24 King Arthurs Court, Sovereign Islands.Other features include a pontoon, media room, intercom and sonos sound system and outdoor kitchen.“Seize the moment with this rare opportunity of an unparalleled lifestyle on Sovereign Islands,” he said.The property will go to auction on December 17. 24 King Arthurs Court, Sovereign Islands. 24 King Arthurs Court, Sovereign Islands.THIS Sovereign Islands mansion is described as “contemporary luxury” and it’s not hard to see why.“Simply put, it is not just a house, it is a home for a consummate waterfront lifestyle,” agent Edin Kara of Ray White Sovereign Islands said. 24 King Arthurs Court, Sovereign Islands. 24 King Arthurs Court, Sovereign Islands.“This masterpiece captures the eye with its graceful lines and poetic presence.”More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North1 hour ago02:37International architect Desmond Brooks selling luxury beach villa21 hours agoThe house was originally constructed by R.W. Smith Family Builders. It has since undergone renovation, with an array of modern creature comforts. The kitchen includes white granite benchtops, a commercial highland gas cook top, Liehberr integrated double-fridge and Vintec double wine fridges. Another highlight of the five-bedroom house is the florida room that extends to the pool. “Tropical gardens supplement the water’s edge pool, elegantly promoting an outdoor lifestyle in the unparalleled Gold Coast weather,” Mr Kara said.
The proliferation of diversified growth funds among UK institutional investors will continue for the next five years despite falling growth among defined benefit (DB) investors, research shows.A report by research firm Spence Johnson showed that the UK market grew by £16.2bn (€22.4bn) over 2014, reaching a total of £124bn.However, by 2019, it predicts the market will be worth £218bn as defined contribution (DC) schemes grow and allocate more.While institutional investors dominate allocations, Spence Johnson suggests retail investors are becoming more of a significant minority. Retail investors led the growth in the market in 2014, followed closely by UK DC funds, which added more than £3bn to the market.Overall, DB funds still have around £55bn in DGF assets, while DC has around £15bn.Spence Johnson, however, predicted that DC investors would be the greatest source of inflows over the next five years.It also lowered its forecast on DB after a “disappointing” 2014.It said DB inflows were past their peak, due to the growing fiduciary management market as a competitor for DB assets.General de-risking is also affecting the outlook for DB allocations, it said.“We have seen growth in DB assets fall to almost a standstill last year, following the huge success of the previous year,” it said.“Because of these factors, we have more than halved our flow forecast from the previous year.”The research also suggested multi-asset solutions in the DC market would grow their market share from 1% to 32% of the £787bn in assets, with DGF funds being the fastest growing element.However, the growth of specific types of DGF products stand to vary, with Spence Johnson predicting absolute return funds accounting for almost half of the market’s growth over the next five years.Of the £55bn of inflows, it expects £23bn into absolute return, £19bn into dynamic DGFs and £12bn into strategies DGFs.For DB investors, absolute return and dynamic funds will be most attractive.However, given the UK government’s 75 basis point charge cap on DC funds used as defaults for auto-enrolment, strategic DGFs will capitalise by being lower cost, while dynamic funds will reduce in quality due to fee competition, Spence Johnson said.Standard Life Investment still dominates, with a majority market share of 33%, while Ruffer, BlackRock and Newton Investment Management all hold more than 10% market share.While the Top 5 asset managers held a 71% market share in 2014, concentration will reduce by 2019, with this figure falling to 57%, according to Spence Johnson.At the end of 2013, the Top 5 concentration was 75%.
Spanish oil company Repsol has reached an agreement with Total to acquire its 7.7% stake in the Visund field, located in the North Sea. This means that Total will no longer have interest in the field. With this transaction, Repsol’s net output in Norway will grow to approximately 30,000 barrels of oil equivalent a day, which represents an increase of around 40% in production in the country, the oil company said on Thursday.Following the acquisition, Repsol will become part of the Visund field’s operating consortium, which will be composed of Statoil, the operator with a 53.2% share, Petoro, with 30%, ConocoPhillps, with 9.1% and Repsol with the remaining 7.7%.The Visund field is an oil and gas reservoir located 22 kilometers offshore north –east of the Gullfaks field in the Tampen area outside Norway. In 2017, it achieved an average production of 124,614 barrels of oil equivalent a day.On stream since the spring of 1999, the field has been developed with a floating production, drilling and quarters platform. The subsea-completed wells on the field are tied back to the floater with flexible risers. Oil is piped to Gullfaks for storage and export. The Visund field began producing gas and exporting it to continental Europe on October 7, 2005.Repsol noted that this acquisition reaffirms its commitment to Norway, a key country for the company.The company reached an agreement with Statoil in 2015 to acquire a 15% stake in the Gudrun field, and is also moving forward on the Yme field development, where a revised Plan for Development and Operation was submitted on December 19, 2017.Repsol has a working interest in 25 production licenses in Norway.
Polarcus has received contract termination notice for a 3D marine seismic acquisition project offshore West Africa. The contract was initially announced in November 2018.The client has decided to cease operations on the project and the contract has been terminated, Polarcus said.The client has accepted that compensation for early termination is payable in these circumstances, the company added.Polarcus is engaged in discussions for alternative project opportunities although the company expects its vessel utilization in Q2, 2020 to be negatively impacted.
By Alan Baldwin(REUTERS) – Formula One came back with a bang on Sunday as Finland’s Valtteri Bottas won a dramatic Austrian season-opener for champions Mercedes in a race with only 11 finishers and no spectators.Charles Leclerc finished a surprise second for struggling Ferrari with McLaren’s Lando Norris celebrating his first F1 podium after a time penalty dropped Mercedes’ six-times world champion Lewis Hamilton to fourth.“I managed to keep it together and control the race from my side and it’s a good start to the season,” said Bottas, who started on pole position and had to keep his cool through three safety car periods.Norris, at 20 the youngest driver in the race and now the youngest Briton to stand on an F1 podium, also claimed a bonus point for fastest lap.The race, on a sunny afternoon at the scenic Red Bull Ring was behind closed doors — a Formula One first — due to the COVID-19 pandemic that had put the season on hold since March.The drivers gathered on the grid before the start in a show of unity against racism, with Hamilton and 13 others taking a knee in solidarity.Spaniard Carlos Sainz made it a double points haul for McLaren in fifth, with Sergio Perez sixth for Racing Point and Pierre Gasly seventh for AlphaTauri.Esteban Ocon, who last raced in 2018, took eighth for Renault on his return while Antonio Giovinazzi bagged ninth for Alfa Romeo and Sebastian Vettel, who had another nightmare, completed the top 10 for Ferrari.Canadian Nicholas Latifi was the last car running with 11th for Williams.There was drama even before the race when stewards performed a U-turn after a Red Bull challenge and dropped Hamilton from the front row to fifth on the grid for a qualifying error.That also promoted Red Bull’s Max Verstappen to the front row alongside Bottas.Any hopes the Dutchman had of completing a hat-trick of Austrian wins disappeared when he suffered an early technical problem and became the season’s first retirement.“I think it would have been an easy podium and third would have been a decent start to the season but what can you do?,” he said.SAFETY CAR The first safety car was deployed when Haas’s Kevin Magnussen spun off on lap 26 and it then came out again when George Russell parked up his stricken Williams.The third was after Kimi Raikkonen’s Alfa Romeo turned into a three-wheeler, a loose wheel bouncing off and across the track.Bottas had Hamilton in his mirrors soon enough but the Briton was handed a five-second time penalty for causing a collision with Red Bull’s Alex Albon while defending second place.The Thai spun off into the gravel, his podium hopes gone.“It’s not been a great weekend for me, yesterday was entirely my fault and to get a penalty today… it is what it is,” said Hamilton.Leclerc, whose team had struggled in qualifying with Vettel failing even to make the top 10, moved up to third against all expectations — which became second after the chequered flag.“It feels like a victory today,” said the Monegasque.Perez, who ran as high as third, lost out to Norris two laps from the end but the Mexican was already carrying a time penalty for speeding in the pit lane.Anyone who had feared Mercedes enjoying a race of their own, after dominating practice and qualifying, need not have worried. They fretted over gearbox sensors and possible kerb damage as he race wore on.The second race is at the same circuit next weekend, another Formula One first.
Thrown on by Ernesto Valverde just before the hour mark as Barcelona trailed Sevilla 2-0, Messi turned the tide in his team’s favour and drove home an 89th-minute equaliser from outside the area.“He didn’t start the game as a precaution,” coach Valverde said.“We think he will be fine for Wednesday but we will see how he feels after tonight’s effort.“Of course, he’s an important player. He makes a difference every time he touches the ball.”The last time Roma faced Barcelona was in the Champions League group stage in November 2015, with the Catalans registering a thumping 6-1 home win over the Italians.Messi made his return from a two-month injury layoff in that game, running the show and scoring twice, as well as setting up Gerard Pique.Luis Suarez, who also struck twice against Roma in that match, was pleased with the team’s attitude against Sevilla.“It’s to Messi’s credit that he keeps on demonstrating (his class),” the Uruguayan forward said. “But the work of the whole team, to keep going and not give up, is what stays with me.”Barcelona looked lost at Sevilla until Messi arrived, especially without Sergio Busquets anchoring the team and controlling the game.The Catalan holding midfielder is back in training after a toe injury and could also start as Barcelona welcome Roma to their Colosseum for the first leg.“Andres Iniesta, our Michelangelo, Leo Messi, our emperor,” Barcelona declared in the video.While veteran playmaker Iniesta’s brush strokes in midfield paint the path, it is only with Messi leading the charge Barcelona can be confident of putting Roma to the sword and taking another step towards a potential treble.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram “Welcome Romans, 100 000 gladiators await you,” warned Barcelona in a preview video ahead of their Champions League quarterfinal first leg against AS Roma Wednesday evening.One warrior stands head and shoulders above the rest, meaning Lionel Messi is fit again and expected to start against the Italian side after rising from the bench to rescue Barcelona a point in a 2-2 draw with Sevilla on Saturday.Messi missed Argentina’s friendlies during the international break with muscular problems, a 2-0 win over Italy and a humiliating 6-1 thrashing by Spain in Madrid.
The Republic of Ireland squad kick-start their preparations for their upcoming World Cup Qualifiers this evening.They’ll be put through their paces in Abbotstown at 4pm ahead of their game against Georgia at the Aviva Stadium on Thursday.Martin O’Neill’s squad will then travel to face Moldova on Sunday.
August is historically significant on the Caribbean calendar. August 1, Emancipation Day, commemorates the end of slavery in the British Empire including the West Indies by the Slavery Abolition Act of 1834. August 6 and 31 are anniversaries of Jamaica’s and Trinidad and Tobago’s independence from the British in 1962.This year Jamaica celebrates its 56st independence anniversary. Like past commemorations of this milestones there will be the usual celebratory events in Jamaica and throughout the Diaspora.As with the birth anniversaries of individuals, often times the celebrations camouflages the challenges experienced throughout the year and years preceding the anniversary.Hasn’t been a cake-walkReaching the 56th anniversary hasn’t been a cake-walk for Jamaica There have been tremendous challenges, many which were overcome, and challenges which continue to plague the nation.Some of these challenges, like the national economy and the suppression of criminal violence, have had some, mostly from the older generation, still wondering if it wouldn’t have been more advantageous for Jamaica and other Caribbean nations remain as a West Indies federation. “The challenges are too steep for such small nations,” they claim.Significant achievements Thankfully, this is a minority opinion. Despite the challenges Jamaica and Jamaicans have achieved significantly. There’s no doubt despite its small nation status, Jamaica has made its mark on the international scene.But, there is work, a lot of work, still to accomplishSince independence, particularly since 2000, Jamaican governments, private sector and people appear more intent on solving the many problems at hand. There is definite evidence that Jamaica is on a mission to achieve social and economic development. However, a moment of objectivity reveals that solving the problems confronting Jamaica isn’t easy. It hasn’t been easy for either of the political parties, the Jamaica Labor Party (JLP) or the People’s National Party (PNP) that has formed the government since 1962. It certainly isn’t easy for the incumbent government.Various challenges to overcomeSolving Jamaica’s problems has been a struggle because of various factors, many of which are beyond Jamaica’s control. Some include: an increasingly competitive global market; decline in demand for Jamaica’s traditional agricultural exports, and its former top revenue earner, bauxite; decrease in valuable foreign exchange earnings; increase in national debt as governments seek to borrow on the international market to fill the gap from foreign exchange earnings; decline in and high price of obtaining developmental capital; continuous migration of skilled people, and a growing, more youthful population, craving a rewarding future.Moreover, it hasn’t been easy for the nation, when the best alternative for solving pressing economic problems is to depend on financial assistance from the International Monetary Fund (IMF). Successive governments have had little alternative to entering in funding agreement with the IMF, and coerced into adapting policies that exclude social programs targeted at helping the poor.Different leaders tried different strategies Different Jamaican leaders since 1962 have tried different strategies to solve Jamaica’s socio-economic challenges. These strategies included: the strong free enterprise system of the Hugh Shearer administration; the Democratic Socialism experiment of the Michael Manly administration; efforts to create a more technocratic, efficient public sector by the Edward Seaga administration; and efforts to drive Jamaica’s socio-economic development through inflows of foreign investment by the P.J. Patterson administration. None of these methods created long term gains, or solved Jamaica’s perennial problems of capital shortage, high unemployment and poverty.In Jamaica there has always been a need for meaningful public/private sector collaboration. Fortunately, some analysts believe there are signs this collaboration is taking place; that the incumbent government is listening to and accepting the private sector’s pivotal role in national development. This evidence is seen in areas of finance, tourism, and business development.As increase in criminal violence remain a persistent challenge, there are calls for closer private sector/government collaboration to curb this social blight. Diaspora is also responsible But, the responsibility for solving Jamaica’s challenges is not, should not, be the sole responsibility of its ruling government, private sector and the is three-million residents. One of the, if not the strongest, asset Jamaica potentially has to solve its challenges is its Diaspora. The Diaspora definitely has the capability to assist in Jamaica’s development in various ways, including investments and application of skills and experiences gained overseas. While the Diaspora joins in celebrating another Jamaican independence anniversary, it should be ready, willing to be involved in making meaningful contributions. The Diaspora has talked incessantly about assisting the homeland, but relatively little has been done. The best gift from the Diaspora to Jamaica on its 56th independence anniversary is the Diaspora’s commitment to be an integral part of the national solution. The tendency to celebrate Jamaica’s achievements on the outside should be matched by the Diaspora’s diligence in assisting to meet Jamaica’s challenges.
–By: Citi Sports Ghana’s Latif Blessing was the object of commendation from fellow Los Angeles FC player, Carlos Vela and the team’s head coach, Bob Bradley, after his display in the team’s 2-2 draw with New York City FC on Sunday in the MLS.The former Liberty Professionals forward lasted the entire duration of the tie and contributed an assist for Los Angeles’ first goal of the day which was scored by Vela in the 43rd minute.43′ | GOOAAALLLL!!!@11carlosV ties it!! #NYCvLAFC 1-1 pic.twitter.com/YciE7s7w9P— LAFC (@LAFC) March 17, 2019After the match, Vela, who scored LA’s two goals in New York, spoke highly of Blessing and what he did for the team team in the match.“Latif had an amazing game. He played really and did a great job. Last week, I said that we needed more Latifs in the team.”On his part, Bob Bradley reiterated the benefits of having a player like Blessing who would be willing to fill in at various spots when others were not available.“We have a deep team and when guys are not around, you miss them but others step up and play. For instance, I thought Latif did a fantastic job in midfield. He was full of energy and came away with loose balls and helped us in so many ways.”Blessing’s versatility has been noted by many followers of the team as a key tool going forward for the rest of the season.Were there any other Ghanaians who played in the MLS this weekend?Ebenezer Ofori was a direct opponent for Blessing and he played 49 minutes for New York City FC.Jonathan Mensah and Harrison Afful played 90 minutes for Columbus Crew in their 1-0 win over FC Dallas.Jonathan Mensah (second from left) celebrating Crew’s only goal against Dallas FC with team mates Harrison Afful (with ball) during the match against Dallas FC