LSBF Blog - Global Matters

New tech funding to boost startups in the North

UK chancellor George Osborne’s £11 million budget pledge will support new technology companies in the north of England.

The budget investment pledge for incubators is a welcome investment for startups in places like Manchester, Leeds, and Sheffield, which have seen huge rates of growth in the technology sector.

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One million homes could soon access newfound renewable heat

March 30 ,2015 | by Claire Payne

An interactive map has revealed previously hidden locations of renewable water source heat which could soon be heating up to one million homes across England.

The innovative Water Source Heat Map has revealed secret energy in over 4,000 rivers, estuaries, canals and coastal sites across the country. Together, these sources could provide over six gigawatts of low-carbon heat to homes and business premises across the country.

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Accenture report shows Fintech investment tripled in 2014

March 27 ,2015 | by Helen Gould

Investment in financial technology companies has trebled last year.

The digital revolution in financial services is picking up steam, according to a report from Accenture. Global investment in financial technology businesses tripled to more than $12.2 billion in 2014, up from a little over $4 billion in 2013.

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Food companies Heinz and Kraft set to merge

March 27 ,2015 | by Claire Payne

Two global food companies, Kraft and Heinz, are set to merge to create the world’s fifth largest food group.

Kraft’s share price surged after a deal was announced for the group to merge with food giant, Heinz, in a move worth $46 billion that will create the third-largest food and drinks company in the US and the fifth largest in the whole world.

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New research illustrates challenges faced by UK SMEs

A major poll from the Forum of Private Business offers insight into the challenges faced by UK SMEs.

Research published by the Forum of Private Business has indicated that the growth of UK’s small and medium-sized enterprises (SMEs) is stifled by the growing costs of doing business. 

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Small fintech firms step up challenge to big banks

March 26 ,2015 | by Helen Gould

Smaller fintech startups are continuing to compete with the individual services of bigger banks.

The banking industry is under attack from a swarm of smaller fintech firms who are not looking to usurp their places in the banking industry, but are challenging one of the many services that big banks provide.

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Top 6 must know business figures

March 26 ,2015 | by Erin O’Neill

When businesses are starting out it’s crucial they get to grips with numbers. Firms will need to know their outgoings and levels of earnings in order to calculate profit. However, it’s not always as easy as that.

According to Startups.co.uk, successful managers will focus on a broad range of metrics. Here, we have outlined the six most important for managers to understand.

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Telefonica set to finalise O2 sale for £10.25bn

March 26 ,2015 | by Claire Payne

The O2-Hutchison Whampoa deal, set to be finalised in the near future, will create the UK’s largest mobile group.

Hutchison Whampoa has reached a “definitive agreement” with Telefonica to buy its O2 mobile phone network for £10.25 billion, in a move that will create the UK’s biggest mobile operator.

The decision follows on from weeks of negotiations that were first announced in late January, and is the latest buy in a spending spree by Li Ka-shing, owner of Hutchison Whampoa. 

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How businesses can support women in leadership in the workplace

March 26 ,2015 | by Helen Gould

Women make up less than a quarter of FTSE 100 directors. While the representation of women in the boardroom has increased slowly, how can more women be encouraged to reach for the top?

The Women and Work Commission recently found that if all women were able to perform to their full potential, they could contribute approximately £23 billion to the economy. Additionally, research conducted by McKinsey & Company found that companies with more women on their boards significantly outperform companies with no female representation.

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#StartupSpotlight: MoveHub makes moving abroad simple

March 25 ,2015 | by Hari Sri

In this edition of Startup Spotlight, we speak with Ben Tyrrell, Head of MoveHub, a London-based startup dedicated to international removals that has helped over 450,000 people move since its launch last year.

MoveHub is a one-stop shop for people who want to move abroad; our site will tell you everything you need to know about your prospective city from the best residential areas to buy a house in to where to go for the best food to the rankings of local schools and when you are ready to relocate.

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Developing Asia economies set for strong growth, says report

March 25 ,2015 | by Hari Sri

Economic growth in Asia will remain strong this year and the next, according to a recent report.

According to the latest report from the Asian Development Bank (ADB), the developing economies of Asia are set to see robust growth in 2015/16 as the global recovery gains traction and commodity prices remain depressed. It forecasts that there will be steady growth of 6.3 per cent this year and the next, with inflation slowing down to 2.6 per cent in 2015.

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New business accelerators planned for UK regions

The launch of three new business accelerators is planned in Bristol, Leeds and Brighton.

Three new business accelerators will open in Bristol, Leeds and Brighton, offering free services to 80 entrepreneurs in each city. The programme comes from Entrepreneurial Spark in conjunction with NatWest, and builds upon the success of their first accelerator in Birmingham earlier this year.

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Dell offers residency at HQ for startup competition winner

Dell is launching a competition to search for their next ‘Startup-in-Residence’.

Computer giant Dell has begun the search for an innovative early stage startup to take up residency at its UK headquarters as part of its latest Startup-in-Residence initiative.

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Research shows Easter holidays cost home-run businesses £220 million

Do holidays have an adverse effect on work-from-home entrepreneurs? We look at the positives and negatives of home-run businesses.

According to the BIS Business Population Estimates and BIS Small Business Survey, there are around 2.9 million UK residents running businesses from home.

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A guide to 2015’s ‘UK Basket of Goods’

March 24 ,2015 | by Erin O’Neill

This year has seen some interesting additions to the UK Basket of Goods – and the removal of some others. We look at what the ‘basket of goods’ entails.

Beginning in 1947, the UK Basket of Goods was created by the Office for National Statistics to calculate inflation. It is also used as a useful reflection of society’s changing buying habits, technological improvements and attitudes, with the basket being revised each year to represent what people in the UK are buying.  

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India set to be world’s fastest growing large economy: IMF

March 24 ,2015 | by Hari Sri

The second most populous nation in the world is thought to be the fasting growing too.

India is set to surpass China this year as the world’s fastest growing large economy, according to Christine Lagarde, head of the International Monetary Fund (IMF). And now, following a spate of statistical revisions, data backs this claim up.

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Asian cities climb financial hub rankings

March 24 ,2015 | by Helen Gould

The importance of Asian financial hubs continues to increase and narrow the gap with cities from the West.

Cities in Asia continue to demonstrate their importance as global financial centres and are fast taking on the well-established hubs in the West. Such Asian cities as Hong Kong, Singapore, and Seoul are closing fast on their Western competitors, according to the latest Global Financial Centres Index (GFCI).

 

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Many online marketplaces earning over £1 million, says report

How a number of e-commerce sellers have become millionaires.

Online marketplaces foster a growing number of e-commerce businesses, and some are finding staggering success.

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Growing internet use has positive impact on developing economies, says research

Increased internet and social media usage in developing countries might be beneficial to their economies, suggests Pew Global research.

Recent research from Pew Global has shown that people in developing countries believe that the internet and social media is having a positive effect on their economy, with 52% saying that it is a good influence.

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TSB agrees to £1.7bn takeover by Spanish bank

March 23 ,2015 | by Claire Payne

Lloyds and TSB have agreed to a £1.7bn takeover by the Spanish Banco de Sabadell.

TSB, which rejoined the stock market less than a year ago, has agreed to a £1.7 billion takeover by Spanish bank Sabadell. The deal will also see Lloyds sell its remaining 50 per cent stake in TSB to Sabadell for 340p per share.

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FundBox raises $40m to invest in SMEs

An alternative lending startup has received $40 million in Series B round funding.

The rise of financial tech startups has been a hot topic of late as a number of schemes, both government and private, have been set up to support these budding new businesses. However, few small and medium-sized enterprises (SMEs) take it upon themselves to raise money in order to fund others - but that’s what FundBox aims to do.

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5 innovative startups from Cleantech Forum 2015

Five top innovative startups have emerged from this year’s Cleantech Forum in San Francisco.

The theme of this year’s Cleantech Forum centred around the adoption of renewable energy, and how utilisation of the cloud, big data, and the internet of things could help further this goal.

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How US interest rates hike will influence business

March 20 ,2015 | by Hari Sri

The US central bank changed its stance on rate increases, but how will it affect the economy and businesses?

After years of rock-bottom rates the US Federal Reserve has finally modified its stance on interest rates and opened the door to a potential hike this year, perhaps even as early as June, although the likelihood remains rather low. An increase in interest rates is definitely on the US horizon, but how will this impact the American economy?

 

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OECD puts UK 2015 economic growth at second fastest in G7

March 20 ,2015 | by Erin O’Neill

OECD’s latest growth forecasts puts UK economy in second place out of G7 nations.

According to forecasts from the Organisation for Economic Cooperation and Development (OECD) the UK’s economy is set to record the second fastest growth rate in 2015 out of the G7 countries. Economic growth in the US is predicted to take the top spot, with Britain coming next, despite a slight downgrade to expectations.

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ONS report reveals UK employment has hit record high

March 20 ,2015 | by Thiago Kiwi

The British economic recovery was further showcased by the latest round of labour data.

Britain’s healthy economy received another boost on Wednesday after labour figures showed a record number of UK residents are in work. It’s welcome news for Chancellor George Osborne ahead of May’s general election, and great news for the economy.

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