Supporting Saudi Vision October 4, 2024 A new strategic alliance between Invescore and Zucchetti promises to bring transformative solutions to the Saudi market. It is a perfect match, one which combines broad international expertise with deep roots in the Kingdom of Saudi Arabia. Zucchetti, the renowned global provider of integrated technology solutions and consulting services, has forged a strategic alliance with [...]
Future of Fintech – Saudi sets out to lead the next fintech revolution October 4, 2024 Saudi fintech is firing on all cylinders as the country sets out to compete on the global stage with the likes of Silicon Valley and Singapore. With digital transformation taking hold across Saudi Arabia’s financial system and beyond, fintech is currently one of the fastest growing industries in the Saudi economy. Crucially, local companies are [...]
Tim Martin warns against pub crackdown as JD Wetherspoon smashes profit expectations October 4, 2024 Profit at JD Wetherspoon over the last year exceeded even the high expectations from the market, bringing in £73.9m of pre-tax profit, compared to expectations of £72m. The chain of pubs reported it had made more than £2bn in sales over the year to the end of July, an eight per cent increase from last [...]
Online discounting gives retail a boost but puts margins under pressure October 4, 2024 Widespread retail discounting boosted online sales growth in September, but has continued to squeeze their already-tight profit margins, according to fresh data. Total retail sales grew by 4.7 per cent compared to September last year and online sales were up by 11.6 per cent, accountancy and business advisory firm BDO’s high street sales tracker found. However, [...]
Footfall at UK retailers improves for first time in over a year October 4, 2024 This was the first time that footfall has shown an improvement since July 2023.
Luxury retail might be struggling globally, but it’s thriving in London October 4, 2024 It’s somewhat surprisingly that luxury retail in London is doing so well, particularly given eye-catching figures about a wider downturn in the luxury market, the effect of the tourist tax, and the potential exodus of high-net-worth non doms from the capital. But while these “handicaps” – particularly the tourist tax – have hampered demand somewhat, [...]
Starmer set to announce £22bn boost for UK carbon capture October 4, 2024 The UK is set to invest almost £22bn over 25 years in carbon capture and storage schemes, Sir Keir Starmer is to announce ahead of the upcoming international investment summit. Projects in Teesside and Merseyside will benefit from the £21.7bn in funding over 25 years, which the government says will attract £8bn in private investment [...]
HS2: Never a cheaper time than now to dig Euston tunnel, rail minister told October 3, 2024 Whether HS2 finishes at Euston or at Old Oak Common, in London's outer suburbs, has been shrouded in uncertainty throughout this year.
Not ‘much to be optimistic about’ in London rental market October 3, 2024 Pressure on the rental market continues to build this autumn despite a cooling market earlier in spring, with more landlords selling up and more tenants looking for short-term homes, according to fresh data. More than three-quarters of agents have seen an increase in the number of tenants searching for properties, while more than half of [...]
Siemens chief hails ‘vote of confidence’ in new £200m train factory October 3, 2024 Siemens today opened its £200m rail manufacturing facility in Goole, East Yorkshire, where it intends to build trains for the Picadilly Line.
