In this article BBY Follow your favorite stocksCREATE FREE ACCOUNT People walk past a Best Buy store in Manhattan, New York City, November 22, 2021. Andrew Kelly | Reuters Best Buy cut its full-year sales outlook Tuesday, as the company weathers a period of cooler demand and prepares for price-conscious holiday shoppers. The consumer electronics
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In this article ANF Follow your favorite stocksCREATE FREE ACCOUNT Abercrombie & Fitch. Courtesy: Abercrombie & Fitch Abercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in sales thanks to a strong back-to-school shopping season and growth at both its namesake brand and Hollister. The longtime mall retailer, which has bounced
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Nordstrom on Tuesday said sales slid by nearly 7% year over year, echoing other retailers’ comments about weaker demand and budget-pressured consumers.
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Nvidia Co-Founder and CEO Jensen Huang arrives at a Senate bipartisan Artificial Intelligence Insight Forum in Washington on Sept. 13, 2023. Sarah Silbiger | Bloomberg | Getty Images Nvidia shares slid 2% in extended trading on Tuesday after the chipmaker reported fiscal third-quarter results that
Legacy bodies have welcomed potentially “transformative” new government measures aimed at streamlining the legacy income process for charities. The charity legacy consortium Remember A Charity and the Institute for Legacy Management said the changes being introduced by His Majesty’s Courts and Tribunal Service would include the addition of a new charity indicator on digital applications
Charity legacy income is expected to reach £6bn a year by 2050, new research predicts. The legacy consortium Legacy Foresight’s annual market briefing, published today, forecasts that an expected rise in deaths and a return to house price growth from 2025/26 will boost legacy income from the current value of about £4bn a year. Legacy
The Big Help Out volunteering event will return over a three-day period in early June 2024, organisers have announced. The event, which first took place on the bank holiday Monday after the King and Queen’s coronation in May this year, will be held from 7-9 June to coincide with the end of Volunteers’ Week. Organisers
An appeal for a fund worth £550m to be distributed to charitable causes instead of the government has failed in court. The National Fund was established in 1928 by Gaspard Farrer, who was a partner in bank and investment management company Barings, with an endowment of £500,000. The aim was that the funds would be
The Charity Commission is assessing “a significant number” allegations of antisemitism and hate speech linked to the behaviour of some charities amid heightened tensions in the Middle East, its chair has revealed. In a speech given at the commission’s annual public meeting in Liverpool yesterday, Orlando Fraser said the sector had a responsibility to bring
The Chancellor of the Exchequer should view civil society as a “key partner” when setting out his Autumn Statement, the think tank Pro Bono Economics has urged. Jeremy Hunt will present his Autumn Statement on Wednesday (22 November), laying out the government’s latest tax and spending plans. In a briefing ahead of the statement, PBE
Charities are being invited to apply to take part in the Big Give’s Green Match Fund 2024, which aims to raise £10m for environmental causes. The annual funding event was first held in 2021 and last year raised more than £4.3m for the 178 charities that took part. Next year’s event, which will run from
More than half of not-for-profit organisations are struggling to attract skilled staff, a global survey has revealed. Research carried out among 1,100 not-for-profit organisations from 115 countries by the Personio Foundation and the consulting firm Impact46 found that 52 per cent of respondents said attracting skilled staff was a major problem. It found that a
Staff that a union claimed had been suspended by a women’s charity after a bullying row have voted in favour of strike action. More than a dozen employees at Glasgow East Women’s Aid were sent home on 14 September after they raised “concerns about bullying in the workplace”, according to the union Unite. The charity
The fundraising company Omaze’s new donation model will guarantee £1m minimum to every charity partner from its house draws, it has announced. Omaze said today that the RSPCA would be the first charity to benefit from the new arrangement as part of a prize draw for a six-bedroom house in Somerset, worth £3m. Omaze is
A proposal to fine charities that provide tents to rough sleepers will not be going ahead, the Home Office has confirmed. The Financial Times newspaper reported last week that Suella Braverman, the then-Home Secretary, planned to criminalise the use of tents by all people sleeping rough as part of a new criminal justice bill for
The UK’s three charity regulators have criticised major high street banks for providing “poor customer service” to charities and abruptly closing or suspending their accounts. An open letter signed by the Charity Commission for England and Wales, the Charity Commission for Northern Ireland and the Office of the Scottish Charity Regulator has called for “big
Candidates endorsed by Restore Trust failed to win any seats on the National Trust’s council at the conservation charity’s annual general meeting. Restore Trust is a campaign group set up to lobby for the National Trust to “reclaim its mission” and change the charity’s direction. The group aims to shift the charity’s priorities away from
Income at Alzheimer’s Research UK rose by almost 20 per cent last year to a record high, latest figures show. The charity’s annual accounts for the year ending March 2023 show income of £49.9m, up from £42.2m in the previous year. This reflects a continuing trend of growth at the charity – its income has
Charities founded by King Charles while he was the Prince of Wales will be renamed following his accession to the throne, Buckingham Palace has revealed. The charities being renamed are The Prince’s Trust, which will become The King’s Trust; the Prince of Wales’s Charitable Fund, which will be renamed the King Charles III Charitable Fund;
Third Sector is set to launch a new podcast series that will focus on the vital work of small charities and not-for-profits. The podcast is titled The Diff, a play on Third Sector’s former magazine strapline “championing those who make a difference”. It is hosted by the radio presenter and film critic Rhianna Dhillon, who
The First Minister of Scotland has indicated that his government will provide longer-term grants for third sector organisations. Addressing delegates at the Scottish Council for Voluntary Organisations’ The Gathering conference yesterday (8 November), Humza Yousaf gave “firm assurance” that the government was considering ways to provide increased stability to charitable organisations through multi-year funding. He
The Charity Commission could intervene if trustees reject philanthropic donations due to “personal squeamishness”, the regulator’s chair has warned. In a lecture at the University of Kent yesterday (9 November), Orlando Fraser said that while the regulator would mostly respect trustees’ acceptance, refusal or return of a donation, it could intervene if the decision-making was
The RNID’s annual income decreased by about one-third last year after it sold off its care and support services, latest accounts reveal. The hearing loss charity’s total income fell to £14.5m in the year ending 31 March 2023, down from £21.9m in the previous year. The charity attributed the fall to its “strategic exit from
Richard Quallington, chief executive of the rural support charity Action with Communities in Rural England, has stepped down after eight years in the role. The charity, which works to address disadvantages faced by those living in rural areas and acts as the national body for the 38 members of the Acre Network of community support
The mental health charity Jami is to merge into Jewish Care, the organisations have announced. The two charities began to integrate their services just over a decade ago, when they created a single mental health service for the Jewish community. The organisations said the merger would secure sustainable mental health provision for the Jewish community.
The RSA (Royal Society for the Encouragement of Arts, Manufactures and Commerce) must pay almost £7,000 to a wrongfully dismissed employee, an employment tribunal has ruled. Ruth Hannan was dismissed by the RSA from the role of head of policy and participation on 10 October 2022, after she was quoted in The Observer newspaper as
The Charity Commission has opened an inquiry into a blood bike bike charity after finding “potential irregularities in its accounts”. Devon Freewheelers transports blood, medical equipment and samples to NHS establishments around Devon. In March, the charity was placed into the commission’s “double defaulter” class inquiry, which scrutinises charities that are late with their accounts
A community theatre charity based in Newcastle upon Tyne will close early next year because of funding challenges. Curious Monkey, which has been in operation for more than 10 years, produces theatre shows with under-represented communities such as care-experienced young people and refugees and asylum-seekers. It has five core employees – one contract was due
The comedian Joe Lycett has raised more than £60,000 for the homelessness charity Crisis after the Home Secretary described rough sleeping as a “lifestyle choice”. Lycett launched his campaign on Saturday after the Financial Times reported that Suella Braverman wanted to restrict the use of tents by people sleeping rough and to fine charities that
Suzie Hutchinson, chief executive of the children’s health charity Little Hearts Matter for the past 20 years, has become its head of services. Little Hearts Matter supports children, young adults and families affected by the diagnosis of single ventricle heart condition in a child, which means they only have half a functioning heart. Hutchinson, who
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