international trade

64% Of Businesses Didn’t Make A Foreign Currency Transaction In Q1 2017

64% Of Businesses Didn’t Make A Foreign Currency Transaction In Q1 2017

64% of UK small businesses failed to make a single foreign currency transaction in Q1 2017, as international trading begins to slow down -according to a report by World’s First. The Global Trade Barometer has revealed that UK businesses transferred 17% less on average per currency transaction in Q1 2017 compared to Q4 2016 – a fall from £48,000 to just £39,000. % of small businesses not making a foreign currency transfer Q1 2016 27% Q2 2016 31% Q3 2016 33% Q4 2016 28% Q1 2017 64%     Current political and economic uncertainty appears to be compounding matters, with 30% of respondents saying they’ve felt the negative impact of exchange rate movements in the last quarter. Moreover, 22% admit their worried about rises in inflation negatively impacting their business, with the same p... »

Exporting: The Business Benefits of Trading Internationally

Exporting: The Business Benefits of Trading Internationally

The benefits of exporting can allow companies to: Achieve levels of growth not possible domestically. Increase the resilience of revenues and profits. Spread business risk. Achieve economies of scale not possible domestically. Increase the commercial lifespan of products and services. Increase the returns on investment in R&D Improve financial performance. Improve productivity. Boost their profile and recognition internationally.. Exporting: It’s time to go global Have you ever thought about doing business in overseas markets? If not, or you thought it too difficult, then you might want to think again. Exporting can help you survive and grow. There are real opportunities to trade internationally; UK products, services and expertise continue to be in demand across the world. There are o... »

Queens Award for Enterprise

Deadline approaches for Queen’s Awards

The organisers of the prestigious Queen’s Awards for Enterprise have called on businesses that have achieved outstanding commercial success to get their award applications in by 31st October 2008. The awards are free to enter, but entrants must have at least two full–time employees, be based in the UK and be able to demonstrate commercial success. Small firms are eligible to enter any of the following award categories: international trade innovation sustainable development. Winners are entitled to display the Queen’s Award emblem on their stationery, advertising, goods and promotional material for five years. They can also fly the Queen’s Award flag at their main premises. Stephen Brice, secretary to the Queen’s Awards office said “The Queen’s Awar... »