Should you invest in Dr Martens right now?
Shares in the heritage brand have fallen more than 87 per cent from their listing price, leaving early backers nursing heavy losses and prompting the departure of its chief executive Kenny Wilson.
Wilson was succeeded in January by Ije Nwokorie, a former Apple executive who had been serving as Dr Martens' chief brand officer. His arrival coincided with a third-quarter update that showed early signs of improvement. Group turnover fell by 3 per cent in the period, a marked step-up from the 18 per cent decline posted a year earlier. Sales in the US, long a sore spot, had started to stabilise. Nwokorie spoke of 'great confidence' for the
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Scotsman
4 hours ago
- Scotsman
Is it a Bank Holiday today?
What to know about the UK's next official day off work if you're feeling that summer slowdown 🌞 Sign up to the weekly Cost Of Living newsletter. Saving tips, deals and money hacks. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Many Brits are wondering if mid-August marks their next day off work The late summer bank holiday is a long-standing tradition in the UK It's a popular time for festivals, seaside trips, and family gatherings Dates for bank holidays can differ depending on where you live in the UK The next UK-wide bank holidays after August come during the festive season It feels like it's been ages since the last bank holiday, so surely we're due one again, right? We all know there's a big one coming in August, but when exactly is it? Could it be today? Advertisement Hide Ad Advertisement Hide Ad The late August bank holiday has been part of the UK calendar for decades, originally intended to give workers a break before the summer season wrapped up. The popular summer holiday is often marked by festivals, trips to the seaside, family barbecues, and one last dose of summer before autumn begins to creep in. But if you've found yourself wondering whether Monday, August 18, 2025 is a bank holiday, the answer is: unfortunately, no. Even though today isn't a bank holiday, it's easy to see why people check – August has that 'holiday' feel, and many of us are looking forward to squeezing in one last summer adventure. Advertisement Hide Ad Advertisement Hide Ad But when exactly is the August bank holiday? On what official days off from work can Brits look forward to in the remainder of 2025? (Photo: Pexels) | Pexels Is today a bank holiday? While the mid-August Monday might have you dreaming of a long weekend, the actual late August bank holiday doesn't arrive until the following week. In 2025, it falls on Monday, August 25 across England, Wales, and Northern Ireland. Its placement on the last Monday of August is ideal for making the most of warm weather while it lasts. Many use it for quick getaways, big events, or just enjoying a lazy day at home. Whether you're planning to hit a music festival, take a trip to the coast, or simply enjoy a quiet day with family and friends, now is a good time to start pencilling in your plans. Advertisement Hide Ad Advertisement Hide Ad But it's worth remembering that bank holiday dates can vary depending on where you live in the UK. While England, Wales, and Northern Ireland all observe the August bank holiday on the last Monday of the month, Scotland has its summer bank holiday on the first Monday of August. So for Scots, the long weekend has already been and gone this year. Advertisement Hide Ad Advertisement Hide Ad When is the next bank holiday? If you're already thinking ahead, the next UK-wide bank holidays after August will be Christmas Day on Thursday, December 25 and Boxing Day on Friday, December 26, 2025. That means the late August long weekend is your last chance for an official day off before the festive season.
BBC News
5 hours ago
- BBC News
Should Europe wean itself off US tech?
Imagine if US President Donald Trump could flip a switch and turn off Europe's may sound far-fetched, crazy even. But it's a scenario that has been seriously discussed in tech industry and policy circles in recent months, as tensions with Washington have escalated, and concerns about the EU's reliance on American technology have come to the the root of these concerns is the fact just three US giants - Google, Microsoft and Amazon - provide 70% of Europe's cloud-computing infrastructure, the scaffolding on which many online services some question whether an unpredictable US leader would weaponize the situation if relations seriously deteriorated - for example, by ordering those companies to turn off their services in Europe."Critical data would become inaccessible, websites would go dark, and essential state services like hospital IT systems would be thrown into chaos," says Robin Berjon, a digital governance specialist who advises EU believes that concerns over a so called US "kill switch" should be taken seriously. "It's hard to say how much trouble we would be in." Microsoft, Google and Amazon all say they offer "sovereign" cloud computing solutions that safeguard EU clients' data, and would prevent such a scenario ever occurring. The BBC has contacted the US Treasury department for truth, there have always been concerns about the lack of "digital sovereignty" in Europe, where US firms not only dominate the cloud-computing market, but also hardware, satellite internet and now artificial the region's main mobile operating systems - Apple and Android - and payment networks - Mastercard and Visa - are fears became urgent in May when it emerged that Karim Khan, the top prosecutor at the Netherlands-based International Criminal Court (ICC), had lost access to his Microsoft Outlook email account after being sanctioned by the White ICC has issued arrest warrants for top Israeli officials, including Prime Minister Benjamin Netanyahu, over their roles in the Israel-Gaza war - something Mr Trump called "illegitimate".Khan has since temporarily stepped aside until a sexual misconduct probe against him is says that "at no point" did it cease or suspend its services to the ICC, although it was in touch with the ICC "throughout the process that resulted in the disconnection". Since then digital sovereignty has shot up the agenda in Brussels, while some public bodies are already seeking alternatives to US is it realistic to think they could wean themselves off US technology?Digital sovereignty is loosely defined as the ability of a governing body to control the data and technology systems within its problem faced by those pursuing it is the lack of comparable does have its own providers, such as France's OVHCloud, or Germany's Germany's T-Systems or Delos, in cloud they account for a fraction of the market, and don't have the same scale or range of capabilities, says Dario Maisto, a senior analyst covering digital sovereignty at global business consultancy open-source alternatives are available for common software packages like Office and Windows, but while proponents say they are more transparent and accessible, none is as comprehensive or well known. But while moving to sovereign alternatives wouldn't "happen overnight", it's a "myth" to think it's not possible, says Mr notes that the German state of Schleswig-Holstein is currently in the process of phasing out Microsoft products like Office 365 and Windows in favour of open-source solutions such as LibreOffice and Linux. Denmark's Ministry for Digitalisation is piloting a similar scheme."We sometimes overvalue the role of proprietary software in our organisations," Mr Maisto says, pointing out that for key services like word processing and email, open-source solutions work just fine."The main reasons organisations don't use open source are a lack of awareness and misplaced fears about cyber security," he adds."Our prediction is in the next five to 10 years, there will be an accelerated shift [to these solutions] because of this wake-up call." Benjamin Revcolevschi, boss of OVHCloud, tells the BBC that firms like his are ready to answer the sovereignty needs of public and private organisations in Europe."Only European cloud providers, whose headquarters are in the EU and with European governance, are able to offer immunity to non-European laws, to protect sensitive and personal data," he Microsoft, Amazon and Google say they already offer solutions that address concerns about digital sovereignty, solutions which store data on severs in the clients' country or region, not in the tells the BBC that it also partners with trusted local EU suppliers like T-Systems, granting them control over the encryption of client data, and giving customers "a technical veto over their data". The German Army is one of its Microsoft president Brad Smith has promised the firm would take legal action in the "exceedingly unlikely" event the US government ordered it to suspend services, and that it would include a clause in European contracts to that effect."We will continue to look for new ways to ensure the European Commission and our European customers have the options and assurances they need to operate with confidence," a Microsoft spokesman told the BBC. Zach Meyers, from the Brussels-based Centre on Regulation in Europe (CERRE) think tank, says it might make sense for Europe to develop its own limited sovereign cloud to protect critical government he adds that it's unrealistic to try to "get Americans out of the supply chain, or to ensure that there's Europeans in the supply chain at each point".He points to Gaia X - a scheme launched in 2020 to create a European-based alternative to large, centralised cloud platforms, which has faced significant criticism and delays."A lot of these [tech] markets are winner takes all, so once you're the first mover it's really hard for anyone else to catch up."Instead, Mr Meyers thinks Europe should focus on areas of technology where it might gain an edge."It could be the industrial use of AI, because Europe already has a much bigger, stronger industrial base than the US has," he says. "Or the next generation of chipmaking equipment, because one of the few areas where Europe has foothold is in photolithography - the machines that make the really top-end chips." So where does the digital sovereignty agenda go from here?Some believe nothing will change unless Europe brings in new regulations that force regional organisations and governments to buy local technology. But according to Mr Berjon, the EU has been dragging its feet."There is definitely political interest, but it's a question of turning it into a shared strategy."Matthias Bauer, director at the European Centre for International Political Economy, thinks the goal should be building up Europe's technology sector so it can compete with the US and a report on EU competitiveness in 2024, Mario Draghi, former head of the European Central Bank, noted Europe is "severely lagging behind" in new technologies, and that "only four of the world's top 50 tech companies are European"."It's currently much harder for a tech company based in the EU to scale across the bloc than it would be for the same company in the US," Mr Bauer says."You not only face different languages, but different contract law, labour market laws, tax laws, and also different sector-specific regulation."As for the theory that President Trump might flip a "kill switch" and turn off Europe's internet, he's highly sceptical."It would be a realistic scenario if we were close to a war, but I don't see that on the horizon."Yet Mr Maisto says organisations must take the risk seriously, however remote."Two years ago, we didn't think we would be talking about these topics in these terms in 2025. Now organisations want to get ready for what might happen."
Times
6 hours ago
- Times
Rachel Reeves to cut ‘bats and newts' in boost to developers
Rachel Reeves is preparing to strip back environmental protections in an effort to boost the economy by speeding up infrastructure projects. The chancellor is considering reforms that would make it far harder for concerns about nature to stop development, which she insists is crucial to restoring growth and improving living standards. The Treasury has begun preparing for another planning reform bill and is thinking about tearing up key parts of European environmental rules that developers say are making it harder to build key projects. Labour ministers have repeatedly insisted that their current planning overhaul will not come at the expense of nature, promising a 'win-win' system where developers will pay to offset environmental damage. But Reeves is understood to believe that the government must go significantly further, after expressing frustration that the interests of 'bats and newts' are being allowed to stymie critical infrastructure. She has tasked officials with looking at much more contentious reforms, which are likely to provoke a furious backlash from environmentalists and cause unease for some Labour MPs. A smaller, UK-only list of protected species is being planned, which would place less weight on wildlife — including types of newt — that is rare elsewhere in Europe but more common in Britain. Developers would also no longer have to prove that projects would have no impact on protected natural sites, under plans that would abolish the 'precautionary principle' enshrined in European rules. Instead, a new test would look at risks and benefits of potential projects. Further curbs to judicial review are also being considered by Reeves to stop key projects being delayed by legal challenges from environmentalists. No decisions have been made, but work is underway and Treasury sources acknowledged there was a growing belief that the government needed to go further, as Reeves says she wants to make boosting Britain's sluggish productivity the centrepiece of her autumn budget. She argued this week that building more infrastructure such as roads and railways were crucial to this aim. A Planning and Infrastructure Bill currently going through parliament attempts to encourage development through a 'nature restoration fund' through which developers will be allowed to press ahead with projects by setting up schemes elsewhere to offset their environmental impact. • The grid is struggling — and our green future hangs in the balance But the plan has been criticised by environmental groups while also attracting scepticism from some developers, who fear it will not work in practice and do little to speed up building. Lord Hunt of Kings Heath, who stood down as energy minister in May, is urging his former colleagues to go further to achieve Labour's promise of 150 major infrastructure projects. 'While I think the planning bill will work for housing, I don't think it is sufficiently focused on the major infrastructure projects, so it is encouraging that the Treasury is going to have another look at whether we've really got this right,' he said. 'The government has to face up to the tensions in the Habitat Regulations which are making it hard to build essential infrastructure and the reality is that at some point someone needs to make a hard decision and say 'on some things, you just have to press ahead'.' The rules, which incorporate the EU Habitats Directive into British law, ban killing of hundreds of species, including types of bats, news, voles, snails, spiders, insects and woodlice. Developers must prove there is no risk to protected sites and species before being allowed to go ahead with projects, under rules which critics say impose an 'impossibly high standard' on vital projects. Reeves is increasingly sympathetic to such criticism, after repeatedly hitting out at 'ridiculous' environmental protections. She said last month that she cared 'more about the young family getting on the housing ladder than I do about protecting some snails', after a speech in January in which she said developers should be able to 'focus on getting things built, and stop worrying about bats and newts'. Sir Keir Starmer has also expressed frustration with the ability of campaigners to delay projects through legal challenges, and is already introducing rules which limit judicial review to override the 'whims of nimbys'. Campaign groups and residents, who currently have three opportunities to apply for judicial review, which will be reduced to two, or one in cases deemed by a judge 'totally without merit'. Reeves is now considering allowing only one opportunity to bring any challenge. Some Labour MPs and peers want her to go further by using dedicated acts of parliament to prevent any legal challenge to specific named projects. The plans are at an early stage and are likely to cause tension with ministers in other departments who have pledged to protect the environment. Paul Miner, of the countryside charity CPRE, said targeting habitats regulations would 'take us backwards rather than forwards on nature recovery', adding: 'We urge the government to drop the worn-out 'builders versus blockers' narrative which wrongly frames climate and nature as being in conflict with economic growth.' Becky Pullinger, of the Wildlife Trusts, said maintaining environmental standards was 'essential if we are to achieve targets to protect and restore the natural world which is suffering huge declines, saying Reeves should abandon 'the myth that deregulation will lead to economic growth'. But Robbie Owen, head of infrastructure planning at Pinsent Masons, said: 'Ministers are finally realising that their rhetoric about reform doesn't match up up the reality of their bill. We have been saying to ministers and officials all year that the bill needs to go further and it seems that message has finally been heard.'
