Connect with us
DAPA Banner

Business

Exclusive: Bristol’s Bottle Yard Studios releases financial information for first time

Published

on

Business Live

The West of England’s biggest film and TV studios is actually a money-generating service

The entrance of The Bottle Yard Studio's new facility in Bristol

The entrance of The Bottle Yard Studio’s TBY2 facility in Bristol(Image: Tony Gilbert)

The West of England’s largest film and television studios has released information about its finances for the first time, Business Live can exclusively reveal. The Bristol City Council-owned Bottle Yard, in Hengrove, provided the details following a Freedom of Information (FOI) request.

The studios, which have hosted big-name productions such as popular BBC comedy-drama Boarders and Sky Original thriller Inheritance, came under fire last year for refusing to confirm whether it makes a profit for council taxpayers. Previous requests by journalists, local councillors and members of the public for any information on the Bottle Yard’s finances have repeatedly been rejected on the grounds the accounts are “commercially sensitive”.

Advertisement

Business Live logged an FOI on January 27 and Bristol City Council took 64 days to reply, despite regulations requiring public bodies to respond within 20 days. It comes months after the local authority lost a legal battle with the Information Commissioner’s Office over failures to clear an FOI backlog built up under the last administration.

In its response to the FOI, the council told Business Live that over the last financial year (2025-2026) the Bottle Yard’s budget was -£177,625. However, the negative figure does not mean the Bottle Yard is making a loss – in fact it is the opposite. It is understood that Bristol City Council uses an accounting approach that targets zero to balance the books over the year, with money generated by the studios used to reach that target.

Business Live understands the Bottle Yard is an income-generating service – meaning it makes money for the council – and was targeting a surplus of £177,625 for the year. It is understood the studios achieved a surplus for 2025-2026, but it is not yet known whether that surplus is at the full target. As Business Live understands, this is because the council has not yet completed its year-end outturn calculations.

The council also provided details of the Bottle Yard’s budget for the new financial year, which was set on Wednesday, April 1. According to the FOI, the budget for 2026-2027 is -£81,740. Although this year’s income budget is lower, it is understood the Bottle Yard is fully funded for the next 12 months and is expected to make a surplus of £81,000.

Advertisement

The release of the information comes just months after Bristol City Council declined a Freedom of Information request by investigative journalist and council transparency campaigner Andrew Lynch for any financial figures.

The costume department at Bottle Yard

The costume department at Bottle Yard(Image: Hannah Baker)

Bristol City Council refused a number of other information requests logged by Business Live, however, including how much Katherine Nash, head of studios at the Bottle Yard, gets paid. Nash, who was appointed in September, is responsible for all the commercial aspects of the studios’ two sites and 11 stages, including sales, operations and partnerships.

The local authority told Business Live it could not provide details of her earnings, including bonuses, as it fell under personal data as defined by the Data Protection Act – and because this was information about another individual they were not able to share it. It also refused to disclose who was considering buying the studios last year. In July, the sale of the Bottle Yard to a private and unknown buyer collapsed, costing taxpayers some £430,000.

The council told Business Live it could not reveal the details, claiming it was part of a “confidential process”. When asked if the council would put the studios back up for sale, it told Business Live a decision had not been made yet but the studios remain open for business.

Advertisement

Last year, Bristol City Council leader Tony Dyer said the council’s aim was “to secure a sustainable future for the studios and the opportunity to grow into its huge potential.”

“Those aims remain the same as does our determination to ensure that one of our city’s most successful regeneration projects continues an upward trajectory to deliver more jobs and more investment for Bristol,” he said at the time.

According to Bristol Film Office – a division of Bristol City Council – films and television shows produced in Bristol over 2024-2025 boosted the local economy by more than £46m. Some 29 major productions were assisted by the Bottle Yard Studios over the period, including three feature films and 26 high-end television productions, with a total of 736 filming days supported in the studio and on location.

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

A Modern Gaming Experience Built for Smart Players

Published

on

A Modern Gaming Experience Built for Smart Players

Betpanda emerges as a vibrant destination where players can explore a dynamic gaming universe, enjoy seamless navigation, and experience a sense of control over their play.

Whether you are a seasoned bettor or someone stepping into online gaming for the first time, Betpanda offers a balanced environment that feels both welcoming and engaging.

A Platform Designed with the Player in Mind

What sets Betpanda apart is its commitment to simplicity without sacrificing sophistication. From the moment you enter the platform, the interface feels intuitive. Menus are clean, categories are clearly defined, and games are easy to locate. This thoughtful design allows players to focus on what truly matters, which is enjoying the experience.

Betpanda understands that modern users value speed and convenience. The platform is optimized for both desktop and mobile devices, ensuring that gameplay remains smooth whether you are at home or on the move. This flexibility adds a layer of comfort that enhances the overall user journey.

A Diverse Library of Games

Variety is the heart of any successful gaming platform, and play at Betpanda does not disappoint. The platform hosts an impressive selection of games that cater to different preferences and skill levels. From classic table games to modern slot adventures, there is always something new to explore.

Advertisement

Players who enjoy strategy can dive into games that require careful decision-making, while those seeking quick entertainment can choose fast-paced options that deliver instant excitement. This diversity ensures that boredom rarely finds a place within the Betpanda ecosystem.

Additionally, the platform frequently updates its game collection, keeping the experience fresh and aligned with current trends. This ongoing evolution reflects a deep understanding of player expectations.

Secure and Transparent Environment

Trust is a crucial factor in online gaming, and Betpanda takes this responsibility seriously. The platform incorporates advanced security measures to protect user data and financial transactions. Players can engage with confidence, knowing that their information is handled with care.

Transparency is another key strength. Clear terms, fair gameplay policies, and straightforward processes contribute to a sense of reliability. When players feel secure, they are more likely to enjoy the experience without hesitation.

Advertisement

Smooth Payment Options

A seamless financial system can greatly enhance user satisfaction. Betpanda offers multiple payment methods, allowing players to deposit and withdraw funds with ease. The process is designed to be quick and efficient, minimizing delays and reducing frustration.

Flexibility in payment options also means that users from different regions can find methods that suit their needs. This inclusivity adds to the platform’s global appeal.

Bonuses and Promotions That Add Value

One of the most exciting aspects of playing at Betpanda is the range of bonuses and promotions available. These offers provide players with additional opportunities to extend their gameplay and explore more features.

Welcome bonuses create a strong first impression, while ongoing promotions reward loyal users. Instead of feeling like temporary incentives, these bonuses become part of a larger experience that encourages continued engagement.

Advertisement

However, it is always wise for players to review the terms associated with each offer. Understanding the conditions ensures a smoother and more enjoyable experience.

Responsible Gaming Approach

While the thrill of gaming can be captivating, Betpanda promotes a balanced approach. The platform encourages responsible gaming practices, reminding users to play within their limits. This focus on well-being reflects a mature and ethical perspective.

Features that allow players to manage their time and spending contribute to a healthier gaming environment. By prioritizing responsibility, Betpanda creates a space where entertainment remains positive and controlled.

Customer Support That Listens

Even the most well-designed platforms can present occasional challenges, which is why reliable customer support is essential. Betpanda offers responsive assistance to help users resolve issues quickly.

Advertisement

Support channels are accessible and designed to provide clear solutions. Whether it is a technical question or a payment inquiry, players can expect prompt and helpful responses. This level of care strengthens trust and enhances the overall experience.

A Community Driven Experience

Beyond games and features, Betpanda fosters a sense of community. Players are not just users but participants in a shared environment. This subtle yet powerful aspect adds depth to the platform.

Engaging with others, exploring new games together, and sharing experiences creates a more immersive atmosphere. It transforms gaming from a solitary activity into a connected journey.

Final Thoughts

Playing at Betpanda is more than just placing bets or spinning reels. It is about entering a thoughtfully crafted digital space where entertainment meets reliability. The platform’s combination of diverse games, secure systems, user-friendly design, and responsible practices makes it a compelling choice for modern players.

Advertisement

As the online gaming industry continues to grow, platforms like Betpanda stand out by focusing on what truly matters. A smooth experience, a sense of trust, and the freedom to enjoy gaming on your own terms. For those seeking a refined and engaging environment, Betpanda offers a journey worth exploring.

Advertisement
Continue Reading

Business

SpaceX prepares for largest ever IPO with potential $1.75 trillion valuation

Published

on

SpaceX prepares for largest ever IPO with potential $1.75 trillion valuation

SpaceX is preparing for what could become the largest stock market debut in history after confidentially filing for an initial public offering that may value the company at more than $1.75 trillion.

The Elon Musk-led group has submitted a draft IPO registration to the US Securities and Exchange Commission, according to reports, setting the stage for a landmark listing that would dwarf previous tech flotations.

The move comes amid a surge of interest in artificial intelligence and space-based infrastructure, with other high-profile firms such as OpenAI and Anthropic also exploring potential public listings.

SpaceX’s IPO plans follow its recent merger with xAI, Musk’s artificial intelligence venture behind the Grok chatbot. The combined entity has already been valued at around $1.25 trillion, with SpaceX accounting for the bulk of that figure.

The integration of space technology with AI capabilities is central to the company’s strategy, positioning it at the intersection of two of the fastest-growing sectors in the global economy.

Advertisement

The company is reportedly preparing investors for the listing through a series of briefings, including an analyst day scheduled for April 21 and further meetings with banks in early May.

Analysts are also expected to be given insight into xAI’s operations, highlighting the increasing importance of artificial intelligence within the broader SpaceX ecosystem.

Founded in 2002 by Elon Musk, SpaceX has become the dominant force in the global launch market, conducting more rocket launches annually than any other company.

Its operations span advanced rocket development, satellite deployment and the fast-growing Starlink network, which provides broadband connectivity worldwide.

Advertisement

The company is also exploring ambitious new projects, including plans to deploy up to one million satellites designed to function as orbital data centres, potentially transforming how computing power is delivered globally.

Beyond its commercial operations, SpaceX continues to pursue Musk’s long-standing vision of expanding human presence beyond Earth.

The company is working towards establishing a self-sustaining lunar base within the next decade and has outlined plans to begin building a city on Mars within five to seven years, although Musk has indicated that the Moon remains the immediate priority.

A successful IPO at the scale envisaged would have significant implications for global financial markets, potentially becoming the largest listing ever and reshaping investor exposure to both space and AI technologies.

Advertisement

It would also mark a major milestone in the commercialisation of space, signalling that the sector has matured into a core component of the global technology landscape.

While details of the listing, including timing and final valuation, remain subject to market conditions and regulatory approval, the scale of the proposed IPO underscores the rapid evolution of both the space and AI industries.

For investors, the offering represents a rare opportunity to gain exposure to a company that sits at the forefront of multiple transformative technologies.

For the broader market, it could set a new benchmark for tech valuations and further accelerate competition in sectors that are already redefining the future of the global economy.

Advertisement

Amy Ingham

Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.

Advertisement
Continue Reading

Business

Smarter snack packaging reduces waste, labor

Published

on

Smarter snack packaging reduces waste, labor

Snack manufacturers look to incorporate digital controls and high-tech automation to reduce the costs of their packaging operations.

Continue Reading

Business

NFL asks prediction markets to refrain from ‘objectionable bets’

Published

on

NFL asks prediction markets to refrain from 'objectionable bets'

The NFL shield logo on the field during a preseason game between the Los Angeles Rams and the Houston Texans at NRG Stadium in Houston on Aug. 24, 2024.

Ric Tapia | Getty Images Sport | Getty Images

The NFL is asking prediction market operators to keep specific event contracts that the league deems “objectionable bets” off of their platforms.

Advertisement

In a letter obtained by CNBC, the league outlines examples of event contracts that could be easily manipulable by a single person, inherently objectionable, related to officiating and knowable in advance — and asks that operators refrain from offering such trades.

The NFL declined to comment on which companies received the letter, but said it was sent to operators that are registered with the Commodity Futures Trading Commission and that offer NFL trades.

Prediction platforms Kalshi and Polymarket have dominated the burgeoning predictions industry in recent months, spurring sports betting incumbents like FanDuel and DraftKings to enter the predictions space, as well.

“Sports prediction markets are not effectively regulated currently,” NFL executive vice president Jeff Miller said in a statement. “We will continue to engage with the CFTC in pursuit of the necessary guardrails to protect both the integrity of the game and consumers participating in these rapidly evolving markets.”

Advertisement

While some leagues such as the NHL, MLB and MLS have embraced prediction markets, signing operators as partners, the NFL has been more cautious.

“There is no greater priority for the NFL than protecting the integrity of our games and the welfare of our players,” the letter stated.

Get the CNBC Sport newsletter directly to your inbox

The CNBC Sport newsletter with Alex Sherman brings you the biggest news and exclusive interviews from the worlds of sports business and media, delivered weekly to your inbox.

Subscribe here to get access today.

Advertisement

In the letter, signed by NFL Chief Compliance Officer Sabrina Perel, she says it is encouraging that the CTFC recognizes that sports-related prediction markets should be regulated differently than other futures contracts.

The examples provided in the letter of events that could be easily manipulated by a single person included whether a kicker would miss a field goal, a quarterback’s first pass being incomplete or a receiver missing their first target.

The list also included nongame-related event contracts, such as broadcast mentions, or appearances by fans or celebrities at the games. During the Super Bowl, these types of wagers were extremely popular, such as whether Jeff Bezos would be in attendance.

Kalshi CEO Tarek Mansour told CNBC after the February championship game that the prediction platform saw more than $100 million in trading volume alone on a question of what halftime performer Bad Bunny’s first song would be.

Advertisement

The league also took issue with “inherently objectionable” wagers such as play injuries, fan safety and play misconduct.

The letter concludes by saying the NFL would be happy to meet to discuss “our views on sports prediction markets in greater detail, including prohibited bettors, information sharing with leagues and responsible betting measures.”

Disclosure: CNBC and Kalshi have a commercial relationship that includes a CNBC minority investment.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Advertisement
Continue Reading

Business

McDonald’s reveals full McValue menu for major value-driven comeback

Published

on

McDonald’s reveals full McValue menu for major value-driven comeback

McDonald’s isn’t playing chicken with the competition anymore.

On Thursday, the fast-food giant announced the full lineup of its revamped McValue menu, signaling a strategic retreat from record-high prices that have alienated its core middle-class customer base.

Advertisement

Starting April 21, the world’s biggest burger chain is launching a standardized, nationwide McValue menu featuring 10 items under $3 and a new $4 breakfast bundle. The new strategy prioritizes “predictable everyday low prices” over complex, app-only digital coupons, aiming to win back commuters and shift workers who rely on the Golden Arches as part of their daily routines.

“For generations, McDonald’s has been committed to delivering great value our fans can count on,” Chief Marketing and Customer Experience Officer for McDonald’s USA Alyssa Buetikofer said in a press release. “As our customers’ expectations evolve, we’re making it easier for them to get the value they’re looking for – on their terms. McValue offers more choice, more flexibility and more ways to build a meal that fits their day and budget.”

ARE ROBOTS COMING TO A MCDONALD’S NEAR YOU?

The under-$3 offerings will be available in stores every day, and throughout the year, McDonald’s will spotlight select entrée favorites at lower prices for a limited time nationwide. To start, the Sausage McMuffin will cost $1.50, and the McDouble will be priced at $2.50.

Advertisement
McDonald's customers order at screens

Customers using touchscreen kiosk ordering system inside McDonald’s, Washington Avenue, Miami Beach, Florida. (Getty Images)

Customers who stop by for breakfast also have $4 meal deal options, which include a Sausage McMuffin or biscuit served with a hash brown and a small coffee.

McDonald’s will continue offering its $5 and $6 lunch and dinner meal deals, originally announced last year, which come with a four-piece Chicken McNuggets, small fry and small fountain drink.

“Value at McDonald’s isn’t a moment – it’s a journey we’ve been building together over time,” store owner-operator and OPNAD Chair Scott Rodrick also said. “This next evolution of McValue builds on what fans already love, and as franchisees, we’re excited to offer fans more options that fit their lives, routines and budgets.”

The fast-food industry is currently embroiled in a so-called “CEO war,” with major players like Wendy’s, Taco Bell and Burger King aggressively cutting prices to capture a shrinking pool of discretionary spending as U.S. inflation remains above the Federal Reserve’s target rate.

Fox News previously reported that McDonald’s prices rose sharply post-pandemic, with millennials especially vocal on social media about how much menu costs have increased since their childhoods.

A social media user shared a viral graphic claiming a McDonald’s feast once cost about $12 total — with medium fries at 99 cents, a cheeseburger at 79 cents and a Big Mac at $1.85. The post also said a Filet-O-Fish sold for $1.29 in 1991 and a medium drink for 89 cents.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Advertisement

The company has capitalized on its $5 meal deal, various holiday promotions and the revival of its Monopoly sweepstakes. The strategy appeared to work, as U.S. sales rose 6.8% in the fourth quarter — the biggest jump in about two years — as lower-priced offers and aggressive promotions drove traffic back into restaurants. Analysts had expected a 4.9% gain.

McDonald’s recently ranked No. 10 on Entrepreneur’s Franchise 500 annual list, which evaluates costs, fees, size, growth, support, brand strength and financial stability. The 2026 report marks McDonald’s first Top 10 appearance since 2020, when it placed No. 3. The chain ranked No. 22 in the 2025 rankings.

READ MORE FROM FOX BUSINESS

Advertisement
Continue Reading

Business

Is Alphabet (GOOG) a Buy Now? Strong AI Momentum and Analyst Optimism Offset Near-Term Valuation Concerns

Published

on

Google May Avoid Harsh Penalties as Judge Eyes Softer Antitrust

Alphabet Inc. shares traded near $294 on Friday morning as investors weighed whether the Google parent company represents a compelling buy amid robust artificial intelligence growth, record revenue and looming capital spending increases.

Google May Avoid Harsh Penalties as Judge Eyes Softer Antitrust

The Class C shares (GOOG) were down about 0.44% at $293.61 in mid-morning trading, according to market data. The stock has consolidated after strong gains in 2025, when it climbed roughly 60-66% as AI optimism lifted the broader technology sector.

Analysts largely say yes to buying the dip. Wall Street maintains a strong buy consensus on Alphabet, with an average 12-month price target around $368 to $379, implying 25-30% upside from current levels. J.P. Morgan recently reiterated a buy rating with a $395 target, while other firms see potential to $420. Consensus ratings from dozens of analysts skew heavily bullish, with few holds and no sells.

Alphabet delivered a standout fourth-quarter performance when it reported results in early February. Consolidated revenue jumped 18% year-over-year to $113.8 billion, beating Wall Street expectations of about $111.4 billion. Net income rose 30% to $34.5 billion, with earnings per share climbing 31% to $2.82.

For the full year 2025, revenue surpassed $400 billion for the first time, up 15%. Google Search & other advertising grew 17%, YouTube ads contributed solidly, and Google Cloud exploded 48% in the quarter to $17.7 billion on surging demand for AI infrastructure and solutions. Operating margin held steady near 32% despite a $2.1 billion stock-based compensation charge tied to self-driving unit Waymo’s valuation increase.

Advertisement

CEO Sundar Pichai highlighted momentum across the board. “The launch of Gemini 3 was a major milestone,” he said, noting the Gemini app had grown to over 750 million monthly active users. Search usage hit record levels, with AI driving expansion rather than cannibalization. YouTube’s combined ad and subscription revenue exceeded $60 billion annually, and consumer subscriptions topped 325 million.

Google Cloud ended 2025 with an annual run rate above $70 billion. Pichai signaled heavy investment ahead, guiding 2026 capital expenditures to $175-185 billion, primarily for AI data centers, custom chips like the Ironwood TPU, and energy infrastructure.

That spending commitment sent shares lower in the immediate aftermath of the earnings release, as investors fretted about margin pressure in the short term. Yet many analysts viewed the move as a positive long-term signal of confidence in AI’s payoff.

“Gemini and Google Cloud put the company in the AI revolution’s pantheon,” one Seeking Alpha analysis noted, citing falling serving costs for AI models and accelerating adoption. Waymo, meanwhile, continues to scale robotaxi operations, recently closing a $16 billion funding round that valued the unit at $126 billion and signaling commercial traction with hundreds of thousands of paid weekly rides.

Advertisement

Despite the upbeat fundamentals, risks remain. The U.S. Department of Justice’s antitrust case against Google’s search monopoly continues to wind through appeals. A 2025 court ruling found Google violated antitrust laws and ordered behavioral remedies, including ending exclusive default deals and sharing certain search data with competitors. Both sides appealed aspects of the decision in early 2026, with implementation oversight ongoing. A separate ad tech case could lead to further remedies, though a breakup remains unlikely.

Regulatory uncertainty has weighed on sentiment at times, but Alphabet’s diversified growth engines — search, cloud, YouTube, subscriptions and emerging bets like Waymo — have helped the stock weather the scrutiny better than some feared.

Valuation presents another consideration. At current prices, Alphabet trades around 27-29 times forward earnings, a level many view as reasonable given projected EPS growth into the low teens for 2026. The price-to-earnings-to-growth ratio sits near 0.7 for some forecasts, suggesting the stock remains undervalued relative to its growth prospects.

Zacks and other screens have flagged Alphabet as attracting investor attention, with several strong-buy ranked names in the sector for April 2026. Watcher Guru predicted the stock could recover above $310 by month-end, while longer-term forecasts see potential for $380 or higher by year-end 2026.

Advertisement

Bullish voices point to multiple growth levers. AI integration across Search, Gmail, Docs and other products is expanding usage. Cloud is winning enterprise deals on AI infrastructure. Waymo’s progress in autonomous driving could eventually contribute meaningfully, with some analysts eyeing mid-2026 catalysts around further city expansions or even an IPO path.

Google I/O in May is expected to showcase Gemini advancements, potentially including more “agentic” AI capabilities that perform complex tasks autonomously. Cost efficiencies, such as an 80% reduction in some AI serving expenses through proprietary techniques, should help offset heavy capex.

Bears, though a minority, cite intensifying competition in AI from OpenAI, Anthropic and others, plus potential margin compression from 2026’s massive infrastructure buildout. Economic slowdowns could also pressure advertising spending, Alphabet’s core revenue driver.

Yet the overwhelming analyst view remains constructive. With 47 buy ratings against just four holds in one recent tally, the street sees Alphabet as well-positioned in the AI era. “AI boosts Search & Cloud, Gemini drives adoption,” noted one upgrade to strong buy with a $440 target.

Advertisement

For income-oriented investors, Alphabet initiated a dividend in recent years, adding another layer of appeal.

As of early April 2026, with Q1 earnings due around April 23, the stock appears to offer a balanced risk-reward for long-term investors comfortable with tech volatility. Those betting on sustained AI leadership and cloud momentum view the current consolidation as a buying opportunity.

Short-term traders may await clearer signals from upcoming AI events and the resolution of capex digestion. Broader market sentiment, interest rates and any fresh antitrust developments will also influence near-term moves.

Alphabet’s track record of beating estimates — it has done so consistently in recent quarters — provides a buffer. The company’s scale, cash flow generation (record operating cash flow of $52.4 billion in Q4) and free cash flow strength support both aggressive investment and shareholder returns.

Advertisement

In summary, while not without risks from regulation and spending, Alphabet’s combination of market-leading positions in search and advertising, explosive cloud growth and frontrunner status in consumer and enterprise AI positions it as a core holding for many growth portfolios. Most Wall Street professionals would characterize the stock as a buy at current levels for investors with a multi-year horizon.

Continue Reading

Business

National Minimum Wage rises this week

Published

on

National Minimum Wage rises this week

Around 2.7 million people are set to receive a pay rise this week as the national minimum wage goes up by 50p to £12.71 for over 21s.

Continue Reading

Business

Eamonn Boylan: Tributes pour in for former GMCA and Stockport chief

Published

on

Business Live

Former chief executive of Greater Manchester Combined Authority described as ‘influential leader’ by Andy Burnham

Eamonn Boylan, outgoing chief executive of the Greater Manchester Combined Authority and Transport for Greater Manchester. March 2024

Eamonn Boylan, pictured in 2024(Image: GMCA)

Warm tributes have been paid to Eamonn Boylan, one of the leading figures in Greater Manchester politics for more than four decades, who has died aged 66.

Advertisement

His death was confirmed today (2 April) by the Greater Manchester Combined Authority (GMCA), where he was chief executive from 2017 to 2024. Mayor Andy Burnham described his passing as a ‘devastating loss’ while paying tribute to the ‘influential’ public servant.

Mr Boylan assumed the top role at the GMCA in 2017, taking responsibility for Greater Manchester Fire and Rescue Service (GMFRS) as well. In 2019, he also assumed control of TfGM and supervised the process of returning buses to public ownership for the first time in 40 years.

His 42-year career included roles in local government across Manchester, Sheffield and London, alongside a stint as Stockport council’s chief executive before assuming leadership at the GMCA. He was appointed an Officer of the Order of the British Empire (OBE) in 2023 for his contribution to local government, reports the Manchester Evening News.

Mr Boylan stood down following the mayoral elections in May 2024. In the wake of his death, a book of condolence has been opened at Manchester Central Library. Mr Burnham said: “This is a devastating loss, and my thoughts today are with Eamonn’s family, friends, and all those who knew him. Eamonn was the public servant’s public servant, and a giant of English devolution. He led from the front but was rarely in the spotlight, taking every opportunity to lift up and empower those around him.

Advertisement

“At the most crucial moment in Greater Manchester’s devolution journey, he took the foundations laid by past leaders and built it into an effective, efficient machine that continues to deliver. The fact that we are the UK’s fastest-growing city region is a testament to his leadership.

“For the seven years we worked together he was a source of great support, guidance, good humour, and friendship. I will always count myself fortunate to have worked alongside him.”

GMCA group chief executive Caroline Simpson added: “I am so deeply sorry for Eamonn’s family and loved ones, and for all of us that had the privilege of working closely with him through our careers. He was such an influential leader, in Greater Manchester and English devolution, and his impact cannot be overstated.

“But he was also an inspiration to so many people personally; a friend and a mentor whose massive intellect, humility, humour and kindness shone through every day. His dedication and his determination to get things done will leave a lasting legacy here.

Advertisement

“He will remain an indelible part of the fabric of our city region’s growth and success.”

Councillor Mark Roberts, leader of Stockport council, said: “We are very saddened to hear of the passing of Eamonn Boylan and on behalf of the Council, I would like to offer our deepest sympathies to Eamonn’s family, friends and former colleagues at this very difficult time.

“Stockport is the place it is today because of the strong foundations Eamonn helped to build. His leadership gave our borough confidence, and his legacy can be seen in our town’s physical investment and ambition that carries through to today and the future.

“Eamonn dedicated his life to public service and was held in high regard not just for his professionalism, but for the way he worked with people across the council and across political lines with a focus on always doing the right thing for local communities.

Advertisement

“On behalf of the Council, I would like to thank Eamonn for his service, his commitment to Stockport and the lasting contribution he made to our borough.”

Manchester council leader Bev Craig said: “I’m shocked and saddened by the loss of Eammon Boylan – a man who loved and contributed immensely to our city.

“Eamonn was a remarkable servant to Manchester and Greater Manchester over his long career and is held in high esteem by everyone who worked with him.

Eamonn Boylan, left, speaks at a 2017 Stockport Economic Breakfast

“After a long history of working in local government, including as Manchester’s deputy chief executive before becoming the inaugural chief executive of the combined authority, he led the transformation of Greater Manchester.

Advertisement

“When we needed someone to step up as the Council’s interim chief executive in 2024/25 while we recruited for the permanent role, Eammon was the obvious choice and I was delighted when accepted the chance to help our city.

“He leaves an important legacy in the modern, confident Greater Manchester we see today and the gains we’ve made, especially across regeneration and housing. But he also leaves a human legacy, for those colleagues and friends who knew him so well, and like me will sorely miss him.

“Our thoughts are with Maria, his two children, wider family and friends and all who are affected by his loss.”

Tom Stannard, chief executive of Manchester Council, said: “I am deeply saddened at the news of Eamonn’s sudden passing. It has been a privilege to work with Eamonn over the years, both in Manchester and across all my previous years in Greater Manchester including as chief executive of Salford City Council.

Advertisement

“He has been a mentor, confidante and adviser to me and many colleagues – always a source of great wisdom, advice and humour in the face of challenges, generous with his time and attention, and someone with an unswerving commitment to improving the whole of Greater Manchester for the benefit of its residents.

“Eamonn was an exemplary public servant and someone who has made a lasting positive impact on the area. He was a wonderful colleague and friend to many, myself included. He will rightly be remembered among the best public servants of Greater Manchester’s recent history. My thoughts, deepest condolences and love are with Maria and his family.”

Continue Reading

Business

Pro Tip: Turn by-products into functional ingredients

Published

on

Pro Tip: Turn by-products into functional ingredients

Upcycled ingredients can be leveraged to tailor dough rheology, texture and shelf life.

Continue Reading

Business

Mortgage rates rise to 6.46%: Freddie Mac

Published

on

Mortgage rates rise to 6.46%: Freddie Mac

Mortgage rates rose this week as the conflict in Iran continues to weigh on markets, mortgage buyer Freddie Mac said Thursday.

Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.46% from last week’s reading of 6.38%. 

Advertisement

The average rate on a 30-year loan was 6.64% a year ago.

Real estate agent and a couple.

A real estate agent shows prospective homebuyers a new location. (Getty Images)

“With spring homebuying season in full swing, aspiring buyers should remember to shop around for the best mortgage rate, as they can potentially save thousands of dollars by getting multiple quotes,” said Sam Khater, Freddie Mac’s chief economist.

LOS ANGELES LEADS NATION IN MASSIVE POPULATION EXODUS AS ‘BREAKING POINT’ HITS GOLDEN STATE

The average rate on a 15-year fixed mortgage ticked higher to 5.77% from last week’s reading of 5.75%.

Advertisement

MIAMI OVERTAKES LOS ANGELES AND NEW YORK AS WORLD’S RISKIEST HOUSING MARKET FOR BUBBLE RISK

Home for sale

Home for sale in Evesham Twp., N.J., Feb. 26, 2023. (Fox News)

Mortgage rates are affected by several factors, including the Federal Reserve and geopolitics. Though mortgage rates are not directly affected by the Fed’s interest rate decisions, they closely track the 10-year Treasury yield. The 10-year yield hovered around 4.3% as of Thursday afternoon.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Advertisement
Continue Reading

Trending

Copyright © 2025