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Wealth manager Fairstone Group set to acquire more than 20 firms by year-end

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‘I said in January that I expected a busy first full year as CEO and that has certainly been the case so far’

Steve McNicol and Steven Cooper at Fairstone Group.

Steve McNicol and Steven Cooper at Fairstone Group.(Image: Fairstone Group)

A North East wealth manager expects to have acquired more than 20 companies into the group by the end of the year, as a result of its established buy-out model.

Directors at Sunderland-based Fairstone Group have hailed a busy year in which it added “substantially” to the business, acquiring eight companies in Northern Scotland, Northern Ireland, the South of England, the West Country, the East Midlands and the North East. It said the acquisitions expand and strengthen its geographic footprint across the UK.

The transactions included Fairstone’s largest purchase to date, the acquisition of West Midlands wealth management and corporate financial planning specialist Prosperity Wealth in February.

All eight firms acquired in the first quarter came into Fairstone, based in Doxford International Business Park in Sunderland, via the Downstream Buy-Out (DBO) model. They have collectively pumped more than £2bn of client assets under management into the group.

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And directors revealed 13 more full acquisitions will be made later this year. Fairstone’s DBO model sees the business act as an investment partner, providing the centralised resource, technology, and capital to support the ongoing growth of ambitious financial firms ahead of a future sale. Once fully integrated, partner firms are then able to sell to Fairstone.

Fairstone CEO Steven Cooper said: “I said in January that I expected a busy first full year as CEO and that has certainly been the case so far. In just the first quarter of the year, we have added substantially to the business, not only in terms of the bare figures of client assets under management, but also in terms of our strategic presence and the depth and breadth of the services which we can offer our clients.

“For example, bringing Prosperity on board has added substantially to our expertise in areas such as corporate financial planning and employee benefits. These are things which not only benefit those clients who Prosperity have brought with them to Fairstone, but also to our existing and future clients right across the country.

“Every one of the eight firms who became part of Fairstone during Q1 brings something new to the business and strengthens the group as we look to help many more people achieve their financial goals and face the future with confidence.”

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The eight firms acquired so far this year initially joined the DBO programme between two and four years ago, enabling staff and processes to become fully integrated into Fairstone before becoming part of the group.

Fairstone now operates from more than 50 locations, employing over 1,350 operational staff and regulated advisers. It oversees £23bn in assets under management on behalf of over 125,000 clients.

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Dubai International Airport Open Today as Reduced Flight Operations Continue Across All Terminals

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Dubai International Airport

DUBAI — Dubai International Airport is open and operating today, with passenger flights moving through its terminals as the airport continues to recover from earlier regional airspace disruptions.

Current flight information shows DXB functioning, though airline schedules remain reduced compared with normal levels. Emirates and flydubai continue to operate limited service, and passengers are being told to check directly with their airlines before traveling because schedules can change quickly.

The airport’s current status is one of partial recovery rather than a full return to routine. Recent flight-status updates show DXB with very low delay conditions, indicating that aircraft are moving through the airport with limited disruption. Dubai Airports also continues to provide real-time arrivals and departures information through its official channels.

Emirates says it is still operating a reduced number of flights and has not fully restored its full schedule. The airline advises passengers to verify flight status before leaving for the airport, especially because some cancellations and schedule changes may not be reflected immediately elsewhere.

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flydubai has also said it has resumed operations on a reduced schedule. That means the airport is open, but the number of flights and available destinations remains lower than before the regional disruptions.

Current operations

Dubai International Airport remains the main aviation hub for the city and is still handling arrivals and departures across its terminals. Flight tracking updates indicate that the airport is active, with low delay status and normal processing conditions at the time of the latest available reports.

Earlier reporting from April said the airport was operating across all three terminals with a significantly reduced schedule while Dubai continued its gradual recovery from airspace restrictions and security disruptions tied to the Iran conflict. That same reporting said Dubai Airports confirmed arrivals and departures were processing normally, even though passengers were urged to confirm their flights directly with airlines.

The airport’s operating picture has improved since the period of greatest disruption, but airlines still appear to be managing capacity carefully. The current environment suggests that travel is possible, but not yet fully back to pre-disruption levels.

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Airline schedules

Emirates remains one of the key carriers shaping DXB’s recovery. The airline’s current flight-status page says it is still operating fewer flights than usual and has not fully resumed its full schedule. That is important because Emirates is the airport’s largest operator and a major driver of traffic through Dubai.

flydubai has likewise resumed with a reduced schedule, according to its own flight-status page. The airline’s return is significant because it serves a large number of regional and medium-haul destinations that support the airport’s broader traffic network.

Together, the two carriers remain central to Dubai International’s recovery. Their return has helped restore movement through the airport, but the airlines’ own guidance makes clear that the schedule is still constrained.

Passenger guidance

Travelers using Dubai International Airport today are being advised to check flight status with their airline before heading to the airport. That advice remains especially important because reduced schedules and rapid changes can affect both departures and arrivals.

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Passengers should also expect that not every route has returned to normal. While the airport is open, some services remain limited, and airline notifications may be the first place cancellations or changes appear.

Dubai Airports continues to provide live flight information online for both arrivals and departures, which can help passengers verify terminal, timing and gate details. The official airport channels remain the best source for real-time updates.

Recovery context

Dubai’s airport recovery has been closely watched because DXB is one of the busiest international hubs in the world. Earlier disruptions in the region forced the airport to reduce operations, and the return to normal has been gradual rather than immediate.

Reporting from April showed the airport handling a much improved schedule, with Emirates and flydubai together operating more than 220 passenger flights on some recent days. That suggested a steady rebound from earlier tensions, even though full capacity had not yet returned.

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The current flight data and airline guidance suggest that the recovery is continuing. The airport is open, arrivals and departures are being processed, and delay levels remain low, but the airline network is still rebuilding.

What this means now

For travelers, the clearest answer is yes: Dubai International Airport is open today. But the airport is still operating under a reduced and carefully managed schedule, and passengers should expect some lingering limitations.

That means travel is available, but not every route is back at full frequency. Emirates and flydubai continue to run limited service, and the airport’s current status reflects an active but still incomplete recovery.

Dubai International’s official channels and airline updates remain the most reliable way to confirm the latest status before a trip. For now, the airport is open, flights are moving, and the recovery is still in progress.

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How a rise in energy bills will affect you from July

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How a rise in energy bills will affect you from July

Household energy prices will rise by 13% a year in July, as soaring wholesale costs caused by the US-Israel war with Iran hit bills for the first time.

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Finolex Industries shares jump 8% after Q4 profit surges 59% YoY; stock rallies 20% in a week

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Finolex Industries shares jump 8% after Q4 profit surges 59% YoY; stock rallies 20% in a week
Shares of Finolex Industries surged 8% to Rs 192 during Wednesday’s trading session after the company posted a stellar set of Q4FY26 numbers, driven by sharp margin expansion and strong operational performance.

The company reported a 59% year-on-year (YoY) jump in consolidated net profit to Rs 261 crore for the March quarter, compared to Rs 164.58 crore in the corresponding quarter last year.

Revenue from operations rose 12% YoY to Rs 1,314 crore in Q4FY26 versus Rs 1,172 crore in Q4FY25, supported by improved realizations during the quarter.

Operationally, the performance remained robust. EBITDA nearly doubled to Rs 332 crore in Q4FY26 from Rs 171 crore a year ago, while EBITDA margins expanded sharply to 25% from 15% in the same period last year. Profit before tax (PBT) also climbed significantly to Rs 334 crore against Rs 203 crore in Q4FY25.

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Despite the strong quarterly momentum, the company’s full-year performance remained under pressure. For FY26, net profit declined 25% to Rs 599 crore compared to Rs 800 crore in FY25. Revenue from operations also edged lower to Rs 4,113.43 crore from Rs 4,141.97 crore in the previous financial year.


However, annual operating performance showed improvement. EBITDA for FY26 stood at Rs 679 crore, up from Rs 476 crore in FY25, with EBITDA margins improving from 11% to 17% on a year-on-year basis.
Adding to investor optimism, the board recommended a final dividend of Rs 2 per equity share along with a special dividend of Rs 0.75 per share, taking the total payout to Rs 2.75 per equity share for FY26, subject to shareholder approval at the upcoming 45th Annual General Meeting.The stock has witnessed strong buying interest lately, rallying nearly 20% over the past one week. Finolex Industries currently commands a market capitalization of around Rs 11,053 crore, while its 52-week high stands at Rs 238.

On the technical charts, momentum indicators remain positive. The stock’s 14-day RSI is at 60.5, indicating healthy strength while still remaining below the overbought zone of 70. Further supporting the bullish trend, the stock is trading above all 8 out of 8 key simple moving averages (SMAs), signaling sustained upward momentum.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Weaver Meats expands in Ohio

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Weaver Meats expands in Ohio

Expansion will support meat snacks business.  

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Buy or Sell Amazon Stock in 2026? AWS AI Growth Fuels Debate on Premium Valuation

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The Apple iPhone 17 Pro

NEW YORK — Amazon.com Inc. shares have posted solid gains in 2026, driven by accelerating cloud revenue and artificial intelligence investments, prompting investors to weigh whether the e-commerce and technology giant still represents a compelling buy at current levels or if its premium valuation warrants caution.

The company, whose stock has benefited from strong demand for its AWS cloud services and advertising business, faces a classic growth-versus-valuation dilemma as it enters the final stretch of the year. With shares trading near all-time highs, analysts remain divided on whether Amazon offers attractive upside or if near-term risks justify a more selective approach.

Amazon reported strong first-quarter 2026 results in April, with total revenue reaching $158.1 billion, up 13 percent year-over-year. AWS revenue grew 22 percent to $27.8 billion, while operating income from the cloud segment expanded significantly. The company also raised its full-year guidance, citing continued momentum in cloud infrastructure and efficiency gains across its retail operations.

AWS Remains Core Growth Engine

Amazon Web Services continues to be the primary driver of investor enthusiasm. The cloud division has capitalized on enterprise demand for AI infrastructure, with customers increasingly adopting Amazon Bedrock, SageMaker and other generative AI services. Management has highlighted strong adoption across industries ranging from financial services to healthcare and media.

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Analysts note that AWS maintains a leading position in the global cloud market, with particular strength in hybrid and multicloud environments. Recent partnerships and infrastructure expansions have reinforced its competitive edge against Microsoft Azure and Google Cloud. The company’s focus on cost optimization and energy-efficient data centers has also helped improve margins.

Advertising revenue has provided another reliable growth pillar. Sponsored products and display advertising on Amazon’s platforms have benefited from increased seller activity and improved targeting capabilities powered by machine learning.

Retail Business Shows Resilience

While AWS garners most of the attention, Amazon’s core e-commerce operations have demonstrated resilience. The company has continued investing in logistics automation, same-day delivery capabilities and international expansion. North American retail margins have improved through better inventory management and fulfillment efficiency.

Prime membership remains a key differentiator, with the service driving higher customer spending and loyalty. Subscription services, including Prime Video and Amazon Music, continue to expand the company’s ecosystem and recurring revenue base.

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Valuation and Risk Factors

At current trading levels, Amazon commands a forward price-to-earnings multiple that reflects high expectations for sustained growth. While the valuation is lower than its pandemic-era peaks, some analysts argue it still leaves limited room for disappointment if AI spending moderates or if economic conditions pressure consumer spending.

Potential risks include regulatory scrutiny over antitrust matters, particularly regarding its marketplace practices and AWS dominance. Competition in cloud computing remains intense, and any slowdown in enterprise technology budgets could impact growth trajectories.

Capital expenditure levels remain elevated as Amazon invests heavily in data centers and logistics infrastructure. While these investments support future growth, they constrain near-term free cash flow generation.

Analyst Perspectives

Wall Street consensus remains largely positive on Amazon. Most major firms maintain Buy or Outperform ratings, citing the company’s diversified revenue streams and leadership in cloud and e-commerce. Average price targets suggest moderate upside potential from current levels, though forecasts vary widely depending on assumptions about AI monetization speed.

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Some analysts have recently adopted a more neutral stance, recommending investors wait for pullbacks before initiating new positions. They highlight that much of the positive AI narrative may already be priced in, particularly given the stock’s strong performance throughout 2026.

Strategic Outlook for Remainder of 2026

Amazon continues focusing on three primary growth vectors: AWS expansion, advertising innovation and retail efficiency. The company has signaled increased investment in artificial intelligence across all segments, including enhanced search capabilities on its retail platform and new AI-powered tools for sellers.

International markets, particularly India and Europe, represent significant long-term opportunities. Amazon has tailored its offerings to local preferences while navigating regulatory requirements in various jurisdictions.

The company’s balance sheet strength provides flexibility for strategic acquisitions, share repurchases and continued infrastructure investment. Its commitment to operational efficiency has helped offset inflationary pressures in supply chains and labor costs.

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Investment Considerations

For investors evaluating Amazon stock in 2026, the decision largely depends on time horizon and conviction in the company’s ability to execute on its AI and cloud ambitions. Long-term believers in Amazon’s ecosystem advantages may view current levels as reasonable entry points for sustained growth. Shorter-term investors might prefer monitoring for more attractive valuations following any market corrections.

Diversification remains advisable given the stock’s sensitivity to technology sector sentiment and macroeconomic conditions. Regular review of quarterly results, AWS growth metrics and management commentary on capital allocation will be essential for tracking performance.

Amazon’s transformation from an online retailer to a diversified technology leader has been one of the most successful corporate evolutions in recent decades. Its combination of scale, innovation and operational discipline continues to attract long-term capital, though the stock’s elevated valuation requires careful risk assessment.

As the year progresses, key catalysts will include second-quarter earnings, updates on AI product adoption and progress in international markets. Amazon’s ability to balance aggressive growth investments with improving profitability will likely determine whether the stock can sustain its upward trajectory through the end of 2026 and beyond.

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North West firms ‘remain resilient despite high costs’, Barclays Business Prosperity Index shows

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Bank research suggests larger firms still considering investment

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Barclays has issued its Q1 2026 Business Prosperity Index(Image: PA)

North West businesses are staying resilient despite the problems caused by high costs and economic uncertainty, new research from Barclays has shown. Barclays’ Q1 2026 Business Prosperity Index showed 77% of those polled were confident in the strength of their business over the next 12 months.

But costs and skills remain challenges for local firms. Some 56% of those polled said input costs were having a negative impact on long-term growth, with 57% citing labour costs as a drag on growth. And 79% of those polled said difficulties finding skilled workers were hitting their ability to grow.

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The index also draws on anonymised Barclays client data from more than 66,000 North West firms. It showed cash inflows from North West SMEs into Barclays Business Banking accounts rose 0.3%, compared to a national average rise of 0.2%. But larger firms with Barclays Corporate Bank saw cash flows fall 8%, above the national rate of 7%.

North West SMEs increased their savings buffers by 2.6% overall and cut their borrowing by 13.5% overall, mirroring the national picture. Meanwhile larger corporates continued to increase their longer-term borrowing at above national average levels, which Barclays said is “suggesting investment intentions may remain intact”.

Karen Johnson, head of retail and wholesale at Barclays Corporate Banking, said: “Businesses across the North West are continuing to operate in a challenging environment, with cost pressures, skills shortages and economic uncertainty all weighing on growth.

“Despite this, it’s clear that firms are showing resilience and adaptability. Many are taking a disciplined approach to managing costs while continuing to invest in areas that support long-term productivity and competitiveness.

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“The strength of confidence in their own prospects reflects the underlying resilience of businesses across the region, even as the wider economic outlook remains uncertain.”

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TransUnion (TRU) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

TransUnion (TRU) Bernstein 42nd Annual Strategic Decisions Conference May 27, 2026 10:00 AM EDT

Company Participants

Christopher Cartwright – President, CEO & Director

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Conference Call Participants

Kelsey Zhu – Autonomous Research US LP

Presentation

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Kelsey Zhu
Autonomous Research US LP

Good morning, and welcome, everyone. Thanks for joining us at our 42nd Strategic Decisions Conference. My name is Kelsey Zhu, I’m the information services analyst at Autonomous. With me on stage today, I’m very pleased to welcome Chris Cartwright, the President and CEO of TransUnion.

Christopher Cartwright
President, CEO & Director

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Thank you. Good to be here.

Kelsey Zhu
Autonomous Research US LP

Thanks so much for joining us again.

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Christopher Cartwright
President, CEO & Director

Always a pleasure.

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Question-and-Answer Session

Kelsey Zhu
Autonomous Research US LP

So Chris, I know we have a lot to talk about today. There’s macro, there’s consumer, there’s AI, there’s the whole credit score transition topics that I want to pick your brain on. But I think a good place to start is you obviously had 9 consecutive quarters of delivering organic revenue growth of high single digit and above. In the last quarter, your growth actually accelerated to 11%. So this is definitely outperforming the type of credit volume trends we’ve seen in the market. Could you maybe just tell us a little bit more about what’s structurally different in TransUnion’s portfolio today that’s driving all the strong performance?

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Christopher Cartwright
President, CEO & Director

Okay. Just a bit about TransUnion because I know there are some generalists in the audience that I want to level set before I answer your very good question.

So we’re one of the 3 large global credit reporting and consumer information companies, if you will. We operate in 30 countries around the world. Roughly 80% of the revenue comes out of the U.S., where

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Prince Harry and Meghan Markle Criticized for Photos Released During King Charles’ Northern Ireland Visit

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Nancy Guthrie & Savannah Guthrie

LONDON — Prince Harry and Meghan Markle have drawn sharp criticism from some royal insiders after posting romantic photographs marking their eighth wedding anniversary while King Charles III was on an official visit to Northern Ireland, with sources describing the timing as poorly judged and potentially attention-seeking.

The images, shared on the couple’s social media channels, featured intimate moments from their 2018 wedding and recent family life. The post coincided with the King and Queen Camilla’s engagements in Northern Ireland, prompting frustration among some Palace circles who believe the Sussexes’ actions repeatedly overshadow senior royals’ public duties.

Royal sources told media outlets that the pattern has become a point of growing irritation. One insider described the timing as “cringeworthy,” suggesting it appeared deliberate and disruptive to the monarchy’s official schedule.

“There is enormous frustration in some Palace circles because this pattern keeps repeating itself,” the source said. “Every time there is a major royal engagement involving the King or Queen, something appears from Harry and Meghan that drags media attention back toward themselves.”

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Context of the Controversy

King Charles’ visit to Northern Ireland focused on community initiatives, reconciliation efforts and strengthening ties within the United Kingdom. The trip was viewed as an important opportunity to highlight the monarchy’s role in public service and national unity. The release of the anniversary post during this period was seen by critics as undermining that focus.

The couple’s decision to step back from royal duties in 2020 and relocate to California has led to ongoing tensions. While Harry and Meghan have pursued independent projects through their Archewell Foundation and various media ventures, their public actions continue to generate significant attention and occasional friction with the royal institution.

Personality Insights from Insiders

Despite the strain, sources close to the family noted shared personality traits between Prince Harry and King Charles. Both are described as emotional individuals who are deeply committed to causes they support and willing to speak openly about important issues.

“Harry and King Charles actually share many personality traits,” one insider said. “Both are emotional people who care about causes they support and are willing to speak openly about important issues.”

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Harry has maintained that his choices were driven by a desire to protect his family and live more authentically. Supporters argue that as private citizens, the couple should be free to celebrate personal milestones without being accused of competing with royal engagements.

Ongoing Royal Family Dynamics

The latest episode adds to a series of public and private tensions since Harry and Meghan’s departure from royal life. The couple has faced both praise for their advocacy work and criticism for perceived attempts to maintain relevance in British public life while living abroad.

King Charles has reportedly kept limited contact with his son, though formal meetings have been infrequent. The monarch’s busy schedule, health challenges and official responsibilities have kept the focus on his role as head of state and head of the Commonwealth.

Palace advisers have expressed concern that repeated overlapping headlines create an impression of disunity. However, no official statement has been issued regarding the anniversary post, and the royal household has continued with its planned program of engagements.

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Harry and Meghan’s Position

Representatives for the Duke and Duchess of Sussex have not publicly responded to the criticism. Sources close to the couple maintain that personal anniversaries should not be dictated by the royal calendar, particularly as they operate independently with their own charitable and professional commitments.

Harry has spoken previously about his enduring connection to Britain, citing his military service and ongoing support for causes such as mental health awareness and environmental conservation. The couple’s Archewell Foundation continues projects in these areas.

Broader Implications

The incident highlights the challenges the royal family faces in managing public perception in the digital age. Social media allows instant sharing of personal content, which can sometimes coincide with official events and generate competing narratives regardless of intent.

Royal commentators note that modern media dynamics make complete control over timing nearly impossible for high-profile figures. However, the sensitivity around major royal engagements remains high, particularly when they involve the monarch’s official duties.

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The controversy, while relatively minor, underscores the persistent public fascination with the dynamics between Prince Harry, Meghan Markle and the wider royal family. It also reflects broader questions about how the institution balances tradition, privacy and contemporary communication expectations.

As the royal family continues its program of public service and national representation, the latest episode serves as another reminder of the complex relationships within one of the world’s most closely watched institutions. For now, focus returns to King Charles’ official duties, while Harry and Meghan navigate their life and work outside the royal fold.

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‘Useful’ garage storage solutions to neatly organise tools branded ‘fantastic quality’

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BiGDUG currently has money off its garage collection, with products ranging from storage bins to shelving units

BiGDUG garage colection

Shoppers can get 5% off on the website.(Image: BiGDUG)

Homeowners or businesses looking to organise cluttered garages and workshops can currently save extra money on a range of bestselling storage solutions from BiGDUG. The retailer is offering shoppers 5% off its garage collection with the code BD5GARAGE, with the discount applied before VAT and delivery costs.

The range includes shelving, workbenches and storage systems designed to help maximise space in garages, sheds and home workshops. One standout option is the BiGDUG Essentials Recycled Plastic Parts Bins from £26.99, which are designed to neatly organise smaller tools, screws, fittings and accessories.

Another popular storage solution is the BiGDUG Garage Shelving Units from £43.79, down from £47.27, designed for heavier-duty storage while helping keep tools, paint tins and DIY equipment organised and easily accessible. The shelving systems are made to work seamlessly with other products in the wider collection.

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A collage of the BiGDUG collection

The range includes shelving, workbenches and storage systems.(Image: BiGDUG)

Shoppers wanting a more practical workspace setup may also like the BiGDUG Garage Workstation Mega Deal priced at £795.60 down from £914.40, which is designed for garages and hobby rooms needing a durable work surface alongside integrated storage. As with most of BiGDUG’s products, there are plenty of options to customise this workstation, with customers able to choose how many drawers and doors they want in the setup.

For smaller garages or tighter spaces, the BiGDUG Wall Storage Cupboard for £199.20 which offers a way to free up floor space while keeping everyday tools and accessories within easy reach. According to BiGDUG, the collections are designed to make it easier for customers to build a setup that suits their own space, budget and storage needs, whether fitting out a professional workshop or simply creating a more organised garage at home.

If customers wanted to look around, there are plenty of other options on the market. For example, Tufferman has the 3x VRS Garage Shelving for £119.99, down from £149.97. This price is based on the 200kg load capacity and it has five levels that are adjustable in height to help maximise storage space – plus, Tufferman has plenty of other options for workbenches, workstations, storage boxes and more.

The BiGDUG collection

The discount is applied before VAT and delivery costs.(Image: BiGDUG)

For those looking for something more cheap and simple, B&Q has the Strata Heavy duty Black 60L Plastic Stackable Storage box & Lid for £13.20. This one comes with a lid and has clip handles, making it ideal for garage organisation and more.

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Shoppers have raved about BiGDUG’s products. One shopper praised the bins in a review, writing: ‘Fab trays for our BiGDUG shelves. So useful! I love BiGDUG products, always excellent!’

Another added: “The online ordering is simple, delivery is getting quicker, packaging is a bit over the top, two boxes in another box. The quality of the bins is great.”

The BiGDUG Garage Shelving

The shelves have been rated highly online.(Image: BiGDUG)

For the Garage Workstation, one person removed a star and said: “Overall, very satisfied, however instructions could be better.”

Overall, the reviews were overwhelmingly five stars, like this one for the storage cupboard that said: “Great product was fantastic quality.”

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BiGDUG is currently offering 5% off its garage collection with the code BD5GARAGE.

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Rubio says US cannot allow any Ebola cases to enter the country

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Rubio says US cannot allow any Ebola cases to enter the country


Rubio says US cannot allow any Ebola cases to enter the country

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