Author: Scott Dylan

M&S chief executive Stuart Machin has issued a warning against the government’s consideration of raising business taxes in the upcoming October Budget, describing it as a “short-term, easy fix” that will hinder economic recovery.Machin communicated his concerns via LinkedIn, addressing Chancellor Rachel Reeves directly. He expressed that increasing taxes is a simplistic approach that neglects the longstanding issues affecting the British economy. Moreover, he urged the government to enhance business flexibility by reforming business rates and allowing companies more control over their apprenticeship levy funds. “The Budget is the moment to put this right,” Machin asserted.Further emphasising his point, Machin…

Reckitt reports a dip in revenue but remains confident in achieving full-year targets, anticipating growth in the final quarter.The company experienced a 0.5% decrease in like-for-like net revenue in Q3, with a minor annual gain by 30 September.Hygiene and health sectors saw growth, while the nutrition division faced a significant 17.3% decline due to supply issues.A new company structure, launching in January 2025, aims to enhance focus on high-margin brands and optimise portfolios.Reckitt continues its strategic share buyback, with CEO Kris Licht expressing confidence in future plans and resilience.Reckitt has announced a marginal decrease in like-for-like revenue as it contends…

In a significant leadership transition, Quorn Foods is set to undergo a change at the top as Marco Bertacca, the current chief executive, steps down after five years. This move comes in the wake of the company’s parent, Marlow Foods, reporting a significant loss of £63 million and recording its lowest sales figures since 2017 due to dwindling demand for vegan products.David Flochel, who previously served as the managing director for Heineken UK, is poised to take over the reins at Quorn as early as next month. Flochel transitions from managing a nicotine replacement therapy business to leading the meat…

Quorn Foods is undergoing a significant leadership change following a challenging financial period.Marco Bertacca, the current chief executive, is stepping down after five years at the helm of the plant-based food company. This decision comes in the wake of Quorn’s parent company, Marlow Foods, reporting a substantial financial loss of £63 million and recording its lowest sales since 2017. The decline in sales is attributed to a reduced demand for vegan products.Taking over the leadership role is David Flochel, a former managing director at Heineken UK, who is set to begin his duties next month. Flochel brings a robust resume,…

This Sunday, residents of Pudsey gather for a poignant event to honour Matilda Pritchard’s memory.The community event will feature a charity litter pick, inspired by Matilda’s dream of a cleaner world.Matilda’s family surpasses their fundraising goal, aiming to support environmental education.The initiative inspires widespread support, nurturing a legacy of care for the environment.Participants will meet at Pudsey Park, continuing Matilda’s mission of change.This Sunday, the town of Pudsey will gather to remember and honour Matilda Pritchard, an 11-year-old whose life was tragically cut short. The event is set to take place in Pudsey Park, a location close to Matilda’s heart,…

M&S CEO Stuart Machin expresses concerns over potential tax increases and government policies.Chancellor Rachel Reeves is contemplating raising national insurance contributions by employers.Machin argues these tax hikes are a simplistic approach to improving public finances.Concerns raised about the government diluting Labour’s growth-focused manifesto pledges.Machin calls for a commitment to reducing regulatory burdens on businesses.M&S CEO Stuart Machin has voiced his apprehensions regarding the government’s consideration of increased taxes on employers. He believes such actions are a simplistic strategy for managing the public purse. In recent news, it has been suggested that Chancellor Rachel Reeves may implement hikes in employer national…

Fanatics is poised to establish its presence on London’s Regent Street with its first standalone store.The retailer currently manages outlets in sports arenas, enhancing fan experiences on behalf of clubs.Fanatics first entered the UK market in 2016 by acquiring Kitbag, bolstering its international footprint.The company collaborates with over 900 global sporting organisations, including top football clubs and leagues.Recently, Fanatics secured a deal to maintain its ecommerce and physical store rights with the Football Association.Fanatics is set to make a significant impact on London’s retail scene with the opening of its inaugural standalone store on the prestigious Regent Street. This move…

Fanatics, the sports merchandise retailer, is preparing to open its first standalone UK store on London’s Regent Street, marking its bricks-and-mortar debut.Currently, Fanatics operates shops at stadiums and sports venues for partner clubs, but this new venture signifies a strategic shift.The exact opening date of the Regent Street store remains undisclosed, according to Retail Week.Fanatics entered the UK market in 2016 by acquiring Kitbag, significantly expanding its international presence.In a recent expansion, Fanatics renewed its e-commerce rights with the Football Association, boosting its online and physical retail presence.Fanatics, a leading online sports merchandise retailer, is establishing its first standalone store…

The Yorkshire-based law firm, Holden Smith, has proudly named Ryanne Smith as its new director of residential property.Ryanne will lead a team of 75 conveyancing professionals spread over five offices.David Bancroft recognised Ryanne’s growth from conveyancing assistant to an integral part of the firm’s leadership.Ryanne is focused on expanding the residential conveyancing team in the firm’s sixth year.Her collaboration with the co-founders is set to enhance Holden Smith’s strategic growth.In a significant development, Ryanne Smith has been appointed as the director of residential property at the well-known Yorkshire-based law firm, Holden Smith. Her new position will involve overseeing a comprehensive…

The timeline for prosecutions related to the Post Office scandal and Axiom Ince remains unclear, according to the chief executive of the Solicitors Regulation Authority (SRA).Paul Philip, the SRA’s chief executive, addressed the uncertainty surrounding the timing of these prosecutions during a recent press briefing. His comments came in response to the Solicitors Disciplinary Tribunal’s (SDT) budget application, which mentioned that such cases might be filed “around mid-2025.” Mr Philip stated this projection was unexpected, highlighting the complexities involved in these cases.The SRA maintains regular discussions with the tribunal to plan for future workloads, which includes Post Office-related work and…