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Wednesday, 25th November 2015

Business Awards 2015/16Dawn Meats has been named as a National Champion for Ireland in the European Business Awards sponsored by RSM. Pictured are H.E. Dominick Chilcott, British Ambassador to Ireland; Richard Clinton, Group Commercial Director, Dawn Meats; and Adrian Tripp, CEO of the European Business Awards.The European Business Awards, now in its 9th year, engaged with over 32,000 businesses from 33 European countries this year and 678 companies from across Europe have been named as National Champions; going through to the second phase of the competition.

Commenting on the nomination Richard Clinton said, "The team at Dawn Meats is honoured to be selected for the second time, representing Ireland as a National Champion in the Environmental and Corporate Sustainability category. The European Business Awards are widely recognised as

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Wednesday, 18th November 2015

in 5 infrastructure projects in Co. Waterford

Irish Water has provided updates on 5 investment projects in Waterford City and county, totalling €40 million, that are addressing historical issues with water and wastewater infrastructure. Speaking at a regional IBEC seminar taking place in Waterford, Ervia, Irish Water’s parent company outlined the key objectives of the recently published business plan for the utility that will bring Ireland’s national water infrastructure to an acceptable level by making significant investment and achieving greater efficiencies.

The Irish Water Business Plan will deliver a quality service to customers while addressing the constrained funding model and fragmented service delivery that has had such a damaging effect on Ireland’s water infrastructure over many decades.

The €40 million being invested in Waterford is part of a €5.5bn investment in capital spending on drinking water quality and capacity, wastewater quality and capacity

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Wednesday, 18th November 2015

John Smiles

Qualified Financial Advisor

How does Central Bank policy influence Yields?

Many people believe that longer-term interest rates will rise when a tightening policy by the Federal Reserve begins.

However, history shows that short and long-term rates do not move in lockstep.

There have been periods when the Fed aggressively lifted the fed funds target rate—the short-term rate controlled by the central bank—while longer-term rates did not change or "stubbornly" declined.

A good example is the Fed’s last campaign of policy tightening through the use of the fed funds target rate.

From 2004 to 2006, the Fed increased the rate by 4.25%, yet longer-term rates experienced a period of decline.

Alan Greenspan, Fed chairman at the time, referred to this phenomenon as a "conundrum".

When analysing the Fed’s impact on short-term rates, we must also consider the unprecedented action taken by the Fed since 2008—its massive issuance of

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Wednesday, 18th November 2015

Speaking ahead of the Chamber of Commerce Dinner in Waterford on Friday last in The Tower Hotel Fine Gael Waterford Minister Paudie Coffey said that;

"After many years of a difficult business environment in Waterford; it is now improving with jobs being created, tax credits for self-employed being introduced and taxes on work being reduced.

"The Chamber of Commerce throughout the economic downturn continued with positive engagement with all relevant stakeholders and helped to ensure that the business community survived the worst of the economic crash. Thankfully we are now exiting the economic emergency that gripped the country over the last number of years.

"In the last number of years there have been a series of positive jobs announcements and investments across Waterford City and County. These include investments in capital infrastructure like the flood defences, new fire station, dredging of Dunmore East

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Wednesday, 11th November 2015

Waterford based company, E. Flahavan & Sons Ltd., celebrating success at the Munster final of the Ulster Bank Business Achievers Awards. The Awards, which took place on 22 October at Silversprings Hotel, Cork saw seven other Leinster businesses selected as winners. The eight winners will now progress to the national final in December to compete with winners from Leinster, Connacht and Ulster.

A total of 676 companies entered this year’s Awards – including 111 Leinster businesses.

The winner of the Munster Food & Drink Award was E. Flahavan & Sons Ltd. E. Flahavan & Sons Ltd. has been milling oats at the family mill in Kilmacthomas, Co. Waterford for over 200 years. The original mill was used for the contract milling of oats for local farm growers and oat growers. In 1935 it was decided to expand the mill and to put

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Wednesday, 11th November 2015

Should I invest in Gold or Stocks?

The price of gold has rebounded in recent weeks from five year lows of $1,080 per ounce last July to around $1,170 per ounce now. Many investors are asking if there is scope for further growth.

Gold enjoyed a bull run from 2001 to 2012 and almost doubled in value in the two years following the banking crisis of 2008/2009, reaching its highest price of $1,920 in September 2011. The total growth of the metal was 332% over the period compared to a 4% total return for the FTSE 100.

Of course, equities were impacted during that time by the 'dotcom' bubble, 9/11 and the Lehman Brothers collapse of 2008.

Much of the increase in the value of gold was driven by a flight to safety by unnerved investors to hedge their positions and reduce their risk

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Wednesday, 11th November 2015

Excellent investment opportunity with excellent rental potential. Located in O’Connell St the heart of Waterford city centre, adjacent to the city Quays, Thomas Hill and Gladstone St. Nearby occupiers include The Granary, WIT School of Architecture, McLoughlins Pub, Leo Murphy Photography and HD Keane Solicitors.

The property has recently undergone some renovations, but some additional works still need completing. The building is set out currently with 5 x 1 bed apartments, 2 x 2 bed apartments and 1 bedsit.

Priced at just €145,000, this property makes an excellent opportunity for the discerning investor.

Viewings Strictly by appointment with Sole selling agents Sherry FitzGerald John Rohan.

BER Ratings vary from D1 – G. Certificates available on request.

For further information contact Sherry FitzGerald John Rohan, Manor House, Cork Road, Waterford. Tel: 051 – 843 880. W: http://www.sherryfitz.ie E: This email address is being

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Wednesday, 4th November 2015

An Taoiseach, Enda Kenny TD, has said that Fine Gael is determined to equalise the tax treatment of self-employed workers in Waterford, by 2018.

The Taoiseach was speaking at the launch of Fine Gael’s online tax calculator, which allows everyone who pays income tax or USC to see how they benefit from tax cuts introduced in Budget 2016.

Fine Gael Waterford Minister Paudie Coffey has said that the equalisation of the tax system is great news for all of the self-employed in Waterford.

“Following the introduction of the new €550 Earned Income Tax Credit in Budget 2016, it’s been confirmed today that Fine Gael will commit to completing the equalisation of the income tax system for the self-employed by 2018, by which time

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Wednesday, 4th November 2015

John Smiles

Qualified Financial Advisor

What is Volatility?

One element of risk, although not the whole story, is the volatility of an investment. Look at a world share market benchmark such as the MSCI World Index, in US dollar terms. In the 45 years from 1970 to 2014, the index registered annual gains of as high as 41.9% (in 1986) and losses of -40.7% (2008).

Over that full period, the index delivered an annualised rate of return of 8.9%. To earn that return, you had to remain fully invested, taking the unsettling down periods with the heartening up markets, but also rebalancing each year to return your desired asset allocation back to where you want it to be.

Timing your exit and entry successfully is a tough ask. Look at 2008, the year of the global financial crisis and the worst single year in our

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Wednesday, 4th November 2015

The pay and file season for Local Property Tax 2016 will be starting soon and Revenue is writing to approximately 755,000 residential property owners to give them the opportunity to decide how and when they want to pay their 2016 LPT.

Revenue will not be writing to property owners who have opted to pay LPT by direct debit or deduction from pay/pension or social welfare payment. These property owners don’t need to contact Revenue – their existing payment method will automatically roll over for 2016.

14 Local Authorities varied the rate for 2016 covering nearly one million properties. There is no need for those affected to contact Revenue – Revenue is making the changes automatically.

The range of payment options available means that property owners can choose when and how to pay LPT according to their own preferences and circumstances. Property owners can

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Letters to the Editor

  • OUR VIEW

    Women, equality, politics & powerThere is a tendency when a significant event happens to infer all sorts of wild and wonderful theories from it that are tenuous to say the very least. Such it is with the election of Theresa May as the second female Prime Minister in Britain. Her accomplishment is such that there have been all sort of articles and opinions expressed that somehow this is supposed to herald a new dawn for the potential achievements of women everywhere.There is a great achievement in …

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