-Charge Lebanon, OH Rector Albany, NY Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector and Chaplain Eugene, OR Submit a Job Listing 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 Assistant/Associate Priest Scottsdale, AZ Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Tampa, FL An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Curate Diocese of Nebraska Canon for Family Ministry Jackson, MS Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Rector Martinsville, VA Featured Jobs & Calls By Mario VillafuertePosted Dec 18, 2012 December 19, 2012 at 9:00 pm You are setting an example. One of the nations largest city with the strictest gunlaws in the nation.still can not get guns of the street by making them illegal, no more than making whiskey illegal ( which chicago also led in illegality) got whiskey ff the streets, or making maijauna and other recreational drugs illegal got them off the streets. So lead on Chicago, you are the most corrupt city in America.Craig, Monroeville, Alabama Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Rector Collierville, TN Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Family Ministry Coordinator Baton Rouge, LA center_img Ecumenical & Interreligious, Rector (FT or PT) Indian River, MI Associate Priest for Pastoral Care New York, NY Rector Bath, NC Priest Associate or Director of Adult Ministries Greenville, SC Director of Music Morristown, NJ The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Submit an Event Listing Rector Belleville, IL Rector Smithfield, NC Cathedral Dean Boise, ID Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Chicago Bishop Jeffrey Lee was among 300 people gathered Dec. 17 at First Baptist Congregational Church in Chicago for “Silent Nights,” an interfaith service aimed at curbing gun-related violence. Photo/Connie Wilson[Episcopal News Service] Three hundred people gathered at First Baptist Congregational Church on Chicago’s west side Dec. 17 to pray for silent nights unbroken by gunfire in a city that has in recent years seen an increase in gun-related violence disproportionately affecting youth.Organized by CROSSwalk, the interfaith “Silent Nights” vigil and service blended readings and songs with meditations on themes of peace. Following the service, participants processed to the steps of the church to sing the hymn “Silent Night” and to receive candles to take to the members of their faith communities.CROSSwalk began earlier this year as a 1,500-person Holy Week procession to remember some 635 young people who have been murdered in Chicago since 2008. So far this year more than 150 children and youth have been killed by gun violence in Chicago, with total gun-related deaths at more than 500.“It [CROSSwalk] has grown into a point of connection for anguished communities and a new force for youth programming and funding,” said Chicago Bishop Jeffrey Lee, in a press release.A strong supporter, the Episcopal Diocese of Chicago is one of 50 partners working with CROSSwalk to engage people of faith in addressing the violence against young people.On Dec. 12, two days before a gunman killed 26 people, including 20 children, in Newtown, Connecticut, Lee spoke against a U.S. Seventh Circuit Court of Appeals’ decision to overturn the Illinois ban on carrying concealed weapons.“The voices of lobbyists and lawyers threaten to drown out the cries of the children and youth who will bear the brunt of any new law that allows more guns on our streets. We have already lost too many of those children, like 7-year-old Heaven Sutton, who was gunned down at her mother’s candy stand, and 13-year-old Tuyquan Tyler, who bled to death in his mother’s arms,” said Lee.“The Christian tradition teaches us that violence only breeds more violence and that the only certain antidote to it is the hard and steadfast work of building a just society. As leaders, we will be called upon to answer first for how we protected the most vulnerable people entrusted to our care. We already share the blame of being unable to shield far too many of our young people from violent deaths. Any conceal-carry law that results in more children being gunned down on our streets will only compound our devastating failure.”The Dec. 14 massacre at Sandy Hook Elementary School in Newtown refocused the national debate on gun control. In the Diocese of Chicago, the debate has been ongoing since 2011.“The diocese couldn’t be silent anymore about what we’ve been seeing. We had a horrible year with violence, particularly this summer,” said the Rev. Jennifer Baskerville-Burrows, the diocese’s director of networking, in a telephone interview in early December.Now that Lee has claimed gun violence as a core issue, “there’s a channeling of efforts and resources addressing the recent violence,” Burrows added.Three hundred people gathered Dec.17 at First Baptist Congregational Church in Chicago for “Silent Nights,” an interfaith service aimed at curbing gun-related violence. Photo/Connie Wilson“Silent Nights” was part of a larger effort to stop gun violence. On Nov. 11, the diocese organized a moment of prayer and reflection,“Silence the Guns,” to coincide with Armistice Day.The diocese intended that the two-minute silence that has been observed for almost a century on the 11th hour of the 11th day of the 11th month since the Allied forces and Germany signed the armistice in 1918 would resonate louder than gun fire.With roots in the Episcopal Church, CROSSwalk has become the catalyst for forging new and stronger relationships with other faith communities to battle the violence.The driving force behind “Crosswalk” is its director, Jacqueline “Jack” Clark, 28, a Chicago native and former seminarian at All Saints Church.“A lot of the events we’re having are about community building,” said Clark, in a telephone interview.CROSSwalk and its community and faith-based partners are working to create programs that give children and teens alternatives to an environment of gangs and crime.“Having formed relations with those mothers who have lost children, and with people in communities who are struggling under all the weight of this loss, grief and trauma, I don’t feel like I can walk away from it,” said Clark.Not all the gun violence is gang-related; domestic abuse, poverty and drug crime contribute to the escalation of violence,” said Clark.“Someone may have a beef with someone, and with the availability of guns the first reaction is sometimes to shoot, and a lot of innocent folks are caught in the crossfire,” she said.During an interfaith summit in August, called “Stop the Violence,” also held at First Baptist Congregational Church, civil, police and faith leaders discussed what legislative and faith actions could reduce the violence.During the gathering, Chicago Police Superintendent Garry McCarthy said said that in Lawndale, one of the west side neighborhoods most affected by violence, the murder rate is three times the citywide rate. Young people are not only the victims of violence, but also the perpetrators, with a small number of young people causing the violence.Built on a legacy of Episcopal social activism that exists in Chicago, the diocese is creating new coalitions between secular and faith groups to strengthen a movement to disarm violence, said Catherine Thomson, chair of the Peace and Justice Committee.“I don’t think any one of us can achieve it [ending violence] by ourselves.  It’s all well and good to light candles and have vigils and pray, that’s an element of the process, but people want to be called to action,” said Thomson.— Mario Villafuerte is a Shreveport, Louisiana-based freelance journalist and a member of St. Mark’s Episcopal Cathedral. Lynette Wilson, editor/reporter for the Episcopal News Service, contributed to this report.  Rector Pittsburgh, PA Advocacy Peace & Justice, Submit a Press Release Assistant/Associate Rector Morristown, NJ Director of Administration & Finance Atlanta, GA 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 Missioner for Disaster Resilience Sacramento, CA Rector/Priest in Charge (PT) Lisbon, ME Curate (Associate & Priest-in-Charge) Traverse City, MI An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Rector Knoxville, TN Course Director Jerusalem, Israel 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 Bishop Diocesan Springfield, IL Associate Rector Columbus, GA Comments (2) Associate Rector for Family Ministries Anchorage, AK Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Tags Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Washington, DC Assistant/Associate Rector Washington, DClast_img read more

Charities launch socially responsible pension funds

Howard Lake | 8 January 2001 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Other charities are expected to join the scheme. Read “Charities pull funds out of arms firms” by John Ezard at SocietyGuardian.  15 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Oxfam and Christian Aid have announced that they are transferring their pension funds out of arms, nuclear and tobacco firm investments.Oxfam and Christian Aid have announced that they are transferring their pension funds out of arms, nuclear and tobacco firm investments.The joint fund will be worth £53m and is intended to reflect the charities’ ethical concerns whilst adhering to legal requirements regarding maximisation of financial return. Advertisement Charities launch socially responsible pension funds AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis read more

CFDG proposes improvements to charity annual reports

first_imgThese include:That consideration should be given to include a value for volunteer time in the SOFA.Management and administration costs should be called ‘governance’ costs or similar, with the term defined to make it clear what sort of costs should be included, and sufficient detail provided to explain all cost allocations. Allocation policies relating to fundraising activity, themselves based on clearer definitions as to what constitutes fundraised income, should be determined in advance of the year-end and be approved by the trustees before they are applied. CFDG is now asking its members and other interested parties what they think of the proposals, and whether they will lead to more meaningful financial ratios. It is also anticipated that the Report will contribute to the next annual SORP review. CFDG Vice Chairman, Les Jones OBE (Deputy Chief Executive at WWF) said: “The issue of the use of financial information to compare charities is inevitable and whilst there are many limitations to any such comparison it is clearly going to happen. CFDG are therefore keen to ensure that the financial information provides enough of the right data to assist in this process. We will not be able to move on to meaningful comparisons until we are sure that we have got right the consistency and acceptance of fundamental principles of accounting for the inputs. This will in turn assist with the all important measurement of outputs, outcomes and impacts.” Tagged with: Finance Giving/Philanthropy Management Howard Lake | 11 November 2003 | News The Charity Finance Directors’ Group has launched a range of proposals for consultation that they hope will improve the quality and consistency of charity annual reports.The CFDG’s aim is to improve charity reporting so the public will know exactly how their money is being spent.The group has today published a report, “Inputs Matter: Improving the Quality of Reporting in the Charity Sector,” in which it sets out plans to tighten the definitions used in charity accounting. Funded by the Lloyds TSB Foundation, the report contains a number wide-ranging and, the CFDG accepts, controversial recommendations in relation to Support, Management and Administration Costs, Fundraising Costs and the Valuing of Volunteers. Advertisement  65 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis CFDG proposes improvements to charity annual reports About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Charities enjoy “high response rates” from direct mail campaigns

first_img  28 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis A survey by the Direct Mail Information Service has found that charities experience an average response rate of 13% when using direct mail as a fundraising tool. This, according to the Royal Mail, is one of the highest response rates across all business sectors that use mail in consumer campaigns.According to DMIS charities invested £691.23 million in direct mail activity in the last quarter of 2005, an increase of 2.4% on the same period in 2004. Charities sent 1,228 million items in the last quarter of 2004, and 1,237 million in the last quarter of 2005.Leonora Corden, Head of Market Development at Royal Mail, said: “with the cost of digital printing coming down, charities are able to enjoy the benefits of greater personalisation on their mailings, leading to increased response rates and greater return on their fundraising investments.” Advertisement Tagged with: Individual giving Research / statistics Howard Lake | 28 March 2006 | News Charities enjoy “high response rates” from direct mail campaigns About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Voluntary sector workforce in England ‘larger than previous estimates’

first_img Tagged with: England Recruitment / people Research / statistics Howard Lake | 12 June 2012 | News Voluntary sector workforce in England ‘larger than previous estimates’ Research by the Third Sector Research Centre suggests that there are more employees in the English voluntary sector than previously thought. Using data from the 2008 National Survey of Third Sector Organisations (NSTSO), it estimates that there were more than 1.1 million full time equivalent employees in England in 2008, or just over 5% of the workforce. Other estimates, calculated using data from the Labour Force Survey, have put the figure much lower, at 759,000 employees in the last quarter of 2011.The difference in totals is, according to the Centre, due to the fact that the NSTSO is likely to capture a broader range of organisations. It surveyed organisations in England that could be ‘seen to serve social, cultural and environmental objectives’, whereas the Labour Force Survey asks individuals if they work for a ‘charity, voluntary organisation or trust’.The NSTSO was carried out for the first time in 2008, and enables researchers to analyse the regional distribution of third sector employees.London has at least a quarter of all third sector employment in England. This is followed by the South East, with 17%.London’s voluntary sector accounts for 9.5% of all employees, compared to 5.6% nationally. In the East Midlands it accounts for just 3.8%.The research paper ‘The regional distribution of employees in the third sector in England: estimates from the national survey of third sector organisations (NSTSO) was carried out by Professor John Mohan and Dr Frida Geyne-Rajme of the Third Sector Research Centre at the University of Southampton.www.tsrc.ac.uk/Research/WorkforceandWorkplace/tabid/645/Default.aspx AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  60 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

6 more corporate fundraising campaigns for March 2017

first_img4. Malhotra Group and Newcastle United Foundation(l-r) Liam Atkin, Schools Partnerships Coordinator, Newcastle United Foundation; Kelly Foster, Fundraising Officer, Newcastle United Foundation; Atul Malhotra, Operations Director, Malhotra Group plcNewcastle-based leisure and hospitality company Malhotra Group plc has selected Newcastle United Foundation as its nominated charity for 2017, and aims to raise £10,000 for it.Malhotra operates many Tyneside hotels, bars and restaurants, so there are plans to hold fundraising events at venues such as The Runhead, Ryton, The Sandpiper at Cullercoats, Osbornes, Jesmond and Three Mile Inn, at Gosforth. In addition there are plans for collection boxes at all sites to encourage customers to donate.Newcastle United Foundation uses the power of football to encourage learning and promote healthy lifestyles to almost 50,000 disadvantaged children, young people and families across Newcastle, Gateshead, North Tyneside and Northumberland every year. 5. Kronos and Whizz-KidzRob, Paul and Steve at Kronos cycle for Whizz-KidzDisabled children and young people’s charity Whizz-Kidz is partnering with workforce software provider Kronos Incorporated in a three-year agreement.The company has already raised several thousand pounds for Whizz-Kidz.The partnership was launched with a series of fundraising cycling events at Kronos’ Bracknell location. Kronos team members Steve Gracey, Rob Hiron and Paul Richardson took part in a 24-hour static bike ride, ahead of an organisation-wide cycling challenge. All staff together completed 4,000km. [youtube]https://www.youtube.com/watch?v=oNkcDOLvfEs[/youtube] Tagged with: charity of the year corporate Events matched giving AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis15 “The Buddy Bag Appeal is a great cause for GB Plastics to be involved in because the money we raise will go direct to helping children in our local area who are going through a very difficult time in their lives.”The company has commissioned a number of Buddy Bags Foundation/GB Plastics co-branded collection tins which will be placed on its outlets’ trade counters. 6 more corporate fundraising campaigns for March 2017 2. GB Plastics and the Buddy Bag FoundationGeneral Building Plastics (GB Plastics), specialist supplier of quality low maintenance building products to the trade and DIY sectors, has chosen the Buddy Bag Foundation as its charity partner of the year. It will raise funds for the Foundation’s Buddy Bag Appeal to help children in emergency care. 6. Cottages.com and Guide DogsHoliday company Cottages.com is donating 10% of the cost of cottage rental to Guide Dogs for every holiday booked via a dedicated URL.The company offers holidays in over 15,000 properties, from rustic farmhouses and modern apartments in the UK to villas and gites overseas.Appropriately, “thousands of properties are pet friendly”.  244 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis15 1. Flight Centre and MindFlight Centre staff climb Mount Kilimanjaro for charity in 2016Travel agent Flight Centre has announced Mind, the mental health charity, as its 2017 charity partner.Pledging a fundraising target of £100,000, Flight Centre employees will take part in a number of fundraising activities for the charity throughout the year, including the Royal Parks Half Marathon, Three Peaks Challenge, Ride London, Thames Path Challenge, and Mind Hikes in The Lake District. Flight Centre will match all funds raised pound for pound.More than 1,100 votes were cast by employees across the Flight Centre Travel Group and Mind was announced the chosen charity partner after receiving the majority of the vote. Flight Centre’s community of Charity Champions will also help to raise awareness by organising company fundraising events and will be the point of call for all things charity-related for employees. Here are some more corporate fundraising partnerships and campaigns announced in March 2017.  243 total views,  1 views today 3. Principality Building Society and three charities of the yearPrincipality Building Society has raised £150,000 for its three charities of the year over the past 12 months:Llamau, a leading homelessness charity in Wales;Cancer Research Wales, supporting research into prevention and early diagnosis of cancer;School of Hard Knocks, which uses sport to help disadvantaged communitiesEach charity received an equal £50,000.The building society matched every pound raised by staff, contributing £67,000 to the total.This is the first year in which Principality, the largest building society in Wales, has switched from supporting one charity to supporting three. The partnerships will run until the end of 2018. Howard Lake | 23 March 2017 | News The Midlands-based family business aims to raise enough to pack 180 bags at £25 each. The Foundation aims to deliver 20,200 Buddy Bags to 300 refuges across the UK by 2020, and works with companies or individuals who will fundraise for or donate to the organisation to fund the creation of Buddy Bags in their local area.The Buddy Bags are tailored across a wide age range, from new born babies to teenagers, and contain all the essential items a child needs straight away, such as toiletries, pyjamas, socks and underwear, as well as comfort items, such as a book, a photo frame and a teddy bear.GB Plastics’ Director Wendy Hill explains the charity was chosen for its local links and imaginative support for children: Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more