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At Close of Business podcast May 15 2026

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At Close of Business podcast May 15 2026

Claire Tyrrell speaks to Ella Loneragan about the state of major projects in South Perth, as development times ramp up.

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Atossa Therapeutics stock tumbles on $4.5M stock offering

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Atossa Therapeutics stock tumbles on $4.5M stock offering

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SpaceX Just Got Its First Analyst Ratings

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SpaceX Just Got Its First Analyst Ratings

SpaceX Just Got Its First Analyst Ratings

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Complete Groups, Dates and Times for All 104 Matches

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Lionel Messi scored a hat-trick for Argentina in World Cup action but will have to wait for his PSG home debut

The 2026 FIFA World Cup, the largest in the tournament’s history with 48 teams, begins on Thursday, June 11, when co-host Mexico faces South Africa in Mexico City. The month-long event, co-hosted by Canada, Mexico and the United States, features 104 matches across 16 venues and offers expanded opportunities for advancement to the knockout stages.

The final will be played on July 19 at the New York New Jersey Stadium (MetLife Stadium). Argentina enters as defending champion after its dramatic victory in Qatar in 2022, but a deep and competitive field makes predicting a winner challenging.

Tournament Format and Structure

For the first time, the group stage will be followed by a round of 32, with the top two teams from each of the 12 groups advancing along with the eight best third-placed sides. This expanded knockout format increases the number of matches and gives more teams a realistic path to the later stages.

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Group stage matches run from June 11 to June 27. The round of 32 takes place from June 28 to July 3, followed by the round of 16 from July 4 to 7. Quarterfinals are scheduled for July 9 to 11, semifinals on July 14 and 15, the third-place match on July 18 and the final on July 19.

All venues have been temporarily renamed to reflect their host cities for the tournament to limit ambush marketing. For example, MetLife Stadium becomes the New York New Jersey Stadium, and SoFi Stadium is referred to as the Los Angeles Stadium.

Full Group Stage Schedule and Key Fixtures

Thursday, June 11 Mexico vs South Africa, 1 p.m. CST (7 p.m. GMT), Mexico City Stadium, Mexico City South Korea vs Czechia, 8 p.m. CST (2 a.m. GMT Friday), Estadio Guadalajara, Zapopan, Mexico

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Friday, June 12 Canada vs Bosnia and Herzegovina, 3 p.m. ET (7 p.m. GMT), Toronto Stadium, Toronto United States vs Paraguay, 6 p.m. PT (1 a.m. GMT Saturday), Los Angeles Stadium, Los Angeles

Saturday, June 13 Qatar vs Switzerland, 12 p.m. PT (7 p.m. GMT), San Francisco Bay Area Stadium, San Francisco Brazil vs Morocco, 6 p.m. ET (10 p.m. GMT), New York New Jersey Stadium, New Jersey Haiti vs Scotland, 9 p.m. ET (1 a.m. GMT Sunday), Boston Stadium, Boston Australia vs Turkiye, 6 p.m. PT (1 a.m. GMT Sunday), BC Place, Vancouver

Sunday, June 14 Germany vs Curacao, 12 p.m. CDT (5 p.m. GMT), Houston Stadium, Houston Netherlands vs Japan, 3 p.m. CDT (8 p.m. GMT), Dallas Stadium, Dallas Ivory Coast vs Ecuador, 7 p.m. ET (11 p.m. GMT), Philadelphia Stadium, Philadelphia Sweden vs Tunisia, 8 p.m. CST (1 a.m. GMT Monday), Estadio Monterrey, Guadalupe, Mexico

The schedule continues through June 27, with key clashes including France vs Senegal, Argentina vs Algeria, Portugal vs DR Congo and England vs Croatia. The expanded format ensures every team plays at least three group stage matches, providing more opportunities for surprises and competitive balance.

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Group Breakdown and Favorites

Group A features host Mexico, who open the tournament against South Africa. South Korea and Czechia are expected to battle for the second advancement spot. Mexico’s home advantage at the iconic Estadio Azteca gives them a strong edge in their opener.

Group D includes co-host United States, who face Paraguay in their first match. Australia and Turkiye add depth to what could be a competitive pool. The co-hosts benefit from familiar conditions and passionate support across multiple venues.

Defending champion Argentina headlines Group J alongside Algeria, Austria and Jordan. Lionel Messi’s side enters with high expectations as it seeks a historic back-to-back title.

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European powerhouses France, Spain, England, Germany, Netherlands, Belgium and Portugal are spread across different groups, reducing the chance of early heavyweight clashes but ensuring high-quality football throughout the group stage.

Co-Host Advantages and Venue Highlights

The three host nations have invested heavily in infrastructure and fan experiences. Iconic venues such as BC Place in Vancouver, Lumen Field in Seattle and Levi’s Stadium in the San Francisco Bay Area will host matches, providing world-class facilities and vibrant atmospheres.

Mexico City Stadium (Estadio Azteca) opens the tournament with significant historical resonance. The multi-nation format spreads logistical demands but also creates unique travel and adaptation challenges for teams.

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Global Anticipation and Viewership

The 2026 edition is projected to draw record audiences, building on the success of previous tournaments. Broadcasters worldwide have secured rights, with extensive coverage planned across television, streaming and digital platforms.

The expanded field allows more nations to participate, increasing global engagement. Teams from all confederations have qualified, promising a diverse mix of playing styles and storylines.

Key Dates to Watch

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Beyond the opening match on June 11 and the final on July 19, the round of 32 beginning June 28 marks the start of knockout football. Quarterfinals in early July and semifinals mid-month will determine the finalists, with the bronze match on July 18 providing a consolation fixture for the losing semifinalists.

Preparation and Expectations

Teams have been fine-tuning tactics and squad selections in the lead-up to the tournament. Defending champion Argentina, led by Lionel Messi, enters as one of the favorites, while European sides like France, Spain and England carry high expectations.

Co-hosts Mexico, United States and Canada benefit from home support, though they face competitive groups. Underdogs will look for upsets in what promises to be one of the most open World Cups in recent memory.

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The 2026 tournament represents a landmark event for North American football, showcasing the sport’s growth in the region and providing a platform for emerging talents alongside established stars. As the opening match approaches, anticipation builds for what could be a memorable summer of global competition.

Fans worldwide are encouraged to check local listings for broadcast details and plan viewing around time zone differences. The full schedule ensures compelling matches almost daily, with the expanded format delivering more football than ever before in a single World Cup.

The journey from group stage to the July 19 final at the New York New Jersey Stadium will test teams’ depth, adaptability and resilience across three host nations. With 48 teams and 104 matches, the 2026 World Cup offers something for every football fan as the world’s most popular sport takes center stage once again.

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(VIDEO) Apple Foldable iPhone Rumors Point to September 2026 Launch and Book-Style Design

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Apple's Foldable iPhone

CUPERTINO, Calif. — Apple is on track to launch its first foldable iPhone in September 2026 alongside the iPhone 18 Pro models, according to multiple supply chain reports and analyst forecasts, marking a significant expansion of the company’s premium smartphone lineup.

The device, which may be called the iPhone Fold or iPhone Ultra, is expected to feature a book-style design with a large inner display and a more compact outer screen. Rumors suggest it will aim to minimize or eliminate the visible crease common in competing foldables, positioning Apple as a late but potentially differentiated entrant in the growing foldable market.

Design and Display Details

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Supply chain leaks indicate the foldable iPhone will measure approximately 7.7 to 7.8 inches when unfolded, resembling an iPad mini in size and shape. The outer display is rumored to be around 5.3 to 5.5 inches, wider than typical phone screens to accommodate the folding mechanism.

Analyst Ming-Chi Kuo and others have reported that Apple is focusing on a crease-free or minimal-crease design, potentially using advanced hinge technology and specialized display materials. This would address one of the main consumer complaints about current foldables from Samsung, Google and others.

The overall form factor is described as wider when unfolded, offering a more tablet-like experience for productivity and media consumption. Dummy models circulating in recent months show a premium build with refined edges and Apple’s signature attention to detail.

Pricing and Positioning

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The foldable iPhone is expected to carry a premium price tag starting above $2,000, reflecting its advanced engineering and positioning as a high-end device. This would place it well above current iPhone Pro Max models, targeting professionals, early adopters and users seeking a versatile device that bridges phone and tablet functionality.

Apple’s strategy appears focused on delivering a polished, reliable product rather than rushing to compete on price or specifications with existing foldables. The device is likely to integrate deeply with the Apple ecosystem, leveraging continuity features across iPhone, iPad and Mac.

Production Timeline and Potential Delays

Recent reports suggest mass production could begin in August 2026, following some engineering challenges that pushed the start date from earlier projections. Despite these adjustments, the launch timeline remains on track for September, with possible limited initial supply.

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Bloomberg’s Mark Gurman has indicated the foldable will debut alongside the iPhone 18 Pro and Pro Max, though availability may be constrained at first. This staggered approach would allow Apple to manage production ramp-up while maintaining focus on its core iPhone lineup.

Technical Features and Innovations

Beyond the folding display, the device is rumored to include Apple’s latest A-series or M-series chip for exceptional performance and efficiency. Advanced camera systems, improved battery life and enhanced durability are also expected, addressing common pain points in foldable devices.

The hinge mechanism is a critical area of development, with rumors pointing to the possible use of liquid metal alloys for smoother operation and greater longevity. Under-display sensors and a refined Dynamic Island or fully bezel-less design could further differentiate the product.

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Integration with Apple Intelligence features, including enhanced Siri capabilities and on-device AI processing, would align the foldable with the company’s broader software strategy. The larger inner screen could enable new multitasking and productivity experiences not possible on traditional iPhones.

Market Context and Competition

Apple enters the foldable market later than Samsung, Google and Chinese manufacturers, but with significant resources and a loyal customer base. The company’s focus on quality, ecosystem integration and user experience could help it carve out a premium segment rather than competing directly on volume.

Global foldable phone shipments have grown rapidly, though they still represent a small fraction of the overall smartphone market. Apple’s entry could accelerate mainstream adoption, particularly if it delivers on promises of durability and seamless software optimization.

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Consumer and Analyst Expectations

Early reactions from analysts and enthusiasts have been positive, with excitement building around the potential for a truly premium foldable experience. The device could appeal to users seeking a single device for both phone and tablet-like tasks, particularly professionals and content creators.

However, the high expected price may limit initial appeal to a niche audience. Supply constraints and the need to prove long-term durability will be important factors in consumer adoption.

Strategic Importance for Apple

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The foldable iPhone represents a major evolution in Apple’s product strategy, potentially opening new market segments and reinforcing the company’s innovation leadership. Success could influence future designs across the iPhone, iPad and Mac lines.

Tim Cook and Apple executives have been cautious in public comments, focusing on delivering exceptional user experiences rather than rushing into new categories. The 2026 launch aligns with Apple’s typical cadence for significant hardware advancements.

What to Watch Next

As development progresses, more details are expected to emerge through supply chain reports, regulatory filings and eventual prototype leaks. Apple is likely to maintain secrecy until the official unveiling, building anticipation through subtle hints in software updates and developer tools.

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For consumers, the foldable iPhone could represent a compelling upgrade option in fall 2026, particularly for those already invested in the Apple ecosystem. The combination of advanced hardware and polished software has been a hallmark of Apple’s success, and expectations are high for this new form factor.

The iPhone 18 Pro Max and other standard models will launch alongside or shortly before the foldable, creating a robust premium lineup. Apple’s ability to balance innovation with reliability will be key to the product’s reception and long-term impact on the smartphone industry.

As the rumors continue to build, the foldable iPhone stands as one of the most anticipated consumer electronics releases of 2026. Its success could reshape how users think about mobile devices, bridging the gap between smartphones and tablets in meaningful new ways.

Industry observers will be watching closely for confirmation of specifications, pricing and availability as the year progresses. For now, the latest reports paint a picture of an ambitious but carefully executed project that could define Apple’s next chapter in hardware innovation.

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SpaceX millionaires set to spend on luxury homes, watches, travel

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SpaceX millionaires set to spend on luxury homes, watches, travel

Close up of coastline near Palos Verdes

Post_insignem | Istock | Getty Images

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.

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The SpaceX IPO is expected to mint thousands of new millionaires and multiple new billionaires. While current and former employees won’t be able to sell their shares right away, some are already planning how to spend their windfall.

That newfound wealth could have a ripple effect across the luxury property markets near SpaceX’s office hubs and boost spending on watches, private jet charters and other status symbols, experts told CNBC.

Real estate agent Gerard Bisignano said he has recently received inquiries from several long-time SpaceX employees looking for homes in the South Bay area of California. They range in age from their mid-30s to early 40s, he said.

“They seem to be in a state of disbelief themselves that they’re suddenly going to be able to, in some examples, buy a home for their parents. They’re going to have all this discretionary income that they can really do what they want,” said Bisignano, a partner at Vista Sotheby’s.

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SpaceX’s California office is a short drive away from the wealthy coastal communities of Manhattan Beach, Redondo Beach, Hermosa Beach and Palos Verdes Estates. Bisignano said he expects many SpaceX employees to snap up high-end homes in the area. He noted there was a similar buying spree in the neighborhoods around the Facebook headquarters after that company’s IPO in 2012, with home values there jumping 21%.

Bisignano said he also anticipates an influx in interest for second homes in other scenic California locales like Mammoth Lakes, Palm Springs and Tahoe.

Texas real estate agent Gary Dolch said he’s seeing similar interest from SpaceX employees in the greater Austin area, with SpaceX’s Bastrop campus located roughly 30 miles from downtown Austin. Some plan to buy soon after taking a margin loan, while others are waiting for the IPO lockup period to end, he said.

Prospective homebuyers’ tastes run the gamut from luxury condos on Lake Austin or Lake Travis to 1,000-acre ranches farther from the city, Dolch said. He added that he’s optimistic that the IPO will boost the luxury market in Austin, which has softened over past three to four years.

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“It feels like we’re on the verge of the next wave in Austin’s expansion fueled by this tech run,” he said.

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The newly wealthy rarely stop their spending spree at a dream home, Bisignano said. He expects buyers to vie for homes with four-car garages to fit their brand new Ferraris.

And while sports cars are a popular choice, luxury watches are a more practical status symbol for every day use.

Paul Altieri, CEO and founder of Bob’s Watches, said a watch is often the first luxury purchase after a major liquidity event. He said customers usually opt for Rolexes as they are instantly recognizable. Models like the Daytona, GMT-Master II and Submariner are most popular, he added.

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“The watch becomes a reminder of that accomplishment every time they put it on,” he said. “The stock certificate stays in a brokerage account. The watch goes on your wrist.”

John Shmerler, CEO of The 1916 Company, a luxury watch and jewelry retailer, said customers who have been waiting for years are often willing to pay a premium for pre-owned timepieces by trophy brands like Patek Philippe and F.P. Journe.

The splurge doesn’t stop there. While some SpaceX employees may have already flown first class, the IPO will enable many to fly private.

D.J. Hanlon, executive vice president of sales at Flexjet, and Kolin Jones, founder and CEO of Amalfi Jets, said their private jet companies have seen recent inquiries specifically related to the SpaceX IPO.

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Jones said clients are already chartering jets to celebrate the occasion with a trip.

The top choice for celebrating a liquidity event is Las Vegas, especially for younger fliers traveling without children, Jones said. Miami and Cabo San Lucas, Mexico, are also popular destinations.

Fliers looking to take the entire family on vacation, however, lean toward Aspen, Colorado, and Yellowstone National Park, Jones said. And Disney World is a classic choice for local families with young children who want to avoid the hassle of airport security, he added.

With newly wealthy customers, the Amalfi Jets sales team sometimes receives follow-up calls from wealth managers asking to cancel their clients’ charter or downgrade to smaller jets, Jones said.

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“It is sometimes comical to see the clients arguing with their wealth manager, saying, ‘No, it’s my money, I want the Gulfstream,’” he said. “There’s going to be a lot of people that are flying private for the first time, and I think it’s going to be a really fun spending spree.”

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Explained: How SpaceX’s $75 billion IPO could create opportunity for Inox India shareholders

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Explained: How SpaceX’s $75 billion IPO could create opportunity for Inox India shareholders
As the world gears up for Elon Musk‘s SpaceX IPO at a staggering $1.75 trillion valuation, a relatively lesser-known Indian company is emerging as an unlikely beneficiary thousands of miles away. INOX India, a global leader in cryogenic technology, has found itself in the spotlight as investors hunt for domestic companies with exposure to the rapidly expanding global space ecosystem.

The excitement around SpaceX’s public listing has already spilt over into INOX India’s stock. Shares of the company have surged 25% over the past month and have gained in seven of the last eight trading sessions.

The frenzy surrounding SpaceX’s IPO, which reports suggest was oversubscribed nearly four times, has prompted investors to look beyond the headline-grabbing U.S. listing and identify potential beneficiaries closer home. For many, INOX India appears to fit that bill. But what exactly is the connection?

Inox’s aerospace push

During its Q4 earnings call, the company disclosed that it had secured a significant aerospace order from a leading U.S.-based private space company. The total order value is approximately Rs 200 crore. Management said it expects additional high-value orders in the first quarter of FY27.

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“This order is a direct outcome of our proven execution capabilities and reinforces the growing confidence that global aerospace players have in INOX India’s engineering expertise,” the company said.

“Aerospace cryogenic systems are not short-term trends, but a long-term structural opportunity. We believe that INOX India is well-positioned to capitalise on these opportunities through its engineering expertise, diversified capabilities, and expanding global presence and footprint,” the company added.

Can Inox India shares rally more?

According to Sunny Agrawal, Head of Research at SBI Securities, investor interest in INOX India has picked up significantly ahead of the SpaceX listing. Beyond aerospace, the company is also expanding into segments such as data centres, nitrogen supply and distillery kegs, providing additional growth levers.


“Management has guided for 15-20% growth per year, and after the recent rally, the stock is trading at a relatively rich valuation of about 56 times one-year forward earnings,” Agrawal said. He believes investors may be better off waiting for a correction before making fresh purchases. “Investors may consider waiting for a correction before fresh entry, as some profit-taking and a cooling-off in the stock could follow once SpaceX gets listed,” he added.

SpaceX IPO

The much-anticipated SpaceX IPO is scheduled to be priced on June 11, with trading set to commence on the Nasdaq on June 12. The company is looking to raise $75 billion through the offering, which would value the business at approximately $1.75 trillion.
Despite the enormous investor enthusiasm, SpaceX remains loss-making. For 2025, the company reported revenue of $18.67 billion and a net loss of $4.94 billion. Much of the bullishness around the stock is tied to its future opportunities across satellite broadband, launch services, defence contracts and AI-related businesses rather than its current earnings profile.Not everyone is convinced by the valuation, however. Morningstar said in a note published on Monday that the company appears “significantly overvalued” and suggested that investors may find more attractive entry opportunities after the stock begins trading.

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Inox India Q4 snapshot

INOX India reported a strong performance for the fourth quarter of FY26, with revenue rising 24.2% year-on-year to Rs 475 crore. Adjusted EBITDA grew 13.4% to Rs 108 crore, while adjusted profit after tax (PAT) increased 9% to Rs 72 crore compared with the corresponding quarter last year.

Exports continued to be a key growth driver, with export revenue standing at Rs 291 crore and contributing 61% of total quarterly revenue. During the quarter, the company secured order inflows worth Rs 504 crore, taking its total order backlog to Rs 1,514 crore.

For FY26, INOX India delivered its highest-ever annual revenue of Rs 1,632 crore, up 21.2% year-on-year. Adjusted EBITDA rose 20.2% to Rs 388 crore, while adjusted PAT increased 19.3% to Rs 261 crore. Annual export revenue came in at Rs 971 crore, accounting for 59% of total revenue, reflecting sustained strength in international demand throughout the year.

INOX India shares have risen 64% since the start of the year.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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GM releases software update letting some EV owners sell power to the grid

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GM releases software update letting some EV owners sell power to the grid

General Motors on Tuesday announced it’s releasing a software update that allows some electric vehicle (EV) owners to send power back to the electric grid.

The update allows owners of GM’s vehicle-to-home energy system, which allows the EV to power the home during a blackout, the expanded capability of sending electricity to the power grid.

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Owners of the system would be able to sell power from their vehicle back to utility providers at times when demand is high, with GM getting a portion of the proceeds. EVs are viewed as an untapped resource for balancing the electric grid to meet surging demand from AI data centers as well as extreme weather events. 

GM said that it alone has over 250,000 bidirectional capable vehicles on U.S. roads at this time, while it will include the vehicle-to-grid technology in all planned EVs going forward. 

AUTO INDUSTRY TRADE GROUP URGES FEDS TO SCRAP GAS TAX AND REPLACE IT WITH A VEHICLE WEIGHT FEE

Chevrolet Bolt EV plugged in

GM’s vehicle-to-grid energy program would let consumers charge more cheaply and be compensated when their EV’s power is sent back to the grid to support it during peak demand. (Megan Varner/Bloomberg via Getty Images)

It said that the quarter-million GM EVs that are capable of vehicle-to-grid energy transfers currently have the storage capacity to help power 120,000 homes for up to one week. 

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GM said that it’s actively testing vehicle-grid integration technology through a partnership with Pacific Gas and Electric Company (PG&E), and it expects that by 2030 there will be over 52,000 GM EVs actively participating in grid-balancing protocols.

It’s also conducting tests in Michigan with DTE Energy, using the homes of GM employees, to grow reliable backup capacity in a way that suits the preferences of home and EV owners, which GM Energy Vice President Wade Sheffer said is a “win for customers, automakers, and utilities.”

INSIDE GM’S $242M PUSH TO REBUILD AMERICA’S SKILLED TRADES WORKFORCE

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GM GENERAL MOTORS CO. 79.40 -4.36 -5.21%

“Maintaining a safe, reliable, and affordable grid is paramount. This transition won’t be easy, and we deeply respect the challenge of balancing day-to-day grid reliability with rapid innovation,” Sheffer said in a letter, adding that the company sees three areas in which utilities, regulators and automakers can simplify the path forward.

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Those include boosting the enrollment of customers in utility programs by GM and industry partners, educating them on EV grid support and the value in utility programs and rates, with best practices developed amid its ongoing regional pilot projects.

GM TAKES $7B HIT AFTER SHIFTING EV STRATEGY DUE TO SLOWING DEMAND

A truck leaves a General Motors assembly plant

GM aims to have over 50,000 of its EVs participating in grid-balancing by 2030. (Nick Lachance/Toronto Star via Getty Images)

GM noted that consumers will be more motivated to participate when given clear and appropriate incentives, such as expanding localized, time-of-use tariffs, allowing EV owners to charge cost-effectively during energy surplus and receive appropriate compensation for supporting the grid during peak strain or times of need.

GM also said that streamlining paperwork, engineering reviews and utility interconnection processes to boost consumer confidence in being able to easily purchase and install a bidirectional charger.

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“It’s time for us to look at parking lots and driveways across our communities as a massive, distributed power asset waiting to be integrated. By working together, we can help secure an affordable, reliable, and resilient energy future for everyone,” Sheffer’s letter said.

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Reuters contributed to this report.

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Grimsby family firm Dee Bee Wholesale sold to UK’s largest independent food and drink wholesaler

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Yorkshire and Lincolnshire wholesaler Dee Bee Wholesale has been acquired by Bestway Wholesale in a deal that strengthens the London firm’s regional footprint

Dee Bee Wholesale has been snapped up by new owners. The firm has two sites, in Grimsby and Hull.

Dee Bee Wholesale has been snapped up by new owners. The firm has two sites, in Grimsby and Hull.(Image: Google Earth)

A family-run business that has been operating for more than 65 years across Yorkshire and Lincolnshire has been acquired by a national competitor. Independent wholesaler DB Ramsden and Co – trading as Dee Bee Wholesale – has expanded to serve over 1,400 retail and on-trade customers from its depots in Grimsby and Hull.

The firm, which employs 87 members of staff across its two sites, was established in 1961 as part of the Ramsden Group and has long been a cornerstone of the wholesale distribution sector. In its early years, the business concentrated on non-food products but has since evolved into a prominent supplier of groceries and drinks, helping clients adapt to shifting market demands and consumer needs.

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Dee Bee Wholesale, which posted a turnover of £59.4m in its most recently filed accounts, has now been purchased for an undisclosed sum by Bestway, the owner of well-known brands including Costcutter, best-one, BB foodservice and Bestway Wholesale. The London-based business was founded in 1976 and has grown to become the UK’s largest independent food and drink wholesaler, operating 57 depots nationwide.

It sits within the broader industrial powerhouse that is Bestway Group, which also holds global commercial interests spanning banking, cement, pharmacy, milling and property investment. Managing director Nick Ramsden told customers: “This marks an important milestone in the history of Dee Bee Wholesale and an exciting new chapter for the business. For more than 65 years, Dee Bee Wholesale has been committed to supporting customers across Yorkshire and Lincolnshire, building strong relationships and helping independent retailers, convenience stores and on-trade operators succeed.

“I am incredibly proud of the business we have built together and the trust our customers have placed in us over many years. Importantly, it is very much business as usual. Our depot operations, customer contacts and service teams remain in place and customers should continue trading with us in exactly the same way as they do today.”, reports Hull Live.

“We believe becoming part of Bestway Wholesale creates significant opportunities for the future. Bestway is one of the UK’s leading wholesalers with a strong track record of supporting independent retailers and customers. Over time, customers will benefit from Bestway’s scale, competitive pricing, market-leading promotions and extensive product range.

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“I am pleased to confirm that I will remain with the business supporting continuity for customers, colleague and suppliers and helping to ensure a smooth integration.”

Bestway Wholesale confirmed that the takeover of Dee Bee Wholesale forms a key part of its ongoing strategic expansion plans and further bolsters its regional presence.

Dawood Pervez, managing director of Bestway Wholesale, said: “We are delighted to welcome Dee Bee Wholesale – a long-established family business with more than 65 years of customer service heritage, loyal customer base and detailed regional knowledge across Yorkshire and Lincolnshire – into the Bestway Wholesale network.”

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The Corners of the Market Where Investors Are Riding Out Turbulence in Chip Stocks

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The Corners of the Market Where Investors Are Riding Out Turbulence in Chip Stocks

The nascent rebound in tech stocks ended in a lurching drop on Tuesday, with the Nasdaq composite losing about 1% in its largest blown gain since early January. 

The slide extended a bout of volatility that has raised worries that stocks’ record run is rooted in the staggering gains of a handful of chip companies. Some fear that a narrow rally won’t survive pressure expected from higher interest rates, worries about the AI trade and the pending avalanche of new tech shares that kicks off Friday with the massive SpaceX public offering.

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Shares creep lower as BHP rebounds, Iran worries remain

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Shares creep lower as BHP rebounds, Iran worries remain

Australia’s share market has trimmed its early losses but ultimately ended the session lower, with a mining sector rebound unable to overcome resurgent fears as the US and Iran trade strikes.

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