UK firms could generate billions with procurement tech

UK firms are falling behind their European competitors by failing to embrace tried-and-tested technologies such as cloud computing and online procurement, according to the CBI. Carolyn Fairbairn, the Confederation of British Industry’s (CBI) director general, told businesses that they could add as much as £100bn gross value to the UK economy were they to invest in well-established

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UK service sector recovers from 11-month low

Activity in the UK's service sector picked up slightly in September, according to a closely-watched survey. The Markit/CIPS purchasing managers' index (PMI) for services rose to 53.6, up from an 11-month low of 53.2 in August. Above 50 indicates growth. However, the UK still lags behind the eurozone, where services PMI grew strongly to 56.7

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