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Author: Scott Dylan
Scott Dylan, Founder of NexaTech Ventures, is an entrepreneur and investor, offering expert insights on AI, technology, and business transformation across global industries.
A spectacular celestial event unfolded as sky-gazers worldwide witnessed a partial lunar eclipse coinciding with September’s full harvest supermoon.The moon reached its peak fullness at 10:35 p.m. ET on Tuesday, presenting a stunning visual display that continued to captivate onlookers through Thursday morning.The Phenomenon of the Supermoon EclipseThe partial lunar eclipse created an unusual sight, making the moon appear as if a bite had been taken out of it. This occurs when Earth moves between the sun and a full moon, but imperfect alignment prevents a total eclipse.This celestial event was observable across several continents, including Europe, Asia, Africa, North…
Made In Britain is calling on Members of Parliament (MPs) from all political parties to support domestic manufacturers ahead of the Labour Party Conference.The organisation aims to foster cross-party collaboration to drive policies that boost the British manufacturing sector.Made In Britain is urging MPs to identify and engage with manufacturers in their constituencies, recognising their role in local innovation and job creation.The organisation is highlighting the need for policies that prioritise supply chain resilience and sustainability within the manufacturing sector. This includes encouraging the use of recycled and reusable materials.The Autumn British Manufacturing Barometer will provide MPs with insights into…
Argos has announced its eagerly awaited list of top toys expected to dominate Christmas wish lists in 2024. This year’s selection includes a blend of nostalgic and modern favourites, reflecting diverse influences. Iconic toys, TV characters, and mindfulness products feature prominently. Additionally, independent play products are gaining attention. The list was curated by expert analysis of emerging trends.Argos, a leading retailer, has unveiled its annual list of top toys anticipated to be highly sought after during Christmas 2024. This carefully curated selection draws on months of analysis by Argos’ team of toy experts, ensuring that it reflects both current trends…
BioGrad is undertaking a major expansion with the opening of a new office in Yorkshire, backed by a £3 million investment.This move is part of BioGrad’s broader national growth strategy, positioning the company at the forefront of scientific and healthcare innovation.BioGrad, a leading laboratory technology firm, has announced the opening of a new research and teaching office in Yorkshire. This development is driven by a substantial £3 million investment aimed at solidifying BioGrad’s presence in key scientific sectors. The investment will bolster BioGrad’s role in science, healthcare, regenerative medicine, and clinical research in the region.As a result of its strategic…
In a significant move, Waitrose has announced a further investment of £10 million to lower prices on nearly 250 premium products. This initiative is part of their ongoing effort to provide value to their customers.Over the past 18 months, Waitrose has invested £140 million in price cuts, reinforcing its commitment to affordability.This is the sixth instance where Waitrose has reduced prices on a multitude of items since February 2023.The price reductions impact both the No.1 and Duchy organic product ranges, popular among customers.Specific products, such as white sourdough loaf and vintage Cornish cheddar, are among those with noticeable price reductions.Waitrose,…
Sunderland’s latest initiative sees 14 gaming startups, including four from the North East, join an esports accelerator. The programme, aimed at driving sector growth, provides startups invaluable guidance from industry experts.With the backing of Sunderland Software City and British Esports, the accelerator promises to enhance the tech ecosystem in Sunderland. This eight-week course covering key business strategies culminates in a presentation to investors.Launch of the Sunderland Esports Accelerator ProgrammeIn a strategic initiative to bolster the esports sector, British Esports in collaboration with Sunderland Software City (SSC) has selected 14 promising startups for an accelerator programme hosted at the National Esports…
OVO Energy, the UK’s fourth-largest energy provider, has reached a settlement agreement with Ofgem after being found responsible for excessive delays in resolving customer complaints.The regulatory investigation uncovered significant compliance issues, prompting OVO to agree to a £2.37 million payout, which includes direct compensation for affected customers and a contribution to a consumer redress fund.Ofgem’s investigation revealed delays in OVO Energy’s resolution of customer complaints, with some cases left unresolved for up to 18 months. This breach of standards prompted the energy supplier to acknowledge shortcomings. Furthermore, the company failed to comply with certain rulings by the Energy Ombudsman, necessitating…
Labour’s proposed expat exit tax has received significant criticism. Experts from leading advisory firm Blick Rothenberg have voiced concerns. They suggest the tax could deter foreign investment in the UK.This article explores the implications of the proposed tax, drawing on expert opinions and comparing international tax regimes. It examines how these changes may affect wealthy expats and the UK economy.Vanesha Kistoo, Head of Blick Rothenberg’s French Desk, has described the proposed tax as “deeply flawed” and fiscally counterproductive. She suggests that it would discourage wealthy expats from moving to or staying in the UK. According to Kistoo, the aim of…
In recent developments, Chancellor Rachel Reeves has suggested major tax reforms that could substantially increase capital gains tax for landlords.These changes propose aligning capital gains tax rates with income tax rates, potentially raising current bills by up to 67%.Proposed Tax ChangesChancellor Rachel Reeves has proposed new tax reforms that could significantly impact UK landlords. The proposed changes aim to align capital gains tax (CGT) rates with income tax rates, a move that would dramatically increase the financial burden on property owners. According to estate agent Hamptons, the average CGT bill for property sales after 20 years of ownership is currently…
Scamp & Dude has unveiled its largest store in St Ann’s Square, Manchester, marking a significant milestone for the brand.The Manchester store spans 1,938 sq ft and follows the initial success of a pop-up location at Trafford Centre.Their expansion includes a new store in Brighton, opening in October, which features innovative design elements.Founder Jo Tutchener-Sharp expresses enthusiasm for connecting with the community through the new store spaces.The brand reports a notable 32% increase in turnover, amounting to £15m in 2023.Scamp & Dude has made a strategic move by opening its largest store in St Ann’s Square, Manchester. This development follows…