Latest news with #PatrickO'Donnell
Scottish Sun
3 days ago
- Business
- Scottish Sun
GDP slows to just 0.3% growth in second quarter – what it means for YOU
Go to the bottom of this story to find out what the latest figures mean for your wallet MONEY TALKS GDP slows to just 0.3% growth in second quarter – what it means for YOU Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE UK's economy grew in the three months to June but slowed on the first quarter of the year. The latest figures from the Office for National Statistics (ONS) reveal Gross Domestic Product (GDP) grew by 0.3% between April and June. Sign up for Scottish Sun newsletter Sign up 1 The UK economy has grown but slowed compared to the start of the year Credit: Getty This is lower than the 0.7% recorded between January and March, but stronger than expected by analysts. GDP grew in the second quarter of the year mostly due to the services and construction sectors. It's worth bearing in mind these latest quarterly figures are estimations and are open to be revised at a later date. Liz McKeown, director of economic statistics at the ONS, said: "Growth slowed in the second quarter after a strong start to the year. "The economy was weak across April and May, with some activity having been brought forward to February and March ahead of Stamp Duty and tariff changes, but then recovered strongly in June. "Across the second quarter as a whole growth was led by services, with computer programming, health and vehicle leasing growing. "Construction also increased while production fell back slightly. "Growth for the quarter was also boosted by updated source data for April, which while still showing a contraction, was better than initially estimated. "Services also drove growth in June with scientific R&D, engineering and car sales all having a strong month. "Within production, which recovered, manufacture of electronics performed especially well." Understanding GDP and Its Impact on the Economy The data today was largely expected by analysts to show the UK economy slowed to just 0.1% growth in the second quarter of 2025 after a strong start to the year. Last Thursday, the Bank of England forecast second-quarter UK GDP growth of 0.1%, slowed from 0.7% in the first quarter. Figures have already shown that GDP contracted by 0.3% in April and 0.1% in May. Plus, figures on Tuesday showed the UK jobs market weakened again, but overall wage growth remains strong, prompting traders to trim their bets on the possibility of another Bank of England rate cut this year. Separate figures published by the ONS today showed GDP grew by 0.4% in June. Patrick O'Donnell, chief investment strategist at Omnis Investments, said: "It appears that the economy is weathering any uncertainty associated with tariffs and tax policy for now. "The probability of a further cut from the BoE by the end of the year has reduced somewhat following their recent guidance and labour market data. "The next signpost for the market will be next week's inflation report, where particular focus will be paid to the services component, given the historical correlation with wage inflation. "We still expect a further cut from the BoE this year and the cycle to continue into 2026 but appreciate that there will be market volatility as data evolves between now and then." What it means for your money GDP measures the economic output of companies, individuals and Governments. If it is rising steadily, but not too much, it's a sign of a healthy and prosperous economy. This is because it usually means people are spending more, the Government gets more tax and businesses get more money which then means pay rises for workers. When GDP is falling, it means the economy is shrinking which can be bad news for businesses and workers who face pay cuts or even losing their job. The Bank of England (BoE) also uses GDP and inflation as key indicators when determining the base rate. This decides how much it will charge banks to lend them money and is a way to try to control inflation and the economy. If GDP is low, the BoE cuts its base rate in order to encourage people to spend and invest money. If it is higher, the BoE may keep its base rate higher in order to keep inflation in check. What is the base rate and how does it affect the economy? NINE members of the Bank of England's Monetary Policy Committee meet eight times each year to set the base rate. Any change to the Bank's rate can have wide-reaching consequences as it directly influences both: The cost that lenders charge people to borrow money The amount of savings interest banks pay out to customers. When the Bank of England lowers interest rates, consumers tend to increase spending. This can directly affect the country's GDP and help steer the economy into growth and out of a recession. In this scenario, the cost of borrowing is usually cheap, and the biggest winners here are first-time buyers and homeowners with mortgages. But those with savings tend to lose out. However, when more credit is available to consumers, demand can increase, and prices tend to rise. And if the inflation rate rises substantially - the Bank of England might increase interest rates to bring prices back down. When the cost of borrowing rises - consumers and businesses have less money to spend, and in theory, as demand for goods and services falls, so should prices. The Bank of England is tasked with keeping inflation at 2%, and hiking interest rates is a way of trying to reach this target. In this scenario, the losers are those with debt. First-time buyers will lose out to cheaper mortgage rates, and those on tracker or standard variable rate mortgages are usually impacted by hikes to the base rate immediately. Those on a fixed-rate deal tend to be safe if they fixed when interest rates were lower - but their bills could drastically increase when it's time to remortgage. The cost of borrowing through loans, credit cards and overdrafts also increases when the base rate rises. However, the winners in this scenario are those with money to save. Banks tend to battle it out by offering market-leading saving rates when the base rate is high. Do you have a money problem that needs sorting? Get in touch by emailing money-sm@ Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories
Irish Independent
07-08-2025
- Entertainment
- Irish Independent
Funeral of musician Jock McDonald who died in ‘sea incident' to be held in Donegal
Patrick O'Donnell, also known as Jock McDonald, was the founder and singer of The Bollock Brothers. Patrick passed away following a 'sea incident' in Bundoran on Saturday, July 26, 2025. Emergency services were called to Bundoran after they were alerted to a man in the water at around 5.20pm. RNLI removed the 69-year-old from the water and he was taken to Sligo University Hospital in a serious condition, where he was later pronounced deceased. Patrick was born in Glenties and raised in Rosbeg, Co Donegal before moving to Scotland. His remains will repose at Shovlins Funeral Home Sandfield, Ardara, Donegal on Friday afternoon, August 8, from 3.30pm to 4.45pm followed by removal to St Conals Church Kilclooney travelling via Rosbeg,Portnoo arriving at 6pm. Funeral Mass will take place at 11am on Saturday morning, August 9 with burial afterwards in the adjoining cemetery. Patrick's Funeral Mass will be livestreamed on Shovlin's Funeral Home Facebook page All are welcome to join the family for refreshments afterwards at The Tavern, Portnoo, Kilclooney. Patrick is survived by his daughter Maria Devlin, sons Kilien O'Donnell and Benjamin Godhusen, brothers Gerry and Martin O'Donnell, and by his extended family, friends, and the wider music community. ADVERTISEMENT He is predeceased by his beloved mother Sarah O'Donnell (née Johnson) of Rosbeg and his father Patrick O'Donnell. Since the news of his passing emerged, tributes have been posted online with the musician being remembered as a 'legend', and a 'one of a kind talent'. Patrick, who also worked as a promoter, DJ and manager, founded The Bollock Brothers in 1979. During their lengthy career, the band released nine studio albums as well as other EPs, singles, live releases and compilations. The band remained active and had planned to tour Germany and Belgium in August 2025. The band is best known for their hits Faith healer, Harley David (Son of a B***h)', Horror Movies, The Bunker, The Legend of the Snake and The Slow Removal of the Left Ear of Vincent van Gogh.
Yahoo
10-06-2025
- Business
- Yahoo
NanoHive Medical Sublicenses DirectSync's Piezoelectric Patents to Explore Development of Hive™ Soft Titanium® 3D Printed Spine Interbody Fusion "Smart Implant"
BOSTON, June 10, 2025 /PRNewswire/ -- NanoHive Medical, LLC, a leading innovative 3D printed spinal implant technology company is pleased to announce that the company has secured the exclusive sublicense of DirectSync Surgical's piezoelectric implantable sensor technology for the field of spinal fusion. DirectSync Surgical had licensed the technology from the University of Kansas. NanoHive is exploring the advancement of successful proof-of-concept research to potentially develop bone stimulating and remote monitoring/data collection sensor technology housed in the company's highly innovative spinal interbody fusion device lattice which is currently commercialized in the company's Hive™ Soft Titanium® portfolio of 3D printed spinal interbody fusion devices. In October 2023, the company reported the initiation of a research collaboration with DirectSync Surgical. Based on the preliminary research generated, the company ascertained that their proprietary rhombic dodecahedron lattice technology was uniquely capable of transferring significant energy from the encapsulated piezoelectric sensor. The company is currently in the process of working with the US Food and Drug Administration (FDA) on the transfer of the Breakthrough Device Designation from DirectSync to NanoHive. Patrick O'Donnell, President & CEO of NanoHive stated, "NanoHive's Soft Titanium® technology is the ideal interbody fusion implant to deliver a sensor with data collection and bone stimulation capability. The company is excited about the prospect of leading the way with the development of a technological leap in the interbody fusion device category. Our view of the future of innovation in spine devices emphasizes that new technologies must demonstrate an improvement to patient virtual care and clinical outcomes as well as connectivity with enabling surgical technologies and artificial intelligence. These advancements must also deliver cost-efficiencies to the various stakeholders involved in the spine patient's episode-of-care. More meaningful and frequent data collection that can ultimately be utilized as a predictive tool will be essential to this vision." About NanoHive Medical LLC NanoHive Medical is a pioneer and leading innovator in 3D printed spinal interbody fusion implants and instrumentation. The company's proprietary, biomimetic Soft Titanium® technology clearly distinguishes their products in the $2.4B U.S. spinal interbody fusion device market. The Hive™ portfolio of interbody fusion devices provide surgeons and their patients ideal biomechanical elastic modulus properties, clear and precise diagnostic imaging capability, osteoblast cell attraction and integration – all features that lead to consistently strong fusion constructs and efficacious clinical experiences. NanoHive Medical is based in Woburn, Massachusetts U.S.A. Contact: Patrick O'Donnell, CEO & President, NanoHive Medical LLC, Website: About DirectSync Surgical DirectSync Surgical is a rising leader in smart patient powered implant devices. With a commitment to innovation and foundational research, the company develops and manufactures advanced tools that empower both spinal and orthopedic professionals to achieve superior surgical outcomes. DirectSync Surgical's products are not available for sale in the US. Contact: Leighton LaPierre, COO, DirectSync Surgical, leighton@ Website: NanoHive Medical, LLC | 12 Gill Street, Suite 4500 | Woburn, MA 01801 | 844-943-5433 View original content to download multimedia: SOURCE NanoHive Medical 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
Yahoo
10-06-2025
- Business
- Yahoo
NanoHive Medical Sublicenses DirectSync's Piezoelectric Patents to Explore Development of Hive™ Soft Titanium® 3D Printed Spine Interbody Fusion "Smart Implant"
BOSTON, June 10, 2025 /PRNewswire/ -- NanoHive Medical, LLC, a leading innovative 3D printed spinal implant technology company is pleased to announce that the company has secured the exclusive sublicense of DirectSync Surgical's piezoelectric implantable sensor technology for the field of spinal fusion. DirectSync Surgical had licensed the technology from the University of Kansas. NanoHive is exploring the advancement of successful proof-of-concept research to potentially develop bone stimulating and remote monitoring/data collection sensor technology housed in the company's highly innovative spinal interbody fusion device lattice which is currently commercialized in the company's Hive™ Soft Titanium® portfolio of 3D printed spinal interbody fusion devices. In October 2023, the company reported the initiation of a research collaboration with DirectSync Surgical. Based on the preliminary research generated, the company ascertained that their proprietary rhombic dodecahedron lattice technology was uniquely capable of transferring significant energy from the encapsulated piezoelectric sensor. The company is currently in the process of working with the US Food and Drug Administration (FDA) on the transfer of the Breakthrough Device Designation from DirectSync to NanoHive. Patrick O'Donnell, President & CEO of NanoHive stated, "NanoHive's Soft Titanium® technology is the ideal interbody fusion implant to deliver a sensor with data collection and bone stimulation capability. The company is excited about the prospect of leading the way with the development of a technological leap in the interbody fusion device category. Our view of the future of innovation in spine devices emphasizes that new technologies must demonstrate an improvement to patient virtual care and clinical outcomes as well as connectivity with enabling surgical technologies and artificial intelligence. These advancements must also deliver cost-efficiencies to the various stakeholders involved in the spine patient's episode-of-care. More meaningful and frequent data collection that can ultimately be utilized as a predictive tool will be essential to this vision." About NanoHive Medical LLC NanoHive Medical is a pioneer and leading innovator in 3D printed spinal interbody fusion implants and instrumentation. The company's proprietary, biomimetic Soft Titanium® technology clearly distinguishes their products in the $2.4B U.S. spinal interbody fusion device market. The Hive™ portfolio of interbody fusion devices provide surgeons and their patients ideal biomechanical elastic modulus properties, clear and precise diagnostic imaging capability, osteoblast cell attraction and integration – all features that lead to consistently strong fusion constructs and efficacious clinical experiences. NanoHive Medical is based in Woburn, Massachusetts U.S.A. Contact: Patrick O'Donnell, CEO & President, NanoHive Medical LLC, Website: About DirectSync Surgical DirectSync Surgical is a rising leader in smart patient powered implant devices. With a commitment to innovation and foundational research, the company develops and manufactures advanced tools that empower both spinal and orthopedic professionals to achieve superior surgical outcomes. DirectSync Surgical's products are not available for sale in the US. Contact: Leighton LaPierre, COO, DirectSync Surgical, leighton@ Website: NanoHive Medical, LLC | 12 Gill Street, Suite 4500 | Woburn, MA 01801 | 844-943-5433 View original content to download multimedia: SOURCE NanoHive Medical 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
Los Angeles Times
10-04-2025
- Entertainment
- Los Angeles Times
Obituary: Former Daily Pilot photographer O'Donnell kept focus trained on life in O.C.
Patrick O'Donnell had a knack for being in the right place at the right time — a talent that served the photographer and former Daily Pilot staffer well throughout six decades of capturing scenes from a burgeoning Orange County. Working his vast professional networks with aplomb, the seasoned lensman notably photographed a string of American presidents, from Lyndon B. Johnson to Joe Biden, and snapped pics of Margaret Thatcher, Groucho Marx and Buzz Aldrin during visits to local groundbreakings, fundraisers and speaking events. Highlights from that extraordinary career were fastidiously documented by the Fountain Valley photographer and Peggy O'Donnell, his longtime business partner and wife of 57 years, in the 2024 book, 'What Do 11 U.S. Presidents, the Dalai Lama and Whoopi Have in Common?' Peggy O'Donnell recalled how, even after retiring from the biz, her intrepid husband was still avidly shooting photos during a visit to see his son's family in Northern California last November. 'It was raining on a Friday night. We went to a football game, and he's out taking photos of his son, who's a high school teacher and runs the photo department,' she recalled. 'That whole weekend Pat was shooting photos. He couldn't stop himself.' Those prized shots would be among his last. After receiving a cancer diagnosis in December, Patrick O'Donnell died peacefully in his Fountain Valley home on March 27. He was 83. 'He had no pain, he just slipped away quietly,' his wife said Wednesday. Born on May 22, 1941 in Nebraska, Patrick O'Donnell moved with his parents to Whittier when he was 8 years old. He attended public school and was a sophomore at Whittier High School when he landed in the class of a photography teacher who would inspire a lifelong career. 'I caught the photo bug in that first semester of my sophomore year from Ernie Hemmerling, a master teacher who taught photography there for many years,' O'Donnell recalled in his memoir. Two years later, he won a state-level Kodak High School Sweepstakes Award for a black and white photo showing the family dog, Sandy, peering through the slightly open front gate of his home. He titled it, 'Left Behind.' At 17, O'Donnell had saved up enough money to purchase a 4x5 Speed Graphic press camera and built his own darkroom. By the time he began taking classes at Cerritos College, he was shooting sports games and working on the weekly student paper, Talon Marks, O'Donnell reflects in his memoir. He went on to earn a bachelor's degree from Cal State Long Beach, before serving as a sergeant in the U.S. Air Force Reserve, based at Riverside's March Air Force Base from 1965 to 1971. While on active duty, he worked for the base's newspaper and chronicled missions to Southeast Asia, Europe and Alaska. Hired at the Orange Coast Daily Pilot in 1968, O'Donnell spent the next 15 years working on call, awaiting breaking news from Seal Beach to San Clemente and capturing images of John Wayne and Richard Nixon in their Orange County residences. After the Times Mirror Co. sold The Pilot to another publication, O'Donnell took a full-time faculty position at Cal State Fullerton, later becoming a photographer for the university. In that capacity, he documented two trips the Titans took to the White House after winning the College World Series championship, snapping pics of then-presidents Bill Clinton and George W. Bush. Concurrent with occasional stints at the East Whittier Review and Whittier Daily News, the photographer launched a freelance photography business with Peggy and taught photo journalism classes at Orange Coast and Rio Hondo colleges and Cal State Dominguez Hills. Together, the husband-and-wife duo shot the Orange County Fair from 1988 to 2009, keeping pace with technological advances in photography over the decades, even converting a home darkroom back to a bedroom when digital cameras became king. His numerous connections to area colleges and organizations gave O'Donnell many high-profile photo opportunities, though he was hardly a paparazzo, his wife says. His work drew praise from the Associated Press, California Press Photographers Assn. and Orange County Press Club, the last of which honored him with a Sky Dunlap Award for outstanding lifetime achievement and community service. 'He was always in the right place at the right time,' Peggy said, describing her husband's can-do attitude. 'You'd meet someone involved with one thing, and they'd suddenly say, 'Can you do this?' and you never say no. If you're in business for yourself, you always say, 'Of course I can do that — it doesn't matter what it is.' O'Donnell is survived by his wife, Peggy, and sons Ryan and Steven (a third son, Kevin, died in 2000), daughters-in-law Andrea and Maggie and grandchildren Alex, Rachel, Mikey and Shane. A private memorial service for friends and family is planned for May 3.
