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Avnet Q2 brings greater profit returns for distributor
Despite booking a very slight year-on-year dip in sales to $6.69bn (£4.27bn), Avnet CEO Rick Hamada was in bullish mood as he looked back on his first six months in charge, a period that saw improving profitability at its VAD division Avnet TS,... News
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M&A and public sector on agenda as Trustmarque aims higher
Infrastructure and software VAR Trustmarque has revealed it may look to make larger acquisitions, potentially of similar sized businesses to itself, as it aims to build on the most successful 12 months in its 24 year history. Trustmarque boughtNimbus... News
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Insolvencies remain stable despite challenging economy
The IT population remained fairly intact during the tough times of last year with the number of insolvencies holding firm compared to the levels of 2010. The final numbers of insolvencies collected by Experian indicate that 688 IT firms fell into in... News
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Project Merlin fails to deliver credit to SMEs
SMEs continue to struggle to get their hands on credit through the scheme that was set up lasy year with the aim of improving the flow of funds to small businesses. The latest figures charting the progress of Project Merlin indicate that in the thre... News
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Tech M&A activity bounces back after poor start to Q4
The tech mergers and acquisition market across Europe stabilised last month bouncing back after a drop in deals over the autumn. According to the latest research from Regent the end of the year saw the level of M&A activity in terms of deal numbe... News
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Economy on the brink as output drops and confidence slumps
The UK economy is on the brink of another recession with both manufacturing and services suffering falls in output and business confidence slumping. According to the latest monthly BDO business trends survey there are concerns about output, optimism... News
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UK decline offset by European growth at Computacenter
Computacenter has revealed the UK market continues to be sluggish with revenue declining over the course of its fiscal year by 13%. The channel player revealed the state of its finances for the year ended 31 December 2011 in a trading update that sh... News
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SME support over credit and red tape still on 2012 agenda
The Forum of Private Business (FPB) has called for more support for entrepeneurs and a cutting of red tape in its New Year's message. The small business lobby group spent a great deal of last year making the call for a reduction in legislation restr... News
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Customers fear Eurozone crisis sparked recession
The New Year has started with the less than cheery forecasts from financial directors with half expecting a recession to kick in as the Euro crisis hits the UK economy. Research from Deloitte indicates that more than half of finance directors now ex... News
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Contingency plans must be in place if Eurozone crisis deepens
The Eurozone crisis is something that CIOs must be preparing to deal with now according to one of the major analyst houses which has raised staff morale and supply chain risks as some of the problems that could emerge. Gartner has handed out some ad... News