Covering the five weeks 30 August – 3 October 2020 We have replaced the three month averages with 6 month averages as this provides a picture of how retailers have fared over the pandemic. On a total basis, sales increased by 5.6% in September, against a decline of 0.6% in September 2019*, It is above […]
Following the partnership, Lydia will use Tink as its main open banking technology provider, for enhancing the app’s connectivity and adding new services. As a first step of the partnership, Tink’s account aggregation and payment initiation services are being integrated into the Lydia app. This will improve the way users connect their accounts across multiple […]
Churchill Plant Engineers, an expert in construction machinery maintenance, has received a £40,000 loan from the Rosebud fund, managed by GC Business Finance, to hire new engineers and support the firm’s future growth. Based in Burnley, Lancashire, Churchill Plant Engineers offers a comprehensive parts and repair service for the construction industry across the UK. The […]
From today, Landbay, one of the UK’s leading buy-to-let lenders, will offer free-of-charge Title Indemnity Insurance, which could speed up the legal process dramatically. Landbay will be one of only a few lenders in the buy-to-let sector to offer Title Insurance on all of its buy-to-let remortgages that meet the required criteria. Having title insurance […]
A key business turnaround process could be made more accessible for small businesses following the publication of a new resource from R3, the insolvency and restructuring trade body. R3 has developed a free Standard Form for Company Voluntary Arrangements (CVAs), which aims to make it easier for small businesses affected by the Covid-19 pandemic to […]
The global footwear market continues to pick up the pace with new healthier lifestyles being associated with the need for more variety in the athletic shoe sector. According to data presented by Stockapps.com, the global footwear market is to rise by 30% in the next 5 years with an increase of $111bn. The industry is […]
Edgify, a company building AI training frameworks at the edge, has secured a $6.5m seed funding round backed by Octopus Ventures, Mangrove Capital Partners and a semiconductor giant. Edgify’s technology enables any connected device – known as ‘edge devices’ – to interpret vast amounts of data generated at the edge, train a complete AI model […]
Last month (September) was the highest month for Tech Nation visa applications since records began in 2014 August 2020 was the third highest month for visa applications on record Applications in Q3 (calendar year) were up 42% on the previous quarter, and up 8% on Q3 of last year Applicants have predominantly come from India, […]
An international study of over 1,000 senior professionals in the banking, lending, PFM, investment, and retail sectors by leading open banking provider Yolt Technology Services has revealed the lack of adoption of open banking into commercial lending, despite many acknowledging its benefits for customers. The results come at a time when small business demand for […]
New research from Aldermore bank reveals the Covid-19 pandemic has caused half (51%) of SME decision makers to change their business savings habits. This change in habit was more evident among larger sized SMEs with three quarters (77%) of SMEs with 50 to 99 employees citing a change in savings habits, compared to two in […]
