Stanbic IBTC Bank (IBTC.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2012 presentation results for the half year.For more information about Stanbic IBTC Bank (IBTC.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Stanbic IBTC Bank (IBTC.ng) company page on AfricanFinancials.Document: Stanbic IBTC Bank (IBTC.ng) 2012 presentation results for the half year.Company ProfileStanbic IBTC Plc is a financial services company in Nigeria offering banking products and services for the retail, corporate, investment and wealth management sectors. The Personal and Corporate Banking division provides a full-service offering ranging from transactional accounts to residential accommodation loans, vehicle and equipment finance and instalment finance. The Corporate and Investment Banking division offers products and services for foreign exchange, fixed income and equity trading as well as transactional banking, corporate and property lending and custodial and trade finance services. The Wealth Management division provides services for investment management, pension management, portfolio management, unit trust/fund management and trusteeship services. Stanbic IBTC Holdings Plc undertakes venture capital projects and private equity investments; acts as an executor and trustee of wills and trusts; and provides agency, insurance brokerage and stockbroking services. Founded in 1989, Stanbic IBTC Holdings Plc is a subsidiary of Stanbic Africa Holdings Limited. Its company head office is in Lagos, Nigeria. Stanbic IBTC Plc is listed on the Nigerian Stock Exchange
B.O.C. Gases Plc (BOCGAS.ng) listed on the Nigerian Stock Exchange under the Energy sector has released it’s 2017 interim results for the third quarter.For more information about B.O.C. Gases Plc (BOCGAS.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the B.O.C. Gases Plc (BOCGAS.ng) company page on AfricanFinancials.Document: B.O.C. Gases Plc (BOCGAS.ng) 2017 interim results for the third quarter.Company ProfileBOC Gases Nigeria Plc manufactures and distributes gases for the industrial and medical sectors in Nigeria including argon, nitrogen carbon dioxide and oxygen. The company also manufactures and distributes welding products and sells a range of medical equipment. Established in 1959 and formerly known as Industrial Gases Plc, the company changed its name to BOC Gases Nigeria Plc in 1997. In 2006, The Linde Group AG acquired a 60% stake in the business with the balance held by Nigerian shareholders. As part of The Linde Group, BOC Gases Nigeria has access to the largest industrial gases and welding products enterprise in Africa namely African Oxygen Plc (Afrox). The company’s head office is in Lagos, Nigeria. BOC Gases Nigeria Plc is listed on the Nigerian Stock Exchange
I believe you can become a FTSE 100 Stocks and Shares ISA millionaire Enter Your Email Address 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! 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. Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has recommended Auto Trader and 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. 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. 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. Image source: Getty Images. Despite devastating world news and negative headlines bombarding us daily, I still believe you can make money in the UK stock market. Patience, discipline and hope are vital, along with the ability to choose investments carefully. With these qualities, I think you’ll have what it takes to (potentially) become a Stocks and Shares ISA millionaire.Look at some rough figures. If you start with £2k, then invest £300 a month for 40 years at an average return of around 8%, you’ll have well over £1m. Invest more and you’ll get there faster. But where should you invest?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…I’d choose the FTSE 100 as it’s home to the top 100 UK-listed companies ordered by market capitalisation, essentially the biggest 100 businesses worth the most money. A Stocks and Shares ISA makes it easy to invest in these businesses directly or through index funds. These companies include FTSE stalwarts such as Lloyds Banking Group (LSE:LLOY) with a market cap of £36bn, BP with its £89bn market cap and Vodafone Group (LSE:VOD) with a market cap of £40bn. These are each established in the heart of British consumerism but are they a good investment at today’s share prices?Challenges aheadUnfortunately, they face challenges. Lloyds depends on a prosperous economy, BP is up against climate change activists and future diminishing demand for oil and Vodafone is facing increasing costs and a slowdown in the 5G rollout.With the coronavirus outbreak spreading and stock indices falling, it’s difficult to choose stocks to buy. Until we know the extent of the impact on financial markets and businesses, many stocks may have further to fall. But this could open up buying opportunities for investors. FTSE 100 stocks I like include Aviva, The London Stock Exchange Group and Auto Trader.If you already hold a portfolio of stocks, I think it’s important not to panic-sell. The stock market has always recovered in the past, and I’m sure it will again. Also, keep your Stocks and Shares ISA balanced with a portfolio of diversified assets including equities, bonds, and index funds.Compounding richesCompounding is the secret to success in growing a million-pound portfolio through your Stocks and Shares ISA. Compounding is when you generate interest on your interest, it works on your capital, but also on your dividend income.Many FTSE 100 companies offer a reliable dividend yield. The Lloyds share price has a dividend yield of 6%, BP one of 7% and the Vodafone share price has a yield of nearly 5%.The time taken to reach millionaire status depends on your financial circumstances, the interest rate of return on your investments and the period you can afford to wait. Greed, fear and the human factorIt’s inevitable that you’ll get greedy or fearful or too focused on one sector to see the bigger picture. Even successful investors have their down days and many have experienced severe financial losses. At age 30, Charlie Munger was broke and dealing with personal heartache, but rather than wallowing in self-pity, he joined Warren Buffett at Berkshire Hathaway and became a multi-billionaire.One of their primary strategies is to focus on income over capital, reinvesting dividends and watching them compound to riches. Although capital gains are also important over the long-term, intermittent fluctuations are unavoidable along the way. But, if the focus is on income rather than capital, eventual growth should prevail. Kirsteen Mackay | Wednesday, 26th February, 2020 “This Stock Could Be Like Buying Amazon in 1997” See all posts by Kirsteen Mackay
See all posts by Rupert Hargreaves Rupert Hargreaves 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. 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. The BP (LSE: BP) share price has fallen a staggering 40% so far this year, excluding dividends. Investor sentiment towards the oil major has crumbled as the outlook for the global economy has darkened over the past six months. The coronavirus crisis has caused oil demand around the world to plunge. The price of oil has followed suit. However, after this decline, the BP share price appears cheap. As such, long-term investors might benefit from buying 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…BP share price value A few weeks ago, BP made a stunning admission. The company declared that it believes the price of oil will average $55 a barrel in the long run. That was a $20 decline from its previous forecast. Alongside this admission, BP announced that its production assets were worth nearly $18bn less than they were at the beginning of 2020 due to the lower oil price target. This revelation had a significant impact on the BP share price, and it may continue to weigh on investor sentiment for some time to come. BP now has to make some hard choices. Oil demand has slumped this year, and the world is moving away from oil and gas as fuel sources. Renewable energy is cheaper and easier to produce. What’s more, many countries are planning to invest billions in renewable energy as part of their coronavirus recovery plans. BP itself is also looking to become a net-zero emissions company by 2050. It has yet to lay out how it will reach this target. Considering all of the above, the outlook for the BP share price in the near term seems uncertain. Nevertheless, as a long-term investment, the company may be an attractive investment at current levels. Gearing up for growth BP has plenty of capital to fund its push towards net-zero. It recently raised $12bn from investors. This could be enough to cover group capital spending for a year. The company also has the potential to earn a net profit of $5bn next year, according to the City. These funds could be used to hit the green energy target. Unfortunately, this could spell the end of the market-beating 9% dividend yield on the BP share price. While this may be bad news for income seekers, by reinvesting profits back into its operations, the firm may be able to expand its bottom line. That could lead to high capital returns for investors. And with the stock trading 40% below the level at which it began the year, it looks as if the BP share price offers a margin of safety at current levels. If the company returns to growth, investor sentiment may improve, which could push the stock up.Therefore, while the near-term outlook for the business is uncertain, BP seems to have the financial flexibility to meet its net-zero goal by 2050, which could herald a new era for the company. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! BP’s share price is down 40% in 2020. Is now the time to buy? 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. Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. Rupert Hargreaves | Saturday, 1st August, 2020 | More on: BP “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address 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.
Our 6 ‘Best Buys Now’ Shares Edward Sheldon, CFA | Friday, 21st May, 2021 Yesterday, Oatly (NASDAQ: OTLY) listed on the NASDAQ via an Initial Public Offering (IPO). It was a successful listing with Oatly’s share price closing at $20.20 – about 19% above the IPO price of $17.Is Oatly a stock I should consider for my own portfolio? Let’s take a look at the investment case.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…Oatly does what?Oatly is a Swedish plant-based milk company. Founded in 1994, it’s the world’s original and largest oat milk business. Today, its products are sold in 60,000 shops and more than 32,000 coffee shops across 20 countries. At Oatly’s IPO price of $17 per share, the company had a valuation of around $10bn. However, after yesterday’s rise, the company is now valued at around $12bn.Strong growthThere are several things to like about Oatly from an investment perspective. One is the company operates in a high-growth industry. Between now and 2027, the plant-based food market is forecast to grow at about 12% per year, driven by the growing vegan population and an increasing intolerance to animal protein. This industry growth should provide tailwinds for the company. It’s worth noting the company says its total addressable market (TAM) is $600bn.Another thing that’s attractive about Oatly is its recent growth. According to its IPO prospectus, the company generated revenue of $421.4m in 2020, up 107% year-on-year. Revenue growth the year before was 73%. These figures suggest the company has momentum right now.RisksHowever, I do have some concerns about investing in Oatly stock. My first is the company isn’t yet profitable. Last year, it generated a loss of $60.4m, up from $35m the year before, on the back of investments in production, brand awareness, new markets, and product development.The fact the company has been around for over 25 years and still isn’t making any money is a concern, in my view. We’ve seen recently that the stocks of unprofitable companies can be crushed in a sell-off.Secondly, I expect competition in this space to be intense in the years ahead. Already, there are a number of oat milk products on the market. Brands operating in this space include Alpro, Califia Farms, Innocent, Rude Health, and Quaker. Oatly tends to get good reviews but there are certainly other good products.Consumer goods giants such as Unilever and Nestle could pose a threat too as they’re now moving into the plant-based food arena. Is Oatly’s brand powerful enough to protect its market share? I’m not so sure at this stage.Finally, there’s the valuation. As mentioned, Oatly has a market-cap of about $12bn. This means its trailing price-to-sales (P/S) ratio is about 28. If sales were to double this year, its forward-looking P/S ratio would be about 14.These valuations seem high, to my mind. It’s worth noting that Beyond Meat generated roughly the same level of sales as Oatly last year but has a market-cap of $6.8bn – about 40% lower. CNBC’s Jim Cramer described Oatly’s valuation as “ridiculous” yesterday.Oatly stock: my move nowWeighing everything up, I won’t be investing in Oatly for now. I think the risks outweigh the potential rewards. In my view, there are better stocks I could buy. Simply click below to discover how you can take advantage of this. Like this one… “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images 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. Edward Sheldon owns shares in Unilever. The Motley Fool UK owns shares of and has recommended Beyond Meat, Inc. The Motley Fool UK has recommended Unilever. 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 Should I buy Oatly shares after the IPO? 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 Edward Sheldon, CFA 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!
Follow the news on Turkey TurkeyEurope – Central Asia Receive email alerts April 28, 2021 Find out more February 3, 2011 – Updated on January 20, 2016 Death threats to Hrant Dink author Help by sharing this information RSF_en Human rights groups warns European leaders before Turkey summit News News April 2, 2021 Find out more to go further Organisation Reporters Without Borders is alarmed by the death threats received by the journalist Adem Yavuz Arslan linked to the publication of his book on the circumstances surrounding the killing of journalist Hrant Dink. Since his book “There is this Armenian: the secrets of the Dink operation” appeared on 17 January this year he has received several threatening phone calls. On 26 January he was sent at his office an envelope containing four Kalashnikov bullets and a white beret, a reference to that worn by Ogün Samast, who is charged with the murder of Hrant Dink. Columnist and editor of the daily Bugün in Ankara, Arslan told the official radio station TRT: “I am not afraid of anyone. If my last day has arrived, well, that’s fate. But if I am threatened it’s because I am on the right track.”But, he added “with this package the threats have taken on a new dimension that’s why we have asked for the protection of the security forces.” “It is particularly worrying to see that all the writers who have tried to add elements on the murder of Hrant Dink have run into trouble in one way or another”, Reporters Without Borders says.“Between the prosecutions undertaken against Nedim Sener* or Kemal Göktas**, and the threats against Adem Yavuz Arslan, it seems that the people who ordered the killing and their backers are trying to discourage any attempt to shed light on it”, the press freedom campaign said.“That also means that Adem Yavuz Arslan, Nedim Sener and Kemal Göktas probably uncovered clues leading to those really responsible. It is time that the Turkish justice took into account these elements to find and put on trial those guilty of the killing.”Reporters Without Borders said the authorities should guarantee the protection of these journalists who have had the courage to carry out a real work of inquiry.“Light must be shed on the murder of Hrant Dink, even if it implicates the highest levels of the apparatus of the Turkish state. Four years after his death international opinion and Turkish civil society still demand that he be given justice.”In his book Arslan questioned the role of Satilmis Sahin, a non-commissioned officer at the gendarmerie in Trabzon, where the execution of Hrant Dink was allegedly planned. The day before the killing he had been sent to the Bayrampasa district of Istanbul, where Ogün Samast was then living, officially to help with the transfer of a prisoner.On 19 January 2007 he was in the district of Sisli, some 500 meters from the scene of the crime at the moment it was committed. It is also alleged that the presumed killer Ogün Samast had acquired a weapon from Ahmet Faruk Aydogdu, another non-commissioned officer and a friend of Sahin.Finally, Sahin, who knows most of those accused, is also close to the roommate of Erhan Tuncel, the alleged organizer of the crime. Arslan believes that these facts cannot amount to coincidences and seem to confirm the implication of Trabzon officers in the crime.The Association of Turkish Journalists (TGC) has condemned the threats against Arslan and called on the authorities to identify their source and take all steps to guarantee the right of citizens to be informed.In another development, on 26 January President Abdullah Gül announced that he would not hesitate to put the State Supervisory Council to work if the case falls under the Council’s juridiction. “I will not allow there to be dysfunctions in the framework of the trial. If it is within the power of the Council to act, I shall not hesitate. He was killed in front of everyone. If there are dysfunctions, it is shameful,” he said.More than 10,000 people took part in demonstrations in Istanbul on 19 January to protest against the impunity which has been the rule for the last four years in the case of the murder of Hrant Dink. This year the Turkish media and demonstrators have questioned more openly the responsibility of the state. On 19 January newspapers took up these accusations and condemned the slowness of the judicial process. The daily Taraf quoted on its front page Rakel Dink, the widow of the journalist : “The state had him killed and now it protects them.” Radikal’s headline was: “He is still on the ground.”The next hearing will take place on 7 February. * The Dink murder and Intelligence Lies and Red Friday: Who broke Dink’s pen?** The murder of Hrant Dink: Media, Judiciary and the State. Turkey’s never-ending judicial persecution of former newspaper editor Journalists threatened with imprisonment under Turkey’s terrorism law News News TurkeyEurope – Central Asia April 2, 2021 Find out more
70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Google+ By News Highland – January 15, 2013 Strabane suspicious device declared a hoax News LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Guidelines for reopening of hospitality sector published Google+ Pinterest RELATED ARTICLESMORE FROM AUTHOR Need for issues with Mica redress scheme to be addressed raised in Seanad also The object that lead to the closure of the Lifford Bridge last evening has been declared a hoax.The was major disruption in Strabane following the discovery of the device whch lead to an area of Bradley Way being sealed off.Army bomb disposal officers carried out a controlled explosion on a suspicious object which has now been taken away for further tests.Traffic restrictions have now been lifted. WhatsApp WhatsApp Previous articleGarda awarded €45,000 after fatal Donegal car crashNext articleBan on gaming licenses to remain in Letterkenny News Highland Facebook Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Minister McConalogue says he is working to improve fishing quota Twitter Twitter Pinterest
Janice McDonald/ABC News(NEW YORK) — Despite concerns of voter suppression, election turnout in North Dakota’s two most populous Native American counties spiked to its highest levels since at least 2010 and some precincts reported record turnout, according to local election officials and data from North Dakota’s Secretary of State.In Rolette County, a precinct at the heart of the Turtle Mountain Reservation, 2,136 people voted. Local officials say it is the highest election turnout ever. Data from the Secretary of State’s office showed turnout rose 50 percent higher than 2016 levels. Similar numbers were reported in Sioux County, home of the Standing Rock Reservation.On Election Day, a group of 70 young Native American voters in Belcourt, the largest city on Turtle Mountain, marched to the polls while carrying signs reading “don’t disenfranchise us” and chanting “North Dakota, you can’t do that.”Across the state, there was little to no issue with new tribal IDs being accepted at the polls or voters being turned away at precincts on or near reservations.Jamie Azure, tribal chairman of the Turtle Mountain Band of Chippewa, told ABC News that he believed the voter ID court fight and the ensuing response would motivate Native American voters about the importance of voting.“They have woken a sleeping giant,” he said.Native American tribal leaders and voting rights activists had raised concerns about elections after the Supreme Court allowed North Dakota to proceed with its strict voter identification law. It requires voters show proof of a residential street address but many voters on the mostly rural reservations only had post office box addresses.Tribal leaders accused the state of trying to suppress Native American votes, with all four tribes banding together after the Supreme Court’s action to put out a statement condemning the “suppressive” voter ID law. Activists said the push for tighter voter ID laws came from a desire to block Native Americans, who largely back Democrats, from casting ballots.In the weeks following the court’s decision, tribes rushed to print new IDs and create addresses for voters. Since the Supreme Court’s action on Oct. 9th, North Dakota’s four largest tribes printed more than 3,500 new IDs.The Spirit Lake Tribe sued the Secretary of State’s office for emergency court action to block the law’s implementation on and near reservations after the office repeatedly offered varied and often non-committal answers about whether the new IDs would be accepted at the polls. The tribe lost in federal court.Courtney Yellow Fat, a tribal council member for the Standing Rock Sioux Tribe, told ABC News before the election, that the law represented a clear effort at blocking Native Americans from helping Democratic Sen. Heidi Heitkamp win re-election.“After the election of Senator Heitkamp is when a lot of this came up through the legislature. And to us it’s clearly suppression of our votes,” Yellow Fat said.On Tuesday, Heitkamp ultimately lost her re-election bid to Republican Kevin Cramer by more than 10 points, but the high Native American turnout still helped her gain votes. She won both Rolette and Sioux counties with more than 80 percent of the vote and won with more Democratic votes and higher margins in both counties than in her first victory in 2012.Copyright © 2018, ABC Radio. All rights reserved.
Related posts:No related photos. Previous Article Next Article Comments are closed. TheGovernment must begin to simplify complex taxation rules and legislation aroundpensions or face more firms abandoning occupational schemes.Thatis the message from a major new pensions survey of 559 engineering employers.Itshows the majority of employers want to continue offering pension schemes butfinancial and legislative pressures are forcing closures.DavidYeandle, deputy director of the Engineering Employers Federation said decliningstock market returns, minimum funding requirement and introduction of FRS17have put huge pressure on final salary schemes.Hewarned that pension rules were too complex and called on the Government toaddress the whole issue of pensions in its forthcoming Green Paper.”TheGovernment should be making pensions more understandable and attractive. Thisis a long-term problem and we need to get a consensus on the future of pensions.”Thekey message is that engineering firms are still interested in providing schemesfor staff, but are suffering financial problems that makes it difficult.” Thesurvey shows more than 200 companies have closed final salary schemes to newstaff – the majority in the last three years.Afurther 54 firms have closed final salary schemes to existing staff and therewas also a considerable acceleration since 1999.www.eef.org.ukByRoss WighamMainfindings of the EEF survey–Defined benefit or final salary schemes are still the most common provision,but money purchase schemes have increased since 1998–The rate at which employers are closing pension schemes or reducing benefitshas accelerated rapidly in the last three years–The main reason for offering a pension was ’employee welfare’–Minimum Funding Requirement and rising costs are main reason for closing finalsalary schemes –Nearly three-quarters said all employees should make a compulsory minimumcontribution of between 4 and 6 per cent Red tape is threatening pensions say engineersOn 10 Dec 2002 in Personnel Today