LSBF Blog - Global Matters

A quarter of students in the UK start businesses at university

January 06 ,2015 | by Hari Sri

24 per cent of students in the UK are starting a business while studying at university, according to a study from Santander Universities UK.

The UK’s entrepreneurial spirit is well and truly flourishing and it seems the drive to start your own business is occurring earlier and earlier, as highlighted by research from Santander Universities UK. A study of university students showed that almost a quarter (24 per cent) of those surveyed already run their own business or plan to start one alongside studying for their degree.

Additional findings also estimate the collective turnover of these businesses as more than £44 million annually, an impressive figure considering these entrepreneurs need to ensure they don’t let their studies slip.

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Jobs in the City of London rose nearly a fifth in 2014

January 06 ,2015 | by Thiago Kiwi

The City of London employed 18 per cent more people in 2014 when compared with the previous year.

It appears that London’s job market is making a comeback as 33,063 new jobs were created in the City in 2014, as highlighted by a recent report from recruitment firm Astbury Marsden. The creation of over 33,000 jobs in 2014 was an 18 per cent increase when compared with the 27,915 new roles of 2013.

 

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Video: Great Minds series – BBC Worldwide CEO Tim Davie speaks to LSBF

January 02 ,2015 | by LSBF Blog Staff

Speaking to LSBF, BBC Worldwide CEO Tim Davie said that he does not feel the benefits of a diverse workforce are something which need to be debated.

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LSBF ACCA Exam Review – December 2014

January 02 ,2015 | by LSBF Blog Staff

Rob Sowerby, LSBF’s Director of Professional Programmes, reviews the December 2014 ACCA Exams

I am restricting the review to the new paper formats on skills level because this is where the significant changes have taken place. Specifically F4 has moved to a computer based exam (CBE) format of wholly objective testing and F5, F7, F8, F9 have revised the exam format to allow for varying degrees of objective testing. Essentially the syllabuses have been relatively unaffected beyond normal updates.

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Some new year resolutions to prepare your SME for 2015

December 31 ,2014 | by LSBF Blog Staff

Five new year resolutions from smallbusiness.co.uk to ready your SME for business in 2015.

It’s time to review the progress made over the past year and look ahead to what might help you further grow your business in 2015. To aid your small and medium-sized enterprise (SME) in this, smallbusiness.co.uk has created a list of five new year resolutions that will set you up for the perfect entry into the coming year.

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Four tech predictions for what Britain can expect in 2015

December 30 ,2014 | by LSBF Blog Staff

Techworld have come up with four forecasts for techs that could take the UK by storm in 2015.

Having just enjoyed a bumper 2014 for startups and tech in general in the UK, one might expect 2015 to be packed full of new advancements and delights for the user. Technology continues to be an important part of businesses and further progress in this field could help drive the growth of firms as they look to create more efficient and better targeted strategies.

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British high street sales projected to reach £342 billion in 2014

December 29 ,2014 | by Thiago Kiwi

High street retail sales in the UK are expected to reach an all-time high in 2014.

The British retail sector can look back fondly over 2014 as it celebrated a record-breaking year, according to figures from the Department for Business, Innovation and Skills.

The report shows that sales for the year are expected to reach £342 billion over the year, that’s a £48 billion increase from 2010.

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South London local currency ‘Brixton Pound’ set for contactless use

December 27 ,2014 | by Thiago Kiwi

Users of the hyperlocal Brixton currency ‘Brixton Pound (B£)’ in South London will be able to pay with contactless technology.

Contactless terminals are set to be rolled out throughout Brixton for users of the hyperlocal currency, the Brixton Pound. It’s thought this will speed up transactions and make it more convenient for users to pay in the local currency.

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UK jobs, wages look set to increase in 2015

December 26 ,2014 | by Hari Sri

Great news for professionals and graduates as CBI survey shows UK firms plan to hire in 2015 and experts predict larger pay increases.

It appears that 2015 will be a fruitful year for British employees and jobseekers alike. A recent survey from the Confederation of British Industry (CBI) showed that around half of UK businesses are looking to expand their workforce. This was then followed by a prediction of increased pay awards for employees from Martin Weale, a member of the Bank of England’s (BOE) monetary policy committee.

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Instagram’s £22 billion valuation outstrips Twitter’s

December 25 ,2014 | by Hari Sri

The value of Instagram has overtaken that of Twitter’s, putting it at a whopping £22 billion.

Citigroup recently raised the valuation of Instagram to £22 billion, or $35 billion, which is almost double what it was valued at previously. By comparison, Twitter has a valuation of £15 billion based on its current share price.

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20 startups set to take the UK by storm in 2015 – part 2

December 24 ,2014 | by LSBF Blog Staff

A quick rundown of 20 startups that will impact 2015 as selected by Startups.co.uk.

 

Startups.co.uk has selected its pick of the new businesses in 2014 for its top 20 startups, a list of firms that will make an impact in 2015. The climate for startups has been steadily improving and this year’s crop of firms highlight the potential for success in the UK these days.

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Christmas, Boxing Day online sales could hit £1.3bn

December 24 ,2014 | by Thiago Kiwi

Sales should total £636m on Christmas day and £748m on Boxing Day, according to predictions from Experian-IMRG.

Total online sales over Christmas and Boxing day are predicted to amount to £1.3 billion, according to new estimates from the online retail association IMRG and information services group Experian. Sales on Christmas day are predicted at £636 million and Boxing day takings are expected to reach £748 million.

Boxing day has typically been the busiest online shopping day of the year, however, it now faces a new challenger to the title as internet shoppers are thought to have spent £810 million on Black Friday, in a discount-fuelled spending spree.

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British retailers gear up for pre-Christmas rush

December 24 ,2014 | by Thiago Kiwi

Shoppers will spend more this week than at any point of the year in the final Christmas 2014 shopping spree.

Supermarkets and shops prepare for the biggest shopping week of the year as consumers rush to finish their Christmas shopping. Visa forecast around £1.3 billion will be spent on credit cards as the final dash to complete Christmas lists begins.

Just Tuesday’s spend is projected to surpass that of Panic Saturday, where consumers are estimated to have spent around £1.2 billion, according to the Centre for Retail Research (CRR). However, it’ll take a gargantuan splurge to eclipse that of the internet-fuelled spending bonanza that was Black Friday.

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20 startups set to take the UK by storm in 2015 – part 1

December 23 ,2014 | by LSBF Blog Staff

A quick rundown of 20 startups that will impact 2015 as selected by Startups.co.uk.

 

Startups.co.uk has selected its pick of the new businesses in 2014 for its top 20 startups, a list of firms that will make an impact in 2015. The climate for startups has been steadily improving and this year’s crop of firms highlight the potential for success in the UK these days.

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CBI reports UK retail sales growth strongest since 1988

December 23 ,2014 | by Thiago Kiwi

British retail sales growth fastest since 1988 according to a CBI report.

The distributive trades report from the Confederation of British Industry (CBI) showed retail sales growth post a huge leap in December, driven by bumper Black Friday sales.

 

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How Britain’s stubborn trade deficit could be fixed

December 22 ,2014 | by Thiago Kiwi

The trade deficit continues to be a bone of contention for the British economy. How can the UK reduce its trade deficit?

Taking a look back at the performance of the UK economy in 2014, we can see there’s always one aspect that could do with being fixed, the trade balance, or as it’s more commonly known in Britain, the trade deficit.

Net trade negatively impacted GDP growth by 0.5 percentage points, which is really cutting back the UK’s economic recovery.

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Crowdfunding will send UK company to the moon

December 22 ,2014 | by Hari Sri

UK’s Lunar Missions Ltd pass first crowdfunding milestone for mission to the moon.

The UK company, Lunar Missions Ltd, has successfully reached their funding target of £600,000 on crowdfunding website, Kickstarter. The project, Lunar Mission One, will attempt to land a spacecraft on the Moon to fulfil the mission objective of drilling at least 20 metres into the south pole of the Moon.

Crowdfunding has been growing in popularity as a means of investment since it was first introduced to the internet around seven years ago. It’s a method of funding where monetary contributions are raised from a large number of people, which is why the internet is so useful for startups attempting to reach the masses.

 

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UK businesses look overseas for acquisitions

December 19 ,2014 | by Hari Sri

British companies are taking the hunt for rival firms abroad.

New figures from EY (Ernst & Young) showed that the value of foreign takeovers by UK firms soared by nearly 60 per cent from £27.3 billion to £67 billion this year.

However, the data showed only a 16 per cent increase in the number of takeovers, which rose from 641 to 766. Overall, the number of deals by UK firms rose by 5.3 per cent to 2,726.

 

 

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How SMEs can benefit from this year’s technology

December 19 ,2014 | by Thiago Kiwi

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UK mortgage rates fall to lowest since 2007

December 18 ,2014 | by Thiago Kiwi

According to the Mortgage Advice Bureau (MAB), record cuts over the past three months have led to mortgage rates falling to their lowest in the UK since 2007.

The MAB collated and analysed data from Moneyfacts.co.uk to create the National Mortgage Index, which showed that the average two-year tracker rates had dropped by 28 points from September to November: the largest autumn reduction on record for these products.

Two-year tracker rates dropped to new lows of 2.38 per cent in November, with average two-year fixed rates at 3.44 per cent.

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Start-up tips and pitfalls

December 18 ,2014 | by Hari Sri

The rise of SMEs in the UK is opening up new avenues of growth to explore, but could also lead to a number of pitfalls. Here are our tips on how to avoid them.

Small and medium sized enterprises in the UK are growing in confidence, and there seem to be more entrepreneurs than ever. In fact, Britain was recently ranked as the most entrepreneurial nation in Europe.

However, for every success story, there’s a small business that has failed. With this in mind, there are a number of things start-ups can do to make sure they’re doing all they can to reach their full potential.

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Small firms confident for 2015 growth

December 17 ,2014 | by Thiago Kiwi

Britain’s small firms are optimistic about growing next year as they hire more staff and export bigger volumes, according to a survey by the Federation of Small Businesses (FSB).

The FSB’s Small Business Index revealed that the outlook for orders, exports, hiring and growth has remained strong, with 65% of small businesses in the UK confident about expanding further in the first quarter of 2015.

Small firms’ productivity rose by more than 1% in the second half of 2014, meaning they can capitalise on growth plans in the New Year.

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UK standard of living rises to fourth highest in Europe

December 16 ,2014 | by Hari Sri

Data released by Eurostat, the office for statistics of the European Union (EU), has shown that the standard of living has improved in the UK.

In this recent report, the UK has overtaken the Netherlands to join Denmark, Sweden and Finland in joint-fourth position.

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Experian launches service to help SMEs

December 16 ,2014 | by Thiago Kiwi

Experian, the global information services group, is launching a new service called My Business Profile to help the UK’s 2.2 million small and medium sized enterprises.

My Business Profile will help SMEs check and manage their credit profile, increasing their chances of securing financial backing.

Despite various government initiatives, since the start of the 2008 financial crisis the trickle-down of finance has repeatedly failed to fully reach SMEs.

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Virtual currencies grow more mainstream

December 15 ,2014 | by Hari Sri

Since the introduction of Bitcoin in 2009, virtual currencies have rocketed in popularity.

The general public are beginning to accept digital payment into the mainstream. Bitcoin lets people anonymously transfer money around the world for free, and cuts out the need for a middle man

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