A man has been charged following the execution of a warrant in Fair Oak yesterday (Thursday 6 February) Fair Oak has been charged with producing a controlled drug of class b – cannabis He has been remanded in custody and was due to appear at Southampton Magistrates Court today (Friday 7 February) I'm the News Editor and admin for this site and a life-long Eastleigh resident. Email me at s.slominski@eastleighnews.co.uk.  Tags: Enter your email address to subscribe to Eastleigh News and receive notifications of new posts by email Fair Oak entrepreneur Sadie Harper with a couple of satisfied customers pic: Supplied Eastleigh businesses have benefited from a government-backed programme that has helped over 1,000 entrepreneurs in Hampshire secure more than £25 million in loans since its launch in 2012 delivered through the British Business Bank has provided 311 loans to businesses in the borough One of the businesses to benefit is Doggy Style Poochie Parlour Harper had been studying chemistry at university when the Covid-19 lockdown prompted her to reconsider her career path she started working as a groomer but noticed a gap in the market for high-quality personalised grooming services that prioritised the wellbeing of pets she was able to open her own grooming parlour offering a stress-free environment where dogs receive one-on-one attention The salon provides everything from breed-specific cuts to luxurious spa treatments tailored to each dog’s needs “Dog grooming is an expensive industry – the equipment utilities and necessary salon renovations all add up Very few business owners already have access to the finance tools and knowledge required to start a business from scratch and being accepted for a Start Up Loan meant that I was able to launch my grooming parlour with financial support and expert third-party advice,” she said She added that access to a mentor provided reassurance as she worked through her business plan “I knew in my heart that I had the capacity to make my business a success no matter what and having a mentor to give valuable feedback and go through my business idea with a fine-tooth comb gave me that extra confidence.” Asked what advice she would give to aspiring entrepreneurs product or service that you can share with the world Starting a business is the most rewarding thing you’ll ever do I’m a firm believer in living life to the fullest with no regrets I wouldn’t want to look back at my life and think delivered by the British Business Bank an initiative of the Department of Business and Trade The programme has been found to deliver significant economic benefits with an estimated return of nearly six times its cost 31% of loan recipients were formerly unemployed or economically inactive while 40% were women and 20% were from ethnic minority backgrounds Tags: Fed up residents and businesses in Fair Oak are facing yet another road closure on Allington Lane scheduled to begin on 22 January and last until 7 February The closure will be in force 24 hours a day for just over two weeks affecting the section of Allington Lane between May Close and Clementine Way Southern Water will be carrying out water main installation work with Hampshire County Council granting the necessary permit under statutory undertaker regulations this latest closure has reignited frustration over repeated disruptions to the area is frustrated over what he sees as Southern Water’s disregard for local livelihoods “All they need to close a road is a permit from HCC as they are a statutory undertaker,” he said “But the daily dumping of raw sewage into our rivers and seas shows Southern Water is not fit for purpose They certainly shouldn’t be allowed to jeopardise numerous small businesses purely to save money by combining closures.” Another business that has been affected  is Allington Nursery & Garden Centre which has struggled with flooding and the impact of previous closures Eastleigh MP Liz Jarvis visited the centre in December to meet owner and later commented on her Facebook page that she was raising he concerns with Southern Water and Hampshire Highways This latest closure follows a history of similar disruptions in the area Residents have long complained about poor planning and coordination of roadworks which often lead to severe congestion and extended travel times simultaneous closures of Allington Lane and Bishopstoke Lane caused gridlock with some drivers reporting that the two-and-a-half-mile journey from Fair Oak to Eastleigh was taking them an hour at peak times Stevens also criticised Southern Water for opting for full road closures rather than implementing measures such as overnight work or temporary traffic lights “It’s simply a box-ticking exercise to close the road yet again,” he said An alternative route has been provided via Fair Oak Road, Eastleigh Road, Botley Road, Bubb Lane, Tollbar Way, Botley Road, High Street, and Swaythling Road. Residents seeking further information can visit Hampshire County Council’s website at www.hants.gov.uk/publicnotices or contact Southern Water directly and what many see as a lack of accountability has left local businesses questioning whether enough is being done to protect their interests It’s about how decisions are made with zero regard for the people they affect.” Tags: The Air Ambulance attended the incident last night Officers investigating the serious assault of a man in Eastleigh yesterday evening (Thursday 31 October) are appealing for witnesses to come forward Police were called at 11.23pm to reports that an 18-year-old man had been found with a stab wound to his abdomen on Shorts Road The Air Ambulance was called and landed in New Century Park to attend The victim was taken to hospital where he remains at the current time with serious but non-life threatening injuries An investigation has been launched and Police are appealing for anyone who was in Shorts Road and the surrounding area yesterday evening between 11pm and midnight to get in touch Police say they are keen to hear from anyone who was out in the area and saw what happened or the moments leading up to it They believe there were a number of people in the Shorts Road and New Century Park area who likely saw what happened and they would really like to hear from them Officers would also like to hear from anyone who was driving through the area at the time and has dash cam footage that may assist the investigation Or perhaps people living locally who have Ring Doorbell or CCTV cameras that may have captured something Detective Inspector for Eastleigh and Hedge End said: “I know that news of this incident will be concerning to local residents but I would like to reassure you that we are carrying out enquiries today and currently believe this to be an isolated incident especially if you were out in the area at the time of the incident to make contact today – you can call police directly or report 100% anonymously via the independent charity Crimestoppers questions or information regarding this incident can speak to officers who will be in the area for the rest of the day carrying out enquiries.” Tags: A popular family pub on the outskirts of Fair Oak has been forced to close due to “unforeseen circumstances.” The Fox and Hounds at Crowdhill – which has been under new management for only eight months – suddenly closed today with a message posted on Facebook stating: The Fox and Hounds will be permanently closed for the foreseeable future We would like to thank all our wonderful customers over the last 8 months for your valued support.” A member of staff told Eastleigh News that they were informed by text earlier today that they had lost their job The staff member said they were told the pub had to close because “it isn’t making any money.” which currently holds a 3.5 out of 5 rating on TripAdvisor has had a chequered history in recent years briefly reopened as “The Fox,” and then shuttered again In 2012, there was speculation it would reopen as a members-only swingers club called “The Fox Hole,” but owners Enterprise Inns quickly dismissed the rumours This closure follows a fire at the Toby Carvery on December 29 which has closed the Bishopstoke eatery for the immediate future while works are carried out The nearby Queen’s Head at Fisher’s Pond closed in 2020 when the pandemic struck and never reopened It was demolished last year and is now just a pile of rubble The sudden closure of The Fox and Hounds reflects a growing national trend According to a survey by the British Institute of Innkeeping (BII) escalating costs and tax burdens are pushing small pubs to the brink with one in four expected to shut their doors in 2025 While pubs have long been celebrated as cornerstones of their communities offering jobs and fostering local connections Without significant government intervention to address these pressures leaving gaps in both the social fabric and local economies Tags: Officers investigating the serious assault of a teenager in Fair Oak have made three arrests Police were called to Shorts Road at 11.23pm on Thursday (31 October) after an 18-year-old male had been found with a stab wound to his abdomen The Air Ambulance was called to the scene and the victim was taken to hospital where he remains at the current time with serious but non-life threatening injuries Following a thorough initial investigation Police have arrested three people in connection to this incident A 16-year-old male from Bishopstoke has been arrested on suspicion of attempted murder and possession with intent to supply cannabis A 15-year-old male from Bishopstoke has been arrested on suspicion of attempted murder A 34-year-old male from Chandler’s Ford has been arrested on suspicion of attempted murder Police are continuing to appeal for witnesses to come forward They believe there were a number of people in the Shorts Road and New Century Park area who likely saw what happened whom they wish to speak to To report information directly to police, please call 101 quoting reference 44240475048 or visit https://www.hampshire.police.uk/tua/tell-us-about/cor/tell-us-about-existing-case-report/ If you don’t want to speak to police, you can report via the independent charity Crimestoppers on 0800 555 111 or by visiting https://crimestoppers-uk.org/ Tags: owner of Allington Garden Centre has been left frustrated by Southern Water A Fair Oak garden centre owner says he is “livid” after Southern Water fenced off and dug up part of his customer car park for sewer works — damaging his property and overrunning the agreed timescale of Allington Nursery and Garden Centre on Allington Lane said the ongoing disruption has access to his car park created the false impression that the business is closed and is the latest in a series of setbacks stretching back to last year Contractors were due to complete the car park phase of the works by 18 April Southern Water told Eastleigh News the project which began on April 7 and is linked to construction on the new One Horton Heath housing estate was delayed by emergency gas works and is now expected to be finished by Friday 2 May “We have spoken frequently with Mr Goodridge as we install sewers for the new housing development at Eastleigh,” a spokesperson said “This work has required access to Allington Nursery land an agreement reached in court had made it clear the car park works would take no more than a week and follow earlier work in the road — not the other way around He said the disruption follows last year’s flooding which damaged stock and impacted Christmas trading Additional issues raised include damage to garden structures and repeated security alarm triggers caused by temporary fencing Mr Goodridge also claims that promised daily site checks have not occurred Mr Goodridge said he has requested further contact from the company and its contractors and is considering whether to allow them continued access to the site Tags: Residents and traders in Bishopstoke and Fair Oak are up in arms over the closure of key routes which they say has caused untenable traffic jams and delays Both Bishopstoke Lane and Allington Lane are currently closed for roadworks leaving local drivers with limited options and increased traffic congestion Bishopstoke Lane has been closed for gas main replacement works carried out by I&G Contractors Ltd affecting the section between Church Lane and Church Road began on 21 October and was initially scheduled to last one month the closure order permits the works to extend up to six months if necessary has been closed since 5 AM on Monday 25 November for drainage improvements expected to last until Friday temporary traffic lights will remain in place for up to two weeks who runs a wheel repair business on Allington Lane has described the chaos caused by poor signage and a lack of coordination after being directed to Fir Tree Lane to bypass the closure The customer eventually arrived 20 minutes later frustrated by the lack of clear alternatives Stevens said he contacted both Hampshire County Council (HCC) and Clancy Group but found their responses unhelpful although Clancy indicated they would amend signage that currently suggests all businesses are open Residents have also taken to social media to voice their frustrations “We can taste the car fumes in our house.” Another wrote “Too many road closures at the same time,” while others called it the “worst congestion ever” and described local travel as “untenable.” it can take up to an hour to travel the two and a half miles from Fair Oak to Eastleigh—a journey that should normally take six to eight minutes Stevens questioned why works requiring a full road closure weren’t carried out overnight using temporary traffic lights The combined impact of closures on Bishopstoke Lane and Allington Lane has highlighted long standing concerns over how such works are coordinated and communicated to residents and businesses For after-hours inquiries about the Allington Lane closure Southern Water has provided a helpline on 0330 303 0368 (quote Project Ref Tags: Enter your email address to subscribe to Eastleigh News and receive notifications of new posts by email. New Listing Fair Oaks Capital launches Europe's first CLO ETF ETF share class of existing Luxembourg-domiciled CLO fund Corporate credit manager Fair Oaks Capital has launched Europe’s first collateralised loan obligation (CLO) ETF The Fair Oaks AAA CLO UCITS ETF (FAAA) will list on Deutsche Boerse on 10 September and the firm said it plans to list FAAA on the London Stock Exchange (LSE) “shortly after” FAAA is an ETF share class version of an existing Luxembourg-domiciled Fair Oaks fund which currently houses €161m assets under management ETF Stream understands issuers a have faced challenges getting CLO ETFs approved by the Central Bank of Ireland (CBI) The ETF captures euro-denominated AAA-rated CLOs and is classified as Article 8 under the EU Sustainable Finance Disclosure Regulation (SFDR) CLOs issued in the US since January 2019 are also UCITS ineligible effectively meaning US CLOs cannot be included within a UCITS ETF Collateralised loans are secured bank loans that offer potentially higher yields relative to similarly rated loans Fair Oaks Capital already manages two CLO UCITS funds on the Alpha UCITS platform said: "Fair Oaks AAA CLO ETF offers investors liquid exposure to a diverse pool of AAA-rated floating-rate assets which have a superb track record of no defaults since the first AAA-rated CLO was issued over 25 years ago "Our core belief is that the CLO market generates consistent and superior risk-adjusted returns over multiple market cycles versus other credit strategies." The launch is well aligned with fund selector's previous desires for further product development in the active fixed income space Janus Henderson has also been tipped to launch a UCITS re-run of its US strategy – the Janus Henderson AAA CLO ETF (JAAA) - in Europe should regulations around its UCITS eligibility change you can still read all the great ETF Stream content by setting up your free user account.Vital ETF intelligence is just a few clicks away Already have an account? Sign in People Moves Flow Traders CEO Kuehnel steps downToby Lawes Industry Updates First catastrophe bond ETF plots Europe debutToby Lawes Interview Schroders’ Thakrar-Neeliah: ETF entry with ‘index-plus’ active duoToby Lawes Copyright 2025 ETF Stream. All Rights Reserved. Made by Changing Digital Plan showing location of site as published by Bloor Homes A housing developer has revealed proposals for another 250 houses to be built in Fair Oak Bloor Homes has already started delivering leaflets to local residents and has launched a website as part of its community engagement strategy The fact that Bloor is spending money on public relations is a sure sign that they have already received pre-application advice from Eastleigh Borough Council The proposals for the 27-acre green field site coincide with the ongoing review of the local plan due to be completed by 2029 which identifies a shortfall of dwellings needed to meet the borough’s housing needs for the latter years of the current plan “The site is currently being promoted for residential development as part of Eastleigh Borough Council’s emerging Local Plan and an outline planning application will come forward in due course to establish the broad principles for the development.” Bloor says the proposed development is “a logical extension to Fair Oak to meet local housing need” and would take four to five years to complete The proposals have been met with disbelief by some locals who thought that the adoption of the local plan without the controversial Options B and C and the withdrawal of the Strategic Growth Option (SGO) had drawn a line under plans for mass housing development in Fair Oak “Isn’t this part of the land that was promised wouldn’t be built on for the next 10 years after the SGO was removed?” The poster also uploaded an image of the local Liberal Democrat newsletter featuring Councillor Nicholas Couldrey making the claim ‘New housing will be BLOCKED’ “This feels like the SGO is being built piece by piece,” said the exasperated resident Fears have also been raised that the Local Area Committee will no longer be able to approve or block major housing developments in Bishopstoke which is controlled by independents and usually supported by the borough’s single Conservative councillor was elected on a ticket of opposition to the development of local green spaces for mass housing They have already seen their decision-making powers to rule on development in Horton Heath as part of the One Horton Heath (OHH) project delegated to a special super-committee where dissenting BFOHH representatives are in a minority of one the recent revival of the Joint Area Committee means their powers to adjudicate on any major housing and infrastructure projects have also been delegated away This means that if Fair Oak residents don’t like the plans Bloor submits their democratically elected representatives might not be able to stop it the leader of the Liberal Democrats Sir Ed Davey praised Lib Dem run Eastleigh Borough Council’s record on house building as ‘brilliant’ adding “The best way to build the many extra homes we need is to properly engage local people and communities “That is the community-led approach that we on the Liberal Democrat Benches will continue to champion.” Tags: Eastleigh Borough Council has announced that the opening of a new 1.2-mile link road connecting Hedge End with Fair Oak has been delayed until Spring missing the previous target of early summer last year named The Avenue despite concerns it could cause confusion with the existing A33 route into Southampton is a key element of the council’s ‘infrastructure first’ strategy for the One Horton Heath (OHH) housing project which links Burnetts Lane and Allington Lane described ongoing problems with queues at Durley Roundabout and Horton Heath lights “After so much initial focus on ‘Infrastructure First’ the conversation suddenly went quiet,” they said Fair Oak village centre will continue to be a car park every weekday evening.” The delay has also impacted the timeline for the OHH housing project with the start of construction for the 3,000 homes now pushed back no homes have been built as part of the development despite the first planning application being submitted in December 2014—over a decade ago The financial viability of the project has come under scrutiny with costs escalating significantly since its inception At a recent Audit and Resources Committee meeting on January 13 councillors approved an additional £3.6 million in borrowing to cover immediate project needs bringing the total projected cost to over £503 million—a sharp increase from the initial 2017 budget of £142 million The delays and cost overruns have raised questions about the council’s ability to self-deliver the project the council has introduced cost-saving measures including reducing the number of housing units and floor space and removing public access electric vehicle charging points the council also parted ways with the original Project Director a member of the Horton Heath Development Management Committee commented on the challenges: “The delays and rising costs make it easy to see why private developers decided to walk away from the site.” A meeting of the Horton Heath Development Management Committee Tags: Phone: +44 (0) 1858 438800 Email: [email protected] You are currently accessing Investment Week via your Enterprise account If you already have an account please use the link below to sign in If you have any problems with your access or would like to request an individual access account please contact our customer service team Email: [email protected] Join now Login © Incisive Business Media Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR. Registered in England and Wales with company registration number 09178013. Part of Arc network, www.arc-network.com one of the last surviving members of Bomber Command was held at Wessex Vale Crematorium on Saturday Bryan Wardell joined the RAF at the age of 18 as a Leading Aircraftman (LAC) engine fitter and was posted to No 74 Squadron (Spitfires) at Biggin Hill shortly after the Battle of Britain He later trained as a Flight Engineer and completed an operational tour with No 50 Squadron (Lancasters) at RAF Swinderby before becoming an instructor at No His final tour was as the Senior Test & Evaluation Air Engineer at Boscombe Down Bryan had been a resident at Sunnybank House Care Home in Fair Oak where he was an active member of the community enjoying daily activities and social events with fellow residents and veterans He passed away on 31 January following a short illness His funeral was marked by full military honours with the King’s Colour Squadron carrying his flag-draped coffin into the chapel A trumpeter from the Central Band of the Royal Air Force sounded the Last Post and Reveille while Falklands Royal Navy veteran Graham Deacon delivered the Exhortation The service of celebration was conducted by his son Senior Activities Coordinator at Sunnybank House A Spitfire flypast brought the ceremony to a close paying a fitting tribute to Bryan’s long and distinguished RAF career provides residential and dementia care and is recognised as a Veterans Friendly Care Home It is also a signatory of the Armed Forces Covenant supporting those who have served in the military Tags: has officially opened its latest new store in Fair Oak bringing 30 new jobs to the area in-store team members and delivery drivers The Botley Road store held a grand opening ceremony where local community members and customers were invited to meet the new store team and sample the pizza The store is open for orders 7 days a week from 11am – 11pm and offers delivery service to Bishopstoke Area Manager of the Domino’s Fair Oak store said: “We are delighted to launch our new store in Fair Oak Now even more pizza fans can experience our delicious menu at home whilst our modern new store also offers great collection deals for those looking for a convenient treat We’re really looking forward to settling in and building strong lasting relationships with the local community helping to deliver a better future through food people love.” Tags: is set to open its latest new store in Fair Oak on 2 September The store is at parade of shops on Botley Road and was previously a bookmakers and before that a bank For those looking to make some extra ‘dough’, the store will create 30 jobs and is offering flexible working shifts to fit around existing schedules, with many training and progression opportunities. You can apply to be a dough-livery driver now, by emailing recruitment@solentpizza.com or asking in store The store will be open 11am-11pm 7 days a week Domino’s latest opening in Fair Oak will offer delivery service to Bishopstoke Bishops Waltham providing a better service to more customers The new store means we can offer closer collection for customers along with improved delivery times We are passionate about enhancing our new community with employment opportunities where people from Fair Oak can grow and develop their careers Over 90 percent of Domino’s store managers started in-store or as a delivery driver so whether you’re looking for a few extra hours or a completely new career path Vistry Southern is seeking to water down its affordable housing commitments for a 35-home development in Fair Oak claiming design issues make meeting accessibility standards impossible The developer has applied to Eastleigh Borough Council to remove requirements for some flats in the Allington Lane scheme to meet higher accessibility standards outlined in the Section 106 agreement with 35 per cent designated as affordable housing At the heart of the request are two accessibility standards: M4(3) which ensures ground-floor flats are fully wheelchair-accessible requiring upper-floor flats to be adaptable for future needs Vistry argues that meeting these obligations would require costly changes to the approved design including adding a lift and enlarging the building which would impact green spaces and landscaping The company also claims Eastleigh Borough Council’s policy only requires M4(3) standards for developments of 40 or more homes and this scheme falls short of that threshold She added: “This change to the Section 106 agreement does not alter the approved plans and still provides eight affordable homes meeting the M4(2) standard.” located on the former Treetops Nurseries site Fair Oak and Horton Heath Local Area Committee despite 18 objections from residents One resident said at the time: “Fair Oak flooded terribly recently which will only add to the drainage problem.” stating it was “designed to reflect the local character” and makes “efficient use of the available land.” The council is now reviewing the application to modify the Section 106 obligations Tags: Sites earmarked for 1,000s of new houses revealed Local plan logo features a vision of houses Eastleigh Borough Council has published its Local Plan Review ‘Issues & Options’ document for public consultation launching the first step in shaping the borough’s future development The consultation runs from 4 December 2024 to 29 January 2025 and seeks input from residents and organisations to guide the borough’s planning strategy for the next 20 years The document outlines potential development sites and housing capacities aiming to address a housing shortfall while setting policies to protect the environment critics claim the process risks creating division by pitting communities against one another as residents weigh in on where new development should occur The Local Plan is a critical framework that governs land use and development decisions in the borough mandates the delivery of 14,580 new homes by 2036 the 2022 plan includes a 2,614-home shortfall following the rejection of a major development north of Bishopstoke and Fair Oak by an independent planning inspector The council committed to reviewing the plan within a year of its adoption with the updated Local Plan scheduled for adoption in 2029 The ‘Issues & Options’ consultation provides an informal opportunity for public feedback before the council develops a formal draft It includes assessments of four Strategic Development Options (SDOs): smaller sites across the borough and specific locations in West End (Moorgreen Road) and Botley (Maddoxford Lane/Boorley Green) are under consideration A series of nine public drop-in sessions has been organised to foster engagement: Local campaign group Action Against Destructive Development (ADD) which previously opposed development around Stoke Park Woods but developers in the past have focused on building executive houses on attractive rural or semi-rural sites What is actually needed are starter and other affordable homes in or near existing urban centres and with easy access to public transport.” The council has stressed that site proposals come from developers and landowners and no decisions have been made regarding which areas will be developed or protected Residents are encouraged to examine the 50-page consultation document and provide feedback before the 29 January deadline is available on the council’s website Tags: Eastleigh Borough will come together tomorrow( Sunday Nov 10) to honour the courage and sacrifice of those who served in the armed forces as communities gather for Remembrance Sunday and Armistice Day observances Parades and services will be held across the Borough providing residents with a chance to reflect on the lives lost in two world wars and subsequent conflicts The tradition of holding services at Eastleigh’s War Memorial dates back over a century with the first ceremonies at this site taking place in 1921 This year’s events also mark the 110th anniversary of the beginning of World War I a reminder of the long history of remembrance in the Borough The main Remembrance Sunday Parade and Service will begin at 10:30 a.m at Eastleigh’s War Memorial on Leigh Road Recreation Ground Participants will march from Market Street along Wells Place and onto the Recreation Ground for the 10:45 a.m The parade will reform after the service and proceed to Leigh Road Precinct and those wishing to take part in the parade can register their interest by contacting the Mayor’s Office An additional Armistice Day observance will take place on Monday will coincide with the national moment of remembrance Other services will be held across Eastleigh Borough where Deputy Mayor Janice Asman will be in attendance while Councillor Pragnell will also attend the afternoon service at the Military Cemetery in the Royal Victoria Country Park at 3 p.m Temporary road closures will be in place on Sunday: services without road closures will take place at St Boniface Church Chandler’s Ford; North Stoneham War Shrine Eastleigh; and the Military Cemetery in Netley Abbey at 3 p.m Tags: A man was stabbed and taken to hospital following a fight at the Lapstone Pub in Horton Heath on Friday night (15 November) Police and ambulance crews rushed to the scene at around 10.20 pm after staff raised the alarm the brawl had spilled out into the pub’s car park The victim was taken to Southampton General Hospital The entire incident was captured on the pub’s CCTV system This is an isolated incident here at the Lapstone and a clear message from us that we will not tolerate any such behaviour and anyone considering such will not be welcome here.” The stabbing comes less than a mile from an earlier knife attack in Fair Oak on Halloween though the two incidents are not believed to be connected is not an area typically associated with knife crime This latest incident is likely to cause significant concern among residents Tags: For best viewing experience of this website Please enter a place name in the search bar After provisionally the warmest May Day on record in the UK higher than average temperatures will subside over the weekend Environment Agency Updated: 01:10 (UTC+1) on Tue 6 May 2025 Cloud thinning and becoming mainly dry overnight Cloud thinning and breaking during the evening with showers and any remaining rain soon fading Showers remain possible across Kent with brisk winds here Possible rural grass frost in western parts by dawn Cloudier in east with best of the sunshine across western regions mainly fine weather with sunny or clear spells and mostly light winds Dry across the vast majority of the UK with clear or sunny spells but also some patchy cloud Cloud will likely thicken across the far north and northwest during the weekend with some outbreaks of rain for a time There is also a small risk of some heavy showers in the far south or southwest high pressure will be dominant across the UK This will bring predominantly fine and dry weather for the majority of places Temperatures are likely to be slightly above normal for the time of year although there is a chance of some cold nights Fairly typical weather for the time of year is most likely through this period fine and dry weather is more likely to dominate although this will be interspersed with occasional spells of rain and showers with a risk of heavy rain and thunderstorms in places temperatures will most likely be near to or slightly above average Fair Oaks Capital is to launch the first ETF in Europe that invests in collateralised loan obligations (CLOs) The Fair Oaks AAA CLO Ucits ETF was approved by Luxembourg’s financial regulator and will list on Deutsche Boerse Xetra on September 10 and subsequently on the London Stock Exchange appointed Waystone to act as management company A CLO is a sophisticated financial product that pools together loans and then repackages them into securities that are sold to investors CLOs offer investors exposure to the loan market with varying degrees of risk and return making them attractive for those seeking higher yields The introduction of a CLO ETF allows investors to gain diversified exposure to this market segment in a more accessible and liquid form Alpha Ucits is a specialised hedge fund Ucits distribution and structuring platform founded in October 2009 by Stephane Diederich formerly a partner at Brevan Howard Asset Management said: “Everyone at the Alpha Ucits fund platform is extremely proud to launch for Fair Oaks Capital Europe’s first CLO exchange-traded fund We anticipate significant growth in active ETFs and have Luxembourg’s leading fund platform to support our clients.” country head for Continental Europe at Waystone said Europe’s first CLO ETF “requires extensive know-how and skills and I am so proud of the Waystone team for delivering this market-first so flawlessly” Waystone’s ManCo and ACD business surpasses $400bn in AuM Comment * document.getElementById("comment").setAttribute( "id" "a315adac56a35ef29ab833fb806e5587" );document.getElementById("a7513e1107").setAttribute( "id" and website in this browser for the next time I comment © 2024 Funds Europe Limited, a wholly owned subsidiary of Definite Article Media Limited. 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