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Prioritise new jobs over green targets to win public contracts, firms told

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A young woman working on a building site. She is wearing a blue hard hat and an orange hi-viz jacket over her clothes. She is looking at an iPad.

Andy Burnham will tell firms bidding for public contracts to prove they are creating jobs rather than meeting green and social targets in a bid to get more people into work.

The prime minister will overhaul the £90bn public procurement system so bidders have to show they are supporting young people into work and addressing local skills shortages.

It comes as the government seeks to tackle the youth unemployment crisis, with Burnham saying he wants to create “growth in every postcode”.

But green groups criticised the plans, arguing supporting young people into work should not come at the expense of the environment.

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Companies bidding for government contracts are judged on a range of measures, including value for money and the extent to which they bring benefits to the local community.

Under the changes, the weighting given to the benefits brought by companies will be doubled, from 10% to 20% for contracts worth £5m or more, the Cabinet Office said.

Previously, this accounted for how companies created social value through measures such as equality and diversity, net zero and the post-Covid recovery.

The new 20% measure will instead be based on job creation. Bidders will be given extra credit for creating local jobs paying above the minimum wage, plugging local skills gaps by offering training and particularly by offering 45-day work experience placements for young people.

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Office for National Statistics (ONS) figures show more than a million people aged 16 to 24 are currently not in education, employment or training (Neet).

Burnham used a similar initiative to oversee a rise in the latter during his time as mayor of Greater Manchester.

First Secretary of State Louise Haigh — who is effectively Burnham’s deputy prime minister — said the procurement process in its current form was a “tick-box exercise”.

“Every pound of taxpayer money should be spent in a way that benefits local communities — creating good jobs and giving young people the skills they need for the future,” she said.

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The new model will apply to both British and international firms bidding for public contracts.

Haigh said: “These new rules will ensure the £90 billion that is spent each year through government contracts supports British jobs, skills and people in every postcode.”

Cabinet Office Minister Mark Ferguson said that businesses who secure government contracts “have a responsibility to give back”.

“Businesses that benefit from the billions of taxpayer pounds spent by government, will have to create more local jobs and opportunities for young people in their area,” he said.

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But Greenpeace UK’s head of politics Ami McCarthy said protecting the environment and helping young people into work are “mutually beneficial and one shouldn’t come at a cost to the other”.

“Companies should be held to account with environmental targets to help achieve a better future without leaving young workers behind,” she added.

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Where To Watch Today’s Match Livestream for Free

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Argentina captain Lionel Messi scored a penalty and hit the woodwork with a freekick but was denied three times by fine saves from Chile goalkeeper Claudio Bravo

Arsenal and Manchester City meet Sunday in the FA Community Shield, the traditional curtain-raiser to the English football season, with the match carrying extra significance as Premier League champions Arsenal face an FA Cup-winning Manchester City side beginning a new managerial era.

The match kicks off at 3 p.m. British Summer Time at Principality Stadium in Cardiff, breaking from the fixture’s usual home at London’s Wembley Stadium, which was unavailable this year due to previously scheduled concerts. The Football Association confirmed the 74,000-capacity Welsh venue as the replacement host.

Erling Haaland
Erling Haaland

Arsenal enters the match as reigning Premier League champions after winning its first English top-flight title in 22 years under manager Mikel Arteta, a triumph that came alongside a run to this year’s Champions League final, where the Gunners ultimately fell to Paris Saint-Germain in May. Arsenal has been active in the transfer market since, with Brazilian midfielder Bruno Guimaraes completing a £75 million move from Newcastle United, a signing teammate Mikel Merino said has given Arsenal what he believes is now the strongest midfield in world football.

Manchester City qualified for Sunday’s match as winners of the 2026 FA Cup, and the fixture carries particular significance for the club given it marks Enzo Maresca’s first competitive match in charge following Pep Guardiola’s departure after nine trophy-laden seasons at the helm. Maresca, who previously managed Leicester City and Chelsea, took over a City side that endured what has been described as a turbulent summer as it works through its own transition period. City enters the match after completing a preseason tour of Asia.

For viewers in the United States, the match will be broadcast on ESPN and ESPN Deportes, with streaming available through ESPN+, the ESPN app, and Fubo, which is offering eligible new subscribers a free trial that can be used to watch the match without an upfront subscription cost. Kickoff in the U.S. is scheduled for 10 a.m. Eastern time, or 7 a.m. Pacific time.

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Viewers in the United Kingdom and Ireland can watch the match on TNT Sports, with coverage carried across both TNT Sports 1 and TNT Sports Ultimate, as well as via streaming through HBO Max. In Canada, the match is available through Sportsnet World and Sportsnet+. Australian viewers can watch via Stan Sport, while fans in New Zealand can access the match through beIN Sports Connect.

Broadcast rights extend further across international markets as well. In India, Sony LIV and the Sony Sports Network have confirmed live coverage of the match. German viewers can watch on DAZN Germany and DAZN1, while French audiences can access the match through beIN Sports and beIN Sports Connect. In Spain, the match airs on Movistar Plus+, and Italian viewers can watch via DAZN Italia. In Brazil, coverage is available through ESPN Brazil and Disney+, while Argentine viewers can watch on ESPN Argentina and Disney+. Mexican audiences can access the match through TNT Sports and Max.

Given the wide range of legitimate broadcast partners carrying the match across different countries, viewers are encouraged to check with an official rights holder in their specific region for accurate access details, since broadcast rights and streaming availability can vary and are subject to change.

On the pitch, the two sides enter Sunday’s match with a closely contested recent head-to-head record. Their most recent meeting came in the Premier League on April 19, when Manchester City defeated Arsenal 2-1 at the Etihad Stadium. Across their last five meetings, City holds a slight edge with two wins to Arsenal’s two, along with one draw. Arsenal’s most emphatic result during that stretch came in a 5-1 home victory in February 2025, while City claimed a separate 2-0 win over Arsenal in a Carabao Cup meeting in March 2026.

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Both managers have emphasized that Sunday’s match should be treated with the seriousness of a competitive final rather than simply a preseason exhibition, given that it offers both clubs a genuine opportunity to open the new campaign with a trophy in hand. For Maresca specifically, a win would provide an early marker of success as he begins reshaping Manchester City following Guardiola’s historic tenure, while a victory for Arsenal would allow the club to build further on last season’s long-awaited title triumph right from the opening weekend of the new campaign.

With kickoff approaching and broadcast partners across the globe carrying the match live, fans in nearly every major market have a legitimate, officially licensed way to watch Sunday’s Community Shield clash between two of the Premier League’s most successful clubs as the 2026-27 English football season officially gets underway.

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Safeway closing more stores as Albertsons reshapes footprint after failed Kroger merger

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Safeway closing more stores as Albertsons reshapes footprint after failed Kroger merger

Safeway is closing additional stores as parent company Albertsons Companies reassesses its retail footprint following the collapse of its proposed $24.6 billion merger with Kroger.

Albertsons told USA Today that the company had slowed its potential “portfolio optimization” efforts while the Kroger transaction was pending, then resumed evaluating its store network after the deal fell apart. That process has included opening stores in areas where the company sees long-term demand while making what Albertsons described to the outlet as the difficult decision to close some locations.

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The broader company closed 35 stores during fiscal 2025, more than triple the 10 it closed the previous year and up from eight in fiscal 2023, according to Albertsons’ latest annual filing. It opened nine stores during fiscal 2025 and ended the year with 2,244 locations across 35 states and Washington, D.C.

Those closures had a measurable impact on the grocer’s results. Store closures, net of new openings, reduced fiscal 2025 sales by $63.4 million, while costs associated with closed stores and surplus properties climbed to $45.1 million from $15.9 million a year earlier.

COSTCO BRINGS BACK FAN-FAVORITE KIRKLAND TREAT AFTER TWO-YEAR ABSENCE

albertsons location

Shoppers walk outside an Albertsons grocery store on Feb. 26, 2024, in Las Vegas. (Ethan Miller/Getty Images)

Albertsons also continued investing in other parts of its store base. The company completed 94 remodels and opened nine new stores during fiscal 2025 as part of approximately $1.83 billion in capital expenditures, which also included investment in digital and technology platforms.

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Albertsons operates 22 grocery banners, including Safeway, Vons, Jewel-Osco, ACME, Shaw’s and Tom Thumb, and employed approximately 280,000 workers as of Feb. 28, 2026.

COCA-COLA’S PERSONALIZED CANS SHOW INCONSISTENT ENFORCEMENT AGAINST DISALLOWING CONTROVERSIAL PHRASES, GROUPS

The company did not provide USA Today with a full list of planned Safeway closures. The outlet reported that Safeway locations that have closed in 2026 include stores at 231 W. Jackson St. in Hayward, California; 2220 N. Coast Highway in Newport, Oregon; and 1601 Maryland Ave. in Washington, D.C.

Safeway grocery store customer in California

A customer shops at a Safeway store on June 11, 2024, in Mill Valley, California. (Justin Sullivan/Getty Images)

Albertsons said it is working to place as many affected employees as possible in jobs at other stores, according to USA Today.

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The store review follows the breakdown of Albertsons’ planned combination with Kroger, which was announced in 2022 and would have created one of the country’s largest grocery companies.

The Federal Trade Commission sued to block the $24.6 billion transaction, arguing that the combination would reduce competition and could lead to higher grocery prices and less competition for grocery workers.

On Dec. 10, 2024, the U.S. District Court for the District of Oregon granted the FTC’s request for a preliminary injunction blocking the merger. The FTC brought the challenge alongside nine state attorneys general.

KROGER

A Kroger grocery store in Dallas, Texas, on Feb. 21, 2024. (Shelby Tauber/Bloomberg via Getty Images)

The proposed deal subsequently collapsed, setting off litigation between Kroger and Albertsons.

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Albertsons sought a $600 million termination fee from Kroger, while Kroger later filed counterclaims in Delaware disputing that it owed the payment and accusing Albertsons of undermining the regulatory process. Albertsons has disputed Kroger’s account.

CLICK HERE TO GET FOX BUSINESS ON THE GO

Albertsons did not immediately respond to FOX Business’ request for comment on the closures.

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Lord Abbett Global Equity Fund Q2 2026 Commentary

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AOD CEF: Healthier Dividend Coverage But Still Expensive (NYSE:AOD)

Lord Abbett is an independent, privately held, global asset manager and one of the oldest money management firms in the United States. They manage assets across a full range of U.S. mutual funds, UCITS funds, institutional and separately managed accounts for clients around the world. Note: This account is not managed or monitored by Lord Abbett, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Lord Abbett’s official channels.

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Scholastic director Kaya Henderson sells $130,812 in stock

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Scholastic director Kaya Henderson sells $130,812 in stock

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IYK: Consumer Staples Dashboard For August

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Wall Street Lunch: U.S. CPI Holds Steady In February As Fed Eyes Oil Shock, Core PCE

IYK: Consumer Staples Dashboard For August

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Changing pubs into offices or homes to be made harder under new rules

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A young group of friends clinking pint glasses of beer together around a pub table

The Campaign for Real Ale has previously said that pubs are being “lost forever to conversion or demolition as developers look to cash in on the desirable locations and unique architecture of pubs and social clubs”.

The British Beer and Pub Association and UKHospitality have also campaigned against pub closures, with both largely blaming tax rises and other costs.

Allen Simpson, chief executive of UKHospitality, said: “The biggest issue facing hospitality businesses is costs like VAT and business rates pushing pubs out of business in the first place.

“Anything that makes it harder to take these important assets away from their communities has to be welcomed, but the government should focus on continuing its strong start on fixing the harm done to hospitality over the past two years.”

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In July, the Labour government said pubs, social clubs and live music venues in England will be given a 20% cut to business rates on top of rates relief announced in January.

The NPPF update being published Monday also includes default approval for homes being built around railway stations in England in an attempt to increase housebuilding numbers.

Housing Secretary Angela Rayner said: “By unlocking thousands of homes around well-connected transport hubs, we’re helping people live closer to work, school and the services they rely on, while backing local businesses and driving growth in our communities.”

The update also means that some groups will no longer need to be consulted on housing development plans as part of the process of getting permission.

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Under the changes, Sport England will continue to advise on significant cases and the Gardens Trust and Theatres Trust will still be notified of relevant applications.

Labour has set a target to build 1.5 million homes by 2029. According to official data, external, it has so far built 392,000 homes in England since coming into power in July 2024.

Shadow housing secretary Sir James Cleverly said Labour “failing abysmally” to meet their target because of taxes and red tape.

“To try to fix their own mess, Labour are planning a power grab, seizing control from local communities and forcing them to accept development in the wrong areas because Labour won’t build in the right areas,” he added.

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Berkshire Hathaway: Greg Abel Gets Busier Buying (NYSE:BRK.A)

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Berkshire Hathaway: The Fortress Has Become A Waiting Room

This article was written by

I retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly write on positions I already hold or am considering changing. I prefer to hold positions for the long-term unless there is a compelling reason to sell. I look for investment opportunities without regard to asset class, market cap, sector, or yield. I would rather maximize total return over time by buying when price is low relative to intrinsic value.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of BRK.B either through stock ownership, options, or other derivatives. 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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Lear Corp director Conrad Mallett Jr. sells $199,742 in stock

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Lear Corp director Conrad Mallett Jr. sells $199,742 in stock

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PubMatic CEO Rajeev Goel sells $3.75 million in company stock

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PubMatic CEO Rajeev Goel sells $3.75 million in company stock

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(VIDEO) Apple Reportedly Preparing Second-Generation HomePod Mini For Launch This Fall Alongside Siri Update

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HomePod Mini 2

Apple is preparing to launch a long-awaited second-generation HomePod mini this fall, according to multiple reports, marking the first meaningful hardware update to the compact smart speaker since it debuted nearly six years ago.

Bloomberg’s Mark Gurman reported in his Power On newsletter that both the new HomePod mini and an updated Apple TV 4K are nearly ready for release, with the devices expected to launch alongside the debut of Apple’s redesigned Siri voice assistant, which is set to roll out with the company’s iOS 27 and macOS 27 software updates this fall. According to Gurman’s reporting, Apple has held back the hardware releases specifically to coincide with the AI-enhanced version of Siri, rather than launching the devices independently ahead of the software update.

Apple originally introduced the HomePod mini in October 2020 as a smaller, more affordable alternative to its full-size HomePod speaker. In the nearly six years since, the device’s internal hardware has remained unchanged, with Apple’s only updates to the product coming in the form of additional color options, including blue, orange and yellow variants added after the original launch.

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According to a leaked internal build of iOS 26 examined by Macworld, the next-generation HomePod mini is expected to include an S10 chip, the same processor found in current Apple Watch models, which would improve the speaker’s overall performance and wireless connectivity reliability. Separate reporting from BigGo Finance suggested Apple could instead equip the device with either an S9 or S10 chip, alongside a new N1 networking chip that would bring support for Wi-Fi 7, an upgraded version of Bluetooth, and Thread, a wireless protocol commonly used for smart home device communication. Reports have also pointed to a second-generation ultra-wideband chip, which would improve the speed and reliability of device handoff between the HomePod mini and other Apple products, such as iPhones, when placed nearby.

Despite the internal upgrades, most reports suggest the new HomePod mini will retain the same compact, spherical design and 3D mesh fabric exterior that has defined the product since its original release. Rumors have pointed to the possible introduction of new color options, including red and sage green, though it remains unclear which, if any, of those specific colors will make it into the final shipping product.

One significant open question involves whether the new HomePod mini will support Apple Intelligence, the company’s broader suite of AI-powered software features. Because the rumored S9 or S10 chip was originally designed for use in the Apple Watch, a device with more limited processing demands than Apple’s AI ambitions typically require, some reports have raised doubts about whether the chip offers sufficient capability to run the more advanced elements of Apple Intelligence directly on the device.

The HomePod mini refresh forms part of a broader smart home push Apple is reportedly planning for its product lineup. According to multiple reports, Apple is also developing a new smart home hub, sometimes referred to in reporting as “HomePad,” featuring a roughly 7-inch touchscreen display alongside a built-in speaker positioned as comparable in audio quality to the full-size HomePod. That device is expected to include facial recognition capability, proximity sensors and FaceTime support, with a reported price point around $350. Unlike the HomePod mini, the smart home hub is expected to arrive later, sometime between late 2026 and 2027, rather than launching this fall.

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Apple’s broader smart home strategy has also reportedly included plans for a HomeKit-compatible security camera with built-in audio monitoring, along with an updated Apple TV 4K expected to feature Apple’s A17 Pro chip. Taken together, the rumored product lineup would represent one of Apple’s most significant pushes yet into the broader smart home market, an area where the company has historically lagged behind competitors including Amazon and Google, both of which have released a wider range of smart speakers, displays, doorbells and security cameras in recent years.

The timeline for these releases has already shifted multiple times. Reports in January 2025 initially pointed to a launch by the end of that year, followed by revised expectations for spring 2026 tied to the redesigned Siri’s original rollout timeline. That software update was subsequently delayed, pushing the hardware release timeline along with it. The most recent reporting now points to an October 2026 launch window, aligning the new HomePod mini’s debut with Apple’s broader fall product cycle alongside new iPhone models.

Pricing for the current HomePod lineup rose earlier this year, with Apple citing the ongoing global memory chip shortage as a factor in the increases. The HomePod mini currently retails for $129, up from its previous price, while the larger second-generation HomePod now costs $349. Apple has not confirmed pricing for the upcoming second-generation HomePod mini, and the company has not officially acknowledged the device’s existence ahead of any formal announcement.

With Apple’s fall product announcements typically arriving in September alongside new iPhone models, industry observers expect further details on the HomePod mini’s specifications, pricing and exact release date to emerge in the coming weeks as Apple’s annual product cycle approaches.

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