Author: Scott Dylan

A recent survey conducted by YouGov reveals concerning perceptions of pay inequality among women in the workplace. The survey coincides with International Equal Pay Day on 18th September.This survey indicates that 36% of women believe they are not paid equally to their male counterparts. This perception persists despite existing legal frameworks mandating equal pay for equal work.Survey FindingsThe survey highlights that only 10% of men believe they are paid more than their female colleagues. This stark contrast underscores the difference in perception between the genders regarding pay inequality.The persistent gender pay gap continues to be a significant concern for many…

AMS Group has achieved impressive revenue growth, boosting its financial position significantly by the first half of 2024.With a focus on expanding high-performing units and strategic acquisitions, AMS is advancing its market position amidst ongoing speculation of a takeover.Strong Revenue GrowthAdvanced Medical Solutions (AMS) Group has experienced a robust increase in revenue, reaching £68m in the first six months of 2024. This growth represents an eight per cent rise compared to the previous period and highlights the significant success of their surgical unit. Such progress offsets the difficulties faced in their Woundcare segment, underscoring the group’s strategic focus on expanding…

Tesco is exploring AI to enhance shopping decisions with cost-effective and healthy options.CEO Ken Murphy unveiled plans to use AI for personalised product recommendations at a recent event.Tesco intends to leverage Clubcard data to guide shoppers towards more economical purchasing opportunities.The AI will also suggest healthier alternatives by monitoring individual consumption trends.A new facility aims to transform surplus food into animal feed, reducing both shopper and operational food waste.Tesco’s CEO, Ken Murphy, has announced that the supermarket chain is investigating the use of artificial intelligence to improve customer shopping experiences by recommending more affordable and healthier products. This announcement was…

MJ Gleeson, a leading housebuilder, has unveiled its financial results, revealing a complex picture of revenue growth yet profit decline. This comes in the context of broader market uncertainties, positioning the company for future growth.Profit Decline and Revenue GrowthThe Sheffield-based housing developer MJ Gleeson has reported a mixed bag of results for the last financial year. Despite a 5.2% rise in revenue to £345.3 million, the company witnessed a significant 21.3% decline in pre-tax profits to £24.3 million. Operating profits also decreased from £33.6 million to £28.6 million. This dip comes amid broader economic uncertainties, yet the firm has continued…

LBG Media, the owner of LAD Bible, reports a notable rise in profits as its global audience nears the 500 million mark. Share prices experienced a significant boost at the commencement of trading.The UK-based digital entertainment firm turned losses into profits, posting £7.1 million in the first half of 2024 from the previous year’s deficit. This growth reflects a consistent upward trend in both revenue and audience numbers.Financial Turnaround and Revenue GrowthIn a remarkable rebound, LBG Media transformed a previous loss of £1.2 million in the first half of 2023 into a profit of £7.1 million for the same period…

Footasylum has reported a significant leap in financial performance for the year ending 27 January 2024.The Greater Manchester-based retailer achieved a more than doubling in pre-tax profit, underscoring its successful strategic initiatives and market expansion.Transformative Financial GrowthFootasylum has demonstrated an impressive surge in its financial performance. The retailer, based in Greater Manchester, reported a significant increase in pre-tax profit, reaching £6 million for the year ending 27 January 2024. This marks an astounding rise from the previous year’s £2.8 million, which illustrates the company’s robust strategic execution and market position.The retailer’s expansion has been driven by the establishment of several…

Mohsin Issa, co-owner of Asda, has decided to step down from his executive role to focus fully on EG Group. This leadership change marks a significant transition for the supermarket giant.Asda continues its search for a new CEO to lead the next phase of its strategic initiatives. This move reflects the company’s commitment to enhancing its market position and operational efficiency.Mohsin Issa Steps Down to Focus on EG GroupIn a significant move for the renowned UK supermarket chain, Asda co-owner Mohsin Issa has decided to step back from his executive responsibilities. This decision allows him to concentrate on his role…

UK retailers have experienced an impressive 40% rise in summer sales, attributed primarily to strategic price cuts that have successfully attracted shoppers. The revenue generated from these sales reached an astounding £40 million, signifying a marked improvement from the previous year’s figures.This surge is further supported by increased consumer engagement, with a significant rise in the number of people opening summer sales emails. As inflation eases and consumer confidence grows, retailers are capitalising on the increased disposable income of shoppers.Revenue and Sales PerformanceOnline retailers have witnessed a remarkable climb in total revenue, reaching £40 million from the previous £33.8 million.…

UK inflation remained at 2.2% in August, but core inflation rose to 3.6%. This divergence has led to varied economic perspectives.The Bank of England is now expected to hold interest rates steady at 5% in its next decision, despite the rise in core inflation.Headline Inflation StabilityDespite the stability in headline consumer prices, core inflation—which excludes volatile elements like food and energy—accelerated from 3.3% to 3.6%, exceeding economists’ expectations of 3.5%.The Office for National Statistics (ONS) highlighted that rising airfares, which jumped by 11.9% year-on-year, were the primary driver of inflation in August. Meanwhile, a decline in fuel prices by 3.4%…

Labour ministers are easing the enforcement of a three-day in-office requirement for civil servants. The policy, initially set by the Conservative Party, is being relaxed to focus on flexible working.This change is part of Labour’s broader agenda to expand flexible working rights, aiming to enhance productivity and spread economic growth. This is a significant shift in policy, impacting thousands of civil servants across the country.While the rule of a three-day office week was introduced under the Conservative government, Labour ministers have indicated they have no interest in strictly policing office attendance. This aligns with Labour’s broader push for flexible working…