The Organisation for Economic Co-operation and Development (OECD) has called for ‘significant action’ to stabilise the UK’s public finances.This follows concerns about mounting financial pressures and unsustainable debt levels.Key recommendations include reviewing tax policies and reforming the council tax system.The UK government’s debt has risen to almost 100% of GDP, heightening fiscal challenges.Chancellor Rachel Reeves is preparing her first budget, facing a £22 billion overspending dilemma.The Organisation for Economic Co-operation and Development (OECD) has issued a stark warning regarding the stability of the United Kingdom’s financial situation. The international body has stressed the need for ‘significant action’ ahead of Chancellor…
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The Range and Wilko’s owner, CDS Superstores, has entered into a strategic partnership with THG Fulfil for enhanced fulfilment services.This collaboration aims to support the brands’ omnichannel expansion, focusing on home, leisure, and garden products.Part of the deal includes using advanced warehouse automation, featuring a fleet of new robots to optimise operations.The partnership will facilitate the relaunch of thousands of Wilko branded items, enhancing distribution efficiency.THG Fulfil’s expertise is expected to significantly improve customer service and brand reputation for The Range and Wilko.CDS Superstores, which owns The Range and Wilko, has announced a new strategic partnership with THG Fulfil. This…
In 2023, Pret A Manger’s sales soared by 22% to reach an unprecedented £1.1 billion, marking a significant milestone powered by its strategic overseas expansion.Sales for Pret A Manger rose by 10% to £569 million in the first half of 2024, with same-store sales growing by 3%.Approximately £1 of every £4 that Pret’s customers spend now comes from outside the UK, highlighting its successful international reach.Franchising has become a vital revenue stream, accounting for a third of Pret’s total sales.The company plans to further expand its presence on the US East Coast by opening more than 10 new shops by…
TrueX, a pioneering crypto exchange, is set to revolutionise stablecoin transactions.With its foundation built by ex-Coinbase leaders, TrueX leverages PayPal’s PYUSD to stabilise the volatile crypto market.Innovative Foundations and LeadershipVishal Gupta and Patrick McCreary are the masterminds behind TrueX. Having served at pinnacle positions within Coinbase, these financial architects bring unparalleled expertise to the forefront. Their deep-rooted experience with Goldman Sachs and USDC stablecoin at Circle Internet Financial Ltd further enhances their credibility. This exchange is poised to innovate the crypto landscape extensively.Strategic Utilisation of StablecoinTrueX strategically utilises PayPal’s PYUSD as the preferred transactional token. This stablecoin is designed to…
Fantom (FTM) has experienced a significant surge in value, increasing by 40% over the past month.This notable growth has positioned FTM as a leading cryptocurrency in the market, catching the attention of investors and analysts alike.The upcoming Sonic upgrade is set to revolutionise Fantom’s infrastructure. Introducing the Fantom Virtual Machine (FVM) and enhanced Lachesis consensus mechanism, the upgrade promises to boost network performance dramatically. Capable of over 10,000 transactions per second with one-second finality, these advancements are expected to significantly bolster Fantom’s appeal among developers and investors.Fantom’s price trajectory has followed a classic ‘cup and handle’ pattern, indicating bullish prospects.…
The UK Supreme Court’s decision regarding the employment status of English football referees signifies a significant legal development.Referees for English football matches are now legally considered employees, obligating Professional Group Match Officials Ltd to handle tax deductions.The ruling emphasizes the importance of accurately identifying employment statuses to ensure individuals receive their rights.Legal expert Andrew Willis highlights the court’s focus on practical realities over labels in determining employment status.Potential changes under the prospective Labour government could lead to a simplified single status of worker.The UK Supreme Court has delivered a landmark ruling regarding the employment status of referees in English football,…
Revolut, the prominent financial technology firm, is poised to enter the crypto stablecoin market. Reports suggest that the company is making substantial progress in developing its own digital currency.In an increasingly competitive sector, Revolut aims to provide a compliant and secure option for traders and investors. With a strategic focus on expanding its cryptocurrency offerings, the London-based company is set to leverage its recent growth and newly acquired UK banking license.Revolut’s Venture into StablecoinsThe stablecoin arena has rapidly become a crucial segment of the cryptocurrency market. According to DeFi Llama data, these tokens have amassed a market cap exceeding $170…
An anonymous crypto enthusiast recently unearthed a significant opportunity: a wallet laden with $105K in JUP tokens. With just hours before the claim deadline, they took action.Connecting with the wallet owner on social media, the tokens were successfully recovered, yet the good Samaritan received no acknowledgment. This story underscores the unpredictable nature of goodwill in the vast crypto landscape.An Unexpected DiscoveryEncountering a wallet with a fortune in unclaimed JUP tokens isn’t an everyday event. But for one crypto trader, this surprising find led to a frantic effort to contact the owner. With the clock ticking, they turned to platforms like…
THG is contemplating the separation of its Ingenuity service as part of its strategic review to enhance shareholder value.The aim of the demerger is to streamline THG into two main segments: THG Beauty and THG Nutrition.No specific timeline for this demerger has been established, though tax clearances have been secured by HMRC.Any future demerger will require approval from THG shareholders, with further details to be disclosed later.Revenue has decreased by 3.6% in the half-year report, although adjusted EBITDA showed slight growth.THG has disclosed plans to potentially demerge its Ingenuity ecommerce service as a component of its broader strategy to maximise…
Fantom (FTM) is drawing attention in the crypto sphere with its potential for a breakout. Recent developments suggest a bullish trend.With the Sonic upgrade on the horizon, investors and traders are optimistic about Fantom’s future performance, predicting significant price movements.Sonic Upgrade: A Catalyst for ChangeThe impending Sonic upgrade, set for late 2024, could be transformative for Fantom. This upgrade promises to introduce the Fantom Virtual Machine (FVM), optimise the Lachesis consensus, and revamp Carmen database storage. Post-upgrade, the network is expected to handle over 2,000 transactions per second, marking a stark improvement from the current 30 TPS.The upgrade’s significance cannot…