Posted By Erin O’Neill
Research from specialist PR firm for the recruitment industry ClearlyPR has shown that the number of start-ups in the recruitment industry in 2017 has reached a record high.
The figures, which were obtained under a Freedom of Information Request from Companies House, showed that 9,001 recruitment agencies have been started since January 2017, bringing the total number of agencies now trading in the UK to a record high of 35,275.Read more >>
Research from investment management company Legg Mason has found that nearly half of millennials in the UK want to set up their own business.
The company’s fifth annual Global Investment Survey explored the views of 15,300 people and found that more millennials in the UK are setting the goal of starting up their own company.Read more >>
Companies in the financial services sector are bringing jobs back to the UK as offshore regions face rising prices and skills shortages, according to research from recruitment company Robert Half Financial Services.
The research showed an increase in the level of onshoring amongst financial services executives, with 59 per cent of businesses transferring their offshored business operations back to the UK, which could result in a jobs boost in the financial services sector.Read more >>
Research commissioned by data management vendor Relay 42 has shown that digital-only banks are becoming increasingly popular with Brits, with 27 per cent having already moved to a mobile-only bank and 26 per cent considering doing so.
The study surveyed over 2,000 Brits and identified the main reasons for respondents choosing to switch to digital-only banks, with more than half citing a better online experience and functionality.Read more >>
A new survey from the Institute of Directors (IoD) has shown that UK entrepreneurs are feeling confident, with those who run young companies feeling more positive than those running established companies.
The research surveyed 628 members from entrepreneur group IoD99 and found that 83 per cent of entrepreneurs are feeling optimistic about their business prospects over the next year, compared to just 56 per cent of businesses in the IoD overall membership, who were surveyed in separate research.Read more >>
Research from financial services company Hargreaves Lansdown has revealed the top financial employee benefits.
The company’s report, entitled Workplace benefits, surveyed a total of 349 employers across the UK and found that workplace pensions are one of the most valuable financial benefits for employees, with this being cited by 36 per cent of respondents.Read more >>
Millennials are using their knowledge of technology and social media platforms to seek out new online investment platforms, according to a report from peer-to-peer (P2P) business lending platform ArchOver.
The report, entitled Next Gen: Investors and Savers, questioned 2,000 UK adults on how they feel about risk and investment in the current climate and found that more than 65 per cent are savers, with these respondents choosing banking methods such as savings accounts and pensions.Read more >>
Research from CV-Library has shown an increase in salaries across the UK, with a rise of 1.3 per cent last month compared with October.
The latest job market data also showed a rise of 1.9 per cent in salaries in November since the previous year, with many key sectors seeing growth.Read more >>
The Department for Business, Energy and Industrial Strategy (BEIS) has estimated that small and medium-sized businesses in the UK accounted for 60 per cent of employment in the private sector in the past year.
The figures showed that the number of SMEs in the UK has hit a record high of 5.7 million, up by 200,000 from last year and an increase of 2.2 million since the start of the millennium.Read more >>
Citi Microentrepreneurship Awards celebrate responsible business finance sector
News - Sustainable Business
Sixteen businesses that have accessed responsible business finance have been announced as finalists at the Citi Microentrepreneurship Awards.
The awards, which are run by the Citi Foundation in partnership with Responsible Finance, are a celebration of the best emerging micro-entrepreneurs and the responsible business finance providers that support themRead more >>
Research from Huawei has found that 85 per cent of people in Britain want to set up their own business, with 77 per cent planning to pursue their goals in 2018.
The study surveyed 5,000 people across the UK and revealed which cities are leading the way when it comes to career goals.Read more >>
Research conducted for the Nottingham Building Society has shown that UK adults need more access to financial advice on how to save their money, with more than 20 per cent believing that they are not saving enough.
The research surveyed more than 1,000 adults aged 18 and over and found that young people are the most affected, with 30 per cent of under 35s believing that they are not saving enough as a result of not having enough access to financial advice, compared to just 12 per cent of adults aged over 55.Read more >>
The Government’s Industrial Strategy has been launched to help boost skills, training and research in the UK.
Over the next three years, £725 million will be put towards the Industrial Strategy Challenge Fund to help make the UK the most innovative nation in the world by 2030.Read more >>
Starling Bank has teamed up with mobile payment and loyalty platform Yoyo Wallet to give customers the opportunity to benefit from loyalty reward programmes from specific retailers whenever they make payments through Starling.
The challenger bank is the first bank in the UK to fully comply with the PSD2 EU-wide directive, which is a new open banking rule set to be introduced early next year that will enable consumers to select which third-party providers they wish to share their data with.Read more >>
Fintech businesses are the most ambitious when it comes to their fundraising plans, according to a report from professional services and Big Four firm EY.
The EY Fast Growth Tracker surveyed hundreds of UK entrepreneurs about their future funding plans and found that 34 per cent of fintech firms are aiming to raise £5 million for their next fundraising round.Read more >>
NatWest is to help its customers achieve their financial goals by launching an automated investment advice service.
NatWest Invest is an online platform that enables the bank’s customers to receive advice and keep track of their investments, with the service being available to customers that have a minimum of £500 to invest.Read more >>
The ICAEW is to launch a new initiative that will provide chartered accountants with the opportunity to become personal finance directors.
The initiative will consist of an online community that will offer access to all areas of financial planning to help chartered accountants boost their knowledge and place them in a position where they are able to offer financial support to SME owners and managers.Read more >>
LinkedIn has launched a new feature to help its members to connect with professionals and receive or give careers advice on topics such as changing careers and career development.
The business-orientated social networking website first launched Career Advice in San Francisco and Australia earlier this year and is now rolling out the feature to the UK, US and India, with a global launch planned in the coming months.Read more >>
People who work for themselves are less stressed and have better wellbeing than those who work for someone else, according to research from AXA Business Insurance.
The company’s annual Stress Index showed that whilst 78 per cent of people who are self-employed have experienced some stress, this is still lower than those in employment, with nine in ten people who work for someone else describing themselves as stressed.Read more >>
Business activity growth reached its highest in six months in London last month, the latest Lloyds Bank Regional Purchasing Managers’ Index (PMI) has shown.
The London PMI registered a reading above 50, signalling growth in business activity in the city. October’s reading stood at 56.3, up from 54.1 from the previous month and the fastest rate of growth since April.Read more >>
Having a relatable role model could help female entrepreneurs in the UK who wish to set up their own business to feel more confident in their ability to do so, according to research from Facebook.
The social networking website commissioned the research for its #SheMeansBusiness programme and found that more than 80 per cent of aspiring female entrepreneurs believe that having a relatable role model would inspire them to set up their own business.Read more >>
Research from Ebuyer has found that 80 per cent of Britons aspire or have aspired to set up their own business, with Londoners being the most entrepreneurial.
The research surveyed 2,000 UK adults and found that 84 per cent of residents in London have thought about starting their own business.
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Research commissioned by customer engagement solutions company Engage Hub has shown that financial service providers need to place more focus on customers.
The survey of 2,500 UK consumers explored the relationship between customers and financial service providers and found that more than 30 per cent of consumers believe that providers do not take customer experience seriously.Read more >>
The UK has been named the most attractive country to employers and staff in a report from real estate company Colliers International.
The report rated Britain highly for its talent, quality of life, location and cost, with Colliers International placing the UK amongst the lowest-risk European countries to start and run a business, despite concerns over Brexit.Read more >>
Research from Visa has shown that millennials are choosing banking apps over traditional bank branches, with 53 per cent of 18 to 34-year-olds regularly using a banking app on their mobile phone.
The research surveyed more than 2,000 Brits and found that 38 per cent routinely use a banking app on their phone. However, banking apps have not quite yet taken over, with 31 per cent of millennials admitting that they have never used one.Read more >>