Author: Scott Dylan

In the first half of the year, Shield Therapeutics experienced over threefold revenue growth, reaching $12.1 million. The company focuses on establishing a robust presence in the US market through its flagship product, Accrufer.Shield Therapeutics has reported a remarkable increase in revenue, thanks to an expanded prescription base in the United States. From January to June, revenues surged to $12.1 million, a significant leap from $3.7 million in the equivalent period of the previous year. This growth has been predominantly supported by the adoption of their iron deficiency treatment product, Accrufer, across key states like California, Florida, and Texas.Despite positive…

Segro plans a strategic acquisition of Tritax Eurobox in a transaction valued at £552 million.The deal offers Tritax shareholders a substantial premium over market value and includes dividend retention.Acquisition Details and Financial ImplicationsLondon-listed Segro has announced its intention to acquire Tritax Eurobox in an all-share transaction. Under the proposed terms, Segro is offering 0.0765 new shares for each Tritax share. In addition, Tritax investors will retain entitlement to a dividend of 1.25 cents per share, relating to the quarter ending 30 September 2024.This acquisition values each Tritax share between 68.5 pence and 69.6 pence, representing a premium of 27% over…

Newcastle-based WilliamsAli Corporate Finance has been acquired by national restructuring expert FRP, further strengthening its presence in the North East.This strategic acquisition aligns with FRP’s ongoing expansion efforts, adding to its portfolio of specialised financial services. Abu Ali and Phil Williams, the founders of WilliamsAli, will transition into roles as FRP partners, bringing with them their entire team.The Strategic AcquisitionFRP Advisory Group, a national restructuring specialist, has announced the acquisition of Newcastle-based WilliamsAli Corporate Finance. This acquisition marks the 11th since FRP’s flotation in March 2020, following the recent purchase of Welsh consultancy Lexington for £3.5 million. The deal was…

The British Fashion Council (BFC) celebrates 40 years of London Fashion Week with a nationwide expansion.For the first time, events will reach new cities, including Manchester and Newcastle, in September.Over 1,000 public events and activities are planned, featuring more than 350 brands.Key locations like Covent Garden, Selfridges, and Fenwick will host unique fashion experiences.The event aims to strengthen the UK’s fashion industry and engage with diverse audiences across the country.The British Fashion Council (BFC) is commemorating the 40th anniversary of London Fashion Week by expanding its reach beyond the capital. In September, a City Wide Celebration (CWC) will take this…

The transformation of the former RAF base at Weston-super-Mare heralds a new era of residential development, focusing on sustainability and community. This ambitious project will see 425 homes constructed, with a significant emphasis on carbon neutrality and the enhancement of local infrastructure.The former RAF base in Weston-super-Mare is set to undergo a significant transformation. Winterstoke Gate, part of the larger Parklands Village, will be developed by Keepmoat to include 425 homes. Of these, 135 will be carbon neutral, showcasing a commitment to sustainability. The remaining 290 homes will adhere to the Future Homes Standard with eco-friendly materials and smart design…

Harlech Foodservice, a prominent food distribution firm, recently achieved a significant milestone by securing its inaugural schools contract in South Wales. This achievement forms a crucial part of the company’s expansive growth strategy.Gwynedd-based Harlech Foodservice has made a remarkable entry into the South Wales educational sector by securing its first contract to supply state schools. The £700,000 contract spans 12 months, providing grocery products not only to schools but also to care homes in Rhondda Cynon Taf. This move aligns with Harlech’s ambitious expansion plans, which include creating 150 new jobs as part of a £6 million development strategy.The newly…

As McDonald’s marks five decades in the UK, a recent report highlights its substantial economic impact in the North West region.The report reveals a direct financial contribution of £465.9 million, exclusive of its supply chain, underscoring the brand’s enduring influence.Impact on North West EconomyMcDonald’s has made a noteworthy contribution of more than £760 million annually to the North West economy. The 184 restaurants in the region have facilitated this economic boost by directly employing 21,450 people, and the supply chain adds £301.1 million and 3,650 additional jobs. This demonstrates McDonald’s commitment to regional economic development.Supply Chain ContributionsCH Guenther Bakeries in…

John Lewis Partnership plans to transform a former warehouse site in Reading into a residential area.The proposal includes an investment of over £80 million for 215 rental homes.This development will feature 6,000 sq ft of internal amenity space and improved public areas.A mix of one, two, and three-bedroom flats are planned to rejuvenate the central Reading location.The initiative is part of a £500m joint venture aiming to create 1,000 new homes in London and Reading.The John Lewis Partnership has submitted a planning application to Reading Borough Council. This proposal aims to redevelop a former distribution warehouse situated opposite the Oracle…

Clare Waight Keller, renowned for her significant contributions to the fashion industry, has been appointed as the new creative director of Uniqlo.Waight Keller has an illustrious background, designing for fashion houses such as Pringle of Scotland, Chloé, and Givenchy.She joined Uniqlo in 2023 to design the Uniqlo: C womenswear line, and will now oversee the entire mainline collection.Her work is celebrated globally, notably designing the wedding dress for Meghan Markle in 2018.Uniqlo aims to leverage her expertise to evolve its LifeWear brand, enhancing consumer satisfaction.Clare Waight Keller’s appointment as Uniqlo’s creative director marks a significant step for the Japanese retailer.…

Burberry has announced crucial additions to its senior leadership team, appointing Jonathan Kiman as Chief Marketing Officer and Laura Dubin-Wander as President, Americas.Jonathan Kiman joins from Gucci where he held senior marketing positions, and will lead Burberry’s global marketing efforts starting 9 September.Laura Dubin-Wander, known for her expertise in leading American market operations, begins her new role on 4 September.The appointments come as Burberry faces significant challenges with a recent financial downturn, marked by a 22% revenue drop year-on-year.CEOs emphasised the extensive experience and proven track records both leaders bring to Burberry’s ambitious future plans.Burberry has made strategic enhancements to…