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Technology firms in clusters outside London and the south east of England are struggling to attract investment and gain advice, a new report has revealed.

We are all familiar with the idea that fundamental changes to the retail landscape have been driven by technological innovations which, in turn, have driven a shift in consumer behaviour. Current estimates suggest that online purchases account for £1 in every £5 spent on a credit or debit cards in the UK and that total online spending will top £100bn over the next year. Innovations such as supermarket loyalty schemes gather huge amounts of consumer data allowing retailers to develop complex algorithms, anticipating how their offering should be targeted and adjusted to meet demand but also forecasting how consumer behaviour can be “nudged” based upon what people seem to want, need and desire without even knowing it. However, there have also been fundamental changes on the supply side and, in particular, to the way in which retailers interact and transact with their suppliers.

The Federation of Small Businesses has reiterated its desire for the UK government to tackle late payment issues for SMEs.

Arron Kendall and Simon Thomas of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed Joint Administrators over Oyster Hotels Limited (“Oyster”) on 9 February 2015.

Ben Stanyon, Senior Manager, at Moorfields Corporate Recovery Limited, comments on the proposed changes to the Enterprise and Regulatory Reform Act (“ERRA”).