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NCP set to enter administration putting more than 1,000 jobs at risk

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NCP set to enter administration putting more than 1,000 jobs at risk

Britain’s largest car park operator, National Car Parks (NCP), has taken the first formal step toward administration, putting more than 1,000 jobs at risk and raising fresh questions about the future of hundreds of parking facilities across the UK.

Documents lodged at the High Court in London show that the company has filed a notice of intention to appoint administrators. The filing, made at 10.01am, provides the business with temporary legal protection from creditor actions while it attempts to stabilise its financial position or explore restructuring options.

The move signals deep financial strain at a company that operates more than 800 parking sites nationwide, serving millions of drivers each year and working with a range of private landowners, councils and commercial clients.

An intention to appoint administrators is typically used by businesses facing mounting financial pressure, granting them a short window, usually around ten days, to negotiate with lenders, explore refinancing options or prepare for a formal administration process.

If the company ultimately enters administration, the outcome could threaten the future of more than 1,000 jobs across its operations and potentially disrupt services at hundreds of car parks across the country.

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The development is likely to send shockwaves through local authorities and commercial partners that rely on the operator to manage public and private parking facilities.

Financial pressures have been mounting in recent years. Accounts show the company generated revenues of £187 million in the financial year ending 2023, representing a decline of more than 7 per cent compared with the previous year.

The company has also faced public scrutiny and criticism over its parking enforcement practices. Private parking operators across the UK have dramatically increased the number of penalty notices issued to motorists, with figures showing that drivers are now receiving nearly 40,000 parking charges a day.

Data from the Driver and Vehicle Licensing Agency (DVLA) revealed that private parking firms requested vehicle ownership details a record 14.37 million times during the 2024–25 financial year. That equates to an average of around 39,375 requests per day, allowing companies to issue parking charge notices of up to £100 for alleged violations such as overstaying time limits.

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Parking operators must obtain vehicle ownership information from the DVLA in order to send fines by post, paying £2.50 per request for access to the database.

NCP itself has faced several high-profile controversies relating to fines in recent years. In February last year the company apologised after incorrectly issuing a £100 penalty to a grandfather who had parked for just 14 minutes in a car park in Darlington, County Durham, despite signage stating that customers were entitled to 90 minutes of free parking. The fine was later cancelled.

The company has also faced financial disputes with local authorities. In 2024, Bolton Council wrote off nearly £1.5 million in debts owed by the firm dating back to the pandemic period.

Legal representatives from the law firm Reynolds Porter Chamberlain, which is acting for the company, said a statement would be issued later regarding the situation.

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Industry observers say the potential collapse of such a large operator reflects broader challenges in the parking sector, including rising operational costs, tighter regulation and increasing scrutiny of private parking enforcement.

For motorists, private parking charges have become increasingly common across locations such as supermarkets, shopping centres, business parks, motorway service areas and restaurant sites.

While the notice filed in court does not guarantee that the company will enter administration, it indicates that its financial position has become severe enough to require urgent restructuring discussions.

If a rescue deal cannot be secured during the protection period, administrators could be formally appointed within days, placing the future of Britain’s largest car park operator in doubt.

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Jamie Young

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

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Legendary Coach Announces Retirement from Butler Basketball

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Aden Holloway

INDIANAPOLIS — Thad Matta, one of college basketball’s most accomplished coaches, announced his retirement from sideline duties on March 16, 2026, capping a 21-year head coaching career that included Final Four appearances, conference championships and a lasting impact at three programs. The 58-year-old Matta, who returned to his alma mater Butler University in 2022, will transition to a new role as Special Assistant to the President and Athletic Director while the school launches a national search for his successor.

Thad Matta
Thad Matta

Matta’s decision comes days after reports suggested he would return for the 2026-27 season, following speculation about his future amid a 16-16 campaign in 2025-26 that ended with a first-round Big East Tournament exit. In a statement released by Butler, Matta reflected on his time coaching: “After taking some time to reflect following the end of the season, I have decided that the time has come for me to step away from the sidelines.”

Here are 10 essential things to know about Thad Matta’s career, legacy and recent developments.

  1. Alma Mater Roots Run Deep — Born July 11, 1967, Matta graduated from Butler in 1990 after transferring from Southern Illinois. He played guard for the Bulldogs and later served as an assistant coach under Barry Collier before embarking on his head coaching path. His 2022 return to Butler marked a homecoming, revitalizing a program that had struggled in recent years.
  2. Impressive Overall Record — Matta compiled a 502-223 career record (.692 winning percentage) across stints at Butler (two separate periods), Xavier and Ohio State. He ranks among the winningest coaches of his era, with teams achieving 20 or more victories in 16 of his 17 full seasons as a head coach.
  3. Butler Tenure Highlights — In his first Butler stint (2000-01), Matta led the Bulldogs to a 24-8 record and an NCAA Tournament appearance. Returning in 2022, he posted an 87-77 mark over four seasons, including efforts to rebuild in the competitive Big East Conference. The 2025-26 season saw modest improvement but fell short of postseason expectations.
  4. Xavier Success Built Foundation — From 2001 to 2004, Matta went 78-23 at Xavier, winning 26 games each season and advancing in the NCAA Tournament all three years. His Musketeers established a high standard for mid-major excellence, drawing attention from power-conference programs.
  5. Ohio State Dynasty — Matta’s 13 seasons (2004-17) at Ohio State represent his most celebrated chapter. He amassed a school-record 337 victories, five Big Ten regular-season titles (2006, 2007, 2010, 2011, 2012), three Big Ten Coach of the Year awards and led the Buckeyes to Final Fours in 2007 and 2012 — the latter featuring a national runner-up finish.
  6. Health Challenges Overcame — Matta battled significant back issues during his Ohio State tenure, undergoing multiple surgeries that limited his mobility and led to a brief medical leave in 2016. Despite health setbacks, he returned to coaching and later reflected on how the experience shaped his perspective and leadership.
  7. Recruiting and Player Development Acumen — Known for attracting top talent, Matta recruited future NBA stars like Kosta Koufos, Evan Turner, Jared Sullinger, Aaron Craft and D’Angelo Russell at Ohio State. His emphasis on guard play, defensive intensity and team chemistry produced consistent contenders.
  8. Brief Indiana Administrative Role — After departing Ohio State in 2017, Matta served as associate athletic director at Indiana University from 2018 to 2020, gaining administrative experience before his Butler return. This period allowed time for reflection amid ongoing health recovery.
  9. Recent Speculation and Reversal — In early March 2026, reports from sources like Jeff Goodman indicated Matta would return for another season, with athletic director Grant Leiendecker expressing alignment on program goals. The sudden retirement announcement reversed that expectation, sparking discussions about Butler’s future direction in the Big East.
  10. Legacy and Next Chapter — Matta leaves as one of college basketball’s respected figures, with a career defined by sustained success, program elevation and personal resilience. His transition to an advisory role at Butler ensures continuity while allowing a new coach to build on his foundation. As the coaching carousel activates, Matta’s decision marks the end of an era for a coach who once seemed destined for indefinite tenure.

Matta’s retirement follows a pattern of veteran coaches stepping away after long careers, influenced by health, reflection and program cycles. Butler, aiming to regain national relevance, now faces a pivotal hire in a competitive landscape.

Throughout his journey from player to coach, Matta emphasized fundamentals, relationships and perseverance — qualities that defined his teams and earned him admiration across the sport. As he shifts to a supporting role, his impact on Butler, Xavier and Ohio State endures through championships, tournament runs and the players he mentored.

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Form 144 Sprouts Farmers Market For: 16 March

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Form 144 Sprouts Farmers Market For: 16 March

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14% Yielding And Growing Lenders To Buy For Big Upside Potential

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Dollar Tree: Buy The Recent Weakness

14% Yielding And Growing Lenders To Buy For Big Upside Potential

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Science Applications International Corporation (SAIC) Q4 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Science Applications International Corporation (SAIC) Q4 2026 Earnings Call March 16, 2026 10:00 AM EDT

Company Participants

Jon Raviv
James Reagan – CEO & Director
Prabu Natarajan – Executive VP & CFO

Conference Call Participants

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Jeremy Jason – Citigroup Inc., Research Division
Sebastian Rivera – Stifel, Nicolaus & Company, Incorporated, Research Division
Gavin Parsons – UBS Investment Bank, Research Division
Sheila Kahyaoglu – Jefferies LLC, Research Division
Gautam Khanna – TD Cowen, Research Division
Colin Canfield – Cantor Fitzgerald & Co., Research Division
Tobey Sommer – Truist Securities, Inc., Research Division
Noah Poponak – Goldman Sachs Group, Inc., Research Division

Presentation

Operator

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Good day, and thank you for standing by. Welcome to SAIC’s Fourth Quarter Fiscal Year 2026 Earnings Call. [Operator Instructions]. Please be advised that today’s conference is being recorded.

I’d now like to hand the conference over to Jon Raviv, Vice President of Investor Relations. Please go ahead.

Jon Raviv

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Good morning, and thank you for joining SAIC’s Fourth Quarter Fiscal Year 2026 Earnings Call. My name is Jon Raviv, Vice President of Investor Relations, and joining me today to discuss our business and financial results are Jim Reagan, our Chief Executive Officer; and Prabu Natarajan, our Chief Financial Officer. Today, we will discuss our results for the quarter that ended January 30.

Please note that we may make forward-looking statements on today’s call that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from statements made on this call. I refer you to our SEC filings for a discussion of these risks. In addition, we will discuss non-GAAP financial measures and other metrics, which we believe provide useful information for investors. These non-GAAP measures should be considered in addition to and not a substitute for financial measures in accordance with GAAP. A more fulsome explanation of these measures can also be

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U.S. Dairy’s Strategy for Competing at Scale

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U.S. Dairy’s Strategy for Competing at Scale

How category alignment helps U.S. dairy advance nutrition, sustainability, and innovation at scale.

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General Mills launches new soft baked bars

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General Mills launches new soft baked bars

Part of Nature Valley snack brand.

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Guernsey project links surplus food to households

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Guernsey project links surplus food to households

SOS Guernsey Food Angel says it wants to reduce waste while helping families access affordable food.

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Alabama Basketball Guard Aden Holloway Arrested on Marijuana Possession Charges Ahead of NCAA Tournament

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Aden Holloway

Alabama Crimson Tide guard Aden Holloway, the team’s second-leading scorer this season, was arrested Monday morning on drug-related charges after authorities discovered more than a pound of marijuana during a search of his residence, according to multiple reports and law enforcement officials.

Aden Holloway
Aden Holloway

Holloway, 21, faces charges of first-degree possession of marijuana and failure to affix a tax stamp, a spokesperson for the Tuscaloosa Police Department confirmed to 247Sports. The West Alabama Narcotics Task Force executed the search, recovering marijuana, drug paraphernalia and cash from the location. Holloway was booked into the Tuscaloosa County Jail with bond set at $5,000. He was released later Monday after posting bond.

The arrest comes at a critical juncture for the No. 4-seeded Crimson Tide, who open NCAA Tournament play Friday against No. 13 seed Hofstra in the first round of the March Madness bracket. Alabama, coached by Nate Oats, enters the postseason as one of the tournament’s top contenders after a strong SEC campaign, though the team suffered a quarterfinal exit in the conference tournament to Ole Miss.

Holloway has been a key contributor since transferring to Alabama from rival Auburn ahead of the 2025-26 season. The junior guard averages 16.8 points per game, shooting 48.1% from the field, and provides reliable scoring from the perimeter alongside leading scorer Mark Sears. His production has helped Alabama maintain a high-octane offensive identity, ranking among the nation’s leaders in scoring and three-point shooting.

The timing of the arrest has drawn immediate attention across college basketball circles, with analysts and fans speculating on potential team impacts. No official statement from the University of Alabama or Coach Oats had been released by late Monday, though athletic department policies typically involve internal reviews for such incidents. NCAA rules require schools to address eligibility concerns promptly, though marijuana possession often results in suspensions rather than permanent bans, depending on circumstances and prior offenses.

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Holloway’s background adds layers to the story. A former five-star recruit out of high school, he began his college career at Auburn, where he played two seasons before entering the transfer portal in spring 2024. The move to Alabama — crossing the bitter Iron Bowl rivalry — sparked controversy among fans but paid dividends on the court. In his first year with the Crimson Tide, Holloway adapted quickly, contributing to deep tournament runs and earning praise for his shooting and composure under pressure.

This season, Holloway has delivered standout performances, including a 26-point outburst in a blowout win over UNLV in November 2025 and clutch plays against Auburn in February 2026, where he scored nine straight points late to secure a road victory over his former team. His growth has been credited with helping Alabama sustain momentum despite injuries and roster turnover.

The charges stem from Alabama law, where possession of more than one pound of marijuana qualifies as first-degree, a felony punishable by up to 10 years in prison and fines. The failure to affix a tax stamp charge relates to state requirements for certain controlled substances. Authorities have not released additional details on the investigation, including whether the search was part of a broader probe or stemmed from specific tips.

Reactions on social media and in sports forums were swift, with some expressing disappointment given Holloway’s on-court contributions and others noting the prevalence of similar incidents in college athletics amid evolving marijuana laws nationwide. Alabama remains a state where recreational marijuana is illegal, though medical use is permitted under strict conditions.

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The Crimson Tide’s tournament preparation continues amid the uncertainty. Oats has emphasized discipline and focus throughout the season, and the program has navigated off-court issues before, including past player suspensions. Holloway’s status for Friday’s game remains unclear pending any university or NCAA decisions.

Alabama enters the NCAA Tournament with high expectations, bolstered by veteran leadership and defensive improvements in recent weeks. The loss of Holloway’s scoring would represent a significant blow, though the team’s depth — including guards like Labaron Philon and others — provides options.

As details emerge, the incident underscores ongoing challenges for student-athletes balancing high-profile competition with personal conduct. Holloway’s case joins a list of recent college basketball arrests involving marijuana, reflecting broader societal shifts even as legal consequences persist in many jurisdictions.

For now, attention shifts to the Crimson Tide’s response and whether Holloway will be available when Alabama tips off against Hofstra. The program’s resilience will be tested as it pursues another deep March run.

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KE Holdings Inc. (BEKE) Q4 2025 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

KE Holdings Inc. (BEKE) Q4 2025 Earnings Call March 16, 2026 8:00 AM EDT

Company Participants

Siting Li – Investor Relations Director & Joint Company Secretary
Tao Xu – CFO & Executive Director
Yongdong Peng – Co-Founder, Chairman & CEO

Conference Call Participants

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Timothy Zhao – Goldman Sachs Group, Inc., Research Division
Xiaomeng Zhuang – BofA Securities, Research Division
John Lam – UBS Investment Bank, Research Division
Eddy Wang – Morgan Stanley, Research Division
Liping Zhao – China International Capital Corporation Limited, Research Division

Presentation

Operator

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Hello, ladies and gentlemen. Thank you for standing by for KE Holdings, Inc. Fourth Quarter and Fiscal Year 2025 Earnings Conference Call. Please note that today’s call, including management’s prepared remarks and a question-and-answer session will all be available in English. Simultaneous interpretation in Chinese is available on a separate line for the duration of the call. [Operator Instructions] Today’s conference call is being recorded.

I will now turn the call over to your host, Ms. Siting Li, IR Director of the company. Please go ahead, Siting.

Siting Li
Investor Relations Director & Joint Company Secretary

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Thank you, operator. Good evening, and good morning, everyone. Welcome to KE Holdings Inc, Beike’s Fourth Quarter and Fiscal Year 2025 Earnings Conference Call. The company’s financial and operating results were published in the press release earlier today and are posted on the company’s IR website, investors.ke.com. On today’s call, we have Mr. Stanley Peng, our Co-Founder, Chairman and Chief Executive Officer; and Mr. Tao Xu, our Executive Director and Chief Financial Officer. Mr. Xu will provide an overview of our business update and financial performance, then Mr. Peng will share more on our strategic update and thinking.

Before we continue, I refer you to our safe harbor statement in our earnings press release, which applies to this call as we will make forward-looking

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Southwest Airlines to end flights at Washington Dulles, Chicago O’Hare airports

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Southwest Airlines to end flights at Washington Dulles, Chicago O’Hare airports

Southwest Airlines will stop operating flights at Washington Dulles International Airport and Chicago O’Hare International Airport starting this summer.

The airline announced Friday that the change will take effect June 4, 2026. Flights scheduled on or before June 3 will operate as planned.

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Despite the exit from the two major hubs, Southwest said it will continue offering significant service in both metro areas through other airports. In the Chicago region, the carrier will maintain operations at Chicago Midway International Airport, while in the Washington area it will continue service at Baltimore/Washington International Airport and Ronald Reagan Washington National Airport.

MORE THAN 1,800 US FLIGHTS CANCELED AS MASSIVE MARCH STORM DISRUPTS TRAVEL

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A Southwest Airlines plane descends to land at the San Francisco International Airport in San Mateo, California, on Feb. 6, 2026. (Tayfun Coskun/Anadolu via Getty Images)

Southwest currently serves 15 markets from Chicago O’Hare. An airline spokesperson told FOX Business that employees affected at the two airports will have the opportunity to bid for open positions elsewhere across its network.

Chicago O'Hare International Airport

Air travelers walk on a concourse at Chicago O’Hare International Airport. (Daniel Slim/AFP via Getty Images)

Customers with reservations that include either airport on or after June 4 will need to change their travel plans. Travelers may rebook or travel standby within 14 days of their original travel date without paying a fare difference.

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Ticker Security Last Change Change %
LUV SOUTHWEST AIRLINES CO. 38.75 +0.14 +0.36%

Passengers can also choose to travel through alternate airports. Options include Chicago Midway, Milwaukee and Indianapolis for Chicago-area travel, and Reagan National, Baltimore/Washington International, Philadelphia and Richmond for the Washington region.

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Customers may also request refunds for the unused portion of their ticket – even for nonrefundable fares – as well as optional travel charges tied to flights not taken.

Reuters contributed to this report. 

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