Author: Scott Dylan

THG is advancing with plans to spin off its tech platform, Ingenuity, to boost shareholder value. The exact timing for this demerger remains undecided. Despite a profit increase of 1.6% for the first half of the year, THG’s sales saw a decline. Ingenuity’s revenue significantly bolstered the company’s financial position. THG anticipates renewed sales growth in Q3.THG is moving forward with the separation of its technology platform, Ingenuity, as part of its strategic aim to maximise shareholder value. The corporation is currently examining various structures to implement this demerger, although a specific timeline has not yet been established.For the half-year…

Marcegaglia Stainless Sheffield has announced a substantial £50 million investment in a new Electric Arc Furnace (EAF), which is expected to be operational by mid-2026.This strategic investment aims to significantly enhance the plant’s productivity and environmental performance, while also creating 50 new jobs in the South Yorkshire region.Significant Investment for Enhanced ProductivityMarcegaglia Stainless Sheffield is set to make a substantial investment of £50 million in a new Electric Arc Furnace (EAF), slated to be operational by mid-2026. This new state-of-the-art furnace will significantly enhance the plant’s productivity, boosting its annual capacity to over 500,000 tonnes of stainless steel products. The…

Kingfisher’s revenue exhibited growth in its half-year period, although demand for large-value items faced challenges.B&Q, a key player under Kingfisher’s umbrella, experienced an 11.6% drop in big ticket sales, impacting overall performance.Despite this, group sales slightly decreased by 1.8%, while statutory pre-tax profit recorded a modest increase of 2.3% to £324 million.The DIY sector showed resilience with UK like-for-like sales barely dipping, but French operations saw a more significant downturn.Ecommerce and trade sales offered bright spots, demonstrating strong growth and substantial contributions to B&Q’s revenue.Kingfisher, the parent company of B&Q, managed to achieve an increase in profit despite a significant…

Plans unveiled to pedestrianise a section of Oxford Street.The proposal aims to revitalise Britain’s most famous retail street.A new 0.7-mile pedestrian zone is planned between Oxford Circus and Marble Arch.The changes exclude buses and taxis from traffic restrictions.The project will begin this autumn, spearheaded by Westminster City Council and NWEC.London Mayor Sadiq Khan has announced plans to pedestrianise a portion of Oxford Street, one of the world’s busiest shopping destinations. Approximately half a million people visit this area daily, highlighting its significance as a commercial hub. Khan’s initiative is aimed at rejuvenating this iconic retail district, which has endured a…

The launch of KC Global Partnerships marks a strategic move in the talent and partnerships sector.KC Global Partnerships, founded by Umar Kamani and Naomi Campbell, is located in Dubai.The agency aims to forge connections between talents, brands, and celebrities.Key appointments include Amy Simon as PR Director and Sufeena Hussain as Partnerships Director.This venture follows Kamani’s recent return to PrettyLittleThing as CEO.Umar Kamani, founder of PrettyLittleThing, and renowned supermodel Naomi Campbell have embarked on a new business venture, establishing a talent and partnerships agency in Dubai, aptly named KC Global Partnerships. This initiative is strategically positioned to leverage the thriving environment…

Mayor Sadiq Khan has announced plans to make Oxford Street pedestrian-only.This move aims to revitalise the street as a premier shopping destination.Previously proposed plans faced opposition due to concerns about public transport.The creation of a mayoral development area could grant Khan the authority needed.The changes seek to increase footfall, spending, and tax revenue.Mayor Sadiq Khan has unveiled plans to transform London’s Oxford Street by eliminating vehicular traffic, aiming to restore its status as a world-renowned shopping hub. The pedestrianisation proposal addresses long-standing debates and opposition, primarily from Westminster Council, due to concerns over public transport rerouting.The plan anticipates economic revitalisation…

Henry Boot PLC, a notable developer based in Sheffield, is observing a resurgence in its primary markets despite witnessing a substantial revenue decline.The company’s financial report for the first half of 2024 highlights a revenue drop from £179.8 million to £106 million, with operating profits falling from £25.7 million to £5.9 million.Henry Boot PLC reported a notable decrease in its financial performance for the first half of 2024. Revenues fell sharply, declining from £179.8 million in the same period last year to £106 million, while operating profits were significantly reduced from £25.7 million to £5.9 million. This decline was attributed…

Harworth Group, a leading development company in Yorkshire, has accomplished a significant corporate milestone with its induction into the FTSE250 index. This achievement reflects the company’s robust growth and strategic expansion in the property sector.Yorkshire’s Harworth Group has announced its inclusion in the prestigious FTSE250 index, marking a major achievement for the company. This elevation underscores Harworth’s ongoing commitment to sustainable growth and strategic leadership in regional development projects. The company’s recent financial report, indicating a significant rise in operating profit, aligns with this milestone, reinforcing its strong market position and investor confidence.The company’s recent six-month financial results showed an…

Black Friday is evolving beyond merely following trends. The stakes are higher, and strategic preparation is crucial.Retailers are urged to adopt a strategic approach to stay ahead of the heightened competition this Black Friday.A comprehensive calendar featuring over 75 essential tasks has been introduced to guide Black Friday campaigns.Tailored campaign suggestions based on audience demographics, chosen channels, and specific dates are available for retailers.Loyalty strategies are highlighted as a means to sustain customer engagement beyond Black Friday.Black Friday has transitioned from a simple sales event to a strategic battleground for retailers. With rising competition, retailers are being prompted to move…

Learning Technologies Group (LTG) has revised its revenue forecasts due to economic factors.High inflation and AI adoption have led to a 12% revenue decline for LTG.LTG’s full-year revenue guidance is adjusted to £473m – £493m.CEO Jonathan Satchell highlights challenges posed by market softness, yet remains optimistic.LTG is driving efficiencies and portfolio simplification as part of its strategic response.Learning Technologies Group, a London-based edtech company, has recently revised its revenue forecasts, attributing this decision to the impact of high inflation and the widespread adoption of artificial intelligence. The company’s revenue for the first half of the year fell by 12%, reaching…