Author: Sam Allcock

Mat Dunn, Gymshark’s CFO, has left the company two years after joining.The departure was quietly noted in a Companies House update with no formal announcement from Gymshark.Dunn, formerly of ASOS, had a significant role in refining Gymshark’s financial strategies.His tenure saw a notable drop in pre-tax profits despite rising revenues.The search for Dunn’s successor is currently underway, with no public comments from Gymshark.Mat Dunn’s exit from Gymshark two years after his appointment was subtly revealed in a Companies House update. The company did not disclose any further details or issue a formal statement regarding this change. Dunn, who was formerly…

Tron (TRX) has crossed a monumental milestone, achieving a market capitalisation of over $20 billion. This development marks a significant boost for altcoin activity as the year draws to a close. Analysts predict a vibrant altseason on the horizon, driven by shifting market dynamics and strategic investments.TRON (TRX) Hits Unprecedented MilestoneTRON, the blockchain platform spearheaded by Justin Sun, has reached a remarkable milestone. Its market capitalisation now exceeds $20 billion, an achievement that has grabbed the attention of the crypto community. Within 24 hours, TRX’s price surged by 13%, hitting an all-time high of $0.23 as of December 3. This…

Unilever is preparing to sell several food brands valued at over €1 billion as part of a strategic move to streamline its operations, according to CEO Hein Schumacher. This decision follows a report indicating plans to offload assets in Britain and Europe, as the company aims to concentrate on core products.Schumacher expressed a desire to refine Unilever’s assortment, described as a “rather eclectic portfolio of food brands,” focusing more on condiments, products, and sauces tailored for restaurants and professional kitchens. Although specific brands earmarked for sale were not disclosed, the decision is part of a broader strategy to tighten the…

Carlsberg has formally concluded its exit from Russia following the ratification of its asset sale agreement by Russian authorities.Carlsberg has successfully divested its shares in Baltika Breweries, as confirmed by documents viewed by Reuters. The Russian government has sanctioned the sale of Carlsberg’s assets to the local entity, VG Invest, for a total of 34 billion roubles, equivalent to £252.5 million. This transaction is a significant development following the Russian state’s previous seizure of Baltika shares in July 2023 under a presidential decree targeting firms from so-called ‘unfriendly’ nations.At the time of the seizure, Carlsberg had not been formally apprised…

The revolutionary ‘data art’ platform, Darta, has launched in Manchester, offering unique art pieces created from running data.Darta provides a modern alternative to traditional medals by transforming running achievements into personalised art pieces.Users can create art in three simple steps: choose a style, input running data, and select a printing option.The platform was developed by Darren Hughes, known for his passion for running and technology.AI advancements have enabled Darta to offer a variety of artistic styles, aligning perfectly with the platform’s development.In a significant development for runners and art enthusiasts, the ‘data art’ platform Darta has launched in Manchester. This…

Microsoft is under legal scrutiny in the UK for its cloud pricing practices, potentially impacting a wide range of businesses.A claim suggests unfair up-charging for businesses using cloud services like Amazon and Google instead of Microsoft’s Azure.The legal action, led by Dr Maria Luisa Stasi, aims to expose Microsoft’s alleged anti-competitive practices.The Competition Appeal Tribunal is set to hear the case, which involves significant claims about unlawful business penalties.The lawsuit follows other complaints against Microsoft in the cloud sector, intensifying scrutiny on their market behaviour.Microsoft is currently dealing with a significant legal challenge in the UK, where it has been…

The Manchester branch of a global consultancy has achieved significant financial success, surpassing a £10m revenue milestone.The office, founded in 2019, has seen an impressive growth rate of 107.3% annually.Having started with just four team members, it now boasts nearly 100 employees under the leadership of Caroline Grant.Slalom’s partnerships extend to over 110 companies in diverse sectors from retail to financial services.The company’s global presence is marked by 49 offices across ten countries with nearly 12,000 employees.The Manchester office of a prominent global tech consultancy has reported an impressive financial milestone, achieving a year-to-date revenue of £10.3 million. This accomplishment…

Linkin Park is staging a memorable comeback, supported by a Manchester agency.Modern English, a creative tech firm, crafted the band’s promotional website.The website blends Linkin Park’s legacy with a modern touch for a global audience.Mobile-first design ensures an engaging user experience across devices.The site features an interactive ‘web toy’ showcasing album art variations.Linkin Park is making a significant return, with their comeback effort bolstered by the digital expertise of a Manchester-based agency. The band’s resurgence is underscored by the launch of a new promotional website, innovatively designed by Modern English, a notable creative tech firm.With a brief to echo the…

Farmers express profound discontent with the UK government’s proposed changes to inheritance tax, describing it as a significant betrayal. The proposed policy aims to raise substantial revenue by 2029 but is met with strong opposition from the farming community. There are concerns about its impact on the longstanding tradition of family farms and the livelihoods of farmers. The National Farmers’ Union (NFU) is actively challenging the government’s data and assumptions. A growing divide over policy details emerges between the government and farmers.Farmers across the United Kingdom have articulated a deep sense of betrayal over the government’s new inheritance tax proposal.…

Typhoo Tea, the United Kingdom’s oldest tea brand, has experienced significant challenges under its previous ownership, marked by crippling debt and declining sales. However, a recent acquisition by Supreme marks a new chapter for the beleaguered company.Supreme, primarily known for its vape products, acquired Typhoo Tea for £10.2 million after the company fell into administration last week. The acquisition follows a turbulent period for the tea brand, which saw sales plummet by 26% to £25 million in 2023 from £34 million the previous year. Losses during this time escalated to £38 million, nearly quadrupling from £9.7 million in 2022, while…