Posted By Hari Srinivasan
Figures show 21 per cent increase in demand for accountants
Topic:
News - Education & Careers
The number of advertised accountancy and finance job vacancies increased in the second quarter of 2017, according to figures from specialist recruitment consultant Robert Walters.
Figures showed that accountants are in higher demand than other professionals, with a 21 per cent increase in advertised accountancy and finance job vacancies compared with 2016, nearly double the amount of advertised vacancies for professional roles, which saw a rise of 11 per cent.
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Santander moves into private banking sector with new service
Topic:
News - Accountancy & Finance
Santander has moved into the private banking sector with the launch of a new service for the bank’s high-end clients.
Santander Private will be aimed at customers that have investments and savings of more than £500,000 or a yearly income of more than £250,000.
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Financial literacy is a vital life skill, according to research
Topic:
News - Education & Careers
Research from investment managers M&G Investments found that financial literacy is a vital life skill, with more than 50 per cent of parents believing that schools have an important part to play in financial education.
The research surveyed over 500 parents and 360 grandparents, exploring their views on financial education. It found that 28 per cent of parents believe that children should take responsibility when it comes to understanding money, whilst over 25 per cent think that grandparents should have a role to play in their grandchildren’s financial education.
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Research reveals financial planning trends of millennials
Topic:
News - Accountancy & Finance
Research from global asset management firm Legg Mason has revealed the financial planning trends of UK millennials, with smartphones being found to be the most popular way of engaging with financial services.
The Global Investment Survey found that over 90 per cent of millennials aged between 18 and 35 use a smartphone to access the internet, compared to 52 per cent of those aged between 53 and 71. However, just 16 per cent of respondents were found to be in favour of technology-led financial planning.
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Job vacancies reach highest level since 2015
Topic:
News - Education & Careers
The number of job vacancies in the UK has reached its highest level since 2015, according to figures from jobsite Adzuna.
The UK Job Market Report showed that 1,179,586 job openings are now being advertised, with just 0.44 jobseekers for every vacancy, creating an opportunity for people to change their job or explore other employment options.
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Prospects launches special edition Graduate Market Trends journal
Topic:
News - Business & Economy
Prospects has launched a special edition of the Graduate Market Trends journal to help people to gain a better understanding of the impact of the Apprenticeship Levy.
The journal was launched earlier this week and contains expert advice and insight into the Apprenticeship Levy, including the challenges that employers will face as a result of its introduction.
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Londoners most keen to impress a new employer, study shows
Topic:
News - Education & Careers
New research from CV-Library has found that professionals in London are the most keen to impress a new employer, with over 65 per cent of workers in the city saying that they aspire to impress their boss for as long as they are with the company.
The research surveyed 1,000 workers in the UK and revealed the steps that Londoners are taking to impress their new employer, with effectively managing their workload being the top approach at 22.4 per cent.
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Investment scheme could be revived to encourage businesses
Topic:
News - Business & Economy
The Patent Box scheme was introduced by the UK Government in 2013 to encourage more investments in research and development.
After changes to the scheme by the EU in 2016, its appeal was reduced; however, this may soon be changed.
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Scottish Government-backed digital academy hopes to help businesses
Topic:
News - Business & Economy
Scottish Government-backed CodeClan is the UK’s first digital skills academy that has received full accreditation.
It has just started an intensive four-month training programme for candidates, who will be transformed into capable software engineers after completing the course.
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ONS figures reveal average pay of jobs in UK
Topic:
News - Education & Careers
New figures from the Office for National Statistics (ONS) have revealed the average earnings for jobs across the UK.
The ONS surveyed 21,563,000 people in the UK to calculate the salaries of over 400 jobs, with roles such as chief executives, sales accounts and business development managers being amongst the highest-paid positions.
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Business optimism at record high globally, research shows
Topic:
News - Business & Economy
Business optimism has reached a record high globally, with the US in particular experiencing a surge at 80 per cent, according to the International Business Report from professional services network Grant Thornton.
The report surveyed 2,400 businesses in 36 economies and found that business optimism has risen to its highest level going into the second quarter of 2017.
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London is world leader in financial technology, report shows
London has been named as the world’s strongest fintech hub in a report from professional services and Big Four company Deloitte and trade body Innovate Finance.
The Connecting Global Fintech Hub Review 2017 analysed 44 fintech centres worldwide on factors such as technical expertise, regulatory framework and government support, with London scoring highly in all of the areas.
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UK tech companies have doubled since Brexit vote, research shows
Tech companies in the UK have more than doubled since the Brexit vote, an analysis of data from Companies House has shown.
The data showed that the number of tech companies in the UK increased from 2,325 to 5,995 in the eight months following the EU referendum.
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Survey shows rise in confidence among London’s businesses
Topic:
News - Business & Economy
The London Chamber of Commerce and Industry (LCCI) has released a survey showing that London’s businesses are expecting a better outlook for their companies.
The research, which surveyed 500 businesses, demonstrated that respondents are feeling positive about their turnover and that confidence rose in the first quarter of the year.
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Technical and professional sector sees biggest boost in SMEs
Topic:
News - Business & Economy
New research from Hampshire Trust Bank has revealed the sectors in the UK that have seen the highest levels of growth in SME entrants since 2010, with the technical & professional sector experiencing the biggest boost.
The research found that whilst construction and retail had the highest percentage of SMEs overall, these sectors had the lowest percentage of start-up entrants at 4 per cent and 3 per cent respectively, with issues such as financial concerns and competition being cited as barriers to growth.
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Small businesses planning to recruit new staff, research shows
Topic:
News - Education & Careers
New research from Hitachi Capital has shown that there will be a jobs boost in the SME sector, with one in six small businesses set to recruit new staff by the end of April this year.
The company’s quarterly British Business Barometer, which surveyed SME decision-makers from 11 regions, found that 20 per cent of businesses that are less than five years old are planning to take on new staff by April.
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Royal Bank of Scotland launches loan service for SMEs
Topic:
News - Accountancy & Finance
Royal Bank of Scotland (RBS) is to launch a digital site that will offer business loans to small and medium-sized businesses within hours.
The site, which is named “Esme”, was developed by RBS’s in-house innovation lab and is being launched under the NatWest brand.
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£1 million funding available to UK entrepreneurs
Entrepreneurs in the UK can take part in a global competition to win a share of £1 million equity-free funding for their business.
Business people who are selected for the Innovation & Entrepreneurship International Competition will be competing against entrepreneurs from the US, Canada, Australia, Germany, Israel, India and Japan.
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North East tech sector fastest growing in UK, report shows
Topic:
News - Business & Economy
The North East has the fastest growing tech sector in the UK, with the region’s GVA contribution being double the UK average, according to a report from the Office for National Statistics.
The report showed that the GVA contribution of the region’s Information and Communications sector experienced a growth of 14.9 per cent.
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Small businesses can grow profits by networking, research shows
Networking can help boost the performance of small businesses, with 50 per cent saying that it has helped them to increase profits, according to research from NatWest.
The research, which surveyed over 630 senior decision makers from small businesses, found that 70 per cent of businesses have secured new business through networking. However, 33 per cent said that they are struggling to form new connections.
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Government launches online portal to help small businesses to export
Topic:
News - Business & Economy
A new online portal has been launched by the Government to provide small businesses in the UK with export opportunities.
The GREAT.gov.uk trade hub was set up by the Department of International Trade.
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Government forms advisory panel to help boost investment in SMEs
The Government has launched an advisory panel to help boost investment in the UK’s small and medium-sized businesses.
The panel will consist of over 20 prominent business figures and entrepreneurs, who will collaborate with the Government with the intention of making sure that before 2020, £1 of every £3 that Whitehall invests in goods and services will be given to SMEs, which could help to create an additional £3 billion of new business every year.
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Start-up community generates £196bn every year for UK economy
Research from Virgin StartUp has found that the UK’s start-up community generates over £196 billion each year for the economy.
The report, entitled The Start-Up Low Down: How Start-ups are Changing Britain, found that 40 per cent of businesses were founded in the past three years.
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Business owners believe Brexit will boost entrepreneurship, survey shows
Over 50 per cent of business owners in the UK believe that Britain’s exit from the EU will help to boost entrepreneurship, according to a study from Amway.
The Global Entrepreneurship Report showed that the referendum has not dampened entrepreneurial spirit, with over 65 per cent of businesses believing that a single economy is good for business.
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BT boosts UK economy by £23 billion, says report
Topic:
News - Business & Economy
BT has boosted the UK economy by £23 billion in the last year, according to a report by Regeneris Consulting.
The report, which is titled The Economic Impact of BT and EE in the UK, showed the contributions that BT and EE, which BT has taken over, have made to the economy across England, Scotland, Wales and Northern Ireland in the financial year 2015/2016.
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