The car insurance boss who wants to motor into new foreign markets

first_img It is a case of ‘Recession? What recession?’ for motor insurance firm Admiral, which is in the middle of taking on 750 staff in the UK alone this year.And that means an awful lot of meetings for the Cardiff-based firm’s 53-year-old chief executive Henry Engelhardt. The Chicago-born boss meets every one of his new hires personally, and as part of his induction gives them a single piece of a jigsaw. “I do that because I want to illustrate that no individual on his own can complete a puzzle,” he says. “Only teamwork can give you the whole picture.”Engelhardt, amiable and relaxed, is sitting in a sixth floor meeting room of his advisers Bank of America Merrill Lynch in the City in a blue short-sleeved shirt and casual pants.It is fair to say that he is the heart and soul of the firm that has an eight per cent share of the car insurance market and a market valuation of £4bn. He headed the team that wrote the business plan to form the company in 1991, and led it through both a management buyout in 1999 and its initial public offering in 2004.He has seen the firm grow from a group of five people researching a business plan to become the only FTSE 100 company based in Wales, employing 3,800 staff, with units in Germany, Spain, Italy, and the US. The company also owns the price comparison website, The business fared well during the financial crisis and its aftermath. In March it posted full year pre-tax profits up seven per cent to £215.8m on sales up 18 per cent to £1.08bn.Around 95 per cent of the firm’s sales come from the UK. Its foreign units are all relatively new ventures of which Spain, which launched in 2006, is the oldest.Engelhardt and his French wife Diane own 15 per cent of the business, which together with other investments puts their wealth at £572m.Admiral has based its business around offering cheaper insurance to people who have in the past found that hard to get.“In general our book is skewed towards the under 40s, bigger cars and cities – London and the southeast in particular,” he says.“The amount of people buying our product has been quite stable over this period. No other product I know has the police riding around checking that you have bought it.”To price policies the firm uses a range of factors such as age, vehicle type, driving history and postcode.He adds: “We use a very complex rating structure from our own customer data, as well as using third party information. It is updated all the time.”Engelhardt says that competitive pricing allied with keen cost control drives the firm’s profits. He says: “Our business is very sensitive to price. On a £600 purchase people will move if they can save £5. That leaves us very little margin for error. That’s why we need to keep costs down, because it feeds directly into our prices.”The firm’s combined ratio – a key industry measure of claims and costs as a percentage of premiums – is 88 per cent on its UK business, and 89 per cent across the group. Many rivals in the sector have combined ratios of 90 per cent and above.The car insurance boss adds that the price of policies across the industry have been depressed to retain customers during the downturn, but he says that over the next 12 months they look set to rise.He adds: “Analysts think we will make more money in 2010 than in 2009. I am comfortable with that.” Engelhardt says he is happy with the pace of the organic growth the firm is showing and has no plans for major acquisitions.For this reason he says he is not keeping an especially close eye on rivals Direct Line and Churchill, which are both owned by the troubled Royal Bank of Scotland (and together account for 19 per cent of the car insurance market). The bank has said it plans to IPO the units before 2014. However, if conditions are not right analysts say a trade sale is possible. But Engelhardt says: “We don’t think we will be able to buy either of these firms without a lengthy monopolies and mergers investigation. And even if this is passed we think if they are sold to us it will give us such a hefty share of the market, the sellers will make us pay a large premium for it. We think we can grow pretty rapidly on our own.”Engelhardt points to the slew of foreign markets he has entered into over the last four years. He adds: “Spain was our first, it has an €8bn (£6.6bn) car insurance market and is the smallest foreign market we are in. There are a lot of opportunities out there.”Even though Admiral worked its staff hard to quickly establish itself in a mature marketplace, Engelhardt believes it is important to enjoy your work.Each month one of his departments is appointed the Ministry of Fun and has to think of a game for the rest of the office to play. In the past this has meant anything from table football competitions to egg roulette, where a mixture of boiled and raw eggs are cracked open on executives’ foreheads.The Admiral boss says: “If people like what they do, they will do it better.”Engelhardt is the son of a Chicago meat packing businessman, who took a degree in journalism at the University of Michigan. After that he drifted into a job as a runner on the Chicago Mercantile Exchange. But he did not stay there long, and then, at 29, he travelled to France and studied at the Paris business school Insead, where he met his wife before spending time in Asia. He settled in the UK where he became a management consultant with SRI in Croydon in 1988, and later joined insurer Churchill as the business was beginning. A few years later Engelhardt got a call from Lloyd’s of London agent Brockbank, which wanted to create a rival to Direct Line, which did not use brokers to sell insurance.Engelhardt took up the challenge and worked on the business model for some time, before setting up in Cardiff after the local council gave the project a £1m grant. Admiral opened its doors with 57 staff in 1993.In the mid-90s Brockbank changed hands twice, both times bought by Bermuda-based investment firms.“We went further and further down the food chain,” says Engelhardt. This led to a management buyout backed by Barclays Private Equity in 1999.Engelhardt was at the helm when the firm launched on the London Stock Exchange in 2004 floating at 275p, valuing the insurer at just over £700m. Today the firm trades at £15.10 and is valued at £4bn.Before the IPO, Engelhardt and his management team had created an employees trust, so when the float took place some 1,400 workers shared a pot of £60m. Some became millionaires, with the average handout being £39,000.“The day the firm floated, so many people got a share of what we had become. That was probably the best day of my working life,” says Engelhardt. The Admiral boss is a big Chicago Cubs fan, and the second thing he does in the office in the morning, after checking the daily sales figures, is cast his eye over the baseball results.It has not been good reading for him for some time.He says: “We have gone through the longest period without winning a league title than, I think, any other major sports club anywhere in the world. This is our 102nd year without the title. It has been a bad century for us.”The Cubs could do worse than push for Engelhardt as their next chief executive – he tends to get results.CV | HENRY ENGELHARDTAge: 53Work: Runner at the Chicago Mercantile Exchange; Management consultant at SRI; joined car insurer Churchill as it was setting up; chief executive at Admiral since 1993.Education: University of Michigan, read journalism; MBA from Insead business school.Family: Married with four children.Lives: Just outside Cardiff.Hobbies: He and his wife work with a number of charities, follows the Welsh rugby union team and the Chicago Cubs baseball team. The car insurance boss who wants to motor into new foreign markets Share Show Comments ▼ Tags: NULL whatsappcenter_img whatsapp KCS-content Sunday 22 August 2010 9:42 pmlast_img read more

BMW shares fall in spite of massive profit

first_img Tags: NULL Share KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterGloriousaCouple Wins Lottery, 5 Years Later, Their House Had To Be DemolishedGloriousa Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap CARMAKER BMW reported an enormous rise in profit yesterday, due to to rocketing sales in emerging markets, though investors were disappointed with the group’s outlook for the rest of the year. The German company reported third-quarter pre-tax profit of €871m (£760.6m), up from €76m a year ago. This represents an 11-fold increase. Sales in China have almost doubled since last year, far outstripping a 1.8 per cent rise in Western Europe. UK sales of the group’s BMW, Rolls-Royce and Mini models grew 13 per cent. Overall revenue rose 36 per cent on last year to €15.9bn, and the group raised its target for auto earnings before interest and tax equivalent to more than seven per cent of revenue this year from the five per cent-plus aimed for in August.However, shares fell 1.4 per cent to €51.64 as investors had hoped for a more upbeat outlook for next year. “BMW’s Q3 numbers confirm our view that the luxury auto segment has entered a new phase of profitability and that near double-digit margins were not just a peak in Q2 but a sign of a change in underlying profitability,” Barclays Capital analyst Kristina Church wrote. center_img Wednesday 3 November 2010 9:03 pm BMW shares fall in spite of massive profit whatsapp Show Comments ▼last_img read more

Gamma Civic Limited ( 2010 Annual Report

first_imgGamma Civic Limited ( listed on the Stock Exchange of Mauritius under the Industrial holding sector has released it’s 2010 annual report.For more information about Gamma Civic Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Gamma Civic Limited ( company page on AfricanFinancials.Document: Gamma Civic Limited (  2010 annual report.Company ProfileGamma-Civic Limited is a Mauritian company that provides services in construction, building materials, civil engineering contracting, equipment hiring, hospitality, lottery, corporate secretarial services, energy, trading activities, plant, and property investments. The segments that the company operates through are building materials, contracting, investments, lottery, corporate services, and others. Gamma-Civic Limited is listed on the Stock Exchange of Mauritiuslast_img read more

Chemical & Allied Products Plc ( Q32015 Interim Report

first_imgChemical & Allied Products Plc ( listed on the Nigerian Stock Exchange under the Industrial holding sector has released it’s 2015 interim results for the third quarter.For more information about Chemical & Allied Products Plc ( reports, abridged reports, interim earnings results and earnings presentations, visit the Chemical & Allied Products Plc ( company page on AfricanFinancials.Document: Chemical & Allied Products Plc (  2015 interim results for the third quarter.Company ProfileChemical & Allied Products (CAP) Plc manufactures and sells a range of paint finishers for the coatings sector in Nigeria under the Dulux and Caplux brand name. Products in its coatings range include vinyl silk, vinyl matt, vinyl soft sheen, eggshell, high gloss, weathershield masonry and special effect finishes. Emulsions, gloss and textured variants are sold under its Caplux brand. The company distributes and sells its product range through Dulux Trade and Caplux outlets in the major towns and cities of Nigeria. The company also produces a fire protection range which includes fire retardants, fire retardant coatings, fire stopping materials and fire extinguishers. Chemical & Allied Products Plc is a subsidiary of UAC of Nigeria Plc. The company’s head office is in Lagos, Nigeria. Chemical & Allied Products is listed on the Nigerian Stock Exchangelast_img read more

£2k to invest in UK shares? 2 FTSE 100 stocks I’d buy and hold for a decade

first_img See all posts by Roland Head Enter Your Email Address Roland Head | Monday, 24th August, 2020 | More on: ABF BNZL It’s easy to think you need to make regular trades to maximise your investment profits. But the best UK shares have a track record of outperforming the market over years or even decades.Today I’m going to look at two FTSE 100 stocks I’d be happy to buy today and hold for at least 10 years.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…Family firm since 1935My first UK share is Associated British Foods (LSE: ABF). This family-controlled FTSE 100 firm owns the Primark retail chain plus a wide range of food businesses, including Twinings, Kingsmill and Silver Spoon.ABF has been in business since 1935 and is still managed by a member of the founding Weston family today. This continuity has paid off. A £2,000 investment in ABF in 1990 would be worth £20,000 today, plus dividends. Over the same period, a £2,000 investment in the FTSE 100 would have grown to just £5,750.The coronavirus lockdown hit Primark hard. With no online trading, the group was completely shut for business during the period when non-essential retailers were closed. Profits from Primark are expected to fall by around 60% this year, to £300m-£350m.Bouncing backAssociated British Foods reported a net cash balance of £936m at the end of last year. This allowed the group to go into the pandemic from a position of strength.ABF’s unusually diverse mix of businesses has been an advantage too. Rising profits from the group’s food business have helped to offset lower profits at Primark.At the time of writing, the ABF share price is trading at around 2,000p. That prices this UK share at about 16 times forecast earnings, with a dividend yield of 2.2%. I reckon this could be a bargain for long-term investors. I’m confident that anyone buying this stock today is likely to be ahead of the market in 10 years.UK shares with international profitsIt makes sense to ensure that your investment portfolio provides exposure to countries other than the UK. But investing directly in foreign stocks means getting to grips with foreign markets and paying higher share-dealing charges.I prefer to invest in businesses that operate internationally. One of my top picks for international growth would be FTSE 100 stock Bunzl (LSE: BNZL). This firm may not be a household name, but it’s an essential supplier to businesses all over the world.Bunzl sources and distributes a huge range of items such as cleaning products, food packaging and safety equipment. These are generally consumable items that require regular repeat purchases.As you’d expect, Bunzl has traded well during the coronavirus pandemic. Strong demand for cleaning, hygiene and safety equipment lifted the group’s operating profit by 17% to £279.4m during the six months to 30 June.Although the company suspended its dividend during the early part of this year, last year’s final dividend will now be paid, together with an increased interim dividend for 2020.Bunzl’s strong performance this year isn’t just a flash in the pan. It’s been a long-term winner. A £2,000 investment in Bunzl in 1990 would be worth an astonishing £61,000 today.Although the Bunzl share is trading close to all-time highs at the moment, I don’t think the stock looks too expensive on 20 times forecast earnings. As with ABF, I think this UK share is a solid long-term buy at current levels. “This Stock Could Be Like Buying Amazon in 1997” 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! £2k to invest in UK shares? 2 FTSE 100 stocks I’d buy and hold for a decadecenter_img 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. 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. Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares Image source: Getty Images Roland Head has no position in any of the shares mentioned. The Motley Fool UK has recommended Associated British Foods. 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.last_img read more

Rene Ranger treats Henry Slade like a speed bump in Barbarians match

first_imgThursday Jun 5, 2014 Rene Ranger treats Henry Slade like a speed bump in Barbarians match Exeter Chiefs flyhalf Henry Slade made a solid senior England debut against the Barbarians at Twickenham. Not only did he score a try in the 39-29 defeat, but he showed great courage against an extremely physical Baa Baas side. With a few names ahead of him in the pecking order, 21-year-old Slade didn’t make it on the plane to New Zealand, but enjoyed what was a tough day at the office. He found himself having to tackle hard-running Rene Ranger on more than one occassion, which resulted in an impressive shiner.“He is a pretty tough bloke and I was just trying to bring him down, and thankfully I managed to do that, but his knee or one of his boots hit me in the eye,” Slade said post match.He got his body in the way of the Kiwi center as the Barbarians scored their first try. That opened up a cut that needed stitches, and shortly after returning to the field, Ranger hit him again. “They made a break down the outside, I tackled Rene Ranger, and either a knee or one of his boots hit me in the eye, and that was it really. I was just trying to get in the way of him and get him down for the second one, and luckily it worked.“It was just great to be back on the field and to be able to get on with it.”Slade ended with a try and 16-point haul, something his Jonny Wilkinson would have been proud of. The Chiefs flyhalf has looked up to him for the last ten years, and actually bumped his head on a table when the then England kingpin kicked his famous World Cup winning dropgoal back in 2003.“When Jonny kicked that drop-goal I was sat underneath at table at Ivybridge rugby club, and I jumped up and smacked my head on it when he scored,” he explained.“He’s been a massive role model both on and off the pitch too, the way he went about himself and was committed and dedicated to trying to be the best. Defence is so important at fly-half because you’re in the middle of the line, and that’s something certainly Jonny has shown.“It’s important to be strong there, hopefully I did that at the weekend, that’s what I was trying to do: I do enjoy defending to be fair.”Ranger’s low center of gravity and powerfully built frame, along with his balance, means that he’ll always be a threat. This weekend he’ll be looking for some Springbok scalps when he starts for the World XV against South Africa at Newlands.Slade posted this on Instagram after the match, adding: “Took a bit of a battering yesterday but was a great experience shared with a top bunch of lads”ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Big Hits & Dirty Play Related Articles 25 WEEKS AGO Suspensions handed down after testicle grabbing… 26 WEEKS AGO The ‘double ruffle’ splits opinion with fans… 26 WEEKS AGO WATCH: The nastiest and most brutal moments… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

House in Sierra de Collado Mediano / Padilla Nicás Arquitectos

first_imgShareFacebookTwitterPinterestWhatsappMailOr Clipboard 2006 Houses House in Sierra de Collado Mediano / Padilla Nicás Arquitectos “COPY” Save this picture!Courtesy of Padilla Nicás Arquitectos+ 32 Share Year:  ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Text description provided by the architects. The Project consists of a single family house located on a modest parcel with a strong slope and exceptional views of the mountains of the Sierra outside Madrid. The house evolves from the slope of the terrain and positions itself on the lot carefully providing exterior spaces (or garden terraces si queries) between the built volume and the perimeter of the site. Save this picture!Courtesy of Padilla Nicás ArquitectosRecommended ProductsWindowspanoramah!®ah!38 – FlexibilityWindowsOTTOSTUMM | MOGSWindow Systems – BronzoFinestra B40Fiber Cements / CementsDuctal®Ductal® Cladding Panels (EU)WoodBlumer LehmannFree Form Structures for Wood ProjectsBy way of an exterior stair with a gentle pitch, the grounds are connected to a generous rooftop terrace. This space endows the house with magnificent views as well as providing a complementary exterior space for the interior rooms, allowing one to move freely from interior to exterior whether in the kitchen, the living room, enjoying the sun, etc. As a result, there is a natural continuity between domestic activity and the site itself, emphasizing the understanding of the house as a true extension of the parcel, in its spaces and uses. Save this picture!Courtesy of Padilla Nicás ArquitectosThe built volumen increases gradually from the first encounter. The height at the access street is a single level, rising to two levels at the upper edge, due to the presence of the studio above the main bedroom. In this way, the house is integrated naturally with the strongly sloping terrain, while producing an entry at a more intimate scale. It also creates a rich ambiguity of perception from different points of view. Save this picture!Courtesy of Padilla Nicás ArquitectosThe finish building materials, white stucco walls and a black slate tile roof, are those traditionally used in the Sierra around Madrid. The slate is used in slabs as a curtain wall construction both on the roofs as well as on the walls visibly exposed to the exterior, as if it were a protective shell. The private interior patios are clad in the white stucco. Save this picture!Courtesy of Padilla Nicás ArquitectosThe solid construction of the house consists of reinforced concrete slabs with steel columns that are enclosed at the perimeter in a multilayered 35 cm ceramic wall which absorbs the structure, insulation and mechanical elements within a large cavity. The black slate slabs are supported on an aluminum substructure adding efficient and valuable ventilation. Save this picture!Courtesy of Padilla Nicás ArquitectosTo maximize the physical and visual connections between interior and exterior spaces, the house is conceived with a number of entrances and exits, creating a permeability which makes the most of the site.Save this picture!Courtesy of Padilla Nicás ArquitectosProject gallerySee allShow lessLibeskind delivering 2010 Charles Atherton Memorial LectureArticlesTerrace G / GRAD arkitekterArticles Share ArchDaily Architects: Padilla Nicás Arquitectos Year Completion year of this architecture project Projects House in Sierra de Collado Mediano / Padilla Nicás ArquitectosSave this projectSaveHouse in Sierra de Collado Mediano / Padilla Nicás Arquitectos “COPY” CopyHouses•Collado Mediano, Spain Spain CopyAbout this officePadilla Nicás ArquitectosOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHousesCollado MedianoSpainPublished on May 09, 2010Cite: “House in Sierra de Collado Mediano / Padilla Nicás Arquitectos” 09 May 2010. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogSinkshansgroheBathroom Mixers – Talis SVinyl Walls3MExterior Vinyl Finish – DI-NOC™ Solid ColorPartitionsSkyfoldRetractable Walls – Stepped & Sloped SpacesDining tablesZeitraumWood Table – TautBathroom AccessoriesBradley Corporation USARoll Towel Dispenser – Electronic TouchlessWoodLunawoodThermowood FacadesAluminium CompositesSculptformClick-on Battens in Victoria GardensMetal PanelsLongboard®Metal Ceilings – DauntlessWoodStructureCraftEngineering – Mass TimberPanels / Prefabricated AssembliesULMA Architectural SolutionsPerforated Facade PanelFiber Cements / CementsDuctal®Rainscreen Cladding Panels for Lightweight Facades in Apartment BlockBricksAcme BrickModular Size BrickMore products »Read commentsSave想阅读文章的中文版本吗?House in Sierra de Collado Mediano是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

One Cent Call launches regular microdonation platform for mobile giving

first_imgOne Cent Call launches regular microdonation platform for mobile giving One Cent Call has launched a giving platform that lets anyone with a mobile phone give small amounts regularly via the phone bill.  Users can give from 50p to £3 a month, deducated from their phone bill.The service is free for all UK charities, large and small. Charities include WWF and the Small Charities Coalition are already using it. Subscribers can donate to local UK charities or causes worldwide.In addition, in the event of a major disaster, donors will also have the option of diverting their donations for a period of time to contribute directly to charities dealing with that specific challenge. There are no contracts and users can cancel or change their cause preference or donation amount at any time. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  56 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 5 August 2013 | Newscenter_img 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 Researching massive growth in giving. Who can use it?One Cent Call’s app is available on both iOS and Android, and non-smartphone users can use the service too by registering via OCC’s website.It is available to both UK mobile contract and pay-as-you-go customers on Vodafone, T-Mobile, O2, 3 and Virgin Mobile.No credit card or bank account information is required from donors. The agreed amount is itemised on their monthly bill or deducted automatically from top-up credits for pay-as-you-go customers.Subscribers receive regular updates on the cause or causes they support through One Cent Call. The company sees this transparency as an essential element of “holding charities accountable for how they spend funds”. ChargesOne Cent Call is committed to passing a minimum of 85% of all donations to participating charities. It aims to increase this as it attracts more users to the service: the lower the transaction fees OCC is charged, the greater the amount the company will pass on to charities.OCC is independently audited by global accounting firm BDO, including an independent signatory on the disbursement of funds to charities.The company is a member of the Institute of Fundraising and is already engaging in UK charity sector initiatives, including UK Fundraising’s Fundraising Camp and in sponsorships.One Cent CallOne Cent Call was founded in Australia, and already has plans to expand, once it has launched in the UK, to Europe, North America and Australasia.Liz Lankester, Charity Manager at OCC, explained: “We wanted to develop a way to fundraise that requires little effort and is open to all ages.  The low donation limits mean young people and those on with limited incomes can get involved in doing social good.“Small donations add up to making a big difference and OCC aims to be the international fundraising platform of choice by enabling everyone to give just a little.”Sheena Wynne of community development charity, Temwa UK, said: “We all want to congratulate One Cent for their wonderfully innovative approach to fundraising. It provides a simple, effective and easy to use method for people across the globe to contribute, however great or small, to a cause they believe in. Truly excellent!”The Small Charities Coalition, which supports almost 7,000 charities across the UK, has partnered with OCC. Its Operations Manager John Barrett said: “At a time when small charities are struggling to raise funds, One Cent Call is offering an exciting, new and simple way to attract more donations from a wider donor base. OCC have deliberately minimised the registration and administration time for charities, allowing them to get on with the essential work they’re delivering around the UK and beyond.”last_img read more

Research shows charities losing out by not tailoring campaigns to social classes

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis22 Melanie May | 2 August 2017 | News Research shows charities losing out by not tailoring campaigns to social classes 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  225 total views,  3 views todaycenter_img Tagged with: 2012 Research / statistics Charities are losing out on potential donations by not tailoring their campaigns to individual social classes, according to a research paper.DaHee Han, Assistant Professor of Marketing at Desautels Faculty of Management, McGill University and colleagues Ashok K. Lalwani and Adam Duhachek, considered individuals’ perception of their place in the social hierarchy and the degree to which they accept this.They found that on the low end of the social scale, people are more likely to be moved by the need to help others, while people at higher social strata are more likely to react positively to ads that emphasise how good they will feel after giving.In an article on the paper published in Charity Times, Han said:“Although logic would suggest that those who perceive themselves as higher in the social hierarchy would be more likely to donate to charity, our research suggested the opposite. In fact, we found that people who consider themselves to be on lower societal levels are more inclined to give charitably in order to endorse societal equality.”According to Han, this is because those lower in the social hierarchy tend to be more concerned about others and are therefore more motivated to help the less fortunate, while those at the top are more motivated by campaigns that communicate the benefit to themselves of helping others.The research found that fundraising campaigns fail to consider donors’ motives and are therefore unable to appeal to them, missing out on donations as a result. In order to increase donations then, the research suggests that charities should pay more attention to the motivations and class of potential donors when planning advertising campaigns and target them at these demographics. Advertisement  226 total views,  4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis22last_img read more

Popular opposition newspaper closed for insulting Benin’s president

first_img BeninAfrica Freedom of expression May 25, 2018 Popular opposition newspaper closed for insulting Benin’s president November 11, 2020 Find out more Forum on Information and Democracy 250 recommendations on how to stop “infodemics” May 4, 2021 Find out more Organisation BeninAfrica Freedom of expression News Help by sharing this information to go further News Newscenter_img November 7, 2020 Find out more Reporters Without Borders (RSF) condemns this week’s decision by Benin’s High Authority for Broadcasting and Communication (HAAC) to close one of the country’s most popular newspapers, the pro-opposition La Nouvelle Tribune, for insulting President Patrice Talon. The decision is disproportionate and lacks a legal basis, RSF said. Op-ed urges Benin to end Digital Law threat to journalism RSF_en News Adam Boni Tessi, le président de la HAAC du Bénin. © La Nouvelle Tribune “La Nouvelle Tribune is finished. On to the next one,” a cartoon on the newspaper’s front page said yesterday, a day after the HAAC issued its decision to close it until further notice for “conducting during recent months an insulting and offensive campaign violating the Head of State’s privacy and using a degrading vocabulary.” Under article 55 of the 1992 law establishing the HAAC, it can only close a media outlet when the outlet violates this law’s own provisions. But the decision published by the HAAC on 23 May cites provisions on press ethics, insult and respect for privacy in Benin’s information and communication law and press ethics law, neither of which says this kind of offence is punishable by closure. When reached by RSF, HAAC president Adam Boni Tessi refused to make any comment about this decision. “There are no legal grounds for the HAAC’s decision,” said Arnaud Froger, the head of RSF’s Africa desk. “Closing a newspaper on the basis of laws that do not provide for this form of punishment is absurd and the punishment seems out of all proportion to the alleged offences. As long as the HAAC continues to arbitrarily close media outlets critical of the authorities, it will be seen as a government tool.” The Benin Union of Media Professionals (UPMB) and the National Council of Print and Broadcast Media Owners (CNPA-Benin) have issued a joint statement “questioning the HAAC president’s real motives” and saying there are “no valid arguments justifying the closure of what is a space for freedom.” The HAAC ordered the closure of four opposition broadcast media outlets in December 2016. Three of them are now back on the air but one, Sikka TV (owned by the president’s leading political rival, Sébastien Ajavon), is still unable to resume broadcasting despite a court ruling in May 2017 ordering its reopening. Tessi, who was already the HAAC’s president, was himself ordered to pay 76,000 euros in damages. Benin fell six places in RSF’s 2018 World Press Freedom Index and is now ranked 84 out of 180 countries. Follow the news on Benin Benin urged to implement findings of Working Group on Arbitrary Detention Receive email alertslast_img read more