Author: Scott Dylan

Data reveals a notable increase in applications to state schools in anticipation of a proposed tax hike on private school fees. With the UK government planning to introduce a 20% VAT on private education, many parents are opting to transfer their children to state institutions, leading to potential overcrowding issues.In Surrey, nearly 600 enquiries were recorded over a two-week period last month, according to information obtained by The Telegraph. Surrey County Council reported receiving 582 email queries from private school parents between 4 and 19 June, seeking details on vacancies in local state schools. The actual number is likely higher,…

Premium fashion brand Pangaia debuts its first standalone UK store, enhancing Carnaby Street’s retail landscape.Located at 57 Carnaby Street, the 1,500 sq ft shop joins retailers like Omnes, Sweaty Betty, and Puma.The store features a minimalist design with sustainable elements, including a planter and a blue installation.Pangaia’s CEO highlights the store’s mission of promoting purpose-driven fashion and reconnecting with nature.Property manager Shaftesbury Capital praises Pangaia for its innovative contributions to the retail environment.Premium unisex fashion brand Pangaia has officially opened its first standalone UK store at 57 Carnaby Street, London. This 1,500 square foot retail unit places Pangaia alongside established…

Concerns are rising within the UK business community as Labour considers changes to inheritance tax relief.Over 3,000 family-run enterprises may face higher inheritance tax bills annually if business relief is scrapped.The Institute for Fiscal Studies (IFS) indicates that current business relief on inheritance tax saves companies £1.4bn each year.Family Business UK (FBUK) calls for assurances from the Labour Party to prevent potential business closures and job losses.Labour’s stance on inheritance tax reform remains unclear, causing anxiety among small businesses as the election nears.Family Business UK (FBUK) has raised alarm over Labour’s potential overhaul of inheritance tax relief, which may result…

Hugo Boss has revised its financial outlook for fiscal 2024 due to a challenging second quarter, impacting its previous projections.The company now anticipates a modest sales increase of 1% to 4%, down from an earlier projection of 3% to 6%.Earnings Before Interest and Taxes (EBIT) are expected to change between -15% and +5%, significantly below previous expectations.Second quarter global sales dipped by 1%, with notable declines in EMEA and Asia/Pacific, despite growth in the Americas.Retail sales fell by 2% amidst lower store traffic, though wholesale sales saw a modest rise of 5%.Hugo Boss has revised its financial predictions for 2024,…

Lloyds Banking Group, the largest mortgage lender in the UK, has embarked on a significant initiative to repurpose its old properties into desperately needed social housing.Following a comprehensive reassessment of its property portfolio in the wake of the pandemic, Lloyds identified several properties suitable for conversion into social housing. The first confirmed project is located in Pudsey, near Leeds, where an existing data centre will be closed, with staff relocating to nearby offices. The conversion plan involves securing planning permissions and subsequently selling the property to a developer at a reduced price, contingent on its use for social housing rather…

Shares of Trump Media & Technology Group (TMTG) saw a dramatic surge following an assassination attempt on former President Donald Trump. The incident took place during a rally in Pennsylvania.The company, which owns Truth Social, experienced a 31.8% rise in shares, translating to a paper profit of $1.3 billion for Trump, who holds a majority stake. This article delves into the factors behind this surge and its broader market implications.At the opening bell, TMTG shares skyrocketed by 37%, closing the day up by 31.8% at $40.78 per share. This surge, amounting to a $9.83 increase per share, highlights the market’s…

The second edition of Pure London x JATC took place at Olympia London, featuring over 160 brands.The event saw a higher attendance on Monday, despite various competing events on Sunday.Newcomers like Stryte and established brands like Goose Island benefited from buyer engagement.Top brands and independent retailers utilised the event for business and networking.The collaborative format of Pure London and JATC gained positive feedback for content and accessibility.The spring/summer 25 edition of Pure London x JATC was held from 14-16 July at Olympia London. This event, held alongside the premium womenswear show Scoop, marked the second iteration of the hybrid trade…

A recent study reveals a striking paradox in the realm of remote working. Despite calls from leadership for employees to return to the office, only a small percentage of CEOs are doing the same.This revelation has sparked debates on leadership hypocrisy and the practicality of full-time office attendance, especially in the wake of flexible working benefits.The CEO Working ParadoxIn a recent study conducted by workspace provider IWG, it was revealed that only 7% of CEOs spend five days a week in their central offices. This statistic becomes even more intriguing when considering that a significant portion, around one-quarter, of these…

Primark, a leading high street fashion retailer, has appointed Nigel Jones as its new Chief Operating Officer (COO).Jones brings a wealth of international retail experience from his previous roles at Tesco and Whitbread.He will oversee Primark’s technology, supply chain, logistics, and business transformation.CEO Paul Marchant expressed enthusiasm about Jones’s appointment and his global expertise.The appointment is set to support Primark’s expansion across 17 markets.Primark, a prominent name in high street fashion, has announced the appointment of Nigel Jones as its new Chief Operating Officer (COO). Jones, who transitions from a significant leadership role at Whitbread, is expected to leverage his…

The recent initiatives by the Chancellor to reduce planning red tape have set the stage for an anticipated rush in green belt development. Property developers and landowners are gearing up to capitalise on these changes. The UK’s housing market could soon witness a significant transformation.Phones are ringing off the hook as housebuilders, landed estates, and property companies scramble to take advantage of the Chancellor’s measures to unlock green belt land for development. This initiative aims to ‘get Britain building again’. Jon Stoddart, head of London and South East planning at CBRE, remarked, ‘We have been inundated. It almost feels like…