Fast fashion giant Shein is being allowed to “dodge tax” because of an exemption on import duties on low-value parcels, according to the boss of one of its UK rivals. Julian Dunkerton, chief executive of Superdry, told the BBC that the exemption is a tax “loophole” and that Shein isContinue Reading
Travel giant Tui has said it remains on track for annual earnings to rise by at least a quarter as consumers continue to prioritise spending on holidays. The German group, which recently ditched its listing on the London stock market to focus solely on Frankfurt, said summer bookings rose 6%Continue Reading
We sit down with Jennifer Davidson, the founder of Sleek, a leading experience marketing agency based in London with a global client base. Known for delivering captivating, immersive events that challenge norms and inspire change, Davidson shares the journey behind launching Sleek and discusses the agency’s core mission to createContinue Reading
Employer concerns about the Government’s workers’ rights package have been “addressed and understood”, Rachel Reeves said as she sought to reassure businesses about the legislation. The Chancellor insisted the Government does not want to make it harder for companies to hire temporary workers or students with its Employment Rights BillContinue Reading
The FTSE 100 rose on Monday after a resurgent afternoon’s trading, as Chancellor Rachel Reeves gave her first Labour conference speech in the role. The blue-chip index rose 29.72 points, or 0.36%, to end the day at 8259.71. The session came as Ms Reeves sought to lay out a moreContinue Reading
Business group leaders have said Chancellor Rachel Reeves “hit the right notes” as she sought to lay out a more optimistic vision in her first Labour conference speech in the role. However, industry bodies also cautioned that the Labour Government must be careful not to “chill” small business investment withContinue Reading
Thousands of children will get access to free breakfast clubs from April under plans set out by Rachel Reeves as she sought to offer a more optimistic vision in her first Labour conference speech as Chancellor. Ms Reeves confirmed up to 750 schools in England would be offered the chanceContinue Reading
The pace of economic growth in the UK slowed in September, as concerns about the government’s upcoming budget weighed on business activity, according to a preliminary estimate from the widely tracked PMI (Purchasing Managers’ Index). The UK PMI “flash” composite output index, which measures business activity in both the servicesContinue Reading
Rachel Reeves has said Labour is “not a party of protest” as her keynote conference speech was disrupted by hecklers. In her first conference speech as Chancellor, Ms Reeves received applause and a standing ovation as she began. But shortly afterwards a protester was hauled out while complaining about theContinue Reading
Optimism among the UK’s SMEs has risen for the third consecutive year, according to new research from American Express. Nearly 70% of business leaders are confident about their future, up from 67% in 2023 and 65% in 2022. The biggest boost in sentiment came from micro enterprises (1-9 employees), whereContinue Reading
