Monday, November 8

ECB raises eurozone growth forecasts

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The European Central Bank (ECB) has raised its forecast for eurozone growth for this year and next year. ECB President Jean-Claude Trichet said the upgrade reflected the "stronger-than-expected rebound" in the zone's economy. He forecast GDP growth of between 1.4% and 1.8% for this year, and between 0.5% and 2.3% next year.

Read more here
http://www.bbc.co.uk/news/business-11166680

A summer of stock market gloom

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August was hard work in the equity markets by anyone's standards: light volumes and bad economic figures piling up one after another like a student's heap of dirty washing - increasingly depressing as each day passes and no one willing or able to do anything about it.

Read more here
http://www.bbc.co.uk/news/business-11175327

Big Idea: Marketing using Foursquare

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‘Geotagging is the future’, predicted one of MT’s geekier (but strangely psychic) colleagues late last year. And so it has transpired – location-based apps like Foursquare, Yelp, Gowalla and, latterly, Facebook Places are everywhere. They’re all subtly different, but the one thing they have in common is that users can broadcast their location to friends by ‘checking in’ to a place (be it shop, café, office, bar – whatever), which then lets people know where they are. Users then accumulate rewards – like ‘badges’ on Foursquare – which turns leaving the house into a sort of game. Good for burglars? Probably. Good for business? Definitely.

Read more here
http://www.managementtoday.co.uk/features/1032882/big-idea-marketing-using-foursquare/

MT Expert's Ten Top Tips: Innovate when times are tough

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George Osborne’s Comprehensive Spending Review certainly was tough, and his call for ‘reform’ demands an innovative approach to shaping the future. With finances so tight, we need to rely on fresh thinking. Fortunately, great ideas don’t always need massive investment – rather, leaders need to create the right context for them to come out.  Sound too simple? We asked Simon Hayward, executive leader at leadership and employee engagement specialist Cirrus, for his ten top tips – so you can encourage new ideas and foster invention without breaking the bank.

Read more here
http://www.managementtoday.co.uk/news/1036686/mt-experts-ten-top-tips-innovate-when-times-tough/

Government signals end of 'grantpreneurs'

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One of the key grant schemes aimed at businesses in deprived areas is to end in 2012 but businesses warn that investment could be hit businesses across the UK have questioned the wisdom of the Government's decision to scrap a £470m grant scheme that has backed £4.2bn of business investment in deprived areas.

Read more here
http://www.telegraph.co.uk/finance/yourbusiness/8103446/Government-signals-end-of-grantpreneurs.html

Business Extra: SMEs after the budget cuts

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Small and medium-sized businesses can rarely have enjoyed so much attention as they are gaining at the moment. It seems that hardly a day goes by without a minister or other opinion former marking them out for playing a key role in the shake-up of society that is expected to be part and parcel of the Coalition’s attempt to bring down the national deficit.

Read more here
http://www.independent.co.uk/news/business/sme/business-extra-smes-after-the-budget-cuts-2123247.html

UK banks propose £1.5bn fund for small businesses

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UK banks have proposed creating a £1.5bn ($2.4bn) fund to invest in small businesses, following government criticism of weak lending. The "business growth fund" is a key proposal in a report to the Treasury

Read more here
http://www.bbc.co.uk/news/business-11532614

Cameron reveals Silicon Valley vision for east London

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Prime Minister David Cameron is set to unveil plans to transform London's East End into one of the "world's great technology centres". Firms including Google and Facebook are to invest in the East London Tech City, he will say in a speech later.

Read more here
http://www.bbc.co.uk/news/uk-england-london-11689437

My rules for being an angel investor

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Making investments in private companies is like panning for gold. You are forever searching for that elusive nugget among all the shiny pebbles. There are no immutable laws for achieving high returns, but there are plenty of rules of thumb that may help. As well as assembling my own tips, I asked my colleagues at Beer & Partners, an investing network, for their advice for those beginners thinking of making an angel investment or two.

Read more here
http://www.ft.com/cms/s/0/eeb24756-d0aa-11df-8667-00144feabdc0.html

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