Latest news with #Gammon
Business Wire
10-07-2025
- Business
- Business Wire
Censys Co-founder Zakir Durumeric and Seasoned Investor David Gammon Join ZeroRISC's Board of Directors
BOSTON--(BUSINESS WIRE)-- Z eroRISC, the leading open-source silicon supply chain integrity solution, today announced the appointment of Zakir Durumeric, Stanford Professor and Censys Founder, and David Gammon, CEO & founder of Rockspring, to its Board of Directors. Durumeric and Gammon's strategic additions to the Board immediately follows the news of ZeroRISC's recent $10 million seed funding. ZeroRISC, the leading open-source silicon supply chain integrity solution, today announced the appointment of Zakir Durumeric, Stanford Professor and Censys Founder, and David Gammon, CEO & founder of Rockspring, to its Board of Directors. Share 'ZeroRISC believes open and transparent secure silicon is key to protecting the integrity of the supply chain,' said Dominic Rizzo, CEO and Founder of ZeroRISC. 'We built the technology to make that possible, and Zakir and David bring the kind of deep expertise that will help us scale our vision. Their contributions will be invaluable as we expand access to production-grade, secure silicon designs, and the software and services that make it useful, serving everything from IoT devices to data centers.' Durumeric's extensive technical knowledge in Internet Security as a professor of Computer Science at Stanford University, along with his influential role at Censys, positions him as a key advisor for ZeroRISC's strategic direction. Under his leadership, Censys evolved from a research project into the leading Internet intelligence platform for threat hunting and exposure management, securing a recent $75 million funding round and solidifying its leadership position as the de facto source of Internet intelligence data. 'Our critical infrastructure is increasingly under attack, and we lack solutions for ensuring the integrity of these devices. ZeroRISC is poised to redefine how we think about security by introducing a transparent and trustworthy foundation that can be used to secure devices from the foundation up,' said Durumeric. 'The potential for ZeroRISC is boundless, and I am honored to contribute to the team's journey, guiding the company through its next phase of growth.' Gammon joins ZeroRISC's board subsequent to ZeroRISC's $10 million seed funding round, bringing over two decades of investing in and advising innovative early-stage companies as the CEO & founder of Rockspring, a UK-based family office. Gammon was a non-executive director of DeepMind Technologies from its inception before its acquisition by Google and is on the board of Raspberry Pi plc. Prior to founding Rockspring, Gammon was an investment banker for two decades. Gammon's seasoned investment experience will help lead ZeroRISC through its next growth phase. 'ZeroRISC is bringing to market the much-needed potential of providing electronic device owners with vendor-independent integrity for all their connected devices, especially in manufacturing and critical infrastructure where the lifecycles are long and the stakes are high,' said Gammon. 'I am excited to join ZeroRISC and provide strategic guidance through its next stage of growth and commercialization.' Since its founding in April 2023, ZeroRISC has been committed to the open-source development of production-quality OpenTitan-based discrete, secure chips and secure silicon subsystems, designed for seamless integration into third-party systems on a chip (SoCs) and chiplets. Durumeric and Gammon's appointment not only reaffirms this commitment but also emphasizes ZeroRISC's mission to create a new paradigm of secure-by-default, transparent, and verifiable hardware for all. To learn how you can make your mark on the future of foundational open-source silicon security, visit: About ZeroRISC ZeroRISC is expanding security by empowering device owners and operators in crucial sectors like silicon production, IoT, and critical infrastructure with full device ownership, control, and visibility. With transparent and trustworthy OpenTitan-enabled designs, ZeroRISC's Integrity Management Platform affords customers the power to separate device security from place of manufacture by forging immutable trust of hardware by software. Headquartered in Boston, MA, ZeroRISC was founded by Dominic Rizzo, the OpenTitan project founder. The company is a leading project contributor, driving the commercialization of open-source silicon designs and device management software. For more information, visit
ME Construction
08-07-2025
- Business
- ME Construction
Balfour Beatty JV lands US $192mn residential contract in Hong Kong
Construction Balfour Beatty JV lands US $192mn residential contract in Hong Kong By To reduce waste, Gammon will recycle demolition waste on-site and utilise an electric-powered battery storage system called Enertainer as its primary power source for construction machinery Balfour Beatty's southeast Asian subsidiary, Gammon, has secured a US $192mn contract to build a residential development in Hong Kong. The Top Oasis consortium contracted Gammon to build the 33-storey residential tower, which will provide 792 apartments above the city's existing MTR metro line. During construction, Gammon will adopt Design for Manufacture and Assembly methods, fabricating individual structural steel components offsite. This approach aims to ensure the project's safe and efficient delivery. To reduce waste, Gammon will also recycle demolition waste on-site. Additionally, the JV will utilise an electric-powered battery storage system called Enertainer as its primary power source for construction machinery. This approach will minimise the need for diesel generators on-site and reduce carbon emissions, Gammon explained. The project, which is already in progress, is expected to be completed later in 2025. At its peak, the project will employ 500 people. Gammon Chief Executive Kevin O'Brien expressed excitement about the deal, which was secured with the Sino Land and CSI Properties consortium. 'We look forward to sharing our expertise and experience to implement customer-focused solutions that will allow the works to continue to the highest standards of safety, while also bringing our modern and sustainable method of construction,' said O'Brien. In June, Gammon secured two projects in Hong Kong, one involved the construction of a 25-storey college tower, while the other involved the construction of five residential towers. The projects had a combined value of with a combined value of $865mn.
Leader Live
03-07-2025
- Business
- Leader Live
Home buyer mortgage demand expected by lenders to soften over summer months
Lenders reported that demand for mortgages for house purchase had increased in the past few months. But demand is expected to decrease over the three months to the end of August. Re-mortgaging demand also increased in the past few months and was expected to increase in the next few months. The Bank of England's Credit Conditions Survey is carried out each quarter, as part of its role in maintaining financial stability. The report reflects the overall views of the banks and building societies surveyed, and does not necessarily reflect the Bank of England's own views. Lenders were surveyed between May 27 and June 13 for the latest report. They were asked to report changes in the three months to the end of May, relative to the period between December and February, and expected changes in the three months to August. Any impact from more recent developments is not captured in the survey. Home buying costs became more expensive for some buyers from April, as stamp duty discounts became less generous. Stamp duty applies in England and Northern Ireland. Recent HM Revenue and Customs (HMRC) figures have shown that house sales picked up in May, following a plunge in April as the stamp duty holiday ended. HMRC's report said sales were likely brought forward into March to take advantage of the higher stamp duty thresholds. Simon Gammon, managing partner, Knight Frank Finance, said: 'Lenders expect demand for home purchase mortgages to soften through the summer – a seasonal trend, but also a reflection of where mortgage rates were when the survey was taken in late May and early June. 'At that point, the best fixed-rate pricing had plateaued just below 4%, and with swap rates edging higher due to hotter-than-expected inflation data, there appeared little scope for further easing. 'That picture has shifted. We're now seeing signs of a weakening labour market, and the Bank of England's tone has changed – there's more focus on downside risks to growth than inflation.' He said that had helped to drive mortgage rate cuts by major lenders over the past 10 days 'often by as much as 0.2 percentage points'. Mr Gammon added: 'While further reductions will be marginal, this could support mortgage activity over the summer and tee up a much busier autumn. 'The remortgaging market remains more robust.' The Bank of England report also said that mortgage availability is expected to increase over the three months to end of August. The availability of non-mortgage credit to households is also expected to increase. Lenders reported that the length of interest-free periods on credit cards for balance transfers and for purchases both increased in the past three months, and were expected to be unchanged in the next few months. Demand for corporate lending from small and medium-sized businesses had slightly increased in the past few months, while demand from big firms had been unchanged. Banks and building societies said demand for corporate lending in the next three months was expected to increase slightly for small and big business, but was expected to be unchanged for medium-sized businesses. Lenders reported that default rates on mortgage loans to households were unchanged in the past few months, and were expected to remain unchanged in the next few months. Defaults for credit cards and other household loans were also expected to be unchanged in the next few months. Lenders said default rates on loans to businesses were unchanged for small, medium and large businesses in the past few months and were expected to remain unchanged in the next few months. Overall credit availability to the corporate sector is expected to slightly increase in the next few months. Karim Haji, global and UK head of financial services at KPMG, said households are adjusting to 'ongoing cost pressures'. He said the stability in default rates 'reflects a degree of resilience'. Mr Haji added: 'As we move into the second half of the year, cautious optimism is warranted but lenders must remain alert to changes in affordability and borrower behaviour.'
South Wales Guardian
03-07-2025
- Business
- South Wales Guardian
Home buyer mortgage demand expected by lenders to soften over summer months
Lenders reported that demand for mortgages for house purchase had increased in the past few months. But demand is expected to decrease over the three months to the end of August. Re-mortgaging demand also increased in the past few months and was expected to increase in the next few months. The Bank of England's Credit Conditions Survey is carried out each quarter, as part of its role in maintaining financial stability. The report reflects the overall views of the banks and building societies surveyed, and does not necessarily reflect the Bank of England's own views. Lenders were surveyed between May 27 and June 13 for the latest report. They were asked to report changes in the three months to the end of May, relative to the period between December and February, and expected changes in the three months to August. Any impact from more recent developments is not captured in the survey. Home buying costs became more expensive for some buyers from April, as stamp duty discounts became less generous. Stamp duty applies in England and Northern Ireland. Recent HM Revenue and Customs (HMRC) figures have shown that house sales picked up in May, following a plunge in April as the stamp duty holiday ended. HMRC's report said sales were likely brought forward into March to take advantage of the higher stamp duty thresholds. Simon Gammon, managing partner, Knight Frank Finance, said: 'Lenders expect demand for home purchase mortgages to soften through the summer – a seasonal trend, but also a reflection of where mortgage rates were when the survey was taken in late May and early June. 'At that point, the best fixed-rate pricing had plateaued just below 4%, and with swap rates edging higher due to hotter-than-expected inflation data, there appeared little scope for further easing. 'That picture has shifted. We're now seeing signs of a weakening labour market, and the Bank of England's tone has changed – there's more focus on downside risks to growth than inflation.' He said that had helped to drive mortgage rate cuts by major lenders over the past 10 days 'often by as much as 0.2 percentage points'. Mr Gammon added: 'While further reductions will be marginal, this could support mortgage activity over the summer and tee up a much busier autumn. 'The remortgaging market remains more robust.' The Bank of England report also said that mortgage availability is expected to increase over the three months to end of August. The availability of non-mortgage credit to households is also expected to increase. Lenders reported that the length of interest-free periods on credit cards for balance transfers and for purchases both increased in the past three months, and were expected to be unchanged in the next few months. Demand for corporate lending from small and medium-sized businesses had slightly increased in the past few months, while demand from big firms had been unchanged. Banks and building societies said demand for corporate lending in the next three months was expected to increase slightly for small and big business, but was expected to be unchanged for medium-sized businesses. Lenders reported that default rates on mortgage loans to households were unchanged in the past few months, and were expected to remain unchanged in the next few months. Defaults for credit cards and other household loans were also expected to be unchanged in the next few months. Lenders said default rates on loans to businesses were unchanged for small, medium and large businesses in the past few months and were expected to remain unchanged in the next few months. Overall credit availability to the corporate sector is expected to slightly increase in the next few months. Karim Haji, global and UK head of financial services at KPMG, said households are adjusting to 'ongoing cost pressures'. He said the stability in default rates 'reflects a degree of resilience'. Mr Haji added: 'As we move into the second half of the year, cautious optimism is warranted but lenders must remain alert to changes in affordability and borrower behaviour.'
Rhyl Journal
03-07-2025
- Business
- Rhyl Journal
Home buyer mortgage demand expected by lenders to soften over summer months
Lenders reported that demand for mortgages for house purchase had increased in the past few months. But demand is expected to decrease over the three months to the end of August. Re-mortgaging demand also increased in the past few months and was expected to increase in the next few months. The Bank of England's Credit Conditions Survey is carried out each quarter, as part of its role in maintaining financial stability. The report reflects the overall views of the banks and building societies surveyed, and does not necessarily reflect the Bank of England's own views. Lenders were surveyed between May 27 and June 13 for the latest report. They were asked to report changes in the three months to the end of May, relative to the period between December and February, and expected changes in the three months to August. Any impact from more recent developments is not captured in the survey. Home buying costs became more expensive for some buyers from April, as stamp duty discounts became less generous. Stamp duty applies in England and Northern Ireland. Recent HM Revenue and Customs (HMRC) figures have shown that house sales picked up in May, following a plunge in April as the stamp duty holiday ended. HMRC's report said sales were likely brought forward into March to take advantage of the higher stamp duty thresholds. Simon Gammon, managing partner, Knight Frank Finance, said: 'Lenders expect demand for home purchase mortgages to soften through the summer – a seasonal trend, but also a reflection of where mortgage rates were when the survey was taken in late May and early June. 'At that point, the best fixed-rate pricing had plateaued just below 4%, and with swap rates edging higher due to hotter-than-expected inflation data, there appeared little scope for further easing. 'That picture has shifted. We're now seeing signs of a weakening labour market, and the Bank of England's tone has changed – there's more focus on downside risks to growth than inflation.' He said that had helped to drive mortgage rate cuts by major lenders over the past 10 days 'often by as much as 0.2 percentage points'. Mr Gammon added: 'While further reductions will be marginal, this could support mortgage activity over the summer and tee up a much busier autumn. 'The remortgaging market remains more robust.' The Bank of England report also said that mortgage availability is expected to increase over the three months to end of August. The availability of non-mortgage credit to households is also expected to increase. Lenders reported that the length of interest-free periods on credit cards for balance transfers and for purchases both increased in the past three months, and were expected to be unchanged in the next few months. Demand for corporate lending from small and medium-sized businesses had slightly increased in the past few months, while demand from big firms had been unchanged. Banks and building societies said demand for corporate lending in the next three months was expected to increase slightly for small and big business, but was expected to be unchanged for medium-sized businesses. Lenders reported that default rates on mortgage loans to households were unchanged in the past few months, and were expected to remain unchanged in the next few months. Defaults for credit cards and other household loans were also expected to be unchanged in the next few months. Lenders said default rates on loans to businesses were unchanged for small, medium and large businesses in the past few months and were expected to remain unchanged in the next few months. Overall credit availability to the corporate sector is expected to slightly increase in the next few months. Karim Haji, global and UK head of financial services at KPMG, said households are adjusting to 'ongoing cost pressures'. He said the stability in default rates 'reflects a degree of resilience'. Mr Haji added: 'As we move into the second half of the year, cautious optimism is warranted but lenders must remain alert to changes in affordability and borrower behaviour.'
