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LSBF Blog - Global Matters

Battle ahead for businesses as Sunday trading law changes look likely

August 07 ,2015 | by Thiago Kiwi

Battle ahead for businesses as Sunday trading law changes look likely

For the past twenty years, trading laws in the UK have meant that larger stores can only open during restricted hours on Sundays for a maximum of 6 hours.

The measures were introduced to safeguard shop workers' leisure time, but now new changes look likely to change the face of weekend shopping for many Britons.

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Graduates from private schools get high salaries, reveals research

August 07 ,2015 | by Helen Gould

Graduates from private schools get high salaries, reveals research

A new report has revealed that privately-educated graduates earn more than their state-educated peers do only six months after leaving university, and the gap continues to increase up to three-and-a-half years after leaving.

The research from the Sutton Trust and upReach found that fee-paying school students who achieved a degree soon took home almost £4,500 more than other graduates.

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Rolls-Royce wins multi-billion-dollar Canadian contract

August 06 ,2015 | by Erin O’Neill

Rolls-Royce wins multi-billion-dollar Canadian contract

Iconic British firm Rolls-Royce is taking a leading role in a nuclear decommissioning contract in Canada worth billions of dollars.

Now industry insiders believe the company may be set for a similar bid for lucrative business in the UK.

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More people in UK working night shifts, shows research

August 06 ,2015 | by Helen Gould

More people in UK working night shifts, shows research

New research from the TUC reveals that the number of people working night shifts in the UK is rising.

The new report comes as London Underground workers are set to take strike action over proposals to introduce all-night services

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Netflix announces unlimited parental leave for staff

August 06 ,2015 | by Claire Payne

Netflix announces unlimited parental leave for staff

Online streaming service Netflix is not just shaking up the film and TV industries with its business model, it is also taking a fresh look at working practices for employees too.

The company has announced plans to let parents take “unlimited” parental leave for the first year following a new addition to the family.

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British confidence in economic growth at 5 year high, shows study

August 05 ,2015 | by Hari Sri

British confidence in economic growth at 5 year high, shows study

A new poll from Ipsos Mori has revealed that British people have more confidence in the economy than at any point in the last five years.

Currently, half of the respondents said they felt positive about the state of the UK's finance. This is a dramatic rise compared to two and a half years ago, when only 13 per cent felt the same way.

Based on the 24 countries covered by the survey, it was found that 40 per cent of citizens had confidence in their nation’s economy. This means the UK is performing above the average in this area. The global average has also risen significantly since November 2012, when only 25 per cent said they were confident about their country’s finances.

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Small business investment schemes need more exposure, says IoD

Small business investment schemes need more exposure, says IoD

More people are using investment schemes like SEIS and EIS to invest in small businesses, but there is potential for further growth.

A growing number of small and medium-size enterprises are taking advantage of government schemes designed to make it easier to attract investors, but there is still a lot of untapped potential that firms are missing out on.

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US GDP growth prompts Fed interest rate hike speculation

US GDP growth prompts Fed interest rate hike speculation

Strong gross domestic product figures have prompted suggestions that the US Federal Reserve will raise interest rates later this year.

The likelihood of interest rates in the US rising later this year has increased following the release of upbeat economic data.

Figures released by the Commerce Department revealed gross domestic product expanded at 2.3 per cent annual rate, with weak business spending on equipment offset by strong consumer spending.

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PM Cameron backs fintech manifesto that promises 100,000 jobs by 2020

July 30 ,2015 | by Hari Sri

PM Cameron backs fintech manifesto that promises 100,000 jobs by 2020

UK prime minister David Cameron has backed a new manifesto for the fintech industry from Innovate Finance, which, among other things, promises 100,000 new jobs in the sector by 2020.

David Cameron has given his backing to a new manifesto from Innovate Finance, detailing how it intends to bring the UK to the forefront of the financial services technology industry.

Innovate Finance, which is the trade body for the fintech industry, wants the UK to become the most investment-friendly environment for fintech worldwide by 2020.

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FTSE boosted by takeover deal news

July 29 ,2015 | by Claire Payne

FTSE boosted by takeover deal news

News of confirmed and potential takeover deals have boosted the FTSE 100.

Takeover deals are back at the forefront of investors' minds today (July 29th), following news that acquisitions are set to take place involving UK firms.

Hikma, the pharmaceutical group, has purchased a US drugs company for £1.7 billion, while manufacturing business acquisition specialist Melrose revealed it is to sell portfolio company Elster for £3.3 billion.

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Chinese stocks face sell-off fears as remedial measures fail

July 28 ,2015 | by Erin O’Neill

Chinese stocks face sell-off fears as remedial measures fail

Measures designed to provide the market a boost have failed in China, triggering renewed stock sell-off fears.

Beijing is struggling to calm the markets as China's financial woes continue.

Shares were down by more than 8% yesterday (July 27th), and this has been compounded by a 1.7% loss today. The situation has raised concerns about the potential for a market meltdown.

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PM Cameron looks to boost Asia trade as UK economy gains momentum

July 27 ,2015 | by Hari Sri

PM Cameron looks to boost Asia trade as UK economy gains momentum

UK prime minister David Cameron is in South-East Asia to boost trade links, helping to further boost a UK economy that is expected to have seen more growth in the second quarter of 2015.

The prime minister has embarked on a trade tour of South-East Asia as he looks to boost trade relations in the region.

David Cameron arrived in Indonesia today (July 27th) accompanied by a delegation of around 30 British business leaders as he looks to form relationships between UK companies and growing Asian markets.

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Amazon overtakes Walmart to become biggest in US retail market

July 24 ,2015 | by Thiago Kiwi

Amazon overtakes Walmart to become biggest in US retail market

Walmart lags behind Amazon in the US retail market after the online retailer posted surprising financial results for the second quarter.

An unexpected rise in profit means Amazon has overtaken Walmart to become the largest retailer by market capitalisation in the US.

Shares in the online retailer jumped in aftermarket trading on Wall Street yesterday (July 23rd) after it posted quarterly results that surpassed analysts' expectations.

Revenue for the second quarter rose 20 per cent year-on-year to $23.2 billion (£14.9 billion) - exceeding the $22.4 billion average forecast that has been predicted by analysts, the Financial Times reports.

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European stock markets boosted by listed companies reporting strong earnings

July 23 ,2015 | by Hari Sri

European stock markets boosted by listed companies reporting strong earnings

Strong results from Credit Suisse and Unilever have helped boost European stock markets.

Stock markets across Europe rose today (23 July) after several major listed companies reported strong earnings figures.

There were early-morning gains for Germany's DAX, the FTSE 100 and France's CAC, as investors reacted positively to financial results from firms such as Unilever and Credit Suisse.

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Business urged to attend UKTI 'ExportJam' to spur British exports

Business urged to attend UKTI 'ExportJam' to spur British exports

UK Trade and Investment is running nine events around the country aimed at helping businesses break into overseas markets.

UK businesses operating in international markets will have the opportunity to share their ideas on exporting at a series of new events organised by UK Trade and Investment (UKTI).

The body will be running nine ExportJam workshops across the country later this month, with the aim of looking at how the government gives support to companies that sell goods and services around the world.

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City growth boosts UK financial services trade surplus to £62bn

July 21 ,2015 | by Hari Sri

City growth boosts UK financial services trade surplus to £62bn

The City of London's growth has helped Britain's financial services trade surplus in 2014 to rise to £62 billion.

London's financial district has been a key player in making the UK the world's biggest exporter of financial services.

UK recorded a trade surplus in financial services of £62 billion in 2014, it's highest ever, according to TheCityUK.

With other related professional services - such as accountancy, legal services and management consultancy - taken into account, the figure rose to £71 billion, helping to offset the increasing trade in goods deficit see in the UK economy.

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UK company dividends surge to £28bn, hit highest levels since 2007

UK company dividends surge to £28bn, hit highest levels since 2007

Banks have helped drive dividends paid by UK companies in the second quarter of 2015 to £28.3 billion.

Dividends paid out by UK companies have reached a high not seen since before the financial crisis, with banks leading the way.

New figures from Capita Asset Services show around £28.3 billion was paid out by firms during the second quarter of 2015, rising to £29.2 billion when factoring in special dividends.

The figure is the highest recorded by Capita since it began the process in 2007 and Justin Cooper, chief executive of Shareholder Solutions - a part of Capita - said it would be an "understatement" to say that income investors had enjoyed a "bumper month".

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Chinese banks issue £134bn loans to lift stock market

July 17 ,2015 | by Thiago Kiwi

Chinese banks issue £134bn loans to lift stock market

Some of China's biggest state-owned banks have contributed to a £134 billion fund being used to boost the country's ailing stock market.

State-owned banks in China have lent over a trillion yuan to a government-owned finance agency to help stem falls on the country's stock market.

China Securities Finance Corp (CSFC) has received 1.3 trillion yuan (£134 billion) over the past few weeks, funds that have been passed on to brokerage firms to help finance share investment.

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Flexible working and praise help productivity, shows research

Flexible working and praise help productivity, shows research

There are many ways businesses can boost employees' productivity for little to no financial outlay, new research shows.

Financial rewards remain the best way of boosting productivity among employers, but there are a number of other measures small businesses can use to make staff work harder.

This is according to new research from Office Genie, which identified a good night's sleep, positive feedback from managers and flexible working hours as three factors that raise productivity among a workforce.

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UK wages register biggest rise in five years, shows ONS report

July 15 ,2015 | by Hari Sri

UK wages register biggest rise in five years, shows ONS report

Salaries in Britain have grown at the highest levels in five years, a report issued by the Office for National Statistics has revealed.

UK wage growth has hit a high not seen for five years, according to new figures released for the three months to May 2015 from the Office for National Statistics (ONS).

Average weekly earnings were up 3.2 per cent during the period, slightly below the 3.3 per cent that had been predicted in a poll of economists conducted by Reuters.

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UK government to force big firms to reveal gender pay gap

July 14 ,2015 | by Claire Payne

UK government to force big firms to reveal gender pay gap

The government are set to force firms with over 250 employees to release details of their gender pay gap.

Large companies will have to publish details on the gender pay gap within their workforce, David Cameron has promised.

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No Grexit as agreement reached over Greece debt crisis

July 13 ,2015 | by Hari Sri

No Grexit as agreement reached over Greece debt crisis

Greece will stay in the EU after a bailout agreement was reached following talks that ran through the night.

Greece is to be offered a new bailout deal following extensive talks between Eurozone leaders and Greek ministers.

Discussions went on through the night in Brussels as both parties looked to resolve the deepening financial crisis in Greece, before a revised deal was announced this morning (13 July).

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From Chef to Finance Chief – Interview with Kyle Tyrrell, Head of Finance, AXA Global Protect

July 10 ,2015 | by LSBF Blog Staff

From Chef to Finance Chief – Interview with Kyle Tyrrell, Head of Finance, AXA Global Protect

In just seven years, Kyle Tyrrell went from working as a chef in a catering business to becoming head of finance at one of the world’s leading insurance companies.

He was awarded Newly Qualified (NQ) Accountant of the Year at the 2015 PQ Magazine Awards. Here, Kyle talks about how his career has excelled since completing ACCA (Association of Chartered Certified Accountants) at London School of Business and Finance (LSBF).

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What to expect from a career in accountancy

July 10 ,2015 | by Helen Gould

What to expect from a career in accountancy

There are a lot of misconceptions about working in accountancy - for example, many assume that finance is a boring subject. As we have written before, this is not necessarily the case.

In addition to having a good head for numbers, accountants also need a sharp sense of professional ethics, an eye for detail, and the ability to make informed judgements about financial decisions – there’s a lot more to it than the public perceptions.

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Access to higher education - the next frontier

Access to higher education - the next frontier

What can the next generation of young people expect when it comes to higher education?

Professor Maurits Van Rooijen discusses the value of higher education and the need for a change in attitudes towards re-entering the educational system later in life.

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