LSBF Blog - Global Matters
The UK’s largest bank has set aside £8 billion in order to offer SMEs a helping hand.
Lending to small and medium-sized enterprises (SMEs) will be given a welcome boost as HSBC sets up a new £8 billion fund. The bank also plans to do away with some of the many fees on business loans that firms incur in order to support smaller companies that can ill afford them.Read more >>
Ryan Holmes makes a couple of fair comments when he questions the value of the MBA.
It is true that anyone can get rich without an MBA. Buying a lottery ticket does not require an MBA and since the lottery makes someone very rich, some might take that as proof that no MBA is required. And, of course, there are several genius artists who made it rich without an MBA (some even without any arts education).Read more >>
China’s third interest rate reduction in six months hints at further slowing economy.
The People’s Bank of China (PBOC) has cut interest rates for the third time in six months to boost the nation’s slowing economy. However, while shares in China surged on the news to erase earlier losses, it’s likely that the rate cut indicates further economic slowdowns on the horizon.Read more >>
Britain’s General Election boosted financial markets after a Conservative majority win became clear.
The UK’s General Election race ended with a note of finality on Friday, as the previously too-close-to-call election developed into an emphatic victory for the Conservative party. Sterling soared and the FTSE-100 was lifted higher as investors cheered the news.Read more >>
On 21 April, Google implemented a major overhaul of its search algorithm, making it more compatible with mobile platforms in a move that online marketers and developers have called “mobilegeddon”.
The reasoning behind Google’s move is clear, as more and more customers use their mobile devices to browse the internet.Read more >>
Telecoms group BT reports rise in annual profits is driven by broadband and football.
The telecoms giant, BT Group, announced impressive growth in pre-tax profits on the year, which the group said is being driven by attracting new broadband customers. BT claimed it’s securing more new broadband customers than any of its rivals, which could be down to the group securing the rights to screen a number of sporting events.Read more >>
As Tesco continues to deal with its mega loss, Sainsbury’s posts its first annual loss for ten years.
Sainsbury’s, the UK’s third-largest supermarket chain, just announced its first full-year loss in a decade. It’s a sign that the competition between British supermarkets is increasing and the news has sent Sainsbury’s share price tumbling.Read more >>
In the aftermath of the record-revenue-breaking Mayweather vs Pacquiao boxing match, we explore what makes sport the money-making industry it is today.
Sport in the modern day is as much about business as it is athleticism. Many sports teams and sporting individuals have been moulded into internationally recognisable, money-spinning brands. Whole industries have developed around the sports that were once played for mere accolades.Read more >>
Later this year, ACCA will move to 4 sittings per year, with the first new sitting in September (not in all exam centres, so check the ACCA website for full details).
Naturally, a lot of students are asking me questions even now as they register for June 2015 classes and exams – so here is my best attempt to answer them.Read more >>
What can we say about the future relationship of business and society in the age of knowledge economy?
What is a business and does it have an obligation to society? This important question has sprung up once again, especially considering that 2015's General Election is just around the corner on May 7th.Read more >>
Statistics show that the number of new accountancy businesses is increasing at its fastest rate since the recession.
The accountancy profession is returning to a state last seen before the financial crisis, according to research from SJD Accountancy. The firm’s report showed the number of accountancy related startups increased at the fastest rate since 2008.Read more >>
With businesses increasingly turning to economists when it comes to decision making, we explore the ins and outs of economics and analytics.
“Ignore economists at your peril” are the words of a McKinsey report that highlights the growing importance of seeking advice from economists. The use of economics has widened from being a tool to determine governmental and political policies, to something highly relevant to businesses.Read more >>
We investigate the ways social media can be used to your advantage when it’s time to join the search for employment.
Over the last decade social media has risen to the highest heights. From old favourites such as Facebook and Twitter, to the newly developed Bubblews and Sharebloc, there are hundreds of social media platforms to choose from. With so many options, it’s getting difficult to decide which are worth investing time into.Read more >>
In an increasingly globalised marketplace, companies must adjust to operating internationally. How does this changing economic landscape affect SMEs?
New customers are the key to the expansion of any organisation. And by capitalising on readily available new technologies, social media integration, web conferencing and e-commerce, small and medium-sized enterprises (SMEs) have the chance to reach more people than was ever possible before this digital boom.Read more >>
As solar farms continue to multiply in number across the UK, we consider the impact this will have in the future.
The UK is becoming increasingly fond of solar power, with solar farms springing up in all four corners of the country. Preliminary figures show that, in 2014, the UK installed the most new solar power capacity out of all European countries, with current figures illustrating that the country is on track to retain its title this year.Read more >>
In the wake of Tesco’s mega loss, we wonder if it’s time for the death of the big supermarket.
Tesco’s pre-tax annual loss of £6.4 billion last year came as a surprise: analysts had only been estimating a loss of around £4 billion. It was the biggest loss in Tesco’s 96-year history, the sixth biggest corporate loss in the UK, and the largest annual loss ever witnessed by a British retailer.Read more >>
While the world studies the environmental impacts of climate change, what are the potential financial risks that businesses face?
Climate change “can no longer be denied”, according to US president Barack Obama. Data shows that increasing amounts of public money in the US is being spent on environmental protection.Read more >>
In this edition of Startup Spotlight, we spoke with Céline Lazorthes, CEO and Founder of Mangopay, a new marketplace and crowdfunding payment platform.
Mangopay enables marketplaces and crowdfunding platforms to accept third-party payments, create and manage e-wallets (white label), split funds and collect fees in a simple, secure and transparent way.Read more >>
We explore the advantages of studying abroad and discuss whether the experience boosts your employment prospects.
Studying abroad is something which attracts and inspires thousands of young people every year. Go International’s ‘Gone International’ study found that, of 233,185 graduates in 2013, over ten thousand had spent time studying in a country outside of the UK.Read more >>
Areas local to Gatwick airport could benefit from the largest oil find in the last 30 years.
After a well was drilled in the vicinity of Gatwick airport last year, analysis has revealed that there may be up to 100 billion barrels of oil in the local area of Horse Hill, according to exploration firm UK Oil & Gas Investments (UKOG).Read more >>
The great Chinese engine of growth has slowed further, but what does it really mean?
China’s economic growth forecasts have been cut to just seven per cent for 2015, and first quarter growth for this year was shown to slow to seven per cent, which was a six-year low. But while China’s economic activity remains much higher than those of most other countries, the slowdown is still thought to be a cause for concern by many analysts.Read more >>
Could energy efficiency help businesses? We look into the impact sustainable design and green buildings could have on the UK economy.
Construction firm Balfour Beatty recently created the UK’s most environmentally friendly building for Girton College at the University of Cambridge. The new student halls receive half of their energy from renewable sources with a design that surpasses efficiency guidelines by 40%.Read more >>
The financial technology sector is continuing to attract large amounts of investment well into 2015.
In 2014, the FinTech industry attracted more than $12 billion in investment. Today, the appetite for FinTech startups among venture capital funds continues to grow.
Europe enjoyed the most impressive growth rate, with FinTech investment rising 215 per cent to $1.48 billion in 2014, according to Accenture. Of all European countries it was the UK and Ireland that excelled, accounting for 42 per cent of European investment in the sector.Read more >>
Amy McPherson, CEO of Marriott Hotels Europe, shares with LSBF the secrets to a successful career in business.
Great business leaders know how to surround themselves with good people – that is the secret to a successful career in business according to Amy McPherson, the CEO of Marriott Hotels Europe.Read more >>
Mobile devices have altered the way consumers browse, shop and make payments. At almost every level, the interaction between businesses and customers is changing.Read more >>