Warehousing group Segro upbeat on occupier demand after 15% profit jump
Feb 14 (Reuters) - Segro (SGRO.L), opens new tab said on Friday that a pickup in occupier activity seen during the final months of the year carried into the early weeks of 2025, after the pan-European warehousing group reported a 15% jump in 2024 profit.
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Metro
4 hours ago
- Metro
Arsenal, Man Utd and Liverpool share big 'concern' over Club World Cup
Arsenal, Manchester United and Liverpool are reportedly among the clubs who share 'concern' after missing out on the 2025 Club World Cup. The Club World Cup, organised by FIFA, has been completely revamped this year and will feature a total of 32 teams, 12 of which are European. It previously only featured seven teams from around the globe but the competition has a new look this year with a huge prize pot up for grabs. Chelsea, Manchester City, Real Madrid, Bayern Munich, Inter Milan, Paris Saint-Germain, Atletico Madrid, Borussia Dortmund and Juventus are all taking part. Whichever team wins the expanded Club World Cup will receive up to $125.8m (£93.2m) in prize money. Wake up to find news on your club in your inbox every morning with Metro's Football Newsletter. Sign up to our newsletter and then select your team in the link so we can send you football news tailored to you. According to The Guardian, a number of big teams across Europe have been left 'concerned' over missing out on the Club World Cup financial boost – including Arsenal, United, Liverpool, Barcelona and AC Milan. After lobbying from teams who failed to qualify for the $1bn (£740m) tournament, FIFA will now hold a consultation about expanding the Club World Cup again to 48 teams when it next takes place in four years' time. Current Premier League champions Liverpool won't be playing at the Club World Cup in 2025 – nor will the top-flight runners-up Arsenal. The same is true for United, who just endured a horrific 2024-25 campaign but remain one of the biggest clubs in England. It's because of FIFA's qualification rules, with only 12 of the 32 spots at the Club World Cup handed to European teams. The European places were awarded based on Champions League performances between the 2020/21 and 2023/24 seasons. Under FIFA's rules, the Champions League winners from the last four seasons (2021-2024 for this Club World Cup) gain automatic qualification. That's why Chelsea and City are taking part, because they both landed the Champions League trophy in 2021 and 2023 respectively. The other eight spaces – for the teams who didn't win the Champions League in the last four seasons – were picked based on a UEFA ranking system. After this summer's Club World Cup, talks with all stakeholders about the future of the competition's structure are set to be held. More Trending Fifa's general secretary, Mattias Grafström, told The Athletic last week that options were open for the 2029 tournament. 'For the future we are very open-minded to look at formats and so on that we will discuss with the clubs and with the confederations,' he said. 'I believe strongly in the future of this competition.' MORE: Arsenal follow Chelsea in starting transfer talks for Ajax wonderkid MORE: Arsenal transfer target left out of Real Madrid's predicted XI for next season MORE: 'Be careful' – Emile Heskey warns £50m England star over Arsenal or Chelsea transfer
The National
4 hours ago
- The National
Canadian space firm unveils new Edinburgh office
PCI Geomatics, a leading firm in Earth observation, has opened its new office at the Future's Institute in the Scottish capital as it aims to become a key player in Scotland's space industry. PCI Geomatics, operating under the name Catalyst, gathers and analyses information about Earth's physical, chemical, and biological systems using remote sensing technologies and uses the data it collects to provide climate-related information. The Toronto-headquartered firm has more than 40 years of experience and joins more than 180 other companies that are already contributing to Scotland's satellite design and manufacturing industry. READ MORE: Scottish Government 'short-changed by £1bn' by Rachel Reeves, Finance Secretary says Business Minister Richard Lochhead welcomed the news as he said Scotland's space sector has grown at a 'phenomenal pace'. He said 'Scotland is well on the way to becoming a European leader in the space sector. PCI's arrival adds to Edinburgh's considerable reputation as a 'data capital' and takes us closer to our ambition to capture £4 billion of the global space market. 'The number of space-related organisations based in Scotland rose by 25% within a year, with the sector's total income increasing by 65%, demonstrating the phenomenal pace of growth and scale of opportunity before us. 'This is why the Scottish Government appointed its first ever Space Envoy, Daniel Smith, last year who is boosting Scotland's global standing and helping businesses forge strategic partnerships and identify new opportunities.' PCI said its business aligns 'strongly with Scotland's growing reputation' in space-enabled applications which includes more than 30 companies dedicated to observing and protecting Earth from space. The company is now recruiting for multiple roles in Scotland. PCI has also joined the industry body Space Scotland and participated in a recent Scottish Earth Observation showcase at the British Embassy in Denmark. President and CEO of PCI, June McAlarey, said she is excited to see the business expand into Scotland. She said: 'Scotland's rising profile in the global space economy has been unmistakable. When exploring locations to complement our Canadian headquarters, the UK quickly stood out as a strategic gateway to Europe and the Middle East. 'We now have a growing team across the UK and are excited to expand our Scottish office in the coming weeks.' Dr. Craig Brown, investment director at the UK Space Agency, also welcomed the news as he said Earth observation technology is vital to keeping the world safe. He said: 'Scotland's space sector attracts significant levels of private investment and is playing an important role in unlocking the value of space data for the wider economy. 'We welcome the presence of international companies like PCI as a key driver of innovation, expertise and creation. 'This new development supports our commitment to grow the space economy across the whole of the UK and to advance Earth observation technology, which is a vital tool for protecting our planet.'
Reuters
5 hours ago
- Reuters
China puts six-month limit on its ease of rare-earth export licenses, WSJ reports
June 11 (Reuters) - China is putting a six-month limit on rare-earth export licenses for U.S. automakers and manufacturers, The Wall Street Journal reported on Wednesday citing people familiar with the matter.
