Posted By Anisa Choudhary
Figures from finance recruitment agency Global Accounting Network have shown that more businesses are seeking out interim accounting professionals.
Market analysis from the agency showed demand for qualified accountants to work temporarily, on a contract-to-contract basis, increased with a year-on-year rise of 44 per cent.Read more >>
The government will make the UK’s financial services sector a priority in the next round of Brexit negotiations, according to Theresa May.
The Prime Minister met with a number of financial services leaders to discuss the UK’s exit from the EU, with input being provided by bosses from major banks and financial institutions such as HSBC, Barclays, Goldman Sachs, JP Morgan Chase, and Prudential.Read more >>
Figures from finance and banking trade association UK Finance have shown invoice financing has reached a record high of more than £22 billion.
The figures showed an increase in invoice finance to businesses in the third quarter of 2017, with a year-on-year rise of 13 per cent.Read more >>
The Federation of Small Businesses (FSB) has launched a new fintech platform to provide small businesses and self-employed people with more access to funding.
The FSB Funding Platform, which is regulated by the Financial Conduct Authority (FCA) and developed by business finance platform Finpoint, will help potential borrowers get access to funding by matching them with more than 100 providers.Read more >>
Data from totaljobs has shown a record rise in the number of advertised jobs in the UK at the start of 2018, with banking and finance among the sectors that saw an increase.
The figures showed 54,000 jobs were advertised on the totaljobs website between the 1st and 7th January 2018, up by 20 per cent from the same period in 2017.Read more >>
A report from the London Assembly has called for the creation of a banking charter to ensure all young people in London have a bank account.
The report, entitled Short Changed: The Financial Health of Londoners, focuses on financial inclusion and offers recommendations to help Londoners get more access to high-quality, affordable financial services.Read more >>
A report from retail bank Aldermore has shown small and medium-sized businesses are optimistic about obtaining finance over the next year.
The Aldermore Future Attitudes report surveyed more than 1,000 business decision-makers across the UK. They found 75 per cent are confident they will be able to access funding to achieve their growth ambitions, up from 63 per cent in Q4 2016.Read more >>
Research from CV-Library has revealed the top industries that UK professionals who are looking to start a new career in 2018 should consider, with education and accounting making the list.
The UK job board found 75.7 per cent of UK professionals would change their career if they had the chance, while 39.9 per cent are unhappy in their current job role.Read more >>
Research from employee engagement company Qualtrics has found workers in junior positions are most likely to search for a new job at the start of the New Year.
The Qualtrics Employee Pulse report, which is released quarterly and surveys more than 4,000 workers, found workers under 35 are among those most likely to leave their job in January.Read more >>
Data from Adzuna has shown a year-on-year increase in average UK advertised salaries for the first time since June 2015.
Average advertised salaries increased by 1.2 per cent from November 2016 to £32,598, while London saw the biggest improvement in average salary, with an annual rise of 2.2 per cent to £39,457.Read more >>
Lloyds Bank’s Business in Britain report from early 2017 has shown confidence among stabilised at the start of the year after a dip in the summer.
The report’s confidence index increased to 14 per cent, up from 12 per cent in September in the previous year.Read more >>
Research commissioned by London Block Exchange (LBX) has found that 33 per cent of millennials will have invested in digital currency by the end of 2018.
The study, which was carried out by Opium Research, surveyed 2,000 Britons and showed a significant increase in the number of young adults planning to invest in digital currency. 5 per cent of millennials already do this.Read more >>
Research from Close Brothers and the Pensions and Lifetime Savings Association (PLSA) has found that millennial workers are saving more money than other generations.
The Lifetime Savings Challenge Report 2017 found that millennials working for companies with over 200 employees are saving an average of nearly £400 more per year in non-pension savings than Generation X workers.Read more >>
Lloyds, Barclays and Halifax are now offering a service that enables customers to pay in cheques with their mobile phone.
Lloyds and Halifax quietly introduced the feature, which is available to customers who use mobile banking, back in October, whilst Barclays is still testing the service.Read more >>
Research from the Institute of Directors (IoD) has found that business leaders in the UK have very confident expectations for their companies in 2018.
The study found that nearly half of business leaders were feeling quite optimistic or very optimistic about what 2018 will bring for their business.Read more >>
London-based challenger bank Metro Bank has launched a new payment function on its mobile banking app.
The function has been designed to provide the bank’s customers with more choices when managing their payments through the bank’s app, at the store, online or via phone.Read more >>
The latest CBI/Pertemps Network Group Employment Trends Survey has shown that businesses continue to be optimistic about creating jobs in 2018, despite uncertainty over Brexit.
The survey, which is in its 20th year, interviewed 299 businesses employing one million people and found that more than 50 per cent will be taking on more staff in the New Year.Read more >>
Research from management consultant company Accenture has shown that retailers are eyeing the potential benefits of Open Banking.
The study surveyed nearly 80 payments executives from large retail companies to find out how they are planning to respond to the Revised Payments Services Directive, which is set to be introduced in January 2018.Read more >>
Research from the British Business Bank and the UK Business Angels Association (UKBAA) has shown an increase in angel investment in the UK.
The study revealed more than 40 per cent of angels invested more in 2016 than in the previous year.Read more >>
A study carried out by online investment platform SyndicateRoom with research company Beauhurst has shown fintech companies are growing twice as fast as start-up businesses from other sectors.
The study looked at more than 500 UK start-ups and found there has been a 63 per cent annual growth in the value of early-stage investments in financial services firms, compared to 30 per cent for start-ups in other sectors.Read more >>
London is leading the way for entrepreneurial spirit, with the city topping the latest Barclays Entrepreneurs Index.
The index, which monitors start-up activity, new business growth and the exits of young enterprises, showed that whilst the future of young businesses is uncertain, London is still the main driver of entrepreneurial activity.Read more >>
Data from the Cambridge Centre for Alternative Finance has shown an increase in demand for alternative finance services in the UK.
The figures showed growth across the UK’s alternative finance market, including crowdfunding, invoice trading, and marketplace lending. The date found a year-on-year rise of 43 per cent in 2016 from £3.2 billion to £4.58 billion.Read more >>
A recent study carried out by recruitment company Robert Walters highlighted the importance of career development among women. They found that 94 per cent of females believe mentoring programmes are valuable to helping them develop their career.
The research showed a lack of development programmes in the workplace, with 45 per cent of businesses surveyed offering no development schemes and 18 per cent of employers not offering any career development opportunities at all.Read more >>
The latest IHS Markit/REC Report has shown that the number of permanent placements increased at the fastest pace for three months in November.
The report identified the sectors that saw the biggest increase in permanent staff vacancies, with accounting and financial seeing the highest rise, followed by IT and computing.Read more >>
A report from Travelex Currency Solutions has found nearly 60 per cent of UK consumers want access to a banking marketplace to enable them to manage multiple accounts more easily.
The study surveyed 1,000 UK consumers and found that the number of money-related accounts has increased, with more consumers choosing to open accounts with fintech companies and challenger banks.Read more >>