LSBF Blog - Global Matters

Now you can send money via Twitter with Barclays app

February 27 ,2015 | by Erin O’Neill

Barclays has teamed up with Twitter to offer instant mobile payments through the social network via its Pingit app.

The UK banking giant, Barclays, has announced a partnership with the social network, Twitter, which will allow anybody in the UK to send or receive money by using a person’s Twitter handle. It’s another innovative solution for instant payments and will work via the bank’s mobile payment service app, Pingit.

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6 priceless online resources for SME and startups

February 26 ,2015 | by Helen Gould

We take a quick look at some of the most useful online resources for SME and startups.

In order to stay on top of industry news, trends, and general happenings, it’s imperative that business leaders and startups keep themselves in the loop. However, we know that time is one commodity that is increasing in its scarcity, which is why you should check out these online resources that can help you make the most of your precious time.

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Kaspersky launches new cybersecurity startup accelerator

February 26 ,2015 | by Thiago Kiwi

A new accelerator aimed at cybersecurity startups has been announced by Kaspersky Labs.

The launch of another cybersecurity accelerator highlights the rising popularity of this industry for investment, this time coming from the well-established security firm, Kaspersky Labs.

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UK digital economy sixth best in EU: European Commission

February 26 ,2015 | by Hari Sri

Britain has the sixth best digital economy in the European Union according to a new report from the European Commission.

The UK’s digital economy continues to rank among the best in Europe, according to a new report from the European Commission (EC), which places Britain in sixth place.

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UK real wages set for first rise since 2007, says EY

February 25 ,2015 | by Claire Payne

Workers in the UK this year will experience real wages rising for the first time since 2007, according to a report from the EY ITEM Club.

The UK’s workforce will see its first pay rise in eight years during 2015, according to a new report on labour from the EY ITEM Club. The research forecasts that inflation will turn negative this year and average wages will increase around 1.9 per cent annually, fuelling the first pick up in real earnings since before the financial crisis.

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Google boosts mobile payment unit with Softcard acquisition

February 25 ,2015 | by Helen Gould

Google has signed a partnership with Softcard to further its efforts in the mobile payments arena.

Google has stepped up its battle in the mobile payments arena by forging a deal with Softcard, the mobile payments app that is owned by the three biggest wireless carriers in the US. Furthermore, the online giant secured a distribution deal with the carriers to get its Google Wallet payments app pre-installed on their phones, according to a Google Commerce blogpost.

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FTSE 100 index breaches 15-year closing record

February 24 ,2015 | by Thiago Kiwi

UK’s top 100 share index breaks above the record closing high from 1999.

Britain’s leading share index sailed past the 1999 record closing high, lifted on a generally upbeat tone in the markets throughout Europe. Investors now eye the all-time index high as the next target, which lies around 6,950.

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4 essential Twitter tips startups can't get wrong

February 24 ,2015 | by Helen Gould

We look at a number of essential Twitter tips to take away to promote small businesses and generate custom.

Small businesses and startups will already know that social media is a powerful tool to promote brands and drive interest in consumers. However, many fail to do it correctly.

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UK tech sector continues robust growth, says report

February 24 ,2015 | by Hari Sri

British tech industry growth continued to gather momentum in the final quarter of 2014.

Business activity in the UK’s tech sector continued to experience strong growth in the final quarter of 2014, despite less than favourable global economic conditions, according to the KPMG/Markit Tech Monitor survey.

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Dell UK begins accepting payments in Bitcoins

February 23 ,2015 | by Hari Sri

Computer giant Dell has begun accepting payments via Bitcoin in its UK online stores.

Following a successful launch in the US last summer, Dell is now accepting payments with Bitcoin in its online stores in the UK. A partnership with payment processor Coinbase will bring the technology to the UK, and also Canada, which will make Dell the largest retailer in the UK to accept Bitcoin as a form of payment.

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Ireland state-backed investment bank to fund SMEs

February 23 ,2015 | by Thiago Kiwi

A new state-backed banking initiative will offer SMEs in Ireland loans at discount prices.

In a bid to kick-start lending to small and medium-sized enterprises (SMEs) the new state-backed Strategic Banking Corporation of Ireland (SCBI) aims to provide funds at a discount to current market rates.

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Snapchat seeks funding that values firm at $19 billion

February 20 ,2015 | by Thiago Kiwi

Messaging app Snapchat is reportedly seeking a new round of funding that would value the company at $19 billion.

The three-year old messaging app, Snapchat, is looking to become the world’s third-most valuable venture-backed tech company as it is said to be in talks for a new round of funding to raise as much as $500 million, which would value the Los Angeles firm at a staggering $19 billion.

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Samsung to rival Apple and Google in mobile payment with LoopPay

February 20 ,2015 | by Hari Sri

Samsung is looking to enter the mobile wallet race to rival Apple Pay and Google Wallet with its purchase of LoopPay.

Samsung has purchased the mobile wallet company, LoopPay, in what appears to be a move that will see the South Korean tech company take on Apple and Google in the digital wallet arena. The value of the deal has yet to be announced, but Samsung did hail the purchase as a move that will “accelerate the next wave of innovation in the digital smart wallet”.

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Citi promise $100 billion to battle climate change

February 20 ,2015 | by Erin O’Neill

The US bank Citigroup will commit $100 billion to tackle climate change over the next ten years.

America’s third-largest financial institution, Citigroup, has promised to invest $100 billion over the next decade to fund environmental projects and battle climate change.

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12 UK startups selected to pitch to investors at Downing Street

February 19 ,2015 | by Thiago Kiwi

Details have been released of the 12 startups that entrepreneurship showcase Pitch 10 will be taking to 10 Downing Street this year.

The finalists that made it through to this year’s Pitch 10 event have been revealed and twelve digital companies from all over the UK have been selected to pitch their businesses at 10 Downing Street later this month.

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UK’s first sustainable business park to be built in Kent

February 19 ,2015 | by Claire Payne

Planning consent has been granted for the UK’s first sustainable business park to be built in Kent.

Plans to build the UK’s first sustainable business park have been given the go ahead in Kent. The £40 million construction project is part of an overarching £120 million scheme to regenerate an economically deprived part of the UK and will transform the old Betteshanger colliery into a hub for business, sustainability and education.

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British economy needs more women entrepreneurs, says report

February 19 ,2015 | by Erin O’Neill

The UK economy could greatly benefit by further encouraging women entrepreneurs, according to a report from Lorely Burt MP.

More jobs would be created and growth would be boosted if women entrepreneurs played a bigger role in the UK, according to the findings of an independent report from Lorely Burt MP, the government's ambassador for women in enterprise.

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500 Startups plan $10m Thai investment fund

February 18 ,2015 | by Helen Gould

A new $10 million micro-investment fund in Thailand is about to be launched by venture capitalist company 500 Startups.

The notorious US startup investor and accelerator, 500 Startups, is looking to further extend its reach in Asia by preparing to launch a new $10 million micro-fund for Thailand companies, which is reported to be called the 500 TukTuks fund, according to TechCrunch.

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Accelerator Seedcamp week in London sees investments in 11 startups

February 18 ,2015 | by Thiago Kiwi

Seedcamp has invested in 11 startups following the accelerator’s event, Seedcamp Week, in London.

Europe’s largest pre-seed and seed stage accelerator, Seedcamp, has decided to invest in 11 startups from entrepreneurs that attended the Seedcamp Week event in London. Seven out of the 11 startups hail from the UK and six of the even are based in the UK’s capital.

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Virgin Media to invest £3bn in UK’s digital infrastructure

February 18 ,2015 | by Claire Payne

Virgin Media and its parent company announce plans for £3 billion network expansion in the UK.

The UK internet provider Virgin Media has announced plans to team up with parent company Liberty Global to invest a further £3 billion in private investment for its ultra-fast broadband network.

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Chinese fund to build £1 billion new financial district in London

February 17 ,2015 | by Hari Sri

Minsheng, the largest private investment fund in China, will develop a £1 billion new financial district in London.

China Minsheng Investment (CMI), the biggest private investment fund in the world’s second-largest economy, outlined plans on Saturday to develop a new financial district in London with a £1 billion investment in what will be the largest Chinese investment in the UK’s recent history.

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Japan recession ends as economy registers GDP growth

February 17 ,2015 | by Thiago Kiwi

Japanese GDP returns to growth in Q4 of 2014 and lifts the economy from recession.

The world’s third largest economy grew by 0.6 per cent in the final quarter of 2014 when compared with the previous quarter, putting an end to the economic contraction that had plagued the nation for the two previous quarters. On an annualised basis, the economy expanded by 2.2 per cent.

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Ed Miliband outlines plan to boost UK small business

February 17 ,2015 | by Helen Gould

Labour leader Ed Miliband’s outline of plans to boost small businesses gains backing of Lord Mandelson.

The leader of the UK’s Labour party, Ed Miliband, laid out his party’s plans on Monday to boost productivity in the UK, in a speech at a Jaguar Land Rover plant in Wolverhampton. Mr Miliband pledged to encourage growth through a series of boosts aimed at small businesses, while promoting better training and higher wages.

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Negative inflation likely in Britain, reveals Bank of England

February 16 ,2015 | by Hari Sri

Latest inflation report from the Bank of England forecasts negative inflation in the UK and the potential to cut rates further.

The UK is headed for negative inflation, growth forecasts have been upgraded, and the governor of the Bank of England (BOE) warns that rates could be cut further if downside risks prevail - the latest inflation report from the UK's central bank had it all.

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Perfect time for Britons to holiday in Europe, says Post Office

February 16 ,2015 | by Claire Payne

There’s no need to go very far for dirt-cheap holidays these days due to the rising pound and falling prices.

Low-cost holidays are available right on our doorsteps and you no longer need to jet-off east to find a pint for less than a pound. Well, that’s what we’re inferring after reading a new report by the Post Office Travel Money.

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