Author: Scott Dylan

A renowned graffiti wall in Newcastle’s Ouseburn has transitioned from art landmark to business hub after extensive renovations.The transformation, led by MGM Construction, reimagines the site while maintaining its historical essence, ushering in new commercial opportunities.Transformation of Ouseburn’s Iconic Graffiti WallOnce a symbol of urban art, the graffiti wall on Maling Street, Newcastle, has undergone a remarkable transformation. MGM Construction has revamped this area, transforming an old warehouse into versatile commercial units. Visually appealing with updated amenities, this development preserves the rich history of Newcastle’s street art culture. The renovation is evident, aligning with business interests while retaining an aesthetic…

Under Armour has announced the appointment of Franck Denglos as Vice President of Commercial for EMEA.Franck Denglos brings over 25 years of experience in the sportswear sector to his new role.Denglos joined Under Armour from Adidas, where he held significant positions including CEO of Adidas Italy.At his new post, Denglos will manage sales channels across Europe, the Middle East, and Africa.His leadership is expected to enhance Under Armour’s commercial success and regional influence.Under Armour has named Franck Denglos, a seasoned professional in the sportswear industry, as Vice President of Commercial for the Europe, Middle East, and Africa (EMEA) region. Denglos…

Benedetta Petruzzo, CEO of Miu Miu, will soon join Christian Dior Couture as its new Managing Director.She will replace Charles Delapalme effective 15 October 2024, marking a significant transition in Dior’s leadership.Petruzzo’s tenure at Miu Miu saw a remarkable 93% growth in sales for the first half of 2024.Her expertise is expected to enhance Dior’s international influence and market success.Christian Dior Couture CEO Delphine Arnault expressed confidence in Petruzzo’s leadership and luxury market acumen.Benedetta Petruzzo, currently the CEO of Miu Miu, is set to take on the role of Managing Director at Christian Dior Couture, starting 15 October 2024. This…

Pinewood Technologies has announced a significant step by investing $4.2 million in Seez, a firm specialising in automotive AI technology. This move not only marks a minority investment but also grants Pinewood exclusive distribution rights for Seez’s AI products across the US.In a strategic manoeuvre, Pinewood Technologies, listed on the London Stock Exchange, is investing $4.2 million in Seez, a company at the forefront of automotive AI solutions. This investment is part of a minority stake that aims to reinforce Pinewood’s position in the AI sector.The agreement also ensures that Pinewood Technologies secures exclusive rights to distribute Seez’s AI-driven products…

Revolut Business is making significant strides in the finance sector, targeting business accounts with renewed intensity. Driven by a recent surge in revenues, the company seeks to transform how businesses manage finances.Following remarkable financial achievements, Revolut has announced a bold initiative to expand its business offerings. With revenues exceeding $500 million this summer, the firm is poised to innovate and dominate the business financial services market.Revolut Business has reported an impressive increase in monthly transaction volumes, reaching $17 billion. This demonstrates a robust growth trajectory and highlights the platform’s strong appeal to businesses. Such growth has resulted in Revolut Business…

Amazon, the globally recognised e-commerce leader, is set to implement a substantial pay increase for its UK-based employees, aimed at enhancing their financial well-being. This strategic move comes in response to ongoing inflationary pressures affecting the cost of living.Starting salaries for frontline workers are expected to rise by 9.8%, significantly surpassing the current UK inflation rate. This adjustment will impact a large number of Amazon’s workforce, particularly enhancing pay scales depending on location.Details of the Pay IncreaseAmazon’s announcement is a noteworthy development for its extensive workforce in the UK. The planned pay rise of 9.8% will see starting salaries beginning…

Hilton Foods has reported a notable 23.2% increase in operating profit, highlighting a period of impressive financial performance. Driven by robust seafood and meat sales, the company is set on future growth and expansion.Financial Performance and GrowthIn a notable financial performance, Hilton Foods has reported a substantial 23.2% rise in adjusted operating profit, equating to £46.9 million over the six-month period ending June 30. This growth represents a robust recovery from the economic challenges posed by inflation in the preceding years. The company’s growth in this period is underpinned by a 3.2% increase in overall volume, highlighting strong demand across…

Investment conglomerate Blackstone, owner of Bourne Leisure, faced financial challenges following the sale of Butlin’s. Recent accounts indicate a pre-tax loss.The reported pre-tax loss amounted to £166.5 million for 2023, a stark contrast to the previous year’s profit figures, marking a substantial financial shift.Bourne Leisure, owned by Blackstone, has reported a significant financial downturn for 2023. According to newly-filed accounts, the company experienced a pre-tax loss of £166.5 million, a notable decline from a profit of £64.9 million in the previous year. This decline follows the strategic decision to sell Butlin’s for £300 million to the Harris family, original co-founders…

Aldi is calling on Sir Keir Starmer to expedite planning permissions for new supermarket locations. Facing significant delays from local councils, Aldi’s expansion plans across the UK are at risk of falling behind schedule.The supermarket chain’s push for faster planning approvals reflects broader frustrations within the retail sector. As competitors also face bureaucratic hurdles, Aldi emphasises the urgent need for planning reforms to support economic growth.Aldi’s Meeting with Government OfficialsGeorge Brown, Aldi’s national real estate director, recently met with a senior adviser to the Prime Minister. He advocated for planning reforms to align with the Government’s goal to drive economic…

Labour’s proposed non-dom tax reforms could have significant economic implications. According to Oxford Economics, these changes might cost the UK up to £1 billion, as many wealthy individuals consider leaving the country.The reforms, intended to create a fairer tax system, face criticism for potentially reducing investments and tax revenues. The upcoming changes have raised concerns among non-doms about their financial future in the UK.Introduction of Non-Dom Tax ReformsThe proposed non-dom tax reforms, set to be implemented in April 2025, will significantly alter the current system. Non-doms will now only be able to avoid tax on overseas income for four years…