The British Business Bank has reaffirmed its commitment to supporting smaller businesses seeking finance through the SME Finance Charter, published on 9 October. The Charter was adopted at the first meeting of the new Business Finance Council, co-chaired by business secretary Andrea Leadsom and economic secretary to the treasury John Glen on 9 October. The […]
A new research paper from Siemens Financial Services (SFS) says innovative Energy-as-a-Service solutions can help UK manufacturers save up £5.6bn over the next five years, including £954m in savings for the chemical manufacturing sector and £800m in for the Food and Drink sector. The report, entitled ‘Future Savings – Current Gain’, estimates that by partnering […]
Annually, thousands of businesses fall victim to fraudulent customers. Footlocker, for example, recently got swindled for 1.8m euros by a fake company called Ups Consultancy. This case also involved ING being fined on grounds of negligence in its due diligence of fraud and was widely reported on in the media. So, fraud not only leads […]
The 2012 LIBOR scandal rocked the financial world when it was revealed it had been manipulated for profit, culminating in combined fines of around $10bn and a decision to cease LIBOR by the end of 2021. This was a welcome move to protect banks, markets and consumers from illegal behaviour. However, with greater protection comes […]
ThinCats, the leading fintech lender to mid-sized SMEs, has today announced the appointment of David Parr as director for regional business development, covering the North West. David brings an array of funding experience to ThinCats, having joined from Barclays where he was director of Specialist Finance. In this role, he supported management teams at various […]
Commercial finance trade body, FIBA, has announced the appointment of specialist lender, The Bridging Group (TBG) to its lender panel. The lender which opened its doors for short term lending business in 2018 has headquarters in Dartford, Kent and lends across mainland UK. Adam Tyler, executive chairman at FIBA, said, “We are delighted to welcome […]
Simply today announced that it is proud to have signed up to the SME Finance Charter, a voluntary agreement that shows how UK lenders plan to support their business customers. Simply’s pledges are below: 1. We’re open for business and ready to lend. 31 months after launch and a year after we started originating on […]
A study conducted by the P2P platform Robo.cash has shown that the number of search requests associated with P2P lending in Spain grew from 9,400 in July 2015 to 12,000 in June 2019. A significant increase of the queries in 2017 with a peak in March correlates with the growth of Spanish alternative finance market […]
Morgan McKinley’s Autumn London Employment Monitor offers a snapshot of hiring trends from July through September 2019. After a rollercoaster first half of the year that saw jobs spike, nosedive, level off, and threaten to head back down again, the third quarter (Q3) followed a similar trajectory: job numbers were up by 20% month-on-month in […]
London takes the spotlight again this month as risk aversion on the part of vendors leads to a massive drop in supply, according to Home.co.uk’s Asking Price Index for October. Moreover, the capital is not alone; sudden supply drops are apparent in many regions and, nationally, supply is down 17% year-on-year as approximately one in […]
30/11/2022
Edition 303 – October/November 2022
Turnaround, a vital culture By Business Money group editor Robert Lefroy TMA...
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