LSBF Blog - Global Matters

SMEs confident about financial growth, survey shows

January 18 ,2018 | by Erin O’Neill

SMEs confident about financial growth, survey shows

A survey commissioned by global business analytics firm Dun & Bradstreet and the Small Business Research Centre has found that SMEs are feeling confident about their future despite uncertainties over Brexit.

The research surveyed 505 managers and found that 54 per cent are feeling confident about their future success, whilst 75 per cent are confident that they will achieve financial growth over the next five years.

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Business and finance among most valuable career skills

January 18 ,2018 | by Anisa Choudhary

Business and finance among most valuable career skills

Research from global recruitment firm Michael Page has revealed skills that workers and recruiters believe are the most valuable to careers in 2018. Finance and business skills both make the list.

The research surveyed 1,196 British workers and 240 recruiters.

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British banks could help to boost UK’s productivity growth

January 17 ,2018 | by Erin O’Neill

British banks could help to boost UK’s productivity growth

British banks could help to boost the UK’s productivity growth, according to Bank of England Monetary Policy Committee (MPC) member Silvana Tenreyro.

Delivering her first public speech as an MPC member, Tenreyro said that she believes UK banks have almost recovered from the financial crisis ten years ago, which could lead to a rise in UK productivity as the finance industry’s performance starts to improve.

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Global Accounting Network shows demand for interim accountants

January 16 ,2018 | by Anisa Choudhary

Global Accounting Network shows demand for interim accountants

Figures from finance recruitment agency Global Accounting Network have shown that more businesses are seeking out interim accounting professionals.

Market analysis from the agency showed demand for qualified accountants to work temporarily, on a contract-to-contract basis, increased with a year-on-year rise of 44 per cent.

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London-based banking app gets approval from FCA

London-based banking app gets approval from FCA

A London-based banking app has received approval from the Financial Conduct Authority (FCA) to enable it to provide payment services.

Emma Technologies, which is aimed at millennials, is a mobile-only app that aims to improve the financial wellbeing of its consumers by helping them to save money, track debt and avoid overdrafts.

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Financial services to be a priority in Brexit deal

January 15 ,2018 | by Anisa Choudhary

Financial services to be a priority in Brexit deal

The government will make the UK’s financial services sector a priority in the next round of Brexit negotiations, according to Theresa May.

The Prime Minister met with a number of financial services leaders to discuss the UK’s exit from the EU, with input being provided by bosses from major banks and financial institutions such as HSBC, Barclays, Goldman Sachs, JP Morgan Chase, and Prudential.

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Graduate jobs set to increase in 2018, ISE states

January 15 ,2018 | by Erin O’Neill

Graduate jobs set to increase in 2018, ISE states

A survey from the Institute of Student Employers (ISE) has found that graduate jobs are set to rise across a number of sectors in 2018, with employers expecting to boost their number of graduate job vacancies by 11 per cent.

The annual Student Recruitment Pulse survey asked 103 UK student employers about their hiring intentions for the year ahead and found that the graduate jobs market will be returning to double-digit growth for the first time since 2015.

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Invoice financing reaches record high in UK

January 12 ,2018 | by Anisa Choudhary

Invoice financing reaches record high in UK

Figures from finance and banking trade association UK Finance have shown invoice financing has reached a record high of more than £22 billion.

The figures showed an increase in invoice finance to businesses in the third quarter of 2017, with a year-on-year rise of 13 per cent.

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Online transactions becoming primary method of banking, research shows

Online transactions becoming primary method of banking, research shows

Research from Swiss investment bank UBS has shown that online banking is now becoming a global trend, with more than half of transactions being done digitally.

The study surveyed 24,000 customers in 19 countries and found that 52 per cent of transactions are now carried out online, up from 33 per cent two years ago.

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Finance careers with best pay and work-life balance

January 11 ,2018 | by Erin O’Neill

Finance careers with best pay and work-life balance

Research from salary benchmarking website Emolument has revealed which front office finance careers offer the best pay and work-life balance.

The study surveyed a selection of front office bankers aged between 25 and 40 to find out how satisfied they are with their job and compared this with how much they earn to identify the most rewarding front office finance careers.

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FSB launches financial technology platform for small businesses

FSB launches financial technology platform for small businesses

The Federation of Small Businesses (FSB) has launched a new fintech platform to provide small businesses and self-employed people with more access to funding.

The FSB Funding Platform, which is regulated by the Financial Conduct Authority (FCA) and developed by business finance platform Finpoint, will help potential borrowers get access to funding by matching them with more than 100 providers.

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Increase in demand for finance workers and accountants

January 10 ,2018 | by Erin O’Neill

Increase in demand for finance workers and accountants

The latest IHS Markit/REC Report on jobs has shown that demand for permanent finance workers and accountants increased in December. 

The report also showed that the number of permanent staff placements increased at the fastest rate since August at the end of last year, with agencies reporting strong demand for staff in these sectors.

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Data shows increase in UK banking and finance jobs

January 10 ,2018 | by Anisa Choudhary

Data shows increase in UK banking and finance jobs

Data from totaljobs has shown a record rise in the number of advertised jobs in the UK at the start of 2018, with banking and finance among the sectors that saw an increase.

The figures showed 54,000 jobs were advertised on the totaljobs website between the 1st and 7th January 2018, up by 20 per cent from the same period in 2017.

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Report recommends banking charter to boost financial inclusion

January 09 ,2018 | by Anisa Choudhary

Report recommends banking charter to boost financial inclusion

A report from the London Assembly has called for the creation of a banking charter to ensure all young people in London have a bank account.

The report, entitled Short Changed: The Financial Health of Londoners, focuses on financial inclusion and offers recommendations to help Londoners get more access to high-quality, affordable financial services.

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Lloyds report shows increase in business confidence in London

January 09 ,2018 | by Erin O’Neill

Lloyds report shows increase in business confidence in London

The latest Business in Britain report from Lloyds Bank has shown that business confidence in London has reached its highest level since 2016.

The report surveyed more than 1,500 businesses on their expected sales, orders and profits over the next six months and found that business confidence has risen to 25 per cent, an improvement on figures from July 2017 and after the EU referendum in 2016, when business confidence stood at 20 per cent and just 4 per cent respectively.

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SMEs optimistic about obtaining finance in 2018, report shows

January 08 ,2018 | by Anisa Choudhary

SMEs optimistic about obtaining finance in 2018, report shows

A report from retail bank Aldermore has shown small and medium-sized businesses are optimistic about obtaining finance over the next year.

The Aldermore Future Attitudes report surveyed more than 1,000 business decision-makers across the UK. They found 75 per cent are confident they will be able to access funding to achieve their growth ambitions, up from 63 per cent in Q4 2016.

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UK fintech sector led way for VC investment in 2017

UK fintech sector led way for VC investment in 2017

Figures compiled by Pitchbook for London & Partners show that the UK’s fintech sector led the way for VC investment in 2017, attracting a record £1.34 billion in funding.

Fintech start-ups in London were the main driver of the record figure, accounting for more than 90 per cent of all funding raised by the UK’s financial technology companies last year.

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Research reveals top industries for UK professionals in 2018

January 05 ,2018 | by Anisa Choudhary

Research reveals top industries for UK professionals in 2018

Research from CV-Library has revealed the top industries that UK professionals who are looking to start a new career in 2018 should consider, with education and accounting making the list.

The UK job board found 75.7 per cent of UK professionals would change their career if they had the chance, while 39.9 per cent are unhappy in their current job role.

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Junior employees most likely to search for new work

January 04 ,2018 | by Anisa Choudhary

Junior employees most likely to search for new work

Research from employee engagement company Qualtrics has found workers in junior positions are most likely to search for a new job at the start of the New Year.

The Qualtrics Employee Pulse report, which is released quarterly and surveys more than 4,000 workers, found workers under 35 are among those most likely to leave their job in January. 

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Data shows increase in UK advertised salaries

January 03 ,2018 | by Anisa Choudhary

Data shows increase in UK advertised salaries

Data from Adzuna has shown a year-on-year increase in average UK advertised salaries for the first time since June 2015.

Average advertised salaries increased by 1.2 per cent from November 2016 to £32,598, while London saw the biggest improvement in average salary, with an annual rise of 2.2 per cent to £39,457.

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Moneywise reveals top 2018 financial resolutions for UK adults

January 02 ,2018 | by Erin O’Neill

Moneywise reveals top 2018 financial resolutions for UK adults

Research from financial advice website Moneywise has revealed the top financial goals of its users for 2018. 

The website provided its users with 13 financial goals to find out which ones they would be making a priority in the New Year.

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Business confidence stabilises in UK, Lloyds Bank report shows

January 02 ,2018 | by Anisa Choudhary

Business confidence stabilises in UK, Lloyds Bank report shows

Lloyds Bank’s Business in Britain report from early 2017 has shown confidence among stabilised at the start of the year after a dip in the summer.

The report’s confidence index increased to 14 per cent, up from 12 per cent in September in the previous year.

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More than 30% of millennials plan digital currency investments

January 01 ,2018 | by Anisa Choudhary

More than 30% of millennials plan digital currency investments

Research commissioned by London Block Exchange (LBX) has found that 33 per cent of millennials will have invested in digital currency by the end of 2018.

The study, which was carried out by Opium Research, surveyed 2,000 Britons and showed a significant increase in the number of young adults planning to invest in digital currency. 5 per cent of millennials already do this.

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Cyber security the biggest priority for finance firms

Cyber security the biggest priority for finance firms

Research commissioned by digital workplace provider Invotra has found that 85 per cent of senior managers in the financial services industry consider data and security systems to be their top priority after sophisticated cyber-attacks were revealed to be their biggest fear for 2018.

The survey of 504 senior managers found that despite cyber-attacks being a top concern in the financial sector, confidence is at a high amongst financial services professionals, with 94 per cent believing that they are well-equipped to defend against attacks.

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Millennial workers are the biggest savers, research shows

December 29 ,2017 | by Anisa Choudhary

Millennial workers are the biggest savers, research shows

Research from Close Brothers and the Pensions and Lifetime Savings Association (PLSA) has found that millennial workers are saving more money than other generations.

The Lifetime Savings Challenge Report 2017 found that millennials working for companies with over 200 employees are saving an average of nearly £400 more per year in non-pension savings than Generation X workers.

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