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 […]
Consumer confidence is on the rise in the UK, with a hopeful outlook towards financial prospects emerging for the first time in two years, according to NatWest. Paul Thwaite, the bank’s chief executive, noted that the alleviation of price pressures, as inflation gradually recedes, appears to be resonating with the general public. While headline consumer […]
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, […]
Twenty per cent of organisations admit that an employee at their organisation has exposed company data using AI tools such as ChatGPT, according to new research. The findings were revealed in Underfunded and Under Reported: Threats, Breaches, and Budgetsreport, a survey of 250 UK CISOs conducted by independent polling agency Censuswide, which detailed the intersection […]
New research finds that corporate travel spend in the UK is projected to increase in the next 12 months, with over half of SMEs planning to spend more on business travel overseas than they did last year. The survey found that nearly half of those questioned cited meeting clients, customers and prospects in person as […]
Steven Bartlett, renowned entrepreneur and host of the highly acclaimed ‘The Diary of a CEO’ podcast, has announced the launch of Flight Studio, a pioneering global podcast media and technology company poised to revolutionise the industry. Building upon Bartlett’s success with ‘The Diary of a CEO,’ Flight Studio aims to transform podcasting by combining innovative […]
Business groups, employers, and civil society organisations are joining forces to bolster voter turnout across the UK through the innovative Voter Registration Champions scheme launched by Citizens UK. With approximately 8 million people currently unregistered to vote, the initiative seeks to raise awareness and facilitate participation in the democratic process. Leading business associations, including the […]
TikTok has vowed to challenge any ban or forced sale of its US operations in court following the passage of legislation by the House of Representatives targeting the viral video platform. The bill, part of a broader foreign aid package for Ukraine, Israel, and Taiwan, passed in the House with a vote of 360 to […]
A recent survey by NatWest has revealed that SMEs in the UK have enjoyed a strong start to the year, signaling resilience and adaptability in the face of economic challenges. The survey, based on responses from 850 companies across Britain, highlighted a positive trajectory in new business and output growth, particularly within the service sector. […]
In a bid to fortify supply chains and rejuvenate domestic manufacturing, UK firms are poised to inject a staggering £338 billion into re-industrialization initiatives over the next three years. Research conducted by professional services firm Capgemini reveals a substantial uptick in investment, reflecting a strategic shift towards bolstering national resilience and competitiveness. According to the […]