Langbrook Finance

In tough times, empathy in leadership is often seen as a luxury, but research suggests it can drive productivity and resilience. Leaders who balance empathy with high standards foster greater job satisfaction and positive change. Studies show that understanding and responding to employees' needs—not just sharing their feelings—can lead to higher morale and improved outcomes. Empathy, when combined with accountability, is a powerful tool for any organisation aiming for success. Read the full article on ACCA. https://buff.ly/4hyhHD1 #Leadership #Empathy #Productivity #ACCA

HSBC announced a restructure under its new CEO to cut costs and boost returns, merging parts of its commercial and investment banking operations. Pam Kaur steps in as HSBC's first female CFO as the bank shifts to four key divisions: UK, Hong Kong, corporate and institutional, and wealth banking. #HSBC #Banking #LangbrookFinance

A quick way to see how busy central London is? The “straight-line test.” If you can walk without dodging crowds, fewer people are commuting. Today’s TfL numbers show that London’s office return might be leveling off, with only a slight rise in commuter numbers matching slow economic growth. High travel costs and flexible work policies mean many still choose to work from home, especially in the public sector. #LondonLife #Commuting

The UK government’s Employment Rights Bill could cost businesses up to £5bn annually, impacting small businesses the most. This “biggest upgrade to workers’ rights” will include first-day sick pay, protection from unfair dismissal, and curbs on zero-hour contracts, benefiting around 2 million workers. While critics argue it may hinder growth, the government points to £3bn in “wellbeing” benefits from increased security for employees. #EmploymentRights #SmallBusiness #LangbrookFinance

AI pioneer William Tunstall-Pedoe, creator of Alexa, says many companies are getting AI wrong due to unreliable ML models. His new venture, Unlikely AI, aims to tackle issues like bias, hallucination, and accuracy, creating a trustworthy platform for high-stakes industries like finance and healthcare. 💡🤖 #AI #TechInnovation #LangbrookFinance

Major changes to workers' rights are coming! 🛠️✨ Millions will be able to claim sick pay from day one and take unpaid parental leave as soon as they start a job. However, some measures in the Employment Rights Bill have faced criticism for being delayed or watered down. Key updates include: Sick Pay: Entitlement from the first day of illness. Parental Leave: Available from day one of employment. Unfair Dismissal: Two-year qualifying period removed, but a nine-month probation period will apply. Flexible Working: Employers must consider flexible requests from day one. While big businesses generally support the reforms, concerns remain about how smaller firms will adapt. Critics call the changes "clumsy and chaotic." #WorkersRights #EmploymentReform #SickPay #LangbrookFinance Read more about the changes.

The 2024 Nobel economics prize was awarded for research into why some nations are wealthier than others, focusing on how societal institutions impact prosperity. 🌍🏆 #NobelPrize #Economics #Prosperity #LangbrookFinance

Public sector is advancing sustainability reporting! 🌍📊 IPSASB is set to launch new climate disclosure standards by 2025, helping governments report on climate risks and sustainability efforts. Early adopters like Toronto are already using green bonds and carbon budgets to cut emissions. #Sustainability #ClimateReporting #PublicSector #GreenInitiatives Read more in the ACCA article. https://buff.ly/3Uc055O

The Big Four audit firms have met the 2024 deadline for operational separation, boosting audit quality and accountability! 📊✅ Independent audit boards and new audit cultures ensure transparency and focus on the public interest. #AuditReform #BigFour #Transparency #LangbrookFinance

UK plans to cut redundant reporting for small companies, saving £240M annually! 💼📉 Reforms will make doing business easier for 132,000 firms. #BusinessReform #UKEconomy #SmallBusinessUK #CostSavings #LangbrookFinance