UK government uses the Queen’s Speech to unveil pro-business measures for the coming year.
It’s one of the highlights of the Westminster calendar, when the Queen descends on the House of Lords to unveil the government’s plans for the coming session.
Behind the pomp and ceremony of the most glamorous event that takes place in the Houses of Parliament, decision-makers have been working tirelessly on a list of measures that David Cameron described as “unashamedly pro-business”.Read more >>
Crowdfunding has grown considerably in the years since the financial crisis, and businesses are reaping the rewards of this alternative source of finance.
The years since the financial downturn have seen a considerable rise in the number of new businesses and self-employed people, both in the UK and around the world. Yet at the same time, low confidence and reluctance on the part of many banks to lend to riskier businesses has made it much harder for some small firms to obtain finance.
It is hardly surprising that companies have shown more and more interest in alternative forms of finance.Read more >>
A new report shows that meeting the world’s energy needs could come at a much higher cost than most people might have imagined.
As the population grows and developing economies become more industrialised, the world’s energy needs are increasing every day. Yet governments are keenly aware that fossil fuels will run out eventually, and pressure is rising to make renewable energy more common and affordable.
But a new report from the International Energy Agency (IEA) indicates that meeting the world’s energy needs might be even more costly than we thought.Read more >>
Web users need to tighten up their security to protect against another new bug – GameOver Zeus, the National Crime Agency has warned.
Consumers have heard plenty of stories about online security in the past few months. But after the Heartbleed bug and eBay getting hacked just last month, the UK National Crime Agency (NCA) has once again urged consumers to rethink their security settings since another new bug has emerged.Read more >>
Apple has announced new cloud and messaging developments aimed squarely at some of its key competitors.
Apple has announced a raft of new features for its software platforms, all of which appear to be aimed at getting ahead of major competitors such as WhatsApp and cloud-based file-sharing service Dropbox.
Speaking at the Worldwide Developer Conference on 2 June, senior vice-president of software engineering at the firm Craig Federighi told the audience that the upcoming OS X update will include some significant additions to messaging and cloud services.Read more >>
Consumers are turning away from cash to use other means of payment, data shows.
Cash has been the principal method of payment in the UK for centuries, but the advent of new technologies means that this is slowly changing.
According to figures published yesterday by the British Retail Consortium (BRC), shoppers in the UK are actually using less cash than ever before as they turn to alternative payment methods. In fact, the proportion of sales transactions conducted in cash declined by 3.3 per cent last year compared to 2012. As a percentage of total sales turnover, cash transactions slipped by 4.5 per cent.Read more >>
Finance is at the forefront of an upturn in graduate recruitment this year, according to new figures.
It’s an anxious time of year for many students, as exams give way to the inevitable period of waiting before results are published. In spite of the career advantages that a degree can bring, too, many will also be worrying about finding their first job. But for those who are concerned about their employment prospects once they graduate, some good news has appeared over the horizon.Read more >>
Welcome to our news round-up for May 2014. In this round-up of the most important business news from around the world, we point you to some of the biggest news stories that have had people talking during the past month.Read more >>
Lloyds Banking Group has hired a top female executive as it pushes towards its goal of increasing female representation in leadership roles.
The group has continued with its plans to hire more women in senior roles last week, after it announced the appointment of another top female executive.
Mary Hall will become the new group audit director at the firm, one of its most senior roles. She will also become the second most senior women in the organisation after Alison Brittain, who runs the bank’s retail side.Read more >>
Argentina may have established a path back into the global community with a plan to settle its debts.
The terms of the deal make clear that the nation will pay off some $10 billion in arrears over a period of five years, with the first repayment due in May 2015.Read more >>
Twitter founder Jack Dorsey’s payment platform startup Square has announced that it plans to start a credit service to give small firms and businesses, and SMEs in general, a boost.
The past few years have seen an explosion in alternative finance. As firms have been forced to look away from banks and traditional lenders for credit, the likes of crowdfunding and venture capital have shot up in popularity.
Now, mobile payments platform Square has announced it plans to start offering its own small credit service.Read more >>
Vacancies for graduates in the UK are increasing, figures show, prompting an uptick in hires.
The past few years have been tough for graduates seeking their first roles after university. An increase in the number of people pursuing further study and an economic downturn that put businesses off hiring new staff has kept competition fierce, though it varies from sector to sector.
But figures released on 28 May show that hiring intentions are finally increasing for graduates.Read more >>
Small businesses across the country are getting close to growth rates seen in London.
Businesses in the UK have often said that they are concerned about the dominance of London when it comes to economic growth.
But while companies in the capital remain ahead overall, a report in the Telegraph shows that some smaller businesses across all regions are not far behind London firms’ success.Read more >>
Lloyds Banking Group has confirmed that it will be selling off a 25 per cent stake in TSB next month.
The London Stock Exchange has seen a flurry of flotations recently, but the latest company to have announced its intention to list is set to be one of the most closely watched this year.
To comply with the divestment that was mandated by the European Union, Lloyds Banking Group has confirmed that it is planning to sell the first round of shares in TSB next month.Read more >>
UK Trade and Investment (UKTI) has announced its plan to open a series of business centres across Pakistan in a bid to encourage trade.
The government has been trying to rebalance the UK economy in favour of manufacturing and exports to kickstart a fresh period of economic growth. Now, the body set up to encourage greater trade with foreign markets has taken another step towards closer trading links between the UK and Pakistan.Read more >>
Spain and Greece were among the eurozone countries that suffered the most during the recession. Both have had their credit ratings raised last week.
The past few years have seen many European economies take serious hits as a result of the economic downturn. But for Spain and Greece, news emerged on 23 May that may give their slow recoveries a much-needed boost – both have had their credit ratings upgraded.Read more >>
European Union (EU) and United States (US) officials are involved in a new round of talks to establish a huge new trade deal. After remarkable results in the latest European Parliament elections, what will this mean for businesses?
This week has seen the launch of a new wave of talks to create the biggest trade deal in history. Officials from the world’s two most developed economies, US and EU, are coming together to discuss the Transatlantic Trade and Investment Partnership (TTIP).
Both governments claim that TTIP would lead to huge economic benefits for each side. So what is this vast agreement and where could it lead?Read more >>
A raft of companies have announced plans to list in London over the past few days and weeks.
London has been a global financial centre for centuries, but the past few weeks have seen its status cemented as a wave of companies have announced that they plan to pursue initial public offerings (IPO) on London’s stock exchanges.Read more >>
Strict licensing rules may be in place, but small and medium enterprises (SME) can still use the World Cup as a major opportunity.
It’s one of the biggest sporting events on earth, but although it arrives only once every four years, many smaller businesses tend to dread the Fifa World Cup.Read more >>
E-commerce giant eBay has had to ask 128 million active users to change their passwords after it emerged that it had fallen victim to a cyber attack and its database had been compromised.
Since it emerged that many of the web’s biggest sites had been hit by the Heartbleed bug, potentially compromising a vast amount of personal data, web users have been even more concerned about where the next big data breach was coming from.
But on 21 May, eBay admitted that not even the e-commerce giant itself was immune, after it emerged that one of its databases was compromised during late February and early March.Read more >>
After a strong set of financial results, Burberry has announced that it plans to continue focusing on achieving growth in Japan.
Burberry has become one of Britain’s most recognisable luxury brands in markets around the world. But now that it has put a troubling few years behind it with strong financial results, it plans to continue seeking out overseas growth.Read more >>
A new body – Banking Standards Review Council (BSRC) – will monitor standards in the UK banking industry, it has been announced after Sir Richard Lambert’s report.
The past few years have been difficult to say the least for the banking industry. With the Libor-fixing scandal, mis-selling of payment protection insurance (PPI) on loans, million-pound bonuses and the headlines that came out of the credit crunch, public trust in banks has slumped and it is agreed by the majority that something has to change.Read more >>
The London Stock Exchange (LSE) could be set to buy Russell Investments in a deal worth as much as $3 billion – the biggest in the exchange’s history.
Few entities have had as much significance in global finance as LSE, which has played a central role in money markets for more than two centuries. But today it has announced its intentions to stay at the forefront of global finance, after entering into $3 billion talks to acquire Russell Investments.Read more >>
AstraZeneca has rejected what Pfizer says is its “final offer” in their ongoing talks to acquire the UK firm. What next?
AstraZeneca and Pfizer have been trapped in a stalemate for the past couple of weeks over the US pharmaceutical firm’s bid to acquire its Anglo-Swedish rival. But it seems the UK firm is determined to remain independent, having confirmed that it has formally rejected Pfizer’s final proposal for acquisition.Read more >>
Microsoft has established a huge accelerator programme to give promising new firms a headstart.
In the last few years the tech industry has been dominated by acquisitions. In the past few months Facebook has acquired WhatsApp and Oculus, Yahoo has been on a spending spree since Marissa Meyer took over and Googleapparently spent $17 billion in the two years to January – a figure which seemed huge until the WhatsApp deal.Read more >>