AI is dominating the headlines, with reports naming artificial intelligence as the biggest spend for nearly half of top tech businesses across the economy; a signal of just how much the AI boom is spreading. However, it’s not only the tech industry utilising this software, and the use of AI across all sectors is at […]
Prime markets (broadly the top 5-10% of a given market by value) will recover more quickly than the mainstream in 2024 due to lower reliance on borrowing and values are projected to rise by almost a fifth in total by the end of 2028, according to the latest five-year residential market forecasts from property advisors, […]
Sirius Property Finance has returned to being a wholly owned subsidiary of Brightstar Financial, reacquiring the shareholding of Nicholas Christofi who was a co-founder of the business and managing director for 3 years. With this change, Nicholas will leave the company along with minority shareholder Leoni Alexandrou. Both Nicholas and Leoni have contributed much to […]
JMW Solicitors has become the latest organisation to join the Association of Short Term Lenders (ASTL) as an Associate Member. JMW’s Real Estate Finance team is one of the largest dedicated finance teams in the north west of England, with a team of lawyers with in-depth sector knowledge and more than 20 years of industry-specific […]
Consumer card spending grew just 2.6 % year-on-year in October – noticeably less than the latest CPIH inflation rate of 6.3 % and the smallest uplift since September 2022 (1.8 %) – as Brits’ concern over rising energy bills and outgoing costs ahead of the festive period hindered discretionary spending. On a brighter note, the […]
A key index monitoring millions of invoices from over a thousand large businesses across Europe and North America, shows the year-on-year value of sales fell in three of four bellwether sectors in Q3 this year. The key findings are: Sales values in the transportation and logistics sector were 27% down (Q3 2023 vs Q3 2022) […]
The experts at money.co.uk bank accounts have analysed how different UK industries have been impacted by the rising price of goods and services between September 2022 and August 2023. Accommodation and food services, wholesale and retail trade and construction ranked as the worst-affected industries, with more than two in five businesses from each industry reporting feeling […]
Only 1% of UK’s SMEs are ‘scale-ups’, generating nearly £500bn a year, new research shows today. With 1 in 6 of them being in health and social work, and IT also dominating, it highlights the strengths and potential of the UK economy. New research published today by the Social Market Foundation think tank, and sponsored […]
Shawbrook has announced a significant milestone, having now funded over £50m in asset finance transactions through its digital decisioning service for flow business. Introduced in 2022, the broker portal allowed brokers to upload deals and perform initial checks, New technology releases means that brokers can also now obtain an agreement in principle (AIP) for deals […]
40% of banks see tech giants as their biggest competitors in the next five years as the next generation of customers prefer one-stop-shop solutions when purchasing online—the new battleground between banks and other non-financial companies entering the payments market, according to the latest Economist Impact report by Temenos. The influence and threat of technology companies […]
