Latest news with #RobertKing
Daily Mirror
3 days ago
- Business
- Daily Mirror
Parents missing out on official scheme that could save £2,000
Many parents are missing out on a scheme that could save up to £2,000 a year for each child, a payroll specialist says. Robert King, director of nanny payroll services at Nannywage Ltd, is encouraging parents to make use of the lesser-known facility. And he said it could save them hundreds on childcare costs this summer, reports Lancs Live. Robert said: "The Tax-free Childcare Scheme allows working parents to save up to £2,000 per child annually on approved childcare costs, with the savings capped at £500 every three months, or £1,000 for children with disabilities. "Over the summer holidays, parents can benefit significantly, as the scheme provides a government top-up of £2 for every £8 deposited into the account. This is a great way to manage rising childcare costs while keeping flexibility to withdraw unused funds if plans change." According to the director, it does not take long at all to sort. Robert said: "Families can apply online for Tax-free Childcare through the government website in just 20 minutes. Once the account is set up, parents can deposit money immediately and use it to pay for nurseries, childminders, summer activity clubs, and other approved providers. Any unused money can be withdrawn at any time." There are criteria to take part. To qualify, each parent must earn at least 16 hours per week at the National Minimum Wage or Living Wage, but no more than £100,000 annually. The scheme is not available to those receiving Tax Credits, Universal Credit, or childcare vouchers. For self-employed individuals or directors, proof of income, such as accountant statements, invoices, or bank statements, may be required to confirm eligibility. The scheme supports children aged 11 or under, or up to 16 if they have disabilities. Eligibility ends on September 1 following the child's 11th or 16th birthday, depending on their circumstances. It comes as a recent study has shown that 61% of parents feel the strain to overspend during the summer holidays, with 51% worried they won't be able to afford a holiday this year. The average weekly cost of childcare has risen by 11.41% since 2023.
Globe and Mail
16-05-2025
- Business
- Globe and Mail
Public market insider buying at Freehold Royalties (FRU)
Robert Alexander King, a Senior Officer, acquired 16,500 Common Shares on a direct ownership basis at a price of $12.310 on May 15th, 2025. This represents a $203,115 investment into the company's shares and an account share holdings change of 29.0%. Let the insiders guide you to opportunity at
Yahoo
15-05-2025
- Business
- Yahoo
Freehold Royalties Ltd (FRHLF) Q1 2025 Earnings Call Highlights: Record Production and ...
Production: 16,248 BOE/day in Q1, highest since inception in 1996. Funds from Operations: $16 million in the quarter, or $0.42 per share. Realized Pricing: $49.25 BOE in Canada, $72.64 BOE in the US. Leasing Revenue: $3.9 million from new leases in Canada and the US. Drilling Activity: Up 12% from Q4 2024 levels, with increased activity in US land base. Heavy Oil Production: Up 19% from Q1 a year ago. Gas Production: 25 million cubic feet/day or 4,100 BOE/day of Canadian gas exposure. Dividend Payout Ratio: Targeting 60% payout ratio. Dividend Coverage: Sustainable at approximately $50/barrel WTI. Warning! GuruFocus has detected 7 Warning Signs with FER. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Freehold Royalties Ltd (FRHLF) terminated its management agreement with Rife, simplifying governance and streamlining decision-making. The company achieved its highest production level since inception, with 16,248 BOE per day in Q1. Freehold Royalties Ltd (FRHLF) introduced a Normal Course Issuer Bid (NCIB) to provide flexibility in capital returns through share buybacks. The company reported a significant premium on US production pricing compared to Canada, driven by higher oil weighting and lower transportation costs. Freehold Royalties Ltd (FRHLF) experienced robust leasing activity in Q1, setting a new high watermark for US mineral title lands leasing revenue. There was a softening in wells drilled in Canada, particularly in the Viking area, compared to Q1 2024. The company anticipates episodic lease bonus revenue, indicating potential variability in future leasing income. Market volatility, influenced by external factors like geopolitical events, could impact future financial performance. The company is exposed to commodity price fluctuations, with a breakeven oil price of $50 per barrel WTI needed to cover costs and dividends. Despite strong licensing, there is uncertainty regarding operator activity levels post-breakup season in Canada. Q: Is this the first time that Freehold will have a Normal Course Issuer Bid (NCIB), and how are you planning to use it to optimize shareholder value? A: David Hendry, CFO, explained that this is indeed the first time Freehold has implemented an NCIB. It is currently in the process of being approved and is not yet active. The NCIB will provide optionality to realize shareholder value, and it will be used tactically when it makes sense, serving as an additional tool to benefit shareholders. Q: Are the lease bonus results in the US repeatable, and how should we think about these cohorts? A: Robert King, COO, noted that in Q1, Freehold signed 11 leases on US assets, primarily in the Permian, with significant revenue from a private E&P focusing on the Barnett formation. While the $3.3 million revenue is significant, future results may be episodic. However, with 80% of their US land being mineral rights, there is substantial opportunity for growth. Q: How should we think about the cost structure following the termination of the management agreement with Rife? A: David Spyker, CEO, stated that the cost impact is not material. The cost structure remains largely unchanged, with a minor one-time cost associated with separating infrastructure. The termination allows Freehold to have a dedicated staff focused solely on the company, which is seen as a positive step forward. Q: How should we think about the current wells being drilled in the Permian going forward? A: Robert King, COO, explained that the bulk of drilling in the Permian is still in the middle eight benches of their Midland assets. There is increased drilling in the deeper Barnett formation, which has shown significant success. Freehold's targeted acquisition strategy in the Permian has resulted in a land base where one-third has not yet had horizontal drilling, indicating significant future potential. Q: How much exposure does Freehold have to multilateral drilling in the Western Canada inventory Basin? A: David Spyker, CEO, highlighted that Freehold has significant exposure to multilateral drilling in heavy oil areas like Clearwater and Mannville Stack, as well as in Southeast Saskatchewan. The introduction of a royalty incentive for multilateral drilling in Saskatchewan has led to increased activity, with nearly 40% of wells drilled on Freehold's lands being multilaterals in 2024, almost doubling from previous years. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Politico
14-05-2025
- Health
- Politico
GOP lines up behind Medicaid overhaul
Presented by HCA Healthcare With Robert King and Ben Leonard Driving The Day LONG DAY'S JOURNEY — The Energy and Commerce Committee pulled an all-nighter debating the potential impacts of Republican proposals to change Medicaid, part of the GOP's domestic policy megabill, Ben and Robert report. Republicans defended their efforts as needed reforms to eliminate waste, fraud and abuse in a bloated program. Democrats said the proposals, which include work requirements, new limits on provider taxes and penalties for states that use the program to insure undocumented immigrants, would throw millions of vulnerable Americans off the rolls. The $625 billion in savings from most of the Medicaid provisions helps pay for the $4 trillion spending package that will extend President Donald Trump's tax cuts and fund other domestic policy priorities. But the bill's passage remains an open question as several conservative hardliners have complained it doesn't go far enough to cut government spending. Protests erupt: The day got off to a raucous start. As E&C Chair Brett Guthrie (R-Ky.) finished his opening statement, protests erupted throughout the room, with Capitol Police arresting 25 people and escorting out more as protesters chanted, 'No cuts to Medicaid.' Here's some of the committee debate: — Democrats cited a preliminary estimate they requested from the Congressional Budget Office that found more than 8.6 million people could lose insurance if the bill becomes law. 'Let me be clear — this is not a moderate bill, and it is not focused on cutting 'waste, fraud, and abuse.'' said ranking member Frank Pallone (D-N.J.). 'Instead, Republicans are intentionally taking health care away from millions of Americans so they can give giant tax breaks to the ultrarich who don't need them.' — Republicans countered that the changes are necessary to preserve Medicaid for those who need it, which includes people who are elderly or disabled. 'Medicaid was created to protect health care for Americans who otherwise could not support themselves, but Democrats expanded the program far beyond this core mission,' Guthrie said. 'That's why we are establishing common-sense work requirements for capable, but not working, adults in the expansion population.' — The bill is generating fierce pushback from hospital groups worried about losing Medicaid funding. However, more moderate Republicans are happy that Guthrie didn't include more drastic reforms, such as a cap on federal funding for Medicaid's expansion. WELCOME TO WEDNESDAY PULSE. I'm FDA reporter Lauren Gardner, filling in for your regular Pulse authors today. Have thoughts on the secretary's performance today on the Hill? Pass along your tips, scoops and feedback to lgardner@ khooper@ and ccirruzzo@ and follow along @Gardner_LM, @Kelhoops and @ChelseaCirruzzo. AROUND THE AGENCIES RIF REVERSAL — The Trump administration on Tuesday notified some of the thousands of recently fired public health workers that their reduction-in-force notices are 'hereby revoked,' which follows a weekslong outcry from lawmakers, unions and health experts, POLITICO's Alice Miranda Ollstein and Sophie Gardner report. The move, detailed in emails shared with POLITICO, reinstates employees at the National Institute for Occupational Safety and Health, a CDC office that lost more than 90 percent of its workforce as part of HHS's broader staff purge last month. It also comes a day before HHS Secretary Robert F. Kennedy Jr. is scheduled to testify before Congress. Employees who received the emails work for NIOSH teams that include the Respiratory Health Division, the Division of Safety Research, the Division of Compensation and Analysis Support, the National Personal Protective Technology Laboratory and part of the Division of Field Studies and Surveillance. The offices perform research and provide services to workers in high-risk fields like firefighting and coal mining. Most are based at NIOSH's Morgantown, West Virginia, facility, though some are headquartered at outposts in Cincinnati, Ohio. The Trump take: An HHS spokesperson declined to specify how many employees received similar notices, saying in a statement that the workers were rehired because the administration 'remains committed to supporting coal miners, who play a vital role in America's energy sector' and recognizes 'the courage and selflessness of firefighters, who embody the principle that public service is the highest calling.' The administration has defended the cuts as lawful 'streamlining,' but a judge deemed them likely unconstitutional on Friday and temporarily blocked them. The Department of Justice is appealing the decision. In Congress KENNEDY'S DOUBLEHEADER — HHS Secretary Robert F. Kennedy Jr. returns to the Capitol today for two hearings before House appropriators and the Senate's health panel. While ostensibly focused on the president's fiscal 2026 budget request for the department, expect lawmakers to press Kennedy on the myriad headlines his political and policy moves have generated since his swearing-in. In his statement for the House Appropriations hearing at 9:30 a.m., Kennedy will rehash already-released details of the department's restructuring and promise to work with members to realize those plans and improve how HHS delivers services. 'HHS will be prepared to share additional information with Congress in the coming weeks,' he'll say. HELPing hand: Meanwhile, public health experts hoping for the top Senate Republican on health policy to challenge Kennedy at the Health, Education, Labor and Pensions Committee's 1:30 p.m. hearing will likely be disappointed. Excerpts of Louisiana Republican Bill Cassidy's prepared remarks shared with Pulse emphasize the gastroenterologist's agreement with Kennedy on the need to overhaul programs and 'bloat' at HHS — and urge him to better explain how his proposed changes will help Americans. 'Much of the conversation around HHS's agenda has been set by anonymous sources in the media and individuals with a bias against the president,' Cassidy is expected to say. 'Americans need direct reassurance from the administration — from you, Mr. Secretary — that its reforms will make their lives easier, not harder. No 'fireworks' show? Indeed, people familiar with Cassidy and Kennedy's relationship told POLITICO's Carmen Paun and Adam Cancryn not to expect a public dressing-down of the secretary's vaccine rhetoric to date, such as his lukewarm endorsement of the MMR vaccine amid a nationwide outbreak. 'It's probably going to be really disappointing for people who want fireworks,' said one of those people, who noted the pair often talk several times a week. IN THE STATES CALIFORNIA TO TARGET PBMs — California Gov. Gavin Newsom will release a revised budget blueprint today outlining a sweeping regulatory proposal targeting pharmacy middlemen to help rein in the state's ballooning health care costs, POLITICO's Rachel Bluth writes. The proposal would impose new reporting and regulatory requirements on pharmacy benefit managers, the entities that negotiate drug prices among manufacturers, pharmacies and health plans. It would also expand California's ability to acquire name-brand drugs under CalRx, the state's prescription drug program. PBMs have become popular bipartisan bogeymen for federal and state lawmakers. In California, Newsom's plan isn't entirely new. His ideas mirror some that state Sen. Scott Wiener advanced last year in a bill that Newsom ultimately vetoed over its suggested licensing process. 'The Governor's announcement is a solid step toward ending the PBM abuses that are driving up drug costs,' Wiener said in a statement. Names in the News Conner Coles has joined AHIP as director of public affairs. Coles is a Biden HHS and State Department alum and previously worked in the press office of former Rep. Carolyn Maloney (D-N.Y.). WHAT WE'RE READING U.S. Capitol Police arrested 25 protesters who objected to proposed Medicaid cuts and disrupted Energy and Commerce's reconciliation markup on Tuesday, POLITICO's Ben Leonard and Hailey Fuchs report. NPR's Rob Stein examines the unknowns surrounding the Trump administration's recent announcement of a universal flu vaccine project.
Scottish Sun
09-05-2025
- Health
- Scottish Sun
Fat jabs will get Britain working again injecting BILLIONS into the economy by ‘slashing sick days', says Wes Streeting
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) FAT jabs could get Britain working again and inject billions of pounds into the economy every year, ministers believe. Health Secretary Wes Streeting said medicines such as Ozempic will slash sick days and benefit costs. 2 Fat jabs could get Britain working again and inject billions of pounds into the economy every year, ministers believe Credit: Getty 2 Health Secretary Wes Streeting said medicines such as Ozempic will slash sick days and benefit costs Credit: Getty A study estimates they could boost UK plc by £4.5billion a year — £1,127 for each of the four million eligible overweight people. Reducing workers' waistlines improves their employment chances and productivity on the job. Slim staff also take five fewer sick days per year, on average, and cost the state £64 less annually, research by consulting firm Lane Clark and Peacock found. Study author Robert King said: 'Even if you're getting a relatively small gain per person, it stacks up to a large impact at the population level.' The Government is already trialling their use on obese unemployed people in Manchester. Mr Streeting said: 'These drugs could have colossal clout in our fight to tackle obesity and get unemployed Brits back to work. 'Excess weight is currently weighing down on our economy. 'These drugs will support our shift from sickness to prevention and be a game-changer for millions.' He said the NHS will trial faster ways of rolling out the jabs, such as £830-a-year Ozempic, which now might take 12 years to get to all patients. The study, presented to the European Congress on Obesity, compared people's productivity before and after treatment. The Sun's Donna Richardson trials Kourtney Kardashian's Lemme GLP-1, a supplement that claims to reduce hunger in a similar way to Ozempic The European Association of the Study of Obesity's Prof Jason Halford said: 'This could significantly boost the UK economy.'
