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Business

Plans for old Yeo Valley site in Somerset include new homes and nursery

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Business Live

The campus is set for a major redevelopment

Artist's impression of 66-bed care home on the A371 Axbridge Road in Cheddar. CREDIT: LNT Construction. Free to use for all BBC wire partners.

Artist’s impression of 66-bed care home on the A371 Axbridge Road in Cheddar(Image: LNT Construction)

Fresh proposals have been submitted to transform the former Yeo Valley campus on the fringes of the Mendip Hills in Somerset. Yeo Valley Farm and Holt Farms lodged an application in August 2018 seeking outline permission to build up to 100 new homes on their former storage facility off the A371 Axbridge Road in Cheddar, alongside a 60-bed care home, 12 extra care units, business premises and a nursery.

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Sedgemoor District Council’s development committee voted in favour of the proposals in November 2020, though the legal agreements relating to the site weren’t finalised until late May 2023.

Homes England later bought the site and presented revised proposals for the development – plans which received approval in November 2024 from Somerset Council (which succeeded the district council in April 2023).

Woodstock Homes (Construction), which is collaborating with Homes England, has now lodged additional revisions to the residential component of the site, while LNT Care Developments has submitted new proposals for the care home.

The council is expected to deliver a decision on both sets of proposals before Christmas.

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The site is located on the northern side of Axbridge Road next to the Cheddar Woods Resort and Spa, on the edge of the Mendip Hills national landscape (previously designated an area of outstanding natural beauty, or AONB).

Under the updated plans, 56 homes will be built across the site, three of which will be designated as ‘live/work units’ — properties incorporating office space to facilitate remote working or small business operations.

The development will offer a range of property types, from one-bedroom flats through to four-bedroom houses. However, owing to the limited viability of the brownfield site, just eight of the properties will be classed as affordable housing.

The residential units will be concentrated at the southern end of the site, with 161 parking spaces provided throughout — including 11 dedicated visitor spaces.

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The northern portion of the site will be largely given over to green landscaping and tree planting, creating an enhanced buffer zone for both the neighbouring campsite and the protected landscape beyond.

A new 250 sq m nursery will be positioned close to the site entrance, alongside a new 600 sq m commercial building suitable for uses such as offices or light industrial units.

An active travel route will be established at the south-eastern corner of the site, allowing pedestrians and cyclists to reach Cheddar either via the A371 or by heading west to join the Strawberry Line at the Axbridge entrance.

A spokesperson for LDA Design (representing the applicants), said: “The site will make a significant, and much-needed, contribution to Somerset’s housing land supply, as well as providing employment opportunities.

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“We look forward to working collaboratively with Somerset Council to secure consent and progress toward the delivery of the housing, employment and nursery uses.”

The new care home will be delivered by LNT Care Developments (in conjunction with 376 Estates (Cheddar) and Home England), which recently completed the Gillingham Grange facility in Chard and the Sherford Manor care home within the Killams Park estate in Taunton.

Artist's impression of 66-bed care home on the A371 Axbridge Road in Cheddar. CREDIT: LNT Construction. Free to use for all BBC wire partners.

Artist’s impression of 66-bed care home on the A371 Axbridge Road(Image: LNT Construction)

The facility will be built at the south-western corner of the site, featuring 66 bedrooms spread across three floors, generating up to 60 jobs for local residents.

A spokesperson for LNT said: “The site lies within a sustainable location in close proximity to facilities, the local population and existing public transport services.

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“There is an identified need for development of specialist accommodation, including residential care homes.

“The development of the site will contribute towards a mix of uses in the local area, and specifically on the redevelopment of the former Yeo Valley site, providing significant employment, social and economic benefits, which will have a positive and lasting impact on community cohesion and diversity.”

Somerset Council is expected to reach a verdict on both sets of proposals within the next six months. Given the scope and importance of the plans, both decisions are expected to be made publicly by the planning committee north (which oversees major applications within the former Sedgemoor area), rather than through the delegated authority of its planning officers.

LNT Care Developments has suggested that building work on the care home could start “within 16 months” of planning permission being granted.

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Business

Ford Issues ‘Do Not Drive’ Recall for nearly 5K Bronco Sport, Maverick Vehicles

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Ford Issues ‘Do Not Drive’ Recall for nearly 5K Bronco Sport, Maverick Vehicles

Ford Motor Company on Wednesday issued a critical “Do Not Drive” advisory and safety recall for 4,653 vehicles, encompassing certain 2021-2026 Bronco Sport and 2022-2026 Maverick models. 

The recall, which was internally approved May 19, addresses a potential manufacturing defect originating at the vehicle assembly plant, where the front lower control arm ball joints may have been incorrectly installed or repaired, according to the National Highway Traffic Safety Administration (NHTSA).

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Officials said the manufacturing defect “may result in loss of vehicle control while driving, increasing the risk of [a] crash,” according to Ford’s official Safety Recall Report to the NHTSA.

A Ford Bronco Sport outside in a forest.

A model year 2025 Ford Bronco Sport. (Ford Motor Co. / Fox News)

FORD RECALLS OVER 179,000 BRONCO AND RANGER VEHICLES OVER SEAT DEFECT

Because of the risk, Ford strongly advised owners to stop driving the vehicles immediately until an inspection and necessary repairs are completed. 

The affected population includes 2,357 Mavericks and 2,296 Bronco Sports.

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NHTSA documents show the financial burden of resolving the defect will be entirely absorbed by Ford, while auto dealers face strict federal compliance measures. Dealerships are mandated to immediately halt the demonstration, sale or delivery of any affected new vehicles in their inventory.

2022 Ford Maverick Hybrid XLT and 2L-EcoBoost AWD Lariat. Preproduction vehicle with optional equipment shown. Available fall 2021.

2022 Ford Maverick Hybrid XLT and 2L-EcoBoost AWD Lariat. Preproduction vehicle with optional equipment shown. Available fall 2021. (Ford)

FORD TEAMS UP WITH OUTDOOR OUTFITTER FILSON TO LAUNCH NEW BRONCO SUV

Violating the federal stop-sale requirement could result in severe civil penalties of up to $27,168 per vehicle.

To minimize the impact on consumers, Ford is covering all costs associated with the repairs, according to the NHTSA.

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Dealerships are authorized to claim up to $250 per vehicle for towing services, with some participating dealers offering dispatched technicians to perform mobile inspections at customers’ locations.

Ford logo in Michigan.

FILE – Ford Motor Co. signage is displayed outside of a dealership as the General Motors Co. (GM) headquarters building stands in the distance in Detroit, Michigan, U.S., on Monday, April 1, 2013.  (Jeff Kowalsky/Bloomberg via Getty Images  / Getty Images)

If a vehicle requires parts replacement, Ford is pre-approving the cost of rental vehicles for up to 30 days.

The company has also implemented a reimbursement plan for owners who may have already paid out-of-pocket to repair the suspension issue, NHTSA officials said. Customers are eligible for a refund as long as the prior repair was performed before June 19, 2026.

Ticker Security Last Change Change %
F FORD MOTOR CO. 16.15 -0.48 -2.89%

CLICK HERE TO GET FOX BUSINESS ON THE GO

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Ford did not immediately respond to FOX Business’ request for comment.

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PagerDuty, Inc. (PD) Presents at Bank of America 2026 Global Technology Conference Transcript

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

Q1: 2026-05-28 Earnings Summary

EPS of $0.32 beats by $0.07

 | Revenue of $120.97M (0.97% Y/Y) beats by $1.60M

PagerDuty, Inc. (PD) Bank of America 2026 Global Technology Conference June 2, 2026 5:00 PM EDT

Company Participants

Jennifer Tejada – Executive Chair of the Board
John DiLullo – CEO & Director

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Conference Call Participants

Koji Ikeda – BofA Securities, Research Division

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Presentation

Koji Ikeda
BofA Securities, Research Division

Hi, everybody. My name is Koji Ikeda. I am one of the software analysts here at Bank of America on the research side. I am thrilled to have Jennifer Tejada, Executive Chair.

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Jennifer Tejada
Executive Chair of the Board

Yes.

Koji Ikeda
BofA Securities, Research Division

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It’s the right title now, John Duo.

John DiLullo
CEO & Director

DiLullo.

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Koji Ikeda
BofA Securities, Research Division

DiLullo, who is the new CEO of PagerDuty. Thanks so much for doing this. Super appreciate it. So there is a CEO succession plan going on here. .

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Question-and-Answer Session

Koji Ikeda
BofA Securities, Research Division

I guess first question, maybe to Jen, why did you feel now is the right time to make this succession? And then, John, I’m going to ask you a couple of questions.

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Jennifer Tejada
Executive Chair of the Board

Yes. Thank you for the question. Well, now is the right time because of really two things. One, we felt that we’ve stabilized the retention — some of the retention challenges that we’ve seen in the business. And we’re starting to see growth levers accelerate. So whether you look at 5 consecutive quarters of more than 600 new logos, starting to see some of the green shoots that we’re seeing through our pricing transition going from a seat-based pricing model to a platform and usage-based pricing model, things in the business were starting to really point in a positive direction. And that gave the Board and I comfort provided we could find a great leader that we felt would be the right person to lead the company

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Fast Eddys Perth CBD site in $10m revamp plan

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Fast Eddys Perth CBD site in $10m revamp plan

The Fast Eddys site in Perth CBD has been earmarked for a seven-storey development, with a $10 million plan lodged seven years after the 24-hour restaurant closed.

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Diversified Healthcare Trust: The Worst Is Over (Upgrade)

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Diversified Healthcare Trust: The Worst Is Over (Upgrade)

Diversified Healthcare Trust: The Worst Is Over (Upgrade)

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Morning Headlines

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Morning Headlines

Big business’s rush to tap AI meets reality of rising costs

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Bayer says no plans to restructure despite litigation threat

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Bayer says no plans to restructure despite litigation threat


Bayer says no plans to restructure despite litigation threat

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Kraft Heinz Canada adds cheddar-based cheesecake

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Kraft Heinz Canada adds cheddar-based cheesecake

The cheesecake is blended with KD cheese.

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Business

Quantinuum Upsizes IPO. The Year’s Biggest Quantum Offering Is Getting Even Bigger.

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Quantinuum Upsizes IPO. The Year’s Biggest Quantum Offering Is Getting Even Bigger.

Quantinuum Upsizes IPO. The Year’s Biggest Quantum Offering Is Getting Even Bigger.

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Exclusive-SpaceX targets $1.75 trillion valuation in all-primary IPO next week, sources say

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Exclusive-SpaceX targets $1.75 trillion valuation in all-primary IPO next week, sources say


Exclusive-SpaceX targets $1.75 trillion valuation in all-primary IPO next week, sources say

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Palantir’s $369 Billion Valuation Requires Unprecedented Federal Market Share (PLTR)

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The Market Is Offering Palantir Stock On A Golden Platter (NASDAQ:PLTR)

This article was written by

I’m a full-time investor focused on special situations and opportunistic ideas across the public equity markets. My capital is concentrated in a small number of names at any given time. I’d rather own eight to fifteen high-conviction positions than a diversified basket, and I typically hold through multi-quarter or multi-year time horizons rather than trading around short-term price action. Special situations are where I spend most of my research time: spinoffs, post-bankruptcy equities, recapitalizations, activist setups, complex capital structures, forced-seller dynamics, and underfollowed micro- and small-caps where the market is mispricing fundamentals or asymmetrically discounting future cash flows. I’m drawn to ideas where there’s a clear catalyst, where the bear case is well understood, and where information asymmetry creates a window before the broader market catches up. Sector-wise, I gravitate toward companies riding durable secular tailwinds, defense and the broader national-security supply chain, AI infrastructure (the picks-and-shovels layer more than the pure-play LLM names), space and dual-use technology, and digital transformation in legacy industries. The screen is strong unit economics, high incremental returns on invested capital, defensible moats, and management with meaningful skin in the game.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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