NEWS - BUSINESS & ECONOMY

FPMS launches new funding solution for small businesses

October 17 ,2017 | by Anisa Choudhary

Payment solutions company First Payment Merchant Services (FPMS) has launched a new funding solution for small businesses.

The Smart Business Funding solution will provide small businesses that are unable to access funding from traditional banks with financial support. This is in the face of challenges such as Brexit and technology-driven shake-ups in the banking industry.

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Research reveals the best time to launch a business

October 11 ,2017 | by Anisa Choudhary

Research from financial services company Aldermore has revealed the best time for people in the UK to start a business.

The research found that spring is the best season for launching a business, with 88 per cent of SMEs (representing more than 4.8 million companies in the UK) that have done so during this period experiencing success.

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Thousands of jobs created in East London since 2012, research shows

October 11 ,2017 | by Helen Gould

A report from Oxford Economics has found that 110,000 new jobs have been created in East London since the 2012 Olympics, with Hackney, Newham, and Tower Hamlets seeing the highest growth.

According to the research, Tower Hamlets has seen the highest increase in jobs since 2012, with 50,000 new jobs being created.

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London cheaper than rival financial centres for locating staff

October 04 ,2017 | by Anisa Choudhary

London has outperformed its rival financial centres when it comes to the cost of locating 100 staff. The city is 25 per cent cheaper than New York, according to estate agency Knight Frank.

The 2018 Global Cities report compared the cost of locating staff in top global cities and estimated that the total average cost of employing 100 members of staff in conventional office space in London is $5,228,140 per year, compared to $6,938,000 in New York.

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London named most popular destination for business travel, report shows

September 22 ,2017 | by Helen Gould

A report from Heathrow Express has found that London is the most popular destination for business travel.

The 2017 Heathrow Express Business Travel Insights Report found that 85 per cent of 2,424 business travellers have travelled to London for business.

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Fintech sector crucial to London’s future prosperity, according to research

September 21 ,2017 | by Anisa Choudhary

Over 45 per cent of businesses believe the financial technology sector is crucial to the future of London’s prosperity, according to the CBI/CBRE London Business Survey.

The survey of 271 respondents found the creative and tech sectors are the most important for the city’s economic growth over the next five years, with these being cited by two-thirds of businesses. This was followed by the fintech sector (47 per cent) and the professional services sector (49 per cent).

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Health of UK SMEs reaches highest level in 18 months

September 08 ,2017 | by Anisa Choudhary

The health of the UK’s small and medium-sized enterprises has reached its highest level in 18 months, a new quarterly economic index has shown.

Compiled by the Centre for Economics and Business Research Limited (Cebr), the SME Health Check Index used key performance indicators to measure the health of UK SMEs, including employment and confidence. 

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New leadership programme launched to help businesses engage staff

September 07 ,2017 | by Helen Gould

A leadership development and coaching company is offering a new leadership programme for companies who want to increase staff engagement.

Full Potential Group (FPG) is launching the Charisma Connection programme to help business leaders develop charisma.

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UK one of the most popular locations for international business

September 01 ,2017 | by Erin O’Neill

The UK has been named one of the most popular locations to be sent on international business in Santa Fe Relocation’s 2017 Global Mobility Survey, “Embedding Business Strategy in Global Mobility”.

The study, which was conducted by Circle Research and is in its 7th year, surveyed almost 1,000 global mobility teams and business leaders, and found that 8 per cent of international business assignments are arranged for the UK, despite concerns over the decision to leave the EU.

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Number of workless households reaches record low, ONS figures show

September 01 ,2017 | by Anisa Choudhary

The number of households with no workers has reached its lowest level, according to figures from The Office for National Statistics (ONS).

The latest Labour Force Survey figures show that 14.5 per cent of households in the UK had no workers in the three months from April to June 2017.

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Trust and autonomy important to workplace happiness and productivity

August 23 ,2017 | by Helen Gould

New research from Peldon Rose has found that UK workers believe that trust and autonomy is important to being happy and productive in the workplace.

The research found that whilst 59 per cent of staff feel that they are most productive in the office, 33 per cent want to be more trusted with managing how and when they work.

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Accenture recruits 1,700 people in the UK

August 07 ,2017 | by Anisa Choudhary

Global management consulting and professional services company Accenture has recruited 1,700 people, with the company offering opportunities from executives to apprentices and graduates.

Accenture is filling over 500 job roles in areas such as Artificial Intelligence, Robotics, Cyber Defence, and Data Science for its recruitment drive, particularly focusing on London and Newcastle.  

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UK challenger banks continuing to grow, rankings show

Challenger banks in the UK are continuing to grow and outperform established banks, according to The Banker’s Top 1000 World Banks ranking for 2017.

The rankings showed a significant improvement in challenger banks such as Aldermore and Metro Bank, despite difficulties in the market.

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APSCo research shows increase in permanent job vacancies

June 28 ,2017 | by Helen Gould

Research from the Association of Professional Staffing Companies (APSCo) has shown an increase in the number of permanent vacancies in the UK.

The data showed that permanent vacancies for professional jobs increased by 1 per cent in May 2017, whilst permanent roles in finance and engineering increased by 7 per cent and 5 per cent respectively.

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World’s third largest financial services firm to be headquartered in London

The world’s third largest financial services firm is set to be based in London. This is following the successful merger of financial software company Misys, and payments and lending technology provider D+H. The new merger has been named Finastra.

Finastra aims to provide the largest set of banking, lending, and capital markets software to businesses globally. 

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Work perks could be key to workplace success, research shows

Work perks could help to boost morale and enable employers to get the most out of their employees, according to research from packaged bank account claims specialist Banking Refunds.

The research surveyed over 1,500 British workers, exploring their attitudes on workplace perks and benefits, and found that over 35 per cent feel happier at work when receiving perks.

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Lloyds Bank PMI shows London employment and business activity growth

June 13 ,2017 | by Helen Gould

The latest Lloyds Bank Regional Purchasing Managers’ Index (PMI) has shown a boost in business growth and employment in London for the month of May.

The PMI, which is an economic health check of the UK’s regions, showed that business activity grew at a faster rate in London than in the rest of the UK last month, with rising business demand helping to boost employment levels in the city.

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More executives using networking for job search process, research finds

June 07 ,2017 | by Helen Gould

Networking is becoming a more important part of the job search process, with over 75 per cent of executives using this method to select candidates, according to research from executive search provider Korn Ferry.

The research has shown a decline in the importance of CVs when it comes to the job search process, with just 3 per cent of business executives believing that resumes are still the most important.

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Seedrs teams up with NatWest to offer alternative funding options

June 01 ,2017 | by Helen Gould

Seedrs has teamed up with NatWest and Royal Bank of Scotland (RBS) to become part of the Capital Connections programme.

Through the programme, the crowdfunding platform will be joining a panel of funders to provide alternative finance solutions to business and commercial customers of NatWest and RBS in the UK who are unable to access the financial support they need through traditional funding routes.

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UK financial services customers want improved loyalty programmes, research shows

May 19 ,2017 | by Claire Payne

Research from Collinson Group has revealed what UK financial services customers are looking for when it comes to loyalty programmes. 

The research, which surveyed 2,250 consumers across the US, UK, Singapore and the UAE, found that 38 per cent of banking and financial customers in the UK feel as though they are rewarded for their custom.

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Prospects launches special edition Graduate Market Trends journal

May 12 ,2017 | by Hari Sri

Prospects has launched a special edition of the Graduate Market Trends journal to help people to gain a better understanding of the impact of the Apprenticeship Levy.

The journal was launched earlier this week and contains expert advice and insight into the Apprenticeship Levy, including the challenges that employers will face as a result of its introduction. 

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Research shows increase in salaries for graduate jobs

May 03 ,2017 | by Claire Payne

Research from jobsite Adzuna has shown an increase in salaries for graduate jobs, with a rise of 2 per cent over the past year.

The research showed that the typical salary for graduates is now just under £24,500, whilst UK salaries have also started to rise again.

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Investment scheme could be revived to encourage businesses

April 27 ,2017 | by Hari Sri

The Patent Box scheme was introduced by the UK Government in 2013 to encourage more investments in research and development.

After changes to the scheme by the EU in 2016, its appeal was reduced; however, this may soon be changed.

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Scottish Government-backed digital academy hopes to help businesses

April 24 ,2017 | by Hari Sri

Scottish Government-backed CodeClan is the UK’s first digital skills academy that has received full accreditation.

It has just started an intensive four-month training programme for candidates, who will be transformed into capable software engineers after completing the course. 

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Business optimism at record high globally, research shows

April 13 ,2017 | by Hari Sri

Business optimism has reached a record high globally, with the US in particular experiencing a surge at 80 per cent, according to the International Business Report from professional services network Grant Thornton.

The report surveyed 2,400 businesses in 36 economies and found that business optimism has risen to its highest level going into the second quarter of 2017. 

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