Latest news with #TomCross
BBC News
2 days ago
- BBC News
Walsall property partially shut by police over drugs and disorder
Resident's concerns over drug use and disorder at a house in Walsall has led to a ban for Midlands Police said they applied for a partial closure order at the property in Montgomery Road, Bentley, after getting reports from the public of persistent anti-social order makes it a criminal offence for anyone, other than those specified, to enter the Tom Cross, from the Walsall Serious Organised Crime and Exploitation Team said: "This property was causing real upset for a lot of people in the community." The force said it had worked with a local housing association to take action and the order was granted on 5 August at Walsall Magistrates' Cross added: "We just hope this order will now improve the quality of life for residents in the community who had been so badly affected by anti-social behaviour which was originating from the property."Sarah Clarke, director of housing and customer service at housing association whg, said their community safety team had worked closely with the police."This is a positive outcome for the residents of Montgomery Road, bringing an end to the persistent anti-social behaviour that has impacted this community," she added. Follow BBC Birmingham on BBC Sounds, Facebook, X and Instagram.
The Herald Scotland
17-07-2025
- Business
- The Herald Scotland
Brodies chief declares firm embracing AI with 'open arms'
He told The Herald: 'The rise of generative AI is an opportunity for the legal sector, and having tech that will help free up our colleagues to focus even more on our clients is something that we welcome with open arms. 'The firm has already assessed and adopted new ways of working that involve the latest technology, including use cases established through immersive AI labs that our innovation and technology team, together with teams of lawyers, worked on last year. 'When appropriate, AI tools can be used in tandem with lawyers to review and summarise information. Our evaluation will continue as new and improved products come to market but we also see people as being key to unlocking more use cases. The challenge lies in identifying and using AI in a way that creates efficiencies, freeing up lawyers to do the parts where clients require and benefit from human judgement, insight and interaction.' 'Confusion and uncertainty': Scotch whisky rocked by global upheaval Energy chief's price pledge as £300m Glasgow district heating scheme takes shape Edinburgh firm outguns forecasts after snubbing £1bn takeover approach 'Deeply concerning': More Scots firms plan to shut than expand Mr Goldie's comments came as Brodies booked a 15th consecutive year of growth. Brodies reported this week that its turnover had increased by 11% to £126.7 million in the year ended April 30, lifting operating profits above £50m, against a backdrop of domestic and global headwinds. The firm said it had seen growth across all of its core practice areas over the period, and highlighted its work on a number of major corporate deals. These included acting for Parkmead Group, the energy firm built by North Sea veteran Tom Cross, on the sale of its UK oil assets to Serica Energy, and for Three60 Energy on its acquisition of the entire issued share capital of Samphire Subsea Limited. Mr Goldie told The Herald the firm had seen an increase in appetite for corporate deal-making in Scotland, despite the volatile backdrop. He said: 'There have been fluctuations in the flow of UK and international deals, with some volatility in the investment and M&A (mergers and acquisitions) markets generally, largely attributable to macroeconomic and geopolitical issues. 'However, with interest rates and inflation in the UK having largely stabilised, that degree of increased certainty in the market is feeding an appetite for deals in many key sectors across the Scottish market. From our clients we're seeing those movements particularly evident in, for example, the energy, technology and business services sectors.'
The Herald Scotland
02-05-2025
- Business
- The Herald Scotland
Scottish oil & gas group Parkmead closes £134 million sale
Two contingent payments are linked to Parkmead's 50% stakes in Skerryvore and Fynn Beauly, and are payable upon receipt by Serica of approval by the North Sea Transition Authority for any field development plans relating to those projects. This will be calculated at £0.8/bbl of reserves, up to a cap of £30m in relation to Skerryvore and £90m in relation to Fynn Beauly. Read more: "I am delighted to announce the completion of the sale of Parkmead (E&P) Limited, which at the point of sale contained our UK offshore licences," executive chairman Tom Cross said. "The group has received an excellent immediate cash payment for the disposal of this subsidiary, with further firm cash payments due over the next two years. "We also retain a very attractive share of the upside should the significant projects at Skerryvore and Fynn Beauly proceed to development." Mr Cross, who is well-known for building and then selling Dana Petroleum to the Korea National Oil Corporation for £1.6 billion, first announced last year that Parkmead was in discussions to sell its North Sea oil assets. The company has retained its Dutch gas assets, and is also involved in wind generation with its Kempstone Hill farm in Aberdeenshire. "Parkmead is in a strong position and remains focused on maximising value from its onshore natural gas and renewable energy projects, in addition to unlocking attractive acquisition opportunities," Mr Cross added. "Our management team is excited to deliver the next phase of the group's growth plans in renewable energies, natural gas and international E&P."
