21 Apr

Premier obtains deferral for covenant test

first_imgPremier Foods has announced that it has obtained an agreement from its banking syndicate to defer the group’s forthcoming financial covenant test from 31 December 2011 to 31 March 2012.The firm, which owns brands such as Hovis and Mr Kipling, said the agreement formed part of its discussions about the longer-term refinancing of the group’s debt, and said it confirmed ongoing support from the bank for its business.Michael Clarke, chief executive officer, said: “In recent weeks, we have set out our priorities and made significant leadership changes to strengthen our focus. We are now moving quickly to finalise our detailed growth plans to ensure we continue to build momentum in the business.”He added: “This is an important step towards securing a longer-term financial foundation for the business.”In October this year, Premier announced it was in “constructive discussions” with its banks on the possibility of putting in place refinancing facilities beyond their current maturity of December 2013.“These discussions continue to be constructive and the banking syndicate has confirmed that it remains supportive both of the business and the continued discussions,” said the firm.>>Hovis boss must look at bottom line, say analysts>>New head announced for Premier’s bakery businesseslast_img read more

17 Oct

BLOG: New Plow Tracking Technology Put To The Test

first_img By: Leslie S. Richards, Secretary of Transportation January 26, 2016 BLOG: New Plow Tracking Technology Put To The Test Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolfcenter_img Blizzard 2016,  Innovation,  The Blog,  Weather Safety Much of the state just experienced historic snowfall that brought, in some cases, a winter’s worth of snow over a couple of days. Thankfully, many Pennsylvanians heeded our warnings to not travel during this hazardous weather. But without being on the road, it can be hard to assess conditions, especially for those who don’t have the option to stay home.On Saturday afternoon, a PennDOT plow was the only vehicle on part of Interstate 81.This winter, we have made available on www.511PA.com the location of more than 700 PennDOT and contracted plow trucks across the state. These trucks cover mostly interstates and expressways, and are part of our Automated Vehicle Location (AVL) system pilot. While these 700 trucks don’t represent all of PennDOT’s more than 2,200 trucks statewide, making this information available is a great resource for the public.Check out the story from the Philadelphia Inquirer, and how NBC 10 in Philadelphia showed their viewers how the plow tracker works.We were very pleased to see media, customers and officials alike sharing this resource online (just search “PennDOT track” on Twitter). And the numbers show that 511PA, which also offers travel alerts, traffic cameras, alerts on speed and vehicle restrictions and more, was used by hundreds of thousands of customers. The website saw 379,000 visits from Friday through Sunday – 173,000 of those came on Saturday, making it the highest number of visits since the site launched in 2009. From Friday through Monday, more than 121,000 of the visits used the “Plow Truck” option.And, as they say, there’s an app for that! While the 511PA app primarily gives hands-free, eyes-free travel updates while you’re traveling, you can also use it before you go to check our traffic map where you can see the plow truck information. We’re still getting numbers for the whole weekend, but on Friday when the storm started, nearly 10,000 people downloaded the iPhone or Android app, bringing the total number of app users to more than 112,000!Through a weekend that relied so heavily on our services, we were glad to have another example of PennDOT’s efforts to support a Government That Works for Pennsylvania drivers. SHARE Email Facebook Twitterlast_img read more

20 Sep

Fixture against Jordan important for team, says coach Constantine

first_imgNew Delhi: India’s coach Stephen Constantine on Wednesday said that the fixture against Jordan would prove to be extremely beneficial for the national football team.In their preparation for the AFC Asian Cup in January 2019 in UAE, India will clash swords with Jordan on November 17, in an attempt to experiment tactics and gain valuable experience going into the mega competition next year.The clash against Jordan comes on the back of a goalless draw against powerhouses China in October where India dished out a superb performance to catch Marcelo Lippi’s men in a stalemate.“We want to do well in our preparation for the AFC Asian Cup and the clash against Jordan will aid us in that as Jordan are a good side and they have a number of good players in their ranks”, Constantine said.“We need to play teams like Jordan leading up to the AFC Asian Cup where we would be under pressure. Even the game against China was the same where if you commit a mistake around the 18 yard box, you can easily concede. However, both sides are good technical sides and both will present different challenges.”“We have a plan that we would like to implement during the game and we have watched the teams a lot. We had watched China three to four times and we are prepared for the challenges that come our way,” he added. India departs for Jordan on Thursday after a three-day camp in the capital where 30 players were called by the coach including 18-year-old FIFA U-17 World Cupper Komal Thatal.However, the Indian ranks will be without the presence of talismanic Sunil Chhetri who has been ruled out of the tie due to an ankle injury.“Sunil missing for the clash against Jordan is a big blow for us. He is a great player and has been fantastic for us. He is one of those players that is irreplaceable but somebody has to take his place for the match against Jordan.“However it is a great opportunity for young players to step up and although you cannot find a player of his calibre and class we need to see if the young player step up and take this opportunity.“We need to find somebody who will be there when we don’t have Sunil Chhetri so that there is no void left in the team,” Stephen explained.India are in Group A of the AFC Asian Cup 2019 alongside hosts UAE, Thailand and Bahrain and face Thailand in their opening match on January 06, 2019.Complementing the Indian backline, Stephen said: “We would be under pressure in the AFC Asian Cup and our backline has been pretty stable. We want to put out the best team in the AFC Asian Cup to win taking into consideration the factors of the other teams and their quality.” (IANS) Also Read: Sports Newslast_img read more