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Council and Stagecoach row over delays to huge regeneration scheme

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Stockport council mulls CPO move as bus giant says talks are ‘ongoing and positive’

What the Stockport 8 development could look like

What the Stockport 8 development could look like(Image: Stockport MDC)

Stagecoach is being accused of holding up major plans to revive Stockport town centre, amid claims the bus company asking for too much money. The issue is now being escalated by Stockport council over fears more than £40m could be lost.

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The Stockport 8 development is one of the largest town centre regeneration projects in the UK. It could see over £350m of investment, and include 1,300 homes as well as new businesses.

It is part of plans by Stockport Council to completely transform the town with thousands of new homes.

The development covers a large area to the west of the town’s iconic railway viaduct between the now-finished Weir Mill scheme and the central railway station. Phase 1 of the scheme will include a mixed residential neighbourhood of 435 homes and 82 affordable properties.

It was hoped the first phase of the scheme would start construction in 2026 but the plans could now be delayed. This is because Stagecoach are asking for too much money in relation to their depots in the town centre, according to a new Stockport council report.

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Cllr Micheala Meikle, Cabinet Member for Economy, Regeneration and Skills, said: “Our focus remains on reaching a negotiated outcome with the leaseholder, while protecting the delivery of a project that will bring new homes, jobs, investment and long-term benefits for Stockport and its people.

“However, a scheme of this scale and importance cannot be left open to unnecessary delay. Seeking approval to prepare for the possible use of compulsory purchase powers ensures the council has the appropriate tools available, if they are ultimately needed, to keep this major regeneration project moving to schedule.”

However a Stagecoach spokesperson said: “We remain engaged in ongoing, positive discussions with Stockport Metropolitan Borough Council regarding the voluntary surrender of an element of our lease in advance of its expiry in 2046.

“Both parties continue to work collaboratively to support local regeneration goals while ensuring the uninterrupted delivery of local bus services.”

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Documents brought before councillors at a meeting on September 3 show the local authority want to buy two bus depot sites in the area to deliver both the first and third phases of the scheme. This is ahead of a cabinet decision on September 15.

Despite tenant Stagecoach agreeing in principle with the local authority, a council report said no agreement had been reached ‘despite sustained efforts over a prolonged period’, warning that ‘this is resulting in potential significant delays to the delivery of a major regeneration project for Stockport’.

There are plans to relocate the bus depot further west near Cheadle which will be owned by Transport for Greater Manchester. However the council said Stagecoach’s position ‘is that it will not enter into the required legal agreement unless it is a paid a sum that the council’s advisers consider is significantly in excess of the sum to which it is entitled’.

Now councillors at a scrutiny committee are expected to comment on the report before it goes to Stockport council’s cabinet. Officers are asking for permission to take all necessary steps to acquire the site, including the possible use of compulsory purchase powers to buy it without Stagecoach’s permission.

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The scheme is being delivered in partnership with English Cities Fund, a joint venture made up of Homes England, Legal & General and Muse. In November 2025, £41.3m of Greater Manchester Combined Authority Funding was awarded towards the scheme.

In the council report, officers said: “Not only does the ongoing uncertainty risk significant delays to the delivery of a key regeneration scheme, but it could also risk the loss of the significant public funding that has been secured for the development.”

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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Colman’s Mustard brand synonymous with Norwich put up for sale

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A jar and tin of Colman's Mustard propped up on a surface next to each other. The tin of mustard has been laid on its side. The packaging on each item is a mustard yellow and the label reads, Colman's of Norwich, original English Mustard.

A famous mustard brand synonymous with Norwich has been put up for sale.

Colman’s Mustard, which had a factory in Norwich for 160 years, has been put on the market ahead of a merger between Unilever and American food giant McCormick in a deal believed to be worth £48bn.

The company has been deeply rooted in Norfolk after it was founded in 1814 by Jeremiah Colman at Stoke Holy Cross before production moved to Carrow in 1858.

A Unilever spokesperson said: “A decision has been taken to market the Colman’s brand and assets to potential buyers in order to proactively seek to address potential competition concerns from the planned combination of Unilever Foods and McCormick.”

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Based outside of Norwich, the firm had a cradle-to-grave ethos and provided education, housing, healthcare and leisure for workers and their families.

A school was built on Carrow Hill in 1864 for employees’ children and the firm supplied coffins for workers and their families, and built a series of terrace houses which were believed to have doors painted mustard yellow.

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(VIDEO) South Side Priest Delivers Personalized White Sox Pope Hat to Pope Leo XIV During Vatican Meeting

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Pope Leo XIV addressed cardinals at the Vatican on Saturday

CHICAGO — Pope Leo XIV, the first American-born pontiff and a lifelong Chicago White Sox fan, has his own personalized version of the team’s viral “pope hat” giveaway after a South Side priest delivered the gift to him at the Vatican this week.

The Rev. Tom McCarthy, prior provincial of the Beverly-based Midwest Augustinians, met with the pope Wednesday and presented him with a gift box from the White Sox. The package included an upgraded version of the hat, featuring a sewn-on patch with the team’s logo, along with several of the original giveaway hats, a team jersey, a signed baseball card and a letter from White Sox owner Jerry Reinsdorf, according to Block Club Chicago.

The White Sox posted a photo of McCarthy and the pope holding the hat together on the social media platform X on Thursday, writing that the item had “officially landed at the Vatican.” The image quickly circulated online, drawing hundreds of thousands of views.

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The hat traces back to a sold-out White Sox game on Aug. 11 against the Cincinnati Reds, when the team distributed roughly 40,000 of the black-and-gold hats to fans at Rate Field as part of a promotion celebrating the team’s connection to the pope. The design draws on the ceremonial miter worn by Catholic bishops, cardinals and the pope himself, reimagined with the White Sox’s white stocking logo. According to the team, the giveaway was originally planned as a limited-quantity item before it was expanded to include all fans following what the club described as overwhelming demand.

McCarthy attended that August game to accept a 14,000 dollar donation from White Sox charities on behalf of the Midwest Augustinian Province, the Catholic religious order Pope Leo, born Robert Francis Prevost, belonged to during his years in Chicago. McCarthy currently holds the same prior provincial position the pope once held within the order in the 1990s.

Speaking to Block Club Chicago about his meeting with the pope, McCarthy said Leo was pleased with the gifts and had one lighthearted regret about the timing. “He did say, ‘Too bad we didn’t win the game,’” McCarthy recalled. The White Sox lost that Aug. 11 contest 5-4 to the Reds, though the team has remained atop the American League Central Division for much of the season. As of this week’s announcement from the club, the White Sox held a two-and-a-half-game lead over the Cleveland Guardians in the division standings.

McCarthy, who grew up in the Marquette Park neighborhood, told Block Club Chicago that Pope Leo follows the White Sox from Vatican City, though he said he was unsure how closely the pope is able to track games given the seven-hour time difference between Chicago and Rome. During their meeting, McCarthy also recounted other moments from the Aug. 11 game, including a ceremonial first pitch from a former Marian Catholic High School teacher and a stadium-wide performance of the Catholic “Sign of Peace” ritual during the fifth inning, in which fans greeted and shook hands with those seated around them.

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McCarthy described that moment as a powerful show of unity that transcended religious background. He also connected the enthusiasm around the pope’s fandom to a broader trend he said he has observed within the church, telling Block Club Chicago that some parishes have reported increased interest from both new converts and lapsed Catholics returning to the faith since Leo’s election.

Pope Leo, who was born in Chicago’s Bronzeville neighborhood and raised in the south suburb of Dolton, has spoken publicly about the connection between sports and community-building since becoming pope in May 2025. He attended Game 1 of the 2005 World Series, when the White Sox swept the Houston Astros for the franchise’s first championship since 1917, and has continued to express support for the team throughout his papacy, including wearing a White Sox cap during a Vatican general audience last year.

Illinois Rep. Raja Krishnamoorthi, who has met with the pope and discussed his fandom, has separately described Leo’s enthusiasm for the team as striking given the pontiff’s formal surroundings. According to comments reported by the Catholic Herald, Krishnamoorthi recounted the pope greeting him with a remark about the team’s loss on what had been designated Pope Leo Day at the ballpark, saying he was struck that the pontiff was “following the White Sox so religiously.”

McCarthy said he raised the possibility of Pope Leo eventually visiting Chicago, drawing a comparison to Pope John Paul II’s 1979 visit to the city, and said he came away from the conversation believing a return trip is likely at some point, even without a firm timetable. Demand for the original White Sox pope hat giveaway item has also picked up on the secondary market, with listings on eBay this week ranging from roughly 67 dollars to more than 200 dollars.

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Palantir Stock Soars. Strategize For A Big Annualized Return.

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Palantir Stock Soars. Strategize For A Big Annualized Return.

Palantir Technologies (PLTR) is a highly rated stock that broke out to a recent high on Thursday, closing up 4.75% for the day. Income investors who want to generate some option premium on Palantir stock could look at a covered-call trade. A covered-call strategy is one way to slightly reduce the risk on a long stock position while also generating…

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Earnings call transcript: Fosun International posts H1 2026 profit surge

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Earnings call transcript: Fosun International posts H1 2026 profit surge

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PayPal Stock Dives; Advent-Stripe Group Said To Drop Pursuit Of Payments Giant

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PayPal Stock Dives; Advent-Stripe Group Said To Drop Pursuit Of Payments Giant

PayPal stock plunged Friday on a report that an Advent-Stripe consortium has dropped their efforts to buy the digital payments giant. Privately held payments firm Stripe and private equity firm Advent had given up their pursuit of PayPal (PYPL), Bloomberg reported Thursday night, citing sources. The group reportedly bid $60.50 a share, or $53 billion, for PayPal in mid-July. PayPal’s…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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UK business confidence climbs to five-month high as consumers shrug off Iran war impact

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Budget-related speculation at minimum this year, according to Lloyds Business Barometer

Chancellor John Healey speaking

Chancellor John Healey has kept Budget speculation to a minimum(Image: PA Wire/PA Images)

Business confidence has climbed to its highest level since March, as resilient consumers brush aside the impact of the Iran conflict and with less Budget. speculation that in recent years.

The Lloyds Business Barometer revealed confidence amongst British firms rose four points in August to 53 per cent, the strongest reading since hostilities broke out in the Middle East and above the 12-month average.

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Optimism regarding the broader economy also surged to 49 per cent, a notable increase of seven points. Some 64 per cent of bosses surveyed by the lender reported feeling upbeat about the state of the UK, while those expressing pessimism fell to 15 per cent.

“Businesses are reporting stronger customer demand, greater optimism about the wider economy and growing confidence in their own trading outlook,” said Amanda Murphy, chief executive of Lloyds’ commercial arm, as reported by City AM.

“While businesses continue to operate in a challenging environment, easing cost pressures and fewer firms expecting to raise prices in the coming year should allow them to focus less on managing headwinds and more on pursuing growth.”

The surge in confidence comes despite Donald Trump’s campaign in Iran entering its sixth month. The Strait of Hormuz – a critical shipping corridor for the oil and gas trade – has remained closed to the majority of petrochemical exports throughout the conflict, driving up energy prices and strangling the supply of other essential commodities such as fertiliser.

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Researchers credited stronger confidence levels to buoyant consumer demand, which has remained resilient despite elevated energy prices and the looming threat of a renewed surge in inflation. On Wednesday, regulator Ofgem confirmed that household energy bills will climb by as much as four per cent from October, reaching their highest level in three years.

Meanwhile, Brent crude has risen by more than 40 per cent since the start of the year.

Price rises have been particularly sharp in refined oil products such as diesel and kerosene – used as jet fuel – the cost of which virtually doubled overnight following Donald Trump’s first strike on Iran.

According to the barometer, companies’ trading outlook rose two points to a three-month high of 58 per cent, with two thirds of firms anticipating an increase in output over the coming year. The proportion of businesses expecting to raise prices in the next 12 months also fell by three per cent to just over half.

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Business confidence has been strengthening across several closely monitored surveys, marking a departure from previous summers when widespread Budget speculation eroded fragile private sector morale and dampened investment.

New Chancellor John Healey has up to now chosen to keep a tight lid on speculation regarding which taxes may increase at his first fiscal event in October, despite the broader financial picture pointing strongly towards a higher overall tax burden.

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Slideshow: Foodservice beverage innovation bubbles over

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Slideshow: Foodservice beverage innovation bubbles over | Food Business News

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Nvidia Just Validated Micron’s Biggest AI Bull Case (NASDAQ:MU)

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Netlist Stock (NLST): $866M In Verdicts, $1B Market Cap, And An Inflected Business

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Pythia Research focuses on multi-bagger stocks, primarily in the technology sector. Our approach combines financial analysis, behavioral finance, psychology, social sciences, and alternative metrics to assess companies with high conviction and asymmetric risk-reward potential. By leveraging both traditional and unconventional insights, we aim to uncover breakout opportunities before they gain mainstream attention. Our multidisciplinary strategy helps us navigate market sentiment, identify emerging trends, and invest in transformative businesses poised for exponential growth. We don’t just follow the market—we anticipate where disruption will create the next big winners.Markets don’t move purely on fundamentals; they move on perception, emotion, and bias. We lean into that reality. Investor behavior, anchoring to past valuations, herd mentality during rallies, panic selling from recency bias, creates persistent inefficiencies. These moments of mispricing often mark the start of a breakout, not the end of one.Rather than avoid psychological noise, we analyze it. When the crowd sees volatility, we assess whether it’s driven by emotion or fundamentals. Status quo bias can keep investors blind to companies redefining their category. Fear of uncertainty can delay recognition of businesses with clear but unconventional growth paths. We look for these disconnects.Our process blends deep research with signals others miss: sudden shifts in narrative, early social traction, founder-driven vision, or underappreciated momentum in developer or user adoption. These are often the precursors to exponential moves, if you catch them early.We focus on conviction plays, not safe bets. Each opportunity is evaluated for Risk/Reward profile: limited downside, explosive upside. We believe that the best returns come from understanding where belief is lagging reality.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. 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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Gaotu Techedu: Tough Balancing Act Between Growth And Profitability (NYSE:GOTU)

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Gaotu Techedu: Tough Balancing Act Between Growth And Profitability (NYSE:GOTU)

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The Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market. He hunts for deep value balance sheet bargains and wide moat stocks and provides a range of watch lists with monthly updates within his investing group.

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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X flags 200 accounts it says could manipulate US debate over AI, energy policy

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X flags 200 accounts it says could manipulate US debate over AI, energy policy

The social media platform X announced that it performed a probe regarding “suspected Chinese inauthentic accounts” participating in influence efforts, uncovering a bot farm of around 200,000 accounts, of which 200 accounts were posting in a way that could distort true debate regarding U.S. artificial intelligence and energy policy.

“The X Safety team conducted an investigation into suspected Chinese inauthentic accounts involved in influence operations: We identified a bot farm of approximately 200,000 accounts. Within this farm, we found 200 accounts posting in a manner that could manipulate a legitimate debate about American AI and energy policy,” the post on the X Global Government Affairs account noted.

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“These posts contained claims that AI data centers are driving up household electricity prices and straining the grid. Others included AI-generated cartoons that depicted data-center operators enriching themselves at the public’s expense,” the post continued.

NEW YORK BECOMES FIRST STATE TO FREEZE NEW AI DATA CENTERS IN MOVE CRITICS WARN COULD DRIVE AWAY JOBS

Chinese flag

The popular social media platform X announced that it conducted a probe regarding “suspected Chinese inauthentic accounts” participating in influence efforts. (Getty Images / Getty Images)

“We remain committed to maintaining an open and authentic platform where people debate topics of public interest. We take seriously any attempts to undermine the integrity of the global town square and suspend accounts that violate our Authenticity policy,” the notice concluded.

The post featured several screenshots of examples of relevant posts. One showed a post depicting what appeared to be an anti-data center comic strip titled, “DATA CENTERS GET SUBSIDIZED WHILE WE FOOT THE BILL!” A message at the bottom read, “ELECTRICITY RATEPAYERS GET STUCK WITH THE COST!”

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OPENAI, 100+ COMPANIES WARN OF COMING SURGE IN AI-POWERED CYBERATTACKS, CALL FOR GLOBAL DEFENSE PUSH

Person holding "NO DATA CENTERS" sign

A person holds signs during a nationwide protest against AI data center expansion outside Peace Hall in New Port Richey, Fla., on July 18, 2026.  (Thomas Simonetti / AFP via Getty Images / Getty Images)

Data centers have been a topic of debate within the U.S. amid concerns regarding environmental impacts and energy costs in local communities.

Florida Gov. Ron DeSantis wrote in a post on X last week, “The concerns by citizens from across the political spectrum re: hyperscale data centers are rooted in distrust of these Big Tech titans and their designs on expanding tech power over the citizenry. It’s not just — or even mainly — about concerns about water and power usage.”

But some, including President Donald Trump, want to ensure that China does not outpace the U.S. in AI-related advancements.

TRUMP SAYS ANY GOVERNOR OR MAYOR SHOULD WANT TO WELCOME AN AI DATA CENTER

In part of a Truth Social post last month, the president asserted, “The Radical Left Dumocrats must not be allowed to cause us to lose Data Centers, AI, and all of this incredible new Technology, to China, and other countries!”

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