Business Monitor International Releases Report On Russian Food And Drink Market

Business Monitor International has released its latest report examining the state of the food and drink market in Russia.

BMI provides reports covering various sectors and geographic locations, and key food and beverage trends. This report is its latest signification product release for Q3 2011.

The BMI reports on food industry trends are designed to enable manufacturers and suppliers, grocery retailers, consultants, policy makers and regulatory organisations to identify international growth opportunities, evaluate risks and opportunities in global food, drink and retail markets.

According to this latest report, Russian food prices which have seen some easing in recent months, may be about to start rising as the recent ban on grain exports, which was put in place to keep domestic food prices down following droughts, gets lifted.

The report concentrates on industry-specific regulatory environment and highlights recent issues with fruit and vegetable imports from the EU, which have also provided a temporary boost for the Russian domestic fruit and vegetables industry.

The Russia Food and Drink Report also analyses the implications of the latest industry and macroeconomic developments like the effect of the import ban imposed by the Russian government following the E.coli outbreak in Germany which resulted in 38 deaths and affected thousands of people. Russia’s food safety watchdog is currently analysing the issue to determine what additional measures it should take to guarantee the safety of products imported to Russia from the EU.

As the key to ensuring effective business management is to be able to manage risk and exploit the available business opportunities, BMI believes that the information in this report will prove to be an invaluable aid to a wide range of global industry professionals working in the Russian food and drink market.

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Northern Rock Cuts Mortgage Rates Across Its Range

Northern Rock has reduced mortgage rates both across its core residential and Buy To Let ranges, and its selection of Intermediary Exclusive products.

First time buyers will benefit from many of the changes as Northern Rock continues to offer support to those with smaller deposits. 2-year Everyday fixed rate mortgages at 85% LTV (15% deposit required) with no product fee are now available from just 4.38%.

The lender has also made a number of reductions to its ‘with fee’ products, for customers who choose to pay a product fee in order to access a lower interest rate. 2 Year Fixed rates with a £995 fee start from 2.99% up to 70% LTV (30% deposit).

For borrowers who are looking to fix their interest rate over a longer period Northern Rock also offers competitively priced 3-Year and 5-Year Fixed rates. 5 Year Fixed rates start at 3.99% with £995 fee up to 70% LTV (30% deposit).

Northern Rock also continues to offer Fee Saver Option (FSO) products for consumers who are looking to keep their fee costs as low as possible. The lender has simplified the pricing on its Fee Saver Options, with standardised premiums of 0.45% on 2-year products, 0.40% on 3-year products and 0.35% on 5-year products. Remortgage customers will also benefit from Northern Rock’s incentive of a free basic valuation and free standard legal costs.

Northern Rock has made several improvements to its BTL product range in recent weeks, and has now made rate reductions of up to 0.70% on its BTL Fixed rates and Trackers.

Buy to Let Fixed rates for customers choosing to pay a £1,995 product fee start from 3.89% at 60% LTV (40% deposit). Borrowers with a 30% deposit (70% LTV) can opt for a 2-Year Everyday Fixed rate mortgage with a £1,995 fee at 4.10%.

Alongside the changes to its core product range, the lender has also improved the Fee Saver Options within its range of mortgage products available exclusively through Northern Rock’s intermediary partners. A 2-year FSO exclusive to brokers at 70% LTV (requiring a 30% deposit) is now available from 3.25%, while the equivalent 3-year product is available at 3.64%.

Everyday mortgages offer customers simple, straightforward mortgage deals with competitive rates and the ability to make overpayments of up to 10% each year, as well as the option to apply for payment holidays. Northern Rock continues to operate its mortgage product range within the constraints of the competitive measures agreed with the European Commission.

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Northern Rock Highly Commended For Responsible Business Practice

Northern Rock was given a prestigious national award from The Prince of Wales’ Business in the Community (BITC) charity, for its work to help tackle financial exclusion.

Last month, BITC awarded Northern Rock with a ‘Big Tick’ for its on-going project to help rebrand, relaunch and support Bridges Community Bank, formerly South Tyneside Credit Union. Judges were so impressed with the nomination that Northern Rock was also selected as one of only two North East organisations to be shortlisted for the coveted title of ‘Example of Excellence’ in their respective categories.

Last night, representatives from the bank including Executive Chairman Ron Sandler, were highly commended in BITC’s ‘Building Stronger Communities’ for 2011, at a gala event sponsored by Unilever at The Royal Albert Hall.

The national ‘Big Tick’ award is the first level of award available to entrants of the national BITC Awards for Excellence, which recognises inspirational programmes that have a positive impact on the community, the environment or wider society. Northern Rock was one of six companies to achieve it this year before being highly commended in the category of the UK’s Example of Excellence in Building Stronger Communities.

Northern Rock’s contribution involved a team of employee volunteers skilled in a number of disciplines helping Bridges Your Community Bank. It continues to support Bridges as part of its flagship community programme which focuses on assisting those in financial difficulty.

Mr Sandler said: “We are honoured to have received this additional commendation, and to have been shortlisted as Business in the Community’s Example of Excellence 2011, for our important work in the local community, in this instance for our work with Bridges Your Community Bank.

“Our Big Tick Award is proudly displayed in Northern Rock’s head office so that our colleagues and visitors alike can see what has been achieved due to the hard work and dedication of our employees. I look forward to adding this additional tribute and hope it acts as a source of real inspiration and pride for everyone connected with Northern Rock.”

Stephen Howard, Chief Executive of Business in the Community said: “I congratulate Northern Rock on achieving its Big Tick. It is a challenging time for business, but this is a sign that companies are not losing their focus and are transforming their businesses to make a positive impact on people and society; and are prepared to lead by example. That’s what Business in the Community’s Awards for Excellence is all about – celebrating responsible business, the leadership that makes it happen and the benefits to the business and society of doing so.

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Rugged Ways Climbs New Heights With Web Site Launch

Bangor – Rugged Ways, an outdoor clothing and equipment retailer, is working with SecureTrading, a top payment gateway services provider and the UK’s leading independent payment processor, to manage its global payments processing through its new web site.

Rugged Ways new site was designed and built by Ascensor, who work closely with SecureTrading for the payment processing, based on the company’s reputation of excellent customer service and a secure payment platform.

Sam Spence, Director at Rugged Ways, said, “We wanted a website to support our Skipton store in North Yorkshire. It was important that we found not only a company who understood what we wanted from a web site but that our payments system was robust and could properly support trading at all times.”

Tim Allitt, Head of Sales & Marketing, SecureTrading, said, “We’re delighted to be able to support the payments of a business like Rugged Ways which is venturing online for the first time. It’s crucial that when a business moves its products online that it is confident that its customers payments will be processed quickly and without issue so they receive a great experience regardless of the channel they choose to shop via.”

Ascensor built a filter system for Rugged Ways so that its customers can search for products via colours, sizes etc. Andrew Firth, Director, Ascensor, said, “It took us approximately four months to get the website operational. It needed to be built from scratch and we have worked hard on the search engine optimisation strategy. This is a big step for Rugged Ways and we’re delighted to be helping them on their journey.”

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Standard Life Charitable Trust and Shelter Partner To Help People In Need Of Financial Advice

The Standard Life Charitable Trust is providing funding to housing and homelessness charity Shelter for three telephone advisers at the charity’s housing advice lines in England and Scotland.

Shelter’s housing advice line provides support to those who are in debt and behind with rent and mortgage payments, as well as offering advice on a range of other issues including eviction and repossession. The helpline gave advice to almost 50,000 people across England in 2010 alone.

A recent survey by Shelter* showed that more than one in ten (11%) people face a constant struggle to pay their rent or mortgage. With unemployment high, the cost of living increasing and the possibility of a rise in interest rates ahead, more and more people are contacting the charity for help to manage their finances and stay afloat. In the first three months of this year Shelter saw a 30 per cent increase in calls to its helpline.

The Standard Life Charitable Trust is an independent charity established in 2009 by leading long term savings and investments company, Standard Life, and is focused on supporting people most in need of help managing their finances.

The Trust’s donation will fund three full-time telephone advisers at Shelter’s helplines until May 2012 allowing the charity to reach an additional 7,300 people with housing advice.

Shelter’s chief executive Campbell Robb said: “In these uncertain economic times many people are struggling to make ends meet and more and more are coming to Shelter for help.

“Thanks to this donation from the Standard Life Charitable Trust we will be able to reach even more people. Our advisers can stop things from spiralling out of control and help people get back on their feet.”

Baroness McDonagh, Chair of the Standard Life Charitable Trust said: “The Standard Life Charitable Trust is focused on supporting groups who could benefit most from help and advice to improve their financial capability. We are delighted our donation will fund additional Shelter advisers so they can help more people who are at risk of losing their home, many of whom are experiencing severe financial problems.”

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Saxo Bank Launches SaxoTrader 2.5 with Improved Navigation and Position Management

Saxo Bank, the specialist in online trading and investment, has announced the launch of SaxoTrader 2.5, the latest update to its multi-asset class trading platform. The new version includes improved navigation and added features to manage positions and orders, and is available to customers from July 2011.

Saxo Bank has replaced the old SaxoTrader menu with an intuitive, easily navigable ribbon-style toolbar. The menu items are now grouped by function which takes up less screen space whilst making the breadth of functions available more accessible and simple to use. “News and Research” as well as “Account” tabs enable users to easily access all the information they need. In addition, new product icons clearly differentiate the various products tradable on the platform.

Enhanced position management features include a module allowing users to view and manage positions and related orders in one integrated workflow. This enables to flexibly close positions, set stop and limit orders, and provides users with a customisable display of all open and closed positions. A heatmap visualisation gives them an additional instant overview of the performance of their positions.

Henrik Dyrholm Holst, Head of Platform Management at Saxo Bank, commented:
“SaxoTrader 2.5 is designed to make trading even faster and more efficient. Nowadays, traders demand intuitive tools that are rich in data and analytics. SaxoTrader is a multi-asset trading platform with a specific set of tools for each asset class. We have therefore focused on making the trading experience for all types of traders as positive and intuitive as possible, and clearly guide users through the broad range of features on the platform.”

This latest release is a subset of the functionality Saxo Bank will be adding to SaxoTrader. The Bank will continue to upgrade the platform in phases this year.

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Saxo Bank Wins Two Awards At The World Finance Foreign Exchange Awards 2011

Saxo Bank, the specialist in online trading and investment, has been named “Best Forex Broker in Northern Europe” and “Best White Label Solution Provider” in the World Finance Foreign Exchange Awards 2011. This accolade acknowledges Saxo Bank’s position as an established FX house and its leading role in the foreign exchange market.

Kim Fournais and Lars Seier Christensen, founders and co-CEOs of Saxo Bank, said in a joint statement: “We are delighted that Saxo Bank has won these two awards. Modern traders and investors demand usability, mobility, performance, and service when executing online trades, all of which we will continue to provide our clients with.”

Saxo Bank, which is renowned for aggregating liquidity from the world’s leading FX dealers, facilitates Forex trading on three different online platforms, covering the needs of those who are new to the Forex markets as well as professional investors who demand a wide selection of trading instruments and a variety of product types for multi-asset portfolio creation.

Saxo Bank’s many years of experience in the online trading business and accumulated knowledge of the markets as well as the needs of clients translates into a proven success formula for completely scalable White Label solutions. The solution is built around a customised version of Saxo Bank’s award-winning platform and then branded under the White Label Client’s name.

The World Finance Awards are chosen by an expert panel. They identify industry leaders, individuals, teams and organisations that represent the benchmark of achievement and best practice in the financial and business world. Now in their fourth year, the awards reflect a wider spectrum of financial services and related industries than ever before.

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Confused.com Reveals Big Rise In Prices For New And Learner Drivers

Confused.com has revealed that newly qualified drivers can expect to pay around £2,000 or more to insure a small hatchback this year as the cost of insurance continues to soar.

This time last year the cheapest premium for a new driver insuring a Ford Ka for a year came in under £900. Now the best quote for a newly qualified driver wanting to insure a Ford Ka has soared to more than £1,900, according to consumer research by the popular comparison site Confused.com.

The Fiat 500 Pop now tops the list of most popular vehicles for a newly qualified driver, based on 6 months of quotes from Confused.com during the first half of 2011. Unfortunately, for many newly qualified drivers it will cost more than £1786 to insure it. The Fiat 500 knocks last year’s favourite, the Vauxhall Corsa, from the top spot, becoming the most popular choice in this Confused.com study of learners and drivers who passed their test within the last 12 months.

Confused.com’s head of car insurance, Gareth Kloet said: “The Fiat 500 is a new favourite with freshly qualified drivers – this model didn’t appear at all in the Confused.com top ten for new drivers last year. The popularity of these cars may have been led by their use by many driving instructors, and also by the relatively cheap insurance cost compared to other small cars.

“Getting reasonably-priced car insurance can be a nightmare for younger drivers but 50% of under 25s could save up to £571 on car insurance* premiums by using Confused.com to find the best deal. With rising premiums it’s more important to compare prices now than ever before.”

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Payday Express helps pave staff career paths

Employee development is at the top of the agenda for short term loan provider Payday Express, which has recently created a new Group Trainer role for one of its rising stars.

Emma Furlong began work at Payday Express in September 2008 and progressed quickly from the role of Customer Support Agent to Senior Customer Support Agent, and then Customer Support Team Leader.

After recognising her passion and aptitude for training and mentoring staff, the payday advance loans company helped Emma to develop her new role and formally launch it in February this year.

Since then Payday Express has also been funding Emma’s place on a training course, with the aim of her attaining a CIPD certificate in Learning and Development Practice. She has so far passed all modules – the only person in her class to have done so – and hopes to become an associate member of the CIPD.

Emma’s journey has been similar to the advancement of many other staff members at Payday Express. Jamie Clifton, who began as an Administrator, is now a Junior Business Analyst; and Charlotte Morris and Ann Shepperley, who started as Customer Support Agents, have now embarked on careers as UAT Testers, where they are helping to test new systems and improvements to their instant approval payday loans website.

Other recent promotions include that of Lara Toomey, who has risen from Debt Administrator to Senior Debt Administrator; and Therese Rydberg, who has progressed from Marketing Administrator to Marketing Executive.

Richard Turner, HR Advisor at Payday Express, commented: “We are always looking for people who wish to develop their careers and will always invest time and money in someone who shows drive and passion to succeed.

“Emma is an excellent example of this. There is nothing better than seeing someone progress and it shows all employees that the opportunity is there to go down any route they wish to.”

With this focus on career development, Emma and Operations Manager Sarah Carroll have worked together to develop an intensive internal Trainee Team Leader (TTL) programme, which has been undertaken by Collections Agent Paul St Ledger and Customer Support Agent Marcus Tibbals, with a view to becoming department Team Leaders at the end of this month.

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Saxo Bank’s ForexTrading.com adds new product offerings

Saxo Bank, the online trading and investment specialist, has announced the addition of 12 CFDs on major stock indices and 7 commodity CFDs to its ForexTrading.com platform for private traders.

ForexTrading.com was launched by Saxo Bank in early June 2011 and provides traders with browser based and downloadable trading platforms, supporting a range of the world’s most liquid forex, and CFD instruments at competitive spreads.

Claus Nielsen, head of markets at Saxo Bank, said: “The addition of stock index CFDsand seven further commodity CFDs to ForexTrading.com now enables private investors to trade in the most liquid contracts across a range of asset classes. The majority of clients use ForexTrading.com as a no thrills account to trade currencies, however we want to make sure that they have the opportunity to leverage the opportunities they see in other asset classes.”

“We expect dedicated index and commodity traders to enjoy the tight spreads for the CFD indices. The indices are priced competitively with the UK 100 and Germany 30 indices spread going as low as 1 point and the US SPX500 as tight as 0.75 points.”

The minimum initial deposit when opening an account with ForexTrading.com is $2,000 or equivalent, and no interest will be paid on funds on deposit. ForexTrading.com supports retail trading accounts and offers support and service in English.

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