Figures released today by the Office for National Statistics (ONS) make grim reading for retailers, revealing a slump of -1.9% in the volume of sales during 2020 when compared to 2019. That is the largest year-on-year fall on record. In contrast, the value of online sales played its part in preventing an even greater disaster, […]
Crown Agents Bank is pleased to announce the appointment of Bhairav Trivedi as CEO Designate. His appointment is subject to the usual regulatory confirmations in due course. Bhairav and current Group CEO Albert Maasland will jointly oversee the transition. Bhairav joins Crown Agents Bank as it completes its comprehensive modernisation and transformation programme, becoming a […]
Output stabilised in the quarter to January, following three consecutive quarters of decline, according to the latest CBI quarterly Industrial Trends Survey for Scotland. However, output is expected to return to sharp decline in the months ahead. The survey saw an overall decline in total domestic and export orders, albeit at a slower pace than […]
Specialist business property adviser, Christie & Co, has completed on the sale of Holmhurst Care Home, a well-established specialist care home in Southampton, Hampshire. The sale was funded through Christie Finance. Holmhurst Care Home is a large detached two-storey dwelling with a single-storey extension to the rear. The care home is registered for 16 service […]
While the largest housebuilders in the country are collectively sitting on a £3bn war chest thanks to the introduction of the Stamp Duty holiday, it is also at the other end of the spectrum that the construction and trade sectors have seen much needed cash injections. The booming housing market as a result of the Stamp […]
The latest research by lettings and estate agent, Benham and Reeves, has revealed which rental property features are currently the most in-demand amongst UK tenants. Benham and Reeves looked at tenant demand across 23 major UK cities, analysing thousands of rental market listings for property features including gardens, garages, balconies, a concierge service, pet-friendly properties, […]
A new report by technology-focused investment bank ICON Corporate Finance, has revealed that despite Covid causing a 50% year-on-year collapse in Tech M&A activity in the second quarter, a remarkable bounce-back led to a spate of M&A activity in businesses focussed on Digital Transformation, resulting in a near record final quarter, boding well for 2021. […]
The UK credit card market is showing signs of recovery, with new accounts up by 16% month-on-month in November, and by 162% since the May 2020 low, according to data from the latest Equifax Market Pulse series. Credit limits, an indicator of lenders’ risk appetite and applicants’ financial health, are however still sliding, down 10% […]
Footwear wholesaler, D. Jacobson & Sons Limited, secures a £7m ABL facility from Independent Growth Finance (IGF). As a branded operation the company saw large opportunities for growth within their portfolio. The Lancashire based seller required additional working capital resource to expand into new international markets and invest in online technology to support progression during the pandemic and beyond. Jacobson Group’s expertise […]
Funding Xchange (FXE), the finance platform powering MoneySuperMarket’s business funding channel, and the UK’s fastest growing business support provider, Enterprise Nation, are joining forces to support small businesses and start-ups with financial support. The partnership will provide users with access to free online resources, a tool to help businesses identify and access funding solutions, and […]
29/11/2020
Edition 288 – October/November 2020
An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi...
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