LSBF Blog - Global Matters

Research shows increase in UK salaries

December 05 ,2017 | by Erin O’Neill

Research shows increase in UK salaries

Research from CV-Library has shown an increase in salaries across the UK, with a rise of 1.3 per cent last month compared with October.

The latest job market data also showed a rise of 1.9 per cent in salaries in November since the previous year, with many key sectors seeing growth.

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London remains top for entrepreneurship, according to index

London remains top for entrepreneurship, according to index

The latest Barclays Entrepreneurs Index has shown London continues to be the UK’s top city for entrepreneurship, with the number of high-growth businesses in the city increasing by 9 per cent year-on-year.

The annual index showed that the city accounts for 37 per cent of the UK’s high-growth companies and also has the highest overall number of private equity-backed companies at 204.

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Financial firms to continue hiring despite Brexit

December 04 ,2017 | by Anisa Choudhary

Financial firms to continue hiring despite Brexit

Research from recruitment company Hays has shown two-thirds of financial firms will go ahead with their recruitment plans in 2018, despite Brexit.

The research surveyed more than 900 UK employees and employers from the banking and finance sectors.

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SMEs accounted for 60% of private sector employment

December 04 ,2017 | by Erin O’Neill

SMEs accounted for 60% of private sector employment

The Department for Business, Energy and Industrial Strategy (BEIS) has estimated that small and medium-sized businesses in the UK accounted for 60 per cent of employment in the private sector in the past year.

The figures showed that the number of SMEs in the UK has hit a record high of 5.7 million, up by 200,000 from last year and an increase of 2.2 million since the start of the millennium.

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Digitisation of traditional banks drives opportunities for finance brokers

December 01 ,2017 | by Anisa Choudhary

Digitisation of traditional banks drives opportunities for finance brokers

Emerging banking technology is creating opportunities for finance brokers, according to asset finance company Copernicus.

The company said finance brokerages in the UK can offer personalised services by investing in better technology.

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Citi Microentrepreneurship Awards celebrate responsible business finance sector

December 01 ,2017 | by Erin O’Neill

Citi Microentrepreneurship Awards celebrate responsible business finance sector

Sixteen businesses that have accessed responsible business finance have been announced as finalists at the Citi Microentrepreneurship Awards.

The awards, which are run by the Citi Foundation in partnership with Responsible Finance, are a celebration of the best emerging micro-entrepreneurs and the responsible business finance providers that support them

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85% of Britons want to start a business

November 30 ,2017 | by Erin O’Neill

85% of Britons want to start a business

Research from Huawei has found that 85 per cent of people in Britain want to set up their own business, with 77 per cent planning to pursue their goals in 2018.

The study surveyed 5,000 people across the UK and revealed which cities are leading the way when it comes to career goals.

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APSCo figures show increase in permanent contractor placements

November 30 ,2017 | by Anisa Choudhary

APSCo figures show increase in permanent contractor placements

Demand for permanent professionals increased in October, with an annual rise of 0.2 per cent in vacancies, according to the latest figures from the Association of Professional Staffing Companies (APSCo).

The data, which concentrates on professional recruitment, showed that while demand fell across all of APSCo’s core sector groups, permanent placements increased across a number of sectors.

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Urgent need for improved financial advice for UK adults

November 29 ,2017 | by Erin O’Neill

Urgent need for improved financial advice for UK adults

Research conducted for the Nottingham Building Society has shown that UK adults need more access to financial advice on how to save their money, with more than 20 per cent believing that they are not saving enough.

The research surveyed more than 1,000 adults aged 18 and over and found that young people are the most affected, with 30 per cent of under 35s believing that they are not saving enough as a result of not having enough access to financial advice, compared to just 12 per cent of adults aged over 55.

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Report shows increase in consultant spending among banks

November 28 ,2017 | by Anisa Choudhary

Report shows increase in consultant spending among banks

A report from research and strategy firm Source Global Research has shown banks increased spending on consultants in 2016, with a growth of 8.4 per cent globally.

The Financial Services Consulting Market 2017 showed spending increased to £10.2 billion. Spending was up by 8.3 per cent in the global financial services industry, with the UK, US, and DACH being the biggest spenders.

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Industrial Strategy to boost skills and training in UK

November 28 ,2017 | by Erin O’Neill

Industrial Strategy to boost skills and training in UK

The Government’s Industrial Strategy has been launched to help boost skills, training and research in the UK.

Over the next three years, £725 million will be put towards the Industrial Strategy Challenge Fund to help make the UK the most innovative nation in the world by 2030.

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Big Four firms sign up to Tech Talent Charter

November 27 ,2017 | by Anisa Choudhary

Big Four firms sign up to Tech Talent Charter

Professional services and Big Four firms Deloitte and PwC have joined an initiative that aims to boost the number of women in the technology industry.

The companies join 88 other firms that have signed the Tech Talent Charter, including banks and technology firms such as Lloyds Bank, Nationwide Building Society, Dell, and HP.

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Starling Bank and Yoyo Wallet put open banking into action

November 27 ,2017 | by Erin O’Neill

Starling Bank and Yoyo Wallet put open banking into action

Starling Bank has teamed up with mobile payment and loyalty platform Yoyo Wallet to give customers the opportunity to benefit from loyalty reward programmes from specific retailers whenever they make payments through Starling.

The challenger bank is the first bank in the UK to fully comply with the PSD2 EU-wide directive, which is a new open banking rule set to be introduced early next year that will enable consumers to select which third-party providers they wish to share their data with.

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Graduates want clear career prospects, according to research

November 24 ,2017 | by Anisa Choudhary

Graduates want clear career prospects, according to research

Graduates are more drawn to companies that offer clear career prospects, according to research from GTI.

The study surveyed 949 students and recent graduates and questioned them about career expectations and what they look for in an employer. The results found more than 50 per cent favour employers that offer career progression opportunities.

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Enhancing skills could help boost UK growth, according to research

November 23 ,2017 | by Anisa Choudhary

Enhancing skills could help boost UK growth, according to research

Lifelong learning and better career guidance could help boost growth and productivity in the UK, according to a report from the OECD.

The report, entitled Getting Skills Right: United Kingdom, showed 42 per cent of adults have a tertiary degree, compared to 34 per cent across the OECD. This suggests that an increasing number of people in the UK are completing higher education.

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Financial services firms publish collaboration guide for fintech businesses

November 22 ,2017 | by Anisa Choudhary

Financial services firms publish collaboration guide for fintech businesses

A new guide has been published to show how the collaboration of fintech firms and banks could help improve the financial services industry and strengthen the UK’s position as a global fintech leader. 

The guide, entitled Transformation and innovation: a guide to partnerships between financial services institutions and finTechs.

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Fintech businesses have most ambitious fundraising plans, research shows

November 22 ,2017 | by Erin O’Neill

Fintech businesses have most ambitious fundraising plans, research shows

Fintech businesses are the most ambitious when it comes to their fundraising plans, according to a report from professional services and Big Four firm EY.

The EY Fast Growth Tracker surveyed hundreds of UK entrepreneurs about their future funding plans and found that 34 per cent of fintech firms are aiming to raise £5 million for their next fundraising round.

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UK universities commit to online learning

November 21 ,2017 | by LSBF Blog Staff

UK universities commit to online learning

Last month, Times Higher Education reported that they expect over half of the 120 mainstream UK universities to commit strategically to online learning in the coming year.

It seems to mark a moment of intensifying e-learning growth in the UK - even more so as institutions aim to reach out to the global marketplace.

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UK Living Wage rises by 3.6 per cent

November 21 ,2017 | by Anisa Choudhary

UK Living Wage rises by 3.6 per cent

At least 150,000 workers in the UK are set to receive an increase in pay after The Living Wage Foundation announced a 3.6 per cent rise in the UK Living Wage.

The new UK rate is now £8.75 per hour, up from £8.45 and £1.25 more than the minimum wage.

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NatWest launches software robots to help consumers make investments

November 21 ,2017 | by Erin O’Neill

NatWest launches software robots to help consumers make investments

NatWest is to help its customers achieve their financial goals by launching an automated investment advice service.

NatWest Invest is an online platform that enables the bank’s customers to receive advice and keep track of their investments, with the service being available to customers that have a minimum of £500 to invest.

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ICAEW to help accountants become personal finance directors

November 20 ,2017 | by Erin O’Neill

ICAEW to help accountants become personal finance directors

The ICAEW is to launch a new initiative that will provide chartered accountants with the opportunity to become personal finance directors.

The initiative will consist of an online community that will offer access to all areas of financial planning to help chartered accountants boost their knowledge and place them in a position where they are able to offer financial support to SME owners and managers.

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Millennials favour Big Four firms and large businesses

November 20 ,2017 | by Anisa Choudhary

Millennials favour Big Four firms and large businesses

Research from the Association of Chartered Certified Accountants (ACCA) has revealed the most popular sectors that millennials working for small-medium businesses would like to move to.

Big Four firms and large businesses both topped the list at 21 per cent.

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LinkedIn launches career advice feature in UK

November 17 ,2017 | by Erin O’Neill

LinkedIn launches career advice feature in UK

LinkedIn has launched a new feature to help its members to connect with professionals and receive or give careers advice on topics such as changing careers and career development.

The business-orientated social networking website first launched Career Advice in San Francisco and Australia earlier this year and is now rolling out the feature to the UK, US and India, with a global launch planned in the coming months.

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50% of UK workers want further training, research shows

November 17 ,2017 | by Anisa Choudhary

50% of UK workers want further training, research shows

Research from online training platform Course Library has found 50 per cent of UK workers want employers to make a greater investment in further training in boosting digital skills.

The study of 1,000 adults aged between 18 and 64 found that while the majority of UK businesses are not doing enough to provide training, UK workers have a strong interest in boosting digital skills.

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Accountancy jobs rise as businesses search for professionals

November 16 ,2017 | by Anisa Choudhary

Accountancy jobs rise as businesses search for professionals

The number of accountancy jobs has increased as businesses search for professionals to fill roles in the sector, according to a survey from recruitment consultant Robert Walters.

The survey showed that demand for accountancy professionals has remained strong throughout 2017, with the number of job roles in the UK rising by 15 per cent in the third quarter of the year.

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