Snowy Hydro boss Paul Broad resigns
Paul Broad, the chief executive of government owned electricity utility Snowy Hydro, has resigned amid delays and cost blow outs to its controversial Snowy Hydro 2.0 scheme.
“The Snowy Board will now commence a process to identify new leadership. Roger Whitby, chief operating officer, will lead the organisation on an interim basis, with support from Paul to facilitate a smooth transition,” the company said in a statement this afternoon.
Snowy Hydro CEO Paul Broad Credit:Renee Nowytarger
The $5 billion pumped hydro scheme may not be ready to generate power until as late as 2028, according to reports on the latest delays to the project.
A spokeswoman for Climate Change minister Chris Bowen said: “The Government values SnowyHydro and its critical role in supporting a changing grid”.
“The Albanese Government notes the resignation today of SnowyHydro CEO Paul Broad after almost ten years of service, and thanks him for his work in the energy market over that period.“
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Lockdown Was Our Romantic Bubble, but Bubbles Burst
Our connection began behind masks, with eyes only, and grew so deep so fast that I began to dread a return to normal here in Shanghai.
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By Zhengkun Hou
Pizza John’s Recalls Pepperoni Pizza Products
Essex, Maryland -based Pizza John’s is recalling around 156,498 pounds of pepperoni pizza products that were produced without the benefit of federal inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service or FSIS announced.
The products subject to recall include 33.25-oz. clear plastic wrapped packages containing “PIZZA JOHN’S BAKE AT HOME 12 Inch Pepperoni Pizza” with UPC code 9589334921; and 57-oz. clear plastic wrapped packages containing “PIZZA JOHN’S BAKE AT HOME 16 Inch Pepperoni Pizza” with UPC code 958939019.
The frozen pepperoni pizza products were produced and distributed into commerce on dates from March 2020 through July 28, 2022. These items were shipped to retail locations in Maryland.
The affected products do not bear the USDA mark of inspection because Pizza John’s is not a federally inspected establishment.
The recall was initiated after FSIS, during routine surveillance activities, determined that the pepperoni pizza products did not have the USDA mark of inspection and were produced in an establishment that was not inspected by USDA.
However, there have been no confirmed reports of adverse reactions due to consumption of these products to date.
FSIS is concerned that some product may be in consumers’ freezers, and urged them to throw the products away or return to the place of purchase.
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Holders Technology Posts Loss For H1 As Sales Fall
Holders Technology (HDT.L), a British provider of lighting products, on Friday posted a loss for the first-half, amidst a decrease in revenues.
For the six-month period to May, the company reported a pre-tax loss of 0.22 million pounds, compared with a profit of 0.10 million pounds a year ago.
Loss after tax was at 0.22 million pounds or 5.35 pence per share as against profit of 0.10 million pounds or 2.46 pence per share of last year.
Operating loss stood at 0.24 million pounds, versus earnings of 0.10 million pounds, on year-on-year basis.
Holders generated revenues of 3.45 million pounds, less than 5.78 million pounds of previous fiscal.
The company has announced an interim dividend of 0.50 pence per share against last year’s 0.25 pence per share. The dividend will be paid on October 4, to shareholders of record on September 9.
Looking ahead, the company said: “The second half of the financial year has started well, with improving revenue and profitability.”
OpenText, Micro Focus Reach Agreement On Terms Of Acquisition – Quick Facts
The boards of OpenText and Micro Focus have reached agreement on the terms of a recommended cash acquisition to be made by OpenText, through its subsidiary, Bidco, of the entire issued and to be issued share capital of Micro Focus. Each Micro Focus shareholder will be entitled to receive: 532 pence in cash per Micro Focus share. The acquisition values the entire issued and to be issued ordinary share capital of Micro Focus at approximately 1.8 billion pounds on a fully diluted basis and values Micro Focus at approximately 5.1 billion pounds on an enterprise value basis. The Micro Focus shares underlying the Micro Focus ADSs will be included in the deal.
The Micro Focus directors intend to recommend unanimously that its shareholders vote in favour of the Scheme at the Court Meeting and the resolutions to be proposed at the General Meeting.
Several Killed As Powerful Storms Lash Across Central And Southern Europe
At least a dozen people, including children, were killed as powerful thunder storms lashed across central and southern parts of Europe.
Casualties were reported in Italy, Austria and France.
High winds and heavy rain uprooted trees and blew off roof tops.
Heavy, continuous rain for the past three days produced flash flooding and fierce hail across southern parts of France.
Thousands of people were evacuated from several campsites as precaution.
Five people were killed in the French Mediterranean island of Corsica.
French weather forecasting agency Meteo France lifted a major storm warning it issued for the popular tourist spot.
Power outage and flood on streets were reported in the French city of Marseilles.
Falling trees claimed lives of two children and three women in Lower Austria province.
The storms follow weeks of punishing drought and heatwave that often led to wildfires in many countries in the continent.
The sudden change in extreme weather is the latest episode of climate change.