Category: 3. Business

The Department of Transportation and Infrastructure has issued a Request for Proposals (RFP) to secure an additional swing vessel to provide relief on provincial ferry routes serving Fogo Island-Change Islands and Bell Island.

Swing vessels play a critical role in maintaining service when regularly assigned ferries are out of operation for maintenance, repairs or refits. They can also be deployed to supplement service during periods of high demand. Adding a new swing vessel will improve the reliability of ferry service and offer residents greater stability and consistency.

The RFP seeks a vessel with capacity for 100–250 passengers and a vehicle deck of 250–400 lane metres, similar to the MV Legionnaire and MV Veteran. The vessel must be capable of year-round operation in typical ice conditions for Bell Island and Fogo Island, be less than 25 years old at delivery, and be compatible with existing dock infrastructure.

This initiative fulfills a commitment made during the fall election campaign to procure four new vessels: three to be built in the province to replace aging ferries and one new swing vessel. Today’s announcement marks the first step in delivering on that promise.

Currently, the province operates two swing vessels: the MV Beaumont Hamel and the MV Sound of Islay. An additional swing vessel, the MV Astron W, is under contract until March 31, 2026.

Information on public calls for bids issued and awarded by the department and other public bodies is available by visiting www.merx.com/govnl.

Quote
“During the fall election campaign, we committed to improving ferry services. By adding a new swing vessel, comparable to the MV Legionnaire and MV Veteran, we can provide more consistent and dependable service on the Bell Island and Fogo Island–Change Islands routes. This vessel will also help ensure swing ships remain available for other routes across the province. Today marks an important first step toward delivering better, more reliable ferry services for all residents who depend on them.”
Honourable Barry Petten
Minister of Transportation and Infrastructure

-30-

2025 12 17
10:30 am

Patients across England, Wales and Scotland could benefit from updated guidance on the Health Institution Exemption published today (17 December) by the Medicines and Healthcare products Regulatory Agency (MHRA).

This will support hospitals and other health institutions to manufacture new devices, or modify existing devices, to meet specific clinical needs for their own patients – from specialist software that supports precise drug dosing to communication aids designed to help patients with a communication impairment.

The updated leading practice guidelines will provide health institutions clearer direction on when and how the Health Institution Exemption can be applied in practice. This aligns with the UK government’s missions, including the 10 Year Health Plan for England and the Life Sciences Sector Plan, and their focus on the role of technology in health services.

The update follows a recent survey of health institutions and sets out five core principles that they should follow: maintaining quality management systems, ensuring device traceability, meeting the essential requirements, keeping technical documentation, and ongoing monitoring of how devices perform. The guidance also includes practical, everyday scenarios to help medical physicists, clinical engineers and other healthcare professionals understand when the Health Institution Exemption applies. 

The guidance also provides examples to clarify the types of organisations that may fall within scope, and those that do not, such as gyms, spas and fitness centres. It explains expectations where manufacturing activities are carried out on behalf of a health institution by a third party, and simplifies the use of key terms to reduce the risk of misunderstanding and ensure consistent application.  

Health institutions are encouraged to check whether suitable products are already available before developing their own. Where they do create a device, they should follow appropriate quality processes, keep clear records, and inform patients when a device has been made under the exemption. The updated guidance applies to general medical devices only and does not extend to in vitro diagnostic devices (IVDs). Importantly, any safety concerns should be reported through the MHRA Yellow Card scheme. 

Notes to editors  

1. The full guidance can be accessed here: Health Institution Exemption for general medical devices – GOV.UK. This guidance replaces the previous guidance on in-house manufacture of medical devices in Great Britain. The Health Institution Exemption only applies when devices stay within the health institution that made them. Custom-made devices – such as custom wheelchairs or prosthetic appliances – must follow separate custom-made device regulations. Health institutions in Northern Ireland should refer to separate EU-aligned guidance. 

2. The Medicines and Healthcare products Regulatory Agency (MHRA) is responsible for regulating all medicines and medical devices in the UK by ensuring they work and are acceptably safe. All our work is underpinned by robust and fact-based judgements to ensure that the benefits justify any risks.  

3. The MHRA is an executive agency of the Department of Health and Social Care.  

4. For media enquiries, please contact the newscentre@mhra.gov.uk, or call on 020 3080 7651.

Paul and Peter were chosen because their work embodies Queen Mary’s aims, ambitions and values, and because they both mirror the University’s 240-year ethos of inclusivity and opening the doors of opportunity to anyone with the potential to succeed.

Paul Stephen, Awarded a Fellowship

Paul Stephen was Principal and Chief Executive of Newham College of Further Education, London’s top-performing further education college, from 2017 to 2025. In that time, Paul worked closely with Queen Mary on a number of successful projects, including securing £28million in funding from the Department for Education and Greater London Authority to establish the London City Institute of Technology.

Paul also supported the development of Queen Mary’s Civic University Agreement and was a valued member of the University’s Civic Advisory Board. In this role, Paul gave support and guidance to help Queen Mary determine area of focus that will ensure the University delivers positive, impactful change across East London.

On receiving his fellowship, Paul said: “I am delighted to accept the award of Fellowship from Queen Mary University of London. Throughout my career I have helped to form successful partnerships between distinctive organisations, and the relationship with Queen Mary is one of which I am truly proud. 

“In Queen Mary, I found a values-driven organisation whose staff showed vision, curiosity and ambition to create a powerful alliance that is already improving the educational experience and opportunities for the local communities we serve.”

Dr Peter Waggett, Awarded an Honorary Doctor of Sciences (DSc)

An alumnus of Queen Mary, Dr Peter Waggett graduated from the University with an undergraduate degree in astrophysics. After this, he completed a PhD in astronomy, after which he moved to the commercial sector, joining a scientific consultancy, which was subsequently acquired by IBM. Dr Waggett is now the Research Director at IBM, running their UK research programme. 

Committed to giving back, Dr Waggett actively works with Queen Mary colleagues to find ways to support his Alma Mater. Whether it’s connecting staff and students with opportunities at IBM, or helping secure grants that open the doors for technology experts to engage with quantum computing on a global scale, Dr Waggett works to ensure that new generations of students are given the same transformative opportunities that he benefited from himself, during his time at Queen Mary.

Speaking on receiving his award, Dr Waggett said: “As the first person in my family to attend University, the opportunities and support from Queen Mary during my BSc course gave me all I needed to follow a research career path.  

“My success in academic and industrial research roles would not have been possible without attending Queen Mary and I am honoured to accept this award for myself, and as a representative of those students that Queen Mary has opened research career paths for.”

Read more: 

• EBRD is lending €14 million to a leading regional pharmaceutical distributor to build a new, energy-efficient logistics centre in Belgrade
• Investment will centralise and automate operations, significantly increasing capacity and sustainability
• Project is supported by the Global Environment Fund (GEF) and the EBRD’s Circular Economy Regional Initiative (CERI)

The European Bank for Reconstruction and Development (EBRD) is providing a €14 million loan to Farmalogist, the leading pharmaceutical distribution company in the Western Balkans, to construct a new logistics centre in Serbia.

The loan includes €1.2 million of concessional financing provided by the Global Environment Fund (GEF), reflecting the project’s strong green credentials.

Proceeds of the loan, which are 100 per cent aligned with the EBRD’s Green Economy Transition (GET) principles, will go towards construction of the centre and purchase of equipment. This investment will significantly increase the company’s capacity and operational efficiency by centralising operations and automating warehousing and handling processes.

The new centre will deliver major environmental benefits, as it is designed to achieve an energy performance certificate one level above national requirements, and will implement circular economy principles to reduce its environmental footprint. Rooftop solar panels will further enhance energy efficiency.

This is one of the first loans in Serbia to feature a dedicated Circular Economy Roadmap Initiative (CERI) linked with concessional financing. Through this initiative, Farmalogist will align its operations with circular economy principles, introducing measures such as packaging optimisation, waste reduction, renewable energy use and automated recycling processes to further minimise the environmental impact of the new logistics centre.

Matteo Colangeli, EBRD Regional Director for the Western Balkans, said: “We are delighted to support Farmalogist in this important step towards modernising logistics and strengthening supply chains in the Western Balkans. This investment not only improves operational efficiency but also sets a benchmark for sustainability in the sector. Notably, it is one of the first projects in Serbia to feature a dedicated CERI component, which will help Farmalogist implement advanced resource efficiency and environmental standards. By combining innovation with environmental responsibility, Farmalogist is showing how private companies can lead the way in building a greener and more competitive economy.”

Janko Radunovic, director and a shareholder of Farmalogist, said: “This financing represents a significant milestone for our group. It enhances our capacity to centralise logistics, expand production and improve automation. Our goal is to drive the green transition by improving energy efficiency and enabling smarter energy management. With the EBRD’s support, we are confident in our journey to becoming a regional leader and a reliable partner in developing sustainable energy systems.”

The EBRD is the leading institutional investor in Serbia, having invested more than €10 billion through 397 projects to date. The Bank’s focus in Serbia is on private-sector competitiveness, the green economy and sustainable infrastructure.

A Ministry of Housing, Communities and Local Government review of the Regulator of Social Housing has concluded, determining a full-scale review is not necessary at this time.

Overall, the review confirmed that the Regulator is a well-run organisation that demonstrates no fundamental weaknesses across its operations.

As part of the government’s commitment to build more social and affordable homes, drive up standards, and ensure social housing landlords remain financially sound, the department has identified key areas where it will work collaboratively with the Regulator to further strengthen its ability to deliver. These will include work to:  

• Strengthen the evidence base on the outcomes delivered by social housing regulation, particularly for residents living in social housing. This will include how the Regulator, and others, can effectively monitor performance.
• Ensure the Regulator continues to operate as efficiently as possible in future years.
• Consider how the regulatory system may need to evolve in the future to respond to any new changes to the social housing sector.
• Explore opportunities for the Regulator to further exploit its use of digital technologies.

The Regulator was subject to a Public Bodies Review last year as part of the wider Cabinet Office programme which routinely assesses the effectiveness and efficiency of all Arm’s Length Bodies.

Further information

The Regulator of Social Housing is a non-departmental public body which regulates registered providers of social housing to maintain a viable, efficient, and well-governed sector that can deliver quality homes and services for current and future tenants. The Regulator has a key role in supporting the delivery of new social homes to meet the government’s housing objectives.  

The Regulator was subject to a Public Bodies Review in 2024 as part of the wider Cabinet Office Public Bodies Review Programme. These reviews consider the governance, accountability, efficacy, and efficiency of Arm’s Length Bodies.

More information on the Public Bodies Review Programme can be found here.

CHICAGO, Dec. 17, 2025 /PRNewswire/ — CME Group Inc. will announce earnings for the fourth quarter and full year of 2025 before the markets open on Wednesday, February 4, 2026. Written highlights for the quarter will be posted on the company’s website at 6:00 a.m. Central Time, the same time it provides its earnings press release. The company will also hold an investor conference call that day at 7:30 a.m. Central Time, at which time company executives will take analysts’ questions. 

A live audio Webcast of the conference call will be available on the Investor Relations section of the company’s website. Following the conference call, an archived recording will be available at the same site. Those wishing to listen to the live conference via telephone should dial 877-918-3040 if calling from within the United States, or +1 312-470-7282 if calling from outside the United States, at least 10 minutes before the call begins. The participant passcode for both telephone numbers is 1944793.

As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P®”, “S&P 500®”, “SPY®”, “SPX®”, US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

CME-G

SOURCE CME Group

Release date 17 December 2025