Businesses in Northern Ireland were given an early warning sign last month as research from Ulster Bank suggested that the country’s economy may have begun a downturn. The financial institution – who conducts a monthly survey of private sector activity – revealed that there had been continuous falling output since March. In fact, the bank’s […]
After a very weak first half of 2019, the German LBO market has positively exploded in the third quarter. The latest MidCapMonitor prepared by the investment bank GCA Altium, which regularly tracks leveraged-buyout financings with a credit volume of between €20 and €500m, confirms that there were 37 financings in the third quarter of 2019 […]
Not too long ago, Neil Woodford was still regularly being heralded as a “superstar” manager and the “Oracle of Oxford”. How different the story is today. The reasons behind Woodford’s fall from grace have been extensively covered, but can largely be attributed to the fact that ultimately the Equity Income Fund did not do what […]
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 […]
