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Crest Nicholson cuts profit outlook for third time in six months as costs climb

Crest Nicholson cuts profit outlook for third time in six months as costs climb It said this was due to issues with its Brightwells Yard regeneration scheme It also filed an unexpected £13m legal claim due to fire at one of its sites By Daniel Fessahaye Updated: 11:48, 16 January 2024 e-mail 1 View comments Crest Nicholson has cut its annual profit outlook for the third time in six months as costs associated with its Brightwells Yard regeneration scheme in Farnham continue to climb. The Surrey-based housebuilder also told shareholders on Monday it is set to recognise an unexpected legal claim worth £13million after a 2021 fire…

Superdrug receives shot in the arm from perfume sales

Superdrug receives shot in the arm from perfume sales By Emily Hawkins For The Daily Mail Updated: 12:37, 16 January 2024 e-mail View comments Superdrug has celebrated a bumper Christmas after shoppers splashed out on make-up and perfume despite pressure on family budgets. The pharmacy chain said sales in the four weeks to December 30 were 9.2pc higher than a year earlier. Scents by pop star Ariana Grande and fashion brand Calvin Klein flew off the shelves, boosting sales. Three perfume sets were sold every minute in the critical weeks ahead of Christmas. The pharmacy chain said sales in the four weeks to December 30 were 9.2pc…

The Hut Group signs three-year deal with Holland & Barrett as shares jump

Online retailer THG has announced a major new deal with Holland & Barrett, and expects to meet financial expectations for the year. The company will use its Ingenuity platform to manage online sales for the health brand's customers. THG's chief executive Matthew Moulding said: "We feel this is a true demonstration of how the THG Ingenuity platform can provide incremental services to established brands, delivering operational excellence, becoming world class at a fraction of the cost and in a fraction of the time," The value of the three-year deal, which covers the UK and Ireland, was not disclosed. THG anticipates earnings before…

AI to impact 40% of jobs and widen inequality, warns IMF

AI to impact 40% of jobs and widen inequality, warns IMF By Jessica Clark and John-Paul Ford Rojas Updated: 07:24 EST, 16 January 2024 e-mail View comments Artificial intelligence (AI) will affect 40 per cent of jobs globally with many at risk of disappearing, the International Monetary Fund (IMF) has warned. Millions of roles will be impacted by the rise of AI, which will 'likely worsen overall inequality'. The ChatGPT app has led to breakthroughs with AI that could threaten up to 60 per cent of jobs IMF managing director Kristalina Georgieva urged governments to act to 'prevent the technology from further stoking social tensions'…

Freight Technologies Inc. Secures Contract with Kawasaki

HOUSTON, Jan. 16, 2024 (GLOBE NEWSWIRE) -- (Nasdaq: FRGT) (“Fr8Tech''), a technology company specializing in the development of innovative solutions to optimize and automate the supply chain process through its custom-developed F8App platform, proudly announces the execution of a contract with Kawasaki Motores de Mexico for cross-border logistics services. Kawasaki Motores de Mexico, a division of Kawasaki Heavy Industries, Ltd., brings a rich legacy of 120 years of expertise in constructing cutting edge transportation systems for the 21st century. Kawasaki’s parent company’s commitment to innovation is evident in their development…