Author: Scott Dylan

Pennant International has made strategic additions to its leadership team, enhancing its capability to navigate dynamic market landscapes. The company has welcomed two accomplished professionals to their ranks, underscoring their commitment to growth and innovation.Klaas van der Leest, noted for his expertise in cybersecurity, joins as a non-executive director. Darren Wiggins steps in as interim chief finance officer, bringing his financial acumen to the table. These appointments support Pennant’s strategic vision as they prepare for the future.Strategic Strengthening of the BoardAIM-listed Pennant International has taken decisive steps to strengthen its board with the appointment of Klaas van der Leest as…

The British Footwear Development Trust (BFDT) continues its training grant programme, supporting growth and innovation in the UK’s footwear sector.Grants support both individuals and businesses, offering formal and practical training opportunities.The programme, initiated in 2023, has already benefitted Fairfax and Favor in enhancing their product development team.Applications for the 2024 cycle commenced on 2 September and conclude on 30 September.BFDT aims to see positive impacts across the industry through this initiative.The British Footwear Development Trust (BFDT) has announced the continuation of its training grant programme, aimed at fostering growth, creativity, and innovation within the UK’s footwear sector. This initiative is…

Kitwave, a prominent wholesale group based in North Shields, reports a robust summer, effectively aligning with its full-year performance goals.After an initial slowdown attributed to adverse weather, the group witnessed significant customer demand from May onwards, endorsing the successful impact of its early-year investments.Investment in Technological AdvancementsKitwave’s strategic investments, particularly in voice-picking technology at its Northern ambient hub, have enabled the company to streamline its operations and enhance efficiency. This investment is a testament to the group’s commitment to integrating advanced technological solutions to meet growing customer demands and elevate operational performance.The introduction of this technology has not only optimized…

Britons are seeking solace in small indulgences amidst ongoing economic difficulties. A recent trend sees many turning to affordable luxuries to elevate their spirits.Despite an overarching need to tighten budgets, an increasing number of individuals are engaging in what has been termed the ‘sweet treat economy,’ spending on minor luxuries like pastries and cosmetics to combat economic stress.Rise in Retail TherapyAccording to Barclaycard, consumer card spending rose by 1% in August after two months of decline. Nearly half of the surveyed individuals (47%) continued to indulge in minor luxuries even as they cut back on other expenses.Karen Johnson, Head of…

The UK Government’s renewable energy auction has resulted in the approval of a record number of projects. This significant development is poised to bolster the nation’s clean energy ambitions, addressing energy security and economic growth.The UK Government’s recent renewable energy auction has approved a record 131 projects, with significant schemes like Hornsea 3 and Hornsea 4 leading the charge. Despite a previous year’s lacklustre auction, an increase in government funding to £1.5bn has incentivised investment. This marks a significant shift in the UK’s energy strategy.While the auction approved numerous projects, the total generation capacity fell short compared to prior years.…

Recent data reveals weaker than expected back-to-school sales, impacting non-food sectors.Non-food sales have decreased by 1.7% over the past three months, surpassing the yearly average decline of 2%.High street sales experienced a 2.8% decrease in non-food purchases, while online sales saw a modest 1.5% increase.Clothing and footwear sales struggled as families chose second-hand options.Upcoming economic policies could determine future retail investments.Recent data indicates a significant decline in non-food sales over the three months leading to 24 August, with a decrease of 1.7% year on year, surpassing the 12-month average decline of 2%. This illustrates a shift in consumer purchasing behaviour,…

The Cornwall Garden Society, a cornerstone of horticultural excellence, has joined forces with Cornwall Gardens Trust in a significant merger. This collaboration aims to enhance the preservation and promotion of Cornwall’s rich garden legacy.By merging, these esteemed organisations seek to leverage their combined expertise to reach wider audiences, ensuring the continued appreciation of Cornwall’s garden heritage. Their shared mission promises to bring an enriched understanding of the region’s unique horticultural landscapes.A Historic Union for HorticultureThe Cornwall Garden Society (CGS) has officially merged with Cornwall Gardens Trust (CGT), marking a new chapter in the preservation of Cornwall’s gardening heritage. This strategic…

Business confidence in the UK is wavering as discussions about energy tax increases gain momentum. Concerns are mounting regarding the potential economic ramifications.The UK government’s proposal to raise the Energy Profits Levy has sparked significant debate. Various industry leaders and organisations are warning of severe consequences.Rising Concerns over Energy Profits LevyThe Treasury has confirmed its commitment to ongoing discussions with the oil and gas sector regarding changes to the Energy Profits Levy (EPL). An increase from 35% to 38% is scheduled for 1 November.The EPL, targeting the profits of UK oil and gas firms, was introduced in May 2022 as…

As the UK faces a wave of bank branch closures, the Post Office has recorded an unprecedented £3.7bn in cash transactions in July. This surge reflects a significant shift in how consumers manage their financial affairs in the absence of local bank branches.The increasing reliance on Post Offices for cash transactions paints a vivid picture of the challenges and adaptations within communities. The closures of more than 6,000 bank branches since 2015 have undeniably transformed the financial landscape across the country.The Rise of Banking Hubs and Their LimitationsWith over 6,000 bank branches closing across the UK since 2015, the introduction…

Young Londoners are leading the return to office work, a trend that contrasts with older employees who prefer remote working.This behaviour is contributing to the UK’s slower office attendance compared to other global cities.A survey examining work habits in London, Paris, New York, Sydney, Singapore, and Toronto revealed that London had the second-lowest rate of office attendance. Paris had the highest attendance, while Toronto had the lowest.Younger workers are more inclined to return to the office, with 43% indicating they work best there. This contrasts with only 25% who prefer working from home.Despite 95% of surveyed workers acknowledging the benefits…