Latest news with #ChristopherCushing
Yahoo
2 days ago
- General
- Yahoo
New pool on its way for Norfolk town after £11m scheme approved
A new swimming pool is on its way in a Norfolk town after councillors agreed plans for the £11m project. Fakenham's sports and fitness centre in Trap Lane expansion will now progress after North Norfolk District Council's development committee unanimously approved the scheme. As well as a 25m pool, other elements of the project include refurbished exercise studios, a 55-station fitness suite and new changing areas. What the new pool could look like (Image: Saunders Boston Architects) It is made possible thanks to government funding, confirmed last year by Labour, having been first proposed by the former Conservative administration. The approval of the plans will mean people living in Fakenham will again be able to swim in the town after the previous pool closed in 2014. At a meeting this week, Christopher Cushing, a Fakenham Conservative councillor, said: "News that Fakenham will get a new pool has been received enthusiastically by the majority of the town. "It is the best form of exercise." READ MORE: Flagship swimming pool project pushes up council tax Design plans have been revealed for Fakenham's swimming pool and 3G pitch (Image: Saunders Boston Architects) During the debate, councillor Angie Fitch-Tillett, also praised the project, highlighting that Norfolk had some of the highest rates of drownings last year in the country. She said: "We have more water than anywhere else. It is absolutely vital that people learn to swim." The eco-friendly elements of the project were also praised by councillor Adam Varley. "It is fantastic to see what we are doing with our future estates," he said. While there has been a huge amount of support for the pool, Fakenham's town brass band has previously complained about the project. What the new fitness suite could look like (Image: Saunders Boston Architects) The pavilion, where the band used to rehearse, will be demolished to make way for the project, which upset some members. Sports England also raised concerns that a cricket pitch will be lost through the development. But ultimately, councillors voted unanimously for the plans to go ahead. A 3G pitch will also be developed and will be able to offer an all-weather outdoor sports facility but this is subject to a separate application.
BBC News
2 days ago
- General
- BBC News
New pool will be 'huge benefit' to Fakenham
A new swimming pool will be a "huge benefit" to a town that has been without one for over a decade, a meeting was Norfolk District Council's planning committee unanimously backed an £11m improvement plan to Fakenham's leisure centre - put forward by the council Councillor Angie Fitch-Tillett said after figures showed Norfolk had the second highest number of accidental drownings last year, the pool was needed because it was "vital that people learn how to swim".The new pool will have four, 25-m (82-ft) lanes whilst a 3G all-weather artificial grass pitch will be added to site. Its changing rooms will also be authority's Liberal Democrat leader Tim Adams said construction work could start later this year and the new facilities could open in October 2026. Referring to figures from the National Water Safety Forum, which showed 9 people accidentally drowned in the county last year, Fitch-Tillett said pools were a "necessity for people learning to swim"."Don't forget, we've got more water than anywhere else. Not just the sea, but the Broads and rivers," she members of the town's brass band had opposed the plan, because it will see the demolition of the space they had used to practice the local Conservative councillor Christopher Cushing said the idea had been "received enthusiastically by the majority of residents in the town".There has been a long-running campaign for a new swimming facility since the closure of Fakenham Academy's pool in 2014. Follow Norfolk news on BBC Sounds, Facebook, Instagram and X.
Yahoo
4 days ago
- Business
- Yahoo
Morning Bid: Nvidia earnings take the spotlight
A look at the day ahead in European and global markets from Rae Wee Earnings results from Nvidia will be the marquee event for markets on Wednesday, with all eyes on how much U.S. technology curbs on China will cost the AI bellwether. Company watchers expect the chip giant to report a 66.2% surge in first-quarter revenue to $43.28 billion, however uncertainty surrounding its China business looms large even as a pullback in other regulations is set to open up new markets. As it is, traders in the options markets are bracing for industry-wide volatility after the results, with defensive options contracts on a major semiconductor ETF drawing heavy attention. Earnings aside, investors will also be watching developments in global bond markets after demand on Wednesday for Japan's 40-year government bond auction was its lowest since November, underscoring the market's diminishing capacity to absorb new debt. Long-end yields have surged worldwide in recent weeks on a heavy selloff in bonds as concern mounts over fiscal deficits, particularly in developed nations such as the U.S. and Japan. Worries over tax cuts and that the United States' chaotic tariff policy will stoke inflation and propel government spending have made investors increasingly nervous about holding long-dated sovereign debt. On Tuesday, Reuters' exclusive report that Japan is considering trimming the issuance of super-long bonds was followed by a drop in both yields and the yen. Yields on Japanese government bonds were little changed following Wednesday's auction. U.S. Treasury yields edged up slightly after falling the previous day. Over in New Zealand, the central bank cut its benchmark interest rate by 25 basis points and flagged a slightly deeper easing cycle than it forecast three months ago, underlining risk to economic growth from a sharp shift in U.S. trade policy. Key developments that could influence markets on Wednesday: * North America earnings: Nvidia, Bank of Montreal, NationalBank of Canada, DICK'S Sporting Goods, Macy's * U.S. auction of two-year floating rate, five-year notes * German auction of 15-year Federal bonds * German unemployment data for May * France Q1 GDP final reading, producer prices for April Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here. (By Rae Wee; Editing by Christopher Cushing)
Yahoo
4 days ago
- Business
- Yahoo
Morning Bid: Nvidia earnings take the spotlight
A look at the day ahead in European and global markets from Rae Wee Earnings results from Nvidia will be the marquee event for markets on Wednesday, with all eyes on how much U.S. technology curbs on China will cost the AI bellwether. Company watchers expect the chip giant to report a 66.2% surge in first-quarter revenue to $43.28 billion, however uncertainty surrounding its China business looms large even as a pullback in other regulations is set to open up new markets. As it is, traders in the options markets are bracing for industry-wide volatility after the results, with defensive options contracts on a major semiconductor ETF drawing heavy attention. Earnings aside, investors will also be watching developments in global bond markets after demand on Wednesday for Japan's 40-year government bond auction was its lowest since November, underscoring the market's diminishing capacity to absorb new debt. Long-end yields have surged worldwide in recent weeks on a heavy selloff in bonds as concern mounts over fiscal deficits, particularly in developed nations such as the U.S. and Japan. Worries over tax cuts and that the United States' chaotic tariff policy will stoke inflation and propel government spending have made investors increasingly nervous about holding long-dated sovereign debt. On Tuesday, Reuters' exclusive report that Japan is considering trimming the issuance of super-long bonds was followed by a drop in both yields and the yen. Yields on Japanese government bonds were little changed following Wednesday's auction. U.S. Treasury yields edged up slightly after falling the previous day. Over in New Zealand, the central bank cut its benchmark interest rate by 25 basis points and flagged a slightly deeper easing cycle than it forecast three months ago, underlining risk to economic growth from a sharp shift in U.S. trade policy. Key developments that could influence markets on Wednesday: * North America earnings: Nvidia, Bank of Montreal, NationalBank of Canada, DICK'S Sporting Goods, Macy's * U.S. auction of two-year floating rate, five-year notes * German auction of 15-year Federal bonds * German unemployment data for May * France Q1 GDP final reading, producer prices for April Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here. (By Rae Wee; Editing by Christopher Cushing) 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
Zawya
16-05-2025
- Business
- Zawya
Goldman Sachs raises forecast for Asian equities on easing trade tension
SINGAPORE - Goldman Sachs raised its 12-month price target for Asian equities on Friday, citing a better growth outlook and easing trade tension after the U.S. and China announced a temporary pause in tit-for-tat tariffs earlier in the week. "A more constructive tariff backdrop suggests flat returns over the coming three months rather than a drawdown, but the upside may be constrained by continuing uncertainty over where tariffs will settle," Goldman Sachs strategists said in a client note. The bank raised its price target for the MSCI's broadest index of Asia-Pacific shares outside Japan to 660 from 620. The index was last at 612.9 on Friday and is up 8% so far this year, hovering near its highest level since October. (Reporting by Ankur Banerjee in Singapore; Editing by Christopher Cushing)
