The Sunderland firm reported a small drop in revenues due to lower wind speeds in 2025

Renewables firm OnPath Energy says it is continuing to invest in its growth strategy despite seeing a small drop in revenues as lower wind speeds cut power generation.

The Sunderland-headquartered firm, which was formed by the acquisition of the renewable energy elements of County Durham’s Banks Group, recorded a turnover of £73.4m and an operating profit of £22.7m for the 12 months to the end of 2025.

That compared to a turnover of £95.7m and operating profit of £69.4m during 2024, though those figures related to a 15-month period.

OnPath said that the year saw “below average wind speeds and lower merchant power prices compared to the previous period”. The group’s wind farms in the North and Scotland had a combined capacity of 252MW at the end of the financial year.

OnPath said that it is growing its development pipeline and expects to bring forward several new project proposals in England in the coming months, while it is currently exploring a range of potential new development locations across England, Scotland and Wales.

It acquired the Milton Keynes Wind Farm in Buckinghamshire and Pates Hill Wind Farm in West Lothian at the beginning of 2025 and has since entered into an option agreement to acquire a majority stake in three onshore wind farms under development in South Lanarkshire.

Earlier this year, the company completed the sale of seven English onshore wind farms to The ERG Group, releasing capital to support the development of new onshore wind farms across the UK.

Simon Fisher, chief financial officer at OnPath Energy, said: “Onshore wind energy is playing an increasingly important role in the UK’s long-term energy security strategy while also delivering significant supply chain investment, UK jobs, improving energy affordability and social benefits for local communities, local supply chain businesses and the wider economy.

“Wind yields in 2025 were below average, but we have still delivered solid commercial returns while continuing the evolution of the business towards a primary focus on developing and building new onshore wind farms across the UK.

“In the coming months, we will add another 73MW capacity to our operating portfolio with the energisation of Mill Rig Wind Farm in South Lanarkshire and the Barnsdale Solar Park in West Yorkshire, with the commissioning of the Common Farm Solar Park in South Yorkshire then set to follow.

“Acquisitions and divestments continue to be a critical part of our growth strategy, with capital reinvestment helping us bring forward new projects, which in turn creates jobs and supply chain opportunities for UK businesses, improves energy affordability for UK consumers while also accelerating our contribution to a fair and inclusive just transition.”

OnPath said it aims to spend around two-thirds of its investments in the local supply chains of its wind farms, while it had awarded more than £1.2m in grants from the community funds linked to each of its onshore sites to local good causes.

New York Knicks superstar Jalen Brunson, along with his family, announced on Tuesday the launch of Thirty Third Management Group, a family-owned brand advisory firm that will manage his off-court business as well as represent clients across pro sports, business and philanthropy. 

It’s been quite the year for Brunson, as he was the leader of a Knicks team that broke a 53-year NBA title drought, and he won NBA Finals MVP in the process. The “King of New York” moniker has followed him ever since, with the Knicks faithful forever indebted to him and his teammates for the pure joy they brought the city. 

But if Brunson wasn’t a star already on the hardwood, winning the NBA title in New York vaulted him into a different stratosphere, and business opportunities and more were sure to follow. 

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM

Jalen Brunson of the Knicks shoots a free throw against the Philadelphia 76ers on May 6, 2026, at Madison Square Garden in New York City. (Jesse D. Garrabrant/NBAE/Getty Images)

Now, with his own firm and his family’s back, Brunson is not only helping himself but looking forward to doing the same for others with their business development, charitable work and more. 

“My family has been with me every step of the way, and everything we do is rooted in trust,” he said in a statement. “Thirty Third gives us the chance to take ownership of my off-court business, to build something that reflects who we are, and to do it together.”

KNICKS STAR JALEN BRUNSON IS A MAN OF THE PEOPLE, REVEALS THE ONE THING HE CAN’T LIVE WITHOUT

The firm’s name comes from the beginning of Brunson’s career, where the Dallas Mavericks selected him 33rd overall out of Villanova in the 2018 NBA Draft. He has since built a reputation defined as much by his character and leadership as by what he has accomplished on the court. 

Sandra Brunson, Jalen’s mother, who has been managing his off-court business for eight years, will serve as Thirty Third Management Group president. Erica Brunson, his sister, will serve as director of client services, while Connor Cashaw, a friend and former high school teammate at Stevenson High School in Illinois, will be the director of business development. Both Erica and Connor have been a part of Jalen’s team since 2024 and 2025, respectively.

Erica Brunson, Rick Brunson, Sandra Brunson, Jalen Brunson and Ali Marks Brunson attend the ESPY Awards at David H. Koch Theater at Lincoln Center on July 15, 2026, in New York City. (Kevin Mazur/Getty Images)

This firm was born from a belief that the most powerful brands are built on trust, purpose, and genuine human connection,” Erica Brunson said in a statement. “As a family, we’ve had the privilege of supporting Jalen’s growth beyond basketball, and that experience inspired us to create an advisory platform that helps others do the same. 

“We are committed to helping our clients maximize opportunities, whether in professional sports, business, or philanthropy, and want to be a strategic partner that champions both success and significance.”

So, while Brunson will serve as the firm’s foundational client, Thirty Third Management Group was built with the wider goal of advising athletes, NIL talent, executives, entrepreneurs and charitable foundations on brand development, partnership strategy, business development and more. 

Also, a priority of the firm from the outset will be in women’s sports, a category the firm’s leadership views as “historically underserved,” with Erica leading that effort.

Jalen Brunson, his wife Ali Marks Brunson and their daughter, Jordyn James Brunson are seen at the Knicks ticker-tape parade along the Canyon of Heroes on June 18, 2026, in New York City. (NDZ/Star Max/GC Images)

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Meister Seelig & Schuster PLLC, led by Mitch Schuster and Jed Ferdinand, will serve as legal counsel for the firm, while Focus Financial Partners serves as financial advisors for Brunson, his family and Thirty Third Management Group. 

Asked about the message the decision sent to Trump, Warsh chuckled before saying “I have got nothing for you on a discussion with the president,” as he batted away similar questions with the same response.

The Federal Reserve is independent of the government, but has faced sharp criticism from Trump over its decisions on rates in recent years.

Trump was heavily critical of Warsh’s predecessor Jerome Powell, who stepped down at the end of his term earlier this year, for not cutting rates.

Following Wednesday’s announcement, Trump said rates should be cut to “1%, or less”.

“LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST!”, he posted on social media.

Earlier a White House press secretary Kush Desai told Fox News the president and White House had “reiterated our commitment to the independence of the Federal Reserve on numerous occasions” but added it did not prevent Trump being able to voice his opinions.

Warsh said at the press conference that “part of the independence of the Federal Reserve is we stay in our lane”.

This hike by the Fed is the first move rate move in any direction since they were cut in December 2025. The last time they were raised was in July 2023.

A 0.25pp increase will likely add to increasing mortgage rates for homebuyers, as the rates set by banks and other lenders are heavily influenced by the Fed’s policy rate.

Major US banks JP Morgan, KeyCorp and BNY raised their prime lending rate on Wednesday to 7% from 6.75% in response, which will rates charged on credit cards and personal loans.

Mortgage costs have climbed over the past year but remain below peaks seen in 2023. A 30-year fixed deal is 6.76% on average, while a 15-year deal is 6.09%, according to figures from Freddie Mac.

Due to many US homeowners having 30-year and 15-year fixed-rate mortgages, changes to interest rates will not impact monthly repayments, though they could affect those looking to secure a loan for a home or refinance.

Warsh declined to provide his own view on where he saw interest rates going into the future, but the majority of his fellow policymakers said they believe rates would be hiked again before the end of this year to between 4-4.25%.

A small majority said rates could rise further to the 4.25-4.5% next year, before cuts begin in 2028 and 2029.

The forecast suggested price rises will ease in the coming years, with inflation, the measure used to assess the cost of living, predicted to fall steadily to the Fed’s 2% target by 2029.

The US is not alone in tackling the inflation impact from the conflict in the Middle East, with the European Central Bank raising rates last week and the Bank of England set to make its own decision on Thursday.

The independent review has been commissioned by the Welsh Government

The chair of a Welsh Government commissioned independent review of the hard-pressed university sector has been revealed.

Professor Patrick Prendergast is the former provost and president of Trinity College Dublin and current chair of Southeast Technological University in Ireland. Having spent his career in the Irish higher education sector he brings an independent, external perspective to the review.

He will be supported by a small panel of experts in higher education policy, finance and governance. Full membership of the panel will be confirmed shortly.

The review will examine how higher education in Wales is funded and organised, including student support, institutional funding, research and the sustainability of the sector.

Universities across Wales have seen significant redundancies over the last two years, fuelled in part by a fall in higher fee paying international students. Voluntary mergers, and back office collaboration, will be considered.

Professor Prendergast said:“I’m delighted to be leading the review of higher education in Wales. This review presents an excellent opportunity to establish what kind of higher education system Wales needs for the coming decades.

“I look forward to working with the expert panel and stakeholders in and around the sector, and to learn more about the challenges they are facing and the opportunities that this review might seize.

“Working together, I’m confident that we can recommend a way forward which will ensure a sustainable and successful higher education system in Wales.”

Deputy Minister for Skills and Tertiary Education, Cefin Campbell, who commissioned the review, said:“Our universities are among Wales’ most valuable institutions, shaping generations of learners, driving innovation and enriching our communities and culture. But they are facing serious challenges that demand serious action

“I am delighted that Professor Prendergast has agreed to chair this review. He brings a wealth of experience and his background in higher education will be invaluable.

“This review is our chance to be honest about the challenges ahead and make sure investment in higher education delivers real value for learners, communities and the country.”

The panel is expected to meet for the first time next month. An interim report will be delivered next summer, with a full final report the following winter.

WASHINGTON — Nearly three in four U.S. adults said they felt very tired or exhausted on at least some days in a three-month span in 2024, according to a National Center for Health Statistics report released this month, with frequent fatigue highest among women and adults under 35.

The findings, drawn from the 2024 National Health Interview Survey, put overall fatigue at 71.5 percent: 54.9 percent some days, 10.7 percent most days and 5.9 percent every day. Only 28.5 percent said they never felt that way. Researchers defined “frequent fatigue” as most days or every day. That group was 16.6 percent of adults, about one in six.

The survey asked how often people felt very tired or exhausted in the past three months. Authors Natalie A.E. Young, Julie D. Weeks and Nazik Elgaddal wrote that the work describes symptoms in the general population rather than tying them to a single diagnosis. “Despite the association with health and well-being, the frequency of fatigue symptoms in the general U.S. population is an underexplored topic,” they said.

Women reported frequent fatigue at 20.0 percent, compared with 13.0 percent of men. The age pattern ran opposite to the usual picture of declining energy in later life. Frequent fatigue was 19.5 percent among adults 18 to 34, 17.4 percent at 35 to 49, 16.0 percent at 50 to 64 and 12.9 percent at 65 and older.

By race and Hispanic origin, American Indian and Alaska Native adults had the highest frequent-fatigue rate at 25.5 percent, followed by White adults at 18.0 percent, Black adults at 17.3 percent and Hispanic adults at 12.9 percent. Asian adults were lowest at 9.1 percent. The report also found higher frequent fatigue among adults with lower family incomes and among those in the South, the Midwest and less urban areas.

Among people with frequent fatigue, 45.3 percent said symptoms lasted some of the day, 34.5 percent most of the day and 20.2 percent all day. Intensity was “a little” for 14.5 percent, between a little and a lot for 46.8 percent and “a lot” for 38.8 percent.

Functioning gaps were large. About half of adults with frequent fatigue reported difficulties in at least three functioning domains, compared with 16.9 percent of adults without frequent fatigue. Seeing difficulty was more common in the fatigue group (29.8 percent versus 15.6 percent). Adults with frequent fatigue were more than three times as likely to report depression symptoms and about twice as likely to report anxiety symptoms or trouble remembering or concentrating. Work limits and cutbacks in social activity tracked with the same pattern. Separate coverage of the report cited work limitations for about 36 percent of those surveyed in connection with fatigue and reduced social activity for about 29 percent.

The survey did not assign causes. It did not test sleep, work hours, caregiving, long COVID, anemia, thyroid disease or medication. It also did not say whether national fatigue has risen or fallen; comparable earlier NHIS snapshots used slightly different age cuts. A 2022 QuickStats brief found 13.5 percent of adults felt very tired or exhausted most days or every day that year, with the same female and younger-adult tilt.

The Washington Post summarized the 2024 numbers on Wednesday. USA Today and other outlets repeated the same NCHS tables. None of those stories replace the PDF: National Health Statistics Reports No. 221, dated Sept. 3, 2026.

Clinicians already treat fatigue as a common primary-care complaint. The new tables give it a population frame. A 20 percent frequent-fatigue rate among women and a 19.5 percent rate among 18- to 34-year-olds is not a diagnosis. It is a signal that tiredness severe enough to be called “most days or every day” is not rare in the groups least expected to report it.

The report’s authors stop at description. People whose exhaustion lasts despite sleep or blocks work and daily tasks are told, in secondary coverage, to see a clinician. The government numbers do not name a treatment. They name a scale: 71.5 percent at least some days, 16.6 percent most days or every day, and a gap that runs by sex, age, income, region and race.