Bitcoin’s status as a ‘risk-on’ asset is being questioned by BlackRock’s Robbie Mitchnick. As Bitcoin experiences a new surge, misconceptions about its investment nature are brought to light. Contrary to traditional asset behaviours, its unique economic drivers are emphasised. BlackRock suggests Bitcoin may offer an innovative addition to investment portfolios.In an insightful discussion, BlackRock’s Head of Digital Assets Robbie Mitchnick challenges the prevailing notion that Bitcoin aligns with risky assets. He highlights Bitcoin’s uncorrelated behaviour with traditional markets, arguing for its potential role as a strategic portfolio component. Such insights emerge as Bitcoin rallies, buoyed by market and regulatory optimism.Reevaluating…
Author: Sam Allcock
Sam Allcock is a seasoned entrepreneur and passionate storyteller with a keen eye for emerging trends and viral phenomena. With over a decade of experience in the business world, Sam has successfully launched several startups that blend innovation with creativity. At 88com.net, he brings his expertise in curating compelling content that captures the zeitgeist of our digital age. When he's not exploring the latest trends, Sam enjoys connecting with his audience and sharing insights that inspire and inform. Join him on a journey through the stories that are shaping our world today!
Ted Baker’s online presence has been revitalised with the launch of a new ecommerce website, marking a significant step for the brand.The newly launched site offers a wide range of menswear, womenswear, and accessories, catering exclusively to the UK market.Ted Baker’s new digital platform promises a refined shopping experience by focusing on sleek visuals and intuitive navigation.The brand’s transition to its new operating partner, United Legwear and Apparel, follows the previous operator’s collapse.Plans are underway to expand this refreshed online shopping experience to European customers in the near future.In a bid to re-establish its online retail presence, Ted Baker has…
Mytheresa, a renowned luxury e-tailer, is currently experiencing financial challenges despite an increase in its sales and profitability metrics. The company’s recent financial outcomes reveal a complex scenario where net sales are rising even as losses swell.During the first quarter of the 2025 financial year, Mytheresa saw its net sales increase by 7.6%, reaching €201.7 million (£168.7 million).Exclusive collaborations with top-tier luxury brands like Loewe and Chloé contributed to the company’s allure, while high-profile customer events bolstered engagement.The average order value witnessed a remarkable 9% increase, setting a new record of €720 (£603).However, a significant rise in operating losses, increasing…
Apprentify introduces Flourish, an innovative approach set to redefine recruitment by embracing talent from diverse backgrounds.Flourish aims to support individuals from various socio-economic backgrounds, focusing on non-graduates and career changers.Led by Sarah Skelton, the company addresses the industry’s neglect of potential talent not fitting traditional moulds.Flourish provides continuous support, including mental wellbeing coaching, to enhance sales acumen and personal growth.Co-founder Jonathan Fitchew emphasises Flourish’s commitment to not only placing talent but also ensuring their continued success.The recruitment landscape is undergoing a transformation with the launch of Flourish, a new initiative by Apprentify. This venture is committed to discovering and nurturing…
The Body Shop is undergoing significant leadership changes in its strategy to revive growth post-acquisition. Penny Brook has been appointed as chief marketing officer, bringing her branding expertise from Canada Goose. Sally Dowling, with a strong financial background, is appointed as chief financial and operations officer. These appointments align with the company’s goals for innovation and sustainable growth. The Body Shop is positioned for a promising future under its new leadership.The Body Shop is reshaping its leadership team to accelerate growth following its recent acquisition. This marks a pivotal moment for the ethical beauty retailer, as it appoints Penny Brook…
Ozone has announced a significant new partnership with Mediahuis Ireland to enhance its audience reach.Mediahuis, a leading news source in Ireland, brings popular titles like the Irish Independent into Ozone’s fold.The collaboration aims to boost brand opportunities, extending reach by adding Mediahuis’ regional audiences.Incorporating Mediahuis expands Ozone’s presence, now reaching a third of UK adults daily.This move strengthens Ozone’s alliances with key media publishers in the UK and Ireland.Ozone, a digital advertising platform with bases in Manchester and London, has formed a new partnership with Mediahuis Ireland. This collaboration will integrate Mediahuis’ extensive array of news and media outlets into…
Wales has decided to advance with its own deposit return scheme, opting to include glass bottles despite previous exclusions under UK regulations.The move by the Welsh government to proceed independently with their deposit return scheme marks a significant step in their commitment to boost recycling. Initially, the UK Conservative government, under the Internal Market Act 2020, excluded glass bottles from any such schemes to prevent internal trade barriers. However, Wales remains steadfast in its inclusion of glass, breaking away from the uniform policy expected across the UK.The initiative will allow consumers to claim a small monetary reward for returning empty…
In a dramatic turn of events, global financial markets experienced significant turbulence following President Vladimir Putin’s recent nuclear decree. Market experts are observing reactions as geopolitical tensions reach alarming levels. Stocks and cryptocurrencies are showing signs of weakness, reversing prior gains. Investors are on edge, watching developments closely.Putin’s nuclear decree has created a sense of fear across financial sectors. Stock markets saw profound selloffs, reflecting the growing uncertainty. Cryptocurrencies, once seen as a safe haven, also weren’t spared from the downturn. This atmosphere of volatility has prompted analysts to forecast potential corrections and unsettling market impacts.Crypto Market Takes a HitCryptocurrencies…
JD Sports launches a heartwarming family-themed Christmas campaign offering a £1000 prize.The campaign encourages customers to celebrate diverse family bonds within a festive setting.Shoppers can participate by capturing family moments at JD’s in-store photo booths.Sharing these moments on social media could earn a £1000 JD gift card.The initiative highlights the significance of authentic family connections over festive season.With Christmas around the corner, JD Sports has unveiled a new campaign inviting customers to celebrate the essence of family. This initiative aims to embrace the diversity of family dynamics, encouraging individuals to cherish their unique definitions of family.Customers visiting JD stores can…
UK retailers have issued a stern warning to Chancellor Rachel Reeves, stating that her Budget decision to increase employers’ National Insurance contributions will lead to unavoidable job losses and price hikes. This assertion was made clear in a letter endorsed by over 70 companies, including leading names such as Tesco, Sainsbury’s, Asda, and Morrisons.The recently announced Budget changes mean that, from April 2025, employers will see their National Insurance contributions rise from 13.8% to 15% on earnings above £175 a week. This, combined with an increase in the national minimum wage and new packaging levies, could result in a £7bn…