Author: Scott Dylan

Tate & Lyle has decided to circumvent a shareholder vote concerning its acquisition of CP Kelco, a strategic move in response to new regulations.This decision follows the announcement of a significant £1.4 billion acquisition deal for CP Kelco, based in Atlanta.The company’s CEO, Nick Hampton, emphasises that the acquisition perfectly complements Tate & Lyle’s strategic growth goals.Enhancements in solutions for sweetening, mouthfeel, and fortification are anticipated as outcomes of the acquisition.The decision comes amid changes in Financial Conduct Authority rules, which reshaped the need for shareholder voting.In a strategic move, Tate & Lyle has opted to bypass the traditional requirement…

EET Fuels, owner of the Stanlow refinery, has secured significant funding agreements totalling $650 million to support its sustainability agenda.This financial backing underscores the market’s confidence in decarbonisation strategies, with Stanlow playing a pivotal role in regional and national climate goals.Significant Financial Support for EET FuelsThe Stanlow refinery, operated by EET Fuels, recently acquired substantial financial backing, securing agreements worth $650 million. This funding comes from three strategic financing facilities designed to bolster their ongoing decarbonisation plans. This move signifies the market’s belief in EET Fuels’ commitment to reducing emissions, aiming for a 95% reduction by the decade’s end.The agreements…

In a strategic move, the US Justice Department and Microsoft announced a major disruption of Russian cyber operations.The action, involving the seizure of over 100 web domains, was aimed at protecting US officials and civil society from harmful cyber activities.The targeted cyber campaign, attributed to a Russian intelligence agency, focused on collecting intelligence on US and allied pro-Ukraine efforts. Additionally, it aimed to subvert pro-democracy and human rights organisations across the US, UK, and Eastern Europe. This initiative marks another significant effort by the US Justice Department to uncover illicit Russian activities threatening democratic processes.The pilfered information included sensitive details…

The Vatican Bank has recently terminated the employment of a married couple, citing a breach of a new internal regulation. This rule, prohibiting marital relationships between staff, aims to safeguard the institution’s integrity.With only around 100 employees, the bank believes that such measures are crucial for preventing conflicts of interest and maintaining a culture of transparency. This decision has sparked significant debate and legal challenges.The Vatican Bank, known officially as the Institute for the Works of Religion, recently enforced a new policy prohibiting marriages between employees. This decision is aimed at minimising potential conflicts of interest within the bank. Given…

HSBC Innovation Banking has appointed Simon Bumfrey as interim CEO, following Erin Platts’ departure.Simon Bumfrey brings extensive experience from his previous role as head of relationship banking.His career includes significant roles in major banks such as Lloyds, Bank of Ireland, and Barclays.Erin Platts will continue as a special advisor and is set to join Octopus Ventures as CEO.The transition signifies HSBC’s ongoing commitment to leadership and innovation in the banking sector.HSBC Innovation Banking announced the appointment of Simon Bumfrey as its interim CEO. This decision follows the departure of Erin Platts, marking a significant leadership transition within the bank. Bumfrey’s…

A significant financial step forward has been announced for the West Midlands Investment Zone. With a substantial fund of £14.5 million, this initiative aims to advance infrastructure at Coventry Airport’s new gigafactory and support small enterprises in breaking into emerging supply chains.Approved by the West Midlands Combined Authority’s Investment Zone board, this crucial funding is the first of its kind for the region’s investment zone strategy. It dedicates £2 million to developing Greenpower Park at Coventry Airport, anticipated to house key electrification industry players and generate up to 6,000 new jobs.The recent funding announcement marks a pivotal moment for the…

CNN made headlines when it requested an interview with Melania Trump, only to be met with an unexpected demand. The former first lady’s book publisher asked for a $250,000 fee.The unusual request raises significant questions about media ethics and the protocols involving public figures. Such demands are rare, notably when linked to political individuals or their affiliates.CNN approached Melania Trump’s book publisher, Skyhorse Publishing, to secure an interview with the former first lady. In response, the publisher surprisingly demanded a $250,000 fee as part of a confidentiality and nondisclosure agreement. This request included strict terms about the usage of materials…

A transformative project in Birkenhead has taken a significant step forward, marking a key milestone. This initiative is set to reshape the urban landscape, providing numerous benefits to the local community.Over the next decade, the Hind Street Urban Village will provide new homes, educational facilities, and commercial spaces. This project illustrates a commitment to sustainable development and economic revitalisation, promising improved connectivity and quality of life for residents.The Hind Street Urban Village project in Birkenhead has attained a critical milestone, paving the way for an ambitious urban regeneration plan. The project, driven by Wirral Council, aims to transform the site…

This October, Manchester sets the stage for a culinary revival with the introduction of numerous vibrant dining options. From international cuisines to innovative concepts, the city promises a gourmet adventure for residents and visitors alike.As the autumn months unfold, Manchester stands ready to welcome an eclectic array of bars, restaurants, and cafes. These new venues are expected to invigorate the city’s dining landscape, offering something for every palate and preference.Exciting Openings in ManchesterManchester is undergoing a culinary transformation this October, welcoming an array of new dining venues that promise to excite the palate. From smashed burgers to Basque-style tapas, the…

Liverpool is on the verge of hosting the UK’s first floating sauna, an innovative wellness initiative. WYLD Sauna, in collaboration with Peel Waters, is developing this groundbreaking project at the Liverpool Waters site.Endorsed by the city council, the floating sauna will feature state-of-the-art facilities, including a 30-person sauna and ice baths, aiming to enhance waterfront experiences. The project reflects a strategic effort to blend recreation with environmental sustainability.Introduction of the UK’s First Floating SaunaLiverpool is set to host the UK’s pioneering floating sauna. This unique attraction is part of an ambitious collaboration between WYLD Sauna and Peel Waters, aimed at…