Thursday Dec 08, 2022

IN BRIEF: UP Global Sourcing installs solar panels on head office roof – Morningstar

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UP Global Sourcing Holdings PLC – Oldham, England-based consumer brands owner – Says it has installed 1,150 solar panels on the roof of Manor Mill, its head office building near Manchester. The panels cover about 85% of Manor Mill’s roof. “It is anticipated that the panels will start generating energy later this month and, once at full capacity, are expected to produce 40% of Manor Mill’s energy requirements,” Ultimate Products notes. The expected payback period is about three years, it says, without specifying the amount spent.

Jill Easterbrook, a non-executive director and chair of the board’s environmental, social and governance committee, says: “Manor Mill’s new solar panels are a prime example of Ultimate Products’ constant search for ways to reduce its impact on the environment. We are confident that they will also prove to be a great investment, helping us to save money on energy bills.”

Current stock price: 114.50 pence, up 5.1% on Thursday in London

12-month change: down 43%

By Xindi Wei; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.

Source: https://www.morningstar.co.uk/uk/news/AN_1657802388346577100/in-brief-up-global-sourcing-installs-solar-panels-on-head-office-roof.aspx

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