Business

The modern workplace is ever-evolving where the integration of technology has become a cornerstone for success. Through rampant evolution and innovative strategies and applications, space has never evolved as quickly. As more companies transition towards the tech-driven regimen the need for effective strategies and tools is quickly becoming paramount. One of the most prominent strategies and largest benefactors of this movement is digital coaching. More specifically, this applies to business coaching as it is the...

Rolls-Royce will sell its electric flight division as it focuses on improving profits in its jet engine business, under a new plan from its chief executive, Tufan Erginbilgiç. The FTSE 100 manufacturer will aim for record operating profits of between £2.5bn and £2.8bn a year, compared with £837m in 2022, it said in a strategy published on Tuesday. Rolls-Royce has enjoyed much-improved performance over 2023 thanks to the end of coronavirus pandemic lockdowns and the...

Digital transformation, often hailed as the panacea for business growth and innovation, is continuing to prove to be a highly damaging leaky bucket for businesses both in the UK and world-wide. Global investment in digital transformation is expected to almost double between 2022 and 2025 (according to Statista1), but given that many major business consultancies estimate the failure rate for digital transformations at 70 percent and based on their calculations of previous losses2, shockingly the...

Annual shop prices inflation is at its lowest level since June 2022, a survey suggested yesterday. Shop prices in early November were 4.3 per cent higher than they had been a year earlier, down from the 5.2 per cent inflation reported in October and from the peak of 9 per cent inflation ­recorded in May, ­according to the latest data from the British Retail Consortium and NielsenIQ. Food prices inflation fell to 7.8 per cent,...

Amazon has announced that they will provide free Artificial Intelligence training to two million people by 2025 via their ‘AI Ready’ commitment which is set to boost proficiencies in this emerging piece of technology. AI Ready aims to unlock the potential of AI by providing much needed training and it will consist of three new initiatives which will be aimed at adults and young learners, as well as scaling existing Amazon AI training programmes that...

UK tech chiefs gathered in Parliament last night to discuss the country’s chronic skills crisis with MPs, business leaders and government policy makers. Speaking at the Parliament Street think tank’s Digital Skills Summit on Monday night, which was hosted by Dean Russell MP for Watford and chaired by Steven George-Hilley of Centropy PR, the panel of experts debated the role businesses should play plugging the skills gap and encouraging more young people to enter the world...

Future proofing people’s retirements and high quality way of life is paramount More than a retirement property, Dr Ed Gladman ensures that Adlington Retirement Living builds communities that centre around happiness, safety and physical wellbeing. He shares the journey of the family owned and run company with Business Matters … What is the main problem you solve for your customers? Our retirement communities are designed to empower the older generation to live a long, happy and healthy life in a safe...

The Fourth Board of Appeal of the European Union Intellectual Property Office (EUIPO) has reversed the refusal of Haribo’s figurative trade mark consisting of an image of its ‘Goldbear’ gummy bear on the basis that the mark does satisfy the minimum degree of distinctiveness. Rigo Trading S.A, a holding company for Haribo, the well-known German confectionery company, filed an application for an international registration designating the EU for a figurative mark of its HARIBO ‘Goldbear’...

CatX, a platform designed to facilitate the flow of alternative capital into the insurance sector, has successfully raised $2.7 million in seed funding. Its backers include top Silicon Valley venture capital firms and angel investors from leading proprietary trading firms and hedge funds. The funding round marks a key milestone for the company in its mission to bridge the gap between supply and demand in the reinsurance industry. Earlier this year, CatX was accepted into...

Recently, the BBC presented a segment within their BBC Breakfast broadcast, discussing self-employment statistics. Pulling reference from the Office of National Statistics (ONS), the BBC shed light on the fall in those registered as self-employed. Discussing self-employment in more detail, BBC reporter Ben Bland says “Being self-employed can be the dream for many, but not for all”. Ben Bland goes on to discuss the self-employment figures, according to the ONS, explaining that in the year...