UK's leading SME business magazine

Hobbycraft reports 200% boom in online sales since start of pandemic

The British love affair with home crafting shows no sign of abating, according to Hobbycraft, which has reported a 200% boom in online sales since the Covid-19 pandemic began.

650 jobs lost as burger chain Byron flips out of administration

More than half of the workforce at Byron, the upmarket burger chain, have joined the army of hospitality industry employees being made redundant because of the COVID-19 crisis.

Rules on insolvency ‘must be eased to prevent flood of bankruptcies’

Britain should prepare its courts for a flood of bankruptcies in the next few months and needs to liberalise its insolvency system to prevent viable businesses from going bust, a senior American economist and policymaker has warned.

Truss: MPs will get vote and could block post-Brexit trade deals

Liz Truss says that parliament is “entirely able” to block post-Brexit trade deals, despite warnings from Conservative MPs that their counterparts in Washington and Brussels will have more say.

Furloughed workers three times as likely to default on a payment

Furloughed workers are three times more likely than other employees to have defaulted on a payment last month, in a sign of the economic distress caused by the Covid-19 pandemic.

Why data migration is so valuable or how it can be accomplished

So, have your companies already carried out the data migration and address validation, or is the project currently in the planning stages?

In a mental rut with your business? Let’s sort that out right now …

Learn to recognise when your negative thoughts are holding you in a mental rut and instead move forwards with success

Hobbycraft reports 200% boom in online sales since start of pandemic
650 jobs lost as burger chain Byron flips out of administration
Rules on insolvency ‘must be eased to prevent flood of bankruptcies’
Truss: MPs will get vote and could block post-Brexit trade deals
Furloughed workers three times as likely to default on a payment
Why data migration is so valuable or how it can be accomplished
In a mental rut with your business? Let’s sort that out right now …

Latest News…

Hobbycraft reports 200% boom in online sales since start of pandemic

The British love affair with home crafting shows no sign of abating, according to Hobbycraft, which has reported a 200% boom in online sales since the Covid-19 pandemic began.

650 jobs lost as burger chain Byron flips out of administration

More than half of the workforce at Byron, the upmarket burger chain, have joined the army of hospitality industry employees being made redundant because of the COVID-19 crisis.

Rules on insolvency ‘must be eased to prevent flood of bankruptcies’

Truss: MPs will get vote and could block post-Brexit trade deals

Liz Truss says that parliament is “entirely able” to block post-Brexit trade deals, despite warnings from Conservative MPs that their counterparts in Washington and Brussels will have more say.

Furloughed workers three times as likely to default on a payment

Furloughed workers are three times more likely than other employees to have defaulted on a payment last month, in a sign of the economic distress caused by the Covid-19 pandemic.

Apple demands 50% rent cuts from landlords for UK stores

Apple is pushing for huge rent reductions across its UK stores despite its sales soaring to new heights during the lockdown.

Microsoft set to bag TikTok after ban threat by president

Microsoft’s potential takeover of the social media giant TikTok could be sealed imminently after a threat to ban it by Donald Trump forced the Chinese company to move towards a quick sale of its American operation.

Almost 10 million could be left without valid home insurance if they keep working from home

Millions of Britons are at risk of invalidating their home insurance if they choose to continue working from home after 1 August, when the UK government will further ease lockdown rules to encourage people to return to the office.

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Business

In a mental rut with your business? Let’s sort that out right now …

Learn to recognise when your negative thoughts are holding you in a mental rut and instead move forwards with success

csuite podcast interview with Dr. Tim Sievers, CEO & Founder, Deposit Solutions
Crime of opportunity: Are businesses leaving the front door open for cyber criminals?
Twitter Bitcoin scam reached over 382 million followers
How electronic security can enhance workplace safety during the pandemic
5 Tips for surviving and thriving during tough times
Client meals and staff parties: £1,000s saved by businesses during lockdown

Profiled…

Getting To Know You: William Copley, Founder & MD, Armstrong Bell

William Copley, Founder and Managing Director of business telecoms experts, Armstrong Bell tells Business Matters what defines his was of doing business.

Getting To Know You: Michael Foote, Managing Director, Quote Goat

Michael Foote is the Founder and Managing Director of cost-comparison site, Quote Goat, which compares the costs of both personal and business financial products

Marketing & Social Media

Tell me a story (about organisational transformation)

Sales assistant discussing transaction with customer

The importance of communicating well with B2B sales prospects

How to market your business post Covid-19

Newswire

EU stimulus package announced offers new confidence for investors

Business Matters

Struggling TSB set to close 100 branches and axe staff
FTSE 100 outperforms European counterparts as oil and tobacco stocks gain
Pound sinks ahead of second Brexit parliamentary vote
Ocado shares rise on reports of Marks & Spencer deal

Get Funded

Clampdown on EIS tax break knocks £200 million off amount raised in 2018/19

Tax-efficient Enterprise Investment Scheme (EIS) companies raised almost £200 million less in 2019/20 due to stricter rules on venture capital investing.

Employee app Blink raises £8.2m funding to connect key workers during Covid-19

Blink, a new smart employee app, officially launches today, after raising substantial funding from several key backers.

Online marketplace crowned UK’s fastest-growing company raises £3m in 11 days

An online marketplace has been crowned the fastest-growing company in the UK by an independent report.

Business owners secure £10m in funding thanks to Yorkshire accounting firm

A Yorkshire-based firm of chartered accountants and businesses advisors has helped its portfolio of clients secure over £10 million in financial support during the COVID-19 pandemic.

Ontex proves its mettle amid Covid-19

Even casual investors will know that crises like the current coronavirus pandemic with its shocks to the stock market are both a risk and an opportunity.

Derby-based software company ValueLicensing secures new funding

ThinCats the alternative lender to UK-mid sized companies, has provided a seven-figure stocking facility for ValueLicensing to support the company’s continued growth.

Common Objective raises over £350k to support fashion industry in wake of Covid-19

Common Objective (CO), the pioneering tech solution for the sustainable fashion industry, has successfully achieved its target raise on Crowdcube, and is now in overfunding.

Welsh medtech firm receives significant investment to help development of Covid-19 test

A leading Welsh medtech company has received significant equity funding to develop the digital element of a new rapid test to support authorities fighting the coronavirus pandemic.

Former Virgin Money boss Jayne-Anne Gadhia launches new finance app

In 2008, Jayne-Anne Gadhia was braving the banking crash. While lenders started falling like dominoes, she was steering the ship of Virgin Money, having left Royal Bank of Scotland months before it accepted a £45bn government bailout to avoid collapse.

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