LSBF Blog - Global Matters
Hong Kong is making moves to become Asia’s biggest technology centre.
It’s well known that London is one of the world’s major technology hubs, but promising startups are emerging worldwide. In Asia, there are plenty of high-potential companies seeking to make a name for themselves on the tech scene – and increasingly, they’re being attracted to Hong Kong.
With its highly developed economy and established infrastructure, Hong Kong is a natural candidate to become home to growing tech firms. Like London, it’s also a major financial centre which will attract investment, and its reputation as a business hub means that tech firms are potentially in close proximity to some of their potential major customers and suppliers.
Investment has been slow to move into Hong Kong’s startups scene, but the situation is beginning to change.Read more >>
Professionals are seeing salaries increase and candidates are more confident in their job prospects, Hays has found.
It’s well known that the UK’s employment landscape is gathering steam. New figures from recruitment firm Hays indicate that confidence among candidates is growing in an improving job market.Read more >>
Better support could help more business to export, after it has emerged that many are still reluctant to work overseas.
With the UK returning to growth and business confidence rising, it makes sense that many companies are seeking to consolidate their positions in domestic markets. But given the growth in some promising economies worldwide, firms may well be able to capitalise on rising demand in key export markets. Yet it appears that many firms still need some encouragement to consider expanding abroad.Read more >>
Using social media effectively can be a boon for SMEs if they have the skills to do it.
Small businesses know that to make the most of their limited resources, they have to use every tool at their disposal. As a new infographic from Sage demonstrates, that means more and more are turning to social media as a means of engaging with their target markets, but there are still gaps that need to be filled.Read more >>
Construction in London is on the rise in response to the capital’s tech sector growth.
London’s booming technology scene has given the city’s economy a major boost, as it positions the capital as a national and European centre for innovation. But it’s also having knock-on effects for other industries – and a new report illustrates that it’s even stimulating the construction sector.Read more >>
Accountancy network BDO International’s latest research points to continued confidence among UK companies.
Economic recovery is underway and news is continually emerging about improving business conditions for UK firms. According to the latest figures from accountancy firm BDO, this upswing is being translated into strong levels of business confidence.Read more >>
New figures show that London companies are not letting concern over slower growth affect their hiring tendencies.
There may have been some concerns that UK growth may slow as we move into 2015, but it’s clear that London employers aren’t letting such worries affect their hiring practices.Read more >>
A new report has highlighted the huge contribution that London makes to the UK economy.
It’s well-known that London is the business and finance hub of the UK, as well as being its biggest city by far and home to some of the highest relative property prices in the world. Yet the wealth being created in the capital also has a knock-on effect for the whole of the UK, according to figures from the Centre for Economics and Business Research (Cebr).Read more >>
Flexibility is at the core of retaining top talent for SMEs, according to a new report.
Flexibility is a key facet of engaging and retaining top talent for small and medium-sized enterprises (SME).
That’s according to a new survey from Bupa, which shows that six out of ten employees of SMEs who responded felt that offering the right benefits is an important part of developing a happy and motivated workforce.Read more >>
Last week the World Islamic Economic Forum took place at London’s Excel Centre. LSBF’s Sahar Ata feels buoyant about Islamic Finance and Sukuk’s prospects in the UK.
The big gathering of world leaders, The WIEF, held for the first time outside Islamic countries, themed “Changing World, New Relationships”, saw the attendance of 18 heads of state and government and deputy heads of government, 50 ministers and 2,700 delegates from 128 countries, the largest congregation ever in the history of WIEF.Read more >>
A takeover bid for Canary Wharf has been quickly rejected by its current operator.
Canary Wharf is at the heart of London’s financial centre, and it’s been a business hub ever since it regenerated part of the capital’s East End. But that also makes it attractive to major investors from around the world, and its current operator has just rejected a major offer to take over the development.Read more >>
Satisfaction at work among UK employees is rising, according to the latest report from Randstad.
After years of slow wage growth and a tough economic climate that put many workers off looking for jobs, satisfaction has been waning among the UK’s workforce. But as the latest study from Randstad shows, employees are more fulfilled than they have been in the past 18 months, and they’re overtaking their counterparts in many European nations.Read more >>
Small companies seeking growth need to find and recruit the right talent, according to Everline research.
Small companies are booming in the UK – but to truly thrive, they need to be able to access the right talent.
That’s the view from the first Everline small business tracker, after the report found that as many as one in every four small businesses in the UK currently have job vacancies available. Across the whole of the UK, that’s the equivalent of more than 520,000 jobs – or half the population of Birmingham.Read more >>
Personal current accounts and small business banking are about to come under scrutiny for the Competition and Markets Authority.
Consumers and small firms heard over the summer that authorities were planning to review how competition works when it comes to their banking sectors. Now the consultation has been completed and stakeholders have voiced their support, it’s set to become a reality.Read more >>
The London Stock Exchange is hoping to win business back from dark pools with noon auctions from next year.
The shape of the London trading day is to change next year, after the London Stock Exchange (LSE) announced that it plans to introduce specific midday auctions for some of its most significant stocks.Read more >>
A major chunk of the UK’s growth is coming from a small number of high-potential firms, figures show.
It’s well-known that small and medium-sized enterprises (SME) are the engine behind economic growth as the UK begins to recover. It’s hardly surprising either, given that they comprise the vast majority of UK firms. But new data suggests that within the SME sector, a few firms are truly punching above their weight.Read more >>
Retailers are getting into festive mode as they announce their Christmas promotions.
Hallowe’en is out of the way and as soon as they’ve taken down the cobwebs and plastic ghouls from their windows, retailers are getting in the Christmas spirit. We’ve all heard shoppers complain that Christmas comes earlier every year, but that doesn’t stop consumers from flocking to the shops – or, increasingly, getting online – to pick up their festive treats. Retailers are fully in festive mode, and they’re hoping for a bumper Christmas.Read more >>
New lenders on the scene have boosted small business finance in the UK, figures show.
Access to finance for small businesses has been a key focus of economic policy in the UK. Since it’s clear that small firms are the engine of growth, comprising the vast majority of UK companies, moves such as the Funding for Lending Scheme have been targeted at putting finance at the fingertips of small and medium-sized enterprises (SME).Read more >>
New PMI data shows that manufacturing in the UK is outstripping the eurozone, even though it remains a key export market.
It’s no secret that the eurozone hasn’t yet managed to pull itself out of an economic lull. As the single biggest export market for the UK, Europe’s fortunes have been a cause for concern to commentators worries that slack demand would hold back UK manufacturing firms in particular. However, new data reveals that even though the eurozone is a key component of UK companies’ export strategy, British manufacturers are still performing strongly.Read more >>
Professional talent is in hot demand as businesses grow in confidence, APSCo says.
By now it goes without saying that the UK economy, and the employment market, are growing. More and more positive data is emerging showing that business confidence is on the rise and trading conditions are improving. As the latest data from the Association of Professional Staffing Companies (APSCo) shows, that is translating into higher demand for professional skills.Read more >>
UK Small firms are growing in confidence about the risks they believe they face, according to a new report.
Small and medium-sized enterprises (SME) in the UK are growing in confidence in the face of risk – even though some still face tough financial situations.Read more >>
Welcome to this month’s news round-up, containing all the major stories that have kept us talking in October.
Virgin Money announced plans to pursue an initial public offering, and is reportedly aiming for a valuation of around £2 billion. The company made underlying pre-tax profit of £59.7 million in the first half of the year, rocketing upwards from £13.1 million in the same period last year. It will also have to pay £50 million to the government on completion of the IPO as part of the agreement it made with the government three years ago.Read more >>
A new report has shown small and medium-sized enterprises (SMEs) should receive more support from the government to hire staff as taking on their first employee is often the most expensive hire they make.
Getting a new business off the ground can be a difficult process, one that requires a huge amount of willpower as well as investment. For many of those firms, the next big step in their lifecycle is taking on their first employee. But as new research shows, that can also mean a significant investment.Read more >>
The UK has moved up the World Bank and IFC’s Doing Business index, indicating that it’s now an easier place to do business than it was just last year.
According to the survey, which was launched in 2002, the UK is now the 8th best country in which to do business, which is a two-place jump from last year’s position.
In first place was Singapore, which hung onto its top spot, followed by New Zealand, Hong Kong, Denmark, South Korea, Norway and the United States. Finland and Australia are ninth and tenth respectively.Read more >>
Fiat Chrysler Automobiles is to float one of the most popular, sought-after brands in the world of motoring – Ferrari, with an IPO valued to be worth $5.5 billion.
The company announced that Ferrari, which has set the benchmark in luxury high-performance vehicles, is to float the car manufacturer on the stock market, worth up to $5.5 billion.
Fiat Chrysler Automobiles, which has a massive 90 per cent stake in Ferrari, is to list ten per cent of its shares in the brand and distribute the remaining shares among its shareholders.Read more >>