Search

advertisement
Vita Group secures £43m funding for third Newcastle city centre student housing scheme
Commercial Property 2025-12-19 14:13:01

Vita Group secures £43m funding for third Newcastle city centre student housing scheme

A £43m funding package is driving forward a new student accommodation scheme in Newcastle. Puma Property Finance has announced it has given a the multimillion-pound loan to Vita Group to fund the development of its third student accommodation project in Newcastle. Vita Group is constructing the property on Leazes Park Road, having struck a deal for the site of former Barker and Stonehouse furniture store. Demolition teams have been busy clearing the site to make way for Vita Student Leazes Park, a 260-bed purpose build student scheme, after the luxury furnishing company moved out, having sold it for more than £5m. Puma Property Finance has announced it has given a the multimillion-pound loan to Vita Group to fund the development of its third student accommodation project in Newcastle, which sits close to the Newcastle University campus and Northumbria University’s main campus. New images have been released by the operator, showing how Vita Student Leazes Park will have amenities including a gym, bookable private dining and study rooms, a private landscaped courtyard and basketball court. Every bedroom will also have a high-quality fit-out, and floor to ceiling windows. Developers and operators Vita Student plan to have the new building ready for students to move in ahead of the September 2026 academic year. The scheme is Vita’s third student development in Newcastle, based close to its other sites in Strawberry Place and on Westgate Road, close to central station. The company’s first building in the city was launched around 10 years ago, when Vita Westgate was created on land once occupied by the former Westgate House, a building which was knocked down in 2007 following a campaign for its demolition. The neighbouring Norwich Union House was also taken down to make way for the new structure. The £43m deals marks the third scheme that Puma has partnered with Vita on, having previously given the business a £24m loan for a 269-bed development in Belfast in September 2022 and the December 2024 Edinburgh development. Max Bielby, chief operating officer for Vita Group, said: “This development in Newcastle marks our third in the city and we are delighted to be continuing to provide incoming students with high-class accommodation and facilities. We are looking forward to seeing this development come to life over the coming months in partnership with Puma.”

New lab space and trackless trams – the vision for Liverpool's £1bn Knowledge Quarter as it bids to attract science and tech firms to the city region
Commercial Property 2025-12-10 13:25:31

New lab space and trackless trams – the vision for Liverpool's £1bn Knowledge Quarter as it bids to attract science and tech firms to the city region

The team behind Liverpool’s billion-pound Knowledge Quarter redevelopment have vowed to develop more laboratory space to help attract and retain science businesses in the city region. KQ Liverpool has launched its latest masterplan for growth – including plans to to create more than a million sq ft of new laboratories and workspace. KQ Liverpool 2040 : A Blueprint for Growth says the area should aim to “create a range of inclusive innovation opportunities and inspire future generations” through encouraging the development of the region’s technology and science sectors. It also focuses on improving transport to the area, which stretches from Lime Street to the Paddington Village redevelopment zone with the landmark The Spine and Novotel towers, and includes the University of Liverpool and Liverpool John Moores University. Colin Sinclair, chief executive of KQ Liverpool, told BusinessLive that the area was already home to many successful companies, from start-ups such as MyCardium through to Unilever spin-out Elida Beauty, which has labs and other operations at Liverpool Science Park. Now, through developments such as the planned Hemisphere buildings at Paddington Village, KQ Liverpool aims to encourage more science and tech firms to the city. He said: “We do have some really big occupiers and we have fantastic research links with all of the big pharma and life sciences and chemicals companies. But what we want to do is to have more of those – their labs their R&D – in the knowledge quarter. And to do that, you have to build the space. “The Knowledge Quarter has a spin-out development company Sciontec, which bought, owns and runs the incredibly successful Liverpool Science Park. We're bringing Sensor City into our portfolio of innovation spaces, and also developing the new labs at Paddington Village. “What's critical about that lab development is we currently don't have any vacant lab space. All the labs at the science park fill up. If a customer grows and moves and expands and goes to somewhere else in the country, we lose them to Liverpool because we didn't have the expansion space here. “So Hemisphere One and then Hemisphere Two will have that lab space, not just bio labs, but chemistry labs as well, and space for companies working in AI and robotics. And that will be a big step forward in attracting those multinational companies.” The new strategy also suggested that “trackless trams” could be introduced to link the Knowledge Quarter area to the city centre. Last year, Liverpool city region’s metro mayor Steve Rotheram said he wanted to bring Glider trackless trams to the cit y, to connect areas not currently served by the rail network. The vehicles operate on roads but are designed to look and feel like trams. Mr Sinclair talked about the need for “last mile connectivity” – making it easier for people to get from Central and Lime Street to KQ Liverpool. That would also be useful to patients and visitors at the Clatterbridge Cancer Centre and the neighbouring new Royal Liverpool Hospital. KQ Liverpool’s latest promotional video included an image of the glider, which also appears on the new strategy’s promotional website. He said: "The partnership the Knowledge Quarter has with the city, the combined authority, the universities, our private sector partner Bruntwood SciTech and Legal & General... that gives us enormous weight when it comes to pushing for innovation. “The piece of innovation we most need now is that last mile transport connectivity. “The Metro Mayor has introduced the concept of glider buses, which are trackless trams. And we are working really hard to ensure that that last mile connectivity from Lime Street and Central to Paddington Village and the new hospitals is in place as soon as possible. “On a lovely sunny day with blue sky here – we have a beautiful city, and you don't mind walking back down the hill to the stations. But in the middle of January, when the rain is sideways, particularly if you're visiting the hospitals, you need that public transport. And so we are working really hard to bring that forward.” A Liverpool City Region Combined Authority spokesperson said:"Mayor Rotheram announced last year that the Combined Authority would be looking at how best to introduce new rapid transport links between key locations in the city region not currently served by the rail network. "We're committed to working closely with partners – including at Knowledge Quarter Liverpool – as potential plans move forward."

Dairy company that sells to Waitrose and Sainsbury's to create jobs after securing £750k
Finance 2025-12-18 16:27:53

Dairy company that sells to Waitrose and Sainsbury's to create jobs after securing £750k

A Somerset dairy business that sells to supermarkets including Waitrose and Sainsbury's is planning to boost production and create jobs after securing £750,000. Tom Parker Creamery has used the cash injection from the British Business Bank's South West Investment Fund to relocate to a larger facility. The funding will also provide additional working capital and support further product development, the company said. The Wincanton-based creamery, which was founded in 2018, produces free-range milk and cream from British grass-fed herds, including vitamin enriched whole milk and a flavoured milk range sold in glass bottles. It has won various awards including a Great Taste Award and Farm Shop & Deli Best Product accolade this year. Rob Yates, chief executive of Tom Parker Creamery, said: “With the current rise in awareness of ultra-processed foods, our range of award-winning products made with free-range British whole milk and natural ingredients mean we’re well positioned to satisfy consumer demands in this area. With this support, the investment enables us to deliver our ambitious plans and meet the rising demands from major retailers and consumers.” The deal with Tom Parker Creamery is the one hundredth in the region for the South West Investment Fund, which has invested £40m into new and growing businesses across the South West since its launch last year. The fund is part of the government-backed British Business Bank's £1.6bn suite of Nations and Regions Investment Funds (NRIF) which aim to boost the strength of the UK’s SME sector. NRIF offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5m. Jody Tableporter, director UK & Regional Funds at the British Business Bank, said: "We’re thrilled to see the South West Investment Fund make its 100th deal, delivering over £40m of investment since its launch last year. The volume of investments underscores the strength and ambition of growing businesses across the South West."

Average UK house price hit record high in October
Finance 2025-12-23 17:24:45

Average UK house price hit record high in October

The average UK house price hit a new high last month putting it just shy of £294,000, according to an index. House prices increased by 0.2% in October, the fourth monthly increase in a row, Halifax reported. The average house price was £293,999, surpassing a previous peak in June 2022. Property values increased by 3.9% annually, slowing from a 4.6% increase in September. Amanda Bryden, head of mortgages, Halifax, said: “Average UK house prices nudged up 0.2% in October, continuing the positive momentum of recent months. This brought the annual growth rate to 3.9%, slightly lower than in September. “The average property price has reached a record high of £293,999, surpassing the previous peak of £293,507 set in June 2022, towards the end of the pandemic-era ‘race for space’. That house prices have reached these heights again in the current economic climate may come as a surprise to many, but perhaps more noteworthy is that they didn’t fall very far in the first place. “Despite the headwind of higher interest rates, house prices have mostly levelled off over the past two and a half years, recording a 0.2% increase overall. That’s a significant slowdown compared to the 21% rise we saw in the equivalent period from January 2020 to the summer of 2022.” Ms Bryden continued: “Despite the affordability challenge, market activity has been improving. The number of new mortgages agreed recently reached its highest level in two years. This aligns with average mortgage rates dropping steadily since spring.” Borrowing constraints remain a challenge for many buyers, she said, adding: “New policies like higher stamp duty for second home buyers and a return to previous thresholds for first-time buyers might also affect demand. “While we expect house prices to keep growing, it will likely be at a modest pace for the rest of this year and into next. The potential for a slower pace of interest rate cuts won’t be the news homebuyers will want to hear, particularly as they must also contend with tax rises. Alice Haine, a personal finance analyst at Bestinvest by Evelyn Partners, an online investment service, said: “While the UK residential property market enjoyed a post-election resurgence over the summer as affordability concerns eased, the outlook from here is mixed.” She added: “Mortgage rates may not behave as people hope. Volatile swap rates in the wake of the Budget have been a cause for concern as they raise the risk of borrowing costs edging up.” Mark Harris, chief executive of mortgage broker SPF Private Clients, said: “The housing market has been significantly buoyed by lower mortgage rates, leading to more interest from prospective buyers and increased activity. “Since UK gilt yields rose in the immediate aftermath of the Budget, this has had an effect on swap rates which underpin the pricing of mortgages, providing an indicator as to where interest rates will be. “With the exception of a few lenders who purchased swaps before the Budget, mortgage pricing has edged upwards.” Guy Gittins, chief executive of estate agent Foxtons, said of the house price index: “A fourth consecutive month of positive growth demonstrates the current strength of the UK property market and now that the dust has settled on last week’s autumn Budget, the outlook continues to be very positive.” East Midlands, £242,189, 4.4% Eastern England, £333,741, 3.1% London, £543,308, 3.5% North East, £172,730, 4.0% North West, £235,587, 5.9% Northern Ireland, £204,242, 10.2% Scotland, £206,480, 1.9% South East, £387,587, 3.2% South West, £303,362, 3.3% Wales, £225,543, 5.6% West Midlands, £257,287, 4.7%

How Jack Sinclair Transformed Sprouts Farmers Market Through Leadership: In-Depth Case Study
Investment Focus 2025-12-21 11:31:09

How Jack Sinclair Transformed Sprouts Farmers Market Through Leadership: In-Depth Case Study

At Rule One Investing, we are convinced that exceptional leadership is the cornerstone of long-term investment success. An outstanding CEO is not just about achieving financial milestones; they embody integrity, have a proven track record, and possess a clear vision for the future. In the realm of business, leadership can either uplift or undermine a company. Jack Sinclair, CEO of Sprouts Farmers Market, exemplifies how integrity, vision, and experience can transform a struggling business into a prosperous one. His management approach and strategic emphasis on core values have established Sprouts Farmers Market as a frontrunner in the health-conscious grocery segment. The Significance of Integrity in Leadership Jack Sinclair is renowned for his steadfast integrity. In his communications with shareholders and during earnings calls, he exhibits openness and honesty regarding the company's performance. He openly discusses mistakes and areas for improvement, a level of transparency that is both rare and essential for fostering investor trust. For investors, Sinclair's integrity signals dependability. His forthright acknowledgment of setbacks reassures shareholders that he is dedicated to addressing challenges as well as celebrating achievements. This is a key attribute for a guardian of investor capital—a leader who values sustainable growth over superficial success. Operational Prowess: Jack Sinclair's Track Record Jack Sinclair's extensive experience in the grocery sector is a significant factor in his success at Sprouts Farmers Market. With over three decades of industry knowledge, including his tenure as Vice President of Walmart's grocery division, Sinclair brought a wealth of expertise to Sprouts when he joined in 2019. Upon his arrival at Sprouts Farmers Market, the company was grappling with maintaining its competitive advantage. Drawing from his experience at Walmart, renowned for its cost leadership, Sinclair recognized that competing directly with retail behemoths like Walmart was impractical. Instead, he steered Sprouts towards a differentiated strategy. Strategic Shift: Prioritizing Core Strengths Instead of following Walmart's focus on low pricing, Sinclair highlighted Sprouts' unique selling proposition: fresh, healthy food and specialized products. He reoriented the company's priorities to better cater to its core demographic—health-conscious consumers seeking high-quality, niche products. Under Sinclair's guidance, Sprouts has carved out a distinctive position in the grocery industry. This strategic shift has enabled the company to grow steadily while remaining true to its mission. By concentrating on its areas of expertise, Sprouts has become a leading name in the health-oriented grocery sector. Accolades and Achievements Sinclair's contributions were recognized in 2020 when he was named CEO of the Year by Grocery Dive. This accolade underscored his transformative influence on Sprouts Farmers Market. The article detailing his achievements highlighted how he refocused the company during a tumultuous period. He not only stabilized the business but also outlined a clear path for expansion. Sinclair's vision includes increasing the store count from approximately 400 to 800–1,000 locations over the next decade to two decades. This ambitious yet feasible plan reflects his adeptness at combining operational acumen with long-term strategic planning. Insights from Jack Sinclair's Leadership Jack Sinclair's narrative provides valuable lessons for investors and business leaders: Integrity Fosters Trust: A CEO who is candid about challenges instills confidence among shareholders. Capitalize on Your Strengths: Rather than imitating competitors, concentrate on what distinguishes your business. Vision for the Future: Sustainable growth necessitates a well-defined plan and the discipline to execute it. As Sinclair continues to guide Sprouts Farmers Market toward its objectives, his leadership serves as a case study in how authenticity and expertise can bolster both investor confidence and business prosperity. Closing Thoughts Jack Sinclair's tenure at Sprouts Farmers Market illustrates the impact of transformative leadership. By emphasizing transparency, leveraging his decades of experience, and focusing on a niche market, he has turned the company into a formidable competitor in the health-focused grocery arena. Investors seeking promising enterprises should take heed: a great company is built on the foundation of great leadership. Sinclair's vision for Sprouts Farmers Market reminds us that with

Plans revealed to transform an historic and empty Swansea city centre building
Commercial Property 2025-12-24 05:29:31

Plans revealed to transform an historic and empty Swansea city centre building

Plans to turn an historic and empty building in the centre of Swansea into a mixed-use scheme have been revealed. St Mary’s Square Developments has acquired the unoccupied Mond Buildings, supported by a six-figure loan arranged with the help of Swansea Council. The company is now working on creating plans for the building which stands at the corner of Union Street and Park Street. It is anticipated that the ground floor will be retained as commercial space with the uses of the other floors possibly including commercial and accommodation. The three-storey structure dates from 1911, is built of Portland stone in the Edwardian Baroque style and is grade two listed. Its architect was Swansea’s CT Ruthen. St Mary’s Square Developments director Peter Loosmore said: “I thank the council for their help in allowing me to acquire this stunning building. “As a Swansea business it’s great to have the opportunity to transform The Mond. It retains many unique features despite it having a variety of previous uses – and we plan to consider how best to use them in future. “We’re now working on creating a plan that’ll revitalise The Mond and bring it back into use.” Other city centre transformation work undertaken by Mr Loosmore includes the Kings Buildings, opposite the Dragon Hotel, and Market Lofts between The Kardomah and Oxford Street. Council leader Rob Stewart said: “We’re delighted to be helping in the process that’ll see another fantastic city centre building given a big future. “Future generations will benefit from the new uses of the Mond Buildings – just like they will at other heritage buildings successfully regenerated nearby, including the Albert Hall and Palace Theatre building. “The council-driven £1bn regeneration of Swansea continues at pace. Through 2025 there’ll be more exciting news on city centre schemes such as a greener, more welcoming Castle Square, the new community services hub Y Storfa and new-style office space 71/72 Kingsway.” Funding to support the acquisition of the Mond Buildings was made available via a Transforming Towns Loan issued by the council.

HSBC provides £20m to upgrade student accommodation schemes from PGIM Real Estate
Commercial Property 2025-12-16 20:28:55

HSBC provides £20m to upgrade student accommodation schemes from PGIM Real Estate

HSBC UK has provided £20m of finance for refurbishment work on six student accommodation sites across the UK, including one in Cardiff. The assets consist of six existing purpose-built student accommodation (PBSA) sites, totalling just under 3,000 beds. PGIM Real Estate acquired the assets from Unite last year in a deal also backed by HSBC UK. The rolling refurbishment programme will modernise each site. North Court in Cardiff will be the first to be refurbished followed by sites in Sheffield, Nottingham, Birmingham, Leicester and Liverpool. Kevin Dawson, relationship director at HSBC UK, said: “In a market which is dominated by brand new buildings, we recognised PGIM Real Estate’s innovative approach. We fully engaged with the PGIM team to develop a new financing approach for the sector that allowed the business the flexibility to acquire the portfolio and undertake the necessary works.” Moreover, Fusion Group is seeking a funding partner for four planned PBSA schemes in the UK, including one in Cardiff. It has appointed property advisory firm JLL, to market the investment opportunities, with the potential for a longer strategic relationship with Fusion to expand their collection of properties. The portfolio comprises four prime assets, which has yet to be built but have planning consent located in Birmingham (622 beds), Loughborough (541 beds), Glasgow (619 beds), and Cardiff (706 beds). Nigel Henry, chief executive of Fusion Group, said:“The launch of the next phase of developments, alongside our living sector operating platform, underscores our commitment to delivering a consistent experience from development to operations. "With these new projects, as well as our current developments set to open in September this year and 2026, we are expanding our portfolio to 6,000 beds under the Fusion brand and operating platform, with an assessment under management exceeding £1.3bn. Fusion emphasises design for positive living, and these latest strategic moves mean we can ensure that our communities continue to receive the same quality and attention that we put into designing and building them.” Huw Forrest, head of UK Student Housing at JLL, said, “We are delighted to be working with Fusion Group on this exciting new chapter in their journey and believe they will present a significant opportunity for investors to benefit from what Fusion do best; strong site selection,100% success on planning and developing highly attractive PBSA schemes that focus on the living experience. The portfolio offers investors the chance to acquire premium assets in prime university locations with strong supply-demand fundamentals.”

Cornish boatbuilder Cockwells to create 38 jobs after securing £1.8m
Finance 2025-12-25 06:08:58

Cornish boatbuilder Cockwells to create 38 jobs after securing £1.8m

Cornish boatbuilder Cockwells is set to create 38 new jobs over the next three years after securing a £1.88m investment. The Mylor Bridge-headquartered company will use the cash injection to expand its South West shipyard operation at Ponsharden, between Falmouth and Penryn. The funding has come from the Cornwall and Isles of Scilly Good Growth Programme, which is managed by Cornwall Council. Cockwells specialises in high-end custom yachts, superyacht tenders and motor launches, including the Duchy and Hardy brands. It employs more than 140 people and has a global customer base. The investment will be used to modernise its two fit-out halls at Ponsharden and will enable the business to manufacture its new Duchy 45 motor yacht on the site from this year. In total, the expansion is expected to double Cockwells’ annual spend with local suppliers to £3m. The improvements include upgraded workspace with reception, stores and offices, a new joinery shop and large-scale paint booth. Cockwells is also creating a training academy in partnership with the Cornwall Marine Network to boost industry skills in Cornwall and Scilly, building on its boatbuilding apprenticeship scheme launched last year. Cockwells’ founder Dave Cockwell said: “Good Growth investment means we can build more boats simultaneously and with a faster delivery time, opening up new markets for our Duchy and Hardy brands both in the UK and globally. We will be cutting our carbon footprint significantly and creating a more attractive working environment for our fast-growing team, while continuing to invest in nurturing new skills, talent and suppliers in Cornwall.” Last month, Pendennis Shipyard acquired a majority stake in Cockwells, cementing a history of collaboration with Cockwells providing bespoke tenders for Pendennis' superyachts. Cllr Louis Gardner, Cornwall Council portfolio holder for economy, said: “This is the latest direct investment by the Good Growth programme in a high-quality Cornish business that will boost productivity and create skilled jobs in an important sector. It will also generate considerable additional spending in the local supply chain, returning our investment many times over and contributing significantly to the local economy."

Penzance Dry Dock secures £2m towards major refurbishment
Finance 2026-01-06 13:38:09

Penzance Dry Dock secures £2m towards major refurbishment

Penzance Dry Dock will undergo a major refurbishment after securing £2m. The oldest operational tidal dry dock in Europe was acquired in 2021 by Jamie Murphy, a former Royal Navy marine engineer, after facing closure. Mr Murphy, whose grandfather worked at the dock for 45 years, is hoping to transform the facility from a repair business to a shipbuilding company, training up apprentices in the trade. He secured the cash injection from the Cornwall and Isles of Scilly Good Growth Programme towards a £4m upgrade of the business. The revamp includes an overhaul of the dry dock gates, which is already completed, and a new pumping system that can empty the dock of 4,500 cubic metres of water in an hour instead of six. There will be seven new cranes, including five gantry cranes inside, plus a 10-tonne jib crane outside and a 50-tonne Goliath crane rising 20m over the dry dock, transforming its capabilities. The carpenter’s workshop is also being replaced with a new building with staff toilets and showers, and a ‘clean room’ for conducting engine and gearbox overhauls. There will be new concrete floors across the entire site, with 130 piles to improve ground conditions. The workshops will become fully enclosed to reduce noise and the machine shop will have new CNC profiling machines. The refurb also includes a large project office, CAD drawing office, apprenticeship suite and new heating, drainage and double glazing. Mr Murphy said: "The Good Growth funding has been vital in enabling major capital investment right across the site which is going to be transformational for Penzance Dry Dock. "The more diverse and agile the facility is, the more we can deliver in the markets we want to be in, and I think we could easily employ more than 100 people. We want to attract more employment to the area while protecting the future of our industry here in West Cornwall." The dock recently secured its first Ministry of Defence contract in 28 years. The business is also eyeing other opportunities including the marine engineering requirements of building and maintaining the floating offshore windfarms planned for the Celtic Sea. This month a new intake of apprentices will join the business, and in January the dry dock will welcome the Scillonian III passenger ferry for its annual refit. The Cornwall and Isles of Scilly Good Growth Programme is a £137m local investment fund managed by Cornwall Council and funded by the Government’s UK Shared Prosperity Fund.

Lush to end largest charitable giving scheme
Finance 2025-12-24 22:05:40

Lush to end largest charitable giving scheme

Cosmetics retailer Lush is planning to end its main charitable giving stream at the end of the month. The announcement comes four months after the Poole-headquartered retailer posted a pre-tax loss of nearly £30m, despite achieving a turnover of more than £700m. Lush launched Charity Pot in 2007 with a target of £1m for grassroots groups working in the areas of animal protection, human rights and the environment. Over the past 17 years, Lush has distributed 17,000 grants worth millions of pounds. Funding has gone to a range of organisations including groups defending the human rights of refugees and displaced people globally; the LGBTQI+ community counteracting prejudice; anti-fracking groups; and non-profits addressing racial discrimination. Lush said that campaigning and charity products would not be disappearing from its business. "Following Lush reaching the significant milestone of over £100 million in donations, the business feels that this is the right time to reflect on charitable giving as a whole and assess the funding needed to meet the current challenges the world faces at this critical time," the company said in a statement. Lush said its biannual prizes would continue and it would also continue to support good causes. It is planning to raise money through product sales instead. The retailer is currently selling 'watermelon slice' soap in shops and online, with 100% of the profits going to childhood mental health services in Palestine. The business is also planning to launch ‘keystone products’, inspired by species that act as ecosystem engineers, regenerating habitats for other species. "Each keystone product will raise money for a project in a priority landscape around the world", Lush added. Lush operates in 51 countries and has manufacturing sites in six, according to latest accounts on Companies House. It also has 857 permanent shops, the financial data states, down from 886. In January, Lush was victim to a ransomware attack that temporarily shut down some of its internal computer functions in the UK and Ireland. The company has since been working with external security specialists to investigate the incident.

Leeds' Utc Travel receives £275k investment to grow online offer and create jobs
Finance 2025-12-10 08:18:48

Leeds' Utc Travel receives £275k investment to grow online offer and create jobs

A subscription-based travel club that offers members discounted holidays has landed £275,000 investment from Finance Yorkshire to grow its online platform. Leeds-based Utc Travel, which launched in 2021, will use the funding to add a multiple destination tool to its online system - giving members the opportunity to build holiday itineraries on their site. The money will also go towards recruitment at the firm's customer service centre and be used to establish an AI chatbot that will field questions from customers. Utc's model is membership based, meaning users pay £9 per month to access what are described as trade prices for hotels, holiday packages, transfers, attractions and car hire. The firm, led by chairman Stephen Knight and CEO Brett Norton, says customers can save up to 40% on prices at other online operators. Its specialism is providing for businesses that to offer perks to employs via its club membership. So far it has set up partnerships with John Lewis, the British Chamber of Commerce and DHL, as well as with other membership organisations. Utc chairman Stephen Knight said: "Our subscription membership model enables customers to book everything in one place with more flexibility, greater discounts with full customer service.” He added: "We value Finance Yorkshire’s partnership approach in that the investment comes with advice and expertise from its fund management team." Alex McWhirter, CEO of Finance Yorkshire, said: “Stephen and Brett have brought together a team of seasoned travel professionals to deliver an attractive proposition to consumers particularly via the employee benefit market. Our investment will support utc.travel ’s growth ambitions at a time when today’s keen travellers are seeking the best deals."

Myenergi and Grimsby Town Foundation reveal £30k 'mygrimsby' fund to support local work
Finance 2026-01-02 02:20:33

Myenergi and Grimsby Town Foundation reveal £30k 'mygrimsby' fund to support local work

Eco-tech firm myenergi and Grimsby Town Foundation have launched a £30,000 fund to give financial support to social, environmental and economic initiatives in North East Lincolnshire. The fund, which is split into six pots of £5,000, is intended to support programmes that may promote or address the interests of those in need, that protect the environment or promote development. Its organisers say it celebrates the hard work of individuals, businesses and charities across the area. The charitable initiative is now in its third successive year, and timed for the 2024/25 English Football League Two season, with six beneficiaries to be chosen. A launch event will take place at Grimsby Town Football Club on January 13, from which point applications are open until February 10. Jordan Brompton, co-founder and CMO of myenergi, said: "Since first launching the mygrimsby fund in 2022, we’ve helped a number of important local charities expand their services and drive an even greater social impact. Providing financial support to underfunded initiatives has helped to build a sense of collaboration in the local area, bringing people together and helping to grow the community feel. "We’re proud to support the organisations that are doing something truly inspirational to give back to the local community.” Mike Thompson, community director of Grimsby Town Foundation, added: “We are honoured to continue our partnership with myenergi as we embark on the third year of the mygrimsby fund. The Grimsby Town Foundation has always been committed to bringing our community together, providing vital support to those who need it most and collaborating with myenergi to promote and distribute these funds to the charities and community groups that need it the most is unbelievably fulfilling.

Achieving Financial Discipline through Mindful Practices
Investment Focus 2026-01-09 19:23:27

Achieving Financial Discipline through Mindful Practices

Many financial struggles stem not from low earnings, but from excessive spending. During my early investment days, I worked as a Grand Canyon river guide with a modest annual salary of $4000. Despite this, I managed to live comfortably for ten years, residing in my VW bus and occasionally on the floor of the Transcendental Meditation Center in Flagstaff during the coldest nights. While you may not wish to adopt my extreme thriftiness, it is feasible to live within your budget and even save for investments by mastering a few straightforward strategies. 1. Perfecting Expense Tracking To effectively manage your finances, it's crucial to understand where your money is spent. Instead of the laborious task of budgeting and tracking every penny, consider a more intuitive approach that's as delightful as a summer day. Gather several envelopes and a black marker. Label each envelope with a spending category, such as "fuel," "dining out," or "groceries." After receiving your paycheck, allocate a portion of cash to each envelope based on your anticipated expenses for that period. If you plan to spend $200 on fuel, place that amount in the "fuel" envelope. Continue this process until you've either run out of envelopes or cash. If you find empty envelopes before your cash runs out, rearrange the funds to cover your essentials. Spend only the cash from the designated envelopes, avoiding credit cards and other payment methods. If the "groceries" envelope is empty, it's time to get creative with your meals. By following this method for a few pay periods, you'll gain insight into your spending habits and identify areas where you can reduce expenses. 2. Curbing Impulsive Spending I must admit, I have a tendency for impulsive purchases. However, when funds are limited, such as in my early days, this habit is naturally subdued. To control your impulses, question the necessity of any purchase over $50. Consider its impact on your life and whether it's worth the cost. Apply this discipline especially to food purchases. You may find that not only do you spend less, but you also eat healthier, potentially even losing weight in the process. Ask yourself: How long will the item last? Will it put you in debt? Is the value it provides over time worth the expense? 3. Credit Card Usage: Paying in Full Each Month Credit cards are not inherently bad, but they often represent a trade-off between discipline and convenience, which is usually not a favorable exchange. As you work on financial discipline, keep those cards in your wallet and use cash for your transactions. If you must use a credit card, ensure you pay off the balance in full each month. This practice will help you track your spending without incurring interest charges, effectively making it similar to paying with cash. 4. Dropping the Desire to Impress Let go of the desire to impress others; no one is truly concerned with your choices. People are more focused on their own image and what others think of them. Embrace individuality and avoid the common trap of spending to maintain a certain image. This often leads to unnecessary expenses on cars, clothing, and other superficial items. I've always been good at this; I didn't care about impressing others. My possessions were minimal, and I focused on buying what I truly enjoyed rather than what others might think. 5. Identifying and Eliminating Budget-Draining Habits Living on a shoestring budget for over a decade taught me the importance of avoiding bad spending habits. If you have any, it's a sign that you likely have more money than necessary. Examine your habits for leaks in your

Builders' merchant MKM Supplies expands with new branch at Central Park in Bridgend
Commercial Property 2026-01-06 03:52:11

Builders' merchant MKM Supplies expands with new branch at Central Park in Bridgend

Central Park in Bridgend has been boosted with another key letting. Independent builders' merchant MKM Supplies has opened a new 20,000 sq ft branch at the Robert Hitchins developed park under a 25-year leasing agreement. The 355,000 sq ft park provides a mixture of trade and industrial warehousing properties ranging from 2,500 sq ft to 40.000 sq ft. Other tenants include Evri, PCI, Plumbase, Edmundson Electrical, Markes International and Pensord Press. Development opportunities exist for a further range of commercial buildings from 10,000 sq ft to up to 145,000 sq ft. The new branch, which has created 18 jobs, is MKM Supplies’ 132nd in the UK. Its other outlets in Wales include those in Cardiff, Llandudno and Ruthin. A further branch in Bangor due to open later this month. Branch director Jonathan Thomas said: “We’re bringing something new to Bridgend - a one-stop shop for builders, tradespeople and the public.” John Jones, senior asset and development manager at Robert Hitchins, said: “Our commitment to delivering employment-generating development in Bridgend and South Wales continues and we are proud to be investing further with commercial premises which are best-in-class,” he said. Robert Hitchins has developed Central Park over several phases since it acquired the former Kimball Electronics plant in 2006. A scheme of 16 trade counter units amounting to 51,000 sq ft was developed in 2008, followed by a 13,500 sq ft trade counter scheme in 2012, a 40,000 sq ft facility for PCI Pharma Services in 2017, and an 82,000 sq ft industrial warehouse for parcel giant Evri last year. The new building from MKM, brings Robert Hitchins’ investment in Central Park to more than £25m. Mr Jones estimated that there are currently more than 500 jobs associated with Central Park. He added: “We are proud to be investing for the long term in Bridgend by self-funding the development of high-quality buildings which has become increasingly rare in the commercial property market due to rising build costs and other factors.” The builders of the MKM unit were EG Carter & Co.

Construction firm named to deliver new headquarters building for Cardiff Council
Commercial Property 2025-12-17 16:43:48

Construction firm named to deliver new headquarters building for Cardiff Council

German-owned construction group Goldbeck has been chosen to build a new 100,000 sq ft headquarters for Cardiff Council in Cardiff Bay. The new HQ is scheduled to open around the same time as the 15,000-seater indoor arena - subject to financial close this spring - in 2027. Both schemes form part of the wider Atlantic Wharf 30-acre mixed-use regeneration scheme, with plans for leisure, restaurant and hotel developments, as well as office and residential. Goldbeck UK has entering into a pre-contract service agreement (PCSA) with the council - which will finalise the cost and design of the building - before entering into a development agreement later this year. The project will be the biggest undertaken by Goldbeck’s UK subsidiary. It will finance its construction through its group investment company Indigo. On completion Cardiff Council, using its long-term borrowing powers with the Treasury’s Public Works Loans Board (PWLB), will acquire the building. The council’s cost, while yet to be finalised, will be around £60m. The payment of interest and capital on its PWLB borrowing will partly be covered from savings generating by operating a smaller and more energy efficient building that its current 270,000 sq ft County Hall building. The existing building will be demolished with the land freed up for mainly residential development at Atlantic Wharf. The building will also provide new studio and production facilities for the Wales Millennium Centre to help training and developing talent in the performing arts. It will arranged its own funding mechanism for ownership post construction. Craig Davies, managing director of Goldbeck UK, said: “The new County Hall to be built by Goldbeck UK for Cardiff Council at Atlantic Wharf will use our industry-leading construction model to deliver an operationally zero-carbon building. “The new office space will provide a modern working environment more closely tailored to the council’s needs and have significantly lower operating costs to the current building it replaces. "As we manage all aspects of the project from architectural design to the manufacture of materials and assembly on-site, we ensure tight cost control, which is a top priority for Cardiff Council and vital to the success of the Atlantic Wharf area redevelopment as a future working and cultural hub for the city.” He added: “Atlantic Wharf is exactly the type of mixed-use sustainable development project delivering modern commercial space, private and affordable housing and leisure facilities, with new urban infrastructure, that is urgently needed across the UK to support local communities and drive the country’s economic growth. The UK potentially will be the biggest construction growth market in Europe over the next 10 years.

Plymouth Argyle's Foulston Park community hub secures £2.2m
Finance 2025-12-22 21:49:49

Plymouth Argyle's Foulston Park community hub secures £2.2m

A community sports hub at Plymouth Argyle's Foulston Park has secured a £2.24m grant. The Brickfields site in Devonport is being redeveloped into a sporting centre of excellence and asset for the city. The new state-of-the-art facility will include a gym, fitness rooms, café, soft play area, esports and youth zones, along with health and support services. A 3G pitch - measuring 112m x 68m - will accommodate football and rugby activities, beside a new athletics track. The Argyle Community Trusthas procured the funding from the Premier League, The FA, and the Government’s Football Foundation, marking it as one of the charity's most substantial investments across the South West. The investment is earmarked for the construction of the new hub as well as broader enhancements to Foulston Park. Other developments funded as part of the package include a Football Foundation PlayZone and upgraded changing facilities. Additionally, the site will host Plymouth Argyle Youth Academy and Plymouth Argyle Women, with the construction process already in progress. Mark Lovell, chief executive at Plymouth Argyle Community Trust, said: "The Hub at Foulston Park represents a transformative opportunity to deliver a facility in the heart of Devonport that can reduce health inequalities and become a beacon for community provision. "It would not be possible to achieve our ambitious plans without the generosity of funders like the Football Foundation. We are looking forward to our continued partnership as we work towards opening The Hub in early 2025." This new facility is a collaboration between Plymouth Argyle, the Argyle Community Trust, Plymouth City Council, Plymouth Albion RFC, and Devonport Community Leisure Limited (DCLL) and will be under the management of the Argyle Community Trust, reports Plymouth Live. Football Foundation chief executive Robert Sullivan confirmed the Foundation's commitment. He said: "The Football Foundation is working closely with our partners – the Premier League, The FA and Government – to transform the quality of grassroots facilities in England by delivering projects like this across the country." He also expressed delight regarding the community benefits anticipated from Foulston Park, including a new Football Foundation PlayZone: "We're delighted that the local community in Devonport and Plymouth will now be able to enjoy all these benefits thanks to the new facilities at Foulston Park, including the new Football Foundation PlayZone." Sullivan highlighted the bespoke nature of the PlayZones, indicating the involvement of the local community in their design: "As with all PlayZones, the new small-sided pitch will be designed by the local community who'll be able to step out onto the pitch and get active in a way that suits them."

New bank NW Mutual plans 60 branches as it wins key council backing: full list of proposed locations
Finance 2025-12-13 19:04:40

New bank NW Mutual plans 60 branches as it wins key council backing: full list of proposed locations

A new mutual bank for the North West of England says it wants to open a network of 60 branches across the region. Co-operative society NW Mutual was launched in response to waves of bank closures across the region and aims to provide a customer-owned alternative to high street banks. The bank says it will operate with a “bricks, clicks and flicks” business model including a branch network and mobile and online banking, offering products and services to SME customers. It’s chaired by David Milner, who was chairman of Dudley Building Society and Nottingham Imperial Building Society, while its non-executive director James Moore has more than 25 years of boardroom experience in sectors including financial services in theUK and overseas,, and also founded the Community Savings Bank Association. Some £1m from directors has already been invested to build up NW mutual behind the scenes, including building its systems and preparing its banking licence application. Now the Local Democracy Reporting Service (LDRS) has confirmed that Preston City Council has agreed to purchase £250,000 worth of shares in the bank. The council has had £1m earmarked to invest in the launch for the past six years, with this being the first time is has formally committed cash. Senior financial services executive Dave Burke, originally from Bolton, was recently appointed as chief executive. The bank’s headquarters, set for Preston, will open later this year. The bank ultimately hopes to have more than 20 branches in Greater Manchester, 17 in Lancashire, 12 in Merseyside, 10 in Cheshire and six in Cumbria. NW Mutual says its potential target business market is huge, with 494,395 small and medium-sized businesses (SMEs) in the region employing more than 1.65m people and generating turnover of more than £239bn in 2024. Mr Burke said: “When our plans are finalised, NW Mutual will open approximately 60 branches across the north west, with the first branch and head office also in the region. “Our aim is to provide access to as many people and businesses in the north west as possible, with 95 per cent of residents and small and medium-sized businesses within a 30-minute drive to a branch. “Whilst we have specific locations in mind to achieve this, we also want to listen to the people and businesses of the region and welcome thoughts and suggestions on branch locations." NW Mutual’s backers say the venture is needed because traditional banks are abandoning the high street. Recent analysis from consumer group Which? Showed banks and building societies had closed a total of 6,266 UK branches since January 2015, equivalent to about 53 closures per month. He said: “Our market research, supported by a large body of public research and information, shows a proven need and demand for a bank that’s trustworthy, democratic, ethical, deeply rooted in the north west and that enough people and businesses in the region would use to make it a great success. “The North West is more than capable and large enough to create and sustain a prosperous bank. When we achieve our goals, our mutual bank will recycle more than £900m of money from the north west back into the region. “This is serious money… we want to stop it leaking out and heading south, north or east.” Mr Burke is now preparing a banking licence application to submit to the Bank of England in late 2025. If NW Mutual secures the licence, it hopes to open its first full branch in the third quarter of 2026. NW Mutual says “the potential and yet to be confirmed locations for branches” are: Lancashire Preston (head office), Accrington, Blackburn, Blackpool, Burnley, Clitheroe, Chorley, Lancaster, Leyland, Lytham St Annes, Morecambe, Nelson, Rawtenstall, Fleetwood, Garstang, Skelmersdale. Greater Manchester Altrincham, Ashton-under-Lyne, Bolton, Bury, Droylsden, Eccles, Hyde, Harpurhey, Hyde, Leigh, Longsight, Manchester, Manchester Victoria, Oldham, Rochdale, Sale, Salford, Stockport, Stretford, Urmston, Wigan, Wythenshawe. Liverpool and Merseyside Bebington, Birkenhead, Bootle, Crosby, Formby, Huyton, Kirkby, Knowsley, Liverpool, Prescot, Speke, St Helens. Cheshire Chester, Crewe, Ellesmere Port, Knutsford, Macclesfield, Northwich, Runcorn, Warrington, Widnes, Winsford. Cumbria Barrow-in-Furness, Carlisle, Kendal, Keswick, Penrith, Whitehaven.

Embarking on an investment adventure with a $10,000 budget is an admirable first step. Many wealthy investors, including Warren Buffett, have grown their wealth from even humble beginnings.
Investment Focus 2026-01-01 03:26:30

Embarking on an investment adventure with a $10,000 budget is an admirable first step. Many wealthy investors, including Warren Buffett, have grown their wealth from even humble beginnings.

However, venturing into the stock market without a well-thought-out strategy won't maximize your returns. To transform your initial investment into significant long-term gains, consider these top-tier investment strategies for your $10,000. 1. Maximize Your IRA Contributions IRAs provide substantial benefits, such as tax deferral on earnings, making them an attractive option for investors. Imagine contributing $5,000 to an IRA, which could grow to $40,000 by retirement. You're taxed only on the initial $5,000, not the final amount. This tax advantage is a significant benefit. There's an annual limit on IRA contributions. In 2017, it was $5,500 for individuals under 50 and $6,500 for those 50 and older. With $10,000 to invest, it's crucial to maximize your IRA contribution due to the unmatched flexibility and tax benefits it offers. 2. Increase Your 401(k) Contributions If your employer offers a 401(k) match, it's wise to contribute up to the matching limit. Not doing so is like turning down free money, as your contributions effectively double in value. After reaching the match limit, consider alternative investment options for the remaining $10,000. 401(k)s limit your investment choices, requiring diversification across a limited range of mutual funds. This broad diversification is more about betting on overall market growth rather than selecting specific companies. While the market generally trends upward over time, higher returns are achievable by carefully choosing companies based on their value and potential. 3. Explore Individual Stocks After maximizing IRA and 401(k) contributions, consider investing in individual stocks. Applying Rule #1 investing principles can help you identify top-tier companies, buy them at a discount, and potentially achieve annual returns of up to 15%. These returns are rare with broad market diversification but possible with individual stocks. Patient, knowledgeable, and rational investment in individual stocks can significantly increase your wealth. 4. Invest in Personal Development The most valuable investment is in oneself. Equipping yourself with the necessary knowledge and resources to thrive as an investor will yield the highest returns. After investing in an IRA, 401(k), and a few individual stocks, use the remaining funds to learn everything you can about investing. Education is the key to consistently selecting outstanding companies for investment. Are you ready to test your investment knowledge against seasoned investors? Take the Investing IQ Quiz! P.S. If you're seeking additional information before investing $10k, here are some resources you might find helpful. Interested in the best ways to invest $500? Explore our top picks for small-scale investments. Want to learn from Warren Buffett? Check out his renowned investing quotes. Looking to double your money every 7 years with compound interest?

New crypto platform Bitpanda to launch in the UK after winning FCA approval
Finance 2025-12-17 12:45:58

New crypto platform Bitpanda to launch in the UK after winning FCA approval

European cryptocurrency platform Bitpanda is gearing up to broaden its reach within the UK market, having secured the green light from the City watchdog. The Financial Conduct Authority (FCA) has given Bitpanda the thumbs-up to introduce its extensive range of 500 cryptocurrencies to British investors, as reported by City AM. Bitpanda's foray into the UK intensifies the heat on traditional banks, which are already grappling with the innovative prowess of fintechs and challenger banks. Speaking to City AM, Deputy CEO Lukas Enzersdorfer-Konrad laid out the stark options for UK banks: "The choice for UK banks is clear – either they develop a solution to offer trading to their users, or those users will look for an alternative." He continued: "People want their money to do more, they want more choice in what they can invest in and when and how they can invest." "They want convenience but not at the cost of security." Enzersdorfer-Konrad pointed out that it was precisely this consumer demand that gave rise to fintechs and challenger banks, urging traditional banks to leverage platforms like Bitpanda to "deploy a world class solution in a few months, rather than an in-house version that might take years." "On the broker side we think there is a huge opportunity to deliver secure crypto trading to millions of investors." "The demand is there, people want simple access to the market with a company they can trust," he elaborated to City AM. The Vienna-headquartered firm is set to make a "bold statement" as it brings its staking, savings plans, and crypto indices to the UK clientele.

Why You’re Better Off Without a Financial Advisor
Investment Focus 2025-12-11 15:25:16

Why You’re Better Off Without a Financial Advisor

A widespread belief in the realm of finance is that success in investing requires the guidance of a financial advisor. This misconception may have been perpetuated by the aggressive marketing tactics of financial advisory firms. However, it's important to recognize that investors who take control of their own finances often outperform those who rely on advisors, especially when considering the fees that can erode their profits. If you're undecided about the necessity of a financial advisor for successful investing, here are some points to ponder. 1. Financial Advisors Don’t Aim to Outperform the Market Financial advisors aren't tasked with outperforming the market. Their role is more akin to that of a coach or counselor, assisting in setting financial objectives, providing support during challenging times, and encouraging rational decision-making. It's up to you to decide if their coaching is worth the annual 1% fee based on your portfolio. 2. Fees Are Unavoidable Regardless of Performance Financial advisors charge fees that are not tied to the performance of your investments but rather on the amount you invest. This means that even if they fail to grow your assets, you're still obligated to pay for their services. This arrangement introduces unnecessary risk and costs to your investment strategy and offers little incentive for advisors to strive for market-beating results. Their primary concern is maintaining your assets under management. Although they earn more if they increase your wealth, they are compensated regardless of the outcome. 3. Investing in the S&P 500 Yields Higher Returns Investing in the S&P 500 index ETF, SPY, without active management often results in higher returns than what you'd get from a financial advisor. The S&P 500 frequently outperforms portfolios managed by financial advisors. Why is this the case? The answer lies in the limited investment strategies that financial advisors can employ, as well as the percentage-based fees they charge. Advisors must pass the Series 65 exam to be SEC-licensed, which is grounded in the Efficient Market Hypothesis – the belief that no one can consistently beat the market. Recommending high-risk strategies, such as those advocated by Warren Buffett, could jeopardize their license. As a result, they typically avoid such strategies. Moreover, to justify their fees, advisors must outperform the S&P 500 by the amount of their fee. Given their tendency to diversify portfolios, after deducting their fees, your returns are often lower than they would be with an index ETF. 4. Better Returns with Selective Long-Term Investments While the S&P 500 may be a more profitable option than hiring a financial advisor, some of the world's top investors suggest an even superior approach. Free from SEC regulations and without the risk of losing a license, you can select a few individual companies and purchase them at a discount during market fluctuations. Identifying high-quality companies and waiting for the right moment to buy them is the most effective investment strategy available. This strategy has created more millionaires and billionaires than any other. Master the Art of Investing Individual investors, unencumbered by fees and SEC regulations, have the potential to outperform the market, unlike financial advisors. Buffett has stated that if he were managing only $1 million, he could achieve a 50% return in today's market. As long as you're willing to invest time in selecting outstanding companies and have the patience to wait for market sales, you can achieve double-digit returns that surpass the market annually, without the need for a financial advisor.

Plans for more than 1,000 new homes in major mixed-use scheme for Porthcawl
Commercial Property 2025-12-11 17:09:04

Plans for more than 1,000 new homes in major mixed-use scheme for Porthcawl

New plans to transform the seaside town of Porthcawl with1 ,100 new homes as well as shops, cafes, restaurants, and leisure attractions, can be revealed. The developments are part of a new masterplan released by the local council ahead of planned public consultations. The consultation, set for next month,, will also come alongside a special exhibition event for the long-running plans which include a range of leisure and infrastructure developments for the area alongside the creation of up to 1,100 new homes. Most notably the proposals will include new "stepped" coastal defences at Sandy Bay, as well as the creation of a pump track, skate park, and mini-golf course along with new shops, cafés, and restaurants. It also includes the construction of 1,100 new houses across three areas of the town with up to 450 at Sandy Bay, 200 at Coney Beach, and up to 450 at Salt Lake with plans also intended for the popular Griffin Park to triple in size. Additionally plans could see space set aside for the town to host seasonal events such as fairs as well as overnight parking for motorhomes at Sandy Lane with room for Newton Primary school to expand. There could also be a number of car parking developments with a potential multi-storey car park featured at Salt Lake along with the "redevelopment" of the existing open air car park at Hillsboro. With part of the land set aside for the development the town will also see the closure of its iconic Coney Beach Amusement Park in the coming years after more than 100 years of business in the area. Speaking ahead of the consultations Councillor Neelo Farr of Porthcawl said the final proposals had included as many ideas and facilities suggested by local residents as possible. She said: "Public consultation has proven to be a cornerstone of our efforts to regenerate Porthcawl and you only have to look at the illustrative masterplan to see how we have included as many of the ideas and facilities suggested by local residents as possible into our final stage proposals. "Whether it is a pump track and skate park, a multi-use games area, room for new shops, cafes, restaurants and kiosks, pocket parks, interactive fountains and water features, new play areas for children of all ages, extensive green landscaping, potential mini-golf and overnight parking for motorhomes, or just plenty of flexible open space which can be used to host seasonal events ranging from fairs and fairground rides to ice rinks and speciality markets the waterfront regeneration masterplan really demonstrates the scope of Bridgend County Borough Council and Welsh Government's joint ambitious vision for the area. "With a substantial green corridor winding through the regeneration zone before reconnecting with the waterfront Griffin Park could more than triple in size and benefit from a wide range of new facilities, such as a climbing wall and a fully equipped fitness trail, while Sandy Bay will be transformed with new coastal defences in the form of impressive stepped revetments leading down onto the beach and all-new retail opportunities facing out onto the promenade. "The plans include just over a thousand new community-focused homes suitable for families, people who live alone, couples just starting out, older people, and more. In response to concerns that younger residents of Porthcawl feel unable to afford local properties we are also ensuring that half of this new housing will be made up of affordable modern homes." She added: "To make sure that the housing element is fully rounded we have also included a huge variety of opportunities for new leisure infrastructure as well as shops, cafes, and restaurants, space to allow potential expansion and growth at Newton Primary, and evenly-distributed parking facilities. "Visitor parking is also accounted for with new parking at Coney Beach, a redevelopment of the existing open air car park at Hillsboro, and options for providing additional 'edge of town' overflow facilities along with suitable links. "We have also proposed introducing landscaped natural play areas including adventure, woodland and tree-top play facilities, studio space suitable for creative industries, cycle hubs, a duneside park featuring enhanced habitats, raised boardwalks, activity and viewing platforms, event space, and much more." The full proposals will now be revealed at an event held in the Hi Tide Inn in Porthcawl between 9am and 7.30pm on Monday, February 3, where people will be able to see the new plans and engage with regeneration officers from both the council and Welsh Government.

Newcells Biotech secures £1.2m follow-on investment to build customer base
Finance 2025-12-11 02:33:05

Newcells Biotech secures £1.2m follow-on investment to build customer base

Newcastle life sciences firm Newcells Biotech has raised £1.2m from existing investors Mercia Ventures, Northstar Ventures and North East Finance. The university spin out which specialises in providing in vitro tools for testing how drugs interact with tissues says it will use the funds to build its customer base and develop partnerships with other companies with complementary products to its own. As part of the move, experienced pharma industry leader Mark Carnegie-Brown has been appointed as the company's chair. Newcells' 3D models mimic tissues within the body and are used to test drugs under development, reducing the reliance on animal testing. With the company's tools, scientists can decide which drugs to progress to human trials - ultimately enabling them to bring drugs to the market more quickly and a lower cost. The firm, which was founded nine years ago by Dr Mike Nicholds and professor Lyle Armstrong, currently offers models of the retina, kidney and lung and can also carry out testing for customers. Use of 3D models is said to have attracted interest after the US Food and Drug Administration (FDA) changed its rules two years ago, scrapping the requirement for new drugs to be tested on animals. Mike Nicholds, CEO of Newcells, said: “We believe that providing better laboratory models enables a faster, more effective drug development process which in turn accelerates the delivery of new therapies to patients. Newcells’ models have proven to predict how drugs interact with tissues and organs. "We have seen an upturn in demand since the FDA removed the requirement for animal testing and expect the trend to continue as more companies rethink and adapt their processes. This latest funding demonstrates the continued confidence of our investors and will enable us to exploit the growing demand.” The investment comes from Mercia Ventures’ Northern Venture Capital Trusts and three regional funds: the North East Venture Fund, managed by Mercia; the North East Innovation Fund managed by Northstar Ventures and the Finance for Business North East Fund managed by North East Finance – all supported by the European Regional Development Fund. Victoria Wiesener of Mercia Ventures added: “Newcells has a great product and a strong team, and has the potential to become a leader in its field. The past year has been tough for the pharmaceutical industry as economic uncertainty has affected investment, resulting in fewer drugs under development. Newcells has navigated the changing markets effectively, while also improving efficiency and strengthening its commercial team. It is now well positioned for growth as activity levels recover and more companies make the decision to move away from animal testing.”

Bristol fintech Moneyhub appoints new chief executive
Finance 2026-01-09 01:41:19

Bristol fintech Moneyhub appoints new chief executive

Bristol fintech firm Moneyhub has appointed a new chief executive. Alastair McGill will take the helm of the Redcliffe-based open banking platform with immediate effect, the company has announced. The firm's previous chief, Samantha Seaton, confirmed in December she was stepping down from the top job after eight years in the role. Mr McGill, who has more than 30 years' experience in the technology sector, joins Moneyhub from financial technology business Broadridge. In his previous role as general manager, he was responsible for strategy, execution and leadership across a multi-disciplinary team serving hundreds of financial services firms and corporate treasury operations. His career also includes a stint at Cashfac as global managing director, where he assisted the company expanding into Europe and Australia. He also previously served on the management board of SmartStream Technologies. "We are excited to welcome Alastair to Moneyhub," said Anne De Kerckhove, chair of Moneyhub's board. "His exemplary track record and passion for growing businesses, building long-term client partnerships and fostering innovation makes him the perfect leader for Moneyhub's next chapter." Founded in 2014, Moneyhub provides a range of savings, investment, pensions and banking engagement solutions, and works with big brands including Lloyds, Nationwide, Aon, Vodafone and Standard Life.

North East business leaders gather to promote investment into female-founded high growth companies
Finance 2025-12-14 07:37:57

North East business leaders gather to promote investment into female-founded high growth companies

A scheme that wants to drive more investment to female-led business in the North East has established a board of notable regional business leaders. The Lifted Project intends to steer capital towards female-founded, high growth businesses and is a five-year project that is aligned with the Government's Investing in Women Code - a national effort to support female entrepreneurship. It is described as a data-driven approach, which uses regional insights to uncover latent high growth businesses. Now, a Newcastle-based board has been created to steer the projects involvement in the region, alongside four other cities in Scotland and the North including Edinburgh, Birmingham, Leeds and Liverpool . The board - led by chair, Debra Leeves and vice chair, Fozia Saleem - includes six sub-groups that will focus on finance, marketing and sign-posting, events for female entrepreneurs, role models, policy and angel investors. Forming the group are Gill Hunter, managing partner of Square One Law; Emma Gaudern, CEO of EMG Solicitors Ltd; Rebecca MacDermid, investment manager at Maven Capital; Michelle Jones, founder of Kind Currency, and angel investor Shkun Chadda. They are joined by Nina Walton, co-founder of Transforming Brands; Jenny Halford, sector development manager of fintech and digital at Business Durham; Chris Black, divisional director at Brewin Dolphin, and Jo Clough, director of regional development at Lloyds Banking Group. Also on the board is Wenyan Sharp, UK marketing director at SolaX Power; Shaun Fooy, senior manager UK network - North East England and Tees Valley at the British Business Bank; Dr Anupama Sethi, director of business development at Sterling Pharma Solutions, and Naomi Allen Seales, investment manager at Northstar Ventures. The group is completed by Hannah Wade, managing director of CPI Enterprises; Marie Labus, CEO of AMLo Biosciences; Joanne Lant, CEO of Lant Medical; Marie Whitehouse, chief operating officer at NunaBio and Estelle Blanks, director of business development and enterprise at Newcastle University. Jordan Dargue, an early stage investment connector who co-founded Lifted Ventures, said: "We are on a mission to establish the North East as the premier investment capital for women and ensure the region becomes a thriving hub for women's success. Newcastle and the wider North East region have a wealth of smart and talented women starting their own businesses or leading scale-up businesses, but when it comes to securing the funding they need, it’s evident that they do not receive as much as their male counterparts. "This is an inequity that needs fixing for the benefit of the region and the economic growth of the UK. The Newcastle regional board is passionate about making change happen but know that successful businesses are not built on passion alone. More support is needed and that’s exactly what The Lifted Project is looking to address.”

Grasp the Concept of Market Capitalization: An Essential Investment Tool 1432
Investment Focus 2026-01-06 15:35:43

Grasp the Concept of Market Capitalization: An Essential Investment Tool 1432

Market capitalization, often abbreviated as "market cap," is a fundamental yet intricate concept in the investment sphere that plays a crucial role in evaluating the worth of publicly listed companies. Although it appears complex, market cap should not be the sole determinant when making investment choices. This article seeks to demystify market capitalization, its importance, how to calculate it, and how it can be incorporated into your investment strategy. We will also delve into the different categories of market cap, such as large-cap, mid-cap, and small-cap companies. The Core of Market Capitalization Market capitalization essentially mirrors the stock market's valuation of a company's worth. This valuation is calculated by multiplying the total number of a company's outstanding shares by the current share price. An increase in either the number of shares or their market price leads to a higher market cap. It can also be seen as the hypothetical cost of acquiring the entire company in one transaction. Market Capitalization vs. True Value There is a common misconception that equates market cap with a company's actual value. Even some academics have erroneously assumed that market prices are a true reflection of a business's value. However, as Warren Buffett has pointed out, this is often not the case. A company's market cap is based on its share price, which, as we know, does not always correspond to its intrinsic value. Consider the fluctuating stock prices of meme stocks like GameStop and Dogecoin, which are more influenced by social media hype than the companies' underlying values. It is vital to recognize that a stock's price does not always mirror a company's value, making market cap just one part of the investment puzzle. The Role of Market Capitalization If market cap is merely a price indicator, why is it significant? A company's market cap indicates its size, assisting investors in gauging the company's scale and potential for growth. While market caps can vary greatly, investors typically classify them into small-cap, mid-cap, and large-cap companies. These categories can aid individual investors, but they are more often used by funds to diversify their clients' portfolios with a mix of smaller and larger companies. Large-Cap Stocks Companies with a market cap exceeding $10 billion are considered large-cap. Large-cap companies are generally stable, with a solid track record and significant market share, although they are not risk-free. The potential downside of large-cap stocks is their slower growth due to their established market position. An example of a large-cap company is Walmart, with a market cap of approximately $370 billion. Mid-Cap Stocks Mid-cap companies have a market cap ranging from $2 billion to $10 billion. They may cater to niche markets or face competition that prevents them from becoming large-cap companies. Alternatively, they could be newer companies in a high-growth phase. Examples include Robinhood, Hyatt Hotels, and Docusign. Small-Cap Stocks Small-cap companies have a market cap between $300 million and $2 billion. Companies below $300 million are considered micro-cap. Unlike large-cap companies, small-caps carry higher risk but also offer substantial growth potential with significant returns. Small-cap stocks include Coursera, SmileDirectClub, and Health Catalyst. Calculating Market Capitalization Calculating market capitalization is a simple process that can quickly determine the market caps of potential investments. Market Cap Formula Market capitalization

New property agency launches
Commercial Property 2025-12-11 06:54:30

New property agency launches

A new agency specialising in the logistics sector in the Midlands has been launched by two experienced property professionals. Ed Cole and Richard James-Moore have unveiled Incore which will focus on land, development and leasing across the warehouse market. The duo were previously senior directors at property consultancy JLL and each has 20 years of experience in the sector. Incore will operate as a dedicated, director-only service covering the national market for large warehouses with a physical presence in the core Midlands and South regions. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Mr Cole said: "We are really excited to launch Incore at this point in the cycle where we believe we can utilise our accumulated market knowledge and relationship network to add real value for our clients. "As the market moves into a new phase full of opportunity but not yet free of challenges, we believe our offering of highly experienced, hands-on advice can be a valuable source to both familiar and new clients in the sector." Mr James-Moore added: "It is very exciting to bring Incore to the market, providing clients a unique niche agency offering with director-led advice from both Birmingham and London and an entrepreneurial energy." Mr James-Moore has spent the last seven years at JLL where he led the Midlands industrial and logistics teams from its base in Birmingham city centre. He has advised on multiple key development projects including the strategic rail freight hub called West Midlands Interchange near Cannock and the award-winning Coventry Logistics Park. Mr Cole spent 16 years at JLL, becoming head of national logistics in 2018.

The Myth of Financial Advisor Necessity in Investment Success
Investment Focus 2025-12-22 22:49:39

The Myth of Financial Advisor Necessity in Investment Success

A common myth in the financial world is that achieving success in investments is contingent upon the guidance of a financial advisor. This belief may stem from the assertive marketing strategies employed by financial advisory firms. However, it's crucial to understand that investors who manage their own finances often achieve better results than those who depend on advisors, especially when considering the fees that can diminish their gains. If you're wavering on the importance of a financial advisor for prosperous investing, consider these insights. 1. Financial Advisors Don’t Seek to Beat the Market Financial advisors are not expected to beat the market. Their function is more like that of a mentor or advisor, helping to set financial goals, offering support during difficult periods, and promoting sound financial decisions. You must decide if their mentorship is worth the 1% annual fee based on your investment portfolio. 2. Fees Are Inescapable Regardless of Outcome Financial advisors charge fees that are not performance-based but rather based on the size of your investment. This implies that even if they fail to increase your wealth, you are still required to pay for their services. This setup introduces avoidable risk and cost to your investment strategy and provides little motivation for advisors to pursue outstanding results. Their main focus is on maintaining the assets they manage. Although they earn more if they grow your wealth, they receive compensation regardless of the investment outcome. 3. Investing in the S&P 500 Delivers Greater Returns Investing passively in the S&P 500 index ETF, SPY, often leads to higher returns compared to what you might achieve with a financial advisor. The S&P 500 frequently surpasses the performance of portfolios managed by financial advisors. Why is this the case? The reason lies in the limited investment strategies available to financial advisors, as well as the fees they charge based on a percentage of assets. Advisors must pass the Series 65 exam to become SEC-licensed, which is based on the Efficient Market Hypothesis – the idea that consistently outperforming the market is impossible. Advocating high-risk strategies, like those proposed by Warren Buffett, could put their license at risk. Consequently, they typically avoid such strategies. Moreover, to justify their fees, advisors must outperform the S&P 500 by an amount equivalent to their fee. Given their tendency to diversify portfolios, after their fees are deducted, your returns are often lower than with an index ETF. 4. Superior Returns with Selective Long-Term Investments While the S&P 500 may offer better returns than hiring a financial advisor, some of the world's leading investors suggest an even more effective approach. Free from SEC regulations and the risk of losing a license, you can select a few individual companies and buy them at a discount during market fluctuations. Identifying top-tier companies and waiting for the optimal time to purchase them is the most effective investment strategy. This strategy has created more millionaires and billionaires than any other. Mastering the Art of Investing Individual investors, unburdened by fees and SEC regulations, have the potential to outperform the market, unlike financial advisors. Buffett has stated that if he were managing only $1 million, he could achieve a 50% return in today's market. As long as you're willing to invest time in selecting exceptional companies and have the patience to wait for market

Lifted Project instals new Birmingham board
Finance 2025-12-29 18:35:45

Lifted Project instals new Birmingham board

A new initiative launched with the aim of making high-growth entrepreneurship more accessible to women outside of London and the South East has unveiled its new regional board. The Lifted Project was established as a result of a recommendation from a new government taskforce established to boost private investment in women-led businesses across the UK. A board has been installed to cover Birmingham and the West Midlands to spearhead the five-year programme. It is jointly chaired by Tara Attfield-Tomes, who founded Birmingham PR Agency East Village, and Hephzi Pemberton who runs London-based data firm Honordex. Joining them are Wolverhampton native Maxine Laceby, founder of beauty brand Absolute Collagen and Melissa Snover, founder of Digbeth-based health supplement firm Rem3dy Health. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Completing the line up of female founders is Oyinkansola Adebayo, angel investor and founder of AI beauty salon Niyo Hair & Beauty, also based in Digbeth. Also on the board are figures representing the funding sector, namely Alexander McLeod from Minerva Business Angels, Julian Dennard from Mercia and Rupert Lyle from Midven. The board also welcomes angel Investor Samantha Tubb, Ashreen Seethal from government innovation agency Innovate UK, Charlotte Bowden from Business Growth West Midlands, Anna Macrae from HSBC, Hannah Ellis from Lloyds Bank and Roxanne Goodman, founder of Female Founder Finance. Research suggests the West Midlands has a higher proportion of female-led businesses, at 17.1 per cent, compared with other regions in England but there is still a significant funding disparity. The Lifted Project in Birmingham aims to change that by attracting new investment funds into the region, increasing the percentage of capital invested in female-led companies and better equipping founders with the resources and networks they need. Similar initiatives have been set up in four other UK locations. The Lifted Project is supported by Lloyds Bank and led by Lifted Ventures which works to increase the flow of early-stage capital to female founders and promote the business benefits of backing women. Co-founder Jordan Dargue said: "The West Midlands has a vibrant female founder ecosystem but there's room for significant growth. "With The Lifted Project, we're determined to bridge the funding gap and empower the next generation of women entrepreneurs. This board represents the best of the West Midlands business community. "Together, we're confident in creating a supportive environment for female-led businesses, allowing them to scale their businesses and achieve their full potential with the funding and support needed.

Ethnic minority representation on boards stalls despite government review
Finance 2025-12-16 04:59:29

Ethnic minority representation on boards stalls despite government review

Progress on increasing ethnic diversity in company boardrooms stalled last year, according to new research. The number of new directors from self-declared ethnic minority backgrounds dropped for the first time since records began in 2019, according to analysis by Spencer Stuart headhunters of the UK’s biggest 150 publicly listed firms. Experts cautioned that the lack of progress could be linked to a “one and done” attitude after government-backed targets were introduced. A review by Sir John Parker into the issue led to a target that all FTSE 100 companies should have at least one director from an ethnic minority background by December 2021. Currently, 96 FTSE 100 firms meet that benchmark for directors. The latest data from Spencer Stuart shows however that only 4% – or seven individuals – of the 196 new directors appointed in the year to April were from a self-declared ethnic minority background. This represents a significant slump from the 15% of new directors from the previous financial year. Currently, a total of 12.5% of all directors are from an ethnic minority. Shami Iqbal, UK managing partner at Spencer Stuart, said: “It is disappointing to see a further slowdown in progress on minority ethnic representation on UK boards. “Diversity means having talent around the boardroom table representing a wide range of views and backgrounds, seeing this as a strength and leveraging this talent to the company’s advantage. While the Parker Review results show concerted action, boards must be careful not to adopt a ‘one and done’ mentality.” The latest analysis however pointed to a record high in female representation in senior director roles. The recent FTSE women leaders review led to a target that firms should have at least one woman within the four most senior board and leader roles – chair, chief executive, chief financial officer and senior independent director (SID) – by next year. Around 71% of boards reported having at least one woman across these roles, up from 60% in 2023 on the back of an increase in new female appointees. However, there is still a way to go to reach this target as 43 boards still have men occupying all four roles. Chris Gaunt, head of Spencer Stuart’s UK board practice, said: “It is encouraging to see companies answer the call to action on increasing female representation in senior positions, but the low number of female CEOs and chairs still leaves a lot to be desired. “While seen by many as the path of least resistance in meeting the FTSE women leaders targets, the surge in female SID appointments hopefully points to an increase in female chairs in the years to come – although term limits make it a less likely direct promotion path for existing boards.”

Understanding Market Capitalization: A Key Investment Metric 6078
Investment Focus 2025-12-18 20:22:21

Understanding Market Capitalization: A Key Investment Metric 6078

Market capitalization, or "market cap" for short, is a fundamental concept in the realm of investing that is essential for assessing the value of publicly traded companies. While it may seem complicated at first, it's important to remember that market cap should not be the only factor considered when making investment decisions. This piece aims to clarify the concept of market capitalization, its significance, the process of calculating it, and its role in your investment strategy. We will also explore the various market cap categories, including large-cap, mid-cap, and small-cap firms. The Essence of Market Capitalization Market capitalization essentially reflects the stock market's assessment of a company's value. This assessment is determined by multiplying the total number of a company's outstanding shares by the current market price per share. An increase in the number of shares or their market price results in a higher market cap. It can also be viewed as the theoretical cost of purchasing the entire company in a single transaction. Market Capitalization vs. Intrinsic Value There is a common misconception that equates market cap with a company's actual worth. Some academics have mistakenly assumed that market prices accurately represent a business's value. However, as Warren Buffett has highlighted, this is not always the case. A company's market cap is based on its share price, which does not always align with its intrinsic value. Consider the volatile stock prices of meme stocks like GameStop and Dogecoin, which are more influenced by social media hype than the companies' underlying values. It is crucial to understand that a stock's price does not always reflect a company's value, making market cap just one piece of the investment puzzle. The Significance of Market Capitalization If market cap is merely an indicator of price, why is it important? A company's market cap indicates its size, helping investors to gauge the company's scale and potential for growth. While market caps can vary widely, investors typically categorize them into small-cap, mid-cap, and large-cap companies. These categories can assist individual investors, but they are more often used by funds to diversify their clients' portfolios with a mix of smaller and larger companies. Large-Cap Stocks Companies with a market cap over $10 billion are considered large-cap. Large-cap companies are generally stable, with a solid track record and significant market share, although they are not without risk. The potential downside of large-cap stocks is their slower growth due to their established market position. An example of a large-cap company is Walmart, with a market cap of approximately $370 billion. Mid-Cap Stocks Mid-cap companies have a market cap ranging from $2 billion to $10 billion. They may serve niche markets or face competition that prevents them from becoming large-cap companies. Alternatively, they could be newer companies in a high-growth phase. Examples include Robinhood, Hyatt Hotels, and Docusign. Small-Cap Stocks Small-cap companies have a market cap between $300 million and $2 billion. Companies below $300 million are considered micro-cap. Unlike large-cap companies, small-caps carry higher risk but also offer substantial growth potential with significant returns. Small-cap stocks include Coursera, SmileDirectClub, and Health Catalyst. Calculating Market Capitalization Calculating market capitalization is a straightforward process that can quickly determine the market caps of potential investments. Market Cap Formula Market capitalization

Stanlow refinery owner EET Fuels seals $650m funding deals – as reports suggest Hynet cluster could get billions of pounds in Government backing
Finance 2025-12-22 00:33:43

Stanlow refinery owner EET Fuels seals $650m funding deals – as reports suggest Hynet cluster could get billions of pounds in Government backing

Energy giant and Stanlow refinery owner EET Fuels has agreed $650m in funding to support its decarbonisation strategy – as reports suggest the Government could today pledge billions to a green industry plan of which Stanlow is a key link. Essar Energy Transition (EET) Fuels, whose Cheshire refinery supplies 16% of all road transport fuels in the UK, says the three receivable financing and trade credit financing facilities it has agreed show the market is confident in its plans to slash emissions from Stanlow as it continues its push towards hydrogen. Meanwhile the Financial Times is reporting that on Friday the Government will pledge £22bn to support two carbon capture and storage schemes, including the HyNet project that links a cluster of industrial sites in the North West and North Wales. EET Fuels has secured a new receivable facility with ABN AMRO Bank for $150m, has extended and upsized its facility with banks HCOB and UMTB to $200m, and has secured a trade credit financing for $300m with “an international oil company”. The group says its Stanlow decarbonisation plan “is central to these new relationships”. The group is aiming to reduce emissions at Stanlow by 95% by the end of the decade by combining carbon capture technology with the use of “blue hydrogen” from natural gas. Stanlow is also at the heart of the HyNet low-carbon cluster, which aims to grow the low-carbon economy in the North West and North Wales. Satish Vasooja, chief financial officer at EET Fuels, said: “This is an excellent outcome for EET Fuels. Knowing our decarbonisation strategy has the backing of major financing partners, we can continue to develop and invest in our business with confidence.” Tarun Naruka, head of corporate and structured finance at EET Fuels, said: “These new facilities strengthen our balance sheet, adding flexibility to our financing arrangements and demonstrate that major financing partners are aligned to our core strategy, including cost optimisation and continued performance improvement.” The FT says the Government is planning to commit to carbon capture tech in the UK by supporting the HyNet cluster and the East Coast Cluster. Both projects will see emissions from industrial sites captured and stored under the seabed. Under Hynet, emissions from Stanlow and other industrial sites would be storied in depleted gas reservoirs below the Irish Sea. Other partners include Italian energy group ENI, which would operate the CO2 transportation and storage system.

Cardiff's Debenhams department store now nearly fully demolished
Commercial Property 2025-12-16 17:38:23

Cardiff's Debenhams department store now nearly fully demolished

The Debenhams department store in the city centre is now no longer. Photos show the scale of the demolition work that has been completed at the site of the store, which used to be one of the busiest in the capital. The city's Debenhams was first built in 1981 and opened the following year as one of the cornerstones of the original St David's shopping arcade. The vast shopping area spread over several floors was open for 39 years before the 242-year-old chain went into administration in 2021. In a sign of the huge changes that city centre retail have faced in recent years, the site remained empty for several years before the owners of the St David's shopping centre, Land Securities, submitted plans last August to demolish the site and replace it with a public square. Today, almost the entire interior of the site has been demolished leaving only the facade of the building In place of Debenhams, Land Securities (Landsec) has plans to change the area into a public square. The plans include a water fountain splash pad, a performance stage as well as the possibility for the space to be used to host markets, local street food vendors and other events. The city centre landowning giant has said its £17m plan will create a 102,000 square foot public space surrounded by two new restaurants, smaller kiosk-style units opening onto the square for food and beverages and a leisure space. Helen Morgan, centre director at St David's Cardiff, said: "The development of a new city square on the former Debenhams site is very exciting for St David's and for the city. This investment means we can unlock the potential of this currently under-used area and bring life and value back to this part of Cardiff.

Plans for new 120,000 sq ft Senedd headquarters building out to tender
Commercial Property 2026-01-06 20:33:08

Plans for new 120,000 sq ft Senedd headquarters building out to tender

The Senedd Commission has issued a tender for a new 120,000 sq ft headquarters building in Cardiff Bay. The corporate body of the Senedd is inviting bidders to submit proposals for a new office location to replace its existing Ty Hywel home - a 1990s red brick building connected to the Senedd debating chamber via an enclosed walkway. The Senedd’s current lease on Ty Hywel with landlord Equitix, expires in 2032. The lease carries an annual rent of £2.3m, exclusive of VAT. While a decision will not be made until the end of the year, an invitation to tender will remain open until next month. The tender states: “The Senedd is seeking to procure accommodation of approximately 11,000 sq mts (around 120,000 sq ft), with at least 90% of its capacity in close proximity to the existing Senedd building. “The accommodation must allow for all required direct infrastructure links between the two buildings and be sufficiently close to ensure the secure, free flow of Senedd Members and staff between the new accommodation and the Senedd building.” However, the Senedd could opt not to pursue a new-build option and instead negotiate a new lease with Equitix to remain in Ty Hywel beyond 2032. This would require significant investment in the building, which, from 2026, will also need to accommodate additional Senedd Members and their teams. There is also potential for the Welsh Government to acquire the building from Equitix and lease it back to the Senedd. As a repairing and insuring lease the Senedd is responsible for maintaining the building, where there is understood to be a liability for replacing windows at a cost of several million pounds. The Senedd doesn’t have financial reserves to purchase the building itself and operates on an annual budget (2025/26) of £84.3m. Property advisory firm Avison Young is assisting the Senedd in evaluating its property options, focusing on the best outcome for the public purse. If a decision is made to construct a new building, the Senedd is providing enough time for planning approval, construction and fit-out. If the Senedd decides to vacate Ty Hywel a new building would cost potentially around £60m. To make any project financially viable, a selected developer would require the Senedd to commit to a long-term lease - potentially up to 40 years. Given current construction and borrowing costs a new office building in Cardiff would need pre-let agreements at around £40 per sq ft for leases of shorter duration. Cardiff’s current headline office rent currently stand at £28 per sq ft, compared to nearly £50 in Bristol. A new-build agreement could also eventually see the freehold owned by the Senedd or the Welsh Government. A Senedd spokesperson said:“The lease on Ty Hywel runs out in 2032, and there are several potential options for the long-term office needs of the Senedd. “We have a narrow window of opportunity to explore these options thoroughly and credibly to ensure the best value for taxpayers’ money. We are conducting a procurement process in line with HM Treasury advice to identify the best long-term solution. “We recognise that times are incredibly tough across Wales, and our absolute priority is securing the best possible value for money.” If a new building is approved, the rent would be higher than that for Ty Hywel. However, it would be a far more energy-efficient and purpose-built facility, potentially making the overall cost neutral. A potential location for a new building is a vacant development site adjacent to the Senedd chamber. Cardiff-based property developer Rightacres acquired two connected parcels of land (known as 1 and 2 Assembly Square) from financial services giant Aviva in 2023. A potential location for a new building is a vacant development site adjacent to the Senedd chamber. Cardiff-based property developer Rightacres acquired two connected parcels of land (known as 1 and 2 Assembly Square) from financial services giant Aviva in 2023. With the Senedd seeking direct infrastructure between any new building and the debating chamber, there would seem to be limited alternative choices. There is Porth Teigr, a nearby site owned by the Welsh Government after its acquisition from Igloo, a sustainable real estate fund managed by Aviva. The Welsh Government is currently developing a masterplan for the 30-acre site. In theory, the Welsh Government could finance a new-build project itself using its mutual investment model, a long-term repayable financing method. Another option that could be ruled out is Atlantic Wharf, where Cardiff Council has long-term plans for a major mixed-use development centered around a new indoor arena. While at an early stage of planning, Cardiff Council is also considering a public sector hub as part of the wider Atlantic Wharf development. The hub could span 500,000 sq ft and include a new 100,000 sq ft headquarters building for Cardiff Council. The council's existing 240,000 sq ft headquarters at Atlantic Wharf is set to be demolished to make way for further development. If the Senedd moves, Ty Hywel (formerly known as Crickhowell House) may struggle to attract new tenants in the current market, while repurposing it for residential use would be costly.

Insurance firm to relocate to Cheltenham's Grange Park
Commercial Property 2025-12-17 03:48:36

Insurance firm to relocate to Cheltenham's Grange Park

A major business park in Cheltenham has secured a Worcestershire-based insurance firm as its latest tenant. Grange Park, a large office scheme on the site of Zurich Insurance's former HQ in Bishop’s Cleeve, has agreed a lease deal with Marley Risk. Marley has taken 18,500 sq ft of office space, which is being fitted out ready for the company's relocation from Evesham. The firms joins businesses within the park including Capita, Polo Works and Regus. Marley specialises in latent defect insurance claims management and works with insurers in the LDI market. The company's chief executive, Kevin Drain, said: “The move to Grange Park reflects our commitment to providing an enhanced workplace experience for our employees and a dynamic environment for collaboration and creativity. "Our new office not only strengthens our ability to serve our clients more effectively but also reinforces our philosophy of excellence and continuous improvement.” THP Chartered Surveyors of Cheltenham and JLL Bristol acted on behalf of the landlord and Noyes Lewis Commercial Property in Cheltenham acted for Marley. Letting agent Richard Crabb of THP said: “We are delighted with this deal. This is on of the largest single lettings in the county in recent years and it underscores Grange Park’s growing reputation." Ian Wills from joint agents JLL added: “This letting illustrates Grange Park’s flexibility. From this most significant letting to a single desk in the Manor House, there really is nowhere else like it.” Regus, which operates serviced office space in the Manor House, is now 72% occupied while the remaining 5,500 sq ft of Phase 1 refurbishment of The Grange is under offer. The space for Marley Risk is part of Phase 2 which delivers a total of almost 30,000 sq ft of space. Almost 60,000 sq ft has already been let out, Grange Park said. The sustainable building, which is only four miles from Cheltenham Spa train station, is gas-free, with all heating and air conditioning powered by electricity. Solar panels, which generated 6,722 kWh of electricity in June, provide clean energy to the building’s common areas.

City of London approves major new skyscraper on doorstep of UK's busiest station
Commercial Property 2026-01-05 13:02:03

City of London approves major new skyscraper on doorstep of UK's busiest station

The City Corporation has greenlit a 54-storey skyscraper adjacent to the UK's busiest station, as the demand for office space in London continues to surge. The development at 99 Bishopsgate is poised to become one of the tallest structures in the Square Mile, with plans to offer at least 1.2 million square metres of office space by 2040, as reported by City AM. Designed to meet the "highest level" of sustainability standards, the skyscraper was proposed to cater to the "increasing demand for new office schemes of this kind" according to the City Corporation. There's a growing appetite for well-connected, eco-friendly, and top-tier buildings in the capital, driven by stricter environmental regulations on offices and companies' efforts to attract employees back to their desks. The project will feature a 'City Market' on the ground floor, providing retail, food, and beverage options. "The 99 Bishopsgate scheme will give the Square Mile one of the largest public realm upgrades from a single planning application in recent history, increasing the ‘walkability’ of the City, so that it becomes a safer and more pleasant place to travel through," stated Shravan Joshi, Chair of the City of London Corporation’s Planning and Transportation Committee. Joshi also remarked that the approval of the site "speaks to the confidence that global investors have in the local real estate market, as well as the UK economy, more widely." This approval signals an influx of new structures set to reshape the capital's skyline. Recently approved projects such as the 74-storey One Undershaft, the 63-storey 55 Bishopsgate, and the 36-storey 60 Gracechurch Street are all set to reshape the City's skyline. According to global property consultancy Knight Frank, prime rents in the City have surged by 16 per cent over the past year, with availability standing at a mere 0.5 per cent.

New serviced office hub coming to Birmingham
Commercial Property 2025-12-30 23:24:31

New serviced office hub coming to Birmingham

A new serviced office hub is coming to Birmingham's business district. Leeds-based workspace provider Gilbanks has announced plans to create a 22,000 sq ft hub in the Five St Philips building off Colmore Row after signing a 15-year deal. It will be the company's fourth operation when it opens in September, joining two sites in Manchester and another in Leeds. Planned facilities include changing rooms, an event suite overlooking Birmingham Cathedral and a club lounge reception. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. The firm will work with managing agent JLL to provide reception services and operate the communal amenities. Will Hawking, sector lead at landlord Royal London Asset Management Property, said: "We are committed to delivering best-in-class, sustainable workspace across the UK so it is important for us to work with partners who share that outlook. "The partnership with Gilbanks raises the bar and sets a new blueprint for multi-let office buildings." Property agencies CBRE, Knight Frank and Savills acted on the deal.

Embrace the Art of Value Investing: Unleashing the 'Chipotle' Effect with Strategic Patience
Investment Focus 2025-12-13 19:52:00

Embrace the Art of Value Investing: Unleashing the 'Chipotle' Effect with Strategic Patience

The Impact of Patience in Pursuing Value Value investing, rooted in the principle of 'margin of safety', is an esteemed investment approach endorsed by legends like Warren Buffett and Benjamin Graham. This method involves purchasing assets at prices substantially below their actual worth, thereby creating a cushion against market fluctuations. To grasp this concept more thoroughly, consider the example of Chipotle Mexican Grill. Practical Application of Margin of Safety In 2025, Chipotle encountered a severe challenge due to an E. coli outbreak, which caused its stock price to plummet from a peak of $760 per share to a trough of $250. While this incident appeared catastrophic, it actually represented an excellent opportunity for perceptive value investors. Assessing Core Strengths: Despite the crisis, Chipotle's robust brand and robust business framework remained unscathed. Identifying Market Overreaction: The stock's sharp decline suggested a substantial discount from the company's intrinsic value. Exploiting the Situation: Investors who recognized the crisis as temporary and had faith in Chipotle's long-term prospects were able to acquire shares at a significant markdown. The Indispensable Virtue of Patience Discovering undervalued firms is an optimal scenario, but it's not always feasible. Often, superior companies are not available at a discount. This is where patience becomes essential for value investors. As Charlie Munger once remarked, "Make money while we wait." Staying Alert: Rather than chasing fleeting chances, value investors often maintain a watchlist of respected companies. Developing Patience: They bide their time, waiting for these companies to become undervalued due to temporary setbacks, negative news, or overreactions. Reaping the Benefits: When the market offers an opportunity—a significant discount from intrinsic value—they are poised to seize it, taking advantage of the mispricing. Warren Buffett's 'Inactivity' Philosophy Warren Buffett has emphasized the importance of patience in investing, often characterizing his strategy as "inactivity bordering on laziness." Concentrating on Long-Term Potential: Buffett and Munger prioritize finding companies with sustainable competitive edges and promising futures. Reducing Trading Frequency: They eschew constant trading and unnecessary actions, choosing instead to hold onto quality companies for the long haul. Adopting Patience: They comprehend that substantial investment triumphs often stem from waiting for the right opportunities rather than pursuing quick profits. Conclusion The Chipotle example illustrates the effectiveness of the margin of safety principle and the importance of patience in value investing. By recognizing and anticipating undervalued opportunities, investors can markedly improve their prospects for enduring success. Remember, true investment acumen often lies in understanding that the most significant rewards often arise from inaction—or, more precisely, from patiently waiting for the opportune moment to act.

Birmingham office block sold
Commercial Property 2025-12-11 02:26:17

Birmingham office block sold

An office block in south Birmingham has been sold. Two Devon Way, in Longbridge, has been offloaded by St Modwen to UKO Serviced Offices for £3.75 million. The 29,479 sq ft office building was built in 2007 by St Modwen and is used as its head office as well as being let to engineering consultancy Wardell Armstrong. St Modwen is leading the long-running regeneration of Longbridge following the collapse of car manufacturer MG Rover in 2005 including building new housing, offices and retail space. Birmingham-based property agency MK2 sold the building on behalf of St Modwen. Director Mark Johnson said: "Longbridge is emerging as something of a hotspot in the M42 office market, with occupiers favouring its fast transport links, good local labour supply and excellent ESG credentials. "Product doesn't come up too often here, so interest in this freehold investment opportunity was keen."

The Common Misconception About Financial Advisors for Investment Achievement
Investment Focus 2025-12-17 16:22:12

The Common Misconception About Financial Advisors for Investment Achievement

A widespread belief in the financial sector is that financial advisors are the secret to successful investing. This belief may stem from the compelling marketing strategies employed by financial advisory firms. However, it's crucial to understand that many investors who manage their investments independently often achieve better results than those who depend on advisors, especially considering the fees that can substantially reduce their earnings. If you're questioning the need for a financial advisor to achieve profitable investing, consider these insights. 1. Financial Advisors Don't Aim to Beat the Market It's not anticipated that financial advisors will beat the market. Their role is more similar to that of a navigator or mentor, helping to set financial goals, providing support during tough times, and encouraging wise financial decisions. You should assess if their advice merits the 1% annual fee charged against your investment portfolio. 2. Fees Are Inescapable Regardless of Outcome Financial advisors charge fees that are not performance-based but are instead linked to the size of your investment. This implies that even if they fail to increase your wealth, you are still required to pay for their services. This setup introduces unnecessary risk and cost to your investment strategy and offers little motivation for advisors to pursue exceptional results. Their main focus is to maintain the assets under their management. Although they earn more if they grow your wealth, they receive compensation no matter the investment outcomes. 3. Investing in the S&P 500 Delivers Greater Returns Passively investing in the S&P 500 index ETF, SPY, often leads to higher returns than what you might get with the help of a financial advisor. The S&P 500 frequently surpasses the performance of portfolios managed by financial advisors. Why is this the case? The reason lies in the limited investment strategies available to financial advisors, along with the fees they charge, which are a percentage of assets. Advisors must pass the Series 65 exam to become SEC-licensed, which is based on the Efficient Market Hypothesis – the idea that consistently beating the market is not possible. Promoting high-risk strategies, such as those suggested by Warren Buffett, could risk their license. As a result, they typically avoid such strategies. Moreover, to justify their fees, advisors must outperform the S&P 500 by an amount equivalent to their fee. Given their tendency to diversify portfolios, after their fees are deducted, your returns often fall short compared to an index ETF. 4. Outstanding Returns with Selective Long-Term Investments While the S&P 500 may offer better returns than hiring a financial advisor, some of the world's most successful investors suggest an even more effective approach. Unrestricted by SEC regulations and the risk of losing a license, you can choose a few individual companies and buy them at a discount during market fluctuations. Identifying top-tier companies and waiting for the right time to purchase them is the most effective investment strategy. This strategy has created more millionaires and billionaires than any other. Mastering the Art of Investing Individual investors, free from fees and SEC regulations, have the potential to outperform the market, unlike financial advisors. Buffett has stated that if he were managing only $1 million, he could achieve a 50% return in today's market. As

Embarking on a Journey to Affluence: Unraveling the Elite's Investment Techniques
Investment Focus 2025-12-26 06:24:56

Embarking on a Journey to Affluence: Unraveling the Elite's Investment Techniques

Within the vast array of investment strategies present in the current market, value investing stands out as a distinguished and long-lasting approach. It serves as the foundation of the Rule One investment philosophy. In this in-depth analysis, we will uncover the fundamental principles of value investing and its distinction from Rule One. The Essence of Value Investing Value investing is a method that seeks to purchase companies with a lower price-to-earnings ratio. Pioneered by Ben Graham, the mentor of Warren Buffett, this strategy is detailed in his seminal work, ‘Security Analysis,’ first published in 1934 and still highly relevant today. Graham termed this approach ‘value’ investing because the goal is to acquire more value than the amount invested. The core concept revolves around obtaining $10 worth of value for a $5 investment. Graham recommended investing in a diverse portfolio of undervalued companies, often around 200, to mitigate the risks associated with investing in companies that are cheap for valid reasons, such as potential bankruptcy. For Graham, a stock was deemed undervalued and investment-worthy if it could be purchased for less than its liquidation value, which is derived from the company's net assets per share. While the foundational principles of this ageless technique remain valid, they were especially effective during the Great Depression and World War II, periods when Graham was actively engaged in investing. The Evolution of Value Investing As Warren Buffett entered the investment scene, the economic landscape had changed, making it more challenging to find companies that were significantly undervalued. What was the adaptation? To address this, Buffett refined the theory, focusing on identifying not only undervalued companies but also those that were exceptional businesses with a predictable future. This required a deep understanding of the business, which naturally narrowed the scope of investments to what Buffett referred to as your ‘circle of competence.’ The Rule One strategy builds upon this evolution, concentrating on exceptional businesses that display specific characteristics. The Rule One perspective on value investing posits that the most effective way to achieve substantial returns is to identify a few companies that are inherently excellent, led by capable individuals, and are priced significantly below their actual worth. A business that meets these criteria is considered a Rule One stock. Defining Rule One Stocks Essentially, a Rule One stock is one that is priced below its intrinsic value. The challenge lies in determining what the intrinsic value is. Intrinsic value is a term frequently used in value investing, and for good reason—it is crucial. While value investors often base decisions on the perceived low cost of a business, Rule One investors understand that it is preferable to invest in an exceptional business at a fair price rather than a mediocre business at a low price. This is why Rule One investors must have a comprehensive understanding of the companies they invest in. We must know the business well enough to recognize its excellence. I will later teach you how to identify outstanding companies and assess their intrinsic value. The Value Investing Mindset There is a value investing mindset that is essential to understand. Grasping this mindset is a vital step in mastering value investing. Although it may seem straightforward, purchasing $10 bills for $5 can be emotionally challenging, but these mindset tips will aid you in mastering it. Fear as an Ally Buffett stated that the key to outstanding investment outcomes is to buy when fear is present. Fear is what causes the market price of an excellent business to be significantly lower than its value. In fact, fear is the sole factor that makes the market price of a business incorrect. Without fear surrounding this business, industry, or economy, the business

Embarking on a Path to Wealth: Decoding the Strategies of the Prosperous 6079
Investment Focus 2026-01-06 23:42:11

Embarking on a Path to Wealth: Decoding the Strategies of the Prosperous 6079

The investment landscape is teeming with diverse strategies, but value investing emerges as a prominent and enduring method. It forms the cornerstone of the Rule One investment approach. In this comprehensive exploration, we delve into the core tenets of value investing and how it differs from Rule One. The Core of Value Investing Value investing is a technique aimed at acquiring companies with a lower price-to-earnings ratio. Originated by Ben Graham, who was also the mentor of Warren Buffett, this strategy is thoroughly explained in his influential book, ‘Security Analysis,’ first published in 1934 and still pertinent today. Graham named this method ‘value’ investing because the objective is to secure more value than the investment made. The fundamental idea is to get $10 worth of value for a $5 investment. Graham suggested investing in a broad portfolio of undervalued companies, often around 200, to reduce the risks associated with investing in companies that are cheap for legitimate reasons, such as the potential for bankruptcy. For Graham, a stock was considered undervalued and an investment opportunity if it could be bought for less than its liquidation value, which is calculated from the company's net assets per share. While the foundational principles of this timeless technique remain valid, they were particularly effective during the Great Depression and World War II, times when Graham was actively investing. The Progression of Value Investing As Warren Buffett entered the investment arena, the economic environment had shifted, making it more difficult to find companies that were significantly undervalued. What was the modification? To tackle this, Buffett adapted the theory, focusing on identifying not only undervalued companies but also those that were outstanding businesses with a foreseeable future. This necessitated a deep understanding of the business, which naturally limited the scope of investments to what Buffett called your ‘circle of competence.’ The Rule One strategy builds on this evolution, concentrating on exceptional businesses that exhibit specific traits. The Rule One perspective on value investing asserts that the most effective way to achieve significant returns is to identify a few companies that are inherently excellent, led by competent individuals, and are priced significantly below their actual worth. A business that meets these criteria is considered a Rule One stock. Defining Rule One Stocks A Rule One stock, essentially, is one that is priced below its intrinsic value. The challenge is in determining what the intrinsic value is. Intrinsic value is a term frequently used in value investing, and for good reason—it is crucial. While value investors often base decisions on the perceived low cost of a business, Rule One investors understand that it is preferable to invest in an exceptional business at a fair price rather than a mediocre business at a low price. This is why Rule One investors must have a comprehensive understanding of the companies they invest in. We must know the business well enough to recognize its excellence. I will later teach you how to identify outstanding companies and assess their intrinsic value. The Value Investing Mindset There is a value investing mindset that is essential to grasp. Understanding this mindset is a vital step in mastering value investing. Although it may seem straightforward, purchasing $10 bills for $5 can be emotionally challenging, but these mindset tips will aid you in mastering it. Fear as an Ally Buffett stated that the key to exceptional investment outcomes is to buy when fear is present. Fear is what causes the market price of an excellent business to be significantly lower than its value. In fact, fear is the only factor that makes the market price of a business incorrect. Without fear surrounding this business, industry, or economy, the business

Avison Young wins Alexander Stadium brief
Commercial Property 2026-01-03 23:02:55

Avison Young wins Alexander Stadium brief

Consultancy Avison Young has been appointed as property manager for the Alexander Stadium in Birmingham. The athletics stadium in Perry Barr, which was the centrepiece of the 2022 Commonwealth Games, is also set to become the first UK stadium to host the European Athletics Championships when it comes to the city next year. A £72 million investment was made to upgrade the stadium for the Commonwealth Games while surrounding infrastructure such as Perry Barr station also underwent improvement work. The stadium's transformation includes the creation of commercial spaces in the new West Stand, sporting facilities and tenanted areas in the West and East stands. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Last year, Birmingham City University relocated its sport and exercise science campus to the stadium, using its own funding to fit out the spaces. The move included repurposing the areas beneath the East and West grandstand seating which has now been established as office and teaching spaces. The development has created two multi-let commercial buildings that stand on their own estate. Current occupiers in the stadium also include Birchfield Harriers athletics club, Corporate Sporting Events and UK Athletics. Avison Young has been appointed to provide guidance in establishing an appropriate and transparent management framework that aligns with the characteristics of the complex. The firm will provide surveying and accounting services to manage landlord and tenant relationships. Its appointment represents an extension of the work Avison Young is already undertaking for the stadium's owner Birmingham City Council across a range of other commercial assets. Guy Thompson, principal at Avison Young UK, said: "We are proud to be involved in supporting the legacy of the Commonwealth Games and contributing to the long-term success and evolution of Alexander Stadium. "This distinctive asset presents an exciting and unconventional challenge. We are committed to maximising the value of the investment and enhancing the stadium's role as a key asset for the city and wider region." Cllr Mariam Khan, cabinet member for health and social at the city council, added: "Collaborating with Avison Young will be instrumental in enhancing the relationships with our partners based at Alexander Stadium. "Their expertise in bespoke property management makes them an ideal partner to help us unlock the full potential of the stadium.

WealthTek boss John Dance charged with £64m fraud and money laundering
Finance 2025-12-30 16:19:53

WealthTek boss John Dance charged with £64m fraud and money laundering

The former head of North East wealth management firm WealthTek has been charged with a string of offences that regulators say helped fund a “lavish lifestyle” including racehorses and a Newcastle nightclub. The Financial Conduct Authority (FCA) has charged John Dance with nine criminal offences, including fraud and money laundering, in what it has called one of the most serious and largest frauds it has investigated. More than 18 months after Tyneside-based WealthTek was ordered to be closed, the financial watchdog has alleged the 50 year-old stockbroker fraudlently abused his position of trust at WealthTek and Vertus Asset Management LLP for his own personal gain. Between 2014 and 2023 Mr Dance is said to have transferred more than £64m from client accounts to those he controlled. The FCA says he laundered the funds through his personal and business bank accounts including £723,000 to buy six racehorses, including the high profile Cheltenham Gold Cup runner-up Bravemansgame in 2019. He is also said to have transferred £806,500 in 2014 and £3.9m in 2020 to buy residential and commercial property. Mr Dance also charged with three further offences of dishonestly making false representations about WealthTek’s regulatory permissions to continue his alleged fraud. The WealthTek founder has been released on bail and is due to appear at North Tyneside Magistrates Court on January 3. Meanwhile the special administration of WealthTek is still underway with some of the company’s former clients now starting to receive assets and money back. Since the sudden closure of the firm in April last year, clients - many of whom are pension savers - have been left in limbo, unable to access their funds. Earlier this year a High Court judge recognised the “mental, emotional and financial hardship” caused to former WealthTek clients caused by the shortfall between what they should have been received and what is now proposed to be returned under a distribution plan. The court said it had received letters from some clients conveying a sense of injustice that the costs of returning their assets and money - a proposed £2,300 per person - are to come out of money provided by the Financial Services Compensation Scheme (FSCS) which can make up to £85,000 per client available. The FSCS funds would otherwise be available to meet shortfalls, of which administrators have found £81.4m missing from WealthTek in a lengthy process which has involved trawling through the firm’s inaccurate books. Late last year, a worldwide freezing order on around £40m of assets belonging to Mr Dance was upgraded to a Restraint Order under the Proceeds of Crime Act 2002, preserving them for possible future confiscation should there be a criminal conviction

Historic Birmingham building on the market
Commercial Property 2025-12-19 20:32:25

Historic Birmingham building on the market

An historic Birmingham building at the centre of plans to create a new hotel and leisure complex has been placed on the market. Methodist Central Hall, in Corporation Street, is being marketed by property agencies Savills and Sanderson Weatherall but a guide price has not been disclosed. Built in 1904 by local architects Ewan Harper and James A Harper, the grade II*-listed, terracotta building totals 90,400 sq ft of space. It is a well-known landmark in the city centre, once home to the famous Que Club until 2017 which hosted a wide range of bands such as Daft Punk, David Bowie and Blur. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. But it has been mostly empty for many years, has fallen into a state of disrepair and has previously been named on Heritage England's At Risk Register. In 2022, Irish outfit Press Up Hospitality and sister company Oakmount won planning consent from the city council to regenerate the building to create a new 155-bedroom hotel called 'The Dean'. Other plans include a rooftop restaurant, food and beverage units and restoration of the central hall for events while a three-storey extension would be added to the building's roof. The developers estimated that the project could create 400 jobs. However, no work on creating the mixed-use complex has taken place and last year receivers were appointed by the project's funder. Michael Maguire, director in the Savills Birmingham development team, said: "The sale of Central Hall presents a rare freehold development opportunity to acquire arguably one of Birmingham's most iconic Victorian buildings in Birmingham city centre.

JD Sports updates plans for new 'campus' HQ that will 'rival Facebook and Google'
Commercial Property 2026-01-01 20:44:23

JD Sports updates plans for new 'campus' HQ that will 'rival Facebook and Google'

JD Sports, the fashion retail behemoth, has unveiled revised plans for a campus headquarters in Bury, which company leaders claim will 'rival Facebook, Google and Nike'. The proposed development at Pilsworth, near the M66, includes an all-weather sports pitch, running track and padel court for employees and guests. Preliminary plans for the campus were approved in 2023, and new road access and car parking off Pilsworth Way and Hollins Brook Road have been completed. JD Sports previously stated that they needed to invest millions into the working environment in Bury to 'attract talent' and compete with the facilities offered by global brands and tech firms. Bury Council's planning committee will review detailed plans for 'phase two' of the project next week. The new hub would be a three-storey building serving as a 'central office', featuring offices, a gym, restaurant, cafe, meeting rooms, training facilities and a presentation theatre with outdoor terraces. The building, designed with two wings connected by a central atrium and linked on the first and second floors by a bridge, could accommodate around 2,000 workers. Nearby, multi-purpose all-weather pitch and circular running track would be constructed. The latest plans have scaled down the building from four storeys to three, and previously approved plans for an employee crèche have now been scrapped, reports the Manchester Evening News. JD Sports, currently operating out of three buildings on Pilsworth Road and employing around 1,300 people, is one of the largest employers in Bury. The sports and leisure firm referred to the creation of the campus as 'a pinnacle moment in our company's history' when the outline plans were approved. A design and access report supporting the latest plans stated: "The business is seeking to work with their employees to improve staff retention." It further added, "JD recognise the need to update and improve on the benefits that the business provides for employees. The requirements include an improved food and beverage offer on site, gym and recreation facilities, training environments and collaborative working spaces." The planning committee meeting will decide on the application on Tuesday, January 28.

Embarking on the investment journey: A Guide to Wealth Creation
Investment Focus 2026-01-01 02:50:00

Embarking on the investment journey: A Guide to Wealth Creation

Venturing into the realm of investing is akin to embarking on a voyage that can unlock significant value and potentially generate wealth across generations. Even the most experienced investors, such as Warren Buffett, began their journey with limited knowledge. The key to success lies in adopting the right approach, a commitment to financial independence, and a consistent dedication to learning. With these tools, anyone, including you, can accumulate wealth over time. While the initial steps might seem intimidating, I am here to outline a clear path to prosperity that many successful investors have followed. Buffett emphasizes two fundamental investment principles: Rule #1 – Protect your capital, and Rule #2 – Remember Rule #1. Adopt the simple investment philosophy taught by Buffett, Ben Graham, and Charlie Munger, who are giants in the investment world. You can gain the knowledge needed to become an investor and, more importantly, accumulate wealth that will support you and your family for years to come. Speaking from personal experience, having walked this path, if I could do it, so can you. Join me on this remarkable journey. Embarking on the Investment Pathway in 8 Stages The investment journey can be broken down into 8 manageable stages that anyone can start, regardless of their current financial knowledge or status, even if you began with no capital like I did. What you need is an understanding of the strategies used by successful investors, and soon, you too can relax and watch your wealth grow. You won't be alone in this endeavor. I will accompany you throughout your investment journey, sharing the invaluable insights I've gained from my own experiences and those of the renowned investors who have blazed the trail before us. After all, if you aspire to become an investor, why not learn from the best? 1. Acquire Quality Investment Materials Let's start with the first step: securing the right investment materials, as finding reliable educational resources is crucial to your investment success. The challenge with finding credible resources is the lack of an official curriculum for Rule #1. This means the barrier to entry for educators is low—virtually anyone can teach 'investing', including those from prestigious universities. As a result, there is a plethora of misinformation out there. In fact, Charlie Munger once said that he believes 95% of financial professionals make witch doctors seem respectable. To assist you, I've compiled a virtual library filled with tools and resources that I consider to be beneficial. You may eventually use every resource in that library, as part of being an investor involves continuous learning. For instance, I was invited to Japan to meet Wahei Takeda, an 84-year-old billionaire, often referred to as Japan's 'Warren Buffett'. He had read my book, Rule #1, and was eager to discuss it with me. He exemplifies a person who never stopped learning. Even as an octogenarian billionaire, he remained curious and open to new investment materials. Use these resources to establish a foundational understanding of Rule #1 investing and refer back to them when needed. 2. Grasp the Fundamentals of Investing With the right resources at your disposal, you can begin to learn the essentials of investing. Investing, primarily in stocks, is genuinely straightforward. Stocks represent ownership in a business, and to be a successful investor, you must first understand the business. Then, ensure it has an inherent quality that protects it from competition. Afterward, have confidence in the CEO's integrity and ability. Lastly, understand the value and purchase it with a significant margin of safety. These four simple concepts have created more millionaires and billionaires than

Oil distributor opens new regional head office and two depots
Commercial Property 2025-12-12 19:25:33

Oil distributor opens new regional head office and two depots

A UK oil distributor has opened a new regional head office in Exeter along with two South West depots in Avonmouth and Plymouth. Your NRG said the expansion would mean it was able to supply commercial fuel and domestic heating oil across Gloucestershire, Wiltshire, Somerset, Devon and Cornwall. The opening of the the two new South West depots brings the number in the Your NRG network to 17. The company supplies more than 600 million litres of fuel and heating oil to homes and businesses across the UK, including in the Midlands, East Anglia and the North of England. "The opening of our Avonmouth and Plymouth depots is a proud moment for Your NRG. It reflects our ongoing commitment to ensuring that homes and businesses across the South West have access to reliable, cost-effective fuel solutions," said Lee Reason, commercial director at Your NRG. The Avonmouth depot will cater to domestic and commercial fuel customers, while the Plymouth depot will supply commercial fuel. "At Your NRG, we’re driven by the needs of our customers," added Mr Reason. "The Avonmouth and Plymouth depots allow us to better serve families, farmers, and businesses in the South West, ensuring they have access to affordable, high-quality fuel when they need it most."

Manchester's building boom falters to 'lowest level in 10 years' as huge developments fall through
Commercial Property 2025-12-10 15:20:37

Manchester's building boom falters to 'lowest level in 10 years' as huge developments fall through

The great Manchester building boom slowed to its lowest level in a decade, the latest Deloitte crane survey has shown – but analysts are optimistic there's more development to come. The city saw the start of only 20 new construction projects in 2024, which the survey said was the 'lowest level in 10 years'. Despite the successive decline in new starts over three years, John Cooper, infrastructure and real estate partner at Deloitte, holds an optimistic view regarding Manchester's prospects. He said: "You only need to look at the skyline in Manchester to see just how much the city has changed over the last decade, as it has transformed it into a dynamic innovation hub. Our survey's findings demonstrate that despite ongoing pressures and a decrease in new starts, Manchester's construction sector remains active." In the combined area of Manchester and Salford, there were 58 developments under construction over the past year. That led to an 'significant increase' in completed projects, with 27 reaching completion. Residential initiatives were central to the construction sector, with 4,448 new homes finished in the previous year, while another 10,788 homes were still being built. With residential projects constituting over half of the new schemes and approximately 9,000 additional homes predicted to be ready within two years, market analysts suggest that "Manchester is on track to exceed the average annual demand for homes", reports the Manchester Evening News. Mr Cooper, said: “Despite economic headwinds and political uncertainty shaping much of 2024, the residential market in Manchester continues to deliver strong results. “The city’s commitment to addressing housing needs and the projected completions of approximately 9,000 new homes over the next two years means Manchester is on track to exceed the average annual demand for homes, identified in Greater Manchester policy.” “With Manchester’s leading higher education institutions also bringing in thousands of students every year, the city’s student residential sector is continuing to deliver more bedspaces, with a number of new permissions granted to ensure growing student demands can be met.” Office openings in Manchester have seen a significant increase, with 1.07 million sq ft marking the largest total since 2020. However, concerns persist about the lack of new office space available in the city centre in the coming years Mr Cooper added: “The shift to hybrid working patterns has created an opportunity to deliver high-quality office space that prioritises collaboration and sustainability. Manchester has certainly embraced this trend whilst seeing a shift towards refurbished offices which represents 68% of the total floorspace under construction in 2024. The pipeline of activity is strong, ensuring Manchester remains at the forefront of hybrid, sustainable office spaces that cater to changing working dynamics.” Professor Duncan Ivison, Vice-Chancellor of the University of Manchester, emphasised 'there is more to do' in 'attracting top talent to the city-region and empower them to push the boundaries of discovery and innovation'. In the hospitality sector, 258 new hotel rooms were completed last year, with an additional 1,181 expected by 2028. This expansion will support the growing demand for visits to Manchester, which has been boosted by the opening of Aviva Studios in 2023 and Co-op Live in 2024. Deloitte now estimates Greater Manchester's tourist economy to be worth £8.7b, a figure also bolstered by fans attending Manchester City and United matches. Last week BusinessLive reported on Manchester's big ambitions to become a £15bn tourist city. “Manchester boasts many unique cultural offerings, from its iconic music scene to its globally renowned football teams. New leisure developments are making the city a must visit destination, bringing world-class artists right to our doorstep. “The tourism sector was hit hard during the pandemic, however it’s clear that it has come out the other side stronger and more resilient, with Manchester alone accounting for £4.65 billion of tourism and supporting around 45,000 jobs. As a result, the demand for hotel rooms is growing further, with a strong development pipeline helping to ease strains on the sector.”

Venture capital investment in South West firms soars 82%
Finance 2025-12-30 10:16:10

Venture capital investment in South West firms soars 82%

Companies in the South West raised more than £104m of venture capital (VC) funding in the last three months of 2024 - up a staggering 82% on the previous quarter. The region ranked fourth in the UK overall for VC investments, trailing only London (£2.9bn), the South East (£637.8m) and the East of England (£480.5m), which encompass Oxford and Cambridge. According to KPMG’s latest Venture Pulse report, 28 transactions were completed across the West Country, up from 21 in the previous quarter, with the highest proportion of deals taking place in Bristol, where seven VC investments took place. A huge £47.4m was raised by Bristol-based fulfilment services firm Huboo Technologies alone over the period - over half of the total figure raised. Investment in Huboo Technologies drove an overall strong quarter for both business-to-business and business-to-consumer product and service providers in the South West, with £73.9m invested in a total of 13 companies, spanning logistics, aerospace, environmental services and automotive. IT was also a robust sector in terms of VC investment, with more than £14.7m invested across 11 regional companies. David Williams, office senior partner for the South West at KPMG UK, said: “It’s great to see such a steep increase in VC investment in the South West during Q4, positioning it as the fourth largest UK region for the quarter, which is testament to the region’s thriving private business ecosystem. “Looking ahead to 2025, we’re excited to see the continued growth of the South West’s most promising firms, which span a huge range of sectors, especially those that make the most of VC funding to pursue expansion.” The UK attracted the highest level of VC investment in Europe in 2024, following a strong end to the year, KPMG said. Britain raised a total of £15.5bn VC investment after funding in Q4 jumped by more than a third from £3.1bn to £4.4bn. This was driven largely by $1.3bn raised by Greenscale, a London-based AI data centre firm. A total of 569 businesses made up the £4.4bn investment, including £409m raised by Insider and £303m raised by Lighthouse.

7 Clever Tactics for Mindful Money Management
Investment Focus 2025-12-23 20:09:21

7 Clever Tactics for Mindful Money Management

Financial struggles often stem not from a lack of income but from spending beyond one's means. During my early investment days, I worked as a Grand Canyon river guide with a modest annual salary of $4000. Despite this, I managed to live comfortably for ten years, residing in my VW bus and occasionally on the floor of the Transcendental Meditation Center in Flagstaff during the coldest nights. While you may not want to adopt my extreme thriftiness, it's feasible to live within your budget and even save for investments by learning a few straightforward strategies. 1. Perfecting Expense Tracking To effectively manage your finances, it's crucial to understand where your money is spent. Instead of the monotonous task of budgeting and tracking every cent, which can be as unenjoyable as counting snowflakes on a winter's day, consider a more intuitive approach. Gather several envelopes and a black marker. Label each envelope with a spending category, such as "fuel," "eating out," or "groceries." After receiving your paycheck, allocate a portion of cash to each envelope based on your projected expenses for that period. If you anticipate spending $200 on fuel, place that amount in the "fuel" envelope. Continue this process until you've either run out of envelopes or cash. If you find empty envelopes before your cash runs out, rearrange the funds to cover your essentials. Spend only the cash from the designated envelopes, avoiding credit cards and other payment methods. If the "groceries" envelope is empty, it's time to get creative with your meals. By following this method for a few pay periods, you'll gain insight into your spending habits and identify areas where you can cut back. 2. Curbing Impulsive Buying I must confess, I have a propensity for impulsive purchases. However, when funds are limited, such as in my early days, this habit is naturally subdued. To control your impulses, question the necessity of any purchase over $50. Consider its impact on your life and whether it's worth the cost. Apply this discipline especially to food purchases. You may find that not only do you spend less, but you also eat healthier, potentially even losing weight in the process. Ask yourself: How long will the item last? Will it put you in debt? Is the value it provides over time worth the expense? 3. Credit Card Usage: Pay in Full Each Month Credit cards are not inherently bad, but they often represent a trade-off between discipline and convenience, which is usually not a favorable exchange. As you work on financial discipline, keep those cards in your wallet and use cash for your transactions. If you must use a credit card, ensure you pay off the balance in full each month. This practice will help you track your spending without incurring interest charges, effectively making it similar to paying with cash. 4. Ditch the Need to Impress Let go of the desire to impress others; no one is truly concerned with your choices. People are more focused on their own image and what others think of them. Embrace individuality and avoid the common trap of spending to maintain a certain image. This often leads to unnecessary expenses on cars, clothing, and other superficial items. I've always been good at this; I didn't care about impressing others. My possessions were minimal, and I focused on buying what I truly enjoyed rather than what others might think. 5. Identify and Eliminate Budget-Draining Habits Living on a shoestring budget for over a decade taught me the importance of avoiding bad spending habits. If you have any, it's a sign that you likely have more money than necessary. Examine your habits for leaks in your

Understanding Market Capitalization: A Key Investment Metric 1504
Investment Focus 2025-12-22 02:29:25

Understanding Market Capitalization: A Key Investment Metric 1504

Market capitalization, commonly referred to as "market cap," is a foundational yet nuanced concept in the realm of finance that is pivotal for assessing the value of publicly traded companies. While it may seem intricate, it's important to remember that market cap should not be the exclusive factor when making investment decisions. This piece aims to clarify the concept of market capitalization, its significance, the method of calculation, and its application within investment strategies. We will also explore the spectrum of market cap categories, including large-cap, mid-cap, and small-cap firms. The Essence of Market Capitalization Market capitalization essentially reflects the stock market's assessment of a company's value. This assessment is derived by multiplying a company's total outstanding shares by its current share price. An increase in either the number of shares or their market value results in a higher market cap. It can also be viewed as the theoretical cost of purchasing the entire company in a single transaction. Market Capitalization vs. Intrinsic Value There is a widespread misconception that equates market cap with a company's actual worth. Even some scholars have mistakenly assumed that market prices accurately represent a business's intrinsic value. However, as Warren Buffett has highlighted, this is often not the case. A company's market cap is based on its share price, which, as we know, does not consistently align with its fundamental value. Consider the volatile stock prices of meme stocks like GameStop and Dogecoin, which are more influenced by social media buzz than the companies' underlying values. It is crucial to acknowledge that a stock's price does not always represent a company's value, making market cap just one piece of the investment puzzle. The Significance of Market Capitalization If market cap is merely an indicator of price, why is it important? A company's market cap signifies its size, helping investors to estimate the company's scale and growth potential. While market caps can vary significantly, investors typically categorize them into small-cap, mid-cap, and large-cap companies. These categories can assist individual investors, but they are more frequently used by fund managers to diversify their clients' portfolios with a mix of smaller and larger companies. Large-Cap Stocks Companies with a market cap above $10 billion are classified as large-cap. Large-cap companies are generally stable, with a solid track record and significant market share, although they are not without risk. The potential drawback of large-cap stocks is their slower growth due to their established market position. An example of a large-cap company is Walmart, with a market cap of approximately $370 billion. Mid-Cap Stocks Mid-cap companies have a market cap ranging from $2 billion to $10 billion. They may serve niche markets or face competition that prevents them from becoming large-cap companies. Alternatively, they could be newer companies in a high-growth phase. Examples include Robinhood, Hyatt Hotels, and Docusign. Small-Cap Stocks Small-cap companies have a market cap between $300 million and $2 billion. Companies below $300 million are considered micro-cap. Unlike large-cap companies, small-caps carry higher risk but also offer substantial growth potential with significant returns. Small-cap stocks include Coursera, SmileDirectClub, and Health Catalyst. Calculating Market Capitalization Calculating market capitalization is a straightforward process that can quickly determine the market caps of potential investments. Market Cap Formula Market capitalization

The Budget: 'Raising tax on businesses could hinder UK growth'
Finance 2025-12-26 00:54:27

The Budget: 'Raising tax on businesses could hinder UK growth'

The chancellor's plans to fill Britain's fiscal black hole by hiking tax on businesses could hinder UK growth, the boss of a South West chamber of commerce has warned. Phil Smith, managing director of Business West, said although "hard decisions" had to be made by government, he was "really concerned" by Rachel Reeves' Budget announcement on Wednesday. Under the plans, taxes will rise by £40bn - a large share of which will come from employers' national insurance contributions (NIC). From April next year, the amount companies pay on staff NIC will increase from 13.8% to 15%. "The tax burden on the business community could hinder the government’s much sought after growth and undermine investment decisions," said Mr Smith. "Employer NIC increases will leave companies with less money to invest in their staff and business’s success." The West Country chamber welcome measures for small businesses, including changes to the employment allowances and business rate relief for the retail, hospitality and leisure sectors. But it warned that "such fine margins" for industries where employment costs form a large share of the cost base would be "disproportionately impacted" by the extra employee contributions. "Our region has a strong economy that plays a key role in the UK’s overall economic success," Mr Smith added. "We regret that the South West seems to have been missed out from the Autumn Statement plans. Hence now more than ever it will be important for our devolved local and regional leaders to make the case for the government and private sector to invest in our region and its economic growth." The head of Devon's chamber of commerce echoed the concerns. He said the rise in NIC for employers would "undoubtedly have an impact" on the "already struggling" hospitality sector. “The government’s planned reductions in business rates for retail, hospitality, and leisure businesses from 2026-27, alongside the 40% interim relief, provide a promising foundation for economic stability," said Stuart Elford, the chamber's chief executive. “This relief will support local businesses across Devon as they continue to navigate high operational costs, and it points towards a sustainable future for our high streets and leisure spaces.” But Mr Elford called on the government to consider a targeted VAT reduction for hospitality, saying it could provide a "critical buffer" for the sector. Richard Marsh, deputy chief executive of Devon Chamber and chief executive of Exeter Chamber, added: “The hospitality industry is a cornerstone of our regional economy and needs tailored support to manage rising costs.

£300m investment vehicle for science and tech spinouts launches
Finance 2025-12-12 07:01:26

£300m investment vehicle for science and tech spinouts launches

A £300m investment vehicle to help university spinout companies in the South of England and Wales has been launched. SETsquared - a partnership between the universities of Bath, Bristol, Cardiff, Exeter, Southampton, and Surrey - and regional investment firm QantX are behind the initiative. The aim is to catalyse the creation and growth of science and technology firms addressing global challenges. Sir Richard Olver, chair of QantX, announced the details of the investment vehicle at Bristol City Hall on Friday (October 11) at the Regional Investment and Health & Life Sciences Summit. Science minister Lord Patrick Vallance, who was in attendance, said: “The UK is home to brilliant innovators, and this investment vehicle that brings together six universities with a private sector investment firm QantX will help turn great ideas into thriving companies that create high skilled jobs and exciting new products." SETsquared is widely recognised as one of the UK’s most successful innovation partnerships. Since 2002, its members have secured more than £5bn in investment and created over 15,000 jobs. Marty Reid, executive director of SETsquared, said: “Creating this new investment vehicle could be a vital step forward in addressing funding gaps we see today, and through a deep connection with our support ecosystem, could inspire a new generation of talent who will get technologies out of the lab and shape the industries of tomorrow." Richard Haycock, co-founder and chief executive of QantX, added: “We're witnessing a surge in university spin-outs led by brilliant founder entrepreneurs. By connecting these visionaries with risk capital and expertise in transformative fields like life sciences, sustainability, and deep tech, we're cultivating a thriving innovation ecosystem." The announcement comes just days before senior execs from some of the world's biggest firms prepare to gather in London for the government's Investment Summit. Ex-Google boss Eric Schmidt and Goldman Sachs chief executive David Solomon are among business leaders slated to attend. West of England's Labour metro mayor, who attended Sir Keir Starmer's first council of regions and nations in Scotland on Friday, will also be in attendance.

Alliance Pharma reports 'strong' performance after turbulent few months
Finance 2026-01-04 10:28:32

Alliance Pharma reports 'strong' performance after turbulent few months

Wiltshire healthcare firm Alliance Pharma has posted a rise in profits two months after making its chief operating officer redundant. The Chippenham-headquartered business reported underlying revenue of £84m for the six months ending June 30, 2024 - up from £81.4m over the same period in 2023. Profit before tax rose from £10.3m to £12.7m from the year before. The firm, which sells prescription and over-the-counter medicines, said demand for its scar treatment brand Kelo-Cote drove group revenues over the period. The company’s performance was assessed using so-called ‘alternative performance measures’ which are not defined under International Financial Reporting Standards (IFRS). The method is used by management to monitor ongoing business performance against shorter-term budgets and forecasts, and longer-term plans. Nick Sedgwick, chief executive of Alliance, said: "I am pleased by the performance we delivered in H1 24 as we continue to see the benefits of our investment in both marketing and innovation. Our free cash flow is expected to build strongly throughout the remainder of 2024, which we anticipate will enable us to reduce further our net debt and leverage by the end of the year.” Mr Sedgwick added: “I have also implemented a number of senior management changes to accelerate decision making and to bring the consumer closer to the heart of the business, and I see further opportunity to deliver efficiency gains and capability improvements over time.” News of the results follow tough few months for the company, which replaced its chief executive in May and delayed its results several times after problems with its audit. The business first delayed its results on April 5, on April 22 and then again on May 8. It said at the time its chief executive's departure was not linked to the issues with the audit.

Somerset Council warns over bankruptcy without steep council tax rise
Finance 2025-12-27 10:57:00

Somerset Council warns over bankruptcy without steep council tax rise

Somerset Council could be forced to declare bankruptcy this spring unless it implements steep council tax hikes or receives "exceptional" support from the central government. The local authority sounded the alarm on its financial crisis in November 2023 and managed to establish a balanced budget for February 2024 only by endorsing substantial savings, workforce reductions, and the disposal of commercial investments along with surplus land and property. To achieve a balanced budget for the 2025/26 fiscal year, the council is depending heavily on reducing its staff numbers, with redundancies contributing £34m to the planned £47m in savings. However, escalating costs and increased demand for services, especially in children's services and adult social care, have resulted in an anticipated budget shortfall of £66m despite these measures. Council leader Bill Revans is petitioning the government for "exceptional financial support" and has requested permission to increase council tax beyond the current 5% cap. Without such assistance, the council may be forced to issue a Section 114 notice, effectively admitting insolvency and inviting central government commissioners to intervene at the expense of taxpayers. Council tax bills are pegged to property valuations dating back to 1991, using a Band D property as the standard measure. In Somerset, though, there's a larger segment of the population residing in properties beneath the Band D threshold, rendering the council's capacity to generate revenue through council tax relatively limited when compared to more wealthy areas. The council has implemented cost-saving measures by overhauling its council tax support scheme—a change passed by the full council in December and is expected to yield annual savings of about £4m. Local authorities can only increase council tax by a maximum of 4.99% a year without having to hold a referendum - of which 2% is ring-fenced for adult social care, leaving 2.99% for other services. Mr Revans has sought intervention from deputy prime minister Angela Rayner, proposing a request to exceed this council tax cap, aiming to bring Somerset's rates closer to those of other local authorities in the South West. He said: "Without additional funding we have had no choice but to ask the government for permission to increase council tax above the5% cap. "This is not a decision taken lightly, but our council tax base is below the average nationally, and the feedback from our residents suggest they would rather pay more than see services cut. Last year, the previous government rejected our request for a 5% increase. "We warned that without reform this would mean deeper cuts and steeper tax increases in future. Sadly, this is now the reality." If the cap cannot be raised, the council has asked the government to extend its capitalisation directive - which allows the council to use the proceeds from selling off land, property and other publicly-owned assets to fund day-to-day spending on public services. The council has been in the process of selling off large amounts of its "non-operational assets" and inherited commercial investments to this end, with officers estimating that these sales would have generated around £50m by Christmas 2024. If the government fails to respond to Mr Revans' appeals, Somerset Council may be forced into de facto bankruptcy, issuing a Section 114 notice. This would result in government-appointed commissioners stepping in to make stringent decisions about the running of Somerset's public services, without substantial democratic input and at the cost of local taxpayers. Mr Revans added: "We have done everything we can to reduce our costs with a series of unprecedented and heart-breaking decisions since 2023. "We are determined to take decisions locally, remaining accountable to our residents, rather than calling in expensive commissioners who would take the same actions without local knowledge or accountability. We recognise that any increase in council tax will have a significant impact on our residents and have pledged to increase funding to our exceptional hardship fund, in place to provide support for residents on the lowest incomes."

Embarking on a Voyage to Financial Prosperity: Crafting a Fortune
Investment Focus 2025-12-28 05:34:56

Embarking on a Voyage to Financial Prosperity: Crafting a Fortune

Venturing into the realm of investments is akin to embarking on a voyage that promises to uncover significant value and the opportunity to generate wealth for generations. Even the most experienced investors, such as Warren Buffett, began their financial odyssey with limited knowledge. The key to investment success lies in adopting the right strategy, remaining dedicated to financial independence, and persistently committing to learning. Equipped with these tools, anyone, including you, can gradually build wealth over time. While the first steps might seem intimidating, I am here to offer a clear guide to wealth that has been followed by many successful investors. Buffett emphasizes two fundamental investment principles: Rule #1 – Protect your capital, and Rule #2 – Always remember Rule #1. Embrace the simple investment wisdom imparted by Buffett, Ben Graham, and Charlie Munger, who are giants in the investment world. You can acquire the necessary knowledge to become an investor and, more importantly, accumulate wealth that will support you and your family for years to come. Drawing from my personal experience, having walked this path, if I was able to achieve success, so can you. Join me on this remarkable adventure. Setting Sail on the Investment Odyssey in 8 Stages The investment journey can be broken down into 8 manageable stages that are accessible to anyone, regardless of their current financial knowledge or status, even if you started without any capital, as I did. What is necessary is an understanding of the strategies used by successful investors, and soon, you too can relax and watch your wealth grow. You will not be alone on this quest. I will be your guide throughout your investment journey, sharing the invaluable insights I have gathered from my own experiences and those of the distinguished investors who have blazed the trail for us. After all, if you aspire to become an investor, why not learn from the masters? 1. Acquire High-Quality Investment Materials Let's start with the first step: securing the right investment materials, as finding reliable educational resources is crucial to your investment success. The challenge in finding credible resources is the lack of an official curriculum for Rule #1. This means that the barrier to entry for educators is low—virtually anyone can teach 'investing', including those from prestigious universities. As a result, there is an abundance of misinformation in circulation. In fact, Charlie Munger once stated that he believes 95% of financial professionals make witch doctors seem respectable. To assist you, I have compiled a virtual library filled with tools and resources that I consider to be beneficial. You may eventually use every resource in that library, as being an investor involves continuous learning. For example, I was invited to Japan to meet Wahei Takeda, an 84-year-old billionaire, often referred to as Japan's 'Warren Buffett'. He had read my book, Rule #1, and was eager to discuss it with me. He exemplifies someone who never stopped learning. Even as an octogenarian billionaire, he remained curious and open to new investment materials. Use these resources to establish a foundational understanding of Rule #1 investing and refer back to them when needed. 2. Grasp the Fundamentals of Investing With the right resources at your disposal, you can begin learning the basics of investing. Investing, primarily in stocks, is genuinely straightforward. Stocks represent ownership in a company, and to be a successful investor, you must first understand the business. Then, ensure it has inherent quality that protects it from competition. Afterward, have confidence in the CEO's integrity and ability. Lastly, understand the value and purchase it with a substantial margin of safety.

Treasury minister defends pay packet of new value-for-money chief
Finance 2025-12-29 00:56:57

Treasury minister defends pay packet of new value-for-money chief

The UK's treasury minister has defended the £950-a-day pay which the Government’s new value-for-money tsar will receive. Darren Jones, a Bristol North West MP, said the rate of return for the improvements the UK would make looking at areas of spending "will be far, far greater". Speaking to LBC about David Goldstone, who will head up the new Office for Value for Money (OVFM), he said: “It is right that we pay people for their time. We can’t expect people to work for free. That is an important way in which we do things in this country. Actually, the day rate for David is, on a benchmark basis, competitive.” Mr Jones was also asked if he believed the markets would take fright after Labour’s Budget, similar to what happened after Liz Truss’s mini-budget. He replied: “No, I don’t, because we have got strong and robust fiscal rules in place. One of the reasons it is very different from the Liz Truss period is we have got the stability rule which means that day-to-day spending of public services will be paid for by tax receipts, not borrowing money each and every month as the last government did.” Mr Jones said the UK had "PTSD from Liz Truss” amid questions about market jitters following Labour’s first Budget in Government. Asked about the market response to the Budget, he said: “markets always respond to budgets in the normal way. There’s a lot of new information about the economy and the nation’s finances presented to Parliament, and it’s normal for markets to respond."

Manchester government hub hits key construction landmark
Commercial Property 2025-12-13 10:36:10

Manchester government hub hits key construction landmark

A new government hub in Manchester city centre has hit a key construction landmark as its developers are poised to announce who will win the tender for the next stage of work. The Government Property Agency (GPA) is set to open a hub in First Street that will house 2,600 civil servants from departments including the Department for Business and Trade (DBT), OFSTED and the Department for Education (DfE). Once the building is operational, more than 150 roles will be relocated to the city from several different government departments and agencies. Now the GPA has accepted the handover of the building after it reached practical completion of its Category A fit out. The works were completed by BAM Construct UK, on behalf of developer Ask Real Estate, and mean the nine-storey building is now ready for the internal fit-out to commence. The GPA says it has completed a competitive tender process for the subsequent fit-out works and that an announcement is due “in the next few weeks”. Parliamentary Secretary for the Cabinet Office, Georgia Gould, said: “It’s great to see the Manchester First Street Hub move onto this next stage of construction. “UK Government Hubs across the country help to consolidate our estate. Not only cutting waste by removing old inefficient buildings from our portfolio, but also giving people across the country the chance to work in the Civil Service, and driving economic growth in the local area.” Georgina Dunn, the GPA’s interim director of capital projects, said: “It’s very gratifying to reach this significant stage in the programme. This new state-of-the-art office will provide a home for civil servants from across the government in Manchester, making it one of the largest hubs for cross-departmental collaboration and operation outside London. The GPA remains immensely proud of the industry-leading sustainability, accessibility and workplace standards delivered by the Government Hubs Programme.” John Hughes, managing director at Ask Real Estate, said: “Bringing the GPA hub to practical completion is a huge testament to our commitment to driving sustainability in the workplace sector. Achieving a NABERS 5.5 Design for Performance rating – the first building in Manchester City Centre to reach this milestone – supports the high ambitions set by HM Government. “First Street and its extended neighbourhood will be boosted significantly when the GPA takes occupation. Lead developer Ask Real Estate and its joint venture partner, Richardson, secured a full pre-let of the building to the GPA which then signed a lease with building owners PIC in 2022. The £105m development was forward-funded by Pension Insurance Corporation (PIC). Its head of real estate origination, James Agar, said: “We are delighted to have reached practical completion on such an important project for PIC. The First Street hub is a great example of what can be achieved through public private partnerships. “The sustainability and ESG focus of this best-in-class building are clear to see, these were a key element of our investment case for the asset which will help us to pay the pensions of our policy holders. “The building deepens our relationship with the GPA and will assist the UK Government in delivering the transition to Net Zero. We look forward to the GPA taking formal occupation of the building and welcoming more than 2,500 civil servants to the site.”

Newcastle investors support £2m renovation of historic North Yorkshire hotel into wedding venue
Commercial Property 2025-12-19 10:45:36

Newcastle investors support £2m renovation of historic North Yorkshire hotel into wedding venue

The £2m transformation of a spa hotel near Darlington into a wedding and events venue has been completed following funding support from North East investor Tier One Capital. The Apartment Group's redevelopment of The Croft Hotel in Croft-on-Tees has already created 17 jobs, with the expectation of more in the future. The Newcastle-based leisure group, which owns and operates hotels, restaurants and bars across the North East, acquired the Grade II listed property in early 2023 for an undisclosed sum and set about upgrading it to fit its portfolio of wedding venues. Funding from the Develop North fund has helped the firm carry out extensive renovations including the building of six new bedrooms to add to the 24 at The Croft, a refurbished function suite, upgrades to the hotel's restaurant, wellness facilities, landscaped gardens and an 'enchanted wedding chapel'. It is the latest project for The Apartment Group which has specialised in renovating historic properties for the wedding market, including Grade II listed Whitworth Hall and Lartington Hall in County Durham, among others. The Croft Hotel was originally built in the early 19th century as a spa hotel and lies close to key tourism areas including the North York Moors and North Pennines Area of Outstanding Natural Beauty. Stuart Bailey, CEO of The Apartment Group, said: "The Croft Hotel has become an outstanding addition to our portfolio, and the investment has delivered a spectacular setting for weddings and events. It’s been incredible to see how the venue is now flourishing with couples from across the region choosing to celebrate their special day here. Develop North’s support was invaluable in realising our vision for the hotel, which has created new jobs and provided a real boost to the local economy. It’s fantastic to partner with a fund that truly believes in the potential of businesses like ours." The London Stock Exchanged-listed Develop North fund is managed by Newcastle-based wealth management and fund management firm Tier One Capital. To date, it has invested more than £80m in residential and commercial property developments in the North of England and Scotland.

**The Impact of Jack Sinclair's Leadership on Sprouts Farmers Market: A Comprehensive Analysis**
Investment Focus 2026-01-04 03:12:26

**The Impact of Jack Sinclair's Leadership on Sprouts Farmers Market: A Comprehensive Analysis**

At Rule One Investing, we firmly believe that outstanding leadership is the bedrock of enduring investment success. A superior CEO is characterized not just by financial achievements but also by their integrity, a track record of success, and a clear vision for the future. Leadership in business can either elevate or detract from a company's performance. Jack Sinclair, CEO of Sprouts Farmers Market, is a prime example of how a leader with integrity, vision, and experience can turn around a struggling business into a thriving one. His management style and strategic focus on core values have positioned Sprouts Farmers Market as a leader in the health-conscious grocery niche. The Role of Integrity in Effective Leadership Jack Sinclair is celebrated for his unwavering integrity. In his interactions with shareholders and during financial reports, he demonstrates a refreshing honesty about the company's performance. His willingness to discuss both successes and shortcomings openly is a rare quality that builds trust with investors. For investors, Sinclair's integrity is a sign of reliability. His candid admission of challenges reassures shareholders that he is committed to overcoming obstacles and celebrating achievements. This trait is crucial for a leader who is a steward of investor capital—someone who values long-term growth over short-term gains. Operational Expertise: Jack Sinclair's Impressive Background Jack Sinclair's extensive background in the grocery industry has been a key to his success at Sprouts Farmers Market. With over 30 years of experience, including his role as Vice President of Walmart's grocery division, Sinclair brought a wealth of knowledge to Sprouts when he joined in 2019. Upon joining Sprouts Farmers Market, the company was facing challenges in maintaining its competitive edge. Drawing from his experience at Walmart, known for its cost leadership, Sinclair realized that competing directly with retail giants like Walmart was not feasible. Instead, he steered Sprouts towards a unique strategy. Strategic Reorientation: Emphasizing Core Competencies Instead of emulating Walmart's focus on low prices, Sinclair chose to highlight Sprouts' unique selling points: fresh, healthy food and specialty products. He redirected the company's focus to better serve its core customer base—health-conscious consumers looking for high-quality, niche products. Under Sinclair's leadership, Sprouts has established a unique position in the grocery industry. This strategic shift has allowed the company to grow steadily while staying true to its mission. By concentrating on its areas of expertise, Sprouts has become a leading name in the health-oriented grocery sector. Awards and Milestones Sinclair's contributions were recognized in 2020 when he was named CEO of the Year by Grocery Dive. This award highlighted his transformative impact on Sprouts Farmers Market. The article detailing his achievements emphasized how he refocused the company during a challenging period. He not only stabilized the business but also outlined a clear path for expansion. Sinclair's vision includes increasing the store count from approximately 400 to 800–1,000 locations over the next ten to twenty years. This ambitious yet achievable plan reflects his ability to combine operational expertise with long-term strategic planning. Lessons from Jack Sinclair's Leadership Jack Sinclair's story offers valuable insights for investors and business leaders: Integrity Builds Trust: A CEO who is transparent about challenges inspires confidence among shareholders. Leverage Your Strengths: Instead of copying competitors, focus on what sets your business apart. Vision for the Future: Sustainable growth requires a well-defined plan and the discipline to execute it. As Sinclair continues to lead Sprouts Farmers Market towards its goals, his leadership serves as a case study in how authenticity and expertise can enhance both investor confidence and business success. Final Thoughts Jack Sinclair's time at Sprouts Farmers Market demonstrates the power of transformative leadership. By emphasizing transparency, leveraging his decades of experience, and focusing on a niche market, he has turned the company into a formidable competitor in the health-focused grocery sector. Investors looking

**Analyzing the Impact of Jack Sinclair's Leadership on Sprouts Farmers Market: A Comprehensive Review**
Investment Focus 2025-12-20 13:15:14

**Analyzing the Impact of Jack Sinclair's Leadership on Sprouts Farmers Market: A Comprehensive Review**

At Rule One Investing, we firmly believe that outstanding leadership is essential for the sustained success of investments. A top-performing CEO is not just financially adept but also embodies integrity, a track record of success, and a clear vision for the company's future growth. Leadership can greatly influence a company's direction, for better or worse. Jack Sinclair, CEO of Sprouts Farmers Market, demonstrates how a leader with integrity, vision, and experience can turn around a struggling business into a thriving one. His approach to management and strategic focus on core values have positioned Sprouts Farmers Market as a key player in the health-conscious grocery sector. The Role of Integrity in Leadership Jack Sinclair is widely recognized for his unwavering integrity. In his interactions with shareholders and financial disclosures, he consistently maintains honesty about the company's performance. His willingness to discuss both triumphs and challenges is a valuable characteristic that builds trust with investors. For investors, Sinclair's integrity equates to reliability. His straightforward admission of difficulties reassures shareholders of his commitment to overcoming obstacles and celebrating achievements. This trait is critical for a leader entrusted with investor funds—one who values long-term growth over short-term gains. Professional Prowess: Jack Sinclair's Impressive Career Jack Sinclair's extensive background in the grocery industry has been instrumental to his success at Sprouts Farmers Market. With over 30 years of experience, including his role as Vice President of Walmart's grocery division, Sinclair brought a wealth of knowledge to Sprouts when he joined in 2019. Upon his arrival at Sprouts Farmers Market, the company was facing challenges in maintaining its competitive edge. Drawing from his Walmart experience, known for its cost leadership, Sinclair realized that direct competition with retail giants like Walmart was not feasible. Instead, he steered Sprouts towards a unique strategy. Strategic Transformation: Emphasizing Core Competencies Instead of emulating Walmart's focus on low prices, Sinclair chose to highlight Sprouts' unique selling propositions: fresh, healthy food and specialty products. He redirected the company's efforts to better serve its core customer base—health-conscious consumers seeking high-quality, niche products. Under Sinclair's guidance, Sprouts has established a distinctive position in the grocery industry. This strategic shift has allowed the company to grow steadily while staying true to its mission. By concentrating on its areas of expertise, Sprouts has become a prominent name in the health-oriented grocery sector. Awards and Accomplishments Sinclair's contributions were recognized in 2020 when he was honored as CEO of the Year by Grocery Dive. This accolade underscored his transformative impact on Sprouts Farmers Market. The article detailing his achievements emphasized how he refocused the company during a challenging period. He not only stabilized the business but also outlined a clear path for expansion. Sinclair's vision includes increasing the store count from approximately 400 to 800–1,000 locations over the next ten to twenty years. This ambitious yet achievable plan reflects his ability to combine operational expertise with long-term strategic planning. Insights from Jack Sinclair's Leadership Jack Sinclair's journey provides valuable insights for investors and business leaders: Integrity Builds Trust: A CEO who is transparent about challenges instills confidence among shareholders. Leverage Your Strengths: Instead of copying competitors, focus on what sets your business apart. Vision for the Future: Sustainable growth necessitates a well-defined plan and the discipline to implement it. As Sinclair continues to lead Sprouts Farmers Market towards its goals, his leadership serves as a case study in how authenticity and expertise can enhance both investor confidence and business success. Conclusion Jack Sinclair's tenure at Sprouts Farmers Market illustrates the transformative power of leadership. By emphasizing transparency, leveraging his decades of experience, and focusing on a niche market, he has turned the company into a formidable competitor in the health-focused grocery sector. Investors looking

Rachel Reeves' National Wealth Fund backs Cornish tin mining project
Finance 2026-01-04 01:00:59

Rachel Reeves' National Wealth Fund backs Cornish tin mining project

A major Cornwall mining project has received backing from the government's new investment vehicle, the National Wealth Fund. Cornish Metals, the mineral exploration company working to revive tin production at South Crofty in the Duchy, confirmed the investment as part of a £56m fundraise. The NWF, formerly the UK Infrastructure Bank, is taking a £28.75m stake in the AIM-listed business. It will be one of the strategic investors in Cornish Metal's raise alongside Vision Blue Resources, which currently has a 25.95% share of the business. A share placing being run by Hannam & Partners, SP Angel Corporate Finance and Canaccord Genuity is expected to raise £8.8m, with a broker option to raise another £5.9m. The company also intends to carry out a separate retail offer to raise a further £3m. Don Turvey, chief executive of Cornish Metals, said: “We are very pleased to welcome NWF as a major shareholder in Cornish Metals and to lead this fundraise alongside Vision Blue, demonstrating support for the company and our plans to bring tin mining back to Cornwall. "Tin is a critical mineral that is essential for the energy transition and anything electronic. South Crofty is a strategic asset with the ability to responsibly provide a secure, high grade long-term supply of tin, reviving Cornwall’s rich mining history and contributing to the local economy and the UK’s transition to net zero." Mr Turvey said the funding would enable Cornish Metals to deliver "crucial milestones" over the coming year including the completion of mine dewatering and shaft refurbishment, the start of early project works, placing orders for long-lead items, and concluding the project finance process. John Flint, chief executive of NWF, added: “Critical minerals are not only an important driver of the UK’s transition to net zero, but also of the UK’s growth mission, providing opportunities to anchor important supply chains in the UK. This is our second investment in critical minerals in Cornwall, and indicative of our ability to mobilise private investment into local economies, creating skilled and long-term employment.” In November, Cornish Metals announced that work to build a processing plant at South Crofty would begin by the end of December 2025. The Canadian-headquartered company is working to bring the Pool-based mine, near Redruth, back into working order after 26 years. South Crofty was closed in 1998 following more than 400 years of continuous production and was acquired by Cornish Metals in 2016.

Unlocking the True Value of a Company: A Guide to Understanding Sticker Price
Investment Focus 2025-12-19 10:06:38

Unlocking the True Value of a Company: A Guide to Understanding Sticker Price

Investment decisions are often guided by a fundamental question: What is the actual value of a company? This is where the term "sticker price," synonymous with intrinsic value, becomes pivotal. Mastering the concept of sticker price is essential for value investors, enabling you to make wiser investment choices regarding where to allocate your capital. In this article, we will delve into the definition of sticker price, its distinction from stock price, and the process of calculating it to decide when to invest in a company's shares. By the conclusion, you will possess a clear insight into determining a company's authentic worth and investing with assurance. The Essence of Sticker Price Sticker price is the genuine worth of a company, taking into account its historical performance and current financial standing. It reflects the intrinsic value of an enterprise, offering a reference point for the company's current valuation. However, grasping sticker price is just the first step. The ultimate aim is to purchase the company at a reduced price, a strategy known as the "margin of safety" among investors. The Margin of Safety: Investing at a Discount While sticker price indicates a company's intrinsic value, the margin of safety is about buying at a substantial discount to safeguard your investment. A typical guideline is to aim for a margin of safety of no less than 50%, meaning you would only consider purchasing the stock if its market price is at least half of its sticker price. This method minimizes risk and enhances potential profit. Sticker Price vs. Stock Price: Understanding the Contrast Recognizing the contrast between sticker price and stock price is vital for making enlightened investment decisions: Sticker Price: This refers to the intrinsic value of a company, derived from its historical performance, current profits, and anticipated growth. Stock Price: This is the market's assessment of a company's value at any given time, influenced by supply and demand. Stock prices are volatile and do not always represent the company's genuine worth. For instance, a company might have a sticker price of $100 per share, yet its stock price could be trading at $60. This gap presents a potential investment opportunity if your research indicates that the stock price is below your calculated margin of safety. Calculating Sticker Price: A Step-by-Step Approach Determining the sticker price necessitates an in-depth analysis of a company's financial performance. Here’s how to go about it: 1. Evaluate the Company’s Earnings Begin by reviewing the company’s earnings over the last 12 months. Focus on earnings per share (EPS), which is the net income divided by the total number of shares outstanding. Ensure the EPS reflects typical operating conditions, excluding anomalies like unusually poor or exceptional years. 2. Forecast Future Growth Then, predict the company’s earnings growth over the next decade. This involves examining: Historical growth rates. Industry trends. The company’s competitive positioning and future strategies. Select a reasonable and conservative growth rate based on your findings. 3. Discount Future Earnings to Present Value Using your projected growth rate, estimate the company’s earnings 10 years from now. Afterward, discount this future value back to the present using an appropriate discount rate. This will give you the present value of the company’s earnings, which is the foundation of its sticker price. Tools and Resources for Sticker Price Calculation Numerous platforms offer sticker price estimates based on analyst projections and expectations. For example, the Rule One Toolbox provides valuable resources for calculating sticker price. However, conducting your own analysis is always recommended to ensure accuracy and alignment with your investment philosophy. The Significance of Sticker Price Understanding sticker price empowers investors to differentiate

Embarking on a Voyage to Financial Prosperity: Crafting a Wealth-Building Strategy
Investment Focus 2025-12-31 19:10:06

Embarking on a Voyage to Financial Prosperity: Crafting a Wealth-Building Strategy

Venturing into the realm of investments is akin to embarking on a voyage that promises the unearthing of significant value and the opportunity to generate wealth for future generations. Even the most experienced investors, like Warren Buffett, began their financial odyssey with limited knowledge. The key to achieving investment success lies in adopting the right approach, steadfastly pursuing financial self-reliance, and persistently engaging in learning. Equipped with these essentials, individuals, including yourself, can gradually accumulate wealth over time. While the initial steps might seem intimidating, I am here to offer a clear guide to wealth that has been embraced by many successful investors. Buffett emphasizes two fundamental investment principles: Rule #1 – Preserve your capital, and Rule #2 – Always remember Rule #1. Adopt the straightforward investment philosophy espoused by Buffett, Ben Graham, and Charlie Munger, who are giants in the investment world. You can acquire the necessary wisdom to become an investor and, more importantly, amass wealth that will support you and your family for years to come. Drawing from my own personal journey, having navigated this path, if I was able to achieve success, so can you. Join me on this remarkable expedition. Setting Sail on the Investment Odyssey in 8 Stages The investment odyssey can be broken down into 8 manageable stages that are accessible to all, regardless of their current financial acumen or status, even if you started without any capital, as I did. What is necessary is an understanding of the strategies employed by successful investors, and soon, you too can relax and watch your wealth grow. You will not be venturing on this mission solo. I will be your guide throughout your investment journey, sharing the invaluable insights I have gathered from my own experiences and those of the distinguished investors who have blazed the trail for us. After all, if you aspire to become an investor, why not learn from the masters? 1. Acquire High-Quality Investment Materials Let's start with the initial step: securing the right investment materials, as finding reliable educational resources is crucial to your investment success. The challenge in finding credible resources lies in the absence of an official curriculum for Rule #1. This means that the barrier to entry for educators is low—virtually anyone can teach 'investing', including those from prestigious universities. As a result, there is an abundance of misinformation circulating. In fact, Charlie Munger once noted that he believes 95% of financial professionals make witch doctors appear respectable. To assist you, I have compiled a virtual library filled with tools and resources that I consider to be beneficial. You may eventually use every resource in that library, as being an investor involves continuous learning. For instance, I was invited to Japan to meet Wahei Takeda, an 84-year-old billionaire, often referred to as Japan's 'Warren Buffett'. He had read my book, Rule #1, and was eager to discuss it with me. He exemplifies someone who never stopped learning. Even as an octogenarian billionaire, he remained curious and open to new investment materials. Use these resources to establish a foundational understanding of Rule #1 investing and refer back to them when needed. 2. Grasp the Fundamentals of Investing With the proper resources at your disposal, you can begin learning the basics of investing. Investing, primarily in stocks, is genuinely straightforward. Stocks represent ownership in a company, and to be a successful investor, you must first understand the business. Then, ensure it possesses inherent quality that shields it from competition. Afterward, have confidence in the CEO's integrity and capability. Lastly, comprehend the value and purchase it with a substantial margin of safety.

Nationwide takeover of Virgin Money to complete next week after judge approval
Finance 2026-01-08 04:40:44

Nationwide takeover of Virgin Money to complete next week after judge approval

Nationwide Building Society’s £2.9bn takeover of Virgin Money is expected to go through next week after the deal was approved by a judge. Lawyers for the lenders secured the sanctioning of the deal at a specialist companies court in London on Friday. It comes after the Swindon-headquartered building society agreed to the takeover of its London-listed rival in March. Nationwide struck the takeover deal with a 220p-a-share offer for Newcastle-based Virgin Money, including a 2p-per-share dividend payout. At the end of a short hearing, Judge Sir Anthony Mann said he was “satisfied” that legal requirements had been complied with. The court heard that 90% of shareholders who voted at a meeting in May had backed the scheme. “It’s obviously a sensible scheme with financial benefits,” Sir Anthony said, adding: “There is no apparent blot on this scheme.” He continued: “I can see no reason not to sanction the scheme and in my discretion I will do so.” Earlier this month, the lenders told the stock market that the Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority had both approved the takeover. The deal will bring together Britain’s fifth and sixth largest retail lenders, creating a combined group with around 24.5m customers, more than 25,000 staff and nearly 700 branches. But the move is set to ultimately spell the end of the Virgin Money brand, with Nationwide planning to rebrand the Virgin Money business as Nationwide within six years, although it will keep the two brands initially.

£8m revamp completes at Birmingham hotel
Commercial Property 2025-12-28 12:13:04

£8m revamp completes at Birmingham hotel

An £8 million refurbishment project has been completed on a landmark Birmingham hotel. The work at the Crowne Plaza hotel, in Holliday Street, has seen all 312 bedrooms updated including its club rooms and two suites while accessibility options have been upgraded with two fully accessible wet rooms. Work in the rooms includes upgrades to its tech such as more sockets and digital cable ports and enhanced desk space. During the renovation work, more than 1,500 pillows and hundreds of duvets, mattress toppers and protectors have been donated to those in need. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. This latest project represents the final phase of renovations at the well-known hotel, following the transformation of its ground floor lobby and bar areas in 2022. General manager Siobhan Thomasson said: "After listening to our guests and their feedback, we've created rooms that are not only stylish and comfortable but also highly functional. "Our thanks go to hotel refurbishment specialists County Contractors for their work as guest feedback for the new rooms has been fantastic. "Our investment in this refurbishment mirrors Birmingham's own growth and ambition and is a fitting representation of the city's progress, reflecting the innovative and welcoming spirit of the place we call home. "At the same time, sustainability is a core part of who we are and we're committed to making a positive impact. These efforts not only reduce waste but also support some of the city's most vulnerable residents. "We're proud to provide guests with a space that blends style, functionality and sustainability, offering an experience that truly reflects the vibrancy and diversity of Birmingham."

Spares business secures news warehouse for expansion
Commercial Property 2025-12-11 17:37:28

Spares business secures news warehouse for expansion

An agricultural spares business has expanded after securing a property deal for 10,000 sq ft of warehousing. Agriline Products has purchased the freehold of Unit 2 on Harris Business Park in Stoke Prior near Bromsgrove to facilitate the distribution of larger orders for stockists across Europe. The property was on the market for £895,000. Founded in 2000, Agriline Products has grown to become one of the largest suppliers to the tractor spares market worldwide with a range of over 15,000 parts. The company already occupies another unit on Harris Business Park. Founder and managing director Oliver Stiley said: "The purchase of an additional industrial unit will provide considerable additional warehouse space to augment Agriline Products' existing warehouses on Harris Business Park which were getting a bit cramped for the volume of stock being handled. "This additional space will improve the efficiency of distributing our larger stock orders for customers across Europe."

Discover the Art of Value Investing: Embrace the 'Chipotle' Effect with Strategic Patience
Investment Focus 2025-12-31 01:37:32

Discover the Art of Value Investing: Embrace the 'Chipotle' Effect with Strategic Patience

The Virtue of Patience in Value Investing Value investing, a strategy that hinges on the 'margin of safety', is a financial doctrine revered by investment legends such as Warren Buffett and Benjamin Graham. It involves acquiring assets at prices substantially below their intrinsic worth, thereby establishing a protective cushion against market fluctuations. To elucidate this concept, consider the example of Chipotle Mexican Grill. A Practical Demonstration of Margin of Safety In 2025, Chipotle experienced a major challenge following an E. coli outbreak, causing its stock price to plummet from a peak of $760 per share to a trough of $250. While this incident appeared catastrophic, it actually represented a golden opportunity for discerning value investors. Assessing Core Strengths: Despite the turmoil, Chipotle's robust brand and reliable business framework persisted unscathed. Identifying Market Undervaluation: The stock's sharp decline signaled a substantial markdown from the company's actual worth. Exploiting the Situation: Investors who grasped the transitory nature of the crisis and had faith in Chipotle's enduring potential were able to purchase shares at a significant markdown. The Indispensable Quality of Patience Identifying undervalued companies is an optimal scenario, but it's not always feasible. Often, outstanding companies are not available at a discount. This is where patience is key for value investors. As Charlie Munger once remarked, "Make money while we wait." Keeping a Watchful Eye: Rather than pursuing fleeting chances, value investors frequently maintain a list of esteemed companies they keep under surveillance. Nurturing Patience: They patiently observe these companies, biding their time for market mispricings due to temporary setbacks, adverse news, or overreactions. Reaping the Benefits: When the market offers an opportunity—a significant markdown from intrinsic value—they are ready to seize it, profiting from the mispricing. Warren Buffett's 'Laziness' Doctrine Warren Buffett has emphasized the importance of patience in investing, often characterizing his approach as "laziness bordering on sloth." Concentrating on Long-Term Value: Buffett and Munger prioritize the identification of companies with lasting competitive edges and prosperous futures. Reducing Trading Frequency: They shun constant trading and superfluous actions, choosing instead to retain quality companies for the long haul. Adopting Patience: They comprehend that substantial investment triumphs often stem from waiting for the right opportunities rather than pursuing swift profits. Conclusion The Chipotle case illustrates the effectiveness of the margin of safety principle and the significance of patience in value investing. By recognizing and anticipating undervalued opportunities, investors can markedly improve their prospects for enduring success. Remember, true investment acumen often lies in understanding that the most substantial returns frequently result from inaction—or, more precisely, from patiently awaiting the opportune moment to act.

Reusable mask maker that supplies NHS secures £1.6m
Finance 2026-01-02 22:34:11

Reusable mask maker that supplies NHS secures £1.6m

A Cornwall company that makes reusable surgical masks and gowns has secured £1.6m of funding. Revolution-Zero, which was founded during the Covid pandemic, received £1m from the South West Investment Fund via appointed fund manager FSE Group as well as investment from private angels. The injection of equity will help create 20 jobs at the Truro-based medical textiles firm, while supporting the growth of the business. Founder and chief executive Tom Dawson said: "We are thrilled to receive this South West Investment Fund investment via FSE, which will not only accelerate our growth but also further our mission to provide sustainable and effective medical textile solutions. "Our end-to-end service model has already shown significant potential in reducing single-use item dependency in healthcare settings and this funding will help us scale these solutions more rapidly." Founded in 2020, Revolution-Zero has a strong emphasis on environmental, social, and economic sustainability. Initially focused on reusable masks, the company has since expanded to include surgical textile solutions and decontamination/sterilisation units. The BCorp certified company secured accreditations required to supply the NHS in 2021 and has since experienced rapid growth, expanding to 23 staff and more than tripling turnover. With ambitious plans to achieve six operational medical textile processing units by 2026 - rising to 24 by 2028 - Revolution-Zero is aiming to become a £25m turnover business within the next three years. Anna Staevska, FSE investment manager, said: "Revolution-Zero's innovative approach to medical textiles is a game-changer for the healthcare industry. By addressing critical issues related to supply chain vulnerabilities and environmental impact, they are setting new standards for sustainability in the sector."

NHS Royal Devon awarded £1.4m for new clinical research hub
Finance 2026-01-01 06:37:28

NHS Royal Devon awarded £1.4m for new clinical research hub

A new £1.4m clinical facility that will carry out "ground-breaking research" is to be built at a hospital in Devon. The funding for the hub, which will be based at North Devon District Hospital in Barnstaple, was secured by the Royal Devon Trust. Research carried out at the facility will include specialised heart studies, as well as trials exploring issues such as lower back pain, joint problems and osteoarthritis. The hub is the first dedicated facility for clinical research in North Devon and, according to one NHS trust boss, will help tackle "health inequalities" in the region. Professor Helen Quinn, director of research and development at the Royal Devon, said: “This is fantastic news for the North Devon population. We know patients who are treated in research active hospitals have better health outcomes, whether they are taking part in a study or not. “This new centre will ensure we can expand the number of research studies we can deliver in North Devon which will empower us to tackle health inequalities specific to our region, including multiple long-term conditions that disproportionately affect the local population.” The Royal Devon was one of 30 trusts to secure funding after making an application to the National Institute for Health and Care Research (NIHR). Sam Higginson, chief executive of the Royal Devon University Healthcare NHS Foundation Trust, added: "We are delighted to receive the funding to be able to build this facility for people in North Devon. We have an ambitious research culture and see clinical research as essential and transformational in ensuring our communities have access to the best care. The facility will also help us attract great clinicians at every stage of their careers who want to be involved in research.”

New £2m investment initiative launched for female entrepreneurs
Finance 2025-12-16 01:11:23

New £2m investment initiative launched for female entrepreneurs

A new £2 million initiative has been launched with the aim of nurturing the next generation of female entrepreneurs in the West Midlands. The Fortuna Fellowship has been created by The 51% Club, a support group specifically for female business owners, in partnership with Birmingham-based investment firm Midven. The programme has been set up to find the West Midlands' business stars of tomorrow and will see up to five, female-led ventures potentially share £2 million worth of investment. Successful applicants will undertake a 12-month growth programme during which they will be partnered with a mentor, attend workshops and hear from industry experts at seminars. An advisory board will provide the cohort with guidance in areas such as product testing, manufacturing, launch strategies, exporting and investment. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Specialists will also provide weekly support and there will be monthly co-working sessions and a residential session focused on innovation. At the end of the 12-month programme, the founders will secure a share of up to £2 million equity investment, subject to conditions. Funding worth £1 million from the West Midlands Co-Investment Fund, which is managed by Midven, has already been secured. Work is ongoing to secure further backing for the initiative ahead of applications opening in January. Rupert Lyle, fund principal at Midven, said: "We are excited to launch the Fortuna Fellowship and provide a platform for talented female founders to thrive. "Our goal is to empower these entrepreneurs and help them achieve their full potential with a programme that's designed to accelerate the growth of their businesses. "This is unlike anything delivered before in the region and we want this to be a platform for more female-led businesses to thrive." It is estimated that, at 19.1 per cent, the West Midlands has the highest percentage of female-led businesses outside of London but for every £1 of UK venture capital investment, all-female founder teams get less than 1p. The 51% Club was launched earlier this year by Tara Attfield-Tomes who also runs Birmingham-based PR agency East Village. She said: "I am so proud to be partnering with Midven to launch The Fortuna Fellowship and I know the vital role that this will play in starting to address the gender investment gap. "I'm determined to work alongside brilliant partners like Midven who want to see the dial move for once and for all.

Harworth reports record 2024 on path to £1bn assets
Commercial Property 2026-01-08 13:24:15

Harworth reports record 2024 on path to £1bn assets

Property firm Harworth says it is on track to accumulate £1bn in assets by the end of 2027 after what it described as a record year. The Yorkshire-based developer and landlord says that as key land sales complete, it is confident of meeting its target of £1bn European Real Estate Association Net Disposal Value (EPRA NDV) - a key measure of assets used by real estate investment trusts. In a trading update to the London Stock Exchange, Harworth pointed to its £106.6m deal with Microsoft for land at the site of the former Skelton Grange power station near Leeds and completion of a £53.5m sale at Ansty in Warwickshire. Bosses also pointed to a record 2,385 residential plots sold, including 13 deals with a headline sales value of £104.1m, and against a group target of 2,000 plot sales on average per year. Those deals included national and regional housebuilders and affordable housing providers. Meanwhile there was 4.4m sqft of industrial and logistics land sold for £230.1m, giving Harworth a pipeline capable of delivering 33.6m sqft of space. Following a spate of planning approvals, the group now has 8.4m sqft of industrial and logistics land with consents. During the year 100,000 sqft of direct development was completed and Harworth was on site at the year end with another 270,000 sqft of space which is expected to be completed within a year that is anticipated to bring £2.7m annualised rental income. The majority of the space (68%) was kept in the group's investment portfolio with the remainder built for owner occupiers. Lynda Shillaw, chief executive of Harworth, said: “2024 has been a record year for Harworth operationally and, as we enter 2025, we remain confident in our ability to reach our £1bn EPRA NDV target by the end of 2027. "We have an extensive platform to scale the business, owning and controlling a sizeable land pipeline capable of delivering 33.6m sqft of industrial and logistics space and 31,264 new homes, and we remain well positioned in structurally undersupplied sectors that are fundamental to the UK's economic growth. With low debt and high available liquidity, we are well placed to take advantage of opportunities whilst remaining resilient through the near-term macro-economic uncertainty. "The consistency of Harworth's performance over time continues to highlight the agility and resilient nature of our business model, and our team's expertise in identifying and driving significant latent value from the portfolio. We continue to make solid progress in delivering our strategy and are confident in our ability to continue to drive both strong returns and long-term value from our landbank and development activities."

Hull's Think360 secures £100k investment following run of contract wins
Finance 2025-12-20 19:32:15

Hull's Think360 secures £100k investment following run of contract wins

Industrial software provider Think360 has secured £100,000 investment following a flurry of new contracts worth £1m. The Hessle-based firm has won the backing from NPIF II – Mercia Debt Finance, which is managed by Mercia Debt as part of the Northern Powerhouse Investment Fund II (NPIF II). Funds will be used for additional working capital which the firm says will allow it to take on more projects and create three new jobs. Launched in 2018, Think360 provides software to monitor cranes, industrial equipment and manage engineers in the field. It employs six at its Bridgehead Business Park base, and has up to 22 independent contractors including software testers and analysts. The firm is part of a group including IT and telecoms operator The One Point, which is also managed by founder Martin Lauer. In 2021 Ian Crowder and Tony Grimes joined Think360 as directors and shareholders. Since then it has gone on to launch a range of products including AI Suite, which is intended for the ports, logistics and manufacturing sectors. Its newest offer is AI Homecare which helps care providers to manage visits and communicate plans with relatives. Martin Lauer, CEO of Think360, said: "Think360 has made remarkable progress in the past two years since the launch of our proprietary software. Our products have gained traction in all of our key sectors and we have secured some high-profile clients. Following a spate of new contact wins, we also have a strong pipeline of new business. The funding will enable us to meet growing demand and continue our success story." Rebecca Pickering of Mercia Debt added: "AI is reshaping the ports and logistics sector by driving automation and transforming the way care is delivered in patients’ homes. Think360 is at the forefront of these exciting developments. We are pleased to be able to support Martin, Ian, Tony and the team in their plans to achieve further growth and establish the company as a leader in its field."

UK's oldest lido to remain shut after flooding damage
Finance 2025-12-30 22:50:14

UK's oldest lido to remain shut after flooding damage

A historic lido in Bath which is believed to be the oldest in Britain will remain closed while work to repair flood damage is carried out. Cleveland Pools reopened in 2023 after a £9.3m restoration, but was forced to shut in January last year after heavy rain caused 'serious damage'. The charity behind the lido has now said it is continuing to investigate the issues caused by the flooding. Paul Simons, chair of the Cleveland Pools Trust, said he was grateful to the public and volunteers who are supporting the project. “The Cleveland Pools trustees regret the prolonged closure of the pools," he said. "In the period since the flood extensive investigations have been conducted into the flooding incident, which caused serious damage to the pools’ operating plant and machinery in its plant room. "There has also been some damage to the surrounding areas of the main pool and the focus of the ongoing technical investigations is on the nature and extent of damage to the pool structure itself and connecting pipework." Mr Simons said the charity was looking at options for recovering the cost of fixing the damage to allow the pools to reopen. But he admitted he was "unable to put a timescale" on when that would be. "The trust shares the frustration of the public that the pools remain closed but wishes to reassure them that as a registered charity run and managed by volunteers, it continues to use its best endeavours to find a solution to allow the pools to be brought back into use as soon as is practically and viably possible," he said. Cleveland Pools is a grade-II listed site that opened as a river-fed pool in 1815 and was used for public swimming. The venue closed in 1984 and was used for a while as a trout farm before facing the threat of demolition in 2003.

Discover Your ‘Chipotle’ Moment: Mastering the Art of Investing with a Margin of Safety
Investment Focus 2025-12-21 23:55:57

Discover Your ‘Chipotle’ Moment: Mastering the Art of Investing with a Margin of Safety

The Virtue of Patience in Value Investing The principle of "margin of safety" is a fundamental aspect of value investing, advocated by investment legends such as Warren Buffett and Benjamin Graham. It refers to the strategy of buying assets at prices substantially below their true worth, thereby providing a cushion against potential risks. To clarify this concept, consider the example of Chipotle Mexican Grill. An Illustrative Instance of Margin of Safety In 2025, Chipotle, a popular quick-service restaurant, encountered a critical challenge due to an E. coli outbreak. This health scare caused a dramatic drop in the company's stock price, from a peak of $760 per share to a trough of $250. While this situation might appear catastrophic, it actually presented a distinct opportunity for value investors. Assessing the Core Strengths: Despite the crisis, Chipotle maintained a solid foundation with a dedicated customer following and a robust business model. Identifying the Price Reduction: The sharp decline in stock prices represented a substantial markdown from the company's intrinsic value. Exploiting the Situation: Investors who grasped the temporary impact of the crisis and acknowledged Chipotle's enduring potential were able to take advantage of this "discount," purchasing shares at a significantly reduced cost. The Crucial Role of Patience Identifying companies that are significantly undervalued is an ideal scenario, but it's not always straightforward. Often, excellent companies are not available at a "discount." This is where patience is a key attribute for value investors. As Charlie Munger once stated, "Make money while we wait." Creating a Watchlist: Instead of pursuing fleeting opportunities, value investors typically maintain a "watchlist" of high-quality companies they respect. Developing Patience: They watch these companies closely, waiting for the market to misprice them due to temporary issues, negative news, or market overreactions. Capturing the Benefits: When the market finally offers an opportunity—a substantial discount to intrinsic value—they are ready to seize it, taking advantage of the mispricing. Warren Buffett's Philosophy on "Laziness" Warren Buffett has emphasized the importance of patience in investing, often characterizing his approach as "laziness bordering on sloth." Concentrating on Long-Term Value: Buffett and his partner, Charlie Munger, concentrate on finding companies with lasting competitive edges and promising long-term futures. Reducing Trading Frequency: They avoid constant trading and unnecessary actions, preferring to hold onto high-quality companies over the long haul. Accepting Patience: They understand that significant investment success often stems from waiting for the right opportunities and refraining from chasing quick profits. Conclusion The Chipotle case exemplifies the effectiveness of the margin of safety principle and the significance of patience in value investing. By recognizing and patiently awaiting undervalued opportunities, investors can markedly improve their prospects for long-term achievement. Remember, true investment insight often lies in realizing that the greatest returns frequently result from inaction—or, more precisely, from patiently waiting for the opportune moment to act.

North Somerset robotics firm to expand Portishead base after securing £500k
Finance 2026-01-03 10:55:11

North Somerset robotics firm to expand Portishead base after securing £500k

A North Somerset robotics company has secured £500,000 from a top private equity firm as part of a £2m investment round. Q5D Technologies said it would use the cash from Maven Capital Partners to expand its testing hub in Portishead and support the delivery of contracts. The funding will also be used to scale its innovative platform which automates the process of adding wiring and electronics to 3D surfaces. The platform has gained interest from major industry players, including several of the world’s largest wiring harness companies and car makers. The investment was made through the British Business Bank’s South West Investment Fund. Stephen Bennington, chief executive of Q5D Technologies, said: “We are really pleased to be partnering with Maven and the South West Investment Fund, their advice and capital are helping us drive the company’s growth. Q5D is already attracting large number customers and growing the support and business development teams is critical.” Q5D's wire laying process is used across multiple sectors, including automotive, aerospace, and consumer electronics. Melanie Goward, partner at Maven Capital Partners, said: "We are thrilled to support Q5D Technologies as they scale their operations. Their unique approach to additive manufacturing, combined with impressive early traction with major industry players, positions them well for rapid growth. We look forward to working closely with Stephen and the team as they look to meet the increasing demand from global leaders in the automotive and aerospace sectors." The South West Investment Fund offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5m.

Christmas appeal: Companies urged to help children at risk of hunger over the holidays
Finance 2025-12-23 11:12:53

Christmas appeal: Companies urged to help children at risk of hunger over the holidays

Businesses in Bristol are being urged to get behind a new campaign aimed at feeding 1,000 children at risk of hunger during the festive season. Business Live's sister site Bristol Live, along with newspaper Bristol Post, are launching a Christmas appeal today (October 21) to raise £25,000 for a programme called Break Free. Amy Kington, co-founder and chief executive of Bristol-based social enterprise Community of Purpose, set up the initiative with her brother in 2016 - and it has since helped thousands of families in the city. The programme combats holiday hunger for children on free school meals as well as providing a range of activities to help keep young people off the streets. The money raised from the Christmas campaign will go towards hosting a special meal and give extra support to tackle hunger this winter for up to 1,000 children aged between six and 16. A single payment of £25 will pay for a young person to travel in a Bakers Dolphin coach to an attraction or activity, receive porridge and fruit for breakfast and a two-course Christmas lunch, alongside an associated care package and Christmas supplies. “We’ve seen first-hand the positive impact of Break Free on Bristol’s young people, and we want to do something special this Christmas,” Amy said. “Many of these children wouldn’t otherwise get to experience the joy of a festive meal or party, and with the support of businesses, we can change that. We’re asking companies across the city to help us make a difference and bring hope to Bristol’s most disadvantaged kids this Christmas.” Local companies including construction firm Lancer Scott, food business Arthur David and Hobbs House Bakery are among 70 firms that already provide ongoing support to the Break Free programme. But more help is needed in the run-up to Christmas to make sure as many children as possible experience the magic of the festive season. "We welcome businesses big, small, young and well-established. They just need to be passionate about supporting young people in Bristol," Ms Kington added. “Our approach is now well established, and we are witnessing an astonishing impact. We are confident that we can now reach those young people and families who can benefit hugely from our support. Pete Gavan, editor of Bristol Live added: “We're proud to support the Break Free programme this Christmas. The initiative truly embodies the spirit of Bristol by bringing people together to make a real difference for children. This is why we’re calling on businesses and readers to join us in helping provide a special Christmas for these young people.”

The Misconception of Relying on Financial Advisors for Investment Success
Investment Focus 2026-01-07 19:52:30

The Misconception of Relying on Financial Advisors for Investment Success

A prevalent misconception in the realm of finance is that the key to successful investing lies in the hands of financial advisors. This notion could be attributed to the persuasive marketing tactics used by financial advisory companies. However, it is essential to recognize that many investors who take control of their own investments often see better outcomes than those who rely on advisors, particularly when the fees involved can significantly erode their profits. If you're uncertain about the necessity of a financial advisor for profitable investing, consider these points. 1. Financial Advisors Do Not Aim to Outperform the Market It is not expected that financial advisors will outperform the market. Their role is more akin to that of a guide or counselor, assisting in setting financial objectives, providing support during challenging times, and encouraging prudent financial choices. You must evaluate whether their guidance justifies the 1% annual fee levied against your investment portfolio. 2. Fees Are Unavoidable Regardless of Performance Financial advisors impose fees that are not tied to performance but are instead based on the scale of your investment. This means that even if they do not succeed in growing your wealth, you are still obligated to pay for their services. This arrangement introduces unnecessary risk and expense to your investment plan and offers little incentive for advisors to strive for exceptional outcomes. Their primary concern is to preserve the assets under their management. Although they earn more if they increase your wealth, they receive compensation regardless of the investment results. 3. Investing in the S&P 500 Yields Higher Returns Passively investing in the S&P 500 index ETF, SPY, often results in higher returns than what you might achieve with the assistance of a financial advisor. The S&P 500 frequently outperforms the performance of portfolios managed by financial advisors. Why does this happen? The explanation lies in the limited investment strategies available to financial advisors, as well as the fees they charge, which are a percentage of assets. Advisors must pass the Series 65 exam to become SEC-licensed, which is predicated on the Efficient Market Hypothesis – the belief that consistently outperforming the market is not feasible. Promoting high-risk strategies, such as those suggested by Warren Buffett, could jeopardize their license. As a result, they typically shy away from such strategies. Moreover, to justify their fees, advisors must outperform the S&P 500 by an amount equivalent to their fee. Given their tendency to diversify portfolios, after their fees are deducted, your returns often fall short compared to an index ETF. 4. Exceptional Returns with Discerning Long-Term Investments While the S&P 500 may offer superior returns over hiring a financial advisor, some of the world's most successful investors propose an even more effective approach. Unencumbered by SEC regulations and the risk of losing a license, you can select a few individual companies and purchase them at a discount during market fluctuations. Identifying top-tier companies and waiting for the optimal time to buy them is the most effective investment strategy. This strategy has created more millionaires and billionaires than any other. Mastering the Art of Investing Individual investors, free from fees and SEC regulations, have the potential to outperform the market, unlike financial advisors. Buffett has stated that if he were managing only $1 million, he could achieve a 50% return in today's market. As

Channel 4 invites black British entrepreneurs to apply for TV ad scheme worth £150k
Finance 2026-01-09 13:50:31

Channel 4 invites black British entrepreneurs to apply for TV ad scheme worth £150k

Channel 4 is offering four black-owned British companies the chance to secure television advertising worth £150,000. The initiative - Black in Business - gives firms the chance to create their own commercial for the channel, plus six months of marketing and business mentorship. The scheme, which is being run in partnership with Lloyds, first launched last year. It is open to companies that generated a turnover of at least £250,000 in their last financial year and have not invested in TV advertising before. At least 50% of the founding team must also identify as black. Black in Business was inspired by research led by Channel 4 Sales, which revealed that 56% of black-owned businesses only receive funding once they are successful, compared to just 35% of white counterparts who were given the same requirement by lenders. Last year, the initiative attracted more than 1,000 applications, with the TV adverts for the five beneficiaries seen by 21.5 million people, according to Channel 4. Among the winners of the inaugural scheme was The Turmeric Co - a nutrition brand set up by former footballer Thomas Hal Robson-Kanu. The health drinks company launched in 2018 to help athletes recover from injuries. The drinks are all made in the UK and are stocked in Wholefoods, Planet Organic, Harvey Nichols, and at David Lloyd gyms. “Inclusivity and diversity are such an important aspect of the world today,” said Mr Robson-Kanu. “Less than 1% of supermarket brands have black or multi-ethnic founders. Initiatives like this allow brands and individuals a platform to raise awareness and create opportunities. I think it’s brilliant.” Last year's other beneficiaries of Black in Business include tea manufacturer Dalgety Herbal Teas; ethical fashion brand LØCI; clean eating firm The Gym Kitchen; and hair care brand TreasureTress. Jamelia Donaldson, founder and chief executive of TreasureTress, said: “With the community we serve, it’s so important our voice is amplified, and people will certainly see us on TV. It will also help mainstream haircare brands understand the massive opportunity they’re missing out on.” Channel 4 said that across two years of the initiative, more than £1m of TV advertising would have been made available to black-owned businesses in the UK. “We are excited to connect four black-owned businesses to the transformative power of TV advertising, and, in doing so to help support their growth journeys," said Ewan Douglas of Channel 4 Sales. Elyn Corfield, chief executive of business and commercial banking at Lloyds, added: “Black in Business has proven to be a game changer in the journey towards building a more equitable business landscape. These entrepreneurs are not just growing their businesses - they are inspiring the next generation.” Applications for Black in Business will close on October 28. More information is available at www.channel4.com/blackinbusiness We're celebrating the success of the UK's black-owned businesses - and we want to tell you all about them in our #IAMBOB newsletter! Once a month, we share news, features and comment from companies led by black business leaders - from start-ups and SMEs to blue-chip corporations and household names.

Revamp for Jewellery Quarter office block
Commercial Property 2026-01-09 20:09:48

Revamp for Jewellery Quarter office block

An office block in Birmingham has undergone a renovation project. The facelift work at the Jewellery Business Centre, in the historic Jewellery Quarter district, includes new breakout space for collaboration and relaxation and a refreshed reception area. There is also a new dedicated postal room, redecorated corridors, new signage and other work to the building's décor. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Landlord Northern Trust Company carried out the project in Spencer Street in collaboration with Rota Contracting and Poppy Signs. Business centre manager Lisa Whitcombe said: "Northern Trust is dedicated to creating high-quality workspaces that meet the evolving needs of our occupiers. "These improvements reflect our ongoing investment in the Jewellery Business Centre and underline our commitment to supporting businesses in Birmingham's Jewellery Quarter." The building has flexible space able to accommodate single occupiers up to small businesses.

Dartmoor scheme with Co-op and drive-thru secures £2.1m for first phase
Finance 2025-12-23 10:46:10

Dartmoor scheme with Co-op and drive-thru secures £2.1m for first phase

A retail development on the edge of Dartmoor National Park that includes a Co-op supermarket and drive-thru café has secured major funding. Gloucestershire-based property company Blackfinch has provided a loan of more than £2m to support the first phase of the Dolbeare Meadow scheme in Ashburton. Initial work will include a 4,300 sq ft Co-op convenience store, which is already pre-let, and "essential infrastructure". Plans for later stages include the drive-thru café, an electric vehicle charging park, and several business units. The controversial scheme was approved in 2023, despite locals raising concerns about the arrival of a drive-thru chain, according to Devon Live. However, the developer said at the time the mixed-used scheme would bring jobs and would not threaten town centre trade. There were 21 letters of support in favour of the application, as well as seven neutral comments, while there were 70 objections. David Diemer, investment director at Blackfinch Property, said, “We are delighted to have completed this development facility with Poppy Holdings to support the first phase of their mixed-use scheme on the edge of Dartmoor National Park. "Their focus on sustainable construction and sensitivity to the location, while maintaining financial viability, made partnering with them an easy decision. We look forward to working with them on this and future phases of the development.” William Palk, partner at Poppy Properties, added: “Since early 2024, we have had the pleasure of working with Blackfinch on Dolbeare Meadow. Their expertise and collaborative approach have been invaluable in securing funding to bring our development to fruition." The £2.1m loan carries a loan-to-value of 65% and supports a gross development value of £3.26m over a 14-month term, Blackfinch said.

7 Smart Strategies for Spending Money Wisely
Investment Focus 2025-12-30 10:36:49

7 Smart Strategies for Spending Money Wisely

Many individuals face financial challenges not due to low income but because they spend more than they earn. When I first ventured into investing, I was a river guide in the Grand Canyon, with an annual income of just $4000. Yet, I managed fine for a decade, living modestly in my VW bus and occasionally on the floor of the Transcendental Meditation Center in Flagstaff during the coldest nights. While you might not wish to emulate my extreme frugality, it's possible to live within your means and even save for investments by mastering a few simple techniques. 1. Mastering the Art of Expense Tracking To manage your finances effectively, you must first understand where your money is going. Instead of the tedious task of budgeting and tracking every penny, which can feel as joyless as counting every flake of snow on a winter's day, try a more intuitive method. Collect several envelopes and a black marker. Label each envelope with a category of your spending, such as "gas," "dining out," or "groceries." After cashing your paycheck, allocate a portion of cash to each envelope based on your estimated expenses for that period. If you think you'll spend $200 on gas, place that amount in the "gas" envelope. Continue this process until you've either run out of envelopes or cash. If you find empty envelopes before your cash runs out, rearrange the funds to cover your essentials. Spend only the cash from the designated envelopes, avoiding credit cards and other payment methods. If the "groceries" envelope is empty, it's time to get creative with your meals. By following this method for a few pay periods, you'll gain insight into your spending habits and identify areas where you can cut back. 2. Reigning in Impulsive Purchases I must admit, I have a tendency towards impulsive buying. However, when funds are limited, such as in my early days, this habit is naturally curbed. To control your impulses, question the necessity of any purchase over $50. Consider its impact on your life and whether it's worth the cost. Apply this discipline especially to food purchases. You may find that not only do you spend less, but you also eat healthier, potentially even losing weight in the process. Ask yourself: How long will the item last? Will it put you in debt? Is the value it provides over time worth the expense? 3. Credit Card Usage: Pay in Full Each Month Credit cards are not inherently evil, but they often represent a trade-off between discipline and convenience, which is usually not a favorable exchange. As you work on financial discipline, keep those cards in your wallet and use cash for your transactions. If you must use a credit card, ensure you pay off the balance in full each month. This practice will help you track your spending without incurring interest charges, effectively making it similar to paying with cash. 4. Ditch the Need to Impress Let go of the desire to impress others; no one is truly concerned with your choices. People are more focused on their own image and what others think of them. Embrace individuality and avoid the common trap of spending to maintain a certain image. This often leads to unnecessary expenses on cars, clothing, and other superficial items. I've always been good at this; I didn't care about impressing others. My possessions were minimal, and I focused on buying what I truly enjoyed rather than what others might think. 5. Identify and Eliminate Budget-Draining Habits Living on a shoestring budget for over a decade taught me the importance of avoiding bad spending habits. If you have any, it's a sign that you likely have more money than necessary. Examine your habits for leaks in your financial bucket. These could include costly hobbies, frequent dining out, or an overflow of shoes in your closet. Question the need for a gym membership or personal trainer when you could exercise at home. And consider the impact of indulging your children's every desire, teaching them instead to work and save for what they want. By stopping these habits, you can improve your financial health. 6. Prioritize Investing Over Material Possessions</

Master the Discipline of Value Investing: Harness the 'Chipotle' Phenomenon with Deliberate Patience
Investment Focus 2025-12-27 16:09:47

Master the Discipline of Value Investing: Harness the 'Chipotle' Phenomenon with Deliberate Patience

The Power of Patience in Seeking Value Value investing, which is anchored in the concept of 'margin of safety', is a revered investment philosophy championed by icons such as Warren Buffett and Benjamin Graham. This strategy involves buying assets at prices significantly lower than their true value, creating a buffer against market volatility. To better understand this principle, let's take a look at the case of Chipotle Mexican Grill. Real-World Application of Margin of Safety In 2025, Chipotle faced a significant setback due to an E. coli outbreak, which led to a dramatic drop in its stock price from a high of $760 per share to a low of $250. While this event seemed disastrous, it actually presented a prime opportunity for astute value investors. Evaluating Fundamental Strengths: Amidst the crisis, Chipotle's strong brand and solid business model remained intact. Recognizing Market Mispricing: The stock's steep decline indicated a significant discount from the company's intrinsic value. Capitalizing on the Event: Investors who understood the temporary nature of the crisis and believed in Chipotle's long-term potential were able to buy shares at a substantial discount. The Essential Trait of Patience Finding undervalued companies is an ideal situation, but it's not always possible. Often, excellent companies are not for sale at a discount. This is where patience becomes crucial for value investors. As Charlie Munger once said, "Make money while we wait." Maintaining Vigilance: Instead of chasing fleeting opportunities, value investors often keep a list of respected companies under close observation. Cultivating Patience: They wait patiently for these companies, waiting for market mispricings due to temporary setbacks, negative news, or overreactions. Capturing the Rewards: When the market presents an opportunity—a significant discount from intrinsic value—they are ready to act, capitalizing on the mispricing. Warren Buffett's 'Inactivity' Mantra Warren Buffett has stressed the virtue of patience in investing, often describing his approach as "inactivity bordering on laziness." Focusing on Long-Term Value: Buffett and Munger prioritize the discovery of companies with enduring competitive advantages and promising futures. Minimizing Trading Activity: They avoid constant trading and unnecessary actions, opting instead to hold onto quality companies for the long term. Embracing Patience: They understand that significant investment successes often come from waiting for the right opportunities rather than chasing quick gains. Conclusion The Chipotle example demonstrates the efficacy of the margin of safety principle and the role of patience in value investing. By identifying and anticipating undervalued opportunities, investors can significantly enhance their chances for lasting success. Remember, true investment wisdom often lies in recognizing that the most substantial rewards often come from inaction—or, more precisely, from patiently waiting for the right moment to act.

**Assessing the Influence of Jack Sinclair's Direction on Sprouts Farmers Market: An In-Depth Examination**
Investment Focus 2025-12-28 21:44:21

**Assessing the Influence of Jack Sinclair's Direction on Sprouts Farmers Market: An In-Depth Examination**

At Rule One Investing, we are convinced that exceptional leadership is crucial for the long-term prosperity of investments. A CEO who excels is not only financially successful but also possesses integrity, a history of achievement, and a clear vision for the company's future. Leadership can significantly impact a company's trajectory, either positively or negatively. Jack Sinclair, CEO of Sprouts Farmers Market, exemplifies how a leader with integrity, vision, and experience can transform a struggling business into a successful one. His management approach and strategic emphasis on core values have established Sprouts Farmers Market as a dominant player in the health-conscious grocery market. The Significance of Integrity in Leadership Jack Sinclair is renowned for his steadfast integrity. In his dealings with shareholders and financial reporting, he consistently displays honesty regarding the company's performance. His openness about both successes and challenges is a valuable trait that fosters trust with investors. For investors, Sinclair's integrity signifies reliability. His candid acknowledgment of difficulties reassures shareholders of his dedication to overcoming challenges and celebrating successes. This attribute is vital for a leader who is responsible for investor capital—someone who prioritizes sustainable growth over immediate gains. Professional Acumen: Jack Sinclair's Distinguished Career Jack Sinclair's extensive experience in the grocery sector has been pivotal to his success at Sprouts Farmers Market. With over three decades of experience, including his tenure as Vice President of Walmart's grocery division, Sinclair brought a wealth of expertise to Sprouts when he joined in 2019. Upon joining Sprouts Farmers Market, the company was grappling with maintaining its competitive edge. Drawing from his experience at Walmart, known for its cost leadership, Sinclair realized that competing directly with retail giants like Walmart was impractical. Instead, he guided Sprouts towards a distinct strategy. Strategic Shift: Highlighting Core Strengths Rather than mimicking Walmart's focus on low prices, Sinclair opted to accentuate Sprouts' unique selling points: fresh, healthy food and specialty products. He redirected the company's focus to better cater to its core customer base—health-conscious consumers seeking high-quality, niche products. Under Sinclair's leadership, Sprouts has carved out a unique position in the grocery industry. This strategic pivot has enabled the company to grow steadily while remaining true to its mission. By concentrating on its areas of expertise, Sprouts has become a leading name in the health-oriented grocery sector. Accolades and Achievements Sinclair's contributions were acknowledged in 2020 when he was named CEO of the Year by Grocery Dive. This accolade underscored his transformative impact on Sprouts Farmers Market. The article detailing his achievements emphasized how he refocused the company during a challenging period. He not only stabilized the business but also outlined a clear path for expansion. Sinclair's vision includes increasing the store count from approximately 400 to 800–1,000 locations over the next ten to twenty years. This ambitious yet feasible plan reflects his ability to combine operational expertise with long-term strategic planning. Lessons from Jack Sinclair's Leadership Jack Sinclair's story provides valuable lessons for investors and business leaders: Integrity Fosters Trust: A CEO who is transparent about challenges inspires confidence among shareholders. Capitalize on Your Strengths: Instead of replicating competitors, focus on what differentiates your business. Vision for the Future: Sustainable growth requires a well-defined plan and the discipline to execute it. As Sinclair continues to lead Sprouts Farmers Market towards its objectives, his leadership serves as a case study in how authenticity and expertise can enhance both investor confidence and business success. Conclusion Jack Sinclair's tenure at Sprouts Farmers Market illustrates the transformative power of leadership. By emphasizing transparency, leveraging his decades of experience, and focusing on a niche market, he has turned the company into a formidable competitor in the health-focused grocery sector. Investors looking

Gloucester Quays shopping centre hails 'record year'
Commercial Property 2026-01-02 19:43:10

Gloucester Quays shopping centre hails 'record year'

The owner of Gloucester Quays has reported a record year for the shopping centre following a successful Christmas trading period. Growth in sales in 2024 meant the outlet finished off the year 6.7% ahead of the national average, according to Peel Retail & Leisure. The Gloucestershire shopping destination was also boosted by Black Friday and some retailer offers in advance of that date, the company said. Across November and December, retail sales grew by 3.6% compared with 2023 – which was itself a record year – and food and drink sales were up 7.6%. The performance uptick was supported by the free-to-attend Christmas market, with more than 100 stalls. In 2024, an overall 7.4% year-on-year sales increase across Gloucester Quays’ current tenants was split between 6.1% for retail and 8.5% for food and drink outlets. Double-digit growth from fashion, homeware, and outerwear brands including Next, Skechers, All Saints, Mountain Warehouse, Puma, Crew Clothing, Le Creuset, and Suit Direct was boosted by new lettings for Pret a Manger and Bakers & Baristas. Paul Carter, asset director at Peel Retail & Leisure, said the results were a reminder of "how relevant and in demand" the outlet is. "There have been various headlines this month about how challenged retail was around Christmas, so to have Gloucester Quays performing so well is a real credit to our team and our brands," he said. "We have experienced consistent growth for several years, and that success can be put down to the quality of our offer and waterside environment. "There is no doubt our catchment is responding to how we have evolved Gloucester Quays, as an urban outlet that combines a compelling shopping environment with dining and leisure to fit all tastes and needs, benefitting from a heritage waterside setting that few regionally can match.” This news follows an announcement in December by Peel that it had agreed 20 leasing deals over the year including with a number of major high street brands. Among the 11 brands to renew at Gloucester Quays are French-Belgian kitchenware brand Le Creuset, which invested in a new fit out, and international lifestyle and athletic footwear retailer Skechers, which increased its footprint at the destination by 50%.

Historic Llancaiach Fawr Manor brought to market
Commercial Property 2026-01-07 14:31:09

Historic Llancaiach Fawr Manor brought to market

The historic Llancaiach Fawr Manor venue has been brought to market by Caerphilly County Borough Council. Avison Young is marketing the leasehold interest in the grade I listed manor house and accompany buildings, located in the Rhymney Valley. The venue, which dates back to 16th century, was closed by the local authority in December as part of cost-saving measures as it faced a £45m budget deficit. In 2023/24 visitor numbers exceeded 61,000. The site’s current license allows for up to 5,000 visitors at any one time. The council secured funding from the Heritage Lottery Fund in 2013 to undertake renovations to the venue. Prior to initiating a formal market exercise, the historic attraction received high levels of interest from potential third-party operators looking to run the site in a commercial capacity. Leo Llewellyn, associate, Leisure at Avison Young UK, said: “We are very pleased to be supporting Caerphilly County Borough Council to bring this one-of-a-kind property to market. Steeped in history and carefully restored, Llancaiach Fawr Manor is a venue suitable for a range of uses, and we’re certain it will prove popular. “Avison Young has already received interest from prospective operators and we’re looking forward to bringing forward these discussions, while engaging with other interested parties. “We have a strong track record within the leisure sector, particularly in South Wales, and we’re delighted to be supporting Caerphilly County Borough Council to find the perfect operator to secure Llancaiach Fawr Manor’s long-term future.” Jamie Pritchard, deputy leader of Caerphilly County Borough Council, said: “We are committed to exploring options for the future of Llancaiach Fawr Manor. Avison Young has extensive experience in marketing leisure and hospitality venues, and I have no doubt that we will have a lot of interest. “The venue offers so much potential for new operators. What is certain is that the council will be looking for an operation that becomes a strong local economic driver and complements the existing leisure and hospitality offers in the county borough.

Travis Perkins cements Black Country presence with warehouse deal
Commercial Property 2025-12-21 11:53:51

Travis Perkins cements Black Country presence with warehouse deal

Builders' merchant Travis Perkins has acquired the freehold of its Peartree Lane premises in Dudley in a £1.3million deal. The business had previously let the prominent roadside warehouse from Birmingham-based mutual Wesleyan Assurance Society. MK2 Real Estate was instructed to sell the asset which comprises 15,953 sq ft of premises and a 13,993 sq ft yard on a one-acre site. Travis Perkins, which has more than 550 branches around the UK, previously had a 25-year lease on its Peartree Lane premises, expiring in 2026. Mark Rooke, a director in MK2's investment team in Birmingham, advised Wesleyan on the sale.

Embarking on the Path to Wealth: Mastering Investment Strategies of the Elite
Investment Focus 2025-12-23 01:27:42

Embarking on the Path to Wealth: Mastering Investment Strategies of the Elite

Among the myriad of investment approaches available in today's market, value investing emerges as a prominent and enduring strategy. It forms the bedrock of the Rule One investment ethos. In this exploration, we delve into the core principles of value investing and its divergence from Rule One. The Heart of Value Investing Value investing is a strategy that aims to buy companies trading at a lower price-to-earnings ratio. Originated by Ben Graham, the guru behind Warren Buffett, this method is articulated in his foundational text, ‘Security Analysis,’ published in 1934 and still pertinent in modern times. Graham labeled this method ‘value’ investing because the objective is to secure greater value than the amount paid. The central idea is to get $10 worth of value for a $5 price. Graham advocated for investing in a broad portfolio of undervalued companies, often around 200, to offset the risk associated with investing in a company that is cheap for a good reason, such as impending bankruptcy. For Graham, a stock was considered undervalued and investment-worthy if it could be bought for less than its liquidation value, which is based on the company's net assets per share. While the foundational tenets of this timeless technique remain valid, they were particularly effective during the Great Depression and World War II, periods when Graham was actively investing. The Progression of Value Investing When Warren Buffett entered the investment arena, the economic landscape had evolved, making it more difficult to find companies that were significantly undervalued. What was the modification? To tackle this, Buffett adapted the theory, focusing on identifying not only undervalued companies but also those that were exceptional businesses with a foreseeable future. This necessitated a deep comprehension of the business, which naturally limited the scope of investments to what Buffett called your ‘circle of competence.’ The Rule One strategy expands on this evolution, concentrating on exceptional businesses that exhibit specific traits. The Rule One perspective on value investing posits that the most effective way to achieve substantial returns is to identify a few companies that are inherently excellent, led by capable individuals, and are priced significantly below their actual worth. A business that meets these criteria is deemed a Rule One stock. Characterizing Rule One Stocks Fundamentally, a Rule One stock is one that is priced below its intrinsic value. The challenge lies in ascertaining what the intrinsic value is. Intrinsic value is a term frequently used in value investing, and for good reason—it is crucial. While value investors often base decisions on the perceived low cost of a business, Rule One investors understand that it is preferable to invest in an exceptional business at a fair price rather than a mediocre business at a low price. This is why Rule One investors must have an in-depth understanding of the companies they invest in. We must know the business well enough to recognize its excellence. I will later teach you how to identify outstanding companies and assess their intrinsic value. The Value Investing Mindset There is a value investing mindset that is essential to grasp. Grasping this mindset is a vital step in mastering value investing. Although it may seem straightforward, purchasing $10 bills for $5 can be emotionally challenging, but these mindset tips will aid you in mastering it. Fear as an Ally Buffett stated that the key to outstanding investment outcomes is to buy when fear is present. Fear is what causes the market price of an excellent business to be significantly lower than its value. In fact, fear is the sole factor that makes the market price of a business incorrect. Without fear surrounding this business, industry, or economy, the business will not be

Premier Inn could make way for 14-storey student block
Commercial Property 2026-01-09 01:12:33

Premier Inn could make way for 14-storey student block

New plans have been revealed to redevelop the site of a Birmingham hotel into student accommodation. Under the proposals, the Premier Inn, in Essington Street, would be demolished to make way for a new 14-storey property containing 546 bedrooms. Other amenities at the site near Broad Street would include study space, a garden and terraced areas. A specialist operator would be appointed to run the accommodation and the hotel will continue to trade during the planning process. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. The brand's owner, listed group Whitbread, said the proposed move was part of its plans to build what it called a 'perfect portfolio' of locations across Birmingham. Currently, the business has eight venues in the city and is looking for two new locations in the Smithfield and Snow Hill areas. It is estimated there is a shortfall of more than 19,500 bedrooms for students across the city and full-time numbers are set to increase. Whitbread's senior development manager Richard Pearson said: "With a significant shortfall of student bedspaces across the city, our proposals would provide much-needed accommodation which offers the very best experience for students. "The building has been carefully designed to complement other properties on Broad Street and provide high-quality landscaping to enhance the neighbourhood. "I would like to thank our project team for all the dedication and commitment in getting the plans to the current stage and I am looking forward to talking to residents and our other local stakeholders through our plans in the next few weeks."

Virgin Money's takeover by Nationwide building society is completed
Finance 2025-12-24 11:59:28

Virgin Money's takeover by Nationwide building society is completed

The takeover of Virgin Money by Nationwide has been completed, the leading building society has announced. After getting court approval at the end of last week, the £2.9bn deal has now been made effective, with the entire issued and to be issued share capital of Virgin Money now owned by Nationwide. The deal will bring together Britain’s fifth and sixth largest retail lenders, creating a combined group with around 24.5m customers, more than 25,000 staff and nearly 700 branches. Nationwide has previously said that it would retain the two brands and phase out Virgin Money over the next six years. It has also said it wasn’t looking to cut staff at Virgin Money’s main sites in Newcastle and Glasgow in the short term. Virgin Money chief executive David Duffy has stepped down to be replaced by Chris Rhodes, who was formerly Nationwide’s chief finance officer. Debbie Crosbie, chief executive of Nationwide, said: “Nationwide is now a stronger mutual and able to deliver even greater value through our unique branch promise, leading customer satisfaction, and competitive savings and lending rates. All Virgin Money profits will be retained for the benefit of customers and, for the first time in the UK, a full service business bank will be part of a large and modern mutual.” Chris Rhodes, new chief executive at Virgin Money, said: “This is the start of an exciting new chapter for Virgin Money as it becomes part of Nationwide, creating the UK’s second-largest provider of mortgages and savings accounts.

New self-storage facility launches
Commercial Property 2026-01-03 23:08:26

New self-storage facility launches

A new self-storage centre powered by the latest technology has opened in the Black Country. Wolverhampton-based Westbeech Group has launched its first Nest Storage centre on Old Hall Industrial Estate, in Revival Street, Bloxwich. Nest Storage is open 24/7 every day of the year with access granted via a mobile app. It is housed in what used to be a bowling alley on an industrial estate that was also once home to a snooker hall and gym. Westbeech Group owns a number of industrial estates across the West Midlands and is in negotiations over a second site in Wolverhampton. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Managing director Ian Houghton said they had researched the self-storage market for the past 18 months before electing to partner with Engage, a Birmingham-based business which runs and manages 22 similar units for different UK brands. "Self storage is a well developed industry but most of the big players in the market constructed their dedicated units in the past five to ten years," he said. "Since then, technology has changed dramatically what we can do and, particularly in the last 18 months, has taken giant strides forward. "We believe we are launching with a cutting-edge product that is designed for today's tech-savvy customers. "Our first unit has been custom designed with new technology inbuilt, whereas retrofitting can cost between £50,000 and £100,000 per site.

Pattinson Estate Agency sees 'flying start' to 2025 after year of expansion
Commercial Property 2025-12-30 11:35:17

Pattinson Estate Agency sees 'flying start' to 2025 after year of expansion

The founder of North East estate agency business Pattinson says the group has seen a ‘flying start’ to 2025 following a year in which it strengthened its position on the region’s high streets. Based at the Silverlink Business Park in North Tyneside, Pattinson operates an estate agency business and auction company and now has 30 offices across the region, having made key acquisitions over the last two years. New accounts covering 2023 have been filed by the firm, which show turnover increased 13.5% to £16.74m, though profit for the financial year dropped 11.8% to £1.78m. The company said the fall in profitability reflects its “continuing investment in our people and technology, as well as integrating other firms acquired during the year”, which was viewed as essential to safeguard the future growth and success of the business in the years to come. In the accounts, director Caroline Pattinson said 2023 was a year which continued to see challenges as well as opportunities. She said: “The property market continued to be disrupted by the continued increase of the Bank of England base rate throughout 2023. This certainly had an impact on the number of new properties coming to the market and saw more and more landlords leaving the rental market due to increased costs of finance. The increasing popularity of auction has been positive and we continue to innovate in this space.” After the figures were released, founder Keith Pattinson highlighted work which had been carried out in the months following the year end. He said: “2024 was a busy year for us on a lot of fronts. We increased the number of offices we have on the high street by taking over two well established estate agents who were choosing to retire in early 2024. “This has strengthened our position as the agent with the most offices in the region and we maintained our position as the estate agent who sold the most houses in the North East. Whilst banks are retreating from the high street we still see the need to be available to our customers and have a base for our teams to work from. He added: “We have expanded our head office into the neighbouring building as the business continues to grow and we continue to invest. The rentals market remains strong although there continues to be a shortage of rental properties and landlords are understandably concerned about some of the proposed changes to rental legislation. “2025 is off to a flying start and we are on track to increase the number of properties put on the market and sold in January and I am optimistic in the year ahead. I turned 75 last year and we celebrated 48 years of Keith Pattinson Ltd, I had plans to retire but I still enjoy being actively involved in the business, as it continues to grow.”

How to Start Investing and Build Your Financial Future
Investment Focus 2025-12-30 08:02:23

How to Start Investing and Build Your Financial Future

Embarking on the journey to become an investor is a path that can unlock enduring value and potentially create wealth across generations. Even the most seasoned investors, like Warren Buffett, started with limited knowledge. Key to success is adopting the correct approach, a dedication to financial freedom, and a consistent commitment to learning. Armed with these, anyone, including you and I, can accumulate wealth. The initial steps can seem daunting, which is why I'm outlining a straightforward route to prosperity that many accomplished investors I've encountered have taken. Buffett articulates two fundamental investment principles: Rule #1 – Preserve your capital, and Rule #2 – Remember Rule #1. Embrace the straightforward investment philosophy taught by Buffett, Ben Graham, and Charlie Munger, three icons in the investment world. You can acquire the knowledge to become an investor and, more significantly, accumulate wealth that will support you and your lineage for years to come. I speak from experience, having traversed this path, and if I could do it, so can you. Join me on this incredible voyage. Embarking on the Investment Pathway in 8 Stages The investment journey can be simplified into 8 accessible stages that anyone can embark on, regardless of their current financial knowledge or status, even if you started with no capital like I did. What you need is an understanding of the strategies employed by successful investors, and soon, you too can relax and watch your wealth accumulate. You won't be alone in this endeavor. I will accompany you throughout your investment journey, imparting the invaluable insights I've gained from my own experiences and those of the renowned investors who have paved the way before us. After all, if you aspire to become an investor, why not learn from the best? 1. Acquire Quality Investment Materials Let's commence with the first step: securing the appropriate investment materials, as identifying reliable educational resources is pivotal to your investment success. The challenge with finding credible resources is the absence of an official Rule #1 curriculum. This means the entry barrier for educators is minimal—virtually anyone can instruct on 'investing', including those from prestigious universities. Consequently, there is a plethora of misinformation circulating. In fact, Charlie Munger once remarked that he believes 95% of financial professionals make witch doctors seem respectable. To assist you, I've compiled a virtual library filled with tools and resources that I consider to be beneficial. You may eventually utilize every resource in that library, as part of being an investor involves perpetual learning. For instance, I was invited to Japan to meet Wahei Takeda, an 84-year-old billionaire, often referred to as Japan's 'Warren Buffett'. He had read my book, Rule #1, and was eager to discuss it with me. He exemplifies a person who never ceased learning. Even as an octogenarian billionaire, he remained inquisitive and receptive to new investment materials. Utilize these resources to establish a foundational grasp of Rule #1 investing and refer back to them when. 2. Grasp the Fundamentals of Investing With the right resources at your disposal, you can begin to learn the essentials of investing. Investing, primarily in stocks, is genuinely straightforward. Stocks symbolize ownership in a business, and to be a prosperous investor, you must first comprehend the business. Then, ensure it possesses an inherent quality that shields it from competition. Afterward, have confidence in the CEO's integrity and ability. Lastly, understand the value and purchase it with a significant margin of safety. These four straightforward concepts have generated more millionaires and billionaires than any other investment approach. They differentiate investment from speculation. For a more in-depth exploration of these foundational principles, consult my Investing Guide, and then you're ready to proceed to Step Three. 3. Embrace a Novice Mindset There exists an extensive collection of literature on the novice mindset across various disciplines, including meditation, yoga, prayer, golf, tennis, and motorcycle maintenance, among others I've explored. I could pen a volume on Zen and the Art of Investing, but it would be brief, so let me share the essence of this crucial Zen concept—maintaining a novice mindset. When venturing into the unknown, you begin as "unconsciously incompetent." It's exhilarating to attempt something new without realizing your ignorance. Free from preconceived notions, unencumbered by expectations, and unburdened by proof or performance, you

Mastering Financial Prudence through Conscious Practices
Investment Focus 2025-12-21 21:09:55

Mastering Financial Prudence through Conscious Practices

A significant number of financial difficulties arise not from insufficient income, but from spending beyond one's means. In my early years of investing, I worked as a Grand Canyon river guide with an annual salary of just $4000. Despite this modest income, I was able to live comfortably for a decade, residing in my VW bus and occasionally on the floor of the Transcendental Meditation Center in Flagstaff during the coldest nights. While you may not want to emulate my extreme frugality, it is entirely possible to live within your means and even save for investments by mastering a few simple strategies. 1. Enhancing Expense Tracking To effectively manage your finances, it's essential to have a clear understanding of where your money goes. Instead of the tedious process of budgeting and tracking every cent, consider a more intuitive approach that's as enjoyable as a summer day. Collect several envelopes and a black marker. Label each envelope with a specific spending category, such as "fuel," "dining out," or "groceries." After receiving your paycheck, allocate a portion of cash to each envelope based on your anticipated expenses for that period. If you plan to spend $200 on fuel, place that amount in the "fuel" envelope. Continue this process until you've either run out of envelopes or cash. If you find empty envelopes before your cash runs out, rearrange the funds to cover your essentials. Spend only the cash from the designated envelopes, avoiding credit cards and other payment methods. If the "groceries" envelope is empty, it's time to get creative with your meals. By following this method for a few pay periods, you'll gain insight into your spending habits and identify areas where you can reduce expenses. 2. Controlling Impulsive Spending I must admit, I have a tendency for impulsive purchases. However, when funds are limited, such as in my early days, this habit is naturally subdued. To control your impulses, question the necessity of any purchase over $50. Consider its impact on your life and whether it's worth the cost. Apply this discipline especially to food purchases. You may find that not only do you spend less, but you also eat healthier, potentially even losing weight in the process. Ask yourself: How long will the item last? Will it put you in debt? Is the value it provides over time worth the expense? 3. Credit Card Usage: Paying in Full Each Month Credit cards are not inherently bad, but they often represent a trade-off between discipline and convenience, which is usually not a favorable exchange. As you work on financial discipline, keep those cards in your wallet and use cash for your transactions. If you must use a credit card, ensure you pay off the balance in full each month. This practice will help you track your spending without incurring interest charges, effectively making it similar to paying with cash. 4. Dropping the Desire to Impress Let go of the desire to impress others; no one is truly concerned with your choices. People are more focused on their own image and what others think of them. Embrace individuality and avoid the common trap of spending to maintain a certain image. This often leads to unnecessary expenses on cars, clothing, and other superficial items. I've always been good at this; I didn't care about impressing others. My possessions were minimal, and I focused on buying what I truly enjoyed rather than what others might think. 5. Identifying and Eliminating Budget-Draining Habits Living on a shoestring budget for over a decade taught me the importance of avoiding bad spending habits. If you have any, it's a sign that you likely have more money than necessary. Examine your habits for

The Smartest Ways to Invest $10,000 in 2025 for Maximum Returns
Investment Focus 2025-12-31 21:15:15

The Smartest Ways to Invest $10,000 in 2025 for Maximum Returns

Having $10,000 to invest is an excellent beginning. Many wealthy investors, including Warren Buffett, started with less. However, simply throwing your money into the stock market without a proper investment strategy won't yield the best results. To transform your initial investment into long-term gains, consider the following top investment strategies for your $10,000. 1. Fully Fund an IRA IRAs provide significant benefits, such as tax deferral on earnings, enhancing their appeal to investors. Imagine investing $5,000 in an IRA, which grows to $40,000 at retirement. You only pay taxes on the initial $5,000, not the final amount. This tax advantage is a significant advantage. There is an annual contribution limit for IRAs. In 2017, it was $5,500 for individuals under 50 and $6,500 for those 50 and older. Given $10,000 to invest, maximizing your IRA contribution should be your priority due to the unmatched freedom and tax benefits it offers. 2. Maximize Your 401(k) Contributions If your employer offers a 401(k) match, it's wise to contribute up to the match limit. Failing to do so means leaving free money on the table, as your contributions are effectively doubled. After reaching the match limit, consider other investment options for the remainder of your $10,000. 401(k)s limit your investment choices, requiring you to diversify across a limited selection of mutual funds. This broad diversification is more about betting on market growth than selecting individual companies. While the market generally rises over time, higher returns are possible by carefully selecting companies based on their value and potential. 3. Diversify into Individual Stocks After maximizing IRA and 401(k) contributions, consider investing in individual stocks. Adopting Rule #1 investing principles can help you identify quality companies, purchase them at a discount, and potentially achieve annual returns of up to 15%. These returns are rare with broad market diversification but are achievable with individual stocks. Patient, knowledgeable, and rational investment in individual stocks can significantly grow your wealth. 4. Invest in Personal Development The most valuable investment is in oneself. Equipping yourself with the necessary knowledge and resources to succeed as an investor will yield the best returns. After investing in an IRA, 401(k), and a few individual stocks, use the remaining funds to learn all you can about investing. Education is the key to consistently selecting great companies for investment. Want to test your investment knowledge against experienced investors? Take the Investing IQ Quiz! P.S. If you're looking for more information before investing $10k, here are some resources you might find useful. Interested in the best ways to invest $500? Explore our top picks for small-scale investments. Want to learn from Warren Buffett? Check out his renowned investing quotes. Looking to double your money every 7 years with compound interest?

Cornwall firms land share of £5m for offshore wind projects
Finance 2026-01-02 10:23:12

Cornwall firms land share of £5m for offshore wind projects

Several Cornish companies are set to share nearly £5m of funding for supply chain projects in the offshore wind sector. The money has been awarded to 13 companies across the UK from the initial round of the Crown Estate’s £50m Supply Chain Accelerator. Projects selected include those supporting the skills transition, floating platforms, anchoring and mooring systems, test facilities, and operations and maintenance facilities. Among the firms in the Duchy to receive cash include Falmouth-based Tugdock, which was founded in Cornwall in 2017 and has patented modular floating drydock technology, and Redruth-based subsea engineering company Tardra. The first funding round opened in June this year for UK projects that could support floating offshore wind in the Celtic Sea. In early 2024, the Crown Estate published the Celtic Sea Blueprint which predicted that 5,300 jobs and a £1.4bn economic boost could be generated through deploying the first floating offshore wind capacity, resulting from the current Leasing Round 5 process, in the waters off South Wales and South West England. The research highlighted a number of opportunities for supply chain development essential for the deployment of these floating wind farms. Successful projects were selected based on a number of criteria, one of which was their ability to deliver on the requirements of the Celtic Sea Blueprint. Ben Brinded, head of investment at The Crown Estate, said: “This is a significant moment for The Crown Estate as our first direct investment into the UK’s offshore wind supply chain, and I would like to congratulate the 13 organisations on their success. “As outlined by the government’s emerging Industrial Strategy, in order for the UK to realise the economic benefits from the clean energy sector - and from offshore wind in particular - it is vital that there are mature, investable propositions which crowd in investments from both public and private capital." Energy minister Michael Shanks said: “Our clean power mission brings with it huge potential to expand our supply chains, creating skilled jobs and growth across the country." The Crown Estate has earmarked a further £45m for future rounds that could potentially be deployed to support further projects around the UK that meet the opportunities identified by the Industrial Growth Plan for the offshore wind sector.

Strategically Allocating a $10,000 Investment in 2025 for Optimal Profits
Investment Focus 2025-12-22 13:41:52

Strategically Allocating a $10,000 Investment in 2025 for Optimal Profits

Embarking on an investment journey with $10,000 is a commendable starting point. Numerous affluent investors, like Warren Buffett, have built their fortunes from even modest beginnings. However, navigating the stock market without a strategic plan will not yield the most substantial returns. To convert your initial capital into substantial long-term profits, consider these premier investment approaches for your $10,000. 1. Optimize Your IRA Contributions IRAs offer considerable advantages, such as tax deferral on earnings, making them a compelling choice for investors. Visualize contributing $5,000 to an IRA, which could escalate to $40,000 by retirement. You are taxed only on the initial $5,000, not the final sum. This tax benefit is a significant advantage. There is an annual cap on IRA contributions. In 2017, it was $5,500 for individuals under 50 and $6,500 for those aged 50 and above. With $10,000 to invest, it is essential to maximize your IRA contribution due to the unparalleled flexibility and tax benefits it provides. 2. Boost Your 401(k) Contributions If your employer offers a 401(k) match, it is prudent to contribute up to the matching threshold. Not doing so is akin to forgoing free money, as your contributions effectively double in value. After reaching the match threshold, consider alternative investment options for the remaining $10,000. 401(k)s restrict your investment options, necessitating diversification across a limited range of mutual funds. This broad diversification is more about betting on overall market growth rather than selecting specific companies. While the market generally trends upward over time, higher returns are attainable by meticulously choosing companies based on their value and potential. 3. Venture into Individual Stocks After maximizing IRA and 401(k) contributions, consider investing in individual stocks. Employing Rule #1 investing principles can assist you in identifying top-tier companies, purchasing them at a discount, and potentially achieving annual returns of up to 15%. These returns are uncommon with broad market diversification but are feasible with individual stocks. Patient, knowledgeable, and rational investment in individual stocks can substantially increase your wealth. 4. Invest in Personal Growth The most valuable investment is in oneself. Equipping yourself with the necessary knowledge and resources to thrive as an investor will yield the highest returns. After investing in an IRA, 401(k), and a few individual stocks, utilize the remaining funds to learn everything you can about investing. Education is the key to consistently selecting outstanding companies for investment. Are you ready to pit your investment knowledge against seasoned investors? Take the Investing IQ Quiz! P.S. If you're seeking additional information before investing $10k, here are some resources you might find beneficial. Interested in the best ways to invest $500? Explore our top picks for small-scale investments. Want to learn from Warren Buffett? Check out his renowned investing quotes. Looking to double your money every 7 years with compound interest?

Major project launched to shape the future of Hull city centre
Commercial Property 2026-01-05 09:27:52

Major project launched to shape the future of Hull city centre

Hull City Council has launched a major project which is set to guide investment and regeneration in the city over the next 20 years. The local authority is seeking views on the Hull City Centre Vision – a development aimed at creating a more family-friendly, sustainable and prosperous city centre of the future, for residents, visitors and businesses. The project, led by urban design specialists, will focus on key areas as it builds up a blueprint for the city, including identifying key development plots in the city centre, enhancing outdoor public spaces and improving accessibly across the city centre. The authority says the vision will raise the profile of Hull to help drive more inward investment and development, and grow the local economy, creating more jobs and supporting new and existing businesses. Work will also be carried out to boost the number of homes in and around the city centre to create a more vibrant destination. A six-week consultation process has been launched, running until March 16, calling upon people to make their views on the vision known. The project will help inform Hull’s Local Plan which is set to be updated later this year, and the council said it will closely align with the council’s long-term strategies for around carbon emissions, public realm, housing, economic development and health and wellbeing. Coun Paul Drake-Davis, portfolio holder for regeneration and housing at the council, said: “Our council is one that listens to local people, cares about their views and then takes action. We’re excited by this new project as we look to create a city centre that reflects the long-term needs and aspirations of our residents and businesses. “Once finalised, this vision will help set us on a path towards a city centre that not only supports economic growth but is also a place our communities can feel proud of. We want our city centre to be a better place for people to live, work and thrive and we’re looking forward to listening to people’s views.” Andy Roberts, director at Planit, added: “We are proud to be leading this hugely important work for the city of Hull. Our vision aims to create a city centre that offers safe and welcoming neighbourhoods, supports a healthier and fairer Hull, drives economic growth, and responds effectively to the climate emergency.

Electroplating firm invests £2.3m into Black Country plant
Commercial Property 2025-12-13 10:16:34

Electroplating firm invests £2.3m into Black Country plant

Electroplating and coatings firm Anochrome has increased capacity by investing £2.3 million into its Walsall site. The company has spent £1.3 million on a new state-of-the-art plant and more than £600,000 to modernise a large bay. UK divisional director Steve Norman said the new plant would boost production capacity by at least five per cent while the new-look bay would reduce energy costs and provide working conditions for employees. Meanwhile, the front façade of the building has also been completely revamped, along with the reception area. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Anochrome is one of the largest electroplating and coatings specialists in the UK, processing tens of millions of components every week and dealing predominantly with automotive suppliers. Mr Norman said: "This investment will bring significant benefits to both our customers and our people. "It's an important moment for the business which demonstrates our commitment to continued growth while being environmentally responsible. "The revamped bay was where we kept all our scrap and redundant equipment. That area has been completely overhauled and is now an energy-friendly, modern unit fit for the future. "It will help us service all our manufacturers' technical specifications, while minimising our environmental footprint. It's an exciting time to be part of Anochrome as we push forward and target strategic growth."

Accountancy giant takes space at landmark Bristol office development
Commercial Property 2025-12-28 19:19:51

Accountancy giant takes space at landmark Bristol office development

A landmark Bristol city centre office development has secured a UK professional services firm as its latest tenant. Forvis Mazars is taking 7,800 sq ft of Grade A space on the eighth floor of Assembly Building C. The company joins a community of businesses at the mixed-use scheme including law firm Clarke Willmott and Norwegian wireless fabless manufacturer Nordic Semiconductor, which are within the same building. Other businesses in the development include real estate firm Knight Frank in Building B and BT, which has its South West hub - employing some 2,500 staff - in Building A. The Assembly scheme comprises three office blocks overlooking Bristol’s historic harbour. The project is part of the growing Bristol Temple Quarter Enterprise Zone next to Temple Meads railway station. The public realm surrounding the development is now complete, including a public art trail by acclaimed artist Alex Chinneck. The scheme has also enabled the re-opening of a historic walkway through the site, reconnecting Temple Meads to the city centre for the first time in 50 years. Assembly Bristol is represented by Savills and JLL as letting agents. Forvis Mazars was represented by Cushman & Wakefield. “Assembly Bristol is setting the standard for a mixed-use regeneration scheme, offering flexible and smart workspace across three buildings, as well as cafés and public space,” said Chris Meredith, director at Savills. “Incorporating the latest methods of construction and design, the buildings combine exceptional quality with excellent efficiency and impressive sustainability. It has been thoughtfully designed to deliver a thriving workplace with a focus on staff wellbeing, productivity and health."

'Success isn't hidden formula', says pension app founder after raising £1.8m
Finance 2025-12-16 01:47:08

'Success isn't hidden formula', says pension app founder after raising £1.8m

The founder of a pensions app that has raised £1.8m in funding this year says there is no "hidden formula" to success. In the two years since establishing his business, Royden Greaves has developed a retirement planning platform and secured backing from major investment funds. The London-based entrepreneur, who moved to the UK from Montserrat to do his A-Levels more than 20 years ago, is on a mission to simplify financial planning for retirement. He launched Jarvis in 2022 after a decade working in wealth management. The 39-year-old, who invested £100,000 to start up his company, was inspired to set up a business after deciding access to financial planning was limited to a select few firms. "I knew I needed to simplify pensions and empower individuals to take control of their financial future," he told Business Live. "We’re creating a complete pension solution that covers the needs of employed workers and the self-employed, offering a real alternative to the traditional 'old school' incumbents. "We've evolved to provide a pension that workers actively engage with, like a modern banking app, so they know exactly how and when to retire." In July, Jarvis secured seed funding in a round co-led by Ascension VC and Cornerstone VC, with participation from Tokio Marine Future Fund. Just a month later, it launched its workplace pension offering as well as pension tracing and a 'retire now' solution. "Success, for me, isn't about some hidden formula," he said. "It's about the daily commitment to waking up and striving to make progress." But it's not been a completely straight road for the businessman, who admits the biggest challenge he's facing is making pensions accessible - and engaging workers - in the UK. "We’ve tackled this by identifying the 'missing link' and retirement guidance gap in pensions," he said. "As a result, we’ve built a lifetime pension with both personal and workplace jars and created a user experience that feels like a challenger bank." Mr Greaves believes Sir Keir Starmer's government needs to keep innovation at the forefront of its agenda if it wants to help businesses like his.

Private equity investment in South West rises but deal volumes fall
Finance 2026-01-05 07:39:51

Private equity investment in South West rises but deal volumes fall

West Country firms attracted billions of pounds of private equity investment last year although the total number of deals fell slightly, a new report has found. Investment activity in the region grew by 3.4% over the year to £6.2bn, according to the latest UK Private Equity Review from KPMG UK. The findings reflect a period in which the UK experienced a more stable economic climate, with interest rates and inflation falling; greater political certainty following elections; and a surge in transactions ahead of anticipated changes to capital gains tax. Across the region, there were 100 deals in total - dropping from 104 the year before. KMPG said the fall was driven by suppressed deal volumes in H1, followed by strong recovery in H2, with the Autumn Budget contributing to transactions increasing by 32.6%. Investment in the South West accounted for 3.9% of total new private equity backing in the UK. London continued to deliver the greatest interest from private equity funds, attracting £78.1bn of investment, ahead of the North West (£20bn) and the South East (£15.8bn). John Levis, head of corporate finance in the South West at KPMG UK, said: “It’s great to see PE activity in the South West increase in 2024 – testament to the ambition of the region’s innovative businesses. “Generally, firms have started 2025 with much more clarity and confidence on the economic landscape ahead of them and the prospect of further cuts to interest rates that would serve to stimulate M&A. We’re looking forward to seeing South West businesses continue their growth journeys and attract further investment as a result.” Nationally, total private equity investment activity in the UK increased last year. There were 1,699 transactions, with a total value of £158.9bn invested in British companies - an almost 12% increase in deal values from 2023. The majority of deal activity took place in the second half of the year, with values increasing to their highest level since the first half of 2022. Alex Hartley, head of corporate Finance at KPMG UK, added: “There are encouraging signs from the 2024 data that deal activity may have bottomed out in the UK in 2023, as we saw activity, both in volume and value, pick up last year. In particular, we saw significant activity in the second half of the year as many business owners tried to get ahead of expected changes to capital gains tax. “Given the current signals in the market around increased activity levels – alongside reducing inflation and interest rates and greater political certainty – there is cautious optimism that UK private equity deal activity will see further growth through 2025 and 2026.”

Understanding Market Capitalization: A Key Investment Metric 1106
Investment Focus 2025-12-13 10:03:39

Understanding Market Capitalization: A Key Investment Metric 1106

Market capitalization, commonly referred to as "market cap," is a pivotal concept in the realm of investing, despite its apparent complexity. It is a critical tool for assessing the value of publicly traded companies. While it is a simple measure, it should not be the only factor considered when making investment decisions. This piece aims to clarify the concept of market capitalization, its relevance, the process of calculating it, and how it can be integrated into your investment approach. We will also explore the spectrum of market cap categories, including large-cap, mid-cap, and small-cap firms. The Essence of Market Capitalization At its core, market capitalization reflects the stock market's assessment of a company's value. This is determined by the total number of a company's shares in circulation, multiplied by the current market price per share. Consequently, an increase in the number of shares or their market price results in a higher market cap. Alternatively, it can be viewed as the theoretical cost of purchasing the entire company in a single transaction. Market Capitalization vs. Intrinsic Value It's a common misconception to equate market cap with a company's actual worth. Even some scholars have mistakenly assumed that market prices accurately represent a business's value. However, as noted by Warren Buffett, this assumption is often incorrect. A company's market cap is derived from its share price, which, as we know, does not always align with its intrinsic value. Consider the volatile stock prices of meme stocks like GameStop and Dogecoin, which are more influenced by social media buzz than the companies' fundamental values. It's crucial to understand that a stock's price does not always reflect a company's value, rendering market cap as just one piece of the investment puzzle. The Significance of Market Capitalization If market cap is merely an indicator of price, why is it important? A company's market cap signifies its size, which helps investors to estimate the company's scale and potential for growth. Market caps can vary significantly, but investors typically categorize them into small-cap, mid-cap, and large-cap companies. While these categories can assist individual investors, they are more frequently used by funds to diversify their clients' portfolios with a mix of smaller and larger companies. Large-Cap Stocks Firms with a market cap above $10 billion are classified as large-cap. Large-cap companies are generally stable, with a robust track record and substantial market share, though they are not without risk. The potential drawback of large-cap stocks is their slower growth due to their established market position. An example of a large-cap company is Walmart, with a market cap of approximately $370 billion. Mid-Cap Stocks Mid-cap companies have a market cap ranging from $2 billion to $10 billion. They may serve niche markets or face competition that prevents them from becoming large-cap companies. Alternatively, they could be newer companies in a high-growth phase. Examples include Robinhood, Hyatt Hotels, and Docusign. Small-Cap Stocks Small-cap companies have a market cap between $300 million and $2 billion. Companies below $300 million are considered micro-cap. Unlike large-cap companies, small-caps carry higher risk but also offer significant growth potential with substantial returns. Small-cap stocks include Coursera, SmileDirectClub, and Health Catalyst. Calculating Market Capitalization Calculating market capitalization is a straightforward process that can quickly determine the market caps of potential investments. Market Cap Formula Market capitalization

Actor Michael Sheen backs fair banking for all campaign
Finance 2025-12-24 20:48:49

Actor Michael Sheen backs fair banking for all campaign

Actor Michael Sheen has backed a campaign calling on the UK Government to introduce legislation to help tackle the crisis of unaffordable credit and related high levels of indebtedness. The Welsh actor is backing the Fair Banking for All Campaign – a group including credit unions, community development finance institutions (CDFIs), fintechs, charities and policy experts - which is pressing for a Fair Banking Act to help increase access to affordable credit. The campaign said that from 2022 to 2023, more than nine million people were declined for credit, with many relying on pay-day-lenders and buy-now-pay-later schemes with high interest rates. At its worst, lack of access to affordable credit means hundreds of thousands of people find themselves turning to loan sharks, while viable businesses remain stuck, unable to develop and create jobs. Read More: Michael Sheen pays off debts of hundreds of people Read More: The huge financial crisis engulfing Welsh universities Mr Sheen said: "Anyone can find themselves in a place where they need credit to make ends meet or to get through a difficult time. The lack of affordable credit for people on lower-incomes is harming individuals and families, but also businesses and communities. Whole regions are seeing their growth held back. We can’t keep waiting and hoping that things will get better. We need something to change now. The Fair Banking Act could be the thing which really makes the difference.” The actor was speaking at a Westminster event on the credit access issue organised by the All Party Parliamentary Group on Fair Banking (APPG) Lloyd Hatton MP, chair of the APPG, said:“We need a Fair Banking Act to help increase affordable lending in every corner of the country, ensure small businesses have access to the financial support they need, and guarantee that nobody is financially excluded by the mainstream banks. Only then will we deliver sustained economic growth across the whole of the UK.” Before the General Election Labour said that financial inclusion would be a priority of government, with plans being developed for a comprehensive national financial inclusion strategy. The Fair Banking for All Campaign is calling for a Fair Banking Act to be a central pillar of this strategy, to help grow the responsible finance sector. It said the idea is based on a successful example from the US, where similar legislation has successfully increased access to financial services and support for people on low-incomes and from marginalised communities. As well as leading mainstream banks to improve their own provision of affordable credit for underserved communities, the proposed legislation would also incentivise partnerships between high-street banks and institutions such as credit unions and CDFIs, which are often best placed to provide tailored services that meet the needs of individuals and small businesses who have been turned down by larger institutions. Research from the Fair Banking for All Campaign estimated that a Fair Banking Act in the UK could increase fair and affordable lending to individuals by £2bn a year - equivalent to the total amount owed to loan sharks. This it said would help to pull the rug out from under the illegal lending market, by providing people with a safe and affordable alternative when they’re in urgent need. Additional support to small businesses could create or maintain just under 10,000 jobs over five years, including in some of the most economically deprived parts of the country – where small businesses currently find it hardest to get loans from high street banks. Robert Kelly, chief executive of the Association of British Credit Unions, said: “We need more humanity in our banking system. At a time when more and more people need access to affordable credit, their options are becoming more and more limited. People are being turned down by high-street banks because of their income level or credit score, and so they’re turning to high-cost credit or illegal lending. Credit unions give them an alternative. The sector continues to serve communities and employers across the country at record levels through the provision of ethical and responsible products and services. There’s so much demand out there for this kind of alternative - but we need a Fair Banking Act so we can grow to meet that demand, and help millions more people”

Somerset filter manufacturer expands HQ amid growing demand
Commercial Property 2026-01-05 20:17:09

Somerset filter manufacturer expands HQ amid growing demand

A Somerset-based air filter manufacturer is extending its headquarters in Bridgwater to help cover growing demand for its products globally. Family-owned Jasun Envirocare is spending £300,000 to add to its Riverside House premises as part of its ongoing growth plans, it said. The company employs more than 200 people at its UK operational sites in the town and in Waterlooville, in Hampshire, and also has factories and offices in Europe. Jasun Envirocare’s chair, Graham Bentley, said: “We’ve seen demand for our products grow dramatically from Europe in the last few years, particularly since setting up operations in France in 2014 and Spain in 2018. "Our new building at Riverside will help us meet international requests for our products, speed up the process and allow us to sell more too." Mr Bentley said the firm's two subsidiary companies in Europe had helped the business "significantly" increase its export work, despite issues related to Brexit. "At Riverside we’re building a 2,300 square feet extension purely for export despatch. It is being managed by our main contractor, Salter Civils and Groundworks and we’re hoping it will be completed and operational in the spring," he added. “This extension and financial investment symbolises our commitment to our international market and to Bridgwater, as this represents a boost to the local economy.” Jasun Envirocare provides a complete range of standard and bespoke, filters and systems, including air purifiers, air filters, panel filters, washables, kitchen canopy grease filters, and HEPA filters.

Sir James Dyson says Labour 'killing off family businesses' with inheritance tax
Finance 2025-12-30 03:10:36

Sir James Dyson says Labour 'killing off family businesses' with inheritance tax

Billionaire inventor Sir James Dyson has taken a swipe at the Government for “eviscerating” UK family businesses with the inheritance tax measures announced in last week’s Budget. The businessman, whose company employs thousands of people at its base in Malmesbury in Wiltshire, warned that small firms and start-ups will “suffer”, while private equity and public companies escape the taxation. Chancellor Rachel Reeves used her first Budget to make changes to inheritance tax, including reducing reliefs for agricultural and business property from April 2026 in a bid to raise more funds for the public sector. For assets over £1m, inheritance tax will apply with an effective rate of 20% – half the standard 40% rate. But the measure has faced a backlash from those across the agriculture sector who say the levy will affect farms being passed down from one generation to the next. Sir James, who, as well as founding technology firm Dyson, owns a commercial farming business, expressed his frustrations with the new Chancellor’s tax changes. He wrote in The Times: “Make no mistake, the very fabric of our economy is being ripped apart. No business can survive Reeves’s 20% tax grab. It will be the death of entrepreneurship.” He added: “Every business expects to pay tax, but for Labour to kill off homegrown family businesses is a tragedy. In particular, I have huge empathy for the small businesses and start-ups that will suffer.” Meanwhile, companies owned by overseas families, and private equity-owned and publicly-listed firms that are “about maximising short-term profit” will not pay the same taxes, he said. Sir James is a major landowner and his business, Dyson Farming, produces crops on 36,000 acres across the UK. The entrepreneur and his family have a fortune of about £20.8bn, according to the latest Sunday Times Rich List. Ms Reeves has defended the proposed reforms to inheritance tax by claiming it is not “affordable” to keep the current system.

**Assessing the Influence of Jack Sinclair's Direction on Sprouts Farmers Market: An Exhaustive Analysis**
Investment Focus 2026-01-06 19:47:43

**Assessing the Influence of Jack Sinclair's Direction on Sprouts Farmers Market: An Exhaustive Analysis**

At Rule One Investing, we are convinced that exceptional leadership is vital for the enduring prosperity of investments. A CEO who excels is not only financially proficient but also possesses integrity, a history of achievement, and a clear vision for the company's future expansion. Leadership can significantly shape a company's trajectory, positively or negatively. Jack Sinclair, CEO of Sprouts Farmers Market, exemplifies how a leader with integrity, foresight, and experience can revitalize a struggling business. His management approach and strategic emphasis on core values have established Sprouts Farmers Market as a significant player in the health-conscious grocery industry. The Significance of Integrity in Leadership Jack Sinclair is renowned for his steadfast integrity. In his dealings with shareholders and financial reporting, he consistently maintains honesty regarding the company's performance. His openness about both successes and challenges is a valuable trait that fosters trust with investors. For investors, Sinclair's integrity translates to dependability. His candid acknowledgment of difficulties reassures shareholders of his dedication to overcoming challenges and celebrating successes. This quality is essential for a leader entrusted with investor capital—one who prioritizes long-term growth over short-term profits. Professional Acumen: Jack Sinclair's Distinguished Career Jack Sinclair's extensive background in the grocery sector has been crucial to his success at Sprouts Farmers Market. With over three decades of experience, including his tenure as Vice President of Walmart's grocery division, Sinclair brought a wealth of expertise to Sprouts when he joined in 2019. Upon joining Sprouts Farmers Market, the company was grappling with maintaining its competitive edge. Drawing from his Walmart experience, known for its cost leadership, Sinclair realized that direct competition with retail giants like Walmart was impractical. Instead, he steered Sprouts towards a distinctive strategy. Strategic Evolution: Highlighting Core Strengths Rather than mimicking Walmart's focus on low prices, Sinclair opted to accentuate Sprouts' unique selling points: fresh, healthy food and specialty products. He redirected the company's efforts to better cater to its core customer base—health-conscious consumers seeking high-quality, niche products. Under Sinclair's leadership, Sprouts has carved out a unique niche in the grocery industry. This strategic pivot has enabled the company to grow steadily while remaining true to its mission. By concentrating on its areas of expertise, Sprouts has become a prominent figure in the health-oriented grocery sector. Accolades and Achievements Sinclair's contributions were acknowledged in 2020 when he was awarded CEO of the Year by Grocery Dive. This recognition underscored his transformative impact on Sprouts Farmers Market. The article detailing his achievements emphasized how he refocused the company during a challenging period. He not only stabilized the business but also outlined a clear path for expansion. Sinclair's vision includes increasing the store count from approximately 400 to 800–1,000 locations over the next ten to twenty years. This ambitious yet achievable plan reflects his ability to combine operational expertise with long-term strategic planning. Insights from Jack Sinclair's Leadership Jack Sinclair's journey offers valuable lessons for investors and business leaders: Integrity Fosters Confidence: A CEO who is transparent about challenges inspires confidence among shareholders. Capitalize on Your Strengths: Instead of replicating competitors, concentrate on what differentiates your business. Vision for the Future: Sustainable growth requires a well-defined plan and the discipline to execute it. As Sinclair continues to guide Sprouts Farmers Market towards its objectives, his leadership stands as a case study in how authenticity and expertise can enhance both investor confidence and business success. Conclusion Jack Sinclair's tenure at Sprouts Farmers Market demonstrates the transformative power of leadership. By emphasizing transparency, leveraging his decades of experience, and focusing on a niche market, he has turned the company into a formidable competitor in the health-focused grocery sector. Investors looking

The Common Misconception of Financial Advisors' Role in Investment Success
Investment Focus 2026-01-01 18:04:18

The Common Misconception of Financial Advisors' Role in Investment Success

A widespread belief in the financial sector is that financial advisors hold the secret to successful investing. This belief may stem from the compelling marketing strategies employed by financial advisory firms. However, it's crucial to understand that many investors who manage their investments independently often achieve better results than those who depend on advisors, especially considering the fees that can substantially reduce their earnings. If you're questioning the need for a financial advisor for profitable investing, here are some points to ponder. 1. Financial Advisors Do Not Aim to Beat the Market It's not expected that financial advisors will beat the market. Their primary function is to act as guides or counselors, helping to set financial goals, providing support during tough times, and promoting wise financial decisions. You should assess whether their advice is worth the 1% annual fee that is deducted from your investment portfolio. 2. Fees Are Inescapable Regardless of Results Financial advisors charge fees that are not performance-based but are instead linked to the size of your investment. This implies that even if they fail to increase your wealth, you are still required to pay for their services. This arrangement introduces unnecessary risk and cost to your investment strategy and provides little motivation for advisors to aim for exceptional results. Their main focus is to maintain the assets under their management. Although they earn more if they grow your wealth, they receive compensation regardless of the investment outcomes. 3. Investing in the S&P 500 Can Yield Higher Returns Investing passively in the S&P 500 index ETF, SPY, often leads to higher returns than what you might achieve with the help of a financial advisor. The S&P 500 frequently outperforms the performance of portfolios managed by financial advisors. Why is this the case? The reason lies in the limited investment strategies available to financial advisors, as well as the fees they charge, which are a percentage of assets. Advisors must pass the Series 65 exam to become SEC-licensed, which is based on the Efficient Market Hypothesis – the idea that consistently outperforming the market is not possible. Promoting high-risk strategies, such as those suggested by Warren Buffett, could risk their license. As a result, they typically avoid such strategies. Moreover, to justify their fees, advisors must outperform the S&P 500 by an amount equal to their fee. Given their tendency to diversify portfolios, after their fees are deducted, your returns often fall short compared to an index ETF. 4. Exceptional Returns with Selective Long-Term Investments While the S&P 500 may offer better returns than hiring a financial advisor, some of the world's most successful investors propose an even more effective method. Unrestricted by SEC regulations and the risk of losing a license, you can select a few individual companies and purchase them at a discount during market fluctuations. Identifying top-tier companies and waiting for the optimal time to buy them is the most effective investment strategy. This strategy has created more millionaires and billionaires than any other. Mastering the Art of Investing Individual investors, free from fees and SEC regulations, have the potential to outperform the market, unlike financial advisors. Buffett has stated that if he were managing only $1 million, he could achieve a 50% return in today's market. As

4,000 Bristol companies in 'significant financial distress', report finds
Finance 2025-12-25 02:10:24

4,000 Bristol companies in 'significant financial distress', report finds

Thousands of Bristol companies are in "significant financial distress", new research has revealed. According to the latest figures from Begbies Traynor’s ‘Red Flag Alert’, which monitors the financial health of UK firms, more than 4,000 businesses in the city are in economic difficulty. Problems are being caused by uncertainty around the economy, inflationary pressures and debt burdens, along with persisting weakness in consumer confidence, the report found. The number of companies at risk of failure has increased by 1% compared to last quarter - and 16.5% over the year. There are 677 construction businesses in "significant distress", making it the most troubled sector in the city. There have also been increases in the number of retailers (48.7%) and bars and restaurants (42.9%) facing difficulties. Paul Wood, partner at Begbies Traynor in Bristol, said: "There is no hiding from the fact that 2024 has been hard to navigate for companies, and the final quarter looks no different, as a high degree of uncertainty weighs on the UK economy." He added: “While there are tentative signs of a recovery, uncertainty continues to loom over Bristol businesses. In response, many business leaders are holding their breath as they await clarity over what the forthcoming Budget will bring. “With wider geopolitical issues also having an impact, the only certainty is uncertainty, and we know this is bad for both business and investment alike. Combine this high level of uncertainty with the expectation of higher business costs post the Autumn Budget and it is clear that the economy is far from being out of the woods.”

Major Gloucester employer moves staff into £107m Forum development
Commercial Property 2025-12-29 11:06:37

Major Gloucester employer moves staff into £107m Forum development

A major Gloucester employer has moved 250 staff into the new £107m Forum development in the city centre. Technology firm Fasthosts Internet has taken 19,000 sq ft across four floors at No 2. Cathedral Walk, bringing all its employees under one roof. The Forum is part of wider plans to regenerate the centre of Gloucester and attract high-tech firms including cyber businesses to the city, officials have said. The mixed-use development is being brought forward by Gloucester City Council in partnership with developers Reef Group. It will provide premium office and retail space, restaurants, a Hotel Indigo (IHG Hotels) and a rooftop bar. The 398-space car park, operated by Q-Park, will include 39 spaces with electric vehicle charging points. Rupert Bedell, chief executive of Fasthosts, said: “Having our whole team under one roof is fantastic for the company. Our collaborative break-out spaces have already allowed for new ideas and new initiatives to be developed. "Since we’ve moved in, we’ve seen a complete change in how our employees feel, it’s the perfect space for them with plenty of natural light, different areas to work and spaces to relax too. “As one of the biggest employers, we’re looking forward to playing our part in the city’s regeneration and we are looking forward to working with Gloucester City Council, our MP, and other businesses in Gloucester.” Councillor Jeremy Hilton, leader of Gloucester City Council, said: “The Forum is becoming a hub for innovation, and with Fasthosts’ presence, the city is well-positioned to attract further investment and create a dynamic environment for future growth. Congratulations to Fasthosts in this exciting new chapter for Gloucester." Pete Langly-Smith, managing director at Reef Group, said "a number" of other potential tenants are in talks to move into the building. He added: "2025 is an exciting year for The Forum, with Hotel Indigo and its rooftop bar opening in the summer as the final phase of the scheme.”

How to Invest Like the World’s Top Investors and Build Lasting Wealth
Investment Focus 2025-12-20 15:06:36

How to Invest Like the World’s Top Investors and Build Lasting Wealth

In the realm of investment strategies available to today's investor, value investing stands out as a prevalent and time-tested approach. It serves as the cornerstone of the Rule One investment philosophy. Let's explore the essence of value investing and its distinction from Rule One. The Essence of Value Investing Value investing is an investment strategy that seeks to purchase companies with a low price-to-earnings ratio. Pioneered by Ben Graham, the mentor of Warren Buffett, this approach is detailed in his seminal work, ‘Security Analysis,’ first published in 1934 and still relevant today. Graham termed this approach ‘value’ investing because the goal is to acquire more value than the price paid. The core concept revolves around securing $10 worth of value for a $5 price tag. Graham believed that the optimal strategy was to invest in a diverse portfolio of undervalued companies, often around 200, to mitigate the risk of investing in a company that was cheap for a valid reason, such as impending bankruptcy. According to Graham, a stock was considered undervalued and worth investing in if it could be purchased for less than its liquidation value, which is determined by the company's net assets per share. While the foundational principles of this enduring method continue to hold true, they were particularly effective during the Great Depression and World War II, periods when Graham was active in investing. The Evolution of Value Investing By the time Warren Buffett entered the investment scene, the economic landscape had shifted, making it more challenging to find companies that were severely undervalued. What was the adaptation? To address this, Buffett refined the theory, focusing on identifying not only undervalued companies but also those that were exceptional businesses with a predictable future. This required a deep understanding of the business, which naturally limited the range of investments to what Buffett termed your ‘circle of competence.’ The Rule One strategy builds on this evolution, concentrating on exceptional businesses that possess specific qualities. The Rule One perspective on value investing posits that the most effective way to achieve substantial returns is to identify a few companies that are inherently excellent, led by capable individuals, and are priced significantly below their actual worth. A business that meets these criteria is considered a Rule One stock. Defining Rule One Stocks At its core, a Rule One stock is one that is priced below its intrinsic value. The challenge lies in determining what the intrinsic value is. Intrinsic value is a term frequently used in value investing, and for good reason—it is crucial. While value investors often make decisions based on the perceived low cost of a business, Rule One investors understand that it is preferable to invest in an exceptional business at a fair price rather than a mediocre business at a low price. This is why Rule One investors must have a profound understanding of the companies they invest in. We must know the business well enough to recognize its excellence. I will later teach you how to identify outstanding companies and assess their intrinsic value. The Value Investing Mindset There is a value investing mindset that is essential to grasp. Grasping this mindset is a vital step in mastering value investing. Although it may seem straightforward, purchasing $10 bills for $5 can be emotionally challenging, but these mindset tips will aid you in mastering it. Fear as an Ally Buffett stated that the key to outstanding investment outcomes is to buy when fear is present. Fear is what causes the market price of an excellent business to be significantly lower than its value. In fact, fear is the sole factor that makes the market price of a business incorrect. Without fear surrounding this business, industry, or economy, the business will not be on sale. An old-school value investor decides when to buy based on a perceived low price and adjusts for the fear surrounding the business by investing in many businesses to ensure that no single business can devastate their portfolio. However, for a Rule One investor, fear is an ally because they understand the business, comprehend the reasons for the fear, and are convinced that it is irrational in the long run. Fear constantly moves the market, and if it is unjustified, it can create excellent opportunities to purchase stock in outstanding companies at prices well below their value. Long-Term Focus Most

Strategically Deploying $10,000 in 2025 for Maximum Gains
Investment Focus 2025-12-29 05:30:50

Strategically Deploying $10,000 in 2025 for Maximum Gains

Starting with $10,000 for investment is an excellent foundation. Many wealthy investors, such as Warren Buffett, began with even smaller amounts. However, investing without a well-thought-out strategy in the stock market will not yield the highest possible returns. To transform your initial investment into significant long-term earnings, consider these top-tier investment strategies for your $10,000. 1. Maximize Your IRA Contributions IRAs provide significant benefits, including tax deferral on earnings, making them an attractive option for investors. Imagine contributing $5,000 to an IRA, which could grow to $40,000 by the time you retire. You are taxed only on the initial $5,000, not the final amount. This tax advantage is a considerable benefit. There is an annual contribution limit for IRAs. In 2017, it was $5,500 for individuals under 50 and $6,500 for those 50 and above. With $10,000 to invest, it is crucial to maximize your IRA contribution due to the unmatched flexibility and tax benefits it offers. 2. Enhance Your 401(k) Contributions If your employer offers a 401(k) match, it is wise to contribute up to the matching limit. Failing to do so is like leaving free money on the table, as your contributions effectively double in value. After reaching the match limit, consider other investment options for the remaining $10,000. 401(k)s limit your investment choices, requiring diversification across a limited selection of mutual funds. This broad diversification is more about betting on overall market growth rather than picking specific companies. While the market generally increases over time, higher returns are possible by carefully selecting companies based on their value and potential. 3. Expand into Individual Stocks After maximizing IRA and 401(k) contributions, consider investing in individual stocks. Adopting Rule #1 investing principles can help you identify high-quality companies, buy them at a discount, and potentially achieve annual returns of up to 15%. These returns are rare with broad market diversification but are possible with individual stocks. Patient, knowledgeable, and rational investment in individual stocks can significantly increase your wealth. 4. Invest in Personal Development The most valuable investment is in oneself. Equipping yourself with the necessary knowledge and resources to succeed as an investor will yield the highest returns. After investing in an IRA, 401(k), and a few individual stocks, use the remaining funds to learn everything you can about investing. Education is the key to consistently selecting excellent companies for investment. Are you ready to test your investment knowledge against seasoned investors? Take the Investing IQ Quiz! P.S. If you're seeking more information before investing $10k, here are some resources you might find helpful. Interested in the best ways to invest $500? Explore our top picks for small-scale investments. Want to learn from Warren Buffett? Check out his renowned investing quotes. Looking to double your money every 7 years with compound interest?

Manchester’s Gaia Learning secures £550k venture capital funding
Finance 2026-01-03 07:10:51

Manchester’s Gaia Learning secures £550k venture capital funding

A North West-based online learning provider for neuro-divergent children has announced its biggest venture capital funding round to date. Gaia Learning received the £550,000 investment from Nesta Impact Investments, which led the round, and GC Angels. As a global leader in neuro-divergent education, working with children across the UK, Manchester's Gaia offers live classes, content and courses for children aged eight to 16, who have been diagnosed with ADHD, autism and other learning challenges. The programmes deliver much-needed support that traditional schools cannot always provide. Gaia Learning has seen great success since 2019, going from being a small, specialist tuition business to an award-winning Cambridge Registered International School Online. The company was the first online learning provider to be awarded the ADHD Friendly School award from the ADHD Foundation in 2023. Kate Longworth, chief executive of Gaia Learning, said: “We’re so pleased to have our new investment partners on board and them acknowledging the potential in all we do at Gaia Learning to help school partners, learners and their families. We have tripled our learners this academic year, grown our team to 12 staff members and seen huge demand from children who are struggling in mainstream education. “Now, more than ever, schools need flexible, digital solutions that can scale within budget supporting each neuro-divergent child’s needs.” Nesta is an early-stage investor which focuses on businesses that support their mission of generating a ‘more sustainable future’. Founded in 1998, Nesta says it has recognised the education disadvantage gap that especially affects those with special educational needs. The executive director of Investments at Nesta, Lisa Barclay, said: “We are thrilled to invest in Gaia Learning, a company whose mission to support neuro-divergent children better engage in education is aligned with Nesta’s goal to narrow the education attainment gap.” Co-investors GC Angels are also an early-stage investor in the North West of England. Mark Shirman, GC Angels’ head of investments, said: "Gaia Learning is exactly what GC Angels is all about. The team’s purpose-led approach is helping children who would otherwise be left behind in education to thrive, and the growth they’ve so far achieved is commendable. "As the team continues to grow, and with enquiries on the up, we worked with Kate and the team to ensure Gaia Learning has the necessary investment and resources to drive further expansion and, ultimately, deliver incredible results for young people.” Nesta was advised by law firm DWF. James Bryce of DWF said: "Nesta’s commitment to social impact and innovation aligns closely with our commitment to responsible business, and Gaia Learning’s mission to support neuro-divergent children in a high-growth sector is incredibly exciting. We believe this partnership will create a meaningful impact.” The DWF corporate team also included partner Dhruv Chhatralia; director Sarah Briscall; associate Eilidh Durkin; partner Ann Frances Cooney; and solicitor Iona Hamilton. Ms Barclay added: “Students with an Education Health and Care Plan, who Gaia Learning typically supports, at a national level have outcomes at GCSE eight times worse than the average. One of Nesta's key areas of focus is to narrow the education attainment gap and Gaia Learning provides a compelling solution to tackle this.”

Mastering the Art of Mindful Financial Management
Investment Focus 2026-01-04 10:49:53

Mastering the Art of Mindful Financial Management

Often, financial difficulties arise not from insufficient income but from overspending. In my early investment career, I worked as a Grand Canyon river guide with an annual salary of just $4000. Yet, I was able to live comfortably for a decade, residing in my VW bus and occasionally on the floor of the Transcendental Meditation Center in Flagstaff during the coldest nights. While you might not want to emulate my extreme frugality, it's possible to live within your means and even save for investments by mastering a few simple strategies. 1. Mastering Expense Tracking To manage your finances effectively, it's essential to know where your money goes. Instead of the tedious task of budgeting and tracking every cent, consider a more intuitive approach that's as enjoyable as a summer's day. Collect several envelopes and a black marker. Label each envelope with a spending category, such as "fuel," "dining out," or "groceries." After receiving your paycheck, allocate a portion of cash to each envelope based on your projected expenses for that period. If you plan to spend $200 on fuel, place that amount in the "fuel" envelope. Continue this process until you've either run out of envelopes or cash. If you find empty envelopes before your cash runs out, rearrange the funds to cover your essentials. Spend only the cash from the designated envelopes, avoiding credit cards and other payment methods. If the "groceries" envelope is empty, it's time to get creative with your meals. By following this method for a few pay periods, you'll gain insight into your spending habits and identify areas where you can cut back. 2.抑制冲动消费 I must admit, I have a tendency for impulsive purchases. However, when funds are limited, such as in my early days, this habit is naturally subdued. To control your impulses, question the necessity of any purchase over $50. Consider its impact on your life and whether it's worth the cost. Apply this discipline especially to food purchases. You may find that not only do you spend less, but you also eat healthier, potentially even losing weight in the process. Ask yourself: How long will the item last? Will it put you in debt? Is the value it provides over time worth the expense? 3. Credit Card Usage: Pay in Full Each Month Credit cards are not inherently bad, but they often represent a trade-off between discipline and convenience, which is usually not a favorable exchange. As you work on financial discipline, keep those cards in your wallet and use cash for your transactions. If you must use a credit card, ensure you pay off the balance in full each month. This practice will help you track your spending without incurring interest charges, effectively making it similar to paying with cash. 4. Ditch the Need to Impress Let go of the desire to impress others; no one is truly concerned with your choices. People are more focused on their own image and what others think of them. Embrace individuality and avoid the common trap of spending to maintain a certain image. This often leads to unnecessary expenses on cars, clothing, and other superficial items. I've always been good at this; I didn't care about impressing others. My possessions were minimal, and I focused on buying what I truly enjoyed rather than what others might think. 5. Identify and Eliminate Budget-Draining Habits Living on a shoestring budget for over a decade taught me the importance of avoiding bad spending habits. If you have any, it's a sign that you likely have more money than necessary. Examine your habits for leaks in your

Weston-super-Mare's Tropicana lands £2.7m for transformation
Finance 2026-01-09 05:13:54

Weston-super-Mare's Tropicana lands £2.7m for transformation

A historic seafront venue in Weston-super-Mare has secured £2.7m from the government for a major transformation project. North Somerset Council will use the cash to complete the final phase of works on the Tropicana and turn it into a flagship cultural centre. A planning application for the project was submitted by the local authority's preferred contractor, Morgan Sindall Construction, earlier this month and the venue was partially closed. Work is due to be completed by March 2026, with the appointed venue operator then carrying out a fit out. Councillor Mike Solomon, North Somerset Council’s executive member for culture and leisure, said: “I’m delighted that our bid has been approved – well done to council officers for all their hard work in making this happen. This funding will enable us to work with a venue operator to further secure the longterm viability of the site as a culture and entertainment venue." The funding was allocated by the Department for Digital, Culture, Media and Sport through its Cultural Development Fund and delivered by Arts Council England. The cash is part of a UK government pot totalling £16.2m. The money will be used to improve and fit out the Tropicana's interior spaces for culture and entertainment; install equipment such as for lighting and sound; and deliver a cultural programme in a partnership with the council, the venue operator and local cultural organisations boomsatsuma and Super Culture. “The much-loved Tropicana is a key destination at the heart of Weston’s seafront," said Mr Solomon. "Reinventing this iconic landmark building will create new jobs, support local businesses and deliver a year-round experience-led economy for the future. We want to attract higher profile acts, culture and entertainment events to elevate Weston’s place within the regional, national and international scene." Phil Gibby, South West area director, Arts Council England, said: "This is a landmark moment for cultural development in North Somerset, a designated Arts Council England Priority Place. The redevelopment of the Tropicana will benefit both residents and visitors through a dynamic, year-round cultural programme." Culture secretary Lisa Nandy added: "From film and fashion to music and advertising, our creative industries are truly world-class and play a critical role in helping us deliver on this Government’s mission to drive economic growth in all parts of the UK."

GB Bank receives £20m capital boost and announces a new chair
Finance 2026-01-07 14:42:05

GB Bank receives £20m capital boost and announces a new chair

Property finance institution GB Bank has secured a £20m capital boost and has announced a number of board level changes. The bank, which specialises in lending to SME property developers and investors and was originally launched in Newcastle where it maintains a satellite office, has received an extra £16m from Hera Holdings Ltd and an additional £4m from the Teesside Pension Fund. Hera Holdings Ltd and Teesside Pension Fund are existing investors in GB Bank, having invested £30m and £6m respectively in 2024 to date. The bank – which announced in summer moving its head office from Middlesbrough to its base in Mayfair, London – also revealed that chair Mark Sismey-Durrant is stepping down to be replaced by Huw Morgan, currently the chair of Oxbury Bank plc and Premier Forest Ltd, with more than 25 years’ experience in the UK banking sector. Other board changes include Andrea Hodgson who joins as independent non-executive director and chair of audit committee, and Ashraf Piranie, who joins as non-executive director and chair of risk committee. Alex Cameron also joins as non-executive director and Hera Holding Limited Investor representative, while Pankaj Thukral is stepping down from the board to focus on building GB Bank’s lending proposition. Mike Says, GB Bank chief executive officer, said: “We are absolutely delighted to have received this additional investment from Hera Holdings Ltd and the Teesside Pension Fund. It is a fantastic vote of confidence in our growth strategy and in the progress which we have already made as we look to become the go-to lender for property investments in the UK. “We are making substantial in-roads into a number of different sectors, particularly in the buy-to-let market and in London and the South East, as borrowers and brokers appreciate our fast, efficient and flexible approach to lending. This investment will further enhance our ability to hit our ambitious lending target in 2025, so we are very grateful to Hera Holdings Ltd and Teesside Pension Fund for their continued support.

Strategic Investment of $10,000 in 2025 for Optimal Profits
Investment Focus 2025-12-31 22:38:25

Strategic Investment of $10,000 in 2025 for Optimal Profits

Possessing $10,000 to invest marks a promising start. Numerous affluent investors, including Warren Buffett, began with even less. However, blindly investing in the stock market without a strategic approach will not maximize your returns. To convert your initial capital into substantial long-term profits, consider these premier investment strategies for your $10,000. 1. Fully Capitalize an IRA IRAs offer considerable advantages, such as tax deferral on earnings, which makes them appealing to investors. Visualize investing $5,000 in an IRA, which could膨胀 to $40,000 by retirement. You are taxed only on the initial $5,000, not the final sum. This tax benefit is a substantial advantage. There is an annual contribution cap for IRAs. In 2017, it was $5,500 for individuals under 50 and $6,500 for those 50 and above. With $10,000 to invest, maximizing your IRA contribution should be your top priority due to the unparalleled flexibility and tax advantages it provides. 2. Optimize Your 401(k) Contributions If your employer offers a 401(k) match, it's prudent to contribute up to the matching limit. Not doing so equates to leaving free money on the table, as your contributions effectively double. After reaching the match limit, consider other investment avenues for the remaining $10,000. 401(k)s restrict your investment options, necessitating diversification across a limited range of mutual funds. This broad diversification is more about betting on overall market growth rather than selecting specific companies. While the market generally increases over time, higher returns are possible by meticulously selecting companies based on their value and potential. 3. Diversify into Individual Stocks After maximizing IRA and 401(k) contributions, consider investing in individual stocks. Employing Rule #1 investing principles can assist you in identifying high-quality companies, purchasing them at a discount, and potentially achieving annual returns of up to 15%. These returns are uncommon with broad market diversification but are feasible with individual stocks. Patient, knowledgeable, and rational investment in individual stocks can significantly amplify your wealth. 4. Invest in Personal Growth The most valuable investment is in oneself. Equipping yourself with the necessary knowledge and resources to succeed as an investor will yield the highest returns. After investing in an IRA, 401(k), and a few individual stocks, use the remaining funds to learn everything you can about investing. Education is the key to consistently selecting excellent companies for investment. Are you eager to test your investment knowledge against seasoned investors? Take the Investing IQ Quiz! P.S. If you're seeking more information before investing $10k, here are some resources you might find beneficial. Interested in the best ways to invest $500? Explore our top picks for small-scale investments. Want to learn from Warren Buffett? Check out his renowned investing quotes. Looking to double your money every 7 years with compound interest?

Record resi projects in Birmingham but new construction starts to fall
Commercial Property 2025-12-12 04:28:12

Record resi projects in Birmingham but new construction starts to fall

Residential accommodation continues to be the driving force behind Birmingham's property development market. The annual Crane Survey, published today, says the sector dominates the work taking place across the city centre despite a year-on-year fall in the number of construction projects starting on site. The 23rd Birmingham Crane Survey, which is published by financial services firm Deloitte, monitors construction activity across a range of sectors including office, residential, hotels and retail. Similar surveys are also published annually for Belfast, Leeds and Manchester and to qualify for inclusion projects must meet minimum size thresholds such as at least 25,000 sq ft for offices and more than 25 units for residential. The research said the number of new projects breaking ground in Birmingham dropped from 20 in 2023 to 11 last year, comprising six residential schemes, two each for offices and student flats and one infrastructure. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. The dominance of residential was mirrored in completed projects during 2024, with a record 3,180 homes across 17 schemes coming to the market - a huge rise on the 1,908 the year before. This included 504 build-to-rent units across 19 storeys at The Bath House, in Bromsgrove Street, and The Square, in Broad Street, which contains 440 units over 36 storeys, also for rent only. In the office sector, 310,424 sq ft of floorspace was finished during 2024 and a further 814,574 sq ft of office space is currently under development. Among those office projects to start last year were a revamp and extension of 35 Newhall Street and the regeneration of Typhoo Wharf in Digbeth to become The Tea Factory which will provide a new home for the BBC. In student housing, just 208 bed spaces were completed last year however this is dwarfed by the 2,242 currently under construction which is the highest amount recorded in the history of the Birmingham Crane Survey. Infrastructure was added as a new sector for the research in 2024 as work started on HS2's Curzon Street station. There were no hotel projects started, under construction nor completed in Birmingham during last year. Overall, the number of completed projects was 24 and there are 36 schemes currently under construction, a drop from 44 in 2023. Zoe Davidson, a partner in infrastructure and real estate at Deloitte Midlands, said: "Across all the crane surveys this year, it is evident there has been a slowdown in developer activity but Birmingham continues to set new records despite a challenging economy. "Rising inflation, labour and construction costs and global economic conditions have all impacted developer activity with many schemes with planning permission yet to break ground. "The retail, healthcare, education and hotel sectors reflect a slowing of activity, with no new schemes starting on site but the planning pipeline is strong across all sectors." Looking further ahead, Birmingham has a healthy pipeline of projects tabled for work to start, according to Deloitte's report. These include around six million sq ft of offices, two million sq ft of education and innovation floorspace, 2,500 hotel rooms and 11,700 student bedrooms. Among some of the headline projects are Birmingham City's masterplan for the former Wheels go karting track in Bordesley Green and the long-running work at Edgbaston cricket stadium which includes a new stand and hotel. For the first time since the inaugural Birmingham Crane Survey in 2002, the geographical definition of the city centre has been expanded to mirror that in the council's 'Our Future City Plan'. This is defined as fives keys areas - heart (Colmore district and city core), North (Eastside, Aston Triangle, Gun Quarter), east (Bordesley, Digbeth, Small Heath), south (Balsall Heath, Edgbaston, Highgate) and west (Hockley, Jewellery Quarter, Ladywood). Ms Davidson added: "The decision to expand the boundary of this year's survey is indicative of Birmingham's ambitious plans and mirrors the city's ambition for future growth. "Residential remains strong but, looking forward, the pipeline across all sectors is positive. "Although funding construction is becoming increasingly difficult, HS2 and the start of Curzon Street station is driving developer and investor confidence in the region.

Embarking on a Path to Wealth: Decoding the Strategies of the Prosperous 1505
Investment Focus 2025-12-18 12:01:04

Embarking on a Path to Wealth: Decoding the Strategies of the Prosperous 1505

Amidst the myriad of investment approaches available today, value investing emerges as a prominent and enduring strategy, forming the cornerstone of the Rule One investment ethos. In this comprehensive exploration, we delve into the core tenets of value investing and how it differentiates from Rule One. The Core of Value Investing Value investing is a strategy aimed at acquiring businesses with a lower price-to-earnings ratio. Originated by Ben Graham, who mentored Warren Buffett, this method is extensively detailed in his influential book, ‘Security Analysis,’ initially published in 1934 and still pertinent today. Graham labeled this strategy ‘value’ investing because the objective is to secure more value than the investment made. The fundamental idea is to achieve a $10 worth of value for a $5 investment. Graham advised investing in a diversified portfolio of undervalued companies, often around 200, to reduce the risks associated with investing in companies that are inexpensive for legitimate reasons, such as the potential for bankruptcy. For Graham, a stock was considered undervalued and investment-worthy if it could be bought for less than its liquidation value, calculated from the company's net assets per share. While the foundational principles of this timeless technique remain valid, they were particularly effective during the Great Depression and World War II, when Graham was actively engaged in investing. The Transformation of Value Investing As Warren Buffett entered the investment arena, the economic landscape had shifted, making it more difficult to find companies that were significantly undervalued. What was the adaptation? To tackle this, Buffett refined the theory, focusing on identifying not only undervalued companies but also those that were outstanding businesses with a predictable future. This necessitated a profound understanding of the business, which naturally limited the scope of investments to what Buffett referred to as your ‘circle of competence.’ The Rule One strategy builds upon this evolution, concentrating on exceptional businesses that exhibit specific traits. The Rule One perspective on value investing posits that the most effective way to achieve substantial returns is to identify a few companies that are inherently excellent, led by capable individuals, and are priced significantly below their actual worth. A business that meets these criteria is deemed a Rule One stock. Identifying Rule One Stocks Fundamentally, a Rule One stock is one that is priced below its intrinsic value. The challenge lies in determining what the intrinsic value is. Intrinsic value is a term frequently used in value investing, and for good reason—it is crucial. While value investors often base decisions on the perceived low cost of a business, Rule One investors understand that it is preferable to invest in an exceptional business at a fair price rather than a mediocre business at a low price. This is why Rule One investors must have a comprehensive understanding of the companies they invest in. We must know the business well enough to recognize its excellence. I will later teach you how to identify outstanding companies and assess their intrinsic value. The Value Investing Mindset There is a value investing mindset that is essential to understand. Grasping this mindset is a vital step in mastering value investing. Although it may seem straightforward, purchasing $10 bills for $5 can be emotionally challenging, but these mindset tips will aid you in mastering it. Fear as an Ally Buffett stated that the key to outstanding investment outcomes is to buy when fear is present. Fear is what causes the market price of an excellent business to be significantly lower than its value. In fact, fear is the sole factor that makes the market price of a business incorrect. Without fear surrounding this business, industry, or economy, the business

Fairstone revenues top £125m despite 'challenging' financial market
Finance 2025-12-16 03:39:08

Fairstone revenues top £125m despite 'challenging' financial market

Financial advisory group Fairstone has reported significant growth that has seen revenues top £125m. The Sunderland-based firm has published its annual report for 2023 in which its consolidated income rose from £95.9m a year earlier to £126.8m. Gross profit also increased to stand at £50.5m while adjusted Ebitda came in at £15.9m. The company - which has grown over recent years by acquiring a number of smaller financial advisory firms around the UK - said its success came despite a challenging market. Fairstone said it had more than £17bn in Funds Under Management and had achieved strong growth across areas including client numbers, recurring income, gross margin and profit. CEO Lee Hartley said: “2023 was a year defined by evolving market conditions and a strategic shift in our plans. “The financial landscape remained challenging, with inflation, rising interest rates and geopolitical instability impacting global economies. Despite these headwinds, I am proud to say that our business was robust enough to not only weather the storm, but to thrive. “The year saw client numbers reach 109,000 across our mortgage and wealth services, with funds under management exceeding £16bn for the first time and mortgage lending reaching £1.9bn. This was accompanied by a 32% growth in revenue run rate, which was underpinned by an impressive 94% in repeat income - a testament to the long-lasting relationships we have with our clients. “Over the course of 2023, we continued to harness the best talent in our industry, growing our number of advisers to 530 and welcoming 181 new hires into the business. Further investment in professional development saw our graduate programme double in scale and the number of colleagues on the chartered pathway reach 80. This growth stands us in good stead for the implementation of the next phase of our strategy.” In its report, Fairstone said it be focussed on strengthening its core operations to enhance advisory services and investing in technology to improve both operational efficiency and client experience. It was also planning to expand its Mineral service, a remote advisory platform designed for clients with less complex financial needs. The company also said that it was developing its “hub” strategy, which aims to create operational centres within an hour’s reach of 95% of the population in the areas it serves. Over the past 18 months, Fairstone has launched new hubs in Farnborough, the North West and the North East.

Unveil Your Own 'Chipotle' Moment: Navigating the Realm of Value Investing with Prudent Caution
Investment Focus 2026-01-01 16:11:36

Unveil Your Own 'Chipotle' Moment: Navigating the Realm of Value Investing with Prudent Caution

The Power of Patience in Value Investing The concept of "margin of safety" is a cornerstone of value investing, championed by titans of finance like Warren Buffett and Benjamin Graham. This strategy involves purchasing assets at prices significantly below their intrinsic value, creating a buffer against potential market volatility. To illustrate this principle, let's take a look at the case of Chipotle Mexican Grill. A Case Study in Margin of Safety In 2025, Chipotle faced a significant setback due to an E. coli outbreak, leading to a drastic drop in its stock price from a high of $760 per share to a low of $250. While this event seemed disastrous, it actually presented a unique opportunity for astute value investors. Evaluating Core Competencies: Despite the crisis, Chipotle's strong brand and solid business model remained intact. Recognizing Price Devaluation: The plummeting stock prices indicated a significant discount from the company's true value. Capitalizing on the Moment: Investors who understood the temporary nature of the crisis and believed in Chipotle's long-term potential were able to buy shares at a substantial discount. The Essential Role of Patience Finding companies that are undervalued is an ideal situation, but it's not always easy. Often, great companies are not on sale. This is where patience becomes crucial for value investors. As Charlie Munger once said, "Make money while we wait." Maintaining a Watchlist: Instead of chasing fleeting opportunities, value investors often keep a list of respected companies they monitor. Cultivating Patience: They patiently observe these companies, waiting for market mispricings due to temporary issues, negative news, or overreactions. Reaping the Rewards: When the market presents an opportunity—a significant discount to intrinsic value—they are poised to take advantage, capitalizing on the mispricing. Warren Buffett's 'Laziness' Philosophy Warren Buffett has stressed the virtue of patience in investing, often describing his approach as "laziness bordering on sloth." Focusing on Long-Term Value: Buffett and Munger prioritize identifying companies with enduring competitive advantages and promising futures. Minimizing Trading Activity: They avoid frequent trading and unnecessary actions, opting to hold onto quality companies for the long term. Embracing Patience: They understand that significant investment success often comes from waiting for the right opportunities rather than chasing quick gains. Conclusion The Chipotle example demonstrates the efficacy of the margin of safety principle and the importance of patience in value investing. By recognizing and waiting for undervalued opportunities, investors can significantly enhance their chances for long-term success. Remember, true investment wisdom often lies in realizing that the most substantial returns often come from inaction—or, more precisely, from patiently waiting for the right moment to act.

Hadrian Healthcare reveals plans for £15m luxury care home in Northumberland
Commercial Property 2025-12-19 15:53:55

Hadrian Healthcare reveals plans for £15m luxury care home in Northumberland

A Tyneside luxury care home operator has announced plans to create a £15m property in Northumberland. Gateshead-based Hadrian Healthcare has been designing and developing care homes for "the discerning elderly resident" for around 20 years, with its properties attracting industry attention for offering services and features usually found in five-star hotels. Four years ago the business struck a record-breaking deal after striking a deal to sell two homes, in Leeds and Skipton, for £50m before they were even built -a transaction which followed a £100m-plus deal for five homes. As well as offering high quality care level, the company's homes come with features including hair and beauty salons, in-house chefs and chauffeurs, bistro cafes, restaurants, hydrotherapy pools and cinemas. Now the business - which currently owns and operates Manor House care homes in Gosforth and Whickham - is expanding into Northumberland, after making a significant land investment. The firm has revealed proposals to build a care home in Hexham, with features including private dining, a garden cafe bar and client concierge services. The next stage in its plans will see it draw up designs for the home ahead of submitting a planning application soon. Hadrian Healthcare’s founder and chairman, Ian Watson said: “We are currently progressing our development plans with a view to submitting a comprehensive planning application within the next three months. The site on Allendale Road, Hexham, is perfect for our proposal to create a new residential ‘Manor House’ providing a unique level of luxury accommodation and care for the elderly population of Hexham and the surrounding areas. “We have for some time been acutely aware of the lack of such high-quality accommodation and care in and around Hexham and we are extremely excited that we have secured what we consider to be the ideal site for such a development. The plan is to design our building along the lines of a traditional country Manor House within stunning landscaped gardens, which will be particularly appealing to discerning elderly clients. In addition to large individual client suites, with private bathroom and shower facilities, amenities will include a garden café/bar, private dining, and client concierge services. “We hope to secure full planning permission for our development to enable us to commence construction works before the end of this year. Our proposals, which will entail a capital investment of around £15m, underlines our commitment to remaining one of the UK’s premier providers of luxury elderly accommodation and care.” The deal comes after Mr Watson set a new benchmark in care home transactions in July 2019, when he sold five homes across County Durham and Yorkshire for more than £100m to a fund managed by insurance giant Aviva.

Government to continue funding South West powerhouse - despite plans to scrap similar initiatives elsewhere
Finance 2026-01-09 14:12:32

Government to continue funding South West powerhouse - despite plans to scrap similar initiatives elsewhere

The Government has agreed to continue funding a partnership aimed at making the West of England a powerhouse, despite looking to scrap similar initiatives elsewhere. The Great South West provides a unified voice for Cornwall, Devon, Dorset and Somerset in Westminster. It also plays a pivotal role in securing investment and driving business growth across the region - and the wider UK economy. Those involved in the initiative have hailed the announcement, which followed an extensive national consultation on pan-regional partnerships across England. The consultation saw the Government receive more submissions from the South West than any other English region, with leaders from industry, education, academia and local government highlighting its importance to the UK. It was feared funding for the Great South West could be axed following chancellor Rachel Reeves' Budget last November. Karl Tucker, chair of the Great South West Partnership, said: "This announcement is a clear endorsement of the South West’s vital role in delivering national priorities – from energy security and net zero, to defence and advanced manufacturing. "Thanks to the powerful coalition we have built across business, education, and local government, the Government has recognised the unique case for our region and the continued importance of the Great South West." The Great South West will now work with ministers and officials to determine the next steps, it said. In February, deputy prime minister Angela Rayner confirmed no new mayoral structures would be established in the South West under the first wave of new devolution plans, with no arrangements in the region likely to be in place for some considerable time. "This announcement reinforces the urgent need for the Great South West to continue to work together, to present a unified voice into Government and on the national stage," a spokesperson for the partnership said. Councillor Millie Earl, vice chair of the Great South West and leader of BCP Council, has now called for "long-term certainty" to help with future planning. "We cannot afford to lose the momentum we’ve built," she said. Clive Higgins, chief executive and chair of Leonardo UK and Great South West board member, said it was "critical" the region’s leaders worked together to showcase the South West on the national stage. "We must continue to champion the South West as a global leader in defence, advanced engineering, manufacturing, clean energy, aerospace and so much more," he added. The Great South West Partnership will now work with partners across business, education, and Government to determine how the region continues to have a "unified and clear voice" in Westminster. While these discussions progress, a full programme of activity will continue to be delivered, it said. The partnership will be hosting the fourth in its series of events at Westminster on March 18, showcasing the region’s strategic inward investment opportunities to investors, ministers and international trade missions.

Green light for new hotel at Edgbaston stadium
Commercial Property 2025-12-13 16:26:25

Green light for new hotel at Edgbaston stadium

Edgbaston cricket stadium has been handed the green light for the next phase of its redevelopment. Birmingham City Council's planning committee today approved the £42 million scheme which will include a new hotel and be completed in time for the men's Ashes test against Australia in 2027. The 146-bedroom Radisson Red hotel will include a rooftop terrace, pitch-view rooms with balconies and other rooms that can be converted into hospitality boxes with external terraces to watch the match action. It is estimated that around 60,000 people will stay at the site each year. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. A stand will also be redeveloped to give it a higher capacity than the existing Raglan and Priory stands and it will have a new concourse with enhanced food and drink options and improved facilities for disabled spectators. Strategy director Craig Flindall said: "We're grateful to Birmingham City Council for approving the plans and for sharing our vision to bring increased economic and social benefits to the region through international sport. "Cricket will always stay at the heart of our thinking but it's important we develop a stadium that operates all year round, supporting new jobs in this part of the city and creating wider community opportunities. "We are creating a mixed-use destination that will combine elite sport, conferencing and events and residential and hotel accommodation with community facilities that will improve education, employment and social cohesion in the area." It is estimated that Edgbaston stadium currently contributes approximately £35 million to the local economy every year and projections for the new hotel development suggest that could increase to more than £40 million. It's expected the project will create more than 376 jobs during the construction period and another 100 post-completion, adding to the 1,000 jobs the stadium already supports locally. West Midlands Combined Authority has supported the project with a loan of up to £18 million. Mayor Richard Parker said: "Edgbaston is a world-class venue and this redevelopment, backed by our investment, will ensure it continues to attract top-tier international cricket, thousands of visitors every year, and even more jobs for local people. "Our region is home to a number of globally celebrated sports teams and venues. "By supporting them to grow, we shore up our place on the international stage, bringing visitors, investment and jobs now and into the future. It's what I want to see for the West Midlands - growth that ensures everyone can benefit." Adela Cristea, UK vice-president of business development with Radisson Hotel Group, added: "Radisson Red is the perfect fit for this world-renowned stadium and we're so excited to bring this project to life. "We look forward to working closely with the Edgbaston team on the design and details of the hotel." Previous phases of the work at the stadium include a new stand, media suite, a new apartment complex and the launch of a hospitality centre of excellence offering apprenticeships, career development and skills training.

Go-ahead for new public square in the centre of Cardiff
Commercial Property 2026-01-06 12:46:43

Go-ahead for new public square in the centre of Cardiff

The site of the former Debenhams store in Cardiff city centre will be home to a new public square. Cardiff Council has approved plans for the square, which will include a splash pad and space for outdoor performances, markets, local street food vendors and other events. Demolition of the former Debenhams store, which was a cornerstone of Cardiff city centre's shopping area for decades, is currently under way. However, the St David's shopping centre scheme proposes to retain a part of the former store for leisure use. The project, which involves £17m of investment from Landsec, will also see two new cafe and restaurant buildings constructed on site. The new square will also be landscaped with trees and a mix of native plants. St David's Cardiff said the new public square was expected to be open by 2026. The former Debenhams store in Cardiff city centre, built in 1981, formed a part of Cardiff's shopping scene for 39 years before the department store chain went into administration. It remained empty for several years before Land Securities Group, also known as Landsec, submitted plans to demolish part of the site and replace it with a public square in August, 2024. Centre director of St David's Cardiff, Helen Morgan, said: "Receiving approval is a huge milestone in this landmark development, and we're delighted that Cardiff City Council and the community have recognised the positive impact that this space will have on the city. "A new city square will be revolutionary for this part of Cardiff, giving locals and visitors even more reason to spend time at St David's and in the city centre." A number of other additions are expected at St David's shopping centre this year.

Market Capitalization Explained: Why It Matters More Than You Think
Investment Focus 2026-01-08 08:19:01

Market Capitalization Explained: Why It Matters More Than You Think

Market capitalization, often simply called "market cap," is a term frequently mentioned in the investing world. Despite its perceived complexity, it plays a crucial role in evaluating publicly traded companies. Though it's a straightforward metric, it's not the sole basis for investment decisions. This article will explain what market capitalization is, its significance, how to calculate it, and how to incorporate it into your investment strategy. We'll also discuss the different market cap categories such as large-cap, mid-cap, and small-cap companies. Definition of Market Capitalization Essentially, market capitalization is the stock market's valuation of a company's worth. It represents the total value of a company's outstanding shares, calculated by multiplying the number of shares by their current market price. The higher the number of shares and their price, the larger the company's market cap. Put differently, it's the hypothetical cost to acquire the entire company in a single transaction. Market Capitalization is NOT the Same as Intrinsic Value While some may equate market cap with a company's true worth, this is a misconception. Even some academicians have fallen into this trap by assuming market prices reflect business value. However, as Warren Buffett has stated, this assumption is far from accurate. A company's market cap is based on its share price, which, as we know, does not always correspond to its intrinsic value. Consider the volatile stock prices of meme stocks like GameStop and Dogecoin, which have more to do with social media hype than the companies' underlying value. It's essential to recognize that a stock's price does not necessarily mirror a company's value, making market cap only a part of the investment story. Importance of Market Capitalization If market cap is merely a price indicator, why is it significant? A company's market cap indicates its size, assisting investors in gauging the company's scale and growth potential. Market caps vary widely, but investors typically categorize them into small-cap, mid-cap, and large-cap companies. While these categories can aid individual investors, they are more commonly used by funds to diversify their clients' portfolios with a mix of smaller and larger companies. Large-Cap Stocks Companies with a market cap exceeding $10 billion are classified as large-cap. Large-cap companies are generally stable, with a strong track record and significant market share, though not without risk. The downside of large-cap stocks is their slower growth due to their dominant market position. An example of a large-cap company is Walmart, with a market cap of around $370 billion. Mid-Cap Stocks Mid-cap companies have a market cap ranging from $2 billion to $10 billion. They may cater to niche markets or face competition that prevents them from becoming large-cap companies. Alternatively, they could be newer companies in a high-growth phase. Examples include Robinhood, Hyatt Hotels, and Docusign. Small-Cap Stocks Small-cap companies have a market cap between $300 million and $2 billion. Companies below $300 million are considered micro-cap. Unlike large-cap companies, small-caps carry higher risk but also offer aggressive growth potential with significant returns. Small-cap stocks include Coursera, SmileDirectClub, and Health Catalyst. How To Calculate Market Capitalization Calculating market capitalization is a basic multiplication exercise that can quickly determine the market caps of potential investments. Market Cap Equation Market capitalization is calculated by multiplying the number of a company's shares by the current price per share. The formula is: (Per share price of a company) x (Total number of outstanding shares) = Market Capitalization For instance, a company with 10 million shares trading at $50 per share has a market cap of $500 million. You can also use a market capitalization calculator for convenience. Just input the number of outstanding shares and the price per share, and it will calculate the market cap. Market Cap vs. Market Value While market cap and market value are sometimes used interchangeably, they are distinct. To assess a company's true value, various metrics are considered beyond just stock price and outstanding

Tyneside pharma firm Shield Therapeutics seeks to raise $10m through subscription by largest investor
Finance 2026-01-07 05:29:46

Tyneside pharma firm Shield Therapeutics seeks to raise $10m through subscription by largest investor

Pharma company Shield Therapeutics has announced a subscription by its largest investor to raise $10m. The company’s main product, which treats iron deficiency anaemia, was first launched in Europe under the Ferracru brand in 2019 but is now available in the US and other countries as Accrufer. The Newcastle company has signed an agreement with AOP Health International Management AG, in which the major shareholder has conditionally agreed to subscribe for 256,410,256 new ordinary shares. The agreement is part of a broader funding move, which sees the firm launch a conditional offer for its existing retail shareholders to purchase new ordinary shares, aiming to raise up to £1m. AOP’s subscription is subject to shareholder approval at a general meeting scheduled for December 24, where a waiver of obligations under the Takeover Code will be considered, because its large increase in shares would take it past the threshold to trigger a formal company takeover. The Austrian company, however, has said that is not part of its plans. The announcement says: “AOP has stated to the company that it is not prepared to proceed with an equity investment in the company unless it obtains a controlling interest (i.e. greater than 50% of the Enlarged Share Capital) as a result. Such a subscription is conditional upon the approval of the resolutions by the shareholders at the General Meeting (including the Waiver Resolution) and the Subscription Admission. “If such approvals are not provided, AOP will not be required to proceed with an equity investment in the company, resulting in the company not receiving the aggregate gross proceeds of at least $10m, which would otherwise have helped the company achieve its aim of becoming cash flow positive by the end of the calendar year of 2025. “In the event that the maximum number of Retail Book Offer Shares are issued, following the completion of the Subscription, AOP will hold 568,007,521 Ordinary Shares, representing 53%. The proposed Subscription gives rise to certain considerations under the Takeover Code. AOP has confirmed that it is not prepared to make a mandatory offer for the company.”

'Serious about business': Leader says construction company's move to Oldham is 'massive boost' that will create jobs
Commercial Property 2025-12-10 09:22:47

'Serious about business': Leader says construction company's move to Oldham is 'massive boost' that will create jobs

Mansell Building Solutions is set to deliver a 'massive boost and jobs and opportunities' to Oldham with its relocation to Broadway Business Park in Chadderton. The construction giant has signed a 10-year lease for a warehouse within the business complex, which was developed with Oldham Council. Mansell's move comes after it outgrew its previous base in Horwich, Bolton. Oldham Council leader Arooj Shah views the arrival of the firm as a chance to show the borough is 'serious about business', expressing optimism that it will create employment for locals. Councillor Shah said: "This news is a massive boost for the local economy and we're thrilled Mansell Building Solutions is coming to the borough. Mansell Building Solutions is a real success story and a growing firm. This is amazing for Oldham because a thriving company means jobs and opportunities for Oldham people. "Firms like Mansell Building Solutions are increasingly seeing the borough as a place to invest and as somewhere that is serious and proactive about business. We looking forward to working closely with them in the coming years." The council leader also commended the company for its 'women-led' status, drawing a parallel between its pioneering nature and that of Annie Kenney, the celebrated suffragette hailing from Oldham , reports the Manchester Evening News. Angela Mansell, a managing director, said: "We feel a certain synergy with Oldham as it's a forward-thinking borough under female leadership. We're only too pleased to make it our new home." The firm is currently working on projects across various Greater Manchester locations, including Trafford, Wigan, Salford, Stockport, and Manchester. The new facility will boast dedicated spaces for employee training and development, including apprenticeships.

Newcastle hotel group sells luxury Cheshire hotel in multimillion-pound deal
Commercial Property 2025-12-20 17:20:12

Newcastle hotel group sells luxury Cheshire hotel in multimillion-pound deal

A Newcastle hospitality group is seeking new opportunities for growth after selling one of its venues to new owners in a multimillion-pound deal. Mere Court Hotel in Knutsford, Cheshire, has been sold to an unnamed North West hotelier for an undisclosed amount by Newcastle based Ailantus. The four-star country house hotel is set across seven acres of grounds, with 34 rooms and an AA Rosette restaurant. The deal to sell the luxury venue was overseen by Newcastle-based Mincoffs Solicitors. The law firm has been advising Gosforth-based Ailantus group for more than 25 years, with the firm's other venues including the George Washington Hotel in Washington, the Holiday Inn at Gosforth Park and the Quality Hotel in Boldon, South Tyneside, as well as other hotels across the North of England. Mincoffs’ corporate partner John Nicholson worked with Ailantus director, Neel Chawla, to deliver the transaction. Mr Chawla said: “The corporate team, spearheaded by John Nicholson, have once again transacted diligently and efficiently in our group’s first hotel asset disposal. We look forward to working with Mincoffs on future transactions.” John Nicholson said: “Ailantus are a longstanding client of the firm and Mincoffs has advised Neel and the team on their portfolio for a number of years. It was our pleasure to act on the sale of this venue, as part of the group’s ongoing restructure.

Bristol tech firm 3radical collapses as parent company suspends shares on AIM
Finance 2026-01-08 06:32:37

Bristol tech firm 3radical collapses as parent company suspends shares on AIM

A Bristol data and technology company has fallen into administration months after being acquired for £1.28m in a reverse takeover deal. South West-based 3radical - the main subsidiary of digital marketing firm Electric Guitar Plc - has instructed Paul Ellison and Christopher Errington of KRE Corporate Recovery to market its business and assets for sale. It is understood that KRE will be appointed administrators with a view to completing a pre-packaged sale of 3radical. The decision was made with the agreement of Electric Guitar's board after the firm struggled to raise equity funding. The news comes just two days after Electric Guitar suspended its trading of shares on AIM as it seeks to clarify its financial position. Electric Guitar has been working on a so-called buy and build strategy since acquiring 3radical seven months ago. It completed the all-share acquisition of data business Mymyne in August, which it said resulted in "significant synergies and cost-savings" for 3radical. But the company's share price has continued to decline since the reverse take over despite Electric Guitar investing £250,000 in sales and marketing. Electric Guitar said in a statement: "It has taken longer than expected to benefit from the fruits of such activity although this is now starting to show. Therefore, the Board has been actively seeking additional capital beyond its existing resources to be able to proceed with its buy and build mission, beyond just bringing the 3radical business to profit. "However, the company's declining share price has not only inhibited its ability to pursue its buy and build mission, but has also made an equity fundraising difficult at this time." Electric Guitar had been courting prospective investors in Singapore, where it has a presence, and had secured "in principle" substantial new funds, it said. But it is understood the investors pulled out "unexpectedly" claiming the market was "insufficiently liquid".

New JV formed to lead Birmingham resi scheme
Commercial Property 2026-01-07 02:45:33

New JV formed to lead Birmingham resi scheme

A new £60 million joint venture has been formed to develop more than 200 apartments in Birmingham. Manchester-based developer Cole Waterhouse has teamed up with the UK arm of US firm Taurus Investment, investor Housing Growth Partnership and real estate lender BGO for the scheme in Digbeth. The project represents the first phase of Cole Waterhouse's Upper Trinity Street scheme and will comprise 211 units to rent across three buildings. Caddick has been appointed as main contractor and work is expected to complete in spring 2027. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. The overall £260 million project, whose masterplan was approved in 2021, has been designed by architecture practice Corstorphine & Wright. It will have around 940 new homes, a 133-bedroom hotel, 60,000 sq ft of commercial space and a skypark set across the 5.2-acre site. The development will also relocate the Pat Benson Boxing Academy to a new home and have a brand new Museum of Youth Culture and the Birmingham Music Archive. It will also include the creation of Pump House Park which will sit alongside the canal and the historic lockkeeper's cottage which will be retained. The development is expected to create 600 jobs during the construction phase and up to 313 additional roles once built. Cole Waterhouse's chief executive Damian Flood said: "Entering into a contract with Caddick enables us to undertake this exciting project with Taurus, Housing Growth Partnership and BGO. "This is our first joint venture with the professional team at Housing Growth Partnership and we are all excited to bring forward the first phase of Upper Trinity Street which will be one of the catalysts for the further regeneration of Digbeth, demonstrating our confidence in delivering much needed housing in this key part of the city."

Finance lender Atelier launches new Birmingham base
Finance 2025-12-21 19:58:53

Finance lender Atelier launches new Birmingham base

Specialist development finance lender Atelier has opened a new regional office in Birmingham's business district. Following the deployment of £150 million capital to the region, Atelier has launched the new space in 102 Colmore Row which is led by lending director Rav Kudhail. The London-based company said the new base would enable it to expand its provision of custom finance products to developers across the West and East Midlands and further afield towards Leeds and Manchester. It has already worked on several projects in the region including providing finance for the conversion of a grade-II listed building in Birmingham's Jewellery Quarter to create 32 apartments and a 196-studio student development near University of Warwick. Email newsletters BusinessLive is your home for business news from across the West Midlands including Birmingham, the Black Country, Solihull, Coventry and Staffordshire. Click through here to sign up for our email newsletter and also view the broad range of other bulletins we offer including weekly sector-specific updates. We will also send out 'Breaking News' emails for any stories which must be seen right away. LinkedIn For all the latest stories, views and polls, follow our BusinessLive West Midlands LinkedIn page here. Mr Kudhail said: "I've been based in Birmingham for the last three years and I am proud of the relationships we have built up with developers, intermediaries and professional partners. "The fact we've delivered £150 million of lending in the region so far is evidence of our commitment to being the lender of choice to finance a range of asset classes across central England and the North." Chief executive Chris Gardner added: "The opening of our Birmingham office underscores our commitment to funding property development in the region.

Multimillion-pound Newcastle business hub launches to help regional firms thrive
Commercial Property 2025-12-11 17:07:03

Multimillion-pound Newcastle business hub launches to help regional firms thrive

A multimillion-pound business hub has officially opened its doors close to Newcastle Airport to help propel regional companies onto the global stage. The 10,200 sq ft International Space Station (ISS) Airview has become the newest addition to AirView Park. The business park offers commercial office space to firms looking to get a foothold in the North East as well as space for start-ups and growing firms, with unrivalled transport connectivity to the rest of the UK and beyond. ISS Airview – which joins original anchor tenant Bellway plc, architects Sadler Brown and wellbeing solution provider ART Health Solutions – is the brainchild of regional business figure Ammar Mirza, and has opened with aims to help regional SMEs scale-up and take advantage of global trade and export opportunities in key markets, including South Asia, Turkey, the Middle East prioritising Saudi Arabia and the Netherlands. The ISS offers businesses flexible workspaces, including co-working space, office suites and conference facilities, and can accommodate over 150 desk spaces. Mr Mirza said: “It’s incredibly exciting to see our plan for the UK’s first dedicated International Trade Hub come to life, in partnership with strategic allies. Providing a physical platform that’s underpinned by the three key enablers of growth - innovation, investment, and internationalisation. “ISS Airview will offer a launch pad to help scaleups grow globally, and a soft landing for inward investment, ultimately showcasing the significant strengths and assets from across our North East. For over 15 years, we have meaningfully cultivated relationships at both Government and on the ground in various countries ready for our launch.” Mike Clark, director of developers Tynexe Commercial Limited, said: “ISS Airview is a prime example of how strategic investment, backed by regional devolution, is driving economic growth and creating new opportunities for businesses in the North East. Under the North East Mayoral Combined Authority, we have a renewed focus on enhancing infrastructure, attracting investment, and supporting businesses to expand into global markets. “Developments like this reinforce our region’s position as a dynamic hub for innovation and enterprise, strengthening our economy and creating high quality jobs for the future.” Mark Hunt, chief financial officer at Newcastle Airport, said: “The opening of ISS Airview marks a significant milestone for the North East’s business community. This state-of-the-art facility will provide local businesses with the resources and connections needed to engage with global markets, helping to attract more investment, drive innovation and create new jobs throughout the region.”

New car park for nearly 700 vehicles in Cardiff Bay
Commercial Property 2025-12-17 12:13:25

New car park for nearly 700 vehicles in Cardiff Bay

Work on a new multi-storey car park for the Mermaid Quay mixed-use scheme in Cardiff Bay will start next month. Owners of the 150,000 sq ft waterfront development, that includes restaurants and retail outlets, are demolishing the existing car park and building a new facility in a multi-million-pound investment. The car park, which is scheduled to open in April next year, will have 680 spaces - nearly double the existing facility that has 380. As with the present facility the new car park will be operated by Mermaid Quay, which is owned by Schroders Capital UK Real Estate. The exact cost of the new car park is not being disclosed. The existing car park will stop operating on March 2nd with demolition beginning shortly after. Following a three month demolition phase, construction will take around nine months. It will have two additional floors than currently - adding over 300 new spaces. Improvements will also include more accessible spaces on the ground floor, increased parent and child spaces, as well as new electric vehicle charging points. It will also creation of a new layout and exits to help improve traffic flow. It will also include a cycle hub. To minimise the impact of the temporary closure, the management team will be working with neighbouring car parks to help guide staff and shoppers to alternative parking options. The investment improving the Mermaid Quay car park follows the recent public realm refurbishment works which have taken place across Cardiff Bay to enhance the visitor experience. Mark Nott, centre manager at Mermaid Quay said: “During the temporary closure of the Mermaid Quay car park we urge visitors to Mermaid Quay and wider Cardiff Bay attractions to check out alternative parking options before they travel. Our team will also be on hand to provide advice to those working and visiting the area on alternative ways to travel to the bay to help minimise disruption and ensure you continue to have an enjoyable experience whilst visiting Mermaid Quay.

Period poverty project lands funding at Dragons' Den-style event at the Shard
Finance 2026-01-08 11:39:01

Period poverty project lands funding at Dragons' Den-style event at the Shard

A trio of entrepreneurs who developed sustainable menstrual pants in a bid to tackle period poverty have won £12,500 of funding. Bristol University's Aurusha Kharas and Anushka Mahesh, along with Queen Mary’s graduate Sarah Bailey, have won a share of £50,000 at a Dragons' Den-style event at the Shard. The Even Project was among six finalists taking part in business competition Ignite, which is run by the Ford Family Foundation. The non-profit was awarded the cash after impressing judges with the absorbent underwear, which can be worn and washed 300 times. The pants provide a sustainable alternative to disposable products, reducing costs by 16 times and cutting carbon emissions by six times, according to the co-founders. “As they look like normal underwear, women aren't ashamed to hang the pants on their washing lines rather than hide them away, and this means the risk of infection is dramatically reduced and potentially life saving,” a spokesperson for the entrepreneurs said. The Even Project is currently undertaking a large trial in Greece and already has 44,000 pre-orders for 2025. The founders' plan is to work with street vendors to ensure the product gets to the girls and women who need them. The event was judged by Jack Ford; Sarah Grieves of innovative tech platform Beam; the chief executive of Jigsaw Education Group Sanjeev Bag; and Ground+Air’s Jim Brown. Tony Ford, founder of the Ford Family Foundation, said: “Ignite is a testament to the incredibly driven young people coming out of our universities, to their intelligence, their entrepreneurship and most importantly to their social values. “The final was a masterclass in pitching and we are looking to help these social enterprises by investing our money, time and experience to maximise their potential and chances of success. Our Family Foundation is keen to invest an initial £3.5m in sustainable, growing and impactful businesses.”

Two major North East industrial schemes leap forward amid lettings and planning approvals
Commercial Property 2025-12-21 13:54:21

Two major North East industrial schemes leap forward amid lettings and planning approvals

Two major industrial schemes in the North East have taken leaps forward on the back of significant lettings and planning approvals. On Wearside, proposals to create new industrial space in Sunderland to support the region’s advanced manufacturing park have been given the go-ahead. Town End Farm Partnership Ltd last year put forward plans to create new space north of the Nissan plant to form part of the International Advanced Manufacturing Park (IAMP) through three units providing more than 860,000sqft of space. Work on the scheme, which was submitted on behalf of the Durham business by planning and development specialist Hedley Planning, can now get under way after planning approval was granted by Sunderland City Council. Onsite construction work is expected to start later this year. Three industrial units will be built on the southern development section of the site, set on a 150-hectare site to the north of Nissan and east of the A1290, providing 17,220 sqm, 14,600 sqm and 49,190 sqm of modern warehouse-style space with ground floor office accommodation, vehicle and HGV parking facilities along with associated yard space. Hedley Planning’s associate director Alex Franklin, who oversaw the planning application for Town End Farm Partnership Ltd, said: “There’s no doubt that IAMP is a real game-changer for the North East and its modern industries, driving investment, supporting jobs and creating long term prosperity. “This latest planning approval will see the go-ahead for another important phase in the park’s development – new units in IAMP and other locations, which benefit from investment in good planning, design and modern construction materials, are well sought after and in high demand.” Peter Razaq, managing director at Town End Farm Partnership Ltd, added: “This is a terrific scheme that will now proceed, meeting the strong demand for high quality industrial units in important North East locations and supporting the economic growth of local businesses.” Meanwhile in County Durham, listed business management business Restore Plc has signed a 15-year full lease for space at Integra 61. The company has signed up for Connect 84 - part of the Connect development at the industrial park - to become home to its new storage centre, at an 84,175 sqft unit which property agents described as the largest speculative new build project in the North East in the last two decades. Nigel Dews, managing director, Restore Information Management, said: “We are excited to have Connect 84 as our new storage centre. This fits nicely with our wider property strategy to continue to provide state-of-the-art storage facilities for our customers which also help with reaching our sustainability targets.” The deal was brokered by Avison Young, together with joint letting agents CBRE and Naylors Gavin Black, on behalf of site developers Sunrise Real Estate.

Embarking on the Path to Investment Success: A Blueprint for Building Wealth
Investment Focus 2025-12-23 21:07:02

Embarking on the Path to Investment Success: A Blueprint for Building Wealth

Diving into the world of investments is like setting sail on a journey that can lead to the discovery of substantial value and the potential to create wealth for generations to come. Even the most seasoned investors, such as Warren Buffett, started their adventures with modest knowledge. The secret to achieving success in investments is to embrace the correct strategy, maintain a commitment to financial autonomy, and consistently dedicate oneself to learning. Armed with these tools, anyone, including yourself, can accumulate wealth progressively over time. While the initial steps may appear daunting, I am here to provide a clear roadmap to prosperity that has been followed by many prosperous investors. Buffett underlines two core investment principles: Rule #1 – Safeguard your capital, and Rule #2 – Never forget Rule #1. Embrace the straightforward investment philosophy taught by Buffett, Ben Graham, and Charlie Munger, who are titans in the investment arena. You can acquire the necessary knowledge to become an investor and, more crucially, accumulate wealth that will sustain you and your family for years to come. Drawing from my own personal experience, having traversed this path, if I was able to succeed, so can you. Join me on this extraordinary voyage. Embarking on the Investment Journey in 8 Phases The investment journey can be divided into 8 manageable phases that are accessible to anyone, irrespective of their current financial knowledge or status, even if you started without any capital, as I did. What is required is an understanding of the strategies employed by successful investors, and soon, you too can sit back and watch your wealth expand. You will not be embarking on this mission alone. I will be your companion throughout your investment journey, sharing the invaluable insights I have garnered from my own experiences and those of the eminent investors who have paved the way for us. After all, if you aspire to become an investor, why not learn from the masters? 1. Procure High-Quality Investment Resources Let's begin with the initial step: securing the appropriate investment resources, as finding reliable educational materials is pivotal to your investment success. The challenge in finding credible resources lies in the absence of an official curriculum for Rule #1. This implies that the barrier to entry for educators is low—virtually anyone can teach 'investing', including those from prestigious universities. As a result, there is an abundance of misinformation circulating. In fact, Charlie Munger once remarked that he believes 95% of financial professionals make witch doctors appear respectable. To aid you, I have compiled a virtual library filled with tools and resources that I deem to be beneficial. You may eventually utilize every resource in that library, as being an investor involves ongoing learning. For example, I was invited to Japan to meet Wahei Takeda, an 84-year-old billionaire, often referred to as Japan's 'Warren Buffett'. He had read my book, Rule #1, and was eager to discuss it with me. He exemplifies someone who never ceased learning. Even as an octogenarian billionaire, he remained curious and open to new investment materials. Use these resources to establish a foundational understanding of Rule #1 investing and refer back to them when necessary. 2. Master the Basics of Investing With the right resources at your disposal, you can start learning the fundamentals of investing. Investing, primarily in stocks, is genuinely simple. Stocks represent ownership in a company, and to be a successful investor, you must first understand the business. Then, ensure it possesses inherent quality that shields it from competition. Afterward, have confidence in the CEO's integrity and capability. Lastly, comprehend the value and purchase it with a substantial margin of safety.

Cardiff scheme for more than 300 apartments
Commercial Property 2025-12-24 12:07:36

Cardiff scheme for more than 300 apartments

Plans to develop a new block of flats in Cardiff Bay are about to take another step forward. Cardiff Council’s planning committee granted outline planning permission in 2022 for the redevelopment and extension of the Channel View estate in Grangetown for up to 319 apartments and houses. The council has decided the demolition of three properties on Channel View Road can go ahead in order to pave the way for construction of phase one of the development. A council document published recently states the demolition of 227-231 Channel View Road is expected to commence in April. In June 2024, Cardiff council approved plans to amend the design of an apartment block in phase one so that it could meet fire regulations. The first phase of the scheme will be made up of two blocks providing independent living flats for people aged over 50. It will also include a community cafe and communal gardens incorporating allotments and picnic areas. Approval of the amended plans means block B will be six storeys high instead of eight and its make up will change so it will no longer include what it called ‘green walls’. These consist of plants and aimed to improve energy efficiency, promote biodiversity and improve air quality, among other things. A council planning report on the application which was approved last year states: “The application is seeking to make these amendments due to new emerging guidance on building regulations being released, specifically referring to tall buildings post the Grenfell Tower disaster. “The approved designs will not meet these new regulations, so a redesign exercise has been carried out. The green walls have been omitted as they cannot achieve fire regulation compliance.” Although the changes mean block B will be shorter and reoriented, the number of units being provided will remain at 24. The council document published this month on proposals to demolish buildings on Channel View Road states an amendment to the design of block A of phase one was also approved last year. This will involve increasing the number of apartments from 57 to 102. Cardiff Council’s wider plans to redevelop Channel View will eventually see 180 existing properties on the estate replaced.

Grasp the Concept of Market Capitalization: An Essential Investment Tool 6072
Investment Focus 2026-01-08 01:02:05

Grasp the Concept of Market Capitalization: An Essential Investment Tool 6072

Market capitalization, often abbreviated as "market cap," is a fundamental and complex concept in finance that plays a crucial role in evaluating the value of publicly traded companies. While it might appear complicated, it's vital to keep in mind that market cap should not be the sole criterion when making investment choices. This article seeks to demystify the concept of market capitalization, its importance, how it's calculated, and its role in investment strategies. We will also delve into the different categories of market cap, such as large-cap, mid-cap, and small-cap companies. The Core of Market Capitalization Market capitalization essentially mirrors the stock market's valuation of a company's worth. This valuation is obtained by multiplying the total number of a company's outstanding shares by its current share price. An increase in either the shares or their market value leads to a higher market cap. It can also be seen as the hypothetical cost of buying the entire company in one go. Market Capitalization vs. Intrinsic Value There is a common misunderstanding that equates market cap with a company's true value. Even some academics have incorrectly assumed that market prices accurately reflect a business's intrinsic value. However, as Warren Buffett has pointed out, this is often not the case. A company's market cap is based on its share price, which, as we know, does not always correspond with its fundamental value. Consider the volatile stock prices of meme stocks like GameStop and Dogecoin, which are more influenced by social media hype than the companies' underlying values. It is essential to recognize that a stock's price does not always represent a company's value, making market cap just one part of the investment puzzle. The Importance of Market Capitalization If market cap is just an indicator of price, why does it matter? A company's market cap indicates its size, assisting investors in gauging the company's scale and growth potential. While market caps can vary significantly, investors typically categorize them into small-cap, mid-cap, and large-cap companies. These categories can help individual investors, but they are more often used by fund managers to diversify their clients' portfolios with a mix of smaller and larger companies. Large-Cap Stocks Companies with a market cap above $10 billion are classified as large-cap. Large-cap companies are generally stable, with a solid track record and significant market share, although they are not without risk. The potential drawback of large-cap stocks is their slower growth due to their established market position. An example of a large-cap company is Walmart, with a market cap of approximately $370 billion. Mid-Cap Stocks Mid-cap companies have a market cap ranging from $2 billion to $10 billion. They may serve niche markets or face competition that prevents them from becoming large-cap companies. Alternatively, they could be newer companies in a high-growth phase. Examples include Robinhood, Hyatt Hotels, and Docusign. Small-Cap Stocks Small-cap companies have a market cap between $300 million and $2 billion. Companies below $300 million are considered micro-cap. Unlike large-cap companies, small-caps carry higher risk but also offer substantial growth potential with significant returns. Small-cap stocks include Coursera, SmileDirectClub, and Health Catalyst. Calculating Market Capitalization Calculating market capitalization is a straightforward process that can quickly determine the market caps of potential investments. Market Cap Formula Market capitalization

Cornwall hotel put up for sale for first time in 43 years
Commercial Property 2025-12-11 08:37:03

Cornwall hotel put up for sale for first time in 43 years

A hotel near Penzance is being put up for sale for £1.5m after more than 43 years. The Marazion, a Grade II listed property based in the coastal town of the same name, has been owned and operated by the same family since 1982. The hotel has 11 en-suite bedrooms, a two-bedroom self-catering apartment, a restaurant and bar - The Cutty Sark - which seats up to 55 people, and a guest lounge. It also has a beer garden and car park. The business has undergone a number of renovations over the last few years, including to the bedrooms, bathrooms and public areas, according to property firm Christie & Co, which is marketing the building for sale. It also has an AA 4 Star Gold Inn rating and an AA Dinner Award, and was selected as a finalist for the Taste of the West Hotel of the Year Award in 2024. Stephen Champion, director in Christie & Co’s hotel brokerage team who is managing the sale, said: “With its well-maintained property and highly profitable business, the Marazion Hotel is perfectly positioned to be handed over to a new operator. "The business could appeal to experienced operators and newer entrants alike, so we expect strong interest.” The Marazion was originally a coaching inn and was built around 1700. According to its website, the hotel has a number of items from HMS Warspite - one of five Queen Elizabeth-class battleships built for the Royal Navy during the early 1910s and which ran aground at Mount’s Bay in 1947. These include panelling from the captain’s cabin and the tip of the mast.

Welsh tourism tax will not exempt children
Commercial Property 2026-01-08 02:58:18

Welsh tourism tax will not exempt children

Mark Drakeford has resisted calls to exclude under-18s from the Welsh Government’s plans for a tourism tax from 2027. The Finance Secretary told the Senedd’s finance committee that exempting children from the levy as in some other European countries would lead to a “significant fall” in the tax take. He said: “I see that you have heard from a range of voices who argue that particular groups ought to be excluded from the levy…. This is a broad-based tax with a low charge – if you narrow the base, the only way you can sustain the take from the tax is to put the charge up.” Prof Drakeford said taking under-16s out of the £1.25-a-night levy would see the estimated £33m revenue fall to £21m, “eroding the chances that the levy will be of any use.” He stressed: “If the committee wants to argue for excluding children from the levy, you are arguing for a higher charge on the people who are left – you can’t have both.” Prof Drakeford pointed out: “Children buying sweets pay VAT. Children are not excluded by the virtue of being children from the taxation system.” He defended the visitor levy bill after a report found the levy could lead to between 250 and 730 job losses and cost the Welsh economy £16m to £47m a year. Prof Drakeford was questioned about the economic impact assessment by Calvin Jones, a professor at Cardiff University, as he gave evidence on February 12. He said: “Professor Jones’ report deals with a set of complex considerations. It has, inevitably, to make a series of assumptions and deal with a series of uncertainties. It assumes, for example, that all 22 local authorities have adopted the levy from day one.” Rejecting suggestions the report undermines the case for a levy, Prof Drakeford told the committee some witnesses exclusively referred to figures for a worst-case scenario. He said: “I did think there were some witnesses who came before you who presented Prof Jones’ report as though it was a set of predictions rather than a range of possibilities.” Prof Drakeford added: “Even if the impact was at the top end, you are talking about a few hundred jobs in an industry that employs over a million people…. This is not an industry, I think, that will struggle to accommodate the impact of the levy.” Pressed about the timing with the sector still recovering from the pandemic, he said: “When some organisations have said to you ‘oh, not now’, what they really mean is ‘not ever’.” Prof Drakeford stressed “There’s a long lead in, this is not an idea that has suddenly been put in front of the sector and there’s a long path in front of us as well.” He said the earliest any council could introduce a local levy would be April 2027, adding that he expects only a modest number of local authorities to do so initially. Peredur Owen Griffiths, who chairs the committee, raised the “cumulative” effect of policies such as national insurance and the 182-day rule for holiday lets to qualify for business rates. Prof Drakeford replied: “We’re familiar with the argument about comparing apples and pears but that list, I think, is the full fruit salad because they’re all completely different issues.” He told the committee many microbusinesses in the tourism sector will be no worse off after the UK Government’s decision to increase employer national insurance contributions. Asked about introducing a day-visitor levy rather than an overnight tax, the former first minister said: “I didn’t want to see the search for the perfect driving out the possible.” Prof Drakeford rejected suggestions that families could upend their holiday plans over the proposed £1.25-a-night levy, arguing it will have a marginal impact. He said: “There are so many other factors that will have an impact both on costs and people’s decision-making which will loom far larger than the visitor levy. “On the whole, what we hear from the continent where this is commonplace is that visitor levies are broadly invisible to the end user.” Prof Drakeford explained the bill would require councils to consult on whether to adopt a levy then report annually on the use of the revenue raised. He told committee members: “The idea that you could easily slide a bit of that money away towards something else, I don’t think will be easy.”

Flexible workspace provider Runway East agrees 15-year Bristol deal
Commercial Property 2025-12-21 02:11:55

Flexible workspace provider Runway East agrees 15-year Bristol deal

Flexible workspace provider Runway East has agreed a 15-year renewal deal on its building in Bristol. The company signed the agreement with landlord Grosvenor for 47,000 sq ft at 1 Victoria Street. Under the terms of the agreement, the businesses said they would work together to undertake "environmental and amenity upgrades" at the Bristol Bridge site. The environmental improvements are part of a wider £35m programme of capital investments Grosvenor is undertaking across its regional office portfolio, it said. The Bristol Bridge space has already been renovated and offers co-working and private offices for teams sized between one and 75 people. There are also break-out areas, meeting rooms and a private roof terrace and a riverside café and bar. Natasha Guerra, founder and chief executive of Runway East, said: Our mission compliments Grosvenor’s vision on reducing emissions. As one of the first B-Corp flexible operators, we’re committed to creating the best place to work and being a responsible business committed to meeting net zero. "Bristol Bridge is one of our longest-standing sites, which is hugely popular with members. We’re thrilled to be offering them longevity, supporting business as usual and maximising team bliss.” The announcement comes just weeks after Runway East signed a 20-year deal with global investment firm Abrdn to open a new site in Bath. Kings Court, a Grade II listed building on Parsonage Lane in the city centre, is the flexible workspace company’s third site in the South West. Fergus Evans, office portfolio director at Grosvenor, said: “There is a shortage of the best quality commercial space across the UK core cities. By extensively refurbishing our existing portfolio to create the best retrofit assets in the cities we operate in, we’re addressing this demand whilst simultaneously minimising our operational and embodied carbon impact. “As one of the best flex office providers in the market, confirming Runway East’s recommitment to Bristol Bridge, marks a fantastic start to the year. As we do across the portfolio, we have been working proactively with Runway East to improve the environmental performance and amenity provision of the building."

advertisement