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Hecla Mining Shares Rise as Silver Producer Posts Debt-Free Balance Sheet and Record Output This Quarter

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Hecla Mining Shares Rise as Silver Producer Posts Debt-Free Balance

Shares of Hecla Mining Company rose Wednesday to $16.80, up 9.16%, extending gains following the company’s second-quarter results released Tuesday, which showed the largest silver producer in the United States and Canada achieving a debt-free balance sheet alongside record production at one of its key operations.

The Coeur d’Alene, Idaho-based miner reported cash flow from continuing operations up 61% year over year to $175 million, while free cash flow more than doubled from the prior year to $136 million, results the company described as reflecting the strongest balance sheet in its history.

Record Production at Lucky Friday

Hecla’s Lucky Friday mine set a new quarterly production record during the period, contributing to consolidated silver output from continuing operations that rose to 4.2 million ounces for the quarter. Greens Creek, the company’s flagship low-cost operation located near Juneau, Alaska, continued to deliver strong production, while the company’s Keno Hill operation in Canada’s Yukon territory posted its fourth consecutive quarter of positive free cash flow, a milestone the company said demonstrated the mine’s underlying profitability at current throughput rates and silver prices.

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Despite the strong operational performance, Hecla’s overall revenue for the quarter came in at $334 million, representing an expected pullback from a record prior quarter, primarily reflecting lower realized silver and gold prices during the period. Income from continuing operations totaled $118 million, or 18 cents per share, down from $165 million, or 25 cents per share, in the first quarter, while adjusted EBITDA from continuing operations fell 25% sequentially to $199 million but remained more than double the $93 million posted in the same period a year earlier.

Debt-Free for the First Time in Years

A central highlight of Hecla’s results was the redemption of its remaining $263 million in 7.25% senior notes, a move that leaves the company debt-free, excluding financial leases, for the first time in its recent history. That redemption followed the earlier closing of the sale of Hecla’s Casa Berardi operation, which the company said sharpened its focus on its core silver business while also enabling the earlier redemption of a separate tranche of senior notes in April.

Hecla ended the quarter with a cash position of $483 million, alongside an undrawn $225 million revolving credit facility, giving the company substantial financial flexibility as it continues investing in its operating mines and exploration programs. The company also declared cash dividends on both its common and preferred stock, with a common stock dividend of $0.00375 per share payable to shareholders of record as of Aug. 26, alongside a larger preferred stock dividend tied to a mid-September record date.

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Exploration Fuels Long-Term Optimism

Beyond its quarterly financial results, Hecla has continued reporting strong exploration and definition drilling results across several of its key properties, including extensions of high-grade mineralization at Keno Hill and the discovery of new high-grade veins at its Midas property. The company has said these results support its broader district-scale growth strategy, with additional drilling recently initiated at its Hollister property and further exploration planned at Aurora in the coming weeks.

Rob Krcmarov, Hecla’s president and chief executive officer, addressed the company’s strengthened financial position in a statement following the company’s first-quarter results earlier this year, saying the results demonstrated the strength of the platform Hecla has built, and specifically pointed to the Casa Berardi sale and subsequent debt redemption as leaving the company with the strongest balance sheet in its recent history.

A Cautious Note From Analysts

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Not all analyst commentary surrounding Hecla has been uniformly bullish. Scotiabank recently trimmed its price target on the stock to $21 from $25, citing more cautious expectations for gold prices heading into 2027, even as the firm maintained a relatively more constructive stance on the outlook for silver pricing specifically. A separate non-binding memorandum of understanding with NVRO Metals, under which Hecla would process 35,000 tonnes of tailings, drew a modest premarket pullback in the stock at the time of its announcement, reflecting some investor concern about execution risk associated with the arrangement despite its potential long-term strategic upside.

Guidance for the Remainder of the Year

For the full year 2026, Hecla has maintained its consolidated silver production guidance in a range of 15.1 million to 16.5 million ounces, alongside consolidated gold production guidance of 65,000 to 72,000 ounces. The company’s shares had traded down as much as 20.9% year to date prior to this week’s rally, reflecting a period of broader caution across the metals sector even as the company’s underlying operational and financial performance has continued to strengthen.

With its balance sheet now debt-free and cash reserves continuing to build, Hecla’s near-term focus is expected to center on the completion of its surface cooling project at Lucky Friday, tracking toward completion by mid-2026, along with continued ramp-up efforts at Keno Hill following recent weather-related production disruptions tied to reduced power availability in the Yukon.

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Conagra reshuffles leadership amid retirements

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Conagra reshuffles leadership amid retirements

Amy Held joins company, Charisse Brock retires and Jon Harris pursuing other opportunities.

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Shake Shack Shares Jump on Starboard Stake

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Heather Haddon hedcut

Shake Shack shares shot up nearly 10% after the head of Starboard Value said the activist investment firm has built a stake in the burger brand.

Starboard CEO Jeff Smith said in a Wednesday interview on Bloomberg TV that the firm has a position in the stock worth several hundred million dollars.

Representatives for Shake Shack didn’t immediately comment. The New York-based company on Wednesday reported higher second-quarter sales, and its adjusted profits outpaced analysts’ expectations, though costs grew.

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How AI is changing jobs in the Philippines’ outsourcing industry

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Call centre workers waiting for the bus after their shift

Mary, another former content writer whose name we’ve changed, says her employer encouraged the use of AI as a productivity tool.

Instead of making her job easier, she says it created additional responsibilities.

“We had to edit more, fact-check more because the data AI produced was inaccurate,” she says. “Technically it was more work for us.”

Like Lisa, she was later made redundant.

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Companies are under pressure to implement AI, to reduce costs and increase productivity, experts say.

Teleperformance, the world’s largest call centre operator and one of the Philippines’ biggest private employers, has said AI offers an opportunity to augment rather than replace its workforce.

The company expects AI to handle routine interactions while human agents move into more complex roles.

Teleperformance has also said it plans to retrain employees.

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Accenture has similarly said that generative AI will reshape almost every job rather than eliminate positions.

The firm has promised to invest billions of dollars in AI capabilities and workforce training.

Concentrix – which is the biggest outsourcing firm in the Philippines – says its AI systems should remain under human oversight and has committed to training employees in the new technology.

Some Filipino managers are uneasy about AI and want to slow down adoption, according to Paul Quintos, from the University of the Philippines-Diliman.

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They are concerned about how much of the domestic workforce might be displaced.

“But there’s tremendous pressure from foreign clients to adopt AI,” he says. “It’s a major cost-cutting measure.”

Philippine outsourcing companies compete directly with rivals in India and elsewhere for contracts from multinational corporations.

Increasingly, those clients expect suppliers not only to provide cheaper labour, but also to integrate AI into the services they deliver.

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SpaceX Falcon 9 upper stage crashes into moon near Einstein crater

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SpaceX Falcon 9 upper stage crashes into moon near Einstein crater

A detached portion of a SpaceX rocket collided with the moon Wednesday morning, a NASA official confirmed to Fox News Digital.

The impact was made by the 8,818-pound upper portion of a SpaceX Falcon 9 rocket while traveling at a speed of 5,400 mph, according to Reuters.

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The rocket stage is “expected to create a crater about 60 feet wide and 12 feet deep and throw dust and rock outward as ejecta,” the NASA official told Fox News Digital.

SpaceX launched the rocket in January 2025 as part of a mission to land the Firefly Aerospace Blue Ghost Mission 1 lunar lander on the moon. The upper portion was not supposed to return to the moon, but was pulled back to the lunar surface due to “solar activity and gravitational forces,” the NASA official said.

NASA’s Jet Propulsion Laboratory confirmed Tuesday that the rocket portion had “a 100% chance of impacting the Moon.”

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Space view of the moon's cratered surface with a star-filled outer space background. Deep space exploration and astronomy concept. Moon with detailed craters and surface.

A SpaceX rocket stage crashed into the lunar surface on Wednesday, Aug. 5, 2026. (iStock / iStock)

Despite the uncommon nature of manmade objects hitting the moon, NASA advised that there is no danger to Earth, adding that “a meteoroid with the same energy as the upper stage hits the Moon about every six days,” according to the official.

The discarded section was projected to impact the moon near the Einstein crater at 2:35 a.m. Wednesday, according to NASA.

A SpaceX Falcon 9 rocket, carrying Firefly Aerospace's Blue Ghost and ispace's Resilience lunar landers, streaks into orbit after lifting off from Launch Complex 39A at the Kennedy Space Center in Cape Canaveral, Florida, on January 15, 2025.

A SpaceX Falcon 9 rocket, carrying Firefly Aerospace’s Blue Ghost and ispace’s Resilience lunar landers, streaks into orbit after lifting off from Launch Complex 39A at the Kennedy Space Center in Cape Canaveral, Florida, on Jan. 15, 2025. (Gregg Newton/AFP via Getty Images)

NASA CHIEF CONFIRMS AGENCY HAS UNEXPLAINED UFO IMAGERY: ‘WE DON’T KNOW WHAT IT IS’

NASA Administrator Jared Isaacman also said the impact was not a cause for concern during a Wednesday morning appearance on “Fox and Friends,” adding that the development of reusable rockets will further decrease the likelihood of future impacts.

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NASA Administrator Jared Isaacman delivers remarks at the American Institute of Aeronautics and Astronautics (AIAA) ASCEND 2026 Conference on May 19, 2026 in Washington, DC.

NASA Administrator Jared Isaacman delivers remarks at the American Institute of Aeronautics and Astronautics Ascend Conference on May 19, 2026, in Washington, D.C. (Kevin Dietsch/Getty Images)

“First of all, I’d say we’ve made a ton of progress. America leads the world in this regard. It used to be the case that all rockets were disposed in the ocean. Now you’ve watched over the last few years, I mean, SpaceX has recovered more than 600 of their boosters by bringing them back in a spectacular way to land on ships and land back on land,” he said.

“First, it’s very infrequent to have things like the Falcon 9 second stage crash into the moon. Second, it’s not a big deal right now. The moon has clearly seen better days, but once you have reusable upper stages like Starship is doing, you’re not going to be throwing them away, you’re going to be turning them, landing them on the moon, and they’re going to contribute to the city block we’re trying to build on the lunar surface,” Isaacman concluded.

Not only was the impact expected to cause minimal damage, NASA hopes that it will actually be able to study the event and garner scientific insights from observation.

NASA will use the Lunar Reconnaissance Orbiter and the ShadowCam instrument aboard South Korea’s Korea Pathfinder Lunar Orbiter to “look for chances to image the site before and after the impact,” the official told Fox News Digital.

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“Image availability will depend on lighting, orbital timing, and spacecraft position, and it may take several days to receive imagery. Any data collected will help scientists better understand artificial impacts and their exploration implications,” the official added.

Fox News Digital contacted SpaceX for added comment.

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

Fox News Digital’s Preston Mizell and Reuters contributed to this report.

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Fashion brand Jaded has ad banned for ‘glamorising smoking’

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A woman wearing sunglasses with light brown hair in a ponytail with her back to the viewer wears a bright purple dress, holding a slim cigarette in her left hand pictured in front of a blue sky and tree-covered mountains.

The ASA told the brand to stop using the ad and “ensure that their future marketing communications were socially responsible”.

Founded by siblings Jade Camber and Grant Goulden in 2013, Jaded London has amassed 1.5 million Instagram followers and is particularly popular among young people.

Its clothes are stocked in shops including Selfridges and Urban Outfitters and it made £51m of sales in the year to June 2025.

Responding to the watchdog, Jaded London argued it was “not clear” the model was holding a cigarette because it was slimmer than normal and “did not appear to be lit”.

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The company also argued it was “less prominent than other elements of the image, such as the model’s clothing and accessories”.

However, it said it “understood why it was best to avoid images of models holding cigarettes” and would not use smoking content in future ads.

At the time of writing, Jaded London’s Instagram feed contained several other images of people smoking while wearing its clothes.

A spokesperson for the ASA told the BBC it was unable to comment on whether the other posts broke the rules without them going through its formal process.

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“We’d always encourage anyone who has a concern about an ad they’ve seen to report it to us,” they added.

Jaded London was approached for comment.

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Attovia Therapeutics shares jump 24% in trading debut after IPO

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Attovia Therapeutics shares jump 24% in trading debut after IPO

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Disney parks buck travel slowdown

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Disney plans layoffs of as many as 1,000 employees

People gather at the Magic Kingdom theme park before the “Festival of Fantasy” parade at Walt Disney World in Orlando, Florida, U.S. July 30, 2022.

Octavio Jones | Reuters

Disney parks are defying a slump in international travel to the U.S., posting record quarterly revenue for the company’s experiences division on Wednesday.

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The experiences segment, which includes Disney’s theme parks, cruise line, resorts and consumer products, reported nearly $10 billion in revenue for the fiscal third quarter, a 10% jump from the same quarter a year prior and a quarterly record. The division has seen record revenue for six consecutive quarters.

The division recorded operating income of more than $3 billion, up 20% from the same period a year prior. Shares of Disney were 2% higher Wednesday.

“It’s important, I think, to highlight that we’re performing significantly better than our competition,” Disney CEO Josh D’Amaro said during Wednesday’s earnings call. “And in doing that, delivering strong volume and per [capita] spending results. And to remind everyone we’re achieving this even during a period where there’s a fair amount of macro uncertainty.”

Last month, rival Comcast reported lags in theme park attendance, particularly in Orlando, Florida.

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While tourism grew worldwide last year, the United States was the only major destination to see a drop in foreign visitors, according to the World Travel & Tourism Council. Overall, international travel to the U.S. fell 6%, the organization found.

Travel bans, visa fees and invasive searches at ports of entry are all factors in international travelers leaving the United States off their travel itineraries, according to the WTTC. Trade frictions, geopolitical unease and safety concerns have also contributed to the drop in demand for travel stateside, travel experts told CNBC.

And yet, at Disney, domestic park attendance was up 3% and guest spending rose 4%, CFO Hugh Johnston told CNBC. He also called out the “very strong attendance” at Walt Disney World in Orlando. 

“Those numbers are somewhat different than what you would have seen from our competitor down there, as well as some of the reported traffic coming through Orlando [International] Airport,” he added.

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The company attributed strong attendance to its Cool Kids Summer promotion, which features kid-focused character meet-and-greets, dance parties and air-conditioned hangout spots as well as free water park admission for hotel guests.

Disney also recently refreshed and reimagined park attractions like Buzz Lightyear’s Space Ranger Spin, Big Thunder Mountain Railroad and the Muppets-themed Rock ‘n’ Roller Coaster.

“Disney activated their fans to visit the theme parks during the quarter using a mix of marketing and discounting campaigns targeting young families and residents,” said Gavin Doyle, founder of MickeyVisit.com. “Despite a massive slate of upcoming rides that might have encouraged guests to delay their visits, Disney has found ways to create urgency and enticing opportunities to visit the theme parks now.”

These efforts “work to deepen [Disney’s] connection to modern audiences,” Doyle said.

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On the West Coast, the California-based parks had a similar promotion at Disneyland in Anaheim.

“Disneyland’s targeted discounts for California residents and kids ensured that families did not skip visiting the parks this year,” Doyle said.

Disney’s experiences segment also benefitted from the addition of two new ships to its cruise fleet, the Disney Destiny and the Disney Adventure. Together these cruise liners increased stateroom capacity by around 50% and helped push revenue from the resorts and vacations piece of the division up 17% to $2.77 billion for the fiscal third quarter.

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Nvidia Shares Jump Nearly 4% After SpaceX Names Chipmaker Its Exclusive AI Hardware Provider

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Buy or Sell AMD Stock in 2026? Analysts Bullish on

Nvidia shares climbed to $219.78 by mid-morning Wednesday, up 3.70%, after SpaceX confirmed the chipmaker would serve as the exclusive hardware provider for the space and technology company’s future artificial intelligence infrastructure, a deal that expands Nvidia’s reach beyond the traditional data center customers that have driven its rapid growth in recent years.

The gain came even as several of Nvidia’s chipmaking peers, including AMD, Intel and Micron, traded lower Wednesday, a divergence that traders attributed directly to the newly disclosed SpaceX partnership rather than broader sector-wide momentum.

SpaceX Commits to Nvidia Exclusively

The announcement came during SpaceX’s first earnings call as a newly public company, where Chief Executive Elon Musk confirmed the company would standardize its artificial intelligence infrastructure entirely on Nvidia hardware. The decision hands Nvidia another major AI customer and extends its opportunity into new categories of infrastructure investment beyond the hyperscale cloud providers that have historically represented the bulk of its data center revenue.

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SpaceX’s own results underscored the scale of its ambitions in this area. The company reported second-quarter capital expenditures of $18.4 billion, with roughly $15.8 billion, or about 86% of that total, directed toward expanding AI computing and cloud infrastructure. SpaceX said it expects to have more than 2 gigawatts of AI computing capacity online by the end of 2026, with that figure growing toward 10 gigawatts in 2027, while the broader power and cooling infrastructure supporting those systems is being designed to eventually handle between 15 and 20 gigawatts of capacity. Musk also used the call to preview upcoming updates to the company’s Grok AI models, saying Grok 4.6 would launch the following week, followed by Grok 4.7, with Grok 5 expected before the end of the year.

A Broader Market Rally Provides Additional Support

Nvidia’s advance also came amid a broader rally across global equity markets tied to easing geopolitical tensions surrounding the Strait of Hormuz and growing optimism over continued artificial intelligence infrastructure spending. Global risk appetite rebounded significantly this week, with major asset classes strengthening in tandem as risk premiums declined following the de-escalation in U.S.-Iran tensions, alongside cooling inflation expectations and continued strength in AI-related capital spending.

That rally extended well beyond U.S. markets. Japanese and South Korean stock indexes opened sharply higher Wednesday, driven by an overnight rally in U.S. technology and semiconductor shares. South Korea’s SK Hynix rose 7%, Samsung Electronics gained more than 4%, Japan’s SoftBank surged 9%, and Kioxia climbed 7%, reflecting broad-based enthusiasm across the Asian semiconductor supply chain that feeds into the broader AI infrastructure buildout Nvidia sits at the center of.

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A Disappointing Year So Far, Despite Wednesday’s Gain

Despite Wednesday’s rally, Nvidia’s stock has trailed the broader market for much of 2026, a departure from the pattern of the past three years, when the company’s shares consistently outpaced the S&P 500 during the first half of the year. Prior to Wednesday’s gain, Nvidia had risen only about 2% for the year, compared with roughly a 7% advance for the S&P 500 over the same period, according to recent market analysis.

That underperformance has come even as Nvidia’s underlying business has continued to benefit from the ongoing AI data center buildout, with the company’s graphics processing units widely regarded as the industry standard for AI computing workloads. Nearly every major company operating in the artificial intelligence space runs at least a portion of its computing workloads on Nvidia hardware, a dynamic that has continued to support demand even as the stock’s valuation has cooled somewhat from its earlier highs.

Looking Ahead to Nvidia’s Own Earnings

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Nvidia is scheduled to report its own second-quarter fiscal 2027 results on Aug. 26, an event that some market analysts have pointed to as a potential turning point for the stock after its relatively muted performance so far this year. Wall Street analysts are expecting revenue growth of approximately 96% for the quarter, according to recent estimates, with some analysts suggesting the company’s historical pattern of exceeding expectations could push that growth rate back into triple digits.

Continued signals from major AI hyperscalers about sustained or increasing capital expenditure plans have reinforced investor confidence that current AI infrastructure investment levels are likely to persist well into 2027, according to recent market commentary, helping ease earlier concerns among some investors about a potential plateau in AI-related spending.

Technical Signals Remain Constructive

From a trading perspective, Nvidia has continued to show relatively strong technical momentum in recent sessions. According to market data compiled through Tuesday, the stock carried a Buy Candidate rating from one closely tracked technical scoring service, with the rating unchanged from the prior session’s evaluation. Since a buy signal was first identified earlier this week, the stock had already risen more than 2% heading into Wednesday’s session, even as some technical indicators pointed to increasingly overbought conditions following the stock’s recent advance.

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Nvidia’s market capitalization stood at approximately $5.133 trillion as of Tuesday’s close, reflecting the company’s continued position as one of the most valuable publicly traded companies in the world, underpinned by its central role in the ongoing global buildout of artificial intelligence computing infrastructure.

A Widening AI Customer Base

The SpaceX partnership adds to a growing list of major technology companies and infrastructure operators that have committed to building out AI capabilities on Nvidia’s hardware platform, reinforcing the company’s position at the center of the broader AI investment cycle even as competition from rival chipmakers continues to intensify. With SpaceX’s own AI infrastructure ambitions scaling rapidly and additional capacity commitments already outlined through 2027, investors are likely to watch closely for further details on how quickly that partnership translates into concrete revenue for Nvidia in the coming quarters, alongside the company’s own upcoming earnings report later this month, which is expected to offer the clearest signal yet on whether the current AI infrastructure spending cycle remains as robust as recent corporate commentary suggests.

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B&G to name new CEO as Casey Keller retires

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B&G to name new CEO as Casey Keller retires

Successor from outside company in the wings, but identity withheld.

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Plan to fix flooding on A555 road to Manchester Airport

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Road has faced ‘longstanding challenges’ and disruption

Flooding on the A555 Airport Relief Road in Handforth following Storm Claudia in 2025

Flooding on the A555 Airport Relief Road in Handforth following Storm Claudia in 2025(Image: Ryan Jenkinson | Manchester Evening News)

Further plans have been put forward to tackle continuous flooding on a major road to Manchester Airport. Less than 10 years old, the A555 has faced ‘longstanding challenges’, causing major disruption for drivers.

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The road links Stockport and Manchester Airport to the wider network but after it opened in 2018, it has ‘experienced flooding during periods of prolonged and intense rainfall’ and was seriously affected in July 2019.

A review was carried out which found a number of issues and works were carried out. However due to the wider landscape, the road has still continued to flood despite measures being taken.

On New Year’s Day and New Years Eve between 2024 and 2025, there was ‘widespread flooding and disruption’ across the borough when a month’s worth of rainfall fell in a matter of hours and several rivers saw record water levels. The A555 also flooded and had to be completely closed to traffic with icy floodwaters having to be broken up by hand because gritting was ineffective.

In a new report, the council said: “Consistent with findings elsewhere across the borough, the flooding was not attributed to routine maintenance failures but instead reflected the exceptional rainfall intensity and the inability of drainage systems to discharge normally during periods of extreme river levels.”

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After this, the council looked at what further measures could be taken with interventions to improve drainage around Woodford and work was completed in July this year. Drainage from the Highfield Parkway housing estate and Woodford’s Recreation Ground were diverted into Spath Brook.

In a report presented to Stockport councillors on August 3, council officers said: “The next stage of work is to undertake improvements to pumping infrastructure serving the A555 at Hall Moss Lane to increase the overall pump capacity, with the works planned to start later this year.

“The requirement for these upgrades was identified following on-site testing which confirmed that the discharge rate from the pumps was significantly less than the green field run off rate for the catchment area, resulting in the pump station becoming overwhelmed during periods of heavy and prolonged rainfall.

“These works include replacement of existing pump equipment and increasing pumping capacity to improve the rate at which water can be removed from the highway drainage system during extreme weather events.”

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Going forward, the local authority said: “In the coming year, the council is looking at improvements to the pond capacity at the Oil terminal gyratory pond.

“Following the downstream improvements at the Hall Moss Lane pump station, it is proposed to increase the discharge rate from the ponds. An increase in discharge rate will reduce the drain-down time and allow for more flow to reach the pumping station outside of the critical storm event.

“This will mitigate the issue of the pond overtopping during periods of prolonged and heavy rainfall.”

At the meeting, Anne Nerney raised concerns about flooding at Spath Brook and Spath Lane fearing diverted water into the ‘small undredged brook’ could create issues. She asked the council for reassurance ‘my home will be safe and any future developments will not worsen this’.

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Councillors said they had passed the matter onto their planning team.

At the same meeting, councillors also approved plans to upgrade Bramhall High School. This partial redevelopment looks to address issues caused by ageing buildings built with concrete that is prone to collapsing without warning.

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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