An Bord Pleanala approve €20m Offaly retail project
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FULL planning permission has been granted for a €20m retail, cinema and restaurant complex on Church Road in Tullamore.
Tony Flanagan, the local man who heads up the development company hoping to build the Riverside centre, was told on Tuesday (May 11) that An Bord Pleanala had given the project the green light.
The planning decision opens the way for a major retailer to come to Tullamore after years of stagnation in the local market.
Mr Flanagan s company bought the site over four years ago and he drew up plans for a mixed-use development across five blocks up to three storeys high.
May 7, 2021
Public work is a different ballgame, but in the private sector, defined benefit pensions have largely been replaced by 401(k) plans. However, there’s still a massive amount of pension liabilities floating around in the market, and with mass retirement setting in, how those funds are managed can affect retirees everywhere – regardless of work history.
“There remains $1.8 trillion in assets in the largest 100 public companies’ pension plans, according to benefits consultant Milliman. Strong market returns have been a tailwind for pension plans, with the funded status of the programs at the best level (98.4%) since before the global financial crisis and up from 86.7% last March,” says Nationwide’s Mark Hackett.
May 4, 2021
May is here, and with the arrival of the fifth month of the year come jitters about the old “sell in May and go away” saying.
Indeed, May marks the arrival of what’s been a historically weaker six-month period for equities.
“’Sell in May and go away,’ is popular because the May-to-October period is historically the weakest six-month stretch of the year, though May has been positive in seven of the last eight years. Given that the 30% return over the past six months has been among the strongest on record, a pause in the rally would not be unexpected or unhealthy,” says Nationwide’s Mark Hackett.
Apple, the largest publicly traded company in the U.S., fell 3.5%. Google-parent Alphabet lost 1.6%, Facebook shed 1.3% and electric car maker Tesla dropped 1.7%. Investors did not spare the market s chipmakers, with Nvidia and Intel losing 3.3% and 0.6%, respectively.
The Dow Jones Industrial Average ended the day in the green thanks to strong performance in Dow Inc and Caterpillar. The 30-stock benchmark closed 19.8 points, or 0.1%, higher to 34,133.03 after dropping more than 300 points at one point Tuesday.
Reasons for the downward pressure varied, but strategists cited a mix of concerns about rising inflation, fears the Federal Reserve may have to taper monetary stimulus earlier than telegraphed, and the potential for tax increases in the months ahead.
One Key Demographic Is Warming to the Stock Market April 27, 2021
Due in part to the expected multi-trillion dollar transfer of wealth from older generations to their heirs, millennials are one of the most pivotal investment demographics for advisors and issuers alike.
It appears as though millennials are again warming to equities in significant fashion following the March 2020 market swoon forced by the coronavirus pandemic.
“Millennials are also getting more comfortable with stock investing, but many continue harbor a strong aversion to risk,” says Nationwide’s Mark Hackett. “The wariness toward equities and market risk has deep roots for this generation, many of whom came of age or entered adulthood in the wake of the 2007-08 financial crisis. Now, the Millennial generation 72.1 million strong in 2019, making them the largest generational cohort in the U.S. is living through another significant crisis in the coronavirus pandemic.”