Author: Scott Dylan

Northern Lithium is gearing up for a substantial £6 million fundraising campaign. This move comes on the heels of successful trials that significantly advanced the company’s lithium production capabilities. The company plans to attract small investors via Crowdcube and high net worth individuals, reflecting its aim to broaden its financial base for future growth.Northern Lithium is set to embark on a significant fundraising initiative, aiming to secure £6 million. This follows the company’s successful 30-day lithium brine pump testing programme, which has marked a considerable advancement towards commercial production. The company plans to use the Crowdcube platform to attract small…

Transport for London (TfL) has experienced a cyber attack leading to potential data breaches.Customer bank details, including account numbers and sort codes, may have been accessed.The National Crime Agency has arrested a 17-year-old in connection with the incident.TfL is collaborating with the National Crime Agency and National Cyber Security Centre to investigate.Additional security measures have been implemented by TfL to mitigate future risks.Transport for London (TfL) has recently suffered a cyber attack that may have compromised the personal and financial details of its customers. Following an investigation, the National Crime Agency (NCA) has confirmed the arrest of a 17-year-old male…

In a significant move, BNP Paribas Personal Finance UK is set to relocate its headquarters to the Air building in Solihull town centre. This strategic decision is aimed at accommodating growth and providing a modern working environment for its employees.The new office space will cover 25,000 sq ft and host around 800 staff. This relocation is aligned with the company’s recent expansion and future ambitions, offering a state-of-the-art workspace to support continued development.A Strategic RelocationBNP Paribas Personal Finance UK has finalised plans to relocate its headquarters to Solihull. The new office will be situated at the Air building in the…

The return of John Lewis’s price promise has seen exceptional results, according to recent reports.John Lewis reinstated its ‘Never Knowingly Undersold’ pledge, initially withdrawn two years ago.Traffic to John Lewis’s website has significantly increased, with 55,000 more organic visits daily.AI technology is now employed to match prices with competitors, improving the pledge’s effectiveness.John Lewis is enhancing its customer offerings, including a joint loyalty programme with Waitrose.The recent revival of John Lewis’s ‘Never Knowingly Undersold’ pledge has been met with notable success. The department store chain, which had strategically withdrawn the promise two years prior, decided to relaunch it recently due…

In a significant move for the rental sector, the UK Government has introduced the Renters’ Rights Bill in Parliament. The bill has received positive feedback from major landlords, highlighting its potential to improve the rental market.Grainger, the UK’s largest listed residential landlord, expressed strong support for the bill. Their endorsement is based on the bill’s focus on raising rental standards without imposing rent control, which aligns with their longstanding advocacy for tenant protection.Overview of the Renters’ Rights BillThe Renters’ Rights Bill aims to reform the private rental market and enhance tenant protections. This legislation seeks to address issues that have…

The completion of Cardiff’s extensive brownfield regeneration project, spanning over a decade, has successfully resulted in the creation of 800 affordable homes.This transformative initiative, on the site of the former Arjo Wiggins paper mill in Ely, stands as a testament to collaborative efforts and sustainable development.One of the largest brownfield affordable housing projects in Wales has reached its final phase. The Mill development, situated in Cardiff’s Ely area, has taken over ten years to complete.The £150 million project benefited from a balanced partnership involving the Principality Commercial, Welsh Government, Tirion Homes, Lovell, and Cadwyn Housing Association. These partnerships played a…

The Supreme Court has delivered a pivotal ruling against Tesco, preventing the termination of employee contracts to revoke retained payment rights. This decision follows a prolonged legal dispute, highlighting key issues around contractual obligations and employment rights.The battle began in 2021, culminating in a Supreme Court verdict in favour of the employees and the trade union, Usdaw. Tesco’s attempt to modify employment terms by withdrawing retained pay was deemed unlawful. The ruling has significant implications for employers and employees in the retail sector.Implications of Retained PayRetained pay is a mechanism employed to incentivise staff to remain with a company. In…

In a significant policy shift, the Bank of England has revised its proposed plans for overhauling the UK banking system. This move comes in response to industry feedback and promises to support growth and competitiveness.Officials have confirmed that changes to tier one capital requirements for major UK firms will remain almost unchanged, with an aggregate increase of less than one per cent from January 2030. This adjustment is notably less severe than previous estimates.Capital Requirements and Implementation TimelineThe Bank of England announced that the tier one capital for major UK firms would see an aggregate increase of less than one…

Fevertree, the premium drink mixer brand, reported a mixed performance in the first half of the year. The company saw a modest revenue growth overall but faced regional disparities in sales figures.While the US market exhibited strong growth, the UK and Europe experienced declines attributed to external factors such as unseasonable weather.US Market GrowthFevertree’s expansion in the United States has yielded positive results. The company announced a 10% increase in sales at constant currency rates, driven by distribution gains and innovation in flavours and formats. This surge has solidified the US as Fevertree’s largest single market, surpassing the UK.CEO Tim…

Anthony Hemmerdinger has been appointed as the new Managing Director for Boots UK and Ireland, starting November 4.Hemmerdinger succeeds Seb James, who significantly redefined the company’s beauty sector during his tenure.Hemmerdinger previously served as Retail and Operations Director and has over 30 years of retail experience.His leadership was pivotal in Boots’ successful store transformations and expansion of healthcare services.The appointment follows a comprehensive selection process involving both internal and external candidates.Anthony Hemmerdinger has been appointed as the new Managing Director of Boots for the UK and Ireland, with his tenure beginning on November 4. He succeeds Seb James, who has…