Author: Scott Dylan

Seasalt experiences unprecedented growth with a 146% rise in operating profit to £7.9m.Total revenue for Seasalt increased by 12% year on year, reaching £132.6m due to strong physical shop sales.The retailer expanded significantly, opening new stores across the UK and Ireland, totalling 73 profitable locations.Partnerships with third-party platforms such as Marks & Spencer and Next contributed to 13% of group revenues.Seasalt is gearing up for its first North American expansion with a planned store in New England.Seasalt has reported a landmark achievement, marking a 146% rise in operating profit to £7.9 million for the fiscal year ending 27 January. This…

A significant development has reached completion at the Port of Liverpool with the unveiling of a new 240,000 sq ft warehouse. Constructed by Glencar for Peel Ports, this facility underscores the persistent demand for warehousing space.The newly constructed warehouse by Glencar at Alexandra Dock represents a substantial investment in port infrastructure. Spanning the length of five full-size football pitches, the facility took a year to build. The project included intensive efforts, such as the installation of over 6,500 piles and the pouring of more than 40,000 cubic metres of concrete, highlighting the scale and complexity of the development.The warehouse aims…

Plans for a new housing development in Fairford, Gloucestershire have been submitted by Cala Homes to Cotswold District Council. The proposed development encompasses a 19-acre site and includes various amenities to enhance community living and environmental sustainability. The site has received outline planning permission and the housebuilder intends to align with stringent standards for green infrastructure. This proposal signifies a step forward in providing affordable and sustainable housing solutions in the region.Development Proposal OverviewCala Homes has submitted a comprehensive planning application for a new residential project in Fairford, Gloucestershire. The development is proposed for a 19-acre site located on Hatherop…

Societe Generale has reached a significant milestone by divesting its UK and Swiss private banking units to Union Bancaire Privee (UBP), marking a notable shift in its business strategy.This pivotal transaction, valued at £771 million, is a strategic move by the French banking giant to focus on more profitable aspects of its global operations.In an effort to streamline its business, Societe Generale is strategically divesting its UK and Swiss private banking sectors. This decision aligns with their roadmap to enhance operational efficiency and strengthen the group’s capital position. The shift indicates a calculated focus on core, more lucrative markets. Selling…

Cardiff-based travel platform Lovetovisit has raised £3.2 million in a new investment round, signalling a significant step in its growth trajectory. The funding is aimed at enhancing its technological capabilities and expanding its market reach both domestically and internationally.Investment Details and Key StakeholdersThe latest investment round for Lovetovisit, a Cardiff-based travel platform, was led by notable venture capital firms Venrex and Redrice Ventures. Additional contributions came from Active Partners, Velocity Partners, and several angel investors. This strategic financial injection is earmarked for scaling operations in the UK and exploring new international markets, marking a pivotal moment in the company’s expansion…

Andrew Bailey, Governor of the Bank of England, remains steadfast in his role despite facing significant challenges and criticism. Looking forward to the next four years, Bailey is determined to address the ongoing economic issues while upholding his responsibilities.Andrew Bailey has affirmed his intention to complete his eight-year term as the Governor of the Bank of England, reinforcing his commitment even amidst calls for his resignation. In a recent interview, following the MPC’s decision to lower the Bank Rate for the first time since 2020, he expressed confidence after a challenging first four years. “It is a great privilege to…

Crew Clothing is involved in a legal dispute with its former CEO, David Butler.The retailer accuses Butler of falsely claiming entitlement to £622,560 in extra benefits.Allegations include unwarranted bonuses, holiday pay, and accommodation allowances.Butler has denied the claims and has filed a counter-claim for wrongful dismissal.The situation follows Butler’s abrupt departure and a failed management buyout attempt.Crew Clothing has initiated legal proceedings against its former CEO, David Butler, accusing him of falsely claiming substantial compensation without formal agreement. The accusations involve Butler allegedly informing the Head of HR, Rupert Hay, that Menoshi ‘Michael’ Shina, the owner, had approved various bonuses…

Cornish Metals has made a calculated decision to shift its focus towards the South Crofty project by selling its Canadian interests for $4.5 million.This transaction reflects the company’s commitment to its UK-based operations and is a key part of its strategy to commence production at South Crofty by 2027.Cornish Metals has strategically sold its royalty interests in a Canadian mine project for $4.5 million. This decision underscores the company’s strategic focus on reviving operations at the historic South Crofty tin mine in Cornwall. By doing so, Cornish Metals aims to concentrate its efforts and resources more efficiently on advancing its…

The Drapers Sustainable Fashion Awards have transitioned to the Drapers Conscious Fashion Awards to emphasise responsible business practices in 2025.Scheduled following the Drapers Conscious Fashion Summit, the awards ceremony will occur on 12 March at Hilton London Bankside.The awards align with the United Nations Sustainable Development Goals and are judged by an expert panel.New categories for 2025 include ‘Empowering People Initiative’ and ‘Power Product of the Year’.These awards spotlight positive progress and foster industry-wide collaboration and learning.For the year 2025, the Drapers Sustainable Fashion Awards have undergone a transformation to become the Drapers Conscious Fashion Awards. This evolution underscores the…

Leasing activity in London’s office sector rose by 21% in the last quarter, led by the demand for sustainable buildings.Real estate experts highlight a strong preference for environmentally-friendly spaces, underpinning the city’s dynamic commercial landscape.Rising Demand for Sustainable Office SpacesIn the second quarter, London witnessed a significant increase in office leasing activity, rising by 21% compared to the previous period, according to Savills. The growing demand for sustainable office spaces, led predominantly by financial firms, is transforming the capital’s commercial real estate landscape.The British real estate company reported that 4.1 million square feet of space was leased across 356 deals…