Asos harnesses TikTok Shop to engage twentysomething customers.Asos attributes significant sales growth to TikTok Shop.The platform enables direct product purchases via social media.Partnership with influencers boosts Asos Design collection visibility.57% of TikTok transactions originate from new Asos customers.Asos is successfully leveraging TikTok Shop’s unique platform to connect with a younger audience, effectively driving sales and brand engagement among twentysomething consumers. The retailer’s strategic move is reflecting positively on their growth, as noted by Elton Ollerhead, the director of Asos Media Group.Ollerhead highlighted TikTok Shop’s potential to revolutionise the traditional online shopping dynamic by enabling direct purchases from social media, potentially…
Author: Dave Antrobus
The Competition and Markets Authority (CMA) has postponed the release of its report on the UK’s cloud market.The deadline has been extended from 4 April 2025 to 4 August 2025.This extension allows deeper investigation into issues of harm, including licensing practices not fully explored by Ofcom.Google has accused Microsoft of anti-competitive practices, highlighting licensing restrictions.Amazon’s AWS joins Google in criticising Microsoft’s impact on market competition.The UK Competition and Markets Authority (CMA) has announced a delay in the publication of its detailed report on the state of the UK cloud market. Originally scheduled for release on 4 April 2025, the new…
The UK government is set to implement stringent measures to combat late payments by large corporations to small businesses.Research reveals that small businesses lose an average of £22,000 annually due to delayed payments, impacting their overall growth and stability.Proposed regulations will mandate large firms to disclose payment practices in annual reports to increase transparency and accountability.Past efforts to improve payment practices through legislation have achieved limited success, prompting the government to explore stricter enforcement.Criminal charges and fines loom for company directors who fail to comply with the new reporting standards, alongside the introduction of a fair payment code.On average, delayed…
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,…
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…
August saw the UK inflation rate maintain its position at 2.2%, surprising many with core inflation climbing to 3.6%.The rise in core inflation exceeded expectations, suggesting persistent underlying price pressures despite stable headline rates.Airfare costs surged by 11.9% year-on-year, identified as the key component driving the August inflation figures.The Bank of England is expected to keep the interest rate at 5% in their upcoming decision, with potential gradual cuts anticipated.Economists predict that rising energy costs may pose further inflationary challenges, despite easing wage growth pressures.August witnessed stability in the UK’s headline consumer price index, holding steady at 2.2%, yet core…
Tesco considers leveraging AI and Clubcard data to promote healthier shopping habits, stirring a mix of optimism and privacy concerns.The initiative aims to monitor and suggest healthier substitutes for high-sodium products in customers’ shopping baskets.Officials argue the move could assist in addressing the UK’s obesity crisis by guiding healthier consumer choices.Privacy advocates express concerns over surveillance and autonomy, questioning Tesco’s role in consumer judgment.Despite the debate, Tesco asserts it is not implementing this AI system imminently, but the potential impact remains significant.Tesco is exploring the use of Artificial Intelligence alongside data from its Clubcard scheme to encourage shoppers to make…
The inflation rate, as measured by the Consumer Prices Index (CPI), remained steady at 2.2% in August 2024, showing no change from July. This stability contrasts with the clothing and footwear sectors, which saw a slower price increase in August.Air fares emerged as a significant factor influencing this consistent inflation rate, providing an upward push in the Consumer Prices Index including owner occupiers’ housing costs (CPIH).Despite the overall stability, the annual growth in clothing and footwear prices slowed to 1.6%, down from 2% in July.The retail industry is absorbing these figures with a noticeable business rate increase, impacting budgets and…
BioGrad’s significant £3m investment signifies its expanding footprint across the UK.BioGrad has announced the opening of a new research and teaching site in York.The company plans to launch a nationwide clinical trial led by the York team in early 2025.BioGrad’s expansion aligns with its strategy to lead in science and healthcare research.Local authorities and councils have been instrumental in facilitating BioGrad’s York expansion.Laboratory technology firm BioGrad has made a noteworthy move by investing £3m to establish a new facility in Yorkshire as part of its ongoing national expansion strategy. The Liverpool-based company’s new research and teaching site in York is…
Fourteen startups have been selected for a new esports accelerator in Sunderland, enhancing growth and innovation in the sector.Among the selected startups, four promising ventures are from the North East of England.The accelerator programme is a joint venture by British Esports and Sunderland Software City, backed by Sunderland City Council.This initiative aims to refine skills in financial management, international expansion, and investment preparation.The selected startups will present to potential investors at the conclusion of the programme on November 1.Fourteen burgeoning gaming startups have been chosen to participate in an innovative esports accelerator programme in Sunderland. This initiative is spearheaded by…