England lack early intensity but pile points on Italy in second half

first_imgSunday Feb 15, 2015 England lack early intensity but pile points on Italy in second half Italy gave England an early scare after a Sergio Parisse try early on at Twickenham, but in the second half the hosts took control to come away with a 47-17 win. Coach Stuart Lancaster felt that the previous week’s match might have affected them. Engand beat Wales 21-16 in what was a hard-fought Test a week ago, so when asked if he thought this may have contributed to the slow start against Italy, Lancaster said it was possible.“It looked that way, without a doubt. It was a soft try we conceded first up, and it took until half-time [to improve]. I gave them a bit of a rev up and said: ‘Listen boys, we need to up the intensity’, and I thought we did that a little bit in the second half,” he said.They lost Mike Brown after a nasty collision in the 13th minute, but the head coach didn’t use that as an excuse for what was a fairly laboured first half.“I don’t think we can use that as a reason. I just think we were a little bit off, off the back of last week. We need to be better than that. Overall, if you had said to me at the start of the day that I would get 47 points, I would have taken it, if I’m being honest.“But I’m slightly disappointed we couldn’t do a bit better,” Lancaster added.Jonathan Joseph was on the scoresheet again, this time with a stunning run that split the Italian defence, and then an easy run in later in the match. England scored six tries on the day, but Joseph now has three from the two matches in this year’s Championship so far.“It is going great. It was great to get the win today,” the 23-year-old Bath man said. “We didn’t start too well, going down, but the boys showed great spirit to come back and get the win. I think defensively we weren’t disciplined enough at first. We weren’t smart, we weren’t streetwise and we allowed them to get on top of us.“But we sorted that out, got our systems into place it worked much better in the second half.”The win was convincing by the time the final whistle blew, but England will need to up the intensity if they are to stand a chance against a powerful Ireland side when they meet in Dublin in a fortnight.Was it a case of England being poor in the first half, or Italy upping their game? Which player impressed you most? Do you think Joseph is here to stay? Share your thoughts with us in the comments below. Register | Login View more Six Nations highlights and clips in our Video Hub ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error Six Nations 2015 Related Articles 325 WEEKS AGO Courtney Lawes lays into another unsuspecting… 325 WEEKS AGO England and France’s Twickenham thriller… 325 WEEKS AGO Ireland thump Scotland to set up second Championship… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life Reports30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Contrarian Wellcome Trust produces 18% return on investment

first_imgIn his report, Sir William Castell, chairman at the Wellcome Trust, said: “Danny Truell [the trust’s CIO] and his investment team continue to evolve our portfolio to ensure we have greater control of our destiny and that our long-term returns are driven more by the evolution of businesses than by short-term market fluctuations.”For example, over the past year, the trust – which does not invest in companies deriving a material turnover or profit from tobacco-related products –neither sold shares nor added any new holdings to its directly managed Mega Cap Basket of 31 holdings in large companies, valued at £3.4bn.Set up in late 2008, the basket has returned 55% on cost, the best performer being its £255m block of Marks & Spencer shares, which has returned 134%.A significant post-balance sheet development was the Twitter IPO, which resulted in a profit of $100m, from a stake of more than 1% in the company.A further $100m profit came from the sale of Wellcome’s stake in drug company Amplimmune to AstraZeneca.The report said market timing was an important tool for the fund.“Having significantly increased our exposure to public and private equity holdings in the period between 2008 and 2011, when many investors had become risk-averse, we have reaped the rewards in the last two years as they have again embraced risk assets,” it said.Equities in total account for 74.5% of the trust’s portfolio.The report added that, over the past decade, the trust had consistently managed to secure better returns than equity markets – 10% per annum versus 9% for global equities – while recording much lower levels of volatility.However, the largest contribution to equity performance came from the outperformance of strategies against their benchmarks.The report said: “The £612m internally managed Optionality Basket – which consists of companies whose operating performance and valuation appear to offer considerable upside potential given the underlying strength of their franchises – led the way, returning 47% and beating markets by 29%.”Turning to fixed income, the trust said: “Not owning bonds or commodities, which generally delivered negative or lacklustre returns, removed a potential drag on performance. Both nominal and real bond yields remain, in our opinion, too low as a consequence of financial repression, and we are unlikely to change our stance on bonds.”But it said investment opportunities might be more interesting in commodities.The real estate portfolio – 10.2% of assets – is made up 90% of residential property, which recorded another strong year.As for the immediate future, Wellcome expects asset returns to be weaker over the next five years – say in the high single digits – than they have been over the last five or 10 years.“Companies will continue to struggle to grow revenues, given the negative impact on the productivity of both labour and capital from continuing zero interest rate policies, which divert capital away from productive investment,” said the report, which also said equities now appear fairly valued.The report concluded: “Our response has been to concentrate our portfolio further to seek excess returns, which are driven by the success of individual assets, business models and partnerships over the long term rather than merely by market price movements.”More than 80% of the portfolio value is now concentrated in just under 100 directly held public or private assets or in external partnerships, each with a value exceeding $100m. The Wellcome Trust, the UK’s biggest charity, made a total return of 18% on its investment assets for the year to 30 September, thanks partly to counter-cyclical action in previous years, according to its annual report.Returns were £2.6bn (€3.1bn) on a portfolio worth £14.5bn at the start of the year, with investment assets now worth £16.4bn.The trust – whose main activity is funding medical research – said it had enjoyed positive returns from each major element of its portfolio – public equities, private equities, venture capital, hedge funds and property – over one, three, five and 10 years.All those asset classes recorded gains of between 15% and 20% over the past year.last_img read more

Forum discusses USC’s energy transition

first_imgUSC’s Beyond Coal Campaign provided a forum Monday with more than 100 faculty members, students, community members and political leaders in attendance to discuss the university’s transition to clean energy.Clean · More than 100 faculty, students, community members and political leaders attended the forum Monday to discuss clean energy. – Matthew Wunderlich | Daily Trojan Forty percent of the energy used by USC comes from two major coal plants outside the Los Angeles area, according to a handout produced by USC Beyond Coal Campaign. In 2009, Los Angeles Mayor Antonio Villaraigosa announced the city would stop its use of coal by the year 2020.“The commitment is still there, how quickly L.A. gets there is the issue,” said Romel Pascual, deputy mayor for Energy and the Environment.Jeffrey Richardson, president and CEO of Imani Energy, INC., said he regards USC as the leader in moving toward a carbon-free future.“Universities are the ones controlling a lot of land and energy,” Richardson said. “If the largest purchaser, USC, moves, everything will change.”To make Villaraigosa’s commitment to the city a reality, USC student-based organizations such as the Beyond Coal Campaign, are asking for the assistance and support of the administration.“Vice President [of Administration] Todd Dickey is on board with the campaign, but there is a difference between support and concrete steps,” said Henry Symons, a Beyond Coal organizer.Proposed plans for a carbon-free university entail the termination of USC’s dependence on coal as an energy source, with solar energy in its place, said Mark Bernstein, managing director of USC’s Energy Institute. Bernstein also estimates clean energy, such as solar energy, will help improve energy efficiency by 20 percent at USC. These are only proposed ideas, however, and nothing has been written yet.Bernstein suggests panels could be installed easily on all new, non-historic USC-owned buildings. The installation of solar power will in turn alleviate the university’s dependence on coal.“We are the institution for change, if we stop buying coal it can have a huge ripple affect,” said Valeria Pentelute, a freshman majoring in economics, and member of the USC Beyond Coal Campaign.Pentelute said the forum resulted in hope for a better, cleaner future.“I’m so thrilled by the turnout and discussion. We are moving towards progress and there are so many positive arguments to be made against coal,” said Pentelute.Tony Guan, a junior majoring in philosophy, politics and law, and a member of USC’s Beyond Coal Campaign, said nothing is in writing yet, but support for the transition has been garnered from the student body, faculty and administration. USC continues to wait on a steadfast commitment from administration to transition away from their heavy coal usage.The power ultimately lies within the ability of the student body to pressure administration for clean energy.“The key to make it happen is grassroots organization … [Students] are customers on campus,” said Michael Brune, executive director of the Sierra Club, an environmental group that aims to protect forests and wildlife areas.Symons said an early start is key.“The earlier we move, the more of a leader USC will be for L.A.,” Symons said.last_img read more