Author: Scott Dylan

Scott Dylan is the Founder of NexaTech Ventures

Sainsbury’s has successfully enhanced its renewable energy portfolio by completing the Pines Burn Wind Farm in the Scottish Borders, marking a significant step in its sustainability efforts.The Pines Burn Wind Farm, featuring seven newly constructed turbines, contributes 33.6 megawatts (MW) of electrical capacity to the power grid. This development is expected to generate approximately 92,000 megawatt-hours (MWh) of electricity annually, representing around 8% of Sainsbury’s annual energy requirements.Since July 2022, the project has been under construction, and with its completion, Sainsbury’s has committed to purchasing 100% of the renewable energy it produces over the next 15 years. This not only…

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A significant advancement has been made in Cardiff’s office sector, marking an enhancement in its commercial attractiveness.5 Callaghan Square has secured new tenants, strengthening its position as a key location in Cardiff’s city centre.Teneo Strategy relocates from Brunel House, reinforcing its commitment to the area.Environmental Resources Management expands with a new lease, aligning with sustainability efforts.The property sees continued interest, reflecting a trend towards premium office spaces.A significant advancement has been made in the Cardiff office sector with the successful acquisition of new tenants at 5 Callaghan Square. This development enhances the commercial appeal of the area, bringing in prestigious…

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UK supermarkets have experienced a notable rise in sales, driven by a shift in consumer shopping habits towards more frequent, smaller trips.In the past month, UK supermarkets have witnessed a 4.7% increase in total till sales, up from 4% the previous month. This growth has been attributed to a change in shopper behaviour, where consumers are now making nearly five grocery trips per week, visiting approximately eight different stores.This behavioural shift has resulted in smaller average basket sizes, with the value dropping to £18.62, marking a 4% decline from the previous year. However, despite the reduced basket size, there has…

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UK supermarket sales have witnessed a notable rise, attributed to a shift in consumer shopping behaviours towards more frequent, smaller purchases.In recent weeks, UK supermarkets have experienced a 4.7% increase in total till growth, up from 4% the previous month. This change reflects a growing trend among shoppers opting for smaller, more frequent shopping trips. As a result, household shopping frequency has increased to nearly five times a week, with visits spanning an average of eight different supermarkets.Despite a reduction in basket sizes, with the average expenditure dropping to £18.62, 4% lower than the previous year, there has been a…

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The International Monetary Fund (IMF) has highlighted the urgent need for fiscal adjustments in the UK to mitigate growing debt concerns.The IMF’s latest report indicates that both the UK and US are experiencing borrowing rates surpassing pre-pandemic levels, raising alarm over national debt sustainability.Reeves is expected to announce significant tax hikes in her upcoming budget, with potential measures targeting capital gains tax and employers’ pension contributions.Labour leaders face the challenge of balancing fiscal responsibilities while honouring commitments to increase public sector investment and avoid austerity.The IMF underscores that fiscal policies should now focus on debt sustainability to rebuild economic stability…

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Poundland is set to enhance customer value with a nationwide release of its rewards app, marking a significant £20m investment.The app, named Poundland Perks, allows users to collect points that can be transformed into digital vouchers for in-store or online use.Over 100 offers will be presented to users at any given time, broadening their shopping experience.This advancement comes after a successful trial in 100 stores across Northern Ireland, Scotland, and the Isle of Wight.The company’s digital innovation aims to provide additional value beyond its existing low prices, distinguishing it from competitors.Poundland is embarking on a nationwide launch of its rewards…

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Poundland has announced the nationwide launch of its new rewards app, marking a significant £20 million investment to enhance customer value.The newly introduced Poundland Perks app allows users to collect ‘perk points’ on purchases, redeemable for store or online vouchers.During initial trials in Northern Ireland, Scotland, and the Isle of Wight, the app proved successful, with over 500,000 sign-ups.Users will have access to at least 100 perks offers on various products, increasing the appeal of shopping at Poundland.This initiative aims to distinguish Poundland from other retailers by providing additional value on top of already competitive prices.Poundland is taking a strategic…

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The IMF has called for the UK to increase taxes and limit spending to stabilise its public finances. This comes amid concerns over rising debt levels and fiscal sustainability.Chancellor Rachel Reeves is preparing significant tax hikes, addressing fiscal challenges while promoting economic growth.Labour inherited a substantial fiscal deficit, necessitating difficult decisions to balance budgets without austerity.The IMF emphasises the need for immediate fiscal corrections globally, highlighting growing spending pressures.Reeves faces a complex task of maintaining economic stability while ensuring public investment.The International Monetary Fund (IMF) has issued a stern recommendation to the United Kingdom, urging the government to adopt measures…

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An Instagram post by influencer Kayleigh Johnson, promoting a specific infant formula, has been banned for violating the United Kingdom’s stringent advertising guidelines.The post in question, which appeared on Kayleigh Johnson’s Instagram story, included an affiliate link to a product page for infant formula on a major supermarket’s website. Accompanying the post was a prompt asking, ‘Are you going to breastfeed? If not what formula will you use?’ along with a personal account of the influencer’s own breastfeeding journey.The UK’s Advertising Standards Authority (ASA) strictly prohibits the marketing of infant formula under the Advertising Code, emphasising the need to protect…

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Carlsberg Marston’s decision to close a historic brewery has sparked concern.Around 100 jobs are at risk as Banks’s brewery in Wolverhampton faces closure.The closure comes amid restructuring efforts following strategic business changes.Carlsberg Marston’s plans increased investment in other UK plants and logistics.The news reflects broader challenges faced by the beer industry in the UK.In a move that has stirred concern, Carlsberg Marston’s Brewing Company has announced plans to close its historic Banks’s brewery in Wolverhampton. This decision will put approximately 100 jobs at risk and marks a significant moment in the year of the brewery’s 150th anniversary. The brewery, known…

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