Established in 1997, the Tesco banking business employs thousands of staff in Edinburgh, Glasgow and Newcastle.
Established in 1997, the Tesco banking business employs thousands of staff in Edinburgh, Glasgow and Newcastle.

Edinburgh-based Tesco Bank’s chief executive Gerry Mallon described the acquisition of Ageas’s holding in Tesco Underwriting as a “significant step” in the financial division’s development.

Tesco Bank will acquire Ageas’s 50.1 per cent stake in the underwriting joint venture for a total of £104 million plus Ageas’s part of any change in net asset value realised by Tesco Underwriting from 30 June until closing of the deal. In addition, Ageas will receive a reimbursement of an internal loan for an amount of £21m.

The bank said all parties would work closely “to ensure a smooth transition” ahead of the formal change in control, which is expected to take place in the second quarter of 2021.

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Bosses said the partnership had been valuable for both Tesco Bank and Ageas since the joint venture was established ten years ago, underwriting Tesco Bank-branded car and home insurance policies that have “proved popular with customers”. In 2014, the partnership was extended for a further seven years, to 2021.

The bank added: “This investment is in line with Tesco Bank’s strategy of focusing on propositions which better meet the needs of Tesco shoppers, and builds on the unique offering insurance customers already benefit from as part of the wider Tesco family, such as the guaranteed Clubcard discount.”

Ageas is to focus on developing its core business and broker distribution channel.

Mallon said: “[This] announcement is a significant step in Tesco Bank’s development which underlines our commitment to the insurance market and our customers.

“We look forward to doing more of what we know our customers want – offering products that have a strong emphasis on value,

fishing boats

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Fishermen can apply to either of two “tie-up” periods between mid-October and the end of November.

Northern Ireland’s fishing fleet is to be offered money to stop fishing as markets for its produce shrink due to Covid.

A £1.7m pot is available to fishermen who wish to stop fishing for six weeks.

They can apply to either of two “tie-up” periods between mid-October and the end of November.

The closure of pubs, restaurants and workplaces across Europe has seen a big reduction in demand for full prawns and scampi – NI’s main exports.

The cash will help will crew costs, mortgage payments on boats, insurance and harbour fees.

Agriculture Minister Edwin Poots came to Portavogie harbour in County Down to announce the scheme.

Eighty per cent of the cash is from an EU fund, the rest is match funding from the executive.

Image copyright
BBC Sport

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Agriculture Minister Edwin Poots announced the scheme in Portavogie

This is the second cash scheme for the fishing industry. The last one in April was entirely executive-funded.

The assistance has been welcomed by the two main fish producing organisations.

They said it would enable them to control supply and shore up prices while they waited for markets to recover.

About £400,000 of the cash is for smaller boats that fish predominately for crabs.

The bulk will cover larger boats which mostly land prawns.

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MIAMI, Oct. 2, 2020 /PRNewswire/ — A revamped private label CBD service company, publicly-traded under OTC: TNRG, The Hemp Plug, reduces production time of custom CBD products by 40%, giving CBD brands the ability to create their own unique products in less time than ever.

Businesses can now conceptualize their own unique CBD products, tapping into untapped markets, and gaining a competitive edge in the growing CBD market.

An industry leader in white label CBD services, The Hemp Plug (THP), has recently shifted focus to their private label CBD service, optimizing their product customization service. As part of their revamp, THP has added a new team dedicated solely to private label CBD services. This team is responsible for facilitating communications between the lab and business in order to reduce production time.

Through their efforts, THP has reduced the CBD product creation process from consultation to completion by 40 percent.

Along with an improved production time, businesses that have not traditionally had the means to test and manufacture new concepts now have the ability to lean on THP’s expertise and resources to create proprietary products that can be sold exclusively by their brands.

With the industry still growing, private label CBD services make it possible for brands to develop new and exciting niche products that stand out among the more common offerings of CBD oils, edibles, and smokables.

“At THP, we’re in the business of helping CBD brands find success in the industry. With our revamped private label CBD services, we can help our clients cash in on first-mover advantage with their original concepts, collaborating on never-before-seen products with custom ingredients, flavors, and packaging. We’re excited to see how these new and out-of-the-box ideas can shape the future of the industry.” said Adam Levy, CEO of The Hemp Plug.

A little over a month since her prominent appearance at the Republican National Convention, a report from the New Yorker’s Jane Mayer provides new information on how Kimberly Guilfoyle left her prior position at Fox News in the summer of 2018.

It was previously reported that the conservative attorney, who is now the Trump campaign’s finance chair and Donald Trump Jr.’s girlfriend, left her position as co-host of The Five during a sexual misconduct investigation. But on Thursday, Mayer published the first details of the accusations against Guilfoyle, which were made by a former assistant who accused her boss of repeated sexual harassment:

The woman was hired in 2015, just out of college, to work as an assistant for Guilfoyle and another former Fox host, Eric Bolling. According to a dozen well-informed sources familiar with her complaints, the assistant alleged that Guilfoyle, her direct supervisor, subjected her frequently to degrading, abusive, and sexually inappropriate behavior; among other things, she said that she was frequently required to work at Guilfoyle’s New York apartment while the Fox host displayed herself naked, and was shown photographs of the genitalia of men with whom Guilfoyle had had sexual relations. The draft complaint also alleged that Guilfoyle spoke incessantly and luridly about her sex life, and on one occasion demanded a massage of her bare thighs; other times, she said, Guilfoyle told her to submit to a Fox employee’s demands for sexual favors, encouraged her to sleep with wealthy and powerful men, asked her to critique her naked body, demanded that she share a room with her on business trips, required her to sleep over at her apartment, and exposed herself to her, making her feel deeply uncomfortable.

The details come from a 42-page complaint drafted by the assistant’s attorneys and sent to Fox