PCAF is collaboration between financial institutions worldwide to enable harmonized assessments and disclosures of greenhouse gas emissions financed by loans and investments. With nearly 70 banks and investors from five continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific. Katie Murray, chief financial officer of NatWest Group, said: “We […]
As the global Covid-19 pandemic means many Brits may be hesitant to travel abroad, ‘staycations’ are set to become even more popular. UK holiday destinations are preparing for a boost this year, and with house prices in some of Britain’s holiday hot spots rising an average of £13, 586 since last summer, some may find […]
British businesses felt a stronger impact from COVID-19 than companies globally, according to a new report from HSBC UK. The findings, drawn from a survey of over 2,600 companies in 14 countries and territories, show 83% of UK firms strongly felt the impact of COVID-19 compared to 72% of businesses globally. India (88%), Singapore (87%) […]
In the second quarter of 2020, the overall GB vacancy rate increased to 12.4%, from 12.2% in Q1. This was the eight consecutive quarter of increasing vacancy rates, from Q2 2018. All locations saw an increase in vacancies in Q2, with shopping centre vacancies increasing to 14.3% from Q1’s 14.1%. On the high street, vacancies […]
OFFA has become the latest lender to join the Association of Short Term Lenders (ASTL). OFFA is the first bridging finance provider in the UK to offer products that are designed in accordance with Islamic and ethical financing principles. It provides residential, commercial, refurbishment and planning bridging loans as well as development finance, and its […]
Yesterday, Barclays boss Jes Staley signalled that he wants employees working from home during the pandemic to return to the office ‘over time’. He told Bloomberg TV: “it is important to get people back together in physical concentrations.” He said 60,000 Barclays staff were working “from their kitchen tables”, but stressed that another 20,000 were […]
Responding to the announcement from HM Treasury of a change to state aid rules relating to facilities offered under the Coronavirus Business Interruption Loan Scheme, Stephen Pegge, managing director of Commercial Finance at UK Finance, said: “This change will make a real difference for those smaller, viable businesses who had previously struggled to secure loans […]
Nearly two thirds of businesses (64%) have over half of their workforce currently working from home. With many businesses working from home during the pandemic, this has improved carbon footprints and enhanced employee wellbeing, as well as helping businesses save money on their operational costs. New research conducted by Hitachi Capital Invoice Finance, with UK […]
Kroll, a division of Duff & Phelps, the global leader in risk mitigation, investigations, compliance, cyber resilience, security and incident response solutions, The Institute of Internal Auditors (IIA) and Internal Audit Foundation, the nonprofit research and publishing arm of The IIA, today identify that greater empowerment of and increased investment in internal audit can have […]
With the furlough scheme drawing to a close in October, a surge in unemployment is on the cards. Only a third of businesses said that they would definitely retain all of their furloughed staff, while nearly one in five (18%) indicated that they would not be doing so. Business conditions continued to improve in July, […]
