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60% of SMB’s 2023 marketing budgets to be slashed or remain static

New data from unified customer platform Klaviyo has revealed that UK SMBs will be focusing on acquisition, despite cuts to budgets. 67% of UK SMB’s main priority will be to acquire new customers in 2023, despite the cost of acquiring being up to five times more expensive than retaining existing customers. However, with almost 60%...

James Cook

What must Sunak’s government do to make the UK the”next Silicon Valley”?

In this guest article, Hadi Moussa, managing director of Europe, Middle East and Africa at Coursera, offers a perspective on what Sunak’s government must do to ensure the UK can become the “next Silicon Valley.” As Rishi Sunak settles into Number 10, the UK waits to see which of his summer campaign pledges make it...

Josh Dornbrack

Mozilla announces growth plans for 2023 following 125% growth in 2021

Mozilla has announced its latest company growth as well as ambitious plans for 2023 and beyond in a report announced last week. Mozilla Corporation, the for-profit side of the overall Mozilla organisation, generated $585m (£487.4m) from its search partnerships, subscriptions, and ad revenue in 2021 — up 25% from the year before. While the majority...

Alice Cumming

UK’s 33,955 scale-up businesses – who generate £1.2trn yearly to the UK economy – remain resilient report shows

Despite the headwinds, including concerns about rising costs and supply chain disruption, the UK’s 33,955 scale-up businesses – who generate £1.2tn yearly to the UK economy – representing 50% of the total turnover of the SME economy – remained resilient through the pandemic and are going for growth in 2023. Although concerned that the UK...

Josh Dornbrack

Invisible orthodontics announces partnership with Georgina Rodríguez

Impress, a European invisible orthodontics company wants to emphasise the importance of oral healthcare and encourages all types of users to do so with professional help. The TV advert, which will feature on Channel 4 and 4OD until early December, features a new voice and image of the brand: Georgina Rodríguez, a model, businesswoman, and dancer....

James Cook

Research suggests phone calls preferred for customer service

A survey by Salesforce identified that 61% of consumers still prefer to speak to someone over the phone when they require assistance. In addition, 75% also believe that calling a business will lead to the quickest response time. Further research by Epsilon suggests that 80% of individuals have a greater willingness to buy from organisations...

Alice Cumming

Research shows companies with female CEOs are more profitable

Recent research has revealed that companies with female CEOs are more profitable than others. Pulled together by Frank Recruitment Group – a global IT staffing firm – the data showed that 87% of 2021’s Fortune 500 companies with female CEOs reported above-average profits. In comparison, for those without a female CEO, this same statistic dropped...

James Cook

Claudia Thurner appointed new CCO for Ripjar

Ripjar, a provider for tackling financial crime, has today announced the appointment of Claudia Thurner to the role of Chief Commercial Officer (CCO). Thurner will oversee all commercial operations at Ripjar, including partnerships and worldwide demand development, with an emphasis on enhancing the company’s internal operations to drive sustainable global growth and expansion. As CCO,...

James Cook

The Downing Street sign

Mini-budget to cost the treasury £37bn – where does it leave businesses?

New Chancellor Kwasi Kwarteng has delivered his first mini-budget, announcing a variety of tax-cutting measures that will cost the Treasury around £37bn in 2023-24. Corporation tax increase scrapped In last year’s Spring Budget, then Chancellor Rishi Sunak pledged to raise corporation tax from 19% to 25%. However, Prime Minister Liz Truss has pledged to scrap...

James Cook

Leadership concept using origami ship

My Working Day – Abdullah Boulad – CEO of The Balance

As the leader of a company, you are there to set an example and to lead and inspire a team of individuals to achieve a series of business goals. But how do these business leaders go about their daily routine? We spoke to Abdullah Boulad, the Founder and CEO of The Balance, about his working...

James Cook

Finalists announced for the 2022 Scale-Up Awards

The finalists for the 2022 Scale-Up Awards have been announced today. Celebrating high-growth companies and the entrepreneurs running them, the Scale-Up Awards are the first and only awards focusing on the scale-up sector. Bringing together politicians, VIPs and business leaders from across the UK and the world to celebrate success and enterprise, this year’s event...

Josh Dornbrack

Why business leaders shouldn’t waste a recession

In this exclusive guest article, Will Brookes, the CEO of Raconteur, explains why he believes a recession presents opportunities for business leaders. As we teeter on the edge of what is predicted to be the deepest downturn since the 1970s, the words of former GE boss Jack Welch come to mind: “Never miss out on...

Josh Dornbrack

Edtech app Knowunity launches in the UK

Knowunity, the digital learning platform made for and by students, was recently launched in the UK. The Knowunity app, which allows students to share their own learning content, follow other students’ profiles and exchange ideas, is now available for free in app stores. After successfully establishing itself in Germany, Austria, Switzerland, France and Poland, Knowunity...

James Cook

The highest paying countries for tech jobs

As the demand for cloud tech talent has grown, so too have the salaries that come with that talent. A recent survey by cloud training firm, Revolent shows that the salaries earned by cloud tech professionals do however differ by country. Of the 14 countries surveyed in the report, Switzerland topped the charts of countries...

James Cook

New study finds SMEs contribute more than £2trn in turnover to UK economy

New research reveals how important small and medium enterprises are for the British economy, as businesses that employ between one and 249 employees contribute more than £2 trillion in turnover and employ 44% of the British workforce. The study by marketing training hub School of Marketing analysed the latest ONS and government data on the...

James Cook

Who are the top metaverse companies?

In each edition of Business Leader magazine, we profile the top 32 companies in a specific sector. For our latest Top 32 list, we profiled the top companies that create technologies for use in the metaverse, the universal and immersive virtual world that is facilitated by using virtual reality and augmented reality technologies. How were...

James Cook

Evergrande cancels football stadium deal and receives $818m – will this stave off a collapse?

Chinese property giant Evergrande has cancelled a contract to buy land rights for a new football stadium, raising $818m for the debt-ridden firm. The stadium was for Guangzhou FC, a team that plays in the Chinese Super League and that Evergrande bought a controlling stake of in 2010. The move comes in spite of the...

Josh Dornbrack

Common myths surrounding today’s talent shortages

In this guest article, Nick Adams, EMEA vice president at Globalization Partners, explores the common myths surrounding the current talent shortages. The ongoing talent shortage and connected trends such as ‘The Great Resignation’ have been widely publicised over the past couple of years. In fact, according to recent research from Open University’s Business Barometer, just...

Josh Dornbrack

Who are the UK’s biggest exporters?

In each edition of Business Leader magazine, we profile the top 32 companies in a specific sector or field. For our latest Top 32 list, we profiled the largest exporters of goods and services in the UK along with the leading companies that rely on exports for a large portion of their business. We also...

James Cook

How to support an employee through a trauma

Grief, trauma or shock can affect any of us at any time. In this guest article, the online psychology and psychotherapy platform, My Therapy Assistant outlines how you can best support the well-being of staff members who are experiencing it. Trying to perform your job while dealing with a shock or something traumatic can be...

James Cook

A conversation with air up co-founder Lena Jüngst

Lena Jüngst is the co-founder, Chief Evangelist and inventor of air up, the world’s first drinking bottle that flavours water just by scent. After developing a prototype for air up® during her Bachelor Thesis, she launched the product to market in July 2019. Since then, Lena has featured within Forbes DACH 30 under 30, and...

James Cook

What are the biggest spin-off companies of all time?

At the beginning of the week, the US celebrated 246 years since it declared its independence from the UK. Since then, the US has grown to become the biggest economy in the world. We took a closer look at the biggest corporate spin-offs of all time. This list is in no particular order. eBay and...

James Cook

Bassim Haidar

A conversation with billionaire Bassim Haidar about how he built his fortune

Bassim Haidar is a Lebanese national, Nigerian-born self-made billionaire. Starting his first business at just 20 years old, Haidar has gone on to establish Optasia, a large telecoms provider which operates in 19 countries and plays a major role in infrastructure in Africa and the Middle East. He now has a stake in a variety...

James Cook

Convivia announced as new shirt sponsor of QPR Football Club

Property and tech investment firm, Convivia, has been announced as the new shirt sponsor of Queen’s Park Rangers (QPR) Football Club. As sole Principal Partner, Convivia has signed a three-year deal that will see its brand displayed on the front property of QPR’s home and away strips. Founded by lifelong QPR supporter, Roy Ledgister, Convivia...

James Cook