Tech
UK fashion manufacturers report 68% sales surge in Q1 FY25: Unleashed
Business confidence fell into negative territory in Q1 for the first time since 2022, weighed down by tax hikes, inflation, sluggish growth, and global uncertainty. Yet, the fashion sector’s standout sales performance hints that UK manufacturers may be finding unexpected opportunities amid international market disruption.
“The unusual business conditions of the first three months of the year had generally played out well for the country’s smaller producers, as had falling bank rates. Anecdotally, what we’re hearing from some of our customers is that Q1 brought welcome windfalls. Some tariff-affected international customers have turned to UK firms to do business, while others raced to order more before tariff pauses came off. That’s delivered a shot in the arm for some firms, but more importantly we’re hearing that steadily falling bank rates are starting to stimulate the economy, which obviously is very welcome to UK manufacturers who’ve posted a really strong start to the year,” Joe Llewellyn, GM of ERP Small Business at The Access Group, the parent company of Unleashed, said.
UK fashion manufacturers saw a 68 per cent quarterly and 171 per cent annual rise in Q1 sales, despite falling business confidence.
Tariff shifts and easing bank rates boosted demand, though profitability dropped 36 per cent year-on-year.
Faster delivery times offer margin hope.
Overall UK manufacturing sales rose 30 per cent quarterly, with 10 per cent higher profits.
However Unleashed’s data also showed profitability dropped compared to last year. Gross Margin Return on Inventory (GMROI) for the average clothing manufacturer declined -53 per cent against the fourth quarter and -36 per cent year-on-year, to £4.14 return for every pound spent on buying stock.
However, delivery lead times also dropped down to 19 days on average, which offers some reassurances. Faster delivery times allow businesses to reorder in smaller quantities, which is a more cost-efficient way to generate sales that improves margins.
Across all of the 12 manufacturing categories analysed, sales were up by 30 per cent in Q1 2025 compared to Q4 2024 – and 13 per cent year-on-year. Profitability also jumped by 10 per cent in Q1 2025.
It’s possible that the higher profit margins seen in Q1 across the wider manufacturing base were caused by purchasing managers deferring their inventory replenishment spend in response to low GBP-USD exchange rates. In January the pound dipped to $1.22, making international purchases more expensive for UK buyers of US-dollar denominated goods. By the end of March, however, the exchange rate had trended favourably and reached 1.34 at the end of April.
Fibre2Fashion News Desk (RR)
Tech
FDA Approves Pill Version of Wegovy
The US Food and Drug Administration today approved a pill version of the blockbuster anti-obesity drug Wegovy. Made by Novo Nordisk, the pill is taken once a day. The company’s original version of Wegovy is a weekly injection. Both drugs contain the same active ingredient, semaglutide.
“This allows patients with obesity who want to lose weight to have a choice between a once weekly injection or a daily tablet,” says Martin Holst Lange, chief scientific officer at Novo Nordisk.
With the soaring popularity of injectable GLP-1 drugs for weight loss, Novo Nordisk and other pharmaceutical companies have been racing to make effective pill versions that could be preferable for some patients. These drugs mimic a naturally occurring hormone in the body that acts on the brain and gut to promote a feeling of fullness.
In clinical trial results published in the New England Journal of Medicine, participants who took the pill achieved an average weight loss of 13.6 percent by 64 weeks. Nearly 30 percent of people lost 20 percent or more of their weight. The study also showed improvements in cardiovascular disease risk and physical activity levels similar to the injectable version.
While pills can sometimes be a more convenient option, patients may not always take them as prescribed, making them less effective. The clinical trial investigators estimated that in an ideal scenario where participants take the pill every day as prescribed, weight loss would be 16.6 percent—which is similar to results seen with injectable Wegovy.
Novo Nordisk first won approval for an oral semaglutide, sold under the brand name Rybelsus, in 2019 to treat type 2 diabetes. That drug has never been approved for obesity and is not as effective for weight loss as newer GLP-1 medications. The Wegovy pill is essentially a higher-dose version of Rybselsus.
“The efficacy for the obesity pill at the end of the day is driven by dose. Higher doses are required to achieve full weight-loss potential for obesity,” Lange says. The Wegovy pill is 25 milligrams while Rybelsus is 14 milligrams.
The most common side effects of oral Wegovy include nausea and vomiting, which are also side effects of the injectable version.
Novo has not disclosed the exact timeline for the drug’s launch, but Lange says it will be available sometime in the first few months of 2026. Production of the medication is already underway at Novo Nordisk’s US manufacturing sites, and the company expects to have enough of the drug to meet US demand.
Tech
Mold Is the Enemy. A Good Dehumidifier Is the Solution
The first thing to think about is how you’re going to drain the water from the dehumidifier. In the basement, the best thing you can do is to use the dehumidifier’s continuous water drain tube to either the sump pump or a drain. If those options are not available, you might be emptying the tank multiple times a day. The first time I put a dehumidifier in the basement, the tank was filled in three hours’ time. It’s all about the drainage. Also, knowing how to read a label. If you have a 50-pint humdidifier that means the appliance can remove 50 pints of moisture from the air in a 24-hour period; it’s not the internal tank capacity. Also, look for the maximum area coverage. For example, the Honeywell Smart 50 pint can remove 50 pints of water from 4,000 sq ft—the size of a whole house—in 24 hours.
If you, like me, also need a dehumidifier in your city apartment, then consider buying one that’s easy to move around with wheels and a handle. Some of these machines are heavy. Also, a small dehumidifier in the bathroom is a good idea to keep the dampness at bay, especially if you have mold growing on your grout.
Lastly, do not drink the water collected in your dehumidifier tank. That water is not potable. Pour it down the drain. A dehumidifier is not creating distilled water; that’s a different process and appliance.
Tech
The Justice Department Released More Epstein Files—but Not the Ones Survivors Want
Over the weekend, the Justice Department released three new data sets comprising files related to Jeffrey Epstein. The DOJ had previously released nearly 4,000 documents prior to the Friday midnight deadline required by the Epstein Files Transparency Act.
As with Friday’s release, the new tranche appears to contain hundreds of photographs, along with various court records pertaining to Epstein and his associates. The first of the additional datasets, Data Set 5, is photos of hard drives and physical folders, as well as chain-of-custody forms. Data Set 6 appears to mostly be grand jury materials from cases out of the Southern District of New York against Epstein and his coconspirator, Ghislaine Maxwell. Data Set 7 includes more grand jury materials from those cases, as well as materials from a separate 2007 Florida grand jury.
Data Set 7 also includes an out-of-order transcript between R. Alexander Acosta and the DOJ’s Office of Professional Responsibility from 2019. According to the transcript, the OPR was investigating whether attorneys in the Southern District of Florida US Attorney’s Office committed professional misconduct by entering into a non-prosecution agreement with Epstein, who was being investigated by state law enforcement on sexual battery charges. Acosta was the head of the office when the agreement was signed.
Leading up to the deadline to release materials, the DOJ made three separate requests to unseal grand jury materials. Those requests were granted earlier this month.
The initial release of the Epstein files was met with protest, particularly by Epstein victims and Democratic lawmakers. “The public received a fraction of the files, and what we received was riddled with abnormal and extreme redactions with no explanation,” wrote a group of 19 women who had survived abuse from Epstein and Maxwell in a statement posted on social media. Senator Chuck Schumer said Monday that he would force a vote that would allow the Senate to sue the Trump administration for a full release of the Epstein files.
Along with the release of the new batch of files over the weekend, the Justice Department also removed at least 16 files from its initial offering, including a photograph that depicted Donald Trump. The DOJ later restored that photograph, saying in a statement on X that it had initially been flagged “for potential further action to protect victims.” The post went on to say that “after the review, it was determined there is no evidence that any Epstein victims are depicted in the photograph, and it has been reposted without any alteration or redaction.”
The Justice Department acknowledged in a fact sheet on Sunday that it has “hundreds of thousands of pages of material to release,” claiming that it has more than 200 lawyers reviewing files prior to release.
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