Author: Scott Dylan

Just Eat Takeaway.com has announced its decision to withdraw its listing from the London Stock Exchange, a move driven by considerations over cost and regulatory demands.The company, born from a merger between London-headquartered Just Eat and Amsterdam-listed Takeaway.com in 2020, is poised to focus its efforts on its primary listing with Euronext Amsterdam. This decision comes after the company’s previous delisting from the United States in 2022. Despite initial plans to abandon its Dutch listing, the firm has shifted its strategy to focus on further enhancing efficiencies.A spokesperson for Just Eat Takeaway.com commented, ‘As we deliver our strategy to accelerate…

Global benefits partner Pluxee enlists Candidsky for 2024 UK SEO goals.Candidsky to oversee Pluxee’s SEO strategy during website migration.Aim to enhance Pluxee’s authority and visibility through performance-led strategies.Pluxee seeks to redefine employee engagement with personalised experiences.Key quotes from industry leaders highlight the strategic partnership.In a strategic move to boost its online presence in the UK, global employee benefits leader Pluxee has engaged the expertise of performance marketing agency Candidsky. With ambitions to elevate their SEO standing, this partnership is poised to significantly impact Pluxee’s digital footprint throughout 2024.Candidsky has been tasked with steering Pluxee’s organic growth strategy both before and…

In response to overwhelming consumer interest, a popular supermarket chain has reintroduced its coveted Christmas jumper collection for 2024.Following unprecedented demand in previous years, where a jumper was sold every two seconds, the chain aims to meet consumer expectations this festive season. The jumpers, available in adult sizes, come in two festive designs: a red pattern adorned with Christmas trees, snowflakes, and holiday slogans, and a blue design featuring candy canes and presents. Both are part of the supermarket’s middle aisle offerings, retailing at £6.39 with their loyalty programme or £7.99 without.Additionally, the 2024 collection includes a Men’s Premium Light-Up…

The Twinkl Group has acquired Natterhub, expanding their educational offerings focused on online safety for children.Natterhub is an interactive platform designed for children aged 5-11, promoting safe digital citizenship.The platform integrates online safety within the school curriculum, enhancing engagement and awareness.It offers features similar to social media, helping children practice digital safety in a controlled environment.Joining Twinkl will enable Natterhub to extend its impact on schools and address modern challenges like AI.The Twinkl Group, known for its educational resources, has strategically acquired Natterhub, aiming to expand its portfolio with a focus on online safety education for children. Natterhub caters to…

The Very Group has reported a significant increase in pre-tax losses.Sales for the first quarter decreased by 5%, reflecting a challenging market.The company’s flagship brand, Very UK, saw a revenue drop of nearly 4%.Fashion and sports categories experienced the most substantial declines.Company leadership remains optimistic about future profitability.The Very Group has witnessed a substantial widening of its pre-tax losses, escalating to £22.9 million in the first quarter, up from £5.8 million the previous year. This financial downturn coincides with a 5% drop in group sales, amounting to £450.2 million. The company’s flagship brand, Very UK, reported a revenue decrease of…

The Very Group faces financial turbulence as Q1 sales dip notably.Pre-tax losses surged to £22.9 million from £5.8 million a year prior.Overall group sales declined by 5% to £450.2 million.The flagship brand, Very UK, and Littlewoods showed varied performance.CEO remains positive, citing a resilient model and strong customer base.In the first quarter, the Very Group’s financial results revealed a concerning trend with losses before tax swelling to £22.9 million, dramatically up from £5.8 million the previous year. This significant increase in losses coincided with a 5% drop in group sales, bringing total sales down to £450.2 million.The detailed breakdown of…

Molyon, a Cambridge-based university spinout, is pioneering a shift in battery technology with a significant £3.6m funding boost.Sulphur, widely available, is being utilised by Molyon to create high-density lithium-sulphur batteries.These new batteries aim to replace traditional lithium-ion models by offering greater energy density and reducing reliance on scarce materials.The fresh funds will facilitate the initial production phase, focusing on applications in drones and robotics.Molyon’s innovative approach could transform power solutions, particularly in the transportation sector.Molyon, a company emerging from the University of Cambridge, is striving to revolutionise the battery industry with its recent acquisition of £3.6m in funding. This substantial…

John Lewis expresses concern over the upcoming rise in minimum wage, likely impacting employment costs.Head of distribution highlights challenges in accommodating wage hikes for 85,500 staff.National Living Wage set to increase by 6.7% to £12.21; Minimum Wage for young workers up 16%.Retailer faces scrutiny following comments on government tax policies’ impact on businesses.Concerns unveiled during discussions with The Telegraph amid broader economic challenges.John Lewis has openly expressed worries regarding the impending increase in the national minimum wage, which is anticipated to affect the retailer’s employment expenses significantly. Currently employing approximately 85,500 workers, the company is apprehensive about the financial implications…

John Lewis expresses serious concerns over upcoming wage changes.Company anticipates financial strains due to rising employment costs.Head of distribution highlights impact on business operations.National Living Wage set for significant increase in April.Company leadership voices worries about government fiscal policies.John Lewis has voiced its apprehensions regarding the anticipated rise in the National Minimum Wage. This adjustment, slated for next year, comes as the company navigates through economic challenges, with higher employment costs posing a potential threat to its strategic turnaround efforts.The head of distribution at John Lewis, John Munnelly, articulated these concerns, drawing attention to the significant financial burden the wage…

Iomart has highlighted increased power demands as a major concern for data centres.AI technology is driving a surge in data centre requirements.Accessing sufficient power supply remains a key issue.UK investments in data infrastructure total over £25bn.Iomart’s financial performance faces challenges amidst acquisition.In a conversation with UKTN, Lucy Dimes, CEO of Glasgow-based Iomart, articulated the growing concern of increased power demands faced by the data centre industry. The company’s experience highlights how AI technology has accelerated this need, with effects becoming noticeable only in the last year.Despite the AI boom originating in 2022, Iomart and the industry at large are only…