Connect with us

Business

The latest fundraising and acquisition deals in Welsh business

Published

on

Business Live

Firms featured include Kubos Semiconductors, AerFin, Taylor Facilities Management and RGM Vehicle Body Repairs

Kubos Semiconductors has secured more than £1.5m in investment to accelerate the development of its novel compound semiconductor material technology.

The funding includes a Growth Catalyst project grant from Innovate UK, part of UK Research and Innovation, alongside matched investor funding from the Development Bank of Wales, the Low Carbon Innovation Fund 3 (LCIF3, a co-investment fund operated by the University of East Anglia,) and S4C Digital Media Limited.

The fundraise also includes follow-on investment from Kubos’ existing shareholders and brings the company’s total funding to around £6m.

Kubos is developing a patented compound semiconductor material aimed at enabling next-generation microscopic light-emitting diodes, known as microLEDs. The technology has potential applications in high-speed optical communications, AI and datacentre infrastructure, next-generation displays, augmented and virtual reality, and high-efficiency lighting.

Based at Cardiff University Kubos is part of the growing South Wales compound semiconductor cluster. The latest funding will help the company demonstrate improved production efficiency at scale, giving it a stronger pathway towards commercialisation and IP licensing within the microLED market.

Advertisement

The investment follows the Development Bank’s first backing for Kubos in 2024, when a £500,000 equity investment helped the company establish its Welsh base and strengthen its links with the region’s compound semiconductor expertise. That earlier round supported Kubos’ plans to bring its material technology to South Wales and recruit for specialist roles including testing engineering, device management and development.

This follow-on investment from the development bank has helped unlock further capital for the business, including the Innovate UK grant, and supports Kubos as it works towards its next technical and commercial milestones.

The support of LCIF3 also gives confidence that Kubos is making progress towards meeting its objectives in a key growth sector for South Wales.

Kubos deal: left to right, Susan Gormley, Kubos Semiconductors; Gareth Mayhead,Development Bank of Wales and David Wallis, Kubos Semiconductors.

Dr Susan Gormley, chief executive of Kubos, said:“We are deeply grateful to UKRI and our existing shareholders for this investment, which will accelerate the development of high-speed microLEDs for optical interconnects. The project perfectly complements Kubos’ ongoing development of a platform-material solution for high-efficiency microLEDs emitting across the visible wavelength spectrum.

Advertisement

“This is an exciting opportunity to strengthen Kubos’ pathway to commercialisation through the delivery of transformational technology for AI and datacentre infrastructure, next-generation displays and high-efficiency lighting.”

Gareth Mayhead, investment executive at the Development Bank of Wales, said:“Kubos is exactly the kind of Welsh tech venture that demonstrates the strength and potential of South Wales’ compound semiconductor sector. Since our first investment, the team has made encouraging progress in developing technology that could improve the efficiency and scalability of microLED production for global markets.

“Our follow-on funding is a relatively small investment, but it plays an important role in unlocking further capital, including Innovate UK grant support, and gives Kubos the runway it needs to continue proving its technology at scale. The continued support of LCIF3 also reflects confidence in the company’s progress and the opportunity for Wales to build on its growing reputation in this key growth sector.”

Taylor Facilities Management

Advertisement

Taylor Facilities Management MBO deal: Sam Macalister Smith and Mark Sommers, Development Bank of Wales; Pete Taylor, Leah Taylor, Chris Thomas and Trystan Lloyd, Taylor Facilities Management(Image: Mark Lewis)

Llanelli-based Taylor Facilities Management has been acquired in a management buyout backed with a £2.8m investment from the Development Bank of Wales that will also support its next growth phase .

The MBO has been led by long-term managers Trystan Lloyd, Pete Walsh, Jack Payne and Taylor Davies, along with Chris Thomas of SME Finance Partners. It has provides a partial equity exit for owners Pete and Leah Taylor.

Founded in 2013, Taylor Facilities Management has grown into a national facilities management company operating across the UK and Ireland. The business employs 70 people, and delivers a broad range of services and works with major commercial clients, alongside housing associations and local authorities.

The MBO strengthens the company’s leadership structure by introducing equity participation for key members of the management team. The new owners are central to delivering recently-secured contracts, and will play a leading role in driving further growth across the business.

Advertisement

Pete and Leah Taylor will retain a significant role within the business, continuing to lead operations and mentor the management team as it evolves under the new ownership structure. The transaction has been supported by SME Finance Partners, along with Barford Owen Davies and Blake Morgan.

Mr Taylor said: “We’ve built the business over the last decade and are incredibly proud of how far we’ve come. This investment allows us to recognise the contribution of the team that has helped drive that growth while putting the right structure in place for the future.

“The MBO gives our senior team a real stake in the business as we continue to expand and deliver new contracts across the UK and Ireland, while providing scope for an ambitious growth plan which will allow us to move into new sectors and create more jobs

Mr Lloyd, a member of the incoming ownership team and commercial director at Taylor Facilities Management, said: “As a group, we have been part of the business for a number of years. The family culture at the business means we’ve always felt comfortable in treating it as our own.

Advertisement

“This MBO has empowered us to move into management, allowing for continuity and ensuring our roles remain clear as we transition.

“Taking on ownership also gives us a start-up mentality – we see it as a new chapter with a strong foundation. It allows us to keep developing relationships and driving growth, without losing sight of where we’ve come from.”

Sam Macalister Smith, senior portfolio executive, and Mark Sommers, portfolio executive at the Development Bank of Wales, said: “Taylor Facilities Management is a strong example of a Welsh-founded business scaling successfully into a national operation.

This investment supports a well-planned management buyout that both rewards the founders and empowers the next generation of leadership, while keeping the business rooted in Wales and employing people locally

Advertisement

The business has secured high-profile contracts and demonstrated consistent growth, and we look forward to supporting the management team as they build on this momentum and continue to expand their footprint.”

RGM Vehicle Body Repairs

RGM

Family-owned accident repair specialist RGM Vehicle Body Repairs is under new ownership.

The business, which has been serving motorists across South Wales for more than 50 years, has been acquired by leading vehicle accident repair ventures the Vella Group, in a deal that gives it a presence in Wales for the first time.

Advertisement

The Vella Group were advised on the deal by the Cardiff office of FRP Corporate Finance. The value of the acquisition has not been disclosed. Vella’s acquisition has been backed by private equity firms Ama Capital and Keyhaven.

RGM Vehicle Body Repairs, which has repair workshops in Swansea and Haverfordwest, was originally founded by Robert Morgan and is now led by Paul Morgan.

As part of the transaction, Paul will remain with the business on a consultancy basis to help ensure a smooth transition for its 40 colleagues, its customers and partners.

FRP Corporate Finance, led by partner Thomas Edwards and manager Alexander Griffiths, advised on offer structure, project managed due diligence workstreams and led negotiations on equity price adjustments. This marks the fifth deal on which FRP Corporate Finance has advised the Vella Group.

Advertisement

Marc Holding, chief executive officer at The Vella Group, said: “We’re delighted to welcome Paul and everyone at RGM to the Vella Group. They’ve built a fantastic reputation over many years through hard work, integrity and consistently delivering for their customers. Businesses like RGM don’t earn that reputation overnight, and we’re committed to preserving everything that has made the business so successful while supporting its next chapter.”

Paul Morgan, director at RGM Vehicle Body Repairs said: “After 53 years in operation, finding the right home for the business was one of the most important decisions we’ve had to make.

” We wanted to work with a business that would value what we’ve built, look after our team and continue delivering the high standards our customers expect. From the outset, it was clear that the Vella Group shared those values, and I’m looking forward to supporting the business through the transition and seeing it go from strength to strength.”

Mr Griffiths, manager at FRP Corporate Finance said: “It has been a privilege to support the Vella Group as it has continued to grow and strengthen its position as one of the UK’s leading accident repair groups. This acquisition further demonstrates Vella’s commitment to strategic growth, expanding its geographic footprint and reinforcing its strong position in the market.

Advertisement

“RGM has become a well-established specialist provider over five decades, focusing on quality workmanship, investing in its people and always putting customers first. Those values closely align with the Vella Group’s own approach to building a sustainable, values-led business.”

Other advisers on the deal included, Broadfield (legal), and Crowe (due diligence).

AerFin

AerFin.(Image: Rhys Cozens)

Welsh headquartered aviation maintenance, repair and overhaul company, AerFin, is being acquired by a Japanese venture in a deal worth hundreds of millions of pounds.

Advertisement

Newport headquartered AerFin, a leading aftermarket specialist that buys, sells, leases and repairs aircraft, engines and parts, is being acquired by Japanese firm Orix Aviation. Subject to regulatory approval the deal is expected to be finalised towards the end of the year.

The deal comes after AerFin, which also has operations in Miami, Singapore and Dublin, posted strong financials in 2025 with revenues climbing 25% to around £276m and Ebitda up 33% to more than £52m. The value of the deal has not been disclosed, but with debt, is understood to be around £475m.

Last year Aerfin completed a relocation from Bedwas to a new larger HQ and maintenance facilities at Indurent Park in Newport.

The deal provides an exit for AerFin’s private equity backers and majority owner CataCap. Of AerFin’s global workforce of more than 230 around half are based in Newport.

Advertisement

Established in 1991, Orix Aviation owns and manages aircraft and provides comprehensive asset management services to Japanese and international investors and funds through its full-service operating lease platform.

Chief executive of AerFin Simon Goodson said; “I am delighted that AerFin is joining the Orix Group, a business that shares our values and belief in trusted partnerships, flexible solutions and finding the way ahead for our customers.

“I would like to take this opportunity to thank our founder Bob James (who set up the business in 2010 originally in Cardiff) for his vision and tenacity, our departing majority shareholders CataCap for their outstanding custodianship and guidance, and of course our customers, employees and partners who have made our business what it is today.

“Wales has played a defining role in AerFin’s growth story. From our beginnings in Cardiff, through our time headquartered in Caerphilly, to our Newport headquarters today, we have built a global aviation business with Welsh talent, ambition and values at its core.

Advertisement

“This agreement is a major milestone for AerFin, but it is also a reflection of the expertise, commitment and commercial strength we have developed here in Wales. As part of Orix Aviation, we will have the backing to keep growing internationally while remaining proud of where our journey began.”

Crestline Cyber Security

An expanding IT and telecoms provider to businesses and organisations in the UK has made a further strategic acquisition in South Wales.

ITCS (UK) has acquired Bridgend-based Crestline Cyber Security, which provides digital asset protection, security resources and consulting, for an undisclosed figure.

Advertisement

It is the eighth acquisition by ITCS since being founded by Brian Stokes, managing sirector, nearly 22 years ago.

With the Crestline transaction, ITCS, headquartered in Bridgend, now employs a total of 65 plus staff with a turnover of £8m-plus.

ITCS’ operational footprint extends through South Wales and the Midlands to a data centre in London’s Docklands.

Mr Stoke said: “The acquisition further strengthens ITCS’s already extensive cybersecurity capabilities, bringing together two highly experienced teams with a shared commitment to protecting organisations from an increasingly sophisticated cyber threat landscape.

Advertisement

“By welcoming Crestline Cyber Security into the ITCS family, customers will benefit from an even broader portfolio of specialist cybersecurity services, fractional SCO, expert consultancy, strategic guidance and advanced protection incident response capabilities.

“The combined expertise will enable ITCS to deliver even greater value, helping businesses of all sizes strengthen their cyber resilience, safeguard critical digital assets and confidently navigate evolving security challenges.

“This strategic acquisition reinforces ITCS’s long-term commitment to investing in industry leading talent, innovative technologies and comprehensive security solutions that empower organisations to operate securely and with confidence. The acquisition represents another exciting chapter in the ITCS growth story, further cementing our position as a trusted technology partner and a leading provider of cyber security solutions across the UK.”

Crestline is ITCS’ eighth acquisition and follows the recent acquisitions of Midas Solutions in Bridgend and Poundbury Systems in Poundbury.

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

France bans unsolicited telemarketing calls

Published

on

Woman with angry expression holds phone up to her ear looking frustrated. She has brown hair and wears a grey knit top.

France has banned unsolicited telemarketing phone calls, in what a consumer group is hailing as a “small revolution” for the sales industry.

From Tuesday, unsolicited calls are prohibited for businesses in all sectors – but there are some exceptions.

Calls will only be permitted if they relate to a contract a person has already entered into or the company has obtained prior consent to be contacted for marketing.

“It cannot be stressed enough that peace and quiet is a right, and it is time to stop exposing consumers to unwanted solicitations,” consumer advocacy group Que Choisir Ensemble, said in a statement.

Advertisement

“This observation also holds true online and on the street, which are saturated with demands to consume,” group president Marie-Amandine Stévenin added.

She said the group had long been advocating “for an end to the automatic assumption that someone in their home or private life is a potential customer.”

“This is a victory for consumers, the vast majority of whom do not want to receive sales calls,” she said.

But the law change has riled some business groups, and officials in Morocco, where the call centre sector is heavily reliant on the French market.

Advertisement

One government minister estimated the telemarketing restrictions could lead to the loss of up to 50,000 jobs, according to a report in Moroccan newspaper Le Matin.

The head of France’s direct-selling trade association, the Fédération de la Vente Directe (FVD), also criticised the reforms for adding what he said were administrative burdens for businesses.

“You’ll have to obtain written consent from your customer, and you’ll also have to keep proof of that consent,” Frédéric Billon said in comments reported by the New York Times.

According to a 2025 parliamentary report, 97% of people are annoyed by telemarketing calls, with the authors wryly noting it is “one of those rare issues that unites people in France”.

Advertisement

The same report found 72% of French people reported being contacted on their mobile phones at least once a week, while 38% said they were called once a day.

Germany, Austria and Italy are among the European countries that impose significant restrictions on telemarketing calls, often referred to as cold calls.

In the UK, most telemarketing calls are legal provided the recipient has not objected to the call and their number is not on a statutory list of people or businesses who do not want to receive calls.

Advertisement
Continue Reading

Business

Warburton’s crumpet plant expands as baking giant continues its investment in Burnley

Published

on

Business Live

1.4 million crumpets made every day at Warburton’s site

Two Warburtons crumpets on a plate

Warburtons makes hundreds of millions of crumpets a year(Image: Jess Flaherty/Liverpool ECHO)

Baking giant Warburtons has been given the go-ahead to start producing an industrial amount of an essential ingredient at its Billington Road factory, where two-thirds of the UK’s crumpets are produced every day.

Advertisement

The new production capability is just one part of Warburtons’ large investment in its Burnley facilities, the main producer of sandwich thins, wraps, and crumpets for the UK’s largest baker.

This £100m nationwide investment in its manufacturing capacity was reaffirmed by the firm in May, just weeks after a fault on its potato cake line caused a massive fire that ripped through the facility.

It took two days and dozens of firefighters to put out this accidental blaze, which caused serious damage to a portion of the building, but left the important crumpet production area untouched.

1.4 million of these classic British breakfast staples fly out the door of the firm’s Burnley factory every day. That is almost 510 million over the 364 days the factory operates every year.

Advertisement

But a key ingredient in producing the crumpets’ quintessential spongey structure, known as ‘cream yeast’, was previously having to be bought in. This living material feeds on the sugars in the mix and turns it into carbon dioxide, which creates the product’s bubbled texture.

However, after gaining planning permission from Burnley Council for the construction of a new bio-fermentation plant, Warburtons will now be able to produce vast quantities of this liquid yeast on site.

This is important as yeast is a living single cell microorganism, so transporting the ingredient to a factory inevitably causes it to become less effective and requires it to be less specialised for general sale.

But with these new fermentation tanks, Warburtons will be able to pipe its own specialised yeast straight into its manufacturing lines, or to its other factories.

Advertisement
Warburtons on Billington Road, Burnley.

Warburtons on Billington Road, Burnley(Image: Google Maps)

Two 6.8 metre high steel fermentation tanks will form the centre of this new production compound, which is adjacent to the flour silo at the Billington Road site. This area will take over a portion of the car park, resulting in the loss of two spaces.

The new structure will help to boost the output of two new high-speed crumpet production lines at the facility that were announced in April, with Burnley-born yeast soon giving the baked product its distinctive bubbles.

Continue Reading

Business

Federal budget deficit projected to reach $2.1 trillion in FY2026

Published

on

Federal budget deficit projected to reach $2.1 trillion in FY2026

The federal budget deficit is now expected to surpass $2 trillion this fiscal year, which would be one of the largest shortfalls on record as spending growth continues to outpace tax receipts.

The nonpartisan Congressional Budget Office (CBO) on Monday released its monthly budget update for July, which showed the federal government ran a nearly $1.8 trillion deficit through the first 10 months of fiscal year 2026, which runs through the end of September.

Advertisement

That figure represents an increase of $169 billion when compared with the same 10-month period in fiscal year 2025. Federal spending increased $308 billion from a year ago, outpacing the $139 billion rise in tax receipts.

CBO also noted it now estimates the budget deficit will rise to $2.1 trillion, up $200 billion from last fiscal year, for the full fiscal year 2026 based on information available through the end of July.

US NATIONAL DEBT SURPASSES SIZE OF THE ECONOMY FOR FIRST TIME SINCE WORLD WAR II

The U.S. Capitol building at sunset

The federal government is on pace to run a $2.1 trillion budget deficit this year as fiscal year 2026 nears its end. (Kevin Carter/Getty Images)

“CBO expects 2026 outlays to be close to the February baseline amounts. Revenues, by contrast, are anticipated to be about $200 billion below the February projections, mostly because of smaller-than-expected collections of tariff duties – a result of a Supreme Court ruling handed down after CBO’s baseline was released,” the agency wrote.

Advertisement

Increased spending was primarily driven by the cost of servicing the federal government’s more than $39 trillion national debt, as well as rising expenses for the government’s three largest mandatory spending programs – Social Security, Medicare and Medicaid.

Costs related to paying interest on the debt were up $117 billion, or 14%, in the first 10 months of fiscal year 2026 compared with the same period a year ago. The rise was attributed to higher long-term interest rates, as well as the larger national debt.

NATIONAL DEBT INTEREST AND ENTITLEMENT SPENDING PUSH FY2026 FEDERAL BUDGET DEFICIT TOWARD $2 TRILLION

Spending on Social Security benefits rose $70 billion, or 5%, from a year ago due to higher average benefits following inflation adjustments and an increase in the number of beneficiaries.

Advertisement

Medicare costs increased $66 billion, or 8%, from a year ago due to increased enrollment and higher payment rates for healthcare services. Medicaid spending was up $45 billion, or 8%, because of rising costs per enrollee.

Tax revenue from both payroll and taxes rose by a combined $202 billion, or 5%, compared with a year ago. Withholdings from workers’ paychecks were up $141 billion, or 5%, amid rising wages and salaries. Tax refunds paid to individuals rose $23 billion, or 7%, due to provisions in the One Big Beautiful Bill Act (OBBBA).

WHAT ARE THE BIGGEST BUDGET DEFICITS IN US HISTORY?

Donald Trump celebrates 'big, beautiful bill'

The One Big Beautiful Bill Act was passed by Republicans and signed into law by President Donald Trump last year, which affected notable tax policies. (Tom Brenner For The Washington Post via Getty Images)

Corporate income tax collections were down $89 billion, or 23%, due to provisions in the OBBBA that expanded deductions for investments and resulted in fewer tax receipts.

Advertisement

Collections of customs duties including tariffs increased $18 billion, or 13%, compared with the same period a year ago.

Through April, monthly collections were higher than they were a year ago, but net collections have declined sharply since May when the government began paying out tariff refunds under a Supreme Court ruling from February. CBO noted that about $100 billion in tariff refunds have been issued to date.

SOCIAL SECURITY’S MAIN TRUST FUND FACES DEPLETION IN 2032, TRIGGERING BENEFIT CUTS

Maya MacGuineas, president of the nonpartisan Committee for a Responsible Federal Budget (CRFB), said in a statement that federal borrowing has grown to an “astounding” level and that a deficit on track to surpass $2 trillion when the economy isn’t in a recession “is not normal.”

Advertisement

“Incredibly, such an enormous level of borrowing barely scratches the surface of our fiscal deterioration,” she explained. “We are about to hit the sobering milestone of $40 trillion in gross national debt, and things are only likely to get worse.”

GET FOX BUSINESS ON THE GO BY CLICKING HERE

“If lawmakers want to correct our fiscal course, they should start by targeting a reasonable fiscal goal, like 3% of GDP deficits, and then create a bipartisan commission to figure out how we should get there. We can no longer afford to put off the difficult decisions – the time to act is now,” MacGuineas added.

Advertisement
Continue Reading

Business

California Resources: Executing On Strategic Priorities But Hedges Sap Away Earnings Power

Published

on

California Resources: Executing On Strategic Priorities But Hedges Sap Away Earnings Power

This article was written by

I am a Licensed Professional Engineer who works in the Nuclear Power industry. I use my professional working knowledge of the power/energy industries to aid in evaluating potential equities worthy of long-term investment. I invest in income producing equities and rental real estate properties for cash flow and long-term appreciation. My articles are to serve as a platform for presenting the underlying fundamentals and long-term potential of each equity/business.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Advertisement
Continue Reading

Business

Why Investors Fall for Shooting Stars | The Intelligent Investor for Aug. 11

Published

on

Why Investors Fall for Shooting Stars | The Intelligent Investor for Aug. 11
Jason Zweig


My colleague Spencer Jakab wrote last week about why investors seem to forgive fallen investing stars. A question that intrigues me is why investors fall for these shooting stars in the first place.

Leopold Aschenbrenner’s hedge fund Situational Awareness was up 270% this year through May and had amassed $45 billion at its peak.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading

Business

Q-Park takes on 20 former NCP car parks

Published

on

Business Live

Deal includes sites in Birmingham, Bristol, Manchester, Newcastle and Cardiff

General view of the Q-Park car park at Greenside Row, Edinburgh

The existing Q-Park car park at Greenside Row, Edinburgh(Image: Sunday Mail)

Q-Park has taken on 20 former NCP car park sites across the country in a “significant expansion” focused on town and city centres.

NCP, which operated more than 340 car parks across the UK, fell into administration in March. Now Q-Park has taken over the running of 20 former NCP sites on long-term leases after negotiations with their landlord.

The move comes two years after Q-Park acquired Britannia Parking, which it called a “significant milestone” in its growth. Several of the newly-acquired car parks will be run under the Britannia brand.

In a statement, Q-Park said: “With the previous operator of these locations having entered administration, there was a genuine risk that, like a number of other facilities, these car parks could have ceased operating. This acquisition helps secure their long-term future, ensuring that convenient parking remains available for the local community while providing continued support for local businesses, visitors and the wider local economy.”

Advertisement

Q-Park said it also planned to carry out refurbishment work at its new sites, including improving pedestrian routes and potentially adding EV charging equipment.

Adam Bidder, managing director of Q-Park UK, said: “We are delighted to have completed this agreement, which marks a significant expansion of our portfolio of city centre parking facilities across the UK. It allows us to bring the Q-Park brand and service offering to a wider range of towns and cities, including locations where we have not previously operated. We remain committed to investing in our network and will continue to explore further acquisition opportunities as part of our long-term growth strategy.”

The car parks that will operate under the Q-Park brand

Birmingham – Newhall Street

Bristol – Rupert Street and St James Barton

Advertisement

Cardiff – Greyfriars and Westgate Street

Colchester – High Street and Osborne Street

Hemel Hempstead – Hillfield Road

Ipswich – Tacket Street and Tower Ramparts

Advertisement

Manchester – Palace and Sackville Street

Newcastle – John Dobson Street

Nottingham – Stoney Street

Truro – Highcross

Advertisement

The car parks that will operate under the Britannia Parking brand

Birmingham – City Centre

Dundee – Willison Street

Gloucester – Blackfriars

Shrewsbury – Wyle Cop

Advertisement

Wolverhampton – Piper’s Row

Continue Reading

Business

Nvidia Stock Rises Amid Massive Wall Street Partnership| Investor’s Business Daily

Published

on

Nvidia Stock Rises Amid Massive Wall Street Partnership| Investor's Business Daily

Nvidia (NVDA) was reversing higher Tuesday after a nearly 3% fall to start the week. The stock has formed a clear base amid earnings reports from key players in the artificial intelligence field, including Advanced Micro Devices (AMD), Alphabet (GOOGL), Amazon (AMZN) and Microsoft (MSFT). With a market cap of $5.3 trillion, Nvidia has reclaimed its crown as the most…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading

Business

Financial Stocks Jump After Nvidia Confirms Huge AI Funding Deal

Published

on

Financial Stocks Jump After Nvidia Confirms Huge AI Funding Deal

Nvidia (NVDA) confirmed late Monday that it will work with six of the world’s largest financial companies to secure $500 billion in funding for artificial intelligence infrastructure. The financial stocks jumped on Tuesday. Nvidia stock also rose while rival AMD (AMD) fell intraday. The Financial Times first reported the development, which the AI chip giant confirmed after Monday’s market close.…

Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading

Business

Campbell’s Co. formulates gluten-free Goldfish

Published

on

Campbell’s Co. formulates gluten-free Goldfish

The crackers will launch in November.

Continue Reading

Business

Fall in take-up of large industrial space in Wales

Published

on

Business Live

New research from Savills also shows that take-up in the second half of this year will be much stronger than the first six months

Computer generated image of the next phase of development at Indurent Park Newport.

Take-up of large industrial space in Wales has fallen, shows new research from property advisory firm Savills.

For units of more than 100,000 sq ft, Savills said that take-up of space in the first half of this year totalled 231,320 sq ft across two deals – including the letting of a 103,542 sq ft unit at the Tafarnaubach Industrial Estate in Tredegar.

Advertisement

This represented a 20.3% decrease compared on the first half of 2025. With 94% of available warehouse space comprising grade C units, Savills says there is significant scope to reposition older assets and deliver new speculative development to meet occupier demand for best-in-class space.

Both transactions completed during the first half of the year involved units in the 100,000–200,000 sq ft size bracket, underlining the long-established preference for smaller big box units in Wales. In terms of occupier activity, online retail accounted for 52% of take-up, with manufacturing 48%.

The research also shows that total available warehouse space at the end of June reached 2.66 million sq ft, an increase of 7.8% from 2.47 million sq ft at the start of the year. This equates to a vacancy rate of 3.33%, up from 3.09% at the end of 2025. Based on average five-year annual take-up levels, there is currently 1.64 years of available supply in the market.

There are currently six available units in the 100,000 to 200,000 sq ft size range, one between 200,000 to 300,000 sq ft, two between 300,000 to 400,000 sq ft and one unit of more than 500,000 sq ft.

Advertisement

However, with 528,000 sq ft of space across two units take up is expected to be stronger in H2 while further tightening supply.

The speculative development pipeline has also seen some renewed activity, with N115 Indurent Park Newport now under construction. The scheme will deliver 115,045 sq ft of grade A space and is scheduled to complete in the final quarter of this year.

Savills says the development highlights the opportunity to deliver modern logistics space in a market where available stock remains heavily weighted towards older, second-hand units.

Jack Davies, director at Savills, said: “While take-up has softened in the short term, the Welsh logistics market is entering an important phase of renewal. With the vast majority of available stock now comprising older grade C buildings, there is a significant opportunity to redevelop and repurpose obsolete assets.

Advertisement

“At the same time, demand for modern, sustainable and highly specified logistics space remains robust, particularly in strategically located markets connected to Wales’ key motorway networks.”

Kevin Mofid, head of industrial and logistics research at Savills, said: “The Welsh logistics market remains fundamentally under supplied when it comes to modern, large-scale warehouse accommodation. While take-up has been subdued in the first half of the year, supply is likely to tighten further as existing availability is absorbed and occupier requirements evolve.

“Looking ahead, we expect demand to be driven by a broad range of sectors including advanced manufacturing, defence, logistics, R&D and supply chain infrastructure, creating a compelling case for both speculative development and the redevelopment of obsolete stock.”

Advertisement
Continue Reading

Trending

Copyright © 2025