DONEGAL ‘CORNER SHOP’ IN FIGHT FOR SURVIVAL AS 40 CLOSE IN TWO YEARS

first_imgMore than 40 corner shops across Donegal have closed down in the last two years.And trade is down by more than 15% for those still in business according to Chief Executive of the Convenience Stores and Newsagents Association.Vincent Jennings said local shop owners are facing a huge uphill battle to keep their open signs up. He warned the recession is taking its toll with the government, banks and wholesalers heaping more pressure on shopkeepers.“Banks are withdrawing overdraft and loan facilities leaving some shop-owners unable to weather the economic storm.“Suppliers are increasing their wholesale prices, which the retailer cannot pass on to hard-pressed customers,” he said.Family-run and local shops are also facing the increasing threat of anti-social behaviour as well as an increase in shoplifting and hold-ups, he added. He also urged local authorities not to see the local shop owner as a soft touch for easy revenue but to set ‘realistic rates and fair charges’.‘Our customers value the convenience of shopping in well appointed stores open at times and in locations that suit them.“But the actions of the government, banks and wholesalers make it very hard for our members to survive without compromising on the value and service the shopper wants’, said Mr. Jennings.Accountants and business advisers are meeting Donegal shop owners on a daily basis trying to work out business survival plans, he said.He claimed government policy of implementing ‘excessive excises and VAT hikes’ is playing a major role in the sector’s dire difficulties. DONEGAL ‘CORNER SHOP’ IN FIGHT FOR SURVIVAL AS 40 CLOSE IN TWO YEARS was last modified: August 8th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:corner shopsdonegalVincent Jenningslast_img read more

Scorpio Bulkers Adds USD 34 Million to Loan Tally

first_imgzoomIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license Monaco-based bulker owner and operator Scorpio Bulkers is pushing ahead with its fleet refinancing efforts having secured a commitment from an unnamed European financial institution for a loan facility of up to USD 34 million. The loan facility will be used to finance up to 62.5 pct of the fair market value of two Kamsarmaxes, SBI Jive and SBI Swing.The loan, which is expected to close within the third quarter of 2018, will be comprised of a term loan up to USD 17 million and a revolver up to USD 17 million, Scorpio said.It a final maturity date of seven years from signing date and bears interest at LIBOR plus a margin of 2.35% per annum.The loan is expected to increase the company’s liquidity by approximately USD 10 million after repayment of the vessels’ existing debt.The latest deal comes just a month after Scorpio received a commitment for a loan facility of up to USD 184 million.The loan, secured from Nordea AB and Skandinaviska Enskilda Banken AB, will be used to finance six Ultramaxes.The company has been on a major capital raising camping over the recent period which also included inking a loan of USD 60 million in July and USD 30 million in June 2018 for vessel refinancing.last_img read more

The Red Cross gives the 2020 Land Rover Defender the ol whatfor

first_imgEnlarge ImageShots of cars in sand dunes never get old. Land Rover We’re slowly approaching the point where Land Rover will finally pull back the veil on its hotly anticipated 2020 Defender SUV. However, today isn’t that day, which means we’ll have to live with more cool pictures of a camouflaged Defender for now. Shucks.Land Rover on Friday released a new smattering of pictures showing the 2020 Defender tackling the sand dunes in Dubai. Part of the Defender’s testing program ahead of its official unveiling, Land Rover teamed up with the International Federation of Red Cross and Red Crescent Societies to give this little ute the ol’ what-for in an area where its buyers are likely to travel.Out in Dubai, the Defender didn’t just whip around the dunes. It also tackled hairpin curves on the Jebel Jais highway. Temperatures shot past the triple-digit mark, which makes it a great place to suss out the Defender’s high-temp behavior, as well. It also tackled altitudes well above the one-mile mark, ensuring its engine doesn’t choke itself out when the air gets thin. Share your voice Land Rover Tags 2018 Range Rover Velar: Effortless SUV elegance on- and off-road Land Rover Post a comment 33 Photos SUVs Luxury cars Future Cars 2020 Land Rover Range Rover Evoque review: Style, now with more substance Land Rover first announced the return of the Defender in late 2018, and it revealed that the model would finally return to the US, as well, following a 23-year absence. Its boxy good looks have remained hidden by camouflage, but Land Rover hasn’t been shy about throwing out a whole lot of teasers ahead of its anticipated debut, which could come as early as the Frankfurt Motor Show in September. Even rumors have been few and far between. The most notable one we’ve heard about, though, is that the Defender will be available in three sizes — 90, 110 and 130, with the smallest being a three-door model. We’ve also seen what appears to be the Defender’s interior thanks to some clever spy shots. If you can’t afford one, don’t worry, because Lego has a Technic Defender coming out, which should be significantly easier on the wallet. 2020 Land Rover Defender hits the dunes of Dubai More From Roadshow 0 2019 Land Rover Range Rover P400e review: A hard hybrid to recommendlast_img read more

Aditi Rao Hydari says she had to make out with stranger during

first_imgAditi Rao Hydari’s wild and sensuous love making sceneYouTube ScreenshotAditi Rao Hydari, who had earlier spoken about losing work after she refused to sexual favours during her struggling days, has revealed that she had to make out with a stranger during the audition of 2011 romantic drama Yeh Saali Zindagi.”I don’t have any whacked out stories from auditions, except the ‘Yeh Saali Zindagi’ audition where I had to literally make out with someone I didn’t know,” Aditi told Anaita Shroff Adajania in her chat show Feet Up With The Stars season 2.In the film, Aditi was paired opposite actor Arunoday Singh who had made his debut with the film. “But at that point, I didn’t know him and he was a huge hulk of a guy and I was just like, ‘Uh…what’s going on here?'” Aditi said adding that he was very polite.Aditi played the wife of a former convict which was portrayed by Arunoday Singh. The wild and sensuous love making scene between the two had become the talking point in the industry and it also helped Aditi garner immense popularity. In fact, she also won the Screen Award for the Best Supporting Actress in the film.For the uninitiated, Aditi had tied the knot with actor Satyadeep Mishra when she was 21 and later got separated. So when she was asked about dating game, she replied, “If I got into a relationship like that at 21, my dating game would be zero, right? I don’t think I know how to date. After that, I joined the movies. What dating am I going to do? I don’t know how to date.”Watch Aditi and Arunoday’s popular intense love making scene here:(With IANS Inputs)last_img read more