LSBF Blog - Global Matters
Aid in Africa could get a much needed revamp from advancements in FinTech.
Organisations have poured money into Africa, some private and others public, however the system is fraught with inefficiencies and obsolete practices. It’s no surprise then that for every £1 that makes its way into Africa another pound is spent on administration.Read more >>
UK GDP growth forecasts for this year have been revised higher by the National Institute of Economic and Social Research.
The UK’s economy will expand by 2.9 per cent in 2015, according to research from the National Institute of Economic and Social Research (NIESR). The think tank made significant revisions to its estimates on GDP growth, raising its forecasts to just under three per cent from its previous forecast for 2.5 per cent of growth.Read more >>
Britain comes top of the charts in online trade and e-commerce, with a surplus that is larger than any other nation in the world.
The UK’s trade balance in the e-commerce industry is bigger than any other nation in the world, according to research from OC&C strategy consultants in collaboration with Google. In fact, with a trade surplus of over $1 billion, the UK brings in the most money through online retailing in the world.Read more >>
Technology companies in the UK will grow four times faster than GDP, a survey from Barclays found.
A survey of chief executive officers and tech firm owners found that they expect their business to grow around four times more than the expected economic growth of the UK.Read more >>
The banking giant, Barclays, is setting up an apprenticeship scheme for wannabe bankers that are over 50.
A new apprenticeship scheme is being launched by the well-renowned bank, Barclays, however it’s with a twist. If you’re thinking about becoming a banker, those that apply can expect to work their way from the bottom-up. But don’t expect a successful application if you’re fresh out of school, as this scheme is aimed at those aged 50 and over.Read more >>
Banks would appreciate further support from UK government for lending to small businesses.
Lending to small businesses by high street banks in the UK could do with being helped along by government backing, according to Keith Morgan, head of the British Business Bank (BBB).Read more >>
The top 10 most sustainable cities are dominated by those from Europe and the UK.
European cities fill most of the top ten positions in a list of the most sustainable cities in the world. Sustainability is crucial in the forward-thinking society that we live in.Read more >>
The Bank of England has decided on no change and kept interest rates at 0.5 per cent.
For the 71st consecutive month, the Bank of England (BOE) held off from action to keep interest rates at the historic low of 0.5 per cent. The bank also decided to leave the quantitative easing (QE) program unchanged.Read more >>
Startups in Tech City have been invited by Virgin Media Business to register their interest in a market trial for superfast broadband.
Virgin Media Business (VMB) has invited digitally deprived startups located in Tech City to put their names down to register their interest in a market trial for dedicated fibre connectivity.Read more >>
The UK is slowly becoming a nation of digital companies led along by the boom in London.
The UK is already well known for having one of the world’s strongest digital economies with a number of specialisms that range from artificial intelligence to video games development.Read more >>
The LSBF’s ACCA Study Manuals competition is hosted on the London School of Business and Finance (LSBF) Facebook page. In order to benefit from the Competition entrants must complete the registration form and submit an answer for the question asked.Read more >>
A profit was posted for the first time since Starbucks opened in Britain 17 years ago.
The world’s largest coffee bar chain, Starbucks, made a profit in the UK for the first time since the franchise first opened a store in Britain over 17 years ago. Starbucks cited the improvement was down to a turnaround plan aimed at reducing store costs.Read more >>
Competition is expected to be fierce for the Shengjing Global Innovation Award prize money of $1 million.
The one million dollar Shengjing Global Innovation Award will be presented to one winner out of 20 startups from across the world, who will not only be competing for the prize money, but also the potential for venture capitalists and incubators to invest in their companies.Read more >>
Over 80 young women were invited to take a ‘look behind the scenes’ at BAE Systems.
BAE Systems’ Military Air and Information (MAI) business gave a behind the scenes tour of its Warton facility for a number of young female students, in an attempt to raise interest the number of women looking to take up apprenticeships.Read more >>
Telecoms group British Telecom will pay £12.5 billion to buy mobile operator EE.
In a move that will create a communications giant, the telecoms group BT has finalised a deal to buy the mobile firm EE for £12.5 billion after it announced in December that it was in talks to buy the UK's largest mobile operator.Read more >>
British firms started the year off surprisingly well according to services PMI data from Markit.
The UK’s economic recovery continues to grow in strength, as highlighted by the latest monthly service sector update from Markit/CIPS. The survey showed the services PMI reading rose higher than forecast to 57.2 in January, up from a 17-month low of 55.8 in December.Read more >>
Apple’s iPhone is likely one of the best product investments in history, with a $150mn investment yielding over $50bn in sales.
The success story of Apple’s iPhone is a shining example of how a product can change a company’s history. Especially since recent figures highlighted that the iPhone must be the most profitable product produced by a company in history.Read more >>
UK’s biggest companies are making progress for female representation in the boardroom.
The target for companies to have 25 per cent of board roles taken by women is now “in sight”, according to Vince Cable, the business secretary. Much progress has been made since 2010 and shows the UK’s “voluntary, business-led approach is working”, Mr Cable added.Read more >>
A list of Europe’s hottest FinTech startups to watch out for in 2015 is dominated by those from London.
London’s place as a hub for FinTech startups is well and truly evident when looking at the recently released list of FinTech companies to watch out for in 2015, compiled by a panel of senior executives from sectors such as finance, investment and technology.Read more >>
Bill Gates reveals how he thinks the world of 2030 will look in an open letter.
Looking into the future is often reserved for the likes of astrologers, fortune tellers and tarot card readers. However, there are few other visionaries as well placed to make some educated guesses than Bill Gates, who recently revealed his predictions for the four key developments that 2030 will hold, in an open letter from the Bill and Melinda Gates Foundation.Read more >>
A surprise €400m share buyback scheme has been unveiled by Ryanair after the airline raised profit guidance for 2015.
Ryanair, the low-cost airline, recently announced an unexpected €400 million share buyback plan that comes not long after raising its profit forecasts for the full year. The airline said that due to a rise in the number of passengers and lower fuel prices.Read more >>
Net lending to businesses is poised to return to growth after contracting for six years following the financial crisis, claims an EY ITEM Club research.
Lending to British businesses is poised to return to growth this year following on from six years of contraction, according to the EY ITEM Club’s latest research. In fact, net lending to businesses is expected to rise up to 17 per cent by 2018, which should see UK companies gain an extra £66 billion of credit over the next four years.Read more >>
London’s City employs record number of financial and related professional services workers.
TheCityUK’s latest London Employment Survey showed that the number of workers in the financial and related professional services industry hit a record high in December 2014, highlighting the sector's burgeoning recovery.Read more >>
UK tech firm Mobile Streams announces details of its plan to push forward into Brazil, Africa and India.
The chief executive officer of Mobile Streams revealed plans to expand the reach of its mobile internet services to higher potential markets such as Brazil, India and Africa.
Shares advanced around 12 per cent on the announcement as it will provide more opportunities than attempting to penetrate the saturated core regions of the US and Europe.Read more >>
Gmail users in the UK will soon be able to attach money to an email to transfer funds.
Soon to be rolled out across the UK will be the Send Money in Gmail feature that will allow those with Gmail accounts to attach funds to emails and transfer it with a simple click of the button. It will work even if the recipient doesn’t have a Gmail account; you just need to link your debit card or bank account to Google Wallet.Read more >>