Brave Bold Brilliant ®

📰 BRAVE BOLD BRILLIANT BUSINESS NEWS – 18th JANUARY 2025 📰

Do you want to scale up your business or your career? Not got time to listen to the news every day? Don't worry, we've got you covered!

Part of being a strong leader and professional is knowing what's going on in the world of business around us, and that's not just from the perspective of your own sector. We can learn so much from other sectors and businesses. That's the motivation behind our weekly Brave Bold Brilliant ® Business News, to keep you informed of what’s happening globally – the movers, the shakers, the ones to watch and more!

Full article available on LinkedIn - happy reading! ☕


GENERAL
▶️ London based AI start-ups raised a record $3.5bn in venture capital funding last year
▶️ Private equity firms under pressure to kickstart UK dealmaking
▶️ Boardroom pay gap between the UK and America widens


ON THE UP
✅ Kurt Geiger reports most profitable month as Christmas sales rocket
✅ Majestic Wine hails ‘best-ever Christmas’ with record sales
✅ Deliveroo spend and orders rise driven by retail and grocery push
✅ AB Dynamics expects 66% jump in annual adjusted operating profit
✅ DFS: ‘Improved performance’ couched by rising national insurance, wages and rates
✅ Urban Outfitters sees 10% uptick in holiday sales


IN THE DOLDRUMS
🪓 BP to cut 4,700 jobs to reduce costs
🪓 Poundland festive sales plummet after transition to Pepco products
🪓 JD Sports Fashion shares slide on update
🪓 Meta cuts 5% of jobs to lose 'lowest performers'
🪓 Asda confirms lay-offs in cost-cutting drive after worst Christmas in years


ONES TO WATCH
👀 London on alert for £17bn float of security group Verisure
👀 High Court approves Carlsberg's J20 maker takeover
👀 Freetrade: IG Group swoops for trading app
👀 Pizza Hut salvages restaurants' future with pre-pack sale
👀 Topps Tiles faces shareholder revolt over pay and leadership


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