Luxury retailers to push for tax cut acceleration ahead of coronation September 25, 2022 Luxury retailers in the West End are eager to elevate the shopping destination among its global rivals by appealing for tax changes to be accelerated. After the Chancellor suggested VAT-free shopping could boost the retail heartland from 2024 last week, the Association of International Retail said could be introduced in the next six months. The [...]
‘It’s baffling’: Startups slam Barclays’ contract win from Tech Nation September 25, 2022 The tech startup community has pushed back against reports that Tech Nation may be facing threat after the government reportedly handed its £12m contract to Barclays. As first reported by The Sunday Times, the banking titan has nabbed the contract from the entrepreneur network, which is best known for providing support for aspiring founders and [...]
Ericsson pushes back against Russian equipment exports September 25, 2022 Ericsson pushed back against reports that it had continued to export equipment to Russia even after war had erupted in Ukraine. In a statement released over the weekend, the Swedish telecom equipment maker said the initial coverage from media outlet Swedish Radio was “factually incorrect” and disputed claims that it was granted a series of [...]
Three teams take top prize in Minima and EdenBase innovation challenge September 25, 2022 Blockchain network Minima and growth hub EdenBase have announced the winners of a competition designed for app developers.
Avanti asks ministers for relief with train service performance targets September 25, 2022 London to Manchester train operator Avanti has begged ministers to relieve it from performance target deadlines, after struggling with driver shortages. The ailing operator has asked the Department for Transport to greenlight a “force majeure” declaration on its West Coast line, according to The Sunday Times. This would mean Avanti would not have to hit [...]
Truss considers increasing migration to UK to boost economic growth September 25, 2022 Liz Truss is considering plans to increase the number of migrants coming to the UK in a bid to boost economic growth. The Prime Minister wants to bring forward drastic changes to the UK’s visa laws to tackle labour shortages in a move that will likely spark anger within sections of the Conservative party. The [...]
Truss’ migrant plan a welcome triumph for pragmatism over ideology September 25, 2022 On the face of it, you can see why those sitting in European capitals might scoff at Liz Truss’ plan to open up the door to higher migration in order to assist Britain’s growth push. After all, the vote for Brexit – perhaps not for its architects but unquestionably for many of those who put [...]
River Island looks to break America with ‘long term’ plan September 25, 2022 River Island is readying to make its first physical footprint across the pond, after online sales have surged in the US. US sales are now several times bigger than pre-pandemic levels, according to the fashion firm’s chief executive Will Kernan. After the brand has seen surging popularity in locations such as California, New York, Texas [...]
Investors to examine retailers’ books for signs of spending slump September 25, 2022 Investors will be parsing over a slew of results from top retailers for signs of a slowdown in consumer spending in response to an economic slump. London’s premier FTSE 100 index notched a poor performance last week, shedding 3.62 per cent to close at 7,018.60 points, mainly driven by a sharp sell off on Friday [...]
Vodafone mulls £12bn phone mast sale to drive down debt September 25, 2022 Vodafone is looking to sell off its phone mast division, just days after French telcos giant Xavier Niel snapped up a stake in the firm. According to reports from This is Money, the £12bn sale could clear the company’s £36m debt, and ignite investor confidence in the beleaguered stock, which has tumbled nearly 14 per [...]
