By Claire West Leading online fashion retailer ASOS is rapidly becoming the market leader in the UK online fashion world. The business continues to generate profitable growth despite continued investment in operational resources and enjoys strong and increasing barriers to entry. Results released this week show that ASOS has once again performed strongly and sales […]
Posted on 17th November 2008 in General business.
By Claire West According to Barclays Bank successful loan applications remain broadly in line with last year. In spite of difficult market conditions Barclays Bank has increased its lending and overdrafts to small businesses by 5.3.%, from £9.6 billion September 2007 to £10.1 billion September 2008. Further, Barclays Bank annual rate of lending growth to […]
By Claire West Warnings were made today of possible parity between euro and sterling as the pound plunged again this week. New record lows were set with the euro reaching its strongest level since the creation of the currency in 1999 (82.09p). As of Wednesday 12pm, the current interbank rate will buy you as little […]
By Claire West UK Trade & Investment (UKTI) has announced new funding rules governing the Tradeshow Access Programme (TAP) that assists small and medium-sized businesses (SMEs) to take part in certain overseas trade fairs. Gareth Thomas, Minister for Trade and Investment, said: “Small and medium-sized enterprises are the lifeblood of any economy. In difficult times, […]
Posted on 11th November 2008 in General business.
By Ron Romano How to Avoid Business Failure & Increase Sales in a Lagging Economy When you’re a small business owner there’s no “Golden Parachute”, no Massive Severance Package or Stock Options to cash in on and there are definitely no bailouts. The success or failure of your small business is all on your shoulders! […]
Posted on 30th October 2008 in General business.
Commenting on John Denham’s announcement today that £350 million will be offered to small businesses to help boost staff skills, Director General of the British Chambers of Commerce, David Frost, said: “The economic slowdown is emphasising the UK’s current skills shortages, so making more funds available to improve staff skills will benefit small firms. Of […]
By Claire West Plans to delay the implementation of legislation to extend the right to request flexible working to the parents of older children send out completely the wrong message, and risk doing more harm than good to UK competitiveness, according to Jackie Orme, Chief Executive of the Chartered Institute of Personnel and Development. Responding […]
By Nick James Gloomy predictions from The Ernst & Young ITEM club say that the UK is already in a recession. Chief economist, Peter Spencer, said: “We now have to face up to the reality of an economy that has been seriously weakened by recent dramatic events. “The effects of the credit crisis are spreading […]
By Claire West The CBI responded to the government’s decision aim for an 80% cut in carbon emissions by 2050. John Cridland, CBI Deputy Director-General, said: “This is an ambitious target, and one where business will play a crucial role, providing low-carbon energy sources and improving the country’s energy efficiency. “However, the government must ensure […]
Posted on 18th October 2008 in General business.
By Claire West Small businesses and entrepreneurs in the UK are crying out for mentoring and coaching advice, according to research released today from Yell.com, the online service from Yellow Pages, and horsesmouth, the social networking site dedicated to free and informal online mentoring. The research supports the Yell Mentoring Works Awards, run in conjunction […]
Posted on 17th October 2008 in General business.
By Claire West Writing in the Times, The Prime Minister explains the financial stability programme announced on 8 October. The banking system is fundamental to everything we do. Every family and every business in Britain depends upon it. That is why, when threatened by the global financial turmoil that started in America and has now […]
By Claire West Good news at last as Bank of England cuts rates to 4.5% The Forum of Private Business (FPB) is welcoming the Bank of England’s decision to cut interest rates from 5% to 4.5%. The FPB believes that slashing the cost of borrowing will significantly boost the confidence of the owners of small […]
Posted on 8th October 2008 in General business.