BACIT Limited Placing and UK Offer for Subscription of C Shares
Details of last months incident, on August 13, come at a time when UK pilots organisation Balpa is unhappy at proposed European changes to flight-time regulations. A CAA spokesman said: This was a serious incident but an isolated one. I think lessons will be learnt from this. We are circulating this report within the industry. We dont know why the pilots had had so little sleep before this flight. They were taking it in turn to have rest periods, with the one always checking the autopilot and it looks as if both fell asleep at the same time. Details of the incident, logged by the CAA as a mandatory occurrence report, were obtained by a news agency which had asked for incidents of pilot fatigue. The CAA did not say which airline was involved nor where the aircraft, an Airbus A330, was travelling. The report was headed: Flight crew suffering from symptoms of severe fatigue. It went on: Reporter (almost certainly the captain) suggests both members of flight crew had only five hours sleep in two nights due to longer duty periods with insufficient opportunity to sleep. Both crew rested for 20-minute rotations and fell asleep. Balpa said: In the UK we have a strict set of flight safety rules which govern how long and how often a pilot can fly before their performance is impaired. The EU is proposing more permissive flight safety rules which would allow pilots to be flying aircraft whilst dangerously fatigued. These rules were not developed using scientific data and could have a grave impact on the safety of UK aviation. Balpa said the EU proposals were flawed in many areas, with pilots being legally allowed to land an aircraft having been awake for 22 hours, pilots operating longer-haul flights (such as west coast US) with only two crew rather than the current three, and pilots possibly being forced to work up to seven early starts in a row. The CAA said today: We understand that Balpa are not happy with the proposals but we think overall it is a good package and not much different to what we have now. Balpa said last months incident comes as no surprise, adding that it had repeatedly warned the CAA of the risk of both pilots falling asleep, including in a letter to each member of the CAA board last year. Balpa general secretary Jim McAuslan said: British pilots want to make every flight a safe flight and tiredness is the biggest challenge they face. As the regulator responsible for UK flight safety, the CAA has been far too complacent about the levels of tiredness among British pilots and failing to acknowledge the scale of the under-reported problem.
of Total NAV over the course of the year is donated annually to charity, with half donated to The Institute of Cancer Research (the “ICR”) and half donated to the BACIT Foundation, which (net of running expenses) grants those funds to charities named in a list of charities proposed annually by the BACIT Foundation (including the ICR) in proportions determined each year by investors in the Company. In addition to the charitable component, the Company has the right to invest up to one per cent. of Total NAV each year to acquire interests in drug development and medical innovation projects undertaken by the ICR or its subsidiaries which have the potential for commercial development and application. The Company may pay a dividend at the discretion of the Board. The Board targets dividends of two per cent. per annum of NAV. Reasons for the Issue The Company has made a strong start since its listing on 26 October 2012. From its launch to 31 July 2013, the Company’s unaudited NAV total return was 15.13 per cent. The New Managers Salt Rock Capital Partners, owned and managed by Mark Painting, has a global macro strategy focused on North America and Northern Europe. The ability to invest with Salt Rock Capital Partners should give the Company access to investing in rates and foreign exchange and the opportunities created by the unwinding of quantitative easing on both sides of the Atlantic. Hall Commodities LLP, owned and managed by Tony Hall and Arno Pilz, should provide the Company with exposure to oil and metals trading, principally West Texas Intermediate crude oil, Brent and industrial metals. This should give the Company access to the opportunities created by the shale revolution, the evolving Arab Spring, and the rebalancing of the Chinese economy. Portland Hill Capital is owned and managed by Thierry Lucas.
Nook Simple Touch with Glowlight gets UK price cut, drops below £50
According to the book retailer, you can only snag the device at that price point until current stocks last, so the promo can expire anytime. If you’re not particularly fond of e-readers, though, feel free to cast your eyes upon the discounted Nook HD and HD+ tablets instead. You can also nab one of those right now, or, you know, throw hints at your personal Santa that you want one for Christmas. Show full PR text Top-Rated NOOK Simple Touch(R) GlowLight(R) Now an Amazing Value at 49 First Under-50 eReader with GlowLight Technology Makes the Perfect Present LONDON, Sep 24, 2013 (BUSINESS WIRE) — NOOK Media LLC, a subsidiary of Barnes & Noble, Inc. BKS +1.59% , the world’s largest bookseller and leading retailer of content, digital media and educational products, is making the critically acclaimed NOOK Simple Touch GlowLight available for just 49, while stocks last, making it the only eReader with integrated lighting in the UK under 50. It will be available at this amazing new price starting today at leading retailers across the UK, ready for Christmas. “No other eReader in the UK anywhere near this price has an integrated light, sits comfortably and lightly in the hand and has a battery that will last up to two months,” said Jim Hilt, Managing Director, Barnes & Noble S.a.r.l. “It’s an unbeatable value for one of our best-loved and most highly acclaimed products, making now the perfect time to choose an eReader for yourself or for your favourite reader as an early Christmas present.” NOOK Simple Touch GlowLight is the ideal reading companion for beach or late-night reading. Barnes & Noble’s innovative lighting technology shines uniformly across the display and adjusts with just a touch, so customers can control the amount of light, whether in a dimly lit or pitch dark room. NOOK Simple Touch GlowLight, as well as the critically acclaimed NOOK(R) HD and NOOK(R) HD+ tablets, are available at major UK retailers including Argos, ASDA, Blackwell’s, Foyles, Currys and PC World, John Lewis, Sainsbury’s and Very, both in stores and online. NOOK now has the most affordable line of eReaders and tablets in the UK. Customers can purchase the 7-inch NOOK HD for just 79 (8GB) and 99 (16GB), while the 9-inch NOOK HD+ tablet is available for just 129 (16GB) and 149 (32GB).