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Construction consultancy NBS moves to greener home on Newcastle Quayside

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The major Tyneside employer put its former offices the Old Post Office up for sale last year for £3.95m

Inside NBS' new office at 1 Trinity Gardens

Inside NBS’ new office at 1 Trinity Gardens(Image: NBS)

Major Newcastle employer NBS has moved to new offices amid moves to create a more sustainable work space for its colleagues.

The construction consultancy – part of Hubexo – was based in the Old Post Office for 25 years, after the firm carried out a £5.8m conversion of the property. The work, designed by Newcastle architecture firm JDDK and carried out by contractor Surgo, won the Newcastle Lord Mayor’s Design Award for refurbishment and a regional prize in the British Council for Offices Awards.

However, last year NBS put the historic building with its five floors of office space on the market, as it began its move to a new base. The building, marketed by Savills, was put up for sale with a £3.95m price tag and is currently under offer.

Now NBS has relocated its Newcastle headquarters to 1 Trinity Gardens on Newcastle Quayside, in a move it says will save around 60 tonnes of carbon annually. Bosses said the relocation embodies Hubexo’s vision to make the built world more sustainable, whilst helping employees work more efficiently by providing a modern space that supports collaboration.

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The office will house over 250 employees in Newcastle across product and technology, technical content and technical delivery, corporate services, finance and IT, sales, marketing and customer service teams, supporting global operations across the UK, Nordics, Australia, US and Canada.

The move also maintains NBS’s 50-year commitment to Newcastle, while also strengthening its ability to attract future talent in the North East, with a modern, flexible workspace reflecting the company’s ambitions.

NBS will source 100% renewable electricity for the new energy-efficient building, which has views over the River Tyne and modern amenities, including an on-site gym.

Jo Keit, president of UK and Ireland, Hubexo, said: “One of our core missions is to help the industry build sustainably, and our move to a greener, more energy-efficient Newcastle home will hopefully encourage others in the industry to make similar carbon-reducing commitments. Investing in our hubs is about investing in our people today, but also the people we want to attract tomorrow.

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“These spaces are designed to support connection, collaboration and the culture we’re building together, and we’re delighted to see colleagues enjoying the new facility.”

Lee Jones, head of sustainability, Hubexo, added: “After more than a quarter of a century at the historic Old Post Office, we’re making a move that aligns with our sustainability commitments. The building’s gas heating system produced approximately 80 tonnes of CO₂ annually, incompatible with our net zero by 2045 ambition.

“As a platform supporting the construction industry’s digital transformation and sustainability goals, we want to lead by example.”

The True Potential team mark the opening of Gateway House

The True Potential team mark the opening of Gateway House(Image: True Potential)

Meanwhile, Newcastle-based financial services and technology organisation, True Potential has officially opened Gateway House, a new office building that expands its headquarters.

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Gateway House sits alongside True Potential’s existing Newburn House headquarters, providing additional purpose-built space to support its future growth ambitions.

Colleagues gathered to celebrate the opening, with CEO Gerry Mallon marking the occasion with a ribbon cutting at the building’s main entrance.

The event brought together teams from across the business who played a key role in delivering the project,

Mr Mallon said: “Gateway House represents an important step forward for us. Newcastle has always been at the heart of our story, and this expansion is a reflection of how far we have come as one of the UK’s leading wealth managers, the momentum we’re building as an organisation and our commitment to investing in our people, our future and our region.

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“This has been a true team effort, and I want to thank everyone who has contributed to bringing this to life. The result is an office we’re immensely proud of – a fantastic state-of-the-art space that fits how we work today and supports our growth plans for the future.”

Like this story? For more news from the commercial property scene around the regions, visit our dedicated section here for the latest news and analysis within the sector.

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Jefferies lowers Shopify stock price target to $140 on deceleration concerns

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US FDA blocked Covid, shingles vaccine safety studies, NYT reports

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US FDA blocked Covid, shingles vaccine safety studies, NYT reports


US FDA blocked Covid, shingles vaccine safety studies, NYT reports

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Gibson Energy Inc. (GEI:CA) Shareholder/Analyst Call Prepared Remarks Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q1: 2026-05-04 Earnings Summary

EPS of $0.31 beats by $0.03

Gibson Energy Inc. (GEI:CA) Shareholder/Analyst Call May 5, 2026 12:00 PM EDT

Company Participants

James Estey
Nathalie Wyman
Tara Hingley
Riley Hicks – Senior VP & CFO
Colin Gair
Jon Ozirny – VP of Legal & General Counsel
Cody Johnson
Darcy Smith
Chris Garcia
Curtis Philippon – CEO, President & Non-Independent Director

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Presentation

James Estey

Okay. We’re going to start early. Good morning, and welcome to the Annual Shareholder Meeting of Gibson Energy. My name is Jim Estey, and I am the Chairman of Gibson Board. And in accordance with the bylaws of the company, I will act as chair of the meeting. Given the importance of safety within Gibson, and our culture, we will start today this meeting with a safety moment from Nathalie Wyman. That will be followed by a land acknowledgment from Tara Hingley and an introduction of the directors and officers who have joined us today. Following completion of these preliminary matters, we will then move into the formal part of the meeting during which you, our shareholders or duly appointed proxyholders will vote on the 3 matters set forth in the management information circular.

Finally, our President and CEO, Curtis Philippon, will provide a company update, which will be followed by question-and-answer period, which you, shareholders and proxyholders are invited to ask questions of the directors and the executive management. At the conclusion of our program, the directors and officers and senior management will be available in the room to answer further questions you may have. I will now call on Nathalie to provide a safety moment.

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Nathalie Wyman

Thank you, Mr. Chair. As we begin today, I would like to take a moment to acknowledge that Canadian Mental Health Week began yesterday and continues until Sunday, May 10. This year, Mental Health Week recognizes the role we all play in supporting mental health through connection. At Gibson, Mission Zero is

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BofA raises Pfizer stock price target on first-quarter beat

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Utz recalls certain Zapp’s and Dirty chips over potential salmonella risk

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Utz recalls certain Zapp's and Dirty chips over potential salmonella risk

Utz Quality Foods is recalling certain Zapp’s and Dirty brand potato chips that were sold at retail stores nationwide, the Food and Drug Administration said.

The voluntary recall follows a notification to the company that a seasoning containing dry milk powder may contain the presence of salmonella. It was sourced from California Dairies Inc. and supplied by a third party.

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The FDA said the affected seasoning batches tested negative for salmonella prior to use, but Utz is recalling the limited varieties of chips out of an abundance of caution. The company is recalling the products based on the ingredient supplier’s recall.

FROZEN PIZZA SOLD AT WALMART, ALDI RECALLED OVER SALMONELLA CONCERNS

No other products produced by Utz Quality Foods are affected, and “We are working in coordination with the U.S. Food and Drug Administration on this recall,” the company told FOX Business in a statement.

Utz has not received any complaints of illness in connection with the recalled products. Customers who have the affected products should not eat them and should discard them.

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Utz Quality Foods recalled products:

Zapp’s Brand Bayou Blackened Ranch Potato Chips, 1.5 oz.

Zapp's 1.5-oz. Bayou Blackened Ranch Potato Chips.

Utz Quality Foods is recalling certain Zapp’s 1.5-oz. Bayou Blackened Ranch Potato Chips. (FDA)

  • UPC: 83791272917
  • Batchcodes: 26030070101, 26036070102, 26043070101, 26052070103
  • Best by dates: 8/3/2026, 8/10/2026, 8/17/2026, 8/24/2026

Zapp’s Brand Bayou Blackened Ranch Potato Chips, 2.5 oz.

Zapp's 2.5-oz. Bayou Blackened Ranch Potato Chips.

Utz Quality Foods is recalling certain Zapp’s 2.5-oz. Bayou Blackened Ranch Potato Chips. (FDA / Fox News)

  • UPC: 83791272924
  • Batchcodes: 26029070104, 26044070104, 26045070104, 26058070104
  • Best by dates: 8/3/2026, 8/17/2026, 8/31/2026

RAT POISON FOUND IN BABY FOOD JARS SPARKS CHILLING SCARE, SUSPECT NABBED

Zapp’s Brand Bayou Blackened Ranch Potato Chips, 8 oz.

Zapp's 8-oz. Bayou Blackened Ranch Potato Chips.

Utz Quality Foods is recalling certain Zapp’s 8-oz. Bayou Blackened Ranch Potato Chips. (FDA)

  • UPC: 83791272931
  • Batchcodes: 26024070105, 26024070104, 26029070104, 26030070104, 26037070105, 26038070105, 26044070105, 26045070105
  • Best by dates: 7/27/2026, 8/3/2026, 8/10/2026, 8/17/2026

Dirty Brand Salt and Vinegar Potato Chips, 2 oz.

Dirty salt and vinegar potato chips.

Utz Quality Foods is recalling Dirty brand Salt and Vinegar Potato Chips. (FDA)

  • UPC: 83791520148
  • Batchcodes: 26030070104, 26031070104, 26031070101, 26038070102, 26038070103
  • Best by dates: 8/3/2026, 8/10/2026

GHIRARDELLI RECALLS DRINK MIXES OVER POTENTIAL SALMONELLA CONTAMINATION

Zapp’s Brand Salt and Vinegar Potato Chips, 1.5 oz (60 ct.)

Zapp's Salt and Vinegar Potato Chips.

Utz Quality Foods is recalling certain 1.5-oz. Zapp’s brand Salt and Vinegar Potato Chips. (FDA)

  • UPC: 83791010144
  • Batchcodes: 26030070101, 26031070101, 26036070102, 26037070102
  • Best by dates: 8/3/2026, 8/10/2026

Dirty Brand Maui Onion Potato Chip, 2 oz.

Dirty Maui onion potato chips.

Utz Quality Foods is recalling certain Dirty brand Maui Onion Potato Chips. (FDA)

  • UPC: 83791520162
  • Batchcode: 26052070103
  • Best by date: 8/8/2026

CHOCOLATE SOLD NATIONWIDE RECALLED OVER UNDECLARED ALLERGEN POSING POTENTIAL ‘LIFE-THREATENING’ RISK

Zapp’s Brand Big Cheezy Potato Chip, 2.5 oz.

Zapp's 2.5-oz. Big Cheezy Potato Chips.

Utz Quality Foods is recalling certain Zapp’s brand Big Cheezy Potato Chips. (FDA)

  • UPC: 83791192208
  • Batchcode: 26058070104
  • Best by date: 8/31/2026

Zapp’s Brand Big Cheezy Potato Chip, 8 oz.

Zapp's 8-oz. Big Cheezy Potato Chips.

Utz Quality Foods is recalling certain Zapp’s brand Big Cheezy Potato Chips. (FDA / Fox News)

  • UPC: 83791192246
  • Batchcodes: 26058070104, 26059070104
  • Best by date: 8/31/2026

CLICK HERE TO GET FOX BUSINESS ON THE GO

Dirty Brand Sour Cream and Onion Potato Chips, 2 oz.

Dirty sour cream and onion chips.

Utz Quality Foods is recalling Dirty brand Sour Cream and Onion Potato Chips. (FDA)

  • UPC: 83791520094
  • Batchcode: 26059070104
  • Best by date: 8/31/2026
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ideaForge Technology bulk deal: BNP Paribas buys Rs 39 crore worth shares in this multibagger

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ideaForge Technology bulk deal: BNP Paribas buys Rs 39 crore worth shares in this multibagger
Shares of ideaForge Technology Limited witnessed significant bulk deal activity on Tuesday, with multiple institutional investors picking up stakes in the company. Leading the transactions, BNP Paribas, through its affiliate BNP Paribas Financial Markets, bought over 5 lakh shares worth approximately Rs 39 crore at Rs 783.29 apiece.

In addition to BNP Paribas, several other investors were active on the buy side. QE Securities LLP acquired 3.4 lakh shares at Rs 779.23 per share, while NK Securities Research Private Limited picked up a similar quantity at Rs 777.94 per share, translating into deals worth around Rs 26 crore. HRTI Private Limited purchased 4.55 lakh shares at Rs 776.98 apiece, and Junomoneta Finsol Private Limited bought 3.49 lakh shares at Rs 780.2 per share.

The bulk deals were executed within a narrow price band of Rs 776 – Rs 783 per share, indicating strong demand for the stock at current levels. The concentrated buying activity highlights growing investor interest in the company, particularly amid increasing focus on defence and drone-related businesses.

Following the bulk deal activity, the stock saw strong traction in the market, reflecting positive sentiment around the counter.

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Ideaforge Technology shares ended at Rs 804.10, up by Rs 73.10 or 10% over the Monday closing price.


Shares of ideaForge have given multibagger returns of 111% over a one-year period compared to negative 1% returns by Nifty and negative 4% by the BSE Sensex.
The stock is currently trading above its 50-day and 200-day simple moving average (SMA) of Rs 457 and Rs 468, respectively, according to Trendlyne data.Also read: Adani Ports, Tata Motors and Siemens Energy witness block deal action on Monday

(Disclaimer: The 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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In AI We Trust: Why Spending Is So Buoyant

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In AI We Trust: Why Spending Is So Buoyant

In AI We Trust: Why Spending Is So Buoyant

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Alphabet Stock Rises as Google Cloud AI Boom Fuels Optimism in 2026

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Google May Avoid Harsh Penalties as Judge Eyes Softer Antitrust

NEW YORK — Alphabet Inc. Class C shares (NASDAQ: GOOG) climbed 1.21% to $384.23 in morning trading Tuesday, May 5, extending gains from a strong first-quarter earnings report that highlighted accelerating Google Cloud growth and the company’s deepening push into artificial intelligence.

Google May Avoid Harsh Penalties as Judge Eyes Softer Antitrust
Alphabet Stock Rises as Google Cloud AI Boom Fuels Optimism in 2026

The modest advance comes days after Alphabet’s April 29 earnings release, which showed consolidated revenue rising 22% to $109.9 billion and net income surging 81% to $62.6 billion. Adjusted earnings per share reached $5.11, far exceeding expectations and sending the stock to fresh all-time highs last week.

Google Cloud delivered standout performance, with revenue jumping 63% to $20 billion — the first time the segment crossed that threshold. The cloud backlog nearly doubled sequentially to more than $460 billion, driven by enterprise AI solutions and infrastructure demand. CEO Sundar Pichai highlighted that AI is now the primary growth driver across the business.

AI Momentum Powers Results

Alphabet’s full-stack AI approach — spanning models like Gemini, custom TPUs, and enterprise tools — is paying dividends. Google Search revenue grew 19% to $60.4 billion, with AI-enhanced experiences boosting user engagement. YouTube and subscriptions also contributed strongly, while Waymo’s autonomous driving progress and investments in Anthropic added to non-operating gains.

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The company raised its 2026 capital expenditure guidance significantly, signaling aggressive investment in AI infrastructure. Analysts project even higher spending in 2027 as demand for data centers and specialized chips continues to accelerate.

Wall Street Reaction Remains Bullish

Following the earnings beat, multiple firms raised price targets. Goldman Sachs, Needham, Scotiabank, Roth Capital and others lifted targets into the $400–$450 range, citing strong AI positioning and cloud acceleration. Consensus remains firmly in Buy territory, with many viewing Alphabet as attractively valued relative to its growth prospects despite trading near highs.

The stock has been one of the top performers among major technology names in recent months, benefiting from a combination of resilient advertising, cloud strength and AI leadership. Year-to-date gains reflect growing investor confidence that Google is not only keeping pace but gaining ground in the generative AI race.

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Challenges and Risks

Regulatory scrutiny remains a factor. Ongoing antitrust cases and potential advertising changes continue to loom, though investors appear to be pricing in Alphabet’s ability to navigate these hurdles. Competition from OpenAI, Anthropic, Microsoft and others is intense, yet Google’s massive user base and infrastructure scale provide significant advantages.

Broader market dynamics also influence the stock. Easing geopolitical tensions around the Strait of Hormuz and anticipation of further corporate earnings have supported technology shares broadly. However, any slowdown in AI spending or macroeconomic shifts could pressure valuations.

Long-Term Outlook

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Alphabet’s diversified portfolio — Search, YouTube, Cloud, Waymo and emerging bets — positions it well for continued growth. The company maintains a fortress balance sheet with substantial cash reserves, enabling both heavy investment and shareholder returns through dividends and buybacks. A recent 5% dividend increase underscores confidence in future cash flow.

Analysts project sustained double-digit revenue growth, with cloud and AI segments leading the way. Successful execution on Gemini advancements, autonomous driving milestones and enterprise adoption could drive further upside. Some forecasts see the stock reaching $450 or higher within 12 months if current momentum holds.

Investor Considerations

Tuesday’s modest gain reflects digestion after last week’s sharp post-earnings move. For long-term investors, Alphabet offers exposure to multiple secular tailwinds: digital advertising, cloud computing and artificial intelligence. Its scale, data advantage and engineering talent create wide competitive moats.

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Short-term traders may see volatility around upcoming events, including further regulatory developments and quarterly updates. Valuation remains elevated on traditional metrics, but many argue forward-looking AI growth justifies the premium. Dollar-cost averaging or waiting for pullbacks could appeal to those building positions.

As of mid-morning trading, the broader market showed mixed sentiment, with the Dow Jones Industrial Average also advancing modestly. Alphabet’s performance continues to stand out within the Magnificent Seven group, underscoring its resilience and strategic focus.

The coming months will test whether Alphabet can convert its substantial AI investments into sustained market leadership and profitable growth. For now, investors are rewarding the company’s execution and forward momentum in one of technology’s most critical battlegrounds.

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Duolingo: A Buy If You Can Handle The Volatility

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Duolingo: A Buy If You Can Handle The Volatility

Duolingo: A Buy If You Can Handle The Volatility

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Bitchin’ Sauce continues expansion both in and beyond almonds

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Bitchin’ Sauce continues expansion both in and beyond almonds

Company launches two new product lines across Kroger’s family of banners.

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