NEWS - BUSINESS & ECONOMY
London has outperformed its rival financial centres when it comes to the cost of locating 100 staff. The city is 25 per cent cheaper than New York, according to estate agency Knight Frank.
The 2018 Global Cities report compared the cost of locating staff in top global cities and estimated that the total average cost of employing 100 members of staff in conventional office space in London is $5,228,140 per year, compared to $6,938,000 in New York.Read more >>
A report from Heathrow Express has found that London is the most popular destination for business travel.
The 2017 Heathrow Express Business Travel Insights Report found that 85 per cent of 2,424 business travellers have travelled to London for business.Read more >>
Over 45 per cent of businesses believe the financial technology sector is crucial to the future of London’s prosperity, according to the CBI/CBRE London Business Survey.
The survey of 271 respondents found the creative and tech sectors are the most important for the city’s economic growth over the next five years, with these being cited by two-thirds of businesses. This was followed by the fintech sector (47 per cent) and the professional services sector (49 per cent).Read more >>
The health of the UK’s small and medium-sized enterprises has reached its highest level in 18 months, a new quarterly economic index has shown.
Compiled by the Centre for Economics and Business Research Limited (Cebr), the SME Health Check Index used key performance indicators to measure the health of UK SMEs, including employment and confidence.Read more >>
A leadership development and coaching company is offering a new leadership programme for companies who want to increase staff engagement.
Full Potential Group (FPG) is launching the Charisma Connection programme to help business leaders develop charisma.Read more >>
The UK has been named one of the most popular locations to be sent on international business in Santa Fe Relocation’s 2017 Global Mobility Survey, “Embedding Business Strategy in Global Mobility”.
The study, which was conducted by Circle Research and is in its 7th year, surveyed almost 1,000 global mobility teams and business leaders, and found that 8 per cent of international business assignments are arranged for the UK, despite concerns over the decision to leave the EU.Read more >>
The number of households with no workers has reached its lowest level, according to figures from The Office for National Statistics (ONS).
The latest Labour Force Survey figures show that 14.5 per cent of households in the UK had no workers in the three months from April to June 2017.Read more >>
New research from Peldon Rose has found that UK workers believe that trust and autonomy is important to being happy and productive in the workplace.
The research found that whilst 59 per cent of staff feel that they are most productive in the office, 33 per cent want to be more trusted with managing how and when they work.Read more >>
Global management consulting and professional services company Accenture has recruited 1,700 people, with the company offering opportunities from executives to apprentices and graduates.
Accenture is filling over 500 job roles in areas such as Artificial Intelligence, Robotics, Cyber Defence, and Data Science for its recruitment drive, particularly focusing on London and Newcastle.Read more >>
Challenger banks in the UK are continuing to grow and outperform established banks, according to The Banker’s Top 1000 World Banks ranking for 2017.
The rankings showed a significant improvement in challenger banks such as Aldermore and Metro Bank, despite difficulties in the market.Read more >>
Research from the Association of Professional Staffing Companies (APSCo) has shown an increase in the number of permanent vacancies in the UK.
The data showed that permanent vacancies for professional jobs increased by 1 per cent in May 2017, whilst permanent roles in finance and engineering increased by 7 per cent and 5 per cent respectively.Read more >>
The world’s third largest financial services firm is set to be based in London. This is following the successful merger of financial software company Misys, and payments and lending technology provider D+H. The new merger has been named Finastra.
Finastra aims to provide the largest set of banking, lending, and capital markets software to businesses globally.Read more >>
Work perks could help to boost morale and enable employers to get the most out of their employees, according to research from packaged bank account claims specialist Banking Refunds.
The research surveyed over 1,500 British workers, exploring their attitudes on workplace perks and benefits, and found that over 35 per cent feel happier at work when receiving perks.Read more >>
The latest Lloyds Bank Regional Purchasing Managers’ Index (PMI) has shown a boost in business growth and employment in London for the month of May.
The PMI, which is an economic health check of the UK’s regions, showed that business activity grew at a faster rate in London than in the rest of the UK last month, with rising business demand helping to boost employment levels in the city.Read more >>
Networking is becoming a more important part of the job search process, with over 75 per cent of executives using this method to select candidates, according to research from executive search provider Korn Ferry.
The research has shown a decline in the importance of CVs when it comes to the job search process, with just 3 per cent of business executives believing that resumes are still the most important.Read more >>
Seedrs has teamed up with NatWest and Royal Bank of Scotland (RBS) to become part of the Capital Connections programme.
Through the programme, the crowdfunding platform will be joining a panel of funders to provide alternative finance solutions to business and commercial customers of NatWest and RBS in the UK who are unable to access the financial support they need through traditional funding routes.Read more >>
Research from Collinson Group has revealed what UK financial services customers are looking for when it comes to loyalty programmes.
The research, which surveyed 2,250 consumers across the US, UK, Singapore and the UAE, found that 38 per cent of banking and financial customers in the UK feel as though they are rewarded for their custom.Read more >>
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.Read more >>
Research from jobsite Adzuna has shown an increase in salaries for graduate jobs, with a rise of 2 per cent over the past year.
The research showed that the typical salary for graduates is now just under £24,500, whilst UK salaries have also started to rise again.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
Business valuation expert Company Valuation Services (CVS) has launched an online guide to help UK businesses learn how to increase their potential.
The online guide offers expert advice and guidance for UK businesses to help them boost the value of their company in 12 months.Read more >>
Peer-to-peer invoice finance platform MarketInvoice funded a record £130 million of invoices in the first quarter of 2017, a 160 per cent rise from the first quarter of 2016.
The company also achieved a record high in March, with £54.7 million worth of invoices raised by businesses in the UK being funded.Read more >>
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.Read more >>