SALFORD City Council has approved plans to demolish part of Swinton Shopping Centre and replace it with a new 72,000 sq ft Asda with a 340-space car park underneath.The application was brought forward by GVA, which is acting as asset managers for the new scheme after being appointed as LPA receivers to the centre by lender West Bromwich Building Society.It said the new foodstore would serve as a catalyst for a wider regeneration of Swinton with the creation of a new piazza, public areas and enhanced retail units.Director Layne Merc......for the full story register now for free or login below...
Source: www.thebusinessdesk.com
Wimbledon 2012: Why Novak Djokovic Should Be Considered the Favorite - Bleacherreport.com
***Before reading this article, I strongly encourage that you read this debate***----An as an aside, I am fully anticipating a hotly contested feud over this subject matter as goes with the territory in any debate. With that said, I am willing to discuss any components of this article and subject matter given a healthy and civilized debate environment is maintained***
Following his 2012 French Open final defeat at the hands of Spanish sorcerer Rafael Nadal, the Serbian world No. 1 hopes to rekindle the flame that was lit just one short year ago on the revered Wimbledon lawns.
It must be said that Djokovic undoubtedly has a lot on the line at this year's Wimbledon. Defending crucial points from last year's victory are key for the purpose of maintaining a grip on the top ranking. In supplement, the tides of the 2012 season have been much more variable than in 2011 as if to say Djokovic's unilateral dominance has dissipated.
At certain stages of the 2011 season, defeat appeared to be the unfortunate inevitably for any opponent standing across the net from Djokovic.
Halfway through 2012, Djokovic has already equaled his loss count from 2011. The aura of pure fear and intimidation instilled by Djokovic has seen a steady reduction as the season has progressed.
Belief, a feeling extracted and ultimately deprived from his opponents in 2011, has rejuvenated itself in the minds of the enemy.
Despite all of this, I firmly believe that Djokovic is the surefire favorite to take down Wimbledon. With the recent success of Nadal, I totally understand that there are those that have serious issues with such a seemingly outlandish assertion, but hopefully those worries will be appeased.
As to why Djokovic should be the favorite, lets first look at his dominance over Roger Federer. Its been decades since Federer has taken down Djokovic. Ok, not really, but it has been quite some time since Federer has shaken hands in triumph against Djokovic. Excluding last year's French Open (for the sake of talking about quicker surfaces), the last time Federer beat Djokovic was in 2010 at the World Tour Finals in London.
Since that time, Djokovic has won six out of their seven encounters including four matches on hard courts.
Djokovic has exhibited incredible superiority over arguably the greatest grass court player to have ever stepped on a tennis court. Although the two have never faced each other at Wimbledon or on grass for that matter, Djokovic's success against the Swiss on outdoor hard courts give credence to the idea that this success has a high propensity to extend to grass.
***While I am in full understanding that some may say you can't translate hard courts to grass, I will respond by saying that hard courts are the single best litmus test to gauge potential grass court matchups***
And it would be a bitter injustice to not repeat the fact that Djokovic is the defending champion. He has the most recent memory of glory at Wimbledon. This is a single advantage Djokovic holds over every other player in the draw including Nadal and Federer.
The Serbian knows he has the game to strive above the rest on grass. We saw it in stunning fashion in 2011. It is simply a matter of executing his game plan to the level needed to excel against the field in a best of five set setting.
Now moving on to the most speculative portion of this debate-- the Nadal factor.
Nadal has taken down Djokovic in their last three meetings and for the most part has done so in domineering fashion, having only given up a single set.
But of course, all of these meetings were on Nadal's surface of choice, that being clay. With no intention of taking away the value and significance of these victories for Nadal, the implications they hold for Wimbledon most not be held with great regard.
Djokovic has had far greater success on quicker surfaces against Nadal going back to 2011. Having defeated Nadal in three consecutive major finals on faster surfaces dating back to the 2011 edition of Wimbledon, Djokovic's level of confidence against Nadal should be sky high coming into this year's Wimbledon.
Djokovic's game is amplified on grass. His ability to dictate and serve as the aggressor will be enhanced on a surface that is far faster and calls for a more offensive minded approach than at Roland Garros. His variety, depth, and pace will all allow the Serb to intertwine the appropriate concoctions of defense and offense.
Nadal's baseline grind is inherently mitigated as the impact of his unrelenting topspin and retrieving abilities are severely reduced. The grass courts at Wimbledon yield a lower bounce thus expunging a sizable portion of unpleasant, above shoulder level balls for his opponents, creating more opportunities for his opponents to attack. The speed of Nadal will always serve as a villainous entity to his opponents but the quicker surface will force Nadal to rely less on making his opponents play one more shot and rely more on his aptitude to coerce aggression throughout the points.
Djokovic may very well be playing the role Federer took part in from 2005-2007. Losing in three consecutive French Opens to Nadal, Federer stormed back at Wimbledon to capture three of his six Wimbledon crowns.
Author Jodi Picoult once stated, “A very wise man once told me that you can't look back-you just have to put the past behind you, and find something better in your future."
Novak Djokovic would be smart to follow this beautiful advice. He must do as Federer did in those three years and displace the painful memory of Roland Garros from his mindset and circumvent all of his negative energy into unwavering hunger.
The scene has been set. The opportunity awaits. Will he seize?
Only time will tell.
Source: bleacherreport.com
Delay hitch hits £7m Bacup supermarket (From The Bolton News) - The Bolton News
Delay hitch hits £7m Bacup supermarket
3:14pm Monday 18th June 2012
WORK on Bacup’s new £7million Morrisons supermarket will not begin until September — four months behind schedule.
Architects at Race Cottam Associates, working on the store on behalf of Morrisons, said that Rossendale Council has still not vacated the site and therefore demolition work had been delayed.
But leader Alyson Barnes said they were not to blame.
She said that a hold-up in the transaction of the land was the reason for the postponement of work that was due to begin in May.
The council currently has a waste unit at nearby Henrietta Street and has been waiting for cash to be released to build a new depot.
She said: “In a situation like this the complexity of several ownerships means site acquisition is a difficult process.
That completion of that deal is imminent and the council is certainly not to blame for this.” Paul Nolan from Nolan Redshaw Chartered Surveyors said all demolition work needed to be done in one go.
He said: “We are chomping at the bit to start work but we had hoped it would be a bit sooner than September.
“This demolition can’t be done in stages.
“We’ve made the commitment and were hoping to start something in July or August.”
Stuart Sugarman, an executive director at Rossendale council said there were ‘justifiable reasons for the delay but not on the council’s part’. It is thought that the 2,020 sq metre store, which is due to open on the site of the former Horace’s nightclub in January next year, will create around 110 jobs.
The development in Lee Street has been touted since 2006 and permission was finally granted in March this year.
The deal originally hit a stumbling block when it was revealed the Co-op held a protective covenant stopping another major retailer from using the land off Lee Street and Gas Street.
Council chiefs were forced to step in and use their compulsory purchase powers to buy the land, remove the covenant and sell it on to Morrisons.
Source: www.theboltonnews.co.uk
Delay hitch hits £7m Bacup supermarket - The Bolton News
Delay hitch hits £7m Bacup supermarket
3:14pm Monday 18th June 2012 in North West
WORK on Bacup’s new £7million Morrisons supermarket will not begin until September — four months behind schedule.
Architects at Race Cottam Associates, working on the store on behalf of Morrisons, said that Rossendale Council has still not vacated the site and therefore demolition work had been delayed.
But leader Alyson Barnes said they were not to blame.
She said that a hold-up in the transaction of the land was the reason for the postponement of work that was due to begin in May.
The council currently has a waste unit at nearby Henrietta Street and has been waiting for cash to be released to build a new depot.
She said: “In a situation like this the complexity of several ownerships means site acquisition is a difficult process.
That completion of that deal is imminent and the council is certainly not to blame for this.” Paul Nolan from Nolan Redshaw Chartered Surveyors said all demolition work needed to be done in one go.
He said: “We are chomping at the bit to start work but we had hoped it would be a bit sooner than September.
“This demolition can’t be done in stages.
“We’ve made the commitment and were hoping to start something in July or August.”
Stuart Sugarman, an executive director at Rossendale council said there were ‘justifiable reasons for the delay but not on the council’s part’. It is thought that the 2,020 sq metre store, which is due to open on the site of the former Horace’s nightclub in January next year, will create around 110 jobs.
The development in Lee Street has been touted since 2006 and permission was finally granted in March this year.
The deal originally hit a stumbling block when it was revealed the Co-op held a protective covenant stopping another major retailer from using the land off Lee Street and Gas Street.
Council chiefs were forced to step in and use their compulsory purchase powers to buy the land, remove the covenant and sell it on to Morrisons.
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Source: www.theboltonnews.co.uk
Wimbledon - Eaton sole Brit to progress in qualifying - Yahoo! Eurosport
Chris Eaton moved into the second round of qualifying for Wimbledon on an otherwise poor day for British hopes in the men’s draw.
The world number 523, who reached the second round at the All England Club in 2008, beat Australia’s world number 236 Benjamin Mitchell 7-6(4) 4-6 6-3 in Roehampton.
His compatriots fared far worse though as Liam Broady, the beaten Wimbledon Juniors finalist in 2010, lost 7-6(5) 6-4 to Italy’s Thomas Fabbiano, having been serving for the first set.
Andrew Fitzpatrick lost 6-3 6-4 to another Italian, Marco Chiudinelli, George Morgan was beaten 6-0 6-4 by Spain’s Inigo Cervantes, and Edward Corrie went out after a 6-4 6-3 defeat to France’s Stephane Robert.
World number four Andy Murray will be joined in the first round proper at Wimbledon by wildcards James Ward, Jamie Baker, Josh Goodall and Oliver Golding.
Source: uk.eurosport.yahoo.com
Asda looked at £1bn N Brown takeover deal - Daily Telegraph
Another source said the company is not "for sale" and Lord Allliance and Mr Alliance are not sellers of their respective stakes, which combined together speak for almost 40pc of the company.
Still, traders argued some of the UK-based retail giants, such as Tesco, up 2¾ to 303¾p, and J Sainsbury, which rose 2.3 to 288p, might be interested in N Brown.
N Brown, which declined to comment, fell 4.2 to 245p as the wider mid-cap index came under pressure. The FTSE 250 index closed down 8.21 points at 10721.44 but the FTSE 100 finished up 12.28 points at 5491.09.
Mislav Matejka, a strategist at JP Morgan, said: "The worst case scenario was avoided in Greece with New Democracy in position to form a fragile government. [But] this is not a game changer in our view as the government might not last long."
He added: "We think the current short squeeze will end within a few days. The primary driver of the bounce we called for four weeks ago was policy speculation."
Investors refrained from cutting risk as the Greek election outcome was increasingly seen as a win-win, the strategist suggested, and most await the next Federal Reserve meeting. He said: "However, soon the policy catalysts will largely be behind us. Markets are then likely to refocus on macro [economics], which remain poor. We think a sustained rebound is unlikely until the activity momentum stabilises."
Burberry put on 38p to £13.46 thanks to upbeat comment from Deutsche Bank on luxury retail. Analysts at the broker said: "The luxury sector has never had it so good. Although there are some signs of a slowdown in growth, absolute levels of profitability are at all time highs for most brands, and sector return on capital employed has expanded by 11pp (percentage points) since 2001."
Elsewhere, builders' merchant Wolseley fared well following a bullish note from Citigroup. Clyde Lewis, an analyst, said: "Having a bit more confidence about the margin potential, market share gain opportunities and benefit of balance sheet options, we think the stock could get to £50.00 by 2015 with some help from market conditions." The shares perked up 57p to £22.33.
Rolls Royce made it onto the leaderboard after it signed a contract worth more than £1bn with Britain's defence ministry to deliver reactor cores for the UK's nuclear-powered submarine fleet. The shares rose 17½ to 839½p.
Mining groups had a mixed day. BHP Billiton climbed 29p to £18.29 but Xstrata fell 31.8 to 859.2p as Citigroup predicted that a slowdown in China is likely to continue to weigh on copper prices. David Wilson, an analyst, said: "A sustained rally in the copper prices is only likely when more targeted Chinese consumer market stimulus is introduced and or further US quantitative easing is seen." Mr Wilson added: "We believe the Federal Reserve will continue to keep its powder dry, and expect the copper price to trade mostly sideways to lower over the next month." Glencore International, which is trying to merge with Xstrata, was another poor performer, sliding 12 to 328.4p.
"Buy" advice from UBS failed to lift Anglo American. The broker said it is attracted by the growth pipeline, late cycle diversified commodity mix, and further potential savings. Still Anglo American fell 1½p to £21.28.
Banks were on the backfoot amid renewed concerns about the eurozone debt crisis and the potential impact on London-listed lenders. Barclays, which has the most exposure to southern European countries, shed 4¾ to 196p. Royal Bank of Scotland took the wooden spoon, dipping 12.3 to 235.3p. Lloyds Banking Group also gave up 1.1 to 30.1p despite positive comments from UBS strategists. Nick Nelson said: "Lloyds' first results demonstrate that the new management team appears to be fixing the bank at an accelerated pace and, while this is negative for near-term earnings, it also does bring forward the point at which Lloyds should be able to deliver meaningful returns to its shareholders through dividends, share price appreciation and capital return."
Among the smaller companies, Halma perked up 4.9 to 380.7p after Credit Suisse upgraded the stock to "outperform", arguing it is a good defensive investment in the UK capital goods sector. The broker also took up coverage of Renishaw, down 2p to £14.16, with a "neutral" rating and reiterated its "outperform" on Rotork, up 8p to £18.98.
Panmure Gordon gave Ashtead a push ahead of full-year results due on Thursday. "We anticipate a positive message with full-year results on Thursday, and believe Ashtead continues to make material progress despite a macro environment which (generally) remains unhelpful at best," said Paul Jones, an analyst at Panmure Gordon. Ashtead gained 0.9 to 233.3p.
Cove Energy perked up 2 to 266p amid talk Royal Dutch Shell, up 2½p to £21.20, is about to table a knockout 300p counter-bid for the East Africa oil explorer.
Stobart Group shares fell 3.8 to 117.5p after the transport group agreed a £12.4m deal to buy vehicle haulage firm Autologic Holdings, which rose 0.38 to 19¼p.
Source: www.telegraph.co.uk
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