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Fraud falling under Chip and PIN

Chip and PIN technology has helped cut credit card fraud by 13 per cent in the last year, its first decline in a decade, according to new figures. Data from the Association of Payment Clearing Services (Apacs) shows that losses due to the fraudulent use of credit and debit cards fell last year by £65m to £439m. The drop is the …, 14 Mar 2006
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Entrepreneurs hail launch of IP centre

The British Library’s new intellectual property and business centre was officially opened to the public last night at an event attended by over 500 guests. Among those present were top entrepreneurs Doug Richard of Dragons’ Den fame, bookstore mogul Tim Waterstone and Tony Lit of Sunrise Radio. The entrepreneurs took part in a …
hands waving dollar bills in the air

Firms 'invisible' to online shoppers

Nearly half of small businesses could be missing out on their share of the growing online market due to poor knowledge of search engines. A new report from Fasthosts shows that 49 per cent of small firms fail to submit their company’s websites to search engines. Two-thirds of internet users told researchers that they only look …
arrow pointing up ill-equipped for IT threats

Seven out of every 10 small firms risk losing their business because they are not equipped to cope with security threats from viruses, fraud and system failure, new research suggests. According to a study by the National Computing Centre (NCC), 70 per cent acknowledge this risk despite agreeing that IT is critical to their …

Small business 'victory' in Jersey tax dispute

Owner-managers have claimed a victory over retail industry big guns in an argument about the exploitation of Jersey’s tax loophole. Goods worth less than £18 sold on Jersey are exempt from VAT, a fact that has tempted the likes of Tesco, HMV and Amazon to use the island as a sales base, distributing knockdown CDs, books and …, 28 Feb 2006

Broadband driving e-retail boom

Increasing use of broadband has been the single, biggest influence on the dramatic growth of online shopping, according to a retail analyst. A poll by distance shopping expert Zendor showed that over half of consumers say taking up a faster internet connection has allowed them to broaden their shopping habits. Zendor said …, 24 Feb 2006
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BBC Dragon hails UK start-ups

Start-up businesses in the UK offer better investment prospects than those in the United States, a panelist from the BBC’s Dragon’s Den programme has told a London conference on innovation. Doug Richard, chairman of Library House and the keynote speaker at yesterday’s UK Technology Innovation and Growth Forum, told an audience …, 21 Feb 2006
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Small biz owners' stress levels shoot up

Owners of small and medium-size businesses are suffering from increasing levels of stress, according to a new report. Research from financial advisor Grant Thornton has found that 17 per cent of business owners have experienced a significant rise in stress during the last year. The survey of over 7,000 owners found that a …, 20 Feb 2006

UK goes shopping for tech firms

The UK went against tradition last year and became a net investor in technology companies, according to a new report. Year-end figures for technology mergers and acquisitions from PricewaterhouseCoopers (PwC) Corporate Finance show that UK companies acquired 33 technology businesses worldwide in 2005, while just 24 UK companies …
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Gut feelings drive firms' IT decisions

Over a tenth of UK small businesses are making uninformed IT decisions based on "gut feelings", a new study has revealed. Research by Cisco Systems found that 13 per cent of small companies are making major IT decisions without conducting sound research or seeking advice. The trend is most prevalent among start-up businesses, …, 24 Jan 2006

ONS struggles to define ecommerce revenues

The growing popularity of online shopping has transformed from just another showroom for selling goods into a driver of economic growth, the Office for National Statistics (ONS) claims. In an article examining trends in online spending, published yesterday, the country’s official statistician acknowledges that its coverage of …, 20 Jan 2006
The Register breaking news loves computer contractors (true)

The government has surpassed the private sector to become the country’s largest employer of freelance IT specialists. Over one in four IT contractors in the UK now work in the public sector, according a report by contractor services firm Giant Group. Since 2003, the government has expanded its lead in freelance IT hires over …, 20 Jan 2006

Chip and PIN forces scammers to switch focus

As Chip and PIN technology takes hold on the high street, credit card fraudsters have been forced to alter their techniques, new research reveals. During the second half of 2005, the number of fraudulent transactions in high-street shops fell by 25 per cent compared to the first six months of the year, data from fraud detection …, 17 Jan 2006
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Firms 'fail to capitalise online'

Despite a bumper year for internet retailers, more than three-quarters of the UK's small businesses are still failing to take advantage of a widening online customer base, new research shows. A study by BT and the Institute of Directors (IoD) found that just 24 per cent of companies provide a website through which their …, 13 Jan 2006
hands waving dollar bills in the air

Revenue weighs up Arctic Systems appeal

HM Revenue & Customs (HMRC) is expected to announce this week whether it will appeal a court ruling which stopped the government from restricting the way in which married couples running their own business file their taxes. It is believed that HMRC will release guidance indicating if it will appeal to the House of Lords …, 10 Jan 2006

Arctic Systems tax ruling is victory for family businesses

A husband and wife have won a landmark victory against the taxman, as appellate judges have thrown out the government’s attempt to force small, family-run firms to pay thousands more in tax. Geoff and Diana Jones of West Sussex convinced the Court of Appeal to overturn previous rulings against them. HM Revenue and Customs ( …, 16 Dec 2005

UK e-tailers 'to lose £1bn over Christmas'

Poor communication is costing British online retailers up to £1bn in Christmas sales this year. Research from the Voice Commerce Group (VCG) has found that although internet shopping is experiencing unprecedented growth in 2005, retailers face losing approximately 20 per cent of their potential sales this holiday season. …, 14 Dec 2005
graph up grabs more UK public sector deals

The number of government contracts being won by small businesses has increased, according to official figures. Data from the Department of Trade and Industry (DTI) shows out of the £4.7bn worth of contracts up for grabs this year, £1bn worth was awarded to small businesses, representing 22 per cent of the total value. The …
fingers pointing at man

E-tailers must provide more information

Many small UK firms who have made the jump online are failing their customers by providing an inadequate amount of information about purchasing and delivery. New research from THUS suggests that while online retail is experiencing unprecedented growth, a large number of e-tailers are not doing it very well. More than three- …
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Nude Brits shop while drunk

A growing number of Britons are taking their wallets online after the pub closes, according to new research. The number of people logging on to the internet to shop after having several drinks is on the rise, customer experience firm Conchango claims in a study into online spending behaviour. The research shows a rise in a …
For Sale sign detail flocks to the web

More small retailers than ever have a presence on the internet, according to a new study from ecommerce firm Actinic, which shows that a quarter of small and medium sized retail companies in the UK now have their own website, up from just secen per cent last year. The study also found a five per cent increase to eight per cent …, 18 Oct 2005

Small firms drive web growth

Small businesses branching out online have helped make 2005 the strongest year ever for internet growth. According to internet infrastructure monitoring firm Netcraft, there are currently 74,409,971 websites worldwide, 2.68 million more than recorded in September. Some 17.5 million sites have been added to the web this year, …, 12 Oct 2005
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Tories reject migrants as skills gap solution

The majority of Conservative MPs dismiss economic migration as a way of overcoming UK skills shortages, new research reveals. According to the poll by Skills for Business, less than two in ten Tories believe migrant workers should be used to help plug the skills gap. In contrast, 87 per cent of Labour politicians support …
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London offers relocation sweeteners to sci-tech firms

London aims to position itself as a global centre for science and technology firms with a new investment scheme. The new £3m gateway2investment (g2i) scheme aims to accelerate the growth of technology firms in the Capital and encourage more to relocate or start up. The programme is backed by mayor Ken Livingstone's London …, 28 Sep 2005
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NPL offers support to inventors

Inventors and entrepreneurs are invited to apply for a new fund that can help them bring their ideas forward. The National Physical Laboratory (NPL) is offering a share of £500,000 in funding from the Department of Trade & Industry (DTI) to small businesses that have measurement issues with products that are almost ready for …, 21 Sep 2005

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