Business Bites

Jan- 2020 -

3 January

Volkswagen’s unceasing nightmare is a lesson in honesty

Readers will recall the scandal surrounding faked emissions tests conducted by the car-making giant, Volkswagen, in recent years. In case you have forgotten, the controversy surrounded the manufacturer’s attempts to depress the emissions readings on regulatory testing of its vehicles in order to artificially meet the standards on CO2 that were…

2 January

The internet need not be the scourge of every sector – just ask the CEO of Mountain Warehouse

The last decade in business was arguably characterised by one word: disruption. While the internet behemoths had already begun building serious fortunes in the 2000s, most would agree it was after 2010 that things really started motoring. Heralded as the great democratiser of information and services, the effects of a…

Dec- 2019 -

20 December

Finally, a government addressing the business rates fiasco

Regardless of your political colours, small businesses up and down the land will be pleased to hear of at least one policy which looks set to survive the transition from manifesto wish lists to actual policy and legislation, and that is a business rates overhaul. The prime minister, Boris Johnson,…

19 December

Airbnb is the latest ‘big tech’ monolith to run rings around our outdated legal apparatus

It may seem tangential to those who do not work in real estate, but there is a court case on the continent with major implications for the future of many sectors, which reached a critical phase yesterday. It is the case of Airbnb vs the French tourism association, in which…

18 December

Vera Lynn’s gin dispute is a window on a fascinating trademark problem

Everyone knows a bit of cockney rhyming slang, but what if your own name is the one being used, and then somebody tries to use it as their brand? This is exactly what happened to the singer Dame Vera Lynn, who has just been awarded £1,800 in legal costs from…

17 December

‘Jingle bots’ are artificially ramming online shopping baskets to use up stock

I have my reservations about this story because we spend a lot of time in our office poring over the news for interesting stories and takes, and we haven’t seen it reported like this before. But it comes from a company called Radware, which is a publicly traded web app…

16 December

The latest business data is bad news, but the reasons given spell a good omen

This morning there was some bad news for business, but which definitely comes with a silver lining. So, the bad news first: the ‘Flash UK Composite Output Index’ from data firm, Markit, which tracks private sector business activity, found that it shrunk during the month of December. It has dropped…

13 December

The election is over – time for the Tories to deliver for small businesses

It now looks as though political stasis and all the damage that does to business will be lifted in 2020. Boris Johnson’s victory in the election is the Tories’ strongest since the Thatcher era, and gives him great scope to implement bold policies. At this juncture it’s worth taking a look…

12 December

Businesses are sitting on £115bn and waiting to splurge

Goldman Sachs thinks money will pour into UK stocks and shares after this election, but it’s at least partly because they suspect a Tory victory. Regardless of which side of the Brexit divide you are on, there is one thing that’s for certain: business has been extremely cautious about the…

11 December

Small business owners dip into personal wealth to survive? Of course they do

We are living through an era where there is much discussion about capitalism, taxes, executive pay and so on. Is Philip Green a monster for raiding the BHS coffers when they were his to raid? Is the pay of a city CEO morally acceptable when his lowest paid workers are…