United Kingdom : Ppf Selects New Cio, Head Of Restructuring And Insolvency [tendersinfo (india)]

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Keywords: By LANANH NGUYEN & LAURA HURST LONDON (Bloomberg) — Ineos Group Holdings is shutting the 210,000 bpd Grangemouth oil refinery and petrochemical site before a strike this weekend that could halt 45 % of the United Kingdoms crude production. The company is progressively stopping units before a 48- hour industrial action planned by Unite union workers, scheduled to begin on October 20. Were currently going through a safe shutdown of the site, Richard Longden, a spokesman for Ineos, said by phone from London. The units will be brought to a cold status by the time the strike action starts. Grangemouth workers held a two-day strike in April 2008 that cut North Sea oil output and disrupted fuel supplies across Scotland. The site supplies power and steam to BP’s neighboring Kinneil processing plant, which handles oil from the companys Forties Pipeline System gathered from more than 80 offshore fields. FPS is scheduled to load 387,000 bpd of crude in October, according to a shipping program obtained by Bloomberg news. Union representatives and Ineos will meet for talks mediated by the United Kingdoms Advisory, Conciliation and Arbitration Service after discussions ended without resolution, Unite said in a statement. The discussions are scheduled in Glasgow, Scotland, according to the United Kingdom Department of Energy and Climate Change. Forties Output Were in touch with Ineos to establish the possible impact of the shutdown, Robert Wine, a London-based spokesman for BP, said by phone. Operations at the Kinneil plant will depend on the outcome of negotiations between Ineos and the union, he said. Forties output averaged 382,000 bpd this year, according to loading programs obtained by Bloomberg News. The United Kingdoms average crude production was 850,000 bpd this year, data from the International Energy Agency show. Forties is the most abundant of four crude grades that make up the Dated Brent benchmark used to price more than half the worlds crude. The others are Brent, Oseberg and Ekofisk. We have been monitoring the situation very closely, Cameron Ramos, a spokesman for the Department of Energy and Climate Change, said by phone from London.

Alcoholic Drinks in the United Kingdom: New Research Report Available at Fast Market Research

In June 2013, Barry Kenneth, who will become the new CIO and will supersvise the PPF’s investment portfolio, which is presently over 13bn. Kenneth joins the PPF from Morgan Stanley, where he is managing director and head of UK fixed income institutional and pensions coverage. PPF’s executive director of financial risk, Martin Clarke, said: “Our investment portfolio has become increasingly sophisticated and has received considerable industry recognition for its innovation and performance. We believe that Barry will bring to the PPF the expert knowledge and extensive experience needed to build on that success. “Barry will have a crucial part to play in developing PPF’s investment function, to help make sure we continue to pay compensation to our members for as long as they need it and achieve the PPF’s target of securing financial self-sufficiency by 2030.” Kenneth said: “I am looking forward to contributing to the organisation’s further success while playing an important part in providing real security to millions of pension scheme members. At present, Weir is the head of corporate insolvency at Barclays Corporate. Favier will be stepping down in July 2013. Nearly, 1.4bn in recoveries has been alloted by PPF, since it commenced in 2005. Clarke said: “This is a complex and important part of our business which is aimed at minimising the impact on levy payers of schemes entering the PPF. “Favier, who has been with us since the beginning, has played a crucial role in the success of the organisation and we wish him well for the future. We believe that Weir is the ideal replacement, bringing the right level of expertise, knowledge and experience to the role. We look forward to him joining us.” Favier said: “My time at the PPF has been busy, interesting and challenging, to say the least. It was a difficult decision to stand down from my role here but I am sure that Weir will continue the good work. The PPF is an important organisation and it has been a real privilege to play a small part in providing vital protection for PPF members.” (c) 2013 Euclid Infotech Pvt.

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Sales of alcoholic drinks were restrained in 2012 as consumer confidence had yet to pick up. On-trade consumption continued to suffer as most consumers cut back on costs and focused on at- home entertainment due to it being cheaper. Off-trade volume consumption grew in many areas, largely as a result of price promotions, with value sales growth being somewhat… Euromonitor International’s Alcoholic Drinks in United Kingdom report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2008-2012), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market – be they legislative, distribution or pricing issues. Forecasts to 2017 illustrate how the market is set to change. Product coverage: Beer, Cider/Perry, RTDs/High-Strength Premixes, Spirits, Wine. Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data. Reasons to Get This Report – Get a detailed picture of the Alcoholic Drinks market; – Pinpoint growth sectors and identify factors driving change; – Understand the competitive environment, the market’s major players and leading brands; – Use five-year forecasts to assess how the market is predicted to develop. About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world’s top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget.

Ineos shutting Scottish refinery; may cut 45% of United Kingdom oil output

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