Business
Asos, the online fashion retailer, has announced a major overhaul of its executive pay scheme, replacing its long-term incentive plan with a new Value Creation Plan (VCP). The move, approved by over 90% of shareholders at an extraordinary general meeting, aims to align executive pay with ambitious growth targets. The
Business
Companies across the UK's oil and gas supply chain have expressed "grave concern" over the government's plans to increase windfall taxes and axe investment incentives. A letter signed by 42 firms, including manufacturers, engineers and technology companies, warns that the proposed changes threaten £
Business
Shareholders of British online retailer Asos have voted in favour of a new executive pay plan, designed to align leadership incentives with the company's growth objectives. The "Value Creation Plan" (VCP), approved at a recent general meeting, aims to address concerns surrounding the company's
Business
Nokia has entered into a partnership with Telekom Malaysia ("TM") to enhance data centre connectivity across Malaysia. This collaboration will see the deployment of a cutting-edge Dense Wavelength Division Multiplexing (DWDM) network, designed to revolutionise the management of growing data traffic. The partnership is expected to be particularly
Business
Burlington, UK, 21 August 2024 â Zappix, a leading provider of AI-powered digital engagement platforms, has announced the signing of a new insurance client in Mexico. This deal comes through a strategic partnership with Genesys, utilising the Genesys AppFoundry Marketplace. The collaboration highlights Zappix's commitment to providing innovative
Business
Household energy bills are expected to climb significantly after the energy regulator, Ofgem, announces its new price cap later today. The price cap, which sets a limit on the amount suppliers can charge for default tariffs, will be revealed at 07:00 BST. It is widely anticipated that the cap
Business
The UK Fusion Skills Council has launched a new initiative to bolster the growing fusion sector, appointing two new co-chairs to steer the programme: Jane Shannon, Director of People & Engagement at Tokamak Energy, and Ryan Ramsey, Chief Operations Officer from First Light Fusion. The UK Atomic Energy Authority (UKAEA)
Business
India's luxury hotel chain aligns with the World Travel and Tourism Council, showcasing its commitment to excellence and sustainable practices. The World Travel and Tourism Council (WTTC) has announced the addition of The Leela Palaces, Hotels and Resorts to its prestigious membership. This move aligns the renowned Indian
Business
The UK 3D metrology market is poised for significant growth, with projections indicating it will reach over £16.4 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 7.11% during the forecast period. This burgeoning market is fuelled by the increasing demand for precise measurements and
Business
Alphabet-owned Waymo has revealed its latest self-driving technology, dubbed "Generation 6," marking a significant advancement in the company's autonomous vehicle journey. This new system, integrated into Geely Zeekr electric vehicles, promises improved performance in a wider range of weather conditions while requiring fewer sensors and cameras.
Business
The NYK Group, through its subsidiary NYK Bulk & Projects Carriers, has taken a significant step towards sustainable shipping by entering into a charter agreement with Kambara Kisen for a methanol dual-fuel bulk carrier. This marks the first time NYK will operate such a vessel. The new ship, currently under
Business
A prominent Guernsey businessman has called for urgent action following a string of cancellations and delays affecting Aurigny, the island's state-owned airline, since Thursday. Mort Mirghavameddin, Chief Relationship Officer at financial group Rulewise, expressed "profound frustration" over the recent disruptions, which he believes have seriously harmed