Business Now Mag

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  • BBC Business News: US economy adds 173,000 jobs in August
    The US economy adds 173,000 jobs in August in the last unemployment report before September's interest rate decision by the Federal Reserve.
  • BBC Business News: Phone scammers' tricks caught on tape
    Three men who tricked their victim into handing over her £12,000 savings on the phone have been caught on tape, thanks to her son's premonition.
  • BBC Business News: Hugo Boss fined £1.2m over mirror death
    Hugo Boss is fined more than £1m over the death of a four-year-old boy who was crushed by a free-standing mirror at one of its stores.
  • BBC Business News: Bwin accepts £1.1bn GVC takeover bid
    Online betting company Bwin accepts a £1.1bn takeover bid from GVC, in preference to a rival offer from 888.
  • BBC Business News: FTSE drops further after US jobs report
    The FTSE 100 extends its losses after the release of the latest US jobs figures.
  • Pubs For Sale (Info for customers): Multiple Business Venue In Cheshire Countryside For Sale
    Large Georgian Steakhouse Restaurant and Lounge Bar, Caravan Site and Bed & Breakfast set in the heart of the Cheshire countryside. A newly reopened and fully renovated venue that is now currently tra
  • BBC Business News: VIDEO: Dutch start-up mixes work and wine
    Short on money but big on ideas, a Dutch start-up company has found a novel way to save money on rent while occupying a prime position in the heart of Amsterdam.
  • Business Cornwall: Video: Weekly news roundup
    Our weekly video roundup of Cornish business news, produced in association with Pirate FM.
  • Business Matters: Small businesses are underprepared for Black Friday

    Royal Mail today launches new research, conducted for Small Business Advice Week, which reveals that UK SMEs are underprepared for Black Friday and many are not applying lessons from last year.

    Black Friday, the one day promotional sales event which originates from the United States, is now regarded as the start of Christmas shopping season in the UK and represents a major boost to the retail shopping calendar. In 2014, consumers spent £810million online on Black Friday and Royal Mail research, conducted in August, found that 60 per cent of consumers are already preparing to shop online for this year’s event.

    The survey of 250 small business owners found that while 95 per cent are making preparations of some form, SMEs are not applying all the lessons learnt from last year’s event.

    In 2014, the biggest challenges faced by SMEs around Black Friday were: coping with increased website traffic, managing stock, delivering their orders on time or quickly enough and distributing orders from their warehouse.

    While small business owners are preparing for influx of web visitors (39 per cent are arranging extra IT capacity), bringing in more staff to prepare orders (40 per cent are employing additional staff) and improving the availability of products (with 55 per cent ordering more stock), nearly two thirds are not preparing for the delivery of customer orders.

    Only 38 per cent of SMEs have extended their ‘delivery window’ to allow more time to get deliveries to consumers and just 36 per cent are working with their delivery provider to forecast volumes. This means that up to 3.1million UK SMEs run the risk of not being able to meet their delivery promises and may undermine customer satisfaction on Black Friday.

    Roger Morris, Head of Royal Mail Parcels, said: “Black Friday has established itself in the UK shopping calendar and now marks the start of the Christmas retail season. SMEs are joining the big brands to claim their share of the retail spend, but our research shows that they may be risking their reputation by not preparing in all areas of their business.”

    For Small Business Advice Week, Royal Mail is advising small and medium-sized business to work with their delivery provider to forecast volumes for Black Friday and the Christmas shopping period. Royal Mail considers Black Friday as part of its Christmas delivery period and has been planning its logistics and staffing since early 2015. Royal Mail’s preparations include the creation of dedicated parcel sorting centres and the recruitment of thousands of additional staff for the peak period.

     Deane Brooks, managing director, said: “Last year we knew about Black Friday and were running some fantastic offers, but the response from consumers was unprecedented. It was one of our biggest days of the entire year for sales. So this year we’re getting ready early. Our IT system is already robust enough to cope with the surge in traffic on a single day, but we are bringing in more staff to work throughout the weekend and planning with Royal Mail to ensure that our customers’ orders are despatched and delivered on time.”

    Roger Morris continues: “Just like our customers we are getting ready for the shopping season by bringing in more staff and adding more capacity. Our advice for SMEs this week is don’t forget an important part of the puzzle: planning your delivery. Working with a trusted delivery provider will give small businesses the reassurance that their Black Friday orders will get there on time, every time.”

  • Pubs For Sale (Info for customers): Very Busy Profitable Leisure Complex For Sale
    Overview of the complex The complex is made up of four business areas, and trades as a single operating company. This includes players Bar, and restaurant,Vudu Lounge, and the snooker centre Club ic
  • BBC Business News: Asia drives record profit at Dyson
    The engineering group Dyson reports record profits driven by Asia and new technology.
  • Manufacturing Business For Sale (Info): Manufacturer Of Protective Packaging And Transportable Solutions For Sale
    Our client provides a full suite of protective packaging solutions to a broad range of sectors including NHS, automotive, electronics, military and commercial. As an accredited converter for leadin
  • Business Matters: Crowdcube celebrates £100million mark for investments

    With over 200,000 sharers and investors having used the site, Crowdcube has managed to raise over £100million, shared between 290 businesses.

    Launched in 2011, Crowdcube has become one of the most popular sites for startup businesses to gain monetary support to grow their businesses. This year alone, Crowdcube has managed to raise £50 million for 109 businesses, including 14 overseas companies.

    Independent research from Crowdsurfer shows that so far in 2015 Crowdcube has secured British businesses more funding than all the other players combined, with an impressive 52 per cent market share. Contributing to the success of the site are 20 businesses that have raised over £1 million on the site, a funding rate of 50 per cent.

    It was announced recently that Crowdcube is in the ‘Top Ten Most Popular Companies’ on Escape the City, highlighting the popularity of the crowdfunding platform. Having recently raised £6 million in funding to accelerate their growth it’s safe to say Crowdcube is going strong. The investment was led by Numis, a leading UK stockbroker, iconic Silicon Valley investor Tim Draper, venture capital firm Draper Esprit, alongside existing backers Balderton Capital, one of Europe’s largest venture capital firms.

    Crowdcube are now three times bigger than their nearest competitor, having raised more money than the rest of the market combined.

  • BBC Business News: VIDEO: The doctor-led Kenyan hospital
    Dr Dan and Dr Betty Gikonyo built and run the Karen Hospital in Nairobi, Kenya.
  • BBC Business News: Hinkley Point nuclear plant delayed
    Energy giant EDF has admitted that construction of Britain's first new nuclear power plant in decades has been delayed.

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