Fostering Financial Wisdom: City Veteran Peter Davies from Lansdowne Partners, Guides Youth Parliament’s Chancellor Of The Exchequer

In a pioneering effort to instil financial literacy at a young age, veteran investor Peter Davies of Lansdowne Partners recently sat down with Aryan Shekar, the 11-year-old Chancellor of the Exchequer for the Sir David Amess UK Children’s Parliament for primary school students. Accompanied by five other students from Westminster Under School, Shekar grilled Davies…

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Secondhand fashion seller Vinted moves into profit after 61% sales rise

Vinted, the online marketplace for secondhand fashion, has achieved a significant milestone by reporting a remarkable 61% surge in sales, reaching nearly €600 million (£513 million). This surge has propelled the company into profitability for the first time, marking a significant achievement amid the burgeoning demand for “pre-loved” clothing. Based in Lithuania, Vinted attributes its…

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Microsoft’s push into AI is paying off as revenue beats expectations at $61.9 billion

Microsoft’s strategic focus on artificial intelligence (AI) is yielding substantial returns, as evidenced by its impressive third-quarter revenue performance, surpassing Wall Street expectations. The company reported revenue of $61.9 billion, a 17% increase, and net income of $21.9 billion, a 20% rise compared to the previous year. A significant factor driving Microsoft’s success is its…

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Dragons’ Den – Are we in or out?

One of the most common questions I get asked by other business owners is whether getting investment from Dragons through Dragons’ Den guarantees success, and whether the experience is as daunting as it appears. So, here’s my experience. Honestly, I never applied to the show, and I never would have done, for several reasons.  Firstly,…

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UK borrowing overshoot prompts doubts over tax cuts

The UK government’s borrowing exceeded expectations by £6.6 billion over the past year, raising concerns about Chancellor Jeremy Hunt’s ability to implement significant tax cuts ahead of an anticipated general election. Official figures from the Office for National Statistics (ONS) revealed that the deficit reached £11.9 billion in March, highlighting the challenge of managing public…

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CBI Settles Legal Dispute with Former Leader Tony Danker

The Confederation of British Industry (CBI), one of the UK’s most influential business advocacy groups, has reached a settlement in a legal dispute with its former leader, Tony Danker. Danker’s tenure at the CBI ended abruptly last year following allegations regarding his conduct during his time as director general. These allegations, revealed in March 2023,…

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National Apprenticeship Week: Using apprenticeships as a workforce planning tool

Economic uncertainties are forcing businesses to update and rethink their skills requirements, to make sure they have the workforce and future skills required to navigate financial pressures while remaining competitive in their markets. Nichola Hay, Director of Apprenticeship Strategy and Policy at BPP explains that as a result, the so-called war for well-fitting talent wages…

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AI’s Impact on the European Union’s Latest Privacy Policies

The European Union’s commitment to protecting individual privacy has become even more critical in the face of rapid technological advancements. With the rise of artificial intelligence (AI), concerns about data security and privacy have taken center stage in policy discussions. According to recent statistics, the global AI market is expected to reach $190.61 billion by…

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Rail strikes create a further £350M hole in hospitality sector with many tipping into administration

The hospitality industry has warned of an estimated £350 million hit from the latest train strikes, lifting the cost to businesses to more than £4 billion since the action began. The Night Time Industries Association said it was “deeply concerned” about the “significant repercussions” that industrial action organised this week by Aslef, the train drivers’…

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AI drives up Microsoft revenues to record $62BN

Microsoft beat Wall Street’s forecasts for second-quarter revenue as new artificial intelligence features helped to attract customers to its Cloud and Windows services. Revenue rose by 18 per cent to a record $62 billion in the three months to the end of December compared with an ­average estimate from analysts of $61.12 billion. Revenue at…

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