ITM Power and Protium join forces on UK green hydrogen
ITM Power has formed a strategic partnership with Protium to co-develop green hydrogen projects across the United Kingdom. The first collaboration under the agreement is the Cromarty Hydrogen Project in the Scottish Highlands, a site recently acquired by Protium that will host a 15MW electrolyser capable of producing approximately 7 tonnes of green hydrogen per day.
The partnership positions ITM Power (AIM:ITM) as the electrolyser technology provider on what would be a meaningful early-stage project for domestic green hydrogen infrastructure, with Protium bringing the site and development pipeline to the arrangement.
Currys promotes Nordic chief to group CEO role
Currys (EXCHANGE:CURY) has named Fredrik Tønnesen as its new Group Chief Executive, with the appointment taking effect from 3 August. Tønnesen steps up from leading the retailer's Nordics division, bringing direct operational experience from one of Currys' core international markets to the top role.
A.G. Barr ties IRN-BRU to Scotland's football comeback
A.G. Barr (EXCHANGE:BAG) has launched a multi-channel summer campaign for IRN-BRU, built around Scotland's return to global football competition. The push spans TV, out-of-home, social media and in-store activations, with the company explicitly targeting awareness and sales growth beyond Scotland and in overseas markets, a signal that Barr sees the tournament as a platform to extend the brand's geographic reach.
B&M flags execution failures behind full-year profit decline
B&M European Value Retail (EXCHANGE:BME) reported a difficult FY26, with profits falling as a combination of adverse market conditions and internal execution issues weighed on performance. Chief Executive Tjeerd Jegen described it as "a difficult year that saw profits fall due to a challenging market and execution issues", an unusually candid acknowledgement that the problems were not solely external.
Novo Nordisk takes Wegovy pill to UAE in global first
Novo Nordisk has launched its oral GLP-1 weight-loss therapy, sold as Wegovypill, in the United Arab Emirates, making the UAE the first country outside the United States to receive the pill formulation of the Wegovy franchise. The move marks a significant step in the commercial rollout of oral obesity treatment beyond the US market, with the UAE serving as the initial international launch market.
Boohoo completes marketplace pivot as Debenhams returns to growth
Boohoo Group has completed its transition to an asset-light marketplace model, with the Debenhams brand returning to growth as the restructuring concludes. The group's ecosystem now hosts approximately 25,000 brands and partners, reflecting the scale of the marketplace platform assembled through the transformation.
The shift away from a traditional inventory-holding retail model is intended to reduce capital intensity and broaden the product offering available through Boohoo's digital storefronts, with Debenhams acting as the flagship vehicle for the new approach.
