business confidence

64% Of Businesses Didn’t Make A Foreign Currency Transaction In Q1 2017

64% Of Businesses Didn’t Make A Foreign Currency Transaction In Q1 2017

64% of UK small businesses failed to make a single foreign currency transaction in Q1 2017, as international trading begins to slow down -according to a report by World’s First. The Global Trade Barometer has revealed that UK businesses transferred 17% less on average per currency transaction in Q1 2017 compared to Q4 2016 – a fall from £48,000 to just £39,000. % of small businesses not making a foreign currency transfer Q1 2016 27% Q2 2016 31% Q3 2016 33% Q4 2016 28% Q1 2017 64%     Current political and economic uncertainty appears to be compounding matters, with 30% of respondents saying they’ve felt the negative impact of exchange rate movements in the last quarter. Moreover, 22% admit their worried about rises in inflation negatively impacting their business, with the same p... »

3 In A Row: Small Business Confidence Up For Third Successive Quarter

3 In A Row: Small Business Confidence Up For Third Successive Quarter

UK small businesses confidence has increased for a third consecutive quarter, according to a report by Capital Economics. The SME Growth Tracker of 2017 has revealed that, on average, small and medium sized enterprises are predicting a 2.3% increase in revenue for the coming 12 months. When broken down by region, firms in the North East are the most optimistic in the country, with a SME Confidence Index score of +11 – far acceding the national average. In contrast, business owners in Wales are more pessimistic about the future, with their SME Confidence Index score of -2 suggesting they believe they’ll suffer a dip in performance over the next 12 months. Despite the general optimism, it appears that businesses are worried about the potential of rising inflation and increased supply costs, ... »

Increased Confidence in Business and Economy Among Freelancers

Increased Confidence in Business and Economy Among Freelancers

UK freelancers are optimistic about future prospects with business confidence for the next three months up 3.95 to 9.42 and rising from 0.6 to 7.19 over the next 12 months, according to the latest Freelancer Confidence Index published by the Association of Independent Professionals and the Self Employed (IPSE). The survey, which featured over 1,000 freelancers, revealed freelancers are also confident about the economy with confidence rising from 5.7 to 16.48 over the next quarter, and 4.75 to 18.05 over the coming year. This rise in confidence, which had slumped in the previous quarter, is believed to be a result of an increase in work volume and day rates as more self-employed individuals (38%) are reporting a growth in the volume of work accepted. Moreover, the survey found a record numb... »

Business Hiring Rates ‘Sky-High’ Despite Static Productivity Levels

Business Hiring Rates ‘Sky-High’ Despite Static Productivity Levels

Confidence among British businesses remains strong with hiring and optimism rates revealed to be significantly above long-term trends, measuring 113.0 and 104.9 respectively on accountancy firm BDO LLP’s Business Trends Index report. Despite these high optimism and recruitment levels the report also found that several economic concerns still remain.Business productivity – workers’ output per hour – has continued to stagnate over the past two years and the BDO claims productivity levels for UK enterprise are now at their lowest since World War 2. The report did however shine a positive light on the UK business atmosphere, with the BDO’s Output Index rising to 103.9 and its Inflation Index decreasing from 94.7 to 93.8 this month – signifying deflation. Peter Hemington, a partner at BDO LLP, ... »

Businesses Unfazed by Election Uncertainty as Optimism Remains High

Overall business confidence is up as firms expect economic growth and hiring intentions remain positive UK firms appear to be undisturbed by the current political uncertainty, with the majority remaining cautiously optimistic for economic growth, according to accountancy firm BDO’s Business Trends report. Both the BDO’s Output and Optimism Indices (predicting three and six month’s economic growth) remained high at 102.9 and 104.4 respectively – representing an increase above the long-term trend rate. Furthermore, many businesses are planning to expand in the imminent future, with employment predictions also above the norm at 111.6. The report revealed that confidence is particularly high in the manufacturing industry (a trend which was also found in a report released last week) with the re... »

Number of Overseas Investments by UK Businesses up 13%

Business confidence on the rise as more firms invest overseas with transactions doubling to £69.5bn in 2014 – the highest in seven years UK business overseas investment rose by 13% this year, with outbound deals up from 502 to 566, according to a new report. The research, released by global information company Experian, revealed the value of transactions has doubled in 2014, totalling £69.5bn compared to £33.9bn in 2013. The findings also highlighted what regions and industries conducted the greatest number of overseas investments as well as what type of deals were most popular. In regards to the busiest sectors, manufacturing lead the way with a total of £23bn worth of international deals; followed by professional, scientific and technical services (£13.3bn) and the information and commun... »

Growth Pushes Small Business Confidence to Highest in 22 Years

Small business’ profits, exports, and employment predicted to grow as survey reveals increases across all sectors Lloyd’s ‘Business in Britain’ survey shows that business confidence is at its highest in 22 years, with companies witnessing a rise in sales, orders and exports in the first half of the year. The report revealed that overall sales and new orders have increased by 8% in small and mid-sized businesses, with sales rising to 41% and orders to 42%; and that over half (52%) of the survey’s respondents reported an increase in new business. The percentage of exports also increased from 33% to 38%, with overseas sales within Europe rising 5% to 21%. Businesses anticipate that the numbers will continue to grow; expecting stronger profits, sales, exports and orders for the second half of ... »

SMES Lead the Way in Business Confidence

Small firms have led a cautious rise in business optimism over the last six months, according to a survey of 2,500 businesses by remote office space provider Regus. The firms’ bi-annual Business Confidence Index found that confidence among smaller businesses had increased at a greater rate than their larger counterparts since October 2011, when firms of all sizes reported a sharp fall. This time around, Regus found small-business confidence had risen by six points to 88, compared to an increase of four points overall. In particular, small firms had been buoyed by signs of revenue growth, with 8% reporting increased takings, compared to 7% of larger businesses. Despite closing the gap between small businesses and large businesses, the increase was small and total business confidence n... »

Small Business Confidence on the Rise, Report Claims

Businesses’ confidence about the economic outlook increased slightly in August, new figures have indicated. Accountancy firm BDO’s monthly Business Trend Index (PDF) revealed a small, but significant, increase in optimism among firms — from 95.1 in July to 95.5 in August. The Index also suggested that output growth will continue for the next two quarters. However, BDO partner Peter Hemington said that UK business confidence was moving “up and down like a yo-yo” and this “still points to only marginal growth in the UK economy at the beginning of 2012”. “That said, the first quarter of next year looks set to be better than the fourth quarter of this year,” he said. “I’m cautiously optimistic this trend will continue.” &l... »

Small Firms Focus on Foreign Markets for Growth

Small firms are more confident in their prospects of sales overseas than growth in home markets, a Lloyds TSB survey has found. The quarterly Lloyds Business in Britain Confidence Index revealed business confidence overall is at its highest level since 2007, following a historic low in 2008. But firms most reliant on domestic sales are the least optimistic for business growth. Of the small businesses that currently export, a balance of 42% — the number of those expecting a rise minus those anticipating a fall — expect their overseas sales to increase in the second half of 2010, with sectors such as manufacturing and business and professional services expecting to benefit the most. However, only a balance of 25% of all SMEs expect sales to increase overall. According to Lloyds TSB’s head of... »

Page 1 of 212