Used car darling Cazoo on brink of insolvency
Business Matters
by Business Matters
1h ago
Cazoo, the used-car business founded by Alex Chesterman, is facing the possibility of administration as it struggles to secure emergency funding to address its significant losses. The company has filed for protection from its creditors, seeking ten days of safeguarding from creditor claims while exploring options to avoid insolvency, including administration or winding up the company. Founded in 2018 by Chesterman, known for his previous successes with Zoopla and LoveFilm, Cazoo quickly gained traction in the market, expanding across Europe and listing on the New York Stock Exchange in 2021 w ..read more
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UK economy exits recession with fastest pace of expansion in two years of 0.6%
Business Matters
by Business Matters
1h ago
The UK economy has rebounded from a short-lived recession, posting a growth of 0.6% in the first quarter of 2024, marking its fastest pace of expansion in two years. This growth surpassed economists’ expectations of 0.4% and reversed the 0.3% contraction observed in the final quarter of 2023. This positive growth trajectory, the quickest since the first quarter of 2022, can be attributed to several factors, including declining inflation rates, increased household disposable incomes, and growing consumer and business confidence. Notably, the UK’s dominant services sector expanded by 0.7%, whil ..read more
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Change for the better
Business Matters
by Tim Weymouth
1h ago
The phrase “Nothing stays the same” is often used when we look perhaps nostalgically at the past. I expect it was something we might have said to ourselves a lot four years ago when we were asked to stay at home during the repeated pandemic-related lockdowns, to make us remember that all things shall pass. But when we look at our business, what attitude do we take? When we apply for finance, the provider will often look for stable business performance to offer their most preferable terms, but whilst this is desirable, is it sustainable for the longer term? Our history is littered with example ..read more
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How to Run a Successful Personal Injury Law Firm
Business Matters
by Business Matters
11h ago
Competition is fierce in the personal injury law sector. There are 50,693 personal injury law firms operating, with the number of law firms having increased by 0.1% between 2018 and 2023. California has the highest number of personal injury lawyers (22,721), with Florida a close second (17,214). To build a successful personal injury law firm, you need to hit the ground running. Build a Strong Reputation A strong reputation is essential for any successful law firm, but especially for personal injury firms that rely heavily on referrals. Strive to develop a reputation for integrity, compassion ..read more
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Reconsidering BigCommerce: Why Growing Retailers Should Explore Alternative Solutions When Replatforming From Shopify
Business Matters
by Business Matters
11h ago
Looking to expand your online retail empire beyond the confines of Shopify? It might be time to hit the pause button and consider your options. In this fast-paced world of eCommerce, sticking with the familiar isn’t always the best route for growth. From unlocking new features to gaining a competitive edge, there’s a world of opportunity waiting beyond Shopify’s walls. Whether you’re considering a switch from an existing eCommerce platform or seeking insights into these leading options, our analysis aims to provide clarity and guidance for your decision-making process. Let’s dive in and disco ..read more
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UK interest rates remain at 16-year high of 5.25%
Business Matters
by Business Matters
18h ago
The Bank of England has opted to keep interest rates unchanged at 5.25%, marking the sixth consecutive meeting at this 16-year high level. However, there are signals from the central bank indicating a potential shift towards a rate cut, possibly as early as June. Andrew Bailey, the Governor of the Bank of England, hinted at a possible rate reduction in the near future, citing more positive developments in inflation trends. Dave Ramsden, the deputy governor, joined by Swati Dhingra, an external MPC member, voted for a 0.25 percentage point rate cut, citing a firm downward trajectory in inflati ..read more
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Role of Hormone Therapy in Men to Boost Optimized Health
Business Matters
by Business Matters
18h ago
Hormonal replacement therapy can restore the balance in the body. The most common is testosterone therapy. A man can become more confident when the testosterone level reaches its balance. For someone who wants more knowledge about this therapy, https://deuspower.shop/testomed-e-250-testosterone-enanthate/ can provide more valuable content. Hormone therapy is important for the health of men. It enables a person to perform optimal functions in multiple body functions. We know as a man grows, his testosterone level decreases. This decline level can create low energy, a lack of clarity of mind, a ..read more
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West Yorkshire Mayor kickstarts “region of learning” with £10 million investment
Business Matters
by Business Matters
21h ago
People facing barriers to employment will benefit from over £9.5 million to help them get the skills they need to secure well-paid work. Fresh from her re-election as the Mayor of West Yorkshire, Tracy Brabin has announced the £10 million package to “make life easier for those who find it the hardest”. This funding will help those struggling to secure good jobs because of their age, health condition, disability, or difficult personal circumstances. It follows a high-profile election pledge to build a “region of learning and creativity” for all, where everyone in the region is spurred on to fo ..read more
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Global Savings Group calls out Google for anti-competitive behaviour after news sites penalised
Business Matters
by Business Matters
23h ago
The brand behind the world’s largest online shopping community has today called out Google for anti-competitive behaviour after they unfairly penalised news site revenue streams. Global Savings Group, the company behind household money-saving brands such as hotukdeals, Pepper and Pouch and that also power the voucher portals for the likes of Daily Mail, Metro, and El País, believes recent actions by Google go against their own guidelines and present a major threat to an important revenue stream that supports independent journalism. The penalisation of the voucher code sections on media sites ..read more
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Bank of England Expected to Maintain Interest Rates Amid Economic Uncertainty
Business Matters
by Business Matters
1d ago
The Bank of England is anticipated to keep interest rates steady at 5.25%, marking the sixth consecutive hold on Thursday. This decision will come against the backdrop of persistently high inflation, which currently stands at 3.2%, exceeding the Bank’s 2% target. Alongside the interest rate announcement, the Bank will unveil its latest economic forecast, shedding light on future inflation trends and the trajectory of the UK economy. The release of this report is particularly significant amid ongoing discussions surrounding economic growth, with both major political parties outlining their str ..read more
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