LSBF Blog - Global Matters
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 >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
Pay could finally surpass inflation next year, according to new research.
Every time new figures emerge showing that UK employment is rising, unions, businesses and consumers alike voice their concerns that pay is not picking up. Wages have risen below the rate of inflation for much of the period since the financial crisis, and they have a lot of catching up to do. Fortunately, new figures from human resources firm XpertHR show that wages may finally be due to start outpacing inflation in 2015.Read more >>
Europe’s tech start-ups have an even brighter future ahead, according to investors.
There has been plenty of good news recently about the European tech startup scene, and London in particular. From the first property tech accelerator in the UK capital to the succession of start-ups receiving bumper investments, it’s clear that the potential of this flourishing sector is expanding like never before.
So it may not be surprising that investors are looking towards a very promising future for European start-ups. A succession of promising companies have emerged from the scene so far, and venture capitalists expect the hits to keep on coming.Read more >>