Business Connections

Small Talk: Forget the regulator, it’s down to the customers to force better competition in business banking

Small businesses pleased that the Competition and Markets Authority’ has decided to refer the banking sector for a full competition inquiry should not get too excited. The truth is that if small and medium-sized enterprises (SMEs), which the CMA agrees suffer at the hands of a lack of competition in the banking sector, really do want a better deal, they are going to have to fight for it.

Six in 10 small businesses are owed late payments and the average small business is currently owed £38,186 in overdue bills, Bacs says

Small Talk: Small businesses struggle to get paid – and too often the culprits are big businesses and councils

One in four companies is spending more than 10 hours a week chasing overdue payments

Small Talk: The Alternative Investment Market has recovered after five miserable years but is still fragile

Britain has a remarkable propensity for building things up only in order to knock them down again. The sad story of the online fashion retailer Asos is a case in point. Having lauded the company for years, driving its stock to higher and higher valuations, investors have run for cover at the first sign of trouble; two profits warnings have seen the share price halve this year.

Small Talk: Click and collect could be the catalyst for small, independent retailers to mount a comeback

Could the internet save the high street, particularly the smaller independent retailers we all profess to love but all too often fail to support with our custom? Brandon Lewis, the government minister with responsibility for the internet, thinks so – and he might be right.

Medium-sized businesses need more support to stop them from falling over the tax cliff

More support for Britain’s often-neglected medium-sized businesses: the Confederation of British Industry today publishes a series of proposals for tax reforms it hopes will enable many of these companies to fulfil their potential.

Small talk: As more small companies appeal against rejected applications for credit, banks need to try harder to get their lending decisions right

More than 1,100 small firms were wrongly turned down for finance by a big bank over the year to the end of March, a report reveals today.

Small Talk: Forget the funding... entrepreneurs should bank on having a mentor to give them a flying start

What support do business start-ups need most today in order to get off the ground, grow and eventually prosper?

Small Talk: Celebrating regional talent and innovation will help to foster growth, says chairman of the Federation of Small Businesses

In many ways, London is in a league of its own. It is home to one of the world’s greatest financial centres. The capital is a crucible of trade and commerce for both established and emerging markets as well as being the hub of creative talent, but there is so much untapped potential in our nations and regions.

Small Talk: In Britain small companies are often sold on to bigger firms. In Germany they tend to do things differently ...

The former BT boss Lord Livingston, who now serves at the UK’s Trade and Investment minister, is understandably delighted about the deal announced last week by Chinook Sciences, the Nottingham-based clean technology specialist. Chinook’s £300m contract to build a waste-driven energy plant in the UAE is the first large export deal for a medium-sized British company since Lord Livingston unveiled specialist support for these businesses earlier this year.

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Small Talk: Who should we thank for falling unemployment? SMEs. So we must do everything we can to help them carry on the good work

Who should take the credit for Britain’s jobless rate falling back below 7 per cent? Well, while policymakers argue about the politics of lower unemployment, let’s look at the figures: since 2010, 84 per cent of job growth has come from small and medium-sized enterprises, while almost nine in 10 people moving out of unemployment have either started their own business or been taken on by someone else’s small company.

News
The Bank of England has become embroiled in an investigation that could damage the 321-year-old institution
This week the Bank of England was embroiled in a criminal inquiry over possible rate rigging during the financial crisis. The affair has also raised hard questions about the central bank’s commitment to transparency, says Ben Chu
News
Greggs is making more use of centralised bakeries, letting stores get on with selling meal deals, healthier sandwiches and coffee
Catering to the breakfast and lunch crowds has worked wonders
News
Economic View: Do mountaineers get 100 metres from the summit and celebrate? It's the peaks that matter, says Ben Chu
News
The performance of ITV1 was the main reason for the decline. But advertisers appear willing to pay more for less, says James Moore
News
Andrea Leadsom came to public attention for her questioning of Barclays’ Bob Diamond
The Economic Secretary to the Treasury wants the public to know that errrant bankers are being chased down, bailout money is being recovered and that it will not be allowed to happen again. Margareta Pagano meets her
News
Auntie is not fit for privatisation and, possibly, never will be, says Mark Leftly
News
Barclays to set aside nearly £500m
'Adjusting out' the nasty bits doesn't give us a clearer picture of Barclays, says James Moore
News
Germany and Greece succeeded in agreeing on a breakthrough of a four-month bailout extension
Greece fundamentally suffers from lack of revenue, says Satyajit Das
New Articles
Warren Buffett is the exception - fund managers must be monitored
It might be time to divert some watchdog resources towards the fund-management industry, says James Moore
News
Nemtsov in 2012; he was, said Britain’s former ambassador to Russia, ‘charismatic, determined, and, finally, brave’
Britain must toughen up on money laundering and corruption in the spirit of Nemtsov, says Jim Armitage
News
A recent rise in net migration has been considered bad news for the Government
Despite what Governor Mark Carney has claimed the Bank of England does not have the tools to make it go away, says David Blanchflower
News
MPs will publish recommendations aimed at improving small business productivity this week
David Prosser: Small businesses hold the key to raising Britain's productivity
News
The venture dug a hole for itself when it sought to raise funds for its Russian goldmines
Petropavlovsk's shareholders yesterday voted to wipe out the value of their investment. Jim Armitage reports on how the shine came off the company
News
David Potts started out as a Saturday boy in Tesco
After a vertiginous rise through the ranks of rival Tesco, David Potts was yesterday named boss of Morrisons. So are his former employers in his sights? Simon Neville finds out
News
Six banks were fined, including Royal Bank of Scotland (RBS), for trying to manipulate foreign-currency prices are a stark reminder of the need for sweeping changes
Video: Oscar Williams-Grut provides a run-down of the day's major news from the City
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Day In a Page

Homeless Veterans campaign: Donations hit record-breaking £1m target after £300,000 gift from Lloyds Bank

Homeless Veterans campaign

Donations hit record-breaking £1m target after huge gift from Lloyds Bank
Flight MH370 a year on: Lost without a trace – but the search goes on

Lost without a trace

But, a year on, the search continues for Flight MH370
Germany's spymasters left red-faced after thieves break into brand new secret service HQ and steal taps

Germany's spy HQ springs a leak

Thieves break into new €1.5bn complex... to steal taps
International Women's Day 2015: Celebrating the whirlwind wit of Simone de Beauvoir

Whirlwind wit of Simone de Beauvoir

Simone de Beauvoir's seminal feminist polemic, 'The Second Sex', has been published in short-form for International Women's Day
Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Why would I want to employ someone I’d be happy to have as my boss, asks Simon Kelner
Confessions of a planespotter: With three Britons under arrest in the UAE, the perils have never been more apparent

Confessions of a planespotter

With three Britons under arrest in the UAE, the perils have never been more apparent. Sam Masters explains the appeal
Russia's gulag museum 'makes no mention' of Stalin's atrocities

Russia's gulag museum

Ministry of Culture-run site 'makes no mention' of Stalin's atrocities
The big fresh food con: Alarming truth behind the chocolate muffin that won't decay

The big fresh food con

Joanna Blythman reveals the alarming truth behind the chocolate muffin that won't decay
Virginia Ironside was my landlady: What is it like to live with an agony aunt on call 24/7?

Virginia Ironside was my landlady

Tim Willis reveals what it's like to live with an agony aunt on call 24/7
Paris Fashion Week 2015: The wit and wisdom of Manish Arora's exercise in high camp

Paris Fashion Week 2015

The wit and wisdom of Manish Arora's exercise in high camp
8 best workout DVDs

8 best workout DVDs

If your 'New Year new you' regime hasn’t lasted beyond February, why not try working out from home?
Paul Scholes column: I don't believe Jonny Evans was spitting at Papiss Cissé. It was a reflex. But what the Newcastle striker did next was horrible

Paul Scholes column

I don't believe Evans was spitting at Cissé. It was a reflex. But what the Newcastle striker did next was horrible
Miguel Layun interview: From the Azteca to Vicarage Road with a million followers

From the Azteca to Vicarage Road with a million followers

Miguel Layun is a star in Mexico where he was criticised for leaving to join Watford. But he says he sees the bigger picture
Frank Warren column: Amir Khan ready to meet winner of Floyd Mayweather v Manny Pacquiao

Khan ready to meet winner of Mayweather v Pacquiao

The Bolton fighter is unlikely to take on Kell Brook with two superstar opponents on the horizon, says Frank Warren
War with Isis: Iraq's government fights to win back Tikrit from militants - but then what?

Baghdad fights to win back Tikrit from Isis – but then what?

Patrick Cockburn reports from Kirkuk on a conflict which sectarianism has made intractable