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Government IT cuts already producing savings
The government claims that its attempts to turn the screws on ICT spending and use technology more efficiently have already contributed heavily to savings of £1bn racked up since May. The Cabinet Office revealed that the savings, which are par... News | 16 Dec 2010
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Number of SMEs living on the breadline
A significant number of small businesses are living on the breadline with barely any spare cash to cover emergencies. According to a survey from GE Capital 16% of SME's are sailing close to the wind with only a minimum amount of cash available if re... News | 13 Dec 2010
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Costs of lending for SMEs continues to rise
The cost of borrowing for SMEs in the channel continues to increase with the increases in interest rates adding misery to the existing problems getting hold of credit. Accotrding to a Syscap survey the lending margins to SMEs relative to the Bank of... News | 25 Nov 2010
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Northamber books operating profit, notes caution in economy
Northamber has once again sounded a note of caution about the impact of government austerity measures but says efforts to cut overheads and move into new areas helped it push up sales while returning to operating profit. In a Q1 interim statement th... News | 11 Nov 2010
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UK tech sector a hive of M&A activity, claims Ernst & Young
The UK tech industry was a hot bed of mergers and acquisitions in the third quarter with activity up five fold on last year, according to an Ernst & Young report. Forty four deals were done during the summer up 76% on the same period in 2009 to ... News | 09 Nov 2010
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Government department plans to tackle deficit to be revealed
More details of where the spending cuts will fall in government departments should emerge today with the Prime Minister publishing business plans from Whitehall. The promise of more detailed business plans from government departments was made in las... News | 08 Nov 2010
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Best Buy UK reveals £29m losses
Best Buy UK might have gained plenty of headlines with its arrival in British retail parks earlier this year but its a £29m loss which is currently gaining it publicity. The retailer made the losses in the six months to 30 September, revealed ... News | 05 Nov 2010
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Fewer companies seek extra time to pay VAT bills
By Billy MacInnes The number of companies seeking an arrangement to postpone payment of their VAT bills by increasing their time to pay (TTP) to the taxman has declined substantially since the peak of January 2009. According to figures from HMR... News | 29 Oct 2010
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Aggressive Ingram Micro pricing buoys sales, hits profits
Ingram Micro posted solid revenue gains in the third quarter on the back of a strong showing in its US homeland, but aggressive deals in Europe and Asia meant that profits fell short of analyst expectations. The broadliner last night filed numbers f... News | 29 Oct 2010
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Avnet surpasses $6bn revenue milestone
Avnet has broken through the $6bn sales barrier in its fiscal first quarter on the back of double digit organic growth and three acquisitions. Revenues at the largest VAD on the planet grew 42% to $6.2bn, including 26% growth on a pro-forma basis wh... News | 28 Oct 2010