Tesco has warned that the UK grocery sector faces an intensifying price battle in the run-up to Christmas, even as it raised its full-year profit forecast after winning market share over the summer. The UK’s largest supermarket group now expects to deliver annual profits of up to £3.1bn, £100m higher than previous guidance, after its decision to cut prices on ...
Series, the viral college networking startup, has appointed a humanoid robot as its Chief Marketing Officer (CMO) — and launched the announcement with a campus-wide takeover at Harvard. The robot, named Uri, is a Unitree G1 humanoid powered by advanced AI and lifelike movement. Last week it paraded through Harvard Square and into the stadium stands during the Harvard vs ...
Jellycat, the British toymaker behind viral plush toys such as sad-faced eggs and smiling peanuts, is set to pay its owners a £110m dividend after profits more than doubled in 2024. The privately owned company reported pre-tax profit of £139m, up from £67m the previous year, as revenues surged 66% to £333m in the 12 months to 31 December, according ...
Tesco has warned that the UK grocery sector faces an intensifying price battle in the run-up to Christmas, even as it raised its full-year profit forecast after winning market share over the summer. The UK’s largest supermarket group now expects to deliver annual profits of up to £3.1bn, £100m higher than previous guidance, after its decision to cut prices on ...
Currys, the UK’s largest electricals retailer, has scrapped its board-level ESG committee, effectively ending formal oversight of environmental, social and governance issues at the highest level of the company. The decision comes as regulation and investor expectations on sustainability tighten across the UK and Europe, raising questions about the message it sends on corporate governance priorities. Although Currys has stressed ...
London’s business community is facing a new and costly challenge. A recent surge in bed bug infestations has created significant headaches for landlords, property managers and small business owners across the capital. From rental flats to serviced apartments and boutique hotels, infestations are spreading faster than many can contain — and the financial consequences are mounting. Reports of bed bugs ...
London’s business community is facing a new and costly challenge. A recent surge in bed bug infestations has created significant headaches for landlords, property managers and small business owners across the capital. From rental flats to serviced apartments and boutique hotels, infestations are spreading faster than many can contain — and the financial consequences are mounting. Reports of bed bugs ...
There have been long-standing concerns about the use of Non-disclosure agreements (NDAs), particularly relating to sexual harassment allegations. Those concerns have grown with the momentum of the MeToo movement. The use of NDAs stands at a critical crossroads. Imminent and future legal reforms are poised to fundamentally alter their scope and enforceability in the context of discrimination and harassment. NDAs ...
The government will fast-track legislation to permanently ban fracking in the UK, in a move designed to block Reform UK’s pledge to revive the controversial practice. Ed Miliband, energy secretary, confirmed the ban will be introduced as part of the North Sea transition plan, due this autumn. Any future attempt to restart fracking would require a parliamentary repeal, forcing MPs ...
Nivoda, the B2B diamond and gemstone marketplace, has secured a $60 million financing facility from i80 Group to provide embedded trade credit to jewellery retailers across more than 70 countries. The deal addresses a critical shortage of working capital in the diamond industry after traditional lenders retreated from the sector, leaving small and mid-sized retailers struggling to finance inventory purchases. ...