The overall deficit stands at around £2.8bn and FedEx’s Great British Export report found that the UK’s SMEs are helping to counteract this. While there has been exporting progress, many SMEs are still reluctant to branch out of Europe – even though other markets are more lucrative.
After launching a crowdfunding campaign on Crowdcube in May, mobile tech company Chirp has beaten its £400,000 investment target with a 188 per cent overfund to enhance its “internet of sound”.
Technology is having an impact on numerous industries, and the Digital Roadblock Report from Adobe has found the developments are putting almost half of the UK’s marketers on edge.
With mobile payments taking off across the country, ecommerce firm Avangate has revealed that 64 per cent of British shoppers would be willing to make purchases via wearable devices.
The UK’s creative industry is booming as Pinewood, the studio where latest James Bond film Spectre and Marvel’s Avengers: Age of Ultron were filmed, is “unable to meet all the demand from large films”.
Banking startup Mondo has confirmed its first funding round with Passion Capital investing £2m. It’s planning ahead and aims to offer a full current account in the first half of 2016.
The co-founder of Apple has adjusted his previous prediction that robots could spell the end of humankind, instead suggesting we could be the family pets of the future.
OneWeb – which aims to bring about global satellite internet – recently announced a $500m series A round with investors including the Coca-Cola Company, Airbus Group and Hughes Network Systems.
The Real Business Hot 100 2015 list, showcasing Britain’s brightest businesses, suggested that we might be seeing a move away from London and the South East as the dominant forces of the UK economy.
Since being established in 1980 by John Hays, Hays Travel has gone on to open 100 branches nationwide. Its late 2013 acquisition of Bath Travel – the south’s largest independent travel agent – reinforced the company’s position as the leading independent travel agent in the UK.
