deal – Latest News https://latestnews.top Thu, 14 Sep 2023 12:54:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://latestnews.top/wp-content/uploads/2023/05/cropped-licon-32x32.png deal – Latest News https://latestnews.top 32 32 Hilton Food shares soar as FTSE 250 firm agrees supply deal with Walmart https://latestnews.top/hilton-food-shares-soar-as-ftse-250-firm-agrees-supply-deal-with-walmart/ https://latestnews.top/hilton-food-shares-soar-as-ftse-250-firm-agrees-supply-deal-with-walmart/#respond Thu, 14 Sep 2023 12:54:34 +0000 https://latestnews.top/2023/09/14/hilton-food-shares-soar-as-ftse-250-firm-agrees-supply-deal-with-walmart/ Hilton Food shares soar as FTSE 250 firm agrees supply deal with Walmart Hilton revealed it would build a new manufacturing plant in Eastern Canada Walmart is one of Canada’s largest employers and serves 1.5m people per day By Harry Wise Updated: 07:51 EDT, 14 September 2023 Hilton Food Group shares soared on Thursday after […]]]>


Hilton Food shares soar as FTSE 250 firm agrees supply deal with Walmart

  • Hilton revealed it would build a new manufacturing plant in Eastern Canada
  • Walmart is one of Canada’s largest employers and serves 1.5m people per day

Hilton Food Group shares soared on Thursday after the FTSE 250 group signed a deal with Walmart to supply the retail giant’s Canadian hypermarket stores.

The food packaging business revealed it would build a new manufacturing plant in Eastern Canada that will deliver various meat products, beginning with beef, lamb, pork and seafood, to Walmart ‘supercentres’.

A newly-created subsidiary of Hilton is set to finance construction of the packing facilities, with debt used for funding investment in plant and equipment.

Agreement: Hilton Food Group has signed a deal to supply meat products, such as beef, lamb, pork and seafood to Walmart's Canadian hypermarket stores

Agreement: Hilton Food Group has signed a deal to supply meat products, such as beef, lamb, pork and seafood to Walmart’s Canadian hypermarket stores

It hopes to commence production by 2026, with its first North American factory offering robotised store order picking into Walmart’s distribution outlets.

The Huntingdon-based firm believes the tie-up ‘represents a significant step forward’ for both groups in satisfying the growing demand in Canada for ‘high-quality, good value and increasingly sustainable protein products’.

Walmart is one of Canada’s largest employers and serves 1.5 million customers per day across more than 400 outlets. 

Following the trading update, Hilton Food Group shares jumped 8 per cent to £7.84 on Thursday lunchtime, making them the second-best performer on the FTSE 250 Index behind Trainline.

Steve Murrells, chief executive of Hilton, said the agreement was ‘another sign of the strength of our customer offer, as well as growing consumer demand for high quality, affordable, protein products, which we can deliver through our scale, international experience, and supply chain expertise’.

He added: ‘Hilton Foods and Walmart share the same high standards of sustainability, and we are looking forward to providing Walmart with the service and range of quality products for which Hilton Foods is known.’

Murrells, the former Co-Operative Group boss, took over at Hilton in July following the departure of Philip Heffer, who had been in charge for five years and with the firm for almost three decades.

The company’s new supply deal comes a week after it released half-year results showing sales rose by 5.2 per cent for £2.1billion for the 28 weeks ending 16 July.

Revenue growth reflected rising volumes and raw material prices and a full-trading period for Foppen, a smoked salmon producer bought by Hilton in March 2022.

Trading was further uplifted by a continued strong performance from its core meat category and a rebound in seafood demand. 

Yet adjusted pre-tax profits slumped by 22.8 per cent to £26.8million due to higher interest payments and cost inflation, which particularly impacted Dalco, a vegan and vegetarian food manufacturer in the Netherlands.

Founded in 1994, Hilton supplies food to retailers across 19 countries, including supermarket chains Tesco, Morrisons and Waitrose, as well as pub chain Mitchells & Butlers and cruise shipping firm Carnival.





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REVEALED: Man United’s new shirt sponsorship deal with Snapdragon is worth a WORLD-RECORD https://latestnews.top/revealed-man-uniteds-new-shirt-sponsorship-deal-with-snapdragon-is-worth-a-world-record/ https://latestnews.top/revealed-man-uniteds-new-shirt-sponsorship-deal-with-snapdragon-is-worth-a-world-record/#respond Wed, 13 Sep 2023 07:09:12 +0000 https://latestnews.top/2023/09/13/revealed-man-uniteds-new-shirt-sponsorship-deal-with-snapdragon-is-worth-a-world-record/ The Red Devils have struck an agreement with software provider Snapdragon The deal is worth a record £60m a year and will start from next season  Listen to the latest episode of Mail Sport’s podcast It’s All Kicking Off!  By Dan Cancian For Mailonline Published: 02:39 EDT, 13 September 2023 | Updated: 02:52 EDT, 13 […]]]>


  • The Red Devils have struck an agreement with software provider Snapdragon
  • The deal is worth a record £60m a year and will start from next season 
  • Listen to the latest episode of Mail Sport’s podcast It’s All Kicking Off! 

Manchester United‘s search for a new shirt sponsor is over after the club confirmed they had agreed a £60million deal with US software company Snapdragon.

The software giant is a subsidiary of technology company Qualcomm who had been in discussions with United over becoming the club’s new front-of-shirt sponsors. 

The new deal is richer than the current biggest shirt sponsorship package, which is held by Real Madrid and Fly Emirates.

The Red Devils have been seeking new shirt sponsors after announcing last year that their existing deal with TeamViewer wouldn’t be renewed.

The current deal with the German company is worth £47m-a-year, but the company came under pressure from shareholders during the pandemic, which described the five-year £235m agreement with United as ‘appalling judgement’. 

Manchester United have agreed a new shirt sponsorship deal with US firm Snapdragon

Manchester United have agreed a new shirt sponsorship deal with US firm Snapdragon

United's existing sponsorship deal with Team Viewer will finish at the end of the season

United’s existing sponsorship deal with Team Viewer will finish at the end of the season

TeamViewer later announced that an agreement had been made for United to buy back their front of shirt sponsorship rights and the club have been targeting new investment ever since. 

The software company has now become a global partner with United. 

United confirmed their new sponsor on Tuesday in a short press release that read: ‘Manchester United PLC has agreed to an expanded strategic collaboration with Qualcomm Technologies, Inc, that will see the Snapdragon brand displayed on the club’s famous shirts.

‘Qualcomm technologies is already a global partner of Manchester United, promoting it’s Snapdragon brand. 

‘Snapdragon processors power premium products from the world’s biggest brands across smartphones, PCs, extended reality glasses, gaming devices, wearables, and connected cars.

‘Under the expanded agreement, Snapdragon will become Manchester United’s front of shirt partner from the start of the 2024/25 season, featuring on the home, away and third kits of the men’s and women’s teams.’

United’s new shirt sponsor will cover the home, away and third first-team shirts

The deal will also see Snapdragon feature on the women's shirts and will replace existing sponsor Team Viewer

The deal will also see Snapdragon feature on the women’s shirts and will replace existing sponsor Team Viewer

United will see out the remainder of the current season with their shirts featuring Team Viewer logos after the decision was taken to delay the rebranding until next year given the number of shirts already in circulation.

The Snapdragon logo will feature on United’s iconic home red shirt along with the away and third strips of the men’s and women’s teams.

The deal comes at a time of rising tensions between United’s owners and faithful fan base with supporters frequently protesting against the Glazer family.

United supporters want the club to be sold to a new owner and are frustrated with delays to the ongoing process that originally started in November last year. 

IT’S ALL KICKING OFF! 

It’s All Kicking Off is an exciting new podcast from Mail Sport that promises a different take on Premier League football.

It is available on MailOnline, Mail+, YouTube, Apple Music and Spotify.




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David Beckham-backed online gaming group Guild Esports seals Sky TV deal https://latestnews.top/david-beckham-backed-online-gaming-group-guild-esports-seals-sky-tv-deal/ https://latestnews.top/david-beckham-backed-online-gaming-group-guild-esports-seals-sky-tv-deal/#respond Tue, 12 Sep 2023 00:39:25 +0000 https://latestnews.top/2023/09/12/david-beckham-backed-online-gaming-group-guild-esports-seals-sky-tv-deal/ David Beckham-backed online gaming group Guild Esports seals Sky TV deal By Daily Mail City & Finance Reporter Updated: 18:32 EDT, 11 September 2023 Shares in an online gaming group co-owned by David Beckham surged after it signed another deal with Sky. Guild Esports, whose teams of video game professionals compete against rivals for money, […]]]>


David Beckham-backed online gaming group Guild Esports seals Sky TV deal

Shares in an online gaming group co-owned by David Beckham surged after it signed another deal with Sky.

Guild Esports, whose teams of video game professionals compete against rivals for money, appointed Sky Glass as its official television partner.

Sky Glass is the streaming TV service from Sky that does not require a satellite dish.

Result: Former England and Manchester United captain David Beckham (pictured) has a stake Guild Esports worth around £185,000

Result: Former England and Manchester United captain David Beckham (pictured) has a stake Guild Esports worth around £185,000

Alongside the new deal – which will see Guild receive increased sponsorship fees for years two and three of the existing agreement – Sky will invest a ‘six-figure’ sum to refurbish the Sky Guild Gaming Centre where the company is based in east London.

Shares in Guild Esports rose 11.1 per cent, or 0.08p, to 0.75p. 

That gave the company a value of £4.7million – with former England and Manchester United captain Beckham’s near-4 per cent stake worth around £185,000.

Boss Jasmine Skee said: ‘Since first partnering with Sky in September 2022, our relationship has flourished. 

‘With our shared vision and commitment to esports excellence, we are setting the gold standard for partnerships in the esports realm.’



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Round Hill shares rocket on £376m music deal https://latestnews.top/round-hill-shares-rocket-on-376m-music-deal/ https://latestnews.top/round-hill-shares-rocket-on-376m-music-deal/#respond Sat, 09 Sep 2023 12:28:08 +0000 https://latestnews.top/2023/09/09/round-hill-shares-rocket-on-376m-music-deal/ Round Hill shares rocket on £376m music deal By John-Paul Ford Rojas Updated: 05:17 EDT, 9 September 2023 Shares in the copyright owner of a string of songs by the Supremes and Louis Armstrong surged 64 per cent yesterday after it agreed to a £376m US takeover. Round Hill Music Royalty (RHM), whose catalogue of […]]]>


Round Hill shares rocket on £376m music deal

Shares in the copyright owner of a string of songs by the Supremes and Louis Armstrong surged 64 per cent yesterday after it agreed to a £376m US takeover.

Round Hill Music Royalty (RHM), whose catalogue of more than 150,000 songs includes I’d Do Anything For Love (But I Won’t Do That) by Meat Loaf, announced a deal with Nashville-based Concord.

The announcement also threw the spotlight on London-listed rival Hipgnosis, whose shares jumped more than 15.6 per cent amid speculation it might also prove an attractive takeover target. Its catalogue includes songs from Shakira and Neil Young.

RHM was founded by Josh Gruss, a former Bear Stearns investment banker who also previously worked in the music industry.

Gruss will net around £24m for his stake in the company.

Concord chief executive Bob Valentine said RHM had ‘built an impressive portfolio of music rights which generate revenue across a variety of income streams’.

RHM’s catalogue is concentrated on ‘evergreen’ music made before 2010. Its business involves shelling out for musicians’ back catalogues, giving them a one-off payday. It then earns revenues when the songs are played on the radio or streaming platforms.

The biggest-earning song last year was the mournful 1975 hit All By Myself written by Eric Carmen followed by Louis Armstrong’s What A Wonderful World.

They helped the company achieve royalties of £29m last year, and a £850,000 profit.



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Warner Music makes history as it signs a record deal with the first AI virtual pop star – https://latestnews.top/warner-music-makes-history-as-it-signs-a-record-deal-with-the-first-ai-virtual-pop-star/ https://latestnews.top/warner-music-makes-history-as-it-signs-a-record-deal-with-the-first-ai-virtual-pop-star/#respond Fri, 08 Sep 2023 11:44:10 +0000 https://latestnews.top/2023/09/08/warner-music-makes-history-as-it-signs-a-record-deal-with-the-first-ai-virtual-pop-star/ Warner Music has signed the first ever record deal with a virtual pop star in what is a potentially seismic moment in the industry — but is facing a backlash online for ‘sexualising a child-like body’ in the avatar’s ‘creepy’ debut music video. Noonoouri was created in 2018 as an 18-year-old metaverse avatar, before going on to […]]]>


Warner Music has signed the first ever record deal with a virtual pop star in what is a potentially seismic moment in the industry — but is facing a backlash online for ‘sexualising a child-like body’ in the avatar’s ‘creepy’ debut music video.

Noonoouri was created in 2018 as an 18-year-old metaverse avatar, before going on to star in fashion campaigns for Dior, Balenciaga and Valentino.

The digital influencer has so far amassed more than 400,000 followers on Instagram and is now set to release her first single Dominoes, which has already had more than 60,000 views on YouTube.

It did not hit the right note with most pop fans, however, as they took to social media to slam Warner’s ‘disgusting’ decision to create ‘pedo clickbait’ with a music video that features Noonoouri wearing Kim Kardashian‘s shapewear brand Skims.

One X user wrote ‘Why….is it a child?’, while another said: ‘Just when I thought they couldn’t sink lower.’

Controversial: Warner Music has signed the first ever record deal with a virtual pop star ¿ but is facing a backlash online for 'sexualising a child-like body' in her 'creepy' debut music video

Controversial: Warner Music has signed the first ever record deal with a virtual pop star — but is facing a backlash online for ‘sexualising a child-like body’ in her ‘creepy’ debut music video

Fashionista: Noonoouri was created in 2018 as an 18-year-old metaverse avatar, before going on to star in fashion campaigns for Dior, Balenciaga and Valentino

Fashionista: Noonoouri was created in 2018 as an 18-year-old metaverse avatar, before going on to star in fashion campaigns for Dior, Balenciaga and Valentino

WHO IS NOONOOURI? 

Created: 2018

What is she? An 18-year-old metaverse avatar

Social media presence: 400,000 followers on Instagram

Known for: Fashion campaigns for Dior, Balenciaga and Valentino

Created by: 43-year-old graphic designer Joerg Zuber, from Munich

Made history for: Being the first virtual pop star signed to a record deal

Record label: Warner Music

Debut single: Dominoes

Others said Noonoouri had the body of a ’12 year old’ and was ‘so disgusting’, while X user Lachlan Blackmore added: ‘Is this the look Warner want to be associated with?’ 

It is not the first time parents have expressed concern about metaverse characters being ‘hypersexualised’, in particular in relation to the game Avakin Life, where virtual pop star Polar regularly performs to crowds of teenagers

‘My daughter has been on this app around three months. She is 15. The app alleges safe to play for over 13s. She has met children younger than that, parading their avakin dolls in skimpy underwear, looking for relationships, mentioning sex,’ one parent wrote in a review of the game.

‘What is unclear is how many of these kids are actually kids and not adults looking for kids.’

Avakin Life said at the time that it took teen safety ‘very seriously’, and highlighted that it had a reporting system.

A spokesperson for Warner Music Central Europe said: ‘Noonoouri is a long-standing digital character who we’ve signed to a record deal.

‘She’s not AI generated, though AI assisted tech was used to help create her singing voice.

‘Talented songwriters and musicians wrote and recorded her debut track Dominoes, and we can’t wait for fans to discover it.’

Growing in popularity: The digital influencer has so far amassed more than 400,000 followers on Instagram and is now set to release her first single Dominoes, which has already had more than 60,000 views on YouTube

Growing in popularity: The digital influencer has so far amassed more than 400,000 followers on Instagram and is now set to release her first single Dominoes, which has already had more than 60,000 views on YouTube

It did not hit the right note with most pop fans, however, as they took to social media to slam Warner's 'disgusting' decision to create 'pedo clickbait' with a music video that features Noonoouri wearing Kim Kardashian 's shapewear brand Skims

It did not hit the right note with most pop fans, however, as they took to social media to slam Warner’s ‘disgusting’ decision to create ‘pedo clickbait’ with a music video that features Noonoouri wearing Kim Kardashian ‘s shapewear brand Skims

The company has not revealed how much its record deal with Noonoouri is worth but every singer, songwriter and musician who contributed to the debut track will receive royalties and publishing splits, as is the case with traditional music production.  

Noonoouri’s voice has a raspiness to it after being created using generative AI, a technology that takes existing data and transforms it into something entirely new.

It involved taking the recording of a real human singer and modifying it to give the pop star her unique vocal identity.  

The character’s debut single features 38-year-old German DJ and music producer Alle Farben, whose real name is Frans Zimmer. 

In an Instagram post, Noonoouri wrote: ‘Music plays a big role in my life since the beginnings.

‘It sets me into the mood and nourishes my visions and ideas to bring them to life as a driving force inside of me. 

‘Warner Music is the home of a lot of my fave music artists. 

‘I cannot be more thankful and honoured to join such a wonderful family, where music tunes are the beat of life.’

Noonoouri's voice has a raspiness to it after being created using generative AI, a technology that takes existing data and transforms it into something entirely new

Noonoouri’s voice has a raspiness to it after being created using generative AI, a technology that takes existing data and transforms it into something entirely new

In an Instagram post, Noonoouri wrote: 'Warner Music is the home of a lot of my fave music artists. 'I cannot be more thankful and honoured to join such a wonderful family, where music tunes are the beat of life'

In an Instagram post, Noonoouri wrote: ‘Warner Music is the home of a lot of my fave music artists. ‘I cannot be more thankful and honoured to join such a wonderful family, where music tunes are the beat of life’

Teaming up: The character's debut single features 38-year-old German DJ and music producer Alle Farben (pictured as an avatar with Noonoouri), whose real name is Frans Zimmer

Teaming up: The character’s debut single features 38-year-old German DJ and music producer Alle Farben (pictured as an avatar with Noonoouri), whose real name is Frans Zimmer

Noonoouri was created by 43-year-old graphic designer Joerg Zuber, from Munich. 

Commenting on her debut music video on Instagram, he said: ‘After two years working so hard on this music project, we finally can share this incredible teamwork with world — thank you @warnermusic.de for believing in us #TheBeginning.’

Warner Music’s announcement comes just a month after it emerged that rival Universal Music was in talks with Google to license artists’ voices and melodies so they can be used for songs generated by AI

Discussions are at a very early stage and no product launch is imminent, but the aim is to come to an agreement whereby more software can be developed that allows fans to create AI songs and pay the owners of the copyright.

Artists would be given the choice of opting in or out of the venture.

It is a similar situation to the one the music business found itself in with the rise of YouTube, where people began using hit songs as soundtracks to videos they had created.

This led to years of legal wrangling over copyright infringement until an agreement was reached that sees the music industry paid about $2 billion (£1.5 billion) a year for user-generated clips.

MailOnline has contacted Warner Music for comment on the concerns that Noonoouri resembles a child.  

What AI pop will sound like: How the cloned voices of Harry Styles, Rihanna and Kanye offer a blueprint for the songs of the future

Streaming may have killed off MP3s in the same way the iPod put paid to CDs and cassettes ended the dominance of vinyls. 

Each time the music industry has adapted and evolved. 

Fake: A 'deepfake' has been produced of Rihanna supposedly performing Beyoncé's Cuff It

Fake: A ‘deepfake’ has been produced of Rihanna supposedly performing Beyoncé’s Cuff It

But what do record labels have up their sleeves to ward off the threat of artificial intelligence (AI)? 

Well, after the emergence of a string of ‘deepfake‘ songs where the likes of Johnny Cash, Frank Sinatra and Drake have had their voices convincingly mimicked, the world’s largest record label is taking action.

Universal Music is now in talks with Google to license artists’ voices and melodies so they can be used for songs generated by AI. So how will this new-age music be produced and what does it sound like? 

MailOnline takes a look.

Shake up: Universal Music is now in talks with Google to license artists' voices and melodies so they can be used for songs generated by AI. It follows the emergence of a string of 'deepfake' songs where the likes of Drake and Rihanna have had their voices convincingly mimicked

Shake up: Universal Music is now in talks with Google to license artists’ voices and melodies so they can be used for songs generated by AI. It follows the emergence of a string of ‘deepfake’ songs where the likes of Drake and Rihanna have had their voices convincingly mimicked



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UK records fourth Pirola case but new study suggests ‘real deal’ Covid variant may not be https://latestnews.top/uk-records-fourth-pirola-case-but-new-study-suggests-real-deal-covid-variant-may-not-be/ https://latestnews.top/uk-records-fourth-pirola-case-but-new-study-suggests-real-deal-covid-variant-may-not-be/#respond Tue, 05 Sep 2023 13:12:34 +0000 https://latestnews.top/2023/09/05/uk-records-fourth-pirola-case-but-new-study-suggests-real-deal-covid-variant-may-not-be/ Pirola, the new Covid variant dubbed the ‘real deal’ by experts, may not be as dangerous as initially feared, new data suggests.  Early results from a US lab found those who had previously been infected with Covid or had a jab had a similar level of immunity to other fellow Omicron Covid variants.  While this […]]]>


Pirola, the new Covid variant dubbed the ‘real deal’ by experts, may not be as dangerous as initially feared, new data suggests. 

Early results from a US lab found those who had previously been infected with Covid or had a jab had a similar level of immunity to other fellow Omicron Covid variants. 

While this won’t stop people from catching the virus, it suggests the UK’s wall of immunity should still help prevent many people from becoming severely ill.   

Experts say however this depends on the success of the autumn jab drive topping up immunity levels, which has been brought forward starting next week.  

Four Pirola cases have now been officially confirmed in the UK, after Scotland recorded an additional case yesterday.

Early results from a US lab found those who had previously been infected with Covid or had a jab had a similar level of immunity to other fellow Omicron Covid variants. While this won't stop people from catching the virus, it suggests the UK's wall of immunity should still help prevent many people from becoming severely ill

Early results from a US lab found those who had previously been infected with Covid or had a jab had a similar level of immunity to other fellow Omicron Covid variants. While this won’t stop people from catching the virus, it suggests the UK’s wall of immunity should still help prevent many people from becoming severely ill 

While virologists have warned it is too early to reliably pinpoint BA.2.86 specific symptoms, its ancestor BA.2 had some tell-tale signs. Experts aren't yet certain, however if it behaves like similar Omicron subvariants, the signs to watch out for include a runny nose, sore throat and fatigue

While virologists have warned it is too early to reliably pinpoint BA.2.86 specific symptoms, its ancestor BA.2 had some tell-tale signs. Experts aren’t yet certain, however if it behaves like similar Omicron subvariants, the signs to watch out for include a runny nose, sore throat and fatigue

Alarm bells were initially raised due to Pirola, technically called BA.2.86, having a catalogue of 35 mutations which experts feared could help it to evade immune defences, driving up infections and cases of severe illness.

But the US study suggests that despite Pirola coming from a different branch of the Omicron family trees than other recent and less concerning variants, including Eris and Arcturus, the protection offered from jabs and prior infection still holds.  

British experts today welcomed findings of US data labelling it ‘encouraging’ and said it ‘reinforces the value’ of the UK’s autumn Covid booster campaign. 

Others however cautioned that the results ‘only tell part of the story’ and it is still ‘difficult to say’ whether the strain will really take off.   

The research, published by the Dan Barouch Lab, part of the Center for Virology and Vaccine Research at Harvard University School of Medicine, involved 66 volunteers. 

Scientists analysed how well the antibodies of 44 of the participants — who had all received a Covid vaccine — neutralized 10 Omicron subvariants including BA.2.86. 

Global cases of the Pirola have doubled in the last week and has now been detected in the UK, US, Israel, Denmark, South Africa , Portugal, Sweden, France, Canada, Thailand and Switzerland. Health experts fear it is rapidly spreading worldwide undetected

Global cases of the Pirola have doubled in the last week and has now been detected in the UK, US, Israel, Denmark, South Africa , Portugal, Sweden, France, Canada, Thailand and Switzerland. Health experts fear it is rapidly spreading worldwide undetected

Antibodies are a key part of the immune response to Covid and a critical indicator of how likely someone is to be protected. 

They found the neutralising antibody (NAb) response was lower in BA.2.86 than its ancestor BA.2, suggests people are less protected against Pirola. 

However, when compared to other Omicron variants currently circulating, the results were similar suggesting Pirola is no better at dodging immunity.  

Researchers also compared the NAb response in the 22 who had not received a bivalent booster vaccine for up to six months. 

Of these, those with the highest levels of neutralizing antibodies against BA.2.86 had recently recovered from an Omicron infection. 

The results align with previous experiments by labs in China and Sweden last month.

Using the blood of vaccinated mice and from vaccinated and recently infected people, researchers in China found BA.2.86 can partially evade our immunity but was around 60 per cent less infectious than XBB.1.5 virus, nicknamed Kraken.

At the time scientists suggested this may explain why the strain has been detected in so many different countries, but only at low levels.

In a second Swedish experiment, researchers found that antibodies from older blood samples from late 2022 struggled to neutralize BA.2.86. 

But more recent blood samples, from more recent Covid waves, showed improved efficacy. 

Professor Stephen Griffin, an infectious disease expert at the University of Leeds, told MailOnline: ‘It is welcome news to see studies emerging that show BA.2.86 to perhaps be somewhat less antibody evasive than suspected.’

‘This begs the question though, of how this very divergent virus has spread across multiple continents. 

Alarm bells were initially raised due to Pirola, technically called BA.2.86, having a catalogue of 35 mutations which experts feared could help it to evade immune defences, driving up infections and cases of severe illness. But the US study suggests that despite Pirola coming from a different branch of the Omicron family trees than other recent and less concerning variants, including Eris and Arcturus , the protection offered from jabs and prior infection still holds

Alarm bells were initially raised due to Pirola, technically called BA.2.86, having a catalogue of 35 mutations which experts feared could help it to evade immune defences, driving up infections and cases of severe illness. But the US study suggests that despite Pirola coming from a different branch of the Omicron family trees than other recent and less concerning variants, including Eris and Arcturus , the protection offered from jabs and prior infection still holds 

Hospital admissions and numbers of beds occupied by Covid patients had also been rising. Latest NHS data shows daily Covid hospital admissions have risen almost 30 per cent since June, with a seven-day rolling average of 322 as of August 25, compared to 251 on June 7

Hospital admissions and numbers of beds occupied by Covid patients had also been rising. Latest NHS data shows daily Covid hospital admissions have risen almost 30 per cent since June, with a seven-day rolling average of 322 as of August 25, compared to 251 on June 7

‘The answer may lie in another advantage that the virus has over present dominant XBB strains that we have not yet assessed. 

‘This may involve evading the very early, or “innate” immune response, or possibly infection of a different part of the lungs.’

‘It is hard to tell the extent of spread due to limited testing, so it is welcome to see more.’ 

The study however was small and further research is required, he noted.  

He also added: ‘Only with increased numbers will we see whether more severe disease occurs at the population level, we cannot tell this yet from the limited number of documented cases. 

‘Whether or not BA.2.86 becomes a variant of concern, it represents another new evolutionary branch for the virus that further demonstrates the folly of trying to treat SARS2 like other respiratory viruses. 

‘We should act preemptively, including mitigations and broadening the vaccine programme.’

Professor Lawrence Young, a virologist at Warwick University, also told MailOnline today: ‘Data from three different labs provides evidence that the immune evasiveness of the BA.2.86 variant isn’t as extreme as originally feared. 

‘These early studies suggest that previous vaccinations and infections should provide protection from severe disease for most people. 

‘This work also reinforces the value of the autumn booster vaccine campaign, particularly the use of XBB-lineage updated mRNA vaccines.’ 

He added: ‘Other data indicates that the BA.2.86 variant is less infectious than previous Omicron variants, at least in laboratory studies. 

‘It remains a puzzle as to why this variant is spreading. 

‘It could be due to other changes in the virus – noting that, like other variants, this one is continuing to change. 

‘That’s why we can’t be complacent and need to keep monitoring for the spread of infection and particularly for new variants.’ 

Responding to the findings, UKHSA epidemiologist Meaghan Kall, also tweeted: ‘This is very encouraging for XBB vaccines. 

‘Now with three sets of data with similar results, I am feeling more confident of this result. 

In a second tweet addressing the data, she added: ‘Right now our best protection against a bad Covid season is the booster.

‘With the autumn booster campaign starting in days and XBB monovalent vaccine in the pipeline, these lab data — comparing with/without XBB infection — suggest a XBB vaccine will be effective vs BA.2.86.’

Concerns over the variant prompted the Department of Health and Social Care to u-turn on the autumn Covid and flu jab drive start date, with vaccinations for care home residents and vulnerable adults now starting earlier than scheduled.

Office of National Statistics data released on Wednesday shows there were 74 Covid deaths registered across the two countries in the week ending August 11. This was a 57 per cent rise on the 47 logged in the previous seven-day spell. But for comparison, this is just a fraction of January's toll, when cases soared to pandemic highs and deaths peaked at 654

Office of National Statistics data released on Wednesday shows there were 74 Covid deaths registered across the two countries in the week ending August 11. This was a 57 per cent rise on the 47 logged in the previous seven-day spell. But for comparison, this is just a fraction of January’s toll, when cases soared to pandemic highs and deaths peaked at 654

GPs and pharmacies are now set to begin dishing out the jabs under the autumn booster campaign from September 11, a full month earlier than originally planned.

Ministers said they had made the decision to reduce pressure on the health service while scientists rush to learn more about Pirola.

Globally the variant has now been spotted in the UK, US, Israel, Denmark, South Africa, Portugal, Sweden, Canada, France, Thailand and Switzerland.

But Professor Paul Hunter, a respected infectious disease specialist at the University of East Anglia, told MailOnline: ‘It is now difficult to say whether a new variant will really take off or not.’ 

He added: ‘For most people immunity to infection will be being driven primarily by what infections they have already had and recovered from rather than their recent vaccination history. 

‘But for the vulnerable immunisation remains important to prevent severe disease, hospitalisation.’

It is still unclear how long the variant has been in circulation, he noted and ‘is only now cropping up in countries that still do a reasonable amount of sequencing’.

Meanwhile, Dr Simon Clarke, a microbiologist from the University of Reading, told MailOnline: ‘Looking at the effectiveness of antibodies in people’s blood is useful, but only tells part of the story. 

‘Immunity is complex and made up of lots of different components, of which antibodies are just one important factor, and while these findings are encouraging, they probably don’t tell the whole story. 

‘And studies in a lab often don’t mirror exactly what happens in the real world.’

He added: ‘We know that immunity induced by vaccines is excellent at protecting against disease, but not so good at protecting against transmission, so even very effective protection against getting ill may not stop BA.2.86 spreading around the world.’

Virologists have also warned it is too early to reliably pinpoint if BA.2.86 has any new specific symptoms, as scientists are still analysing the recently discovered cases. 

Professor Francois Balloux from University College London told MailOnline: ‘Based on the tiny number of BA.2.86 cases diagnosed to date there is no evidence for, but also no reason to expect, a significant shift in symptoms.’

Professor Young, also added that a combination of immunity induced by previous infections, Covid vaccinations and ‘a combination of changes in the virus’ has seen Covid symptoms alter over the last three years. 

‘It’s much more like a cold now than when we first experienced Covid,’ he said.

However, he noted: ‘That doesn’t mean that those who are more vulnerable due to underlying conditions won’t suffer more severe symptoms if infected with BA.2.86.’

During a meeting last week the UKHSA’s variant technical group confirmed the UK’s three known BA.2.86 cases at the time, were identified through hospital testing and ‘have no known recent travel history’. 

The group is tasked with forecasting scenarios of Covid variants and producing assessments on the risk of emerging strains. 

‘The first UK case was mildly unwell and the second UK case — in England — did not have respiratory symptoms’, they said. 

A third case in Scotland however was symptomatic. But officials noted there was no laboratory data available yet, with two of the UK samples currently ‘in culture’.

Public Health Scotland (PHS) yesterday also confirmed a second case in Scotland had been identified through PCR testing. 

But details surrounding the fourth case have not yet been disclosed. 

These are also signs the virus is spreading within the community with PHS confirming Pirola had also been found in wastewater testing, in an undisclosed part of the country. 

Scientists can test community wastewater samples to monitor the prevalence of the virus through the stools of infected people. 

It comes as Covid cases in the UK are rising sharply — almost doubling in a month — just as the country heads into the autumn when the NHS gets busier.  

Data from the ZOE health study shows there were 93,432 new daily cases of symptomatic infection on September 2 — up from about 50,000 at the start of August. 

The study, which is based on data from millions of users of the ZOE app, estimates there are around 1.17million people in the UK with the virus right now – roughly one in 57. 

But the estimated peak of the pandemic, in cases, was in late March 2022, where at one point about 4.9million people were thought to have the virus.

Experts predict Covid cases will continue to rise as the UK heads into the autumn, as people mix more indoors.

This could contribute to NHS pressures, with the season traditionally a busier period for the NHS than summer. 



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Private equity swoops on UK pharma firm in £703.1m deal: Ergomed founder lands £120m https://latestnews.top/private-equity-swoops-on-uk-pharma-firm-in-703-1m-deal-ergomed-founder-lands-120m/ https://latestnews.top/private-equity-swoops-on-uk-pharma-firm-in-703-1m-deal-ergomed-founder-lands-120m/#respond Tue, 05 Sep 2023 01:51:56 +0000 https://latestnews.top/2023/09/05/private-equity-swoops-on-uk-pharma-firm-in-703-1m-deal-ergomed-founder-lands-120m/ Private equity swoops on UK pharma firm in £703.1m deal: Ergomed founder lands £120m windfall By Leah Montebello Updated: 16:55 EDT, 4 September 2023 Private equity has swooped on another British company in a deal that values the founder’s stake at more than £120million. Buyout giant Permira has agreed to buy pharmaceuticals services group Ergomed […]]]>


Private equity swoops on UK pharma firm in £703.1m deal: Ergomed founder lands £120m windfall

Private equity has swooped on another British company in a deal that values the founder’s stake at more than £120million.

Buyout giant Permira has agreed to buy pharmaceuticals services group Ergomed for £703.1million – putting it on course to become the latest firm to leave the London stock market.

The 1350p-a-share offer sent the AIM-listed stock soaring 28.1 per cent, or 296p, to 1348p.

The price tag values the near-18 per cent stake held by Ergomed founder and executive chairman Miroslav Reljanovic at £123million.

Windfall: Ergomed founder Miroslav Reljanovic's stake in the biotech firm is currently valued at £123m

Windfall: Ergomed founder Miroslav Reljanovic’s stake in the biotech firm is currently valued at £123m

But while a deal would result in a windfall for the neurologist, it would be seen as yet another blow to the stock market amid a raft of takeovers.

Companies including Morrisons, Ultra Electronics and G4S are among a host of London-listed firms to have been bought in recent years.

Interest in UK firms picked up during Covid as bidders looked to take advantage of depressed price tags and the weak pound in a wave of ‘pandemic plundering’.

This pattern has lingered into the post-pandemic world as a slew of ‘opportunistic’ investors flock towards London’s knock-down prices – fuelling concerns British companies are being snapped up on the cheap.

Ergomed is just the latest UK based healthcare firm to be targeted this year, following veterinary drugmaker Dechra’s £4.5billion deal with EQT in June and Archimed’s takeover of life sciences software firm Instem for £230million last week.

Max Herrmann, an analyst at Stifel Healthcare, said: ‘This is another example of the UK market proving a rich environment for private equity to make acquisitions highlighting it remains significantly undervalued.’

Reljanovic, a Croatian clinical investigator, set up Ergomed in Zagreb in 1997 and oversaw its float on AIM nearly ten years ago at 160p per share – valuing it at £46million. 

The company, which now has 1,400 staff in 100 countries, manages clinical trials for large pharmaceutical companies. London-based Permira focuses on investments in technology, consumer, healthcare and services.

Reljanovic, 64, said: ‘Private ownership by funds advised by Permira, a highly-experienced healthcare investor with a track record of building successful UK-based, global businesses, will allow us to build on the foundations we have created. It also brings with it opportunities to access their operational expertise, global network and capital.’

Danni Hewson, analyst at AJ Bell, said: ‘Pharma is niche, it’s specialist and it’s expensive. Private equity companies like Permira already have skin in the game and a wealth of knowledge and compatible infrastructure that makes investment a straightforward and lucrative decision.

‘For London markets the current game of private equity bargain hunting is leaving some big holes in a sector that is seen as one of the big hopes for the future of UK plc.’

But Sean Conroy, analyst at Shore Capital, said it was an ‘attractive opportunity to lock in returns’ for Ergomed.

Despite the global slowdown in deals, healthcare has been a bright spot, accounting for 16 per cent of total global mergers and acquisitions in the first seven months of this year, according to data from London Stock Exchange.

The 1350p a share offer was more than 28 per cent higher than the stock’s closing price on Friday.

Shareholders have been offered an alternative to the full cash offer under which they can take 451p a share in cash plus unlisted shares in the company. 

Ergomed’s board said the offer was ‘fair and reasonable’ and recommended shareholders back the deal.

John Dawson, the senior independent director on the Ergomed board, said: ‘The offer represents a highly attractive valuation. The acquisition also fairly reflects the exceptional quality of the Ergomed business, its people and its future prospects.’



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Mitie acquire engineering services firm JCA in a deal worth £31.5m https://latestnews.top/mitie-acquire-engineering-services-firm-jca-in-a-deal-worth-31-5m/ https://latestnews.top/mitie-acquire-engineering-services-firm-jca-in-a-deal-worth-31-5m/#respond Mon, 04 Sep 2023 11:39:54 +0000 https://latestnews.top/2023/09/04/mitie-acquire-engineering-services-firm-jca-in-a-deal-worth-31-5m/ Mitie acquire engineering services firm JCA in a deal worth £31.5m London-based group will pay initial fee of £21m The deal includes the deferred payments of up to £10.5m over three years  By Daniel Fessahaye Updated: 06:43 EDT, 4 September 2023 Mitie Group have acquired engineering services and construction firm, JCA Engineering, in a deal worth up […]]]>


Mitie acquire engineering services firm JCA in a deal worth £31.5m

  • London-based group will pay initial fee of £21m
  • The deal includes the deferred payments of up to £10.5m over three years 

Mitie Group have acquired engineering services and construction firm, JCA Engineering, in a deal worth up to £31.5million.

The London-based group revealed the deal will be comprised of an initial payment of £21million and deferred payments of up to £10.5million over three years, linked to performance.

JCA delivered revenues of £71.8million for the 12 months that ended on 31 December 2022 – growth of 17 per cent annually. 

Upbeat: Mitie announced the acquisition  of  JCA Engineering in a deal worth up to £31.5m

Upbeat: Mitie announced the acquisition  of  JCA Engineering in a deal worth up to £31.5m

‘JCA has 20 years of experience in delivering complex engineering projects across the UK, specialising in consulting, design, build and maintenance, with a particular focus on critical environments such as data centres, life sciences and healthcare sectors’, Mitie said in a statement:

Mitie shares rose up by 0.82 per cent to 98.50p in morning trading on Monday. 

Phil Bentley, group chief executive of Mitie, said: ‘We are delighted to welcome the JCA Engineering team to Mitie. 

‘The acquisition of JCA Engineering follows the Group’s strategy to invest in high growth, high margin companies, enhancing our projects capabilities in the growth areas of energy efficiency, office fitouts and critical environments.’

In June, Mitie unveiled record full-year revenues after it was boosted by contract wins, renewals acquisitions and inflationary contract re-pricing.

Revenues hit a record £4.05billion in the 12 months to 31 March, up from £4billion a year earlier, while operating profit grew to £117million, from £72million.

Ian Hodges-Jackson, founder and chairman of JCA Engineering said: ‘I am proud of my team and the capabilities we have built at JCA Engineering over the past 20 years, alongside our reputation for delivering as principal contractor in critical environments. 

‘Given Mitie’s access to a wide range of clients and its ability to finance faster growth, I’m very excited about the next phase of JCA Engineering’s development.’





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Octopus agrees deal to snap up 2m Shell Energy customers https://latestnews.top/octopus-agrees-deal-to-snap-up-2m-shell-energy-customers/ https://latestnews.top/octopus-agrees-deal-to-snap-up-2m-shell-energy-customers/#respond Fri, 01 Sep 2023 23:41:30 +0000 https://latestnews.top/2023/09/01/octopus-agrees-deal-to-snap-up-2m-shell-energy-customers/ Octopus is set to become the UK’s second biggest energy supplier after it announced plans to buy Shell’s household gas and electricity business. The company, which started as a challenger to traditional suppliers, has climbed the rankings of the energy firms and now only Centrica-owned British Gas lies ahead of it. Founded in 2015 by […]]]>


Octopus is set to become the UK’s second biggest energy supplier after it announced plans to buy Shell’s household gas and electricity business.

The company, which started as a challenger to traditional suppliers, has climbed the rankings of the energy firms and now only Centrica-owned British Gas lies ahead of it.

Founded in 2015 by businessman Greg Jackson, Octopus will supply energy to almost 6.5m customers following the deal.

The acquisition, which also includes Shell Energy’s German business, comes less than a year after Octopus took on 1.5m customers from Bulb after its collapse into administration.

The deal needs regulatory approval and is expected to be completed in the fourth quarter of the year.

The Competition and Markets Authority declined to comment on whether it will investigate.

Chief executive Jackson said: ‘Octopus has proven that it delivers game-changing service while innovating and investing relentlessly towards a cheaper cleaner energy system.’

Consolidation in the energy sector has ramped up over the last few years with Octopus emerging as one of the major players.

Many smaller suppliers collapsed in the autumn and winter of 2021 under the pressure of soaring wholesale gas prices, with millions of customers snapped up by surviving businesses. The biggest casualty of the crisis was Bulb, which had been Britain’s seventh biggest energy supplier.

E.On bought N Power in 2019 and Ovo Energy, founded by Northern Irish businessman Stephen Fitzpatrick in 2009, purchased SSE in January 2020.

Ovo Energy’s and Octopus’s trajectories are similar.

Both were founded by British entrepreneurs as challengers to the established suppliers and have gone on to become two of the major players in the UK’s energy market.

Shell Energy entered the UK domestic energy market when it bought First Utility in 2018. The oil giant announced in June that it had put its British and German domestic energy business up for sale, exiting the household energy supply sector after just five years.

It followed a strategic review of the division under chief executive Wael Sawan, who was appointed in January this year.

In May, it was reported that Ovo and Centrica were among those also interested in bidding for the company.

Spreading its tentacles: Octopus was founded in 2015 by Greg Jackson

Spreading its tentacles: Octopus was founded in 2015 by Greg Jackson

Shell Energy customers in the UK will be transferred to Octopus following the deal’s completion and will not face any disruption to energy supply.

Shell is also winding down its home energy retail business in the Netherlands but said it does not plan to exit the home energy markets in Australia or the USA. Russ Mould, investment director at AJ Bell, said that the ‘deal suits the strategic objectives of both firms’.

‘Shell exits a market that has seen low returns for energy providers, thanks to soaring wholesale energy costs and increased regulatory and political pressure in the form of caps on the prices that suppliers can charge their customers,’ Mould said.

He added: ‘Providing the transaction gets regulatory approval, this is another step for Octopus to cementing its position as a leading supplier in the UK energy supply market, following the failure or withdrawal of many rivals and its purchase of Bulb in 2022.’

The deal also includes 500,000 UK broadband customers.

Octopus does not currently have a broadband division and said it could not comment on plans for those customers until after the deal receives regulatory approval.

James Mabey, an analyst at analysis provider Cornwall Insight, said: ‘This marks the second major customer book acquisition by Octopus Energy in the last year, after the transfer of Bulb’s customers.

‘The transfer of Shell’s customers will represent an increase in customer numbers on a similar scale. The acquisition will see concentration in the domestic supply market taken to its highest level since early 2016.’

What to do if you’re a Shell Energy customer

The deal is expected to complete in the final three months of 2023 following regulatory approval so Shell customers have been advised to sit tight.

In time they will be transferred to their new account with Octopus, together with their existing direct debits and all customer credit balances are protected.

Natalie Mathie, energy expert at Uswitch, said: ‘Until any takeover is done and dusted, the business will operate as normal. 

‘Customers can be reassured that whatever happens, their credit balances will be protected and no action is required from them.

‘Shell Energy’s decision to exit the market is disappointing, as it has been a well-backed challenger to the larger energy suppliers.

‘It is important that there is strong competition between firms in the longer term, so suppliers cannot rest on their laurels when it comes to service quality and price.’ 

What about broadband customers?

Peter Ames, broadband expert at Broadband Genie, said: ‘While many eyes will be on how the Shell Energy takeover by Octopus will affect its energy customers, around half a million people also get their broadband through the company.

‘A question mark remains over the future of Shell Energy Broadband and whether Octopus will use this acquisition to venture into telecoms. 

‘For the time being at least, we are being told that customers won’t see a drop in service or an increase to their bills.’

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Callum Hudson-Odoi joins Nottingham Forest from Chelsea on three-year deal, as the winger https://latestnews.top/callum-hudson-odoi-joins-nottingham-forest-from-chelsea-on-three-year-deal-as-the-winger/ https://latestnews.top/callum-hudson-odoi-joins-nottingham-forest-from-chelsea-on-three-year-deal-as-the-winger/#respond Fri, 01 Sep 2023 17:11:59 +0000 https://latestnews.top/2023/09/01/callum-hudson-odoi-joins-nottingham-forest-from-chelsea-on-three-year-deal-as-the-winger/ Callum Hudson-Odoi joins Nottingham Forest from Chelsea on three-year deal, as the winger re-unites with his former England Under-17 coach Steve Cooper By Tom Collomosse For Mailonline Updated: 13:05 EDT, 1 September 2023 Callum Hudson-Odoi has joined Nottingham Forest from Chelsea and has signed a three-year deal at the City Ground.  The 22-year-old has been […]]]>


Callum Hudson-Odoi joins Nottingham Forest from Chelsea on three-year deal, as the winger re-unites with his former England Under-17 coach Steve Cooper

Callum Hudson-Odoi has joined Nottingham Forest from Chelsea and has signed a three-year deal at the City Ground. 

The 22-year-old has been linked with Steve Cooper‘s side for some time and will now join the club after spending last season on loan at Bayer Leverkusen.

Hudson-Odoi scored 16 goals in 126 games for the Blues and has picked up three England caps.

The move represents a fresh start for the winger, who struggled in recent years to make progress following his Achilles injury. That said, he’s been a starter at Chelsea in the World Club Cup and UEFA Super Cup. 

Ultimately, the lure of Steve Cooper, his England Under 17 coach, was decisive. Hudson-Odoi was part of the England Under-17 World Cup squad that Steve Cooper coached to glory in 2017 and has been keen on the idea of moving to Forest for some time

Cooper believes he can get Hudson-Odoi back to his best and the player believes Cooper is the best coach to do that. 

With Brennan Johnson on his way to Tottenham, Forest believe Hudson-Odoi and Anthony Elanga will give them options in wide areas to compensate for the loss of their homegrown star. 

Forest fought off a late challenge from Fulham for his signature and joins new arrivals Murillo and Nuno Taveres who also moved to the club this week.  

More to follow. 



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