McCarthy, Jacobs star for Scorpions

first_img The victory was a welcome boost for Scorpions following their disappointing defeat to title-holders Trinidad and Tobago Red Force on Thursday, while ICC Americas slid to their second straight defeat, on the heels of their opening-round loss to Barbados Pride. The right-handed McCarthy held the Scorpions’ innings together after it threatened to stall at 61 for three in the 16th over when they lost captain John Campbell (3), fellow opener Trevon Griffith (15) and Devon Thomas (19) cheaply. He counted 11 fours and four sixes and shared a 105-run fourth-wicket stand with Lambert, whose 28 came from 51 balls and included two fours. McCarthy added a further 49 for the sixth wicket with Aldaine Thomas (15), before he was seventh out via the run-out route. In reply, ICC Americas lost captain Ruvindu Gunasekara to the first ball of the innings, but climbed back into the contest through a 42-run stand between Kumar and Steven Taylor (12). Once the stand was broken, however, the last nine Americas wickets tumbled for 34 runs as Jacobs scythed through the innings. AT QUEEN’S PARK OVAL: Trinidad and Tobago Red Force beat Barbados Pride by nine wickets. Scores: Barbados Pride 161 all out off 49.3 overs (Roston Chase 50; Jon Ross Jagessar 3-24). T&T Red Force 163 for one off 35.5 overs (Kjorn Ottley 80 not out, Kyle Hope 70 not out). WELCOME BOOST ST AUGUSTINE, Trinidad (CMC): Andre McCarthy struck his maiden regional one-day hundred and leg-spinner Damien Jacobs claimed a five-wicket haul as Jamaica Scorpions rebounded from their opening-round loss to crush ICC Americas by 184 runs here yesterday. Playing at the Frank Worrell Memorial Ground at the UWI Sport & Physical Education Centre, Scorpions piled up 260 for eight off their 50 overs, with the 28-year-old McCarthy hammering 118 from 119 deliveries. The only other frontline batsman to make it past 20, however, was former captain Tamar Lambert with 28, while Sheldon Cottrell chipped in with a cameo 29 batting at number seven. Fastman Jeremy Gordon was the best bowler with three for 32, while Muhammad Khan claimed two for 63. In their turn at the crease, the Americas never posed a serious challenge and slumped to 76 all out off 26.4 overs. Nitish Kumar top-scored with 42, but was the only batsman to pass 15, and only one of two to reach double figures, as Jacobs destroyed the innings with five for 22. Fast bowler Nicholas Gordon picked up two for 17.last_img read more

Nurse brimming with confidence after cameo

first_imgBRIDGETOWN, Barbados (CMC):All-rounder Ashley Nurse is hoping that the immense show of power he demonstrated on Wednesday night will serve him well in the upcoming Tri-Nation One-Day International Series.The 26-year-old stole the spotlight in the West Indies winnings with a courageous 50 off 31 balls, though the effort failed to save West Indies blushes, as they lost to a Barbados Select XI by 50 runs in a day/night fixture at Kensington Oval.”I played naturally. I always play naturally. It was a case of assessing the situation and doing what was required,” Nurse said.”We were way off the pace at one stage, so I had to settle in before looking to play my shots. Once I got in, it then became a case of looking to win the match.”For me, this is a solid build-up. I have been working hard in the nets with my batting, bowling and fielding, and I’m feeling quite ready for what we have coming up in the Tri-Series.”In terms of my bowling, the ball is coming out the way I want it to. I got a few wickets here as well, so, overall, it’s a good feeling going into the series.”ADDING ON RUNSKnown more for his off-spin bowling than his batting, Nurse played a rearguard knock which brought the Windies from the danger of 143 for six in the 31st over to 240 all out in the 48th over.He added 66 for the seventh wicket with Jamaican Rovman Powell, who top-scored with a composed 58 off 71 balls.Nurse was a member of the West Indies team which won the T20 World Cup in India last month and said that was a huge fillip for his game.”I was absolutely thrilled to be part of the team which won the tournament and brought such glory to the people of the West Indies,” Nurse said.”Being part of that squad gave me a lot of confidence, and I just want to continue that momentum. We will be playing at home, the first time since we won on India so there will be a lot of expectation and we anticipate a lot of support from the fans.”The team morale is really good, with everyone being his brother’s keeper. Our team is balanced and we can cope with the conditions, and we will do well against the Aussies and the South Africans.”The Tri-Nations, involving Australia and South Africa, runs from June 3-26 in Guyana, St Kitts and Nevis and Barbados.SQUAD: Jason Holder (captain), Sulieman Benn, Carlos Brathwaite, Darren Bravo, Jonathan Carter, Johnson Charles, Andre Fletcher, Shannon Gabriel, Sunil Narine, Ashley Nurse, Kieron Pollard, Denesh Ramdin, Marlon Samuels, Jerome Taylor.last_img read more

Shawn Mendes Confirmed as a Performer for CTVs Broadcast of THE 2017

first_imgSocial Media links Just in time for the holidays, tickets for THE 2017 JUNO AWARDS broadcast are available starting at $39 through the Canadian Tire Centre Box Office, by phone at 1-877-788-3267 and online at ticketmaster.ca. The JUNO Awards has partnered with Plus 1 so that $1 from every ticket is donated to MusiCounts, helping to ensure that children and youth across Canada have access to musical instruments. Plus 1 is a non-profit that partners with touring artists to facilitate a $1 add-on from every concert ticket to go to a cause the artist partner believes in.THE 2017 JUNO AWARDS is produced by Insight Productions in association with CTV and The Canadian Academy of Recording Arts and Sciences (CARAS). Executive Producers are John Brunton and Barbara Bowlby for Insight Productions, Allan Reid and Mark Cohon for CARAS, and Randy Lennox for Bell Media. Lindsay Cox is Executive Producer and Supervising Producer. Corrie Coe is Senior Vice-President, Independent Production, Bell Media. Mike Cosentino is Senior Vice-President, CTV and Specialty, Bell Media. Randy Lennox is President, Broadcasting and Content, Bell Media.Premier Partners of The 2017 JUNO Awards: CARAS acknowledges the financial support of FACTOR, the Government of Canada and of Canada’s Private Radio Broadcasters, Radio Starmaker Fund, Ottawa 2017, the Province of Ontario, the Ontario Media Development Corporation, Tourism Ottawa, Google Play Music and TD Bank Group. CTV and The Canadian Academy of Recording Arts and Sciences (CARAS) announced today that multi-platinum, singer-songwriter Shawn Mendes is confirmed to perform on CTV’s broadcast of THE 2017 JUNO AWARDS. Following the successful release of his latest album Illuminate this fall, four 2016 MTV EMA wins, two 2016 IHEART RADIO MMVA wins, and a performance on SATURDAY NIGHT LIVE this past weekend, Mendes returns to the JUNO stage for the third year in a row. THE 2017 JUNO AWARDS airs live on CTV and CTV GO from the Canadian Tire Centre in Ottawa on Sunday, April 2, with more broadcast details to come in the coming weeks.“There’s no better way to showcase Canadian music during the 150th anniversary of confederation than to have one of the country’s most-impactful international artists take the JUNO stage,” said Randy Lennox, President, Broadcasting and Content, Bell Media. “We look forward to welcoming this young superstar back for what is guaranteed to be a spectacular JUNO Awards broadcast.”“We couldn’t be happier to have Shawn back at the JUNO Awards in our Nation’s Capital,” said Allan Reid, President & CEO, CARAS/The JUNO Awards and MusiCounts. “In 2017 we celebrate the sesquicentennial of confederation, and this is just the start of what is going to be an unforgettable line-up for the show.” Facebook Login/Register With: Advertisement Advertisementcenter_img @shawnmendes Official JUNO Awards website CTV’s JUNO Awards website JUNO TV CTV website Advertisement LEAVE A REPLY Cancel replyLog in to leave a comment About CARASThe Canadian Academy of Recording Arts and Sciences/L’académie canadienne des arts et des sciences de l’enregistrement (CARAS) is a not-for-profit organization created to preserve and enhance the Canadian music industry and to contribute toward higher artistic and industry standards. The main focus of CARAS is the exploration and development of ongoing opportunities to showcase and promote Canadian artists and music through vehicles such as The JUNO Awards and other year-round initiatives. For more information on the 46th Annual JUNO Awards or The Canadian Academy of Recording Arts and Sciences (CARAS) please visit www.junoawards.ca.About CTVCTV is Canada’s #1 private broadcaster. Featuring a wide range of quality news, sports, information, and entertainment programming, CTV has been Canada’s most-watched television network for the past 15 years in a row. CTV is a division of Bell Media, Canada’s premier multimedia company with leading assets in television, radio, digital, and Out-of-Home. Bell Media is owned by BCE Inc. (TSX, NYSE: BCE), Canada’s largest communications company. More information about CTV can be found on the network’s website at CTV.ca. Twitterlast_img read more

Umpires Are Less Blind Than They Used To Be

Umps are getting better, and they’re also remarkably consistent. An ump who makes more accurate calls in one year will likely do the same the next; an ump who misses more calls in a given season will likely be as bad the next. Umpire accuracy is more steady than a player’s batting average or a pitcher’s ERA, and as consistent as OPS (on-base plus slugging) and wins above replacement.To see how this works, look at the performance of Lance Barksdale and Tim Welke. While they both follow the league’s general trend of increased accuracy — more about that later — they have, respectively, been one of the best and one of the worst umpires over the past seven years. The difference between Barksdale and a league average ump is about five correct calls per game; the difference between Barksdale and the league’s worst umpire is closer to 10 calls a game. On average, that’s about one judgment call per inning that a good ump is getting right and a bad ump is getting wrong. That might not sound like much, but if once every six outs a batter gets another swing after a third strike that wasn’t or a pitcher strikes a hitter out on a pitch that’s actually a ball, you can start to see the impact.Given their differences, umps develop reputations. Near the end of infielder Mark DeRosa’s 16-year career, he knew what to expect from the umpire calling balls and strikes. “You gain knowledge over the course of being in the big leagues for the course of a couple of seasons,” he said. “You understand which umpires are a little bit wider in their zone, who are a little bit more north-south, who’s going to force the pitcher to come tight.”Before games, he and his teammates would even talk about what they could expect during the game: “A comment would be passed back and forth, whether we should be pulling the trigger tonight or ‘this guy is normally a hitter’s umpire and likes to force the pitcher to come back over the plate, so let’s be a little bit more picky with what you’re going to swing at.’ ”An umpire who understands what calls he is missing is an ump who can improve. “It was amazing how my perspective of the strike zone changed when I got this technology,” Dellinger said. “I thought pitches were on the plate, until you get that data back. You see that some of those pitches were not on the plate. It wasn’t something that was done intentionally. It was just your perception of the strike zone. I was able to quickly make adjustments based on having that information, which was huge to me.”Seeing the data, however, can make fans less charitable. “They see a pitch that is out of the box, and they think, ‘Aw, he’s a bad umpire,’ ” Dellinger said. “I’m thinking, ‘You should have seen it 15 or 20 years ago.’ ”He’s right — ump accuracy has improved since 2008. But it has been on only one type of pitch: strikes.While umps call balls no differently than they did seven years ago, they’re accurately gauging strikes at much higher rates. This distinction is so large that Brian Mills, a professor of tourism, recreation and sports management at the University of Florida, cites the increasing size of the strike zone as accounting for about half of the league’s 50-point drop in OPS since 2008. In other words, steroid testing isn’t the only change responsible for MLB’s drop in offensive output. It’s also more called strikes.While the league and the umpires association have access to data showing that specific umps tend to be better at calling balls and strikes, it does not appear that they use this information to reward those who are the most accurate with choice assignments, like the All-Star Game or the postseason.2MLB declined to make specific umpires available for interviews but did let Peter Woodfork, senior vice president of baseball operations, and Randy Marsh, director of major league umpires, talk.According to Peter Woodfork, senior vice president of baseball operations, balls and strikes play a role, but don’t write Lance Barksdale’s name into your World Series scorecard just yet. “Once you meet a standard, you’re in the mix,” Woodfork said, likening the selection process to that of the NCAA tournament. Assignments are doled out using a mix of analytics and judgment: “Balls and strikes is taken into account along with field work, rules, instant replay and handling situations. Professionalism also factors into grading umpires. The plate work may carry more weight in the evaluation, but they are all important.”If plate work is important, it hasn’t shown in playoff assignments. According to numbers from BaseballSavant.com, umps who were No. 70, 71 and 76 in the accuracy rankings (out of 79) called balls and strikes in the ALCS last year, with only one of the top 10 umps receiving a league championship series or World Series spot. And this more exhaustive look at umps also finds that postseason spots do not appear to be linked to regular-season performance. “Like any other profession, you can go up and go down, but the consistency over time often helps,” Woodfork said. “We don’t ignore what you’ve done in the past, but that year carries the most weight.” If that’s true, expect our old friend Barksdale to receive a high-profile opportunity, as his 90 percent accuracy rate through July 1 is far and away the best single-season number in our data.But while decisions on postseason spots won’t come for several weeks, MLB has already had one opportunity to reward an umpire for past performance, getting to pick a home plate umpire for July’s All-Star Game. It chose Tim Welke — the same Tim Welke who has consistently had one of the league’s worst rankings since 2008. Dusty Dellinger knows how difficult it is to be an umpire. “There’s an old saying that they expect you to be perfect from day one and get better,” the former Major League Baseball official said over the phone. As the director of Minor League Baseball Umpire Development and the Minor League Baseball Umpire Training Academy, he knows how elusive perfection can be.Correctly calling 140 pitches flying 90-plus mph and breaking six inches or more is a near-impossible standard. And when mistakes are made, players and managers aren’t bashful. Jonathan Papelbon said D.J. Reyburn should “go back to Triple A” after a confrontation over balls and strikes. Joe Girardi complained about inconsistency. Larry Andersen did too after he retired, labeling the men behind the plate arrogant. You don’t have to look too hard for more examples.That’s led plenty of people to wonder when robots will come for the umps’ jobs. But lost amid those blue-sky dreams is what’s happened to the way we judge the blue behind the plate. Technology has changed how we can evaluate umps. It shows that umps are getting better, that there’s a significant gap between the best and worst, and that the best umps aren’t working the biggest games.After every game, umpires receive a report from the league office that informs them about their accuracy, their correct calls, and the ones they missed. Pitchers, hitters and fans have near-instant access to information on an umpire’s accuracy, too. The chart below shows the accuracy rates for calling balls and strikes for each ump since 2008, when MLB installed the PITCHf/x tracking system in every stadium.1The data was collected from BaseballSavant.com. Umps in the data set saw at least 3,000 pitches (called balls or strikes) in each season, with a smaller restriction (1,800 pitches) for 2015. read more

Hyundai ix25 Surface Online in New Spy Shots to Rival Ford Ecosport

first_imgIt seems South Korean auto major Hyundai is leaving no stone unturned in their attempts to expand the company’s business in India. The company’s upcoming mini SUV Hyundai ix25, a strong rival of Ford’s fortune changer EcoSport, has been caught again, during its winter test in China.Chinese auto portal Auto.Sohu has released a new set of spy shots of Hyundai’s compact SUV ix25. Although the new images show the test mule of the ix25 fully camouflaged in a black swathe, it gives a sneak peak into the interiors of the vehicle.Based on Hyundai’s next-generation i20, the new SUV ix25 is likely to be positioned under the ix35 and is expected to make its global debut at the upcoming Beijing Motor Show which is scheduled to be held in April. Chinese media reports that the vehicle will make its Chinese entry by the end of this year. India debut of the vehicle is also likely to be around the same time. The car flaunts Hyundai Curb Concept and is reported to have a wheelbase of 2,570 mm.Talking of its engine specifications, rumours are rife that the new SUV of Hyundai would draw its power from 1.0 litre, direct injection, turbocharged petrol engine. The previous images of the SUV ix25 revealed that the car is likely to accommodate decent legroom at the rear, adjustable headrests and rear air con vents.Earlier last week, Hyundai’s new gen 2015 i20 spied testing in India. The car which is expected to hit the market in this year is one of the 22 cars that the company plans to launch under the ‘Product Momentum 2017′ badge in the next three years. The India specific version of new i20 is expected to pack 1.4-liter diesel and 1.2-liter Kappa2 engine mated to either a 5-speed manual or a 6-speed manual transmission.last_img read more

BSE closes points 3818 up on August 13

first_imgBSE closes points 38.18 up on August 1339K views00:00 / 00:00- 00:00:0000:00BSE closes points 38.18 up on August 1339K viewsBusinessNew Delhi, August 13 (ANI): Trading at the Bombay Stock Exchange today closed 38.18 points up to stand at 25,918.95. At the National Stock Exchange the Nifty closed 12.50 points up to stand at 7,739.55. Eicher Motors and Nestle India were among the top gainers of Group A with an increase of 10.66% and 5.31% along with Apollo Hospitals Enterprise Ltd. and Coromandel International Ltd. with an increase of 4.70% and 3.66% respectively, while the top losers of Group A include Unitech and Engineers India with a decrease of 17.14% and 13.89% along with Jaiprakash Associates Ltd. and Indiabulls Real Estate Ltd. with a decrease of 9.16% and 8.48% at the close of the markets. The Auto sector is up 13.30 points at 16,255.99 while the banking sector is down 170.67 points at 17,066.96 and the reality sector is down 97.99 points at 1,777.75. The Indian currency is up 0.29% at Rs 61.25 per dollar.Ventuno Web Player 4.50New Delhi, August 13 (ANI): Trading at the Bombay Stock Exchange today closed 38.18 points up to stand at 25,918.95. At the National Stock Exchange the Nifty closed 12.50 points up to stand at 7,739.55. Eicher Motors and Nestle India were among the top gainers of Group A with an increase of 10.66% and 5.31% along with Apollo Hospitals Enterprise Ltd. and Coromandel International Ltd. with an increase of 4.70% and 3.66% respectively, while the top losers of Group A include Unitech and Engineers India with a decrease of 17.14% and 13.89% along with Jaiprakash Associates Ltd. and Indiabulls Real Estate Ltd. with a decrease of 9.16% and 8.48% at the close of the markets. The Auto sector is up 13.30 points at 16,255.99 while the banking sector is down 170.67 points at 17,066.96 and the reality sector is down 97.99 points at 1,777.75. The Indian currency is up 0.29% at Rs 61.25 per dollar.last_img read more

Market watch Sensex sheds 175 points after Infosys trims revenue guidance

first_imgThe S&P BSE Sensex fell 175 points on Monday after India’s second largest IT firm Infosys trimmed its dollar revenue forecast for the current fiscal year.The Sensex closed at 26,904 points, down 0.65%, while the 50-share Nifty fell by 43 points, or 0.56%, to end at 8,143.Investors booked profits at higher levels after Infosys revised down its guidance to 6.4 to 8.4% in dollar terms from a previous estimate of 7 to 9%, despite posting a forecast-beating net profit for the second consecutive quarter this fiscal. Infosys net profit rose 9.8% to Rs 3,400 crore in the July-September period on a sequential basis, while revenue stood at Rs 15,635 crore.In a surprise move, the company’s chief financial officer Rajiv Bansal announced his resignation; he will be replaced by senior executive MD Ranganath.Following a cut in revenue estimates, Infosys shares fell nearly 4% to close at Rs 1,122 on the BSE, while other IT stocks also witnessed selling pressure. India’s largest IT firm Tata Consultancy Services (TCS) shares fell by 1.4%, while Wipro stocks were down by over 1%.”Infosys delivered a strong operational performance in Q2 FY16 with constant currency revenue growth exceeding expectation and margin improvement in-line. However, a cautious growth outlook for H2 FY16 impacted stock sentiment as it endangers incremental growth recovery in FY17. Heading into a transient challenging period, the stock may not offer further material upside after a significant outperformance in the past few months,” said Amar Ambani, Head of Research, IIFL.TCS is scheduled to release its second quarter results on Tuesday and investors will watch the company earnings closely, as it disappointed the Street’s estimates in the past few quarters.Among the BSE sectoral indices, IT was the top loser ending 2.1% lower, followed by healthcare and FMCG. However, metal stocks gained sharply taking a cue from rising global commodity prices. While the Vedanta stock ended 7% higher, Hindalco shares were up nearly 6%.Reliance Power (up 3.9%), BHEL (up 1.8%), Tata Motors (up 1.7%) and NTPC (up 1%) were the other top gainers among Sensex stocks. DLF (down 2.7%), Cipla (down 1.9%), HDFC (down 1.7%) were among the top losers.On the global front, Chinese stock markets soared on expectations of further stimulus from the country’s authorities. China’s benchmark Shanghai Composite ended 3.3% higher, lending support to other Asian markets. While Japan’s Nikkei was up 1.6%, Hong Kong’s Hang Seng closed 1.2% higher.Gold prices rose sharply by Rs 170 to Rs 26,870 per 10 gram, tracking the strength in the overall markets. Silver prices also ended Rs 275 higher at Rs 37,000 per kg.last_img read more

Indias Lupin to scale up brand specialty business in US

first_imgIndia’s drug major Lupin said on Sunday that it is looking to consolidate its branded and specialty business by launching new products, acquisition of brands and buyout of specialty companies in the United States market, which complements its therapy areas.The U.S. is currently Lupin’s biggest market, contributing to 45 percent revenues of the company during 2014-2015. The Mumbai-based pharma company’s sales in 2014-2015 touched over $800 million in the U.S., of which its brands business contributed 8 percent.”The company is committed to strengthening its branded and specialty portfolio by leveraging, developing and launching products from its own pipeline (including Gavis) and through making strategic brand acquisitions or acquiring other specialty companies which compliment our therapy focus,” Ramesh Swaminathan, the chief financial officer (CFO) at Lupin, was quoted by the Press Trust of India as saying.He said that Lupin’s focus is on various therapeutic areas, such as paediatrics, women’s health, inhalation, dermatology and ophthalmology.On April 28, Lupin informed the Bombay Stock Exchange (BSE) in a filing, the re-introduction of its brand, Methergine, in the U.S. for the treatment of postpartum hemorrhage (PPH), which is a leading cause of pregnancy-related complications and maternal deaths in the U.S.”With Methergine, Lupin is making a significant investment to help improve the management of PPH, providing professional medical education, leveraging its specialised sales force to drive better awareness and access to care, and ensuring a more stable supply of this essential medicine,” according to the filing.The Indian drug company markets five brands in the U.S. market, taking a lead among Indian pharma companies in the U.S., especially after the launch of its antibiotic Suprax, which secured exclusive rights in the U.S.”The Methergine launch is definitely going to have a positive impact on our U.S. revenues. Our specialty and brands business is sure to pick up traction as we add new products to our brands portfolio which will contribute to firming up our profitability. The Methergine launch is one such instance,” Swaminathan was quoted by the PTI as saying.Lupin recently received a warning letter from the United States Food and Drug Administration (USFDA) concerning violations of good manufacturing practices at its plant at Mandideep in Madhya Pradesh.Lupin is the fifth largest generics player in the U.S., capturing 5.6 percent of the prescription drugs market share, according to the health data services firm, IMS Health.Meanwhile, the stock of Lupin was trading at Rs. 1,620.0 on BSE at 12.27 p.m on Monday, up by 0.76 percent from its previous close at Rs. 1607.75.last_img read more

Reliance Infra to exit road business may sell entire portfolio to ease

first_imgReliance Infrastructure is nearing a deal to sell all of its road projects to Canada-based Brookfield Asset Management firm. The sale is a part of the company’s strategy to restructure its heavy debt by exiting from capital intensive businesses like road construction.The deal, estimated to be Rs. 8000 crore, had reached an exclusive negotiation phase, and a definitive sale agreement could possibly be signed in August, sources told the Economic Times.Anil Ambani-led Reliance Infrastructure is also one of the National Highway Authority of India’s (NHAI) biggest concessionaire with concession period ranging from 18 to 30 years. With 11 road projects spanning 1,000 km across India’s seven key states, the projects also encompass cities like New Delhi, Bangalore, Jaipur, Agra, Gurgaon, Pune and others mostly located on high traffic urban corridors.The news daily noted that the ADAG’s infra business had invested around Rs. 7,500 crore to Rs. 8,000 crore on the complete road assets.The company’s road business earned Rs. 653 crore in revenue in 2016 and is slated to touch Rs. 900 crore in 2017 when all the 11 projects complete a year of operation. Though all its road assets are revenue generating at present, the company sits on Rs. 5,000 crore debt. Estimated investments for the entire portfolio of roads is between Rs. 7,500 crore to Rs. 8,000 crore.For Brookfield, the assets are worthy investments as they fall under its core sectors of property, infrastructure, power and private equity. The company’s India head noted that “the assets themselves are not stressed, but are world class. They just happen to belong to businesses that are stressed” in India.With the sale of road business, Reliance Infra’s standalone debt is expected to ease, helping the company focus on high return of equity areas like defence manufacturing and engineering, procurement and construction (EPC) businesses.As of March 31, the company’s standalone debt was Rs.15,500 crore, while its consolidated debt was Rs. 25,000 crore.last_img read more

Philip Green clashes with Sky News reporter

first_imgSir Philip Green, the former owner of BHS, got into an angry exchange with a Sky News journalist who attempted to question him over his role in the collapse of the retail chain.A video appears to show the billionaire businessman lunging at the news crews cameraman and threatening to throw his equipment into the water while on holiday in Greece.The incident occurred after Sky News journalist David Bowden asked him why he was holidaying in his yacht instead of dealing with the BHS pension deficit.Im going to call the police if you dont go away, Green says in the video.Bowden is then heard asking: People will want to know why youre on holiday when they think you should be sorting out the pension deficit.Green is then seen trying to grab the camera while saying: Will you go away? Go away! Which bit are you not understanding? Just go away. Thats going in the f****** sea.Pensions messGreen was grilled for six hours by MPs in the House of Commons in June over his role in the demise of BHS in June.The retailer filed for administration in April, putting 11,000 jobs and 20,000 pensions at risk. Its demise left a £571m ($745m) black hole in its two pension schemes.The company was bought by Dominic Chappells Retail Acquisitions last year for just £1 from Green, even though Chappell had been declared bankrupt twice before and had no previous experience in retail.Green took blame for the pensions mess in June and pledged to sort it.We want to find a solution for the 20,000 pensioners. Its current and in motion. We are trying to fix this mess, he told MPs.Green was criticised for taking delivery of a private jet days after appearing in the House of Commons.Some MPs have accused Green of removing large sums of money from BHS through dividends and rent during his 15-year ownership of the business and have called for his knighthood to be stripped.A deadline of 28 August has been set by administrators for all BHS stores to close.last_img read more