New base replaces sites with ‘historic capacity restraints’

A homewares retailer has moved to a larger base in Trafford Park and could create dozens of jobs there.

Online Home Shop (OHS) has opened a 327,000 sq ft centre at the industrial estate that replaces multiple previous sites with “historic capacity restraints”. The company says the move means it will be able to ship 6m orders this year “and provides significant job opportunities to grow the current headcount from 200 people to over 300”. The new site will include some 45,000 pallet spaces.

CEO Moshe Cohen said: “Opening this new site is a significant milestone for OHS and reflects our commitment to investing in the infrastructure needed to support our incredible growth journey.

“This additional capacity will help us operate more efficiently and continue delivering the high level of service our customers expect. I would like to thank everybody involved in making this happen.”

Rafi Margulies, of Capre, advised OHS on securing the lease of the premises, while B8RE, DTRE and JLL represented Oxenwood.

Online Home Shop’s most recent accounts on Companies House cover the 12 months to January 31, 2025 – a year which saw turnover grow 24.6% to £59.5m. Pre-tax profit rose from £4.18m in 2024 to £4.95m in 2025.

The directors said sales growth on the OHS website was down to “increasing the customer base, repeat purchases, a growing core business and expanding into new product categories, particularly in garden and furniture.” It added: “The company also continues to grow significantly across several key online marketplaces.”

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NSE will earmark 10% of its annual corporate social responsibility (CSR) corpus for projects listed on the NSE Social Stock Exchange (SSE), becoming one of the first major institutions to commit a portion of its CSR spending through the platform.

The exchange announced the move on Tuesday following recent regulatory changes that allow companies to undertake CSR expenditure through subscription to Zero Coupon Zero Principal (ZCZP) instruments listed on Social Stock Exchanges.

NSE said its CSR Committee had agreed in principle in March 2026 to deploy 10% of the annual CSR corpus through the SSE framework, subject to regulatory approval. The decision has now been operationalised after the Ministry of Corporate Affairs issued notifications on May 27 enabling such investments.

The move is aimed at strengthening India’s social impact financing ecosystem and encouraging greater use of regulated capital market platforms for funding social sector projects.

NSE Chairman Injeti Srinivas welcomed the government’s decision to allow CSR funds to be routed through Social Stock Exchanges.

He said the framework would improve transparency, visibility and accountability of CSR spending while helping channel funds towards credible social initiatives.
The exchange expressed hope that other large corporate CSR contributors would adopt a similar approach, helping scale up impact financing in the country.The Social Stock Exchange framework was introduced by Sebi to create a regulated fundraising platform for non-profit organisations and social enterprises. The NSE Social Stock Exchange was launched in February 2023.

Since inception, NSE-SSE has facilitated all Social Stock Exchange fundraising issuances in India. According to the exchange, 16 projects, including two joint listings, have collectively mobilised more than Rs 44.5 crore across sectors such as healthcare, education, women empowerment, climate action, poverty alleviation, skilling and sustainable livelihoods.

The latest announcement comes shortly after the government expanded the scope of permissible CSR activities through the SSE route, a move seen as a significant step towards deepening social impact investing in India.

The regulatory change could unlock a new source of funding for non-profit organisations by connecting them with corporate CSR budgets through a transparent and market-linked mechanism. The decision is also expected to provide greater visibility to social projects while enabling companies to track the deployment and outcomes of their CSR spending more effectively.

With NSE itself committing part of its CSR corpus through the platform, the exchange is positioning itself as an early adopter of the Social Stock Exchange model while seeking to encourage broader participation from corporate India.

A promoter entity of Ajanta Pharma sold shares worth over Rs 1,024 crore through a block deal on Tuesday, with domestic mutual funds emerging as the buyers. According to NSE block deal data, Ravi Agrawal Trust sold 34.5 lakh shares of Ajanta Pharma at Rs 2,968 per share. The transaction was valued at about Rs 1,024 crore.

The shares were picked up by two domestic fund houses. Kotak Mahindra Mutual Fund acquired 21.02 lakh shares, while Aditya Birla Sun Life Mutual Fund purchased 13.48 lakh shares. Both transactions were executed at the same price of Rs 2,968 per share.

Ajanta Pharma is a specialty pharmaceutical company with a presence across branded generics, emerging markets and select developed markets. The company has built a strong franchise in therapeutic segments such as ophthalmology, cardiology, dermatology and pain management, while also expanding its footprint in international markets.

The company has been one of the stronger performers in the pharmaceutical space, benefiting from steady earnings growth, healthy margins and a robust balance sheet. Investors have also favoured the stock due to its focus on branded formulations and relatively limited exposure to pricing pressures in the US generics market.

Ajanta Pharma reported good fourth quarter results, with revenue and EBITDA coming in 1-3%, ahead of analysts estimates. PAT was 23% higher than the views, helped by higher Other income and a lower tax rate. US generics business sustained robust growth momentum, up 47% YoY in USD terms

“We raise our FY27E-FY28E core earnings estimates by 2%. AJP trades at 31.2x FY27E core P/E. We retain our target price at Rs 3,115 based on 29.9x FY28E core P/E plus cash per share. We retain our Accumulate rating. Geopolitical disruptions to the business and a spike in raw materials price & freight cost are key risks to our call. We introduce FY29 estimates,” Elara Capital said post the earnings.

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Over the past 30 years, the S&P 500 index has generated a total return of 1,770% (as of June 5). That performance supports the view that the stock market is one of the best asset classes for growing your wealth. A starting sum of $10,000 in this benchmark in June 1996 would be worth $187,000 today. The gains have been even more remarkable over the past decade.

Understanding that this kind of performance can have a profound impact on your financial well-being, it might be time for new investors to direct some of their savings into the stock market. Given how daunting it might seem, it can be difficult to figure out where to even begin.

Here’s where Warren Buffett comes into the picture. The great investor is also a wonderful educator whose advice is well worth considering. If you’re new to the stock market this month, listen to the Oracle of Omaha’s suggestion.

WARREN BUFFETT ERA ENDS AFTER 60 YEARS AS CEO WITH GREG ABEL TAKING OVER

Keep it simple

Buffett is known for his exceptional capital allocation skills, having compounded Berkshire Hathaway’s share price at a yearly clip of almost 20% for six decades before stepping down as CEO at the end of last year. But his advice for most investors is surprisingly simple. He basically recommends buying a low-cost S&P 500 index fund.

This perspective probably comes from the fact that the average person doesn’t have the time, ability or desire to want to pick individual stocks and manage a portfolio. And it stems from the inability of expert fund managers to beat the market.

THIS SECTOR HAS DOMINATED ETF RETURNS SO FAR IN 2026

Active management strategies generally have a bad track record. Data shows that the vast majority of large-cap fund managers lose to the S&P 500 over the long term. Whether these professionals trade too often, charge high fees or just aren’t adept portfolio managers, that is a very disappointing statistic. And it makes you wonder why more investors don’t choose the passive route.

Consider this popular exchange-traded fund

One of the best options is the Vanguard S&P 500 ETF. It comes with an extremely low expense ratio of 0.03%. Over several years and decades, investors will pay a significantly smaller amount than what active managers typically charge. The difference leaves more money in your pocket.

Ticker	Security	Last	Change	Change %
VOO	VANGUARD S&P 500 ETF – USD DIS	679.68	+1.68	+0.25%

This ETF tracks the S&P 500 index, so its holdings match the benchmark. The top five holdings are Nvidia, Apple, Microsoft, Amazon and Alphabet, clearly showing a strong position within the information technology sector. Investors will certainly be exposed to all things related to artificial intelligence.

However, it’s worth pointing out that this ETF contains all sectors of the economy. It’s essentially a hassle-free method for gaining broad market exposure.

Maintain a long-term perspective

The S&P 500 index today trades at a historically expensive valuation, calling into question the benchmark’s return potential. While the phenomenal trailing 10-year total return of 316% might not repeat, I think it still makes sense to invest in the stock market.

TAP INTO THE HUMANOID ROBOTICS BOOM WITH THIS ETF

Profit growth and margins are robust. And the companies leading the charge, some of which were mentioned already, are some of the most dominant businesses the world has ever seen, so they deserve the market’s appreciation.

Ticker	Security	Last	Change	Change %
NVDA	NVIDIA CORP.	208.64	+3.54	+1.73%
AAPL	APPLE INC.	301.54	-5.80	-1.89%
MSFT	MICROSOFT CORP.	411.74	-4.93	-1.18%
AMZN	AMAZON.COM INC.	245.22	-0.81	-0.33%
GOOGL	ALPHABET INC.	363.31	-5.00	-1.36%

If the current valuation is a real concern for you, then consider adopting a dollar-cost averaging (DCA) strategy. By doing so, you could allocate fresh savings to the market on a monthly or quarterly basis, virtually eliminating the need to accurately assess what the correct starting valuation should be.

And even adding small sums of money to a DCA approach can lead to tremendous long-term results. Let’s say you initially invest $10,000 into the Vanguard S&P 500 ETF. But then every single month, you invest $100. Assuming the historical 10% annualized total return holds true, you’d have $382,000 after 30 years. Of course, if you put more money to work, the ending figure will be larger.

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Neil Patel has positions in Vanguard S&P 500 ETF. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Berkshire Hathaway, Microsoft, Nvidia and Vanguard S&P 500 ETF. The Motley Fool has a disclosure policy.