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Tesco to open more Express stores as it snaps up Amazon Fresh sites

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Tesco already has more than 2,000 Express stores in the UK and Ireland

A Tesco Express sign

A Tesco Express sign

Tesco has revealed plans to expand its Express network with another 70 stores, including five former Amazon Fresh sites. The supermarket giant said it will open the new convenience store sites by March next year, following 60 Tesco Express openings in 2025.

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Its new shops will include five former Amazon Fresh stores bought by Tesco across London, in Kensington High Street, Hounslow, Moorgate, Aldgate East and Wembley, which will all reopen as Tesco Express stores before the summer.

The US tech group announced last September it was closing all of its Amazon Fresh shops, shutting the 19 remaining sites as it shifts operations back towards its online business.

Amazon said at the time it planned to convert five of these into Whole Foods stores.

Tesco already has just over 2,000 Express stores in the UK and Ireland.

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It said other new locations include in Bickington, Devon, Pontrhydyrun, Wales, Strabane, Northern Ireland and Wallyford in Scotland.

The group is also planning on opening two large stores in Scotland this year – in Pitlochry and Heartlands – following two superstore launches at the end of last year in Ripon and Harrogate in North Yorkshire.

Nick Johnson, Tesco group property director, said: “As we grow our store network we’re delighted to have the opportunity to serve even more people, in even more communities.”

The supermarket sector is pushing ahead with further convenience store rollouts amid a trend for shoppers to make fewer big store trips and more regular purchases from local stores.

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Instagram, YouTube addiction trial kicks off in Los Angeles

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Instagram, YouTube addiction trial kicks off in Los Angeles


Instagram, YouTube addiction trial kicks off in Los Angeles

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Mizuho downgrades Westlake Chemical stock to Neutral on weakening outlook

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Mizuho downgrades Westlake Chemical stock to Neutral on weakening outlook

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Florida condo market shifts with transparency law and court ruling

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Florida condo market shifts with transparency law and court ruling

For decades, purchasing a Florida condo was a leap of faith masked by palm trees and ocean views. But in the new year, the veil of secrecy has lifted.

Between a new mandatory digital transparency law and a landmark court ruling that handed a so-called “poison pill” to developers, the power dynamic in the Sunshine State has shifted dramatically.

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“I think it’s definitely correcting,” Douglas Elliman Palm Beach agent Jessica Julian told Fox News Digital about the state of the condominium market. “I would say last year we saw more of these older buildings were hurting, not as many buyers for them. Everybody was kind of scared to dip their toes into an older building after what happened in Miami on Surfside. And so now that assessments are being paid and repairs are being done, we’re definitely seeing that correction.”

“I think momentum is probably the best word that we have. Things have stabilized. We are gonna move forward… And again, the demand here in South Florida is so strong,” MIAMI REALTORS Chief of Residential & Advocacy Danielle Blake also told Fox News Digital.

FLORIDA’S AGING WATERFRONT CONDOS BECOME GOLD MINES AS OWNERS CASH IN ON DEVELOPER BUYOUTS

The first major shift of 2026 includes provisions that took effect under House Bill 913, which requires associations with 25 units or more to have a dedicated, secure digital portal where prospective buyers can see a condo’s bank statements, reserve details and even structural reports of a building.

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Florida beach with condos in background

A lifeguard tower sits on the beach on a sunny day in front of condos on August 16, 2023, in Miami, Florida. (Getty Images)

“The click of the button, you can go in there, you can look at all these documents – including the budget – before you make that offer,” Blake said. “We’re huge proponents of it. It brings transparency and accountability, and we continue to promote that.”

“It’s making the condo market more predictable. So condos that have delayed reserves or delayed issues with their building are seeing a lot more ongoing negotiations,” Julian noted, “where buildings that have thought ahead and have fully funded reserves, they have a competitive edge in the market.”

In Miami-Dade, 65% of active inventory consists of older condo buildings, and sales in the $200,000 to $400,000 range are up 21% year over year despite rising insurance costs and assessments, according to REALTORS data. The experts weighed in on whether buyers are being brave or just eager for a slice of paradise.

“I would like to say it’s all because of our advocacy work. I mean, transparency is really important, but I think it has to do more with market conditions. And in South Florida, it’s a very hot market. Everybody wants to move here. The weather is absolutely beautiful. People want to take advantage of that. And so this is really the last affordable inventory that we have, and they are moving in,” Blake explained.

“I am getting a lot of buyers that are eager to get down here in South Florida, but they’re very well-informed. They’re usually coming to me already doing their due diligence,” Julian added. “They might already have the buildings that they’ve pinpointed. They’ve researched the other ones, found out which ones seem a little weak on those reserve studies.”

The second major shift in Florida’s condo market is the recent Biscayne 21 court ruling, which set a legal precedent effectively granting minority holdouts, as few as 5% to 10% of owners, the power to block major redevelopments if the original declaration requires unanimous consent.

OLDER SOUTH FLORIDA CONDOS NOW SELLING FASTER THAN NEW CONSTRUCTION UNITS AMID AFFORDABILITY CRUNCH

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Julian called the decision a “poison pill” for developers who were eyeing older, waterfront Miami buildings as prime targets for ultra-luxury conversions.

“The poison pill, which is [a] 100% buyout, it makes things very difficult. So they haven’t been pursuing those as much,” she said. “It’s too much unknown to try to do that, to change the condo bylaws, and try to take a building down that way. So I think it’s gonna change going forward as developers are going to look at buildings a lot more with scrutiny and patience.”

Julian has dealt with buyout wars personally in late 2025 at Harbor Towers & Marina in West Palm Beach, when two developers sued multiple owners caught in the crosshairs of a battle for control of the building.

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“What they don’t realize, that I see behind the scenes, is these developers are scooping up other buildings that are more affordable to them, that make more sense in pencil. And eventually, we’re gonna be oversaturated.”

– Jessica Julian

“There are a handful of buildings out there that still have language in their condo bylaws that say 75 to 80% can terminate a building… So developers are most likely going to do their due diligence and they’re going to be looking towards those buildings first,” Julian said.

“I think this case really highlights the importance of reading the government docs,” Blake noted. “It’s really important for developers to check that and know what you’re getting into before you incorporate that into your plan.”

With her advocacy role in mind, Blake also offered advice on what fixes realtors may push for to ensure that one or two residents can’t prevent an entire community from escaping the financial burden of an older building: “Talk to local government, talk to the state. Everybody needs to be informed so they can come up with the right solution. And we would support that.”

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And while both experts agree that the two major changes in Florida’s condo market put an important emphasis on clarity and communication, Julian did share one warning about the future of the market environment.

“Greed is kind of taking place a little bit. So [buyers] are holding back until they get many more millions of dollars [from developer offers]. But what they don’t realize, that I see behind the scenes, is these developers are scooping up other buildings that are more affordable to them, that make more sense in pencil. And eventually we’re gonna be oversaturated,” she said.

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“So if they are waiting, thinking that they’re going to get the ultimate payout, they might want to rethink that.”

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Diamond Hill Small-Mid Cap Strategy Q4 2025 New Investments And Exits

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Diamond Hill Small-Mid Cap Strategy Q4 2025 New Investments And Exits

Diamond Hill Capital Management, Inc. is a wholly owned subsidiary of Diamond Hill Investment Group, Inc. Diamond Hill Investment Group is a publicly traded company, and its shares trade on the NASDAQ (Ticker: DHIL). Note: This account is not managed or monitored by Diamond Hill Capital Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Diamond Hill Capital Management’s official channels.

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Picks and Shovels Still Rule the AI Tech Trade

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Picks and Shovels Still Rule the AI Tech Trade

The AI trade has definitely become more fraught. But at least one constant remains: Investors are choosing the companies on the receiving end of big tech’s spending spree.

So far, 2026 has been a rough year in general for tech stocks. By Friday’s close, the Nasdaq composite logged a 1% loss, compared with a 4% gain for the Dow. Even more telling, the S&P 500 Equal Weight Index is up around 5%, compared with a 1% gain for the standard S&P 500. The equal-weight index essentially nullifies the outsize influence of eight tech giants, whose combined market capitalization takes up more than a third of the S&P 500’s total.

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Welsh firms ill-prepared to the meet the challenges of cyber security threats

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The lack of readiness is highlighted in new research from managed services provider CSG

Cyber attack.(Image: Getty Images)

Many businesses in Wales lack the readiness to meet cyber security threats while also underestimating their potential costs, shows new research. Undertaken by Bridgend-based managed services provider CSG, the research focused on firms across construction, manufacturing, professional services, retail, public services and tourism.

It reveals that two-thirds of (66%) have already experienced a cyber security incident. Typically, these have included hostile software (malware and ransomware) and service disruption.

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The data also shows that micro-businesses with nine or fewer employees are almost as likely (66.7%) as organisations employing between 10 and 249 people (75%) to have faced a cyber attack.

Additionally, more than one in three respondents (33.8%) believes it to be highly likely they will face a cyber security incident over the next 12 months. Expanding the responses to reflect those who believe the threat is at least moderately likely increases the total to 93.3%.

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Yet even in the face of this risk, 41% of organisations admit that they do not have a formal strategy to deal with an incident and almost half (47%) provide no regular cyber awareness training to staff to help combat the threat. For micro-businesses, the lack of preparation is even more acute with 58% lacking a plan and only 25% providing regular training.

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Cyber preparedness varies sharply by sector. While nearly 80% of professional services and construction firms report having a formal cyber response plan, more than half of manufacturing businesses and almost two-thirds of organisations in ‘other’ sectors operate without one.

There is also evidence that the disruption to operations and the potential financial impact are being underestimated. Overall, 65% expect disruption to last for no longer than a week, suggesting many organisations may be underestimating the true operational impact. The remainder believe consequences could be much more severe, anticipating disruption of several weeks or even months.

Expectations of cyber disruption increase sharply with organisation size. While most micro-businesses believe they would recover within a week, around 40% of organisations employing 10–249 people expect disruption lasting weeks or longer, highlighting significant operational risk across Welsh SMEs.

Opinions of the potential cost of an attack also vary significantly. While 45% of respondents said it could cost upwards of £25,000, one in five predicted a much higher figure of more than £100,000, and 10.8% expected an impact greater than £250,000. At the other extreme, 20.3% played down the likely impact of an incident – believing it would attract costs of no more than £10,000.

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Uncertainty about the financial impact of a cyber incident is most acute among smaller Welsh organisations, with more than a third of businesses employing 10 – 49 people unable to estimate potential costs at all. Medium-sized organisations show significantly higher cost awareness, with nearly four in ten expecting losses above £100,000.

CSG director Matthew Bater.

According to CSG director Matthew Bater, the findings underline a concerning resilience gap for Welsh organisations, particularly the SMEs that form the backbone of the Welsh economy.

“Cyber incidents are no longer a question of ‘if’ but ‘when’,” he said. The survey reveals that while many Welsh organisations recognise the risk, too many are still relying on hope rather than preparation.

“There seems to be a prevailing – and dangerously incorrect – opinion that somehow smaller businesses will pass ‘under the radar’ but as the distribution of reported attacks shows, micro-businesses and smaller enterprises are almost as likely to face an incident as larger organisations.”

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Despite the acknowledged level of threat, and relatively low levels of preparedness, more than half of respondents (56.8%) are confident they could respond to a cyber incident, with only one in five (20.3%) reporting low confidence.

Mr Bater added: “Organisations need to remain aware of the growing risks of cyber threats.

“When cyber attacks happen they can impact fast so it’s important that employees know what to do and organisations have tested strategies to manage the incident.

“Without basic plans, training and tested recovery processes, even a short disruption could have serious consequences and it is essential that thinking switches to resilience and recovery, not just prevention. Doing nothing is no longer a reasonable choice.”

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Hong Kong Mogul Jimmy Lai Sentenced to 20 Years in Jail

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Trump Deletes Truth Social Video Depicting Obamas as Apes
Media tycoon Jimmy Lai called on reporters to continue doing their job
Media tycoon Jimmy Lai called on reporters to continue doing their job
AFP / STR

Hong Kong media mogul Jimmy Lai has been sentenced to 20 years in jail at the age of 78.

Lai is the founder of the now-defunct pro-democracy tabloid newspaper Apple Daily.

Jimmy Lai Sentenced to 20 Years in Jail

According to a report by ABC News, Lai has always been critical of the Hong Kong and China governments, particularly China’s tightening on the freedoms once enjoyed by the citizens of Hong Kong.

Lai was arrested in 2020 and has since been found guilty of using his newspaper to produce seditious materials against both Hong Kong and China.

He has also been found guilty of colluding with foreign forces to endanger national security, which violates Hong Kong’s national security law.

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Jimmy Lai’s Children React to Father’s Sentence

Jimmy Lai’s children have reacted to the sentence received by their father. As CNN notes in its report, Lai will note be eligible for parole until he reaches his 90s.

His son Sebastien has described the sentence as “life-threatening” for his father. His daughter Claire went on to describe what her father has gone through.

“I have watched my father’s health deteriorate dramatically and the conditions he’s kept in go from bad to worse,” she said. “If this sentence is carried out, he will die a martyr behind bars.”

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Household spending falls

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Household spending falls

New ABS data has revealed household spending fell 0.4 per cent during December, reversing the trend of spending increases observed during the latter months of last year.

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Apple Will Reportedly Release Entry-Level iPhone 17e with MagSafe and A19 Chip Upgrades

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CEO Tim Cook

Apple is set to maintain the entry-level price for its budget iPhone at $599, Bloomberg’s Mark Gurman reports.

According to the tech reporter, iPhone 17e is due imminently and will match the iPhone 16e’s price. For those who are looking to upgrade their current smartphone, this is a good sign to do that without paying flagship costs.

Upgraded Performance and Features

The Apple iPhone 17 Pro

The iPhone 17e brings several upgrades over its predecessor. It will include MagSafe charging, the A19 chip from the base iPhone 17, and Apple’s newest in-house cellular and wireless chips.

Gurman wrote that these enhancements promise faster processing, improved connectivity, and a smoother user experience, narrowing the gap between Apple’s budget and premium smartphones.

Camera and Design Enhancements

While the iPhone 16e faced criticism for its limited camera capabilities, the iPhone 17e introduces subtle improvements in imaging and performance, all while keeping the $599 price intact.

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Apple appears to be striking a balance between affordability and meaningful upgrades, appealing to entry-level buyers without undercutting its higher-end models.

Target Markets and Competitive Edge

Per Engadget, Apple is positioning the iPhone 17e to capture buyers in emerging markets and enterprise sectors. With growing iPhone demand in China and India, the 17e could expand Apple’s footprint in Asia, even as it competes with devices like Google’s Pixel 10a.

Analysts predict Apple’s combination of strategic pricing and upgraded features will drive strong adoption globally. Introducing an upgraded model with the same entry price will be a massive magnet for fans who are looking to upgrade their old devices.

The new variant is reportedly coming with the same 16e display, according to a July report by Tech Times.

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Originally published on Tech Times

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