Variety’s ‘Young Star of the Year’ 2022 Announced

Variety’s Young Star of the Year Winner was announced in a poignant ceremony on Sunday 19th June. Deserving youngsters were recognised for their many commendable achievements and sixteen-year-old Abigail Ellis was crowned Variety’s Young Star of the Year 2022.

This year’s nominations were vast, with touching and triumphant stories from Jersey’s young community. Government House was the scene for an extraordinary ‘Wizard of Oz’ themed event and Liam Clements from Performers gave up his time to act as MC for the special ceremony.

The Awards acknowledged outstanding examples of courage, caring, creativity, skill and selflessness.

After winning the ‘Young Star in the Community’ category, Abigail Ellis was crowned the overall winner and credited for the amazing work she has carried out in Jersey to support the community.

Abigail is a senior Cadet in the Mountbatten unit of Jersey’s St John Ambulance Cadets and has already been a recipient of the Grand Prior’s Award – the highest award a Cadet can achieve which recognized the hard work Abigail had put in. She now holds the rank of Cadet Sergeant and assists the adult leaders with running the unit and supervising activities for the younger Cadets. In January 2022, Abigail was chosen as the Jersey Cadet of the Year 2022.

As well as her work with St John Ambulance, Abigail is the Chairperson of the Grands Vaux Young Members Committee and a senior Prefect at her school. She is also a young leader at St Mark’s Guide Unit and helps every year with the float for the St Saviour’s Battle of the Flowers Committee.

The judging panel this year consisted of Lady Anne Dalton, John Testori from Bambola Toymaster and Malcolm Lewis from Longueville Manor who said:

‘Young Star has always been a difficult event to judge as every one of these amazing youngsters is a winner. This year was no exception and we all felt very honoured to be part of this opportunity to recognise some of Jersey’s finest and most committed Young Stars.’

Alongside Abigail, many other young Islanders were recognised at the event in categories such as ‘Young Star of Courage’, ‘Community’, ‘Sports’ and ‘Arts and Academia’. Winners of each category were awarded £500 worth of Powerhouse vouchers, while finalists were awarded £100 worth of Powerhouse and Bambola vouchers.

This year Variety also decided to award a one-off Bravery award to recognise two young friends who had faced an incredibly frightening experience together. CJ Ballantyne (8) and Jace Renouf (7) were playing together when an altercation with another youth resulted in a knife being pulled. It was only the quick-thinking of Jace who pushed his friend out of the way that prevented a potentially serious incident.

Sandra Auckland, Chief Barker and Chairman for this event for Variety, The Children’s Charity of Jersey, said:

‘Every year I am more and more amazed by the young stars of Jersey. The nominations are always so poignant and inspirational. This year, every finalist has demonstrated strength, hard work and dedication that is well beyond their years. This event is so important, not only to recognise their past achievements but also to encourage their future aspirations. An event like this wouldn’t be possible without our sponsors. We are so grateful for their contributions, especially the Channel Islands Co-operative Society. I am also thankful to our judges, it’s always a difficult job because each story is so unique and moving.

I would also like to thank our sponsors Stage2, Slingshot Films and Performers who have given so much of their time to help create this wonderful event.’

UBS Investor Sentiment: Investors concerned about the war yet stay the course with their portfolios

Investors remain confident in their region’s economy and stock market, even though many expect prolonged and increased inflation

High-net-worth investors remain deeply concerned about the impact of the war in Ukraine on the global economy and rising inflation, according to the new quarterly Investor Sentiment survey from UBS, the world’s leading global wealth manager. The survey, which polled over 2,500 investors and 1,000 business owners across 14 markets globally, found that 92% of investors expect the war to increase inflation, with more than half believing inflation will last longer than 12 months.

According to half of investors surveyed, market volatility is higher than usual. Most investors foresee a negative economic impact from the war, with 66% expecting higher energy prices, 64% expecting more global instability and 60% concerned about increased cyber-attacks. However, investors aren’t adjusting their portfolios yet, but are poised to do so should the market decline further. Many are now more likely to consider buying gold, domestic stocks and oil, while technology and energy remain the most attractive sectors in the current market environment.

“Investors globally are clearly concerned about the personal and economic impacts of one of the largest humanitarian crises in decades,” said Iqbal Khan, President of UBS Europe, Middle East, and Africa and Co- President of UBS Global Wealth Management. “The long-term economic implications of the war in Ukraine are difficult to assess, but most investors remain optimistic on their outlook for the stock market and are confident in their well-diversified investment portfolio.”

The sources of concern for business owners increased this quarter with geopolitical instability joining rising material costs, tax increases, heightened regulations, and supply chain issues. As a result, confidence in their own businesses for the next 12 months declined 11 percentage points. The survey found business owners tempering their hiring and investment plans and are focusing on increasing their employee benefits, IT spending and upgrading talent.

“The impact of the war in Ukraine and rising inflation have forced business owners to again adapt to an unprecedented and unpredictable situation, after managing the effects of the pandemic on their business,” said Tom Naratil, President of UBS Americas, and Co-President of UBS Global Wealth Management. “In a tight labour market, business owners are working with their financial advisors on employee wellness offerings such as UBS’s Workplace Wealth Solutions, to bring greater value to their employees.”