When businesses are starting out it’s crucial they get to grips with numbers. Firms will need to know their outgoings and levels of earnings in order to calculate profit. However, it’s not always as easy as that.
According to Startups.co.uk, successful managers will focus on a broad range of metrics. Here, we have outlined the six most important for managers to understand.Read more >>
The O2-Hutchison Whampoa deal, set to be finalised in the near future, will create the UK’s largest mobile group.
Hutchison Whampoa has reached a “definitive agreement” with Telefonica to buy its O2 mobile phone network for £10.25 billion, in a move that will create the UK’s biggest mobile operator.
The decision follows on from weeks of negotiations that were first announced in late January, and is the latest buy in a spending spree by Li Ka-shing, owner of Hutchison Whampoa.Read more >>
Women make up less than a quarter of FTSE 100 directors. While the representation of women in the boardroom has increased slowly, how can more women be encouraged to reach for the top?
The Women and Work Commission recently found that if all women were able to perform to their full potential, they could contribute approximately £23 billion to the economy. Additionally, research conducted by McKinsey & Company found that companies with more women on their boards significantly outperform companies with no female representation.Read more >>
Economic growth in Asia will remain strong this year and the next, according to a recent report.
According to the latest report from the Asian Development Bank (ADB), the developing economies of Asia are set to see robust growth in 2015/16 as the global recovery gains traction and commodity prices remain depressed. It forecasts that there will be steady growth of 6.3 per cent this year and the next, with inflation slowing down to 2.6 per cent in 2015.Read more >>
The launch of three new business accelerators is planned in Bristol, Leeds and Brighton.
Three new business accelerators will open in Bristol, Leeds and Brighton, offering free services to 80 entrepreneurs in each city. The programme comes from Entrepreneurial Spark in conjunction with NatWest, and builds upon the success of their first accelerator in Birmingham earlier this year.Read more >>
Dell is launching a competition to search for their next ‘Startup-in-Residence’.
Computer giant Dell has begun the search for an innovative early stage startup to take up residency at its UK headquarters as part of its latest Startup-in-Residence initiative.Read more >>
Do holidays have an adverse effect on work-from-home entrepreneurs? We look at the positives and negatives of home-run businesses.
According to the BIS Business Population Estimates and BIS Small Business Survey, there are around 2.9 million UK residents running businesses from home.Read more >>
This year has seen some interesting additions to the UK Basket of Goods – and the removal of some others. We look at what the ‘basket of goods’ entails.
Beginning in 1947, the UK Basket of Goods was created by the Office for National Statistics to calculate inflation. It is also used as a useful reflection of society’s changing buying habits, technological improvements and attitudes, with the basket being revised each year to represent what people in the UK are buying.Read more >>
The second most populous nation in the world is thought to be the fasting growing too.
India is set to surpass China this year as the world’s fastest growing large economy, according to Christine Lagarde, head of the International Monetary Fund (IMF). And now, following a spate of statistical revisions, data backs this claim up.Read more >>
The importance of Asian financial hubs continues to increase and narrow the gap with cities from the West.
Cities in Asia continue to demonstrate their importance as global financial centres and are fast taking on the well-established hubs in the West. Such Asian cities as Hong Kong, Singapore, and Seoul are closing fast on their Western competitors, according to the latest Global Financial Centres Index (GFCI).
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How a number of e-commerce sellers have become millionaires.
Online marketplaces foster a growing number of e-commerce businesses, and some are finding staggering success.Read more >>
Increased internet and social media usage in developing countries might be beneficial to their economies, suggests Pew Global research.
Recent research from Pew Global has shown that people in developing countries believe that the internet and social media is having a positive effect on their economy, with 52% saying that it is a good influence.Read more >>
Lloyds and TSB have agreed to a £1.7bn takeover by the Spanish Banco de Sabadell.
TSB, which rejoined the stock market less than a year ago, has agreed to a £1.7 billion takeover by Spanish bank Sabadell. The deal will also see Lloyds sell its remaining 50 per cent stake in TSB to Sabadell for 340p per share.Read more >>
An alternative lending startup has received $40 million in Series B round funding.
The rise of financial tech startups has been a hot topic of late as a number of schemes, both government and private, have been set up to support these budding new businesses. However, few small and medium-sized enterprises (SMEs) take it upon themselves to raise money in order to fund others - but that’s what FundBox aims to do.Read more >>
Five top innovative startups have emerged from this year’s Cleantech Forum in San Francisco.
The theme of this year’s Cleantech Forum centred around the adoption of renewable energy, and how utilisation of the cloud, big data, and the internet of things could help further this goal.Read more >>
The US central bank changed its stance on rate increases, but how will it affect the economy and businesses?
After years of rock-bottom rates the US Federal Reserve has finally modified its stance on interest rates and opened the door to a potential hike this year, perhaps even as early as June, although the likelihood remains rather low. An increase in interest rates is definitely on the US horizon, but how will this impact the American economy?
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OECD’s latest growth forecasts puts UK economy in second place out of G7 nations.
According to forecasts from the Organisation for Economic Cooperation and Development (OECD) the UK’s economy is set to record the second fastest growth rate in 2015 out of the G7 countries. Economic growth in the US is predicted to take the top spot, with Britain coming next, despite a slight downgrade to expectations.Read more >>
The British economic recovery was further showcased by the latest round of labour data.
Britain’s healthy economy received another boost on Wednesday after labour figures showed a record number of UK residents are in work. It’s welcome news for Chancellor George Osborne ahead of May’s general election, and great news for the economy.Read more >>
With the chancellor’s 2015 Budget revealed this week, what effect will it have on UK residents and businesses?
In the run up to the Budget, Chancellor George Osborne promised ‘no giveaways and no gimmicks’. But has he done enough to persuade voters that all the books have been well and truly balanced, in what is likely to be his last chance to boost his reputation ahead of the election?
Here is a rundown of Wednesday’s announcements and how they will affect businesses.Read more >>
The growing prevalence of cyber security threats has been highlighted at Gartner’s Identity and Access Management (IAM) summit 2015.
At the London-based event the research group outlined how it believes in the likelihood that companies will end up having to utilise cloud-based security services in order to focus on bigger issues.
As we’ve noted before, cyber security is one of the biggest challenges facing the modern business. There are existing schemes ensuring that small and medium-sized enterprises (SMEs) are better prepared for digital threats.Read more >>
Apprentices across the UK are set to see their pay boosted by a fifth this October.
The 20 per cent increase on apprentice pay packets has been announced following the rise in the national minimum wage, with the British government exceeding the recommendations for apprentice pay from the Low Pay Commission (LPC).
The LPC suggested a 7p increase in the hourly rate for apprentices, which applies to those aged 16 to 18 and those that are aged 19 or over and in their first year. However, the government has managed to secure an increase of 57p an hour in the trainee rate.Read more >>
The number of job vacancies in the City of London is almost double the amount of people seeking employment there, according to recruiter, Robert Walters.
Robert Walters claims that London’s financial district has more jobs available than candidates to fill the positions. The recruiter noted that the shortage of jobseekers could prevent finance firms from achieving their full growth potential unless more workers are encouraged to change jobs.Read more >>
Recent research has shown that the London startup scene is likely to grow to record levels in 2015.
A combination of research from Startup Britain has highlighted that UK startups enjoyed a record-breaking year in 2014, particularly in the London tech sector, which bodes well for their performance in 2015.
Startup Britain, run by the Centre for Entrepreneurs think tank, found that 581,173 businesses were registered with Companies House in 2014, which easily surpassed the previous record of 526,446 in 2013. Furthermore, nearly a third (32 per cent) of these businesses were set up in London, illustrating the importance of the UK capital as a hub for entrepreneurial activity.Read more >>
Experts from the EU and UK head to India on a mission to give green guidance to SMEs.
Green initiatives will be introduced to India following a project with backing from the UK’s Aston University and Kolkata’s Jadavpur University.
The project will bring experts from the UK and the EU to India to bring their expertise and knowledge of best practices in the supply and value chain.Read more >>
Study finds business performance is linked to the number of women on the board.
The number of women on the board of a company can be correlated with business performance, according to a recent study. The report, Diversity Matters: Adding Colour to Boards in APAC, found that businesses with at least a tenth of board positions taken by women see, on average, a 3.6 per cent higher return on equity (ROE).Read more >>