An interactive map has revealed previously hidden locations of renewable water source heat which could soon be heating up to one million homes across England.
The innovative Water Source Heat Map has revealed secret energy in over 4,000 rivers, estuaries, canals and coastal sites across the country. Together, these sources could provide over six gigawatts of low-carbon heat to homes and business premises across the country.
Investment in financial technology companies has trebled last year.
The digital revolution in financial services is picking up steam, according to a report from Accenture. Global investment in financial technology businesses tripled to more than $12.2 billion in 2014, up from a little over $4 billion in 2013.
Two global food companies, Kraft and Heinz, are set to merge to create the world’s fifth largest food group.
Kraft’s share price surged after a deal was announced for the group to merge with food giant, Heinz, in a move worth $46 billion that will create the third-largest food and drinks company in the US and the fifth largest in the whole world.
Smaller fintech startups are continuing to compete with the individual services of bigger banks.
The banking industry is under attack from a swarm of smaller fintech firms who are not looking to usurp their places in the banking industry, but are challenging one of the many services that big banks provide.
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.
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.
In this edition of Startup Spotlight, we speak with Ben Tyrrell, Head of MoveHub, a London-based startup dedicated to international removals that has helped over 450,000 people move since its launch last year.
MoveHub is a one-stop shop for people who want to move abroad; our site will tell you everything you need to know about your prospective city from the best residential areas to buy a house in to where to go for the best food to the rankings of local schools and when you are ready to relocate.
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.
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.
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.
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.
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).
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.
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.
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?
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.
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.
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.