Author: Sam Allcock

Harrods has reported a significant rise in both profit and revenue for the fiscal year ending 28 January 2023, despite remaining below pre-pandemic levels.Turnover surged by 52% year-on-year, reaching £994.1m, but has yet to surpass the 2020 figure of £1.04bn.Operating profit more than doubled in the same period, climbing to £202.7m from £71.4m in 2021.Profit after tax experienced a substantial jump from £20.7m in 2021 to £135.8m.Gross transactional value climbed over 51%, hitting £2.1bn, displaying continued recovery from pre-pandemic figures.Harrods has experienced a notable rise in profit and revenue for the fiscal year ending 28 January 2023. Although turnover increased…

Waitrose partners with Diageo to offer over 70 low and alcohol-free products.New dedicated areas will be available in 253 UK stores.60% more space allocated due to significant sales growth.Seven in ten UK adults want easier access to low and no-alcohol beverages.Government supports initiatives for low and no-alcohol drink options.Waitrose, in collaboration with Diageo, introduces over 70 low and alcohol-free beverages across 253 stores in the UK. The new dedicated sections will host an assortment of beers, ciders, wines, and spirits. This strategic move comes as the demand for these products has seen a remarkable increase, with sales rising by 20%…

Meatless Farm faced significant financial challenges, culminating in losses of over £17 million in Europe before bankruptcy.The bankrupt vegan brand struggled with high operating costs and insufficient revenue since relocating to Amsterdam in 2020.The bankruptcy report highlights Meatless Farm’s failure to secure enough investment to sustain its operations.Despite partnerships with major European supermarkets, the brand’s products failed to stand out in a competitive market.Economic difficulties, including the pandemic and geopolitical tensions, hindered Meatless Farm’s growth and investment opportunities.Meatless Farm, a prominent player in the plant-based food sector, accrued over £17 million in financial losses in its European operations before declaring…

A new showroom has opened at Oxford Circus, London, offering a venue for exclusive appointments and events.Initially announced in February, the venue welcomes influencers, press, and stylists for a first-hand experience.This London space follows successful showrooms in Paris, Miami, and Los Angeles, enhancing the brand’s global presence.Designed by We Are Studio Dream, the showroom facilitates content creation and garment trials.The UK-based team anticipates the new showroom will strengthen relationships within the industry.The newly launched showroom and office, spanning 4,375 square feet on Great Portland Street, represents a significant expansion for the company. Originally announced in February, the space has been…

Bangladesh’s inflation rate could reach 8.6% this year, but it is expected to decrease next year, with inflation projected to be around 6.5%. The International Monetary Fund (IMF) has forecasted that Bangladesh’s Gross Domestic Product (GDP) growth will be 5.5% this year. Next year, this could increase by 1 percentage point, bringing GDP growth to 6.5% in 2024. If this trend continues, Bangladesh’s GDP growth could reach 7% by 2028. This forecast was provided in the IMF’s World Economic Outlook 2023 report, which was released yesterday, Tuesday, during the World Bank and IMF’s week-long Spring Meetings in Washington, D.C. The…

A blind family in Bhola Sadar Upazila has been left devastated after thieves stole their last remaining asset—three cows. The theft has left the family in despair. The cows were stolen from Kandrakhpur village in Ward 4 of Rajapur Union on Sunday night. Rajapur Union Chairman Rezaul Haque said that Md. Kamal Hossain (40), who is visually impaired, married Tanzila Akhter. The couple has three children, all of whom are also visually impaired. They rely on some allowances from the Union Parishad and the support of local people to make ends meet. After much effort, they managed to buy a…

Veteran Bollywood actor Sameer Khakhar has passed away. He died on Wednesday while undergoing treatment at a hospital in Mumbai. The 71-year-old actor had been suffering from respiratory issues for a long time. According to The Times of India, he was admitted to the hospital yesterday afternoon after he experienced breathing difficulties. Sameer Khakhar’s brother, Ganesh Khakhar, shared that the actor had been battling respiratory problems for a while, along with other health issues. Yesterday, after he suddenly lost consciousness, they admitted him to the hospital based on the doctor’s advice. During this time, his heart wasn’t functioning properly. As…

In November of last year, Microsoft-backed American company OpenAI introduced ChatGPT to the market. Since then, the use of artificial intelligence (AI) technology from ChatGPT has been linked to a rise in online scams worldwide. According to UK-based cybersecurity firm Darktrace, hackers have also adapted their cyberattack strategies due to the easy accessibility of AI technology. Darktrace reports that hackers are now launching cyberattacks against individuals and organisations using new methods since the launch of ChatGPT. Instead of traditional phishing emails, they are employing various tactics to deceive users. As a result, users are facing threats such as ransomware attacks…

One of Kajol’s most iconic films, Dilwale Dulhania Le Jayenge, where she starred opposite Shah Rukh Khan, remains immensely popular even today. Released in 1995, Dilwale Dulhania Le Jayenge has become a Bollywood classic and continues to hold a special place in the hearts of audiences. Directed by Aditya Chopra, the film has been running in theatres for 28 years, maintaining its timeless appeal. When asked by an Indian news outlet if the film should ever be remade, Kajol expressed her firm opposition, saying, “A movie like Dilwale Dulhania Le Jayenge should not be remade.” She holds the same view…

The Aviation and Airport Workers Union (SITAVA) held a full meeting today to approve a company’s proposal, which includes a reduction in pay cuts from 25% to 20%, according to union representative Paulo Duarte, speaking to Lusa. “We had a very large turnout today, with over 600 people, and there was general dissatisfaction because we are still facing cuts,” Duarte stated, adding that “a solution to this issue must be found.” The union leader explained that “a plenary session was scheduled, and a significant movement was expected, but at the last moment, a proposal came from TAP” which “met the…