Author: Scott Dylan

Planks are recognised by fitness professionals as an excellent method to enhance core muscles and overall body strength. Regardless of age or fitness level, anyone can reap the benefits of this versatile exercise. With various plank styles available, adjusting the intensity to suit individual needs is achievable. Initially intimidating, planks can be modified for easier or harder execution.The Essence of PlankingPlanks have gained prominence as the go-to core exercise, surpassing traditional crunches and sit-ups. Their primary appeal lies in minimal spinal strain, offering a safe alternative to other core workouts. Engaging various muscle groups, planks not only fortify your core…

DP World is trialling a carbon reduction initiative to cut emissions at UK logistics hubs.The Carbon Inset Programme begins on 1 January 2025 and will last for six months.Importers earn carbon credits for each loaded container passing through DP World’s UK terminals.The initiative encourages reduction of indirect, or Scope 3, emissions in supply chains.DP World aims for significant reductions in marine fuel-related carbon emissions.DP World has initiated a pivotal programme aimed at reducing carbon emissions at its UK logistics hubs, specifically London Gateway and Southampton. This trial, known as the Carbon Inset Programme, is set to commence on the first…

The UK’s Payment Systems Regulator (PSR) proposes a cap on cross-border card fees, expressing concerns over recent fee hikes.Visa and Mastercard have increased their interchange fees significantly, impacting UK businesses and consumers financially.The PSR attributes these hikes to a lack of competition, costing businesses an estimated £150-200 million more annually.While Brexit legally allowed fee increases, Mastercard argues other factors justify the hikes, questioning the PSR’s authority.The PSR seeks to implement an interim cap pending further analysis, with consultation closing on 7 February 2025.The UK’s Payment Systems Regulator (PSR) has raised alarms concerning the rising cross-border card fees imposed by Visa…

As 2024 concludes, the retail sector witnessed significant executive changes affecting prominent companies.Allan Leighton returned to helm Asda’s recovery, stepping in as executive chair.Jason Tarry stepped in to lead John Lewis, focusing on modernisation and turnaround.Ex-M&S director Paula Nickolds took charge of The White Company amidst its growth phase.Mohsin Issa stepped back from an Asda leadership role after performance criticisms.In 2024, the retail industry was marked by notable leadership changes, reflecting broader transformation within major companies. Allan Leighton, a familiar name in the sector, resumed his role at Asda as executive chair. Leighton is tasked with restoring Asda’s core values…

Harrods employees, represented by UVW, plan strikes on key December dates due to a pay dispute.Workers seek improved pay and conditions, stating lack of engagement from management as a reason for striking.The potential strike days are 21, 22, and 26 December, impacting crucial shopping periods.Grievances include absence of bonuses, excessive workloads, and low pay amid high executive payouts.Harrods management acknowledges staff contributions but prefers direct dealing with employees over union engagement.Harrods staff are planning industrial action during vital pre-Christmas and Boxing Day periods due to unresolved pay disagreements. These employees, supported by the United Voices of the World (UVW) union,…

Boohoo Group is set to reduce its workforce as part of cost-saving efforts announced by the new CEO.Approximately 200 employees at Boohoo’s Manchester head office may lose their jobs, affecting various departments.The job cuts are aligned with a strategy to recover financial losses of £147.3 million over six months.CEO Dan Finley has already implemented £30 million in cost savings, with more projected.Boohoo is also addressing governance disputes raised by Frasers in recent communications.Boohoo Group has initiated a process that could potentially result in around 200 job losses at its Manchester head office. This decision forms part of a broader effort…

The dispute between Boohoo and Frasers intensifies as governance issues take centre stage.Boohoo defends its position against Frasers’ shareholder letter, describing actions as ‘desperate.’Frasers criticises Boohoo’s governance demands, calling them unprecedented and lacking legal basis.Boohoo’s advisor opposes appointments of Mike Ashley and Mike Lennon, citing adverse shareholder impact.Upcoming shareholder vote looms, with Boohoo’s opposition to Frasers’ nominees at the forefront.In a significant escalation of tensions, Boohoo has publicly criticised Frasers’ recent open letter to shareholders, categorising it as a ‘desperate’ move. The controversy arises from Boohoo’s rejection of Frasers’ proposed board appointments, which includes well-known figures like Mike Ashley. According…

Molten Ventures has significantly reduced the valuation of its stake in Thought Machine, a fintech firm, impacting its London IPO ambitions.Molten Ventures VCT reported a near 40% decrease in Thought Machine’s value from March to September 2024, falling to £5.9m.This change suggests a decreased return on investment multiple for the company, moving from 4x to 2.5x in potential exits.The valuation cut is attributed to contracts not yet being signed, although growth potential is still seen by Molten Ventures.Founder Paul Taylor expressed determination to pursue a London IPO, despite challenges, citing investor influence.In a notable financial adjustment, Molten Ventures, a British…

Shein’s planned IPO faces delays due to supply chain challenges, raising concerns about labour practices.The UK’s financial regulator is scrutinising Shein’s supply chain and assessing potential legal risks.Advocacy groups have launched challenges against the IPO, alleging use of forced labour in the supply chain.China’s regulatory approval is also pending, anticipated post the UK’s decision.Shein reported significant profits amidst these regulatory hurdles, outlining its market prominence.Shein’s highly anticipated initial public offering (IPO) is encountering delays due to ongoing investigations and concerns over its supply chain practices. The UK’s Financial Conduct Authority (FCA) is taking a closer look at the company’s supply…

Selfridges’ £4bn acquisition is now viewed as overpriced by its co-owner, amid global economic shifts.The executive chairman of Central Group, Tos Chirathivat, admits the acquisition price was significant.Increased global interest rates have been a crucial factor in this reassessment.Central Group intends to revitalise Selfridges despite acknowledged challenges.Plans are underway to transform Selfridges into a leading global department store.In a candid reflection, Tos Chirathivat, the executive chairman and CEO of Thailand’s Central Group, has acknowledged that the £4 billion price paid for the acquisition of Selfridges, alongside several other European luxury department stores, may have been excessive. This admission comes against…