In the struggle to save the high street, councillors next week will suggest market towns across the county must “not compete” with each other. Instead they will call for the each town to build on their strengths to create individual identities to attract visitors.However, a retail expert says cutting competition is not the answer.The High Street Vitality Working Group, which has been investigating how Lincolnshire County Council can support its town centres, will put five recommendations on the table including calling on the county’s towns to “complement” each other.The report says: “Market towns in particular must not compete with their neighbours.“Retailers and investors only have so much money to use, and consumers only wish to buy a product once.”James Brown, from Lincolnshire County Council’s economic development team, told Local Democracy Reporter Daniel Jaines that the idea was to create an identity to attract … [Read more...] about Lincolnshire councillors considering call for county’s market towns to avoid competing against each other
Investors looking for new ideas
AOL co-founder and billionaire investor Steve Case says middle America is being ignored when it comes to venture capital investment. Case aims to change this situation with "Rise of the Rest," a fund that will bring some of that venture capital now going to the tech hubs on the coasts and invest it with worthy entrepreneurs in America's heartland. Sharyn Alfonsi reports on "Rise of the Rest" on the next edition of 60 Minutes, Sunday, March 17 at 7:00 p.m., ET/PT on CBS. Case raised $150 million to seed his fund and hopes to invest it in places like Detroit, Birmingham, Alabama, and Indianapolis. "75 percent of venture capital money went to three states: California, New York and Massachusetts… Most of the venture capital is on the coasts not in the middle of the country and we just have to change that," says Case. "[Middle Americans] have been forgotten… they have been left behind," he says. "Most people are not paying attention to them… Most people on the coasts don't … [Read more...] about Billionaire venture capitalist searching Middle America for next big idea
Canadian miner Barrick Gold said Friday it is weighing a mammoth bid for American rival Newmont to reclaim its dominance in the gold sector. In a statement, the company said it had "reviewed the opportunity to merge with Newmont Mining Corporation" but added that "no decision" had been made yet. Newmont has not commented on the proposed transaction. If it goes ahead, the US$19 billion hostile takeover would top the previous record deal, set only last month after years of waning investor interest due to lackluster bullion prices. The industry has been consolidating as gold mines around the world get depleted, driving up costs and encouraging companies to come together in mergers and alliances. In January, Colorado-based Newmont announced a US$10 billion stock deal for another Canadian mining company, Vancouver-based Goldcorp, in a move to leapfrog Barrick as top gold miner. That acquisition -- which is expected to close in the second quarter -- came only three months after Barrick … [Read more...] about Barrick weighing bid for Newmont to create gold giant
Stock markets wax and wane. The period of time in which they move from a state of expansion (bull market) to one of contraction (bear market), before expanding again is known as the “market cycle”. Last year was an extremely difficult one for stock markets, prompting much commentary as to which ones had "corrected" (falls of between 10% and 20% from a recent peak) and which were technically in a bear market (falls of 20% or more). Experienced market participants say that a gruelling 2018 might be a precursor to a better 2019 (see Schroders’ outlook for the coming year). However, a more challenging environment may be here to stay given the uncertainties facing the global economy. The speed at which quantitative easing (QE)1 is scaled back and global interest rates rise from this point onwards is unclear. US-China trade relations could improve or worsen, political tensions elsewhere might deteriorate or be resolved – these are just some of the unknowns ahead. … [Read more...] about Five charts to gauge the environment for equities
Brent Schrotenboer USA TODAY Published 8:17 PM EST Feb 8, 2019 SAN DIEGO — The longtime agent for NFL quarterback Tom Brady is starting a new pro football league next year in Southern California called Pacific Pro Football. His name is Don Yee. And it might not be long before his league and other new pro football ventures disrupt and influence the lucrative worlds of college and pro football. Take the case of Clemson star quarterback Trevor Lawrence. The rising sophomore is not eligible to play in the NFL until 2021, according to NFL rules that require first-year players to be at least three years removed from high school. But Yee’s new league won’t be bound by such rules. Asked how much his league would be able to offer Lawrence, Yee told USA TODAY Sports on Wednesday that “it would be a compelling and significant proposal.” “He is a unique talent, and we'd simply want to give him a choice." This is new territory for the elite levels of … [Read more...] about Pro football: Will new leagues like AAF, XFL change NFL, college game?