NEWS - BUSINESS & ECONOMY
All businesses benefit from having a structured approach to expenditure and resource allocation for meeting the company expenses. Discrepancies arise in business budget planning either because of unforeseen circumstances or poor planning. In such cases, improper budgets might hamper the company’s further growth and expansion.
Read ahead to learn more about five common challenges companies face during budget planning and budgetary control as well as how to resolve them.Read more >>
Decision-making is central to all organisational activities and has to be done with precision and clarity. Business planning begins with identifying medium and long-term goals and subsequently setting guidelines to reach them.Read more >>
Motivation is one of the major factors for driving success. If you want to pursue a corporate career or want to start your own business, read on to learn about the importance of motivation for running a business.Read more >>
Communication is often referred to as the lifeblood of a business, given the high value it holds. It plays an integral role in helping build a powerful relationship with customers and clients. The exchange of information, ideas, plans and a lot more, solely relies on communicating with one another.Read more >>
Imagine standing at the supermarket, in front of the hair products aisle, and choosing a single shampoo from the dozens of varieties sitting there.Read more >>
Globalisation has made communication between countries, regions and people much simpler, allowing businesses to expand globally and have a larger contribution to the global marketplace.Read more >>
What is data science and how can it be used in a business?
Back in the early 90s, artificial intelligence seemed far-fetched. In today’s time, it is a reality. Such advanced technology has ushered the use of big data and the need for storage of such sensitive information.Read more >>
How can efficient project management enhance your leadership skills?
A project manager oversees the various tasks involved in a project or programme to ensure a smooth process from start to finish. Creating a conductive environment and motivating team in the right direction is an essential part of the job.Read more >>
Leadership is not just about giving orders and having them obeyed. To truly lead an individual has to be an innovator and a mentor who inspires staff and encourages them to be productive.
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New research from think tank Centre for London has shown that the city continues to be buoyant, despite a slowdown in its population growth and political uncertainties caused by the UK’s exit from the EU.
The analysis was published in The London Intelligence, a quarterly publication that looks at key data in the city, including employment and economic data.Read more >>
Barclays has become the first high street bank to enter a partnership with leading financial technology firm MarketInvoice in a move that will help to change the way that small and medium-sized businesses in the UK manage their cash flow and accelerate growth.
The deal comes as part of the bank’s plans to invest in up-and-coming business models for growth and MarketInvoice’s aim to extend its services to business across the UK.Read more >>
Research from CV-Library has shown that London is one of the top cities in the UK for finding talented staff.
The UK job board compared data on its website from July 2018 with the same period last year and found that average growth in candidate interest in London increased by 13.9%.Read more >>
Research from Wesleyan Bank has shown that UK SMEs are feeling positive about their future, with nearly two-thirds expecting growth of up to 40% over the next couple of years.
The bank’s annual “SME Heroes or Zeros” report surveyed more than 500 business owners and found that over 50% have more confidence over their company’s growth prospects than they did last year, while just 11% are concerned about the impact that the UK’s exit from the EU will have on their business.Read more >>
Research from Lloyds Bank Commercial Banking has shown that business confidence in London increased in July, rising by 7 points to 47% after dipping in June.
The bank’s latest Business Barometer, which surveys 1,300 businesses each month and explores economic trends regionally and nationwide, found that businesses were feeling confident about their prospects and the wider economy.Read more >>
Research commissioned by the International Business Festival has found that access to finance is one of the biggest factors behind SMEs launching a new business.
The study, which was carried out by business research agency Coleman Parkes, surveyed 500 UK-based owners, directors and senior managers of SMEs with 9-100 employees, exploring topics such as access to finance, business confidence and generating ideas.Read more >>
Finance firms have committed to boosting their support for Black, Asian and ethnic minority (BAME) employees.
The Bank of England and HSBC are among the firms that have signed up for the Investing in the Ethnicity and Race Initiative, which was launched in 2017 by Labour MP Dawn Butler and diversity and inclusion specialists SPM Group, with the aim of improving the representation of BAME employees.Read more >>
Research from OCO Global found that SMEs are feeling optimistic about their future, with more than 30% believing that the UK’s exit from the EU will have a positive impact on their business.
The business management consultant’s SME Brexit Survey showed that businesses in London are feeling the most optimistic, with 50% believing that Brexit will have a positive impact, a higher percentage than in many other regions in the UK.Read more >>
Research collected by Instant Offices has shown that London’s economy has strengthened over the past ten years, with financial and insurance being among the sectors that have helped to drive growth.
The office space provider gathered data from the Office for National Statistics (ONS) and the Greater London Authority to highlight growth trends in London and the rest of the UK.Read more >>
Facebook plans to open a new office in London as part of the social networking company’s plans to grow its business and boost the UK economy.
The company’s new office will span two buildings in London’s King Cross, taking up nearly 600,000 square feet of space and providing enough room for over 6,000 workstations.Read more >>
The latest job market data from CV-Library has shown that businesses across the UK are feeling confident, despite the ongoing economic uncertainties caused by Brexit.
The UK job board compared data from Q2 2018 with the same period in 2017 and found that jobs in the UK increased by 11.6% in the second quarter of 2018, suggesting that firms continued to feel confident about their recruitment plans.Read more >>
Figures from the UK’s national economic development bank, the British Business Bank, have shown an increase in the bank’s supply of finance to smaller businesses.
The bank’s Annual Reports and Accounts for 2017/18 showed that the total amount of finance provided through its programmes has reached £12.25bn, a rise of 33% over the last financial year.Read more >>
The latest figures from the Office for National Statistics (ONS) have shown that the UK’s employment rate has reached a record high of 75.7%, up from 74.9% a year earlier.
The number of people in employment reached 32.40 million, 137,000 more than for December 2017 to February 2018 and 388,000 more than the previous year.Read more >>
A study from workplace help platform Rungway has identified which industries in the UK have the happiest workers, with financial services and banking making the list.
The study surveyed 2,000 employees in Britain to find out how happy they are in their job role. The figures showed that while 40% of UK workers are satisfied with their job, there is room for improvement.Read more >>
Research from Amazon has shown that financial services are among the sectors that are leading the SME economy, with small and medium-sized enterprises in the sector seeing a 1.7% increase in revenues over the past year.
The Q2 2018 Amazon SME Growth Tracker from Capital Economics, which was commissioned by Amazon UK and Enterprise Nation, analysed the growth prospects and views on the wider UK economy from SMEs using data from a survey of more than 1,000 UK SMEs.Read more >>
Research from the City of London’s governing body, the City of London Corporation, has shown that the UK’s financial and professional services sector is making a significant contribution to society.
The sector was found to be making contributions through volunteering, charity donations and funding, with education and economic development being among the supported causes.Read more >>