LONDON (ShareCast) – JPMorgan Cazenove has recommended investors buy shares of Land Securities (LSE: LAND.L – news) , picking the stock out as one of its key ‘overweights’ in the UK property sector.
“The sell off in UK property stocks represents an opportunity and we would buy Land Securities, which offers 32% potential upside while trading at a 18% discount to T+1 NAV of 1,472p,” the bank said.
JPMorgan (LSE: JPIU.L – news) has kept a 1,600p target price for the shares; this incorporates 110p of profit from development but the bank said this could rise to 200p under its bull-case scenario.
Furthermore, after accounting for an increase in UK Gilt yields, it still sees upside potential in the stock.
“We also studied the last 37 times UK gilts have risen above 50 basis points and believe there is little to fear. In the 3 months before the gilt yield starts rising, UK property stocks ‘only’ underperform the FTSE 100 by 1%. In the 3 months after the gilt stabilises, UK property stocks outperform by 3.4%,” JPMorgan said.
Land Securities was trading 1.7% higher at 1,224p by 11:43 on Wednesday.
JPMorgan has also reiterated an ‘overweight’ rating on LondonMetric and Helical Bar (LSE: HLCL.L – news) .
Jennifer Vargas usually catches her husband in the act late at night. “After I’ve started the dishwasher, he’ll open it up and start rearranging everything,” says Ms. Vargas, a public-relations executive in Crestwood, N.Y. “It drives me crazy.”
Her husband, Levy Vargas, an operations director, says his stacking method gets better results. “Jen is more blasé, and I’m more agitated by incorrect loading,” he says. “If I don’t think it will come out clean, I’ll start moving stuff around.”
It should be simple: Pile used plates, bowls, coffee cups, glasses, forks, spoons and knives into the dishwasher and turn it on. Yet loading the dishwasher is one of the most contentious household chores. Not only is it the rare task often shared by multiple family members, but it is also done in the home’s most central room—the kitchen—where it can be scrutinized, debated and redone.
The stakes of how we load the dishes are higher than ever, appliance makers say. Energy-saving dishwashers use less water, and that heightens tensions about how much pre-rinsing is needed. People also argue about whether utensils should be loaded with handles up or down, which rack should hold plastic containers and how full the load should be.
“The dump and turn-on is not my approach. I’m much more orderly,” says Martha Stewart, lifestyle guru and chief creative officer of Martha Stewart Living Omnimedia Inc. She credits the longevity of many prized dishes and utensils to rules she has honed for loading the 17 dishwashers inside 21 kitchens across her properties.
“The don’ts are more important than the do’s,” Ms. Stewart says. Never put knives, pewter, wood, china, crystal, cast iron, nonstick pans or gold-plate flatware in the dishwasher, she says. She also doesn’t mix sterling or silver-plate flatware with stainless-steel because a reaction between the metals can damage both finishes.
Bosch says more than 40% of Americans fight about loading the dishwasher, with 61% of them arguing over whether to pre-rinse dishes. Some 39% of those who argue say they disagree on whether knives should point up or down, and 30% differ on whether plastic containers must go on the top rack.
“If ruining plastic containers has plagued your marriage, Bosch has the solution,” says a character called “Dalia, the dishwashing marriage counselor,” in an online video spoof by the company. Bosch dishwashers have a concealed heating element that keeps plastic from melting if it gets too close, the company says.
To end the war over utensil handles and whether they should point up or down, dishwasher makers increasingly offer models with a third rack on top, to keep similar utensils from nesting. The shallow rack has tines that hold forks, knives, spoons and large utensils laid out horizontally, instead of standing up vertically in a basket below.
The third rack frees up space to squeeze more into the lower two racks—a benefit that has a big emotional payoff for users, says Andrew Spanyer, General ElectricCo.GE-0.26% ’s dishwasher product manager.
GE defines different loading styles and makes sure each rack design can accommodate the range of methods. “Protectors,” for example, want to load utensils with the handle up, so that the eating end isn’t touched when unloading; “organizers” just want to load and unload everything as fast as possible, Mr. Spanyer says. GE’s dishwashers with a third rack enable “protectors” to have a dedicated home for utensils, but a traditional utensil basket on the lower rack is included, too, so “organizers” have the option to get it over with fast.
“Curators” are the most particular users, Mr. Spanyer says. “They will place all their tall plates together, even though they don’t have to,” he says.
Jessica Olstad, a public relations director in St. Paul, Minn., strives for perfection when she loads her family’s dishes and describes the end result as “liberating.” She places her white dinner plates together toward the front of the lower rack while pots and pans go in the back with handles pointing left—a little touch she knows has no effect on cleanliness. “That’s just aesthetics,” she says.
Ms. Olstad says her husband, Jay, probably doesn’t know she rearranges the dishes after he loads them. “As much as we communicate with each other, I don’t know if I’ve ever told him this before,” she says.
Many consumers have been loading dishwashers the same way since they were children, even though the appliance can do more than ever, companies say. Nowhere is this more evident than in the practice of pre-rinsing dishes before loading—which most appliance and soap makers don’t recommend.
Cascade, made by Procter & Gamble Co., warns against pre-washing, except for removing large pieces of food. Enzymes in Cascade detergent are designed to attach themselves to food particles. Without food, the enzymes have nothing to latch on to, P&G says.
Dishwashers in the Whirlpool line have a “TargetClean” option, where sensors read whether soil remains on dishes. Forty focused jets spray water on challenges like a casserole dish with baked-on food. “Don’t hand-wash anything, put everything in the dishwasher,” says Casey Tubman, WhirlpoolCorp.WHR-0.41% general manager for cleaning in North America. “You’ll run more water down the sink hand-washing than you will with a whole load of a dishwasher.”
Despite increasingly specialized washing cycles, Whirlpool estimates more than 70% of consumers still select the “normal” cycle every time. “With all the changes in water and energy usage that are taking place, consumers need to select different cycles depending on the types of dishes they’re doing and the type of clean they want,” says Lucinda Ottusch, a consumer scientist at Whirlpool’s Institute of Home Science.
Users who load especially dirty dishes on one side of a new Samsung dishwasher can choose the “Zone Booster” setting, which puts more water pressure in that area, says Amy Schmidt, Samsung’s assistant product marketing manager for kitchen solutions.
Samsung’s “Flex Glass Rack” aims to make people feel comfortable about washing delicate wine glasses. The small device holds stemmed wine glasses in place on the lower rack and diffuses the water stream to clean them gently.
To help ensure that dishwasher racks work with current tableware trends, Whirlpool’s Ms. Ottusch monitors the most popular items on bridal registries. Lately she has noted rising demand for soup tureens. Whirlpool’s namesake line and its KitchenAid brand have racks with adjustable heights to fit tall pilsner glasses, large beer steins, mason jars and small tapas plates, Whirlpool says.
Consumers who switched to square dinner plates didn’t require Bosch to change the dish-rack tines, but future adjustments are likely to suit the increasing use of 13-inch skillets, instead of 12-inch ones, says Stephanie Hutaff, director of product marketing for dish care at Bosch. “If we’re working on a dishwasher today it might not come out for two to three years, and by that time a new [tableware] trend might be the norm,” she says.
Despite years of coaching, Michael Keefe, a lawyer in Basking Ridge, N.J., says he hasn’t persuaded his wife and two daughters to embrace his precise way of loading the dishwasher, which includes alternating forks and spoons in the utensil basket to prevent them from sticking together, and placing similar dishes and glasses together so unloading is more efficient. “Now it ends up just being a one-person job—me,” he says.
Thanks to a collaboration between Thermo Fisher, Gladstone, the University of California, San Francisco (UCSF) and QB3, The Thermo Fisher Scientific Proteomics Facility for Disease Target Discovery has been officially opened at Gladstone Institutes. The main aim of this new facility in the proteomics research market is to focus on targeted research by utilising advanced mass spectrometry techniques.
“We know that human cells contain approximately 25,000 genes that instruct the synthesis of many thousands of proteins, but we understand the function of only a small subset of these,” said R. Sanders Williams, MD, president and Robert W. and Linda L. Mahley Distinguished Professor, Gladstone Institutes. “We are deeply grateful to Thermo Fisher for sponsoring this indispensable facility, which will not only illuminate how genes and proteins function but also shed light on the underlying biology of disease for each person.”
Many innovative technologies and devices will be available to scientists at this facility, such as the Orbitrap Fusion Tribrid and TSQ Quantiva Triple Quadrupole LC/MS systems. Through using these devices new proteomics research can be discovered and the relationship between genes and their proteins can be further researched. It is hoped that due to the high number and quality of collaborators that worked together to establish the facility at Gladstone Institutes, research can be undertaken that brings many disease breakthroughs.
Proteomics research market is moving away from the traditional protein profiling or so-called ‘shotgun’ methods, as this method is limited. Gel based proteomics are an exciting new method in the proteomics research market that has the ability to load many samples into the same gel, by using different dyes. However, this method also requires more time and labour and offers less reproducibility.
Capillary electrophoresis is another potential method that scientists are considering for proteomic biomarker discovery. This method allows for the efficient division of intact proteins and larger biological molecules, but the downside to this system is that there has been very little experience using this method, especially when compared to gel methods.
There are many other potential strategies that can be used in the proteomics research market, ranging from Data Independent Acquisition (DIA) methods, which offer very high coverage levels through the systematic fragmentation of peptides, to shotgun proteomics, which are disadvantaged by structured information being lost.
At first I thought the tweets might be fake, generated by Apple PR or a swarm of Twitter bots. But they were too numerous. Too varied. Too sincere.
And I when I started seeing the handles of people I follow on Twitter, I knew that they were real.
Check it out for yourself. Search Twitter for @Beats1 and dip anywhere into the stream.
I’m sure there are listeners out there who don’t like the kind of music that’s coming out Beats 1, the Internet radio station that launched today as part of Apple Music. But they’re not posting to @Beats1 on Twitter.
Here’s a random sample of the tweets I read seven hours into the show’s maiden broadcast:
@n8finn: There are no words to describe the power of @Beats1 – @zanelowe @oldmanebro @JulieAdenuga, the world’s #selectas!!!!
@ShockIsHere: Everyone on Twitter seems to be either high on @AppleMusic, @Beats1 or #WomensWorldCup. Keep up the happy youse guys.
Fairfield, Conn. – June 30, 2015 – The members of GE’s two largest unions have voted to approve new four-year national labor contracts with GE. Union officials informed GE that voting by members of the IUE-CWA and the United Electrical, Radio and Machine Workers of America (UE) was completed today, and that the national agreements have been ratified.
GE Vice President Greg Capito said, “This ‘yes’ vote is good news for GE, the unions, our employees and ultimately, our customers. We are gratified that our represented employees have solidly backed this contract that provides an excellent GE job package, while helping the company to continue to succeed.”
Union leaders and GE reached tentative agreements on the labor contracts on June 21st after three weeks of negotiations. The unions’ bargaining committees and Conference Boards then endorsed the contracts, and the contracts were thereafter approved by membership votes in IUE-CWA and UE locals.
Approximately 16,500 union-represented employees are covered by the approved contracts. The IUE-CWA represents about 9,300 GE employees and its labor agreement covers numerous GE locations including Louisville, KY (GE Appliances); Lynn, MA (GE Aviation); and Schenectady, NY (GE Power & Water). The UE represents about 3,480 employees and its labor agreement includes Erie, PA (GE Transportation) as its largest facility.
Terms of the new contracts have been offered to the UAW, IAM, IBEW and other unions that have local contracts with GE. Agreements have been ratified by many of these local units to date.
GE (NYSE: GE) imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world. www.ge.com.