Connect with us

Top Stories

adi Group Employees Scale Three Peaks Heights Raising £8,000 for Heart Research UK

Published

on

adi Group Employees Scale Three Peaks Heights Raising £8,000 for Heart Research UK-1

The Three Peaks Challenge is not to be taken lightly. Tackling Ben Nevis in the Scottish Highlands, Snowdon in North Wales and Scafell Pike in the Lake District, all inside 24 hours, takes steel, determination and not a little planning and coordination.

With the prospect of raising vital funds for Heart Research UK in front of them, 13 employees from the Birmingham based multidisciplinary engineering firm, adi Group, were undaunted. And, in under 23 hours, one less than the target 24, all 13 completed the feat on Saturday 23rd June and raised over £8,000 for Heart Research UK in process.

An intrepid group of Ritchie Webb, David Barnes, Lee Price, Brian Imrie, Simon Cleaver, Duncan Honeysett, Shaun Johnson, Stuart Anderson, Steve Emery, Jordan McMillan, Sam Scott, Kyle Sterry and Charles Baker, scaled all three peaks and inspired their colleagues Claire Rowley, Suzanne Burton, Kieren Kirwan and Dave Waldron to join them for the Snowdon leg of the climb.

adi Group Employees Scale Three Peaks Heights Raising £8,000 for Heart Research UK-2

The marathon undertaking saw the adi team walk a total of 26 miles (42km) and climb 3,000 metres (9,800 feet) but, with approximately 462 miles between the three mountains, the feat would have been almost impossible without 10 hours of driving assistance from Gary Bailey, Kyle Sterry, Charles Baker, Dan Walker, Pete Watson and Roy Downing, who should all take great credit for their commitment to the team fulfilling their objective.

After the team completed their mammoth task, a breathless Lee Price was awestruck. “We have some breathtaking landscape throughout the UK and the challenge gave us the opportunity to see it from the highest points. Nothing can prepare you for the Three Peaks. It’s an amazing experience and one I never thought I could complete.

But the culture of adi is one of teams, support and encouragement, something the climbers on this challenge all needed at some point. Without that familiar voice saying ‘it’s not far now’, we would have certainly not made such an impressive time.”

So impressed were adi Group senior management that they pledged to double the final amount raised from the firm’s own pocket, with Heart Research UK, long standing beneficiaries of adi Group’s charity work, now set to enjoy a boost of over £8,000 that can be used to help hearts up and down the UK.

adi Group Employees Scale Three Peaks Heights Raising £8,000 for Heart Research UK-3

Ritchie Webb, Managing Director of adi’s Automotive Service division and the organiser of the event, said, “This was a real team effort. From the climbers to the support drivers, who drove 450 miles in 10 hours, to our supporters and those who donated, thank you to everyone who helped us complete this mountainous challenge. adi Group is always incredibly proud to raise money for Heart Research UK.”

Barbara Harpham, Chief Executive at Heart Research UK, said of the achievement, “adi Group has been brilliant, raising so much money for us over the years through football tournaments and marathons. This challenge really is the pinnacle, though! Well done to everyone.”

Heart Research UK is a fantastic cause doing great work in an important area that touches so many of our lives. In support of that work, the adi team set up a JustGiving page and donations, large or small are still being gratefully received. To donate just visit https://www.justgiving.com/fundraising/adi-group-three-peaks-challenge.

Top Stories

England soccer star Rashford nets younger buyers for Burberry

Published

on

England soccer star Rashford nets younger buyers for Burberry 1

By Sarah Young

LONDON (Reuters) – Burberry stuck to its full-year goals on Wednesday after a media campaign fronted by high-profile English soccer star and social justice advocate Marcus Rashford drew a younger clientele to the British luxury brand.

Higher full-price sales would boost annual margins and Asian demand remained strong, Burberry said, while warning that it could suffer more sales disruption from COVID-19 lockdowns.

Manchester United striker Rashford, 23, has won plaudits for his campaign to help ensure that poorer children do not go hungry with schools closed during the pandemic.

A first coronavirus wave last year cut Burberry’s sales by as much as 45% before a bounce back on strong demand in mainland China and South Korea, which continued in the last few months.

Shares in Burberry were up 5% to 1,825 pence at 0905 GMT, with Citi analysts saying that improved sales quality from fewer markdowns would drive full-year consensus upgrades.

Burberry’s 9% sales decline in its third quarter was worse than the 6% fall in the second, and the company said that 15% of stores were currently closed and 36% operating with restrictions as a result of measures to curb COVID-19’s spread.

“We expect trading will remain susceptible to regional disruptions as we close the financial year,” Burberry said, adding that it was confident of rebounding when the pandemic eases given the brand’s resonance with customers.

In the third quarter, comparable store sales in Europe, the Middle East, India and Africa declined 37%, hit by shops shut in lockdowns and a lack of tourists visiting Europe, but in the same period, it posted sales growth of 11% in Asia Pacific.

Burberry said that Britain’s new relationship with the European Union would cause headwinds, warning of a modest increase in costs to comply with new rules and also the impact of an end to a scheme for VAT refunds for non-EU tourists.

This would make Britain a less attractive destination for luxury shopping when tourism returns after the pandemic, Burberry said, adding that it would try to mitigate the effect.

(Reporting by Sarah Young; Editing by Kate Holton, James Davey and Alexander Smith)

Continue Reading

Top Stories

Alibaba’s Jack Ma makes first live appearance in three months in online meet

Published

on

Alibaba's Jack Ma makes first live appearance in three months in online meet 2

SHANGHAI (Reuters) – Alibaba Group founder Jack Ma met 100 rural teachers in China via a live video meeting on Wednesday morning, in the businessman’s first appearance since October, triggering a sharp jump in the Hong Kong listed shares of the e-commerce giant.

Social media speculation over the whereabouts of China’s highest-profile entrepreneur swirled this month after news reports that he missed the final episode of a TV show featuring him as a judge, amid a regulatory clampdown by Beijing on his sprawling business empire.

Ma had not appeared in public since Oct. 24, where he blasted China’s regulatory system in a speech at a Shanghai forum that set him on a collision course with officials, leading to suspension of a $37-billion IPO of Alibaba’s financial affiliate Ant Group.

Tianmu News, a news portal under Zhejiang Online, which is backed by the provincial Zhejiang government, first reported that Ma had met with the teachers via a live video conference on Wednesday.

The Jack Ma Foundation said that Ma participated in the online ceremony of the annual Rural Teacher Initiative event on Wednesday. Alibaba Group also confirmed that Jack Ma attended the online event.

Alibaba’s Hong Kong-listed shares jumped more than 6% after the reports of his reappearance, compared with a 0.64% rise in the Hang Seng index.

Ma’s public appearance comes as Alibaba plans to raise at least $5 billion through the sale of a U.S. dollar-denominated bond this month. Reuters reported the bond proceeds could reach $8 billion, which the e-commerce leader was likely to use for general corporate expenditure.

Alibaba is also the target of an antitrust investigation launched last month by Chinese authorities, who have in recent months accelerated a crackdown on anticompetitive behaviour in China’s booming internet space.

In the 50-second video, Ma, dressed in a navy pullover, spoke directly to the camera from a room with grey marble walls and a striped carpet. It was not clear from the video or the Tianmu News article where he was speaking from.

He addressed teachers receiving the Jack Ma Rural Teachers Award, who in previous years would have attended a ceremony organised by the Jack Ma Foundation in the Chinese seaside city of Sanya.

“We cannot meet in Sanya due to the epidemic,” he said in the speech, which did not discuss his whereabouts. “When the epidemic is over, we must find time to make up for everyone’s trip to Sanya, and then we will meet again!”

Xie Pu, founder of Chinese tech website Techie Crab, said the media and public had over-interpreted Ma’s move to lay low and that his step away from the public spotlight should not have been seen as a problem for Alibaba.

“We shouldn’t over-interpret his reappearance into public view this time, said Xie Pu, founder of Chinese tech website Techie Crab. “Alibaba still has a good governance structure — there are partners and a board of directors.”

(Reporting by Brenda Goh in Shanghai, Kane Wu and Sumeet Chatterjee in Hong Kong, Yingzhi Yang in Beijing; Editing by Tom Hogue and Gerry Doyle)

Continue Reading

Top Stories

ComplyAdvantage Releases State Of Financial Crime Report For 2021

Published

on

ComplyAdvantage Releases State Of Financial Crime Report For 2021 3

Designed as an must-have strategic roadmap for compliance teams, the comprehensive report covers financial crime insights related to fraud, cyber, and money laundering, the rise of crypto,

and the ever-changing sanctions landscape

ComplyAdvantage, a global data technology company transforming financial crime detection, today announced the availability of the firm’s much anticipated report The State Of Financial Crime 2021 Designed as a strategic guide for global compliance teams, the report lays out the many emerging threats that governments and financial institutions will face in 2021, along with prescriptive recommendations for implementing best compliance practices for combating financial crimes.

The research on which The State Of Financial Crime 2021 report is based was administered in November and December 2020. Interviews were conducted with 600 C-suite and senior compliance decision makers across North America, Europe, and Asia Pacific. The respondents represented enterprise banking, investments, crypto, insurance organizations, and fintechs.

One of the biggest challenges that compliance teams face is keeping current on the rapidly evolving regulations, and the advances of criminal behavior while balancing their organizations’ risk appetite.   Risk indicators are also becoming harder to spot as the amount of information available grows exponentially and the speed of change gathers pace.  This is why ComplyAdvantage has dedicated the company’s resources and  anti-money laundering (AML) expertise in order to help compliance executives mitigate regulatory risks related to the most extreme AML financial crimes.

The State Of Financial Crime 2021 delves into the most important financial crime trends that Compliance Officers are most concerned with in the coming year.  Specifically, these trends include increased fraud related to COVID-19 relief; risk vulnerabilities related to inconsistencies in global AML and counter financing of terrorism (CFT) system; the growth in sophistication of computer and mobile-enabled cybercrimes via payment systems; the continued use of sanctions as a tool of first resort and more.

A sample of key insights from the report include:

  • SARs filing was on the rise with 74% of respondents saying they filed more SARS in 2020 than the previous year
  • 93% of respondents stated that real-time AML risk data would improve their compliance operations
  • Cybersecurity and third party risk management were noted as organizations’ biggest compliance-related pain points in 2020. With 54% of respondents ranking cybersecurity as a top pain point.
  • 62% of respondents plan on upgrading their legacy systems in 2021.
  • 54% of respondents plan on replacing or upgrading their transaction monitoring system in 2021.

“Due to the massive economic, political and social disruption brought about by COVID-19, international crime syndicates, rogue nations, global terrorists and cyber-criminals have become increasingly more aggressive, “said Charles Delingpolefounder and CEO of ComplyAdvantage.  “Therefore, we felt it was imperative to prepare Compliance Officers and their teams for the potential onslaught of financial crimes driven by nefarious organizations.

Already the preferred choice of some of the world’s largest banks, enterprises and           high-growth fintechs, ComplyAdvantage uses machine learning and natural language processing to help regulated organizations manage their risk obligations and prevent financial crime. The company’s proprietary database is derived from millions of data points that provide dynamic, real-time insights across sanctions, watchlists, politically exposed persons, and negative news. This reduces dependence on manual review processes and legacy databases by up to 80% and improves how companies screen and monitor clients and transactions.

ComplyAdvantage releases The State Of Financial Crime 2021 a comprehensive report covering financial crime trends related to fraud, cyber, and money laundering.  #compliance #financialcrime #AML #antimoneylaundering #cybercrime

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Latest Articles

Britain to publish new weekly consumer spending data 4 Britain to publish new weekly consumer spending data 5
Finance12 seconds ago

Britain to publish new weekly consumer spending data

LONDON (Reuters) – Britain’s statistics office said it would publish new weekly consumer spending data from Thursday, based on credit...

Mercedes unveils electric compact SUV in bid to outdo Tesla 6 Mercedes unveils electric compact SUV in bid to outdo Tesla 7
Business37 mins ago

Mercedes unveils electric compact SUV in bid to outdo Tesla

By Nick Carey (Reuters) – Daimler AG’s Mercedes-Benz on Wednesday unveiled the EQA, a new electric compact SUV as part...

England soccer star Rashford nets younger buyers for Burberry 8 England soccer star Rashford nets younger buyers for Burberry 9
Top Stories42 mins ago

England soccer star Rashford nets younger buyers for Burberry

By Sarah Young LONDON (Reuters) – Burberry stuck to its full-year goals on Wednesday after a media campaign fronted by...

Wetherspoon shares higher after raising cash at top end of expectations 10 Wetherspoon shares higher after raising cash at top end of expectations 11
Business45 mins ago

Wetherspoon shares higher after raising cash at top end of expectations

(Reuters) – Britain’s Wetherspoon priced its sale of 93.7 million pounds ($127.92 million) worth of new shares at the top...

UK regulator slams waiting times, patient records at trans clinic 12 UK regulator slams waiting times, patient records at trans clinic 13
Business53 mins ago

UK regulator slams waiting times, patient records at trans clinic

By Rachel Savage LONDON (Thomson Reuters Foundation) – England’s only youth gender identity clinic faced criticism on Wednesday from the...

Kenya slum dwellers battle COVID-19 downturn with virtual currency 14 Kenya slum dwellers battle COVID-19 downturn with virtual currency 15
Finance56 mins ago

Kenya slum dwellers battle COVID-19 downturn with virtual currency

By Kagondu Njagi NAIROBI (Thomson Reuters Foundation) – Sitting on a low bench at her shop in a Nairobi slum,...

Bank of England adapts bank stress test for pandemic era 16 Bank of England adapts bank stress test for pandemic era 17
Finance1 hour ago

Bank of England adapts bank stress test for pandemic era

By Huw Jones LONDON (Reuters) – The Bank of England said on Wednesday the aim of its banking stress test...

TVs, gaming and gadgets drive Dixons Carphone's Christmas sales rise 18 TVs, gaming and gadgets drive Dixons Carphone's Christmas sales rise 19
Business2 hours ago

TVs, gaming and gadgets drive Dixons Carphone’s Christmas sales rise

By James Davey LONDON (Reuters) – Electricals sales at British retailer Dixons Carphone rose 11% in the Christmas trading period...

Commerzbank deepens partnership with Microsoft amid revamp 20 Commerzbank deepens partnership with Microsoft amid revamp 21
Business2 hours ago

Commerzbank deepens partnership with Microsoft amid revamp

FRANKFURT (Reuters) – Commerzbank said on Wednesday that it would widen its partnership with Microsoft by putting a significant portion...

Tech, luxury stocks drive European shares higher 22 Tech, luxury stocks drive European shares higher 23
Business2 hours ago

Tech, luxury stocks drive European shares higher

By Amal S and Sruthi Shankar (Reuters) – European stocks rose on Wednesday after chip equipment maker ASML and Swiss...

Newsletters with Secrets & Analysis. Subscribe Now