Author: Sam Allcock

The latest UK budget places significant emphasis on a ‘technology-enabled’ approach in public services.A $2bn investment in NHS digital technology highlights government’s commitment.Adjustments in capital gains tax rates could affect entrepreneurship and investment.Rising employer’s National Insurance presents additional challenges for tech firms.The budget outlines considerable funds for R&D across various sectors.The recent UK budget emphasises a ‘technology-enabled’ approach as a cornerstone of public service reform. With £2bn allocated towards NHS digital technology, the government signifies its dedication to integrating technology within healthcare systems. This funding aims to enhance digital infrastructure, ensuring efficiency and improved patient outcomes.In the financial realm, changes…

Ocado will see a leadership change as Adam Warby takes over as chairman from Rick Haythornthwaite starting December 1, 2023.Warby, with a background at KKR, Heidrick & Struggles, Microsoft, and IBM, brings extensive experience to Ocado’s strategic direction.Haythornthwaite steps down to concentrate on his role at Natwest, following four transformative years with Ocado.Investor sentiment remains cautious as Ocado continues its journey towards profitability, expected by 2026.CEO Tim Steiner and outgoing chairman Haythornthwaite express confidence in Warby’s leadership to drive future growth.Ocado has announced a significant change in its leadership as Adam Warby is set to become its new chairman, effective…

Marks & Spencer has launched its second collection with Sienna Miller, offering a festive twist for the winter season.The collection includes 35 distinct pieces, ranging from statement prints to luxurious fabrics such as silk and velvet.Available from 31 October, the line will be sold through the retailer’s online platform and select physical locations.Key items feature a sequined mini dress, a tiger-printed waistcoat, and a lacy maxi dress, showcasing Miller’s signature style.M&S aims to cater to festive occasions with this collection, blending style, quality, and value.Marks & Spencer, in partnership with British actress Sienna Miller, has introduced a new collection focused…

Luxury womenswear brand Me & Em unveils its first flagship store in London’s Marylebone Village, marking a significant expansion.The new store spans 3,826 square feet, blending traditional and modern British design elements.Designed by Tina Vaia and Ed Milton, the store interior showcases contrasting materials and custom-made tiled floors.Key fashion looks are featured monthly, enhancing the shopper experience through curated displays.Founder Clare Hornby emphasises the store’s role in customer education and outfit visualisation.Me & Em has recently opened its first flagship store in Marylebone Village, London, expanding to its eighth outlet in the UK. The new store integrates traditional and modern…

Skechers, a leading footwear brand, has reported record-breaking global sales for the third quarter ending 30 September 2024.The company’s sales rose by 15.9% to $2.35 billion compared to the previous year.Net earnings also saw an increase, reaching $193 million, a significant rise from the past year.Skechers experienced substantial growth across various regions, including a 30% rise in the EMEA region.The brand aims to surpass major competitors in the footwear market by continuing to expand its operations.Skechers has marked a significant milestone by achieving record sales figures in the third quarter of 2024. The brand reported global sales amounting to $2.35…

The latest budget reveals a £40 billion tax hike, set to reshape the UK economy. Chancellor Reeves’s plan implements increases in National Insurance and Capital Gains Tax. Business leaders express concern over the potential economic impact. The government’s measures may influence growth, private investment, and employment dynamics.With the economy already facing challenges, the tax reforms introduce additional complexities. Key sectors might face hurdles, and growth projections seem cautious. There’s an emphasis on balancing public finances with development needs.A Closer Look at the Tax IncreaseThe recent announcement of a £40 billion tax increase, led by Chancellor Rachel Reeves, is projected to…

In the 2024 Autumn Budget, Chancellor Rachel Reeves outlined pivotal tech policies.The budget introduces funding for clean energy and climate technology projects.The life sciences sector receives support, ensuring continued growth and innovation.R&D tax relief is safeguarded, aiding tech companies in maintaining competitiveness.Capital gains tax rates are increasing to address financial shortfalls.The 2024 Autumn Budget, presented by Chancellor Rachel Reeves, has been eagerly anticipated by the tech industry, bringing with it significant policies that aim to reshape the sector. The budget underscores the government’s commitment to advancing clean energy and climate technology, an area that is becoming increasingly critical amidst global…

Jigsaw has observed promising developments following strategic changes.Sales increased by £0.7m, or 2.3%, but profits decreased.CEO Hash Ladha expressed optimism about long-term growth.New stores and international online expansion were key initiatives in 2023.Management remains confident in future financial recovery.Jigsaw has noted encouraging developments as a result of strategic adjustments, despite a reported decline in profit for the fiscal year ending January 2024. Sales rose by £0.7 million, translating to a 2.3% increase on a comparable basis. Margin saw a rise of £0.4 million, although EBITDA fell significantly to £0.7 million due to intensifying market challenges that surfaced in the latter…

Speculation over potential changes to inheritance tax (IHT) in the upcoming Budget has driven investors to withdraw a significant £300 million from UK stocks. This movement marks a notable shift from the £80 million withdrawn in August, reflecting escalating concerns among investors.Funds focusing on smaller and mid-sized UK companies have experienced substantial outflows as investors react preemptively to anticipated fiscal changes. The looming uncertainty is prompting widespread reassessment of portfolios, as individuals seek to safeguard assets against possible adverse effects of tax policies.Escalating Withdrawals Linked to SpeculationInvestors have increasingly turned away from UK stocks, with a withdrawal of £300 million…

Sanderson Weatherall, a renowned property consultancy, has inaugurated its first Welsh office in Cardiff.The new office is located in the Desg scheme in Pontcanna, marking a significant presence in the region.Rhys Griffiths, bringing 15 years of local market experience, will lead the Cardiff office.The firm’s expansion into Cardiff is part of a strategic growth plan in South Wales.Sanderson Weatherall reports an annual revenue of £18.5 million, highlighting its robust market position.Property consultancy Sanderson Weatherall has made a strategic move into Wales, setting up its inaugural office in Cardiff. Located in the bustling Desg office scheme in the Pontcanna area, this…