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Financial Stocks Jump After Nvidia Confirms Huge AI Funding Deal

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Financial Stocks Jump After Nvidia Confirms Huge AI Funding Deal

Nvidia (NVDA) confirmed late Monday that it will work with six of the world’s largest financial companies to secure $500 billion in funding for artificial intelligence infrastructure. The financial stocks jumped on Tuesday. Nvidia stock also rose while rival AMD (AMD) fell intraday. The Financial Times first reported the development, which the AI chip giant confirmed after Monday’s market close.…

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Mayor Bev Craig’s plan to transform Greater Manchester’s high streets

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New mayor says there are ‘too many extractive or low-quality businesses on too many of our high streets’

Bev Craig with Jack Howard, landlord of the Britannia Inn, Middleton

Bev Craig, right, with Jack Howard, landlord of the Britannia Inn, Middleton (Image: LDRS)

New plans have been announced to transform high streets across Greater Manchester.

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Mayor Bev Craig is launching a £20m high streets fund which businesses and community groups can bid into, as a way of making improvements and attracting more visitors to local shops.

It comes as residents and leaders around the region have long warned that Greater Manchester’s high streets are struggling from changing shopping habits.

The mayor said ‘too many high streets’ in Greater Manchester don’t currently have the type of shops and services that local people want.

“My view is that there are too many extractive or low-quality businesses on too many of our high streets,” she said on Monday.

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“I think vape shops have become a bit of a symbol for that, how there can be so many on a high street people simply don’t understand.

“I’ve consistently called on government to make sure that they reform the system nationally that gives councils the power to say stop, too many, we don’t currently have that at the moment.

“I hope that the government will listen in the coming days around some of their announcements to do that.

“I think a high street just filled with those kinds of businesses means that people don’t come in, they don’t shop, they don’t spend time, and people want shops that they can go to.

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“I would like to see less vape shops, but I would also like to see more local independents supported to thrive, yes you need a mix of national corporations on the high street, but actually how we support locals and indies is a priority for me.”

Funding for the pledge will come from Greater Manchester’s Good Growth Fund.

A new high streets taskforce will also be set up to steer how the funding will be used and set priorities for breathing life back into high streets.

The announcements were made in Middleton town centre, where there are plans for a mayoral development corporation to drive improvements.

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People in Middleton said they want to see changes on their high streets.

Michael Joyce, 36, is a mental health nurse from Middleton and said: “They want to start by putting a bank in, and we need more shops, more places to go to.

“The high street connects the whole community really.”

Andrew Lord, 57, is the owner of Lords of Middleton butchers shop, a family-run business which has been in the town since 1893.

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Andrew Lord, owner of Lords of Middleton butchers

Andrew Lord, owner of Lords of Middleton butchers (Image: LDRS)

His shop was one of those visited by Bev Craig during a tour of the town centre.

Mr Lord said he felt ‘good’ after his conversation with the mayor about the future of Middleton.

“More banks and shops would give it a real boost, and there are all these empty buildings, they need to find a way of taxing landlords who own them to encourage them to get a shop in there,” he said.

Mr Lord said the loss of banks has been an issue in Middleton, adding: “They say they close because no one was visiting them, but here people were queuing out the door to go to the banks.

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“The banks save money when it’s all online.”

Jack Howard, 40, landlord at the Britannia Inn, said: “Middleton’s a great town, it’s not really that anti-social, I’ve been here 18 months and there’s very few incidents.

“You get the odd idiot, but it’s a handful of people. Middleton town centre is fantastic, it just needs a lick of paint, and it needs all the old buildings sorting out.

“You go to other town centres and they look beautiful and well kept, and we need to try and do that here.”

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Bev Craig said she would work with local leaders in Middleton to help get banking facilities back to the town.

She said: “We’re working with the shopping centre to see a new post office open.

“There was a lot of anxiety around the closure of the post office in the shopping centre, and I think that’s been task one.

“But secondly, through what we’ve been doing with the Middleton cooperatives, is trying to look at different banking solutions, be that the post office banking hub, where we’re making the case that Middleton should at least have one of those, where you can have different banks on different days.

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“Working with other financial institutions in and around Greater Manchester, and piloting some work with Manchester Building Society around community banking into community facilities.

“But different towns, depending on the size, depending on the need, need different things.

“The post office has been the priority because local businesses tell me, particularly when they operate in cash, it’s putting their trading at risk, not having somewhere to go to put in their cash and to operate businesses.

“So a matter of priorities, but using Middleton as a testbed as to how we solve some of the problems that we see in other places across Greater Manchester.”

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Dylan Williams is a councillor in Rochdale and serves as vice chair of Middleton Township Committee.

He said: “It’s a really exciting time for Middleton, we’ve got the mayoral development corporation which the Prime Minister [Andy Burnham] helped us set up, and I think Bev’s really keen to see it through.

“We’ve got some really positive announcements that we’re expecting for Middleton in the next few weeks that’s going to really enthuse people in the town.”

Mark Robinson, director of economy and place at Rochdale council, added: “We recognise that Middleton has got a really strong community, we want to put more events on, the events we do here are really successful, we’ve got this fantastic public space outside the shopping centre here, so there are opportunities for us to do more.

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“We really want to drive the footfall into the centre, improving those active travel public transport connections into the centre, and also we want much more residential, so the future of Middleton, like a lot of centres, will probably be a smaller retail core and introducing more evening night-time leisure uses and developing that housing offer around the town centre as well.”

Robert Downes, regional business manager for the Federation of Small Businesses in Greater Manchester, welcomed Bev Craig’s plan for high streets and said: “Our nation is essentially built around the notion of the ‘village centre’, with everything else emanating outwards. They are the beating hearts of communities and we need to look after them better.

“High streets need to be bright, welcoming and safe, with a healthy mix of shops and services that bring people in, where they will enjoy spending both time and money and keep coming back.

“Dilapidated centres that are poorly maintained and neglected should become a thing of the past, but making that vision a reality will require bold, out-of-the-box decision-making to ensure this new money is spent wisely on projects that can deliver the renaissance our high streets desperately need, and that’s ultimately about increasing footfall – substantially.

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“Bringing unloved, long-term empty premises back into use, I hope, will be a key part of this new scheme, and there has to be some work on accessibility too.

“Easy in, easy out – that’s what’s needed. Local councils and other bodies like TfGM and GMP will all need to work in lockstep with the mayor to make this a success.”

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Why JPMorgan is investing big in the 2028 LA Olympics

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Why JPMorgan is investing big in the 2028 LA Olympics

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the Pennsylvania Defense and Innovation Summit in Carlisle, Pennsylvania, July 15, 2026.

Tom Brenner | Bloomberg | Getty Images

LOS ANGELES – For years, JPMorgan executives have been talking with Olympics organizers about sponsoring the games. Before the next event, taking place in Los Angeles in 2028, the firm officially opted in — making a massive, nine-figure bet as the Games’ first-ever global banking partner. 

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While terms of the agreement were not disclosed, these types of partnerships are estimated to go for upwards of $200 million per four-year cycle. In an interview with CNBC, John Slusher, a former Nike executive and CEO of the U.S. Olympic and Paralympic Properties, called JPMorgan “as big a partner as we get.”

JPMorgan is also a vote of confidence for the organization’s highest level of sponsorship, called The Olympic Partners, which comes with exclusive marketing rights. The program, which was created in 1985, saw several major companies – including PanasonicToyota and Bridgestone – depart at the end of 2024. 

Slusher has been revamping the business model to attract big-ticket sponsors. He said organizers created a joint venture across the various properties to put all rights in one place for commercialization, so a company can pursue one deal across the LA Olympics, Team USA and the Paralympics, if it chooses.

He also said they’re trying out new marketing opportunities that extend beyond the games, including a torch relay that will extend for 100 days in all 50 U.S. states, as well as naming rights in a lot of the venues. 

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“We try to balance not overly commercializing the Olympics, which is really important, but also driving revenue, which helps us put on a better games,” Slusher said in the interview. 

JPMorgan’s partnership includes the LA 2028 Olympic and Paralympic games, as well as the games in the French Alps in 2030.

The company also announced last week that it plans to hire more than 100 additional business bankers across Southern California – a 30% increase – pegged to its presence at the LA Games. The firm already has 5 million consumer-banking customers and 589,000 small-business clients in Los Angeles, it said. 

“We think it’s really important for us to bring in the ecosystem that supports these small businesses, so that they can take advantage of what’s going on in the business of the Olympics,” said Carla Hassan, chief marketing officer of JPMorgan. 

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Hassan called the Olympics partnership a “firm-wide initiative” for JPMorgan. She said the company will evaluate the return-on-investment through brand strength, client and customer engagement, customer acquisition and employee pride.

It’s also the latest push for the firm that’s heavily invested in the sports industry, including across Madison Square Garden in New York and the Chase Center in San Francisco, home to the NBA’s Knicks and Golden State Warriors, respectively.

JPMorgan is also a long-time sponsor of the US Open Tennis Championships in New York, and it recently announced a multimillion-dollar deal to sponsor the athletic program at Ohio State University. And, earlier this year, it launched an Athlete Council, composed of all-star athletes including seven-time Super Bowl champion Tom Brady and World Cup champion Alex Morgan, with the aim of improving financial literacy and wealth management for those in the sports industry. 

Hassan said the opportunity to partner with the Olympics and Paralympics was unique and appealing because of its international reach. 

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“Very few partnerships are that global in nature, right?” Hassan said. “It really is its own animal.” 

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France bans unsolicited telemarketing calls

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Woman with angry expression holds phone up to her ear looking frustrated. She has brown hair and wears a grey knit top.

France has banned unsolicited telemarketing phone calls, in what a consumer group is hailing as a “small revolution” for the sales industry.

From Tuesday, unsolicited calls are prohibited for businesses in all sectors – but there are some exceptions.

Calls will only be permitted if they relate to a contract a person has already entered into or the company has obtained prior consent to be contacted for marketing.

“It cannot be stressed enough that peace and quiet is a right, and it is time to stop exposing consumers to unwanted solicitations,” consumer advocacy group Que Choisir Ensemble, said in a statement.

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“This observation also holds true online and on the street, which are saturated with demands to consume,” group president Marie-Amandine Stévenin added.

She said the group had long been advocating “for an end to the automatic assumption that someone in their home or private life is a potential customer.”

“This is a victory for consumers, the vast majority of whom do not want to receive sales calls,” she said.

But the law change has riled some business groups, and officials in Morocco, where the call centre sector is heavily reliant on the French market.

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One government minister estimated the telemarketing restrictions could lead to the loss of up to 50,000 jobs, according to a report in Moroccan newspaper Le Matin.

The head of France’s direct-selling trade association, the Fédération de la Vente Directe (FVD), also criticised the reforms for adding what he said were administrative burdens for businesses.

“You’ll have to obtain written consent from your customer, and you’ll also have to keep proof of that consent,” Frédéric Billon said in comments reported by the New York Times.

According to a 2025 parliamentary report, 97% of people are annoyed by telemarketing calls, with the authors wryly noting it is “one of those rare issues that unites people in France”.

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The same report found 72% of French people reported being contacted on their mobile phones at least once a week, while 38% said they were called once a day.

Germany, Austria and Italy are among the European countries that impose significant restrictions on telemarketing calls, often referred to as cold calls.

In the UK, most telemarketing calls are legal provided the recipient has not objected to the call and their number is not on a statutory list of people or businesses who do not want to receive calls.

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Warburton’s crumpet plant expands as baking giant continues its investment in Burnley

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1.4 million crumpets made every day at Warburton’s site

Two Warburtons crumpets on a plate

Warburtons makes hundreds of millions of crumpets a year(Image: Jess Flaherty/Liverpool ECHO)

Baking giant Warburtons has been given the go-ahead to start producing an industrial amount of an essential ingredient at its Billington Road factory, where two-thirds of the UK’s crumpets are produced every day.

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The new production capability is just one part of Warburtons’ large investment in its Burnley facilities, the main producer of sandwich thins, wraps, and crumpets for the UK’s largest baker.

This £100m nationwide investment in its manufacturing capacity was reaffirmed by the firm in May, just weeks after a fault on its potato cake line caused a massive fire that ripped through the facility.

It took two days and dozens of firefighters to put out this accidental blaze, which caused serious damage to a portion of the building, but left the important crumpet production area untouched.

1.4 million of these classic British breakfast staples fly out the door of the firm’s Burnley factory every day. That is almost 510 million over the 364 days the factory operates every year.

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But a key ingredient in producing the crumpets’ quintessential spongey structure, known as ‘cream yeast’, was previously having to be bought in. This living material feeds on the sugars in the mix and turns it into carbon dioxide, which creates the product’s bubbled texture.

However, after gaining planning permission from Burnley Council for the construction of a new bio-fermentation plant, Warburtons will now be able to produce vast quantities of this liquid yeast on site.

This is important as yeast is a living single cell microorganism, so transporting the ingredient to a factory inevitably causes it to become less effective and requires it to be less specialised for general sale.

But with these new fermentation tanks, Warburtons will be able to pipe its own specialised yeast straight into its manufacturing lines, or to its other factories.

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Warburtons on Billington Road, Burnley.

Warburtons on Billington Road, Burnley(Image: Google Maps)

Two 6.8 metre high steel fermentation tanks will form the centre of this new production compound, which is adjacent to the flour silo at the Billington Road site. This area will take over a portion of the car park, resulting in the loss of two spaces.

The new structure will help to boost the output of two new high-speed crumpet production lines at the facility that were announced in April, with Burnley-born yeast soon giving the baked product its distinctive bubbles.

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Federal budget deficit projected to reach $2.1 trillion in FY2026

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Federal budget deficit projected to reach $2.1 trillion in FY2026

The federal budget deficit is now expected to surpass $2 trillion this fiscal year, which would be one of the largest shortfalls on record as spending growth continues to outpace tax receipts.

The nonpartisan Congressional Budget Office (CBO) on Monday released its monthly budget update for July, which showed the federal government ran a nearly $1.8 trillion deficit through the first 10 months of fiscal year 2026, which runs through the end of September.

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That figure represents an increase of $169 billion when compared with the same 10-month period in fiscal year 2025. Federal spending increased $308 billion from a year ago, outpacing the $139 billion rise in tax receipts.

CBO also noted it now estimates the budget deficit will rise to $2.1 trillion, up $200 billion from last fiscal year, for the full fiscal year 2026 based on information available through the end of July.

US NATIONAL DEBT SURPASSES SIZE OF THE ECONOMY FOR FIRST TIME SINCE WORLD WAR II

The U.S. Capitol building at sunset

The federal government is on pace to run a $2.1 trillion budget deficit this year as fiscal year 2026 nears its end. (Kevin Carter/Getty Images)

“CBO expects 2026 outlays to be close to the February baseline amounts. Revenues, by contrast, are anticipated to be about $200 billion below the February projections, mostly because of smaller-than-expected collections of tariff duties – a result of a Supreme Court ruling handed down after CBO’s baseline was released,” the agency wrote.

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Increased spending was primarily driven by the cost of servicing the federal government’s more than $39 trillion national debt, as well as rising expenses for the government’s three largest mandatory spending programs – Social Security, Medicare and Medicaid.

Costs related to paying interest on the debt were up $117 billion, or 14%, in the first 10 months of fiscal year 2026 compared with the same period a year ago. The rise was attributed to higher long-term interest rates, as well as the larger national debt.

NATIONAL DEBT INTEREST AND ENTITLEMENT SPENDING PUSH FY2026 FEDERAL BUDGET DEFICIT TOWARD $2 TRILLION

Spending on Social Security benefits rose $70 billion, or 5%, from a year ago due to higher average benefits following inflation adjustments and an increase in the number of beneficiaries.

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Medicare costs increased $66 billion, or 8%, from a year ago due to increased enrollment and higher payment rates for healthcare services. Medicaid spending was up $45 billion, or 8%, because of rising costs per enrollee.

Tax revenue from both payroll and taxes rose by a combined $202 billion, or 5%, compared with a year ago. Withholdings from workers’ paychecks were up $141 billion, or 5%, amid rising wages and salaries. Tax refunds paid to individuals rose $23 billion, or 7%, due to provisions in the One Big Beautiful Bill Act (OBBBA).

WHAT ARE THE BIGGEST BUDGET DEFICITS IN US HISTORY?

Donald Trump celebrates 'big, beautiful bill'

The One Big Beautiful Bill Act was passed by Republicans and signed into law by President Donald Trump last year, which affected notable tax policies. (Tom Brenner For The Washington Post via Getty Images)

Corporate income tax collections were down $89 billion, or 23%, due to provisions in the OBBBA that expanded deductions for investments and resulted in fewer tax receipts.

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Collections of customs duties including tariffs increased $18 billion, or 13%, compared with the same period a year ago.

Through April, monthly collections were higher than they were a year ago, but net collections have declined sharply since May when the government began paying out tariff refunds under a Supreme Court ruling from February. CBO noted that about $100 billion in tariff refunds have been issued to date.

SOCIAL SECURITY’S MAIN TRUST FUND FACES DEPLETION IN 2032, TRIGGERING BENEFIT CUTS

Maya MacGuineas, president of the nonpartisan Committee for a Responsible Federal Budget (CRFB), said in a statement that federal borrowing has grown to an “astounding” level and that a deficit on track to surpass $2 trillion when the economy isn’t in a recession “is not normal.”

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“Incredibly, such an enormous level of borrowing barely scratches the surface of our fiscal deterioration,” she explained. “We are about to hit the sobering milestone of $40 trillion in gross national debt, and things are only likely to get worse.”

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“If lawmakers want to correct our fiscal course, they should start by targeting a reasonable fiscal goal, like 3% of GDP deficits, and then create a bipartisan commission to figure out how we should get there. We can no longer afford to put off the difficult decisions – the time to act is now,” MacGuineas added.

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California Resources: Executing On Strategic Priorities But Hedges Sap Away Earnings Power

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California Resources: Executing On Strategic Priorities But Hedges Sap Away Earnings Power

This article was written by

I am a Licensed Professional Engineer who works in the Nuclear Power industry. I use my professional working knowledge of the power/energy industries to aid in evaluating potential equities worthy of long-term investment. I invest in income producing equities and rental real estate properties for cash flow and long-term appreciation. My articles are to serve as a platform for presenting the underlying fundamentals and long-term potential of each equity/business.

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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Why Investors Fall for Shooting Stars | The Intelligent Investor for Aug. 11

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Why Investors Fall for Shooting Stars | The Intelligent Investor for Aug. 11
Jason Zweig


My colleague Spencer Jakab wrote last week about why investors seem to forgive fallen investing stars. A question that intrigues me is why investors fall for these shooting stars in the first place.

Leopold Aschenbrenner’s hedge fund Situational Awareness was up 270% this year through May and had amassed $45 billion at its peak.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Q-Park takes on 20 former NCP car parks

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Deal includes sites in Birmingham, Bristol, Manchester, Newcastle and Cardiff

General view of the Q-Park car park at Greenside Row, Edinburgh

The existing Q-Park car park at Greenside Row, Edinburgh(Image: Sunday Mail)

Q-Park has taken on 20 former NCP car park sites across the country in a “significant expansion” focused on town and city centres.

NCP, which operated more than 340 car parks across the UK, fell into administration in March. Now Q-Park has taken over the running of 20 former NCP sites on long-term leases after negotiations with their landlord.

The move comes two years after Q-Park acquired Britannia Parking, which it called a “significant milestone” in its growth. Several of the newly-acquired car parks will be run under the Britannia brand.

In a statement, Q-Park said: “With the previous operator of these locations having entered administration, there was a genuine risk that, like a number of other facilities, these car parks could have ceased operating. This acquisition helps secure their long-term future, ensuring that convenient parking remains available for the local community while providing continued support for local businesses, visitors and the wider local economy.”

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Q-Park said it also planned to carry out refurbishment work at its new sites, including improving pedestrian routes and potentially adding EV charging equipment.

Adam Bidder, managing director of Q-Park UK, said: “We are delighted to have completed this agreement, which marks a significant expansion of our portfolio of city centre parking facilities across the UK. It allows us to bring the Q-Park brand and service offering to a wider range of towns and cities, including locations where we have not previously operated. We remain committed to investing in our network and will continue to explore further acquisition opportunities as part of our long-term growth strategy.”

The car parks that will operate under the Q-Park brand

Birmingham – Newhall Street

Bristol – Rupert Street and St James Barton

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Cardiff – Greyfriars and Westgate Street

Colchester – High Street and Osborne Street

Hemel Hempstead – Hillfield Road

Ipswich – Tacket Street and Tower Ramparts

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Manchester – Palace and Sackville Street

Newcastle – John Dobson Street

Nottingham – Stoney Street

Truro – Highcross

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The car parks that will operate under the Britannia Parking brand

Birmingham – City Centre

Dundee – Willison Street

Gloucester – Blackfriars

Shrewsbury – Wyle Cop

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Wolverhampton – Piper’s Row

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Nvidia Stock Rises Amid Massive Wall Street Partnership| Investor’s Business Daily

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Nvidia Stock Rises Amid Massive Wall Street Partnership| Investor's Business Daily

Nvidia (NVDA) was reversing higher Tuesday after a nearly 3% fall to start the week. The stock has formed a clear base amid earnings reports from key players in the artificial intelligence field, including Advanced Micro Devices (AMD), Alphabet (GOOGL), Amazon (AMZN) and Microsoft (MSFT). With a market cap of $5.3 trillion, Nvidia has reclaimed its crown as the most…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Campbell’s Co. formulates gluten-free Goldfish

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Campbell’s Co. formulates gluten-free Goldfish

The crackers will launch in November.

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