Asos: Loss widens but company optimistic on growth November 5, 2024 Asos has reported a steep drop in revenue but said its restructuring has created the foundations for a return to growth. The e-commerce giant reported an operating loss of £331.9m for the year to 1 September 2024, up £83.4m from a loss of £248.5m in 2023. Like for like, revenue fell by 16 per cent [...]
Mel Stride and Priti Patel given top shadow cabinet jobs November 4, 2024 Mel Stride and Dame Priti Patel have been appointed as shadow Chancellor and shadow foreign secretary as new Tory leader Kemi Badenoch assembles her front-bench team. Both Stride and Patel ran against now-Conservative leader Badenoch in the race to replace Rishi Sunak following the July 4 election. Their appointments are the first to shadow the [...]
Reeves should be ‘thankful’ for avoiding Truss-style market crisis, analysts say November 4, 2024 Rachel Reeves should be “thankful” for avoiding the same fate as Liz Truss after the government's inaugural Budget triggered turmoil in the gilt market last week, analysts have said.
Employers wake up! Your staff are already using AI in the office November 4, 2024 Employees are outpacing their own employers when it comes to using AI. It's time for companies to catch up, writes Lorraine Barnes.
Data centres: The UK’s economic powerhouse? November 4, 2024 A new report claims that, given the right investment climate and policy support, the UK data centre sector could grow tenfold by 2035. TechUK’s report found that the sector could boost the economy by £44bn while creating over 40,000 jobs. The report also outlined how surging demand for digital services, fuelled by tech trends such as AI, [...]
Top economists cast doubt on Reeves’ Budget growth pledge November 4, 2024 Top economists are split on whether last week's Budget will deliver a boost to the UK economy over the next five years, a City AM poll has revealed, as the Chancellor tries to calm markets.
Badenoch wants a battle of ideas – we should wish her well November 4, 2024 One week before emerging victorious in the Conservative leadership race, Kemi Badenoch was asked by Sophy Ridge on Sky News whether she wanted to be Prime Minister. “I don’t think it’s about wanting to be prime minister,” she said, adding, “I think it’s not an award. It’s not like winning a competition. It’s actually a [...]
As America goes to the polls, the world holds its breath November 4, 2024 Tomorrow is decision day in America, but with the polls on a knife-edge it’s not clear if there’ll be a decisive victor… or if both sides will even accept the result, says Eliot Wilson Tomorrow more than 240m Americans can cast their votes for the next President of the United States. Many have already done [...]
How Shared Ownership can help Londoners escape high rents November 3, 2024 If you’re looking to get on the housing ladder then a range of new Shared Ownership properties (some in Zone 1) appeal this autumn Fears of a rise in stamp duty for first time buyers were allayed yesterday when Chancellor Rachel Reeves announced the rise would only affect second home buyers. The news means landlords [...]
Fujitsu won £1.4m in public contracts since pledge to stop bidding November 3, 2024 Fujitsu, the firm at the heart of the Post Office scandal, has been given £1.4m in public sector contracts since it pledged to stop bidding for them. The technology company voluntarily agreed in January not to bid for any further awards until the Post Office inquiry had been concluded. However, the commitment did not cover [...]