Latest news with #York-based
The National
2 days ago
- Business
- The National
Plans for 550-megawatt AI centre with 2000 jobs at ex-Ravenscraig steelworks
Developers hope the proposals will bring thousands of new jobs and billions of pounds of inward investment to the area. Edinburgh and York-based renewable energy developer Apatura has proposed to develop a major data centre with battery energy storage on 160 acres at the post-industrial site, located in central Scotland, less than 20km east of Glasgow. It will be powered by 550 megawatts of grid connections due to come online by 2030. READ MORE: Will the BBC televise Kneecap's Glastonbury performance? How to watch Ravenscraig is one of five sites Apatura is progressing across Scotland's central belt. The developer has said it would be a "green AI data centre," using constrained wind and solar generation that's "often wasted on windy, sunny days". The Ravenscraig Steelworks closed in 1992, and is now one of Europe's largest brownfield regeneration and community creation initiatives. Apatura is working closely with North Lanarkshire Council and site owners Ravenscraig Ltd to advance the proposal. It is estimated the project will cost £3.9 billion to build and an independent socio-economic study calculated that the centre would contribute an additional 0.4% to Scotland's annual GDP once operational, with construction activity delivering a one-off £1.2bn GVA (gross value added) boost, supporting over 16,000 job years across Scotland. The ongoing annual GVA contribution is estimated at £729 million, supporting 2399 long-term jobs (direct, indirect, and induced). Commenting on the bid, Apatura CEO Giles Hanglin said: 'This proposal plays strongly to Scotland's strengths – in green energy, in AI, in education and in skills – and would complement the country's significant capabilities in big data and research. 'We've secured the land and grid, and we're already working closely with relevant organisations locally and nationally to make sure the benefits are widely felt. 'If we were selected as an AI Growth Zone it would be a significant endorsement of our ambition to make Scotland a powerhouse of green, AI-enabled digital infrastructure – starting with Ravenscraig and extending across the central belt.' Russell Wilkie, director of Ravenscraig, said: "This is an exciting opportunity for Ravenscraig to be at the forefront of green data centres which will transform Scotland's renewable power capabilities. With grid connections in place, land secured, and a delivery team aligned, we have a fully viable site within the Ravenscraig masterplan to meet the UK's AI infrastructure needs. 'This multi-billion pound investment project is a platform for national progress, combining energy, digital infrastructure, and regional innovation to create tangible economic and social benefits for Scotland and for the wider UK economy,' Wilkie said. Development is also earmarked for the site to the east of the Wishaw Deviation freight railway line, and the remaining vacant employment land, known as SevenFourEight. Strategically positioned within the Ravenscraig masterplan and with direct access to both the M74 and M8 motorways, SevenFourEight is a key industrial and business centre in Scotland's central belt. Ravenscraig has secured support from North Lanarkshire Council over the years, including a new £74 million access road being delivered by the council.
Fashion Network
18-06-2025
- Business
- Fashion Network
Authentic names new global marketplaces head from Amazon
Major global brand development and licensing platform Authentic Brands Group has announced the appointment of Tim Derner as global head, marketplaces. The new York-based executive steps into he role with immediate effect and joins Authentic after more than a decade of leadership experience at Amazon. He was most recently director of Amazon Fashion and Luxury Stores and we're told that during his tenure, he 'played a pivotal role in transforming Amazon Fashion into the world's largest fashion retailer'. And he's had close links with Authentic in recent years, partnering with the business to 'significantly expand the online presence and retail sales of its brands in Amazon stores, such as Reebok, Brooks Brothers, Eddie Bauer, Aéropostale and many more'. Now, in his new role, he'll 'spearhead the expansion of Authentic's global distribution strategy, with a focus on strengthening partnerships, accelerating brand reach and driving incremental value across platforms'. The chain of command sees him reporting to Matt Maddox, president, and working closely with chief digital officer Adam Kronengold and global president, sports & lifestyle, Jarrod Weber 'to drive innovation and scale Authentic's brands across key markets'. It's clearly a pivotal role given the importance of marketplaces in modern fashion retail and Maddox said that they're 'a critical engine for long-term brand growth. Tim's track record of building high-performing teams and scaling digital marketplaces worldwide makes him the ideal leader to deepen our capabilities in this space. His appointment marks a significant step in making this channel a cornerstone of our global distribution strategy'. Authentic also said that its investment in its marketplaces division 'underscores its commitment to a diversified, omnichannel approach that connects powerful brands with consumers worldwide. Derner's appointment signals a significant milestone in this initiative, reflecting Authentic's commitment to thinking globally and acting locally to unlock new market potential'.
Fashion Network
18-06-2025
- Business
- Fashion Network
Authentic names new global marketplaces head from Amazon
Major global brand development and licensing platform Authentic Brands Group has announced the appointment of Tim Derner as global head, marketplaces. The new York-based executive steps into he role with immediate effect and joins Authentic after more than a decade of leadership experience at Amazon. He was most recently director of Amazon Fashion and Luxury Stores and we're told that during his tenure, he 'played a pivotal role in transforming Amazon Fashion into the world's largest fashion retailer'. And he's had close links with Authentic in recent years, partnering with the business to 'significantly expand the online presence and retail sales of its brands in Amazon stores, such as Reebok, Brooks Brothers, Eddie Bauer, Aéropostale and many more'. Now, in his new role, he'll 'spearhead the expansion of Authentic's global distribution strategy, with a focus on strengthening partnerships, accelerating brand reach and driving incremental value across platforms'. The chain of command sees him reporting to Matt Maddox, president, and working closely with chief digital officer Adam Kronengold and global president, sports & lifestyle, Jarrod Weber 'to drive innovation and scale Authentic's brands across key markets'. It's clearly a pivotal role given the importance of marketplaces in modern fashion retail and Maddox said that they're 'a critical engine for long-term brand growth. Tim's track record of building high-performing teams and scaling digital marketplaces worldwide makes him the ideal leader to deepen our capabilities in this space. His appointment marks a significant step in making this channel a cornerstone of our global distribution strategy'. Authentic also said that its investment in its marketplaces division 'underscores its commitment to a diversified, omnichannel approach that connects powerful brands with consumers worldwide. Derner's appointment signals a significant milestone in this initiative, reflecting Authentic's commitment to thinking globally and acting locally to unlock new market potential'.
Yahoo
12-06-2025
- Yahoo
York travel firm promises new quiz will deliver perfect golf holiday
York-based Glencor Golf Holidays has built a new interactive quiz that will give avid golfers their ideal destination for their next golf trip abroad. The Glencor Golf Holiday Quiz asks questions about holiday types, distance to travel, when you want to go, how long for and, most importantly, the quality of the courses at your destination. It then works out from your answers which golf destination is best for your needs. RECOMMENDED READING: York firm Glencor wins Feefo award for golfing holidays Corrie Renton, Director of Glencor, said: 'We wanted to offer people who might not be sure where they can go for a golf holiday the chance to choose based on what they really want from their trip. 'We understand that holidays need to be perfect, so we're doing all we can at Glencor to make sure you get the right holiday for your needs.' To find your perfect golf holiday go to:
Economic Times
02-06-2025
- Business
- Economic Times
Stablecoin issuer Circle targets $7.2 billion valuation in upsized US IPO
Circle's dollar-denominated USDC, the second-largest stablecoin in the world, is expected to benefit from the impending stablecoin bill, which is expected to catalyse institutional adoption. Stablecoins are designed to maintain a constant value, usually a 1:1 dollar peg, and are commonly used by crypto traders to move funds between tokens. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Crypto firm Circle Internet said on Monday it was targeting a valuation of up to $7.2 billion on a fully diluted basis in its upsized initial public offering in the United States, underscoring growing momentum in the stablecoin upsized IPO indicates strong investor appetite for crypto firms under U.S. President Donald Trump, who has not only promised friendlier regulations for the sector, but also has several crypto projects associated with York-based stablecoin issuer Circle and some existing investors are now looking to raise up to $896 million from 32 million shares priced between $27 and $28 apiece, up from their earlier offer of 24 million shares between $24 and $ dollar-denominated USDC, the second-largest stablecoin in the world, is expected to benefit from the impending stablecoin bill, which is expected to catalyze institutional are designed to maintain a constant value, usually a 1:1 dollar peg, and are commonly used by crypto traders to move funds between reserve income, its primary revenue source, from interest on the Treasuries backing its USDC coin, rose 55.1% to $557.9 million in the quarter ended March distribution and transaction costs for the period jumped 68.2%, outpacing revenue growth for Circle, which distributes USDC primarily via its partnership with Coinbase and other third-party distributors.J.P. Morgan, Citigroup and Goldman Sachs are the lead underwriters for the offering. Circle will list on the New York Stock Exchange under the symbol "CRCL".Circle is poised to go public in New York later this week.
