LSBF Blog - Global Matters

UK innovation hotspot lies outside London, shows research

New statistics have shown that London isn’t the land of innovation we once thought it was.

The UK’s supposed reliance on London was further quashed when new research showed that innovation is spread widely throughout country. In fact, in terms of creation of new technologies, London is way down the list in 25th place, according to the Enterprise Research Centre (ERC).

Read more >>

Share on Facebook Share on LinkedIn +1

Banks compete for prized Barclays broker mandate

Barclays is considering replacing its corporate brokers not long after appointing John McFarlane as new chairman.

Banks are hurrying to throw together a pitch to become the broker of Barclays, after the bank announced it was putting its broking mandate under review. The group’s current corporate brokers Deutsche Bank and Credit Suisse have been invited to repitch for the position, but will face competition from Bank of America Merrill Lynch, JPMorgan, Goldman Sachs and UBS, according to CityAM.

Read more >>

Share on Facebook Share on LinkedIn +1

Return to growth expected for all EU economies

May 28 ,2015 | by Claire Payne

For the first time since the financial crisis, the economies of all the EU member states are forecast to expand this year, says a World Bank report.

Economic expansion is set for all of the European Union’s (EU’s) economies in 2015 for the first time since the financial crisis. The growth will be driven higher by a variety of factors including low oil prices, a weaker euro and the European Central Bank’s government bond buying scheme, according to a new World Bank report

 

Read more >>

Share on Facebook Share on LinkedIn +1

The Queen’s Speech 2015: the one-nation approach

May 27 ,2015 | by Hari Sri

We look at the bills that were outlined in the first fully Conservative Queen’s speech in two decades.

Marking the official state opening of the new parliamentary session, the Queen’s speech set out the incoming government’s proposed legislation for the next five years. Written by the government of the day and delivered by the monarch in tone that passes no judgement over the bills, the Queen’s speech was packed full of economy-boosting proposals.

Read more >>

Share on Facebook Share on LinkedIn +1

Lloyds plans £1.2 billion boost for UK mid-sized firms

Lloyds Development Capital announces plans to invest £1.2 billion in UK middle-tier businesses over the next three years.

The private equity division of Lloyds Banking Group, Lloyds Development Capital (LDC), has recently detailed its plans to invest £1.2bn in medium-sized businesses in the UK over the next three years.

These plans will aim to boost growth in the British “Mittelstand” companies and the economy also, according to LDC.

Read more >>

Share on Facebook Share on LinkedIn +1

Energy saving in the work place: what can you do?

Recent research has revealed that 68 per cent of workers in the UK claim to care about energy efficiency in the work place.

The British Gas Business survey, carried out by YouGov, also found that 22 per cent of these workers said they care ‘a great deal’ about saving energy at work. Almost two thirds of those who responded confirmed that their company does make an effort to save energy.

Read more >>

Share on Facebook Share on LinkedIn +1

Nationwide marks turnaround with 54% profit increase

Nationwide Build Society posted £1 billion in profits for the year to April.

Nationwide Building Society has recorded a 54 per cent rise in annual profits, barely two years after the lender faced a £1 billion black hole in its finances.

The building society, one of the last in the UK to retain the mutual model where it is owned by customers rather than shareholders, said pre-tax profits for the year to April climbed to £1.04 billion.

Read more >>

Share on Facebook Share on LinkedIn +1

FTSE 100 gets 6th female CEO as Whitbread appoints Lloyds retail boss

May 22 ,2015 | by Helen Gould

Whitbread, owners of Costa Coffee and Premier Inn, appoint Alison Brittain as CEO.

Hospitality group Whitbread has announced plans to appoint Alison Brittain as chief executive officer (CEO) in a move that will make it the sixth FTSE-100 company to have a female at the helm.

Ms Brittain is the current boss of the retail side of Lloyds Banking Group, making her one of the most powerful women in the city. But despite having no previous hospitality experience, she was quoted to be the “perfect fit” for Whitbread’s culture and values by chairman Richard Baker.

Read more >>

Share on Facebook Share on LinkedIn +1

International students boost UK economy by £2.3bn, says report

May 21 ,2015 | by Thiago Kiwi

Students from overseas contribute £2.3 billion towards the UK economy, shows new study by PwC.

Foreign students coming to study in London contribute a net £2.3 billion to the UK economy and support 70,000 jobs, according to new research from PwC and commissioned by London First.

The report, titled “London Calling: International students”, will go along way to overturn claims that overseas students are a burden upon taxpayers, especially since the figure of £2.3 billion has already taken into account the estimated £540 million costs these students have on public services, including the NHS.

Read more >>

Share on Facebook Share on LinkedIn +1

Business leaders call for SME hub outside of London

Nine out of ten SME directors would support the creation of an SME hub outside of London.

The creation of a small and medium enterprise (SME) hub would be “beneficial to the UK economy”, according to a new AXA report, and nine out of ten (89 per cent) SME directors would support it. Furthermore, 93 per cent see a demand for a non-London-based hub to “create an environment for growth for small businesses”.

Read more >>

Share on Facebook Share on LinkedIn +1

Sajid Javid plans to cut red tape by £10 billion

May 19 ,2015 | by Hari Sri

New UK business secretary Sajid Javid to cut red tape by £10 billion over next five years.

Sajid Javid, the new business secretary, will outline how the new parliament will cut red tape for businesses by at least £10 billion. It will be his first speech since replacing Vince Cable and will include details of the enterprise bill alongside plans to create two million jobs over the next five years.

Read more >>

Share on Facebook Share on LinkedIn +1

Restaurant industry turnover up 39 per cent since 2010

The UK restaurant sector has boomed with turnover reaching £21 billion, a 39 per cent increase in five years.

Britain’s restaurants continued to cater to the public and saw business positively boom in the years since 2010, despite the economic downturn. Turnover in the dining out industry reached £21.6 billion in 2014, an increase of 39 per cent from the £15.5 billion recorded in 2010, according to data from Companies House analysed by finance company LDF.

Read more >>

Share on Facebook Share on LinkedIn +1

Saudi Arabian stock market opens to foreign investors

May 18 ,2015 | by Hari Sri

Foreign direct investment in Saudi Arabia’s stock market will soon become possible.

One of the world’s most restricted stock exchanges will soon open up to foreign investors, according to Saudi Arabia’s Capital Market Authority (CMA). The move will take place on June 15th and is already attracting “absolutely phenomenal” interest, according to an expert at HSBC bank.

Read more >>

Share on Facebook Share on LinkedIn +1

UK unemployment hits seven-year low

May 14 ,2015 | by Claire Payne

Unemployment rates in the UK have fallen to 5.5 per cent, their lowest levels since 2008.

The number of people without a job in the UK declined to a seven-year low, according to official figures from the Office for National Statistics (ONS). Furthermore, the data has highlighted that wages are also growing.

Read more >>

Share on Facebook Share on LinkedIn +1

Cities in UK to gain devolved powers

May 14 ,2015 | by Hari Sri

UK Chancellor George Osborne is set to outline plans for “radical devolution” of powers to English cities.

In his first major speech after the General Election, UK chancellor George Osborne promised cities in England the chance to gain devolved powers. The one caveat is that these cities must agree to be governed by a directly elected mayor.

Read more >>

Share on Facebook Share on LinkedIn +1

French economy outpaces that of UK and US

May 13 ,2015 | by Helen Gould

Economic growth in France surged past expectations to its highest rate in two years.

Figures on Wednesday showed economic growth in France accelerated in the first three months of this year. In fact, it hit France’s joint-highest figure since 2011.

The French INSEE statistical office reported that the nation’s economy grew by 0.6 per cent in the first quarter of 2015, surpassing expectations for growth of 0.4 per cent.

Read more >>

Share on Facebook Share on LinkedIn +1

Business organisations call for action from Sajid Javid

May 12 ,2015 | by Thiago Kiwi

British businesses have already outlined what they hope new Business Secretary Sajid Javid will prioritise.

The UK welcomes the appointment of Sajid Javid by David Cameron as the new Secretary of State for Business, but he’d barely put a foot through the door before the business community begin setting out their priorities.

Read more >>

Share on Facebook Share on LinkedIn +1

HSBC aims to ramp up SME lending

The UK’s largest bank has set aside £8 billion in order to offer SMEs a helping hand.

Lending to small and medium-sized enterprises (SMEs) will be given a welcome boost as HSBC sets up a new £8 billion fund. The bank also plans to do away with some of the many fees on business loans that firms incur in order to support smaller companies that can ill afford them.

Read more >>

Share on Facebook Share on LinkedIn +1

The pros of an MBA – Prof Maurits responds to Observer article

Ryan Holmes makes a couple of fair comments when he questions the value of the MBA.

It is true that anyone can get rich without an MBA. Buying a lottery ticket does not require an MBA and since the lottery makes someone very rich, some might take that as proof that no MBA is required. And, of course, there are several genius artists who made it rich without an MBA (some even without any arts education).

Read more >>

Share on Facebook Share on LinkedIn +1

China rate cut indicates economic slowdown

May 11 ,2015 | by Hari Sri

China’s third interest rate reduction in six months hints at further slowing economy.

The People’s Bank of China (PBOC) has cut interest rates for the third time in six months to boost the nation’s slowing economy. However, while shares in China surged on the news to erase earlier losses, it’s likely that the rate cut indicates further economic slowdowns on the horizon.

Read more >>

Share on Facebook Share on LinkedIn +1

UK election result sends FTSE, pound soaring

May 08 ,2015 | by Hari Sri

Britain’s General Election boosted financial markets after a Conservative majority win became clear.

The UK’s General Election race ended with a note of finality on Friday, as the previously too-close-to-call election developed into an emphatic victory for the Conservative party. Sterling soared and the FTSE-100 was lifted higher as investors cheered the news.

Read more >>

Share on Facebook Share on LinkedIn +1

Mobile-friendly sites become crucial after Google ‘mobilegeddon’

On 21 April, Google implemented a major overhaul of its search algorithm, making it more compatible with mobile platforms in a move that online marketers and developers have called “mobilegeddon”.

The reasoning behind Google’s move is clear, as more and more customers use their mobile devices to browse the internet.

Read more >>

Share on Facebook Share on LinkedIn +1

Broadband growth drives BT Group profits

May 07 ,2015 | by Claire Payne

Telecoms group BT reports rise in annual profits is driven by broadband and football.

The telecoms giant, BT Group, announced impressive growth in pre-tax profits on the year, which the group said is being driven by attracting new broadband customers. BT claimed it’s securing more new broadband customers than any of its rivals, which could be down to the group securing the rights to screen a number of sporting events.

Read more >>

Share on Facebook Share on LinkedIn +1

Sainsbury’s records first loss in a decade

May 06 ,2015 | by Claire Payne

As Tesco continues to deal with its mega loss, Sainsbury’s posts its first annual loss for ten years.

Sainsbury’s, the UK’s third-largest supermarket chain, just announced its first full-year loss in a decade. It’s a sign that the competition between British supermarkets is increasing and the news has sent Sainsbury’s share price tumbling.

Read more >>

Share on Facebook Share on LinkedIn +1

Exploring the business of sports

May 06 ,2015 | by Claire Payne

In the aftermath of the record-revenue-breaking Mayweather vs Pacquiao boxing match, we explore what makes sport the money-making industry it is today.

Sport in the modern day is as much about business as it is athleticism. Many sports teams and sporting individuals have been moulded into internationally recognisable, money-spinning brands. Whole industries have developed around the sports that were once played for mere accolades.

Read more >>

Share on Facebook Share on LinkedIn +1