Vypr, a Manchester-based business, is embarking on a significant expansion into the US market, aiming to quadruple its size.The company plans to increase its workforce by 100 as part of this ambitious growth strategy.Vypr has already achieved notable success, working with leading brands and quadrupling its revenue since 2021.The company leverages a “digital community” of 70,000 for product development and refinement.Vypr’s innovative use of behavioural science in market research sets it apart in the fast-moving consumer goods sector.Vypr, a company rooted in Manchester, is setting its sights on a major expansion into the American market, with aspirations to increase its…
Author: Dave Antrobus
The UK’s legal market has been reaffirmed as “an economic powerhouse,” with legal services exports reaching a significant £7.25 billion in 2022, according to a recent Law Society report.The report highlights the UK’s prominent position in the global legal landscape, particularly through the performance of the London Commercial Court (LCC) and the London Maritime Arbitrators Association. The LCC, known for complex commercial litigation, issued 212 written judgments from October 2022 to September 2023, significantly outpacing other leading international courts, including those in New York and Singapore.Furthermore, 64% of litigants at the LCC between April 2023 and March 2024 hailed from…
Oxford Nanopore is preparing a legal challenge against BGI, alleging a breach of contract.A US court application has been filed by Oxford Nanopore to support its upcoming lawsuit.The case centres on concerns of BGI using proprietary technology for commercial gain.Oxford Nanopore accuses BGI of breaching trade secrets regulations and patent rights.The legal actions reflect Oxford Nanopore’s vigilance in protecting its technological advancements.Oxford Nanopore is gearing up for a significant legal battle against the Beijing-based genomics company BGI. The core issue at hand is an alleged breach of contract by BGI, prompting Oxford Nanopore to seek judicial recourse. The biotech firm…
Amazon has introduced a new budget-friendly grocery line known as Amazon Saver, focusing on affordability and quality.The new range is currently available in the United States, offering a variety of essentials both online and in physical stores.Most items within this line are priced under £3.83, with plans to expand the range beyond 100 products.Amazon Prime members will benefit from exclusive discounts across over 3,000 grocery items.The initiative is part of Amazon’s strategy to compete in the grocery market by enhancing value for money.Amazon has launched its own budget-friendly grocery line, Amazon Saver, aimed at providing customers with affordable grocery options.…
In a significant court decision, Apple has been ordered to pay €13 billion to Ireland, marking a setback in its tax dispute with the European Union.The European Court of Justice annulled a previous ruling, citing that Ireland had provided unlawful state aid to Apple.Margrethe Vestager, the EU’s competition commissioner, initiated the case, highlighting illegal tax benefits granted to Apple.This ruling has considerable implications for multinational corporations and EU member states regarding profit allocation.The decision underscores the EU’s commitment to challenging Big Tech’s tax practices and equitable taxation.In a significant move, the European Court of Justice has overturned a previous ruling,…
Nik Storonsky, Revolut’s CEO, has issued a directive for handling underperforming staff at startups.Employees deemed underperforming should either leave immediately or improve within six weeks.Storonsky’s guidance is part of a playbook for building high-performance tech businesses.The practices highlighted have drawn both praise for their efficiency and criticism for potential harshness.The playbook includes strategies for talent management and compensation based on performance, not tenure.Nik Storonsky, CEO of Revolut, has presented a decisive approach to managing underperforming employees within startups. In his view, staff showing unsatisfactory performance should be given an ultimatum: either accept an enhanced separation package and leave immediately or…
Adrian Newey, renowned for his prowess in Formula 1 design, embarks on an ambitious journey with Aston Martin.The announcement at Silverstone marks Newey as a shareholder with a lucrative five-year deal.Newey finds inspiration in team owner Lawrence Stroll’s dedication to building a championship-calibre operation.Strategic hires, including Andy Cowell and Dan Fallows, are set to bolster Aston Martin’s F1 technical team.Newey’s signing signals Aston Martin’s formidable intent to challenge for the F1 world championship.Adrian Newey, celebrated as a genius of Formula 1 design, has joined Aston Martin as a managing technical partner in a bold move aimed at securing the F1…
The Resolution Foundation has suggested bold tax reforms for the UK Labour Party to consider in their budget proposals.Removing inheritance tax reliefs for agricultural and business assets could add £2 billion annually.Aligning capital gains tax with dividend and wage rates might generate £8 billion each year.The proposal includes introducing road pricing as a new source of income, replacing declining fuel duty revenue.Concerns were raised about lowering the stamp duty threshold, which may hinder housing stock efficiency.The Resolution Foundation has proposed significant tax reforms to the UK Labour Party, suggesting that these changes could help address rising fiscal demands. Key recommendations…
Industry insiders warn the UK government against pulling back financial support for quantum computing, risking decades of progress.The UK has established itself as a leader in the quantum field, employing substantial numbers and making significant technological progress.Concerns arise from a white paper by Phasecraft, highlighting the need for consistent public investment.Planned £1.3bn funding for tech and AI projects has been shelved, raising fears within the industry.International collaboration in quantum R&D is threatened by export restrictions, causing alarm among professionals.Industry insiders have issued a cautionary note to the UK government regarding the future of quantum computing. They stress the critical importance…
Entain experiences a notable rebound in online gambling revenues under the new CEO’s leadership, bolstered by major sporting events.The company reports significant third-quarter momentum attributed to events like the Euro 2024 and the Paris Olympics.Entain’s shares saw a recovery, climbing 5.3%, signalling confidence in the new CEO, Gavin Isaacs.The UK and Ireland saw particularly strong growth in sports and gaming, supported by increased volumes and improved margins.International operations, particularly in central and eastern Europe, met or exceeded expectations, while retail operations remained stable.Entain, one of the world’s leading sports betting and gaming groups, is seeing a return to growth in…