Figures obtained by RSM under a Freedom of Information request demonstrate a 28% rise in cyber-attacks reported to the FCA by financial services companies last year. The top cause of incidents was phishing emails, reported by 37% of affected firms, followed by attacks via third party companies (21%) and DDoS (Distributed Denial of Service) attacks […]
Four new banks were launched in the UK in the first ten months of the coronavirus crisis*, adding to the 41 launched over the previous seven years, says ACP Altenburg Advisory, the debt advisory specialist. ACP Altenburg Advisory says this is a sign of the growing options available to businesses looking for finance as CBILS […]
The broader adoption of general-purpose central bank digital currencies (CBDCs) will present authorities with trade-offs between the associated risks and benefits, says Fitch Ratings. The key benefits of retail CBDCs lie in their potential to enhance authority-backed cashless payments with innovations in step with the wider digitalisation of society. For central banks in some emerging […]
Start Up Loans, part of the British Business Bank, today sets out its commitment to unlock the talent of thousands more people across the UK by helping them to start their own business. The disruptive impact of coronavirus on the UK’s economy and traditional working patterns has catalysed many to reconsider their careers, whether because […]
Specialist business property adviser, Christie & Co, has announced the sale of Hillcrest Pharmacy in West London. Hillcrest Pharmacy is a standard hour pharmacy which dispenses an average of 4,851 items per month. It is ideally located in the affluent West London area of Holland Park. The business was previously owned by Mrs Ila Patel […]
During the pandemic, many businesses have taken out new finance to help buoy their cashflows, however for some SMEs, this may be the first time they are managing business debt. We spoke to Hannah Bernard, head of Business Banking at Barclays, who provided her guidance and considerations for businesses at the start of their repayments. […]
Metro Bank is launching its first start-up accelerator programme: Metro Bank Magic Makers, run in partnership with corporate innovation specialists, L Marks. Since its launch in 2010, Metro Bank has prided itself on taking a new approach to banking and has always been committed to helping SMEs grow and thrive. Through the 10-week immersive Magic […]
Newcastle, Leeds, Birmingham and Manchester have seen the largest year on year rental increase across the build-to-rent sector, according to the latest research from build-to-rent specialists, Ascend Properties. Ascend Properties analysed rental market data on the sector to see where has seen the biggest increase in rental market prices, as well as where the build-to-rent […]
Arbuthnot Latham (“Arbuthnot”), the private and commercial bank, today celebrates the fifth anniversary of its Manchester office (“the office”) in a record year of growth for its North West operations. The North West of England is a hub of innovation with a strong entrepreneurial culture and heritage, enabling it to attract and support countless successful […]
Paragon Bank has provided a £785,000 finance package to support the acquisition of Exeter-based logistics business, STR Logistics, following the retirement of the owner. STR Logistics specialises in distribution, contract management, logistic and supply chain solutions, tail lift delivery and secure high value freight handling. The deal was brokered through Ignition Credit, a leading UK […]
20/04/2021
Edition 291 – March/April 2021
Receivables 2020 The 24th annual Business Money report on the UK invoice fina...
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