Author: Scott Dylan

Scott Dylan is the Founder of NexaTech Ventures

New research discloses significant wage growth in key UK industries, spearheaded by the Mining and Quarrying sector.The Mining and Quarrying industry led with a 12.95% increase in average weekly earnings over the last year.Administrative and Support Service Activities marked a notable growth with a 12.66% rise in wages within one year.Professional, Scientific & Technical Activities experienced a 9.15% increase, alongside the highest five-year rise among top sectors.Education saw a steady 7.4% wage growth, maintaining upward trends across the sector.In a comprehensive analysis by UK trading platform CMC Markets, the Mining and Quarrying industry was highlighted for achieving the highest annual…

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The UK faces an unprecedented need for food banks as living costs rise.Nearly three million emergency parcels were distributed in 12 months.Over one million parcels were given to children, marking a first.A 37% increase in demand is recorded compared to the previous year.The Trussell Trust calls for government action to address this crisis.In the last year, food banks across the UK have managed the distribution of almost three million emergency food parcels. This staggering number marks a significant increase from previous years, reflecting the growing needs of the population amid a cost of living crisis. Notably, over one million of…

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A significant majority of the UK population is preparing for the King’s Coronation with street parties.According to recent data, 63% of Brits intend to attend local celebrations this May.Younger generations, including Gen Z and Millennials, show higher participation rates than older demographics.Despite economic pressures, many individuals are willing to contribute financially to these events.Londoners emerge as the most likely hosts for these community gatherings.Over 63% of the United Kingdom’s population anticipates participating in local street parties to mark the King’s Coronation this May. This enthusiasm signifies a remarkable collective spirit as citizens prepare for what is described as a ‘once…

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In a significant move within the retail sector, Next has strategically acquired Cath Kidston’s brand and intellectual property for £8.5 million after the latter entered administration.This acquisition includes Cath Kidston’s brand, domain names, and intellectual property, completed via a pre-pack deal.The cathkidston.com domain will be temporarily retained by administrators to manage stock clearance.This change follows a turbulent period of ownership and market challenges for Cath Kidston.Notably, Next’s previous acquisitions include Joules and Made.com, showing a pattern of acquiring struggling retailers.Next, a prominent fashion retailer, has made a strategic acquisition of Cath Kidston, purchasing the brand’s name, domain names, and intellectual…

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In The Style’s recent sale to Baaj Capital leads to leadership changes, sparking transformations within the company.Founder Adam Frisby resigns from the board post-sale, alongside other key directors.The business is acquired by Baaj Capital for £1.2 million, as shareholders approve the deal.Frisby retains an equity interest in the new entity and assumes the role of CEO at ITSFL.The company’s name changes to Itsum plc to reflect its new status and differentiate from the brand.In a significant transformation, Adam Frisby, the founder of In The Style, has stepped down from the company’s board following its sale to Baaj Capital. Joining him…

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Office management often requires balancing multiple tasks effectively.Daily, weekly, and monthly to-do lists enhance organisational efficiency.Task management software can streamline office operations and define priorities.Delegation and team development are crucial to preventing burnout.Office layout and automated systems can significantly influence productivity.Office managers are tasked with overseeing an array of responsibilities, necessitating an organised approach to maintain efficiency. Creating daily, weekly, and monthly to-do lists is a time-tested method that enables managers to keep track of tasks and stay focused on both short and long-term objectives. This structured planning can help anticipate future needs while maintaining present productivity.Introducing task management software…

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Grocery price inflation in the UK has hit a record high, climbing to 17.1% for the four weeks leading to 19 February.This surge has been revealed as the highest level ever recorded by data analytics company Kantar.Take-home grocery sales have mirrored this trend, increasing significantly both in the short and long term.Consumer behaviour has shifted, with many opting for budget-friendly alternatives while celebrating special occasions.These inflationary pressures are now a major concern for households, second only to energy costs.In recent data released by Kantar, a notable spike in grocery price inflation has been observed, reaching an unprecedented 17.1% in the…

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The John Lewis Partnership has taken a significant step forward in its housing ambitions by entering a £500m joint venture with investment firm Abrdn.This collaboration aims to construct approximately 10,000 new homes in London and Reading over the next decade.The initial projects will involve redeveloping sites over Waitrose shops in Bromley and West Ealing, and a vacant warehouse in Reading.Nina Bhatia, the executive director, described the venture as crucial for delivering quality residential housing.The plan underscores John Lewis’ strategy to diversify beyond retail into trusted community services.The John Lewis Partnership has joined forces with Abrdn in a £500m project to…

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In a recent development, solicitors are faced with an additional £1.2 million expenditure to aid the relocation of the Solicitors Disciplinary Tribunal (SDT). This follows the unexpected withdrawal of a lease offer from their current landlord.The Legal Services Board (LSB) has approved a revised operating budget for the SDT amounting to £4.3 million for the year 2023. This decision was made during an emergency meeting, succeeding an initial proposal of £3.1 million, which matched the 2022 budget. However, the SDT’s landlord retracted their offer for a new 10-year lease, which included a five-year tenant’s only break clause.In response to the…

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In 2022, the UK’s soaring cost-of-living is reshaping financial goals.Research by Lowell highlights a shift in Brits’ financial priorities since 2019.The percentage of people prioritising weekly food shopping rose by 21%.Comfortably paying bills and achieving financial stability remain top concerns.The focus on weddings has decreased, with more emphasis on debt repayment.In the face of the United Kingdom’s rapid inflation and escalating cost-of-living, British citizens have been compelled to reassess and adjust their financial priorities. Lowell’s research delves into these shifts, comparing current financial goals with those prevalent in 2019. The findings underscore a significant transformation in spending habits and financial…

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