Author: Scott Dylan
Scott Dylan
Scott Dylan is an accomplished entrepreneur, investor, and philanthropist, best known as the co-founder of Inc & Co and founder of NexaTech Ventures. With a focus on rescuing distressed businesses and supporting AI and tech startups, Scott’s expertise spans multiple sectors including technology, retail, and logistics. A passionate mental health advocate, drawing from his experience with Complex PTSD, Scott frequently writes about business transformation, AI integration, and leadership. Outside of work, he enjoys travelling, music, and spending time with his partner Gareth.
Boku, a global fintech firm, reports a 24% increase in revenue, despite incurring half-year losses.The company’s CEO, Stuart Neal, attributes growth to international expansions and diverse portfolio.Revenue reached $47.3 million, bolstered by partnerships in key international markets.Increased expenses led to a £1.6m loss, a strategic move to support long-term growth.Neal remains optimistic about future prospects, citing strong foundations for expansion.Boku, a company providing localised payment solutions such as mobile payments and digital wallets, has reported a notable 24% uptick in revenue for the first half of the year. Despite this growth, the firm has experienced a half-year loss, attributed primarily…
Personal Group has successfully transitioned 40% of its clients to its new digital benefits platform, Hapi 2.0.This transition has paved the way for further growth, spurring the company to increase its interim dividend by 11%.Revenues for the first six months rose by 14% to £21 million, driven by increased adoption of the benefits platform.CEO Paula Constant highlighted the modular nature of Hapi 2.0, which is designed to meet specific client needs.The firm is eyeing potential acquisitions to enhance its digital capabilities and support systems.Personal Group has made significant strides in the adoption of its new digital benefits platform, Hapi 2.0,…
Card Factory is set to supply Aldi exclusively with greeting cards across the UK and Ireland, marking a strategic expansion in their partnership.Initially starting their collaboration in 2019, Card Factory has been providing cards to about half of Aldi’s UK stores.The new exclusive agreement will see Card Factory expand its reach to all 1,200 Aldi stores in the UK, and for the first time, enter the Irish market.This move aligns with both companies’ growth strategies, particularly at a time when Card Factory is looking to improve its pre-tax profit margins.Despite a recent 6% increase in sales, Card Factory’s profits have…
Harrods is conducting an internal review amidst serious allegations.The review follows claims against Mohamed Al Fayed by former employees.Over 100 women, including former staff, have accused Al Fayed of assaults.The department store collaborates with the Metropolitan Police for inquiries.Concerns arise over potential staff involvement in facilitating alleged actions.In a recent investigation by the BBC, Harrods has launched an internal review to assess the involvement of its current staff in allegations of rape and sexual assault against its former owner, Mohamed Al Fayed. This step was prompted by accusations from 20 former female employees who claimed they were victims of the…
Card Factory’s recent financial performance has experienced significant pressure from assorted economic factors.Despite a 6% rise in sales to £234m, Card Factory reported a 43% drop in pre-tax profits.The increase in the National Living Wage has been identified as a major factor impacting costs.Freight inflation and strategic investment timing also played roles in constraining profitability.Online sales and new gifting categories helped maintain growth momentum, stabilising future expectations.In the latest half-year financial results, Card Factory has reported a considerable decline in its profitability, with pre-tax profits plummeting by 43% to £14 million for the six months ending 31 July. This downturn…
Frasers Group reduces its stake in Currys, signalling a shift in its investment strategy.The company’s shareholding decreased significantly from 10.9% to 2.8%.Originally a strategic move, the initial investment aimed to enhance its retail presence.Potential collaborations between Currys and Studio were anticipated during the initial investment.The reduction follows previous discussions about integrating credit offers with Currys.In a notable shift, Frasers Group has reduced its shareholding in electrical retailer Currys, dropping from a significant 10.9% to only 2.8%. This move comes just over a year after the initial purchase was made, which at that time had been labelled a ‘strategic investment.’The strategic…
The CEO of Superdry, Julian Dunkerton, has publicly addressed tax loopholes favouring Shein.Dunkerton claims the loophole gives Shein an unfair competitive advantage by avoiding import duties.The UK Treasury maintains that tax policies must balance retailer and consumer interests.Shein asserts its compliance with all UK tax liabilities despite accusations.A significant policy change is advocated to ensure fair market conditions.Julian Dunkerton, the CEO of Superdry, has highlighted significant concerns over the utilisation of tax loopholes by Shein, a fast fashion retailer. Speaking with the BBC, Dunkerton pointed out that the current tax regulations allow Shein to benefit from the absence of import…
Raspberry Pi has released its first financial results post-IPO, reporting substantial growth.Revenues for the first half of 2024 reached $144 million, marking a 61% increase from the prior year.Pre-tax profits rose modestly to $10.8 million, despite some product demand stabilisation warnings.CEO Eben Upton highlighted future product plans and inventory management challenges.Raspberry Pi shares experienced a significant rise post-IPO, reflecting investor confidence.Raspberry Pi has unveiled its initial financial results since becoming a publicly listed company, demonstrating robust financial health with revenue soaring to $144 million within the initial six months of 2024. This figure epitomises a substantial 61% surge compared to…
Harrods initiates an investigation into staff involvement following allegations against its former owner, Mohamed Al Fayed.Allegations of rape and sexual assault against Al Fayed emerged from a BBC documentary and podcast.Nearly 100 women have come forward with accusations against the former owner.Harrods has contacted Scotland Yard for assistance and set up an internal review.A non-executive committee has been established to further explore the implications of these allegations.The iconic luxury department store, Harrods, has commenced a thorough investigation to ascertain the extent of involvement, if any, of its current staff in the alleged misconduct by its former owner, Mohamed Al Fayed.…
Prime Minister Keir Starmer delivers a message of cautious optimism as he addresses the need for immediate economic sacrifices to secure long-term prosperity.Starmer’s speech at the Labour conference outlines tough economic measures to address a £22 billion fiscal deficit inherited from the previous government.Despite criticism and declining approval ratings, Starmer emphasises the necessity of difficult decisions to stabilise the economy and improve public services.The Labour government prepares for its inaugural budget on October 30, hinting at tax increases and spending cuts while ruling out hikes on major taxes.Starmer’s speech comes amidst backlash over the removal of winter fuel payments for…
