The majority of UK SMEs ready to invest in 2021

The pandemic has led to disruptions for many businesses. Despite 50% of SME’s noting a reduction in monthly business revenue since the pandemic begun, there remains signs of optimism with 94% of respondents confident that they will survive the pandemic and 66% ready to invest in 2021.

New research1 conducted by Cynergy Bank on the future of businesses, found that SME’s have on average £375,000 ready for investment.  This figure rises to £750,000 for SME’s in the North East, who have set aside considerably more for investment than other regions.  Female respondents and those aged 55+ recorded a lower average figure available for investment at £175,000 compared with males and the under 55’s who reported figures closer to the average of £375,000.

Of those that have money in reserve for investment, the top five ways they intend to spend it are on IT infrastructure, demonstrating the continued focus on … Read more

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Most of Us Still Aren’t Prepared for Another Major Cyberattack

It’s only a matter of time before we’re hit with another massive cyberattack. Unfortunately, it’s no longer a question of if, but when. Even “The U.S. is currently not designed to act with the speed and agility necessary to defend the country in cyberspace. Our country has lost hundreds of billions of dollars to nation-state-sponsored intellectual property theft using cyber espionage,” as noted by the Cyberspace Solarium Commission, as quoted by Fox Business. Cities, hospitals, schools, government agencies are all vulnerable. It’s why we’re seeing a surge of interest in cybersecurity companies, like Plurilock Security (TSXV:PLUR) (OTC:PLCKF), FireEye Inc. (NASDAQ:FEYE), Palo Alto Networks (NYSE:PANW), Fortinet Inc. (NASDAQ:FTNT), and Check Point Software Technologies (NASDAQ:CHKP).

Even some of the biggest companies in the world have been hit. In fact, even after numerous security warnings, a U.S. pipeline came under attack. US Colonial’s pipeline was shut down after a ransomware attack. Considering the company … Read more

The name’s Amazon as the streaming giant buys MGM, studio behind James Bond, for $8.45 Billion

Amazon and MGM have announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for $8.45 billion.

MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming, the companies said. Amazon will help “preserve MGM’s heritage and catalog of films,” and provide customers with greater access to these existing works, the companies said. As we reported last week this acquisition will allow Amazon to empower MGM to continue to do what they do best: great storytelling.

Metro-Goldwyn-Mayer is the studio behind the Pink Panther, Rocky, and, yes, the 007 franchise. The pact comes on the heels of AT&T’s decision to spinoff WarnerMedia and combine it with Discovery, a deal that many entertainment analysts predict will spark a new round of mergers and acquisitions as media companies and streaming players scramble … Read more