Search Results for: financial

Wellbeing overtakes financial security as top workforce concern, study claims

Wellbeing overtakes financial security as top workforce concern, study claims

by • News, Wellbeing

Wellbeing has overtaken financial security as the primary concern for UK employees, according to new research from MercerWellbeing has overtaken financial security as the primary concern for UK employees, according to new research from Mercer, reflecting a shift in workforce priorities after several years of economic and social disruption. The findings come from Mercer’s Inside Employees’ Minds: Building Confidence in a Changed World 2025 to 2026 report, based on responses from more than 4,000 UK workers. While financial pressures remain widespread, concerns around physical, mental and emotional health now dominate. The study found that 32 percent of employees report poor mental health, with higher prevalence among younger workers. (more…)

Revolut opens new London HQ as part of long term plan for the UK financial services sector

Revolut opens new London HQ as part of long term plan for the UK financial services sector

by • News, Property

Fintech firm Revolut has announced the opening of its new global headquarters in London, underlining a week that has seen more than £110 billion committed to the UK financial services sector.Fintech firm Revolut has announced the opening of its new global headquarters in Canary Wharf, in a week that has seen more than £110 billion committed to the UK financial services sector. The company confirmed it will invest £3 billion over the next five years and create around 1,000 new skilled jobs. (more…)

Commercial property growth in regional cities driven by financial services firms

Commercial property growth in regional cities driven by financial services firms

by • News, Property

Commercial property markets in regional UK cities are seeing significant growth as major financial institutions reconfigure their office strategiesCommercial property markets in regional UK cities are seeing significant growth as major financial institutions rethink their office strategies to focus on high-value client interactions in London while relocating support functions elsewhere. New research from JLL suggests that financial services firms have accounted for more than 440,000 square feet of inward investment in office space across Glasgow, Leeds, Bristol, Manchester, Edinburgh and Birmingham over the last decade. This is more than the space acquired by manufacturing (238,822 sq. ft) and service industries (224,813 sq. ft), though still behind technology, media and telecoms (TMT) and flexible workspace sectors. (more…)

Wannabe entrepreneurs likely to ignore important financial warnings

Wannabe entrepreneurs likely to ignore important financial warnings

by • Business, News

Wannabe entrepreneurs are highly likely to ignore poor financial performances in order to pursue their dream, according to new researchWannabe entrepreneurs are highly likely to ignore poor financial performances in order to pursue their dream, according to new research by emlyon business school and ESC Clermont Business School. The researchers found that in the early stages, new entrepreneurs are so blinded by their dreams of becoming successful, they believe entrepreneurial spirit can get them out of a difficult situation. (more…)

Understanding how to project financials for a startup business

Understanding how to project financials for a startup business

by • Company news

Launching a startup can be an exciting endeavor that requires thorough planning and preparation. One of the most essential and challenging aspects of planning a startup is projecting the financials. To make credible financial forecasts, it is crucial to have a solid understanding of the fundamental aspects of projecting financials. In this article, we delve into the art of projecting financials for a startup business. (more…)

Financial uncertainty, wellbeing and supply chain disruption revealed as top risk factors 

Financial uncertainty, wellbeing and supply chain disruption revealed as top risk factors 

by • Business, News

Companies across the UK are most concerned about the risk of financial uncertainty (34 percent), employee health and wellbeing (31 percent) and supply chain disruption (23 percent) on their businesses over the next 12 monthsAccording to new research by Marsh, an insurance broker and risk advisor, companies across the UK are most concerned about the impact of financial uncertainty (34 percent), employee health and wellbeing (31 percent) and supply chain disruption (23 percent) on their businesses over the next 12 months. The findings come from Marsh’s UK Business Risk Report 2023 [registration], which features data obtained in May and June 2023 from over 2,100 UK businesses with turnover of between £100,000 and £500 million + per year. Now in its third year, the report explores how circumstances over the last 12 months have impacted the business risk appetite and approach to risk management among UK companies, and identifies their priorities for the year ahead.  (more…)

Sedus Stoll Group ends the 2021 financial year on a positive note

Sedus Stoll Group ends the 2021 financial year on a positive note

by • Company news

SedusWith a turnover of EUR 195.9 million, the Sedus Stoll Group was able to record sales growth of 6.5 percent over the 2021 financial year. Despite the continuing challenges of COVID-19 and extraordinary cost increases in the energy, transport and material sectors, the Group’s net profit for the year was EUR 2.6 million. The Sedus Stoll Group further expanded its position as a European player in 2021: With revenues of around EUR 88.6 million, the Group was able to record an increase of 18.6 percent overseas. The group of companies further strengthened its market position, in particular, with international business customers. (more…)

Half of workers worried about the financial cost of the return to the office

Half of workers worried about the financial cost of the return to the office

by • Flexible working, News, Wellbeing

commuters return to the officeSlack has released the results of a new poll which the firm claims reveals the current state of mental wellbeing among UK workers. Commissioned in partnership with NHS GP and TV Doctor, Dr Sara Kayat, and to mark Mental Health Awareness Week, the survey sets out to examines the impact of the office on wellbeing, the effects of the return to the office after the pandemic and indicates how businesses can build healthier workplaces. (more…)

Firms who prioritise working culture enjoy better financial performance

Firms who prioritise working culture enjoy better financial performance

by • News, Wellbeing, Working culture

working culture in a smart officeHeidrick and Struggles has released the results of a new global CEO study Aligning Culture with the Bottom Line: How Companies Can Accelerate Progress which found that intentionally building a company’s working culture can impact the company’s financial performance in a number of ways. The survey of 500 CEOs across nine countries examines how working culture propels organisational performance in Australia, Brazil, Canada, China, France, Germany, Spain, the UK and the USA. (more…)

Strong mutual trust between managers and employees boosts company’s financial performance

Strong mutual trust between managers and employees boosts company’s financial performance

by • Business, News, Working culture

trustCompanies that have a high-level of mutual trust between their management and employees are much more likely to have a greater economic and financial performance, according to new research from Durham University Business School. (more…)

Half of employers don’t have a financial wellbeing policy

Half of employers don’t have a financial wellbeing policy

by • Business, News, Wellbeing

financialDespite the financial hardship wrought by COVID-19, half of employers (49 percent) don’t have a financial wellbeing policy. This is according to the latest Reward Management Survey from the CIPD (which 420 employers responded to). (more…)

Gig economy workers to make up fifth of employees in financial services firms, claims report

Gig economy workers to make up fifth of employees in financial services firms, claims report

by • Flexible working, News

gig economyMore than half of financial institutions say they expect to have more ‘gig economy’ based employees over the next three to five years, according to PwC’s report, Productivity 2021 and beyond: Upskilling the workforce of the future to create a competitive advantage in financial services. The second iteration of PwC’s productivity research, that surveyed over 500 financial services businesses globally, and received over 60 percent of responses from C-suite leaders, looked at some key workstreams implemented by financial services businesses and evaluated its impact on productivity. (more…)

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