Reckitt comes clean over millions of pounds of directors' share deals
Posted: October 8, 2012 at 10:21 pm
The chief executive of Reckitt Benckiser (LSE: RB.L - news) pledged millions of pounds of shares in the company to secure a personal loan more than two years ago without investors being told, it has emerged.
Rakesh Kapoor, who earned 736,000 last year, used shares currently worth 7.4m as collateral for a personal loan with Bank of America Merrill Lynch. More shares were added after the loan was taken out in June 2010, taking the total value of the shares to 8.7m at todays prices.
The position was only revealed to shareholders after the company consulted with the Financial Services Authority. Regulations make it clear the market must be informed if shares are used as collateral for loans.
The issue around shares and personal loans received huge publicity in 2008 when the entrepreneur David Ross was forced to step down from the boards of Carphone Warehouse and National Express over similar failings . The Tory party donor failed to make a timely disclosure of how 14.5m of shares in companies he was involved in were used as collateral for more than 100m of loans.
On Monday, Reckitt, which makes household products ranging from Dettol to Gaviscon and Vanish, said the situation had come to light after an internal review.
The company also disclosed that Freddy Caspers, a member of the companys executive committee, sold 200,000 shares in December 2008. The shares are worth 7.3m at todays prices.
Mr Caspars is in charge of Reckitts Latin American and Australasian business. As such he was a person discharging managerial responsibility (PDMR) and obliged to inform the market of all dealings in Reckitt shares.
The company declined to explain how the transaction was almost four years late being reported to the market.
In a statement it said: To ensure timely disclosure going forward for PDMRs the company has reviewed and updated its internal reporting process.
The issue will be particularly embarrassing for Reckitt as it has long been targeted over executive pay.
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Reckitt comes clean over millions of pounds of directors' share deals
A calorie chart for YOUR various activities
Posted: at 9:25 pm
Last updated on: October 8, 201215:38 IST
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How many calories do you burn by jogging for an hour, or swimming, or indulging in aerobics? Find out right here.
Your weight is determined by how many calories you consume per day, minus the calories you burn through activities. In order to lose weight, you either need to eat less calories or burn more of them through exercise and fitness. Imagine how much faster it would be to lose weight if you ate less calories and exercised at least thrice a week.
The number of calories that you burn in any activity or sport depends on your body weight and the intensity of your work out. Here we tried to give the values of calories burnt by various activities or sports per hour for an average adult weighing 70 kg.
If the person weighs more, the calories burnt are also more with the same duration of activity.
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A calorie chart for YOUR various activities
The Benefits of Yoga for Swimmers
Posted: at 9:24 pm
By Katie Arnold//High Performance Consultant
In March I wrote an article about incorporating certain types of dryland training to improve fitness and athleticism. After that article was posted, I received a lot of feedback and questions from both athletes and coaches. The most common of these questions was, What about yoga?
I dont know why I left yoga off the original list. As a swimmer in college, yoga was always part of my training, and even now I still do yoga 4-5 days per week. While the physical benefits of yoga have always attracted me to the practice, I have found that it is the mental benefits that I gain the most from.
It is no secret that swimming, and swimming fast, requires a number of different skills and attributes. Flexibility, core strength and focus are vital to optimal performance as a swimmer, and all three of these areas are addressed and improved through yoga.
Flexibility: The various postures and stretches practiced in yoga use a persons own body weight to strengthen and lengthen key muscle groups. Of note to swimmers is the added benefit of strengthening the muscles of the shoulders and back to counteract the common front-side imbalance seen in most swimmers. Additionally, many of the standing postures help improve ankle flexibility, which can be translated into improved kicking.
Core Strength: Most yoga postures require some sort of balance to achieve the desired position. This balance almost always comes from the core, and like swimming, yoga utilizes the entire core throughout the practice. The balance in the use of the front, side and back of the core helps with swimming connected through the body.
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The Benefits of Yoga for Swimmers
Riding the yoga trend
Posted: at 9:24 pm
WITH yoga increasing in popularity over the last decade, clothing and accessories have enjoyed a retail boom. The Internet carries a myriad addresses where you can buy your outfits. Even Victoria's Secret (www.victoriassecret.com) has a good collection of trendy yoga tops and bottoms for women. Super model Christy Turlington started her clothing label Nuala, which is carried on various websites.
Independent, public-listed brand Lululemon is one of the most coveted labels at the moment. The brand du jour has been seen on the likes of Sandra Bullock, Michelle Obama, Hillary Duff, Justin Timberlake and Jessica Biel. Lululemon was set up in 1998 and, today, it has stores across Canada, the US and Australia, and franchises all over the world. Even fashion houses such as Gucci have entered the fray with yoga mats and mat cases that have been seen carried by stars such as Jada Pinkett-Smith. Unfortunately, it is not sold locally.
In Singapore, most leading sports shops carry a line of yoga clothing as well as mats and bags. For more variety, it would be better to try the various yoga studios that carry a wide selection of brands. Colin Grant, CEO of the Pure Group, has confirmed that the company is on the verge of launching its very own line of yoga apparel. He says, "I have already seen the second round of samples. It will be a collection based on what our members like."
Apart from the clothes, the various yoga studios also carry yoga props and other accessories such as mats, straps, blocks and bolsters to help improve your practice. The Edge Singapore
This story appeared in The Edge Singapore on Aug 13, 2012.
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Riding the yoga trend
Yoga at Work May Relieve Stress & Back Pain
Posted: at 9:24 pm
If you're stressed at work, a little yoga on your lunch break might just help.
A new study from the United Kingdom suggests yoga done at work can reduce stress levels and lower back pain.
The study involved 74 British government workers ages 25 to 64 who said they experienced stress and back pain that was somewhat bothersome. Participants were randomly assigned to practice either eight weeks of yoga, or no yoga.
People in the yoga group took part in a 50-minute yoga class once a week, either at lunchtime or after work. They could also practice yoga at home twice a week for 20 minutes using a DVD.
All participants completed questionnaires designed to assess back pain, stress levels and overall well-being.
At the beginning of the study, 10 people in the yoga group and eight in the control group said they had back pain. At the end of the study, just four participants in the yoga group reported back pain, compared to 13 in the control group.
In addition, participants in the yoga group had reported lower levels of stress and less sadness at the study's end, compared with those in the control group.
The findings agree with previous research showing that yoga can reduce stress levels and back pain.
The researchers, from the Bangor University in North Wales, noted that the majority of participants were women, so the findings may not apply to men. Also, the benefits in the yoga group may have been influenced by the placebo effect the idea that a treatment is beneficial simply because patients believe it will work.
Future studies should examine whether yoga at work can reduce the number of sick days workers take, the researchers said.
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Yoga at Work May Relieve Stress & Back Pain
Fabulous Fitness: Getting Motivated To Be Healthy
Posted: at 7:24 am
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Fabulous Fitness: Getting Motivated To Be Healthy
Health and fitness in virginia – How to lose inches off your stomach fast – Video
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Health and fitness in virginia - How to lose inches off your stomach fast - Video
Council considers 'fitness' needs
Posted: at 7:24 am
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Dave Pedersen of the Great Plains Regional Medical Center board of directors would like a study of health and wellness opportunities in North Platte, and hopes the city council will lend a hand.
Pederson told the council Tuesday that public and private facilities could be enumerated and described, to see what is available and what is needed. The goal is not only to update the recreation center, which is 30 years old and in need of repair, but to see what all is available and what is needed.
Pederson told the Bulletin the idea began a couple years ago, when the board of directors of the medical center was thinking about upgrading the hospital.
In August, the board authorized a $100 million expansion of the hospital, but ruled out a fitness center component.
But informal talks have continued between officials at the city, hospital, schools, college, chamber of commerce, major employers such as Union Pacific and Wal-Mart, and smaller employers as well, Pederson told the Bulletin in mid-September.
One goal is to make improvements without trampling on existing fitness centers, Pederson said.
The study would figure out where the gaps are, he said. He would like the council to request proposals to study the fitness needs.
We need to find some way to take a comprehensive look at what have and find a way to coordinate the effort, to avoid duplication," he said.
Wed like to see what else we need out there, he has told the Bulletin. Wed like to think it would make North Platte more attractive if we have a greater focus on wellness and recreation.
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Council considers 'fitness' needs
TSM Reginald makes huge announcement – IPL Exclusive – Video
Posted: at 7:23 am
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TSM Reginald makes huge announcement - IPL Exclusive - Video
Five Changes Elite Mindset Mentoring for Business and Personal Success – Video
Posted: at 7:22 am
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Five Changes Elite Mindset Mentoring for Business and Personal Success - Video