The UK government is implementing measures to address late payments by large companies to small businesses, aiming to enhance transparency and accountability.Late payments cause significant financial strain, costing small enterprises an average of £22,000 annually.Proposed laws will make it mandatory for large companies to include payment data in their annual reports, ensuring greater scrutiny.Previous efforts, such as the ‘duty to report’ legislation, have had limited impact, highlighting widespread non-compliance.Company directors may face criminal charges and unlimited fines for not adhering to new reporting regulations.The UK government is taking decisive action to tackle late payments by large firms to small businesses,…
Author: Dave Antrobus
Ocado has revised its year-end growth projections upward following a notable increase in its retail sales during the third quarter.The online supermarket experienced a 15.5% sales increase, reaching £658 million, alongside a 15.4% rise in sales volume.Projected sales growth has shifted from mid to high single digits to a low double-digit percentage for the year.Weekly orders saw an impressive 14.7% rise, supported by a 10.3% increase in active customers.Price reductions and enhanced delivery options have been pivotal in boosting customer perception and sales.Ocado has adjusted its full-year growth outlook positively thanks to an impressive 15.5% surge in sales during the…
The recent Labour Party Conference has raised key questions about government support for the tech sector.A short parliamentary recess has led to a packed political timetable.The newly elected government faces urgent tech challenges requiring swift policy actions.UK tech progress is framed against the backdrop of current political and economic situations.Considerations are given to skills development at the forefront of the tech agenda.The Labour Party Conference highlighted significant questions regarding how the UK government can effectively support its tech industry. With only a brief parliamentary break, the government must navigate an already congested political calendar. Despite its limited time in office,…
Morrisons has streamlined its digital presence by transitioning from two separate apps into one unified platform, enhancing user experience.The move consolidates Morrisons’ online and in-store shopping into a single app, replacing the old “white app” with a revamped “green” app.Users previously unaware of regional app usage will now benefit from a centralized system, simplifying online shopping processes.Features of the new app include an improved checkout process, easy recipe ingredient additions, and one-click ordering.Morrisons’ digital shift aligns with ongoing efforts to innovate and improve customer experiences in collaboration with Amazon and other platforms.Morrisons has decided to retire its previous two-app strategy…
Ocado Retail has reported a significant surge in sales, marking a promising outlook for double-digit growth.Sales at Ocado increased by 15.5% to £658 million in the 13 weeks leading up to 1 September.The company noted an increase in average weekly orders, which rose by 14.7% to 437,000.Customer base expanded by 10.3%, reaching a total of 1.06 million active customers.Ocado has revised its annual sales growth forecast from mid-high single digits to low double digits.Ocado Retail, a joint venture with M&S, has experienced a remarkable increase in sales performance over the past year. The online supermarket reported a 15.5% rise in…
Ocado Retail has upgraded its annual sales forecast following a successful nine months.Sales surged by 15.5% in the recent quarter to £658 million.The number of weekly orders increased significantly to 437,000, a 14.7% rise.Customer base expanded by 10.3%, reaching 1.06 million active users.Annual sales growth is expected to shift from single-digit to double-digit figures.Ocado Retail, a collaboration with Marks & Spencer, has adjusted its sales projections for the year upwards after demonstrating strong performance in its first three quarters. The online grocer reported a 15.5% increase in sales, totalling £658 million over the 13 weeks ending 1 September. The company…
KR1, a digital asset investment firm, reports a substantial £50m decline in its portfolio value amid a consolidating crypto market.The drop in asset value is attributed to a decrease in Bitcoin prices from their all-time highs earlier this year.Investor confidence remains cautiously optimistic as KR1 highlights opportunities arising from market shifts.Despite a halving in Celestia coin value, KR1’s investment in the modular blockchain network is seen as strategically sound due to Ethereum’s roadmap.The firm is encouraged by the London Stock Exchange’s recent approval of Bitcoin and Ethereum Exchange Traded Notes, signalling potential regulatory advancements.KR1, a prominent digital asset investment firm…
Holden Smith has made a strategic move by appointing Tim Hare to its growing residential conveyancing team, based at their Elland office.Tim Hare brings extensive experience from his tenure at Russell & Russell, enhancing the firm’s capabilities.The appointment aligns with the firm’s strategy to support a rapidly increasing client base and deliver exceptional outcomes.Holden Smith continues to demonstrate its growth ambitions, now employing over 100 people across five offices.Both Tim Hare and the firm’s management express optimism about future growth and success.Holden Smith has strategically expanded its residential conveyancing team with the appointment of Tim Hare, who will be stationed…
UK chipmaker EnSilica has forged a strategic partnership with Taiwan’s leading semiconductor company, TSMC.The partnership is aimed at accelerating innovation in chip technology through the Open Innovation Platform.EnSilica’s expertise will be combined with TSMC’s advanced process technologies to enhance system-on-chips.The collaboration is set to boost EnSilica’s product offerings in AI and mobile applications.TSMC reaffirms its commitment to empowering partners to achieve quick market entry.UK chipmaker EnSilica proudly announces its strategic partnership with Taiwan’s largest semiconductor firm, TSMC. This collaboration is a significant milestone in EnSilica’s efforts to enhance its technological offerings and drive innovation in the semiconductor industry. The partnership…
In a significant call to action, legal regulators have been urged to implement a ‘disability-friendly’ quality mark for law firms. This initiative aims to ensure that individuals with learning disabilities receive ‘easy read’ client information, a move underscored by recent collaborative research from the universities of Birmingham and Leeds.Legal capacity researchers have developed templates, including a letter of engagement, to assist lawyers in making their services more accessible to people with learning disabilities. These templates are available for free download, allowing legal professionals to adapt them in their practice.An example of the initiative’s efforts is the easy read summaries, which…