Housing secretary says work will start on three new towns before election

The UK government is set to unveil an ambitious plan to build 12 new towns across England during the Labour conference in Liverpool. Housing Secretary Steve Reed will announce this initiative, which is inspired by Clement Attlee's postwar housing boom, as a crucial step to tackle the ongoing housing crisis. Prime Minister Keir Starmer has called these proposals a demonstration of 'national renewal in action,' highlighting their significance in addressing the urgent need for affordable housing in the country.

The UK government is set to unveil an ambitious plan to build 12 new towns across England during the Labour conference in Liverpool. Housing Secretary Steve Reed will announce this initiative, which is inspired by Clement Attlee's postwar housing boom, as a crucial step to tackle the ongoing housing crisis. Prime Minister Keir Starmer has called these proposals a demonstration of 'national renewal in action,' highlighting their significance in addressing the urgent need for affordable housing in the country.

Labour's new 'Pride in Place' strategy aims to revitalize high streets and invest in disadvantaged communities, marking a significant shift from previous funding initiatives. This plan is not just talk; it has the potential to bring real change to local economies and improve community well-being. As the government emphasizes the importance of this initiative, it's crucial for people to be aware of the benefits it could bring to their neighborhoods.

Labour's new 'Pride in Place' strategy aims to revitalize high streets and invest in disadvantaged communities, marking a significant shift from previous funding initiatives. This plan is not just talk; it has the potential to bring real change to local economies and improve community well-being. As the government emphasizes the importance of this initiative, it's crucial for people to be aware of the benefits it could bring to their neighborhoods.

Mizuho has taken the lead in stabilizing Heathrow Funding's GBP benchmark bond, a significant move that reflects confidence in the financial health of one of the world's busiest airports. This stabilization is crucial as it helps maintain investor trust and ensures that Heathrow can continue to operate effectively amidst economic uncertainties. The bond's performance is vital for funding ongoing projects and improvements at the airport, making this development important for both investors and travelers alike.

Merck's new drug WINREVAIR has shown promising results in clinical trials, reducing the risk of clinical worsening in patients with pulmonary arterial hypertension (PAH) by an impressive 76% when used early. This breakthrough is significant as it offers hope for better management of PAH, a condition that severely impacts patients' quality of life. The findings could lead to improved treatment protocols and better outcomes for those affected by this challenging disease.

Perimeter Solutions has received a positive boost as UBS raised its stock price target from $21 to $25. This adjustment reflects growing confidence in the company's performance and potential for future growth, which is significant for investors looking for promising opportunities in the market.

HSBC has initiated coverage of Lam Research with a Hold rating and set a price target of $127. This move reflects HSBC's cautious stance on the semiconductor equipment manufacturer, indicating that while the company has potential, it may not be the best time to invest heavily. Investors should consider this rating as part of their broader strategy, especially in the context of market fluctuations and the tech sector's performance.

Today, the stock market is seeing Dow futures edge lower as investors remain cautious with a government shutdown deadline approaching. Meanwhile, gold prices have reached another all-time high, reflecting a shift towards safe-haven assets amid a weakening dollar. This situation is significant as it highlights the ongoing economic uncertainties and the potential impact on market stability.

Singtel has announced that the CEO of Optus requires additional time to address the recent emergency call outages that have affected users. This situation is significant as it highlights the challenges faced by telecommunications companies in maintaining reliable services, especially during critical times. The resolution of these issues is crucial for restoring customer trust and ensuring public safety.