Stanbic IBTC Bank ( 2014 Abridged Report

first_imgStanbic IBTC Bank ( listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2014 abridged results.For more information about Stanbic IBTC Bank ( reports, abridged reports, interim earnings results and earnings presentations, visit the Stanbic IBTC Bank ( company page on AfricanFinancials.Document: Stanbic IBTC Bank (  2014 abridged results.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 Exchangelast_img read more

Video of the Day – Richie McCaw

first_imgLATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS With the upcoming World Cup in his back yard, Richie McCaw will have even more pressure on him to lead out a successful team. Making his international debut before turning 21 and captaining the All Blacks at 23 is a great feat for someone who still has a lot to offer the game. Total rugby caught up with the three-time winner of the IRB player of the year award to get a closer insight to his game.last_img

Family House In Zbecno / A.LT Architekti

first_img Czech Republic Projects CopyHouses•Czech Republic Save this picture!© Tomáš Rasl+ 15 Share Family House In Zbecno / A.LT Architekti ArchDaily 2011 Photographs:  Tomáš RaslText description provided by the architects. The minimal family house was designed on the area of an existing summer house built in the 50’s. It is located in a small village of Zbecno in the protected zone of Krivoklatsko. There is a total building ban in this zone. The only possibility how to come up with a new project was to rebuild the existing house not exceeding the maximum built-up area of 50m2. Save this picture!© Tomáš RaslRecommended ProductsPorcelain StonewareGrespaniaCoverlam Facade in Single Family HomeWoodParklex International S.L.Thin wood cladding – SkinWood Boards / HPL PanelsBruagRoom Dividers – Partition Wall Oak PlywoodThe only part that remained is a garage that is now used as a technical room, other parts were torn down. Above the garage, a new house was built. Due to the sloping of the site, the house stands on wooden beams and posts based in concrete footings. The site lacks enough noon sun, therefore the house was built with a maximum distance from the slope. Save this picture!© Tomáš RaslBecause of that, an outside covered area was formed on the garage level and more space was given to the entrance and the terrace on the first floor. The hexagon layout was the best solution for getting the maximum western sun penetration and views all around. On the first floor, there is an entrance, a living space with a kitchen and a laundry room with a toilet. On the second floor, there are two bedrooms, an office and a bathroom. Save this picture!first floor planThe client had always wanted a wooden house, so the system of KLH panels was chosen. This type of construction was the best choice because of fast construction and minimizing the building process on the site. The panels in the interior are in a non visible quality, but after treating them with oil, they are used as visible. The exterior walls are insulated with mineral wool and the facade is clad in untreated larch.Save this picture!© Tomáš RaslProject gallerySee allShow lessRem Koolhaas & Hans Ulrich Obrist’s ‘Project Japan: Metabolism Talks’ LectureArticlesKrankenhaus Nord Wein Hospital / ArupArticles Share Photographs “COPY”center_img Family House In Zbecno / A.LT ArchitektiSave this projectSaveFamily House In Zbecno / A.LT Architekti Year:  Architects: A.LT Architekti Year Completion year of this architecture project CopyAbout this officeA.LT ArchitektiOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousesCzech RepublicPublished on March 09, 2012Cite: “Family House In Zbecno / A.LT Architekti” 09 Mar 2012. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogAluminium CompositesTechnowoodWood Siding in KSR Villa BodrumGlassMitrexSolar GreenhouseMetal PanelsAurubisMill Finished Copper: Nordic StandardBedsFlorenseBed – UpholsteredSignage / Display SystemsGoppionDisplay Case – Qd-ClassMetal PanelsTrimoMetal Panel Finishes – ArtMeSkylightsLAMILUXRooflight F100 CircularWire MeshGKD Metal FabricsMetal Fabric in TransportationSystems / Prefabricated PanelsInvestwoodCement-Bonded Particle Board – Viroc NatureMetal PanelsRHEINZINKSeam Systems – Flatlock TilesSofasMenuDining Bench – EaveTablesArtisanCoffee Table – BloopMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream ShareFacebookTwitterPinterestWhatsappMailOr Clipboard ShareFacebookTwitterPinterestWhatsappMailOr Clipboard “COPY” Houseslast_img read more

House in Fátima / Helena Botelho Arquitectura

first_img House in Fátima / Helena Botelho Arquitectura Portugal Year:  2017 “COPY” Architects: Helena Botelho Arquitectura Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Photographer:  Nuno Almendra, Courtesy of Helena Botelho Arquitectura Manufacturers Brands with products used in this architecture project Houses “COPY” Area:  288 m² Year Completion year of this architecture project center_img CopyHouses, Restoration•Fátima, Portugal ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Projects Photographs ArchDaily Manufacturers: BRUMA, CIN, Duravit, FRANKE, FSB, Primus Vitória, SosoaresCollaborators:Andreia Veríssimo, João Veríssimo, Tiago André Pinto, Miguel CavaleiroStructure Engineer:Betar, Miguel VillarHidraulic Engineer:Betar, Andreia CardosoElectric Engineer:Ohmsor, João MiraVentilation And Exhaustion Of Smokes:Ohmsor, David FerreiraWork Supervision:HP Engenharia, Henrique AbreuConstructor:DVR – Construções DivireisClient:Congregação das Oblatas do Divino CoraçãoLead Architects :Helena BotelhoCity:FátimaCountry:PortugalMore SpecsLess SpecsSave this picture!© Nuno AlmendraRecommended ProductsWindowsSolarluxSliding Window – CeroDoorsEGGERWood Laminate Doors in Molecular Plant Science InstituteEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreText description provided by the architects. Opening the house to the exterior and making new connections to the surrounding landscape allowed, from the very beginning, to restore and regenerate the original appearance of the building. Moreover, with more natural light brought to the interior, the environment and spaces were totally refreshed.Save this picture!© Nuno AlmendraConcerning the space organization, the residence has three floors that can be simply descripted as follows: the ground floor, the entrance, and the social areas like the living rooms, dining room, kitchen, an office, and also a little chapel. On the -1 floor, we can find the private areas with the bedrooms.Save this picture!DiagramSave this picture!Section AThe reorganization was essential: everything was reconsidered and redesigned, with new key pieces and restoring some old ones, thus merging the contemporary and the old in a delicate dialog. It’s was clear the difference of these spaces and their environments in the two floors, although all the interior spaces were equally treated, with no distinction.Save this picture!© Nuno AlmendraThe redesign of the ground floor, where we have the entrance space was reconsidered, by opening he access stairs up until the attic, and a completely new design of the entrance and the corridors along the floor. The kitchen, with a huge upgrade to a more contemporary and adapted space, including a hatch connecting it to the dining room, which was a key piece of furniture joining these two spaces. We can find another living room, that works like a small library, and also a little office, close to the only bathroom of this floor, which, in turn, can easily be transformed into a bedroom for a guest or someone with reduced mobility. Here, there is also a new chapel space, where the design of new small pieces allowed a more simple and pure space for meditation.Save this picture!© Nuno AlmendraIn the lower floor, there were shared rooms without comfort, some even without natural light. These were transformed into small individual and pleasant bedrooms, for resting and privacy. On the outside of this floor, the balcony was opened for a stronger relationship with the garden on the lower floor, and also for more qualified views to the surrounding landscape.Save this picture!Cortesia de Helena Botelho ArquitecturaIt’s visible all the integrated furniture design and all the woodwork details that allow the continuity along the different spaces, such as living rooms or the hallways and aisles, all linked by a thorough work between friezes, shelves, sideboards and doors, a mechanism based in space-light-material mindset.Save this picture!© Nuno AlmendraThe original color of the furniture of the house, the dominant blue-grey shade, was recovered and reused like the color base of almost every new piece on the ground floor. Downstairs, where we have a large program, laundry room and five bedrooms, the key piece was the large box of wood that contained the bathrooms. That workpiece managed a completely new space with a special and particular atmosphere, which guide us into the bedrooms or to the outside garden.Every step of the project was carefully considered, in pursuit of an intervention which respected the qualified pre-existences by giving some new contemporary values. The aim was to achieve a dialogic architectural intervention between the past and present time.Save this picture!© Nuno AlmendraProject gallerySee allShow lessThese Are The 50 Smartest Cities in the World in 2018Architecture NewsHelmet House / Werkt StudioSelected Projects Share Save this picture!© Nuno Almendra+ 43Curated by Pedro Vada Share House in Fátima / Helena Botelho ArquitecturaSave this projectSaveHouse in Fátima / Helena Botelho Arquitectura CopyAbout this officeHelena Botelho ArquitecturaOfficeFollowProductsWoodSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRestorationFátimaPortugalPublished on July 26, 2018Cite: “House in Fátima / Helena Botelho Arquitectura” [Casa em Fátima / Helena Botelho Arquitectura] 26 Jul 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogPartitionsSkyfoldIntegrating Operable Walls in a SpaceGlass3MSun Control Window Film in MarkthalSinkshansgroheBasin FaucetsPaintSTAC BONDComposite Panel Finishes – MetallicsConcreteKrytonConcrete Hardening – Hard-CemSkylightsLAMILUXGlass Skylight FE PassivhausLightsLouis PoulsenOutdoor Lighting – Flindt GardenWindowsVEKAWindows – SOFTLINE 70 ADUrban ShadingPunto DesignPavilion – CUBEDoorsLinvisibileLinvisibile FILO 10 Hinged Door | AlbaWoodHESS TIMBERTimber – GLT BlockGreen FacadesSempergreenLiving Wall – SemperGreenwallMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Two journalists in Nakhichevan suffer systematic harassment

first_img “We’ll hold Ilham Aliyev personally responsible if anything happens to this blogger in France” RSF says Receive email alerts April 9, 2021 Find out more News Reporters Without Borders has called on the chairman of the Supreme Council (Mejlis) of the autonomous Republic of Nakhichevan, Vasif Talibov, to act to protect journalists after two correspondents complained of relentless harassment.Malahat Nasibova, correspondent for the press agency TURAN and the US station Radio Free Europe, along with Mohammed Rzayev, correspondent for the opposition daily Azadlig in Nakhichevan said on 14 June 2004, that they had suffered systematic harassment for two months. Nakhichevan is an autonomous republic of Azerbaijan – an enclave between Armenia and Iran.The international press freedom organisation urged Talibov to guarantee the safety of journalists and to ensure that they could work normally free from official pressure.Nasibova and Rzayev have said they have been threatened every time they report on the harassment of the local opposition, whose members are regularly physically attacked and arrested by police.Each time they report the facts, police summon the journalists or telephone to tell them to stop covering the harassment. The journalists’ families have also received telephoned insults or threats that they will lose their jobs. Nasibova said she got phone calls and Internet messages that she risked “mourning family members” unless she stopped criticising the authorities. AzerbaijanEurope – Central Asia AzerbaijanEurope – Central Asia June 16, 2004 – Updated on January 20, 2016 Two journalists in Nakhichevan suffer systematic harassment Russian peacekeepers deny foreign reporters access to Nagorno-Karabakh RSF calls for a fully transparent investigation after mine kills two journalists in Azerbaijan Help by sharing this information center_img RSF_en News News to go further Organisation June 4, 2021 Find out more News Follow the news on Azerbaijan June 8, 2021 Find out morelast_img read more

Royal Navy Takes Centre Stage in Royal Edinburgh Military Tattoo

first_img View post tag: Tattoo View post tag: Edinburgh View post tag: Centre Training & Education Royal Navy Takes Centre Stage in Royal Edinburgh Military Tattoo View post tag: military Back to overview,Home naval-today Royal Navy Takes Centre Stage in Royal Edinburgh Military Tattoo View post tag: Royal Share this articlecenter_img August 9, 2011 The Royal Navy will be taking centre stage in the international spectacular – the Royal Edinburgh Military Tattoo – from Friday (5th August) to 27th August.A worldwide audience of millions (218,425 watching the live show in Edinburgh and a TV audience judged at over 100 million) for the spectacular event will see the Royal Navy in the limelight as the lead military service.Major attractions will be a Royal Navy warship counter-piracy boarding team from HMS Montrose, field-gun race and HM Bands of the Royal Marines, along with other navies, reflecting this year’s Tattoo theme – ‘Of the Sea’.A field gun crew from HMS Raleigh, the Royal Navy’s premier training establishment in the South West, will be in action daily competing against a crew from Faslane at the Edinburgh Military Tattoo between 15 and 20 August.The HMS Montrose boarding team, which earned its stripes on patrol with notable successes against Somali pirates, will give a dynamic display – re-enacting operational action on the Edinburgh Castle arena transformed into a kidnapped cargo ship.Commander Jonathan Lett, the commanding officer of HMS Montrose said:“Although the base-port of HMS Montrose is in Plymouth, Devon, the ship has incredibly close links with Scotland.”“As a Duke Class Type 23 Frigate HMS Montrose is named after the Duke of Montrose. But Montrose itself is a small port on the east coast of Scotland in Angus.”“The Tattoo provides an excellent medium to strengthen those links and the Lord Lieutenant of Angus, the Duke of Montrose and the ship’s sponsor Lady Rifkind have all been invited to attend the Tattoo.”“They will be joined by many thousands of spectators from around the world and indeed the Tattoo will be broadcast worldwide.” “This year’s theme ‘Of the Sea’ provides a fantastic opportunity to highlight the broad range of work the Royal Navy undertakes on a daily basis.”“Having returned from operations in the Indian Ocean at the very end of last year a team of 16 sailors from HMS Montrose will be re-creating a counter-piracy boarding on the esplanade of Edinburgh Castle.”“Working in conjunction with the Tattoo producers, the team will use a combination of sound, light and live action to show how teams from the Royal Navy and Royal Marines deal with incidents of piracy off the coast of Somalia.” “Based on a real boarding which HMS Montrose undertook whilst on patrol in the Indian Ocean last year the Tattoo provides a fantastic opportunity not only to highlight the work of the Royal Navy and Royal Marines in deterring and disrupting acts of piracy but also the high quality training and versatility of our men and women.”HMS Montrose deterred many potential pirate acts in the Gulf of Aden last year, including a major success when its boarding party and helicopter combined to scare off pirates who boarded a German merchant ship Beluga Fortune. The merchant ship crew locked themselves in and before the pirates could take further action the Royal Navy arrived. The German government sent a message of gratitude to Foreign Secretary William Hague for the Royal Navy’s actions.Petty Officer Adam Cowling, boarding team second-in-command was involved in the Beluga Fortune operation. He said:“We are honoured to be playing such an important role in the Edinburgh Tattoo. We promise audiences an action-packed demonstration of what we have done for real on counter-piracy patrol in the Gulf of Aden last year.” “The boarding parties are highly trained.” “They work in potentially hostile environments and are trained to be lowered by helicopter into vessels and using small arms and are physically fit. They also have to interact with people of varying nationalities and cultures which often be a sensitive issue and diplomacy is essential.”Brigadier David Allfrey, Tattoo chief executive, said:“I am thrilled to have the Royal Navy at the centre of this year’s Tattoo. We aim to create a tremendous atmosphere around the theme ‘Of the Sea’ and while delivering a wonderful show, gently remind everyone of Britain’s pedigree as a maritime trading nation our diverse and accessible coastline and our continuing reliance on trade by sea.” “It is a particular pleasure to welcome the team from HMS Montrose whose links with Scotland offer proper resonance and the opportunity to present the Royal Navy’s story with elegance and a light touch.”“The strong naval presence continues with the Massed Bands of the Royal Marines from Plymouth, Portsmouth and Faslane and – in a first for the Royal Edinburgh Military Tattoo – field-gun teams drawn from across the Royal Navy for the demanding field-gun competition, set in a context of naval gunnery across the centuries’’In its 62nd season, the Royal Edinburgh Military Tattoo includes the world-renowned Massed Pipes and Drums and a cast of nearly a thousand top-flight performers drawn from across the globe – military bands, soloists, dancers, singers and the action items make for a wonderful multi-national and multi-cultural event.Against the backdrop of a series of nautical images projected onto the Half Moon Battery, a dance sequence will illustrate the trials and tribulations of fishermen working both on land, mending nets and preparing their boats, and at sea, facing the full force of the elements. Accompanying the Tattoo Dance Company is the all-girl West Ulster Total Dance Company.The colourful diversity of this year’s programme is both enthralling and eclectic, with the Royal Netherlands Army Mounted Regimental Fanfare Band mounted on bicycles and wearing uniforms from World War One. From Berlin there is The Crossed Swords, a group of forty-five pipers, Germany’s first pipe band.Also taking part in the spectacle is the Brazilian Marine Corps Military Band from South America; from the Middle East come the Pipes and Drums of the Royal Army of Oman, and, from South Australia, the Pipes and Drums of the Royal Caledonian Society.When the Lone Piper appears high up on the castle’s battlements for the finale, the audience will be able to look back on a matchless shared experience that will have felt the light airs of the estuary, the building winds of the channel, the power of the trade winds, the howl of the gale and the calm beyond.[mappress]Source: royalnavy, August 9, 2011; View post tag: News by topic View post tag: stage View post tag: Naval View post tag: takes View post tag: Navylast_img read more

US: Bringing shipbuilding funding to Reagan era levels

first_img The Seapower Subcommittee, an arm of the U.S. House Armed Services Committee, wants the U.S. Navy’s shipbuilding budget to be increased to $20,6 billion which, if authorized, would be the highest level of shipbuilding funding, accounting for inflation, since President Reagan was in office.The subcommittee mark, released by the body’s chairman, Congressman J. Randy Forbes April 19, also called for Navy to build aircraft carriers 20% faster.Aircraft carriers should be built every four years instead of five, a change in tempo that would increase the size of the carrier fleet and create more jobs at Newport News, the mark argued. A “block buy” of components for multiple carriers which would reduce costs for the taxpayers was also authorized.Forbes’ legislation also looks to prohibit the Navy from simultaneously inactivating 11 of 22 cruisers under its “phased modernization plan” and holds the administration accountable for cruiser modernization by withholding funding from the Office of the Secretary of Defense until modernization contracts have been signed.Additional $385 million would be authorized for another littoral combat ship, previously struck from the budget. Funding would also be provided to accelerate procurement of the next-generation LX(R) amphibious ship or a 13th San Antonio-class amphibious ship (LPD-29), which would enable the Navy and Marine Corps to close the amphibious capability shortfall.The markup which calls for an accelerated construction of the majority of programs – from carriers to submarines, missiles to landing craft – will, however, first have to be approved by the House Armed Services Committee before going to the U.S Senate. April 20, 2016 View post tag: US Navy Authorities U.S. committee calls for bringing shipbuilding funding to Reagan era levels Back to overview,Home naval-today U.S. committee calls for bringing shipbuilding funding to Reagan era levels Share this articlelast_img read more


first_imgEARLY VOTING FOR UPCOMING PRIMARY CITY ELECTIONEarly Voting at Libraries and on Saturdays : Early Voting for the Primary Election will expand to Saturdays beginning April 27, 2019.Early Voting at Libraries will be held for 1 week starting Monday, April 29, 2019.All Early Vote Locations and dates are:  * Election Office :April 9, 2019 – May 3, 2019 (Mon – Fri) from 8:00 am to 4:00 pmMay 6 (Mon) – 8:00 am to NOON * Saturday Voting at Election Office: April 27, 2019 (Sat.) 8:00 am – 4:00 pmMay 4, 2019  (Sat.) 8:00 am – 4:00 pm * Saturday Voting at Northeast Park Baptist & Cedar Hall School: April 27, 2019 (Sat.) 8:00 am – 3:00 pmMay 4, 2019  (Sat.) 8:00 am – 3:00 pm *Early Voting Weekdays at Libraries:    (Central, McCollough, Northpark, Oaklyn, and Red Bank Libraries)April 29, 2019 – May 2, 2019 (Mon- Thurs) noon to 6:00 pmMay 3, 2019 –  (Fri) noon-5:00 pmFOOTNOTE: For a list of Early Voting times and locations refer to County Clerk Early Voting page.  Contact the Election Office at 812-435-5122 if you have questions.FacebookTwitterCopy LinkEmailSharelast_img read more

Ocean City Edges Mainland in Soccer Rivalry

first_imgOcean City’s Kyle Harper boots the ball upfield from the Red Raiders’ defensive end. By LESLEY GRAHAMOcean City High School boys’ soccer team hosted rival Mainland on Saturday morning, defeating the visiting Mustangs, 3-2.The win brings the Red Raiders’ record to 3-0 early in the season, while Mainland drops to 2-1.Ori Levy-Smith led all scorers with a goal and assist, while teammates John Lindsay and Ben Steiger each recorded a goal for the Red Raiders. Kyle Harper also notched an assist for Ocean City.Joey Cino and Luca Bongiovanni scored for Mainland.Ocean City goalkeeper Kyle Plenn had four saves.The Red Raiders opened up the scoring early in the game with less than two minutes ticked off the clock, when Levy-Smith found the back of the net thanks to some fancy footwork.Unfortunately for the Red Raiders, they found themselves knotted at 1-1 when the Mustangs answered right back within a minute.Ocean City’s Ori Levy-Smith (12), the game’s leading scorer, crosses the ball to a teammate.The next 20 minutes was a back-and-forth effort between the two teams – both battling to gain an advantage on the scoreboard.Ultimately, the Red Raiders would be the next to score, as Steiger tipped in a pass from Levy-Smith to give Ocean City a 2-1 advantage at halftime.As the second half got underway, it was much of the same as the first half – both teams vying for control.  The Red Raiders dominated possession, keeping the ball in their offensive end for the majority of the second half.With under 10 minutes to play, Lindsay would net what was ultimately the game winner, putting Ocean City ahead 3-1.Mainland would continue to fight for a chance to get back in the game, scoring off a free kick when Ocean City was given a card.Red Raider John Lindsay dribbles through the Mainland defendersWith three minutes left to play, the Mustangs were battling back from a one-goal deficit, but Ocean City was not about to let the lead slip away. The defense stepped up and the team was able to eke out a victory.Ocean City Head Coach Aaron Bogushefsky said the Red Raiders did enough to get the job done.“I am happy with the result, but there is plenty of room for improvement,” Bogushefsky said after the game.As the season progresses, Bogushefsky said the ultimate goal is to win the last game of the season so this year, with its shortened preseason and change of schedule, the Red Raiders are working through all of those potential issues within a tighter timetable.“We have the ability. We just need to be more disciplined to be consistently great. Consistency is the key to being successful,” he said.Ocean City’s defense readies itself for Mainland’s free kick.last_img read more

A question of format

first_imgThe history of establishing new republics is littered with grief, surrendered casualties, blood-letting and fraught backward steps. Just ask the French. Or, closer to home, Coffee Republic.At the beginning of 2009, the ambitious coffee chain was riding high on the back of the fastest store growth of anyone in British Baker’s Top 50 list, which tracks the big chains’ performance on store numbers. Having leapfrogged into the Top 10, with 104 new outlets in just one year, and more than doubling its previous total, it has cut 10 shops, having opted to go into administration. Industry insiders question its track record of over-bidding for prime rental sites against its competitors, and failing to distinguish itself clearly enough from major competitors, such as Starbucks.The future is hopeful for the ailing chain, however, after quickly finding a buyer through administrator KPMG last month. Despite tough trading conditions, Khalid Affara of Arab Investments was keen put the strut back into Coffee Republic’s faltered momentum, stating he would be “growing the business with immediate effect”.Taking the same opportunity – if administration can ever be described thus – to restructure the business and renegotiate on rents with obstinate landlords, bring in new investment and get things shipshape, has been sandwich chain O’Briens. Ranked just outside the Top 10 at 12th, chairman Brody Sweeney cited the refusal of landlords to negotiate on rent reductions as the key reason behind its collapse. Investors have been circling – nine at the last count – and a decision on the chain’s future is expected soon.Subway draws nearerSubway, which was predicted to overtake Greggs in mid-2009, continues to creep up on the high street bakery giant. If you count total stores across UK and Ireland (1,450), which the Top 50 list doesn’t, Subway is already ahead. But in an interesting development last month, Greggs unveiled plans to branch out into forecourts, with a 500sq ft unit opened in a BP petrol station in Bury – with more planned if successful.So is the future forecourts? Travel outlets could be ’the new high street’. BB’s Coffee & Muffins, which is just outside the Top 10, below Sayers, revealed in British Baker that forecourts were a “key focus area” for business development, following successful trials. Ten more could open by the end of 2010, it said.While the Sayers & Hampson estate stands at 150 outlets, a spokesman for the firm said : “Investment in exciting new shops is expected to increase the brands’ high street presence over the next 12 months.”Meanwhile, Starbucks opened two new formats in 2008 – a drive-thru in Cardiff and drive-tos near Wisley and in Hooley. A spokesperson confirmed that Starbucks is on the look-out for new sites.Bath-based Pasty Presto, previously missed out on our list, has popped its head up. Its 25-shop estate is predicted to swell to 30 by the close of 2010, after targeting the travel-retail sector such as motorway service stations. It is currently placed 38th.Looking ahead, East Lothian sandwich chain Baguette Express, with 55 outlets, plans to rival Subway and Greggs on UK high streets, building a 300-store franchise network over the next five years. And Galloways Bakers, with 21 shops around Wigan, said it was omitted from the last Top 50 list. Happy to put that right.last_img read more