It’s been an exciting week in the UK. From the announcement of another royal baby to the opening of the Invictus Games in London, it’s been a big news week – and there have also been several pieces of highly positive news for UK SMEs. Here is a roundup of this week’s SME news:
- An Australian online learning industry expert has this week pledged $2 million in funding to Looop’s online learning platform for start-ups and mid-sized businesses. The funding will be used to roll out the platform across the UK. The platform allows employees to access training sessions from any device.
- This week has also seen some good news for the retail sector. Retailers including Next and John Lewis have reported profit growth in the first half of the year due to rising online sales. Next, which is Britain’s second biggest clothing retailer by sales value, reported a 19.3% increase in pre-tax profit to £324.2m in the six months to July. John Lewis also reported a 12.1% increase in the same period.
- According to the latest figures from Morningstar it has been a remarkable good year for anyone invested in a UK Smaller Companies fund. The constantly improving economic conditions have helped small firms enjoy annual share price growth of around 30%.
We would like to hear your thoughts on this week’s SME news summary. Do you think the Looop platform will be useful to UK businesses? What are your thoughts on the increase in online shopping? Will this hinder the high-street? Is your business seeing the benefits of the annual share price growth?
Get in touch and let us know by commenting below or tweeting at @Fujitsu_UK
Image credit: Steve Maskell