UK Business News

Research by BACS - the direct debit, direct credit and bank payment organisation - reveals that as a group, UK SME’s are owed an astounding £18.6 billion in late payments.
As part of BACS’ annual review it was also revealed that 83% of SME’s never exercise their legal right to charge interest to bad payers.
The Late [...]

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Thomas Cook has bought exclusive holiday supplier Elegant Resorts.
Elegant Resorts has specialised in bespoke Caribbean and African safari holidays since it
was launched by Geoff Moss and Barbara Catchpole 20 years ago.
In a win-win deal enhancing TC’s Latitude and Signature brands, this allows the previous owners to maximise their Capital Gains Tax break in advance of [...]

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With Tesco’s results due out today it will be interesting to see if they have much to be cheery about.
There has already been much public debate regarding the less-than-successful US venture - where Tesco has halted planned expansion of its 59 branch Fresh & Easy chain, loosely based on the UK Tesco Express model - [...]

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The British Airline Pilots’ Association (BALPA) have had an open letter published in today’s Financial Times, expressing their concern that the T5 problems at Heathrow are making a ‘laughing stock’ of BA.
Jim McAuslan, Balpa’s general secretary wrote: “It is with great sorrow and acute embarrassment that BA pilots have witnessed the unhappy shambles that the [...]

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Ernst & Young have warned small and medium sized car dealerships are likely to face the toughest financial year for a long time, as economic uncertainty, slumping consumer confidence and less disposable income will lead to a downturn in sales.
Although the sector showed an increase in new car sales in 2007, the report suggests that most [...]

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