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Listed litigation funder Manolete Partners has come out fighting following an online report that it was ‘burning cash at a rate of knots’.The company was the subject of an eviscerating article by a group called ShareProphets last Friday that alleged it was in financial trouble and needed to urgently raise more cash.The allegations came just a week after Manolete reported healthy results for the year ending 31 March 2020. The row has echoes of that involving another listed litigation funder, Burford Capital.Manolete shares have lost around a fifth of their value since last week, but recovered slightly today following a statement issued to the London Stock Exchange.The response stated it was untrue to suggest that the company was ‘burning cash’ and said the article contained false and misleading allegations.Manolete said that cash generated from completed cases in 2019/20 has exceeded all expenses on closed cases and all company cash overheads. It conceded that costs underwent a ‘step-change’ 48% increase to £4m, covered by the cost of floating and the establishment of an in-house regional network of solicitors. That network is now fully established, with 152 live cases by the end of March.The company said there was ‘no basis’ for the suggestion it would need to issue new capital. Shortly before the year end, as Covid-19 impacted the country, ‘purely as a liquidity precaution’ Manolete drew down £8m of its £20m revolving credit facility with HSBC.The response added: ‘The board is confident that the company’s existing £20m RCF will be more than adequate to finance the business in the foreseeable future.’It rejected allegations that settlements were ‘drawn out affairs’, as suggested in the article: the company said it had an ‘excellent track record’ of collecting on payment plans agreed with debtors.Manolete shares were trading today at 415p, 5% up on yesterday. They stood at 515p before the ShareProphets article appeared.
ON APRIL 7 Merseyside PTE announced that it had selected the M-PACT joint venture of GrantRail and Laing O’Rourke Civil Engineering as prime contractor for the UK’s next light rail project: Merseytram Line 1 between Liverpool and Kirkby (MR 03 p40).Subject to contractual arrangements with the preferred bidder being completed this month, work is due to start on July 1 for completion by December 2007. Liverpool is to be European Capital of Culture in 2008.Merseytravel Chief Executive & Director General Neil Scales said ’Line 1 will now be built, subject to final contractual arrangements, on time and below budget – a vast improvement on the situation we faced two months ago’. Having rejected the sole bid from the Mersey Express Tramway consortium on the grounds that ’certain aspects did not represent best value’, Merseytravel re-opened the competition in February and shortlisted nine bidders.MET members Keolis and Parsons Brinckerhoff have been retained while design and ancillary work has continued on Line 1, for which the Department for Transport has agreed to provide £4·2m. Bombardier is to supply a fleet of 21 low-floor LRVs for Lines 1 and 2. Scales told the Commons Transport Committee in March that he had reached agreement with Tramtrack Croydon Ltd to add onto his order an extra car needed for that network, which Transport for London has already agreed to fund.
“The purpose is to disinfect and to maximize sanitation as preventive measures for all employees and the municipal hall,” Mayor Gerry Rojas said. BACOLOD City – The municipal hall of Murcia in Negros Occidental is on a five-day lockdown starting yesterday after a personnel assigned at the Mayor’s Office tested positive for coronavirus disease 2019 (COVID-19). Rojas said those who came in contact with the patient yielded negative test results for the virus. BY DOMINIQUE GABRIEL BAÑAGA The employee infected with the viral illness is a resident of this city. Meanwhile, Murcia’s essential government establishments such as the Municipal Health Office, Disaster Risk Management Office and municipal police station will continue operating.The town has 29 confirmed cases of COVID-19 as of Aug. 16, but Rojas said only 14 of those were active./PN
Cavaliers forward LeBron James has set an NBA record, as today he was named the Eastern Conference Player of Week for a record 50th time in his stellar career. Here’s the official release from the Cavs on the honor for James.CLEVELAND – The NBA announced today that Cleveland Cavaliers forward LeBron James has been named the Eastern Conference Player of Week for games played Monday, January 4, through Sunday, January 10. This marks the second time this season James has earned Player of the Week accolades, as well as the 50th time in his career, the most in NBA history. It also marks the 50th time in franchise history a player has earned Player of the Week honors and the 31st time James has earned the honor as a member of the Cavaliers.James led Cleveland to the most wins in the Eastern Conference this past week with a perfect 4-0 record, which includes three wins by double-digits and three road victories. In the four games, James averaged 26.0 points on .582 shooting from the field, including .400 from the three-point line, 7.8 rebounds, 7.0 assists, 1.8 steals and 0.8 blocks in 35.0 minutes per game. Among Eastern Conference leaders, James was first in total points (104), first in field goals made (39), tied for first in points per game (26.0), fourth in total assists (28), tied for seventh in assists per game (7.0) and tied for seventh in three-pointers made (8). He also registered two double-doubles and made at least 50 percent of his field goal attempts in three games during the week. James scored in double figures in all four contests, increasing his double-digit consecutive scoring streak to 675 games (third-longest in NBA history), while topping 20 or more points three times, including two 30-point outings.James, who was the only player in the NBA to shoot over .500 from the field and average at least 20.0 points, 7.0 rebounds and 7.0 assists this past week, tallied 20 points on 7-11 (.636) shooting, seven assists and three steals in 31 minutes of Cleveland’s 122-100 home win over Toronto on Jan. 4. During a 121-115 win at Washington on Jan. 6, James notched his 300th career regular season double-double after pouring in a game-high 34 points on 12-22 (.545) shooting, including 4-9 (.444) from the three-point line, a game-high 10 rebounds, four assists, one steal and one block in 40 minutes. In the Cavs’ 125-99 win at Minnesota on Jan. 8, he nearly registered a triple-double with 13 points, a game-high 12 rebounds, a game-high eight assists, one steal and two blocks in 32 minutes. James closed out the week with a season-high tying 37 points on 15-22 (.682) shooting, including 3-5 (.600) from long range, seven rebounds, a team-high nine assists and two steals in 37 minutes of a 95-85 win at Philadelphia on Jan. 10.In 2015-16, James has appeared in 34 games (all starts) with averages of 25.8 points (fourth in NBA) on .501 shooting from the field, 7.4 rebounds, 6.0 assists and 1.5 steals in 35.7 minutes per game. The 6-8 forward is the only player in the league to shoot at least .500 from the field while averaging at least 20.0 points, 7.0 rebounds and 6.0 assists this season. James and the Cavaliers sit atop the Eastern Conference with a 26-9 record.Chris Paul of the Los Angeles Clippers was named the Western Conference Player of the Week. Matt Loede Related TopicsCavsLebron James Matt Loede has been a part of the Cleveland Sports Media for over 21 years, with experience covering Major League Baseball, National Basketball Association, the National Football League and even high school and college events. He has been a part of the Cleveland Indians coverage since the opening of Jacobs/Progressive Field in 1994, and spent two and a half years covering the team for 92.3 The Fan, and covers them daily for Associated Press Radio. You can follow Matt on Twitter HERE.
Tony Bogan is a 2010 graduate of Shaker Heights High School. He covers high school sports in and around the Cleveland area, and has done part-time college basketball play-by-play for Cuyahoga Community College. Tony Bogan Related Topics Cleveland, Ohio – Three players scored in double figures for Wadsworth as the Lady Grizzlies utilized a 13-0 run in the second quarter to defeat Avon, 52-31, in a Tuesday afternoon contest at Quicken Loans Arena in downtown Cleveland.After a back-and-forth first quarter, which ended with Wadsworth leading 14-13, the second quarter was all Wadsworth, as they went on a 14-0 run, and used suffocating defense to create buckets on offense and increase their lead to 28-13 before halftime.Wadsworth would start the third quarter with a 10-0 run, and increase their lead to 38-13 before Avon junior guard Rachel Hapanowicz made a basket with 4:19 left in the third quarter.Wadsworth head coach Andrew Booth credited his team for playing great on both ends of the court.“I thought we picked up the pace and tempo and that’s when we played our best. We ramped it up defensively and got Avon to play faster than they wanted to. When we’re able to do that, our defense leads to some offense, and we got great looks at the bucket.” said Booth. “Those kids for about the past couple weeks were really excited. I don’t think it was overwhelming for them. I know the kids were amped about it. It was really cool to play at Quicken Loans Arena.” he added.Senior guard and Toledo basketball commit Sophia Fortner, senior forward Payton Banks, and junior forward and University of Georgia volleyball commit Kacie Evans each had ten points to lead the Lady Grizzlies.“It’s a great floor and a great atmosphere. To be on the Cavaliers floor is amazing. I’m really blessed to have the opportunity to be out there with my teammates.” said Fortner.“It felt great to play on a court where all the stars play on. The atmosphere was really different and amazing. It helps us in the future.” said Banks.Toledo commit and senior forward Lexi Lance added eight points, and junior guard Kylie Batey added seven to contribute to the winning effort.“It’s one of my biggest accomplishments of the season to get double-digits in points and I feel like I’m doing really well this year. It’s a heck of a journey and it’s really cool to play at Quicken Loans Arena.” said Evans.Despite the loss, Avon head coach Meghan Larrick was optimistic about going into the second half of the season.“We knew Wadsworth was a very physical team from the start. Their style is very physical from start to finish. We had a few moments where they went on a couple runs. We just tried to weather the storm and play hard and get better at what we can do for the rest of the season.”“The SWC (Southwestern) is a difficult conference. It’s going to be competitive. team that has the better game We hope we can come through and get some wins in conference continue to build on our success from the first half of the season.” she added.Junior guard Elizabeth Flynn had seven points to lead the Eagles.“We eventually got into our groove in the fourth quarter, but the second and third were a little rough for us.” said Flynn.Wadsworth improves to 9-1 and travels to Brecksville-Broadview Heights on Wednesday evening.Avon drops to 7-3 and hosts Westlake on Saturday afternoon.
Related Topics Patrick Kennedy Team name: Strongsville High SchoolCoach name: Doug Cicerchi2017 record: 25-9, State FinalistHow is this season’s team different from last season’s?We lost seven tremendous seniors off of last year’s team. 6 of them started in the Division I State Championship game and the 7th pitched in relief. Those seniors were great players for us but as importantly they are great leaders and people. It won’t be easy to replace Jaret Beechy, Kyler Damm, Alex Gray, Zach Kasian, Louis Rahm, Parker Shannon, and Noah Trizzino but the looseness they brought to our day-to-day practices and games, the way they competed, and their work ethic are habits that I’ve already seen transferred to this year’s leaders throughout winter conditioning and our first week of practice. We have only 4 senior position players back, and two of them also pitch. We do return 2 other seniors who only pitch but with only 6 total seniors on the team, our juniors are going to be needed more than usual. Still, our expectations are high: compete for championships while getting one day better each day, and have fun doing it.What are your team’s strengths?At our core, we are a pitching and defense program. We swung the bats well last year and I think we’ll do so again, but we’ve generally based our program on throwing quality strikes with above average high school velocity, changing speeds off the fastball, and catching the ball behind our pitchers. We should be better in the infield this year, as we return most of the same guys and they’ve improved in the offseason. We also transition several really good JV infielders from last year onto the varsity team. We’ll have options in the infield — it just might take awhile to figure out where guys fit best around the infield. In the outfield, we have several guys who can run and it’s always nice when you can play two center fielders in the outfield at the same time. In our park, with a short right field, having two guys who can run balls down in left and center really helps out the pitching staff.I also think we have two true front-line starting pitchers in Seniors Matt Brosky and Mitch Midea. We have quality depth behind them on the mound. As I said, I think we’ll score runs too but pitching and defense is the heart of Strongsville Baseball.What are your team’s weaknesses?Our schedule might be the toughest I’ve seen this year, between competing in the Greater Cleveland Conference, a league that sent 3 teams to the final 8 last year — and one of those was not the team that went undefeated in our league — to opening with Moeller and Mason then traveling to an invitational tournament in Florida. Our kids should be able to handle the schedule because our guys have talent too. This group has also shown the ability to bounce back from adversity, as we started 0-4 last year and still played in the last game of the season, but if there’s a concern it’s that there aren’t many easy wins to get us right if we struggle early. I think we’ll be fine though.How does the conference landscape look? Who are the teams to beat in your conference?We play in the best conference in Northeast Ohio. If the Federal League counts as being part of the region, then I think we’re 1a. and 1b. We went to the state championship. We beat Medina 3-2 in the regional final and they had the bases loaded on us when the game ended. Mentor lost in the regional final to the eventual state champion. Solon hasn’t lost a conference game since 2016. Brunswick has one of the best catchers and pitchers in the area, and they can always swing the bats. Elyria and Shaker Hts. were much better last year than in previous years. In other words, who knows? We certainly have a shot, but so do a lot of other teams.Who are the key leaders on your team? What do they bring to the team?I really like how our seniors have taken on leadership roles, especially Mitch Midea, Trevor Denning, and Matt Brosky. Mitch is the quieter, lead-by-example guy, Denning is the fiery, passionate leader, and Brosky is the leader of the pitching staff. Austin Mucurio has also carved out a niche for himself but he’s caught between being both a pitcher and a position player. Brosky and Midea are both also, but Brosky is pitcher-first and Midea, until this year, has been a middle infielder-first. Mucurio is truly in between both of those roles so he’s leading as well as he can with a foot in both places at once. Our other two seniors, LHPs Lenny Hahn and Justin Lewis have brought a relaxed atmosphere to the pitching staff, while still competing daily. The last group to mention are our 3 juniors who played most or all of last season on the varsity team as sophomores. Jack Frank, Giovanni Lombardo, and Jesse Kramer were part of something special last year; they can certainly help their classmates understand the day-to-day expectations we have. They can help mentor guys who were in the program last year, but not on the varsity roster, for our run to Columbus. If we come together as I think we will, this team could do some special things again, but only if we focus on getting one day better each day.
The question was voted down during the last Council meeting, but through a technicality, Kenai Mayor Pat Porter brought it back for reconsideration when Vice Mayor Brian Gabriel would be present. With Gabriel’s vote, the sale of the property to ShiRon Properties was secured. The issue of airport-owned land has been hotly debated in recent months as lease holders sought to purchase the properties they’ve paid rent on for up to 30 years. They were denied the sale unless the price fit within a calculation established by City Manager Rick Koch. Koch insists the airport needs the lease money to continue operating in the black and is requiring that the sales balance the loss in revenue in the long-term. Long-term lease holders like Olga’s Jewelry’s Sid Morris say this isn’t what they thought they were signing up for, since previous administrations have allowed for the sale of the land at market value. Councilor Tim Navarre last night encouraged the Council to send a message that “the City of Kenai knows how to get around red tape and get things done,” but Councilor Mike Boyle objected saying the City should be known for fair and predictable business practices, not breaking the rules it sets without warning. Booked agreed that “a lot of time that red tape in put in place for a purpose, many times that is so that subjectivity is removed from decision-making.” FacebookTwitterEmailPrintFriendly分享The Kenai City Council decided last night they will sell a vacant parcel on the corner of Main St Loop and the Kenai Spur Highway in Kenai, which has been owned by the airport. The sale was ultimately approved 4-3 with Molloy, Boyle, and Bookey in opposition.
West London Sport revealed last week that a £12m bid for Austin from Leicester had been rejected.AdChoices广告Speculation over his future has since continued, with Bournemouth and Newcastle reported to be willing to pay close to Rangers’ £15m asking price.Cherries boss Howe added: “We are not in the market for players costing £14m and the story was inaccurate.“As much as I am an admirer of Charlie Austin, he is out of our reach financially.”Follow West London Sport on TwitterFind us on Facebook Eddie Howe has described a report suggesting Bournemouth are planning a £14m bid for Charlie Austin as a “total fabrication.”Howe told the Bournemouth Daily Echo there is no prospect of him signing QPR striker Austin, who has been linked with several clubs.
Roque Mesa left Swansea City and joined Sevilla on loan in the January transfer window, just six months after signing for the English club. As a part of the loan move, the La Liga outfit had the option of signing the midfielder on a permanent deal. Earlier, we reported the two clubs were yet to agree a fee for Mesa, despite Sevilla agreeing personal terms with the player.Swansea were relegated from the Premier League and Sevilla were hoping to take advantage of the situation to further reduce the transfer fee.According to Marca, Sevilla will now exercise the option of signing Mesa and will pay €8 million plus €2m in variables, depending on the objectives, to Swansea. The Canary Island-born midfielder will undergo his medical today ahead of his permanent switch to the Ramón Sánchez Pizjuán.Mesa will sign a three-year deal with the Spanish club and will become new Sevilla manager Pablo Machin’s first signing at the club.These Marca figures are different from others elsewhere and it will certainly be interesting to see what the Seville media report after the deal.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksTrending TodayForge of Empires – Free Online GameIf You Like to Play, this City-Building Game is a Must-Have. No Install.Forge of Empires – Free Online GameUndoRaid: Shadow Legends | Free DownloadEven Non-Gamers Are Obsessed With This RPG Game (It’s Worth Installing!)Raid: Shadow Legends | Free DownloadUndoDash Living Hong KongExpat’s Favorite – Fully Serviced Studio from HK$10,000 / moDash Living Hong KongUndo聽多多 Hearmore.asia1969年前出生的香港居民現可免費試戴頂尖的歐洲助聽器聽多多 Hearmore.asiaUndoDating.comTung Chung is actually full of single men. Check them out on this premium dating site!Dating.comUndoStanChart by CNBC CatalystDigitization in Banks Is No Longer About Efficiency, but Business Resilience. Don’t Get Left Behind.StanChart by CNBC CatalystUndoInstant Voice TranslatorGenius Japanese Invention Allows You To Instantly Speak 43 LanguagesInstant Voice TranslatorUndoCNBC InternationalHere’s How Big Businesses in Singapore Are Managing the Impact of COVID-19.CNBC InternationalUndoCNN with DBS BankThe New Role Banks Are PlayingCNN with DBS BankUndo