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Tech Data hit by strong dollar and weak global economy
Tech Data has blamed the performance of the dollar against foreign currencies as one of the contributing reasons for a lower year-on-year performance in its fourth fiscal quarter. The distribution giant was also at the mercy of the global economic s... News
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IT firms holding up as enterprise insolvency rates rise
The number of IT firms falling into insolvency has remained stable at the start of this year compared with how things ended in 2011. The latest monthly figures from Experian show that 35 IT firms hit the wall last month, a 0.04% increase on the same ... News
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CBI unveils Budget wishlist with call for tax reforms
With the Budget looking on the horizon business groups have started to make their wishes known to the Chancellor as they look to try and get measures included that will support SME growth. The CBI has outlined its wish list including a call for &pou... News
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Northamber reports half year loss as MD Matthews retires
Northamber has given an indication of how difficult trading has been in distribution revealing that improvements it reported late last year have stalled as the economy weakens. The distributor revealed that not only was its half year sales down for ... News
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Business optimism rises but investment continues to lag
Business owners are feeling more optimistic about the prospects for profits and growth this year, although the shadow of a double dip recession is still hovering. Around a third of business leaders think there is a high risk of recession this year b... News
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Tech M&A activity dips in volume and value
The year started fairly quietly from the mergers and acquisitions perspective with the absence of any large deals. The latest survey of the M&A market from Regent showed that the there was a 20% drop in the number of deals in January compared to... News
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Banks fail to deliver promised credit
The high street banks have failed to deliver the level of credit to SMEs that the pledged as part of Project Merlin. The banks were meant to hand out loans totaling £76bn last year but figures from the British Banking Association revealed that... News
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In-depth: Potential personal exposure of directors
The recent case at the end of 2011 involving Langreen Limited (in Liquidation) revisits the question of the potential personal exposure of directors if their company fails financially. For once, directors have been offered some comfort,writes Paul Ta... Feature
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SMEs in the firing line as banks cut lending
Credit for SMEs is set to become an even bigger headache as the volume of lending from the major banks drops. A warning sounded by Ernst & Young groups SMEs along with those individuals with credit prolems as likely to be the hardest hit as loan... News
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Government called to think again about protecting creditors
The government's decision to abandon plans to make pre-pack administrations harder to enter into have been criticised for failing to protect creditors and vulnerable suppliers. The dreaded phoenix arrangement, where a firm goes bust but has already ... News