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According to new research from EY TaxChat, the majority of the UK’s self-employed workforce is unprepared for the upcoming changes to off-payroll working rules, known as IR35, which come into law in April this year. The research, based on a poll of over 500 self-employed workers, found that only 3% of...

Zoom founder Eric Yuan has transferred about 18 million of his shares worth more than $6bn (£4.4bn), according to a regulatory filing. Mr Yuan, who is also chief executive of platform, moved roughly 40% of his stake in the company last week. The shares were shown as gifts to unspecified beneficiaries....

Sofa retailer DFS has posted a 17.3% increase in group revenue to £572.6 million in the first half of its financial year. In the six months to 27 December, revenue excluding Sofa Workshop climbed by 18.7% to £567.5 million as the company benefited from pent-up demand following the first Covid-19 lockdown...

Jewellery retailer Pandora has said it has been pleased with its performance so far in 2021. In a trading update for February, the Danish company said the number of Pandora stores closed due to Covid-19 fell from around 30% at the beginning of the month to around 25% by the month-end. It...

The Fragrance Shop has launched a new membership scheme called ‘My TFS’. The scheme will offer customers a choice of three plans with different annual fees ranging from £15 to £39. Members will be offered a select number of 20% off vouchers, access to unique offers and other perks all year...

Amazon has opened a till-free convenience store in London’s Ealing today. Called Amazon Fresh, the shop is the online retail giant’s first “just walk out shopping” store outside of the US. To enter the store, customers use the Amazon app on their phone, then shop for what they need. At the...

Capri Holdings, the owner of Versace, Jimmy Choo and Michael Kors, has appointed Alejandro Martinez-Galindo as chief information officer. Due to join the business on 8 March, he will report to Capri Holdings chief financial officer and chief operating officer, Thomas Edwards. Martinez-Galindo was previously chief information officer of Walgreens where he...

B&M has reported that revenues and margins have remained strong in its fourth quarter to date, particularly in its UK business. Back in January, the value retailer said group revenue increased by 22.5% on a constant currency basis in its third quarter. Due to the continued strong trading, the group now expects...

Hotel Chocolat increased its first half revenue by 11% to £101.9 million after the retailer saw strong multichannel growth in the UK, USA and Japan. In the six months to 27 December, pre-tax profit edged up 3% to £15.5 million. Meanwhile, underlying EBITDA rose by 2% year-on-year to £24.9 million.   UK sales...

Travis Perkins has reported that full year like-for-like sales at its Wickes DIY chain climbed by 5.5% despite disruption to trading operations due to Covid-19 lockdowns. The group said the performance in the year to 31 December was driven by strong core DIY sales growth of 19.3% as it benefited from...