Author: Sam Allcock

The high-profile City litigation firm, Quinn Emanuel, has faced a costs penalty for its lack of engagement with allegations concerning the authenticity of a significant document deemed potentially forged. The controversy revolves around a report produced during an arbitration dispute involving Russian oligarchs, sparking questions about procedural diligence and responsibility.Mr Justice Calver acknowledged the reputable status of Quinn Emanuel, recognising that the firm acted out of concern for client privacy. However, its approach increased the costs involved in handling a Norwich Pharmacal order application against it. Earlier, Calver J had mandated that the law firm identify the business intelligence agency…

Skechers has marked a milestone with record-breaking sales for the third quarter of 2024.The company saw a remarkable 15.9% increase in sales, reaching $2.35 billion.Significant growth was noted, with 21% in wholesale and 10% in direct-to-consumer commercial channels.Expansion was driven by impressive performances across all regions, particularly in Europe, the Middle East, and Africa.The brand continues to innovate and expand its market presence through strategic collaborations and community partnerships.In a remarkable achievement, Skechers reported unprecedented global sales of $2.35 billion for the third quarter of 2024, marking a substantial year-on-year growth of 15.9%. The company’s net earnings for the period…

In a significant financial manoeuvre, Nillion has garnered $25 million to bolster its privacy technology offerings. This funding marks a notable step for the company, which operates outside traditional blockchain constraints. With this capital, Nillion plans to further its mission of providing innovative privacy solutions.Nillion’s Funding MilestoneNillion has successfully raised $25 million to enhance its privacy-focused platform. Hack VC spearheaded this latest funding round, which took place on October 30. This financial boost brings Nillion’s total funding to over $50 million, marking their second major fundraising event of the year. This influx of capital signifies a pivotal moment for the…

Visa and Coinbase have teamed up to make instant crypto transactions a reality. This exciting development allows Visa debit card holders to buy and cash out crypto seamlessly. With millions of users already connecting their cards, the partnership is set to redefine digital finance.Eligible cardholders in the U.S. and Europe can now access their funds in real-time. This means faster transactions and a significant step forward in the integration of crypto into everyday financial activities.The Rise of Instant Cryptocurrency TransactionsThe partnership between Visa and Coinbase represents a significant shift in how users interact with cryptocurrency. With the integration of Visa…

The 2024 Autumn Budget introduces significant changes and initiatives impacting the tech sector in the UK.Chancellor Rachel Reeves outlines funding for clean energy and climate tech as major focuses.Life sciences receive substantial support, indicating a boost in innovation and research opportunities.Investors and tech entrepreneurs face changes as R&D tax relief remains, but capital gains tax is set to increase.These initiatives mark Labour’s first budget statement, aiming to balance innovation with economic stability.Chancellor Rachel Reeves has announced the 2024 Autumn Budget, setting a forward-thinking agenda for the UK’s tech sector. The budget prioritises funding for clean energy and climate technology projects,…

Jigsaw has reported “encouraging early signs” despite a recent dip in profit margins, showcasing efforts to rebuild strength.In the year ending 27 January 2024, Jigsaw’s sales rose by £0.7m, reflecting a 2.3% increase.Though EBITDA declined to £0.7m from £3.6m in the previous year, Jigsaw remains optimistic about recovery.CEO Hash Ladha has been pivotal in restructuring the business, aligning it with core objectives since his appointment.The retailer opened three new stores and relaunched its online business, noting positive customer reactions.Jigsaw, a noted womenswear brand, announced that while profits have fallen over the past year, there are “encouraging early signs” of improvement.…

TK Maxx has released its anticipated Christmas advert for 2024, spotlighting its quirky ‘Festive Farm’ theme.The advert features endearing farm animals dressed in fashionable Christmas attire, bringing a whimsical touch to the holiday season.Launch of the ‘Festive Farm’ campaign will be widely distributed across social media platforms and various advertising mediums starting 7 November.A portion of sales from related soft toys will support The King’s Trust, promoting a charitable aspect to TK Maxx’s seasonal offerings.The campaign features a collaboration with the creator of ‘Sylvanian Drama’ to showcase the festive characters on TK Maxx’s social media.TK Maxx has unveiled its eagerly…

Virtual real estate is not just a trend—it’s an industry transforming before our eyes. The metaverse is where digital dreams materialize into high-value assets. With transactions hitting millions, it’s clear this market is ripe for investment and innovation. The metaverse’s potential is vast, promising unparalleled experiences for users willing to delve into its offerings. As digital landscapes become as sought after as physical locations, pioneering platforms stand at the forefront of this evolution, driving future growth. EarthMeta is a key player in this exciting new world.Virtual Real Estate: A Thriving MarketVirtual real estate has rapidly transformed into a multi-billion dollar…

Deichmann achieves unprecedented UK sales in 2023, overcoming numerous challenges.The UK’s largest footwear retailer saw its revenue soar to £139.1m, a 14% increase from 2022.Online sales mirrored this growth with a 14% rise as marketing efforts strengthened brand recognition.Expansion efforts continued with nine new stores, including a landmark first store in Northern Ireland.Store refurbishments and technological upgrades are part of ongoing strategies to enhance growth.In 2023, Deichmann, a prominent footwear retailer, reported its strongest UK sales to date, achieving revenue of £139.1 million. Despite a challenging year, the company’s financial performance marked a significant 14% increase compared to the previous…

Chancellor Rachel Reeves presents her first budget, indicating a shift in economic priorities.Capital gains tax rates are set to increase, aiming to bolster government funds.Businesses face higher National Insurance contributions as part of new fiscal strategies.The government plans to boost investment in digital and energy sectors.Relaxed fiscal rules promise more freedom for capital expenditure.Chancellor of the Exchequer, Rachel Reeves, has unveiled the Labour government’s first budget since taking office, signalling a significant shift in economic priorities. Reeves aims to align her fiscal strategy with manifesto promises, presenting her approach as a crucial first step in meeting economic goals. This budget…