Business News Round Up (05/08/19)
Huawei: Fibre Investment is of fundamental importance to the UK’s economic development
According to Chinese multinational technology company Huawei, low levels of fibre penetration is stunting the UK’s productivity levels, providing a barrier to economic growth.
Insolvencies climb 45% on back of retail struggles
The number of companies in Scotland declared insolvent has risen by 46% in six months, driven by economic uncertainty and a volatile retail environment, according to new analysis by KPMG.
https://www.scotsman.com/business/insolvencies-climb-45-on-back-of-retail-struggles-1-4976129
UK cyber crime almost 10,000 attacks on small businesses daily
According to new research from the Federation of Small Businesses (FSB), small businesses within the UK are collectively being subjected to almost 10,000 cyber attacks a day, with one in five businesses reporting that they had been the victim of a cyber attack in the last two years.
New accelerator programme in Scotland seeking start-ups
A new accelerator programme, Geovation Scotland, is accepting applications from start-ups in Scotland to help entrepreneurs grow their businesses with access to resources including experienced software developers, up to £15,000 funding and mentorship on business proposals.
https://www.scotsman.com/business/new-accelerator-programme-in-scotland-seeking-start-ups-1-4976210