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Council and pension fund agree deal to build 1,600 homes in seven Manchester sites

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Council and pension fund agree deal to build 1,600 homes in seven Manchester sites

‘Our plan for 10,000 genuinely affordable, social and council homes is building record numbers’

The No 1 Ancoats Green scheme, the first to be built by This City, a property developer firm solely owned by Manchester council

The No 1 Ancoats Green scheme, the first to be built by This City, a property development firm solely owned by Manchester council(Image: Manchester City Council )

More than 1,500 new homes will be built across Manchester by the council, which has promised that more than one-fifth will be ‘genuinely affordable’.

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The council has struck a deal with the Greater Manchester Pension Fund to finance around 1,600 apartments and houses on brownfield parcels of land. While many of the homes will be available on the open market, at least 20 per cent will be let at the ‘Manchester Living Rent’, set at or below the local housing allowance level.

Seven projects will be built by This City, the council-owned property developer behind No 1 Ancoats Green, a 129-home scheme which opened last year. Council leader Bev Craig called that ‘a great start’, but wants to kick on with construction.

She said: “Our plan for 10,000 genuinely affordable, social and council homes is building record numbers. We built more last year than any year since the early 2000s.

“This partnership with the Greater Manchester Pension Fund will enable us to drive forward the work of This City to build the homes the city needs on council-owned land.

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“Completing No.1 Ancoats Green last year was a great start – but this collaboration with the Greater Manchester Pension Fund provides long-term assurance that we can bring forward and deliver even more ambitious schemes.

“We already have a strong pipeline of projects in place, including the next This City development in the Northern Quarter, with further sites across Manchester. This means we are building many more homes capped at the Manchester Living Rent in the coming years .”

Town hall papers have named the seven sites where This City will build. They are Postal Street in the Northern Quarter (126 homes), Monsall Road in Harpurhey (651 homes), Grey Mare Lane in Beswick (145 homes), Hyde Road in Longsight (84 homes), Kirkmanshulme Lane also in Longsight (88 homes), Heyrod Street in Piccadilly (no figure given) and Downing Street in Ardwick (181 homes).

Construction work is expected to start on Postal Street next year, with other sites earmarked to begin in 2028, 2029, or 2030.

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The projects are expected to be signed off by a meeting of the council’s executive at 3pm on Friday, March 13.

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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State government responds to e-rideable dangers inquiry

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State government responds to e-rideable dangers inquiry

The state government has accepted 32 out of 33 recommendations from an inquiry into the dangers of e-rideables.

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BDO sounds alarm on 'clean' company black market

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BDO sounds alarm on 'clean' company black market

Australian companies with a clean compliance history are being targeted by black market operators and stolen to aid in fraud, according to a leading Perth accounting firm.

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Iran, Oil, And Rates: What We're Watching

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Iran, Oil, And Rates: What We're Watching

Iran, Oil, And Rates: What We're Watching

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Opinion: Open for business, closed at home

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Opinion: Open for business, closed at home

OPINION: The sale of Defence land could have unexpected consequences.

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Details released on huge new 1,491 home community planned north of Leigh

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Details released on huge new 1,491 home community planned north of Leigh

Vistry says it wants to create ‘well-planned new neighbourhood’

Vistry's plans for North Leigh Park

Vistry’s housing plans for North Leigh Park(Image: Local Democracy Reporting Service)

Detailed plans have been submitted for a new community of 1,491 homes and a section of trunk road at North Leigh Park.

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Outline permission for up to 1,700 homes at the site was approved in 2013 but a new planning application lodged with Wigan council in the past few days gives details of the layout, appearance, landscaping and scale of the majority of the proposed development.

Two parts of the wider site have previously been developed. The first close to Nel Pan Lane where 87 homes were created on either side of the new estate road by Countryside Properties in 2021.

The second is a development of 99 homes on the northern edge of the site which is accessed from Tiverton Avenue. That phase was brought forward by Bellway Homes.

A design and access statement has been published on the council’s planning portal on behalf of developer Vistry Group.

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The report said: “The vision for North Leigh Park is to deliver a sustainable, well-connected and attractive new development for Wigan.

“It will deliver part of the new strategically significant highway infrastructure required to connect junction 5 of M61 with junction 26 of the M6.”

North Leigh Park is 2.6km to the north-west of Leigh town centre. Westleigh High School to the south-east of the site.

It is to the east of the A578 (Leigh Road) and covers a huge 178-acres. The site has an industrial past used for coal mining, sand extraction quarrying, industrial waste management operations, a scrap yard and a sewage treatment.

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Vistry's North Leigh Park site

Vistry’s North Leigh Park development site(Image: Local Democracy Reporting Service)

The report added: “The application for approval relates to 68 hectares of the site. The proposed development parcels have been designed to strategically avoid highly contaminated areas.

“This approach ensures that land is redeveloped in an appropriate way to ensure the protection of future occupiers.

“It comprises the residual area of the site which remains undeveloped and includes the link road.”

That road would connect Leigh Road (A578) to Atherleigh Way (A579). The site was recently announced as one of six priority housing locations selected for the Government’s New Homes Accelerator programme, aimed at overcoming planning barriers and accelerating the delivery of new affordable homes and supporting infrastructure.

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Speaking in January, Matthew Parkes, managing director, Vistry Manchester and Cheshire East, said: “We are pleased to be bringing forward the next phases of North Leigh Park and continuing to work with Wigan Council, the Government and the local community to deliver much-needed new homes in this part of the borough.

“This is a significant opportunity to prevent a complex former industrial site becoming a long-term environmental problem and instead turn it into a well-planned new neighbourhood, with new homes, green spaces, local facilities and improved connections.”

The council will decide on the plans in the coming weeks.

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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Petronet LNG, other gas stocks jump up to 5% as Trump’s Iran war remarks ease supply worries

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Petronet LNG, other gas stocks jump up to 5% as Trump’s Iran war remarks ease supply worries
Shares of gas companies rose in trade on Tuesday after US President Donald Trump said the war with Iran could end “very soon,” easing concerns over prolonged supply constraints due to the effective closure of the Strait of Hormuz.

This comes after the stocks took a severe beating earlier last week as tensions between Iran and Israel-US escalated, with no sign of a diplomatic resolution. Supply shortages began to emerge in several cities, including Mumbai and Bengaluru, with restaurants in some areas warning of possible closures due to insufficient fuel.

Trump on Monday told CBS News that he believes the war against Iran “is very complete” and that Washington was “very far ahead” of his initial four-to-five week estimated timeframe. He also told reporters that his administration was lifting sanctions on some countries as part of efforts to stabilise the oil market.

“So we have sanctions on some countries. We’re going to take those sanctions off until the Strait is up,” he said, without providing further details.

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“It’s going to end soon, and if it starts up again they’ll be hit even harder,” Trump added.


Following the remarks, crude oil prices plunged sharply after a blistering rally that had pushed prices past the $100 mark for the first time since Russia–Ukraine War began in 2022.
India imports more than 60% of its domestic LPG needs, and around 85–90% of these imports pass through the Strait of Hormuz. The country consumed 31.3 million tonnes of LPG in FY25, of which only 12.8 million tonnes were produced domestically.Earlier last week, the Indian government invoked emergency powers and directed oil refiners to ensure there is no shortage of LPG for domestic customers due to supply constraints arising from rising geopolitical tensions in West Asia.

Shares of Petronet LNG jumped around 5% to trade at Rs 291.5 apiece. The stock had earlier declined more than 9% last week after the company issued force majeure notices to QatarEnergy and others because vessels were unable to safely transit through the Strait of Hormuz. The possibility of traffic resuming through the critical chokepoint appears to have boosted sentiment.

Meanwhile, shares of Gujarat Gas rose about 1.6%, GAIL (India) gained more than 2%, while Indraprastha Gas Limited was up over 1%.

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

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Opinion: Henderson’s human capital conundrum

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Opinion: Henderson’s human capital conundrum

OPINION: A deepening talent war could threaten to stall the state’s sovereign ambitions in terms of naval shipbuilding.

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Inflation and Labor Data, Oracle, Hewlett Packard, Adobe, and More to Watch This Week

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PCE, Walmart, Palo Alto, Analog Devices, Deere, and More to Watch This Week

Inflation and Labor Data, Oracle, Hewlett Packard, Adobe, and More to Watch This Week

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Douglas Dynamics: I Should Have Upgraded This Play Sooner (NYSE:PLOW)

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Douglas Dynamics: I Should Have Upgraded This Play Sooner (NYSE:PLOW)

This article was written by

Daniel is an avid and active professional investor.
He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham’s investment philosophy and a contrarian approach to the market and the securities therein. Learn more.

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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