1. Apple According to recent figures, Apple’s iPhone has now become the most
popular smart phone in the US. Also, Apple’s UK market share at 44.9% has overtaken Google Android’s 44.8%, Current statistics also show that now almost half of the UK population own a smart phone and just last year Apple sold 93.1m iPhone’s. Overall, Apple’s share price now makes the brand the world’s largest company by market capitalisation, with a worth of $422bn.
2. Geneity A designer of gambling software has struck gold after selling his business
for £11m. Geneity’s managing director Will Slater accepted the offer from Playtech, along with several other investors. He founded the company with his brother in 2006 and under the terms of the deal, another £4m will be paid out if Geneity hits its targets. Business revenues hits around £2.3m a year, particularly from the casino and bingo sector, whilst poker sales continue to lag. Geneity have also stated that the takeover will help to expand the highly
competitve sports-betting market.
3. Women in business Women are truly starting to take over the boardroom this year, with almost
100 females being made directors of top UK businesses in the last year. The reports seems to correlate with a statement made by former trade minister Lord Davies, who told corporate Britain last February that 25% of directors had to be women by 2015. In terms of appointments, Davies predictions have exceeded expectations, with 2011 seeing women making up 27% of total board appointments. Lord Davies’ report was also influenced by the statistic that companies with women on board outperform rivals at 42% on sales alone.
4. Mulberry U.K. designer Mulberry has seen its profits given a healthy boost since
Christmas, raising sales up by 41%. The high end fashion chain has particularly benefitted through a strong demand from Asian stores, as well as affluent Asian tourists visiting stores in the West. It has now opened 11 new outlets overseas since March, bringing its total store count to 92. Shares have risen by 6%, as well as the company announcing that half-year profits more than trebled to £15.6 million. The company, which was founded in 1971 by Roger Saul and his mother Joan, has ambitions to become a global brand, following in the footsteps of UK label Burberry.
5. Experian Global information services company Experian has revealed that during
the final quarter of 2011 payment performance of UK firms saw a notable increase from 26.17 days to 25.97 days. The biggest improvements came from larger firms, paying their invoices three quarters of a day faster than in the previous quarter. Jason Mills, Head of Payment Performance at Experian said: “Payment performance is the timeliest indicator of the current health of any company, so the overall improvement suggests cash flow and finances are now more manageable for most businesses.”
12 entrepreneurcountry
The Mo Winne Lose
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