Archive for the ‘Isle of Man’ Category

Isle Of Man Banking Deposits Fall 6.4% In 2011

17 February 2012

The Isle of Man government has published a report on the territory's banking sector and its performance during 2011.

The report shows that total deposits decreased by some GBP2.27bn (4.6%) to GBP47bn in the final quarter of 2011. For the full year, deposits decreased at a lesser pace, by 6.4%, or GBP3.22bn. This represents a fall of GBP9.32bn in deposit value from the peak of December 2008 when deposits stood at GBP58.1bn.

There was a marked fall of GBP1bn in the value of corporate/trust/fiduciary deposits during the year, from GBP20.1bn to GBP19bn; retail deposits declined at a faster rate from GBP19.85bn to GBP18.1bn. Moderate declines were witnessed in group deposits.

The report shows that of a total of 33 banks present on the island, the majority of foreign institutions are UK-based banks, 16. There are a total of 4 Irish banking institutions, 2 Spanish, 2 South African, 2 Swiss, and one bank from France, Belgium, the Cayman Islands and the US operating in the Isle of Man. 2 banks present on the Isle of Man are domestic banks.

Banking sector assets, at GBP51.8bn, were predominantly denominated in the Pound Sterling, with GBP35.1bn, and GBP16.7bn in foreign currency.

37% of funds held by island banks were from Isle of Man-resident individuals and companies, 9% and 28%, respectively. 25% of funds deposited are from entities based in the United Kingdom; 3% from the Republic of Ireland; 5% from other EU countries; 9% from EEA countries; 2% from the Middle East; 3% from the Far East; and 4% from North America.

The banking sector is well capitalised according to the data, with all banks meeting or surpassing Minimum Risk Asset Ratios set by the regulator.

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Isle Of Man Banking Deposits Fall 6.4% In 2011

2012 Group Travel Guide Launched by Isle of Man Tourism

by Department of Economic Development

ISLE of Man Tourism has just published its latest handbook for group travel organisers, which provides a comprehensive guide to the diverse attractions of the Island for group visits. The Isle of Man Group Travel Guide Issue 2 is designed to demonstrate the tremendous value for money available to groups visiting the Isle of Man and covers travel to and transport around the Island, accommodation options, tours, attractions and eating out. 
 
Produced in a handy perfect-bound A5 format, the 92-page guide includes useful maps that pinpoint all the key points of interest within the Isle of Man’s main towns as well as showing approach roads and group drop-off points for the main visitor attractions.     
 
For ease of reference, the guide is divided into four sections, North, South, East and West,  in each case spotlighting that region’s main towns, attractions and tours. 
 
To cater for the growing interest in themed breaks, the 2012 Group Travel Guide also includes a section on the wide choice of specialist activities, tours and attractions available to group visitors.  These range from wildlife tours and specialist boat trips to see basking sharks and bottlenose dolphins to ghost tours and activities that include quad biking, sea kayaking and golfing.
 
As a shortcut to planning group trips, the guide features three full day and five half day  itineraries.  Each has been designed to focus on what makes a visit to the Isle of Man quite distinct from touring in the UK and to help group travel organisers make the most of the Island’s unique heritage and cultural attractions. 
 
For example, on one such itinerary, groups take a trip on the Manx Electric Railway from Douglas to Ramsey before rejoining their coach to go back in time at the Grove Rural Museum and Milntown.  The trip continues along part of the world famous TT course to Peel and its 11th century castle before returning to Douglas.
 
Details of 12 hotels suitable for larger group bookings are included in the Group Travel Guide and a full list of accommodation is available at http://www.visitisleofman.com.
With excellent local produce that includes award-winning Manx Queenies, smoked kippers and rare breed Loaghtan lamb, the guide also explains the Taste Isle of Man quality assurance scheme that signposts where groups will find the best home grown food on restaurant menus and supermarket shelves.  Group travel organisers are encouraged to get a copy of the free Taste Isle of Man Directory, available online at http://www.visitisleofman.com/taste or to pick up from the Welcome Centre at the Sea Terminal in Douglas. 
  
Mr Geoff Corkish, MBE, MHK, Member of the Department of Economic Development responsible for Tourism said:
 
‘Year round visits by groups are incredibly important to tourism on the Isle of Man, which means that the new Group Travel Guide will be a valuable tool in encouraging group travel organisers to consider arranging trips to the Island in the coming year. 
 
‘In these challenging times, we are keen to send out a message to the groups’ market that the Isle of Man is a great value destination on the doorstep of the UK and Ireland.’
 
As part of the drive to attract more groups to the Island, Isle of Man Tourism will be exhibiting on Stand E80 at Best of Britain & Ireland (BoBI), which takes place at the NEC, Birmingham on 14-15 March.  Copies of the Group Travel Guide will be available to stand visitors, where members of the Isle of Man Tourism team will be joined by six industry partners: Flybe, Isle of Man Steam Packet Company, Manx Heritage Railways, Manx National Heritage, Manx2.com and Premier Holidays. 
 
Copies of the Guide are available on request by calling Julie Colquitt on 01624 686888 or emailing traveltrade@gov.im.  It can also be downloaded from the official Isle of Man Tourism website at http://www.visitisleofman.com/groups.

-ENDS-

In Other Isle of Man News

If you'd like to send any information or news releases to us then please feel free to do so and we would be more than happy to consider sharing your news with the Isle of Man!

Send your Isle of Man news to:webmaster@manx.net

© Manx Telecom Ltd 2012

Manx Telecom Ltd, Isle of Man Business Park, Cooil Road, Braddan, Isle of Man IM99 1HX
Registered in the Isle of Man Reg no.5629V Vat Reg no GB 003-2919-12

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2012 Group Travel Guide Launched by Isle of Man Tourism

IBS Group Consolidates Full Control Over its IT Services Segment

RAMSEY, Isle of Man, February 16, 2012 /PRNewswire/ --

IBS Group has completed an acquisition of 14.09% shares in the IT services segment, consolidating its full control. IBS is a leading provider of IT Services in Russia, with 7% market share and a strategic focus on business application implementation, where it holds 18% of the market. Its core line of business is complex project implementation in IT services and IT consulting for major Russian and international corporations and the public sector, including 39 of TOP-50 Russian companies. The company builds and secures long-term customer relations based on its outstanding engineering background, innovation and deep industry expertise.

Commenting on the transaction, the Group's President Anatoly Karachinsky said: "Streamlined corporate structure and buy-out of a minority shareholder helps maximise the IT Services segment's return for shareholders, simplify planning and budgeting and further prioritise our business development strategies."

Dmitry Ivanov
Investor Relations Director
IBS Group
tel: +7-495-967-8000
fax: +7-495-967-8099
cel: +7-916-618-4034
dvivanov@ibs.ru
http://www.ibsgr.com

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IBS Group Consolidates Full Control Over its IT Services Segment

Films In Peel

by Films in Peel

Next film to be screened by Films in Peel at the Centenary Centre, on Wednesday 22nd February, is a film made on the Isle of Man - Albatross (cert 15A). This movie stars young British actress, Jessica Brown Findlay (recently of Downton Abbey fame). She plays Emelia, a rebellious, seductive teenager who finds a job at a guest house and befriends the daughter of the house. Emelia turns heads and quickly finds herself having an affair a little too close to home. Co-starring Felicity Jones, Sebastian Koch and Julia Ormond, this movie was almost entirely filmed on location on the Isle of Man. The scenery is breathtaking and shows our beautiful coastline at its best. Great film for location spotting!

Hilary Dugdale of Isle of Man Film will do a short introduction and tell the audience a little bit about the making of the film.

Tickets on sale at Celtic Gold in Peel at £4 (£3 conc.). Tickets are also on sale for films coming up: Young Hearts Run Free (cert 12) (Thurs 8th March), Tinker Tailor Soldier Spy (cert 15) (Wed 14th March) and Jane Eyre (cert PG13) (Wed 28th March). Tickets are also available on the door. Reservation tickets with a seat guarantee from Shakti Man (Ramsey), Mostly Manx (Douglas) and Thompson Travel (Port Erin). Film starts at 7:45pm. Refreshments and bar available from 7pm.

Films in Peel have also announced their April - June programme. The list includes multi-award winning film from Iran, A Separation (cert PG13), Irish comedy The Guard (cert 15) and acclaimed British movie My Week with Marilyn (cert 15).

For further information visit http://www.centenarycentre.com, http://www.facebook.com/filmsinpeel or join the Films in Peel mailing list: filmsinpeel@manx.net.

-ENDS-

In Other Isle of Man News

If you'd like to send any information or news releases to us then please feel free to do so and we would be more than happy to consider sharing your news with the Isle of Man!

Send your Isle of Man news to:webmaster@manx.net

© Manx Telecom Ltd 2012

Manx Telecom Ltd, Isle of Man Business Park, Cooil Road, Braddan, Isle of Man IM99 1HX
Registered in the Isle of Man Reg no.5629V Vat Reg no GB 003-2919-12

Go here to see the original:
Films In Peel

Cannon Technologies Helps Heywood – the Isle of Man Cloud Hosting Data Centre – Become The Host With The Most

Heywood, the most modern data centre on the Isle of Man - providing cloud hosting and managed servers to travel agents, banks, IT service providers, local councils, legal firms and media companies – has chosen state of the art cabinet, racking and cooling solutions from Cannon Technologies T4 Data Centre Solutions

(PRWEB UK) 15 February 2012

Since it first began operating in 2004, Wi-Manx has become one of the Isle of Man’s leading network, voice and hosting solutions provider. In order to continue its growth, the company decided to establish Heywood a state-of-the-art co-location data centre at its Heywood House headquarters using cabinet, racking and cooling solutions from Cannon Technologies.

The Isle of Man occupies a unique place in the British Isles and as corporation tax is charged at zero per cent, it makes an attractive proposition for businesses. Heywood owner Wi-Manx currently has customers as diverse as travel agents, banks, IT service providers, local councils, legal firms and media companies.

Work began on the new facility in mid-2010 and in charge of the project was Joe Hughes, Heywood’s chief technology officer. He explained, ‘We wanted a data centre that could provide a full range of solutions including cloud hosting, co-location, voice servers, security, load balancing and storage. To achieve this, a high-density and scalable containment solution was required and after carrying out extensive research we chose Cannon Technologies.’

Hughes and his team selected 64 ServerSmart cabinets and two CannonPatch cabling racks. The ServerSmart cabinets are available in a range of heights, widths and depths, with exceptional cooling ability for high power densities. ServerSmart’s doors also have the unique ability to open to 180º when bayed and 270º at end of bay or when used in a standalone formation.

A similarly high-density solution, the CannonPatch racks have substantial cable capacity and its cable management arms guide cables being fed from patch panels to the vertical cable trunking. Every bit of U space can be filled with patch panels and they can be used as a single patching frame or quickly bayed in multiples.

‘Cannon Technologies’ Aisle-Cocoon concept is a technically advanced solution that provides a system of overhead panels and end doors that effectively seal off the cold aisle,’ explained David Stickland, chief commercial officer at Heywood. ‘This ensures that the cold air emitted from the floor is sealed in a “cocoon” which is unaffected by hot exhaust air, while the cooling air can only exit through the equipment for which it is intended.’

In September 2011 the installation was completed and the facility was officially opened soon after. Joe Hughes concluded, ‘I’m absolutely delighted with the results and confident that the Heywood Datacentre is the most modern hosting facility of its kind. Cannon Technologies understood our requirements and their versatility, flexible approach, UK manufacturing base and desire to make sure their solution fitted with our overall design and vision of the data centre was instrumental to the success of the project.’

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Phil Turlte
phil.turtle@turtleconsulting.com
07867 780 676
Email Information

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Cannon Technologies Helps Heywood - the Isle of Man Cloud Hosting Data Centre - Become The Host With The Most