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LSBF Blog - Global Matters

UK factory output rises fastest since 2010

May 09 ,2014 | by Sarah Parkin

UK factory output rises fastest since 2010

UK factory output grew at the quickest pace in nearly four years in the first quarter of the year, ONS data shows.

After positive news emerged about UK manufacturing earlier this week, the Office for National Statistics (ONS) has published the latest figures demonstrating improvement across the sector.

The most recent Index of Production showed that factory output rose by 1.4 per cent in the UK over the first three months of this year – higher than the 1.3 per cent increase that was predicted last month and the fastest rate of quarterly improvement since 2010.

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Apple bids $3.2 billion to acquire Dr Dre’s Beats

Apple bids $3.2 billion to acquire Dr Dre’s Beats

Apple could be set to acquire Beats Electronics for an eye-watering $3.2 billion, reports suggest.

Amid Facebook and Google’s recent flurries, Apple has mostly been conspicuous by its absence from the acquisition scene. But it seems that is about to change, since news has emerged that the tech giant is in talks to acquire Beats Electronics for the huge price of $3.2 billion (£1.9 billion).

That would represent the biggest acquisition in Apple’s history – Apple founder Steve Jobs was famously against such high-value acquisitions.

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Growth in Asia boosts demand for infrastructure

May 08 ,2014 | by Hari Sri

Growth in Asia boosts demand for infrastructure

Asian economies are growing fast and now they need the infrastructure to support their expansion.

Many of the world’s fastest-growing economies are located in Asia-Pacific. But as the region undergoes rapid development, demand for infrastructure to support continued expansion is reaching new heights.

These are the views of Ram Charan, an independent business adviser, who recently told Bloomberg that China will be home to at least 400 airports, while India will need a minimum of 100 additional facilities as growth continues.

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Siemens to buy Rolls-Royce energy assets for £785 million

Siemens to buy Rolls-Royce energy assets for £785 million

Rolls-Royce is selling some of its energy assets to Siemens for £785 million, it has been confirmed.

Siemens is solidifying its position in the energy market by purchasing assets from Rolls-Royce in a deal worth £785 million. The German company has confirmed that it will acquire the gas turbine and compressor business from Rolls Royce Energy in a transaction due to be completed by the end of the year.

But the deal will also have implications over the long term.

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How to build a successful career in tourism and hospitality

May 07 ,2014 | by LSBF Blog Staff

How to build a successful career in tourism and hospitality

Tourism and hospitality are both huge industries that can take you all over the world in a wide variety of roles.

Ultimately, that means that there is no single jobs market. If you’re looking to work in tourist attractions like museums and art galleries, competition is particularly fierce and you’ll need a different level of knowledge compared to working in theme parks or cinemas.

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Alibaba heads towards biggest ever tech IPO

Alibaba heads towards biggest ever tech IPO

Alibaba has officially filed for a stock market flotation that could prove the biggest tech IPO in history.

It’s been a long time coming, but e-commerce giant Alibaba has finally filed for its initial public offering (IPO) in the US – and it could make history when it eventually floats. Alibaba’s 6 May filing revealed that the company plans to raise around $1 billion (£589 million) from the flotation, but that is generally agreed to be a ballpark figure used calculating the different fees involved in listing the firm.

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Confident SME manufacturers mark improving UK economy

Confident SME manufacturers mark improving UK economy

With small and medium enterprise (SME) manufacturers reporting higher levels of optimism, the UK economy continues to show signs of picking up.

SMEs in the UK are reporting record levels of confidence, according to new figures from the Confederation of British Industry (CBI), contributing to a flurry of encouraging news on the nation’s economy. According to the latest SME Trends Survey from the business organisation, optimism is at the highest level among small manufacturers since records began in 1988.

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Amazon simplifies online shopping with Twitter hashtags

Amazon simplifies online shopping with Twitter hashtags

Amazon and Twitter have launched a partnership that allows shoppers to add products to their wishlists with a hashtag.

Amazon and Twitter have announced that they are teaming up for an initiative that could signal a new approach to online shopping. The companies have just revealed their #AmazonCart service, which will allow Twitter users to add items to their Amazon wishlists using that hashtag (or #AmazonBasket in the UK).

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Manufacturing grows and construction takes a hit in the UK

May 02 ,2014 | by Sarah Parkin

Manufacturing grows and construction takes a hit in the UK

New data shows that manufacturing kept growing last month, but construction fell.

Manufacturing kept growing in the UK last month, according to new data, but construction did not manage to equal its success.

The Markit/CIPS Purchasing Managers’ Index (PMI), published yesterday (May 1st), gave a score of 57.3 for the manufacturing sector in April, compared to a score of 55.8 obtained in March. That represented one of the strongest readings of the past three years – and since any figure over 50 indicates growth, it suggests that the UK’s manufacturers are performing well as the economy recovers.

Output jumped to

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US crowdfunding laws could be changed before they take effect

US crowdfunding laws could be changed before they take effect

Rules governing crowdfunding in the US could be amended before they are even fully introduced.

More and more small businesses and startups are taking to crowdfunding as a means of raising finance without going through the banks. But in the US, small firms are finding this much harder than they are elsewhere, and legislation has so far done fairly little to help.

Changes to US security rules were enshrined in the Jumpstart Our Business Startups (JOBS) Act in 2012, increasing the number of investors a private company can have from 500 to 2,000. The law also removed some barriers faced

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Londoners can now choose ‘.london’ domain names

Londoners can now choose ‘.london’ domain names

Business and individuals can now choose to end their web address with .london rather than .com or .co.uk.

Organisations, businesses and individuals can now sign up to use .london as their domain name for their web address.

Dot London was officially launched on Tuesday (April 29th) to allow firms and other web users to apply for a web address which features the name of the capital, providing an alternative to the standard options of .com, .co.uk or even .net or .org.

Anyone interested can now apply via the makeit.london website to ensure their site is associated with one of

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5 tips on how to succeed in energy and sustainability careers

May 01 ,2014 | by LSBF Blog Staff

5 tips on how to succeed in energy and sustainability careers

Few sectors attract as much media attention as energy, oil and gas, carbon entrepreneurship and sustainable businesses. But how do you thrive in this tough career?

There are lots of different challenging and rewarding career options if you have an interest in energy and sustainability. Perhaps you’re considering developing low-carbon technologies, either through your own startup or working for an energy company. You might be looking to manage a firm’s sustainability programme or rise through the ranks of and oil and gas company.

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From The World Of Business: April 2014 Highlights

May 01 ,2014 | by Sarah Parkin

From The World Of Business: April 2014 Highlights

Welcome to our news round-up for April 2014. In this round-up of the most important business news from around the world, we point you to some of the biggest news stories that have had people talking during the past month.

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Tube strike: the business impact

May 01 ,2014 | by Sarah Parkin

Tube strike: the business impact

Tube strikes have meant many Londoners having to go overground this week. How were businesses affected?

The second 48-hour strike this year has taken its toll on London’s commuters this week, but many businesses have also complained about the potential losses involved.

After the walk-out started at 20:30 BST on Monday (April 28th), the Tube network was reduced to limited services, with two lines not running at all. Extra buses and boat services were deployed to make the most of the capital’s roads and waterways.

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China to become world’s largest economy by purchasing power

April 30 ,2014 | by Hari Sri

China to become world’s largest economy by purchasing power

A century of US dominance could come to an end as China becomes the world’s largest economy.

China is set to become the world’s biggest economy this year, according to a new report, ending over a hundred years of US supremacy on the global stage. The figures from the UN International Comparison Programme (ICP), which is hosted by the World Bank, calculates the size of an economy in terms of purchasing power parity (PPP).

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UK Small Business Output Rockets

UK Small Business Output Rockets

Figures from Bibby Financial Services have found that small firms in the UK are enjoying a spike in output.

Small businesses make up more than 95 per cent of the UK’s firms, so it is clear that they play an important role in economic recovery. Fortunately, new research has found that output is rising among small and medium-sized companies.

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Why is Pfizer still pursuing AstraZeneca acquisition?

April 29 ,2014 | by Sarah Parkin

Why is Pfizer still pursuing AstraZeneca acquisition?

Pfizer has seen two previous bids to acquire AstraZeneca rejected by the company. Why is it making a third attempt?

US pharmaceutical company Pfizer Inc could be set to buy UK firm AstraZeneca Plc at a premium – on its third attempt. The world’s biggest drug group has announced that it has approached AstraZeneca twice already this year. But Pfizer’s proposition was rejected when the first overtures were made in January, and again when it renewed its interest on Saturday, 26 April, the company has confirmed.

...

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Uncertainty shadows the future of London’s iconic Gherkin building

April 28 ,2014 | by Hari Sri

Uncertainty shadows the future of London’s iconic Gherkin building

Years of defaults from one of its owners have put the Gherkin into receivership. What could happen to the famous building?

The Gherkin has been one of London’s most iconic landmarks ever since it was built a decade ago. But since one of its owners went into insolvency, the future of 30 St Mary Axe has been thrown into uncertainty.

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Competition: ‘Share the Pain’ To Study at LSBF for FREE!

April 25 ,2014 | by LSBF Blog Staff

Competition: ‘Share the Pain’ To Study at LSBF for FREE!

Heard something cringe-worthy in the office lately? Have a funny office jargon-use anecdote to tell?

Share your tale of woe with us to win a chance to study an Executive Education course at LSBF for FREE!

 

To enter this competition, visit: http://bit.ly/ShareThePain

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UK 2.5 per cent pay rises indicate strong salary growth

April 25 ,2014 | by Hari Sri

UK 2.5 per cent pay rises indicate strong salary growth

New figures show that employers awarded pay rises of 2.5 per cent in the first three months of the year, thus matching the rate of inflation in Britain.

The UK economy may be on the road to recovery, but until now many British workers have seen relatively little improvement in their finances at the end of each month. However, new data from research firm IDSPay.co.uk shows that wages are finally beginning to keep up with inflation.

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UK 2.5 per cent pay rises indicate strong salary growth

April 25 ,2014 | by Hari Sri

UK 2.5 per cent pay rises indicate strong salary growth

New figures show that employers awarded pay rises of 2.5 per cent in the first three months of the year, thus matching the rate of inflation in Britain.

The UK economy may be on the road to recovery, but until now many British workers have seen relatively little improvement in their finances at the end of each month. However, new data from research firm IDSPay.co.uk shows that wages are finally beginning to keep up with inflation.

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5 Tips to Succeed in Investment Banking and M&A

April 24 ,2014 | by LSBF Blog Staff

5 Tips to Succeed in Investment Banking and M&A

Investment banking and mergers and acquisitions (M&A) are not the easiest of sectors to succeed in, but commitment and commercial awareness will stand you in good stead.

Whenever they hear about investment banking and mergers and acquisitions (M&A), the first thing most people think about is the fabled high level of reward. But to draw such a large salary and earn considerable bonuses, you’ll have to put in plenty of hard work to progress your career.

Breaking into this competitive job market is one thing, but how do you advance once you’re there? In short, you’ll have to consistently produce

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UK government creates new role to support female entrepreneurs

April 24 ,2014 | by Sarah Parkin

UK government creates new role to support female entrepreneurs

The UK government has created a whole new position in the Department for Business, Innovation and Skills to champion female entrepreneurs.

Liberal Democrat MP Lorely Burt has been appointed by the Department for Business, Innovation and Skills (BIS) to encourage women who are starting out on their own and investigate ways in which the government can support them. A former prison officer at one of the UK’s toughest gaols, Burt, who used to run her own business, will now champion women who set up their own businesses.

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5 Bosses You Don’t Want to Become

April 23 ,2014 | by LSBF Blog Staff

5 Bosses You Don’t Want to Become

Everyone knows that moving up the career ladder is a tough task, but avoid turning into one of these horrible bosses.

Getting that first job is hard enough, but progressing in your career’s far from simple. Taking on responsibility for managing others can be an important part of that learning curve – but it’s important to become the right kind of boss.

It’s safe to say these people never learned that lesson. Here are some of the worst bosses ever to have graced your TV screen or cinema. A word to the wise: whatever they do, do the opposite.

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Microsoft could get rid of Nokia brand

Microsoft could get rid of Nokia brand

Microsoft stands primed and ready to take over Nokia, and it could be planning to do away with the famous brand name.

There was a time when virtually everyone carried a Nokia phone in their pocket. Popular models such as the 3210 and 3310 enjoyed large market shares. Almost everyone knew someone who had a Nokia device, at least in key markets in Europe and the US. But with Microsoft poised to take the company over, one of the most recognisable names in technology could be about to disappear.

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