Average total returns were 0.2% in July, and retail and industrial prices fell in July by 0.6% and 0.3% respectively. Only the office market bucked the trend with a rise of 0.3%. The figures, based on 4,300 properties with a total value £58.5bn, seem to confirm the view that commercial property investors will no longer pay such high prices. Average yields have dropped from 5.5% in mid-2005 to 4.56%. Five-year swap rates have gove from 4.5% to 6.1. There is no longer a positive gap between the two. IPD’s consensus forecast for capital growth in 2007 has fallen from 4% to 3.2% since May.
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That’s according to newly published research by DNV GL. New Directions, Complex Choices: The outlook for the oil and gas industry in 2020, is based on a survey of more than 1,000 senior oil and gas professionals and in-depth interviews with industry executives. The research suggests that significantly, more companies are pursuing multiple routes, including diversifying into renewable energy, decarbonising oil and gas production, and increasing investment in decarbonised gas such as hydrogen.“While the industry is experiencing persistent uncertainty, growing complexity, and new risks, we also see an industry taking bold decisions, building greater efficiencies and rising to long-term challenges as the world pivots towards a lower carbon energy future,” said Liv Hovem, CEO of DNV GL – Oil & Gas.“Our research shows that the oil and gas industry has placed decarbonisation at the centre of its agenda, and it will remain a priority despite uncertainty from volatile market conditions and stalling expectations for industry growth in 2020.” Oil and gas companies’ plan to increase investment in renewable energy sources is up from 34% in 2019 to 44% in 2020, according to the research. Offshore wind leads this effort with 63% of organisations expecting to increase their investment, up from 40% last year.The industry’s intention to increase investment in the hydrogen economy has more than doubled in a year. 42% of respondents said they would boost spending in this area for 2020, up from 20% for 2019.“More and more people in our sector are realising that we cannot sit and wait for the perfect solution to jump to a completely decarbonised energy system. The industry will emit too much CO2 in the meantime, so we have to start on decarbonising the oil and gas sector with the technologies we have already in order to meet national and international climate goals.”Cost efficiency will be the top priority for nearly one third of senior oil and gas professionals’ organisations (32%), up from 21% a year ago. Eight out of ten (81%) respondents believe the industry needs to develop new operating models to achieve further cost efficiencies, recognising the fact that much of the more obvious cost-cutting has already taken place following the 2014 oil price crash.Read more like this – subscribe todayEnjoyed this story? Subscribe to gasworld today and take advantage of even more great insights and exclusives in industrial gases.Visit www.gasworld.com/subscribe to access all content and choose the right subscription for you.
Carnegie Wave Energy has completed the installation of its second wave energy unit off Garden Island, at Perth Wave Energy Project site.The unit has now been operating for over a week, and according to the company, is performing in line with the expectations. It was installed during one day time period.Both installed units are generating electricity, with the Project awaiting final approval from Western Power to feed the electricity to the grid at HMAS Stirling.Michael Ottaviano, Carnegie’s Managing Director, said: “The integration of multiple wave energy convertors is critical to demonstrating the principles of future CETO wave farms. With the recent completion of onshore plant and grid connection works, we are eagerly anticipating the world-first milestone of feeding electricity into the grid at HMAS Stirling.”[mappress mapid=”150″]Image: Carnegie Wave
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This follows the announcement earlier this month about its debt buyback. Dockwise reserves the right to continue to purchase floating rate first lien debt on a bi-lateral basis. For further information please contact: Fons van Lith Tel: +14415991818 or +31 6 51 314 952Email: firstname.lastname@example.org
More than 1,000 firms are to be freed from the requirement to submit accountants’ reports to the Solicitors Regulation Authority.The SRA Board today agreed new criteria for submission of accounts to lift the burden on smaller firms regarded as less of a risk.Firms dealing exclusively with legal aid are already exempt from the requirement, and the SRA will expand that exemption to include all firms with an average account balance of less than £10,000 over a year and a maximum account balance of £250,000.The changes are thought to affect around 1,000 law firms in England and Wales.As well as lowering the burden on firms, the SRA will also seek to reduce its own workload by removing the requirement to submit so many accounts. More than 9,000 reports are submitted every year, of which around half are qualified by accountants for a perceived breach.However, just 200 of these submissions lead to any referral or further investigation.The reforms will also encourage accountants to use their professional judgment to assess reports they prepare and remove the need to qualify accounts for trivial breaches of accounting rules.’Some firms may find that obtaining reports is very expensive because of their size and structure, so it makes sense to use accountants’ expert views in this way to ensure value for money,’ said Crispin Passmore, executive director for policy.’Where firms hold smaller amounts of client money and are relatively low risk, relaxing the current arrangement is sensible.’The SRA floated the idea last year of removing reporting requirements altogether, but it was felt that this would pose too great a risk for clients.The current proposal went for consultation in November 2014 and received 42 responses.SRA board chair Enid Rowlands (pictured) said the new policy is a sign of the organisation’s new emphasis on ‘proportionate’ measures which are more effective. ‘There are other ways of finding information which analyse risk which work better than adding this layer of bureaucracy,’ she added.
Sharing is caring! LocalNews Plans to purchase vessel for exporting produce progressing by: – October 22, 2013 Share 33 Views one comment Tweet Share Share Plantain, banana and coycoy on display at the 2013 Market day with a Difference in Marigot on Saturday, 19th OctoberThe Dominica Government is currently engaged in discussions with private sector boat owners with a view to purchasing a vessel to export the island’s local produce.Prime Minister Roosevelt Skerrit revealed at a press conference on Monday, 21st October that the purchasing of the vessel, as announced in the 2013/2014 budget presentation in July, will assist the government in facilitating exports.“As it is now, the transportation south of Dominica is highly compromised and we’re unable to take advantage of the markets in Barbados and Trinidad and so forth because of the inadequacies of the transportation to the south”.The Prime Minister noted that the intention is that his government would purchase the vessel and enter into a management contract with a Dominican who would be able to operate and manage this boat.Dasheens and yams on display at the 2013 Market day with a difference in Marigot on October 19“The government’s real interest is the facilitation of exports, the facilitation of trade which will no doubt bring immense opportunities insofar as job creation is concerned”. During his Budget Address, Mr Skerrit said EC$4 million has been allocated to purchase a boat.“We’ve put in the budget four million dollars to purchase a boat for the transportation of produce from Dominica to our existing markets in the region and to also assist the existing boat operators in improving their vessels”.Dominica Vibes News
While carrier-led deployments account for more than 47% of in-building wireless deployments today and vendor-led deployments sit close to only 10%, third-party/neutral hosts control close to 43% of overall market deployment revenue and are set to grow that share to over 54% by 2020. ABI Research anticipates that the industry will see a larger concentration of neutral hosts funding enterprise projects in the years ahead.As carriers transfer assets to neutral host companies, such as Crown Castle, carrier-led ownership will decline worldwide, with tower companies taking on the bulk of the in-building wireless business. They forecasts that carrier-led deployment share will drop to less than 29% by 2020, with third-party/neutral host share increasing to hold a majority share and venue-led to 17%. Enterprises are funding more in-building wireless projects on their own, as they see the associated benefits, including increased employee productivity, customer satisfaction, and higher property and lease revenues.The benefits to the enterprise include complete control of the Distributed Antenna System (DAS) network, their ability to customize the DAS network, and the rights to engage with a third-party/neutral host that will operate, manage, monitor, and repair the DAS network as needed. Challenges will occur however, and venues can expect to work to overcome several obstacles including capital constraints and limited resources.These findings are part of ABI Research’s In-Building Systems Services, which includes research reports, market data, insights, and competitive assessments.
Fans will be allowed to attend the UEFA Super Cup match between Bayern Munich and Sevilla in Budapest on Sept. 24, European soccer’s governing body said on Tuesday.All games in the recent Champions League and Europa League final stage mini-tournaments have been behind closed doors.UEFA’s executive committee ruled that up to 30 per cent of the 67,215 capacity Puskas Arena in the Hungarian capital can be taken by fans.However, UEFA said that all other UEFA matches, including the upcoming Nations League matches and club competition qualifiers, will be played behind closed doors until further notice.The Budapest match is being viewed by UEFA as a test for their ‘Return to Play’ plans.It has not yet been decided if whether only local fans or travelling supporters would also be allowed to attend the match.“While it has been important to show that football can carry on in difficult times, without fans, the game has lost something of its character.“We hope to use the UEFA Super Cup in Budapest as a pilot that will begin to see the return of fans to our matches,” said UEFA president Aleksander Ceferin.“We are working closely with the Hungarian Federation and its government to implement measures to ensure the health of all those attending and participating in the game,” he added.The super cup is seen as Europe’s international club season opener, featuring the previous season’s Champions League winner against the Europa League winner.