Author: Sam Allcock

The Financial Accounting Standards Board has taken a decisive step forward by implementing a new standard for valuing cryptocurrencies. This change allows companies to assess certain digital assets at their current market value. The update is expected to improve transparency and align valuations more closely with market dynamics. This reform responds to stakeholders who have called for a modern approach to digital asset accounting.The amendment marks a shift from the previous method which accounted for impairment losses, thereby providing a clearer picture of a company’s holdings. By incorporating real-time value changes into financial reports, businesses can reflect true market conditions.…

Charlotte Tilbury is unveiling its largest global store in Covent Garden next year.The new flagship will offer a variety of exclusive services and interactive elements.This store will have the world’s first Skin Spa and the inaugural Pillow Talk Bar.Launching on 9 January 2025, it will significantly expand the brand’s physical presence.As a beauty pioneer, Tilbury’s expansion demonstrates the brand’s innovative approach.The renowned beauty brand, Charlotte Tilbury, is poised to open its largest global flagship store in the vibrant Covent Garden area early next year. This new outlet promises to be a remarkable destination for beauty enthusiasts, offering an enhanced and…

A recent report raises concerns about generative AI’s impact on education inequality in the UK.The Digital Poverty Alliance reports a lack of oversight on AI use in schools.Digital poverty in England affects 19 million people, limiting access to AI benefits.Calls for comprehensive AI training for teachers and students to bridge educational gaps.Potential for societal biases in AI systems is highlighted as a risk.The recent analysis by the Digital Poverty Alliance brings attention to the underdeveloped AI policies in UK education. According to their findings, there is a significant lack of oversight by local authorities concerning the utilisation of AI technologies…

Concinnity Genetics, a promising Edinburgh-based health tech spinout, has successfully raised £3 million in a funding round.Founded in 2023, the company focuses on developing innovative gene therapies with advanced control mechanisms.The investment round was led by Eos Advisory, with additional backing from Scottish Enterprise and other significant investors.The raised funds will be utilised to enhance the company’s technology and further its mission in safe and effective gene therapies.Concinnity Genetics aims to become a leading partner in gene control, ensuring the safety of gene and cell therapies.Concinnity Genetics, established in Edinburgh in 2023, has quickly positioned itself at the forefront of…

Smoking Gun has been appointed by BWH Hotels as its B2B PR agency.This appointment followed a competitive selection process where Smoking Gun demonstrated exceptional media expertise.BWH Hotels seeks to expand its presence, aiming for 20,000 rooms within five years.Smoking Gun has already secured high-profile coverage in major industry publications.This partnership aligns with BWH Hotels’ strategy to modernise its brand identity and broaden its influence.Smoking Gun has been selected as the B2B PR agency for BWH Hotels, the largest group of independent hotels in Great Britain. This appointment was the result of a competitive selection process, during which Smoking Gun was…

In a vital step for environmental conservation, Nectar360 has announced the extension of its partnership with the Woodland Trust until 2027, offering customers an opportunity to contribute to ecological efforts while earning rewards.Since its inception in 2004, this collaboration between a major retail group and the conservation charity has achieved significant milestones, including the planting of more than 5.1 million trees and the protection of over 2,000 acres of woodland across the UK.Under the renewed terms, customers can make substantial environmental contributions through everyday shopping activities. Supporters earn 20 points for every £1 spent on Woodland Trust memberships online, and…

Celebrated cyclist Sir Mark Cavendish will receive the BBC Sports Personality of the Year Lifetime Achievement award for his outstanding 19-year career.Cavendish’s remarkable achievements include winning 35 Tour de France stages, crowning him as the most successful sprinter in the race’s history.The cyclist overcame significant challenges, including health issues and injuries, to secure 165 career victories.Cavendish’s dedication has positioned him as an inspiration for aspiring athletes, contributing to his legendary status.This award places Cavendish alongside past winners like Usain Bolt and Billie Jean King, recognising his contributions to the sport.Sir Mark Cavendish, known as the ‘Manx Missile’, is set to…

The launch of Ripple’s RLUSD stablecoin marks a significant moment in the crypto landscape, sparking much interest and speculation. Ripple’s CTO, David Schwartz, stepped forward to address these reactions with a crucial piece of advice. As the highly anticipated debut unfolds, understanding its nuances could save investors from unexpected pitfalls.In an insightful post on X, Schwartz highlighted potential challenges such as initial supply shortages and unrealistic price expectations. These insights come at a crucial time as RLUSD prepares to make its market entry. With stability being the cornerstone of this venture, stakeholders are urged to navigate with caution and informed…

Lidl has secured its position as the official sponsor for the UEFA Women’s Euro 2025, demonstrating its ongoing dedication to promoting women’s sports.This partnership marks a significant step for Lidl, which has a history of investing in sports sponsorships. Not only does Lidl back cycling through Lidl-Trek teams during major championships, but its involvement in handball and other football events, such as the UEFA Euro 2024 and other European leagues, highlights its extensive commitment.Jo Gomer, the marketing director for Lidl GB, articulated the company’s mission succinctly: “Sport is an important part of our long-term commitment to inspiring health and conscious…

A major retail milestone as Sports Direct inaugurates its latest store in London’s Westfield White City.The expansive retail unit covers 29,000 square feet across two floors, offering a diverse range of sports gear.This strategic expansion aligns with Sports Direct’s ongoing elevation strategy.CEO Michael Murray highlights this opening as a significant enhancement of their retail presence.Anticipation builds for the next store launch at Westfield Stratford in 2025.Sports Direct has reached a significant milestone with the opening of its new outlet at Westfield White City. The store, sprawling across 29,000 square feet over two floors, showcases an extensive collection of fitness and…