Today the British Business Bank publishes Future Fund data that gives a detailed picture of the 252 companies that have been approved for £236.2m worth of Convertible Loan Agreements since the scheme was launched on 20 May. There have been 623 applications in total in the first month of operation. Government has said it will […]
Digital Transformation in the finance sector will be the sweet spot for M&A and investment for the remainder of 2020, according to technology-focused investment bank, ICON Corporate Finance. ICON believes that Digital Transformation across all industry sectors has accelerated to become the most pressing priority for organisations in the aftermath of Covid-19. ICON predicts, this […]
Following the receipt of a full banking licence and the successful conversion of all of its existing investments into savings accounts, Castle Trust is pleased to launch its new brand identity. The firm will now operate as ‘Castle Trust Bank’, with a new logo and revamped website to showcase the new offering. The company will […]
Hodge has appointed ULS Technology as its solicitor panel management service provider, with 91 law firms on the main panel, and two law firms on its “fees assist” panel, giving borrowers more choice. Brokers will also benefit from case tracking which is available with the e-Conveyancer tool. The shift to this new technology takes effect […]
A new study by financial analysts AskTraders.com has revealed consumer attitudes to cash as British businesses brace for the post-Covid “new normal”. Non-essential retailers and hospitality businesses will reopen following the coronavirus lockdown on the 4th July. According to the study: 75% of consumers believe using cash leaves them vulnerable to germs and infection 63% […]
Baldwins Group, one of the UK’s fastest growing accountancy and business advisory firms, is pleased to announce that it advised on the successful sale of Birmingham based Environmental Integrated Solutions Limited (“EIS”), a leading supplier of VOC abatement, odour control, and other air pollution control solutions, to US based CECO Environmental Corp. (“CECO”). Established in […]
1pm plc (AIM: OPM), the AIM listed independent specialist provider of finance facilities to UK SMEs, provides the following trading update for the financial year ended 31 May 2020. The Company is also pleased to announce that it has obtained additional funding of £3.1m for its own business operations and has arranged new and reallocated […]
According to the statistics of the European P2P lending platform Robo.cash, the highest number of new investors who joined the platform from February to May came from Italy. At the same time, the highest increase in the volume of investments added to the platform in this period was by Bulgarian investors. For the period February […]
Banking Competition Remedies Ltd (BCR), the independent body established to implement the £775m Royal Bank of Scotland (RBS) State Aid Alternative Remedies Package (ARP), today issues an update on ISS. Achievements of ISS ISS has already made a difference in doubling the SME switching rate of CASS: as at the end of May 2020, 34,537 […]
Covering the week 15 – 21 June 2020 UK footfall decreased 57.2% year on year during the first week of reopening*. This was a slight improvement on the previous week at 76.2%. Footfall on high streets declined by 61.0% year on year. This was an improvement on a decline of 74.0% the previous week. High […]
