logo
Support withdrawn for 10,000 homes plan near city

Support withdrawn for 10,000 homes plan near city

Yahoo18 hours ago

Pressure on towns and villages have made plans for 10,000 new homes "unsuitable", a council leader said.
It came as Rochford District Council withdrew its support for the new town on land sprawling across Southend-on-Sea and Shoeburyness.
The local authority made the decision during a meeting of its planning policy committee.
Conservative leader Danielle Belton said: "Our district simply does not have the capacity for this scale of development."
The council had previously submitted a joint "expression of interest" to the government with Southend-on-Sea City Council, which has not reversed its support.
A report discussed during the meeting showed the new town would have included a new country park.
The earmarked land was north of Fossetts Way and Bournes Green Close.
Councillors voted to tell the government they would be withdrawing an expression of interest in the development.
Belton said there was no evidence to show 10,000 homes were needed in the area.
"Continuing to support the EOI [Expression of Interest] risks giving the impression that we endorse vast, unsuitable growth, at a time when our towns and villages are already under pressure," she added.
Follow Essex news on BBC Sounds, Facebook, Instagram and X.
Plans for thousands of new homes 'insane' - MP
Calls for probe into 10,000 new homes plan
Essex housing target increases by 37%
Rochford District Council

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cantor Downgrades Joby Aviation Stock (JOBY) Due to Lack of Near-Term Upside
Cantor Downgrades Joby Aviation Stock (JOBY) Due to Lack of Near-Term Upside

Business Insider

time9 hours ago

  • Business Insider

Cantor Downgrades Joby Aviation Stock (JOBY) Due to Lack of Near-Term Upside

Cantor Fitzgerald downgraded electric vertical takeoff and landing (eVTOL) aircraft maker Joby Aviation (JOBY) to Hold from Buy with a price target of $9 due to a lack of near-term upside in the stock. While JOBY stock plunged about 8% on Thursday due to the rating downgrade, it has rallied 26.5% over the past month. As a result, the stock is up 9.1% year-to-date, thanks to a favorable executive order signed by U.S. President Donald Trump and the announcement of new deals. Confident Investing Starts Here: Indeed, the executive order would direct the Transportation Department to develop a program to accelerate eVTOL operations in the U.S., which is expected to benefit players like Joby Aviation and Archer Aviation (ACHR). This comes after Joby Aviation signed a Memorandum of Understanding (MoU) earlier this month with Abdul Latif Jameel to explore establishing a distribution agreement in Saudi Arabia for the company's electric aircraft. The agreement involves the potential delivery of up to 200 Joby aircraft and related services that are valued at about $1 billion. Cantor Moves to the Sidelines on JOBY Stock Interestingly, Cantor analyst Andres Sheppard admitted that Joby Aviation remains one of the best-positioned companies in the eVTOL sector, given its partnerships with Toyota (TM), Delta Air Lines (DAL), and the U.S. Department of Defense. However, the 4-star analyst finds JOBY stocks' valuation to be stretched, following a 60% rally over the past three months and an almost 90% gain in the past year. 'We don't see current levels as a good entry point for investors,' said Sheppard. The analyst noted that while Joby Aviation has solid liquidity, it also has one of the highest cash burn rates in the sector. In fact, the company ended Q1 2025 with about $1.3 billion in total liquidity, including Toyota's $250 million funding, but expects to spend between $500 million and $540 million in 2025. Additionally, Sheppard cautioned about delays in U.S. certification and doesn't expect Joby Aviation to secure full FAA Type Certification until at least the second half of 2026. Finally, Sheppard pointed out persistent uncertainty around the company's unit economics, such as pricing and deployment costs of its air taxi service. Is Joby Stock a Good Buy? Wall Street has a Moderate Buy consensus rating on Joby Aviation stock based on three Buys, three Holds, and one Sell recommendation. Furthermore, the average JOBY stock price target of $8.86 indicates that the stock is trading close to fair value.

Altria Picked by UBS as Safe Haven Dividend Stock
Altria Picked by UBS as Safe Haven Dividend Stock

Yahoo

time11 hours ago

  • Yahoo

Altria Picked by UBS as Safe Haven Dividend Stock

Altria Group, Inc. (NYSE:MO) is one of the best stocks for a retirement stock portfolio. The stock was highlighted by UBS equity strategists as one of the companies that offer 'safe haven' qualities, marked by strong operational performance, low stock price volatility, and a substantial dividend. A close-up of an assembly line with a blend of tobacco products. The company offers a dividend yield close to 7% and has a beta of just 0.5, meaning its stock remains relatively stable during market turbulence while delivering a return that's about 60% higher than the yield on a 10-year Treasury bond. Trivariate Research also included Altria Group, Inc. (NYSE:MO) in one of its defensive stock baskets. The firm, led by Adam Parker, pointed out that Altria tends to perform well during market downturns, while also showing strong price momentum and trading at a valuation lower than its historical average. Over the past few years, Altria Group, Inc. (NYSE:MO) stock has gained considerable ground, partly due to growing interest in the smokeless tobacco market. The company produces On! nicotine pouches, and its shares rose 30% last year and another 15% this year, through June 12 (not including dividends), reaching their highest level in six years. While that rally may raise some concerns, the nearly 7% dividend offers investors a sense of stability and income. Altria Group, Inc. (NYSE:MO) has raised its dividends 59 times in the past 55 years, which makes it a reliable option for income investors. Altria Group, Inc. (NYSE:MO) maintains a broad portfolio spanning both the tobacco and cannabis sectors. By leveraging its fully owned subsidiaries and strategic investments, the company aims to offer leading product options for adult consumers while also focusing on delivering strong returns to shareholders through dividend payouts and long-term growth. While we acknowledge the potential of MO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Lioness and pottery owner among honour recipients
Lioness and pottery owner among honour recipients

Yahoo

time14 hours ago

  • Yahoo

Lioness and pottery owner among honour recipients

A footballer and ceramics industry leader have been named among the Staffordshire recipients in the King's Birthday Honours list. Lioness Rachel Daly, from Tamworth, and Emma Bridgewater, owner of the eponymous Stoke-on-Trent-based pottery firm, were appointed MBE and DBE respectively. Daly, who currently plays for Aston Villa, received the honour for services to Association Football, having been part of England's victorious Euro 2022 campaign. The striker has 84 international appearances and also holds the Women's Super League's joint record for the most goals in a season with 22. Ms Bridgewater was honoured for her services to ceramics having founded Emma Bridgewater Pottery in 1985. The firm currently employs about 230 people at its factory on Lichfield Street, in Hanley, and the company produces 1.9 million pieces of pottery every year. She was previously appointed CBE in 2013 for services to British industry. Other Staffordshire honours include British Empire Medals (BEMs) for foster parents Elisabeth and Gavin Brownlees, an MBE for ice hockey player Saffron Lane and a BEM for volunteer fireman Andrew Buttery. Councillor Ian Cooper, leader of Staffordshire County Council, congratulated the county's recipients and thanked them for their contributions. "Staffordshire is a county rich in human talent and I am delighted to see residents' abilities, hard work and achievement recognised in this way," he added. Emma Mary Bridgewater, founder of Emma Bridgewater Pottery, is appointed a DBE for services to ceramics Sean Allen Whinray, of Stafford, senior support officer at the Staffordshire Lieutenancy, is appointed an MVO (Member of the Royal Victorian Order) for services to the Crown Michael Charles Mellor, of Cannock, coordinator of the Miners Memorial at the National Memorial Arboretum, is appointed an OBE for services to heritage and to recognition of the mining community Dr Diane Swift, of Burton upon Trent, a trustee of The Creative Learning Partnership Trust, is appointed an OBE for services to education Prof Sharon Arkell, of Burntwood, Dean of the Faculty of Education, Health and Wellbeing at the University of Wolverhampton, is appointed an MBE for for services to higher education Rachel Daly, of Tamworth, is appointed an MBE for services to association football John Ian Davies, of Stafford, Associate Professor of Biomedical Science Practice at Staffordshire University, is appointed an MBE for services to the NHS diagnostic pathology service and biomedical science education Saffron Fern Lane, of Pattingham, lately captain of the GB Women's Ice Hockey team, is appointed an MBE for services to sport Graham Lee, of Tamworth, Chair of the Statfold Narrow Gauge Museum Trust Ltd, is appointed an MBE for services to heritage railway preservation and charity Gareth Brian Moss, of Alrewas, Chair of Trustees for the John Taylor Multi-Academy Trust, is appointed an MBE for services to education Elisabeth Brownlees, of Tamworth, a foster carer for the Birmingham Children's Trust, is awarded a BEM for services to foster care Gavin Brownlees, of Tamworth, a foster carer for the Birmingham Children's Trust, is awarded a BEM for services to foster care Andrew David Buttery, of High Offley, a volunteer for Staffordshire Fire & Rescue Service, is awarded a BEM for services to the community in Staffordshire Valerie Neale, of Stonnall, is awarded a BEM for services to the community in Stonnall Tracey O'Flaherty, of Stafford, is awarded a BEM for services to the community in Staffordshire Follow BBC Stoke & Staffordshire on BBC Sounds, Facebook, X and Instagram. 'Saving the ocean is all I've ever wanted to do' Keele professors among New Year Honours recipients Foster couple thought New Year Honours a wind-up King's Birthday Honours: How does the UK honours system work? Staffordshire County Council

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store