LSBF Blog - Global Matters
A report from accountancy and business advisory firm BDO LLP has shown that businesses in the UK continue to be optimistic about their future growth, despite a drop in business output.
BDO’s Output Index showed that UK business output dropped from 100.05 in March to 99.97 last month, which was below the long-term growth trend of 100. However, the company’s Optimism Index found that businesses continued to feel confident about their financial prospects.Read more >>
Research from Innovate Finance and WPI Economics has shown that fintech could help to boost employment in the UK, with the industry creating 30,000 new jobs over the next ten years and the number of people employed in the sector expected to reach 100,000 by 2030.
The report highlighted the importance of global talent to the UK’s fintech sector and called for a flexible immigration policy to be put in place to prevent the UK from losing over £350 million.Read more >>
The Lord Mayor of London, Charles Bowman, is to help strengthen the City of London’s trade links with Chile.
Bowman, who is also the global ambassador for the UK’s financial and professional services industry, will be visiting Chile to meet with business leaders, trade bodies and regulators to talk about how the City of London can in tandem with businesses in Chile as they look to invest in boosting growth both domestically and overseas.
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The Institute of Chartered Accountants in England and Wales (ICAEW) is collaborating with business support firm Enterprise Nation to create a new business advisor platform aimed at small businesses in the UK.
The platform will provide small companies and entrepreneurs with better access to accountants and business advisors, enabling them to receive the valuable support and advice that they need to boost their chances of being successful.Read more >>
Research from CV-Library has shown an increase in jobs and salaries in the accountancy sector in the first quarter of 2018.
The study compared the number of job applications, jobs and salaries in Q1 with the first and fourth quarter of 2017 and found that the number of jobs in the accounting sector increased by nearly a quarter year-on-year.Read more >>
Figures from machine intelligence platform CB Insights have shown a record rise in the number of global financial technology deals in the first quarter of 2018, with emerging markets leading the way.
The Global Fintech Report showed that the number of fintechs that secured funding in Q1 2018 stood at 323, up from 286 in the final quarter of 2017.Read more >>
The latest figures from the Association of Professional Staffing Companies (APSCo) have shown an increase in permanent placements, with financial services showing a higher than average increase in permanent hiring.
The figures, which focus on professional recruitment in the UK, showed that permanent placements increased for the 13th month running, with a rise of 9% - a sustained growth that doesn’t look like slowing down anytime soon.Read more >>
Are you looking for a new career, or just starting out and haven’t decided which direction to take?
If you consider yourself to be an organised person, enjoy working with other people and regularly enter a state of tranquility when you tick tasks off a to-do list, you may have a future in project management.Read more >>
Brand valuation consultancy Brand Finance has revealed the most valuable brands in the UK, with several banks making the list.
The report revealed the value of each brand, showing that despite worries over the vote for the UK to exit the EU, businesses in the UK are responding well to the challenges of Brexit.Read more >>
A report from professional services and Big Four firm KPMG and industry body UK Finance has urged finance firms in the UK to work together to fight cybercrime.
The report stated that a revamped approach is needed as cybercrime becomes a growing threat to the financial sector.Read more >>
Everywoman, an organisation that celebrates the advancement of women in business, has launched its annual competition to find the UK’s leading female business owners.
The NatWest everywoman Awards celebrate the achievements of female business leaders, seeking out those who are making an economic impact and helping to inspire others.Read more >>
A study from short-term loans company Satsuma has shown that millennials place the most trust in banks when it comes to the protection of their personal information.
The survey looked at the online habits of 1,000 millennials and found that the majority of adults aged between 18 and 34 trust their banks to keep their personal information safe and private.
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Research from fintech firm Crealogix Group has shown that consumers need to be provided with more information on the benefits of Open Banking.
The study surveyed 2,000 UK consumers and identified some of the barriers that Open Banking will need to address in order for the initiative to be adopted on a wide scale.Read more >>
The latest Lloyds Bank Business Barometer has shown that businesses in London are the most optimistic in the UK, with positivity standing at 42% compared to the UK average of 33%.
Businesses in the city are also feeling positive about exporting, with more than half of respondents planning to export or enter a new market over the next six months.
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Research from Lloyds Banking Group has shown that financial services leaders are feeling positive about the sector’s future, with the majority believing that the UK will continue to be Europe’s leading financial hub after Brexit.
The study also revealed that, despite optimism in the sector, Brexit is still seen as the biggest risk, with 55% saying that they are worried about the effect that it will have on growth.Read more >>
Investment and retail finance news magazine Professional Advisor has launched the Women in Finance Awards for 2018.
The awards, which are backed by the Chartered Insurance Institute and Personal Finance Society, celebrate the achievements of women working in the financial advice sector, as well as those working in the UK’s broader financial services sector.
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The Bank of England (BoE) has announced plans to introduce new cyber standards to help boost protection from cybersecurity attacks amongst financial services firms.
The new standards will be published by UK financial services regulatory body the Prudential Regulation Authority (PRA), which is led by BoE Deputy Governor Sam Woods.Read more >>
Research from peer-to-peer business lender Growth Street has shown that small and medium-sized enterprises in London are leading the way when it comes to awareness of the alternative financing options that are available to them.
The study surveyed 1,000 SMEs across the UK, exploring their views on business finance and exporting, and revealed that more than half of London-based respondents believe that there is enough guidance available to businesses that wish to export, compared to 36% of businesses across the rest of the UK.Read more >>
A study from PwC has shown that more than 40 per cent of Asia Pacific businesses are looking for new mergers and acquisitions, creating opportunities for businesses in the UK that are looking to expand their business overseas.
The professional services and Big Four firm is urging businesses in the Asia Pacific region to invest in UK businesses as part of its support for GREAT, a campaign run by Britain’s Department for International Trade that aims to help overseas businesses boost their growth in the UK.Read more >>
Research carried out by Dartmouth Partners has shown that London remains the most attractive location for graduates who want to pursue a career in finance.
The recruitment firm’s “Gen Z Hiring Report” surveyed 600 people applying for jobs in financial services and found that London is the top spot for recent and future graduates, with 84 per cent of respondents citing the city as the place where they most want to work.
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The finance industry has launched an Action Plan to help raise awareness of everyday banking services at thousands of Post Office branches across the UK.
The plan, which was developed in partnership with the Post Office and HM Treasury and is set to be put into action in the third quarter of 2018, will be beneficial to customers living in rural or urban areas who have limited access to bank branches.Read more >>
A report from Hampshire Trust Bank has shown that more than 50 per cent of UK SMEs are feeling optimistic about the long-term economic prospects of their industry, with finance and accountancy firms being amongst the sectors that are feeling the most positive.
The specialist bank’s SME Growth Watch highlighted the importance of business confidence when it comes to economic growth, with 56 per cent of finance and accounting businesses feeling optimistic about their long-term economic prospects.Read more >>
A report from Z/Yen has shown that London continues to be the world’s leading financial services centre.
The city earned the top spot in the think tank’s 23rd edition of its global financial centres index, which analysed 110 cities and ranked them using data from the World Bank, the United Nations and the OECD.Read more >>
The increase in the number of people switching jobs is proof that the UK economy is recovering, according to Bank of England officials.
Nearly 900,000 people switched jobs between October and December last year, the highest number of people since 2004.Read more >>
A study from insight research company Strive has shown that more than 50 per cent of the British public believe that big banks should acquire fintech.
The study surveyed more than 1,000 people, exploring their views on how the finance industry should incorporate technology innovation, and found that 13 per cent believe that it should be done through big tech companies such as Google, whilst 28 per cent said that it should be done through expansion of online-only banks.Read more >>