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Record year for Sciontec as it plans to start Liverpool lab and office development Hemisphere One

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Success driven by opening of Central Tech

Hemisphere One, Sciontec's eight-storey red-brick development on Liverpool City Council’s flagship development site, Paddington Village.

Hemisphere One, Sciontec’s eight-storey red-brick development at Paddington Village.(Image: Sciontec)

Tech-focused developer Sciontec says it had a record year in 2025 – and says building work on its new £69m Liverpool office and lab development will start next year.

Public-private joint venture Sciontec says it posted £3.7m turnover for the year to September 2025, as well as seeing record occupancy over the 12 months.

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It says that success was driven by the opening of Central Tech at the former Sensor City building in Liverpool city centre. The building, a local landmark thanks to its gold circuit board cladding, is billed as “a global hub for innovation in health, life sciences, technology and digitalisation”.

Central Tech opened in May last year and was at above 60% occupancy by financial year end on September 30. The site is now at 90% occupancy with tenants including IT firm Bellrock, IN4 Group, DefProc Engineering and LYVA Labs.

Sciontec’s Liverpool Science Park saw occupancy levels stay above 90% for the period. That complex is home to organisations including the Manufacturing Technology Centre, Elida Beauty, Pierian Biosciences and Renewvax.

Sciontec also manages the serviced office space at The Spine building in Paddington Village, on behalf of the Royal College of Physicians. Customers there include Zempler Bank, Marks & Clerk, Morgan Sindall, the Pandemic Institute and RTC North.

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The company is set to develop the £69m Hemisphere One office and lab building close to The Spine. It says building work on the eight-storey red-brick scheme, which will include 150,000 sq ft of laboratory and research space, will start in April 2027.

Sciontec is a joint venture between Bruntwood SciTech, Liverpool City Council, Liverpool John Moores University and the University of Liverpool. In January 2026 Barbara Spicer succeeded Professor Mark Power, vice-chancellor of Liverpool John Moores University, as Sciontec chair.

Prof Power said: “We are pleased to report a strong and resilient performance over the past financial year. Against the backdrop of a challenging wider market, we have achieved record turnover and returned a ‘group’ profit once again.

“This has been underpinned by expanding our innovation portfolio and welcoming a record number of businesses into our spaces. Our team also works hard to maintain strong relationships with existing customers, which now number over 100.”

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Barbara Spicer said: “These are hugely encouraging financial results and reflect the commitment of our team to delivering world-class innovation spaces right here in Liverpool and boosting the city region’s existing strengths in areas such as health and life sciences, materials chemistry, AI, digital, tech and advanced manufacturing.

“Consistent high levels of occupancy reinforce the market demand for new science and tech developments and we will be pushing ahead with confidence on our plans for HEMISPHERE One over the next year.”

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Maja Chwalinska Injures Ankle While Serving for Wimbledon Win, Crashes Out in Shocking First-Round Loss

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Elina Svitolina
Maja Chwalińska
Maja Chwalińska

LONDON — Maja Chwalińska’s stunning rise from French Open qualifier to Grand Slam finalist hit a painful setback Monday, as the Polish player suffered an ankle injury while holding match point against Thai qualifier Mananchaya Sawangkaew and ultimately fell in three sets in the first round of Wimbledon.

Chwalińska, the 2026 French Open runner-up who was given a wild card into the Wimbledon main draw and seeded No. 20 as a result of her run in Paris, dominated the early stages of the match on Court 12. She had moved ahead 6-2, 5-2, holding a 30-40 advantage on Sawangkaew’s serve when she fell awkwardly while chasing down a forehand winner down the line. The 24-year-old called for a medical timeout immediately afterward and received treatment to her right ankle, with a trainer applying strapping to the area before she attempted to continue serving out the match.

What followed was a dramatic collapse. Chwalińska’s movement, the foundation of the aggressive, court-covering style that had carried her to the final at Roland Garros earlier this month, deteriorated rapidly. Sawangkaew, ranked No. 164 and playing in her first-ever Grand Slam main draw match, seized the opportunity, converting three break points to level the second set before reeling off five consecutive games to claim it outright. The Thai player went on to close out a 2-6, 7-5, 6-2 victory, ending what had briefly looked like a routine progression for the Pole into the second round.

Between the second and third sets, Chwalińska left the court for approximately eight minutes for further treatment. She returned and managed to secure an early break in the deciding set, but continued to grimace and stretch out her leg and back between points, visibly restricted in her movement and unwilling to chase down anything beyond her immediate reach. Sawangkaew leveled with a break to love shortly afterward, and the match turned into something of a procession from that point on, with the Thai qualifier eventually breaking again to take control for good as her own unforced errors dried up.

The collapse echoed a similar scene from earlier this season, when Jannik Sinner’s level fell apart while serving for victory against Juan Manuel Cerúndolo in the second round of the French Open, with physical issues undercutting what had appeared to be a comfortable lead. For Chwalińska, the parallel will sting in particular given the magnitude of what she had been building toward at the All England Club.

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The defeat came just over three weeks after Chwalińska’s run to the Roland Garros final, where she lost to Mirra Andreeva 6-3, 6-2. That run made her the first qualifier in history to reach a French Open women’s singles final, propelling her more than 90 places up the WTA rankings and elevating her to a career-high of No. 21 in the world. The surge in ranking points was enough to earn her a seed at Wimbledon, but her position was still too low to gain direct entry into the main draw when the original entry lists were finalized, requiring organizers to grant her a wild card to ensure she could compete.

That wild-card-plus-seed combination made Chwalińska’s situation at Wimbledon an unusual one heading into the tournament. Adding to the uncertainty was her lack of recent grass-court form: Chwalińska had not played an official match on the surface since a first-round qualifying loss at Wimbledon in 2025, leaving her with no competitive grass-court reps over the previous 12 months heading into Monday’s match. Her career grass-court record stood at 7-6 entering the tournament, modest by comparison with her broader career mark of 277-139 and her strong 2026 season, in which she carried a 29-10 win-loss record into the tournament, highlighted by a title run in Oeiras earlier this year.

Sawangkaew, by contrast, arrived in good form on the surface despite her relative inexperience at the highest level. The Thai player came through three qualifying matches in three sets over the preceding week to reach the main draw, defeating Anouk Koevermans, Mary Stoiana and Océane Dodin along the way, and entered Monday’s match having won seven of her last nine matches on grass. Her composed 30-11 record for the season included a 7-2 mark specifically on grass, and her ability to convert break points under pressure proved decisive once Chwalińska’s movement became compromised.

Pre-match betting markets had favored Chwalińska to advance in three sets, reflecting her superior ranking and recent Grand Slam pedigree, even accounting for her unfamiliarity with grass this season. Instead, the match will be remembered for the moment Chwalińska’s title hopes unraveled in an instant, transforming what had been a near-certain second-round berth into a deflating first-round exit.

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Beyond the immediate disappointment of the loss, questions now turn to the severity of Chwalińska’s ankle injury and what it might mean for the remainder of her season. She remains entered in the women’s doubles draw at Wimbledon, though it remains unclear whether she will be fit enough to compete in that event following Monday’s injury. For a player who only weeks ago was redefining what was possible for a Grand Slam qualifier, the abrupt end to her Wimbledon campaign serves as a stark reminder of how quickly fortunes can turn in professional tennis, even at the moment of apparent triumph.

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Ford rehires human engineers after AI fails to match quality checks

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Ford says it has hired back some human engineers after AI failed to match their skills and experience.

In a bid to reap the benefits of the tech, which developers claim can cut costs and boost productivity, the US carmaker adopted it across some parts of its operations including for quality checks.

But, according to Bloomberg, external, its executives said the firm has rehired more than 300 “veteran” quality inspectors in recent years to make up for the pitfalls of automated systems.

“Artificial intelligence is a fantastic tool, but it’s only as good as the information you use to train it,” Charles Poon, vice president of vehicle hardware engineering, told reporters.

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“Over prior years, we didn’t pay as much attention as we should have to the experience of our most knowledgeable engineers that have been with us through many product cycles,” he said.

The US automaker is among many to have seized on the buzz around AI, particularly amid Wall Street fervour about the tech’s potential to increase margins.

“AI will leave a lot of white collar people behind,” Ford boss Jim Farley said in an interview with author Walter Isaacson last June.

In an October earnings call, external, chief operating officer Kumar Galhotra said the firm was “deploying AI across the entire industrial system”.

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This included rolling out 900 AI-powered cameras in its plants “to detect quality issues at the source and help us mitigate supply disruptions”, Galhotra told investors.

But Poon told reporters on Wednesday the firm’s AI-driven checks had failed to live up to expectations.

“Mistakenly, we thought that by just introducing artificial intelligence and ingesting the design requirements that we had, that would produce a high-quality product,” he said.

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Hormel Foods: An Undervalued Dividend King Near Multi-Year Lows (HRL)

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Hormel Foods: An Undervalued Dividend King Near Multi-Year Lows (HRL)

Founder of Dividend Mantra. Founder of Mr. Free At 33. Co-Founder of Dividends & Income. I started blogging about my journey to financial independence back in 2011. By living well below my means and intelligently investing my hard-earned capital, I went from below broke at age 27 to financially free at 33 years old. I regularly create content on dividend growth investing, living off of dividends, undervalued high-quality dividend growth stocks, high-yield situations, and other long-term investment opportunities.

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Bears Are Missing The Forest For The Tech Trees

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Bears Are Missing The Forest For The Tech Trees

Bears Are Missing The Forest For The Tech Trees

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McCormick & Co. benefiting from reformulation, health trends

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McCormick & Co. benefiting from reformulation, health trends

Reformulation efforts offset weakness in the company’s Consumer segment. 

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Argentina’s World Cup 2026 Title Odds Are Far Better Than Portugal’s, Markets Show

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Cristiano Ronaldo Portugal

MIAMI — As the 2026 World Cup moves into its knockout phase, betting markets and prediction exchanges are painting a clear picture of how the tournament’s two most iconic veterans stack up in the race for the trophy: Lionel Messi’s Argentina holds a significantly stronger chance of lifting the title than Cristiano Ronaldo’s Portugal.

According to pricing on Kalshi, the regulated prediction-market platform, as of June 28, Argentina was trading at roughly 21.5% to win the World Cup outright, good for second place on the board behind France, which sat at about 24.4%. Portugal, by contrast, was priced at around 6.1%, placing the Ronaldo-led side fifth or sixth among the tournament’s contenders, behind Spain and England as well.

The gap reflects both team form and the path each side now faces. Argentina cruised through the group stage with three consecutive wins, outscoring opponents 8-1 across those matches, and enters the knockout rounds as one of the strongest teams remaining on a side of the bracket that, according to market analysts, is considered comparatively easier to navigate. Portugal, meanwhile, finished second in Group K behind Colombia, a result that pushed the Ronaldo-led side into a tougher half of the draw alongside several other European heavyweights, including France, Spain, the Netherlands and Germany. Analysts tracking the bracket have noted that Argentina, England and Brazil are now the only true title contenders on the opposite side of the draw, giving Messi’s side a notably smoother theoretical route to the final compared with Ronaldo’s.

Other prediction markets have shown a similar split. On Polymarket, Portugal has traded in the range of 8% to 10% in recent weeks, while Argentina’s price has moved up sharply since the group stage concluded, with one tracker noting a jump from roughly 14.2% to 21.3% after Argentina was handed what was described as a relatively clear path to the semifinals once Portugal’s runner-up finish in Group K was confirmed. Traditional sportsbooks have echoed the same gap: FanDuel listed Argentina at +410 to win the tournament as the knockout rounds opened, compared with +1500 for Portugal, while FOX Sports’ tracking of the boards showed comparable spreads across multiple operators, with Argentina consistently positioned among the top two or three favorites and Portugal trailing in the second tier of contenders alongside Brazil and Germany.

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The on-field performances of the two stars themselves have only widened the narrative gap between the sides. Messi, playing in a record-tying sixth World Cup at age 38, has been the standout individual performer of the tournament so far. He scored a hat trick in Argentina’s opening match against Algeria, matching the all-time World Cup scoring record of 16 career goals previously held by Germany’s Miroslav Klose, then added two more goals against Austria to break the record outright and move two clear at the top of the all-time list. The performance against Austria also made Messi just the third player in World Cup history to score in six consecutive matches, joining France’s Just Fontaine and Brazil’s Jairzinho, and made him the all-time leading South American scorer at the tournament. He enters the knockout stage with five goals in this World Cup alone and remains the favorite in several Golden Boot markets.

Ronaldo, who turns 41 during this tournament and is also playing in a record-tying sixth World Cup, has had a more uneven group stage. He went scoreless through Portugal’s opening draw with DR Congo before responding with two goals in a 5-0 rout of Uzbekistan, a result that made him the first player in history to score at six different World Cups. Even so, prediction markets addressing a head-to-head goal-contribution matchup between the two stars have favored Messi heavily, with Kalshi pricing Messi at 54% to finish with more combined goals and assists across the tournament compared with 27% for Ronaldo and 22% for a tie. Ronaldo has also traded as a long shot in the Golden Boot market, priced behind several younger forwards including Kylian Mbappé, Harry Kane and Erling Haaland.

Analysts following the betting markets have pointed to a mix of factors behind the gap separating the two sides. Argentina’s roster is considered more balanced from back to front, built around defensive solidity and midfield control to complement Messi’s individual brilliance, while questions about decision-making in pressure moments have followed Portugal through multiple major tournaments under manager Roberto Martínez despite the squad’s individual talent across the front line, which includes Bruno Fernandes, Bernardo Silva, Rafael Leão and Vitinha. Some market commentary has also flagged concern about an overreliance on Messi for Argentina, given his age and the physical demands of a deep tournament run, though that risk has so far not been reflected meaningfully in the pricing gap between the two countries.

Portugal’s path forward will require the team to navigate a knockout bracket considered tougher on paper, with market projections suggesting the quarterfinal stage as Portugal’s single most likely point of elimination, closely followed by the round of 16. Argentina, by contrast, has been modeled with a more favorable route through the early knockout rounds, contributing to the wider gap in outright title odds between the two sides as the tournament moves forward.

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Both Messi and Ronaldo have spoken in the past about this likely being their final World Cup appearance, adding emotional weight to a tournament already shaping up as a defining late chapter for two of the sport’s most decorated players. For now, the numbers from betting markets and prediction exchanges tell a consistent story: while Ronaldo’s Portugal remains capable of an upset run given the squad’s depth and talent, Messi’s Argentina enters the knockout stage as the far more likely of the two icons to add one more World Cup title before the curtain falls on either career.

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MHRA validates Nuvation Bio’s taletrectinib application in UK

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MHRA validates Nuvation Bio’s taletrectinib application in UK

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British American Tobacco to cut 9,000 jobs

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British American Tobacco (BAT) is to cut nearly a fifth of its global workforce as part of a major cost-cutting drive.

The tobacco giant, which makes Lucky Strike and Dunhill cigarettes, is cutting 5,500 roles and outsourcing 3,500 more.

The company had said earlier this year that it was planning savings to make it “more digital and AI-focused”.

BAT did not say which locations would be hit by the job cuts, but said the US was not affected.

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The company currently employs about 47,000 people globally. It says the cost cuts are expected to save about £600m a year by 2028.

Traditional cigarette sales are shrinking as smokers increasingly switch to vapes and nicotine pouches.

BAT is shifting its focus to smoking alternatives such as its Vuse vapes and Velo nicotine pouches to drive growth, but its sales and profit margins have been sluggish in recent years.

Sales in the US — its biggest market — have also been hit by the cost of living, as smokers swap for cheaper brands.

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Additionally, the company is battling rising duties and stricter regulations in some markets.

American regulators have taken a tough stance on approving licences for new products such as vapes, delaying launches. BAT says this has fuelled an influx of illegal Chinese products, weighing on its sales and market share.

BAT said the job cuts, which have already started, are set to be completed by the end of this year.

Chief executive Tadeu Marroco said the cuts would make the company “more agile, cost disciplined and technology enabled”.

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“These changes affect many of our colleagues, and we are focused on supporting them through this transition with care and respect, as we position the business for the future.”

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United Utilities under fire over share ‘allowances’ for bosses

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United Utilities’ chief executive Louise Beardmore is in line for the first tranche of a £435,000-a-year share ‘allowance’ in August

The logo of water company United Utilities seen through a glass of water

Water company United Utilities(Image: PA Archive/PA Images)

Water company United Utilities has been accused of “corporate greed in plain sight” after unveiling proposals to grant its chief executive a shares “allowance” worth £435,000 a year.

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The supplier’s latest annual report reveals that chief executive Louise Beardmore is set to receive the first instalment under the so-called shares allowance in August, with a second payment due in February next year.

According to United Utilities, she would be required to retain the shares for a minimum of two years.

The proposals – which are set to be put to a shareholder vote at the group’s annual general meeting on July 17 – have drawn fierce criticism from campaigners. The backlash comes after Ms Beardmore was stripped of a £417,000 annual bonus for 2024-25 by regulator Ofwat, following an incident at a reservoir in December 2024 that resulted in the deaths of thousands of fish.

James Wallace, chief executive of River Action, said: “Calling a £435,000 bonus an ‘allowance’ fools nobody.

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“This is corporate greed in plain sight.”

He went on to say: “The era of obscene executive payouts must end, with real personal sanctions, including custodial sentences for the worst offenders.”

United Utilities’ annual report also discloses that Ms Beardmore received an annual bonus of £830,000 for the most recent 2025-26 financial year, alongside long-term incentive awards valued at £712,000. Her total remuneration package surged by 44% to £2.5 million in 2025-26, up from £1.4 million in 2024-25, after the reservoir incident resulted in her bonus being cancelled and long-term share awards were also reduced to £567,000.

Liberal Democrat environment spokesman Tim Farron branded the share allowances plan “another incredibly out-of-touch move from a water company”.

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He said: “This proves that the Government’s bonuses ban isn’t worth the paper it’s written on, with the water industry never failing to find ways to evade accountability, rather than cleaning up our water and fixing the crumbling infrastructure.”

United Utilities said the proposed share “allowances” for Ms Beardmore and chief financial officer Phil Aspin – who stands to receive £280,000 a year under the award – will see the maximum potential annual bonuses reduced to 100% of annual salary, down from 130%, while long-term share awards will be trimmed from up to 200% of salary to 175%.

The company stated the move was made to “retain and ensure the stability of the executive team and provide a competitive overall remuneration opportunity”.

The group’s annual report also revealed that Ms Beardmore and Mr Aspin’s annual salaries were increased by a fifth to £870,000 and £560,000 respectively last July. In the report, United Utilities’ remuneration committee chairwoman Kath Cates said: “The committee has thought very carefully about how to construct a fair and balanced remuneration policy that will allow us to continue to retain and incentivise our experienced leadership team, and attract new talent.”

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She added: “We recognise that the proposals are somewhat unusual in the context of UK-market norms but believe that the unique circumstances which our sector faces (including competing stakeholder priorities and an ever-evolving regulatory environment) warrant adoption of a tailored approach.”

However, the company moved to allay concerns over executive pay by emphasising that director remuneration for 2025-26 would not be funded by customers.

“Recognising that executive remuneration in the water sector remains a contentious matter… the board has decided that for 2025-26 none of the pay received by the executive directors will be paid for by customers.

“This goes beyond our previous commitment that customers would not pay for performance-related pay outcomes.”

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Brandywine Realty Trust: Insider Confidence Signals Recovery Ahead (Technical Analysis)

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IAK: Understanding The Structure And Suitability Of This Insurance ETF

Brandywine Realty Trust: Insider Confidence Signals Recovery Ahead (Technical Analysis)

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