LSBF Blog | Global Matters – LSBF

LSBF Blog - Global Matters

Booming fintech could help UK’s law firms

September 20 ,2016 | by Thiago Kiwi

London’s fintech sector could help the UK’s law firms after almost a quarter of finance directors from the country’s top law firms expressed their concerns over an M&A slowdown hitting profitability.

A new report by Thomson Reuters Legal, an organisation that helps professionals in areas such as finance, legal and accounting, states that the number of finance directors concerned over an M&A slowdown was down from 8 per cent last year. 

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Second consecutive year for small business growth

September 19 ,2016 | by Erin O’Neill

Small businesses in the UK have seen a second consecutive year of growth, according to the annual Hiscox DNA of an Entrepreneur report.

The report showed that 64 per cent of small businesses have reported revenue growth over the past 12 months.

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UK one of best countries for social entrepreneurs

September 18 ,2016 | by Thiago Kiwi

The UK has been named as one of the top countries to be a social entrepreneur in a new study.

The research, which was carried out by Thomson Reuters in partnership with Deutsche Bank, advice group UnLtd and the Global Social Entrepreneurship Network, is the world’s first poll for locating the best countries for social entrepreneurs. 

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Small business lending reaches record high, figures show

September 16 ,2016 | by Hari Sri

Lending to small businesses has reached a record high over the past year, according to new figures from the National Association of Commercial Finance Brokers (NACFB).

The figures showed that lending has risen by 30 per cent to a record £20.7 billion, despite the economic uncertainty surrounding the EU referendum. It is the seventh year in a row of growth for lending to small businesses. 

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Aviva and Founders Factory searching for fintech start-ups

September 16 ,2016 | by Thiago Kiwi

Founders Factory is searching for start-ups to participate in its accelerator programme, which was set up in partnership with insurance company Aviva.

The programme, which lasts for six months, was launched earlier this year in May and will be selecting five start-ups each year. There are currently three places left on the programme.

 

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New measures tackle late payments to small businesses

September 15 ,2016 | by Hari Sri

New measures are being introduced to tackle late payments that affect small businesses. The measures were supported in a letter from Minister for Small Business Margot James to PPC signatories.

The letter, which has been backed by Chartered Institute of Credit Management Executive Philip King, stated that paying invoices within 30 days should become “the norm.”

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Migrant-led businesses boosting UK economy, says report

September 15 ,2016 | by Helen Gould

Businesses led by migrants are helping to boost the UK economy, according to a report by the Institute of Directors (IoD) and mi-hub, which provides co-working space specifically for migrant entrepreneurs.

The report, entitled Migrant Entrepreneurship in the UK: celebrating the benefits to Britain, showed that migrants are making a valuable contribution to the UK, helping to create jobs rather than taking them. 

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Research reveals UK cities with cheapest startup costs

September 15 ,2016 | by Thiago Kiwi

The UK’s cheapest cities for starting up a business have been revealed in research from business finance solutions company LDF.

Newcastle upon Tyne has been named the cheapest location in the UK for setting up a new business, costing an average of £17,008. 

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£500 million fund to help Scottish businesses

September 14 ,2016 | by Claire Payne

First Minister of Scotland, Nicola Sturgeon, has revealed plans for a £500 million fund to help Scotland’s businesses over the next year.

The Scottish Growth Scheme package is designed to help the country’s small and medium-sized businesses to grow. 

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North East businesses to support 100 start-ups

September 14 ,2016 | by Helen Gould

Two businesses from the North East have teamed up for a scheme that will benefit 100 start-ups in the region and boost the local economy by £5 million.

Harlands Accountants will partner with TEDCO Business Support to provide businesses with support and guidance.

 

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UK’s fastest-growing tech businesses revealed

September 14 ,2016 | by Erin O’Neill

The UK’s fastest-growing technology businesses have been revealed in the Sunday Times’ Tech Track 100 index.

Cloud services provider UKCloud was named the fastest-growing tech business, with their annual sales increasing by 262.66 per cent over the past three years.

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Leeds named Britain’s best city for work-life balance

September 13 ,2016 | by Helen Gould

In the Sustainable Cities report by Arcadis, Leeds was named Britain’s best city for work-life balance.

The report compared different cities around the world, measuring factors such as work-life balance, income inequality, health, education, crime and affordability.

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Entrepreneurs drive job growth in North East

September 13 ,2016 | by Hari Sri

Entrepreneurship is the driving force behind job growth in the North East, with the number of jobs rising by 1.7 per cent in the last year, according to the NatWest Regional Economic Tracker.

There are now 2.1 per cent more jobs in the region than there were during the financial crisis in 2008. Self-employment has also risen since 2008, with a growth of 16 per cent. 

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Facebook releases new tools for small businesses

September 13 ,2016 | by Erin O’Neill

Facebook has launched new tools that will help small businesses to find new customers and grow internationally.

Businesses can now use the Lookalike Audiences Tool to upload a list of their current customers or leads and search for similar customers and leads.  

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E-commerce firm targets UK start-ups and entrepreneurs

September 12 ,2016 | by Claire Payne

A Canadian e-commerce firm named Shopify is targeting start-ups and creative entrepreneurs in London for its new accelerator programme.

It is searching for start-ups and entrepreneurs in the e-commerce sector to participate in the Shopify Partner Accelerator and create more development professionals and web designers in the area.

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UK ranked top G20 country for digital businesses

September 12 ,2016 | by Thiago Kiwi

The UK has been named as the best G20 country for starting up a digital business in EY’s G20 Digital Entrepreneurship Barometer, which is the basis of a report entitled Digital Disruption – Threat or Opportunity for Entrepreneurship?

The Barometer identified the nations with the best digital environment, with the UK scoring the best marks for the time taken to start up a digital business, taxation frameworks, recruitment practices, and legal efficiency.

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Women account for nearly a third of self-employed

September 12 ,2016 | by Erin O’Neill

Women make up nearly a third of all self-employed, according to research from insurance company Towergate.

The amount of women in self-employment has risen significantly over the past eight years, increasing by 40 per cent, compared to a 13 per cent increase in the total of self-employed men over the same period.

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Number of full-time jobs increased in August

September 09 ,2016 | by Hari Sri

The number of full-time jobs increased in August following a slump in June and July, according to a report by Markit and the Recruitment and Employment Confederation (REC).

The report also showed an increase in starting salaries, a result of employers trying to attract workers who are reluctant to change jobs in the current climate.

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Young people aspire to lead a business, according to report

September 09 ,2016 | by Hari Sri

Young people aspire to become the boss of a company but lack confidence in their job prospects, according to a recent report by the Chartered Management Institute (CMI) and EY Foundation.

The report found that 33 per cent of people from lower socio-economic groups are more likely to have lower confidence when it comes to finding a local job, compared to 25 per cent of their peers. 

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Local shops a vital source of employment, report shows

September 09 ,2016 | by Helen Gould

A report published by the Association of Convenience Stores (ACS) has found that local shops are a valuable source of flexible jobs for people with commitments.

The report showed that local shops are now a vital source of employment, with the sector employing 390,000 people.

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Leading businesses call on employers to recruit older workers

September 08 ,2016 | by Erin O’Neill

Business in the Community’s Age at Work Leadership Team is urging employers to recruit older workers.

The Leadership Team, which consists of leading companies such as Aviva, Barclays and Boots, and the Department for Work and Pensions, stated that older workers are vital to the future of the UK’s economy.

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Funding organisation raises £40 million for start-ups

September 08 ,2016 | by Claire Payne

Entrepreneur First has raised a £40 million fund to invest in start-ups that graduate through its programme.

The organisation provides pre-seed funding to help entrepreneurs build a technology start-up over six months.

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Accenture searching for fintech startups for innovation lab

September 08 ,2016 | by Hari Sri

Accenture is accepting applications from financial technology startups for its London-based FinTech Innovation Lab.

Launched in 2012, Accenture’s lab offers 20 startups the chance to participate in a 12-week programme that will enable them to develop their business through mentoring from experts. 

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UK businesses raise record £20.3 billion in invoice finance

September 07 ,2016 | by Hari Sri

UK businesses have raised a record £20.3 billion in invoice finance this year, according to figures from the Asset Based Finance Association (ABFA).

An increasing number of small businesses are using invoice finance, resulting in the first time the £20 billion barrier has been broken. 

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Royal Mail helping small businesses start exporting

September 07 ,2016 | by Helen Gould

Royal Mail is helping small businesses to sell internationally after research from the company found that 60 per cent of businesses are missing out as a result of not exporting abroad.

The company’s International Delivery Matters report also identified the areas that small businesses believe would generate the most sales, with 35 per cent believing that Europe holds the most potential, followed by the US and North America at 28 per cent. 

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