Asos optimistic about turnaround despite £380m loss

Asos has expressed confidence in its recovery strategy despite reporting a £380 million pre-tax loss for the past financial year. The online fashion retailer has halved its inventory levels since 2022 and shifted focus to full-price sales, aiming to improve profitability. Chief Executive José Antonio Ramos Calamonte described recent changes as “medicinal,” with measures such…

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Could motor finance become the next PPI scandal?

The UK’s motor finance industry could be heading for a financial storm reminiscent of the Payment Protection Insurance (PPI) scandal. A recent Court of Appeal ruling found car dealerships and lenders liable for failing to disclose commissions to customers, a precedent that could unleash billions in compensation claims. For decades, PPI haunted UK banks, ultimately…

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Mentoring is both incredibly effective and versatile, so why is it not utilised more?

There is no denying the extraordinary benefits mentoring provides for both businesses and individuals; from increasing personal confidence and motivation, to establishing a positive work culture, and increasing retention rates within organisations; the positive impacts are endless. Despite this, only 28% of small and medium sized businesses currently make use of mentors, why is this?…

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Getting to know you: Kit Cox, Founder & CTO, Enate

Enate, founded by Kit Cox in 2011, is an enterprise AI and orchestration platform designed to help businesses streamline their operations. Based in Cheltenham, Enate was born out of Kit’s frustration with the outdated tools, like spreadsheets and shared mailboxes, that many companies relied on to manage complex services. Enate’s solution offers a single platform…

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Rachel Reeves to introduce new debt rule, unlocking £50bn for UK investment

Chancellor Rachel Reeves has announced a significant shift in the UK’s fiscal policy framework, confirming plans to introduce a new “investment” debt rule in next week’s Budget. This change is expected to free up over £50 billion in borrowing capacity, earmarked for long-term capital investment projects, while maintaining fiscal discipline to reassure financial markets. Under…

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Rayner’s workers’ rights overhaul could cost employers up to £5bn annually, government warns

Angela Rayner’s ambitious overhaul of workers’ rights could burden UK employers with nearly £5 billion in additional costs each year, according to an impact assessment published by the government. The reforms, proposed in the Employment Rights Bill, could result in businesses raising prices, cutting back on wages, or reducing investment as they grapple with a…

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