Norfolk and Suffolk are increasingly recognised as key players in the UK tech industry.The report highlights the development of tech hubs in these regions, alongside Norwich and Ipswich’s significant roles.There is a blend of emerging startups and established tech giants like BT and Cisco in the area.The thriving subsectors, agritech, and insurtech, are nurtured by local research institutions.Finding support for funding and hiring remains a challenge for regional businesses.Norfolk and Suffolk are gradually gaining recognition within the UK tech landscape, carving a niche alongside more renowned hubs such as Cambridge and London. These regions are establishing themselves as pivotal digital…
Author: Dave Antrobus
Snyk, a cybersecurity firm, has managed to cut its losses in 2023 despite spending over $40 million on acquisitions.The company’s pre-tax loss fell to $176 million from $266 million the previous year.Acquisitions included Enso, Reviewpad, and Heliosphere, contributing to a turnover growth of 50%.Around 80% of Snyk’s revenue originates from the UK and US markets.A workforce reduction of over 100 employees helped reduce costs, with Snyk maintaining a cash reserve of over $350 million.Snyk, a cybersecurity company, successfully reduced its pre-tax losses to $176 million in 2023, down from $266 million the previous year, despite an extensive acquisition strategy. The…
Asos embarks on a restructuring journey within its technology team aimed at enhancing innovation and agility. The planned changes will see a shift in roles but maintain the overall headcount.The consultation process affects business analysts, engineering managers, and platform leads as Asos plans to employ more product managers and software engineers.The company’s spokesperson confirmed that the restructure aims to develop an exciting experience for customers without changing employee numbers.This strategic move follows the sale of a 75% stake in Topshop and Topman, forming a joint venture with Heartland.Asos also issued a trading update with expectations of FY24’s adjusted EBITDA at…
The British advertising regulator has taken action once again against Huel for misleading promotional claims. This represents the third ruling against Huel’s advertising practices in two months. The specific issue involved an Instagram post that made unsubstantiated claims regarding health benefits and pricing. Despite providing evidence for its pricing claims, Huel failed to substantiate their health claims adequately. The ruling follows a similar case involving Steven Bartlett’s endorsement.The British Advertising Standards Agency (ASA) has issued another ruling against the meal supplement company Huel, marking the third such incident within two months. This action was taken due to a promotional Instagram…
As the digital world expands, businesses face increasing cyber threats. It’s crucial to assess and enhance your company’s cybersecurity measures.October is Cybersecurity Awareness Month, an ideal opportunity to evaluate your business’s security posture.The government’s latest survey reveals that 50% of UK businesses have faced cyber incidents in the past year.Phishing remains the most common threat, affecting a staggering 84% of organisations.Expert advice suggests empowering employees and engaging with educational resources to boost cybersecurity readiness.The digital realm continues to evolve, bringing with it a surge in cyber threats that businesses must address proactively. With the increasing uncertainty of global security, now…
Recent months have seen a significant surge in the sales of instant noodles, particularly driven by viral trends on TikTok. These trends have introduced the product to a broader and more diverse audience, resulting in substantial growth for online supermarkets.Sales of instant noodles have increased by 50% at Ocado, driven by TikTok influences.Searches for ramen noodles have risen by 35%, surpassing other popular brands.Shoppers are increasingly seeking ingredients to enhance their instant meals, such as chilli oil and seaweed.Ocado’s Jason Holt highlights the shift from viewing noodles as a basic meal to a gourmet experience.Social media platforms have played a…
Co-op has returned to profit in 2024 following a significant loss the previous year, buoyed by robust sales in both physical and online food markets.In the first half of 2024, Co-op’s group profit before tax rose by £91 million, reaching £58 million, aided by reduced interest payments and non-underlying charges.The company’s food business saw sales increase by 3.2%, with a notable 62% growth in quick commerce activities, positioning Co-op as a leading grocery provider on platforms like Deliveroo and Just Eat.Co-op’s CEO, Shirine Khoury-Haq, credited the company’s strategic momentum and the strength of its operations for the performance during a…
Frasers Group has unveiled its latest flagship, marking a strategic shift away from House of Fraser.The sprawling 100,000 sq ft store integrates fashion, beauty, and homeware across two floors.A standout beauty hall features brands like Creed, Clarins, and ghd, highlighting Frasers’ industry connections.Sports Direct’s expansive floor includes a new Nike Football department and cutting-edge running technology.David Epstein of Frasers Group emphasises the store’s role in setting retail benchmarks through quality and innovation.Frasers Group has opened a new flagship store at Sheffield’s Meadowhall, representing a significant move away from the House of Fraser brand. This extensive 100,000 square foot space covers…
Following the Labour Party’s 2024 electoral success, planning reform has been prioritised in the government’s agenda.Key amendments to the National Planning Policy Framework (NPPF) propose increased housing targets and improved land supply methodologies.A new concept of ‘Grey Belt’ land introduces opportunities for development with strict guidelines.Renewable energy initiatives gain momentum as the government lifts bans and supports sustainable projects.Regional planning is set for transformation with emphasis on new towns and infrastructure improvements.Following the Labour Party’s victory in the 2024 general election, a transformative agenda has been set, placing planning reform at the forefront of government priorities. With a commitment to…
Julian Dunkerton, CEO of Superdry, criticises tax advantages for Shein.Dunkerton highlights Shein’s exploitation of a UK tax loophole.Shein looks for a UK warehouse as it eyes the London Stock Exchange.Dunkerton urges import duty, VAT, and environmental tax for Shein.Legal experts caution against simplistic interpretations of Shein’s business.Julian Dunkerton, the CEO and founder of Superdry, has voiced concerns over the current tax regulations that allow Chinese retailer Shein to benefit from a significant tax loophole in the United Kingdom. He claims this loophole enables Shein to avoid paying import duty on goods under £135 sent directly to UK customers. “We’re allowing…