LSBF Blog - Global Matters
The iconic London ‘Tube’ has broken records with the busiest day in its history.
Millions of Londoners depend on the Underground to get to work, enjoy their social lives and keep customers coming back to their businesses. It’s the lifeblood of the capital. So it’s hardly surprising that anyone who has spent any time in the capital is used to seeing crowded carriages, especially in peak commuter periods.
However, Transport for London (TfL) has confirmed that last Friday (November 14th) was officially the busiest day in the history of the Tube. A total of 4.576 million journeys were made on the underground network, far surpassing the 4.544 million journeys made on the previous record day. Considering that this was August 7th, 2012 in the midst of the Olympic Games, when tourists flocked the city in even greater numbers than usual, that’s quite an achievement.Read more >>
UK Trade & Investment held its sixth Export Week attracting thousands of business owners to over 70 events across the country.
As we’ve often said, small businesses are a driver of growth and UK Trade & Investment (UKTI) must know this too as it recently held its sixth annual Export Week. During the week over 70 varied events was held all across the country to offer support and advice for companies looking to export.Read more >>
UK businesses are seeking growth opportunities beyond Europe, EY has found.
UK businesses are very much in growth mode and especially in the case of small firms, demand overseas will play an important role in satisfying their appetite. However, a slack eurozone has meant that in many key markets, demand remains weak. For many firms, that means that they are looking further afield for opportunities.Read more >>
Singapore has retained its title as the world’s best place to do business.
Singapore has long been one of Asia’s major business hubs. In fact, it’s vying with Hong Kong to be true financial capital of Asia. It’s certainly going the right way about it, since the Economist Intelligence Unit (EIU) has once again ranked Singapore as one of the world’s best places to do business.Read more >>
Data shows women in Britain narrowed the gender pay gap to a record low, while female representation in the board room has increased.
Gender equality has come into the headlines recently in the UK. While women’s rights in Britain have a long history of being fought for, we can see that today complete equality has yet to be won in the boardroom or the office.
Many organisations are still fighting an uphill battle. However, times are changing and research shows conditions are improving, making it a good time to be a UK woman in the workplace.
Read more >>
A sixth of UK employers look to expand into Europe within the next two years.
Growing business confidence, a healthier jobs market and a better year all-round for firms in the UK have given companies the drive to expand into Europe, according to the latest JobsOutlook survey from the Recruitment and Employment Confederation (REC).Read more >>
A range of new measures to give small firms a boost have been announced in several emerging markets.
Small businesses are the engine of growth. That’s what we’re often told in the UK as authorities work to improve trading conditions for small and medium-sized enterprises (SME) – and it’s hardly surprising, considering that they constitute the vast majority of the UK’s companies and employers.
Of course, the same is also true around the world. Especially in emerging markets, authorities are working to give SMEs a boost in a bid to encourage growth and stimulate further development. The past few days have seen a number of measures announced across several Asian and African economies to kickstart economic expansion.Read more >>
Snapchat has unveiled a new payments system, Snapcash, through which users can send money to friends.
With Apple Pay now on the scene and Amazon working hard on its Wallet offering, the mobile payment scene is becoming more crowded and complex. Even Twitter has recently been working on a system by which friends can tweet to each other.Read more >>
Output is rising among manufacturing firms as small businesses continue to benefit from economic recovery.
Smaller manufacturers are still benefiting from the UK’s economic recovery, in spite of the pressures stemming from slacker global demand.
That’s the view of the latest SME Trends Survey from the Confederation of British Industry (CBI), which found that manufacturing companies are benefiting from stronger domestic demand at a time when export orders are harder to come by.Read more >>
Next year’s World Expo is a major opportunity for nations to show off what they can offer. The government is hoping it could be worth £1 billion to the UK.
When next year’s World Expo kicks off in Milan, delegations from around the world will flock to Italy to demonstrate what they have to offer to a truly global audience. It’s a massive opportunity for governments and businesses alike to benefit from showing off their products and services on the biggest possible stage. So much so, in fact, that the UK government says it is aiming to make the event worth £1 billion to the UK economy.Read more >>
The London Stock Exchange’s biggest ever rupee bond worth £103 million was issued earlier this week by the International Finance Corporation.
India and the UK have been working hard to cement their already close economic and financial relationships after all the latter is the biggest investor in the former among the G20 nations. But, this week, they have edged even closer together.
The International Finance Corporation (IFC) has issued a major new rupee bond in London today – the biggest of its kind ever issued on the London Stock Exchange (LSE).Read more >>
World leaders are positive that in 2018, a decade on from the financial crash, the global economic outlook will be markedly better than it has been in the interim years.
After much discussion at this year’s G20 summit, attendees came to an agreement that they will transform their respective economies in fundamental ways to make this possible.
One of the key commitments is for heads of state to boost their economies by 2.1 per cent over the next four years, which will orientated around a package of 800 measures designed to stimulate growth.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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 >>