Author: Sam Allcock

The electricity ‘superhighway’ has received approval, promising to transform energy dynamics between Scotland and Yorkshire. With a massive investment of £4.3bn, this ambitious scheme aims to enhance the United Kingdom’s renewable energy capacity.Spanning 311 miles, the Eastern Green Link 2 (EGL2) will stretch from Aberdeenshire to North Yorkshire. This groundbreaking initiative is a collaborative effort between Scottish and Southern Electricity Networks and National Grid, envisioned to transport renewable energy effectively across regions.Energy regulator Ofgem has endorsed the £3.4bn electricity ‘superhighway’, marking a significant investment in the UK’s power infrastructure. This ambitious project, known as the Eastern Green Link 2, is…

A recent survey highlights the economic recovery in the Yorkshire and Humber region. Business activity, after experiencing several challenging months, is now showing signs of revival.The NatWest Regional Growth Tracker indicates an upturn in economic activities, specifically within the manufacturing and service sectors, suggesting an encouraging transformation for regional businesses.Business activities in Yorkshire and Humber have shown substantial improvement, as indicated by the recent NatWest Regional Growth Tracker. The tracker, which assesses monthly changes in the region’s manufacturing and service sectors, highlighted a resurgence in growth during July. This rebound is marked by the regional index climbing from 47.7 to…

Developer Chancerygate, in collaboration with investor Hines, has acquired a 6.4-acre site in Redditch. This strategic move paves the way for a new £35 million logistics development.The project’s ambitious plan is to create 139,000 sq ft of grade A logistics space, poised to meet the increasing demand for high-specification urban units in the West Midlands.The joint venture between Chancerygate and Hines marks a significant investment in Redditch’s industrial landscape. With the acquisition of the 6.4-acre plot on Moons Moat North Industrial Estate, the team is set to construct eleven leasehold units ranging from 7,685 sq ft to 15,950 sq ft.…

Mallows Bottling is on the brink of major growth thanks to a significant equity investment.The Development Bank of Wales has empowered this family business to expand its operations and increase capacity.Mallows Bottling is set to undergo substantial growth following a significant investment from the Development Bank of Wales. This financial backing, part of a seven-figure equity boost, will enable the company to treble its production capacity. Eighteen new jobs are expected to be created, illustrating the impact of this funding on the local economy.Founded in 2021 by Andrew Mallows and his son Rhys, Mallows Bottling has rapidly positioned itself as…

In the ever-evolving crypto landscape, building a robust portfolio requires precision and foresight.A balanced approach combining well-known stalwarts with emerging coins is essential for managing risk effectively.A crypto portfolio consists of various digital assets owned by an investor, such as tokens and blockchain investments, aimed at balancing risk and returns.Effective diversification helps mitigate risks, allowing investors to benefit from high-performing cryptocurrencies and minimize the impact of underperformers.This strategy extends opportunities by investing across blockchain sectors like decentralized finance and NFTs, leading to potential steady returns despite market volatility.Risk tolerance determines asset allocation, guiding the decision between high-risk and stable cryptocurrencies.Short-term…

Yield farming has emerged as a predominant strategy in Decentralized Finance (DeFi), offering the potential for high returns by staking or lending crypto assets.As we approach 2024, identifying the best yield farming cryptocurrencies can help investors optimise returns while managing associated risks. This article delves into critical aspects of yield farming and highlights top cryptocurrencies for maximising returns.What is Yield Farming?Yield farming, also referred to as liquidity mining, involves users providing liquidity to DeFi protocols in exchange for rewards, usually in the form of interest or additional cryptocurrency tokens. This mechanism plays a crucial role in the DeFi ecosystem by…

Monahans, a prominent accountancy firm in the South West, has strategically expanded its operations by acquiring two local businesses. This move is set to bolster its regional presence and service capabilities.By integrating McGills and The Insolvency Company into its operations, Monahans will increase its office count to 10, enhancing service delivery across the region. The acquisitions also align with Monahans’ growth strategy, aiming to consolidate expertise and improve client service.The acquisition of McGills, an esteemed accountancy firm in Gloucestershire, represents a significant enhancement to Monahans’ service portfolio. This addition brings three new office locations in Cirencester, Malmesbury, and Fairford, which…

Welsh Water embarks on a landmark £750 million tendering exercise to enhance services across Wales and Herefordshire.This tendering initiative aims to secure multiple long-term contracts to improve various operational facets, including metering and network maintenance.Welsh Water has embarked on a significant tendering exercise valued up to £750 million, aiming to enhance service delivery across Wales and Herefordshire. This substantial investment encompasses six to eight long-term contracts, set to begin next year, covering diverse areas such as metering, customer appointments, and maintenance of water networks.The tender includes a remarkable portion dedicated to metering and customer-related services, valued at up to £400…

HSBC has announced its commitment to keeping all its UK branches operational until 2026. This move comes after substantial regulatory scrutiny and public demand for maintaining cash accessibility.Simultaneously, HSBC plans a significant £50 million investment to modernise branches, highlighting their strategic focus on maintaining a customer-centric approach amidst a rapidly digitalising banking environment.HSBC’s Commitment to Branch AccessibilityHSBC has pledged to keep its branch network open until 2026, amidst regulatory and political pressures to maintain cash and in-person banking accessibility. This decision aligns with the increasing demand for physical banking options, especially for customers without reliable internet access.In a world where…

Cornish Metals, a prominent mining company, has unveiled its choice for the position of Chief Executive Officer. Experienced leader Don Turvey will soon join the firm’s executive team, pending visa approval.Mr. Turvey, who hails from South Africa, is set to begin his role on September 1st. The appointment marks a significant step in Cornish Metals’ strategy to advance its operations in Cornwall. With a mining career spanning over four decades, Mr. Turvey brings vast expertise to the company.Who is Don Turvey?Don Turvey joins Cornish Metals with over 40 years of experience in the mining industry. His career includes senior management…