A Hertfordshire-based challenger bank has further demonstrated its commitment to helping British businesses to succeed by reducing its lending rates. The Bank, which is this year celebrating its five-year anniversary, has unveiled improved interest rates starting from 3.49% plus base rate for secured residential property lending and 4.49% plus base rate for secured commercial property […]
Manchester based early-stage investor Praetura Ventures has announced an additional £5m funding commitment from British Business Investments to continue supporting start-ups across underserved parts of the UK. The total sum committed to Praetura Ventures from the Regional Angels Programme now stands at £20m, the largest commitment through the Programme to a delivery partner to date. […]
Coface’s 2022 Asia Corporate Payment Survey, conducted between November 2021 and February 2022, provides insights into the evolution of payment behaviour and credit management practices of about 2,800 companies across the Asia Pacific region during another pandemic year. Respondents came from nine markets (Australia, China, Hong Kong SAR, India, Japan, Malaysia, Singapore, Thailand and Taiwan) […]
Recovering occupancy rates and food and beverage sales are combining to fuel a marked recovery in the London hotels market, according to the RSM Hotels Tracker. The data, compiled and produced by Hotstats and analysed by RSM UK shows that for the first time since prior to the pandemic, occupancy rates in London are now […]
Harmony Energy Income Trust plc, an externally managed company that invests in energy storage assets in Great Britain, has successfully agreed a debt facility of £60m with NatWest plc (the “Facility”) through a wholly owned subsidiary of the Company. The Facility comprises a five-year £60m facility with an initial margin of 300bps over SONIA, rising […]
India has recorded a record-breaking $82.3bn for pending and completed mergers and acquisitions in the second quarter of 2022 despite a global slowdown, according to Bloomberg. That is over twice the amount of the previous record of $38.1bn in the third quarter of 2019. Globally, M&A volume reached $827.6bn – down 8.7% from the same […]
Santander UK is this week launching Santander Navigator, a digital subscription platform to support UK companies with all their international growth needs. The new platform, a first from a UK bank, combines all the previous experience gained from supporting UK companies to expand overseas in one easy to use online system. The new platform brings […]
African business leaders are predicting a boom in start-up businesses across the continent as the number of working age people launching new firms expands, new research for blockchain-based mobile network operator World Mobile shows. Start-ups across the continent are currently valued at around $7.6bn – around 0.2% of the total $3.8tn value of start-ups globally […]
The UK’s largest independent invoice finance provider, Bibby Financial Services (BFS) has provided a £7m funding package to historic Yorkshire-based clothing wholesaler and retailer, Baird Group, to support the business’s international growth ambition. With heritage dating back to the 1890s, Baird Group employs more than 500 employees worldwide, with high-street customers including John Lewis, House […]
The economic outlook is weakening according to the findings of this quarter’s Economic Survey (QES) conducted by Greater Manchester Chamber of Commerce. The Greater Manchester Index, a composite indicator made of key QES measures, now stands at 31.3, a decrease of 1.0 point from the previous quarter’s results. Although the Greater Manchester IndexTM has hovered […]
30/05/2022
Edition 300 – May 2022
Regulator, heal thyself By Business Money group editor Robert Lefroy 30 years...
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