Warburtons has reported a 52% increase in operating profit after diversifying and expanding its range.The family-owned north-west bakery saw its turnover rise by 7.3% to £562.1m in the year to 28 September 2013.While faced with an 8.5% rise in the cost of raw materials – resulting from a jump in the price of wheat – the company still saw profits increase to £33.9m.The Bolton-based company attributes this success to the introduction of sandwich alternatives, such as wraps and sandwich thins, which have provided the biggest line of growth.In the directors’ report, chairman Jonathan Warburton said: “The Warburtons business has continued to focus on the quality of product and service in order to maintain differentiation in what continues to be a very competitive market.“Investment is focused on enhancing our capability to meet changing consumer trends. This focus on meeting customer needs continues, in order to ensure we are well-placed to progress in the future.”“We will remain committed to growth and diversification and continue to invest in our people, innovation and infrastructure, as well as in new growth areas, such as our free-from business.”The company, owned by the fifth generation of the family, has 12 bakeries across the country and, in March, was granted permission for a £20m revamp of its Burnley site, which will make wraps and sandwich thins.
Alecta reported that the group solvency ratio, however, was down year-on-year at 162% in this year’s first quarter, compared with 169% in the first quarter of 2018.When asked if Alecta planned to make any changes to its portfolios in light of these recent results, Sterte told IPE: “We are not planning to make any major changes, but we are gradually increasing our exposure towards real investments.”The five-year average return for the fund’s DC pension product is now 7.7% and for its DB product the average stands at 6.1%.Assets under management grew to SEK761bn (€72.4bn) for DB pensions by the end of March from SEK734bn at the end of December, and to SEK115bn from SEK95bn for DC. Sweden’s largest pension fund, Alecta, has published strong returns in the first quarter of 2019 for its defined contribution (DC) and defined benefit (DB) pension products.According to a report on its key figures for January to March, the fund’s DC product, Alecta Optimal Pension, generated a positive return of 8.1%, compared with -3.5% for the whole of 2018. Its DB product returned 5.6%, compared with -2% last year.Hans Sterte, CIO at Alecta, told IPE: “We have seen very strong returns from equites, which are up 13 percent this first quarter, on the back of softer monetary policy stance from the Fed and other central banks.”In the middle of the first quarter, the US Federal Reserve (Fed) — which has been raising interest rates in the second half of 2018 — said in a report that it would be patient as it determined what level of interest rates could be appropriate to support the economy. In March it said it anticipated no hikes for the rest of 2019 and only one more in 2020.
EUNICE, N.M. (March 25-26) – Sam Hodges and Jordan Lathram were the big winners at Cardinal Speedway’s season-opening doubleheader.So was St. Jude’s Children’s Research Hospital.Hodges won Friday and Saturday night features for IMCA Sunoco Hobby Stocks. His $500 in winnings – $200 from opening night, $300 from night two – didn’t stay in the bank long as the former Cardinal promoter called St. Jude’s on Monday to donate the full amount toward children’s cancer research.“This is the time last year I was diagnosed with colon cancer. I raced opening night in a SportMod, then had surgery and spent the rest of the season as a spectator,” he explained. “I made a deal with the Lord that he saved me and I’d help save somebody else.”“I’m going to donate all the money I win this season,” continued Hodges. “I’ve been good for a year now. Every day is a bonus.”(The St. Jude’s website is www.stjude.org).Hodges won from fourth starting on Friday, ahead of Errick Rogers and Gerald Spalding Jr., and from seventh on Saturday, battling both the cold and a dirt storm. Spalding was second and third went to Kenneth Seay.Lathram also had two wins to show for the weekend at Eunice, in the IMCA Sunoco Stock Car division.He drew the Friday pole and checked out in a contest that race 20 laps caution-free. Lathram started outside row one on Saturday and led just the last five circuits. The victories came in his third and fourth starts in a new Medieval Chassis.“I went straight to the top of the track on Friday. We had the setup right on point from the start,” he said. “We tightened it up a little for the feature on Saturday.”Mark Lord and Carbie McClearen rounded out Friday’s top three. Dustin White was runner-up and Colin Deming ran third on Saturday.Neal Flowers was first in the opening night feature for Xtreme Motor Sports IMCA Modifieds, ahead of Toby Herring and Dean Deming.Herring collected the Saturday checkers in front of Jerry Harpole and Cory Davis.Scoggin-Dickey Parts Center Southern SportMod winners were Dustin Robinson and Cory Williams.Following Robinson to the Friday finish were Tanner Houston and Williams. Brandon Ross was second and Chance McDaniel ran third on Saturday.March 25 Feature ResultsModifieds – 1. Neal Flowers; 2. Toby Herring; 3. Dean Deming; 4. Butch Reid; 5. Cory Davis; 6. Caleb Stone; 7. Roy Don Mason; 8. Danny Lee; 9. Jim Boutelle; 10. Randy Knott; 11. Jerry Harpole; 12. Steve Owens; 13. Jaime Newton.Stock Cars – 1. Jordan Lathram; 2. Mark Lord; 3. Carbie McClearen; 4. Colby Deming; 5. Dillon Hill; 6. Justin Thomas; 7. Jeremy Wooley; 8. Colin Deming; 9. Shawn McCarty; 10. Brian Ray Flowers; 11. Jack Miles; 12. J.D. White; 13. Dustin White; 14. Walter Freeman; 15. Aaron Corley; 16. Cody Stone; 17. Hunter Russell; 18. Will Sheen; 19. Michael Therwhanger; 20. Jake White; 21. Curtis Davis; 22. Cary White.Hobby Stocks – 1. Sam Hodges; 2. Errick Rogers; 3. Gerald Spalding Jr.; 4. Kenneth Seay; 5. Ryan Wilkerson; 6. Jon McGowan; 7. Halie Brown; 8. Gerald Spalding Sr.; 9. Wayne Chadwell; 10. J.R. Patman; 11. Shawn Miles; 12. Larry Deaton; 13. Clint Day; 14. Lee Yeley; 15. Patrick Hill; 16. George Ross; 17. Wesley Mayer; 18. Ricky Yeley; 19. Shawn Wright; 20. Dakota Sikes.Southern SportMods – 1. Dustin Robinson; 2. Tanner Houston; 3. Cory Williams; 4. Rodger Pierce; 5. Chance McDaniel; 6. Brantley Beatty; 7. J.P. Vasquez; 8. Alec Smith; 9. Junior Dosher; 10. Brandon Ross; 11. Brannon Davis; 12. Kyle Lathram; 13. Brandon Davis; 14. Brian Heard; 15. Justin Lathram; 16. Trey Sims; 17. Roger Armstrong; 18. Kenneth Graves; 19. Rickey Beard; 20. Heath Herrington.March 26 Feature ResultsModifieds – 1. Herring; 2. Harpole; 3. Davis; 4. Stone; 5. Lee; 6. Deming; 7. Mason; 8. Reid; 9. Mike Amadore; 10. Flowers; 11. Knott; 12. Newton; 13. Owens; 14. Owen Puckett; 15. Boutelle; 16. Teddy Taylor.Stock Cars – 1. Lathram; 2. Dustin White; 3. Colin Deming; 4. Hill; 5. Flowers; 6. Colby Deming; 7.Wooley; 8. Miles; 9. Jake White; 10. McCarty; 11. McClearen; 12. Stone; 13. Therwhanger; 14. Russell; 15. J.D. White; 16. Thomas; 17. Freeman; 18. Cary White; 19. Davis; 20. Corley; 21. Lord.Hobby Stocks – 1. Sam Hodges; 2. Gerald Spalding Jr.; 3. Seay; 4. Michael Maraschick; 5. Sikes; 6. Larry Yeley; 7. Rogers; 8. Wilkerson; 9. Gerald Spalding Sr.; 10. Mayer; 11. Brown; 12. Chadwell; 13. Miles; 14. Lee Yeley; 15. Patman; 16. Deaton; 17. Hill; 18. Ashton Hayes; 19. Day; 20. Derrick Thomas; 21. Wright; 22. Cody Hodges; 23. Cameron Fehr; 24. Ross.Southern SportMods – 1. Williams; 2. Ross; 3. McDaniel; 4. Rodger Pierce; 5. Robinson; 6. Vasquez; 7. Smith; 8. Kyle Lathram; 9. Tyler Cook; 10. Jim Pierce; 11. Kyle Singleton; 12. Brandon Davis; 13. Sims; 14. Beatty; 15. Meriah Parke; 16. Tim Welch; 17. Houston; 18. Kenneth Graves; 19. Herrington; 20. Beard; 21. Joel King; 22. Billy Beckham; 23. Travis Graves; 24. Dosher; 25. Heard.
LOS ANGELES — In the end, it came down to a body of work. Small forward Sam Dekker had one and power forward Brice Johnson didn’t. The Clippers picked up the fourth-year option on Dekker’s contract before Tuesday’s deadline, but they didn’t pick up the third-year option on Johnson’s deal.Dekker is due to make about $2.7 million in 2018-19, a $1 million raise over this season.Johnson would have made about $1.5 million next season, a bump of about $200,000 from this one. Johnson remains with the Clippers, but will become an unrestricted free agent at season’s end. He’ll be able to sign with any team in the NBA, including the Clippers, after the negotiating period begins July 1.“Difficult decision,” Clippers president of basketball operations Lawrence Frank said Wednesday. “We still think Brice is a talented player. There wasn’t a great body of work due to some difficult circumstances, obviously, with the back injury. This year, we have great depth at his position. “Last year, he was a rotation player,” Frank said of Dekker. “We saw that. He has a little bit more of a body of work and there’s a little bit more evidence there. Sam plays a position of great need. Sam plays the three (small forward) where Brice plays the four (power forward).“Basically, having seen a little bit more of (Dekker), we felt it was the right move to do.”TEODOSIC UPDATEInjured guard Milos Teodosic began wearing a walking boot, ditching his self-propelled scooter. Teodosic remains sidelined indefinitely because of a plantar fascia injury in his left foot. Frank said Teodosic was “making progress” but the timetable for his return to the court remained “indefinite.”“That’s one of those injuries where you’ve got to let your body tell you when you’re ready,” Frank said of Teodosic’s injury, which happened when he stepped on the foot of Phoenix Suns guard Devin Booker in an Oct. 21 game. “But everything is trending in a positive direction.”STATUS QUOFrank said the Clippers weren’t seeking to sign another guard or add a 15th player to their roster. Rookie guard Jawun Evans has replaced Teodosic on the active roster and made his NBA debut during the Clippers’ 28-point loss Monday to the Golden State Warriors.“You have to look at it as, are you adding a body just to add a body or are you adding someone who can make a difference?” Frank said of sticking with a 14-man roster. “And are you adding someone who is better, whether it’s here or in the G League?” “We still believe in Brice and we’re still going to devote a lot of time and resources to him, but we wanted to optimize our flexibility next year and we still maintain the ability to re-sign him using different tools. … We just chose flexibility.”Frank said Johnson expressed disappointment, but wasn’t surprised.“We put all our cards on the table,” Frank said. “It’s a natural reaction.”Johnson played only three games as a rookie with the Clippers last season, after they made him a first-round draft pick (25th overall) from North Carolina in 2016. He suffered a herniated disk in his back during an exhibition game and missed 56 games last season.Dekker was in a similar position in his rookie season, after the Houston Rockets picked him in the first round of the 2015 draft (18th overall) out of Wisconsin. Dekker injured his back, underwent surgery and played only three games in 2015-16. The Clippers acquired him in the Chris Paul trade. Newsroom GuidelinesNews TipsContact UsReport an Error
Authorities are reporting that a Florida man claimed that he attempted to break into a home because his horse got into the homeowner’s yard.The incident occurred Thursday at a home in Pasco County.The homeowner identified as Steve Ferguson told authorities that he caught the suspect, Lonnie Maddox, breaking into his home and confronted him. Maddox told Ferguson that it was actually his horse who broke into the home and that he was only trying to get her.When authorities arrived, Maddox then told them that the horse wandered into Ferguson’s yard through a broken fence so he went after it. Once inside the yard Maddox says he became curious about the inside of the home because he was considering renting it.Surveillance video from the home shows Maddox walking around the home with the horse. Maddox then tries to get into the home through the front door but when he was unsuccessful, he then breaks a window.Authorities found the horse several blocks away from the home but it was later discovered that the horse did not belong to Maddox.The horse has since been returned to it’s rightful owner while Maddox was taken into custody and charged with burglary of a dwelling.