LSBF Blog - Global Matters

UK employers aiming for international growth, says survey

November 20 ,2014 | by Thiago Kiwi

A sixth of UK employers look to expand into Europe within the next two years.

Growing business confidence, a healthier jobs market and a better year all-round for firms in the UK have given companies the drive to expand into Europe, according to the latest JobsOutlook survey from the Recruitment and Employment Confederation (REC).

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Emerging markets announce measures to boost small firms

November 20 ,2014 | by Thiago Kiwi

A range of new measures to give small firms a boost have been announced in several emerging markets.

Small businesses are the engine of growth. That’s what we’re often told in the UK as authorities work to improve trading conditions for small and medium-sized enterprises (SME) – and it’s hardly surprising, considering that they constitute the vast majority of the UK’s companies and employers.

Of course, the same is also true around the world. Especially in emerging markets, authorities are working to give SMEs a boost in a bid to encourage growth and stimulate further development. The past few days have seen a number of measures announced across several Asian and African economies to kickstart economic expansion.

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Video: Snapchat introduces new P2P payment system ‘Snapcash’

November 20 ,2014 | by Thiago Kiwi

Snapchat has unveiled a new payments system, Snapcash, through which users can send money to friends.

With Apple Pay now on the scene and Amazon working hard on its Wallet offering, the mobile payment scene is becoming more crowded and complex. Even Twitter has recently been working on a system by which friends can tweet to each other.

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Small manufacturers benefit from the UK’s economic recovery

November 19 ,2014 | by Thiago Kiwi

Output is rising among manufacturing firms as small businesses continue to benefit from economic recovery.

Smaller manufacturers are still benefiting from the UK’s economic recovery, in spite of the pressures stemming from slacker global demand.

That’s the view of the latest SME Trends Survey from the Confederation of British Industry (CBI), which found that manufacturing companies are benefiting from stronger domestic demand at a time when export orders are harder to come by.

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World Expo 2015 to be worth £1 billion for Britain

November 19 ,2014 | by Hari Sri

Next year’s World Expo is a major opportunity for nations to show off what they can offer. The government is hoping it could be worth £1 billion to the UK.

When next year’s World Expo kicks off in Milan, delegations from around the world will flock to Italy to demonstrate what they have to offer to a truly global audience. It’s a massive opportunity for governments and businesses alike to benefit from showing off their products and services on the biggest possible stage. So much so, in fact, that the UK government says it is aiming to make the event worth £1 billion to the UK economy.

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London Stock Exchange issues biggest ever rupee bond

November 19 ,2014 | by Hari Sri

The London Stock Exchange’s biggest ever rupee bond worth £103 million was issued earlier this week by the International Finance Corporation.

India and the UK have been working hard to cement their already close economic and financial relationships after all the latter is the biggest investor in the former among the G20 nations. But, this week, they have edged even closer together.

The International Finance Corporation (IFC) has issued a major new rupee bond in London today – the biggest of its kind ever issued on the London Stock Exchange (LSE).

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G20: world leaders back 800 measures for global economic growth

November 18 ,2014 | by Thiago Kiwi

World leaders are positive that in 2018, a decade on from the financial crash, the global economic outlook will be markedly better than it has been in the interim years.

After much discussion at this year’s G20 summit, attendees came to an agreement that they will transform their respective economies in fundamental ways to make this possible.

One of the key commitments is for heads of state to boost their economies by 2.1 per cent over the next four years, which will orientated around a package of 800 measures designed to stimulate growth.

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Virgin America valued at $1.35 billion post-Nasdaq flotation

November 18 ,2014 | by Hari Sri

Virgin America’s debut on the Nasdaq stock exchange in New York went spectacularly well with share prices increasing by more than 30 per cent during the first day of trading.

The company floated 13.3 million shares at an initial $23 (£15) a share, which later peaked at $31.18. Approximately $307 million (£196 million) was generated by the close of business.

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Non-financial businesses worth £1 trillion to UK economy

November 17 ,2014 | by Hari Sri

Non-financial businesses’ contribution to the economy hit £1 trillion last year, with the service sector contributing 54.7 per cent of that figure.

The UK’s recovery is well underway and businesses are continuing to generate more and more wealth for the nation.

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Recruitment still needs the human touch

November 17 ,2014 | by Thiago Kiwi

A government survey has found that employers are still intent on adding the human touch to recruiting new talent.

Technology has become a massive part of our lives and it runs into every aspect – but it turns out that when it comes to hiring talent, employers still prefer a personal touch.

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LSBF to host Islamic Finance Symposium in London

November 14 ,2014 | by LSBF Blog Staff

Ever keen to be at the forefront of global trends in the sector, the London School of Business and Finance (LSBF) will be hosting on Wednesday, 19 November, from 9AM to 5PM, a symposium on Islamic Finance at its new flagship building – Sceptre Court – in Tower Hill, London.

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UK wage growth has surpassed inflation, reveal ONS figures

November 14 ,2014 | by Hari Sri

Pay inflation has picked up last month and surpassed inflation, according to official data.

Concerns about the UK’s slow wage growth have been growing in the past few months as employment rates have risen steadily. But new figures from the Office for National Statistics (ONS) show that last month, pay increases finally surpassed inflation.

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SMEs don’t fear interest rate rises, claims ICAEW survey

November 14 ,2014 | by Thiago Kiwi

Small businesses are not fazed by the idea of an interest rate increase, new figures have shown – but what could a hike mean for firms?

Interest rate rises have been talked about ever since the first signs of the UK’s economic recovery. As confidence improves and employment grows, analysts have been predicting that the era of record low, 0.5 per cent base rates could soon come to an end.

But a new survey from the Institute of Chartered Accountants of England and Wales (ICAEW) shows that even though business organisations have been warning against an increase, small firms are not fazed by the idea.

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Hong Kong targets becoming Asia’s biggest tech hub

November 14 ,2014 | by Hari Sri

Hong Kong is making moves to become Asia’s biggest technology centre.

It’s well known that London is one of the world’s major technology hubs, but promising startups are emerging worldwide. In Asia, there are plenty of high-potential companies seeking to make a name for themselves on the tech scene – and increasingly, they’re being attracted to Hong Kong.

With its highly developed economy and established infrastructure, Hong Kong is a natural candidate to become home to growing tech firms. Like London, it’s also a major financial centre which will attract investment, and its reputation as a business hub means that tech firms are potentially in close proximity to some of their potential major customers and suppliers.

Investment has been slow to move into Hong Kong’s startups scene, but the situation is beginning to change.

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UK professionals enjoy up to 2 digit salary growth, says study

November 13 ,2014 | by Hari Sri

Professionals are seeing salaries increase and candidates are more confident in their job prospects, Hays has found.

It’s well known that the UK’s employment landscape is gathering steam. New figures from recruitment firm Hays indicate that confidence among candidates is growing in an improving job market.

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UK SMEs need more support to export, shows survey

November 13 ,2014 | by Thiago Kiwi

Better support could help more business to export, after it has emerged that many are still reluctant to work overseas.

With the UK returning to growth and business confidence rising, it makes sense that many companies are seeking to consolidate their positions in domestic markets. But given the growth in some promising economies worldwide, firms may well be able to capitalise on rising demand in key export markets. Yet it appears that many firms still need some encouragement to consider expanding abroad.

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Social media remains a powerful tool for SMEs, says report

November 12 ,2014 | by Hari Sri

Using social media effectively can be a boon for SMEs if they have the skills to do it.

Small businesses know that to make the most of their limited resources, they have to use every tool at their disposal. As a new infographic from Sage demonstrates, that means more and more are turning to social media as a means of engaging with their target markets, but there are still gaps that need to be filled.

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London tech sector growth boosts construction boom

November 12 ,2014 | by Thiago Kiwi

Construction in London is on the rise in response to the capital’s tech sector growth.

London’s booming technology scene has given the city’s economy a major boost, as it positions the capital as a national and European centre for innovation. But it’s also having knock-on effects for other industries – and a new report illustrates that it’s even stimulating the construction sector.

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UK business confidence remains high

November 11 ,2014 | by Hari Sri

Accountancy network BDO International’s latest research points to continued confidence among UK companies.

Economic recovery is underway and news is continually emerging about improving business conditions for UK firms. According to the latest figures from accountancy firm BDO, this upswing is being translated into strong levels of business confidence.

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City of London firms keep hiring levels high

November 11 ,2014 | by Thiago Kiwi

New figures show that London companies are not letting concern over slower growth affect their hiring tendencies.

There may have been some concerns that UK growth may slow as we move into 2015, but it’s clear that London employers aren’t letting such worries affect their hiring practices.

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London gives UK Treasury £34 billion boost each year

November 10 ,2014 | by Hari Sri

A new report has highlighted the huge contribution that London makes to the UK economy.

It’s well-known that London is the business and finance hub of the UK, as well as being its biggest city by far and home to some of the highest relative property prices in the world. Yet the wealth being created in the capital also has a knock-on effect for the whole of the UK, according to figures from the Centre for Economics and Business Research (Cebr).

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SME staff see value in flexibility

November 10 ,2014 | by Thiago Kiwi

Flexibility is at the core of retaining top talent for SMEs, according to a new report.

Flexibility is a key facet of engaging and retaining top talent for small and medium-sized enterprises (SME).

That’s according to a new survey from Bupa, which shows that six out of ten employees of SMEs who responded felt that offering the right benefits is an important part of developing a happy and motivated workforce.

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What do Islamic Finance & 'Sukuk' bonds mean for the UK?

November 08 ,2014 | by Sahar Ata

Last week the World Islamic Economic Forum took place at London’s Excel Centre. LSBF’s Sahar Ata feels buoyant about Islamic Finance and Sukuk’s prospects in the UK.

 

The big gathering of  world leaders,  The WIEF, held for the first time outside Islamic countries, themed “Changing World, New Relationships”, saw the attendance of 18 heads of state and government and deputy heads of government, 50 ministers and 2,700 delegates from 128 countries, the largest congregation ever in the history of WIEF.

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Canary Wharf owners reject £2.2bn Qatar bid

November 07 ,2014 | by Thiago Kiwi

A takeover bid for Canary Wharf has been quickly rejected by its current operator.

Canary Wharf is at the heart of London’s financial centre, and it’s been a business hub ever since it regenerated part of the capital’s East End. But that also makes it attractive to major investors from around the world, and its current operator has just rejected a major offer to take over the development.

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Satisfaction at work in the UK rises

November 07 ,2014 | by Thiago Kiwi

Satisfaction at work among UK employees is rising, according to the latest report from Randstad.

After years of slow wage growth and a tough economic climate that put many workers off looking for jobs, satisfaction has been waning among the UK’s workforce. But as the latest study from Randstad shows, employees are more fulfilled than they have been in the past 18 months, and they’re overtaking their counterparts in many European nations.

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