first_img Paul Summers has no position in any of the shares mentioned. 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. The IAG share price dives again. Here’s why I’d steer clear 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. Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: British Airways 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. “This Stock Could Be Like Buying Amazon in 1997” See all posts by Paul Summers Our 6 ‘Best Buys Now’ Shares 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. A few days ago, I suggested all airline stocks are best avoided by Foolish investors until the coronavirus dust settles. A quick look at this morning’s second-quarter trading statement from British Airways owner International Consolidated Airlines (LSE: IAG) and I’m even more sure. Huge loss at IAGToday, IAG reported an operating loss of almost €1.37bn, before exceptional items, for Q2. Contrast that with the €960m operating profit in 2019 and you get an inkling of the “devastating impact” the pandemic has had on the company.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…As you’d expect, passenger numbers tumbled as travel restrictions came into force. Capacity over the three months was 95.3% lower compared to the same period in 2019 as nearly all of the FTSE 100 member’s aircraft were grounded. The only exception to this were flights carrying essential supplies and those put on for repatriating travellers.For the half-year as a whole, IAG reported an after tax loss (before exceptional items) of €1.97bn and a statutory loss after tax and exceptional items of €3.8bn. Pretty grim stuff.Cost-cuttingAgain, numbers like these have necessitated serious cost-cutting at IAG. In addition to accessing government support, the firm has slashed capital spending and deferred the delivery of 68 new planes. The possibility of significant job losses is, of course, already common knowledge. This left it with just over €6bn in cash at the end of June. Take into account undrawn lending facilities and this rises to €8.1bn.To further protect itself financially, however, IAG announced today it would be looking to tap investors for another €2.75bn. This capital raise will likely take place in September and supported by its largest shareholder, Qatar Airways.Uncertainty = no profits guidanceWhen will things improve? If only we (and IAG) knew. In line with what the company said back in February, it reiterated today that the uncertainty surrounding the coronavirus means no guidance on profits for 2020 can be issued. That said, IAG is planning for capacity to increase over the remainder of the year. In Q3, this is predicted to be down 74% on that achieved in 2019. In Q4, capacity is expected to be down 46%.  Commenting on IAG’s outlook, an understandably bearish CEO Willie Walsh said the company expects it will take “until at least 2023 for passenger demand to recover to 2019 levels.” Not that Walsh will be around to see it. He’s due to retire on 8 September and be succeeded by Iberia boss Luis Gallego. Steer clear of IAGShares in IAG were down 7% in early trading this morning, suggesting the market was taken aback at just how concerning today’s announcements were. If you exclude the last few months, shares haven’t flown this low since 2012.I can’t see the situation changing anytime soon. There are simply too many potential variables at play and too many things that could get worse. As such, IAG remains pretty much impossible to value and, in my view, uninvestable. It may well be able to capitalise on its clout as smaller competitors go to the wall, but this will count for little if it can’t get a sufficient number of planes in the air.   With no dividends to placate holders, there’s simply no point risking your capital when so many better opportunities exist elsewhere in the market. I’d leave IAG to the traders for now. Enter Your Email Address Paul Summers | Friday, 31st July, 2020 | More on: IAG last_img read more


first_imgCelebrations broke out in cities and towns across the country on Saturday after Joe Biden was declared the winner of the presidential race. Democrats are looking at being shut out completely from the district-drawing process — which will use data drawn from the 2020 census — in key states including Florida, Texas and North Carolina. Together, those states will account for more than 80 congressional seats starting in 2022. In his own remarks, Biden declared it “the honor of my lifetime” that the country had sided with his message of unity and head-on confrontation of the coronavirus. Early on Monday, he unveiled a transition team of scientists and experts to prepare his virus response. “That plan will be built on bedrock science,” he said in his speech Saturday. The news in House races across the country has generally been better for Republicans than for Democrats. An exception came in northeastern suburbs outside Atlanta, where Carolyn Bourdeaux was declared the winner on Friday in a House district that had been vacated by the five-term Republican congressman Rob Woodall. Speaking on CNN’s “State of the Union,” James Clyburn, the Democratic whip in the House and a Biden adviser, pressed Republicans to break with the president. “What matters to me is whether or not the Republican Party will step up and help us preserve the integrity of this democracy,” he said. – Advertisement – It was a remarkable — and improbable — scene, as our reporters Matt Flegenheimer and Katie Glueck write in a news analysis. Matt and Katie remind us that Biden is the same “institutionalist 70-something, incorrigible square, inexhaustible reciter of Irish poetry” he’s always been. “But then, it seems that defeating President Trump can do strange things for a man’s reputation.” Biden and Kamala Harris, the vice president-elect, projected an executive air on Saturday night as they strode onstage to address the country in Wilmington, Del., hours after the race had been called. The pressure is now on the General Services Administration, which is responsible for declaring a winning candidate and facilitating the transition process. Its Trump-appointed administrator, Emily Murphy, has not yet affirmed Biden’s victory. “I am thinking about her and about the generations of women, Black women, Asian, white, Latina, Native American women, who throughout our nation’s history have paved the way for this moment tonight,” Harris said. “Women who fought and sacrificed so much for equality and liberty and justice for all, including the Black women who are too often overlooked, but so often prove they are the backbone of our democracy.” – Advertisement – Veterans of both Republican and Democratic administrations are now calling on Trump to accept his election loss and begin the transition process. But he has shown no willingness to do so — and in fact, he’s been eerily silent other than a cascade of tweets, many of which Twitter has labeled misleading.center_img Harris began with a speech that invited women, particularly women of color, to bask in the milestone of her election as the first female vice president. She invoked her mother, Shyamala Gopalan Harris, who arrived in the United States as an Indian immigrant at 19. – Advertisement – “While there will be legal disputes requiring adjudication, the outcome is sufficiently clear that the transition process must now begin,” wrote the four members of its advisory board, which includes veterans of the Clinton, Obama and George W. Bush administrations. The center has participated in presidential transition activities for four election cycles. This would become relevant if Republicans succeeded in overturning a state court decision to allow ballots to be accepted up to three days after Election Day. The good news for Biden is that it does not appear losing those ballots alone would be enough to erase his lead in the state. – Advertisement – In Arizona, more votes came in on Sunday, breaking narrowly for Trump. He does not appear to be on pace to overtake Biden in the state, which remains undecided and would only add to Biden’s margin of victory in the Electoral College if he held on to win. But over all, Democrats have lost a net of five seats in the chamber this cycle, with a number of races across the country still uncalled. The nonpartisan Center for Presidential Transition released a letter on Sunday urging him to move ahead with the transition. Enough votes have been counted in Pennsylvania, Nevada and other close states that it’s clear Trump has lost the election. In Pennsylvania, for instance, ballots received after Election Day have been sorted and counted separately from those received through Nov. 3. Here’s another thing Republicans have to celebrate: As of last night, Democrats had not flipped a single statehouse chamber in an election year that will determine who controls the decennial process of redistricting.last_img read more


first_imgCongratulations to the following players for being selected as their team MVP at the 2004 Australia Cup in Melbourne. Congratulations also to those selected as the Player of the Final. TEAM MVP’S: Womens: ACT 23’s: Laura Elliot ACT: Kath Finn Victoria 23’s: Claire Atkinson Victoria: Brooke James Victoria 30’s: Sue McKenna NSW Country 23’s: Nicole Beck NSW Country: Jai Curry NSW Country Seniors: Debbie Potts EPTA Seniors: Brenda Williams SA: Tara Stanford Tasmania: Carolyn Reid Mens: ACT: Mark Moses Tasmania: Craig Holloway SA: Jeremy Smith Victoria 23’s: Lucas Robinson Victoria: Craig Hudleston Victoria 30’s: Angelo Cabansag EPTA Seniors: Clint Arnall NSW Country Seniors: Andre Andrews PLAYER OF THE FINAL: Mens: Damien Prendergast (ACT) ACT def Vic 6-4 Womens: Erin Hardes (NSW Open) NSW Open def NSW 23’s 8-2 A big thank you to all staff, referees, selectors, coaches, managers and players for their time at the Australia Cup. It has been a great tournament and the ATA would like to thank everyone involved for their dedication and time. Jon Pratt Australian Touch Associationlast_img read more


first_imgWolves boss Nuno left frustrated after Southampton drawby Paul Vegas6 days agoSend to a friendShare the loveWolves boss Nuno was left frustrated after their 1-1 draw with Southampton.The visitors went ahead in sloppy circumstances from a Wolves perspective, as Danny Ings capitalised to slot home. Wolves showed the spirit to come back and equalise through Raul Jimenez’s penalty, and Nuno wants his team to learn from their performance and build on an improved second-half.He said, “I’m disappointed because one of the things we are, and must be, is solid and today we were not. Sometimes you have to stay in the game, Southampton broke us when we should be more solid in defence.“We created but not in the right areas we should. We played long, Southampton did very well, they pressed us very well, they were organised and are a very good team, they did a good job to make our task very hard in terms of possession of the ball.”He continued, “Sometimes it’s not what you want to do, it’s what the other team lets you do, but we should find better solutions. In the second-half we played better, we were more stable.“The goal we suffered was a mistake, we had to react, and we reacted OK, and then we pushed until the end.“It was not an easy game, it was a very tough game. It was very disrupted, not both teams controlling the game, we had an injury and didn’t play the way we should and could.“The game was very hard, we made mistakes, a lot of things happened in the game, so we have to improve for the next one.” About the authorPaul VegasShare the loveHave your saylast_img read more


first_imgzoom With the impending adjustment to the Elbe fairway, Germany’s Port of Hamburg is preparing for the future also with improved infrastructure and digitalization.“We must get to grips with Industry 4.0, with digitalization and how this will change supply chains. We must develop the port to enable it to play a prominent role,” Frank Horch, Hamburg’s Senator for Economics, Transport and Innovation, said.“We will improve the infrastructure, implement the fairway adjustments and secure good general conditions,” Horch added.Once the adjustment to the Elbe fairway is finalized, the port will be able to handle more containers and bulk cargo.“Terminals and other port facilities are well prepared for growth. Increased draft on the Elbe and simplification of manoeuvring by the construction of a passing zone on the Elbe downstream from Hamburg will facilitate more efficient use of hold capacities and crucially simplify passing for ultra-large vessels,” Ingo Egloff, HHM Executive Board colleague, added.In the last business year, the port saw a stable handling result comparable with the previous year.At 136.5 million tons, in 2017 seaborne cargo throughput in Hamburg, comprising general and bulk cargoes, was stable at a high level. A slight downturn occurred in handling of containerized general cargo at 8.8 million TEU, being one percent lower. At 44.7 million tons, the bulk cargo total was at the previous year’s level.In 2017 Hamburg received 102 calls by ULCVs in the size bracket 18,000 to 20,000+ TEU, a rise of 52.2 percent.Furthermore, Egloff informed that positive effects on the flow of imports via the Port of Hamburg are expected from the revamping of Import VAT agreed in the current coalition deal in Berlin.This would eliminate a long-standing disadvantage vis-à-vis the Netherlands, with importers in future able to deduct Import Tax immediately.In Germany Import Turnover Tax has so far been paid immediately and only later allow for in advance notification of Turnover Tax.last_img read more


first_imgJackie Chan has blogged about the importance of his Build A School For A Dollar project.“Every time I come back to Hong Kong, I get to see all the Build a School donations that children from all corners of the world send to me,” he blogged on his official website. “Some of you might be asking – why are they sending me money? Well, many years ago, I made a request to all the children around the world and started the Build a School for a dollar project. If everyone donates their pocket money or spare change to me, no matter how much or how little, even just one dollar, I will match every dollar with another dollar and use all your donations towards charity.“Over the years, my office has continuously received donations from children all over the world. This time, I saw that a group of students from Germany drew many Chinese paintings and auctioned them off as a charity fundraising event for my Build a School for a Dollar project. In the end, they raised $650 Euros and sent it to my office. Also, a group of children from America amazingly wrote a Chinese letter to me. I was so surprised! All donations received by these young children, and my promise to match every dollar with another dollar, will all be used towards building another Dragon’s Heart school.“I’m so happy to receive your continual support towards charity over the many years. You are the peace and hope of our future! Thank you all for making this world a better place and more heartwarming!”Find out more about Jackie Chan’s Build A School For A Dollar project here.Source:JackieChan.comlast_img read more


first_imgTaipei: Two US warships sailed through the Taiwan Strait over the weekend, Taiwan’s defense ministry said Monday, in a move that Beijing said threatened to hinder US-China relations. The ministry said the ships made the passage on Sunday, sailing from south to north through the waterway that divides the self-governing island from mainland China. Beijing frequently objects to the movement of foreign military vessels in the strait based on its claim to Taiwan as its own territory, to be annexed by force if necessary. Also Read – Saudi Crown Prince Salman ‘snubbed’ Pak PM Imran, recalled his private jet from US: ReportTaiwan’s defense ministry said US ships were free to sail through the Taiwan Strait as part of their “strategic Indo-Pacific tasks.” Despite the lack of formal diplomatic ties, the US is a key ally of Taiwan and provider of defensive weapons. China has been increasingly willing to protest actions by foreign militaries in areas it considers its home waters or sphere of influence. That especially applies to the Taiwan Strait and South China Sea, which China claims almost in its entirety. Chinese foreign ministry spokesman Geng Shuang said Monday that China has expressed concern to the US about the warships. The US should handle Taiwan-related issues “prudently” in order to avoid negatively impacting its relationship with China, Geng said, adding that “the Taiwan issue is the most important and sensitive issue in Sino-US relations.”last_img read more


first_imgFormer Manchester United goalkeeper Peter Schmeichel believes that Liverpool’s Alisson Becker must not “compromise his style”The Brazil international was signed by Liverpool this summer for a then world-record transfer fee of £67m for a goalkeeper from AS Roma.After keeping three clean sheets in his opening Premier League games, Allison was at fault for Leicester’s goal in Saturday’s 2-1 win for the Reds.The 25-year-old unsuccessfully tried to dribble past Kelechi Iheanacho, who then set-up Rachid Ghezzal to bring Leicester back into the game.But Schmeichel believes that the worst thing that Alisson can do now is changing the way he plays.“This is a new style,” he said on Sky Sports.“It’s what teams and managers are looking for. Someone who is very comfortable with their feet and can pass the ball even in tight areas.“You lose the ball every now and then. Every single player does that, no matter where they are on the pitch.“The worst thing he can do is compromise his style. Stay with it, be comfortable with it, that’s his way of playing.”Cristiano Ronaldo, Nemanja Vidic, Manchester UnitedVidic: “Ronaldo is the most professional footballer I’ve seen” Andrew Smyth – September 14, 2019 Nemanja Vidic opened up on how a 21-year-old Cristiano Ronaldo’s professionalism left him stunned at Manchester United.The Denmark legend believes that the upcoming months will be critical now for Alisson.“The next few months he will be under pressure. The media will be scrutinising every little thing he is doing,” continued Schmeichel.“How is he reacting to that? Can he still go out and play at this very high level? That is the art of goalkeeping. That you have that ability.“When he made the mistake, the camera was on him a few times, he looked worried. It was playing on his mind. He needs to work on that. It’s the only way you can survive.”The 54-year-old compared Alisson to former Liverpool goalkeeper Bruce Grobbelaar, who played for the club between 1980 and 1994 while making 628 appearances in the process.“When Liverpool were the most successful team in England and Europe they had a very entertaining goalkeeper,” said Schmeichel.“Grobbelaar was that kind of guy. He would be incredible for many, many games then come out for a cross he should not have come out for, and they concede a goal.“But the team knew that. They lived for that. It wasn’t a problem. He never changed and that, beyond anything, is the most important thing.”last_img read more


first_img Sandals Foundation to the rescue for Dominica Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 25 Aug 2015 – Danny is dead. No trace of the storm which last week was at its worst, a category three hurricane and which yesterday was a Tropical Storm. Two systems are being monitored in the Atlantic; one late last night evolved to being Erika, a fast moving Tropical Storm moving west at 20 mph… the other still at a low chance for developing. Update on the Tropics; System forecast to strengthen Hurricane Joaquin damaging and costly to TCI Recommended for you Related Items:danny, erika, tropical stormlast_img read more