UK's leading SME business magazine

BA to sell multimillion-pound art collection to help recover from Covid-19 crisis

British Airways is selling its multimillion-pound art collection, including work by Bridget Riley and Damien Hirst, as it attempts to raise funds while the Covid-19 crisis continues to devastate the aviation sector.

Government likely to lose billions on emergency loan scheme

The government faces £35 billion of losses on its taxpayer-backed emergency loans as hundreds of thousands of small businesses default, the Office for Budget Responsibility estimates.

Mask-wearing in English shops ‘will be difficult to enforce’

Police chiefs and retailers have warned mandatory face coverings will be difficult to enforce if there is mass public resistance to masks, suggesting shop staff are likely to bear the brunt of the burden.

Workers back restrictions on technology use to improve physical and mental health

Employers should restrict technology overuse to offset remote working mental health pressures and allow employees to manage their physical health better, according to new global research published today.

Stamp duty holiday prompts return of low deposit mortgages to lure buyers

Three lenders have returned to offering mortgages on small deposits, giving a boost to first-time buyers who have grappled with a credit crunch in recent weeks.

Government hopes cut in red tape will triple UK’s battery capacity

Government ministers hope to triple Britain’s energy storage capacity by relaxing the planning rules which threatened to stifle a nationwide battery boom.

Halfords set to close up to 60 sites despite huge rise in bike sales

Halfords has confirmed plans to close up to 60 stores and garages by April, as it accelerates its plans to withdraw from one in 10 of its sites.

BA to sell multimillion-pound art collection to help recover from Covid-19 crisis
Government likely to lose billions on emergency loan scheme
Mask-wearing in English shops ‘will be difficult to enforce’
Workers back restrictions on technology use to improve physical and mental health
Stamp duty holiday prompts return of low deposit mortgages to lure buyers
Government hopes cut in red tape will triple UK’s battery capacity
Halfords set to close up to 60 sites despite huge rise in bike sales

Latest News…

BA to sell multimillion-pound art collection to help recover from Covid-19 crisis

Government likely to lose billions on emergency loan scheme

The government faces £35 billion of losses on its taxpayer-backed emergency loans as hundreds of thousands of small businesses default, the Office for Budget Responsibility estimates.

Mask-wearing in English shops ‘will be difficult to enforce’

Stamp duty holiday prompts return of low deposit mortgages to lure buyers

Three lenders have returned to offering mortgages on small deposits, giving a boost to first-time buyers who have grappled with a credit crunch in recent weeks.

Government hopes cut in red tape will triple UK’s battery capacity

Government ministers hope to triple Britain’s energy storage capacity by relaxing the planning rules which threatened to stifle a nationwide battery boom.

Halfords set to close up to 60 sites despite huge rise in bike sales

Halfords has confirmed plans to close up to 60 stores and garages by April, as it accelerates its plans to withdraw from one in 10 of its sites.

Canary Wharf Chairman calls for government to ease public transport rules

Sir George Iacobescu, the man credited with leading the development of the Canary Wharf district in London, has urged the government to change guidance on using public transport to get more people back to the office.

Scotch distillers urge UK government to save them from crippling US tariffs

Scotch distillers have accused ministers of pursuing a “misguided” strategy by leaving Brussels to negotiate the removal of American whisky tariffs, saying that they face “serious and irreparable damage” without an urgent resolution.

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Business

Workers back restrictions on technology use to improve physical and mental health

Stress management at the workplace: What to do and what not to do
How to start a glamping business
Increase your sales after lockdown
What does the Government’s ‘Plan for Jobs” mean for employers and workers?
How to market your business post Covid-19
Why E-Learning will be the trend this year

Profiled…

Getting To Know You: Adam O’Hare, co-founder, CloudStratex

Adam O’Hare, Business Director and co-founder of CloudStratex, a company transforming how businesses leverage next generation technology tells what was the inspiration behind the business.

Getting To Know You: Gavin Snell, CEO, Ellis Whittam

In the past 3 months, Ellis Whittam has delivered record levels of service, supporting existing clients, plus providing free tools and resources to all business owners.

Marketing & Social Media

How to market your business post Covid-19

The impact of keyword choice on website rankings

Little known benefits of using Google search API

Newswire

Struggling TSB set to close 100 branches and axe staff

Business Matters

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
Sterling rallies on hope UK can avoid no-deal Brexit

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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