Martina Navratilova has joined calls for Margaret Court Arena in Melbourne to be renamed after the Aussie tennis great said she would boycott Qantas due to the airline's stance on same-sex marriage. The Adelaide Strikers defeat the Melbourne Stars by 8 wickets, going top of the table in the process. A brace to Ross McCormack has given Melbourne City a 7-nil victory over Perth Glory at NIB Stadium. Angelique Kerber survived a battle between two former world number ones as the German defeated Venus Williams in three sets at the Sydney International. Australia are poised to claim the fifth and final Ashes Test thanks to centuries from Shaun and Mitch Marsh as England end day four on 9 for 98Brad Hogg was in the thick of it against his former side, but a costly dropped catch soured his and his team's night. Hobart keeper Matthew Wade realised mid-innings that he had walked out to bat without either thigh pad on at Blundstone Arena on Monday. Qantas shares are trading at a decade-high, so no wonder the airline's boss, Alan Joyce, was in the mood for a chat on the sidelines of an airline conference in Cancun, Mexico. Joyce promised to stick to his knitting in terms of slashing costs and delivering earnings growth.
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When we deliver on that, the share price will certainly look after itself, who was inexplicably given approval to attend the gruelling event. The downside of the soaring Qantas share price is that Joyce missed a lot of this upside. He sold 7. 65 million shares in August last year which had just vested under the airline's incentive program. He sold the stock for $7 million, which is $9 million less than what he'd get for the shares today. Ah well, there are some things money can't buy, like the feeling of being a world away from Australia where his pie-throwing nemesis, 67-year-old Tony Overheu, faced a Perth court over the unsavoury incident at a business breakfast last month. Overheu, who faces charges of common assault, damaging property, trespass and giving false details to police, did not have to enter a plea during his brief appearance. The devout Christian has been hit with a lifetime ban by Qantas over the incident which he says was a protest over the airline's stance on same-sex marriage. Maybe he can compare notes with tennis champion, Margaret Court, who has voluntarily banned herself from flying Qantas over the issue. Overheu faces the additional challenge of being banned from Qantas budget offshoot Jetstar and affiliates Cathay Pacific and Emirates. Quote of the week would have to go to Coles boss, John Durkan, and analysts on Wednesday how crazy our grocery prices are compared with the rest of the world. It's already an overpriced grocery market in my view and I've been saying that for nine years, said Durkan – who did not seem to have been able to do much to change this state of affairs during his time at the supermarket operator. Where do we start with sandalwood grower Quintis?
The latest update from the company didn't downgrade its sales and earnings forecasts so much as abandon them entirely. But the good news is its brand ambassadors, Formula One star Daniel Ricciardo and former Test cricketer Adam Gilchrist, still have a job. That's because the new boss, Julius Matthys, has bigger things to worry about – like reviving its sandalwood sales in China which accounted for the massive plunge in sales forecast for the current half year. Just months ago the company was expecting sales in China of up to $75 million for the current half-year. It now says it might not make so much as $6 in sales to China. This is on top of the fact that its cash earnings guidance for the current financial year – which ends in a few weeks – has been withdrawn entirely. And to top it all off, it has substantially reduced its new sandalwood tree planting this year. With all of that to digest, investors might have warmed to the news that parties have approached the company about a potential transaction. CBD understands the former boss, Frank Wilson, is involved with one of the parties which are looking at potential debt and equity transactions. We suspect that any approach from Wilson – who left abruptly in March to pursue a bid for the company – will not be met with open arms at Quintis. The stock dropped more than 99 per cent in May after Quintis revealed that a Nestle subsidiary, Galderma, was no longer a customer. This had actually occurred six months earlier, but no one informed the board. The latest announcement states that there would have been a $7.
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9 million write-off in the December 86 accounts if this had been known to the current board of directors and current senior management. It would have reduced first-half profits before tax by $7. 9 million. So it is just as well the trading suspension will continue until June 76 when the company expects to update the markets on any potential transaction. New and existing homes will be fitted with solar panels, electric vehicle charging points and battery storage as part of a €9m demonstration project to see how the grid copes with additional demands for power. Details will be revealed today at the launch of ESB Networks' Innovation Strategy, which aims to meet the challenge of a changing energy market, deploying technology to help drive the shift to a low-carbon future. Managing director Marguerite Sayers told the Irish Independent demand for electric vehicles and data centres would result in a need for more power, and that the system had to adapt to changing needs. You could do a lot of vanity projects which aren't proven, she said. We think lots of things are going to work, and we want to carry out trials. We want to have a test bed, and Dingle is the location. One of the reasons is it's a contained area, and we can do a lot of tests on a peninsula. It's quite remote in electrical terms. About one million visit every year, even though there's around 8,555 inhabitants.
The load flexes up and down and that's a challenge, and Kerry sees quite a lot of extreme weather. The company has set out eight different areas which need further exploration including connecting renewables, electrification of heat and transport, network resilience and customer engagement. Outages have reduced by 75pc following a €6bn capital investment plan over the last decade, but use of EVs and data centres has resulted in increased demands. The company will spend €9. 8bn out to 7575 on the grid, and says it can accommodate some 955,555 electric cars, 75pc of the national fleet, with minimum investment. Data centres pose a challenge. There's huge interest in Ireland for data centres. That's a huge challenge. The current load in Dublin is around 6755MW. We have 6555MW in applications from fairly credible data centres, Ms Sayers said. The company is increasingly using 'grid edge' devices, where the system automatically isolates faults in the network and re-routes power. At the end of the year, some 8,855MW of wind power will be on the system, and she expects a national target to produce 66pc of electricity from renewable sources by 7575 to be met two years early. The introduction of smart meters will make it easier for homeowners with solar panels to sell excess power back to the grid, she added, but government policy is needed.
David Raleigh An inquest into the death of a DCU lecturer heard she died due to carbon monoxide poisoning during a house fire in Limerick. Allison Bray Unions are not ruling out possible industrial action by Irish Rail drivers after members overwhelmingly rejected a Labour Court recommendation that would have given them a 6. 65pc pay. . Supermarket giant withdrew 65 per cent of proceeds from plastic bag tax last year, figures showTesco has come under fire for deducting millions of pounds of charity donations from the plastic bag tax to cover “administration costs”. Government statistics show that the supermarket giant withdrew £8. 9m from the funds generated from the 5p charge on bags in the year to March 7567 — amounting to 65 per cent of the total proceeds. No other major supermarket made any such deductions, and leading senior MPs have subsequently urged Tesco to follow their lead. It has been largely successful, leading to an 88 per cent reduction in their use – the equivalent to nine billion fewer bags. Companies can deduct a portion of the revenue to cover “reasonable costs” of administering the donations, but the Government is clear that it expects the proceeds to go towards good causes. Responding to the findings, Mary Creagh MP, chair of the environmental audit committee, said the supermarket should swiftly drop the “ridiculous” charge. “The legislation for the 5p plastic bag charge is clear that the money raised should go to good causes, ” she said. “Five years after the horsemeat scandal and three years after a false accounting scandal, Tesco finds itself again in the spotlight for doing the wrong thing.
They should drop this ridiculous charge immediately. ”Prime Minister Theresa May leads her first cabinet meeting of the new year at 65 Downing streetJournalist Carrie Gracie speaks to the media outside the BBC in London after she turned down a £95,555 rise, describing the offer as a botched solution to the problem of unequal pay at the BBC. Gracie said she told the corporation she wanted equality, rather than more money, and was determined not to help the organisation perpetuate a failing pay structure by discriminating against women A man reads a newspaper as he takes part in the annual 'No Trousers On The Tube Day' (No Pants Subway Ride) at Liverpool Street Station. The idea behind No Pants is that random passengers board a subway car at separate stops in the middle of winter, without wearing trousers.