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LSBF Blog - Global Matters

Virgin America valued at $1.35 billion post-Nasdaq flotation

November 18 ,2014 | by Hari Sri

Virgin America valued at $1.35 billion post-Nasdaq flotation

Virgin America’s debut on the Nasdaq stock exchange in New York went spectacularly well with share prices increasing by more than 30 per cent during the first day of trading.

The company floated 13.3 million shares at an initial $23 (£15) a share, which later peaked at $31.18. Approximately $307 million (£196 million) was generated by the close of business.

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Non-financial businesses worth £1 trillion to UK economy

November 17 ,2014 | by Hari Sri

Non-financial businesses worth £1 trillion to UK economy

Non-financial businesses’ contribution to the economy hit £1 trillion last year, with the service sector contributing 54.7 per cent of that figure.

The UK’s recovery is well underway and businesses are continuing to generate more and more wealth for the nation.

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Recruitment still needs the human touch

November 17 ,2014 | by Thiago Kiwi

Recruitment still needs the human touch

A government survey has found that employers are still intent on adding the human touch to recruiting new talent.

Technology has become a massive part of our lives and it runs into every aspect – but it turns out that when it comes to hiring talent, employers still prefer a personal touch.

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LSBF to host Islamic Finance Symposium in London

November 14 ,2014 | by LSBF Blog Staff

LSBF to host Islamic Finance Symposium in London

Ever keen to be at the forefront of global trends in the sector, the London School of Business and Finance (LSBF) will be hosting on Wednesday, 19 November, from 9AM to 5PM, a symposium on Islamic Finance at its new flagship building – Sceptre Court – in Tower Hill, London.

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UK wage growth has surpassed inflation, reveal ONS figures

November 14 ,2014 | by Hari Sri

UK wage growth has surpassed inflation, reveal ONS figures

Pay inflation has picked up last month and surpassed inflation, according to official data.

Concerns about the UK’s slow wage growth have been growing in the past few months as employment rates have risen steadily. But new figures from the Office for National Statistics (ONS) show that last month, pay increases finally surpassed inflation.

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SMEs don’t fear interest rate rises, claims ICAEW survey

November 14 ,2014 | by Thiago Kiwi

SMEs don’t fear interest rate rises, claims ICAEW survey

Small businesses are not fazed by the idea of an interest rate increase, new figures have shown – but what could a hike mean for firms?

Interest rate rises have been talked about ever since the first signs of the UK’s economic recovery. As confidence improves and employment grows, analysts have been predicting that the era of record low, 0.5 per cent base rates could soon come to an end.

But a new survey from the Institute of Chartered Accountants of England and Wales (ICAEW) shows that even though business organisations have been warning against an increase, small firms are not fazed by the idea.

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Hong Kong targets becoming Asia’s biggest tech hub

November 14 ,2014 | by Hari Sri

Hong Kong targets becoming Asia’s biggest tech hub

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.

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UK professionals enjoy up to 2 digit salary growth, says study

November 13 ,2014 | by Hari Sri

UK professionals enjoy up to 2 digit salary growth, says study

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.

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UK SMEs need more support to export, shows survey

November 13 ,2014 | by Thiago Kiwi

UK SMEs need more support to export, shows survey

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.

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Social media remains a powerful tool for SMEs, says report

November 12 ,2014 | by Hari Sri

Social media remains a powerful tool for SMEs, says report

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.

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London tech sector growth boosts construction boom

November 12 ,2014 | by Thiago Kiwi

London tech sector growth boosts construction boom

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.

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UK business confidence remains high

November 11 ,2014 | by Hari Sri

UK business confidence remains high

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.

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City of London firms keep hiring levels high

November 11 ,2014 | by Thiago Kiwi

City of London firms keep hiring levels high

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.

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London gives UK Treasury £34 billion boost each year

November 10 ,2014 | by Hari Sri

London gives UK Treasury £34 billion boost each year

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).

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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 LSBF Blog Staff

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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