LSBF Blog - Global Matters
Final figures for 2014 show the UK’s economy expanded faster than initially estimated.
Figures showing activity for the last quarter expanded at 0.6 per cent instead of 0.5 per cent, according to the Office for National Statistics (ONS).
Furthermore, the unexpected revision also increased growth for the whole year, which rose from 2.6 per cent to 2.8 per cent - the highest annual growth rate since 2006.Read more >>
On Monday 6 April, new rules will come into place that will allow pensioners full access to their retirement funds. But what could this mean in practice?
From the beginning of next week, people drawing a pension will not have to take an annuity, but instead can decide how much they want to take out of their pension and when.Read more >>
Welcome to this month’s news round-up of all the major stories that have kept us talking this March.Read more >>
Mobile payments start-up, MyCheck, secures $5 million in Series B funding led by Santander.
MyCheck, the mobile payments service, completed its second round of funding, resulting in $5 million of investment for the start-up.Read more >>
Survey illustrates that optimism in UK financial services is on the up.
Financial firms in the UK are becoming more optimistic, according to a recent CBI/PwC survey.Read more >>
Job seekers can now get an insight into individual companies before deciding to work for them thanks to new research and an innovative online tool created by Emolument.
Emolument Employer is a new service allowing individuals to access accurate pay data, including average salary details for a range of positions across a wide number of notable employers.Read more >>
Channel 4 show ‘How to be a Young Billionaire’ will follow three young entrepreneurs attempting to make their multi-billion pound start-up dreams come true in Silicon Valley.
The three entrepreneurs on How to be a Young Billionaire - Josh, Julia, and Robyn - are all in their twenties, with big ambitions. Josh is working on a game, but needs an investment of $5m to complete it; Julia has created an app for teenagers to share secrets and wants to grow her user base; and Robyn is attempting to move her lesbian dating venture to the USA.Read more >>
In this edition of Startup Spotlight, we speak with Jim Thomson, CEO of SATcase™, a reliable communications device aimed at keeping remote-area travellers and workers connected to the world at all times.
SATcase™ is a revolutionary new communications device that uses satellite technology to help keep people safe in remote areas of the globe.Read more >>
UK chancellor George Osborne’s £11 million budget pledge will support new technology companies in the north of England.
The budget investment pledge for incubators is a welcome investment for startups in places like Manchester, Leeds, and Sheffield, which have seen huge rates of growth in the technology sector.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
A major poll from the Forum of Private Business offers insight into the challenges faced by UK SMEs.
Research published by the Forum of Private Business has indicated that the growth of UK’s small and medium-sized enterprises (SMEs) is stifled by the growing costs of doing business.Read more >>
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.Read more >>
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.Read more >>
The O2-Hutchison Whampoa deal, set to be finalised in the near future, will create the UK’s largest mobile group.
Hutchison Whampoa has reached a “definitive agreement” with Telefonica to buy its O2 mobile phone network for £10.25 billion, in a move that will create the UK’s biggest mobile operator.
The decision follows on from weeks of negotiations that were first announced in late January, and is the latest buy in a spending spree by Li Ka-shing, owner of Hutchison Whampoa.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
Dell is launching a competition to search for their next ‘Startup-in-Residence’.
Computer giant Dell has begun the search for an innovative early stage startup to take up residency at its UK headquarters as part of its latest Startup-in-Residence initiative.Read more >>
Do holidays have an adverse effect on work-from-home entrepreneurs? We look at the positives and negatives of home-run businesses.
According to the BIS Business Population Estimates and BIS Small Business Survey, there are around 2.9 million UK residents running businesses from home.Read more >>
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.Read more >>
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.Read more >>
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).
Read more >>