Mario Mandzukic of Juventus in action during the Serie A match against Palermo at Stadio Renzo Barbera on September 24, 2016 in Palermo, Italy. Tullio M. Puglia / Getty Images
Mario Mandzukic of Juventus in action during the Serie A match against Palermo at Stadio Renzo Barbera on September 24, 2016 in Palermo, Italy. Tullio M. Puglia / Getty Images
Mario Mandzukic of Juventus in action during the Serie A match against Palermo at Stadio Renzo Barbera on September 24, 2016 in Palermo, Italy. Tullio M. Puglia / Getty Images
Mario Mandzukic of Juventus in action during the Serie A match against Palermo at Stadio Renzo Barbera on September 24, 2016 in Palermo, Italy. Tullio M. Puglia / Getty Images

Sport

Serie A results: Own goal hands Juventus 1-0 win at Palermo; Marek Hamsik on target in Napoli win

An own goal by Palermo’s Edoardo Goldaniga was enough to give Serie A leaders Juventus a 1-0 victory in Sicily on Saturday and remain one point clear of rivals Napoli, 2-0 winners over Chievo Verona.

Reuters

September 25, 2016

  • English
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ROME // An own goal by Palermo's Edoardo Goldaniga was enough to give Serie A leaders Juventus a 1-0 victory in Sicily on Saturday and remain one point clear of rivals Napoli, 2-0 winners over Chievo Verona.

Brazilian defender Dani Alves, who joined from Barcelona in the summer, fired in from 25 yards with the ball taking a wicked deflection off Goldaniga’s leg to hand champions Juve their fifth win in six league matches in a scrappy encounter.

• Serie A results: 'Good to get back on top' for Juventus as Higuain and Alves score

Juventus, who had crushed Cagliari 4-0 in midweek with Alves on target, struggled with a tight Palermo defence in the first half, with both Gonzalo Higuain and Mario Mandzukic failing to put them ahead with several good scoring chances.

Alves finally broke the deadlock four minutes after the restart with his deflected strike beating Palermo keeper Josip Posavec to put the visitors ahead and the effort awarded as an own goal by Goldaniga.

Mandzukic should have doubled their lead on two occasions late in the game but both times Croatian Posavec denied his fellow countryman.

The result marked the first time Palermo have lost their first three home games as Juve notched their ninth successive win over the Sicilians.

Juventus, who never hit top form, move up to 15 points.

Second-placed Napoli are on 14 after easing past Chievo with first-half goals from Manolo Gabbiadini and captain Marek Hamsik.

Napoli bounced back from their goalless midweek draw at Genoa but the visitors should have pulled a goal back in the 73rd minute when substitute Floro Flores only had keeper Pepe Reina to beat but stumbled and had the ball snatched away.

AS Roma, on 10 points, are in action in Torino on Sunday.

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Retail gloom

Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.

It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.

The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.

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Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
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  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
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  • Grade 1 = between grades F and G
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The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

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Price: Exact regional pricing TBA

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While you're here
Jigra
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Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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RESULT

RS Leipzig 3 

Marcel Sabitzer 10', 21'

Emil Forsberg 87'

Tottenham 0

 

Towering concerns
While you're here