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Visit One News Page for Europe news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Europe news headlines.

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    The beach in Cornwall that's been named among the 50 best in Europe Porthcurno sits on the list among Italian fjords, iconic cliffs, red sands and Mediterranean gems Reported by Cornish Guardian 24 minutes ago.

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    Global Thermoform Packaging Market to Expand Due to Rising Adoption of Advanced Technologies

    Albany, New York, Dec. 21, 2018 (GLOBE NEWSWIRE) -- The competition in the global thermoform packaging market is anticipated to increase as leading players are using new techniques to manufacture thermoform packaging. Leading players have increased the number of research and development activities and focusing on innovation to offer better and advanced products to their customers. They are also engaged in mergers and acquisitions to further expand their business and have a larger customer base.  Players are also engaged in product differentiation and considered it one of the important strategy used by these players. Display Pack Inc., Bemis Company, Inc., D&W FINE PACK, Sonoco Products Company., HUHTAMAKI GROUP, and Anchor Packaging, Inc. are some of the prominent players operating in the market.

    The global thermoform packaging market is projected to reach a valuation of US$ 57.61 bn by the end of 2024. The market is likely to progress at a steady CAGR of 5.90% during the forecast period 2017 to 2024. In 2017, the market earned US$ 38.6 bn. All the figures are presented in the report published by Transparency Market Research.

    *Request to View Sample of Report at *https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14120

    Based on the packaging type, the blister-packaging segment is expected to outgrow other segments mentioned in the report. High demand for blister packaging is dependent on its high demand in the pharmaceuticals industry. On regional front, Asia Pacific and North America are two key regions driving demand in the thermoform packaging market. Presence of leading players in North America and increasing demand for packaged food and beverages in Asia Pacific are the key growth factor boosting demand in these regions.

    *High Demand for Thermoform Packaging in Food Industry to Fuel Market Growth*

    The demand for thermoform packaging is significantly seen in the food industry where it is used to pack meat, snacks, bakery and confectionary, and dairy products. Thermoforms are also used in manufacturing items such as blisters, trays, clamshells, and lids that are widely by the customer on regular basis. The demand for thermoformed clamshells and blisters is seen in the electronics and retail packaging industries.

    *Request PDF Brochure of Report at *https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14120

    Moreover, the process of thermochromism provides benefits including low-cost molds and customization and less turnaround time.  These factors are also expected to drive the demand in the global thermoform packaging market.  Rapid use of advanced technology will further drive the market’s growth. In addition, using thermoform packaging can help in reducing packaging waste, as they are easy to dispose of. Considering these factors, the global thermoform packaging market is likely to grow significant is the near future.

    *Strict Government Regulations to Deter Demand in Thermoform Packaging Market  *

    Even though the demand for thermoform packaging is rising relentlessly and its growing application in various sectors, few challenges can obstruct the market’s growth. Compliance with strict government regulations and thermoform packaging for heavy materials are some of the factors that can deter the growth in this market. However, rapid development in emerging economies where the demand for thermoform packaging is high can aid in overcoming these restraints. Rising research and development activities in the thermoform packaging market are also expected to accelerate this market.

    *Request For Discount On This Report: *https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=14120

    The information presented in this review is based on a TMR report, titled “Thermoform Packaging Market (Packaging - Blister Packaging, Clamshell Packaging, Skin Packaging, Tubs, and Cups; Material - PET, PVC, PP, PE, and PS; Application - Food (Meat Products, Bakery and Confectionary, Dairy, Snacks, and Food Service Products), Beverages, Pharmaceutical, Cosmetics and Personal Care, Industrial Goods, and Electronics) - Global Industry, Size, Share, Growth, Trends, and Forecast 2017 - 2024.”

    *Browse Press Release at *https://www.transparencymarketresearch.com/pressrelease/thermoform-packaging-market.htm

    *The Global Thermoform Packaging Market has been segmented as presented below:*

    *Global Thermoform Packaging Market, by Packaging*

    · Blister Packaging
    · Clamshell Packaging
    · Skin Packaging
    · Tubs
    · Cups

    *Global Thermoform Packaging Market, by Material*

    · PET
    · PVC
    · PP
    · PE
    · PS

    *Global Thermoform Packaging Market, by Application*

    · Food

    · Meat Products,
    · Bakery and Confectionary,
    · Dairy,
    · Snacks, and
    · Food Service Products),

    · Beverages,
    · Pharmaceutical,
    · Cosmetics and Personal Care,
    · Industrial Goods, and
    · Electronics

    *Global Thermoform Packaging Market: Geography*

    · *North America*

    · U.S.
    · Canada

    · *Europe*

    · U.K.
    · Italy
    · Spain
    · France
    · Germany
    · Rest Of Europe

    · *Asia Pacific *

    · China
    · India
    · Japan
    · Australia & New Zealand
    · ASEAN
    · Rest Of Asia Pacific

    · *Latin America*

    · Brazil
    · Mexico
    · Rest of South America

    · *Middle East & Africa (MEA)*

    · Saudi Arabia
    · South Africa
    · Rest of MEA

    *Browse More **Packaging Market Research Reports*

    *Popular Report by TMR:*

    · *Sustainable Packaging Market - *Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026: https://www.transparencymarketresearch.com/sustainable-packaging-market.html
    · *Molded Fiber Trays Market - *Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022: https://www.transparencymarketresearch.com/molded-fiber-trays-market.html

    · *Thermoformed Shallow Trays Market - *Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024: https://www.transparencymarketresearch.com/thermoformed-shallow-trays-market.html

    *About TMR*

    Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

    Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

    TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

    *Contact*

    Mr. Rohit Bhisey
    Transparency Market Research
    State Tower
    90 State Street,
    Suite 700,
    Albany, NY - 12207
    United States
    Tel: +1-518-618-1030
    USA - Canada Toll Free: 866-552-3453
    *Email: *sales@transparencymarketresearch.com
    *Website: *https://www.transparencymarketresearch.com
    *Research Blog: https://transparencyjournal.com/* Reported by GlobeNewswire 13 minutes ago.

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    Application made to list shares on the NYSE American

    GATINEAU, Quebec, Dec. 21, 2018 (GLOBE NEWSWIRE) -- HEXO Corp (“HEXO” or the “Company”) (TSX:HEXO), a leading licensed cannabis company based in Canada, is pleased to announce that it has filed an application to list its common shares on the NYSE American. Listing of the shares on the NYSE American remains subject to the approval of the NYSE American and the satisfaction of all applicable listing and regulatory requirements. This is an important milestone in the Company’s growth and will broaden HEXO’s exposure to U.S. institutional and retail investors.HEXO is an award-winning licensed cannabis company based in Quebec. The Company has the largest single legal cannabis supply contract in Canadian history as the preferred supplier to the Société québécoise du cannabis, the provincial Crown corporation in Quebec responsible for the trade of cannabis within the province, to supply up to 200,000 kg of cannabis over a five-year term worth over $1 billion. HEXO also has supply agreements in British Columbia and Ontario, a strategic investment in the private cannabis retailer, Fire & Flower and has garnered the attention of Molson Coors Canada and resulted in the creation of Truss, an exclusive partnership to develop non-alcoholic cannabis-infused beverages.

    Earlier this year, the Company’s CEO committed to investors that it would seek a listing on an American stock exchange by the end of 2018. HEXO continues to build a solid reputation for diligent and timely execution on commitments, in support of its aggressive international expansion plan.

    “This is a remarkable milestone for our Company,” said HEXO’s CEO and co-founder Sebastien St-Louis. “We committed to our shareholders that HEXO would seek a listing in the US by the end of 2018 and I am proud to say that we delivered. We have a proven track record for our ability to execute and we will maintain it through our focus on developing and distributing innovative consumer-packaged cannabis products.”

    HEXO is keenly focused on driving value for its shareholders through the execution of its hub and spoke business strategy which sees it partner with Fortune 500 companies in various product categories, leveraging HEXO’s expertise and product knowledge with its partners’ established distribution capacity. The Company has an advanced ability to develop consistent advanced cannabis experiences for use in world-renowned brands such as beverages, food, cosmetics and more including an exclusive partnership with Molson Coors Canada to create Truss.

    HEXO is also in the process of establishing a foothold in Greece to build a Eurozone processing, production, and distribution centre to unlock access to customers across Europe. The Company will leverage this approach in other international markets, including Latin America, as regulations permit.

    Upon receipt of all required approvals and completion of the formal listing process, the Company will publicly announce its first trading date on the NYSE American. HEXO’s common shares will trade on the NYSE American under ticker symbol “HEXO”, the same symbol the Company's common shares currently, and will continue to, trade under on the Toronto Stock Exchange. HEXO’s common shares will also continue to trade on the OTC PINK under the ticker symbol “HYYDF” until completion of the NYSE American listing.

    In connection with its application to list on the NYSE American, HEXO has filed an amended and restated short form base shelf prospectus, amending and restating the Company’s short form base shelf prospectus dated November 19, 2018, with the securities regulatory authorities in each of the provinces and territories of Canada, and a corresponding registration statement on Form F-10 with the U.S. Securities and Exchange Commission (“SEC”) in accordance with the Multijurisdictional Disclosure System established between Canada and the United States. The prospectus and registration statement enable the Company to make offerings of up to C$800 million of common shares, warrants, subscription receipts and units or a combination thereof of the Company from time to time, separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the offering and as set out in an accompanying prospectus supplement, during the 25-month period that the prospectus and registration statement remain effective. The specific terms of any future offering will be established in a prospectus supplement to the prospectus, which supplement will be filed with the applicable Canadian securities regulatory authorities and the SEC.

    A copy of the Company’s amended and restated shelf prospectus can be found on SEDAR at www.sedar.com, and a copy of its registration statement can be found on EDGAR at www.sec.gov.

    *About HEXO Corp.*

    HEXO Corp creates and distributes award-winning, innovative, easy-to-use products to serve the Canadian cannabis market. One of the country’s lowest-cost producers, HEXO currently operates with over 310,000 sq. ft. of production capacity with construction on another 1,000,000 sq. ft. expansion set to be complete by year end. HEXO serves the adult-use market under the HEXO brand, while continuing to serve its medical cannabis clients through the well-known Hydropothecary brand. For more information please visit hexocorp.com. 

    *Forward-Looking Information*

    This press release may contain forward-looking information that is based on certain assumptions and involves known and unknown risks and uncertainties and other factors that could cause actual events to differ materially from current assumptions and expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. A more complete discussion of the risks and uncertainties facing the Company appears in the Company’s Annual Information Form and continuous disclosure filings, which are available on SEDAR’s website at www.sedar.com. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.

    Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

    *Investor Relations:
    *Kathy Chow
    1-866-438-8429
    invest@HEXO.com
    www.ir.hexo.com

    *Media Relations:
    *Sarah Brown
    media@hexo.com
    819-317-0526

    *Director
    *Adam Miron
    819-639-5498  Reported by GlobeNewswire 13 minutes ago.

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    DGAP-News: Steinhoff International Holdings N.V. / Key word(s): Miscellaneous

    21.12.2018 / 12:00
    The issuer is solely responsible for the content of this announcement.
    --------------------

    *UPDATE ON PROGRESS OF FINANCIAL RESTRUCTURING
    Steinhoff International Holdings N.V. (the "Company" and with its subsidiaries, the "Group")*
    *Introduction*
    In accordance with the Company's reporting obligations under paragraph (e) of clause 20 of the lock-up agreement between, among others, the Company, Steinhoff Europe AG ("SEAG"), Steinhoff Finance Holding GmbH ("SFHG"), Stripes US Holding, Inc. ("SUSHI") and certain creditors, dated 11 July 2018 (the "LUA"), please see below the monthly update on progress in connection with the corporate and capital restructuring of the Group's European business (the "Restructuring").

    This report should be read in conjunction with recent market announcements (available at www.steinhoffinternational.com/sens.php), including the monthly update issued on 17 August 2018, the lenders' meeting presentation on 20 September 2018 and the announcements regarding the company voluntary arrangements on 19 November 2018, 30 November 2018 and 14 December 2018.

    *Update on Restructuring and creditor support*
    The company voluntary arrangements in relation to SEAG (the "SEAG CVA") and SFHG (the "SFHG CVA") were approved by the requisite majorities of their respective creditors and by their members at meetings held on 14 December 2018.

    The SEAG CVA was approved by approximately 94% of those creditors who voted (including approval by approximately 93% of SEAG's external financial creditors). The SFHG CVA was approved by approximately 99% of those creditors who voted (including approval by approximately 89% of SFHG's external financial creditors). The relevant reports in relation to the meetings have been filed with the English Court and notices of the results (along with the copies of the relevant reports) have been provided to the relevant creditors and are available at www.lucid-is.com/steinhoff.

    A number of steps remain to be taken before the SEAG CVA and the SFHG CVA are fully effective and the restructuring of the Group's financial indebtedness is implemented, in particular the conditions precedent to the SEAG CVA and the SFHG CVA detailed in the relevant documents will need to be satisfied (or waived) prior to implementation. The Group will continue to keep stakeholders informed as to the progress of these steps as appropriate. Following the approval of the CVAs at the CVA meetings, the interim moratoriums on creditor action against SEAG and SFHG detailed in the CVAs became effective.
    Prior to the implementation of the SEAG CVA and the SFHG CVA, subject to the terms of the LUA, the LUA will remain in force as regards all parties who are a party to it or have acceded to it. Additionally, pursuant to the terms of the CVAs, the Long-Stop Date (as defined in the LUA) has been extended to 5.00pm (London time) on 29 March 2019 (or such later time as may be agreed in accordance with the terms of the relevant CVA).

    The SEAG CVA documentation and SFHG CVA documentation can be downloaded free of charge at www.lucid-is.com/steinhoff.

    *Mattress Firm*
    On 5 October 2018, Mattress Holdco Inc., Mattress Holding Corp. and Mattress Firm, Inc., along with the direct and indirect subsidiaries of Mattress Firm, Inc. (together, "Mattress Firm"), filed voluntary pre-packaged Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware (the "Mattress Firm Filing").

    In advance of the Mattress Firm Filing, the Company's equity ownership in SUSHI was contributed to SEAG.

    On 21 November 2018, Mattress Firm emerged from chapter 11 after successfully completing its reorganisation pursuant to its approved chapter 11 plan and within the 45 to 60 day timeframe initially targeted. In accordance with its chapter 11 plan, Mattress Firm emerged with access to $525 million in exit financing and successfully exited approximately 660 underperforming stores. On 21 November 2018, in consideration for providing the exit financing, the providers of the exit financing received 49.9% of the equity in SUSHI with the Group initially retaining a 50.1% equity interest, both subject to dilution in respect of a Management Incentive Plan.

    Mattress Firm believes that the reorganisation implemented by the chapter 11 plan positions it for long-term success for the benefit of all of its stakeholders, having strengthened its balance sheet and optimised its store footprint, thereby accelerating the turnaround of the business.

    *SUSHI scheme of arrangement*
    Shortly after the Mattress Firm Filing, on 10 October 2018, SUSHI launched an English scheme of arrangement (the "SUSHI Scheme") in respect of its US$200 million revolving credit facility (the "SUSHI RCF"). The SUSHI Scheme was sanctioned on 12 November 2018 and became effective on 16 November 2018. An order was also obtained on 13 November 2018 from the United States Bankruptcy Court for the District of Delaware granting, among other things, recognition of the SUSHI Scheme as a "foreign non-main proceeding" and enforcement of the SUSHI Scheme in the United States. Pursuant to the SUSHI Scheme, the lenders under the SUSHI RCF exchanged their rights under the SUSHI RCF for substantially similar rights under a new RCF between, among others, SEAG (as borrower) and the Company (as guarantor).
    On 16 November 2018, the contribution into the capital of SUSHI of the intragroup liabilities owed by SUSHI to SEAG and Steinhoff Möbel Holding Alpha GmbH, and the SUSHI RCF claims against SUSHI (and subsequent cancellation of the SUSHI RCF) were also effected.

    *Kika Leiner Property Holding Companies*
    Further to the Company's announcements on 22 June 2018 and 13 July 2018 in respect of the agreed sale of the Kika-Leiner operating companies and property companies, the sale of the Kika-Leiner property companies to SIGNA Group completed on 15 October 2018. This represented the final step in the sale of Kika-Leiner by the Group.

    *Hemisphere International Properties B.V. *
    On 6 September 2018, the Group announced that the restructuring of the financial indebtedness of Hemisphere International Properties B.V. ("Hemisphere") had become effective.

    The new finance documents contain various provisions relating to the treatment of certain intercompany payables from Hemisphere to SFHG following determination of the validity and ranking of such payables pursuant to agreed binding advice proceedings, which is expected to occur in the latter half of 2019. Following certain disposals and associated distributions, the amount of principal outstanding of the term loan for Hemisphere as at the date of this announcement is approximately EUR349 million.

    *Greenlit Brands Pty Ltd*
    The refinancing of certain of Greenlit Brands Pty Ltd (formerly known as Steinhoff Asia Pacific Group Holdings Pty. Limited) ("Greenlit") financial indebtedness was completed on 27 September 2018. This included the amendment and restatement of certain intragroup loans, as well as a new senior revolving credit facility and bilateral facilities of AUD$256 million for the refinancing of the existing senior financing. The refinancing provides facilities for the Greenlit businesses through to maturity in October 2020. Greenlit remains independent from the Company in terms of its working capital requirements. Please see the market announcement dated 27 September 2018 for further details.

    *Head office liquidity*
    The Company continues to actively monitor cash flows and manage other liabilities (including contingent claims, tax and bilateral facilities) as well as funding needs that may arise at the subsidiary level. The South African business remains self-funding whilst the Pepkor Europe (including Poundland) business continues to benefit from strong levels of liquidity. Mattress Firm is self-sufficient following the emergence from chapter 11. Finally, the Group has recently agreed to make an additional short-term funding facility available to Conforama to provide working capital support to the Conforama group if required.

    *Update on Group governance*
    As announced by the Company on 19 November 2018, having led the Group through the restructuring of the South African debt and on to the final implementation stages of the restructuring to stabilise the Group for the next three years, Danie van der Merwe (60), who has been Acting CEO since 19 December 2017, is stepping down from this position effective 31 December 2018. He is being succeeded by Louis du Preez. Danie will remain with the Group until December 2019, during which period he will assist the incoming CEO and the Management Board.

    As set out in the SEAG CVA and SFHG CVA, as part of the Restructuring, it has been proposed that certain changes to the governance of the Group companies be made, including at the level of the Company, SEAG and Steinhoff Investment Holdings Proprietary Limited ("SIHPL"). These changes include, notably:

    the appointment of Paul Copley to the Supervisory Board of the Company to be recommended to be approved by the shareholders at the next annual general meeting of the Company in due course;

    the establishment of a sub-committee of the Supervisory Board of the Company to oversee material litigation claims in respect of the Group. The initial committee comprises Peter Wakkie, Louis du Preez, Paul Copley and David Pauker;

    the anticipated appointment of David Pauker to the board of SIHPL to join the existing directors, Louis du Preez and Philip Dieperink; and

    since the LUA was signed, the nominations committee of the Company has been working with the governance working group referred to in the LUA to identify candidates for Newco 3 (as defined in the SEAG CVA and SFHG CVA) board and the boards of the key intermediate holding companies in the SEAG group. The process has identified four strong candidates who are currently engaged with the Group in an onboarding process. The Group hopes to announce those candidates publicly prior to the Restructuring Effective Date (as defined in the SEAG CVA and SFHG CVA). In addition, the Newco 3 board will include two directors nominated by the Company. Those two initial directors are expected to be Louis du Preez and Theodore de Klerk.

    *Group structure*
    Pursuant to the SEAG and SFHG CVA proposals, Newcos 1, 2A, 2B, 3, 4, 5, 6A, 6, 7, 8 and 9 (each as defined in the SEAG CVA and SFHG CVA) were incorporated on or around 14 December 2018.* *Lux Finco 1 and Lux Finco 2 (each as defined in the SEAG CVA and SFHG CVA) are expected to be incorporated shortly.

    *Financial statements and forensic investigation*
    As set out in the Company's announcement of 6 December 2018:

    The forensic investigation being undertaken by PwC is now expected to be complete by the end of February 2019. Subject to any necessary legal input on disclosure, the Company anticipates providing the market with an overview of PwC's findings after it has had time to review the full final report.

    The Company now estimates that it will publish its Group audited financial statements for 2017 and 2018 by the middle of April 2019. The 2017 and 2018 financial statements for Steinhoff Investment Holdings Ltd will be released shortly thereafter.

    Please refer to the market announcement for further information.

    *Current management priorities*
    The key priorities for the management team currently include:

    Implementing the Restructuring as set out in the SEAG CVA and SFHG CVA, including 'onboarding' the new management boards that are being put in place as part of the post-restructuring governance structure;

    Maintaining stability across the Group and managing the ongoing operations of the Group, including actively monitoring cash flows, supporting operating performance, managing other liabilities and funding needs that arise at the operating company level;

    Finalising the 2017 and 2018 Annual Financial Statements;

    Assisting PwC with the ongoing investigation into accounting irregularities together with other work required to progress and finalize the restatement of accounts;

    Monitoring and defending any litigation claims brought against the Group and identifying and pursuing recoveries where available; and

    Engaging with the wider stakeholder group and regulators.

    Shareholders and other investors in the Company are advised to exercise caution when dealing in the securities of the Group.

    Stellenbosch, 21 December 2018

     

     
    --------------------

    21.12.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.dgap.de --------------------

    Language: English
    Company: Steinhoff International Holdings N.V.
    Herengracht 466
    1017 CA Amsterdam
    Netherlands
    Phone: +27218080700
    Fax: +27218080800
    E-mail: investors@steinhoffinternational.com
    Internet: www.steinhoffinternational.com
    ISIN: NL0011375019
    WKN: A14XB9
    Indices: SDAX
    Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
     
    End of News DGAP News Service Reported by EQS Group 19 minutes ago.

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    Haydale Graphene Industries PLC (LON:HAYD) sees significant growth opportunities from its reorganisation of the business to create two core divisions under one global team. The company’s US, UK and Europe, and Far East regions have been brought together as one team under the newly created position of chief operating officer with Keith Broadbent in the role.   The move is designed to facilitate improved cross-selling and accountability across the group. Haydale Graphene has already started to see the benefits of this change with commercial activities on its SiC products – used to toughen coatings and increase their wear resistance – now in progress in the UK and graphene initiatives being targeted with major players in the US. As part of the restructuring announced last year, the group has decided to focus on two business units – one for resins, polymers and composites, and the other for advanced materials, including SiC and inks. The creation of two divisions led to growth in all areas of the global business in the 2018 financial year with total turnover rising to £4.2mln from £3.9mln last year and commercial sales up 13%. Losses for the year were £6.1mln (£5.3mln). Haydale Graphene looks to 2019 with 'cautious optimism' Interim executive chairman David Banks said the group’s overall progress was “solid” but sales were expected to be higher due to delays to product shipments and longer than anticipated lead times on some contracts. Banks believes the company has made the necessary changes to address the issues that dragged on sales in 2018 and has entered the new fiscal year with “cautious optimism”. "There are significant growth opportunities with our new and adapted approach of using our global footprint as one team, with cross-selling and cross research and development focus combined with a re-orientation to organic growth and cost monitoring," he said.  "Business development surrounding the major advances we have seen in our core skills on inks, functionalisation and dispersion of graphene, in conjunction with the new market segment for SiC, sets Haydale up for the next phase of evolution and scale up." Recent deals put firm in good stead for the year  Haydale Graphene will be kept busy in 2019 after securing a raft of new deals. It was recently chosen to help develop a high performance kit for British athletes training for the 2020 Olympic Games. The English Institute of Sport will use Haydale and its long-term partner the Welsh Centre for Printing and Coating at Swansea University to incorporate graphene coatings into a range of clothing for elite performers. The company has also secured a SiC contract extension with an existing cutting tool customer, which it said provides more sales visibility for the US business. In the UK, Haydale Graphene is a core tier one partner to the new £60mln Graphene Engineering Innovation Centre (GEIC) at the University of Manchester, where the group will install and showcase one of its HT60 plasma reactors. The facility is due to open in December. Elsewhere, the firm is eyeing big opportunities in the drone market after supplying enhanced prepreg material for the world’s first graphene skinned aircraft. £1mln cash injection and new CEO In December, Haydale raised £1mln in additional finance through a £750,000 loan and £250,000 share subscription. The loan is a 16-month facility from the Development Bank of Wales and carries a coupon of 11% while an unnamed investor put in £250,000 through a share issue at 20p. Haydale has also appointed Laura Redman-Thomas as its new chief financial officer. Redman-Thomas previously worked at Stadium Group and De la Rue. The material was applied to Juno, a three-metre wide graphene-enhanced composite skinned aircraft, that was revealed as part of the Futures Day at the Farnborough Air Show 2018. Reported by Proactive Investors 22 minutes ago.

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    BERLIN, Dec. 21, 2018 (GLOBE NEWSWIRE) -- Global mobility solution provider Bombardier Transportation announced today that it signed a contract for rolling stock with an undisclosed customer in Europe. The order is valued at approximately 437 million euro ($500 million US).*About Bombardier Transportation
    *Bombardier Transportation is a global mobility solution provider leading the way with the rail industry’s broadest portfolio. It covers the full spectrum of solutions, ranging from trains to sub-systems and signalling to complete turnkey transport systems, e-mobility technology and data-driven maintenance services. Combining technology and performance with empathy, Bombardier Transportation continuously breaks new ground in sustainable mobility by providing integrated solutions that create substantial benefits for operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 39,850 people and its products and services operate in over 60 countries.

    *About Bombardier
    *With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

    Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion US. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

    *Notes to editors
    *For news, related material and photos, visit our newsroom at www.rail.bombardier.com/en/newsroom.html. Please subscribe to our RSS Feed to receive press releases or follow Bombardier Transportation on Twitter @BombardierRail.Bombardier is a trademark of Bombardier Inc. or its subsidiaries.*For information*

    *Global media relations
    *+49 30 98607 1687*
    *press@rail.bombardier.com

    You can also contact one of our worldwide contacts for specific press inquiries. Reported by GlobeNewswire 57 minutes ago.

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    Goldman Sachs just dropped its annual Christmas crossword — see how many clues you can get **

    · *Goldman Sachs just released its annual Christmas crossword.*
    · *The investment bank takes a lighthearted approach to recapping the year with the quiz.*
    · *Try it for yourself below.*

    It's Christmas, which means now is the time to indulge in a few classic holiday traditions: carol singing, drinking egg nog, and of course, doing Goldman Sachs' annual end of year crossword.

    Each year the investment bank takes a look back on the year through the form of a crossword, testing how much clients can remember of the last 12 months in finance.

    The answers are all based on previous "Top of Mind" notes from the investment bank, which set out investment themes and analyze macroeconomic events.

    2018 has been a crazy year for both markets and the world as a whole, so the crossword is a big one, totalling 30 clues. If you think you're up to the challenge, take a look below:

    *Ready for the answers? Keep scrolling past Santa to see them below (no cheating!):*

     

     

     

     

     

     

     

     

     

     

    *Here are the answers: *

    *SEE ALSO: While China and the US spar over trade, Europe quietly heads for its worst year since the financial crisis*

    Join the conversation about this story »

    NOW WATCH: The equity chief at $6.3 trillion BlackRock weighs in on the trade war, a possible recession, and offers her best investing advice for a tricky 2019 landscape Reported by Business Insider 46 minutes ago.

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    Dublin, Dec. 21, 2018 (GLOBE NEWSWIRE) -- The "Ion Exchange Resin Market - Forecasts From 2018 to 2023" report has been added to *ResearchAndMarkets.com's* offering.

    The ion exchange resins market is projected to grow at a CAGR of 3.31% to reach US$1,163.447 million by 2023, from US$956.846 million in 2017.

    Growing population and rapid urbanization across the globe is leading to have more food and water resources that are safe for consumption. This in turn is driving the demand for ion exchange resin as they are widely used in Industrial water treatment so as to remove dissolved ionic contaminants from water.

    Increased use of these resins in industries such as power generation, semiconductors, food and beverages, and pharmaceuticals is driving the ion exchange market growth. The market is expected to grow at a steady pace owing to the stringent regulations related to safe drinking water across the globe.

    Major industry players profiled as part of the report are DuPont and Dow, LANXESS, Thermax Global, Purolite, Mitsubishi Chemical Corporation, Evoqua Water Technologies GmbH, and ResinTech Inc.

    *Key Topics Covered*

    1. INTRODUCTION

    2. RESEARCH METHODOLOGY

    3. EXECUTIVE SUMMARY

    4. MARKET DYNAMICS

    5. ION EXCHANGE RESINS MARKET BY TYPE
    5.1. Cation exchange resins
    5.2. Anio exchange resins
    5.3. Chelating resins

    6. ION EXCHANGE RESINS MARKET BY END-USER INDUSTRY
    6.1. Industrial Water Treatment
    6.2. Food & Beverages
    6.3. Oil & Gas
    6.4. Energy & Power
    6.5. Chemical
    6.6. Others

    7. ION EXCHANGE RESINS MARKET BY GEOGRAPHY
    7.1. North America
    7.2. South America
    7.3. Europe
    7.4. Middle East and Africa
    7.5. Asia Pacific

    8. COMPETITIVE INTELLIGENCE
    8.1. Market Share Analysis
    8.2. Recent Investment and Deals
    8.3. Strategies of Key Players

    9. COMPANY PROFILES
    9.1. DuPont and Dow
    9.2. LANXESS
    9.3. Thermax Global
    9.4. Purolite
    9.5. Mitsubishi Chemical Corporation
    9.6. Evoqua Water Technologies GmbH
    9.7. ResinTech Inc.

    For more information about this report visit https://www.researchandmarkets.com/research/lgxfph/the_global_market?w=12

    Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

    CONTACT:
    CONTACT: ResearchAndMarkets.com
    Laura Wood, Senior Press Manager
    press@researchandmarkets.com
    For E.S.T Office Hours Call 1-917-300-0470
    For U.S./CAN Toll Free Call 1-800-526-8630
    For GMT Office Hours Call +353-1-416-8900
    Related Topics: Plastic Resins Reported by GlobeNewswire 47 minutes ago.

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  • 12/21/18--03:36: Dividend Declaration
  • *For Immediate Release:                                                                                 **21 December 2018*

    *WisdomTree Issuer PLC*
    *Re: Dividend Payment*

    The Directors of *WisdomTree Issuer PLC* (the “Fund”) wish to announce the following dividend(s) paid by the Fund for the quarter to December 2018.

    Announcement Date:         21-Dec-2018
    Ex-Date:                                03- Jan-2019
    Record Date:                        04- Jan -2019
    Payment Date:                     15-Jan-2018

    *Sub-Fund/Share Class* *ISIN* *Currency* *Amount per Share*
    WisdomTree Emerging Markets Equity Income UCITS ETF IE00BQQ3Q067 USD 0.459
    WisdomTree Emerging Markets Small Cap Dividend UCITS ETF IE00BQZJBM26 USD 0.328
    WisdomTree US Equity Income UCITS ETF IE00BQZJBQ63 USD 0.1369
    WisdomTree US Small Cap Dividend UCITS ETF IE00BQZJBT94 USD 0.1595
    WisdomTree Europe Equity Income UCITS ETF IE00BQZJBX31 EUR 0.1864
    WisdomTree Europe Small Cap Dividend UCITS ETF IE00BQZJC527 EUR 0.1794
    WisdomTree Emerging Asia Equity Income UCITS ETF IE00BYPGT035 USD 0.2998
    WisdomTree ISEQ 20 UCITS ETF IE00BVFB1H83 EUR 0.1594
    WisdomTree Germany Equity UCITS ETF - GBP Hedged IE00BVXBGY20 GBP 0.0096
    WisdomTree Germany Equity UCITS ETF - USD Hedged IE00BYQCZ682 USD 0.0044**
    WisdomTree Japan Equity UCITS ETF - USD Hedged IE00BVXC4854 USD 0.1536
    WisdomTree Japan Equity UCITS ETF - GBP Hedged IE00BYQCZF74 GBP 0.1075**
    WisdomTree Europe Equity UCITS ETF - USD Hedged IE00BVXBH163 USD 0.0442
    WisdomTree Europe Equity UCITS ETF - GBP Hedged IE00BYQCZQ89 GBP 0.0429**
    WisdomTree UK Equity Income UCITS ETF IE00BYPGTJ26 GBP 0.1588
    WisdomTree Enhanced Commodity UCITS ETF - USD IE00BZ1GHD37 USD 0.1623
    WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR IE00BZ56SY76 EUR 0.0346
    WisdomTree US Quality Dividend Growth UCITS ETF - USD IE00BZ56RD98 USD 0.0964
    WisdomTree Global Quality Dividend Growth UCITS ETF - USD IE00BZ56RN96 USD 0.1785
    WisdomTree India Quality UCITS ETF - USD IE00BDGSNK96 USD 0.0776
    WisdomTree AT1 CoCo Bond UCITS ETF - USD IE00BZ0XVF52 USD 2.8622
    WisdomTree AT1 CoCo Bond UCITS ETF - USD Hedged IE00BFNNN012 USD 1.8016
    WisdomTree AT1 CoCo Bond UCITS ETF - EUR Hedged IE00BFNNN236 EUR 1.81**
    WisdomTree AT1 CoCo Bond UCITS ETF - GBP Hedged IE00BFNNN459 GBP 1.8383**
    WisdomTree EUR Aggregate Bond Enhanced Yield UCITS ETF - EUR IE00BD49R912 EUR 0.2764
    WisdomTree EUR Government Bond Enhanced Yield UCITS ETF - EUR IE00BD49RJ15 EUR 0.2096
    WisdomTree Japan SmallCap Dividend UCITS ETF - USD IE00BFXYK923 USD 0.2551
    WisdomTree US Multifactor UCITS ETF - USD IE00BD8ZCY59 USD 0.2032
    ** Amount has been converted to share class currency using the WMR 4pm rate on 20 December.    
           

    *Enquiries to:*

    *State Street Fund Services (Ireland) Limited              Ciaran Fitzpatrick                             +353 1776 6089*

    *Davy                                                                                      Niamh Dowling                                   +353 1614 8933* Reported by GlobeNewswire 47 minutes ago.

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    According to the report, the global C4ISR market accounted for USD 99.1 billion in 2017 and is expected to reach USD 127.2 billion globally by 2024, at a CAGR of around 3.6% between 2018 and 2024.

    New York, NY, Dec. 21, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled *“C4ISR Market by Platform (Land, Air, Sea, and Space), by Application (Command & Control, Computers, Communication, Intelligence, Surveillance & Reconnaissance, and Electronic Warfare), and by End-Use (Defense and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024”*. According to the report, the global C4ISR market accounted for USD 99.1 billion in 2017 and is expected to reach USD 127.2 billion globally by 2024, at a CAGR of around 3.6% between 2018 and 2024.

    C4ISR systems provide data capture, assessment, manipulation, and distribution in a protected network-centric environment. These systems are preliminarily used in the defense sector and government agencies. All these systems collectively provide warfighters and generals with information that help them in making critical decisions. C4ISR is used for raising situational awareness. All components of C4ISR systems need to operate together for its proper functioning.

    *Browse through 74 Tables & 28 Figures spread over 137 Pages and in-depth TOC on “Global C4ISR Market Size & Trends 2017 Analysis: Industry Share, Growth, Segments and Forecast 2017 – 2022”.*

    *Request Free Sample Report of Global C4ISR Market Report @ *https://www.zionmarketresearch.com/sample/c4isr-market

    The increasing demand for surveillance systems is likely to fuel the rise of the C4ISR market in the forthcoming years. C4ISR consists of surveillance systems that are used for security purposes. In 2017, the global security equipment in city surveillance surpassed USD 3 billion. It is projected that from 2016 to 2021, the global market for city surveillance will grow at a rate of 14.6% annually. Furthermore, the introduction of smart cities is projected to fuel the C4ISR market in the future, owing to the utilization of surveillance systems.

    The rising demand for communication systems will fuel the C4ISR market growth over the forecast timeframe. Due to the increasing adoption of unmanned vehicles, such as drones for various defense applications, communication systems have become an integral part of security systems. Communication systems for the defense sector have to provide secure and rapid transmission of data. C4ISR systems provide various benefits, such as capture, transmission, reception, and distribution of information. Furthermore, the growing investments related to defense technology are projected to further boost the C4ISR market. Developing economies, such as India and China, are investing in defense technology. The Indian army’s expenditure regarding ISR systems is projected to surpass USD 6 billion by 2020, which, in turn, is expected to further propel this market in the future.

    *Download Free Report PDF Brochure: *https://www.zionmarketresearch.com/requestbrochure/c4isr-market

    The C4ISR market is segmented into platform, application, application, and end-use. By platform, the C4ISR market is fragmented into land, air, sea, and space. Command and control, computers, communication, intelligence, surveillance and reconnaissance, and electronic warfare form the application segment of this market. The surveillance and reconnaissance segment is likely to witness considerable growth in the C4ISR market over the estimated time period, due to the rising demand for unmanned surveillance vehicles. Defense and commercial comprise this market’s end-use segment. The defense segment is further segmented into military and government agencies. Government agencies are anticipated to grow significantly over the forecast period, owing to the increasing government investments made in adopting these control systems.

    North America is anticipated to hold a substantial share of the global C4ISR market. The U.S. is the most attractive country in this regional market, due to the rising demand for surveillance applications. C4ISR consists of surveillance systems for security applications. The U.S. government is focusing on expanding its space surveillance. The U.S. is also partnering with Australia to establish space surveillance radar and relocate the optical space surveillance telescope in Western Australia. This, in turn, is likely to fuel the C4ISR market in the upcoming years.

    *Inquire more about this report before purchase @ *https://www.zionmarketresearch.com/inquiry/c4isr-market

    The European C4ISR market is driven by the growth of the aerospace sector. C4ISR systems are used for communication in airplanes. In 2017, the commercial aerospace sector grew by 3.7% owing to the increased aircraft deliveries. In 2016, the European aerospace and defense industry generated a turnover that was about 11% more than that of 2015. UK, France, Germany, and Italy were the major contributors. Furthermore, in 2017, the UK aerospace sector generated about USD 40.6 billion in revenue, which was more than 40% over the past five years. This, in turn, led to an increase in the demand for C4ISR systems in the European region.

    Asia Pacific region is likely to grow considerably over the estimated timeframe in this global market. Developing economies, such as China and India, have huge growth potential in the region’s C4ISR market, owing to the growing demand for commercial drones. In 2016, about 390,000 camera drones were shipped to China and this figure is projected to reach 3 million units by 2019. This growth in number can be attributed to the shifting focus of various drone manufacturers to the Chinese commercial sector. Retailers and other sectors are focusing on using drones for providing services and surveillance purposes. Thus, it is expected that the Asia Pacific C4ISR market is anticipated to show good growth in the future.

    The Middle East and African region is likely to witness a substantial rise in the C4ISR market over the estimated timeframe, due to the increasing adoption of technology in the defense sector. UAE is anticipated to be the most lucrative country for the C4ISR market in this region. In 2016, UAE’s defense expenditure was about USD 23.4 billion. It is projected to grow at a rate of 6.5% to USD 31.8 billion by 2021. The country’s procurement includes command and control, intelligence, surveillance, and reconnaissance along with missiles, logistics, etc.

    Browse the full *"C4ISR Market by Platform (Land, Air, Sea, and Space), by Application (Command & Control, Computers, Communication, Intelligence, Surveillance & Reconnaissance, and Electronic Warfare), and by End-Use (Defense and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024" *Report at https://www.zionmarketresearch.com/report/c4isr-market

    The Latin America C4ISR market is projected to show good growth over the forecast time period. Brazil is likely to emerge as the most lucrative market in this region. The C4ISR electronics and IT accounted for 19.2% of Brazil’s defense and security capital expenses. These expenses are anticipated to rise due to constant technological advancements, which, in turn, is likely to drive this region’s C4ISR market in the future.

    Some of the top players of the C4ISR market are Raytheon, Lockheed Martin, Bae Systems, Rockwell Collins, Elbit Systems, General Dynamics, L-3 Technologies, Harris Corporation, Rheinmetall AG, Leonardo S.P.A., Thales Group, and Saab Group among others.

    *Request customized copy of report @ *https://www.zionmarketresearch.com/custom/3662

    *This report segments the global C4ISR market into:*

    *Global C4ISR Market: Platform Analysis*

    · Land
    · Air
    · Sea
    · Space

    *Global C4ISR Market: Application Analysis*

    · Command & Control
    · Computers
    · Communication
    · Intelligence
    · Surveillance & Reconnaissance
    · Electronic Warfare

    *Global C4ISR Market: End-Use Analysis*

    · Defense

    · Government Agencies
    · Military

    · Commercial

    · Critical Infrastructure
    · Commercial Space
    · Industrial

    *Global C4ISR Market: Regional Analysis*

    · North America

    · The U.S.

    · Europe

    · UK
    · France
    · Germany

    · Asia Pacific

    · China
    · Japan
    · India

    · Latin America

    · Brazil

    · The Middle East and Africa

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    *About Us:*

    Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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    * Blog:* http://zmrblog.com Reported by GlobeNewswire 26 minutes ago.

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    Reported by RIA Nov. 28 minutes ago.

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    Vilnius, Lithuania, 2018-12-21 12:43 CET (GLOBE NEWSWIRE) --  

    Data on INVL Asset Management UAB issued investment funds units is presented in the table as of December 20, 2018

           

     

    Fund Unit price, EUR Issued units Redeemed units Total number of issued units
    INVL Emerging Europe ex Russia TOP20 Subfund 29,8912 455,7432 279331,4655
    INVL Russia TOP20 Subfund 28,7849 21,1569 18,7884 254916,1437
    INVL Emerging Europe Bond Subfund 39,2389 929773,7288
    INVL Baltic Fund 35,2317 1103,896491 625,449638 189675,650844

      

             INVL Asset Management UAB
             Tel. (+370) 700 55 959
             www.invl.com Reported by GlobeNewswire 26 minutes ago.

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    10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, SNAP, NKE) Here is what you need to know.

    1. *Trump threatens to veto the spending bill if it doesn't include funding for a wall along the US's southern border. *"The president said he would not sign this bill, so we're going to go back and work on adding border security to this while also keeping the government open," House Speaker Paul Ryan told reporters on Thursday.
    2. *The global stock rout shows continues. *Global markets were hit hard overnight with Japan's Nikkei (-1.1%) leading the losses in Asia and the Euro STOXX 50 (-0.9%) under pressure in Europe. The S&P 500 was set to open up 0.35% near 2,476.
    3. *'The stock market bears are coming out of hibernation.' *A new report from RBC Capital Markets shows big-money investors have grown more downbeat on the stock market than they were in September.
    4. *Hedge funds have a new worry for 2019. *At least three Wall Street hedge funds and asset managers are starting to weigh the possibility of the impeachment of President Donald Trump as a stock-market catalyst in 2019, people familiar with their thinking told Business Insider.
    5. *Goldman Sachs is expecting a big spike in stock-market volatility. *The firm says volatility will spike 50% in 2019, and lays out the perfect strategy to capitalize on the chaos. 
    6. *Nike gets a big boost from digital. *The sneaker giant beat on both the top and bottom lines, and said that its Nike brand saw sales jumped 14% on a neutral-currency basis, driven by digital.
    7. *Snap slides below $5 for the first time.* Shares of the social-media company hit an all-time low of $4.96 apiece Thursday, and are now down more than 70% from their March 2017 initial-public-offering price of $17.
    8. *2018 was a big year for IPOs.* A total of 191 companies went public in the US in 2018, up 19.4% versus a year ago. Here's a list of how the biggest ones performed.  
    9. *Earnings trickle out. *CarMax reports ahead of the opening bell.
    10. *US economic data is heavy. *The third estimate of third-quarter gross domestic product will accompany durable goods orders at 8:30 a.m. ET before personal income and spending, personal consumption expenditures, and University of Michigan consumer confidence cross the wires at 10 a.m. ET. The US 10-year yield was down 2 basis points at 2.79%. 

    Join the conversation about this story »

    NOW WATCH: The equity chief at $6.3 trillion BlackRock weighs in on the trade war, a possible recession, and offers her best investing advice for a tricky 2019 landscape Reported by Business Insider 16 minutes ago.

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    Washington D.C., Dec 21, 2018 / 05:00 am (CNA).- During the early cultural battles over birth control in 1920s America, social thinker Monsignor John A. Ryan brought a unique perspective to the debate: he argued that contraception hurt solidarity and other efforts to ensure a decent living for workers and their families.
     
    “In the late 19th and early 20th century workers were many times exploited by those who employed them. The working class was subjected to poor working conditions, low wages, and long hours. Ryan was their defender,” Prof. Clement A. Mulloy, a history professor at Arkansas State University, told CNA July 24. “Ryan believed workers were entitled to a normal family life which he equated with children, preferably in a large family.”
     
    Ryan thought payment of a “living wage” to workers was a moral obligation of employers. This living wage meant “a decent livelihood” for a worker and his family, not merely subsistence pay. He took this position from papal encyclicals like Leo XIII’s Rerum novarum, which condemned abuses of capitalism and defended the worker.
     
    Critics of this “living wage” approach found inspiration in thinkers like Thomas Malthus, who claimed population growth would tend to outpace the ability for a society to provide support. They would counter that workers had too many children and “if they could just limit the size of their families, then they would have enough money to support themselves.”
     
    “Ryan believed this to be a clever dodge, whereby those who were affluent would point out that the reason why people were poor is they could not restrain themselves,” Mulloy said. “In other words, their poverty was their own fault. Consequently, those who were affluent were relieved of any responsibility to help the poor.”
     
    Ryan was not a socialist. Rather, he backed Franklin D. Roosevelt’s New Deal. His support was so strong that he became known as the “Right Reverend New Dealer.” Born in Minnesota in 1869, the priest was ordained for the Archdiocese of St. Paul-Minneapolis and later became a professor at the Catholic University of America in Washington, D.C. He became a prominent advisor for the U.S. bishops before his death in 1945 at the age of 76.
     
    The priest is not well known for discussing birth control, but he wrote about it in many articles and in his most famous book “A Living Wage.” Mulloy discusses this aspect of Ryan’s thought in his essay “John A. Ryan and the Issue of Family Limitation,” which appeared in the 2013 issue of the Catholic Social Science Review.
     
    “Ryan advocated ‘social justice’ in the sense that he believed government and employers had a duty to improve conditions and not just blame the poor for their plight,” Mulloy said. “Ryan believed there was plenty of wealth to support the population, if it was just distributed properly.”
     
    Birth control advocates in the 1920s particularly wanted birth control practiced by the working class. In their view, the Industrial Revolution had produced uneducated, unskilled and “unfit” workers who were “breeding out of control.”
     
    These attitudes were not purely scientific. Rather, they were accompanied by ethnic and religious animosity.
     
    “The working class tended to be Catholic, while the wealthy tended to be white Anglo-Saxon Protestants and tended to have small families,” Mulloy said. “So there existed a certain fear or animosity.”
     
    “Ryan, again, was the defender of the working class. He referred to the working class as the ‘saving remnant’ of civilization. He stated they were fit, morally fit, because they engaged in the sacrifice and hard work of raising large families.”
     
    For Ryan, widespread use of birth control would have long-term detrimental effects on society, not just individuals. He predicted that birth control would lead to “enervating self-indulgence” across society. Husband and wife would treat each other as instruments of pleasure, and not cooperate with God to produce children. People would limit their families “to selfishly satisfy their material wants” and shirk “in the hard work of raising a family,” Mulloy explained.
     
    “As a result, he predicted that people would lack integrity, a work ethic would deteriorate, people would become less patriotic, and more concerned with making money and not higher pursuits,” said Mulloy.
     
    Population decline would also have harmful effects, in Ryan’s view, including damaging economic effects.
     
    Mulloy reflected on these predictions.
     
    “Our culture, though there has been great progress, has also become immoral and decadent in many ways, so Ryan’s predictions have some validity,” he said. A case can be made that high divorce rates, a rise in children born out of wedlock, and depopulation in places like Europe are in part due to birth control.
     
    “A case could be made that women, despite the gains that have been made socially and economically, are not held in high regard,” he said.
     
    Ryan wrote amid a push for “eugenics,” the reputed application of science to improve the quality of the human population. Birth control advocacy was among the strategies advanced by this movement, alongside marriage restrictions or involuntary sterilization. The last strategy was upheld by the U.S. Supreme Court in 1927 and over 60,000 people were forcibly sterilized out of the belief their ability to have children was a threat to social welfare.
     
    The priest argued that involuntary sterilization was unnecessary and would have harmful effects on society. If “imbeciles,” the then-scientific term for the mentally disabled, would be forcibly sterilized, then other socially marginalized groups, such as Mexicans and African-Americans, would be targeted next.
     
    “In some ways Ryan’s arguments against sterilization are more interesting than other Catholic theologians because Ryan considers the harmful effects to society from involuntary sterilization which the other theologians do not bother with,” Mulloy said.
     
    In the 1920s, Ryan was among a minority of Catholic theologians who did not believe that involuntary sterilization was an evil in itself. It had not been defined as such in Church teaching. When Pope Pius XI’s encyclical Casti connubii condemned the practice as inherently evil in 1930, the priest accepted this teaching.
     
    While Ryan acknowledged and made use of “natural law”-style arguments, Mulloy wrote in his Catholic Social Science Review essay, “Ryan realized this would have little impact on most Americans, since it was a purely intellectual argument with no reference to utility or social welfare.”
     
    Pope Paul VI reaffirmed Catholic teaching on contraception in his 1968 encyclical Humanae vitae, but the hostile reaction from many Catholic and non-Catholic leaders continues to this day.

    This article was originally published July 25, 2018. Reported by CNA 3 minutes ago.

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    Northampton suffered nightmare trip to Romania and need to regroup for huge Worcester clash WILL KELLEHER'S SCRUM'S THE WORD: What on earth is going on in the Premiership? Back it comes after a break for Europe, with just four points separating fifth and 12th. Reported by MailOnline 3 minutes ago.

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    Reported by FT.com 3 hours ago.

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    Manchester United to splash out on defence, West Ham line up Chilean star and Liverpool chase German hot-shot The latest round up of stories from across Europe ahead of the January transfer window Reported by Tiverton Mid Devon Gazette 3 hours ago.

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    This was meant to be the season the Exeter finally cracked Europe and became serious Champions Cup contenders, but a series of European defeats leave a frustrating undertone to the start of their season Reported by Independent 1 hour ago.

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    Briton believed to be one of Europe's biggest drug traffickers jailed for 22 years Robert Dawes, 46, was convicted of arranging an estimated £216 million worth of cocaine to be trafficked into France on an Air France flight from Venezuela to Paris in 2015. Reported by MailOnline 1 hour ago.

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    Transfer News LIVE: Chelsea Hazard swap, Arsenal deal claim, Liverpool contract, Man Utd TRANSFER NEWS LIVE: Updates from Manchester United, Liverpool Chelsea and Arsenal and the biggest deals, gossip and rumours from across Europe. Reported by Daily Star 1 hour ago.

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