News

Frasers Group, led by Mike Ashley, blocked Boohoo's attempt to change its holding company name to Debenhams, escalating a long-running feud between the UK retail giants. Despite the setback, Boohoo remains determined to rebrand as Debenhams Group, highlighting the ongoing tensions and challenges facing both companies.

Technology entrepreneur Tom Adeyoola has been named the government's preferred candidate to lead Innovate UK, the country's £1.1 billion-a-year innovation agency, at a pivotal moment for the organisation. Adeyoola, who founded virtual fitting room startup Metail and has held advisory and non-executive roles, is expected to replace Indro Mukerjee in the £195,000-a-year role.

Peter Marks, the top vaccine official at the FDA, resigned due to concerns over Health and Human Services Secretary Robert F. Kennedy Jr.'s promotion of vaccine misinformation. Marks accused Kennedy of spreading "misinformation and lies" and undermining trust in well-established vaccines, posing a serious threat to public health and safety.

On March 28, 2025, Cathie Wood's Ark Invest made significant moves in the market, purchasing $10.45 million worth of Robinhood shares and $16.47 million worth of CoreWeave shares. This buying activity was offset by the sale of $20.7 million worth of Roblox shares, suggesting a shift in Ark Invest's portfolio strategy.

Ray Dalio, renowned investor and founder of Bridgewater Associates, warns against attempting to time the market, comparing it to the daunting challenge of competing in the Olympics. He advises investors to consider low-cost index funds as a safer alternative, echoing the strategy of investment legend Warren Buffett.