LSBF Blog - Global Matters

Virgin invites startups to trial superfast broadband

February 09 ,2015 | by Hari Sri

Startups in Tech City have been invited by Virgin Media Business to register their interest in a market trial for superfast broadband.

Virgin Media Business (VMB) has invited digitally deprived startups located in Tech City to put their names down to register their interest in a market trial for dedicated fibre connectivity.

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London tech boom transforming UK into tech nation

February 09 ,2015 | by Claire Payne

The UK is slowly becoming a nation of digital companies led along by the boom in London.

The UK is already well known for having one of the world’s strongest digital economies with a number of specialisms that range from artificial intelligence to video games development.

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The LSBF’s ACCA Study Manuals Competition Terms and Conditions

February 06 ,2015 | by LSBF Blog Staff

The LSBF’s ACCA Study Manuals competition is hosted on the London School of Business and Finance (LSBF) Facebook page. In order to benefit from the Competition entrants must complete the registration form and submit an answer for the question asked.

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Starbucks records first profit in the UK in 17 years

February 06 ,2015 | by Thiago Kiwi

A profit was posted for the first time since Starbucks opened in Britain 17 years ago.

The world’s largest coffee bar chain, Starbucks, made a profit in the UK for the first time since the franchise first opened a store in Britain over 17 years ago. Starbucks cited the improvement was down to a turnaround plan aimed at reducing store costs.

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20 startups compete for $1m innovation prize from China

February 06 ,2015 | by Helen Gould

Competition is expected to be fierce for the Shengjing Global Innovation Award prize money of $1 million.

The one million dollar Shengjing Global Innovation Award will be presented to one winner out of 20 startups from across the world, who will not only be competing for the prize money, but also the potential for venture capitalists and incubators to invest in their companies.

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BAE Systems looks to boost women in engineering careers

February 06 ,2015 | by Claire Payne

Over 80 young women were invited to take a ‘look behind the scenes’ at BAE Systems.

BAE Systems’ Military Air and Information (MAI) business gave a behind the scenes tour of its Warton facility for a number of young female students, in an attempt to raise interest the number of women looking to take up apprenticeships.

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BT to buy mobile firm EE for £12.5bn

February 05 ,2015 | by Hari Sri

Telecoms group British Telecom will pay £12.5 billion to buy mobile operator EE.

In a move that will create a communications giant, the telecoms group BT has finalised a deal to buy the mobile firm EE for £12.5 billion after it announced in December that it was in talks to buy the UK's largest mobile operator.

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UK businesses have started 2015 strongly, says report

February 05 ,2015 | by Thiago Kiwi

British firms started the year off surprisingly well according to services PMI data from Markit.

The UK’s economic recovery continues to grow in strength, as highlighted by the latest monthly service sector update from Markit/CIPS. The survey showed the services PMI reading rose higher than forecast to 57.2 in January, up from a 17-month low of 55.8 in December.

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Apple iPhone is the most profitable product ever

February 05 ,2015 | by Thiago Kiwi

Apple’s iPhone is likely one of the best product investments in history, with a $150mn investment yielding over $50bn in sales.

The success story of Apple’s iPhone is a shining example of how a product can change a company’s history. Especially since recent figures highlighted that the iPhone must be the most profitable product produced by a company in history.

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Women on boards of big UK companies nears 25 per cent, finds survey

February 05 ,2015 | by Erin O’Neill

UK’s biggest companies are making progress for female representation in the boardroom.

The target for companies to have 25 per cent of board roles taken by women is now “in sight”, according to Vince Cable, the business secretary. Much progress has been made since 2010 and shows the UK’s “voluntary, business-led approach is working”, Mr Cable added.

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London leads list of Europe’s hottest FinTech startups

February 04 ,2015 | by Hari Sri

A list of Europe’s hottest FinTech startups to watch out for in 2015 is dominated by those from London.

London’s place as a hub for FinTech startups is well and truly evident when looking at the recently released list of FinTech companies to watch out for in 2015, compiled by a panel of senior executives from sectors such as finance, investment and technology.

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This is how Bill Gates envisions the world in 2030

February 04 ,2015 | by Claire Payne

Bill Gates reveals how he thinks the world of 2030 will look in an open letter.

Looking into the future is often reserved for the likes of astrologers, fortune tellers and tarot card readers. However, there are few other visionaries as well placed to make some educated guesses than Bill Gates, who recently revealed his predictions for the four key developments that 2030 will hold, in an open letter from the Bill and Melinda Gates Foundation.

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Ryanair announces €400mn share buyback as it raises profit forecast

February 03 ,2015 | by Hari Sri

A surprise €400m share buyback scheme has been unveiled by Ryanair after the airline raised profit guidance for 2015.

Ryanair, the low-cost airline, recently announced an unexpected €400 million share buyback plan that comes not long after raising its profit forecasts for the full year. The airline said that due to a rise in the number of passengers and lower fuel prices.

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Businesses to receive £66bn lending boost by 2018, says EY

February 03 ,2015 | by Thiago Kiwi

Net lending to businesses is poised to return to growth after contracting for six years following the financial crisis, claims an EY ITEM Club research.

Lending to British businesses is poised to return to growth this year following on from six years of contraction, according to the EY ITEM Club’s latest research. In fact, net lending to businesses is expected to rise up to 17 per cent by 2018, which should see UK companies gain an extra £66 billion of credit over the next four years.

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London financial services jobs hit record high

February 03 ,2015 | by Helen Gould

London’s City employs record number of financial and related professional services workers.

TheCityUK’s latest London Employment Survey showed that the number of workers in the financial and related professional services industry hit a record high in December 2014, highlighting the sector's burgeoning recovery.

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UK tech firm Mobile Streams plans emerging markets expansion

February 03 ,2015 | by Hari Sri

UK tech firm Mobile Streams announces details of its plan to push forward into Brazil, Africa and India.

The chief executive officer of Mobile Streams revealed plans to expand the reach of its mobile internet services to higher potential markets such as Brazil, India and Africa.

Shares advanced around 12 per cent on the announcement as it will provide more opportunities than attempting to penetrate the saturated core regions of the US and Europe.

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UK Google users can now transfer money through Gmail

February 02 ,2015 | by Thiago Kiwi

Gmail users in the UK will soon be able to attach money to an email to transfer funds.

Soon to be rolled out across the UK will be the Send Money in Gmail feature that will allow those with Gmail accounts to attach funds to emails and transfer it with a simple click of the button. It will work even if the recipient doesn’t have a Gmail account; you just need to link your debit card or bank account to Google Wallet.

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Startup scheme aims to turn London into cyber security hub

January 30 ,2015 | by Thiago Kiwi

Cyber London (CyLon) scheme will turn the British capital into a hub for cyber-security startups.

Europe’s first cyber-security accelerator is being launched in London and aims to create a hotbed for startups in the UK’s capital city. CyLon (Cyber London), the not-for-profit organisation, will kick off its first 13-week programme in April with a group of startups in the defence, retail, telecoms and health services industries, amongst others.

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Apple records biggest quarterly earnings in history

January 30 ,2015 | by Claire Payne

During the final three months of 2014, Apple raked in $18 billion, the largest quarterly corporate earnings in history.

Apple, the tech gadget giant, has smashed records to post the largest quarterly corporate earnings figures in global corporate history, raking in an impressive $18 billion in the fourth quarter in 2014.

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Investment in nature will support UK economy, says report

January 30 ,2015 | by Helen Gould

The Natural Capital Committee’s report suggests investment in nature will encourage economic growth in the UK.

Everybody should band together to protect the UK’s “natural capital” in an effort to support economic growth in Britain, according to the final report from the Natural Capital Committee (NCC).

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PQ Awards 2015: Meet finalist David Laws, lecturer at LSBF

January 29 ,2015 | by LSBF Blog Staff

LSBF tutor David Laws has been shortlisted to receive the Private Sector Lecturer of the Year award in this year’s prestigious PQ Awards.

Held annually, the PQ Awards are organised by popular accountancy title PQ Magazine. They honour the best institutions, teachers, students and learning resources in the world of accountancy education.

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UK 2014 GDP registers fastest growth in seven years

January 29 ,2015 | by Thiago Kiwi

Last year, the UK economy grew at its fastest pace since 2007, recording a GDP growth of 2.6 per cent.

In 2014 the UK’s economy grew by 2.6 per cent, the largest expansion since 2007 and faster than the 1.7 per cent growth in 2013, according to official figures. The positive figure gave cause for government officials to reiterate that the economic recovery was “on track” due to a dominant service sector.

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Trade trip organised to China to encourage women entrepreneurs

January 29 ,2015 | by Erin O’Neill

ConnectChina aims to increase the number of women entrepreneurs doing business with their counterparts in China.

A collaboration between ConnectChina and Maiden Voyage will bring a women-only business team on a trade trip to China and Hong Kong this year. It’s a scheme that’s designed to open up the difficult market of China to more women entrepreneurs, showing that problems such as the large geographical distance, cultural differences and language barriers are not insurmountable.

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Coinbase launches first regulated US Bitcoin exchange

January 28 ,2015 | by Hari Sri

After $75mn funding boost, Bitcoin services provider Coinbase has opened the first regulated US Bitcoin exchange.

Coinbase has opened the first-ever licensed US exchange for Bitcoin not long after netting around $75 million in funding. The company hopes to make the controversial cryptocurrency more official with the new exchange as it adds the US to its growing list of countries that offer these services.

The value of Bitcoin jumped on the news by around 20 per cent, briefly breaking above the $300 barrier versus the US dollar. However, since then the price has settled closer to the $250 level.

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UK maintains strong record on high-skilled job creation

January 28 ,2015 | by Thiago Kiwi

Employment rates near record highs as growth of UK high-skilled jobs outpaces that of Europe.

This week, UK Prime Minister David Cameron stated that Britain is the ‘jobs factory of Europe’. The latest round of employment data saw the unemployment rate fall to 5.8 per cent and the employment rate jump to 73 per cent.

 

It’s no doubt that the number of employed people in the UK remains close to record highs and unemployment continues to decline, which has the government heralding the data as proof that its economic plans are working.

The figures do showcase improvement in the economy. Furthermore, wage growth is outstripping the inflation rate and should see consumers gain more purchasing power, which would help add extra fuel to the consumer spending powered economic recovery.

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