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Synthomer warns profit may fall

first_imgTuesday 28 October 2014 10:04 pm Caitlin Morrison whatsapp CHEMICAL maker Synthomer saw its share price tumble by almost six per cent yesterday, after issuing a £6.5m profit warning.The company stated that, at current run rates and “given the current demand environment in Europe”, the board “now expects full-year profit-before-tax to be slightly below current consensus”, at £87.8m. According to the firm, profit could now fall to around £81.3m. Synthomer stated: “We are cautious about performance in Europe given recent economic developments, and should this impact demand further than currently anticipated in the fourth quarter, then profit-before-tax is likely to be around the lower end of the current consensus range.”In its second quarter results, Synthomer reported firmer demand in its European and North America segment, particularly in construction. However, business volumes fell by three per cent during the last quarter. Show Comments ▼ whatsapp Synthomer warns profit may fall Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The Wrap Share Tags: Company Synthomerlast_img read more

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GetTaxi app launches £5 London rides starting tomorrow

first_img Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.com whatsapp Taxi app GetTaxi has announced a new initiative starting tomorrow where all rides starting in zones 3-6 booked through the app will cost just £5 if they are under 10km.The promotional “£5 London rides” will go on until the end of the year. The company, which works exclusively with London’s black cab drivers, added that any rides starting in zones 3-6 that go over the 10km limit will get a fixed price Remo Gerber, chief executive of GetTaxi UK, said:We believe by introducing these fantastic flat & fixed prices, consumers will see the huge benefits of taking Black Taxi’s over minicabs, plus all our drivers are fully licensed and undergo extensive CRB checks. It’s definitely the safest way to get around London this festive period.The move follows a similar GetTaxi scheme which proved wildly popular in New York, where customers hailing rides in Manhattan that last under an hour paid $10.GetTaxi is on something of a roll after announcing the closing of a $150m series D funding round two months ago. The four-year-old company that operates in 24 cities said it will use the additional funding to expand its services in the capital and all over Europe.In October, GetTaxi was named the most promising Israeli startup by Globes, and is profitable in 22 of the 24 in which it operates and is in second place behind Uber in terms of revenue. The world of taxi-apps saw another big announcement yesterday when Uber said it had partnered with Spotify to allow passengers to stream their playlists through their cabs’ soundsystems.  GetTaxi app launches £5 London rides starting tomorrow Share whatsapp Tuesday 18 November 2014 7:40 am Guy Bentley Tags: NULLlast_img read more

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Best of the Brokers for 15 December 2014

first_img Express KCS Show Comments ▼ Tags: NULL Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveHero WarsThis game will keep you up all night!Hero WarsMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldcenter_img Best of the Brokers for 15 December 2014 More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp Sunday 14 December 2014 11:05 pm To appear in Best of the Brokers, email your research to [email protected] upgraded its rating from “buy” to “add” following an interim statement which, stated the broker, “points to improved volume and margin guidance” and “shows that Bellway’s strong and early level of investment post downturn is feeding through to top-quartile returns”.WEIR GROUPCanaccord Genuity upgraded its rating from “hold” to “buy” and dropped its target price to 2,340p from 2,725p. The broker said the valuation of the firm “looks compelling” and added: “On a six- to 12-month view, we believe the risk/reward profile is heavily skewed to reward.”CLARKSONPanmure Gordon reiterated its “buy” rating following an update on the firm’s proposed acquisition of rival shipbroker Platou. Clarksons revealed last week that Ragnar Horn, current non-executive chairman of Platou, will no longer join the company board upon completion of the deal. last_img read more

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Dow drops in volatile session – New York Report

first_img Dow drops in volatile session – New York Report whatsapp Show Comments ▼ US STOCKS ended lower yesterday in a volatile session as oil prices extended their selloff, adding to worries about weak global demand.The Dow Jones industrial average fell 99.99 points, or 0.58 per cent, to 17,180.84, the S&P 500 lost 12.7 points, or 0.63 per cent, to 1,989.63 and the Nasdaq Composite dropped 48.44 points, or 1.04 per cent, to 4,605.16.The S&P 500 ended below its 50-day moving average in a sign of possible further selling.Utility and financial shares were also among the day’s biggest losers, with shares of JPMorgan Chase down 1.5 per cent at $59.16.Shares of pet supply retailer PetSmart rose 4.2 per cent to $80.97 after it agreed to be bought by a private equity consortium led by BC Partners for $8.7bn, in the largest leveraged buyout of the year. Share Tags: NULL Express KCS Monday 15 December 2014 8:22 pm whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

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Sony hack now a “serious national security matter”

first_img whatsapp Sony hack now a “serious national security matter” Billy Ehrenberg Tags: Cybercrime Sony The Cyber attack on Sony is a “serious national security matter”, according to the White House. The US’s top brass is now working out how to respond to threats and coercion that have led to blockbuster The Interview, which was stars Seth Rogen and James Franco, being cancelled in fear at cinemas across the United States.Despite the strong wording, Josh Earnest, a spokesperson for the White House, would not confirm rumours that the hackers were linked to renegade state North Korea. The state has praised the hack as a “righteous deed,” but has denied involvement. All Earnest would say was that whoever had carried out the attack had perpetrated a crime of sophisticated nature: There is evidence to indicate that we have seen destructive activity with malicious intent that was initiated by a sophisticated actor and it is being treated by investigative agencies, both at the FBI and the Department of Justice, as seriously as you would expect.The cancelling of The Interview will be a major blow for Sony, which could potentially cost the stricken giant $300m.  center_img Friday 19 December 2014 3:35 am whatsapp Show Comments ▼ Sharelast_img read more

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Supermarket wars: Tesco, Sainsbury’s and Morrisons feeling the pressure in one share price chart

first_imgThursday 8 January 2015 7:22 am whatsapp Show Comments ▼ whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Billy Ehrenberg Share Tesco’s share price is up today, and by a lot: 9.8 per cent at the time of writing. All in all, though, it’s been a bad past 12 months for supermarkets, with Tesco, Sainsbury’s and Morrisons share prices all sliding against the FTSE, which has itself dropped over the same period.Tesco’s story has been well documented, with profit warnings and a severe overstatement all dragging the share price down. But Tesco was not alone: Sainsbury’s reported its worst Christmas sales for 10 years, and Morrisons hasn’t had the best year either. In fact, the traditional big players, Asda, Sainsbury’s, Tesco and Morrisons, no longer dominate the market in the way they once did. Discount alternatives such as Aldi and Lidl have been putting on the pressure. Now, together with Iceland, they make up around 10.7 per cent of the grocery market, a 2.7 percentage point increase in the last two years. You can read more about the battle for market share here.The move towards budget alternatives has also affected revenues, as prices are forced down by the need to compete, and has led to some humorous conflicts between rivals:https://twitter.com/stevemyalleats/status/518327311486439424/photo/1It remains to be seen if Dave Lewis can turn Tesco around, but the market place has changed for mega-retailers where previously profits seemed on a never-ending climb.   Supermarket wars: Tesco, Sainsbury’s and Morrisons feeling the pressure in one share price chart Tags: Company Morrison (Wm) Supermarkets Sainsbury (J) Tescolast_img read more

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Halfords boss poached by Tesco: Matt Davies says he’s gutted to leave the firm

first_img Tags: Company Halfords Tesco Wednesday 21 January 2015 8:39 pm Share whatsapp Matt Davies, you can tell, is squirming in his seat at being asked about his new role at Tesco during a call for Halfords’ trading update. “I am genuinely gutted to be leaving Halfords,” Davies explains.“It was absolutely not in my script to be leaving. But when I was approached by Tesco and given the opportunity to run their business in the UK & Ireland and to work with Dave Lewis it was an opportunity I couldn’t miss.” The truth is that his departure is a huge blow for the bike-to-car parts retailer. The Manchester-born cycling enthusiast was hired in October 2012 to lead a turnaround of the tired chain after a torrid two years when it had issued nine profit warnings.  Davies was previously chief executive of Pets at Home, doubling the size of the dog food-to-pet grooming empire during his eight years at the helm and paving the way for its recent £1.2bn flotation. More than two years on, Halfords has seen a 70 per cent jump in its share price and an improvement in sales led by a revival in its cycling and car maintenance businesses.  In May 2013, Davies outlined a three-year plan to reach £1bn sales by 2016 but warned that profits would be flat for the next two years as it invested £100m in the business.  The plan, called Getting into Gear, has involved revamping stores with larger cycle areas selling clothing and accessories, investing in staff training, improving customer service and launching a new website. Halfords capitalised on the cycling boom following Britain’s successes in 2012 in the Tour De France and at the Olympics. The group bought Olympic champion Chris Boardman’s eponymous bike business last year and resurrected its Cycle Republic chain last month, five years after the last store closed its doors. Commenting on the progress made so far, Davies said: “I think there is still a lot to do but there is an awful lot we have achieved in the last two and a bit years from how we wanted to train our colleagues, to refreshing our stores and linking pay to capability.” In the third quarter of the year to 9 January, retail sales at stores open for more than a year rose 6.8 per cent, beating analyst forecasts. Car maintenance sales jumped 11 per cent in the Christmas period as Halfords’ fitting service for bulbs, batteries and wiper blades reached record levels, completing 100,000 jobs in a week for the first time. In cycling, children’s bikes were the top sellers, with sales up almost 14 per cent. Overall like-for-like cycle sales rose 7.6 per cent. Halfords is expected to post a full-year pre-tax profit of around £78m with sales close to £1bn. With three months left before he leaves to help turnaround another struggling retailer, Davies said:  “Halfords  has an incredibly powerful team and I am proud to have attracted some great people into the business.  I have every confidence that it will continue to go from strength to strength.” HALFORD’S TURNAROUND ■ Davies set out a 3-year plan to invest £100m and deliver £1bn sales by 2016.■ The plan included revamping 150-plus stores and giving more space to cycling.■ Spending £38m on IT infrastructure, revamping its website and improving its click and  collect offer. ■ Halfords launched a qualification programme called 3-Gears to help train some of its 12,000 staff.  by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online GameUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive Supplement Show Comments ▼ Express KCS whatsapp Halfords boss poached by Tesco: Matt Davies says he’s gutted to leave the firm last_img read more

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How London’s brutalist Centre Point tower is being turned into luxury flats with a view

first_img Tags: bridges and landmarks London buildings whatsapp Both reviled and admired, London’s Centre Point tower at the east end of Oxford Street has stirred controversy ever since it was first erected in 1966.A beehive of concrete and glass, its brutalist-style was regarded as an eyesore on the skyline and the fact that a building of its height (it is 117 metres tall) was granted planning permission was also unprecedented at the time. Its biggest sin was to lie empty for nearly a decade after its completion as the developer, property magnate Harry Hyams, held out to find a single tenant. Homeless protesters camped out at the tower in 1974, decrying it as “the concrete symbol of everything that is rotten about our society”. The Richard Seifert-designed building later won over critics, however, and it was given listed status in 1995, in part because it was symbolic of 1960s “swinging London”.  English Heritage paid homage to its “ingenious” use of pre-cast concrete panels to clad the building. The Royal Fine Art Commission went as far as to praise it for having “elegance worthy of a Wren steeple.” Kathrin Hersel is behind Centre Point’s revamp Almacantar’s Kathrin Hersel believes time has dispelled much of the initial prejudices: “This is often the case with art and I see architecture as part of art. Some things just need time to be loved.” Berlin-born Hersel is spearheading the redevelopment of the Grade II listed office tower, which is to be transformed into 82 luxury flats   with a public square surrounded by shops and restaurants at its base. The neighbouring Centre Point House will have 13 affordable homes.  The property company, led by former Land Securities executive Mike Hussey, kick-started work yesterday, with the makeover scheduled for completion in 2017 in time for the arrival of Crossrail at Tottenham Court Road and millions of new visitors. Hersel,  who joined Almacantar in 2012 from Land Securities where she worked with Hussey,  said its architects Conran and Partners and Rick Mather Architects will “reinterpret the sixties in a very modern way”. A “wrap” designed by British fashion house Eley Kishimoto will also go around the tower during the construction featuring sixties-style prints. The company plans to begin marketing the flats as soon as next week, with prices ranging from £1.8m for a one bedroom flat to as much as £55m for the five-bedroom duplex penthouse on the 33rd floor.  “We think that for what it is and where it is, it is a spectacular product,” Hersel said adding that the group hoped to attract UK-based buyers with no roadshows planned for overseas.  Commenting on London’s eclectic architecture,  Hersel said: “I love the relationship between old historic buildings, listed buildings and super modern buildings. I love that you can have a tower right next to a very historic building like the Tower of London.  It gives the skyline  such an edge – because it is so interesting to look at.”    Share whatsapp center_img Monday 26 January 2015 8:25 pm How London’s brutalist Centre Point tower is being turned into luxury flats with a view Show Comments ▼ Express KCS last_img read more

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Arsenal and Fulham fans have best reputation as Londoners vote down Chelsea and Millwall

first_img Express KCS Tags: NULL Arsenal and Fulham fans have best reputation as Londoners vote down Chelsea and Millwall whatsapp Arsenal fans are seen as the most gentle by Londoners followed closely by Fulham, a new poll shows.Polling company YouGov has released a survey examining how Londoners rate the fans of the capital’s top football clubs and it was fans of the Gooners who came out on top, followed by their south west rivals.  But Londoners were most likely to have a negative impression of Millwall fans. Almost half of those surveyed has a bad impression of Millwall fans compared to just seven per cent who had a positive impression. The hostility bet­ween West Ham and Millwall fans means the Met puts derbies between the two teams in the C category, indicating a greater risk of violence. Millwall fans are hardly alone in eliciting a bad public image. Chelsea fans trail their Millwall counterparts by just two per cent with 43 per cent having a poor impression of the club. “Chelsea fans have taken the spotlight, after the police launched an inquiry into reports of two incidents of racist behaviour, one on the Paris Metro and one on a train to Manchester,” says YouGov’s Will Dahlgreen. And Spurs? Another transitional season it seems, with 24 per cent having a favourable view. whatsapp Wednesday 4 March 2015 8:54 pm Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Sharelast_img read more

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Glencore posts disappointing output figures

first_imgTuesday 5 May 2015 8:44 pm Share whatsapp whatsapp SHARES in mining firm Glencore edged up by 0.54 per cent yesterday, despite a production report for the first quarter that analysts described as “mixed” at best and “disappointing” elsewhere.Production of its top earner, copper, was down nine per cent due to lower grades at two South American mines. Copper output was 350,700 tonnes in the first quarter, below most analysts’ forecasts. The fall was due to lower grades at the Alumbrera mine in Argentina and the Antamina mine in Peru, and to a maintenance shutdown at Collahuasi, in Chile. Glencore has a bigger exposure to base metals than iron ore compared with its large rivals, with a large commodity trading division in addition to its mining and oil assets.Bernstein analyst Paul Gait said the production figures were “disappointing”, noting that base metals and coal failed to meet expectations. Meanwhile, coal production rose four per cent in the first quarter to 35.6m tonnes, thanks to the commissioning of two new thermal coal projects in South Africa. However, a potential output cut at Glencore’s Optimum coal operation in South Africa is expected to have an impact later in 2015, the company said.Glencore, which is led by Ivan Glasenberg, was knocked back by rival mining firm Rio Tinto last summer, after making an offer to take over its larger competitor. Read This NextBest Wine Gifts & Wine Accessories at Every PriceGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap Show Comments ▼ Express KCS Glencore posts disappointing output figures Tags: NULLlast_img read more