Author: Sam Allcock

Asos is set to overhaul its executive remuneration scheme to drive shareholder value.The new Value Creation Plan (VCP) is designed to replace the existing Long Term Incentive Scheme.Under the proposed VCP, senior leaders would be rewarded if the share price exceeds £6.70.The maximum annual executive bonus under the VCP could reach up to 150% of the base salary.Shareholders will discuss the new pay proposals at a general meeting on 20 August.Asos has unveiled a proposed overhaul of its executive remuneration structure, announcing the new ‘Value Creation Plan’ (VCP). This plan aims to replace the pre-existing Long Term Incentive Scheme with…

The exploration of soothing sounds reveals thunderstorm as the most popular choice globally, leading with remarkable YouTube viewership.Accruing 409 million views, thunderstorm sounds exemplify ‘white noise’, known for its calming effect by masking other distracting noises.Rainfall, with 399 million views, is close behind, characterised by ‘green noise’, providing rhythmic and soothing auditory experiences.Fire crackling sounds have garnered 197 million views, serving as an audio-visual buffer against stress through continuous, comforting noise patterns.Ocean waves and running streams follow, highlighting the preference for natural water sounds that evoke tranquility and pleasant memories.The investigation into widely preferred soothing sounds places thunderstorm at the…

Warm weather brings unique challenges to EpiPen users, highlighted by Dr Bhavini Shah.EpiPens, crucial for those with severe allergies, require proper storage to maintain efficacy.Over 20% of the UK population is affected by allergies, making EpiPen awareness vital.Direct exposure to UV light and extreme temperatures can degrade the medication.Ensuring EpiPens are within their expiration date and correctly stored is essential.In light of rising temperatures, Dr Bhavini Shah emphasises the importance of correctly storing EpiPens, to prevent malfunction. EpiPens are life-saving devices for individuals with severe allergies, known as anaphylaxis, and need particular care during warm weather.EpiPens are adrenaline auto-injectors that…

Italian luxury label Salvatore Ferragamo experienced a notable decline in profits for the first half of 2024.The operating profit fell by 41% year-on-year, dropping from €47m to €28m.Total revenue decreased by 12.8%, heavily influenced by a drop in wholesale revenue.Asia Pacific and European markets were particularly challenging, with sales declines of 17% and 16.1% respectively.CEO Marco Gobbetti highlighted a focus on enhancing top-line performance and customer engagement.Italian luxury brand Salvatore Ferragamo has reported a significant reduction in profits for the first half of fiscal 2024. The company’s operating profit declined by 41% year-on-year, falling from €47 million (£40 million) in…

Market makers play a crucial role in the financial markets by providing liquidity and facilitating efficient trading. For traders aiming for success, knowing the top market makers is vital.This article delves into the foremost market makers of 2024, examining their technologies, strategies, and why they stand out in the trading world.Virtu Financial: A Leader in Market MakingVirtu Financial stands out as a global leader in providing financial services. They ensure liquidity for over 25,000 securities across 235 venues by using advanced technologies and a robust trading infrastructure. This strengthens market access and price discovery for clients, ranging from institutional investors…

The global accounting profession is facing a severe mental health crisis.New statistics reveal that increased working hours and reduced salaries are causing significant harm to accountants’ wellbeing.A staggering 90% of accounting professionals report experiencing stress, with 33% describing this harm as severe.The talent shortage in the accounting sector has led to an existential skills gap, pushing many professionals out of the industry.Advancetrack has proposed five strategic action points to address these challenges, focusing on flexible work, career development, and technology.The global accountancy profession is confronting a mental health emergency, with 90% of professionals reporting significant stress due to heightened work…

A concerning number of young workers feel disadvantaged in hiring processes due to bias, according to recent research.Over 37% of workers aged 25-34 and 36% aged 16-24 report experiencing discrimination.Accent and ethnicity are leading causes of perceived bias among young adults.Older workers report less discrimination but cite age as a primary factor when it occurs.Employers are urged to use unbiased AI models to tackle these persistent issues.Research highlights a significant issue facing younger workers in the UK, with a notable percentage believing they encounter bias in recruitment. Over 37% of individuals aged 25-34, alongside 36% of those aged 16-24, claim…

John Lewis is embarking on a transformation programme to enhance its buying and merchandising departments under the leadership of Peter Ruis.Around 48 new roles are set to be introduced, while consultations are ongoing regarding 20 existing positions.The updated structure aims to improve product offerings and facilitate clearer career progression for Partners.The reorganisation includes re-establishing leadership positions across fashion and home departments, with investments in new brands.Peter Ruis is confident that these changes will bolster growth despite challenging market conditions.John Lewis is undertaking a significant transformation of its buying and merchandising teams, spearheaded by Peter Ruis, who has returned to the…

Len Goodman, an impactful figure in the footwear industry, has died at the age of 93. His career spanned decades, beginning with the founding of London Lane Shoes in the 1960s.London Lane Shoes became known for its unique style and quality, selling to major retailers like the British Shoe Corporation.Goodman later sold his company to Clarks, but repurchased it after the division closed in 1972.He was a mentor to many, including his nephew Daniel Rubin, who praised his knowledge and integrity.Goodman’s legacy continues to inspire, despite the closure of his business in 1988 as manufacturing shifted overseas.Len Goodman, a luminary…

The rise of avatars in digital domains underscores significant technological progress. These digital personas enhance user experiences across various platforms.Avatars, historically restricted, are now intricate, reflecting user desires and personalities. This piece delves into avatars’ evolution and influence.Evolution of AvatarsThe term “avatar” has its roots in the Sanskrit word ‘avatāra’ signifying ‘descent’. Traditionally, it indicates a deity incarnating on Earth in Hindu beliefs, akin to a divine teacher. To the wider audience, it symbolises an embodiment of a person or idea manifested digitally.From its early adoption in gaming, avatars have morphed into complex digital identities. The 1985 video game Ultima…