Lees feels margin pressure

first_imgScottish confectionery group Lees Foods has increased its sales by almost £2m during 2011.The Coatbridge-based firm reported an 8.9% rise in sales last year to £20.3m in its preliminary results for the year ended 31 December 2011, with pre-tax profits up 6.1% to £1.09m.Lees of Scotland, which produces snowballs, teacakes, meringues and seasonal biscuits under the Lees brand, revealed a 33.1% decline in gross margins, which the company attributes to “significantly higher input prices”.Clive Miquel, chief executive of Lees Foods, said: “Protecting margins, through managing the impact of considerable ingredient and packaging cost increases, continues to be our main focus. The cost increases we face in 2012 on two of our key ingredients, sugar and eggs, are significant. “In order to meet the current challenge of rising ingredient costs, it is vitally important that we successfully introduce new products at improved margin levels to continue our profitable growth. In this regard, during 2011, we launched Lees’ mini meringue cake decorations, which take us into a new product area with our retail customers.”Basic earnings per share increased to 31.94p for the year, in comparison to 29.28p in 2010.The firm stated that, in the past 12 months, it was able to expand into new markets with the launch of its Lees mini meringue cake decorations.last_img read more

Summer Vacation

first_imgToday it is your kids who determine when your summer vacation will occur.  It used to be that the head of the family or his/her job determined when you got off.  Now you have to check your child or children’s summer camp schedule to see when you get to go on vacation.In a state like Indiana, you only have 2 months off from school.  The month of June is normally heavily scheduled with athletic contests.  That means you have as few as 4 weeks in July to go on a trip.  Is this really summer vacation?last_img

Dismal weather conditions stop Dodge City again

first_imgBy Lonnie WheatleyDODGE CITY, Kan. (April 6) – For the second weekend in a row, unfavorable weather conditions have forced the postponement of the season opening event atop the 3/8-mile Dodge City Raceway Park clay oval in southwest Kansas.Expected record low temperatures and a wintry mix on Friday night and then “Real-Feel” temperatures approaching single digits on Saturday night have forced the cancellation of Saturday night’s card that was to include a full slate of DCRP Sprint Cars, IMCA Modifieds, IMCA SportMods, IMCA Sunoco Stock Cars and IMCA Sunoco Hobby Stocks.The state-of-the-art facility will now kick off the season on Saturday night, April 21, with the sixth annual Modified Stampede.  Woodward, Oklahoma’s Cole Traugott raced to his second consecutive Modified Stampede victory last season with other past winners including David Murray Jr. and Brendon Gemmill.The April 21 event featuring the IMCA Modifieds will also include the Precise Racing Products DCRP Sprint Cars, IMCA SportMods, Stock Cars and Hobby Stocks, with racing going green at 7:30 p.m.last_img read more

Chelsea v Nottingham Forest line-ups: Hazard plays, youngsters included, Forest man out

first_imgEmbed from Getty ImagesEden Hazard makes his first Chelsea start of the season and is joined in the side by Charly Musonda and Kenedy for the EFL Cup tie at Stamford Bridge.As expected, a number of Blues players have been rested, with Alvaro Morata among the substitutes as Michy Batshuayi leads the attack. There are places on the bench for youngsters Jake Clarke-Salter, Dujon Sterling and Ethan Ampadu.Forest are without midfielder David Vaughan, who has a groin injury. The visitors are captained by former Chelsea man Michael Mancienne.Midfielder David Vaughan could return from a groin injury for Forest.Chelsea: Cabellero; Rudiger, Christensen, Cahill; Zappacosta, Bakayoko, Fabregas, Kenedy; Musonda, Hazard, Batshuayi.Subs: Eduardo, Clarke-Salter, Sterling, Ampadu, Moses, Willian, Morata.Forest: Henderson, Lichaj, Mancienne, Osborn, Fox, Dowell, Hobbs, Bouchalakis, Walker, Cummings, Worrall.Subs: Smith, McKay, Clough, Brereton, Carayol, Darikwa, Vellios. Follow West London Sport on TwitterFind us on Facebooklast_img read more

Transgender Cyclist Defends Her Right to Compete in Women’s Sport

first_imgLondon: Transgender cyclist Rachel McKinnon has defended her right to compete in women’s sport despite accepting trans athletes may retain a physical advantage over their rivals.The Canadian is aware of the reported findings of a study by Sweden’s Karolinska Institute that indicates testosterone suppression for transgender women has limited effect on reducing muscle strength. But McKinnon, defending her sprint title at the Masters Track Cycling World Championships in Manchester this weekend, told Sky News it was a human right for transgender women to take part in competitive sport.”All my medical records say female,” she said. “My doctor treats me as a female person, my racing licence says female, but people who oppose my existence still want to think of me as male.”There’s a stereotype that men are always stronger than women, so people think there is an unfair advantage. By preventing trans women from competing or requiring them to take medication, you’re denying their human rights.”McKinnon acknowledged that it was possible that transgender women retained a physical advantage over other competitors.”In many Olympic disciplines the gap in performance is bigger between first and eighth in a single sex event than it is between the first man and the first woman,” she said.The debate about whether it is fair for transgender women to compete in women’s sport has come into sharp focus since a row developed between McKinnon and former tennis player Martina Navratilova earlier this year.Navratilova said the issue of transgender athletes was guaranteed to keep raising competitive as well as ethical questions.New rules introduced by the International Association of Athletics Federations (IAAF) say that female transgender athletes must lower their testosterone levels significantly.Transgender athletes are no longer required to be recognised by law in their new gender but only need to provide a “signed declaration” that they identify as female. Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time. cyclingRachel McKinnontransgender First Published: October 18, 2019, 5:55 PM ISTlast_img read more