Kryon Berlin Tour & Seminar - Berlin, Germany, Sept 17-22 2019 (Kryon Channelling by Lee Carroll)

Kryon Berlin Tour & Seminar - Berlin, Germany, Sept 17-22 2019 (Kryon Channelling by Lee Carroll)
30th Anniversary of the Fall of the Berlin Wall

Council of Europe (CoE) - European Human Rights Court - founding fathers (1949)

Council of Europe (CoE) - European Human Rights Court - founding fathers (1949)
French National Assembly head Edouard Herriot and British Foreign minister Ernest Bevin surrounded by Italian, Luxembourg and other delegates at the first meeting of Council of Europe's Consultative Assembly in Strasbourg, August 1949 (AFP Photo)

EU founding fathers signed 'blank' Treaty of Rome (1957)

EU founding fathers signed 'blank' Treaty of Rome (1957)
The Treaty of Rome was signed in the Palazzo dei Conservatori, one of the Renaissance palaces that line the Michelangelo-designed Capitoline Square in the Italian capital

Shuttered: EU ditches summit 'family photo'

Shuttered: EU ditches summit 'family photo'
EU leaders pose for a family photo during the European Summit at the EU headquarters in Brussels on June 28, 2016 (AFP Photo/JOHN THYS)

European Political Community

European Political Community
Given a rather unclear agenda, the family photo looked set to become a highlight of the meeting bringing together EU leaders alongside those of Armenia, Azerbaijan, Britain, Kosovo, Switzerland and Turkey © Ludovic MARIN

Merkel says fall of Wall proves 'dreams can come true'

Merkel says fall of Wall proves 'dreams can come true'
"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013. They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)




"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Thursday, October 23, 2014

Tesco chairman resigns as profits error deepens

Yahoo – AFP, Ben Perry, 23 Oct 2014
The chairman of Tesco will resign after the British supermarket group was found
 to have overstated profits by £263 million ($422 million, 334 million euros) (AFP
Photo/Carl Court)

 London (AFP) - The chairman of Britain's biggest retailer Tesco resigned on Thursday as the troubled supermarket group said a huge accounting error began earlier than thought and contributed to plunging profits.

Chairman Richard Broadbent said he would be stepping down after an independent investigation found that Tesco had overstated profits by £263 million ($422 million, 334 million euros) as a result of accounting errors stretching back to before 2013.

"The board's immediate focus must be on ensuring that we complete the transition to a new management team and that new and far-reaching business plans are put in place quickly," Broadbent said in a statement that revealed Tesco's net profit had crashed to £6.0 million in its first half from £820 million one year earlier.

Tesco, the world's third biggest supermarket
 group, stunned investors one month ago
 when it revealed that its profit for the six
 months to August 23 was overstated by an
estimated £250 million (AFP Photo/Carl
Court)
Tesco, the world's third biggest supermarket group, stunned investors one month ago when it revealed that its profit for the six months to August 23 was overstated by an estimated £250 million.

Following an independent probe by accountants Deloitte, the final figure was put at £263 million, which includes overstatements of £70 million for Tesco's last financial year and £75 million relating to pre-2013/14.

"The issues that have come to light over recent weeks are a matter of profound regret," Broadbent added in the statement.

Tesco has suspended eight executives since recently-appointed chief executive Dave Lewis launched an inquiry into the accounting error that has triggered a separate probe by British regulator the Financial Conduct Authority.

Tesco's shock profits warning last month also sent its share price sliding and caused US billionaire investor Warren Buffett's investment company to cut its holdings in the group.

The group's share price was down 4.84 percent at 174.15 pence following the update and in early trading on London's benchmark FTSE 100 index, which had slid 1.24 percent to 6,320.20 points compared with Wednesday's close.

"Not only is the firm reporting a bigger accounting error than expected, but it is also not giving shareholders any indication of what it could report as a profit for its full year," said Joshua Raymond, chief market strategist at City Index traders.

'Challenging times'

While Tesco has been forced to massively adjust its reported earnings owing to an overstatement of income and an understatement of costs, the supermarket has in any case seen profits hit in recent times by increased competition in main market Britain.

In a bid to turn around its fortunes, the group in July appointed outsider and former Unilever executive Lewis to replace long-standing chief executive Philip Clarke.

"Our business is operating in challenging times," Lewis said in Thursday's statement.

"Trading conditions are tough and our underlying profitability is under pressure."

Tesco has struggled in recent years in Britain, as recession-weary shoppers have turned to German-owned discount retail groups Aldi and Lidl.

Tesco is the world's third-biggest
supermarket group after France's Carrefour
 and global leader, US retailer Wal-Mart
(AFP Photo/Paul Ellis)
Discount chains boomed during the downturn as consumers tightened their belts to save cash, and remain popular despite the economy's steady recovery this year.

Tesco's profits have been weighed down also by fierce competition from its traditional supermarket rivals comprising Wal-Mart division Asda, Sainsbury's and Morrisons.

"No great surprises in the Tesco results: we are faced with an extremely challenged UK business, an Irish operation that remains in freefall and a patchy performance in Central and Eastern Europe and Asia," said Bryan Roberts at consultants Kantar Retail.

"Naive hopes that the flamboyant accounting practices were limited to a six month period have been scotched, hinting at a systematic and long-term breach of standard practice."

Britain's biggest retailer has also suffered abroad in recent times, causing it to shut its failed US division Fresh & Easy and to exit from Japan over the past couple of years.

Tesco is the world's third-biggest supermarket group after France's Carrefour and global leader, US retailer Wal-Mart.
Related Articles:


Posted by at
Labels: , , ,

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Subscribe to: Post Comments (Atom)