ISA investors! I’d buy this income growth stock in January in the hope of BIG dividends 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. Enter Your Email Address See all posts by Royston Wild Royston Wild | Thursday, 9th January, 2020 | More on: GAW Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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. Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images. I believe the release of half-year results next Tuesday (14 January) could send Games Workshop Group (LSE: GAW) even further northwards. The fantasy board game specialist’s share price more than doubled in 2019 as market makers, impressed by its resilience in otherwise tough conditions for the UK retail sector, piled in with gusto.The wares over at Games Workshop are just about as niche as it gets, and its decades-old history of designing, manufacturing and selling its Warhammer war games has commanded an army of loyal followers that continue to splurge out, despite the broader pressure on consumer confidence on these shores.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…However, it’s the company’s impressive capacity to grab the imagination with new fans in foreign territories which is really standing out right now. Overseas sales now account for three-quarters of group turnover and it’s revving up investment in North America and Asia in particular to keep the tills ringing out. The business opened 19 and eight net new stores in the last fiscal year (to June 2019) in these regions respectively to take the total stores on each continent to 153 and 23.Premium playGames Workshop advised last time out on 8 November that both revenues and profits in the fiscal year to date were up from the same 2018 period, the business noting in particular that receivable royalties were “significantly ahead” as a result of “the timing of guarantee income on signing new licences.”The news sent the retailer’s shares soaring 19% in just one day and set the tone for a strong start to the end of the year. As I type, Games Workshop trades at record highs of £63.70 per share, and signs that the business has got the second half off to a flyer — a very-likely scenario, it has to be said – should help it to gain more ground.It doesn’t matter that the business already trades at a healthy premium, a forward price-to-earnings (P/E) ratio of 28.1 times. This is a reflection of the FTSE 250 firm’s long record of strong earnings growth which City analysts expect to continue. Current forecasts suggest a 12% improvement in the profits column for the fiscal year ending May 2020. The market loves the resilience that its unique products bring to the top line and that’s why it’s long commanded a high rating.Dividends forecasts to jump?But Games Workshop isn’t just a great pick for growth investors. I’ve long lauded the company on account of the sprightly pace at which it’s hiked annual dividends over the past half a decade. It raised the full-year dividend 23% last time out to 155p per share, and the signs are looking good for a meaty hike in the half-time payout this time around.As well as benefitting from solid trading, the company continues to benefit from balance sheet robustness, Games Workshop confirming in September that “cash generation also remains strong.” City analysts reckon a 159p per share dividend will be paid out for the full fiscal year to May, resulting in a handy 2.5% yield. Though I reckon they could well end up revising their estimates to the upside following next week’s interims, giving the share price an extra shunt in the right direction. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!
Our 6 ‘Best Buys Now’ Shares 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. Image source: Getty Images Technology stocks have flourished whereas travel and tourism stocks have floundered in this market crash. One stock that links these industries together is Trainline Plc (LSE:TRN). Is Trainline a potential opportunity right now or one to avoid? I’m leaning towards the former.TRN offers a one-stop shop for booking trains and coaches across the UK and Europe using its platforms. In June 2019, it reported it receives approximately 80m visitors per month to its platforms, which include a website and mobile app.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…Market crash opportunityIn January 2015, Trainline was sold to American global investment firm KKR, which undertook a highly successful IPO in June 2019. June 2019 seems like a very long time ago right now. Between then and now, a lot has occurred. A global pandemic and one of the UK’s worst recessions on record spring to mind.Prior to the market crash, TRN shares were trading at 552p per share. Approximately a month later, its share price tumbled to a low of 202p, which is a 63% decrease in value. Since that low, TRN’s share price recovered to 532p per share at the end of May. As I write this, however, I am able to buy shares for 290p.The economic downturn coupled with uncertainty around Covid-19 has seen TRN’s share price experience a rollercoaster ride over the past few months. That being said, I still feel there is a longer term opportunity to be had here with TRN. At its current price point, it is an excellent FTSE 250 bargain in my opinion.Half-year resultsThis morning saw the release of half-year results for the six months ended 31 August 2020. On the face of it, the results made for sorry reading but the market crash and downturn have severely damaged the travel sector.First-half net ticket sales for TRN amounted to £358m. This figure equates to 19% of the whole prior year period. Compared to the same period last year, it is a whopping 81% decrease. Q2 was a more encouraging trading period. This was when the first lockdowns ended and restrictions eased.In its international market, TRN’s top three domestic markets returned to growth. UK consumer ticket sales recovered faster than the market at 30% compared the same period last year and the industry passenger volume which stood at 24%. TRN also exceeded new customer numbers pre-Covid-19. TRN did also mention despite cost cutting measures it continued to invest in its tech infrastructure.Why I like TRN right nowTRN might be seen as a market crash contrarian buy right now. I believe it is an excellent opportunity and at its current price it is so much more attractive. I don’t worry too much about the H1 results. We are living in unprecedented times. TRN has cut costs and confirmed it has approximately £162m in cash to help navigate further economic fluctuations.I find solace in Trainline’s record of success and its standing in its respective industry. TRN is a powerhouse and is in many markets across the world. Additionally, I see pent up demand benefitting TRN when the market normalises. In the UK alone, the government is heavily invested in the rail industry and infrastructure for many years ahead. Thinking longer term, I believe TRN is a cheap market crash bargain right now. See all posts by Jabran Khan 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. Jabran Khan | Thursday, 5th November, 2020 | More on: TRN Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Jabran Khan has no position in any of the shares mentioned. 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. Enter Your Email Address Stock market crash: Is this tech stock worth buying right now? Simply click below to discover how you can take advantage of this.
Enter Your Email Address Paul Summers has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. 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. Our 6 ‘Best Buys Now’ Shares Paul Summers | Monday, 22nd February, 2021 FREE REPORT: Why this £5 stock could be set to surge 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. Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. See all posts by Paul Summers Image source: Getty Images Simply click below to discover how you can take advantage of this. The ISA deadline is approaching! Here’s what I’d do now 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. The ISA deadline (5 April) is fast approaching. Here’s why I think it’s so important to take advantage of the annual allowance. Stocks and Shares ISAs: a good ideaA Stocks and Shares ISA allows us to avoid paying capital gains tax on profits made from our investments. Investing ‘careers’ can last for 40 or 50 years, so that could add up to hundreds of thousands of pounds.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…This type of ISA also allows an investor to avoid paying income tax on any dividends they receive. Research has consistently shown that reinvesting cash returns can turbocharge returns. The less I return to the taxman, the better!Another reason for using a Stocks and Shares ISA is that returns are likely to beat those offered by a Cash ISA. Right now, the latter offers just 0.5% at best in interest. Of course, investment returns can never be guaranteed (and building up an emergency money fund is a bad idea) but a Cash ISA won’t help me grow my investments. Use it or lose itOne key point about the annual ISA allowance (£20,000) is that it has a time limit. In other words, I can’t roll over any of my 2020/21 allowance into the 2021/22 tax year. If I don’t use it, I lose it. Given this, if I didn’t already have one, I’d open one today, rather than waiting until after 5 April. I could then invest up to £20,000 for this year and repeat that after April 5 using the next year’s allowance. Every little helpsNot everyone will be able to invest the full allowance. Even so, I don’t think this should put anyone off. As little as £25 per month can help in building a nest egg. An annualised return of 7% over 30 years adds up to around £28,000 by 2051 (ignoring fees). Returns could be lower or higher, of course. An annualised return of 10% on £25 per month over the same period brings the total ISA pot to around £49,000. Again, I’m ignoring fees. Stock-pickingPicking stocks for an ISA portfolio is very personal. What suits one investor may not suit another based on their financial goals and risk tolerance. I’m adopting a quality-focused approach. I’m searching for companies with low debt and for those businesses capable of growing profits and generating consistently high returns on capital employed as they go. I won’t turn down a dividend, but I’m most interested in whether these cash returns can grow year-on-year. The actual size of the dividend is of less concern to someone like me who’s not dependent on making income from my investments.Away from the numbers, the best shares to own in an ISA will arguably be those belonging to firms offering multiple products or services. Being a market leader or operating in a space with limited competition is also desirable. As the Brexit saga has taught us, there’s a lot to be said for buying shares in companies with a global reach too.The length of time someone remains invested is also a key factor. If I invest £25 for 40 rather than 30 years, I’ll theoretically end up with even better returns: almost £60,000 (at 7%), almost £133,000 (at 10%) and a whopping £304,000 (ar 13%).That’s the power of compounding over time. And that’s why using my ISA allowance is a priority for me.
Women’s Six Nations England v Wales previewEvery team has a player who likes a practical joke, but England have a double act. “I like to have fun,” says tighthead prop Sarah Bern. “Me and Izzy Noel-Smith are like Dumb and Dumber around camp.”Bern has become the youngest veteran in the England set-up, the 20-year-old suddenly becoming one of the more experienced players in the team after head coach Simon Middleton added a selection of teenagers to his squad.The Gloucester forward will earn her 17th cap against Wales on Saturday and it’s been a quick rise to the top, earning just 11 caps before scoring a try in the Women’s World Cup semi-final against France.Leading figures: Coach Simon Middleton and captain Sarah Hunter, who scored a hat-trick against Italy. Photo: Getty ImagesBern doubled her scoring tally against Italy in round one of the Six Nations last weekend, making her a prolific finisher in prop terms.“I’ve only scored two in 16 so let’s not get carried away, but if I can keep that record going I won’t complain,” says Bern.Related: Six Nations TV CoverageEngland will face Wales in round two of the Six Nations at the Twickenham Stoop on Saturday as they chase a second consecutive Grand Slam title.Two changes have been made by England – Charlotte Pearce is set to earn her first start on the wing while hooker Amy Cokayne returns to the starting line-up.LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION OFFERSThe Red Roses beat Wales 63-0 in Cardiff last year, but after a one-point win over Scotland in round one, the Welsh will be in high spirits crossing the Severn Bridge.Bern adds: “Every team in the competition has improved this year and Wales will want to play right in our faces and disrupt the ball to stop us playing.”Related: Women’s Six Nations FixturesBern’s try was England’s solo score in the first half against Italy as they went into the break drawing 7-7, but they dominated the second period to win 42-7.“I think it took longer for the team to click against Italy,” says Bern. “We’ve had a number of new young players come into the team which, mixed with some experienced ones, needed some adjusting. Saturday 10 February Scotland v France, 7:05pm, Scotstoun StadiumSunday 11 February Ireland v Italy, 1pm, Donnybrook, Live on RTE Gloucester prop Sarah Bern previews the second round of England’s Women’s Six Nations campaign against Wales with Shay Waterworth On the charge: Sarah Bern in action during last year’s Women’s World Cup. Photo: Getty Images “Training is always different to a match so it was important for us to play together and in the second half we really showed our understanding as a team and complemented each other.”Training day: Sarah Bern has learnt a lot from England centurion Rocky Clark. Photo: Getty ImagesOne veteran who has set an example for Bern is Rochelle Clark, commonly known as ‘Rocky’. Clark is England’s most-capped player of all time, representing the Red Roses 133 times and the 36-year-old prop has described Bern as a “box on legs”. Bern, who is 5ft 6in and weighs 90kg, doesn’t argue with the new name.“Rocky looked at me in training last week and said ‘you’re just so big’. I find it funny and although I take my rugby career incredibly seriously, ultimately I’m here because I enjoy it. I want to have fun.”Scottish blueprintsScotland have mixed things up for their game against France. Following the disappointing loss to Wales last weekend, captain Lisa Martin has been moved to fly-half from centre and Rachel Malcom has made the transition from hooker to blindside flanker for round two.Having lost 55-0 against France in La Rochelle last year, Scotland can only improve. However, as many of the team are inexperienced and France are currently ranked third in the world, Scotland will need the home support as they play at Scotstoun for the first time in the Six Nations.Back in green: Katie Fitzhenry will start for Ireland against Italy. Photo: Getty ImagesFeeling FitzyIreland head coach Adam Griggs has made two changes to his team from the opening-round defeat to France last weekend.Katie Fitzhenry has been called into the squad after representing Ireland at the Sydney Sevens and will start at outside-centre, while Paula Fitzpatrick starts in the second row.Ireland have never lost to Italy in the Six Nations and, with home advantage, it should be the first Irish win of the campaign after losing 24-0 in France last week.Women’s Six Nations Round Two FixturesSaturday 10 February England v Wales, 12:15pm, Twickenham Stoop, Live on Sky Sports LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS
Twin Condominiums / LOCALSave this projectSaveTwin Condominiums / LOCAL CopyHousing•Brooklyn, United States Projects United States Photographs: A-Frame StudioText description provided by the architects. Located only one block apart in a historical neighborhood in Brooklyn made up of mostly brownstones and brick row houses, the design of this two ground-up condominium buildings called for façades that would relate to each other while referencing their context, and while embracing the modern living standards of its future residents.Save this picture!© A-Frame StudioTheir massing and brick façades allow the buildings to blend in, yet the floor-to-ceiling widows permit light to travel into the interior and views to be more expansive than in traditional brownstones. The buildings each consist of two floor-through apartments and two duplexes, including the set-back penthouse units.Save this picture!© A-Frame StudioProject gallerySee allShow lessOne Day For DesignArticlesMBIArch – The Barcelona Institute of Architecture’s post-professional Master in Arc…ArticlesProject locationAddress:Brooklyn, NY, USALocation to be used only as a reference. It could indicate city/country but not exact address. Share 2008 Year: Architects: LOCAL Year Completion year of this architecture project Save this picture!© A-Frame Studio+ 12 Share Photographs “COPY” “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/126695/twin-condominiums-local Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/126695/twin-condominiums-local Clipboard Housing ArchDaily Twin Condominiums / LOCAL CopyAbout this officeLOCALOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingBrooklynHousesUnited StatesPublished on April 13, 2011Cite: “Twin Condominiums / LOCAL” 13 Apr 2011. ArchDaily. Accessed 12 Jun 2021.
20 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Having made a highly successful debut into the female accessories business earlier this year, Stunning Straps (www.stunningstraps.com) announce a retail support initiative with a number of Breast Cancer Charities in which they are to donate 10% of their October retail sales into a special Breast Cancer Fund. The initiative has been implemented to coincidewith this month being the official breast cancer awareness month for 2007.Stunning Straps are decorative bra straps that simply attach to bras with detachable straps or multi-way bras. They answer the prayers of women who are fed up with bra straps that show when wearing a sleeveless outfit, and also for those who feel uncomfortable in a strapless bra.The collection starts at just £10 and consists of a wide range of colours and styles to suit every occasion. Straps are available in a variety of beaded and diamante finishes, all ofwhich can be viewed on the website.Following its launch at the Asian Lifestyle Show at Olympia in July, Stunning Straps are to show at a number of exhibitions and fairs across the UK. All products can be purchased onlineas well as through a growing number of retailers nationwide. The business is keen to increase its presence in the retail market and to forge further links with wholesalers.As a female start up business Stunning Straps are committed to showing their support for Breast Cancer Charities. Not only is the business donating 10% of its October retail sales into the fund but it will also continue to donate 10% of all future bra strap sales into the fund.Toral Shah, diagnosed with Breast Cancer at the age of 29, says “I am so excited that Jaime, an old school friend, has taken on the mantle of helping with the promotion of breast cancer awareness in young people by donating some of her profits to breast cancer charities from this unique fashion accessory”. As Toral has had a mastectomy, she understands that many people cannot wear strapless bras. Stunning Strapsensures that people who are unable to wear strapless bras can still wear their favourite clothes by using these pretty straps on many different types of bras.As Christmas rapidly approaches Stunning Straps provide an unusual gift idea. You can even buy gift vouchers online so allowing the final choice of straps to be made by the lucky recipient. Remember too that with every order placed in October the company will give 10% of their retail sales to the Breast Cancer Fund, making it even more worthwhile to shop online this month.What started as a small business just a few months ago looks set to grow into one of the UK’s great niche fashion success stories, while its continued work with Breast Cancer Charitiesis sure to earn the business the praise and support it so rightly deserves.Ends/…Media Contact:Jaime PatelTelephone: 020 8777 6933Email: [email protected] to Editor.Stunning Straps are happy to discuss possible reader/viewer competitions. Please contact Jaime Patel. Stunning Straps – the great fashion accessory that helps you look great and supports breast cancer AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: corporate Howard Lake | 10 October 2007 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
Previous articleMichael McGeady retains Walled City Pro-Am titleNext articleMain Evening News, Sport and Obituaries Monday August 27th News Highland Ballyliffin to Carndonagh road reopened Pinterest Homepage BannerNews Pinterest Facebook Facebook Google+ Arranmore progress and potential flagged as population grows WhatsApp Twitter By News Highland – August 27, 2018 Loganair’s new Derry – Liverpool air service takes off from CODA Twitter DL Debate – 24/05/21 RELATED ARTICLESMORE FROM AUTHOR WhatsApp The R238 from Ballyliffin to Carndonagh has reopened.The road was closed near Rashenny School following an earlier crash.It is believed that one person was injured in the collision and their condition is being assessed. Important message for people attending LUH’s INR clinic News, Sport and Obituaries on Monday May 24th Google+ Nine til Noon Show – Listen back to Monday’s Programme
Community Enhancement Programme open for applications It’s emerged that Gardai had to be called out to patrol a number of beaches in Inishowen over the weekend because some people weren’t maintaining social distancing rules.It’s reported that beaches saw huge crowds right across the peninsula yesterday due to the good weather.But some beachgoers were said to be congregating despite strict regulations in place due to the coronavirus.Cathaoirleach of the Inishowen MD Cllr Martin McDermott:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/03/mdfgdfgdfgdartin.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter Previous articleCall for 75% take home pay for hospitality workersNext articleDerry teacher in Italy urges people here to stay indoors News Highland Loganair’s new Derry – Liverpool air service takes off from CODA Google+ Pinterest WhatsApp By News Highland – March 23, 2020 Facebook Google+ Publicans in Republic watching closely as North reopens further AudioHomepage BannerNews WhatsApp Facebook RELATED ARTICLESMORE FROM AUTHOR Important message for people attending LUH’s INR clinic Arranmore progress and potential flagged as population grows Pinterest Nine til Noon Show – Listen back to Monday’s Programme Twitter Gardai called to patrol ‘packed beaches’ during pandemic
PatriciaHewitt seems to have got herself a good deal, paying Michael Porter a ‘mere’£50,000 for his report on poor management. But who is the man behind the fee?By Jane LewisIn 1991, a Canadian financial commentator noted the country had been hit bya highly contagious disease that seemed to afflict normally healthy chiefexecutives and politicians. The symptoms of ‘Porter Syndrome’ wereunmistakeable: “Victims rave on about competitiveness, strategy andglobalisation” and “show a trance-like compulsion” to hand overmillions of dollars to an owlish-looking Harvard professor called MichaelPorter. Say what you like about Patricia Hewitt, but she certainly knows how to geta good deal. While a host of other countries – including Thailand, India, NewZealand and Portugal – have shelled out millions over the years to book theprofessor, the Trade & Industry Secretary has managed to secure his inputon the weighty subject of the effect of poor management on productivity inBritain for a mere £50,000. This is pocket money to a superstar of Porter’scalibre, particularly since he is arguably the world’s leading authority on thesubject – at least in terms of scope. You’d be lucky to book him for less than$200,000 (£124,500) a day on the conference circuit. And he earns millions moreeach year from private consulting and book sales. Porter first shot on to the scene in 1980, when he published his seminalwork Competitive Strategy – a groundbreaking redefinition of what strategyshould mean in business. His trick was to combine the hitherto separate schools of management theory andeconomics: he explained corporate strategy as a function of the marketplace andshowed how companies could use general economic rules to solve problems. Youonly have to note the staying power of big ideas such as ‘competitiveadvantage’ and ‘the value chain’ to see how formative his views became. Porter swiftly emerged as an eighties management demi-god, along with PeterDrucker and Tom Peters. Supporters claimed he was by far the most academicallyrigorous of the three. Certainly his books were so stuffed with data tables,rules and maths that, as someone once remarked, they made In Search ofExcellence read like a cheap romance. In 1983 Porter, then just 35, was snapped up by the Reagan administration toadvise on industrial and economic policy. Some claim the resulting Reaganomicscould just have easily have been called ‘Porternomics’. The 1990 publication of The Competitive Advantage of Nations, a detailedstudy of eight of the world’s leading economies, marked a change of directionfor Porter, who emerged as a celebrated international guru, much in demand fromgovernments. The timing was fortuitous: within the narrower world of corporatemanagement theory, Porter’s star was waning as a new generation of strategists,such as Gary Hamel and CK Prahalad sought to define a new ‘bottom up’ view ofstrategy based on core competencies and intellectual capital. The big idea Porter later admitted he had fallen ‘off the radar screen’ in corporatemanagement. But the widespread take-up of his ideas about nationalcompetitiveness more than made up for this. His big idea was the importance tonational economies of local ‘clusters’ of companies – often in the sameindustry – competing against and servicing each other (Silicon Valley is theobvious example of this). He argued that creating an environment where existingfirms can become clusters is the key to sustainable prosperity, because localcompetition boosts innovation and therefore productivity – and this in turnconfers global advantage. Far from sapping local economies, therefore, theprocess of globalisation actually boosted them. Critics charge that Porter’s work is too schematic, and that his obsessionwith developing ‘strategies’ can get in the way of common sense and pragmatism.Some complain he is forever producing laundry lists of ‘forces’ and ‘factors’,and passing them off as explanations. Others insist much of his work is hardlyoriginal, and that he has a knack for stating the obvious. Certainly his 1990 explanation of the UK’s economic woes – a gentlemanlyruling class, lousy technical education and poor industrial relations – wasalready a cliché. And sometimes he is just wrong: his early 1990s predictionthat the US would decline economically in the face of German and Japanesedominance backfired spectacularly. Unrivalled scope But he still has plenty of fans. They claim that not only have his views onthe nature of competitive advantage stood the test of time, but that 25 yearsat the corporate and international coalface have given him unrivalled scope.”I have had extraordinary access to lots of data and I have thisextraordinary access to companies,” said Porter. “I can ask prettymuch anything and they will give me the answer”. It is this “broader,holistic” view, which he claims gives him an edge. Certainly, few othergurus would have the confidence or scope to compare the productivity ofmanagers in Catalonia, say, with those of South Africa. Porter’s reputation as the international expert on productivity andcompetition was cemented when he began chairing the annual GlobalCompetitiveness Report – a kind of hit parade of successful nations. In 1999 hewarned that Britain risked a further decline in productivity because of itsweakening “innovative capacity”. This year, it seems a mightytransformation has taken place. The 2002 report (published just a month afterHewitt hired Porter to investigate Britain’s apparent productivity problems inOctober) showed the UK making substantial headway. Indeed, in Porter’s micro-economic competitive index, based on”sophistication of company operations and strategy and the quality of thenational business environment”, we leapt from seventh to third place.Better still, the figures for company operations show that on a measure of”reliance on professional management”, the UK comes top out of 80nations. That kind of good news would be music to any government’s ear. PatriciaHewitt may well be congratulating herself on £50,000 well spent. Michael Porter’s CVBackground: Born in Ann Arbor,Michigan, 55 year-old Porter is the son of a US army officer. Education: Degree inaeronautical engineering at Princeton; MBA Harvard Business School; doctoratein economics Harvard University. Career:2002: Appointed to Harvard’s Bishop William LaurenceProfessorship2001: Co-formed Institute of Strategy & Competitiveness atHarvard1996: Relaunched his career as a corporate strategist1990: Began career advising governments on national competitionissuesMid-1980s: Co-formed the pioneering management consultancy,Monitor1983: Joined Reagan’s Commission on Industrial Competitiveness 1977: Promoted to associate professor at Harvard He has also worked extensively on inner city initiatives.Publications: author ofcountless books and articles on strategy. His classic, Competitive Strategy(1988) is now in its 58th edition in 17 languages. Fans stretch across thepolitical spectrum: from Reagan to Clinton in the US; and from Peter Lilley andJohn Redwood to Tony Blair and Gordon Brown in the UK. Consultancy: Among others hasadvised First Boston, AT&T, Procter & Gamble and Shell. Few countrieshave escaped his attention. Previous Article Next Article Porter delivers while others run out of ideasOn 21 Jan 2003 in Personnel Today Comments are closed. Related posts:No related photos.
The process uses fixed-bed reactors and operates at optimum pressure and temperature to maximize catalytic dehydrogenation of alkanes for high yields of alkenes at low costs Image: The startup of the Hengli plant marks the 21st CATOFIN unit in operation. Photo: Courtesy of Clariant. Swiss speciality chemicals company Clariant has announced the start-up of its CATOFIN catalyst at Hengli Group’s new mixed-feed dehydrogenation plant in Dalian, China.Clariant said that the new unit combines propane dehydrogenation (PDH) with iso-butane dehydrogenation (BDH) process technologies, and produces more than 1 million tons of olefins per year.Chinese dehydrogenation plant becomes the largest plant to use CATOFIN catalyst technologyThe advanced process combines Clariant’s CATOFIN catalyst together with McDermott’s Lummus process technology and is set to enable enhanced reliability, yield, cost efficiency and simplicity.Clariant said that in addition to the CATOFIN catalyst, the facility also employs its innovative Heat Generating Material (HGM) to produce its on-purpose olefins.Hengli Group’s new dehydrogenation plant in Dalian is designed to process 500KTA of propane and 800KTA of iso-butane feeds to produce propylene and iso-butylene.Hengli Petrochemical Refinery chief engineer Guangqin Peng said: “We are very proud of our achievements on this groundbreaking project. The fast, smooth and successful startup of this world’s largest paraffin dehydrogenation unit would not have been possible without reliable and experienced partners like Clariant.”Clariant said that its CATOFIN catalyst is an extremely reliable technology customised for the production of light paraffin dehydrogenation, and on-purpose production of propylene.CATOFIN technology and catalysts facilitates dehydrogenation of isobutane, n-butane or propane to isobutylene, n-butenes or propylene respectively, based on the Houdry process of catalytic cracking.The process at the new facility depends on a highly selective CATOFIN catalyst and operates at a thermodynamically-advantaged reactor pressure and temperature to maximize yield.The startup of the Hengli plant marks the 21st CATOFIN unit in operation, making Clariant’s total olefin production capacity more than 9million tons.Clariant Catalysts business unit senior vice president & general manager Stefan Heuser said: “We are honored that our CATOFIN catalysts and Heat Generating Material were selected by Hengli for its new production facility. Together with our technology partner, McDermott’s Lummus Technology, we are proving, yet again, the outstanding benefits of CATOFIN for propane and iso-butane dehydrogenation.”