LSBF Blog - Global Matters

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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Online business training platform launched for micro-businesses

September 06 ,2016 | by Erin O’Neill

An online business training platform has been launched for micro-businesses after research showed that companies are failing basic online health checks as a result of a lack of training.

The study, which was commissioned by 123 Reg, revealed that whilst 70 per cent of micro-businesses believe that digital skills are critical to the success of their business, over 85 per cent of micro-businesses in the UK lack basic digital skills.

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Venture capital firm to target London tech startups

September 06 ,2016 | by Thiago Kiwi

A venture capital firm has launched a £252 million fund to invest in early-stage tech startups across Europe.

Northzone, which is based in Sweden, is looking to invest in early-stage tech startups across Europe, with a particular focus on startups from the finance and health sectors in London. 

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Winter accelerator programme now looking for innovative start-ups

September 05 ,2016 | by Thiago Kiwi

TrueStart is searching for innovative start-ups in the retail sector to participate in its winter accelerator programme.

The company’s accelerator programme runs for four months, starting from 2nd December.

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Finance companies investing more in innovative technology

September 04 ,2016 | by Erin O’Neill

Finance companies are investing more in innovative technology to compete with new market entrants, according to a survey from recruitment consultancy Robert Half Financial Services.

The research, which surveyed over 100 executives from the financial services industry, showed that 54 per cent of financial services companies will be increasing investment in innovative and disruptive technologies over the next 12 months.

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British Library to host “Start-up Day”

September 03 ,2016 | by Claire Payne

The British Library is to host a “Start-up Day” for budding entrepreneurs, to mark the tenth anniversary of its Business & IP Centre.

The library will be offering support and advice to entrepreneurs who attend the event, which will be free of charge and will take place from 10am to 6.30pm on September 27.

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Data skills considered more important than management experience, report finds

September 02 ,2016 | by Helen Gould

UK business leaders consider data and analytics skills to be more important than management experience, according to The Business Grammar Report by Alteryx.

The report found that 26 per cent of business leaders in the UK believe that data and analytics are the most important skills for potential employees, 60 per cent consider them to be one of the top two skills, and 69 per cent believe that industry experience is the most important.

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New venture programme for entrepreneurs launched

September 02 ,2016 | by Hari Sri

An advertising company is launching its first UK-based venture programme for the “next generation of entrepreneurs and startups.”

R/GA Ventures will be teaming up with government agency InnovateUK to launch R/GA IoT Venture Studio UK, which will be based at its headquarters in London.

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Study reveals which companies offer the best work-life balance

August 31 ,2016 | by Claire Payne

The companies offering the best work-life balance have been revealed in a new study from jobs website Glassdoor.

Banks, supermarkets, department stores and oil companies were amongst the list of top 20 companies featured in the study. 

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More freelancers choosing to fund their own business, research shows

August 31 ,2016 | by Erin O’Neill

More freelancers are choosing to self-fund their business costs instead of seeking external financial support, according to research from FreeAgent.

The research, which surveyed over 500 micro-businesses, found that 44 per cent of businesses do not need any funding to start their business venture, whilst 43 per cent used personal savings to fund their business. 

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£70,000 cash prize offered to disabled entrepreneurs

A cash prize of £70,000 is to be offered to disabled entrepreneurs or businesses that employ or offer support for disabled people.

The prize is being offered by entrepreneur Sir Stelios Haji-Ioannou and Leonard Cheshire Disability as part of the Stelios Award 2016. 

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Over 500,000 British businesses embracing drone technology

August 30 ,2016 | by Erin O’Neill

More businesses are embracing drone technology, with over 500,000 people in Britain already using drones for commercial purposes, according to research from DronesDirect.co.uk.

The research showed that companies across a wide range of sectors are adopting drone technology, with media companies being found to be the biggest users at 63 per cent.

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Entrepreneurship driving prosperity in every UK region, research shows

August 30 ,2016 | by Hari Sri

Entrepreneurship is driving prosperity in every region in the UK, according to the Barclays UK Prosperity Map.

The research identified the cities with the highest increases in small business turnover.

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Chinese investment in UK business up by 500 per cent

August 29 ,2016 | by Erin O’Neill

China’s investment in business and infrastructure in the UK is up by 500 per cent in six years, according to analysis from financial markets platform Dealogic.

Figures showed that companies from China have spent a total of £3.8 billion on mergers and acquisitions this year, up from £2.1 billion last year and a 470 per cent rise on the £666 million spent in 2010.

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Small businesses boosted by staycation economy, survey shows

More people are choosing to stay in the UK for a holiday instead of going abroad, helping to boost SMEs in the accommodation and food services sector, according to a survey from Barclays Business.

Data from the survey showed that 70 per cent of adults in the UK have been on or are planning a staycation, with the average spend per day increasing by over 6 per cent. 

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Women with children face wider pay gap, says research

August 27 ,2016 | by Claire Payne

Women with children face a wider gender pay gap than men, according to new research from the Institute for Fiscal Studies (IFS).

The research showed that the gap widens year on year after a woman has her first child, reaching 33 per cent by the time the child is 12 years old. 

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More businesses being attracted to city centres, according to research

August 26 ,2016 | by Erin O’Neill

More businesses are choosing to locate themselves in city centres, with 76,000 more jobs being created since 1998, according to research from The Centre For Cities.

The think tank found that infrastructure, number of potential employees and proximity to other companies is attracting more businesses to cities.

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