The recent decision by Chancellor Rachel Reeves to raise employers’ National Insurance contributions has sparked significant concern among UK retailers, who warn of inevitable job losses and price increases.UK retailers, including major supermarkets and numerous other companies, have expressed alarm at the implications of Chancellor Rachel Reeves’ budgetary decision to increase employers’ National Insurance contributions. In a letter addressed to Reeves and reported by The Times, over 70 businesses, such as Tesco, Sainsbury’s, Asda, and Morrisons, have voiced their concerns. They argue that the National Insurance hike, along with the rise in the national minimum wage and new packaging levies,…
Author: Dave Antrobus
Fourth Wall, a tech-oriented sports creative firm, has enlisted Philosophy PR to enhance its visibility and promote its innovative fan engagement technology.The collaboration aims to amplify Fourth Wall’s presence in sports, technology, and creative media sectors.Fourth Wall’s services include a comprehensive range of tech-led solutions for fan engagement and ticketing systems.Philosophy PR will leverage media stories, insights, and networking events to promote Fourth Wall’s expertise.The partnership anticipates significant news flow due to Fourth Wall’s upcoming high-profile client collaborations.Fourth Wall, renowned for its forward-thinking technology-based fan engagement solutions, has turned to Philosophy PR to boost its profile in the competitive sports…
In a significant shift of operations, Nestlé has outlined ambitious plans to enhance efficiency and foster innovation by 2027. The company’s reorganisation and cost-cutting strategy aims to save £2.2 billion while investing more in marketing and creating a separate global unit for its water and premium drinks businesses.CEO Laurent Freixe, who assumed his position in September, has set a target of reducing costs by £2.2 billion (2.5 billion Swiss francs) by 2027. This is in addition to rolling savings of £1.07 billion (1.2 billion Swiss francs). Meanwhile, Nestlé intends to increase its investment in advertising and marketing, aiming to raise…
Warrior extends its sponsorship with Polaris, strengthening ties with Europe’s leading grappling event.The partnership ensures Warrior remains the exclusive sports nutrition partner for another year.Warrior branding will feature prominently at events, on athlete gear, and in social media.The ‘Warrior of the Night’ award debuts with a £1,000 prize at recent Polaris event in London.Warrior sees this sponsorship as a way to further engage with its core audience.The sports nutrition brand Warrior has renewed its sponsorship contract with Polaris, regarded as Europe’s premier professional grappling event. This agreement extends Warrior’s role as the exclusive provider of sports nutrition products for the…
Ikea is launching a pop-up at Oxford Circus this November, highlighting the iconic Frakta bag.The pop-up precedes the opening of Ikea’s Oxford Street store in 2025.The Frakta bag, designed over 30 years ago, has become a cultural symbol.Ikea’s Matt Gould emphasises accessibility and design in the upcoming store.The Frakta’s versatility is celebrated, from laundry to beach use.Ikea is set to introduce a pop-up experience named ‘Hus of Frakta’ on London’s Oxford Circus, beginning on the 28th of November and continuing until March 2025. This event will serve as a prelude to the highly anticipated opening of Ikea’s new Oxford Street…
Ikea is introducing a pop-up on Oxford Circus spotlighting the beloved Frakta bag.The pop-up ‘Hus of Frakta’ opens 28 November, prior to the 2025 Oxford Street store debut.Originally a simple carryall, the Frakta bag is now a versatile, cultural icon.Ikea’s manager expresses excitement for the upcoming city store and pop-up.The initiative reinforces Ikea’s commitment to accessible design with the 75p Frakta bag.Ikea is set to inaugurate ‘Hus of Frakta’, a unique pop-up experience on London’s Oxford Circus, emphasising one of its most popular items – the blue Frakta bag. This initiative precedes the much-anticipated opening of Ikea’s Oxford Street location…
CML Microsystems, a British semiconductor company, reports an 18% rise in sales despite industry challenges.The company is facing a subdued demand for semiconductors and delays in US facility upgrades.Planning difficulties and increased costs have escalated due to US building permit delays.CML remains optimistic, citing its ability to adapt swiftly to potential tariff changes.Plans to sell surplus land at its Essex site aim to boost its financial standing.CML Microsystems, known for developing mixed-signal, RF, and microwave semiconductors for communications, has achieved an 18% increase in sales, reaching £12.5 million in the six months leading to September. This growth comes at a…
Morrisons has undertaken a major restructuring to successfully reduce its debt by £2.4 billion, marking a nearly 40% decrease.Morrisons has effectively reduced its debt from £6.2 billion to £3.8 billion through a comprehensive restructuring effort. This includes extending its term loan facilities from 2027 to 2030, thereby lowering the cost of debt and the overall debt level. Additionally, the supermarket chain has prolonged its revolving credit facility to 2030.This strategic move coincides with a credit rating upgrade from Moody’s, which has improved Morrisons’ owner’s rating from B2 to B1. This upgrade reflects the company’s reduced debt and extended maturities, with…
The recent increase in National Insurance contributions has sparked warnings from major UK retailers.Businesses like Tesco and Amazon predict job losses and store closures due to heightened costs.The government’s fiscal measures could add £70bn annually to retail sector expenses.Retailers warn these costs will contribute to increased inflation and slow pay growth.Treasury responses highlight tough choices made to stabilise the economy.The UK’s major retailers have issued a stark warning following the government’s decision to raise National Insurance. The change, announced by Chancellor Rachel Reeves, increases employers’ National Insurance rate by 1.2% to 15% starting in April and lowers the salary threshold…
As online shopping grows, parcel lockers emerge as the solution to common delivery frustrations.Missed deliveries are a major concern for consumers leading to increased interest in parcel lockers.Out-of-home (OOH) delivery options are being adopted widely, with 58% of B2C deliveries now using them.Convenience and cost-effectiveness are key factors driving the shift towards parcel lockers.Retailers see a reduction in cart abandonment by offering diverse delivery options like OOH.The challenges of missed deliveries are a significant frustration for online shoppers. With packages often left at doorsteps, returned to sorting facilities, or lost in transit, consumers are looking for more reliable solutions. Parcel…