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EU border guard chief says 'no burning crisis' over migrants

The head of the European Union's border agency says there is "no burning crisis" right now in Europe due to migrant arrivals, but that more and more Africans are trying to enter Spain from Morocco.

Frontex chief Fabrice Leggeri said Wednesday that "right now we are not in the middle of a migration crisis at the external borders, but of course we do see that there is still a pressure."

Leggeri says unauthorized migrant crossings of the Mediterranean Sea dropped more than a quarter last year compared to 2017, to 150,000 arrivals.

He says the number of people leaving Libya and Tunisia on the central Mediterranean route for Europe plunged by 80 percent last year, to around 23,500 arrivals.

Source: Fox News World

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Newt Gingrich: Left Loves Beto, but Kamala Harris Will Win

Former House Speaker Newt Gingrich, while addressing the frenzy over Beto O'Rourke's dive into the 2020 Democratic pool of candidates, said he has another favorite to win the eventual party nomination: Sen. Kamala Harris.

"[She is an] African-American woman, [from] the largest state in the country," Gingrich told Fox News' "Fox and Friends" about the California Democrat. "I think she is a very effective campaigner. I think she will end up being the nominee."

But that doesn't mean Gingrich thinks she'll win against President Donald Trump, and it didn't stop him from getting a dig in at her politics, which include ending private insurance.

"In a Democratic primary, there is nothing nutty enough to disqualify you," said Gingrich.

Meanwhile, Gingrich compared O'Rourke, the former representative from Texas who nearly defeated Sen. Ted Cruz last year for the Senate to another newcomer when it comes to experience: Abraham Lincoln.

"I think that Lincoln had only one term in the House and lost a Senate race," said Gingrich.

But that's where the comparisons ended.

"Lincoln ended up as an amazing president," said Gingrich. "Maybe that will happen to Beto O'Rourke but I somehow doubt it."

Gingrich added that O'Rourke had $80 million in the race against Cruz, but still lost in Texas, and he doesn't think he can take the state from Trump either.

"I love the line, I think in the "Vanity Fair" piece, he said 'I was born to do this,'" said Gingrich. "I thought, there is a certain ego illusion here that the planet had the magic moment and Beto O'Rourke showed up."

Source: NewsMax Politics

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Report: ‘Serial’ slaying DNA evidence didn’t match suspect

Prosecutors in the murder case chronicled on the podcast "Serial" tested evidence from the 1999 crime last summer and found that none matched DNA from the convicted killer.

Defense attorney C. Justin Brown tweeted Thursday that no forensic evidence links his client Adnan Syed to the killing of his classmate Hae Min Lee.

Documents obtained by The Baltimore Sun say that about a dozen items, including a condom wrapper and fingernail clippings, were tested and none of them were positive for Syed. The only DNA investigators found belonged to Lee herself as well as an unidentified woman.

Maryland Attorney General's Office spokeswoman Raquel Coombs says the lack of DNA doesn't exonerate Syed, who was convicted in 2000 of strangling Lee and burying her in a Baltimore park.

___

Information from: The Baltimore Sun, http://www.baltimoresun.com

Source: Fox News National

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Michael Avenatti hit with 36-count federal indictment that could put him behind bars for 335 years

Michael Avenatti, the former Stormy Daniels attorney and once-rumored 2020 presidential candidate, is now facing up to 335 years in prison after being slapped with three dozen new federal charges alleging he stole millions of dollars from his clients, failed to pay taxes and lied in bankruptcy cases, amongst other accusations.

The 48-year-old was indicted late Wednesday by a Southern California grand jury following his arrest last month in New York for allegedly trying to shake down Nike for up to $25 million.

“I intend to fully fight all charges and plead NOT GUILTY,” Avenatti posted on Twitter Thursday after being freed on a $300,000 bond. “I look forward to the entire truth being known as opposed to a one-sided version meant to sideline me.”

If convicted on all of the new charges, Avenatti would face 335 years in prison, federal investigators say. He is scheduled to be arraigned on April 29 in United States District Court in Santa Ana. The Los Angeles Times says Avenatti already faces up to 47 more years if convicted in the Nike case.

"These four areas of criminal conduct alleged in the indictment are all linked to one another because money generated from one set of crimes appears in other sets – typically in the form of payments to lull victims and to prevent Mr. Avenatti’s financial house of cards from collapsing,” United States Attorney Nick Hanna said Thursday.

FEDS SEIZE AVENATTI PLANE AMID TAX SCANDAL

A U.S. Attorney’s Office spokesman, Thom Mrozek, confirmed to Fox News that federal agents seized a Honda HA-420 twin-engine jet from Santa Barbara Airport about 10 a.m. after a federal judge issued a warrant. (William La Jeunesse/Lee Ross)

A U.S. Attorney’s Office spokesman, Thom Mrozek, confirmed to Fox News that federal agents seized a Honda HA-420 twin-engine jet from Santa Barbara Airport about 10 a.m. after a federal judge issued a warrant. (William La Jeunesse/Lee Ross)

The 61-page indictment alleges Avenatti embezzled from a paraplegic man and four other clients and deceived them by shuffling money between accounts to pay off small portions of what they were due to lull them into thinking they were getting paid.

Avenatti is also charged with not paying personal income taxes, not paying taxes for his various businesses, including two law firms, and pocketing payroll taxes from the Tully's Coffee chain that he owned, the indictment said.

Between September 2015 and January 2018, Global Baristas US, the company that operated Tully's, failed to pay the Internal Revenue Service $3.2 million in payroll taxes, including nearly $2.4 million withheld from employees, the indictment said.

When the IRS put tax levies on coffee company bank accounts to collect more than $5 million, Avenatti had Tully's employees deposit cash receipts in a little-known account, the indictment said.

Avenatti was also charged with submitting fraudulent tax returns to get more than $4 million in loans from The Peoples Bank in Biloxi, Mississippi, in 2014. The tax returns he presented to the bank were never filed to the IRS, prosecutors have said.

“For 20 years, I have represented Davids vs. Goliaths and relied on due process and our system of justice,” Avenatti tweeted Thursday. “Along the way, I have made many powerful enemies. I am entitled to a FULL presumption of innocence and am confident that justice will be done once ALL of the facts are known.”

AVENATTI’S LATEST ACCUSATIONS OF EXTORTING NIKE MARK END OF HIS SHOT AT REDEMPTION AFTER SPECTACULAR FALL FROM GRACE

The charges are the latest major blow to a career that took off last year when Avenatti represented Daniels in her lawsuit to break a confidentiality agreement with Trump to stay quiet about an affair they allegedly had.

Avenatti became one of Trump's leading adversaries, attacking him on cable news programs and Twitter. At one point, Avenatti even considered challenging Trump for the White House in 2020.

But back home, his business practices had come under scrutiny from the IRS and a former law partner who was owed $14 million by Avenatti and the Eagan Avenatti firm, which filed for bankruptcy.

And now the tables have turned in part on Twitter, with Avenatti getting ripped by the same figures he has gone after, like Donald Trump Jr.

“Good news for my friend @MichaelAvenatti, if you plead fast enough, you might just get to share a cell with Michael Cohen!” the president’s son quipped in late March following the emergence of the Avenatti-Nike allegations.

AVENATTI LIVED LUXURY LIFE WHILE AVOIDING PAYING TAXES FOR A DECADE, TAX AUTHORITIES SAY

The new indictment also says Avenatti made false statements in bankruptcy proceedings by submitting forms under penalty of perjury that under reported income his firm received.

The most glaring example of deception and fraud was described in the indictment as scheming Avenatti allegedly did to deprive clients of money they were due from legal settlements or sales of stock and the actions he took to cover his tracks.

In a case involving one client, Avenatti allegedly funneled a $2.75 million settlement into his bank accounts and spent $2.5 million on a private airplane, the indictment said.

Although Avenatti was due a portion of settlement funds for his work, the charges said he paid only a fraction of the money clients were due in some cases and strung them along while they waited to be paid.

Avenatti allegedly drained a $4 million settlement he negotiated in 2015 on behalf of Geoffrey Johnson, who was paralyzed after trying to kill himself in the Los Angeles County jail, the indictment said. Johnson was referred to as "Client 1" in the indictment, but was named at a recent court hearing involving the money Avenatti was ordered to pay his former partner.

Until last month, Avenatti had only provided $124,000 over 69 payments to Johnson, the indictment said.

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Two years after the settlement was reached, Avenatti allegedly helped Johnson find a real estate agent to buy a house. But when Johnson was in escrow to purchase the property, Avenatti falsely said he had not received the settlement funds, the indictment said.

In November, when the U.S. Social Security Administration requested information to determine if Johnson should continue to receive disability benefits, Avenatti said he would respond, but didn't because he knew it could lead to the discovery of his embezzlement, the indictment said. The failure to respond led to Johnson's disability benefits being cut off in February.

The Associated Press contributed to this report.

Source: Fox News National

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Futures slightly higher ahead of inflation data

Traders work on the floor of the NYSE in New York
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 11, 2019. REUTERS/Brendan McDermid

March 12, 2019

By Amy Caren Daniel

(Reuters) – U.S. stock index futures inched higher on Tuesday, taking cues from global stocks which rose after last-minute tweaks to Britain’s deal to leave the European Union that eased some fears of a no-deal Brexit, and as investors waited for inflation data.

European Commission head Jean-Claude Juncker said he agreed to an updated Brexit deal with British Prime Minister Theresa May to make the agreement more palatable to UK lawmakers but warned they would not get a third chance to endorse it.

The S&P 500 index has risen nearly 19 percent off its December lows, when markets were roiled by concerns of Sino-U.S. trade frictions, slowing economic growth and uncertainty about Brexit.

A reduced likelihood of crashing out of the EU with no Brexit deal helped inject some appetite for riskier assets, potentially eliminating one of the three major concerns of global investors.

British lawmakers who rejected May’s withdrawal agreement in January are due to vote on the Brexit deal again at around 3:00 p.m. ET (1900 GMT).

Boeing Co fell 2.1 percent, extending a fall from the previous session after many airlines grounded the company’s best-selling line of jets after a second fatal crash in just five months.

Boeing as well as Coca-Cola Co’s fall in pre-market trading pressured the Dow futures.

The world’s largest planemaker, which is the best performing Dow component this year by a wide margin, fell as much as 13.4 percent on Monday and weighed on the Dow Jones Industrial average.

However the blue-chip Dow pared losses, and all three indexes ended Monday higher boosted by a tech-led rally. Wall Street had posted five straight sessions of declines in the previous week, their biggest fall since 2018-end.

At 6:38 a.m. ET, Dow e-minis were down 29 points, or 0.11 percent. S&P 500 e-minis were up 1.75 points, or 0.06 percent and Nasdaq 100 e-minis were up 12 points, or 0.17 percent.

Coca-Cola dipped 0.3 percent after HSBC downgraded the soda maker’s stock.

On the economic front, the Labor Department is expected to show that the seasonally adjusted consumer price index (CPI) rose 0.2 percent in February, after remaining unchanged for a third straight month in January.

Core CPI is seen increasing 2.2 percent year-on-year, unchanged from January. The report is due at 8:30 a.m. ET.

(Reporting by Amy Caren Daniel and Medha Singh in Bengaluru; Editing by Shounak Dasgupta)

Source: OANN

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CNN: Dem ‘sadness and disappointment and disorientation’ over no collusion

Special Counsel Robert Mueller’s report into Trump’s 2016 presidential campaign found no evidence of collusion with Russia, and it’s causing a lot of “sadness and disorientation and disappointment” among Democrats, according to CNN.

Van Jones, a regular political pundit and social justice crusader, appeared on CNN Tonight to discuss the results of the nearly two-year investigation with host Don Lemon, and they both had a good laugh at fellow progressives who were hoping to use Mueller’s report to take down the president.

“I’ve been trying to tell folks for a long time that there’s no Santa Claus, there’s no Harry Potter with a magic wand, and I can’t tell you how many people over the years have come up to me – serious people with their hearts broken – saying, ‘But when Bob Mueller comes, man, he’s going to get Trump and Trump’s out of there.’ ‘Van, how many days do you think Trump has left?’ And I’d say, ‘Eight years if we don’t start working on real issues and not just talking about Robert Mueller all the time,’” Jones told Lemon.

Progressives banking on the report as the smoking gun that Trump did something illegal are still reeling from the “principle conclusions” of Mueller’s report, delivered to Congress by Attorney General William Bar on Sunday, that revealed no evidence of collusion between Trump or anyone involved in his campaign and Russians accused of interfering in the 2016 presidential election.

“And so now … there is an honest level of sadness and disappointment and disorientation among progressives and Democrats and I think it goes deeper than just, you know, what’s in the report,” Jones said.


The Mueller Report makes it clear President Trump did not “collude” with Russia to influence the 2016 election, but Democrats now claim more investigations are needed. Alex explains this tactic is moving the goal post, but is typical of the left.

“I think some of us actually feel the way we were raised was maybe wrong. That our parents told us work hard, be honest, be good people, if you’re a bad person you won’t have a good life,” he continued. “And I think some people look as some of the stuff President Trump does and they say, well that guy, isn’t that guy getting in trouble? If I did that at my job, I’d get in trouble. And I think people are just really struggling to come to terms.

“It is good the president was not up to no good with the Russians, but it’s still confusing to people. Why does he kiss up to Putin so much? Why does he want to meet with him by themselves? People are confused; well if it’s not that, what is it?”

Jones alleged Americans are also “heatbroken” the president will continue to “do stuff we can’t do and there’s no consequences.”

Jones and Lemon, a relentless critic of Trump, then contemplated why the president “tells so many lies.”

The Mueller report offers rapid anti-Trump Democrats and confused progressives an opportunity mourn the passing of the Russia collusion conspiracy, Jones said, and it’s time for Democrats to move on.

“Some of my Republican friends thinks Democrats are just purely partisan, just hate this president and want to do bad stuff to him. There are some people who feel that way, but there’s a bigger group of people that are just confused. Why does the president do these things when it comes to Russia? Why is he so mean? And why come there is no consequence?” he said.

“I think we have to give people a chance to be sad about that, and to grieve about that, but then Democrats got to get back to work on real issues because this whole thing is just taking up too much time.”

GOP strategist Alice Stewart, a former communications director for Sen. Ted Cruz, didn’t disagree with Jones’ assessment.

“I think Van hit the nail on the head, Democrats are so hell-bent on being anti-Trump they’re becoming anti-American,” she said.

Source: InfoWars

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MP mocked for suggesting all knives should be fitted with GPS trackers

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A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) in Beijing
A Chinese woman adjusts a Chinese national flag next to U.S. national flags before a Strategic Dialogue expanded meeting, part of the U.S.-China Strategic and Economic Dialogue (S&ED) held at the Diaoyutai State Guesthouse in Beijing, July 10, 2014. REUTERS/Ng Han Guan/Pool (CHINA – Tags: POLITICS BUSINESS)

April 26, 2019

By April Joyner

NEW YORK (Reuters) – Even as the lift from optimism over prospects for U.S.-China trade detente shows signs of wearing off for the wider U.S. stock market, upbeat sentiment around China’s economy could bolster shares of materials companies.

Shares of S&P 500 industrial and technology companies, which were buffeted by last year’s tit-for-tat tariffs as well as slowing global demand, have been very responsive to progress in U.S.-China trade relations and a strengthening Chinese economy. This year, those sectors have outpaced the ascent in the S&P 500, which reached a record closing high on Tuesday.

Materials stocks have not been as sensitive, however, even though they also stand to benefit as a stronger Chinese economy lifts global consumption and industrial output. As China has taken measures to stimulate its economy, its economic data have turned more upbeat. That in turn could aid global growth, which has flagged as a result of China’s cooldown.

“What we’re seeing is China spending more on stimulus: fiscal stimulus and monetary stimulus,” said Kristina Hooper, chief global market strategist at Invesco in New York. “That’s likely to be a positive for materials.”

The People’s Bank of China has cut banks’ reserve requirement ratio five times over the past year and is widely expected to ease policy further to spur lending and reduce borrowing costs. The stimulus appears to have boosted Chinese economic data, with factory activity growing in March for the first time in four months.

Yet so far in 2019, the S&P 500 materials index has underperformed the S&P 500 at large, rising just 11.9% compared with 16.7% for the benchmark index. Moreover, it is among the biggest decliners in the period since the S&P’s previous record closing level on Sept. 20. The materials index has fallen 7% over those seven months, versus a 5.2% gain for technology and a 3% loss for industrials. Only the energy index has dropped more over that period.

A trade agreement could serve as a catalyst for a bump in materials shares as a drag on China’s economy is lifted, some market strategists say. Some commodity prices, including those for copper and oil, have ascended this year as the prospects for the global economy have somewhat brightened.

“It all goes back to the global growth outlook,” said Andrea DiCenso, portfolio manager for alpha strategies at Loomis Sayles in Boston. “With the front run in hard data, we’re beginning to see a pretty significant rally.”

Additionally, a trade agreement is expected to include commitments from China to purchase higher quantities of U.S. products such as soybeans, which could benefit companies that make agricultural chemicals, including DowDuPont Inc and CF Industries Holdings Inc.

CF Industries is scheduled to report quarterly results after the bell on Wednesday, and DowDuPont is scheduled to report before the market open on Thursday.

To be sure, even with a trade agreement, some materials companies could face price pressures. Shares of Freeport-McMoRan Inc fell 10.1% on Thursday after the copper mining company posted a lower-than-expected profit as its production slipped and its costs rose.

A rollback of tariffs on Chinese imports, particularly aluminum and steel, would likely prompt a fall in some commodity prices, which could hurt prospects for certain materials companies, said Gene Goldman, chief investment officer at Cetera Investment Management in El Segundo, California.

Even so, those drawbacks may be outweighed by the support for global demand fostered by a U.S.-China trade agreement.

“You could see a number of companies with lowered expectations bring them back up as they talk favorably about the impact that a trade deal would have on them,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.

(Reporting by April Joyner; additional reporting by Sinéad Carew; editing by Jonathan Oatis)

Source: OANN

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Cyprus police on Friday widened their search for more victims of a suspected serial killer after the 35-year-old national guard captain told investigators he killed four more people that he previously admitted to on the small Mediterranean nation.

The count now has climbed to seven.

CYPRUS FEARS POSSIBLE SERIAL KILLER AFTER BODIES OF TWO WOMEN ARE DISCOVERED IN MINESHAFT

Authorities said they are focusing on a military firing range, a man-made lake and an abandoned mine about 20 miles west of the capital Nicosia.

Cypriot President Nicos Anastasiades expressed “deep sorrow and concern” at the slayings and said he shared the public’s revulsion at “murders that appear to have selectively targeted foreign women who are in our country to work.”

“Such instincts are contrary to our culture’s traditions and values,” he said in a statement from China, where he was on an official visit. He urged calm so police can complete their investigation.

The scale of the alleged crimes by a Cypriot National Guard captain has horrified the small nation of over a million people, where multiple killings are rare. Five British law enforcement officials — including a coroner, a psychiatrist and investigators who specialize in multiple homicides — have been dispatched to help with the investigation.

On Thursday, the 35-year-old suspect, who can’t yet be named because he hasn’t been formally charged, told investigators that he had killed four more people than he had previously admitted to. Police said the suspect will appear in court Saturday for another custody hearing.

Cypriot investigators and police officers search a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week's discovery of the bodies in the abandoned mineshaft and the disappearance of the six-year-old daughter of one of the victims. 

Cypriot investigators and police officers search a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. Police on the east Mediterranean island nation, along with the help of the fire service, are conducting the search Monday in the wake of last week’s discovery of the bodies in the abandoned mineshaft and the disappearance of the six-year-old daughter of one of the victims.  (AP)

The victims — all foreigners— include Marry Rose Tiburcio, 38, from the Philippines, whose bound body was found April 14 in a flooded mineshaft. She and her six-year-old daughter had been missing since May of last year.

The girl remains missing and authorities believe she was also slain by the suspect. Divers have entered the reservoir to search for her but have not found her body yet.

CYPRUS: GROUND NOT YET READY FOR PEACE TALKS RESUMPTION 

Authorities tracked down the officer last week by scouring Tiburcio’s online messages.

Six days later, police discovered another body April 20 in the same mineshaft, identified by Cypriot media as 28-year-old Arian Palanas Lozano, also from the Philippines.

A third alleged victim, also of Filipino descent, is 31-year-old Maricar Valtez Arquiola, who had been missing since December 2017. The suspect initially denied killing Arquiola but reversed himself after a court hearing Thursday, a police official said.

The suspect on Thursday also pointed investigators to a military firing range, where they discovered another unidentified body, which according to the suspect belongs to a woman of either Nepalese or Indian descent.

SERIAL KILLER WHO MAY HAVE COMMITTED 90 MURDERS IS LINKED TO YET ANOTHER KILLING 

Cypriot police are also looking for a Romanian mother and daughter. Cypriot media identified them as Livia Florentina Bunea, 36, and eight-year-old Elena Natalia Bunea, who are believed to have been missing since September 2016.

The man-made lake remains off-limits to a manned search because of high levels of toxic heavy metals from the copper pyrite mine, Fire Service Chief Marcos Trangolas said, adding that authorities will use other means to scour the lake.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019.

Chief of Cypriot police Zacharias Chrysostomou, center, walks with Cypriot investigators and police officers at a flooded mineshaft where two female bodies were found, outside of Mitsero village, near the capital Nicosia, Cyprus, Monday, April 22, 2019. (AP Photo/Petros Karadjias)

Cyprus police have faced criticism from immigrant activists who said they didn’t act fast enough to investigate the whereabouts of some of the victims, many of them domestic workers. The island nation has 80 unsolved missing persons cases, going back to 1990.

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Police chief Zacharias Chrysostomou said a three-member panel has been assigned to probe whether police followed all the correct protocol in recent missing persons cases.

According to the state-run Cyprus News Agency, an investigator had told the court at an earlier hearing that the suspect admitted to killing one woman he met online after having sex with her.

The Associated Press contributed to this report. 

Source: Fox News World

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Venezuelan opposition lawmaker Gilber Caro is seen delivering a speech at a forum on human rights in Caracas
Venezuelan opposition lawmaker Gilber Caro is seen delivering a speech at a forum on human rights in Caracas, Venezuela June 12, 2018 in this still image taken from a video. REUTERS TV/ via REUTERS

April 26, 2019

CARACAS (Reuters) – Venezuela’s opposition-run National Assembly said on Friday that opposition lawmaker Gilber Caro was detained, which it described in a Twitter post as a violation of diplomatic immunity.

Caro had previously spend a year and a half in jail, before being freed in June 2018. The arrest comes as Juan Guaido, the National Assembly’s leader, mounts a challenge to President Nicolas Maduro, arguing his 2018 re-election was illegitimate. Guaido in January invoked the country’s constitution to assume an interim presidency.

(Reporting by Caracas newsroom; Editing by Chizu Nomiyama)

Source: OANN

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FILE PHOTO: Customers shop in a Sainsbury's store in Redhill
FILE PHOTO: Customers shop in a Sainsbury’s store in Redhill, Britain, March 27, 2018. REUTERS/Peter Nicholls/File Photo

April 26, 2019

By James Davey

LONDON (Reuters) – With Sainsbury’s dream of creating Britain’s biggest supermarket group in tatters, its chastened CEO Mike Coupe needs to reassure investors he has the plan to arrest a sales decline when he presents annual results next week.

Britain’s competition regulator blocked Sainsbury’s 7.3 billion pound ($9.4 billion) takeover of Walmart’s Asda on Thursday, saying the deal would increase prices. Sainsbury’s shares fell 5 percent and are down 22 percent over the last three months.

For Sainsbury’s fourth quarter to March 9 analysts are on average forecasting a 1.6 percent fall in like-for-like sales, which would follow 1.1 percent decline over the Christmas period.

Monthly industry data from researcher Kantar has also shown Sainsbury’s as the weakest performer of the big four grocers this year and this month it lost its status as Britain’s No. 2 supermarket group by market share to Asda.

While Sainsbury’s has struggled, market leader Tesco has gained momentum, this month reporting a 34 percent jump in full year profit.

Prohibition of the deal was a major blow to Coupe, its architect and Sainsbury’s boss since 2014.

Martin Scicluna became Sainsbury’s chairman last month and when bedded-in may decide that if the group needs a major shake-up it is best carried out by a new leader.

Much will depend on the attitude of 22 percent shareholder the Qatar Investment Authority, which has so far declined to comment, as well as Coupe’s own appetite to continue after 15 years at the group.

THE RIGHT STRATEGY?

Coupe said on Thursday he was confident Sainsbury’s was pursuing the right strategy.

That was a clear indication that Wednesday’s results statement will not include radical changes to the group’s plans, such as a big margin reset — sacrificing profit to drive sales.

However, sources connected to Sainsbury’s said Coupe would likely acknowledge that more needs to be done on prices, so the supermarket business can better compete with its big four rivals – Tesco, Asda and No. 4 Morrisons – as well as German-owned discounters Aldi and Lidl.

Coupe’s strategy is based on differentiating Sainsbury’s food offer, growing its general merchandise, clothing business and bank, while investing in convenience and online channels.

Some analysts believe major change is needed.

HSBC analyst David McCarthy reckons Sainsbury’s needs a margin reset, should allocate more space for core lines and needs to drive better store standards. He said Sainsbury’s might consider closing down space in some of its larger stores and reducing its non-food offer.

For the full 2018-19 year analysts are on average forecasting a pretax profit of 626 million pounds, up from 589 million pounds in 2017-18 – a second straight year of profit growth. A full year dividend of 10.5 pence per share is forecast versus 10.2 pence last time.

Bank and lawyer fees related to the proposed combination with Asda were 17 million pounds in the first half and have reportedly jumped to around 50 million pounds.

(Reporting by James Davey; Editing by Keith Weir)

Source: OANN

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Arizona Gov. Doug Ducey rejected demands from a secular group to remove posts on social media where he sent Easter greetings and cited a Bible verse, offering to provide copies of the Constitution to his critics.

Ducey, who’s a practicing Catholic, has been bombarded with calls from Secular Communities for Arizona to remove the post, which included a cross, a Bible verse, and the phrase, “He is risen.”

ARIZONA’S GOP GOVERNOR WAGING WAR AGAINST OCCUPATIONAL LICENSING LAWS

The group argued the posts crossed a line into government sponsorship of religious messages and was unconstitutional.

The governor fired back at the group, saying in a tweet that he will never remove the posts or other religious ones.

“We won’t be removing this post. Ever. Nor will we be removing our posts for Christmas, Hanukkah, Rosh Hashanah, Palm Sunday, Passover or any other religious holiday,” he tweeted. “We support the First Amendment, and are happy to provide copies of the Constitution to anyone who hasn’t read it.”

Dianne Post, an attorney for the secular group, told the Arizona Republic “elected officials should not use their government position and government property to promote their religious views.”

LICENSE REQUIRED TO REPAIR DOORS? REGS SPARK HEATED DEBATE IN ARIZONA

She added the courts have repeatedly “struck down symbolism that unites government with religion,” adding that Ducey’s office must “represent and protect the rights of all residents of Arizona, including those who do not believe in a monotheistic God or any gods at all.”

Many congratulated Ducey for not backing down amid the pressure, though some Facebook users sided with the secular group and criticized the governor on his original post.

“Why do you use a government platform to bring up your personal religion?” asked one person. “Are there no citizens in your jurisdiction that believe differently from you?”

Another stipulated that the post was somewhat discriminatory. “Great sensitivity, Doug. That’s the last time this Jew votes for you,” one person wrote.

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Ducey wished in a statement Arizonans last week a “blessed and joyful Easter and Passover weekend.”

The Associated Press contributed to this report.

Source: Fox News Politics

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