December 4, 2020

Business plan

The British fashion group Arcadia has fallen into administration, leaving 13,000 jobs at risk. Arcadia’s market share slumped from around 4.5% in 2015, to 2.7% in 2020. The group’s extensive portfolio of high street stores, which includes British high street staples like Dorothy Perkins, Burton, and Miss Selfridge, has long felt outdated.

Arcadia’s hold on the high street has waned over the years with dozens of outlets closing nationwide. Many industry experts and past employees lay the blame at owner Philip Green’s feet, citing lack of investment in online retailing and outdated ways of sourcing product.

Topshop, a stalwart of teen and 20-something fashion, and the jewel in the Arcadia crown, has become the latest fatality of this crumbling empire and undoubtedly the one that has tipped it into administration.

The legacy of the Topshop women’s fashion chain started in Sheffield and London in 1964, in the basements of the Read the rest

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House price growth accelerated last month to the highest level in almost six years but market activity is at risk of slowing sharply.

Annual prices rose 6.5 per cent in November to an average £229,721, a pick-up on the 5.8 per cent growth in October. Month-on-month prices rose 0.9 per cent, from 0.8 per cent in October.

Despite rising unemployment and signs that the economic recovery lost momentum before the latest lockdowns the market has been buoyed by the stamp duty holiday, which is due to end on March 31 next year. Until then no stamp duty is due on purchases below £500,000; the tax break is worth up to £15,000 for buyers.

Property transactions rose to 105,600 in October, the highest level since 2016, and mortgage approvals for house purchases were at their highest level since 2007 at about 97,500, figures from the Bank of England show.

The housing Read the rest

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Eat Just Inc., a maker of meat and egg substitutes, has been approved to sell its laboratory-created chicken in Singapore, which becomes the first government to allow the sale of cultured meat.

The product, created from animal cells without the slaughter of any chickens, will debut in Singapore under the GOOD Meat brand as a chicken bite with breading and seasoning in a single restaurant. Eat Just is initially working with local manufacturer the Food Innovation and Resource Centre to make the cultured chicken. Additionally, the company is buying more equipment to expand sales to other restaurants — and eventually grocery stores.

“We want Singapore to be the focus of our manufacturing globally,” Chief Executive Officer Josh Tetrick said in an interview. “They’re just really forward thinking in … Read the rest

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Insights Success admires such leaders and takes pride in featuring precious in its special edition, “The Most Admired Women Leaders in Business 2020.” The issue focuses on some outstanding women, who have attained a greater stature in their respective sectors.

Meet Precious Mayes, President, and CEO of Pacifica Hospital of the Valley, an avid and decisive healthcare leader who impeccably contributed to the evolution in this sector. Her unique ideology and methods have helped her to meet countless personal milestones as well as her company’s pathway.

Journey behind Precious’s Success

As a healthcare leader and entrepreneur, Precious’s journey has been very diverse and robust with opportunities and experiences in a variety of industries. Since the start of her career, she has always explored the impossible and with the philosophy of anything is possible. She states that another key internal driver is passion and with that personal passion … Read the rest

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Investors who were around in 2009 might be having déjà vu this year.

That’s because the S&P 500’s run so far in 2020 has eerily tracked the market’s path in 2009, with similar dips and recoveries, strategists have pointed out. Randy Frederick, Charles Schwab’s vice president of trading and derivatives, is one such prognosticator who has long highlighted the roadmap’s accuracy this year—and even he is a little surprised.

“Amazingly, it never really deviated for more than just a few days,” Frederick tells Fortune. “I always expected it eventually to break down but it frankly just never did.”

What’s more, with that pattern having continued “a lot longer than I thought it would,” Frederick says, he believes “it’s pretty late in the game to think it’s going … Read the rest

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Ever since the entire casino offer moved online, people have more and more opportunities to explore some of their favorite games. Not only that but some of their favorite types of games have lots and lots of new variations. Bingo is certainly one of such games where this all-time favorite title nowadays has so many variations to choose from.

However, due to the wide variety of choice, some find it difficult to choose the best online bingo. With that said, here are some easy tips on how you can find the best online bingo and enjoy playing your favorite game.

Check different offers

Since bingo is quite a popular game, ever since it made its way online, everyone wanted a piece of that cake. That’s why nowadays, there’s virtually no online casino that doesn’t include this game in their offer. For online bingo players this means one thing – there Read the rest

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STATE AGENCIES will have to significantly ramp up spending in December to boost fourth-quarter gross domestic product (GDP), after the government continued to underspend amid the coronavirus pandemic.   

“The agencies were asked to implement catch-up plans to meet their original spending plans for the year. The catch up [spending plan] is intended to shore up the economy this Q4,” Budget Undersecretary Laura B. Pascua said via Viber on Friday.

Finance Secretary Carlos G. Dominguez III told various departments to ramp up spending in the remaining weeks of 2020, during a meeting of the Economic Development Cluster (EDC) two weeks ago.

Representatives from the Departments of Public Works and Highways (DPWH), Transportation (DoTr), Education (DepEd), Tourism (DoT), Trade and Industry (DTI), and Agriculture (DA) attended the EDC meeting, said Ms. Pascua.

Anemic government spending was blamed for the 11.5% GDP contraction in the third quarter, which was worse than most analysts … Read the rest

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A new tech regulator will work to limit the power of Google, Facebook and other tech platforms, the government has announced, in an effort to ensure a level playing field for smaller competitors and a fair market for consumers.

Under the plans, the Competition and Markets Authority (CMA) will gain a dedicated Digital Markets Unit, empowered to write and enforce a new code of practice on technology companies which will set out the limits of acceptable behaviour.

The code will only affect those companies deemed to have “strategic market status”, though it has not yet been decided what that means, nor what restrictions will be imposed.

The business secretary, Alok Sharma, said: “Digital platforms like Google and Facebook make a significant contribution to our economy and play a massive role in our day-to-day lives – whether it’s helping us stay in touch with our loved ones, share creative content or … Read the rest

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Hong Kong’s Chief Executive Carrie Lam says that she has “piles of cash” at home because she is denied basic banking services due to U.S. sanctions.

In a television interview, Lam said the Hong Kong government has to pay her in cash because she does not have a bank account following sanctions imposed by the U.S. on her and other officials for what it called their role in undermining Hong Kong’s autonomy from mainland China, including imposing a national security law on the city at the end of June.

“Sitting in front of you is a chief executive of the Hong Kong SAR (special administrative region) who has no banking services made available to her,” Lam told Hong Kong International Business Channel. “I’m using cash every day, for all the things. I have piles of cash at home because the government is paying me cash for my salary because I … Read the rest

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Crowd-testing is currently becoming one of the leading and most resource-efficient ways to test various types of digital products. But how can you measure the ROI of Crowdtesting? Is it possible to calculate the efficiency of Crowd-testing? An interview with Ran Rachlin, Co-founder & CEOUbertesters Inc. by Insights Success answer these questions and much more.

Below are the highlights of the interview:

What led to the inception of the company?

I founded the company back in 2013, following a true need for a different type of software testing that I had in my previous company. In my former company, we developed a mobile app, and because of the diversity of the mobile world, we needed global testers to test for us with different devices, different languages, and carriers. We could not find a flexible and affordable solution. So, we came up with the concept of “Crowd testing” … Read the rest

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