Jes Staley, Group CEO said: ““For the year to September our Group RoTE stands at 9.7%, including a 10.2% return in the third quarter. Profit before tax was just under £5bn, excluding litigation and conduct, and earnings per share were 19.7 pence for the nine months. These represent another set of consistent and resilient results, […]
Sancus BMS Group has announced that Graham Sheward will replace Michael Hennessy as managing director of Sancus (IOM) Limited in October 2019. The appointment follows Michael Hennessy’s move from managing director to chairman of the Company. Graham will be responsible for leading the Company’s business strategy and growth and will be a member of the […]
— UK exports fell in Q3 amid a global slowdown in economic growth and rising international trade tensions, according to the latest Lloyds Bank International Trade Index, compiled in partnership with IHS Markit. Despite the challenging environment, more than eight in 10 (81%) manufacturers surveyed said they had exported between July and September, the second-highest […]
Latest market analysis from the British Business Bank published today finds that, contrary to widespread misperceptions, UK Venture Capital produces similar returns to that of the US. The new report, Analysis of UK Venture Capital Financial Returns, draws together data from existing data sources including PitchBook and Preqin, and from the Bank’s own programmes, to […]
Gener8 Finance (“Gener8”), the Oxfordshire-based Invoice Finance provider, is pleased to report record revenues and continued profitability in the financial year to 31 May 2019 as part of the 1pm Group of companies. The Group has achieved revenues of £31.8m, an increase of 6% from £30m in 2018 off the back of an 13% increase […]
Positive Cashflow Finance (“Positive”) is pleased to announce record revenues and continued profitability in the financial year to 31 May 2019 as part of the 1pm Group of companies. The Group has achieved revenues of £31.8m, an increase of 6% from £30m in 2018 off the back of an 13% increase in new business originations […]
The pace around the issue of IBOR cessation has been accelerating recently and banks are coming under increasing pressure to stop generating new LIBOR exposures. Recent developments have brought encouraging signs the loan markets are at last switching on to the need to start writing non-LIBOR loans. While we are yet to see the first […]
Onepm Finance (“Onepm”), the Bath-based business finance provider and asset-based funder, is pleased to report record revenues and continued profitability in the financial year to 31 May 2019 as part of the 1pm Group of companies. The Group has achieved revenues of £31.8m, an increase of 6% from £30m in 2018 off the back of […]
Intelligent Loans (“Intelligent”), the Cardiff-based specialist lending packager and business funder, is pleased to report record revenues and continued profitability in the financial year to 31 May 2019 as part of the 1pm Group of companies. The Group has achieved revenues of £31.8m, an increase of 6% from £30m in 2018 off the back of […]
Academy Leasing (“Academy”), the Warrington-based asset and vehicle finance provider, is delighted to report record revenues and continued profitability in the financial year to 31 May 2019 as part of the 1pm Group of companies. The Group has achieved revenues of £31.8m, an increase of 6% from £30m in 2018 off the back of an […]
