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Data centre and renewable investment plans at Global Centre of Rail Excellence site delayed

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The project is seeking to sell land for major data centre and energy investment to plug a funding gap for the rail testing project

How the Global Centre of Rail Excellence could look.

Plans to secure a major data centre and renewable energy investment to help fund the £400m Global Centre of Rail Excellence (GCRE) project have been pushed back. The overall project, proposed by the Welsh Government seven years ago, is earmarked for a 700-hectare site – the size of Gibraltar – at Onllwyn in the Dulais Valley.

The Welsh Government wholly-owned company behind the project, GCRE Ltd, has been in the marketplace seeking to raise £330m in private funding for the scheme, which would be the world’s first integrated testing facility for both trains and rail infrastructure equipment. The project has already secured, and is close to spending, £50m from the Welsh Government and £20m from the former Conservative UK Government to prepare the site, including the construction of an electricity substation.

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The testing facility would consist of two electrified seven kilometre looped testing tracks for rolling stock and infrastructure, both designed to operate 24/7 year-round. It would also include train storage and maintenance facilities, a control centre, a 100-bedroom hotel, as well as training and research and development functions.

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A later phase, outside of the £400m fundraising package, could also see the development of a rail-related technology park, potentially funded privately.

Fundraising efforts initially focused on securing equity and progressed to talks with three potential investors, including one Middle Eastern investor. When a deal failed to materialise, GCRE entered into advanced negotiations with a long-term debt funder. While confident of closing a deal, the proposed investor – which was also seeking a guarantee from the Welsh Government on its lending – opted at a late stage not to proceed. Whether the project is funded by debt, equity, or a combination of the two.

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Ultimately the market determines what amount it is prepared investment. While there is interest, and GCRE Ltd are confident of the testing facility becoming profitable in its early years, there is not the risk appetite to commit £330m, so at present further government funding will be required.

To help narrow the funding gap, GCRE last year sought an energy and data centre partner (EDCP) through an invitation-to-tender process, with the aim of securing a preferred developer before the Senedd election in May. However, the initial timeframe for expressions of interest was deemed too short by interested parties to develop comprehensive proposals for the site. As a result, a new invitation to tender, through Sell2Wales, has been launched with a deadline of March 10.

GCRE site.

GCRE Ltd envisages it will be in a position to take forward three shortlisted bidders in the summer. Following detailed dialogue, a preferred investor – assuming a deal can be struck – is expected to be confirmed by the end of the year. Any land deal, which is most likely to be with a developer that would then strike agreements to bring in data centre and renewable energy operators, is expected to generate tens of millions of pounds towards the rail testing facility.

The current Labour administration remains supportive of the project and has indicated a willingness to provide additional funding to close any gap. However, it would be for the next Cardiff Bay administration to decide whether to take the project forward.

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If the required funding is secured, the company status of GCRE Ltd may also need to be changed to ensure it is not viewed by the UK Treasury as being part of the Welsh Government accounting framework.

Otherwise, private investment could be treated as part of the Welsh Government’s block grant, meaning an equivalent amount would need to be held in reserve. While this is ultimately a matter of classification for the Office for National Statistics, one potential solution would be for GCRE to become a community interest company.

Simon Jones CEO of GCRE Ltd.(Image: John Myers)

Chief executive of GCRE Ltd, Simon Jones, said: “The last few weeks have been very encouraging, as we have seen the significant interest there is from the commercial market in the GCRE site as a location for high-quality renewable energy and data centre infrastructure.

“What’s clear, however, is that more time is needed for bidders to develop their proposals. That has meant we have taken the decision as a company to extend our partner search and give everyone in the market more time to put forward proposals.

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“That is why we have issued a new invitation to tender with an extended timeline, allowing that interest to crystallise into firm proposals. We had originally hoped to appoint a partner by the end of the current Senedd term, but that has not been possible, and so we have extended the time available into 2026.

“The opportunity for a long-term partnership with GCRE is a unique one. The site’s size, power grid and telecoms connectivity make it very appealing for the development of renewable energy assets and data centre infrastructure. Both 132kV and 400kV power lines cross the GCRE site, with high-quality fibre connectivity being progressed for the area.

“It’s right that we take the time to find the correct partner. Energy and data centre infrastructure at GCRE will help raise the economic profile of the site, which is very important as we continue our search for private investment for the rail project.”

The rail centre has received expressions of interest from more than 200 firms looking to utilise its facilities, including Network Rail, Transport for Wales, and leading train manufacturers such as Hitachi and its Spanish rival Construcciones y Auxiliar de Ferrocarriles (CAF), which has a train manufacturing plant in Newport.

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An economic assessment by professional services firm PwC suggests that over ten years – excluding the planned later phase, the Sarn Helen Technology Park – GCRE could create 1,100 permanent jobs, with a £300m gross value added (GVA) impact on the local area and £1.2bn over its lifetime. The project has also been forecast to generate a 15-fold economic return for every £1 invested.

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CDZ:CA – Don’t Bother With This High Fee, Undifferentiated ETF (TSX:CDZ:CA)

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CDZ:CA - Don't Bother With This High Fee, Undifferentiated ETF (TSX:CDZ:CA)

This article was written by

With over three years of finance and consulting experience, Nikola is laser focused on finding value in North American public equities and ETF’s. His professional experience includes corporate credit risk analysis, consulting for government entities, and venture capital analysis in the med-tech space. More recently, Nikola has helped investors narrow down better options for ETF’s – every asset manager seems to have similar offerings these days. Nikola is not a licensed financial advisor and nothing in his commentary here on Seeking Alpha should be regarded as advice. All of his opinions are his own, and not on behalf of any other entities.

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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Newcastle student Henrietta turns A Level idea into innovative animal health tech start-up

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The mechanical engineering student has already raised thousands of pounds for the idea, and secured premises

Henrietta is said to have been entrepreneurial from an early age.

Mechanical engineering student Henrietta Newble has launched an animal health tech start-up.(Image: Newcastle University)

A young entrepreneur who is studying at Newcastle University has launched an animal health tech start-up that has raised £40,000 early stage funding.

Henrietta Newble, a 19 year-old mechanical engineering student who is originally from Cambridge, is now in the process of raising a further £80,000. Her company, AnFiTest, provides rapid diagnostics for vets and aims to prevent major nutrition-based animal diseases.

The horse and livestock-focussed start-up aims to address what it says is a lack of fast, accessible and reliable on-site diagnostics for animal health. Its portable device intends to replace slower laboratory testing and more subjective assessments by vets.

Ms Newble has been building businesses since primary school, with her ventures including a computer-aided design company and the launch of a T-shirt business when she was just 10 years-old. What began as an A-level project, AnFiTest is now ready to market.

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She said: “It was a rudimental project, but it gave me time to do initial market research, then I was told I should keep going with it.”

AnFiTest is a portable veterinary diagnostics platform.

Henrietta Newble, who has launched AnFiTest.(Image: Newcastle University)

Ms Newble’s introduction to engineering came via a scholarship and work experience placements, for which she earned awarded. Having briefly considered architecture as a career she chose mechanical engineering at Newcastle University because of its specialist masters pathway, along with the city’s wider reputation for innovation.

She attended a Newcastle University START UP Pitching workshop, where she chose to present her A Level idea. It grabbed the attention of the START UP team and from there she found mentors across the university – including chemists who helped her develop early prototypes.

Ms Newble added: “Newcastle University’s START UP team gave me the confidence and the structure to turn an idea into a real company. I’ve built networks, accessed labs, secured funding and been supported every step of the way.”

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About 12 months ago, she took part in Innovate UK’s Growth and Scale programme, raising £40,000. She has now secured premises with laboratory space and offices.

AnFiTest has also created work experience opportunities for other Newcastle University students, taking on four interns through the NCL Internships programme. The firm has now appointed a research and development director with a PhD from Oxford University.

Claire Adamson, senior manager for entrepreneurship and start-up at Newcastle University, said: “Henrietta is a fantastic example of what can happen when early curiosity is matched with the right support. From the moment she pitched her idea, it was clear she had both technical ability and the drive to build something impactful. Our role is to help students like Henrietta turn promising ideas into viable businesses, and she has embraced every opportunity.

“As a female STEM (Science, Technology, Engineering, and Mathematics) student launching an innovative product into a growth sector, Henrietta serves as an important role model to others. We’re incredibly proud to support her journey.”

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Prof Jane Robinson, Newcastle University’s pro-vice-chancellor business, partnerships and place, added: “We are proud of Henrietta’s success – she is an example of what is possible when talent, purpose and ambition come together. With the right support in a university setting, ideas grow and budding entrepreneurs can discover what they’re capable of.

“We encourage our students and graduates to take the first step and are here to support them to turn their ideas into thriving businesses. Their drive and ambition positively benefit our communities, industries and the North East economy.”

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Form 144 TRIMBLE INC. For: 10 February

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Despite production challenges, Ingredion income rises

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Despite production challenges, Ingredion income rises

Clean label ingredients boost Texture & Healthful Solutions segment.

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First U.S. Cross-Country Medal in 50 Years at Milano Cortina

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Ben Ogden
Ben Ogden
Ben Ogden

Ben Ogden etched his name into United States Olympic history, capturing silver in the men’s 15 km classic individual start at the Milano Cortina Winter Games — the first medal for an American man in cross-country skiing in 50 years. The 24-year-old Vermonter’s breakthrough performance ended a half-century drought and instantly made him one of the breakout stars of these Olympics.

Here are 10 things you must know about Ben Ogden, the skier who just changed the trajectory of American cross-country forever.

  1. Small-Town Vermont Roots Born Sept. 18, 2001, in Rutland, Vermont, Ogden grew up in the tiny hamlet of Landgrove (population ~150). He learned to ski on the groomed trails behind his family home and joined the nearby Stratton Mountain School at age 12. The remote, snowy environment and tight-knit ski community shaped his early work ethic and love for classic technique — the slower, kick-and-glide style that demands precision and endurance rather than raw speed.
  2. Late Bloomer Who Defied Early Expectations Unlike many elite skiers who dominate junior nationals by age 15, Ogden was not an early phenom. He didn’t win his first U.S. national junior title until age 18 and was considered a solid but unspectacular prospect. What set him apart was consistency: he rarely missed training days, even in brutal Vermont winters, and steadily climbed through the U.S. Ski Team development pipeline.
  3. Switch from Sprint Specialist to Distance Threat Ogden initially focused on sprint racing — shorter, explosive events that reward anaerobic power. But after finishing 7th in the 15 km classic at the 2023 Oberstdorf World Championships (best U.S. result in the event since Bill Koch), coaches shifted his emphasis to distance. The decision paid off: by 2025 he was regularly finishing top-10 in World Cup 15 km and 30 km races.
  4. First U.S. Men’s Individual Cross-Country Olympic Medal Since 1976 Bill Koch’s silver in the 30 km at Innsbruck 1976 had stood alone for half a century. No American man had reached an individual cross-country podium since — until Ogden’s bronze on Feb. 11, 2026. Jessie Diggins won individual sprint gold (2018) and team sprint medals (2018 & 2022), but the men’s individual distance drought was one of the longest in any Olympic endurance sport.
  5. Training Partnership with Jessie Diggins & the Craftsbury Green Team Ogden trains primarily with the Craftsbury Green Racing Project in Vermont — a unique athlete-owned cooperative that emphasizes community, sustainability and long-term development over quick results. He frequently shares workouts and recovery sessions with Olympic champion Jessie Diggins, who has publicly called him “the most consistent skier I’ve ever trained with.”
  6. Technical Mastery & Signature Style Ogden is known for textbook classic technique: powerful kick double-pole transitions, efficient weight transfer and exceptional glide on flats. His coaches credit endless hours on rollerskis and hill repeats for his form. In the 15 km race he used classic herringbone technique flawlessly on steep climbs and maintained composure even when temperatures dropped to −14°C (7°F), conditions that caused several top skiers to struggle with grip.
  7. Injury History & Mental Resilience Ogden battled a stress fracture in his tibia during the 2022–23 season and a bout of overtraining in 2024 that forced him to miss several World Cup starts. He has spoken openly about working with a sports psychologist to manage performance anxiety and perfectionism — traits common among endurance athletes. “I used to think every bad workout meant I wasn’t good enough,” he said in a 2025 interview. “Now I trust the process.”
  8. Off-Snow Personality & Social-Media Presence Despite his reserved demeanor in interviews, Ogden is engaging on Instagram (@benogden_ski) and TikTok, where he shares training clips, Vermont farm life, and lighthearted moments with teammates. He’s known for dry humor and a love of classic rock — he frequently skis to Led Zeppelin playlists. Fans appreciate his authenticity in an era when many athletes heavily curate their image.
  9. Role in U.S. Ski Team’s Cultural Shift Ogden represents a new generation of American cross-country skiers who train full-time, live the professional lifestyle and expect podium results. He has been vocal about the need for better waxing resources, altitude camps and mental-health support — changes the U.S. Ski & Snowboard federation has gradually implemented. His medal validates that investment and inspires younger athletes in a sport long dominated by Scandinavia.
  10. Looking Ahead: Relay, 50 km & Milano Cortina Legacy Ogden is scheduled to race the men’s 4×10 km relay (Feb. 14) and the 50 km mass-start classic (Feb. 19). With his form and confidence, he gives the U.S. men a realistic shot at a relay medal — something no American team has achieved since 1976. Regardless of what happens next, his bronze already stands as the defining moment of the U.S. cross-country program’s resurgence.

Post-race, Ogden dedicated the medal to Bill Koch — the only other American man to win an individual Olympic cross-country medal — and to every coach and teammate who believed the U.S. could compete with Norway.

“I hope this shows kids in Vermont, in Minnesota, in Alaska — anywhere with snow — that you don’t have to be Norwegian or Swedish to win,” he said. “You just have to show up every day and believe it’s possible.”

For the first time in half a century, an American man stands on an Olympic cross-country podium. Ben Ogden made sure of it — and he’s just getting started.

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Timken Co stock reaches all-time high at 109.51 USD

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Kroger names new CEO

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Kroger names new CEO

Greg Foran steps into the retailer’s leadership role.

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American Airlines flight attendants, pilots rebuke airline’s leadership

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American Airlines flight attendants, pilots rebuke airline's leadership

American Airlines’ leadership is facing a rare public rebuke from within its own ranks as the unions representing flight attendants and pilots have publicly questioned and criticized CEO Robert Isom’s leadership.

The Association of Professional Flight Attendants (APFA) on Monday issued a vote of no confidence in Isom. The union, which represents more than 28,000 American Airlines flight attendants, noted the vote of no confidence was the first in its history against an American Airlines CEO. 

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In an announcement about the vote, the APFA said “management decisions” have left American Airlines “dangerously behind” its competitors. Additionally, the union said that the vote was a signal that the airline’s “largest unionized workgroup has no confidence or trust” in Isom’s leadership. The union demanded leadership change at the airline in addition to accountability and “improved operational support.”

AMERICAN AIRLINES PLANS TO RESUME NONSTOP SERVICE TO VENEZUELA

American Airlines CEO Robert Isom

American Airlines CEO Robert Isom speaks at a press conference with other officials to give updates following a collision between an American Airlines plane and an Army helicopter in Washington, D.C., on Jan. 30, 2025. (Nathan Posner/Anadolu via Getty Images / Getty Images)

American Airlines has faced challenges that have caused it to lag behind its competitors. The airline made $111 million last year, while Delta Air Lines brought in $5 billion and United Airlines earned more than $3.3 billion, according to CNBC. The outlet noted that the discrepancy comes even as American Airlines flew at a similar capacity to its competitors in 2025.

“From abysmal profits earned to operational failures that have front-line Workers sleeping on floors, this airline must course-correct before it falls even further behind,” APFA President Julie Hedrick said in a statement following the vote. “This level of failure begins at the very top, with CEO Robert Isom.”

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In response to FOX Business’ request for comment, American Airlines referred to remarks Isom made during the airline’s recent earnings call, which took place on Jan. 27.

“Our strategy to deliver on American’s revenue potential centers on four key areas: delivering a consistent, elevated customer experience, maximizing the power of our network and fleet, building partnerships that deepen loyalty and lifetime value, and continuing to advance our sales, distribution and revenue management efforts. While this has been a multi-year effort, 2026 will be the year these efforts start to bear fruit,” Isom said during the call in excerpts provided to FOX Business.

“I’ve been in this business for a long time, and I’m incredibly excited about what lies ahead for American. The foundation we built in 2025, combined with our go-forward strategy, positions us to deliver sustainable growth and create long-term value for our customers, team members, and shareholders,” he added.

AFPA cited several reasons behind its board’s unanimous vote of no confidence in Isom, including lagging competitiveness against rival airlines, excessive executive compensation despite financial losses, an allegedly botched sales strategy that tanked industry rankings and deepening operational instability.

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An American Airlines passenger plane is parked at a gate at Ronald Reagan Washington National Airport.

An American Airlines passenger plane is parked at a gate at Ronald Reagan Washington National Airport on Aug. 24, 2025, in Arlington, Va. (DANIEL SLIM/AFP  / Getty Images)

DELTA FLIGHT ABRUPTLY MAKES MIDAIR U-TURN AFTER SMOKE REPORTED FROM ENGINE

Captain Dennis Tajer, spokesperson for the Allied Pilots Association (APA) Communications Committee, told FOX Business that the pilots’ union “understands” the APFA’s “deep frustration” with Isom.

The “APA understands and respects their deep frustration with Mr. Isom’s leadership and his stewardship of American’s lack luster financial recovery to include the lack of a long-term strategy to catch Delta and United while defining an identity and positive culture for our airline. We have similar frustration,” Tajer said.

On Feb. 6, just days before AFPA issued its vote of no confidence, the APA sent a letter to the American Airlines Group Board of Directors requesting a formal meeting amid concerns about the airline’s leadership decisions. In its letter, the union noted that it represents more than 16,000 American Airlines pilots.

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“Our airline is on an underperforming path and has failed to define an identity or a strategy to correct course,” the APA’s letter read. “This assessment is not the result of a single interaction with management, an isolated operational disruption, or an individual earnings report; it is the result of persistent patterns of operational, cultural, and strategic shortcomings. Copying competitors’ initiatives and reactive repairs to the mistakes of the past is not a strategy to a future that closes the gap between American and our premium competitors, Delta Air Lines and United Airlines.”

American Airlines plane covered in snow

A Boeing 737-800 aircraft, operated by American Airlines, at Cincinnati & Northern Kentucky International Airport (CVG) in Hebron, Ky., on Friday, Feb. 6, 2026. (Bing Guan/Bloomberg via Getty Images)

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The union said that the airline’s management failed to “articulate a credible strategy and demonstrate measurable improvement,” despite the APA voicing its concerns “for more than a year.” The APA accused American Airlines leadership of praising “efficiency” while failing “to fully monetize the assets under their charge.”

“While our premium competitors’ market capitalization has soared, American’s has soured. As their free cash flow is sustained and growing, ours is inconsistent and stumbles,” the APA letter read.

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Tajer said that the APA’s leadership was continuing to “consider all the options available,” though it was focused on “seeking engagement with the American board.”

The APA said it has yet to receive a response from the board of American Airlines.

FOX Business reached out to APFA for comment.

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ON Semiconductor stock price target raised to $75 from $65 at Piper Sandler

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Ramsdens boosts profit forecast amid soaring gold prices

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Revised outlook add more than £2m to the North East chain’s expected pre-tax profits

A Ramsdens shop in the Galleries Shopping Centre, Bristol

A Ramsdens shop in the Galleries Shopping Centre, Bristol

Continued high gold prices are feeding profits at pawnbroking, jewellery and travel money chain Ramsdens.

Bosses at the Teesside-based firm have revised pre-tax profit expectations up, saying new record high gold prices in 2026 have helped boost its purchasing of precious metals business. It told investors the volume of gold bought in the new financial year, and particularly since the start of 2026, has been strong.

Ramsdens now expects pre-tax profits for the year to be more than £21m, a significant increase on the £18.6m previously expected. In 2025 the listed business posted pre-tax profits of £16.2m.

Jewellery retailing continued to perform well in stores, and online via a new website launched in recent weeks. New stores in Wakefield and Hull were also said to be trading well, with Ramsdens on track to open between eight and 12 new sites in its 2026 financial year, expanding its network of nearly 170 shops. The growth is due to support job created on Teesside, where Ramsdens expanded its head office operations in recent years.

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Investors were also told of momentum across Ramsdens’ pawnbroking operation with lending at record levels in January. Meanwhile foreign currency exchange continued in line with the first quarter with volumes flat year-on-year as customers increasingly opted for Ramsdens’ prepaid multi-currency cards.

Peter Kenyon, chief executive, said: “Ramsdens’ excellent value for money proposition continues to resonate strongly with consumers whether they’re looking for new or used jewellery, seeking the best rates for money to take abroad, looking to secure a short-term asset backed loan, or wanting to get cash for their unwanted gold. Whilst still relatively early in the financial year, as a result of the strong momentum across our business, the board now anticipates profit before tax for FY26 to be ahead of current market expectations.

“We’re making good progress in expanding our estate and are on track to open between eight and 12 new stores this year. Whilst there remain uncertainties in the wider macroeconomic backdrop, our diversified business model and strong foundations give the Board every confidence in Ramsdens’ opportunities to continue to grow and deliver for all stakeholders.”

The boosted outlook follows full year results to the end of September 2025 in which Ramsdens saw revenue grow 22% to £116.8m and an increase in operating profit from £12.4m to £17m, with pre-tax profits up 43% from £11.4m to £16.2m.

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Ramsdens said at the time that its pawnbroking loan book was worth £12.8m and that jewellery retailing – including its new and second stock and high end watches – saw profits jump 18% to £15.7m.

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