Monthly Archives: May 2021

2 Electric Vehicle Stocks that Plunged More than 7% Last Week

The electric vehicle (EV) industry experienced tremendous growth last year. However, a global semiconductor chip shortage and overvaluation concerns have caused EV stocks to retreat this year. This, along with the rising competition in the EV space, makes us think the near-term growth prospects are bleak for prominent EV players Tesla (TSLA) and NIO (NIO). Read on.

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Some small business owners still haven’t received their Restart Grant

Originally written by Anna Jordan on Small Business
A number of business owners haven’t yet received their Restart Grant, despite being launched at the beginning of April.
The Business Independent Retailers Association (BIRA) said that many of their members in England still haven’t received a Restart Grant owed by their local authority. One member said that their local authority website promised the grant by ‘the end of April 2021’ which has since been changed to ‘the end of May 2021’.
The one-off grants, which were announced in the Budget in March, were made available to help ‘non-essential’ businesses reopen after lockdown ended.
Andrew Goodacre, Bira CEO, said: “We are disappointed to hear from members that there are ongoing delays with the distribution of the Restart Grants.
“In our view these should have been with business owners before the shops opened and now we are in May and still too many independent retailers are waiting.
“All the data is with the local authorities as this is not the first time grants have been sent to businesses and we urge all local authorities to re-double their efforts. Shops may be open, but the owners still need all the support that is owed to them.”
What can I do if I

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5 ways for CFOs to understand their data better

Originally written by Sadie Williamson on Small Business
It’s no secret that the best businesses rely on data to drive decisions. It’s also no secret that even for the most data-literate CFOs, there are still some significant challenges involved with achieving data-driven financial planning excellence.
The sheer volume of information coming in can be challenging to parse in a meaningful way. And Excel, the CFO’s go-to app for ad hoc reporting, can be tricky to work with, especially given how many hours of busy work are generally involved with getting all the latest figures imported and standardised.
Rather than coping with the challenges of dynamic financial reporting, many organisations end up going on ‘gut feel’ instead of making an educated choice based on the metrics they’re collecting. But this can have even more serious ramifications – for example, failing to properly keep track of auto-renewing contracts and subscriptions cost small businesses between £3bn and £5.75bn in 2020.
Instead of trying to deal with all the data, or avoiding the mention of data altogether, it’s important for CFOs to demonstrate what can be possible when data is properly harnessed and understood. Here are five ways for CFOs to make better use of their data.
1. Remove

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