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Short-term gain, long-term pain: 2 FTSE 100 stocks I think could damage your wealth

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Short-term gain, long-term pain: 2 FTSE 100 stocks I think could damage your wealth Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Tesco. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Royston Wild | Sunday, 14th June, 2020 | More on: KGF TSCO 5 Stocks For Trying To Build Wealth After 50 Enter Your Email Address Image source: Getty Images. DIY giant Kingfisher (LSE: KGF) has been one of the FTSE 100’s success stories following spring’s stock market crash. The blue chip’s share price has exploded 60% from the troughs struck in the middle of March. By comparison, the broader index has edged 15% over the same period.It’s not a mystery as to why Kingfisher has boomed. While much of the broader UK retail sector has struggled, sellers of home improvement and garden products have exploded. With lockdown measures now being rolled back, though, I fear that the Footsie firm will start to feel the heat again.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The swift deterioration in economic conditions mean that demand for its goods from both individuals and trades is likely to come under pressure. A possibly protracted decline in the UK housing market threatens to put its revenues on the back foot again. The outlook is even worse in France than it is on these shores, too; sales there have continued to tank in the first half of 2020.Kingfisher’s share price has risen more recently, sure. But the 45% decline posted over the past five years illustrates its earnings prospects more accurately, in my opinion. This is a FTSE 100 stock I think should be avoided.One more FTSE 100 trap?Tesco (LSE: TSCO) is another Footsie firm whose share price bounced from the lows hit following the stock market crash. Investors ploughed into Britain’s biggest supermarket as a bet on its exceptional defensive qualities. Whatever economic and social upheaval we face as a society, we all still need to eat, right?A slew of industry data boosted dip buyers’ appetites, too. Kantar Worldpanel data, for instance showed UK grocery sales rocket 14.3% during the 12 weeks to 17 May. This was the biggest jump since records began a quarter of a century ago. And Tesco led the so-called Big Four operators with a 12.5% increase.Too riskyOn paper buying into food retailers is a great idea. But in practice buying Tesco shares is a dangerous idea. The groceries goliath may have outperformed cut-price operators Aldi and Lidl in the aforementioned 12-week period. This reflects in large part the FTSE 100 firm’s extensive online operations, demand for which naturally rocketed as the UK entered lockdown.However, with lockdown restrictions being eased and citizens getting out and about again, Tesco again faces loses swathes of its customers to the German discounters. In fact, with the UK facing the sort of economic meltdown not seen for three centuries (not my own view, but that of the Bank of England), it’s likely that it will continue losing market share to its cheaper rivals. The fact that Aldi is dipping its toe into the online grocery sector should come as further alarm, too.Now Tesco’s shares aren’t expensive. At current prices around 225p per share they trade on a forward price-to-earnings ratio of 15 times. They’re not cheap enough to tempt me in, though. This is a share whose long-term outlook remains cloudier today than ever.center_img Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares Click here to claim your free copy of this special investing report now! See all posts by Royston Wildlast_img read more

RWB writes to mayor after journalist dragged from council meeting

first_img“The violent eviction of a journalist from a public meeting is a procedure that is totally unworthy of a municipal council,” Reporters Without Borders programme director Lucie Morillon said.“It is not up to a city hall to decided when journalists may or may not cover the events it organizes. Indeed, it is the city hall’s duty to ensure that the public’s right to information is respected at all times.”Reporters Without Borders also urges the mayor to publicly express her commitment to freedom of information on behalf of herself and the municipal council. News RSF denounces Total’s retaliation against Le Monde for Myanmar story FranceEurope – Central Asia Help by sharing this information Organisation June 4, 2021 Find out more to go further RSF_en Networkvisio reporter Michel Lecomte was forcibly evicted from a municipal council meeting in Montauban, the capital of the southern department of Tarn-et-Garonne, and then from the city hall, after being told not to film the debates on 25 November. Two other journalists were prevented from filming his eviction. News Receive email alertscenter_img Follow the news on France Use the Digital Services Act to make democracy prevail over platform interests, RSF tells EU November 28, 2014 – Updated on January 20, 2016 RWB writes to mayor after journalist dragged from council meeting News News Lecomte complied when previously asked to leave the meeting as he was about to film the tense discussions, but obtained permission to return on the understanding that he would not film the debates. However, when he tried to use his mobile phone to photograph two security guards, four municipal police officers dragged him from the room.Describing the scene the next day, the newspaper La Dépêche du Midi wrote: “Four policemen grabbed him by the waist, dragged him along the ground and expelled him by force.” Valérie Rabault, a Socialist Party parliamentarian for a Tarn-et-Garonne district, objected to his eviction.An extremely shaken Lecomte told Reporters Without Borders he went to hospital and was ordered to rest for eight days. “I’ve never been subjected to this level of violence, not even while covering such problematic events as the Notre-Dame des Landes and Sivens Dam protests,” he said.Networkvisio has filed a complaint.When two journalists who were present, Johan Gesrel of Totem and Pierre Bascugnana of La Dépêche du Midi, began filming Lecomte’s expulsion, they were themselves accosted by the city hall administrator and ordering to stop filming. The administrator later apologized to Bascugnana for manhandling him, saying it was a mistake.Reporters Without Borders condemns these violations of freedom of information in the strongest possible terms and has written to Montauban mayor Brigitte Barèges calling on her to publicly condemn the violence with which these three journalists were treated. June 2, 2021 Find out more “We’ll hold Ilham Aliyev personally responsible if anything happens to this blogger in France” RSF says FranceEurope – Central Asia May 10, 2021 Find out morelast_img read more

Writ Petition Cannot Be Entertained Ignoring Statutory Dispensation: Himachal Pradesh High Court

first_imgNews UpdatesWrit Petition Cannot Be Entertained Ignoring Statutory Dispensation: Himachal Pradesh High Court LIVELAW NEWS NETWORK2 Jan 2021 6:33 AMShare This – xThe Himachal Pradesh High Court has observed that a writ petition should not be entertained ignoring the statutory dispensation.In this case, M/s Radha Krishan Industries had approached the High Court by filing a writ petition challenging an order passed by GST Authorities provisionally attaching the payment receivable by it from a consumer. While conceding that there is alternative…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Himachal Pradesh High Court has observed that a writ petition should not be entertained ignoring the statutory dispensation.In this case, M/s Radha Krishan Industries had approached the High Court by filing a writ petition challenging an order passed by GST Authorities provisionally attaching the payment receivable by it from a consumer. While conceding that there is alternative remedy available by way of appeal under section 107 of the GST Act, the petitioner contended that contend that the rule of exclusion of jurisdiction due to availability of alternative remedy is a rule of discretion and not one of the compulsions.Answering this contention, the bench comprising Justices Tarlok Singh Chauhan and Jyotsna Rewal Dua referred to a recent Supreme Court judgment in Assistant Commissioner (CT) LTU, Kakinada and others vs Glaxo Smit Kline Consumer Health Care Limited, AIR 2020 SC 2819 in which it was held that even though the High Court can entertain writ petition against any order or direction passed or action taken by State under Article 226 of the Constitution of India, but it has not to do so as a matter of course when aggrieved person could have availed the effective alternative remedy in the manner prescribed by law. While dismissing the writ petition, the court observed:”Where the statutory authority has not acted in accordance with the provisions of the Act or in defiance the fundamental principles of judicial procedure or has resorted to invoke the provisions, which are repealed or where an order has been passed in total violation of the principle of natural justice, but the High Court will not entertain a petition under Article 226 of the Constitution of India, if efficacious remedy is available to the aggrieved person or where the statute under which the action complained of has been taken in mechanism for redressal of grievance still holds the field. Meaning thereby, that when a statutory form is created by law for redressal of grievance, a writ petition should not be entertained ignoring the statutory dispensation. “Case: M/s Radha Krishan Industries vs State of H.P. [CWP No. 5648 of 2020]Coram: Justices Tarlok Singh Chauhan and Jyotsna Rewal DuaCounsel: Sr Adv Puneet Bali with Adv Jyotirmay Bhatt, Sr. Addl. A.G. Ajay VaidyaClick here to Read/Download JudgmentRead JudgmentNext Storylast_img read more