Universal Insurance Company Plc (UNIVIN.ng) Q12015 Interim Report

first_imgUniversal Insurance Company Plc (UNIVIN.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2015 interim results for the first quarter.For more information about Universal Insurance Company Plc (UNIVIN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Universal Insurance Company Plc (UNIVIN.ng) company page on AfricanFinancials.Document: Universal Insurance Company Plc (UNIVIN.ng)  2015 interim results for the first quarter.Company ProfileUniversal Insurance Company Plc is an insurance company in Nigeria licensed to cover all cases of non-life insurance for the individual, commercial and institutional sectors. The company also offers banking products and services as well as risk management services. General insurance products cover motor, property, marine, accidents, engineering and contractors, bond, HCPI, oil and gas, guarantees and indemnities and occupier’s liability insurance. Commercial and institutional products cover all risks associated with the hospitality, construction, logistics, capital markets and real estate sectors as well as financial coverage for accidents, theft, vandalism and motor vehicle collisions. Universal Insurance Company Plc receives reinsurance support from Swiss Reinsurance Company of Zurich. Established in 1961 and formerly known as the Universal Insurance Company Limited (UNISURE), the company changed its name to Universal Insurance Company following its amalgamation with United Trust Assurance Company Limited, Oriental Insurance Company Limited and African Safety Insurance Company Limited. Universal Insurance Plc has operations across the country in the major towns and cities of Nigeria. Its head office is in Lagos, Nigeria. Universal Insurance Company Plc is listed on the Nigerian Stock Exchangelast_img read more

The Novacyt share price has risen 2,500% this year! Is it worth adding to your ISA?

first_img Enter Your Email Address See all posts by Toby Aston Toby Aston does not own shares in any of the companies 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. Image source: Getty Images Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! The Novacyt share price has risen 2,500% this year! Is it worth adding to your ISA? The high-calibre small-cap stock flying under the City’s radar At least someone’s having a good time in this pandemic! Whilst most businesses have been hit hard by coronavirus – with countless shops and restaurants closing – a few have thrived. Novacyt (LSE:NCYT) is a biotech company currently producing testing kits for the UK government. As of the end of 2019, the Novacyt share price was 12p. But since rising over 2,500% to almost 500p, the shares are trading around 340p at the time of writing. It seems the company has had new life breathed into it by the huge contracts the pandemic has provided, signing an agreement with some big names in the biotech sector. But does the stock have enough long-term investment merits to warrant investing your cash in?Putting the Novacyt share price under the microscopeLast year Novacyt reported a loss of £6.5m and earnings per share of -0.12p. That’s not a brilliant start. Obviously, without earnings, the shares do not pay a dividend. Cash flow before financing is also in red territory. The debt ratio has tripled from FY2018 to 2019 and debt to equity is up by 150%. And just to put the boot in, revenues have declined year on year since 2017. From first inspection, Novacyt looks like a company increasingly relying on outside financing to sustain slowly declining sales. But all that data is from the past – when the Novacyt share price was at 12p. Investors have become a lot more excited since then. Let’s see why.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…Never let a crisis go to wasteMuch of the investor interest stems from Novacyt’s ongoing work on a fast-turnaround testing solution for Covid-19. Called a CE-Mark test, it is designed to allow non-clinical staff to apply fast tests to suspected cases. Additionally, its PCR tests are used to detect antigens, which can determine whether someone has the virus or not. The company quickly established the need to develop significant manufacturing capacity, and today has eight dedicated manufacturing sites capable of producing Covid-19 tests at an output rate of more than 10 million tests per month, which Novacyt expects to achieve from June onwards.The Directors believe the significant demand for the Company’s Covid-19 test will continue through to the end of the year, and may extend well into 2021, as the global demand for Covid-19 testing continues to increase. Another hope is that the global contacts and networks that will be created during the pandemic will provide access to wider markets for other products in the future. If the company can become consistently profitable, the Novacyt share price could keep climbing.Looking to the future…Savvy investors will want to know how Novacyt will continue to make money once the pandemic finally fades into the background. The Directors’ belief that mass Covid-19 testing will continue until 2021 still leaves open the question: what next? Indeed, the demand will fall away at some point. Perhaps when we see a vaccine for Covid-19. The company states that its customer base has significantly increased around the world, and cash has risen from €1.8m as of 31 December 2019 to €9.2m at the end of April. The company has never looked in a healthier position than it does now. It’s no wonder that the Novacyt share price has risen so dramatically! The question is whether they can translate good fortune into a viable business future. If so, Novacyt could represent a good investment.center_img Our 6 ‘Best Buys Now’ Shares 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. 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. Toby Aston | Monday, 1st June, 2020 | More on: NCYT Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge!last_img read more

What are the best UK shares to buy now?

first_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 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 Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” What are the best UK shares to buy now? Choosing which UK shares to buy now is never easy. I like to begin with the FTSE 100 and look for company names I recognise and understand. Once I’ve honed in on one, I then look at how its share price has been performing. I then look for reasons it may be declining or rising. Recent news sources and Motley Fool articles are great for finding this out.If I want to look more closely at these UK shares, then I’ll go to the company website and read its most recent annual report or trading update for an idea of how the company is performing and how it expects to perform in the coming months.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…Here are some examples:Should I invest in Rolls-Royce?I like Rolls-Royce. I think it’s a company with a strong heritage, engineering prowess, and scope to expand its cutting-edge technologies. However, it’s been particularly hard hit by the pandemic and has increased its debt exponentially in recent months just to stay afloat. As a very long-term investment, I would consider buying Rolls-Royce shares, but there is still risk attached. Today Rolls-Royce has a market cap of £6bn, but a year ago it was worth over £18bn. This FTSE 100 firm has a long way to go to recover, and investors need to be in it for the long haul.Should I buy IAG shares?Airline IAG has had a terrible year. The British Airways owner incurred a massive post-tax loss of €5.57bn during the first nine months of 2020. To survive it has cut jobs, restructured, and borrowed extensively, but to stand any chance of recovery it needs flights to resume. IAG has a €9bn market cap, but its net debt is €11.1bn. Its price-to-earnings ratio (P/E) is 2 and earnings per share (EPS) are €0.87. I’m not tempted to buy IAG shares.Should I buy Cineworld shares?As far as cheap UK shares go, Cineworld is definitely among the cheapest. But that doesn’t mean they’re a bargain. Cineworld has a P/E of 6 and EPS is 9.8p. Its market cap is £820m, down from £2.7bn a year ago. Cineworld had a ridiculous level of debt before the pandemic hit and has clawed its way through 2020 by piling on more and more. I don’t think it’s sustainable. And with the rise of streaming and on-demand viewing, I don’t think Cinema has the same consumer draw it once had. Personally, I will not be buying Cineworld shares.Will the Shell share price recover?I like Royal Dutch Shell and think the Shell share price will recover. The oil industry has taken a massive hit this year. Covid-19, oversupply problems and geopolitical tensions have created a perfect storm of destruction for the sector. Nevertheless, I think the price of oil will rise again. Even with a global push to move to electric vehicles, oil is a necessary evil in our lives. Shell is still an oil company, but it’s also transitioning to renewables. It’s a vast entity and as such I think the Shell share price will recover in time.On a search for the best UK shares to buy now, I usually sift through a few to avoid. Having confidence in the future of my share buys helps me be a happy long-term holder. Kirsteen owns shares of Royal Dutch Shell B. 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.center_img 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. Our 6 ‘Best Buys Now’ Shares 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 Kirsteen Mackay Kirsteen Mackay | Tuesday, 24th November, 2020 Enter Your Email Addresslast_img read more

Will the Creightons share price continue to rise?

first_imgWill the Creightons share price continue to rise? Roland Head | Saturday, 5th June, 2021 | More on: CRL Image source: Getty Images See all posts by Roland Head Get the full details on this £5 stock now – while your report is free. Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Simply click below to discover how you can take advantage of this. Roland Head owns shares of Unilever. 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.center_img FREE REPORT: Why this £5 stock could be set to surge 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. 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. Consumer goods firm Creightons (LSE: CRL) had a strong 2020. The firm — which makes skin, hair, and beauty products — saw its pre-tax profits rise 64% during the six months to 30 September. Creightons’ share price has risen by over 55% since June 2020.This small-cap has a market-cap of just £57m and may be under the radar for many private investors. However, it’s been in business since 1954 and has delivered steady growth in recent years — sales have doubled since 2016. I think there could be more to come.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…A mini-Unilever?Creightons sells under a range of brands. The firm’s products are typically small, repeat purchases, such as shampoo and moisturisers. In some ways, this business reminds me a little of FTSE 100 giant Unilever, whose beauty and personal care business sells similar products.By backing the smaller company over the last five years, Creightons’ shareholders have seen an 850% share price gain and received a few dividends. By contrast, Unilever (which I hold) has seen its share price rise only 35%, plus (bigger) dividends.Unilever’s brands are much larger and better known. Its product range is more diverse, including food, drink and cleaning products as well. But the larger company is also more mature — I can’t see Unilever matching Creightons’ recent growth.Pandemic boost?The big question for me is whether Creightons can maintain its recent run of growth. The company’s annual sales have risen from £21m in 2016 to £56m over the 12 months to 30 September 2020. Pre-tax profit has risen from £0.6m to £4.7m over the same period.That’s an impressive record, in my view. But one concern I have is that last year’s strong results were boosted by  pandemic demand for hygiene products, such as hand sanitisers.In its half-year results, the company admitted that “the main driver” of sales growth during the period was increased sales of hygiene products, sanitising gels and handwashes. The biggest buyers of these products were the NHS and “major UK retailers”. I’d imagine demand for these products could ease over the coming year.Sales of the group’s branded products were said to have “continued to grow” last year, but the company didn’t provide numbers.Creightons share price: buy, sell, or hold?In my view, there’s quite a lot to like about Creightons. My analysis suggests the company has a strong balance sheet, with minimal debt. Profit margins have improved in recent years and Creightons’ own brands appear to be gaining strength.On the other hand, I can see some risk that sales growth might slow over the next 12-18 months, as demand linked to the pandemic eases.Creightons shares are currently trading on about 15 times earnings from the last 12 months. The company doesn’t appear to have any broker coverage, so I can’t find any forecasts for this year. However, my research suggests the stock’s current valuation is higher than its historic average, suggesting it may not rise further in the short term. I think Creightons’ share price is probably up with events. I’d need to do more research before deciding whether to buy this stock at current levels. But I can see this business as a possible long-term investment for me with a rising share price further down the line. If I already owned the shares, I’d be happy to continue holding.last_img read more

Rise Group offers Scottish charities ‘one-day shortlist’ recruitment service

first_imgRise Group offers Scottish charities ‘one-day shortlist’ recruitment service  24 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 19 March 2009 | News Scottish recruitment company Rise Group is offering Scottish charities a fast-response service to help them find appropriate candidates at a lower cost.The One Day Shortlist includes a guarantee to produce a shortlist of four candidates within one day and arrange interviews within a week, thereby keeping charities’ recruitment costs down.Rise claim that “successful placement will take place in between one and five weeks”. The company is offering candidates in finance, administration, fundraising and human resources.Adam Gordon, Rise’s director, said: “Rise teams assess 20,000 candidates and place 4,500 a year and we are crucially aware of the Third Sector’s needs and expectations.“With reduced discretionary spending adversely affecting charitable giving across the UK, many charities are keen to seek best value and the One Day Shortlist is a practical, efficient and cost-effective avenue for them”.www.risegroup.co.uk About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Tagged with: Consulting & Agencies Recruitment / people Scotlandlast_img read more

Manchester United’s open training session to benefit charity

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Celebrity corporate Events  20 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 27 July 2010 | News Manchester United is giving fans the chance to watch players train at an open training session at Old Trafford, with all proceeds from the day being donated to the Manchester United Foundation to fund its work in the local community.Tickets are £6 for adults and £3 for children and concessions. Fans should get to see the likes of Wayne Rooney, Ryan Giggs and Javier ‘Chicharito’ Hernandez. Open Training starts at 9am, and the day will include fairground rides, inflatables and fun activities for the children.Other entertainment on the day includes music from X-factor star Olly Murs and an international U15 tournament, granting some of the best youth players in the world an opportunity to display their talent. Former “fledglings” to compete in this tournament include Robinho, Torres, Iniesta, Fabregras and United’s very own Da Silva twins.Friends of the Foundation receive a 50% discount for this event. Tickets can be booked by calling 0161 868 8000.www.mufoundation.org Manchester United’s open training session to benefit charity About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

Heart sculpture is symbol of University’s £4m appeal

first_img Howard Lake | 14 February 2011 | News Heart sculpture is symbol of University’s £4m appeal An anonymous donor has paid for a sculpture of a heart by an internationally acclaimed sculptor which will serve as the symbol for the £4 million fundraising appeal for a new Cardiovascular Research Centre (CRC) at Leicester’s Glenfield Hospital.The donor said: “It is a happy coincidence that a sculpture previously exhibited by the University in its annual summer show fits so well as a symbol of the appeal for the new Cardiovascular Research Centre at Glenfield. I was happy to enable the alliance between the two…”Building on its reputation in cardiovascular medicine, the University of Leicester is seeking funds to build and equip the new £12.6 million Research Centre. It has already committed over £8 million of its own funds to the project.The sculpture, ‘Stranded Heart’, was created by sculptor and environmental artist, Diane Maclean, FRBS, who has a personal interest in the appeal. She said: “My father was a cardiac surgeon, so I understand the importance of the new Cardiovascular Research Centre and want to support it. I was delighted to forego my commission and offer my work to the University at cost in order to encourage this effort.”Steve O’Connor, Director of Development at the University, added: “Heart disease touches thousands of families across Leicestershire and this wonderful sculpture is a remarkable example of individual generosity and support for the CRC appeal.”www.le.ac.uk/crcappeal AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  38 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Tagged with: Individual giving valentines daylast_img read more

Cause4 named top 50 hottest UK tech start-up

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis22 Tagged with: Awards fundraising Technology Cause4 named top 50 hottest UK tech start-up Advertisement  119 total views,  1 views today Cause4, the social enterprise that helps charities and other social enterprises find ways to grow, has been named by Silicon Valley Comes to the UK (SVC2UK) as one of the UK’s 50 hottest tech ‘Start up to Scale up’ companies.Now In its tenth year, SVC2UK invited 50 UK high-growth technology companies to join its 2016 ‘Scale Up Club’, including Cause4, as well as Touchnote and Snapfashion. The 2016 programme began on 1st November, and offers mentoring and support from entrepreneurs and investors from both the US and the UK, as well as debates, roundtables and masterclasses, and culminating with its annual CEO Summit. As one of the 50, Cause4 will continue to receive mentoring and networking support through the network to help it achieve further scale.Set up in May 2009, Cause4 has raised over £46 million for clients, with initiatives including the Arts Fundraising & Philanthropy programme of training and mentoring.In the last year, Cause4 has invested heavily in a digital strategy function, enabling it to work with charities in the UK and internationally to exploit technology to support growth strategies and fundraising. As a result, Cause4’s digital team can now help charities navigate and select the right digital services and partnerships to support their growth across key aspects of fundraising, communications and infrastructure.Michelle Wright, Cause4 founder and CEO (pictured), said:“Charities that don’t make best use of technology will get left behind or face collapse. The charity sector deserves the same investment as the private sector. A visit to some charities can feel like stepping back in time. If charities are going to survive in this post-Brexit environment, they have to take the same attitude to success as private sector companies, they won’t get any dispensation just because they are not part of the corporate world.”SVC2UK was set up by investors and entrepreneurs Sherry Coutu, Ellen Levy, and Reid Hoffman, the founder of Linkedin. Cause4 is a social enterprise and certified B-Corporation, meaning that it measures its social impact based on the level of income achieved for clients, and the associated impact of programmes across multiple beneficiary communities. About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.  120 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis22 Melanie May | 17 November 2016 | Newslast_img read more

Interview with June O’Sullivan MBE, CEO of London Early Years Foundation

first_imgInterview with June O’Sullivan MBE, CEO of London Early Years Foundation Howard Lake | 11 April 2018 | News Tagged with: Awards leadership social enterprise June O’Sullivan MBE, CEO of London Early Years Foundation, was recently shortlisted for the Veuve Cliquot Social Purpose Award. UK Fundraising asked her about her success in establishing the social enterprise and in generating income.Q. What was your reaction to being one of the finalists for the Veuve Clicquot Social Purpose Award this year? I was delighted to be nominated as a Veuve Clicquot finalist. What’s more, it was particularly important that both social enterprises and childcare businesses are finally being recognised.Q. Growing a new organisation is often one of the biggest fundraising challenges, how did you approach that?We don’t fundraise in the traditional way. We have built a business model that enables us to use the fee strategy and cost controls to subsidise nearly 40% of children who come from poor and disadvantaged homes. We also ensure our model drives not just through our fee approach but also because we run nurseries in poor neighbourhoods as well as managing local authority contracts where we actively support children with additional learning needs or those subject to child protection concerns.Q. What helped you choose the social enterprise model against the traditional charity format for your organisation?I chose a social enterprise model because I realised that supporting children to access nursery education should be a business and not a charity. This needed to give me the ability to plan and innovate. I thought the dependency on an old-fashioned funding model would not work.Q. Did you have a clear fundraising strategy at the beginning?I wanted to build a model which had a core business model that delivered a triple bottom line; economic, social and environmental. I wanted us to have this as core to our business model. I wanted that approach rather than trying to make profit that could be used to support charitable projects.That was too dependent on the annual profit, how people wanted to use it and more short term than an actual model where the purpose was core and profit would be used to strengthen the existing model.Q. It’s interesting that you use the phrase “profitable” about a charity. Do you think that this focus has contributed to you and your organisation’s success?Many charities, I’ve found, tend not to speak of being profitable.  For me it’s all about adding value to the core. Profit is the word that drives business.Without it I can’t deliver improvement, pay for research, test new ideas, give staff pay rises etc. It’s what you do with profit that matters and I ensure we use it to our best advantage. Profit is central to actually delivering and growing the service. I did notwant to run the risk of a charity approach dependent on fundraising where you run the risk of mission drift where so many charities have to chase the funds – putting them at risk.Q. Given the financial challenges faced by many charities, do you expect to see more social enterprises formed? Absolutely! Social enterprises do great work – whether it’s tackling social problems, improving people’s life chances, providing education, supporting communities or helping the environment. More must be done to shed light on this as many socialenterprises are often overlooked.Q. If you were setting up a new organisation now would you opt for the social enterprise model or the charity?I’d most certainly opt for a social enterprise. This year, LEYF celebrates 10 years as a social enterprise and a forward thinking, progressive organisation that is proud to be doing business differently.We currently provide a service for 4,600 children, employing 680 staff locally – along with 50 apprentices across 11 London boroughs so hopefully we are doing something right.Q. What’s next for LEYF?Embracing our core values, LEYF will be pioneering some major initiatives during 2018 including:• A targeted campaign continuing to support men in childcare – promoting the essential requirement for a mixed-gender Early Years workforce which celebrates diversity and integration.• A partnership with Bikeworks, a social enterprise based in Bethnal Green, who will be generously donating 88 bikes for nursery children as part of a joint initiative to get children active and help curb the Capital’s escalating childhood obesity epidemic. With statistics showing that one in five children in the UK start school either overweight or obese and experts warning of an ‘absolutecrisis’ in child health leading to future heart disease, cancer and diabetes, the bike donation will be spread across 16 of LEYF’s 37 nurseries. LEYF’s long-term ambition for this initiative is for Sadiq Khan to follow Boris Johnson’s legacy but, this time, give every London child access to a bike whilst at nursery.• Continuing the successful partnership with Drag Queen Story Time (DQST) to connect children and drag queens through the art of storytelling and fun interactive events. The project aims to teach children of all ages to spread a message of tolerance and kindness whilst providing fun and inclusive book reading for children –especially at a time when many children’s educationaldevelopment is being dominated by digital culture such as iPads and Smartphones.• To look at building a school where we can extend our social enterprise model and pedagogy.• Create the LEYF International Institute of Pedagogy. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  214 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10 AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10 Advertisement  213 total views,  1 views todaylast_img read more

Why European nations must protect Edward Snowden

first_img June 8, 2021 Find out more to go further July 3, 2013 – Updated on January 20, 2016 Why European nations must protect Edward Snowden June 7, 2021 Find out more News Help by sharing this information On October 12, 2012, the European Union won the Nobel Peace Prize for contributing to the “advancement of peace and reconciliation, democracy and human rights in Europe.” The EU should show itself worthy of this honor and show its will to defend freedom of information, regardless of fears of political pressure from its so-called closest ally, the United States.Now that Edward Snowden, the young American who revealed the global monitoring system known as Prism, has requested asylum from 20 countries, the EU nations should extend a welcome, under whatever law or status seems most appropriate.Although the United States remains a world leader in upholding the ideal of freedom of expression, the American attitude toward whistleblowers sullies the First Amendment of the U.S. Constitution.In 2004, the UN special rapporteur for freedom of expression, as well as his counterparts in the Organization of American States and the Organization for Security and Co-operation in Europe issued a joint call to all governments to protect whistleblowers from all “legal, administrative or employment-related sanctions if they act in ‘good faith.’” Whistleblowers were defined as “individuals releasing confidential or secret information although they are under an official or other obligation to maintain confidentiality or secrecy.”More recently, the Parliamentary Assembly of the Council of Europe resolved in 2010 that, “the definition of protected disclosures shall include all bona fide warnings against various types of unlawful acts.” The Assembly’s Resolution 1729 concluded that member countries’ laws “should therefore cover both public and private sector whistle-blowers, including members of the armed forces and special services.”Some are calling for a manhunt for Snowden on the grounds that he is a traitor, and others are trying to cloak the issues he raised in legalistic complexities. But what serious person can deny that Edward Snowden is a whistleblower?The digital communications specialist’s revelations have enabled the international press, including the Washington Post, The Guardian, and Der Spiegel, to shine a light on a surveillance system that tracks tens of millions of citizens, Europeans among them.Targeted by an apparatus that threatens their sovereignty as well as their principles, the EU countries owe Snowden a debt of gratitude for his revelations, which were clearly in the public interest.This young man will remain abandoned in the transit zone of the Moscow airport only if the European countries abandon their principles, as well as a major part of the raison d’être of the EU. Expressions of diplomatic outrage will be empty gestures if the person responsible for the revelations is left isolated and abandoned.Beyond the necessity of providing a legal shield for whistleblowers, the protection of privacy is a matter of clear public interest, especially in the realm of freedom of information. Frank La Rue, the UN special rapporteur on freedom of expression, noted in a report last June that “arbitrary and unlawful infringements of the right to privacy…threaten the protection of the right to freedom of opinion and expression.”The confidentiality of written and oral exchanges is essential to ensuring the exercise of freedom of information. But when journalists’ sources are compromised, as happened in the case of The Associated Press; when the United States abuses the Espionage Act, a 1917 law that has been invoked a total of nine times against whistleblowers, six of these cases under the Obama administration; when the government tries to silence WikiLeaks by imposing a financial embargo on the organization and by subjecting associates and friends of Julian Assange to abusive searches when they enter the United States, when the site’s founder and his colleagues are threatened with U.S. prosecution, more than American democracy is threatened.Indeed, the very model of democracy that the heirs of Thomas Jefferson and Benjamin Franklin are responsible for upholding has been robbed of its essence.By what right is the United States exempt from principles that it demands be applied elsewhere?In January, 2010, Secretary of State Hillary Clinton gave a historic speech in which she defined freedom of expression as a cornerstone of American diplomacy. She reiterated that position in February, 2011, in another speech in which she said that “on the spectrum of internet freedom, we place ourselves on the side of openness.”Eloquent words. They may have brought encouragement to dissidents in Tehran, Beijing, Havana, Asmara, Ashgabat, Moscow and so many other capitals. But how disappointing to find that the skyscrapers of American surveillance have reached a size to match China’s technological Great Wall.The White House and State Department message of democracy and defence of human rights has lost considerable credibility. One sign of widespread concern – Amazon has reported a 6,000% increase in sales of the George Orwell classic, 1984.Now, with Big Brother watching us from a Washington suburb, the key institutions of American democracy must play their assigned roles of counterweight to the executive branch and its abuses. The system of checks and balances is more than a slogan for avid readers of Tocqueville and Montesquieu.American leaders should realize the glaring contradiction between their soaring odes to freedom and the realities of official actions, which damage the image of their country.Members of Congress must be capable of holding back the tide of security provisions of the Patriot Act by recognizing the legitimate rights of men and women who sound the alarm. The Whistleblower Protection Act must be amended to ensure effective protection for whistleblowers who act in the public interest – an interest completely separate from immediate national concerns as intelligence services interpret them.Photo : Anthony Devlin / AFP Respect judicial independence in cases of two leading journalists in Serbia and Montenegro, RSF says “We’ll hold Ilham Aliyev personally responsible if anything happens to this blogger in France” RSF says RSF calls for a fully transparent investigation after mine kills two journalists in Azerbaijan Follow the news on Europe – Central Asia News News The general secretary of Reporters Without Borders Christophe Deloire, and WikiLeaks founder Julian Assange co-sign today an Op-Ed in Le Monde to call out the states of the European Union to protect Edward Snowden. Organisation News June 4, 2021 Find out more Receive email alerts RSF_en Europe – Central Asia Europe – Central Asia last_img read more