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.
The investment platform “Shares,” backed by Serena Williams and Peter Thiel, has ceased its UK operations.Launched in May 2022, Shares raised $40 million for UK and EU expansion.Despite its backing, the app experienced increased financial losses, totalling £16.1 million in 2023.A strategic decision was made to focus on France and the EU, leading to its cessation in the UK.This marks another case of a star-backed investment app facing closure after initial excitement.The UK-based investment app “Shares,” supported by prominent figures like Serena Williams and Peter Thiel, has recently announced the termination of its business activities in the UK. Launched initially…
Tesco is introducing an innovative facility to handle surplus food efficiently.The facility is designed to convert surplus food into animal feed, processing up to 1,000 tonnes weekly.Tesco collaborates with RenEco to develop this revolutionary project in Northamptonshire.This initiative focuses on bakery and fresh produce, with separate processing for meat and fish.The facility will also accept waste from other retailers, promoting industry-wide cooperation.Tesco is set to make significant strides in food waste management through the creation of an innovative facility capable of processing 1,000 tonnes of surplus food each week into animal feed. This initiative is aimed at revolutionising the manner…
Planning approval granted for the redevelopment of Croydon’s Allders building.Unibail-Rodamco-Westfield leads the revitalisation project with new shops and eateries.The restoration maintains the building’s historical façade.Plans mark the first step in a broader redevelopment initiative.Croydon’s mayor supports the revitalisation efforts to enhance local pride.The historic Allders department store in Croydon is set to undergo significant redevelopment following the approval of plans by local authorities. Unibail-Rodamco-Westfield (URW) has been entrusted with breathing new life into this iconic site, which has been a cornerstone of Croydon since its establishment in 1862 until its closure in 2013. The redevelopment scheme, which was recently greenlit…
Google has voiced significant concerns over Microsoft’s cloud practices, alleging impacts on customer choices in the UK cloud market.The tech giant argues Microsoft’s licensing restrictions could skew the cloud market, limiting competition at a critical time for cloud services.Amazon’s AWS supports Google’s claims, criticising Microsoft’s past conduct and the perceived artificial barriers it creates in the cloud industry.The UK Competition and Markets Authority (CMA) is investigating these allegations amidst broader concerns over market dominance by major providers.Microsoft defends its position, citing high customer satisfaction and dynamic market conditions, rejecting claims of anti-competitive practices.Google has issued a rare public challenge to…
The Scotch Whisky Association (SWA) urges the UK government to reduce tax burdens and support Scotch producers amid declining exports.Export value of Scotch whisky decreased by 18% in the first half of 2024 compared to 2023.Volume of Scotch whisky exports fell by 10.2%, highlighting significant challenges for the industry.SWA pushes for UK-India Free Trade Agreement to reduce the high 150% tariff impacting export growth.Chief executive Mark Kent stresses the need for government support to overcome short-term volatility.The Scotch Whisky Association (SWA) is urging the UK government to alleviate the tax burdens on Scotch producers, which have been exacerbated by the…
Freetrade reports a successful half-year profit, marking a significant milestone for the UK-based investment platform.The firm recorded a revenue of £13m, experiencing a 34% increase from the same period in 2023.Gross profits reached £12.3m, moving from a previous adjusted loss of £5.6m to a profit of £91,000.A 33% increase in assets under administration contributed to the revenue surge, according to CEO Viktor Nebehaj.The company has shifted focus to the UK market, withdrawing from its only international operation in Sweden.The British investment platform, Freetrade, marked its first significant profit milestone for the first half of the year. The company reported a…
Moonpig has announced a partnership with The Entertainer, expanding its offering with a curated range of toys.This collaboration will allow customers to purchase toys alongside personalised cards on Moonpig’s platform.The toy selection includes popular brands like Paw Patrol, Barbie, and Squishmallows, aimed at various gifting occasions.The Entertainer’s ‘Toy Box’ service aids retailers in customising their toy offerings for diverse needs.David Rimmer from Moonpig emphasises the strategic enhancement of their brand through this new range.Moonpig, a prominent name in the online personalised card and gift market, has partnered with The Entertainer, the UK’s largest independent toy retailer, to offer a curated…
The UK’s communications regulator, Ofcom, is taking action against misleading broadband terminology used by telecoms providers.Telecom companies are now required to clearly distinguish between ‘full-fibre’ and ‘part-fibre’ networks in their advertisements.The term ‘fibre’ has historically been used inconsistently, leading to consumer confusion regarding broadband services.More than half of UK households now have access to full-fibre broadband services, according to recent data.Industry leaders, such as the CEO of G.Network, support Ofcom’s efforts to promote transparency and consumer empowerment.The UK’s communications regulator, Ofcom, has implemented a decisive measure to address the misleading use of ‘fibre’ in broadband advertisements. Providers must now provide…
Britain faces potential economic loss with Unilever’s ice cream listing at risk of moving to the Netherlands.The absence of a dedicated investment minister in the UK is viewed as a contributing factor to this risk.Gerry Grimstone, former investment minister, emphasises the necessity of appointing a suitable candidate promptly.The Netherlands is actively engaging with Unilever to secure the listing on the Euronext exchange.Unilever’s strategic decision to spin out its ice cream brands is intended to enhance business focus and performance.The UK stands on the brink of losing a significant economic opportunity as Unilever’s £15bn ice cream listing may be relocated to…
Waitrose has enriched its premium No.1 Indian ready meal lineup with seven new offerings, reflecting growing consumer interest in Indian cuisine.A notable increase in searches on Waitrose.com for ‘Indian meal for two’ and ‘Indian food’ highlights consumer demand, up 315% and 69%, respectively, from last month.The launch includes dishes such as Ruby Chicken Masala and Slow Cooked Beef Madras, aimed at offering authentic culinary experiences.Product developer Manisha Kotecha emphasizes the quality and authenticity of the meals, echoing a broader relaunch strategy of Waitrose’s premium range.Social media trends further support this expansion, with significant growth in searches for ‘Indian curry’ and…
