Supermarket giant Tesco is the worst for late payments amongst a list of the UK’s best-known retailers, taking an average of 105 days beyond terms to pay its suppliers, according to new research. Iceland and Debenhams were the next two retailers on the list, taking an average of 75 days and 73 days beyond terms respectively
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Majority of businesses neglecting cybersecurity due to lack of resources
by Owen Gough • • 0 Comments
UK businesses are failing to protect themselves and neglecting cybersecurity for their firm due to a lack of IT resources, according to research from business solutions provider Office Depot. Insights gathered from 500 IT managers working in large UK corporates reveals that three quarters (74 per cent) think their company is neglecting cybersecurity and data protection,
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Consumer spending reached six month high in October
by Owen Gough • • 0 Comments
Visa’s UK consumer spending index signals robust growth in household expenditure at the start of the fourth quarter. On an annual basis, spending rose +2.5 per cent, up from +2.3 per cent in September and the strongest rate of increase in six months. Compiled by Markit, the index is distinct from Visa’s business performance and
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UK small businesses are confident in bank funding
by Owen Gough • • 0 Comments
The UK’s business owners and small businesses are confident that bank funding is available, but these businesses are yet to be convinced about the merits of borrowing more, according to the latest Owner Managed Business (OMB) Barometer from Bank of Cyprus UK. These findings come on the heels of the Bank of England’s new £100
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Government ‘must bear the costs’ of new SME tax obligations
by Ben Lobel • • 0 Comments
The organisation also gives particular attention to raising taxpayers’ awareness about related cyber security issues. The appeal is made in ATT’s response to the HMRC consultation ‘Bringing business tax into the digital age’. In its response, the ATT emphasises that if digital record keeping and quarterly profit reporting are made mandatory from April 2018 as
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Millions of Brits admit to online shopping while drunk
by Owen Gough • • 0 Comments
An estimated two million people in the UK admit to online shopping after drinking, with drunken purchases ranging from new cars and expensive holidays to exotic animals, a new study reveals. The study by online marketplace Flubit.com, finds that one in 20 people have bought goods online after consuming alcohol. The revealing figures follow recent
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UK mid-sized businesses celebrate record growth
by Owen Gough • • 0 Comments
Mid-sized businesses in the UK are posting record growth, according to Investec. The compound annual growth rate (CAGR) for the last four years amongst the country’s 100 fastest-growing mid-sized companies reached 59 per cent, up from just under 45 per cent in June this year when the previous ranking was published, and from 38 per
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UK SMEs are investing in digital transformation for faster growth
by Owen Gough • • 0 Comments
Two thirds of UK SMEs are using technology to improve their business to keep up with digital transformation, according to an IDC custom study commissioned by SAP SE. The research, which looked at the views of UK SMEs finds that most of these companies felt they could do more to exploit new technologies to take advantage
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Black Friday sales to dampen Christmas spending
by Owen Gough • • 0 Comments
Black Friday sales will kick-start Christmas shopping, but shoppers anticipate a curb in spending through December and in the January sales. The survey by The Market Creative finds that more than two-thirds of consumers plan to take advantage of Black Friday sales with 62 per cent shopping for Christmas gifts. However 26 per cent anticipate this will
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Equal Pay Day: Moving from the salary to the performance economy
by Owen Gough • • 0 Comments
In time for Equal Pay Day, women across the country suffer an 18 per cent pay difference because of gender prejudice, according to figures from the Office of national Statistics. The study finds that 85 per cent of CEOs admit that the main cause of a continued pay gap is down to gender prejudice. More than
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