A source from the Institute of Chartered Accountants in England and Wales (ICAEW) believes that cash rich, well-run businesses will be in a strong position to gain market share and make acquisitions over the coming months.
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Online retail enjoys a HUGE sales boom
Sales are booming, but unfortunately for the small businesses on the high street the boom is being seen by online retailers. A new report from the IMRG Capgemini e-Retail Sales Index indicate that online sales have shot up by 16 per cent when compared with online retail sales from 2007.
The chief executive of IMRG, James [...]
Credit Crunch Encouraging Business to become more efficiant
The manufacturing Institute believes that financial problems caused by the credit crunch will benefit employers, as they will push to improve profit margins and become more efficient.
Peter Rogers, the practitioner team manager at the Manufacturing Institute, explained that companies are being forced to squeeze their profits because they can pass increased costs onto their [...]
FPB Warns SMEs to Protect themselves from the Credit crunch
According to the Forum of Private Business (FPB), small businesses should protect themselves against the effects of the credit crunch. They should be prepared for job losses, actions from employees and delays in payment from customers.
A KPMG business confidence survey found that up to 53 percent if firms are planning to reduce staff levels. [...]
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