LSBF Blog - Global Matters

SME staff see value in flexibility

November 10 ,2014 | by Thiago Kiwi

SME staff see value in flexibility

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.

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What do Islamic Finance & 'Sukuk' bonds mean for the UK?

November 08 ,2014 | by Sahar Ata

What do Islamic Finance & 'Sukuk' bonds mean for the UK?

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.

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Canary Wharf owners reject £2.2bn Qatar bid

November 07 ,2014 | by Thiago Kiwi

Canary Wharf owners reject £2.2bn Qatar bid

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.

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Satisfaction at work in the UK rises

November 07 ,2014 | by Thiago Kiwi

Satisfaction at work in the UK rises

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.

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Small businesses need talent to thrive

November 07 ,2014 | by Thiago Kiwi

Small businesses need talent to thrive

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.

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Personal and SME banking to face competition probe

November 06 ,2014 | by Thiago Kiwi

Personal and SME banking to face competition probe

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.

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London Stock Exchange to shake up trading with midday stock auctions

November 06 ,2014 | by Thiago Kiwi

London Stock Exchange to shake up trading with midday stock auctions

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.

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Fast-growing small firms power UK economic growth, says report

November 06 ,2014 | by Thiago Kiwi

Fast-growing small firms power UK economic growth, says report

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.

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Retailers kickstart Christmas countdown

November 05 ,2014 | by Thiago Kiwi

Retailers kickstart Christmas countdown

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.

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Small business lending leaps to £1.25bn record

November 05 ,2014 | by Thiago Kiwi

Small business lending leaps to £1.25bn record

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).

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UK manufacturing surges and hits three-month high

November 05 ,2014 | by Thiago Kiwi

UK manufacturing surges and hits three-month high

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.

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Demand for professional skills soars in the UK

November 04 ,2014 | by Thiago Kiwi

Demand for professional skills soars in the UK

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.

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UK small firms more confident in face of risk, says report

November 04 ,2014 | by Thiago Kiwi

UK small firms more confident in face of risk, says report

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.

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From the world of business: October news highlights

November 03 ,2014 | by Hari Sri

From the world of business: October news highlights

Welcome to this month’s news round-up, containing all the major stories that have kept us talking in October.

 

Virgin Money plans $2 billion flotation

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.

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Hiring first employee is the most expensive for SMEs, says report

November 03 ,2014 | by Hari Sri

Hiring first employee is the most expensive for SMEs, says report

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.

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UK one of the best countries for doing business, says World Bank report

October 31 ,2014 | by Thiago Kiwi

UK one of the best countries for doing business, says World Bank report

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.

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Want to own a part of Ferrari? Here’s your chance!

October 31 ,2014 | by Hari Sri

Want to own a part of Ferrari? Here’s your chance!

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.

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UK retailers call for business rate reform to boost sector

October 30 ,2014 | by Hari Sri

UK retailers call for business rate reform to boost sector

The British Retail Consortium is once again urging the government to commit to overhauling business rates in the Autumn Statement.

The government needs to commit to a complete overhaul of the business rates system to give the retail industry a much-needed boost, especially in the case of small firms.

That is the view of the British Retail Consortium (BRC), which has published the details of its submission to HM Treasury ahead of this year’s Autumn Statement – the second biggest financial announcement of the year after the Budget in spring.

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Europe continues to lead the way in gender equality, says report

October 30 ,2014 | by Sarah Parkin

Europe continues to lead the way in gender equality, says report

Europe is still a world leader on tackling the gender pay gap, World Economic Forum figures show.

New figures from the World Economic Forum (WEF) show that in spite of slow progress globally, Europe is continuing to lead the world in terms of gender equality.

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City bonuses should be linked to gender balance, report to suggest

October 30 ,2014 | by Erin O’Neill

City bonuses should be linked to gender balance, report to suggest

Progress on appointing more women to senior roles should be tied in to the way bonuses for City executives are awarded.

A government-commissioned review led by Jayne-Anne Gadhia, the chief executive of Virgin Money, is expected to make the recommendations.

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Video: ‘Great Minds’ series – LSBF interviews entrepreneur and investor Deborah Meaden

October 29 ,2014 | by LSBF Blog Staff

Business education and entrepreneurship should be embedded in the education curriculum from early on – this is the view of entrepreneur and business investor Deborah Meaden, who was interviewed in a new video released by the London School of Business and Finance (LSBF) this week.

Part of the ‘Great Minds’ series of videos, the interview was led by former Education and Home Secretary Rt Hon. David Blunkett MP, who is also a visiting lecturer at the School.

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Mobile commerce startups draw billions in venture capital

October 29 ,2014 | by Hari Sri

Mobile commerce startups draw billions in venture capital

Venture capital is proving to be a great source of funding for mobile web startups, new data shows.

With mobile penetration growing worldwide, it’s hardly surprising that there’s a bustling startup scene with young companies making the most of the opportunities offered by mobile internet. The rest of the world is also catching onto these firms’ potential, and investment is flooding into the sector.

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Metro Bank focuses business lending on SMEs

October 28 ,2014 | by Thiago Kiwi

Metro Bank focuses business lending on SMEs

Metro Bank’s strategy of targeting SMEs is paying dividends with an increase in business lending.

Metro Bank has been at the forefront of the challenger bank charge in recent years. As the first full-service bank to launch in a century when it took off four years ago, it has blazed a trail that is now being followed by the likes of Aldermore, and even TSB as it moves further away from Lloyds’ control.

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PwC launches initiative to help small businesses

October 28 ,2014 | by Hari Sri

PwC launches initiative to help small businesses

PricewaterhouseCoopers and invoice finance platform MarketInvoice have struck a deal that allows them both to help new small businesses.

Small and medium-sized enterprises (SME) comprise well over 90 per cent of the UK’s companies and dictate the pace of economic growth. So it’s no surprise they represent a huge market that is being targeted by larger companies – not for acquisitions. With that in mind, PricewaterhouseCoopers (PwC) have struck a deal with MarketInvoice that will enable them both to break into that market more effectively.

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Islamic Bank of Britain set to be rebranded as Al Rayan Bank

October 27 ,2014 | by Sarah Parkin

Islamic Bank of Britain set to be rebranded as Al Rayan Bank

Islamic Bank of Britain is becoming Al Rayan Bank as part of a significant rebrand.

Islamic Bank of Britain (IBB) is in the middle of celebrating its 10th anniversary, and it’s become readily established as a pioneer of Islamic finance in the UK. It still boasts the widest range of Sharia-compliant retail financial products in the UK, and it seems few banks will be able to compete in the near future. In fact, IBB is actually beginning to diversify its product and service offerings to extend the sphere of Islamic banking in the UK. Soon it plans to reflect these changing conditions with a major rebrand.

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