Interserve wins over major shareholder as rescue deal vote looms

first_imgThursday 7 March 2019 4:26 pm Interserve wins over major shareholder as rescue deal vote looms Read more: Interserve board rebuffs rebel shareholder’s demands for new rescue planThe deal needs to win 50 per cent of shareholder approval at a vote on 15 March to go ahead, otherwise Interserve will go into a pre pack administration, but 27 per cent shareholder Coltrane has opposed it.Workers at the NHS and the Foreign Office are among Interserve’s 39,000 UK employees, and 70 per cent of its annual £2.9bn turnover comes from the government. The delivery of hundreds of public services across the country would come under threat if the firm went under.But the company has racked up more than £630m worth of debt in recent years, and is scrambling to push through a financing package, known as the deleveraging plan, with lenders RBS, HSBC and BNP Paribas to save it.Coltrane has been railing against Interserve’s proposals since early February because they dilute shareholder value to just five per cent, handing the rest to the lenders. ASI’s support comes hours after two big hitting proxy advisors said they also supported Interserve’s deal, marking a major victory for the outsourcer. Pensions and Investment Research Consultants (PIRC) followed another advisor, Institutional Shareholder Services (ISS), in throwing its weight behind the debt-laden outsourcer’s deal, City A.M. revealed earlier on Thursday.Advisors at PIRC, the biggest independent shareholder advisory firm in Europe, said of Interserve’s plan: “In light of the given necessity of this proposal, a vote in favour is recommended.”The report also addressed Coltrane’s concerns that the board’s management of the issue had been “reckless” and shown “negligence at best”.“There is sufficient balance of independent representation on the board which provides assurance that the proposal is undertaken with appropriate independent judgement and oversight,” PIRC’s report said. whatsapp Interserve is one of the country’s largest providers of facilities management services (Source: Interserve)A week before, the fund threatened to sue Interserve’s board over the matter (27 February), eviscerating the outsourcer’s plan as a “terrible” deal, before issuing a fresh set of demands this week which involved instead giving investors 35 per cent control.Interserve quickly rebuffed the plan (5 March), saying it could not consent to Coltrane’s request “without risking the future of Interserve together with its employees, pensioners, customers and suppliers”.Andrew Hunt, investment director at ASI a top-five shareholder, said: “We recognise the financial challenges facing the company and believes that the deleveraging plan is in the best interests of Interserve and all its stakeholders, including shareholders, as a whole.”We believe that the plan should be voted through and that Interserve remain a listed business.”Winning the proxy war A major shareholder has thrown its weight behind Interserve’s board in the their ongoing struggle for control of the outsourcer against US hedge fund Coltrane Asset Management, City A.M. can reveal.Aberdeen Standard Investments (ASI), which controls 4.6 per cent of Interserve’s shares, on Thursday endorsed the firm’s rescue deal designed to to stop it going into administration. 39,000 of Interserve’s 68,000 global employees are in the UK (Source: Interserve)The news came after it emerged proxy adviser ISS, the biggest in the US, had also told shareholders Interserve’s plan was the best option, driving the firm’s stock down eight per cent on Thursday afternoon.First reported by the Financial Times, ISS said although the deal was “not without concern for the shareholders,” it should be supported because it would “avoid potential insolvency”.It also said the fact shareholders had the option to claw back more value on top of the five per cent initially handed to them would lessen the “dilutive effect to participating shareholders”.Running down the clockThe news gives Interserve’s chief executive Debbie White just over a week to ensure more than half the firm’s shareholders back her plan rather than siding with Coltrane.But doubts remain over whether she will succeed, as more than one-third of shareholders have indicated they will vote down the deal. Coltrane last month enlisted the support of six per cent shareholder Farringdon Capital Management, a Dutch hedge fund, in its struggle for control over the outsourcer.Chairman Glynn Barker said this is a “critical time” for Interserve. The company’s proposed rescue deal is “the only plan today that provides a certain future for Interserve, preserving some value for shareholders while securing jobs, pensions, and continuity of services,” he said.“In the absence of any other plan that is capable of implementation, further uncertainty continues to risk an outcome in which there is no return to shareholders, including Coltrane, and considerable disruption to the business.”Both Interserve and Coltrane declined to provide formal comment on Thursday afternoon. Share whatsapp Alex Daniel Tags: Company Interservelast_img read more

Budget 2021: The long road to recovery

first_img“It already has the longest repayment profile in terms of its peers at over 10 years, and there is demand for it if the recent auction by the French government is any guide, there were €59bn worth of bids for French 50-year bonds,” he recalled. whatsapp Sector-specific measures Hewson pointed at sectors like aviation, as they are “likely to remain in the doldrums for some time,” particularly at a time when other countries’ vaccination programmes are not yet complete. Fifty-year bonds, or infrastructure bonds, could be another area that the government could look at, Hewson said, such as extending the debt profile of UK borrowing. With government borrowing set to top £300bn this fiscal year, there have been calls in some parts for Chancellor Rishi Sunak to start looking at measures to try and plug the gap between spending and tax revenue. While this is understandable given the size of the deficit, as well as the increase in national debt, one has to question whether doing so might actually make any recovery that much more difficult, argued Michael Hewson, chief market analyst at CMC Markets UK. Over the past few years, the likes of Austria, Belgium and Ireland have issued a 100-year bond, and while so-called century bonds tend to be associated with emerging market economies like Argentina, the costs of the pandemic are likely to see these types of instrument increase in use, especially if governments are reluctant to plug the fiscal gap too quickly. Tuesday 2 March 2021 5:59 pm Long-term solutions “Having implemented a holiday for the tax year just gone for aviation, restaurants, bars and other leisure venues, he is likely to have to do the same thing for the new tax year,” Hewson told City A.M. “New long-term funding or savings vehicles would be a start, with a view to encouraging investment in renewable projects,” he said. The hospitality sector is also likely to continue to feel the effects, and while pubs and restaurants may slowly be allowed to partly reopen, certain limitations will stay in place. “Either that, or he could come up with a whole new tax regime for a sector that is likely to take a long time to recover, though something like this can’t just be dreamed up on the hoof,” he added. Source: Carta Also Read: Budget 2021: The long road to recovery Because, as things stand, the UK, along with most other countries, is still in the grip of the pandemic, albeit hopefully coming out of the other side, as the vaccine rollout gathers pace. The furlough scheme is one area that is proving to be extremely expensive, and is due to end in April, while the cut in VAT to 5 per cent, from 20 per cent, is also due to expire at the end of March. Business rates are another area the chancellor is likely to zoom in on tomorrow. whatsapp A full economic reopening still seems some way off. Early indications suggest that most pandemic-related emergency measures are likely to be extended until the next Budget in November, when the economic outlook may be much clearer.center_img In tomorrow’s Budget, the chancellor is likely to extend furlough for certain vulnerable sectors, like airlines, and some forms of hospitality, while the stamp duty holiday could get extended until the autumn.  “All of these challenges and more will mean that the chancellor would be ill-advised to start thinking in terms of cutting spending and raising taxes aggressively this year,” he noted. Tags: Budget 2021 Michiel Willems Certain sectors are likely to need extended support if the government wants to ensure that the most exposed industries are still there when the third national lockdown is finally eased. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthQuizscape8 Out Of 10 Men Fails This Car Engine Quiz. Can You Pass It?QuizscapeMoney PopThe Most Overpriced Vehicles On the Market Right NowMoney Pop Budget 2021: The long road to recovery Source: Carta Also Read: Budget 2021: The long road to recovery “Large-scale events which attract significant numbers of people are also likely to have their numbers capped, to ensure that some form of social distancing is observed, at least until next year,” Hewson continued. “With the costs of Covid-19 likely to increase, the amount governments will need to spend on health and education are set to rise. This means that raising funds by way of longer maturities may increase in popularity, but governments will need to act quickly while interest rates remain low,” Hewson concluded. “It would appear that the chancellor has recognised it would be incredibly risky to end these support measures completely. A return of VAT to 20 per cent, and the reintroduction of business rates would not only tip a lot of struggling businesses over the edge, but it would also exert upward pressure on inflation at a time when the UK economy will still have various lockdown measures in place,” Hewson said. Source: Carta Source: Carta Also Read: Budget 2021: The long road to recovery Share Source: Carta Also Read: Budget 2021: The long road to recovery It is entirely right to be concerned at the level of the current deficit, Hewson stated. However, with borrowing costs still at fairly low levels, the government can afford to be creative when it comes to timeframes in narrowing the gap between taxation and spending.  Show Comments ▼ The recent decision to cut national savings rates was incredibly short-sighted at a time when the government ought to be encouraging people to put their excess capital, or savings, to work. last_img read more

KPMG’s Matt Wood has the eye for ING’s art

first_img More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: Director of operations for KPMG (Restaurant Associates), Matt Wood (right) enjoyed last night’s preview of the 2014 ING Discerning Eye exhibition ­– and thanks to City A.M.’s competition, he walked away with one of the pieces. Here he is with ING’s chief of commercial banking Gerald Walker and his new piece of art, Wet Morning by Ann Winn. The show is open to the public from tomorrow. Gabriella Griffith Show Comments ▼ Tuesday 11 November 2014 8:37 pm whatsappcenter_img KPMG’s Matt Wood has the eye for ING’s art whatsapp Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndo Tags: NULLlast_img read more

Son of Purged Aide Escapes Forced Repatriation to NK

first_img North Korea tries to accelerate building of walls and fences along border with China Son of Purged Aide Escapes Forced Repatriation to NK Hamhung man arrested for corruption while working at a state-run department store News AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] SHARE By Daily NK – 2014.11.20 10:46am A North Korean student attending universityin Paris has reportedly been in hiding for over two weeks after escaping a forced repatriation byPyongyang’s security officials en route to the airport.The student, surnamed Han, is known to be theson of one of Jang Song Taek’s aides, who was purgedalong with the former top official. This move seems to be part of the protracted purges being carried out since late last year in North Korea.North Korean state security officials fromone of Pyongyang’s embassies based in Europe enteredthe student’s home, confiscated his passport and mobilephone, and attempted to drag him to the airport to send him back to North Korea, according tolocal Korean sources.The student, who was studying architecturein France–well aware of his father having been executed and his families andrelatives being sent off to political prison camps–succeeded in escaping onhis way to the airport.French police and officials from the school in which Han is enrolled have been trying to track him down.France and North Korea have not establisheddiplomatic ties; however, Paris has allowed Pyongyang to open a mission in itscountry and engages in exchanges with the country, although limited. In 2011, theFrench government invited ten North Korean students [all thought to be children of high-ranking officials], including Han, to study atits two most renowned architecture schools, Ecole Nationale Superieure d’Architecture de Paris-La Villette and L’ecole d’architectureBelleville. If the alleged forced repatriation turns out to be true, the issue is expected to become a source of diplomatic bickering between the two countries. The North’s security officials, who tried to escort the student back home, areknown to have come from a third country bordering with France–potentially creating a source of tension between that state and Pyongyang.center_img News RELATED ARTICLESMORE FROM AUTHOR News Ordinary Pyongyang residents have not received government rations since mid-April News Facebook Twitterlast_img read more

Sabina Park and Greenfield to be made Disabled-Friendly

first_imgSabina Park and Greenfield to be made Disabled-Friendly UncategorizedMarch 10, 2006 RelatedSabina Park and Greenfield to be made Disabled-Friendly RelatedSabina Park and Greenfield to be made Disabled-Friendly RelatedSabina Park and Greenfield to be made Disabled-Friendlycenter_img FacebookTwitterWhatsAppEmail Physically challenged persons attending the ICC World Cup Cricket games at Sabina Park and Greenfield next year, should have no problem accessing the venues, as the stadiums will be equipped with facilities for the disabled.State Minister for Labour and Social Security, Senator Floyd Morris, said that the move was in keeping with government’s thrust to make public areas more “disabled-friendly”, noting that already, work was underway at the nation’s two international airports, while adjustments were being made to sidewalks. The State Minister, who was speaking in the Senate on Thursday (March 9), said he had received commitment from the project managers at the two sites that, “the stands being created would have the necessary access features so that disabled persons and their families can go to Sabina Park or Greenfield and be a part of World Cup 2007.” Meanwhile, he said that government was keen on “marketing Jamaica as a disabled-friendly tourist destination”.“There are disabled persons internationally, who have significant disposable income and want to travel, but because of restrictions in the physical environment, they are unable to venture out from their particular country of abode,” Senator Morris pointed out.He told the Senate, that the government was seeking to target these tourists, and a plan to rank hotels in terms of their disabled-friendliness would be carried out.The plan, he informed, would be undertaken in collaboration with the Tourism Development Product Company (TPDCo) and the Jamaica Council for Persons with Disabilities. Advertisementslast_img read more

PIOJ Welcomes 2nd Quarter of Positive Economic Growth

first_imgPIOJ Welcomes 2nd Quarter of Positive Economic Growth Finance & Public ServiceAugust 24, 2011 RelatedPIOJ Welcomes 2nd Quarter of Positive Economic Growth RelatedPIOJ Welcomes 2nd Quarter of Positive Economic Growth FacebookTwitterWhatsAppEmail KINGSTON — The Jamaican economy, fuelled by strong performances in mining and quarrying, hotels and restaurants, agriculture, forestry and fishing, recorded growth of 1.5 percent during the April to June quarter, the second consecutive period of growth of more than one percent. However, while the Planning Institute of Jamaica (PIOJ) is pleased with the out-turn for the quarter, the institute is cautiously optimistic that the growth trajectory of the past two quarters will continue, because of challenges from the downgrading in the US economy and fiscal adjustments expected to the 2011/12 budget. The assessment was delivered by the PIOJ at its quarterly review of the country’s economic performance, at a media briefing at its New Kingston Offices today. Director General, Dr. Gladstone Hutchinson, noted that the growth in real Gross Domestic Product (GDP) reflected the positive out-turn of the goods producing industry, which posted an increase of 5.3 per cent, and the services sector which increased by 0.2 percent. “This represented the first quarterly growth for the Services Industry since October – December 2007,” he noted. Within the goods producing industry, all categories recorded increases, with mining and quarrying registering the largest growth, of up by 30.8 percent. Agriculture, manufacturing and construction grew by 9.0 percent. Nearly all sub-categories of the services industry recorded growth, with hotels and restaurants registering the largest increase of 2.5 per cent, followed by finance and insurance with 0.5 percent and the wholesale and retail trade, which grew by 0.5 percent. Other macro-macroeconomic highlights of the economic performance included the continued moderation of the rate of inflation. For the review period, the rate of inflation was 2.0 percent. The main contributors to the upward price movements were housing, water, electricity, petrol and other fuels, food and non-alcohol beverages. Remittances recorded an increase of 6.7 percent, amounting to some US$507.6 million. Dr. Hutchinson attributed the overall improvement recorded in the economy during the quarter to the positive performance in all industries, except electricity and water supply, as well as transport, storage and communication industries and increased production and replanting activities in agriculture, following the impact of Tropical Storm Nicole and more favourable weather conditions relative to the corresponding quarter of 2010. He also credited the economic up-turn to the implementation of some elements of the Growth Inducement Strategy, particularly through the Jamaica Development Infrastructure Programme (JDIP), which recorded total expenditure of $4.2 billion for April to June 2011, the start of the Community Renewal Programme and legislative reforms, including the reduction of stamp duties and estate taxes. “The country has begun to realize benefits from green-shoots arising from fundamental reform of systems, procedures and processes aimed at mitigating and building economic and infrastructural resilience against shocks, vulnerabilities and other global developments,” he said. The Director General of the PIOJ also spoke to some of the “fundamental policy reform measures” being implemented. These he identified as: the removal of stamp duty and transfer tax on the trading of registered corporate bonds; reduction of stamp duty on re-financing and transfer of mortgages. During the review period there was a 27% increase in the number of mortgages disbursed by NHT, while the value of these mortgages increased by 83%; the reduction of stamp duty and transfer tax on letters of probates and letters of administration; and the revision of the import duty structure for motor vehicles, to reflect greater consistency with the Common External Tariff. He emphasized that the recent policy changes complemented previous reform measures implemented during 2009 – 2010, aimed at fundamentally improving the quality of fiscal governance and solidifying “transparency guarantees” that cement a greater level of certainty and credibility in fiscal management. These include: the enactment and implementation of the Fiscal Responsibility Framework (FRF); the phased implementation of a Central Treasury Management System (CTMS); and the strengthening of public financial management, with the phased roll-out of a Medium-term Expenditure Framework (MTEF), which is now being implemented in 6 prioritized ministries and which account for a significant share of public capital expenditures. Although pleased with the economic out-turn for the quarter, the PIOJ Chief was cautiously optimistic that the growth trajectory of the past two quarters will continue throughout the remainder of the year, “albeit at a slower rate than previously projected”, because of the expected adverse implications from the downgrade in the US economy and the intensification of the debt crisis in some European countries. He said that the fiscal adjustments embodied in the forthcoming supplementary budget, are also expected to negatively impact the economy. CONTACT: Allan Brooks, Senior Reporter RelatedPIOJ Welcomes 2nd Quarter of Positive Economic Growth Advertisementslast_img read more

Jamaicans Must Agree on Common Set of Values – Minister Thwaites

first_imgFacebookTwitterWhatsAppEmail During the course of the academic year, the Ministry of Education plans to develop and expose children to material that will lead them towards behaviour change and basic and broadly acceptable values.Portfolio Minister, Rev. the Hon. Ronald Thwaites, said the move comes against the background of what appears to be a “national ambivalence about values within the society” where “some of the certainties of the past are no longer accepted”. He stated that as a nation “we need to consensually agree on the values and attitudes that we are willing to accept as a people”.The Minister was addressing the opening ceremony of the Jamaica Independent Schools Association Principals’ Conference 2013, on Wednesday, April 24, at the Sunset Jamaica Grande Resort and Spa in Ocho Rios, St. Ann.Mentioning the recent withdrawal of printed material from the Health and Family Life Education curriculum, Rev. Thwaites said the Government’s position on the matter is very clear.“Our notion of healthy family life is the relationship between a man and a woman, with tolerance and compassion for those who have adopted a different lifestyle, but we are certainly not going to direct people in terms of something that we do not consider normal,” he stated.The Education Minister noted that the criticisms received in relation to that issue have caused queries from some people as to what should be accepted with regards to good social values. He insisted that there are some things that Jamaicans have to be clear about as it relates to values.Rev. Thwaites argued that simplicity in lifestyle, respect for each other, faithfulness and solidarity “are a few of the basic things that are useful in terms of building a society and making individuals happy”.He appealed for the help of the independent schools in building good social values and fostering behaviour change.By Bryan Miller, JIS Reporter Jamaicans Must Agree on Common Set of Values – Minister Thwaites EducationApril 29, 2013 RelatedSeven Primary Schools in East Kingston Get Tablet Computers Advertisementscenter_img RelatedJamaicans Must Agree on Common Set of Values – Minister Thwaites RelatedJamaicans Must Agree on Common Set of Values – Minister Thwaiteslast_img read more

Lawmaker Wants to Cut Top State Employee Salaries

first_img Email HELENA – A Republican legislative leader says the highest-paid state salaries need to be cut back to better match the incomes average Montanans make.State Sen. Dave Lewis of Helena says his proposed ballot initiative would cap the top salary at 200 percent of the state’s median household income. To start, that would be about $84,000.He told the Senate Finance and Claims that state salaries have grown at a faster rate than the rest of Montana.Gov. Brian Schweitzer mocked Lewis’ plan late last year since Lewis himself used to be a high-paid state employee. Opponents say the plan is to rile voters with class warfare.The bill would exempt higher education and judges. It would affect 240 employees and save the state about $1 million per year. Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox.last_img read more

Man due in court over shooting incident in Glenties

first_imgA man in his early 20s arrested after shots were fired at Gardaí in Glenties over the weekend is due in court later this morning.Two other men arrested in connection with the attack in the early hours of Saturday morning have been released without charge.Officers who came to investigate reports of shots being fired at Mill Road after midnight on Friday discovered a man there armed with a rifle.Then they were fired on — with the gunfire causing damage to a patrol car.A man in his twenties was arrested by armed officers.They seized a rifle, ammunition and a hunting knife.Then in a follow-up search at a house on Glenties Main Street, two other men in their twenties and forties were arrested.They were released without charge on Sunday, but the first man arrested is due before Donegal District Court later this morning. DL Debate – 24/05/21 News, Sport and Obituaries on Monday May 24th RELATED ARTICLESMORE FROM AUTHOR Previous articleBoy (11) dies after being knocked down near BuncranaNext articleHeavy snow causes major travel disruption in Donegal News Highland By News Highland – February 24, 2020 Loganair’s new Derry – Liverpool air service takes off from CODA WhatsApp Man due in court over shooting incident in Glenties Arranmore progress and potential flagged as population grows Twitter Google+center_img Pinterest Twitter Important message for people attending LUH’s INR clinic Homepage BannerNews Nine til Noon Show – Listen back to Monday’s Programme Facebook Google+ Facebook WhatsApp Pinterestlast_img read more

Derry councillor hits out at Glenowen walkway vandalism

first_img WhatsApp Consultation launched on proposal to limit HGV traffic in Clady By admin – April 2, 2015 Twitter Hospitalisations rise as Donnelly suggests masks will stay ’til autumn Twitter Previous articleThe long trip south to Cork for Derry CityNext articlePSNI make appeal four years on from Constable Ronan Kerr murder admin Google+ Google+ Audio Player Up/Down Arrow keys to increase or decrease volume. Pinterest Donegal hoteliers enjoy morale boost as bookings increase RELATED ARTICLESMORE FROM AUTHOR Facebook WhatsApp Disruption to cancer service will increase mortality – Oncologist A Derry and Strabane Councillor has hit out at vandalism on the walkway between Glenowen and the Creggan Country Park, saying he fears someone could be seriously injured or even worse if it continues.Councillor Colly Kelly was called to the area this week after a number of incidents, including the removal of a cover on a lamp post exposing bare wires and the burning of a wheelie bin.He’s now meeting with a number of groups in an attempt to nip such activity in the bud……… Today is the 30th anniversary of Eddie Fullerton’s murder Derry councillor hits out at Glenowen walkway vandalism Homepage BannerNews Facebook 45 new social homes to be built in Dungloe Pinterestlast_img read more