Cyberattacks cost UK companies £34.1 billion in the past year, according to a study commissioned by internet services provider Beaming.
The research revealed the most serious cybersecurity threats to businesses, with managing malware costing £7.5 billion last year and data incidents costing £6.2 billion, compared with the financial impact of burglary, which cost £5.8 billion over the same period.
A record number of companies are being set up every hour, says StartUp Britain's research.
Their research showed that 342,927 new companies registered with Companies House this year between January and June. This means 80 companies are being set up each hour, already beating last year’s record pace of 70 new company registrations per hour.
Small businesses in the UK are taking risks when hiring and managing staff, according to research from job marketplace Jobandtalent.
The research, which surveyed 500 small and medium-sized enterprise (SME) owners found that businesses are at risk as a result of a lack of HR expertise, with only 37% having a good understanding of employee rights and regulations.
Digital skills will be made a core subject under a new government plan. The Department of Education and the Department for Business, Innovation and Skills have announced the Post-16 Skills Plan, which aims to provide young people with digital skills needed for the workplace.
Under the new plan, post-GCSE students will have the option of learning digital skills through a technical pathway or through an academic pathway.
Amazon plans to create 1000 permanent jobs across the UK in addition to 2500 jobs announced earlier this year, which will bring its total number of UK employees to 15,500 by the end of 2016.
The company will be offering a wide range of roles at its head office, R&D centres and fulfilment centres, with the jobs being spread across London, Manchester, Cambridge, Leicestershire and Edinburgh.
Small business owners are struggling with their work-life balance, according to a survey by Zurich.
The survey found that just 43 per cent of businesses have a holiday of no more than five days booked within the next 12 months, whilst some will take no holiday at all as a result of work responsibilities.
Barclaycard will be partnering up with The Guardian Small Business Network to give UK businesses the chance to receive advice from leading mentors.
Successful applicants to the Small Business Mentoring competition will receive support. The competition is open to British SMEs with less than £15 million turnover in the retail, professional services, and hospitality sectors.
A record number of the UK’s new graduates are in work or further study, according to figures from the Higher Education Statistics Agency (HESA).
The HESA’s employment data showed that whilst the number of university leavers going into work or choosing to study further has hit a record high, many are also taking on jobs unrelated to their course.
A London-based library has announced plans to provide flexible working space for the city’s entrepreneurs.
The Whitechapel Idea Store, which is located in London’s East End, is aiming to create a workspace where early-stage businesses and entrepreneurs who are looking to set up their own business can network and trade.