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Retirement flats planned for Bollington industrial site

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Liberty Care Developments and McCarthy & Stone Retirement Lifestyles plan care home and apartments at SMC Euroclamp site

CGI of the care home proposed for land off Albert Road at Bollington.

CGI of the care home proposed for land off Albert Road at Bollington(Image: AshtonHale )

Plans have been submitted to build retirement apartments and a care home on the site of SMC Euroclamp at Bollington.

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Liberty Care Developments Limited and McCarthy & Stone Retirement Lifestyles want to bulldoze the industrial buildings currently on the land at Albert Road to make way for 40 apartments and a 75-bed care home.

A planning statement submitted by AshtonHale on behalf of the applicant states: “The care element of the proposed development comprises 75 en suite bedrooms.

“The retirement living element includes a total of 40 apartments – 26 one-bedroom and 14 two-bedroom.

“The scheme has been designed so whilst the two elements complement and interact with each other, creating a wider community, they are also distinct and can operate separately.”

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The purpose-built retirement living property will include the 40 apartments, a communal lounge, guest suite, CCTV entry, 24-hour careline, day manager and maintained gardens.

The planning document says: “It will be bespoke accommodation for those residents that are aged 55 years and over and require supported housing in a community environment.”

It will be a three-story building and ‘set back considerably from Albert Road’.

The 2.5-storey care home will be designed to provide specialist dementia care and the 24-hour elderly nursing care required for many of the residents.

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The planning statement says: “The residents in the care home will have reached a stage where they cannot safely live in their own homes or unable to acquire the correct type of care in hospital.

“The care home is to be accessed from the eastern access and has its own car park.”

The building will front Albert Road at a similar positioning to existing built development on the site.

The application involves demolishing the buildings at SMC Euroclamp in Bollington to make way for retirement flats and a car home.

The application involves demolishing the buildings at SMC Euroclamp in Bollington to make way for retirement flats and a care home(Image: Google)

A report commissioned by the applicants states there is a need for both types of accommodation proposed.

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The planning document says the attempts to market the site for employment uses have proved unsuccessful.

It adds: “Despite the proposals resulting in a loss of employment land, the proposals would result in a marked increase in employment opportunities, specifically 61 additional FTE (full-time equivalent) jobs compared to existing operations.”

The application, number 26/2249/FUL, can be viewed on the planning portal on Cheshire East Council’s website.

The last date for submitting comments is August 5.

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To find all the planning applications, traffic diversions, road layout changes, alcohol licence applications and more in your community, visit the Public Notices Portal.

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Glamping couple sue Britvic over Magic Mushroom Cabin photo

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Glamping couple sue Britvic over Magic Mushroom Cabin photo

A Northamptonshire couple who run a fairytale-style glamping retreat are taking soft drinks giant Britvic to court, claiming the J2O maker used a photograph of their cabin without permission to promote a national competition.

Amanda and David Robinson, who rent out the Magic Mushroom Cabin in the grounds of their home in Dodford, allege in High Court documents that Britvic, which also makes Robinsons squash and Tango, used an image of the cabin taken by Mrs Robinson in 2017 to promote a competition offering a “unique summer hangout” as its prize. The photograph is said to have appeared on the company’s competitions page and in advertising between July and October last year.

The couple are asking the court to declare that Britvic infringed their copyright and to award damages, including £6,552 for lost profits and a further sum reflecting the fee they would have charged for use of the image. A hearing in the claim is yet to take place.

Britvic has admitted using the photograph but denies that the Robinsons’ authorisation was required.

Iain Connor, intellectual property partner at national law firm Michelmores, says the case is a sign of how accessible copyright enforcement has become for small claimants.

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“Claims enforcing photographers’ rights have been democratised by the small claims track of the UK’s Intellectual Property Enterprise Court, which provides a low cost route to stop infringement and get damages. This means claimants can bring a claim with very little downside risk in terms of adverse costs awards,” he said.

The IPEC small claims track handles intellectual property disputes worth £10,000 or less, with short, informal hearings in which the losing party seldom pays the winner’s costs, a structure designed with individuals and smaller firms in mind.

Connor warns that businesses using unlicensed images face growing exposure. “Online search tools make finding infringing content really easy and so anyone using an image without a licence is at risk of a claim from one of very many ‘licence compliance’ organisations, which usually demand somewhere in the region of £500 to £1,000 per photo.”

As for Britvic’s defence, he is unconvinced. “First, Britvic is asking the Robinsons to prove that they have title to the photo, which should not be too difficult for the claimants, and second that authorisation to use the photo was not required. Both defences seem doomed to fail. Since Britvic admits using an image, it is impossible to see how it has any chance of demonstrating that the claimant’s authorisation was not required; this is copyright 101.”

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What sets the claim apart, Connor says, is the way the Robinsons have framed their losses. “It appears that the claimants want compensation relating to the underlying business featured in the photo rather than a licence fee for the use of the photo. The claimants will say that as they don’t licence photos for a living, unlike professional photographers, there is no benchmark licence fee for the use, and so the claim must relate to the harm to their glamping business. This is where Britvic might do a little better in defending the ‘quantum’ of the claim at the level demanded by the Robinsons. However, ultimately Britvic will have to pay something to the Robinsons.”

Under the Copyright, Designs and Patents Act 1988, copyright arises automatically when a photograph is taken, with no registration needed, which is precisely why cases like this catch big brands out.

For small firms, the case cuts both ways. Owners of glamping businesses and other image-led ventures should take heart that the courts offer a genuinely affordable route to enforce their rights. Equally, any business borrowing images for marketing, however innocently, should treat this as a reminder that protecting intellectual property, and respecting other people’s, is not a nice-to-have. As we have reported before, brand protection and IP matters for even the smallest enterprise.


Amy Ingham

Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.

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Yum! Brands stock hits all-time high at 169.71 USD

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Yum! Brands stock hits all-time high at 169.71 USD

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The latest equity deals in Welsh business

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Companies feature include Coaches’ Voice, Monex, Breaking Change and Maid to Help Cleaning Specialists

The £50m equity fund of the Cardiff Capital Region has backed the growth plans of football education and digital coaching platform Coaches’ Voice.

Working with coaches, clubs, leagues and governing bodies across the global game, Coaches’ Voice delivers expert‑led insight, digital learning tools and specialist education to help coaches develop, adapt and succeed at every level of football, from grassroots pitches to the international stage.

Left to right: Rob Franklin FAW, Kellie Beirne chief executive of the Cardiff Capital Region, David Sciama Coaches’ Voice and Rob Asplin PwC.

Co‑founded by David Sciama and Peter Kenyon, Cardiff-based Coaches’ Voice supports more than 4,000 football organisations worldwide, delivering over one million learning hours each year. The business is increasingly focused on widening access to coaching education and strengthening football at the community level, with Wales central to its future growth.

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Chief executive Mr Sciama, said: “As the world enjoys a summer of football, this investment allows us to expand our presence in South East Wales and support the grassroots coaches who underpin the game. Visibility at the top level always inspires participation, and with great coaching available, that is what sustains the interest in communities across Wales.”

A key driver of Coaches’ Voice’s impact in Wales is its partnership with the Football Association of Wales (FAW) through Coach Cymru, which provides ongoing cotinued professional development support for FAW-qualified coaches.

Mr Sciama added: “With 4,500 coaches already active in Wales, we expect this figure to grow significantly over the next 18 months. It is through our close relationship with FAW that gives Coaches’ Voice a meaningful and growing role in the continued development of Welsh football.”

Rob Franklin, FAW’s head of coach education, said: “Supporting coaches is essential to sustaining growth at every level. Through our work with Coaches’ Voice via Coach Cymru, we’re expanding access to high-quality, digital coaching content that supports learning anytime, anywhere.

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“This allows us to connect coaches across Wales with the latest insights, techniques and best practice from the global game. By using accessible, modern learning tools, we’re helping to raise standards, strengthen the coaching pathway and ultimately support the development of coaches and players across the country.

The Cardiff Capital Region’s Innovation Investment Capital (IIC) fund is manged by Capricorn Fund Managers.

Chief executive of the Cardiff Capital Region, Kellie Beirne, said:“There is now a real opportunity to capture national attention and support greater coach participation across every level of the game. Football has the unique power of connecting communities and Coaches’ Voice is helping ensure that coaches across South East Wales have access to the best learning and support they need to nurture that enthusiasm.

This investment is about creating lasting value, strengthening communities and helping this and future generations benefit from better coaching, stronger support and wider access to football education.”

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Lynda Stoelker, Capricorn Fund Managers’ chief operating officer and chair of the IIC investment committee, added: “Coaches’ Voice is a strong fit with IIC’s investment philosophy of backing innovative, high-growth businesses that have the potential to create lasting impact in the Cardiff Capital Region.”

PwC provides investment research and sourcing to Capricorn.

Rob Asplin, PwC partner, said: “Coaches’ Voice stood out as an investment opportunity because of its blend of premium content, digital capability, commercial relevance and international market potential, alongside a clear commitment to growing its regional presence.”

Breaking Change

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Left to right: Ben Laws, co-founder and chief technology officer of Breaking Change; Jonathan Quinn, co-founder and chief executive of Breaking Change and Tom Linney, investment executive at the Development Bank of Wales.

A Chepstow-based technology firm focused on the global games industry has secured more than £1m in funding to support its drive to commercialisation.

Breaking Change is developing software infrastructure that helps game studios model, simulate and maintain the complex systems that underpin modern games, such as vehicles, weapons, progression and economies, more quickly, safely and efficiently.

The platform combines simulation technology with AI-assisted authoring, helping studios build deeper gameplay systems without relying on months of bespoke engineering.

The funding package includes £735,000 in equity investment, led by the Development Bank of Wales and Haatch, alongside an Innovate UK Growth Catalyst grant.

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The development bank’s technology venture investments (TVI) team has invested £350,000 from the Wales Flexible Investment Fund (WFIF), with Haatch contributing £285,000. The remaining equity investment includes participation from Saola Ventures and prominent games industry business angel Dr Tomas Rawlings.

The funding will enable the company to expand its team, progress its simulation and AI R&D, and begin piloting its technology with studios later this year as it prepares for wider commercial rollout.

Dr Jonathan Quinn, co-founder and chief executive of Breaking Change, said: “The games industry is at a real inflection point. Player expectations are rising, but the tools available to studios haven’t kept pace with the complexity of modern games.

“Our platform is designed to remove some of the biggest technical barriers, helping studios build richer, more dynamic experiences while reducing the risk and cost of development. This funding package allows us to advance the platform, move into real-world pilots, and work directly with studios to prove that value.

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“I also gratefully acknowledge earlier grant and programme support from Media Cymru, Innovate UK and the UK Games Fund, alongside founder backing from the Royal Academy of Engineering. This support has also been instrumental in the company’s growth to date and in building the foundations for its next phase.”

Dr Quinn previously held senior roles at Aardman, Dovetail Games and Reach Robotics, where he helped deliver internationally recognised products and supported multi-million-pound fundraising. He is joined by co-founder and chief technology officer Ben Laws, alongside senior engineers James Munro and Ivo Hinov, who bring expertise in real-time systems, simulation and game development.

Tom Linney, investment executive at the Development Bank of Wales, said:“Breaking Change is an exciting example of a Welsh-based technology company with global potential. The team brings a strong track record and deep technical expertise in a sector that is evolving rapidly.

“We’re delighted to support the business as they look to redefine how complex game systems are built and maintained. The team has a compelling vision and the technical capability to execute it, and we look forward to seeing their technology adopted by studios in the months ahead.”

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Maid to Help Cleaning Specialists

left to right: BCRS Business Loans business development manager, Niki Haggerty-James and Samantha Howells, founder of Maid to Help Cleaning Specialists..

Facilities management company Maid to Help Cleaning Specialists has secured £150,000 in funding from BCRS Business Loans to support a key acquisition as part of its continued growth strategy across the UK.

The funding package consists of £75,000 from the Community Investment Enterprise Fund 2 (CIEF2) and £75,000 from the British Business Bank’s Investment Fund for Wales (IFW), has enabled the acquisition of Mid Wales-based Hafren Services.

The expansion strengthens Maid to Help Cleaning Specialists’ operational footprint across Wales

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Founded in 2014 by Samantha Howells, the business began in Caerphilly with just one employee. Since then, it has grown into an award-winning professional facilities management company, which employs over 100 trained operatives that work to provide facilities management services in the commercial space, from NHS sites and gyms to schools and construction environments.

The expansion represents a key milestone in Maid to Help Cleaning Specialists’ growth strategy. By strengthening its regional footprint and securing an established client base in Mid Wales, the business is now well positioned to tender for larger, national contracts and build long-term partnerships.

Samantha Howells, founder of Maid to Help Cleaning Specialists, said: “We’re really excited to bring Hafren into the Maid to Help Cleaning Specialists group to further our growth, as we look to scale both organically, and through acquisition. The team has built a strong, reputable business, which will allow us to continue that success while strengthening our presence across Wales.

“With an expanded team, we have doubled our capacity which has strengthened our foothold across Wales, and allows us to target other areas of the UK.”

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Business development manager at BCRS Business Loans, Niki Haggerty-James, said: “We’re proud to support Maid to Help Cleaning Specialists as it continues to grow and create opportunities across the UK. This funding will help the business strengthen its operations, and with an expanded team, Maid to Help Cleaning Specialists is well positioned to continue scaling its operations.”

Bethan Bannister, senior investment manager, nations and regions investment funds at the British Business Bank, said:“Maid to Help Cleaning Specialists’ growth journey demonstrates the impact that targeted funding can have in enabling businesses to compete for larger contracts across a wider geographic footprint.

“We’re pleased to support the company as it continues to build on its strong momentum, and this latest investment from the Investment Fund for Wales highlights our commitment to helping businesses across Wales as they scale and create new opportunities.”

Monex Group

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Monex

Newport-baed Monex Group has strengthened its UK footprint with the acquisition of a 45% stake in A J Ostridge (Transport) , a long-established, family-run haulage business based in Maldon, Essex.

Founded more than 25 years ago, A J Ostridge Transport has built a strong reputation across the general haulage sector, providing container movements, road transport services and outdoor storage solutions to customers across the region.

The business has been led by Alan Ostridge alongside his wife, growing into a trusted local operator with a fleet of around 15 vehicles and a team of approximately 20 employees, all of whom remain in place as part of the transaction.

The partnership marks Monex Group’s first strategic move into the east of England, supporting its continued growth as a UK-wide transport and logistics provider. The Group, headquartered in South Wales, delivers road transport, warehousing, and specialist logistics services through a growing portfolio of businesses across the UK and internationally.

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The initial investment forms the first stage of a wider acquisition, with Monex Group providing financial, commercial and operational support to help drive the next phase of growth for A J Ostridge Transport, while preserving its family-run ethos and local expertise.

Customers of both businesses are expected to benefit from enhanced national coverage, increased flexibility and expanded service capabilities, as the Maldon-based operator integrates into the wider Monex network.

Matthew Elms, commercial Ddrector, Monex, said: “We are delighted to welcome A J Ostridge Transport into the Monex Group. This is exactly the kind of business we look for and align with; a well-respected, family-run operator with deep local roots, a loyal customer base and a strong reputation for quality service.

“This investment represents an important step in our strategic expansion into the East of England. By combining A J Ostridge Transport’s local knowledge and expertise with the scale, infrastructure and support of the Monex Group, we can create new opportunities for growth while continuing to deliver the high standards customers expect.

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“Crucially, this partnership is about building on what is already a successful business. Alan and his team have created something to be proud of over many years, and we are committed to supporting them to take it to the next stage of its journey.”

Alan Ostridge, director of A J Ostridge Transport, added: “This is an exciting step for our business. We’ve spent over two decades building a company we’re proud of, alongside our team, and joining forces with Monex allows us to grow while keeping the values that matter most to us.

“With the backing of the Monex Group, we can invest further in our fleet, our people and our services, giving even greater confidence to our customers as we look to the future.”

The deal, the value of which has not been disclosed, reflects Monex Group’s continued strategy of partnering with established haulage businesses across the UK, supporting their growth while strengthening its position as a leading family-owned logistics group.

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M&A deal figures for Wales

The number of merger and acquisition deals in Wales and their value have fallen, shows new research from Experian.

Its latest MarketIQ M&A review for the first quarter of the year (Q1) shows there were 61 deals with a combined value of £245m in Wales. This compared to 66 in Q1 of 2025 with a value of £1.1bn. On value the biggest deal was the £80m acquisition by Admiral of London-based telemetry fleet insurer Flock.

Other sizeable deals included a £47m fund raise by Wrexham Football Club. The largest debt deal was £65m secured by Bangor-based housing association Adra from HSBC to support investment and expansion of its housing portfolio.

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Firms using cash reserves and existing funds remained the primary sources of funding for deals in Wales – supporting 33 and 27 transactions, respectively. Debt funded activity increased modestly, with ten transactions completed during the quarter, compared with seven a year earlier.

The aggregate value of these deals rose to £78m, signalling increased confidence in the use of leverage to support investment and growth strategies. Private equity and venture capital activity recorded 22 transactions completed, up from 16 last year. This included 19 venture capital investments and three investor or secondary buy-outs.

For the UK as a whole the Development Bank of Wales, which is wholly-owned by the Welsh Government was the most active investors for M&A deals across the UK in the quarter, with equity and debt provision, with eight deals, followed by LDC (7), and six each for the British Business Bank, Maven Capital, Mercia, Techstart and the Business Growth Fund (BGF).

While the development bank has made returns from equity investments from exits it has also recently incurred significant losses – which is factored into any investment portfolio. Earlier this year it was impacted by the collapse of Swansea medtech venture Calon Cardio-Technology, which was established by Marc Clement, and Cardiff-based tech venture Amplyfi. It had made historical investments in both firms.

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HCR Law was ranked first for legal advice on deals in Wales with eight. For corporate advisory Azets was top with four.

Cabinet Minister for Enterprise, Connectivity and Energy, Adam Price, who is carrying out a review into the development bank’s financial offer, that ranges from debt to equity, to assess if there any funding gaps to support the growth of indigenous firms, said: “An important part of our missions to half the productivity gap with UK is to make Wales the easiest place in the UK to start, grow and invest in a business. Access to investment is vital to achieving that.

“The Development Bank of Wales continues to play a vital role in strengthening investment across our economy. At a time when markets remain selective, it is encouraging to see the bank recognised as one of the most active investors in the UK by deal volume, and continuing to support a wide range of businesses.”

Rhian Elston, group investment director at the Development Bank of Wales, said:“ Being recognised as the most active investor in the UK by deal volume is a significant achievement, but what matters most is what that activity represents for Welsh businesses and the wider economy.

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“The Experian report highlights a positive picture for Wales, with increasing levels of venture capital, private equity and debt finance being deployed across the country. That points to a funding ecosystem that is becoming stronger, more diverse and better equipped to support business growth.

“Our role is to provide flexible, patient capital while working alongside banks, private investors, advisers and other partners to increase the overall supply of finance available to Welsh businesses. By combining public purpose with commercial discipline, we can help businesses scale, innovate and retain value in Wales.

“Many of the businesses we support go on to attract further investment as they grow. Avantis Group is a strong example of that journey. We were proud to support the original management buy-out and it is encouraging to see the business continue to attract investment and expand into new markets.

“As a trusted delivery partner, our focus remains on helping businesses start, grow and scale while building a stronger, more productive Welsh economy. That means supporting innovation, creating jobs, encouraging Welsh ownership and ensuring businesses across all parts of Wales can access the finance they need to succeed.”

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Rivian stock falls 12% amid plans to sell 75 million shares

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Rivian stock falls 12% amid plans to sell 75 million shares

A motherboard from one of Rivian’s all-electric vehicles.

Michael Wayland / CNBC

Rivian Automotive stock plunged 13% during early trading on Tuesday after the electric vehicle maker announced a public offering of 75 million shares of its Class A common stock.

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The capital raise occurred during extended hours trading after Rivian shares rose 8.1% on Monday. The stock also increased 19% last week.

Based on Monday’s close of $20.14 per share, Rivian would raise roughly $1.51 billion with the offering. Rivian ​said in a filing that it plans to use the proceeds ​to fund equity contributions as part of a loan ⁠agreement with the U.S. Department of Energy.

Rivian said in the public filing that it intended to grant underwriters an option for a period of 30 days to purchase up to an additional 11.25 million shares.

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The raise follows Rivian suspending plans for a 2027 profitability target due to an expected spike in research and development spending for autonomy and next-generation vehicle technologies.

It also comes as Rivian is launching its new R2 midsize SUV, which the company hopes will lead it to profitability toward the end of this decade.

Rivian also pre-released some second-quarter results in a separate public filing. The company estimated revenue to be between $1.55 billion and $1.65 billion during the second quarter, above average analyst estimates compiled by LSEG of $1.45 billion.

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Its cash, cash equivalents and short-term investments balance was an estimated $5.3 billion, up from $4.8 billion to end the first quarter, according to the filing.

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Building regulator moves to cut ‘phoenixing’

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Building regulator moves to cut ‘phoenixing’

The state government has moved to curb “phoenixing” by banning building companies that have been linked to financial mismanagement, in light of a recent tribunal decision.

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Planning investments in midcap mutual funds? Check these 5 funds with over 20% gain in 3 years

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Planning investments in midcap mutual funds? Check these 5 funds with over 20% gain in 3 years

Five midcap mutual funds delivered over 20% annualised returns in the past three years, led by HSBC Midcap Fund at 26.3%, highlighting strong wealth creation despite market volatility.

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France and Argentina Have the Best Odds to Meet in the World Cup 2026 Final, Bookmakers Currently Say

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Will Real Madrid target Kylian Mbappe be lining up alongside Lionel Messi at Paris Saint-Germain this season?

With the World Cup’s quarterfinal picture now largely set, bookmakers and prediction models have identified France and Argentina as the two teams most likely to reach this year’s final, a projection based on both nations’ strong outright title odds and their positioning on opposite sides of the tournament bracket.

According to odds published via FanDuel Sportsbook as of July 6, France remains the outright favorite to win the tournament at +175, meaning a $10 bet would return $27.50 total. Spain sits second at +330, followed by Argentina at +450 and England at +500. Norway, Colombia, Belgium, Morocco, Switzerland and Egypt round out the field with considerably longer odds, ranging from +1800 for Norway up to +25000 for Egypt.

The reason France and Argentina stand out as the most likely finalists comes down to bracket structure rather than head-to-head odds alone. The tournament’s knockout bracket is split into two separate halves, with the winners of each half advancing to face one another in the final. France sits in the top half of the bracket alongside Spain, meaning the two European heavyweights, currently the tournament’s first and second favorites, are on a collision course to meet each other in the semifinal round rather than the final itself. That dynamic effectively makes France the strongest single team positioned to emerge from that half of the bracket, given its status as the tournament’s overall favorite heading into its quarterfinal matchup with Morocco.

Argentina, by contrast, sits in the bottom half of the bracket alongside England, Norway, Egypt, Switzerland and Colombia. With odds of +450, Argentina holds a narrow edge over England’s +500 as the most likely team to emerge from that half of the draw and reach the final. That positioning means Argentina and France, rather than Argentina and Spain or England and France, represent the most statistically probable pairing to meet in this year’s championship match, according to current bookmaker projections.

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France’s path to the final begins with a quarterfinal matchup against Morocco on Thursday, July 9, in Boston. France reached this stage after posting an unbeaten group-stage campaign followed by knockout wins over Sweden and Paraguay, with Kylian Mbappe continuing to anchor the team’s attack as one of the tournament’s leading scorers. Morocco, meanwhile, advanced by eliminating co-host Canada 3-0, becoming the first African nation to reach back-to-back World Cup quarterfinals following its historic run to the semifinals in 2022. Should France advance as expected, the team would face the winner of Spain’s quarterfinal against Belgium in the semifinal round, a matchup that would pit the tournament’s top two favorites against one another before either could reach the final.

Argentina’s route runs through a different set of contests. The two-time defending champion faces Egypt on Tuesday in Atlanta, a highly anticipated matchup pairing Lionel Messi against Mohamed Salah. Argentina advanced to this stage after needing extra time to eliminate tournament debutant Cape Verde in the Round of 32, while Egypt reached the Round of 16 for the first time in 92 years on the strength of a penalty shootout win over Australia. Should Argentina advance past Egypt, the team would then face the winner of Tuesday’s other remaining fixture between Switzerland and Colombia in the quarterfinal round, before a potential semifinal matchup against the winner of Norway’s quarterfinal against England.

England’s path has also strengthened considerably in recent days. According to ESPN’s betting coverage, England’s outright title odds improved from 10-1 to +520 following the team’s dramatic 3-2 win over co-host Mexico, moving the Three Lions ahead of every team except France and Argentina in the outright market. Norway’s odds similarly surged from 45-1 to 17-1 after the team’s stunning 2-1 upset over five-time champion Brazil, reflecting the growing belief among bookmakers that Norway, led by tournament co-leading scorer Erling Haaland, could make a deeper run than initially expected.

Prediction market data has told a broadly similar story. Analysis from TNT Sports noted that France’s odds have solidified since the team’s knockout-stage wins over Sweden and Paraguay, reinforcing its position as the clearest favorite remaining in the tournament. Meanwhile, Spain’s odds improved further following its 1-0 win over Portugal in the Round of 16, a result that also marked the end of Cristiano Ronaldo’s storied World Cup career, though Spain’s position on the same half of the bracket as France means the two nations cannot both reach the final under the tournament’s current knockout structure.

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It is worth noting that outright odds and bracket positioning, while useful indicators, do not guarantee any specific outcome, and the tournament has already produced several notable upsets through its group stage and Round of 16, including Norway’s win over Brazil and Belgium’s 4-1 rout of co-host United States. Colombia, Switzerland, Morocco, Belgium and Norway all remain alive with the potential to disrupt the projected France-Argentina final should any of them advance further than current odds suggest.

Beyond the outright betting markets, the ongoing race for the tournament’s Golden Boot adds another layer of intrigue to a potential France-Argentina final. Mbappe and Messi currently sit tied atop the tournament’s scoring charts with seven goals apiece, alongside Norway’s Haaland, marking the first time in World Cup history that three players have reached that tally in the same tournament. Should France and Argentina both advance to the final as bookmakers currently project, the match would not only represent a rematch of sorts between two of the tournament’s most successful recent programs, but also potentially set up a direct showdown between two of the game’s most prolific active goal-scorers on the sport’s biggest stage.

With the semifinal round still more than a week away and the final not scheduled until July 19, plenty of soccer remains to be played before any final matchup is determined. For now, though, bookmakers and bracket analysis alike point toward France and Argentina as the two nations best positioned to meet in this year’s championship match, a projection that will continue to be tested as the tournament moves through its remaining knockout rounds in the days ahead.

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Nvidia Stock Falls Again as AI Chip Competition Fears Mount

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Nvidia Stock Rises After Record High. The Breakout Is Finally Here.

Nvidia Stock Falls Again as AI Chip Competition Fears Mount

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Lockheed Martin buys UK’s Ultra Maritime for $3.45bn

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Small businesses across the UK are being invited to play a central role in the country’s future defence strategy, as the government launches a landmark £400 million innovation fund aimed at transforming military technology and procurement.

The world’s largest arms manufacturer is to pay $3.45 billion for Ultra Maritime, the British undersea warfare specialist created from the 2022 merger of two of the UK’s best-known defence companies.

Lockheed Martin, the American defence giant, said the acquisition would strengthen its hand in “advanced undersea warfare” at a time when the wars in Ukraine and the Middle East continue to drive unprecedented demand for new weapons and military technology.

Ultra Maritime forms part of Cobham Ultra, the group assembled by Advent International, the American private equity firm, when it combined Cobham, the British aerospace pioneer, with domestic rival Ultra Electronics four years ago. Advent paid £4 billion for Cobham in 2019 and a further £2.6 billion for Ultra in 2022. Both deals proved contentious given the companies’ importance to national security, and each required government approval under the UK’s foreign investment screening regime. The transaction is the latest in a long line of foreign private equity swoops on British firms that have reshaped the UK’s industrial base over the past decade.

Ultra Maritime specialises in undersea military technologies, including sonobuoys, which detect submarines, and torpedo nose arrays that use sonar to track their targets. The company, which retains factories and offices in London, Buckinghamshire and Dorset, won a contract this year to supply its underwater acoustic decoys, designed to protect ships and submarines from torpedoes, to the US Navy. The Royal Navy is also among its principal customers.

Lockheed Martin will fold Ultra Maritime into its rotary and mission systems (RMS) business, which reported revenue of $17.3 billion last year and employs 35,000 people worldwide. Lockheed itself has 1,700 staff in the UK across roughly 20 sites, including operations in Bedfordshire, Hampshire and Glasgow.

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“Undersea superiority belongs to those who move fastest and work together best,” said Stephanie Hill, president of Lockheed’s RMS division, announcing the deal. “By joining forces with Ultra Maritime, we’re accelerating our commitment to deliver the most advanced undersea and anti-submarine warfare capabilities to our US and allied partners across the globe.”

Shonnel Malani, managing partner at Advent, said Ultra had become a “stronger, more innovative partner to allied navies” under the private equity firm’s ownership, “with improved execution, greater industrial capacity and next-generation autonomous solutions that position it well for future warfare”.

Advent is understood to have invested about £127 million in Ultra Maritime over the past three years to accelerate production. The business turned over roughly £370 million in 2023 but is on track to deliver revenues closer to £587 million this year, the Financial Times reported last week.

 

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The defence industry has been a clear beneficiary of the conflicts in Ukraine and the Middle East, as well as President Trump’s demands that Nato members, the UK included, dramatically increase their defence budgets, a shift that has prompted Britain to boost its own domestic weapons production. In response, contractors have raced to broaden their product offering, and industry analysts said Lockheed’s move for Ultra Maritime is firmly part of that trend. Whether the wave of consolidation delivers lasting economic benefit for the UK, however, remains an open question.


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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People Fixing The World – Finding hidden entrepreneurs

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People Fixing The World - Finding hidden entrepreneurs

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At least once in a lifetime, everyone has a great business idea. They often come when life events force us to experience things from a different angle. This year, the city of Liverpool in north England set about finding these “hidden entrepreneurs” with the help of an organisation called Public Life. The entrepreneurs come from all walks of life and have been offered a year’s wage to develop their idea, alongside expert help and mentoring. From the hairdresser who is building a salon-on-wheels for her best friend to the travel agent who is making a “Trip Advisor for the senses”, Myra Anubi meets the people whose inspiration has come from their own life experiences.

People Fixing The World from the BBC is about brilliant solutions to the world’s problems. We release a new edition every Tuesday. We’d love you to let us know what you think and to hear about your own solutions. You can contact us on WhatsApp by messaging +44 8000 321721 or email peoplefixingtheworld@bbc.co.uk. And please leave us a review on your chosen podcast provider.

Presenter: Myra Anubi
Producer: William Kremer
Executive Producer: Richard Kenny
Editor: Jon Bithrey
Sound mix: Hal Haines

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(Image: Myra Anubi with Frankii Panchoo in Liverpool, BBC)

Public Life website – www.publiclife.org.uk

Programme Website

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