Sovereign wealth funds invest in UK mobile phone operator

first_imgThe Abu Dhabi Investment Authority (ADIA), Singapore’s GIC, the Canada Pension Plan Investment Board (CPPIB) and Caisse de dépôt et placement du Québec are investing in a UK mobile phone operator.The four investors have joined Brazilian investment bank BTG Pactual in the £3.1bn ($4.78bn) purchase of a 33% stake in the UK’s combined Three and O2 networks.The funds are investing alongside Hong Kong holding company Hutchison Whampoa (HWL), which owns Three and is paying Telefonica £9.25bn for O2 in a deal backed by £6bn in bank finance.GIC and the CPPIB will each invest £1.1bn.  The ADIA is investing through its wholly owned Limpart Holdings subsidiary, while Québec’s La Caisse is investing through Ivanhoé Cambridge.The latter said the deal gave it a 12% stake.Mark Jenkins, CPPIB’s senior managing director and global head of private investments, said: “This is an exceptional opportunity to acquire a meaningful stake in what will become a leading mobile operator in the UK, giving us immediate scale in an important sector.“We expect this investment will generate attractive, long-term, risk-adjusted returns.”CPPIB said the deal would close next year, pending EU regulatory approval.last_img read more

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Cairns real estate identified as most affordable

first_imgAn aerial view of part of Cairns CBD. Picture: Skystock.CAIRNS real estate remains some of the most affordable in the country, in contrast to major metropolitan centres, says Real Estate Institute of Queensland zone chairman Tom Quaid.Mr Quaid’s comments came after a recent report revealed an improvement in housing affordability in Queensland.The 2018 March quarter edition of the Adelaide Bank/REIA Housing Affordability Report also showed the median family income required to meet loan repayments had decreased.The proportion of income required to meet loan repayments dropped from 27.6 per cent in the December 2017 quarter to 27.5 per cent in this year’s March quarter.More from newsCairns home ticks popular internet search terms3 days agoTen auction results from ‘active’ weekend in Cairns3 days ago“Cairns still remains relatively affordable in the scheme of things, both from the perspective of its median house price of just north of $400,000, and in real terms,” Mr Quaid said. “It all comes down to what people are looking for though and whether they are realistic in their expectations. If you are looking for brand-new property with all the mod-cons, then expect to pay more in most cases. “It’s the same when it comes to location, with certain suburbs attracting a premium that can make them feel out of reach. For those that look at property as a building block however, there is still good choice to be had in housing in the $300,000s, particularly when you look at the south side of Cairns and some of our city fringe suburbs.”REIA president Malcolm Gunning (pictured above) said the report found the proportion of median family income required to meet average loan repayments decreased by 0.3 percentage points to 31.3 per cent. He said rental affordability declined in all states and territories except for Western Australia and the Northern Territory, with the proportion of median family income required to meet rent payments increasing by 0.1 percentage points to 24.8 per cent. Mr Gunning said the number of loans also decreased across the country by 16 per cent.“Since the last edition of this report, the east coast residential property market has moved … from a seller’s to a buyer’s market,” he said.last_img read more

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Pjanic lands in Barcelona after recovering from COVID-19

first_imgRead Also: Lionel Messi gifts blind boy life-changing glassesUnfortunately for Pjanic , though, having to adhere to the protocol means that it’s unlikely that he plays against Girona in Barcelona ‘s pre-season opener.The Catalan club plan to present Pjanic at the start of next week.FacebookTwitterWhatsAppEmail分享 Promoted ContentMind-Bending Technology That Was Predicted Before It AppearedWorld’s Most Delicious Foods10 Risky Jobs Some Women Do27 Breathtakingly Beautiful Albino AnimalsBest & Worst Celebrity Endorsed Games Ever Made7 Reasons Why You Might Want To Become A Vegetarian6 Interesting Ways To Make Money With A DroneThe Best Cars Of All TimeWhat Are The Most Delicious Foods Out There?Couples Who Celebrated Their Union In A Unique, Unforgettable WayThe 10 Biggest Historical Mysteries That Can’t Be SolvedWho Is The Most Powerful Woman On Earth? Loading… As the protocol dictates, Pjanic will have to train alone until he passes the second PCR test. Lionel Messi and Philippe Coutinho also had to do this before they could join up with their team-mates. Miralem Pjanic arrived in Barcelona on Thursday night after taking a private flight from Turin, where he had been quarantining for the last two weeks after testing positive for COVID-19. The Bosnian midfielder will have to pass LaLiga ‘s mandatory PCR test in order to start training at the club’s training complex.Advertisementlast_img read more

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Performance Bodies, Five Star Bodies offer MD3 award option

first_imgCEDAR FALLS, Iowa – An award option is new this season in the Performance Bodies and Five Star Bodies program benefitting IMCA Xtreme Motor Sports Modified, Karl Chevrolet Northern SportMod and Scoggin-Dickey Parts Center Southern SportMod drivers.Each of the five Modified regional champions and rookies of the year, and both SportMod national champions and the rookies of the year receive MD3 Modified nosepieces or four MD3 rocker panels.The rocker panels are new to that program.“Giving racers more options is certainly something that adds value to any contingency program and the addition of the rocker panels to this program accomplishes exactly that,” noted IMCA Marketing Director Kevin Yoder.More information is available by calling Performance Bodies at 800 722-4641.last_img read more

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American boxing champion in car crash

first_imgRelatedPosts Nigerian comedian, Klint Da Drunk survives car crash South Africa court finds Zuma’s son not guilty over car crash death National Theatre’s General Manager dies in car crash Boxing world champion Errol Spence Jr has been involved in a serious car crash in Dallas, Texas.A 29-year-old man was ejected from a Ferrari he was driving at high speed, when it veered over the centre of the road and flipped multiple times, Dallas Police said.He is in intensive care and “expected to live”.Spence Jr’s injuries are “not life threatening”, said Tim Smith of promoter Premier Boxing Champions.The cause of Thursday’s crash at 2:53am local time on 500 S Riverfront Blvd is undetermined.The white Ferrari was travelling northbound, and crossed over the centre median on to the southbound lanes.Police said the driver, the only person in the car, had not been wearing a seatbelt.American welterweight Spence Jr beat Shawn Porter on a split decision to unify the IBF and WBC world titles on September 29, leaving the Texan unbeaten after 26 fights.Messages of support have been sent on social media by Porter, Terence Crawford who holds the WBO welterweight title, and Manny Pacquiao who holds the division’s WBA belt.Britain’s Kell Brook, who lost the IBF title to Spence Jr in 2017, and WBC president Mauricio Sulaiman also tweeted their support.Tags: car crashErrol Spence Jrlast_img read more

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Moyes issues challenge to players

first_img It means he must now trust his present squad to haul themselves out of the hole they have dug for themselves with so many tepid performances this term, particularly on home soil. And, in his programme notes ahead of Tuesday’s encounter with Cardiff, Moyes has made it perfectly clear what should be driving United on. “I do believe now that we are playing for the Manchester United jersey and for pride in where we are,” Moyes told United Review. “There is still a long way to go this season and by the end of it we have to have shown we are much better than many people are making us out to be. “On the training ground and in the dressing room I see determined and committed players who are desperate to put things right.” Moyes revealed he had been made aware when he succeeded Sir Alex Ferguson last summer changes would be required, even if the scale of the task has caught many observers by surprise given United romped to the Premier League title by 11 points last term. Moyes added: “When I joined the club, I joined knowing I was taking over a great squad who had just finished the season as champions, but I was also made very much aware that there would have to be changes made. “Namely… a long-term plan and also looking within our own academy to introduce young players to the first team as often as we feel they warrant selection.” Press Association Manchester United manager David Moyes has challenged his players to prove their critics wrong.center_img Moyes started his Old Trafford rebuilding job by smashing United’s transfer record to bring Juan Mata to the club from Chelsea. That £37.1million outlay is destined to be the last bit of significant business Moyes does in the current transfer window unless the Scot is given some unexpected encouragement with any of his other targets. last_img read more

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Benteke silent over Villa future

first_imgChristian Benteke has remained tight-lipped over his Aston Villa future but insisted he knows what he wants. Press Association And Benteke refused to offer any assurances he will remain at Villa Park. “It’s about him (Kismet), he knows what I want and I’ll let him do the job,” said the 24-year-old, currently with his national side ahead of their Euro 2016 qualifier against Wales and friendly with France. “I don’t know, I don’t think about Aston Villa now. I did my season with Villa and now I am focused with the national team. “It’s important to play. If you want to be in the first 11 you have to play in your club.” Benteke has scored 49 goals in 101 games for Villa since moving from Genk for around £7million in 2012. He recovered from a ruptured Achilles, which kept him out of last year’s World Cup, to score 12 goals in his final 13 games of the season, although failed to net in Saturday’s 4-0 FA Cup final defeat to Arsenal. “I knew it wasn’t going to be easy. I had some hard times with my injury but I knew my time would come and I would work hard for it,” he told Sky Sports News HQ. “I think I can be better in every situation – my left foot, right foot, heading. I’m still young and I’m motivated about working hard and being better than before.” center_img The striker has offered no promises he will stay at Villa after the summer following his stunning end-of-season form. He has been linked with a move to Liverpool and has a release fee clause in his contract, with agent Eris Kismet reportedly saying the Belgium international is keen to play for a club in Europe. last_img read more

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Hughes confirmed as QPR manager

first_imgQPR have confirmed the appointment of Mark Hughes as the club’s manager.Hughes has signed a two-and-a-half-year contract and succeeds Neil Warnock, who was sacked on Sunday following a poor run of results.The new boss will be joined by assistant manager Mark Bowen, first-team coach Eddie Niedzwiecki and goalkeeping coach Kevin Hitchcock, who have all worked with him previously.AdChoices广告It means a return to west London for the 48-year-old Welshman, who played for Chelsea between 1995 and 1998 and managed Fulham before quitting Craven Cottage last summer.During a glittering career, he had two spells with Manchester United and played for Barcelona and Bayern Munich.Hughes was capped 72 times by Wales and was their manager for five years before taking over as Blackburn boss in 2004.He later managed Manchester City and then took over at Fulham in 2010 but walked away after one season in charge of the Whites, citing the club’s lack of ambition as his reason for leaving.After being overlooked by Aston Villa and more recently Sunderland, Hughes was keen to get back into the game and was attracted by QPR’s desire to spend massively in the transfer market.Follow West London Sport on TwitterFind us on Facebooklast_img read more

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Gussie Johns wins Defensive Player of the Week

first_imgJunior goalie Gussie Johns was named the MPSF Defensive Player of the Week on Monday after a strong showing against No. 6 Colorado last Friday. Johns made nine saves and picked up three ground balls in USC’s 11-5 victory at the Coliseum, shutting out the Buffaloes during the entire second half.The junior goalie is no newcomer to accolades. This is Johns’ second MPSF Defensive Player of the Week award of the year and her fifth career Player of the Week honor. Johns leads the country in goals against average (6.69) and is fourth in the nation in ground balls per game (4.0). Johns also continues to add to her program-record 289 career saves and 156 career ground balls. Monday marked the fifth consecutive week that a USC women’s lacrosse player took home a weekly conference award. Senior attacker Michaela Michael leads the way, winning four straight MPSF Offensive Player of the Week awards — a streak that ended this week. Freshman midfielder Kerrigan Miller took home Rookie of the Week honors in March, and freshman midfielder Kaeli Huff also received the award two weeks ago. Johns’ accolade was her first since being named Defensive Player of the Week on Feb. 20.Johns has gained national attention for her play in net for the Trojans. After dominating at USC during her first two collegiate seasons, Johns was named to the United States’ final roster in January for the 2017 FIL Women’s Lacrosse World Cup, which will be held in Guildford, England this summer.Johns is one of just two current student-athletes on the national team, along with North Carolina junior midfielder Marie McCool. Also joining Johns on Team USA is Devon Wills, the Trojans’ associate head coach and defensive coordinator.Next, USC will look to extend its six-game winning streak when the team travels to Stanford on Friday. A victory over the Cardinal would clinch the first seed in the MPSF tournament, which will be hosted at McAlister Field beginning April 27. Another win over UC Davis on Sunday would also set a new MPSF record for consecutive conference wins. While individual recognition is nice, Johns and thenow-sixth-ranked Trojans will strive for a conference title as well as the ultimate goal: the first national championship in the program’s five-year history.last_img read more

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