LSBF Blog - Global Matters

Big Four firms make 25 Best Big Companies list

February 26 ,2018 | by Anisa Choudhary

Big Four firms make 25 Best Big Companies list

Two of the Big Four firms have made it into the Sunday Times’ 25 Best Big Companies to Work For 2018 list.

EY came in tenth place, up from 17th place in 2017, while Deloitte rose from 18th place to 13th place on this year’s list.

Read more >>

Share on Facebook Share on LinkedIn +1

British Business Bank shows strong alternative finance growth

February 21 ,2018 | by Anisa Choudhary

British Business Bank shows strong alternative finance growth

Research from the British Business Bank has shown small businesses in the UK are turning to alternative sources to obtain finance.

The 2018 Small Business Finance Markets report showed growth in equity and alternative finance, with the value of SME asset finance deals increasing by 17 per cent last year and peer-to-peer business lending and SME equity deals up by 51 per cent and 12 per cent respectively.

Read more >>

Share on Facebook Share on LinkedIn +1

Over 50% of FTSE 100 CEOs are finance professionals

February 20 ,2018 | by Anisa Choudhary

Over 50% of FTSE 100 CEOs are finance professionals

Figures from Global Accounting Network have shown more than half of FTSE 100 CEOs are finance professionals.

The finance recruitment agency carried out an analysis of bosses from each FTSE 100 company and found nearly a fifth have an accountancy qualification.

Read more >>

Share on Facebook Share on LinkedIn +1

Workplace relationships have a positive impact on accountants

February 19 ,2018 | by Anisa Choudhary

Workplace relationships have a positive impact on accountants

Research from CV-Library has revealed how workplace relationships affect those working in an accountancy role.

The research surveyed 1,200 professionals and found 77 per cent of accountants believe their workplace relationships have had a positive impact on their personal life.

Read more >>

Share on Facebook Share on LinkedIn +1

Treasury urges firms to sign Women in Finance Charter

February 16 ,2018 | by Anisa Choudhary

Treasury urges firms to sign Women in Finance Charter

The Treasury Committee is calling for finance firms to sign up to the Women in Finance Charter to help boost gender diversity in financial services.

Treasury Committee Chair Nicky Morgan has written to more than 30 businesses in the sector, challenging them about why they have not signed the charter and whether or not they will.

Read more >>

Share on Facebook Share on LinkedIn +1

Job satisfaction higher in large accountancy firms

February 14 ,2018 | by Erin O’Neill

Job satisfaction higher in large accountancy firms

A report from the Association of Chartered Certified Accountants (ACCA) has shown that job satisfaction is higher in large accountancy firms, with 48 per cent of young finance professionals working in a large company saying that they are happy in their job role.

The report, entitled Generation Next: managing talent in large accountancy firms, surveyed 19,000 ACCA members and students aged 16 to 36, with particular focus on young finance professionals working for a large accountancy firm globally, such as one of the Big Four firms or a mid-tier company.

Read more >>

Share on Facebook Share on LinkedIn +1

Lloyds first FTSE 100 company to set diversity target

February 13 ,2018 | by Anisa Choudhary

Lloyds first FTSE 100 company to set diversity target

Lloyds Bank has recently become the first FTSE 100 company to announce a diversity target to boost the number of staff from BAME (Black, Asian and Minority Ethnic) backgrounds in senior management.

The bank will be increasing BAME employees in senior management roles from 5.6 per cent to 8 per cent as part of its 2018 Helping Britain Prosper Plan which is set to be published next week.

Read more >>

Share on Facebook Share on LinkedIn +1

Increased demand for permanent accounting and financial staff

February 09 ,2018 | by Anisa Choudhary

Increased demand for permanent accounting and financial staff

The latest IHS Markit/REC Report on Jobs from the Recruitment & Employment Confederation (REC) has shown an increase in demand for permanent staff across a number of sectors in January.

Permanent staff placements increased at the steepest rate since April 2015 last month, while overall growth in temporary billings was sharp, despite hitting a ten-month low.

Read more >>

Share on Facebook Share on LinkedIn +1

Research calls for more wellbeing programmes for finance workers

February 08 ,2018 | by Anisa Choudhary

Research calls for more wellbeing programmes for finance workers

A study from recruitment agency Robert Half UK has shown the nation’s finance workers need more access to wellbeing programmes.

According to the study, 78 per cent of chief financial officers believe stress levels in the workplace will increase by 2020, whilst 16 per cent think there will be no change.

Read more >>

Share on Facebook Share on LinkedIn +1

Finance one of best-paying sectors for contractors, study shows

February 05 ,2018 | by Anisa Choudhary

Finance one of best-paying sectors for contractors, study shows

Emolument.com has revealed the sectors that offer the highest-paid roles for contractors, with several finance jobs making the list.

The salary comparison website analysed compensation data from 3,694 contractors in the UK and found the majority of the best-paying roles are in sectors such as finance.

Read more >>

Share on Facebook Share on LinkedIn +1

Report shows gender diversity improvement in financial services

February 02 ,2018 | by Anisa Choudhary

Report shows gender diversity improvement in financial services

A report from management consulting firm McKinsey & Co has shown gender diversity in businesses in the financial services sector has improved.

The report, entitled Delivering through Diversity, surveyed 1,007 businesses across 12 countries globally to show how gender diversity has improved and how inclusion can help boost business performance.

Read more >>

Share on Facebook Share on LinkedIn +1

London business confidence highest in UK, report shows

February 01 ,2018 | by Anisa Choudhary

London business confidence highest in UK, report shows

The latest Business Barometer from Lloyds Bank Commercial Banking has shown business confidence in London was the joint highest of all regions in the UK in January.  

The Business Barometer, which is released monthly and has been running since 2002, was carried out on a regional basis for the first time, with 1,200 businesses surveyed.

Read more >>

Share on Facebook Share on LinkedIn +1

Financial services firms must focus on security, says FCA

Financial services firms must focus on security, says FCA

Financial services firms are being urged to focus on security after figures from the Financial Conduct Authority (FCA) showed that cyber-attacks on firms in the sector increased by more than 80 per cent in 2017.

Speaking at the PIMFA Financial Crime Conference in London, FCA Head of Technology, Resilience and Cyber Robin Jones discussed the areas in which financial services firms need to boost security, with firms being urged to place more focus on staff training and raising awareness.

Read more >>

Share on Facebook Share on LinkedIn +1

Lloyds Banking Group to help boost digital skills

Lloyds Banking Group to help boost digital skills

Lloyds Banking Group has announced it will be helping to boost digital skills across the UK to enable adults to have easier access to work and education.

The bank has teamed up with The Tech Partnership to lead a consultation that aims to improve the way Basic Digital Skills are measured.

Read more >>

Share on Facebook Share on LinkedIn +1

Research shows high demand for specialist finance skills

January 30 ,2018 | by Erin O’Neill

Research shows high demand for specialist finance skills

Morgan McKinley’s 2018 Salary Guide has shown that demand for niche skills and specialist knowledge was strong in the accounting and finance sectors in 2017.

The recruitment consultancy’s guide also identified a number of key trends, including increases in salaries for newly qualified individuals working in finance in areas such as London.

Read more >>

Share on Facebook Share on LinkedIn +1

Regulators could help London stay competitive

January 29 ,2018 | by Anisa Choudhary

Regulators could help London stay competitive

UK lawmakers have urged financial regulators to help keep London a major global financial centre after Brexit.

A report from a House of Lords committee has suggested the UK government could require regulators to boost competitiveness in the industry and help to ensure the capital remains a global base for financial dealing.

Read more >>

Share on Facebook Share on LinkedIn +1

Bank of England Governor predicts “conscious recoupling” of economies

January 26 ,2018 | by Anisa Choudhary

Bank of England Governor predicts “conscious recoupling” of economies

Bank of England Governor Mark Carney has predicted a “conscious recoupling” of the UK economy with the rest of the world as Brexit continues.

Carney was speaking to the BBC at the World Economic Forum in Davos, and admitted that the UK economy is currently an outlier in terms of global economic growth.

Read more >>

Share on Facebook Share on LinkedIn +1

UK forerunner in queue for US trade deals

January 25 ,2018 | by Anisa Choudhary

UK forerunner in queue for US trade deals

US Treasury Secretary Steve Mnuchin has said the UK will be at the head of the queue for negotiating free trade agreements with the US.

Mnuchin, who has a leading role in overseeing the US economy, made the promise at the World Economic Forum in Davos.

Read more >>

Share on Facebook Share on LinkedIn +1

Mastercard sets biometric challenge for banks

Mastercard sets biometric challenge for banks

Mastercard has set a challenge for banking providers by requiring them to offer biometric authentication by the spring of next year.

Read more >>

Share on Facebook Share on LinkedIn +1

Fintech start-ups set to profit from new regulations

Fintech start-ups set to profit from new regulations

As new banking regulations come into effect in Europe this month, a number of small UK fintech companies are poised to take advantage.

The introduction of the Second Payment Services Directive (PSD2) this month has brought open banking to the UK, and financial institutions are grappling with the opportunities and challenges presented by the changes.

Read more >>

Share on Facebook Share on LinkedIn +1

Financial firms should upgrade recruitment practices, report shows

January 23 ,2018 | by Anisa Choudhary

Financial firms should upgrade recruitment practices, report shows

The financial services sector can do more to meet customer demand by upgrading recruitment practices, according to a report into customer satisfaction.

The survey, which was carried out by consultancy Oliver Wyman, surveyed 4,000 customers across the UK, US, France, and Australia, along with a US mass-market focus digital group of 100 customers.

Read more >>

Share on Facebook Share on LinkedIn +1

IMF gives optimistic report on global trade

January 23 ,2018 | by Erin O’Neill

IMF gives optimistic report on global trade

The immediate future of the global economy looks good, according to the latest report from the International Monetary Fund (IMF).

The IMF has found that the recent upturn in international trade is led by growth in Europe and Asia.

Read more >>

Share on Facebook Share on LinkedIn +1

Dramatic increase in demand for specialist accountants

January 22 ,2018 | by Anisa Choudhary

Dramatic increase in demand for specialist accountants

The accountancy sector has been given a boost during the last 12 months thanks to a significant upturn in demand for interim specialists, reported by recruitment professionals.

According to Global Accounting Network, the demand for fully qualified accountants to work on a short-term or contract basis within the commercial and industrial sectors in the UK increased by 44 per cent in the year to November 2017.

Read more >>

Share on Facebook Share on LinkedIn +1

Research reveals financial roles set for biggest salary increases

January 19 ,2018 | by Anisa Choudhary

Research reveals financial roles set for biggest salary increases

Finance recruitment company Robert Half has revealed which roles are set for the biggest salary increases in 2018.

The Robert Half 2018 Salary Guide showed accountants and finance leaders will see the biggest increase in their salary as demand for skilled finance professionals rises.

Read more >>

Share on Facebook Share on LinkedIn +1

Fintech start-up Curve launches in UK

Fintech start-up Curve launches in UK

Financial technology start-up Curve is to disrupt the conventional banking system with the launch of its payment-switching card.

The service, which was previously a beta version that was only available to the start-up’s business users, has now been launched to 50,000 members across the UK.

Read more >>

Share on Facebook Share on LinkedIn +1